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Discussion With Ian Bremmer on Globalism; April Financial Reports; Valerie Jarrett on Obama and United States of Women Summit; CNN Heroes Segment; Rosen-stein or Rosen-steen. Aired 8:30-9a ET
Aired May 4, 2018 - 08:30 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
IAN BREMMER, AUTHOR,"US VS. THEM, THE FAILURE OF GLOBALISM": - - that's not a failure of globalization. Globalization's brought wealth to people all over the world. It's a failure of the political system on the simple things like infrastructure. On the simple things like fighting forever wars in Afghanistan, not taking care of people when they come back. But when you don't address that for decades, suddenly something's going to happen.
And the idea that Trump is tweeting and so we get angry or the idea that he's gone in four to eight years and then things go back to normal. Like we forgot about the Occupy Wall Street Movement after the 2008 financial crisis. But it's not because we fixed anything, it's just because they lost momentum. Well, now we're seeing that play out across all of the advanced domestic democracies.
CHRIS CUOMO, CNN CO- HOST: So this success and failure of this populism of this America first of this pull in the borders, let's stay closer to home. That's going to have implications militarily obviously, diplomatically obviously but also economically. So let's touch on one of those. Is Trump winning against China? Forget about the laser in the eyes of the two pilots that were getting too close to China's little floating base over there.
CUOMO: That's one thing that they're going to have to figure out, you know, China, North Africa, Djibouti, do we get involved in that? It seems to be trade is the focus. Is the President winning?
BREMMER: I - - I think that on trade both sides don't really want to fight and that's why we just sent a pretty large delegation over to Beijing. They're going to keep talking, that's fine. I don't think we're going to end up costing ourselves billions and billions of dollars on trade. I'd be surprised if it escalates much more than it is right now. But on technology, we have a real problem. Right? Because we don't have interlinkages with the Chinese the way we do on trade. They're building one system with one set of companies. We're building another and our top companies on AI and automation don't even have access to the Chinese market. The Amazons, right? The Facebooks, the Googles that's a serious problem.
CUOMO: And one of the various entry isn't just Chinese resistance it's that they don't respect intellectual properties right there. And they steal things from the U.S. and it goes unpunished. That's something that Trump has been talking about. Can he do anything about it?
BREMMER: I'll go even farther than that. One of the biggest problems here is, this is not only about the Chinese system of authoritarianism, state capitalism but Xi Jinping the Chinese President has personally made it his top priority. They want to dominate the world in technology in 2025 on AI. Which means that anyone that you talk to in China, it is not the Chinese President doesn't feel like they can give on this issue. Because they're going to get savaged back home by the big boss. So in other words, if this isn't Trump vs. Xi Jinping directly, we're not moving on this issue. And so the consequence - - I'm not surprised at all that we have a constellation of leaders that just came back from Beijing completely empty handed. On are the Chinese going to move on this?
CUOMO: So muscling up with hot talk, not yielding a result in China yet that the President is hoping for. However, if you look at what's happening on the Korean Peninsula - -
CUOMO: - - muscling up all the "little rocket man" stuff that people thought was at best reckless. There seems to be fruits of the results so far the President, South Korea saying that Donald Trump should be nominated and in fact should win the Nobel Peace Prize.
BREMMER: Yes. I said that myself. I said if they actually are able to get peace on the Korean Peninsula between North and South Korea, I'd give it to all four of them. Right? I'd give it to Kim Jong-un - -
CUOMO: Can you?
BREMMER: Well - -
CUOMO: Do you think that Nobel Laureate would give an award to somebody who is known as a murderer the way Kim Jong-un is?
BREMMER: No. No I don't. But my point is that, you know, we - - we've given political prizes before. I mean there are a lot of people that say this is about Kissinger. Right? When people claimed that he's a war criminal. My - - my point was simply to say that the Americans should recognize that for all of Trump's failings in foreign policy and there are many. On North Korea, he's the guy that made this happen. It was not just about tough talk on the military with North Korea.
