Skip to main content

tv   MSNBC Live With Stephanie Ruhle  MSNBC  May 10, 2018 6:00am-7:00am PDT

6:00 am
for mccarthy. so you can make that argument. joe mccarthy is a character in the book. roy cohn, and that debate, are we becoming that which we loathe, that which we oppose, is one that played out in the '50s and we're going through it again. >> all right. hey, jake, we -- unfortunately, the mike pence news shortened this segment a bit. i tell you what we'd like to do, a little bit of housekeeping. we're already over. it's not the first time, won't be the last time, we apologize, but we'd love to do a post-tape with you right after this, put it up online or maybe put it up on tomorrow's show. thank you so much. we greatly appreciate it. thank you, guys, for watching us. the book is hellfire's club, jake tapper. >> stephanie ruhle picks up the coverage right now. >> thanks so much, mika, thanks, joe. hi there, i'm stephanie ruhle. this morning, we've got a lot to
6:01 am
cover. starting with back on u.s. soil. the president greets three american detainees freed from north korea, expressing renewed hope that this is just the beginning. >> i'm very honored to help the three folks. the true honor is going to be if we have a victory in getting rid of nuclear weapons. >> and promising influence? the president's longtime lawyer facing accusations he was selling access to the white house. others just see this as the swamp overflowing. >> what you're seeinging is the fundamental corruption of the american political system. how rancid the swamp really is. >> this as the treasury department investigates how stormy daniels' lawyer obtains cohen's banking records in the first place. and a race to the future. some of the big corporate names in tech heading to the white house today to discuss artificial intelligence with president trump. but is the trump administration
6:02 am
too far behind the curve to win or even know how ai works? we begin of course with those three americans freed by north korea, back on u.s. soil this morning. extraordinary, president trump calling it, quote, new footing in the relationship between the united states and north korea. here's the big question now, how will this powerful political move by the north factor into the critical meeting set to take place between president trump and of course kim jong-un? i have the best team here to break all of it down and give you latest details. first, let's get you up to speed on exactly the dramatic return of these three americans in the early hours this morning. president trump personally welcomed these men home, after their plane touched down at joint base andrews at 2:42 a.m., more than 20 hours after they were handed over to u.s. officials at a pyeongchang hotel. the men spent up to two years in detention, accused of crimes against the regime.
6:03 am
>> i'm very honored to have helped the three folks. >> have you spoken with him on the phone? >> i got to speak with them on the plane. these are great people. they've been through a lot. but it's a great honor. >> have you spoken to kim jong-un? >> the true honor is going to be if we have a victory in getting rid of nuclear weapons. >> president trump also shared optimism ahead of his historic meeting he is set to have very soon with the north korea leader, listen. >> we're starting off on a new footing. this is a wonderful thing that he releelased the folks early. that was a big thing. very important to me. i really think we have a very good chance of doing something very meaningful. >> let's go live to nbc's kelly o'donnell who is at the white house who has basically been up all night. you were there at the white house talking to us. talk to us about how exactly it played out, how these men are doing this morning. have they seen their families? >> we don't have an update on
6:04 am
where the three men who have been released and if they've made those reunions yet. they were taken to walter reid for some additional follow up. it would make sense for them to have some level of debriefing with officials as well as some health care intervention if any is needed. we have not been given word about reunions. in part, that may be due to secretary of state pompeo has wanted to walk a fine line of respecting their privacy, especially at this very sensitive time. it was an unusual night here of course, stef, at 2:00 in the morning, the president and first lady coming out on the south lawn to travel to joint base andrews. for what was a celebration but also one with a serious undertone, knowing that the summit between president trump and kim jong-un is expected within a matter of weeks. it was also notable that these three released americans actually came forward with the president in front of the cameras and briefly gave us an
6:05 am
insight about a little bit of what they've been through. here's a moment from the tarmac that was really quite riveting. >> how does it feel to be home? >> how does it feel to be home? >> it's like a dream and we're very, very happy. we were treated in many different ways. for me, i had to do a lot of labor. and when i got sick, i was also treated by them. >> certainly good to see these three men able to walk down the steps of the airplane. they appear at least on the surface to be in reasonably good condition. but hard to imagine what they have been through. and the longest tell since 2015, president trump was not in office at that time. one wondered what information they even had about what was happening here in the united states during their time of imprisonment. under circumstances that were
6:06 am
certainly against the norms. north korea has taken american hostages before as a bargaining chip. this certainly played out this way. and of course this was imperative to see these three americans released before there's any serious meeting between the president and kim jong-un. we expect in the next couple of weeks. >> and what do we know about that meeting? have they given any updates? >> they're sort of narrowing the window of time, saying today, tomorrow, perhaps into the weekend, they will tell us where, although all signs point to singapore, because they've publicly acknowledged a couple of locations and the president has dismissed a few of those. so singapore would represent a neutral site in asia so it would be a shorter distance for kim jong-un who typically does not travel by airplane any great distance. and it would also be in the region where certainly the implications s of denuclearizan
