joe: i am joe weisenthal. if you are tuning in live on twitter, we want to welcome you to our closing bell coverage every day from 4:00 to 5:00 p.m. eastern. scarlet: we begin with market minutes. i think we can call this a genuine selloff. it has declined at least 0.7% for the dow and s&p. for the dow and s&p, the biggest decline since september 2017. it has been a while. joe: it counts. scarlet: a big mover here was treasuries. the treasury yield on the 10-year moves up. we saw stocks decline. we will get into the rates market on and a little bit. there were individual names moving around a bit. let's start with the big m&a news of the day. dr. pepper-snapple. the biggest shareholder of the company, which is private. terry green mountain is private. it is a complicated deal here but we are talking about an $18.7 billion deal, in which dr pepper snapple shareholders will be paid. it is a cash deal, as well. speaking at some of the companies and the food space, we're looking at dunkin' donuts down about 2.4%.

-joe: yeah. lemonis: and how much equity does joe have? -giordano: 25%. -joe: yeah. lemonis: typical day, how much do you sell here? giordano: three hundred a day maybe. lemonis: three hundred a day? giordano: we break even after that. lemonis: and how do you buy inventory if you have no cash left? giordano: joe was able to open our first credit card. -lemonis: how much is that? -giordano: fifteen thousand. lemonis: and how much do you owe on it? giordano: eight thousand. lemonis: so you bought your inventory on a credit card? giordano: yes. no interest. joe: i don't think he thinks things through. i think he just buys stuff and doesn't, you know, budget himself accordingly. -lemonis: but super talented? -joe: yes. -giordano: can't have it all. -joe: he's an artist. couldn't let him just close up shop and quit. after all the time and all the effort and all the money he put into it, you know, i just believed in him, and he's a friend. lemonis: joseph, thank you, buddy. -joe: thank you. -lemonis: i appreciate it. -joe: it was a pleasure. -lemonis: nice meeting you. -gi

it's game over. >> joe: thousand about stefon diggs? he had two in wik one against the saints and had eight touchdown catches on the year and the biggest catch and run of his life. a fifth round pick from maryland. we are still waiting for the last snap. this is just kind of borderline ridiculous. >> troy: one the two-point conversion. >> joe: here come the saints back out. of all people, thomas morstead, who we have watched gasping for air and clutching his chest, is going to come back out and line up. he is lining up on the defensive line. pat shurmur, who is likely headed for a head coaching spot. if you believe the rumors, either arizona or the giants. but he will try to coordinate the offense for a date with the eagles and as i said, a terrific defense in philadelphia. the chant led by the new hero, case keenum. the most anti-climactic moment in the history of the nfl. four lead changes over the final 3:01. diggs, keenum, the heroes. the vikings are moving on. here is one of the best plays in the history of the minnesota vikings in

joe: that is pretty impressive. big picture, i think in our minds, new year is a time to reset coming years resolutions and stuff like that. the market is like it just didn't matter at all. >> people had this mentality year, you needw new leadership, we have the steady grind higher, tech is probably going to lead again. joe: i know we are only three days into the new year, but is there anything we can say about it yet? >> the fascinating thing is the massive commodities rally. the rapid increase in commodities, the futures , energy, index materials shares are in the lead early in the year. obviously the dollar is on everyone's mind right now along with the flattening yield curve and the linkage between the two. a lot of handwringing going on this year as far as the relationship between yield differentials and the dollar, not really following some of the old textbook things that people look at. for now, it's really very much of commodity striven story in both the stock market and commodities market. be demand ledd be

joe: i'm joe weisenthal. julia chatterley is off. scarlet: stocks rising after banks kicked off the fourth quarter earnings season. the u.s. two-year yield topping 2% for the first time since the financial crisis. joe: the question is what'd you miss? scarlet: the tax bill fueling the spotlight in banks earnings reports. jpmorgan and wells fargo will meet a bigger windfall. how will they divvy up the bounty? the stakes in reaching an immigration deal got higher. president trump's controversial remarks at a bipartisan meeting is raising the risk of a government shutdown at the end of next week. mark zuckerberg's about-face is calling facebook. shares falling on the drastic position to ship its newsfeeds back towards friends and family posts. what'd you miss? bank earnings season kicking off with jpmorgan and wells fargo the first up to bat. jamie dimon undressed the impact of tax cuts on the bank during a conference call. >> it's the effect of retained capital and increasing competitive american companies that will drive jobs and wage

