Was on fire as he showed off his stump speech showmanship and issued a warning about the dangers he says would come with a donald trump presidency. Pres. Obama this is the guy you want to be championing working people . This guy, who spent 70 years on this earth showing no concern for working people . This guy is suddenly going to be your champion . Crowd no pres. Obama he spent most of his time trying to stay away from working people as he could. Now he is going to be the champion of working people. Huh . I mean, he wasnt going to let you on his golf course. John out here where i am, bill clinton is taking his wifes place at a pair of fundraisers. For an interview on charlie rose. We will hear some of that sound in a moment. In a meantime, nicole wallace, there are not many days were remaining between now and november 8. It looks like Hillary Clinton will not be back on the trail again until friday. At the same time, with surrogates like these, barack obama, bill clinton, how bad is it really . It bye i would answer asking you how bad was her convention, where every night was filled by a super surrogate. She came out of that week in the strongest position of her campaign so far. It is not bad. If you see her come down with another cold, you might think she didnt think so either. These are great messengers for her. The president is an impassioned surrogate. I liked his Performance Today better than the one where she set him up and spoke as well. John Hillary Clinton has admitted she is not a natural campaigner. This is no denigration of her to these two, when they are on their game, president clinton and president obama, they are better than she is. Barack obama was fantastic as an advocate for her. She has a challenge right now as we see the polls tightening. We know that the problem for her is not just republicans are coming home for donald trump, but that she has an enthusiasm problem with africanamerican voters, young voters, and with hispanic voters. She is getting a big percentage, but there is an enthusiasm gap. If anybody can do something about that, barack obama can. It is good to have him out there in full throat. Nicolle there was always strategy to this. There is strategy in holding back and not pushing bernie off the stage, to be able to do this. They were aware of her deficiencies with the Obama Coalition. Their plan was always to come in in the final months and bolster her support and numbers with the Peaceful Coalition she would need in these days. John as i said, we are going to listen to some of this will clinton sounded in a couple of minutes, but bill clinton is not of a performer as barack obama, but this morning on charlie rose, when he took on trump and was trying to explain what was going on in the electorate, it was like the old bill clinton from 2012, when he was a fantastic surrogate. That president clinton was on display, arguing for his wife. If she has those two firing on all cylinders, she is in a good place. She could not have better people in her stand while she is resting up. Nicolle we will come back to her health in a minute, and the way her campaign handled her illness this week, because it is one of the two big stories. The other one is the way she lumped half of donald trump s supporters in a shrinkwrapped basket of deplorables. On both fronts, the Clinton Campaign is tired of being on defense, and now they are trying their best to get themselves on offense. Sure, weer attack is, have made our mistakes, but trump is even worse than we are. The trumphours after campaign tried to bask on this, clinton released some things some unflattering things trump has said in public. Watch this. Mr. Trump you cannot lead this nation if you have a low opinion for its citizens. How stupid are the people of the country . We are building a wall. Hes a mexican. You have to see this guy i dont know what i said. I dont remember. You are living in poverty, you have no jobs. What the hell do you have to lose . Campaign is clinton also jumping all over the latest controversy surrounding mike pence, who refused to call white supremacist david duke deplorable during a cnn interview yesterday. On capitol hill this morning, donald trump would not go there, but he reiterated neither he nor trump wants to support. Still, trump is trying to keep the focus on clintons comments. Ideas, noers no solutions, and only hatred and derision. Im running to be a president ,or all americans, democrat republican, independent, everyone. Whether you vote for me [applause] mr. Trump whether you vote for me or whether you vote for someone else, i will be still your greatest champion. While my opponent slanders you as deplorable and irredeemable, i call you hardworking american patriots who love your country and want a Better Future for all of our people. Nicolle there are some people who say Hillary Clinton would rather be talking about this than her emails or her health. Can she manage to turn the deplorables gap to her advantage . John i think she can, and she is, to some extent. We have had a couple of days of debates where we have people arguing about, is 50 the right number or not . Lets look at