tv MSNBC Live With Velshi and Ruhle MSNBC June 27, 2018 8:00am-9:00am PDT
kadaki from nbc news. i'll see you tonight on nbc news. right now more news with ali velshi and stephanie ruhle. would you like your kids play in >> the answe to that would be no. >> i was raised in a junk yard. >> really? i would love it. >> no. i spend my life armed with neosporin and band-aids as it is. i don't need to send them to a junk yard of saws. >> i wonder if i was in another life as stephanie ruhle's child. some people say that's kind of how it is these days. >> i'll let you take it from here. >> it would be like living in a circus. it's a dream come true. ali velshi, i missed you. it was like our viewers thought we got a divorce and finally -- >> they were saying are you guys fighting? we weren't fighting. off at different times.
good morning. >> it is wednesday, june 27th. let's try to get a little smarter. >> a federal judge in california stepping in to the immigration battle ordering a temporary halt to the separation of parents and children at the border. it orders all children to be reunited specifically families with kids under the age of five. they've got to get reunited within 14 days. families with children five years and older, they must be reunited within 30 days. >> it's so simple. it's called i'm sorry you can't come in. you have to go into a legal process. >> the rhetoric we hear from the other side on this, as on many others has become radicalized. these same people live in gated communities, many of them, and if you try to scale the fence, believe me, they'll be even too happy to have you arrested and separated from your children.
>> this 28-year-old first-time candidate stunning the political world. alexandria ocasio-cortez taking down ten-term democratic congressman joe crowley. as democratic leader or even speaker of the house in a shocking upset. >> i cannot believe these numbers right now. >> our campaign was focussed on just a laser focussed message of economic, social, and racial dignity for working class americans. >> over in russia, national security adviser johnn is in moscow meeting with vladimir putin. look at that. you can see the video that's just come in this morning. it comes as a kremlin aid is confirming that tomorrow there is expected to be an announcement of the date and time of a meeting, a summit, if you will, between presidents trump and putin. >> it is great regret to see the
ma -- here to moscow inspires hope we'll be ache to take first steps to restore restorations within russian view. >> more than 2000 children separated from their parents at the u.s. border with mexico are waiting amid complete chaos and confusion to be reunited. why? because thetolerae policy was sided and didn't have any reunification plan. now a federal judge is setting hard deadlines to get them back together. >> it will be interesting to see how it works. it's complicated. the government hasn't been able to seem to get the kids with their parents even if they wanted to. late yesterday, this california jud judge, a bush appointee ordered immigration agents to take several new steps. first, stop separating migrant parents and children. reunite kids under five years old with their parents within 14 days. >> can i just say something to you? for the average person out there, you would have thought that happened last week.
when president trump signed the executive order saying melania didn't like it, ivanka didn't like it. it's not good after he said it was congress's fault, you would have thought then they would have stopped the separation and then they would have reunited the kids. yet, dayafter, i was eve on a coming home from texas, you saw more unaccompanied minors being flown to new york. >> as of yesterday there were at least 2000 not reunited with their parents. it was ordered to reunite children five and older within 30 days and guarantee communication. 2018, communication is free. they have to allow phone calls between parents and children within ten days. >> it's free if you know who to call. if these people were just immigrating over from central america, they probablyhave at&t. >> and where's the other person? a lot of these kids don't know where their parents are. >> especially if they're little kids. you think a five-year-old who
might not speak english even knows where to reach his or her parents? joining us now from the border in el paso, texas is gabe gutierrez. what's the pace of reunifications right now? my concern is it's going to a be enacted. if it's not, what are they going to do? knock on kiersten nielsen's door? >> reporter: well, hi, skefn stephanie. there's a lot of skepticism on the ground on whether this is unrealistic. as we've been speaking with migrant families, they're having difficult time not just reaching the children by phone, but alsoven knowing where they are. we spoke with a woman this week at a shelter here in el paso. she was separated from her son on his sixth birthday. and even though she was from detention over the last
