tv Cavuto Coast to Coast FOX Business April 22, 2019 12:00pm-2:00pm EDT
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whistle. stuart: off you go, kids. off you go. that was well-organized rush for easter egg. stuart: i was up on one in different state. that was riot, my time is up. david asman in for neil. ashley: i can't imagine you hosting a easter egg roll. stuart: i attended it. ashley: that is it this is "coast to coast" i'm david asman in for neil cavuto. secretary of state mike pompeo is ending waivers for countries importing iranian oil. prices spiking on that and hitting five-month high. blake burman with the very latest from the white house. hi, blake. reporter: david, i'm told president trump in concert with secretary of state mike pompeo but really the decision of the president to decide to end this waiver process that allows for countries to import iranian oil
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and sanctions them if they do so. the administration today is trying to make the case this decision will not lead to higher oil prices. here was the secretary of state earlier today. >> both the kingdom of saudi arabia and united arab emirates assured us they will insure an appropriate supply for the markets. of course the united states is now a significant producer as well. oy can confirm each of those suppliers are working with iran's former customers to make the transition away from iranian crude less disruptive. reporter: saudi arabia's minister of energy said the following in a statement saying quote in the next few weeks the kingdom will be consulting closely with other consuming countries and oil producing nations to insure a well-balanced and stable oil market for the benefit of producers and consumers as well as the stability. the president's top economist is downplaying the link of possible
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higher oil prices and the economy. >> that link between the economy and oil prices seems to have severed because we produced so much oil it is kind of for producers very good news when oil prices go up and for consumers it is not necessarily good news. but the balance is more toward a net zero for oil prices than it used to be where it was clearly a negative for the economy. reporter: five countries had been using the waiver. the waiver had been out there since the president said last year he would withdraw from the iran nuclear deal. the waivers went into effect, those five countries, china, india, south korea, japan, turkey. that will end may 2nd. david, within administration the focus is on china and india,. >> good luck with that one blake. national average for regular gas is 2.84.
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it is over $4 in california. to market watcher scott shellady. we're hearing from the saudi kingdom. they say they are making up for the loss of iranian oil. can they? >> they can. they like to see higher oil prices as well. they benefit from that. but at the end of the day, i say 65 to 70, you will have some speculators start looking at that 70 number. just like everything else, david, it is really hard for me to see these prices rip your face off. we haven't seen wages up off the ground or home prices really killing it. the problem we have situation, we have slower, lower, longer across-products and oil is one of them. yes the path of least resistance is higher right now but i don't see it running away from us. david i don't know, they're peers gain, is that a spike, do you think will cam down by the end of the week?
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>> path of least resist sans stance is higher. as far as what the consumer purchases on daily basis as gone smaller. we buffetted for the big wild rides. i just don't see this thing ripping your face off and getting away from you, because really nothing has today. david: in december, the end of december, remember that was an awful month for stock prices, people were talking about recessions all over the world et cetera. it was $43 a barrel. the fact it is up to 65, of course a lot of it today has to do with iran, is most of that rise, that is 50% rise over the past three months, that most of that because now recession fears are behind us? >> yeah. i mean if you remember, actually a little bit, six weeks earlier than that we were calling for
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$100 a barrel and 4% 10-year. the investing community got both those trade so wrong, so large, we saw the 4% 10-year go to 2 1/2. we saw oil go down from where it was at the time in mid '80s to somewhere around $43 a barrel like you said. we're getting our feet and coming up with something more sustainable. with the earnings we're seeing and numbers coming across the ticker, we put fierce -- fears after recession off into the future. every given year weigh have 1015% chance of a recession. that we have pushed that off, and hopefully pushed that off until after 2020. david: gas prices are trickling up 3-dollar level. in california it is over $4 a gallon. that has unique things dealing g with california and their
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regulatory poll share, have you. how much above $3 a gallon could we go? >> around 3.50. ashley: 3.50. >> $4 is threshold where it starts to hurt the economy. we're at critical point. those argue higher oil prices good for the economy. we get so high the consumer starts to hurt and maybe the fed is right about taking foot off the pedal. we'll push the upper bands. you could see another 25 to 50 cents more per gallon. again i don't think it will run away from us. david: u.s. producers, there was concern back when it was $43 a barrel that they were shutting off wells and that the whole fracking industry would be hurt significantly. they must be pleased as punch right now, no? >> yeah. you're right. that, you know, the oil industry back in 2018, when we really had it bad was responsible for 25% of the jobs when we got
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ourselves going again and got on our feet. yes the oil industry is very important and we need to make sure it is healthy. they will be healthy at 65 than they are 45. whether or not we sustain the levels, whether we take them higher or not, i just don't see oil going crazy. there are folks that say yes, here we come, 80, 85, but we haven't seen anything productwise really rip your face off. i say slower, lower longer. that is what the economy is doing to me. david: scott shellady, thank you very much. >> thank you, david. david: in the deadly terror attacks in sri lanka, the officials say they had warnings that an attack was coming three weeks ago. why didn't they take those warnings more seriously, brigitte? >> they received warning 10 days prior to the attack. they were heading major holiday for christians.
