Hi there, im stephanie ruhle. Weve got a lot to cover here in d. C. , starting with ready to flip. Trumps personal attorney and fixer Michael Cohen drops his own legal team. Is this guy getting ready to cooperate with mueller . Were very comfortable if he cooperates. Theres nothing he can cooperate about with regard to President Trump. And border in crisis. An inside look at where migrant kids are living after being ripped from their families, a former walmart almost at capacity. One of the first things an employee said to me is can you try to smile at these kids because its weird to see people from the outside. They feel like animals locked up in cages being looked at. Can you please smile at these kids. Thats what he was told. We begin with a potentially major legal shakeup in the works for president s trump longtime personal attorney and fixer Michael Cohen. I have a great team here to break all of this down. First, lets get you caught up on the fast developments involving the socalled fictioner. A guy who was going to be a lifer, royal to trump. Nbc news has confirmed cohen is expected to part ways with his current attorneys and hire new counsel as federal investigators dig deep into his business dealings. The u. S. Attorney in manhattan is focusing on that 130,000 payment to adult film actress stormy daniels. When, you know when, just before the 2016 election. But team trump, they claim that they do not appear to be fazed by any of it. The president s other attorney, Rudy Giuliani, he had a bit of a reaction last night. Hes not cooperating. Nor do we care. Because the president did nothing wrong. Were very comfortable if he cooperates that theres nothing he can cooperate about. Michael cohen i think would tell you hes got nothing incriminating with the president and, really, they should stop going after him. Torturing the guy. The reality is theyre trying to frighten him. Sounds like its working. Youll remember in april, the fbi raided cohens law office and hotel room. At a recent court hearing, prosecutors say theyre still sorting through the material they collected from that raid. Cohen has denied any wrongdoing and has not been charged with a crime. Points out, quote, the legal fight could intensify should cohen cooperate with authorities, particularly if he plans to turn over information or documents that trumps lawyers deem privileged. Has told people close to him that a fight against the president could be crippling. So lets get more from nbc news Intelligence National security reporter ken dilanian. What does this even mean . Could dropping his attorneys signal what . Its buying more time for Michael Cohen . Why exactly would he be doing this . It doesnt necessarily signal, stephanie, hes cooperating. The reason its getting so much attention, it is true that many defendants when they decide to cooperate do change lawyers because they often are looking for lawyers with a history of cutting deals. Potentially lawyers with a relationship with the prosecutors. They would want lawyers who maybe worked in that office who have a Good Relationship to cut a deal with those folks. But look, i spoke to a friend of Michael Cohens yesterday who said its very premature to suggest hes decided to cooperate. That friend did, though, say he was considering it, and he said, look, nobody is going to do 20 years for somebody else. If he decides hes facing serious legal jeopardy, he is going to flip. This could be essentially a way for cohen to put pressure on donald trump. Because the Trump Campaign has been paying large sums of money to cohens lawyers and its been reported that part of this dispute with cohens existing lawyers is the dispute over legal fees. Cohen is facing enormous bills related to the analysis of this 3. 7 million documents that were seized from his home and office. And this could be cohen saying look, pay my fees or i may flip. Well just have to see, stephanie. Wow. Joining me now, stay with us, ken, Los Angeles TimesWhite House Reporter my friend eli stokele. Former assistance u. S. Attorney kim wale. And one of my faves, ned price. Kim what does it signal, splitting up with his attorneys . I dont think it signals anything in particular other than we have a shift here. Why would you do that . We saw it with rick gates. We saw it with flynn. There could be just a decision to shift strategies. I mean, this lawyer that they have, this law firm, went through 3. 7 million documents. Thats very expensive. They made a largely frivolous Attorney Client privilege claim. We have a thirdparty immediater who went through all these documents. So far, as far as i can tell, its under 200 documents actually identified as privileged. The rest of those are going over to prosecutors. And now hes got a new legal team and he has to do it over again . There could be potentially a new legal team to negotiate some kind of deal. But we dont know if theres been anything put on the table. It could just be a decision to listen, part ways, i want a different strategy. We heard from giuliani where theyre saying were not concerned at all. Do you buy that . I dont buy that. When people flip, usually theres a bigger fish above you. There are any number of subjects and targets about who you could see. You tell prosecutors within your wider orbit. The interesting thing about cohen is he had