Positive news on trade. Economic adviser larry kudlow telling reporters a phase one deal is in the final stages and commerce secretary wilbur ross telling Marie Bartiromo whatever happens the u. S. Comes out on top. Listen. We are really in a winwin position. It will either continue or we will have an acceptable deal with china so the important thing is to make sure the deal is what we think it is, make sure it is consistent with the promises that they have made to us. David could the sunny disposition of wall street eventually be overshadowed by the clouds of impeachment inside the beltway . David i do not think so. Heres why. Half the country is behind trump and they are not paying any attention. The other half of the country that does not like trump, 89. 9 of them are not paying attention so you have maybe 10 people who were watching, mostly inside the beltway. I hate to say it more people were tuned into the world series that are probably watching the impeachment hearings. Even those people realized this is at this point objectively much ado about nothing. On the flipside of the coin let me finish please. On the flipside of the coin you have 3. 5 trillion in cash sitting on the sidelines. People cannot just believe this market continues to go up. It should go down. There are so many reasons. People at one point theres going to be a melt up rather than a meltdown. People. Pat if they miss the move. David avenue are chomping at the bit. Thank you for balloting me. I like to hear whatever it is you have to say. I agree with gary but for Different Reasons prefers all we should be careful with you were having fun with the numbers scary. Its more like 35 or 40 that support him and 30 or 40 absolutely cant stand them. Its an important part of the political story but i agree with you and that this is the impeachment proceedings and there have been three in modern times president s who have done unsavory things Nixon Clinton and not trump but unless he gets really close to removing the president its more like one of these terrorist events were the markets sort of go oh whats going on and then they move on quickly. This is not an economic event right now. Its not right now but it certainly could be and the market isnt stupid. Its looking at what happened over the last couple of days and thinks theres nothing there. We are having open hearings so we can all hear about if theres nothing there. We learned the aid was released. There was no quid pro quo even if you dont necessarily like how the president handled it. Having said that the market could be concerned theres a problem but the market hit 28,000. Thats a huge record for the dow and every time you think is going to go lower it continues to defy gravity. We heard the sound bytes from wilbur ross. You dont hear company saying the characters so damaging they are missing the bottom line. The same time the market will be excited we did get the phase one deal in the tariffs one away. Kind of a winwin situation here. Absolutely. America is not tired of winning. This market keeps finding new highs but they are tired of the whining from the democrats and tired. Impeachment inquiry is embossing everyone. Theres nothing there. They keep making things up. Look at the market in terms of unemployment numbers, increase in drastic rise in main street salaries and we look at walmarts numbers. The tariffs are supposed to bring everything down and prices high from main street. They are going to places like walmart to spend money. I think we should be careful on one thing. Theres a big difference and this is commenting on the markets here. Theres a difference between there is nothing here and there is nothing here that will result in impeachment. I certainly would agree with the latter assessment and the markets agree as well paid to say theres nothing here, thats a political statement not a factual observation. David we head to jackie is. We love her so much we had to occur in that live shot. Back to you gary. Wall street, whats happening today seems to be discounting the possibility of a liz warriner Bernie Sanders ever becoming president. I can understand its going to be an uphill battle for either one of them but do you think its wise to completely discount that possibility . Well i dont think so. I think what wall street is thinking im trying to step back and be half wall street and hath made street. They think okay, if Warriner Sanders winds the democratic nomination they are going to have to shift slightly more mainstream to win and probably govern that way. People say well what frame of reference do we have an thats obama. Even though most everyone except our friendly comrade adam was not in favor of how obama governed you have to admit the market, not the economy so much, the market did pretty well so you ask me about wall street, all right. We are going to get a slightly more mainstream democrat. If that happens which i dont think it will the market might not do too bad. Gary the market during the Great Recession started hit rock autumn. President obama inherited the market and it went up but it went up very slowly and thats the result of a lot of the policies as well. One of the things that set the stage for President Trump to get the stock market im not discounting President Trump. Im not discounting what President Trump did that im saying if you are market investor new invested the first day that Obama Took Office by the time