6:07 am
would be felt right there. emphasizing that the date and the place is set. sort of building the anticipati anticipation. there's a risk in that, of course, of building expectations as well, stef. >> i want to bring my panel in. ned price, an msnbc national security analyst. bobbie goush, foreign affairs analyst. tim o'brien, bloomberg opinion. and my friend reverend, host of make it plain, on sirius xm progress. i want to share what trump said about the timing of the release of these three americans. >> we very much appreciate he allowed them to go before meeting. it was sort of understood we'd be able to get these three terrific people during the meeting and bring them home after the meeting and he was nice in letting them go before the meeting. i mean, frankly, we didn't think this was going to happen, and
6:08 am
it -- >> what do you make of that timing? i mean, first of all, i struggle with hearing the president talk about kim jong-un as nice. >> you know, stephanie, he wasn't nice in taking these three men hostage in the first place. and many americans before him. but, look, i think all signs point to the fact that kim jo jong-un wants to have a summit with president trump and kim jong-un wants to do all he can to see to it that summit is successful. this is what kim jong-un and his father, in fact, have long sought for decades, to be on par with the american president. in some ways, this is where the hard part begins. and i am skeptical that this could lead to a different outcome from what we've seen before. and that's because in some ways we've seen this movie before. we've seen king jong-un release three americans before. we've seen kim jong-un and his father talk about denuclearization. but it has really stopped there. and so the question is will the
6:09 am
administration be able to get to something beyond what we've seen before. and i'm skeptical because we know what any deal with the north koreans would look like. it would mean upfront denuclearization before any sanctions relief. it would mean a comprehensive accounting of the north korean nuclear program. it would mean the implementation of a stringent monitoring regime. i'm skeptical because that's what we had in iran and that is precisely what president trump jettisoned less than 48 hours ago. if it wasn't good enough for iran, how are we going to get to something even better with a country that has a more advanced nuclear weapons program with actual nuclear weapons? >> i see you shaking your head. weigh in here. >> the president's characterization of this as he released these people before the meeting. the way i see it, he released these people after the meetings. two meetings with pompeo. let's not understate the importance of the two visits
6:10 am
pompeo made. serving director of the cia and the serving secretary of state of the united states has gone to pyongyang and shaken hands with kim jong-un. never happened before. just that, if there was no trump visit, if there was just those two visits, that's a huge deal. that allows kim jong-un to claim a degree of legitimacy that he did not previously have, so if releasing these hostages -- >> yes, but isn't that -- >> if there was a price for it, just pompeo going is price enough. >> a huge win for kim jong-un to say here i am on the world stage mano a mano with the united states. if pompeo had not had those meetings, we wouldn't have these three americans home. >> look, i think -- i agree with what bobby just said, i think it's already a victory for kim to get the most powerful man in the world to travel to his region for a meeting. that shows kim that -- his own constituency and others in the
6:11 am
region that he's got pull. the real victory here is whether or not you end up with a north korea that doesn't have nuclear weapons. until then, all of this is stage craft. yesterday, the president said during a campaign meeting, you know, he humble bragged about getting a nobel peace prize. he said, some people should say i should get it, i would never say that. of course, he would say that. what i really want is world peace. i think that's an interesting and revealing and important statement by the president. this is beyond just north korea. the united states needs to have a global disposition towards the creation of world peace. and in the context of what we've already seen in iran, we have people in the white house who are freelancing in different directions. overnight, we already have the first military exchange between israel and iran since 1973. this is a day after trump pulls out of the iran nuclear agreement. so where's all of this leading and holistically, what is this white house's plan for a diplomatic effort that actually
6:12 am
ensures global stability and just doesn't ensure these one off moments where the president gets to be at center stage? >> do you think that kim jong-un deserved to have a face-to-face meeting with president trump? he is not his peer. he is a brutal dictator who starves and imprisons his own people on one hand. on the other hand, north korea does have nuclear power. it was president obama who told soon to be president trump north korea is the big issue you need to deal with. and that is what he's doing, he's dealing with it. >> probably shouldn't have said that because it will probably blow up the negotiations. if you mention obama or give him credit. because, you know, trump wants to count everything obama did. obama did warn him about that. but remember, trump's own national security adviser, john bolton in 2008, and quite frankly, john mccain, came down on obama for even considering his own conversation with the kim regime at that time.
