so much, risk jail. risk all of these things to try to get into a different school, their kids. connell: take someone else's spot in the process. go way thank you for joining us. melissa: bulls and bears starts now. david: president trump out from under the mueller cloud, could sunnier economic times be on the way? already administration has public on its side with the economy, a new "fox news poll" shows more americans approve of the economy under president trump, and viewer voters feel nervous about the economy. this is bulls and bears, glad you could join us, i am david asman, on the panel liz peek, and jonathan loni hon hoenig an. >> i think that th the agenda ss the same, president may try to

put more regulatory cuts, there some reality that is the dems in the house will drive to the hoop with dozens of investigations over next couple of years, and other part is what we're seeing in market, you have an inverted yield curve that often predicts trouble ahead. with europe already weakening, as well as japan and more than likely china, this is something that has to be watched closely as we head to the middle and end of the year. >> hard to over state how good this development will be for the president. you have to keep in mind the way average person concerns news, they don't really care about collusion and this and that. to average person, theorist people looked at donald trump for a couple of years and did not come up with anything, this gives him a path. they will say mueller, mueller. this gives president's fresh start. >> i think you are right, it

really allows president to charge ahead, talk about the economy talk about things that really matter to the american people, his approval ratings will begin to tick up. because this is been a huge cloud over the white house. and by the way, polling we just talked about, comes on heals of a cnn poll saying 71% of the country is happy with the economy, we've not seen since 2001. >> it is all about the economy, there are warning signs that gary alluded to. to the week lows and week highs there are reasonses for concern, president has a great opportunity now, we know that freest economies are the strongest, take this opportunity now that mueller is behind, deregulate, cut spending and end the trade war. >> inverted yield curve.

david: not too technical. >> i don't, it would have been a very bad idea to get out and invest in market when it happened, you could have a couple of year of find growth and good returns, i think average person is saying, i have a job, things are going well. you know my investment account is up and you know when we roll to next elections it will be a tough thing to sell against. david: and the animal spirits are high. a businessman in white house for first time in a long time, had. you have all kinds of posebilities now -- possibilities now, some democrats thinking our party has gone too far left, maybe i will go with the republicans on a tax cut or whatever. >> or maybe infrastructure, maybe things ahead that both parties become together on. democrats have to show they can govern, their entire campaign is

not just opposing donald trump. they do have a lot of far left items, but in terms of what they can do in congress ha let's see. >> throwing just a little bit of cold water on this, you have democratic candidates not just talks about left, but they talk about carbon taxes, 70% tax, 90% tax, green new blob. and all that, i don't know how you overcome that, if i was the president, i would take the offensive right now and talk about where the economy is how much stronger it than all other developed nations and why, talk about the tax cuts, for me regularrer to cuts are huge, you talk about animal spirits every small size, medium size business i talk to talk about how this has unleashed them and they think so much differently about the environment, he should jump all over that.

>> not animal it is business. >> business. >> profit teak seeking business person spirit. david: it's an expression jonathan. >> yes, i know that. set that distinction, president has an opportunity between his version of capitalism and leftist and democrats which are so pro socialist rights now, if you believe in capitalism in america, it is hard to go with the democrats. david: there was concern about your trade deficit growing about a week ago, but our exports are also growing, americans are buying more, building more and selling more, you talk about animal spirits jonathan, people are energized that energization is making people work harder.

>> people has it in his hands now to boost this economy, if he come to an gramm agreement witha on trade the markets will rally, the world markets would rally. >> i would love to believe it i think that the ability of president to boost the economy is overstated, i think that most powerful force in the universe on interest rates, the fact they are no longer rising right now will mean there are no longer good alternatives to stock, i think if we get longer out of this expansion, i am not with you on all reasons and economic miracle working from the white house, but i do think thing are good right now and average vote irlikes it. >> pushing back on that, i think this president really changed the playing fielding from the last president, with all due respect to barack obama he was the regulatory king of the world with the championship belt on it, and trump dropped thousands

