Transcripts For FBC Bulls Bears 20240714

Down nearly 334 points. The president just weighingin on all of this tweeting moments ago quote what the market wanted to hear from and the Federal Reserve that this was the beginning of a lengthy and aggressive rate cutting cycle. Which would keep pace with china the European Union and other countries around the world. Powell let us down but elysses and in quantitative tightening which should not have started in the first place. No inflation. We are winning anyway but im still not getting much help from the Federal Reserve. So steve, is this fair criticism given the strength of the economy . I think jay powell is simply trying to save face. He had to reverse himself for from last year and now he is saying , we will do it our own way. But there will be another cut by the fall. Kind of a big yawn. December should have happened i dont think today should have happened. Today is just a reverse, one thing that should have happened there for the second thing had to happen. Im not so sure we will see september. I think the you can kind of watch and see what happens. Gdp was a little slower than we want manufacturing and housing does not feel as good but Consumer Sentiment and the 18 year high it just feels to me that you know we should wait and see before we start using all of our weve had five rate cutting cycles over the years. Usually is not one and done. In fact none of them have been. It is usually multiple but theres never been a rate cut during an area where youve seen 50 year low and unemployment, on the best economic rate weve had in 10 years. Why cut Interest Rates if we are at such positive levels . You know can i jump in for a second . I want to echo off of what you said, robert. He didnt think there should be rate cut neither did i. Yet, there was and i think one of the reasons we do not believe the fed should have cut is because it has been asset inflation in the wall street journal they have covered that extensively. This week they didnt expose one of the biggest asset classes, real estate. People cannot afford homes. We see the price of real estate go up and people cannot actually move into them. It is the biggest problem we are having here. I think the reason the market went down today is because 70 percent of the market was anticipating a cut. In september. And actually we did not get the guidance. So the market was you know, upset. The fed took away the punch bowl. Theyre getting punchdrunk love off of you know low Interest Rates which should not be there. The fed is trying to tame asset inflation. Just to finish up my thought, if you cut once instead of multiple doesnt show that you are knuckling under political pressure . I mean is not the signal youre giving the market at this point . I think it was december. Request no, what powell is doing there will be another rate cut but he wants to say it will be data driven, not responded to the white house. And when you get beat up each day you want to show im not going to cow to it. Even though they focus on the Federal Reserve if you get the uncertainty about trade, particularly potential of auto tariffs later this year, you will see the market go up, investments start, investment, cap x. And the fed will be as it should be irrelevant. Can we avoid or ignore what the europeans are doing with the negative Interest Rates . We will not have a new head of the European Central bank who believes in negative interest. 13 trillion worth of questions, the geopolitical risk is high and slowness around the globe is real but it is not really slow here. We are chugging along and do okay and will see recession on the horizon. I think to steves point, if we have Something Like the tariff and the trade and uncertainties continue, Business Investment slows, manufacturing slows and housing slows then yes, we will see i am not so sure about that. Monetary policy can overcome structural problems. In your said massive taxes regulations and the like, in this country are some trade uncertainty. Get those out of the Monetary Policy cannot cure uncertainty in bad fiscal regulatory policies. I dont know about you but i feel bad for jerome powell. He was personally selected by the president but its like he can you know right at this point. He did make a mistake in december. Part of this as robert is saying you are agreeing he had to make up for that. He had to. What is the mistake . He was raising rates when he should not have been in december. Obviously very conscience as the dollar has been exceptionally strong and the president is trying to find a way where the dollar can get weaker and viscvis a rate cut as well as another one in september would help them do that. All right, democrats swingingb debate fighting to keep their campaigns alive against progressive candidates warren and sanders. And calling the policies fairytale economics. 