there's also plenty more information and videos on our website... week, bulls & bears is up next. david: hi everybody this is bulls & bears i'm david asman joining me on the panel today, liz peek, adam lashinsky and steve moore. well, more chaos in the markets, take a look at this the dow closing down 559 points after rallying at the open, we've lost more than 1,100 points this week alone driven lower by mixed signals coming from the president, and his administration over the progress with china on trade. negotiations and what exactly will happen at the end of this negotiating period, and while all of this is unfolding one of china's highest profile tech executives is arrested in canada on our request on the same day president trump was meeting with

the chinese president. now, critics believe timing was not coincidental. so, folks is the president and his administration mishandling this situation with china? >> well i think one of the interesting questions is exactly that. the timing of this. remember, when president xi and president trump sat down at mar-a-lago for dinner the first time they met, president trump excused himself from dinner and ordered the attack on syria, missiles fired on syria, which was sort of a tremendous heads up to the chinese, that is not diplomatic behavior, and i sort of feel like this was the same thing. here they were, yes they were making nice about trade, everything was going smoothly, but don't forget what power we have is the message from the trump adminitration. i think that it was a very gutsy move whether president trump knew about it or not we don't know john bolton did apparently know about it. i don't think it was a coincidence. >> you know, i have a different perspective, if i can go higher than that. i agree with you, liz, but the

issue is that the administration has mishandled this situation with china pretty much from the start, and here is what i mean by that. i've think getting tougher on china is a very good idea but the way that the president has approached this like a real estate deal, i'm going to walk away from the table or i'm going to slap high tariffs on you. it is embarrassed the chinese every step of the way. this is serious business this isn't messing around so take the arrest of the executive out of it. he sends these signals that change from one day to the next, and we seen the consequences not only in the stock market but pretty darn soon in the economy as well. there was a better way to do this. >> on the other hand the administration has been going after china on any number of different paths charging them with specific incidents, cyber hacking, specific incidents of intellectual property theft. it seems to me they are sort of after many years of an administration that did absolutely nothing to counter the chinese aggression on

economic matters, i think they're doing everything possible. they are also lining up allies, and confronting china's belt and road project and now we have australia on board confronting that africa nations are entering into agreements with the chinese it seems to me actually, they're doing this on many fronts at once and it is a maximum pressure event and by the way, i think we're going to see something come out of these agreements. >> i do think. i think you're exactly right, liz. it's like extracting a wisdom tooth to get the chinese to agree on anything here, but you know, this is, you know, i always said that this would be, david, short-term pain for long term gain. i just didn't know the pain was going to be so severe in terms of trying to get china off the hook and what really happened here, i think, this week, was from my source at the white house they say look we thought we had a deal, we had a handshake deal we were going to make significant progress that china was going to start behav

ing itself because look, they are the bad actor here there's no doubt about that and as soon as they got back to beijing they started back pedal ing from this. it's very difficult into do with china. >> what i'm trying to come back to is i think we're all in agreement that something needs to be done. liz by the way the obama administration was moving in this direction. we can quibble about were they moving aggressively, what have you. >> what were they doing? >> well for example, it was already cranking up these enforcement actions, but in the obama administration and we can quibble about these details but we, at least, agree that something had to be done. i think that you joke well the short-term pain is way worse than we thought. it is not a good idea to go in and disrupt the entire global supply chain all at once. >> i'd like to just add to something what liz said earlier. this has never been just about trade with china. you know, this is much broader than just trade. >> that's fair.

we're talking about opening up the china market, protecting u.s. intellectual property rights and i think is this being mishandled? not necessarily. we all know that president trump 's method of operation is to keep people guessing, and to create that level of confusion. that's the way he operates. i mean, do you expect him to go out there and basically telegraph on social media how he plans on negotiating with china? david: steve the fact is that i have never seen a more powerful economic, you were there in the white house many times in the trump adminitration and you've seen different economic players. the economic power of larry kudlow, navarro, i mean they all made this agree with each other but this is a powerful group. i wouldn't take it lightly. >> look, there is a powerful group and that's some intellectual huff there no question about it and most of them are dedicated to principles of free-trade, but i think what has been underestimated is how slippery the chinese are. you know, even when it comes to just keeping your word, they