of regulations, onerous regulations that let businesses get going again that changed playing field, to think that the president had a lot to do with it i'm not sure. >> that is right, free economies are most productive and prosperous, and jack, i'll push back too. industry by industry basis, if democrats were in power there would be no fracking, it would begun we -- it would have been gone. cannabis is up more recent example, ware where freedom is present. >> you are -- that trump train, yoyou are leaving me at the station, i wish you a nice trip but i feel good about the economy. >> i think again, what we saw last year, from moment of the election, was optimism coming up or increases from business people. and investment followed, from investment you get higher productivity, people coming back into the workforce, those have

really boosted growth above what everyone expected. we had a slow town, just to go back to the inverted yield curve that happened in 1998 there was mo -- no recession. david: all right. >> en jerry -- >> the world is slowing down? the question is whether they will drag us down as well. i think that economy is going strong enough. >> michael avenatti, former attorney for stormy daniel has been arrested and charged in two criminal investigations one involving nike. wait until you hear who else has now been caught in the web. details in the fallout next. >> my engaging in conduct alleged in the complain, avenatti was not acting as an attorney, a suit and tie does not mask at tie at its core this was an old fashion shake down.

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>> during the investigation, if to his financial demands his words, i'll go take 10 billion dollars off your client a market cap, avenatti may have been expected to be paid up to 25 million dollars with 12 million to be paid up front and deemed earned when paid. >> turnin attorney avenatti fact least 50 years in prison, prosecutors from new york alleging he trying export

millions from nike. reporter: prosecutor on charged avenatti with attempted disportion and bank and wire fraud. he would hold a press conference accusing company of misconduct, report hurricane harvey wanted o pay him 20 million dollars under the guys of legal work to keep him from making accusations about the company, nike got in touch that same day with authorities in southern district of new york. avenatti, through other court filings, said avenatti for his part threatened to take 10 billions dollar off nike market cap in a fine call, in a line, i am not f-ing around. we'll put this on the screen, we'll hold a press conference to disclose high school college

basketball scandal by nike, that involved some big names in college sports. college basketball. nike rather released a long statement, i will not read it but i will tell you tag line, nike believed in ethical and fair place in business and sports, we will continue to assist the prosecutors. when mr. avenatti attempted to carry out this extortion if you like, many reaction, on the west coast, as you alluded to, california unveiling several charges of bank fraud, wire fraud, there, he is accused of embezzling a client a money, defrauding a bank, separate changes but this is a theme, air character theme, if you like. we rose to fame representing adult hirepresentingfilm actreso sued president trump could regards basically nondisclosure

agreement. getting out of that with the affair she alleges happened between the president and herself in the years 2000. i want to make this quick note after the changes against avenatti were made public, she actually weighed in saying'ing what i know about michael avenatti, i am saddened but note shocked, we has felt with me dishonestly there will be more announcements to come. those 50 years you referenced as maximum that is new york only if california follows suit, the total maximum if found guilty for both cases, up to 100 years. according to one legal source. david: i already ta as well, thank you deirdre bolton. >> as i came on sit, we heard about mark gare goes -- geragos, cords to "wall street journal" may be a confederate to the crime he's accused of in new york. with us former doj prosecutor

james trust we this new of geragos allegedly being involved how strong do you think that government's case is. >> hard ton on geragos part that is so late-breaking. but, for mr. avenatti, it is a prettied abou bad day, they loog accompanied with a solid paper trail, and consensual recordings made by nike folks, it is not type of thing where a prosecute are relies on someone like michael cohen to name another lawyer in the news. so, they look up hill, but this is early, you can't make judgment base on press conference. >> this liz peek, i am astonished how stupid this seems to be. we all know avenatti as a self promoting low life who has taken on every client and every wife, and business partner he had. and not done well by anyone, this seems outsidive th -- outse

