tv MSNBC Live With Stephanie Ruhle MSNBC August 1, 2019 6:00am-7:00am PDT
today. great having everybody on. it's going to be interesting. all eyes on cincinnati tonight. we'll see if the president continues his race war or decides to be less abusive to people of color. that does it for us at "morning joe." stick around. stephanie ruhle picks up the coverage right now. >> thanks much. i'm stephanie ruhle. it is thursday, august 1. here's what's happening now. as the "new york times" describes it, the love is gone. in part two of the second democratic debate, the candidates focused their fire on current front-runner joe biden with his former boss, the hugely popular barack obama taking a whole lot of fire himself from health care to immigration. the contenders unleashed several attacks against the former president's policies and then some. >> you good? >> mr. president, this is
america. and we are strong and great because of this diversity, mr. president. not in spite of it, mr. president. let's get something straight. we love it. we are not leaving it. we are here to stay. we're certainly not going to leave it to you. >> why did you announce a zero tolerance policy of stop and frisk and hire rudy guiliani's guy in 2007 when i was trying to get rid of the crack cocaine --? >> mr. vice president, there is a saying in my community you're dipping into kool-aid and you don't know the flavor. >> she put over 1500 people in jail for marijuana violations and laughed about it when she was asked if she ever smoked marijuana. >> this is the fourth debate we have had and the second time we have been debating what people did 50 years ago with busing when our schools are as segregated today as they were 50 years ago. >> mr. vice president it looks
like one of us has learned the lessons of the past and one hasn't. we need some guts on this issue. >> we can't always be focusing on some of the distress stories. if you go to a factory here in michigan you will not find wall-to-wall immigrants but wall-to-wall robots and machines. immigrants are being scapegoatd for issues they have nothing to do with in our economy. >> the first thing i'm going to do when i am president is clorox the oval office. >> there are good people on the stage but differences. joe biden said fundamentally nothing would change if he were president. kamala harris said she is not trying to restructure society. i am. >> there are ten clear incidents of obstruction of justice by this president and he needs to be held accountable. i've seen people go to prison for far less. >> we can no longer allow a white nationalist to be in the white house, number one.
and number two, we have to make america what it's always been, a place of refuge. >> joining me now nbc's vaughn hillyard, garrett haake, and mike memly. most people think kamala harris won the first debate. last night was a much bumpier ride. what is her camp saying today? >> kamala harris in the first debate was the one who began pointing out the con traftd with joe biden and the former vice president said his record was the one being mischaracterized. several in the field had their records scrutinized yesterday. harris this morning on "morning joe" went on and said it was quite a joyless debate. the issue is in this type of environment there is only so much time to offer up contextualization, to offer up substance, especially when one's
record is being scrutinized like it was. not only was joe biden but when you have tulsi gabbard going after her criminal justice record back in california when she was district attorney and then attorney general. there is a very finite amount of time when multiple -- in very specific cases, specific decisions that she made during her time were highlighted, and now this is a matter of the campaign taking their own opportunity to go and litigate those cases over the course of the next month and a half. but, also, on the health care front, she went back and forth with joe biden over the first 20 minutes there about her version of medicare for all. and she put forward an effort to defend -- essentially defend the substance of her policy. the issue was, look. there are nine others up on that stage and the only person that came close to defending her was bill de blasio, who is for medicare for all. when you're looking at a democratic field like this in which it is a firing squad, the only person that is going to defend you on that stage is
yourself and that's ultimately -- you saw last night now it is a matter of getting back on the campaign trail. she'll be actually having an event in detroit today. then going to nevada, california, before going to iowa. essentially trying to meet the voters where they're at and contextualize who you are, your record, what your policy actually is. >> some say cory booker stood out last night especially if you compare it to the first debate. he went hard after joe biden, specifically on his criminal justice record. how did that strategy work out? >> yeah, look, the booker campaign has wanted this moment, this opportunity to go after joe biden on criminal justice and contrast the former newark mayor new jersey senator's record in that city with joe biden's record particularly when biden was the senator and author of the 1994 crime bill and other efforts in the senate to crack down on crime. booker tried to make the contrast as clear as he possibly could, never more so than this moment right here. >> this is one of those
