actual man? melissa: well just say hello. would you? that does it for us thanks have a great weekend, everybody. probably is cold for me. melissa: that does it for us, bulls & bears starts right now. david: hi, everybody thanks for joining us this is bulls & bears i'm daniel joining us on the panel we have jonas max ferris and adam lashinsky. well the dow getting a big pop surging about 230 points around 12:30 this afternoon when president trump began making comments on china. take a listen. president trump: china wants to make a deal, they sent a list of things that they're willing to do, which was a large list, and it's just not acceptable to me yet. we've put on tariffs of

$250 billion worth of goods, and we have another 267 billion to go, if we want to. we may not have to do that. china would like to make a deal. it's a pretty complete list. it's a lot of the things we asked for. there's some things four or five big things left off. i think we'll probably get them too. david: well then stocks started losing steam so gang our traders doubting this deal with china is going to happen. >> well they keep talking it up and talking it back, right? the first news was that there really was this list and china seemed to be moving forward on the demands made in the spring by the white house, and now, they appear to be saying well, you know, secretary ross said maybe they will hit them up with a frame work at the meeting. it's really going to all be what happens at the g20 that's going to be i think important. >> i think you have to assume, david that traders and others doubt that anything is going to happen or just doubt that anything that the president says on a day liked to particularly matters because i think as liz

pointed out perfectly correctly, i mean, 100% right is that we see one thing one day another thing the next day we shouldn't take any of this seriously until we have some details. >> it was also pretty much all good news of the week. definitely seems to make today the most positive sort of day. i mean, we're definitely stuck in this art of the deal mode where we get like a tweet where it's like bad, it's good, it's back and i think trump likes being in that position and i'm not sure the market is going to collapse if we don't get a dealatedser, because if anything i think china is the one that's in trouble right now, and a lot of other emerging markets and if you look at the stock markets and the economies, they need the deal better than we do. that doesn't mean we should just have some like decree deal that we're in charge because we need to do business with these countries as well so you don't want to win this one too much so to say but i do think at this point its got more upside to america than downside, and a little more doneside to other emerging markets than upside. >> on the other hand, they came

up with a list. go ahead. david: go ahead, rich. >> i think it's really significant that peter navarro has been demoted. he's not being taken to the g20. he made some outrageous comments about a week ago that were borderline anti-semetic and just economically full of malpractice and he's been the hard liner on trade that's wispered in trump's ears and i think trump has looked at the mid-term elections and sees the trade is starting to cause some damage. president trump could not take wisconsin today, for example. david: i'd just like to amplify something that jonas said. knew this whole thing may not matter that much to china. sure it would be better if we can get a deal but their economy has some serious headwinds that don't have anything to do with the tariffs that the united states has put on them, and that may be the more important thing

to the economy and to the stock market. david: there are also headwinds for american manufactures and even shipping companies. i mean shipping companies are talking about how they're losing a lot of business as a result of this. >> but there's definitely some specific companies that are taking more direct hits than others, obviously but i think a lot of these companies are getting more hit by our strong dollar which is sort of in a weird way resulting from money coming here. you know, actually the brexit situation is much worse from their economy than america so if we were the only people messing around with trade right now, i think it would be worse, but you've got a situation where they have banks that are theatr ing because of leaving the eu, and that still makes us the number one place for dollars and unfortunately this word the dollar is so strong that it's actually hurting exporting and as far as what you just brought up about china having this, it's really what, i'm curious whose going to blame this on their problems like how much of china 's problems is what we created with starting this trade war with them and how much of their problems is from an economy that's starting to

collapse, oh, yeah it's a trade. that's why the market is down 40 % here. >> but actually the chinese have been talking for several years now about reforming their economy actually changing their economy from a debt-driven infrastructure building sort of employment at any cost program to a consumer driven me and the truth is because of this slow down, it has nothing to do with us initially but now it's being perhaps exacerbated by the tariff war now they really had to reboot the program but i want to go back to something you said jonas, which you said is the only good news of the day the truth is with brexit and italy and the tariffs all of a sudden the fed is beginning to talk a little more tempered way about the likelihood of -- >> well i want to go back to something you said, liz. japan has been doing that since 1990 i believe and it hasn't worked yet going from a debt driven society. >> well maybe not. >> what i think is so interesting about where we're taking this conversation if i'm hearing all of you correctly and this is what i think, i mean,

