we need the workers. connell: just blinds on both sides of it for the time, that is it for us, thank you for joining us, we appreciate it. >> yes, bulls and bears, starts right now. ♪ david: president trump said an economic miracle is taking place in united states. >> in just over two years since the election, we have launched you an unprecedented economic boom, a boom that has rarely been seen before. the u.s. economy is growing almost twice as fast today as when i took office. and we are considered far and away the hottest economy anywhere in the world. not even close. an economic miracle is taking place in the united states, and only thing that can stop it are

foolish wars, politics, or ridiculous partisan investigations. [applause] david: is the president right? let's put it to our panel, liz peek, scott manufactur martin ct wolf. do you agree with the president? >> i think yes. let me start, i think that the economy is doing great, we have enormous energy productiontion and job creation. look how far we are into the cycle. there is so much good news. as to what might derail it, clever move by the president to put it on the democrats if things fall off. i to think that though, we could have politics, and all of these investigations that house has vowed to launch interfere with the mood of the country, the sentiment, a lot has been about

sentiment. i think that there something there. >> it is a miracle compared to what we had a few years before, previous 10 years. in terms of what could derail it, not so. the investigations, i don't think most people take them too seriously by now. but what could do it is a trade war with china. a trade war with our european partners, putting sales taxes on par imports and -- car imports and the like, every time it looks like we're in the green with china, the market responds, then people have doubts the markets take a pause. >> come on, economic miracle? this is ridiculous. we're not an economic miracle. we're having a good economy that is going along at 2.5% gdp . we have seen gdp post recession north of 5%, auto sector slowing down, housing slowing down, we

just did a farm bailout because of the tariffs. i am all for a good economy. i think that president has done a good job on the economy but this is not a miracle, we're around same average we've been. we're in the right trajectory but this is not a miracle. we should be brutally honest. >> in terms of recovering from a recession, normally you get a boost, we never got that under barack obama, like an automobile we were at 20 miles an hour, we're at 50, we could go 80, this better than before, i'll take it. >> steve forbes who used to be a fiscal hawk. >> for growth, i want growth. >> robert, i think you just admitted what we know, the economy was giving up decent, passable numbers during obama administration it was like a a recession, thank you for come toth the table for that we did see good growth numbers out of this languishing business

environment, we're told, you didn't build that, so that destroyed business confidence. and hurt the consumers. now it is a bit of a mirror act told see this business -- miracle to see business confidence come back and r&d come back, and capax on the right, this is almost -- on the rise this close to a miracle given where we ki came from. >> you know i would respectfully disagree, it is is not a miracle, it just not, we're chugging along. we saw gdp 4% with obama administration. >> we had larry summers saying we would be 1 or 2% forever. >> i am -- >> i did not agree with them. >> that is why you should be a republican. >> i am more republican than they are. i am for free trade and fiscal discipline. david: we'll talk about socialism in the next block. >> there was a sense of giving

up on growing our economy. i say one thing that is surprisingly good right now, we're doing well inspite of the global slowdown. a year ago, a year and a half ago, everyone in the world was accelerating in part because of what was going on in u.s., we going it alone that is good. david: there was a dramatic change in economic policies from past administration to this one. when we usually go into a recession we see lower tax rates, obama administration raised tax rates and increased number of regulation, donald trump has done the opposite, don't you think that had manage to to with the increases growth. >> and may i add he threw obamacare into the mix, all kinds of employers thought twice about hiring people, what a disastrous thing to do. >> i guess you all i think it is a miracle, i hope we get better.

>> we're getting better. david: nothing wrong with getting better. >> in november we had you know slick congress, and this thing about we're getting along this will be puppies and ice cream. eewe'll work together. if you want this mirror act told go away -- miracle to go away keep fighting in dc. david: what can be worked on? we heard -- >> infrastructure. david: we heard democrats and republicans clapping on infrastructure. but. that is another spending program. i don't know if that will stimulate the economy. it did not simulate the economy much under obama did it? >> no. >> it did not. one thing to realize, government spend -- governments don't create wealth or resources, they get it from we the people, government takes those resources and redistributes or spends it.

it does not stimulate the economy, removing burdens on people, the president would say huge progress has been made there and the -- >> how about the tariffs? are you a supporter of those. >> of course not. >> i just wanted to get that in. >> i am getting a a free subscription of forbes. >> you should read it. >> there are other places, i think where democrats and republicans come together. the opioid epemic, that is something that everyone is concerned b. health care costs. maybe some progress will be made on patching up obamacare, that is becoming now a new normal centrist thing to think about in terms of making our he'll health program more efficient. you have to make obamacare better. david: neither one of those will increase the economic growth.

