Well the clash between the fed and President Trump escalating as exfed official bill dudley urges the central bank not to bail out an administration that keeps making in his words bad choices on trade policy in an oped, he says in part odd theres even an argue am that the election itself falls within the feds perview. After all, trumps relationship arguably presents a threat to the u. S. And Global Economy to the feds independence and its ability to achieve its employment and inflation objectives. Fed officials should consider how their decisions will effect the political outcome in 2020. Steve, that shocked even me and i thought id seen it all from the fed. What did you make of this . Obviously his mindset is in 2016 when the fbi, cia, brennan and others try to manipulate the 2016 election thats why we got to get that report out by the way from attorney general barr and others on how they try to manipulate that election, and theyre trying to do the same thing. He wants the fed to do the same thing. Absolutely outrageous, un contusion all he should be sent to north im not even sure how to respond to that. I actually thought it was i would say i actually liked a lot of the article but for the paragraph you read. I thought david that was a pretty important paragraph. I didnt question that. I thought the article had a lot of interesting insights about listen, the feds not there to back stop bad trade policies. I think that being said, ive never been so politicizing the fed. I dont like the idea that hes necessarily trying to politicize it even more than the president has recently, and i dont think it really plays well. Im assuming hell never go into the Public Service domain again. Yeah, but robert, bad trade policies aside, look at the yield curve. Weve got an inverted yield curve. Youve got yields around the globe, not in the u. S. Per se but yields a undercut rosenstein the globe, and Foreign Countries that are at negative rates, several trillion, and now youve got a 30year bond rate, my friends, okay 30 year paper from the u. S. Government, that is now lower than the overnight rate that banks charge each other per the fed funds rate, so how is the fed completely out to luncheon this thing . Yes we made a mistake in december, they hiked rates when they shouldnt have and they walked that back in july announcing well bill Dudley Company we dont need to cut rates any more because it plays into the trump camp. Its ridiculous. David a lot of people editorializing. You asked your own questionandanswered it, its interesting but i didnt mention what we should do with rates. I only mentioned about the article, with respect to rates, i was against the december move and i think that was just very vocally, i was against the december move and i think the recent move was just an offset. David but its his comments on the political situation that we want to focus in on and the wall street Journal Editorial Board writing about this, joining us now, mary the column in the journal suggested that dudleys remarks really effecting the independence of the fed if theyre out actively trying to choose political presence. Well first of all hes a former fed official, right . Hes not a fed official but i think that the elites in the circles that he travels david he was head of the new york fed by the way, which is the most important there is. He was but i think whats important is lets keep in mind that the fed has always been political. Even when it pretends not to be its always under a lot of pressure from the elected government to do whatever the president wants done. I mean, i think whats really offensive here is the idea that he decides or some group of elites decide that this president , hes a danger to the world, and the fed should step out of its role of Monetary Policy which is basically, low inflation and low unemployment. Those are its two mandates, period, and it should step out of that role and somehow stop trump from being reelected because this group of people think hes a danger to the world thats totally outside of the realm of nonpartisan Economic Analysis and i think it weakens bill dudleys, you know, stature , really. He doesnt look like a serious economist. He looks like hes a political hack. David liz . Mary it seems to me theres two very good pushbacks to this. The first being has he considered the alternatives, if its not President Trump being reelected, does he really think that Bernie Sanders or Elizabeth Warren probably the most likely candidates at this point are going to do better for the economy than the low regulation and low tax environment that weve been in . I dont think so and secondly, where was bill dudley and the rest of the fed, by the way whose mandate does include full employment when millions of jobs were being shipped overseas to china and other low cost countries. If theyre interested in trade, they should have been on board that little problem a long, long time ago. I think hes totally discredited well i really cant agree with you on the shipping jobs overseas. Actually if you look at the data , the problem with manufacturing jobs in this country really has to do with automation, largely, and the more freetrade we have, as far as im concerned, the better, but again, coming back to the principal problem here, which is the fed has a mandate to pursue low inflation. Its mandate is not to keep the economy roaring and if bad trade policy is slowing down the economy, thats not the feds problem and in that sense, bill dudley is right, but its unfortunate that he has to take this political position which, im sorry, go ahead robert. I totally agree with you on that. I think ex that paragraph he said a lot of interesting things i do think