Negativity and fear in beltway, surging new record highs, with dow hovering near 29,000, it closed up 211. And nasdaq breaking through 9200 barrier for the first time, this is bulls and bears, thank you for joining us, i am david asman, today jonathan he hoenig. And gary kaltbaum. There no better combination than massive liquidity, a ton of cash on the side line, an economy that is growing and earning that are starting to reaccelerate. Bull markets feed on themselve as greed picks up, let me tell you, i am a big believer not in the dow but in nasdaq and technology. It is en few ego en fuego. I believe it has been a while since we had pullbacks. The more that continues up and up the more likely there will be a period of time, it could be 4 or 3 days where you have a sharp selloff based on something. Other factor, gary knows, that when you have Interest Rates below 2 and a lot of cash looking for returns equity look treve, yield on s p 500 alone. Dividend is above yield on 10year treasury. It may be more risky but have you potential of significant upside. We in a good position for the markets, they are not the real economy or what goes on in the beltway. David there is a way that work together, last week, i said after we hit soleimani particular him out, markets did not go crazy. There was a down movement. Market saw that iran was a broken country, their economy is terrible, they cant fight back, they made a strategic move they think that markets preceded, they the markets saw what was coming that is when happening now. Spot on. David market do think look at what shaping in is happening in the world. When missiles were flying,. Once it calmed down and we assess the situation, the fact that President Trump stood up for u. S. , helped market. Iran is a pipsqueak, the gdp of iran is the same as half of google, this is a broken despotic country, barkleys day research, every time there is a skirmish between u. S. And iran market is high ar higher about 6 months after. David i want to bring in a very special guest, a former cia station chief, dan hove hoffmani always listen to what you say, i want to play something thatturee as Eurosia Group member said. United states has killed head of iran in cabinet and respond has been virtually nothing. This does not mean that iran is no longer a major antagonist ofu or region, there is no Mission Accomplished moment, no one should take victory laps here, but this is a win for trump. And it is clear, that it is. David do you agree . Oh, yeah. I agree with everything just said, we eliminated a mass murderer who was responsible for death of hundreds of americans and thousands in the region, and he would have been responsible for continued attacks again our people and installations in iraq and beyond, irans response a lot of bellicose rhetoric, and 13 plifl plifl ballistic missilt hit there are target and didnt kill anyone. Well have to be on alert, but for sure make no mistake it was a victory for United States national security. Before mullahs came to down tehran was considered almost the paris of the middle east. The ayatollahs are real leader of iran, so why note a have gem change not a regime change. Well, you know, some might feel this is a distinction without a difference, looking back at secretary pompeos 11 i think 12 points United States would require that iran would change their behavior. Were demanding they change their behavior, become a responsible nation, no one can imagine this Iranian Regime doing that many, and inside iran, would barring that you were calling for would argue were calling for regime change, that regime wont change otherwise, perhaps ultimately that is what were looking at, a lot of iranians have been protesting in iran, and many iraqis protesting iran influence in iraq. They have attackeds consulate. If not regime change, or what what are noter twother two thins iran to do, i believe stop funding terrorist groups and not acquiring Nuclear Weapons . There are their concerns that we have in general about iran. First two you mentioned. We cannot allow them to have a nuclear web opens program. Weapons program, we want to stop their state 51 sponsors terrorism and en the Ballistic Missile program, they can reach our people and our installations in middle east as well as our allies. A quick question about what this leads to in terms of precedence of use of american power, because we can do something does not always mean we should, this came up a lot during unrestricted drone war fare in obamay first term, even if all targets of legitimate from perspective they represent a clear and present danger to United States, unilateral use of force outside of the realm of war, who if chinese decide well take a tibetan se separatists in northern india because they pro sent a clear and presence threat. I dont think that chinese will will be role modeling off United States and when there are threats to our nation, in far away places, at late charles crowd hammer said, we need to eliminate the threats beforey this are visited, if that means drone attack in fattah to kill al qaeda, i am for, that if this means killing soleimani because his protesters, quote, unquote, they were proxy militias and mobs, breached outer perimeter of our embassy and launched attacks again us and have been doing so for years, im not against this either, that is the way of the world unfortunately, we would rather not but we fought nazis in second world war, sometimes you have to fight. David this was a war zone, soleimani turned into a war zone, by getting his hezbollah militia there ipt to ask you about a related issue. Your take on