thanks so much for watching "strange inheritance". and remember, you can't take it with you. ♪ oh, yeah. us. >> bulls & bears starts right now. >> she made horrible statements. she knows they are not true. she said terrible things. so i just responded in kind. >> [inaudible] >> yeah, that's possible. i do believe you can't go down two tracks. they want to do a redo of the mueller report. it is over. there is no redo. david: president trump speaking to reporters moments before leaving for a four-day state visit to japan where the mood will no doubt be a lot more pleasant than what we have seen during the contentious week. fiery war of words with house speaker pelosi continues. made a lot of headlines during his impromptu press conference.

we will dive into it throughout this hour. stay tuned. hi everybody. this is bulls and bears i'm david asman. joining me on the panel today: >> president trump today saying again that democrats can't spend their time both investigating while working with him on things like drug prices and infrastructure, but republican senator lindsay graham warning the president not to let democrats throw him off course. listen. >> >> he's got to do infrastructure. mr. president, don't let these guys get you into not doing good things for the country. do infrastructure. david: does president trump need an infrastructure deal with democrats to win in 2020? gang? >> first of all, they can't go down two tasks -- they can't do one task. [laughter] >> if there was never russian interference in the election, if we never had a mueller -- i really don't think we would be getting a large infrastructure

package at this point. the reality of it, is not something they are capable of doing. it would require tax increase. no one is raising taxes before the election. it would be nice to talk about one getting done before the election but to actually have it happen and to have voters see what it would cost i don't think would be a winner for either party. >> i also think look they are going down this track because they are afraid he is going to win 2020 even without infrastructure. that's what this is about. the president is trying to make a point here. he's done a lot, david; right? he passed tax reform, deregulated, stimulated the economy in the first two years. it is the democrats that are causing the road block here, full. i still think they are scared of him. they are scared that he is going to win in 2020 then's why they keep going down the road with the investigation. >> i guess i'm of the opinion that -- sorry, adam, go ahead. >> that's okay. no, please gary, please. david: please, guys. [laughter] >> i guess i come at it from two

perspectives. one, i don't even want trump to do an infrastructure plan. that's speaking as a libertarian. the history of government doing infrastructure plans, think back no further than obama is horrible. you get two things, overbudget and overtime. pick any project you want out there, in the last 10, 20 years, they've been just horribly executed. second, so from that perspective, i don't want him to do infrastructure. from the perspective of, you know, trump getting re-elected, he's probably better at this point for his place playing the martyr, you know, oh, they are picking on me. he can milk that for at least another two years or so, well up to the election and slide in without doing anything. it benefits the country. it benefits him, if he does nothing other than say poor pitiful me. >> well, i'm glad i let you go before me, gary, so i could

disagree completely with what you said. [laughter] >> of course it would have been that way anyway, though! >> right. i'm going to take them in reverse order. i kind of agree with you on the latter point in that, you know, i think you put your finger on what trump's strategy is, but i wouldn't read anything into what trump's strategy today. we know that come tuesday or wednesday, if that's when he's back from japan, that he could have a different strategy and they could be talking like old friends. we have seen it a million times. if your first point, i disagree with you. you are looking back eight years. i would look back 50, 60 years to the amazing things that we as a country have accomplished through the federal government on infrastructure. most reasonable people agree we need to have some kind of conversation about fixing our crumbling infrastructure. >> give me some examples, adam. >> the interstate highway system. there's one. >> all right. so now you're back in the 50s. okay, that's 60 years ago. what else came in anywhere near

budget and on time? >> well i -- you're changing the subject. >> i generally agree with what gary is saying because i see any government project and it is always over -- but i have to throw the space program in there because president kennedy said let's do it in a decade. we did it under a decade. >> but david -- david: that was just one, go ahead. >> but david, but even to that point, we have seen space x and the others do it more cost efficient. david: now we have, yes. >> yeah, everyone points to the space program, but there was no competition. who knows how much overbudget -- david: that's true. >> -- we have nothing to compare that to. >> i wouldn't disagree with you over budget. as we mentioned in an earlier show, we did a really bad deal compared to other countries. but democrats are wasting an opportunity here. you just talk about the 50s. they have never had a more favorable republican to do infrastructure since the eisenhower administration, with