the polling. Lets see the percentage of Trump Supporters who are voters who are birthers. Lets see how many would like to ban homosexuals from the united states. Lets look at the numbers. That is not a great debate for donald trump. The other thing, as byron york pointed out this morning, this is a diabolical trap, every time some outrageous trump supporter says something or does something outrageous, people in Donald Trumps campaign are going to be asked, is that person deplorable or not . Is david duke deplorable . When they say no, because they dont want to use the clinton language, they will get hit with headlines as pence has been, of refusing to call david duke deplorable. That is a good thing for the Clinton Campaign. Offtopic, deplorables is a great name for a band. There is literally one answer. Is david duke deplorable . Yes. Yes. Leep yes. But this is mindboggling to me. Taking on Trump Supporters is a mistake. The people who agree with her are already voting for her. The people she needs to convert are the ones who share concerns about her as well. She needs to bring around moderate voters who are not on the clinton and wagon. The people in the bandwagon ieve clintons base trumps base contains plenty of deplorables, but people she needs to convert, they are not warming up to her when they hear her maligned. John she needs to fire up her own base. Clinton may be taking time off the campaign trail and letting super surrogates pick up the slack for her, but she did have time to call in to cnn last night. She answered two questions about her opponents lack of transparency. Ms. Clinton compare everything you know about me with my opponent. I think its time he met the same level of disclosure that i have for years. Youve got a medical report on me that meets the same standard as mitt romney and barack obama. Donald trumps dr. Said he would be the healthiest president and that is not even serious. I have released nearly 40 years of tax returns, he has not released one. John sounds familiar, doesnt it, bill . Clinton a martian came down and watched america unfold, it would be hard to see these pleas for disclosure, which are onesided. Charlie people are demanding donald trump release his income tax returns all the time. President clinton it would be refreshing if there were one thing in life where he disclosed more than she has. But i dont think there is so far, not even one. John donald trump is planning to reveal more about his health this week. He continues to be pressed about when and if he is going to ever release his income tax returns. Thewashington ports washington post, a reporter keeps raising questions about his Charitable Foundation and whether donald trump has given much, if any of his personal wealth in recent years. Hillary clinton now admits that her team was not as forthcoming as it should have in this weekend, and she is now planning to release more information about her health in the days ahead. But my question is, how successful do you think her efforts to jujitsu this broader be . Rt of transparency might nicolle it is always a strategic and structural misjudgment there is fairness and there is parity. On the question of transparency, the clinton team finds it unfair, but there is the pursuit of parity that will not come to fruition. She is expected to and will benefit from moving towards more transparency. That is her single greatest political liability. His greatest liability is Something Different entirely. Its this notion that his depth of knowledge is one millimeter deep and he is volatile. They are both trying to solve butnt problems and the media aside, because the media should expect the same of both of them. The truth is voters are holding them to different standards. He still maintains an advantage on this question of honesty and trustworthiness. Even though as bill clinton accurately points out, over the years there has been a lot more information about her released to the public. John she is held to a different standard. Whether it is fair or unfair, i say it is unfair over for career, but it is the case that it is a smart move for the Clinton Campaign to focus on his lack of transparency, which is epic, and the fact that reporters have not done a great job of drilling down on him. David is an exception. This is a guy who is putting himself in contention for a pulitzer by looking at the Trump Foundation, finding out it is unusual in a variety of ways. That donald trump money is not much of the truck bank foundation, that it takes the trump dubnation, that it takes other peoples money and spends it, calling hundreds of charities that have not received donations, tracing phantom contributions that the Trump Foundation claims it has given to charities and has no record of. The tax law violations. Clintonart for hillary to push all of our colleagues and us to do more on this. Nicolle the only thing i would add is that trump is running as a scoundrel. He is running as a guy who has worked over a rigged system. Part of the reason these stories dont stick to him is that he is openly running as a guy who has gained the system. When you are running against a rigged