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tv   MSNBC Live With Stephanie Ruhle  MSNBC  July 31, 2018 6:00am-7:01am PDT

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many hundreds of thousands of dollars and people to fly to thailand to try to reunite 11 sock are players with their parents. they did -- our government did everything they could to reunite children with their parents. and now they're not spending one second of time thinking about how to reunite these children with their parents. >> come back, please, talk more about this. that does it for us this morning. stephanie ruhle picks up the coverage right now. >> thanks so much, mika. thanks, joe. i'm stephanie ruhle with a lot to cover this morning. starting with threat not over. reports that north korea is once again building new missiles after president trump declared the rogue regime was no longer a problem. as we get more mixed messages on foreign policy from the president and his inner circle. >> i would certainly meet with iran if they wanted to meet. >> do you have preconditions for that meeting? >> no preconditions, no.
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>> the iranians demonstrate a commitment to make fundamental changes, then the president said he's prepared to sit down. >> how about a high society handout? a new report says the treasury department is considering a new round of tax cuts for the richest americans. >> big fat beautiful tax cuts. hopefully we'll get that and then you'll see things happen. >> without a trace. plastic guns made with 3-d printers fire conventional bullets but could never be traced if used in a crime. they're also very difficult to detect and several states want to stop them but is it too late? we begin this morning with president trump playing both the good cop and the bad cop. on the foreign policy front. he's now offering to meet with iranian leaders just a week after essentially threatening them with war. we have seen this movie before with north korea and it did not end well. how's it going to go this time? i have a great team here to break all of it down.
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first, i want to explain exactly what we're talking about. late monday evening, we learned from "the washington post" north korea is building new ballistic missiles that are capable of hitting the united states. the evidence comes from u.s. spy agencies and new satellite photos that show work under way at a research facility right outside the capital of pyongyang. this would seem to validate concerns that north korea had absolutely no intention of getting rid of its nuclear weapons despite kim's very vague promises following the summit that took place in june. at that time, president trump went so far as to say the nuclear threat had been eliminated, but his own secretary of state mike pompeo said last week that does not appear to be the case. north korea continues to produce fissile material, nuclear bomb material, is that correct? >> senator, i'm trying to make sure i stay on that correct -- yes, that's correct. yes, they continue to produce
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fissile material. >> did you hear that? here's why it's so problematic. the new evidence shows north koreans are not just working on any old missile. according to spy agencies, they're working on a specific kind of advanced icbm. this missile has a potential range of more than 8,000 miles. meaning it is capable of hitting cities all the way on the east coast. bottom line, even after the president praised kim jong-un and the agreement they signed, the north is still working on weapons to kill hundreds of thousands of americans. how does this relate to iran? if yesterday is any indication, the president seems intent on following the exact same playbook with iran that he did with north korea. offering to meet without any preconditions and then trusting his own abilities as a deal maker to reach a breakthrough. here's what he said about iran. >> i do believe they will probably end up wanting to meet. i'm ready to meet any time they want to.
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i don't do that from strength or from weakness. i think it's an appropriate thing to do. >> do you have preconditions for that meeting? >> no. they want to meet, i'll meet. any time they want. any time they want. >> welcome to groundhog's day. here's the president secretary of state mike pompeo. this time on cnbc, less than two hours later, appearing to add preconditions. >> president wants to meet with folks to solve problems. if the iranians demonstrate a commitment to make fundamental changes in how they treat their own people, agree that it's worth wile to enter a nuclear agreement that actually prevents proliferation, and the president said he's prepared to sit down and have a conversation with him. >> so what are iranians saying about this? this morning, their government is laying out its own preconditions. quote, respect for the great nation of iran, reduction in
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hostilities and the u.s. returning to the nuclear deal. that will open the rocky path of the moment. it is not that the idea of meeting is a bad idea. democratic senator dianne feinstein and republican senator bob corker both came out in favor of the president's offer and it comes less than a week before the sanctions are set to snap back. putting iran in a very vulnerable economic position. the question is whether the president's approach to negotiations can be effect thiv time when we still don't know if it workings the last time. i want to bring in nbc's kristen welker at the white house. was the white house aware the president was going to make any offer like this to iran because it doesn't seem that way if two hours later, mike pompeo says something different. >> it certainly doesn't seem as though top officials were prepared for him to make those comments. yesterday saying he's willing to meet with iran without preconditions. that's much like what we saw with north korea as well.
