Happened in argentina two days ago. Look whats happening in hong kong. We know that brexit is on the horizon in europe. Across the world, there is not really a safe haven of stability. Tack onto that the lack of clarity from our administration, whether its trade policies or Foreign Policy in general. Its really unclear what the president s intentions are, and for investors or corporate america, if they cant see a clear path, they sit out. I know you talked about this a little bit in your hour, but explain this to ordinary people who may not understand what is at play when you are talking about going to bed yesterday the market is up, waking up this morning and suddenly something has happened. One extra thing has happened and its a significant thing. This is the yield curb. The idea that if you invest money for the short term, you get a Short Interest rate, if you commit for the long term, you get a bigger Interest Rate. Typically the yield curb means lower interest for short term money, higher interest for longterm money. Hold on. Bottom line, if you dont want to get into the details of how or why that happened, heres what you need to know. From a historical perspective, when that happens, when the yield curb reverts, that is a precursor for a recession to come in tenplus months. Thats why it matters. I understand why it matters, but why did this only happen this morning . Why did that tenyear become lower interest than the twoyear . You know how a lot of people put their money in the stock market. When the stock market is uncertain, where does it go . You put it in bonds. When a bond price goes up, the Interest Rate goes down. Its an inverse relationship, so what youre seeing is whats called a flight to safety. People are leaving the stock market, piling into the bond market Government Bond market. Government bonds, gold, safe havens. Finally, what is it going to take to bring back a little stability . Maybe stability brings back stability. Solving issues like hong kong some of them are domestic. If we got an actual trade policy, which is highly unlikely, that would be a huge deal. Its unlikely that well get it, but its stability thats missing. And again, lets say youre not an investor. Just look at why economists are pointing to this history. Whenever weve seen it before, weve seen it turn. Stephanie and ali velshi, always appreciate your insight. The Trump Administration is once again trying to redefine who exactly is eligible for the american dream. Last night acting usci director Ken Cuccinelli doubled down on the poem of the statue of liberty telling cnn the plea for the tired and huddled masses was really referring more to european immigrants. Watch this. Of course, that poem was referring back to people coming from europe where they had classbased societies, where people were considered wretched if they werent in the right class, and it was introduced it was written one year one year after the First Federal public charge rule was written that says, and ill quote it, any person unable to take care of himself without becoming a public charge, unquote, would be inadmissib inadmissible. It is part of the larger defense of the white houses new immigration plan which would require potential u. S. Citizens to meet a certain standard of wealth or even education, and to prove that they are unlikely to ever require public assistance. As our own jane timm writes the standards could include credit scores, that there is assurance they would pay for things without tax credits. In a new interview with the hill, cuccinelli framed the plan with immigration policies in the past. This is a part and parcel of americas immigration history. We want people to come here. Were the most generous nation in the history of the world when it comes to immigration and having open arms, but we do expect people to stand on their own two feet to care for themselves, not to come here and be what has historically been called a public charge or a burden on the people or government. But they say its really a plan to limit immigrants based on race. The Washington PostEugene Robinson writing this. Trumps claim that he supports americas policy is his claim to make America White again. And people from mexico are the most of the immigrants and they are unlikely to have a high school diploma. Does President Trumps plan to limit immigrants based on wealth run contrary to americas promise . Here to break this down, anita kumar, and susan del percio, and bazos michael. Anita, let me start with you, because the way this has played out with Ken Cuccinelli has been a bit of a setback, it seems to be drawing quite a controversy than the original plan, and that plan drew quite a controversy. Youre right, although im not hearing from trump aides theyre particularly upset about it. This is something theyve wanted to do for a couple years. This is something that Stephen Miller, one of the the president s top aides, had to push back on it. So its something that theyre very happy with in terms fd theyve finally got this rule through. They wont think theyre setting it so he can say theyre changing immigration policy. Let me put this on the screen for you, because i want to run through a list of what the president has done. This is only the very latest example of this administration trying to curb immigration. Heres what we have so far. In terms of proposals, weve got the travel ban, i. C. E. Raids, the end temporary status, end daca, family separation, National Emergency on the mexican border. Eliminate the diversity visa program, change to the refugee process. Thats just to list a few. A lot of critics look at sdmoez say they target a Certain Community and they say, no, this is about making it a more meritbased entrance into the united states. Well, its definitely tleer that the. This does target mexicans just by the mere statistics, right . A lot of these policies do that just by who is coming into this country at this time. Th they say it cant do that, but this is targeting people of europe. The president is campaigning in 2016, hes campaigning in 2020 and they feel the need to show that hes making good on his promises. When Ken Cuccinelli came to the white house to give a briefing on this, the first thing he said was, President Trump is making good on his promise. Thats clearly what the message is that they want to portray. Let me read this statistic to you, bazos, and lets keep in mindly that policy from the administration. Its. And as we heard Ken Cuccinelli come and the interesting. On avrnl, individuals in the first, maybe at the state and local levels, than our native born generations. However, women, children, the Second Generation are among the strongest economic and fiscal contributors in the population. Especially if weve bryn there , but as theyve demonstrated, the gains completely outweigh one generation. You were talking about the poem, and it would be unlikely that he would rewrite that people. Public charge has been language in the books since 1882, because there was an url, that i am gla. Its been tied to a certain amount of immigrants, but its never been used to this degree. Its a chance for the president to make it wider and wealthier. I think it is incredibly elitist and we talk about his racism and his White Supremacy, but there is an elitism that this president has that is completely contrary to the kind of voters that he targeted, these White Working Class voters during his election as part of his administration. So no, i dont buy that the immigrants that hes talking about targeting are a drain on this economy. They actually benefit the economy much more if we just allow them an opportunity to do so. Let me take it one step further, susan, and talk about emery wallaces poem on the statue of liberty. It seems this administration has very strong views about that particular poem. I want you to listen to Stephen Miller in his own words. Watch this. I dont want to get off into a whole thing about history here, but the statue of liberty is a symbol of liberty and lighting the world. Its a symbol of American Literature and lighting the world. The poem you added later was not part of the original statue of liberty. He should just stop going on air. They seem like they have a beef with the words of the statue of liberty, because theyre not shying away from it and Ken Cuccinelli doubled down on his interpretation of what that means, saying the wretched part of it. Skpl this antiimmigration sentiment theyre using. It takes legal immigrants to qualify for any benefit. At a 3. 7 unemployment rate. Migrant workers. Thats why the wall strewall s journal is so high. Donald trump is willing to do anything thats good for his campaign. I know this playbook. And thats dont let people take bhaets theres, uneducated, white rural voters. Its an us versus them strategy, this is a component and thats why its here. Can we talk about the bit businesses here that employ some of these undocumented workers . Or worker. He its the Business Owners that are reaping the money and abusing these folks, and hes not going after them. For people coming into this country legally, they cant come in to do the work. It will be interesting to see if the broader gop gets behind this. Of cour of course, we tackle legal immigrants in this country. Thank you all very much. A woman who claims she was raped by Jeffrey Epstein when she was a teenager is suing his longtime associate and staffers as we learn more about what happened inside a manhattan jail the day epstein died. Plus, in the wake of the shooting in el paso, beto orourke returns to the campaign trail. His hope to restart his message. The first idea has eroded american influence around the world. Eroded american influence around the world. So, i add protein, vitamins and minerals to my diet with boost®. Boost® high protein nutritional drink has 20 grams of protein, along with 26 essential vitamins and minerals your body needs. All with guaranteed great taste. And now try new boost® peaches and creme natural flavor. With 27 vitamins and minerals and 10 grams of protein. Boost®. Be up for life™. 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It appears china is mobilizing to react to those protests. An image showed Chinese Military vehicles at the border. President trump tweeted and said, everyone should be calm and safe. He offered a loophole for prodemocracy supporters, saying, quote, the inability of unwillingness of washington to help defuse the flash points is one of the clearest signs yet of the erosion of American Power and global influence under mr. Trump who has stuck to his America First idea of disengagement. Heres what President Trump said about hong kong. The hong kong situation is a very tough situation. Very tough. Well see what happens, but im sure it will work out. I hope it works out for everybody, including china, by the way. I hope it works out for everybody. Mr. Ambassador, he hopes it works out for everybody. Im curious about your thoughts. Should President Trump have done so mo so already and realistically, what should the president have done to abdicate this one or another . The president has just turned upside down the views of his predecessors, republican and democrat, and shows absolutely no sense that the u. S. President needs to be clearer on what is going on and what should come out of it. There is also no question that this is a difficult situation. Its probably unlikely the u. S. Can really be determinetive of how this turns out. Hes backed out on tariffs that are beginning to backlash on the u. S. These are real fighting words for the chinese and its not at all clear what the president is getting out of it. And moreover, where there have