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remember this is a nation where christians are 7% and christians suffered 86 attacks last year alone. there is precedent. this is not out of the blue. they should have been more prepared, especially the churches. not like there are many big churches in sri lanka. major churches and hotels should have been notified and security present. david: terrorists scout out softest targets they can find and looks like they found it in sri lanka, no? >> they look for the softest targets. when you look at a major church at easter it is not really a soft target. people are going to be there. you would think they would be more prepared. they were not. this spend is warning sign, david, a warning sign when people tell you they want to kill you, you better pay attention. when you are warned you need to take the necessary precautions to protect civilians. we've seen this repeated again and again all over the globe. remember the the mumbai attack,
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we saw multiple attacks in multiple cities, organized by multiple peoples they had organization, and plan and training, nobody paid attention to the warning until attacks happened. they were hotels, major locations in the city. we see the same signs happen in sri lanka. david: the organization believed to be responsible was a small, kind of a two-by the organization. they were known for vandalizing buddhist shrines and turning over tombstones in christian cemeteries. nothing at all comparable to the size of attacks we saw yesterday. seems they must have had some support or maybe just a cover using this organization for isis or al qaeda, mo? >> well, the national jihad is a small group in sri lanka, they have a lot of sympathizers and
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supporters, national throwheeth jama'ath. they had support from the outside and same thing with this group. what is so interesting, that you know, al qaeda talked about -- means coming together as one. this is literal translation in arabic. al qaeda talked about setting up chapters worldwide to bring together the islamic nation to their ideology. again we go back to the ideology. what this shows us is that no matter where these terrorists or these small groups are, even though they don't share the same language or share the same skin color or share the same nationality but what they do share adherence and ideology they understand and act the same way. that is the danger. western civilization and as well as all innocent people across the globe are in danger unless we pay attention to the warning
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signs and be willing to discuss the ideology and not shy away from it because it is not politically correct. david: it appears the anti-christian forces are increasing. look at number of attacks, thousands of people every year are dying, the numbers going up. i wonder with the huge inflow of muslim immigrants into western europe it does make it more difficult for security forces to find out whether these terrorists are being embedded in these immigrant flows, no? >> we know the terrorists are embedded immigrant flows because we received intelligence. in the beginning when they came from syria into europe the last two years, isis came out, in the days of isis, said we already embedded 4,000 operatives within the refugee population to come into europe to set up our operation there. so when your enemy tells you exactly what they're doing you better believe them. other than that, we've seen from the terror attacks across
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europe, belgium, britain, france, germany, last few years, almost exclusively all the terrorists who were involved in these terror operations came as refugees or were children of refugees coming into europe. so the writing is on the wall. it is very clear. we need to start paying attention and be willing to discuss this issue and the attacks by radical islamists against christian churches, against christian people or groups. look in france, over 800 attacks against christian churches in the last year. nobody talked about it and nobody is willing to talk about it. david: first and foremost our prayers and sympathies to those who lost loved ones yesterday. it was just an awful, awful massacre. thank you very much for being here. appreciate it. >> thank you. david: president trump fighting back again. why the democrats fight for his financial records may now be heading to court. coming up is the samsung
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foldable phone a complete flop? new troubles with rollout we'll tell you about. don't forget "bulls & bears" 5:00 p.m. eastern time with analysis at today's headlines. my show at 5 this afternoon. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow,
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david: there was even more trouble for samsung's 2,000-dollar phone. the company reportedly delaying it its galaxy release after users say the screen broke. kristina partsinevelos has the story. >> delaying the goal lax sy fold not only in china, specifically shanghai and hong kong but the latest seems there might be a delay in the united states. originally they were supposed to launch the phone this friday. "the wall street journal" is saying it will be another month until they launch it. i reached out to the company twice this morning trying to get feedback. they haven't responded. seeing the phone, david, a little less than $2,000 t was sent out early to a lot of reviewers and tech journalists and there is already report of malfunctions, screen malfunctions, people ripping off the plastic cover when it wasn't supposed to be ripped off. protruding hinges, the screen flickering. that is part of the reason why
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samsung right now is holding off on its launch. they're doing an internal investigation but i guess if it is not a good thing if tech journalists can't seem to get it right and facing issues. overall if we look at the entire market, smartphone market as whole, there are three major issues, we are holding on to the smartphones a little longer. this is according to bernstein research. the replacement cycle is lengthening. means we're buying it almost every three to four years instead of every two years. we're seeing a major drop in smartphone shipments in 2018 according to idc research. you sat biggest drop ever, almost 5% down. and then consumers overall are frustrated with the price of smartphones anywhere between 4 to $500. people want cheaper phones. overall the bigger picture, that the smartphone makers are trying to attract new customers. the galaxy fold could be the future. huawei has their own foldable
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phone. but clearly there are problems and bumps along that way. david, i will throw it back to you. david: kristina, thank you very. we have gary b. smith and susan li. susan you look at these things, it is not just the plastic strip they're trying to tear off when they shouldn't be, it is the flicker. those don't seem like easy fixes, do they, for samsung? >> obviously when you're trying to sell 2,000-dollar phone to show how advanced technology is it will not be easy. we should point out most of the users did not have a problem with foldable phone. there are some examples as kristina reported, people complaining screen not working or hinges broken or removal of the top plastic part of the display, you're not supposed to take it off. it is difficult with shipments down. 5% overall for industry last year. samsung had to downgrade their earnings twice, by the way, two quarters in a row.
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there are also falling smartphone shipments by 8%. they need to prove themselves. this will prove tough especially delaying the introduction, dave. david: gary, i'm sure apple is crying crocodile tears over samsung. they must be very happy. because their phone was criticized being too much money. this samsung phone is twice what their latest iphone is, it doesn't work too well. >> exactly. kristina was saying price is $2000. are people -- maybe i'm been out of the smartphone market for a while. can you buy a used car for that amount of money? in a perverse way this benefits samsung. yes this is stumble. my gosh all the free press, i honestly did not know they had a foldable phone until i heard about it. people are the bleeding edge that might not know, okay, they
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have had their stumbles, i will look at the release 2.0 of this, you can't buy that kind of publicity. >> i'm not sure that is publicity samsung wants. remember the overheating batteries on galaxy note that caused them billions in recalls to fix the phones. is this good for many samsung? i'm not sure. david: we have breaking news coming in. president trump has another tweet, a very substantial one. he says my friend herman cain, a truly wonderful man has asked me not to nominate him for a seat on the federal reserve board. i will respect his wishes. herman is a great american who truly loves our country. there is still, apparently respect and friendship for each other but, gary b., last time i checked herman wanted the job. i suspect there was pressure for him not to take it.
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>> exactly. they were going to unearth all the accusations he has had, sexual misconduct if you will. some of the others. people were saying he was not qualified, he was not an economist. he was just a businessman that didn't know much about -- david: by the way he was also the head of the kansas city federal reserve. he is not without significant experience. >> in advisory capacity, right. david: susan, let's switch to earnings season. we have 40% of all dow components reporting this week. we already had a big change this morning at kraft. they announced a new ceo. a lot of businesses is coming this week. might be pretty good, right? >> okay, talking to a lot of traders at new york stock exchange about this week. it will be the busiest in the earnings season. 155 companies. $9 trillion in market cap. so far out of the 20% that reported so far have done pretty well. we're expecting big technology names to roll out.
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microsoft, facebook, twitter, then amazon. a lot of heavy lifting so far on the comeback with the s&p, best start to the new year, close to going back 6 or 7 years ago has been done by the technology names. their sales are expected to increase 20% in the quarter. compare that to the s&p average looking for 3% and technology. people say it is overcrowded trade but still the place to be with a lot more upside potential. david: that december storm, thank goodness seems to be over. gary, susan, thank you very much. a lot of breaking news. we appreciate you rolling with the punches. democrats probing trump finances. they just got a new challenge. the legal fight that is pruing. wait until you hear the latest on that. it is still ahead. i'm working to keep the fire going for another 150 years.