>> no. >> i can respond on infrastructure? i would respectfully disagree with steve on infrastructure. i think it is the pest plan, i would -- best plan. david: why. >> >> for every dollar spend a 1.7 time pull player. >> if spent right. >> right. >> of course we're talking about private sector driving infrastructure. >> right. >> in my opinion, i think it would be a bipartisan way to go. it isopoly thin only thing you n get union, chamber of commerce, republicans and democrats to agree on. >> i worry about that. here is what happens, look yesterday all that time that trump heralded economic development. nancy pelosi was busy reading the news paper from a week ago. >> i think she was reading the mueller report. david: ooh.

for the record she was reading the peach. >> mueller report leaking again. >> keep in mind about infrastructure there is snow infrastructure crisis with our nation's railroads, they are privately run. no shortages of trucks or fedex or ups. >> can you have privatization program without support of the house. >> put pressure on them. by the way highway trust fund, david, which has been rated time and against -- raided time and against put it back for highways, government is terrible on maintenance. >> there was a program we should have done called dig one. while we're digging highways plant the fever 5 fiver. >> let's end on one thing that we can agree on. >> but you need president trump

said, we will never be a socialist country, but now comer alexandria ocasio-cortez said, he just scared. what policies will voters want? heading into polls in 2020? we'll debate that coming next. ♪ feeling unsure? what if you had some help? introducing the new 2019 ford edge with the confidence of ford co-pilot360™ technology. the most available driver assist techonology in its class. the new 2019 ford edge

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david: breaking news, chipotle crushing earnings estimate after the bell, ceo crediting increasing foot traffic and menu price increases, shares jumping after hours more than 9%. >> president trump drawing a policy line last night rejecting the socialist movement at the state of the union. >> here in the united states, we are alarmed by the new calls to

adopt socialism in our country. america was founded on liberty and independence. not government coersion, domination and control [applause] we're born free, and we will stay free. tonight we renew our resolve that america will never be a socialist country. [applause] david: looking on in chi in -- s was a burning bernie sanders and alexandria ocasio-cortez. >> you know, this is scary. because we have to remind americans and everybody watching that this is what america was founfounded on, capitalism, gro,

and free market. the youth are getting a nice brain washing of how capitalism will destroy you, and hurt you. socialism is the answer, it will help, and prosper, government intervention. this is a scary thing that this has to be reminded to people, it will be a big topic to 2020. >> i think it will be the topic in 2020, i think that president was smart and literally making it the issue for 2020. i think within the democratic party. of which i am lone guy at table there is a whole debate, a debate between populist left and moderate, can someone in and left win the general. and we're not sure, because, i think that you know, democrat

party has been pushed to the left, it will be a real interesting debate. i believe you need to be a pro-growth democrat to win the 2020. >> okay i am take exceptionist, i don't think that america is turning socialist, 82% of country either feels they have achieved american dream or on cusp-that means, freedom. people want freedom, to live their lives the way they want, i think all this excitement about socialism, honestly is just ignorignorance. people don't know what they are excited about, they don't know how it works. we'll have a tremendous education over next two years as republicans try to explain to country, i think they will be able to, donald trump will be able to do it. why it is a terrible idea. it comes down to, you take money from one group and giving it to another, there over in a bliss wherplacethat doing that makes r

people wealthy. >> i think that alexandria ocasio-cortez has it backwards, and fears that president trump will use to issue, he picked issues, democrat the be very weak on. and socialism, i love nancy pelosi the way she looked last night when he brought up socialism, she said omy god in her heard. what do i do? i know part of my caucus loves this, what do i do? david: fox poll, americans think that moving from capitalism so socialism is bad, the president may have seen that poll, and said, if i say there are socialists, that is going to leave a bad taste in mouths of americans. >> i think he did so well last night was talk about the greatness of the country, that is what got him election --

elected. americans like to feel proud about their country and history and accomplishments. david: scott, your millennial friends, people your age that of causing problem, they have been educated as alexandria ocasio-cortez was at boston university by a lot of professors who are socialists, don't believe in capitalism. >> that is right, they are getting that education. i am losing those friends these days, who would have thought, that is a big vote are base we need in 2020, someone will get them, i think other thing to a lot of panelist points, how do they spin that socialist idea, do they petition the health care -- do they pitch health care route, they use capitalism as a monster and socialism a hero to manipulate that message to maybe soften it. we know it is what it is. >> a good thing that come out of

