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tv   MSNBC Live  MSNBC  April 13, 2017 8:00am-9:01am PDT

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velshi is here to take it over. lots of news. >> we're waiting for the press conference out of chicago we'll tell you about. have a great afternoon. will i see you on tv this afternoon? >> i am. >> i'm anchoring 1:00 so we'll talk. >> we'll talk. >> control the press conference. >> i will. >> we're waiting for a press conference any moment. we'll hear from the attorneys and a family member for david dao, the passenger seen in the shocking video, seen being dragged from a united airlines plane after he refused to give up his seat on the soldout flight. president trump weighed in yesterday, telling the wall street journal, quote, that was horrible. no, no. maybe you double, triple, kw quadruple. there is a point in which i'm getting off the plane. the united ceo apologized, but it appears this morning that the doctor is gearing up for a court battle. tom costello has been following this story from the beginning and joins me from washington.
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tom, we're hearing this is going to start any minute. in the meantime, tell me what's happened. the lawyers have filed a petition. what are they asking for? >> on his behalf, the lawyers already asked that all of the evidence be held. video evidence, cockpit voice recording evidence, procedures and protocols the security people should have followed. all of that, they've had the court preserve. i've had several conversations already today about how much would this go to? in other words, if they are clearly lining up for a lawsuit, how much might they be seeking? consider the following. we're talking about possible pain and suffering. we expect to learn more about the extent of dr. dao's injuries. did he suffer concussion, facial injuries, et cetera. all that is part of it. this is a chicago courtroom that is awfully favorable to plaintiffs very often. what about public humiliathumil?
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this is about to start. i'll kick it to you, ali. >> lawyers for dr. david dao. >> steve and i have the honor and responsibility to represent dr. dao and crystal is one of dr. dao's five children. i'm going to say a few words. crystal is going to say a few words. then we'll open it up to any questions you might have. i would ask only that if you do ask a question, you state your name and affiliation. so we're gathered here because of a video that went viral, as things do in our world today. the media inquiries has been
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quite amazing, which is why we thought this might be the best way to go about answering your various questions. mr. munos has taken to the airwaves and has given his view of things. a couple versions of it. and i thought it might be a good idea to put this video in the perspective of my world of law. here's the law. real simple. if you're going to eject a passenger, under no circumstances can it be done with unreasonable force or violence. that's the law. if unreasonable force and
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violence is used under a set of circumstances, the common carrier, united airlines in this case, is responsible. for each of us in this room, as we bump along in a day to day fashion, we owe each other an ordinary care standard. i'm not to be careless and hurt you. i'm not to be negligent and hurt you. but in the world of common carriers, they have the highest duty of care, to provide protection and safety to its fare paying passengers. as we all saw on the video, that was not done. that was not done in this case.
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and i would defy anyone to suggest there was not unreasonable force and violence used to help dr. dao disembark that plane. so the laws are there for the protection of each of us. what's been extraordinary in just these few days since the event, has been that the calls i've received from passengers, from employees of united, former employees of united, with respect to what we all saw, and the fact of the matter is, i've concluded the following.
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that for a long time. airlines, united in particular, have bullied us. they have treated us less than maybe we deserve. i conclude that based upon literally hundreds of tales of woe, of mistreatment by united is here's what we want as a society. we want fairness in how people treat us. we want respect, and we want dignity. that's it. not a big deal. this seems so simple. forget the law for a minute,
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that requires common decency in the treatment of pass engerpass. just treat us with respect. make us feel like you really care. i must say, i don't believe it's limited to the air line industry. i think corporate america needs to understand that we all want to be treated in the same manner, with the same respect and the same dignity that they would treat their own family members. if they do that, wouldn't it be great? so will there be a lawsuit? yeah, probably. as you may know, we've taken a step. monday, there's a hearing at 10:00 in our local courthouse here in chicago, to protect and
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preserve certain evidence we're going to need down the line. it's just not a matter of throwing the video up and asking the jury, okay, who wins? so it is a process. but dr. dao, to his, i believe, great credit, has come to understand that he's the guy. he's the guy to stand up for passengers going forward. yeerday, mr. munoz gave a interview on national television, and he was asked point-blank, did dr. dao do anything wrong? you know what he did? he hesitated. he hesitated.