been areas of cooperation hes decided against them, whether its in north korea or Climate Change or elsewhere. Frankly, this is kind of part and parcel of whats gone on all over the world in the Trump Administration, a kind of cluelessness, a failure to analyze issues, a failure to be clear and strong, by the way, so im not at all surprised were in this situation, and ic think hes emboldened the chinese and emboldened others whether saudi arabia or elsewhere. It will be interesting to see if he says anything about other protests around the world, whether its kashmir or russia. Theyve been rallying behind the president in hong kong. He hasnt really taken on a stand on the specific protests one way or the other. Yeah, the president is really kind of on his own here within his own party. To some extent, even with his own administration as weve seen in some other cases on occasion, including, for instance, some of the tenor of the comments on russian policies. So, for instance, the state department put out a statement yesterday that was pretty clearly supportive of the protesters, maybe not going quite as far as some prominent members of congress, but inferring their right to freedom of demonstration and assembly without actually endorsing all their demands. At the same time, you have senior Republican Leaders like Mitch Mcconnell making clear that the u. S. Is with the protesters. Many democrats, including Democratic Candidates for president , including elizabeth warren. And then heres the president once again out on his own, really not seeming to care about this. You know, what was striking yesterday was his commentary was almost what you would get from a News Reporter saying, heres a tweet saying the chinese are massing troops near the border. Heres a tweet saying, you know, this could get ugly. But not and then telling reporters, well, i hope it all works out. I think it will work out. I hope it works out for everybody. This very wishywashy stuff, and he just doesnt care about human rights and democracy. We see this over and over again throughout the world. The president does not consider this a major american Foreign Policy priority and really seems to think that in general, it gets in the way of the trade and economics that he puts front and center. Ambassador, im curious to get your thoughts. I covered the arab spring where protesters were watching europe and washington very closely to see what came out in every twist and turn in the street demonstrations. We havent heard much speak out. Are they just not stirring up the hornets nest, or how do you read that . China has a global reach, and i think a lot of countries are worried about whats going on in china. From perhaps our perspective, it looks like xi jinping is in the saddle, everything is going fine, and i wouldnt want to exchange in boxes with him. Hes got a lot of serious problems. But frankly, i think with respect to this hong kong situation, a u. S. President needs to be clear about our feelings about this. Its not to say we can necessarily solve it, but i think the point is well taken, this president could care less about these issues. And to hear his commerce secretary echoing the line very much of what the government in beijing is saying, that its an internal matter and should be should interfere. A woman who alleges he sexually assaulted her almost two decades ago is now suing his estate and a british socialite. That as new details emerge about what took place the day he died. Plus well match your miles at the end of your first year. Youll match my miles . Yeah mile for mile and no blackout dates or annual fee. Nice i was thinking about taking a scuba diving trip i love that. Or maybe go surfing. Or not. Ok. Maybe somewhere else. Maybe a petting zoo. Cant go wrong. Cant get eaten. Earn miles. Well match em at the end of your first year. 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Before starting, tell your doctor about all planned medical or dental procedures and any kidney or liver problems. Be sure youre doing all you can to help protect yourself from a stroke. Ask your doctor if its time for xarelto®. To learn more about cost and how janssen can help, visit xarelto. Com. One of the accused sex trafficker victims has filed a civil lawsuit under the new childs victims act. Jennifer rose filed a case araoz sued Ghislaine Maxwell and three other european staffers. Araoz shared her story of alleged abuse with my msnbc colleague, savannah guthrie. Did Jeffrey Epstein rape you . He raped me. Forcefully raped me. Knew exactly what he was doing. And i dont think cared. What hurts even more so is that if i wasnt afraid to come forward sooner, then maybe he wouldnt have done it to other girls. Now, maxwell was never charged with criminal wrongdoing, and her legal team has yet to respond to todays civil lawsuit. Joining me now, former u. S. Attorney and law professor at the Michigan University of law school, barbara mcquade. Barbara, great to have you with us. Jennifer araoz opened up about her decision to file this lawsuit saying, i want my story to hold epstein to account and also his recruiters, the workers on his payroll who knew what he was doing and the prominent people around him who helped conceal and perpetuate his sextrafficking scheme. Their hideous actions victimized me and so many young girls like me. It was filed under the childs victim act, so not every one of his victims would be able to go this route, correct . Thats right, but this is a really important new statute. It went into effect just today, and what it does is it gives a break to plaintiffs from the statute of limitations that would ordinarily exist in a civil case, depending on the type of tort thats alleged, many times the statute of limitations is three years, and after that period of time youre barred from bringing a lawsuit. But what this