tv MSNBC Live With Kate Snow MSNBC March 15, 2017 12:00pm-1:01pm PDT
he was a little late. it was striking, though. katy, thank you so much. we have so much to cover this afternoon. i'm kate snow. top three stories we're following right now on this busy day. president trump just wrapping up that speech. you saw it. it was outside detroit, michigan, after he met with auto industry ceos and union leaders. the president spoke about jobs and manufacturing, saying he's going to fight to keep auto production here in the united states. we'll bring you a full report from michigan in just a moment. also bombshell news from the department of justice today. the doj is charging two russian spies and two hackers in that huge yahoo! hacking attack. you remember that back in 2014. it was the biggest data breach in u.s. history. plus, we just heard from senator lindsey graham, that's the hearing katy was talking abou speaking about president trump's wiretapping accusations. and the battle over the new republican health care plan. that's heating up. vice president pence on the hill today, trying to shore up support. i'll be talking to republican
congressman chris collins about the current state of that bill later on in the show. let's begin with president trump's visit to michigan this afternoon. we have all the angles covered starting with my colleague ron mott, just outside detroit. also with us, steve rattner, who led president trump's task force during the auto bailout. rick, msnbc contributor, reporter for "the new york times." ron, break down what we just heard. there were a few different headlines there. >> reporter: hey there, kate, good afternoon. one of the headlines is that, perhaps, donald trump is going to hitch his wagons to the auto industry to keep his base energized while we in the country see these controversies emanating out of washington, d.c. it's a pretty good sized crowd here. a lot of united autoworkers fleece jackets. they were given the opportunity to come here today, to hear from the president and get paid while being absent from work. it's unusual, perhaps, for a republican president to meet with labor union leaders here in the auto industry, particularly
also met with some of the auto company executives as well. he did mention general motors making a big announcement today. donald trump as a candidate talked about bringing jobs back. here's what he said had doing that in his first 7 1/2 weeks sdmru see what's happening. plants are coming back. other plants expected to be built in other countries are not being built. i want to tell the leaders, they made some very wise decisions. very wise. very wise. some plants that were announced are not going to be built. they're smart. we're going to stand up to foreign cheating. we're going to crack down on currency manipulation. and, yes, we're going to use the full economic powers of our country to protect our workers and to protect our jobs. >> reporter: now, one thing the
president also did, as you mentioned, kate, rolled back an obama administration executive order increasing the fuel efficiency standards for automakers who produce and sell cars in the u.s., which was to extend a 54 1/2 miles a gallon by 2025. he's scaled that back. that's not going to environmentalists all that happy. we'll have to see what replaces that. the president talked about a midterm evaluation where the administration will get with the auto industry to see where things are to make sure whatever regulations are passed in terms of increasing fuel efficiency doesn't affect jobs in any negative way. kate? >> ron mott in michigan for us. thanks so much. i also, as i said, we have steve rattner with us and nick. steve, you know this stuff inside/out. you were with the obama administration. you were basically, what, in charge of the auto bailout, essentially, right? you were in charge of that presidential commission. you hear donald trump speak and say how great things are right now and how they're bringing
jobs back to america. what do you think? >> well, one things aren't good for the american auto industry. we're selling a lot of cars. we're making a lot of cars. it's certainly on recovery. i do think even being a partisan, you have to say president obama deserves the credit for that. this idea they're bringing jobs back, id would quarrel with. the companies themselves said with respect to a bunch of these announcements, it was in the works. big companies don't make these decisions in six weeks. that's not how they operate. >> they have made, you know, to donald trump's credit or he would take credit for, this may have made a lot of announcements since the inauguration. do you think that's on purpose? >> i think they -- these announcements are getting attention paid to them but companies make these decisions all the time. >> they were happening -- >> he referred obliquely to a ford small car plant they're not building in mexico. the reason for that is people aren't buying small plants. >> i was looking at the numbers. i was confused about the reality of -- i would love your take on
