remarks. treasury secretary stephen mnuchin was of course talking about tax reform in the white house latest push for that. instead, he was asked exactly why is the president picking this fight and why is he picking it out? listen to his response. >> you know, the nfl has all different types of roles. you can't have stickers on your helmet. you have to have your jerseys tucked in. what the president is hanging is that the owner should have a rule that player should have to stand in respect for the national anthem. this is not about republicans. not about race. it's not about free speech. they can do free speech on their own time. this is about risk back for the military and first responders in the country. reporter: said the administration is standing firm, but of course as we see all day long, players and owners are outraged including one of president trump's very close friends, the owner of new england patriots, bob kraft. he put out his own statement this morning and it reads, i'm deeply disappointed by the tone of the comments made by the president on friday. players are intellige

clean, business will be better in the future. stephen macdonald in china. and before we go, here is a look at another business development. steven mnuchin, the us secretary, says areas hit by hurricane harvey may have help delayed. donald trump has said it will give $1 billion of aid, but the us is set to hit the debt limit soon. this is one of the costliest storms in us history. $800 billion, according to the mayor. thank you for investing your time with us. i am rico hizon. goodbye for now. you are watching bbc news. these are the headlines. the us defence secretary, james mattis, has said there would be a massive military response to any threat to the us or its allies after north korea tested its most powerful nuclear device yet. kimjong un‘s regime hailed the test a "perfect success," and said america faces the "greatest disaster" unless it backs down. the brexit secretary david davis has said that the european commission is making itself look "silly" by saying that talks with britain aren't making progress. the eu's chief negotiator says british people need to understand the "e

news. headlines are with emma chandra. >> stephen mnuchin has warned of the u.s. may impose additional sanctions on china if beijing does not follow through on fresh yuan restrictions against north korea. that could include cutting off chinese access to the u.s. financial system. mnuchin says economic warfare were thick -- works against north korea. he said anyone that wants to trade with kim jong-un's regime should not trade with the u.s. attacks overhaul. the administration wants to repeal the communications failure over its failure to repeal obamacare. officials hope trump can build support for a broad case, including lower rates and a simplified code. brexit negotiators have discerned the next round of divorce talks by a week. theresa may is planning of public speech strategy. both sides will meet in brussels on monday, september 25. they have changed their approach after losing their parliamentary majority. jamie dimon has confirmed that jpmorgan is on pace to drop revenue by 20% on year. that would be the bank's worst period since 2011, bigger than a 15% drop forecaste

and that the market is doing very well. earlier this week, stephen mnuchin said that janet yellen one of the few people being considered to run the central bank. check ofnd the company rival, tencent are learning from each other. -- theid 10 years competition is welcome. toomberg's vocus was of the the alibaba founder, as the company marks 18 years in business. tencent hey,nk of they are learning a lot from us and we are also learning a lot from them. if we can work on -- if we can work together, on the cashless hey, based on the trust and credit, that will make the market much bigger. >>global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. i'm rosalind chin, this is bloomberg. ♪ ross, thanks for that. after the break, we hear from a chinese energy giant with its plan to break into the market. haidi: up next, we will talk to credit ceo about how they plan to -- to navigate the market as tensions rise yet again around the korean peninsula. this is bloomberg. ♪ ♪ haidi: this is daybreak asia, i am betty liu in new

intended to avoid a standout they could rattle the market. stephen mnuchin repeatedly said congress must raise the debt ceiling by september 29. the man who predicted the 2008 financial crisis also forecasted the damage in india. he said he was asked about de-monetization when he was still rbi governor. he saww book he said potential long-term benefits, but felt the short-term economic hit would outweigh them. he also wrote that he made his few known in "in no uncertain terms." global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. david: thank you. right, we will discuss the implications of north korea's latest nuclear test in the next hour. we will be joined by james mccormick of finch in a hong kong studio. templeton's mark mobius joining bloomberg just after 11:00 hong kong time. you don't want to miss what he has to say on the latest provocations from north korea. this is bloomberg. ♪ ♪ this is "daybreak asia" in hong kong. betty: north korea's latest nuclear tests close to haven assets higher at any time

