That expression. We have a lot of great people over there. Meanwhile at the capitol, attorney general barr appears on capitol hill for day two of testimony after revealing a redacted version of the Mueller Report will be released within a week with no plans to give congress the full version. And right at this moment ceos from the largest u. S. Banks will face lawmakers for the first time in a decade on what they had learned since the government bailed out their industry and can the highest earners in banking solve the economic disparity in america . Is it even their job . And connection lost,ing Youtu Youtube forced to disable comments on a hearing over hate speech on the internet. The reason, white nationalists and antisemitic comments were littering the feed. First, i have to by you new reporting we just got in from the wall street journal, it turns out prosecutors from the Southern District of new york have more evidence in the criminal hush money investigation than we previously realized. Theyve talked to even more people than we knew about. Lets go live to nbc news intelligence reporter ken dilanian. Ken, what is this all about . Stephanie, what seems to be new in this the wall street journal report is they nominate the hope hicks, former white house director and keith schiller, President Trumps bodyguard, in the ongoing probe of hush money payments to women, which is entirely separate from the mueller investigation. Involves cooperation by Michael Cohen, President Trumps longtime former lawyer who pleaded guilty and has been sentenced to prison. So i think what this underscores is why are we all focusing on the Mueller Report, what does the Mueller Report say, theres another significant investigation in new york thats still examining the whole question of these payments to women during the campaign, Michael Cohen already implicated the president in a crime in this case, basically saying the president , thencandidate donald trump then ordered Michael Cohen to essentially violate Campaign Finance law. Thats not deemed to have been by Congress Something that seems to ride to the level of an impeachable offense. But its deeply significant and this underscores this investigation remains very active and has talked to some significant players. But the people who are questioned, theyre not being questioned in terms of their wrongdoing, the new people . You know, thats never entirely clear but i think we can infer that, no, they were not directly involved in the payments. They seem to be witnesses. Its people ntin the Trump Organization that were involve in these payments and Parent Company of the nationnational enquirer and Michael Cohen and these were disguised as legal fees to Michael Cohen so theres an issue if they were fraudulently conveyed. There seems to be a lot of criminal liability here and the question is what charges, if any, will we see Going Forward . Thank you, ken. Now we have to turn to another split screen in trumps presidency. Pay attention to this. The president is departing the white house at any moment now for san antonio, texas. Hes looking to turn the page on the dhs story by signing two new executive orders and infrastructure in the epa in an attempt to speed up oil and gas projects. Meanwhile in less than one hour attorney general bill barr is heading back to capitol hil for the second time to testify this week. Today if will be in front of members of the Senate Appropriations committee grilling him. This comes, of course, after barr testified for 2 1 2 hours before members of the house Appropriations Committee. In his testimony he said the Mueller Report would be released in a week but redactions. Get yourself ready, it will be major redapgs. Adding congress will not get an unredacted version so theyre going to get what he gives them. Lets head to Peter Alexander at the white house and Geoff Bennett on capitol hill. Peter, lets start with you. The president is set to leave any moment. Hes denying cleaning house, but obviously he is. Hes declared the situation at the border a National Emergency over 50 days ago and the department that is focused on all of this, at least at the top, is now a complete mess. Yes, stephanie, youre right. The president said hes not cleaning house and his allies, republicans on capitol hill, say theres now a vacuum of void in leadership, latest departure taking place yesterday. We learned about it overnight. Claire grady was the acting deputy secretary of the department of Homeland Security. According to kirstjen nielsen, outgoing Homeland Security secretary, grady said she would be resigning, she offered her resignation. I spoke to kellyanne conway, the president s counsellor moments ago, she said she was not forced out, that this was simply a resignation on her own terms. But it follows the departure of kirstjen nielsen, ouster of tex head of dallas and the resignation of another than who have have been the head of i. C. E. , Customs Enforcement in this country. So grady leaves dhs without a senateconfirmed deputy in place as its secretary but it does clear the way for kevin mclean, who is set to take over today. Tell me whats going on today. You can hear behind me the president will be taking off to texas. He will sign a pair of executive offered. We will put up graphics to help walk you through the details. Specifically they will help in the White House Companies avoid unnecessary red tapes. They will make it easier for firms to build oil and gas pipelines. Hard irfor agencies to intervene, directing the epa to review the clean water act, roll back Energy Regulations and promote fossil fuel development, specifically on that item as relates to the pipelines. In the past it was up to the secretary of state to make the final decisions about the international pipelines. But per this executive order t. Would