this area is waterlogged and major flooding has been the case. more rain will come this way over the next week. connell: thank you, rick. watch the president tomorrow in alabama, among other things. melissa: yeah. yeah. got a lot to watch there. all right. that does it for us. here's "bulls & bears." david: hi, everybody. former starbucks ceo howard schultz slamming both democrats and republicans over what he says is one of the most significant issues facing america right now, that neither party is doing anything about. we will play that for you. this is "bulls & bears." glad you could join us. i'm david asman. joining me today, kristina partsinevelos, liz peek, jonathan hoenig and gary kaltbaum. >> i believe that the two parties at the extremes are so steeped in their level of ideology and are not facing and not addressing issues. we are sitting with a $22 trillion national debt with over $500 billion in interest expense. this president, president trump, is adding $1 trillion a year.

the republicans every single day under president obama's administration were banging on him to reduce the debt and deficit. now two years in, president trump makes it even worse. where are the republicans? david: well, that was part of a fox news exclusive interview with former starbucks ceo and potential independent presidential candidate, howard schultz. joining us now to comment on this and other things, former chairman, now ranking member of the house ways and means committee, kevin brady. i know you may have to jump away from us for a vote here but congressman, what's your response to howard schultz? >> yeah, well, i think he's wrong. republicans tackle the debt first by growing the economy. look, we did tax reform so we could get more people back to work, generate higher paychecks, bring jobs and investment back. so we are already seeing stronger growth, funding for social security and medicare, and we know the difference between the slow growth of the obama years and the faster

growth, 50% faster growth of president trump would yield $44 trillion more for the federal coffers over time. we didn't stop there. in the house, we repealed obamaca obamacare. obamacare, if it stays in place, adds a trillion and a half dollars to the deficit. i noticed mr. schultz supports that budget buster and then in the house, we also made some common sense changes to save medicaid, that also reduces the deficit considerably. unfortunately, that didn't make it through the senate. we still think there's ways that we can address some of the automatic spending and save those programs as we do them. >> congressman, another question for you. it is not so much -- i think everyone on this panel will think that cutting taxes is terrific. the question is spending. spending is up 8.8%, the first four months of the fiscal year. what are we going to do to address this sf. >> yeah. i think you hit it. look, we really don't have a

revenue problem in washington. we have a spending problem. part of that honestly is we made a big commitment last year to rebuild our military for the first time in 15 years so look, i will accept that but the spending is up too far across the board and it's really in the automatic spending. it's in our social security, medicare, medicaid, welfare type systems and there, both parties are going to have to work together to address these issues, because long term, we have to do two things. we have to save those important programs, we have to get back on financial solid ground. >> congressman brady, this is gary kaltbaum. this is the first time i have had a chance to talk to you. i'm one of the biggest deficit hawks of all time and i have been watching for years, hearing from both parties that they were going to do something about the size of government, yet government is now going to spend more than ever. $4.4 trillion this year and going higher next year. how is it possible to do

anything about the debt and deficits when there is not one person, we hear a lot of gums flapping but nobody doing anything about the lowering of spending. just a lot of talking. help me out, please. >> yeah. so look, i respectfully disagree, gary. not with your premise, i agree with you, this deficit is a major security issue for the country. but i will just tell you again, in the house, among us republicans, not only have we acted, we have voted to reduce the deficit considerably by tackling those automatic spending programs that are driving, you know, much of that $4.4 trillion is on automatic spend. we have got to find a way and i will just tell you, i have concluded no one party alone can do this. it's going to have to be both parties working together and a good example here, john larson, good friend, democrat on the ways and means committee, has reduced a bill to dramatically raise payroll taxes and increase benefits on social security.