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came out and supplied south koreans with a number of those in his own administration by the fact he would meet with kim jong-un. the parallels go on and on. the secretary of state just hours later came out and said there would be preconditions for president trump meeting with the president of iran. but this comes against the backdrop of the president and a number of his top aides really escalating the rhetoric. threatening to impose new sanctions. to criticize iran sharply for its acts of terrorism. the president of iran not responding to the president's offer for a meeting. instead, he decried what he called united states illegal pulling out of its ran nuclear deal. the stakes for the president couldn't be harder. because the president really railed a number of allies. lawmakers on capitol hill when he pulled out of the nuclear deal. a lot of those people saying look, that is what was holding iran to account. keeping iran in check. preventing it from developing a
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nuclear weapon. this is a much different course the president is taking. will what we heard yesterday make any difference? will it start negotiations? we'll have to see. but bottom line, stef, again, the stakes very high after he pulled out of the iran nuclear deal. >> what's the administration or the white house saying about these reports that north korea is working on new missiles? >> well, we've reached out to a number of officials here, stef, and officially the word from the white house is that the white house doesn't comment on intelligence. but you can bet that they're watching all of this very closely, very carefully. we know that the secretary of state, mike pompeo, has had follow up meetings to that original meeting that president trump had with kim jong-un. the secretary talking to his counterparts there in north korea, trying to get the negotiations ongoing. of course there was that big moment last week when we saw the remains brought back of some of those who served in the korean war. but what happens next? what are the other deliverables?
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mike pompeo has been on capitol hill testifying he believes negotiationings as are moving f. is that the case? the administration working very closely on this as well because obviously high stakes with north korea. >> even so, there's a pretty big gap. and the summit was a huge success. north korea is no longer a threat. remember, that's what the president told us. i want to bring in my panel. it's an excellent one. steve clemens, he's a washington editor at large for the atlantic. noel noelle is a political strategist. steve, what is it about the summits that's so attractive to the president? >> i think donald trump looks at it as a big show. he's going to be the star. he's able to do something we've seen over and over again which is deploy this dr. jekyll and mr. hide approach. so he's good cop and bad cop both. we see him disconnected from many of his own cabinet
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officials in terms of what policy is. we're all desperately trying to know what the policy game is and only donald trump knows it. it's a sus speps game. he's the center of the action with these controversial leaders around the world. >> are the president's one-on-one meetings with these leaders making it easier or harder for his team, for his administration to try to make progress? because do you guys remember when mike pompeo first went and had that surprise meeting? i think it was over easter in north korea? and across the board people said what a great development. he has been handed a garbage sandwich and he has to clean up so much. >> none of us should be surprised anybody who jumped on the trump train, at the end of the day, he's in it for largely himself -- >> in business and in life. >> in business and life. he doesn't have an important part of the presidency is managing processes. he has no interest in managing the process or building strong teams. i think he's realized in his
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presidency thus far he hasn't been able to push meaningful legislation through for example, around health care, building bridges of progress and making a team effort. i think he's discovered now where he's happiest are the places he believes he can exercise his independence through executive orders or through foreign policy. the problem with that is he's a deep deeply ill informed man and he's impatient. what you see now is he's courting kim, rouhani and putin and undermining leaders like may and merkel. >> even in courting then, he's not winning for the american people. steve, i want to ask you about the weekly standard editorial that said our hope is that the president's comments on iran do not foreshadow another ill judged attempt at personal diplomacy that ends up saving a vicious regime's well deserved demise. okay, so their argument is the president essentially took the pressure off north korea when it
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hurt the most and they can do the same on iran it think about it. we know that iran is crippled economically right now. >> well, look, there are different cases. in north korea, he gave kim jong-un what kim jong-un wanted, which was a big press moment. kim jong-un has proceeded in the direction north korea was going to do, protect its regime with icbms and nuclear warheads. in the case of iran, we had an extraordinary agreement not based on trust, not based on the personal chemistry between barack obama or john kerry with the iranian leadership. it was based on not trusting each other and trying to forestall something where we were on a collision course potentially leading to war as iran proceeded towards nuclear weapons capacity. donald trump took that away in a remarkable moment. it's just like when he walked away from tpp and gave asia to china essentially. i think in this case where you've got donald trump essentially now trying to make it his game with the iranians, i
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think the weekly standard is right in the sense that donald trump tries to make this all about himself, disavows anything any other president may have done and, as tim just said, he's deeply uninformed. he does not know the legacy and reality of any of these deals that were achieved and what was so important about them. i think that is -- we're seeing someone who can turn on a dime and be very different, depending on how he's dealing with leadership around the world and right now i got to tell you the saudis and the israelis are freaking out because they thought they had their own deal with donald trump. that has now come undone to a certain degree. >> turning on a dime and lack of predictability is what he thinks his special sauce is. we always have to remind our audience of that. when the president tore up tpp, the transpacific partnership it did not go away. it gave it over to china. that agreement exists without us. and china only grows as a superpower as we stand alone.