don't seem to, seem to stick to western standards of behavior and that means look, trump cannot back down here. this is the most important point he cannot blink. he has to move forward. it is going to be painful. you may see more days like what we saw today in the market but in the end i'm with liz. i think he's going to get a deal and david when he gets that deal it's the biggest explosion in the stock market you ever saw so that long term gain is out there >> one thing i would also add don't forget china is not exactly innocent here either they're not sticking to just trade discussions. think about what's been going on with china and north korea behind the teams, pulling the strings in the negotiations with the u.s.. i think china has it's hands in what's going on in the south china sea. there's a lot more here. david: apparently what's going on in iran that's why this woman has been arrested in canada. go ahead. >> i thought it was what steven said i'll make a different prediction. i think i agree there will be a

deal. i agree the market will go up and i think the deal will be as similar to the north korea deal which turns out nothing so far has happened which was a very reasonable week of decades old treaty. >> no, no, no. >> i would really take issue with that. >> i talked a lot about trade. you're right that he took a victory when it came to mexico and maybe even korea. he is not going to take a symbolic victory when it comes to china. >> i would agree. steve i agree with you 100% partly because of the people at the table including navarro and lighthouser and i would take issues with what you said earlier steve they understand the chinese are extremely slipper slippery and they will try to get out of any kind of commit ams and we are going to be setting down markers is my understanding that are going to be very easy to read in terms of chinese compliance. david: well i hope you're right but my problem is that the markers that have been laid down within the trump adminitration are different ones. i mean today we saw an example

of that. navarro saying one thing, kudlow saying another. >> keeping them guessing. [laughter] david: that's not very helpful in the short-term. maybe in the long term it all works together to come up with a plan but in the short-term it's a little confusing isn't it? >> that could be part of the strategy though. david: well but i want to address that. >> i think we tend to laugh about that too much. that may be funny when the issue is -- david: i don't think it's funny >> debt financing for a skyscraper or $250 million financing for a skyscraper it's not funny when the subject is national security. david: who said it's funny? >> well, i think we chuckle, well he's keeping them guessing. it's kind of cute. that's my point. it's not good diplomacy. it isn't the end of the world to say this is what we expect. you said that's telegraphing. i say that's the way, we can say to the chinese this is what we expect. >> and that's what they did at

the g20. i think david pointed out they are changing what they say daily that's david's point. david: hold on hold on let david speak to david's point. david's point is that the administration is filled with very smart people who have very different points of view, vis-a-vis china and trade. you have the kudlow version and you have other versions, lighthizer is somewhere in the middle between navarro and kudlow but the bottom line is that at the end of the day, i think what the goal is everybody agrees on in fact i think everybody in this panel agree on the ultimately goal, get them to stop cheating to get them to stop forcing u.s. companies to do things that chinese companies don't have to do when they work here. >> i agree. >> you mentioned something important in terms of the metrics. i mean, i've been really keeping my eye on that because i think they will get a deal but trump is going to want real metrics that they have to achieve, and i

hope, david, it's not the trade deficit. david: we'll talk about that. >> it's not the right measure. i agree with you there too. >> it's the volume of american goods and also enforcement of intellectual property rights, they haven't done that in 20 years. david: absolutely we'll talk about the trade deficit more coming up, and the november jobs report, it's falling short of expectations, but is this just a blip for an otherwise strong employment market? or should we be concerned that a slowdown is coming? (roger) being a good father

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david: well the november jobs report came in and it was below wall street estimates, with the u.s. economy adding 15 5,000 jobs, expectations were for 200,000 the unemployment rate held at about 3.7%, wage growth a key number for investors worried about fed rate hikes well that remained at 3.1% while some are flashing caution truck economic advisor larry kudlow remains bullish about the economy. >> we're running let's see, 20 6,000 new jobs per month through november, in 2018 that's a very big number historically, wages are rising 3.1% and the

