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tv   Bulls Bears  FOX Business  May 28, 2019 5:00pm-6:00pm EDT

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in addition to greater security measures people say there's got to be better screening of the mountaineers and also a smaller number. >> bulls & bears starts now. president trump: they would like to make a deal. we're not ready to make a deal and we're taking in tens of billions of dollars of tariffs and that number could go up very very substantially, very easy. david: president trump returning home this afternoon after turning up the heat on the china trade war hinting now that the u.s. is in no rush to seal a deal and warning to china the more tariffs could be on the way hi everybody this is bulls & bears i'm david asman joining me on the panel christina partsinevelos, carol roth, robert wolf and jeff. well the president sounding off on china saying he's going to bid his time at a deal. let's go straight to edward lawrence at the white house with
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the very latest on the fallout. >> reporter: you read the tea leaves it looks like the tariffs could be around for a while the president saying we are not ready for a trade deal with china as of right now the president adding that there could be a good deal at some point in the future just not today. >> i believe that we will have a very good deal with china, some time into the future, because i don't believe that china can continue to pay these really hundreds of billions of dollars in tariffs. i don't believe they could do that. businesses are leaving china by the hundreds by the thousands going into areas that are non- tariffed including the united states, by the way. >> reporter: you heard the president believes the supply chains are starting to shift, as companies look to the future, chinese companies now dealing with a total of $250 billion under a 25% tariff, and that's everything from technology to car parts to other equipment, and in the last 200 billion of imports, where the tariffs went from 10% to 25% on may 10 any shipment where the importer can
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prove it left china by may 9 will not pay that additional tariff, and it takes 14-21 days to make this journey across the pacific ocean to the united states, so after thursday that's 21 days it's likely that all effected goods being imported will be under that 25% higher tariff & companies will have a decision to make do they absorb the cost or pass it on to customers and last week i talked with two federal reserve presidents and they both told me companies are not passing that cost on in fact one president told me the federal reserve president told me that the technology increases have helped the supply chains get more efficient and that's where the cost absorption is coming in but as of right now they're saying that companies are not passing it on back to you. david: well for now that's good news edward thank you very much. we'll be watching for any new developments and bring them to you as soon as they happen meanwhile despite the ongoing trade tensions with china consumer confidence in may has posted a big jump from april,
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and has now hit a six-month high so should americans maybe be more concerned about these tariffs what do you think? >> well this is not an entire surprise consumer confidence is a lagging indicator, so it's not a surprise it hasn't shown up in the numbers yet. i think that the response will be bifurcated. i any there are people within small businesses or people who shop in very specialized areas who will end up seeing this as an issue and i think there are other people who work in other areas and then have lots of choices who won't so i imagine it would be a drag on consumer confidence but probably a smaller drag, than some people might expect. >> i think it could be a drag. i just wonder the timeframe for it is this something we'll only see within a year out from now, given that almost every single product like edward mentioned will have a potential tariff increase just within the next month or so. you have issues like the oxford economics group putting out a study saying this could add $62 billion in costs to the american economy so that breaks
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down to $490 per household that's extra and that's on the low end of the scale so i think right now americans don't seem to really care. the economy is doing well they've got a job however once you start to see those prices increase, then yes, that's when you'll start to see the angry people. >> i mean, we have been having this debate for a while. i thought we were going to have a deal in march although most of us said we wouldn't and then we were supposed to have one in april because everyone was going to china and now we're going to bid our time. this is not a positive for our economy. it has definitely hurt china, but it also hurt us. why did we have a second bailout why all of a sudden are things like washing machines going up and -- david: but happening for a while. >> i'm sorry you used washing machines as an example? >> well listen that's one of the things we still manufacture today is so it's a good thing and let's look at what happened with the u.s. mca that's been kind of i'll call postponed. they stopped the steel tariffs,
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because that was going to actually impact u.s. consumers. they put a halt on some of the auto tariffs, so this idea that tariffs is a good thing, we're putting halts on those, we have good relationships with, and then someone like china we think is hammering them but really it's hammering us as well. >> you're exactly right, robert it is hammering us. i'm not sure where the president comes up with china is paying the tariffs whether choice businesses to be paying part of it, that could be the costs of part of the tariffs being paid for in some measure in kind but china is not paying for the tariffs it's americans for the most part american businesses paying for the tariffs and now the president is right about global supply chains leaving china, but what you're saying, robert is also correct is we are losing farm contracts forever so we've already had a bailout, now $28 billion from our farmers, we are losing those contracts forever. we'll have to bail these farmers out. the markets are disappearing. right now you have african swine flu going through asia and our ranchers cannot sell pork into
