time. we appreciate it. >> that is the concern, safety in the face of all this that is going on. without question. >> yep. they're trying their best, though, the people that are coming to work. thanks for joining u. we appreciate it. >> bulls & bears starts now. david: major companies are now sounding the alarm, what they are warning could happen if we don't get the government up and running again pretty soon. this is bulls and bears thanks for joining us. i'm david asman. joining me is the panel. congressional democrats boycotting a meeting today with the president and republican lawmakers this afternoon that's on day 25 of the partial government shutdown. this as a few u.s. companies are now warning about the economic toll of all this. delta airlines saying its revenue is already down 25 million dollars this month from lack of government travel.

while jamie dimon, ceo of america's largest bank, cites one estimate that sees u.s. growth reduced to zero if the shutdown goes on for the entire quarter. so could a real economic slowdown become a reality if this drags on for another month or so? what do you think, gang? >> yes, i think it can, david, unfortunately so. look we're losing about .13% of gdp per week that the government is shut down. this is self-sabotage. this same administration that gave us this tax cut and cut in regulation that boosts the economy now is the same administration that we had to bail out our farmers because trump starts a trade war. now we're bailing out our farmers and we can't get those farmers federal aid because trump has started a government shutdown. he's supposed to be this great negotiator. now presides over the longest shutdown in american history. i know he's half to blame. the democrats are just children just as well. they voted for a wall, for funding and now they are not

willing to negotiate because president trump is for it. it is children in d.c. right now. and the country is suffering because of it. >> well, i can tell you as a former investment banker and a deal maker the best deals are when both sides give up a little. the challenge is that the democrats have not come to the table with anything to negotiate. they don't want to come to the table. the reality is not only does this affect our overall economy, but we have individuals who are working and not getting paid because our government officials are being big babies. this is not acceptable. it should outrage everybody in america. >> let's get back to the jamie dimon comments. he kind of hedged it a little bit, didn't he? someone has said if this goes on for the entire quarter, growth could be at zero. he says that would be a bad thing, of course yes, but it is politics and something that we would have to deal with. no one expects this to go on for three quarters. if it does, what will be hit will be consumer confidence and spending. that's the negative feedback

that goes through the u.s. economy obviously. >> i do expect it to go on for four months. in fact i pick four months in my polls so i make money if it goes on for four months. [laughter] >> not that i'm rooting for that, though. it is going to go on a long time. i have to push back a little bit on this democratic thing, they are not coming to the table because how do you come to the table when the prerequisite to sitting down is the wall? they are not going to give in on the wall. i don't think that's where the solution is going to come. we can argue over whether they are right or they're wrong. the fact is is that's what it is. this will come to an end when you get a few more republican senators, you have already got four, who are willing to cross the line on this and vote with the democrats. david: or if the president does pull the nuclear option, so called and call a national emergency, but to susan's point about jamie dimon, he was hedging his bet a little bit.

and the fact is, you look at what the market did today, it was up triple digits again. the market does when it's kind of bullish as it is now it does climb walls of worry, but i mean, the fact that the market is not too worried about it means they think there's more play in this economy. the economy is strong enough to withstand this. doesn't anybody else think that? [talking over each other] >> i'm sorry, go ahead. >> i think the market is overly dependent on the fed and unfortunately a lot of what we're seeing in the market is that the fed is at least off the table for right now. right now the market and the economy is a little bit decoupled. certainly they are not as concerned about it. if this goes on for much longer, people start missing two and three paychecks, absolutely the market will start worrying. >> also too, the timing on this is unfortunate, not only for the people who aren't getting paychecks but for the economy in general. there is this sense in the air, if you will, that we are starting to see some slowing.

