melissa: and an important trip to washington for a very special show tell us one more time? connell: we got christine mc guard, and that will be pretty good stuff, i hope, on thursday. melissa: absolutely, bulls & bears starts now. >> do you receive hate speech directed at you? >> all the time they threaten us online. i receive threatening letters to my home. david: conservative comentator candice owens speaking out about the proliferation of hate speech on social media and how it has effected her personally, this at a hearing whereas executives from facebook and google were grilled over what they can do to stop the growing crisis, you just saw house judiciary member andy biggs questioning ms. owens he will be joining us in moments with his response to today' hearing hi everybody, this is bulls & bears thanks for joining us i'm david asman, joining us carol roth, robert wolf, kevin kelly, john layfield. first let's go to hillary vaughn she is on capitol hill, hillary

what were the big takeaways? >> hey david. well, the first one is that there is a crackdown coming for tech companies at least when it comes to content that they have on their platforms, because today, chairman nadler said he wants federal law enforcement officials to consider white nationalist hate groups and the hate speech they spread online to be considered just as big of a threat as terrorist organizations, so they are taking this issue very seriously , but we heard from both representatives from facebook and google and what they said today was it's a lot harder to crack down on hate speech online, because what may be offensive to someone may not necessarily fall into the category of hate speech and there's not much they can do for that. also, looking on the global scale what may be hate speech in one country or not, is the opposite in a different region of the world, so there's a lot of factors at play here but the number one issue they say is they're really doing their best to navigate the line between freedom of speech and cracking

down on hate speech. >> are you a neutral forum or are you an editorial publication responsible for your content? >> which is it? >> facebook is a tech company, we are not a platform and we are not a common create or. we don't edit content. >> it's a place where we want anyone to come and share their ideas, diverse opinions about their politics, things that are even controversial or offensive. >> and today, actually, google got a chance to show off their efforts to crack down on hate speech because on youtube, they were streaming this hearing live and they disabled the comments underneath the live stream because there was hate speech inside of that, but another big question here at this hearing was what is the point of bringing up this issue and what were the motives for some of the comments that we heard from lawmakers on this committee and some members said they didn't

think that this hearing was really about combating hate speech but really about levying political attacks to the other side. >> i worry that the true motivation for this hearing is to suggest that republicans are hateful and dishonest. >> there are some on this panel who have tried to hijack this hearing and desecrate the lives lost to the hate crimes and violence of the white supremacists by attempting use this as an opportunity to promote a political position. >> tech companies will head to the senate tomorrow for a hearing on censorship, so the question from lawmakers not over just yet. back to you guys. david: hillary let's bring in house judiciary member andy biggs he of course was at the hearing so congressman, what did we get out of this hearing? >> well if you thought we were going to get something productive, pointing towards an answer to some of these issues, i hate to abuse you of that notion but we could see that there was additional ranger and

actually between committee members toward members of the panel, so when you want to talk about regulating hate speech and you see what's going on toward panelists, you say well maybe it is difficult for facebook and google, because, you know, we treasure this idea of first amendment speech and sometimes it's going to be offensive, sometimes it's going to be hard but nobody supports advocacy for violence against one individual over another, in fact we regulate that today in criminal codes. >> congressman is carol roth, i'm a big fan of free speech as well and let's be honest. these platforms already have tools. they have buttons where you can mute conversations, you can block people, you don't have to engage with people that you don't want to hear from, truly, so can't there just be a rule that aligns with what you just said if it's direct call for violence, if it's an indirect something that with harm people like the shouting fire in a crowded theatre, that aligns

with free speech then don't do it and otherwise, speech is speech and it's good. >> well that's kind of the way i view it, because the speech that we regulate as fire in a theatre is threatening, intimidating, inciting to riot those types of things, even line el and slander for pete sakes but the reality is you've got this massive forum, and people want to regulate it in ways that i think are not contemplated by the long history of american respect for free speech including, i mean let's face it, the first amendment was not designed to protect people who give speeches that are popular it was designed to protect people in an offensive speech quite frankly because we want everybody to be able to say what's on their mind. >> congressman it's kevin kelly here and my takeaway from today 's hearing is this actually just helped limit the liabilities of these big tech companies because now they can actually take a step back like

