>> they were retweeting her tweet because they say this stuff has happened to us. >> amazing. >> that does it. kind of a split day on the markets. see how tomorrow goes. thanks for joining us, down 96 on the dow. >> big cheating scandal. we have brexit. a lot of news today. still more tomorrow. here's bulls & bears. david: we have breaking news, felicity huffman the actress due in court at this hour. she's known for her role in the hit tv show "desparate housewives," expected to make her first court appearance, she and 12 others were arrested this morning charged in alleged college admission cheating scam. also involving actress lori laughlin of full house fame. this is bulls and bears. we're bringing you the details on this major scandal. here's our panel:. also with us is fox news senior

judicial analyst judge andrew napolitano. we're to announce charges in the largest college admission scam ever prosecuted by the department of justice. the parents charged today despite already being able to give their children every legitimate advantage in the college admissions game, instead chose to corrupt and illegally manipulate the system for their benefit. there can be no separate college admission system for the wealthy and i will add there will not be a separate criminal justice system either. >> today's arrest should be a warning to others, you can't pay to play. you can't lie and cheat to get ahead because you will get caught. david: it is the largest college admissions bribery case ever prosecuted by the justice department. prosecutors say parents paid an admissions consultant a total of 25 million dollars to bribe coaches and administrators to get their kids into elite colleges like yale, stanford and a host of others. the schools themselves have not

been charged or implicatemplica. judge map p napolitano is with us. is this the tip of the iceberg? >> the government says it is the tip of the iceberg and is continuing to investigate. government also indicated that it expects to flip people, that is to approach certain defendants saying you are charged with 20 years, we can get that reduced to 2 or 3 if you will tell us what you know about who else may be involved. i will tell you, that the government reached back the maximum time period the statute allows it to reach back which is ten years so some of the students have already graduated from these institutions and gone on to other aspects of their professional lives. >> judge, you know, we're talking here about the legal issues. when we hear the term pay to play, we know that's often been the ethic in higher ed, if you get the big donation, your child has the extra chance of getting into the institution. at what point do those kinds of transactions come under scrutiny and this sort of thing? >> unfortunately, that will not

be a defense in these cases. a person will not be able to say to the jury well so and so gave 2 1/2 million to have his name on a seminar room and his kid got admitted. what's wrong with me doing that? because one is a bona fide legitimate donation ratified by the irs and the other is plain and simple a bribe. by the way, according to the indictments, some of these who paid the bribes took the bribes as an irs deduction, which of course implicates -- >> i have to say first of all as the daughter of an electrician, blue-collar who didn't go to college, who earned my way into wharton on merit this makes me very very angry. it's taking spots from people who potentially deserve them much much more. i wonder what happens, judge, to people who have gotten these degrees under fraudulent terms. can there be implications with taking those degrees back? >> well, the -- one of the rare

times the government shows compassion was in this case and didn't indict any of the students. so they don't even implicate or indicate to us whether or not the students were aware of what their parents were doing for them. so i don't know what's going to happen with that, but let's say a student got into and i will pick a school that's involved, yale, under a false pretense, because somebody else took their sat's and got straight a's at yale. should that person have a hair on their head harmed because of that? they may not know about this until today, when we found out about it. >> i will follow you as the second wharton guy. i also have a wharton degree. >> 327 pages of documents and i didn't see one mention of you. [laughter] >> i know our president told people he was number one at wharton. >> do they rank students at wharton? >> they don't. >> all right. i won't go there. [laughter] >> i want to understand who was

going to get in trouble here? is it both sides, those who gave the money or those who accepted the money or the school itself? like how many different people are going to -- and what does it mean to get in trouble? >> very good question. there may eventually be and i think there will be a lot of civil litigation that will come out of this. i should have gotten in and so and so got in in my place, but in terms of the crimes, the schools are not indicted. the recipient of the bribe has been indicted, and that -- the punishment varies depending upon how much money you received and the payers of the bribes have been indicted. the government and the supporting documents showed texts, e-mails, and wiretapped phone conversations. they have locked this case up, with an overwhelming amount of evidence that they revealed this afternoon. >> judge, the schools are already the victims in this. are the schools really the

