Strident Point News Today

This government shutdown we have been tracking capping off a wild week for wall street. the dow jones dropped over 1600 points. registering its worst week since 2008. this comes amidst reports president trump is discussing firing jerome powell. the man who he hand picked to serve in this position just 13 months ago. my panel is back with me and joining us is cnbcs ron insana. thanks for being here. can we pick up on that strident point that president trump reportedly discussing firing powell. pe...

To hold our word and that were going to hold up our end of the bargain. nothing. theres nothing there. youre right, theres a trust deficit not just on capitol hill but across the world. >> thats why we have seen data from pew say that the standing america has globally has dropped significantly since president trump came into the white house and people think its about not liking his tone or his character. some of that is it. but some of it is just a lack of confidence that the u.s. is going to do...

Democrats from whom we will need votes reach an agreement. >> leader mcconnell there in his red and green. the only signs that christmas may be coming. thanks to my panel for being here. fantastic panel. ali, i want to start with you. i think what we have witnessed over the past 48 hours has been remarkable. you essentially have lawmakers throw up their hands and say, we cant reach a deal. the president wants $5 billion for the border wall and democrats say were not giving that to you. where do ...

Whether or not he put powell there is kind of to the side. because hes now the foil he needs to make the point that he needs to make on the economy. >> fantastic point. >> the tax bill, the tax bill, that lost so many republican votes last time around. hes still fighting back and clawing back from the erosion in the republican base around that tax bill. >> and the deficit is getting big sore its harder to fiscally stimulate the economy going forward. >> thank you for helping us to understand thi...

And dont like mueller to take his sides but as the investigations expand theres more coming out, more names repeatedly. even those who backed trump are this point i dont know if its truthful. >> lets look at the number of trump entities under investigation because this past week they agreed to close down the trump organization. take a look at that. its really stunning. of course not all of that is a part of the russian investigation we want to clarify that. but to what extent does this have a po...

He needs that part of the base to essentially sign off on any kind of compromise piece of legislation he agrees to. are you hearing anything about a potential deal coming together behind the scenes and what would that even look like at this point? >> well, there were reports yesterday and of course part of the ritual here is both sides want to appear as if theyre willing to negotiate. when in reality its very clear at this point that theyre dug in and theres an a absolute stalemate. we saw mike ...

The majority of americans say we dont want the wall. democrats are saying why should the american taxpayers foot the bill initially even if mexico reimburses us ultimately? has he lost any footing because mexico is not footing the bill? >> well, he loses the credibility. mexico will pay for this wall and mexico is not paying for this wall. the bigger issue though is i think the democrats have staked out a reasonable position. we will increase funding for border control but not a wall. and for a ...

So much push back. one of the things thats been most frustrating with people on both sides of the aisle trump has not provided any information behind his decision explaining why what hes doing is actually the right thing, despite what all of the foreign policy experts said. even when he comes oud and says, well, turkey is going to take over he hasnt explained how theyll take over and how its more effective than what the united states is already doing. hes making the decisions in his head apart f...

Thats particularly resonating with me because you know i worked in the leadership office, i worked for harry reid. i wrote statements like this. i remember one time i had my boss -- i wrote something and it was nothing written artfully and he scolded me and he said dont understand what comes out of this office it moves markets. peoples retirements rely on this. peoples lives go up and down based on what we say. so you have to be careful with language. and the fact that this president two years i...

Could have again put the pressure on the president and made him make a decision. three, the 2020 hopefuls on the democratic side which is everybodys favorite game im curious to see how theyre reacting. people like beto orourke, elizabeth warren. some are talking about how stupid the wall is and the border crisis. its interesting to see how they use this. >> i love this point that you raise because i think this is critical and it helps us to kind of think about the dynamics moving forward as we h...