unexpectedly it's becoming less political right? like it started very political, but now it's like no, no, no, this is happening anyway, because of china's severe structural problems and the politics not that interesting right now. >> except we're taking advantage of those structural problems and somewhat weaker chinese jugger not economy in order to push through some changes which i think most of us agree should have been done 10 years ago but they weren't. now we are making those changes and by the way, let's go back to the beginning here, the reality is chinese have now come up with a list of things they're willing to do. that to me is quite a big breakthrough and i'm sure they're not going to admit in the public square that they've been stealing intellectual property, but if they change the rules on engagement, if you go there and you have to have a 50/ 50 partner you give up your intellectual property. if they begin to soften that which i think they've already done for certain industry sector s i think that would be a

big break. david: gang i've got to break break in because stacey abrams is in atlanta georgia and she's been running against brian kemp and she has a big lead but she's talking about the race in particular. let's listen to what she has to say. >> on september 18, thousands from georgia began casting absentee ballots determined to list their voices in the democratic process of electing our leaders for the next two years, the next four years. a few weeks later more than 2 million declared their choices , heading to polling places for early votes, and then on november 6, more than 1 million folks arrived in precincts around our beloved state anxious and excited to express their patriotism through the fundamental act of voting. for these millions the act may have proven tedious and hard, but they had no doubts their votes would be counted. certainly there would be long lines and delays, absolutely a tired volunteer would misstype a name and nature would not be

ignored, through rain or tornado warnings or chilly weather. we all understand the challenges and the complications; however this year, more than 200 years into georgia's democratic experiment, the state failed its voters. you see despite a record high population in georgia, more than a million citizens found their names stripped from the roles by the secretary of state, including a 92-year-old civil rights activist who had cast her ballot in the same neighborhood since 1968. tens of thousands hung in limbo rejected due to human error and a system of suppression that had already proven it. the remedy they were told was simply to show up. only they, like thousands of others, found polling places shut down, understaffed, ill- equipped or simply unable to serve its basic function for lack of a power cord. students drove hours to hometown s, to cast votes because

miss management prevented absentee ballots from arriving on time. parents stood in the rain in four-hour lines watching as less fortunate voters had to abandon democracy in favor of keeping their jobs and collecting a paycheck. eligible voters were refused ballots, because poll workers didn't think they had enough paper to go around. ballots were rejected by the handwriting police. citizens tried to exercise their constitutional rights and were still denied the ability to elect their leaders. under the watch of the now former secretary of state, democracy failed georgia. georgia of every political party , every race, every region, again. you see, the in competence and miss management we witnessed in this election had been on display months before, and the republican state legislative primary of dan gasaway. counties under the direction of the secretary of state issued

flawed ballots and not for the first time and not just in that district, but this time, the mistakes clearly altered the outcome, representative gasaway a republican in a heavily republican district had to go to court to force a fair fight and therefore, on december 4, tucked between the runautographs for secretary of state and the public service commission for one community, there will be justice in the process. win or lose, the people in his district will finally have a say many of the same republicans cheered on representative gas away when he filed his lawsuit but the same ones grumbled about the time we have taken to gain a remedy for fellow in georgia who face an array of bad action, misinformation, and gut wrench ing hardship, but we are a mighty nation because embedded in our national experiment is the chance to fix what is broken , to call out what has faulterred, to demand fairness wherever it can be found, which is why on election night, i

declared that our fight to count every vote is not about me. it is about us. it is about the democracy that we share, and our responsibility to preserve our way of life. our democracy, because voting is not a right for some. it is a right for all and it is not a privilege. i stand here today as witness to that truth. this election is about all of us , as is the resolution of this moment. i acknowledge that former secretary of state brian kemp will be certified as the victor in the 2018 gubernatorial election, but to watch an elected official who claims to represent the people in this state pin his hopes for election on the suppression of the people 's democratic right to vote has been truly appalling, so let's be clear. this is not a speech of concession, because concession

means to acknowledge an action is right, true, or proper. as a woman of conscience and faith, i can not concede that, but my assessment is the law currently allows no further viable remedy. now, i could certainly bring a new case to keep this one contest alive, but i don't want to hold public office if i need to scheme my way into the post, because the title of governor isn't nearly as important as our shared title, voters, and that is why we fight on and why i want to say thank you. thank you to those of you who organized your communities and shattered records, more than 1.9 million voters who stood up in this mid-term for protecting our public schools, for continuing criminal justice reform, for medicaid expansion, and for real economic mobility for all of our counties. we won state house races and senate races, a new seat in

