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tv   Bulls Bears  FOX Business  August 26, 2019 5:00pm-6:00pm EDT

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>> they always bring it back to the millennials. connell: it's not your fault. >> i'm not taking any blame. connell: thanks for joining us today and bulls & bears starts right now. david: breaking news tonight a historic verdict a judge just ruling that johnson & johnson has got to pay out $572 million for its part in fueling oklahoma 's opioid crisis. j & j blasting the decision moments ago good evening i'm david asman, this is bulls & bears thanks for joining us. let's get right to grady who has all of the details. greenland? >> well it wasn't the $17 billion the state was hoping for but it was still a large and landmark ruling because this is the first time that i state has taken a drugmaker all the way to trial and also as a result of the verdict today, the first time the state has won, so as we
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mentioned, we'll put that number on the screen right now, $572 million that j & j is ordered to pay out to the state of oklahoma as a result of this lawsuit. basically the state argued that oklahoma or rather the drugmaker , j & j, was a public nuisance by aggress every market ing opioids down playing the risk of them and then essentially flooding the market with the painkillers, and part of the cause for some 6,000 people who died since 2000 in oklahoma as a result of the opioid epidemic. so we've been hearing from both sides after this verdict was reached today, and we want to get to a quote from the state attorney or rather the attorney general who tried this case, and was satisfied with the results. >> we can't change the past. we can never bring back those who lost their lives because johnson & johnson executives made the calculated and cold blooded decision that they were going to produce a mutant strain
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of coffee, corner the market and supply massive amounts of the active ingredients for other companies to manufacture opioids around the nation and in oklahoma. reporter: and as we speak, attorneys for johnson & johnson are giving their side and they released a statement today i want to read that to you. it says the subsidiary the pharmaceutical side of johnson & johnson did not cause the opioid crisis in oklahoma and neither the fact nor the law support the outcome so they have vowed to appeal this decision and at the same time they say they're not paying any of the money until that appeal goes through, but if the appeal does go through the state says it's going to use that $572 million to help with drug addiction treatment and prevention in the future in oklahoma and there is still a lot of lawsuits tied up in other states, particularly, in ohio where a federal judge has 2,000 suits set to be tried together in october.
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that is kind of in limbo right now, as we wait to see what they're going to do. are they going to settle outside of court or does this give them the confidence they could win in civil court, david? david: let's bring in our panel zachary, jonathan hoenig, carol roth and john burnette. as we just heard 572 million it's a lot of money but it's just a fraction of the original $17 billion lawsuit, stocks are popping, the stock pop is a result of that. it's actually come down and initially after the ruling, it was up over 4%. its come down to still a healthy 1.9%, so did the judge get it right, jonathan what do you think? >> well david ursino have to imagine at least some of that initial pop was just because of the fact this could have been so much worse. once again the state asked for billions of dollars and they got essentially about half of a billion but the prospect for even more court cases, cases in other states are one reason why we seen the stock come down once
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again and to the point made in grady's piece there's a lot of factors that go into the opioid epidemic and interestingly medical use is not the major cause of addiction or overdose and my fear is that all this attention, all this regulation is going to mean these drugs are less available to those who actually need them for medical care. >> yeah that's exactly the point, jonathan. imagine this is alcohol, 7% of the adult population has a problem with alcohol more than 8 million people are bona fide alcoholics so does that mean that every manufacturer of an adult beverage is now liable for that? i don't think so. i think that this is a mistake. at the end of the day, there's an intermediary here, that's the doctors, and the doctors clearly weren't doing their jobs. either they were prescribing too much, they were prescribing drugs that were able to get on to the secondary market, and this does not seem like an issue with johnson & johnson if these are dangerous substances they shouldn't be legal, but if they are okay, then the doctors need to do their jobs. david: let's talk to a doctor.