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affairs under trump, ian pryor, saying it is food he is standing up for himself. ian, looking at complaint or the suit, first name is donald trump, address is 1600 pennsylvania avenue. we know that is the white house. you have the trump organization, the trump corporation, d t.j. holdings, et cetera, is this a personal suit by the president of the united states or a corporate suit by the trump entities? >> you know i believe it's a combination. i think that this entire subpoena by the house oversight committee is really just overreach. their job is to oversee how the government functions, make sure it is functioning properly. their job is not to go back and look what the president did at his corporation before he became president. if we start going down that path, with the oversight committee can look into private corporations of politicians, we have politically motivated house of representatives on either side doing that we're really
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looking at some problems going forward. david: now the president clearly feels energized and supported by, by the mueller report, the decisions came out by the mueller report. i can't imagine him giving any ground. if any he will fight even harder. >> he should continue to fight back. obviously on the collusion and conspiracy piece, it was complete exoneration. we all can agree the obstruction of justice was a little more nuanced but one of the things i'm disappointed about i've seen in the coverage of most of the media, that the mueller report said it is up to congress to make decision on obstruction of justice. the mueller report never said that. the mueller report said mueller's team was able to investigate obstruction of justice because congress, passed laws, previously passed laws on obstruction of justice would apply to everyone, even the president. mueller determined there was no constitutional defense for the president to say look that
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doesn't apply for me because of my article ii power. there is nothing in mueller's report saying congress should take this up on impeachment hearings. congress can do what they want but -- david: but the point there was a lot of stuff in the mueller report, whether there was a lot of people a lot of legal scholars argue should not have been there. that she was not supposed to come out with stuff she could possibly prosecute on. you either do or don't. >> that report had been written perhaps a pretty long time right? barr never had an obligation to put that in front of congress or make that public. that support was just supposed to go to the attorney general. when they started writing it they didn't even know who the attorney general was going to be. the idea they put that out in public. we have to understand the reason why this is out there in public in the first place because bill barr committed to being pretty
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transparent. david: the public is fed up with with all the investigations and what started with the mueller report is with interest, it will be done behind the scenes by the justice department. but these public investigation, committee after committee coming out with things, notably jerry nadler's committee, do you think investigation fatigue is worrying some people at the top of the democrat party? >> well it should. if they want to keep their majority longer than two years they need to tread lightly here. i heard adam schiff talked about what president trump did was worse than nixon. nixon fired the special prosecutor. nixon authorized hush-money. nixon destroyed evidence. bill clinton lied unoath at a deposition at a grand jury and got monica lewinsky to lie on an
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affidavit under oath. how is something here worse what happened there. if democrats keep telling tellit bad tale for. -- david: what about the investigations? >> inspector general is looking into the fisa application on carter page, we see carter page wasn't implicated in this report. i do think it is important to look at the origination of investigation. we heard different stories about when it became an investigation. was it in july of 2016, was it earlier? you have confidential informants talking to trump campaign members. probably before the investigation formally started. there is a lot here. obviously the dossier that we need to look at. because we need to make sure this does not happen again. maybe there is no illegalities there. maybe regulations being violated but we need to look at it. david: people want to focus on the issues, issues that concern them specifically. ian, thank you very much. good to see you. i appreciate it. >> thanks for having me. david: democrats we say are
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focused on probes but are voters? latest fox news poll show immigration and economy remain top two priorities. we have the josh and founder for american greatness founder nick adams joins us. good to see you. josh, we talked about education fatigue. that is current. immigration and economy leading issues that americans really care about, do you think democrats should maybe stand down from a lot of these investigations? >> no. i think democrats can do both. that is what voters warrant them to do. david: but they haven't been doing both. >> absolutely have. david: what legislation than you point to. >> three weeks ago, democrats introduced new health care legislation. thief been trying to work with trump on immigration for years he rejects compromise deals. every day democratic candidates
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are talking about policies. they have constitutional duty to oversight of executive branch. so they absolutely should be doing both. in my organization's battleground polling health care, wages at top but corruption in government is actually significantly higher than immigration according. david: nick, respond. >> david i'm not in habit of dispensing advice to democratic candidates or democrats in general but if there was one piece of advice would i if i have them, stay away from impeachment. leave the investigations alone. focus on policy platforms. speak about issues that people actually care about, resonating out there in the american heartland. i think one. reasons why we're seeing that the democrats have got next to no chance in 2020 is because they keep focusing on things that nobody's interested in. nobody is interested in president trump's tax returns. nobody is interested in pursuing impeachment other than the democrats because that is the
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only way they will ever get to beat president trump and it will not happen anyway. david: josh, what about the distinction between nancy pelosi and a lot of the pro-impeachment democrats? there are democrats that are really going out on the line suggesting that impeachment needs to be pursued whereas nancy pelosi seems to be pulling back? who wins in that tug-of-war? >> sounds like there will be a caucus meeting later today for them to discuss it but the important thing i don't think nancy pelosi disagrees they do need to continue to investigate the president and that mueller left a bunch of unopened questions because he could not under guidelines could not indict the president. he write it in a way congress can take that, carry it forward if they decide to do so. they can do both. david: nancy pelosi doesn't want to do that. >> nancy pelosi wanted to talk about investigating. david: not impeachment. not impeachment. nick let's talk about what americans care about. immigration is number one now.
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democrats were slow to admit there was crisis on border couple weeks ago, beto o'rourke was saying there was no problem at the border. do you think that will be an election campaign issue or do you think maybe now that they're willing to say there is a crisis there there will be some effort to build some kind of legislation to change the asylum laws or whatever's needed to stop the flow? >> david i think without a doubt that illegal immigration will be the major issue of the 2020 campaign. so it should be. we have a perilous situation right now on our southern border. the democrats have been late to the party. i still don't think they're fully inside the home of the party. i think they are kind of lingering on the doorstep. they're only there because the president forced them to be there. they have a kind of issues that this election is going to be fought about. do we want to make america a safer place? do we want it to be a wealthier place? do we want it to be a place where you feel comfortable being
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an american? are we going back to the obama years of self-loathing and weak economy, people just pouring in over the border? david: i suspect josh has different views about all of those issues but we run out of time. thank you very much. josh, nick, thank you very much i appreciate it. >> thank you, david. david: protesters in france enraged by efforts rebuild notre dame, if you can believe that why they say the money could be better spent. openturning 50 opens theuard. door to a lot of new things... like now your doctor may be talking to you about screening for colon cancer. luckily there's me, cologuard. the noninvasive test you use at home. it all starts when your doctor orders me.