i worry that those types of approaches will put us even deeper in debt. >> congressman, kristina partsinevelos here. i know you have alluded to all of these government programs being the primary reason we have seen the debt level up so high, but can't we discuss some of the other reasons, too? you have the tax cuts, $1.7 trillion back in 2017. yes, it's doing great for the economy and it's helped corporations bring back money to the country but i think it is still a concern. we can't put all the blame on these government programs, health care being one of them. you mention schultz saying he was a proponent for that. lot of voters on the right and left want to see better health care programs. what do you say to the other bit that's contributing to the debt levels? >> i have to tell you this, the one and a half trillion dollars over a decade was a very modest investment in a dramatically better economy and as i said, growth at 3% yields $44 trillion, with a "t" more

federal revenue. so i'm convinced the surest way to increase the deficit was stick with that slow growth, sub-2% growth that all the experts told us, by the way, we just had to settle for for the next several decades. so one, grow revenue, you have to do that. secondly, you've got to tackle and constrain spending. that's where i think the solution lies. >> congressman, thank you for being with us. when do those spending cuts ultimately come? you got the tax cuts, we who pay taxes certainly appreciate that, but there has been reporting the president is basically not too concerned about the debt. i won't be here is what he's reportedly said. do you feel the same way, that ultimately you won't be around by the time this debt comes due and if not, why aren't you making cutting spending even a bigger priority than you already are? >> you know, on the republican side, we had gotten spending down on the automatic or on the day-to-day to the 2008 levels, to the levels when president bush left office. that's on the day-to-day spending.

the area where again, we tackled obamacare and we tackled just common sense medicaid, major entitlement. unfortunately, didn't make it through the senate. so we are going to have to find a way to work with both parties to get it done. but before you dismiss okay, we appreciate the tax cuts, let me tell you who more than appreciates it. all those blue collar workers whose jobs are surging for the first time, low and moderate income, their wages are going up faster than other groups. we are seeing record low unemployment and new investment in america. that's not easily dismissed. that changes the fortunes of a lot of americans who have been left behind in the past. david: we are happy not to pay as much taxes, most of us, as we used to, but there are some people like senator chuck grassley from your own party who want to get, extend a lot of the deductions that you got rid of for this year and next year. are you in favor or against that?

>> well, as everyone on capitol hill knows, i hate these temporary tax provisions. they are not pro-growth. we have a new tax code that frankly is better than most of them and then we also, some of them have value. we think those ought to be made a permanent part of the tax code so that the status quo every year or two years doing these temporary tax -- i'm hopeful to work with chairman grassley. he and i worked together to actually do that, to phase out the biodiesel tax credit over a few years. we think that's a good example to set. >> congressman, i think you are totally right that it's the big programs, social security and medicare, that really need to be addressed. the concern of course, across the aisle, no one wants to touch that third rail. what is going to change so that we are actually willing to admit that people are living longer, that social security needs to kick in later? it doesn't seem like we can even

have that discussion because the person who brings it up just gets completely flayed. >> they really do get scorched. i will tell you back home i do a lot of town hall meetings and i do them with seniors and with aarp as well. when we lay out, there are just too few workers for all the retirees and we are going to have to slowly raise the age of full social security benefits. we can keep the early level at 62. we are going to have to means test, those who are wealthy frankly, you don't get as much in social security, then having the true cost of living that reflects seniors. you've got to do those types of common sense reforms to keep the program solvent. there's no question about it. >> is there any worry about what i call the potential day of reckoning, if we go back in history every country that went crazy into debt eventually, it just blew up, interest rates spike, inflation went out of hand, then both parties end up blaming each other. do you guys talk about waking up one day and look out below?

>> we've had -- not only do we talk about it, as we put our budget together, the republican budget didn't just slow the deficit going forward, we set a goal and a plan to actually eliminate the u.s. debt. we have approved that budget five or six different times in the house. i think at the end of the day we'll have to need bipartisan support for it. but your main point, look, what is the true debt ceiling for america? i mean, when is that debt, where do investors lose confidence in us as a government, that's the debt ceiling we ought to be focused on. i will just tell you, i don't know the discussions on the democrat side of this, but among house republicans and house conservatives, if you think the debt is no longer a concern of ours, let me just tell you, we spend an awful lot of time on it. david: congressman brady, we got through that ten minutes, no

time, i'm glad you didn't have to jump away for a vote. thank you very much. appreciate you coming in. >> thanks for having me. david: come back again soon, please. apple ceo tim cook saying there is a mismatch between what you learn in college and what businesses are actually looking for. what he's now suggesting that's raising a lot of eyebrows. >> about half of our u.s. employment last year were people that did not have a four-year degree. and we are very proud of that.

