With the president , at least recently. Uhhuh. He seemed to take a shot out of the blue at you a week or so ago. And then youve responded with a couple tweets in the last 24 hours. One that said, and im quoting, its time we accept pous for who he is, hes entertaining. Later you said its a waste of time to try and turn pinocchio into a real president. Whats going on . A couple of things. First, i deleted the first tweet because i thought the pinocchio tweet said it better. Loon, i tweeted more of it today. There are policies that i tend to agree with him on. I mean, i want reduced i want less bureaucracy. I want better tax law. You know. Changes to the fcc, changes to the fbc. Those are all good things but more republicanoriented type policies. What i have a real problem with is that i dont think he has any leadership skills. I think he has no self awareness. He has no ability to admit his mistakes. He is completely unaware of how technology works. And lets start there because one of his big pitches obviously is creating jobs, particularly manufacturing jobs. Now, lets look at what he said and lets look at whats happened. On the surface nobody can argue with wanting to create jobs. On the surface, any time someone says theyre going to create jobs and build a new factory, it sure seems smart, right . But what hes missing because he doesnt understand technology and apparently isnt listening to anybody around him who does, im willing to bet that these companies that are building new manufacturing plants, when its all said and done, these are going to end up leading to fewer people being employed, that those companies that are building these new plants, theyre not going to end up having more employees in two or three or four years. Theyre going to end up having less. And theres nothing President Trump can do to stop that because of the trends in technology, machine learning, network, deep learning, et cetera, is changing the nature of work. And so while his intentions may be good and give him credit for that, the reality is that fortune 500 companies, the s p 500, the dow 30, theyre going to have a lot fewer employees to get a lot more done. And were going to have to deal with how do we address the disruption thats going to happen in the employment for these Big Companies . You know there are going to be some folks out there who hear these comments. They look at the tweets. The one specifically that says no self awareness, no Situational Awareness, cant admit mistakes and theyre going to say especially his supporters are going to say nothing youre saying bothers us one bit. We knew who we voted for. Hes now the president of the United States. Lets get over it and move forward. How do you respond . You know, the response is very simple. The difference was when youre a candidate, thats all great. You can talk. Now not only is he president , which involves him managing and leading millions of federal employees, but hes also the commander in chief. And as commander in chief and as the leader of in total 4 million plus employees, every single one of those employees listens to everything he says. Every single one of those employees. Hes the man in charge. They look to him for leadership. They look to him for examples. They look to see what cues they should take from him. And so you cant be candidate are trump any longer. When he has a press conference like yesterday, thats great if he was still campaigning, more power to him. But now hes the man in charge, hes the guy, right . So the file clerk in bose si, idaho, that works in a federal office, they take cues from what he says. You know, look at all the leaks. You know, as somebody who manages a lot of people, as someone who invests in a lot of companies, i always try to say, look, i can do im willing to do any job i ask you to do. You know, if something goes wrong, its my responsibility. If theres an error, it ultimately ends with me, the buck stops here, the buck doesnt stop there and there and there. And the fact that he wont admit errors, the fact that he wont take responsibility for errors, the fact that he likes to talk about fake news rather than facts, that leads to people who work for him saying, well, if he wont take responsibility, if he wont admit mistakes, somebodys going to take the blame for those mistakes. And that Somebody Just might be me. Look, im not going to go down im not going to take that bullet, hypothetically speaking, and go down with the ship. So maybe ill leak this to protect myself, to show whats actually going on. Maybe ill talk to a reporter off the record to tell people whats going on. All these leaks that hes concerned about, those arent a failure of those individuals. Hes responsible for those people. Those are failures of leadership and he refuses to admit it. If he had any leadership skills whatsoever, he would be maybe hes doing this in internally and we dont see it but i doubt it very seriously. He would be saying to these people, look, i will get this fixed. I understand theres a lack of communication. What i say on the podium is not what i say behind the scenes. And i will take responsibility and we will get this fixed. Let me put it to you this way, then. I think its what would you way to the fact that he says on the podium has already sort of been refuted a bit behind the scenes. Do you think hes getting enough credit for what he claims to have done and what in reality he has done in the short time four weeks that hes been in the white house, between the execive orders, even, and whether some of them were clumsily rolled out and could have been done better. Look at every great ceo you have ever met, talked to, read about, watched in action. Right . Do they talk about how much credit am i getting . Do they talk about here are the accomplish mmentes of the people who work for me, here are the people im proud of. Let me talk about soandso. Here are the communications i have with them. Here are the efforts were making so as an organization our culture is designed so we all succeed. Let me talk to you about how i put a person in position to succeed and the excellence theyve created. When you talk to any great ceos, thats what they talk about. You dont hear any of that, not a smidgen of that coming from donald trump. If its such a disaster though why as were having this