hey, we're working with congress trying to combat hate speech and this helps give them a refuge from that. i mean you've got the states attorney general coming after them. what do you make of that argument? >> no, i think you're right. i think that the state attorney generals are trying to get at them but what i really think they're trying to do is they're trying to limit liability and not just limit liability but they want to limit their public relations disasters that they have when they don't regulate speech and yet on the other hand , people want to be able to have that kind of communication, so they're in there trying to pitch something they're trying to walk a thin line but the biggest thing they want to do is protect their franchise, and they want to keep from having any liability, so but it was a big zero of a hearing quite frankly, because nobody was willing to move an inch and when you see basic hatred on display in some of the speech that was actually going back and forth, you say well okay, i understand why facebook and google has

trouble regulating it and they probably shouldn't be regulating it unless it's going to lead to violence. >> congressman it's robert wolf , how are you? >> great. >> at the beginning we showed candace owens and a lot of the media has been around "the situation" where ted lou played the comments that candace owens made with respect to hitler as someone of the jewish faith. i thought it was very interesting that the republican party would bring her on as their almost spokesperson, so i'm surprised. could you embellish a little why that was the direction that the republican party decided to go? >> well, i think that the problem with mr. lou is that he was trying to have a gotcha moment and he was overwhelmed by the defense by ms. owens, because she said, you know, i'm talking about nationalism and what that's about. i'm talking about however ill adolf hitler was but he cherry

picked a 30 second sound bite and when he was all said and done he had his hat in his hand because candace owens effective ly that that was what she intended when you take it out of context sure you can make anybody look bad, but we also had mr. kline there and i thought he did an exemplary job as well. i appreciated all the witnesses being there today. i just didn't appreciate the ani mous that actually came from members of the committee. >> congressman it's john layfield. you gave his hearing a zero today i'm not sure i'd give it that high of a number. it was and absolute dog and pony show, but sir what was hoped to be accomplished here? does government really want to get into the business of regulating free speech? what do you hope happens with these social media companies? >> well for me it gets back to my respect for free speech and if we have somebody that is, if they're publishing and it

insights hatred or violence then i think they've got liability and i think that's where you draw the line. it's just kind of like we regulate free speech now, and you can even have assault of conduct through speech, but it requires a certain middle state and it requires access to that ability to act, and i just don't see that that's where we got to today and i just don't know what my colleagues on the other side were trying to do except try to make republicans and conservatives look like we like hate speech that's it. >> congressman, another thing that's happening today is the president speaking against our immigration policies. here is what he said. president trump: we have the worst laws of any country anywhere in the world, whether it's catch and release or any one of them. i could sit here and name them but if you got rid of catch and release, chain migration, visa

lottery, you have to fix the asylum, the democrats in congress what they're doing and the obstruction, they don't want to fix it, and we have to fix it they want open borders. they want to have millions of people pouring into our country. >> so congressman, you lead the border security caucus what do you make of these comments and the recent shakeup he dhs. >> well, i agree with the comments i think the president is right. i think he's seeing same numbers i see. he went down to the border last week, i go down to the border fairly frequently i'll be down again next week and i just got another e-mail today and i will tell you, it is a crisis on the border, and just think of it this way. over 100,000 people came into this country that we caught. they tell me that you probably get another 200,000 that we didn't catch last month. this is a bad precedent.

the asylum laws terrible. we saw that we can't even detain according to the injunction by a lower court judge out of the ninth circuit yesterday. mexico's not even though they said they would they're not detaining them. it is a crisis on the border. i don't think the president is necessarily trying to clean house there at the dhs. what i think he's trying to do is send a message that we're going to be tougher, and we have to be tougher, because we're being overrun, and you know, i just talked to, i just got an e-mail today from somebody else who is basically getting their ranch trespassed every day. every day they have trespassers on there. david: congressman you have put forth a suggestion of stopping remittances from the united states to mexico. i'm just wondering how do you freeze those remittances and what effect do you think that would have not just on our relationship with mexico but on the whole financial system? >> well i think you can use the

financial services laws through the executive branch without congress, and i'm not asking for long term freeze because i think what would happen is since we get more than $30 billion to mexico in the northern triangle countries, on an annual basis, it wouldn't take more than a few days, quite frankly, for mexico to say yes, they're serious or guatemala, el salvador, honduras , they all say they're serious we're going to participate and that would allow us to do things like leverage participation in an international protocol for mexico to take those asylums and hold them in mexico which would obviate the california law so this would be a powerful tool and, you know, i'm trying to get as little disruption economic ally as possible but when you look at the estimate of 75 to $100 billion a year impact by illegal immigration into this country, maybe we have to accept that we're going to have to have short-term pain. david: congressman andy biggs always a pleasure to see you congressman thank you for coming

in appreciate it. >> thanks david. david: well alexandria ocasio-cortez has raised some eye brows with her attacks on the wealthy in the past but now she's taking it even a step further. we'll explain, coming up.