i bet what joe kernen carried out yesterday was a top five moment for him joe joins us now with a bit of a preview of what else we can expect some huge market moving news yesterday on the dollar. big headlines on tpp we look forward to the full interview at 6:00. >> yes i do, too. you know, you get older, wilf, every day is new i'm looking forward to the interview. no, i remember almost all of it. seems like a while ago already, but it will be good. the president tweeted it out so maybe we'll have some new viewers. looking at my twitter feed, they're like what's cnbc these are some of the trump viewers that we hope to bring in now. >> of course >> there's 46 million, not all of them are watching at any given time >> we also hope to bring in fans of clinton and bernie sanders as well but you're right, today we will attract the other side >> wilf, wait a second hold on. wilf wilf relax. down boy >> i'm just saying, all viewers are good viewers >> the viewers that are on this twitter feed responding to the president's tweet, a lot of them are a far cry from fans. you know what's out ther

joe: and i am joe weisenthal. the s&p extending its winning streak for a fifth straight day. hojoe: the question is, what you miss? do they also point to inflated prices. farmers are hoping to reap the benefits of their support for president trump, who is said to address the american farm bureau federation's annual convention in nashville in about 30 minutes.will bring you his remarks . too much of a good thing could be hurting apple. arebig shareholders concerns about children becoming addicted to the iphone and they want apple to do something about it. julia: what'd you miss? goldman sachs financial conditions the easiest condition since 2000 after a big run-up in u.s. stocks. now, fed officials are starting to wonder if they will need to address asset prices in order to avoid overinflated consumer prices at some point in the future. joining us is matt vogler. great to have you on. we have talked about this endlessly. that the conditions continue to ease in the face of federal reserve rate hikes. go, theyoint do

joe: i am joe wiesenthal. if you are tuning in on twitter, we welcome you. we begin with our market minutes. u.s. stocks closing at record highs. the dow, s&p and nasdaq climbing to new records. i know, i know, broken records. yesterday., earnings helping to drive these new gains. certainly was not on the gdp report, which came in weaker than expected. joe: still pretty solid, personal consumption was solid. the idea of the economy is coming along silently. julie: a broad-based rally today. all on the s&p 500 higher. stocks rising for everyone that fell. a good ratio. let's look at stocks on the move. not everything was raising. we have been talking about win resort and that alleges sexual harassment from steve wynn, allegations from numerous women over a period of years. and at calls to oust, the very least, investigate his actions. uber shares, renewed speculation that there might be an acquisition target. whenok further of a leg up research said it was a buyer of the stock. bombardier shares rising after it won a court victory, a ruling by a u.s. trade co

joe: i am joe weisenthal. if you're joining us live on twitter, we want to welcome you to our closing bell coverage. scarlet: u.s. stocks rally to record highs. guess what. when the government was about to shut down, they also rallied to record highs. i do not know if you can draw a link. joe: there is no link. nothing matters. stocks just go up. i don't know about tomorrow. julie: i love the absolutism of that statement but it feels so right. if you take a look at some of the individual contributors to the gains, the fangs are on the list. amazon and facebook trading at records. netflix as well as we await earnings in a few moments. amazon opening up its amazon go convenience store model in seattle that may spreads elsewhere. we were talking about that today. of the shares trading higher. and then we have -- also that shares trading higher. alphabet trends trading higher. they are looking at a restructuring working group that will seek to minimize the time needed to exit the unregulated power business. in the

joe? >> yeah, so here we are, michael schmidt, it seems that the focus based on your reporting, the people you spoke with, had to do with donald trump actually obstructing justice in the investigation itself. explain. >> there are two big buckets of mueller's investigation, one is the russia question and one is the obstruction bucket. the thing is, is that there's just a lot more things in the obstruction bucket that relate to the president's conduct than there is on russia. there's not a lot of things we know about trump's efforts to collude with russians, but there are a lot of questions about different things that he has done in office. whether it was the comey firing. whether it was trying to get rid of sessions. all of these things, the president's long-time obsession with loyalty. these are the questions that mueller really has to drill down on. and are the things that current and former white house officials who are being interviewed by the special counsel are being pressed about. >