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to education. in a meeting with the president's american work force policy advisory board. but, big but, he told the president he doesn't think a college degree is necessary to be successful. roll tape. >> for our company, as you know, was founded by college dropout so we never really thought that college degree was the thing that you had to have to do well. we've always tried to expand our horizons and so that degree, about half of our u.s. employment last year were people that did not have a four-year degree, and we are very proud of that. david: should america rethink its emphasis on a college education? what do you think? >> this obsession that everyone has to have a college degree, that's really a relatively recent phenomenon in this country. it started essentially with lyndon johnson in the 1960s. since then, we have seen the

cost of an education go way up from about $8,000 back in the early '70s to almost $40,000 today, and the quality of that education go way down. i mean, in the '60s, kids now study less than half the time they did in the 1960s. then, oh, yeah, there's the debt these young people are graduating with. apple is a great example. companies will train those they want to hire. government needs to get out of the business of incentivizing education. >> there are many points i agree with. i think we really should be discussing rethinking what is even within those college programs, the lack of financial literacy, the lack of computer program, that's why. we have americans these days that are not well-suited for certain jobs. i think that that needs to change in terms of what the training is offered. the benefit sometimes of a higher education are overstated. like jonathan mentioned, the debt level, we know that that is the next big bubble to burst. student debt. almost every single millenial seems to have it. i do see the upside, too. you have a very successful man saying he did get a college

education, did he not? david: founder of his company did not. >> exactly. it depends. it's not a black and white answer you can give to this. >> let me push back just a wee bit to a person who had two kids just go through college in the last few years. here in florida, you need a 4.0 to get into the university of florida. almost a 4.0 at fsu. it is turning out some great, great students. going to medical school, law school, being doctors, lawyers, you name it, maybe even becoming teachers. i think it definitely does matter. it doesn't define a person. there is no doubt leadership qualities and things like that are intangibles. you probably need to be taught better in college so yeah, it's a mix of both, but for him to sit, a guy like that that has a lot of cred to say something like that, i'm not so thrilled with that. >> can i pick up on that, gary? i think having the tech industry particularly espouse this not needing a college degree, it's kind of a special sector. what tim cook wants is to start

telling people, teaching kids how to code in high school. his view is everybody needs to be a coder. well, that's great for apple because they are probably hiring gazillions of those people but it's not going to help other companies that really don't need that expertise. i think their situation is a little bit different. that said, i think it's clearly the case we are -- there's much too much money being borrowed in pursuit of a degree that does not offer up tremendous financial reward. i think there's never going to be a time when this country says i'm sorry, you can't have a poetry degree because that's not going to earn any money, we're not going to lend to you. to some degree, families and kids need to be sensible about what they are studying and what their prospects are. >> then do you think you should be changing what is being offered within the educational program, and bringing it back to financial literacy or learning about the economy or basic english skills? >> i'm a big fan of vocational training. i think if kids want to go out in the work force and particularly for some sectors of

our economy, they don't know how to aspire to a middle class life, and they can do it very often through vocational training and they are never going to get there trying to go to college. >> let the companies do the training. companies have a great history of this going back to milton hershey built whole schools, built whole towns to educate employees. this notion government has to come up with the right, you know, government needs to literally stay out of the education system. the more they have gotten in, the worst the quality of education has become. >> unfortunately, the government guarantees allowed all these colleges to continue to raise tuition -- >> yes. so true. >> -- even though some of these colleges have trillions of dollars in their endowments that just sit there making money for them. but i think it really gets back to a very important point. david: quickly. >> parents and leadership. you need it all together. this is not just a one note. david: good point. good point. these $300,000 salaries for

teaching one course at harvard have to go as well. thank you, gang. elon musk may have to say good-bye to his security clearance. charlie gasparino is here to break that down, next. ♪