the highway system. david: he's a builder. he builds things. >> he seems to have some republicans on board with an fdr grade spending plan. they are never going to have that again out of republicans and also somebody who can kind of oversee -- i'm not taking the blame away from trump, but i do think they should work together. i don't think it is going to happen with the reality of politics. david: jackie, you brought up a great point which is democrats are in a squeeze too. they need something. they will have been in charge of congress for two years at the time of the election. they don't have a thing. as you say, trump, the first half of his first term had a lot of accomplishments. >> he did. he pushed so hard to make sure that he could check off some of those boxes. some of the things that he promised voters during the campaign. infrastructure certainly was one. i think it would be positive and wonderful if he could get it done. i agree with adam. you never know what he's going to do. today he is saying one thing. next week he might be able to sit down with nancy and chuck and have a civil conversation.

david: look at kim jong-un. >> you really never know. i don't look at what's happened this week and say infrastructure is dead here, by no means. i will say this, if he does pass it, he's nailed it. >> david -- david: adam, go ahead. >> i wanted to say i know we want to analyze what the political angle of all this, but gary i would turn it back on you and say what should we do about our crumbling roads. you're going to say oh, privatize the project. somebody's got to privatize that project. who, who gary? >> first of all, most of the infrastructure is state and local. that's number one. it is not federal. two, the whole crumbling roads thing is overblown. if you look at the state of the bridges, for example, the status of the bridges in this country has not really changed one iota over the last 20 years. so infrastructure crumbling is i hate to say it adam kind of like the whole climate thing. all of a sudden, it becomes a big cry for people to get more money. it is not that bad.

and when it is bad, it's under state and local. that can be privatized, just like -- you know, adam, the first things that were privatized in this country were turnpikes and subways. they weren't government run. david: great point. >> it can be done again, my friend. >> it's fun, it's nice not to be in traffic but there's no real proof other than maybe china that it helps an economy. germany has cut back a lot on infrastructure recently to get their budget ets in order which they have done much better than we have. >> what about quality of life? >> if you think it is going to make your gdp beat other countries, it is not like that. >> i thought we were talking about improving our infrastructure. david: we are talking about getting a deal done and whether getting a deal done is going to help trump get re-elected. >> i think we've all agreed there's going to be no deal. david: there are other issues besides infrastructure by the way. there's a trade issue.

i'm not talking about china here. i'm talking about the nafta 2 or the usmca. that's still on the table. i don't know if that's going to get done before the election, is it >> hopefully it will be. >> why would it? >> go ahead. >> anything where trump is going to get the credit and, you know -- david: i think that's it. >> -- to go back on the infrastructure, there's no way the democrats are going to let an infrastructure thing go through because trump is going to claim credit, and there's no possible way that the left is going to allow that to happen. >> i don't agree with that. they can take credit for it too. >> i think there will be a lot of backlash, david, if they actually -- i'm going to take it back to the usmca point. i think there will be a lot of backlash if the democrats don't get on board with this and pass it through. there's such multiple fronts that we're fighting these trade wars on and this is going to ease some of the tension. david: the bottom line is the people are being held hostage by a fight between these political sides, and it's just not fair to the people. meanwhile, president trump says he is declassifying the entire

2016 investigation into his campaign. what impact will that have? we will discuss that, coming next. >> everything that they need to declassify, they will be able to see how this hoax or witch hunt started and why it started. it was an attempted coup or an attempt to take down the president of the united states.

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plus, 0% interest for 36 months. ends monday. sleep number. proven, quality sleep. >> i think people have to find out what the government was doing during that period. if we're worried about foreign influence, for the very same reason, we should be worried about whether government officials abuse their power and put their thumb on the scale. and so i'm not saying that happened, but i'm saying that we have to look at that. david: attorney general bill barr speaking to fox news' bill hemmer. the president now giving barr the authority to declassify information about the origins of the russian probe, a move the president has said would show crimes were committed by his political opponents in 2016. >> i want to be transparent. everybody wanted me to declassify. i have done it. and you can almost say he's the trustee. he's a highly respected man, our attorney general. he's in charge.

