i'm jamie colby. thanks so much for watching "strange inheritance." and remember -- you can't take it with you. [ singing continues ] "bulls & bt now. ♪ how did we get here, how did it start. >> need the whole report. the american people need the whole report minus some redactions and congress should decide on and we'll subpoena that report. >> what's most important, they want us to get to the bottom of this. david: everybody has an opinion. the mueller report aftermath begins. tensions rising as the republicans demand to investigate the investigators and democrats fire of a subpoena for the unredacted version of the report. the markets and our competition are all closed. but fox business is open and here to entertain. this is bulls & bears. thank you for joining us. i'm david as maj.

man. joining me on the panel, we are honored to have former fbi assistant director bill gavin with us. the president just tweeting this, quote, big fat waste of time, energy and money. $30 million, to be exact. it is now finally time to turn the tables and bring justice to some very sick and dangerous people who have committed very serious crimes, perhaps even spying or treason. this should never happen again. bill gavin, what impact will all of this discord about the investigation have on future investigations? >> well, i think, david, we have to look at a couple of things. what's going to happen here, and i pray that it's going to happen right now, is that when the inspector general horowitz, his report comes out, he'll get closer to addressing what went awry in the bureau and who made it go that way. that's what's important right

now. and those people have to be held accountable. will it impact the way the bureau does business? i don't think seriously, 95%, 98% of the people everybody in america thought they were, they still are. unfortunately the people at the top included comey and that needs to be addressed right now. david: yeah. i think this is really foundational. i know a lot of people want to move on and talk about other issues, fair enough. but the idea that the government will use all of these surveillance tools created to track down terrorists, other assorted bad guys for surveillance of an opposition political party is really unacceptable. we need the whole decision history of how this began and how it continued. >> and i think it would probably come out during a horowitz report. i totally agree with you.

it's abhorrent. nothing like this should ever happen in the united states of america and it certainly should not have its origin in the institution at ninth and pennsylvania avenue called the fbi. david: this is the old i know you are but what am i from the schoolyard that i used to hear more than 40 years ago. is this really the biggest concern you guys have based on everything in the report, investigating the democrats at this point? >> i don't know if that's the biggest thing that's in the investigating the democrats. i think that what has happened here and as a result of the mueller report, a lot of things came out of that. but two things that did come out of it, number one, there was no collusion. and number two, there was no criminal activity on the part of the president. the democrats at this particular point in time are going out of their way -- their hair is on fire to try to do something -- i hate -- i don't like to word hatred but that's what's here.

it's palpable with these democrats. and you vem saying illicit acts that he committed or the poor performance of the president, the wrongdoing of the president with nadler. it doesn't make any sense. they need to get to what they've been elected to do, and that's look at the economy, the border security and health care. but i agree with you. we need to get to the bottom of why this whole thing happened to begin with and to ensure that it never ever happens again. and so we're on a two-pronged approach here. >> that's a good point, mr. gavin. what's next for democrats. no collusion, no obstruction of justice. where do they go from here. i know it's up to the house judiciary committee on what steps to take next if any. what do you think is going to happen? >> as already come out today,

the subpoena for the unredacted -- it's not going to happen. they're not going to get an unredacted report. they're not going to get the attorney general of the united states to give them a document whereby he breaks the law. it's not going to happen. they need to get over it. all of this is just they wrap themselves in this whole hatred of the president and they think this culp of invisibility of the american people want to know. it's nonsense. they want to eliminate this president and it's a terrible, terrible thing on their part. not going to happen but they're going to waste their time and waste the taxpayers' dollars right up through the 2020 election process. >> hey, bill, it's garry smith. i want to take a step back from a more macro level. i'm sure you have a lot more experience. i don't think i've ever seen the fbi more involved in politics if you will than catches bad guys than in the past four or five