joe: i'm joe weisenthal. julia: stocks are mixed, taking a step back from yesterday's all-time highs. joe: the question is, "what'd you miss?" scarlet: the clock is ticking clock isnment -- the ticking for lawmakers to avoid a government shutdown. week, bbtngs this expects to invest its windfall back into the business. kelly king joined us in the next half hour to tell us where the savings will go. and investors of bitcoin are strapped in for a wild ride. out whether bitcoin needs technology more than technology needs bitcoin. 2013 islashbacks to lawmakers each closer to a federal government shutdown. ofall comes down to a matter votes. speaker paul ryan is close, according to his team, but the chairman of the house freedom caucus mark meadows disagrees, saying he does not have the votes, at least not yet. we are joined by national political reporter's ideal couple were on capitol hill with the latest. take us through how many votes we think we've got here, and how many, are we talking about a five-day push b

joe: i'm joe weisenthal. julie chatterley's operative. scarlet: we are 30 minutes from the close of trading. scott -- stocks resume rallies. joe: the question is, "what'd you miss?" scarlet: the white house -- the white house pushes taxes back into the headlines. treasury secretary steven mnuchin, appearing at the white house to talk about the tax overhaul. the nation's biggest private employer, walmart, has raised its minimum wage to $11 an hour and given its employees a one-time bonus. equity rallies and records of 2018 dress on after a respite yesterday. but our by you asians looking peaky? economic and market risks of 2018, with that hyman, the ever core chairman. global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. -- "bloomberg markets." treasury secretary steve mnuchin visited the white house press briefing today. for more, let's bring in bloomberg national political reporter sahil kapur were on capitol hill. his message was really one of implementation, how the administration worki

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joe: i am joe weisenthal. julia: the s&p 500 index is adding to its winning streak, up for a six to straight day. joe: what'd you miss? stepet: china takes a toward opening its financial markets. step toward opening its financial markets. should investors be concerned? the health-care industry navigates the aftermath of the tax overhaul, including a repeal of the obamacare individual mandate. insightins us with his from the jpmorgan health care conference. and prime minister theresa may is looking to hit the restart thisn in the new year, but is backfiring, which is, locating the next stage of brexit talks. julia: what'd you miss? the people's bank of china surprised the market today, by trump -- by removing a hurdle to the influence of market forces. the central bank governor is approaching its end. long-term reforms are looking to get back on track. joining us is bloomberg's chief economist. great to have you on the show. is this progressing with reforms, or is this an opportunistic move, based on market con

joe: i am joe weisenthal. julia: we are 30 minutes from the close of trading. joe: the question is, what'd you miss? scarlet: senator orrin hatch, the longest serving republican senator in u.s. history to retire at the end of his term. how much will the economy grow now that the tax cut is a done deal? thiel reportedly bitcoin,bank on criminals are loading up on a privacy coin called manero. julia: we are back. i am so excited. the republican party is about to light up in utah. sender hatch has held office hase 1976 -- senator hatch held office since 1976 and will not seek reelection. this could open for a move for mitt romney to submit his bed. -- his bid. reactll president trump with having to share washington with his old foe? give us the details on this. we were talking earlier about tensions between mitt romney and the president between the election campaign. would it really be a problem, going forward? mitt romney and president trump have been at loggerheads for several years now. republicans were urged to go to great lakes when it looked like it was all

joe: i'm joe weisenthal. the 10 year yield touching a three-year high. what'd you miss? the clock is ticking to cobble together a short-term spending bill, president trump reaching across the aisle, but disagreements remain. democrats are standing firm on their demands. tom perez of the democratic national committee joins us in minutes. a scorecard of the first year in office through the etf. what'd you miss? possible progress on a last-minute deal to avert a shutdown. chuck spoke with reporters after returning from a meeting at the white house with the president. >> we had a long and detailed meeting. we discussed all the major outstanding issues. we made some progress but we still have disagreements. the discussions will continue. scarlet: on capitol hill with the latest, senator schumer said we made some progress. what does that look like? >> no breakthroughs at this point. the main issues remain, how to fund the government in terms of what number there should be four discretionary spending, an ,ncrease as the pentagon gets and the daca program is the main issue. a ha