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i want to play part of what the president said. >> there's nothing wrong with meeting. we et in, as you know, with chairman kim. haven't had a missile fired off in nine months. we got our prisoners back. so many things have happened that are positive. but meeting with people, i had a great meeting in my opinion. of course the fake news didn't cover it that way, but i had a great meeting with president putin of russia. i believe in meeting. i would certainly meet with iran if they wanted to meet. >> if the president says his approach is working, do average republicans agree? do they care if a bunch of foreign policy experts and analysts say it's terrible? or do they say he's the president, i believe him? >> i just hope we're not being fooled. i hope we're not being played for fools. donald trump has a negotiating style. it's not a republican style. it is a donald trump style. as a republican and as me being
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the voice of gop on this panel, it is confusing because what we have mike pompeo, i trust mike pompeo. he's got a proven record. a stellar man. great knowledge of policy. when he's saying like with the meeting with iran, we need to have these things in place before we -- the preconditions before we had the meeting. then we had our very own president. a republican president. saying i'll take a meeting, no preconditions. which going forward, which person do we believe, which policy is the gop's policy. this is why you're seeing so many problems within the white house when they issued a statement. because the president of the united states who is a republican, can come out and basically go against the statement that the white house has put out. this is a very confusing time not only for you guys but republicans in general.
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we had great respect for pompeo. listen to what he said. it is not the same thing, it is what donald trump says. where do we go. where is the line? where do the republican strategists come out and say this is what we're going to do going forward and it works? >> and what is the answer? because the traditional republican was never -- or was not initially a trump supporter. the traditional republican went through about 16 different options and then basically said i'm going to go with him over hillary clinton. if you look at president trump's hard-core base, they're not traditional republicans. so where are republicans as they look at trump and foreign policy? >> i feel like they're vacillating. the idea with donors, this is my claim to fame within republican politics. i deal with a specific type of donor. it's called the bundler. they're usually very smart. they've made their money because they're good at what they do. think the majority of the bun e bundler, at least i know, worked with, are wearing the suit of
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the riddler. they know it's a negotiation tactic he has, but i think a lot of them wonder, and it's not saying -- i'm not saying anything bad about trdonald tru. but i think a lot of them generally wonder where is the substance or where is -- >> what's the program? >> what's the deal, what's behind it. if it's a negotiation tactic, what's the makeup behind it, what's the substance behind it, and is it working, did it work with north korea, is it working, are we being played for fools. i don't know. >> steve, i can think of a strategic beast who certainly has a program. his name is vladimir putin. >> russia is on the rise. russia feels like they're the moment of stability. china also sees itself in the same way. particularly with iran,
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remember, russia was a partner with the united states, and i think vladimir putin has positioned very well to be essentially the broker of stability, the broker of what happens here, in more and more cases, not just iran, but many other cases. right now we're seeing in the middle east, we're seeing in asia, even with north korea, russia's playing an increasingly prominent role as the united states has become the unpredictable partner. the pressure building where donald trump and i think everything nicole said about pompeo is correct. he's looked at as an unreliable supplier of foreign policy deliverables. to the degree that becomes a more important issue, putin is going to be there to try to help him i think. >> to someone who says i'm not listening to your nonsense, stop calling the president unreliable, the republican party stands with him. two hours later, mike pompeo says yes, we have conditions. the president threatens a government shutdown over the
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wall while republican leaders say no that's not going to happen. trump said the u.s. could leave nato and mattis says we are 100% committed to nato. >> donald trump is a performance artist. first and foremost, he's going to play to the audience right in front of him and go to the easiest thing he thinks he can win hits around. everyone behind him, whether the gop, the white house or the pentagon, has to clean up the mess. >> look at what happened in some races. you had people who didn't know whether to side with donald trump or not side with democrat democrat in republican primaries and the trump-endorsed candidate ended up winning. >> but is that a national strategy? >> no, but what's happening is this, it's working so you've got -- you've got a mixture of the republican doneers. you've got the establishment. you've got people with common sense. you've got people that are 100% tied to trump no matter what. remember what he said he could walk out and shoot someone and they still -- >> i do remember that. now the 3-d printed gun, you wouldn't find out. all right, we're going to leave it there.