instances where the house was set on fire and you claimed responsibility for those laws. and you can't just now come out with a plan to put out that fire. we have got to have far more bold action on criminal justice reform. >> reporter: biden was ready with a comeback pointing out some problems with the newark police department record when cory booker was there. there was the back and forth on that exchange. all told the booker campaign was very happy they were able to have that discussion on the national stage in this level. there's been some anecdotal data, focus groups and things of the like who said booker performed very well last night. they liked what they saw from him. i am waiting to see whether they can sustain any of that. did he get a spike in donations? will we see a movement in the polls, or is this thing settled back down? booker and his allies, his campaign very happy with the moment they had last night as we go into this long, hot august of trying to keep this momentum if there is any alive. >> so booker went after biden,
biden went after booker, tulsi gabbard went after kamala harris. which one of them went after the current president of the united states, donald trump? joe biden's team sounds like they're happier this morning than they were after the last debate. he took an enormous amount of hits but left standing. >> reporter: that's right, stephanie. no doubt that in the spin room last night the mood of the biden campaign advisers was much more upbeat than last month in miami. we'll hear from the vice president later today which is an indication i think he feels like he emerged strong from this debate as well. but as one biden adviser said last night the t-shirt moment for them was joe biden versus everybody. it was very clear on the stage there is agreement among the democrats about the urgency and need to beat donald trump but for seven or eight of those democrats on stage beating donald trump starts with beating joe biden. we certainly saw the former vice
president on the defensive on a range of issues, his health care plan, criminal justice reform. but one interesting new element of the debate last night, whereas in the last debate in miami the candidates were going after joe biden about his record and this time were more willing to talk about go after joe biden based on his record in the obama-biden administration. some of that is because joe biden has hugged obama very closely in this campaign and is also a direction, a symbol, an indication of just how the democratic party continues to evolve moving to the left. there are some warnings from former obama campaign advisers, former obama administration officials as well about the risk of doing this. i want to read from a tweet from eric holder of course the former attorney general, somebody who is personally close to barack obama as well. he says to my fellow democrats be wary of attacking the obama record. build on it. expand it. there is little to be gained for you and the party by attacking a very successful and still popular democratic president. warning from eric holder, a view widely shared among former obama
administration officials as well. >> eric holder saying why don't you go with the new and improved strategy instead of destroying one that is hugely popular. gentlemen, thank you so much. vaughn hillyard, garrett haake, mike memoli. i want to bring in my next guest. you are there in michigan and you follow michigan voters every day. what did they hear last night? >> well, they heard the candidates talking about michigan. they heard the candidates talking about detroit, about what they've done and where they visited, but they didn't hear specific details about what they might do to help michigan. auto workers are certainly worried about health care. they've gone through very hard negotiations. they're in negotiations right now for contracts and fighting for their health care. and they've got very good health care. i think many of them are afraid they could lose it. while there are plenty of others who want big, bold ideas,
medicare for all. so it's kind of a mixed bag. >> well, they got to hear about health care. it was the number one topic last night. they covered it for the first 30 minutes. but do you actually believe at the end of the night any of those viewers got any smarter or understand the plans? it was pretty clear obama care was under attack and obama care in 2018 was at an all-time high in terms of approval rating. >> yes, it was. and the only thing they learned is that there are clear lines now that distinguish these candidates from each other, from the progressive wing to the more moderate wing. but the real question is, where are they going to end up when this happens? and are they going to be able to get a medicare for all passed? and what that means for them and their private insurance. >> something that could trump every single policy, every platform, is election security.