he left office he did. Darned well. Im just saying objectively thats what the market did. The previous points about the candidate sanders and warren if they do in fact get the nomination what you have is new candidates emerging on the scene bloomberg and Duval Patrick. Also when you have candidates like Elizabeth Warren launching taxation on the wealthy in her own policy admitting that 2 million jobs will be lost gary , how is the market going to react under that administration . Because jon the president does not make the laws. The congress, house of representatives said it makes the laws. A president can only issue president ial stuff. We always forget that. Its not just warren setting the laws. These things have to Pass Congress and by the way the republicans still control the senate. David thats true to appoint gary because the deregulations carried out by this administration, the next president if its Bernie Sanders or Elizabeth Warren to go nap is. I agree with you but yes we have those heavy regulations during obama. As i said im not saying the economy was perfect under obama. You asked me about wall street and im saying the market did okay. The market finds a way usually. Its more important with the fed does than what the president does. Adam go ahead. Your initial question to adam was if there was a possibility for Warriner Sanders presidency the market exits a low probability. Thats my assessment is well a number two i think gary made a good point. If it were to happen i dont think sanders by the way would tack toward the center. I think warren would to some degree anyway. David we have got to did there. President trump unveiling new transparency rules for hospitals and insurers but is it really going to reduce your costs . We will be asking dr. Marc siegel. He is up next. We celebrate something that im very proud of, major victory in her decision to deliver Great Health Care to price you can afford. This will have a tremendous impact on prices. Hi honey, we got in early. Yeah, and we brought steve and mark. Experience the power of sanctuary at the lincoln wish list sales event. Sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first months payment. We are requiring Price Transparency and health care forcing companies to compete for your business. Its a very important thing we have done here but our goal is to give patients the knowledge they need about the real price of Health Care Services to be able to check them, compare them and go to different locations so they can shop for the highest quality care at the lowest cost. David President Trump unveiling new Health Care Transparency rules. The move will require hospitals to disclose the secret raids that negotiate with insurers for all Services Including drugs. This is 2020 hopefuls cory booker in Bernie Sanders introducing their own bill which would create a new federal agency to control the cost of Prescription Drugs. Which proposal is likely to work best to lower costs . Fox news medical correspondent dr. Marc siegel. Whos got it right here . Boy is that contrast night and day. My view is lower prices allows competition and you can goto place where you pay less for the same service. I would think freemarket winds here all the time and without transparency you cant have freemarket. Whats exciting about this is before they came up with a plan or you got to see list prices, list prices mean nothing david akin is the hospitals dont actually pay what the list prices are pretty negotiate with insurers and i want to know what hospitals and the paying insurers. Where insurers. Wheres a secret deal and is making a profit and how much is transferred to the consumer . Doctors say go i think this is a step in the right direction for the presidency was this may not be perfect but well try to reform it in ways to help the consumer and inform people who are out there using the system. We can make small changes that would have an incremental impact i agree jackie and lets remember we are doing at a time of great innovation. The clunky government can come in and say you did to this drug. We need transparency that we need choice and variety. The government gets into negotiate prices away the sanders and poker are saying you could end up with one choice is a doctor and it may not be the one feels the patient. Its a move on their part to complement the singlepayer system but getting back to what President Trump is trying to do the thing is we subsidize the world in terms of Prescription Drugs. Transparency is the key but how is that transparency, how do you get that transparency operational . You brought another factor here which is Foreign Countries and i use germany as an example they say pfizer is some company. This is what you pay and you take it vermilion. Bowler you dont. Its important for consumers to know what they are paying for. There is a lot of plans on the table about how thats going to work that one is secretary azar is saying we are going to love americans to pay more for drugs than Foreign Countries are paying. Some people call that price controls and everyones nervous about that but i agree with the basic principle. Google is coming out with a Health Care Platform in terms of nightingales so do you think google or a player like amazon can come into the space in the mainstream market . I like edi of transparency but im nervous about the idea of them having access to your health records. They call it