6:13 am
these are two crazy leaders using each other for legitimacy. kim jong-un is seeing his own legitimacy. trump is also trying to cover up from all of his other scandals. there is no good faith in us thinking trump is some peacemaker. you can say we're going to negotiate for nuclear disarmament in one company while we enable another country to go back to enriching and building nuclear weapons as is the case with iran. you can't say you want peace while you're instigating a conflict between israel and iran which we just saw. and there's also -- very questionable because what hurts our credibility with all of these countries and, you know, kim jong-un might want to consider this, you just put forward, nominated, a torturer in chief to be ahead of the krooi acia and that affects us all over the world.
6:14 am
we only wblew up the iran deal because that came from obama. this issue of dealing with north korea came from obama. he may blow that up. >> only to the iran deal, maybe to please sheldon alderson. what do you think? >> look, the deal -- >> you're talking north korea? >> north korea and trump and kim. it won't just be what they agree that matters. it will be who the guarantors are. from north korea's point of view, the guarantors have to be south korea and china, two countries that he needs to invest -- >> -- south korea would said trump should get a nobel peace prize though. >> right. what kim needs is investment, he needs money, he needs his economy to be brought back in some kind of shape. the united states is not going to give him money. the chinese and south koreans are. he will want, after what he's seen in north korea, he will want to see more of that money up front. he will want the chinese and the south koreans to guarantee that
6:15 am
he won't fall into the same situation as iran does going forward. does he give up all his nukes up front? i don't know. it seems very unlikely. more likely, he will set up a kind of calendar. he'll say i'll give you this if you give me that. >> this is a country that's suffering and starving. the only power they have is nuclear power, why would they give it up? i want to show one more thing the president said last night. take a listen. >> so i want to thank you all. it's very early in the morning. i think you probably broke the all-time in history television rating for 3:00 in the morning, that i would say. >> why would he say that? ned? >> stephanie, he would say that because all of this, including matters of national security, it is a reality tv show to him. look, you look at what he said on twitter. several days ago. certainly well before the release of these hostages of these detainees was guaranteed.
6:16 am
he said there could well be good news coming out of north korea. stay tuned. you had rudy giuliani who does not have a security clearance, who doesn't even work in the white house, allude to the release of these three gentlemen before they were safely in u.s. hands. that is incredibly dangerous. if the north koreans thought we were spiking the football, if we thought that this was guaranteed, they could have pulled this back, but this is a president and this is an administration that care about cliffhangers. they care about suspense. they want to turn this into a game. that is precisely what we saw again last night. >> mr. president, ratings work for tv networks. i'm not sure they work for an administration. especially when we're talking about countries with nuclear power. thank you all. we got to move on. we are following reports of an exchange, tim mentioned it just a moment ago, of fire between israel and iran. increasing the risk of a wider regional contact.
