tv MSNBC Live With Stephanie Ruhle MSNBC April 3, 2018 6:00am-7:00am PDT
round last year. it shows you don't just need freshman to win. >> so fun to watch. they'll just be going every year. the book is "team players." that does it for us. stephanie ruhle picks up our coverage. >> thanks so much, willie. hi, there, i'm stephanie ruhle with a lot to cover. a toxic deal. epa pruitt under fire. after new revelations he paid deeply discounted rent for a pricey condo that's linked to a lobbyist whose project, guess what, got approved. >> a hotel room for $50 a night in washington, d.c. and tell me that's not a gift from a lobbyist. this is disgusting. no decent ethics lawyer would sign off on that. >> and the white house now looking into the deal. will pruitt be the next cabinet member to go? and some trouble on wall street. markets plunge over fears of a trade war and the president's
attacks on amazon. sentencing day. a lawyer with very close ties to paul manafort and rick gates is set to be the first person sentenced in connection with the russia investigation. this, as newly revealed memo defends the special counsel's charges specifically against mr. manafort. and growing protests. schools in oklahoma and kentucky remain closed as thousands of teachers fight for better pay, pensions and crucial funding. >> we need textbooks and chairs and software and special classes and arts. i mean, all those things are gone. >> you hear that, she's asking for chairs. we begin today on wall street. one familiar for me. where right now futures are up slightly after markets suffer add massive sell-off yesterday to kick off the second quarter. i have a great panel to break all of it down. but first, a look at how we got here. monday marked the first day of trading for the second quarter
of 2018. and it was the worst start since the great depression in 1929. the dow plunging more than 400 points at the close. the nasdaq shed nearly 3%. the s&p 500 closed down more than 2%, falling back into official correction territory. right now, futures are showing minor gains. pointing to a mixed open. the market, as you know, tanked monday, in large part because investors are worried about the possibility of a trade war with china. china announced monday it was officially slapping new tariffs on more than 100 different u.s. imports after president trump imposed tariffs on chinese steel last month. the tech industry is taking a major hit as the president wages a war not against the whole industry, against one company, amazon. tesla fell more than 5% following a deadly crash involving one of its cars last month. intel dropped about 6% over reports apple may start making its own computer chips.
facebook still in the cross hairs, fell as it prepares to testify on capitol hill over its controversial privacy practices. as for amazon, the president again accused the online retailer of exploiting the u.s. postal service on monday, threatening in a tweet, quote, this will be changed. amazon stocks tumbled 5%. wiping out more than $36 billion of its market value. and here's what former white house ethics chief told me last night. >> we just today had the president of the united states making statements that were false. probably knowingly false about amazon driving the stock price down. if an investor lost money on that stock that investor could sue him for securities fraud and those investors ought to be calling a lawyer. >> we're going to cover this. i want to bring in my friend, co-founder and editor of risk
reversal and cnbc contributor. what the president is saying about amazon and the white house is a lie. >> right. >> is false. so why is the market reacting to this? >> when you think about it, there's other issues weighing on tech stocks. amazon's one of the largest stocks in the u.s. markets. one of the largest stocks in the world, right. we've already seen some issues related to its internet peers, like facebook. when you think about what's going on, this is a political attack by the president, but, you know, listen, there's some points to be made here. at the end of the day, the united states postal service is a money losing operation. here's the most important part about it. the parcel service that they offer is actually one of the only areas that's growing. when you think about first class mail has been decimated by e-mail and the like. >> by e-mail, by text messaging, not by amazon. >> amazon is taking half of the e-commerce growth in america now. the president in speaking to his base sees that as a tremendous threat to mom and pop retail. this is an easy angle for him to
