thank you for coming. we will continue to follow the spirit. >> thank you. >> i hope the message gets out. >> we will see. but it sounds like they are doing a better job, right? >> i hope so. that does it for us. >> yes it does! bulls and bears starts now. >> wall street in the crosshairs. house democrats proposing a new plan tonight to tax the wealthy setting their sites specifically on financial transactions. we will look at the impact this could have on the future of investing in america. hi everybody i am david asman. this is bulls and bears.join me on the panel take, -- dowson democrats unveiled their plan tonight led by oregon congressman, peter defazio it is his bill. it is cosponsored by alexandria ocasio-cortez and a dozen other democrats from the house financial services committee.

there is a sister bill being considered in the senate as well. the bill would impose a tax on the purchase of mo securities including stocks, bonds and transactions as well as derivatives. the joint committee on taxation says it could raise $777 billion over the next 10 years. folks, do we need this tax? what do you think? >> i know this will be a big surprise to everyone here! but this is a solid no from me. the reality is, this is a sales tax on investors. under the guise of we are going after big bad greeting mean was repaired every time congress tries to legislate something like this there are unintended consequences. whether that is in liquidity of the market, competitiveness of the markets, the returns that investors get, they will always be unintended issues and consequences. at the end of the day the

government has plenty of money so spend the money that you have more wisely and stop with taxation. >> they will pitch this is there going after the high-frequency traders as a way to do this. it is not a casino because casinos are not fixed. wall street is fixed. that is a separate segment though we should do. [laughter] this is not the way to deal with this. it is not the high-frequency trading. and to me is another taxpayer carbon tax, high-frequency trading tax, whatever you want to put it is not a matter of revenue. because the one thing they want to accomplish is, they want one of two things. either a distribution of wealth or they want to stop oligarchy. it is simpler populism paranormal sticker for high frequency traders. it's a popular tax that might actually get through. i don't think it is a good thing but i think it could get through. >> .01 percent.

people that do they run their own trade or whatever then they would be exempt. the high-frequency traders and those shops i mean, i don't know, cause long-term they would note it but i don't know about the risk at taking abilities. >> this is not surprising. we have been talking about a transaction tax since the lehman weekend. this is what happens when an institution and financial services take money from the taxpayers. taxpayers will be talking about payback. ever since then. so this is not surprising. we've heard this on derivatives, stocks and bonds. they know they have this overseas in europe. so this is not new news. >> is absolutely true it would bring us -- and nothing is a good idea with pretty much in line with anyone else. >> transactions are global, security and bonds trade

globally. they have this elsewhere. i am not supportive of it because i was think at the end of the day i am for free capitol markets which respect securities.but if it is just limited to high-frequency trading, there is something to think about that. especially if you actually are not including the pensions and what i would say is the small individuals. >> from what i understand is not part. >> it will not pass. >> you don't think it will. the other question is, even if it does pass, i will be interested to know what the gang thinks. $777 billion is how much they think they will make from it over a 10 year period. as everyone knows, if you want less of something, you tax it. it would probably be less transactions as a result of this. it means they would not be making as much money, right? >> less transactions and then the applications as i was saying in the first part of the segment, the liquidity for the market. it is not a good thing. we want to encourage free market behavior, create the liquidity. and we don't want to mess there's a reason the u.s. is the preeminent financial market

in the world. because we have more free opportunities here.we do not want to go to the other markets. they should becoming and doing the things that we are doing if they want to be more competitive. >> the truth is -- >> to robert's point, especially in europe look at what happened in sweden, drove a lot of business out of the market but because they have the ability to go to the london market, when london put the same thing on several years later the trading dips only slightly.i don't think you see a huge dip in trading here. i still think you see the high-frequency guys go out and do what they do. i don't think you will raise as much money as you think you will raise. and if you have a high-frequency tax i don't have a problem with that. i just have a problem with in 1913 we enacted an income tax at seven percent of those above 500,000. five years later it was 73 percent. on those over a million. once you start grabbing money, taxes don't ever disappear, they get bigger. >> i want to add to what john said. i don't agree with carol

because it won't change the quality and amount of transactions in the system. at all. because we were doing that almost if he is, o my god, more transparency will limit the amount of transactions. the balance sheet went from 1 trillion to 2.3 trillion in uptime. we went from 18 times leverage 15 times. what reduces transaction is actually deleveraging in the system. and that's why we have less liquidity. there is not less transactions. there is less liquidity because people have reduced their balance sheet because they delivered. >> you do not think there'll be any less transactions with more taxes? >> it is a point o1 on frequency trading. let's not overdo what this is. >> but here is the challenge, you know that this opens the