years. i'm concerned that no matter what party is in there the fbi will act more and more like the kgb targeting an enemy's list, if you will. what do you see as the future of the fbi being more or less independent as opposed to attached to the hip to whatever the president or whatever party is in power wants to do? >> the fbi has to remain independent. it has to maintain that independence. i know i was in it for 28 years. we never thought twice about political considerations. never went into that. it was investigations to look at crime. and i agree, there are a lot of investigations today that do involve politicians but some of them are well-founded. this particular investigation was a tragedy -- not a tragedy. it with as horror show and it happened based on the five or six people at the top who

permitted it to happen. it happened because they conducted the investigation at fbi headquarters and didn't let it occur as it always has occurred in the field offices with honest agents doing a great job. and i think this director, i think chris wray is looking at all of that and is never going to let it happen again. the compare the bureau to, you know, to gru to the russians somehow, maybe a little strong. but i can see how it appears to people. but by the same token, it is being addressed right now prior to us ever speaking. but i think it will put a lid on this ever occurring again. david: the 25doj or fbi officials have retired, quit or been demoted. clearly there's an aftereffect. that's a better target record than what mr. mueller has. what about the section of the report dealing with obstruction

of justice. we heard jack saying that's a short trip by conservatives. some people say mueller went much too far -- these are unsubstantiatesubstantiated chat usually don't end up in a prosecutor's report. we had a couple hundred pages on this stuff. was that proper for mr. mueller to put that in there? >> i'm looking at that and i say, first of all, i have trouble getting my head around obstruction, because if there were no -- if there was no lie vegas of thviolation of the lawd anyone obstruct. i have trouble getting any head around that. david: i'm suspecting you think it was a mistake for him to put it in there? >> i don't think it needed to be in there. i have no idea why it was in there. but when we look at the 10, 11, 1212 things depending on who was to identify them, maybe there are things that you and i would have said, i don't think i would

have said that, he did say it. there was no criminal intent and that's been shown. and we have to get over this. i agree that we have to look at what caused it to begin with, no doubt about that. but i think we need to get over this whole thing with that report. move on. do the work of the people and don't make believe the people totally. the people in mid america not totally interested in the results to have report. they want to move on with why they elected their people. david: bill, a lot of if press corps seems to be concerned with what you might call the almost obstruction where he ordered aides to fire justice department people, including mueller supposedly. does the president have the right to fire executive branch employees or what that have been obstruction if his desires had actually been carried out? >> i think that' probably a redebatable fact. he has the right to fire some

executive branch employees. he has the right to fire the director of the fbi. no doubt about it. that's his right to do that. i think probably he walks close to the line on some of these and not close to the line, far away from the line on others. that's his style. he does what he does. if he had gone any further, would there be a point at which you could say yeah, he did obstruct justice? maybe somebody could argue that. i still have trouble determining what he obstructed. david: bill gavin, it is an honor to have you here. we thank you for being here, for your years of service. have a wonderful easter weekend. thank you so much. >> thank you. david: after weeks of speculation, former vp joe biden is going to be joining the already crowded 2020 democratic field. we'll tell you when coming next. . >> look, i'm getting so sick and tired of the way everybody is being treated. >> we got to stand together and if we do we will take back this

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poll showing interest, great interest in the 2020 presidential race already at election day levels with more than a majority of voters saying they're already extremely interested in what's going on. thias a new report confirming tt that former vice president joe biden will jump into the race. he's officially going to announce he's running on wednesday. but with bernie and his progressive wing rise in the polls among democrats, particularly younger democrats where he's now ahead of biden, is the biden team overconfident? >> i don't think the biden team is overconfident. i think in terms of an investor, you would want -- wall street i think favors biden if he announces plans to run 2020 over brenders. bernibernie sanders.

