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tv   Bulls Bears  FOX Business  January 10, 2019 5:00pm-6:00pm EST

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day in the markets especially at the close as we really rallied into the close, and at the end of the day after the jay powell comments the dow up 123 points. as always thanks for joining us here on after the bell. it's david asman and bulls & bears starting right now. david: the partial government shutdown now just two days from becoming the longest in u.s. history, and the impact is growing, we are live on capitol hill, and along the texas border with the very latest. this is bulls & bears, thanks for joining us everybody i'm david asman joining me on the panel christina p, jonathan hoen ig, kevin kelly and robert wolf. so president trump now on his way back to the white house after visiting the texas border this is a fight over wall funding continues, the president tweeting this earlier. because of the democrats and transients on border security and the great importance of our safety and for our nation i am respectfully canceling my very important trip to davos,
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switzerland for the world economic forum, my warmest regards and apologies to the wef it had been reported that the president would likely meet with china's vice president and/or possibly with the president xi in davos to continue some trade talks between the nations. it's not a possibility any more, at least not for now. let's go straight to chad pergun on capitol hill. chad the president wasn't leaving on this trip for another week and a half, so is this a gain that shutdown is going to last at least that much longer? >> well no one here thinks this is going to end any time soon. this is why the house of representatives continues to move through individual appropriations bills here in the past 30 minutes, they've knocked out two of the remaining seven appropriations bills in an effort to try to reopen the government. the first bill dealt with the department of agriculture that passed 243-183, there were 10 republicans who broke ranks, and voted with the democrats and they also approved what we call here on capitol hill transportation housing and urban
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development, that passed 244-188 there were 12 republicans who broke ranks there and voted with the democrats and vice president pence came to the capitol today and talked with some of us yours truly included while the president was in texas, and vice president pence was very clear on two points. number one, he says he thinks that the president has the authority to declare a national emergency, if he wants to get the wall built and talk about the time with the government shutdown, david. he said, "no wall, no deal." so, nothing is budging on that right now. >> well thank you, very insightful. listen, i think it's incredibly disappointing in 2013 under president obama when there was a shutdown i wasn't supportive then either. no one wins in a government shutdown. kevin hastert made a point last week that you lose one-tenth of gdp per week, more importantly you have hundreds of thousands of people not being paid. we're going in towards the 21st day which will be the
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largest shutdown ever and the largest one before that was 1995 -1996. this isn't a positive. i would approve what the republicans approved and now the democrats are proving which is opening the government, but for homeland security and do a 30 day continuing resolution so everyone is getting paid during that time and let's just focus on a homeland security bill that maybe we can get an immigration bill something like border security for daca on an interim period. you know at the end of the day, we need to move forward and these people, and you're going to go into it later today but the fda and the coast guard and there's so many different people getting hammered by this this is not a good thing for anyone. >> i think robert is bring up a very salient point when he talks about needing to get a continuing resolution. we need to get economic data, a lot of the economic data that we rely on should be delayed so we can't get an accurate read of what's happening in the first quarter gdp which is typically
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slower and i'm afraid the companies are going to cop out and use the government shutdown is their new weather situation where they blame their weak earnings on that but i think the main question i have is hopefully chad can help answer this is is the president and are the republicans digging in their heels on the border wall funding because of the drug problem? we keep hearing about fentanyl and opioids is this one of the reasons why they're not being flexible at all? >> when vice president pence was here at the capitol he addressed that unsolus ited. he talked specifically about fentanyl and opioids and human trafficking he said it's about a $2.5 billion industry which is extraordinary. i don't think i'd ever heard that figure before. again some democrats contend that the facts and figures with the republicans that they're offering there's some disconnect there, but you know, something else i think is very important you talk about the impact of the economy. the vice president was asked what are the impacts in the economy? what are the resonances here and he sides up the question. generally he talked about well