put that power directly in the hands of the president. Lets remind the audience, were already the Worlds Largest oil producer. Its not like its strangled at this moment and needs to be released. What should we expect from barr today . At the end of the day whether i like it or hate it, it sounded like he was saying yesterday, you get what you get, dont get upset. Im the boss. Yes, based on some republicans who sit on this panel and its important to point out republicans control the senate so they control this committee, they will try to keep these questions focused on the matter at hand which has to do with the dojs budget for the coming year. Lindsey graham, for instance, who sits on this Appropriations Committee said hes not going to ask any questions to the attorney general about the russia report. Hes waiting to see what happens after the redacted report is released and waiting for barr to come set before his committee, the committee he chairs, on may 1. That said democrats have made clear they found the attorney generals performance yesterday before the House Appropriations subcommittee, they found it entirely unsatisfying. They want the full report. They want all of the underlying evidence. The attorney general as you mentioned made it clear he will turn over the redacted report he says within a week. He points out the four areas of redactions. But theres a point you might hear republicans make today and that has to doing with something the attorney general said yesterday. Hes forming a team to form a counterintelligence probe looking into collusion between the russians and trump campaign. Hes looking into the allegations republican lawmakers have been making for years now, there was antitrump bias at the top echelons of the fbi and Justice Department that tainted those investigations. You will also probably hear a lot of talk about that salacious dossier. Although we heard jim comey, former fbi director and other fbi officials state on the report the counterintelligence had nothing to do with the dossier, it was launched in fact after george popolopodus, remember him . The trump Foreign Policy aide after a night of heavy drinking bragged to an Australian Aid that he had dirt on Hillary Clinton. We have to see how this all unfolds and push and pull with the attorney general when this gets under way at 9 30. I do remember him. I hear shes shopping a reality show that i can only hope and pray does not get picked up. Thank you. I want to bring my panel in, the New York Times and msnbc political contributor and look whos here, my dear friend Meghan Murphy, former editor of Bloomberg Business week. Brett, to you first, bill barr, im guessing were not going to get anything different today. Take me away from what should he do. What do you think he is going to do . Im talking about the Mueller Report and all of these redactions . Hes going to release a redacted report within a week. That will provide us a grand total of nothing . Look, assuming the claims for the redactions are genuine and i dont have a reason to disbelieve barr, its going were going to pretty much get what we already know is contained in the report. I think theres one of those four categories is were not going to share information that could be reputationally damaging to anyone whos not being indieted here. That means trump and his kids. Hang on a second. First of all, we dont know exactly youre right. We do not know exactly who it means and there are legitimate reasons for doing that. People who get caught up, whose names get caught up in an investigation, Something Like this. We all know your name pops up on a google search, you were part of some investigation, it could harm you. Those are legitimate reasons. I have to say from a purely political standpoint, the more democrats and critics of the president , and that includes me at least as a critic of the president , go on about the Mueller Report and kind of the Conspiracy Theory hes hiding something, theres more information, that there will be another crack in the wall, this is only feeding into a plausible republican narrative that this is the witchhunt that donald trump always alleged. It is not helping the democratic cause to try to turn bill barr into a bugaboo. Its not going to work. Hes not matt whitlock. Meghan, the day the Mueller Report came out you were the one out there going move on, Americans Care about health care, jobs and education. I dont want to hear about the Mueller Report. Do you still feel that way . Well, lets not take it out of context. I was very specific about what i said, i said let us draw a line about two years talking about an overarching conspiracy between the campaign and russia to manipulate the outcome of the election, i think that i agree with you that that aspect of the Mueller Report, that what people have been talking about, has not borne out so far from what weve seen. I would like to be very clear in saying information about possible obstruction, what the president did or did not know and what family members knew or members of the administration knew in terms of obstructing that probe, impeding that probe, let us see what the report is. That will be tremendous information politically and obviously just as a learned people of the public to understand that. In terms of moving forward, lets not bait and switch. Hes going to texas today. Look what we put up on that graphic about what hes doing with these executive orders. Lets be clear about what the administration is doing today. Great news for the oil and gas industry in terms of jobs and constructing pipelines. But explicitly taking control away from the states to regulate the construction of oil and gas lines and putting that power in the hands directly of the president. You want to talk about mueller, you want to talk about conspiracy theories