not a disaster, not a recession, but some slowing as would have to happen at some point, now's the point. you couple that with taking these people out of the economy, it doesn't have a good result. >> that's right, also the report cards that are due at the end of this month, january 30th, the gdp report, i don't think that's going to happen, and also the employment report, was due out on february the 2nd, and by the way, we are at risk of ending that 99 month expansion for jobs payrolls, because if those furloughed workers do get dropped off, that means that's the end of positive jobs gains for 99 months. i mean, that's a real threat. david: and while the market is not particularly worried about it, i mean you look at what happened today, it is not just the government actually increased the amount of damage it thinks the economy could suffer as a result of the shutdown, actually they are saying the reason they did that is not just the government workers that are being furloughed, it is also the government -- or the private

contractors that work with the government, that increased it enormously. again, in the grand scheme of things, we are talking about less than a million people affected, does this cut in, i mean no matter how many months it goes on, could it cause a recession? >> yeah, i think it could david. .13% out of the white house is what the white house themselves are admitting is cut out per week of gdp because of this. look, david, the market wants to go up. i agree with you here. the market is doing quite well. you have full unemployment. you have wages that are increasing. you have good retail sales coming out of christmas. we're headed for a slowdown, but we're not falling off a cliff. projection is 2.3% gdp. the problem is you have this is all self-sabotage. you have this to the trade war we have going on with china and the lack of cap ex spending going on in the united states because of the uncertainty that's being created, that's the problem we have going forward. >> it is also the indirect effect. you have to remember when you take somebody who is out of the economy, then that affects somebody else's business.

we saw it with delta, they have less people who are flying. that means those people are getting fewer hours. they are buying less lunches. that affects those restaurants. we are all interconnected. it is not just 800,000 people, which in and of itself is a lot of people, but all of the indirect spending and the chain reaction that happens when we have an interconnected economy. david: i have to ask my friend on the left here. >> literally or figuratively? david: the fact is that the president is not asking for that much money. doesn't it upset you a little bit that democrats wouldn't give in a bit on this? >> it's not the money. honest to goodness, if we were talking about budget for the border, right, for border security, every democrat i know, and i talk to them frequently, they are there, they are ready, a lot more than what he's asked for, as a matter of fact. it's about the wall. whether you agree with the wall or disagree with the wall, it's all about the wall. david: he's already changed his language on it. >> they are not going to fall for that. >> but they voted for the wall

previously. they are not -- >> that's not true. >> they said they were in favor of the wall, previously. we have it on tape. >> by the way, do you know what else we have on tape? you realize there's a reason why for two years this wall hasn't gotten through, because republicans have opposed the wall right from the start. now they've got to get in line and we've got that on tape. so you have this bizarre mish mosh happening. >> we have no other options. nobody is saying okay if we don't do the wall, here's the border security package. they may be talking about it, but they haven't presented that. >> the president said he won't hear it. >> but we haven't heard it either, as the american public, so there's absolutely nothing for them to negotiate on. david: all right, by the way, there are many examples rick over the years of democrats voting for border security. >> yes. for border security. david: and the president has said it could be a fence, it could be a wall, but let's get it done. >> border security, yes. david: i hope we get it. coming up a devastating defeat

for theresa may and her plan for britain to exit the eu. will this be one of her last days as british prime minister? a live report from london. also reaction from steve hilton, former strategy director for david cameron host of fox's next revolution. that's coming next. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers.

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for your business and free shipping. upload your logo or start your design today davi david: embarrassing defeat for prime minister theresa may. this was a lot bigger defeat than anybody expected. ash? >> humiliating i think is probably more accurate description, david. don't forget she delayed this vote five weeks ago because she believed she could suffer a humiliating defeat. well, guess what? we wasted five weeks because that's exactly what she got. going down 432 no votes to 202 yes votes. twice as many people voted no than yes, a resounding defeat. the worst parliamentary defeat for a government since the first world war. immediately following the vote, mrs. may stood up in the houses

of common and remained defiant. take a listen. >> the house has spoken, and the government will listen. it is clear that the house does not support this deal, but tonight's vote tells us nothing about what it does support. nothing about how -- nothing about how or even if it intends to honor the decision the british people took in a referendum parliament decided to hold. >> and immediately following that day, the opposition party leader, the labour party leader jeremy corbin jumped in immediately and filed a motion of no confidence in the government. they will debate that tomorrow, in the houses of commons. but the chances of success pretty minimal. i don't think he has the votes. probably more of a symbolic move. let's face it, what would jeremy corbin be able to achieve that theresa may has been able to get done up to this point?