victims in this? is that an open question still? >> great question, brian. schools have a duty to know what is being done on their campuses, with their names, and with the authority they gave them. so if you give a coach the authority to get two people on the tennis team, you have a duty to know the standards that that coach is using to get those people on the tennis team. short answer, the civilly the schools are liable, but again the government chose not to indict them. >> hey, judge, the only wild cat on the panel here. [laughter] >> my dad didn't bribe anybody to get me in there, by the way. i want to ask, you know, this system has been fixed forever. i don't know this is a surprise to anybody. i think it's a surprise about how it is fraudulent and so open. it is like the mafia case, like the gambinos are running this or something.

what changes in colleges? you talk about donations to get a kid in. that does happen. it may not be a gray area enough that you aren't able to trace that back to somebody. what changes in colleges for fund-raising? >> i can't answer what the changes will be. to your argument it sounds like the gambinos are running it, this was an enormous, enormous conspiracy. it is one of those conspiracies if you will picture it like a bicycle wheel, at the hub is this guy who was the orchestrator of it. and if you go out to the spokes, the people at the ends of the spokes did not even know each other. only one person knew about all of this, but there were 50 to 100 human beings involved, and i think you are going to see more -- there's the guy that knew about it, rick singer. he has since pleaded guilty. i don't know what the terms of the plea are. i suggest it would be at least ten years in jail, but i don't know -- david: over a dozen i think so far. have you seen any of this, brian, in your work at colleges? >> no, i haven't seen it

personally, but i will say this, and this goes to an earlier question you raised, what if a kid gets in and gets straight a's and did great. i doubt that's actually what happens when a student in this situation gets in. i think the other case is more likely if the student gets in and performs very poorly and as a professor you say well that's d work or f work, guess who is knocking on your door and making life very hard for you when you try to do that. >> what you think to yourself what is that student doing here? or do you not think that way? i have taught law school for nearly 20 years and sometimes i say to myself what is that person doing here? >> part of life is failing sometimes, and the problem is, we live in a society where nobody wants to let their kids fail so when the kid fails, it is the parent who is probably involved in the front end getting them in, now in your classroom saying why did you do this to my kid? because that's what they earned. >> what's also interesting is where is the school culpable or

not? at this point we don't know. the best schools in the country have the largest endowments. the endowments come from alumni donations. that's how they get the best teachers, field the best students. >> how do they reward those donors? by getting their kids in. >> you know what's amazing to me is these parents are the ones that had the resources. they had the resources to get their kids tutors in high school, to put them into schools with great education, and they are teaching them that the way to get ahead is not through meriticracy. >> the hypocrisy. felicity was on instagram about a year and a half ago is saying my hope for our daughters is they demand they receive respect and equality in healthcare. equality? here's a woman who is charged with having totally turned that upside down, that question of equality; right?

>> under what circumstances would the jury hear that if she takes the witness stand? david: this will be submittable? >> if there's a trial and she takes the witness stand, that's red meat for the cross examiner. >> usually the people who scream the loudest are the ones who are not portraying those virtues. i kind of wish people would mind their own business and actually pursue actions instead of just empty words. >> i don't want to give layfield some -- but there was a school in texas involved. >> leave texas out of this. we're above reproach down there in the great state. david: by the way, it also comes on the heels -- remember last week we had that meeting with the business people at the white house. tim cook among others suggesting that he was quite proud of the fact that a lot of his employees i think he said about half of his employees never graduated from college. and of course apple itself was started by a guy who was a college dropout. it calls into question the value, the worth of the education that, carol, your

parents and you probably and i have struggled to put our kids through college, when all this stuff is going on. >> you are making a great moral argument -- i hate to say this. the law doesn't care about morality. it just cares about which statutes have been broken. there are a slew of them here. you put a fraudulent document in the mail. you send money to somebody in the mail knowing it is part of a scheme, mail fraud and wire fraud right there. david: all right. once again, we have cameras on the scene. as soon as we see some of the people who have been charged including ms. huffman, we will bring that to you live. we've got a reporter right on site there, as you can see. the stand with the mic has already been set up. president trump sounding off on socialism with new warnings for the far left and he's not the only one. why one prominent democrat is now urging key members of his party to listen up.