come at. at the end of the day, this is about his coverage from "the washington post" for all intents and purposes. lis, could the u.s. postal service charge amazon more for delivering their packages for last mile? of course they could. at the end of the day, it's the only thing growing at the u.s. postal service. it's been a lifeline for them i think there's a way amazon and the u.s. postal service can figure out something that the president could probably not have too much issue with, but don't forget this, amazon is working drone delivery. at some point, amazon will not be using the usps for deliveries. they actively are in trialing for that last mile sort of thing. so to me sort of you talked about taxes, amazon hasn't paid taxes to the u.s. federal government, you know, they did -- i guess they were losing money in 2014. but you know what, they've been investing in their business like drone delivery. >> even if amazon isn't paying taxes, they're not breaking the
law. >> of course. >> the president himself has boasted about avoiding taxes saying listen, i followed the letter of the law, it makes me smart. if it makes the president smart but it makes us -- it makes the president hate jeff bezos, do the math for me. >> there's no truth to the tax thing. there's the issue whether they were collecting sales tax, and they do, in all 45 states. that ask for sales tax to be collected on e-commerce sales. were they paying taxes? they were not profitable. if you're a business in the u.s. and you're not profitable, you don't pay taxes to the irs. so amazon has been given a pass by its investors for nearly 20 years. up until 2014 when they first decided to be profitable, they laid off their investments in their own business and they started to show profitability. they started paying taxes. to me what i think is going on this is really important when you think about it, the u.s. retail sales about $5 trillion, okay. amazon is about $230 billion
expected this year. it's a fraction of total retail sales. what has amazon done? it's been this massive deflationary force. it's caused price wars with their major competitor, walmart, target, okay, about $130 billion in sales, and then costco, about the same. so this nearly $1 trillion where you have deflationary pressure, that's good for u.s. consumers. >> good for u.s. consumers. remember, president trump loved to say thank you -- you should thank me and your 401k should thank me when the market was up so much. i'd like to remind you who owns amazon. it's pensions. it's endowments. it's 401ks. they got whacked yesterday. why? because amazon got hit by our president. peter navarro can say all day long that the white house doesn't look at the stock market day in, day out, but you know what this is, another lie. every time we have a big up day, guess what we see, #maga. from the president's twitter
account, from his daughter's twitter account and from his son's. don't go telling me that lie, peter navarro. another wave of bad headlines for epa administrator pruitt. "the washington post" reports pruitt's aides considered leasing a private jet, that's right, a pj, for this guy to accommodate his travel needs. but the plan ghaixed because the agency decided it would be too expensive. "new york times" reporting the epa approved a pine line project last year during the same time pruett was renting this apartment from the life of a lobbyist linked to the pipelines, wait for it, owner, pruitt, he paid 50 bucks a night to rent a place in a luxury condo in washington, d.c. the daily beast reports that condo also served as a hub for republican lawmakers to raise money for their congressional campaigns. according to that report, at least three members of congress had fund-raisers at the condo
during the same time pruitt was living there. that sounds like a party pad. amid all the negative headlines, pruitt announced monday he is revoking obama era standards requiring cars and light trucks sold in the united states to average more than 15 miles per gallon by 2025. i want to bring my panel in. jeremy peters, reporter for "the new york times." and eddie glog, msnbc contributor. elise jordan, former white house aide. dan, still with me. elise, can scott pruitt survive this? hugh hewitt says this is about the media and left, they don't like pruitt's policyings. you can put the policy aside. this is about conduct, ethics. >> i would ask hugh how he would have felt in an obama administration cabinet official had behaved this way. if they'd been accepting room
for $50 a night in a rental that's market value of $5,000. if they'd been shopping around for net jets to fly around the countries. is that fiscal conservativism? is it fiscal conservativism not being involved in the free market when you are accepting that room that end you approve the lobbyist deal? i think it's incredibly hypocritical of conservatives to ignore the clear corruption. >> jeremy, take me inside the white house. because politico has reported that john kelly has considered firing pruitt in the coming months but this one is very tricky for the president. he doesn't have a lot of people he likes around him. he likes pruitt. people have told me pruitt is a guy he has considered to get sessions job if sessions were to leave. >> i think some of pruitt's career ambitions or kind of the ambitions don't quite square with the reality.