several days in el paso here, she now only believes that her son is in a shelter in arizona. she only knows that byking with other nafamily members. she's had a difficult time getting ahold of him. we spoke to her about her ordeal. take a listen. how desperate are you? >> translator: she says it was the ultimate terror that she didn't know where her son was going, who her son was with, where he'd be taken. she says it was ultimate terror. >> reporter: and she says the policy of family separation was cruel. now, we should say, ali, and steph, as you've reported more than 2000 children, hhs says are still separated from their parents. that number is fuzzy. yesterday the secretary of hhs was on capitol hill at a senate finance committee, and he got a
lot of -- he was blasted by several senators who didn't feel there was enough of a plan. now, he said there was no reason why these families should not be able to reach their children. that he was able to do it. that they should be able to do it by going on a computer portal and putting in a number. however, that got some skepticism from senators who said portals are not part of these migrant'saily lives. people say it's not easy for a mother or father to go on a computer and find out this information. we should also point out that during a conference call yesterday with reporters, the department of health and human services would not answer a basic question about whether these -- about the situation. they would not say whether hhs still reiving separated kids. they also said that right now in the custody hhs has 2047 migrant children. that is only six fewer than the week before. so certainly a lot of questions
about the pace of this reunification and whether it could happen in those 30 days or in the case of children under five, in 14 days. a lot of skepticism. >> how about the money? the federal judge can say you need to do this. >> they say they don't have the people. >> needed to reunite these families. when i look at how much those tent cities cost and all these kids being relocated around the country, have they allocated new funds to do this? and for those fiscal conservatives, you've got to look at this self-created crisis from this administration and say my god, the amount of money we're spending. >> yeah. that's right. and now they're preparing other places like fort bliss here in texas to be able to house some of these children. and that is a very good question. how much is all of this costing taxpayers? it's been tough to get answers to those questions. here not far from el paso at that massive tent city in texas,
there's another protest scheduled there today. there are more than 300 children right now. ages 13 to 17. and we've been seeing at shelters across the country up in new york there are also -- we're seeing more video that msc obtained showing the conditions inside that shelter. now, those children in that shelter, for example, they're there during the day but then go to foster homes at night. imagine all the children spread throughout the country. 17 states. at least 100 shelters. we don't know when they might be reunited by their parents. we should point out many of the children are unaccompanied minors that theen't separated from their parents at the border. it's been difficult to get firm numbers on how many of the children a being reunited. the pace of all that. and, for example, customs and border protection says they reunited more than 500 kids. stuff to know where it falls in the overall in your opininumber. you don't seem to get a firm n how many kids right
now are in the custody of the federal government. >>, thank you for your great reporting on this. yesterday we had some psychiatrists on who dealt with kids in their trauma. they were saying a young child separated from their parent, it's like they're without air. there's just no relationship like that. d not telling them where their parents are, not telling them what's going on isoing to inflict remarkable life-long trauma on the ki you saw it firsthand. >> humanity first. how about humanity first as well as smart economic policy. when i look at the tent city, do you know that's one of the poies i texas? they don't even have clean water. and think about the massive amount of money spent on these unnecessary tent cities. imagine if they went to the people of texas who need it. as the feds are trying to clean up the confusion we're talking act that's left behind from president trump's zero tolerance policy, the house is actually due to vote this afternoon on a gop immigration overhaul.