system, you get away with more than she does. Votersets make sure know exactly how big a scoundrel he is. Nicolle that sounds like a good plan. When we come back, we will look at the coverage of Hillary Clintons Health Situation and if there is any gender bias involved, right after this. Say more, bute to i think there is an element of sexism on how this is being covered at this point, and i am worried that i feel guilty of the same thing, but i think the weak is awoman as sexist stereotype. John that was former new york jill executive editor abramson on bbc radio, critiquing how the media has been covering hillarys health scare. Jill is not alone. Others have claimed the sexism, gender bias, misogyny when it comes to how this is handled. My question for you, as the woman in this conversation, are they right . Nicolle yes and no. I dont think Hillary Clinton is in trouble because she got pneumonia. I think voters are forgiving. The campaign is grueling. The reporters know how grueling it is. Hillary clinton is in this predicament because she did not tell people she had pneumonia. Sarah palin, the degree, the specificity with which she was forced to address very personal details about her pregnancy and recovery, and when exactly she was in labor and what she did, were like nothing i have ever seen working for george w. Bush and dick cheney, a Vice President with a health condition, and john mccain, a candidate who was a skin cancer survivor. John i think there are two things you can say that are unequivocally true. One, any president ial nominee, male or female, if they were caught collapsing at a public event, it would get a lot of attention. The second thing is, there is no doubt this has been amplified is because others around donald trump has been spreading conspiracy theories, and donald trump has talked about her in a misogynistic way, talking about how frail she is and whether she is durable enough to be president. That has amplified it. A little bit of an element of gender bias has crept in. Mark for the last laugh nicolle women will get the last laugh. Women are the deciders. This is a losing strategy on that. John you are getting the last word on this for sure. Up next, we will check in with our reporters about the state of the race after these words from our sponsors. Nicolle we are 56 days away from election day. We are joined by two people who have been following both candidates virtually every step of the way. Kevin cirilli, who follows donald trump and jennifer epstein, who covers Hillary Clinton. When you go through Something Like this, a communications crisis at best, a Health Crisis with troubling video at worst, how is the campaign recalibrated and reset from an internal dynamic . Jennifer they go back to what they often do, to not reveal a lot of information. They said they regret how they handled the situation and should have been more forthcoming on some day, if not on friday or saturday about her pneumonia. She did think she could work through it and nobody would notice. Nicolle should she keep her cool closer by . Pool closer by . Jennifer no, we have been talking about that. We have been pushing them on it. But what happened on sunday shows that there is Something Different between having a close protectivefully pool. I could not get in the motorcade because the secret Service Wanted to get her out as soon as possible. That press than would have caught up on the way and would have gone to chelseas appointment chelseas apartment two minutes after as opposed to two hours. Pool supporters at all. Nicolle let me ask you to explain the eighth wonder of the world, how donald trump has managed to stay restrained after letting his surrogates cross a lot of lines in terms of insinuations about Hillary Clintons health. How, as she nearly collapsed into a van, have they managed to keep a lid on hyperbole about her health . Kevin as this was developing, trump was notified during the Actual Service as it was reverberating across social media. He made a key decision not to campaign on this issue at all out of respect for 9 11. But behind the scenes, his aides were meeting and plotting away capitalize only this rough point for the Clinton Campaign, and they made a decision to focus on basket of deplorables. Monday morning, they came out with the attack ad hitting clinton on that comment. Later that evening, they brought up member after member of donald Trump Supporters, letting them speak for themselves. They feel the basket of deplorables is the way to attack clinton without having to attack her on the health and overplay their hand. John kevin, let me ask you this question about donald trump and his health. He is going to tape dr. Oz tomorrow, airing on we do not thursday. Know who the doctor is who performed the physical on him that he says he has had. Do you know about the details of what we should expect for that Health Care Information theyre going to put out . Kevin the bottom line is no, they have not put out details about surrounding the doctor or the physical that took place last week. We have asked them about this. There are similarities between the Clinton Campaign and the