to find you a way home? connell: right, when renting a car, you see that, oh, i can get insurance, and you think you have enough. melissa: or you think it covers everything. it cuts both ways. connell: exactly. melissa: that does it for us. bulls & bears now. david: president trump back in his hometown of new york city for the u.n. general assembly where he has been meeting with a series of key world leaders. in this hour he will meet with the president of south korea, moon jae in. we will bring you the headlines when it begins. all this as tensions with iran continue to escalate. get ready for a big showdown as both president trump and iranian president rouhani get set to take the stage tomorrow. both nations looking to build support against the other. who will win out? hi everybody. this is bulls & bears. thank you for joining us. i'm david asman. joining me is kristina

partsinevelos, jonathan hoenig and liz peek. after an attack on saudi oil facilities, will president trump be able to drum up support for action against iran? what do you think, liz? >> i think it is very difficult, the european allies in particular want to preserve the so called jcpoa, the nuclear deal with iran. they have their own self-interests and mercantile interests at heart. they want to do deals with iran. the minute the deal was concluded they were in iran negotiating all kinds of pretty large scale export projects and stuff like that. they want that to continue. there was a little bit of a breakthrough today when boris johnson, obviously the new head of the u.k., said he was interested in possibly doing a deal, and iran's foreign minister also talked about how maybe we could do a new deal with perpetuity of inspections and restraint on building a nuclear weapon in exchange for perpetuating the lifting of

sanctions. so there's movement, but it's a pretty tough sell. >> that's the most important part of the equation that liz just mentioned, that is, the foreign minister of iran has already stated if we can do something on sanctions, they will do something on much stricter us going over there and check things out to make sure they are not going nuclear. so maybe a little bit light at the end of the tunnel, but unfortunately, we've been here before. these people are bad players. they love terrorism. they've been doing it all across the world for a long time. so we can keep our fingers crossed, but, you know, i think it's going to be wishful thinking, but let's hope something gets done. david: here's what the president said earlier today, when he was asked about iran. play the tape. >> i mean, iran, if you look at that's really been the state of terror. i have been saying it is the number one state of terror in the world. when i became president, iran was a real threat to the entire

middle east and maybe beyond, and now they're having very very big difficulties to put it mildly. we will see. david: iran's foreign minister telling npr quote abandon the illusion that iran can be defeated by pressure end quote. let's bring in fox news foreign policy analyst walid farris. thank you for being here. is the president moving in the right direction? >> he is moving in the right direction, unfortunately he has been delayed two years and a half, what i can guarantee you at least there will be no new deal this week. maybe in the next week there would be some discussions. the problem is that iran went a little bit far by conducting this attack in saudi arabia. just to entangle the situation, you may need weeks and a few months. besides, let's remember that the obama administration prepared for four years to be able to obtain such a deal, so i don't think that the current situation is going to we or president trump going on the attack, but he's going to be on the defense

for sure. >> we've been on the defense since 79. iran has been at war with the west and specifically against the u.s. since 79. the 83 embassy bombings, the towers, the support for hezbollah and every other terrorist group around the world. why are there any sanctions left? you know, the president talked about the maximum pressure campaign. if you don't want to go to war, and the president said that, why not put every sanction in the book against these people and actually do something that could overthrow the iranian regime once and for all? >> absolutely i agree with you specifically the historical explanation. let me tell you one thing is that this administration is going to occupy every empty space with sanctions. but then the other thing that we need to complete with because you mentioned a change is to engage with the iranian opposition to engage with the iranian people, at the end of the day, even the soviet union and eastern europe only started to go down when you had less of

these people, and we supported the dissidents. >> i want to talk about the allied comment. you have boris making these statements primarily -- david: boris johnson. >> we are on a first name basis. u.k. deal post brexit. i think that's a priority. the fact that he's stroking the president's ego and you have the french less supportive especially with $15 billion bailout to iran, but i'm confused on the u.s. strategy at the moment. what is it that the united states wants? do they want more stringent procedures in iran? do they want to stop iranian influence? if so, why pull out of syria? is it about a photo op? i'm confused. >> we should not be pulling out of syria before the iranians pull out of syria and the same about iraq. my guess is that the president is not willing to go on the offensive, too far, without a

massive legitimate reason because of our domestic situation. remember, we have a huge opposition. he has a huge opposition for anything he does in foreign policy, so he wants to act really after 2021. >> it seems to me that in answer to kristina's point that what we want is a better deal. the better deal would allow inspections on all kinds of sites, which are now off-limits, without advanced warning to iran. people don't realize that the inspections of nuclear facilities or potential nuclear facilities is pretty sloppy and not necessarily in our best interests. we want better snapback when they do something, in yemen or some other place -- >> you think we can have a deal with a country that's been shouting death to america? do you think you can have a legitimate deal? >> jonathan, i don't think you can go into the united nations general assembly and say we want to eliminate iran. i think there's an official position that the united states government has, whether it's