developing sisituation of ukraine plane tht within down in iran just hours after they began attacking our base in iraq. You know there is a lot of president coming out today, saying that he believes it was a missile, what do you think . Well i think our Intelligence Community and military certainly on the hook for the assessment about what transpired. But couple thin we know, that Ukraine Airline crew was experienced, and thats ukrainian airline, has never had an accident. They have a perfect record it was a war zone that night, where iranians had surfacetoair miferls readsurfacetoairmissi. I would say launch, i would say that is what happened. Prime minister trudeau has already said in his press conference based on intelligence he concludes that it is iran, i am sure well hear more about this in coming days. Are you a little bit disappointed that nairy a wis for from country in globe on this we took out, the number one terrorist in world that, yo you know imported and exported, and murdered his own people, everyone across the globe. We have note heard much not a lot of talk or backing are you disappointed. I grew up in the 80s, when we also didnt get president reagan did not get a lot of credit for stabbing strong against soviet union, i guess this happens. But this was a major seminol change in our strategy, not just about going after iranian foot soldiers by erainian leadership. Iranian leadership, from now oif a iranian leader making a stig tdecision that puts our pen harms way, that guy . Our crosshairs, i am hopeful as we engage more with our allies and region and nato partners, maybe they will change their mind. David Speaker Pelosi called that strike against soleimani provocative, and disproportion nat to which you say . Maybe provocative to the iran yance, they are debate able points, sticking with the facts we had a reason to do, that i think that reason was very clear. And as we hear more from our administration, experts, secretary of state, state secrey was defense, and i think those points will be made clearly about why we took the shot and the benefits. David dan hoffman thank you so much. Thank you. David all the best, House Speaker nancy pelosi under pressure from her own party to send impeachment articles to senate, but when could we see that happen, and what happens to usmca in the meantime. The speaker of the house has managed to do the impossible. She has created a growing bipartisan unity in senate, in opposition to her own reckless behavior. Utter 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. Most people think as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. If you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, are my bones strong . life is full of make or break moments. Thats why its so important to help reduce your risk of fracture with prolia®. Only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. Do not take prolia® if you have low blood calcium, are pregnant, are allergic to it, or take xgeva. Serious allergic reactions like low blood pressure, trouble breathing, throat tightness, face, lip or tongue swelling, rash, itching or hives have happened. Tell your doctor about dental problems, as severe jaw bone problems may happen. Or new or unusual pain in your hip, groin or thigh, as unusual thigh bone fractures have occurred. Speak to your doctor before stopping, skipping or delaying prolia®, as spine and other bone fractures have occurred. Prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. Are you ready . Ask your doctor how prolia® can help strengthen your bones. Ill send them over when im ready, that will probably be soon, we want to see what they are willing to do and the manner in which, we will not let them say, this is just like cli clins okay it is not. Documents, documentation, witnesses could facts, that is what they are afraid of. David impeachment pressure mount, House Speaker nancy pelosi offering insight on when she might hand over the articles of impeachment to senate, fox confirming from sources Majority Leader Mitch Mcconnell told g. O. P. Senator today he is expecting pelosi to transmit articles tomorrow but he has made it clear he is ready to move on to other issues like usmca if he does notes see them does not see them next week. To trial, the seb a senate wl move forward next week with the business of our people. David the phrase of what sticks in my mind, ill send them over when im ready. You know there is a lot of talk about dictatorship of trump administration, that is a empireious at attitude. Send it over, look if this is such a strong basis lets have it, it. Senate democrats say there is little to gain by holding it up. Diane feinstein and Richard Bloomenthal and joe mansion of west virginia, saying send it over. If not, mcconnell said he will move on. Like he passing usmca, he should. You know david, you took words out of my mouth, i wrote it on a sheet of paper, i will send them over when i am ready. I am thinking wait, who works for who. Think about it. They have been going at this for three years. The day after he was in the white house they talk impeachment, and leading up to this all we kept hearing, i goer that about 500 times word, urgent, then we find out it is not so urgent. I am thinking to myself, wait a minute why should i even care about this, at this point in time, lets get it over with already, and back to the working for the people. By the people, i mean i dont know how hard is that to figure out. It starts to smack that Speaker Pelosi is simply playing politics. David oh, you think . You think . Tha all that she is doing, wl multitask, and congress has multiple responsibilities, one is declaring war, they have given up on, that but impeachment, send these articles forward, and get on with the peoples business in the peoples houses. To be fair, Democratic Congress passed dozens of bills that republicans have mcconnell as not taken up on or considered. This is not a one sided story. As much as convenient to say it has been going on there are three year, the impeachment itself has been 5 months. There 3 years. Not 3 years. A fact that a bunch of people. 