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maybe he thought, wow, where'd that question come from? but then, he regrouped and he said, no. he did nothing wrong. no one should have been treated the way he was treated. stating the obvious. but he didn't state it initially. initially, he backed up his peop people. that may be the big part of the problem, the culture. it's us against them. well, we're them. and this lawsuit, among other things, hopefully, will create a not just national discussion but international discussion on how we're going to be treated going forward. whether it's a matter of
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overbooking -- and i think, perhaps, that's what's going on -- but if i understand what occurred last sunday here in chicago, it wasn't even a matter of overbooking. it was a matter of the last moment, four employees had to get to louisville so they could go to work the next day. so we have to figure out -- unit z h united has to figure out, the airline industry has to figure out, what do we do? we take money from people. we let them sit on the airplane, seat belted. are we really going to just start taking them off then? is that what we want as a society? or maybe we keep some seats open
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for that emergency, when a pilot, a co-pilot, a flight attendant has to get to a destination unexpectedly. maybe airlines need to start expecting the unexpected. but not at the expense, certainly not at the physical expense, of its paying passengers. so our role, steve, myself, going forward, will be to just get the facts and to get them out. and we're going to be vocal about the whole subject of what we as a society say passengers are entitled to. are we going to be continued to
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be treated like cattle? bullied, rude treatment, we all have enough, i don't know, angst, for flying as it is. a lot of stuff out there. but don't treat the people who help make you the corporate entity you are like dr. dao was treated. so i'm going to ask crystal to -- she wanted to address you. make any statement. th then, if i haven't been clear or you have further questions, i'm happy to answer them. okay? crystal?
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>> on behalf of my dad and my entire family, we would like to express our gratitude for the huge outpouring of prayers, love and concern that we have received from all over the world these past few days. we would also like to thank the physicians, the nurses and all the hospital staff that has taken care of my dad. it has been a very difficult time for our entire family, especially my dad. and we are truly grateful for your support. what happened to my dad should have never happened to any human being, regardless of the circumstance. we were horrified and shocked and sickened to learn what had
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happened to him and to see what had happened to him. we hope that in the future, nothing like this happens again. thank you so much, again, for your support. >> okay. yes, sir? >> the associated press. there was talk about [ inaudible ]. >> i personally do not. i don't think this is a matter of race at all. i'll share with you an e-mail i got actually late last night from, actually, sounds like an irishman to me on paper. who suggested that dr. dao was the modern day asian rosa parks. i don't think that's the case at
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all. i think what happened to dr. dao could have happened to any one of us. yes, sir, in the green tie. can you state your name and -- >> from cbs news. when you saw the video, can you tell us what you were feeling? take us back to the emotion of what you were feeling when you saw the video, and as it has been replayed countless times now. and give us an update on how your father is doing. >> can you do that? feel free, crystal, if you don't want to, don't. >> like i said earlier, we were completely horrified and shocked at what had happened to my father when we learned of the incident. seeing it on video made those
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emotions kp s exacerbated. my dad is healing right now. that's all i have to say about that. >> i can tell you that he was discharged late last night. that he did, in fact, suffer a significant concussion as a result of disembarking that plane. and i can also tell you that he had a serious broken nose, injury to the sinuses, and he is going to be undergoing, shortly, reconstructive surgery in that regard. there have been a lot of inquiries about, did he really lose any teeth? yeah, he lost two front teeth.