re realistic, whether we can actually solve -- i agree with you iran is the rogue regime and the biggest lie of the obama administration was that rouhani was a moderate and we could do business with him. it wasn't ever going to happen, but that was the basis on which they sold the jcpoa to begin with. >> aren't you describing regime change then? isn't that what the u.s. said they don't want? >> again, i think there is an official position that we want a better deal. what jonathan is saying it's never going to work. david: go ahead walid. >> make a quick comment, if it was only a technical matter about the nukes, then yes, that's the issue. we had south africa and ukraine in the past 25 years ago they ran after the united nations and said please come and take our nukes, but it is more than the nukes. it is about iran's militias in lebanon, syria and iraq and yemen. this is where the real negotiations should be. david: walid, isn't it true? yes the president has said we don't want regime change per se, but i don't think there would be a teary eye in washington, d.c.

if in fact there was a regime change. i mean, nobody wants -- nobody outside of iran that i know of want this current regime to go any further than it does. >> let me put it that way, if the regime changes, we're not going to go and defend it, you know what i mean? david: very quickly, gary, go ahead. >> under the obama administration there was an uprising by the people and then it was tamped down. the obama administration did not back them. what are the chances the people of doing that again based on the fact that it is a basket case, the economy over there as well as how the government handles the people there? >> they are smart. they have access to internet. they have been doing small sized demonstrations precisely because they know what happened in 2009 as you just mentioned. i think if we continue with the economic pressures and visibly talk with the opposition, at least outside the country, it will inspire them. david: always a pleasure to see you, walid.

please come back soon. thank you. david: 2020 hopeful sanders out with a new plan on rent control. a nationalized rent control, but one liberal outlet is saying he's gone too far. details coming next. also the president meeting with world leaders in new york soon he will be sitting down with the south korean president. we will bring you the breaking comments, when we get them. at fidelity, we believe your money should always be working harder. that's why your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidelity. open an account today. of the value you'll find at fidelity. [dogs [dogs whimpering]ering] ♪ the all-new 2020 ford explorer limited hybrid.

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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. david: railing on high rent, 2020 hopeful sanders hitting the campaign trail with his housing for all policy. the centerpiece is a plan of 3% cap on rent increases, nationwide. rent control for the whole country, even the washington post editorial board says that's bad policy. they wrote a piece titled "the economists are right. rent control is bad". so should the government as a whole, the whole federal government be involved in

controlling rent? >> david, we're repeating history. we repeat it over and over. we're doomed to repeat history because we haven't learned it. look, they tried this. they tried this back in the 90s in berkeley, california. what happened was a drop in the available supply of housing, about 15% drop. they tried it in santa monica, same thing, when you restrict rents you restrict the available supply and quantity of available housing. this hurts the people on the low income scale that bernie sanders purports to want to help. we are going back to the terrible ideas because we're not learning from history. rent control is the latest. >> look this is a political gesture by bernie sanders. where are people most concerned about homelessness? in california, which has 12% of the country's population and 50% of the homeless population. bernie sanders wants to do well in the california primaries. this is a way he thinks he's going to get some attention out there, and the big surprise in california is kamala harris doesn't have it locked up so it

is an opportunity for everybody else, including bernie >> and for every action is an equal and opposite reaction. the people who own the buildings are going to change them into condos or knock them down and bring them back into other types of housing. you name it, it is going to happen. these people think they can control the markets, with just a flick of their finger. i mean, bernie sanders has never created a dime of wealth or a job, and he just wants to take over all these industries and run them like he knows what the heck he's doing, and every time he does that, it is going to bite back, especially something like this, on everybody else. >> gary, i want to come in with two perspectives, the perspective that right now affordable housing is in short supply in the united states, especially when you think about how many people can't afford to live anywhere near a metropolitan city, even if they don't need to, the represent keeps going faster than the incomes. however, on the flip side, there are a lot of negatives when it talks about capping profitability for people that do this for a living, like the

hefty tax that have been imposed on house flipping. i have a big question on how could they police this? how are they going to police the landlords? do you put forth a major board? he hasn't talked about this at all. who will impose the policing of it in terms of it is a national thing? state level thing? >> the quick answer to that is more regulations, more controls, and as a result, kristina, less investment. that's the whole point. rules like this dry up investment, and it is that not in my backyard idea. you say no one can afford rent. kristina they can't afford it in places like seattle and los angeles which restricts as it is the flow of new supply. >> -- the reason why there's no affordable housing in a lot of these locations? david: that has a lot to do it in new york. liz, you brought up a great point in a piece on the hill that even paul krugman, a left wing economist even he admits