and it was barely covered last night. cory booker brought it up. i want to share just a bit of that. >> this is a case for the democratic party, the truth will set us free. we lost the state of michigan because everybody from republicans to russians were targeting the suppression of african-american voters. we need to say that. if the african-american vote in this state had been like it was four years earlier we'd have won the state of michigan. we need a campaign that is ready for what's coming and an all out assault especially on the most valuable voter group in our -- in fact, the highest performing voter group in our coalition, which is black women. >> give us some context about election security, voter suppression, specifically in michigan and why you think this was not a bigger topic during either night of debate. >> well, 95% of detroiters who voted in 2016 gave their vote to
hillary clinton. it is a very reliable, democratic vote. but 40,000 fewer detroit voters voted in 2016 than 2012. the margin of difference between donald trump and hillary clinton in michigan was 10,704 votes. so that's going to be one thing that the candidates have to do is make sure that all the -- everyone who can vote will vote. and, so, the voter suppression thing, i didn't hear much about it at all. in either night of the debate. and i'm not sure if there is going to be much of a -- much of a push. i know that our secretary of state in michigan jocelyn benson has been working on election security and making sure that the voting machines are safe, that everybody gets to vote. we passed a ballot proposal in 2018. that's going to allow people to -- more people to vote and to vote more easily. >> all right. kathleen gray, thank you so much. you had a pretty late night.
we'll let you take a quick rest. i want to bring into this conversation a democratic strategist and former executive director of the new york state democratic party and a republican strategist and former communications director for the national republican congressional committee. basil when the campaign managers spoke to each contender before the debate and said number one goal, get this guy out of the white house, did they get confused and think it was barack obama still there? because that's the guy they went after. >> that was a bit surprising. as you said earlier, the affordable care act is extraordinarily popular among all voters not just democrats. in fact, it helped more red state voters than it did blue state voters. having said that, it was very confusing last night. i think the average voter saw a lot of bickering. they didn't see a lot of unifying talk except for maybe cory booker on occasion did speak that way and was more
focused on donald trump than maybe the other candidates were. they saw a lot of attacks on the front-runner in joe biden. so what i wonder is, if there will be a moderate alternative to joe biden that rises up, maybe that's cory booker. maybe he pushes himself into that top tier because of last night's performance. but there was a lot of attacks on the party, itself, on the standard bearer of the party, which is still barack obama. i'm not sure the average voter looking at that felt very comfortable that we're going to put aside the anger and the cutting our nose off to spite our face that we may have done in 2016 to be able to get donald trump out of office. >> a lot of people were scratching their heads last night and this morning saying hold on a second. cory booker, kamala harris going after obama's record on deportation and health care which many people believe are shining positives during that administration. both talked about that strategy this morning. i want to share that.
>> president obama is the statesman of our party and has the highest approval ratings. but i don't think that any administration as you and i both know who have been in public life, nothing is without criticism and there are really substantive issues to discuss. >> barack obama was an extraordinary president and probably the best president or one of the best presidents in our life times. what he did and what he accomplished in getting the affordable care act to actually come into being was extraordinary. but in his own words he has said, it was a starter house. he has said, medicare for all is a good idea. so when i talk about my medicare for all plan it is about building on the success of what president obama achieved. >> did you hear them building on the success last night? >> not at all. i would say, focus, focus, focus. the obama care is not your target. president obama is not your target. your target is donald trump. i think cory touched on this. he spoke a lot about, and this is where i think other democrats
should have done better. talking about what voters have lost during the trump administration and talk about what you as president would bring back. that is an effective line and very powerful. it's not -- you don't have to go back and relitigate anything that obama did on that particular debate stage. you talk about what voters have lost, the old thing, the old adage, what have you gained, is your life better in the last four years than -- >> ronald reagan. are you better off. >> are you better off. so the real question is, are you better off now than you were when president trump took office? the answer for democrats obviously is no. tell us why. what have we lost? you didn't really hear that last night. >> we often say president trump, he's killed others in debates. it's his special sauce. when we watched last night and you watched each candidate sort of go through and in some cases stumble a bit on their policies, still, they were performing at an "a" or "b" level compared to president trump has never