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david: cnbc making waves with a tweet and an article saying most successful millionaire ceo's are psychopaths. now new york democrat congresswoman alexandria ocasio-cortez seizing on that responding with this tweet. justifying psycho pathy because low empathy, narcissism, dishonesty plus lack of deep emotional attachments are traits that have made a tiny handful of people billionaires yet land many more people in prison while not getting adequate mental healthcare is very 2019. now aside from being terrible grammar is she right to be calling billionaires psychopaths particularly when you think about bill gates, billionaires who are using their money to do a lot of good. >> no she's not, and to be clear to all of our viewers the reason we discuss aoc so much is because robert wolf loves to. david: encourages us. >> well no, david look this statement shows an ignorance of what billionaires are doing.

look at what george lucas did he stole star wars for $4.05 billion and gave it all to education. look at what michael bloomberg has done, given billions, george soros, i was there, he gave $55 million, if the crowd would match it. the crowd matched it that night it worked withinner city kids in new york city and the list goes on and on and on. we have fortunately in this country and this world right now , we have some of the most ph ilanthropic billionaires doing wonderful things and this tweet is ill-informed and ignorant. >> well i would agree that many many billionaires are doing great things and those who have been incredibly successful is something that our country has to change whether you're on the left or right. there's no question that most of the people who are part of what we would call the giving pledge are giving their money away and that's a good thing, and i agree , you know, i mean you can talk to a billionaire like jbl. >> [laughter] >> all his money by moving to

bermuda. >> i knew he would get me back. >> let me tell you guys a little bit about psychopaths apparently, you don't know, that they tend to show up from a profession standpoint the most as ceo's as politicians and in the media so i'm not going to point any fingers here, guys but the reality is we might be in good company and as far as aoc goes when you start talking about narcissism maybe want to take a seat on that front but the reality is if you're thinking about psychopathic behavior, what's your psychopathic that you earn a bunch of money and spend it as you see fit or you're somebody who wants to take somebody else's money and give it away to somebody else? i would say that's much more psycho than the former. >> well i think that is the whole point here, right? like it's individualism versus collectivism and are you saying that hey, now that you're a billionaire, you didn't make that, you didn't build that, and now, we can actually take that from you and disburse it out and that's what the mayor here, mayor deblasio is going out

telling everybody money is in the wrong hands, right? so i think the argument really needs to go back to who knows how to spend their money better, is it the individual or the government, right? and i would argue that the individual knows how to do it and now you have some on the left that think that the government can do it. david: robert was tugging on my shirt so go ahead robert. >> only aoc can get fox business to talk about her instead of the cnbc tweet where it came from. david: she reminds me, john, of those things. remember those nurses, the nurse s union that rejected the money that david coke was trying to give to the hospitals? i think it was about $100 million the coke was going to give to this hospital and the nurses union banded together, rejecting the money, because he was such a bad capitalist. i mean, you can't give money away to some of these people. they would rather have the government use it. >> and look, william jennings brian rent against president mckinley in 1900 and famous for saying no one can make a million

dollars without doing it illegally. he was talking about jpmorgan who was from a lot of mckinley's campaigns. nothings changed any time you have wealth and equality people will go after the rich. this is going to be a recurring theme through the next election. >> absolutely. david: by the way it's not just one news outlet that made a mistake. a lot of them do it; however i should say in "60 minutes" we'll be talking about another piece they did coming up but they did a great piece on ken langone giving $100 million to n yu medical school and this is an incredible gift because it allows for tuition-free medical education for a whole generation of students who might go out and do other things. why doesn't the media focus on this thing? >> and i think you're bringing up one of the most salient points, david schweikert that ken langone has consistently given his time at home depot where he brought military veterans back in and helped train them. time after time after time he built a great business by doing great things, for his