here's the thing. you would assume, great, zero tolerance didn't work. congress is going to get together and fix this. >> and there's going to be a bill and it's going to pass. >> not. >> except it's not. >> it's expected to fail. the bill is being called a compromise created to appeal to moderate and conservative republicans. >> the key parts of the bill include stopping family separation at the border. providing money. it's 25 billion. guess what, for the border wall. and allowing young immigrants eligible for the daca program to earn status to work in the united states for six years after which they can apply for a green card. >> if you want to do something humane and reasonable, you got to give me $25 billion for a wall. >> correct. a lot of democrats are saying give it to them for the wall so we can at least move on and get ion policy. >> imagine if $ million went to faster wi-fi, better schools, work force development programs. imagine, $25 billion. >> this conversation doesn't end. let's bring in garrett haake
from capitol hill. i guess the part we have to understand, why is this not expected to pass? >> reporter: well, this is a republican only exercise. it has been from the beginning. in part because democrats don't want to support the 25 billion all up front for the wall. and in part because of changes this bill would make on the legal immigration side. so you've got to get 218 votes with just republicans. and i wish i had tim russert's white board. i would write amnesty. conservative republicans are worried a pathway to citizenship for the daca kids which is in the bill is something that could be described by their base voters as amnesty. and they're not confident that the president of the united states who tweeted this morning that they should pass this bill, will consistently be in their corner and back them up. you saw it over the weekend. there was a discussion of adding a provision into this, another immigration piece that conservatives have very much wanted to see in any kind of immigration reform package. and when they talked about ng i
the vote count. it suggested conservative republicans who can't get over the amnesty hump will be the fo to stop the bill from passing the house today. >> we'll end the day again, without new immigration legislation. >> we'll see don't be a pessimist. >> open your mind, open your heart, let's see what happens. >> all right. big load of organized labor at the supreme court. a ruling will up end laws in dozens of states. we'll tell you what it means for workers across the country. >> but first, president trump, he has been attacking america's late night comedians on twitter, and his rallies. three of the comedians, they teamed up to respond. this is america. >> hey, low life. >> hey, lost soul. what are you up to? >> mostly whimpering. >> be a man. >> i'm trying. >> what are you up to? >> i'm busy trying to have --
>> did you see trump's rally? >> he said -- >> that's not right. that's conen o'brien. i'll get him. >> we were talking about what president trump said last night. >> who? >> trump. >> donald trump, the real estate guy who sells steaks. >> he's president? >> yeah. >> wow. how's he doing? >> not so good. >> oh. well, guys, give him time. okay? and remember, please, be civil. if we're not careful, this thing could start to get ugly. hey, i'm about to start shaving my chest. you guys want to watch? >> no thanks. >> hey, we still on for lunch? >> yeah. >> what do you want to eat? >> red hen. >> red hen. erience across web and tablet? do you want $4.95 commissions for stocks,
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welcome back. we're both here. the supreme court has dealt a huge blow to organized labor. >> in a 5-4 decision the court ruled government workers cannot be charged for the cost of collecti bargaining if they choose not to join a union. the ruling overturns laws in 23 states. we'll dig in to exactly what that means. joining us now, president and ceo of the national constitution center.
>> jeff, good to see you. this ruling overturned an earlier decision. can you walk us through what happened? >> absolutely. the earlier decision was from 1977. it said it was okay to force public sector unions who pay mandatory fees, not to support political activities but to support collectivebargaining. and in this 5-4 decision today which is hugely significant, the court overturned that decision. said that for a person to be forced to pay to a union whose political messages you may disagree with violates his first amendment rights not to have compelled speech, and therefore, mandatory union fees are unconstitutional. the decision could have tremendous consequences. 23 states have the laws. they involve millions of employees and tens of millions of dollars that will not go to the unions. it will change the way states finance their activities. and justice keegan said there was no justification for overturning the decision, and
this would dramatically disrupt our understanding of the relationships between the government and the unions. >> you'llee this. president trump tweeted about this this morning saying it's about free political choice. if you don't like laws that cause people to have to subscribe to unions, then you say it's about political speech. right? the unions political entities. they're the power behind a lot of entities. before we had unions and collective bargaining, there were no rules for employees. the constitution is silent on both of those things. whether unions can have political power or whether people have a right to collective bargaining. >> there were no unions at the time of the finding. there are plenty of laws passed by congress in the states that required things like mandatory fees and the supreme court never questioned any of them until today. the question of compelled speech is a huge iss this term. the court said pro choice
clinics in california couldn't be forced to have pro choice information, a t liberal justices are saying conservatives are using the first amendment to strike down regulations they disagree with. >> i want to put up a map of states that have so-called right to work laws. rights to do whatever you want without any compulsions to join or pay for aunion. there ara lot of in the united states. does this set the -- pave the road for a federal right to work law? >> sure, if there's the will in congress, and as justice said, it's been a six-year campaign by conservatives to overturn the abaaoud decision. states were ought free to pass right to work law if they chose. public sector unions are now in peril. their funding source are in trouble. they wouldn't lobby against the right to work law. there may be further blows to their power. >> jeffrey, thank you so much. this is interesting to me as donald trump the person.