joe: and i'm joe weisenthal. julie: assets are posting is the biggest decline in the major averages. joe: but the question is, "what'd you miss?" scarlet: steve mnuchin's endorsement of a weaker dollar to boost exports set the currency to a three-year low. bitcoin, it's roller coaster ride, not scaring off one of wall street's biggest bowls -- bulls. and gloom a pass loss is a win luma's loss is a win for brasilia -- resilient exports. julie: five major themes will be emanating portfolio strategy in 2018, including millennials, inflation, and automation. joining us now to walk us through those themes and risks, tom lee. good to see you. year, you look over this before we get to the specific themes driving at, the conventional wisdom think -- seems to be that we will continue to see gains that will continue to moderate. it's a this unsexy year on a macro basis. in a way, the stock market has gotten boring that way. it's not like we have had volatility or big drawdowns. big macro risks haven't emerged. in the absen

joe: we have a speech tomorrow. ?ny ideas what this be -- what the theme is going to be scarlet: -- what the theme is going to be? scarlet: america first. credits going to take for the surging stock market, tax reform, that is getting animals birds not just in the notice states but around the world. he is going to say i am the best thing that happened to you and don't you forget it. joe: and those ceo's at the dinner, they were really laying it on. tax reform and deregulation we are going to invest more in america and everything's great. its fair for him to take credit but all the ceo's are talking about the same thing. being there.es he loves to have the spotlight so i don't think he is going to say anything that is going to actually become commercial -- actually be controversial because he wants to come back next year. he would bedid say more than happy to sit down with bob mueller when the special counsel brings him in for questioning. reading between the lines, how does that actually work? visits to straightforwar

joe: i'm joe weisenthal. julie: stocks are in the green but the dollar has had a rough ride. joe: the question is, "what'd you miss?" scarlet: gdp reports speedbump for the dollar. growth seemed out of reach in the fourth quarter. harassment allegations against steve wynn taking its toll on wynn resorts. the billionaire many is denying reports he sexually harassed a number of women. another pocket of winter weather is heading for the u.s. ironically, rising temperatures around the world may be responsible for an increase in the winter cold snaps. what'd you miss?

joe, go ahead. joe: senator we heard earlier today from senator cornyn that we should expect at least two more cr's. there was some optimism coming out of the last cr vote that ultimately will see an increase on defense spending, that budget caps would be lifted. what message do you have for leadership as far as breaking the impass and getting to a larger deal to fund the federal government? sen. inhoff: but we have to do is get away from these cr's. when i started it was understood we would have appropriation bills. we have 12 appropriation bills and we have not quite -- frankly there is a partisan elements of this. we have tried to pass them out and we can't get them on the floor. as you know, a minority can block them from coming up on the floor. as far as the one that has to pass, it is the for our national one defense. we have to get past the budget caps. we have to get -- i will give you an example. if we don't do anything as it is right now when we pass the authorization bill for the military

joe weisenthal: i am joe weisenthal. >> stocks bouncing off the lows after earlier gains. the 10-year still up above 7%. reins, the fede on chains the race today. confident inflation will pick up. social network set to report earnings for the first time since mark zuckerberg announced a major change to its news feed set up. and, in the cloud for microsoft, the tech giant set to report earnings after the bell this season. continuing away from the software business, will continue to drive growth. what did you miss? incidents and out rations sexual harassment and assault are prompting change around the world. one policymaker is answering that call that would define men -- for lewd behavior. the ongoing conversation about diversity in the workforce, we speak with marlene, minister for gender equality. great to meet you. come your planning to present a bill in france to tackle against women. why is it important to start with men for lewd comments and rude behavior? >> think it is the same thing. i think it is rape culture so it at the very beginning since harassment. >> give us

