I try to learn from mistakes and acknowledge where i was wrong and move forward. Yang all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by kevin. Kevin kevin . Advice for life. Life wellplanned. Learn more at raymondjames. Com. Ordering takeout. Finding the west route. Talking for hours. Planning for showers. You can do the things you like to do with a wiregnss plan desi for you. Anwith talk, texdata. Consumer cellular. Learn more at consumercellular. Tv babbel. A Language Program that teaches spanish, french, italian, german, and more. And with the ongopport of these institutions this program was made possible by the corporation for and by contributions to your pbs station from viewers like you. Thank you. Yang President Trump acknowledged he is considering tax cuts, but not, he says, response to recession fears. That was just one of the topics the president talked about today during an Oval Office Meeting with the were looking at various tax reductions, but im looking at that all the time anyway, tax reductions. Payroll tax is something that we think about, and a lot of people would like to see that, and that very much affects the workers of our country. Yang well hear more from the president when we talk to White House CorrespondentYamiche Alcindor, after the news summary. Wall street gave ground today, after a batch of disappointing corporate earnings. The Dow Jones Industrial average lost 173 points to close at 25,962. E sdaq fell 54 points, and the s p ipped 23. In syria, the dominant militant group in idlibnce retreated from a key town, in a new blow to rebel forc the insurgents, linked to al q sheikhoun under heavyn n mbardment and air strikes. As they did, syrvernment troops entered the town, backed by russian air support. Idlib is the major rebel bastion in syria. In afghanistan, hundreds of people paid tribute day to the dozens who died in a suicide bombing in kabul. Many gatred in mosques, while others visited memorials to the victims. Some criticized government officials, including president ashraf ghani, for failing to put an end to the violence. translated the president and his chief executive must resign. They cannot serve the nation, and they should apologize to the people. Ghani promised to bring security during his campaigns before becoming the president , but he couldnt. We have had the highest number of civilia term. Lties under his yang the Islamic State group claimed resplity for saturdays attack on a wedding celebration. It came as the United States pursues peace talks with the taliban. Meanwhile, the state department announced chief negotiator g Zalmay Khalilzad is headck to qatar to resume those talks. Dozens of migrants made ate attempts today to reach the Southern Italian coast. The migrants, most of them from africa, have been stuck on a rescue ship for 19 days, as italy refu dock. Let the vessel at least 15 jumped overboard today, hoping to reapedusa island. More than 80 remained on board, in worsening conditi hours later, a sicilian prosecutor ordered the ship seized, and the migrants evacuated to shore. Meanwhile, italian Prime Minister giusente resigned after his farright Coalition Partner qu the populist government. Interior minister Matteo Salvini and his league party have pushed the hardline policy against rigrants. Now, with his popu rising, he wants new elections. Conte accused salvini of being irresponsible as the interior minister sat next to him in the italian nate, and shrugged off the criticism. translated my dear minister of interr, by starting this government crisis, you are taking a great spsibility towards the country. You have asked for full powers to rule the country, and i have heard you calling the people in the squares to support you. Yang contes government lasted jusonths. If italys president accepts his resignation, the country could see elections as early as october. Still to come on the newshour amid a backdrop of rising income inequality, American Business leaders announce a philosophical shift. On the ground in gaza, where gunshot wounds have become a part of daily life. Tricks of the trade with the. Ormer c. I. A. Head of disguise. And, much mo yg the Trump Administration continues to tout a Strong Economy and dismiss fears of a potential recession. Ialn the ffice this afternoon, the president was asked trade policies his new tariffs in escalating trade war with china is having a negative impact on the u. S. Economy. I am doing this whether its good or bad for your statement about, oh, will we fall into a recession thr two months . Fact is, somebody had to take china on. My life would be a lot easier if i didnt take china on. But i like doing it because i have tdo it. Yang our Yamiche Alcindor is here to help explain the white souses thinking. He president said that the the economys doing great. But hes also thinking about ways of boosting it a little bit, and then seemed to acknowledge the his own tr policies may bring a recession, a short one. Whats going on . The economyhas been the shining example that President Trump has been able to point tom scandals and controversies. Hes been able to say, look, even though you dont like water for chocolate my rhetori or racist tweets or women aultedng i sexually a them, at least the economy is doing well. What is happening now is there are signnothe e could be slowing and thats making President Trump and republicans hry, very worried. As a result,s essentially make the case, china made me do all this. The farmers frustrateed in the midwest because their markawets have gon as the trade war with china has dragged on. Its not my fault. China made me do this. The Republican Party is really trying to find a message to help them if ere is a recession. Also, for republican