Skip to main content

tv   MSNBC Live With Stephanie Ruhle  MSNBC  November 28, 2017 6:00am-7:00am PST

6:00 am
someone else, i think that's one key message for giving tuesday. >> well, what a great way to end the show today. henry, thank you very much. to find out more on how you can give back, visit msnbc.com/giving tuesday. henry, thank you very much. thank you for joining us. that does it for us this morning. stephanie ruhle picks up the coverage right now. >> happy giving tuesday. hi there, i'm stephanie ruhle with a lot to cover today. starting with some high stakes. the president heading to the hill to rally the senate behind tax reform as some republicans are expressing deep concerns. >> we need more information but we'll keep working on this. >> who's the boss? the fight for control over the consumer financial protection bureau rests in the hands of one judge. as the president's choice had some tough words for the agency he was selected to run. >> an awful example of a bureaucracy that has gone wrong.
6:01 am
>> on the offense, two weeks before election day, roy moore resurface, blasting allegations against him as dirty politics. this, as the "washington post" confronts a woman who appears to dupe them with false accusations against moore. are you kidding me? >> i probably just want to cancel and not go through with it at this point. >> if that's not enough to turn your stomach, how about this? at a ceremony the president cannot resist taking a shot at senator elizabeth warren. >> they call her pochantas. >> no, they don't, not good people. we'll get to that in a moment, the president's slur. but we'll start with the tax bill. it's going to decide how much money stays in your pocket. the president meeting with republican senators and
6:02 am
congressional leaders trying to get to 50 votes. but as things stand right now, this bill might not get out of committee. i have a great team here this morning to help me break it down, starting with msnbc's garrett haake on capitol hill. all right, garrett, break this down. the budget committee voting on this today. committee's got 12 republicans, 11 democrats. even if one republican votes against it, this thing is going to get stopped up. >> it's going to get stopped up but not probably stopped permanently. there are two republicans on that committee who are possible no votes. ron johnson and bob corker are both republican senators who have expressed concerns about this bill. i was running around all day yesterday, talking to republican senators. we heard from quite a few who have problems on different ends of the spectrum with this bill, a sampling here. take a listen. >> are you going to vote for this bill? >> i don't know. we're still working on it. i have concerns on the deficit side. >> what i don't want to do is be
6:03 am
a part of something where i'm knowingly involved in making that situation worse. >> everybody admits this is a problem that has to be fixed. that's why i've encouraged it. >> so stephanie, there are maybe half a dozen senators on the fence or currently no votes on this. they have a lot of different concerns and that's what makes it so hard to get the necessary votes here. on the one hand, you have folks like ron johnson who you heard from there and the senator from montana. they want to see more generous treatment for small businesses. that cost money that this bill doesn't have. on the other side of that seesaw, senators like corker, flake. they're concerned about how much this thing costs and whether or not republicans or whoever's in charge of congress, six, seven years down the line, would have the courage to raise the rates if this thing doesn't produce the money they think it does. then there's another group of senators like susan collins and to a lesser degree jerry moran from kansas who don't like they're monkeys around with the
6:04 am
individual mandate of this bill. they've got to try to apiepease these people before tuesday. if you start making back room deals and take this out of committee process, that's the kind of thing that could turn john mccain who has been supportive of this bill so far, into someone who's not happy with the process and might once again gum up the work. so it's going to be a very busy week here on capitol hill, starting this afternoon when the president shows up to personally whip support for this bill that he and other republicans know they have got to get done. stephanie. >> back room deals are exactly what made the current tax code as complicated as it is. and the spirit of this tax cut is supposed to be to wipe out all those complications and simplify it. i want to bring my panel in. it's a good one. jeremy peters. robert torricelli. a former democratic senator from my home state of new jersey. and tara setmyer, former communications, director on capitol hill. also from the garden state.