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asia. we can't sell it into japan because we're not part of the tp p, which was ratified and started on december 31 of last year. this is hurting both economies. david: but you and i have talked about this before, john. i don't think "forever" is a term that can be used in international trade. i think that eventually we can get back some of these markets, it is causing a drag, but as edward was just telling us before, so far, the companies have been able to absorb the cost, the new cost, and that's why the consumer confidence is way up. i know it's a lagging indicator as carol said, but so far, again , people are looking at the labor situation, which is still terrific. they're looking at their wage situation which is much improved from what it was and that's why it doesn't seem to be hurting the average voter come 2020. it may change, but right now, it hasn't. >> of course it can change, and to what john just said. david: by the way what could also change in terms of us having a deal which would cause the markets to sky rocket. >> look at it more of a macro
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level, you're talking with the t pp, you have all of these countries now pivoting and the allies that we may have once had in the past shifting their alliance and i think that's something we should really be concerned about. the military that's going on in just the east asian sea just -- >> the fact that we just had a great conference with the japanese prime minister. look, the japanese are a very secure allie and they need us tremendously right now. >> true but then what about the investments that you're seeing in infrastructure all along africa? it's happening more in europe and the alliance that has formed with russia too, these are concerning factors. >> well we did have infrastructure week. that was -- >> did we really? david: don't mention infrastructure because of joe biden but we'll get into that later. carol go ahead. >> come on now, david. >> listen guys i think the one thing that we can all agree on is that the economy is strong, and frankly, there are a lot of
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people who are agreeing former president barack obama's auto task force chief even agrees admitting that the strong economy could help president trump win re-election. he wrote this in a new york times op-ed. the economy ranks among the top issues on the minds of voters in a presidential election, and at the moment it appears to offer president trump a meaningful tailwind, so do you guys all agree? david: well clearly it appears the consumer agrees. the question is again what happens between now and the election? i mean, there's a long time this is, bob is a veteran of many more presidential races than i am. >> i think what ratner is saying and carol just reiterated is absolutely true. a major point is about the economy and whose best in foreign policy. today okay there's no question the numbers show strength in president trump and now i can give you reasons why i think the economy is hurting, but i actually am a fan of a strong
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economy and i'm glad gdp is up and wages are up. there's other things people are being hurt on. the democratic party needs a message on the economy, and they are going to have to work on it. david: what would you advise him? >> i would advise him of a few things one i think an infrastructure plan is needed and i think actually the democratic party would do a deal with trump, i think it's best for the economy and it's best for the country. i would absolutely work on the student loan there's over 1.4 trillion in student loans people are choosing between tuition and putting food on the table. four out of ten individuals cannot be, are not ready for an emergency. there are a lot of things that are not going well. you and i have had this argument or this debate. trickle down economics in my opinion absolutely does not work , and it is not working today. now that's a different argument on whether supply side economics works or not. david: right. >> robert, sorry, christina you go ahead. david: no go ahead john. >> robert i agree with you
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about the economy being the most important thing here i don't agree with you necessarily about foreign policy because unless there's a foreign policy mistake by the president that creates a war on this trade war it escalates significantly and effects the economy, i don't think that foreign policy necessarily is go ping to be on the table what determines the 2020 election i think it's the economy and if the economy is good i just don't think the democrats -- >> the only reason i bring up the foreign poll is in 2007 and 2008 it was all about the iraq war and then 2008 came and lehman brothers came and it shifted to the economy. we're not sure whether it's going to be north korea and iran or china and the middle east. my only point is those are usually the two main levers. today i would agree it's mainly the economy. david: quick, go ahead. >> i was just going to say that i think the economy is strong and if it continues to be strong that's a huge tailwind but two issues to be on the lookout for. healthcare, and i hate to say it but abortion as well. >> well we won't open that can of worms right now. david: meanwhile a judge
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blocking federal funding for president trump's border wall, but could the wall get built without the government or your taxpayer dollars? one group says they can do it. we'll tell you about that coming up.
