tv Bulls Bears FOX Business February 25, 2019 5:00pm-6:00pm EST
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$2700. melis melissa? melissa: thank you so much. this is her effort to turn the page on the whole dna thing. connell: right. that whole thing. she's saying she's getting into bernie sanders' wheel house. that's what he does. he raises -- melissa: he also goes to big donors. connell: thanks for joining us. melissa: "bulls & bears" starts now. david: as our national debt is now soaring past $22 trillion, democratic presidential hopefuls like kamala harris are still buying into the green new deal, saying we can all afford the hefty price tag on progressive proposals. hi, everybody. this is "bulls & bears." joining me to respond to this and more, liz peek, robert wolf, morgan ortegas and gary kaltbaum. >> no question we have to be practical. but being practical also recognizes that climate change is an existential threat to us as human beings. it's not about a cost. it's about an investment. the question should be is it
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worth the cost in terms of the investment potential. are we going to get back more than we put in. david: senator harris says whatever the cost of the new green deal, however many trillions, we will get a return on our investment. what do you think? is she right? >> it's never about the cost. $22 trillion of debt, don't worry. i love how these politicians turn into ralph cramden when they are asked about actual numbers. there have been studies done, they are offering, they want to give federal jobs, if you weren't willing to get a job we will just pay you money. you name it, they are giving it. we're not talking about trillions, not talking about tens of trillions. it's a lot more than that. it's not doable. 20 miles west of me is disneyworld. inside disneyworld is fantasy land. that's where this whole green deal should be emanating from. >> well, i would say we should not ignore climate change, and someone needs to be bold and
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start the conversation. i don't have issues that they are aspirational candidates. we just elected an aspirational candidate who said build the wall and mexico's paying for it. people say populist things. the country likes to hear that. with respect to what we need to do, i heard a fact that 17, literally 1,000 year events have taken place in the last ten years with respect to floods, hurricanes, tornadoes, wildfires. there's an issue. we can all see it. but how we rectify it, i don't think we have a good answer. >> i would agree that we don't have a very good answer but i think what's a very bad answer is to turn our entire economy upside down on the premise that 40, 50 years from now, climate change is going to cost our economy $500 billion a year in lost income. that is minute and so the bottom line is, climate change for the united states right now is a far distant threat. right now, our much more imminent threat is we have people who don't have jobs and
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my preference, president trump's preference, has been to get the economy growing, get those people jobs, and by the way, the private sector is addressing climate change. every year there are advances in electric cars, there are advances in clean coal. all these kinds of things. we are bringing down emissions in this country because we are solving the problem. i don't think we need bureaucrats in washington telling us how to do it. david: morgan? >> right. well, sorry, here on remote. i think the issue here when we look at this is how do young people respond to this, in either party. and there are several paths we could go. we could go the way aoc is talking about and go for more regulation, for more government subsidies, bigger burdens on the taxpayers, or look at alternative proposals that actually address the concern many right of center young entrepreneurs have like, for
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example, perhaps a carbon neutral tax to address some of these. looking at it more from an infrastructure perspective than just maybe perhaps a more comprehensive infrastructure deal than just more ways in which we are adding to the debt. i actually think among right of center young people there is an appetite to have this conversation. it's just not to have it in the same context we have been having it in. >> this is a bunch of authoritarian b.s. that's what it comes down to. these are people that have never run businesses and they want to control everything in our lives. it's all about redistributing, they have been talking about how billionaires are immoral and they have too much money, they want to move one thing to the other, the other to another thing, and they don't even want to tell us how much it costs. we know how much it costs. watch the economy head south. i love the fact that nobody is even talking about the airplane thing. they want to get rid of airplanes and jets are bad. i just came from israel. i don't think i would have been
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able to swim all the way here, yet it was actually in that proposal which has now gone by the wayside. >> gary, you are taking it to just an extreme version as they are. there is a middle ground, where normal common-sense americans and business owners are worried about the climate and would like to address it in a common sense approach. >> morgan, we are doing that. >> there is a middle ground but there is no middle ground with these people. they are left of left of left. when they come out with proposals like this, that is who they are. they want control. they want to dictate -- it's all about our rights. whatever happened to we, the people? they wanted to make it we, the government. we have to put our foot down now before it even gets rolling. >> gary, you know that's not how it works. what would be called this embryonic stage moves into a political debate, then has to pass congress. it may or may not pass but some of the things that important, we shouldn't look at renewables as