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david: remember this? take a look. >> that's all it is. >> we were getting from sources inside, not even sources, senior officials inside the department of defense, this somehow got booted up to the department of defense, is that they are indeed looking at this still. they are trying to determine whether this should be raised to the level of investigation, if they should -- and if they do raise it to the level of investigation, do they reject his security clearance. david: that comment was way back in september when charlie gasparino said that elon musk could potentially lose his

security clearance for violating the air force's code of conduct. now that story is coming to fruition. charlie joins us now. you've got a lot of pushback when you came out with this story, right? >> the first time we did it was i think september 8th, where i did it on air, i tweeted it out and i simply said this. you know, he smoked pot on this podcast with joe rogan. remember, the stock is heavily shorted and the short sellers are very smart, some of them. not the out of control jerks on twitter. guys like steve einhorn. the major shareholders who are shorting this thing are very smart. they essentially pointed out that smoking pot would violate his security clearance on spacex. i didn't know that. i called up the air force and i got a source there who confirmed the whole thing. now, the pushback came from mainly reuters. i say this because i have a lot of friends at reuters. just so you know, one guy, his name was mike stone or something, covers aerospace for

reuters, who first he tried to put words in my mouth, said that i said they were launching a major investigation. i didn't say that. i said they were reviewing it and it could essentially get -- become something bigger. then he sort of downplayed the whole thing. now what we are learning is basically bloomberg reconfirming what we reported a few days later, that this thing is serious, you know. i spoke with a pentagon official today, it is serious. they could suspend his securities clearance for spacex. that means someone else would have to come in and get that securities clearance. they are trying to determine whether he's the type of guy they want to have access to classified information. i would just say this. he's got some other issues with the federal government on the tesla side, right? he did a settlement with the s.e.c. there's talk he might have violated that settlement with some additional tweets -- david: lot of bagbaggage. >> if you are a public

shareholder in tesla, you have to shake your head with this guy. is he the right guy to run the company? i have nothing against elon musk. i kind of like him. i think he's a smart guy. but you got to be shaking your head now. short sellers who are all over this stock are essentially saying that. david: gary, go ahead. >> you want to inhale that? you look like you were just getting into it. >> no. no. >> a pregnant pause. >> no way. hey, charlie, i'm a big believer that any other ceo would probably be out on his ear by now. just for the violations and things like that and for a long time, a lot of people are thinking he carries a premium for the stock just because he's elon musk but looks like we are starting to get discounts. is that a worry you are hearing from people on wall street, that you know, time is, the hourglass is running out of sand here? >> i keep hearing, i could be wrong about this, the general consensus is they are not going to dislodge him even though they probably should, particularly on that last tweet.

remember, he signed a consent decree with the s.e.c., right, it was because he said the company was coming public or was going to go private at 420, massive premium. they didn't have the deal. he cut a settlement with the s.e.c. which said he had to relinquish chairmanship, had to pay the fine but there was supposed to be a monitor on his tweets. >> he actually bragged -- >> well, yeah. then he was supposed to be accurate. he tweeted out something that wasn't really accurate, corrected it ten minutes later, but still tweeted it out. apparently it didn't go through the chain of command that was established on the settlement, and you would think if it was anybody else, they would be saying if he can't follow simple orders, why should he be ceo of a publicly traded company, officer, director. i get the feeling the s.e.c. doesn't want to mess with this because they believe that without him, the stock loses like $100 of its value. >> i know when we talk about how it's possibly overvalued due to

his celebrity, can't we raise the question about how the state and federal laws around medical -- sorry, not medical marijuana, but marijuana as a whole and if he's going to get this taken away from him even though you have some states pushing forward to legalize marijuana, isn't this going to be some type of conflict of interest going forward? >> i think you are conflating the two issues. i think there is an issue with whether you are allowed to smoke pot or not and whether that's okay. there's another issue of whether this is the right guy to run the company. >> i'm separating the issues, bringing up the marijuana issue now. if it's legal in a state and he's in that state, then how -- can the federal government -- >> it's a federal law. >> what i'm saying is listen, i don't think the s.e.c., you know, is going to rule on the pot smoking stuff, okay? i'm just saying that in terms of him being the ceo, if you're going -- listen, if i know it's