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I do because i wrote the damn bill the democratic divide on display last night as the moderates due to that with progressives battling over what voters really want and how it will be paid for, if ever. It could get more huge and i was joe biden and Kamala Harris faceoff, Hillary Ivana standby in detroit where preparations are underway for the second round. Hi hilary. Reporter hey, david. Former Vice President joe biden left his walkthrough fox theater about 45 minutes ago and we did get a sneak preview into what his strategy is heading into tonight. His Campaign Says hes ready to take down any quote flat out lies about his record from any candidate on the stage. Hes also looking to point out differences in his health plan when senator Kamala Harris s health plan. This around to it last night very public tugofwar between progressives and moderates. They want a Winning Strategy take the president on a 2020. I think we are going to force america to make his radical changes, they are not going to go along you have you have not implement to the plan. Can i just bring a plan on the world and expected to succeed. Every credible poll ive seen has me beating donald trump. Hillary clinton was winning in the polls to. We talked about taking private Health Insurance away from Union Members and the industrial midwest. We talked about decriminalizing the border. We talked about giving free healthcare to undocumented workers when so Many Americans are struggling to pay for their healthcare. I quite frankly do not think that is an agenda that we can move forward on and win. Joe biden and harris will be the center of attention, there are eight others going to anastacia. And one said he would yell over them he has to. But he added in all seriousness, he thinks the debate format allows for new voices to make their way into the conversation. Entrepreneur, andrew yang is directing differently hes wearing a tie or did to the walkthrough. After he did not wear a tie on stage in miami. [laughter] all right, well see if that helps hilary, thank you. Robert a question, did the antibusiness message of bernie take a real hit last night . You know i was obviously an agreement with a lot of what tim ryan said and delaney, we talked about where i am politically but last night i think the reason it was a good night for warren and sanders is because they stuck together like a tagteam. They got 35 minutes, were expecting them to square off because they are fighting for the same lane and they decided to kind of play their kumbaya moment. Therefore it look like they were really in sync where the other eight i think they actually had a lot of great things to say, medicare for all, im not in favor of. I am not in favor decriminalizing, Student Loans we cannot say all forgiven. That being said it was a shoulder to the head one third of the time. It was a good night for her, Elizabeth Warren but not so good for Bernie Sanders. He came across as a shouting come out of it, not what he was four years ago. And so she is emerging as the radical progressive, not Bernie Sanders. One of the moderates, john delaney reporting a fundraising search today after this exchange with Elizabeth Warren at last nights debate. Listen. I think democrats win when we run on real solutions, not impossible promises. When we run things that are workable not fairytale economics. You know and understand what anybody goes to all the trouble of running for president of the United States just to talk about what we really cant do and should not fight for. [cheering] lets bring in the National Press secretary for delaney. What is your response to that exchange that we just played . Listen, i dont understand what lou gorn is so scared to have a sensible debate. What we need to do is a countries talk about why medicare for all is the wrong path forward. Medicare for all was triply hundred 50 million americans from Health Insurance that they like. While congressman delaney has said is we should put for the closing of americas choices. Choices seem to be what senator sanders and warren are scared of. Lets have an honest debate. Read the press release, michael, in terms of increase in fundraiser for john delaney i did not see a dollar tag to it, if you want to enlighten us and does john really need the money . Isnt he the second richest candidate up there besides tom steyer . We can thank the president of the d c for adding this 130,000 donor crime which has now caused activists of the party to kind of take over where the conversation worth having but i can report you now that theres 2000 percent increase in donors. What is it at . Give me the figure. You and everyone else would like to know i guess you have to wait until the end of the quarter to find out. [laughter] percentages choice words on that. But in terms of the activists of the party. Is there enough support there for a candidate like delaney to get real traction or is it just far radical left, fairytale economics they go . He would have to join the republican party. [laughter] i dont think that will happen. If you look at the history of the Democratic Party was bill clinton who is the moderate, barack obama who is the moderate, able to win the nomination and go on to win the presidency. There is a history of his and john delaney has the same kind of use barack obama and bill clinton both had. What youll see in the general election, if democrats are serious about wanting to take on the president and remove them from the white house than john delaney will be the candidate to do that. It will not be sanders who was to put forth a socialist agenda or senator warren who does not want to actually have a substantive debate about what her policies would be. It will be john delaney. And michael, should we mind, my friend mr. Forbes said that 70 percent of carpools are not for sanders or warren. Just to give you an idea of where the radical left is and it would be like the midterms where we flip almost every moderate seat. That being said i want to follow up on susan his comment. If you will not tell us about the money, tell us how congressman delaney gets to two percent