his own way, often doing that without clearing it with anyone. larry custody low, who has a long history of being a market watcher and typically would have been concerned about this, is saying because the specific numbers were not passed out, the president did not violate that long standing directive, which again is intended to keep the politics of the moment away from some of the traditional workings of the government. nbc s kellio done on yet another incredibly busy day at the white house. i want to talk about this with jason fuhrman, he is a professor now of the practice of economic policy at harvard kennedy school. good to see you again, jason. you heard what larry custody low had to say. there was a tweet by one of your predecessors, us a ingoalsby he wrote. if the president just tipped that the numbers are good he broke the law. who is right here? i m not a lawyer. i can tell you, it is wildly
the u.s. helped elect the leftist in mexico. we lost about 251 points here. the market started cascading as soon as this was official. that the administration wasn t going to go past this extension and deadline. you saw the response here. we should stress for steel makers in this country, they were doing fine. they were one of the few sectors as a group that was up smartly today. market watcher, heather, is here with us what do you think? the markets could have been down more than they are. this was a shock to canada and mexico and the european union. it s no shock that these tariffs are imposed overall as they were announced march 8. industrials were getting slammed today. boeing and caterpillar, two big players in that space.
new york today. deidra bolton on this. market watcher, katherine rooney. katherine, as the president was speaking about the success of this to a florida crowd that was for businesses and individuals, the packs cuts have been a boon, he s strategizing that this is not only a winner on wall street where stocks were up over 300 points but on main street where it will be a winning issue for republicans in the mid-terms. what do you think of that? i think the president has to stay focused like a laser beam on tax reform. the republicans really don t have that many notable successes. we saw the aca repeal failure. tax reform is a winning topic. he needs to stay on message and stick with the winners. one thing i will highlight, what we re not talking about here, how to pay for it.
there s a lot of uncertainty. fair to say. as a market watcher most of my adult life, markets don t like uncertainty. there s a lot of it out there which causes the big swings and big volatility in the markets today. and today we re seeing it go up and it s gone up a lot since president trump came to office. this is not something that he woke up one day and decided to increase tariffs. go back a decade. donald trump then just a businessman that is making observations to the trade deficits that exist and are in place in the world this isn t just president trump. it s not just candidate trump, right, kennedy? this was donald trump the business man that vowed that we will get tougher on china when the time is right. here he is following through on that promise. yeah. some of his political views are very fluid. this is quite static. it is part of his basic world
markets. we now bring in the president and founder of the eur asia group. the white house put out a statement saying not to be worried that the fundamentals of the economy are strong. is that true world wide? yeah, it is. imf upgraded significantly their expectations for global economic growth. the head of the imf who is no huge fan of trump said the tax bill is part of the reason to be upbeat about the global economy. we have china growing strongly and stable. we have things picking up. europe 2.5% growth last year. best since the 2008 financial crisis. united states looks robust. dana: it shows that the market works, right? if it s getting too hot, people sell off and everything just sort of settles in. i m not a market watcher. lot of people do that professionally. i don t know many people that are super concerned that we are seeing a recession because of yesterday. dana: i wanted to ask you about the olympics.