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there's never been a better time to become part of the mercedes-benz family. visit the mercedes-benz spring event before april 30th for exceptional lease and financing offers on the 2019 c 300. david: a quick look what is moving the markets. in this case to the downside but look at zoom, not down at all. zoom video communication shares surging today following last week's ipo. it is up 7% right now. very good for them. outrage over donations made to notre dame. yellow vest protesters in paris say they are enraged that the government could raise more than a billion dollars, it was mostly in private help, to help restore
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the cathedral but they can't find money to help struggling citizens. forbes publisher, late bloomers author, rich karlgaard says they are ridiculous. congratulations on this new book. absolutely show it. there it is. congratulations. tell me about, how did these protesters which originally i remember a few months ago were based on this crazy gas tax that the president had initiated, that is what the original protests were about, how did it morph into this anti-notre dame protest? >> that protest is one of the worst pr moves i ever seen, protest a beloved building during easter weekend. they really made an error doing it the way they did it. i think what happens, david, that you become so enraged at your political opposition, the yellow investors don't like macron's policies, they're knots all wrong on that but they let
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that hatred of macron boil over into pulling off one of the stupidest stunts i have ever seen. david: in the middle of one of most magnificent fund-raising efforts i have ever seen, we're talking private money. this is not government money directed from the poor people to the notre dame cathedral. this is private money people suggested their own interest, billionaires from france, put up i guess well over a billion dollars now, right? >> and it is only started. i bet when it is all said and done they could raise 10 billion from private sources if they need to. this is really stupid of the yellow vesters. it takes away their credibility. they had some basis of credibility. you know the gas taxes would be disproportionally harmful towards the working class, people who live outside of the fancy parts of paris. david: exactly. let's move on to what's happening here in the united states because social security programs costs are expected to
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exceed its income in 2020, first time that happened since 1982. any idea what a solution is here? >> well, first of all you know we need to educate people who don't already know that there is no social security fund. it is a year by year transfer payment. that said, you know, if you take social security, it is 25% of the federal budget. it is growing faster than the gdp. you add in medicare and medicaid, and now you're up to 55%, 55% of the entire federal budget. well on social security we have to figure out a way to privatize it. i think we have to have a discussion about raising the age of taking benefits by two or three years. maybe you could carve out exemption for people in hard physical labor. that might be fair. when it comes to medicare and medicaid, we simply have to accelerate our efforts to privatize health care. so that we get competition,
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driving down costs, rather than raising costs. david: by the way you put your finger on it at the beginning this, is one of the biggest frauds since bernie madoff. it makes bernie madoff a piker, so-called lockboxes all your social security taxes and medicare taxes it is safe, it is in a lockbox. i even think joe biden used that phrase once. there was no lockbox. it is wide open box politicians are dipping into and now it is empty, right? >> now, if you want something that is safe, move the money, steve forbes does a really good job of this. you can't break promises of people already depending on social security but at some point we have to move it to a private system. i realize that people are picking stocks on their own, people will pick unwisely, there are really good funds out there by vanguards and others, that are balanced funds. david: right. >> that would be the place to do
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it. and people can't touch it. david: ironically little country in south america, chile, showed the way, decades ago and their system is working fine. rich karlgaard, great to see you. again the book is -- hold it up. >> quote late bloomers," the david: thank you, rich. new details on the cost of the crisis. wait until you hear this, that is coming up. ♪ 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
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david: crossing at the border is rising fast as number of immigrants flooding the border continues to rise. fox's william la jeunesse is covering the crisis in depth and has more details. these numbers are getting out of control. reporter: well they are, david. looking about a million this year. because these migrants were illegally, their net cost or benefit is difficult to calculate. so some studies put direct taxpayer cost at $100 billion, but that number doesn't calculate their productivity or benefit to the economy as a whole. we do know that 75 do work. a census shows more than half
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use welfare to get by. [shouting] latest central american caravan numbers more than 6,000. most arrive without a penny in their pocket. so how do they get by? asylum-seekers qualify for work permits. others work under the table. but a majority also receive taxpayer subsidized benefits. >> when people claim asylum, get work documents, court date years later. eligible for a full panoply of benefits, state and federal. reporter: many federal benefits are supposed to be off limits in practice many are not. 25,000 according to hud, received subsidized housing. 26 states offer state funded benefits like cash assistance. 11 offer medical care. california offers food stamps and disability. >> if those states don't have growing economy or jobs open, immigrants, much less anybody else they will not see those states as biggest draws if you
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will. reporter: because of their lower income, adults and children are entitled to host of programs. some qualify legally as asylum-seekers. others by using stolen identities. >> there is a cost to communities for sure. whether uncompensated care at hospitals or in the education system and other ways t has never been measured but it is very real. reporter: they are apprehending 4,000 people a day. many others do not get caught. despite the safety net programs, more than half of central americans living here now, david, live in poverty. back to you. david: thank you very much. former dhs strategic communications deputy assistant secretary, lauren coffey. she says the crisis needs to be addressed by congress. it is clearly not, lauren, being addressed by congress. let's talk about the costs, quadrupling of costs everything from health care to diapers to food, you name it, quadrupling, these sources, these centers
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down on the border are just throwing up their hands saying we can't handle it anymore. >> absolutely. they have not been fund appropriately to handle influx of migrants from central america. we see that not only in the cost of medical care or some of these things you mentioned, in regards to the government having to take care of children now, cpb is not equipped to do that, right? there needs to be initial medical screening, diapers, babely formula, for people that come into our government's care and it is not a system that cpb is equipped to deal with. they are not, they don't have enough money, not only to detain people but keep them in the beds, and process them appropriately, they're releasing them into the streets anyway, because they're overflowing. david: unbelievable. >> they're setting up tent cities. they are billing two tent
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cities, cost $700 a night for individual to stay there. david: hold on a second? $700 a night? that is like, that must be 10 times the cost of a cheap hotel there? >> yeah. exactly. i mean hugely expensive. and it is something that because we haven't seen these numbers before, something that congress really has to step in, deal with this immigration crisis, not something that is sustainable over the long term. these are patchwork solutions. david: we're running out of time. it draws away from facilities available to u.s. citizens in places like yuma. yuma has one hospital. a lot of attention is focused on the immigrants. that takes away ability to care for citizens. >> absolutely. it is not sustainable for border towns. some are better equipped than others. yuma has declared a state of emergency to ask for additional resources because they can't handle it.
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david: we have to go, but asylum laws, as we heard from william to give them access to work permits and food stamps. that has to change. will it? >> we want people coming to the united states to legally have work permits. it is great they want to work. we have to address that the system is being abused and a little overrun, congress has to step in. david: lauren, thank you. great to see you. appreciate you coming in. the u.s. putting an end to exemptions to countries that buy iranian oil but will there be a backlash fence the u.s. for this? that's coming up.
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david: welcome back to another busy hour. i'm david asman in for neil today. today's big story is the u.s. announcing an end to waivers for countries importing iranian oil, causing oil to jump to a five-month high. it's all an effort to pressure iran economically while protecting american security. to former national security adviser to vice president dick cheney, john hannah. great to see you. besides oil spiking today about 3%, what are some of the other economic risks here? >> well, listen, i think the big risk for the united states is that the iranians give up their policy of patience in the face of the united states decision to get out of the nuclear deal. we are squeezing and squeezing the iranians.