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a good thing? we don't think we should re retrofit buildings? we don't think what's going on with the wildfires or floods, that's normal? there absolutely needs to be a change we have to prepare for. what i think everyone is saying well, it's not today. well, we didn't think a lot of these things would happen already but they're happening. we have to be prepared for it. david: there's a problem here, which is that we're not talking about, which is the green new deal is not just about green stuff. it's also about rearranging our economy in the way that gary was suggesting, which would be a dramatic change in the way americans live. >> a green new deal is not passing congress. just likes mexico's building the wall. david: why have most of the democrat political candidates for president already endorsed the green deal? >> a lot of the presidential candidates that will be are not, klobuchar, sherrod brown, biden
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won't be. it's a debate to be had. it has not been had yet. >> to robert's point, the green new deal is actually dividing the democratic party and most of the 2020 candidates. we actually have some sound of kamala harris addressing this over the weekend. >> i just introduced green new deal two weeks ago and it's creating all of this conversation, why, because no one else has even tried. people are like oh, it's unrealistic, oh, it's vague, oh, it doesn't address this little minute thing. i'm like you try. you do it. because you're not. because you're not. so until you do it, i'm the boss. how about that. david: i'm the boss. >> clearly aoc and not kamala harris. sorry. sorry, senator harris. didn't mean to confuse the two. my little sister when we were younger used to run around when she was a toddler and scream i'm the boss. that was sort of the equivalent of what we just saw. david: who is the boss?
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you have a democrat party that half of them or more than half of the presidential contenders have endorsed the green deal. she says she's the boss. dianne feinstein and dick durbin say no. >> the boss is the people of the united states. >> thank you. >> we have had any number of opportunities to vote on green kind of deals on different states, carbon taxes and other things, and generally speaking, polling shows americans are concerned about climate change but when it comes down to actually paying for significant change, they won't do it. i also want to say, we have got lots of things going on in this country that are addressing climate change. we have subsidies for wind farms and for renewable fuels, the whole ethanol scam which is what it is was supposed to address climate change. by the way, that's a little bit of a learning moment, right? that was supposed to be the big new thing and it didn't work. >> we are going towards electric cars. we are going towards green. we are going towards renewables. the market is working very, very well.
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this is not about anything green, blue, red. this is about control. this is about a bunch of political hacks that want to control everything in our life. they want more taxes in their hands, to be able to spend the way they want to spend it. what they do is they create this big gigantic crisis and i'm not saying there isn't climate change. what i'm just saying is they are creating this big gigantic thing so we give it up to them. i was told 30 years ago it was global cooling. al gore 15 years ago said we have ten years until the end and it's 15 years later, and now you got aoc telling us within 12 years, we are going to be all dead anyhow. >> gary, just to be clear, you are against the green new deal. >> you got it. david: he's not neutral. i also wonder what -- i can understand why people like dianne feinstein and dick durbin
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and moderate democrats are upset at the fact she said nobody has done it before, nobody showed any interest, i'm the one who's doing it, until somebody steps up, i'm the boss. the fact is, president obama had some green deals, didn't he? >> just for clarity, speaker pelosi, okay, called it the green dream. okay? we should be clear. this is not passed anything. i know you all want to put aoc on this -- david: i'm not running for president as a democrat but there are 15 people who are. >> i want to stand up and take the other side of the trade deal. >> gary, not accurate. you had bloomberg up on the screen. he's absolutely been at the forefront for climate change. i would call him a moderate. he's not supporting the aoc deal. so there's a difference of people saying we should have a green deal and those saying you have michael bloomberg on, he's not supporting it. i haven't heard beto come out for it. there's a difference when they
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say i support a green deal and then one says let's start with this and see where we go. >> nonetheless, a lot of democrats have weighed in positively on this. in reality it's not a good idea. >> a friend of fox business, doug egan, $93 trillion, he's added up everything -- >> only $93 trillion, right? david: right. all right. >> i think i heard you say mexico was paying for the wall, so don't worry. >> i did not, thank you. david: one thing everybody agrees with, politicians make a lot of promises that are never kept. a former federal reserve chief is not holding back. what janet yellen just said in a new interview about president trump that is making big headlines. you may not have heard about it. we will play it for you, next. our grandparents checked their smartphones
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david: harsh criticism from former federal reserve chairwoman janet yellen over the president's knowledge of the economy. roll tape. >> do you think the president has a grasp of macro economic policy? >> no, i do not. >> tell me more. >> he's made comments about the fed having an exchange rate objective in order to support his trade plans or possibly targeting the u.s. balance of trade, and you know, i think comments like that shows a lack of understanding of the impact of the fed on the economy and appropriate policy goals. david: so who does understand the economy better? yellen or trump? what do you think, gang? >> okay. i would take basically trump's instincts over the fed's instincts. i think that's really what came into play last fall.