congress and we put america on notice that change is not coming to georgia, it has arrived, and you made it so, but those who fear change pushed back, and so we waited for the whole truth of this election, good, and evil, we waited for it to come forth so thank you to those of you who shared your stories for the tens of thousands of calls to our voter protection line. thank you for volunteering your hours after the polls close and for the last 10 days, for driving to all 159 counties and hearing the concerns of georgia citizens, through tears and frustration and disappointment, because you see, georgia still has a decision to make, about who we will be in the next election, and the one after that , and the one after that, so we have used this election and its aftermath to diagnose what has been broken in our process. make no mistake. the former secretary of state was deliberate and intentional in his actions.

i know that eight years of systemic disenfranchisement, and in competence had its desired effect on the electoral process in georgia. i also know that we live in a nation where four federal judges were necessary to force the counting of the ballots cast, in the face of brian kemp's opposition to and disregard for their lawful consideration. i know that millions of georgian s of americans, of goodwill, and various partisan beliefs, they are enraged by these truths. now, in response, you may seek to vent your anger, or worse, to turn away from politics, because it can be as rotten and rigged as you've always believed, but i employee more each of you not to give into that anger but instead , turn to action, because the anticdote to injustice is progress. the cure to this malpractice is a fight for fairness in every election held, in every law

passed, in every decision made. pundits and hyperpartisans will hear my words as a rejection of the normal order. you see i'm supposed to say nice things and accept my fate. they will complain that i should not use this moment to recap what was done wrong, or to demand a remedy. you see, as a leader i should be stoic in my outrage and silent in my rebuke, but silence is a weapon for those who quiet the voices of the people, and i will not concede because the erosion of our democracy is not right. regardless of party, we want what is best for our children, for our families, for our neighborhoods. we may not share the same faith but we are knitted together by our beliefs and our potential for more. i will work in these coming weeks to elect john barrow, as our next secretary of state because he is a man of principle and goodwill who will administer his responsibilities for the people and not his party.

i will work to elect lindy miller as our next public service commissioner where she will speak for those who have been ignored for too long, and i will pray for the success of brian kemp, that he will indeed be a leader for all georgians, that he will pledge to fight for the rights of those who disagree with him, and that he will keep his promises, that he will refuse the call of those who see how close this election really was, because we know that some are going to propose to make voting even harder. they see voter engagement and communities of color and they cry fraud, or they lie about the cost of democracy to justify closing more polling places. i pray he will reject this vicious and tired response, and in favor of preserving what has left and what is left of our states reputation for equality and civil rights, but i will not leave it to prayers alone.

as i have for more than 25 years , i will stand with my fellow georgians in pursuit of fairness, i did so as a college student speaking in the shadow of abraham lincoln and martin luther king jr. as the 30th anniversary on the march on washington and i did so as the democratic leader of house of representatives and as the democratic nominee for governor of georgia and now i will do so as a private citizen ready to continue to defend those whose choices were denied full expression. today, i announced the launch of fair, fight, georgia, an operation that will pursue accountability in georgia's elections and integrity in the process of maintaining our voting roles, and the coming days, we will be filing a major federal lawsuit, against the state of georgia for the gross miss management of this election , and to protect future elections from unconstitutional actions. we will channel the work of the past several weeks, into a strong, legal demand for reform

of our election systems in georgia, and i will not waiver in my commitment, a lived commitment, to work across party lines, and across divisions, to find a common purpose and protecting our democracy, because we deserve a state that elects democrats and republicans and independents. we deserve a state that elects leaders who will not tolerate the erosion of our values, fair, fight, georgia, because these votes are our voices, and we are entitled to our choices each of us, and we have always been georgia at the forefront of speaking truth to whatever power melee claim to leadership, if only for a moment, and we will win -- david: okay that is gubernatorial candidate stacey a brams. she's not conceding but she is acknowledging that her opponent, brian kemp, will be certified as the next governor of georgia.

he is now governor-elect. they were divided by 55,000 votes. she needed to be 17,000 votes closer to him in order to demand a recount but as you could tell she was pretty fiery and was not going to concede although she was acknowledging that her opponent was a winner. >> it turns out that her campaign has claimed that some 25,000 people in georgia complain that he didn't get to vote on time, or it was difficult, or whatever but the reality is most of those people actually did end up voting. their votes were counted. also in whatever recounts were taking place there were hundreds maybe of ballots that were discovered with imperfect signatures or incomplete data, but those also were counted, so it's extremely hard to understand why it is that she's so convinced that she unfairly lost this race, and perhaps this is a long history in georgia, or something of that sort, but on the merits of this particular race, it doesn't seem like she really has a very good case.

