Economy and eight Labor Department proposal to make salary workers eligible for overtime pay. Here is a look. President Obama Policies that cut education, help folks at the top, art expanding opportunity. Arent expanding opportunity. We need better policies. [applause] the bottom line is, topdown economics doesnt work. Middle class economics works. [cheers] president obama it works. [applause] president obama it works. And this is also a matter of values. Being an american is not about taking as much as you can from your neighbor before they take as much as they can from you. We are not just a bunch of individuals out here, on our own, we are a community, we are a family. We are all in this together. We all have to work hard. I was taking some photos hadwith ron and met a couple folks with diaairy farmers. Nobody works harder than farmers. They know hard work. [applause] farmers know about hard work. They wake up early. They go to bed late. They are worried all the time about making su
You. First thing is first, we always check the markets. On whates us guidance investors think. The Federal Reserve continuing to drive a rally in the dollar. Asian shares falling, u. S. Equities higher. The topix finishing at the highest since december 2015. Yen was lower. Tokyo shares jumped after the dow at 21,000. Little bitocks a unchanged after closing at the highest level in more than a year yesterday. The dollar extending some of these gains after brainard became the latest fed official to support the case for an Interest Rate hike. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Justice confirmed that attorney general Jeff Sessions had conversations with russias ambassador to the u. S. While he was a surrogate for Donald Trumps campaign. He said during his confirmation hearing that no contact occurred. Sessions said in a statement that he never met with russian officials to discuss the campaign. The news has prompted Top Democrats to call for him t
Well, i agree 100 , mr. President. Thank you very much and again, a tremendous honor to have you in the United States and at maralago. Thank you very much. That is the president. With the president of china. As kayla told you a few minutes ago, no translation in the room. We have had somebody who speaks mandarin listen to that tape and rough translation, but equates to Something Like this meeting has very important meeting for the relationship for china and america. The president was very welcoming. We talked in depth about a lot of issues and built a trust and friendship between china and america and we want to keep developing building that relationship. Probably considered the most bilateral of his tenure so r far. I cant imagine anything other that that could be the case especially give p the economic implications between these two. China, a huge country. I found President Trumps comments to be fascinating because he started with calling the chinese delegation, interesting to be wit
When he comes to the stage. Well take those comments live. Obviously, the markets are the big story this morning. It was shaping up to be a wild ride, but its a lot more muted. Weve got you covered on all fronts. Bob pisani, lets go to you. The only thing everybody was not expecting was a flat open, and thats what we got. Take a look at the s p. Remember, down 800 points at midnight, and we essentially opened on the flat side. The vix, i had people anticipating the vix would open at 50 this morning overnight at midnight. The vix instead opened slightly up and then down now at 16 and change. So, what happened was the sectors that would benefit, say from a trump infrastructure plan, that mining stocks, for example, steel stocks, some of the industrials like caterpillar and newport here. You combine them with companies that would benefit from reduced regulations, so you have obviously pharmaceutical stocks and biotech stocks, theyre all rallying. You combine that with other industries tha
And didnt worry me for the sake of the country. In 2008, i thought obama really lacked the reckless experience and knowledge to be president but i didnt worry about the country. People now, serious people who say that the possibility of donald trump in the whitehouse really really worries them about the country. Ive never heard that before, charlie. Rose and then bob costa of the washington post. Hes not really making an argument in a political way. This is an isolated candidate, a defiant candidate who operates hour by hour, really without the advice of his advisors. He has advisors like Paul Manafort but this is someone navigating the political terrain on his own. Its an unusual situation for his party which is tagging along but this one candidate, one person dominating and deciding moment by moment. Rose bill bratton, al hunt and bob rose funding for charlie rose has been provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Ca