UP 1.25%.
THE GAINS FOR THE DOW JONES
INDUSTRIALS, 309 POINTS.
FROM ALL THE THINGS SHE'S
TALKING ABOUT, THE
CONTROVERSIAL TARIFFS TO THE
PROGRESS, IF IT IS THAT WITH
NORTH KOREA, AND CERTAINLY THE
JOBS REPORT THIS MORNING, IT
FEELS LIKE FOR A DAY A BIG
MOMENTUM SHIFT FOR THE WHITE
HOUSE CONSIDERING WHERE WE WERE
24 HOURS AGO AND WHAT WE WERE
TALKING ABOUT.
WE HAVE MARKET WATCHERS AS WELL
AS BUSH 43 SPECIAL ASSISTANT
RON CHRISTIE.
I WILL START WITH YOU, RON, WE
SPENT ALL WEEK TALKING ABOUT
TARIFFS, REPUBLICANS HAVE SAID
THIS IS A TERRIBLE IDEA
ECONOMICALLY AND TODAY WE COME
IN, TERRIFIC JOBS REPORT, LAST
NIGHT, WE'RE ALL SURPRISED BY
WHAT HAPPENED WITH NORTH KOREA
IN THAT ANNOUNCEMENT.
IT DOES FEEL LIKE A LITTLE
MOMENTUM SHIFT.
WHAT DO YOU MAKE OF IT?
>> CONNELL, GOOD TO SEE YOU, A
WHIRLWIND THE LAST 24 HOURS.
CRAZY.
I WORRY ABOUT THE IMPACT OF THE
TARIFFS.
COULD THIS UNDERMINE THE GOOD
JOBS REPORT?
IT COULD HARM OUR ECONOMY IF WE
GO AROUND AND GET INTO A TRADE
WAR WITH THE EU?
IT WAS SMART THE PRESIDENT
EXEMPTED CANADA AND MEXICO, TWO
STRONGEST TRADING PARTNERS BUT
REMAINS TO SEE THE IMPACT WHAT
THIS WILL HAVE ON THE GLOBAL
ECONOMY.
>> WHERE DO YOU FALL ON THAT IN
PARTICULAR, IT IS AN ARGUMENT,
ERIN?
.
>> ONE THING IS HOW IT AFFECTS
THE CONGRESSIONAL RACE.
>> I'M GOING TO PENNSYLVANIA
MONDAY TO COVER THAT RACE FOR
US NEXT WEEK.
>> THE PITTSBURGH AREA
DISTRICT.
>> IT'S A HUGE STORY, IT HAS
BEEN.
SOME PEOPLE HAVE SAID THE
TARIFFS WERE TIME TO COINCIDE
AND HELP THE REPUBLICAN THAT'S
RUNNING THERE.
YOU ARE RIGHT, IT'S A BIG PART
OF IT.
WHAT DO YOU MAKE OVERALL, IT'S
A STRONG JOBS REPORT IN THE
MIDDLE OF EVERYTHING ELSE?
>> THE "NEW YORK TIMES" HAS A
NUMBER OF STORIES HOW GOOD THE
ECONOMY IS.
IT IS GOING GANG BUSTERS.
IT IS A GOOD WEEK AFTER A
TERRIBLE WEEK AND THE BEGINNING
OF THE WEEK WITH SAM NUNBERG
AND EVERYTHING GOING ON IN THE
RUSSIA INVESTIGATION.
>> SEEMS LIKE SIX MONTHS AGO.
>> THERE IS NO COORDINATION,
PAUL RYAN PUT OUT A STATEMENT
SAYING HE'S GOING TO FIGHT
THIS.
SO THE WHITE HOUSE COULD HAVE
DONE A BETTER JOB OF ROLLING IT
OUT.
THAT'S WHERE YOU MIGHT SEE
FLUCTUATION IN THE MARKET.
>> DAVID?