>> i used to go to college in georgia but i voted in florida and i'll say the democrats are out of line in florida that wasn't crooked any more than the fact the republicans are the top of the billing which is the democrats fault from decades ago but georgia and the democrats have a stronger case, it is a questionable state for voting, unlike florida where democrats, so stacey abrams has some points maybe i'm just siding with oprah but that's my take on it. david: say that again, rich? i couldn't hear you. she certainly put herself into the national discussion, much like sometimes, you can win more by losing, i think, than you do by winning so i think she represents a set of new voices in the democratic party for 2020 david: of course she was also sort of propped up by comments by hillary clinton and other democrats who suggested that she was the rightful heir to the

governor's mansion. >> david i love you dearly but both sides prop up their candidates president trump is quite effective at doing that in many races. david: that's true. >> i was interested in liz's reaction which liz has studied this more than i have so you know more of the facts, liz, on this case. i thought she made stacey abrams made an extremely long and detailed explanation and description of what she felt had gone wrong for a long time in this race, in georgia, so i found it very compelling, very convincing, and i think rich made a good point. she has vaulted herself on to a larger stage. david: well it was long enough so that we have to cut this conversation short. we'll be right back with a lot more. stay with us. an august to remember,

starts with a december to remember at the lexus december to remember sales event. lease the 2018 ls 500 for $769 a month for 36 months. experience amazing at your lexus dealer.

for 36 months. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. yeah, i've had some prettyeer. prestigious jobs over the years.

news producer, executive transport manager, and a beverage distribution supervisor. now i'm a director at a security software firm. wow, you've been at it a long time. thing is, i like working. what if my retirement plan is i don't want to retire? then let's not create a retirement plan. let's create a plan for what's next. i like that. get a plan that's right for you. td ameritrade. ♪ >> when they declare victory at 4% unemployment it is not good enough because 4% unemployment means an 8 or 9% unemployment in some cities for black women, it means a 16% unemployment rate for black men, it means young veterans coming out of iraq and afghanistan a 20% unemployment rate so our work really isn't done. david: the facts weren't right that was democratic senator

kristen gillebrand, citing incorrect unemployment figures, the washington post calling her out in an arlen titled her cascade of misfired employment stats, 2020 hopefuls looking for a way to down play this strong economy but is this really the approach they want to take? >> yes, david i'll start with this. >> i think the economy, i'd like to hear rich, please. david: good let's hear rich. i think talking down the economy , when we've averaged 3.8 % gapped growth over the last six months is a non-starter had 4% unemployment there comes a point where you aren't getting any better than that and now we're all worried about 2019 and maybe she should talk about that rather than what occurred because the numbers are pretty solid. >> but rich, she's following a play book by a man named donald trump. he ran for president at a time that unemployment was coming down when the economy was growing, we can say oh, well, it wasn't down enough and the

economy wasn't growing enough, but he said this isn't good enough. these people are hurting. that's what she said, whether or not her numbers were right. it's a political strategy and it worked for another guy. >> but the truth is, the last two years, unemployment for all those categories that she mentioned and for others for ex- fell ons, disabled people everything has come down. >> but they were coming down, liz, during president obama too but trump didn't care. he said there's a lot of pain out there. by the way he was right. >> are you trying to say the democratic voters fall for just like the trump voters? >> oh, gosh no, jonas, i'm not saying that. >> i think to rich's point they need a better plan of attack than trying to juggle statistics in a way of the statistics that make it look like the economy is bad. no one will believe the economy is bad. if they want to talk about someone they can say just because the stock market is going up doesn't mean everybody is doing it well some people go into how they can talk about a