6:17 am
all coming of course after the u.s. chose to pull out of the iran nuclear deal. nbc's cal perry is monitoring the situation from our london bureau. i've heard people say things as if this is the whiff of a beginning of a world war iii-type scenario. >> the closest the world has ever been to all-out war between israel and iran. israel and iran, their militaries have never fired at each other until last night. 50 targets hit inside syria by the israeli air force. every one is calling for calm except the united states. a statement from the white house a few moments ago. the united states con tems the iranian regime's provocative rocket attacks from syria. we support israel's right to self-defense. there's a map of targets israelis say they hit. when the u.s. talks about israel's right to defend itself. 20 rockets fired by the iranian military falling into the occupied golan heights last night. the only problem with using the
6:18 am
word retaliation here, stephanie, let's be clear about this, late tuesday night into wednesday morn, the israelis were pummeling targets across syria while going on high alert, while opening the bomb shelters. today, there's going to be an emergency meeting of the cabinet in israel. some israeli headlines read this was the first day of a new war or is this now going to be the coming war. as you said, world war iii. let's hope not, stephanie. >> i take you back to i believe it was inauguration night when the president said my son-in-law jared kushner, he's going to be the one to create peace in the middle east. what have we heard from jared on this front? nothing. >> yes, nothing. don't forget that embassy is opening up next week in jerusalem. >> yes, the signs are already up. thanks so much, we're going to take a break. next, president trump's personal lawyer and fixer facing accusations he sold access to the trump administration. but is this just standard operating procedure for swampyp companies involved got a bad deal, specifically the drug cop
6:19 am
n norvartis that paid cohen $1.2 million for insights into the administration. >> they paid $1 million for access to the same administration that let michael wolf just sit around writing down everything he saw? no wonder drugs cost so much. s . to bring together a group of remarkable people. to help save the universe... from paying too much on their car insurance. hey, there's cake in the breakroom... what are you doing? um...nothing? marvel studios' avengers: infinity war, in theaters april 27th. now...where were we? let's do an ad of a man eating free waffles at comfort inn. they taste like victory because he always gets the lowest price on our rooms, guaranteed, when he books direct at choicehotels.com. or just say badda book, badda boom. book now at choicehotels.com.
6:20 am
6:21 am
or just sure. baddamom,what's up son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us.
6:22 am
i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. [ chuckles ] download the xfinity my account app and set a password you can easily remember. one more way comcast is working to fit into your life, not the other way around. the president promised to gain the swamp. does he feel it's appropriate
6:23 am
his personal attorney was selling access to him? >> i'm not going to weigh into this. that's a determination individual companies make. >> has the president taken any action during his administration to benefit novartis? >> that of course was white house press secretary sarah huckabee sanders deflecting questions about michael cohen and his number one client president trump. it comes amid new allegations that cohen offered access to the trump administration in exchange for millions of dollars in corporate cash. on wednesday, the president's attorney, rudy giuliani, tried to squash any allegations of pay to play, telling nbc the president was not involved in cohen's business dealings. at the same time, cohen's attorneys are attacking michael avenatti, the lawyer who first produced the documents in question. they told the judge that only some of the records appear to be accurate and they accused avenatti of distorting the information. the treasury department now
6:24 am
investigating to see if anyone broke the law accessing the underlying information that reportedly shows over 4 million bucks in corporate payments to cohen's company. we should note nbc has reviewed documents and determined that they appear to support avenatti's account of the transactions. i want to bring in tom winter, an investigations reporter with nbc news. first go through that with us. how much of the report that avan netty put forward is accurate? because it seems it's not 100% true. >> that's correct, stephanie. it is not 100% accurate as it pertains to michael cohen, the michael cohen we're talking about, the president's attorney. there are several sections of avenatti's report which details a number of payments. some of those payments came from at&t. those companies have acknowledged they made those payments. in the court filings, michael cohen's attorneys essentially conceded that point as well. there were a series of other
6:25 am
transactions. some foreign bank accounts in asia. those accounts a peer to belong to a different michael cohen. in one instance, a michael cohen that lives in canada. there were a slew of financial documents. some of those documents now a peer to belong to an entirely different michael cohen or are associated with different michael cohen's. but, again, not the president's personal attorney. so that's the discrepancy there. >> i want to bring in my panel. tim, to you first. michael cohen has always been a side hustler. we could find it's not illegal. it's somewhat of a sleazy business. they go to companies. they say i'm going to help give you access to an administration, to an influencer, to another company. i'm going to help you speak the language they speak. could that have been the argument michael cohen made? >> i think that is probably the
6:26 am
argument michael cohen made. trump has always been surrounded by people who are willing willy-nilly to hang out a shingle to make a buck. i think michael cohen isn't the only example of this from the trump crew that was involved during the campaign and the transition. i think many of them thought the president wasn't going to win the election and they were trying to make a fast buck. we saw that with manafort and we see it now with cohen. i think these transactions for the most part are just pure pay to play scenarios. you had a major communications company at&t, a pharmaceutical company, a korean aeronautics. trying to tee themselves up with the white house. to get what they wanted from policymakers. they thought that michael cohen could deliver that. >> if that's the case, who's at