and witchhunts, lets look at what theyre actually doing, rolling back Energy Regulations, promoting fossil fuel development. So much of this country over the past ten years in terms of reducing our impact on climate, reducing our impact on environment, guess what, this is what is actually going on. So yes, look at the Mueller Report, but im more concerned what hes doing, complete chaos in dhs, complete chaos in his cabinet and rollback of the most critical sectors. Meghan right to the except you want to go after the president , you attack him on policy, not necessarily Conspiracy Theory. Guess what, that means theyre plenty to go after. But to meghan point, play attention to the executive orders. You really think the oil and gas Industry Needs a rollback . Thats what he will try to give them. Thank you very much. We have so much more to cover. We have to talk about this, Election Results in israel could not be closer but Prime Minister netanyahu, he might have an edge. Well go live to tel aviv to the latest results and have bibis relationship with President Trump. And jared kushner, remember, he used to stay in jareds childhood bed in his parents house in livingston, new jersey. How all of that may have played a role in the outcome. And im laser beam focused on this, thanks to you, seven facing off with congress ten years after the taxpayers bailed him out during the financial crisis, what has changed and what hasnt . Ngs than Rheumatoid Arthritis or Psoriatic Arthritis. When considering another treatment, ask about xeljanz xr a oncedaily pill for adults with moderate to severe Rheumatoid Arthritis or active Psoriatic Arthritis for whom methotrexate did not work well enough. It can reduce pain, swelling, and significantly improve physical function. Xeljanz xr can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal infections and cancers, including lymphoma, have happened. As have tears in the stomach or intestines, serious allergic reactions, low blood cell counts, higher liver tests and cholesterol levels. Dont start xeljanz xr if you have an infection. Your doctor should perform blood tests before and while taking xeljanz xr, and monitor certain liver tests. 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We really pride ourselvesglass, on making it easy sign up online for free. To get your windshield fixed. With safelite, you can see exactly when well be there. Saving you time for what you love most. Kids whoa kids vo safelite repair, safelite replace all of you. How you live, what you love. Thats what inspired us to create americas most advanced internet. Internet that puts you in charge. That protects whats important. It handles everything, and reaches everywhere. This is beyond wifi, this is xfi. Simple. Easy. Awesome. Xfinity, the future of awesome. This morning Benjamin Netanyahu appears to be headed for his fourth consecutive and fifth overall term as israelis Prime Minister. After one of the most hotly contested elections that country has seen in decades. The race remains extremely close with challenger benny gantz glu and white party receiving more than a million votes, a Record Number for a brandnew party. Heres what interesting, netanyahu and gantz declared victory early this morning but a few hours later as more votes came in, gantz told supporters the odds may not seem in our favor. Lets go live to bill neely, whos live in tel aviv. Bill, explain this to me, at one point they both declared victory and thats not the case anymore. No. When i was at netanyahus Party Headquarters last night and for a while they were very down because they thought gantz might have it. But it does look like heres the thing, in terms of parties, its a dead tie. Its 35 seats to benny gantzs party, 35 to netanyahus. But its all about collisialiti building. When you take those figures into account, it looks like 65 for netanyahu and his allies and 55 for benny gantz. So it does lock Like Netanyahu will be able to put together a collision. Those talks with the president wont start until next week, but it does look Like Netanyahu he has done it again. The Big Questions now are, what will he do with it . Will he follow through, for example, on that promise to annex bart of the west bank . Can he stay out of jail, steph, because he faces three charges of corruption . And what price will his right wing allies exact to be in his coalition and possibly to keep him out of jail . What will they ask for . What happens about the west bank . What happens about other issues . So a lot of questions still unanswered, steph. Thank you, bill. Let that sink in, unanswered questions, will the newly elected netanyahu still face charge thats could end him up in jail . I want to bring back bret stephens. If you dont realize this, he was once the editor and chief of the jerusalem post. So this man knows the ins and outs of israeli politics. You said not long ago it was a time for change in israel. The question is like Richard Nixons victory in 72, followed by his resignation less than two years later. The charges netanyahu faces are very grave. One of the reasons why he campaigned so vigorously and really so demagogically is he wants to stay out of jail. His predecessor actually spent over at least close to a year in jail on corruption charges of his own. So the precedent is there. Heres the you dont think the steam comes out of could he go to jail . Think about all of the people who just voted for him. Israel is a country that is in fact governed by laws, has a very power attorney general. One of the Great Questions that israelis are going to confront is whether netanyahu will try to form a narrow right Wing Coalition that is going to pass laws that will try to immunize him from prosecutions and indictments and potential is going to jail. This is sort of seen as kind of the french