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coming u, president trump and his legal team, they keep moving the goal post when it comes to clusion. remember, no collusion, no collusion. what their shift in their talking points could signal in the special counsel investigation. because of that shift, you knew this was going to happen, the late night shows are digging into mayor giuliani for saying just that, collusion not a crime. >> i don't even know if that's a crime, colluding about russians. >> i don't even know if that's a crime? you're his lawyer. you're supposed to know what the lawy law is. that's like your doctor going, i don't even know if that's a disease, bleeding from your eyeballs. i don't know. who knows. due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next?
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welcome back, i am stephanie ruhle. the first trial in the special counsel probe kicks off with jury selection for manafort. in this case, the former campaign chair faces up to ten years in prison for allegedly hiding as least 30 million bucks in offshore accounts to avoid paying u.s. taxes. this money came from his work advising ukrainian politics. this was years before he began working with the trump campaign. none of the charges in this case involve manafort's time with trump. the verdict will have an impact on the rest of mueller's investigation. msnbc's legal analyst and former assistant u.s. attorney for the southern district of new york dan goldman joins me. along with tim o'brien back with
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me. dan, how crucial is it for mueller here? >> it's important for the legitimacy of the investigation because of all the attacks that have, you know, been levied against him. i think, as you point out, in the lead-up here, this trial is not related to russia and it's not related to the russia investigation. but there are some things that we might be able to glean from the trial that do relate to that russia investigation. >> such as? >> including who manafort was dealing with, what russian officials he was dealing with, what relationships he has. we know about constantine calominik. we know he had a loan from oleg delaspa, another oligarch. we're going to learn the details about manafort's financial swae situation. and what this indictment charges is he made a lot of money from ukraine and internationally, and then that dried up, and then he
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had to figure out a way to fraudulently obtain more money to keep up with his lifestyle. but if he was the campaign manager, during the time when he was essentially broke and owed a lot of money to russians including darapasca, he's very susceptible to infiltration -- >> -- our stance on russia at the republican national convention when paul manafort was the campaign chair. what are you looking for? >> and a month after that infamous meeting in trump tower -- >> correct. >> when donald trump jr. met with a group of russians who were trying to peddle dirt on hillary clinton. ma manafort was at the meeting. that's material to robert mueller's investigation. to the extent he wants to continue to harp on conspiracy and aiding and a bbetting as charges he can level against the trump campaign. i think, you know, one of the interesting things here is why hasn't paul manafort pleaded
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out. why is he hanging in there on this? i don't know the answer to that. he could be betting the president will pardon him. he could be afraid of retribution from some former clients. at the end of the day, he's 69. he's going to look at possibly spending the rest of his life in prison. that's going to focus his mind. it could well be mueller will make one last attempt during sentencing if manafort wants a more lenient sentence. he'll have to offer something he hasn't given mueller so far. it might pertain to his financial transactions with clients in eastern europe. and deals he knew involved people with the kremlin. >> i have to ask you about trump and his team sort of moving the goal post on collusion. i mean, if i had a dollar every time the president said no collusion, i could roll, you know, paul manafort-style. as the president tweeted this, collusion is not a crime. but that doesn't matter. because there was no collusion
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except by crooked hillary and the democrats. now this comes after jay sukalow and giuliani said this, listen. >> collusion is not a crime. there's not any evidence of collusion here involving our client. >> i have said that over and over. collusion is not a crime. the only crime here is hacking. and it is ridiculous to think that the president hacked. >> let's make something clear. he hasn't said that over and over again. he didn't start saying that until yesterday. why would the president even send out a tweet saying collusion is not a crime when, for months, he said no collusion, no collusion. why suddenly draft this tweet? >> because they have some information -- the only explanation i can come up with, they have information that there's -- that's going to come out and they have it now that there is evidence of collusion. and they want to get out in front and say collusion's not a crime. of course, the word collusion is not found in the federal code. but conspiracy is a crime.