joe: there you go. scarlet: from new york, this is bloomberg. ♪ mark: president trump firing back against his former chief strategist, steve bannon, after bennett called donald trump junior treasonous for holding that infamous meeting with russians. in a statement president said that steve bannon has nothing to do with me and my presidency. when he was fired he not only lost his job, he lost his mind." for the first time in years, north korea has called south korea on a. they conducted technical checks. the south korean president has proposed holding talks next week . kim jong-un has called for better relations between the countries. authorities in ireland say an 18-year-old egyptian national is in custody in connection with the stabbing death of a japanese man and the stabbings of two other people. it happened just south of the border of more than island. >> we endeavor to look into the suspect's background, who they are, where they come from and why they are here. those other questions. we endeavor

caller: i totally agree with what joe kennedy is saying. we all do need to come together as one instead of going against the grain with each other. agree 100% with his speech, it was excellent. host: do you find any areas of agreement with the president? caller: i do not agree with anything this president says, i'm very sorry to say that. in clinton,o you do north carolina? caller: i currently work at food lion as a stocker. host: danny in west virginia, a democrat. hi. go ahead. caller: i just wanted to say that first off, i'm a disabled veteran and i am a democrat and have always been a democrat. -- i agreee president with everything he said. i don't say that about anybody that listens to his speech cannot get behind the president and come together as americans. host: what do you think of your senator joe manchin, will you vote for him? caller: i'm not. host: why not? caller: he is too liberal for me. karen is in desert hot springs, california. republican. caller: i wanted to let you know that i love his speech. he covered everything. i j

joe, where do you want to begin? >> i think begin with the pending government shutdown and the terrible position republicans find themselves in. as i said earlier, republicans have this incredible knack for finding themselves on the wrong side of the 09/90/10 issue -- y doing all right there, mika. >> sorry. >> are you going to blame the technician for something? >> absolutely not. i would never do that. it's all on me. continue, please. >> has somebody brought a pig into the studio. >> no, but do you want to hear -- >> no, we're good. >> i want to hear it. >> okay. alex says no. >> i think you should continue, joe, to stop this move toward the pig again. >> okay, we'll do that. >> let's talk about the president. mika, try to keep your eyes from bulging out while i'm speaking. as your father would say "very important talks of mine." >> i'm listening, you're fascinating. >> that was not convincing. >> mika! have you heard my most fascinating of comments? here they come. no bulging eyes, no stories about pigs, please.

host: joe manchin some of the lawmakers, -- joe manchin some of the lawmakers, fundraisers. this is coming on the eve of president trump's first year in office. he postponed a trip or he was going to hold a fundraiser with donors. he says he is going to stay in washington until the continuing resolution, a short-term funding measure passes. in thebeen stalled senate. the house passed the measure last night. let's see what ann has to say. independent. caller: hello. host: go ahead. caller: i want to follow up on what joe said about what can president trump do. am leaningendent, i more and more to the conservative republicans, that president trump has his heart in the right place. he is trying to do the right thing, and the congress is entrenched by people who make their living from being politicians. they don't want their applecart upset. i would include lindsey graham in that. they are trying to maintain their positions without thinking what is the best for american people, people like joe come a who are being undercut by these illegal aliens. i think it is absolutely wrong

it was very import for joe johnston, sam's best friend, to have sherman tell the press how joe johnston was such a difficult foe. they actually became quite close after the war. there are pictures of them going through maps of georgia and asking, i did this, why did you do that? if each can make the other be accepted as a military genius, think how much better that makes them look? sherman because he beat a military genius and johnstons because i stood up to a military genius. also that they went out and found testimonials from friends and allies of the don't you agree that i was right at this location and the other guy was wrong? they collected these things. sam showed us letters yesterday that are samples of those kinds of those kinds of things. they sought to find support for the public resurrection for public protection of their names and their honor in the 19th century that they would have found important. these played out not just in newspapers and literature of the day, but when buell and johnson got together and asked each of them to provide some information. they didn't just pr

