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tv   MSNBC Live With Stephanie Ruhle  MSNBC  June 29, 2017 6:00am-7:01am PDT

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fascinat fascinatesing. that does it for us this morning on "morning joe." stephanie ruhle picks up the coverage right now. >> thanks so much, mika. good morning. i'm stephanie ruhle. live, where else, in our nation's capital, washington, d.c., and we're talking about the ban because it is back. the white house releasing new guidelines overnight barring certain people from entering the country and it starts just hours from now. meanwhile, let's make a deal, and i'm not talking about a game show. republicans trying to find a health care compromise by as early as tomorrow. >> we could have a big surprise with a great health care package. >> if not, will they work with democrats to fix not replace? >> if we don't reach by friday -- >> plus one-on-one. the president's chief economic adviser joins me this morning. gary cohen on health care, jobs, and what's next for american energy. we'll begin this morning
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with the countdown to president trump's travel ban finally going into effect and we are hours away from portions of the revised ban being implemented following the supreme court's decision that took place earlier this week. and we are covering every angle of this developing story. how it's going to affect you and people around the world. we have the best team of reporters and analysts on hand starting with nbc's peter alexander live at the white house. peter, as usual, i'm confused. who does the ban impact and what does it mean for travellers? >> good question. it hasn't formally been laid out by the administration but we are getting a better understanding where it stands. months after the president's initial then revised travel ban, now the enforcement begins about 8:00 p.m. today. that's with the implementation in effect. these are the countries affected. they include iran, sudan, libya, syria, somalia, and yemen.
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this 90 day, 120-day travel ban takes effect, modified relationship to someone here in the u.s. so, who does that apply to? it doesn't apply to grandparents, grandchildren, aunts and uncles, nieces and nephews. you can see the remainder of that list here. nbc news just this morning confirmed a diplomatic cable that has been provided in the last 24 hours and talks about who it does apply to. it would apply to individuals that would qualify as close family, a parent, a spouse, a child, adult son or daughter, son-in-law, daughter-in-law of individuals who currently live in the united states. so that at least for the moment is the best information we have, stephanie, about how this will be applied. obviously, refugee groups, immigration advocates have real concerns about this. there are concerns about how frankly airlines and border
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agents may not be able to have sufficient understanding of how this works as it goes into effect. they peer the potential for chaos like the last go-around be before the courts ultimately weighed in. >> let's bring in my panel. chairman of the american conservative unit, matt schlapp, president and ceo for the center for american progress, farek tan den and jonathan swan. matt, this travel ban is a big win for the president. when i look at the numbers of the nearly 13,000 immigrants that came from yemen, for example, last year, they had immediate family here so they'd still be allowed in the country. we know the president loves a show, loves firing up his base. this a political win or will it move some sort of needle? when you look at numbers, doesn't seem to change that much. >> that's why i love those numbers. the attempt is to keep jihadists out of the country, keep people we can't be absolutely sure are
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not coming here to undermine our society, engage in terrorism out. it makes common sense. people have a perfectly legitimate reason to come to america like the numbers you mentioned will be able to come. >> furrowed brow. >> i'm going to go by that in general. >> furrowed brow. >> this is the challenge, which is you're calling people jihadists. >> there are jihadists out there. >> they do exist but there's not usually a distinction between being a fiance versus a wife. that's the problem with the process. it will lead to more litigation and obvious ly a feature. there are arbitrary lines that are related to someone's history of terrorism. modified relationship versus not. if you can say there's no jihadists who are fiancees versus wives that's helpful too.
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jihadists are only single. >> orphans who are single. >> never a cousin. only a fwrom. >> not a very funny topic. i've been taking 90 days to go through what the supreme court has said. they had this arbitrary distinction. they'll take 90 days, the executive branch and come out with clarifying -- >> the white house has an interpretation right now. >> jonathan, what's going to happen here? we do know the president is going to check this off, his big box and sign something like this and throw it and say he's done more things than any person in the history of the galaxy. >> that will all happen either way. >> this will all be litigate. this is temporary. what happens this evening there will be less chaos than last time. there are fewer people from all these countries coming to the united states as a result of just being kind of freaked out by all of this.