just the reality of the industry right now. gm did make this announcement today they're going to add some jobs. they also announced back in january $1 billion investment in some jobs. i'm not sure if today's jobs are in that same pool of jobs. they also had cutbacks. last fall gm said they had to cut, lay off people in michigan and ohio. so, what is the state of the industry right now? >> i think there's a couple points. first of all n every industry there are always jobs being created and jobs being destroyed. it's whatconomists call creative destruction. you hire people and old product phased out, you lay people off. that's a normal process. we are adding jobs in the auto industry in the u.s. it's also true we're importing more and more cars from mexico. both things are happening simultaneously and it's a sign american consumers are buying a lot of cars. >> nick, politically speaking, why does president trump do this on a wednesday afternoon? >> two reasons. first of all, he's going back to his sweelt spot, his happy
place. his poll numbers are in the tank. his -- repeal of obamacare is hurting right now. in this place n that rally, he's the man. he feeds on those crowds. the second thing that's interesting is he wants to take the issue of competitiveness and turn it back on the regulations he wants to dismantle which is a smart way, i think, of trying to splilt those autoworkers, democratic constituency, from that party and keep them on his side and, perhaps, have them focus on his agenda for making their jobs better. >> let me just take a look, for a second, at what we just heard the president say on obamacare-era regulations. these are emissions regulations he was talking about. we want to remind you, these are cafe standards which standards for corporate average fuel economy. they were put forward in 2012. they would require automakers to nearly double the average fuel economy of new cars and trucks to 54.5 miles per gallon by the year 2025. the rules were praised by
environmentalists for reducing greenhouse gases and dependence on foreign oil. some automakers say it would be expensive and could depress the industry. the president just said, we're getting rid of these. he plays that as an advantage to the business. >> it's an advantage to the business. it's a detriment to the economy -- to the environment. there's no doubt these are tough standards. getting to 54.5 miles a gallon would never be easy. it would have required a lot of costs. but they are borne on consumers for the price they pay for cars. some relook at those standards would make sense. a gas tax would make a huge amount of sense. what strump is proposing is to remove the standards but do nothing else to curb gasoline use is both bad for the environment, ultimately bad for our use of energy and cost of energy in this country. >> ron mott, who's in michigan. a tweet came out from reporter phil lebeau saying, meeting with auto execs in michigan.
donald trump says of gm ceo barra, mary has to get on board and build plants in other states. is he twisting arms? >> reporter: well, i presume that he is influencing those in the auto industry, kate, but we do not have any information about what you just mentioned. he did meet with mary barra and introduced a couple of the auto executives at this rally today. we don't know the details of what they discussed. as i said earlier, he appears to want to hitch his wagon to this industry, in particular, as some of your guests mentioned. he's very popular in this part of the country. obviously, michigan, when they went to the polls on november 8th, was one of the three states critical and key for donald trump being in the white house today so, he came back to really thank these folks and get their base energized again. we don't know if this is going to return -- if there's going to be a renaissance in the auto industry. we'll have to wait and see. he leaves the impression for folks here that that's what's
going to happen. >> you spent some sometime meeting with folks, going around town, talking to people. what do you hear? i'm sure they're thrilled to have the attention focused on them. >> reporter: i think there's still a division here, as there is around the country. we spoke to a pretty small group of folks eating breakfast at the big sky diner not far from here. those who voted for donald trump on the november 8th are more committed to him oday. and likewise on the contrary, those who voted for secrery clinton or for someone else is more committed to their opposition to the president. there's still a lot of work to do to bridge that divide. as we've seen in the first 7 1/2 weeks with this trump administration, that does not seem -- that bridge does not seem to be build. there aren't any bricks or pavers going up to bridge that divide. so the country's still very divided, here am michigan, around the country. >> thanks, ron. steve, let's go back -- i think they're c.a.f.e. standards or is it -- >> you have it right. >> some people told us it's
pronounced c.a.f.e. the standards, and you talked about how environmentalists are upset about this. but what will automakers do, do you think? because consumers want fuel efficiency, right? will they still be producing cars with greater fuel efficiency despite the fact they're not held to those standards anymore? >> the problem is not all consumers want fuel efficiency. especially with gas prices down in the $2-ish range, consumers aren't even buying smaller cars, which is why ford isn't building a small car plant in mexico or otherwise. the fuel efficiency standards were designed to basically force consumers to buy fuel efficiency cars. honestly, they don't want the era of low gas prices. we'll start to see fuel consumption go up, and that will have an adverse impact on the environment as well as ultimately energy prices. >> while the president is there, the mayor of flint, michigan,
