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00:00ON THE NATIONALIST ECONOMIC AGENDA OF RETURNING MANUFACTURING, CREATING MORE JOBS, BRINGING BACK THE TRADITIONAL AMERICAN ECONOMIC BASE. SO MANY OF THEIR ISSUES WE HAVE ECONOMICALLY ARE DUE TO STRUCTURAL DISPLACEMENT, AUTOMATION, AN AGING WORKFORCE, A WORKFORCE THAT WORKS IN DIFFERENT WAYS AND HAS DIFFERENT SHIPS JOBS -- SHIP -- SHIFT JOBS. THE ROBEY A VIEW THAT HE WAS MUCH TOO BLASE AND TAKING US FROM 2% TO 4% JOBS. THERE'S NO QUESTION THAT WALL STREET AND THE TITANS OF INDUSTRY VIEWED AS FAVORABLY. THE IRONY IS, THE PEOPLE WHO ARE MOST LIKELY TO BACK HIM, WHITE WORKING-CLASS VOTERS FROM THE RUST BELT, THOSE ARE PEOPLE WHO HAVE YET TO BENEFIT FROM THAT HUGE INCREASE IN THE MARKET FROM THESE KIND OF POLICIES. IF HE DOES NOT MAKE GOOD ON THAT, IT WILL BE A BIG PROBLEM FOR HIM IN THE REPUBLICAN PARTY. >> THE PRESIDENT TALKED ABOUT CIVILIANS AND HAD GUESTS IN THE AUDIENCE. ONE THING THAT STRUCK ME, IS THAT TWO WERE AFRICAN-AMERICANS. THE YOUNG WOMAN WHO GOT SCHOOL CHOICE AND THE GENTLEMAN'S WHOSE SON WAS KILLED BY AN UNDOCUMENTED PERSONS COUNTRY. DONALD TRUMP ONLY GOT 8% OF THE AFRICAN-AMERICAN VOTE. WHAT WAS THAT SPACECRAFT ABOUT? ED: IT WAS ABOUT IMPROVING THOSE NUMBERS. REPUBLICANS HAVE WORKED IN DISBELIEVING THAT -- IT WAS JEB BUSH THAT SAID AND QUOTED RONALD REAGAN THAT SAID MOST AMERICANS ARE CONSERVATIVES THEY JUST DO NOT REALIZE IT YET. THIS IS A REINCE PRIEBUS AND SEAN SPICER OF SESSION. TRUMP HIMSELF IS INTERESTED IN DOING IT. HE BELIEVES IF GIVEN A CHANCE HE WOULD WIN THEM OVER. WE WILL SEE. HE HAD DONE NOTHING TO HELP HIMSELF AMONG HISPANICS AND LATINOS IN THIS COUNTRY GIVEN WHAT HE IS TALKED ABOUT AND WHAT IS DONE REGARDING IMMIGRATION IN RECENT WEEKS. YOU NOTICE IT IS NOT INVITE ANY LATINOS TO SIT IN THE BALCONY. THE WOMAN WHO WAS THERE AS THE EMBLEM OF COOL CHOICE. ANOTHER PERSON THAT JEB BUSH TRAVELED WITH DURING HIS CAMPAIGN. SHE IS A SYMBOL FOR MANY REPUBLICANS OF THE BENEFITS AND THE SUCCESS POTENTIAL OF SCHOOL CHOICE. IT IS A BIG CONCERN OF THE PRESIDENT. IT IS SOMETHING HE WILL BE TALKING ABOUT ON FRIDAY AT A CATHOLIC SCHOOL IN ORLANDO. THEY ARE DEFINITELY TRYING TO BROADEN THE APPEAL TO DO WHAT HE CAN TO WIN OVER AFRICAN-AMERICANS AND LATINOS VOTERS AND UNION HOUSEHOLDS AND TO FIND WAYS TO CONTINUE TO CUT INTO THE DEMOCRATIC DIASPORA. AS POLLING HAS BORNE OUT IN THE EARLY DAYS OF HIS PRESIDENCY, HE IS NOT MAKING MUCH OF A DENT DESPITE HIS ATTACKS. >> THAT WAS A SPENDING SPEECH AS THEY SAY MY HOUSE. >> HOW IS ALL IS GOING TO GET PAID FOR? >> THAT IS THE BIG QUESTION. ONE THING THAT HAS BEEN TALKED ABOUT IS THE BORDER TAX ADJUSTMENT TAX WHICH IS PROJECTED TO RAISE $1 TRILLION. THERE SEEING HUGE MOBILIZATION AGAINST IT. THE CORPORATE TAX RATE WOULD JUMP DOWN. YOU WOULD ALSO PUT A BIGGER LEVY ON IMPORTS. YOU WOULD ENCOURAGE AMERICAN MANUFACTURERS TO KEEP JOB AND REDUCTION AT HOME. YOU WOULD DISCORDS THEM FROM IMPORTING -- DISCOURAGE THEM FROM IMPORTING GOODS FROM ABROAD. THERE'S A BIG SECTION OF THE AMERICAN ECONOMY THAT IMPORTS MATERIALS. THAT WOULD BE IN THE RETAIL SECTION. THEY ARE ALREADY RUNNING ADS AGAINST IT. THIS IS A CORNERSTONE OF THE PAUL RYAN TAX LIEN TO GET THIS $1 TRILLION THROUGH. IT IS ALREADY LOOKING DEAD ON ARRIVAL. THE MINISTRATION CANNOT AGREE BETWEEN THE VAN AND AND -- STEVE BANNON AND A MEMBER OF GOLDMAN SACHS. IT IS VERY DIFFICULT TO COME UP WITH THE MONEY. YOU LOOK AT HIS MILITARY SPENDING AND TAKING THAT UP. HIS BUDGET LOOKS DEAD ON ARRIVAL. IT WAS A GOOD NIGHT FOR HIM. IT WAS A GOOD SPEECH GIVEN THE LOW EXPECTATIONS THAT WERE OUT THERE. HE JUMPED OVER THE BAR AND HE JUMPED OVER THE BAR QUITE CLEANLY. THE TASK OF GETTING THE AGENDA THROUGH, WELCOME TO WASHINGTON. GAME ON. LET'S SEE IF YOU CAN FORGE ANY TYPE OF AGREEMENT WITHIN HIS OWN PARTY, LET ALONE GET SUPPORT HE NEEDS ACROSS THE ISLE TO GET THIS STUFF THROUGH. ED: TO THE POINT, IT WILL BE ALL ABOUT HOW TO PAY FOR THESE THINGS. THAT IS WHY THE NEXT FEW MONTHS WILL BE TRICKY FOR REPUBLICANS. IT WILL BE A REAL TEST OF HIS PATIENTS. IN A FURTHER EXPOSE WHETHER HE IS EMBRACING CONSERVATIVE ORTHODOXY, ESPECIALLY ON FISCAL ISSUES, OR WHETHER HE IS SCREWING, SPEND THE MONEY. IF THAT HAPPENS, THERE ARE AT

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BCG's Zhang Sees Reform Implementation at China's NPC

BCG Partner and Managing Director Yue Zhang discusses what to expect at China's NPC meeting, and talks about China's economy and financial services sector. She speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

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