elements. took out different things that already been agreed on in trade circles you can't do that. cone cone no retrading. melissa: no trading. connell: like double-dipping. david: u.s. trade talks with china set to begin at any moment. the delegation as you can see is just arriving. only seven short hours left until higher tariffs do kick in on $200 billion worth of chinese goods if a deal isn't reached by midnight tonight. we'll take you live to washington for the very latest. this is "bulls & bears." glad you could join us. i'm david asman, joining me on the panel, kristina partsinevelos, liz peek, jonathan hoenig and gary kaltbaum. china's vice premier arriving for the 11th round of trade talks. the president said a deal could be possible soon. listen.

we have the sound? there you go. >> reporter: possible to get a trade deal with the chinese this week? >> it is possible. they're all here. the vice premier one of the most respected men, one of the highest officials in china is coming. you heard he wasn't coming. he is coming. once the tariffs, they upped the meeting. we were getting close to a deal. they were starting to renegotiate the deal, we can't have that. we can't have that. david: let's go straight to edward lawrence, standing outside of the office of the u.s. trade rep. edward, we see them coming in. what is the latest? >> as you saw about 15 seconds ago the vice premier arrived here robert lighthizer, u.s. trade representative and treasury secretary steve mnuchin were here to greet them. that happened after the last two rounds. there were smiles on both sides. if you read body language. everything was cordial. a brief conversation before they went inside to start 11th round of talks. the president saying it is the

chinese actually who went back on this deal. listen. >> i did get last night a very beautiful letter from president xi, let's work together. let's see if we can get something done. but they renegotiated the deal. intellectual property theft, they took many, many parts of deal and renegotiated. you can't do that. reporter: president saying in no uncertain terms friday tariffs will go up barring a miracle. tariffs on $200 billion worth of chinese goods go from 10% to 25%. the president is also stating he is starting the paperwork to put everything else china imports on a 25% tariff. china has threatened countermeasures related to this. unclear what they could do. they have already tariffed about everything that the u.s. has imported into china, $110 billion worth of merchandise. there could be non-tariff barriers they add. we'll see what happens on friday

but senators from farm-producing states say this is something we need to do, stand up to the chinese but, the tariffs are really hurting them. >> what we're talking about, we have to help them stay in the game i just described. they are being targeted by the chinese. for our manufacturers, we need a product exclusion process. we need china to trade on fair basis, not steal our technology and take down some of these trade barriers. reporter: we'll see what happens today. the u.s. treasury secretary only way to remove tariffs to put back concessions they pulled back. barring a miracle, looks like on friday the tariffs will go up. back to you guys. david: i believe in miracles. they may happen. gordon chang, author of the coming collapse of china. what is likely, midnight deal or

higher tariffs? >> higher tariffs are much more likely. chinese vice premier, head of the trade delegation is not coming with his special envoy designation, special envoy on behalf of xi xinping. david: good point. >> that really means he doesn't have the authority. by the way, david, i don't know if there is anyone on the other side to talk to. remember xi xinping withdrew the commitments across the board because he didn't have enough power to exert his will against recalcitrant elements in the chinese political system. david: let me pick up on that. does this mean there is something going on in china, some political wrangling that we should no more about? >> i doesn't know but i think so. the reason we know that the chinese trade delegations have always been in close contact with xi xinping. that is the way these things worked. he must have signed off on these commitments a long time ago. friday we get back the agreement from them, there was a withdrawal of all promises they made. that made xi xinping probably looked around, and a lot of

people in the bureaucracy, state enterprise, said we'll not put up with this. xi xinping if he were a real strong man, i don't care i'm doing it. that is not what happened, david. that is a real sign of political disunity in the chinese capital. >> gordon, this is gary kaltbaum. let's say they have another 20 rounds of negotiations, six months from now, some deal is cut, do we really think china is ever going to honor a trade deal when in the past they never have? >> well, certainly not under the communist party, gary. the problem is xi xinping believes in a state-dominated economy. that's why we've seen over his tenure that china's trade behavior has deteriorated markedly. that means he believes in state enterprises. he doesn't believe in a place for foreign companies. there is all sorts of things have gone the wrong way. so it is very hard to believe that he can come up with a trade deal and then actually honor it. i just don't think so. >> gordon, it is liz peek. thank you for joining us.