door they always say that this is just going to be high-frequency trading and we are not going to touch this. by the time they finish it never ends up just being that. it ends up being something that is broader and having unintended consequences. we can't possibly manage to think of every particular consequence that we know every time something happens -- [multiple speakers] >> i'm just saying that i don't think this is going to pass and it's been a decade we are arguing over this. >> that i hope we agree on. >> i don't think it will pass either. and i do understand your point completely carol. unintended consequences, i think this is actually less of an annoyance than some of the dodd frank restrictions.>> i don't know i'm with john. john, i'm with you on this one. i remember the amt tax. initially was going to affect two dozen people in the united states of america. millionaires were getting away with not paying. now it is hitting millions and millions of people.

every tax increases. no tax gets smaller, it always gets bigger.this is eventually going to -- also there is the fact of $777 billion taken out of the private sector, out of the capitalist economy and put in the government economy. which as we know, just wastes a lot of the money it receives. i don't know if it will be put to good use. >> david, are we surprised that the financial services who took hundreds of billions of dollars, during the deepest every session that we have been through, that politicians think there should be a tax to offset the trickle-down economics that has not been working. >> i'm never surprised that politicians look to get more money to squeeze more money from wealthy people. but every time they tried, there was once a wealth tax focus just on luxury boats. ted kennedy was for that in the beginning. he had to withdraw his support of it a couple years later. because it brought in less revenue than they were making

otherwise. and all the boat manufacturers left the state of massachusetts. >> and david, another wall street guys are the smartest guys out there. so the high-frequency traders will find some way around this. and this is when it will end up hitting the unintended consequences. and hitting the average investor. and that is my number one concern because this happens every single time. >> out just like us to go around -- >> bernie sanders came out with this in 2016. he said he was going to pay for free colleges way. if we had a balanced budget right now and you're saying it won't pay down the debt i have no problem with the tax and high-frequency traders by the way.i think there's other day with them but all they want to do is redistribution of wealth. they are looking for more taxes. this is just a campaign pledge to do something out there and say, we stuck it to the rich fat guy! >> the u.s. debt is taking way. you think, $777 billion!

that could go to a good cause. >> but that money we know $777 billion will not go to work off the debt. they never write a check to pay off the debt. it's never happened! right? i mean what was left of they took in revenue and did not spend it as soon as they got it? or before they got it? >> exactly. >> is to reduce the deficit. which is at 1.4 trillion. okay? >> i bet they spend it before it goes into reducing the deficit. >> just my suggestion. [multiple speakers] >> since then you have politicians be politicians. >> one exception! i have to give robert his due. bill clinton was the last president to sit down and pass a budget that actually was not a deficit budget. but that was a while ago and it was with a republican congress when people were working well together. donald trump 's rating on the economy is hitting a brand-new high. democrats be able to compete with this in 2020? ♪

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get started today at customink.com. >> president trump approval rating on the economy reaching a new high. according to the latest gallup poll 56 percent of adults in the u.s. approve of his handling of the economy. this is the best mark of trump's presidency and highest approval rating for trump in any of the 14 issues in the pole. if it keeps climbing the question is, how will democrats compete with this in 2020? >> yeah, there is no question that with this pole, he is strongest on the economy.

the overall paul had him at 43 percent. which is significantly behind where clinton and obama were. at the same time. i think that for democrats to beat trump they have to be a pro core democrat this is a debate within the party. he cannot be at the populist left only and think at the end of the day that people will say, that person is best for the economy. they will be an incredible debate for the next year and 1/2. within the own party. then hopefully we picked the right individual, that can be president trump. >> the left voices are allowed to right now. they are more amplified. >> left, left. >> yes because they really are. to your point, robert, i think it is a centrist candidate for the trumpet ministers and is in -- he has done a good job in economy. no one else was willing to take on china for decades. the stock market and rbc there been ups and downs but growth has continued. the tax plan i guess we will