3 years. January of 2017 does not mean. They have been driving to the hoop for 3 years. A lot of people in congress. What is h she waiting for . David another question, and more to point of really doing business of congress, there are things pending that are important like usmca, usmca is one of those few things this academy rat democrats and republicans agreed on. They say if impeachment comes, constitution said you have to clear the deck, deal with type impeachment before, but if he drags her fight, why not get usmca in there. Do it. A great question, usmca has been sitting on the desk for two years now. It was pass by house that was a couple weeks ago. You could rush it right in there, and pass it i would think in blink of an eye. Much needed to protect u. S. Auto workers that is z why, zakhu sai you say that house passed others, why would they hold the usmca up. I agree on that, that semiconductor in senate than the houses hand right now. Senate was waiting because they expected they done think that nancy pelosi would pull this. I just think she is playing a dangerous game, longer i think you drag this out, the more it is apparent to ern that all those important pieces of evidence they stressed month after month, maybe are not as important as playing politics. I just want to mention, we have breaking news. While we speak. The house about to vote, i hear about 5 minutes from now on war powers resolution. That voting should take place in about 5 or 10 minutes, as soon as debate stops and one of last speakers we should get a vote, about 20 minutes after the vote begins, we will find out what it is, likely to pass. Becauses democrats control the house, they are united on this front. We will bring that you to live. Meanwhile, Police Hackers and now rogue employees, amazons ring continenta confirming at lf members were fired for allegedly snooping on customers, Morgan Wright is joining us next with how to protect yourselves from all of this. Oh, your mom just texted. Shes landed. And shes on her way to our house. What. I thought she was coming next weekend. I got it. Alexa. Start the coffee. Set the temperature to 72. Start roomba. We got this. Dont look. What . Dont look. Lets move. Mom. The lexus es, eagerly prepared for the unexpected. Lease the 2020 es 350 for 389 a month for 36 months. Experience amazing at your lexus dealer. groans hmph. food grunting menacingly when the food you love doesnt love you back, stay smooth and fight heartburn fast with tums smoothies. Tum tumtum tum tums david breaches by hackers reverberate, the Company Confirms that a handful of employees were fired for snooping on customers. Reporter ring said they have three people to staff right new who can act access stored customer video feed. If there is abuse they will be fired, that happened to 4 ring employees, they abused that access, looking at more video than they needed to do their job. These details came out in a letter, that ring wrote to Senate Lawmakers telling congress, were aware of incidents discussed where employees violated our policies, unfortunately we continue to see stolen credentials and passwords from other applications and sites that lead to some bad actors gaping access gaining access to ring devices week. A virtual intruder talked to an 8yearold girl, ring is taking streak stepextra steps to moneta breaches, they say, they will give the customers a heads up if they find evidence of that. David hillary thank you. Lets bring in sentinel one chief security advisory Morgan Wright, is there and way to stop tech employees from spying. First time they saw me Walking Around my house in a thong eating cheetos they would never look in my house again. No, but really, i have to have act countability from audit stand point, any time someone stores video, other thing that will prevent abuse, is a notification from customer, ring accessed your video for following purpose and this is who did it. This is video of you in your house, and santee of your home may you know, you might go to hot tub or whatever you dont want that stuff, you dont want someone look at that video in cloud, i think they have to take additional steps beyond auditing there has to be notification to consumer someone accessed our account. That image is now linked in my mind forever. You put it out there. Now it is. You will never look at my camera again. I am i am wondering, 5 or 10 years down the line, presume abbey a lot will be ai mechanisms monitoring, from your perspective is that a freighter levegreaterlevel of privacy or. That is one of those things that depends, you to get artificwill intelligence to do a good job you have to do machine learning, you have to feed a lot of video into this, whose video are they feeding in . I would prefer a robot looking at it but at some point you get where it has to be subjective, and only a human atthispoint could give that subjective, we have not gotten to point of articlartificial general inte. So in the clouds. And im not a naysayer, but what is the value, could someone tell me, hooking up a camera that always you dont have children. I mean, we will