thanks so much for watching "strange inheritance." and remember -- you can't take it with you. [ train whistle blows ] david: around the world and across america, hundreds of thousands of students are skipping school today in more than 100 countries. they are demanding adults work to find a solution for climate change. some students have been ditching school on fridays for months to reportedly promote the cause. shouldn't they be in school learning about science? the environment and the political process? hi, everybody. happy friday. i'm david asman. joining me on the panel to debate this and more, kristina partsinevelos, jonas max ferris, gary kaltbaum and adam washinski.

>> we want to put the green new deal in. >> there's not enough about climate change. >> fossil fuel helps to power our world but are damaging our world at the same time. the temperature is rising rapidly. if we don't act now, we won't be able to fix our environmental issues. >> we are talking about bipolar weather conditions. yesterday it was bright, sunny and warm. today it's not going to get above 55. i'm shivering. david: a bipolar climate. that's interesting. guys, what do you think of all this? >> my brains are already fried by listening to that. >> oh, gosh. >> they could have spent the day at a boys and girls club or a children's hospital volunteering, helping people out. instead they are protesting because they are being told by other people that we can stop hurricanes and we can stop the cold, we can stop the hot and we

can stop -- when we can't. they are all this oozes is a money grab. i wish this would end but i think we are just at the beginning and it's only going to spread even more. >> they are leaving school so they can be punished and get the attention because they made a pact with the school that they would stay in school so that's one side. we are looking at the entire climate change debate. we should be talking about the science behind it. too often the science is political rhetoric coming from both sides and we are not talking about gas emissions or polar caps melting. that's what we should be debating about and i'm still confused on how this is a money grab the kids are missing school. >> let me answer that. the u.n. has called for major taxes for climate and all of a

sudden pelosi is calling from these committees for committees rather committees and they are all talking about higher taxes. it always ends up with our wallet when all is said and done. >> okay so this isn't really a conversation about climate change or it shouldn't be. with the students are talking about and i've heard a couple of things i really object to. one is that they are playing hooky from school and the second thing you said david they could be in class learning about government or activism. they are out doing government and activism. they are not playing hooky. playing hooky is going around the corner to the mall and smoking a joint or something. that's not what these young people are doing. i was there in 1970 as a student on the first birthday and i had a ball. there were bands and there was music so come on. you are using your experiences with theirs. we are not talking about you

necessarily. >> first of all is someone who has played hooky in his day for very bad reasons compared to what the students are doing i would agree. i will also say the students at the end of the day there are three ways to solve this crisis. one is political where you have politicians waving caps and the others economic taxes on carbon. the real solution is probably going to work because those are never going to work. the science and figuring out how to burn coal in the first place. you have to cool the earth and that's how it's going to be solved. people need to get more science degrees and not go the political or economical route because that's a dead end. >> there's another problem which a lot of people talked about at the time it does relate to what i was saying about the kids being in school. a member and senator dianne feinstein was confronted by a class? they were kids there and

teachers there and everything. they were lecturing to her. she had to fight back a little saying i'm not opposed to environmental controls and i know what i'm doing and you guys go. a lot of folks said kids are getting it from the teachers. if i was a parent of one of those kids i wouldn't want propaganda used on my kids. >> these are the students are currently learning about science they are taking the class work. we are not scientists. they are going through this in class talking about vacuoles and molecules so they are discussing it so it's more relevant. >> when you listen to them it was right out of the book of the climate change activists. if you didn't believe the science is a twin to global cooling and then it went to

global warming and that didn't work so it went to climate change. speaking of that here is what pompeo said about climate change. >> everyone is talking about global warming is a threat to this country. if you look at the threats to this country where do you put global warming? >> i wouldn't put it in the top five. there are things that present more risks to the people i represent in kansas and all across america and the stuff that we talked about today in china the nuclear proliferation that exist are pakistan and all the folks who have those weapons systems. i think i have met five already but i could give you a whole list of threats. i think we can effect change in a way that will really make a difference for the security of the american people. >> david may i jump in on that? i think mike pompeo is entitled

to his opinion and i wouldn't quibble with any item on his list. that said i think we do a great disservice in quibbling with the top items on these kids list. they are upset about a very serious threat and i don't know why the would denigrate that. >> i think it's fantastic that they care about the environment. >> no you don't. >> excuse me. i love the fact that they are getting involved. i hate the fact that people are driving them to think -- i'm in florida. you can't stop climate change from coming. you can't stop tornadoes from spending. you can't stop yesterday in manhattan it was 30 degrees and today with 67 degrees. >> you may not know what you are talking about. of course you can't stop hurricanes. that isn't the issue. >> that's what we are being told. we are hearing that from politicians every day. >> gary, gary you are not and