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president trump was critical of the fed for raising rates too quickly and forecasting even more rates as we went into what clearly was a slowing picture overseas. i think that's what the fed most ignored and guess what? it turned out that in fact, the markets anticipated the economy slowing because of all the fed rate hikes and it turned out president trump was right. in fact, then the fed backed off and a lot of economists came out of the woods and said you know what, that is true. inflation is under control, we see no spurring of growth above 3%. everything's fine. why are we doing it. >> i thought the fed was off when they did quantitative easing the third time. i also didn't think we needed nine straight rate hikes. to me, there's definitely issues with the fed. with respect on economics, i also don't think that when the president says that a trade deficit is losses and when he doesn't realize tariffs are
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taxes, those things i have issue with as well. so we can all learn from some of the mistakes. >> i think we can debate back and forth on who's right, the president versus the fed. i actually just take a lot of issue with the way that she conducted -- the way yellen conducted herself in the interview. it was surprising to me. listen, there is a long american history of presidents and their fed chairs not getting along, getting into arguments. they have never done it on twitter, of course. it's normally been in person. but to give the interview where she was clearly going after the president's intellect, his understanding of economics, it just plays into that narrative that i think really irritates a lot of people around the country who may or may not have voted for the president when it's -- when you talk down to him like that, you are talking down to millions and millions of people who voted for him, and i think the way she conducted herself in that interview, it was beneath the office that she previously held. >> the fed was too easy enabling
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the real estate bubble which crashed the bubble. bernanke and yellen missed the bubble, got everything wrong, takes rates down to 0% for eight years, creating another asset bubble, screwing the savers of this great country of ours, and she's trying to tell us who knows what on the economy. i don't think so. we should have been abolishing the fed a very long time ago. they continue to manipulate and rig interest rates in order to do their bidding and all it's done is enable $22 trillion of our debt that i don't think will ever be paid back and hopefully does not blow up one day. >> i do think it's interesting to look at the fed over a long spectrum. it's been in business for 105 years. only once, according to some people who follow these sorts of things has the fed been able to slow the economy without causing recession. that is to say, follow its
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mandate which is to basically provide jobs and control inflation. they have not been particularly successful in that over time. so it is amazing that we give them so much latitude and power in trying to direct our economy. some people think that's a mistake. david: if we can pull back just a second here, what you have is a pure academic, janet yellen, and a pure businessman, donald trump. no wonder they have disagreements. frankly, for my money, the american people elected a guy who was a businessman. they said we have had it with academics. we had president obama is an academic. we weren't satisfied with the job he did with the economy. are we going to take advice from an academic on how to make the economy even better than it's become? >> yeah. i think that's the question. does knowing economic theory and every in and out of microeconomics really make you a better judge what to do about the economy? not necessarily. >> every answer from these people is easy money and lower rates, and again, i have to go
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back, it screws the savers, risks income investments, there aren't any more and that is a shame. for me, it's a con. who knows what's at the end of this asset bubble. i can tell you about people buying art for $250 million and $900,000 dollar shacks in san francisco. something is up and this was created by them over the years. david: morgan, you wanted to get in? go ahead. >> thank you. i think i forgot what i was going to say. i was listening to gary's diatribe there. david: by the way, does anybody have any idea when the tweet is going to come out? because we know this president doesn't take criticism well, right? >> we shouldn't be that surprised when these individuals leave congress or they leave the administration, or they leave the fed, they write books, they go on the speaker circuit.
