Thats the sound of donald trump not being able to keep a secre. , would donald trump be looking forward to the release of a bad report . Ponder that. One potential big economic cloud on the horizon, the president of the president s own making. Three key u. S. Allies are vowing to retaliate after President Trump stopped them with stiff new tariffs. Canada, mexico, the eu, targeting american products. Christine romans is here with more. You know i dont know this stuff. Thats why youre here. You do know this stuff. The economy is doing well here. It has been doing well for seven and a half years of consistent job creation. 223,000 net new jobs created in the month. Thats a little better than economists expected. Companies are hiring and paying more. 2. 7 was the wage growth. You look at the Unemployment Rate this is the chart i love, it shows you just how well things have recovered here. 3. 8 , you said it, heard it through the grapevine. Early 2,000, 3. 8 . It is hiring across the spectrum in health care, Business Information services, retail, also manufacturing. This is the best sort of year for manufacturing job gains since 2011. What were hearing from employers is in some cases they cant find enough workers. I think eventually youll see wages have to increase, pay up to keep and retain good workers. On trade, canada, mexico, the eu, what are they going to do . Big question here, why are we fighting with our friends. If the real problem is china, why are we fighting with our friends . Our friends are fighting back. Mexico says it will put tariffs on pork, fruit and cheese. The eu says it will be on denim, bourbon and motorcycles, to the heart of Mitch Mcconnells home state, paul ryans home state, paul ryan hates these tariffs. Canada says theyll retaliate with steel and aluminum. The canadians really interestingly are so confounded by this. They say, look, we are not a National Security problem. That is what the Commerce Department is saying, that the United States needs to put on tariffs because of the National Security threat from the our friends here. When you look at these, i think this will be a problem for consumers, maybe things will rise one or two cents for a can of beer. That will be a consumer reaction and this is what the chamber of commerce says, they say if, for example, our talks over nafta completely collapse, we pull out of nafta, thats 1. 8 million jobs lost right away and these are the kind of job losses you could see from some of the other trade moves of the white house is trying to make. A lot of republicans say, completely unnecessary. Absolutely. The white house says this is america first, that the United States has been taken advantage for so long, theyre trying to rewrite the playing field. A really, really powerful editorial taking apart the president s trade moves. Mr. Trump complains that lockheeds f35s cost too much and now hes going to make fighter jets more expensive which could give russia an advantage. Thats what the wall street journals point of view is here. Ahow are the markets responding to all of this . And the new jobs report today . Money and politics correspondent Cristina Alesci is at the new york stock exchange. What are you seeing . The market popped on the open and it is holding steady, green across the board this morning. Looks like we may erase some of the losses that we saw yesterday. Were up about 200 points, down yesterday 250 points on the dow at least. This is really positive reaction and that was helped by the strong jobs numbers that christine just ran through. The 223,000 jobs, the fact that were at a low in unemployment, 18year low, all of that bolstering the positive sentiment here, but bottom line, a larger context on this report is that it is a goldilocks unemployment report because it is not too hot that investors are concerned the fed may raise rates faster than expected, but it still shows the economy is very strong. When im talking to my sources on wall street, theyre all scratching their heads, saying, look, the economy is on track. Trump can be taking credit for this and hes injecting this uncertainty by picking a fight with our friends and causing a lot of ceos to really kind of get nervous and when you talk about business confidence, ceos want certainty, they want to know they can go out and make hiring decisions without fear of a possible trade war with our allies. Great to see you, thank you. Joining me to discuss this and more, a cnn Global Economic analyst, steven moore, cnn economic analyst and former Trump Campaign economic adviser. What is going on here . Are you getting sick of winning yet . I am sick of america alone. America first, fine, america alone, not so great. To take the shortterm news and midterm news, the economy is doing well, thats to be expected. Were at the tail end of a long nineyear recovery period. Donald trump put a lot of fiscal stimulus in. But what are we doing over the next few years . What are we setting ourselves up for. Were picking fights with our allies. Ive begun thinking about american trade policy, the administration in general, sort of pro wrestling. There is this fakeout, a lot of posing, chairs getting smashed. Why is this happening . When i think of trade and i think of pro wrelsin iwrestling of steven moore. Things are going so well, why is the trade war necessary . You dont think it is necessary. Why doesnt the white house get it . I have to thump on my chest a little bit here. I remember a couple of days after the election, people said we would have a Great Depression because of trumps policies. Clearly the economy is ramped up in a big way. It is a real tribute to the deregulation policies and the tax cut that trump did that i think have really by the way, we got another report out this morning, amazing on top of the lowest Unemployment Rate in 25, 30 years, the economy in april and may according to the Federal Reserve bank grew up 4. 7 . Thats a blockbuster number. So things are going well. I was over at the white house yesterday and i was my advice is, look, things are going so well right now with the economy. Why would you want to upset this apple cart with tariffs right now . It just doesnt make a lot of sense. We have plenty of jobs in this country. Trump wanted to, you know, protect a lot of blue collar manufacturing jobs, but theyre coming back big time. We dont need tariffs right now. Did you get an answer when you posed the question to the white house . Well, you know, actually, you know, there is a lot of division at the white house right now over tariff policy. I would say half of the economists over there are very worried about what trump is doing, others support this. Donald trump made the decision himself on these tariffs. My opinion is that if you want to pick a fight with china, which maybe it is the time to do that, it doesnt make a lot of sense to pick a fight with germany, japan, korea, mexico, canada. We need them on our side if we have a big trade dispute with china. And another element of this, you say it is a big deal or a small deal. You tell me. President s dont comment about jobs numbers before the reports come out. They dont do it because they dont want to impact the market. Donald trump tweeted today that 7 21, markets opened, not before 7 21, thats for sure. Thats his