here we are, brexit paralysis. she has three days to come up with plan b. not sure what that will be. don't think the eu will play ball. here we go, parliamentary gridlock. david: ashley, thank you very much. joining us now is steve hilton, host of the next revolution former strategy director for david cameron. first of all, nobody expected a defeat this big. it was a huge margin. i'm just wondering everybody is saying okay she's not going to lose the no-confidence vote tomorrow, but her defeat was so big, maybe she will? what do you think? >> i agree with ashley. i don't think that she will. in the end, the conservatives who voted against her plan on brexit, what they don't want, they may not want her plan, but they certainly don't want a general election. if she's voted down in the confidence vote, that means there will be a general election. and they're risking having a labour government under jeremy

corbin which they don't want either. the real problem here is a structural problem. it is a little bit like the divided government situation here in america that we're seeing. only much more intense. you see, the problem is you had a direct vote on brexit, but in parliament, you have a majority against brexit. and that's basically the division, the structural division which means that the representatives of the people who voted for brexit actually disagree with the people on brexit, and so you're never going to get a vote in parliament in favor of anything positive. that's why you're stuck. >> oh, steve, so complicated. steve, you know, i was taught in school that if you're going to say no, you come up with a different solution, so they voted no here, what's the solution? david: good question. >> there's basically two solutions here. there's no deal, which means that on the official date, currently the law, the british law passed by the british parliament is that on march the 29th of this year, the u.k. will

leave the eu, regardless of what anything else happens, regardless of what the eu does, regardless of whether there's a negotiated deal or not. that's called no deal. if you get to that point without any kind of deal, it still happens. brexit happens. it's just that you don't have a negotiated outcome. by the way, i favor that. the reason that's good is because that is the only option that actually delivers what people voted for. actual brexit. the alternative, which is parliament, the majority of parliament, cross party, labour and conservative, they get together, they get control of the process, and they either delay that, they pass legislation to delay the exit date or they pass some other version of brexit, which turns out not to be brexit at all because it means that european law and european regulations still apply in britain. so the choices are very simple, no deal or no brexit. >> steve, you say you favor the hard brexit because it's what

people voted for. but i have to ask you, do you think that when people voted for brexit they knew that they were voting for a hard border once again between northern ireland and ireland and all the pain that historically has come with that? did they know that they were doing away with frictionless trade between england and the u.k. and the other countries in the eu? did they know that they were going to have to deal with the fact that there are people living in the u.k. from other countries and u.k. citizens in other countries that instantly would have to leave the countries? i don't think they really thought about all this stuff because i'm not sure they were ever told all this stuff. >> they did. they were told. it was very clear. in fact -- i will tell you who told them, both the government who arguing to stay in the eu. they did a campaign which was known as project fear, and project fear was conjuring up the worst possible case their

scenario, and all of those arguments were put to the british people in the campaign. they said you do realize, don't you, if you vote for this brexit, that's the end of being in the single market, that's the end of frictionless trade, that's the end of the situation in ireland, that we've had for all those years, all those points were put in the campaign, and still people voted for brexit. and so it's ridiculous for the people who now don't want brexit to say oh, well, no one knew about all these potential consequences. they were the ones making those points in the campaign. >> steve -- is the survival of the eu at stake itself because it seems to me italy can't get its debt under control, if the u.k. is allowed to drop out or drops out, whatever happens, it seems that italy could be next. it seems like a cascading effect could happen. if that happens it seems the eu breaks up.

is the very existence of the eu at stake here with what happens with this brexit? >> that's very question is why this process is such a nightmare. the eu wants to make sure that it isn't. it wants to send a message to any other country thinking about doing this that it will be an absolute nightmare for you, and you are going to have real pain. that's why we're in this terrible position. i don't think it's a threat because at the heart of the eu, you've got france and germany, and you may have some countries around the edge who may choose to follow britain out, if it works out well for britain in the years ahead, but at the core, you have got some people there who truly believe in the european state, where national identities are basically erased and you have one government for europe. that's what they actually want to see. i think that powerhouse for integration will continue at the core of the eu. >> steve, it's carol roth. i have to say, this is the worst dealmaking game show i have probably ever seen. but keeping with the game themes, what kind of probabilities do you attach as of today to the different