look back at this say, like asbestos, what were we thinking . What were we thinking putting all cameras all over the home for people to tap into. Where i live in northern virginia, i have worked out of my house, i to not have children, but if i had children or a nanny or a baby sitter, i want that visibility in daycare. I think a lot of activity you see are with people that have kids and stuff. At people, i will use indoor, i leave them unplugged use them only when we are out. Have you kids. I do, i have a 4yearold andy would use it, maybe not when she is 4, but when she is a teenager, i am using cameras ohr anherand all Location Tracking devices that go with it. I gets the point, dont use it. If you dont want to be tracked. In defense of ring they said they beefed up their security they have a their factor other authorization for new customers, you said there should be an additional layer, letting the user know were looking in on what you are doing eating your cheetos, is it enough . In is never enough, the thing with two factor a authenticati. If they just headed that second step, that prevents unlawful access, but i am more concerned about is access by trusted employees on inside. That say if i get to your video before you get into it you need to notify me o or an accept acc. Passwords and emails stolen and bought on dark web and used to gets access to everything. Are we just skewed on this as youd o screwed on this. Dont uses same password for your banking account that do you for twitter for ring. When they have a two step verification. Use it, there is a reason. Classic point, podesta had two step verification his phone numbeinnnever would have been h. You need everything working. David Morgan Wright, only guest that gives us zen answers, thank you have much. You bet. David trump economy at an all time high, but one democrat candidate goes after the president s mayor accomplishments, is that a good idea . Is it debate able . We have the greatest stock mash thats thmarket that weve. Thgreatest economy, were settig records, and most of that debt is actually from credit cards. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. Including your Interest Rate right by locking in a fixed low rate today. And you can get your money right with sofi. Check your rate in two minutes or less. Get a nofee personal loan up to 100k. This rounds on me. Eat. Get a nofee personal loan hey, can you spot me . Come on in. Find your place today, with silversneakers. Included in most Medicare Advantage plans. Enroll today by calling the number on your screen or visit getsilversneakers. Com david Mike Bloomberg slamming the economy under President Trump, in a new oped saying President Trump push through biggest tax cut for the wealthy in history and nearly all money foes to people like me whoen to need who dont need it, i have track record in business and government to show in when real Economic Leadership looks like, bloomberg did admit that stock market is doing well, but added half of the country does not own stock, but 76 of average americans rate the economy good oric lengthic excel ithey take advice of a billionaire . I to know of data points says the opposite what he says, numbers are damn good, in a have been accelerating in the last few months. Giving him 3 3. 5 unemployment d over 6 Million People off welfare, no longer getting a check but producing a check to the government that is great news, and tough to combat. Ill piggyback off that, wages increase for lower income americans, blue co collar workes and i think this reports on cbs were echoing some of mr. Bloombergs comments were wrong according to wall street journal, middle class incomes have risen 5,000 da dollar since President Trump was elected there is conflicts data. Data i see does not support that and half americans dont own stock, you negate 150 million that have retire am plans. A bad idea to run on the economy being weak. It called economy is strong. It is it is stupid. Run able, you know there are tens of millions of american Face Higher Health care costs they cannot meet in a system not broken this is a major source of both concern and economic durres for you know. This sheer cost of hel healthce prum premiums. David alerting our viewer, vote for war mowers resolution has begun. It is expected to take about 15 or 20 minutes, it may happen within this show. It is 5 37 on east coast, well see what happens, but continue jonathan. Bloomberg cannot run on a bad economy, he is running like all democrats that idea of wealth inequality, he puts forward a nothing of national income, there is no such thing, my income, and davids income and your income there is no national pie that people like bloomberg are supposed to split up. And in a free Society Everyone hases opportunity to pull themselves up. And gary. Fact is because of job situation, people who have wage earners on lower end of scale are able to get higher raisin rg of a result as mo position they are in lowis lowest rising tide lifting all boats. David this is helping home in bottom wrung. Bottom is rising, it has been rising and momentum is g good, demand for jobs and higher wage jobs, and wealth effect is huge, all that talk about who doesnt own stocks, so many people have them from 401 k s and pensions, and companies do well they hire more a big cycle. David even New York Times, believe me, does cannot be called a trump lover, had a headline saying face it, most americans probably got a tax cuts. Even New York Times admits that for bloomberg to say, money weismoney, rich make more but percentage wise everyone did pretty well. You cannot