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we have low unemployment 20-30 lows he said we've had this economic engine coming up. those crows are going to come home to roost if this fire isn't put out very quickly. >> chad i've got to ask you we've talked about the president said this is a crisis over and over and over again. i think crisis, i think you know , 9/11, maybe when reagan was shot. oh, i don't know, the cuban missile crisis. i mean, down on capitol hill in washington, is anyone equating today's crisis with anything historically that presidents have used, emergency powers to negotiate? >> you know, you could tell a lot by the body language here on capitol hill and besides 9/11, which you talk about in my 25 years around this building the only time i could really tell that people were disturbed that something happened, it was when nancy pelosi was speaker the first time and she got the call from hank paulson, the treasury secretary in september of 2008 and they called a night meeting and brought in the main committee chairs and ranking members from both sides of the capitol to talk and when people
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emerged from that meeting their faces were ashen. this was a crisis. >> during the middle of the global financial crisis is what you're describing. >> right. >> and the situation now? >> that's what i thought was extraordinary body language was that people they just had their last votes in the house, people are heading out to dinner as we speak right now. you know it doesn't feel that way on capitol hill. vice president pence tried to make that case. he said that the number of un accompanied minors and the number of families arriving at the border is growing geometric ally. it's also winter and he expects that trend to go backup as we get into the warmer season in the spring and the summer and again democrats contend some of the facts and figures the republican administration is playing fast and loose with it but when you talk to members they might say crisis but you walk around the halls of the congress, it doesn't feel like a crisis. >> i want to just add to kevin 's point bringing up the fact that we won't have the economic data like retail sales and really numbers that we look at but it's not only about that
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you also have ipo's the sec not working at full capacity so usualer, lyft may see all of the ipo's pushed to the spring and i know the white house released a statement talking about tax refunds but i think at this point there might be some type of delay when you only have 12% of the workforce, you know, going through all of these tax refunds and especially if this continues for another week but my question though, chad, for you, and this is something i'm curious about. what is it going to take between the democrats and the republican s right now. is it really about just daca or is it the path to citizenship for all of those within the dreamers? >> you know, behind closed door s, the past couple of days, lindsay graham the republican senator from south carolina has been meeting with some moderate republican senators, he also had a conversation yesterday with joe mention, the moderate democrat from west virginia he talked about trying to get some sort of a deal on daca, border security, and maybe comprehensively other immigration issues. he thinks there is what we call around here some years ago in another economic situation, a
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grand bargain. he also said that he thought that nancy pelosi, the speaker, his words, had dealt herself out of the equation. i'm not so sure that that's the case. she is the speaker of the house and controls a lot of the votes, so you could see where people might be able to say all right let's do some horse trading. when i asked nancy pelosi in december would you trade daca for a border wall, she was definitive, gave a one-word answer and said no. she was asked this morning about she would do some trading and said we really haven't had those conversations yet. a lot of people think if this does reach a breaking point, are they willing to deal? that's going to be the question and do you know what? as another issue here? if the republicans go for some sort of a pathway to citizenship for daca, folks this is going to be really hard for members of the house freedom caucus and conservatives. most moderates republicans in the house they would probably go for that but that could be a tough pill to swallow depending on what the deal looks like for kevin mccarthy, the minority lead and steve scalise, the
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minority whip. you could edge majority in the freedom caucus is right up in their grill if they go for that and that could prevent us from getting away from this any time soon. david: chad nancy pelosi makes it very simple. it's one word, no. that's the one word you just mentioned she keeps repeating. she said it yesterday that caused the president to walk out of the room. the fact is this is an issue that the president campaigned on a wall. over and over and over again. if they agree in any way, shape, or form to sign up on the wall, they're helping him to fulfill one of his campaign promises. isn't that what they are all about on the democrat side? >> yeah, and that's part of it and that's when vice president pence said he talked through schumer and pelosi at the end of the white house meeting yesterday and he said, you know, make us an offer, guys come back to us with something, and that hasn't really happened. until some horse trading gets going here, we haven't really had any real negotiations on this at all. that's what's amazing that we're almost three weeks into this and there truly hasn't been a pushing back and forth of paper