joe: i'm joe weisenthal. we are close to the close of trading. the question is, "bloomberg daybreak: australia." -- what you mess? herlet: white house economic can -- gary cohn says the government may be pushed back. drilling far and wide. the trump administration proposes to open almost all u.s. coastal waters to oil drilling, sparking environmental concerns. we get first-hand insight. a hiring cool down in the u.s.. as the economy added fewer jobs than expected, what does it mean for president trump's goal of getting growth to a sustainable 3%? julia: what'd you miss? more salt on the wound for taxpayers. states like new york, new jersey, and california have been forced to circumvent state and local tax deductions. gary cohn told bloomberg tv this morning that the federal government will be collecting on that revenue, regardless of what the individual states try to do. >> i understand what they are trying to do for their cities and states, and taxpayers. we still have to collect revenue, so we are going to have to evaluate what decisions they m

welcome to "morning joe." with us we have national affairs analyst john heilemann, nicholas confessore, rick tyler, john badoritz, mike barnicle, kasie hunt, and peggy newnan. peggy, let's start with you. this book is unprecedented for many reasons. for me, one of the more fascinating parts of the book is he says things that everybody has been saying inside the white house and on capitol hill in republican and media circles, but off the record. michael wolf gets it on the record, and now the entire political world is shocked that there's gambling going on at this establishment. what's your take away? >> well, i think this is kind of a historic moment. we've never had one year into a presidency, a story quite like this. and from a man who was essentially the architect or at least the person who had a theory of the case in the 2016 campaign who helped build the sort of intellectual infrastructure of the trump campaign who said, you know, it's about nationalism. it's about a worker's party. it's populism, and now

"morning joe" just moments. . welcome back, everybody. >> we start with nbc news kristen welker at the white house, a look at the president's day ahead. good morning. >> reporter: hi, louis, good morning to you. president trump heads to camp david later today, where he'll use the presidential retreat this weekend to hunker down with house speaker and senate majority leader to plot his agenda, trying to turn his page on his ethics with former chief strategist steve bannon. there is no sign the fireworks will let up any time soon. now the president's lawyers are ramping up, threatening to sue bannon, the author and the publisher. the white house is in full attack mode, calming the book full of lice and nothing more than tabloid gossip. this morning the publisher and author are standing by their works. meanwhile, a funeral for the colorado deputy killed in what police called an ambush attack will be held today. they say zacari parrish was killed of they received report of a disturbance. they say seconds after their a

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we're "morning joe." we'll be right back. >>> welcome back to "morning joe." president trump is speaking out about north korean leader kim jong-un. in an interview conducted yesterday morning, president trump says, quote, i probably have a very good relationship with kim jong-un of north korea. i think you people are surprised t. reporter followed up. . >> interestingly, russian president putin said kim jong-un is a ma cure politician who obviously won the round against the west. let's bring in capitol hill, a reporter who conducted the interview with president trump, peter nicholas, also, supreme allied commander, the dean of fletcher school of law and tuft's university. retired army native james stavridis. gentleman, good morning. peter, let me start with you. first of all the comment on kim jong-un. did you read that as the president had spoken directly to kim jong-un or something he put out there and put up a smokescreen afterwards to create confusion by the comment? >> we were quite surprised by it. the united states does not have any relations with north

welcome, it's "morning joe." it's january 4th. i'm sorry i picked a day where there is so little to talk about. i guess we can talk about alabama. i few they were going to win. well, i guess that's about -- wait, we got a book to talk about. we also have

joe: do you have a view of where it could go? when we talk about a bond selloff, we talk about 2.8%, what is the magnitude of a potential move? >> these questions are hard because there is the near-term, knee-jerk reaction. our strategy team, long-term yields are not likely to go up that much. learnedone lesson we from the taper tantrum is that there could be a reaction in the short run before people come to their senses. my hope and expectation is that the treasury -- they have a great career staffer -- they are going to message this well. that messaging helps calm the market. scarlet: speaking of no big money --, tomorrow's , there isould be proof o talks that goldman sachs will be hawkish in its inflation and balance of risks. >> i think the fed's official line is that every meeting is a live meeting. remember exactly how many meetings i went to, but inside those meetings, there are live meetings in terms of debate and actively debating where inflation is going, how sure are we on the forecast? that is critical in setting up h

joe, wow. it feels like the most organized thing that happened this weekend was not in washington, d.c. but on the streets of cities across the country where people protested peacefully and showed their resisting and their concerns about what is happening in this country. there are signs we're reporting of a possible break in the log jam this morning, but what truly can we trust at this point? >> well, you really can't trust anything coming out of donald trump's mouth. he's proven that. and in most things he's talking about but especially here. if you just look at the tick tock laid out by "the new york times" this morning, i believe maggie wrote the article last year donald trump -- let me get the exact words, donald trump was calling d.r.e.a.m.e.r.s, these, quote, incredible kids. his staff members rushed to him and said stop speaking of them so sympathetically. it will hurt you to call these d.r.e.a.m.e.r.s incredible kids. then the president had a chinese dinner with democrats. talked once