let's see what he finds. david: joining us now is a former federal prosecutor. what do you think we're going to learn from the declassified material? >> well, beggars can't really be choosers, can they? we can't be complaining about transparency where mr. trump wants to disclose information to the public. i think we're going to learn that investigations often begin with bad information. and if the question ultimately is where do you stop? so once you start getting unreliable information, where do you stop? i think we're going to understand more about how the criminal justice system really works at the top echelon of the doj. david: investigations usually begin with a crime. that's what made this investigation very unusual. there was no crime. >> well, right, i mean we see all the time in the criminal justice world an allegation is made. somebody walks into the police station and they say john did this to me. well, is that credible? is there something that corroborates it? police don't require that in order to look into that allegation. so that type of thing happens

all the time. the question is, where do you police stop? when dough you stop getting those subpoenas -- when do you stop getting those subpoenas? >> andrew, gary smith here. i'm going to ask you a question maybe a little outside your scope of knowledge and really more for your opinion. it seems like ever since trump has become president, we've been involved in investigation after investigation after investigation. we have never-ending soap opera going on between the parties. this will open up another can of worms in my opinion. do you think overall opening these up, declassifying all this information, which of course will lead to probably declassifying other investigations, do you think it is good for the country? >> gary, i think that's a great question. i mean ultimately we have investigators in these agencies and they don't have jobs if they don't investigate. the political battles that go back and forth, it is a matter of our political checks and

balances. it's the multiple branches of government. i think there's a healthy degree of investigating one branch after the other. but when it goes on for too long and when it goes too deep and it doesn't stop when it needs to stop, that's a question that needs to be answered >> hi, andrew. i'm with fortune magazine in san francisco. quick comment to david's point, there was a crime, david, several crimes, and mueller prosecuted several people for crimes. david: no, you are wrong. that wasn't why this investigation was started. it was a counterintelligence investigation in which there was no crime. there were crimes subsequently found in the investigation. but it did not begin with a crime. go ahead. >> the investigation was into russian interference in u.s. elections. that's where the -- david: it was not a criminal investigation. it was a counterintelligence investigation, but go ahead. it's a matter of record. >> my question -- my question, andrew, you mentioned in your opening comment unreliable information. i wasn't sure what you were referring to. i feel like you have some sort

of point you're trying to make with that expression, unreliable information. >> well, it is not a point that i'm trying to make necessarily. it is the question where you have the president, who has come out so often and said that it started as a witch hunt or started in some sort of fashion that was aimed against him, well, he wants to know how it began. it's his department. he's allowed to direct and give those investigators a path to go. so he's looking into that. i don't think it's going to turn out well for him. i don't think it's going to show that there was an illegitimate basis to begin this investigation. i think the real question should it have stopped at a point before it did? >> that's a great question, andrew. my question to you is this the president has demonstrated, he's an eye for an eye kind of guy. and he feels that declassifying the information and getting to the bottom of what started the probe if it was started in a surreptitious kind of way is really important, to sort of stop the dialogue to put an end to this, because the democrats are saying -- pelosi is still

saying there's a cover up but she can't tell you what is being covered up. do you think this will in fact achieve what the president is looking for and maybe just put a stop to this at some point? >> i think there's a degree of this that's personal. the president really wants to get at what started this. i don't think that's going to reflect that there was any real illegal conduct that took place. there may have been certain investigators that turned a blind eye when they shouldn't have or gone to fisa court a little bit sooner to correct information. that's issues that should be addressed. but in terms of developing a record that truly illegal conduct took place, i don't think we will see that. we have a justice system that allows people to start investigations based on very thin information. that's how investigations often turn up real crimes. >> andrew, i have an mba. the only thing that i know about the law is watching "law and order". david: good show. [laughter] >> let's pretend hypothetically

it was totally improper and i would argue that a lot of things are probably started that way. does that mean the stuff they found is thrown out? is that like when the cops don't have a warrant and they bust you with drugs and you then you get away with it? is that how it works? >> i went to a great law school but most of what i do on a day-to-day basis is based off of law and order. [laughter] >> at this point it is really political. i think the president really wants answers. there isn't going to be some sort of revelation that something wasn't done exactly perfect and things are thrown out. there's no criminal process taking place. this isn't like evidence that's getting thrown out in the courtroom. this is i think mud getting thrown around in washington as it usually does. >> all right. andrew, switching gears for a second, congressman nadler says that mueller is willing to testify before congress, but he says that he wants it to be private testimony. what do you make of that? >> well, i think there's all sorts of reasons. i'm going to start with the most practical conditions, and that's because mr. mueller's afraid to

go in front of congress in public because he has so much that he's obligated to keep private, things like classified information, things like information that came out of grand jury testimony and things ongoing investigations. it is very difficult to parse through all of that in a very complex investigation, when you're trying to answer questions from congress people off the cuff. so that's realistically what i think is going on. but there are things we could look into it and read into it if we wanted to speculate. david: andrew, very quickly, if in fact we find out from the declassifications that antitrump forces in the fbi and the cia worked together and lied in fact to get that fisa warrant, to spy on the trump campaign, could somebody go to jail? >> absolutely. if people were lying in their official documents that they are spending on those warrants, people go to jail. but there are typically very good people in the doj and the fbi as far as i'm concerned and the people i've worked with. so i would find that unlikely.