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david: president trump at an interview earlier saying quote seductive socialism will take the country down the tubes if in a decade or less. statements like this prompting democrat and outgoing chicago mayor rahm emanuel to issue this warning to his party at a piece for the atlantic entitled how to lose to donald trump. he writes, quote, earth to democrats, republicans are telling you something when they gleefully schedule votes on proposals like the green new deal, medicare for all and a 70% marginal tax rate. if trump's only hope for winning a second term turns on his ability to paint us as socialists we shouldn't play to type. is rahm emanuel right? is the democrats push for socialism giving trump the advantage in 2020? what do you think? >> yeah, listen, i'm not surprised rahm said that because

he's a moderate. he was with clinton. he was with obama. and most people would say they were moderate especially versus where the party is today. i think that this is a very tough conversation inside the party. i think the green new deal is very different than saying i'm for climate change. medicare for all is very different than saying healthcare is a right. why we did well as a party in the midterms was not because where the party has been moved over the last two months it is because we actually flipped red to blue in moderate areas with moderate candidates. david: you think rahm is right? >> i think rahm is right. >> i'm from chicago. i can't believe you are going to make me defend him, but absolutely they paint socialism glossy and package it beautifully but at the end of the day you can't execute it.

everybody knows that except for the gullible people who are buying into the beautiful package. it is an important thing for the democrats to be having these discussions otherwise they will lose by a landslide. obviously i think trump is right the business person going forward but we don't want to have that in the conversation. >> i don't know that anyone in party -- i mean they are hearing what rahm is saying but i don't see that voice prominent enough to dislodge where they have been going. all the energy in the party is on green new deal. there's no energy behind what rahm is saying here. >> i know john wants to chime in. i want to respond here. >> robert i want to ask you a question because we talked about this before, the messaging from the democrats in 2016 was terrible. look the republicans didn't run on we were promoting president trump to be this great president, they ran on the fact that crooked hillary lock her up. they ran against hilary clinton. in the 2020 election, they're running against socialism. so what is the message that the democrats are going to have to combat this? i mean, if you don't have a

socialist candidate, i can see if it's a democratic moderate, it is not in play, but if it is, the republicans are just going to say over and over and over, democrats, socialists, venezuela doesn't work. how do you fight that? >> amen. >> there's a lot going on here. we're bringing a new person to the conversation. [laughter] >> john, you are my -- [laughter] >> i've sat down with most of the candidates and the conversation the media is having and all the hype is not necessarily the conversations we're having about where policy is. the green new deal was, listen, that was a resolution. that was a bold statement. that was not expected to be voted on. okay? we can take a lot of things that become statements from the tea party and they wouldn't want that voted on either. but let's be clear, to win an election today, in the democratic party, you have to be for healthcare as a right. you have to be for climate change, immigration reform and gun reform. everyone from moderate -- let me finish -- to far left checks those boxes, but to beat president trump you have to be viewed as a commander-in-chief

and you have to be viewed as a pro-growth democrat. i don't think we've yet need to get into that debate because it is too early. >> but the question is, do they differentiate themselves against somebody like bernie sanders up front to say okay, i'm coming at this, you know, in a different way and maybe stand out a little bit more, or do they completely change who they are when they go up against trump and then be called out on it as they have completely changed -- >> listen, first of all, aoc is not running for president. >> thank goodness. >> joe biden has not come out supporting the green new deal. amy klobuchar did not support the green new deal. michael bennett will not be supporting the green new deal. they will be supporting climate change. there's this thing called medicare exit that they are supporting, universal healthcare, not medicare for all. david: the point is right now the number two person in all the polls behind biden is bernie sanders. he's the self-admitted socialist. i mean, i'm just wondering if they've gone so far the socialists in the party and