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what we've seen from mueller's indictments are two different theories of how to charge what we call collusion. so it is not a situation where this has any merit and the only explanation is they are trying to spin as they have done repeatedly in advance some information that's going to come out, whether it's from "the new york times" or whether it's at this trial, maybe rick gates, they've learned about what he has told mueller and the prosecutors about collusion, and now all of a sudden they realize we got a bigger problem and our no collusion is not going to hold water at the end of the day. >> they're not, you know, technically rudy is not lying when he says collusion is not a crime. but he's a former federal prosecutor. he knows full well that conspiracy to commit a fraud are aiding and abetting are crimes. president trump didn't need to do the hacking himself or even pay the hackers. in july of 2016, he invited
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russian hackers to hack into hillary clinton's e-mail servers. they did it the same day. >> that's got to get resolved. to me, this blows my mind. that he -- that rudy giuliani would go on television and say hacking is the crime and the president didn't hack. >> right, right. >> of course the president didn't hack. of course the president didn't call vladimir putin and say, hey, vlad, can you try to hack into the election and maybe favor it my way -- >> he kind of did, he said, hey, russia -- he came pretty damn close. >> if you get that stuff off the servers, we have friends at wikileaks that roger stone's in touch with and we can distribute for you, just as a hypothetical. >> this is a mob bob defense that trump is using. it's i didn't actually make the phone call or do the hacking. but that's what the mob bosses do all the time. they have their soldiers and capos and people under them do the dirty work on their behalf.
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but that doesn't mean they're also not guilty of a crime. >> rudy knows full well because he prosecuted organized crime. you know, he brought witnesses into a courtroom who were just like michael cohen. their motives could be questioned. their own careers could be dubious. but they were brought in because they had information that could be sold to a jury. he knows that about michael cohen and he knows that's how trials work. >> my goodness, gentlemen, thank you. coming up, the rich in this country, they're doing better than ever. so why would they need another tax cut? we're going to walk through with what the treasury department is now considering, considering doing that very thing. i'd just like to ask the question, why, why is that on top of mind for steve mnuchin when he should be thinking about the massive budget deficit, no mention of a reduction in spending. that actually matters. not trade deficits. ♪
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we have one to two fires a day and when you respond together and you put your lives on the line, you do have to surround yourself with experts. and for us the expert in gas and electric is pg&e. we run about 2,500/2,800 fire calls a year and on almost every one of those calls pg&e is responding to that call as well. and so when we show up to a fire and pg&e shows up with us it makes a tremendous team during a moment of crisis. i rely on them, the firefighters in this department rely on them, and so we have to practice safety everyday. utilizing pg&e's talent and expertise in that area
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trains our firefighters on the gas or electric aspect of a fire and when we have an emergency situation we are going to be much more skilled and prepared to mitigate that emergency for all concerned. the things we do every single day that puts ourselves in harm's way, and to have a partner that is so skilled at what they do is indispensable, and i couldn't ask for a better partner. time for my favorite part of the show, money, power, politics. we are on our tax tracker beat. "the new york times" and "the wall street journal" reporting the treasury department is considering a change to capital
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gains tax that would result in a $100 billion tax break for guess who, the wealthy. currently when someone sells an asset, they have to pay capital gains taxes on the difference between the purchase price and the sales price. if you invested $1 million in 1990 and sold that asset for $3 million in 2018, you would owe $476,000 on your capital gain. indexing capital gains would adjust the purchase price for inflation. resulting in a huge tax cut. the same investment from 1990 would now owe $255,000 in taxes compared to 476,000 without adjusting for inflation. that sounds nerdy but we're going to break it down. co-founder and editor of risk reversal dan nathan and josh brown, ceo of wealth management. both cnbc contributors. josh, to you first, let's walk through this. because first of all, steve mnuchin is saying he's considering doing this. obviously it would go through
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congress. if not, they'd consider other measures. they'd use an executive order to do this. when at the end of the day they've had the massive corporate tax cuts. we don't yet know if they're trickling down. wages are not going up. the treasury department is at a position when they're coming out of a bigger hole because amount of money we have from corporations is low. what would be the rationale for the american people to do this? >> historically, it's not common to see two things. number one, a massive tax cut proposal coming less than a year after the prior massive tax cut proposal. and second, we're nine years into an economic expansion. so this kind of fiscal policy is absolutely unheard of. you really can't find an example of it. i understand why they're talking about doing it. it's been a dream of the party for 30 years. and frankly it's not the most unfair thing in the world. we index a lot of things to inflation. i'm not saying it's terrible. the timing just seems insane, given the deficit -- >> it's a common sense idea.