corporate tax cut, i think some people would go for that but you try to prove an all-time unemployment rate is bad for you it won't go anywhere. >> i don't agree and the reason i don't agree is question we can say was it good enough? the economy was good, in 2016, and trump ran against that and he succeeded. >> we didn't have one year of 3 % growth. we not one year of 3% growth. this is like smarty pants economics talk. the economy was growing, unemployment was low. he said not good enough and he was right. >> but adam he was also bringing up the debt issues before he started raising the debt again so wouldn't the democrats be able to make a stronger case talking about the debt that's going up because of increased spending on defense and corporate tax cuts we can't afford? is that stronger than bringing up the unemployment rate at this point of the cycle? >> i get your point, but no, because i think that americans don't care about the debt. that was the old paul ryan

republican line. >> they don't care about the debt? we had a whole tea party movement that came out of nowhere over the debt. >> and where are they? >> the white house. david: by the way you also had a president at that time who came out with a lot of promises, a lot based on statistics president obama that weren't true, and yet i'm not justifying anything this president said, but there were at least as many false put forth in support of obamacare since there have been. >> could i just raise one point here? david: sure. >> really what we're talking about is that gillebrand is out trying to make a case unemployment is not low enough even though it's at record lows for almost every category of workers and she uses the wrong stats. surely we can all agree she should at least get her statistics right. >> i don't think you're following the logic of me. she needs to do the trump model of getting the statistics wrong but she needs to take better statistics to get people in the voting booth. david: nobody will believe

anything politicians say. >> it's running off 3% growth and 4% unemployment into 2020 he's going to win re-election end of story. david: i think he's in a much stronger position well as many in the media are talking about an economic slow down one of the world's most successful ceo's says 2019 is going to break all records for growth, we'll debate if he's right, coming up next. so a tree falls on your brand-new car and totals it. and as if that wasn't bad enough, now your insurance won't replace it outright because of depreciation. if your insurance won't replace your car, what good is it? you'd be better off just taking your money and throwing it right into the harbor. i'm regret that. with new car replacement, if your brand-new car gets totaled, liberty mutual will pay the entire value plus depreciation. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪

and all through the house 'twas the night before christmas not a creature was stirring, but everywhere else... there are stores open late for shopping and fun as people seek gifts or even give some. not necessarily wrapped with paper and bows, but gifts of kind deeds, hard work and cold toes. there's magic in the air, on this day, at this time. the world's very much alive at 11:59.

>> 2019 and the imf was in both of those still may be one of the fastest global growth years on record and america which is a big part of the global economy is growing at 3% plus and it's just powering through. people are cutting back their workforce, wages are going up, companies are spending more in capital expenditures, confidence is very high. david: that was jp morgan chase 's ceo jamie dimon saying 2019, next year is going to be a break away year for economic

growth so gang is he right? >> okay first of all he's got one of the best gauges he uses that's why jpmorgan stock is beating all of the global banks anywhere. that said, he's right about the trump economy as rich said this is a strong economy that we're driving the global economy; however unlike when japan was hot and china more recently, there's not enough pickup in other countries to get us up to the level where we had 7% global gdp. that is not possible just on trump's back. >> i don't know if he was talking about the united states or global growth. it was global. well global is supposed to be good but maybe not the best ever i do think that people are down playing the momentum in the u.s. economy right now. the consumer numbers for october retail spending incredibly strong, really beat estimates, gas prices are coming down which suggests that whatever inflation is out there is not going to impact consumer spending probably for the next six months i think there's a tremendous amount of momentum here which will take us into 2019 and here is the thing, jamie dimon really

has his finger on the pulse not just the consumer but the business community. but this is investment that was down. i mean that's sort of those are the clouds hanging out there. if you don't have business investment going forward, i don't know how you can project the kind of record growth that he's calling for. >> far be it for me to disagree with jamie dimon. i think the headwinds are from the rest of the world economy, not doing well, can't be good for the united states, which is sort of the inverse of the way j onas put it but i agree with him. david: although now is the time when a president could focus on things like trade and maybe even more deregulation than what he's done. >> well on infrastructure, which he said he was going to do and hasn't so that would be helpful to the domestic economy. >> but also you've got europe in a stall right now. i mean europe could conceivably begin to pick back up-tick harry reedily if the tariffs on aluminum and so and china, you know, again we keep hearing how

devastating these tariffs are and yet when people start talking about maybe we get a resolution at some point they don't see it being any pick-up in growth in their scenario, so those two things really don't coinside. david: well mark zuckerberg coming to the defense of facebook, of course. it's his company but wall street isn't buying what he's selling so what could ease investors fears? we'll debate that coming next, stay with us. hi i'm joan lunden. today's senior living communities have never been better,

with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. and there's never been an easier way to get great advice. a place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. a place for mom. you know your family we know senior living. together we'll make the right choice.