in the National Polls to get on stage in september because the way we look at it, democratic operative like me if youre not on stage is over. Come september it is over. I can say two things to that. I have been doing is a pretty long time. Just tell me. Will he be on stage . We fully intend to be on the stage in september. We have hit two percent and multiple polls are ready for not qualifying polls but we fully expect to hit two percent. We expect to be on the stage in september and if something happens where we are not, it does not mean the race is over. As you have seen with governor bullock you can miss one debate and still make the next. But we fully expect to be on the stage in september. We expect to be the nominee come the convention. Michael, the other question i have is regards to, we talked about medicare for all. What is the other subject, what is the other issue that tongass men delaney is going to come to the forefront want to separate himself from the pack . When it comes to Climate Change, we are leading on that with our carbon tax. Putting money directly into the hands of americans. When it comes to trade we are one of the only candidates actually support gdp. If you look at the rest of the democratic field they run away from barack obama. Instead hes embraced the policies and its something resonating across the country. John delaney has led not only a medicare for all but trade, climate and issues that really matter to american voters. Michael, governor hickenlooper today blamed bernie and Elizabeth Warren for demonizing business. His words. Would you go that far . Yes, if you look at Elizabeth Warren and the trade policies that she has put forth, those trade policies would make it illegal for the uk to engage in trade with the United States. It is not how we build a better economy. The way we build a better economy is by working with our allies. It is by engaging in trade that helps increase our economy and helps support American Workers and as an entrepreneur is exactly what john delaney will do. He is the son of a union worker. The only reason he was able to afford to go to college was because the union passed around a hat and they took up collections. That is the American Dream and it is something we can celebrate. Michael i must say that we miss you here at fox news but we wish you best of luck on the road. Good to see you again. Thank you for being here. I miss you too, david. And what will make a break the president s deal. Could come as early set. A republican senator on whether enough republicans will defect and tank the bill. Everybody around this place, democrat and republican says we need to spend less. But it is like going to heaven. Everybody wants to go to heaven. Nobody is quite ready to make the trip. Heres your buick sir. Actually, thats my buick. How are we gonna fit in your moms buick . Easy. I like that new buick. Me too. I was actually talking about that buick. I knew that. Did you . Buicks fresh new lineup is full of surprises. Current eligible gm owners get 18 below msrp on most 2019 buick encore models. Thats just over 48 hundred below msrp on this 2019 buick encore preferred. My body is truly powerful. I have the power to lower my blood sugar and a1c. 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The dealer said to boost Government Spending by more than 3 trillion prompting some republicans to say they will vote no. Here know we are one of those no votes Indiana Republican senator mike braun. Thank you for being here. Will enough republicans join you to tank the bill . I dont think so. I think that there will be enough republicans to join the democrats to basically repeat what happened in the house. But i think its a great opportunity for those of us that ran on the idea of fiscal integrity and you know, the biggest business in the world i call it federal government they need to get their act in order and it gives us a lot to talk about. The trillion dollar deficits get left off by many and maybe even liberal economists. Im a finance guy. I know it will come home to roost. And i think sooner rather than later. For me this is kind of the opening on what we need to do is try to change the dynamic care. Senator steve forbes here. Was there any possibility of getting to the house continuing the debt ceiling if that was a separate bill, theres no way nancy pelosi would default on the national debt. And in terms of spending, many times in the past, we discussed enough, here, their continuing budget resolutions. So you just stay where you are and move ahead until next time. Was there any possibility of getting that to the house . Why wasnt that pushed more . I dont think so because i believe on our end, republicans do end up holding the bag on all the reasons when it comes to the debt ceiling issues and government shutdowns. And even take blame and is divided government. I know we are the leaders and it is donald trump and we are in an Election Year i understand all of the politics. I ran for the reason of trying to do what we do in indiana, balancethe budget every year. Have a cash balance, have a cash reserve and do great things like longterm road funding. The idea of tackling a big capitol project like infrastructure cannot be done when youre running your house like this place. Senator, kevin kelley here. One of the largest expenses will be paying interest on all the debt and being that we should be in budget surpluses as you just alluded to as opposed to being in 1 trillion deficit, is exceptionally worrying. What