i'm a millennial so i don't fall in that category. look, as an investor, as someone who is a cheerleader of the markets, a proponent of having sound economic policy, i hope joe biden steps in the race and comes out ahead. >> well i'll tell you what, heather, i think every other candidate hopes joe biden steps in. it reminds me, you know, last weekend we saw what happened. we saw the supposedly the greatest comeback every in tiger winning. tiger had won majors. h was at one time the greatest of all time. joe biden winning the nomination would be the great ers comeback ever because this guy doesn't have a pulse. at least his campaign doesn't have a pulse. other than the touchy feely stuff, he seems like a decent enough guy but he's run before, run what, 17, 18 times now?

david: no. this will im th be the third tis run for president. >> he doesn't move the needle at all. every other candidate should be thrilled he's in. he's going to get his 15 minutes of name and they're going to realize what they've realized in the past. this guy is duller than dirt and should not be president of the country. >> i was going to say i don't want to sound disrespectful. david: yeah, you can't top that. >> with biden and bernie and trump in this, am i watching cocoon or an election. and i'm wondering, if bernie is gathering all of the enthuse yam of the young, isn't that what a cory booker or a beto o'rourke is supposed to do? if they can't capture the imaginimagination of the young e they speaking tng the name yd, biden with a lot of money. but the opening, the market not

being served right now is a moderate policy agenda. i think he's got an opportunity here, if he comes n comes in ans green new deal crazy. i'm all for addressing climate. but it's got to be something that the economy can bear. same thing with health care. he should say we're not going single pair. people like to have a private market. here's a better way to go. i think that's the opportunity for biden. >> that's the point. i think that democrats out of the 18 or so candidates in the race, they need a moderate in the race and i think joe biden would be the closest thing to it unless he jumps on the progressive bands wagon which i don't think he will. then he's got a good shot. david: to that point, the theme apparently that he's going to roll out next week is called th, look, the soul of america is not social lis tick. but the soul of america is not vulture capitalism too.

i think that's a phrase that we're going to hear that we've heard in the past. somewhere in the his l. middle. we're getting word that something we're going to hear is called cooperative capitalism. something in the middle. >> you're right, david. i can hear his platform. it's going to be hey, i'm just kind of in the middle of everything. i really have no firm views. i'm kind of mr. milk toast. that's what it's going to evolve to. and i got news for you. years and years ago the press would have loved that. now that doesn't sell copy. aoc's ramblings and bernie sanders socialistic stuff is the head lines. no one wants that milk toast stuff anymore. >> he'll get some of the wall street vote. again if trump doesn't win reelection in 2020, president trump, i hope that someone like biden wins from a

perspective. elizabeth warren is waging war on the banks, jp morgan saying they're too big. they're going to regulate left and right if they can. if it moves, regulate it, tax it. >> you have to be a policy moderate, the door is open. but at the same time you have to stand next to trump who can commend the attention of the entire room. you have to be exciting enough to compete with that. is biden the man that can compete with that. >> and you've got to get the votervoters in the middle. look at the gallop polling. there are a lot of democrats who call themselves no moderate and conservatives. there is an opening. there is a moderate in the race now, john delaney, former maryland congressman, started two public companies. pretty impressive guy. watch out for him. >> what's his poll numbers? david: pretty small. >> 0.0001?

very low is understated. david: i got to stand up for ol' joe. both jack and gary have beat up on him. he's apparently wants to open his campaign next week in the steps of the philadelphia art museum. remember rocky? not all old-timers who have tried it before failed. rocky succeeded and joe thinks he can be the next. >> will he be wearing the gun metal gray sweats and the whole thing? david: we'll have to wait and see. might be too cold. the economic impact of trump's trade deal with canada and mexico. it could be huge. a startling prediction coming next. ♪ am car with all that usaa offers