style of politics, where the leader sort of stands above legal consequences, actually american style. Or is there another possibility, which is he joins forces with the new blue and white party led by challengering gantz . Remember, gantz served as his chief of staff, head of the israeli military. One of the leaders used to be netanyahus finance minister. The party he confronted was not a lefthand party. It was a central right party. So you can imagine them forming a broad coalition, particularly if theres a prospect of a peace deal coming from the trump administration. To that point how much of a boost was it for netanyahu, his strong relationship with President Trump . Oh, its huge. If people are wondering how is it netanyahu got reelected, this is his fifth election, the fact is hes benefited hes succeeded diplomatically, he succeeded on the security front and economically. The economy is booming like never before. Having trump as an ally, moving the u. S. Embassy to jerusalem, u. S. Recognition of israeli sovereignty on the golan heights. Last week the u. S. Deciding the irgc around the revolutionary guard corps is a foreign terrorist organization, all are huge wins. So theres no question a strong ally in the white house is a huge boost for bibi. We will leave it there and go from israel right back to the u. S. The next conversation you must stay here for, its my favorite. Mega banks, holding mega banks accountable. I know thats what Maxine Waters wants to do today. At the very moment the biggest banks in america are facing off with lawmakers on capitol hill. What did they learn ten years after taxpayers bailed out the industry during the financial crisis . Dustry during the financ crisis its debilitating. If i call out with a migraine, thats one less ambulance to serve a community. I just dont want to let these people down. Excedrin migraine. Relief that works as hard as you do. My moms pain from moderate to severe rwas intense. Thritis i wondered if she could do the stuff she does for us, which is kind of, a lot. And if that pain could mean something worse . Joint pain could mean joint damage. 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How dare you, hes my emotional support snake. But youre not mad, because you have e trade, whose tech helps you understand the risk and reward potential on an options trade its a paste. Its not liquid or a gel. And even explore whatif scenarios. Wheres gate 87 . Dont get mad. Get e trade and start trading today. Heres the dilemma, there is in the country a great deal of anger about the financial institutions, including those represented here. There has to be on the sense of the American People you understand their anger, their frustration and you really will cooperate and in fact are willing to make some sacrifices so we can get this whole thing working. The measure of strength for a company and a country is not necessarily the problems but how they deal with the problems, overcome them, identify them and move on. Im confident we will do this again and we will all emerge better because of it. We will always emerge better because of it. All is the important word there. What a difference a decade makes. That was then congressman barney frank going toe to toe with jamie dimon on capitol hill in an explosive hearing more than ten years ago. Remember this, at the time the country was still reeling from the financial crisis and congress hauled in eight of wall streets biggest bank ceos to explain how they spent billions of taxpayers money. Now seven are being called back before the House Financial Services committee. While the market is doing extremely well, the country is enduring a financial crisis of a different kind. The growing economic disparity between the folks at the very top and everyone else. I want to bring in my panel, bill cohen, the author of why wall street matters a book that defends wall street and big banks. Hes worked for j. P. Morgan. My friend Scott Galloway from the nyu school of business and founder a Business Intelligence firm. Bret stephens and Meghan Murphy back with you. Bret, i want to start with you. Heres what i see, Maxine Waters no doubt will go after the ceo end zone today. B but we take the last ten years, what did they do . They made huge mistakes. I will concede all of the people they took advantage of during the subprime crisis. The problem is they didnt actually break a law, so they didnt go to jail because they didnt break a law. The t. A. R. P. Money, they paid it all back. Shareholders have done well and their lending practices are tighter. So jamie dimon will walk in and say, listen, regulations were good. Everything was positive. Everything is going well. But the problem is for half the country, its not. For all of the people who suffered during the financial crisis, their Credit Scores are destroyed. Almost half of the black people in the united states, 44 , their Credit Scores are below 620. Theyre locked out of the Banking System. If you see of the americans who dont have 400 for emergency, theyre screwed. But is it these bank ceos responsibility to fix it . Thats what were going to hear today. Stephanie, theres a lot of impact in what just said. And an important question. First of all, i have to tell the viewers i wrote three books that were highly critical of wall street. One book that was trying to defend the basic things wall street does that we often forget. What has thanked in ten years . Youre right. They took t. A. R. P. Money and paid it back with interest and more. Remember, the government got more gofvernment made money on al of that. The Banking System is obviously much safer than it was ten years ago but there are still fundamental flaws in our Banking System that no one has ever addressed. Nobody wanted to address because theyre too fundamental to the