The New York Times had a headline on its website - Trump Turning To Ultra Wealthy To Steer Economic Policy. This doesn't sound very populist to me. Today's commerce secretary, the names being talked about for treasury secretary, I think there will be populist talk but maybe no populist action.

Politically, Donald Trump doesn't seem to care much about what he says. He gauges the effect. Sometimes, in the middle of a speech, he will change his direction if the audience doesn't like him.

You have this all the way through this cabinet so that I think there are a lot of other things to worry about [Donald] Trump. But in conventional political terms, this is a cabinet that I think is going to have a very hard time delivering to the base that Trump courted in this election.

[I think there are a lot of Americans who are very scared ] that Donald Trump and his campaign, or his future administration, is just in denial. They just want to say, no, no, no, [Vladimir] Putin couldn't possibly have done this.

God forbid that Americans earning, say, more than $1 million a year be asked to pony up a little more in taxes to support a larger military at a time when, we are told over and over, the country is in the middle of a war on terror. Millionaires can't be asked to sacrifice even just a little bit. No, they deserve to have their taxes cut while others fight and die.

If you really want to change the Trump administration, you have to change the guy at the top. And that's not happening anytime soon. But, again, where I do think where you will see some movement is on this economic side, where I suspect, for example, this is a victory for China, because Trump was - I mean, Bannon was the hawk on China trade.

The madman theory can work, but it only works if it's strategic. And I think one of the problems that President Trump faces is people don't really know how much strategy is here and how much is he just sort of talking off the top of his head. And I think North Korea is a really classic case of a potentially insoluble problem, a problem that you have to manage.