three clients, only three clients. Sean hannity claims not to be a client. Exactly. I think those documents will tell a different story. Well find out. Sean hannity, elliott and donald trump. I dont think these prosecutors are too interested in the dealings of sean hannity. I think what theyre really going for here is donald trump. That was really bad news for Rudy Giuliani. Its even worse news of course for donald trump. What are you hearing from inside the white house . Because maybe all this noise is a way for Michael Cohen to say, mr. President , help me, im suffering. Theres always been ambivalence with Michael Cohen about his loyalty to the president. A lot of people close to Michael Cohen are saying look he doesnt return your loyalty, youre going to go to prison for this guy . And hes saying, look, im out on a limb, help me or ill cooperate. The raid on cohens office was a really scary moment for him and it still unnerves its one the president claims was illegal, unfair. Michael cohen said they were respectful it all worked out. You heard giuliani amplifying that same public message. The u. S. Attorney saying the new york office that got a warrant to do this from a judge is very hard to do, to seize papers like that. That the Legal Process here is torturing Michael Cohen. Its a fascinating position for Rudy Giuliani to be in at this moment. And thats what he and the president and their defenders will say publicly. But deep down, they know that theres a lot of serious vulnerability in all of that paperwork now in the possession of this u. S. Attorneys office. Kim, Emily Jane Fox from vanity fair has extensively covered Michael Cohen. She spoke about what cohens Current Situation is like. Where his head is at. His general feeling right now besides his feeling of betrayal from the trump camp is that his life has been Collateral Damage in order to get to the president , so his business has been destroyed, his family has been destroyed. He is a pawn in this game. And so he is just waiting for a next phase. So his wife, his kids, they feel like hes a pawn. I guess no problem with having years of paying off porn stars. That wasnt embarrassing. But this, this it sounds like its possibly ruining their life. If youre talking about years in years in prison. To get these warrant, there has to be a lot of whats called probable cause. A lot of information that is going to go before a judge to justify this. And we have his Business Partner whos cooperating with respect to state charges. We have potential problems with respect to, you know, Campaign Finance violations. We have tax fraud, bank fraud. Theres a lot pending here. Some serious considerations about do i flip. Do i talk about my close relationship . He has to the trump team . Hes got the keys to the kingdom here. Assuming just lots of information, right . The two other factors is trump has now started his pardoning spree so theres a question looming. If he does flip, we will probably see an allout additional attack on the integrity of the justice department. And the mueller investigation, which is a bigger problem in my mind with respect to democratic process and the ining at the gret of integrity of the justice system. Theres lots of questions with respect to a pardon. Could he pardon, could trump pardon him for all possible what about state law . State law, he cant pardon him for. Its not even clear you can pardon him for anything. Whether arguably it would have to be, heres the charge, i pardon him from that charge. So the pardon isnt a panacea for mr. Trump. If he does flip and he has information, its really its really of concern i think for this president. Okay, then ned, before a plea agreement could happen, cohen and his attorneys would meet with the prosecutors. They call that the queen for a day session. What would that look like . Well, it could be a proper session. The interesting thing about Michael Cohen is there are circles of criminal activity or potential criminal activity i should say. So of course prosecutors are going to focus on the new york case. But we can assume, we have to assume, theyre also going to focus on things like trump tower moscow. Theyre going to focus on this plan for ukraine that he presented in early 2017. Michael cohen, as kim just said, holdings the keys to the kingdom of Donald Trumps personal life but theres a lot to suggest he has a lot more. He has a lot more that can incriminate this presidency. It seems like thats what donald trump is really worried about. To that point, eli, big picture, Michael Cohen has been happy to be labeled President Trumps fixer. As his fixer, how much of a risk does this pose for the president , someone whos been by his side . People in the white house have said whenever theres a sticky issue, bring Michael Cohen in. Hes done it for a long time. Proud to do it. Potentially, this is the biggest threat of everything hes facing in the legal realm. The point about Michael Cohen being proud to do it. I talked about the ambivalence he feels about whether or not to flip and what to do. It really is in his dna. Hes defined by his work for donald trump. This is who he is. So his muscle memory is whacking the people, physically speaking obviously, that are in trumps way. Youve heard him on the call with reporters. Ive been one of those reporters hes talked