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>> this is the first time any private organization has built border wall on private land and it's happening here in the el paso area. the army corps of engineers said that piece of land is too rugged to build on you can't build there so we build the wall and proved them wrong and the wall has been going up over the weekend. we're working 24/7 over the holiday weekend to give america a present on this memorial day. david: that was former kansas secretary of state chris koback talking about private industries stepping in where the government, at least so far, couldn't. the group we build the wall, built fencing outside of el paso and they say they did it faster and cheaper than the government could, so far the group raised over $22 million on gofundme and yesterday, the group completed half a mile of an 18-foot high steel-barred wall. they say the new section fills in a gap on the u.s. mexico border so is this another example of what private industry
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could and should do rather than the government? >> absolutely not. this is not something where the private industry shows they do things better than the government which isn't anybody's surprise but if you're built half a mile with that wall you still have 1,953.5 miles left to build on the mexican border. look this is ridiculous that we've gotten to this point that citizens feel like they have to form a malitia, build a wall or something for their own safety or whatever it is they're building it for and even if we build a wall, you can not build a wall. the army corps of engineers is correct about that. you still have 860,000 people backed up in amnesty cases and you still have 11 to 12 million people in this country illegally we have to deal with a wall is certainly part of it but it shouldn't be citizens building that. we need comprehensive immigration reform which no one is proposing right now and it's shameful on our government that we don't have that. david: it is. >> which shows that you've got the private sector overlooking that putting up a wall that the
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quality could be compromised. this wall was, the money came from a gofundme page like we heard in the intro. its been started since december. they've averaged about $67 per donation to the tune of about $22 million, they've only put up about half a mile but they're saying it's cheaper it cost us about 6 million to put up but the main contractor, that's what i'm concerned about the main contractor is fish erin dust are s i don't know if that's familiar because that's what the president pushed forward in the past to become the main contractor for this wall so this could be a publicity stunt, for this company, and say look how fast we did it look how quickly we could put up half a mile why don't you give us the contract for the full border. >> it feels like a bad use of money so if you are trying to raise $1 billion, and you raise 22 million, you are still 978 million short from what your goal was. not really sure why chris koback
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thinks this was more when you are nowhere near your goal. i actually think they should give back the 22 million. >> oh. >> oh, god yeah everybody here hates the entrepreneurial spirit >> no. >> i think this is amazing people came together. they raised money, volunteers went out and they showed something could get done more effectively, more efficiently, more quickly, and i think that this is a fantastic and maybe this puts pressure on the government to get its act together and to do immigration reform and if not, it gives us another solution, because at the end of the day, the government is always ineffective. they're always inefficient and they always do a bad job. >> a half a mile of wall honestly, let me finish. it's not going to build. a half a mile -- >> it's a proof of concept, if you got donald trump on twitter asking for the donations to gofundme you don't think that we could raise more than $22 million and do a substantial portion? david: so what's next a malitia
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>> right i don't understand. i'm only responding to you think this half mile will bring immigration reform that's just not happening. david: hold on a second because there is one group besides carol and myself by the way who approve of this. i'm for everybody taking a part in this, but the border patrol agents, the border patrol agents one like anybody here puts their lives on the line every single day, protecting our border and trying to make some sense out of this mess that is the border and i would think john, for example, that you being a texan would appreciate that. >> i'm pretty sure the fact that our border agents are doing a wonderful job and should be saluted for the job they are doing and i think i can't read their minds is that they want awareness raised for what the issue is going on because they are all saying 100% are saying this is a crisis going on at the border. i just don't think the citizens should be building walls. i don't think citizens should be armed defending our border asthma lush a either. i think the government has a role to do this.
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david: but they are participat ing in that role, john that's the point what if they're not able to participate either because of a judge or because democratic squabbling or whatever. >> but what's the answer, david david: well this might be the answer. who knows at least it's a start. look, i know it's a long way to go and robert is absolutely right. i mean it's a ridiculously small part of what has to be done. on the other hand somebody is doing something and that should be appreciated. >> but don't you agree citizens arming themselves is incorrect? david: that's a separate issue. this is the wall. >> to john's point he might be thinking a little bit long term. this is the beginning step you have civilians building a wall, what's next and then you'll start protecting are they going to become contractors that eventually will start to pay out david: so on private property and people are pro teching their own property, i'm in favor of our ability of citizens to do that. >> these are people taking action and putting their money where their mouth is.