articulated the details of his policies. when we go after -- when i heard democratic strategists last night on twitter mock joe biden for a gaff here or there, are they forgetting that president trump told people to go out and vote on november 28th? >> that's the thing. we get in our little bubbles on twitter or the political sphere and we forget, hey, are people even watching this en masse right now, right? it's the summer of an off year, 15 months from an election. i think you're right. i think democrats are very good at arguing among themselves on medicare for all, on immigration. but the interesting part of it is these are broadly unpopular with the broader electorate and you can't dismiss it. >> what are broadly unpopular? >> medicare for all when you eliminate private insurance and decriminalizing border crossings. >> joe biden is not looking to do either one. >> exactly but when you dismiss them as republican talking
points eventually at some point one of these guys has to run against a republican, president trump, right? i think it is very telling. almost none of these candidates on stage has ever run a credible and tight race against a republican for their current job. john hickenlooper in 2014 won by four points. the other closest were cory booker and elizabeth warren won by nine points but those were in solid blue states. and in presidential years or special elections. so that is very telling. you can't win this race unless you can talk to independents but also independent republicans. >> we talked about medicare for all. one of the things that didn't come up as much but did in the first night of the debates was the role organized labor plays in all of this. when we talk about the fact that unions particularly since the financial crisis, you have cities and states pushing through these austerity budgets, what does that mean? unions had to give up some salary for better health care so that is one of the reasons why a lot of union members don't like this language about having to
give up their insurance and i don't think any of the candidates really addressed that fully. it's an important point if you're talking about white middle class workers going forward. >> and contrast republicans and their debates in 2016. i was part of it. also in 2012 how we talk about ronald reagan and we revere him and how democrats essentially trash the obama legacy last night in many ways. that is just a very telling thing. it could have been a republican debate the they were talking about the legacy of president obama. >> last night many people said president trump is sitting in the white house laughing. he won last night. but did he actually win over the last two days? did he get a moment like he had in the first debate where you have an entire stage saying, yes. we would look to give health care to undocumented immigrants. the president, for the last month, has wanted to say, all democrats are left wing socialists. did he really get the chance to say that over the last few days? because michael bennett certainly isn't. joe biden certainly isn't. the night before, we didn't see
that across the board. yes you may have seen it from some progressive candidates but not universally. >> i think michael bennett will be lucky to make the next debate stage. also this really doesn't start in ernest. >> i don't know what that means. >> this will start in ernest when elizabeth warren and bernie sanders get on the same stage as joe biden. it won't be pretty. joe biden, this is as easy as it's going to get for joe biden. kama and kamala harris battled it out. i think cory won the exchange. when elizabeth warren and cory booker go after joe biden just being essentially too moderate that is where it is going to get tough for him. >> it seemed pretty tough last night. thank you both so much. next kamala harris and joe biden get hit hard on criminal justice. this matters to african-american voters. guess what? democrats need their support.
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detroit put the issues of the midwest front and center. joined a group of black voters in flint a city that gained national attention for the water crisis due to neglect. he joined them for a watch party for the debates. i am also joined by the youngest and first african-american mayor of stockton, california, mayor michael tubbs with us as well. he was an invited guest at last night's debate by senator kamala harris. he also considers cory booker a mentor of his. so, mayor tubbs, you had a lot of your favorite people in the room last night. and another mentor of yours, barack obama. his record and his legacy was on stage. what did you hear? >> well, i heard a lot of hope for the country. i think every single candidate on the stage talked about the america that we need to see, an america that respects the dignity of all people, an america that understands the criminal justice system is deeply in need of reform.
>> hold on a second. you -- with all due respect, you felt like you heard a lot of hope and optimism last night? and i say it somewhat, with some skepticism because across the board it sounded like there was a whole lot of candidates who were attacking one another. >> well, i didn't hear -- i heard hope for the country and that folks were seriously looking at each other's records and also pushing each other to be their best selves. particularly with donald trump in the white house we need a candidate that is battle tested and is ready to articulate to the american people what could be better and what can america be? for every candidate on the stage with the proposals mentioned whether how to get to health care to education to the point senator harris made at the end of the debate about being the one to take the case against donald trump. i felt hopeful because they are