6:05 am
i'm feeling especially jersey strong today. jeremy, let's start with you. there is a bunch of concerns floating around. for you, any of them a real deal breaker here? >> oh, absolutely. the senate is filled with 100 people who have 100 different ways of gumming up the works. that's exactly what's happening here. individual senators expressing their individual preferences or problems as it may be in this case with the bill. and one senator we didn't mention at the top of the show was james langford of oklahoma who was also saying that he has problems with how much this is going to cost over the years. so when you try to pass a bill with one party, which is what the republicans are trying to do, it's hard to envision any democrats at this point voting for it. you are going to have these kind of tight margins and when republicans around united for various different reason, it makes it all the more complicated. open right, you have people who
6:06 am
are concerned about the size of the deficit that will result after passing this bill. and then you have others who are more concerned about the fact that it will dismantle parts of obamacare, popular parts of obamacare, and various other concerns. so it's not uniting the republican party in the way that it would need to. and so the only thing you have unifying the party at this point is this -- i guess you just call it a desire, almost a myopia, to pass this because they need a legislative victory of some kind. >> except of course -- >> -- does not always beget good policy. >> a short-term win could be a devastating long-term loss and we only get tax reform once every 30 years. cbo, tax foundation, pen wharton budget model, all of them have found either one or both of these tax plans are going to
6:07 am
raise taxes for millions of americans. we know it's a clear cut for the wealthy and it absolutely won't pay for itself, which is a core principle that matters to republicans. why are republicans trying to push this through as it stands? >> there's a lot of things that are good about this tax bill but for corporations and businesses and things. when it comes to the individuals, republicans have a problem here with this. i'm old enough to remember when i was on capitol hill there were republicans that would never vote for anything that didn't pay for itself. and in this case, it's difficult to find that argument. the fact that like for us, those of us who live in states like new jersey, new york, california, it hammers the middle class. in the state and local tax deductions and the arguments over that, those are valid for people. and the republicans are behind the curve on the messaging on this anyway. if you're going to be honest then and say you don't care about the deficit any more, we're going to help people, but don't try to sit there and sell this as if it's a real republican conservative plan because overall it's really not.
6:08 am
>> then in terms of honesty in june, steve mnuchin said to the senate, steve mnuchin said to bob corker, when we present this bill, we're going to tell you exactly how it's going to pay for itself. here we are, december is on the horizon. they haven't articulated that. you've got guys like jeff flake, bob corker, john mccain who have been attacked by president trump before, sort of on the fence here. which way are they going to go? because when they say, well, the president is headed to the hill to jen up interest, they're not going to listen to president trump. in their core, they don't like him. >> it's a defining moment for the republican party. they've been riding this wave for 50 years that they're the party of fiscal responsibility, they can be trusted with the deficit. now they're about to add a trillion and a half dollars to the federal deficit, which has issues of competitiveness for america. it's passing the buck for corporate tax cut to the next generation. just stop pretending to be the party of fiscal -- if you're going to do it, stop pretending
6:09 am
that your party represents fiscal responsibility. >> i want to play part of what senator bill cassidy said about how the president can help sell this bill. >> the more people know about it i think the more they will like it. and so he has the bully pulpit, he has the tweeting ability. the degree on which he educates people on the positive benefits for the three kind of different segments we're trying to address, the better. >> i want to make something clear, bill cassidy is saying the more we explain this bill to the american people, the more the president does. i want to point something out. it's been 152 days since the white house has agreed to let me interview someone from the white house who's working on tax reform. 152 days ago, i interviewed gary cohen. since then, when the white house has been on this media tour, they have refused to give me a guest who is one of the architects of this bill. the white house continues to say
6:10 am
that the mainstream media doesn't cover tax reform. we 100% do, day in and day out. if bill cassidy thinks the answer is the president selling this bill explaining it, mozell tough, i would love to discuss it. that's not what the white house is doing. for cassidy to say the president should sell it, the president is being dishonest when he says it's not going to benefit him. it 100% is going to benefit trump businesses and the trump family. own it, say it. >> well, it would be -- if the president understood the tax reform bill, actually understood the nuances, perhaps maybe he could sell it. we all know he doesn't get into the nuts and bolts of policy. he would rather tweet random things. he just said that tweeting issed an vadvantage advantageous for the president, it's only in trump land. it's certainly not to sell the tax plan and the benefits. he's tweeting about the nfl.
6:11 am
he's tweeting insults about the media. he's tweeting about how he's his favorite president, going on a narcissistic, you know, trip he always goes on to make himself feel good. is the president really doing that, is he really using his bully bull pit for mature legislative purposes? i don't think so. at least he's going on the campaign trail, i guess, he's going to missouri tomorrow to sell the plan. when you're insulting senator warren, calling her pochantas at a navajo medal ceremony. >> i also disagree with you, it's great for the american people that the president tweets all day, all night. it's how we know what he is and how he thinks. i really can't believe we're talking about it. the president interrupting a ceremony honoring navajo war veterans to insult elizabeth warren. >> i just want to thank you
6:12 am
because you're very, very special people. you were here long before any of us were here. although we have a representative in congress who they say was here a long time ago. they call her pochantas but you know what, i like you. >> nbc's jeff bennett joining us from the white house. jeff, please. what? >> it almost defies explanation, stephanie. i mean, we know president trump had used that nickname, that offensive slur, to refer to elizabeth warren a number of times when he was a candidate. but my colleague kristen welker tried to get the white house press secretary to explain why the president saw fit to use that term in that setting during that oval office event that was specifically designed to honor the world war ii navajo code talkers. here's a bit of that exchange. >> why is it appropriate for the president to use a racial slur in any context?
