i bet trump looks at cain and thinks, wow, that could have been me. so that's herman cain. and if his nomination goes through, the economy will be in the hands of a president who has bankrupted casinos and a pizza guy who wants to bring back the gold standard. but don't worry, folks, everything's going to be fine, fine, fine! we'll be right back! ( cheers and applause ) ♪ therthen he tried tostitoshael scoops and salsa... and he started following them in real life. ♪ hey, mike. sup. oh! tostitos. get together already. [ phone ringing ] why are wake up!at work? stay awake when i call. am i being unreasonable? [ muttering under breath ] [ screaming ] you went to bed grown and then you woke up a child again. can you help me?! well yes i can. yes i could... ok stop it. i'm not following your instructions anymore. think you're the boss of me? ok see i've been looking at you like a little girl, but you a grown ass woman. who's the boss now?! yes! ♪ahahahahaha. hahaha. discover the rainbow! taste the rainbow! ♪ ♪ microwaves come into play here? can openers. microwaves. t

caines --ermann herman cain's balloon got popped very quickly. michael mckee -- david: michael mckee. live from new york, this is bloomberg. ♪ david: this is balance of power on bloomberg television. i'm david westin. for first word news, we go to rig a group that. lankan yuansri ambassador is cautioning sri lankans overseas to use social media responsibly. in the wake of the easter bombings in the country. the statement came after the government shutdown most social sites within the country. officials say the spread of inflammatory content could provoke more bloodshed. at least 290 people died and 500 bomb blast.ine sri lankan officials are blaming a local jihadist group. president trump said today that nobody disobeys my orders. it was a reference to special counsel robert mueller's report which portrays a white house in which staffers often ignore the president orders. he made the comment during the l when easter egg rol asked by reporters about the mueller report. he was also asked about whether he was worried about impeachment. his reply,

i bet trump looks at cain and thinks, wow, that could have been me. so that's herman cain. and if his nomination goes through, the economy will be in the hands of a president who has bankrupted casinos and a pizza guy who wants to bring back the gold standard. but don't worry, folks, everything's going to be fine, fine, fine! we'll be right back! ( cheers and applause ) there's a lot of stuff michael follows online. then he tried tostitos scoops and salsa... and he started following them in real life. no! ♪ and kept following... ♪ everywhere. ♪ wow, okay. boundaries, michael, boundaries. hey, mike. sup. oh! tostitos. get together already. millerwith great tastebrewed and only 96 calories. now that's a combo. miller lite. hold true. ♪ the chicken always seems to bpeople love it.e. you're not pulling it out of a box, you're making food! yeah. i like being able to pride in my food and pride in my work. you get to walk right in and you see me making your chicken. this is gonna be in your bowl. this is it! this is it! this is it. didoh please. he justl of that sex popped

cory gardner, flat out no, when asked he would support cain. can cain make it? athena jones is outfront. >> i like herman cain, and herman will make that determination. >> reporter: president trump fielding reporters' questions about his federal reserve pick, herman cain, while professing to know nothing about how the confirmation battle is unfolding. >> as to how he's doing in the process, that, i don't know. you go through a process, but herman is a great guy and i hope he does well. >> reporter: this, despite a growing kesh on capitol hill from trump's own party about cain's history and fitness for the job. senate majority leader mitch mp mcconnell playing it cool. >> we're going to look at whoever the president sends up. it's his choice to decide and once he makes a nomination, we'll take a look at it. >> reporter: sources say behind the scenes he's advising senators to make their concerns known to the white house before trump formally submits cain's nomination, to avoid a public fight. why the concern? for one thing, lawmakers worry cain's closeness to the

we should have down that research, too. >> back to the cain nomination, the president said cain has nord him or asked him not to nominate him for the federal reserve and the president is going to respect his wishes. he's dodging the fact or ignoring the fact that many republican senators have said they were unwilling to vote for herman cain so he would not have been confirmed in he was nominated and many of those same republicans have raised a similar concerns about steve moore. i think now that cain is off the table, the attention will turn to moore, and it makes it less likely not more likely that more will be confirmed because with two bad choices, they were likely to let one go through and ditch the weaker one, by think the scrutiny on moore will now increase. >> and, again, what does tell you about the white house vetting process and the president says -- a lot of this wants people loyal to him? >> i don't think it says anything about the white house investigate process. i think many people in the white house were -- would have -- either did or would have told the president you shou