ready for a fight. >> people who have not been hopeful are the people of flint, michigan, and they have every reason to be skeptical of politicians. to say they were left behind is an under statement. the people of flint need clean water, jobs, they need to be treated with respect. did it sound like any of the candidates were speaking to them last night and their concerns? >> i tell you what, stephanie, thank you for having me. spent a lot of time last night with a bunch of black voters who were part of this black voters matter tour. quite frankly in speaking with them they feel they have been lied to which they have time and again from politicians. their trust is very thin but, also, their patience is even thinner. i learned a new word last night. >> whoa, whoa. say it again? >> yes. pressed to digitation. it means magic for entertainment's sake. that's what politics have
become. folks here are fed up. we have some sound from last night. let's listen to what some of them had to say. >> right now i don't think that anything is going really in oneay or another.ally push right now i think politics for the last five years bang. we're not trying to educate the voters. >> i keep hearing the media say joe biden, joe biden, but i don't think they're coming to our community because i am not, you know, i respect that joe biden was the vice president and president obama, he was his vice president. but i wasn't really aware of that criminal justice. >> i'm hearing them kind of, you know, pick at each other, you know, trying to prove points that really don't matter just to make somebody look bad. trying to dehumanize your opponent so you look better. the oldest trick in the book. >> sometimes, stephanie, we forget there are actually people here on the ground living these lives, dealing with the impacts of our politics and policy and
nowhere is that more clear than here in flint where folks are practical, pragmatic, but also very cautious. given the way they've been lied to, manipulated, and abused quite frankly in the past. >> all show and no go. mayor tubbs, you mentioned michael tubbs and what he said last night. what michael bennett said last night about education. i want to share that sound. >> this is the fourth debate that we have had and the second time we have been debating what people did 50 years ago with busing when our schools are as segregated today as they were 50 years ago. we need a conversation about what's happening now. and when there's a group of kids in this country that don't get preschool through no fault of their own and another group does, equal is not equal. >> mayor tubbs, michael bennett took us to the present. for people who care about inequality, for people who care
about lost opportunities, education is where it's at. how important was that answer to voters do you believe, mayor? >> i think the answer was important for voters but also hopefully for moderators moving forward. so much of the debates especially the last debate was about some sort of wwe meets jerry springer setup. to the point raised, there are people in flint and stockton really struggling with figuring out the agenda, health care, how do i make sure my kids have a good place to go to school and i live in a safe community? i appreciate senator bennett elevating the discourse and keeping us focused on not just beating president trump which has to happen but how do we win for the american people and actually deliver things so folks in flint and stockton understand that government can do everything but government does have a role to create more opportunity in their lives but government can't do everything. >> yeah, i think when you think about this idea of hope and optimism, people are at once
hopeful that some candidates will emerge. but we're talking to mayor michael tubbs, some young, fresh blood. folks in flint said, you know, they're tired of the old names. they hear joe biden bandied about across the country but they need some sort of fresh inspiration and fresh blood that will get away from the old politics. you mentioned this kind of wwe kind of wrestling match setup. they were tired of the bickering. more than one person said, i want to get to the heart and substance of real issues not just the wrestling match. but, also, one thing we haven't addressed much of is race being once again front and center, from the president's racist tweets on, but have the democrats really confronted that with enough fervor given how important the black base is through the midwest? we've talked before about this kind of mythical white, working class voter in the midwest. there are also black people who have been part of the bed rock of industry in america who also have their fates go the way of industry and are fighting every single day to get a foothold. so while last night, you know,
may be thinning the herd as we move to the next level, black voters especially here in flint want hard core substance not this smoke and mirrors and dance. >> sounds like voters said, step up your game. mayor michael tubbs, thank you so much. i appreciate you joining us. coming up, we are now two debates down and massive criticism. you just heard some. about last night's performances. michael moore. a michigan native and one of the few people who called trump's win early weighs in on where he sees the only path forward for a democratic white house win. i mean, if you haven't thought about switching to geico, frankly, you're missing out. uh... the mobile app makes it easy to manage your policy, even way out here. your marshmallow's... get digital id cards, emergency roadside service,
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today we are entering a new phase in the democratic race. we have seen the candidates debate twice so far with mixed results. we have a month until the next debate and 186 days until voters get their first crack to weigh in. so how does a candidate maintain or jump-start momentum from last night and keep it going all the way to iowa? i'm joined now by a professor at the lbj school of public affairs at the university of texas, my dear friend, former aide to the george w. bush white house, and former congressman steve israel,