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we have a pretty vague phrase, guidance for it, it will all be lit dpated and we'll see it revisited in a few months time. >> litigated starting at the top. >> totally. >> we have furrowed brow, wet blanket and we don't know what we're going to call you yet. >> i'm not a wet blanket. >> another storying we're following right now, senate majority leader mitch mcconnell is pushing to have a new version of the senate gop's controversial health care bill by orm. >> if we don't preach agreement by friday, it's probably the end of the effort of a sole party effort for health care. if we don't, challenge democrats to work with us to find something better. >> let's go live to capitol hill where msnbc's garrett haake
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stands by. what's going to happen tomorrow? moderates say we want the tax cuts for the wealthy taken out. is that the big decider? >> it won't be the big decider but it's one of the factors. friday is sort of an arbitrary deadline, but the senate leadership feels like it's important to move quickly on this. the sooner they can get something to the cbo the sooner they can come back and maybe vote on a plan. last night we saw this steady stream of republican senators including several wofb opposed to this bill going in and out of mitch mcconnell's office to offer their ideas and their plans to try to make this better. one of the ideas that we heard from people including the foreign relations chairman, bob corker, pretty steadfast ally of the senate leadership, was this idea of maybe keeping one of the obamacare taxes, this is the investment tax, for high earners. it sort of has a political and practical implication to keep the small axe in, get a little more revenue to play with, a little more money they can use to address some of the other eschews in this bill.
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it would essentially take off the table the argument democrats have made pretty effectively that this is a tax cut for the wealthy paid for by cuts to health care for poorer people. we are hearing republicans say it's one of the things they want to take off the table. conservatives won't like that. one of the things they want to see are the obama taxes. still a wide berth before they get to any kind of agreement. >> jonathan, is that the big surprise, let's get rid of the taxes? from an optics standpoint, a conservative could say these taxes make no sense but they're there for a reason. if the choice is provide support or a safety net for the sick and the old and the poor or maybe spur economic growth by tax cuts for the rich, i think common sense would say psi ed with the poor. >> i think there's a few things here. when you talk to sources in the administration, no one in the
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last 24 hours is confident that friday is going to be the unveiling of this deal. it's an arbitrary deadline. the real deadline is the next recess. start with that as the premise. the second thing i would say is there's a basic e kwagts they're working towards. the theory of the case inside the white house, and i'll be quite crude here. you bribe the moderates with cash for opioids and other things and you give them short-term money and then you give the conservatives real reforms, things like regulation s and other things that will bring down the cost. that is the equation. we're in offer making stage. you'll see these stories with here's the latest idea, that's the overall framework happening. there will be plenty of people coming up with ideas but we should look to august 1 as the real deadline. >> a few things, first of all,
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the moderates as a tax issue are expanding the horizon of their ask. so number one, shelly moore capito, senator collins are saying this transparent bribe is not enough. they want to slash health care for poor people and low income people. the reality is this bill has been an incredible reverse robin hood and the american people hate the bill. 17%, 12%, less than congress. i don't think it's a little bit at the edges. most importantly i hope there will be bipartisan reform here. there are ideas in this bill, other ideas that moderate democrats have put forward. very easy for senator collins and others to work with democrats. they say they want to. >> much of the president's base is not the freedom caucus, not what rand paul wants, so when you look at where this is
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pulling an who would lose coverage, it's a lot of president trump's brace. if the answer is to lindsey graham's point we'll have to go bipartisan, can you see the white house come to the table and say bipartisanship means we're going to fix not replace or they wed it to replace? >> yeah. i can see the white house working with democrats and the way the senate -- >> and fixing, not replacing. >> i think the whole bill is an attempt to try to have a republican version of health care reform. there are parts where you're trying to cover people who didn't have insurance before. here's the basic theme of all the republican themes. they want to decrease those on medicaid and people say we're trying to hurt poor people. no, they're trying to get them to buy individual insurance policies in the private market. that is the republican theme. >> this idea of access and choice, if i make 20 grand a year and i'm a mom and i'm on medicaid, choice is not in my -- >> let me, plain to you.