donald trump the real estate guy, he doesn't like unions. carl icahn hates unions. it's the union workers that helped propel president trump as a politician. it will be interesting. there were upsets in the primaries. >> including the 28-year-old craticialist who bea a very powerful ten-term iumbent and could become the youngest woman ever in congress. >> after 20 years of the same representation, we have to ask who has new york been changing for? every day getsder for working families like mine to get by. the rent gets higher. health care covers less. and our income stays the same. it's clear that these changes haven't been for us. and we deserve a champion. i've always looked forward to what's next.
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particularly stunning results on the democratic side. 28-year-old newcomer alexandria ocasio-cortez shocked the democratic establishment by defeating ten-term joe crowley in part thanks to her powerful message to voters. >> yeah. i mean, our campaign was focussed on just a laser focussed message of economic, social, and racial dignity for working class americans, especially those in queens and the bronx. we're clear about our message and priorities and very clear about the fact that even if you've never voted before, we are talki to you. >> why did you run? >> why did you run? >> i think the big thing is just that i knew that in our community we needed a very clear voice. i think we deserved representation that rejected lobbyist funds, and put our voters and our community first. and i felt like we could really deliver a message for the bronx, for queens, and for the working
class people of the united states. i felt like our party could be better, our message could be better and we could be better as a country. >> how at a time when the cbo says our debts and deficits are going to cripple us, how do you pay for that? >> i think we need to look at the damaging history. legislative history of what we've done with our taxes. not only was there a $400 billion tax cut that could have forgiven every student loan in america. it means making sure that we understand the power of the purse that congress has. that when the united states was in the great depression, that is when we pursued the new deal. it was when people precisely said we have the least amount o
committed to an economically ambitious agenda that transformed the future of this nation. >> she worked f t bernie sanders aign. ben jealous won the democratic primary for governor. he's going to take on the incumbent governor this fall. ben, congratulations on a big win. already in the last 14 hours you're seeing republicans sort of jump on your win and a similar win we saw in new york and say the democratic party is they've lost their message, and they're going so far to the left and losing the middle. they're screwed. it's a gift to republicans. what do you say to that? >> first, thank you. we are very p with what happened here. and the way that we will win this fall is the same way that we won last night. we will talk to people in every corner of this state about how we solve real problems in
realtime. i've said from the very beginning, i'm not running to the left or running to the right. i'm running toward the people of our state. we're talking about health care, education, ending this crisis o. those are people issues. making sure that we finally deal with the student debt crisis, and we pay for it by ending mass incarceration. >> let me interrupt you for a second. the question is fairly specific. how do you respond to republicans who are sending out e-mails and blasting social media waves with the idea that this is what the democrats are doing. they're eating their own. moving too far left. they're not going to win because you're avoiding the middle? >> what we found -- last night i won 22 counties by a huge margin across the state, and we will do the same thing this fall. i started off in fourth place. they said that there was no way that we were going to triumph
over the establishment of our state, wand we did it the same way we'll win this fall. . >> but by driving over the establishment, does that mean the establishment needs to go away? what's your thought on nancy pelosi sitting at the helm of your pa >> again -- >> you're not answering our questions, ben. >> no, i mean, i -- i am. look, this is -- i'm -- it is important that we have governors who are focussed on our states and actually solving real problems in realtime. this is not about some -- us versus us. this is about us versus republicans whose top issue is let's separate from children from their parents at the border. meanwhile our states are hurting. we've been speaking to the real pain of real families and pulling people together, and that's what we will do straight through our win and we'll keep on going and we'll get these
reforms through. >> just stay with me here. >> this is about organizing one on one. >> this is one of the concerns. there is a force in the middle that finds president trump reprehensible. they think the child separation policy is disgusting. but they are capitalists, and they have a fear that when they hear the word socialist, even if they're not that well informed, they suddenly say i don't want my hard-earned dollars to fly out the window. what do you say to those people who could silently find president trump disgusting but be worried that someone pushing to the left is going to take too much money out of their pocket and they won't put a trump sign in their front yard, but they'll quietly vote for him again. >> so, i know this can be hard. just stick with me here. >> please. >> i'm a venture capitalist. the reason i support medicare for all is i tried to move a factory from canada to south baltimore, and i had the whole deal fall apart at, like, after six months, because our health care costs keep surging.