this, force republican to make a good casers an casey case -- can people why we need free markets and lower and simpler taxes. dodo it new again. good thing, and it will help inoculate us in future, where people think of social, what wrong with that? socialism? >> that not what is resonating with the young people, fox did a poll over sense of 70s% of thost taxes going to higher. and democrats won wisconsin, pennsylvania, michigan and you want the four. >> ohio. >> no, they lost there. david: bottom line there is a difference between aing taxes rs

and socialism,. david: speaker pelosi saying that congress may be close to reaching a border deal. is it one that president will sign on to or do we have another government shut down. joining us congressman fleishmann. >> in the past most of the people in this room voted for a wall. but the proper wall never got built. i will get it built. [applause] ows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.

>> left to their own devices, i think we could have an agreement on time by friday, i poke with senator shelby, i told them whatever you come to an agreement on, bipartisan, i want support. i hope the administration has the same respect. david: house speaker nancy

pelosi hinting we may be closer to a border deal. after last night president trump's push for the border wall. chuck fleishmann on the bipartisan committee working on the deal. he is joining us now, congressman thank you. we have been hearing a lot of reports that we're inching closer to a deal, how close? >> i don't know how close we are. but we're making tremendous progress. optimisoptimist in me, said if t people who are reasonable in a room, keep leadership out of the room, and let us do our job, we would be able to get it done. these are most reasonable people in congress, talented people in house and senate. i think we're inching closer. most telling thing is if you see where speaker pelosi was at the inception, she was no, no, and

now maybe and yes, that is a good sign. >> how far beyond the issue of the recall do yo wall, do -- bed the wall do you think that committee will go, like e-verify or a stuck on just solving the wall problem. and the dreamers? >> it goes beyond the wall. it say very parochial but important issue, the iet i.c.e.d is an important issue. unfortunately the democrats want to reduce the i.c.e. beds, the illegal immigration is up, it has tipped up, if there are not enough beds, they will have to catch and release, democrats know, that unfortunately many of them want that, we cannot have, that the i.c.e. bed issue important. and 24% of government that was shut down, the bills we did not agree on.

homeland security was one of those, there were others out there we need to agree on. i think there is room, good thing there is room and flex bill tie because of those -- flexibility because of those bills. >> do you think that the democrats or some in leadership really want a comp monthsive deaa comp comprehensive dealon ? >> steve, i would have thought two year ago, that democrats would have jumped on president trump's very courageous move to put daca on the table, there was a time it was the not discussed. it was forbidden. now it has been put on the table, they have walked away from it really, i can't -- i really can't imagine the situation where daca supporters in this country are not furious with the democrats, they actually with the beginning of a deal process there. that will give them potentially

3 years to avoid any type of deportation. and the like. i don't know if they are -- they had an opportunity and they pasn it. >> are the reports going to reps going on pound that issue. how about a free path to full legal is thizatio citizenship, e democrats in a corner. >> candidly, i don't think that is where we are as a party, or we are as a nation that going a bit too far, i think perhaps putting something ho out to work toward a compromise. but the democracies have taken it off the table, they don't want to negotiate on that. when you negotiate in a two-party system, if one party wants to take it off the table, it does not get addressed. >> i am surprised by some of your comments. the congresswoman in my area. >> nice lady.

>> you know, the daca recipients they want permanent status, it is surprising you want permanent funding for a wall but not permanent status. if it was wall plus permanent status, what would you do? i am assuming you don't want to keep a shut down. >> the shut down, i don't think will happen. i think everyone in the room, including the president do not want another shut down. that hurt. it was not good for the economy, not good for the entire process. however, it is a nonstarter, because the democrats right now have taken daca off the table. so, if it was an issue, we could address it we would read that and look at it, and see what is as. but the fact they said, it was a no go really surprised me. the people who spoke longest, nancy pelosi took to floor for about 8 hour filibuster,

basically to protect daca last year. now they have walked away from it there are other issues, that are more important to them. we just have to find out who those issues are and negotiate. >> this scott martin. what happens after friday, saying there is no deal. you mentioned the aversion for a shut down, what another extension for a couple more weeks, where you have ice cream together and figure something how the? >> well eternal ast optimist from me is we want a deal done friday, congress works better when we're up against deadlines. unless we say we're going to get it done, if we look at a delay tactic we don't. if we're moving closer and clock is about ready to run out it would be pre preferable to havea short-term solution to avoid a