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and people going down to the white house and coming back here its all been theatrics thus far. david: theatrics but i know you love it chad. and we appreciate you coming on and talking to us about it we got to move on thank you very much. >> thank you. david: should the government negotiate with drug companies to lower drug prices? that's what bernie sanders and some democrats are calling for, but is it a prescription for disaster? more on that to come. >> today, i say to president trump, if you are serious about lowering prescription drug costs in this country, support our legislation and get your republican colleagues on board. this is stonington, maine, a town where almost half the population is self-employed. lobster fisherman is the lifeblood of this town. by 2030, half of america may take after stonington,
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to help you look and feel like a team. get started today at customink.com. >> one out of five patients in this country who get a prescription from their doctors are unable to fill that prescription because they cannot afford the price of the medicine how many americans have to get sick. how many americans have to die before congress is prepared to take on the greed of the pharmaceutical industry. i say to president trump, if you are serious about lowering prescription drug costs in this country, support our legislation and get your republican
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colleagues on board. david: senator bernie sanders leading the charge as democrats introduce three new bills today aimed at cutting drug prices. now sanders says these bills " will end big pharma greed and let the government negotiate lower drug prices" at least one republican senator chuck grassley says he's not in favor of that, so should government be negotiating lower drug prices? what do you think, gang? >> well the more government has gotten involved in healthcare, david, the more expensive healthcare has become it's a trend that really accelerated in the 1960s same thing with education as well. more government, more expensive but the president tends to agree with bernie sanders that government should step in here and regulate and control drug prices. what they should really do is get out of the way and not just in terms of the economics but morality as well. look you have no right to healthcare. you have no right to drugs and you have no right to healthcare coverage and so as soon as we get government out of the healthcare arena the better everyone and less expensive everyone's healthcare will
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become. >> wrong! i completely disagree with you jonathan it think of the numbers and prices. united states has the highest drug prescription prices in the globe so one of the proposals and you may hate him and think he's a socialistic all of these other things we spend way too much money on prescription drugs here it's very expensive so he is proposing to create an average. then you may argue and i'm not in your head so i don't know if you are, but you say oh, but we need the money for r & d. if you look at the top 100 pharma companies in the united states, 64% of them spend double the amount on marketing so most often, we are spending money on all of those ads we see every single day on television for hair loss and erectile dysfunction and all of the other above and then the comparison, the transparency in terms of pricing they said they would improve that on commercial. marketing is a major issue and i think negotiation. >> but what you just leave out is who is paying ultimately for all of these drugs you talk
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about and it is government. government pays for more than half of all medical care in this country before obamacare. it has continued on now even after obamacare so if you want to bring prices down get government out of healthcare the same thing happened that you saw i don't know with hamburgers, iphones, everywhere else. >> why not negotiate directly with the government? why have to go through that middle man and that's another one of the proposals. >> well because i can answer that question. because listen, the government will provide a capitalist system just like the irs tax code which is over 74,000 pages that until this current tax plan went through was detrimental to small businesses where they had to pay out higher rate. that's why you wouldn't do it and i have a question for bernie sanders. if the government was so good at distributing medicine across the system, then why has the va been very ineffective year after year after year at this and the problem that we have is that we need to setup a system that is fair and transparent but when the government's involved in it
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and they can't to do capitalist positions, then everyone loses. >> it's interesting. i don't think what bernie is saying is that much government involvement. you're saying take the average of five of the largest countries in the world and saying the u.s. should be in the average. what is wrong with this? why are we paying double the price? let me just finish. i let everyone else finish. >> sure. >> that's one. secondly, we haven't seen drug prices go down at all, so when one respect we want to protect the patents and the r & d that these drug companies have and they want all those rights for minimum a decade or longer but on the flip side we're saying oh , and then by the way because we give you that monopoly go price it however you want it. david: but robert there's one problem with price controls and you're talking at some point there's pricing controls they always lead to shortages, and just at the point when drug companies are coming up with these remarkable discoveries about immune o therapy, i mean