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if you care about the poor, we should look at what the poor are saying. the poor don't actually believe that medicaid is their best health care option. the people who get the obamacare subsidy by polls that have come out, they're not satisfied with the health care they get. why don't we give them a choice they also have the ability to choose something in the private market. i bet you wouldn't want to be on medicaid. >> the poor don't care what it's called. >> they're pretty smart. they know exactly when they're getting second tier health care, which is what throwing millions of people -- >> i mean the title of it, we promise we'll replace, when i bring my child to the doctor, i don't care what the name of the program is. i want to know they can get the best health care. >> and you should be able to choose the doctor and the type of health care you get. >> this is the bait and switch. this bill has been a giant gutting of the medicaid program, separate and apart from --
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>> to get them on the private market. >> no. >> yes. >> i know you don't like the congressional budget office but it is the official referee, according to paul ryan. >> they were way wrong on obamacare. they just get things wrong all the time. >> we have the same referee back at the game. >> that's right. >> can we just say the reality of this bill, it transforms the underlying program dropping coverage for millions of people, not what obama did and the affordable care act did, it goes farther than the fraktd to take coverage away from people. that's what moderate senators are against. >> putting the policy aside and looking at the politics, i spoke to an administration source last night, one of the more cynical people you can imagine. not going to say who they are.
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>> they said mitch mitch mcconnell would not have delayed this if he thought it was going to fail. he would have brought it to the floor. he doesn't want to waste two weeks of floor time, he thinks he can get this done. there's rampant pessimism. there's a lot of people inside cynical offices who think they can get this done. >> the senate is a different place. >> okay, guys. >> love him or hate him, mitch mcconnell is a strategic beast. you have to agree. he's a strategy guru, mitch mcconnell, if nothing else. >> if he was such a genius, maybe he wouldn't have gotten us into this mess. >> we'll leave it there. >> you know what, man, we have to go to commercial. when we come back, my exclusive interview not with these guys with the white house chief economic adviser gary cohen. would the president forgo those tax breaks to get health care passed? nutritional needs... all in one. purina one. healthy energy, all in one. strong muscles, all in one.
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we're dpoipg to have a big surprise with a great health care package. >> what do you mean by a big surprise, sir? >> i mean a great, great surprise. >> that of course was president trump previewing some upcoming health care surprise, and while the president is working with congress to advance an obamacare replacement, it is also energy week if you didn't know for the trump administration. just a few minutes ago i spoke exclusively with the president's chief economic adviser and director of the national
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economic council, former goldman sachs president gary cohen. this week for you is all about energy and we're going to get to it, but what has people so energized is obviously health care. the senate bill as it stands according to the cbo report, 22 million people will end up uninsured. this thing is polling in the teens and there's campaign promises in there that aren't met. if it goes through, will the white house sign it? >> stephanie, first of all, thanks very much for having me today. when you say if it goes through will the white house sign it, as you know, the white house has been working nonstop with the senate to come up with a health care bill that the senate koul pass and we can sign. we are very actively involved. we think we're going to get to a place where we and the senate can agree on a health care bill. >> can you sign something that cuts medicaid? you yourself have said if you're on medicaid you're not going to lose it and there are people who are going to lose it, gar. >> we're going to have to see what the final piece of legislation that comes out of the senate looks like.
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we really want to get health care done. i think the president has shown you how much personal commitment he has and how much personal time he's willing to spend on getting health care done. he had the senators over the white house two dais ago to spend time talking with them, trying to help them work out their differences. he's personally involved. he wants to get this done. it's very important to him and his administration. >> he invited them over, but brass tacks, do they actually get to that much? when i look at this thing and i say, hold on a second, moderates, moderate republicans want you to cut out that you're going to have tax breaks in there, tax breaks for the rich, you're a tax cut guy. if i had to choose what i'm going to do in here, if you cut taxes, maybe that'll spur economic growth, but in terms of risk management, is maybe spurring economic growth better than protecting the millions of people on medicaid? >> stephanie, we have multiple issues that we're trying to solve. we can't solve every issue in the health care bill. we're going to tackle taxes.