6:27 am
fault? michael cohen or -- i mean, at&t, a major u.s. employer public company that needs to get approval for a massive multibillion dollar deal hiring the guy who fixes president trump's -- and covers up his affairs. >> the thing we need to try and discover and investigate is how did they find out about michael cohen. >> michael cohen knocked on their door. that's no surprise. >> who is he? you just can't walk up to the ceo of at&t and say hey, look at me. >> he was out there, he was a visible trump adviser. >> people knew he was a surrogate, he could get himself -- >> that's my point. he's nobody without trump. so they knew they were in bed with donald trump when they hooked up with michael cohen. for at&t, not only the merger deal, this coincides with the whole debate around net neutrality. at least for korean air, there
6:28 am
are reports they're about to get part of a pentagon deal. so i think there's calmability on both sides. were they aware? i'll give them the benefit of the doubt. part of the money they're sending in was also going to be used. as a fund to get into trouble with some of the women he's been involved with. this is pretty bad. cohen especially and most especially trump. he was the one running around saying to the base and they all loved him, drain the swamp. this was the swamp. >> in terms of what this says to his base. president trump's entire wrap was the clintons walked too close to the son, cozying up with corporate america. hillary clinton getting paid big
6:29 am
dollars to give speeches at goldman sachs. there's nothing she can say that that's profound or interesting that would warrant that kind of money. now fast forward, that's exactly what we're seeing from the swampiest of the swampers around the president. >> it's interesting, several people that made this the cottage industry and the major industry it is today are two people that were close to president trump at various points during the campaign and that's paul manafort and roger stone. they kind of prior neioneered t. we did research into both individuals. in the late '80s, pioneered this idea of access. we have the right rolodex, at the time, now cell phone, to be able to reach the right people. it doesn't mean this is illegal in any shape, form or manner. michael cohen can go around and say, hey, look, i can't get you inside the white house, i can make sure you're talking to the right people, i can make sure your phone calls are being returned. all those type of things don't
6:30 am
make it illegal. whether or not you, myself, the people that are watching, think that that's behavior that's appropriate in our democracy, in our republican, that's an entirely different matter. but as far as from a standpoint from a legality standpoint, it's not necessarily an issue. unless somehow somebody said look, if you pay me, i'll make sure to take care of the president and then the president can make sure that certain legislation is enacted or certain regulationings are either removed or added, whatever it may be. we've heard nothing to that effect. it's important to note also that michael cohen hasn't been charged, although prosecutors did say in court testimony that they were aware of some sort of corporate agreement. so perhaps the possible they were very much aware of the agreements between at&t, novartis and some other companies you mentioned before. both at&t and novartis said they had spoken to mueller. where that investigation stands today is something we're going to have to watch, see how that
6:31 am
kind of comes into it. because presumably, stephanie, they would have been able to deal additional information and evidence to see if there was a crime here at this point. >> i would love to say i'm shocked and never heard of business like this but sadly, in my life, i feel like i've seen loads of this. it's revolting. but in my experience, not illegal. but we're leaving out that russian money, russian money may be tied into that. and that's what i don't get here. >> so let's put these major well-known global corporations aside and talk about this little tiny entity called columbus nova that no one heard of before that also gave money to cohen. >> michael cohen heard of it before. >> and that entity is tied to victor veklesburg, a major russian oligarch tied to the kremlin. >> who is tied to the -- >> the issue that is raised about that particular payment, i
6:32 am
think it's apart from all the other ones. the kremlin wanted economic sanctions against russia lifted. not comfortable with the u.s. pushing back on russia's annexation on ukraine. any extend any of these diplomats are approaching people in the trump universe, even minor players like michael cohen, in an effort to pay money essentially to get a quid pro quo in the form of a policy change around things like economic sanctions, that's matter for robert mueller to consider. >> okay so right there, so even if we can accept at&t, novartis, they don't know the president, they need to understand how hi op he operates. cohen cohen knows the pressure he's under, the spotlight and possible collusion in the campaign, what's he doing, accepting money or doing business with a russian who wants to understand the president better? we know how crippling the
6:33 am
sanctions are to russian business. >> well, he's enabled, still, by his client who said he can go out here and shoot someone in the middle of fifth avenue and get away with it. >> sadly, he is correct. >> he may be. that's the thing that's very scary about this. he feels the power to do just that. to negotiate with them, to get money from them. mind you, we go back to what some of that money was used for. if you had russian interest that wants to kick president trump up to begin with. these scandals so he stays in power so maybe he can doway with the sanctions. that's exactly what he is, he's their puppet. >> a few hundred grand is no g biggie to any of these entities. the recent uptick in oil prices driving the market. my friend dom chu joining us. what's going on?