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ask jimmy quarter. he's alive right now, former president, because of immuno therapy and the tremendous research. that costs billions of dollars that research, if you have price controls, you'll have shortages and maybe it'll be a drug that could save millions. >> but the research is coming a lot from the universities not necessarily these drug companies too so you have to factor that in so i feel like there is some holes that you can poke into your argument and if you say -- >> universities is like this compared to the drug companies research yes it is. >> no, no. >> david: if it was just the universities then london and sweden and all of the other places in the world would be taking -- >> we gave them over a five- year period on the r & d, i mean there's a lot of benefits these pharmaceutical companies have my only feel is let's make it affordable however we get there. >> can you imagine the year 1979 the government is saying oh , this new cell phone technology we got to make it affordable. let's make it affordable for everything my god we wouldn't
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even be on the brick phones but car phones or even worse. what makes it affordable is freedom. what makes it affordable is individual choice in a free market but then it's exactly what we don't have in healthcare david: that's a good place to end this segment coming up next what the divorce of the richest man on the planet means to consumers, shareholders and of course the future of amazon, that's coming next. as someone in witness protection, i can't tell you anything about myself. but believe me... i'm not your average consumer. that's why i switched to liberty mutual. they customized my car insurance, so i only pay for what i need. and as a man... uh... or a woman... with very specific needs that i can't tell you about- say cheese. mr. landry? oh no. hi mr. landry! liberty mutual customizes your car insurance so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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david: jeff bezos' divorce could end up making his wife mckenzie one of amazon's biggest shareholders so with that kind of power, what affect could it have on the e-commerce giant and shareholders? hillary vaughn has been looking into all of this for us what can you tell us? >> david, well some analysts i talked to think investor concerns should be extremely short-term surrounding this divorce, at most they think this is probably a pr distraction but not anything that will ultimately impact the company others though disagreeing saying
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the future of amazon is uncertain, either way there's a lot up in the air because tmz is reporting that business os did not have a pre-nup, and the couple will file for divorce in washington state and assets are split up 50/50 so it's not just his personal wealth that's at stake here control of his company amazon could be too. right now, jeff bezos is worth $137 billion and owns over 16% of amazon. mckenzie could be entitled to over $66 billion in a payout, and if she goes that route, jeff bezos could have to sell or transfer shares diluting some of his ownership of the company, but legal experts say that that's not likely to happen. >> i think there's going to be very little impact on amazon stock. what's basically going to happen is they're going to transfer as many shares of stock as they can , that will still put jeff bezos in a position he will be able to maintain control so there will be probably maybe stock that's transferred to his
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wife, but it will be probably non-voting shares so therefore he maintains all control. >> he also owns the washington post, also the space company blue origin and has significant holdings in other companies like airbnb, twitter, uber, next door and a handful of others so this divorce either way no matter who gets what and how it's divided up will still go down as the most expensive to date in history. david? david: panel? >> i think it's actually pretty interesting that one of the points that wasn't brought up is actually the distraction it could cost jeff bezos, like as a shareholder, i would want to know that it gets done swiftly and quickly. i don't want an overhang, i want him focused on taking on all of the other technology giants, especially winning market share in the advertising space. if he's off his game if he's distracted by divorce rumors or he's out trying to figure out how to take care of this situation as opposed to the business, that's my biggest concern. >> to your point i don't think he's going to get distracted
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because we don't hear about him too much in the news especially if the national inquirer is right about the latest scandal involving him. to point out we are gossipping right now about a very wealthy man but this divorce settlement like hillary mentioned could be the biggest settlement ever, if we're going through the top 10 list i was just looking at some of the wealthy individuals and their divorce you got rupert murdoch $1.7 billion settling and mel gibson is the top 10, they settled for 425 million which i know maybe this panel disagrees he's worth that much but his ex-wife gets residuals on all of his future films. >> hillary i've got to ask you jeff bezos is known as a brilliant guy and when i heard no pre-nup, i was just stunned. i mean, were you in the news and the legal community is kind of shocked about this as a man to have no marital preparation planning for this sort of turn of events, was there a surprise