lawmakers theyve been able to point to the economy and say, i know i dont like water for chocolate President Trumps racist tweets or maybe i dont like atter for choc the fact that he separated thousands of immigrant families, but again, the economy is doing well and wooshed think things are going well. Mb bems starting to cru and this is the president trying to save his presidency and save face. Yang another topic was his stand he backgrounds, gun control. Lets take a listen to what he said. We have very, verytrong background checks right now, but we have sort of missing areas, and areas that dont complete the whole circle. And were log at different things. And i have to tell you that it is a mental problem, and ive 00 times. Its not the gun that pulls the trigger. Its the person that pulls t trigger. Yang immediately after el paso and dayton, o seemed be saying that he expected the senate to congre to act on stricter gun control. But now he seems to be back off . Tres no question President Trump has completely pulled back his support for background checks. And it comes down to three letters, n. R. A. That group has had a strong hold on republicans. They backed President Trump, and now we at the pbs newshour canf m the president called wayne lapierre, the head of n. R. T that afternoon, aold him University Background checks are completely off the table. Thats a complete 180 from what the president was saying just two weeks ago. He said there would be tremendous support for commonsense background checks. That hw. Gone away no and the president essentially siewgz talking points from the n. R. A. He said theres a slippery slope owhen it comes gun legislation, and if they start messing with background checks,e crats might take away the second amendment. On the white house lawn just a few weeks ago, he said this isnt about the n. R. A. Or republicans orrats. Thats completely changed. I think it it will be very interesting once congresses c back to see what the president does. We have a pretty clear sign. The n. R. A. Is on the phone with the white house and they are completely changing t thee. Yang White House CorrespondentYamiche Alcindor, thanks very much. Thanks. Yang for decades, maximizing profits for stockholders has been the driving goal for corporate america. But theres a growing populist backlash as more and more americans led to great social inequality. This wee nearly 200 of the countrys most Prominent Companies issued a joint statemat represents a major philosophical shift. The c. E. O. S said that corporat t leaders shoue into account all stakeholders that means employees, customers, suppliers and society in general. O thats the focthis weeks making sense segment. And for it, we t Steven Pearlstein, Pulitzer Prize winning columnist for the Washington Post, professor of public a university, and author of the book, can american capitalism survive . Steve, thanks for joining us. My pleasure. Yang a year ago you wrote in your column that tone decito declare maximizing value for shareholders as the sole purpose of ai corporatios the source of much of what has gone wrong with american capitalism. How big a deal is this shift . Well, its a big dl ot so much because what the roundtable says has any legal force on any ofts members. Its important because it signals a shift in attide in norms thats already occurring. Its a sort of c something thats happening thats, i think, the pendulum swinging back inhe right direction after having swung too far in favor of shareholders. So its important for this sort of signaling value and for the signaling to other kinds of businesses and other businesses that this is now a new norm, and gnaling to the other stakeholders to begin to, i think, assert some of their influence and their leverage. Yang now, after you wrote that column, jami dimon, the chairman of j. Morgan chase reached out to you. What happened . We know each other and i was having breakfast and picked up the phone and said, that was the stupidest column i ever read. And i said, good morning, jami. How are hu . And ve a frank discussion. At the end of it i said, lookw, dont you have a dinner somewhere. You can come here, ill host ono here, wiel it in new york, and you have some of your guys and ill have some of the other journalists there. And the reason was he thought we journalists were misportraying this issue that he said, we dont run our companies in the ruthless profitmaximizing way that you suggest. And i said, first of all, im not sure thats always the case ven if it were why dont you say that shouldnt be the norm. And he didnt really have an answer for that. And ats sort owhat what eventually we did have this meeting in new york and nhis office and we hash things around. And i think, you know, we acknowledge that, no, they dont all run their companies in a ruthless way 100 of the time. And hecknowledged that mbe they needed to think about reframing the purpose of a corporation. Yang you say this move this shift has been going on for a while. So why now . Why makehis formal declaration now . Well, several, but one o which is the political environment where, you know, you have the two leadg or two of the three leading democratic president ial candidates going around saying the big problem is corporate greed. And they probably overstate the case and are pretty harsh about theirul pt complaint. But, you know, thats added to fact that for years business and hesiness leaders have beeld in lower and lower regard by the public. And think, you know, they have had a period of time, john, as you know, for the last 20 years, where theyre their allies in the Republican Party have prettu controlled things in washington, particularly in the congress. And theyre looking at a period of time