6:34 am
>> the dow could be, if it holds gains today, hypothetically, could be a six-day winning streak for the dow. the markets are being driven higher by some bullishness in technology because apple is getting right back to near another record high again. some bullishness, other tech stocks out there. whether it's coming down to if oil prices are here to stay. there's anticipation in the oil market the u.s. might leave the iran nuclear deal. we got it on the record now on tuesday. those elevated oil prices are driving energy stocks higher. you're watching shares of companies like exxon mobil benefiting from higher oil prices. we know gasoline prices sit nationally right now for regular unleaded at around $2.84. a year ago, it was $2.34. a 21% increase in fuel costs alone. if this continues in this way, it could put a damper on summer
6:35 am
spending. we do see some signs that perhaps, stephanie, middle of the summer, late summer, those gasoline prices might cut back. so perhaps a little relief at the pump. >> is the market thinking at all about these three americans who are released from north korea who made their way home just after 2:00 a.m. this morning? is that going to give the market a sense of confidence that we're going to have better relations? last year the market shrugged it off. >> when all the rocket man conversations were happening, the market didn't seem to care. didn't matter that test missiles were being fired over japan and what not. what it comes down to is whether or not the markets are trying to figure out whether president trump can do something on the north korean front. obviously three hostages being released is a great sign of good faith. whether or not that can be translated into broader talks with instability in the region remains to be seen. what we can say is overnight the asian markets did show some
6:36 am
signs of strength. south korean market, japanese market, chinese markets on the main lane all did fairly well. it's too early to call whether or not this is going to be something that's long lasting. >> all right, thanks, dom. dom, you sound like you have a cold, you need a steam and a netty pot, my friend. up next, my favorite part of the show. why one ceo says it is time to give equal benefits to every worker. leave it to a woman founder to take this approach. home loans. but if that's not enough, we offer our price match guarantee too. and if that's not enough... we should move. our home team will help you every step of the way. still not enough? it's smaller than i'd like. we'll help you finance your dream home. it's perfect. oh, was this built on an ancient burial ground? okay... then we'll have her cleanse your house of evil spirits. we'll do anything, (spiritual chatter) seriously anything to help you get your home. ally. do it right.
6:37 am
6:38 am
with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually,duncan got his $500,000 for under $28 a month.
6:39 am
less than a dollar a day. his secret? selectquote. in just minutes, a selectquote agent will comparison shop nearly a dozen highly-rated life insurance companies, and give you a choice of your five best rates. duncans wife cassie got a $750,000 policy for under $22 a month. give your family the security it needs at a price you can afford. we see two travelers so at a comfort innal with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. book now at choicehotels.com
6:40 am
you know money, power, politics is my favorite part of the show, but today, let's jack it up even higher. we're talking about workers and benefits. lawmakers cannot seem to make any movement towards legislation to protect workers. so companies, companies, are starting to take matters into their own hands. the issues that are front and center, wage inequality, family leave and the two tiers of employees that can have completely different experiences or benefits working for the exact same company. one extraordinary ceo believes it is time for corporations to treat workers fairly. she's starting it with her own company. jennifer is the co-founder and ceo of rent the runway, welcome. i saw you op-ed in "the new york times" this week and thought it was stunning. the time for business leaders to step up and fulfill not only
6:41 am