way banks work. One is, of course, the way they finance themselves on a daily basis, how they fund themselves. Banks are in the business, we have a fractional Banking System of borrowing short and lending long. And theres nothing anybodys going to do about that save for forgetting the fractional Banking System, which isnt going to happen. So in other words, theres always going to be some risk in the Banking System if everybody freaks out at the same time and wants their money back and its not there. Secondly and more importantly in my view is it it can affect peoples behavior and that is the compensation system on wall street. You look at me like you knew i was going to say it. That has not changed in ten years and still rewards people on wall street for taking big risks with other peoples money. That has not changed. Until that changes, you will not it change peoples behavior. People are simple and do what theyre rewarded to do and theyre still rewarded on wall street to take big risk with other peoples money. Were asking for i can go into why the debt markets are risky now. Ive written about that for the New York Times and other places. There are a lot of risks in this market in addition to the unfairness that you talked about and incoming equality and people not having 400 in their savings account to get the money they need in an emergency. Scott, jamie dimon can talk all day long about their philanthropy and money theyre spending on workforce development, and that matters. But at the same time theyre making 2 billion last year in Overdraft Fees. Who do you think that hurts . Small Business Owners who have accounts with j. P. Morgan. Technically, legally, hes allowed to do that. How does congress go after those ceos when theyre actually adhearing to the law . Change the law if you dont like what theyre doing. I think to bills point, the risk is unhealthy because as soon as a venturebacked company is taking a risk with other peoples capital, it hurts the economy. If i go out of business because i take extraordinary risk, i dont get bailed out, i dont come back. So it changes the level of risk im willing to take. At the end of the day, if jamie dimon called Jerome Powell at home tonight and said, boss, i have some weird news. We had an anomaly 100year thing happen, rogue trader, throw out the big words, they get thrown out. The professor of columbia law wrote a great book on this, the Banking Industry not robust. Mcdonald takes a stupid risk and goes out of business, were going to chipotle and still eating. Were fine. If j. P. Morgan goes out of business, it can take the global economy. So the risk taking rewarded, we need regulations and to let people fail and we need to break these guys up. Meanwhile, were in a deregulation phase and regulation for these seven ceo end zos has been fine. They have regulatory capture. If you hit jamon dimon with more regulation and compliance, he can ship in another thousand compliance officers and not sweat it. Small and midsize banks got choked out. These guys can say were more responsible, cleaner, better, because we followed the rules. But did the government put together a bunch of crappy rules . As you know i was the banking correspondent during the crisis. Oh, the irony, i had the chance to read the seven white banking ceos they cannot change the fact theyre seven white guys in those jobs. I know theyre hoping they will talk more about that, but how little has changed. The irony reading last night all seven ceos saying how thankful they were for don frank and how thankful they were for the opportunity to be regulated by the government, how thankful they were about things that tried to prevent them from taking excessive risks with other peoples money. But the most important point is the Banking System has a systemic flaw, which is this, they remain too big to fail. Ten years after the crisis, youre exactly right, if one of the big banks reported an extraordinary risk and guess what, this hearing today will be a lot about the last crisis. What i focus on is what is the next crisis and that is always what is unpredictable, whether it be ail go rhythmic or trading or auto lending or real estate, where we see most crisis. Will this hearing be focused on what is the next Systemic Risk and will we not put the American People in the position of bailing out banks that were not really supported by the government, propped up by the government, billed out by the government but over the last ten years have made a fortune for artificially low Interest Rates and quantitative easing. You want to know what contributes to income inequality, it is that. One in four americans under banked. Were relying on excessive rates, payday lenders, living paycheck to paycheck to a system that still does not support them. Ask them those questions, not what happened ten years ago. But they tighten up lending stache ards to improve balance sheets, more people got knocked out of the system and forced to go to payday lenders. Bret stephens, when you look at the whole picture and see the broken economy, the fact jamie dimon is now using Elizabeth Warren talking points, talking about all of the americans who dont have 400 if theres an unexpected emergency, shows how broken the system is. It also shows don frank was a very problematic bill that entrenched a kind of oligopoly of bank thats profited, because as you pointed out, theres another for dimon to handle another thousand compliance officers but if youre a community, youre finished. We now have a system of seven or eight large banks. They have no competition to speak of. No one thinks, hey, im going to start a bank. People look elsewhere. The next time we have a big reform, people have to be mindful of the fact that as you increase as you improve those lending standards, you dont want to create a