i don't know cain very well. but i have every reason to believe the president supports him and feels strongly, so, yes, i would think he should be confirmed. >> so, that's a ringing endorsement. he's essentially saying that he should be confirmed because the president supports him, but he doesn't know enough about him to say whether he's qualified. >> it's very clear there are divisions within the white house about this appointment. i spoke to a white house official who said that there is plenty of people inside the building who are not sold on cain and wanted him to go through a background check, but the one person who really matters is the guy who works in that office with the curved walls, donald trump, and he does like cain and is very serious about this nomination. trump is ready to make this announcement, to make this nomination formal over a month ago, but aides basically held him back and said, it'd probably be best to put cain through this background check. so, that kind of put some brakes on it. >> did

you for herman cain. president trump dropping his plan to nominate cain for the federal reserve board. naming mcgill patrizio as ceo. ?ill the shakeup pay off blood sport on wall street. we explore how hedge funds may be pressuring companies to default. all that in the next 30 minutes. taylor riggs is with us halfway into a quiet trading day. taylor: it's been quiet, light volume, a little bit of a reversal. we were looking at losses but now we are looking at gains. the tech sector was the upper former. nasdaq 100. some of the faang stocks. course, it is all about oil today, up almost 3%. now we are looking at sanctions on countries that want to buy oil from iran. we have a full v-shaped recovery here. rebounding about 3% for the year. lower prices at the pump, but want to be top on iran, so today we are getting higher prices. see what that is doing to the energy stocks we've been following from a oil companies do offshore drillers, refiners. we were looking at some of the offshore drilling companies like

that leaves open number, herman cain did you not have support in senate. did it gets to a -- i a if it ga point where he does not go forward who else? >> it appears from their statement they hope that herman cable gracefully bow out. if not him, my ideal person would be david malpass, but he was confirmed for world bank position, he jumps out, and also man legionmanly, johnson. he would be interesting name to resurrect in all this. blake: when you talk about fed -- st. louis fed said sending a grim signal about future of the economy. look at what is going on with housing . in this case, housing is a driver of economic prosperity, we consume housing it is our investment that give us finds to buy houses. i am st. louis fed has backwar backwards. economies go to downturns periodically. i would not rely too much on the predication of one central bank. blake: john tomne thank you. >> thank you. >> and bernie sanders pushing a wealth tax, his answer when asked if he would voluntarily chip in. >> and more measles outbreaks. more cases revealed today. ♪ limu emu

steven moore advised cain's campaign. he helped trump on his tax plan. and if you remember obama's treasury secretary nominee getting grilled over his tax problems, it's also worth noting that mr. moore owes $75,000 in back taxes and penalties. some see him as an odd choice for the fed because he has questioned whether it's, quote, even should exist and called at one point for all its members to be tossed. >> i believe the people on the federal reserve board should be thrown out for economic malpractice. donald trump wanted to drain the swamp. well, john, the fed is a swamp. >> he picked one of the alligator. >> exactly. >> exactly. the fed is the swamp, or whatever. with the promotion now on the table we can note, because we want to update what moore is say, now he has a different tune. people can decide whether this reflects a, quote, learning curve or a kind of opportunism. here he is this month talking down some of his past tone in a new interview. >> by the way, i'm kind of new to this game, frankly. so i'm going to be on a steep learning curve myse

he wants to name herman cain to the board despite his controversial history. >> 9-9-9 means jobs, jobs jobs. that's what i'm talking about. >> becky, becky, becky. >> i believe these words came from the pokemon movie. >> all shucky ducky. >>> we have breaking news. we have a battle between president trump and joe biden that is escalating by the minute. the president going after biden this morning after he was leaving the white house and the former vice president appearing in public for the first time since the controversy over his behavior erupted a week ago. >> i want you to know i had permission to hug lonny. i don't know. [ applause ] any way. >> joining me now nbc white house correspondent kristen welker. you were out on the south lawn when you were asking the president today about this twitter war that erupted yesterday between him and joe biden. the president launching this by taking a parody that had been done by a prolific alt-right youtuber mocking biden by taking his own video he put out and twisting it. we'll show is that in a moment. the president tweeting it out. biden twe