outcomes? do you have sort of a handicap on what probability goes with which potential outcome? >> yeah, i think the most likely situation is that parliament takes control of the process. it delays the exit date and pushes forward an alternative solution, which basically keeps the u.k. in the eu. in other words, brexit is basically overturned. that i think is the most likely. i would give it something like 60%. and then i would give something like 20% chance for a second referendum because they can't figure it out and they go back for another vote, and then 20% chance for leaving without a deal. but i think the most likely situation is that brexit doesn't happen. david: steve, last question, does this pounding defeat that theresa may suffered today, does that indicate that rather than worrying about what might happen, if there is a brexit, they are more worried as they were in the beginning about

being controlled by european bureaucrats? >> no, it's that parliament doesn't want brexit, and remember, that the problem with her deal is that nobody liked it, even the pro brexit people didn't like it because in their view, it wasn't really solving any of the problems. it was basically a transition period with a big price tag attached, 39 billion pounds paid to the eu, but it didn't really get to the real answers on what this future relationship looks like, and that's why it didn't satisfy anyone. so no one should be crying over the defeat of this deal. it was a terrible deal, and quite right that it was defeated so heavily. but the big questions still remain to be answered. david: great to see you, steve. thank you for coming in again. appreciate it. >> thank you. david: good stuff. netflix customers bracing for the biggest price hike in the company's history. will subscribers stay as more competition enters the fray? the debate coming next. [ phone rings ]

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david: netflix customers may be seeing red with u.s. subscribers bracing for the fourth and the largest price hike in the company's history, 13 to 18 percent across all tiers, netflix services most popular plans could increase from 11 bucks to 13 bucks a month for hd streaming while basic plan will rise from 8 to 9 dollars. it may seem minimal, but with so much competition in the space, including nbc universal just announcing a streaming service, will netflix hold on to its base? what do you think? >> well, david, millennials can barely bo bothered to leave -- barely be bothered to leave their house to get dinner, do you think they will take the time to change their netflix subscription? absolutely not. if you think about the value of netflix, if there's one show, one piece of original content that you like per month, it is cheaper than going to a movie, it is cheaper than getting two

burritos at chipotle, it is still an outstanding value. absolutely they will keep their subscriber base. the funny thing is the subscribers will end up paying more for netflix and other bundled services if they would have if they would have cut the cable and not cut the cord -- if they would have kept the cable and not cut the cord to begin with. >> amen, carol is right. if your favorite show is on netflix, you are not looking at competition because the competition doesn't have your show. that goes for amazon. it goes for all of them. look, i carry them all. there's a show on each one of them that's in my list of favorites. i'm not cancelling it because they raised the price a little bit. consumers don't care about that. >> who says you are not a millennial, rick? >> that's right. [laughter] >> but i would agree with you, because, you know, as someone of the younger generation, i do carry a lot of streaming platforms, hulu, amazon,

netflix, if i pay $2 more per month, i'm going to do that, especially if i'm chilling on the couch and having my takeout food. my point is goldman sachs today also says is that they are going to beat and beat big. on friday those numbers, expecting to come out way ahead of that. >> i agree with the panel especially on bashing millennials. i enjoy that. [laughter] >> but the great thing about netflix is their predictive software, that they have developed it and it is better than anybody else. you watch a show and all of a sudden six more shows pop up that you will like. they are good about that. they can tell what will be successful or not. i disagree with the rest of the panel, respectfully, because i think the competition is going to get very intense. i think disney, which i own, and i bought it because of streaming, they have the four top movies this past year, those are all going to become

franchises and become series. there's a lot of competition out there that will eventually catch up to netflix. until then, i think you are right, millennials and even us old people are too tired and too lazy to change. david: but what about the debt? it costs a lot of money to produce all the original programming. that's why they have such a huge debt load. i should mention by the way as you can see it was up 6 1/2% today. so the market doesn't care about the debt. but isn't that a problem? >> no. david: why not? >> it is not a problem in television because television has so many venues for distribution. what we're talking about is first run. well, there's going to be other places for it to go after. one of the most successful entertainment properties in history, seinfeld, that ran at a huge deficit for how many years, until it goes into the syndication market. this goes on and on and on. television provides a model that movies don't really provide. and don't worry about them, if they are knocking out hits, they will be just fine. >> i feel like the new --