i'm going to push back on that a little bit because it seems to me at the edges they have been making concessions about allowing different kinds of companies into china, about tempering the requirement of having a 50/50 local partner, et cetera. so i mean perhaps there won't be a revision of the state-owned enterprise issue. that seems like absolutely the most difficult thing to me but don't you think on the other issues there could be progress? >> well you know there could be progress but unfortunately as we saw on friday. when the trade agreement came back, draft 150 pages they retracted the commitment. that is an indication there is real problems in the chinese capital. anything is possible, liz. this is china. when we look what is likely, it is not likely. >> gordon to that point, just one second, gordon, kristina partsinevelos here. you have the china economy slowing so they may retaliate. we're talking about what the united states is doing but i'm

concerned about the retaliation tariffs they will impose. cars could go up $2700. lng financing deals could be hurt. what does this mean for american businesses potentially in the short term future when they talk about investing in supply chains? >> i think that american businesses are going to be hurt. i think they will see that the best thing to do is to get parts of their supply chain out of china to minimize their geopolitical risk. you can run decades of really bad trade policy expect we can get out of this without any cost whatsoever and this is what is happening but with the chinese stealing 3, $400 billion worth of u.s. intellectual property each year, it is going to hurt to try to get them to stop doing this. this is going to get ugly. >> gordon, what else is hurting the tariffs, right? the president still seems to perpetuate this notion china pays these tariffs. tariffs are taxes on americans. it's a billion 1/2 dollars a month already. now obviously the president seems dead set increasing that

once again. is there any awareness of really the long term effects of tariffs? economics you know, it's a game of secondary and third level effects does tariff man understand what long-lasting damage he is having to the u.s. economy by playing this dangerous game? >> i don't know what the alternative is, jonathan but yeah, there is going to be damage to the u.s. we're in a position to sustain it. we had 3.2% growth in q1. you know we had a great jobs report. you know china reality growing a lot slower than they are. by the way, china to get whatever growth it had, it might not have had any, to get whatever growth it had it was accumulating debt five 1/2 times faster than nominal gdp even if you believe their inflated gdp claims. david: right. >> so when you look at all this, we're in a really very good position to do this. david: perfect bargaining position but there is another thing we have to focus on which is the markets. every time the markets begin to freak out they pull back as we

saw today. we were down over 400 points at one point today. we ended down 100 and a half. that is not nothing but we recovered quite a bit. the point is trader believe this is the way trump does a deal. eventually when the market, if the markets are affected too badly he will pull back. remember it is a political season. we're already in the political season. trump will not let markets fail going into election. >> watch what happens tonight. donald trump watches every tick. the other part of the tariff thing, the real problem, he gave all businesses of this country five days to prepare for these tariffs. there is no way, i'm pretty sure they will pull back to say the negotiations are going a little bit better, and we'll postpone these things. i got news for you, if these tariffs are put on, look out. when i say look out. i mean look out, aunt mari, uncle bob, big businesses, medium sized businesses will be

in big trouble. david: we want to switch gears. go ahead, kristina. >> i want to talk about timing, north korea is testing two missiles. you had the president speak about it earlier today. let's listen to the clip first. >> we're looking at it very seriously right now much they were smaller missiles. short-range missiles. nobody is happy about it, but we'll take a look. we'll see. the relationship continues but we'll see what happens. i know they want to negotiate. they're talking about negotiating but i don't think they are ready to negotiate. it is very much like china. >> gordon, what do you think of the timing of all this given it just happened, could it or eventually affect the trade talks? >> we have two big problems, the china trade and also north korea. at some point they both are going to mature. that is what is happening right now. maybe kim jong-un is trying to take advantage of the trade friction but i think he has his own timetable more related to

the effect of sanctions on the amount of money coming into north korea. and kim jong-un's ability to satisfy regime elites. i think that is more a factor in his mind rather than what is happening in washington right now with the tariffs. >> gordon, going back to the retaliation issue is it possible that the chinese could throw out american companies if they get to a point they need to make a show of force, is that one route they can take? >> china can do anything, liz, yes they can do that, but they're not going to do that. if they do that, you will see more and more companies voluntarily leave. we've seen companies start the disengagement process. some people say this is what president trump wants to do anyway, but the point is, china needs foreign companies. >> i got to ask you about this north korea. they're firing off these rockets, these missiles. this is after two summits, gordon. trump got played.