illegal insider trade and i still insider trade, i get in trouble. if you know it's illegal or against your security clearance to smoke pot on tv, not in your mother's basement, by the way, and you do it in front of hundreds of thousands of people, and you know, you should lose your securities clearance. i think when you go a step further, you got to ask yourself as a public shareholder, with all the other stuff this guy has going down, should he be running this company? >> but charlie, this really has to do with spacex, not tesla. to kristina's point, there's a lot of confusion about what's legal and not legal about pot smoking. anyway, i think the good news about spacex is there is a very viable replacement for musk, which there is not at tesla. there's a very good, competent ceo or c.o.o., i guess, whatever. >> where it kind of bleeds into each other, the guy knows he shouldn't be doing this. >> yeah, of course. but he's tweaking the government over and over again. >> so he tweaks the government. he knows he's doing stuff he

shouldn't do. at some point the s.e.c. has to say to itself should this guy be running a public -- shouldn't we throw the book at him. now, again, gary brought up the point, i don't think they will do it now but they may be delaying the inevitable. here's one thing i will tell you. as they delay the inevitable, investors could be getting screwed. >> charlie, if the stock itself, we finally started to see tesla stock start to crack, terrific and very prescient reporting on your part, i must say, for this. how far do you think tesla has to go down? elon funds spacex, a lot of that funding comes from tesla, his shares, his stake in tesla. how low does tesla have to go before forget the s.e.c., before shareholders themselves start to say look, this guy's got to get the hook? >> good question. you know, there may come a point where big shareholders who haven't really bailed yet, you know, just look on the public filings, will say enough's enough, we don't want anything

to do with it. we are really not there yet. here's the thing. they can raise money if they wanted to tomorrow. they still have access to public markets. people will buy their stock. and there's a lot of talk about them at some point doing that. here's the rubber meets the road, the next six months. do they sell enough cars. if they don't, all bets are off. david: can he meet his promises. >> they do have cash flow issues. david: charlie gasparino, takes the other news organizations six months to catch up with you sometimes. good to have you here. >> takes me six months to catch up. david: we won't talk about those issues. facebook saying it's going to focus on keeping communications private. there are a lot of doubters out there including our next guest. in the transportation industry without knowing firsthandness the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. that's why i go beyond the numbers.

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david: yesterday, facebook announced that they would be changing their business model to focus more on private communications. they say it's going to offer encrypted messaging on all of

its communication services but roger mcnamee, one of facebook's earliest investors, joined us yesterday, threw a little cold water on the announcement. take a look. >> i think that the business model is really about surveillance. it's really about tracking people everywhere they go. then making predictions and selling that. this will not directly address that. it will reduce some of the pools of data they get to work from but i would bet you anything they do not think those are the most valuable pools going forward. david: joining the panel is the founder and ceo of deke digital. who's right here? mcnamee or zuckerberg? >> mcnamee, without question. there's no equivocation here. this announcement, there has been this kind of triumvirate of facebook stories which came out in which this pivot to privacy as one publication called it today is the most prominent one, them saying we are going, privacy is going to be about the

core of our business offering now. i don't dispute what zuckerberg is saying about what his customers want, but what i'm telling you is that this is like michael cohen selling truth serum or like harvey weinstein offering advice on how to keep your daughter safe. it is like the 180 degree opposite of everything they have done. i find this to be one of the most deliciously kind of ironic stories from the technology world in a very long time. >> dave, i love your comparisons. kristina partsinevelos here. if we are going to talk about, he gave an interview within the past several hours and talked about the platform and it's going to be end-to-end encryption, they won't be able to store your data anymore. we know that's a big deal because advertisers want to be able to target you with that data. do you think there's an opportunity for facebook in the near future to use these platforms for other things like buying and payments?