of the bounds of common sense to allow yourself to be taped or witnesses to this, have you seen anything like this, i can't imagine. >> we used to joke as prosecutors. we don't catch the smart ones, maybe there is a reality, this sounds like a desperate man, i am not here to defend him or say he is a great guy, he is clearly not, he has a reverse character within named stormy that will cohelp the government, it sounds likely is over his head financially, doing pathetic schemes, that does not mean they are not criminal, he mistook nike for like a mom and pop shop that would not know how to react to a threat. david: let me chime in. i mentioned bar mark geragos, hs a very well-known attorney, he defended everyone from michael jackson to winona rider, gary

conditt, scott peterson, and jussie smollett, that the case that got him in. there is a video of him, i'm sorry jonathan. >> and david until this afternoon, i understand high was also a cnn contributor no logier longer for geragos, almost unbelievable with avenatti, when a turn of event the, i assume his 2020 presidential run is at least put on hold for the short-term. david: perhaps. >> to our guests point, you have to since that people were looking out for money for avenatti, his law firm field for bankruptcy, his ex-wife was looking for money any background you could share that would have led him to, this nike thing went down in last couple days? >> well, i think is interesting about speed of nike situation, it is like a 4 day case. they move this quickly to do criminal complains, i tell you, there is two reason for criminal complain in a white collar case,

first is lets people at press conferences say more there a public record of av -- affidavit with more, from new york press, they laid it on thick calling him everything under th the sun. other thing is as we're not waiting to do grand jury we're putting handcuffs, i am curious whether government's perspective be this man needs to be locked up pretrial, that i want to hurry, they see a person who is out of control, they argue she a risk of flie flight oredain jerf economy -- or a danger of economic harm, i think that next week will be telling in terms of their approach. >> i want to point out how much like the end of "the godfather" this looked like, all enemies get it at the same time, mueller report is a bust, and avenatti gets hauled off, geragos, a cnn connection there. to kaepernick, mr. president,

warm up the twitter fingers have you a long night ahead of you, sir. [ laughter ] >> you're killing me. david: final point, we have run. is nike still liable? there was some information i don't know how true it was, that avenatti had. is that information bears fruit is nike liable? >> you have to occur the source but -- you have to consider the source but if there is something legitimate, they could still be liable. you know we have to see a little bit, but, we're hard prosed to o gist accept avenatti at his word. david: thank you, jim. >> thank you. david: apple, reinvented with a new string of services with big name headliners, how nervous should their competitors be, we're live at apple headquarters next.

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>> apple moving past iphone, announces a slew of new services today in cupertino, california. reporter: apple taking on streaming giants, by launching their own streaming service, on by hiring hollywood hottest actors and directors to turn out original content, exclusive to their platform, apple tv plus this fall, we don't know how much it will call, but we do know what their final pitch is to take on goliaths. >> we partnered with the most accomplished story tellers and new generation of most exciting voices together will define, apple tv plus.

reporter: this looks like a hollywood movie premier than a tech company announcement, a-list actors and directors stealing the show, teasing new product. reese witherspoon, steve cora cl jennifer aniston. and stephe steve speilberg withn series of old stories and "sesame street" springs exclusive content. whole streaming service will be part of apple's revamped apple tv app, that will integrate hbo, stars, show time with your cable subscription and streaming one prescription in one place. it will be in one location. apple making news about a new way to pay, a credit card that coming this summer, really invoanting highway consumers can get credit cards and think about credit cards, no late fees if

you miss a payment, no annual fee, you can apply and get apple card within minutes, taily cash, loads to our apple wallet of day, you get 2% cash back on general purchases and 3% on apple store purchases. >> not the ir the ial ia the iw. >> it apple targeting netflix. >> yeah. if i were an apple investor i would not be impressed, i would be worried. so much of what within on today, was so me too. very me too. and that is not where apple has succeeded during the long