6:13 am
>> i don't believe it is appropriate for him to make a racial slur or anybody else -- >> -- racial slur, so why is it appropriate for him to use that? >> like i said, i don't think that it is and i don't think that was certainly not the president's intent. >> in a separate exchange, sander also said that what most americans care about is elizabeth warren lying about her native american heritage. she's referring to an episode that happened five years ago when warren claimed some native american heritage. it became an issue during her 2012 senate campaign. elizabeth warren, as it turns out, was a guest last night on rachel maddow's show and rachel of course asked her about all this. >> all the president had to do was just make it through this ceremony and honor these wonderful people. and instead, what did he do, had to throw out a racial slur. >> and of course getting lost in all this is the honor due to those navajo code talkers, 13 of whom are still living, three of
6:14 am
home you saw surrounding the president there in the oval office yesterday. >> i want to bring my panel in. sarah huckabee sanders said most people are not offended. they're not concerned about the president making a remark like that. most people are concerned about elizabeth warren lying about her heritage. well, i did an informal poll in line at the grocery store last night and from the people i polled, they were far more offended by president of the united states who brags about grabbing women's genitals than they are about elizabeth warren mischaracterizing or even lying about her ethnicity. all right, bob, let's not have the debate on the how racist are you. at the very least, this is pure gracelessness. there's not a shred of generosity. what does it say about how president trump connects point a to point b? oh, look, i'm with navajos, guess what this makes me think of. >> there are those rare moments where things act wale should not be commented upon.
6:15 am
the tape, the words, the president's behavior speaks so much about him and who he is. it speaks for itself. the one thing that came away -- i came away thinking about the future of presidential politics is, i want to apologize in advance to elizabeth warren, but the one thing i enjoy having her insulted by donald trump is to watch the mismatch of intellect. it's the ultimate fight with an unarmed man. the intellect of elizabeth warren versus donald trump. as someone who loves language and debate, it's a fine thing to watch. >> maybe that's about a woman versus a man because you know what, we kind of have it. jeremy, what's the public reaction from this? >> i think it's just another example of this befuddlement that trump can't get out of his own way. as we've been talking about for last few minutes, this should be a moment which trump is leading on an issue that was central to his campaign, on an issue that is central to his survival of his party in next year's midterm
6:16 am
elections. yet what are we talking about? we're talking about him deny gaiting native americans at a white house ceremony. and i think, you know, usually trump is pretty good at reading a room. in this case, i just don't know any other way to explain it then he's just become so used to having yes men around him who laugh at all of his jokes and say good job, boss, what a funny tale, and he feels that he can behave this way in almost any setting because no one is going to tell him otherwise. you heard his press secretary yesterday defend his remarks, saying he didn't do anything wrong. that's what he hears what the oval office door closes and he has his advisers in the room with him. >> and then half of those advisers leak to the press how humiliated they are. i want to share the president's remarks came less than five minutes after one of the men being honored, navajo code talker peter mcdonald said this. please just watch this for a
6:17 am
moment. >> america we know is composed of diverse community. we have different languages, different skills, different talents and different religion. but when our way of life is threatened, freedom and liberty we all cherish, we come together as one. and when we come together as one, we are invisible. >> that's a contrast. those are presidential remarks. what does all of this do for lifetime republicans? we know that there are lots of conservative one-issue voters who look at all the judges president trump is putting in place. they look at neil goresuch and they say this workforce me. how do they live with this garbage talk? >> you know what, just because you can explain it, doesn't mean you should excuse it. and i think a lot of these people do that. they explain it away. oh, it's his style. oh, it's his -- and what the republican party has done and
6:18 am
what is dispaying to me is we've cast aside all decency, respectability, moral high ground, all of the things that used to define us as kpzs is out the window now because of things like this. this issue right here shows you that donald trump number one, i mean, just as someone watching him, i think he's uncomfortable in a room with minorities. he always feels like he has to throw some kind of joke in there but it turns out to be kind of an archy bunker, c-class -- >> archie bunker was a television character. >> i know. >> almost designed to exaggerate an offensive way. by the way, it was 40 years ago. >> exactly and that's who donald trump is, normalizing this in any way and squeezing it away is not good for not only our republican, for the republicans, but just for democracy in general in the united states. how low are we setting the bar? this is completely inappropriate. this wasn't some lounge act in las vegas. this is the presidency. the office of the presidency. and you're insulting people using cultural -- >> vegas, come on now, those
6:19 am
casinos failed in atlantic city. we ain't talking vegas. >> he disparaged a lot of native americans in his quest for casino licensing in different places and we know that history. >> can i combine this back to the tax question? i'll tie a ribbon around both of them. to susan collins, to corker, to flake, you got to save the republican party. >> sure. >> yesterday's comments speak for themselves. but they have something in common with the tax bill. somebody has to stand up here. susan collins, one of the poorest states in america, you now know that this tax bill hurts everyone under $50,000. that's most of the people in your state. your state just voted for universal medicaid. this has a mandate removal in it. flake and corker, you've made your careers out of balancing the federal budget, about ending this debt crisis. you're leaving the senate. will someone stand up for the united states? i've been a democrat all my life but i take no delight in the
6:20 am
destruction of the credibility of the republican party. you are going to lose all credibility. hurt your party while you're hurting the country. are there two of you, three of you, who will just stand up for the country? for christ sakes, somebody just put an end to this now. >> wow. we're going to take a commercial on that. up next, the future of the agency tasked with protecting consumers rests in the hands of a federal judge this morning. this as the man president trump picked to lead it blasts it after his first day of work.