to. Trying to gut you like a fish. Something like that. When you step back and think about him being in this position to be one of those people who hurts donald trump, that is just sort of against everything that hes done from the last tenplus years of his career. Even if hes frustrated. Even if he feels trump hasnt been loyal to him. Hes still doing it publicly. Well see what happens when he has to make this choice. Theres another person who comes to mind who the approval of donald trump means everything and its donald trump jr. He was on fox news this morning. He was asked whether his father should sit down for an interview with bob mueller. Heres what he said. I dont trust these people as far as i could throw them. I wouldnt sit down with them. You could sit there and ask questions for 50 hours, ask the same thing a thousand times and its like, oh, the commas different here, weve got you. Its weird, the commas different here. It was donald trump who repeat lid changed his story about the trump tower. Meaning none of it having to do with a comma, an exclamation point or even a semicosemicolin. Whats your thought . These are federal prosecutors. Top leadership of which donald trump, the president himself, appointed. Look this is part of the trump strategy. To malign our public serviee se. You only malign Public Servants if you have criminal activity under your belt. We knew this was coming. Releasing this eternal report detailing allegations of misconduct by the fbi and justice department. Officials leading to the 2016 president ial election. What are you anticipating here . Well, i think this is oversight of the justice department. I think thats all well and good. I dont anticipate this having anything to do with the legitimacy of the mueller investigation. There might be some comments about how mr. Comey handled his public statements leading inin the election. I think rosensteins initial memo justifying the decision to fire comey was probably i would think consistent with some of those conclusions. They dont have the subpoena power. They dont have access to the same full amount of an investigation that a criminal investigation would. So its a snapshot. As ned mentioned, the attack on the justice department, the attack on criminal investigation process, that is a bigger threat. More broadly to the integrity of our democratic system. Thats something i think we all need to keep an eye on. All right, thank you all. Were going to leave it there. Were going to take a quick break. We got a lot more to cover. You are watching msnbc live. Look where we are, in our nations capital. Find the remote yet . Nah. Honey look, your old portable cd player. My high school rethainer. Oh dont. Its early 90s sitcom star dave coulier. Cut. It. Out [laughing] what year is it . As long as stuff gets lost in the couch, you can count on geico saving folks money. Fifteen minutes could save you fifteen percent or more on car insurance. To give you the protein you need with less of the sugar you dont. Ill take that. [cheers] 30 grams of protein and 1 gram of sugar. New ensure max protein. In two great flavors. Weve got some breaking news at this moment. The pentagon preparing former guidance on suspending military options with south korea. For more, lets go right to nbcs hans nichols at the pentagon. What does this mean . The key word is suspending, not kabs lation. This is the pentagon getting in line with President Trump who announced that these military drills would stop. The key thing to look for in this announcement is how far does it go . Does it just have to do with military exercises on the korean pa numbers la or is it across the entire asianpacific region . Because so much of what the pentagon does is training. Yes, its a planning organization. Its a war fighting organization. As we see it in the middle east. Fundamentally, it is a training organization. And thats why President Trumps comments from singapore took so many aback here because what they do here is train. If you dont train, you dont have a ready force. That is the core of what they like to do here. How do you think allies like south korea are going to react to this . We heard from victor cha the morning after saying south korea was completely surprised by the president s statement. South korea has in the past suggested this and its not entirely out of line you would do what you call a freeze for freeze, which is to say the u. S. And south korea freezes their military operations in response from something from the north koreans. The august exercises that are scheduled is something called ochi freedoms guardian. Thats basically a tabletop exercise. A fancy way of saying comb putser simulation. The bigger ones are the ones that happen in the spring. Thats when they do amphibious assaults, all kinds of training. Calling that off, thats at thing well look for, whether or not this is an indefinite suspension, calling that off is bigger. If you have a few cycles without training, what officials here will say theres no point in actually having an alliance. To maintain it isthe alliance, have to have interoperainterope. These exercises cost 1 billion. So on a daily basis, theyre spending 2 billion. Its amazing that the president is saying its all about finances here. The math doesnt add up. Secretary of state mike pompeo, hes meeting with