and an ice plant.rs with 70-megawatts, 35 mules, but we brought power to the people- redefining what that meant from one era to the next. over 90 years later we continue to build as one of the nation's largest investors in infrastructure. we don't just help power the american dream. we're part of it. this is our era. this is america's energy era. nextera energy

david: facebook's conference call with executives was supposed to defend the company and ease investor fears after a scathing new york times report yesterday but take a look at the stocks reaction. it dropped 3% today investors obviously not convinced that ceo mark zuckerberg has things under control so what needs to happen to turn the tide, guys? >> well, the obvious answer to that is that the wrong person was on that conference call yesterday. it shouldn't have been mark

zuckerberg but it should have been the chief operating officer cheryl sheryl sandberg whose low pressure responsible for policy for years which is the fundamental problem here so the easy thing to say is she's got to go but she's been an essential part of running with the successful commercial company and if she goes, that's not exactly an easy fix. >> i agree with adam but i also look at the big technology companies, apple, microsoft, google, amazon and then i look at facebook and i think facebook is in a very vulnerable position scandal or not. >> yeah, very vulnerable position this stock when it blows through 100 back into the double-digit somebody is going to be leaving to spend time with their families in the executive suite and somebody was leaning in too far it looks like and i don't think it's going to get better, and it's not that zuckerberg is i don't think he's capable of running a company that's this political at this point and this large globally, the genius era is over now and it's like you've got to manage the public and they're very bad at that.

i think you raise a good point i listened to his comments today and he sounded sort of tired of the whole thing. he wants this to go away but the problem is it isn't going to go away and at the very least, facebook is going to have to hire a whole lot more people to try and self-regulate and i just think that's a cost issue and a political issue going forward. i think they have some problems. >> i will quickly take the other side of what i just argued which is that mark zuckerberg -- >> are we not enough of a debate? >> i just want everyone to consider that there's another scenario here, which is that he has managed through an amazing number of transitions in a relatively short period of time for an extremely young guy, and it wouldn't shock me if he figures out a way to do it again david: one of the things that came out of that speech he had to read about 1,000 words into get to it was senator chuck schumer telling senator mark warner to back off of the

facebook role-enabling russian interference in the election. i'm wondering why he would do something like that. >> well his daughter works for the company. that was one issue that the new york times raised, but otherwise , it is an interesting question. i mean, it was a political statement i think. he just didn't want -- >> i think he's been sympathetic to the company for a while that era of democrats who they have been very close to and cozy with and i don't think it goes any deeper than that. >> that would be all tech companies which is why none have been heavily regulated. david: so is that all fading away all of those connections between democrats and silicon valley? >> now it is, yeah, i think the era of democrats with these publicly favorable companies is over, because now, the public is starting to turn a little on facebook and it's more of a domestic issue. >> both the populous left and right are pretty angry about big tech's role in society, and that both the populous left and right , the sentiment about big tech is getting wider and wider.

david: so what's going to happen, rich? >> well, for facebook, you know , i think that mark zuckerberg, i have faith that adam does zuckerberg so far deserves a chance to turn it around but big tech is going to be regulated. i always thought amazon would be regulated first but it could be somebody else. >> rich makes an important point this is an area where the populous left will work with the trump adminitration if they can get their act together, but that leadership won't come from chuck schumer or nancy pelosi to be clear. >> let's not forget he though he used twitter to a great success he could have started calling out these companies before the democrats start to jump on it. david: well elizabeth warren marking another lawmaker calling for bank regulations does warren want a solution or a campaign issue for 2020? we're going to debate that coming up next. i am a family man.

i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience.

my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome.