i think the idea that he would ever become attorney general is a bit of an right wing koch brothers fantasy. i see that path as very, very difficult in the senate. he does as we know from the reporting has designs on running for the governorship of oklahoma. what you see here is a pattern that you've seen with other new officials to washington who have flown a bit too close to the sun, have come from outside of the beltway, outside of national prominence and decided they are entitled to a lifestyle that they see others, especially in the trump administration, with its excessive wealth, living. that appears to be what happened here. i think the political problem for trump though goes kind of beyond this immediate scandal with another cabinet departure. it gets to heart of the drain the swamp promise. obviously the swamp has captured this administration. and when you combine that with
all the other campaign promises that this president has failed to deliver on, namely the wall and immigration, which are most important to his supporters, i think this all adds up to a pretty depressing despiriting picture for the midterm voter on right. >> eddie? >> i like the keeping up with the jones's theory he put out there. given all the billionaires that are part of this cabinet. i also want to say, you know, i was thinking that, you know, there's a loch ness monster in this swamp and it seems to be pruitt and trump. that he's not draining the swamp at all. in fact, he's actually thriving on it. i don't want to get beyond the policies. rolling back fuel efficiency for cars. you think about his refusal to enforce epa rules. 230,000 americans die every day from hazardous chemicals. he slowed that process down. they're not suing folk. scott pruitt from my voantage
point has been a disaster at epa and now he has revealed his character. i pray he doesn't survive this, for the good of the country. >> we forgot the most recent breaking story, which is he used the safe water act to raise the salaries of two political appointees after the white house said no, you can't raise their salaries. this might be bad, this might be a bad appearance, went ahead and used that law -- >> probably did it from the secret phone booth -- >> you said pruitt's been a disaster. the last month and a half or so, every single major kind of cabinet member who's been replaced, we've gotten something worse. when you think about how bad pruitt has been, he's a science denier for all intents and purposes. you think about their negotiation. these are the art of the deal crew. the auto industry wasn't even asking for the sort of rollback that they just gave them. so it's like these guys, you know, you've heard this expression, they always shoot the hostage in the negotiation. they're horrible at it. the thing that's scary, it's like the devil that we know. when pruitt's gone, what comes
next? that's really the thing that i think going back to that really quickly what is causing some prep days of the investors. who owns stocks? 80% are owned by the 10% of the wealthiest people of america. this is the donor class speaking in the stock market, right. they do not like this sort of chaos in washington. and i think the pruitt thing is just, you know, a grifter's going to grift. another grifter there. >> grifter's going to grift. jeremy, take us inside the white house. the president and sarah huckabee sanders would love us to think everything is honky-dory. >> right. >> from those i spoke to, they're saying the wheels have come off, though i argue i'm not sure when they were on. >> this pruitt scandal cuts right to the heart of that, that anxiety, that dread really, of oh, my god, not another one. because as we were just talking about, pruitt's ambition has really rankled some people
inside the white house. the fact that he has been telling people privately he would like jeff sessions' job. i mean, you don't say something like that, even in this white house. and i think that the president and john kelly really who is going to have a lot of authority and say so in this decision of whether or not to keep scott pruitt has been espec lip troubled not just by the political ambition, the raw ambition that pruitt has shown, but also all of the ethically questionable decision he's been making with regard to travel on private jets and the lease of this condo. yes, i think it's a siege mentality. it's kind of i think for a lot of people inside the white house just another scandal they don't need to be dealing with. at a time they are trying to hold on to the senate and hold on to the house of representatives and hold on to what remains of this presidency. >> tom price is watching it,
sitting back, drinking coffee right now saying see, it wasn't only me. great conversation. all right. we got to take you to d.c. because in an00 t hour, the fir person is expected to be sentenced in connection with special counsel mueller's russia investigation. alex vander swan, a lawyer who worked with campaign officials paul manafort and rick gates pleaded guilty to lying to investigators in february. nbc's justice correspondent pete williams joins me now from outside the courthouse in washington. pete what i've been racking my brain on since we heard about the story. if you're a lawyer, you understand the ramifications of lying, yet this guy did. what's in store for him? >> well, what he says, his lawyers say in court documents, when he was interviewed by the special counsel, he wasn't worried about bob mueller's team he was worried about the lawyers because he didn't want them to
know about his conversationings with richard gates in 2016 about the work that skanden arps did for manafort and gates when they represents ukraine. that's what this case is about. i think really this prosecution is intended to send a message that you don't lie to the special counsel. i think that's what this is all about. i don't think this is one of those cases where they're squeezing somebody to get cooperation. the sentencing is happening pretty fast after his guilty plea. so it does seem intended to send a message. the question is will he get any prison time at all. his lawyers are saying no he shouldn't, that he suffered enough, he's lost his legal career. he's estranged now or at least separated from his wife, who's expecting in august. he wants to be there in london for the birth. and that his life is basically in taters, they say. the government says he's married to the wife of a russian
billionaire. he can afford any fine that the court imposes. the question is will he get prison time. his lawyers say zero to six months is the guideline range. government adegrees. i'd frankly be surprised if he gets any more than a couple months in prison if he gets a prison sentence at all. >> son-in-law of a russian oligarch, i'm pretty sure, is going to be able to make rent. pete, thanks. coming up, we're keeping a very close eye on the market set to open in about 15 minutes. can they gain ground after yesterday's 450-point tumble? first, "the tonight show's" jimmy fallon with some inside information you did not hear about yesterday's white house easter egg roll. >> trump made some remarks while standing next to the easter bunny. take a look at this picture. yes. that was right after the easter bunny was told he'd been fired. so you could tell, he's like -- m badda book. badda boom.