chinese president xi jinping. Tell us about that because xi jinping must be thrilled about this. It was the chinese that floated this idea of last summer. Right. It was the idea if you have the u. S. Military and south korea stop doing these military exercises, you might have the space for negotiations. In a way because of the olympics, thats what happened. The pentagon, when they suspended those exercises in april and march, they didnt use the word suspend. They said delay. They said theyre simply doing it to deconflict because they didnt want to have too many forces on the ground doing this when you have the plix going on. That crew its yaed the space for these talks to really take off. In some ways, it was the chinese suggestion of a freeze for freeze which ultimately became part of the bargaining position. And President Trump, as he said, he said this up front, hes going to go ahead and call off what he calls war games, which they insist here are military exercises. They insist here. When you say they, you mean the pentagon . I mean pentagon officials, military officials do not like the term war games. That is across the board. Because they say these are defensive in nature. War games means youre planning for some sort of, as they say here, kinetic action. At the same time, lets not get too caught up in euphemisms. A bunch of battalions moving, its meant to be a signal. And its the same thing when they bomb ranges in south korea. Theyre leading the north koreans know this could be use. The term of art they use here though is military planning and military exercises, not war games, stef. General mattis has his work cut out for him. Hans, thank you so much. Coming up, were getting our first look behind the closed doors of americas largest detention facility for Migrant Children. Separated from their parents when they cross the border. Heres my question, mr. President , why . Dear future us, we have a mission to help hand everyone a better world. Thats why we, at the cocacola company, make shore breaks with actual coconuts. Tea, organically. Treats for celebrations. Water with added minerals for taste. 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We were looking for a bank to provide a safe and Efficient Technology platform to pay our farmers. Citi was the only one that was able to ensure that this was done seamlessly. And today, at the touch of a button, all the farmers are able to get their money, Pay School Fees and improve their standard of living. With citi, we see a Bright Future for our farmers and their families. Now to the thousands of children who have been separated from their parents along the southern border and packed into dozens of shelters. Ever since the Trump Administration announced a zero tolerance policy that separates undocumented parents from their kids, the number of kids in government custody has spiked. Right now the hhs is housing more than 11,000 Migrant Children and that number is getting bigger every day. In fact, those shelters are so packed right now that the government is reportedly looking into building, talk about budget, building tent cities to accommodate the overflow. Msnbc got an extraordinary firsthand look at one of those shelters, a converted walmart. Jacob, talk us through this. I read your twitter feed last night and it was stunning. Some of these kids are 10 years old. The images weve seen, i know you couldnt bring any cameras in. You were not allowed to tape any of it, anything weve seen, the government has provided. This doesnt feel like were in the united states. Yes, and thanks, because i saw you shared that last night. This is a story that needs to be told and needs to be shear ared. Ive been inside federal prison. Ive been inside county jails. They call this a shelter but effectively these kids are incarcera incarcerated. These kids are inside this former walmart. There are more children in there now than there have ever been before. The department of health and Human Services invited us inside because i think they wanted to show us relatively speaking how good the conditions are. There are licensed professionals in there that are taking care of the children. There are not cages. There are not fences that have been described at some of the Border Patrol station. But the reality is these kids and an increasing number of them are alone because they were ripped apart from their parent because of the zero tolerance policy from the Trump Administration. They walk out there on the yard and theyre only outside were showing the outside pictures. Theyre only outside for two hours a day. Theyre inside a former walmart 22 hours a day for around two months, if not longer. Its jail or prisonlike conditions without the cells is the best way i could describe it to you. What was the environment . What was the tone . When you and those kids looked at one another . Well, check this out. So when you go in, an official from the shelter says to you, to me, please smile at these kids, they dont see people from outside all that often and they feel like animals in cages being looked at. Which was shocking. To actually hear from them. Because there arent cages in there. But thats the vibe. That is what these kids are going through on an everyday basis. Its organized chaos. They have structured time to do everything. But its a bunch of 