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joining us now is family and emergency medicine dr. neshuwa, so first of all your reaction to the verdict? >> well i think it needed to be done. i think it's quite appropriate because we need that money to put towards rehab, detox, prevention, education, and we have seen this happen before. remember when the big tobacco companies were sued many years ago because of the huge health burden that they put on the healthcare. david: what about carol's thing that it should be on the doctor? >> i think she's absolutely wrong respectfully. this is the fault of everyone. doctors, patients, pharmacists, the pharmaceutical companies, families and relatives that leave their medicines out in the medicine cabinet for people to use, but we need more education. doctors have to take education classes on how to properly prescribe these medicine, and also, patients need to be held accountable as well to make sure they're not misusing their prescription medicine, but some of them will need medicines for cancer, or fractures or post-op
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pain so these are needed for some people and have to be used appropriately. >> but the doctors aren't being sued. >> they are and they should be if you're overprescribing and not by the standards of care then yes. david: at least one doctor is in jail for life right now as we saw on 60 minutes. >> but with j & j, this is the reality here, right? j & j already factored in in terms of an impact analysis to look at oklahoma, ohio, and other states to see pretty much what the exposure is, and they've already accumulated a huge reserve this $572 million is a drop in the bucket and they might actually drive it even further down in the appeal, so we don't actually know where this is exactly going. david: zachary? >> yeah, i do wonder and i want to harp on carol's point as well like many people i had knee surgery a bunch of years ago and i got prescribed 50 oxy couldn't couldn't in for pain post of and they just handed me 50 and i
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took one and i think i was gone r to the weekend and that was not johnson add johnson or a pharmaceutical company handing me those. that was a hospital and a doctor , and i guess the fact that there's blame to go around and we are a society, but you go on alcohol, and you don't sue and if you're a minor, you absolutely can hold someone who sold that to you responsible so i don't understand why we're not looking more at the transmission point rather than the production point. >> we need to look at every aspect of where these pills are coming from not just doctors prescribing them. also there's an effort to reduce the amount of prescriptions written, opioid prescriptions written by about a third, in addition to that for example, in the state of new york, these are the type of measures taken to drive down prescriptions being written. we can only prescribe a few days at a time. that is the law and if i'm going to prescribe a narcotic i have to type in the patient's name, and into a prescription monitor ing database and i have to also use this electronic key
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where i press it, it gives me a six digit number and i have to electronically send it to a farms but i can't do any of that unless i do a five minute research on this patient to make sure they aren't doctor hopping, but these are the type of measures we have to take and we have to educate doctors, because these pharmaceutical companies advertise these drugs -- >> but doctor, i have to interrupt. aren't all those efforts you described all the paperwork -- >> that's being done now in the past year. >> but isn't that exactly the point, making these drugs which even you pointed out are needed for people in many cases? isn't it making it even more difficult and more cumbersome for them to get and why in many cases they are turning to the more available synthetics which are really addictive causing even more problems? >> it shouldn't make it more difficult to obtain. if you are compliant and you don't doctor shop and you have follow-ups with your doctor and if you see that you have chronic pain and you'll need further care then at that point you should know to have you follow-up with a pain specialist
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, but we can't, you know, deprive those who need their medicine. we have to just follow them closely, and make sure we're not jumping to narcotics as first-line drugs. use alternatives. david: we just put up a figure there. 2,000 lawsuits more to go. this is, it may get to the point where pharmaceuticals as well as doctor, are reluctant to prescribe these because they're afraid about being sued. >> it's about being responsible and doing the right thing. i've maybe prescribed three narcotics this year and they were for broken bones and a post -op patient so we just need to educate the doctors, educate patients, put black box warnings on these opioid prescriptions, they are limited just new york it's only seven days maximum, new jersey it's five days, and we just have to monitor and i think this is a good thing that's happening to help curb this epidemic because thousands of people are dying from opioid
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overdoses. >> doctor, obviously there are plenty of controlled substances that doctors prescribe that would have adverse effects for patients. it's not just these. doctors take an oath that they won't do anything that would harm a patient. i mean, do you really think that doctors were prescribing hundreds of these, or thousands of these to patients and not knowing that that's an issue and if that's the case, how is that johnson & johnson's fault? >> again i think this is everyone's fault. everyone has pain at different levels. if you're having surge surgery like a knee replacement that can cause severe pain and everyone's pain tolerance is different. some people might just need one or two days worth. some people might need two or three weeks worth. that's why follow-up is important and most surgeons that prescribe these narcotics after surgery, they do it based on previous experiences. patients need more than two or three days after having their body cut open and broken, you know, and if you have a broken bone, so everyone is different but we can't just place the blame on doctors.