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but the concussions are sort of an iffy condition. i don't know, hopefully long term, there won't be repercussions because of that but he's shaken. yes, sir? >> cnn. yesterday, oscar muniz of united said in an interview that he and his people have reached out to dr. dao. have you heard from united, spoken directly to muniz or his people? >> the answer is no. >> i have not heard anything either. to the best of my knowledge. i have not heard it from united either. i asked crystal this morning whether or not her family had a
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voice message or something. the answer is no. >> yes, ma'am? >> [ inaudible ]. >> my parents immigrated from vietnam. >> yes, sir? >> could you talk a little bit -- i think a lot of us were wondering what was going through your father's mind when he was holding on to the post and saying -- i know he was on a long international flight. can you talk about what his mental state was or what he was trying to express there? >> i think i can, if you don't
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mind. only because i asked him that question. here's what he told me. he said, that he left vietnam in 1975. when saigon fell. and he was on a boat. he said he was terrified. he said that being dragged down the aisle was more horrifying and harrowing than what he experienced in leaving vietnam. that was his response to me. so i give it to you. yes, sir? >> [ inaudible ]. >> i'm sorry. you are? >> [ inaudible ]. >> real simple.
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the airplane is under the control of the pilot. the pilot controls everything. he's the boss. he's actually the captain of the ship. and so mr. munoz, smartly, i think, said, you know, we goofed up, united. we dpoof edgoofed up. it's our responsibility. because under the law, the captain of the ship, united airlines in this case, is responsible for what occurs on that. should this forceful, violent -- my word -- exercise of police power have been allowed once it was viewed and seen by the flight crew to continue? no, it shouldn't have. so were these three officers, these stormtroopers, for a moment, doing the right thing?
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no, not at all. this was not -- this was not a troubled passenger. this was not a nut job. this was not a threat to anybody. should he have been unceremoniously dragged out of the plane the way he was? he's a 69-year-old man. is that really the way we want to treat the aged? >> does the city of chicago bear any responsibility? >> yes. they are employees of the city of chicago. the city of chicago is -- yeah. just because united is responsible doesn't mean the city of chicago isn't also responsible. that will all be sorted out. but more than one can be responsible for a single event. in this case, i believe that's
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the case. yes, ma'am? >> inaudible. >> a lot of people asked, why don't you just sue? why are we fooling around here? because we're not ready to sue. we're doing our due diligence. when we file our lawsuit, it is going to be because everything, every word, every preposition, is in that lawsuit for a reason. we have been -- we have been getting calls from people who used to work for the aviation department. who trained these officers. and nothing in the training, i submit, as it will be proven,
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say says in a non-confrontational situation, when the other passengers are in jeopardy, should this type of conduct wevr be utilized, force. >> phil from cnbc. >> hi, phil. >> do you say this is an isolated incident? you say you heard from other employees. do you view the airline as having a culture of disrespecting customers? >> that's a different question. i mean, there is, clearly -- clearly, i have learned enough from people out there who have contacted us that, yeah, i would say there is a culture of disrespect, of rudeness. but what's unfortunately occurred here, in dr. dao's case, is rudeness, bullying
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customers, has done the next step now. to physical injury. so i don't know if it is society as a whole, that everybody is just angry? i don't know what it is. but this was a doctor who was original asked to buy a voucher, get a free ticket or whatever, and he said, no, i have a practice. i have to go work tomorrow and treat patients, which is true. so he was singled out for reasons maybe we're going to find out in this discovery process of the lawsuit. but i don't know what they are. i already answered what i believe they aren't. the fact of the matter is, yeah, there are a lot of angry people out there.