>> I WOULD FOLLOW WHAT SHE
SAID, THE COMMUNICATION IS
PROBABLY SUSPECT, BUT THEY'RE
STARTING TO WALK SOME OF THAT
BACK.
ONE OF THE KEY THINGS PETER
NAVARRO AND THE PRESIDENT
UNDERSTAND IS KEY DEFICITS ARE
A TRANSFER OF WEALTH.
EVEN WARREN BUFFETT CHIMED IN
ON THAT AS WELL.
>> IS THIS JOBS REPORT, IN
OTHER WORDS, IT'S NOT TOO GOOD,
IT'S GREAT ON THE HEADLINE
NUMBER BUT THE INFLATION NUMBER
IS NOT WHAT WE THOUGHT IT WAS
IN TERMS OF BEING AN ISSUE?
>> THIS IS A BLOWOUT NUMBER,
EXCITING NOISE FOR AMERICANS
AND STOCKS AND THE ECONOMY.
PROBABLY THE THING CAUSING THE
MARKET TO GO AS HIGH AS IT IS
TODAY, WAGES WERE JUST A BIT
SOFT, AND THAT WAS THE DATA
POINT THAT DROVE THIS DOWN AND
DROVE US INTO CORRECTION
TERRITORY A MONTH AGO.
>> ARE YOU GOING TO GO
GOLDILOCKS ON THIS ECONOMY OR
IS THAT A LITTLE TOO MUCH?
JUST RIGHT HERE AND --
SURPRISING TO PEOPLE TO SEE THE
WAGES NUMBER TO DAVID'S POINT
NOT BEING A LITTLE STRONGER.
>> AND I THINK THEY'RE REALLY
GOING TO HAVE TO FOCUS ON THE
MIDWEST AND THE SOUTH AND JOB
GROWTH AND THE RURAL AREAS,
THAT'S WHERE PRESIDENT TRUMP
FAILED TO FOCUS AND HE'S GOING
TO HAVE TO FOCUS THERE.
>> WHO WANTS TO TALK ABOUT
NORTH KOREA?
>> WE'RE ALL-IN, I THINK.
>> H.R. McMASTER MIGHT BE
LEAVING AND REX TILLERSON WAS
GOING TO LEAVE EARLIER THIS
YEAR.
THEY CERTAINLY CAN'T LEAVE NOW,
IF THERE IS ACTUALLY GOING TO
BE A MEETING WITH THE NORTH
KOREAN LEADER, THERE IS GOING
TO HAVE TO BE A LOT OF PREP AND
YOU CANNOT HAVE THESE BIG --
>> NOT A BAD POINT, IT'S A GOOD
POINT ACTUALLY, IT DID
LITERALLY COME OUT OF NOWHERE,
RON.
THE PRESIDENT PEEKED HIS HEAD
INTO THE BRIEFING ROOM AND TOLD
REPORTERS A BIG ANNOUNCEMENT AT
7:00 AND HE'S ACCEPTED THIS
INVITATION TO MEET WITH KIM
JONG-UN.
YOU WORKED IN THE WHITE HOUSE,
PRESIDENTS HAVE HAD
OPPORTUNITIES TO MEET WITH --
TO PREVIOUS HIS FATHER OR WITH
KIM JONG-UN WHEN HE TOOK OVER,
HIS GRANDFATHER.
PRESIDENT BUSH WHO YOU WORKED
FOR, 43, YOU WORKED FOR HIM.
WHY WASN'T IT A GOOD IDEA THEN,
WHY IS IT GOOD IDEA NOW?
>> PRESIDENT BUSH LABELED NORTH
KOREA AS AXIS OF EVIL.
IF YOU LOOK AT THE PRESIDENT
WITH THE PRESIDENT OF THE
UNITED STATES, IT GIVES HIM THE
LEGITIMACY.
>> ALL DOES THE ARGUMENT THAT
HEY, WE'VE TRIED THAT FOR
YEARS, LET'S TRY SOMETHING
DIFFERENT.
