s to get a look under the hood. >> he does like to. that gives him material for his speech. >> thank you for joining us. >> that is it for us. >> we'll see you tomorrow from washington. "bulls and bears" starts right now. david: breaking news, president trump in crosby, texas, he will make remarks at any moment now, construction unions on the economy, immigration and energy, oil, gas, pipelines, signing two executive orders rolling back regulation on oil and gas city, a white house official said this will promote development of new energy infrastructure. making us more energy independent, he is getting a tour of the facility now, we'll bring you his remarks hive from texas when we takes the stage. >> meanwhile heads of nation's biggest banks faceoff with congress, under fire from lawmakers and facing touch

questions, first time since financial crisis en masse. we'll play you some of the explosive fireworks in a moment, this is "bulls and bears," i am david asman, thank you for joining us today. on the panel. steve forbes, scott martin and austin -- a full crowd, but first deirdre bolton on capitol hill following the fear works. reporter: 7 ceos from major banks and financial services took big questions from financial service committee here on capitol hill, about safety and structural soundness of the institutions post credit crisis here is chairwoman maxine waters, asking that very question. >> i am concerned several of these enstutions are too big -- institutions are too big to manage their own operations to serve our communities and too big to care about the harm they have caused.

reporter: various topics, afternoon heavy on the consumer angle. and to what extent that banks are profits from overdraft protection knees and consume -- fees and consumers are being punished. >> what percent of your revenues is fees? how tiny is tiny? >> less than 1%. >> no consumer business. >> chairwoman maxine water wraps the day, thanking the ceos, and called them captains of industry, said have you a lot of power, you have a lot of influence, and raised a call to arms, asking them to help the next generation with creative solutions. she issue an inhav invitation ft year, deirdre bolton, fox news. >> david: thank you.

>> with chairwoman maxine waters drinking them like criminals what was achieved from this hearing. >> this goes to democrat new playbook, that is bash the rich, bash people who are seen as powerful, they think that will create a populist wave in 2020. but in terms of executive pay, you want to restrict pay, you will restrict talent, you want people who can run these enstutions, you have to -- institutions, you to let them attract too talent. and these people maxine waters and their kind, and regulatory agencies have put on so men restrictions that -- so many redirecttions that cost of making a loan to a small business is not worth it for the larger banks. they created the problem that they are now beating the banks on. >> president is just walking o

out. looks like he is getting close. >> go ahead, austin? >> yes, i think you don't achieve a lot in congressional hearings, but they can call attention to issues on people's minds and whoever the representatives are representing. i think that massive rise of fees as a ro business model on consumers, many of which investigated are sometime fraudulent but many times not understood at the time you make the loan or doing other things, that going to be a red-hot explosive issue when the president has been trying too rip up the consumer financial protection bureau that remains a keeply popular entity in the public opinion in surveys, i think that republicans are make a mistake if they think just saying, we want less regulation, let's go the days when financial

institutions could sneak things by then apply huge fees. >> it was a hearing looking for a headline, ad as maxine water started off, with talking about russia accounts. it seemed she was uneducated on how student loans work. >> i agree, i feel like -- there were issues ta that came up, cit.i think these are issues tht discress pencey -- >> only for the president would we enrup interrupt you.

>> i am thrilled to be here in crosby, texas. with the incredible members of the international union of operating engineers. i know you well. i know who most of you voted for, i appreciate it. our nation builds and maintains, pipelines, operators get the job done there is nobody like you. nobody. with the help of the incredible workers in this room, the united states is now the number one producure of oil and natural gas anywhere in the world, anywhere on the planet, not even close. a lot of progress in the last two and a half years. cut down a lot of barriers to

production and pumping so many different things, i just met some of your folks outside, i got a little lesson. incredible. nobody in the world can do what you folks do. we're going to make it easier for you, in a few moments, i will sign two ground breaking executive orders to continue revival of the american energy industry and jobs. my action today will cut through permit delays and denials, you know about delays? take you 20 years on get a permit, those days are gone, you may not get it at all but it will be quickly missed. they know miss is quick. you hear that. >> that not happening too often, you can get to work producing

