steven mnuchin was pretty confident he will get the votes your thoughts? >> i think he's a little overly optimistic. i think there's a long ways to go and they haven't been very good at counting votes so far and they have a hard battle ahead. >> maria: hard battle ahead? >> i'm concerned because when we talk about removing deductions on the wealthiest you'll get conservatives who say this is not a typical conservative bill so he might lose republicans and that's a big concern and when he has many democrat democrats i don't know who they are maybe one or two. >> maria: well there's donnelly, heitkamp, there's minnesota chin >> but none publicly said i'll support the president. i think if they were they would be out talking about it. >> maria: if they don't, aren't their states, their states were won by president trump. >> it doesn't matter i've done this for 50 years. there's no guarantee because a presidential campaign wins it the senator can go different. >> maria: sounds like you're skeptical of the tax reform? >> i think they have a lot further way to g

kevin: including steven mnuchin. the president likes to meet with democrats, he likes the bipartisan feel and they're are hoping to get a couple of democratic supporters in order to offset what could be conservatives who are against them on tax reform. thingsre a couple of being discussed, border adjustment tax, guilt, the state and local deduction issue, which has been somewhat controversial. there is potential a pay for on 401k's that asset managers are quietly pressuring the administration and people like chairman brady of the house tax writing committee against. this would be -- how this is being put together is very much evolving. it is very fluid. on the issue of the budget, republican lawmakers in the senate are very much pushing to get the budget voted on by this week. it is the latest political hurdle they have to clear, if they want to get the tax reform by the end of the year and that is why some republicans, including mick mulvaney, are saying that if they do not pass a budget by the end of the year, it l

mnuchin. he will be with us to talk taxes. lots to dig through about how he sees all of this coming together we've been short on details to this point maybe the treasury secretary can shed light on how he sees this playing out. big conversations coming up. >> i love that at the top there, an accidental name drop of the highest order from cnbc. i was trying to remember who i was talking to yesterday, oh, it was larry fink that's how i roll. >> you know how it goes. you cram everything froo yoin y head >> oh, it was the treasury secretary. >> one time when mark haines was here, you cram so many people in your head and forget about it, joe put a newspaper in front of mark and said tell me who is the guest host today, wouldn't let him see who it was mark was like -- oh. >> called out. >> you remembered it more importantly you remembered the key point, the fed misstep risk thank you. >>> when we come back, the federal reserve is in focus, tons of central bank speak on the docket today we'll tell yo

this is steven mnuchin, take a listen. steven mnuchin: one of the things we're trying to do is eliminate lots and lots of deductions. one of those deductions is about getting the federal government out of the business of subsidizing the states. lauren: so, is that going to fly? we don't know if it's going to--what these deductions are going to be that are left on the cutting room floor. is this one going to fly? jamie: so, i think this is going to be hard to sell to states like new jersey and california, which do have republican voters, right? and they do have republican congress and senate members. and that's going to be tough to sell there when all of a sudden you might be raising taxes for some people in your district if you remove this state income tax deduction from the taxes. so, that could be hard to sell. that could be one that's on the chopping block. i actually think it was recently said that's on there, but it's not redline. jamie: if they--if they say, "oh, okay, we'll keep that," can they make the numbers work

steven mnuchin wraps up a middle east trip in delhi. delhi -- doha. he says that the two nations have a shared understanding. the u.s. has been trying to find a way to break a month-long saudie in which the .egime has cut ties with doha this is bloomberg. >> thank you for that update. federal investigation into whether the trump cap lane -- campaign colluded. three people not been charged. paul manafort and former business partner rick gates are accused of conspiracy, money laundering, lying, and other crimes. george papadopoulos is also facing charges. this follows months long investigation into the possible crimes including possible instruction of justice by his associates. we are joined by jodi schneider. the first question i had, how much do these developments threaten the president? here is robert mueller making a case. we are seeing what is playbook is going to be. he is trying to get a lot of information, get a lot of data, and send the signal through these indictments and through releasing the guilty plea from saying we wills go after a lot of