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there? >> there is a surprise and i ask one of the analysts about that if that was concerning to them or they saw that as kind of being poorly prepared to be ultimately in charge of a billion dollar company like amazon and they said they aren't too phased by it but one thing to note about that relationship is they actually got married years before amazon was even started and then became what it was today, so the argument could be made there was no way that he knew that he would one day be in charge of amazon as what it's known today. >> just to move it away from for inquiring minds i think really what the street is going to be concerned about is is he going to have to give up voting shares, or is there a different class of shares that he can give to his wife of the same value, so he still controls the vote of the company. >> we don't know, right? >> we don't know, and because we don't know actually, what the legal ramifications are that he has to give and this is only 24 hours old. david: i think the street has another concern which is what happens if she sells it all or at least a large part of it that
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will dilute the share price. we don't know hillary anything about her plans yet do we? >> no word on that at all, actually. we do know they're filing in washington state, but how the court decides to divide that up and there are also children involved too so there's a lot of details that need to be worked out and that's probably going to be something we find out much later. >> let's not overlook the detail that actually jeff bezos and his wife said this was going to be amicable and they look forward to raising their kids together and everything is going to be great so they have signaled that to the marketplace but jeff bezos originally wanted to name the company relentless. if you go to relentless.com it forwards to amazon.com and that shows you the type of guy he is. he's going to be relentless in not giving up control of this company. you can bank on that. >> he also said he would remarry her again, knowing that they divorced 25 years later so i do agree she's not getting rid of her shares any time soon and this will just wrap up quickly but it's a nice little bit of gossip for the business world i
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guess. david: its been gossip. it's a lot of money and again i just wonder what could possible jonathan would you buy the stock , would this be a consideration into whether you'd buy the stock? >> i think david that's what makes it so interesting is it comes at a time in which its put up or shut up for a lot of these stocks. these were really the powerful stocks of the last four and five years in the economy. they were the facebook, the amazon that really have been powering the market forward so they got hit especially in the fourth quarter of 2018 so i think this adds that the panel's pointed out this is a liquid market but it adds another twist , element i think when making a decision that do you want to buy what's been a pretty significant dip. david: i guarantee we'll talk about it again in some way, in some form it's big news. president trump just wrapping up his trip to the border in texas, is the funding fight over a wall continues. president trump: this is common sense. they need a barrier. they need a wall. if you don't have it, it's going to be nothing but hard work and
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so get allstate... and be better protected from mayhem... like me. ♪ david: president trump is now on his way back to the white house after spending the day along the u.s. mexican border in texas that's where fox news casey stiegel is on the ground in san juan. casey the significance of today 's trip, explain. >> well david, the president covered an awful lot of ground while he was down in this part of the state. local leaders say, however, they feel like the most important part was at the very end, and that is when the president, himself, was out in the field and got an up close and personal look himself at the border. at least a portion of it, and it also really puts things into perspective because he was briefed by agents on the ground, working the frontlines and the reason why they feel it was so
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important is because unlike any other part of our nearly 2,000- mile long southern border here in texas in this part, a narrow river, the rio grande is the physical international boundary on one side the united states mexico on the other and it's so shallow in some spots you can physically walk across. now that could pose some unique challenges to constructing a barrier or a wall, but president trump, speaking at the round table, maintains that a physical structure is necessary to stop the flow of people and drugs coming into the united states to help keep americans safe. citing the recent death of a california police officer shot and killed by an illegal immigrant whose brother was a special guest of the president's on this trip. listen. president trump: nobody talks about how unfair it is to the victims of these brutal killings and by the way, over the years, there's thousands of them.