Donald Trump Campaign on the issue not only of their health record, but also with their relationship with the media in terms of a protective pool. Both candidates, this is another reason Trump Campaign aides are not attacking hillary through trump on this issue, i think they recognize that he himself has also not been as forthcoming as previous candidates in regards to his Health Return records. John right. Jennifer, i think we now believe that Hillary Clinton will not be on the campaign trail on friday. Until friday. How worried is the Clinton Campaign about her absence . We have missed four days, thats a lot. Jennifer i dont know if it is definitive that she will not be out until friday, but it is not what the campaign has been hoping for. They were planning on doing an economic speech in california that had to be postponed. That was an effort to do policy speeches that go into what motivates her as a candidate and as a Public Servant to serve. They saw it as a way to kind of course correct from a very heavy antitrump team and to instead coherent argument. The whole calendar has become more compressed. To some extent, they have a detailed schedule for the whole way through. You have to think about rescheduling california fundraisers and other things. It gets difficult. Nicolle kevin, really quickly, are you hearing anything that could be any sort of surprise in Donald Trumps medical history . Anything unflattering or embarrassing . Kevin they are keeping the medical records close, so no, we are not. Of course, everyone is early awaiting. Eagerly awaiting. Donald trump is never one to not have a surprise. We will have to wait and see what dr. Oz will find out. Nicolle never been so excited to see dr. Roz. Dr. Oz. Thank you. When we come back, we are bringing in a strategist to talk deplorables, health, and the coveted Obama Coalition after this. John welcome back. It is time to talk strategy. Were going to be joined in a minute by democratic strategist bill burton. Hes going to be with us momentarily from santa barbara, but first, from washington, d. C. , republican strategist and columnist for the washington post, ed rogers. Ed, just to clarify, you are never trump, or you are not trump right now but maybe trump by election day, which one . I call myself a nonsupporter. Im not never trump. Ive been waiting on trump. The clock is ticking, but im a firm nonsupporter. John at the moment, ok. So as a nontrump supporter, but youre also doggedly not a supporter of Hillary Clinton, youre sort of neutral. How much do you think that the basket of deplorables plays to Donald Trumps advantage . Ed its been a real gift for him, the degree to which he needs something to talk about and to the degree to which he needs a gift from hillary from time to time, this was a good one. It serves at a focal point for people who dont like hillary anyway. Its hard to quantify in terms of what it means for him. That said, the race has bogged down into deplorables, and pneumonia, and disclosures of this and that. Its not about the economy, not about whats going to drive votes, and thats probably better for Hillary Clinton than it is for trump. Nicolle riddle me this. Why is it hard to answer this question . Is david duke deplorable . Ed good question. Nicolle [laughs] the press wants you to give him the word. Give him the word in his case. That said nicolle isnt he in a category of his own . Why is this so hard . Ed he is in the category of a creature of the national media. Hes never had a toehold. Yet the media fixates on him. I am sure that governor pence did not want to go there or give them what they want, but in this case, give them what they want and move on. Ignore david duke all you can , and this was the opposite of ignoring it. Go ahead and say it, yes, deplorable. Thats deplorable. My people arent, this guy is. Lets let them have that. Theyre thinking too much. John let me ask you about something im sure you find deplorable, knowing you the way i do. Donald trumps embrace of vladimir putin, the man crush. Ed yeah, whats that about . John what is that about, and do you think it is electorally consequential . Will voters care about the fact that trump has cozied up to putin for this entire campaign . Ed its clumsy, and some day im sure it will be revealed what on earth it was all about, but the notion of having some sort of a diplomatic approach with russia could be the policy of a serious speech, it can be a subject of some component of a stump speech, but this sort of personal admiration and borderline fawning is weird. Is there a business connection, something down the road for some sort of selfish benefit . I dont know, but its weird and its unprecedented. I cant think of anything close to this. I cant think of what good has come from it. Its bizarre, among other things that are bizarre with the trump movement. John theres no doubt about that. Lets bring in bill burton up in santa barbara. Great to have you with us. Your old boss out on the campaign trail today. Weve been looking at the polling for the last week or so and thinking about why this race is tightening. One of the reasons that the number