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we have so many people always spewing rhetoric this is somebody taking action. we should applaud people taking action it doesn't about solve our government for the responsibility for doing something but if they don't do something i am proud that fellow americans have gone out and done this. david: it's better better than what's between politicians i'm so sick of that i just want to close my ears to all that noise meanwhile president trump keeping up with his attacks on joe biden and this time, it's over a bill, that biden worked on over 20 years ago in the senate. the impact this could have on his campaign, coming next.
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streets. david: because of statements like that that president trump is now slamming then delaware senator joe biden for his support of a controversial crime bill 25 years ago the president tweeting in part, "anyone associated with a 1994 crime bill will not have a chance of being elected." super predator was the term associated with the 1,994 crime bill that slope it joe biden was so heavily involved in passing, it was a dark period in american history but has sleepy joe apologized? no. so could this hurt biden's chances at the 2020 nomination? >> i find it interesting that the president was in japan and he's tweeting about vice president joe biden. i mean, i don't know if it's because right now he's down in the polls by 8% to 10% against biden or that in his own vote in 2016 with the african american population he got less than 8% and i know that a lot of people now are bringing up the central park 5 documentary about where he thought they should --
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david: but stick to biden though. >> i'm just responding to that tweet in japan. david: could this hurt his chances? >> i think that it's 550 days away and vice president biden is going to go through a tough primary and have to respond to all of his past, just like president trump, you know, in his own way tweeted about his views. >> robert that was an excellent tango dance, i didn't know that you knew the latin dances there. i will answer the question, i do think that this is going to be an issue for biden because one of the best paths to victory for president trump is to have low turnout, and i see that video that you played david and to me that is a great campaign adam: and i think that if you continue to run things like that that's something that could keep the turnout low and i think that at the end of the day that benefits trump. >> i think i'm just going to say the fact that you'd mentioned he's tweeting across the globe essentially which
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shows that biden is on the top of his mind, especially when you have the president that campaign ed on being tough on criminals but at the same time arguing that here is a candidate that has been too tough on criminals in the past. if you have biden that has said in that reform package in 1994 that it actually did help because there was an assault weapons ban and a limited number of bullets in a clip so he's not going to backtrack too much on that. david: you don't think he will? >> he hasn't thus far and this is very recently saying i'm the only guy to beat the nra. >> in the most recent polls away from president trump just within the democratic party, i mean he's number one with the african american votes. >> biden is? >> biden is in south korea. he was the vice president for barack obama for eight years. david: but could this hurt him in the commanding lead that he now has, with african americans? >> i don't think so david.
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that 994 bill was not controversial, everybody was for it. one was like joe biden was for it everybody thought it was a good idea. it turned out to be a horrible idea. we took almost the exact amount of money out of public housing and put it into prisons because our prison population increased dramatically after that bill was passed but the bill at the time was not controversial. people were wrong about that. i don't think joe biden is judged on that because nobody else from that era looks at that and is blamed for it as well. he's going to be judged on how he ran, he was in office with president obama because that's what the he's more closely associated with. david: the fact is that there were big problems with that bill we all agree on that but at the same time, we had a big problem with crime folks. we had 2,200 murders every year, of innocent human being being pulled every year in new york and this crime bill is why we have less than 400 being murdered. honestly when you think about the thousands of lives that have
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been saved as a result of the broken windows theory and other things like this, some people would say it's a fair trade-off. i don't know carol? >> i live in chicago. it certainly hasn't helped the crime here anyway and i think that people -- david: that might be a local problem. >> people are going back and re litigating the past and what happened to people in their yearbooks when they were 16 years old you don't think they will go back and relitigate this they absolutely will and i think you're fool hearted to believe this won't come up if he is the nominee this is an issue and people will have a hard time coming to support him. >> i would say everyone should see what simone sanders said today about this. she is on the vice president biden's campaign team. she was on bernie sanders team last and she switched. she was very clear that listen, let's look at what the president is doing for african americans
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and what joe biden did the last eight years and people want to be more current. david: best jobs situation for african americans in history. meanwhile attorney michael avana ti facing two arraignments today a live report from lower manhattan on how he's pleading to defrauding porn star stormy daniels attempting extort millions from nike. both charges, next. patients that i see that complain about dry mouth,