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they are in real economic crisis and the question is are they just going to continue to try and wait out the trump administration or could we see them to begin to really try and fight back under the table in ways that give them plausible deniabilit deniability. david: let me just be clear. are you talking about terrorism enacted by -- >> for sure. there are things they can do in saudi arabia against oil infrastructure there using disaffected shiite populations. we know from the iraq war, the way they use shiite proxies in iraq or in syria now to go after our 5,000 to 7,000 troops we've still got in theater. there are things they could clearly do via terrorism. david: you haven't mentioned hezbollah which essentially controls lebanon. they can do, they have done things overseas. they had a terrible bombing in argentina years ago which killed dozens of people. there are a lot of tools they
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could use. let me think to the positive for a second. there is a positive element here as well which is that maybe there will be a protest movement, similar to the one we saw at the beginning of the obama administration. of course, obama didn't support that movement. we clearly would. is that a possibility? >> yes, i think that's certainly a possibility, david. any of these downside possibilities, i just think the administration needs to be aware of them and have planned for them accordingly but yes, this is a fundamental choice that the administration is putting to the iranians. either we will cripple your economy or you can come back to the negotiating table and start to negotiate a better deal with the united states that addresses all of iran's horrible malign activities that they are causing. david: what do you think is more likely to happen? >> i think there's a good chance that the iranians only, you know, what is it, 18 months away from a presidential election, they still may decide to sit
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tight and try and wait out donald trump and hope that they get a new democratic president come 2020. david: interesting. interesting. we haven't talked about the pressure on those people like china, for example, or iran, those countries, i think there are five or six countries that are having their waiver taken away, south korea, japan, turkey are included. if they continue to try to get oil from the iranians, there's a whole history of oil embargoes, trying to be evaded sometimes successfully, if they do that, we catch them, what do we do to them? >> i think clearly the damocles sword of the threat of economic sanctions and being cut off from the american financial system and use of the dollar is going to be a powerful deterrent for a large group of companies, particularly in our allies, japan and south korea. even in the chinas and indias and turkeys, if they have companies that are continuing to get oil from iran, this puts
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them in a position to say hey, the risks have gone up dramatically, we need to negotiate some serious discounts with you if we are going to continue to to aake any of thei oil. either way, the iranian economy is going to be battered. the question is how long can the iranian people sit there and take this before turning on that regime and seeing real fractures and instability inside of iran domestically. david: final question. oil embargoes don't always work too well. we saw that happen with iraq when saddam hussein was in power. the u.n. thing morphed into oil for food which was a real debacle, a terrible situation. there will be leaks in this embargo, right? >> yes. no question there will be leaks. but nobody is going to take market price to take the risk of going up against u.s. sanctions to take iranian oil, so the iranians will lose. the humanitarian situation in iran is something we do need to
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seriously consider because people are hurting very bad and we've just got to make sure that humanitarian channel that we have that allows iran to get some access to goods for its people to relieve them of the suffering that they're facing, that that continues so iran can't play on the mercy of the international community and the good will of americans. david: i agree with you but then again, we have the example of oil for food which was that program that -- it was a disaster. lord knows what's going to happen. good to see you. thank you for being here. i appreciate it. secretary of state mike pompeo addressing concerns over market stability and oil supply. take a listen. >> i want to emphasize that we have used the highest possible [ inaudible ] to ensure market stability. the united states has been in constant discussion with allies and partners to help them transition away from iranian crude to other alternatives. david: so andy, where do oil
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prices go from here? >> i think oil prices will continue to move on up. i think the saudis and arab emirates are able to increase their production to offset any loss in iranian supply but they will take a wait and see attitude to make sure the supplies really are as tight as the world thinks. david: in this case, the saudi interests and our interests are not always aligned when it comes to mideast policies, certainly not when it comes to the price of oil but when it comes to mideast policy. in this case, nobody hates the iranians more than the saudis do or the united arab emirates. might they be encouraged by the ultimate cause which is a change of regimes in iran? >> well, i think they will be encouraged by that, but at the heart of the problem is we have a sunni versus shiite religious issue going on between iran, saudi arabia, the emirates and kuwait. the problem is the oil market is worried about the reaction of
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iran and how it's going to respond if they can't sell any of their oil. david: let's bring it back home for a second. we know that oil got so cheap in december, down around $45, even cheaper, $43 a barrel. a lot of u.s. producers were kind of finding themselves priced out of the market. they had to close some wells. are those wells now reopening and can u.s. suppliers fill the gap of iran? >> well, i don't think we can completely fill the gap from iran in the next few months but perhaps over a year, we will be able to. one of the biggest issues facing the producers is a lack of pipeline takeaway capacity. but that is being resolved as we go through 2019 and they will be able to open up the taps, finish off those drilled but uncompleted wells, and get more oil production to market. david: that's a great point. the president just signed very recently measures that will increase the flow through pipelines. that's going to make a
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significant difference. >> well, it certainly is, and if you look at the eia forecast for oil production, you see that it's expected to rise to over 13 million barrels a day by 2020. that is a significant increase compared to the 12.2 million barrels a day we are doing today. david: finally, we just had the gas numbers up, you can put them back up again, gasoline prices back up. we are getting close to about $3 a gallon now. it's over $4 a gallon in california. of course, lot of that has to do with their state regulations. but how much higher is that price going to go? >> well, right now i think the national average is around $2.84. david: correct. >> i'm expecting today it will hit $2.95. if we have another supply disruption, even though we talk about iran but we've got supply disruptions from venezuelan sanctions as well as nigeria, we could easily see $3 a gallon over the next month. david: that's not good news. andy, good to see you. thank you very much for being here.
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always seems to happen right around the time for spring vacations and all kinds of things happening in the summertime. be that as it may. thank you, andy. >> thanks for having me, david. david: absolutely. sri lanka's government blaming the bombings on a little-known islamist organization. rebecca heinrich says this is one of the largest coordinated attacks since 9/11. rebecca, coordinated in what fashion? do you think there are international terrorist organizations like al qaeda and isis that helped with this? >> to my knowledge, none of those groups have yet to take credit for this particular attack but there was foreign intelligence that knew, that had information ten days before this attack on christians worshipping in churches, they had information that there was an islamist militant group that was going to carry out attacks against churches in sri lanka. that information was passed on
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to the sri lankan government and the sri lankan government failed their people, failed to act on this intelligence. the good news is that there is information sharing happening and this is intelligence being picked up on but the bad news is because of this government failure we have so many horrible deaths of christians in this country. david: i just don't understand how they could sit on this information for two weeks without doing anything to beef up security at these churches. >> well, part of the, from what i'm gathering, part of the fear here is that they don't want to create greater sectarian animosity between groups, they don't want this to become religious groups pitted against religious groups but you have to call a spade a spade. christians have been targeted, we saw that christians were targeted in pakistan a couple of years ago on easter. we saw that christians had been targeted in the philippines, in indonesia, by islamist militant groups. so you have to call a spade a spade, in order to actually have greater preparedness on the part of the governments of these christians going to church, so
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they can understand the threat they're under and this all has to be part of a coordinated effort to protect these people worshippers. david: are u.s. security forces now involved because of the fact some people do suspect there were international groups helping out this local group, are u.s. security agents now on the ground in sri lanka helping? >> my understanding is the trump administration has told the sri lanka government they are here to help, they do want to provide aid, and i'm unsure of the extent of that, what that looks like in greater specificity other than the fact president trump has said we're with you, that an attack against christians in this church is an attack against all christians everywhere and the freedom to worship. sri lanka has had relative peace so this is unusual for their government right now and for their people. so you know, again, the united states government wants to participate in that so that we can glean this information intelligence and better apply it so that americans can be safer as well. david: now, there is a little bit of good news which is that
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24 people have been arrested, they are now being interrogated by sri lankan officials. i'm hoping that somebody from the u.s. security forces is in there dealing with the investigations as well. will we come to find out whether there was a network involved in these terrorist events? >> that is the hope and normally, groups like isis or other islamist groups do take credit when the attacks are successful because they use it to recruit, they say look, we were able to carry this sophisticated operation out and so they try to use that as a recruiting tool. so we will probably hear a group take the credit for that. but of course, that's also what we hope to glean more information but again, we knew a lot of information from foreign intel, we don't know the country, but from foreign intelligence that understood this attack was likely to take place on easter. david: extraordinary that they did so little. good to see you. thank you very much. appreciate it. coming next, new details on the battle for trump's finances is now heading to court. don't forget to watch "bulls &
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bears" at 5:00 p.m. eastern time right here on this channel for an analysis and debate over all of the headlines of the day. that's at 5:00 p.m. eastern time. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done.