i've sat down with small business people who voted for trump who now are supporting my campaign. why? because health care costs under this republican governor have surged more than 10% every year, and are choking our small businesses. i'm a small business person who understands that if you up my taxes or you up my health care costs, it chokes my bottom line just the same. people don't want to be forced into some box about either you believe this or you believe that. people want you to solve their real problems. and if you do that, you create a much more meaningful middle which is about real solutions for the real problems facing all of our families. >> i hear yous a a canadian, i'm all about single payer health care. i get the medicare for all thing. and i actually am very supportive of it, but you realize it's a campaign slogan for other people, right? that translates to something that sounds like socialized medicine which for whatever reason -- >> they called -- here's the
thing. they can call me the same things they called obama. the same things that they called bernie. go ahead. call me a socialist. it doesn't change the fact that i'm a venture capitalist and it doesn't change the fact that i have small business people who manage call dealerships who are supporting my campaign because this republican governor and this republican president are choking their businesses by letting health care costs surge out of control. we all grew up in the cold war and watched hillary clinton fight for single payer and lose. that was a long time ago. and folks are living in this moment and want us to solve problems in this moment. and single payer is part of how we do that. and so is ending this surge in cost of our colleges. and the crazy thing is this. they try to act like we haven't been there before. that's howough college. my grandparents got out of
school because tuition was $200. it's not a left right issue. it's a people issue. it's choking the future of our young people regardless what party their are in. so with all due respect, like, let's get into 2018. let's stop staying stuck in 2016 or 1994. >> jben, congratulations on you win. >> congratulations, ben. >> appreciate you. thank you. next hour, here with bernie sanders. he will be on andrea mitchel reports with kristen welker. >> and next, tax cut tracker. we promised you this. we're delivering it. president trump promised american workers would benefit from corporate tax cuts. we're going to dig into how some major companies are really using the savings. who benefits? we're looking for wages going
up. i haven't found them. have you? >> i haven't found them either. we've had a few bonuses. >> a bonus and a raise, not the same thing. >> markets up a little more than half a percent right now. we'll be back in just a minute. even though geico has been- ohhh. ooh ohh here we go, here we go. you got cut off there, what were you saying? oooo. oh no no. maybe that geico has been proudly serving the military for over 75 years? is that what you wanted to say? mhmmm. i have to say, you seemed a lot chattier on tv. geico. proudly serving the military for over 75 years. you ok back there, buddy?