It was also about pressing the Chinese and saying, we're going to hurt you more economically unless you get to the table. And it was the Chinese under that pressure that actually started implementing dealing with smuggling. And got rid of the joint-ventures that were bringing in more North Koreans and cut out all the energy supplies to them.
CUOMO: So why this Administration and not the last one? Or any of the ones before that?
BREMMER: Risk aversion. The fact is that Trump who, you know, doesn't have experience in foreign policy and saw that this was broken said hey. I can be the guy that makes this happen. You know, the fact is that there was a greater chance that we were going to end up in military confrontation with the North Koreans by Trump opening that "Pandora's Box". But at the bottom of that box as we know is hope. And at the end of the day, we were able to move them. So I think there was a great - - you and I have talked about this before. There was a greater chance of a breakthrough and a greater chance of confrontation.
Your Obama, your Bush, you don't want to even consider that. Right? Your Trump in the same way that he decided that we were going to hit the Syrians, not once but twice for chemical weapons use. And Obama was like, oh no, not unless I've got a lot of support. It ends up being the right move. But the international community and the domestically said yes, we shouldn't tolerate that. We should actually hit them. North Korea's the same thing. Doesn't mean the outcome's going to be the one preferred by the United States. But for now, there is no question in my mind that if it were not for the Trump Administration, we do not have the opening from the North Koreans right now.
CUOMO: So the operative theory right now is that sometimes a promise of might may make somebody to do something right. We'll see if it carries through there. There's a lot of this talk in your new book, "Us vs. Them, The - -
[08:35:14] CHRIS CUOMO: - - Failure of Globalism". Ian Bremmer, thanks for making us smarter as always . Always a pleasure. Alisyn.
ALISYN CAMEROTA, CNN CO-HOST: OK. Chris, we have some breaking jobs numbers. There are new April numbers are just out. So will they rebound from a sluggish March. We break down the numbers next.
[08:35:30] (COMMERCIAL BREAK)
[08:39:24] ALISYN CAMEROTA: OK. We do have breaking news right now because the Labor Department is releasing the April jobs report moments ago and there's a big headline. Christine Romans joins us with the new numbers.
CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: Hello guys. So what were you doing in December of the year 2000. That was the last time the unemployment rate was this low. 3.9 percent is the unemployment rate. You have to go all the way back to December 2000 to get a rate that low before 4 percent. This is just another sign that the job market has been very strong and continues to do well. Here's what the job growth looks like. 164,000 net new jobs, it's a little light of what economists have been forecasting but still a bounce back from- - from March. And, you know, February and March and April, those numbers together are still showing you strength in the labor market.
Where do we see the hiring? In business information services, this has been strong hiring in - - in - - for companies across the - -
[08:40:15] CHRISTINE ROMANS: - - country. Healthcare 24,000, we've seen that year in, year out. A lot of jobs in healthcare all different kinds of jobs in healthcare. And manufacturing, fabricated metals interestingly saw a tick up, we also saw that 8,000 new jobs when you look over in mining. The market's not really responding to much here in part because they're watching this wage number you guys. Wage growth was 2.6 percent year over year. It's still not gangbusters in terms of getting a raise. If you have such a tight labor market, why aren't we getting more raises? We have not seen the strength in that part of the job market filtering through yet into paychecks the way you'd like too guys.
CAMEROTA: OK. That's huge - - I mean there's just no way other way to slice it as you point out.
ROMANS: It's - - it's a strong job market. It has been a very strong job market and this - - the lowest unemployment rate since 2000. And when you look at the underemployment rate you guys, that's the people who are working - - not working up to their potential really, out of work, or working part time but want to be working full time. That's about 7.8 percent. That number is also falling here. So that's another good sign.