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i don't mean hundreds, i don't mean in the teens. i mean thousands of them, and these officers can alltel you about them. >> [applause] >> see the president giving him a hug there. the mayor of mcallen, texas, says his border community seems split down the middle on this issue, half who support the wall and believe that there is a national emergency, with the other half saying that a barrier would not help, and there is no emergency. the local sierra club president, releasing this statement ahead of the president's visit. it reads in part, i'm quoting here. "the president's hateful agenda and dehumanization of people are not welcome here in texas or anywhere." so ironically, down here, at what is considered to be the epicenter of activity, of rio grande valley has the largest number of apprehensions and drugs coming across-the-boarder,
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there is a very big divide which is also representative of what this issue is doing to the country. some people feeling that this is a matter of national security. others saying what the democrats are saying, that it's a manufactured crisis. david? david: thank you very much joining us now is border patrol agent chris craberra. chris you heard casey's report and it was the phrase of the day that this is a manufactured crisis by a lot of democrats and people in the media. you are currently a border patrol agent. how do you respond to this, that the crisis is "manufactured"? >> well you know, it kind of blows my mind. i remember watching tv a couple weeks back and they had some folks trying to breach the wall in san diego and every major news organization had border crisis on the screen and now those same organizations are saying it's not a crisis.
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we in mcallen in october/ november timeframe we were seeing 5,000 a week, not a month, a week and people are just coming in droves. we're seeing kids by themselves, we're seeing it's just it's crazy what we're seeing, the amount of drugs and people that are coming across and not to mention since we're overwhelmed we don't even cover all of the area that we need to cover so there is a lot getting past us and for them for anybody to say that it's not a crisis is living in a fantasy world. >> chris, first of all thank you for all your work and efforts keeping us safe. i was surprised over the last few days to see republican representative thornberry who is a senior-most republican on armed services and will hurd, the representative from texas as well, who covers actually about 40% of the 2,000 walls so over 800 miles both come out against the wall.
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both republicans, both well respected and so how do we square this circle? i know we want to make it republican versus democrat but you're talking about the head of military services and the one who actually covers more than any other congress person with the wall, both coming out again. what do they know that we don't? >> well you know, i think what it is, i think what we know as border patrol agents that they don't and that is that the wall works, and i think something you said kind of touched on the basis of this whole argument is republican versus democrat. i think that's, i mean i know that's how everybody sees it obviously the republican and the democrats see it that way. i think that's the problem is they're looking at this based on what the person sitting next to them is saying and they need to look at this for the merits of it whether republican or democrat and see this for what it is. come down here and take a look for yourself and i'll show them around personally. people don't understand what's going on down here. >> chris it's kevin kelly here and i'm from arizona and we
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actually have portions of a border wall. you mentioned san diego earlier. nancy pelosi's home state of california has a border wall if she thought it was so immoral why isn't she down there request ing it goes down? can you talk about the if cassie of the current border walls and why we need more of them? >> well you know what they do and obviously we all know that it's not a continuous wall from san diego to brownsville, texas. what it is is they're in traffic locations and what it does for us as border patrol agents and the communities is it keeps people out of those communities. it forces the game we engage in on a daily basis to happen in a safer area, so we don't have car chases, we don't have drug loads coming to, we don't have people speaking into other people's houses and it has nothing in that community any more. it's all out to the side where it's safer for the community safer for our agents and safer for the people we apprehend to do this away from everybody and that's the benefit of this call is. it's going to push the traffic where it is. it's best to apprehend them.
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>> chris, this is christina speaking and often the conversation revolves around the price 5.7 billion however we don't talk too much about the long term price and the maintenance fee so that's i think something that we should consider going forward but chris , you're on the frontline. you just mentioned drugs. if you take immigrants out of the equation, drugs. most often drugs don't they come in vehicles so wouldn't the money, or shouldn't some of the money like nancy pelosi and president trump both said last week, should go towards better technology to scan these vehicles crossing the border. >> well not necessarily. i mean, there is a lot that comes through the port of entry, but there is a lot that comes through the river and you'd be surprised. these bundles of marijuana, these 90-pound bundles of marijuana they float so they just float them right across the river. cocaine, heroin, whatever they bring it across. 10-12 years ago we rarely saw anything other than marijuana in the border patrol. everything the high value stuff went through the bridge. now we're starting to see heroin , meth, you name it. we see it down here.