david: we have seen some disturbing memos that indicate that not everybody there was on the up and up. andrew, thank you very much for being here. appreciate it. the debate over excessive ceo pay could heat up after you hear this. despite a growing list of controversies, this company's head was just named the highest paid ceo of 2018. and it's reportedly the biggest compensation package ever. we will tell you which one, coming up. my experience with usaa has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today.

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even though we made the distinction that this is based on performance from last year, tesla just grazed profitability. okay? elon musk knew the company still has a lot more to do. he can't meet his production targets. he can't bring the cost of the car down the way he's promised that he can do it. they are making all kinds of crazy cost cuts. dloe they are closing their studios so people can't test-drive a car. there are decisions that are going to have long-term implications. i think it is about performance. he's unhinged. he's demonstrated he's kind of lost his mind. he was fined because of his tweets. i think at some point you have to sit back and look at these packages and even if they are set in terms of contractual obligations look at them and evaluate them and see if they make sense. >> first of all -- [laughter] >> look, it's executive compensation discussion, so many

directions we can go. i would like to say elon musk makes minimum wage. that's his official salary. the only reason he doesn't make a dollar is because in california you can't legally pay someone that. he makes nothing if they can't make money from these cars. this stock would have to go up like tenfold in price for him to actually realize this windfall that would take him up to the wealth level of say a jeff bezos. why that exists is because of tax situations that were done in the 90s that overly incentiveized i would argue stock option based compensation as opposed to salaries. they fixed some of that in the recent tax code changes. the real issue in this specific case is he's already going to get wildly wealthy. does he need this much extra compensation to drive the stock price higher? is it making him a little crazy, doing tweets, pumping the stock? i don't know. i would say he's not going to make any money if this company fails. this is not a cash pay package. >> first of all, i totally support the concept of fining leaders who tweet irresponsibly. we should broaden that in our

society, if you know what i mean. [laughter] >> just to be clear, jonas makes a very good point. this big number is based on a large equity grant, but i have been giving this a lot of thought. i think that's a bunch of nonsense too. we should pay ceos what we think they are worth and they should get incentive plans, but so should everybody else in the company. there's no reason for it to be imbalanced. pay them more but pay everybody else incentives. >> well, not surprisingly -- i disagree with one part of whattedwha whattedwha whattedwha what -- what adam said when he said we, i hope he means the shareholders and the board of directors. >> we the shareholders. >> beyond that there's no one's business. i think there are a handful of hollywood actors that are gigantically overpaid. look, i love denzel washington but his movies don't make enough

money to equate with his 12 to 15 million dollars a film that he gets. david: that's a good point. >> that's the studios to decide. i don't care what denzel washington makes. i don't care what elon musk makes even if his salary was 2 billion a year. that's for the shareholders and the board of directors to decide, not adam, as smart as he is, not me, not even jackie. [laughter] david: jackie? >> you know what? i agree with you but think the board and share holders need to look at this. we have a problem with executive pay packages across the country. when we talk about -- david: what is that problem? >> the problem is a lot of people feel like when they're making minimum wage at a company, even if it was raised to $15 an hour, it is not enough. there does need to be a standard of living where people feel comfortable and they feel like they are accomplishing something. i'm not speaking to how much s tesla pays its employees, i

don't know to be honest with you. >> less, jackie. >> look, i mean why is the u.s. stock market the best stock market in the world for hundred years? but i see much worse examples of this, even though the actual pay isn't as high to the relative actual worker in most countries. we need to figure a better system. those are minor issues a t the end. >> i think that gary you make a solid intellectual point. i think you're looking past workers being demoralized. so i don't think that the guy or gal selling peanuts at the baseball stadium thinks, you know what? i think the short stop makes too much money. but i do think that the average worker at many companies think that guy or gal doesn't deserve that kind of money. that's one argument.