a quick programming note, we will talk taxes with steven mnuchin, he will join us at 7:45 a.m. he has been with the president for that speech and more >> the race for the next fed governor, the chair, seems to be tightening fed governor jerome powell is the front-runner today according to predict it, the betting website. they have his odds at 48%. followed by former fed governor, kevin warsh at 25%, and janet yellen at 13%. politico is reporting that treasury secretary steve enough season pushing for powell to take the job we'll hear more from secretary mnuchin coming up at 7:45 a.m. eastern. >> apparently they worked together on some regulatory stuff. mnuchin feeling comfortable with powell >> warsh i thought was a long shot in the "journal" today, i like this headline, warsh seen as pick for bank's leader then i looked into exactly what they're saying so warsh was at 28%, and then yellen 22%, and powell at 21%. if i wassed ethe editor -- as w guy, do you think that's a good headline. >> i would say warsh in the lead >> that's different than the predictive markets and -- >> le

this morning we're talking about treasury secretary steven mnuchin. a new review- saying he took 7 trips on government jets. the taxpayer cost of that - is over 800-thousand dollars. but- the review found that he didn't break any laws. it's the first major step toward passing the g-o-p tax reform plan.. the house approved a four-point-one trillion dollar budget yesterday. the budget plan includes cuts to agencies and programs. but the reductions are smaller than what the white house wanted. the senate is set to vote on the budget plan the week of october 16th. passing the measure would lay the groundwork for republicans to pass tax reform with 51 senate votes.. instead of the usual 60. california is now set to become a sanctuary state.. as of january first. governor jerry brown signed the legislation ye limits federal immigration police from detaining and deporting peopefrom public scho, hospitals, and courthouses. jail inmates will have to be released once their local charges are addressed, no matter what their immigration status is. the move puts th

treasury secretary steven mnuchin and gary cohen? have they been participating weekly are regularly with congress? richard: it was happening more over the summer and into september. for the last few weeks they have been engaged but letting the committees really do a lot of the detailed work to get bill where it needs to be. we did have a situation where the president weight in on potential changes. that is something members are sensitive to come in hearing from the president and having him get involved, which he's got political clout among the republican base, but also jumping in and declaring red lines and what can't change and what has to change is something that can upend very multidimensional complex processes. dynamic between the administration, particularly the president and his twitter account, and the republicans on the hill is something to watch as november rolls forward. bill: lots of tax debate ahead, and reporting on it is richard ruben, technology reporter with "the wall street journal." thanks for joining us. announcer:

. >> according to reports, secretary of state rex tillerson, treasury secretary steven mnuchin and defense secretary james mattis have formed a "suicide pact" where if one resigns, they all do. ( elevator music ) >> that moron is out of control but he can't touch us now that we've formed a suicide pafnlgt with me mattis? >> hooah! w about you mnuchin. yeah. hoorah. how far does it go? >> suicide pact. to the unemployment line? what's your problem? it's a suicide pact. >> it's very severe. how about we call it bettsys for life? >> it's a suicide pact and to show our commitment let's brick medals and mix our blood. hoorah! grab 'em, mad dog! >> i'm feeling faint! stop struggling! >> announcer: it's the "late show" with stephen colbert. tonight rex tillerson and the suicide pact. plus -- tonight, stephen welcomes: morgan freeman and, grace gummer featuring jon batiste and stay human. and now, live on tape from the ed sullivan theater in new york city, it's stephen colbert! ( cheers and applause ) ( band playing ) captioning sponsored by cbs >> stephen: i didn't mean to do that. hey! ( cheers

how closely would he listen to someone like steven mnuchin who is a treasury secretary, were he to be the fed chair? michael: it is itching to see how the fed reacts if you get tax cuts in place that speed up the economy. you would expect inflation to start rising and the fed to lean against that. "politico"ly, in a article whether said powell was the favorite at the time, they said steve mnuchin believes he can control powell. what does that mean? powell would probably push back hard against that characterization, but if the administration is making its decision based on who would be more amenable to keeping rates low if the economy starts to overheat, that is an interesting reason to choose powell if that is what they are thinking. vonnie: and he has also worked at the treasury himself. he had senior roles under george h.w. bush. michael mckee, will continue to follow this story. michael mckee, our international policy and economics correspondent. vonnie: all right, in other news -- apple -- let's turn to tech. shares of apple are higher after the company began accepting free orders