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david: president trump's new north america trade deal is going to be adding $68.2 billion and 167,000 jobs to the economy. this is according to an independent international trade commission record. for more details, let's go to edward lawrence, live inside the belt wave with more. >> the u.s. international trade commission report marks the final piece of information that's needed for congress to start the ratification process. the report says the usmca will give a modest gain to the economy, creating 167,000 jobs over the next six years before it must be renewed. that's less than the average monthly job gains over the past three months. still, there's a growing backlash within congress and mexico and canada. the house ways and means chairman says we most closely

analyze the terms of the agreement relating to labor environment and enforcement. as i remain concerned that these portions of the renegotiated deal are not yet acceptable. ron portman says steals steel and lum tariffs remain in place for mexico and canada, he may not vote for ratification. kevin hassett, not worried. >> there are moments in time when something is obviously such a good idea it can make it through this broken congress and i think the usmca is going to be one of those things. >> and the administration needs at least 24 democrats in the house to vote for ratification. if they get all of the republicans, along with the pushback from congress today, a senior canadian official saying nalling to me that they are are not going to ratify unless the steel and aluminum tariffs are removed. today the trade office told me they're working on a side deal to remove the tariffs with both mexico and canada.

they're just not there yet. david: so gang, if passed, could this deal keep the economy humming? what do you think? >> this report is very good news. i think for people who like limited government, we've kind of been looking at this trade deal, this rewrite of nafta as maybe could have been worse, maybe not too much damage. okay we're going to pay more for cars but otherwise not all that much damage. bipartisan panel, not peter navarro, not the white house saying this is actually going to add some jobs, a little gdp. kevin hassett says this analysis doesn't even include gains for us in intellectual property protection in the deal. i think what could have been terrible maybe is not terrible. maybe it's even good. i hope this report is accurate. >> i mean, i'm looking at 0.35%. that's the gain to gdp after six years. i need to change the prescription on my glasses to see this.

>> look, i'm glad to have a deal. i'm glad business leaders can make decisions going forward and have does ability. the president was talking about this as the worst deal in the history of human civi civilizat. i don't know how you go from that to a trump deal and you're getting 0.35% after six years. david: go ahead. >> i'm going to go right between james and jack on this. i agree with james. look, it's great that, you know -- the government steps back a little bit. it would be great if we don't have to have the agreements. it was just free trade. but i'm with jack. the effect on this, you talked about the effect on the gdp. 0.12% on the unemployment. that's like two walmarts opening other the next six years? it's nothing really. we're crowing about this? it's kind of silly. but look, any move in the positive direction on 0 opening the borders is going to be good regardless. >> okay. wait a minute. wait a minute. i'll push back a little bit.

we're protecting u.s. awes to manufacturers, 75% of a car from 62% now have to be made in north america, 40 to 45% of which of these car parts of manufactured cars must be made by workers making at least $16 an hour. and what is that doing? that's going to protect plants, auto mrvers, u.s. plants from being shipped to mexico for example for cheaper labor. >> what i do we need to protect our industry, heather? >> manufacturing jobs. what do we need to. >> why do we need to protect them? why do we need to single out an industry and who is hurting by having those industries protected? it's the american consumer paying the slightly higher prices for the cars. >> the whole point of president trump and trade negotiations with usmca as well as china is protecting domestic jobs here in

the u.s. the prices may go up for the con um sere we're protecting the manufacturer. >> i agree with that but why don't we protect the steele stey and all of the other industries affected? >> that's why republicans are pushing back saying that part of the deal they want to iron out, get rid of the steel and aluminum tariffs. you're exactly right. >> i don't mean to depress gary any further. >> no, i'm in a good mood actually. >> it's almost certainly going to get worse to get democratic votes in the house. david: that's true. >> so, you know, we're hoping maybe this itc thing is accurate, maybe this doesn't do damage, maybe it helps the economy. but the deal is going to get worse. david: despite your use of the magnifying glass to see the impact of this thing, again it

depends on which way you're going. if the direction is down it's bad, if the direction is up it's good. and if you get the usmca, small as the gains may be, coupled with a china deal, i mean, you could have, not only our economy but you think of how china tariffs have hurt the world economy. you could have a boon that would last us at least through the election, right? >> here's the good news. you're going to get more growth from here. this expansion isn't over. this bull market i isn't over. i guarantee part of it was run by a party you don't like. we had great gains and pretty good growth during the period because the only thing that mattered is the low interest rates and government spending. we don't like the deficit spending. we're going a billion dollars into the hole on the deficit. we're juicing this economy and it's going to keep growing from here. >> it's been tightening at the mash gin. margin.

