turning into a government headquarters. so as the malls go away, you have to either blow them up or repurpose the space. >> you are not in clueless, were you? that's it for us today! thank you for joining us. "bulls & bears" starts now. >> breaking news, a surprise from netflix sending the stock into the red after hours. this is "bulls & bears" with more big headlines just coming out right now. i am david asman glad you can join us during today to discuss this and a lot more, christina, liz, gary and jonathan, netflix not bring in the kind of money last quarter that everybody was expecting. let's go straight to deirdre bolton in the newsroom. a lot of discussion about the numbers i have been coming out and revising the numbers. explain. >> yes. there were one print in particular that i would think

through the community in the first two minutes but we corrected it and here is what you get. a mixed bag of tricks as far as the fourth quarter. if you look at earnings, netflix did exceed the expectations, viewers can see $0.30 a share, $0.24 per share, that was what was expected. it is higher, better-than-expected. if you look at revenue, this is initially what pressured the stock you can still see it moving lower. after hours you had the company with a revenue of 4.19 billion, slightly lighter than what they were looking for. also, most important, we always talk about for investors, really the picture going forward. revenue for the current quarter, the one we are in, will be a little bit later than expected. 4.19 is what netflix says it is tracking to right now. wall street had been looking for guidance to be confirmed at 4.21 billion print not a lot but enough to get the red arrow on the screen. on the plus side for the people that are bold and really like

the stock, if you look at the next ad subscriber, how many people signed up, if you look at the fourth quarter and the current quarter, both sets of data show long story short, more people are signing up for netflix. that's a big positive. you also have some analysts beginning to publish the other albatrosses some of been concerned about is that the company has this net free cash flow which is negative about $3 billion from 2 billion in 2017. and a lot analysts say we understand is a lot of money to make these very popular, blockbuster. there is black mirror, there is bird box. why are you going to turn that figure around? they say it happens in 2021. for what it's worth after this report. >> it is not too far away. folks, what is the big headline here? for netflix. any idea? >> okay with a big hemline, they are lucky that the market is low right now because next

quarter earnings which matters most to companies and stocks, expectations were $0.86 and this is a woeful $0.56. this was down 40 bucks if the report came out six weeks ago when the market was in trouble. they are lucky markets are acting better right now. >> have to ask you, despite this afternoon little drop, really an amazing run back from -- is there any talk about competition? netflix said they claim about 10 percent of all u.s. screen time. but everyone from you know, hbo and "fox nation", they are nipping at their heels. are they not? >> that is a great point and many people would say, the stock is already up something like 60 percent. and in the past few weeks is had a great run. and more and more competition is coming online. obviously amazon already exist but the sure point point, a lot

of people are releasing products.apple worked with oprah, you have hulu, at&t, comcast. there are more and more players that will come in. this really was started the conversation when we saw netflix raise the prices. on one hand you can say who cares, it is two dollars more per month. but on the other hand some are saying this is great, just praising their pricing power but on the other hand to your exact point, people are saying is this really wise, given the fact that there will be more and more people chipping away netflix business? we talk about this in technology, they have shown everybody what a good idea it is, to have the streaming business.now it is up to them to keep that first mover advantage. >> he talked about the first mover. the growth has been phenomenal for the company. as a question now -- the revenue is lower-than-expected but i think the concerning

part, and this is just for some traders. they say it continues to be 3 billion it will continue to go on. so for jonathan's point about competition, maybe the cash burn shows they are continuing to amp up all of the new content because they know the market is going to be saturated. not the concerning part of the point what i think that they could leverage is taking the new movies and putting them in theaters one month before they go on netflix so they can get that. there was no mention of details, but -- >> they did that with -- >> you have the irishman coming up and also an earning call this evening. maybe there will be details. >> to your point, most, not excluding the short sale, the most bearish i've seen say the stock to go to 300. it is sort of 350 and change so would be a significant drop.