prove me wrong. >> i'm not proving you wrong. what kim jong-un is making a hash of trump's attempt to entice the kim's into good behavior. no country, not the chinese, south koreans, russians or are able to entice the kim family doing the right thing. you're absolutely 100% right, jonathan. david: two points i would make on that. who walked out on whom in the last summit? president trump walked out on kim. he realized they were trying to play him. they did not succeed in doing that. so that's a pretty important thing to bring up at this point. the other point is, maximum pressure has not been let up, has it? >> oh, yes it has, david. from the middle of last may president trump, we know this from "wall street journal" reporting president trump did not designate three dozen, chinese, russian and other front companies. when kim jong-un changes his front companies all the time, so that means if we don't designate the new ones you're allowing him to hollow out the sanctions.

this was purposeful decision on part of the president. david: do you think that will change now as a result of the most recent testing by north korea. >> soon. i think it will happen soon. maybe not this week or next month but it will occur soon. the president understands that the north koreans are not reciprocating his gestures of friendship. david: gordon, great to see you. thanks for being here. >> thanks, everybody,. david: ben bernanke -- bernie sanders and alexandria ocasio-cortez, are teach teaming up to take on big banks. what these self-described socialists are proposing now what they hope to get from both sides of the aisle. >> this is not anything radical. we had the laws very long time, had them in red states, blue states. had them in half of the united states. all money managers might seem the same, but some give their clients cookie cutter portfolios.

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>> what alexandria and i are proposing in our legislation is not complicated t takes us back where we were in a number years ago. that no bank in this country should have credit card interest rates over 15%. bringing back the concept of usury laws where people cannot try, where banks cannot try to get blood out after stone.

david: 2020 presidential candidate, senator bernie sanders keeping up with congresswoman alexandria ocasio-cortez on a new bill they say protects consumers and challenges wall street greed by capping interest rates on credit card loans at 15%. now with default rates on credit card debt at less half what they were about 10 years ago is such a measure really necessary? what do you think? >> well it is destructive, david. prices are not arbitrary. they don't pick them out of a hat, wages, commodity prices and interest rates as well. they're not determined by feelings or whatever bernie sanders thinks of them. they are determined by economics. high rates of credit cards are high because of the risk of giving people unsecured loans. a lot of those people in fact don't pay those loans back. so credit cards, if you pay them back are actually a great deal. these types have continued. interventions in the free market only result in less credit available for everyone down the line. >> what about the fact there is a cap rate for credit unions at

18%? why are they held separately compared to banks? if we talk about just the amount of people that don't even have access to credit cards in the first place, if this rule were to go into place would provide 30,000 post offices with the option to provide credit card rates or credit cards in general to lower income people that wouldn't normally qualify? don't you want these people to go out there give their business -- >> post office now getting, post office now offering credit cards. >> they need to survive somehow, right or else they will go under. why don't we give them another avenue. >> they can't even pay back the loans they have already taken out, kristina. that is the whole point. >> actually one of the reasons we have this seeming disparity between borrowing costs and banks and charges on credit cards is because congress in their wisdom passed a law, the credit card act in 2009, which basically said you couldn't raise interest rates on existing borrowing. so what did the credit card

companies do? they hiked the rates on front end of the loan to make sure they were not going to get caught out if interest rates can go out. you can thank the government for once again screwing up the marketplace. this is true. and that is where this big divide between borrowing cost and credit card rates began. jonathan is right, central reason why the rates are so high because people default. no, credit card companies mostly. >> i'm not here to defend credit cards. it takes superman's vision to see the little letters at bottom of statement because you don't know what the heck it says. what i am here to defend are free markets and free for businesses to with as they do in the rule of law and against two people that shouldn't even be running a lemonade stand. you have one person that stopped amazon from bringing 40 to 50,000 jobs to long island city and another one that is proposed

every tax and taking -- >> getting off topic though, gary. >> enough is enough. david: i don't think it is entirely off topic. >> we're talking about credit cards. david: we're talking up about teaming of up bernie and aoc. they believe in socialism. they don't believe in capitalism. they have been honest about that. if you don't believe in capitalism, you don't believe in supply and demand. as jonathan is saying there is reason why interest rates are fixed at a particular point and move based on what happens to the markets. it is involves risk an calculations if you try to artificially stem that at some point which has no relation what the market is tag you will have chaos. >> david, imagine if they were, imagine if they were actually able to put in legislation on all the things they want to do? david: oh, boy. disneyland. >> the economy would head south, cost was go up. you know what will go into the crapper, it is simple as that that is all i'm talking about here. we can sit here talk credit