CUOMO: Yes. It's really interesting. I got to look into it. I have to see which of the industries are moving, why they're moving. Where you see the different wage inefficiencies? That's the right question. We have to figure that out.
ROMANS: You're going to be hearing a lot from companies who are saying they can't find the workers.
ROMANS: And at some point that is going to have to translate into higher wages. And we just haven't seen that yet. But anecdotally when you talk about transportation, warehousing, trucking, engineering, technology, everyone - - they say they're looking for work.
ROMANS: So that's a really interesting part of - -
CUOMO: It raises the issue of who's training the people to be the workers. Right now we're trying to take them from abroad. We have to make them at home. Christine, thank you very much.
ROMANS: You're welcome.
CUOMO: Appreciate it. All right. So critics are saying that President Trump's assault on the truth is diminishing faith in America's institutions. Former Senior Advisor to the President Obama, Valerie Jarrett, what does she make of this? What does she make of the attacks on the Administration she was a part of? Are they fair? Next.
[08:42:06] (COMMERCIAL BREAK) [08:46:12] ALISYN CAMEROTA: The story about the hush money payment to Stormy Daniels continues to change, forcing White House Press Secretary Sarah Sanders to dance around her previous denials. And the President's lawyer, Rudy Giuliani calls the FBI agents who raided Michael Cohen's apartment and office, quote, "storm troopers". What if the long term effects of these attacks on institutions? Joining us now is Valerie Jarrett. She's a Former Senior Advisor to President Obama and Former Chair of the White House Council of Women and Girls. She will be headlining the United States of Women Summit tomorrow. Valerie, great to see you.
VALERIE JARRETT, FORMER SENIOR ADVISOR TO PRESIDENT OBAMA: Thank you Alisyn. It's a pleasure to be with you. We're so excited about the summit this weekend in L.A.
CAMEROTA: I'm going to ask you about that in one second but the breaking news that we just said moments ago were the new job numbers, the lowest in anybody's memory, 3.9 percent unemployment rate. It's in 15 months of Donald Trump's Presidency. Do you give him credit for that?
JARRETT: Look, I think we have to look at it over a longer horizon than that. If you think about what the economy was like when President Obama took office. And we were losing 750,000 jobs and under his watch the unemployment rate dropped in half. And it's encouraging to see that we're continuing to make progress. We want to see wages go up, but I think that's an important focus. And I was glad to see you talk about that too. So for the workers out there that are back to work today, I think it's very encouraging.
CAMEROTA: OK. So before we get to what we're seeing this week from the White House between Rudy Giuliani and the President and Sarah Sanders, etcetera I do want to talk about what you're doing tomorrow and that's headlining this U.S. - - the United States of Women's Summit. What is your message to women at this moment? I mean particularly this Me Too Movement and everything else that's happening.
JARRETT: Well Alisyn, we're seeing all across the country is an enormous amount of energy and passion. And our goal for the summit is to help turn that into action. You're right. You mentioned Me Too and Time's Up. We have the young students from Parkland. We have the advocates for DREAMers. We have so many young people and women in particular who are running for office. According to the Center of American Politics, Women in Politics, over 500 women now want to run for Congress and countless others at other offices.
And so what we really want to do is to give women the tool kit that they need to empower them to be forces for good and to fight for equity in their own communities. And we're going to put the spotlight on what is working and so much is working. There are so many extraordinary women who are fighting on behalf of equity every single day. And let's share that wealth and encourage others to do the same.
CAMEROTA: I know that you're speaking on a panel about the path for women in politics and it's fascinating to hear the spike of interest of women who are engaged now. Do you think that in this climate, with Donald Trump as President the path for women has gotten easier or harder?
JARRETT: Look, it's always hard in politics. It's a - - it's a tough sport and I have enjoyed spending half of my career in public service, but running for office is very difficult. But then there are groups like "Run For Something", run by a young woman named Amanda Litman and she's helping people run for office, matching funds, giving them the tools that they need to understand how to do it. And as I travel around the country what I've heard is people who now understand as citizens we have to all engage. That's good news.