-- boosting economic growth. he hosted national economic andcil tractor gary cohn stephen mnuchin and house speaker paul ryan, senate majority leader mitch mcconnell and the leaders of the congressional tax-writing committees of the white house. the former currency chief said the boj should and its obsession with 2% inflation rate -- rate. this is the central bank should reduce its annual bond purchase target calling governor kuroda is unprecedented stimulus program and ineffective intravenous drip. this is bloomberg. ♪ global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. let's have the latest with jesse kamaruddin. getting a little bit messy. josie: there are a few things that we are seeing, the bond rally and we have a slightly weaker dollar and you can see from the red column that asian equity markets are under pressure. when it comes to what is dragging the most it is financials, that segment weighing across the benchmarks and we are seeing the treasury yields continuing to drop below 2.06%. to show you what is going on finan

proves that kim jong-un's push is absolutely right. stephen mnuchin has warned the u.s. may punish china on trade if beijing does not follow through on the new sanctions. president trump is reportedly heading to china in november. the trip will be part of his first official tour in asia. he is scheduled to attend summits in vietnam and the philippines. president xi jinping invited trump to pay a state visit in april. trump has been critical of china for trade policies and approach to north korea. plans to travel to as many as 13 states in the next seven weeks to sell the idea of a tax overhaul. the administration is trying to avoid the communication failures in its attempt to repeal obamacare. officials hope trump can build support for a broad case, including lower rates and a simplified code. jamie dimon says he would fire any employee trading in bitcoin for being stupid. the j.p. morgan ceo told an investor conference that the cryptocurrency has a fraud. bitcoin has slipped from highs after trying to crack down on its used and fell further after his comments. >> you can't have a busine

respects a janet yellen and the stock market is doing very well. earlier this week, stephen mnuchin said that janet yellen was among the people they consider to run the central bank after her current term expires in february. rivala says alibaba's tencent are learning from each other in the financial services market. he said alipay spent 10 years on competition is welcome. bloomberg spoke exclusively to the alibaba founder as the company marks 18 years in business. we are learning a lot from 10 and they are learning a lot from us, so if we can work to get the whole society based on the trust and credit, that will make the market much bigger. rosalind: global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. david: thank you. back to our top story. north korea has fired another missile over japan before 7:00 a.m. tokyo time. it flew over the northern island. it landed 2000 kilometers in the pacific ocean. the un security council will meet friday 3:00 p.m. local time. the u.s. secretary of state is calling on china and rus

push for changes. he hosted the national economic council director and stephen mnuchin, paul ryan, mitch mcconnell, and the leaders of the congressional tax-writing committees at the white house. a former currency chief of japan's finance ministry says the boj should into its obsession with the 2% inflation rate. he says the central bank should reduce its annual bond purchase target, calling governor kuroda does unprecedented stimulus program and ineffective. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. rishaad: growing doubts that the federal reserve reserve can justify another rate hike this year. the is helping to fuel government bond rally. officials on tuesday said inflation is too low for the fed to move anytime soon, if at all. kathleen hays will take us through the latest fed speak. kaplan just spoke and is keeping the door open to another rate hike this year, but he has got two, hasn't he? >> he made it very clear yet again that what will hold the key to going through that door is inflation. l

treasury secretary stephen mnuchin said. there's so many rules in the nfl but no rule on this. seemed to reach a fever pitch when it's not onerous and hundreds of players linked arms, taken near not going to field altogether. i wonder if i'm in the end bring solidarity to the cause. >> is not an interesting irony we saw that. i think it's a coincidence yesterday was one of the most exciting nfl sundays we've seen. yesterday did it for you. some amazing games and players are on enough to show this is who we are in watch us. we are the best in the world. lauren: there were a lot of these players booed by fans yesterday. i actually believe the nfl is making a big mistake. i don't think roger goodell has handled this correctly. remember who your fan base are. people live all across the country to respect the five covers serve in the military and police departments across the country. you're disrespecting all of them. >> i think few would argue that. he could be accused of being hypocritical as far as policy the way it goes. look, we have football. the nfl red sunset if you want to watch this