history. >> this is gary, along those lines as apple was rolling this out today i wrote some notes, said apple tv channel, we have no tv channel, apple news and magazines like we can't get that and apple credit card, i didn't have 30 credit card offer in last week, and apple video game we have no place to do that, this is just apple catching up? instead of ground breaking? >> gary, at best. at best, a catch up. problem is that everything they going toward today is a very different business. i heard a general discussion among common saying today will is be a success? if it is, still not as good as a business as business they are coming from that incredible design and features of hardware, and features of software, they are going into things where i don't see them have anything

somewhere competence, i don't get it. >> this is jonathan, they are often not first but their design, and technology and interfaceoff en times makes them the best, this is essentially netflix wanna-be streaming service. but is there an opportunity for apple as our reporter said to reinvent the experience as original iphone and ipod reinvented the experience of listening to mp3s. >> i hear you, that is interesting question, by what is so broken or so different that you could imagine about doing experience of ordering aty of show otv showor movie, and compn trotting out spielberg and howard is saying it not about the experience look to the content. the problem is that puts them in

a business where no movie studio no television studio got valuable on the basis of content, it always about the distbution -- distribution, i be this represents a gold rush for content create heres who will receive those underlying riches, and a great bonanza for consumers. but again if you are asking me if that is good for apple, i don't think so. >> question, seems we have not talked about iphones and neither did they i gaffe -- gather, what spurred this that iphone sales are in decline. this is a huge cchange for the company, we talk about how they get in business they are also-rans, they talk about spending a billion on contain, compared 15 bill yoon from

netflix and 8 i think from amazon, i don' i don't see how e are just dumping this stock, i love apple but this is a change. >> yeah, this reminds me of newspaper business, circa around 1995 or so, when the kind of cow was already out of the barn. and they started to say or 2000, newspaper business, could have, should have been in position to capture what became fabulous internet sites like going t good craig's list, they were not there. apple, theory rhett ebbl -- it d action. and if succeed is already in a

crowded low margin business. >> a total cluster flicks. david: that was close. >> careful. >> apple presentation show time should have been called rerun. the problem is that everybody wants a close and personal relationship with me, they control the comings and goings of all over tv players, i get it i am attractive, all right, but i cannot have a perfect relationship with everyone i am sticking with my cable bundle. david: thank you. appreciate this. >> mueller probe may have ended but some democrats pledge to continue their investigation with that can we heap for any bipartisan progress in congress. on big ticket item, we ask south soutsouth dakota senator he is h us next. >> i spoke with nancy pelosi about it the other day, we agree

on it we like the type, i think, like the type of infrastructure we're talking about.

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>> many on the left remain convinced that only conspiracy and corruption could explain why they might actually lose an election. well, in the real world, the american people hired this president to clean you of the mess of the preceding 8 years. that is what we have set about doing, and results are clear, the nation is better off. david: senate majority leader mitch mcconnell speaking on senate floor, mueller report is done. but democrats vow too keep pushing ahead with their own investigations of president and russia. that raises new concerns over congress ability to work together to bipartisan big ticket items like infrastructure. let's bring in republican

senator from south dakota mike round. >> we've had a concern as long as investigationses continue it will take time away from doing other big ticket items,a. appropriations and national defense, and infrastructure proposals, healthcare, all of which we think are fixable. but nonetheless you have to have time to do it i think our colleagues on the other side of aisle decided a long time ago, as mueller investigation moved today they figured there was a high percentage there would be a determination of collusion. i think now they have to go to plan b, i don't think that says anything like let's just work on the other stuff, plan b for them will be continue the investigation and be critical of the report and suggest we need more information' and we don't trust the results, but that does not come as a surprise to most of us. >> senator thank you for joining us. what about senators on other

shied whside who are running for president, do they have any appetite for actual achievement or they signing to this 100% obstruction agenda. >> a good question, i think depends if they believe it sets them apart from others running. we have multiples from the same committee runs for office of presidency, small be reasonable in middle, some will say i have to get elected so i will go far left, if part of strategy and i' results they will propose and try to do infrastructure. for those that work hard to gather that hard left that is mad at the president, and want him out, they will continue to pound the war drums and suggest they have to continue to fight the resistance. i've will have their own strategy. how that plays out for each of them is yet to be determined.