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everyone has to take responsibility, not just doctors , not just the pharmaceutical companies. i also think that the way that these medicine were marketed towards doctors, sometimes drug reps will come out. david: and when you're in a hospital, zach and i both had knee surgery. i had an acl, i don't know about you but when i was in the hospital i had the same experience zach that you did. i was just given all these pills in the hospital. i didn't even ask for them, and i actually i was in the hospital for about six days and i didn't realize when i went home i didn't have the pills any more. i became addicted. i had a little withdrawal after i took them. i wasn't smart like zach. i took one every day. >> well the times have changed. >> i ended up disposing of all of them down the toilet which obviously was a terrible use of what could have been an extremely use of a black market sale. david: now, now, we won't go there. >> the point is you get these drugs, right? there are lots of people who
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know that they can get an excess amount of drugs, and turn around and sell them. david: it does happen. doctor thank you very much for being here. good discussion, panel. the signs of life in the trade war discussions, just days after the president announcing he was dramatically raising tariffs on china. proof the president's pressure campaign is working. >> this has to be a deal that's better for us, and if it's not better, let's not do business together. ♪ all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense. pet insurance, wait, let me guess... flea flicker. yes! how'd you know? studying my playbook?
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we never stop working to keep them out. terminix. defenders of home. david: it's a great stock day stocks rallying being as president trump says that china wants to come back to the table for trade talks this after the president announcing a new tariff hike on friday. trump continued his pressure campaign at the g7 earlier today listen. president trump: president xi is very outstanding in so many ways but i tell it very strongly.
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i said look, you're starting up here and you're making 500 billion a year and stealing our intellectual property. we're down on the floor, lower than the floor. make a 50/50 deal. this has to be a deal that's better for us and if it's not better let's not do business together. i don't want to do business. david: so, the tough language continues but are markets adjusting, to all of the bluster on trade? >> the poor markets are exhausted. they don't know what to make of any of this because every day, you know today we're best friends, last week we were worst enemies and we don't know where this is going. i think as long as there's not further escalation and we can bring it back to a point of somewhat calmness, let's say we don't engage in these tariff increases in october and december, and it just kind of sits out there. i think the markets would be okay with that. it's when we get these
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escalations that really create a big issue for us. >> and carol, no one knows this is literally trade policy which has hundreds and hundreds of billions of dollars it's being made up on a day by day basis. one day the tariffs are off, next day they are on, one day the president feels concerned about the president, the next day not. one thing we do know david schweikert this is having an effect on the economy. the president doesn't say so but we know for example, the trade deficit is as wide as its ever been. we know that americans are paying hundreds of billions of dollars, 100-plus in tariffs, u.s. steel laying off workers and even jpmorgan has estimated the cost to every day americans, hard to make the case that the market is adjusting. it's swinging pretty widely though. >> yeah it's also a very strange rhetoric that's being used and this idea that we are down here and china is up there. i mean, the united states is so by far the largest economy in the world, sometimes china if you adjust the purchasing power, but that's only if you adjust
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significantly for it and the idea that like china has made all of this stuff, and just sold $500 billion of excess stuff to the united states, that we otherwise would have produced when a huge percentage of that 500 billion are american companies, that source production in china, but also derive huge benefit as the consumers in terms of lower prices. it's an extremely odd optic, if not utterly incorrect, in that we are not down here. we are not like the world's door matt. david: wait, wait, wait, i've just got to clarify something that president was not saying our economy was lower than there's. it was talking about the trade deficit with china on goods themselves, not about their economy being better than or bigger than our economy, but carol i think you have another twist to all of this? >> yeah, well speaking of international deal, david, the u.s. and french officials are also reaching a deal on france's digital text. now under the deal france will soon drop the tax and refund u.s. companies some of the money
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so john, do you think that this is another win for the president 's pressure campaign? >> i think it is. when you look at what france is trying to do here, it's a drop in the bucket with respect to the amount of taxation, but we don't want to start a trend going down that path of this global taxation, because it actually hurts america more than anywhere else. >> yeah but is it exactly that? the president to his credit got macron to take out that digital tax but it's just going to be, it's going to be replaced by a tax from the oecd, so it's not that the president has gotten rid of the tax. it's just taxed by another organization, and i don't know i'd like to see the president perhaps stand up and say stop with the taxes. david: well remember though, remember jonathan today he was asked whether or not this means that now they aren't doing the digital tax, will he take off the table the tax or the tariff on french wine, and he didn't
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say no. so he's leaving that hanging over those situations. >> well just like the president does, he leaves the door open. he might actually use this as leverage not only to do trade and do business with france, but also, figure out what else he can do with respect to the climate change deal, iranian re negotiation. he likes to actually use different things cross- functionally. david: we're talking a lot more about climate change coming up meanwhile the dnc rejecting a major proposal allowing more democrat presidential debates or at least a town hall in a move that crit beings say helps front runner joe biden. what's really going on here?