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it comes through the river just like it goes through the bridge, so putting all of your eggs in one basket so to speak on either border patrol side they're just going to go find the weak link and exploit that weakness. >> chris it's jonathan hoenig. thank you again for your service do you think there's any lessons we can learn now from 40 plus years of what most people admit is a failed drug war, failed attempt to keep people off drugs is building a wallace i know you're a big advocate for, is that going to really do anything to question . what is american's first and interest in consuming some of these illegal drugs? >> well you know i think a couple of things need to be done first off the border needs to be secured and doing that is not just a one-size-fits-all. there has to be some type of barrier. there has to be the technology to utilize that, to see people that are coming across, and then the personnel to actually go out there and apprehend them so those three things need to be taken care of and then we need some type of reform system in the united states but you have
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to have the security before you do any type of reform. >> if i can quickly follow-up why have border patrol agents as you said fishing around risking their lives to find bails of marijuana when it's a drug that's actually legal in many u.s. states right now. is that a good use of border patrol's time in terms of keeping us safe? >> well, we're not enforcing state law we're enforcing federal law and on top of that in texas, it is illegal. but like i said it is a federal crime to bring it across and at the time we don't know what's actually in that bundle until we cut it open it could be anything david: chris we've got to run but i have to ask you quickly there was a border patrol agent might have been you who was telling the president that in fact there were 100 people arrested from 40 countries outside of latin america, just this week. it makes you realize that people all over the world know where our weak points are in the border, right? >> yeah, exactly and they're exploiting this catch and release system we see them from places you wouldn't even imagine
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, india, bangladesh, china you name it we see it through here. david: i want to echo what our other panelists said we really thank you for your work. it is a dangerous profession i've seen the list of those killed in the line of duty you guys do great work thank you for your service. >> i appreciate you all having me thank you. david: absolutely it's an honor , chris cabrerra. well, you tip your waiter, you tip your bell hop, the cab driver why not your flight attendant? why one airline is pushing for you to do just that. are they right? will it be a new trend, details coming next. ♪ ♪ the new capital one savor card.
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david: we have breaking news the senate just passed a bill that's going to provide backpay for federal workers who were furloughed during the partial government shutdown and majority leader mitch mcconnell says that president trump will sign that bill. and in other news frontier airlines is now instituting a new optional policy to allow customers to tip their flight attendants when ordering food or drinks so should flight attendants be tipped for their services what do you think? >> i don't think they should. i mean this is a pretty insane policy to encourage people to tip for food and beverage. listen i was reading the reports
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no other airline is going to encourage this industry experts don't expect this to happen. listen if they're doing good work then the airline can hire more and promote them. >> yeah, this is kind of going against a real trend now. we've seen in retail in general, david. which is against tipping, little tip jars and people throwing change. something about today handling money seems a little bit not for me but this seems like a little bit of a backward idea now, what's more standard these days is essentially raising employee 's pay. that could ultimately be the trend and of course, all these $ 15 an hour minimum wage means that we've seen pay going up across-the-board, perhaps even for flight attendants as well. >> to that point i think the environment on the plane would not be the conducive to tipping. think how small the aisles are and think how fast you want your drink and you want them to be able to serve everybody especially when you have a two hour flight so if a flight attendant is there trying to create a conversation with you, earn that tip, then that slows down the entire process, also
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could make it very uncomfortable and then how do you tip? because they don't accept cash because you can't buy anything with cash on planes. >> i don't have as much of an issue with it. my view is as long as frontier is paying the right amount of wages if people are doing great service and someone wants to tip them why not? it doesn't bug me but it's all about making sure if this is about not paying the right amount of wages then implement ing them with other tips, then i have an issue with that. >> well that's usually the case though like look at the coffee shops now you automatically get the till that turns towards you they served you a cup of coffee in 20 seconds and there is your 20% tip. david: that's it, service has declined in this country. i don't think there's any doubt about that so when you get stand out service i'm with you robert i say okay fine i'll kind of slip them a $20 or whatever it is, if it's a long flight but i hate the idea of being told by a nanny how much i have to pay. we don't need more of that right >> well that's the point, david
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i could tip right now every time i fly whatever airline i could tip them on the way out if i want to but the whole point is yeah, i don't want frontier encouraging me to tip them when i'm getting them to pour a little water in my hand. david: the median salary is $50 , 500 plus they do have nice flying perks don't get newly-released wrong it's a really tough job but that's what they're paid. >> yeah, and i mean i don't want to sound, but pouring me a drink isn't that their job to begin with? tipping is limited kind of comes with extra above and beyond service, so david, i'm just excited to hear that you'd throw a 20. my god. i was a 5 or 10 kind of a guy. >> it's good to know that david and i are not the cheap ones. oh, no, no, jonathan that would apply to any restaurant you go to, any bar oh, he's pouring a drink well that's his job. i don't need to tip him. >> christina we know you don't tip. you millennials don't tip.