unemployment rate is 3.7. the unemployment rate we almost got the unemployment rate to a rounding of 3.6 but not quite. but i think it's a good number. david: but are the jobs numbers an indication that a slowdown is coming, gang? >> no. you know and david ursino brought the media hype this was a disappointing report. i don't get that for one minute. you just heard larry kudlow say 150,000 jobs it's not a great number but it's a pretty good number. david: it was below expectation s. >> i don't care what the expectations are. david: okay. but it was. >> you've got wage growth, you've got the lowest unemployment rate ever, you've got construction jobs, you've got manufacturing jobs, it's an indication the economy is slowing down maybe a little bit? yeah but these are really strong numbers and by the way we're running out of workers. david: that's a fair point. >> steve, i agree with you. i don't think there's anything in the jobs report in particular that indicates we're in for rough times ahead. i think there are other factors out there particularly this week

obviously we talked about china and also interest rates and potential inflation with this wage growth that could be problematic but the jobs report in and of itself is a very good jobs report those are fantastic numbers. >> i would say two things about the jobs report and first of all remember back in september and even august, retailers were gearing up and hiring many more workers for seasonal needs, the holiday season than as usual at that time of year so i think there's some borrowing. in fact if you look at the numbers retail was up 18,000 and my guess this time of the year that month should have been a much much bigger number and the second thing is i don't think this could be interpreted as a problem in the supply chain or having to do with trade and manufacturing was up 27,000. that's a very good number for manufacturing, so i really don't read this as particularly emblematic of any underlying tensions we've been talking about. >> i agree. i run a global professional services business at a firm and our biggest issue is people and

talent. we just can't find them and it's a global issue not even just in the u.s.. i would agree that we can't learn much of anything from this 15 5,000. it's not a great number but it's clearly not terrible. we would rather have that than have negative growth or something under 100,000 but there are plenty of warning signs that things could get bad and that we'll see worse numbers in the future. i think what we if the economy turns bad, which by the way the stock market thinks it's going to, we'll look back and we'll say well, the tax cuts were like an injection of something, some kind of drug that helps and then wore off and the trade tension didn't help matters. it didn't help the farmers, help global manufactures, and it didn't help to disrupt things so much and we could look back on that. david: by the way, the business round table just came out with a survey which is again shows how optimistic business people are and i had a couple of business

people on earlier today and they were saying look, we don't care what the so-called experts say. we know that there are naysayers on the fed who are saying slow down is coming et cetera, but we are doing so great and just like you, paul is having trouble find ing workers. it means, it's very significant, i think, that you still have more jobs than job seekers, right? >> yeah, look and again, this argument that somehow the tax cuts were some kind of sugar high, look -- >> sugar high thank you for putting it better than i did steve. >> even if they were just a sugar high they don't go away for five or six years so we'll be on a five or six year sugar high and look, you look at the pro-growth policies in place, and other than the trade war, which is a very big problem, everything else looks pretty positive. >> let me ask you, why or what is your sense of why the market is behaving or reacting so violently to little trade tension with china?

what is it? the market sees that it's so nervous about. >> okay it's a good question and two factors. one is the tension on the trade and the other one is that the fed is way way way too tight. we need oxygen in the economy. they need to be putting dollar liquidity into the market. this idea they are going to raise interest rates again is insane. there's no case for that whatsoever. david: by the way you'd be happy to know that a member of the federal reserve believes what you just stated, steve. the fed is not in a position to raise rates right now and he went on to say that a december rate hike would invert the yield curve, which of course is very bad news, and then says there's no reason for the fed to be in a hurry so there is a movement within the fed itself not to raise rates. go ahead. >> david let me just play devils advocate. if things are so great, where we have lower taxes, we have a regulatory environment that is conducive to doing business, the business round table is feeling very confident if all of those things are true why should we be

concerned about a modestly tightening fed policy if the fed thinks it's a prudent move? >> adam i think one thing we haven't talked about is the fact we're not the only country in the world and as a year ago we had coordinated global growth pretty much everybody was doing well. we've seen europe kind of go into the tank in the last two months or something, china slowed down so i think actually, i sort of date this increasing pessimism about our growth from the time that europe begins to slow down and china began to slow down. >> i'd like to add to that so earlier this week see was at the economic club of new york listen ing to former treasury secretaries speak and what they were predicting is we need to look outside the u.s. for the potential risk more so than within the u.s.. they view the next potential crisis coming from somewhere outside the u.s.. you touched on it, obviously china is a big part of that but we have things like brexit, we have things like italy there's a whole host of things out there, north korea saudi arabia. david: don't forget france.

