President trump and cbs news over the weekend. Pegged to his 100day anniversary in office. The president raising a number of important issues but particularly talking about north korea and trade. A comment that might indicate some shift in the president s thinking. Heres what he had to say. North korea is maybe more important than trade. Trade is very important. But massive warfare with millions potentially millions of people being killed, that as we would say trumps trade. Reporter other president s have viewed trade very much that way as sort of a poker chip in a larger geopolitical game. I had an opportunity to ask wilbur ross about that here at the white house last week. He said ultimately this white house looks at trade in a different way than other white houses have looked at it. That comment would suggest that the president is changing his mind and coming around to a more traditional way of thinking about trade. I know you guys just spoke to wilbur ross about that this morning a
Tell us about your district . It is one of the only majority asianamerican districts in america. Huge caucasian population, chineseamerican, indianamerican, latino, africanamerican, it is an ex extraordinary place to represent. Host how would you describe the relationship between silicone valley and washington . Guest it is an emerging relationship. There is a frustration in the valley with the type of bureaucracies in washington. The valley is where you are not afraid to dream big, take risks, fail and try again. Some people look at washington as risk averse and very cautious. So there is a cultural different. On the flip side, i think people have an obligation to the nation and people in the valley have a dose of what can they do for the country and the valley. Host how do you bridge that gap . Guest i think this election was a wake up call to a lot of folks saying there is extraordinary innovation and growth but there is a lot of places that have been left out of it. An economists a
Im wilfred frost. Good morning to you. Lets look at global stocks this morning. Starting with u. S. Equity futures. It really has been a tale of earnings especially on the dow. Yesterday pulled up by procter gamble, pulled lower by 3m. Dow futures under pressure to the tune of 62 points. S p 500 futures down about 8. Nasdaq down about 26. As for the tenyear yield, we are going into a heavy batch of Economic Data. 176 is the yield. Thats sort of in the mid point of the range that weve been seeing, 170 to 180 a few weeks ago. See if we can climb over that threshold. The betting odds are that december is a go. November not so much. Exactly right. Yesterday we did see in terms of quantity more beats in the Earnings Releases that we saw than misses. But there was some high profile misses on stocks that Consumer Confidence data also had, also oil prices slipping below 50. Apple after the bell a big weight. Thats a factor on futures. Lets look at european equities. Theyre in the red. Quite si
, fragile Financial Systems likely to get worse before they get better. We were hanging on the edge of panic. Fareed health care hysteria. Two wars. Mass shootings. A gunman opened fire fareed racial violence. If i had a son, he would look eyvon. R this guy is a racist. Fareed but barack obama made some big bets that paid off. Troops came home. Gays got married. Enemies were vanquished. Justice has been done. Fareed millions on health care. And sometimes tragedy gave birth to hope. When he sang Amazing Grace he channeled that as president and it was a profoundly important moment. Fareed but as a new era begins. Mr. Trump your moment of liberation is at hand. Fareed what will remain . That president smiled and said im a black guy named Barack Hussein obama and im president of the United States. Fareed what is the legacy of barack obama . Charlie he also wrote an essay dedicated to the power of populism called populism on the march why the west is in trouble. Im pleased to have you back
We will get their takes on all the news of the day in just a second. First lets begin with the deal of the day. That is maybe the deal of the year, really. Microsoft buying linkedin. Jon fortt joins us with more. Hey, jon. We spoke to Satya Nadella in the last hour. I asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. Heres what he had to say. These professionals are using office 365 on one side and linkedin on the other side. So thats one massive opportunity for us to increase engagement in both. Think about the other side of linkedin. It is about higher market sell and learn. Thats all business process. Thats a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, its about putting them together with the crown jewels of microsoft, that is office 365 and our cloud, and thats whats sort of