UP FOR ANOTHER ROUND OF TRADE
TALKS AS TARIFF CONCERNS REMAIN
HIGH.
ACCORDING TO A
SIR, THANK YOU SO MUCH FOR
JOINING US.
HOW WOULD YOU CHARACTERIZE THESE
TALKS?
>> WELL, IT IS JUST AN
INVITATION AS FAR AS I KNOW.
THERE IS SOME DISCUSSIONS AND
MELISSA: OKAY.
>> AND SO WE, SECRETARY MNUCHIN
INVITATION.
I CAN'T GIVE YOU MANY DETAILS
I ALWAYS BELIEVE IN MOST CASES
TALKING IS BETTER THAN NOT
TALKING SO I REGARD THIS AS A
PLUS.
MELISSA: HOW DO YOU REGARD THE
REST OF THE TRADE TALKS GOING ON
WE GET THESE REPORTS IN BITS AND
THAT CAME TOGETHER WHAT, A WEEK
OR SO AGO, 10 DAYS OR SO, GIVE
BOB LIGHTHIZER AND JACK
CHRISTIAN A LOT OF CREDIT.
CANADIAN THING IS STILL A LITTLE
SLOW.
WE'RE TRYING TO GET SOME
BREAKTHROUGHS.
YOU HEARD ME SAY, ONE OF THE BIG
PROBLEMS, I'M NOT NEGOTIATING
THAT DIRECTLY, ONE OF THE BIG
PROBLEMS WITH CANADA IS A
FOUR-LETTER WORD, M-I-L-K.
IF THEY WOULD GIVE IN.
THEY HAVE TARIFFS, SUPPLY
MANAGEMENT SYSTEM, SUBSIDIES,
PRICE CONTROLS, OH, MY GOSH THEY
WILL HAVE TO GIVE N THERE ARE
I WILL HOWEVER, SAY WE HAVE A
VERY PRODUCTIONTIVE MEETING WITH
THIS IS A ECONOMIC DIALOGUE.
INCLUDING TRADE AND THE NEED TO
LIBERALIZE TRADE AND BREAK DOWN
BARRIERS AND THE UNITED STATES
TO CHINA AND OTHERS WHO CONTINUE
SO THE NET-NET OF THE NET IS, I
WOULD SAY THINGS LOOK RATHER
BETTER, MELISSA ON THE WORLD
TRADE FRONT.
DAVID: WELL, LARRY, EVERY DAY WE
GET BETTER NEWS ON THE ECONOMY.
THAT IS SOMETHING THAT UP UNTIL
NOW NEVER HAPPENED IN MY
LIFETIME, BUT WE HAD ANOTHER
MONTH OF THAT.
THIS ISN'T A GOLDILOCKS ECONOMY.
THIS IS A DADDY BEAR ECONOMY.
FORMER PRESIDENT TAKING CREDIT
FOR IT ALL.
WHAT DO YOU MAKE OF PRESIDENT
OBAMA'S TAKING CREDIT FOR THIS
DADDY BEAR ECONOMY?
>> WELL IT'S A FREE COUNTRY.
I ASSUME THEY PLAY HIS STUFF ON
TWITTER.
>> OH, OH.
LET ME SAY A COUPLE THINGS.
DAVID: SURE.
>> I DON'T WANT TO POLITICIZE
THIS.
I WILL MAKE ONE REMARK WITH
RESPECT TO THE TIMING.
LITERALLY ON THE DAY AFTER THE
ELECTION IN NOVEMBER 2016 WE SAW
THE BEGINNING OF A REMARKABLE
CONSUMER CONFIDENCE AND SMALL
BUSINESS CONFIDENCE AND BY THE
CONFIDENCE IS MAKING ANOTHER
THE DAY AFTER THE ELECTION.
AND I THINK PRESIDENT TRUMP HAS
SAID DURING THE CAMPAIGN AND
RIGHT AFTERWARDS THE WAR AGAINST
BUSINESS IS OVER.
THE WAR AGAINST SUCCESS IS OVER
AND WE'RE GOING TO MOVE TOWARDS
TAX CUTS AND DEREGULATION RATHER
THAN TAX HIKES AND MORE
STATE-RUN ECONOMY.
I WILL LEAVE THAT THERE.
DAVID: YEAH.
>> TO YOUR OTHER QUESTION WHICH
I JUST LOVE, SOMETHING CALLED
THE QUIT RATE IS RISING.
THAT MEANS PEOPLE ARE CONFIDENT
ENOUGH THAT THEY'RE WILLING TO
QUIT ONE JOB IN ORDER TO GET
ANOTHER.
DAVID: YEAH.
>> WHICH IS A TESTAMENT NOT ONLY
OF JOBS COMING IN BUT THE WAGES
ARE RISING, AND THAT BRINGS ME
TO ANOTHER POINT.
NOT ONLY ARE PAYCHECKS GETTING
FATTER BUT BLUE-COLLAR
IN THIS EXPANSION.
DAVID: BUT LARRY --
>> HANG ON DAVID.