nearby, will be meeting with the president. to be a fly on the wall in that meeting would be interesting. >> reporter: it would be amazing. look, flint's water is still polluted. the mayor and her associates say they have a plan that would cost $55 million to fix it. the question s can the federal government pitch in? if we're going to build a huge wall on the southern border, can we spare some for cleaning up the water in flint? i'm sure he'll be asked that. >> thanks to you all. up next, the department of justice charges four people, including two russian spiz, in a massive attack on half a billion yahoo! e-mail accounts. one of the largest known data breaches in history. on capitol hill, senator graham and whitehouse, along with the subcommittee of crime and terrorism are holding a public hearing on russian inteerngs in our election and elections around the world.
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trying to keep track of everything happening at the justice department today is like reading two different spy novels at the same time. for starters, was the rusan government spying on up to half a billion individual e-mail accounts? the department of justice is charging two russian spies and two other hackers in that massive yahoo! hacking attack back in 2014. it was one of the largest known data breaches in american
history. and then there's the other big news, the fbi director on capitol hill today meeting with more senators as several committees ask questions about both the president's claim about wiretapping and about any links between the trump campaign and russia. right now the senate judiciary committee are in the middle of a hearing examining, quote, the tools russia uses to undermine democracy across the globe. that's their theme. this is what chairman graham said moments ago. >> what are we trying to do? the current president says that he believes that the former president, maybe not personally, but the former president through the government surveilled his campaign in 2016. as a matter of fact, today they said they're extremely confident there was some kind of surveillance of the campaign. i have no evidence of that. but i can tell you this, that question needs to be answered because i don't think it's ever been raised before. the bottom line is, a lot of americans are wondering what's
going on here. >> to help us break this down, we have a team of reporters as usual. let's start with justice correspondent pete williams at our d.c. bureau, and kasie hunt on capitol hill as usual this afternoon. pete, let me start with the yahoo! situation, if i can. you've been covering that all day today. what exactly is the justice department saying and who are they holding accountable? >> sure does sound like a russian novel. they're not saying the russians were spying on all 500,000 yao!sers but they do say two russian officers assigned to the fsb, that's the successor to the kgb, the unit in the russian government for investigating cyber crime was actually committing cyber crime by directing this hack attack against yahoo! in 2014 that compromised the attack -- the accounts of -- or compromised, rather, 500 million user accounts. now, according to the government, the russians wanted it for intelligence purposes. they wanted to get information that they could then use to spy
on specific people. many of them, it seems, russians, russian journalists, russian government figures, anybody critical of the russian government but also some americans. government officials involved in investigating cyber crime, diplomats and some unnamed white house personnel, to do what the government says. these two fsb agents hired two known criminal hackers to do the dirty work. they paid the hackers, the u.s. government says, and then the hackers exploited the information they got. the hackers, one of them anyway, used information to try to launch spam attacks, to try to divert people on other websites for commercial gain and tried to make money off it. the government here basically says the russians wanted to spy and the hackers wanted the money. >> i have to ask, if you're a yahoo! user and hearing this story, you might be a little nervous. what are people supposed to do? i know back when we heard about this hack in the first place,
there were instructions. >> right. so, the fact that yahoo! was attacked has been known. yahoo! unveiled this twice last year. there was another attack that compromised 1 billion user accounts. the government is not saying these two are linked. if you're a yahoo! user you were already instructed to change your user name and password. the indictment says the russians in part could monitor people who were changing their passwords if they were interested in spying on them and could keep up with them even if the password was changed. >> great. >> so, if you don't think you're somebody the russians wanted to spy on, then you don't need to worry. >> yeah, but if you anything -- any dark secrets -- >> to hide from the russians, yes. >> exactly. pete williams, thank you so much. kasie, let me splip to you and the other big story affecting the department of justice today. that's this wiretapping allegation that came from the president himself. senator lindsey graham, we've been showing the hearing going