classes. you are stereotyping and saying that's coming out of everybody's mouth but look these are kids coming together. it could be about anything. they could be fighting that lady gaga is coming to town. >> i go to that. >> the point i'm trying to make is don't stereotype this massive group of people. >> i would also argue i should be quibbling more with what i just heard. it's not a target on our threat list. it's a huge impact for global warming and florida. i don't know what your taxes are doing but they are raising roads because it's underwater and sunny days because of global warming. that's a reality affecting the pocketbook and it needs to be addressed more than on a local level. unfortunately i don't think the economist are assigned to deploy it. that's not a tactic that's going to work globally. politics so again we have to

have science and kids get smart. he will have to solve this mess with you made for us. >> you are talking about money and it's a good thing to talk about money and how much is going to cost and what is feasible and what is not. some of these kids in germany were saying in 20 years we are going to be completely what's the word comment he carbonized. we are going to be carbonized germany in 20 years. even if you had the trillions of dollars necessary to put windmills -- >> they will have a little say when he don't have carbon in germany. >> everything you have said is very smart but i'm sure your worker is made that we almost -- also need economists and people who study government because people do funny things. in japan you would have thought it was the craziest thing in the world to effectively not use nuclear energy anymore.

that's what they are doing and they have some reasons for doing it. we can say that's crazy. it's not scientific but that's what's happening. do you really think that in 20 years we can be completely carbon free? beto or work is saying in 12 years we are gone. >> but these things are aspirational. if a group of people and i'm just saying if the voters decide we should do this thing they can make a lot of progress toward doing that thing david if not doing it. >> adam i agree with you we should be aspirational about this but we also have to live in the world of reality. all this talk about the potential to change the weather, it's not going to happen. in los angeles jonas is talking about miami. how are we going to stop the

seas from rising if they want to rise? >> can i just make one comment? >> had to move away from science. so you have to embrace science. you might find it's not politically correct but those are going to be the solutions because no one is going to do the high tax locally. it's not political a palatable therefore we need to solve it scientifically including nuclear power. >> it circles back to the first thing i said that this conversation should revolve around the science and not political rhetoric. gary to your point he started talking about people who know nothing 19-year-old forget them. >> when an did i say they know nothing? i'd rather have these people involved politically environmentally you name it but i wanted to be in the world of reality.

i know quick last word. >> the difference right now they think jonas is spot on. either about the science which the president isn't even arguing against. it's more about economic competitiveness especially when you're comparing yourself to other countries countries so that so we have to think about when we move forward with climate change. david: we have to move forward here. chief strategist steve van and sitting down with gerry baker in an exclusive interview. what he says he thinks elizabeth warren is absolutely correct about. that's a novelty. you want to stick around for you want to stick around for that, that there's a lobster i in our hot tub?t. lobster: oh, you guys. there's a jet! oh...i needed this. no, i can't believe how easy it was to save hundreds of dollars on our car insurance with geico. we could have been doing this a long time ago.

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business. here's what he surprisingly had to say about democrats' push to break up big titans like facebook and google. play the tape. >> just came out this week and said the big tech companies should be broken up. >> these companies have too much concentration of power, the data ought to be in some kind of public trust. you have to go after facebook, google, these things have way too much power, and i think it's going to be a new populist message, and we can't let the democrats take that. david that was pretty surprising, guys, what do you think? >> i actually don't think it's that surprising, because this is where the right populists and the left populists are definitely going to come together. they both think there's too much power in the tech companies, and the democrats are the ones who have sort of been in bed with the tech companies, and that's really ending. i see a real possibility for something to happen here because of this coming together. >> so two points. the side for the technology companies, they are investing a

lot in innovation. in 2017 alone, you had amazon spend over $17 billion on investments. you can't say the same for ge. [laughter] however, on the flipside, what we're continuously seeing is these large companies buy up the small guys, so the small silicon valley or wherever they are making the apps, all they want to do -- i don't want to generalize -- they want the goal of being bought out. i think that's a slight concern, that maybe we should look at them eating up everybody. >> look, i disagree with anybody talking about breaking up anything because who's the final arbiter, and who's next? walmart. they do $500 billion, they're too big, we've got to break them up. what company is next? but let me say this, if anybody has earned the right to be looked at, facebook, i think they've abused what they have done. they've become a data-collecting monster. i think they do things they said they'd never do, and they're back away from it. i get it. i do believe steve bannon's