the idea that hes talking about 2020 what the fed should do, irrespective of my view of President Trump, we have to beat him, not where the fed is imposing any type of restrictive behavior. I would say to liz, i just want to be clear. Joe biden is up on three of the last four polls, and those polls hes exactly even now, robert. No, those polls are david all right, all right, but lets say the point is and steve, id like you to weigh in on this. Mr. Dudley is actually suggesting that a newman date of the Federal Reserve is picking president ial, i mean, president ial president s, or who youre in favor of or who youre against. This is extraordinary at a very high Ranking Member of the fed would say this. And sadly its not without precedent. We saw the cia and the fbi behaving this way in 20152016 and trying to go against trump in 2017, bad stuff and the feds role should be the integrity of the dollar. Of course all of this assumes that institution can guide the economy. It cant. So maybe we should be rooting for it to try to do something because it will mix it up. Steve the integrity of the dollar which has rocketed to highs multiyear because other currencies, other Central Banks are following, cutting rates doing what they should be doing to support their economies. Trashing your money is not the way you stimulate an economy, ask argentina. Fair enough and zimbabwe too but ill tell you what else is going on though is to kind of as robert and i were talking about earlier its clear that bill dudley is saying he doesnt want the fed to go any further with rate cuts any further with accommodation because that is what trump has suggested. Hes been right by the way trump has been right about notes suggestions all the way back to last year when the fed should have been cutting they made that mistake to hike in december, that crashed the markets momentarily so if there is anybody that is any guess rather as to what bill dudley is saying here its that the fed should not be accommodated for what trump wants or what the economy needs and thats a serious proposition if hes actually in a place. I could say its far from clear that the fed was wrong in december. They did what they did, the economy kept roaring and its not clear to me that we could have negative Interest Rates and should be punished just because we have bad trade policies. Makes no sense. David were not talking about negative Interest Rates yet but go ahead liz you wanted to Say Something. I was going to say mary was distinguishing between trying to keep the economy going and keeping unemployment low. It seems to me those two things typically coinside, and the fed, i think, has made it pretty clear they want to keep the recovery going because being it is led to incredible job creation and they dont want to see that end, so there may be a definitional interest inexactly what is full employment, where are we at that, are we at that point, but i dont think the fed has no responsibility for prop ping up the economy. I think to the contrary its clear that they do. David all right, well new rules are just out this afternoon, restricting automatic u. S. Citizenship, for children who are born on u. S. Soil. A live report from the white house on what this means for pregnant women, traveling to the u. S. , thats next. President trump first right citizenship, where you have a baby in our land, you walk over the border and have a baby, congratulations to babies now a u. S. Citizen. Were looking at it very very seriously. This was me six years ago. And this is me now i got liberty mutual. They customized my car insurance, so i only pay for what i need. Then i won the lottery, got hair plugs, and started working out. And so can you only pay for what you need. Liberty. Liberty. Liberty. Liberty. You may have gingivitis. When you brush, and the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Expedia. Termites, were on the move. 24 7. Roger. Hey rick, all good . Oh yeah, were good. Were good. Termites never stop trying to get in, we never stop working to keep them out. Terminix. Defenders of home. But some give their clients cookie cutter portfolios. Fisher investments tailors portfolios to your goals and needs. Some only call when they have something to sell. Fisher calls regularly so you stay informed. And while some advisors are happy to earn commissions whether you do well or not. Fisher investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other Money Managers. Fisher investments. Clearly better money management. David President Trump last week saying his administration was looking at ways to stop automatic citizenship for the children of Illegal Immigrants in the u. S. , now that they have found a way or at least think say they found a way. Edward lawrence has the very latest from the white house. Its a rule change, right, edward . Reporter exactly the u. S. Citizenship and Immigration Services made a rule change in this document right here. Now this rule change what it says is basically the parents outside the United States who give birth the child will not automatically be considered a resident or citizen of the United States. It also says that temporary visiting or temporarily visiting the United States does not establish residency, so in this filing it says a u. S. Citizen who was born in the United States generally meets the residency requirement as long as he or she can present evidence to demonstrate that his or her mother was not merely transiting through or visiting the United States at the time of his or her birth. Now that rule would effect women coming into the United States in order to give birth, for those children to become residents of the United States, now those parents would