6:21 am
i just saved thousands on my loan at lendingtree.com. in less than a minute, i found out how much home i can afford. i like how you shop for loans the same way you shop for flights online. i didn't realize at lendingtree you can save money on almost any sort of loan. i consolidated my credit card debt with a personal loan. i found a new credit card with 0% interest for 15 months. you just shop, compare, and save. and it's all free. go to lendingtree right now and start saving.
6:22 am
6:23 am
we're waiting for a federal judge to issue a ruling at any moment on a heated battle raging right now over who's the boss at the consumer protection bureau. the trump administration filed a court brief late last night defending the president's appointment of mick mulvaney to lead the agency. this is the same man who once called it a joke. at the sometime, the agency's
6:24 am
deputy director lee andra english is requesting a temporary restraining order against mulvaney. english says she's the director following the resignation of the former head. it acts as a watchdog for you, the consumer. it helps protect borrowers from predatory practices. and it was created back in 2011 in the aftermath of the '08 financial crisis. joining me now, brendan greely, contributor to the economist free exchange blog. you said president trump is right here. >> yes, let's start off with the obvious fact that mulvaney brought doughnuts when he showed up at the cfpb yesterday morning. after he brought the doughnut, his press guy tweeted out a picture of all the doughnuts having been consumed. it's a well established precede precedent, if you eat the doughnut, you endorse the director, that's how it works. >> all right, get serious. why do you think the president's right here? >> i do think from everything i've read, from receipt puttable
6:25 am
legal experts, there's a good case to be made for both sides. there's a federal statute that says the president has the right to appoint an acting director of an agency like this. there is a statute within dodd/frank that says that the deputy director becomes director. again, i've read competing legal arguments. it doesn't seem like this is an obviously and heinously indefensible act like the president. the real question is why are both sides picking this fight? there's not that much daylight among republicans about which kind of a person should lead the cfpb. it's the kind of person like mulvaney who will dismantle it. i don't understand why the president doesn't just say, okay, we don't have a director but i'm going to nominate a director right now. i'm sure the american banking association has a short list of who they'd like to be there or the consumer banking are association. and as with the epa, they put someone in pretty quickly. i don't see the senate not approving that person. then you have a real direct, a
6:26 am
statutorily approached director who will do exactly what the president wants to do. what i see here is both the president and the democrats are picking a fight because fights are fun. >> okay, they're not fun, the cfpb, does it actually get the job done? one could make the argument we need the cfpb. they're there to protect consumers. look at what they've done over the last few years. do you believe they do that or is it time for a change whether it's dismantle the group, improve the group, merge it with another agency? >> no, absolutely, stef, look, i think they've done amazing work, i think they're very valuable. before dodd/frank, we didn't really have anyone who explicitly looked after this. the thing is, this agency has been responsive, right, when you look at what they did with the payday lenders that they put into effect, right. i'm not a big fan of payday lenders. i'd rather organize an economy where we didn't need them. the cfpb didn't just get rid of them. it looked at a good law colorado put in place. it listened to comments about it. it responded to something --
6:27 am
basically copied something that already worked in a state. i don't think that's bad policy. i worry about what's going to happen when a republican appointed director gets in charge of the cfpb. that's what we should be talking about. in february or march, no matter what comes out of this constitutional crisis we have right now, there's going to be a trump appointed director of the cfpb, what do we do then? >> payday lenders, you know who's a fan of payday lenders, payday lenders. thank you so much. next, "washington post," you need to see this, reports on a fake accuser of roy moore trying to scam the paper. you will not believe who appears to be behind it all. well, maybe you will. first, speaking of roy moore, in a report over the weekend, it was revealed that part of president trump's support of moore stems from his own experience being accused of sexual misconduct. with three sources now saying the president believes the access hollywood tape is fake. last night, our colleagues at access hollywood responded. >> let us make this perfectly
6:28 am
clear, the tape is very real. remember, his excuse at the time was locker room talk. it's a small finger...a worm! like, a dagger? a tiny sword? bread...breadstick? a matchstick! a lamppost! coin slot! no? uhhh... 10 seconds. a stick! a walking stick! eiffel tower, mount kilimanjaro! (ding) time! sorry, it's a tandem bicycle. what? what?! as long as sloths are slow, you can count on geico saving folks money.