[talking over each other] >> i want to talk about the new comcast offering, they are taking a page out of netflix, maximizing distribution to increase their ad value. >> that's right. >> john? >> i think the one thing you talked about, thanks susan, is talking about the debt. they are not able to go out and acquire something else. what happens when apple or disney who also owns espn and a streaming service they put the super bowl, nfl play-offs, put march madness, put the entire league on one of their services, they are going to take over because of the amount of cash they have. i think that happens in the next five to ten years. >> people won't drop the other streaming services. they will just add that in. >> but you have to remember that just because they have a lot of subscribers doesn't mean that the stock is going to remain strong. i do think that the debt overhang is a major issue, and i think if you look at the way the bonds trade versus the way the stocks trade, the bond traders might be telling you something different long-term. i don't think this means go jump

into netflix, but i certainly think they will keep the subscriber base and hopefully some of that cash that they are generating from this price increase can be used to pay down some of that debt. david: the other thing is that amazon and some of the other streaming services offer other things. i mean, amazon doesn't just have the movies and i think their movies are just as good as netflix in the original content, but they have next day service, next day delivery. so the fact that netflix has just this one thing isn't that a concern? >> no, because amazon has all they need. >> just on amazon, just a quick note, i think content for amazon is just an add on for their customers. david: does gillette's latest ad campaign against something called toxic masculinity go too far? the details behind the growing outrage and calls for a boycott, next. as a fitness junkie, i customize everything - bike, wheels, saddle.

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>> the people in the gillette department division of procter & gamble want it to lead the nation. but they are going backwards. they are infuriating at minimum half of their audience, if not more. david: that was rush limbaugh today slamming one of the manliest brands of men's products gillette for their new campaign. here's a sample of the ad that's sparking such strong reaction. >> bullying, the me too movement -- >> toxic masculinity. >> is this the best a man can get? >> what i actually think he's trying to say -- >> making the same old excuses. >> boys will be boys. >> some is not enough. because the boys watching today will be the men of tomorrow. david: now mens products of course are a large portion of gillette's revenue. so is it a good idea to be offending such a large source of income?

what do you think, gang? >> absolutely not. john wayne is not rolling over in his grave. he's spinning right now in his grave. look, this message is legit. i like this message. it is good in the way you need to treat women respectfully. all that message is good, but it paints all men with the same brush. i do a lot with youth out there. what i tell them is be a man. there's nothing wrong with masculinity, but a man has respect. a man has integrity. a man has honor. a man would never dream of harassing or abusing a woman. there's nothing wrong with masculinity. feminization of america with ads like this, i'm still going buy their razors, i think it is terrible. >> the best a man can get. i like that tag line. i do like this commercial coming from a female perspective, but from an ad dollar perspective, aren't they kind of causing controversy? didn't they learn from nike and colin kaepernick, if you cause a

stir? >> on behalf of the ladies, i love me some manly men. so please keep being manly. we love you. [laughter] >> but on top of that, i kind of feel like this was a hail mary from gillette. the reality is that more young men are growing beards and wearing facial hair. they are facing incredible competition from folks like dollar shave club that are direct to consumer. nobody is talking about gillette. so somebody probably said it's better to have half of the population or quarter of the population that cares and is talking about you than nobody talking about you. that being said, still be manly. >> you know, first of all, i've got to say, i've watched the ad maybe ten times because i keep trying to see what's so insulting about it. maybe i'm not masculine enough. i'm sure i will get some tweets that will agree with that. [laughter] >> but i wasn't offended by it. more importantly, rush limbaugh, all of you, do you really think that gillette doesn't have a research department? it is as susan pointed out

exactly what happened with nike. david: they are not always right. >> the nike sales shoot up like crazy. david: you are absolutely right. >> so will gillette. david: does it make sense, rick, to put yourself right in the middle of a contentious debate? >> yes, because number one, most people aren't going to be offended by it. only the rush limbaughs of the world will be. david: look at the website, you can see a lot of people are offended. >> yeah. >> number two, putting yourself in the middle of it is what you call getting pr. [laughter] >> getting pr, they are getting a lot of it at this point. >> free ad time. we're talking about it on tv. >> rick, i disagree. >> aren't you alienating your customers? >> i think it works -- i think it works if it works, you know, the colin kaepernick ad was brilliant. wonderful things, heroes you could look at, serena williams -- >> how many people went crazy on nike? >> but you are right, and a lot of people didn't like the ad, but it worked. this works if it works.