cards from now to new year's. my pain point, business leave them alone. we don't need these people. >> gary, quick question, don't some banks or financial institutions providing cards working together so the rates continue to be high. >> oh, my gosh, no. >> they could increase annual apr rate anytime they like. 26% and higher. >> one of the reasons -- david: hold on guys. >> one of the reason rates are so high also because competition is so fierce in the credit card industry that they have all upped rewards. the reward costs have gone through the roof. so one of the reasons, seriously, is competitive costs. so -- >> you don't, if you don't want to pay high interest rates, pay your credit card on time. >> thank you. >> we all agree. >> don't even borrow. >> personal responsibility is kind of like, oh, yeah, totally forgot about that, personal responsibility. that is the method the congresspeople -- david: for the record 38% of

american households have credit card debt. it's a minority. it's a big nine north but it's a minority. the minute you can pay them off folks, pay them off. it is not a great deal. no more sticker shock. president trump outlines his plan to end surprise medical costs. dr. marc siegel is here to weigh in on this very expensive issue in america. >> no one in america should be bankrupted and unexpectedly by health care costs that are absolutely out of control. this is the couple who wanted to get away

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peace of mind. president trump picking up an issue the patent for grill 22 medical pricing and somehow folks get a huge jolt when you have to pay out for emergency treatment. planning that includes making sure patients are not forced to pay more coverage during an emergency. they have to be up front but their cost and there will be no fixes added to federal healthcare cost. medical correspondent mike siegel joining us. a big political issue and obviously the president is trying to get ahead in the 20th campaign, how big of an issue is this. the emergency issue, for issue for a lot of people in america. >> is huge, they are paying out of the par pocket for a lot of medical plans. we cannot choose which ambulance, because you want to

get there, but most of our healthcare is solvable, if we knew what the options where we might make a different choice. especially the middleman, is hiding the list price, now this week with any drug that tries to be sold to us by direct to consumer advertising, we are going to see in the drug at what the list prices. we can say, wait, that is a fortune. what about the cheaper generic drug, what about the drug that is been around ten years and everybody forgot and it does the same exact thing. americans will make a different choice. >> gary culp, i'm here. all of this sounds about as logical as logical can be. what has stopped it from happening? what logic, transparency, how is it not happened yet? >> you know the answer. first of all the drug companies did not wanted to happen in the middleman did not wanted to

happen, it enables you to check the prices. transparency enables you to bring down prices. it is that simple. another thing that is happened over the past year or two, we have seen more and more generics on the botto market. so there been more choices added to the equation. >> it does involve emergency situations, you go to an emergency room and you get home and you realize that is not covered by your insurance. how can they prevent that. what is the recourse ? >> we are not there yet. that's a great point. that is still not fixed. >> i think they're trying to. >> the surprise cost from emergency rooms -- you find that your plan has a high deductible, the next page will get insurance companies to admit the cost and what things exactly are before you get home and find out. i was not expecting the spell. >> why is there not anything put

in place to stop out of network doctors working in network, why am i getting charged if i go to in emergency room and guitars all the extra fees because the doctor is not in your network. why has nothing been done to solve that. does a stem further back to them not green, the doctors, agreeing with the networks on a fee ? do they charge too much? >> doctors don't necessarily want to go with a plant that does not pay them anything. it is also the insurance companies want to keep down the cost to. they only let certain doctors in. the thing that has to happen next, employers have to sit down with employees and say this is what is in your plan. the doctors, the hospital, you're not going to be there dying of a heart attack and say i don't want that doctor, he is not in my plan. somehow we have to handle emergency situations next. you're getting to what is the solution, every doctor in the hospital will have to pay for

emergencies. >> every element of healthcare has been monopolized, drug, licensing, payments, with medicare medicaid, how is this one more regulation with healthcare services being applied, how will that better or systemic problem of government implement in the management of healthcare? >> because it's a huge part of the problem, we know with obamacare with this plan that did not work in the government poured money into it but it still did not cover you when you needed it. let's not forget they were talking about transparency. that is a free market exercise. that may be a regulation, but that is what we want. >> the bottom line doctor, consumers, the patients, the consumers out there, the consumers of healthcare are so far removed from the actual price of a product in healthcare whether it's a doctor, medication, hospital state, so many middlemen whether it's insurance, medicaid, the ideas

to pull the middleman out as much as possible and get consumers and providers much closer together on price. is that it ? >> completely right. can you imagine we cannot go to a pharmacy and the pharmacist cannot tell you, that a gag rule, they cannot say i have this other pill, same thing, much cheaper. now they can tell you that. so you want to pay for cheaper treatment. that is putting the patients back in charge. >> so we can make a difference in the bottom-line cost for healthcare. >> is a big first step and it will put patient back in a powerful position. david: great to see you as always. you can buy hoover stocks starting tomorrow and could be the biggest ideal of five years, with no profit coming in with left, is down 30% since its iphone, should you bet on the strike?