the big trump contribution to the economy are the tax cut and deregulation. so if we get modest harm or do no harm, if we get a china deal resolved on pretty much -- there's a pretty wide range you can accept and the overall impact of the trump agenda is good for the economy. david: the doctor's creed, at first do no harm. for if first time in ten years, new york city's population took a dive. are high tox policies to blame? we'll debate that next. cooper! did you eat all of your treats? ♪ help! i need somebody ♪ help! not just anybody ♪ help! you know i need someone what do all these people have in common, limu?oug [ paper rustling ]

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it's the most wonderful life on earth. (speaking in foreign language) i'm sorry i don't understand... ♪ help! i need somebody ♪ help! not just anybody ♪ help! you know i need someone just saw its population decline for the first time in a decade. new york city saw a loss of 38,000 residents from 2017 to 2018. now l.a. and chicago also saw similar drops in their population. one constant for these three areas is their high tax rate.

is that just a coincidence? what do you think? >> absolutely not, david. it's simple math and it's going to get worse. it's going to be like the state of connecticut where it's going to be a death spiral. david: wow. >> if you're a high income earner living in new york city you're paying 8% state tax. flow the city tax which is another 4%, now you're over 10%. let me contrast that with you get high speed internet like i have here in vero beach where you can do everything remotely. you know what the city tax is here? zero. know what the state tax is in florida? zero. it's simple math. if you have money and you can do most of your work remote, you don't need to be in new york city with the crowds. as much as i love new york city. that's why people are leaving. it's just going to get worse. >> i think high taxes are exactly the right reason. gary, if you have high speed internet connection down there, it must not be in your studio. i now sometimes we get you on a

one-second delay. >> i do that on purpose. >> just to make us think. it's a pregnant pause. but look, i mean, governor cuomo has blamed the weather for the mass exodus. florida has gained 1.2 million people other the past ten years but it's not just because of the weather. it's because there's no state income tax. that's why people are flock thrg. if you look at california, it's pretty sunny in l.a. but they're losing capital and people rapidly. over the last decade 76,000 in capital has been lost in california and 275,000 jobs they've lost. it has to do with the high state income tax. >> first of all we're talking about 40,000 people in new york city leaving. 18,000 in queens, i lived in queens for years. i think there were 18,000 people in my building. this is not a lot of people in new york city. what i'm wondering is if it's the taxes, why has there been such a boon and flow of people

into new york city over the past decade. didn't we have high taxes then ? >> the last 20 years there's not much growth at all. and you see the boom towns in the u.s. are places with lower or no tax rates on income. you think of nashville, which has been booming for years. tennessee doesn't tax wage income. you look at dallas, texas, very, very favorable tax rate. so with new york, what's odd though is we're having this population bust at the same time our mayor is telling the president we don't want any of the immigrants. 52,000 families apprehended at the southwest border last month, our mayor ought to be saying come on up to the big apple, we need people. our population is now growing. david: jack, you may not be worried about taxing taxes goind the decreased population but governor cuomo is.

