that he's going to be charged with could relate to what he's already been charged with federally. >> yeah. paul: tweet us@jer on fnc. thanks to my panel and all of you a great happy st. patrick's day i will see you on monday and maria bartiromo's next. . >> happy weekend welcome to the program analyzing the week that was in analyzing the week ahead we have another jam pack show coming up in a few minutes nelson is with me and will join us momentarily then alan greenspan my one-on-one with the author of the leading technology investors around to talk at the latest troubles for facebook it has been a stellar start of 2019 for

nasdaq the composite index surging because a thriving technology sector moving into nasdaq investors conceiving greater gains as the ipos are on tap to join us is the president of the nasdaq stock exchange. >> thank you for joining us. so what a big week it was with uber going public you are about to have a huge year with ipo quick. >> we think so we had a little bit of slowdown with a government shutdown so now the unprecedented ipos coming in april and may and june. >> i was stunned to see at the end of last year even with all of that market volatility and decline sure we have a huge

slate of companies ready to go. >> it was slower but now more volatility in the marketplace 50 percent year to date and now they are going. maria: are there sectors you think will be more so than others if they go public? . >> a very healthy ipo market has two thirds coming from technology and financials on the next category so we see that right now with health care companies and enterprise with the mid- caps the largest names are in the tech space. >> why is this happening in the ipos? the sec or money on the sidelines quick. >> there has been a healthy one building for years and there is a coincidence with major names going out at the same time there was a positive

year for these enterprise technology companies so much money flowing into capital there is a steady pipeline of the broad-based companies but this mega cap issue is unique. maria: you make a really good point with venture capital and private equity, lots of money out there are swimming around looking for investment and tech is where the growth of the economy is. >> and with health care an unprecedented number going out and that will continue. maria: i are expecting to get the big deals like uber quick. >> we fight for them all we are excited about our chances. [laughter] maria: what about china? for a while there the chinese ipos are is where the money was has that slow down quick. >> no. actually was the most last

five years this year it is large in the pipeline most go in with the technology space for the market opportunity so think about the headline with trade that is at the impact. >> have you had pressure from the administration not to take any ipos to tell china you cannot go public with these markets quick. >> none whatsoever. >> you would not expect that but that would be a hard card to play quick. >> it would but we don't have any discussions going on like that whatsoever. >> with that sentiment how do you characterize after we had a year that was flat even though the year before was so strong quick. >> it is positive now so we see corporations with 2018 a good reporting structure and we are seeing companies perform very well and the

markets are healthy. maria: even though you have these expectations of things slowing down you had a very good growth story last year with the headwinds for the tailwind rather of the tax legislation burnings are expected to be way down so how do you see the global growth story? us is particularly strong compared to the rest of the world not as strong as 2018 but there are pockets of strength for sure and the technology is one of those companies are investing in technology to include efficiencies and expand so it may not be as strong as before but still healthy in our eyes. maria: we will talk to alan greenspan and ask him about europe and china. what about europe from your standpoint quick. >> it is slower there is a lot of ambiguity with brexit comparing us ipo market compared to the european ours is much healthier. there is a view the us right

now is positioned. . maria: us is still doing well so where is the growth specifically? can you identify where it comes from quick. >> where the plane takes me to do the deal. [laughter] we spent a lot of time in texas and boston area, must one - - massachusetts, health care companies and tech on the west coast and in the midwest also the pockets of growth tend to be the northeast in the west coast. maria: thank you for coming in. nelson don't go anywhere my interview with alan greenspan's next. we spent from capitalism not

socialism ♪

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but hey, we're all in this together. right, champ? -i'm getting more nuggets. -how about some carrots? you don't want to ruin your dinner. -you're not my dad! -that's fair. overstepped. maria: welcome back for two decades alan greenspan was the chairman of the federal reserve during his tenure he was credited to oversee the longest economic expansion ever. doctor greenspan is also a best-selling author how the 13 colonies evolved in the economic power and joining us right now thank you for spending your weekend with us. >> thank you very much.

so lately we are having mixed signals with the entitlements and the debt are very important subjects for you but let's start with growth we are expecting growth to slow down versus what we saw last year but we cannot argue with that unemployment story and capital expenditures are coming back so how do you characterize the economy today doctor greenspan? . >> i agree with what you just said that the question is how far capital investment welcome back that's the key question. that will define the economy but if it doesn't we will look at stagflation. but a very slow and sluggish economy with the gdp at