also the director of the institute of politics and global affairs at cornell university. all right. we just finished the second debate. where do you see things going from here? it is going to be a lot harder to get on the next stage. >> i'm really just waiting to see elizabeth warren and joe biden go head to head. that's the debate the democratic party needs to see and the field will narrow after we see that matchup and see joe biden really go up against someone who is his pier when it comes to public pomsy a policy and also the polling. as she has been climbing in the polls joe biden has been holding steady. is that going to change? >> congressman, how about the next rung of candidates? who do you see as a possible contender and what does he or she have to do in order to get him or herself up in the ranks? >> we watch the debate and analyze every verb and every moment but in terms of
megatrends nothing has really changed for anybody in any tier. the top five who went into the first debate in miami are the top five who left the second debate in detroit and will go to houston. i think you can argue that elizabeth warren, there are micro moments. elizabeth warren has been sustained in her momentum so she emerges stronger. i think cory booker emerges stronger from the debate. then you've got people like tim ryan and kirsten gillibrand and secretary castro, who butt themselves enough oxygen i believe to get to the third debate. they're fighting a different battle. for biden it's survive. for the others it's just get enough oxygen to make it to the next debate. >> how about those even further on the outside but maybe they're bringing conversations to the table that need to be there. i'm talking about andrew yang. victoria, i want to share what candidate yang had to say about automation. >> the automation of our jobs is
a central challenge facing us today. it is why donald trump is our president. any politician not addressing it is failing the american people. >> victoria, we know tim ryan addressed this over and over. he said he wants to bring a chief manufacturing officer. but beyond that, why aren't other candidates talking about this in a really big way? when the president led the corporate tax cut the idea was we'll have big business investment and see a huge boost in hiring. a, we haven't seen the business investment and when we do that investment is going to be in technology. that means automation. that means even more jobs will be displaced. this is a massive, massive issue and instead, these candidates are going through the fine print of health care. >> you know, i could not agree more, stephanie. mckenzie just came out recently with a big study on the effects of automation on women because automation is going to affect that middle, lower class more than most. it is the women who are going to be displaced from their jobs,
it's going to be minorities. this is stuff we should see kamala and julian and booker bringing up instead of just busing and segregation. it is about what is going to happen to the jobs of these folks in the next five, 15, and 20 years? you know, i'm a mixed brain here in terms of do i keep the conversation going with 20 people and we get interesting snippets from an andrew yang and even marianne williamson or do we narrow down the conversation so we can get elizabeth warren and biden on a one on one? my hope is the optimist in me is that eventually we will broaden out the conversation and the narrower field will talk about these issues that really affect our pocketbook. they're not some far out space ship type of future. they're going to be here in the next five to ten years, stephanie. >> they're here right now. elise, michael moore weighed in last night. this, the documentarian from michigan who called the election very early last time around. he said, michigan voters are
going to follow president trump. he is going to win. last night he had a suggestion. actually he said there is only one path democrats can take if they want to take the white house. watch this. >> not this kind of conversation we're having about how we better stay moderate here because we don't want to lose who? who don't you want to lose? 2/3 of the white men who voted for trump? you know, news alert. they're not coming. trump only won by 77,000 votes, combined votes between wisconsin, michigan, and pennsylvania. we don't need a million, folks. we just need 77,000. i think we can find them with that 70% majority. >> michael moore is saying, stop searching for those white guys who voted for trump. they ain't coming. look for new young voters. they're ready to step up to the plate and will go democrat. >> i think there is a strong argument to be made that the candidate has to energize voters who simply didn't turn out especially in michigan,
especially in wisconsin. but i think at the same time democratic voters do tend to be more moderate than what is being acknowledged by this field right now. you see so much action on the left and playing to chip away votes from bernie sanders but at the same time look how biden -- no one has really tried to get any of the moderate action from him and peel off the moderate voters. >> congressman, if the true democratic electorate is more moderate, let's say we end up with a moderate candidate like joe biden. does this super energize progressive left wing ala the bernie sanders voter, do they show up this time? because they didn't show up for hillary clinton but this time around does their vitriol, their anger, their hate against president trump make them show up? >> look. there are two elements of every campaign whether running for a local school board or for president of the united states. it's persuasion of swing voters and, as you know, getting out your base. i really get frustrated with this false debate that my party