he's noticing that most of the people leaving are the high earn ares. governor cuomo said i don't believe raising tax on the rich is the right idea now, he says that now. he said, god forbid if the rich leave and there was a $2.3 billion shaftfall in taxes over the first quarter. >> i'm not here to defend high taxes and there's a name we're not mentioning in all of this. what happened to the trump tax cuts that targeted blue states by making taxes a worst deal there. if people are moving out of the cities, it's because of that. is there any risk that this back first? i don't know. that's why you see the sudden population decline in new york. >> basically what the tax reform did, it made governments responsible for their policies. it's saying no longer is the federal law going to subsidize heavy taxes in these states and

you're seeing the results. >> we're net donors. all f the net resip yepts, we're net donors. we pay more than we get back. >> are you proud of that, jack? that's not a good thing, right? >> i'm just saying they shouldn't making our deal worse. not that i'm complaining. i'm just saying, it's no surprise. >> the one thing to remember is that people like jack who are in the 0.0001%. >> don't insult me. >> they don't know what their taxes are at this point. david: by the way, gary, your lovely state of florida which chaz great weather equaled to only by california was this close to putting a tax-raising governor in a position of power. apparently there aren't enough voters looking at what's happening in the northeast and elsewhere where they raised taxes. >> there the problem is. we had a guest on this show, you know, talking about in new york state, you know, more and more of these states like florida are controlled by the metropolitan

areas, like gainesville and orlando and miami which are very, very blue. and the other 85% of the state is red. so yeah, that's a concern. i might have to move again. costa rica or something. david: good luck. nothing short of a media meltdown after the mueller report virtually destroyed the collusion narrative. will the media ever move on? we'll debate that coming next. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.

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making the case that the president tried to collude open makes a detailed case of how he tried to obstruct. >> if there was no chargeable election conspiracy why would the president do so many things that would amount to evidence of obstruction. >> i look at this evidence and it sure looks like obstruction of evidence to me. >> if it wasn't active collusion proven, then i think what we have here is a case of passive collusion. david: passive collusion. the media is continuing to push the russian collusion narrative even after the mueller report rejected it. let's bring in the vice president of business and culture at the media research center. dan, will the media move op and focus on issues that we care about, like the economy?

>> they'l they've really tied themselves in knots. they spent two years telling people that the president of the united states is a traitor. telling you that he worked with a foreign power and stole the election. there's not a lot of room to back off of that oops our bad. they're just getting worse. because the only answer is they now need to pretend there was something. they've moved the goal post so far -- it's a good thing it's not football season because they've got to get a mission to mars. >> dan you've obviously studied the media for a long time. in general are relookin we looka commercial, outlets like cnn and msnbc feel like their viewers want this somethin message and t to keep flogging it? you think it's professional stubbornness, not wanting to

give up the narrative? why do you think this is happening? >> part of it is, there's a financial incentive for some outlets. the "the new york times" has certainly made a lot of money on this and some of the other outlets did. but once the narrative goes away, no matter how much you keep beating on it, the horse is still dead. so the people will move on. so it goes back to their initial belief that trump is guilty because they tried to stop him and failed. so they must keep trying to stop him. this is going to go on two or maybe even six years that they're going to keep on doing this because they're trying desperately to hand him the 2020 election. >> how many american institutions are we going to malign in the defense of this president? the people out there who are on the trump train, god bless you. i'm not a partisan. have a nice trip. i wish you the best. we started off by talking about the justice department and now they're wrong because of the information, now the american press which i happen to think is

the envy of the world, the american press is a problem. every day i read by "wall street journal" and my "the new york times," i read the hard news, the opinion from the left and the right, including james freeman. i mean, i just don't see why we want to go after one institution after the next. >> well, the institution that is befalling itself, journalism. i spent a lot of time in the news. and when it gets to the point where maggie haberman of the "the new york times" is complaining that the white house used a song trying to make some nazi comparison because she never saw "sound of music" and doesn't realize that the people didn't like the nazis were the one who sang the song, that's a sign of desperation. that's where they are right now. they must prove their narrative right because otherwise they've lied to the american people for two years. and remember, they are. the buzzfeed story was wrong. buzzfeed admitted just