market where you can only have three, four major players. But isnt short termism the real issue here . Financial engineering . Lets say bill cohen is the ceo of a major company, and im a big investor in that company. And im a big investor in that company. And a bomb hits this building. I can just sell my stock that day. Maybe it goes down by 20 but im out of the position. He runs that company with 50,000 employees and he still has to deal with it. For the financial industry, the fact that it is so loosely regulated, the fact activists and investors can come in, shake up a company and when they shake it up and optimize it, we know people lose their jobs and theyre not held to any standards, is that not one of the main issues here . Yeah, but we keep hoping the better angels of a ceo are going to show up. And at the end of the day people will i served on a bunch of Public Company boards and on the com committee, people will largely their behavior will be driven by compensation. When 98 of Senior Executive compensation is based on the option value of their equity, theyre going to focus on the stock price morning, noon and night. Because thats what their job is. Unless we change that move to capitalism theyre doing their job. The people who are not doing their job quite frankly is us. We need to elect officials who recognize the incentives are out of whack and we need referees on the field to realize these guys are too big. To realize if you in fact make 100 million in equity value by putting in place risks that somebody else down the road has to pay back, we can claw back. I say hate the game, not the players. I agree with you 100 . Bill, one of the problems is if you run a publicly traded company, if you want your stock to go up, you have to grow. So youre seeing acquisition after acquisition after acquisition. What does that mean . Hospital maization a optima decision and people looking their jobs. Do we have to revisit that . When Maxine Waters go after ceos you and i know trading people across the board will say we didnt vote for trump last time but maybe we should this time because our choice will be capitalism or socialism. Why does it have to be one or the other . Why not lets revisit capitalism and improve it . Youre absolutely right and that was the point why walt matters, fix capitalism where its not working on the margins and fix wall street where its not working on the margin. Like carried interest with both parties. There was a huge tax cut and nobody got rid of carried interest. What other business on the face of the earth gets raw material for free . The fed has kept the rates low for ten years and now President Trump is jobowning the fed and trying to stack the fed with people who are going to try to keep rates even lower. That works great for the jamie dimons of the world and banks of the world but it doesnt work great for people who are going to suffer with all of this mispricing of risk that goes on in the market. Speaking of the perversion of that, quantitative easing, qe came when we needed financial bankers to come in lets lower things so people can lend, people can borrow and it wont cost that much. Now President Trump says the economy is stronger than ever, and by the way, lets cut rates. He might actually be successful in bullying the fed to not raise rates and wall streets going to go, that was the wrong thing to do, ha, ha, but well take it. The little guy will get screwed again. Laughing all the way to the bank. We should point out jamie dimon taking home 31 million in his 2018, highest hes had, record profits. Lets be clear about this, lets not make this false dichotomy between capitalism and socialism. Lets not posit that to the viewers or anybody out there. Those are not our choices. Our choices are having a more responsible Banking System that serves the benefit not of the 1 , not of the. 1 , which it does to such an extent now with so much financial megsishing th goes on but the Banking System that serves the vast majority of the american population. That means an increased, bulkedup bureau that tackles the lending, tackles and not segregate low income communities and do not give them the access of capital they need to get into the Banking System. Do you know the perversion truly is people who are underbanked paying excessive fees and excessive rates to do normal, everyday things. To get a car to take their kids to school, to take care of their parents. I dont have money Wire Transfer fees. Dont confuse capitalism and socialism. Lets put the choice between better capitalism, fairer capitalism and thats what benefits the american public. And higher Interest Rates that helped savers at the benefit of speculators. Absolutely. Last point, scott . Love this. The question i have lets go. It all makes sense. To your point, we cant mistake cronyism and clep tok rasy for capitalism. Capitalism involves democracy and referees on the field. Unfortunately when you prevert capitalism the we its been perverted the last few years, we have a rise to nationalism and fascism. What i call pg13 socialism, which i think is also a bad idea, capitalism works but we need referees on the field. Then you have the billionaires like dimon trying to lead the charge in the public sphere talking about how they can reform capitalism and charge higher taxes et cetera, et cetera, making them look like the good guys when theyre frankly part of the problem. They can say were not going to charge Overdraft Fees anyway. Jamie dimon can say, you know what, when you deposit your money in my bank, maybe i will give you a little more and charge you a little less for your credit card. Thank you. Really, really important conversation. Coming up combat online, a congressional hearing on the spread ever White Nationalism on social media quickly devolved to a youtube demonstration of the problem. A youtube live it to be taken down, think about this, after being blasted for onslaught of racism. Racism Little Things can be a big deal. Thats why theres otezla. Otezla is not a cream. Its a pill that treats plaque psoriasis differently. With otezla, 75 clearer skin is achievable. Dont use if youre allergic to otezla. It may cause severe diarrhea, nausea, or vomiting. Otezla is associated with an increased risk of depression. Tell your doctor if you have a history of depression or suicidal thoughts or if these feelings develop. Some people taking otezla reported weight loss. Your doctor should monitor your weight and may stop treatment. Upper respiratory tract infection and headache may occur. Tell your doctor about your medicines, and if youre pregnant or planning to be. Ready to treat differently with a pill . Otezla. 