maria: blake thank you so much blake burman white house before we do joining me first television interview since leaving trump administration, is former insinuate secretary of the treasury for public affairs former assistant secretary under steven mnuchin is here great to see you. >> great to be back. >> congratulations on a great run at treasury you are now going to private practice we are happy you are here. >> great to be with you -- >> what do you think about china story you heard blake talking about, whether or not the president is briefed, how often is he briefed in terms of meetings when mnuchin goes to beijing. >> first and foremost the president is the force on policy there is regular communication between delegation and president naturally in this instance i am not sure that is what led to the tweet. but, more importantly, maria i think the president is convinced now more than ever as economic team we have o he leverage with china their economy is slowing increasing did he manned from middle class companies as we are seeing potentially moving supply chains out of china. >> a lot

maria: blake thanks so much blake burman the latest interest joining me right now tennessee senator member of the judiciary armed services committee mar marshall blackburn. >> absolutely. >> we are talking about this white house summit you are urging bike tech to protect young children what do you want out of big technology? >> well what i would like to see, out of big tech is some responsibility and accountability. and maria, they go in and subjectively manipulate algorithms opens doors to children like senate senate letters i sent this week deals with the way pornography is made public, on their site. and this is made available ratings are wrong on these apps, children are seeing this they need to adjust those ratings, and also, parents need to be aware, you need to give parents the tools, to block this. these videos, that are deleted, this becomes a child predator's dream, for contacting children, and there are several cases, where pedophiles have used snapchat to contact and to coerce these children. >> unbelievable. maria: it is unbelievable. maria: feels like this is one issue big te

blake burman thank you so much blake burman at the white house, joining us now, what do you make of this deal? >> well, i am not exactly happy about it, i came to washington to make things better, not make things worse, certainly, our military had many -- many did epletio ins i hear about problems with cybersecurity a lack of -- advancement in space, we are losing to china we are losing to russia so these things are very important, but onsame note not a compromise when you say as long as you get what you want i get what i want, that is a deal, that is to me not a compromise we need to make sure better more tougher choices. >> at "the wall street journal," if we are he hoping some spending restraint might occur at some point what is the what is the possibility there? have do you see this -- at the -- two years, after a trump reelection? i mean, i am just i don't see the constituency any more in washington to cut spending a lot of taxpayers would like it i don't know how many of your colleagues are to thfor this. >> he we positive feel we came to congress to do things not can i have but be

overnight blake burman live at the white house this morning with some reaction good morning to you. reporter: good morning to you trying to figure out what happens next there is no formal publicly laid out schedule for potential talks between robert lighthizer u.s. trade representative steve mnuchin treasury secretary and the top negotiate for china, i am told maria at least as of this morning, the expectation is that there won't be any face-to-face discussions this week. on friday, lar larry kudlow said face-to-face discussion would happen some point quote in the near future, confined of piqued interest when this could take place over weekend president trump was asked if those talks would occur this week, and he would only say the following. listen. >> doing very well with china that is right meeting -- where most importantly doing very well with tariffs. we are taking in billions and billions of dollars, with china, we have never taken in 10 cents from china, china -- ripped us off during obama and biden's in office -- and --. reporter: in a rare address china vice president told

maria: blake we will watch blake burman at white house joining us right now florida congressman member of the house judiciary oversight reform veterans affairs committee greg steube thanks for joining us. >> good morning. >> so reaction to the prove indications out offiran what u.s. needs to do to respond. >> i think, i know, we should absolutely not allow iran to get any type of nuclear capabilities so any defense that i think we need to make sure we defend our assets there, in the illustrates, ain the straits the president is doing made a very strong commitment to doing that. >> james freeman here iranians i believe passed two thresholds essentially of violating commitments on nuclear enrichment, fuel do you get a sense they may actually want to turn back from this path they may be seeking a deal now? or do you -- do you think we are just headed toward more and more tension as the president applies pressure with sanctions? >> well, i applaud the president for applying those sanctions i think i that is what he needs to do, i think that is getting them to the table the president made v