yesterday, that story was wrong, that the president hadn't told michael cohen the lie. cnn let go people because another story was wrong. a lot of the russian narrative stuff that we've been told all along has been proven false. but the ultimate peace that they said was true, collusion is just flat out wrong, accept it. >> so -- sorry gary. >> go ahead, heather. >> so what does cnn and msnbc do now in terms of if all they've talked about is this falls narrative for the past two years, if you look after the mueller report was initially released, there was no collusion at the end of march, cnn and msnbc's ratings plummeted. fox, of course surging. rachel maddow's show last 23% in viewership. can they still exist after this? >> well, remember the business model for cable news shows is

you pay the carriage fee. it may hurt their viewing audience, may hurt their i advertising but ultimately they get a high carriage fee if you pay for cable. it doesn't damage them in that way. and they live in this new york-washington-l.a. bubble that says, oh my god, everybody i know thinks this way. david: i got to take executive privilege here. forgive me. this is the creme d creme de la. this is michelle goldberg tweeted out the following, quote, we continue to underreact to our government's transformation into an tore authoritarian hugh that because the attorney general came out to a meeting with the press. what do you make of that? >> they were trying to say they didn't want a press conference. when does the press not want a

press conference. this is the classic damned if you do, damned if you don't narrative and it's just ridiculous. they were making fun of rod rosenstein not blinking. david: dan, thank you for coming in. have a great holiday weekend. breaking news before we go. dow jones reporting that tesla's ceo elon musk made a total of $2.28 billion in 2018, nearly all of it in option awards. musk's total bay, including base salary of 56,000 dollars and 56,$380. me made a little more of that in his options. coming up, gas prices in california going from bad to worse, rising to over 4 bucks a gallon. should the rest of us be corned? we'll breaconcerned? we'll break it down for you we'll break it down for you right after

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these unique ethanol blends that they have and california is very far away from most of the refineries in the country, along the gulf coast, so all of those equates to some higher gas prices than usual among other factors as well. >> i get to talk to a lot of chiefs, i have asked the biggest oil refining chiefs in the country why are gas prices so high in california and i haven't heard an explanation i can understand because even there's a professor of berkeley who studied this for years he calls it mystery surcharge since 2015 he figures drivers there paid $500 per-driver extra beyond what they should have paid, even considering everything else, he can't explain it there's something that needs to be investigated in california gas prices. >> well i'm not sure there's something that needs to be investigated. i think this is actually a supply and demand problem, being a part of what heather talked about is the over-restriction, over regulation of what california can and cannot sell but i think the root of it is

this is a supply problem that's why you don't see this in the rest of the country of course it also points to if we had a freer market and less governments around everyone would see lower gas prices, but i won't get on that bandwagon right now. >> it seems to be temporary and related to california weirdness, in terms of consumers around the country, i think if you are concerned about high gas prices the big threat is the green new deal, which was co-sponsored by every senate democrat running for president. >> by the way there's also heather you probably know more about this they have this seasonal pricing now that might be too early but in order to prevent that pollution they're famous for in california they have stricter concerns about ethanol, gas during the summer right? >> they do in their state compared to other states in the country so all of these stricter regulations are equating to higher gas prices for them, so maybe they'll get on gary's bandwagon, free markets and less regulation. david: you know if california ever went back to the ronald

regan days of free markets and they have the beautiful weather in addition it would be paradise , now it's half paradise , half tax hell. >> and weird. david: that does it for bulls & bears have a wonderful hol - [announcer] the following is a paid advertisement for the hoover smartwash. when your throw rugs need cleaning, you toss them in the washing machine, easy! if only you could do the same for your carpet. instead, here's what carpet cleaning looks like for many of us, hauling around heavy, bulky rental machines. they're a hassle. and do you really want to bring someone else's dirt into your home? and then there's all the mixing, soaking, waiting forever for your carpet to dry. no wonder we sometimes give up and call in a pro, but that's a whole other level of pain! they're all over your house, you're left with a damp carpet, and it costs a fortune! sometimes you just want to give up. now there's an entirely new way