is the number one thing that we should start to be looking at on a budget wise of cutting or slowing the growth. Is it the military expense side of the ledger, nonmilitary expenses . What can we do to right this ship . Very simple, is mandatory spending. They used to be medicaid, medicare and social security. Within a part of 55 percent of the total federal budget. That is now crept up. It has been going up and the American Public would not believe it we are in the 4 to 6 percent range each year. When you take other things are gimmicks that you could be discretionary, it is not mandatory. You do not have to make the hard decisions each year, those new mandatory spending segments things adjustments in medicare, medicaid and social critic, interest on the debt, 70 percent of the budget. We are very low control over the other 30 percent and it gets left each year. Senator, is pretty much barebones. Isnt it . With the democrats over each and every bill in terms of how to spend. They want to spend all social programs you want to increase military. There will be more of these moving forward, right . Thats the way it works now. We demand and they do on defense here we are another trillion dollar deficit. You know, when there is a reserve currency like ours, that is helping keep Interest Rates low, that is going to change down the road. You know the yearold was becoming one before italy, greece, spain and portugal came along. It shows you what living beyond your means will do. Somewhere that will change and we will be able to put on the credit card. Which make this all possible now. And ive got a bailout with kevin brady called map. If we pay Government Spending to a percentage of potential gdp, when you go above it in a good year, you pay down your debt, you build a rainy day fund. We have a lien your you can spend up to it. Hopefully will be the plan that catches stride. But we have sequestration we have budget caps, people are resourceful to get around stuff. Senator, great to see you. Thank you for being here. Appreciate it. Think you have me appear. The rich and famous flocking to italy for a google summit on Climate Change. But there punishing mother earth in the process. More on vethis blinding hypocri coming next. On select ford models, plus earn complimentary maintenance through fordpass rewards. It all adds up. Dont you love math . So get here asap because tasty deals and summer go fast. Get in or lose out on 20 estimated savings on select ford models, plus earn complimentary maintenance through fordpass rewards. Gimme two minutes. And ill tell you some important things to know about medicare. First, it doesnt pay for everything. Say this pizza. Is your part b medical expenses. This much about 80 percent. Medicare will pay for. Whats left. This slice here. Well. You have to pay for that. And thats where an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company comes in. This type of plan helps pay some of what medicare doesnt. And these are the only plans to carry the aarp endorsement. Thats because they meet their high standards of quality and service. Review aarp Medicare Supplement plans and their rates in this free decision guide. Call United Healthcare Insurance Company or go online. Visit aarpmedsuppfacts. Com to request yours. Even apply online. Any time. Oh. Speaking of time. About a little over half way and theres more to tell. Like, how. With this type of plan, youll have the freedom to choose any doctor who accepts medicare patients. Great for staying with the one you know. Or finding. Somebody new, like a specialist. There are no networks and no referrals needed. None. And when you travel, your plan will go with you anywhere in the country. So, if youre in another state visiting the grandkids, stay awhile. Enjoy. And know that youll still be able to see any doctor who accepts medicare patients. Learn more with this free decision guide. Call or go online to request yours. Tick, tick, tick, time for a wrap up. A Medicare Supplement plan helps pay some of what medicare doesnt. You know, the pizza slice. It allows you to choose any doctor, who accepts medicare patients. And these are the only plans of their kind endorsed by aarp. Whew call or go online and find out more. A listers from the likes before road president obama, leonor the capitol, katy perry and more are heading to italy in a private plane and mega yachts to discuss Climate Change in a google summit. You heard me right, gas guzzling to battle Climate Change for the entire press corps is alleging the google campers which show up in some 114 private jets. The New York Post says if those 114 flights were from la to palermo, italy would spew an estimated 100,000 kilograms of co2 into the air. It is safe to say that we are reaching the height of hypocrisy here . Yes, it completely is hypocrisy at its finest because actually theres been photos of them sitting there, sipping a plastic straws, remembering how good it was because then they finally found out is actually a small portion of the plastic in the ocean. This is a great way for them to pal around and say we are all about the environment. If they really cared about Climate Change will be giving ice to the polar bears. [laughter] my question is, why wasnt steve forbes invited . They have yachts, including a parent has 2200 horsepower diesel engines. Can you imagine . That is a gas guzzler. Sounds like a gas guzzler to me. If youre invited and they are flying you private, its hard to say no. Is all the private jets, we call