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>> oh, my gosh you brought the millennial argument into this panel? david: anybody who has had to do that. all right we've been seeing effect of a government shutdown it has on national parks and mu seeps and the tsa but now it's starting to impact your food. some alarming details about that , coming up. shield℠ annuities from brighthouse financial allow you to take advantage of growth opportunities with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield℠ annuities from brighthouse financial, established by metlife.
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ministration which oversees about 80 percent of the food supply has dramatically cut back on domestic inspections during the partial government shutdown. fda commissioner scott gottlieb says the agency is taking steps to restart inspections of food facilities considered high risk. even with full inspections, the cdc estimates foodborne illnesses second 48 million people each year in the state. and killed 3000 people.so how long before we start hearing that they shut down is leading to americans dying? >> not going to happen, david. what keeps americans safe is not the fda. it is business people who know that selling tainted meat is not good for their bottom line. the fda was not enshrined in our constitution. people evince very successful
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long before government inspectors and it is not as if without guys inspecting every elevator, every elevator will fall down periods in their own register offer reliable and safe products. this is a nonevent for peoples was science perhaps but not their health. >> what about all the recalls that the fda, unfortunately was very late in doing so but i guess in the past two months romaine lettuce and then turkey ground meat were just some of the examples where they found issues and recalled them after they had already been distributed. i'm curious to what is the fda going to focus on now? what is their main party given that they are so shortstaffed? what food gets special attention? maybe i will look out for that. >> seafood and cheese!those are the two high-risk facilities they will be focusing on. >> o good! >> and it makes sense.this speaks to the fda, scott gottlieb has been doing. he's done a great job so far with the tenure and he has put contingency plans in place so you can have your wine and cheese! >> food safety is important.
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it is ridiculous not to say it is. no disrespect i think is just ridiculous.>> we should send him romaine lettuce. [laughter] >> i mean, the expectation is, here is not for fda inspectors. >> is not all or none. >> that is either or that has been set up. we need fda inspectors otherwise businesspeople taint the public. it will poison the public simply not the case. >> we need referees. >> listen, i have no problem having referees officiate the game.the fda has been doing a good job at it. >> even under the best circumstances, 3000 people die every year from foodborne illnesses. so i suspect one of those people will die during the
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shutdown. at least one. and in fact, it will be blamed on somebody.if the democrats or republicans. no? >> figures course it doesn't happen! that is what we are hoping.as we go home and eat cheese. >> it will be happening. >> that does it for bulls and bears. thank you for watching. we hope to see you back here tomorrow same time, same place. >> the national emergency is going to congress. a ready went through congress. if you read it, it is so clear, it is so perfect. i would rather not do it. not for any particular reason other than it should be easy to get approved through congress. the same people that are holding it up. they have approved it many times before. these people approved it just a few years ago. now all of a sudden they are not. the reason they're not is because of me, i

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