that is the lowest i have seen as far as range. >> i'm confused where the next upcoming quarter, they are so pessimistic about revenues. this pushed through a big price increase there's a lot of it subscribers. how does it tally? i don't get that. >> i think is a perfectly legitimate question. i think you should be on the call and ask for an answer because i've not seen any details it is one of the big questions in my mind. i think they are banking on international, i think they are spending, how it all kind of figures out we have to listen. >> is any sense that international subscribers do not pay as much or are not profitable as much as domestic subscribers? >> there is greater reach to the extent as we know that netflix again, has this first mover advantage. it has been there first. who knows, the pricing power does seem to be able to hold it. there are the number of people

they are able to add gives them weight and heft and muscle in a way that some of the competitors we were just referencing will not have the advantage. not out of the gate at least. so i do think it means it is secure. i think the question as christine eluded to, the free cash flow, negative position, when do they turn around, -- >> we talked about that debt. they borrowed 5.5 billion since october 2017. they are borrowing up to the hills. god knows what happens if interest rates go up. you are spending so much money on each individual show. steve carell is doing a new show, getting $1 million per episode. our investors were there so much money coming in that they are getting a little, they are not as conscious as they should be about how they are spending money. >> i think there is the pairing of worrying about how much the company spending paired with the fact that even the algorithm is much takes criticism in that you do not always get the best

recommendations for you. they have more content than is able to be organized quickly and easily. that is something at least one insider told me he will be looking for them to improve. because it is one thing to have all of this available but if you cannot find it or it is not being presented to you as a choice that makes sense to you, maybe that's when you say forget it, i already have hulu, or something else i will let this go. >> there is a big question longer-term. just how many platforms there are. are there enough eyes for them? between disney and universal, everything else out there, the good news is local, netflix is the main name right now. they still have momentum but again, when all is said and done in the stock market, it has to do with earnings and earnings growth. i have news for you, earnings are heading south into next quarter. expenses matter. in the amount they're paying for people, you mention steve carell, some of the comedians getting 20, 30 or 40 million to get a couple of shows --

[multiple speakers] >> and they do not want amazon to get them. there is a bidding war. >> i am with gary. you know in this like fantasia or snow white, for disney i mean, steve carell was to be generating laughs. >> there was a comment about bird box. i've not seen it but people say was a decent movie but it has like 80 million views and so, they pride themselves at the moment at being hit pickers. bray grey from an investors point of view, you're placing a certain amount of trust in their editorial judgment. quickly, the reason we are seeing success with bird box, it's a novel idea we have not seen anything like that. but we are talking a steve carell in how much money he makes. didn't seinfeld get $1 million per episode? [multiple speakers] >> sometimes it pays off. >> and those shows are still in

syndication 20 years plus after. >> and there is no syndication it netflix earns it all. thank you gang! terrific reporting, i appreciate it. stocks desperate for good news on the china trade front. government, something to cheer about. he finally got something to cheer about from inside the beltway.are we finallyclose to a deal ? we have details coming up 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. fisher investments. clearly better money management.

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afternoon the downturn reports that the u.s. was considering lifting tariffs on china in order to break a trade stomach, -- stalemate. the deputy press secretary stas quote - we are focused on the current 90 day period. we expect a high level visit by china vice premier at the end of the month. does all of this show how much is riding on the deal, folks? >> you mean another leak that was not a leak that could have been a leak but maybe was a leak? i don't know. it doesn't matter. you can just tell and i am sure that the white house is watching the show. so i have a message.