>> senator, thank you for joining us, i get nervous i hear about this rush to pass pick ticket items, they are taxpayer dollars, many of us were critical of president obama with his shovel-ready jobs, and infrastructure spending, how can we be assured that republicans the not fritter away this money? >> it is a really good question, and a part of our discussion we have went our own conference. revenue sources are still big item, oneish w issue woo think t resolved how you would split highway transportation funding we had good discussions last year, we started talking last year how we how how we would spt revenues if there were revenues.

we know there is a need for more infrastructure dole ar dollars there but at same time went larger communities, have you possibilities for private public partnerships that would bridge g -- bring in private equito. equ. such as toll roads and upgrades on grids. >> yeah, privatize the whole thing? in some cases you would think that is right could one of the constitutional responsibilities that our founding father said in day one we had a responsible to make sure we had transportation infrastructure throughout the united states not oo only defene but roads and bridges. >> you do not sound very optimistic is there any coming

together behind closed-doors. you know all we see forward is just a lot of sniping and ripping on the president. i gather we'll see just a ton of investigations for the next 18 months, is there any good going on behind the closed-doors right now? >> when you speak with members one-on-one, they would like to find a way to move forward on infrastructure in particular, they would love to find a way to move forward on health care proposal, we had a couple good last year that got waylaid by democrat leadership before the election, that was electtion ticket, we thought after the elect they would come back and let us do some fixes, on an individual basis in are folks that want to do it, but, remember democrat leadership is still focused on control, and focused on 2020 election. if democrat leadership has their way, they will doing all they an to regain the white house, if

they think that is resistance, and investigations, i am afraid that is what you will see. >> jack howe from baron's magazine, i don't share the pet pessimism. i think that mueller report is such a bad thing for the democrats. think in terms of politician with an election year coming up, is infrastructure something that democrats could do where it would help their cause and shown as getting things done? >> i think it is, in talking with several members on other side of aisle, they believe infrastructure as long as it broad enough they think there is some opportunity there. highway transportation we think we have a formula in place if we can put together the revenue and infrastructure on coast, a lot of our democrat colleagues talked climate change and that need to address it that means along coast, you have rising sea

levels have you systems, utility systems, that have to be readdressed on a community or say the state by state basis, wow would like to fine a way to put dollars in that. and upper midwest, we have rural water sim systems and internet of icost heconectivty, and 5g, a infrastructure that most members in u.s. senate would like to find a way to agree with other colleagues on. david: as jonathan would say, we would love it, if it could all be done privately, senator rounds thank you. >> thank you. david: congress is gearing up for a vote on the green new deal, it could happen tomorrow, alexandria ocasio-cortez slamming the g.o.p. move, as a waste of time, does she have a a points, the debate is next. hey mercedes,

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david: senators to vote this week on a resolution aimed at showing support or lack there of for most part for green flew new deal, alexandria ocasio-cortez slamming the move by republicans, tweeting out, the g.o.p. whole game of wasting votes in congress to target others, quote on the record, for

legislation, they have no intend to pass it a disgrace. stop wastes the american people's time, and learn to govern. our jobs are not for campaigning and that is what these bluff votes are for. so is this just a waste of time? >> no, it is a vote, she is for this. so put up or shut up on the green new deal, aoc, get on the record, raise your hand you are pro humanni extinction. this is her recipe for hurting mankind, that i irony of the environmentalists, they love the environment but they hate people. >> i think that aoc is right, this is baby games, i would love to see republicans do, since we can agree the green new deal is just not happening, what can

republicans do? polling shows over -- >> laugh at it. >> majority of people want attention of the subject. >> i think jack, raises a good point. >> i did? wow. david: once in a blue moon. >> i think that republicans are awol on climate change, and on health care. between now and the election they have to have something to say on both of those topics, but by the way, kirsten gillibrand talked abou courage yesterday, s one that will vote present, that is not courage. >> i find it interesting this young lady tweets about wasting time and wasting votes but not 93 trillion dollars of our money. david: that is high-end figure, that figure is interesting, more money than united states government has spent in the