chairman orrin hatch can match secretary treasury stephen mnuchin and economic council to write your stephen cohn. all of this while the house and senate are in session at the same time for just 12 days in september. cheryl: we've been talking about it for weeks. a lot to do in so little time. tracee carrasco washington this morning. thank you. we should say the president is expected to announce today he is going to end the daca program. it protects undocumented younger immigrants to the united states from deportation. it is created in 2012 by president barack obama. house majority leader kevin mccarthy talked about it last night on special report. >> we need to secure our border but we also need an immigration system that works. if i'm correct about what the president saying, he would give congress six months to act if congress needs to do their job. cheryl: house speaker paul ryan and other republicans are calling on the president to postpone scrapping daca. one gop lawmaker calls the republican suicide. more on this later in the show. now to hurricane irma appeared puerto rico and

. that is the proposal treasury secretary stephen mnuchin is recommending. it is upsetting some who increase the debt limit, while budgetary reform the spending restrictions instead. representative mark walker believes this is all part of the reveal. here's what he had to say. >> a lot of us arriving back in d.c. that is very frustrating for congress to be using a relief package to be able to read these other things that we have not even discussed or voted for. part of our job is to make sure we are raising their voices. 100 plus numbers were problems with the particular path. >> how long this bill will take to clear the senate depends on adding the legislation, debt limit legislation, but any objection could delay the bill passed friday and then it has to go back to the house for about. this is just one of many lawmakers are facing. the harvey aid, debt limit, tax reform and now the added pressure of legalization. all this in just a 12 day window. this morning the president expected to meet with congressional lawmakers to discuss all of this. >> the schedules definitely pack. thank

to get tax cuts through. more on this with treasury secretary stephen mnuchin coming on "mornings with maria" today at 730 eastern time. cheryl: south korea says they expect north korea to launch another inter-ballistic missile on saturday. potential threat as the u.s. will be in oil exports. cheryl: saturday's anniversary. at september 9th in north korea. north korea accusing south korea of using the economic forum for dirty politics and not in the u.s. are springing to beef up the nuclear weapons program. president trump commented on the possible use of military force against north korea. >> will see what happens. we'll see what happens. thank you very much. lauren: all options on the table. south korea has completed the installation of the missile system with four launchers. tree into so much happening between the hurricane in north korea. listen to this story. facebook has uncovered hundreds of fake accounts with respect to ties to russia. those account spending $100,000 on ads during the 2016 presidential election. the number of ads is really actually small combat the discove

sunday, stephen mnuchin said that he has a slate of new sanctions ready for the president's signature. >> i did speak with the president and it's clear this behavior is completely on acceptable. we have started was sanctions against north korea but i'm going to draft a sanctions pink trim package to send to the present first on consideration. anybody who wants to do traitor business with them would be prevented from doing trade or business with us. will work with our allies, with china, the people need to cut off north korea economically. this is unacceptable behavior. >> looks like it'll be the united nations security council and nikki haley has called for an emergency meeting for 10:00 o'clock tomorrow morning. >> molly: you're a truly remarkable day. as john mentioned, un ambassador, nikki haley called for the emergency security council meeting first thing on monday morning. south korea also condemns this test. rich, the u.s. is looking at the next potential diplomatic step. >> that's right. good evening. the secretary of state, rex tillerson spending his days speaking with regiona

afterwards, more rumblings from the white house that china's not doing enough, and then stephen mnuchin saying he's actually authored an executive order that the president can use at any time to completely restrict trade with china. it feels like we're barreling toward that ultimate conclusion. i'm not sure why china is putting trade with north korea over trade with america unless they just don't believe president trump will go that far. >> reporter: right. it's a complicate relationship on this and pretty much everything we've seen with china, at least over the past decade. this, the question for china is they look to the u.s., what is the united states actually willing to do, and will the united states really sanction broad sectors or really implement sanctions against chinese companies that are going to hurt the chinese economy. we have seen the u.s. over the last couple of weeks designate certain chinese companies for conducting business. senior state department officials say that they bring evidence to china about their companies that the u.s. says are conducting business w

within a country, that is doing business with north korea. speaking on fox news sunday, stephen mnuchin said that he has a slate of new sanctions ready for the president's signature. >> i did speak with the president and it's clear this behavior is completely on acceptable. we have started was sanctions against north korea but i'm going to draft a sanctions pink trim package to send to the present first on consideration. anybody who wants to do traitor business with them would be prevented from doing trade or business with us. will work with our allies, with china, the people need to cut off north korea economically. this is unacceptable behavior. >> looks like it'll be the united nations security council and nikki haley has called for an emergency meeting for 10:00 o'clock tomorrow morning. >> molly: you're a truly remarkable day. as john mentioned, un ambassador, nikki haley called for the emergency security council meeting first thing on monday morning. south korea also condemns this test. rich, the u.s. is looking at the next potential diplomatic step. >> that's right. good evening. the