you better get something done because i think the markets are set up for something to get done. and if something doesn't get done, i think 1000 or 2000 dell points to this downside. no doubt the market is a big ears on trade right now. hopefully, both sides get it. >> i would take a little bit of a different position, i think this is likely to roll on beyond that. i do not think they will impose the much higher tariffs that they are threatening to do but my guess is they will extend the date because so far, we have seen no indication that china is making the kind of structural promises about intellectual thievery and other kinds of structural problems and the economy, the state owned enterprises and things like that, the white house wants to see. this is i think, just another indication of the tension between those people like steven mnuchin who want to get this thing done and move on and

others who think it's an opportunity to change behavior. >> and liz, and look at the market.any rumor that perhaps these tariffs are finally coming off, tariffs are taxes. >> i agree. >> i'm in the market rises just under rumor. and it is not surprising! how many companies, s&p 500, apple, general motors, lumber, newspapers have all cited tariffs specifically as an impediment to the business. the tax foundation, they say as many as half a million jobs could be at risk if tariffs go on much longer. in my hope, i hope they listen to steve mnuchin and tried to get rid of these tariffs and keep them on. >> was a perfect segue for me because there was some data came out december 18 from the u.s. customs and border agency. and they say roughly $13 million has come in due to terrorist. 8 billion specifically due to china. so perhaps you could argue china is paying for all of this but they are not. the burden is on u.s. imports,

u.s. importers. like you've all said and liz said, you have company spend the vast majority in the government giving million in aid to farmers and it comes at a steep cost as well. that will continue into the new year. nothing seems to progress when it comes to changing the month of china, what goes on in the country. especially with -- >> i would argue there's one thing that changes these lawsuits. we are taking come is like while way, there was another -- while way -- i think china is getting the message. chris good point because germany just announced they're going after them. there is a strength in numbers aspect. >> any company or government can filing a lawsuit without imposing tariffs on every citizen of their country. in a civil discussion with the

original thing was the trade deficit. so that is been a big failure. >> i think china is taking measures to and prayed the deficit. they are buying more goods and allowing new kinds of goods like gmo products and agricultural goods to come in to the country which is a big deal. but again, they're not really getting at the core issues that we think lighthizer is extreme the committed to. rightly or wrongly.>> the problem is when i go to the horse track, you bet on past performance. i tell you what i watch her china has done.there are rules and regulations that they're supposed to follow and they don't. and raise your hand if you think they will change in any big way. i don't think they are. i think we have an election next year, they do not have an election appeared some sort of

deal will be done. the deal will be nominal. both sides will say everything is wonderful, everything is great. kumbaya and remove on and will continue -- >> on the president's side the fact is, he looks at the market. is taking credit for the markets in the past. he understands if -- exactly, he faces the market goes down or up on the basis of what happens in china, he notices. right?>> absolutely. and as i said, he is watching everything. and it is well known right now that a few weeks ago, he spoke to some very important people on wall street and they told him two things. number one, get off the fence back and number to get the deal done with china were markets will stay down. i think that's part of what you are seeing at this point. but again, we keep getting three week leaks week and still nothing getting done. >> i want to go back to liz's point where china has offered to buy more american goods but they've offered to buy mostly agricultural goods in a think that means china is just playing the game because it is plain to the trump's base.

hence the aid being given to him. >> and we are the largest trade deficit with china ever despite all of the terrace. it wasn't supposed to happen but that's what's happening. we have to leave it at that! thank you very much. day 27 of the partial government shutdown. john stossel thinks the most important lesson we are learning is not even mentioned in the press. we will explain next. bike, whe. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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[friend] i've never seen that before. ♪ ♪ i have... ♪ >> day 27 of the partial

government shutdown. hundreds of thousands of nonessential federal employees are at home not working. and john stossel says his teaching is a big lesson that is lost on most of the media. maybe we should not have hired these folks to begin with. in a op-ed today they wrote quote - during shutdowns, government tells nonessential workers not to come to work but if they're not essential, then why do we pay 400,000 of them? john stossel joins us now and

john, you're always out to shock people. you suggest that in fact, what this shutdown does is, it illustrates how bloated the government is. >> it should illustrate that. some of the work was equally essential probably are not. why do we have 100,000 troops in germany, japan, south korea? and some of those nonessential workers do important things. but for the most part it is day 27 and most people do not notice. and even the tsa, which i will notice on my flight if they start calling in sick. if it was privatized, it would not be a problem. and in san francisco it is and it is faster and better. >> do you think that we haven't really seen the negative effects so far? you bring up the airport because we often talk about that, it is good for visual on television. tsa, we should care about those people because they stop a lot