10yearold to 17yearold boys without parents or family. And its one staff member at the shelter for every eight kids. So, i mean, just by virtue of the numbers, its an overwhelming experience. Even though theyre going to class six hours a day and they get to go outside and meals, its bleak honestly is how i would describe it. Well, whats the plan . Where are they supposed to go from here . Theyre supposed to be matched with a sponsor and then the sponsor is supposed to pick them up and then they go to Immigration Court hearing. We know many of the sponsors dont show up for that Immigration Court hearing. The change now, again, in this selfinflicted crisis as our colleague has put it by the Trump Administration, many of these kids, an increasing number are unaccompanied minors that are ripped apart from their parents. Their parents are in federal prison. They got to figure out where their parents are before theyre able to reunite and get out. They dont know if theyll be deported. All because of this new policy by the Trump Administration thats designed to deter people from even trying to get into the country, which critics say doesnt even work. My goodness. All right, jacob, stay with me. Extraordinary reporting. I really appreciate you doing this. This is a story that needs to be told. I want to bring my panel in. Robert costa, National Political reporter for the Washington Post. Also the moderator of week week on pbs. And my old friend, brendan greely, editor of the research note, all we know so far. I dont even understand why this is happening. He doesnt get a lot of attention but think about whos still inside of the white house, steven miller. You of course have President Trump is his boss. They believe in hardline conservative immigration policy. As much as Congressional Republicans and some moderate republicans on capitol hill are talking about taking action on daca or moving forward to a more centrist position on immigration this administration, this white house, continues to push for these sorts of policies. What is this immigration problem that theyre talking about so much . Because thats what i dont understand. There are these two narratives out of the administration that im confused by. On one hand, the president greatest jobs ever, full employment, and on the other, look at those mexican immigrants stealing our jobs. So which is it . If these mexicans are stealing j jobs, how is it that everybody seems to have a job . Thats a rational question. Because there isnt one. Theres no rational policy here. Ultimately this is what is happening in jacobs robert, and im so glad that he has been all over our air waves talking about this. This is an out of body experience. Watch i watching these pictures. Listening to his reporting. Thats not the america i know. Im wondering where is the shame. Where is the outrage from capitol hill about whats happening . Where are the calls for hearing . Where is the party of family values . Nancy pelosi said where are people of faith. Okay, for completely perverse moment, take humanity out of it. Brendan, lets go economics. You do have six Million People in this country that do not have jobs. You have lagging wages. Those people need to get retrained. And look at the amount of money that has been spent fruitlessly on this for no reason. It solves no problem. Im slightly more cynical than you are about this if thats possible. Im not cynical at all. I think were carrying out a policy perfectly designed to suppress wages in america. What we know about immigration, we know 11 million undocumented immigrants is the best guess we have. Is that its lack of documentation that drives down wages. Theres about a 20 gap. Theres almost no gap between documented immigrants and naturalized make it clear, when you have no papers, you can be paid almost nothing. So thats how that works. So what weve done now is weve made it almost more difficult for people to be undocumented in america. Which gives employers even more pressure over them. If we really want to solve this problem, where are the rest of the employers, right . Why is there not a raid on absolutely anyone who might possibly employ an illegal immigrant and why arent they being arrested . Lets actually solve the problem. What this is a lack of honesty about who does the jobs in america. A great point. I want to bring you back in. You were saying earlier there are more kids expected. As this grows, hows the court going to keep up with this . You have these massive court cases. You have these undocumented immigrants coming in. And then these people are being remanded to the u. S. Marshals service. Somebody said, quote unquote, its ridiculous how many people are coming in here. Its just not sustainable. I want to go back to something you talked about earlier. The president s justification for doing all this stuff, undocumented people are bringing drugs. The violence is pouring across the border. Look at the reports from our own dea that says spillover violence is not a credible threat in the united states, despite the fact theres drug war violence that happens on the other side of the border. We talk about drugs that are coming. We need a wall to put up a wall to stop these people from coming in. Drugs come through the legal ports of entry. And then people coming in for work, the Border Patrol