>> sure. yeah. look, there's a business underneath there for sure. i think he's one of the brilliant business guys in american history. i'm not disputing that he's right if they could do it. but there's 100 of these examples. it is like the guys at juul showing up saying hey, we are in the respiratory health business now. trust us, noi i know we have be screwing you guys, but trust us. we've changed. >> you are saying don't trust them at all, pretty much? >> i'm saying that they do not have a head start in offering those kind of services. there are lots and lots of companies in our economy, and new startups coming in that want to offer those services and that it is my firm belief that american consumers will say hey, thanks, but i think we'll get this somewhere else. >> dave, there was a time when mcdonald's offered nothing healthy, no salads. then in the mid 2000s they

realized they needed to pivot, start to offer some other options. is it too late for microsoft? a lot of the polling suggests that consumers don't care as much as legislators do about privacy. how much of this from zuckerberg is about appeasing potential regulators or is it really about trying to keep consumers that are starting to peel away? >> i think it's all of the above. it's a really good observation. i think last time i was on, we talked about the fact that in a political campaign we gave some assistance on the technology side to, their polling was showing out here in wyoming that nobody cared about the privacy issue. but i can also tell you one of the other stories that sort of broke late last week was that -- or within the last few days, was that they have lost something like 12 or 13 million millenial users who do care about those kind of issues and are more attuned to it. so it's not that they're not sort of doing the right things.

it's that at some point, i just think it's too late. >> my question would be yes, they are losing the millenials. are they losing them because they are offended by the privacy issues or they are just on to the next thing, whether it's instagram, snapchat or whatever? seems to me facebook has to respond to that. they can't just count on millenial adherence overseas or growing their business overseas. i guess the question to you is, can they be successful in kind of branching into a new area? >> look, by the way, i totally agree with you. long ago, i wrote a piece called "social media is now a fashion business" meaning that people go and they want the latest thing but they do. so you have to think is there some way that i'm going to get lashed in to a social media platform where i just can't undo it, and clearly, there are smart guys. that's what they're trying. they are saying if we got them hooked on the payment side, if we got them hooked on the transactional side, then they

couldn't go. because otherwise, they can go and you want to be where the cool kids are, not where the old nerds like me are. >> dave, we have got breaking news. i'm afraid we have to leave it at that. terrific to have you here. please come back and see us soon. good stuff. i appreciate it. we have breaking news. the house just voting overwhelmingly passing a resolution that condemns anti-semitism 407-23. all 23 voting against, by the way, were republicans. lot of whom weren't pleased with the way the measure was watered down. although the resolution doesn't mention her by name, this is intended to be a public rebuke of minnesota democrat congresswoman ilhan omar, who sparked controversy surrounding some alleged anti-semitic remarks. again, a lot of republicans thought it was quite watered down when it was voted. still, it passed the house overwhelmi overwhelmingly. amazon now saying it will close popup store locations just days after announcing new grocery stores, are they making the right move?

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david: amazon is now saying that they will shut all of their 87 popup stores all over the u.s. this as the retail giant is reportedly rethinking their physical retail strategy after

their years-long experiment with it. amazon started notifying their employees and partners that they can expect stores to be closed by april 29th. you have been following this all day. what can you tell us? >> first, these are popup stores that amazon calls experiment. they launched it back in 2014. to them it was just an experiment in whole foods and kohl's locations, a store within a store. they are closing all those stores. i reached out to get comment as to why they are doing it. they said it's time to move on. they want to focus on the four stars. have you heard of amazon four star locations? you need to have a four star online and the item can be in the store. they want to focus on their bookstores. we know they announced this new grocery store line that's going to be launching that will be separate from whole foods, then the cashless convenience stores called amazon go that they are slowly rolling out. they have one in seattle. there's a lot of avenues. they're not getting out of brick and more tortar, just changing strategy. >> i consider them brilliant.

the whole idea behind great corporations is you try things, you risk things and if they don't work, you sell quickly and take the small loss and move forward. they will have their whole foods stores, you said the four star as well as the books, and they will be able to leverage this thing until the cows come home. i think the bricks and mortar future for amazon is going to be darned good as we move forward and this is just a little stumble across the way. >> i don't even think it's a stumble. i think they created popup stores to get everybody buying alexa and kindle and other products that people really couldn't kind of get their arms around over the internet. walking into a store and actually seeing what alexa can do for you or to you is a completely different issue. i think that was a pretty successful thing. everyone's got them now. >> exactly. >> what is amazon? we used to think of it as a bookstore. this is a company of disruptors, of innovators, of people who will go into any industry. groceries, we are talking about