. treasury secretary stephen mnuchin with the year-end timeline on track. >> we are ready to go. i mop to miss if we look at this time this year. >> this is about creating economic growth, the business system that's competitive. >> taking a closer look at the tax plan unveiled by ted cruz. he will join the straightahead live. markets this morning with major indices all-time high yesterday. the dow industrials up about four points from a fractional move there. s&p, nasdaq fractionally lower. markets under selling pressure as well. bank of england unchanged. down three quarters of a percent now. the cac in paris at the bank of england said interest rates could rise in the coming months. it seems like a comment is certainly at the lowest morning here. in asia mostly lower with china's economy and markets. disappointing reading on industrial activity among others. equifax playing the blame game now. server vulnerability led to the massive data breach which affect could possibly have put the entire country. the stock trading down again this morning after a massive selloff on that. marti

stephen mnuchin too breaking news the president tweeted this, rand paul is a friend of mine, but such a negative force when it comes to fixing health care, cassidy bill is great end obamacare, karl rove this tweet coming interest president what are your dhots here. >> -- >> health care -- >> yeah, well i am in agreement with the president writing my column for the "the wall street journal" tomorrow, on this issue of grand cassidy interesting, rand paul wants to get rid of obamacare looks like going to vote against the last chance the republicans have to get rid of obamacare for at least a year. and they are -- cassidy grand cassidy, kills the individual mandate removes employer mandate kills meed tax rid of structure of obamacare subsidies phases them other side players replaces them to f out how the to solve the problem of people who do not have health insurance in those states where program designed by people of the state the governor of kentucky is in favor of this bill because he wants to be able to design a program, that meets the needs of his state sick and tired of being dictated

my head. coming up this morning, treasury secretary stephen mnuchin is with us because of the tax plan. house ways and means chairman kevin brady has been working on this for a long time. he will join us with house majority leader kevin mccarthy just out of his meeting. take a look at the details to tell us whether this has a chance of passing. congressman john garamendi has some issues he will talk with us about that. plus, newt gingrich is but does. big show has committed three hours. you don't want to miss a moment of it. our top story is the wait is finally over. after months behind closed doors, president trump and lawmakers revealing their framework for tax reform. on the corporate side come the plan envisions cutting the corporate rate to 20% from the current 35% in reducing taxes and pass their businesses to 25%, imposing a one-time repatriation tax to encourage companies to bring usher packages back to the united states. that is likely going to be 10% of the individual plan for individuals to collapse the number brackets from seven to three. those brackets as you heard he

from washington is her treasury secretary, stephen mnuchin. thank you for joining us. >> great to see you as well, maria. maria: first question kerry mr. secretary, heidi pushback on the talking points when you were coming from the left in that it is as a tax cut for the rich. >> maria, not a tax cut for the rich ands the president has id companies focused on income taxes in the wealthy not going down and we've been working on that, we'll continue to work with congress on that. we've eliminated almost all deductions. so for the rich, that means although the tax rate came down some, all the deductions disappear which pays for it. maria: you make a good point. an op-ed in the paper yesterday from stephen king marion, the ceo of metlife who writes there's 4000 tax lobbyists in washington are waiting on marching orders from people like him. ceos trying to get as many deductions in their. and you say no, we are just going to keep it to these three. >> that is correct, maria. we are focused on closing loopholes. this is about giving people a middle-income tax cut, tax simplification and mak