of the drugs that came in, deal with a lot of the people. if you like that is a concern. but to your point, you must thought it would be insensitive by talking about this on air. i was in washington and i didn't notice -- >> were supposed to be -- [laughter] there are 70 people out there suffering that have to get free food because they have pop-up stores.but i did notice difference in the cleanliness fromthe streets but i know it could be privatized. the stories seemed to still be functioning. mayor -- maybe there's a difference in that but aside from that i see your point, however, i still think there are really important topics. we just need to figure it out. >> we know the federal government is bloated. why do we know that? because you cannot fire government employees. even if they are completely terrible at their job they never get fired. they never take a program out of existence. we have 47 job-training programs and the federal government, federally financed job-training programs which overlap have absolutely no idea whether they are useful or not but no one --

>> they are useful. >> no evidence. and no one wants to raise her hand as a legislator and my accomplishment is that i'm getting rid of something. that never happens for one thing, there are about 2 million federal employees. which doesn't stomach a big number and actually that's been the number for decades.but the federal government, if you look beyond that, at the state and local level and contractors you're talking about 20 million people. they have sort of offloaded a lot of the stuff to conceal the growth of the federal government. i'm sorry, john. go ahead. >> that growth is really a regulatory a group.great work the fda, epa, tsa, which was private before 9/11. but dea, nha, john stossel, what do you say to those that say we have to have food inspectors otherwise everyone will be selling tainted meat. what is your response to that? don't we need government meet inspectors for example? does tainted meat smell like

freedom?the times had a piece about how the fda is not inspecting. but that was a big headline. buried in the piece was that most of the meat and poultry inspections are done by the agriculture department. and they are still working. anyway, even if there were no government meet inspections, we would not be poisoned by those guys because it is not good for business pay look at chipotle. most of the safety measures, the meat producers take are not even required by government. >> here's the problem, in 2000, federal government spent 1.8 trillion. this year they spend 4.4 trillion.it used to be a sin to raise the debt ceiling. in the ceiling means you're not supposed to go above it. now it is the norm to raise the debt ceiling people even the rating service and economists say if you do not raise the debt ceiling, it will hurt things even though we know debt is bad. i gave up hope a long time ago, john. i still think of too much hope that anybody is going to be yelling and screaming this in washington d.c. because money

is their power base, unfortunately. >> eventually the rubber band will break. >> we know that! >> i mean i am the problem you're paying my medicare and, thank you! but it is unsustainable. >> you know the other group lobbying very hard to end this other farmers. they say look, we are not getting our subsidy checks. >> why should they get any stupid checks? >> i agree with that. it's a whole subsidy conversation. but they reopen the office, or adding employees again, to cater to that base.the farmers that need the loans. -- >> at the base of this john, is there a bigger question of just a role of government? it seems that there is a sense that government can be whatever we vote on. street paper, health insurance provider. the government role is really to protect rights and that is it. is not limited vision of government? it is the american way, is it not? >> it is but good luck getting back to that. >> i think is ironically having

this conversation at the cusp of the democrats taking over all of these various panels on the house and basically putting forward one program after another that is going to blow up the federal budget.so, we are not going backwards anytime soon. >> although, what they would point out. you said before it's impossible to fire a federal worker. the present did an act, he was able to enact a measure that does make it easier to fire federal workers. though, lord knows what new restrictions democrats will put in from their power in the house. >> and he encouraged his agency to do a kind of review of the agencies and pair employees. but people want crazy on the other side of the aisle. >> while this regulation are going to pass, it will not become law, right? the republicans want supported. >> are probably have noticed some democrats are making barack obama look like conservative. there is not any number that they will not go to on how high taxes and how much they will

spend coming up with things that would cost $32 trillion. and they are like, no big deal. we are fine and dandy. we'll find it somewhere. it's just amazing to watch. and the media just doesn't care either! >> is a great point, john. other than your article, i can think of a couple of other opinion pieces that have been out there suggesting that the shutdown shows how bloated the government is. but do you think people are hearing that message? do you think people are getting the message? >> which john? this john! [laughter] at that when greece went in the tank will get the message. we didn't learn much from that. or venezuela even! >> i think that's the most astonishing thing. people like ocasio-cortez have never been to europe they don't see why france is on the cusp of revolution because they can't get away from all the rules and regulations and high taxes that have really stymied the economies.