treasury secretary steven mnuchin joins me in moments but first we have fox team coverage. john roberts at the white house with what else the president said during his second rose garden news conference in as many days. we started off with peter doocy and a possible deal on capitol hill. >> a rare bipartisan agreement reached today was the last thing republicans wanted on election day. they were going to repeal obamacare without any democratic votes and then replace it with a g.o.p. alternative. now they are stuck making a deal with democrats to fix obamacare. >> obamacare is virtually dead. >> but not completely dead because democrats and republicans today agreed to revive something president trump just killed. federal funds for insurance companies that offer certain obamacare plans known as cost-sharing reduction payments. >> talking about a two year extension on cost-sharing payments. more meaningful flex ability to states. >> keeping those payments in place helps stop premiums from rising, main bargaining .4 senator patty murray. >> chairman alexander and i were able to

steven mnuchin. mr. secretary, thank you for joining us this morning. we heard the president right there. also you and your colleagues have said the wealthy will not get a tax cut under the plan. it's hard to see how that can possibly be true given that your plan proposes cutting the top rate, eliminating the estate tax. eliminating the alternative minimum tax and cutting the rate on pass-through entities. the nonpartisan tax center saying 80% of the benefits will flow to the top 1%. we'll show that chart. the wealthiest getting the biggest cut. it's a fact, isn't it? >> george, great to be with you this morning. and no, that's not a fact. as we release the details of the plan, we'll show all the different impacts to different people. as the president has said all along, the changes to the income tax system are meant to create middle-income tax cuts and make corporate and business tax competitive so we can bring back tons and tons of jobs and capital to this country. >> i know that's the objective. based on the evidence put out so far, all the cuts i ju

treasury secretary steven mnuchin. his royal highness prince salman. and peter thiel is with me. steve sc shrks warzman is here. david iewben stein and tom farley. but first let's get the biggest headlines from gerri willis. gere report dow had its stht straight winning week. the push for a tax bill got past a big hurdle. the house narrowly passing a budget. when lawmakers can agree on a tax plan. the house is expected to unveil their version this week. the president talked about the importance of passing tax reform. >> we are bringing the corporate rate down from 35% to 20%. it will be the biggest tax cut in our country. right now our country is one of the highest taxed in the world, and we can't have that. gerri: a horrible week for general electric stock. they are trying to sell parts of the healthcare and transportation division, including the railroad business. they are raising $93 billion in market value. maria: the president's tax reform plan is front and center for his administration as well as the republican leadership in the house and senate. we want to get into it. wit

our colleagues will speak to steven mnuchin, first on cnbc at 13: 13:35. let's talk about the fed with patrick spencer from robert b. baer. great to have you on the show. there is a lot of concern about the lack of inflation. fomc members are trying to look for it it's nowhere to be found do you think it's a temporary phenomenon or longer lasting >> i think yellen will run the economy hot despite inflation. so irrespective of that, they're committed to cutting the fed's balance sheet. they have talked about reducing that if you look at the financial markets, they're predicting a 90% chance of a fed hike in december you know, the script is normalization, and i suspect even though the dot plot from the fed is considerably higher than consensus rates, higher rates are coming >> is she right to continue with the tightening cycle maybe that's what the market needs, the financial sector is hoping on? she's really boxed herself into a corner if you will >> yes, dare i say never it's different this time you do have technology, you have the participation rate which

tonight we are talking about treasury secretary steven mnuchin, a new review saying he took seven trips on government jets with a taxpayer cost of over $800,000. the review found he did not break any laws. alison: jewish holidays and spring break could be at risk as montgomery county school leaders try to craft a new calendar. this is because of governor mary hogan's new rules that extend summer vacation until after labor day. rules thatgan's new extend summer vacation until labor day. public schools n days, so they may need to cut some days awful step governor hogan said it is outrageous schools are considering eliminating religious holidays and should focus on cutting union service days. two another big school district and an alleged grade fixing stalled the spotlight for prince george's county schools. an independent firm has set up a tip line to report cheating issues, grade fixing reports surfacing over the summer. if you want the phone number involved and more resources, go to wjla.com. jonathan: now a 7 on your side consumer alert -- if you cannot wait to watch "stranger things"