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yes, we'd love to cut some of the tax that are in the obamacare bill. and that would be a great thing to do. if we can't cut them in the obamacare bill, we're still actively involved in tax and tax legislation. what we do know, and we do know this for sure, is that obamacare is failing. we know there are many counties in this country that do not have an insurer. we know that premiums continue to go up. they've been going up 30% annually. we know that people are not getting what they thought they were going to get. the president is committed to fixing this. >> if the most important thing to do is fix it and give everybody health care, is the answer that you're committed to must be repealed? because lindsey gram said if this doesn't go through, we have to get to a bipartisan place and we can only do that if it's a fix, not a repeal. so a name matters to some, but not all. what matters most? fixing obamacare or repealing obamacare? >> repealing obamacare matters and having health care coverage for american citizens matters.
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how we get there, we're willing to be flexible how we get there, but we know obamacare doesn't work so we have to repeal that. we know we have to end up in a situation where americans have access to health care. >> if i made $20,000 a year, talk about access, talk about choices, if i make there are 20,000 a year and i'm a mom, access and choices aren't even in my vocabulary, so they sound great but we have to get real. is this thing real? you have to get this through if you want to do tax reform in september. >> we are doing what we can. the president is committed. he's spending as much time as he can having meetings at the white house, on the phone, working with the senators. the vice president equally committed. we are committed to getting health care and providing health care for american citizens that works for giving american citizens the product they want, not the product that washington thinks they should have. >> given where it's polling, is that what america wants? >> america will be happy with what they give them.
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we'll have a product they can buy, a product that's going to be cheaper, a product they get to tailor for their needs. >> then let's talk tax reform. if this doesn't go well, are you getting to tax reform? >> we're absolutely getting to tax reform. >> will you if this doesn't pass? >> we're going to get to tax reform if this passes or doesn't. we are on a tax reform e agenda when we come back in september, when the august recess is over, we will be 100% engaged in tax reform. >> when i look at your proskrexs, it would be great if we had 3% gdp but that's a goal, not a libaseline. you come from goldman. you base your models on actuality, not a goal. is that lofty? is it risky? look at the kansas experiment. trickle-down economics failed there. >> we do not think that 3% gdp is that lofty of a goal. >> why? >> we're setting realistic expectations.
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if you think where we've been in the last eight years, muddling around either side of 2% gd g, we've done it in an environment where american business has been overregulated, very highly regulated, businesses have been unable to expand, banks have been unable to lend, banks have been unable to return capital. >> that's not true. >> it is true. >> banks have been able to lend. you yourself when you ear the president of goldman have said we have a stronger balance sheet than ever. banks don't have a lending problem. middle market banks have a lending problem. >> how do you get a strong balance sheet? you hoard cash. you done lend. the strongest balance sheet in the world is a cash balance sheet. >> you mean to tell me goldman sachs, jpmorgan aren't lehning? they're lending. >> they're lending to the most creditworthy borrowers in the world. you don't expand the economy by lending to the top borrowers. you expand the economy by lending to smaller, medium-sized businesses that are actually hiring people to grow their businesses. we all know that the very creditworthy borrowers in the
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world today have access to capital, access to bank loan, access to capital markets. that's not where economic growth comes from. economic growth comes from the sole proprietor that has ten employees that they can get a loan from a bank, they can go from ten employees to 30 employees. they triple their employees. that's how you create employment growth in the country. we know that. the facts are out there. small and medium sized businesses drive employment growth. >> they have not been able to get loans? >> they have not been able to get loans because the creditworthiness of those institutions doesn't score well enough for the highly regulated institutions to give them loans and they don't have access to the capital markets. >> we do need smart regulation, though, correct? >> of course we do. we're very pro smart regulation. we're not anti-regulation. we're pro smart regulation that helps the economy grow and helps create jobs. as you know, we're in job month. we've been in job month. every week of job month we've talked about one very specific item in job month.