they never learn from what's going on around us. forget learn from history. we know that doesn't happen. >> by the way we can have another segment of local and state also. i think there even more bloated than the federal . it never ends over there. it's like watching the old movie, the blob going from one street to the other. a bunch of jabba the hutts swallowing everything in its way. each side will blame each other and get to get her in the end? we do. >> and i guess we'll keep working?the federal workers. i think it will be a great opportunity once the shutdown is over to really rethink, do we need these nonessential workers that we have been talking about? however, i really don't think that will change. >> no, i don't think so. >> great, anyway, john. gary, just wait and see move from florida to new york. you want to see bloated local government you will see it here! 40 top economist and four former federal reserve chairs

on both sides of the political aisle. what they say is the number one issue. what they are proposing, could infuriate you. stay tuned, that's next. d, like. because your investments deserve the full story. t. rowe price invest with confidence. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪

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reserve chairs nearly 30 economists in all but one former chair of the white house counsel even economic advisors uniting to show bipartisan support for a carbon tax. as a way to address climate change. these are just a few of the names you might recognize. you can see here, total 45 economists signed this wall street journal op-ed writing quote - a carbon tax is the most cost effective lever to reduce carbon emissions at the scale and speed necessary. all revenue should be returned directly to u.s. citizens through equal lump-sum rebates. popular uprisings against carbon taxes here and overseas would not gain any political

attraction even among democrats. what you think? >> i think it will certainly gain traction amongst democrats. it is one of their great issues. where people on the left talk about a total green overhaul of the economy. not understanding that it would be bringing the industry to its knees. but i think it's amazing to me this conversation and for all of these economists to weigh in, they don't talk at all about the world situation for the fact that china is producing twice as much emissions right now as the united states. hours have been going down where those in india have been going up. we can completely destroy the economy through this kind of tax or other kinds of rules and regulations. it would have almost zero impact on the climate or carbon emissions being spewed out around the world. that is a fact they simply don't address. >> a carbon tax, it is like, we may carbon every time we breathe! so -- all right. i just got tax.

this is a tax on mankind, production, the modern world. it is why the green movement is always against nuclear energy which is a very low carbon footprint. because they are against man's success. if you want to as liz said, destroy the economy, destroy advanced civilization, go ahead with the green tax. that's exactly the right direction! >> please give me 40 dartboards and a bunch of darts. >> here's what they tell you, don't worry about the carbon tax we will return it. since when is government going to return dollar for dollar? do you member the social security lockbox where every many is put away? who are they trying to kid? and why does everything lead to our wallets and our pockets? and i am amazed, i'm looking at the list it is a who's who on both the left and the right. i don't know what's happening to these people that everything is about a tax. there is like 100 different taxes and they just want to add more. and who will keep the run of

who is doing what and when he is doing what? >> no, no. it seems like everyone is agreeing and it doesn't make for good tv. so let's focus -- [laughter] let's focus on why you have an economist for both sides of the spectrum. joining forces with the carbon tax. in a situation with a marginal social cost is greater than the private cost to a lot of these companies. like liz mentions, bring the industry down to his knees, i completely disagree with that. i do agree that with gary. when you get taxed in the government just ends up keeping a lot of the money rather than distributing it. that is an issue but the carbon tax could be effective because it could force companies to think of better solutions. wait, better solutions to provide cleaner energy which is what we need to do around the globe and we are doing that through a lot of science and here is -- >> hold on! >> wait a second. should we shift the onus on to the company? like what uber is doing in london. they are imposing a clean energy tax on uber drivers. it is $0.19 per mile.