david: we got to go. hold on a second, gary. we need to move on. i got to say tesla workers probably don't make the same amount as the guy selling peanuts at the stadium. i'm just saying. >> they make more than elon musk is what i'm saying. david: president says he's sending more troops to the middle east with tensions arising in iran. will this lower the temperature in the persian gulf? a live report from the state department coming next. >> right now i don't think iran wants to fight. i certainly don't think they ♪ (vo) i know what you're thinking. electric, it's not for you. and, you're probably right. electric just doesn't have enough range. it will never survive the winter. charging stations? good luck finding one of those. so, maybe an electric car isn't for you after all. or, is it? ♪

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go beyond the expected, to do the extraordinary. take your business beyond. >> we want to have protection, the middle east, we will be sending a relatively small number of troops, mostly protective, and some very talented people are going to the middle east right now. we will see how -- we will see what happens. david: officials at the pentagon saying the u.s. is sending

nearly a thousand new troops to middle east as tensions are rising between the u.s. and iran. this as newly-declassified documents showing iran is now strapped for cash. rich edson is at the state department with more on this. hi, rich. >> good afternoon, david. and this state department officials are saying this newly-declassified intelligence shows that iran is having a difficult time funding militias throughout the middle east. officials say that tehran has told shia militias to find new revenue sources because iran will provide them less money. hamas austerity plans because of funding short falls that iran's cyber command needs cash and assad regime fuel shortage because the u.s. cut off 1 to 3 millions barrels a month that iran once supplied the syrian government. hezbollah deployed social media campaign including children in military uniforms appealing for money that to encourage donations. the state department says this all demonstrates the 26 rounds of sanctions on nearly a thousand targets is working.

>> the president would like to get into negotiations with the iranian regime so he can put in place a new and better deal to replace the failed iran nuclear deal. but while we're working on that objective, we're also denying iran the revenue it needs to destabilize the middle east. >> just a short while ago, citing iran tensions and over congressional objections, secretary of state pompeo just announced the administration is going to approve about 8 billion dollars in arm sales to saudi arabia, jordan, and the united arab emirates. in that statement pompeo says these sales will support our allies, enhance middle east stability and help these nations to deter and defend themselves from the islamic republic of iran. democrats claim the administration is using a loophole in the law to circumvent congressional will here, but the state department says the administration is using authority that congress has granted the administration to do so. david? david: rich, good to see you,

thank you very much. let's bring in james carafano, national security and foreign policy vice president at the heritage foundation. james, it seems that iran is really on the ropes right now, is that right? >> yeah, i think that report is really telling. this is stuff that really any administration could have done. any of the last six presidents could have put a sustained pressure campaign on iran in place. this is really the first time we have done this. remind people that when this started trump was a 32-year-old real estate broker and pompeo was in high school. they have inherited this mess. they have done something that nobody has done before. it's just demonstrating just lacked the will to put it in place. >> jim, hi, this is adam with fortune magazine in california. you are the national security expert. i'm not. my recollection of the history leading up to the iran deal is that there were a successive series of sanctions put on iran by the united states and the european allies. so i'm not sure what point you are making there, as that not

having been done before >> that's a good point. it did work and bring iran to the table. what they did not do is didn't do what we are doing now is actually going after the surrogates and actually restraining iran's physical capability by really cutting the money off. this is a level of across the board activity, not just sanctions, but a whole bunch of other things that nobody's ever done before. what we haven't talked about which gets into the notion of the saudi and uae arm sales is trying to put a sustainable architecture in place so people can defend themselves against iranian expansion. that's a level of resistance that the iranian regime has just never seen before. >> james, gary smith here. you know, i think we're all on board that the economic sanctions have worked and are effective and will be effective. now we're sending more troops in, i suppose. are you worried about that? do you think this could escalate into a never-ending cycle of

sending more and more troops in until we're fighting another ground combat war? >> no, i don't think so. you know, people talk about rising tension in the region. to me, it is like people saying did you know the last episodes of "game of thrones" happened? i mean -- [laughter] >> that's a two week ago story. it is very clear that neither side is interested in escalating. you know, i was in the military for 25 years. a thousand man deployment, those things happen all the sometime. it shouldn't even rate news. i don't know why the administration is making a big deal out of it. so i think if they were going to escalate, there wouldn't be a thousand. more importantly, it wouldn't be these kinds of troops. it wouldn't be support logistical intelligence. >> james, i see a critical distinction here, and that's in the past we haven't -- or we've been worried about iran's oil supply. we have needed their oil. and they could destabilize the middle east by holding it back or creating problems where they can't ship and move it around freely, but here in the united