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but think back to right after trump won, there he is, the 21 club. i'm going to lower your taxes. kudlow has wanted to do this forever. the forgotten american, the average worker out there, how did this happen? >> this should have been part of it, right? if you have some sort of buy partisan approach to some sort of tax policy, it should have been a tight ft-for-tat kind of thing. when you think about the grandstanding we saw, about this gdp, i think they realize that q3 has a potential to be a dud right in front of the elections. this is really geared towards the donor class, right? they're basically saying, we're going to do this help or high water at some point. if we lose the house, we're going to do it through executive order, that kind of thing. to me, i think this is a hill that democrats should die on. i think every hill, there's none too small that they should die on into the midterms when you
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think about it because, you know, at the end of the day, this really does belie the president's populous message. it's really geared right towards the donors. >> if you look at the president's economic policy, it sort of serves the same people who were served in the obama administration, asset holders and there was that gripe that unless you own stocks during that eight years and you were in the middle of this country, you were screwed. so those same people remain screwed and the administration is looking to help the donor class again. why? >> so i think it's important to point out that this did not originate under president trump. this is a trend that's been enforced for decades now. where you've just got this runaway inflation of asset prices in general. you've got all the policies toward the 80% of people that -- the 20% of people who own 80% of the stock market. pro-real estate policies and ceo pay, which is 100-x the average worker and it used to be 5-x or
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10-x. >> except trump campaigned on the opposite. trump campaigned saying i'm going to end all of this. yet he's accelerating it. >> right, that's true. >> how is that not being caught by the trump voter? >> don't they also know they have a strong likelihood of having a lake dume duck preside? mnuchin will probably be out of there in 2019 and this is his kind of kiss to the, you know, 1% or his, you know, i guess his ex-peers -- >> to answer your question, the reason why the traditional trump base who is, i don't know about hurt by this particular policy we're discussing, but definitely not helped. the reason why this gets a pass is because, and this is uniquely american, unlike europeans, unlike people from other parts of the world, every american thinks that they are a millionaire in waiting. and i'm not saying this is a bad thing. but americans in general think if only this regulation would get out of my way or if only this would break in my direction, i will one day be
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like mnuchin and i will one day want to have all the freedom and liberties to pay low taxes, so people have this kind of ambition. i think it's innate. i think it's in our dna. think about the people who came to our country -- >> but hold on. >> that's where that goes off on -- >> i understand the point this isn't hurting the person who lives on their wages. but we keep not mentioning the budget deficit. >> right. >> and budgets matter, specifically to fiscally conservative republicans. the president rails about trade deficits. >> there are those left? >> the president rails about trade deficits all day long, but our budget deficit is ballooning and that does hurt the american people. when you're bringing in less tax revenue, that hurts -- >> isn't it kind of iranic when paul ryan came into congress, there was a budget surplus, and now he's going to leave in the fall or early next year and there's going to be this massive deficit. when you say these conservative deficit hawks, they don't exist
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anymore. listen, i think at the end of the day, we know how unpopular the 2017 tax cut, it's getting increasing little more unpopular as we head into the midterm. i actually think this is really a bad move by the republicans. i don't think it makes any sense. >> one thing on the deficits, this is something a lot of people miss. we have never in the last half century had a budget surplus other than two events right after the 1960s stock bubble and right after the 1999 stock bobble. so early '70s, we had a surplus. we blew it of course. and then early 2000, we had a surplus from the dotcom boom. so arguably if we're going to get this situation where everyone rushes to sell assets that they've been sitting on forever and pay taxes, like they did at the turn of the m millennium, there is a chance it could offset the ballooning deficit. >> so you're part of this argument that growth -- that these cuts could spur so much growth -- >> we need a stock market -- >> if you really want to --