entire history of the united states 93 trillion dollars. >> i have my problems with the republican party, but this is not one of them. hold their feet to the fire when they bring stupid to the forefront, and guess what they do? they will vote present, they call a soft no, they will back away. and this will go by the way of the dodobird, the talk about we have to address this and that, we have to address health care, buts market addressing the green movement as we go towards that, i guarantee in next 40 years we'll have more electric cars than gas guzzlers. >> lesson to be learned for everyone, don't put your dumb ideas in writing, this green new deal, they should have gone to a friend, said is this a good idea, no, it is terrible, let me we work it. david: but it kills me the person who wrote it took time to bright a regula resolution and s

complaining because people are voting on it. >> people wait months or years to have a resolution put in front of the senate, what she talking about. >> and democratic candidates come out for it for me, who has an open ear to anyone, they are the disqualified in a nano second just for that on something that makes no sense, and one of the biggest forces we've seen out of washington. david: we'll watch that vote. >> who knows best when it comes to your children's diet. you or the government? we'll debate that coming up next. how about those song lyrics? what song lyrics? tell him again. tell him again. repeat it. yeah, same thing. (advisor) so with a nationwide annuity, you can get protected... ...that's why i've got the power of 1-2-3 medicines with trelegy.

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david: the nanny state could be looking to police your children's diet. lawmakers are now getting pressured from the american academy of pediatrics and the american heart association to raise taxes on sugary drinks

like soda, sports drinks and juice, so are more taxes really the solution to the problem? what do you think? >> let me get this straight. we are going to legalize marijuana so we get your taxes, then we are going to raise your taxes on soda so you don't drink soda, so marijuana good, soda bad. it is that logic that makes me so confident in our government these days. i don't even know where to start. by the way, it would be a regressive tax that hurts the poor and the middle class much worse than anybody else. welcome to our world. >> i think that's exactly right. it's well-intended but certainly a regressive tax, hurts poor people worse. what we have seen in a lot of locales is it simply doesn't work. i think it's a bad idea. the other problem is, it's a slippery slope. next you have doughnuts and who knows what. i don't like it. >> not my doughnuts! >> careful with that. look, get it out of schools, that's fine. you can have some sort of role where we cut down a little on the advertising that's geared

toward children, maybe. but in terms of taxes, we go down this whole road where everybody will be arguing about what's bad for you and what's not. >> i want to ask you, david, but first, let me chug this mountain dew. david: your favorite. yeah. >> look, if i want to chug it, it's my right. it's a parent's right to give whatever to their kids that they want. we have this notion that government is whatever we want, whatever we vote for. the role of government in american society is very clear. it's limited. the problem here is that government now pays the bills and he who writes the checks, makes the rules. you will see more of this, taxes on soda, taxes on salt, taxes on fat. it's all anti-freedom and anti-american. david: behind the scenes, just for folks out there to give you a flavor of what this crew is like, during all the commercial breaks we are seeing jonathan chug-a-lug mountain dew. i don't know how many you drink in one hour. must be at least a case. meanwhile, what would you rather have your kids drink, sugary drinks or drinks filled with chemicals that taste sweet? >> bottled water or something.

this is silly. >> i will tell you what i want my kids to drink is anything they want to drink, as long as it's not alcohol. david: you tell them what to drink. got to leave it at that, gang. thank you very much. that does it for "bulls & bears." see you next time. it was a false narrative. it was a terrible thing. we can never let this happen to another president again. i can tell you that. i say it very strongly. very few people i know could have handled it. it can never, ever happen to another president again. >> after two years of investigation and reckless accusations by many democrats and members of the media, the special counsel confirmed what president trump said all along. there was no collusion between the trump campaign and russia during the 2016 election and the attorney general confirmed there was no obstruction of justice.