in london in order to -- [multiple speakers] >> the market is already doing the job. in this country, a big portion of what we use for energy is no longer petroleum because companies are going toward the green. do you know why? because they want to. the market is demanding it, it is effective for them.>> if this really is a problem, just to be fair to them, a lot of serious people think that man's contribution to climate change is a real problem. and if you're going to do anything about this a carbon tax is better than the uber plan and all of the little things they would do. look, i am on your side. but just to take the other side. >> take the other side of the entire panel? [laughter] >> it does not make a difference -- my wife would have to say, someone has

to start and be the example and then they will! >> but that is the point. we have started. in fact, emissions are way down in the united states. we use more natural gas. this is presented as a simpler, cleaner way to do it then lots of regulations. like you are saying. >> it is. >> so how do implement this? [multiple speakers] they are adding a border adjustment tax. so our companies are not uncompetitive with producers overseas.>> by the way -- >> what about the politics of this? we so what happened on the streets of paris and the president there withdrew his -- i understand it was a different kind of carbon tax.but at the same time, pelosi, when democrats control the house, senate and the white house, she floated a trial balloon of the carbon tax. it failed miserably, it popped and she pulled it away. i don't think even the democrats have that kind of gumption to go for it again. do you? >> i do not.

and i think it will be wildly unpopular because it is also going to be the thing they're not talking about, wildly complex. and that i think -- >> go ahead. >> it hurts a small individual. i don't know, drive to work! driving his kids to work, it makes no difference to the environment but it is a way to control and hurt mankind. we should be striving for my emissions. [laughter] it means that the economy is thriving! [multiple speakers] >> that was a wonderful segment, i had to end that! but john has to leave. thank you for staying for another segment. student loan debt hurting the housing market. the answer from one democrat presidential hopeful. make college education free! >> free! >> taxpayers and college grads. more after this. [ telephone rin] [ client ] - hey maya. hey! you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track.

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loan debt is turned to take a toll on the housing market. federal reserve says homeownership under the age of 34 declined from 45 percent to 36 percent between 2005 and 2014. partly due to rising student debt. they said democrat presidential

hopeful, julian castro calls for tuition free education. listen. >> that is why i believe that we need to work toward a tuition free system of public university, college, apprenticeship and certification programs in this country. to have the smartest, most well prepared workforce that we can in this 21st century. >> but if college education will not help you by your home, where politicians demanding taxpayers subsidize more of it? what do you think? >> look, when we hear free healthcare, tuition free, i will yell back, nothing ever is for free! how are you going to pay the teachers? how are you going to pay for running the schools and the books and everything else? this is all about more taxes on the public. these people believe that we have to give them all of our income so they can run the world the way they want to run it. it is a noble cause. >> edits for the children!

>> it is for the children though! >> but why don't we try to put america, all americans on a level playing field when it comes to education. yes, the headline right now showing that debt is contributing to the fact that we are not buying homes. and i am saying that because i am on the older spectrum of the millennials for those watching. but i fit the category because i have student debt. i do not own property. there is a few other factors to this. you have the millennials or the younger people choosing to live in cities and that is where housing is completely not affordable. i have looked into some one-bedroom apartments just for fun. forget even trying to afford that right now in manhattan! there is a lot of contributed factors. i do think there needs to be again, with education, reforming theeducation system we are just not up to par . >> yes, if you want to reformat stop i -- get government out of

it. >> please explain. >> your student loan is an example.it is by governments of a whole generation -- >> no, i have a private loan. a lot of people have private loans. >> but student loans are part of it but they exacerbate the process where people graduate with 50, 60 or $70,000 in debt for education. but it does not behoove them because government says you have right to education, it is their rule to provide that. it is -- and get into it. it simply might be that government should not be incentivizing people to go get an education if they cannot afford and cannot use it. >> maybe that talks about the tuition cost and then that should be lowered and the government -- [multiple speakers] >> why the tuition costs so high?