conversation, why is the dow at 20,5 hurrica 20,500 and why are we wet setting new highs in the markets . One of the reasons i think and i was surprised an i was trying to get my arms around it as well because i always thought uncertainty was bad for the market but jim cramer said it bess. He said the market doesnt seem to care if mike pence is named president. And then if you take part two to that, that what i mentioned on with the new technologies, all these major people are coming to the realization that machine, deep learning, et cetera, is changing so that, you know, were going to get a lot more productivity from a lot fewer people, which could lead to a lot more in profit. I mean, amazon and netflix are my two biggest holdings. I think amazon is the greatest startup and the greatest company in the world. And the way they are using new technologies and the way theyre willing to invest in new technologies is not just disrupting retail, its getting ready to disrupt everything, from transportation i can see them competing with uber. You know . Its just they are a smart, smart, smart company. And so i think people are starting to recognize that this new technology, you know, all of these derivatives and subpart i dont know the right way, derivatives of Artificial Intelligence are going to have substantial impacts on profitabili profitability. Now, there are a lot of social consequences that we havent started to deal with. Theres going to be incredible disruption in the nature of work and theres going to be people who arent going to have jobs that never imagined they would they would lose their jobs. And we havent started to address those. And to be blunt, the few communications ive had with the administration have been, okay, how do you deal with all these displaced workers because were talking millions. I think people over the next two, three years that are going to lose their jobs because its been theyve been replaced. Weve got theyve been replaced with technology and weve got to start to address how were going to deal with that issue. Let me ask you this, and i dont know that youve answered this question on the record and maybe you have and ive missed it and if i have, i apologize for that. Sure. The meeting that you had several weeks ago with steve bannon, what was that about . Just saying hi. I know steve. I had meetings with steve, you know, years ago when he was in the entertainment business. So weve known each other. It was just touching base. Nothing beyond that. Were there possibilities of you working in some capacity with the administration . No. I was very clear there. I was very clear that i did not want a government job. That i thought that that if i could help in any way, shape, or form, feel free to reach out to me any time. Is he one of the gentlemen p gepettos youre referring to in the tweet . Im not inside enough to know. Ill let everybody else speculate on that. My concerns with the president are social social policies have been bad in my mind. What hes doing with the epa is horrible. If this a. P. Thing about 100,000 national guard, et cetera, those things scare the hell out of me. But what scares me even more are the things we talked about before. Hes leading 4 point however many Million People between federal employees and the military. He is the commander in chief. Theres no question that you want your commander in chief to show strong leadership skills. Strong management skills. Strong communication skills. To be able to do deal in a factbased manner. Thats what i mean, im not a military expert. My dad, my uncle, et cetera, were military, but wasnt. So i cant speak from experience. But i would guess and ill let anybody feel free to contradict me and say im wrong, im guessing that, you know, the military wants factbased information from their commander in chief. And were just not getting that. For anybody. And that is a huge concern and that has to be fixed. Mark, its steve. Im not going to disagree with you but im going to say youre too narrowly focused. Its not just the Government Employees that want it. And that was the issue yesterday. The issue in my mind was a much bigger one. Its the lack of stability and rational thought process throughout the entire press conference. Im not going to argue with you. I agree with that 100 . For the entire country. I sit there as an investor first, you know, as a fiduciary. Im not going to look at social policies wear that hat which i disagree with virtually all of them. But forget about that, im wondering how long the mark is going to go through this. Talk object yourself as an employer and as somebody who runs a business and had lots of people work for me. You tolerated those individuals that were difficult to manage for as long as they were super productive. Not just productive for as long as they were super productive. Only as long as they dont mess with the culture of the organization. Hes a cultural killer for the country in my view, but the market is not look at that. The market is not looking at pence, as jim says. That could be a valid reason. As long as he continues to execute on his promises and he has directly core rarelated to y single promise hes made and the market is holding where it is because they expect he will execute on the tax plan, on revitalizing the roads and the bridges,nd on repealing obamacare. Mark, its josh. I agree one more thought. Okay. Until he falls down that, then well have our first instance of that if he does or doesnt on the tax plan in a week or two, the market will continue to rise. Hold on. Hold on. Go ahead, josh. Go ahead, mark. You can answer to steve. I agree with you. At the end of the day results matter. If all these he hasnt done all that much yet, right . You signed a lot of executive orders but were talking about if the tax plan happens. On obamacare, theres no chance they could ill tell you why quick quickly. Theres three real stakeholders. One is the insurers. Two are the Health Care Providers. And three are the consumers, us. Who is going to take less . Are the Health Insurers going to say, you know what, well take fewer profits . No. Are the Health Care Providers going to say, you can pay us less. Well, theyve already been crushed in that manner. Theres not a whole lot left to pull out of there. So its going to fall on the consumers to get