about that. i think that emboldened the chinese to act more in favor of the north koreans. patrick conan, let s talk a little bit about, especially considering your very timely book, the treating of nuclear threats and no. s reporting that the white house is saying that that s ultimately the reason behind the action that the president took, that it was less about them calling pence a political dummy and more about this kind of nuclear to nuclear threat. this kind of rhetoric we it s it s been a while since this was the way that this was framed, if ever. we have seen in the first four months of this year, an amazing charm offensive from kim jong-un that culminated in the april 27th summit with moon jae-in at pan moon john. i was in seoul at the time. in kreeia they think the world changed that day. in the month of may this year we have seen a reversion the to the old north korea that we have known in the past.
administration is looking for. i just want to also say gary mentioned unemployment is at an all-time low. unemployment was at a low during 2016 at the end of the obama administration. people had jobs, people were making money, so that has gotten better but it was good then. neil: yeah, it s a fine point but gary, then lay out the markets role in this. the market has been gyrating more, more volatile trading and swings of 1% or more are already double what they were last year. how is that playing into all of this? well, i think it s okay right now. i mean, we seen a more or less a little bit of a sell-off the last few weeks but i think it s more reversion to the mean. you ve got to remember, we are up sharp, up dramatically since trump took office, based a lot on what i feel was justifiable optimism. i think you re seeing some of those stocks come back now down to reasonable levels, the facebook, the amazon those fang stocks but the underpinnings are
72 there was an american base. anthony: there was. james: but then in 72, in the reversion, the base was taken away. anthony: now, nothing? james: only the japanese self-defense forces now. anthony: what do people do here? agriculture? james: growing sugar cane. anthony: i saw. james: tourism. fishing. anthony: fishing. have there been attempts to develop here? and, uh, have the locals been able to resist that impulse? james: he s saying on kumejima they have rich lives. they have everything they need. they have produce from the land, from the sea. they don t need much else. anthony: i ve been invited to a beach barbecue kumejima-style. go big or go home. to eat some fresh caught tuna that comes straight from the market to be butchered into sashimi.
very little notice that he was going to make these decisions. and i think this was reflective of his decision to push back on particularly john kelly who has been trying to manage the information flow to the president. we ll talk about some of the principles in a moment but let me ask you about the new phase. you describe his eagerness to get to that new phase. how would he like to see it change? i think he would like to see basically a reversion to the old campaign world that he had such fond memories of from the 2016 campaign. he likes the free wheeling style. he likes, you know, sort of this improvisational style and he is talking people and giving the rally. this is where donald trump is comfortable. where he is not comfortable is where he is confined and constricted and that was what general kel john kelly had instilled.
james: well, up until 72 there was an american base. anthony: there was. james: but then in 72, in the reversion, the base was taken away. anthony: now, nothing? james: only the japanese self-defense forces now. anthony: what do people do here? agriculture? james: growing sugar cane. anthony: i saw. james: tourism. fishing. anthony: fishing. have there been attempts to develop here? and, uh, have the locals been able to resist that impulse? james: he s saying on kumejima they have rich lives. they have everything they need. they have produce from the land, from the sea. they don t need much else. anthony: i ve been invited to a beach barbecue kumejima-style. go big or go home. to eat some fresh caught tuna that comes straight from the market to be butchered into sashimi.