they are still having riots in the street there. coming up facebook's losses are becoming other companies gains once the darling of the big funds managers, they are now running away. is the writing on the wall for the social media giant? ♪

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david: at least 93 u.s. mutual funds have completely dumped their positions in facebook this year over rising concerns about the social media giant's declining profit margins and their reputation. funds that facebook are turning to like visa and pepsi facebook shares are down 21% this year but is this a big over reaction all of the bad press or a bigger sign of facebook's daunting future. let's ask dave maney, the ceo and founder of digital. good to see you dave. so how important is it these funds are dumping facebook? >> well, i mean, i think it's a

sign of something worse, and i think that worse is an underlying brittleness in facebook's business and that is that it's surprisingly, its hold on users is surprisingly delicate so there was this kind of time when it seemed like it was cheers. everybody knew your name when you showed up and it was a place full of good feelings and you trusted them enough to put your baby photos and your pet photos on, but its turned into this thing now that seems like, it seems like a bar full of drunks with people fighting and with a bartender who sort of is taking your money and not giving you change back and who will not give you the drink that you ask for, even though you said you wanted this, and i believe that that notion that it's a must have in the way that some other digital platforms are, i think, is going away and that brittle ness is what those fund managers are reacting to.

>> i must law enforcement agree with what's going on at the company but i'd say this. first of all facebook doesn't lack for capital right so it sort of doesn't matter in an existential sense if these 91 managers own the stock. i think there will be a bottom for this stock because there will be a bottom for this company. if i for example, don't use facebook any more i'm mad at them for a variety of reasons but i listen to my wife's talk about who her high school friends she's seeing a lot of people continue to find utility with the product and they have other products by the way so my sense is at some point, they clean up their act and it finds a financial bottom and different fund managers, or these ones come back in. >> i think the question is what is the real tip off that facebook really has had a blow to its model? in other words is it declining number of users in north america are we going to be looking at less ad revenue coming in? what should we be looking for to

really indicate that all of these problems, the anti-trust discussions and the lack of trust et cetera has really made a dent in their business. >> liz here was my take on this situation. >> yes? >> facebook like the other fang stocks obviously have had exponential growth for a long period of time. that is now pulling back, right? so it's not like they're not growing. they're just not growing at the same rate they have been. true. here is another test that i use. i have three young daughters who are all over social media. none of them have a facebook account. >> they're on instagram. >> and they're on youtube and snapchat but not on facebook, so i do think you're going to start to see growth slow after a period of time. the world only has so much of a population. >> so look i'm no fan, i basically agree with that's the trend that's happening but as liz was pointing out facebook owns instagram so if we were talking about another company we would say that's very good news. the main product, no one wants to buy cadillac's any more but they are buying buicks terrible

example but you get my point. so the bit about young people not being on facebook that's not new and that's why they bought instagram for example, so you should give them credit for that >> yeah true except that it as a long time ago, five years ago i wrote a piece essentially saying social media is becoming a fashion business meaning that there isn't that kind of hold or that kind of grip so you're right. instagram now has that grip but there is similarly no guarantee at all that it's going to keep that grip and my guess is that's the experience all of you are having is the same one where less and less people that you want to be in contact with seem to be showing up on the platform i believe that's -- >> negative effect. >> that's what i'm really trying to get at is what should we be worried about? what i'm worried about is the next time there's an instagram that begins to take market share away from them with a new platform that they will not be allowed to buy it that some agency here, or in europe is

going to say no, anti-trust issues really now apply to this company you're not going to be allowed to make that acquisition >> by the way if there's one industry we don't need to worry about anti-trust it's the digital age companies. this is such a hyper-competitive industry. >> not if you buy up all of your competitors it's not. >> but you're not suggesting, liz that we go into anti-trust against facebook are you? >> well i'm just saying i think a lot of in europe they've been talking about that certainly with google and with facebook. >> that's because they can't build a better mouse trap. >> well that's true. >> look i think they will be regulated probably not in the traditional anti-trust sense but for example, on the privacy issues and the severe privacy problems that they have. liz you're lacking for a metric? i think as dave suggests it's certainly possible that you'll see declining user numbers from facebook at some point. they're not experiencing that