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galaxy foldable $2,000 fold that the company says it is going to evaluate feedback, run further internal tests and delay release of the galaxy fold. the plan to announce the release date in coming weeks. we will see what happens there. what a mess. meanwhile, the trump organization is now suing to block a subpoena issued by house democrats for his financial information. real clear politics associate editor a.b. stoddard says the president will do whatever it takes to fight back but the democrats will do whatever it takes to get their -- it seems like both sides are overplaying their hand on this. am i wrong? >> that's right. i think that the democrats, because they don't intend to pursue impeachment until and unless that changes officially, will just go on that premise, intend to exercise their oversight responsibility, as broadly as possible. they will be looking into so many different things, so many different people, and they are intent on getting his financial records because they believe
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that he is potentially compromised by the russians and that he might have committed financial crimes. so he knows that he likely doesn't have standing in this suit, but he's going to do it anyway. the white house is going to block at every turn hoping to run out the clock as the democrats perhaps subpoena too much. david: don't the democrats believe that mr. mueller did all he could to find out whether the president was compromised by the russians? >> no. they believe that there are investigations under way by the southern district of new york into the trump businesses and that that potentially could, you know, he could end up with terrible legal exposure. he already is an unindicted coconspirator in felonies michael cohen told prosecutors he was directed by trump to commit. he believes that mueller's mission, they believe that mueller's mission was to do two things. find out what the russians did, find out if there was a
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threshold of evidence, that the evidence met the threshold for conspiracy in the legal sense, and it was not a conspiracy and coordination in the legal sense between members of the trump campaign who had many russian contacts, and russians who were trying to affect the election. but no, they do not believe mueller actually probed potential money laundering or other -- david: what more could democrats do? i mean, you think of the number of fbi, i think there were 40 fbi agents mr. mueller used, hundreds of subpoenas, et cetera. what could they possibly do that mueller couldn't do to find out whether there was any compromise of the president or his team by the russians? >> like i said, they believe that mueller went at the finding of conspiracy and found, according to "the washington post" that ran a lengthy piece last night, they were looking conspiracy ties to the bitter end of this long investigation with people running them down rabbit holes like jerome corsi making no sense and they are really obviously running a
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fact-based investigation, they weren't going to take the word of an eccentric old man. if you look at it that way, they look at his mandate as very, very narrow and robert mueller as someone, as a prosecutor who takes their own mandate very seriously and though he was allowed to pursue things, he came across along the way, if he did, he sent them to the southern district. david: they are giving me a wrap but i have to ask, are democrats at all concerned they may be overplaying their hand, that americans as we found out with the fox poll are far more interested in immigration and the economy than they are in any of this investigation stuff? >> they are absolutely concerned with the potential for a backlash and this is why you see them in a big sort of tense standoff with each other between sections of the party over whether or not to impeach, so it's a very tough corner they find themselves in because there are those in the party who say we should be willing to lose an election to do what congress is supposed to do to hold the executive branch to account.
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david: never heard of a politician expecting to lose an election. a.b., great to see you. thank you very much. exciting time to be a reporter inside the beltway. president trump pushing back on impeachment talks, saying it was the democrats who committed crimes. former georgia republican congressman bob barr says democrats will try and follow the clinton impeachment route. congressman, i will ask what i just asked a.b. don't you think that democrats are at all concerned with the fact that there may be investigation exhaustion out there and there may be a rebellion by voters come 2020? >> they certainly ought to be concerned about that, but what they have done, that is the democratic leadership in the house in particular, they boxed themselves into a corner. they are scared to death of the ocasio-cortez element or faction of the democratic party and the only thing that they can all seem to agree on, because there's no substantive issues they can agree on with these far
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left elements, is to go after trump. so that's one thing that they seem agreed on that they will do. i think it's going to backlash very, very seriously against them if they continue this, which they probably will. david: we're not just talking the presidential election, where it may -- there may be backlash. there are a lot of congressmen, democrat congressmen, who come from districts who voted for trump. if anybody is fed up with this investigation, it's a district that voted for trump. these people, i'm sure, are giving pushback to the leaders of the democratic party saying get off of this investigation stuff. >> they are getting that pushback. i just had a meeting this morning with somebody in one of our districts here in georgia. they are hearing that. but the problem is, and this is a problem of long standing for both political parties in washington, there really is no effective leadership.
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you ought to have leadership in the democratic party that says to these far left fringe elements, stop this, you're hurting us, the american people want some substance done here. we have the power to at least do some of that with control of the house, but there's no leadership so jerry nadler just goes off on this wild goose chase saying since clinton was impeached on obstruction, therefore this translates 100% into impeaching trump for the same thing even though the cases are completely different. then you have elijah cummings going off as chairman of the reform oversight and reform committee on a mission for which they don't have jurisdiction and that is trump's personal taxes. david: congressman, anything in the mueller report that you've seen, that's elijah cummings, of course, who is continuing his investigations, anything in the mueller report that you think could hurt the trump administration going into 2020, or is it a wholesale victory? can he wave that report and say
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i have been exonerated, there's nothing in here that convicts me or comes close to it so therefore, you should vote for me because of the mueller report, but could there be backlash from it, for example, the obstruction concerns? >> i think that the trump administration would be wise if they did not wave the mueller report around as the reason to be re-elected. the reason i think that makes a lot of sense for trump to argue he should be re-elected has to do with those things that he's done substantively for the country for which the democrats have no response and that is the economy is doing very well, taxes have been cut and the regulatory burdens on the american businesses have been cut dramatically, and also, he's exerting or displaying leadership where the democrats are not on immigration. those are the things that are important to the american people. and if they simply use the mueller report as the platform, then they run the risk of a lot
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of the very unsavory stuff in the report that would be kept on the front page rather than move off the table entirely. david: when you have a good record, focus on the good record. it seems like politics 101. congressman, have to leave it there. wonderful to see you again. thank you for coming in. appreciate it. >> my pleasure. david: coming up, new details on the tesla model s that caught fire in shanghai. wow. more on that to come. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase relieves your worst symptoms including nasal congestion, which most pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. flonase.