make an argument were in a kumbaya moment. David the big word always some people. There are legitimate economic arguments to make about the current system, irrespect of who in ways ways is not serving as e adequately the needs enough people, you can make argument we could do better, not like saying that is famil familiar family family talking down the economy. David we could go on we will go on, we will tax them subject another time, facebook refuse you to bow to public pressure with how if will handle political ads, they may have found a perfect answer for social media, details, coming next. At fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk while our competition continues to talk. Do you recall, not long ago we would walk on the sidewalk all around the wind blows we would only hold on to let go blow a kiss into the sun we need someone to lean on blow a kiss into the sun we needed somebody to lean on all we need is someone to lean on ive always loved and im still going for my best, even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. So if theres a better treatment than warfarin, ill go for that. Eliquis. Eliquis is proven to reduce stroke risk better than warfarin. Plus has significantly less major bleeding than warfarin. Eliquis is fdaapproved and has both. Whats next . Sharing my roots. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Eliquis, the number one cardiologistprescribed blood thinner. Ask your doctor if eliquis is whats next for you. David facebook may just have discovered a golden rule for political ads on social media. Let customers decide what they want to see, government said it will not limit how Political Campaign target voters on the site but it will give customer new tools to wipe out ads they dont to see, is it the answer . Yes. Facebook is not seemingly at all bothers about this. You put out most important point it is voluntary how you use facebook, if you use facebook, what you see on facebook, they come up with their own rules, some other social media sites might co copy. Some might not, this is a great opportunity to sit rules up, and let market play it out. Not have government come in. Facebook is stock alltime high there are not droves of people canceling their accounts over concerns about democracy. They dont have to respond to anything. And you know idea that american democracy was a perfect marques of queens berry rules until facebook came in and messed it up. Thissin boggling the mind how we blame this new technology. Other social Media Companies are actually banning political ads, i dont get it. Should we ban ads . The Super Bowl Ad that President Trump and bloomberg are doing, they are just there was media outlet, i dont understand. Facebook should tell everyone to take a flying this is free will. Free heather. Facebook should stand by their policy statement on principle people should be able to hear from those who are wish to lead ethen they public should be able to scrutinize and debate about them, that statement says it all, they should adhere to, that their act is as gary pointed out contrary to twitter and going t google, but they han steps to kind of address any backlash by one. They are not they are debating on whether or not to allow political ads to be targeted, microtargetted to hundreds, they will have it targeted to thousands, and they will put out a disclaimer saying paid for by xyz. David zach, pushing back a little bit on what you said, i think social media has presented a revolutionary way of dealing with political ads, and sky bosworth, an engineer who works for facebook, a piece of what he wrote. He said, so is facebook responsible for donald trump getting elected. I think that answer is yes, but not for reasons anyone thinks, not because of russia or misinformation because he ran the single best Digital Ad Campaign i have ever seen any. Advertise advertiser. It is the medium of the moment, Like Television of new medium of moment in 1948, people have to figure out you to use it effectively. That is a different thing than saying this media is breaking american democracy, looking at pamphleteering in 1790s we have had a lot of misinformation over the years, we will keep having it. David lets see what coming up, evening edit, susan li. President trump to toledo. Well ask about nonbinds house vote blocking president from take anything further action. And President Trump scoring double victory on border from the cbp numbers just released today to a win in court from money. To build that wall, we have so much to talk about, were up in tblean 13 minutes. Thank you. California verse big pharma, governor gavin newsom introducing a new plan to lower costs, but by building a state run pharma company. Will that work . What could possibly go wrong . That is next. Ll you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. I love you only pay for what you need. Liberty. Liberty. Liberty. Liberty. Im part of a community of problem solvers. We make ideas grow. From an everyday solution. To one that can take on a bigger challenge. From packaging tape. To tape that can bond materials to buildings. And planes. One idea can unlock a breadth of solutions. At 3m, we are solving problems that improve lives. One idea can unlock a breadth of solutions. Patients that i see about dry mouth. They feel that they have to drink a lot of water. Medications seem to be the number one cause for dry mouth. I like to recommend biotene. It replenishes the moisture in your mouth. Biotene definitely works. [heartbeat] thats it. Im calling kohler about their walkin bath. Nah. Not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Its