communities. >> there's a mortality issue here it's not moral for people to take the property of somebody else, and at the end of the day regardless of what they do with it, they're doing something great whether they're investing it into the markets that effect businesses, whether they're spending it that supports jobs, or even if they're swimming a undercut rosenstein in it in a bunch of gold, it's their money and they get to keep it. david: that's the last word so a budget hearing turned mueller hearing, attorney general barr grilled on capitol hill, details on that and the impact and other drawn out russia investigation could have on the markets, live from capitol hill, coming next. naysayer said no one would subscribe to a car the way they subscribe to movies. we don't follow the naysayers. ♪ ♪

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that from my standpoint, by within a week, i'll be in a position to release the report to the public. david: attorney general william barr grilled over mueller today, on capitol hill during what was supposed to be a budget hearing, while also revealing that he is now looking into how the russia probe was handled. listen. >> i am reviewing the conduct of the investigation, and trying to get my arms around all the aspects of the counter intelligence investigatio n that was conducted during the summer of 2016. david: so are we looking at another prolonged investigation fox news senior capitol hill producer chad pergram joins us now we deal with markets, markets don't like open-ended probes no matter what they are looking into how much longer will these continue? >> well it depends, you know, devon nunes now the top republican former chair of the

house intelligence committee said he was going to send these criminal referrals over we just don't know now that's a little bit of an open-ended question and we don't know the reason barr was up here today as you mentioned this is an appropriations hearing and he certainly got questions about the budget and appropriations, but this being the first time that he had appeared since he published the memo that he sent to capitol hill after the mueller report was completed he was going to get a lot of questions about other things and certainly the news that devon nunes made over the weekend here on fox, what was important, you know and everybody right now is saying what happens next? keep in mind that the house of representatives, tomorrow afternoon, we're not going to see them for about two and a half weeks. the senate will still be here a little bit longer, house democrats are going to northern virginia and the washington d.c. suburbs for their annual retreat they were supposed to do this and the government shutdown happened back in the winter so they postponed it but the question is if the full mueller report is sent out does the house judiciary committee have to come back and meet in some form or do they just issue the subpoenas, the subpoenas that they authorized a couple of

weeks ago saying we want the full mueller report and then perhaps it goes to court. and we pressed jerry nadler twice about that today and it's very unclear but we're thinking we're going to get this some time in the next couple of days i'm sorry go ahead. >> chad it's kevin kelly here it's the sentiment that the republicans keenly and solely focus in on the fisa abuse where the fisa courts were abused to actually do domestic surveillance of a competing campaign and is that where the republicans are just going to keenly focus on and have this be an investigation for indefinite period until they get a pound of flesh in that regard? >> well i don't know if it will be for an indefinite period but they've made clear there's another side of the chin. lindsey graham the chair of the senate judiciary committee just after we got the barr memo came out swinging saying there's at sorts of things about the fisa abuse which wasn't reported on a lot of other places. fox certainly reported on it saying there are serious questions about how the fisa warrants were used.

now, how long that takes, the difference here though you're not looking at something that is that maybe is as long-ended if there's a special prosecutor or independent counselor something like that there have been those who advocated for that, but even though that might be a major investigation a lot of people in capitol hill don't think that will be all consuming as what we're doing within the mueller report but you don't know there is so little known about that other than what maybe devon nunes has talked about and to a lesser degree lindsey graham. that is a big question, but some of it will be predicated on what they do get out of the mueller report even if they get a pretty redacted copy and that's a big question too about if there's an accompanying memo that tries to characterize some of what's redacted, mueller or i'm sorry barr made news today where he talked about saying it's going to be color coated we'll have certain types of redactions that deal, exactly, you know it's like the old terror alert system back in the early 2000s or something but certain ones will

be for grand jury information, or intelligence information or ongoing investigation, and some people will probably divine into what they're seeing there based on that color coated system. >> this sounds like a bunch of political theatre to me which is something that the american public doesn't like. we know that the mueller report was an overhang, over the presidency in terms of things like the china trade deal. if this continues to go forward, isn't there a lot of back and forth that happens between the republicans and the democrats and it becomes distracting and ultimately undermines the good that the presidency is trying to do and the president is trying to all the things he's trying to get done here. >> well a lot of people are viewing it as a distraction. even today there was a press conference about the administration whether or not they're defending obamacare or taking it on in court with house democrats jerry nadler was part of that and katie hill whose a democratic freshman from california kind of uprated the press a little bit saying we came here to talk about healthcare and then you guys