is having that you have to do one or the other. news flash michael moore you have to do both. my proof? the 2018 election where democrats flipped 41 seats by running moderate candidates in moderate districts and now have nancy pelosi as speaker of the house. you cannot choose one over the other. if you are in one of those 20 counties, swing counties in six or seven bellwether states you got to win those counties in those states. if you're talking about impeachment in brooklyn, new york, maybe that wins. gets the base out. if you're talking about impeachment in brooklyn, iowa, which is a republican congressional seat that the democrats won, you'll lose that area. you got to do both. >> victoria, elizabeth warren clearly had a very strong debate two nights ago. but she wasn't the only one. there were moderate candidates. joe biden did leave standing yesterday. at president trump's next rally he is going to be holding one in cincinnati tonight. will he be able to continue this narrative that all democrats
will want open borders and medicare for all? there was a huge debate last night, specifically about that. they all don't want medicare for all. >> really, i think the election is ultimately going to narrow down when we get into october/september of 2020 to health care and immigration or at least trump is going to make it as much and take those snippets. we did see some moderate stances the first night especially. i think the first night the moderate lane of the democratic party was a winner there and they were able to make their case. last night we again saw the issue with immigration. i think that this is going to be a very difficult piece for the democratic party to confront trump with. because on the one hand, you don't want to side with trump but on the other hand you don't want to seem too extreme. so the immigration piece is one we're going to see play out tonight in cincinnati and play out continually and i think that's going to be an achilles heel for the democrats unless they can all get on the same page. >> well, better be really,
really big page. they might need a legal pad. thank you, victoria, elise jordan, and congressman israel. guess what? i'm not letting you two leave yet. stick around. coming up president trump got his wish, a tax cut, an interest rate cut, and, still, the market tanked. what is going on today? well, no surprise. he's punching powell, jay powell the fed chair that he appointed. (ding) hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ alice loves the smell of gain so much, she wished it came in a fabric softener too. [throat clears]
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time now for money, power, politics. markets are slightly up this morning after the federal reserve announced it was cutting interest rates yesterday. and this comes after the market then dropped more than 300 points, right after the announcement. i'm joined now by cnbc's chief economics reporter and ben white, politico chief economic correspondent and host of the politico money podcast. steve, i thought the market loves a rate cut. why would the dow plunge? >> that's the thing, stephanie, is the market loves rate cuts and the market loves two rate cuts and the market loves three rate cuts. powell kind of came forward and said you know what? we're doing this one but we're not quite so sure about rate cuts two and three. when powell called this thing, what he is saying, a mid cycle adjustment is the term that he used, you could see the market go right down like a rock at that point because all of a sudden powell was saying, you know what? you can't bank on the fact these are going to be multiple cuts.
it may just be one or two. >> okay. powell basically said, this is a tweak, not a trend. >> right. >> and no surprise the president, ben, didn't like it. he wanted a big cut. he didn't get a big cut. where does the president go from here on this? >> caving to trump. so continue to bang on about how the fed is not doing enough. they raised interest rates too fast. as steve said trump looking for a half basis point as least, he got a quarter point cut and markets looked at that and said, okay, we got our quarter point cut. powell has now said maybe we get hikes later in the year. the problem is that powell can have no idea exactly what he's going to do because he has no idea what trump is going to do on trade policy. that is the big unknown and that makes powell's job really hard. >> let's stay on trade policy. steve, let's do trump strategy
jujitsu. things stalled out with regard to china. the thing that caused everything to slow down and caused jay powell to be concerned is the trade war with china. is it net positive, if he wants to get more of a rate cut. we know rising stock market is a big win for the president. >> right. so i think not that you, stephanie, are but that's slightly crazy. the idea you would create and/or continue a trade war to force federal reserve to cut interest rates. i'm trying to think about a metaphor a little better than cut off your nose to spite your face but that's the one i'm thinking of on the floor. this trade war with china is a big deal. the possibility of additional trade wars with other countries are a big deal. the market falls off when these
things happen. a rate cut is not the right medicine. even if it were, not enough to offset it. yeah, i want to get back to your political question, outside of my bailiwick here. it's working for the president. there's almost no downside. there were 10 trump tweets ahead of the fed meeting and i can tell you 0 from every other president before that. i can also tell you it was the most times the president has tweeted ahead of a meeting. he got on camera three times bark his nominee, by the way. that was his guy, powell who put in there criticizing the fed. there's almost no blowback, no downside. as you say, stephanie, and suggest, it's a perfect salve to the economy not being as strong as he said it was going to be. it's a perfect salve to the idea that the trade war is having a big effect on the economy. >> trump loves to blame somebody. in this case on the economy if it doesn't do what he says it's going to do, that's jay powell's fault. that's how he set up.
