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Terms of the goals and ideas and polici policies. he wants this group leaders to focus on. he focused on trades and trades is what he leads on. >> the stylistic were better but he brought nothing to the table. the one announced today, some substance and the president was not everyone hen in the room. >> thank you, kelly, safe travels back. >> truhis team surveyed a dozenf sites for the summit. he also says he would not profit from the event.

$45 billion. in my opinion i am not going to make any money. i don't want to make money and i don't care about making money. >> oh, let's go back to china. that's where we left off with kelly o'donell. china wants a deal, china wants a deal. economists that i have talked to say that china has endured plenty of economic pain and they may not be in such a rush. and the fact that xi jinping is president for life. how does that complicate all of this? >> there is a deal to be had. one of the challenges for the president at the g-7 was communicating to leaders. do you have a path forward? is there ...

Back and forth where the president one moment wants to look tough and vindicate his claims in the campaign that he was going to bring china to heal and the other portray himself as a pro-business deal maker who's good friends with president xi and he likes me and i like him and therefore we can make a deal. that's not how international negotiations work. what we have seen is frozen business investment that rattled markets and economies around the world and that's one of the dangers that if you have an expansion like we have that's been going on for ten years, expansions don't go on forever and...

Interest rate cuts by the federal reserve. they missed the call and raised it too fast and too high. they should not have done the tighten and should not have raised it to the extent. we could have had the raises but nothing like they did. >> this is a trade war that should have taken a long time ago by a lot of president. i am the chosen one. somebody had to do it. so i am taking on china. >> joining us now. nbc news, correspondent, kelly o'donell and our chief john harwood. hope you guys got your notebooks out, there were a lot to cover. the media is trying to convince the public to have a r...

Over and over. if x happens, it will be a rocket ship. it is not likely to be a rocket ship. that's the way this president thinks and the way he talks. >> john, is consumer spending the sweet spot. he said earlier this week, consumers are flushed with cash. why would the president or the white house demulling the idea of a payroll tax? >> bingo. it does not makes sense nor does the yod idea of indexing capita gains as the current conditions we are in, that's not likely to have a significant effect either. the problem is jay powell has identified that business investment is weak and part of tha...