crunchers have come up with is the notion that a lot of the Obama Coalition is not totally jazzed up for Hillary Clinton. Do you think your boss, even without his name on the ballot, can help her with those groups . Absolutely. As an incumbent president who had such high numbers, his usefulness crosses geographies and demographics. I think he will be very helpful in a bunch of places. But like you mentioned, its the Obama Coalition that needs to be brought on board in a serious way, and not a lot of people can do that like the president. Shes lucky to have a surrogate like that. Donald trump doesnt have anything that even approaches that. John as you pointed out, Barack ObamasApproval Ratings super high. He is still beloved by his voters, and yet there are not many people in the coalition who dont know barack obama supports Hillary Clinton, but shes not seen the enthusiasm. Hes going to be on the campaign trail, but what more can he do . Ive worked for four different president ial candidates and one president. Ive seen a lot of president ial campaigns. Im not as old as you, but i have seen a lot. John thanks, bill. Bill when i learned the most was john kerrys campaign, when i was just a Regional Press secretary. We would put different surrogates in different media markets. What we saw was, depending on the strength of your surrogate, if you put somebody in milwaukee or des moines or minneapolis, you could see a bump in the numbers after they came. Hillary clinton has a stable of awesome surrogates led by president obama who can go into a market, specifically target at geography, and get people jazzed up. People may know that president obama supports Hillary Clinton, but thats different from him coming to down, doing an event, getting people fired up, leading the local newscast, and actually getting that appreciable bounce in the polls target by target. Nicolle bill, youre speaking my language. You and i were both on that campaign of 2004. If all those things are true thats how we used to do things in the republican party, target by county where you had to pick up your support to make the state turn in your favor. Your bus and mine used to cross each other on the highways in wisconsin and ohio. Trump is not playing that game, and are you completely confident that Hillary Clinton has adopted adapted to his asymmetrical warfare . It doesnt seem like the polls reflect that obvious advantage in strategy and infrastructure. Bill one of my favorite memories on the campaign trail was when bush and kerry were in iowa and there were six big robberies in the Metro Nicolle and we all got bumped off the news because of it. I do remember that. Bill yeah, exactly right. No, shes not adapt tock his asymmetrical warfare. Because the media is covering this in a different way to voters consume it and voters participate, i dont know that she has to, even though it might look clunky against the warfare that donald trump is employing. The fact that she is using data, working county by county, thats the path to winning. Its not donald trump leading the press around by the nose with his twitter feed with something more and more outlandish every day. Its, how do you get in there, talk to voters, be in the place the places that matter, and moving swing states into your column . Nicolle ed, i think im in your basket of republican angst. What do you feel more stressed about . Waking up and having Hillary Clinton having won, or waking up and having donald trump having won . And i wake up having republicans having lost the senate. Thats my number one stress level. I am more anxious about that than anything else. I dont see a downdraft building. Hillary is not building a Wave Campaign thats going to sweep out a bunch of republicans. It doesnt look like the floor is falling out from under donald trump. So im sort of dodging your question. But thats how i feel. [laughter] right, ed rogers, questiondodging ed rogers. Young bill burton. Younger than me, apparently, according to bill. Unfortunately, its true. Thank you both. Bill, youre never coming back on the show again. Coming up, the math to figure out how to win the states after this. Nicolle if donald trump has any path to the white house, it probably runs through the rust belt states like ohio and pennsylvania, where manufacturing decline could make voters rife for his message. But when it comes to winning these states, the clinton and Trump Campaigns are using the same basic voter formula. Campaign strategists divide voters into three main groups. The base, Party Loyalists who will turn out on november 8 no matter what. Then there are way campaigns like to call geo tv gotv targets, get out the vote, people who will probably back you but are unreliable voters and need extra encouragement to get to the polls. In pennsylvania, democrats have such an advantage that clinton can technically win the state without a single vote from independents, but in ohio, where both trump and clinton start with similarly sized bases, its all about persuadables and the undecided voters who both campaigns are trying to woo through tv ads, campaign events. From there, the math is simple. If your