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united customers. united employees. it is something mr. munoz and his people need to look at. because the public relations problems they have aren't just limited to this video. yes, ma'am? >> [ inaudible ]. >> thank you for your question. my dad is a wonderful father. he has raised with my mother five great children who have gone on to do great things and will continue to do great things. he is a loving grandfather. and at the end of the day, that
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is the person who we are trying to protect and take care of. thank you. >> [ inaudible ]. >> as my immediate family, and my husband and children are here in chicago, we are deeply affected by it. our lives have been interrupted, and our normalcy is not where it was on sunday morning. furth furthermore, my siblings, who all have thriving careers and are in graduate schools, their lives have been interrupted. as some of you may know, they're in the health care field. they are trying their pest best to do their job without further interruption from local media,
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whomever might be stepping into their lives right now. >> that handsome gentleman in the silver hair. >> [ inaudible ]. >> well, i think, short term, they need to -- i mean, mr. munoz said, you know, there is going to be an internal investigation, et cetera. right now, all airlines, they need to come out and figure out this overbooking situation, as it exists today. and whether that's a, how high will they go, eventually, somebody is going to say, yeah, i'll leave. they've got to figure out a way, short term, to solve what i'm calling the over overbooking situation, that we as consumers are being faced with. so i think that's the biggest problem. i don't think anybody has to
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tell any airline, any police force, to not do what we all saw on the video. i think in the short term, that'll never happen again. i'm hopeful. >> as a follow up, do you see d. [ inaudible ]. >> it includes mental, emotional, physical injuries. yeah, we don't know the extent of them. so i have no clue where that is going to lead us, as far as dr. dao goes. again, i stand here and i say, i hope he makes a full and complete recovery. that's the hope. but the fact of the matter is, these elements of damages, the airlines need to be aware of. because if they continue to physically abuse us, that's
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going to be problematic. yes, ma'am? and you are? >> [ inaudible ]. >> i missed that all together. >> [ inaudible ]. >> that's not helping their pr image either, is it? no, that's ridiculous. what would his conspiracy be? to do what? >> would you talk about the city's response? you talked about united response. what about the city and the airport's response? >> i understand there is going
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to be in the chamber of the alderman today a discussion with the aviation department people. i have not heard a response from the city, so i don't know what their response is. it can't be good. >> was there a point where your client would have -- >> you are? >> cbs. >> i know. >> is there a point -- not to take away from what happened at all, but many people have asked, what if he'd just complied with the officer? at a certain point, was there a moment where he could have complied with the uniformed officer who was asking him to get off the plane? >> could he have? >> could he have? >> yes, he could have but he needed to get home. he is a physician. he had patients to see the next day. he didn't want to get up and comply, be sent home on a -- i think the flight was 3:30 the next day. no, that was not good. his wife, by the way, is also a
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physician. she also had patients to see. >> yes, ma'am? >> [ inaudible ]. >> i missed your question. >> [ inaudible ]. >> to strike, hit? >> yes. strike law enforcement. >> never happened. i think many of you might have seen the second video of the 19-week-old -- i mean, 19-week pregnant woman behind dr. dao. ms. cummings with her 2 1/2-year-old sitting on her lap. and you can see dr. dao not striking anybody, trying to
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strike anybody. he just wanted to go home. yes, sir? >> cnn. can you give me some of the reactions you've gotten from people who were on the plane? just about their visceral reactions to what was happening as it was going on? >> they couldn't believe it. they couldn't believe it. now, i note d yesterday, i gues, that united is paying each of the passengers on that plane their full fare. and one wonders why they would do that. but i can tell you it's not going to keep these people quiet for what they observed. ms. cummings herself, who contacted us, said it wasn't until these three guys came and violently took him away that she
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was fearful for her own safety. and when passengers see this scene, if you will, i don't know what they were thinking, but i know the ones that have contacted us were concerned and worried. my word again, angst. >> when you saw the three apologizes, how did you feel about the apologizes from united? >> the apology? i thought it was staged. i thought it was, you better get out there and correct what you said originally. i think you ought to make it sound like you mean it. i didn't get that feeling. you are? >> what is it that you want united to do? and [ inaudible ].
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in that moment, what was going through your mind? back yourself out of the corner and -- >> i think i've answered that question. i told you what he was feeling as he was being dragged down. what do we hope united does? the right thing. obviously. i think the whole culture has to change. i think, boy, what was the name of the movie, planes, boats, trains, automobiles with steve martin. anybody remember that? he has his encounter with the lady at the counter. it was a rent a car person. it's really funny. and what we want, we don't want that anymore. we want, whether it is a rental car company or a grocery store or a -- it doesn't matter. our doctors, our health care providers. dr. dao, by the way, has four children who are doctors.