other people who have been patting them on the back and supporting the green deal, etc., that it's impossible. the genie is out of the bottle. i mean, that's it. >> but i think robert you are saying something that i think makes a ton of sense in the general election, but the primaries are a completely different beast. and the green new deal wing owns the primaries. you know they do because sanders owned it. >> brian i get called every day by reporters who am i backing? i struggle with that exact question. who is someone that's going to be great in the general that can get through a democratic primary. it is a tough question. but it's early on. it's early. >> here's something i have to ask you since you have everybody's ears, please tell them to tone down the socialism because it's damaging. you have young people who are hearing socialism is great. from people who are charismatic. david: i think robert agrees with you. >> are you more of a moderate or do you think socialism is great? >> i don't think socialism is great. >> i think you need to put that message out there. there are young people who are

hearing that messaging from charismatic people and they are going to start to believe that and not understanding what it means at its core. >> i would say something with respect to bernie sanders. okay? one, i would agree we cannot underestimate him. donald trump came in with a very nationalist approach. bernie sanders came with a very populist approach. they have a lot more similarities than differences, than where the moderate party is. so it's not that surprising to me that there's incredible electricity around these two types of candidates because they stand for something where a lot of people are for. david: let me bring it back to the economy because they have a big difference in terms of how they would affect the economy and how they would affect the business. on the one hand you have a socialist. on the other hand, you have a businessman, who has helped -- whether you like it or not -- he has pulled off a lot of regulations, has lowered tax rates, has increased the amount of economic activity enormously in this country whereas bernie sanders i say would do exactly the opposite. >> we all know and we're going

to talk about it when president trump was candidate and he talked about medicare and medicaid, he said he would not cut it and he would extend it. david: yeah. >> so in the last 24 hours, there are people going -- i won't say the word -- something crazy because he's going back on his word on medicare and medicaid. david: yeah, but the point is, you look at the record, and i put it to you, i don't think that you would have the same record of economic accomplishments after bernie sanders president than you do after donald trump. >> i'm not saying that. david: we have to move on. global fears growing as more countries now say they are suspending flights on the boeing 737 max jets. the president says plains are becoming too -- planes are becoming too complex right now to fly. is he right? t. rowe price experts go beyond the numbers to examine investment opportunities firsthand, like biotech. because your investments deserve the full story. t. rowe price invest with confidence.

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david: the eu's aviation safety agency suspending all flights by boeing's max aircrafts following

sunday's deadly plane crash in ethiopia. the eu joining china, australia, indonesia and other countries in grounding the planes. boeing says it has full confidence in their 737 max, but president trump tweeting this out, quote, airplanes are becoming far too complex to fly. pilots are no longer needed but rather computer scientists from mit. i see it all the time in many products, always seeking to go one unnecessary step further, when often old and simpler is far better. split second decisions are needed and the complexity creates danger. all of this for a great cost, yet very little gain. i don't know about you, but i don't want albert einstein to be my pilot. i want great flying professionals that are allowed to easily and quickly take control of a plane. let's bring in former ntsb member. any truth in what the president is saying? >> there definitely is some truth to that. we can see -- i can remember

when the introduction of the airbus into the u.s. fleet at that time was an all analog fleet, and many of our pilots had difficulty transitioning. so it's definitely a different airplane to fly, and we keep adding to that, more complex systems, so i think he is correct, that they are more difficult to fly because you have to a, remember how to fly a regular -- a real airplane, and then you are flying a computer. >> john, john layfield here, 1970, there were 1474 deaths in the air because of traffic fatalities. we fast forward to now. 13 times the current flights are going out right now, and only 57 people died last year in 2018. the safety that has come about because you put computers in planes, i mean, i know that maybe flying too high and too fast may be dangerous also. that seems crazy to me, and this

statement seems nuts that a 95% reduction in air traffic fatalities in the last 20 years, do you really think that the computers are to blame? we should throw them out? >> heck no. what we should do is train our pilots to a higher standard than we're training now. i will ask you a question, why do you think that southwest, american, and ryanair are not having problems with their airbus -- with their max 800s and other countries are? could it be the training? could it be the amount of training they get and the type of training they get? i think that has to be looked at very very carefully. >> john, brian here. >> i'm sorry, he asked me a question. i will answer it. 1 in 114 chance of dying in a car. that's 100% driver either error or driver correctness. you have a much less chance of dying on an airplane. to me i want a computer in my