now and remember we have to keep in mind here, this is a company that prints, that continues to print money. it's a very successful financial model but one of the things to think about though -- >> it feels to me like it has begun to move into the realm of a sin stock, where suddenly, it feels like you're not supporting anything good and in an era of e sg investing and social responsibility, even among fund managers i could easily see a place where they say in addition to whatever underlying network and business was where they start to say do you know what? this is a little too hot of a potato just given more momentum. david: any signs that advertising has begun to pullback a little from it or pay less for ads? >> no, you know, the ad numbers are still good but remember that is a function of what has been and if you look forward and if this great discussion about what happens if a negative network effect things kicks in that can go in a second and competitors

are not at all standing still. >> but i would add to the point that just like any other matur ing business, it's going to be subject to more regulation. there's just no doubt that's coming. that regulation will slow growth and take it less from a view of let's say a sin stock though. it's going to be regulated like any other industry. david: it's coming why else would silicon valley companies come to washington and play nice with president trump. i mean there's no other explanation except for that. thank you, dave good to see you. appreciate you coming in. >> thank you. david: america is raking in nearly $12 billion from tariffs but companies say they are feeling the pinch. will the gain out weigh the pain that's coming up.

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david: the u.s. treasury has collected nearly $12 billion in tariffs according to sources in the trump adminitration, but some american companies say they are still feeling the pinch,

deirdre bolton is here to break it all down for us, hi, deirdre. >> dave will certainly the american companies have been hurt in these trade tensions between the u.s. and china, so most companies that make anything from washing machines to engine parts to bulldoze bulldozers, to motorcycles basically anything that makes metal has been affected so that's steel and aluminum but it even goes further so makers of baseball gloves, sleeping bags, it's a long list, all are paying overseas suppliers more for components or materials, however you want to phrase it. a lot of businesses have been able to negotiate directly with foreign manufactures one on one, gotten them to cut their prices, but it's really every company for itself and this kind of environment and now the amount of tariffs paid by u.s. importer s has doubled since may. agricultural goods as well i don't want to ignore these they are big on the list so soybean exporters certainly hurt it's our number one crop in the past five years we've shipped out

anywhere between 15 and $18 billion per year and these exports of this crop are down to a four year low so it's down 43% year-over-year and chain also has been buying soybeans from brazil, which has a record crop this year, so it just seems as if this imbalance for soybean farmers and anyone connected to that business are just going to have a tough year. i also want to mention that american companies are managing a strong dollar which of course does reflect the strong underpinnings of our economy so it is a complement of sorts but it does become an additional disadvantage for anyone trying to sell their products overseas, david? >> deirdre, this is paul here, so the tariffs obviously are going to start to bite and they are going to start to impact our u.s. economy, but this and we've been talking about this earlier on the show. this is much more than just trade and tariffs particularly with china. there's a lot more going on here so the question is is this worth

the pain or potential pain as they start to bite in the u.s. to get more concessions from china as far as opening up their economy, as far as protecting u.s. intellectual property rights, i mean what's your view on that? >> well that's really the issue at the heart of the matter right the intellectual property and what many american companies have said have been stolen from them over three decades plus of doing business in china and of course as we know the chinese government and chinese companies say it doesn't happen, but we know of so many scenarios where if i were to go to china and setup a venture i would be forced to partner with a chinese firm that would then have my research or my data or technology or have something and that has been very difficult to protect and the dollar amounts that you're probably referencing is true the amount that is stolen from u.s. corporations year on year, greatly out weighs these tariff tifs and i think it's worth putting that in some perspective. >> we have a $22 trillion economy. this is a tiny number at this