start askings questions about taxes and the mueller report so on and so forth. you know the other thing that i think is important to look at here and this goes to the partisanship mitch mcconnell, the senate majority leader was asked today what happens with the mueller report and how much is redacted. he said the question is do you believe william barr and he said "i do" and so we turned the question around to chuck schumer the senate minority leader and he said i don't think barr has conducted himself in a way that builds trust. color me dubious, so you're back to the partisan fighting, red versus blue, michigan versus ohio state. david: chad pergram we got to leave it at that chad thank you very much. >> thank you. david: it could be a historic election in israel, we are awaiting results in a race that turned out to be a nail biter with a live report from tel aviv on where things stand right now and the effect it could have on u.s. israeli relations.

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david: a live look at tel aviv where israelis are anxiously awaiting results in a critical election the race is too close to call a win for benjamin netanyahu would be his fourth consecutive term making his israel's longest serving prime minister ever, joining us now is fox news chief correspondent jonathan hunt. what are the numbers jonathan? >> good evening david well remember first of all the exit polls aren't always entirely accurate, but if they are an indication tonight, then prime minister benjamin netanyahu looks as though he may well have a good chance of continuing as prime minister. remember the israeli electoral system promotes coalition government. there are 120 seats in the israeli parliament so therefore you need 61 for a majority, two of three of the network exit polls are showing right now that

benjamin netanyahu will have that majority but what would be a government that will likely tilt strongly to the right. he was out rallying the vote all day today, and all over social media and tonight, on twitter, he called it a victory, saying, "the right block headed by his party has clearly won. i thank the citizens of israel for their trust and i will immediately start forming a right wing government with our natural partners tonight." now his chief opponent in this election has been benny ghant, he leads the blue white party just on stage at the blue white election night headquarters just now and he too was calling himself the winner echoing a statement he put out after those exit polls were shown in which he said, "these elections have a clear winner and a clear loser. benjamin netanyahu promised 40 seats and lost. the president can see the picture and should call on the winner to form the next

government. there is no other option. " so the real results will become clearer over the next hours and possibly it'll take a couple of days before we have a really clear picture, david. if he is indeed the loser here and is in opposition, he and his fellow opposition members will hope to keep the pressure on prime minister benjamin netanyahu in particular over the legal charges the corruption charges, he still faces and those in themselves make whatever happens next, the only certainty that it will be a very uncertain time in israeli politics, david? david: jonathan thank you very much joining us now is former israeli ambassador to the u.n., dan gillerman. so ambassador what does this election mean for israel? >> well we still don't know for sure, because as jonathan said we only have the exit polls and they're different on each of the

three channels that broadcast them, but what it does indicate is that we're in for a very long and possibly very ugly period of negotiations to form a government, because what we have is the two parties. each one claiming victory, and each one trying to woo the smaller parties in order to try and form a coalition, and you have a case where a party of four or five seats can demand outrageous demands and very critical and important positions including legislation, so i think we're in, you know the president of israel will eventually give either prime minister benjamin netanyahu 45 days to form a coalition and that's when the bargaining and the blackmail and the bribery starts. david: oh, boy. >> we don't have the luxury

unfortunately, you have of two parties. there are about 12 parties now vying for positions so it's going to be a long and i afraid ugly haul. >> mr. ambassador i just want to comment about what jonathan brought up which is the ethic and legal issues that overhang the current prime minister. what's your view of his ability to continue to legislate if that overhang continues, as we know in the u.s. with this polarizing environment and continual subpoenas and this and that and feels like getting things done is near impossible, do you feel that will be similar in israel? >> i'm afraid it may be. you know the most natural thing to happen would be for the two parties are not that far apart in their opinions and their ideology to form a national unity government but prime minister benjamin netanyahu would not want that and also