airplane. >> i want to qualified pilot in my airplane that knows how to fly an airplane without automation and knows how to fly an airplane with automation. >> john, brian here. you know, i don't think the president is saying throw computers out of airplanes. i think he's actually raising a legitimate point, given where technology is, which is what is that line between computer control and human control, whether we're talking about a plane or a car or a semi truck, i mean, that interface, that interaction, how does a human step in is the question for a lot of our major automation technologies right now. and i think it has to be answered with airplanes as much as it does for cars and semis. isn't that the fundamental issue we're talking about here? >> yes, that's called man machine interface, and we definitely need to address that, especially given the width and breadth of what computers can do today. i bet every one of you use windows in some form of another or word. do you think you know every piece of what goes into that?

every command? and they keep updating it. so it keeps changing. you know, i'm a one click kind of person. if it wasn't a one click, i sit there looking at it. [laughter] >> john, it's carol. in terms of the effect on the stocks because obviously you have boeing that's affected here and then you have a lot of the airline companies, is this something where there's going to be an update that's rolled out? is there something where pilots are going to have to be trained before these airplanes go back into rotation? what do you think is going to be the implications for all the different players here? >> well, i certainly think they are going to take a look at the training, based on what i just said, the fact that we don't have these issues with the major carriers in the west that are flying these airplanes, but we have other countries that are having problems, what's the difference? why are they having the problems and we're not? so somebody has to take a look at that, you know, and i would expect the ifaa -- faa to look

at it. we haven't had a permanent faa administrator now in a couple of years. we need to change that. >> john, countries are not allowing boeing to fly their 737 max in certain countries based on this, if you were running boeing, what would you say to those people running those countries about the safety of their airplane based on, you know, ethiopia and indonesia happening? >> show me the facts. you know, i'm a trained investigator. i have been doing that for more years than i want to count. i'm fact driven. the facts as we know them today do not support those actions. now, unless they know something that they're not sharing with us, then that might change the picture, but based upon what we know, the actions of grounding those airplanes doesn't make sense. and the other piece is, no one

has linked these two accidents together. the indonesian accident was in the hangar. the airplane wasn't fixed. those pilots were given an airplane that never should have been put in the air. so that's apples and now we're talking about oranges. there's no linkage yet. david: to put a fine point on it, john, you would not recommend grounding the max 8s here in the united states? >> i would not, and i flew one last night, full of people and talking to some of the people in the holding areas, because they recognized me as being on tv yesterday, all of them had no problems flying in the airplane. david: john, great to see you. thank you very much for being with us today. appreciate it. >> thanks for having me. david: safe travels. meanwhile president trump's 4.7 trillion dollars budget proposals already drawing the ire of democrats, especially liz warren who says the request is really just for the super rich. more details on that, coming next.

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david: breaking news actress felicity huffman is due to arrive at a los angeles courthouse at any moment. she and a dozen others are facing charges today. this is the largest college admissions scam in our history. prosecutors say parents paid an admissions consultant a total of 25 million dollars to bribe coaches and administrators to get their own kids into elite colleges. we will take you back there live when she arrives or anyone steps up to the microphones. stand by on that. meanwhile democrats are taking aim at president trump's 2020 budget proposal, with presidential hopeful elizabeth warren at the helm tweeting out, quote, a budget is about more than numbers. a budget is about values, and the budget trump released today is another big wet kiss to the super rich and giant corporations and it guts

programs for everyone else. will this appeal to class warfare, hit a nerve with voters? what do you think? >> i think it will. the republicans are supposed to be the party of fiscal responsibility. we've now moved the goal post that we were going to have a balanced budget in ten years back to 15 years. you're going to be increasing the spend at the same time you're reducing social programs. i'm not sure how this plays in 2020. it is not strong messaging. if you had a budget that's severely reduced spending, that's something the republicans could get excited about >> this rhetoric about values and numbers is rich. yes, budgets do reflect what you care about, but there's also the value of spending within your means, and the fact is, you know, everybody's going to talk about the drastic cuts here, the cuts that are being proposed are nothing. we're going to spend 60 trillion dollars over a decade. we're talking about 2.7 trillion in cuts. that gets us nowhere. i think we need a lot more of it, but the fact that people are

