Transcripts For MSNBCW MSNBC Live With Velshi And Ruhle 2018

MSNBCW MSNBC Live With Velshi And Ruhle August 1, 2018 15:00:00

Coverage of national and international news, including breaking stories. Special counsels case. Then he called gates honesty into question. But charges were brought against manafort before gates agreed to cooperate with the special counsel. Many of the initial charges were based on missing Tax Documents and bank statements. Manaforts lawyers Accused Gates of embezzling money from the pairs Lobbying Firm during work with the ukrainiian politicians. Attorney prosecuting said the republican operative created cash out of thin air. Prosecutors ticked through some of the 30 million that he allegedly wired to the United States without declaring or paying taxes. Spenzing on things like moment renovations and clothes at stores in new york and Beverly Hills where he spent nearly 1. 5 million. Including a 21,000 watch, and a couple levels. We have a federal Criminal Trial of the president of the United States former Campaign Manager on tens of millions of dollars of fraud. Thats a huge deal. Paul manaforts liberty is at stake. But bigger picture, this is an important moment for the mueller team. If they win, and i suspect they will, if they pull out a conviction, its an important step towards legitimacy and credibility. I think it will undermine the cries of rigged witch hunt. If they hang or lose, count on the rigged witch hunt crew coming out and dancing on the grave and doing a victory lap. You, as a former prosecutor think back to i was talking to stephanie, about the Enron Trial By was a detailed Financial Crime trial which by the way failed because the jury found that very complicated. They subsequently held a second trial which was a little more salacious. But they got lost in the patie paperwork. Thats a great comparison. Defe defense we heard yesterday is similar. Everyone did it but me. Somehow, all the underlings knew, and rick gates knew but manafort, the guy who started the business, was the boss and made the money, i didnt know but Everyone Else did. Other comparison i think, you nailed it, there is a defense of lets just confuse everybody to death. Lets just tell the jurors this is too complex, theres too many accounts. Too many documents. Jury, just throw your hands up and say you cant figure it out and go home. Ali, you nailed it. Great comparison. Thank you. Great to see you as always. All right. Moving on this morning. President you wont believe it. He went on a twitter tirade. Jinx. Calling russian collusion with the Trump Campaign a total hoax. But as his own intelligence chiefs continue to say russian attacked our elections, are not a hoax. On tuesday facebook revealed it found a quote Covert Campaign to spread divisive messages. Facebook says it identified similar tactics used by the russian intelligence controlled Internet Research agency during the 2016 election. It focussed on influencing leftleaning issues then. Senate Intelligence Committee ranking said it was briefed. But there is more than what facebook released publicly. Which is kind of interesting. Joining us now is nbc Business Reporter who has been on the story for a long time. Ben. Can we clarify one thing. When we say the russians are back, are the hacking is back or influence, it never left. Never. In fact its changed. Its morphed. What is this now that facebook has said that is has discovered and suspended . So, what facebook did yesterday was identified over 30 new pages that they identified ongoing Russian Operations trying to influence on smaed ya. And they shed us example ads from these accounts that were drawing people in, into different groups based on their identity, based 0en whether they were into proleft resistance. But narrowly. Very narrow interests. Very narrow interests, ranging from another kind of problack Activism Group to a mindfulness group. Interestingly enough. And prohispanic and south American Heritage group. What they did is once they were in the groups, once they gathered them, hey, do you like these Different Things . They would start to drive motre Divisive Political messages at them. What we discovered is facebook showed us sort of superficial samples yesterday of ads for these groups. But my colleague and i went into the Web Archiving and found samples of these pages before facebook took them down and there were far more incendiary content that facebook did not show to us in this sort of partial reveal. Its 30 accounts that they found. Is that limited to 30 . Or could it be 300 . And they havent found the rest yet . It could be a million. Only facebook knows whats happening, and to what degree. They apply the limited sort of Search Method based on linking Internet Research agency, the russian Patrol Farm Page Administrators to those who are temporarily heads of the pages. That was the method they used for detecting it. But we cant know what we dont know. There could be many more out there still active. There is still no concerted coordinated effort on the part of the american government. If we looked at this type of attack from a foreign agent, like if another country were sending bombs here, our government would get on the same page. Its extraordinary that were not on the same page here knowing how damaging this is. Seems like no one knows how to fight this cyber war. If there was shut it down. If you shut facebook down what about sanctions against facebook. Thats not being discussed. When is someone going to drop the hammer and talk about holding the companies liable for the information in a is exploitsed on their platforms and they are profiting. Theyre getting money. Ali, i say to you, if i sold a drug and there were a few bottles that were contaminated, what i would have to do is pull every single bottle off the shelf. Until we sort this out. Facebook is saying well we dont know which pages. Take them all down until you figure it out. This is a massive problem. It doesnt feel like a bad drug. That gives you a disease or kills you. This is a sort of a feels like a soft blow. Infiltrating the politics. Exactly. One of the events was tied to the charlottesville protest. And remember, someone died there. 