BUSTING OUT THERE WITH 200,000
PLUS JOBS, THAT'S WHY I'M A
LITTLE DISAPPOINTED.
BUT I WANT TO COMMENT ON YOUR
COMMENT ON THE OTHER NEWS THIS
MORNING THAT CHINA IS
CONSIDERING IMPOSING TARIFFS ON
$60 BILLION WORTH OF OUR GOODS
>> I DON'T KNOW HOW TO READ
THAT, I MEAN, IT'S ACTUALLY NOT
TIT FOR TAT, IT'S ACTUALLY MUCH
LOWER THAN NUMBER THAN WE HAVE
BEEN LOOKING AT.
NONE OF THIS IS FINALIZED YOU
UNDERSTAND.
STUART: UNDERSTOOD.
>> LET ME JUST SAY THIS, THE
CHINESE HAVE BETTER NOT
UNDERESTIMATE THE DETERMINATION
OF PRESIDENT TRUMP TO FOLLOW
THEFT AND FORCED TRANSFER OF
TECHNOLOGIES, THESE ARE THE --
THESE ARE THE THINGS WE HAVE
ASKED THEM IN A NUMBER OF
MEETINGS, I'VE PARTICIPATED IN
IF YOU LOOK AROUND THE
NEWSPAPERS THIS MORNING AND
YESTERDAY, I'M PARTICULARLY KEEN
ON THE SOUTH CHINA POST BECAUSE
BOARD, THAT'S ONE REASON THEIR
CURRENCY IS FALLING, IT'S NOT
THE ONLY ONE PEOPLE ARE TAKING
MONEY OUT OF CHINA, THEY ARE
TRYING TO PUMP UP THE MONEY
SUPPLY AGAIN, THEY ARE NOT IN
GOOD ECONOMIC SHAPE SO ONCE,
AGAIN, I WILL SAY THEY BETTER
PLAYING FIELD TRADE REFORMS THAT
ARE ESSENTIAL.
STUART: ARE YOU SAYING THE THAT
PRESIDENT TRUMP WILL NOT BLINK,
HE WILL NOT BACK OFF BUT MAYBE
CHINA WILL?
>> WELL, I DON'T KNOW ABOUT THE
MAYBE CHINA WILL, I'M NOT PRIVY
TO CHINESE COMMUNIST PARTY, THEY
HAVEN'T INVITED ME YET, BUT I
WILL TELL YOU THIS, I AM PRIVY
TO WHAT PRESIDENT TRUMP IS
THINKING AND HE WILL STAND
STUFF, OTHER PRESIDENTS HAVE
RAISED THIS ISSUE OF CHINA
ILLEGAL AND UNFAIR TRADING AND
SO FORTH, THIS PRESIDENT IS THE
ONLY ONE TO FOLLOW THROUGH AND
ONLY ECONOMIC SECURITY AND
WORKFORCE BUT ALSO TO PROTECT
OUR NATIONAL SECURITY, SO THEY
BETTER NOT ASSUME ANYTHING, THE
PRESIDENT IS NOT ABOUT TO BACK
DOWN AND THE BEST NEWS, I THINK,
IS WE ARE COMING TOGETHER WITH
THE EUROPEAN UNION TO MAKE A
DEAL WITH THEM SO WE WILL HAVE A
UNITED FRONT AGAINST CHINA AND I
CLOSE ON ME
CLOSE ON MÉXICO, SO THIS UNIFIES
NAFTA AND U.S., EUROPE,
AUSTRALIA, JAPAN, CHINA IS
INCREASINGLY ISOLATED WITH A
WEAK ECONOMY, THEY KNOW WHAT WE
ARE ASKING, STU, THAT'S MY KEY
POINT, CHINA KNOWS WHAT WE ARE
ASKING, THEY JUST HAVE NOT MADE
SATISFACTORY RESPONSES.
STUART: THE NEWS YESTERDAY THAT
TECHNOLOGY COMPANIES, I MEAN,
THEY RULE THIS ECONOMY AND THEIR
GLOBAL CORPORATIONS.
THERE ARE CALLS TO BREAK THEM UP
OR REIN THEM IN, DO YOU SHARE
THAT SENTIMENT?
>> NO, I DON'T.
I'D HAVE TO SEE RINGS OF
EVIDENCE, I DON'T SEE IT.
I'M NOT A TECH EXPERT.
I MYSELF JUST GOT A NEW IPHONE
FROM APPLE, IT'S REALLY QUITE
NICE, HAS A RED BACKGROUND AND I
REALLY THINK THAT'S TERRIFIC.
[LAUGHTER]
>> BREAK THEM UP, I'M NOT INTO
BREAKING UP BUSINESS RIGHT NOW,
IT.
I SEE MAJOR COMPETITION
EVERYWHERE.
STUART: WHEN YOU GET THAT KIND
OF CONCENTRATION OF POWER, YOU
GET POLITICAL CALLS TO MAKE SOME
CHANGE TO STRUCTURE OF THAT
POWER.
FOR EXAMPLE, FRONT PAGE NEW YORK
TIMES TODAY I'M SURE YOU HIT
HIM, APPLE HITS TRILLION DOLLAR
THRESHOLD AT WHAT COST, QUESTION
MARK, ONE IT RAISES INCOME
INEQUALITY, THAT'S WHAT APPLE
DOES, THAT'S WHAT BIG-TECH DOES,
RAISES INCOME INEQUALITY, YOU
WANT TO DO SOMETHING ABOUT THAT?
>> HOW MANY JOBS YOU THINK APPLE
HAS CREATED?
STUART: A LOT.
>> HOW MANY MILLIONS?
SERIOUSLY HOW MANY MILLIONS OF
PEOPLE DO THEY EMPLOY?
HOW MUCH PRODUCTIVITY HAVE THEY
ADDED TO ECONOMY OVER THE YEARS?
HOW MUCH PROSPERITY HAVE THEY
YORK TIMES DOES WORRY ABOUT
INCOME INEQUALITY, I GET THAT,
GOD BLESS THEM, ME I WORRY ABOUT
PROSPERITY AND I WORRY ABOUT A
HEALTHY ECONOMY, I WORRY ABOUT
GETTING JOBS EVERYBODY AROUND
THE COUNTRY, WORRY ABOUT HELPING
THE FOLKS MIDLAND, ORDINARY
MAINSTREAM FOLKS THAT WILL
BENEFIT FROM ALL OF OUR
POLITICS.
YOU KNOW, STU, OTHERS AND BY THE
WAY THERE'S A THOUSAND TECHY
COMPANIES, FOUR OR FIVE
COMPANIES DO NOT, QUOTE, RUN THE
ECONOMY NO MATTER WHAT THE TIMES
AND THE REASON WE ARE RESUMING
GROWTH AS WE HAVE FOR A LONG
TIME HISTORICALLY IS INNOVATION
AND APPLICATION AND INVENTION OF
NEW TECHNOLOGICAL ADVANCES, TIM
TOGETHER, I'VE HAD HIM TO SEE
POTUS, GOD BLESS THEM.
THERE'S NO OTHER COUNTRY, NO
TO EARLIER POINT, WE WILL NOT
LET CHINA STEAL OUR TECHNOLOGY,
WE WILL NOT.
STUART: SIR, I WAS HAVING A
PRETTY BAD DAY TILL YOU CAME
ALONG, NOW THE WHOLE THING --
[LAUGHTER]
STUART: SMILE ON MY FACE ALL OF
A SUDDEN.
>> YOU HAVE COME ALONG VERY
NICELY.
I LOVE DOING YOUR SHOW, YOU KNOW