less coverage in some manner or another. Ill disagree with that. Mark, let me ask you this. You said amazon and netflix are your two biggest positions. As i said, weve been watching the major averages hit new highs almost every day. As critical as you are of the Trump Administration thus far in the early stages i dont hear you saying youre getting out of the market, selling the market. Are you . And do you think as a result of what you believe of how the administration is operating that its going to end badly for investors or not . I dont know. I always try to stay ahead but historically ive used the vix in a variety of manners. But thats not the vix seemed to have disconnected from what i would consider to be volatility issue. So honestly, im looking at different sources. Ive shorted some companies that i think are, you know, might suffer and i dont want to name them. But im honestly looking for hedges. Do i think i should sell . No. Do i think i should color everything . No. I think the country is bigger than the president and, you know, unless it leads to war or something, you know, that i cant anticipate, that, you know, well come out okay. So, no, im not saying sell the market. I tend to always try to be hedged and thats my approach. Let me take you know about paying the bills from shark tank and everything else. Let me take a quick break, mark. Come back on the other side and continue the conversation. Is that cool . Yes, absolutely. Well be back with more with our conversation with marc cuban after this. This is my nealert system after this. But thinkorswim alady lets you create ctom alerts for all the thingsth are im. Shhh. Alerts on anyt aall . Not onon that, u can act on that opportunity witht one ta right from thelert wow, i guesse dont need the k anyre. Custom alerts on thinkorswsw. Onlyt td ameritrade. Wve done well in life with helfrom o advisor, we ma ithrough many market swings. Sure we could travel, take it. But weve never been the type to juit back. H many market swings. Not when weve got so much more. To give wh you have the right financl advisor, life can be brilliant. Ameriprise we are back with our conversation now with the investor mark cuban. Mark, as luck would have it we happen to have kevin oleary on our show today. I know that he would love to get in to this comment. Is that good luck or bad luck . Good luck for me. Im asking the questions. May be bad for you. Youve got to respond to mr. Wonderful. Kevin, are you there . Yeah, i am. I am. I have a question for you, mark. I was in dallas last night talking to faculty and students at arlington u of texas. A lot of people know we Work Together so i got a fair amount of feedback on your recent tweets to the president. And theres two themes that are pushing back on. Number one is, every administration going through a transition has gaffes. And you can go back the last ten president s and see this happen in the first 100 days. Many people feel that everybody should be given a fair shot. A lot of your criticisms are stylistic in terms of you dont like the way he presents himselfed a a leader. But heres the question ive got for you. Theres a lot of people that you are in partnership with. Lets just take you moavericks base, that are not so happy with what youre doing. In a heartbeat, kevin. Because unlike you youve got to respect you have to respect other peoples opinions. This conversation. I put country over dollars. Right . And you know, you put your pocket book first, last, and all in between. Thats so not true. We are completely different. I personally feel that you are not giving this president a fair chance to get in order. You may not like his style, but the fact is he has made trillions of dollars of potential growth in this parkt. You and i had a conversation where you called him an idiot. I never called him an idiot. Never. Yes, you did. Never, never. I dont call the politicians idiots. Kevin, you and i on sharp tank you and i make decisions in 30 minutes, 60 minutes, on peoples ability to lead, to manage the company, and we ask questions. And we get feedback and we make decisions. Mark, mark, hear me on this. Listen, dont shoot the messenger. But there are many people in your home state that feel you, sir, are disrespecting im not oblivious. I speak directly. Let me finish my thought. Mark, theres many people who feel that youre disrespecting the office of the president of the United States. Im just telling you what theyre telling me. In the elevator, at the airport, im im theyre using me as ma messenger. Im not disrespecting the office. Im disrespecting, the person, okay . Like ive said to the people in his administration, people who work for him, people who have worked for him. Im happy to help anyway, shame, or form. But lets just be real. Everything i said is absolutely true. Hes oblivious, he wont accept mistakes, hes known no Leadership Qualities whatsoever. As an american citizen thats part of my responsibility. To stand up and say what i believe and if im wrong, ill say im wrong. Look, i want him to be successful. I also know that he reads what i say, that he pays attention to the interviews i do, and so hopefully, hopefully it will sink in. And so as far as what mark, people are critical of you, you think i care . You think i care what ill listen to them, ill try to learn from them, ill take criticism, ill try to figure something out and see if it makes me smarter. Im always willing to help check my hole card. But im country first, kevin. I get that. But are you being are you being too critical for the first 100 days . Did you give obama a bigger pass . No. Did you give clinton a bigger pass . Did you watch the press conference yesterday . Did you watch it . That is a style unique to any president. Are you too critical on style over substance . You just dont like the way hes messaging . Kevin, kef vip, okay, when the guy just doesnt get the facts right, whats one thing you have to do when you come on shark tank . Mark, im asking you this kevin, i asked you a question. Kevin, my turn to ask you a question. What the one thing you have to do on shark tank, you have to know when you come . What i have to know . The entrepreneur, what is one thing the entrepreneur has to know i think hes alluding to, kevin, you have to know the facts. The numbers. I do say that. He