point, 70% of that is consumer spending or thereabouts so yes, it's very harmful to certain companies and i must say the one thing that bothers me there are companies looking for exemptions who have not really been given those exemptions. companies that really are having a hard time sourcing their materials and making a living. i think the trump adminitration has to really be very careful to keep american companies that are trying to deal with this in business, frankly, because some of the small companies are really getting kind of on the edge. >> that's a double-edged sword though because one of the problems with tariffs when you get tariffs higher and higher is then you get all of these exemptions, and then it becomes like lobbying frenzy who has friends in washington but the second point is listen very closely to those numbers you were talking about deirdre and what really jumped out at me was the pain and suffering from these steel tariffs. i think of all of the policies trump has put in place over the last two years, probably the steel tariffs have done the most

damage because they're not even creating jobs in the manufacturing sector. for every job we create you mentioned all of the companies that struggle because they have to build things with higher priced fuel and higher priced aluminum and mr. president get rid of the steel and auto tariff s. i'm with you on china but not on steel and auto. >> i want to make an observation and steve i'd love it if you'd react to this because i think you and i agree on the if efficacy of tariffs so right now there's two internet industries in the world there's the world's internet industry and there's the chinese internet industry and one of the things that will get discussed is are they opening up their industry to the u.s. internet players and the short answer to that question is no. what if things get so bad we go the opposite direction in the rest of our industry and the chinese say do you know what? to hell with you we're going to have our economy, you can have your economy, we'll see who likes that. i don't think that would be good for anybody but i think it's a plausible reaction.

>> i actually think that is plausible even deutsche bank published a note saying before the arrest of the cfo of huawei, they had the u.s. and china more or less getting on the same page they had price setting at about 40% sort of after this 90 day freeze period after the arrest of the cfo of huawei they said okay let's bring that down 10 percentage points and there is now just a 30% chance of us at some level reaching a trade agreement. david: there's another thing about tariffs that we're not mentioning which is that one of the reasons the president said we needed the tariffs was to balance out our trade deficit when in fact what has happened? we have the largest trade deficit with china in 10 years. >> on record. david: so the rationale the tariffs aren't working. >> that's because we used to tell trump this. larry and i, when we meet with him we say your policies will probably lead to a higher trade deficit because they are increasing the value of the dollar as we suck in capital and they are going to make america a

better place to invest in and by the way, the trade deficit goes up when the economy does well and so -- david: it's a terrible measure. >> dogs trying to chase their tail there. if we have a recession that'll bring the trade deficit down. david: for the wrong reason. deirdre thank you very much appreciate you coming in. well renewable energy equals racial equality? does that make sense? it does to alex alexandria cortez she says the green energy movement will spark major social and economic change in america. i feel a debate coming on, stay with us. >> this is going to be a great society, the civil rights movement of our generation. that is the scale. that is the scale of the ambition that this movement is going to require. >> [applause] fact is, every insurance company hopes you drive safely. but allstate helps you. with drivewise.

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david: at a town hall meeting, congresswoman-ecollect alexandria cortez made another bold claim, saying that combat ing climate change is going to bring about social justice reform take a listen. >> it's in everyone itable that we're going to create jobs and inevitable that we're going to create industry and it's inevitable that we can use the transition to 100% renewable

energy, as the vehicle to truly deliver and establish economic social and racial justice in the united states of america. david: so, is fighting climate change really the pathway to social economic and even racial justice, gang? what do you think? >> okay she needs to go to paris and have a little education in how these green policies really affect the average person. the truth is if you look at energy costs, electricity costs for the americans, low income minority families are paying 7% of their income for electricity compared to 2% for everybody else. guess what? if you start bringing in more green energy which is higher cost in almost all circumstances , it is going to ratchet up and be incredibly regressive tax on low income and particularly minority americans. it is the opposite of what she wants. >> and the other country -- >> i know that it's great fun to have periodic segments making

fun of the progressive agenda. i would say that both of her goals are good ones. social justice on the one hand and clean environment on the other hand. she probably would do better not to conflate the two and just talk about how she thinks she wants to go at each of them. >> but you've got to admit the whole progressive goal of 100% renewable energy is like the din g bat idea of the century. first of all we get 75% of our energy today from fossil fuel, from oil, gas and coal. we have more of it than any other country in the world. by the way, why is it, maybe you could answer this question. why don't they if the left really believes climate change is such a dangerous trend, why wouldn't we just build 100 nuclear power plants? i mean, nuclear power is the cheapest most abundant form of energy, maybe somebody could explain that to me. >> well i think you touch on a good point regardless of what you think the discussion is on the policies, i think what's lacking is the tactical aspect