where that might not be the case. So i think they probably need to establish some credibilityn the public marketplace because theye been playing an inside game for the past 20 years quite successfully. T they probably have to Start Playing an outside game and they need to establish legitimacy with the public for, you know, the views that they have. Yang and are the thare also getting pressure from within, from lazy . Employees . Yes, i think thats the other thing. Im not a big fan of social media, but social media has made them extremely sensitivo the reactions of consumers, consumer boycot threats. They read their social media very carefully. I think this an is perhaps the most important Thing Companies are in a battle for talent,r top talent. And there are a lot of young people ink t this as a College Professor who wont go work for a company they think is a ruthless profit maximizer. They also need that to recruit tant. Yang , theyre getting pressure from below, but so many of the incentives at the top, you know, compensation, bonuss tied to hitting stox prices, hitting Quarterly Earnings marks. How much is really going to change . The incentive structure has chaneyd. In fact, e tried over the years and this is something under criticism. They have made the stockrated compensation much more longterm. So it isnt qrterly anymore. And, you know, i think those improvements hav there. But, you know, they can still do ally well under these compensation things by changing things a little bit. And, you know, its a sort of collective action problem. Theyll know, frankly, that they needed to change the way they behaved. The problem wat no one could do it because if one did it and t t others didnten they would get called out, and their stock price would geted hammand they would be criticized by wall street. Stow one of the reasonsl somethine water for chocolate the roundtable exists is for them to do it collectively so its a sort of al protection society. They can do what they think is the right thing and not get called out individually fo yang you mentionedly the political environment. The two democratic candidates, the democrats may take congress back. Why shouldnt we justee this as a p. R. Gimmick, as trying toe out ahead of an issue, of trying to trying to look good . Well, to me, thats progress. When the Corporate Community tries to get out ahead of Something Like war chocolate that and acknowledges that they may have overdone things and then thats a win. I mean, i dont know how yit isood for p. R. , but if they dont follow through, if we continue to see companies that say, im giving up my american cizenship so that we dont have to pay u. S. Taxes anymore because our shareholders are making us t, if companies say, were going to crush our ur shareholdee o are making us do it, they wont be able to get away with that anymore. Yang Steven Pearlstein of the Washington Post and george mason university, thanks so much. Thank you. Yang for many months now, palestinians in gaza have regularly protested their conditions along the border fence with israel. Rnose protests have often violent, resulting in deaths and permanent injuries. Militant palestinians ha a lobbed rocke gunfire at israel, especially targeting the soldie at the border. T some International Observers say the response of late has taken a sturbing turn. Special correspondent Jane Ferguson was there last year when the conflict firs ratcheted up, and turned recently for another look. Reporter in gaza, soccer is a crucial f life. For many, its an escape from the hardships here. With few prospects for a job, its a way for young men to pass the time, and a way to still feel human even after devastating injuries. Playing with one leg is not easy, but then, nothing about life is in gaza. translated beforthe injury, i loved playing soccer. But after my injury, it became difficult. This team, i can return to it, and i love the sport. From this sport, we get an outlet for our feelings, and thats necessary for everyone. Rep 7,000 have been shot by the israeli army while taking part in ptests along the border of gaza in the last 15 months. Zens of those have lost limb. Ahmed did everything he coul, to save his lavelling to turkey and egypt to try to find a surgeon who could do the job. He says hell never forget the day he was shot. translated i was taken to the h such a large number of injuries mi had to wait 24 hours f operation. Orter that was may 14 last year, when gazans took rt in a march of return protest along gazas border with israel to demonstrateor the right to siturn to their familys ancestral homes inde israel, homes their forebears fled when israel was formed in 1948. The gaza stp has been under blockade by israel since june 2007, when has took control of the territory, violentlye victing the palestinian authority. It is one of the most densely populated places in the world, nearly two millioneople packed into a sliver of land 25 miles long and five miles wide. Unemployment is at a staggerg 52 , leaving young men like this feeling they have nothing to lose. The day after ahmed was shot, the Trump Administration formally moved the u. S. Embassy to jerusalem, recognizing jerusalem as the capital of israel. Palestinians have long declared that jerusalem would one day be the capital of their future state. Until that point, offi u. S. Policy on claims to the city had always been neutral and a subject for final negotiaterns. We were e on that day as s tens of thousandrched towards the border fence. 73 palestinians were kille00and over 2,5njured. In the makeshift field hospitals, the wounded arrived at an alarming rate, almost all shotn the leg by snipers. Israeli Sharp Shooters hit so many, the hospitals couldnt cope. I never fo