correct that it is going to be a big, big message going forward as we move towards the election. >> briefly, there are three arbiters, by the way. it's called the department of justice, the federal trade commission and the courts. they are the arbiters of this, and they will be. >> right. we've actually had the existing regulations, at least the entities needed to prevent this much power being consolidated, but during primarily, actually, democratic administrations it was allowed because voters like these companies. we get low prices, and it kind of got out of control. it has gone too far. to gary's point and to gary b.'s point, the government's not up to the task of probably breaking them up. that said, unlike an oil or phone monopoly required to be broken up, all you have to do is stop the acquisitions, and they're going to be competed out of business. the problem is they're not even able to -- google couldn't -- they tried to acquire them, and then they built these monopolies. if they're just halted from buying other competitors that

grow fast, there'll be competitors in the future. it's the tech industry. but they're letting too many acquisitions -- >> if you stop growth -- [inaudible conversations] >> exactly what i said. >> what you do is you stop companies looking to do acquisitions, and then you get some or worrisome things as we go forward. it's not what i want to see. capitalism is about the free flow of companies doing what they want to do as long as it's within the rule of law. i have to repeat once again if any companies have earned this, it's these companies we are talking about right now. you have to be looking at the public and how they think and, again, i think there's been some abuse. david: we have been here before. they said the same thing about microsoft, that it was a monopoly, that windows was a monopoly, id hat 100 -- it had 100% of all the windows built by one company. they were taken to court by the clinton administration, that was overturned by a superior court, and they finally settled.

but the company was not broken up, and as a result of that, the world did not end. bigness does not necessarily mean a monopoly that kills all competition, right? >> if anything, that's a very powerful and interesting argument. if anything, microsoft, david, might have been in better shape had they been broken up when this was all -- david: they're in pretty good shape right now. >> what's that? david: they came back pretty strongly. >> but it took hem a long time to take their balance sheet and their cash flow to get to where they needed to be. and during that time while they were big and protecting their monopoly, frankly, is when google came along. so sometimes it's a question of timing. >> let's also not forget the company is making so much money because it is still milking monopolies that they built in the '90s which is primarily office and the operating system. nobody really likes them, but they are cash machines. they are squeezing corporate america every day. >> i love them. david: they're also very hypocritical, because when google did come into their

territory, they were claiming google was acting as a monopoly. i cut off kristina, go ahead. >> how do we go forward with this? are we allowing these companies to go through self-regulation? gary pinpointed facebook, but there's a lot of stories with google as well, or alphabet, i should say. how do we mitigate this situation so we don't have to break them up. >> well, the interesting thing right now is you have elizabeth warren saying it, and now you have steve bannon saying it. so -- [laughter] strange the bedfellows, as they say. and i think this gets louder as we get to 20 20. >> i can answer that more specifically. elizabeth warren had two proposals. put aside her proposal about platforms not being able to sell their own stuff. the other thing she said was, to paraphrase, enforce the antitrust laws as they exist more rigorously. that's really the answer to your question. kristina, i think there'll bipartisan support -- >> you think it has to do with

us too as users, that we should care more about the value of our data finish. >> -- yes. [laughter] david: we've got to leave it at that. let's all end on a yes know. catch gerry baker's full interview tonight, they talked a lot more than just about this subject at 9:30 p.m. on wall street journal at large, that's steve bannon tonight. up next, a new poll showing name reck decision is growing with freshman congresswoman alexandria ocasio-cortez. we'll explain, coming up. ♪ ♪ (bird chirping) lots to do, hope you fuelled up. sure did. that storm sure ripped through. yep, we gotta fix that fence and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪)

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d7 teeseven a new poll showing the getting to know the new congresswoman ac are they more they seem to dislike or look at the new poll showing half of us adults were unfamiliar

with her in september now only 29 percent don't know her but as her visibility has increased, so has our unpopularity at 15 percentage points up from september. we'll support for her deal wayne among democrats quick. >> i think this is the way politics works obama had this and trump really has that you just cannot beat mitt romney you have to have people think you are cool then they really hate you. [laughter] so once you get into that power so ultimately the green deal will die but it will also have power so the fact we are talking about these bizarre economic theories and it is a