maria: meanwhile the other big names include steven mnuchin, steven is with me and mark wineberg was with me and ceo of london stock exchange group will be here. also mohamed el-erian. joining me from new york, college's business and economic professor brian brendberg, fox business dagen mcdowell, investment strategy lindsey bell. good morning, everybody. dagen: good morning. [laughter] maria: we've got -- i thought there was a little bit of a delay. dagen; you mentioned earlier the top stories that you're watching, give us a treat to what's on your radar today. give us a hint. dagen: certainly the top story in the wall street journal we should point out and you have been covering it in-depth the risks among republicans with senator jeff flake openly criticizing the president in a speech saying he's going retire, that the latest bob corker getting -- what you asked the president getting hit on twitter and still focused on the fact that this negative, discredited dossier that was put together by the firm fusion gps on now president trump was funded by hillary clinton, by the dnc and i

steven mnuchin is privately recommending jerome powell as fed chair. the present has promised to shakeup the american tax system. could the fed be next? joining us to discuss all of this, mark cudmore. good morning. is december a done deal? not that it looks likely to me. expec the fed minutes to surprise and they did not. there is a slight dovish twist. are sayingike they december will not happen. it is not such a done deal as we thought 24 hours ago. it would take a major derailing. was inar consensus september. we saw that at the press conference. yellen wants to hike in december if they can get away with it and it looks like the data will let them get away with it. matt: have we learned anything about inflation targeting or are we going to continue to stay with this 2% inflation target? i do not know if we have learned much. it is great if the fed has realized that low inflation is not transitory. it is worrying it has taken this long. are they going to change the monetary policy framework? it will be slow moving. a have taken five or six years tha

the tax reform vote does not happen, then what steven mnuchin is saying is really true. it's a no-confidence vote. and i think that we have to show we believe in the president's agenda, stand with president trump on the jobs, on the economy, on getting health care attended to, getting tax reform done. i think it's an imperative for congress. >> kennedy: can i just at some into what you said about the dow because i think this is really important. these are games made on theoretical economic growth. it hasn't happened yet. it's like buying a pair of yoga pants. if you buy size to yoga pants and you're still a size eight and you don't start the diet you're never going to wear the yoga pants. >> richard: there's one point to be made about steve nations, and there and i think it's very important to hit home to the viewers is that while we were seeing gains on the stock market, it's not all the time that you see those gains on the stock market that they trickle down to everyday americans. the stock market gains have happened over the years. we've seen with that eight years of

epa administrator scott pruitt, steven mnuchin, ryan zinke and secretary david shelton have all flown on private government plans at taxpayer expense. chuck, how big a deal is this and how about the fact as republicans point out that various democrats when they were in positions of power to the same thing? >> how big a deal as it? i think if we didn't have this big story about puerto rico and the nfl and all the other things that this would have been an even bigger story because it does go right to that perception of the trump administration, to some extent created by the president himself and his heavy expenditures on secret service protection and travel back and forth to new jersey, they are a little loose with the taxpayers dime when it comes to their own personal comfort. i think it's very significant that the president asked axed m price with such speed. there was some price, pardon the pun, to be paid for health care. secretary price had really performed a lot more dynamically and done a more impressive job in trying to get through that health care bill he might have had more of

director scott pitt, and treasury secretary steven mnuchin. when asked, mnuchin refused to rule out using private or military aircraft to do his job. >> the only time that i will be using mil-air is when there are issues, either for national security or where we have to get to various different things. there's no other means. >> reporter: now, president trump does not want wasteful spending questioned while pushing for tax reform but there are other issues. on friday the tax policy center said his administration's proposal would mostly benefit the top 1% of earners. still, congressional republicans hope to deliver a bill to the oval office by the end of the year. reena. >> ninan: errol barnett, thank you, errol. in china today, u.s. secretary of state rex tillerson acknowledged that the u.s. is in direct talks with north korea, even as tensions escalate over its nuclear missiles programs. tillerson said the u.s. is exploring nort north korea's willingness to talk. president trump visits asia in november. there was a protest against police brut

. >> according to reports, secretary of state rex tillerson, treasury secretary steven mnuchin and defense secretary james mattis have formed a "suicide pact" where if one resigns, they all do. ( elevator music ) >> that moron is out of control but he can't touch us now that we've formed a suicide pafnlgt with me mattis? >> hooah! w about you mnuchin. yeah. hoorah. how far does it go? >> suicide pact. to the unemployment line? what's your problem? it's a suicide pact. >> it's very severe. how about we call it bettsys for life? >> it's a suicide pact and to