6:29 am
fifteen minutes could save you fifteen percent or more on car insurance. (avo) but you also have a higher risk of heart attack or stroke. non-insulin victoza® lowers a1c, and now reduces cardiovascular risk. victoza® lowers my a1c and blood sugar better than the leading branded pill. (avo) and for people with type 2 diabetes treating cardiovascular disease, victoza® is now approved to lower the risk of major cardiovascular events such as heart attack, stroke, or death. and while it isn't for weight loss, victoza® may help you lose some weight. (avo) victoza® is not for people with type 1 diabetes or diabetic ketoacidosis. do not take victoza® if you have a personal or family history of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® or any of its ingredients. stop taking victoza® and get medical help right away if you get symptoms of a serious allergic reaction such as rash, swelling, difficulty breathing or swallowing. serious side effects may happen, including pancreatitis.
6:30 am
so, stop taking victoza® and call your doctor right away if you have severe pain in your stomach area. tell your doctor your medical history. gallbladder problems have happened in some people. tell your doctor right away if you get symptoms. taking victoza® with a sulfonylurea or insulin may cause low blood sugar. common side effects are nausea, diarrhea, vomiting, decreased appetite, indigestion, and constipation. side effects can lead to dehydration, which may cause kidney problems. ask your doctor about victoza®. we need to be ready for my name's scott strenfel and r i'm a meteorologist at pg&e. we make sure that our crews as well as our customers are prepared to how weather may impact their energy. so every single day we're monitoring the weather, and when storm events arise our forecast get crews out ahead of the storm to minimize any outages. during storm season we want our customers to be ready and stay safe. learn how you can be prepared at pge.com/beprepared.
6:31 am
together, we're building a better california. why did you take credit card debt on? second kid. private school. medical bills. moving costs. solid ground. a personal loan from sofi is a smart way to consolidate credit card debt. certain borrowers cut their credit card interest rates 42% and increased credit scores 17 points on average. borrow up to $100,000 with low rates and no hidden fees. find your rate in just two minutes, and take on your debt at sofi.com. welcome back. i'm stephanie ruhle. time for your morning primer. on bali, the airport is closed for a second day as an erupting volcano hurls ash 9,800 feet in the air. more than 1,000 people have been ordered to see evacuate the area
6:32 am
surrounding the volcano. an faa investigation under way after two large planes clipped wings on the taxi way at jfk monday night. fortunate all no one was hurt in the incident. senator franken has returned to capitol hill, telling reporters monday he's, quote, tremendously sorry to the women coming forward with allegations of sexual harassment. an editorial for the top newspaper in minnesota out today says his apologies fell, quote, lamentably short. an aspiring actress has filed a federal lawsuit against harvey weinstein accusing him of violating sex trafficking laws when he allegedly sexually assaulted her back in 2014. weinstein has continued to deny all allegation of nonconscienen sex. any moment now, jerome powell will appear before the committee for his confirmation hearing. lawmakers are expected to grill powell on interest rates and financial regulation. and you need to pay attention to this. a stunning new "washington post"
6:33 am
report says a woman posed as a roy moore accuser. lying, falsely claiming that the alabama senate candidate impregnated her as a young teenager. "the post" reports the woman appears to be part of a larger sting operation to trick the paper into publishing the false report. when a reporter for the paper confronted her about the inconsistencies in her story, here's what she said. >> are you in contact with other people? are you in contact with the roy moore campaign or steve bannon or breitbart? >> no, not at all. you're, like, not believing me so i don't really see the point of even continuing meeting. >> yeah. >> can you believe that? reporters for the post say they saw the woman walking into the offices of project veritas, an organization that tries to discredit news outlets. this is stunning. i want to bring my panel back.