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>> josh -- >> if you want a balanced or you want a budget surplus, unfortunately, you need a stock market bubble. this could help -- >> didn't you hear this argument, if you give these great corporate tax cuts, it's going to trickle down to the worker? >> they had eight years to amoratiz to the treasury. what are we talking about as far as tax receipts on a situation like this? you can't model it. and it's not going to be paid for with growth. >> all right, gentlemen, thank you both very much. hey, djtj, don jr., remember what you said we don't talk about markets? we can talk about it face-to-face. coming up, we can soon learn when the trump administration plans to unleash another round of tariffs on chinese goods. we'll take you live to wisconsin where dairy farmers say the tariffs are already in effect crippling them.
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first, a special shout-out to my colleague andrea mitchell, one of the best in the business. this woman is celebrating an incredible 40 years at nbc news. that includes covering seven presidential administrations. this woman has seen it all. and she talked to trevor noah on "the daily show" last night about the current political climate. >> fake news is what russia did to our election, the propaganda that we see from russia, you know, invading our social media. to say nothing of the hacking. but that's fake news. propaganda is fake news. not what my colleagues at the white house and covering other beats in washington do every day, sometimes around the world, at great peril to their lives. u to get your windshield fixed. with safelite, you can see exactly when we'll be there. saving you time for what you love most. >> kids: whoa! >> kids vo: ♪ safelite repair, safelite replace ♪
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retaliatory tariffs from mexico and china are already weighing on farmers across the country, including on dairy farms in wisconsin. right now, the u.s. has the largest surplus of trees in history. this year, it is already 6% higher than the average for this time of year. which means the tariffs are causing even more trouble. nbc's vaugh hillyard joins me live outside a cheesemaking facility in plymouth, wisconsin. walk us through how these tariffs are already causing trouble. >> yes, stephanie, they call this -- locals here call this the cheese capital of the world, plymouth, wisconsin. 20% of wisconsin cheese comes from here. if you're in wisconsin, this
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goes beyond just cheese and dairy farmers. this is paul ryan's home state. the cranberry industry here, it's the largest producing cranberry state in the country. harley davidson has already announced it's moving some production overseas. there are 30,000 folk here in wisconsin employed by paper industry which has already been targeted. you have the maple syrup industry. pork and soybean production that has been hit by retaliatory tariffs. there's frankly no end in sight. we talked to a lot of the workers across the state and there's an acknowledgement among them, the dairy farmers there, this is exactly what they asked the president to do on their behalf and from our point of view being on the ground here, that resolve is quite something to listen to, because they're the ones that are taking that direct economic hit, a significant hit, because of those retaliatory tariffs. we're here outside of this 80-year-old company, it is five generations old, and while
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there's that $12 billion aid package the president announced that goes to help the likes of dairy farmers here, there's also industries in other suppliers like satari cheese that is not getting that help. this is what he told us about his concern with the current trade war and its economic standoff. >> we have more milk than is needed and that's why it's important we have the export markets open. >> so these tariffs are closing off some of those markets? >> without a doubt. as far as our understanding, as of today, that $12 billion aid for farmers, there will be, you know, dairy's impact we estimate to be about $3.6 billion at the farm level, so we're not aware of any assistance for manufacturers or processors. >> you every day are waiting for this to be resolved. >> we are expecting to get no assistance. we're looking for resolution. what we want to do is focus on
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growing the business. and not focus on maintaining business like we're trying to do today. >> what is your message for president trump? >> let's get trade agreements in place. we'd love to have free trade around thelet's get trade agreen place. we'd love to have free trade around the world. >> reporter: jeff said they need this to come to an end. 1.4 billion pounds of cheese are awaiting place to go in u.s. warehouses. they have seen a 12% drop in the price of dairy. there's already an overproduction. they have competition from almond and soy milk. these farmers here are look for a place to send their products. they are relying on the product who said he's engaged in this trade war because of them. thanks. >> coming up, president trump weighing in on the battle over plastic guns made with high-tech 3-d printers. they fire conventional bullets
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but they cannot be traced. i'm going to be speaking to captain mark kelly, next. it's pretty amazing out there. the world is full of more possibilities than ever before. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american express. so where ever you go. we're right there with you. the powerful backing of american express. don't do business without it.