. >>> new investigation reveals that treasury secretary steven mnuchin racked up more than $00,000 in air travel expenses. the inspector general report says the secretary did not violate any laws when he took seven flights on military jets but it found the flights were poorly justified. the investigation was prompted by his trip to kentucky with his wife who described on social media the designer clothes that she wore. >>> now to a shocking story from japan. a woman has died after working 159 hours of overtime in just one month. the 31-year-old was a reporter at the public tv channel and she died from heart failure. her death is fueling more debate over japan's work culture and prompting new calls to limit overtime there. >>> if you have netflix get ready to pay, guess what, more. the company is raising the price of its standard plan by 10% and the cost of the premium plan will rise to $13.99 trying to compete with amazon and hbo for programming. netflix stock hit a record high after the price hike was announced. >>> when we come back the strange sight on radar that baffled even the w

treasury secretary steven mnuchin said today the administration is moving toward new sanctions on iran's revolutionary guards, its elite military forces involved operations outside iran, such as in syria and yemen. asked about north korea today, secretary of state tillerson said: despite mixed messages, president trump is not seeking a war. >> he has made it clear to me to continue my diplomatic efforts. which we are. and i've told others those diplomatic efforts will continue until the first bomb drops. >> sreenivasan: today, president trump's national security adviser added: the administration is considering military options to stop north korea's leader from threatening the u.s. with nuclear weapons. >> what kim jong-un should recognize is that if he thinks the development of this nuclear capability is keeping him safer, it's actually the opposite. >> sreenivasan: the united nations says south sudan's four- year-old civil war has left half of the nation's population-- six million people-- in need of humanitarian aid. the conflict began when south sudan's army split between factions loy

vice president mike pence and steven mnuchin wanted to be jerome powell or john taylor, with the betting on jerome powell. an announcement is unlikely this week. say the u.k. has offered more on brexit than before, but must do better if advance.ons are to while theresa may sent significant signals, she has not changed her stance. the german chancellor added that it is motivated to trade by december and sees zero indication the brexit talks won't succeed. hasspanish prime minister won the backing of other eu leaders as he prepares to take direct control of catalonia. the separatist leaders meet on monday to plan their next move. they are asking for supporters to pull money out of banks in protests. its youngestas leader in 150 years after labor won the backing of the countriy. beenjust 37 and has compared with other youthful figures such as emmanuel macron and justin trudeau in canada. a slowdown is coming and capitalism needs a human face. announcer: from our studios in new york city, this is "charlie rose." ♪ ahead, pollsl suggesting shinzo obvious election gamble will pay off and cli

secretary of the treasury, steven mnuchin, who is here someplace. there he is. and gary cohn, director of the national economic council. thank you, gary. thank you. and mike turner's eye, the speaker of the pennsylvania house of representatives, thank you, mike. i think that's enough, right? that's enough. we will start losing the crowd, mike. before we get i want to take a moment to address some of the recent tragedies that a struck out incredible nation. in the darkest moments, the light of our people has shown through like seldom before. their goodness, , their courage and their love. no destructive force on earth is more powerful than the strength and resilience of the american people. [applause] we are praying for all of the families affected by the horrific mass shooting that took place in las vegas. we grieve with you, and we will never leave your side. our hearts are also with the victims of the wildfires in california's napa and sonoma valleys. and they are wild and dangerous fires, and we have fema out there right now along with a lot of first responde

i also want to thank members of my economic team, secretary steven mnuchin and director gary cone for joining us as well. we appreciate it. let me begin by saying our hearts and prayers go out to the people of puerto rico and the virgin islands who are suffering in the wake of yet another catastrophic hurricane. their island was virtually destroyed. federal agencies are working closely with local partners to help these communities get back on their feet as soon as possible. texas, florida, louisiana are doing great. and the recovery process is happening very, very quickly. i will be going down to puerto rico next week to get an on the ground briefing about the disaster recovery and to see all of our great first responders and to meet a lot of the people who are so affected by these storms. we are with you now, i tell them. and we will be there every step of the way until this job is done. it's truly catastrophic what happened in puerto rico. and massive amounts of water, food and supplies, by the way, are being delivered on an hourly basis. it's something that nobody's ever seen befor