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welcome back. i'm stephanie ruhle. we've got to get back to the russia investigation. as we wait the sentencing, in less than 60 minutes. we're learning deputy attorney general rob rosenstein authorized robert mueller to investigate whether paul manafort colluded with the russian government. that detail comes from a newly revealed memo sent in august defending the scope of the special counsel's investigation. i want to bring in former chief
spokesperson from the justice department matt miller, also an msnbc justice and security analyst. okay, matt, help me understand why this is significant. paul manafort filed for a motion to dismiss his indictment and toss out the claim, claiming these charges are tied to businesses in the ukraine and they were outside the scope of the investigation. >> you know, one of the rules sometimes in law is the same in boxing. the punch -- the counterpunch can be stronger than the initial punch. i think that was the case here. paul manafort made what was really kind of a frivolous argument. arguing that the entire indictment should be dismissed because bob mueller was acting outside the scope of his appointment. that was a pretty frivolous argument on the face for a number of reasons. the special counsel's response filed late last night goes through in pretty painstaking detail why -- why that motion should not succeed and why the indictment should stand. i think if you look at what manafort was really up to, this was a little bit i think of a press release masquerading as a legal filing.
never likely to succeed in court but i think it was his way of arguing publicly that the special counsel is acting outside his authority. that he is, you know, off on a witch-hunt. his words, we've heard the president use -- >> except -- >> appeal to the president ultimately for a pardon. >> except we've learned rosenstein said nope, it's not outside the scope. >> yes. >> because we've learned that, isn't that going to make the president more uncomfortable, more unhinged, knowing how broad this investigation is? >> yes, e thii think that's exa right. anything he sees anything about this investigation, gets increasingly angry. now we see for the first time government itself, the justice department, using in a court filing a memo that, you know, explicitly references collusion between a member of the president's campaign and the russian government and the fact they're investigating that. i think it is likely to upset the president. but, you know, i think that's probably what manafort's team was going for here. they had to know this had little
chances of succeeding in court. i think it's highly unlikely he'll side with manafort. this is a way for his lawyers to appeal to the president as they have done in public comments before the gag order was issued. appeal to the president about the scope of this investigation. try to convince the president that ultimately their client deserve as a parten. >> because you know this would upset the president. >> yes, that's exactly right. i think his lawyers know, if you look at the weight of the evidence in the manafort case, it is damning. we found out last week in negotiations with rick gates, bob mueller's team made clear they didn't even need rick gate's testimony to convict manafort. they have a very serious, very strong case against mannaed for. so manafort doesn't have a lot of legal options. his legal options are basically to at some point cooperate and meet guilty and turn against the president or others in the president's orbit. or hope for a pardon or hope the
president somehow closes down this entire investigation. >> flip, pardon, go to jail. those are not great options. all right, thanks so much. coming up, markets set to open in just a few moments. after monday's massive dive. and right now, u.s. stocks are on track to have their worst second quarter start since the great depression. what can we expect today? maybe a comeback. we know we're going to get one thing, volatility. you may be at increased risk for pneumococcal pneumonia, that can take you out of the game for weeks, even if you're healthy. pneumococcal pneumonia is a potentially serious bacterial lung disease that in severe cases can lead to hospitalization. it may hit quickly, without warning,
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welcome back. we need to go straight to wall street where the opening bell is about to ring. actually we hear it right now. the stocks tanked monday after investors were rattled over fears of a trade war. but you are seeing the market up to start the day. dan nathan back with me and dom chu of cnbc down on the nyse floor. we know this, volatility, if nothing else, is back. >> volatility is back, but it's not back in a hugely massively way. it's back in a more normal way. you talked to a lot of traders and investors out there and they say the last two years we've seen the marketplace, where the marketplace didn't do anything