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david: michael avanati found himself on the wrong side of two court rooms being accused of trying to extort money from nike and trying to defraud his former client porn star stormy daniels. jackie what's the latest? >> reporter: david in back to back arraignments he was pretty calm, but fiery press conference at the end of the day, where
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michael appeared to lay the blame for his troubles on the president. in court he pleaded "100% not guilty" to charges he tried to shakedown nike for up politico $25 million threatening to release damaging information ahead of nike's quarterly earnings call and the start of the ncaa mens college basketball tournament and prosecutors say he told the company's lawyers he wasn't messing around and if they didn't pay up he would take $10 billion off nike's market cap and earlier today he plead not guilty to wire fraud and prosecutors say he took money to go to daniels for her book deal, spent it and then hounded the publisher for the next payment to reimburse what he had taken and he's accused of taking about $300,000 of daniels money by having the payment sent to his account, faking her significant and spending it on things like ferrari payments, hotels, restaurants even payroll checks to employees at his coffee company and law firm. he's accused of taking a total
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of nearly $300,000. today he maintained that he is innocent. >> i intend on fighting these charges and i'm looking forward to a verdict in each of these cases. i am confident that when a jury of my peers passes judgment on my conduct, that justice will be donald i will be fully exonerated. >> reporter: if he is convicted of all of the charges that stem from the southern district of new york he could go to jail for 69 years but remember he's also facing charges out of california for alleged tax fraud as well as stealing from other clients including a paraplegic man making for a combined possible total sentence of 404 years in prison david? david: unbelievable jackie thank you very much. joining us now is former federal prosecutor doug burns so he says he's going to be fully exonerated. how likely is that, doug?
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>> here is where i come out on it first of course we respect the presumption of innocence, second we don't pre-judge a case ; however, i, myself would not be honest, if i didn't tell you when you're facing three cases that's a huge uphill battle okay? that's much, much more difficult than facing one case, and then of course the federal court aspect, the old cliche don't make a federal case out of something and that cliche exists for a reason because in federal court the cases have much more resources much more meticulously put together so any lawyer will tell you and i've seen many colleagues talking about this, i mean this guy is in deep legal trouble obviously. david: christina? >> well the fact that he defrauded possibly five people in california, this nike extortion, four cases related to charges related to extortion i was reading the indictment and fascinating that he was it there ening them saying he's going to
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have a press conference right before their earnings call and he needs to buy their silence. do you think because we're talking about it on air because he's stolen from a paraplegic because he's stolen from stormy daniels that that's going to really weigh heavily and i know you're not supposed to pre-judge but i feel like i'm maybe already and other people are too >> that's okay honestly -- as a lawyer again sort of a broken record i sit her and say okay once we get to the courtroom, and we see the evidence, don't discount him taking some type of plea deal and let's not all go crazy but that's entirely possible. you get into the weeds of federal sentencing, federal sentencing guidelines and the way it all works is an aggregat ed identity, and it's a two year minimum mandatory consecutive, and sometimes will bargain that away so again it's a little too complicated to talk about very quickly but assuming for the sake of argument as you just pointed out i agree with you when you turn around and say he defrauded somebody who was a
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paraplegic, i thought i'm sorry. >> well i've never been a fan. i continue not to be a fan. i mean, i think that the idea that we still give this guy any media attention although he's everywhere, everywhere so we have to. it's just unbelievable to me because this guy just, i mean i think he just goes as low as you can go. >> you make a really good point of course which is let's talk about perspective jurors and the point is they saw this guy go on tv. i was trying to add up compared to how many times i go on 108 times in two months so let's face it, but the point is people are somewhat "glee" full about this' fall and he was parading around but same old broken record we'll see what the evidence looks like. >> doug i want to actually build on that for a second it's carol. given the fact that he was such a fixture on mainstream media
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and he's been so loud and so out there, if he is found guilty, do you think that the judge is likely to try to make an example out of him, given the fact that he has this higher profile? >> it's an excellent point. in my field and you guys may chuckle and laugh, one of the absolutely cardinal rules is you don't keep your head down, draw attention to yourself. david: exactly the opposite. >> if you're in a white collar case and you make a lot of money you don't start buying rolls royces and yachts, so keep your head down so this guy, he was parading around heavily on and on media saturation and i've never seen guests on tv that much obviously. >> i think they said his company made over 125 million, he made over 30 million and he paid zero taxes. >> that's going to really get you in trouble and the point is that's not keeping your head down obviously. >> but doug when you got all these bad things, whether they pes retrue or not we'll go with the presumption of innocence as