have to apply for their children to become a citizen, unless the parents establish residency. Now this does apply to government workers around the globe and it also applies to u. S. Military members. Now in addition, if parents have children outside the United States, they would have to get a visa for that child, if necessary, to come back into the United States, to establish residency for that child here in the u. S. Now these new rules go into effect on october 29, and you heard right before us, the president saying they are looking at something to do, trying to figure out the citizenship, harden the rules formation here. This will likely be challenged in court. David edward stay with us because youve been going over this thing with a fine toothcomb scott what do you think of it . Edward this has a lot of layers to it obviously like you said theres a lot of people effected. What kind of opposition does the administration expect to have here in the next few weeks and months, with respect to congress and certainly in court as they try to push this through . Reporter well in court obviously the challenges that happened with immigration those grassroots groups have been challenging in the ninth circuit or the court that leads to the ninth Circuit Court of appeals youll probably see something for that front. Democrats and republicans havent even had time to process this and weve been trying to make calls here within the white house, and they dont know anything about this, even within the u. S. Citizenship and Immigration Services we have been trying to figure out clarification from this and they really werent aware sort of surprised everyone it was put online, and this rule change seems to target residency and thats how they are trying to get at this. Well it seems to me, edward, theyre going afterbirth tourism more than illegal immigration when the people come acrosstheboarder and have children and theyre automatically made citizens. I mean, a lot of people including myself really oppose this policy. Every developed nation except canada has gotten rid of it. This is kind of a traditional thing going back to the days when we really were looking for new immigrants to come to the United States, and now, it really has given rise to two things. One is that it really encourages illegal immigration because its a huge home run to have a child in the United States and have that child already become automatically a citizen but it also gives rise to tourism which i think is in the tens of thousands of people who come from china and russia and other countries, because they want that golden passport, and they get it. People pay hundreds of thousands of dollars. There are groups that organize this kind of trade. I think its appalling and if this rule can get rid of that, i think that would be a huge win. And this rule is at the heart of that. If you look at it, within the language of these rules it really goes to the heart of that issue, trying to stop through residency, so its a technical term, that youre not an automatic citizen of the United States, and this is something that the administration has been trying to stop the president you saw there in this just before we came into this segment, the president had said he wants to look at trying to stop this and give out our services for free. Morgan, theres a lot of people in the military that im hearing incredibly disappointed that in footnote 3 of this document that they are more or less telling that newborn that born overseas by men and women on military bases will not be considered u. S. Citizens. I mean, that seems outrageous is an under statement. We have been trying to get clarification on the white house from that specific point also and in addition it goes a step further. They would have to get a visa if youre in certain countries to have the child come back into the United States to become a citizen. So thats even a second layer that u. S. Service men and workers at the state Department Around the globe would have to do. David edward i just want to chime in because a lot of people are talking about the 14th amendment, this is the idea of birth right citizenship and the 14th amendment which after all was, it did come out right after the civil war was meant to apply primarily if not exclusively to the slave population in the United States, at that time. Thats what the 14th amendment but really wasnt expecting this kind of birth right citizenship, right . I will tell you this is just a definition of residency, so that might be the legal way theyre trying to maneuver this around so were not changing the law here. This is just a definition of residency and thats how they are sort of making this happen. And by the way david, to your point, people have said that this needed a constitutional amendment to change birth right citizenship. The other point of view was just this kind of rule changing, changing the wording, because as you probably know, the citizenship clause talks about people becoming their children becoming citizens, if they are under the jurisdiction of the United States, and people have long argued that people in the country illegally are not under the jurisdiction, and therefore, those now with the number is like 300,000 people a year, born to Illegal Immigrants, they should not automatically become citizens. That word jurisdiction is going to be a tricky one david because even if youre here illegally youre still subject to the laws despite what some cities may think. They are still subject to the laws of the United States and to the state, so i think the courts are going to end up throwing it out saying what theyve been saying for years. You dont want this kind of thing, change the constitution. David well its very interesting development. Were going to follow it closely edward thank you very much for being here explaining it to us. Meanwhile were tracking Hurricane Dorian, puerto rico and the Virgin Islands and parts of the u. S. Bracing for impact as the storm makes landfall. Live reports from the Fox News Weather Center and san juan, puerto rico coming next. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. In the last year, of cybercrime every second. When a criminal has your personal information, they can do all sorts of things in your name. 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And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. David all eyes on Hurricane Dorian as the Virgin Islands braces for impact the storm could hit the u. S. Mainland as a cat 3 hurricane as early as this weekend our fox News Weather Team is on the ground in san juan, puerto rico but first lets go straight to the Fox News Weather Center where fox news chief meteorologist rick richmuth is tracking the storm. Rick . Rick so david we have a season for tropical storms and the peak of that season is september 10 and you get the idea were right here when we see the bulk of our activity and things are getting really active so we had this storm, have this storm, dorian in the North Eastern caribbean which is a graveyard for storms historically, and didnt happen in this case, it kind of held itself together. Fortunately it moved to the east of where we thought it was going to go. That happened because the center of the storms that arent really well organized can actually kind of develop a new center. That happened a new times yesterday and each time it happened to the north, so that adjusted everything off towards the right. That means that it spared puerto rico the direct edge of this but also means that it did not get disrupted by the mountains of puerto rico it just stayed over water storms still very well intact and an 80mile an hour hurricane right now gone past the island will be pulling away from puerto rico pulling away from the Virgin Islands and as it does gets into what is actually much better environment for strengthening. Thats why the official forecast of the storm brings it up to major hurricane status by the time it makes landfall, now strength forecasting is still very difficult, so we could see some variations in that but you get the idea, youve been warned , potentially a major hurricane somewhere on the eastern seaboard. Where it go, still a little bit difficult to say some of our model guidance pulls it across florida that would be a direct perpendicular hit across the Eastern Shore of florida crossing the peninsula getting back into those waters are incredibly warm that would mean we would have a second landfall of that storm if thats the case other possibility is it takes a farther north track and skirts and goes in towards georgia, South Carolina or goes in and stalls out somewhere along the coastal areas here across the southeast. That would mean a lot of rain coming to that area. Either way neither of these scenarios really good for us, but one thing, david, earlier today we saw a bigger spread in all of these models. These are coming in a little bit more into alignment and you get the ideal of them here, focusing in on parts of florida. David . David rick thank you very much so as the storm passes by puerto rico, extreme flooding and Power Outages are still expected. Dorian will be the first since Hurricane Maria devastated puerto rico in 2017. Fox news Senior Correspondent Rick Leventhal is in san juan right now. Rick how are residents preparing for this . Reporter well, they have been preparing, david, and its a good thing, although it looks like they may have missed the worst of this storm. I could tell you when you mentioned Power Outages there was some 23,000 customers here on the island of puerto rico who lost power earlier today, with some outer rain bands that hit here. Most of that power has now been restored to just a few hundred customers still in the dark because the grid was so damaged and so fragile, after Hurricane Maria it devastated this island a couple of years ago and because of that people did take precautions and put hurricane shutters on their windows and they boarded up their store fronts. Most of the businesses in downtown san juan closed today, and are planning to reopen tomorrow. The airport also canceled dozens of flights innout, the sport was closed and they moved patients to some hospitals better equipped to handle so you can see conditions dark clouds on the horizon but there are people out on the beach. Its not that bad were getting a little bit of rainfalling right now, but this community, this island nation, this u. S. Territory was so hurt by maria in september 2017, 30,000 homes still have blue tarps on the roof, so of course they are going to get ready just in case this thing, dorian did bring the heavy rains that were predicted and they could still get heavy rain some time tonight david of course well be here to wait and see what happens but it does appear as rick forecast, that most of dorian will head out to sea and the island will be spared. David maybe not so for the florida coast but good news for puerto rico thank you, rick. Well, big tech teaming up with china is that a threat to our National Security . New reports saying the u. S. Is trying to block a project raising some red flags, well be asking cybersecurity morgan wrig ht if you u. S. Should shut it all down, thats next. Chair is just a chair. That a handle is just a handle. Or. That you cant be both inside and outside. Most people havent driven a lincoln. Its the final days of the lincoln summer invitation event. Right now get 0 apr on all lincoln vehicles plus no payments for up to 90 days. Only at your lincoln dealer. 