topic because of this young woman i don't think it will stop her with this policy in the world of 4 percent unemployment will make any sense to the average voter. so a 20 percent unemployment that will help us get out of that. nobody will rock the boat. >> but it is our job to talk about the bizarre economic theories. it is our job to talk about bernie sanders that will destroy this economy with all of his economic wants. i think teeten is injecting herself into everything that is out there. then we cannot tell people we have to get rid of air travel i can explain why not but then that would waste my time she needs to take a step back inks about things before she says them and a promise she will be much better off and i will even listen. >> i agree because it seems like she is spreading herself then commenting on every single aspect so a lot of

people say you are brand-new and you lack experience, we enjoy your enthusiasm but maybe you should focus on a few particular issues as opposed to interjecting yourself but with the green new deal we knew that was dead on arrival and not going anywhere. has sparked debate with new policy and the modern monetary theory i never thought that would be debated on television. >> without commenting at all whether i agree with her one way or the other no denying she is extremely impressive not just young person but politician. she knows exactly what she is doing. that she go overboard a little bit? sure. tell me someone and letting the current president who doesn't go overboard now and

again with their opinions and enthusiasm. she has a long way to go. she is lose one - - learning lessons now about spreading too thin that is a small price to pay teeseven i wonder if those democratic candidates if they have regrets? because a lot of people who are serious people looked at a 94 trillion-dollar program she said she paid for all you have to look at the 2 million percent inflation to know that doesn't work out so well that beto came out to back the new green deal so she still has a credit and let me say i applaud her she built a lifer and is a representative she is definitely involved i just wish i could get to sit down with her for three hours to teacher about capitalism

instead of the other way around. >> i don't disagree there are things in this proposal that will never go anywhere. but that is what it is. it is a proposal she didn't drop a bill in congress but a transparent political manifesto to say let's talk about this what are we doing. >> that's why people get on board. so financially it's not feasible at the moment but it is a stepping board. she is doing a good job to cater to the audience with the rise of the socialist movement of the younger millennial's that our happy with the proposals she is putting forward. i know our viewers go on twitter to say don't even bring it up but we have to

address it and a lot of politicians believe she is going somewhere with good ideas. >> i'm sorry that was not a proposal or a stepping board that was a nightmare and if it even got close to done it will destroy over the last 200 years and she really does need to take a step back and become a great politician instead of jumping out that was a huge mistake on her part and her numbers have gone down that is the best political branding campaign anybody has done that even willful unemployment because of the crookedness going on it looks like the game is rigged we know it's not rigged but that is the

story they can solve. >> are you kidding me? come on. >> coverage in latin america i went to cuba and if you want to see rigged go to a communist or socialist economy that goes so far beyond a capitalist country. >> that we should try to improve our system. >> but not by making it worse but adopting socialism that is what i am saying. >> so turning that system into a 100 percent rigged. >> with the democrat opposition some still seek to make changes to medicaid but are there proposals on the right track?

. >> we had states where they will come into suggest ideas i don't know about any per capita but those that have block grants recap at restructuring with that populations i do not know exactly how many. >> alex cesar saying his department is putting block grants without approval tennessee utah and arkansas to step up efforts to pursue those block grants work requirements are a part of

this and other changes to medicaid. >> the wrong track is doing nothing i took out my abacus and it says last year $630 billion was spent on medicaid one out of every five people are now on medicaid that is 75 we cannot continue this trajectory look at it and do something about it. has to be places with better efficiencies. >> the first point is the work requirement it's great to work 20 hours people need to be back in the workforce i know ohio and montana is voting. drug testing is a good partnership between the agencies doing the test in the people because it helps them overcome to pursue the

reasonable expectation but it is a cycle that happens six people that cannot work then they cannot afford health care so how do you break that cycle sometimes they say you do need that government aid to help those people break that cycle there is a couple problems that everybody wants to seem to go down for medicaid for all the boys were all gonna go broke you cannot state a system but doesn't have good medicaid it will bankrupt because there will be a tax base but what they really should do is to have a system to make you want to work it is called the earned income tax credit one the other is called prison. [laughter] the point is they should focus

this is for obama care is a failure to produce healthy outcomes don't drink soda or exercise if people can smoke marijuana then run a marathon i want them healthy. >> i completely agree especially with the last part because i was listening to all of you talk about that that segment was wonky but this is the perfect argument for the tax system because you can institute all the wonderful things when it is one entity, our government paying the bills. we are already going broke.