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we do in america even though i certainly have my belief. how do you find a jury pool? going back to your point earlier , that is not prejudice by this and do you really want a jury that doesn't know anything about this because of they don't know anything about this they don't know much about the world. >> john that's a very good question and when you get these media saturation cases when you go into jury selection i often explain that the test can't be let's find people who haven't heard about this because that's impossible you'd have to try the case on mars and then not dismiss it so the real legal test is notwithstanding that you heard about it and saw them on tv, can you put that aside and be fair and you have to respect that people answer that in good faith but there is some bias as john points out. david: we didn't even talk about mark garigos, he's also implicated partially in all of this but we'll bring you back to talk about that. medicare for all has become a standard rallying cry on the campaign trail but now one non-
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profit non-partisan health group is sounding an alarm. a policy expert auteciouser family foundation says these proposals go far beyond what other countries are doing now and that should raise some questions he'll join us next. a? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy. look at the interior. this is nice. this is my sexy mom car. i would feel like a cool dad. it's just really chic. i love this thing. it's gorgeous. i would pull up in this in a heartbeat. i want one of these. that is sharp. the all-new chevy blazer. speaks for itself. i don't know who they got to design this but give them a cookie and a star.
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david: several 2020 democrats
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continue to push for medicare for all, in the campaign trail, bernie sanders outlining specifics about his plan, in the town hall in new hampshire this afternoon. listen. >> what i believe is we should move to a medicare for all system, which does the following first thought, it will improve medicare for the elderly by covering dental care, eye glasses, and hearing aids. in its first year, it bill lower the age of eligibility for medicare from 65 to 55, cover all of the children in one program, move cover everybody in america. david: his health policy expert at the non-partisan kaiser family foundation his current proposals leap frog what other countries in the world are doing and he joins us now larry
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this raises questions about how realistic these proposals are, right? >> yeah if you look at the current health care system the u.s. is definitely an outlier with the rest of the world. we don't cover everyone we spend twice as much as we have lower life expectancy but these medicare for all proposals like from senator sanders would do what other countries haven't done eliminate deductibles and co-pays entirely and private insurance and that's not something these other countries do. >> larry it's carol. on the pharmaceutical side of the equation one of the reasons that cots are so high or at least it seems to be is the fact that we subsidize the cost on a global basis americans pay so much more for a drug here in the u.s. then it seems to be anywhere else in the world. is there a reason why that's happening? is there something that could be done outside of medicare for all >> well you know we do pay higher prices for drugs, higher prices for everything in healthcare, hospitals, physician services lab tests and you know it's a matter of your
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perspective, are we paying prices too high or the other countries paying prices that are too low, one thing that's different is these other countries all have a much bigger role for government in controlling the price of drugs, and if we did that through medicare for all the prices would likely come down it's a good chances prices in the other countries would come up too. >> larry what is the middle ground here because the numbers are the numbers you quoted numbers we paid more for health care, but this plan goes way beyond what other countries do. what would be the optimal plan for the united states if you were to take this and say here is what we should spend and here is what we get out of it. >> well i think what you're saying is some of the democratic candidates gravitating towards something of a middle ground so medicare for more, making medicare for all optional, not requiring everyone to go into the government plan. >> we see very recently the president alluding to maybe an executive order for the diswhich sure of prices of drugs which is something that we talk about
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often and we need to know how much we're spending but overall if you were to pinpoint off of the kaiser polls that you put forward what are the most concerning factors for voters what do people care about the most because medicare for all is a blanket statement and there's a lot that goes on in the united states so what is at the top of mind for a lot of americans. >> across-the-board democrat republicans, independents are the things that is top of mind in health care is reducing costs and improving affordability no question about it. >> larry it's robert wolf thanks for mentioning there aren't many democrats would don't support medicare for alex tend the public option. what do you think of something like the medicare x program where you lower the age to 50 as a start as opposed to medicare for all? >> there are a number of these on the table, give anyone buying their own insurance the option of joining medicare, give employers the option of buying