florence nightingale, right . I do want them knowing too much about me. If we could come back to the previous point, im a little confused. The transparency is a topic but it sounds like you are praising the way the germans do it and you are on the side of our government saying heres what we are going to pay you. That sounds like what volcker was proposing. Im definitely not saying that im glad you brought that up. I dont like the way germany as bollinger Drug Companies but i think it leads to Drug Companies not being able to produce the products we need. We need an open system with transparency and choice. Thats the direction we are heading into the end of the rule set a release. I think we have to put a stop to what Foreign Countries are doing to us. There are several ways to do that. Gary smith delighted to have you on the show in size. Heres my question. I think transparency in prices can be transformational but my question is, i had a minor surgery about two years ago. Isnt most of the cost that i am billed, the doctors time and experience is that going to be out there also like hey this is what i build per procedure, per hour or whatever and will i be able to compare that from doctor to doctor . Is and that the real stumbling block . Area and let you said that. There is part of the transparency thats being proposed today. I have to disappoint you and say we are not thinking his much of that dollars you think we are. A lot of this is bureaucratic and administrative costs. A former fda advisers reportedly calling an end to lasik eye surgery. How worried should people be particularly those who have received a . Im very disturbed his coming out and saying that an ill tell you why. We are talking about procedure that i dont recommend that my patients get this but the site is five to 10 and thats the same with contact lenses. If you wear contact lenses over long time they wear down your vision. Its really no worse and a lot of people swear by it. And the fed 20 Million People get lasix over the last five or 10 years, 20 Million People. Im not going to go out and tell them not to have it. We want them to have a choice. I wear contacts and im one of those people that doesnt want to be the guinea pig. My vision with contact lenses has been reduced and ive got multiple eye infections. Think lasik is better and i dont want someone telling me i cant do it. I agree jackie and theres a 90 to 95 chance you will get the result you want and i would add it depends on whos doing it. Lets let people know what the choices are for the best doctors and of course that option david one of my best friends have it. It can work. A battle of billionaires Michael Bloomberg targeting President Trump in a big way in battleground states. Will voters care about this new bloomberg pr effort . More is coming up next. Most people think of verizon as a reliable phone company. woman but to businesses, were a reliable partner. We Keep Companies ready for whats next. man we weave security into their business. Virtualize their operations. woman and build ai customer experiences. We also keep them ready for the next big opportunity. Like 5g. Almost all the fortune 500 partner with us. woman when it comes to digital transformation. Verizon keeps business ready. 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Give the gift of discovery, with an ancestrydna kit. David possible 2020 democrats contender Michael Bloomberg is the Million Dollar ad buy. Of course thats chump change for him. The spots begin airing in key swing states today but this makes the former new york city mayor the biggest spender in the 2020 raise even though hes not officially candidate. Adam will voters care . Sure potentially. They will care if the ads are good in their affective but if they hurt the president or help the democratic nominee no matter who it is. For all we know bloomberg has a grand design are merely taking that his word that he doesnt want to hold from to be president anymore. Dont see any reason to assume 100 million of advertising wont be effective. I dont think you will be effective at all. I think the majority of the country is probably already made up their mind. They are either going to vote for trump or against time. I think and this is just my take , havent seen any science on this but i think the whole effect of these ads is overblown. Its kind of like these ads on facebook are influencing people from russia. I just dont think so. If you are the average person when your implants by this that are bad ad . I think people are imposed by what they see in public appearances and debates. But it could be 100 billion i dont think people will be influenced. What it says to me is 100 million is a lot to spend on ads and nobody knows who Michael Bloomberg is outside of new york city. One of the most recent wall street journal poll that i saw in 2016 the polled specifically on him the majority people didnt know much about him. He needs to get his message out and hes a little bit late in the game. When it comes billionaire to billionaire going headtohead donald trump was out long before he got on the podium. Its no surprise i completely disagree with adam. The mainstream is not going to care about bloomberg or analytica. He can spend as much money as he wants for this is a clear example of him trying to influence the voters with his own money. He doesnt even need the campaign to fund raise per hes going to spend his own mo