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if they don't have something that's newsworthy to say, they are not being hired. david: all right. protests over patriotism and profits. why some microsoft employees are now demanding the tech giant cancel a big lucrative contract with the united states military. details on that coming next. 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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david: nearly 100 american workers at microsoft are now demanding that the company drop a $480 million contract with u.s. army, saying they didn't join the company to develop weapons and they are demanding a say in how their work is used. microsoft says it's still committed to the project but should these staff demands be considered? what do you think? >> heck, no, in two words. if i were microsoft, maybe i would fly these people to some army bases, maybe kandahar, and have them meet the wonderful,
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magnificent, brave soldiers in our army, navy, air force, marines, and what a great job they do to protect their right to have a voice and disagree. this is a simple easy thing for microsoft. i would ignore them and move on. >> yeah, gary, i couldn't agree with you more. it's just so disheartening to see your fellow americans having this sort of attitude, saying that it is a private company and citizens can deal with their problems with management. this is unfortunately not the first time that we have seen this, right. we saw that alphabet google employees were also similarly protesting over a contract it had with the pentagon. meanwhile, many of these tech businesses that have been very altruistic nature worry about doing business with the u.s. military, yet they are doing business in some of the most nefarious places on the planet, like china. you can go through the list of countries where they do business with huge human rights errors
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and atrocities that are dealt with on a daily basis. so that intellectual inconsistency among their employees is very saddening but i think this is something we have to look at as it relates to the tech community. in general, there's a very libertarian slash liberal streak here which these people do not want to do service with the greatest military on earth. that is a big problem. >> yeah. i don't think anyone could have said it, articulated it better than morgan just said it. david: she is a member of the armed services. >> kudos to obviously all your amazing work, morgan. >> one part of me, i like that microsoft is hearing from their employees. then i would respectfully respond that we are proud to actually serve the military. we are proud to help them make sure they have the best technology, the best equipment and we are proud of it and they should push back with a very clear statement. >> i think it's worth noting, too, that in this particular realm, china is actually ahead
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of us. they are supplying their military with exactly the same kind of materials that microsoft is talking about. we are not talking about weapons here. we are talking about ai-enhanced, i don't know what. i'm not sure exactly what this is. but it's nothing to do with something that's going to actually prove lethal to anybody else. but if we are actually in conflict with china which i think we are, we need to be cognizant of what they are doing. they are moving ahead of us. david: great point. in fact, the fact is that there is a private company that deals with stuff that can be used by the military in china. they are all basically controlled by the government. we are facing at the very least a competitor, at the very worst an enemy who is actually using all of their technology, that they steal and companies like huawei develop for whatever purposes the government deems necessary. i think it's the least microsoft can do. >> yeah. i think that is the major difference between american
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companies and chinese companies. you hit the nail on the head, david. of course a lot of this technology is stolen but it's allowed them to proliferate much quicker than they would have, had they actually had to come up with their own intellectual property. but again, that's what makes america so great is that our private companies can have people that dissent. i completely disagree with them but you can have people that dissent, you can have people that can have varying opinions. we want to of course, as people, you know, around politics and government, i don't want to interfere with a company, that's for the management to decide, but i will say we have a holistic problem in america when we have young people that would rather do business with china than their own military. we have a problem when young people don't understand the cold war, don't understand the perils of socialism, and this is bigger than just aoc, who we like to make fun of. this is ronald reagan talked about how we have to have freedom for every generation, democracy for every generation.