herman cain allegations of sexual misconduct. liz: cain in this hour yesterday said he's not going to back out of his nomination. >> he has denied those. steve moore, you know, stuff about taxes, just doesn't look good. here's what we know. liz: let's stop for people who don't know. >> he didn't pay taxes or there's a tax lien on him. it has something to do with child support. i'm going to do a story on all this that will lay it out. i don't want to misstate it because it's somewhat complicated but it doesn't look good. here's what we know. i'm writing this up for foxbusiness.com so you can read it and get all the gory details. the trump administration has gone to the senate banking committee, to the republicans, it's controlled by the republicans, so it's somewhat of a friendly audience. they have recently -- my information is good as of yesterday -- they have recently gone and asked give us the prognostication on cain and moore. the prognostication on cain as of now is a negative. he cannot get through. they think these sexual

the president says he intends to nominate cain. no status in the nomination process for herman cain. he was a presidential candidate and has faced accusations of sexual misconduct. senator cramer said he can't vote for him at this point. >> here he is with stuart varney. >> i had to vote today, i wouldn't vote for him. the allegations of sexual harassment are too serious and i think frankly the time and energy and political capitol spent to pull him across would be squandered. >> neil, i asked if president if he cain was safe. he said herman will make that determination. seems as if they're putting the ball in his court at this point, neil. >> neil: thanks, blake. let's go to gary b. smith on this, lauren simonetti and stanford university, david dotson. i'm looking at this, lauren, and i'm thinking it opens -- certainly there can't be two rejections of trump appointees. so does it approve his odds? what do you through? >> for me, seems that herman cain is out because there's a character question, a political question a policy quest

cain denied the claims. when a combination of controversies torpedo his campaign, he went out on his own terms. >> let me leave you with this, i believe these words came from the pokemon movie and that was the last time most of us heard from herman cain. trump's been fighting with the fed a lot lately, frustrated withes independence when it comes to things like setting interest rate. he'd seem to like it if he'd take more direction from a president seeking re-election. trump took steven moore to the federal reserve board. critics who valued experience said, moore was unqualified as a matter of economic literacy and past attacks. but that may have been a feature not a bug. and with cain's nomination, trump seems to be saying you thought moore was unqualified. hold my beer. critics say his campaign signature economic plan, 9%, 9% federal sales tax, 9% corporate tax was catchy but nonsensical. now it's up to the u.s. senate. they might have thought trump was joking but trump appears to be doubling down. when it

a cain nomination was something -- unless something drastically changes will not go forward. the president has been willing to let him sit out there and distanced himself somewhat from the nomination, saying it will be up to cain on whether he will withdraw or go through. we still don't have any of the nominations going to the senate so there is no action and there will not be any action in the immediate future. in terms of what comes next in this process, what do we know? joe: the senators will be waiting to see who actually gets nominated. there is a lot of expectations of the capital that eventually cain will withdraw his own name or the white house will withdraw it. they will have to come up with a list of other candidates. at this point, they have not been consulting with members of the senate who have confirmed. they are going to the process of looking through alternatives knowing that cain is not likely to go through. steve moore seems like he might be in ok shape. there has not been any immediate if youn against him, but have a jailbreak on cain among republican senat

next president trump pulled hermann cain out of the running. we have recovered sexist comments from stephen moore who has said things like, quote, is there in area in life where men can take vacation from women? we'll give you the full context just ahead. >>> plus as prince harry and meghan markle expect their first child any day now, there are reports of drama within the royal family. we have those details ahead. priceline will partner with even more vegas hotels to turn their available rooms into amazing deals. delegates, how do you vote? (wild cheering) (music plays) sample: yes... y-y-y-yes... yes... woman: that is freaky. you'when you barely the clip a passing car. minor accident -no big deal, right? wrong. your insurance company is gonna raise your rate after the other car got a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. liberty mutual

herman cain was not a president? herman cain may abbeysman and what does he have to do with military issues ? what can he do with the border? he can advise. 999, it's not a joke. this is a real issue affecting americans and affecting people in mexico and affecting people who are even coming from other countries going through the mexican bothered trying to get here. this is a real issue and it's not a joke. >> kate bent, there's a read. it's real interesting in "the atlantic," ivanka trump, first quarter and special adviser and this is what it says the founding myth of ivanka trump is that she is a moderating force, so react to that. this is the idea. they are saying actually this is a myth. describe her role at the white house and also maybe how it's changed. >> well, i think what she first got to the white house she thought she would do big things and people put that label on her that she would be a moderating force and what we've learned and what the story points out is there's no real evidence of that. the paris c

people know who herman cain is. that's completely different from trump's judiciary transformation. >> they have spoken out against the president but it's on issues that their voters would not be irked on like jamal khashoggi. that story is not resonating with their voters, it's not hitting their pocketbooks. i want to read something from "the washington post." trump recently gathered with generals and others, military leaders for a meeting about the mexican border. at the meeting, which was held in the white house, an aide passed trump a note informing him that cain was in the building. he summoned cain to the meeting and told military brass they needed to come up with a 9-9-9 plan for the border. referring to cain's tax plan. and the joke fell flat. so is this kind of a tendency within the white house and president as well that it's hard for them to read when the president is actually joking or when he has serious policy suggestions? >> that's a really good question. but i think the fact this anecdote leaked speaks