party would not want him to be prime minister. benjamin netanyahu would prefer to form a narrow right wing coalition with the ultra orthodox who will promise him they will legislate a law similar to the french law where you can not indict a sitting prime minister and that way, assure his partnership for the next few years, whether he succeeds or not is still not clear, because there's at least a few of those parties who said they would not actually agree to this kind of tactic, if he doesn't legislate he may be indicted and face a trial in less than a year. >> ambassador it's carol roth. president trump has obviously been a very strong allie for israel, as well as for the prime minister. if benjamin netanyahu does lose how does that impact u.s. / israeli relations? >> well, president trump has

indeed been a great friend to israel. he has delivered on every promise. he has moved the embassy to jerusalem and recognized jerusalem as our capitol. he has revoked the nuclear treaty with iran. he has recognized all sovereignty over the goal on heights and in general its probably been the best friend israel could wish for, but i do believe that whoever becomes prime minister, the relations between israel and the united states, the very special relations based on common values and common morals and history and a very long friendship will continue, so in spite, i mean, obviously, prime minister benjamin netanyahu has a very special relationship with president trump, but i'm sure that even if benny becomes prime minister that relationship will continue because it's a relationship that is not only personal but historic and not only between two people, but two peoples. david: well ambassador thank you very much for joining us it's going to be a wild couple

of weeks good luck in those coming weeks appreciate you being here. meanwhile the founder of the world's most successful hedge fund is taking shots at capital ism, our very own charlie gasparino is saying he's the last guy to talk, charlie joining us, next. the biggest week in television is back!

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david: billionaire ray dalio saying the u.s. needs t reform capitalism the bridge water ceo calling wealth gap in the united states "a national emergency." his solution? of course, tax the rich. let's bring in fox business senior correspondent charlie gasparino. charlie is the author of a new op-ed on foxbusiness.com criticizing him. charlie you say this is an odd guy to be calling balls and strikes on capitalism why is that? charlie: well i just thought it was like here is a guy that made a lot of money in capitalism. here is a guy that mostly has a stock market speculateor, here is a guy who wrote a couple of books about how to make the world a better place, i guess his prescription is to follow through with the plan you start that's one of his principles by the way. he runs the oddest investment company in the world. they tape everybody, it's almost like a cult over there. he is successful. he gets a lot of money, people he's convinced a lot of people that his 12% returns is real

good. he's got 12% returns in his flagship funds since 1991. i think the s&p 500 if you invest dividends is up about 12% so i can do the same thing by going to vanguard, and this guy thinks that it's, and plus he just gave $100 million to the state of connecticut one of the most wasteful states in the country, and we're supposed to think from this guy, we're supposed to give lessons about how bad capitalism, i just thought it was absurd. i was watching him on "60 minutes", the guy who interview ed him, bill whitaker i'm sure he's a smart guy but clearly like just in guested this stuff without, while i was puking, he was smiling, and so i said what the hell. i mean, you know just because somebody is good at stock market speculating, which is essentially what bridgewater does, it's a big hedge fund he didn't invent the light bulb or even the iphone. doesn't mean he should be given us life lessons and i think if

you're going to go on national tv and he's doing a tour and obviously looking to position himself as some sort of great capitalist and that he should be taken seriously now that he is turning 70 and probably suffer ing from white man's guilt that he made a lot of money. if you'll do that, i think it deserves some pushback so i'm giving -- david: panel what do you think? >> charlie it's great to have you on the show. it's always great to see you and every stock picker out there thinks they can run retail better than anybody else. where does this go? look at the wealth and equality is going to be something really big for this next election. what is the end geomembrane though? is it about wealth distribution and revenue for the treasury or is it just making the rich poor? charlie: well that's essentially what i got out of it. this is what he is saying. we have an education crisis in this country. duh. we have a wealth gap in this country. oh, god! is that news? my big solution?

