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Timothy o'brien. javier, when you hear 75%, but regulation will be just as good now, does that make sense? >> listen, here's what i do know, chris. when president obama took office on friday, the federal registry had over 89,535 regs on the book. if he could cut only 25%, we would be thrilled. by way of example, you look at the consumer financial protection bureau. here's an agency that can unilaterally create its own regulations, end for its regulations and punish those who don't follow those regulations. unilaterally without congressional oversight. the net effect it has choke out small and ...

All right it's time to make better sense of what we are being told. president-elect donald trump renewing his threat to impose a 35% tariff on american companies that move jobs overseas. what are the pros and cons of such a proposal? joining us is executive editor of bloomberg view and author of trump nation the art of being the donald timothy o'brien. now there are legal obstacles. we're not here to discuss those today. but if you don't have a general tariff the president probably has an authority to do a targeted tariff like this congress has never passed something like this. specifically. s...

Tim's pieces on bloomberg and elsewhere why retraining and investing in that and investing in those types of markets that create labor demand is the better move. but it's more expensive -- >> and tricky. >> tim o'brien, thanks very much. as always. alisyn? >> okay, chris. the conspiracy theory, known as pizzagate resulted in a north carolina man firing a gun inside a d.c. pizzeria. four other businesses in the area say they have been targeted, too. including a famous bookstore. so we will speak with its owners about what's going on there, next. but first, did you know the fresh fruit has a so-...

Clear that the president could be sued and a personal capacity. he is going to have to deal with that going forward. i think if he isn't going to sell this business empire, there is going to be nothing but litigation for the next four years. we went through that with bill clinton. we don't need to have that, again. >> let's look at some of those. there are pending lawsuits right now. the things you're talking about, richard, that could crop up sooner than later. there are lawsuits against celebrity chefs who backed out of the trump d.c. hotel. they didn't like when trump was saying inflammator...

Them. he's now defending his decision to settle a $25 million suit to end the fraud cases against trump university. he's tweeted, i settled the trump university lawsuit for a small fraction of the policy reward because as president i have to focus on our country. joining us with more timothy o'brien and richard painter, former white house ethics lawyer. gentlemen, thank you very much for joining us to help us understand what's going on here. so, timothy, donald trump just settled, as we said for $25 million. he says he never settles when he's in the right. can we assume he was not in the right...