>>> and her man cain anyone? he dropped out of the race amid sexual assault allegations and now the president wants him on the federal reserve. what is going on here? you're watching cnn, i'm brooke baldwin. rselves on making it easy to get your windshield fixed. with safelite, you can see exactly when we'll be there. saving you time for what you love most. >> kids: whoa! >> kids vo: ♪ safelite repair, safelite replace ♪ ♪ hi. i'm sparrowhawk. and this is my crunch. ♪ delicious 100% real chocolate embracing the lightness of crispy rice. crunch. the chocolate bar all americans love. but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. oh! oh! oh! ♪ ozempic®! ♪ (announcer) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with oz

cain and mr. moore, a 3.8% unemployment rate is fabulous, an economy that's growing at better than 3%, could do better even with tax cuts and deregulation. we worry that the central bank is not taking account of a weak world economy, some financial tightening in the marketplace, and here is the key point, there is no inflation. so look, i'm not here to buck that independence. i started my career at the new york fed many years ago. i get along well with the fed officials. i'm saying we have two open seats on the board. the president has every right in the world to nominate people who share his economic philosophy. that is more people working is a good thing, not a bad thing. >> you didn't answer the question necessarily about those allegations troubling you or not. let me ask you about steven moore. he was a contributor here at cnn, clearly qualified to talk about the economy on cable television. >> thank you. you're the first guy to talk to that. you're so even handed. >> take a listen to what he

cain and stephen moore. thanks for a much. this is bloomberg -- thanks very much. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. we want to come back to a story that was crossing the bloomberg as we went to break. there are reports the white house is interviewing candidates to replace herman cain and stephen morris potential nominees for the federal reserve . we know the president had stuck by them and we know esther kane said it was come -- we know herman cain said it was cumbersome to get confirmed. it turns out the white house is actively interviewing possible candidates to replace both of those potential nominees for the fed. republicansime, the promise their tax reform package would make it possible for most of us to file our taxes on a postcard. putting aside how many of us realize that dream yesterday, one way of simplifying things may be headed for extinction before gets born. we welcome laura davison coming from washington. welcome, good to have you. we have presid

for his part, yes nominated herman cain to the fed board and stephen moore. he will have two voices should they ultimately received confirmation. that is still unknown if they get that confirmation in the senate. should they get those confirmation, he will have two allies on the central bank floor. david: he has other work to be done with the chinese central bank situation. -- the chinese trade talk situation. still in town, still wrapping trade talks with robert lighthizer and steven mnuchin. they had made progress yesterday, but speaking earlier today president trump said he would not predict an ultimate deal between the u.s. and china. he also signaled that when he does meet with president xi jinping, wherever that might be, it could be as soon as a few weeks, that it would be to finalize the deal. we know the u.s. and china are talking about china purchasing the commodities, enforcement mechanisms, including lifting some tariffs but keeping some on to ensure china continues on that front and to allow the u.s. to make purchases of chinese firms. to ourthan

but i do know herman cain was quite a character back in the day. for example, he told one interviewer that he was ready for whatever the media threw at him. >> i'm ready for the "gotcha" questions, and they're already starting to come. and when they ask me who is the president of ubeki-beki-beki-beki-stan-stan, i'm going to say, you know, i don't know. do you know? >> stephen: yes, i do. i believe it's premier kazmir oleg hamina-hamina-hamina-hamina- a-oooga! boioioioioioioioioing! ( applause ) and who can forget the end of cain's commercial, in which he spent almost ten seconds slowly smiling. ( laughter ) that's either a kind of creepy ad for a political campaign, or a very creepy ad for invisalign. ( laughter ) cain is an unusual choice, but it's no surprise that trump wants to shake up the fed. after all, he has been complaining for months about their monetary policy, and he even tweeted, "the only problem our economy has is the fed." but let me remind you, most of experience comes from running a pizza chain. evidently, trump thinks "fed" is sh