6:34 am
bob and tara. senator, project veritsa is run, if people don't know, by conservative activist, that's a nice way to put it, james o'keefe. he declined to comment to "the post" and politico reports o'keefe was commissioned back in 2009 by the founder of breitbart. is this part of steve bannon's war on the establishment? wouldn't this turn into a brilliant point if the "washington post" printed this, they were wrong and it would make roy moore's accusers, these women who experienced an awful, awful fate with him, it would make them all look like liars. >> imagine if this were not "the washington post" or "the new york times." thousands of newspapers across america today lack copy editors. it's a reporter to print. given the financial state of the industry. one cannot assume that the "washington post" is the only target of this kind of behavior. every reporter, every owner of local newspapers needs to be on guard. this is the new era we're entering into. this isn't just fake news, this
6:35 am
is manufactured news in concert with the far right to try to distort political campaigns. this is a a wave that is coming. good for the post, but i wouldn't start congratulating ourselves. >> well, shake, shame on this woman. there is this, you know, we talk about a special place in hell, there is a special place in hell for a woman who undermines the bravery, the courage, the pain, those actual victims put themselves through to come forward and tell their story. so did this sting operation, does it backfire? does it not prove that the "washington post" certainly does their homework, does it not prove that the allegations that are out there against moore are more real than doubters may have assumed? >> i think for the people who already believe the credibility of these accusers, this doesn't make a difference. >> and converse. >> great point. >> it's the echo chamber of the people who are looking to make excuses for roy moore and unfortunately there are a lot of them. including the president of the united states.
6:36 am
so this is what project veritas has done. as someone in the beginning when they first came out most famously for taking down acorn, which is what breitbart did back in the day, and the breitbart of 2009 is very different than the breitbart of today. i don't think andrew breitbart, the original founder, would be proud of what steve bannon's doing here, but they've since been discredited though on a lot of these operations. as candidates, we used to think these people were heroes. they're taking on left wing media and bias. since then, we've seen james o'keefe and his organization engage in some pretty unscrupulous entrapment-type sting operationings that have been edited in a very dishonest way to get the ruld they want and they raise money off it. i believe he made $300,000 last year he was paid to run this organization. he's already running a fund-raising operation right now off of what happened with the "washington post." so he seems to think this was wonderful, that they got "the washington post." in what world are you living in?
6:37 am
because they're deceptive for their own benefit. so in this case, i think it just -- it undermines, like you said, the real victims of people who actually went through this. it just furthers the tribalism that's going on with the republican politics i think is disgusting and we're literally sitting here trying to disprove someone that has credible allegations of being a child predator. what world are we living in? it's a world turned upside down. >> or maybe it's called for an uprising in the middle. up next, money, power, politics, my favorite part of the show, why is the trump justice department trying to block a possible at&t/time warner merger when this is an administration that wants to cut back on regulation? i want to know if we're against giant media mega power, how about looking at google and facebook. . but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory.
6:38 am
the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember.
6:39 am
6:40 am
6:41 am
welcome back. i'm stephanie ruhle. time for my favorite part of the show. a new op-ed in "the new york times" is taking a critical look at the justice department's antitrust lawsuit that attempts to block the $108 billion megamerger of at&t and time warner. the move has a lot of people scratching their heads, especially since the current head of the justice department's antitrust division said this about the deal a year ago, quote, i don't see this as a major antitrust problem. here's the question we're asking. why the change of heart? "the times" columnist brett stevens writes, quote, the circumstantial case that the
6:42 am
justice department's decision is politically motivated is compelling. for conservatives, it's a fresh reminder that the administration's pro business convictions go only as far as the president's convenience. after a statement like that, brett couldn't join us because he dropped the mic. joining me now, former antitrust litigator at the department of justice attorney ethan glass, an antitrust attorney kevin arquette. kevin, i want to start with you. you point out this is a vertical merg merger, meaning there is no present competition between these two companies. really it would enhance them both, they'd have a wider offering. >> i don't really know why they want to block it. all the things that are usually important to them in terms of the elimination of direct competition don't exist here. when you think about this transacti transaction, there's not going to be a single lost job, not a single factory closed, no assets moved overseas. >> no reason for our consumer's prices to go up. >> right, a dynamic competition.