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it's service. it's service. and it should be service with a smile. and it should be, as i mentioned, i think they have to stop the over overbooking. i think they need to have more statistics to figure out, okay, how many tickets can we really overbook? or how many seats do we have to keep available in case some crew members have to get somewhere else? >> [ inaudible ]. >> i only know what i've read. and that's the four individuals had flights from louisville taking them hither and yon the next morning. yes, sir? >> [ inaudible ]. >> we're going to keep his
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professional life -- it's not the purpose of this conference today. >> [ inaudible ]. can you elaborate on -- >> no, i won't elaborate on his professional practice as it exists today. yes, sir? >> did anybody give the order to use extreme force in case somebody didn't want to leave their seat? >> i don't. i hope no one gave that order. wait, wait, andy. yes, sir? >> [ inaudible ].
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>> yes, i do. i see a difference. because as i stated, the man suffered a concussion. he has absolutely zip, nada, memory of going back on to that airplane. not a lick of it. no, sir. yes, sir? >> a lot of federal regulations govern the passengers on the plane and the staff on that airplane. the speculations keep changing regarding [ inaudible ]. >> i don't think so. i think there has to be a regulations governing -- somebody has to have control. and it's got to be the pilot. and the flight crew have to follow the captain's orders.
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obviously, we're going to learn, i'm sure, the captain at some point called on the aviation department police force to come in and do that, which mr. munoz said yesterday will never, ever happen again. yes, ma'am? >> [ inaudible ]. >> no. class action lawsuits are a whole different breed, and i don't believe this will be. i'm hoping, i'm hoping that dr. dao is the only one who has ever been so physically, forcefully, violently removed from an airplane. i'll be shocked if someone else surfaces. yeah? >>. [ inaudible ].
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>> i think airlines try to do this routinely. that is, all issues of overbooking are usually done at the counter, outside the jet way to the plane. so it's, thankfully, few and far between, where after everybody is seated, then the removal begins. so i don't -- i don't know that the united employees did anything wrong. i don't know why it took until after everybody was seated for this to unfold. again, i've told you, i've gotten so many inquiries from
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people, and people in first class, recently, united airlines, were removed and they were -- this is what they were told. first class passengers. someone more important needs this seat. and they were kicked off the plane. first class. frequent flyer. miles plus and all that stuff. red carpet club. gone. because someone more important. so i don't know. i don't believe there's -- i think it is a case by case. maybe it's case by case. i don't know if there are any standard procedures. we're going to get them if they exist. yes, sir? >> i'm from abc news. you said your father understands he has been to be the guy to stand up for everyone.
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rather than this lawsuit, [ inaudible ]. >> she doesn't know. someone asked, what else d you hope to accomplish here? i hope that's what happens. i hope he becomes a poster child for all of us. someone's got to. you know, when we're -- huh? >> is he prepared for what might come with that? >> i hope he is. i certainly will work with him on that. i certainly will be, as will steve. as will his family. yeah, dad, you're the guy. someone's got to do it. because what i've learned is most people, yeah, they're
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treated rudely, they're bullied, there's discourtesy all over the place. that doesn't rise to running to the courthouse and bringing a lawsuit. so it took something like this to, again, get a conversation going. and i think it will continue. yes, sir? >> by faa law, the airline is allowed to offer up to $1350 to get a passenger to voluntarily leave. what was the final amount they'd offered dr. dao? what was the final offer they made? >> i think it was $800. $800. >> really, they didn't do enough to -- they did not offer enough to get him to voluntarily leave. they could have offered more. >> they could have offered $3,000. he and his wife needed to get back. okay? so they weren't the ones. but there were -- you have to figure, i don't know, $1300?