see when people get their refunds in the next few months but most people have reported a little bit of extra flexibility. the one issue that i think really is up for grabs, and we have a lot of proprietary researcher in the midterms. the number one issue, it was not partisan, completely agnostic, healthcare. i feel like whichever side of the aisle manages to come up with something that everybody identifies with as more or less logical considering -- more or less efficient as possible will get points. >> just to add to that, i've met with candidates and i say exactly what you are saying. there will be an aggressive issue of immigration, healthcare, gun reform. but you have to be a progrowth democrat to beat president trump because the economy is doing better. >> right, and in general if you are american why would you not want the economy to continue to grow? >> exactly and i cannot believe that robert and i are agreeing again! at the end of the day, -- [laughter]

at the end of the day, americans care what's happening in their savings account, in their pocketbook. and they will attribute that to trump. the reality is whether is direct or indirect, you're more people in the labor force. we have jobs abound, consumer confidence that goes up. i think the biggest risk he has is not from any of the democrats but just from the business cycle. if it does not continue the time the election comes around i think he has a bigger issue. but the economy is going well and especially if the democrats are touting more and more taxes, i don't think it is a beautiful strategy and i think that trump wins again. >> i think you're right, carol. it all depends on the economy here appeared on think the democrats will run a socialist candidate. 18 percent the country believes in socialism. that many people believe in bigfoot. there's a crazy factor out there that will believe in anything. right negative people that are spouting very extreme views

that get on the media all the time because it is entertaining to watch these extreme views. i don't think anyone, a moderate goes against president trump i think has the chance if the economy falters. which at some point, the economy has to falter. it is just a matter of time before a recession kicks in. if it kicks in before the next election, i think president trump was the election. if it stays strong i think president trump will win the next election quiteeasily. >> don't underestimate what deirdre said. in the midterms relearned, they were 40 seats , 34 moderate areas. and we also flipped wisconsin, we kept pennsylvania and we flipped michigan. so it is clear that healthcare is a right, not touting medicare for all but healthcare is a right was the number one issue. but you say you need a pro-business democrat. someone open that will be business friendly. almost all of the candidates we talked about, it is not exclusive but almost all are

going with the green new deal and other stuff that is very socialist minded in many ways. bloomberg just dropped out. who among the candidates is really going to be recognized as a strong business as president trump is?>> i would say different. i think all the candidates to get electricity and grassroots has to say they are for immigration, healthcare and climate change. and other areas of social good. criminal justice, but when it comes to the debates, they have to have a policy. in my opinion the policy they should take is the trickle-down economics is not working for them. i think it is a good policy. it is the one opposite of where trump has been that supplies economic. i'm not sure it will be the winning policy but that is where i will be. >> i think president trump won in a lot of areas there were unexpected peer wisconsin is one in particular because people said the current system is not working for me and people thought he would be able to clean up. we have to move on and john i know this is your favorite

subject. alexandria ocasio-cortez took a victory lap when amazon said they were quitting new york. now it appears she is changing her mind. public pressure coming from the likes of these billboards, have anything to do with that? is it all too little, too late? g [indistinct conversation] [friend] i've never seen that before. ♪ ♪ i have... ♪ >> alexandria ocasio-cortez, is

she having second thoughts about driving out amazon second headquarters out of new york? the chief of staff now sent she could possibly support a deal if the community is involved and consulted in the dealmaking process.but should amazon reconsider after everything they've gone through? what do you think? >> absolutely! 70 percent of new yorkers want this. i think new york is the

greatest city in the world i've lived there and i love the city. amazon will bring 25,000 jobs at hundred $50,000 each per year. you're talking about worker exploitation that aoc is document. a lot of people would live to be exploited for $150,000 per year. basically don't mess with jeff bezos. he goes nuclear on his first -- >> i will completely disagree with john. answer the amazon run in the other direction. if you are a man or woman and you find out that the person you're dating is crazy and they give you an out, run as fast and far as you can! don't get back together with them because it only gets worse. this is a courtship period. once your merit everything will go to hack in a handbasket so to speak. there are fantastic cities like chicago that would be thrilled to have amazon and a great infrastructure, smart people, lower cost of living. there are people who will appreciate you and love you for who you are, amazon! don't get back together.