chief in this sector told me half of the people coming in here are not coming as economic refugees or migrants. Theyre coming to seek asylum from dangerous street gangs like ms13. Which by the way, Jeff Sessions said is a culture yes, he says theres a culture of violence in central and south america. Ms13 were created in los angeles and deported to those countries and thats what people are fleeing from. Wow, all right, robert costa, youre saying look inside the white house and pointing to steven miller. Outside the white house, Corey Stewart, antiimmigrant platform, wins in virginia. Stephen king, retweets a neonazi. Paul ryan, undercutting a daca solution. Steve king, excuse me, steve king. And you got paul ryan undercutting a daca solution. So you can point to steven miller, but wheres congress . Wheres the Republican Party . We have a front page story in the Washington Post about how President Trump has a total grip over the gop. If you think immigration policys going to change it all, think again. Inside the white house, on capitol hill, theyre already preparing this fall with the upcoming spending bill to have a major showdown over the border wall. Theyre looking to ramp up on these sorts of immigration policies, not wind down. How does he have a total grip . A guy like mark sanford doesnt win . If the Washington Post asks you to do something reprehensible, you say no. The Republican Party is just saying, im going to keep on rocking under this . Yes, no, thats exactly what theyre saying. Keep in mind, the loss of congressman sanford is huge because its not like he was a middle of the roader or someone this is a great point. This guy was a not a far right but a conservatives conservative. A republican from south carolina. Open up the dictionary to republican, his face among a lot of others used to pop up. You have a popup dictionary at home . Just about republicans. Maybe. Yes, just about republicans. Really exciting dictionary. In the three you mentioned three name, steven miller, steve king and speaker ryan. Corey stewart. And Corey Stewart. Im going to leave off speaker ryan. Steven miller and Corey Stewart what were talking about are people who are pushing white supremist ideas. Thats why immigration is being pushed so hard. When the Republican Party can rally behind in virginia, Corey Stewart, a white supremist. One, we shouldnt be surprised. The president ceded the moral authority of the oval office by siding with White Supremacists in charlottesville. So the fact that mark sanford got defeated, the fact that Corey Stewart won, shows that yes, robert is right, our story is right, this is now no longer the Republican Party. President trump it is the party of donald trump. Many sides. He said the same thing when asked about kim jongun and human rights violations. Many people do lots of bad things. No other country does things to their people as bad as north korea. Brendan, last point. We keep talking about immigration policy. I want to make clear whats happening there on the border is not policy. Thank you. It is theater. If we were whom . I dont know. But evidently they seem to know their own voters. And what kind of its not policy. We need to openly honestly address it in the united states. Do we need a guest worker progr program . Its not my preference but we need to talk about it. This is detaining people who are applying for asylum. And their children are being torn from them at the border as theyre arrested for what is, by the way, a misdemeanor, crossing the border. You say for whom. The voter, the republican voter who elected Corey Stewart as their nominee and kicked out mark sanford. Thats for whom. Were going to leave that there. Up next, money, power, politics. The Interest Rate slightly up 2 as they try and return to a normal level. If the economy is so strong, why are they taking their time . This is another one that just doesnt make sense to a girl like mae. Alice is living with metastatic Breast Cancer, which is Breast Cancer that has spread to other parts of her body. Shes also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptorpositive her2 metastatic Breast Cancer as the first hormonal based therapy. Ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. Patients taking ibrance can develop low white blood cell counts, which may cause serious infections that can lead to death. Before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. Common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. Alice calls it her new normal because a lot has changed, but a lot hasnt. Ask your doctor about ibrance. The 1 prescribed fdaapproved oral Combination Treatment for hr her2 mbc. Like nothing you, ncy or she, has ever seen. Filets of 100 real natural chicken or seafood. Handcrafted, and served any way she wants. Purely fancy feast filets. Love is in the details. The one part of the economy that has been lagging is wage growth. We all talk about great unemployment numbers and 3. 8 unemployment is a great achievement, it really is. But we still have about 2. 7 wage growth with about 2. 