on right now, the judiciary subcommittee on crime and terrorism. he seemed to indicate there would be fire works, because he was annoyed, the government, the doj in particular, wasn't giving them a lot of information. >> reporter: look, senator lindsey graham set a deadline, essentllr jim comeyo tell them, okay, are you actually investigating trump campaign contacts with russians or are you not? obviously, this has been widely reported in the press. nbc news have reported there is an investigation into trump campaign contacts with russia. "the new york times" has gone further and said there's an investigation into trump campaign contacts with russian agents. this is what graham wanted comey, jim comey, director of the fbi, to acknowledge. he also wanted information about any legal wiretaps that the fbi was doing on trump tower as the president of the united states claimed was happening. now, we know at the top of this hearing, senator graham said he
had not heard from the doj on either of these points. they hadn't gotten anything back along these lines. but graham also said there was going to be a briefing of some kind. now, graham said this was going to be with the chair and ranking member of the judiciary committee. so the umbrella committee that's over top of the subcommittee hearing you're talking about right now. it looks as though that meeting is set to happen this afternoon here at the capitol a little ways away. we're at the senate intelligence -- it's called the sciff where they have their regular weekly meetings. around 3:30 we expect jim comey to meet with senators feinstein and grassley to update them on all of these questions. of course, we also know comey has been here to brief the gang of eight. that top group of intelligence -- the members of congress who are privy to the top intelligence, as well as the house and senate intelligence committees. more broadly they receive a more narrow set of information than the gang of eight.
the question here is what exactly has comey acknowledged he's doing. has he told senators, yes, in fact, i'm conducting this criminal investigation you'v read about in the newspapers or has he not? we know democrats on the house intel have said they're happier with comey than originally. they've been going out talking to camera. we know they have public hearings starting on monday. we're waiting on senate intelligence. we think it's likely they'll have hearings within the next couple of weeks as well. >> i wanted to ask you about the house side because, as you just mentioned, the house intelligence, both the chair, the republican, and the ranking democrat member, stood together today at a press conference, which maybe i'm reading into too much into, it but i thought it was remarkable they stood there side by side and said very similar things when it came to the president's allegation about wiretapping. >> reporter: that's right, kate. they actually have been trying to get to the point where the two of them are doing these press conferences together. there have been a couple efforts that failed. so, this one finally came together. i do think they're trying to
present a united front on this investigation, to show that it is bipartisan. i do think it was noteworthy, as you point out, they do have differences of interpretation, they will say different things about what they're seeing based on their party affiliation, where they're from in the country. one thing they did agree on is that the president's tweets, when read literally about those wiretaps into trump tower and president obama ordering them, are not correct. both chairman devin nunez, republican and ranking member adam schiff said the same thing on that point. now, nunez said, okay, fine, if that's not actually the case f you're reading the tweets literally and he's wrong, what could you potentially be talking about? part of that could be what's picked up in the course of electronic surveillance. the government does surveil people they believe are foreign agents or spies who are not american citizens. there are very strict rules against cia or other intelligence agencies spying on americans. what happened with mike flynn is he got caught up in surveillance
of other officials. in this case the russian ambassador, who is regularly surveilled. his name was released to the public. that's very unusual. that is something republicans immediately said, okay, we want to investigate these leaks. one other piece of this puzzle, if there were other trump campaign officials, that's what i asked nunez about today, who were swept up into investigations because the american government were listening to other people, people they thought were foreign ents, that's potentially what this could also get at. the house intelligence committee has said, look, by friday we want to know all of the other names of american citizens who may have been swept up in these investigations and had their identities unmasked to the intelligence communities and now potentially to media. >> kasie hunt up on capitol hill. by the way, if you care a lot about this issue, you want to watch here on monday. because it's going to be a huge day on capitol hill. i want to bring in a couple
other people with us to shed some light on this. michael allen worked with republican majority of the house intelligence committee and the bush white house. nbc news national security contributor david cohen, deputy director of the cia under president obama. gentlemen, thanks for being here. if i can ask both of you, michael, i'll start with you, as former high-ranking intelligence officials, how significant, if we can go back to the yahoo! case we were talking about with pete williams, how significant is the announcement from doj today they think they know who's responsible for that breach? >> it's pretty significant that we came out with it and identified them. i mean, there's numerous things we can do to try to combat these. this is sort of a name and shame operation. we're not in all likelihood going to be able to arrest these individuals and send them to trial. but we're trying to do as much as we can to deter people from taking this kind of activity against the united states. so, when you see indictments and