their fiduciary duty to shareholders but also the moral duty to society to treat every worker equally. what are you doing? >> well, we equalized benefits across all of our employees and all of our teams. i realize that i had inadvertently created two classes of employees at my own company. and further perpetuated income inequality and lack of mobility. so my more educated, relatively more privileged corporate employees were getting very generous parental leave and bereavement policies and my warehouse and customer service employees were receiving bare bones policies that left them with not only no flexibility but limit eed ability to care for a ill loved one or grieve after the death of a family member. and it is really to rob someone of those experiences is to rob
6:42 am
them of their humanity. >> other corporations, other ceos might say i simply can't afford to do that, i have to focus on my shareholders and my bottom line. i have to offer good benefits to my college educated employees but my factory workers, they're more disposable. what do you say to those ceos? >> i would say while this might seem like it's expensive in the short run, in the long run, this is actually going to save my business money. it's going to lead to higher employee retention, lower training costs, higher productivity. we know that 70% of millennials, with is the majority of the labor force at this point, wants to work at companies that exemplify their values. i think that even more so, there are hidden costs that exist that ceos don't even know about or understand. so for instance, a employee in my warehouse team, when i announced the new policy of paid family sick leave, expressed that she had intended to quit
6:43 am
her job the following week because her own daughter was getting a c-section and she needed to stay home and care for her daughter. beforehand, she didn't have that flexibility to actually take paid family sick leave. she was intending to quit. i never would have known the reason why she was even leaving. so there is so many examples of this that are hidden to emplo r employers. >> so would your message to the administration may be why don't they put policies in place for this? there are a lot of ceos who don't think the way you do. they could be forced to if the government makes them. >> i think it is a shame, and shame on us from citizens that we didn't demanded this from the government. business leaders need to step up to be moral leaders and to actually recognize that they're in positions to effect millions
6:44 am
of people in their lives. and no one person's life is more important than another person's life. i had a child last year and even though i'm ceo of rent the runway, my having a child is not more important than any other company at my company having a child. >> did you get any pushback from investors who would say this isn't going to help our bottom line? this is a bold move. >> i didn't. my board was extremely supportive. and was so supportive of this and understood that it would end up not only saving us money but also contributing to retention across the board. one of the things that was remarkable to me is when i launched this at the company, the employees who were the most excited about these changes were my corporate employees. i didn't even change benefits for my corporate employees. i just equalized them amongst everyone. but my corporate employees were so excited that we were actually
6:45 am
walking the walk when it comes to our values of empowering people. >> i am excited to learn about this, to hear about this and to get to spend a few minutes with you this morning. that is called great corporate leadership. thank you so, so much. i'm so glad you wrote this piece. i'm so glad you're doing this. the future, my brothers, is female, get ready. up next, some of the biggest names in technology headed to the white house today to discuss artificial intelligence. but with countries like china and russia making massive investments in what many see as the future of competing is the united states too late?
6:46 am
woman: i stay active by staying in rhythm. and to keep up this pace, i drink boost optimum. boost optimum with 5 in 1 advanced nutrition helps support muscle, energy, bone, normal immune function, and vision. boost optimum. be up for life.
6:47 am
6:48 am
♪ better than all the rest boost optimum. ♪
6:49 am
applebee's new bigger bolder grill combos. now that's eatin' good in the neighborhood. the race to lead the world in artificial intelligence is on. and google may be getting a big head start. take a listen to google assistant's new skills. >> hi, i'm calling to book a woman's haircut for a client. i'm looking for something on may 3rd. >> sure, give me one second. >> uh-huh. >> sure, what time are you looking for around? >> at 12:00 p.m. >> that's super creepy. you know why, that was a bot, not a human.