energy and infrastructure our country needs to throife thrivee and win, all over the world winning, our country is respected again. we're pleasing to be joined by your great union leadership. general president's friend of mine, jim callahan, he knows my friends back in new york. big jim. and your general secretary treasury brien hickey. brian. as i have said from day one, american labor will have a friend in the white house, you know, that i have proven that, jobs are at an all-time high history in our country, unemployment is at a 51 year low in our country, we'll soon break

all-time record, african-american, asian-american, hi hispanic-american, we're doing well, we'll keep it going we believe in two fundamental rules, buy american and hire american. i introduced your great governor, greg abbott, we love greg. he has been so incredible. so many ways. higmy friend, his friend and my friend, lieutenant governor dan patrick what a fantastic job he has done, dan, thank you, dan. thank you, dan. his son is doing a fantastic job, thank him for me, please. and texas attorney general somebody that wins a lot of lawsuits on your behalf, ken paxton. thank you so much. and deputy secretary of energy

dan riad, thank you, dan. thank you. as well as representatives pete olson, randy weber and brian babbin. thank you. they help a lot, i tell you those 3. thanks also to texas land commissioner, george p bush for being here, where is george? where is george? come here george, this is theon busonly bush that likes me, the only one, come here, i want to meet you. a friend of my son. and he is a great guy, truly this is the bush that got it right. [ laughter ]

>> thank you very much. good guy, i like him, i like him, he is going far. going places, if you. >> here at the iuoe international training and education center, operators are perfecting their skills on trains and pipe lifters, side booms and angle dozers,y just saw them all out side, i used to work machines, my father had a job, i was very young, i used to work a machine, and i love the d-tens now they make d12s. under this administration we ended war on american energy. like never before, nobody believed that this was going to happen. we put thousands and thousands of patriotic union members like you to work, building our energy

future. since the election we have created more than 5.5 million new jobs, and more than 60,000 brand-new oil and gas pipeline construction jobs. we approved keystone pipeline, almost on day one. [applause] and we got the dakota access pipeline out of a lot trouble. they had a problem, they have a river but not a permit, i gave it to them, that was 40,000 jobs. between the two of them, we went through the united states from the one sided paris climate accord, that was going to cost us a lot of money, no more oil and gas with oil paris accord, that good for pair us but not for us -- paris, but not good

for us, replacing pre previous administration job crushing, clean powerplant and putting your minors back to work, they are working all over, incredible what is happening with minors and steel, they are building many steel plants, all of them nucor, u.s. steel, they have had the built a plant in 40 years, we opened e in-- in alaska, hav. i don't know if you like that, we have to give you a little competition, they were trying to get that approved since ronald reagan, they tried to get anwar done, i had to in a plan, i was close, but i didn't like somebody or something that somebody did. i said let's take it out of the plan. why should we did it then a friend of find mant -- friend on

oil business called said is it true you are getting anwar, i said i don't know, i'm not going to. they don't appreciate it. they don't appreciate it, he said too bad, you know, everyone from ronald reagan all the way up to you could to the get it done. i said really? oh, i called up put that back into plan that was a competitive thing, right? put it back. we put anwar back, that is a biggest in the world, it will be something very special. a lot of you will be there. we added more than 450 oil and grasgas rigs nationwide, that is going up rapidly. here in texas we nearly doubled number of land rigs and crude oil production reached a record high, highest in history of texas, if i get you the pipelines, which i will, how many years have you been trying to get pipelines?