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we clearly need to make that case to this generation who are spoiled and pampered and don't really understand how much they benefit from the american dream that has been fought before them. david: i should say, it's americans like morgan who are making the sacrifices that allow the folks at microsoft to make the millions they are making. they should be very grateful for the work that you and others do. thank you. pressure is mounting for the u.s. and our allies to intervene in the crisis in venezuela. vice president mike pence sitting down for an exclusive interview with trish regan as he meets with venezuelan opposition leader. what he says the u.s. is now prepared to do to restore democracy in the nation. we are live in colombia with trish, next. >> we hope the diplomatic and economic pressure and the voice of nations around the world will result in a peaceful transition. all options are on the table. i wanted more from my copd medicine... ...that's why i've got the power of 1-2-3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment.
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military action, any talk of us engaging with the colombians or brazilians to force him out? >> well, president trump has made it clear that while we hope for a peaceful transition, we hope the diplomatic and economic pressure and the voice of nations around the world will result in a peaceful transition. all option ars on the table. trish: did you discuss all options? >> we are simply not going to allow a regime that terrorizes and oppresses and brings such deprivation and poverty to its people to continue. david: vice president mike pence of course ramping up the pressure on nicholas maduro, warning that all options are on the table when it comes to possible military intervention in venezuela. the vice president is in colombia meeting with opposition leader juan guaido and that's also where trish regan is. trish has a great exclusive
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interview with the vice president that will run fully tonight on her show which of course begins at 8:00 p.m. trish, how far do you think we as a country, based on your interview with the vice president, are willing to go to restore democracy in venezuela? trish: well, david, i think that's the question everybody wants answered. what i can tell you is this. the administration has very much taken a position on this. mike pence, our vice president, has very much been out in front of this issue. he has said every time i've spoken to him about how much the president of the united states has been interested in this from day one, and has been following it very closely. i did speak recently with the president as well, who told me a similar stance which is that all options are on the table. you heard mike pence reiterate that today along with meeting with juan guaido and meeting with the president of colombia,
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meeting with the vice president of brazil, really trying to build some consensus here in latin america, of which there already is, i should point out, because everyone in the free world that looks at what has happened to venezuela, what has happened to the people over the last 20 years, what has happened to that economy, they all agree that it is the fault of hugo chavez and now most recently, nicholas maduro. nicholas maduro therefore cannot stay. he cannot stay and be allowed to hurt his people as he has been doing. he cannot be allowed to leave them starving, to leave them with no access to the food and medicine that they so desperately need, and it's unclear how far the administration is willing to take this, but i can tell you that knowing who these folks are, when they say something, they mean it and they are here because they mean it. >> trish, i just want to thank you once again for keeping this
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at the forefront of americans' minds. no one has been on this story more than you. it's incredibly important. what's fascinating to me is the whole of government approach that this administration has taken. almost since day one. specifically with the treasury department and secretary mnuchin, putting sanctions on the maduro regime from the day that mnuchin was sworn in and just today, more sanctions on four more venezuelan governors, maduro cronies. what effect do you think the new sanctions will have? trish: i would imagine, morgan, that any of those cronies of maduro's are starting to think twice about where they have decided to put all their eggs in terms of that basket, because now they are cut off. maduro is cut off financially from the rest of the world, and now increasingly, anybody associated with him is cut off. let's not forget, it's not as though these are folks that are
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engaging in this kind of regime for altruistic purposes, because they want to make sure they are helping the people of venezuela. they are helping themselves. they are helping themselves financially. so when they no longer have the ability to help themselves and continue growing their finances, then one would have to think they are going to stop and they are going to think about what they're doing. you know, i have always said as tough as sanctions are, they hurt the people and that's never desirable, they do have the intended consequence of going after those that are trying to prosper in this environment. and i think as we are trying to put pressure here and trying to do this in a civil enough way where we don't have to actually go and extract him, sanctions are a tool that the government can use and can use pretty producti productively. that's why it's important that maduro listen to what's actually happening right now, because
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there's a chance, i would say a very narrow window, a narrow opportunity for him and his cronies to take the deal, so to speak, and get out of this, go live somewhere else for the rest of their lives. one would hate to see this spiral into a situation that is not as fortuitous, for them, anyway, although there are those that might want to see that, too. the reality is the handwriting's on the wall. the international community isn't going to stand for it. the free world isn't going to stand for it. the sooner nicholas maduro gets that message, the better it is for him, the better it is for his country. >> trish, it's robert. looking forward to watching you tonight. two questions. one, what was the biggest surprise that the vice president said to you in the interview that you kind of had your wow moment, and then secondly, where is china and russia in on all this with respect to, you know, it's easy to say hey, there
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could be military action although no one ever wants military action, especially if some of our adversaries are obviously siding with maduro. trish: look, you are absolutely right. i don't think that's anyone's first choice here. this is why i remain convinced that using the tools that we have to choke him off from the rest of the world remains the best option at this point. eventually, we may reach a point where you say okay, we actually really need to intervene in a bigger way, but in terms of china and russia, i actually asked him that very question, robert, and you know, it's clear he would like to see china and russia a little more involved. i think it's somewhat encouraging that you haven't seen vladimir putin out there with his arm around maduro, or you know, spouting how he wants to help venezuela. he's remained relatively at least in the united states press and the american press very quiet on venezuela. perhaps that's encouraging.