>> blame it on jay powell, the guy he pointed. >> thank you, steve liesman, ben white of politico. after two nights, two nights and three hours of prime time tv, contenders did everything they could to make their case but was it enough for all 20 of them to stay in the race. l 20 of them t stay in the race i didn't have to call 911. and i didn't have to come get you. because you didn't have another heart attack. not today. you took our conversation about your chronic coronary artery disease to heart. even with a stent procedure, your condition can get worse over time, and keep you at risk of blood clots. so you added xarelto®, to help keep you protected. xarelto®, when taken with low-dose aspirin, is proven to further reduce the risk of blood clots that can cause heart attack, stroke, or cardiovascular death in people with chronic cad. that's because while aspirin can help, it may not be enough to manage your risk of blood clots. in a clinical trial, almost 96% of people taking xarelto® did not have a cardiovascular event. don't stop taking xarelto® without talking to your doctor,
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mentioned or skipped entirely. back with me my guests, judges, supreme court justices, many people think this is the biggest win to this administration and a massive hit to the democrats. why not talk about it. >> bernie sanders this morning on "morning joe" was talking about mitch mcconnell and kentucky. that's something that really resonates with democrats, if you get them angry at mitch mcconnell. i was surprised we didn't hear more about the judges and some of the pressing issues with women's health happening all around the country. an issue that certainly makes it and galvanizes the democratic base. >> are you surprised this didn't come up? evangelical base is the president's most loyal. you can sit here and crush him about morality and ethics and you think he might lose that support. given what he's done on the judicial front, they ain't moving. >> i'm very frustrated. 52% of likely voters are telling
us they aren't going to vote for donald trump. what do these debates talk about? not donald trump. half an hour on the most arcane details of affordable care act when at one point john delaney said at the debate i believe that's in section 1200. you know a debate isn't really resonating when you're talking about section 1200. democrats need to be talking about donald trump. they also need to talk about supreme court existential threats to democrats like gerrymandering. existential like election security and they didn't have a chance to do that. >> should they have leaned into the economy last night? the president talks all day long about the economy. ten miles about the debate stage a gm plant closed. that is the bifurcated economy and they are barely talking about it. >> they hit fundamental economic anxiety that's impacting americans all over. >> in michigan. >> all over from all sectors. everyone worried about high college tuition, worried about
the high cost of living. they are worried about their job security and clearly health care. no, i thought they could hit that a bit more. >> who drops out next? there's good senate seats. >> mayor of new york, he's my mayor, i don't think bill de blasio bought the auction he needs for the next debate. i agree what you said at the top of the segment, i think you'll start to see a consolidation of the field. >> de blasio is the next one out. who do you think? >> i sure hope de blasio is the next one out. i'd like him to come back here and work on hot holes nelson mandela the subway. >> thank you for watching this very busy hour on msnbc. i will see you again at 1:00 p.m. where i'll have a chance to be speaking with presidential candidate and washington state governor jay inslee following his debate last night. coming up, more niece with hallie jackson in d.c. >> we'll look for your 1:00. thanks. this morning 2020 democrats back on the campaign trail today with new questions this morning over how they will seize on or
recover from a second night of fireworks in detroit. the reaction rolling in already today. >> i felt like it was a great opportunity last night to show my heart and my head. >> leading candidates prepared for a pile on. boy, did they get it. not just kamala harris but joe biden. vice president facing fire from every other podium from the moment he walked on stage. >> the vice president has still failed to acknowledge that it was wrong to take the position that he took. >> mr. vice president, you can't have it both ways. >> it looks like one of us has learned the lessons of the past and one of us hasn't. >> mr. vice president you want to be president of the united states, you need to be able to answer the tough questions. >> our team of reporters and analyst here to break it down along with top stories of the day. road warriors in detroit mike medley covering biden campaign. mike hill following senator harris. garrett haake covers