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david: well it looked like a great deal for democrats, top tier democrat candidates getting a chance to show off their green deals in a primetime town hall on climate change, but the democrat national committee voted saturday to turn down the offer in a move that candidates is as baffling as it is alarming some critics say the decision is to help 2020 front runner joe biden whose climate plan is not nearly as free spending as his progressive competitors, and others saying voters just might get turned off by policies to keep calling for the elimination of a fossil fuel industry that employs millions of americans, and has been revitalized under president trump, so what's really going on here? >> well so far climate change is 0-2 with respect to democrats first when they voted on the green new deal, i think 43 democrats voted present, right? and then here, you have
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candidates on stage, as well as lawmakers like aoc saying that the world is going to end in 10 years. if something is that important how do you actually not discuss it? they should at least devote at least one hour for the next debate to discuss climate change but do you know who this helps? this helps vice president biden. why? because he has the most lenient probably the plan with respect to climate change and the others are again claiming that the world is on fire, the world is going to end in 10 years and do you know what? the working class americans are saying do you know what? i like the fact that america is the leader in terms of fossil fuel production. why? because my gas prices are lower. that's actually a tax cut. they don't want to see their taxes raised, and do you know what? they also don't want to be out of a job. 6 million plus jobs will be lost >> yeah well of course a lot more jobs than that will be lost
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if severe climate change happens at the rate that it's currently happening so there is an environmental issue here that sort of transcends the short-term tax, but look, notwithstanding the dnc simply has the position they're not going to do single issue debates and that's what they made this on. there is actually a forum at georgetown with the number of presidential candidates participate on or be televised in september so it's not like these candidates can't have a debate. the dnc is saying they won't sanction it and this is not a defense of the dnc so don't put me in that particular box, because i'm not going to have it and i'm just saying they had this long policy they wouldn't do it on nuclear weapons. david: they were going ahead. go ahead, carol. >> i've got my political super secret decoder so let me tell you what's going on. first thing is the democratic party isn't very democratic. the second reason they don't want to have these single issue debates is because their ideas aren't very good and they are
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more educated the people get on these issues they can see the fact that the candidates are completely lunatics with some of the ideas and the cost behind them they don't want people to know that so of course they don't want a deep dive into any of these issues it doesn't help the democratic party when the runs against trump. >> and really that number one super emotional issue very possible with young people but as you said it, time and time again, these claims, and zach was making another one that is going to be catastrophic terrible things, they said the same thing in 1970 and they were predicting mass starvation, we didn't get any of these predictions we never do and the dnc is rightly realizing that if they provide the rest of us with a whole hour, worth of these dire predictions and saying you shouldn't drive cars or fly on airplanes any more that won't play. david: i think it's simple mathematics. hold on a second. there's 6 million jobs in the fossil fuel industry.