jonas you talk about how in order to go into that direction of what adam once you need to radically restructure the tax system with a value added tax hike england that is why it cost so much. >> but a government takeover of health care they have shown they have no efficiency or effectiveness. >> as far as the government takeover of health care there is no profit motive and if you make everything, just go read about the united kingdom right now and the wait times you have wait times for surgery and everythin everything. >> keep it on medicaid because the fact is that we talk about the one payer system that medicaid itself is going broke. >> no matter how much you like it, it is going broke so how do we fix it quick. >> so the doctors have four

hours to do it in my partner is a doctor but also we have to work on the inefficiencies of the system to be passed down to the state level they are not officially distributed at such a high cost in these hospitals. so how do you overcome that? there are so many players that need to get involved from pharmaceuticals to the high cost of medical school and the doctors being paid a certain salary i don't know the solution at all that it takes everybody. >> you put your finger on it medicaid is not a single-payer. >> i don't know if it would work i don't know that it wouldn't but medicaid is not working. >> it is a free train ride and everybody is getting on. and hhs says they have used wages i'm not lying. >> we will not solve this year

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david: tesla shares are tumbling closing down 5 percent after the company

unveiled the crossover utility vehicle the new suv is slated that appeals to the masses and they are calling an underwhelming and serious concerns about cash flow since the new model will not be delivered for another year and a half. is this just a blip or a big red flag for the company quick. >> a big red flag we have been watching production issues he says he has canceled production issues he has not and then profit it will get worse when sales are not there and remember he makes $1700 of pure profit off the credits. - - per car if the president decides that is over with then he is over. >> my concern is this company there is a take away from elon musk he is a genius but with a

luxury high end product organic food it is great and they do not have that gas guzzlers but the transportation like the model t before that would ever do that? it seems like the battery packs are just too expensive would ever do that? it seems like the battery packs are just too expensive but when the day did theirs and they are still at the 30000 car range but his problem is the cost of materials with cobalt lithium and mercury all the rare earth minerals in the batteries and we still have a solution for any car manufacturer down the road for recycling them like take the end out of the cake. you can't. that's the biggest problem.

. >> so with those inconsistencies the latest and then you have seen them but what does that mean to you? with a major corporation quick. >> i'm sure there is a red flag you cannot go out one day and then close all the stores great that is the direction you have chosen but then two days later he changes his mind so most of the cars will get more expensive but then they will stay cheaper than i have super low cost cars with a lot of unhappy customers i think it is a huge impact i think the sec will have questions for him at the and of the month. >> so what do you make that he cannot get all the other things right but yet he has a brand-new car maybe should be getting jobs in order before doing something else quick. >> i agree but he is all about

the hype but it was uneventful i was surprised normally he is a showman but he was very low-key. and that is concerning to a lot of investors and people in the industry that our big fans you can see a lot of people are not happy. what are the details? go online to build a car if it is a 2500-dollar deposit if they put $100,000.1 - - 100,000 cars on order that is not enough for the factory. >> and the last window of seven seats the cfr a-letter said it was a little underwhelming i think the concern of the stock price dropping his delivery models were expected the first half of 2020 now the later half so that could be an issue but more forward what do we think about all the other guys who are getting in the game like

ford and ferrari? everybody is entering this market. >> brands like audi and i have driven all of their vehicles they are doing a great job we drove high-end day with the utility vehicles there is a lot of hype the reason you are getting so much love from consumers you can go to any dealer you can get parts and service and they will stand behind it and those that are waiting ten weeks most consumers will not stand for that. david: do they even have a place to build these models at this point quick. >> no they don't even have a plant. >> i'm pretty sure they are doing it at the battery factory not at the regular factory. >> honestly they are not sure because they don't have the space if you do some research they do not have the space there you cannot build a factory in six months.

>> i would think that with the stock price is hit on what they think is good news that could be interesting. >> always a pleasure to see you. >> to shorten your workweek you might want to learn how to flip patties. flip patties. next. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪

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david: four-day work weeks are no longer just for the french. shake shack is experimenting with four-day weeks. >> if this is going to happen, it will happen in a robust economy like this where this is seen as a benefit. i personally would like to work

a four-day workweek. i'm an advocate. >> i'm jealous because i know the stock market is open five days. don't people want to make more money, work more hours and do more thing? to make more money, you have got to put in the time. i am not understanding this, but i'm a capitalist and they dock what they like. >> 9:30 to 4:00 is pretty cushy. >> he also got rid of tipping at his restaurants. this an interesting experiment, if you work less are you more productive? we'll probably find out more pluses and minuses like he did with the tipping. david: they are getting paid for 40 hours and working 33 hours or

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