shut down. david: last question, i have to ask whether or not president last night did not talk about an emergency dec declaration to fud the wall. are you disappointed or relieved he did not mention that last night? >> i think president did an outstanding job all across the board last night in his speech, it was a very -- >> specifically are you glad or unhappy. >> i am glad. i am very glad, it was a very smart tactical move. why put it out there, if it is not going to come into fruition. that would have signified we were headed for failure, i think we're headed to for success, les get it done. david: congressman gliesh fleishmann thank you. >> president trump calling nafta an historic blunder, now a prominent republican lawmaker said that the president needs a replacement for the trade deal,

and the replacement is not going anywhere, and nafta, maybe we'll stick with it, is he right. >> for years politicians promised them they would renegotiate for a better deal. but no one ever tried until now. each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. to be nobody but yourself in a world which is doing it's best

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>> for years politicians promised them they would renegotiate for a better deal. but no one ever tried until now. i hope you can mass the usmca into law so we can bring back our manufacturing jobs ensure that more cars are proudly stamped with our four beautiful words, made in the usa.

david: trump ou touting his renegotiation of trade deal, but senator toomey said we may not need a replacement. >> i don't believe that president has legal authority to withdraw from nafta, if result is we stay in current nafta, is has served us well. nafta has been a free trade agreement allowed tremendous increase in trade between our three countries. >> were we better off with old nafta deal. >> i don't think we were better off, i think that trade deals have to continue to iterate, nafta 25 years old. so there needs to be changes among the 3 countries. for most part toomey made usmca

doa . if you don't have a moderate republican supporting it, then i think you can kiss it good-bye. >> that is strange to me, look at numbers that nafta create the for canada and mexico. forget fact that we're buying over sens 70s% of their imports. so if you just look at numbers, i come from springfield, ohio, we had a industry ripped out as nafta came to be. those numbers alone tell you it needs to be renegotiating. they are not, 88ing. 88 -- equa. >> it tonall it, it only took 4s of show to agree. what robert said about senator toomey able to scuttle the deal, i think that white house puts

real pressure, the republicans will have a very hard time scuttling this. by the end was day they will put out goodies outside of the trade deal to get some democrats on board, they work with democrats to have stuff in there labor should like. i think that thing will pass. there is flaws in the new deal, but there is good stuff in it, recognizing pharmaceutical protecttion, intellectual property rights, they went backwards on autos, but overall it is better than no deal. and better than having president rip up the old nafta. i hope congress approved it, not perfect but better than nothing. >> i think it crazy that democratsy resisting it for political the reasons. he is doing it because he does not think it will pass. most of the deal was redone to give workers a get are shot, raising required wage rates to give american workers

competitive edge in making automobiles. and other product like that more local content. it astounds me when democrat pile on president trump for not supporting multilateral institutions, or whatever. here is an example where they are moving the wrong direction. i cannot understand other than pure base politics, why they would disapprove. >> they work closely with senator brown of ohio, far left as you can get, they thought he was a quiet lely, onboard then e got word, democrats hate trump, back off. david: is this an example of what happening with china, there is nothing that will be perfect, it will be an imperfect deal at best, but people have to live with it. without some kind of a deal, you can't go on. >> good thing about china that if they come up with this trillion dollar deal, i think they will, you will have energy

state democrat come onboard involving texas and louisiana, and agriculture onboard. and they will throw thins in manufacturing. it will be big enough where i think you can get a lot of support. >> they have to to carry states that were so negatively affected by nafta. why would you attack a renegotiation of nast ausmca, because you have all of industry that has been ripped out of ohio, pennsylvania, michigan. they are area that dems have to carry in 2020, they have to get those voters back. >> we should be clear. that was the republican senator of pennsylvania, saying he is for nafta 1.0 versus the "your world today." there was no democrat on that -- usmca. there was no democrat on there. >> democrats have been clear, they disagree with labor standards and environmental standards on usmca.

>> brown -- bottom line is that with trade deals they make strange bed fellows politically speaking, when bill clinton create the of in the -- nafta, a loot of democrats were again him. >> i am supportive of nafta 1.2, and i was support of tpp. the breast wathe -- best way tok cheefna witchinais with tpp . -- and canada, and which was men dmeant todiscourage the countri. in world we live in. we have to take what we request. and i am glad we're not blowing up nafta. david: back to new york city, former mayor bloomberg is joining critics against tax

breaks for amazon, what has changed? new york congressman lee zeldin is here to sound off next.

