on the internet after 2009. tucker: i was thinking we should have a law against that, but it turns out we already do have a number, we ve had them for over 100 years and they ban monopolies for the very reasons you are describing, but no one in congress or anywhere else seems willing to invoke these laws. why is that? since the 1970s, we have kind of been enthralled to this philosophy that says the only way to determine if something iy a monopoly is if consumer pricing is if you can see changes in consumer pricing, but because google and facebook appear to be free, you don t pay any cash for using their services, enforcers and antitrust regulators tend to say there is no market power problem there. it s an absurd philosophy. it s crazy.t it s not really in the law, it s in a bunch of made up court decisions, that is how we do anti-trust enforcement now and it s time to start rethinking these choices so we can have a free press. tucker: right.
phenomenon, so it is in the internet, it is a specific business model that has emerged on the internet after 2009. tucker: i was thinking we should have a law against that but it turns out we already do have a number, we ve had them for over 100 years and a ban monopolies for the very reasons you are describing, but no one in congress or anywhere else seems willing to invoke these laws. why is that? since the 1970s, we have kind of been enthralled to this philosophy that says the only way to determine if something is a monopoly is if consumer pricing is if you can see changes in consumer pricing but because google and facebook appear to be free, you don t pay any cash for using their services, enforcers and antitrust regulators tend to say no, there is no market power problem there. it s an absurd philosophy. it s crazy. it s not really in the law, it s in a bunch of made up court decisions, that is how we do enforcement now and it s time to start rethinking these choices
saying it will cost mexico, and i guess it s the same way he factored that mexico was going to pay for the wall that they never paid for and we never saw. but it s really going to hurt auto companies, it s going to hurt a lot of people that are in business in america, that s only going to be transferred to the consumer. this immigration issue, he keeps playing this, i assume, toward his base, but it s an issue that not only is not going anywhere, he seems to escalate it. that s right. this is more of his bad immigration policy which has been failing and more of his anti-immigration agenda. as you mentioned, this is going to be terrible for the american consumers. they will be paying more. companies will lay off jobs. they re going to have consumer pricing go up. it s going to be pretty devastating and it s a terrible policy. we re hoping to hear more folks from the on the other side of the aisle speak up on why this
too far away. if we have a trade war, i hope we do not, we all hope we do not, the effects of that may not really take effect for another couple, three months. it takes a little while for that to work its way through the economy in the form of higher prices and fewer products bought. it takes a little while. all right, so, linette, what do you think? business owners are actually already talking about this at all levels. they expect that trade war to start hitting them and for us to start seeing it in the data in the coming quarters. now, you know, how quickly does that impact jobs in sectors that are directly affected? how does it impact how farmers are going to deal with this? that is kind of a different story. but i mean, we re talking about two different things. one is consumer pricing, which takes longer, and the other is actually business decisions and what s going to happen to employment, which i think we ll see a little bit faster and i think that will impact. but you know
because that is really driving the world economy right now and softness in the world economy. you re seeing it in every place. seeing china slow down. seeing brazil slow down. when that continues you will see prices at the pump go lower. if you re planning to drive someplace, might push the trip off towards the latter part of july and august. you will see prices a lot lower. shannon: aside from helping at pump which is great news for everybody out there which gets behind the wheel, what about broader implications for economy? does that have ripple effect in other consumer pricing? without question. you will certainly see the lower prices find its way into all the services and goods and services we use all over the world. so you will potentially see that. but on the flipside of that, good news is we re going to see commodity prices start to fall because demand will fall off. but you re going to start to see corporate earnings fall off. you will, see a really good thing on one hand but