the president had been enamored of herman cain for months. in the "post," he was having a meeting in the situation room with generals and other military officials about the mexican border and heard herman cain was in the white house, he said "send him down." herman cain comes into the situation room and the president says to the military leaders, you need a 9,99 plan for the bored are a border and we heard the joke fell flat. >> you, too, can read the newsletter. that does it for me on this friday morning. "morning joe" starts right now, everybody. >>> i don't know anything about david duke. i don't know what you're talking about with the white supremacy or white supremacist. i know nothing about these people. i know nothing about wikileaks, it's not my thing. >> he knows nothing about david duke, who praises him online, he knows nothing about far right em

serve on the fed board, as the ministration is standing by, is the demonstration standing by herman cain? >> we are at the moment. >> at the moment? >> he is in the vetting process. >> the paperwork has not yet gone? >> his paperwork is income he's being looked at by the fbi. >> -- >> that is correct.

herman cain ran a pizza business which is a serious business. i don't want all pizza business leaders in there, i really don't. i think the two views here by steve moore and herman cain are great contributions to this board. it in no way detracts from the rest of the board members. their academics, i'm a yale graduate, they're fine, fine people and deserve to be on the board, and so do herman cain and steve moore, they just provide diversity of views and they get along with people as well. they're not going to sit there and have a revolution going on and doing all that, they're going to work it out with them and have the arguments and discussions, and come up with a lot better policy for the country. >> good debate guys, thank you boeing still plagued by the safety issues over the 737 max 8 claims we will discuss coming up. >>> disney investors gathering this afternoon for a special preview of the dneisy plus service. a live report straight ahead my ideal cloud? it has to work like air traffic control. it's gotta let new data integrate with data

also tonight, herman cain, herman cain's nominationing to join the federal reserve may be hanging by a thread tonight. and that might be because of george will's column in the "washington post"ing this morning that blasted the herman cain nomination and president trump's other selection for the federal reserve. george will join us because his column could be what turns out to be the decisive blow in possibly ending both of these nomination in the trump administration. but first, tonight, deputy attorney general rod rosenstein is trying to repair the damage from attorney general william barr's performance in the two days of hearings in the house and senate. in an exclusive interview with the "wall street journal" justice department reporter, rod rosenstein defended attorney general barr saying he's basically as forthcoming as he can so this notion he's trying to mislead people i think is bizarre. rod rosenstein would not comment about the remark that the attorney general made yesterday in which he used the word spying to describe what the attorney general believes the fbi did to the t

herman cain. besides being a very successful entrepreneur/businessman, he was a board member of the kansas city federal reserve and actually was the chairman of the board of the kansas city federal reserve. his time there spans i think about a decade. he is intimately acquainted with federal reserve operations and policy issues. so i think these criticisms are very unfair. >> let's talk about herman cain, because he has some interesting economic news at the very least. he believes the u.s. should return the gold standard. he famously advocated for the 999 plan, which included a national 9% sales tax. >> wapz a bad -- you know, he was pretty close to being a supply sider, jake. i mean, lower tax rates. >> you said on friday, the president is entitled to fed board picks as a, quote, way of expressing his philosophy. does the president agree with the gold standard in the national sales tax? >> herman has not come out only for the gold standard. what he is trying to say -- and let me make a couple qui

allegations of sexual harassment against cain resurfaced. he denied the allegations. cain was one of president trump's picks for two open seats on the board. >>> target is recalling wooden toy vehicles because they are a choking hazard. the nationwide recall includes eight bulls eye toys sold separately or part of a set. they were sold between october and november of last year. the toys can be returned for a full refund. no injuries have been reported. >>> samsung is delaying the release of their smartphone. tech reviewers say they have had problems with breakingeens. the device was set to hit store shelves on friday, priced at $2,000. they plan a new release date in the coming weeks. >> ride share companies, uber and lyft could get competition. elon musk is promising self-driving taxis will hit the streets next year. they will be able to use a smartphone app to put their vehicle into commercial service when not using them. the vehicles would pick up riders on the company's network. tesla would collect 25% to 30% of the fare charged to riders. >> very interesting. dia