10, 12, 15, how man? many? >> too long. >> too long, we'll try in 6 months, all right, ape, tha epat means jobs and jobs, a lot of jobs, and a lot of additional product. we're strongly pro checkin chec- protecting the environment, u.s. has among cleanest air and water development in the world, and cleanest water and air they say in the world could we're the best, you want that and i want this, i want clean air and beautiful crystal clean water, right? we want that. people don't understand that about us. we also have right now the strongest by far economy anywhere in the world. we're the envy of the world, we're negotiating deals with china, with mexico with canada.

and many of them are already negotiated we have others to go. but we're doing a great job, trade deals that we were being taken advantage of, you would not believe, you would, you understood, you understood it better than politicians better than people w.h.o two stood her. -- radical activists, shocking to hear that so true. for example this past winter americans in new england, new england, great place, paid up to 4 times more than near 3 pennsylvania to heat their homes and also in new york they pay tremendous amount of money more for energy to heat their homes. because new york state blocked a permit to build the constitution pipeline. pipelines that goes across. we actually buy a lot of oil

from other countries like russia because we are not being permitted to build a pipeline through new york state. how about that, not too good. this obstruction just not hurt families and workers like you it undermines our independences and national security. this will fix this. so we'll get these approvals, done quickly. we need help with new york, new york is hurting the country. because they are not allowing us to get their pipelines through. that is why they pay so much for their heating and all of the themes that energy and our energy produces. so hopefully they come onboard, and get in line with what is happening, they also have a lot of energy under their feet. they refuse to get it people are living up there not doing well with jobs. not a good situation. but it will change. by mirror first order speed up s

for improving vital infrastructure on, like oil, pipelines, roads and railways, take no more than 60 days. a vast improvement, and president not bother creas burel have sole authority to bake thee decision. >> my second -- encourage new infrastructure financing. it will improve access for workers and operators to maintain electrical lines and stop state level abuse of water quality certifications, they abuse you. you are nowhere near water, for blockinblocking as we we build r energy infrastructure it will be like never before, look at over

last two years, now also the time to train even more. american workers. are going to perform their job better and better, places like this, what a job you have deputy here, jim, i -- you have done here jim, i just met your people, what a job. [applause] they love what they do. i just met them, if i say, i'll trade places you could have a beautiful apartment on fifth avenue, and i can work teaching pipelines, they would not switch with me. as far as white house, they definitely would not switch. apartment maybe close. we're having a good time, never had an economy like this, never. you know the world took

advantage of us in so many ways, but certainly on trade, that is coming to a halt, they understand, that they understood what was helping, they don't even -- they understand what was happening, and they don't blame me, i don't blame them, they took out 500 billion a year, would not happen if you were negotiating, you almost say who let this happen. >> i said to president -- i don't blame you, i blame the people in my position. those days are over. i said, that they are over. we're in the process of doing a reasonable deal. this is all why we launch pledge to american workers and our partners have committed to providing more than 6.7 million training and enhance career opportunities to their american workforce. we didn't an incredible job, my daughter ivanka works so hard on it, walmart and all big companies have stepped up, they

are doing an incredible job hiring people, i am proud to announce international union of operating engineers, signs a pledge today, and committed to train almost 550 thousand americans for jobs of tomorrow. [applause] that is pretty good, jim. pretty good. that puts you up there with biggest companies in the world, jim. i'm impressed. you've come a long way. with us today is brandon cooper from operating engineers local 3, he laug lost his job a few yr ago and came here to learn about pipeline construction, where is brandon, come here. say a few words, maybe you will

be a politician, who knows. [applause] >> i worked in construction for year, a member of local 3 in california for over a decade,. creating a little bit of everything. but i never worked in a pipeline industry. i needed training. yoyou can't fake your way throuh things in this industry, you have to produce, or you are gone. contractor will let you go at a drop of a hat if you are not making money. it is funny. the pipeline industry has a different language. despite working in an industry for years, i didn't know the lingo. their terminology is different from the rest of was industry. >> union you have an opportunity

to expand your skills, i didn't used to be proficienty on the equipment until i got in the union, the training opportunities have given me a chance to better my operating engineer. making more money. building retirement, security. and having a good healthcare. this opportunity at this international training center will pay my dividends. it has been a great experience, we appreciate what you are doing president trump, to grow this industry. thank you. [applause] >> good job. good job, brandon, thank you very much, i want to introduce the great larry kudlow, he wanted to be here today, i said, you don't have to come, larry, he said it was very important, larry doe -- kudlow, thank you.