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Turn on do not disturb while driving mode. Brought to you by geico. Pay attention to this. Today executives from facebook, twitter and google are on the hill for a hear bing before the Senate Judiciary committee. They will be asked about censorship, more specifically if their platforms are unfairly censoring kovtive speech. This marks backtoback hearings of facebook and google to the tech giants and the role theyre playing in the spread of White Nationalism. As they explain the steps theyre taking to curb hate speech on their platforms, at that very moment a livestream was on youtube, owned by google, and flooded with hate comments, perhaps illustrating the massive challenges these companies face. Scott galloway is still with me. Yeah, theyre massive challenges because the companies are not shutting it down. You faced the same massive challenges and managed to figure it out with, what, 1 of the cash flow . Itses its a crazy notion that these companies would have any editorial content screening. And already theyre editors. The algorithms will push certain content in front of you. Unfortunately theyre not malicious but not benign. They figured out in engagement results in more clicks in nissan ads. And nothing creates engagement like enragement. So the regulatory algorithm is the content that will get the most controversy. So antivax content gets put way above in the feed as opposed to same sciencebased results on how vaccinations are a good thing. Be clear, theyre editing, theyre just editing in the absolute worst way possible. We have to switch. Somebody i know who loves social media, President Trump, is now speaking. Were very proud of the economy. Job numbers are as good as weve ever had and more people are working right now than ever worked in our country before. Were doing really well. Id like to congratulate bibi netanyahu. It looks like that race has been won by him. It may be a little early but im hearing hes won it and won it in good fashion. So hes been a great ally, and hes a friend. I would like to congratulate him. That was a well thought out race, i can tell you. But it looks like bibi has won that race. Go ahead. Say it . So the fact that bibi won i think we will see some pretty good action in terms of peace. Look, everyone said that i never made it a promise, but everybody said you cant have peace in the middle east with israel and the palestinians. I think we have a chance. I think we have now a better chance with bibi having won. Yes, thank you . Major. Major. [ inaudible question ] there is no law. As you know, i got elected last time with the same issue, and while im under audit, i wont do it. If im not under audit, would i do it. I have no it. I have no problem with it. While im under audit, i will not give my taxes. Now, i will say this, i would love to give them, but im not going to do it while im under audit. Its very simple. Remember, i got elected last time. The same exact issue with the same intensity, which wasnt very much because, frankly, the people dont care. What i have done is approximately a 104page summary and really in great detail of assets and valus and nobody wants to go over that because its so good. I built a great company. One of the best company. I have some of the greatest assets in the world. I did a good job and now, frankly, i dont care about them. I only care about the united states. But i have no obligation to do that while im under audit and no lawyer would tell you to release your tax returns while youre under audit. I think that the whole asylum rules, laws and regulations have been taken advantage of by people that are very bad people in many cases. These are the people running the cartels. Theyre gaming the system. They have been for years. The only difference is our economy is now so strong that more people come up. We have done a great job at the border with bad laws. Its very important that the democrats in Congress Change these loopholes. If they dont change them, were just going to be fighting. Now, the other thing, we built a lot of wall. A lot of wall and when we rip down an old wall and then replace it, its called a new wall. Thats what weve done. A lot of wall is going up. And every place we build a wall its less and less. But the power of the economy is like a magnet. Its bringing more people than weve seen in a long time. Major. Well, the Mueller Report is interesting. After 35 million with 13 increased to 18 angry democrats, people that truly hated donald trump, truly hated trump, they found no collusion whatsoever with russia. But i could have told you that and so could most people. And so could have everybody that voted for me, which was a lot of people. So, after wasting all of this money and all of this time with people that were haters. People that worked on the Hillary Clinton foundation, people that were absolutely haters of trump, they found no collusion. What has been found during this period