. >>> joe watkins, former white house aide to george h.w. bush "the new pc" practical consideration" and rick tyler, former cruz campaign spokesman and co-founder of foundry strategies. with a welcome to all three of you. as always on a regular super busy saturday morning this time, right? i'm going to zerlina first. this government standoff, how much is it about politics versus policy? break that down. >> i think it is mostly about politics. but there are important policies that both sides were negotiating over. we're in a really cynical moment. republicans are trying to say democrats don't want to support chip funding. chip expired three months ago. what was holding up republicans from putting a clean chip bill on the floor. that would have passed easily. nothing. they waited until this moment when there was a crisis that was manufactured by the president by taking away daca and having all of these d.r.e.a.m.ers basically living in limbo. and they attached it to this necessary funding bill to say democrats only care about d.r.e.a.m.ers and

i witness new trang joe be trang, good morning. >> good morning, joe and rachel. ment 18, 150,000 volunteers. in additioning to these service project they'll be providing services to the community. and here to complain that is the todd bernstein who is like the master mind behind this. todd i understand there's a number of things for kid to go to get involved in the day of service. >> it's really important that it's young people know about d dr. king and his legacy and i think fewer and fewer do up fortunately. with have a kids carnival for hundreds of one people to def making civil rights mobiles and painting muriels of civil rights movement and reading bookdz about dr. king. we want them to know and we want them to not only learn but to know how they can make a difference in the community. >> somebody is at home and they really want child to be involve. can he come down here and get involved. >> they cobring their kids down here and go to hlk dave of service.org and there's projects that could use roll volunteers. >> wonderful and another thing striking to me is

i want to commend my colleague joe courtney. with has been nobody respect to the issue of kremlin foundations who has been in the forefront on behalf of the citizens of the state of the netiquette, not only in the first district but across the state, and what we are fighting as we -- what we are finding as we talk with our colleagues in massachusetts as well. we have done a lot of work on this but nobody has done more work than joe courtney. when someone takes the point of the spirit and does tireless work and is tenacious everyday, it usually results in a good outcome. joe'sbecause of persistency, and even within the context of this tax bill, and sitting down with the treasury department, and i want to commend the trump administration for their work in our work on this together, from secretary mnuchin to assistant secretary kotter, to all of the individuals involved in this effort. to give you an update, the covfefe has been some confusion, and indirectly leads into this discussion today, with the passage of the hill. there wer

there's a party at joe's house, let's go, period. now, in my mind that doesn't give any reason whatsoever for thinking that this party goer suspects, knows or believes that it is and joe's house. so i want you to tell me what's different about this case. >> what's different about this case are these facts. first it was supposed to be vacant and it was a house where the owner said-- >> put yourself in the mind of the partygoers. the police then has to be thinking about the partygoers. so, one thing as the police man knows and maybe teaches this it wasn't joe's house, that's one thing so i have to ask myself is that a reason for thinking the partygoers knew it. okay what is the second? >> the absence of us suppose that host you can name it however you want, the host wasn't even there. there wer were a legal left is happening. >> let me stop you there. didn't the person that extended the invitation, hadn't she been there and said she left to go to the store but she hadn't been there? >> there was evidence that she told the officer she'd

joe? >> yeah, kasie, what's the possibility that members of the house freedom caucus would take the bait and vote to increase, to keep the government open, even for a month? does it look like this is going to do the deal? and if it does, what's going to happen in the senate? would they go along with that plan? >> i think there's still a tightrope to walk in the house, joe. there were some earlier indications late last night that there is a significant discontent in the freedom caucus about this plan. and i know mark meadows was talking through the weekend with his members to try to figure out if they were going to take a stand here. but the challenge is, you hit it squarely. the incentives in the house are completely different than the incentives in the senate. and i think that's why you're hearing louder conversation about the possibility of a government shutdown. because paul ryan is going to have to do this with just 218 republican votes, he's written a bill that i find it hard to belie