>> i think means more jobs in the d.c. area and let's think about it, all the countless people can have their nieces and nephews and kids have great jobs and amazon. and maybe there becomes a little less pressure as time goes on for some. >> interesting idea. >> i'm glad that new york is trying to buy a mulligan. i just don't think it will work. i think that they have decided to leave. i hope i'm wrong. i think we made an incredible stupid, stupid move on our part. protesting this peer request do not include me. when you say our part. [laughter] >> what john is saying is true. i'm quoting word for word what ocasio-cortez said the data amazon said they were not going to do it. she said new yorkers defeated amazon 's corporate greed and it is worker exploitation. how does $150,000 per year for an amazon worker add up to

exploitation? worker exploitation, that is crazy! >> can i mention, david, while she was saying this, her campaign, if you look at the disclosures had almost 70 disbursements to amazon web services and amazon.com during her campaign. so she thought they were horrible and explicated and greedy and she use them anyway. so i think it says a lot. >> we have been on t.v. for 20 minutes and she has been 23 of them. so something is working well. >> she is getting her time! >> this is what -- [multiple speakers] >> i am not sure amazon leaving new york is a win. i am disappointed. >> one thing i am hopeful about is maybe she is learning and other people in congress are learning that they can't diss their constituent.

the constituents went to this. robert is not alone in being a democrat they want to the amazon deal to happen. a lot of democrats majority of new yorkers wanted that. maybe she is listening. or maybe i am hoping for too much. >> i just don't think she knows what she's talking about, period. she could've spent that money it was amazon 28 million -- 20 billion, 3 billion carbon tax credit. she is his outlandish claims that we will do a way with air travel and regulate cows doing things that they normally do. that just doesn't make sense. and thank goodness she's not representative of the entire democratic party. >> and what's interesting is governor cuomo, who did represent the state well, to our knowledge has not publicly, has not heard back yet from amazon. what we know, we do not know if they've heard back yet on anything but you know, listen,

maybe his begging -- >> beyond that, right now he is saying good things about millionaires in new york. saying how much we need them for their revenue. we have some breaking news, this is coming to us on commerce secretary wilbur ross and a house oversight committee. we have new details that only fox business has access to. edward? reporter: wilbur ross just asked to postpone his testimony in front of the house oversight and reform committee. the secretary voluntarily agreed to testify about the addition of a citizenship question on the census. in a march 14 hearing. here is a letter that was just sent to the house oversight committee over the past month or month and 1/2. the committee chairman has broadened the scope of questioning from the census. the committee has also asked secretary ross for his personal finances. for -- the department said they produce 5700 pages, documents and another 3000 still working

on the committee one of them all turned over by march 7. the commerce secretary and department of karma saying we simply cannot get them done in that time. they need a month to go over the documents and get them together so we can deal the questions from the broader scope of the hearing. secretary saying that he is not ducking the committee. he will voluntarily testify he still wants to testify. he just needs more time. possibly a month or more to look at the greater scope of documents.we have asked for comment from the house oversight committee. we have no comment as of yet. but we're still working on this as it is just developing. >> edward, thank you very much. coming up, one pharmaceutical company announcing that they will offer half-price generic version of a key drug that they have. is this a presidential promise fulfilled? that is next. all money managers might seem the same, but some give their clients cookie cutter portfolios.

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launching the most sweeping action in history. to lower the price of prescription drugs for the american people. we will have tougher negotiation. more competition, and much lower prices at the pharmacy counter. and it will start to take effect very soon. >> the president almost a year ago promising drug prices will be lowered soon in the immunization. this as eli lilly will have and a half off version of their popular insulin drug. join us now, fox news medical chris bennett, doctor marc siegel.is this an answer to a promissory one off gesture by a drug company? >> i think is the beginning. a very important first step. i think we're talking about life-saving drugs here.

insulin, 30 million diabetics, the 10 million that they can simply one or 2 million die without in some. type i diabetics. this is very serious and very important for the public face of a company like this to say you take this drug went from $35 a vial, about one month supply. up to $270 a vial in 2017 pages up almost 10 times over the course of 17 years. it is really, it cannot be justified by research and developing alone. they putting a generic version that is called lispro. it works just as well. this list price, as you know and have discussed many times, those prices are then transferred to the consumer in terms of higher co-pay. and if you have a high deductible your stuck paying out of pocket with that. >> i was want to know where does the money go?

because i'm going to take this back even further. i was reading something that said the cost of healthcare, not necessarily just the drug prices, is up hundred and 35 percent since the 1970s. i mean, we are struggling as a nation. where, when there are kind of these discounts, where does the money go? who is getting it? it is not people. >> the first point, there is nice price-- note price transparency. then you have the middle managers. the pharmacy benefit managers are busy negotiating prices down so by the time they get to the pharmacy, they no longer are $270 per vial. but guess where the money is going? the pocket of -- >> that's what i thought but i needed to hear from you! >> doctor siegel, the president said pharmaceutical prices will go down. i have to put you on the spot. we know it is not accurate. prices have gone up in the last five months.