but go up over time, is not typical of a stock market we would normally see. what we have is a market that gyrates a little bit and that's what investors are more accustomed to. so in that way, the pullback we saw yesterday, it was, yes, a big one, but it wasn't nearly as panic driven as some people want to make it out to be. what we didn't see a lot was a lot of participation. so whether or not we do see some of these bouncebacks hold today will be key. we have seen in the past where markets start off positive for the morning but then fade for the afternoon. whether or not we see these gains hold, that could be a big test for this market overall. >> help me understand why do investors some days care what the president has to say and others not? if you look at last year, there were days when i felt like there was huge geopolitical risks but the market shrugged it off. why now do they seem to care? >> that's a great point. i think 2017 was a honeymoon
period. americans had to give this new administration a chance. you think about some of the adults they put in the room. i think people felt pretty comfortable about the national economic adviser being gary cohn, a guy from goldman sachs. they felt that we got to give this a chance in 2017. and then the hope for some sort of tax cut, which they got. what dom was saying is yes, yesterday was ordinarily. think about what's going on since january 26 or so. a 10% pullback. we're back at the levels where we were when president trump signed the tax bill in mid to late december. so we've given all of that back, okay. so to me that was kind of the fuel that was put on the fire last year of the steady rise in the stock market. now it's a really important point to say, okay, what happens
from here, and as far as i'm concerned, the chaos in the white house right now is the thing that is causing the volatility because the market is kind of discounting mechanism and right now i think investors are speaking with their wallets and saying we don't know what's going to happen with tariffs, with geopolitical risks. let's take a little bit of a pause, you know. so i think it makes sense. as a pretty rationale sell-off, all intents and purposes. >> i say it's the threat of regulation. when you see president trump go after amazon so hard, that's somewhat fruitless because you can't go after one specific business. whether you're talking the president and amazon or congress taking a close look at facebook, isn't the real threat here that these companies could face some serious regulation? >> they could face some serious regulations and that is of course a risk. that's the reason why -- i mean, dan mentioned something interesting. mentioned this idea the stock market is a discounting mechanism.
meaning it takes all the information that's currently available. takes all the information that people are forecasting or trying to predict will happen in the future and will assign a price to a stock today. like amazon, rather, revalation. this idea there are these risks out there. a price it currently trades at maybe isn't as robust as it should be because of all the risks. as you start to see traders price lower, regulation is going to certainly be a part of it. we talk about facebook and the trials and tribulations it's gone through with regard to data and customer information and that sort of thing. all of these things will factor into the prices that we're seeing. what will be interesting and curious is facebook, amazon, apple, many of these big tech and retail oriented stocks have been consensus winning trades over the last few years. the trend has been their friend. if it stays that way, maybe this viable bounce area is something people are looking for.
if this really is a turning point and the large cap technology stocks that are out there are going to be the ones that lag, it could be a real problem for the market going forward. >> quickly, before we go, i want to go out of the market and into the mall. one of the arguments the president likes to make is amazon has killed mom and pop shops. and it has. but that's because the american consumer decided he didn't want to go to the mall anymore. he and she wanted cheap stuff fast delivered today. if you go after amazon, are you really going to put small business back on main street? >> listen, before it was amazon was the target, 10, 15 years ago, it was walmart. a company that has $500 billion in sales, almost double what amazon's expected to have this year. walmart's been putting mom and pop businesses out of business for decades. at the end of the day, we had this conversation about 20 minutes ago. i think the price wars going on in big box and between amazon is good for u.s. consumers. is basically driving the costs down. the cost of delivery is coming
down. look at what walmart did last year. they institute thread own sort of prime target. just announced it, two-day free shipping, same day free grocery delivery, that sort of thing. it's unavoidable. there's no regulation that's going to stop it. there's nobody in the white house who's really going to stop it. these attacks appear to be pretty political. >> tom hanks, meg ryan, "you've got mail," one of my favorite movies but the shop around the corner, just not coming back. >> next, teachers in oklahoma walk out of class for a second straight day, but are they any closer to having their demands met? first, watch this -- >> will novembvillanova wins. >> taking home its second national title in three seasons after defeating michigan in the championship game.