shaw, i thought steven mnuchin's dire warning about the stock market was unnecessary. but i thought it was part of an all-court press. you have president trump with the olive branch to democrats. last night asking people to contact their congressmen. >> the administration needs a full-court press. i don't like what mnuchin said. i think it was provocative in terms of threatening. the anticipation of the tax cut is baked in. so everybody knows who is actively in the market. there will be some kind of pullback if we don't get the tax cuts. charles: president trump pulling in democrats. it's obvious also that the average american out there wants to keep a bigger chunk of his or her paycheck. tammy: there are so many vulnerable democrats. this is what i expected from mcconnell to do in the senate, these democrats are from deep red states. super trump fan states. and it's the right thing to do. so they are doing what their constituents want. this is not horse trading. they got away without helping with obamacare. but in that framework this is a delay and they will help with

andcan see steven mnuchin small business administrator linda mcmahon. the acting home secretary for health and human services, the acting hhs secretary and also the owner of i hop. basically it's going to involve cutting back a little bit on what the affordable care act allowed and specifically these association health plans which would allow small groups to band together to buy their own insurance. there's a lot of criticism of this. mark: what are these association health plans? bit like as a little union or a group of like-minded individuals in a small business category. they would get together, negotiate their own price with an insurer. the trouble is according to people like the kaiser family foundation that would discourage people from buying insurance on their own. it would also take healthier people out of the bucket of people buying health insurance and put them in the smaller associations. it would make the premiums for everybody else go up. this is just an executive order. it would have to be written. it does indicate willingness to change th

. >> dana: mick mulvaney -- no steven mnuchin said the middle class tax cut was nonnegotiable. thank you. the white house and president trump reacting to the indictments of paul manafort and his aide. why the white house says this is no big deal. already admitted lying to the fbi, but just made public today, so is this a big deal? >> dana: a fox news alert, first indictment headed down by bob mueller, campaign chair, facing 12 counts including conspiracy against the united states, and pleading not guilty to all 12 charges. john roberts joins us now. >> good afternoon, dana. the white house pushing back against any notion this is a thing to do with the trump campaign or the trump presidenc presidency. it happened a long time before paul manafort ever got near working for president trump, then candidate donald trump. tweeting out this morning, sorry, this is years before paul manafort was part of the trump campaign. why aren't crooked hillary and the democrats the focus? there is no collusion. the white house sources told me, they believe this really is not going to go much furth

mnuchin have been talking to kevin powell and steve warsh >> that's my must read today >> good. asian equities overnight, some action out of japan. strong again didn't close up much, but that's a to-ye a two-year high for the nikkei hang seng closed up. australia was lower. europe did manage to close higher yesterday and it's mixed this morning. the dax is stronger. but we're seai inseeing weakness the continent, particularly in spain as the political problem of catalonia heats up. they had that illegal referendum over the weekend, there was violence a crackdown from the government and thousa government and now they'll have to figure out what to do next. the catalonian leaders are plowing forward with this referendum >> their rhetoric yesterday more pronounced about pushing forward. we had softer eurozone retail sales this morning and headlines coming out which we'll come to the competition commission speaking about -- >> waiting on that amazon back tax. >> 250 million euros seems to be the headline also taking i'd to court over their small bill that they used to impose on apple

you are really punchy about steven mnuchin. you said he was naÏve about the impact of a.i. robert: yes, when i hear the word "a.i.," i don't know what we are about. i put it under the category of "ai." everybody throws things under there. i look at it more like automation. what automated tasks can we get done where we do not need a human on the other side of that? that is where i think he is a little naÏve, because even a company today, when i talk to hr person or can i ask a conversational interface? so "a.i." is a catchall for the fear and anxiety, but things will get automated to natural language processing and that is what is happening in our enterprises. julia: governments are not yet keeping up. robert: that is another story. we can automate government. i think things like the irs, things like asking the government questions, there are big parts of the government that you could automate today that we would want. more importantly, we as consumers, we decide what we want to do, and if we want automation, if we want to preserve our time and get through these very basic