charles: blake burman thank you very much along with trade talks picking back up fed expected to announce a rate cut wednesday, then that july jobs' report on friday, joining me now chairman of laffer associates former a regular economic advisory art laffer is there some they are thing that comes with that presidential award i know if in england would call you sir art will have a here and there has to about something else that comes with that i love it charles i love it i love it just the must wonderful day of my life. >> the china trade situation, you know, it is we -- the white house felt like have 09 to 95% there, send the report send the agreement over comes back all marked up like one might have high school term papers. and feels like starting scratch how do we handicap this. >> i think going to be happen it makes no sense not to happen. it is go a forward china good for the u.s. good for everyone, but these are negotiations you will have those upset-ups and downs i have a dollar bet with wood woodward a deal within six months and another bet with wood woodward we have deal 12 months

much deirdre bolton we have house passed two-year spending agreement despite republican objections, blake burman live with the latest now at the white house, good morning to you. reporter: good morning to you one very rare times president trump ended up coming down on same side, as nancy pelosi, and house democrats. the whose yesterday, passing this budget cap debt sealing with support 219 democrats, 132 republicans as opposed it, president trump urged republicans support the bill but republican decide committee house freedom caucus did not citing run away spending. >> it is one of those things, that i lobbied for, more conservative legislation, i lost. and yet at the same time, i obviously, respect the president's position in that. reporter: lifts debt ceiling two years raises spending 320 billion dollars above the cap that was set during the 2011 is he sequester the president touted increase in military spending defense department will have a budget totaling 738 billion dollars. he visits pentagon to celebrate new defense secretary yesterday, just before the vote. >> we're giving our wa

the hill this morning, executives are from apple amazon dwoog about facebook grilled in house and nat blake burman live with more. reporter: good morning to you as well not end there go here we go again for facebook later today as that company will get the chance, once again, to -- try to defend its plan to get into the cryptocurrency space head of kaleeb brother will appear before the house financial services yesterday, that project introduce you immense ingenuity share odd brown says he is concerned it could become next uncontrollable house fire for that a company. >> facebook is dangerous. now facebook might not intend to be dangerous but surely they don't respect the power of the technologies, they are playing with like a toddler has gotten hands with a book of matches facebook burned down the house over and over, and called every arson a learning experience. . reporter: senate judiciary committee raised concerns with major tech companies about issues of krens orship antitrust, google said that it competes for perps with yelp amazon travelosity facebook noted snapchat lawmakers were ske

dagen: thank you, blake burman at the white house, joining us now, former german defense economic minister under angela merkel kt gutenberg where does this go from here again, if our goal is for iran to come back to the table and renegotiate a deal negotiate a new -- nuclear detail it would require us locking on for allies -- >> that is tdifficult part never as disunited on topic as right now that is one of the realities we have to face, we have on one hand, iran -- that is reality absolutely, iran that in my opinion wants to come back to the negotiations, negotiating table using every single opportunity right now to -- existing within group of six specifically, between the european part of the group of six and u.s. the coordination to be honest quite poor across atlantic at the same time, the russians an chinese do understand that, as they take most out of that so the group of six, is such currently in my opinion nonexistent plays into toxic combination where on one hand, a couple of people say, this is -- closer to risk of military confrontation than ever others say will never happen, an

maria: blakeing news, morgan stanley out with second quarter numbers. let's get to lauren simonetti with the numbers. lauren: this is a double beat, earnings per share, $1.23 versus the estimate, maria, which was $1.14. revenue was a beat, coming in at $10.24 billion in the second quarter versus the expectation of $9.99 billion. the stock is down 1%. trading revenue in the quarter, down 17% at $2.73 billion. investment banking revenue big for morgan stanley, coming in at $1.59 billion. and asset management net revenue, $3.22 billion. most of the business that morgan stanley gets, most of the revenue from those businesses comes from fees. so i'm looking also to see if we get anything on fees just yet. but this is the last of the major banks to report and it looks like the numbers, although the stock reaction is a little better now, still negative. the numbers on the top and bottom line did beat, maria. maria: maybe the reaction is because of the decline in trading revenue, lauren. thank you. lauren simonetti. tom brown is with us this morning from second