base, gotvs, and share of persuadables add up to the estimated win number, you win. Nick joining us are two guys who will be crunching those numbers. They started in the rust belt with pennsylvania, ohio, and michigan, and what would it take for trump to cross the line in each state. Such eisenberg is a Bloomberg Politics contributor and one of john and marks brilliant producers. Lets start with you. Youre the first one who gets me through these hours. Im totally lost without you. Now its clear why. Youre the star of the show. That was amazing. In 2000 and 2004 it was florida, florida. Clearly now its ohio, ohio. Why . And theres a reason. A lot of people think theyre going to be close, but they dont know why. Like weon is because, showed you, Hillary Clinton and donald trump start with very similar bases. Them very similar gotv, get out the vote targets that theyre trying to get to the polls, and the group of persuadables is pretty large. About 500,000 persuadeable voters, and whoever gets the larger share of those wins. Obama lost the independent votes in the state by a huge 10 points. He got creamed by romney, yet he still won because he was able to turn out more of his gotv. Hillary clinton doesnt have that advantage this year. If she lost by the same margin that obama did in 2012, she would have to run the ground game of a lifetime. Nicolle the reality is that life for people in ohio is this roche of messages to do just this. Most of the ads in ohio are targeted to that group. Thats why the Clinton Campaign is spending 13. 9 million. Behind florida, it is second state theyre spending the most ads in. It is ohio, if ohio, ohio, my question for republicans is, what are you doing in pennsylvania . Its a giant head fake for republicans. What are we doing in pennsylvania as republicans . Is there Something Different happening very active happening there . What we tried to do was look at the part of that Democratic Coalition that in those states where trump would have to eat into the democratic base, where should he look for defections . We mapped in white men without College Educations who are historically democratic, are likely to be voting, and live in communities directly affected by factory or plant closings. In those three states, we found that pennsylvania has by far the most, a little over 300,000 of them. A little over 200,000 in ohio. A little under that in michigan. So Hillary Clinton sorry, donald trump, has to eat into Hillary Clintons base, but thats where he would go to do it. Those noncollege white men. You can see where they are. They are clustered around the pittsburgh market, to a smaller degree around erie and scranton. Nicolle i cut you off. Its a totally different situation than ohio. Hillary clintons base, you add those up, she could win without winning any persuadable voters, and the persuadable universe in pennsylvania is so much smaller than it is in neighboring ohio. Its about three times larger in ohio. Trump could do everything he can to turn out his base and it wouldnt be enough for him. And this is why people say pennsylvania is such an uphill climb for him. Its still a really important state for him to win. He has to peel off those democrats, and these are the democrats we think are the most vulnerable for him to convert. John talk to me about michigan. If pennsylvania is a reach for donald trump, michigan must be well out of his reach. Yeah, we see similar economic dynamics across these states, but the mix of the electorate is really difficult for him there. There are about 189,000 of these working class, white democrat men who live in communities hit by localized plant closures. 70 of them are in the detroit media market. That may be one reason why trump is spending money in michigan. I think it is the seventh highest state by his ad spending even though clinton and her super pacs arent there at all. When you look at the other states on the Electoral College map, places like colorado and virginia, where he has a difficult challenge that he thinks thats the place where he can maybe pick them off. Sha, real fast, you are like a data guru, and were going to be doing this series with you and steve all the way through the election. Why is the voter file better than polling . This is what campaigns do. They count up individual voters instead of trying to divide the electorate by percentages. One big reason is a large part of the campaign is not about changing peoples opinions, but about getting your own coalition out to vote. Its a much better way to look at who the voters are and where they are by going straight to the voter files than just relying on polls. Thank you both. Up next, were going to be talking about a political revolution. And no, we are not talking about bernie sanders. Find out who we are talking about, after this. John with us now is larry kudlow, Economic Advisor to Donald Trumps campaign and cohaw author of the new book j. F. K. And the reagan revolution. Larry, thank you for being here. I wish i was here with you, because you are always a delight. My question for you is this. You basically argue that john f. Kennedy, who we know was a tax cutter