19 people injured. These are not just, these are post, weird things. Theyre trying to drive people to real events. One thing we uncovered is they were telling their follow 0 ohhers, bring helmets, bring goggles, take the day off work. Bad drug analogy. Im not saying its not a huge problem. But heres the thing. Mark zuckerberg, they have a huge amount of money because of this company. Thanks for the great reporting. All right. President trump is now saying that his tariffs lead to more jobs. For facts sake were going to break down his claims from the speech in florida and explain why they dont. First its time for the tax cut. Trump administration keeps saying regular americans are cashing in because of the Corporate Tax cuts. Well, theyre not. But you know who is . Corporate executives. It is because companies are using tax cut savings to buy back their stock and executives are taking that opportunity to make some money. Were going to name names. Here are major winners. 250 million worth of shares in her company. Master card ceo sold 44. 4 million. East marijua 5. 4 million. Theyre not truckling down to workers. Not yet anyway. Theres always hope they will. Heres the thing. Were not saying buybacks are a bad idea. They help the shareholder. It might be a smart move when you have a lot of cash on the balance sheet. But please, help us understand, when the Corporate Tax cuts were enacted, Steve Minute N he sas to trickle down to the worker. We are not seeing it happen but keep asking about it. There is no trickle down economics. Youre watching velshi ruhle on msnbc. S your wakeup call. If you have moderate to severe rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage. Ongoing pain and stiffness are signs of joint erosion. Humira can help stop the clock. Prescribed for 15 years, humira targets and blocks a source of inflammation Coverage of national and international news, including breaking stories. When gains are offset by losses in other industries, tariffs dont look for great for all of america. Tariffs and retaliation could increase employment in u. S. Steel and Lum Mum Manufacturing by an estimated 26,000 jobs but the same report found those 26,000 jobs come at a cost of almost wait for it 500,000 jobs across the rest of the u. S. Economy. A net loss of nearly 470,000 jobs. There are groups that have broken out job loss. Auto industry seeing between 18 to 40,000 lost by the end of next year. With tariffs on solar panels, the industry could see 23,000 jobs lost this queer with moyea cuts to come. Might result in the loss of 134,000 jobs. 67,000 of those when the agriculture industry alone. There are plans in place for a 12 boost to assist the Agricultural Sector but if the Trump Administration compensated losses across all industries, that price tag could balloon to 39 billion. Now a National Correspondent for the Washington Post who has written about this. Phil, you had an interesting article here for a two Track Strategy for donald trump saying hes managed something interesting. On one side hes got sort of traditional republican theory. Favorable tax policies, probusiness. But hes also stoking the fires of a cultural war which affects lower Income Workers who are not getting the benefits of his financial stuff. The rich get richer and the poor get distracted by the culture war the president has created but his policies are only hurting them. Thats right. This Isnt New To Trump as a strategy, but he has come close to perfecting it and embodies it. He likes to see himself as a blue collar guy despite living in trump tower. If you see how he approached the farmers and rolled out this 12 billion bailout. He said he asked them to be patient. Which is a remarkable thing for him to ask of people who overwhelmingly supported him in the 2016 election but at the same time news reports he wants to slash Capital Gains taxes. An obvious benefit for the wealthiest of americans. Here whats interesting. Hes asking them to be patient. Every day we have Vaughn Hillyard out there. Workers for some reason are giving him the benefit of the doubt. What hes doing is being good at stoking the partisanship. A fascinating study in which they asked Trump Supporters why do you support him . Because of the way he approaches his job or because of his policies . By 41 margins they say they liked his approach, personality, fights liberalis and democrats. It was brilliant when he was on the Campaign Trail, he had the audacity and smarts to say im going to attack Income Inequality headon and solve it. Here we are 18 months in and his policies have only exdisaster baited it. When you look at the tax cuts we have less in the coffers and Treasury Department is borrowing more. If we adjust Capital Gains tax its going worsen it. He came on the Campaign Trail making lots of promises along those lines. Saying hes going to protect medicare and social security. Everyone had health coverage. He said all of these various things which have been completely undercut