that plane hypocrisy. Is typical, fake virtue. He said we are against Climate Change and have a good time. Its a great gig and everyone covers you so you get more publicity and parade your fake virtue. Is thinking about google bringing people to great climate. I dont know if it is about Climate Change. Just kidding. I do know i was not invited. In palermo, it cost 900 per night. Above my pay grade. I couldnt tellyou. It happened so often before think of algoma al gore and his home he says it wait a second have to understand. Hypocrisy because you are not believe in Climate Change . No. You believe in Climate Change now. Hypocrisy is due as i do not do as i say. [multiple speakers] i will not respond to that. Meanwhile the Trump Administration considering new pallets on importing Prescription Drugs from places like canada. Does this mean youllactually be paying less for the drugs . Will ask doctor marc siegel about potential impact , that is coming next. Now, at the lexus golden opportunity sales event. Lease the 2019 es 350 for 379 a month, for 36 months, and well make your first months payment. Experience amazing. You wouldnt accept from any one else. Why accept it from your allergy pills . Flonase relieves your worst symptoms including nasal congestion, which most pills dont. Flonase helps block 6 key inflammatory substances. Most pills only block one. Flonase. The Trump Administration announcing a plan that could allow you to import Prescription Drugs from canada. That way americans would benefit from the deals big pharma makes with other countries. Here now is fox news medical correspondent, doctor marc siegel. Good to see you. Good to see you, david. How would this work . It starts at the state level. Services allowing states to decide whether they want to bring in drugs from Foreign Countries that may be selling for less money there then we are paying for them here. And the key here is that they have to be of quality that the fda would approve. And say there is no difference, you not bring you back something that could be dangerous to our citizens. Youre not bring back a different chemical. Youre simply bringing back something we know of that we are aware of selling here already but selling less. Looking at it as a global market. Doctor siegel, in the last week, Bernie Sanders took a group of people over the border to go by insulin which i think is selling at 335 here and was selling for 37 over the counter there. Is that something that u. S. Citizens will be able to buy Something Like insulin at 37 with this . Yes. The short answer is yes. That is the idea. I think a lot of people especially conservatives do not like this idea. The reason they do not like it is because it seems to be a way of manipulating the market rather than a freemarket idea but i also do not like the idea that other countries are freeloading off of drugs. Many which are made here. That bothers me and i dont like that my patients are not getting medication. You would grieve insulin islam for 37 elsewhere we should be able to buy it at 37 . You bet i also think by the way that we are jumping to the head of want to get the latest insulin without necessarily thanking one but the older insulin . Maybe it is just as good. So we go past generic, passed by a similar. I also know that they have a task to get bio similars on the market. Maybe the exact same drug but a slightly different transfer. My question before the panel. When we think this will pass . Is going to pass in the next couple of months. It will not be actionable for another year or so. Were not talking about anything before 2020 or 2021. Is this going to impact the pharmacy benefit manufacturers . Will impact the drugmakers . Who will this actually can impact on the market basis . Good question hoping will impact the patients. But as wilbur know they bear the brunt of when list prices are too high. The list prices high come benefit manager with the Insurance Company get their profit. We do not see what the price is, we want to see what the price is. The Trump Administration is working on that. When it gets to the level of the patient i want them to pay less. A lot of my patients go to the internet. They say acting insulin cheaper that way. We dont want that to happen because it is kind of blackmarket stuff and we cannot ensure quality that way. I like the idea of the fda being involved and the goal is for the patient to pay less progress what about Quality Control . Many drugs from canada coming from Foreign Countries. There is no way they can guarantee the quality of drugs coming into the country. The fda cannot do it in the current state. How do you control quality and how do you pay for the development of drugs since yes, we subsidize the rest of the world. Until we get trade agreements we do not want to shut our research here. Steve, youre asking almost unanswerable questions as usual. [laughter] he is a smart guy on the panel. Nobody is feeding the answers. Listen the answer is that one point you hitting out that i want to make we will see all of the drugs are developed in the United States. Its not really true anymore because Larger Companies are multinational and the drug can actually be developed in another country. But we pay for it that is the problem. We pay for it. I like the other the fda is an essential part of the process. Well talk about the near dear being rolled out by hhs, i will agree with you. I do not want any drug brought in here that cannot be Quality Controlled. Whether it is from canada, china, europe