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we've talked about infrastructure. we've talked about workforce retraining. talked about technology. and this week is energy week. these are four arias of the u.s. economy where we think we can drive -- we can drive real job growth. >> those are four arias that matter most to the american people. it would be great if the president talked more about it. later, more of our exclusive interview with gary cohn. how much of these great jobs numbers and economic data can be attributed to president trump and not president obama? it takes time for that data to find its way through the system. then we'll talk about energy. america's energy dominance. that's the white house's focus this week. what are they doing about it? but next, we'll go back to capitol hill. the first real test of the president's tougher immigration stances is up for a vote today. cracking down on sanctuary cities. for your heart...
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welcome back. you're watching msnbc. i'm stephanie ruhle. time for your "morning primeer," everything you need to get your day started. portions of president trump's travel ban go into effect today following the scour's ruling to partially uphold the executive
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order on monday. the department of homeland security says it will not ban laptops on international flights for now. instead, dhs secretary jon kelly announced wednesday stricter security measures for um to 2,000 flights coming into the u.s. every day. president donald trump will travel paris next month, accepting an invitation from french president emanuel macron. the white house says the president, quote, looks forward to reaffirming america's strong ties of friendship with france. i don't like this story, not one bit. pope france's top financial adviser faces a number of historic sexual assault charges becoming the highest ranking vatican official to be charged with abuse. pell has denied all allegations and today he returned to australia to clear his name. i love this one. thab star and a favorite of mine, stephon curry is taking his talents to the fairway, accepting an invitation to play against the pros at the elie may classic golf tournament this august.
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i think i saw some instagrams of him golfing with tom brady earlier this week, getting ready. he said, quote, he's going to try to keep it in if fairway and play well. i can tell you based on how he plays basketball, probably a pretty good golfer. on capitol hill today, congress is set to vote on two bills aimed at cracking down on undocumented immigration, one of president trump's signature agenda items. you remember the travel ban. the president touted the mesh shu measures at the white house yesterday in a meeting with family members of americans who have been killed by undocumented immigrants. >> you lost the people you loved because your government refused to enforce our nation's immigration laws. we're calling on all members of congress to honor grieving american families by passing these lifesaving measures in the house, in the senate, and then sending them to my desk for a very rapid signature. i promise you it will be done
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quickly. >> hnbc's kasie hunt joins me i from capitol hill. what can you tell me about these bills and who's affected? >> reporter: this is a package of two bills that will be on the house floor today and the first of them is athe one that you were alluding to, called kate's law, named after a 32-year-old woman who was walking with her father along the touristy waterfront in san francisco, i'm sure you may be familiar with that, shot and killed by an immigrant who was up documented, who had been deported multiple times and had previously committed felonies. what that bill would do is make penalties harsher for people who do that. so if you're an undocumented immigrant, you come back into the country after being deported and off criminal record, you would face stiffer penalties urn this law. this is honestly less controversial than other measures they'll consider today. democrats have a tricky kind of map in front of them for opposing it and democratic leaders have essentially given some leeway to some of their
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more vulnerable members of the house to perhaps vote in favor of this law. the more controversial immigration-related law on the floor today is one related to sanctuary cities. cities that essentially look the other way if there are undocumented immigrants, a number of major u.s. cities fall into this category, and that particular bill, more controversial democrats opposing that. it will essentially limit the grants in federal money in some ways you could get if you were a sanctuary city, it would let people sue the city if they were the victim of a crime committed by an undocumented immigrant. so that overall narrative again, that bill being the more controversial of the two today. >> all right. thanks, kasie. a quick break. when we return, the doctors are in. part three of my conversation with five doctors who voted for president trump, what they think needs to be in a senate bill to lower costs. before we go, which just a coup minutes into the trading day, the market is down a smidge. that's basically unchanged.