states we're producing record barrels a day, 12.2 million barrels. we are the world's largest producer so i feel like president trump is trying to tap into that saying the dynamics here, iran, are totally different. >> yeah, i think it's not just the united states putting more energy on the table. but the u.s. essentially is a pro energy policy pushing other countries to do more production, trying to help the europeans out with energy security and energy diversification. it's been a pillar of the administration to take the energy weapon off the table so countries like russia and iran can't use it to really drive the behavior of other states. >> james, jonas here. it's like trump is trying to be the ceo of america. i'm not saying that's bad. it always seems like there's weapons systems tied to this. i think he looks at it like aerospace is our number one, we're the best producer.

is that a part of his behaviors in the middle east to selling stuff to the saudis like why we don't sell more stuff to them? is that in his head, do you think? >> i think that's superficial assessment of his poll sis. he's pro american. he loves to sell stuff. but honestly any president would tell you that a pro defense export policy is good because we're not buying enough of our own stuff and that helps sustain our market. there's a logic behind that, but it is very clear if you look at the president's national security strategy, the arm sales, the engagement of the countries in the region, the pushback, it is all for a strategic purpose, not just to make a buck. david: james carafano, great to see you. thank you very much. >> thanks for having me. david: president trump working on an executive order that could make a huge impact on the healthcare industry. dr. mark seegal on what all this means to you, the patient. that's next. this is the couple who wanted to get away

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expected to release an executive order as early as next week forcing those in the healthcare industry to be a little more transparent with patients about the prices they charge. fox news medical correspondent dr. marc siegel is joining us

now. how is this going to affect the average american patient out there >> when it comes to out of pocket costs this is an extremely good thing because a lot of times patients go to the hospital or the doctor and they don't know what they will be paying. they may get hit with a secret bill after the procedure is done. what are you going to do then? you can't take back the blood you had drawn or the surgery you had. i completely think that patients need to know what they are paying. the problem is, though, that the transparency laws that they are planning here, they are going to get the labor department involved, the affordable care act involved, the social security act involved, here's what the problem is, negotiated prices that insurers come up with that we don't know behind the scenes and hospitals set a price, and different insurers pay whatever they want and hospitals are stuck with that and look to average cost. what is a patient going to do and find out an insurer is ch

chiselling and say to an insurer i'm going to drop you? >> do you think this is a good idea because trump seems to be going after this crazy drug escalation price that's been going on? >> fair point. i think that's a secondary idea. he's furious at the idea that foreign countries are paying less. that's going to be addressed. we make the drugs here. the drug companies say it costs us a billion dollars to make the drug and then another country like germany pays less and they use their whole country as a block to force the prices down and we pay more. i think that's something that's fair and should be on the table. medicare across the board negotiating, i don't think we're going to get there. i don't think we're going to get there under trump. >> what's the logical next step to this? let's say the disclosures come out, patients have more information and more knowledge. what's the next thing he can do? he wants to sort of really try to change the system in these subtle ways. what else can happen? >> well, if we take a deep breath and look at this, here's where it gets positive.

don't you want to know that the doctor down the block who is just as good as the one you are going to here is charging twice as much with someone with the same amount of experience? i want to know that. if this works, it should bring down cost. the american health insurance industry is say no this is going to increase prices and costs, i don't see it. i think it will lead to more competition and more choice. >> adam from california, i'm all for transparency all the time, but what if i called you and you were my doctor and said i don't want to get the drug that you suggested that i get because i saw on tv that it costs a thousand bucks i would rather get a $500 one. what would your response be? >> you put pressure to defend the thousand dollar drug. i would have to tell you why it is better. maybe it is not better.