>> with incredible grit and talent and spirit, you lay the pipes that power our industries and raise beams that build our skyscrapers, you are men and women to get up every day and make this country run and frankly make this country great. great job. what you understand better than anyone is you take pride in your work. andure nation will always take pride new, we have great respect for the work you do, believe me. to all of the talented operating engineers thank you for inviting me here today, very special. i know so many in this world as jim learned, in the plane, he was on air force one today, he was proud.

we took a couple of pictures with that big plaque behind us, he was happy. >> thank you, jim. >> and thank you to the devotion of all of you to our country together we're making america great stronger, and prouder and greater than ever before. god bless you all, and god bless america, thank you. [cheers and applause] >> president in texas, touting his success in reviving carbon industry energy in united states after what we called war on energy, perpetrated by the previous administration, there are stats to back up what he said about the increase in oil. and gas production, but the problem getting it to where it belongs, that made worse by goof nerves like governor of new york, cuomo. who is doing his best to prevent any pip lines from -- pipelinesm

operating in the state of new york, what the president is signing would make it easier to bypass certain regulations, we have lot of oil, not only our oil, we have canadian oil, but canadians run out of pipeline, they can't get oil and gas to where it delongs, that is what the president is doing, to panel, we were talking during break about how does the president about these measures he is now taking, make it easier for pipeline to be built in states why governor -- where the governor does not want them. >> you say, we will announce pipeline will be built, they take it to court and resist, they are over come, we have tens of thousands of miles of pipeline in which country, after world war ii, gas and the like, and the record the of safety it pretty good.

arguments gene against it is sp. and upstate new york, like someone said, is difference between old east german and west german. governor cuomo has hurt his state and the country with that attitude. >> u.s. should not waste natural resources, the u.s. 75% of oil growth in next 6 years, 40% of gas growth over next, you know, there is a lot at play, and u.s. has a lot of great resources at hand. >> true but -- >> i think that this confuse con two council, canadian oil right now can only get to the united states if you complete the pipeline to united states to go out to the world market, what happens now is we're getting

canadian oil at cheaper than world prices because they can't get it on rest of the world, if you build a pipeline through united states, you make it so the canadians can sell their oil for higher prices than now, that is not a great advantage to the united states and second, is that price of gasoline, right now, is going up, price of oil, prpre-- because trump administration put additional on -- and iran. >> that is the point. where do we want to get our oil from. number one oil producer, to we want to rely on opec whose member country we don't have friendliest of relations or tap our own backyard, use what we have. instead of relying on overseas

partners. >> i just want to add don't we dislike regulation with government, and government more control but have you two executive orders where president said infrastructure would be stream lined, they would have more control in or order to do with clean water act that they -- epa will revive is that more power to the government? to determine which pipeline can through through and how states can street clean water act? >> constitution, has a interstate commerce clause, that is where federal government gets involved, making sure states don't block them, and as for canada, getting oil and gas through united states, if they can have an access to world market instead of just u.s., production in can would g canadp that would be lower prices and

more productivity. >> not great for us. >> it great for us. >> you automobiling. >.>> okay. austin, i would love to hear your retort but we have run out of time, deadline today, president trump said that american people don't care about his tax returns, we'll debate it next on "bulls and bears."

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david: today democrat deadline for irs to turnover president trump's 6 years of tax returns. president is doubling down on his position. >> i would love to give them. but i'm not going to do it. while i'm you were audit -- i am under audit, i got elected last time, same issue. with same intensity, the people

don't care. david: is trump right? do only the congressional democrats care? >> i don' i don't know. in polling what he said not true, majority of americans think he should turnover his tax returns, if he committed tax fraud or broke a law that number is bigger. but, you know, i think even if it were true that democrats were only ones that cared, law is the law. they created the law out of tea pot scandal so congress could check tax returns and make sure there were not direct cop pliks- conflicts of interest. >> hard to tell i if we should e concerned or concerned about what is in there, the longer this drags out the longer we hear this audit story. the more is gets interesting.

maybe there something in there so to me, i think that is probably best to be dealt with, does not look like trump wants to deal with it. so, unless he comes up with another story that is what we'll hear. >> you just it looks like interesting, people are trying to see if maybe he exaggerated his wealth or financial ties. maybe understated but overall, i think the dems will sue, i think that rational on commit's part is a little weak, need to get legislation going and how irs looking at presidential taxes. david: we have to shorten that segment. u.s. attorney general. says that members of intel community may have actively spied on trump campaign in 2016. we get reaction from chris swagert, next. >> this was a attempted coop.