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coming off a strong day in the markets. what do you want to point to, really? gdp and the economy. getting more gdp information this morning. what's noteworthy is ip inflation. we're not seeing inflation drive up and that's bp a concern with rates moving up, people worried about inflation. when you look at the numbers, doesn't seem to be an issue today. ♪ minutes old. ♪ a baby's skin is never more delicate. ♪ what do hospitals use to wash and protect it? ♪ johnson's® the number 1 choices in hospitals.
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reaction that's good and bad to the special roundtable i conducted with five physicians all who voted for president trump. we discussed several crucial aspects of the gop's health care plan in parts one and two and we're reposting all of it on twitter right now for you. let us know what you think. today in part three, we talk about the price of health care and what need to be done to bring it down. president trump has looked at this and said this bill needs more heart. and across the board, we're hearing people say this bill is heartless, heartless. >> the more heart has to do with benefits that have been added for folks that are high risk uninsurab uninsurable, high-risk pools. i think it's $50 billion over four years plus an additional $60 billion just for folks that are too high risk to be insured in the regular individual market. >> a lot of people, there are people that cannot afford insurance without the subsidies because the premiums have skyrocketed. what we're not accounting for are the people who say i'm
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really healthy, i live healthily, i do all the right things, these premium, why don't i just save and pay for my health care with the dollars that i've saved. >> we are not going to end up with a perfect bill here. this is a start and it has to go through this reconciliation process with the senate. >> what do you say to those who say how is this going to help the poorest people? you're giving a tax break to the rich. >> it does make for bad optics. >> take me past the optics. >> the problem is you're trying to get health care legislation passed, you have 53 republican senators, you can't get to 60 actually write legislation like you did for obamacare. >> why are people dropping out of the exchanges? why aren't insurance companies leaving obamacare? >> they're still making a phenomenal amount of money. >> i'm saying if it was such a blank check, if obamacare is holy grail for insurance companies, why would so many drop out? >> also really good for hospitals. >> ow come in the medical arena nothing gets less expensive? >> because government got
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involved. in 1965, we spent $210 a year per capita on health care. in 1965 medicare and medicaid started and a huge infusion of tax dollars just started to cause all kinds of excesses in the cost. and it's never gone down. >> the pharmaceutical companies, you know, that's 12% of the total budget. a full 33% of the total federal budget, $1 trillion, is spent on hospitals, right? large, nonprofit academic medical centers are the folks that are kwlo, you know, when yt a bag of saltwater, saline in the e.r. that's a $1,000. >> or a $10 tylenol. >> what gives you the confidence this bill is the start to help getting pharmaceutical cost down? >> no one's addressed the cost of pharmaceuticals. no one's addressed regulating insurers saying if you say you oar going to provide a service, you have to provie a service. >> this bill doesn't either. if the biggest issue we face are the influence lobbyists are having and the health care
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industry, how does this bill make it better for patients in america? >> i'd like to say that the medicaid system spends billions of dollars and it makes millionaires out of hospital and insurance company executives while it gives very poor care to the poor. the lobbyists are those executives in all those administrators that's gone up 3,000% while doctors have doubled in the same amount of time. the administrators are giving big bucks to the legislators who are then writing the laws. >> interesting conversation. i want to point out a lot of people asked me on twitter medicaid, do these doctors accept it? of the five, three accept medicaid and two do not. and also i know people are so fired up, they don't want to hear someone with another opinion, but guess what? we need to hear other opinions and other viewpoints in order to get to a place of compromise and working together. if you don't understand that what they're thinking, how are you going to find the middle? stop being mad and find a solution. up next, part two of my
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exclusive interview with white house chief economic adviser gary cohn. the you didn't know, it's energy week. why the focus is so focused on creating coal job, an industry that seems like history, they want to make the future. their leadership is instinctive. they're experts in things you haven't heard of. researchers of technologies that one day you will. some call them the best of the best. some call them veterans. we call them our team.
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but why go back there, when you can stay home... ...with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%... ...a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro.
