High. Our roadmap begins with the trump stock market, the president signaling some support for a border adjustment tax. Futures point to a lower open. Can the dow continue the longest winning streak since 87 . Plus, well keep our eyes on retail. Nordstrom shakes off trump tweets, but jc penneys turnaround seems to have stalled. The retailer is closing 140 stores. And a big 10 revenue decline at Hewlett Packard enterprises. Meg whitman is going to join us live. First up, futures lower after the dow hit that new win streak ten days in a row after the president gave an interview to reuters following his day with manufacturing ceos. He says, quote, i certainly support a form of tax on the border, could lead to a lot more jobs in the United States. Of course in january he said it was too complicated. Sean spicer yesterday pushed back on the idea that it would result in Rising Consumer prices. Who knows. Did immelt get his ear in that meeting yesterday . I dont know. Interest rates keep goin
He basically said the border adjustment tax as written, current language from the gop is mot something the white house would support. This comes about a day after a reuters story where donald trump seemed to hedge a little bit on that and seemed to suggest some support. Cohen seems to back drtrack on this morning. Could it be reworked . It also comes 24 hours after treasury secretary Steve Mnuchin told our becky quick that all options are on the table still. The cohnspecific negative sentiments were specifically on the actual language, the actual talk that the gop has had specific language. I think it certainly could be reworked. He did not say that the concept was objectionable but the way it was worked out. Dan, longtime finance guy, covering banking, private equity, et cetera. From your market expertise, its brian sullivan. From your market expertise, do you think that the market is maybe overreacting to the upside, given your story . Or do you think that a border tax could still li
Recently and stocks have rallied. I dont see where the disconnect is. Yields have surprised me. Without question. I didnt think yields would go down to where they are now. Vix would tell you down another 2 today that stocks want to go higher and the vix trades down to single digits. Why . People finally said who needs this insurance stuff, the market will just go up. Its going to catch people off sides but not going to happen yet. I guess the price action over the last couple of days. The bonds rally the rally you saw in europe and japan was more extreme. The u. S. Rally bond yields came in 4 , 5 . Were down to key levels. You break to 30 on that ten year you go to 2 quickly. Thats disvaluation, refuting whatever you want to call it, an indictment against this the fiscal policy. Things like em, em sells we havent sold off this much in six weeks. Theres a lack of sense that the rates are going higher and the fed needs to move. Are we ignoring some warning signs . I would say yes. To 30
Republican resolve . Tough questions for the white house. House democratic leader nancy pelosi. House Freedom Caucus founder jim jordan. And the chair of the dnc, tom perez. Here now, chief anchor george stephanopoulos. Good morning, can you believe its been just 38 days . 38 days packed with the shock of the new. A shock thats energized trump supporters, terrified his critics, mystified many around the world. As we come on the air this week, what have we learned to far about President Trump . Number one, hes not going to change. Donald trump intends to be president the way he became president. With tweets. Tough talk so often at odds with the facts. And direct attacks on the press he calls the opposition. I want you all to know that were fighting the fake news. Its fake. Phony. Fake. [ cheers and applause ] a few days ago, i called the fake news the enemy of the people. And they are. They are the enemy of the people. Number two, he meant what he said about cracking down on illegal imm
Waiting, after we have to be hopeful. I like some of what trump likes to do and some of what he wants to do scares me to death. He has been in office a little over 30 days. He is going to be there for four years. I am giving him four years to make a difference. Dickerson Ohio Governor john kasich thinks he has a better plan for fixing obamacare, we will talk to him about his meeting with the president , his one time republican primary rival. Our National Security correspondent david martin reports from the field, plus we will have plenty of political analysis, all coming up on face the nation. Dickerson good morning and welcome to face the nation, i am john dickerson. Once again, we have a lot to get to today and we will begin with former cia director john brennan who in addition to serving as Homeland Security advisor to President Trump spent 25 years at the cia under both democratic and republican administrations. Welcome. Lets start with reports that the white house asked the chairm