CAMEROTA: So Valerie, when you watch what's happened, let's just say this week. OK? Coming out of the White House with Rudy Giuliani changing the narrative saying that President Trump did actually reimburse Michael Cohen, his long time fixer for this hush money to Stormy Daniels and - - and everything else that's happened this week. What goes through your head?
JARRETT: Well it's impossible to keep up with all the twists and turns and I - - I guess what I'd say to you is this Alisyn. And Chris Cuomo mentioned it at the top of the hour, credibility. And for the President that I had the pleasure of serving, President Obama, there was just nothing more important to him than his credibility, his honesty, his directness and his transparency with you and the press, and of course, the American people and his own team. And he spent a lot of time and energy and focus on you. And - - and -
[08:50:15] JARRETT: - - not on himself and thinking about what could we do to make our country strong, vibrant, grow our economy, make sure everybody gets a fair shot. And as a result of doing that in his first term he was re-elected for a second term. And so that's the basis of comparison I have.
CAMEROTA: And - - but when you hear people like Rudy Giuliani calling the agents who went into Michael Cohen's apartment and office "storm troopers" and all of the things that the President has said about the "witch hunt" of Robert Mueller's investigation. Witch hunt, that's what the President calls it. Do you think this is a moment in time that will pass? Or do you worry that there's some sort of lasting damage to institutions?
JARRETT: I have a lot of confidence in the strength and resiliency of our democracy and I think that for those who are out there who are frustrated. They should think about what President Obama said when he left office which is the most important office is that of citizen. And we all have the opportunity with mid-term elections coming to get out and vote. To make our voices heard. To encourage people who we have confidence in to run for office. I mean, one terrific person Stacy Abrams is running for governor down in Georgia. She's terrific. My former staff member Buffy Wicks is running for - - Buffy Wicks is running for assembly out in California.
There are countless women around the country and men for whom we should support who share our values. And so I don't think that we should give up on our democracy. It has withstood a lot of stress tests in the past and I am confident that we will come out stronger if people get out and let their voices be heard. And that's a big part of tomorrow is to help people understand how they can make an impact in their own communities. How they can be forces for good.
CAMEROTA: Former Senior Advisor to President Obama Valerie Jarrett, thanks so much always great to - -
JARRETT: You're welcome.
CAMEROTA: - - get your perspective on all of this.
JARRETT: Thank you Alisyn.
CHRIS CUOMO: So are you one of us who has their name mangled on a regular basis because it's ethnic or just hard to stay - - to say. Deputy Attorney General is Rod Rosenstein. He gets called Rosen-steen all the time even by those who say they know him. So it's all good says Jeanne Moos another tough name to say. She's going to put her spin on it next. I called her Moose once.
[08:52:30] (COMMERCIAL BREAK)
[08:56:23] CHRIS CUOMO: All right. Last year we shared the story of Coach Khali Sweeney a top 10 CNN Hero from Detroit. He uses boxing, puts kids on a path to academics, success. Gets them to understand structure and discipline and sacrifice. His story of perseverance has inspired many. But it really struck a chord with a Social Studies student from Alton, New Hampshire who wrote Khali a letter as part of an assignment. She had no idea the power she had to inspire.
(BEGIN VIDEO CLIP)
UNIDENTIFIED FEMALE: (inaudible) come up here for a second. Remember we said that you wanted to Skype with us?
UNIDENTIFIED FEMALE: Yes.
UNIDENTIFIED FEMALE: You decided to do a little more than that. Can I introduce Mr. Khali Sweeney from Downtown Boxing Gym his program (inaudible) Michigan.
UNIDENTIFIED FEMALE: I am so, so honored to meet him. Meet someone like Khali Sweeney who changes lives every single day.