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into medicare, and these are i think we'll increasingly see democratic candidates talking about some of these optional proposals americans don't like to be told what to do so giving people the choice but not requiring it, you know, certainly polls much better medicare for all gets majority support but these optional proposals get three-quarters of the public supporting them. >> one thing i can't stand to hear is free health care. doctors have to be paid, hospitals require a lot of money et cetera et cetera on and on. somebody is going to have to pay for medicare for all. how will, how much will taxes go up forget about who pays for it exactly right now, but how much will taxes have to go up to pay for medicare for all? >> yeah, so medicare for all would eliminate deductible and co-pay so it would make health care free at the point people actually get the health care but no nothings free. it would cost money to do that. there are various estimates out there from both the left and the right, and generally around
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$30 trillion over 10 years would be the increased government cost under medicare for all. >> that could be a cost but then if you compare it to the cost and society thus far is people in the dying or not being able to get the proper care, or opioid deaths and all that i think that maybe that cost could be justified. david: if assuming of course that medical care improves as a result of that. >> right. >> but it's a trade-off. medicare for all is universal coverage but yeah, it costs money you can't getaway from that. >> larry klayman you talk about what the idea of being able to buy pharmaceuticals cross dashboarder and make it a more competitive environment to buy pharmaceuticals? >> yeah, i mean it comes back to that issue that drug prices here are higher than any other country in the world for exactly the same drugs and there have been various proposals to allow people to buy from across-the-boarder. the challenge has always been ensuring the safety of those
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drugs and where they're coming from and at least up until now, fda commissioners have not been comfortable doing that. >> what about free market competition across-the-board? one of the things we're not hearing enough of is opening up competition so that we don't have a healthcare insurance market that is restricted and we have the ability for something of a more competitive marketplace to take place which we know does bring cots down. >> yeah, i mean, i think in selling insurance across state lines that often happens today. the big companies are operating in multiple states, but what doesn't happen is transparency and prices for hospital care, physician care people don't know what they're going to pay before they get care, and there are proposals for both left and right for president trump and democrats to increase transparency. david: larry great to have you on, we really appreciate it please come back and see us again. >> any time thanks. david: thank you very much. well we've all felt it now for
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the first time ever the world health organization officially recognizing a common workplace ailment as a real medical condition, but could it get you another day off? details coming next. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2.
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stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. . . .
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david: perhaps the best reason to take time off work burnout syndrome is officially recognized by the world health
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organization as legitimate medical condition. who is defining burnout, a quote, feelings of energy depletion or exhaustion. increased mental distance from one's job, feeling of negativism or cynicism. producing professional efficacy. burnout is making us worse at our jobs. what do you think about this? >> this is good we talk about this this is mental health awareness month. a lot of people go through issues at work. this is something that should be discussed more often on a business channel. this definition burnout is separate from mental health disorder, separate from depression. there is lot of onus put on health officials to determine whether it is not anxiety or depression. >> i'm not loving it. i grew up in solomon brothers. you had to entertain every night. i don't know. maybe given a different term than burnout. i don't know. >> i agree. i think stupid ought to be a medical condition.
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work-life balance, modern-day therapists come up to find the inner zen drives me absolutely crazy. we're not working with black lung in carnegie steel mills anymore. david: good point. >> in you don't like work hard, work somewhere else. don't use it as medical condition. it is lazy. >> burnout is a real thing. we awe felt it. but to make it a medical condition, fact only a medical condition if it only happens at work not anywhere else sounds like a giant scam. it sounds a way for doctors write prescriptions for overly medicated people. david: kristina. >> i was focusing on medical health. we have burnout, toughen up like john, i agree with. talking about mental health. >> mental health is different to me, kristina. you're right. david: who is describing it as a disease, something as robert said is something that you just have to work in the trenches to overcome, right?
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>> exactly. self-care is the thing. you have to find some way to balance yourself over time. sometimes you work harder. sometimes you take a vacation. that onus is on you. david: i agree. that does it for "bulls & bears." see you tomorrow. >> to japan and back. tonight many more questions about what happened in between. president trump agreeing with the criticisms levy the by north korea against a former vice president. tonight joe biden is responding. storms across much of the heartland into the midwest and beyond. deadly yesterday. millions are looking to the skies and radars once again, the recovery efforts and forecast coming up. also, are you burned out from work? turns out there might be a doctor for that. the new medical diagnosis and why it has some serious worldwide backing. good evening i'm blake burman in

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