6:50 am
today, the white house is set to host leaders of google, amazon and dozens of other u.s. companies in hopes of expanding america's reach into artificial intelligence. drew harwell is a business reporter for "the washington post." he drew is with me and jason, senior tech editor for nbc news.com. i think this is massive because we have not heard a peep out of this administration about artificial intelligence. i joke that trump things a.i. is a steak sauce. where are we in terms of global leadership? vladimir putin said whom ever owns a.i. will control the future. trillions of dollars are being invested by other governments. >> united states is still a major player. we have some of the biggest companies in the world with the best talent in the world developing in other systems. we are seeing them roll things out. that is technology like for the
6:51 am
first time in a while i went that is next level. it's not accurate to say we are falling way behind. >> you are talking about corporate america. it is one of the white house listening tours or is this administration prepared to dig in, invest and get in the game? google doesn't seem like one of president trump's beloved companies. >> i think that remains to be seen. a lot of companies do incredibly well but have been wondering where the government is. you look at somewhere like china. there is a huge statewide push to push companies to the forefront of a.i. and military and commercial arenas. you haven't seen that in the u.s. maybe this is a good step or suggestion that government will be spending more money allowing the regulation to help these companies push forward. i think they will be going to
6:52 am
the white house wondering whether they will get the support long term. >> regulation is tricky because right now in the united states we are talking so much about data and privacy. compare that to china where there is no regulation. the government, they can monitor anything they want. >> i guess it depends on how you look at regulation. you can argue china is most regulated. that does give advantage. >> it is the most regulated if you are a chinese citizen. if you are government you have it all. >> we are starting to see them roll out very impressive technologies to track people to recognize faces in large groups and assemble into a database. the upside for the united states is we have a more distributive approach. the companies want the government to encourage it all they can and use light touch regulation. there is a debate going on right
6:53 am
now how do we regulate a.i.? are we to a point where anybody knows how to? >> is the tech community the ones who should be discussing? you watched mark zuckerburg testifying. it didn't seem like congressional leaders even if the first clue about how the businesses operate. now you have rumors that john bolton may be looking to get rid of the top cyber security job in his universe. >> there is just a huge gap with some of the lawmakers asking questions about basic use of facebook compared to this a.i. >> it was like talking about the facebook. >> it's tech support. where the companies are right now, google's a.i. is incredibly compelling. some companies are skeptical that they will be able to find common ground in these sort of high tech complex arenas. they will need to bridge the gap there. the technologies are going to be changing people's lives and
6:54 am
jobs, effecting the military. maybe at the center of the next war. i think the companies are really hoping to get some buy in from the government and see some sort of long term encouragement that what they are doing is right and supported by the u.s. government. >> on that note this is a government, an administration where one voice seems to matter and it is president trump. is he participating in today's event? >> that sort of remains to be seen. i don't think he will be. there are a lot of people from the science tech policy part of the white house. i don't think we will see trump involved. that is very different from president obama who was a lot more engaged with the tech community. the tech community seemed to like him. there is that already. but the obama administration put out a huge report about a.i. tlmpt was a lot more long term thinking.
6:55 am
you haven't seen that from this white house. >> who is this science tech policy sort of leader? who is the point person in the white house for that? >> michael had been taking point on that. he is sort of well known in that environment but people are sort of wondering how engaged he is or how much leverage he has in the white house. a.i. is incredibly important to tech. is it important to the white house? >> the office of innovation much like peace in the middle east. that is jared kushner's department. excited to hear this summit is happening. excited to learn what comes out of it. coming up, senator ben cardin will be here to talk about the three americans released from north korea and what it means for the upcoming meeting between president trump and kim jong-un. stick around.
6:56 am
♪ ♪ (baby crying) ♪ ♪ don't juggle your home life and work life without it. ♪ ♪ and don't forget who you're really working for without it. ♪ ♪ funding to help grow your business... ♪ ♪ another way we have your back. ♪ ♪ the powerful backing of american express. don't do business without it.
6:57 am
6:58 am
my dbut now, i take used tometamucil every day.sh the powerful backing of american express. it traps and removes the waste that weighs me down, so i feel lighter. try metamucil, and begin to feel what lighter feels like.
6:59 am
no matter what there is always good news somewhere. an incredible encounter took place at an airport in washington state yesterday. two sisters met for the first time after 54 years apart. cindy neilsen says her mother gave up her sister for adoption when the family went through very tough times. decades later she was able to track down her sister through an online dna test. the sisters are meeting the rest of the family today just in time for their mother's birthday and of course mother's day weekend. that right there is good news. i love a story about two great
7:00 am
sisters. that wraps us up this hour. i will see you at 11:00 a.m. with my brother ali velshi. >> sister steph. >> sorry about the basketball game last night. philly didn't have a good one. >> i will be honest with you. i literally have no idea what you are talking about. i will research it and find out. you know where i was late last night. >> football, not basketball. overnight i was watching that made for tv moment months in the making. all of us at joint base andrews witnessing what was a major moment for the trump presidency. what was the next episode for the three american men? for president trump as he looked to the summit with kim jong-un a dictator whom the president praised on the tarmac. we'll tell you what vice president pence is telling

89 Views

1 Favorite

info Stream Only

Uploaded by TV Archive on