attacking the president for drastic cuts, what are you talking about? >> well, i don't think that -- >> what are you talking about? >> i don't think they are attacking the president for drastic cuts because i think -- >> that's what liz warren said. it was in the quote. >> on what the president is cutting, not -- we're going up in spending. >> yes. >> we should be clear. we're not talking about drastic cuts. >> senator warren is. >> if you let me finish. let's do the math. i know you are a harvard guy. [laughter] >> the math is their spending is going up. the fiscal deficit is going up. so we know that the budget is not being cut. we agree on that. yes. thank you. >> except for senator warren is complaining about how much it is being cut. >> i know, but we know it is not being cut. would you agree with that? >> yes. >> so the budget is not being cut. what the democrats are talking about, and by the way, i think the republicans will be yelling too, they are cutting to

agriculture, the tariffs hurt agriculture now they are cutting it. they are cutting medicare, medicaid, i think if we listen to what happened in the midterms healthcare medicare and medicaid are something that president trump campaigned on he would not cut. the things that warren is talking about is where the cuts are because he wants to spend more money for his border wall and more money on military, but we're not cutting anything. we should be clear. we're adding. we're growing to the deficit. >> yeah, robert, i agree. this budget is a disaster to me. somebody has hijacked the republican party and replaced them with free spenders and no free traders. you could actually have a democratic moderate run the next election and run on free trade and fiscal responsibility because the republican party doesn't have anybody like that right now. the problem, though, also is the farmers. >> exactly. >> the farmers that have lost soybean contracts forever, not for a year, forever, to brazil because of this stupid trade war that has been started by the president, and now you have a cut to the very farmers that are being hurt so badly because of

this trade war? to me, we're the most spending in our country's history. running trillion dollars deficits. something is very amiss here. david: let me say one thing about what liz warren is complaining about and democrats are complaining about, 10% cut of the labor department, for example. why don't we cut 100% of the labor department? why don't we cut 100% of the commerce department? why don't we cut 100% of the department of education? can anybody argue that for all the trillions of dollars we've spent just on one of those departments, education over the years since jimmy carter started it that education is better in that country than it was 20 or 30 years ago? i would argue not. let's get rid of entire departments. >> david for president. we don't need more spending. we need to spend more wisely. >> here's what's amazing we are complaining about warren on a budget of 4.7 trillion, that adds to the deficit, hits

farmers. >> it doesn't matter where the president cut money. she would complain. it's not about the department. david: that's the last word. joe biden offering more clues today about the likelihood he will be running for president. what would a president biden mean for business in america? we will debate that, coming next. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. to be nobody but yourself in a world which is doing it's best to make you everybody else...

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>> i appreciate the energy you showed when i got up here. save it a little longer. i may need it in a few weeks. [applause] david: they liked it. that was joe biden earlier teasing that he will be joining the 2020 race for president very soon. so gang, what would a biden presidency mean for business in america? >> i think it would be fine, david. i think if you look at the last two democratic presidents, we have had a good economy and tremendous stock market under both. a moderate democrat like joe biden i think would be fine for this economy. the worst-case scenario is if the economy turns south, we have a recession and somehow a socialist has won the primary nod for the democratic party, that's when we have something that could be bad for our country. that's worse case scenario. >> i would agree with john. i think joe is the moderate. i think this country is losing the center. we need to get back to the center. i like a lot of the things joe

speaks about. we spoke a week ago when i spoke to joe, so, you know, i'm a big fan. i have known him for a long time. i think -- i hope he enters the race quickly. >> i think there's a spectrum for business. certainly without a doubt president trump is bar none will be the best for business. certainly bernie sanders is going to be the absolute worst for business. i think biden is neutral. i can't imagine that he's going to have amazing fiscal policy. we're probably going to be in a scenario where we're headed towards a slowing down of the economy, and i don't think he's going to have big bold ideas, but i don't think he's going to do that many things that are so detrimental to the business community that it actually ends up hurting the economy. >> can biden get through the primaries and not get just as far left as everybody else he's running against? it seems to be his only way to get through that is to go left in which case we're not going to get the moderate biden, we will get the biden that's shaped by the party he's a part of right now. >> i'm going to respond to