or wherever it is. If they cannot say to me that youre giving the same drug to your patient you cannot verify that, i dont want to hear. I want to ask about pharmaceutical benefit managers. The administration tanked on that one. How do we keep them out of this . Well, we will not. And he hinted at that as well. They will be there taking a profit. The biggest thing i felt was a step forward with pbms is price transparency. I want to who is paying what and if it will be in the copay, will it be reflected in the copay . Who is making the profits . I want to know what profit the pbm is getting out of this so the patient can be aware of it. There is a Health Ministry in canada they basically oversee the quality of the medications that go into the country. And listen to Bernie Sanders us that he says i can go 20 minutes up north and get free healthcare. That free healthcare comes a 50 percent income taxes mind you. You for the four month wait. And it depends on what procedure. [multiple speakers] your grandmother uses your name it says im her grandmother. My point is it comes with a cost. Free healthcare is not free. Is 50 percent income taxes and then by the way, the provinces that are settled with paying for the medical bills, they are right now in debt. Had to find a way to raise cash to basically make them whole once again. But we should not move off the idea that our prices are way too expensive. It is probably the one bipartisan thing that we can all agree with. We went to lower the prices. Im just wondering if it all started because of medicare, Prescription Drug plan of particular. The more the government gets involved the more you have to come up with screwy answers to get out of it. But that is the point that susan is making. I will take what side amount on think government provides quality healthcare. I think the government provides decreased quality, pays doctors less, pays hospitals less, hospitals cannot afford the research to come up with new drugs. They cannot afford research or the top stories. Will end up with a decrease quality if we go over to the other system. Medicare for all is never passing in the United States with you at Medicare Advantage to it the way Kamala Harris is saying or not. Medicare advantage is subsidized. It is subsidized but at least it is a little Higher Quality than medicare. Yes, it is. But the market is driving innovation. It shouldnt even be on the table this discussion. You were not buying what Bernie Sanders is telling us about how everything will be perfect once we have universal healthcare. I guarantee you that is not where he is getting his healthcare. Hes getting a nice private policy he does not want to give to anybody else. It will be nice if we had what congress has. Absolutely doctor thank you very much. Elizabeth warren and Bernie Sanders and slamming corporations at last night debate. New data showing workers are better off than previously thought. Details coming next. Ee your rats wont go up just because of an accident. Smart kid. Indeed. Are you in good hands . Dear tech, lets talk. We have a pretty good relationship. Youve done a lot of good for the world. But i feel like you have the potential to do so much more. Can we build ai without bias . How do we bake security into everything we do . We need tech that helps people understand each other. That understands my business. Weve got some work to do. And we need your help. We need your support. Lets expect more from technology. Lets put smart to work. 4 out of 5 people who have a stroke, their first symptom. Is a stroke. 80 percent of all strokes and Heart Disease . Preventable. And 149 dollars is all it takes to get screened and help take control of your health. Were life line screening. And if youre over 50. 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Elizabeth is absolutely right if anyone here thinks that Corporate America gives one damn about the average American Worker you are mistaken. They can save five cents by going to china, mexico or vietnam or anyplace else, it is exactly what they will do. Top socialist and progressive candidates demonizing big business at the debate last night. Former Colorado Governor John Hickenlooper says it could cost them the election. Listen. Both he and senator warren are consistently saying that the problem is business. This business, that business. They generally, they are trying to attack only Large Businesses. Every Large Business started as a Small Business. And every Small Business wants to get larger. I think will be hard for them to win election. Goodness for business. New data showing worker wages are growing much faster than previously reported in america. The wall street journal highlighted the 99 percent are actually getting a bigger raise. Does governor hickenlooper have a point . I think he does. Isnt what a market is built on, capitalism in the great American Dream of building the big business . Looking at the numbers for the 99 percent, the savings rate has gone up to 1. 