stocks had their worst day of the year. today stocks rose following trump s announcement that he is delaying some tariffs, but not enough to recover from yesterday s steep drop. trump s trade war with china has been stoking uncertainty. just last month, the fed was forced to cut rates in part because of the global drag created by trump s trade war. and now politico reports economists at goldman sachs, morgan stanley, and bank of america all warn that trump s bitter trade war with china is taking a bigger bite out of economic growth than expected. here with me now someone who understands economics and trade policy from the inside out, jared burnstein, former economist to then vice president joe biden, a senior fellow at the project. good to see you. thank you. donald trump has been saying china has been paying those tariffs. mechanically speaking, that s not how it works. a tariff is paid for by somebody who imports a good to sell it in
the base of the statue of liberty. today he went on national public radio and was clearly more prepared not to defend the policy, but to change the poem. would you also agree that emma lazarus words edged on the statue of liberty, give me your tired, your poor are also part of the american ethos? they certainly are. give me your tired and your poor who can stand on their own two feet and who will not become a public charge. that plaque was put on the statue of liberty at almost the same time as the first public charge law was passed. very interesting timing. we re not sure who wrote that version of the poem for ken cuccinelli, it sure seems stephen miller s version is making its way around the white house. and the stephen miller version is sure making its way into american policy. ancestrydna can reveal where in the world you re from.
place with someone who can be fair, mutual and objective. in the meantime he should appear under oath and answer questions. this meeting that happened there six or seven people involved. we need to know everybody s name so congress can do a transcribed interview and i agree, rod rosenstein should recuse himself. they re investigating what happened with the pfizer abuse. he signed his name on it. how can he oversee it? this he said it as a joke. is not a joke, but look were not surprised. we know it s going on there trying to harm an assault this president from the inside out. i don t think he should take a strong stance here only because luke was happening. people eyes are being awoken. we ve all set it from the beginning. in many ways it helps more than
place with someone who can be fair, mutual and objective. in the meantime he should appear under oath and answer questions. this meeting that happened there six or seven people involved. we need to know everybody s name so congress can do a transcribed interview and i agree, rod rosenstein should recuse himself. they re investigating what happened with the pfizer abuse. he signed his name on it. how can he oversee it? this he said it as a joke. is not a joke, but look were not surprised. we know it s going on there trying to harm an assault this president from the inside out. i don t think he should take a strong stance here only because luke was happening. people eyes are being awoken. we ve all set it from the
that. jo ling kent joins me live now. what is facebook doing to stop the hemorrhaging? i chased mark zuckerberg down the halls of congress this year and i said are you putting profits over people? now he is starting to put people over profits. they are basically spending more money as user growth, the rate of people logging on to facebook, is slowing down. so they are spending more money, adding 20,000 people to work on their security team. they are also going to be driving some more business towards instagram and whatsapp. two companies that facebook owns. mark zuckerberg is really trying to redesign this company from the inside-out. as you know, facebook stock has been a very reliable cash cow for the past, gosh, almost decade now. so what we re starting to see is facebook crack on the outside. it s a combination of scandals and it s a combination of what s coming ahead in that slowing down on social media. you see that happening at twitter as well.