i believe it was treasury secretary steven mnuchin sort of let slip either him or gary cohn that said estate tax doesn't matter because rich people don't pay it anyway because they hide their money. it is true. it is true. rich people know how to -- even if it is just $500 to an accountant, but they pay to find ways to pay the least tax possible. the simpler the system, the better it is for working people who pay taxes. >> look at this. we didn't even set all this up. we completely agree. that was a very harmonious discussion. populist on simplification. that's not bad. i think we had a result of the 4 of the 6 were populist and 2 elitist. it is not bad but could do better on the populism front. i'm sure we will be hearing more about the tax plan in the weeks and months ahead. coming up, later, we hear a lot about big donors on the right and their shadowy influence on policies. but what about the big donors on the left? the public sector union, bankroll democrats, we expose the corruption. but next our next guest warns that our workplaces may be hidden dictatorships. it's all pop-cult

the dow closed about 23,000 for the very first time and treasury secretary steven mnuchin is warning congress, hey, cut taxes or stocks will plunge. they have rallied since the election. he told politico because that's the market expects, needs, wants tax reform. >> to the extent we get the tax deal done, the stock market will go up higher, but there's no question in my mind if we don't get it done, you're going to see a reversal of a significant amount of these gains. >> it is so rare to hear a treasury secretary and a president talk so much about the stock market. there are other factors that benefit stocks, strong corporate profits, economic growth. but if the tax plan is good for wall street, senator bernie sanders says it's bad for working americans. >> it is a robbinhood proposal in reverse. they're ta they're -- it's proposal that must be defeated he. >> he called it a disaster. >> this debate is very, very simple. bernie and the democrats want to raise your taxes. and the republicans want to cut them so that have more in your pocket. >> to pass a tax bill by the end of the ye

treasury has found steven mnuchin's use of aircraft is in line with the rules, but calling for more rigor in backing of the need for expenses in the future. he has asked for nonofficial airplanes since becoming treasury secretary in february, 8 were approved whie his for a honeymoon was withdrawn. praise from the introduction of a consumption tax, predicting it will boost gdp growth. the chairman told the west india in new delhi that he expects it to become parents in the september quarter and continue -- the introduction of this ddp triggered widespread inventory rundown, which was distorted production data. >> this has been the biggest, single economic -- and it will add a lot of value to the gdp growth rates. and we should wait a little antsy. i think -- and see. i think people are being unnecessarily pessimistic. >> saudi arabia says cooperation with russia has breathed new life into opec, making it more optimistic about the oil market than it has been. highlights the warming of relations between the two countries and determination to take action on both the oil price. and crude risin

according to a report in politico, steven mnuchin favors fed governor jerome powell over kevin warsh. both were interviewed at the white house last week. jeffrey gundlach thinks he knows who the next fed chair will be speaking in los angeles, he thinks neel kashkari will be president trump's pick >> i have a nonconsensus point of view again. i think it will be neel kashkari who is kind of a -- not a trained ph.d. economist, but the most easy money guy in the federal reserve system today, neel kashkari. that's why i think he might win. he wrote an essay yesterday, that was published, basically talking about why we should have more easy money policies i think the president, if he has a chance of retaining his base, he needs to deliver something to the disaffected middle class a stronger dollar is not good for achieving that agenda. a weak dollar is positive. easy money is more a friend of a weak dollar than tight money >> let's show you how the currency markets are reacting to that speculation about who the next fed chair will be or won't be the dollar is under pressure as we said befor

secretary of the treasury steven mnuchin and gary cohn, director of the national economic council. thank you. thank you. and mike, the speaker of the pennsylvania house of representatives. thank you. i think that's enough, right? that's enough. we will start losing the crowd, mike. before we begin, i want to take a moment to address some of the recent tragedies that have struck our incredible nation. in the darkest moments, the light of our people has shown through like seldom before. third goodness, their courage, and their love. no destructive force on earth is more powerful than the strength and resilience of the american people. we are praying for all of the families affected by the horrific mass shooting that took place in las vegas. we grieve with you, and we will never leave your side. our hearts are also with the victims of the wildfires in california's napa and sonoma valleys. and they are wild and dangerous fires, and we have fema out there along with a lot of first responders doing an incredible job along with everyone else and they really have done a very incredible --