i know it oversimplifies it. but it could also backfire on gillette. i'm not sure it will or not. it's not going to change my habits but it could backfire. >> part of the reason you don't understand is because they are conflating messages. they are conflating the boys will be boys messages with the toxic masculinity message with be a man and it is not really clear. the ad in and of itself isn't offensive out of context, but the discussion where so many people are telling men not to be manly and to be more in touch with their feminine side and women this, women that, that's what makes it offensive and the fact that it is not clear is part of the issue here and i think it makes apples and oranges from the kaepernick situation. david: i for one have had enough of people telling me how to live my life or raise my children. i don't need it from a shaving company. i mean i want to know from a shaving company how close a shave i'm going to get. they are telling you how to raise your kids, the right way and the wrong way. >> i didn't feel that at all. i got to say.

i know it was said that immediately by others. i did not feel like they were telling me how to raise my kids. i don't know. david: i'm getting sick of this stuff. thank you. critics blasting china for suddenly ordering the death penalty for canadian citizen. is this retaliation for canada's arrest of huawei ceo? what could it mean for our ongoing trade negotiations? that's next. moving? that's harder now because of psoriatic arthritis. but you're still moved by moments like this. don't let psoriatic arthritis take them away. taltz reduces joint pain and stiffness and helps stop the progression of joint damage. for people with moderate to severe psoriasis, 90% saw significant improvement. taltz even gives you a chance at completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you

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david: a canadian citizen who is already sentenced to 15 years in drug trafficking charges in china was suddenly dragged out of prison retried and sentenced to death after a one-day hearing. many people see this as direct retaliation for canada's arrest last month of one of china's biggest text executives huawei cfo. all this coming in the midst of delicate trade negotiations over tariffs and property rights. can we ever expect china to respect our property rights when they have such a flagrant disregard for human rights? what do you think? >> i wouldn't conflate the two. i think trade is a separate issue from diplomacy at this point. this canadian sentencing, this individual was in jail for four years already. i think accused of drug smuggling into the country. in china, yes, it's usually a one-day trial. there is no jury.

the judge is judge and executioner at the same time, really, at the end of it. in the huawei case i would say from the evidence that has been presented so far, there is a presentation apparently, a power point presentation where the cfo huawei who is right now waiting extradition to the u.s., she basically presented a presentation to multinational banks like hsbc and the others that possibly could have forced them into sanctions. >> i think susan may be right on this, but it's easy to conflate what's going on because it doesn't seem like isolated incidents with huawei representative being arrested in canada and now this canadian citizen being sentenced to death. the main thing here, whether it is or isn't, is we have started a fight with the second biggest power in the world. now, whether that fight was deserved or not, them dealing with intellectual property, we have to deal with that in some way or another. we've got to expect shots coming back at us. when you are in a war, trade war or any other kind of war, people don't do things according to the

rules. they do things according to to hurt you. that's what we expect from the chinese. they are a smart and powerful people. they are going to come at us with all kinds of things, no matter the reason behind the fight, that's what's going to happen. >> let's keep in mind here that the gentleman who is in such a dire predicament over here is not an american. he's a canadian. there's a distinction. look, these are always really hard. we can't just presume that the chinese are doing something funky here as david i think you said. he's been in jail for four years, been under this accusation. guess what? he might have done it. now, it is a little bit funky that he went through a trial in november, got 15 years. he appealed that, and all of a sudden, the chinese came up with new evidence, new trial is the result and this time he gets the death penalty. we don't have enough of the facts to know what's at issue here. >> i think when it comes to trade, when it comes to ip, when it comes to cybersecurity and spying, we have to remember that what is logical to us here in