NOTHING WRONG WITH TALKING.
>> I WOULD NOT DO THAT.
SEND THE SECRETARY OF STATE IN,
A LOWER LEVEL OFFICIAL, I WOULD
NOT GO TO NORTH KOREA, I WOULD
GO TO GENEVA.
HAVING THE PRESIDENT MEET WITH
THE NORTH KOREAN LEADER.
>> WE'VE BEEN THERE, WE'VE DONE
THAT.
THIS IS A GOOD MOVE.
WE'RE ALREADY TELLING THEM, NOT
ROLLING BACK SANCTIONS,
CARRYING ON MILITARY EXERCISES,
NOTHING CHANGES.
THE FOOT IS STILL ON THE
THROAT.
THE FACT THEY'VE COME TO THIS
PRESIDENT, I THINK THIS IS
GREAT NEWS.
>> WHAT CAN WE -- LET ME ASK
YOU THIS, AND ERIN CAN WEIGH
IN.
WHAT CAN WE, THE UNITED STATES,
GET OUT OF THIS?
WHAT'S THE GOAL?
>> THE DENUCLEARIZATION OF THAT
REGION AND PENINSULA.
THAT'S THE ULTIMATE GOAL.
HE IS SAYING WE'RE NOT GOING
ANYTHING LESS THAN THAT.
I DON'T THINK WE HAVE A LOT TO
LOSE HERE.
>> HOW FAR WE'VE COME IN TEN
YEARS, AROUND TEN YEARS AGO
PRESIDENT OBAMA INSIDE A DEBATE
HE WOULD BE WILLING TO MEET
WITH ANYONE WITHOUT
PRECONDITIONS AND HAD TO GO
BACK AND DEFEND THAT LATER AND
STAFF FREAKED OUT.
WE SHOULDN'T BE SAYING THAT.
IT'S HAPPENING TEN YEARS LATER.
>> AT THE TIME, HAVE YOU
REPUBLICANS SAY YOU'RE NAIVE,
AND NOW SHOE'S ON THE OTHER
FOOT AND DEMOCRATS ARE
CRITICIZING THIS PRESIDENT.
GIVE RON CREDIT FOR BEING
CONSISTENT.
[LAUGHTER]
>> IT'S A GOOD THING.
>> ON ALL THESE ISSUES, TAKE IT
ISSUE BY ISSUE.
>> YOU DO.
>> WELL, YOU HAVE BEEN FROM THE
BEGINNING FAIRLY CRITICAL OF
THIS PRESIDENT AS A REPUBLICAN.
>> I HAVE, BUT ULTIMATELY GIVE
THE PRESIDENT HIS DUE.
>> WHAT'S THE BEST THING HE'S
DOING?
>> ECONOMIC POLICIES ARE
WORKING.
HE'S TAKEN HIS FOOT OFF THE
BOOT OF THE AMERICAN ECONOMY
AND IT'S THRIVING.
BUSINESS HAVE A LOT MORE
CONFIDENCE THAN THEY USED TO.
THIS IS A GREAT CLIMATE FOR THE
ECONOMY.
>> FOR DAVID AND ERIN AND DAVID
TAKE THIS FIRST.
THE END OF THE WEEK, A FRIDAY.
THE HUGE STORY, TWO BIG
ECONOMIC STORIES, ONE IS TRADE,
THE OTHER IS THE JOBS REPORT
THIS MORNING.
>> JOBS NUMBER ONE, CLEARLY.
WHAT AMERICANS CARE ABOUT.
>> DOES IT OVERRIDE THE OTHER
EVENTUALLY?
>> CERTAINLY DOESN'T.
>> ERIN?
.
>> I'M WITH HIM.
JOBS REPORT.
>> WE'RE FINISHING ON AN
UPNOTE.
NONE OF YOU MANAGED TO TALK IT