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. All right brad, once again i have revolutionized the songwriting process. 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 . Yeah, actually. David raising red flags over National Security the wall street journal reporting that the doj, department of justice, is trying to block approval of this massive under water cable project, backed by facebook, google, and a Chinese Telecom company, that once built a fiberoptic Surveillance Network for the beijing police. Ships have already laid most of the 9,000 miles of internet cable on the floor of the Pacific Ocean that links los angeles to hong kong. Now if the Justice Department denies final approval of the 300 million project, it will be the first time the u. S. Has stopped a Partnership Like this in the interest of National Security. Here now is morgan wright. So should the project be killed . David thats a tough question to ask but here youve got google and facebook and huawei involved the Chinese Government. What could go wrong, right . Who could be listening in on our data, who could be copying off data so i think from a National Security standpoint, i think there are huge issues and if you look at the political situation in hong kong right now, what about people who may be able to spy for us against china that would be originating out of hong kong, but the Chinese Government would have a Perfect Place to look at and filter and scan all communications coming to and originating out of hong kong. Morgan, given recent, lets say, history, whether lovey dove y or contentious between the u. S. Government and our great Tech Companies in Silicon Valley tech is unaring its circles around government and these congressional testimonies to say the least. Like how concerned should we be that these Tech Companies can get away with all these crazy partnerships and spying without the government even being on to them . Look when you have Mark Zuckerberg testifying in front of congress and people who are supposed to be informed arent aware how facebook makes money you mean its free . Yeah theres a lot of issues in side government. Having testified before congress before twice on health care. Gov, i can tell you the most knowledgeable people in the room are the staffers not the people making policy, so they not only continue to run but when you look at the testimony when google was there, they run rings around because these people dont understand the complications that go with the technology how complicated it is , so if i Say Something you will just nod your head and ask the next question because its about optics not results. Wouldnt this be a great opportunity instead of resorting to tariffs to blocking Something Like this to get the message across we want china to obey the rules . I think you have to draw a line in the ocean and look to put a stop to the project like this that has clear National Security implications if we dont do it now when we will do it, then what . So we have, i think this is the perfect time to do it and to bring china down a notch and stop their globalization, their expansion. Its the south china sea, the arctic circle, when do we say no to china . This is the time to do it. Can i just ask you a question about this . Sure. It does seem to me that at some level we should be doing the same kind of filtering of information, accessing information that china is doing if this is helpful to china isnt it also helpful to us and i dont mean i guess what im really saying is isnt the United States capable of preventing the leakage of information, even as its on one of these distribution cables or whatever, and wouldnt that also disadvantage us not to have this information going through the United States. Im not saying this very clearly but it seems to me both countries are probably playing this game. It is upsetting to me to think that were not as good at it as china. Look we are good at it in some aspects we just dont talk about it and in fact the only time you hear about it is when something goes wrong. Something goes wrong in china you dont hear about it because people die if they report that stuff so that standpoint but what it goes back to is the leak s by edward snowden, on other things to where the nsa was actually into some of the cables that google and facebook had and they were intercepting this traffic for National Security reasons. Thats what causes contention between Silicon Valley and the government to say hey, stay out of our data centers now with a level of inscription, its harder and harder for our government to lawfully intercept communications as it is but to put china in the mix is a bridge too far. Morgan, i mean, i think youve been great what youve been saying is really resonating i had a different perspective coming in because i always think like this type of infrastructure which is so good for the u. S. To lay all of this new fiberoptics and have literally the ability to change speed on the flip side im hearing what youre saying. This must have gone through an intense process and now they could just block it easily and the doj is one of the agencies. How did this all get through or why isnt this being retracted . Weve seen deals get close and then not get approved. I dont understand why this is all of a sudden doj . Thats a good question and there must be some information either doj has, Christopher Wray has come out time and time again talking about the threat from china. There is no doubt that huawei, z te, the stuff they do, their collaboration, you have china, you have huawei, theres not one without