Quickly. I was at the Justice Department yesterday afternoon. This is a significant move. This only happened once before in history. Without going into any of the recent events, the Deputy Attorney general really highlighted the unique circumstances we find ourselves in requiring the special counsel saying in part, my decision is not a finding that crimes have been committed or prosecution is warranted. I have made no such determination. What i have determined is based upon the unique circumstance and the Public Interest requires me to place this under investigation under the authority of a person who exercises a degree of independence from the normal chain of command. We heard from the white house last night and a short statement saying a thorough investigation will confirm what we already know. There was no collusion with my campaign and any foreign even i entity. I look forward to this matter ending quickly. Coming out strongly and this will now move forward. The white house is looking forward to the matter resolved quickly. That makes me wonder how broad the scope is of the investigation. There is nothing quick about this. Reporter you are right, christine. The latitude is wide here. Under the order issued yesterday by the Deputy Attorney general. Mueller is now allowed to look into any length or coordination between the russian government and any individuals associated with the Trump Campaign as well as matters that arise or arose directly from the investigation. He is given a lot. He essentially has been deputized to step into the shoes of the attorney general. He is issue subpoenas and convene a grand jury. He can conduct interviews. It is up to him where to take the investigation. He can get tax returns. He can interview the president. Everything is on the table. Whats the first step for mueller as special counsel . Reporter the first step is for him to request a budget within 60 days from the Justice Department. Then he will hire staff. He can go inside or outside. Whatever he wants. We know he is taking two of the former Law Firm Partners with him. One that actually worked on watergate. Interestingly enough. Another who is a former fbi agent. People who are well versed in the issues. People whom he has confidence in and putting his circle together. He has to get office space and he has to get the whole bit here. We know the president , well, he will fire people if he is not pleased. Can trump fire mueller . Reporter this was getting buzz on social media last night. The regulations say the special counsel can only be removed by rosenstein. Acting ag in the situation. Sessions has recused. Trump cant fire mueller directly. He cannot call him up and say get out. The president could try to repe get out. The president could try to repeal the regulations on the books or he could try to put pressure on the Deputy Attorney general to fire him. Of course, that has significant political consequences. This is not a situation like james comey where he can just do it all on his own. All right. Laura jarrett. She had a very busy long day yesterday. I have a feeling that is her summer. Thank you. I think you are right about that. Joining us this morning is political reporter tal kopan and shannon pettypiece. Shannon, what can a special counsel not do . He can pretty much do anything an attorney general or fbi director or other Law Enforcement official could do. As laura was explaining, he does not answer to the attorney general or Deputy Attorney general or fbi director. He is independent. So that will give him a lot of flexibility here. There is a scenario where he could be removed from the job, but it would be more complicated. It gives him independence to conduct an investigation the way a lot of people have been wanting to see for months. Shannon, what is the mood . Dave and i feel when the news came down there was suddenly a next phase of it. It is not just speculation and anger and blame back and forth and wondering with russia ties. This puts this in the hands of grown ups and we move forward. Is this a turning point . For the white house, it could be very good. If there is nothing to hide or collusion or no obstruction of justice, you know, this will now have a very credible investigator and no questions surrounding how the investigation was conducted. If you do have something to hide, mueller is the last person you want investigating you. The mood in the white house yesterday at this point was panic as they try to get their heads around what was happening. They were given 30 minutes notice. They were scrambling to come up with a statement to figure out if kellyanne should go on tv or not. A lot of trying to digest the news. I think we will get a better sense of the mood. Tal, it was not an overheated reaction by the white house. You almost have to applaud that. We have not seen tweets or false statements by representatives. How they handle it today . Could this be good news for the Trump White House . You almost wonder if there is legal advice given because there have been some missteps in the past handling the announcements. You know, again, we have seen the white house scramble to find communication strategy ascert n as certain things have broken and walk back things said. You could argue that last night the strategy of a small concise statement minimize the risk of conflicting statements or things that would have to be walked back later. One thing thats clear is the cloud over the white house that they have been extremely frustrated with since the allegations started bubbling up. It is not going anywhere. This investigation can take a long time. Robert mueller has a lot of latitude to dig into whatever he wants. You know, some of our folks on air were saying yesterday this is not a man known to leak. He is known