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yeah, i'll go tomorrow afternoon. maybe somebody would have done that. we'll never know. >> to clarify what you said earlier, mr. munoz from united, you said you did not speak with them. they have not reached out? >> they have not reached out. i thought we were clear. >> in the interview with abc news -- >> i'm saying he misspoke. >> did not leave a voicemail, did not call? >> exactly, yeah. is that clear? he did not. or did his people. so that's fine. i have no quarrel with that. i have no quarrel with that. >> do you want to hear from him? >> not really. i saw him. i saw him yesterday. >> would it change something if he called the dao family or dao himself? >> i don't know what it would change. >> you want him to? >> not really. i'm not looking for a telephone
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conversation with mr. munoz, okay? i don't believe it'd be fruitful. i'd rather him spend his time changing the culture of united airlines. by the way, his public apology to the family, we accept with gratitude o kay? but i don't need to -- >> you're saying he lied yesterday about communicating -- >> that wasn't my word. i said he misspoke. i don't know. maybe he thought he did. i don't know. but he did not. somebody who hasn't -- >> will this be in federal court or state court? >> you are? >> sorry. bloomberg. when do you plan to file the suit? >> when our investigative work is done, we will file suit. i don't really have a clue when that'll be. it's true, we have two years to file it. i promise you, it won't be that long. but it will be filed in state court. circuit court of cook county.
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yes, ma'am? >> the daily herd. c -- herald.dao on the flight wi him and had she been asked to give up her seat as well? >> i think -- yeah, i guess, as a couple, they were asked to do that. anything else? >> obviously -- >> wait, wait. >> can you follow up on that? can you clarify? previous reports said that dr. d dao was the fourth passenger asked to comply. was he alone or was his wife asked to get off the plane? >> i don't know how it occurred. i do know that one husband and e wife would not have left each other. so -- >> there's been all the talk about how [ inaudible ]. pointed out his wife was on the plane with him and had to get to
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her practice. >> i don't have an answer for you. i'm sure he did. yes, sir? right there. >> thank you. can you tell us -- >> you have to give your name again. >> "new york times." can you give a time line for the day? leaving chicago, [ inaudible ]. >> dr. dao is in a secure location. i must tell you, i can't tell you where he is because you guys are really good at what you do. you know, our plea is, please leave the guy alone. really. let him go. >> can we anticipate him speaking about this? >> say it one more time. >> can we anticipate him speaking out about this at all? >> yes. i pledge to you that will happen, but not now. okay? wait a minute.
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wall street journal, as i recall? >> yes. can you tell us where he and his wife were coming from and how long they'd been traveling? and also, was there a connection [ inaudible ]? >> my dad was making a connection flight in chicago from california. >> vacation or business? >> vacation. >> anybody over here i'm ignoring? >> back here. >> didn't mean to. >> abc 7 chicago. you said, jt a clarification here. you said you wholeheartedly accept the apology from united, but yet you say you think it was staged, as well. >> yeah. i think his people, pr people, say, we're taking a beating here. i mean, united has been taking a
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beating. okay? and that's not our role, to beat them up. our role is just to let the system work. okay? but they have been taking a beating. i think, yeah, he was told, get out there. go out on national -- he picked "good morning america." okay. i'm sure he would have picked charlie rose if he could. the fact is -- >> [ inaudible ]. >> i'm sure. so he was sought after. and he had to get out. he had to apologize, really. think about it. look at the video. i mean, even our president, last night, said, that was horrible. spicer said it. anybody that looks at it says it. >> so how can you accept a
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staged apology? >> it's the right thing to do. he apologized. we accept it. >> you've been listening to chicago aviation lawyer in chicago. happening at the union league club. he is representing dr. david dao. dr. dao's daughter is there. a scathing attack on united and its ceo, oscar munoz, who selected to do one interview as a result of this. tom costello has been following this with me since the moment it first happened. tom, the news coming out of this, which this lawyer who likes to talk, took a long time to get to. and that is that dr. david dao, suffering a concussion, a broken nose and losing two front teeth in the effort to get him off that plane. >> and sinus injuries and needs undergo reconstructive surgery and does not remember going back into the plane. i've got to tell you, as if this wasn't outrageous enough, based on all the video we've seen, if
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this is all accurate and true, this is just absolutely horrific behavior. as a resulting in the signature, serious injuries to an elderly man, who only accurate and true, this is serious injuries to an elderly man who said i can't get off this plane, i have to go to work tomorrow. i think what we're seeing is a turning point not only in this case, but clearly this is going to court, and i think a settlement will never go to a courtroom in terms of a attorney. as we have discussed, and we all had these conversations. airline customer service these days is often atrocious. i have experienced problems with united myself, but i have heard from so many people complaining
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about horrible customer service, and now to this low this is an egregious situation. >> in business circles, it doesn't look great for oscar munoz. this will go on. tom costello for us. coming up, trump is making new claims saying china is not manipulating their currency. we'll have more on "for facts sake." it is time for the your business trep noours of the week. seeing double? these two animal lovers launched cuden clones because they know people like them would love a huggable replica of their furry friends. now they have shipped out more than 20,000 stuffed animals. will your business be ready when growth presents itself?