6:43 am
and so what it's based on is an economic theory that because at&t will now own time warner content that they'll attempt to price that at a higher range to other competing cable companies and other video distributors. >> lobbying is not new to washington. whether you're talking any deal like this, you know there's going to be politics involved. that's why lobbyists make as much money as they do. even the department of justice argues that the deal violates antitrust law because at&t would likely, i want to use their words, quote, use its control of time warner's popular programming as a weapon to harm competition. is that a valid argument? >> in theory, it's a valid argument. if there is a dominate player who acquires a very important asset, that could present a problem under the laws. what i find incredible about this case is that it needs to be proven on the facts, not just a theory. and we all knew when the department of justice was looking at this, as a media
6:44 am
merger, a merger where the incoming head of the interest division had already spoken, a merger canly where the president had spoken, that there's going to be a lot of attention paid to the facts that the department of justice would include in its complai complaint. i got to tell you, i don't see any facts in that complaint that support a concern that this merger is going to reduce competition. in fact, it looks like this merger is going to increase competition. >> all right, then as of a year ago, october 2016, the man who leads the department of justice antitrust division, i said it earlier, said no big deal, i don't see this as a problem. while you can't get inside of his head and you probably don't speak to him what happened? why the change of heart? do the math for us? >> okay, well, to the extent that i know ethan, he's a stand-up guy, so i don't assume anything nefarious here. he probably shouldn't have answered the question earlier on if he knew he was a candidate
6:45 am
for this job because you don't know all the facts at that point. but at this point in time, after the staff had looked at this thing for almost a year, maybe over a year before he even got involved, to come forward with a radically different remedy fix if you will -- >> amidst an anti-regulation administration. >> exactly. and directly against a virtually identical merger that occurred a few years before between nbc and comcast. >> i am familiar with that one. ethan, if this is about mega media companies getting more and more power, dissecting this at&t time warner deal, is that not backward looking? shouldn't it be google and facebook that the department of justice should be concerned about? >> well, i don't know if the department of justice should be concerned about any of these. the places where we get information, the places where we look to find facts and opinion, are increasing at an ex p ex-pa
6:46 am
exponential rate. this isn't a world in which there's three channels. so i don't understand that as a valid basis to challenge this merger. i think that what you probably see when this merger gets challenged in court is the government either is going to have to put up that it has evidence that consumers are going to pay higher prices or there's going to be a real reduction of competition or this is going to be a devastating defeat for the department of justice. >> all right, well, there's evidence that president trump hates cnn. he's made it very clear. he doubled down on that this weekend going after cnn international. does this not hurt the department of justice's case? we know from at&t that earlier this month they were advised by the department of justice, well, maybe you want to divest, maybe you want to spin off cnn, turner classic? what does the president's
6:47 am
actions that -- do for the department of justice here? >> making comments after announced does not go at all because typically the president doesn't comment on pending litigation and i have to assume the merging parties are going to make quite a bit of it. it's the fact that the government's theory is somehow that once they own time warner content, they'll jack the price up to the other cable and video providers so much so that they'll refuse the programming and it's all going to move over. people are suddenly going to cut their cable and put an antenna on their roof. i think that the evidence that that will happen is going to be pretty slim. yet i see that as an integral part of the case. >> politics has always been prevalent in this. gentlemen, thank you. up next, after spending a
6:48 am
spree, really, the spending spree on black friday and cyber monday, it is time to give back today. why? because it is giving tuesday. i'm going to introduce you to one of my favorite causes. immer who's stared down the best in her sport. but for both of them, the most challenging opponent was... pe blood clots in my lung. it was really scary. a dvt in my leg. i had to learn all i could to help protect myself. my doctor and i choose xarelto® xarelto®... to help keep me protected. xarelto® is a latest-generation blood thinner... ...that's proven to treat and reduce the risk of dvt and pe blood clots from happening again. in clinical studies, almost 98% of patients on xarelto® did not experience another dvt or pe. here's how xarelto works. xarelto® works differently. warfarin interferes with at least six blood-clotting factors. xarelto® is selective... ...targeting just one critical factor, interacting with less of your body's natural blood-clotting function. don't stop taking xarelto® without talking to your doctor
6:49 am
as this may increase risk of blood clots. while taking, you may bruise more easily, or take longer for bleeding to stop. it may increase your risk of bleeding if you take certain medicines. xarelto® can cause serious, and in rare cases, fatal bleeding. get help right away for unexpected bleeding, unusual bruising, or tingling. if you've had spinal anesthesia, watch for back pain or any nerve or muscle-related signs or symptoms. do not take xarelto® if you have an artificial heart valve or abnormal bleeding. tell your doctor before all planned medical or dental procedures and before starting xarelto® about any conditions, such as kidney, liver, or bleeding problems. you've got to learn all you can... ...to help protect yourself from dvt and pe blood clots. talk to your doctor about xarelto®. there's more to know. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. st. jude children's is beating childhood cancer. i have cancer.