not only with whole foods but their stand-alone series of grocery stores. i would love to see them get into education, get into health care but for now, the retooling, the popup approach and as has been said, this was experimental from the get-go. as long as the company keeps innovating, they will keep succeeding. >> to talk about the flipside, there was an analyst from jeffries that said if anything, replicating a successful retail model is not easy and he believed that so far, the book stores as well as the four star locations have not been doing well and amazon still needs to work on their retail fulfillment centers. david: how much money do you think bezos is willing to put into this? clearly he wants -- it's more than just popup stores. he does want the retail space. he wants to try it out, he wants to expand it with regard to whole foods, this whole new grocery chain. is he willing to go the distance putting billions of dollars into this thing? >> of course. if they're going to be launching an entire new grocery store when they have whole foods, and the thought process is that they are going to be launching their own brands within that grocery

store. the amazon pantry type brands that will separate the price point from whole foods, because whole foods is known as whole paycheck, right? david: the stock was down today, guys. would you be interested in investing? do you think bezos, i mean, he was counted out for years when he wasn't making a profit, then he made big and the stock went zooming high. today it was down. do you think it deserves to be down? >> i think the fang stocks right now are not the place to be. they will have their day in the sun again. by the way, something to think about, i think another 5500 retail stores shut down in the last year. there's a lot of real estate they can pick up probably on the cheap, as they build out the brick and mortar going forward. i am sure they are going to be a success. by the way, we never even heard of an alexa years ago, so the fact they are able to come out with these other products, just amazing. >> i agree. i do think it's interesting they are tackling the grocery space. traditionally that is a really low margin business. it will be awfully interesting to see what they do differently, what is -- what's going to make this an amazon --

david: their whole supply chain inventions will be used in grocery. i'm sure that they could leapfrog over some of those grocery chains because of that. no? >> it's beauty, too. there's high margins in beauty. >> that's just it, david. they reinvented what it's like to shop, to shop online, to do the same thing with groceries and there will be an integration of your online world, your in real life world, where you pick up items or all thanks to amazon innovation. david: thank you, gang. going green may be good for the environment, but is it affordable for average americans or is it just for the elites? the results of a new study that could surprise you, coming next. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer.

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david: average americans say they want to go green, but they

can't afford to. is this lifestyle really just suited for the elite? >> the whole point of going green is that it hurts you. it costs more to take your kids to school, to get to work, to fill your car up. to use the fossil fuel. that's the point of the green movement. not to help the yant, but to hurt mankind. the greens are against any form of energy that helps mankind reach his goal. >> i agree it's expensive for everyone, myself included to do anything to help the environment. and burning fossil fuels may help you get from a to b. but if we are going to talk

about the voter bloc millennials want that. >> they want to go green until they learn how much it will cost. >> let me get out of the weeds. it's the government man dated and it will cost a heck of a lot more. we can talk about the water bottles or whatever else. it's insane what the cost is for the middle class. >> eating organic, we want everyone in america to eat organic and it's very expensive. the first big popular electric car to come up and be popular, the tesla, which costs a fortune. i think millennials have an interest in this, but we are all addicted to cheap plastic things made in china.

david: he hasn't even mentioned the green new deal that requires every single structure in the united states to be retrofitted to be green. i can't even begin to wrap my head around how much that would cost. trillions, just that one issue. >> the green new deal is a piece of paper that isn't going to go anywhere. privately. capitalism. we can take this, and make money off of it. tesla needs to work on it. >> that was a major proposal from one of the biggest mouths on the democratic side. just because it was found out to be a as far as they backed off and nobody is talking about it anymore. >> if you live in a sunny place all this stuff makes sense. david: we should all live where

gary lives, down in a sunny place. we would all be happier. good stuff. appreciate it. that does it for "bulls and bears." we'll be right back here tomorrow. see you then. >> it's up to her to explain. but i do not believe she understood the full weight of the words. >> congresswoman omar's statements clearly do not represent the thinking of most of anybody else in office in the democratic party. >> when you cross that threshold in the congress your words weigh much more than when you are shouting at somebody outside. liz: the democrats in disarray, fighting amongst themselves fighting anti-semitism among their ranks. if the democrats can't confront