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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 which is the only egg good eonly eggland's best. with more farm-fresh taste, more vitamins, and 25% less saturated fat? only eggland's best. better taste, better nutrition, better eggs. we're back, i'm stephanie ruhle. i'm begging you to pay attention. more than 50 schools in oklahoma and kentucky are closed for a second straight day as teachers remain defiant. demanding more pay and basic classroom resources. the teacher walkout, the latest in the series of protests that have also included west virginia and arizona. my colleague is in oklahoma city
where protesters are expected to gather in about 20 minutes. walk us through this, because the governor approved raises last week and says the budget is tight. talk us through any movement because someone from the outside could say, well, these teachers just got raises, but this is making up for years and years of budget cuts. >> a decade of budget cuts, and it seems like neither side is really moving. yesterday, you had the governor putting out a statement we're only able to do what our budget allows. today, growing frustration among educators. hundreds of them have started to gather here inside the oklahoma state capital. the focus we're told today is going to be inside, with tables like these, urging educators to find their legislators, to pressure them into hearing their demands. because teachers are telling us that that revenue bill that was passed last week is quite simply not enough. i want to speak to sally over
here. you teach first grade. >> i do. >> can you tell us about any sort of movement, were you left with any hope with meetings with regulators yesterday? >> i did finally contact one of my legislators and i have a five-minute meeting with him tomorrow to have a dialogue which is going to be interesting because five minutes just -- i don't think is enough time to discuss the dire problems we have here in this state with funding. i left feeling disheartened. i was at the house of representative session yesterday. representative inman brought it up twice trying to talk about it. he was shut down every time. another representative, representative stone asked to not adjourn. because the teachers just want to know, we're here, like talk to us, let us know. he was shut down as well. >> referring to democratic legislatures who tried to bring
up a package that would have brought $100 million in additional funding. that wasn't even brought up for discussion according to her. i want to ask you, how long will you keep this going? you're out here for a second day in a row. there's hundreds of people around you. what will happen? >> i'm from a very supportive district and our superintendant and our board of education, our parents, they have our backs. we're out tomorrow as well. i'm just going to follow the lead of my leaders, of oea. when we get what's right for the kids, we'll go back. i don't want to be away from my students. i mean, i've done this for 15 years. i don't want to leave them a lone. >> thank you so much. educators telling us it took historic cuts to bring them here and it's going to take historic funding to make oklahoma schools be up to par with the rest of the country. >> oklahoma schools. it's not just oklahoma, this is happening in a number of states. i want to bring my panel back. eddie and elise.
eddie, to you first. it's not just teachers walking out. they're standing with parents and kids. this is about the whole education system breaking down. is this a tipping point? >> i think so. budgets reflect what we care about, what we value. over a ten-year period, what we've seen is republicans and democrats and state legislators across the country have proven that they value folks who are rich, the top 1%, the top 10%. we want to give them tax cuts over our children. >> you can't possibly say you care about income inequality if you're cutting school budgets. >> you look at how teacher's salaries haven't increased with the pace of inflation, with the pace of cost of living. from 2010 to 2016, only 12 states actually raised their salaries. it previously was college graduates. they only made about 2% more than teachers in '94. cue to '17 and the difference is about 2.5%. they're not on pace with other
professionals. >> you combine that fact with the escalating student loan debt. the fact these students -- >> ballooning student loan debt. you're worried about the subprime crisis? guess what's coming next. >> having to be uber drivers or -- and teach our kids, right. it makes no sense. all the while, you have a particular id eology designed t starve state government, to redistribute resources to folks who already have money and our kids aren't getting educated. i think this is really interesting. we can't read this ideologically. we can't read this as simply unions have suddenly returned, right. >> it's parents and kids -- >> there are heads of unions. this is not simply the traditional kinds of strikes we saw in the '80s. this is another sign of a kind of political realignment. read this moment in oklahoma. in kentucky. in west virginia. alongside what the kids are doing in parkland. >> this is my concern with it
being futile. we can talk about it. they can protest. but to that teacher's point, their agenda wasn't even on the docket yesterday. the government leaders who wanted to talk about it got shut down. betsy devos, i can't find what she said yet. do you know? >> you don't want to know. because it won't make much sense. what i think is interesting about the moment in terms of activism is the relationship between the protests surrounding what happened in parkland and then now the teachers protesting their pay. and they're protesting the resources that they're given for schools. you look at the pictures of some of the textbooks they're still using. >> with duct tape on them. >> you can't believe this is 2018 america. there's so much energy around both of these movements. and the activism and the agency of these high school students, too, and their parents who are
coming out to support this. >> combined with the activism that's in sacramento. there's a political realignment happening. what will be the payoff? what will be the cash payoff quote/unquote? i don't know how it will cash out but i do know politicians who are in statehouses, in d.c., they need to be shaking any their damn boots. >> you want to address income inequality, address education, that's where it starts. coming up, money, power, politics. the me too movement takes on wall street. or it starts to. with one of the nation's largest investment banks now under fire. be sure to catch andrea mitchell reports today. andrea will be speak with former campaign manager corey lewandowski. that's today at noon on msnbc. wr choicehotels.com badda book. badda boom. this year, we're taking it up a notch. so in this commercial we see two travelers at a comfort inn with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com".