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welcome back. i'm stephanie ruhle. now part two of my exclusive interview with the director of the national economic council, gary cohn. earlier we spoke about president trump's agenda to replace obamacare. it's energy week for the trump administration, so we got to talking about trump's energy agenda and why it's so important. take a look. it being jobs month, the president has talked about the importance of the jobs number, the jobs number is great, didn't like the jobs number during the campaign, he likes it now, but auto sales are down, new home construction is down, how do you think the economy looks on the job outlook? >> the job outlook looks very good. look at the unemployment rate. look at more importantly the u-6 rate, the broader measure of unemployment. the u-6 rate since inauguration day is down 1%. that's a massive move in the broader measure of unemployment. >> obama delivered us basically full employment and to look at data besides sentiment, economic
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data, it's not real time. data since the president was inaugurated hasn't come through yet. >> data since the january 20th reading is coming through. employment data comes through daily. businesses are choosing to hire and fire people daily based on the needs of their businesses. we report jobs data and unemployment claims weekly. employment data is very, very again tent on what's going on every day in the economy. people are making hiring decisions on tayly basis. i disagree with your premise. we look at what's happened from the inauguration day in the u-6 number, 1% of people gone from partially employed or working part-time to full-time, that's a huge movement. you look at the unemployment rate, we're down in the low 4% unemployment rate, look, what we're -- >> obama did get us here. >> what we're unhappy about is there's no wage inflation. we don't see -- >> just saying we're going to get companies to bring money back here, doesn't mean they'll
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pay more. >> we agree this. this is not about repatriating money. the tax code and regulation are the two big areas we have to look at. as you know we've had hundreds of business leaders into the white house. we asked each one of them what can we do to help you stimulate job growth. the answer comes back, always in this order -- regulation first, taxes second, infrastructure third. we're working on regulation. >> the disparity between worker pay and ceo pay has never been greater. >> it's simple economics. when we start having a scarce labor in the united states an we're getting close to that, you have to get the incremental worker from another job. how do you do that? you pay them more to move to your job. that's how you get wage inflation. it's not that complicated. >> let's talk nrenergy for a minute. this is energy week. if we want america to be dominant energy force, the
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future is about clean energy. you're a proponent of staying in the paris accord and the president cho not to. you have an energy secretary who is a climate skeptic. the epa is taking the word climate change kind of off every document out there and the amou scientific advisers numbers being dropped in epa. in terms of clean energy, what is actually being done right now to create clean energy in the future? that's where money is going to get made. >> stephanie, look, we have an all of the above energy philosophy in the white house. >> you can't have an all of the above. >> we do have an all of the above. people need to understand that an all of the above is important. >> so does all the above mean the president can say to me i believe in climate change and at a rally he doesn't? is that what all of the above means? >> no. i'm telling you, if you understand the energy complex in america, and it's a huge, competitive advantage for us. when i think where our big competitive advantage is in the world today, cheap energy and energy dominance and energy independence is a competitive
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advantage for us in the united states today. but to have that, you have to embrace all forms of energy. we have a big baseline energy, electricity production in coal in the united states. we burn a lot of coal in the united states in baseline electricity today. the nice thing about coal is you can have 30 days of coal sitting at your generation plant. the risk with gas -- not that i don't love gas. i do love gas. you're subject to pipeline and pipeline interruption and the bottlenecking of the pipeline system. we need to build out our pipeline system. >> you, yourself, have said maybe coal doesn't make sense. it's not just about the environment. natural gas is cheaper. the more technological advances we get, it will only get cheaper and more attractive. so, why would the administration choose coal to hang their hat and say this is what i'm going to bet on? to say we're opening up a coal
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mine in pennsylvania. by the way, the permit was made during the obama administration but it created 70 jobs. why bet on coal? >> we're not hanging our hat on anything. >> there's a lot of talk about coal. >> we believe in all of the energy components. we believe in coal. we believe in natural gas. >> you think it makes financial sense? >> we believe in nuclear. we believe in all of the above. they're all important to the economy. if you eliminated any one of them, you would change the mix so dramatically that we would have a huge price spike. they all fit together. they're pieces of a puzzle. >> before we go, i love how you say all industries, they matter. when i think about some of the industries the white house backs the most -- coal, for example -- i wonder why. in terms of the future in the global environment, the future is the internet. stay with me. why wouldn't the white house want to say the companies to bet on, the industries to bet on, if it's the u.s. versus china, will be google, amazon versus alibaba