maybe later even sanctions and maybe some of the other actions we've done previously against the russian in the obama administration, these are all efforts to be able to hit back somehow against this prevalent threat from russia, at least in cyber sphere that we've known about. >> you see the "wanted" poersz behind them as props. the significance of this, whether we should be terrified they were able to monitor at least or have access to half a billion accounts? >> i think the significance, in particular, is the linkage between russian criminal cyber actors and the russian intelligence apparatus, the fsb. in the indictment it is alleged that the fsb facilitated, directed, paid for these cyber criminals to conduct their activity. it's the merger of what has been going on for a long time of this
sort of cyber criminal activity along with the state-sponsored intrusions in the cyber realm that the russians are particularly good at and that we also saw, of course, in the course of our election where they were using their malicious cyber activity to interfere with our elections. i think one of the things the indictment today makes clear is that the threat from russia in the cyber sphere is quite intense as cyber criminals and the state join forces together. >> michael, we were talking -- my producer and i were talking about how this wasn't even possible decades ago. there was no cyber crime up. think about maybe the 1940s, if someone had stolen half a billion pieces of mail out of people's mailboxes. it might have been seen as an act of war. is it too strong to say this is an act of war? how does the u.s. respond? >> i think the u.s. is still trying to grapple with the cyber threat and how we can effeively deter malicious
actors like the russians and the chinese from stealing personal data, from stealing our intellectual property that in turn is used against us in the economic marketplace. just as you said, it's something we've had to -- you know, it's a new threat. it's like we have to continue as we did with nuclear weapons, to figure out over time how do we deal with other people that have such a thing and how do we get them not to use it against us for fear that we'll retaliate or for fear that we will -- there will be economic consequences? so, i think it's something we're trying to struggle with as a country, especially from russia because they're sort of maligned influence is actively checking the united states across the globe. >> david, we were talking with kasie hunt about the other big story of the day, which is all that's happening on capitol hill in terms of the allegation from president trump that there was wiretapping done by his predecessor, president obama.
i want to pay sound from the house intelligence conference we were mentioning. this is devin nunez, the republican chairman. >> i think the challenge here is is that -- is that president obama wouldn't physically go over and wiretap trump tower, so now you have to decide, as i mentioned last week, are you going to take the tweets literally? if you are, then clearly the president was wrong. but if you're not going to take the tweets literally and if there's a concern that the president has about other people, other surveillance activities, looking at him or his associates, either appropriately or inappropriately, we want to find that out. i think it's all in the interpretation of what you believe. >> so, david, this is suggesting that maybe somebody was caught up in the net, right? and happened to be a member of the trump campaign. one of the reporters, i think kasie actually asked whether it could have been the president himself who was caught somehow
in a conversation with a russian actor. they said they're looking into that. >> right. look, i think it is now abundantly clear that the president's tweets have no basis at all. and it's sort of slowly rolling out as, you know, congress is asking for, you know, proof, for some evidence that there was, you know, not even president obama himself putting the alligator clips on the wires but even president obama being involved in some fashion in a warrant for a wiretap. it seems to be pretty clear now that that was a figment of donald trump's imagination. but, more broadly, i think what's happening here is that there is -- there is something that the fbi is looking at. whether it is limited to the russian involvements in the election and their interference in the election and whether there was anyone who was assisting the russians in that
or, perhaps, some collusion between the trump campaign and the russians, there is something going on. and i think what we've seen in some of the resistance, reluctance of the fbi to answer some of the questions is, very traditional reluctance on the fbi to divulgen ongoing investigation. i know director comey is now going to testify in the open on monday. but again, that's a very difficult venue for the fbi to talk about any ongoing investigation. >> he's going to be limited in what he can say. still, it will be interesting to watch that hearing on monday. michael allen, david cohen, thanks for being with us. appreciate it. >> thank you. coming up, interest rates raised. what it means for you.