congress to get that through. maria: stephen mnuchin this week and basically said he doesn't have the money in terms of getting the money needed to go to taxpayers unless the debt ceiling is raised. our top story this hour right now and congress returns from summer recess. first, lawmakers will vote on an initial request for $80 billion in disaster aid for vick to visit hurricane harvey. the house is set to take up the measure tomorrow. joining me now from capitol hill is house majority leader kevin mccarthy. majority leader, good to see you. thanks for joining us, congressman. welcome back. he just returned from texas. can you tell us what you saw? >> i spent the last two days during the portion of texas. some of the small cities, water towers are wiped out, schools can't dart, but the optimism i find with each place i went to was amazing. they've gone through number search and rescue portion. now they begin the rebuilding of it. i saw the best of humankind. families would come from other states just to feed people, just to provide clothing and others with the whole community get

secretary stephen mnuchin is calling for it. the fall from harvey driving gasoline prices higher again hitting a two-year high and ease ahead. the broader averages come broader averages coming down industrials up 10 points. nasdaq up seven points right now. in europe, stocks are under pressure. the major indices this morning with the ft 100 one half of 1%. in asia overnight, markets close mostly lower with the exception of china. headed to north dakota this afternoon the tax cuts directly to the american people. leaders from the american's largest companies are taking on the president and his move to eliminate deferred action for childhood arrivals known as daca. what they are saying they had. cheryl casone here, kevin kelly and people's corp. founder and chairman don people's. good to see you be back. >> thank goodness we've been waiting about this for so long. i don't think so. they will get done what they need to get done. tax cuts by the end of this year. everything else is just the hurricane relief from harvey to the debt ceiling debate is very controversial and doubtful, on

stephen mnuchin here this morning to talk tax reform in the meeting yesterday. house foreign affairs committee lee zeldin is here in attorney general pam attorney general pam bundy joined us as well. you don't want to miss a moment of it along with this fantastic panel. at least 10 people dead this morning as hurricane irma terrace to the caribbean. the deadly storm packing winds of up to 180 miles an hour as it heads towards florida this morning as well as georgia and south carolina. senior meteorologist janice dean tracking the storm from the weather center. >> very atomic category five hurricane irma sites on the bahamas, turks and caicos, south florida in the keys. any good news come good news come of this storm spares the worst of the winds, worst of the storm surge for puerto rico. they still got tropical storm force winds, certainly storm surge and flooding rainfall, but the worst of the storm come in the core of strong wins miss puerto rico. however, parts of the caribbean did not get mystery of devastation in places like saint maarten. future raider as we go in bahamas, turk

treasury secretary stephen mnuchin, jpmorgan ceo, jamie dimon and many, many more. live there starting at 6:00 a.m. eastern. actually starting at 5:45 promoing the show. >> there you go. >> on world wide exchange. >>> we'll be right back. i count on my dell small business advisor for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ 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. so you can get business done. you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain.

possible to match them in order to win with our economy, jobs and wages. as you know stephen mnuchin said at delivering alpha that a 15% rate is unlikely, last night the head of the freedom caucus told reporters that gop leadership is aiming for something like 20%. >> big mistake for pelosi and schumer -- negotiation 101 with donald trump do you not come out and put out a statement that puts him in a box so he can't look like he's at least participating in a win. >> unless you're playing politics -- >> and you're not involved in this i thought it was terrible. how do you go a dinner and put out a statement like that and think that you're actually -- especially after there's been this kumbaya moment supposedly >> we'll see >> i think that they think that -- they probably are getting close to where something is getting done. >> the idea of going out and saying there's no wall, and saying they agreed to these things, and we're walking away with everything we want. >> the 15% we heard ylan talk about and mnuchin, what he told us he was on brett baer last night. it's funny brett was referencin

secretary stephen mnuchin, jamie dimon, ray dalio and many more we'll be there live a week from today. for more details on this, go to delivering alpha.com "squawk box" will be right back. people don't invest in stocks and bonds. they don't invest in alternatives or municipal strategies. what people really invest in is what they hope to get out of life. but helping them get there means you can't approach investing from just one point of view. because it's only when you collaborate and cross-pollinate many points of view that something wonderful can happen. those people might just get what they want out of life. or they could get even more. what they want out of life. you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers

>> we'll be there, bright and early, and then have, should be interesting. mnuchin. >> yes, stephen mnuchin, treasury secretary talk to him about a lot of things especially what's happening to the tax plan of interest to all of us a quick look at futures sharply higher all morning long. see now, dow futures up by close to 150 points. >>> that does it for us today. join us tomorrow right now it's time for "squawk on the street. >>> welcome to "squawk on the street." i'm carl quintanilla with david faber and jim cramer back at new york stock exchange. we're on the gulf coast. you can see direct sunlight first time in a couple days. even though irma is weakening making its way north, a lot of wind out of the west as we are on the dirty part of the storm big, tough recovery challenges this morning down here in southwest florida. namely, the painstaking process of restoring power to 6 million people, getting gasoline back in these ports. jim and david, going to be a big story in port tampa bay later on today, which handles 37 million tons of cargo a year a third of all cargo that comes i

like treasury secretary steve mnuchin. >> it's not about race, it's not about free speech. they can do free speech on their own time. ( stephen mimicking ) >> stephen: i actually find it upsetting how easy it is for me to do an impression of him. ( laughter ) it's not good. got to moisturize. ( laughter ) you can do free speech on your own time, okay? >> jon: right. >> stephen: the constitution's not an all-the-time thing! you've got to read the fine print on the bill of rights. "some restrictions may apply." "available only at participating long john silver's." ( laughter ) ( applause ) ( piano riff ) trump also complained that the football isn't violent enough. >> today, if you hit too hard, if they hit too hard, 15 yards, throw him out of the game. they have that last week. i watched for a couple of minutes and two guys just really beautiful tackle. boom. 15 yards. they are ruining the game! right? they're are ruining the game. >> stephen: there's nothing wrong with brain damage. look how far i got. ( cheers and applause ) >> jon: oh! >> stephen: hello, everybody. ( cheers and ap

admitted to the general assembly. the honorable steve mnuchin to the imf african development bank, and her development bank, international bank for reconstruction and development. european construction development, african development and asian development bank. mr. stephen king to be ambassador to the czech republic and the honorable john bath to be ambassador to afghanistan. all those in favor of an en bloc vote, do we have a section on not? all those in favor say aye ko. opposed? would back him the eyes have it. now we have two other members that we will vote -- do you want to vote vote on the two of them together? >> are they to do that separately make a brief statement. next i would like to call up -- >> mr. chairman, with your indulgence can i say a brief word about mr. bass? i just supported his nomination and i think it's eminently qualified this is the bush record of foreign service aired i submitted a question for the record to mr. bass and related to send, the kubla compact which is the benchmark for reforms by president connie and chief executive abdullah. and my question, esti

within a country, that is doing business with north korea. speaking on fox news sunday, stephen mnuchin said that he has a slate of new sanctions ready for the president's signature. >> i did speak with the president and it's clear this behavior is completely on acceptable. we have started was sanctions against north korea but i'm going to draft a sanctions pink trim package to send to the present first on consideration. anybody who wants to do traitor business with them would be prevented from doing trade or business with us. will work with our allies, with china, the people need to cut off north korea economically. this is unacceptable behavior. >> looks like it'll be the united nations security council and nikki haley has called for an emergency meeting for 10:00 o'clock tomorrow morning. >> molly: you're a truly remarkable day. as john mentioned, un ambassador, nikki haley called for the emergency security council meeting first thing on monday morning. south korea also condemns this test. rich, the u.s. is looking at the next potential diplomatic step. >> that's right. good evening. the

going to reduce taxes. given what you have heard so far from his administration, whether it is stephen cohen, whether it --whether it is steven mnuchin, or gary, what is your take on whether congress can come up with tax cuts and an offset to that? john: the wait has been done is on a bipartisan basis. i was on the tax-writing committee in the senate, and everything that was done in the finance committee had to be done on a bipartisan basis. now that is shot. the regular order, which is what they call the normal legislative process, really doesn't exist anymore. the democrats, 45 of the 48 democrats, have set forth their ust be inor what m a tax bill, which isn't exactly a move toward bipartisanship. so now, they are talking about doing this and reconciliation, which means it can be done by republicans alone. that is really too bad. it is not the way to legislate, in particular, tax legislation. julia: what is your views on what is going on in north korea, given your former role as u.s. ambassador to the united nations. situation that a has gone on for many years now, but it does feel