of it. a lot of these things may or may not sound great, you'll have your own opinion on them but let's hear tactical real planning how would you achieve this? david: we know how. one way is gas tax, a carbon tax , either on gasoline or a whole range of carbon uses but also president obama spent a lot of money. adam, he spent close to $100 billion in all these alternative energy programs and they didn't turn out that well. >> yeah, as liz would say, you know, relative to the size of the economy, he didn't spend that much money, but we can quibble, i agree with you that $100 billion is a lot of money. steve's right. we're not going to make a transition from fossil fuel to alternative energy overnight. i would just point out by the way. this is a politician whose elected as a socialistic like with the word socialistic in her party identifier which is kind of unusual in the american context. these are not known for being pr

agmatists. >> the other thing look i love the woman's energy, i love her passion. it's like she's a product of our education system. really it's a sad commentary that someone so smart can come up with such dumb ideas. >> but honestly, [laughter] she needs to go to france because france is trying to green their economy, they have said we aren't going to do any gas fracking they're shutting down their nuclear power plants to steve's point, that the is the worst thing they could be doing in terms of eliminating emissions and by the way, the united states is the only country that has seen emissions go down in recent years. everybody else, and by the way, also, we are half of china's emissions, so the united states is not the big problem here. it's china. it's india, europe can't get its act together so their emissions continue to go up. >> look at vietnam. there's an article in the front page of the new york times that vietnam which has 90 million

people is more and more coal, every time we shutdown a coal plant here, these other countries build 20 of them. >> that's a great point because this isn't just a u.s. issue. this is a global issue that needs to be focused on. >> but why should the coal miners in america pay the price when it has zero impact on the global warming? david: well zero impact is an overstatement but i just wanted to make the point that some people who are concerned about the environment, steve, agree with your point about nuclear energy. it's obvious. >> i wish there was more of them. >> and they're not the only ones. the japanese did something absolutely crazy right after their tragedy. they said zero, none, we're not going to do nuclear energy. they will pay for that for decades. david: that's got to be the last word. nothing funny about this comedian kevin hart stepping down as host of the oscars amid backlash over tweets from years ago so is tweeting just not worth the trouble you can get yourself into and should we all just stop it?

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david: comedian kevin hart out as oscar host over posts he tweeted in 2008-2009. but hart is not first celebrity

to lose a job or be fired over a tweet. there are several examples of celebrities that have had bad repercussions. >> if you want to host the grammies or oscars, you better not say anything politically incorrect. when i was growing up we told jewish jokes, polish jokes. why is everybody so hyper sensitive. >> we just tossed out facebook. i don't want to give up tweeting, too. it's tremendous fun to tweet and respond to people. i hate it when people are ugly or rude. but that's what gets these folks in trouble. >> the takeaway here is whether you are a celebrity or professional sports figure.

if you are going to put something out there, you need to pause. whatever you put out there lives forever and there will be repercussions. it's a learning experience. >> i was looking at palms quotes announcing we would all be on this program together. it's this a notice i'm going to be appearing on television or i wrote this article, or i enjoyed this article, those are good uses of twiert. david: what if you say i'm the president and i think this about that. no matter who gets in trouble by my tweet. what do you think about that? he's doing well by tweets. >> i think his tweets are nothing short of reprehensible. people have said to me why don't journalists stop paying attention to him. my answer is he's the president

of the united states and he's making a statement. we have to pay attention. >> it's his way of communicating to the american people. in his mind, i think, the media is not doing him justice in terms of translating his policies to the people of america and his voters. but as you said, he should occasionally pause. >> he won this election in no small part because he took on the tyranny of political correctness. i don't like lot of his tweets, but the fact that he would not genuflect to political correctness got him into office. >> that's what's confounding. all the polite people on this program would not say the things the president of the united states says on twitter. isn't that a sad thing?

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