to maine. secretary of state rex tillerson is in tokyo. on his first trip to asia. one of the big topics of discussion will be the growing threat of north korea. the state department says tillerson wants to discuss fresh approaches to dealing with the communist country. he wraps up that four-day trip in china. a hearing about to get under way in hawaii against the president's revised travel ban. lawyers say the executive order could hurt the state's economy by hurting tourism and educational institutions, which recruit foreign students. there are two other hearings today on the ban in washington state and maryland. that ban goes into effect at midnight tonight. we'll break down what happens at midnight in a few minutes. up next, it's an uphill battle for republicans as they try to get the health care overhaul approved. after the break, i'll be joined by republican congressman chris collins of new york, who sits on one of the committees that recently approved the bill ♪ if you have moderate to severe plaque psoriasis isn't it time to let the real you shine through?
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ask your doctor about farxiga and learn how you can get it for free. if you can't afford your medication, astrazeneca may be able to help. . there's good stuff in this bill, but overall there are a couple of points i just can't get past. >> a lot of division still in the house about the new health care replacement bill. the so-called american health care act. to talk more about that and some other issues i want to bring in new york republican congressman chris collins. nice to see you. >> good to be with you, kate. >> as we were in commercial break, nancy pelosi sent a letter, i don't know if you've seen it yet -- >> no. >> -- sent a letter to the speaker of the house basically
saying, we hear you're going to make changes to the bill, if you make changes i want a new score by the cbo before the house votes on the legislation. does that seem like something they can agree with? >> no. they're doing anything to delay knowing we're up against a hard date because of the easter break and also the need to hold hearings on justice gorsuch in the senate. >> right. >> so, this is nothing more than another delay tactic, much like our 27-hour energy and commerce hearing was last week where we debated, you know, literally we were there 12 hours to ultimately vote on channghe name of the bill to trumpcare. this was not a serious debate at all. >> if you were to make changes to the bill, wouldn't you want to know how that impacted the assessment that was made bit cbo the other day? you'd want to know how that affected people? >> well, i mean, certainly at
some point we would get a score. but that wouldn't delay what we're doing. we're not going to be able to vote on this for about two weeks anyway. we have to get it through our budget committee and our rules committee. and i think anything, kate, we do at this point would be very minor tweaking. in fact, based on the hearing i was in, the 27-hour hearing, i'm saying it's going to be hard to change much of anything because we've got, you know -- that right between and between. the far right doesn't like, it the far left doesn't like it. anything we do to move one way or the other, there's going to be every vote we pick up, we'll lose one on the other side. so, this is -- >> as you know, a lot of republican senators are saying, there needs to be changes or it will never make it through the senate. how do you cross that hurdle? if you get it through the house and dies in the senate, then what? >> well, i think right now, because i have house members, fellow members saying to me am, i will vote for it but don't make me cast a vote on the house