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when they slashed the tax rate, president trump promised the savings would trickle down to american workers. well, now some companies have offered one-time pay bonuses to their workers since the new tax law was enacted. but when you look closer at the numbers, many of those companies also announced thousands of layoffs and no raises right as they spent billions and billions of dollars to finance huge stock buybacks which serve shareholders. for example, walmart. announced a $20 billion buyback program in september. just days after the republicans introduced their tax plan outline. and when the tax plan became law in january, walmart received praise when it announced $1,000 bonuses for some of their employees and increased entry level pay to $11 an our. it laid off $10,000 workers
after announcing it was closing 63 sams club stores. the same day. at&t announced $20 billion in stock buybacks over two years after receiving praise for offering $1,000 bonuses to some of its employees. but then at&t turned around and laid off 1600 employees across the country. how about wells fargo? they announced plans to buy back nearly $19 billion of its own stock. also announced plans to close more than 800 bank branches over the next two years. even as it admits to making out big from the new tax law. how aboutcomm? they abounced a $10 billion in stock buybacks. stock repurchases, bybacks for the s&p hit an all time high of
$189 billion in the first three months of 2018. so far trump tax cuts for companies is barely trickling down to the american worker. instead, it is lining the pockets of shareholders. ali, you lots of employees own stock. not people in the middle and bottom. and -- >> most of people are passive investors. half of americans, those 100% of whom work for a living, don't. >> and giving that one-time bonus is a kiss you get once. the reason -- >> it doesn't raise your base pay. you don't have to get that the second year. you don't get 3% or 2% on top of that. bos are slight of hand. a lot of people tweet and say i'm happy to have my $1,000 bonus. i'm happy for you. what would have been better would be a raise equal to $1,000 so the next year you've already got that and your basal e salar
increases. >> and wage increases, that's what would help us across the board. that is where people are suffering. when the president says trickle down economics are going to work, we're letting you know, we're not yet seeing it trickle down, and those companies are spending their money on stock buybacks. >> i went to a wedding and somebody said you guys are unfair to president trump. you won't talk about how great the tax cut has been. it's not actually resulting in higher wages or -- >> the person owns a lot of stock and they're looking at their 401 k and saying bring it on. they were also happy over the last eight years when the stock market went up. the trump voter was born -- >> the stock went up because of trump. even during obama's era, they knew trump would be next. >> the trump voter was born out of not having wage increases. that voter has not had any of
their situation resolved. >> we'll talk more economy in a minute. this morning vladimir putin met with john bolton. putin says h wants to restore full fledged relations with the united states. why not? derate to severe plaque psoriasis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats psoriasis differently. with otezla, 75% clearer skin is achievable after just 4 months, ... with reduced redness, thickness, and scaliness of plaques. and the otezla prescribing information has no requirement for routine lab monitoring. don't use if you're allergic to otezla. otezla may cause severe diarrhea, nausea, or vomiting. tell your doctor if these occur. otezla is associated with an increased risk of depression. tell your doctor if you have a history of depression or suicidal thoughts, or if these feelings develop. some people taking otezla reported weight loss.
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welcome back. a kremlin aide says the u and russia have agreed on the date own location for a summit between president trump and vladimir putin. announced yet.v been >> the word came as john bolton met with vladimir putin at the kremlin this morning to lay the ground work for that ver meeting. >> bill neely, our chief global correspondent joins us live from moscow. bill, president putin has said the thing he wants, he says u.s. politics are getting in the way of normalized relations between russia and the united states. the irony in that is that russia continues to be very involved in playing around with u.s. politics. >> reporter: that's exactly what leapt out to me, ali. he began the conversation with john bolton by saying -- he said
it several times before, that the bad relations between russia and the u.s. are due to internal u.s. politics. in other words, somehow not the annexation of crimea or invasion of ukraine. not the bombing of syria. not interfering in u.s. politics. pretty strange. he also says russia has never sought confrontation. well, maybe not direct confrontation with the united states, but meddling the in u.s. elections, clearly yes. and you know, all those other things like ukraine and crimea, obviously they do not add to a good relationship with the united states. so the summit is on. the talks with mr. bolton over. we will know tomorrow when and where. i suppose the real question, ali, and steph, is why. why exactly is this summit taking place at all. >> yeah. well, that's a good question all around. we'll get more detail on that and hopefully from yo bill, thank you. >> you would think we just had the north korea summitnd all
the promises president trump made we're not seeing any of it delivered upon. >> this is times ten buzz we have real serious problems with russia. he says it's solved and and per. there's growing concern the u.s. is heading toward another recession. >> s worried about your money ? we're talking yield curve when we come back. who governed thousands... ...commanded armies... ...yielded to no one. when i found you in my dna, i learned where my strength comes from. my name is courtney mckinney, and this is my ancestrydna story. now with 2 times more geographic detail than other dna tests. order your kit at ancestrydna.com.