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david: attorney general barr making a shocking claim while testifying while being pressed on his intentions. taking an attack at fbi saying that intel community needs to look at for potential misconduct. >> spying on a political campaign is a big deal. a big deal. >> you are not suggesting though that spying occurred? >> i think there is a spying did occur, yes, i think it did occ occur. >> well -- well the question is whethewhether it was adequated. david: this was a shocking

announcement from barr. richard bloomenthal from connecticut pushing back on his analysis, issuing a strongly worded statement, attorney general rally barr must retract his unfounded claim that american law enforcement spied on president trump campaign, only spies were russians, one attorney general barr admit stld nadmittedthere is no evidence. -- joining us chris, former fbi asia-- a-- >> do you think he was right? >> he did not quibble when he said the word spying. you know, i think he thought

about his answer carefully because of that word spying. heck yeah. >> who allowed the spying to take place? >> right, bill barr's point, i am glad to see we have an attorney general who is curious about ped -- breadt was properld legally predicated on facts. and i am glad the ig is looking into, that but we're not sure how broad the scope is for the ig . >> chris, a question quickly about fact in -- not a problem with the fbi but a few people at upper echelon, could they go after them without talking the fbi? and demeaning what the fbi

stands for. >> that is what i've been saying there was a -- the a rotten inner circle, a inner circle under comey that for whatever reason were making up their open rules whether it was bias or a just didn't like the president. and it seems that mccabe got angry at the firing of comey his boss, and quickly fired off some sort of opening communication that authorized the extension of the investigation to trump campaign. i believe it was a corrupt inner circle. how how far out that extends that hard to say, i would not hold them responsible for poor leadership. david: chris thank you so much. >> true. david: alexandria ocasio-cortez slams out going dhs secretary kirstjen nielsen on twitter. using power of social media to

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>> the rest of her life, people will look at her and think, that is the woman who put children in

cages, and broke up families across the border, they be right. >> i believe she sold her sowl. >> she will be known for implementing a cruel policy. >> separating moms from babies, put babies in cages, some died under her watch, and she is not cruel enough for this president. david: that is not all, alexandria ocasio-cortez slamming kirstjen nielsen. on twitter, saying in steeling thousands of children -- stealing thousands of children, deporting parents, she oversaw one of largest scale human right violation in recent history. alexandria ocasio-cortez saying that nielsen does not deserve another job, using social media to pressure companies not to

hire her. what would want a job for the white house or anything else in federal government? >> that the whole design by the left to make sure capable people don't go in government, they try to scar you for life, this is nasty stuff, has all humanity of lennon, they are out to destroy, that is know example and by the way the obama administration separated families at border too. >> nielsen had a tough draw, look at march, 12 year high. border she -- that is other tough thing, border got out of control, yes bad things did happen, but there was a lot of flow problem with respect to how border was handled. >> all right. scott thank you. >> bernie sanders is taking medicare for all to the next level. by eliminating private insurance. how will that go down? more on that to come. trillion ds