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and when i think about the president -- yes, you had innovation week last week -- >> by the way, we had all those people in the white house last week. >> for a visit. for a visit. >> most of them have been in three or four times. >> and ilan musk said -- >> we have a new energy council. >> ilan musk said i'm not coming back and president trump goes on twitter talking about amazon, the tacks they pay. from your perspective, isn't that what you should be betting on? not be betting on coal. that's the future. >> we're betting on technology. we've got the american technology innovation counscils. we are completely betting on technology and manufacturing jobs as well. what we have in this country, we have to have all forms of industry growing to create jobs and to create different jobs. you know, part of our jobs week
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was in talking about labor, retooling labor and educating labor. one of the most fascinating stats you have to deal with in this country is that we have 6 million unfilled jobs. 6 million unfilled jobs because our workforce doesn't have the skill set necessary to fill those jobs. so, we have to have jobs at every level of the skill set. and that's what's really important. yes, google and amazon and facebook and uber, they're looking for programmers, they're looking for people with highly technical skills. some of the people in our workforce don't have those technical skills. we still owe and have an obligation to those people to find them great high-paying jobs so they can drive our economy. >> i know we've got to go, but what about your job? do you like it? >> love it. >> you would be qualified to be chief of staff. >> i love my job. think of the opportunity i have. i have the opportunity to do something that hasn't been done in 30 years, which is reform the u.s. tax code. i have the opportunity to be involved in redoing the united
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states infrastructure, something that desperately needs to be done. i don't know how many people can sit here and tell you that they have that opportunity. >> maybe you could be fed chair. >> as i said, i can redo the tax code and i can redo infrastructure. both are phenomenal opportunities. >> you're glad you took this job, i guess. >> couldn't be happier. >> gary, thank you so much. there you have it, gary cohn, former president and coo of goldman sachs, now chief economic adviser to president trump. president trump's travel ban going into effect in a few hours. what it means for people trying to enter the country today.
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thank you so much. thank you! so we're a go? yes! we got a yes! what does that mean for purchasing? purchase. let's do this. got it. book the flights! hai! si! si! ya! ya! ya! what does that mean for us? we can get stuff. what's it mean for shipping? ship the goods. you're a go! you got the green light. that means go! oh, yeah. start saying yes to your company's best ideas. we're gonna hit our launch date! (scream) thank you! goodbye! let us help with money and know-how, so you can get business done. american express open.
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that wraps it up for this hour. i'm stephanie ruhle. right now, i don't have to send you far off. my friend, hallie jackson is right here. >> in person. >> you exist. >> love it. thank you, stephanie. thank you for joining us here. we have lots to cover this hour, including a big day for three presidential authorities, the clock ticking on all of them. one, that travel ban, crucial campaign promise going into effect, at least some of it, tonight. we'll look at the new guidelines on who can come to this country and who cannot. and the confusion some immigration experts are worried about. two, the senate scramble in overdrive on health care, another huge presidential pledge, with the gop looking to hammer out its new plan by tomorrow. new reaction today on the chances that will actually happen.
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and, three, tough new immigration proposals. the first bills on this in the trump era set for a vote today. crackdowns on sanctuary cities and new guidelines on deportations. so much to cover yet again today and our team is all here this morning. we want to start, though, with that travel ban and justice correspondent pete williams in our washington bureau. pete, walk us through what exactly is going to happen today and who the white house is saying will be able to come in with that connection to the u.s. what does that really mean? >> well, it's going to go into effect 8:00 tonight for people wanting to get visas in the six affected countries. the question has been how will the government define the language that's in the supreme court decision to put into practical terms when it talked about having to have a close relationship with someone in the u.s.? and we now know the answer for visa applicants, according to the state department. these are the relationships that the government says are clo


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