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david: uber is set to go public tomorrow pricing at 45 bucks a share, that values the company at $82 billion. the highly anticipated iphone will be the largest, it really is no profitability, and how much it spent could steer investors away, the ride share company will be debuting for the worst week of major indices. would you guys buy the stock? >> i don't think you should touch this one at all. pricing at the low end of its range, stocks are like sushi, you do not want to bargain sometimes. [laughter] this stock is pricing so weekly, lyft is down 30% and look at the

context, this was felt to be the unicorn that everyone was excited about, the market anticipating, it is not looking good and it's one of the ipos not like tom 20 years ago deccan flock upon arrival. >> is a simple thought process and that's where is the momentum, the momentum is on the downside, this one is going to be priced higher, coming down a week after week to the low end. the last part of private equity buying was at $50, those people expected a big money again and they are underwater at ibo, there is a lot of that in the first six months, but the most important thing, they don't know if they will ever make any money and growth is flowing on the sales front because of how big they are and what kind of competition, i stay away from now and it will find a price, i am not seen in lyft and i will see it in uber, no thank you. >> i agree, the offering is not a big idea given where the market is and so forth. but this is a company was changed the way people live and

i think down the road, forgive me, as lyft becomes less of a threat as a not quite as concerned as the bottom-line getting ready for an offering, they will figure out a way to monetize this position. and by the way, the opportunity for automated cars, driving et cetera, all self driving cars, that will be a big thing in the future. i think it's a fascinating company, i would want to own at some point. >> what we are seeing in a positive reaction, they are diversified. freight, who knows with all that, but the cons, like you mentioned, revenue slowing, cost, when will they turn a profit. but i want to take -- you also have employees that are contractors that have no loyalty. that's beside the point. bigger picture. i objected to anyone, maybe gary

or jonathan, do you think the pc world is seen entrepreneurship as a whole is a keep investing in companies that are becoming profitable, you question the fundamental of the actual business. -- >> let's not get too far down the road that they do not want to be profitable. >> there offering documents and often times you have to say things like we don't know if there profitable, they don't really know. -- >> it's not going to be profitable going forward. they lose 58 cents every time a driver picks you up, i don't know if that's a good business model in the long term. i keep hearing about drivers, i am never getting in one of those. >> is faster than i think -- yet to say there's more progress made on the strength that i would've thought at all. >> i have to jump it, you say the vc facing entrepreneurship,

they are creating the entrepreneurship, they have subsidized all the value gratian, innovation. >> it's usually the big guys, and it seems like the mentality, i am stating a large picture, give a lot of companies seeking out, i want to get bought out by the big guys, because i know i'm going to get my paycheck and the short term and make a lot of money. where is the entrepreneurship drive for the smaller guy to change things and get a company to grow from the bottom up. >> christina, you are depressingly here. all i can tell you is, these are people that have ideas, they go to people with money and if they deem the idea good enough, they will seseed it with more.

david: 80% of all business start with personal savings and borrowing from family members. these are wonderful tools of capitalism but they are very, very rare. we only have 30 seconds, each one of you, at the end of the day is the ideal, is it were going to be worth more or less than it started out,. >> a little bit higher but if you present tariffs tonight -- >> i gotta say lower. it's been an exception the market is weak. david: do you agree christina customer. >> in the long term it's gonna go higher. >> i think they will present conservative. david: for decision are here. remember the guy that you see here, he was the poster child for the mortgage debacle, he stayed quiet for almost a decade, he is speaking out for the first time right here on fox business on the blame he bears for the crisis. here's what he has to say coming