(END VIDEO CLIP)
CHRIS CUOMO: For the full story on Khali's surprise visit or to nominate someone who you think should be a CNN Hero you just have to go to CNNHeros.com.
ALISYN CAMEROTA: I love that reveal. That is - -
CUOMO: I love it and I love what he does. You know, when I learned about him I looked at that program and it reminds a lot of what we see with the police athletically. You know people think you're teaching kids to fight. That's not good. You're encouraging violence. The opposite is true. Teach them confidence, structure, discipline, give them a sense of themselves. It's awesome.
CAMEROTA: Meanwhile a rose by any other name would smell as sweet but what about a Rosenstein or a Rosen-steen. Here's Jeanne Moos.
CUOMO: Or Moose.
(BEING VIDEO CLIP)
JEANNE MOOS, CNN CORRESPONDENT: Caught between a steen and a stein is Rod Rosen-whatever.
STEPHEN COLBERT, TELEVISION PERSONALITY: Remember Rosenstein?
UNIDENTIFIED FEMALE: Thank you Mr. Rosen-steen.
UNIDENTIFIED MALE: Rod Rosenstein.
UNIDENTIFIED FEMALE: Deputy Attorney General Rosen-steen - - stein.
JEANNE MOOS: No wonder someone finally popped the question.
UNIDENTIFIED MALE: How do you pronounce your last name?
DEP. ATTY. GEN. ROD ROSENSTEIN: There's not right answer to that question.
MOOS: No right answer?
UNIDENTIFIED MALE: It's alive!
MOOS: Take it from this guy's creator.
UNIDENTIFIED MALE: Frankenstein!
ROSENSTEIN: My father pronounces it stein. That's how I pronounce it.
ROSENSTEIN: Good morning I'm Rod Rosenstein.
I actually have relatives who pronounce it steen. So I'll answer to either one.
MOOS: Will he answer to this guy?
PRESIDENT DONALD TRUMP: Rod Rosenstein.
UNIDENTIFIED MALE: Welcome to the Judiciary Committee Mr. Rosen- steen.
UNIDENTIFIED MALE: Mr. Rosenstein.
JEANNE MOOS: Please I don't have much sympathy for all those steens and steins out there. Not with a last name like Moos.
UNIDENTIFIED MALE: Moose. MOOS: In German, the second vowel usually takes precedence. So the "ei" in Rosenstein is pronounced "stein". But then this guys name should be "Whiner".
UNIDENTIFIED FEMALE: Anthony Weiner.
MOOS: Weiner is an exception to the rule. Sometimes neither choice is great. You want to be a Weiner or a Wiener? There was some whining on Reddit about the Special Prosecutor. Does anyone else read the name Robert Mueller and pronounce it like Ferris Bueller?
MOOS: But this is Mueller, Robert Mueller. Though he sometimes get the Ferris Bueller treatment.
ROD ROSENSTEIN, DEPUTY ATTORNEY GENERAL: - - to consult with Mr. Mueller.
MOOS: Sometimes it takes a stein to know one. Diane Feinstein.
SEN. DIANE FEINSTEIN, CALIFORNIA: Yesterday Mr. Rosenstein.
UNIDENTIFIED MALE: Mr. Rosen-steen welcome.
MOOS: Stein, Steen, it's creating a monster.
MOOS: Jeanne Moos, CNN. New York.
(END VIDEO CLIP)
CHRIS CUOMO: Abby.
ALISYN CAMEROTA: That's awesome.
CUOMO: I got it from a woman the brain. Abby, what was your last name? Abby Normal. You got me an abnormal brain?
CAMEROTA: There was so much there. But why do you pronounce your last name Moos? And is that - - how would you ever spell Moos? I know it's not Moose like you said.
CUOMO: Moose. I learned that the hard way. That's when they say (inaudible) Frankenstein. I get nervous every time I see this.
CAMEROTA: Time for CNN News with John Berman and Poppy Harlow. CUOMO: Har-low.