. >> herman cain's whole campaign was 9-9-9, the most crazed economic policy. you're going to put him on the fed? >> i like the shucky ducky. that's good. >> that's on chuck todd now. my thanks to the panel. that does it for us. thank you very much. mtp daily starts now. >> just remember, donald trump has lived his whole life in search of cheap credit. >> shucky ducky. >> why should he change now? thank you, nicole. >>> if it's friday, the frontrunner speaks. >>> good evening, i'm chuck todd in washington. welcome to "meet the press daily." we have a big one tonight. looking at live pictures of the president at the border about to tour a section of renovated wall. we are going to get to the border visit and his latest threats in a minute. you won't believe how many threats he's made just about the border just in the last few months. we'll begin with the democratic front runner, joe biden, speaking tofo the first time thr year. he had a lot to say about everything from the allegations of inappropriate physical contact to his view of the democratic party, donald

recommended herman cain is a very all right for more let's cross over to our frankfurt stock exchange correspondent john l. don't allow a gentle what more do we know about herman cain how to refrig would he be on the fed board. well there is definitely some concern here that is terrific qualities may have been oversold the sexual harassment allegations are only part of it but his a past policy record has been somewhat confusing he's advocated for example for a return to the gold standard of all things and his past tenure as kansas had a very he was known as a hawk meaning that he favored low inflation and higher interest rates since then and he seemed to have moved over to president trump's way of thinking president trump of course known for attacking the fed for raising interest rates and that is going to be the biggest issue here people worry that his appointment is a sign that this is a further way of donald trump trying to walk under undermine fado policy in order to just provide himself with some short term economic gains i would have people in frankfurt and in europe as a whole

cain, we should say, was a chairman of the federal reserve bank in kansas city. he is the man, of course, trump wants overseeing the banking system of the wealthiest nation on everything. >> but the 9, 9, 9 plan is catching on with people. >> 9, 9, 9. >> 9, 9, 9. >> i'm ready for the gotcha questions. >> so you agreed with president obama on libya or not? >> okay, libya. >> oh, shucky-ducky, as the man would say. >> president obama supported the uprising, correct? >> oh, shucky-ducky. >> and when they ask me who is the president of u becky becky becky stan stan, i'm going to say, you know, i don't know, do you know? >> that's what i'm talking about. >> you don't need foreign policy experience to know who your friends are and your enemies are. >> immigration is four problems, not one. >> i believe these words came from the pokemon movie. >> america's never seen a candidate like herman cain. we need you to get involved because together we can do this. we can take this country back. i am america one voice, united we stand i am america one vote to heal our land >> th

, and the president said today he likes herman cain. herman has a background in business and was a governor in the federal reserve and has that background he and steven moore both are people that really understand what the president's fiphilosopy is in this economy, but we'll see how it plays out >> we'll show you the full interview with vice president pence at 6:30 a.m., including his comments on the u.s. economy and the trade talks with china i'm just enjoying my twitter feed since all you got to do is just say you're interviewing mike pence, and there are some wackos out there >> you're hearing full force >> i like reading it they say why would you want to interview a guy who works for mango mussolini. have you heard that one? an orange blob they send me pictures of things in a toilet. they send -- it's really -- andrew, what is with the political discourse nowadays >> no comment. >> i had one guy tell me that i have always been just a horrible right-wing maniac. he sent me -- >> the e-mail from 2007. >> from 2007 >> i saw that. >> a

as for cain, he's also known for a presidential campaign, his own. just last year, cain announced a political action committee to counter the so-called resistance to president trump, saying it had become unhinged and absurd. but unlike moore, at least cain has some experience in the federal reserve system, but the one thing that might jeopardize his potential nomination, sexual harassment allegations. he's denied them, but just today, an attorney representing one of the accusers issued a statement. she says, anyone who uses their position of power to take advantage of a woman does not possess the character, betti integrity, or values required to reserve on the federal reserve board. i tried to reach representative cain and haven't heard back yet. jake? >> cristina alesci, thank you so much. appreciate it. tune in this sunday morning to state of the join. my guests will be the white house director of the economic couns council, larry kudlow michael bennett, and congressman adam schiff, the chairman of the house intelligence committee. that's at 9:00 a