david: democrat senator elizabeth warren urging regulators this week to take actions against banks. she tweeted out banks are making a record amount of loans to companies swimming in debt and then pushing the risk to investors just like the pre-200e market it's a ticking time bomb

that could blow another hole in our economy. regulators must take action before it's too late so gang is she right? >> i can't wait to jump in on this. david: go ahead. >> this is a very different situation than what caused the financial crisis. elizabeth warren has made her reputation bioposing banks and this is what she's going to be talking about when she runs for president in 2020 but what's happening now is you are getting banks doing big loans to companies that are doing take overs, this has nothing to do with real estate, nothing to do with personal loans and therefore, you're not going to get the sort of tiered effect of one loan on top of another on top of another which basically came crashing down. we're talking about companies possibly taking on leverage loans, too much debt, and yes, there is some risk in that, but that has nothing to do with the banks capital positions all those things are much much different than they were 10 years ago. totally different scenario. >> the good news is that thanks

in part to always we have good banking regulations on the books so on both sides of this one, david yes she's campaigning for president, but no, we don't need necessarily new regulations. she helped get what we have. >> boilings makes no distinction between bank of america and wells fargo and all of these wonderful small regional banks around the country who, there is a real starvation of access to capital in the very parts of the midwest , that are hurting, economically and a lot of that is because these smaller banks trying to roll in the cost of regulation, founded on affordable so even sherrod brown whose progressive credentials match elizabeth warren understood that distinction. >> there's a lot of differences i think she's trying to like tie her pony back to areas where she can work with democrats because she made missteps in recent weeks but these companies are borrowing too much money and

there's a lot of triple b debt that is questionable that has investors concerned. whether it's all in the banks balance sheets at this point with their new capital requirements i don't know if that's the problem. also netflix when they borrow money, they're not lying about their income, like these people were doing with mortgages, it's a little different this time, again i question the banks i think investors are just too comfortable making loans to corporations who jump on borrowers and we're not even charging them a lot of interest and that is a problem but not one she's trying to identify. david: one of the big problems that led to the bank bail out was the fact that the government was backing so many of these loan, all of this co-mingled money, we used to separate commercial banking from financial banking, and we got rid of that changed things but suddenly government backed savings accounts were backing these very risky loans. >> and the reason we're talking about this, you know, again you have to give credit where it's due. that was her thing, and she was

right about that and so we're not paying attention to her only because of she's a celebrity politician, but because she's been right before on this. >> she called out the banking industry when it was issuing a lot of loans that were not credible, were not secured by anything and then really, the thing about that period was everybody what was going on. i think today is a very different situation. david: okay that's it. a lot of kudos for elizabeth warren here, should tesla investors be worried the bizarre interview from a member of tesla 's board you don't want to miss this. >> i am so happy for the future of tesla, on march 20, 2019 we're going to plant a seed , david, give a thousand families, a million families. david: come on, come on!

.. for 36 months.

experience amazing at your lexus dealer. i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk.

common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite. these can lead to dehydration, which may worsen kidney problems. to help lower my a1c i choose trulicity to activate my within. ask your doctor about once-weekly trulicity. to hshould happen everydredse five hundred years, right?ithin. fact is, there have been twenty-six in the last decade. allstate is adapting. with drones to assess home damage sooner.

and if a flying object damages your car, you can snap a photo and get your claim processed in hours, not days. plus, allstate can pay your claim in minutes. now that you know the truth... are you in good hands? david: kimball musk is not as well known as his brother he on. but he gave a bizarre interview to varney. stuart: you are on the board of tesla. >> i'm happy for the future of tesla. we are going to get a thousand families, a million families. stuart: i don't need to know you

are happy about the future of tesla. i want to know what your new chair is doing on the board. >> i'm so happy about the future of tesla. david: kudos to stuart for not take that from tesla. should a guy this like this be on tesla's board? >> should he be on television is the question. >> tesla investors should sell today at 3s 50. should sell and stay the heck away. >> tesla has a good board. ' steve german is on the board. investors let elon musk get away with a lot of stuff.

the deal with solar city from the cousins of eve on musk is the problem. >> this is a live or die by one maps strategy. you either believe elon musk can do this or you don't. rich, do you agree with me or am i wrong about that? >> i think he's steve jobs reincarnated. when he swings the big bapt it will be home run or strikeout. david: the buddy boards when a ceo picks all of his friends and buddies and relatives to put on the board. some of them are celebrities. i don't know if that's such a good idea. >> it seems like elon musk is a genius. he created something very special, and now it should be turned over to somebody who can

actually run it. >> the company needs him. this guy is still a genius and they are innovating and doing so many projects that require his input. and he's why people like the company. >> really button down. >> $1.6 billion is a modest down payment for the security of this nation. we see day in and day out that people from pouring over the borders. the president wants people to come here legally. there is a process to do it. congress needs to act on the wall funding and congress needs to act on immigration. liz: a government absolutedown before christmas if the white house does not get