>> i can argue the trend of how much it has gone up -- >> your talk about inflation rate of pharmaceutical. same thing with obama care by the way. the medical went down. i know that but i'm talking about absolute prices. >> i have a better answer. we start to see more generics and bio similars being approved. i talked about transparency. bio similar applies to instant. by the way can also use older insulins again that work just as well. the idea of the flashy new drug being the one that you have to have, we have to get rid of that idea and go back to it always worked. bio similar drugs are much cheaper. we will see more competition on the market. that is one way to drive some of this down. >> i am all for that in time for us being able to export drugs as long as they have the approval and match pricing. there's a lot of ways we can do this. >> i don't necessarily agree on that i want to see export taxes paid i don't want to see germany paying -- >> no, we should be able to buy those same prices.

they are exported and germany pays lower or france pays lower. ithink it is unfair . >> doctor siegel, carol roth here. i'm wondering, this is the one albatross that really hangs on the presidents neck in terms of a promise that did not go fulfilled. particularly when the republicans have -- had the house. why don't they come up with a more competence of, free-market type of plan on both the insurance side and coverage side? so we have more competition and we have more transparency. ultimately, it benefits the consumer. why do you think that is? >> you may not like my answer but ic some steps in the right direction. i think the individual mandate was a big step. someone has to come to the office with a high deductible. i cannot give them the care i am supposed to promise them. they pay a high premium that

has to be subsidized by the government. they are faced with a narrow network of doctors and hospitals. at least without the mandate we can see more choices. we can see more state waivers. we can see more variety and association plans even skinny plans of better than getting stuck if you are 27 years old with this overstuffed obama care plan. i think we have a long way to go. i think we are seeing more price transparency, and more twice to. >> me talk about price transparency you talk about the pharmacy benefit manager but you have a lot more than that. of the drugmaker, the wholesaler the pharmacy, pharmacy benefit manager and insurer. all of those guys are taking a large chunk out of this. we talk about transparency, there's almost 0. we talk about the final price bringing that down, it doesn't seem to make a lot of sense if you're not dealing with the entire chain. >> i completely agree with you. i use pbm 's as an example. i think the idea of the rebates not going to the middleman, whoever they are, i think the idea of getting rid of the gag rule at the pharmacy -- where

pharmacists can actually say to a patient that you're better off buying this on the side. this is a generic version cheaper. this is just the beginning of price transparency.we need this across the board so that patients can know how they are being treated. thank you doctor for being here. i appreciate it. should we worry about the real possibility of a socialist united states? legendary economist, says that our future is at risk. a smart guy. we will debate whether or not he is right. that is next. naysayer said no one would subscribe to a car the way they subscribe to movies. we don't follow the naysayers. ♪ ♪ we're finally going on the trip i've been promising.

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who we are as people and making everybody feel welcome. ordering custom ink t-shirts has been a really smart decision for our business. - [narrator] custom ink has hundreds of products and free shipping. upload your logo or start your design today at customink.com. >> socialism becomes more

mainstream, you have to wonder if america will go through a time when these policies will happen. here's a dire warning on what happens if we do. >> i do have a great fear that in the long run, we may not make it. and i hate to say that but and the one thing that keeps me from being -- of course, we

don't know. there are so many things we cannot possibly know. and so, we may make it. but i would not bet on it. >> wow! do you share the pessimism that this is -- and what would be? >> we see that the nine states spend more on a per capita basis of socialist systems than socialist canada. so what does that tell you? but in terms of the overall pessimism, we have to keep fighting the fight. and we have to keep fighting for free markets and capitalism for the government. thomas sowell is brilliant and he's absolutely right. if we continue to trend in that direction, it will be of dire consequence for america. >> i do not think he is right. and i don't know if he is brain or not because this is preposterous to me. i would bet everything on it. this country is full of