or substantially undercut. But hes never been more popular with republicans. Reason why is because he knows what buttons to push. Let me ask you this. We often say these policies are not helping that very base. But if youre fighting that cultural war. If thats important to that base, maybe you are being helped. Maybe the endless fight against liberals is meaningful. Its not economically meaningful. He is going to those towns and cities and speaking to them and having rally there is in places where people hadnt gone for quite sometime. Thats true. If the choice that hes asking people to make is between the Ret Forric He had on economics on the Campaign Trail and the way he presented himself as someone coming in to bust up the elites in washington, if the ratter is more important, thats it. Hes undercutting what ali, while it might be threading the needle. He is stoking these culture wars that his base loves, but what republican dounors. Coke brothers. Could it be brilliant, or a very bad move. Were going to break down how powerful they are by showing you all the ways they touch your daily life through the assive empire, everything from your car to your home and backback. Brothers could walk into the trump hotel, pay for it in cash. Not a room, the hotel. Youre watching velshi ruhle. Be right back. When did you see the sign . When i needed to create a better visitor experience. Improve our workflow. Attract new customers. Thats when fastsigns recommended fleet graphics. Yeah now business is rolling in. Get started at fastsigns. Com. Yes. It intensely moisturizes your hair and scalp and keeps you flake free. Manolo . Look at my soft hair. I should be in the shot now too. Try head and shoulders two in one. To keep our community safe. Before you do any project big or small, pg e will come out and mark your gas and electric lines so you dont hit them when you dig. Call 811 before you dig, and make sure that you and your neighbors are safe. K charles koch and until his recent retirement, david koch are major republican donors. They run to help electric republican the. Its been recently critical of President Trump who has characteristically shot back at them. This isnt about billionaires battling each other. Koch industries is a Massive Empire touching everyday lives in ways you may not even know. Meet jane. Lets follow jane through her day as she interacts with the products. Jane wakes up, had a good nights sleep in her mattress made of memory foam which is a koch product. Sh she swings out of bed walked across the carpet made by a company that uses fibers that are a koch product. Her work out shirt and pants from a material made by invista. She gabs jeans, maybe jd williams or hollister marketed as having a technology from vista. Jane makes sure the kids take backpacks. Regardless, they have Cordeira Fabric made by invest ta, a koch company. Now its time to get to work. Windshield is made of a glass. Paint produced by a company and belts running the engine. Divisions of guardian industries, which is a koch company. At work, more Guardian Glass on the building good for temperature regulation. The hardwood floors, Georgia Pacific wood, another koch brand. Zip ties sorting the cables from the computer, also made by invest ta, a coke company. By the end of the day errands to run. Picking up bread and corn. Wheat and corn using koch fertile identifieder. Nice house. Frame made of Georgia Pacific lumber. Usb hub is made by mole lex, a koch company. As the evening gets later she makes sure the kids are in bed, goes back to the room walking across the koch produce the carpet and gets into the bed with the memory foam exhausted from another long day and not to get too personal i didnt mention toilet paper, which, by the way, in most cases will come from a koch produced company. For a company why. Taking it to a new level. A lot of koch stuff in our lives. Who anyone who never knew the spelling of the name and assumed they were behind the soda, wrong. Ceo of canary and oil Drilling Services company. Dan, you have worked with the Kochs On Political Issues for quite a while time. Is it a good idea to break with the president . First is the table made by it might be. I dont think it is. I think theyre getting a lot of what they want out of the administration on the tax reform and traditional appointments. Regulatory role back. I think hes a winwin. I think they disagree on trade and immigration, but, no ones perfect and youre not going to get 100 . No ones going to get 100 of what they want out of the government. I question their strategy and what exactly theyre trying to accomplish here. You mentioned something in the break. That was something you look back at the last election and sanders and trump did very well without the corporate contacts and super packs. During the election there were a lot of super packs and groups that backed President Trump. But are the kochs as influential and the group youre part of, are they inknew wen shall as they once were . I think theyre very influential and i think the president is a little bit astray. They have an enormous amount of influence and ability to energize people and amass donations. But i think theyre a little less important than they used to be. Kind of Donor Establishment is a little bit weaker than it was. I also think that this whole spat between the kochs and trump really shows trump is independent. Hes what the voters voted for. Hes independent and shaking washington up and really not a part of the old money establishment, so to speak. Hes

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