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it's the most wo(nationwidyou see brad,

songs are really about big life moments. baby shower here. big. life. moment. what is in here? ohh! oh, i hope it's a life insurance policy. what? it's a sensible gift. protection for you and your family, nationwide has all the tools to help you find the right coverage. tiny baby shoes. so close. (peyton) makes no sense. babies can't even walk. should have been a life insurance policy. plus it would have been a great song. think about it, the lyrics, the beneficiaries... brad, where are you going? >> vermont senator 2020 presidential candidate, bernie sanders presented a contradiction at a rally today saying americans deserve a choice in healthcare but he wants to eliminate all private health insurance. >> the american people want the healthcare system that guarantees healthcare to all americans as a right. they want a healthcare system which will lower healthcare

costs. and save them money. >> training is now indiana senator, working on the gop own health care bill. tell us about your plan. >> and or bernie will roll out. i think the price tag was like $32 trillion for 10 years. that will not fly. that is jumping from the frying pan into the fire when it comes to healthcare. i have all along, agree that pre-existing conditions need to be covered, kids can stand health planets 26. obama, the affordable care act should been called the opposite was doomed to fail because your big healthcare, and goods with big government. never going to work. what bernie is talking about is i think, closer to what most americans expect. until you say that you will do

it through government.and giving up private insurance across the board, it needs to be fixed. i think that would cause a riot in the streets. most people are not ready for that. we need to hold the industry accountable. make them transparent, start fixing themselves. i tell them that all the time. and we need to, as republicans over the next year and and a half or two, put a plan together that we sell to the american public. the ship has sailed when it comes to those three pillars. i have created a plan in my own business 10 years ago. it covered those factors. my employees have not had a premium increase in nine years because i have embraced transparency. i've made my employees put skin in the game pay they are taking care of when they get critically ill or have a bad accident. and it is sustainable and i was able to lower family healthcare plans by $1400 a year. we need to, as republicans,

start talking about that and i think americans will listen. >> senator, one of the thing republicans could do, i'm surprised they did not do in the last election is proposed real liberation of health savings accounts. is that part of the agenda? how do you get the patient in charge instead of third-party factors like the insurance companies, medicare, medicaid and large employers? how do you make it a consumer market again? >> it definitely needs to be parted -- part of the plan. >> consumers an open transparent and competitive markets do the heavy lifting. there are more tools available now with technology and smart phones, than ever before. it works in all other markets. healthcare has evolved. you insure against the inevitable, minor healthcare needs, scratches and dents. we've gotten away from employees, patients having skin in the game. we probably have a narrow

window to get it all fixed because the industry itself is benefited from the status quo. that is why i tell them every day you ought to be the ones word mostly. you have one business partner, the federal government.many businesses are getting tired of putting up with the headaches. >> i agree with you on all of these fronts but i do think it is an issue when you're talking about transparency.we saw yesterday with drug pricing, no one was to take the blame, and is willing to be transparent. so how will we enforce that? especially when you have the pharmaceutical industry -- >> you have to do what i have done. i am the only republican out there that blames most of the crisis on the industry itself. bernie sanders, government getting involved in healthcare, is treating a symptom of a sick industry.that is why i have got two or three transparency bills out there. legislating that, you should

not have to do it. i would love to see the insurance companies, the drug companies, hospitals come up with their own transparency tools.i think if we get the point across to them, they might do it because they will realize like i said earlier, medicare for all is crazy, it will cost a lot but will default in that direction was just sad. >> senator, really heavy about 30 seconds. nancy pelosi agrees with you that the medicare for all is unaffordable. it will cost $32 billion. what happens -- >> 32 trillion. >> excuse me 32 trillion! what happens when they try to unite together when they have such different ideas about medicine, quickly. >> well, they will try to do that. it will take folks like me that can articulate it with credibility. hold the industry accountable, get them working to save themselves, along with smart

legislation that prods them to do it. we will all regret the other alternative. plenty of time to articulate it. >> senator, great to see you. thank you for coming. good to hear the perspective of a businessman turned politician. i wish there were more business people and politics. that does it for "bulls & bears". thank you for watching. we will see you back here tomorrow.>> fireworks on capitol hill but maxine waters got fooled on student loan debt. -- the bankers have to remind the chair of the house financial services committee that they actually stopped making student loans a decade ago after the government took over and nationalized student lines under obama. maxine waters raised the move back then. now critics are hammering maxine waters for doing nothing more than anticapitalist showboating today. we will show you that fight. and in the middle of all of that, a bombshell from