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6 million that includes mining, production, energy, transmission , and retail. the gas pumps et cetera. in solar energy you know how many jobs there are in the entire solar industry, 243,000, so you're comparing 6 million voters with 243,000 voters. i think it's a play to the voter s, no? >> yeah, i'll give you another number. there is also a $15 million house that the obamas just bought on an island, so really if they thought that we're going to be under water in 12 years, i really doubt they were making the $15 million investment there they don't want to have a deep dive on that. david: right, right we'll never know. we've got to move on. you heard it here first, folks, larry kudlow telling bulls & bears audience that we could see details of yet another tax cut before the election. well now the president has weigh ed in. when he says we can now expect this tax cut, coming up. >> we are developing, again,
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tax cuts 2.0. david: but larry it seems that the president took 2.0 off the table yesterday. >> well he didn't. david: might we see more tax cuts before the election? >> before the election, yes. fact is, every insurance company 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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david: president trump has a message for the middle class. tax cuts round two are on the way on one condition. the president tweeting out, if republicans take back the house and keep the senate and presidency one of our first
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abouts will be to approve a major middle income tax cut. democrats only want to raise your taxes. now, larry kudlow said a middle class tax cut could become part of the president's re-election platform, when he was on bulls & bears last week, so what could democrats propose to counter this? >> well larry broke news on this show, david but the democrats could have a very easy counter. they could just say they were going to cut the tariffs and they are in fact the tax, being paid by middle class americans. they talked a bit about that but what they will say is that this is a gift to the wealthy it's going to blow up the deficit but if the democrats are going to have a very difficult time whatever problem you have with president trump, democrats will have a hard time to convince anyone that they are anything other than the party of big taxes, and big government. >> yeah, they are going to use the politics of envy playbook. they are going to try and gas light people to say they didn't benefit from the tax cut, even though we know that the majority of people who pay taxes
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, they get a tax cut, they are going to call it a tax cut for the wealthy and say they are going to get rid of that and going to either increase spending, or give tax cuts back to the middle and the poor people, where the money "for their play book" should be long. that is the line they are going to use. you can book it right now. >> yeah, although the fact is the reason that the administration needs to promise a middle class tax cut is because what went on in 2017 was primarily not a middle class tax cut, it was primarily a change to the corporate tax rate, and also, an extremely change to the state deductions in what are predominantly blue states like illinois, new york, new jersey, connecticut, massachusetts, california. it was not primarily a middle class tax cut, if it had been primarily that, carol, then they wouldn't need to promise that they need to have the house and the senate and the white house in order to enact the middle class tax cut, which they've already claimed was enacted but
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wasn't. >> if i could just respond to that for a second, but since zach addressed that to me you know that's not the case. people didn't understand the difference between paying lower taxes all year long and getting a smaller return, so people's financial literacy is making them not understand that they didn't get a tax cut but we do know the majority of people who pay taxes including the middle tax did in fact get -- david: yeah, the tax policy center which is a liberal group found out 65% of taxpayers paid less in taxes but only 6% paid more and they were generally wealthy. go ahead. how can democrats actually run on a tax cut when you have bernie sanders saying that do you know what? your taxes are going to go up. why? because we have to pay for stuff , so i don't see him actually running on this and the fact that president trump is using this strategically, in terms of voting for me is voting for a tax cut. the only thing i disagree i wouldn't call it a middle class
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tax cut. i like a working class tax cut. david: that's a good way of putting it. i like that but also we should note by the way that you add up all of the democrat proposals, whether you're talking the green deals medicare for all, universal
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one of those huge rallies that the president has saying do you want to pay more in taxes? would you like to pay less in taxes? yes! i mean, you could just see that. it's made for one of those rall ies, no? >> that's a perfect appeal to the people. a perfect appeal to the people but what he should be doing though frankly is cutting deficit spending that will not work as well as the rally but realistically,, that's what he should be doing. david: good luck, let's hope that happens some day but i
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don't think it's going to happen any time soon. meanwhile the sec is out with a major warning for the elderly. what you need to know to protect you and your family, that's next are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. they feel like they have to drink a lot of water. patients that i see that complain about dry mouth, medications seem to be the number one cause for dry mouth. dry mouth can cause increased cavities, bad breath, oral irritation. i like to recommend biotene. biotene has a full array of products that replenishes
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the moisture in your mouth. biotene definitely works. it makes patients so much happier. all right brad, once again i have revolutionized the songwriting process. oh, here we go. i know i can't play an instrument, but this... this is my forte. obviously, for auto insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play.