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david: entitlement reform, a new report saying we are just years away from running out of social security funding. edward lawrence is at the white house, where the administration is saying things could be worse. reporter: yeah. you know, david, bad news in this report here from the trustees talking about social security and medicare, by the time we're ready to retire in 2035, the fund, social security fund will be out of money. under social security there are actually two trust funds. one of them, some good news, the
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disability trust fund is actually going to be out of money in 2025, that's 2052, that's 20 years after the last year's projections and that's mainly because the number of people applying for disability is down. the number of disabled workers is also down. now, the old age and survivors insurance fund runs out of money in 2034. the projected cost of that fund is going to exceed incomes coming into that fund starting next year and then going for the foreseeable future. looking at medicare, the hospital trust fund underneath medicare runs out of money in 2026. now, this is the fund that pays hospital bills for those 65 and older who have paid into the medicare system. now, expenditures exceeded incomes by $1.6 billion starting in 2018 and that's going to continue unless something dramatic changes. the supplemental medical insurance trust fund, the other one under medicare, will not run out of money because of a law that says that the general fund can be used to stop those gaps, to pay for those gaps in
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shortfalls. it will become an ever-growing cost. part b in that fund is growing, the expenditures is growing at 6.6%. part d in that, the expenditures are growing by 6.3%. while gdp over the past five years is just growing 4.1%. there is going to be a problem there. treasury secretary steven mnuchin releasing a statement about this, saying quote, we remain committed to further bolstering the program's finances which will benefit from long-term growth we will see as a result of the administration's economic policies. the report does say that the trustees are urging lawmakers in this report, urging lawmakers to take action now while there are still options on the table to try and fix this financial situation before it becomes an emergency. david? david: edward, thank you very much. how is the report shaping spending debate amid record deficits and debt? to small business and entrepreneurship council president and ceo. karen, i just think if you are pouring money down a hole in which it's getting lost, you
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don't just keep pouring more money down that hole. you have to fix the hole. you have to shore up, pour some cement down there to stop it from leaking first, right? >> absolutely. you know, this is the same result, report we get every year. the system is broken and fundamentally, it needs to change. you know, it's an outdated model in terms of how the program is funded, particularly social security. it was done at a time when there were shorter life spans, people had one job all the time so there needs to be fundamental reform. certainly, we can't get out of this by taxing the business community, taxing small businesses more, taxing workers more. particularly now, when the competitive economy, in a globally competitive economy, and where payroll taxes really are the biggest burden, the most onerous burden for small businesses. we want more entrepreneurship. both the payroll tax in total is
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15.3% of their income so you can't grow -- we need to be doing something more in terms of reform. david: there are a couple simple things from my perspective. one simple thing is i should be getting more in return for my investment than i'm getting. i don't want the government to invest my money. i want to invest it myself because i know even if i take out a t-bill, i'm getting better returns. the safest bet possible gives you better returns than you get from social security. the other lie is that there's a lockbox into which our money is going and it's safe. it's not a locked box. it's an open box and politicians have been stealing from it for years. i've just got to move on to breaking news, if you don't mind. the president tweeting out that herman cain has withdrawn his name for nomination to the federal reserve board. what do you think of that decision, karen? >> i think it was expected, given the fact that there wasn't enough republican support up on the hill. but i do hope the president does continue to be bold in his thinking and looking at people
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sort of outside of the box that can bring in some innovative thinking, some business thinking, you know, some different thinking to the fed. you know, it was expected but i do hope that, you know, he does think along the herman cain lines because i do think we need that type of thinking on the fed. david: it would be great to have somebody outside of the box, a non-economist to be in the fed for a change. we should mention mr. powell is not officially an economist either. karen, thank you very much for being here. appreciate it. meanwhile, uber and lyft under new pressure to turn a profit. why my next guest says this could lead to much higher fares for customers. the party's over, gang. i'm working to keep the fire going
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narrative once again. ceo elon musk expected to take the stage for tesla autonomy day at the company's headquarters in just a few minutes' time. he's expected to update the company's road to fully self-driving cars in efforts to create a fully autonomous fleet of taxi cabs. tesla expected to reveal more details about their full self-driving on-board computer system and the so-called tesla network being described as an autonomous ride hailing network. musk trying to get investors, short sellers and skeptics to look further down the highway and value the company for its well-received technology and not to focus on the company's challenges. among those, the video from china showing the model s apparently exploding in a parking garage. a time stamp indicating it happened sunday in shanghai. this as tesla is trying to get traction in china, building a plant there to build cars and ease tariff effects of the current trade war. plus there's an analyst downgrade today over concerns about slowing sales. tesla shares under pressure from that downgrade to a sell rating
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by isi evercorps on that weak demand concern and liquidity concerns. wed bush securities predicting today a train wreck quarter when tesla reports first quarter results wednesday after the closing bell. the firm seeing increased odds that tesla will need to raise $3 billion in the near future. tesla has $1.5 billion debt due this year, more than $5.5 billion over the next three years. back to you. david: robert, thank you very much. meanwhile, uber and lyft ipos facing new pressure to generate profits. deke digital chairman dave mainy says this could lead to higher fares for customers. you mean the party's over? we have been having a good time for a couple years but it's over? >> yeah, it is interesting, david. you know, the new companies, lyft and uber, have raised about $20 billion in venture capital, and that $20 billion one way to think of what's been happening, it's been subsidizing the cost of this, you know, experiment
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and in my opinion, it's quite possible that it's given us kind of a false read on demand. this is happening over and over in the internet world, of course, as venture capital goes and makes something cheaper to try to hasten the demand curve, but when the money runs out, and going public is a good way to kind of, obviously they can access capital but now they've got to report and they've got to be responsible and you know, lots of people are looking at this and saying yeah, the party could in fact be over. david: how much will prices have to increase to at least get them to break even level? >> well, you know, it's like a lot of things. it's like looking at what would a cable channel have to pay when unbundling it. a lot of things depend on a lot of things. so if you imagine that pricing rushes in and let's just say, you know, an analyst said in the "wall street journal" this morning that they thought these companies had more pricing power than people think. i'm not so sure.
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when you have taken it in as a lifestyle thing, when the younger generation says i'm not going to get my driver's license as i'm sure you have seen is happening, less and less kids are getting their license because hey, i can easily and cheaply catch an uber here, what happens when that stops happening and how much does it affect the demand side? so you know, obviously all economics are supply and demand at some level. nobody knows what the answer to the question is. david: i don't want to hit you sideways with this. we hadn't expected to talk about this, but we just saw the model s tesla blowing up in shanghai. that's obviously got to be a pushback to their expansion plans. nevertheless, elon musk, always thinking ahead, here's the shot of this extraordinary explosion in china, but tesla wants to now go into the self-driving business itself, and with all those problems you just mentioned for lyft and uber, the timing doesn't seem right for that, does it? >> you know, this is a
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phenomenon, the self-driving phenomenon, autonomous phenomenon, is coming. the question is, you know, at what pace and how does this artificial world of venture capital change it? i'm sure that if we were -- if you and i were sitting on set in 1912 and reporting on the first horrific car accident, we would say you know, this iron horse thing isn't going to be as big as we thought. david: i wasn't around to report on that. go ahead. >> i think i was. but the phenomenon or the question is back then, they did not have the giant bank of hungry venture capital trying to find returns. david: yeah. >> so they had to be much more based in reality and much more, you know, traction and much more real in their business desires. so the question is not is this technology important. is it likely to come, yes. the question is, when. because as you know, david, being really early as an investor or entrepreneur is just
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as bad as being really late. david: that's right. timing has to be right. timing is everything. dave, great to see you. thank you very much. oil is jumping almost 3% today, as u.s. says the waivers on iran oil imports are set to end. how that might affect the whole economy when we come back. there's a lot to love about medicare.