5 inflation. You know what you just heard right there, its called the truth. In todays money, power, politic, that was gary cohn, the former economic adviser to the president. Its easier to tell the truth when youve got former before your name. The Central Bank Points to two more increases by the end of the year. This comes as the president in recent weeks has touted the Strong Economy as the greatest in this countrys history. Brendan greely back with me to discuss. Gary cohn also said that trade deficits dont matter. That a Global Economy and global trade is good for us. So help me with these two things. The president , sarah sanders, theyre saying the economy is the greatest ever. If its the greatest ever, then Interest Rates should rise. The only reason theyve been held so low for so long is because we were coming out of a financial collapse. Not only that, on tough what youre saying, the fed said we still think its accommodative. We think were helping the economy. Its not just that were rising as fast as we should. Why is it that we need this if this is greatest, strongest . The same thing has been happening. The fed has been studying what unemployment really means. It turns out its not just the topline unemployment rate, right . What people want is to have fulltime jobs when they only have parttime jobs. They want 40 hours a week when they can only get 30. Its not just about whether or not you have a job. This takes you to wage growth. Its one thing we rarely hear out of the administration because that numbers lagging. It has been lagging since before this administration but this administration hasnt fixed it. So right now its 2. 7 . At this point in the cycle, given how good all the other numbers look like, given business investment, all of this, it should be 4 is where wage growth should be. And its not. We need to be asking ourselves harder questions. When Companies Got these massive tax cuts, if im a ceo or an executive or somebody who owns stocks, im in fat city. Its people in the middle and bottom who say i need this wage growth. Where is the trickle down . Lets talk about walmart. So walmart raised its wages, starting wage is now 11 an hour. They also said they were going to provide college tuition. What theyre providing is job training in supply management. I read through the investor meeting. There were two employee proposals to the investor meeting for walmart last month. Both of them were about predictable 40 hour weeks. People cannot pay for child care. They cannot plan for child care because they never know when theyre going to have hours. They dont know when their shift is. They cant take a second job if they cant get 40 hours because they dont know when their shift is. And whats going to change that . The fed is doing what youre hinting at. The fed knows theres still plenty of what we call slack in the labor market. Theres still plenty of help for employees. But just by not jacking up Interest Rates, youre not theres not a direct lever to raise wages. Everything that the fed does, its a blunt hammer. Congress can fix this. Congress could pass a law and say if you want to employ someone, you got to give them a predictable schedule. The fed does what it can. Thats a sledgehammer. Weve got a scalpel right there on capitol hill and were refusing to do surgery to prevent some of these abuses. A little girl power news. Good news rules a little early. General motors has a new cfo, divia. She makes General Motors the first auto company in history to be led by two women. That is a great stat. There are still more men leading fortune 500 companies. But im going to take this baby step as a win. Its time to get outside and experience more adventure with audible. Audible has the Worlds Largest selection of audiobooks and for just 14. 95 a month you get a credit good for any audiobook. If you dont like it exchange it any time. No questions asked. You can also roll your credits over to the next month if you dont use them. With the free audible app adventure goes wherever you do. Start a 30day trial and your first audiobook is free. Just text listen17 to 500500 to start listening today. Im 85 years old in a job where. I have to wear a giant hot dog suit. What . Wheres that coming from . I dont know. I started my 401k early, i diversified. Im not a big spender. Sounds like youre doing a lot. But i still feel like im not gonna have enough for retirement. Like theres Something Else i should be doing. With the right conversation, you might find youre doing okay. So, no hot dog suit . Not unless you want to. No. Schedule a complimentary goal Planning Session today with td ameritrade®. And butch. Aura. And tank. And tiny. And this is lauras mobile dog grooming palace. Laura can clean up a retriever that rolled in foxtails, but shes not much on articles of organization. Articles of what . So, she turned to legalzoom. They helped me out. She means we helped with her llc, trademark, and a lot of other legal stuff thats a part of running a business. So laura can get back to the dogs. Would you sit still . This is lauras mobile dog grooming palace and this is where life meets legal. We turn to our made in the usa series. When the family imfwrat cmigrat they were determined to create their own American Dream but after a trip to haiti they found the massive Impact Technology can have. The family created bak usa, a social enterprise on a mission to make mobile technology more accessible to schools and Small Businesses. They are all doing it right here in the usa. Joining me now christian andava bak. You are inspired to start this company after