version until i know it's going to pass in the senate. they're up for re-election and may have a tough district, tough re-election next year. they're asking leadership, before you put this on the house floor, we need to know it's in sync with the senate. we need leader mcconnell's input. that's a job for our president, r speaker, leader mcconnell, to comeup with what the senate will accept. that's the vote we should have in the house. ultimately it will be conferenced anyway and come back to the house. we might as well get it right on the front end. if people don't like what we have now or if the senate says it's doa, and i'm not part of the senate, they need to give us the input up. don't like what we're doing. it's not perfect. we accept you might want some changes. what are your changes? we need 50 votes. we need 50 out of 52 votes in the senate. we can put that back through the house, through our rules committee and put a similar bill
on our floor in the next two weeks. that's the give and take we have to have. >> congressman you're in lancast lancaster, new york, upstate new york, shout out to upstate new york, and i know it's because of the snow you are up there. >> my flights got canceled. >> the cbo assessment this week was not great. it said 24 million americans will eventually lose coverage in the state of new york the department of health found that more than a million new yorkers would lose their health care under your plan. what do you say to your constituents who hear that and say, what are you sdmoog. >> i don't believe it to begin with. we would be cutting the medicaid expansion from the 90% reimbursement for that silo of people that came on a few years ago to the standard in the state. that's 50%. we reimburse or are reimbursed 50% for our blind and disabled population. it begs the question, why should our able-bodied adults who are working but making a small
income, why should they be reimbursed at 90% when all we reimburse for blind and disabled 50%. i don't think secretary cuomo and secretary of health -- or commissioner would be pushing people off medicaid expansion even if we do cut it back from 90% to 50% because we have to remember, we had something called family health plus in new york. it was a waiver program reimbursed at 50%. that's where a lot of the women and children were. when we moved into the expansion, the governor pushed those people into the expansion to get 100% reimbursement. so, that's many of the people. they were already being insured under a waiver program in new york under medicaid. i, for one, just don't accept the premise that new york state, one of the most if not the most liberal state in the nation, would actually push anybody out of medicaid. just don't buy it. >> i don't have time to get into it. i know there's a difference of opinion between you and the democratic leaders of the state
of new york, the lieutenant governor to name one, has a difference on this with you. i'll leave it there for today. come back again, okay, congressman? thanks. >> absolutely. any time, kate. up next, just hours before it is supposed to go into effect, president trump's travel ban coming under new scrutiny in courtrooms across the country. a quick programming note. tonight at 6:00 p.m. eastern, senator lindsey graham joins greta van susteren to discuss the wiretap claims, the hearings he's having right now and more on "for the record with greta" right here on msnbc. ah. when your pain reliever stops working, your whole day stops. awww. try this. for minor arthritis pain, only aleve is fda approved to work for up to 12 straight hours with just one pill. thank you. come on everybody. aleve. live whole. not part. check this sunday's newspaper and save over $20 on products from aleve.
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sorry, first video here of james comey, the fbi director entering capitol hill, entering the capitol hill building. they're down in your right corner there, there's another shot where we expect he might pass by. we think he's on his way to meet with grassley and feinstein. you heard kasie hunt talking about that earlier in the hour to brief senators. this time the judiciary committee chairman and ranking members. and then as i was starting to say, it is the start of hawaii versus trump. preliminary court hearing in honolulu under way related to president trump's new immigration executive order.