our most dangerous addiction. And to get the whole world clean . That takes a lot more than an alternative. So we took our worst vice, and turned it into the dna for a better system. Materials made from recycled plastic woven and molded into all the things we consume. We created bionic and put the word out with godaddy. What will you change . Make the world you want. David California Governor Gavin Newsom says he is lower cost of medicine by having state launch its own Prescription Drug label, a faw few details have been given out. But, heather what could possibly go wrong . Well i think Something Like this could work. David really. Well, beside the fact they are bankrupt, he is not alone in a sense there is bipartisan support in reducing drug prices, im not sure that this is the way to go about it, but he is not alone in a sense three dozen other states in 2019 have introduced legislation to reduce their drug prices. All right be clear, word government and two words lower costs have never gone hand in hand. I can show you my premium from obamacare. And he will create a another bureaucracy in california, just what they need there. To get to generic drug business that is already fluorishing, no thank you, he wants a billion to help homeless, he has been running show fo for 19 years gr. David annuity om said we want like saying we want to make a smartphone to compete with app apple. Drugs are so expensive. Government pays the bill that is why there is no incentive for private company to cut costs. I am not sure that adds up. You have 30 thousand dollar month biotech drugs developed the by likes of jen zine and et al. , that is a market distortion, that is where profitability goes. But i dont think you can place this at hands governor because it is an easy punching bag and inefficient. David pushing back on garys said, government can control prices but that almost always leads to shortages, that is what scares a lets of people in medical, is that we may end up short on medicines, already happening in places where they have strict price control. Tell me when price controls have really worked. David they dont. . They work on bringing down prices then they create shortages you have nothing. In the end, the final outcome, again, i dont want governments hand in any of this, private markets have always worked, unfortunately the costs are high because of them, because of the size of bureaucracy. Lets say you see it in medicine, initially shortages of drugs and development of new drugs and absence of doctors, we see, in nhs in england they cant fine the doctors. David confident what kind of business would be run by the state of california. God help them. Beer is luce usually a big s of experience for college students. Details next. Most people think of verizon as a reliable phone company. But to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. second man virtualize their operations. woman and build ai customer experiences. second woman we also keep them ready for the next big opportunity. Like 5g. Almost all of the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. When you look at the world, what do you see . Where others see chaos, we see patterns. Connections. Relationships. When you use location technology, you can see where things happen, before they happen. With esri location technology, you can see what others cant. David new york democrat lawmaker wants to increase the state tax on beer in order to fund city and staterun colleges. Harvey epstein is proposing nearly doubling the state tax on beer from 14 cents a gallon to 30 cents. The lawmaker claims the tax increase could generate as much as 51 million annually. Is this a sin tax that wont go down well new yorkers, jonathan . Always more taxes, david. Never the spending. New york has a huge spending problem. They have the biggest debt excalifornia than any state in the union. Who will pay for it, who will address it . Not legislators, but some poor at the enof the day to crack open a heineken or stella. More taxes is not what we need. We needless spending. Im not sure this is aimed at stella drinkers, jonathan. Partly expensive in new york and california they run Expensive State University systems with a lot of campus. This is a way to cover some of that gap. If it mean as bunch seniors who can drink and funding freshmen that cant. Im not sure i object. If you live in new york, 14 cents a gallon, ranked 39th in the country it, may be okay to increase it, cant you new yorkers, not walk across the river, go across the river . David bingo. Yes we can. Yes we will. That is what im saying. That is with im saying. If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it. Ronald reagan has it right. These people in new york and california, everything they see, just tax it. Just destroy the people. Take more money out of their wallets. David waiting to move back here pay new york taxes. The house is still voting on war powers resolution. Looks like theyre 40 votes away from a decision but, clearly, the democrats will win the day on this one. The results should be in shortly. Fox business will bring those to you live. That does it for bulls bears. We will see you next time. Another one for the record books. Susan the dow fueled by easing tensions with iran. A video verified by the New York Times, showing the moment the pentagon says iran accidentally shot down that ukrainian airliner with russianmade surfacetoair missile killing all 176 people on board. But iran still denying it. Claiming it must have been mechanical failure. So far refusing to hand over black boxes from the boeing 737