carol. >> you can't ignore that. >> i will answer that too. the reason i think it's different with trump and bernie versus a biden is because i think we will get better bipartisanship with someone like joe biden. right now it is so polarizing, you can't get something everyone would agree with to pass in this congress. i do think if we get back to center, i think we can pass infrastructure. we can pass -- maybe i'm being idealistic but i want to believe that we can get that. >> you have been an economic advisor before. you know biden very well. what kind of pro business policies would you imagine he would bring to the table? >> well, one, i don't think he would be for tariffs, okay, and that i don't actually think most of the country is for tariffs. i know we have debated this because it gets passed to the consumer. i think he would be different on trade. i think we would have different discussions. most of us were for tpp as opposed to have a complete match with china. there's a lot of things to discuss, i think unfortunately in this polarizing environment

you can't get anything done. it hurts us all. david: he does have a record. his record was as a cheerleader for president obama when he was vice president, one of the things he was cheerleading was the stimulus, the power of the stimulus program to create jobs. have we all forgotten the summer when he went out and was promoting the jobs stimulus plan which did not produce the number of jobs that he said he would? i mean, you're going to be faced if he is the candidate for the democrats with two track records. one of president trump who has specific numbers that he can come in with and one with vice president biden who didn't produce the numbers that he said he would through the stimulus. >> david, i'm going to have to respectfully disagree with that because in the last 25 months of president obama, we had 5.4 million jobs created. in the first 25 months of president trump, we had 4.8 million. no matter what, math is still math. 5.4 is greater than 4.8. the trajectory of the last 25 months versus the first 25

months have been better with obama than trump. that's a fact. david: he came from practically 0 at the economy. >> you are a numbers guy, you know in a business cycle coming out of the worst recession of all time which by the way he had the slowest coming out of that of all time versus a business cycle where we already thought we would be in a recession, trump extended the life of the business cycle here. >> we don't know yet. david: go ahead. >> we're talking about joe biden like he is going to be the joe biden from eight years ago if he gets the presidential nomination this year. i'm sorry, but it is a different context. he reflected his party when he ran before. his party has changed. why is he not going to reflect that going forward? i think you will see a biden that has to shift to the left if he has any chance of winning the primary and getting the election. david: that's got to be the last word. ocasio cortez is joining warren in her call to regulate facebook. does she have a good reason? we will debate that, coming next.

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david: congresswoman alexandria ocasio-cortez is adding her voice to a growing movement to break up big tech. she says just because a monopoly business happens to be online doesn't mean it's good. facebook may have its own problems, but it's starting to look like our society, namely our democracy has a facebook problem. >> you have an instagram star who shows no interest in getting off instagram. making her whole career on instagram and she is telling us we have a facebook-ina gram problem? >> i think it's funny the left

is saying this. the people affected by the free speech being shut down in social media are the people on the right. i think that's fascinating. >> this came about because elizabeth warren says break up large tech firms and facebook took off her advertisement. she took off her advertisement for the presidency because of that, then put it back on and said we made a mistake. >> what other business can you walk into and disparage that business. no other business would let you walk in and use its resources to disparage the business. >> it's the largest repository of cat videos in the world.

if you are getting your news from facebook, you are an idiot. they went after the blanks and oil companies. it's the new red meat of the far right or far left. they are going to keep going after these big tech companies. david: they better start worrying about the green. they were depending a lot on silicon valley in the previous elections for money. how do you break this up? you are going to break it you have into instagram? it's a ludicrous idea. >> warren is talking about making these utilities? due think a utility will have less political bias involved? david: have the democrats written off silicon valley?

>> this election is all about the grassroots donors. no one wants the big donors anymore. it's just the opposite. david: i have never seen a politician turn down money -- well, occasionally. that does it for bulls and bears." >> i would think about twice about getting on the plane, truthfully. i'm not going to be dishonest. the initial data is similar to indonesia in terms of the unusual climb and the dive. out of an abundance of safety concerns and common sense, it makes sense to ground the aircraft until we have further information. liz: boeing under massive and escalating pressure in the last couple days. the u.k. and