tweet. Looking forward to seeing the unemployment numbers at 8 30. What happens next month when he doesnt tweet ahead of exactly. Im glad youre laughing. First of all, it is we are probably going to see the next couple of quarters not come in as strong as this. All of this is normalized this president communicates through twitter. There are tremendous splits in the white house. You get the sense particularly on trade, almost any policy issue that whoever the last person in the room was, thats who has the president s here and there is this lurching at a time when there is so much low hanging fruit for the u. S. To come together with europe now. I know you agree with this. There are legitimate trade fights to be had with china. China is a serial infringer. China is the real steel problem, not europe. We could find so much Common Ground right now with our allies, particularly germany, by the way, germany and china are now doing more trade than germany and the u. S. Are doing. This is a time when europe has a lot of reasons to move closer to china, not the time to pick this fight. It seems that someone john kasich of ohio, listen to what he told me yesterday. I see theyre going to put tariffs on now. On the europeans. It is no longer america first. What were seeing now is america alone and i dont care who you are, how powerful you are, how rich you are, how famous you are, if you go alone, youre going to fall short. Doesnt this also the moves against canada, the eu, mexico, canada and the eu in how essential they are in other areas, standing up against isis, standing up against iran, does this kind of standoff now bleed into Everything Else . I think thats interesting point when you bring in National Security. The president is evoking National Security in terms of slapping these steel tariffs on this is not a National Security issue. Hes doing that because using that provision gives the most leeway rather than going to the wto. We need european steel. We need our allies. In bigger fights around technology, around what Artificial Intelligence will look like. We need to come together with europe now and make sure that the west developed nations, europe and the u. S. , are setting the rules. Give me your final thought, steven. Look, i agree with that. This is the time by the way, it is interesting that john kasich is from ohio. Ohio is one of those midwestern industrial rust belt states that went, you know, with trump. And it is interesting because a lot of those voters, i was there with trump, a lot of the voters in the midwestern states, they like these tariffs. Theyre very suspicious of some of these trade deals, but were seeing so many jobs in these states now, im not so sure that they are necessary, but people like rona and i have to do a better job explaining to Blue Collar Workers why trade is good. Maybe the president should that should be tasked with the president , why trade is good. Come on. You shouldnt have to just i would say, steven, it is not your job. Tariffs or taxes. You need a different tactic. Were talking about pro wrestling. Get some chairs, and you need to get in there. Okay. Folding chair. Im not promoting violence. Make it look like a wwe match. It is the only it is only the third inning in this baseball game. And how this youre switching metaphors here. I love a mixed metaphor. Im just looking for the seventh inning stretch. We have got a lot more innings. I dont know if well all be able to have the stamina for it. Thank you so much. Youve been screwed. Is the president sending a message to the people wrapped up in the russia investigation . Plus, President Trump calls for the firing of comedienne samantha bee for her offensive remark but said nothing about roseanne barr. Double standard or political play . Roasters sumatra reserve. Lets go to sumatra. The coffee here is amazing. Because the volcanic soil is amazing. 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Trump claims dsouza got a raw deal from the government. He went around the Justice Department and fast tracked a pardon. He talked this morning about how he learned the news. I was in my Office Working away and the operator came on the line and said, is this Dinesh Dsouza . Yes. Hold the line for the president of the United States. And there was trump. And the president said, dinesh, youve been a great voice for freedom. And he said that i got to tell you man to man, youve been screwed. He goes, ive been looking at the case, i knew from the beginning it was fishy. But he said upon reviewing it he felt a great injustice had been done and that using his power he was going to rectify it, sort of clear the slate, and he said he just wanted me to be out there to be a bigger voice than ever defending the principles that i believe in. President trump is also hinting he might pardon Martha Stewart and the disgraced former governor of illinois Rod Blagojevich who is still doing time for his conviction. Both celebrities know donald trump personally and happened to have worked with him on the apprentice. Is that a big side note though . Lets see. Lets go to Kaitlan Collins at the white house. Reporter the white house is denying the president is sending any kind of signal here to people like Paul Manafort and Michael Cohen with the pardons. It is hard to deny that forgiveness is clearly in the air. The president doesnt plan on stopping pardoning people anytime soon. Just after yesterday he had this unexpected announcement he was giving Dinesh Dsouza this full pardon, someone who say conservative, also floated conspiracy theories. The president was talking about other people he might pardon as we well. The president did not note Dinesh Dsouza, never met him before, he said, and hadnt spoken to him until this week as you heard from dinesh when the president called to surprisingly let him know he was going to be pardoning him. The question of these random seemingly random pardons comes from is the president just going to pardon people he doesnt know or is he also keeping in mind people he does know who are also facing other federal charges and including his former Campaign ManagerPaul Manafort and people like Michael Cohen. We know before the president was asked, he was considering pardoning Michael Cohen, if that would come up, if it came to that. The president snapped at a reporter who asked that and said it was a stupid question. No denying the people, the people the president pardoned or is considering pardoning all have a common tie of who the president were prosecuted by people the president believes are his perceived political ene enemies. All right, kaitlan, thanks so much. Joining me now, cnn political director david chalian, cnn legal analyst paul callan. Is there any room for debate . If this is what he says donald trump told him on the phone, you got screwed and he wants him out there, he wants him back out there being able to talk on tv, is there any debate these are politically motivated pardons . No, no real debate about that. The president ial pardon is political in nature. It is a power that rests with the president and it is an awesome power that rests with the presidency. It is not just dsouza. Look at the past pardons this president issued for Sheriff Joe Arpaio in arizona or for scooter libby, the former chief of staff to