let's tax the rich, let's improve education by taxing the rich, and let's, you know, make capitalism better, because it's failing us, and, you know, by the way, if you don't believe me go read some of his stuff. i mean, i read a few of his essays he recently published a very long essay about this. oh, yeah there's a wealth gap in this country, but duh, who doesn't know that? yeah there's an education crisis by the way the education crisis is not because capitalism sucks. the education crisis is because we have teacher's unions in this country who, you know, refuse to let school choice in their backyard which would create some competition which often makes kids in minority and poor communities smarter. >> charlie, isn't the real issue here is that he's not tackling the major problem, and that's that the tax code is completely complicated. regardless of year you can see

we're only getting 17.7% of our gdp in taxes, whether it's at 60 % or whether it's at 20% doesn't matter. the tax code is complicated its led to corporatism and for him to say to tax the rich is just falling on deaf ears especially on this panel. charlie: yeah, yes, that's all true, but i was more basic when i looked at his solutions. he's saying tax the rich. who the hell are the rich? they never, i mean listen if you'll tax all the ray dalios, the guy that make $1 billion, i think he made $1 billion one year, he has 16 billion if you'll tax all of them most of them will go to bermuda and live there okay? there's not enough billionaires to tax all of them and do all of the stuff he says. so what do you do? you kind of go further down. it always ends up as bob's friend barack obama at least was honest about this. it always ends up to be a family of five, living in long island, that makes $250,000 a year, where that's in the upper

bracket and that's one of the things that he didn't address. i mean the tax system, we already pay a lot of taxes. david: charlie gasparino you can read his column on fox business.com. thank you charlie good to see you. well fireworks on capitol hill just moments ago between financial services chairwoman maxine waters and treasury secretary steve mnuchin we'll play that exchange for you , can't wait for that. that's next. >> if you wish to leave you may leave. >> i don't understand what you're saying. >> you're wasting your time. remember you have a dignitary in your office. ♪ limu emu & doug mmm, exactly! liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him.

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david: well treasury secretary steve mnuchin and the democrats on the house financial services committee putting heads all afternoon as democrats demand he follow the law in allowing the irs to release several years of president trump's tax returns, and here is what just happened. moments ago as the hearing tried to wind-down, take a listen. >> okay so what we're dismissed is that correct? >> if you wish to leave, you may leave. >> i don't understand what you're saying. >> you're wasting your time, remember you have a dignitary in your office. >> i would just say that the previous administration, when the republicans they did not treat the secretary of the treasury this way, so if this is the way you want to treat me then i'll rethink whether i

voluntarily come back here to testify which i've offered to do david: oh, boy things are getting nasty so what do we make of all of this gang? >> i don't know i like soap operas better back in the 1980s boy they really lost the plot here if i was in front of maxine watt res i'd want to get up and leave too but i've got to be very selfish here, guys. i don't want them to release the president's tax returns because what's going to happen is that every person on twitter is going to become a bona fide tax expert and i'm going to have to listen to them pontificating on very complicated returns they know nothing about so i hope he never releases them. >> i mean, my guess is it probably wasn't the easiest way for the treasury secretary because, i mean -- david: you've been before those committees. >> i have been before the senate finance committee it's not easy and actually i think they liked me because i was speaking about infrastructure and they still didn't like it. >> the truth is with larry summers writing that opinion piece last night that became the

news of the day, and it made, i think, treasury secretary mnuchin a bit on his heels, and i think that to cal's point this is one of the most polarizing issues other than the mueller report so between these two things, welcome to our next weeks book ends. >> yeah i think it's pretty interesting because maxine water s completely signaled that she wants to go and figure out what's going on with trump and deutsche bank and all the loans he's got. she made it a big point before she took the chairmanship of that committee and so i think that this is par for the course that we're going to see for years to come. david: i want to ask the most gentleman i know, john what do you think about the decorum of all of this? >> the only thing bipartisan in washington d.c. is in competence this crew between the republican s and democrats i believe are the worst in the history of this country. there's no difference between them they're absolute idiots. david: and the decorum there used to be some kind of decorum. >> give that guy a wrestling title. david: he has too many of them

already. >> this is a commercial for smaller government. this is why we don't want the government to be in charge of things because they can't get anything done, so don't give them things to do. david: carol it's a great last word thank you very much that does it for bulls & bears thank you for watching we'll see you back here next time. liz: president trump saying the media's anonymous quotes and their stories that they've got it wrong again, he says he in fact is not looking to separate children from their families at the border, and the president is saying he's not doing it for homeland security and again the president points out what we've been reporting all along. it's his biggest obstacle we'll explain coming up tonight we also have the former israeli ambassador, today's israeli elections too close to call right now and we have a new debate breaking out in america. did president trump change the focus of homeland security away from terrorism to be all about the border and immigration versus fighting terror? or is this just another non-