3 trillion. That means in the bank so that momandpop can say for the future. I think its very encouraging. The fact of the matter is, just look at the cell phone, david. Cell phones there was a minicomputer. From 35 years ago from motorola almost 4000. Today it is under 1000. They came from Corporate America. That came from free enterprise. If warren and sanders really have their hearts for the working american, how about cutting the taxes . How about cutting regulations to prevent businesses from expanding and providing more opportunities . Steve, i would like to agree with you there about cutting regulations because guess what . In a president forbes world which i want to live in, we would actually have a government that does not entrench business like weequifa. They were mere monopoly that protected by the cfpb the government and even though there was a Security Breach that affected hundreds of millions of americans yet they got government contract after that, government contract after that. There is not a kevin kelley business that can open up and compete because the government protects them. I want to live in a world where we deregulate, the government does not protect these businesses. I think last night but we so was eight candidates really go after two candidates the entire night. The two candidates which actually should have gone at each other in the same line , didnt. The constant, i dont think it was one thing either Elizabeth Warren or Bernie Sanders said that was probusiness. Not one single thing about making it easier to start a business or continue to work with interesting was that said to Elizabeth Warren, are you ready really capitalist . Because even he was trying to say how are you a capitalist if this is how you speak . Where did harvard get its money . From endowment. From rising equity prices from Corporate America and companies around the world. I wonder because with sanders and warren sounding so progressive and so far left, does open the door for someone more reasonable . More moderate like a joe biden tonight . Listen, joe biden is leading right now. He is 12 or 13 percent ahead of anyone. He needs to have a good debate tonight. He is as steve said, the most moderate of the pack. And he seems to be the most electable. But he needs to have a good debate. If he has a good debate my guess is it will be between him and Kamala Harris and Elizabeth Warren and maybe another but warren has incredible momentum but in the end the populace and things only 30 percent. They say she is surging in the polls because shes focusing on the economy. You hear her coming out all these policies. She does not have a plan but shes not talking about identity politics. Karl marx had a plan too. And the economy is doing well worker salaries and wages are going up. Specifically because a tight labor market. People dont want to get rid of people because its tougher to rehire them. Absolutely. 7 and a half million jobs Truck Drivers is a tough job. You can make 120 or 123,000 a year. Opportunities are growing. Going point out the small and mediumsize businesses have thrived over the last several years because of the d Regulatory Environment and because the tax code was made there for small, medium size businesses. They can compete on the global stage because with such a high Corporate Tax rate per guess what . The large multinational corporations were paying low tax rates because they were doing tax games are going double dutch irish. Right . This is the same Elizabeth Warren was to raise Corporate Taxes to squeeze the middle class on small and mediumsize businesses. To bernie theyre not doing all this because theyre just nice guys. They are doing it because it makes sense is the market at work. When you pull the Government Back the markets get tighter and workers get benefits and pseudocorporations. Meanwhile, it is not from paying taxes no matter what age you are. The video that has now gone viral. Capturing the exact moment one young boy learns a tough life lesson about money and the pain of taxes. You do not want to miss this coming next. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Ats why im using nicorette. Only nicorette gum has patented dualcoated technology ats why im using nicorette. For great taste. Plus intense craving relief. Every great why, needs a great how. Where is all your money going . Taxes. 9, 10, 11. But its okay, its part of the game. Its the worst part of it. Taxes. David one young boy learning a tough life lesson about money and taxes. The viral post has many on social media relating to the boys woes and expressing sympathy for his losses. Hes crying for us all. I wish the candidates we saw in the debate last night and tonight watch that and take it to heart. If you are a friendr friend of the w people, lower taxes. Does the government know how to spend your money better than you do . If you think any of these candidates are going to get on stage and spend your money better than you, you can vote for them. I like buying the property and collecting the taxes. My only regret is the kids not 35. Wouldnt he be doing it on the computer digitally. The only thing guaranteed in life is death and taxes. David i think eventually everybody, even if their kids once they learn the lesson doing business, they realize they have to pay taxes and they see something fundamentally unfair about it. They see from their first paycheck. People dont understand there are taxes they dont see whether its the employment taxes and they have to pay fica and they wonder who that is. David that does it for bulls and bears. See you next time. Liz a look ahead to the democrat debate tonight. The rematch as new questions mount about powerful special Interest Groups donating to the campaign. This as President Trump is ready to rumble and battle the democrats in the new big front opening, lowering drug costs. Its an issue of the democrats are trying to own. We bring you the leading edge of a distinct change in the battle for mainstream america. The democrat moderate realist,