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okay. keeping an eye on markets for you in y money,money. the dow up 150 points. this week markets were down over fef a trade war triggered by president trump's latest tariffs on imports. another thing worrying investors is the timing of next recession. wall street is starting notice. i don't want to ie laalarm you. i want to tell you about it. it's called a yield curve. it compares interest rates offered on u.s. treasury bonds. when investors expect the economy to grow, longer term bond, tend to carry a higher rate than shorter term bonds do. when this yield curve goes flat, that means rate on both kinds of bonds are about the same. this is the first sign to an
investor that an economic slowdown may be on the horizon. people are betting like something like this happened. long term bonds have been slow to ride. the federal reserve has been raising short term rates and that's resulted in the flattening that we're talking about. if the yield curve continues to move in this direction, long term interest rates could be lower. if you go to put your money sbo an interest bearing at, you should get more if you leave your money in for longer if you do. if this starts to happening this is an inverted yield curve. the last time we saw one of these inverted was right before the last recession hit in late 2007. in fact, every single recession, these are all recessions. these thin green lines. these are recessions. every single recession or economic slowdown for the last 60 years has been proceeded by one of these inverted-year-old curves.
that's why some economists are starting to take notice. the gap between now a two year and ten year treasury bond is about a third of a point. the last time we saw that the worst recession since the great depression followed soon after. th of reasons that are not in place now. this is what investors and economists are watching right n. joining us is a policy and columnist analyst. good to see you my friend. i want to put this into context. i can see the tweets coming now. very we "velshi & ruhle" warning of a ve receion. >> iu do that, you can have a newsletter. people have done more with less.
whatever you have, the federal reserve sort of inaction. there's always a risk that they will make a mistake. they will raise interest rates too far, too fast and will get a recession. i think it's something to be aware of. you should be aware the economy is accelerating. >> to that point, if we have extraordinary growth, if we're full employment, how could we not raise rates? i understand that central banks around the world hadture hold t little baby in their bosom. >> keep rates really low so people would borrow and expand their business. >> you can't have the president saying this is the greatest economy since world world ii, by the way don't raise rates. >> there are some economists that would say that because they don't see there's a lot of inflation. the reason to raise rates is to prevent inflation from taking
off. oncet gets its grips in the economy, it's tough to let go. you can't make that argument that you shouldn'taise rates. most banrs think t riskf inflation, so they are starting to raise rates gradually. the conrn is they will make a mistake and cause a recession. >> what about the tax cuts. we were just talking through it and finding almost no actual raises happening at companies. it's stock buy backs and one time bonuses. do you see trickle down? >> if the traditional republican theory of how tax cuts work is true, then you reall shouldn't see much impact yet. that's a long term thing. more long term investment over a number of years. they sold i as giving the economy a boost right away.
you should be seeing faster growth. there's a lot of firms that expect to see acceleration and growth. >> good to see you as always. we're done. what an hour. >> i'm going to give you another hug. >> great to be back together with krou. >> thank you for watching this hour. we're going to be back here tomorrow at 11:00. i'll be back at 3:00. stephanie said i have to have hope that there will be immigration legislation. >> it won't if you're negative. open your mind. open your heart. what's wrong with bng an
optimist. connect with our show. kristen welker is picking up coverage sitting in for andrea mitchell. right now on andrea mitchell reports. the upset. a 28-year-old first time challenger overtakes one of the most pow everiful democrats in the house sending shock waves throughout the political world ahead of november's political elections. >> i felt like our part could be better. our message could be better and we could be better as a country. court ordered. a california judge demandsll migrant children be reunited within 30 days. this as parents are still unable to locate their children despite what the health and human services secretary says. >> every parent has access to know where their child is. tlt there's no reason why any parent would not know where the child is located.