the lawsuit was filed by the state arguing that key sections violate the immigration and nationality act. and joining me now, msnbc chief political correspondent, let's talk about hawaii, that's just one of many legal things happening at the same time. >> that's right, kate. there's a lot going on. hawaii is a big case because arguing writ large that the entire travel ban is actually a muslim ban. but we could put it up on the screen, hawaii is one of the states. you also have washington, california, maryland, massachusetts, new york, and oregon. so, when you fill it out, you see and obviously a lot of these are states people might think of as blue states are led by democratic officials who are leading these charges. then at the city level, mayor rahm emanuel among others, chicago, los angeles, new york city, and boston. all filing friend of the court briefs. that's local officials saying they also think this is negative these new immigration policies for their city. i'll give you a quote from rahm emanuel, the revised travel ban
is affront to american values, weakens national security and unconstitutional. of course the trump administration's argument which many legal experts say it leads stronger now that it was that they have the authority, they have tweaked or addressed the legal problems from the original ban. >> midnight tonight is the moment when everything goes into effect, right? >> that's right. and for folks who remember that initial rollout which was chaotic, this is different in many ways for starters. security officials, private companies to deal with this, the airlines. all of these other groups to actually learn about what the rules are. there was a frequently asked questions sheet. there was all sorts of extra planning which i think for a procedural level is positive in term was getting it done, legally it also helps because it cuts against the arguments they last time of well, you're not affording people any process. seen we don't know. we're not in the prediction business, but there's been a lot more ground work done so this would hopefully be less chaotic
on the rollout. it's still the big question about intent. debate so vigorously, the things that donald trump said as a candidate when he talked about religious discrimination. let's ban because of their faith. does that play in here or moved on? up next, the federal reserve hikes the interest rate by a quarter of a percentage point. so what exactly does that mean? how will it affect you? when we come back. the following ad is being condensed for your viewing convenience. so i just switched to geico. what took you so long? i know, i saved a ton of money on car insurance. that's what i'm talking about! geico also gives you 24/7 access to licensed agents! booooyah. good game, you really crushed it. no son, geico crushed it. ♪ ♪
as we've been reporting the federal reserve just raised interest rates by a quarter of a percentage point. this as we're just moments away from the closing bell on wall street. and right now, wow, the dow is up over 120 points. and there's no one better to break it all down nanna ali velshi. let's start with the interest rate hike. we all thought that was coming. >> very, very clearly telegraphed by janet yellen who is good at telegraphing these things. that's why it's a surprise that the market is up. typically they result in the market softening a little. evybody knew this was coming. noove makes sense. let's talk about it, the interest ras are up a quarter a percent. so it's in a range. they're basically around 1 3k9 which means if you're a bank's best client. you pay about 3%, that's the prime rate. none of us are the bank's best client. so it affects a number of things. mortgages are the number one thing. they're not directly tied to the fed rate, but they move in lock
step. if you've been looking at a mortgage lately and put 20% down on a house and good credit. you pay in about four and a quarter percent. the other thing are credit cards, other loans. fls you're ten years old or younger, you've been in a world where interest rates are higher and the world doesn't come to an end. let's look at a long chart of interest rates. i've gone to about the mid1970s and what you'll see there as soon as we've got it, interest rates look like they haven't moved. >> look at that. and frankly if you're living on a fixed income, or you think thing to markets a little higher than you're comfortable with.
>> don't you know about inflax. i will say this, if you have credit cards and carry balances, this is bad news for you. the average credit card is 16 and three quarter percent now. so, that's one of those things that where you have the possibility of paying off credit card debt, this is the killer. >> that's a kler. yeah. >> let's just talk about the market for 40 mo seconds before the bell comes at us. 114 right now. you said, it's surprising -- i walked over here and said what's going on. >> it was up 40 points when the announcement came out at 2:30. everybody in the world expected it. it would have royaled the markets if the rates didn't go up. i don't know what this is. >> exuberance. >> well, it might be exuberance, it might be the fact that remember kate, if you're more than ten years old, markets traded on fundamentals. now it's a lot of machines and computers and things like that. 15 years ago, why is the market up, i could point to something that happened today that would
do that. today it's really hard to do that. today, someone said, ah, well economy's good, feds raising rates. i feel good about the stock market. i'm investing. and that's why we've got a market that's high per. >> and there's the closing bell. thanks so much. appreciate it as always. that wraps up a news-packed hour for me. i'll see you back here tomorrow afternoon, 3:00 eastern. noon pacific. you can always find me on all those other places. snapchat, twitter, instagram, twitter. steve kornacki is up next. >> thanks for that. it is a very busy afternoon. i'm steve kornacki live here in new york. day 55 of the first 100 days. topping our agenda, he is back on the trail. >> the era of economic surrender for the united states is over, it's over. >> how