and a supply sider. Please explain . During the eisenhower years the economy didnt hardly grow. Notions of prosperity under ike is not true. Three recessions. Kennedy ran a 5 growth, but he didnt tell you how. He ran it in the campaign, beat nixon. He believed, as president , if he didnt get 5 growth he wouldnt be reelected. Initially they tried oldfashioned government spending. It did not work, and the government got worse. And the economy got worse. And a republican in his cabinet named Douglas Dylan was treasury secretary, and dylan basically talked him into lowering marginal tax rates across the board. High end, low end, corporations, you name it. What they got was they went from 91 , which was outrageous, to 70 and guess what, it worked. It worked very well. To connect the dots, john, 20 years later as a young deputy in o. M. B. , Ronald Reagan followed the same policies as john f. Kennedy. John heres my question about that. He certainly cut taxes across the board, but did reagan look to kennedy for inspiration, or is it just that they implemented the same kind of taxcutting policies . He looked to kennedy for inspiration. Jack kemp was kind of the gobetween, the late jack kemp, my mentor. They said we need something to get us out of the 1970s mass. Mess. Jack said lets use the tax cuts. 30 across the board, and kemp sold it to president reagan and by the way, from day one, reagan gave j. F. K. Credit. Constantly had him in speeches, major addresses. When he sold it to the nation in early 1981, you have to remember my dates, he mentioned kennedy and quoted kennedy, a rising tide lifts all bolts. Yeah, kennedy was kind of the pioneer and president reagan was a follower, what kemp called a duplicate. He was a duplicate. John larry, take off your authors hat and put on your advisor to donald trump hat. Yesterday the republican nominee was on cnbc and advanced a Conspiracy Theory where he said that janet yellen is keeping Interest Rates low in order to help hillaryd clinton did get elected. He previously had said he liked janet yellen. This argumentes have when it comes to political motivation . As an old fat guy, thats how i started my career. President s dont dictate to fed chair men. They may discuss, they may talk, but fed people are very consistent they have are very independent, and they have disagreements among themselves. Theyre having one right now within the reserve as to whether or not to raise rates or not. No, i dont see a conspiracy. I think yellen is doing what she thinks is best. Brandon, whatever her name is at the treasury, now at the fed, she said no, lets not raise rates. Theyre having a debate inside. I dont think president obama has a thing to do with it. Trumpso why is donald indulging in this Conspiracy Theory . Is there anything that can be done to make him stop . I think that the fed should be criticized. I think the fed needs a lot of reform and restructuring from top on down in a whole bunch of areas, so i dont have any problem with criticizing the fed per se, and i dont think this q. E. Business has worked very well, if at all. In recent years, i think it has done more harm than good. Thats my personal view. However, again, the fed is an independent central bank, and you talk to the president , i was in meetings like that years ago, but the president does not dictate monetary policy, and thats a good thing. Nicolle so donald trump is your pupil. Youre advising him on monetary policy. Let me ask you what he said about real unemployment. He said the real rate of unemployment is 42 . Instead of 4. 9 . When you hear Something Like that, do you speed dial him and go, donald, donald, what are you thinking . Tell me how that goes down. Please dont ask me things like that. Nicolle well, youre his advisor. He is being advised by you and says that real unemployment is 42 . Along with many others. It is the truth, not false humility. However, there will be discussions and there have been ongoing discussions about this i about this, and i honestly dont know where that number comes from. Nicolle do you call him and say what are you talking about . I did not. As i said, there are ongoing discussions. Hes speaking to the new York Economics Club on thursday. Its a very important speech, and what i can assure you of, these things notwithstanding, its going to be a powerful Economic Growth speech, as trump has a terrific tax cut plan which is very much like j. F. K. s and reagans, and he has a good plan to roll back regulations, including obamacare and the country needs growth. Thats the key point. The country needs Economic Growth, and youll hear that from mr. Trump. John we have to go, and i know theres no way you think the real Unemployment Rate is 42 . Anyway, thank you for coming on the show. Well be right back. John thank you for watching and until tomorrow mark sayonara. It wednesday, september 14. This is trending business. Youe going to be live from for you in tokyo, singapore, and melbourne. Samsung trying to manage the note seven battery crisis, limiting the Battery Charge to avoid overheating and fire. The yen weakened sharply after slipping through one of two overnights