of time are the illegal acts of getting this whole phony relation started. And hopefully that is where people are going now. Thats where people are going and its very interesting. It was an illegal investigation. It was an illegal investigation. It was started illegally. Everything about it was crooked. Every single thing about it. There were dirty cops. These were bad people. You look at mccabe and comey and you look at lisa and peter struck. These were bad people. And this was an attempted coup. This was an attempted take down of a president. And we beat them. We beat them. So, the Mueller Report when they talk about obstruction, we fight back. And you know why we fight back . Because i knew how illegal this whole thing was. It was a scam. And what im most interested in, excuse me, what im most interested in is Getting Started hopefully the attorney general, he mentioned it yesterday. He is doing a great job Getting Started on going back to the origins of exactly where this all started because this was an illegal witchhunt. And everybody knew it. And they knew it, too. And they got caught. And what they did was treason. What they did was terrible. What they did was against our constitution and everything we stand for. So, hopefully, that will happen. There is a hunger for that to happen in this country like i have never seen before. Including all of the millions of people that voted for me. What they did is disgreaceful. There has never been anything like it in the history of our country. Well, i like herman cain and herman will make that determination. Herman is a wonderful man. Hes been the supporter of mine for a long time. He actually ran a very good campaign. And thats up to herman. Herman is, you know, hes already sat on one of the fed boards and hes just somebody i like a lot. As to how hes doing in the process, that i dont know. You go through a process. But herman is a xwrat guy and i hope he does well. Have you ever thought about dhs secretary . Steven is an excellent guy. Hes a wonderful person. People dont know him. Hes been with me from the beginning. Hes a brilliant man and, frankly, theres only one person who is running it. You know who that is . Its me. Have you seen the Mueller Report . I have not seen the Mueller Report. I have not read the Mueller Report. I won. No collusion. No obstruction. I won. Everybody knows i won. And it was illegally started. The whole thing was illegal. I have not read the Mueller Report. I havent seen the Mueller Report. As far as im concerned, i dont care about the Mueller Report. Ive been totally exonerated. No collusion, no obstruction and im off to dealing with china. Often dealing with venezuela and all the problems in this world. Im not worrying about something that never ever should have taken place. I did not see what happened. I did not see what happened. Excuse me. I did not see what happened candace. Well, i think thats a terrible thing. I think its a terrible thing that he would do that. I find her to be a very, i know her. I think shes a fine person, a fine young woman. And i think thats disgraceful that they could say that. I dont hear you. Wall street journal is reporting that the Southern District has spoken to keep i have no idea. I respect him. I like him. Its somebody that i have a lot of regard for. Are you concerned about that investigation . My finances are very clean. I dont think there is an investigation. If you say it, i dont know. But i dont think there is an investigation. My finances are very clean. Secretary permanently . It could happen. Well make a determination. Are you looking at others we have others, but right hes the man and doing a great job. Kevin. Okay. Thank you, see you in texas. So, there you have it. The president still pushing back hard about releasing his taxes. Calling Steven Miller a, quote, excellent guy, wonderful person but insisting he, the president , is the only one in charge of immigration. Remember, he is the i alone and saying he has not seen the Mueller Report, but he doesnt care about it. Insisting he has been fully exonerated and let me remind you, bill barr did not say the president was fully exonerated yesterday even though he was asked multiple times. That wraps us up this hour. Im Stephanie Ruhle i will see you again at 1 00 p. M. With my friend ali velshi. The seven bank ceos sitting down talking about life ten years after the financial crisis. Right now i hand you off to chris jansing. Thank you. Yet another slow morning here on msnbc. We are starting with that breaking news. The president heading to texas right now, but talking an awful lot on his way out the door. He did address the mess at dhs, robert mueller, his tax returns. While two of his top advisors, by the way, are reportedly on a collision course. We have new reporting on escalating tensions inside the white house. And right now on capitol hill, the attorney general is back. William barr right now arriving to talk to a senate committee. Can democrats get him to answer more questions about the Mueller Report than he answered for the house yesterday . Our team is covering it all from all across the country and around the world. But i want to get right to Kristen Welker at the white house. President trump we saw just spoke to reporters on his way to texas this morning. Wow, he covered a lot of things. Give me your headlines, kristen. You were out there p. Obvio obviously, the issue front and center is the issue of immigration with the overhaul at dhs. Of course, today the first day of the new acting dhs secretary and ive been talking to Senior Administration officials who said the reasons for these changes is because they want to implement tough new policies at dhs. One of the policies theyre eyeing would create a choice for Asylum Seekers coming here. They would have the option to