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david: a battle of billionaires, michael bloomberg is blasting jeff be bezos in the headquartes two new deal. it is just right across river but reason they came here was not the tax breaks they got, which i did not think they needed. is the presidential hopeful changing his opportunity on subsidies -- his opportunit tunq subsidies to gette to better pon himself for 2020, thank you for joining us, mayor blumberg made all kinds of deals, why do you think he is changing hig changie now. >> some of other statements, policy positions that mayor has taken it clear he is looking at 2020 presidential race. he may very well get into it,

here is an issue where whether it is a democratic primary, you it is whether messaging or policies, a loot of primary voters look at it at corporate welfare to the company where head of it is making sometimes billions of dollars in a single day, then you transition to general election, an issue where many republicans conservatives believe you should not pick winners and losers, best thing to do rather than putting together a package like that to lure amazon, a state like new york should improve business business climate providing tax relief, and regulatory relief, that is the way to gettingse too grow in new york. it is a good position to have. by the way, you know some most vocal critics of it, you have alexandria ocasio-cortez, freshman rep from the area. you know he is thinking about a

primary trying to get votes it helps from that stand point to get to the heart of that democratic base. >> congressman this is scott martin. i love who you said, the problem is rooted in the local states, and municipalities with high taxes, if you look at areas like texas, they don't have problems like this,. texas does not have tax issues, new york does, illinois does, california, wisconsin, what are local states or municipalities going to do to go forward if they want it lure businesses there. >> they will raise taxes more. they don't believe they have a revenue problem, yesterday governor cuomo was talking out of nowhere he found a multibillion dollar deficit, he flames thblames to local and stx

deduction. it because state and local taxes are as high as they are, there is a reason that new yorkers are leaving, whether personal sydor corporations as well. i actually would predict that it will get worse not better, because people like governor cuomo, they are also thinking about maybe they might want to run for president. >> congressman, this is steve forbes, what will it take for people like governor cuomo and new york, governor murphy in my home state of new jersey, never seem to have found a tax they did not like. what will make them see reason, why don't voters plo throw them. >> when governor cuomo came to office that year we passed the first tax cap. but that very quickly, has changed, now he believes his

tough work is done, i would not expect cuom t cuomo to come aroi think he believes as far as tax we leave goes, his job is done, time to pat himself to the back, and looking for running for president. i think that he looks at these deficits and debt as someone else's problem, whoever the next governor is, it is their burden to fix it. >> congressman, go back to our other point, it does seem that city council and everyone involved is trying to make it as unpleasant for amazon to sit up shop, which is amazing. they are kind of talking about you know are you going to union, all these things that i can't believe amazon did not consider ahead of time, this is at a surprise there is a anticorporate sentiment in new york city. do have you any insight to that. >> i think, first, on city

council front and local state elected officials, who have been weighing in. i believe that it is a great thing if amazon comes in, we provided a business climate that lures them, we have proximity to new york city, east end of long island is beautiful, we have beaches and great opportunity on education front, there is a reason why people live here and love here, it is it appealing, u have to aimprove the be climate, i remember, not that long ago where there was a tax proposed on hedge fund managers, and while new york state proposed that tax, it is real popular to tap to resentment some base has toward success, governor of connecticut personally called the ceos, of hedge funds, saying move to connecticut, and that is the breaking point. where other governors view their role -- that was past governor

of connecticut. , unfortunately, it is hard to get a return a phone call from state of new york, not just governor. >> congressman zeldin from new york thank you. >> thank you. david: facebook said it wants to change its public image and be a force for good in the world, wait until you hear how they plan to do that. we have details next. [friend] i've never seen that before. ♪ ♪ .. ♪ hoo - want to take your next vacation to new heights?

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david: facebook says it's going to bring about change by changing the way they give out bonuses. they are trying tone season toughize workers to do the most of social good. >> i'm not sure user growth was the right metric.

i'm not sure anyone is going to understand how they are going to get a bonus. >> i wonder who is going to measure social good? house th -- who is the arbiter f what is social good? >> they have the moppy to give out. this is the free market to channel my inner steve forbes. the free markets will figure this out. if they are not good, stockholders and investors will walk away. >> in term of facebook, if it's encouraging people to help out, if people are helped, fine. david: they say we are incentivizing people to make progress on the major social

issues facing the internet. >> facebook from day one has always wanted to be a socially positive element. but it ain't happening, right? president trump: tonight i'm asking you to defend our very dangerous southern border out of love and devotion to our fellow citizens and to our country. this is a moral issue. the state of our southern border is a threat to the safety, security and financial well-being of all americans. we have a moral duty to create an immigration system that protects the lives and jobs of our