the other. They Work Together companies are required to collaborate with government in a way thats illegal in the United States, so how it got this far without some of the other involvement thats david morgan i dont want to tell you your business you know better than i do but in the wall street journal article there was a group called team telecom. Right. David it was the first time id ever heard of them and they seemed to have authority to supercede any other organization in the federal government that could block Something Like this because they include the department of defense, department of justice and several other departments. State department is there as well. Yeah and the way i read that too is its not so much they have the authority to supercede its that they make a recommendation but no way if there is contention how do you resolve that recommendation but i think what people do and what the south korea has always done is deferred to what the findings were but if you think of team telecom as being a subset of real decision makers, but they still dont have the same kind of authority that a cfius has from a legal mandate but at the end of the day these folks have access to classified information and they know stuff they arent saying and thats what we should be thinking about what is it theyre not telling us they need to worry about. David great stuff, morgan thank you appreciate you being here. Thank you. David a new law in illinois is giving out diversity scores to companies, but what happens if your score is too low, well tell you, coming next. Fact is, every Insurance Company hopes you drive safely. 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Now lets go beat donald trump and win back the senate this comes after Kirsten Gillibrand struggled with low polling numbers and fundraising and didnt qualify for the next democrat debate. Robert my first question to you because you know the inside of democrat politics who is she going to endorse . I think many of these will wait until theres a candidate because shes friends with a bunch of them. David wait until the nomination . Thats my guess but her endorsement is strong because she has a big following with a lot of individuals especially that have real money. Its not surprising you have to be at 2 and 130,000 donors, you have to be 2 on four polls. She was on one pole that just happened, and she wasnt, she made the donor threshold and spending a lot of her money focusing on iowa and New Hampshire and it wasnt resonat ing and she had this up hill battle with a lot of high end democratic operatives because of the al franken situation that never got rectified, and so i think that she had a big voice in the party , and i think she will be better off a a senator. David steve . That also underscores the fact she had nothing different to say from the others or a new way to say it lost in the crowd. Youre an extra not the star. David well lets move on if we can illinois now has a new law in the books forcing companies with headquarters in the state to report on the diversity of its board members, every year beings for public record. Now the governor of illinois claims the new law will make companies more aware of their need for diversity in their leadership, which he claims, will all lead to higher productivity and increased growth but companies are leaving the state, in droves so will this new rule increase the exodus, liz . I think theres a good chance it will. Its more micro meddling in the affairs of our corporations. Look this is meant to shame corporate boards and corporate ceos into having more diverse boards, and the good news is they were trying to pass a bill that would have required one African American and one woman to serve on every single corporate board. Think about being forgive me, token person on those boards. I mean, the hostility, look, everyone should be applauding and trying to avoid this kind of rulemaking, which i think really doesnt serve the people its trying to help, and yes, i think corporations will continue to leave the state of illinois. David scott youre in the heart of the beast, youre in chicago right now. Yeah and an owner of a business david that strikes right on to and liz is right. I talk to people who are on on board and they dont want to be that quota. You want to get the job because you deserve it and as it was noted illinois is losing corporations. Its losing wealthy citizens because government has miss managed funds and now government is going to suddenly what . Manage these boards at the companies because they know best its going to drive out business and it also, you no one of the arguments in the commentary is its going to lead to better retention, Better Company performance. The government has no basis to say that, based on who they say should be on the Advisory Board at a company. Its just going to upset business in the state. David well see the exodus continue if thats the case. Meanwhile, congresswoman alexandria ocasiocortez says capitol hill at change is keeping her up at night giving fresh warnings about what she sees as an on coming crisis so is she over reacting or on to something . Well break it down, coming up next. I woke up in the middle of the night at 3 30 in the morning just confirmed about capitol hill at change. Theres a company thats talked to even more real people than me jd power. 448,134 to be exact. They answered 410 questions in 8 categories about vehicle quality. And when they were done, chevy earned more j. D. Power quality awards across cars, trucks and suvs than any other brand over the last four years. So on behalf of chevrolet, i want to say thank you, real people. Youre welcome. Were gonna need a bigger room. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. 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David freshman congresswoman alexandria ocasiocortez claiming on instagram that her 93 trillion Green New Deal could actually be cheap, in comparison to the ultimate cost of Climate Change so is ocasiocortez right . David she reminds me of some of the old pieces of old that the earth is going to flood, fires are going to consumer us if we dont repent. No shes full of nonsense, she takes the paris accord and analyzes it and spends very little money with little result and look at the wind power 900 tons of steel in those windmills 45,000 pounds of plastic. But do they fight cancer, windmills . David come on. I just want to make sure, at least speaking accurate on some things. Oh, wow. You know, david, she started that post, watch to your right there. She started that post talking about how she wakes up at 3 30 in the morning its sad shes losing sleep. Worried i get that. I wake up at 3 30 in the morning too worried about what ideas aoc is going to come up within any given day because its let me defer the attention from the crazy costs of my Green New Deal to say well if we dont do this its going to make the Green New Deal look cheap and to steves point we were supposed to run out of water and have massive floods by now and be out of oil by now, none of thats happened because of corporate ingenuity and a benefit she wants to curtail because she wants to control it and not allow the corporations make things better. I think thats really true and its always depressing people who are so worked up about Climate Change and lets agree that for millennials and so forth the younger people are really concerned about this and i dont think its appropriate, or probably the right concern, but i think you have to have a little optimism that some of these challenges are going to be met and the damage, you know, fixed by corporations and by scientists who are now working on these things. I mean, honestly, the problem with Environmental Movement is they have raised these alarms in such an overthetop fashion for the last 20 years that people basically tune out. Yes, everyone agrees and they vote that this is a big concern but then when it really comes down to wanting spending, raises taxes, to alleviate a problem or Something Like that, voters dont chime in because were all sort of immune to this scare mongering. So a lot to think about there. One, i appreciate liz, bringing up how younger people think, because thats one of the debate s i have all the time. I was not for the Green New Deal im for a Green New Deal. I dont think you put the whole kitchen sink of health care and labor, im for the paris accord. I do think that young people like aoc and many others, this is at the top of her list. Its not keeping me up, what aoc says like it is and i dont think about what shes saying every night. I actually like her passion, but i actually think that i dont think spending 93 trillion is really anything thats ever going to happen. And we have to put it into perspective. Andy would do far more harm than good. Thats not the way you treat Climate Change. David but steve even biden the most moderate person running in the Democrat Field is for the elimination of fossil fuel. Which is not realistic if people drive cars in the future the technology is not there yet in terms of big breakthroughs on solar and wind despite what they may say so the question is what do you do about it . Oceans have been rising about an eighth of an inch for hundreds of years, and the dutch have figured out how to live with that. David and the obamas have to because they are living in the water right now right . Well they want to go to marthas vindicated yard 15 million house on an island thats supposed to be under water in a couple years. That sounds cheap versus what you may spend on a house. Come on, steve. David [laughter] steve dont you still drive a car from 1967 or something . My wife does. David okay. He has a flip phone. David moving on netflix making a big push for its new 159 million epic film called irishmen to land on the big screen but there is just one problem with that well tell you what that is, coming next. 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To me its a tough go with respect to how netflix will continue to produce good content. Its fighting uphill against other streaming services. 160 million to make it. My guess is they wanted it in big theaters. This is a way to put pressure on netflix by pushing back saying we are not changing terms. Wait for the lawsuits to come on that. By the way, if you are going to see a movie. See it on the big screen and eat that overpriced popcorn. David you are saying lawsuits from the imy hoffa the jimmy hoffa family. This is a battle for audience. Just because something is available streaming doesnt mean people dont want to go to the movie theaters. Last year there was an increase over the previous year. David already times when i say to heck with it. Im tired of getting kicked in the back seat. But there are times when there is a movie that looks better on a big screen. Scott, i think im with you. I am with liz. I love going to the movies with robert. But it will cost us 50. Liz we are staying on recession obsession. Its still taking wall street and the media by storm. Critics are saying the trump tariffs on china will kick in sunday and that will tank the economy. But we have the indicators wall street watches for recession. And its signaling no recession. And the market isnt trading like there is fear of recession. Msnbcs Larry Odonnell said he madeear an error in judge d h
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