President Obama's former chief of staff and current Chicago Mayor Rahm Emanuel has some advice for the Trump administration following last week's failed health care vote.

"You better seek singles, not home runs," Emanuel told TheStreet, adding that Trump needs some wins on the board. "Because right now you have an overpowering, overwhelming loss on the record."

While Emanuel acknowledged the health care blunder was embarrassing for the Trump administration, he cautions those who are drawing conclusions about what this means for the rest of Trump's presidency.

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"You're two months into it out of a four-year term," he said. 

Emanuel also hopes the Trump administration learned from last week's health care debacle.

"If you're telling me that there are no lessons learned after this last week, I know everything I need to know," Emanuel said. "It's not how you handle success - it's what have you learned from your failures."