basically wiped out last november by the camp fire, the most destructive wildfire in california history, the fire which was ignited by powerlines killed 85 people and raised new questions about the impact of climate change on wildfires. let s take a closer look at some of the ambitious goals in sanders plan. it calls for 100% renewable energy by 2030 and full decarbonization by 2050. this is remarkable. we are such a carbon-dependent economy. the idea is that we will not be carbon-dependent by 2050. he says it ll create 20 million jobs across industries to decarbonize the economy. but this is where his plan differs from many other climate proposals. he puts a price tag on it and he lays out a cost it. would cost $16.3 trillion. now, on one hand that makes it the most expensive climate plan from the democratic contenders. on the other hand, we have to
it s about time that a presidential election started talking about the most significant threat that we have to both our planet and our health today, which is climate change. and again, i m glad there is a price tag on it. it s big. and it looks for big things. you and i just talked about this earlier this week. a presidential candidate has got to sell to americans who might agree that there is global warming under way, that the priority, making this a priority, is going to cost money. doing it should lead to commensurate prosperity on the other end. that s right. i think the most important thing we understand is that climate change is happening and it bears a substantial cost. those costs will just overwhelm us over time. and so what you see here is not a $16.3 trillion cost. it is an investment strategy. how do we keep people safe and
goose this economy is very much in doubt. the tariffs are probably having, and he continues to apply tariffs, if he does not indefinitely delay the tariffs he s already pushed until december, that can have a greater and more immediate effect than changes in monetary policy. but it can be argued and some argue on both the left and right that the fed erred in raising late last year. but that s not why the economy slowed down. we already knew that before that decision was taking. i m back to thinking your analysis is correct. john harwood, thank you. he is cnbc s editor-at-large. all right. up next, 2020 presidential candidate senator bernie sanders rolls out his $16.3 trillion plan to fight climate change packed with policies aimed at helping the u.s. transition to 100% renewable energy by 2030 and achieve full decarb nization by 2050. we will dive into the details after the break. ter the break.s.
person on the map. when you ve got 20 plus people still in the race, it s hard to do that. ali, real quick. you talk about the people left in the race, the race is a tiny bit smaller. what are jay inslee s plans now that he s out of the race. i hear you have some new reporting prosecute of you re exactly right. he dropped out on our network. overnight i heard from two sources close to the governor that say probably this morning supporters are going to be getting an e-mail from him saying he s going to be launching a bid for third term of washington state. i think the jay inslee situation shows as you go into this next debate, the higher threshold, candidates are feeling the political realities of getting 130,000 donors and higher polling threshold as well. that hasn t been a problem for the guy you cover, bernie sanders, who really has a lot of marbles going into california rolling out a huge plan. what can you tell us about what s new this morning. that s right. it s a plan that
julie: moving into the election the economy is of top concern. getting this done, getting these tax cuts that we ve gotten accomplished and now these budget cuts, what does this do for republicans? it s remarkable. another report out this time overnight by a big swiss bank saying wealth grew more in america than anywhere else in the last year, 6.3 trillion in the last year. there is a lot of money. our economy is alive. everyone knows it and sees it whether it s anecdotal. anyone getting a car will drive by a strip mall and see a help wanted sign. people see raises in their paycheck. america is coming back big time economically and we want to keep that going. bill: the quote was relentless rise in household wealth. is that equities? facebook, amazon, google making the 401k boom housing has come back strong.