to run a very tight ship. This is going to keep going. This only gives legitimacy to the investigation. The white house may be relieved to know there is a credible person conducting the investigation if it clears them. It doesnt mean this is going to go away or something they wont have to answer to. It opens up everything. It opens up everything. A million times we heard. Remember the clinton investigation with white water and ended with monica lewinsky. It opens up you go down a rabbit hole. You never know what is on the other end. The wall street journal editorial says while this provides shortterm political relief, it opens up years of Political Risk to the Trump Administration with no guarantee that the public will end up with any better understanding of what really happened. Shannon, at the end of all this, if there are no criminal charges, it is not as if this is a commission which publishes a report where we understand what happened here. This is not meant for the public. This is a Law Enforcement tool. Right. There are other investigations going on on capitol hill and congress. Those investigations, we see how they play out. Those could give the public more clarity and they could come out with a full report. This is a Law Enforcement investigation. This will not result in some 20 binder report at the end of all this. Some other big news last night, tal, regarding Michael Flynn. In fact, he admitted to the Trump Transition Team he was under federal investigation for lobbying on behalf of turkey. They knew before hearing from the Justice Department about flynns lobbying and the federal investigation. What questions does this open up . You know, that reporting, you know, we still are working to corroborate. Its from the New York Times. Certainly you have to wonder if the white house regrets a little bit how closely it intertwined itself with Michael Flynn. There is every indication the warning signs were there. We heard over and over Obama Administration officials warning the trump transition about taking him in to the inner circle. Too closely. You heard from sally yates and perhaps the former president suggested it might not be a good idea. The Trump Administration and transition went full steam ahead with Michael Flynn. Certainly a lot of the developments that have come out in the investigation have centered around mike flynn. This man. You do have to wonder if the white house regrets not distancing earlier because im not sure this is the end of the drip, drip, drip, that comes out of the hiring of Michael Flynn and his connections overseas in terms of lobbying and the speech he did in russia. Shannon, is this the pivot the white house has been wondering how it happened . Do they get the president with an attorney. He stops tweeting so much . He stops contradicting his team and they get on message and he tries to govern and work on his economic agenda and not so much the fight with the media and fight with the Intelligence Community . I dont know if we will see a real trump pivot. I think on issues around russia and around Michael Flynn. Over the past few days, there is a real concerted effort to keep their mouth shut and be careful about what you say about classified information. Clamping down on that. You know, President Trump is who he is. He is not going to change now. You know, whether they are talking less about russia, dont expect them not to be a bizarre tweet at 6 00 a. M. About north korea or Something Else. And the foreign trip. Who knows how fraught with peril that potentially could be. Shannon and tal, thank you. 11 minutes past the hour. Lets talk about what this means for investors. Investors have been high on the trump drug for months now. So what happens now this investigation has been announced . 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Money flowed into gold and bonds and the fear gauge jumped 42 . It had been the lowest level in decades. Suddenly fear came back. Until now, markets were ignoring the washington antics in favor of tax cuts and deregulation. For investors, all of this latest about james comey and memos about the president asking him to quit the Flynn Investigation just doesnt signal uncertainty about the economic agenda, but the future of the presidency. Here is how one wall street trader put it. I think we are at a point where his presidency is starting to crackle and become vulnerable. Wall street is feeling that for the first time. Changing mood could mean more losses. Here it is important to note. Corporate earnings are strong. All three indices are up for the year. It bears watching the mood about the president s agenda now this is all in the hands of the special counselor. The context is important. Record highs. Economy is still healthy. The u. S. State department voicing concern over what Police Describe as a brutal attack on protesters outside the turkish ambassador residence in washington, d. C. How about this video . All this while president erdogan visited the United States. This video is disturbing and shows turkish Government Security forces, those in suits and white shirts and dark ties violently charging the protesters. The Turkish Embassy said the violence was initiated by the pkk or the kurds, which turkeys government considers a terror group. Violence is never an appropriate response to free speech. 11 people were injured. Including a d. C. Police officer. 18 minutes past the hour. Lebron james and the cavaliers are one step closer to the nba finals. Andy scholes has the latest in the bleacher report. There he is. And so can our hair. So i use this. Total repair 5 from loreal. Fights 5 signs of damage. Total repair 5 with ceramide. Renews fibers. For hair thats shiny, healthylooking, resilient. 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