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test. david: the man who pioneered, initial zillow say he is not to blame for the housing crisis from 2008, 2009, here's what the chairman and ceo told his

claimant in his first tv interview since the financial crisis. >> it takes the amount of subprime mortgages of the united states, it's ridiculous. it was an easy target, the government, people to jump on, to discriminate and make these loans so we have a crisis, nonsense. absolute nonsense. then nothing to do with it. >> zillow telling fox business, countrywide was targeted because it was a mortgage lender of the crisis, subprime is only 3% of its business, is it unfair to blame him, countrywide and subprime mortgages for the mass customer. >> i'm going to take a point of view, not representative of me, yet the argument that deregulation happened, banks could act like hedge funds, they created mortgage-backed securities, and the default

swaps to back their butts off, with the mortgage-backed securities, then you had hiked interest rates, nobody could pay, and boom, that was a crisis. some of that did stem back to deregulation. >> what are you talking about? >> different narrative. >> no, this is effective. >> in a different world of reality -- government decided we had to make more people in minority communities and people who cannot afford homes, they basically demanded that the banks make risky loans and ever-increasing amounts, they demanded that freddie and fannie back the loans and then you got into a situation where they were making far too many subprime mortgages and it was a small percentage but they got stacked up under real mortgages, good mortgages and the very complicated securities, but

nobody understood so i would say, zillow was part of the problem, he knew he was making coming loans, the big banks neither making coming loans, the security didn't ever understand, they were as shocked as anyone. >> it started with the government -- let's not forget the ratings, aaa that should've been triple d and also monopolized by government the credit agencies also monopoly led by government, christina you are living in a universe that suggests this is a free market runner. this is exactly what obama did in the aftermath of the 2008 credit crisis, blame the banks, wall street, government was all

over the credit crisis in 2008. david: there is another issue, we got rid of something called the glass steagall act created in the depression, separated financial transactions that banks were making from commercial transactions and we got rid of that, the back room was 94, 95 a co- mingle, all the strange financial instruments that these bad mortgages were created for essentially were co- mingled, we the taxpayer were backing the federal reserve for the banking industry, that screw things up. >> none of this happened without angelo giving more -- >> let me finish, to anybody who breeze, and the people who are the $175,000 mortgage on a quarter million dollar house to

have five grand in the bank. so for him to shrug it off, bs, he has everything to do with it but it was a perfect storm, hear no evil, see no evil, speak no evil, sub- primes contain the economy and housing never go down. the more and securitizing all this crab and selling it at 30 to one leverage. david: i remember back at that time talking to a woman to help at a babysitting service, should be $400 a week and bought a 750,000-dollar home and she lost it because she cannot came up with the balloon payment when they came up. and i said did you ever calculate $400 a week for the $750,000 home. and this is ten years ago when that was a lot of money. and she never did and it was a part of her being dashed these loans are being trapped under tropic countrywide, and she thought she had the back of the u.s. government,. >> financial literacy. we are teaching people how to calculate, pay, how to understand common interest.

>> one of the positive things the president has proposed is privatizing freddie. >> and fannie mae, those government-sponsored entities which are behind the whole mess. >> i guess we figured it all out. [laughter] >> you and your kids details against amazon echo dock kids over allegations of spying on your children. that is up next. hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands?

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what is the harm, amazon knowsén buy the pokémon for your kids, of course it knows, i think it does make a lot of people question. what is the value of having the speaker in your house besides to ask it what the weather is going to be that day. >> i think they're trying to create a situation where there is a lot of value and because it ties you into the amazon infrastructure, you say alexa, order me detergent, and alexa do this, alexa please do that, kids become adults and they're basically trying to get done early. >> maybe that is creating a solution to a problem that does not exist. i wonder, going forward, should the ownership of data or privacy become a fundamental right?

given all the data breaches going forward, given the probl problem. >> i'm sure a lot of politicians have thought about that. >> i want to know the answer. >> about the simple word disclosure, how about telling us what you are doing. >> we need a magnifying glass, to read any of it, the fine print on page 63, they will see these companies, there is value in data, prickly things like healthcare data, and amazon improve the service that you voluntarily brought into your home. david: you have to pay for these things, they are not giving it away. there is something called the children online privacy protection act, amazon says it complies, but what therefore if you getting privacy from your children and extracting it from your children's lives. >> don't put in your home, that's a final answer. don't buy it. >> you don't have to gary.

>> they want to know everything about you, follow you around so they can sell you a ton of stuff going forward. but please tell us before,. >> we just told everybody out there what is going on, that does it for "bulls & bears", thank you for watching. see you next time. >> the u.s. and china trade teams once again meeting, the uss china is retreating from ideal and tears are coming while china is roote promising to ret. they are launching more missiles in the u.s. is stepping up against iran and the president has just announced who he who officially wants to lead the pentagon. bernie sanders and alexandra ocasio-cortez say they want to capture credit card interest. why the banking industry says that is about 80. and nancy pelosi says, we are in the beginning of a constitutional