because government plays a central role. >> jonathan is totally right. what happened is the government decided it would finance millions of new people going to college who historically, had to wait their turn, wait for their parents to be able to do it or whatever. or work their way through college and they did not expand the number of seats available. basically, you had a tremendous pressure on a fixed institution and basically what the institution did was raise prices. and so, really, i don't know how we are supposed to solve this. 1,000,000,000,000 and a half dollars of student debt is sitting out there. every time that someone decides we should just you know allow people to go bankrupt, allow the government to come in and basically pay it back, it is too much money. >> also the question, quality of education. jason riley wrote a piece in the wall street journal saying the student financial assistance programs very often will push to admit people that should not be there. the dropout rate among colleges, college students is greater than the dropout rate among high school students now because of this.

>> and i would argue that if we had the kind of high school education, primary school education that we had in the 50s and 60s and even 70s in this country, there would not be such a need for everybody to go to college. people actually out of high school -- >> do things because -- [multiple speakers] >> i have had a lot of bad teachers and they just never get fired. >> i think that is right. intricately, the only person i've heard in this melee on the democrat side about people running for office is mentioned the word education, kirsten gillibrand.i don't even know what she's talking about but honestly, it is astounding to me that no one is talking about this.>> last word from liz. thank you very much. how is this ray travel ban? the present firing back at speaker pelosi 's letter suggesting he postponed his state of the union address with a letter of his own. details on that, coming next. i knew about the tremors.

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our grandparents checked zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today. david: a congressional delegation including speaker pelosi was planning to leave on an overseas trip today. but that trip was abruptly canceled just as the delegation was set to leave for the airport with a full escort. the president's letter says on behalf of the 800,000 workers

not receiving pay, i am sure you would agree that postponing this public relations event is totally appropriate. >> the next two years will be epic based on what we are seeing now. it's 800,000 people not getting paychecks, maybe going paycheck to paycheck. some people driving for uber just to make a paycheck. these people matter. they are good americans. it's about time things get done. get this stupid thing done already. >> i second that 100%. the democrats just came back from partying in puerto rico, such was their concern about the 800,000 government employees that they didn't stick around. why in the world should she be leaving the country in the midst of this shutdown.

nancy pelosi, do your job and come up with a compromise offer. >> she is going to a war zone, she is not going to parties. you want to pick a fight with song who controls the purse strings? i see this pettien childish, to save political face. you want to lead, not win. i see this as a goal by the president to win not lead. >> it's child's play. it's like watching two kids on the school ground. the president got in at the last minute to suggest she can't go with her team. but i think it's petty between both of them watching this go on when they should be focusing at the problem at hand, the

immigration, the border funding and opening up government. this is silly. david: how can you focus on the matter at hand if you are in afghanistan. it may be a worthwhile trip. the president didn't say its canceled, it's postponed. >> don't they do that all the time? regardless of republican or democrat, they would fly the exact same way. >> they have security details, nancy pelosi has been talking about the state of the union address doesn't make sense because of the burden on the secret service. does she pay for her security? are these federal employees? do you guys know? david: i'm pretty sure they are federal employees. >> i cannot believe we are sitting here in this great country and we can't get the rest of the government open from both sides of the aisle. i don't even know where to

begin. her with her state of the union which was a ridiculous lie. i don't get it. david: before puerto rico, there was her trip to hawaii. that does it forward bulls and bears. we'll see you next time. >> a wall is an immorality. it's not who we are as a nation. >> i don't think this is an issue of morality it's an issue of does it work. president trump: many democrats in the house and senate would like to make a deal, speaker pelosi will not let them negotiate. the party has been hijacked by the open borders fringe within the party. the radical left becoming the radical democrats. hopefully democrat lawmakers will step forward to do what is right for our country, and what's right for our country