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david: sri lanka's president just declared april 23rd a national day of mourning in the wake of the attack that killed 290 people. father chris devron says this is evil against peaceful and innocent people. hard to see it any other way. you look at the numbers of christians who have been killed over the past couple of years, far greater number than i had thought. tens of thousands of christians have been killed. we hear a lot about islamophobia and there's nothing to defend islamophobia but isn't christian hatred and the murder of peaceful christians a more important problem? >> our heart breaks. this is what a terrible thing. i was in mass yesterday and the thought that there would be somebody with a suicide vest ready to kill, and i'm sure many of your viewers were at sunday mass as well and it's beyond
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comprehension. since 2012 by my count there has been another 300 who have been killed just during easter season. that doesn't include outside of the easter season, you think of the philippines, the cathedral there, and indonesia. so this is becoming sadly, easter is becoming synonymous with violence. david: again, 7,000 christians killed in 2015. 2016, blessedly, they came down to 1,000 but then up again to 3,000 in 2017, 4,000 in 2018. it looks like 2019 is going to be another record. has the church itself done enough to talk about this, the murder of innocent christians? >> well, the church, when we think about the church's response to this, there are two responses that christians have to this. it really goes back to the fifth century and st. augustin, how do christians, how do we live in the earthly city while aspiring
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to the city of god. so -- david: very simply, how do you defend yourselves from people who want to kill you? >> well, christians have, christians must and we are taught that we must certainly speak out and demand that governments protect our right to worship in peace without fear, and that we should speak out and demand that people who are responsible for these horrific crimes, that they be apprehended. david: it was one heck of a holy week. we started of course with that horrific fire, we ended with the murderous terrorist attacks in sri lanka, but in between, there was something very interesting that happened in france, which is a pretty secular country, in many ways. people know that it's catholic but at the same time it has a secular condition going back to the french revolution. immediately after the fire, which we thought was going to totally decimate the cathedral,
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there was first of all, the discovery of these wonderful miraculous things that remained in place like the cross, that wonderful photograph of the lit cross and of course, all of the relics that did not perish in the fire. but then came this billion dollars in private funding for the reconstruction and the rehabilitation of what was lost in the fire. there's something miraculous to that, is there not? >> there is. i think we set up a false dichotomy when we have people say that money should go to the poor and to feed the hungry. no organization in the history of the world has been as generous and as caring for the poor as the catholic church. at the same time, we draw our strength in order to feed the hungry and to fight poverty and to do all those things through our contemplation and through the beauty that we see at a
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place like notre dame. so it's not an either/or when we are thinking about the importance of rebuilding this beautiful sacred space that has such a history and certainly for the church in paris. and another sign of good news, my contacts in paris tell me that the masses and the services on good friday and yesterday were as crowded as they have ever been, with young people, too. people in their 20s and 30s. france has not and certainly paris has not seen that kind of devotion in decades. david: coming out of a disaster, i mean, that is the holy week message, out of death comes life. perhaps it's going to happen with the church itself in france. >> that's right. hopefully the same will happen in sri lanka. david: great to see you. we very much appreciate it. coming up next, new signs of division within the democrat party over what to do following the mueller report. that's next.
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david: a split in the democrat party how to proceed after the mueller report. house speaker nancy pelosi just releasing a pretty long statement saying house democrats have differing views. that is about the crux of it. to republican city council minority whip, joe borelli, former obama regional director, robin bureau, who i have been suggesting should be head of dnc for a long time. robin, forgive me. this pelosi letter, actually
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very long. it doesn't get to the there there, as far as i can read it. don't you need a leader a democrat leader that will come out specifically say, guys, knock it off, americans have enough of this investigation, we need to get on to legislation? >> absolutely. she alluded to that maybe a week or so ago but this statement is, there is nothing there. there is really nothing for to us work with. it is her job to ral lit troops. so i don't understand what we're supposed to do with this statement. to me i take that as wanting her cake and eat it too, because, yes, our constituents want us to take a position on impeachment. so she is basically like i said wanting her cake and eating it too but we need direction from here and this needs to be clear, david. david: joe, meanwhile we have fox polls out, americans care first of all about immigration, second about the economy. we don't see in the top five or so any kind of concern about
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investigation. people want to deal with issues. they want legislation that will help them in their lives. they're not getting it. >> these are great things to be talking about if you're trying to win both the presidency and maintain the house majority. these are things voters care about. you should be out there to try to frame and alternative view of the country than president trump, a plan for the country under house majority. i will give nancy pelosi some credit. her statement is sort of prescient she see this is major problem. the majority of the districts that the democratic house has to keep are not districts like alexandria ocasio-cortez's. they are districts that in some cases may have voted for trump or have strong support for donald trump. they don't want to hear months and months of just investigations and investigations. now we're on trump's taxes of all things. david: robin, probably because of the investigation or at least in part of it democrats kind of got distracted from what
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americans care about, immigration is a example, for months and months democrats say it is no problem pate bait went to the border. says there was no problem. they're admitting there is a crisis, can't be ignored any longer. is it too late? >> very well could be, but not yet. there is what, 18 months before the primaries, so, hey, they have an opportunity here with a crowded field. i believe there are 16 candidates. somebody needs to come out with solid policy policy wonks like me pay attention to that americans deserve that. for all of hillary clinton's faults she at least gave us policy we could sink our teeth into. i'm not seeing that but anybody but elizabeth warren. she is not my favorite. david: joe, there is situation at the border is so dire, various facilities we have to take care of waiting for asylum or whatever, these people at the border are throwing up their hands, saying we can't deal with
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it. we'll have to let people go. is there anything the president can do by himself? he will not get much help from the democrats right now anyway? >> that is the crux of the problem, it took weeks and weeks and months for cory booker to be the first 2020 candidate there is crisis at the border. we're stuck in the movie "beetlejuice," where democrats are afraid to say there is crisis at border. the president is trying to move forward but we've seen not just under this administration, democrats have been obstructionist on any strong immigration policy the last four year. david: 15 seconds is all we have, robin, any chance at all there could be some movement maybe tweaking asylum laws or things like that, that could actually change things for the better at the border? >> yes. honestly i really do believe those are in the works. i'm hearing from people like dick durbin, majority whip in the senate. i'm hopeful.
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david: great to see you both. i will be back at 5:00 p.m. eastern with "bulls & bears." we hope you tune in for that debate. that will be great. here is charles payne, my buddy to take you through the next hour. hey, charles. charles: how are you doing, david? i'm charles payne. this is "making money." stocks looking a little lethargic after the long weekend. energy stocks jumping big time after the united states would allow waivers to expire for allied countries including china exempting them from sanctions if they continue to import oil from iran. we have much more coming up. also the fight between president trump and house democrats moving from capitol hill to the courthouse as strum and his organization sue the chairman of the house oversight committee to block subpoenas for his financial records. congressman sean duffy is here to weigh in on that. also unspeakable catastrophe in sri lanka as
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