joe? it's unbelievable. >> well donald trump does the bidding, for vladimir putin. again. donald trump tries to make vladimir putin's life easier again. we showed a clip from 2015. where he was praising vladimir putin as a strong leader for assassinating journalists and killing political opponents. well just this week, vladimir putin had a popular political opponent, dragged off the streets in the middle of a protest and taken away by authorities in the broad light of day. this is not a man who is popular in russia. this is a man who is so unpopular in russia that he has to throw all of his opponents in jail. we, we don't really know how popular he is. because political opponents that could rise and challenge him are either assassinated or locked away. let's bring in chris murphy. is chris with us? >> i'm here. >> let's bring in chris murphy. hey, senator. so much to talk about. but first, i mean we've got to ask you, what do you think about donald trump once again allowing vladimir putin

that would be some money. >> joe, a couple of questions. back on the community health centers, i think you mentioned but i didn't get it. we're working on mission and maxime hall and regards to chinatown and infrastructure improvements, are there still budgets for those or they're going to be deferred to a future bond? >> very good question. for chinatown public health center, the team is working with our consultant to better understand the seismic scope. we have learned that -- i think one of the best things to move forward with the next round of projects is to understand the total project scope. one of the things we learned earlier for both were identified as tender project when added to the bond program but since then we've had to encure the cost of the seismic retrofit. we're working with the team to identify the scope and identify other needs for that project so when we do move forward with chinatown public health center, we have a much more realistic project scope. for the infrastructure project, we are moving forward with that scope.

welcome back to "morning joe." it's wednesday, january 31st, with us we have national affairs analyst for nbc news and msnbc, john heilemann, former aide to the george w. bush white house and state departments, elise jordan is here. former treasury official and "morning joe" economic analyst, the recovering steve rattner, massive injury. >> really? >> a ski accident. and kasie hunt will be joining us shortly so get the lightning rod ready. i think we ought to try to put at least the state of the union itself in its own place. could you put that into perspective? >> i think it was a good night for donald trump, but remember, voters always grade this man on the curve. donald trump has taught americans lower expectations when viewing the reality show president. he had "american carnage" that was an inspiring speech, through charlottesville, from slandering the entire continent of africa, donald trump has earned the first-year distinction of carrying the lowest approval rating in history. but last night the "washington

joe? >> yeah. senator, earlier today, we were talking about how the republicans had treated this document, how i had accused them of trying to muddy the water to distract from what's actually in the document and what's actually been going on. can you first, for our viewers, talk about what senator grassley and other republicans have been doing and then tell us why you think it's a good idea, that all americans have had a chance to see the testimony? >> well, many years ago, during the watergate hearings, the legendary senator sam irvin said when you're going on a bear hunt, you shouldn't be distracted chasing rabbits. and what the republicans have been doing throughout this effort, the white house, republicans in congress, the right-wing media, is launching all sorts of rabbits to try to distract us from looking at the collusion between trump and russia, if any, looking at the obstruction of justice, if any, and designing legislation to protect the 2018 elections. so, way back when, when mike flynn

joe johns is live at the white house. what's the latest, joe? >> reporter: good morning, alis alisyn. the president is clearly frustrated, suggesting a sitdown interview with special counsel in the russia investigation is  an open on question, also repeating his mantra that there was no collusion, raising the question of why he wouldn't want to sit down and clear the air if there's nothing there. president trump refusing to commit to a possible interview with special counsel robert mueller. >> we'll see what happens. i mean, certainly i'll see what happens. but when they have no collusion and nobody has found any collusion at any level, it seems unlikely that you'd even have an interview. >> reporter: his remarks markedly different than this response last june after firing fbi director james comey. >> would you be willing to speak under oath to give your version? >> 100%. >> reporter: the president, again, calling the russia investigation a democrat hoax and repeating this familiar defense eight times. >> there has been no collusion. >> there's

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