helping with the devastating earthquake in haiti. Tell me about it. As a family in 2010 as you mentioned we went to haiti to try to help. What we found and what we learned from our experience there is that in order to help the best way to do that was to create sustainable employment. Then we went to buffalo and replicated the model here. Buffalo. Help us out because Companies Like apple who has quite a bit more money than your team said it is too difficult to manufacture their devices here in the u. S. What is your secret . I think that is a great story and i thank you for asking me. It is part of a larger Strategic Vision which is to focus and bring our modern manufacturing model to really help the cities serve themselves. We want to focus on rejuvenating series. If you look at it that way buffalo is an almost obvious choice. It has Great Community support, dedicated workforce. We have seen individual support through our backer who is from western new york who supported us for nearly 3 1 2 years. It has been a real fortunate thing that we chose buffalo. Your company isnt just buffalobased. You employ people from more than 20 different countries. Is a Diverse Workforce intergrl to your mission . Absolutely. We really wanted to go back to the American Dream of creating this very Diverse Group of people. We are all working towards one goal together. Every day we are just so lucky to see these people working together, getting along and really being a team which is just amazing especially when you look at Everything Else that is going on in the world. Each technician i learned build the computers and tablets from start to finish. You dont use an assembly line. Talk us through this because your goal is to build the devices and tablets for Small Businesses and communities. Take me from constructing them to the hands. That is part of the larger modern manufacturing strategy we have. We use what is called cobots. It is a cellular system where each person is actually working with a robot and really the robot is serving them, not the other way around. I think we have seen enormous advantages of that model not just from an hr and human perspective. We obviously want to bring humanity back into electronics manufacturing. Also the small tweaks that we can make for each individual customer so when our product lands on their dock or table it is ready to go and they dont need to have a huge i. T. Team customizing the products for them like they probably do with some of our competitors. Do you have fears or concerns about impending trade war or the president s take on trade . No. So we are a private company. We are trying to, of course, stay up to date about what is going on in the world and in america. Right now we dont have great concerns. Do you have anything to add . I have one concern which is the made in the usa designation is probably our biggest problem. When we ship overseas we are proud to label products as made in the usa. When we ship domestically that is not possible which means when our technicians are putting together products of high quality and built to the American Standard they are not able to faithfully put on the device that this was made here and not just assembled with foreign parts. I think that is a huge issue that we need to tackle going forward. Hopefully we will. Extraordinary story. What a company. That is the American Dream. We just had two bits of good news and you know i will give you more because we always end this show highlighting good news because my team, we think good news rules. This young man rodney smith is on a mission to serve those in need. The 28 year old is mowing lawns this summer for those who cannot do it themselves, elderly, single moms and veterans. His philosophy, if you are able you can make a difference. His hope is to mow lawns in all 50 states. He made it to state number two. It will be a hot summer. He is on the road with that mower. I hope you stay hydrated. I wish you well. That is one great american. I am stephanie ruhle. You can find me all day long on twitter. I will head to get Business Done so i will not see you at 11 00 but i will hand you off to my friend chris jansen in new york. Have a great afternoon, productive one. Good thursday morning from new york. Im in for hally jackson. Big decision out of the pentagon. Officials prepping to stop military operations with south korea just as the president promised and those plans could come as early as today. We are also watching today the potential flipping of the fixer. Nbc news confirming Michael Cohen expected to split with his lawyers. What it could mean for any cooperation with fellow prosecutors. The white house watching that. A major new report dropping today about fired fbi director james comey and the Hillary Clinton email investigation. That report finally ready to go public. A lot going on. Lets start with big news out of the pentagon. Multiple sources confirming preparations are underway to cancel long standing u. S. Military drills with south korea. These changes, one of the promises President Trump made to kim jongun, a decision that prompted a lot of concern, a lot of confusion and new questions about americas commitment to longtime allies. Also right now on capitol hill the senate is holding a hearing on the nomination of harry harris to the ambassador to south korea