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are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. this morning more than 20 states are making a last ditch effort to stop a man from posting the blueprints for 3-d printed gun online. earlier this hour the president weighed in on the controversial guns tweeting i'm looking into 3-d plastic guns being told to the public. already spoke to the nra. doesn't seem to make much sense.
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the blue prints are free. let me take you back to where this started. in 2013, self-proclaimed anarchist cody wilson created the first 3-d gun online. the obama administration argued the guns would violate laws against exporting firearms because the plans could be downloaded by terrorists. wilson argued the federal government was violating his right to speech. federal courts ruling against him until suddenly last month the trump administration settled the case. this past weekend wilson started publishing the blueprints. that means anyone with access to a high quality 3-d printer could create their own ghost gun. untraceable, unregulated.
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captain, thank you so much for joining me. i know it's early where you are. walk us through this because more than 20 states are trying to stop this but the instructions to create the 3-d printed guns are posted online. is it too late? >> well, they are posted in pretty dark places on the internet but as of midnight tonight, it will kind of be too late. first of all, allowing people to make undetectable and untraceable plastic firearms is contrary to everything we know about public safety. this president had talked about being pro-public safety, pro-law enforcement. he did this to get elected. what he's shown as he governs is exactly the opposite of that. it was his administration, his state department that settled this lawsuit with defense distributed, with the man you
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mentioned to allow these plans to go all over the internet. untraceable firearms. just in 2017 alone the atf used to help law enforcement 400,000 times trace guns used in crimes. this is just -- it's really asinine. >> walk us through congress. after the president tweeted shuck schumer said your administration approved this. what kind of incompetence a dangerous and to check the nra. >> senator bill nelson of florida and richard blumenthal. they could make it illegal to possess these firearms, print them without serial numbers or
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print them number. one interesting thing this morning at 5:00 a.m. when you saw the president tweet that he's checking with the nra. that's pretty instructional is not to go to congress, not to go to the state department, his own administratio administration, his cabinet. i need to check with the national rifle association. that shows you where his priorities are. >> what's your message to the president? >> well, he should go to the state department, not the nra, and tell secretary state pompeo that should not have settled the lawsuit. these plans should remain restricte restricted that prevents us from giving our information of weapons to other countries.
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he could do this this morning instead of tweeting. >> some will calling it a novelty item and far bigger dangers as it relates to gun control in this country. is this the right fight to have? >> sure. when you look at the atf and law enforcement needing serial numbers on firearms. we don't want undetickectable g. you have to go through a metal detector to get into capitol and that will be a moot point. they are not the best firearm right now but these printers will become more capable and the material will get better. this could very rapidly spiral out of control on us when they
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are millions of people around the world just printing firearms that are undetectable and untraceable. >> it may not be the best quality yet, but i don't know i don't want one pointed at me or my join iing me. >> thanks for having me on. >> i'll see you again at 11:00. more news with my friend hallie jackson. thank you very much. robert mueller, what you got? we'll start to find out today, the first day of the first case brought by the special counsel. this guy, president trump's former campaign chair charged with financial crimes. jury selection is happening right now. what this might mean for the president, special counsel and good old d.c. politics. we're live at the courtroom with the latest. we have a live report on something you just heard about. 3-d guns made from plastic that people can crank out in their basements if they

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