6:50 am
and you also have st. jude. discoveries at st. jude have helped to increase the overall childhood cancer survival rate from 20%...to 80%. and we freely share our research everywhere. you want one? si, thank you for freely sharing... and thank you for giving. donate now at stjude.org or shop where you see the st. jude logo. so we know how to cover almost we've anything.st everything even a "red-hot mascot." [mascot] hey-oooo! whoop, whoop! [crowd 1] hey, you're on fire! [mascot] you bet i am! [crowd 2] dude, you're on fire! [mascot] oh, yeah! [crowd 3] no, you're on fire! look behind you. [mascot] i'm cool. i'm cool. [burke] that's one way to fire up the crowd. but we covered it. talk to farmers. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ ltry align probiotic.n your digestive system? for a non-stop, sweet treat goodness,
6:51 am
hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. also in kids chewables. former first lady michelle obama will be in toronto talking education and equality for women and girls around the world, this as msnbc kicks off giving tuesday, the global initiative to pay it forward. after spending all of that money
6:52 am
on black friday and cyber monday, today is a reminder that charities and nonprofits around the world are doing good and need our help, especially this time of year. joining me now is pam, the ceo of girls inc of new york city. one of my favorite organizations. why? because it's your life mission to encourage girls to be strong, bright and bold. i can't think of anything more for my daughter that i want more for. >> stephanie, you have a haeart of gold. i'm happy to say that you've been involved with us for a long time and i'm also proud to say that we have a great track record. we deliver comprehensive programs and focus our research on the poorest communities in the city. so we deliver comprehensive programs but financial literacy
6:53 am
takes on a special importance. we really aim at financial capabilities, behavior change. why? because there is a fear-based relationship well money. can't pay your rent, can't pay your electric bill, worried about maxing out your credit cards. so we really teach them to think of money that empowers them, that is a tool you can use for empowerment. we teach them to look at -- like somebody said, it's about a poverty mentality. long after i learned from girls inc to go out and get a good career, go to college, i still have a poverty mentality. that's what we try to change. the relationship to money. >> if we see this tax reform bill go through, if people can no longer itemize and don't have the charitable giving deduction, what would it do to organizations like yours? >> it would be devastating because social programs, we're going to see government cuts because the deficit is promising
6:54 am
to increase in the bill goes through and so we're all going to experience cutbacks and that's going to mean charitable contributions that take on an ever increasing importance in that scenario. >> you served the poorest girls in new york city who many say don't have a chance. when we look at all of the cuts, do you see these families? do they even know how to file their taxes? wow, you have that earned income tax credit. the families who you work with, do they know how to work with the banking system? if you've got lower than a 600 credit score, you're locked out of the system completely. you cannot participate. >> you're putting your finger right on the pulse. this fear-based mentality means that we serve the unbanked. they stay out of banks. they don't trust banks. they say, don't invest in the stock market. they don't understand that banks can give them better rates on loans so they pay $10 cash or check every week. so this fear is pervasive. that he is why we're trying to
6:55 am
encourage them to go into careers that are well paying and we also get the parents involved because a lot of preconceptions come from the parents but i'm happy to say, over 90% of our girls go on to college and as long as they are in our program, the better they do in academic subjects. so, so far so good. yeah, you're right. charitable giving is a really important consideration in this tax bill. >> maybe it's time for the controversial payday lenders out there to start giving to organizations that do financial literacy, that teach people how the system works so they can participate in the extraordinary financial system that we have here in the united states. because it is the financial industry that fuels the economy, that gets us to start businesses but huge portions of our population don't even know how to use it. so, hey, you predatory lenders out there, want to get better and have a better reputation,
6:56 am
it's time to give back. pam, thank you so much. >> thank you so much. >> girls inc nyc. in a little over two hours, president trump will head to capitol hill to deal with tax reform as well as how to prevent tax reform. that's on the horizon. the latest on those negotiations. us. it's what this country is made of. but right now, our bond is fraying. how do we get back to "us"? the y fills the gaps. and bridges our divides. donate to your local y today. because where there's a y, there's an us. and there's a big difference between ordinary... and the best. which egg tastes more farm-fresh and delicious? only eggland's best.
6:57 am
which egg has 6 times more vitamin d, 10 times more vitamin e, and 25% less saturated fat? only eggland's best. which egg is so special, i'd never serve my family anything else? for me, it's only eggland's best. better taste, better nutrition, better eggs. searching one topic. that will generate over 600 million results. and if you've been diagnosed with cancer, searching for answers like where to treat, can feel even more overwhelming. so start your search with a specialist at cancer treatment centers of america. start with teams of cancer treatment experts under one roof. start where specialists use advanced genomic testing to guide precision cancer treatment... ...that may lead to targeted therapies and more treatment options. start where there's a commitment to analyzing the latest research and conducting clinical
6:58 am
trials-to help each patient get the personalized cancer care they deserve. start at one of the cancer treatment centers of america hospitals near you. the evolution of cancer care is here. learn more at cancercenter.com/experts
6:59 am
that wraps us up this hour. i'm stephanie ruhle.
7:00 am
i'm see you again at 11:00 with my friend ali velshi. i now introduce you to steve kornacki. hi, there, i'm in for hallie jackson. the clock is ticking away. president trump heading to the hill today. he'll try to shove all of those republicans into line. majority leader mitch mcconnell and the re-emergence of roy moore after an 11-day absence. he's taking aim at the women accusing him of sexual misconduct. "the washington post" is now out with another roy moore headline this morning, going public with a story of a woman who intentionally misled them about an inappropriate relationship with the former

60 Views

1 Favorite

info Stream Only

Uploaded by TV Archive on