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david: the fcc is out with a brand new warning for the elderly this one involving a medicare scam. fox news david spunt has the latest on this one. reporter: david i sat down with the fcc chairman ajit pai this morning and he wants elderly consumers to know that if someone is calling unannounced talking about medicare benefits to hang up the phone. he says it's a scam. the technology continues to improve making these scam or spoofing calls even more difficult to trace and distinguish from a real call. last year medicare patients began receiving cards with unique numbers in place of social security numbers. now spoofers are calling for those new numbers on the card hoping to take advantage of consumers benefits, and that's medicare fraud. >> what they do is they mask
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that number and make it look like they're calling from a u.s. phone number so you might get a call from your area code the next three digits are the same so it might be coming from your neighborhood and you answer thinking it's the local pharmacy or your child's school but it's a person a world away and that kind of spoofing is essential for some of the scams. >> medicare will never call you unannounced asking for personal information over the phone. now this new warning david a small piece of a larger puzzle with robocalls in general that do not call list, only applies to legitimate telemarketers, so those overseas companies, they don't comply making those calls even more frequent, and frustrating. i know i signed up for that do not call list multiple times. david: you still get them. i got them today actually while i was working on this story. david: they are persistent david thank you very much and again we want to remind folks medicare is never going to call you out of the blue asking for personal information, so lang up if anybody tries to do that but zachary is there any way to
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protect the elderly from these scams? >> you know, i don't think that there is at a governmental level given the rate of technology the fact that a lot of this comes not from domestic telephone exchanges or domestic computer exchanges and without people being aware of what someone can call you and demand versus not, it becomes even more problematic people just need to know there was an irs scam last year where it says pay your taxes in advance or you're going to be arrested. people need to know that enforcement mechanisms particularly governmental ones but even debt collection ones have to follow certain procedure s and cannot do other things. it's going to be impossible in the mid-term for any government or regulatory authority to be ahead of the curve about what people are able to try to scam technologically. >> whether it's the irs medicare or any other government agency this is an opportunity for government to actually, i'm going to say it, work together.
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right? to educate the consumer as well as educate them on protection against fraud, and you do that by customer, i mean consumer outreach, there's a cost involved in that, but they actually pull efforts together and look at it as a holistic problem instead of an individual agency problem, they might be able to create some impact in a positive way. >> but we actually have a business that deals with this so as my future file business we actually have a legacy in which is a system where you put forth your information and your loved ones keep tabs on you and the reality is as parents are aging and we're all living across the country it's really important to keep tabs on what your loved ones are doing. my own father-in-law pays some bills twice and some not at all so by having the information you can monitor to make sure they're not scammed you may not be able to prevent it up front but you can stop it on the back end jonathan. >> look there's scammers out
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there but what you aren't acknowledging is the government programs themselves facilitate the scams. when medicare calls, because when the nigeria people call and say we have $1 million for you, you hang up. david: but medicare doesn't call, jonathan that's the important thing. if you get one, hang up. >> yeah, i know that david but people pose and these government programs are very confusing and very obscure so whether it's the obama mortgage program, remember harp, or tarp, or cash for clunk ers, wherever there is this government intervention you have fraudsters taking advantage. >> but so forth the work together and to educate the patient, right? so the patient -- david: and the children of these people. >> absolutely. >> but the children sometimes they get confused so you have the family meetings, you make sure you're spreading this information, but at the end of the day, even if somebody is really confusing might have
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understood it in a moment they aren't going to understand when they pick up the phone so you as a loved one need to back it up. >> but no one is confused when the guy says and says i'm calling from nigeria i have $1 million. yes, they are, jonathan. yes, they are. david: all i know, all i know is there is a special place in hell for those people that scam the elderly. a special place in hell, and we need to get them somehow. google cracking down on politics at work, but is it just making the companies perceived biases look even worse? with sofi, get your credit cards right- by consolidating your credit card debt into one monthly payment. and get your interest rate right. so you can save big. get a no-fee personal loan up to $100k. you may have gingivitis. when you brush, and the clock could be ticking towards bad breath, receding gums, and possibly...