herman cain. here's the president's take on herman cain. >> herman is a wonderful man. he's been a supporter of mine for a long time. herman is already sat on one of the fed boards. and he's just somebody i like a lot. >> but that's not the view from even his own party on capitol hill right now. four republican senators are now coming out to say they will vote no on cain's nomination if it came before him, effectively sinking his chances. the reservations surround past allegations of sexual harassment and that he's too partisan for the post. that's not all. example after example of republicans saying no. the top republican mitch mcconnell telling trump he made it clear to the president despite what the president wanted, republicans were not going to take up that debate. chuck grassley coming out against the staffing purge at the dhs, saying the president was pulling the rug out from the people trying to help him. and a dozen republicans voted against president trump's national emergency declaration over the border. what is going on here? a blip or have republicans been

so far the president floated two names, herman cain and steve moore, a little bit on hermian cain for a minute. heritage foundation steve, appreciate it. you wrote the book, trumponomics, first plan to revive the economy. during your book tour, you were emphatic in your support for the president's economic policies, you said that things were good, now he's saying, well, the fed has done something wrong, how are things so good if the fed was screwing it up so badly? >> look, leland, i was fortunate enough to work in presidential campaign. we got data point on wednesday or thursday of last week, the lowest number of americans signing up for unemployment insurance -- very healthy economy. by the way, people -- this is one of the controversies of my plan. leland: the part of the answer which is a long one that you may not necessarily agree with the president's tweet there? >> you know, there's elements i do agree with. if you go back to summer of 2018, last summer the economy was growing at 4%, we had full employment, rising wages and no inflation. beautiful picture for an economy and the

if you look at the math it is not good for herman cain. you have to ask whether the nomination goes forward. when i asked the president over here on the south lawn, he said herman will make at that determination. left wiggle room over there. putting it on the plate of herman cain. connell: important distinction. there is no nomination to withdraw because there has not been a nomination yet. melissa mentioned earlier president moon from south korea was here. they went through some of the issues they talked about, one of the things came out to the pool spray when the president spoke to reporters, comments about quote-unquote spying on the campaign. reporter: spying is the big word. that is the word attorney general bill barr used up on capitol hill testifying. i think there was spying. here is the distinction between the attorney general and president. the attorney general thought there was spying the question is was it illegal or was it justified? the fisa process, a reason why they went down the road. the president thought it was illegal.

and herman cain. both historically inflation hawks. people who advise the central back to raise interest rates because they're very worried about inflation. have suddenly changed their tune now that a republican is in office, and instead they are saying that we should fear nonexistent deflation and we should pump more money into the economy just as, of course, that republican in the white house is up for reelection. >> is he a good choice, scott? >> he's going to need a very thorough vetting. you know, obviously you have a background check process before your nomination gets submitted and then he's going to need a very thorough vetting by the committee. >> let me ask, do you think he would be confirmed? >> well, i think when you go before a committee like this, you're going to get a lot of questions about your views on monetary policy, and current, you know, events and how you want to handle the economy. we're going to have to see how he stands up to that. so if i were a republican senator looking at an unconventional nomination for a

herman cain? i just want to leave it there. herman cain? for federal reserve. makes no sense for me. >> i worked for a candidate that ran in a primary against herman cain. the question is not in my mind herman cain's qualifications. he actually has been at a federal reserve bank. he understands the issues. the question is around the independence of the federal reserve. do we want the president to say, hey, fed, you gotta juice the economy a little bit. that's the challenge. >> and presidents have been frustrated with the fed forever. it's hardly new for a president to be frustrated. they don't generally respond in this fashion. >> well, the combination of the potential nomination of stephen moore and herman cain. lanhee would have freshman students in an economics class more qualified to be in those positions. >>> up next, the unlikely 2020 candidate who is earning his way to the debate stage with one big idea. andrew yang is here live. idea. andrew yang is here live. you know what's better than mopping? anything! at the end of a long day, it's the last thing i

he has been criticizing jay .owell who is herman cain? herman cain is an interesting guy. studied mathematics in college, went into computer science, became a systems analyst, went to work for godfather pizza, worked his way up and became ceo. --ran for president in sick ran for president in 2012. dropped out over sexual misconduct allegations. bottom line, he has a strong background in business. -- big supporter of president trump. set up a fund to protect him from impeachment, in fact. he has an understanding potentially of the federal reserve system and how it works. here is what donald trump said in a press conference earlier today about herman cain. >> i have recommended him highly for the fed. i told my folks that's the man and he is doing some pre-checking now, and i would imagine he would be in great shape. i find hermon to be an outstanding person, a truly outstanding individual. i would think he would do very well there. kathleen: we would assume he inld stay with donald trump keeping rates low. he has gotten a lot of criticism from even a republican economists,