statute does is for one year, 12 months starting from today, anyone who is a child, if they think they have these claims, can bring it during the next 12 months. After that, the new statute of limitations will be up to the age of 55 for the victim. In i think this is a really important lawsuit because it will bring attention to that new law, and i bet we see cases coming out of the woodwork, not just against Jeffrey Epstein, but other assailants. I think its really important that this lawsuit is there to wave the flag for others that might not be aware of it. Let me get your thoughts on this epstein plea agreement. This wasnt supposed to be against any coconspirators. Now that epstein is dead sdrks th does that agreement still stand . It still stands but it only bars the Federal District of florida. When berman and the Federal District this weekend said the Case Investigation will continue and noted it included a conspiracy charge, that includes people like ms. Maxwell. I would also think it could include people who were customers, so to speak, or people who participated in this, because the statute includes the word patronize. Its a crime for any of his friends that might have contributed to sex acts with these underage girls. Thank you, barbara, for your analysis. Nbc news can confirm that investigators can look into whether two guards tasked with looking after Jeffrey Epstein may have been sleeping while they were supposed to check on him. Surveillance video could prove the two Staff Members assigned to epsteins unit failed to conduct any checks for several hours. Joining me here on set, tom winter from our investigation unit. Tom, walk us through what were learning about the investigation in terms of where it stands at this moment. Between what weve learned and the reporting from my colleagues is there are some real serious questions here. Weve known all along that clearly steps were not followed, and those steps were you needed to check on epstein because of where he was being housed within 30 minutes every 30 minutes. Basically, you could check on him at one point, then ten minutes later, then the next time 29 minutes later, but it had to be inside a 30minute window. We knew that didnt happen. What we did know in some new information were learning was that it was hours in between checks for Jeffrey Epstein. On top of that, were also learning this new information about where the investigation is going, which is looking at whether or not these two guards that were responsible for checking his unit, the special housing unit, or shu, as its called, shushu, not only we they not doing the required checks, they may have been sleeping during this time period. This is where they really get in trouble. Two people had been placed on administrative leave on this unit, that they may have cooked the books, essentially, and not filled out the required paperwork or may have said they were doing the checks when, in fact, they were sleeping or not performing their duties. Do we know anything more about why he was taken off suicide watch in terms of that protocol and procedure . Thats a great question. Reporting from my colleague Pete Williams is something that is going to be looked at. After one of these type of events, they go back and do a reanalysis of that suicide watch and the decisions to take him off of that. I suspect that the information about that and the earlier incident, that we might be hearing about that shortly. Beto orourke has been running for president for five months now, and tomorrow will be his first major written address. What he plans to pitch voters after the gruesome gun violence that rocked his hometown of el paso, texas. , texas. s your ref. 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The Houston Chronicle says, beto, if youre listening, come home. Drop out of the race for president and come back to texas to run for senator. The chances of winning the race youre in now are vanishingly small. And texas needs you. Is beto orourke listening to the Houston Chronicle . What do we know about what his response might be and now with this statement coming out tomorrow, i guess first big written statement . Listening, yes. Following their advice, no. Orour orourkes campaign has been quite frustrated for the outside calls for him to exit this race saying, for a long time, its early. They believe hes the one person that can put the state of texas in play in a general election. They think he needs to continue to fight this out. Ive heard pointed out not from his camp but from others in texas, no one talks about julian castro, the other texan in this case who tends to put worse than orourke, hes not dropping out, either. They seem fairly centered on his president ial run, and this speech tomorrow will be a refocusing in light of the shooting in el paso. This got very personal for orourke very quickly. Hes been off the trail back in his hometown which has always been part of his stump speech, his political identity. Now he is reframing his candidacy essentially around what he sees as this urgent link between donald trump, his words and actual violence on the streets of his hometown. So expect to see a new urgency, a new focus on the president , a new focus, as you said, on the issues of racism and gun control, and potentially a way of getting those out. I think we can see less of orourke campaigning in additional ways and more of him trying to raise the stakes by where he goes and the message he chooses to deliver going forward. I think its a true reset of this campaign. Well see if it sticks. One of the things i was going to ask you, gargarrett, the momentum he had when he ran for senate made a lot of people think he could break through. When he announced his candidacy, he raised a lot of money, but since then, i believe candidate orourke is only made about 6. 