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brand new segment right now called "for facts sake." donald trump said the u.s. dollar is too strong, needs to weaken a little bit. let me run this for you right now. take a look at what the dollar did against major currencies. here is what happens, it is supply and demand. if people want to buy your currency or things with your currency, it goes up. so when there is more demand for oil, the u.s. dollar goes up. they just want to be in the american dollar because it is more stable. america is economically stable compared to a lot of places in the world. as interest rates start to inch up, people move their currency, their money, and they exchange
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is for interest rates are higher. let me tell you the advantages of a strong dollar and the disadvantages. one of them is that consumers can buy more for their money. america imports a lot of sff and they become relatively cheaper. if you're buying chinese goods with a stronger dollar, that benefits consumers. it hurts exporters. american goods cost more to people in other countries. exporters suffer, as a result, u.s. jobs tend to be threatened when the dollar gets too strong. there are some advantages, particularly if you travel, it is advantageous, but if you have a weak dollar, which president trump seems to be advocates, they will pay more for goods, u.s. goods become cheaper overseas and maybe just jobs get created, maybe. i want to bring in an old friend
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of mine. diane, can you're an old friend, you can say whatever you want, take that description and tell me what i missed. >> i think the most important issue is the people that people buy the dollar and invest in the dollar because it is considered a reserve currency. that by it's nature means we'll have a stronger dollar than you would if it was just a currency of another country. also the stronger dollar allowed the other economies, like europe, to begin to recover. we have the strongest global economy that we have had in eight years. much of the runup in the dollar occurred postelection on what was called the reflation bet.
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is it something that the president should be thinking about or is this a free market, let the currency go where it may as it relates to the rest of the world's economy? >> certainly you laid out all of the costs and benefits. at this stage of the game, the federal reserve would rather have a stable dollar than a rising dollar. a falling dlar would, as you noted cause more inflation and that is smk that tomething that wants to avoid. that is what could happen if you had a rapid movement. it could be really bad news in terms of rising prices. it is a tough balance. i think it is something that the fed takes into account when they're doing monetary policy. when you have elected officials talk about where something
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should be for where it is market or gented, many thought it belongs to them, and every time they have done it and medaled in these markets, we have seen more reflection. >> you offered it in very simple terms to us. did it surprise you that he likes low interest rates and janet yellen? >> someone thatments to monosize the debt and likes debt in general likes low interest rates. i think those are consistent for him, not necessarily good for policy, i like the fact that he likes janet yellen. i would rather he not talk about her at all. so my preference would be to draw a large line in the sand. >> thank you for being with us.
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the founder and ceo of ds economics. we will do this regularly for you to break down the issues that are important for you to understand. there are big discussions going on at the white hou and capitol hill. kristen well'ler spends a lot o her time there. >> lots of flip-flops and lots of headlines to get to today. coming up with, dictator denial. bashir al assad talking out for the first time since the chemical attack that killed dozens of civilians. >> there was no order tore make any attack. we don't have any chemical weapons. we gave up our arsenal three years ago even if we had