it may me think of that -- it may make me think of that maybe that older drug would work. >> a gene therapy drug treats a rare deadly muscle disorder in infants, it is now the most expensive drug ever. is it worth it? >> 2 million dollars for one use, but if it works, it gives you -- it extends life. genetic therapy extremely expensive. costs a lot to make this drug. it is orphan drug with 10 to 25,000 children having this, it is hard to say it is not worth it. we're going to end up heading into this area in the future with a lot of genetic based drugs. we need to figure out how to pay out over time, if the drug is successful, not pay it all in a lump sum. i don't want foreign countries paying less for this drug. it is expensive to make. it is hard for me to say -- >> like aoc would say everybody should have access to this drug. >> yeah, everybody should have access to it meanwhile only she and others can afford to pay for

it. >> right >> the problem is going to be how we get the price down over time without saying they can't pay -- if we say novartis can't charge that, they won't be able -- david: the answer is competition; right? that's how we get prices down. >> that's what's going to happen in this case because there will be other companies that see this drug and make similar drugs and then generics will come out and over a few years it will come down, the price. more and more generics is what the fda has been going in the direction of. we need generics competition. >> do you think drug patents should be shorter -- >> dr. siegel, this is gary smith, to your point, yes absolutely competition can bring down -- we've seen it in the plastic surgery area where, you know, insurance companies really aren't involved, where there is competition, from everything from lasik eye surgery to rhinoplasty, prices have come down, the only part of the medical area where they have come down. the problem is and i think you alluded to this, once you get the insurance companies in

between the customer and the doctor or the hospital, things go awry. do you think we can ever take them out of it in some way shape or form so there is price transparency? >> great point, gary. by the way, if you and i are going for a nose job, i bet we're going to get the cheapest guy on the block; right? [laughter] >> just as good. >> well the most cost effective in any event. >> absolutely. here's a model that might work in getting the insurance companies out of it. i think price transparency helps. the direct care models, the henry ford system in detroit, fascinated by that, six different hospitals involved. employers can go right to providers and get the insurance companies out. that's an interesting model. david: there is hope. doctor, thank you very much. staggering number of millennials have nothing saved for retirement yet, but you may be surprised to hear why some are deliberately choosing not to put money aside. details coming next. with all that usaa offers why go with anybody else?

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david: we have some breaking news here. amazon shareholders just overwhelmingly rejecting a proposal for the company to stop selling facial recognition technology to government agencies. only 2% voted in favor of this ban. amazon sale of the technology to law enforcement in oregon and florida had put the company at the center of a growing debate over facial recognition. no doubt we will hear more on this. meanwhile, why save for retirement when the world is going to end? that's apparently the mindset of some young adults, while the

majority of millennials say they can't afford to put money away, there are others who say they won't because of climate change. new data from pew showing 69% of millennials believe climate change will impact them in their lifetimes. the federal reserve reporting 42% of younger workers have no retirement savings at all. what do you make of this, gang? >> well, i will tell you what, david, kind of -- i have three thoughts here. one, i truly believe that for the majority of millennials out there, they just don't have the money to save. that's probably 08% of it. -- 80% of it. let's split the other 20% into two camps. one camp, it's kind of actually sad that they think there's no future there and they are so pessimistic. we have gone through two world wars, all sorts of crises. you just got to look on the bright side. david: yeah. >> you know, the other camp, though, i just got to think it's look saving money is hard, and if they are saying oh, this is

an excuse not to save, well, i suppose that's sad also. >> well, david, i promise to study this study very carefully but i didn't hear from what you said, a correlation between on the one hand them thinking that climate change is important and on the other hand them not saving. david: it was anecdotal through interviews, yeah, you are right, go ahead. [laughter] >> well, i will tell you first of all, they should worry about social security which when they retire will be cut 25%, so they need to actually save -- david: that's the point. >> that's what's going away, not the planet. their pensions they don't have access to those like everybody else did. they are in a bad situation on top of investing in already expensive market and real estate. they are going to have to buckle down. they are not having babies then's why the social security ponzi scheme is falling apart. >> they have bigger problems in not investing in retirement funds than climate change. the millennials have a different

way of looking at everything and i can't get my head around it. david: when you are under 30, you don't have a 30 year plan when you're under 30. i don't think any of us did when we were that age. thank you, gang. that does it for bulls - [announcer] the following is a paid advertisement for the hoover smartwash. when your throw rugs need cleaning, you toss them in the washing machine, easy! if only you could do the same for your carpet. instead, here's what carpet cleaning looks like for many of us, hauling around heavy, bulky rental machines. they're a hassle. and do you really want to bring someone else's dirt into your home? and then there's all the mixing, soaking, waiting forever for your carpet to dry. no wonder we sometimes give up and call in a pro, but that's a whole other level of pain! they're all over your house, you're left with a damp carpet, and it costs a fortune! sometimes you just want to give up. now there's an entirely new way to get your carpets looking and feeling like new again.