8 million, less than the 19. 4 million he raised in the First Quarter of the year. Do you get a sense as to why, from his campaign, that enthusiasm as it translates into a dollar amount in polling has dropped a little bit . I think some of it was sort of a decision paralysis. So many people in the race, so many more candidates getting in even after orourke got in. Absolutely his best week was probably his first week in the race. He raised the most money. His poll numbers really took a spike. And then like so many other candidates, he got a ride at the toc top of the ferris wheel and his numbers dipped back down. He also was not shaken at all by that first debate performance. Hes run up until now a fairly lean operation, but now he has much more infrastructure, more staff, more of an operation. Theyve been able to make the money last, but hell need to see some kind of recovery. Running for president isnt cheap and it doesnt get cheaper the farther along you go. How widespread is the belief in texas that beto should consider a senate bid . Well, we saw that even before he jumped into the president ial race. He came off the senate race against ted cruz having done better than any democrats since 1994. He kept cruz under 51 . It was very tight. He generated huge crowds. He raised a record 80 million. There were a lot of democrats in texas and around the country who felt, well, if he just gaive ita shot against john cornyn in 2020, that would be his best shot taking a seat in texas. Beto was listening to the voices that said, you have all this momentum coming out of the senate race, so much notoriety around the country, so many donors in your database that you should give it a shot for president , and he stuck with that. There are still some democrats in texas who would like to see a stronger candidate than the ones who have put themselves forward, and, of course, people like mjhmjh mj hagar probably not too excited about beto trying to squeeze her out. Hes running for president for better or worse. I think the strong contrast with john cornyn may be one of his tasks, because the contrast with ted cruz is loveable, affable beto orourke. John cornyn is not that decisive kind of a figure. Todd gilman, thank you very much. Were hearing comments from the republican member of the house of representatives. Congressman steve king in iowa seeming to suggest to a group of conservatives today that the human population might not exist had it not been for rape and incest throughout history. Theres that video from the des moines register. Watch this. What if it was okay and what if we went back through all the family trees and just pulled those people out that were products of rape and incest. Would there be any population of the world left if we did that . Concerning all the wars and things that have taken place . I know i cant certify that im not a product of that. That was congressman kings defense for not allowing rape and incest that he tried to pass in congress. We reached out to congressman king for comment. We ever not heard back. If we do, well bring it to you this hour. People blasting kings comments. Some asking for him to resign. Others asking people to give money for his competitor. Heres kings controversial comments. Take a listen. It is extremely disturbing, and i would think anybody who said something that extreme would resign, but i doubt hes going to do it so well have to beat him the oldfashioned way. There is a terrific candidate in s hr j. D. Shultman. Scholten Congress Said what President Trump is doi is happening is unacceptable. When we come back, extreme Climate Change in the u. S. Climate change in the u. S. Lets get down to business. The business of family time. And downtime. And you time. And forgetting what time it is. Altogether. Modernized comfort inns and suites have been refreshed because when your business is making time, our business is you. Get the lowest price guaranteed on all Choice Hotels when you book direct at choicehotels. Com. But were also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. From the day youre born we never stop taking care of you. All right. So extreme Climate Change has already arrived in america. That is the warning from a Washington Post analysis of the worlds fastest warming hot spots. The post found that major areas in the united states, the regions you see here on your screen here in red are in fact warming up or have already reached an average temperature increase of 2 degrees celsius, which International Leaders deem the threshold to avoid a, quote, host of catastrophic changes. They were aiming not to reach that threshold for another 80 years. But we are already seeing those catastrophic changes right here at home. Joining me now one of the journalists behind this report Washington Post environment and Energy Reporter chris moony. Chris, great to have you with us and thanks for putting all this together. This is a startling report. And i know that your team found that 71 american counties have already hit the 2 degrees celsius mark. Their average temperatures have gone up 3. 