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i think the chinese just want to get their money back, so that's encouraging for us as well. there may be some wiggle room there for a deal with the u.s. as far as a wow moment, you know, i had a logistics question and that's that juan guaido, and i talked to him today and talked to his wife as well, juan guaido is here right now in bogota, colombia but he said he plans to go back, he wants to go back to venezuela tomorrow. given that maduro has said you can't leave the country, what kind of risk is guaido at, what kind of position is he in, is he trying to cross back into the country, is maduro going to say now you're arrested and we will throw you in jail and that's the end of it because you broke our so-called law? i think they have to think through some of these things because his safety is obviously quite paramount. david: trish, we really look forward to the show tonight.
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8:00 p.m. eastern time. you can see the full interview with the vice president. i'm going to be on with trish. she's been cordial enough to invite me on. we will talk about not only venezuela, but how the repercussions might be felt in places like cuba and nicaragua which desperately need change as well. great work today. thank you very much for being here. appreciate it. trish: thanks, david. david: bill maher making headlines after he bashed middle america. why he also says amazon needs to ditch the big cities and focus on flyover country. ♪ ♪ you got a side that wants more space, ♪ ♪ 'cause every day starts like a race. ♪ ♪ you got a side that loves that style, ♪ ♪ but to fit in those shoes gonna take awhile. ♪ ♪ today life's got you runnin'. ♪ ♪ tomorrow big things are comin'. ♪
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the flyover states have become the passed over states. that why red state voters are so ticked off. they don't hate us. they want to be us. they want to go to the party. like we're the british royal family and they're meghan markle's dad. how do i know this? because 238 cities and regions submitted proposals to amazon for the company to locate in their area. all desperate for jobs that don't involve guarding prisoners or murdering chickens. and amazon picked two places
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that didn't need them at all. places where prosperity already was. bezos, you're worth $130 billion. take one for the team. stop playing cities off against one another and help a dying one come back to life. david: typically snide bill maher slamming alson fmazon for passing over middle america but would tech workers move from the dpoef coast for a company like amazon. jeremy owens, an amazon job is a pretty big thing. it pays well, it's great on your resume. do you really need to add new york to kind of sweeten the deal? couldn't you open up a place in nebraska, for example, and expect workers to go there? >> amazon has opened up plenty of places in nebraska and elsewhere. they're called warehouses. they're not high profile good jobs. amazon has a lot of jobs that are very low-paying and this
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type of work. if you're looking for actual tech jobs, you are going to put those places where the tech workers are which is typically the large cities. >> jeremy, gary kaltbaum here. what do you make of a man whose studio is in studio city, los angeles, trying to tell another company that they should not be in big cities and then trying to tell the people in these other states how they should think and what they should do? >> i don't know. what do i think about all of y'all in new york trying to tell jeff bezos what he should do? who am i to tell jeff bezos what he should do, right? we can all be attacked like that, right? he was bringing up a decent point. the thing is, amazon and all these tech companies are not going to put anything besides a data center in the boonies. even when they do go to red states they go to the large blue cities in those red states. sales force opened up a big hub in indianapolis. pandora is moving its operations to atlanta from oakland. austin, texas is a really lar
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large -- a lot of these silicon valley companies have offices there. what he was trying to make a point is not going to happen but what he's not saying is there are a lot of red states with a lot of large tech operations there. >> i think the question is could amazon be big enough in one of these places to create its own tech hub and create its own environment in a sense? yes, new york has a lot of young tech workers, people who want to be in that industry but guess what, there are a lot of employers there, too, so wages will be pretty high, it will be pretty stiff competition for those workers. i always thought it was kind of an odd thing to go where everybody else is. bill maher is beyond snotty about middle america and the red flyover states. i am so tired of the coastal elites having that kind of attitude towards the heartland of this country. but he has something important to say about maybe diversifying the sort of wealth creation that's going on in this industry.