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with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. welcome back. time for money, power and pill ticks. it appears the "me too" movement has finally hit wall street. judges cleared it had way for 2300 women to proceed with a suit claiming goldman sachs systemly paid feel employees
less. por began stanley also on offense, ignored allegations against one of their former employees. novak, we heard -- they might be women but what are those women going to get paid? i spent 14 years of hi life on wall street, kpeng at wall street could not be more private. there are loads of lawsuits but that are tied up and closed arbitrations you never see them see the light of day. is this a moment where things are going to clang? >> what you just described is why wall street has been indemnified from the "me too" movement. you described the problem, they have a fantastic, for their sake, arbitration infrastructure that protects them from things. you mentioned the goldman sachs ruling yesterday. the judge in that case leaned heavily on that rare piece of
data that did publicize in some cases the paid gaps. vice president at goldman sachs according to the ceo was 20% moreless than men. she moved on that to move this case along. >> this is not about women not getting the biggest jobs, this is about men and women with the same titles getting paid different amounts of munch goldman sachs will not be able to explain that and look you straight in the eye. >> that's why there are some legal scholars that think this might get settled now. this decision by the judge didn't come quickly. eight years this case has been running through the court. they finally has this class action the orr day on good friday. it's so rare to get this fact out to the public eye. t going to make it hard for them to win. >> if it happens to goldman are they going to see it happen to the rest? >> i think that's another point
i made to do as well. no one i think thinks this is just goldman. this has been a systematic financial issue. >> you've got four different women, didn't just say they are harassed who sought police protection against one financial adviser, douglas greenberg over the last 15 years. one woman said she was choked. another said he threatened her to death. we reached out and a spokeswoman said this, mr. greenberg has been placed on paeft leave pending further review of the situation. here's what i don't get. pending further review of the situation. this has been going on 15 years and the police involve. how is this guy still at the company? >> so, we're talking about the fact that they have these great arbitration rules. another thing that indemnifies wall street. you were in the business for a
long time, you foe the names. people who follow the news they never heard of douglas greenberg or they may not know who the ceo of wall street is. compare that to james franco or al franken, other big stars, those are much bigger names than wall street. there's a good clan middle america don't know who you are and that helps them. i hate to say this often, i give new york times and the other media credit for singling out this guy's fame. "me too" is never going to sweep up wall street like turned until individual bad actors like this get their name into the paper. >> he may not be a movie star but to have four different women with their life threatened. time to step it up. thank you. we're moments away from the first sentencing in special counsel robert mueller's russian
allegation, we'll take you live to the d.c. counties where it's about to go down. down go anywhere. so that's the idea. what do you think? i don't like it. oh. nuh uh. yeah. ahhhhh. mm-mm. oh. yeah. ah. agh. d-d-d... no. hmmm. uh... huh. yeah. uh... huh. in business, there are a lot of ways to say no. thank you so much. thank you. so we're doing it. yes. start saying yes to your company's best ideas. we help all types of businesses with money, tools and know-how
you know what's not awesome? gig-speed internet. to get business done. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. all right, before i go i got to share this. no matter what, you know there is always good news somewhere. right around these parts we think good news rules. >> oh my god! >> i love this story. this right there is the moment
that 17-year-old michael brown found out he was accepted to stanford university. it is the 12th -- it is the 20th elite university to say, yes, including all eight ivy league schools. michael has a 4.68, i didn't know that existed, gpa, perfect test scores, and a long list of extra click yar activities. this guys getting a full ride. he is the more than dream. congratulation michael, you got a big choice to make. i'm stephanie ruhle i'll see you ben with my partner ali vessel she. >> i got to tell you that's a nice problem to have to figure out which top school to go to. less than a mile there is a milestone in the russian investigation. first sentencing going down right now. it's a guy whoseam