2 percent annual rate. maria: we are expecting a deal in us and china but now meeting between the chinese president and present travel not occur until april china made by more soybeans opening to financial services but the big-ticket issues like it theft, forced transfer technology, espionage has not been addressed. where are you on issues around china? . >> i am right where you are. they have not been addressed. and to understand what this is all about basically tariffs are an excise tax. if you impose tariffs on goods ultimately you create a system

which is imbalanced. the trade wars for both parties because they are creating taxes the country that wednesday trade war that the ideal state of the economic system of the powers that are nonexisting that with the united states is an original source of revenue. maria: which is why the chinese economy has seen an impact with the slow down and you have to believe ultimately the us has an impact as well.

do you expect a recession anytime soon in the us? . >> i don't think recession is the right term. a sluggish type of system out there but stagflation is a term which is a combination of rising unemployment and rising inflation. either one of those that is the direction of which we are headed but that is not definable as a recession but surely slow growth. maria: let me ask you doctor greenspan, writing a book about capitalism in america why are we having a conversation about capitalism versus socialism? can you please tell our audience the difference or maybe some of those massive radical lefties that medicare for all and the green new deal

sound like socialist programs quick. >> first of all, get the definitions correct. capitalism when all units of production are owned by private individuals. socialism the same means of production are owned by the state. so if the individual society that all work for the government and are told what to do. it's difficult to understand because one thing that comes out of this book is how extraordinary the united states growth those capitalist

forces so to speak they are just fascinating and with periods with laissez-faire capitalism with those extraordinary examples. maria: capitalism has lifted people out of poverty. yes quick. >> absolutely but that growth stand - - stems from capitalism when the average person's salary is either directly related to capitalist activities or indirectly but in all cases the average worker benefits. maria: well said thank you for joining us good to see you

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over sharing of data with ever other technology companies to executives have left even the earliest investors are questioning the business model and roger from elevation partners. >> facebook brought this on itself. that companies have had more than two years to recognize who is responsible for the consequences of his actions and to embrace the mission to protect shareholders to sacrifice the business model to do that so the failure there is a tragedy because it's a great company and a wonderful product i was proud of for a long time but like sheryl sandberg said here on a business based on trust you have to do what johnson & johnson did but also with the 737 max the first thing you

did is you protect it and their failure to do that in my mind it is very sad because they're all these other people who should be giving good advice who did not do it. >> but isn't this the business model? you have their data advertisers collect and pay for it. . >> it's scary because google really invented the model facebook amazon verizon try to get a piece but the notion was that they would gather data everywhere they buy health information and credit card transaction records and location from cellular carriers everything we do on the web and putting that together and then they act as a portal if you are a marketer

you have to pay them. but if you do you get perfect information we as the customer at a total disadvantage because we are limited by the data that we have so what they are selling to us is perfect that is not capitalism it is totally unfair. maria: so you could get an e-mail from you ever just to say roger you are on sixth avenue and there is a pizza place around the block the same when you ate at last week go there now that location data trying to understand what advertisers are doing. >> it's the whole notion we are a source of data we are no longer human beings. why is it legal for a company that offers you e-mail to scan the content?

why is a legal for the credit card processors to sell our transaction history or cellular carriers to sell our location or to sell the data. maria: how come we did not know about this before hand? why now all of a sudden quick. >> they tried really hard to cover their tracks. so now we know what they are doing is no different at the turn of the 20th century like penicillin in the 21st century because google and facebook hired every intelligence person and they would hire whole departments so there was nobody available. and then we see this with google in china and then they say you cannot regulate because you need our ai and

then to say word you like our search engine based on the same? maria: you are hitting on important things yesterday general dunford chairman of the joint chiefs of staff told a senate panel that google is helping the chinese military indirectly and the state owned companies inside the communist nation. we are not working with you or with those immigration policy we will walk away from the deal at the pentagon and they are willing to help china. >> because after 9/11 when everyone was terrified it was very convenient to have google doing surveillance on everybody but they didn't think what is the downside. maria: my thanks to roger don't go anywhere we will be

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weekend. every weekday right here on foxbusiness to an in between six and nine with mornings with maria join me every day have a great weekend i will see you next time. . >>. >> welcome to the "wall street journal" this is a intriguing new detail about the lifestyle of the rich and famous yes content of buying themselves privileges tv stars lawyers and financial chiefs have been paying large sums of money so their ambitious but not very smart kids can get into top colleges.