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>> i can see trying to push companies toward that. but you are asking a company to take a really big gamble, right, go build something out in the middle of nowhere and see if people come. you won't even know for years if they're going to come or if they are coming. at that point you are kind of stuck with them. i sense that you can see that, i think a lot of companies here in silicon valley are allowing workers once they get to a certain age to kind of move out and do their own thing from wherever they want to do. that's smart, right? as somebody who lives in the bay area, when you reach your 30s and maybe get married and want to have kids, you are going to run into issues of buying a house in the bay area. if you work for one of these big tech companies and they allow you to move to omaha, you can buy a decent house and still work for them. i think that's kind of where they are going to head instead of trying to say let's try and track hundreds of thousands of people, attract them to some other state, instead of just saying we have these workers who want to go elsewhere, let's let them go wherever they want. >> come on, people. the day after the oscars, this is a great movie.
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this is build it, they will come. this is "field of dreams." who are we kidding? we always thought oh, finance could only happen in new york. no, not true. by the way, tech doesn't only happen in silicon valley. no, not true. a few years ago there was no real tech in new york, okay? if amazon built a state of the art center and they were looking for engineers, and they were looking for people that focused on s.t.e.m., trust me, there would be tons of people applying, okay. like i said, day after oscars, voted for the best movie. david: got to leave it at that. "field of dreams" great way to end it. jeremy, thank you very much. good stuff. appreciate you coming in. >> thanks for having me. david: president trump tells opec to take it easy as an oil and gas price spike. the impact he could have on prices ahead of 2020 is next.
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after president trump took to twitter to criticize opec. he tweeted the world cannot take a price hike. fragile! will president trump be able to talk gas prices down through the 2020 election? >> he's done a pretty good job of it the last two years. there is no democrat or republican who wants high oil prices at the pump. it's just a political reality. when you look at what's going on in the geopolitical background. the united states has significant sanctions against venezuela's major oil producers. opec agreed to curb 1.2 million barrels per day.
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i think you will see the president lean heavily on our gulf allies, saudi arabia and uae, and others he has given cover from a geopolitical expectr perspective. >> the president is watching every tick in the market, and i give him credit for the stock market as he had jay powell do a 180. if it's up to the president he'll have the dow up to 30,000 by the election. >> we have a huge -- we have the hugest oil industry in this country, and they don't want prices at $25. president trump will jawbone to make sure gasoline prices don't go up much more. american consumers are doing just fine. i think this wasted energy on his part at this moment. but it will come up again. you can be sure of it.
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>> not surprising. presidents always talk about opening reserves. they want prices to be lower,s specially going into the summertime. david: we'll see you next time. president trump: how well we did with our trade talks with china. it looks like they will be coming back quickly again and we'll have a new summit. we'll have a signing summit which is even better. hopefully we'll get that completed. we are getting very, very close. it's incredible with that wall has donnell. that's not even the best of our walls. we have a great system thousand. we have a prototype. i expect to have 250 to 300 miles of wall built in the very near future. liz: president trump says a signing summit with china is coming up over the
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