incredibly talented people. none of them are elected as politicians right now which is a problem. but we have gotten much worse. look at communism with that would ruin the country in the 50s and 60s. that brought up about mccarthyism. -- 1860s we had a civil war, we were president in the 70s, talk about communism to me is much ado about nothing. 18 percent of the country believes in socialism. that is all. this great state, whatever you want to call america, will fall one day. but not anytime soon. >> but john, we are already spending more on a per capita basis on socialist systems than canada. i mean, what you say about that? we are already partway there. we are ready a democratic socialist nation in some ways. >> i completely agree. $22 trillion in debt. it doesn't matter if you're republican or democrat is in office. we have a boom economy right

now. we should be running surpluses and we are running a trillion dollar deficit. i think there will be a day of reckoning. >> i feel that we are on the same page in a sense that one thing no matter who i speak with, no matter where they came from, if they want to start a business, they come here. and if you like our ip laws, they protect people, that's why we are fighting so much with china. i think between us and germany we have and maybe the uk may be, the three most globally recognized systems and as long as that stays in place, there is more than a fighting chance for us. >> i would also disagree with the individual from the hoover institute. i am not sold. >> he deserves a nobel prize. [laughter] >> that pessimistic view is incredibly surprising to me. especially someone from the hoover institute. because the hoover institute probably, 99 percent agree with

president trump. so it is surprising to me that he would be that pessimistic today and i will let john and carol battle it out because -- >> let me just throw something out there. because i have known professor thomas sowell for decades now. the fact is, he deals with all kinds of folks. he was at harvard, he was at howard university, he is now at stanford. i mean this is a guy that deals in academia. what scares him the most is the education that these academics are imparting a peoplelike , i will not even use her name. all kinds of people -- [laughter] drawn towards this. [multiple speakers] >> what about that? >> go ahead. >> i was just going to say, i agree. first of all david, we were talking. thomas sowell used to be a marxist and learn the errors of his ways.

now one of the biggest opponents of free-market capitalism. i think what he is trying to communicate is that there is that sense of urgency. but then the education system and educating the young people. but just overall not getting complacent and letting the socialism creep in and become a bigger issue because we need to take back those capitalistic free-market principles that we are founded on. >> is a subject we could spend an hour talking about. we have to move on. forbes magazine releasing its annual world billionaires list. what's more fun than that? the pic for youngest self-made billionaire of alltime. 21-year-old, kylie jenner , raising some eyebrows. forbes magazine assistant editor, will join us next.

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david: the "forbes" magazine is out with their youngest billionaires. 21-year-old kiley jenner is worth $1 billion, taking the title of youngest billion air ever. she is just 21. mark zuckerberg was 23. david: it's the self-made part. she comes from a family that's world famous. >> there are so many people on this list that got a helping hand whether it's going to an ivy league school. but she didn't inherit the business and she created it herself. >> how much heat are you getting for this. but that family has marketing

down to a t, social marketing down to a t. >> money for nothing and clicks for free. this is a selfie billionaire. she made this fortune spending basically no imloin, pumping her social media following which is huge largely because of her social media ties. >> i have no problem calling herself-made. i have no problem with her success. go get that money, girl. but i have a problem calling her a billionaire. i looked at the number on her business. i looked at the type of

business, consumer products. i'm nowhere near a billion dollars. so how did you come up with this methodology based on the fact this is a licensing-based consumer product. you you have seem the cosmetic sale. we are tracking beauty businesses that are getting high valuations. i am curious what you are seeing that's getting you at a lower number. but sales of $360 million, we think it's fairly conservative and we put the family discount on top of that. >> i love the magazine, i love the list. did you guys realize this would be -- talk about money for nothing. you guys are getting more subjectity off this and because of how put in there.

did you guise realize you would get this much publicity out of this nomination? >> we did a piece earlier in the year before she did the ulta deal. we had some inkling people went crazy over this topic. we didn't know what a stir it would create, but it's interesting. >> it's called sk called kiley . she man tights her influence probably better than anyone we have seen. the golden goose is how do you monetize influence. she has done it. i give herb huge kudos. i love the cover. i love that you have given her

those kudos. 175 million followers on social media. 175 million followers. that's the capital she has. that does it for "bulls and bears" we'll see you next time. >> i'm convinced what the president did is authorized. >> no better you think about the president's policy at the southern border, no president, non, should be allowed to discard the constitution and do an end-round around a coequal branch of government. the balance of power is about to be undone by president trump. >> at the end of the day he'll likely get a bill that he'll veto. liz: the republican rebellion on