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david: well save your politics for somewhere else. google issuing new rules for its employees after continued complaints of internal political
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bias, and disruptions in the workplace, in a public memo, the tech giant says "our primary responsibility is to do the work we each have been hired to do, not to spend working time on debates about non-work topics." now, this seems to fly in the face of the free flow of ideas that are usually welcome at google in the past, so is this a smart idea? >> well it's hard to know what this is in reference to. i have these visions now of google employees having fist fights over the water cooler based on the latest trump tweets , so if that's what was going on, the company needs to create some sort of workplace rules of engagement that keep people there focused on as it said the work that they've been hired to do and not extraneous things. the same thing would apply if you had a boston red sox and a yankee fan at a google site engaged in a heated discussion and argument rather than figuring out the latest search algorithm, so if that's what they're talking about i'm not sure this is such a big deal but
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it's hard to know exactly what the context is. >> there used to be an old saying that don't poop where you eat. do you remember that one? it used to be about inter-office relationships but i think this is actually a very smart idea, david. don't bring politic, look i'd prefer if we didn't talk about politics on this show but we've got to. >> [laughter] >> keep business business and workplace workplace and nine times out of 10 you won't convince anyone of anything and to get in an argument with a co- worker you have to work with them the next day. this is a smart move for google. >> there would be a lot of dead airtime. >> i'm going to take the opposite side of that argument because the reality is that people's lives are not just at work. people are posting on social media, and we have sort of a 36e interacting, and so that is going to seep into the workplace the challenge here is that we're not respecting diversity of opinion, as much as diversity of
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characteristics, so until diversity of opinion comes to be accepted as a part of diversity and inclusion, this is not going to get solved. >> but carol here is the situation. google brought this on themselves, right? by censoring, by manipulating search results. look, we all know that -- david: he's not the only one making that. he's not the only one making that assertion. >> you can't just keep throwing that out there. >> it's true. come on. >> but here is the situation, right? we all know that productivity is a by-product of efficiency and effectiveness, right? and when you bring these type of debates in the workplace, it undermines productivity, right? wherein places a huge strain on work relationships and we already know, in the tech world, human capital is a huge asset. it doesn't appear on the balance sheet but it's a huge asset that
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can create a competitive advantage, when that's strained or tar underred or impaired in any way it's a direct shot. david: jonathan i'm a little surprised at your answer you supported google because you leave in individual responsibility and the individual is paramount and why shouldn't the individuals have the right to talk about whatever they want to talk about? if somebody gets too out of control, he could be talked to by his supervisor in the worst case be fired but individuals should have the right to get something out of their system if they want, right? >> they have the right to go home and talk to whomever they want, wherever they want but what google is talking about here is in the workplace and to john's point these are very high level people, and to have it muddied with these type of extraneous influences i think is probably bad for business. david: so many things around here. >> sex, politics and religion are off limits at work. we all know this. david: well you should, but you know, you should have the individual responsibility to respect that. i don't think it should be
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enforced by some policeman, at any rate, that's my opinion. meanwhile a new study showing what you major in in college could have a huge impact on the size of your paycheck down the road. we have the most valuable majors , you'll want to hear this , and the least. that's 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
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hour 36 in the stakeout. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes home insurance, so they'll only pay for what they need. your turn to keep watch, limu. wake me up if you see anything. [ snoring ] [ loud squawking and siren blaring ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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david: acodeing calculus and algebra could cost grad wawghts in the long run. the most of valuable college majors include naval architecture, marine and nuclear engineering and pharmaceutical sciences. the least valuable in terms of making a living. drama, theater arts. are arts majors wasting their
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money? >> they are borrowing a heck of a lot of it. that's what's so frustrating about the subjects does that permits a student to borrow $100,000 a year or more for an arts degree that will never pay off. if you want to fix education, get the government out and you will see the results improve and you will see students build. >> shocked that the engineer degrees pay more than the arts degrees. if you are going to college because you want to earn more money, you need to look for a return on your investment. it means you can't take on more debt than you are going to make five years out. you need to do a return on investment.
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if you are pursuing an arts degree that's only going to make $30,000 to $40,000. if you are going to pay six figures for that, you will never get out of that debt. >> we didn't need a study to know the difference here. obvious loiter degrees will make a lot more money. but we need to invoke financial literacy early on in school. grade school, right? and we need to teach if you are going to get the degree in liberal arts, what's the net present value. david: jackie? >> most of people don't take out $100,000 in debt for atheater
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arts or liberal arts. a liberal arts can teach you to calculate. david: that does it for bull bulls and bears. liz: u.s. stocks bouncing back after the president said china is ready to deal. we have don lufkin on how weak china really is. experts agree that the media and america needs to wake up, china tase national security threat. is president xi waiting it out maybe to do a deal with joe biden who doesn't think china is a problem. to the other blockbuster news.

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