the west may not be logical to the chinese. this is why this is such a delicate dance. that being said, susan, do you think that this is at all a negotiation tactic, or do you think that that's not really part of what's happening here? >> a negotiation tactic in terms of keeping the huawei executive from being extradited to the u.s.? >> exactly. >> it might be. >> exactly. >> i don't want to read too much into it, but we do have other canadians that have been detained in china as well, and this does obviously ratchet up the pressure for the canadian government to think about their own national citizens in a different foreign country. david: what it does show is the arbitrary nature of the justice system over there, and we are going to rely on their system of justice in order to deal with these property rights issues that we're trying to get done in trade negotiations. i just think again it shows when you are dealing with a communist country that only has the rule of law as far as the state sees its interest that particular day, you are going to have trouble to get any kind of guarantee of property rights.

>> that's not an unfair point of view. i mean, it is not the same as western law. and look, we have seen this in north korea. now we're seeing this as a potential in china. there's no rule of law. there's government. >> very good point. [speaking over each other] >> -- there's a lot of human rights violations going on with the chinese. that being said that, though, i'm not sure the tariffs with the way to deal with intellectual property. we are dealing with somebody who in the end will win at any means. david: yeah, i guess so. >> i think it also gives us an opportunity to align with our allies, whether it's canada or some of our european allies to put increased pressure because certainly we're all contending with the same types of issues, and i think it is going to take the full strength of the full alliance of all our allies to get something done. david: by the way, if i was assigned to china right now, i would think twice about it after everything i have seen about their arbitrary legal system.

not that i have any problems in my past, but you never know when that knock comes at your door and you have got no rights to protect you. we have to leave it there. >> you have no plans to travel. david: california, one of the highest tax states just found something new to tax, your drinking water. they say it is to make water clearer and more affordable, but how does raising its price make it more affordable? the infuriating details, coming next.

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david: california's new governor gavin newsom is out with his idea to make water cleaner, it's tax it. this is the first drink water tax. it was first proposed by governor jerry brown. is the second time the charm? >> it doesn't sounds like a real headline. it sounds like it came from a "saturday night live" skit. infrastructure is the only thing government should be in charge of. they should be able to get you

clean drinking water. if you didn't spend oh much money paying for non-citizens who shouldn't be there, maybe you could afford to take care of your own citizens. but this is a scam. this is an opportunity for the new governor of california to pick off two voting blocs with one fell swoop. this is supported by the agriculture industry and the environmentalists. i don't have to tell you why the environmentalists. thing a tiewsh industry is responsible for the runoff that makes th the water water is fou. this is the liberal tax.

>> you should not be taxing the necessities. last month we were talking about taxing my text messages. why? because they are long and informative? no, but to get back to gavin newsome, doesn't he have bigger problems like pg & e. it tells people this is not a safe place to put your cash. >> rick is right. this is insane. if californians want to get rid of their debt, under the monterey coast alone they have enough gas to get rid of their

debt. one more idiotic thing coming out of california. that's nothing new. david: the emails he gets are very interesting. doesn't this go deeper to the fact that what really ticks off people is the fact that politicians always have a new tax and they never spend the money where they say it will be spent. you know they are not going to spend all the money on clean water. that's what infuriates people, right? >> here in illinois where i live, nobody would mind paying for taxes if we didn't have crazy crime and bad infrastructure. but the government is a poor steward of capital. you don't want to give them

money they are going to waste and come back and ask for more money by taxing susan's text messages. there are things that make sense to being susceptible to taxing. this one is ridiculous. to start taxing drinking water. if you wanted to hand your conservative opponents the ultimate argument, it's like a joke. i know, let's tax drinking water. david: democrats have a super majority. >> they had it when it went through the last time with jerry brown and it didn't pass. one senator is picketing against this. david: i just wonder when

californians' heads will explode because they have been taxed so many. we have got to leave it at that. >> you have got $22 trillion in debt with the federal government and it's shut down. >> it's absolutely a crisis. and it's national security. the most of important job of the federal government is to keep our families and certain seasons safe. that's all this president is trying to do. >> the question people can reasonably ask, is he inviting people to 1600 pennsylvania avenue to solve the problem or to create a photo-op. >> if you don't show up at the table, how in the world will recome to a solution. reporter: democrats