what s worst than that, steve mnuchin the treasury secretary went on fox news and he was asked a question of well, what & this all about the president calling jay powell an enemy of the people, and mnuchin said, well, president xi isn t such a bad guy and he never mentioned powell at all. wow. so even the treasury secretary wasn t willing to come to the defense of the chairman of the fed as a man of integrity, trying to do the right thing. and in the views of every economist a superb chairman of the federal reserve. and so when i want to just jump in, steve, ask you quickly, trump has a lot of tools still in his economic kit. i m wondering if there are ways you think he could try to juice the economy as we head into the election year? there s been talk about a payroll tax cut. other things he could do that would try to flush more money into the economy. to help his re-election chances. what do you think of the
the debt itself by these same fiscally conservative republicans. so this is consistent. they have acquiesced, capitulated some key fundamental principles around the economy. around the issues like trade. around free markets. to the whims and we lls of a president who doesn t deal with the particular issues and the question going into the g7 was what and typically in the past, joe, as you know, has been what s the strategic interests that the president is going to put out on the world stage that supports where america wants to go economically, militarily, et cetera. as this conversation has already indicated we have already been all over the map. and so folks at home, rational people are trying to figure out what to do with this and how do you digest it. republicans are basically saying that s my boy. and that s where we are.
for us to the president s next trip next week to poland. so we have a press conference coming today, but the president has been very chatty already today. he s had three meetings that he took questions for quite a bit of time from reporters. so i m sure there will be more questions that we have at the press conference, but he ll be addressing that in a couple hours. then yes, he comes back to washington for a few days and he s right back to poland. there s going to be a world war ii commemoration there, a lot of international leaders are going to be there. and of course he was planning on tacking on his denmark trip but that got canceled. if i can look forward to one more thing. the next year g7 summit is in the u.s. the u.s. hosts it and he said today that he s looking at having it at his doral golf course in miami. he went on and on about what a great location that would be. and another thing to note as the host he would be able to invite
prospects of that? the reality is that he would need congressional approval for virtually all of his ideas. payroll tax, absolutely. he claims they can change the way that capital gains are formulated to make it more advantageous to those with capital gains. not how i would juice the economy but most would tell you he doesn t have the authority to do that. the spending bill was just passed and he can t spend willy-nilly. i think most economists would tell you that the fed increase of a quarter of a point or even 100 basis points over a period of time is not the game changer here. steve rattner, thank you very much and we re going to go live to france straight ahead after the president ordered companies to leave china. it s just one of a weekend full of mixed message from the
would follow the trade winds, it would follow the path of the hurricane right to the land you re trying to protect. secondly, there s a shock wave from it that doesn t that does the same thing and third, a few practicalities about how much energy would be required to disrupt an actual hurricane. yeah. unbelievable. what are you looking at this week, mike, at axios? what are the stories that you all are going to be following? for sure we re looking at how the president gets himself oft on the corner where he wanted to go big against china. wanted to go even harder against him. we re told that his mood against china last week was fu, and it wasn t just spelled out. then we saw as david was pointing out you saw what the reaction from the markets would be. so how the president gets himself out of this corner. business is very worried about