trump is personally pushing for cain. my colleagues at the washington post reported cain came into the situation room to interrupt a meeting about border policy with generals. trump joked they ought to put together a 9-9-9 plan for the border. the joke fell flat among the generals. this is a reference to cain's tax plan back when he ran for president in 2012. >> interesting. nancy, what are you working on? >> i met with some trump campaign officials this week. what struck me was that they're trying to make sure that the convention goes as smoothly as possible. and so even though it's far away, they're trying to install a state party chairs, people who are trump friendly so there's no tussle at the conventions. it can be what someone called the three minute commercial for the president. >> there you go. thanks to both of you for coming on and being on set all hour long. much more coming up next hour. happy friday, hey yasz. >>> good morning, everyone. craig melvin is on assignment. the white house is son spin control mode

i think steve moore and cain are qualified. the question do the democrats use their personal stuff, issues to make the president look bad, make mcconnell look bad. conservatives mcconnell will not support either of them. less cain more and more but not so great with moore. neil: tomorrow saturday we are talking about latest revelations with mitch mcconnell and fractious relations president has with republicans he is doing them no favor pushing these controversial names, steve moore, on that "cavuto live" which is saturday, tomorrow. >> i didn't know that he was going to be on. under care by focusing our mind on whatever's on yours. i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars... do you guys sell other dogs? now that's simple, easy, awe

. >> the reality for president trump and herman cain, cain didn't have the votes. four republicans on capitol hill had already said they could not support herman cain's nomination if it were to get to that point. there were a couple of different reasons some on the hill were worried. the former presidential candidate might be too partisan for the fed. while others pointed to past accuse autions of sexual misconduct. -- accusations of sexual misconduct. >> the administration had been laying the groundwork for this, charles, when i asked president trump earlier this month whether or not cain's potential nomination was safe the president told me "herman will make that determination" and then just last week larry kudlow said here on the north lawn -- told reporters that they were speaking to other candidates as well. still when cain spoke to neil last week he said he was not going to step aside. that clearly changed. >> i'm not quitting because i don't allow people who criticize me who have never met me discourage me from making an attempt to serve the country. that's

krishna: if you want the fed to say 9-9-9, you nominate herman cain. to some extent it is basically demeaning the fed. it doesn't mean that you should not take input from the business community. the fed has very detailed processes to incorporate those points. but nominating herman cain to the fed, or for that matter, nominating stephen moore, where he has said so many bad things, i don't think is the right move. jonathan: i don't want to judge the intent of the administration. ultimately, the perception of this matters. if these guys get confirmed to the federal reserve, in your mind, has this federal reserve lost some form of independence? >> i don't know if i would go there from a policy perspective. saying they lost independence. you are seeing an analysis that the fed is doing. typically you have people studying economic cycles. you look at 2004, 2006, gauge the reaction function from the monetary policy side. 17 consecutive 25 basis point tightening's. i think this administration is putting people in play that have a business cycle viewpoint. that

it is herman cain. he was the ceo the pizza company and ran for president and served on the board of the kansas city fed. herman cain reported to be the nominee by president trump to the federal reserve. live from new york, this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. we turn to for bloomberg first word news. isk: the justice department defending his handling of robert mueller's russia report after media reports that mueller's team wrote summaries they intended to be made public. the statement today's as every page of mueller's report was marked with a notice saying it may contain grand jury material that by law has to be kept secret. says thement also department is working with the special counsel to clear the report released to congress and the public. the 2020 democratic presidential race is getting more crowded. ohio democratic congressman tim ryan said he will seek is party's nomination to challenge president trump great he is a nine term congressman and has bee

e >> a woman said that herman cain had done some things that were really sexual misconduct.at of but the case -- >> tucker: the one i read about said it was consensual? >> that is the problem. when you conflate something that is consensual with abuse, you .inflate that and that is the bg problem here. what they did to herman cain in that regard saying that we will expose what your genitals look like, either way, that they would that is totally wrong. i would agree with you that gloria allred is actually undermining this and i can tell you that i actually believe that this could be used against women in the future. >> tucker: you think? >> this could be very problematic. this is actually going to hurt women. men don't get body shamed like women do. some dude who had an affair with kamala harris or liz warren is going to say, kind of threaten her in the same way and this is really problematic. again, the other thing -- >> tucker: it hurts men which is every bit as bad as hurting women because human beings are equal. >> i will say one other thing. it seems unfortunately for the right pr