6 degrees farenheit. You call them, quote, isolated 2degree celsius clusters from highaltitude deserts in oregon to stretches of the Rocky Mountains to the northeastern shore of lake michigan. Explain to us what you meant by why they are scattered and is it surprising that these places have already crossed that threshold . These are the fast parts of the united states. It is a little surprising to find so many. There are some common themes here all along the u. S. Northern border with canada basically from montana all the way over to maine, you see this really intense warming thats way above the u. S. And the global average. I mean, these are more northern places. They have a lot of snow in winter. The one thing Climate Change is doing is its changing winters and i think snow is melting out a lot more quickly. And maybe the bare ground is heating up faster. Thats something climate scientists have said they expect to happy. I know that you defrm determined that the northeast is warming especially fast. You outlined a little bit of that. How is it that the northeast can experience such brutal winters . Because you have the president and the president has repeatedly called for a dose of that good oldfashioned global warming. He is widely considered to be a climate denyer. So explain that for us. Its the old distinction between climate and weather. We looked at the data, and in the northeast winter is the fastest warming season december through february, the warming in many places is above well above 2 degrees celsius. Now that doesnt mean that you cant have a polar vortex come down and give you a really cold winter. These are trends, and theyre trends that we calculated over 120 years. But the data dont lie. So while there will be weather variability, winter is a fastwarming season and the whole season is warming at an accelerated rate across the northeast. I know you guys know that Climate Change plays out differently in different places. Rhode island where warmer water has depleted the lobster catch by 75 . Rising sea levels have caused beaches there to erode. And new jerseys lake where warmer water led to toxic bacteria. Even elsewhere in new jersey where you say pests no longer eradicated by cold winter are attacking people, crops and landscapes. Is that what our future is going to look like . The answer is yes, but its going to play out differently in different places. These hot spots that are at or very near 2 c, Rhode Islands at it, new jersey is going to be there soon if trends continue. They are a sign of the future we can already see now. They are ahead of the average, but the average is increasing. So other places are going to be like them unless the whole trajectory of the planet changes. And right now the policies on the table dont nearly add up to that. All right, chris mooney in washington, d. C. For us. Thank you very much. And coming up, is barack obama tired because hes been running through Donald Trumps mind all week . One more thing is next. Customizd my car insurance, so i only pay for what i need. And this is me now any physical changes to this mans appearance are purely coincidental. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Corey is living with metastatic Breast Cancer, which is Breast Cancer that has spread to other parts of her body. Shes also taking ibrance with an aromatase inhibitor, which is for postmenopausal women or for men with hr her2 metastatic Breast Cancer as the first hormonal based therapy. Ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. Patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. Before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. Common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. Corey calls it her new normal because a lot has changed, but a lot hasnt. Ask your doctor about ibrance. The 1 prescribed fdaapproved oral Combination Treatment for hr her2 mbc. Oral Combination Treatment [ gi ling ] let[ doorbell ]up. [ slap ] your nails xfinity home. Cameras. Xfinity home. Disarm the system. Doors open. Morning. Welcome to the neighborhood. Do you like my work . Secure your home with x1 voice control. And rest easy knowing you have professional monitoring backing you up. Awarded top pick by cnet. Demo at an xfinity store, call or go online today. Xfinity home. Simple. Easy. Awesome. All right. One more thing before we go. If President Trumps visit to pennsylvania this week proved anything, it is that he just cant seem to quit barack obama. I got sued on a thing called emoluments. They went back. Now nobody looked at obama getting 60 million for a book. Thats okay. Even though nobody in history ever got that much money for a book. Obama got 60 million. Think of it, 60 million for a book. Our country wasnt doing well with biden and obama, wasnt doing well. Remember, president obama, you need magic to bring back manufacturing job. You need a magic wand, remember . Okay. We like to fact check things around here. The president on the first one there, obama signed his book deal in 2017 after leaving office. Usually thats how it works and the emoluments clause applies to federal office holders, those in office which obama was no longer when he made that book deal in march of 2017 after leaving office. But more than two years into his own presidency, it appears trump still has obama on his mind. And a new petition might only fuel that fixation a little bit more. The petition calls for renaming the stretch of manhattans fifth avenue between 56th and 57th street president barack h. Obama avenue which happens to be in front of none other than trump tower and could effectively change the address of trump tao to 725 president president barack h. Obama avenue. It is a joke though. Im sure someone is going to upload that address into the map. That wraps things up for me this hour. My friend ali velshi picks things up right now. Its wednesday, august 14th. Recession warning markets plunge by some 600 points this morning by a key indicator known as the yield curve inverted. In a moment im going to tell you what that means and why it matters to you. But just a note, this is a powerful tool that has preceded every single recession in the last 60 years. The last time we saw an inverted yield curve was right before the last recession in late 2017. Lets take a look at the dow right now. Its down about 237 points. I always worry about how this ends through the course of the day. You see a steady deterioration, i want to see what happens in the last hour of trading because we are in the territory of having the worst day of the year on the dow. Take a look at the s p 500 and the nasdaq. The