that rent control is a bad idea. >> we don't have to go back to history. we have very severe rent control here in new york city and in california's big cities and those were the cities called by sanders as lacking affordable housing. david: if that wasn't enough, gang, sanders also releasing a plan to eliminate 81 billion dollars in medical debt. sanders reportedly is going to be paying for it with of course the tax on korngss, based on -- tax on corporations, based on their ceo pay. does this make any sense? >> i don't even know where to go with this, man. if it is monday, if it is another plan. if it is monday, it is another tax. if it is monday, it is another control of some part of industry. it never ends. the good news is that his poll numbers are going as south as the miami dolphins football team, which i was going to say the giants, but they won yesterday. david: yes they did. >> that's good news. but unfortunately, there are others on the left that are actually worse than him, namely elizabeth warren, we'll deal

with that as we move forward of course. >> gary, he says it is unfair. it is unfair if you take out a loan to pay for medical bills if you take out a loan to pay for school, somehow unfair that you have to pay it back? what's unfair is asking people who have loaned money and then saying you shouldn't expect it to be paid back. pay back what you borrow, that's the issue, and the reason was we always talk about why school bills and health bills are expensive is once again because the government intervention. bernie has no plan for that. >> you can't make full comparison to student debt because something bad happens, illness, you can't predict it and they have to take out those loans. i think that comparison is bad. however, i do think that maybe do we need to include medical debt when we're calculating our credit scores? that was something he proposed. maybe he can consider it. david: again, how do you pay for it? it is a very simple calculation. i don't think we can. president trump told coal miners in 2018 that the coal industry was back and better than ever, but looking at the industry so

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david: the president is in new york today as you can see it is locked in traffic new york is because the u.n. general assembly. imagine all of the world's leaders in one tight city at one time. that's what new york is. the president has been meeting with pakistan, singapore, egyptians and in moments he will meet with the south korean president. we will bring you remarks from that when it happens. meanwhile the coal industry is fighting against a massive slowdown, even with the support of the trump administration,

more coal mines are being forced to shut down ahead of schedule. fox news's dan springer is following the story. dan, what have you been hearing about this? >> well, david, the facts are that coal consumption in the u.s. is at a 41-year low. the amount of electricity generated by burning coal in the west will be cut in half over the next decade. we're now starting to see big coal plants shutting down early and it's devastating to the people who work and live in those small towns. coal strip montana is a town built on coal. it has the largest coal power plant west of the mississippi river and one of the biggest coal mines in the country as part of the river basin. the owners of the plant are shutting down units one and two at the end of this year, two and a half years ahead of schedule. between the mine and the plant, coal employs 700 people. when the plant shuts down, one third of its operation and many jobs will be lost. >> they have served this country admirably for a long long time,

and i just don't understand why we want to now all of a sudden just kick them to the curb. >> the plant owners say they are losing millions of dollars a year because they can't compete with natural gas which has come way down in price with all the fracking. also renewables are now much cheaper to produce as they have scaled up. the city of coal strip actually began as a coal camp with mining to feed the railroad there, but it's grown into a tight knit community with incomes well above the national average, but now housing prices are down with all the uncertainty and people are worried. but the mayor is trying to stay optimistic >> there will be a continued need for coal, and the emphasis should not be on, you know, necessarily on renewables. let's take a look at what we can do to make coal a better fuel and make it cleaner. >> president trump has tried pledging 39 million dollars to studying ways to make coal burn cleaner, and he of course said as a candidate that he would put coal miners back to work, but so

far more coal power has come off line during his two years plus in office than president obama's whole first term. david: they are good people. it is tough to see them in this situation. dan, thank you very much. did the president promise too much when he said he'd revive coal production in america? >> well, look, the answer is they're facing up against plentiful and cheap natural gas. david: right. >> and cleaner natural gas. this is not a question of regulatory overreach where the administration is simply saying you can no longer do business as the obama administration wanted to do. this is because we have a better alternative, but to this gentleman's point, there are ways of making burning coal cleaner, and we should be working with emerging nations, like india and actually china, which is still building coal-burning plants to implement those systems so we could export -- we have 200 year supply of coal in this country, we should be exporting it and helping it be burned more efficiently overseas. that is a way to help our coal

industry, if somebody wants to do that. >> natural gas, solar, wind, renewables, you name it, the market is doing its job. it is going to what's cheaper, easier, and it's the nature of the beast. it's been going on since the beginning of time, and the coal have is going to have to move -- and the coal industry is going to have to move with it. there will always be a place for coal, but leave no doubt, it will be less and less as natural gas prices come down and alternatives continue to show up, especially when you have such a movement on the environmental side. >> gary, you just did it. you defined the free market, which is what we talk about often. >> correct. >> in the case of coal right now, we should not be intervening. if anything, i'm surprised you should be calling the president out on this because is government intervention, is it not? >> he isn't do anything. >> we do. >> okay good. then we're all on the same page. this is more to appeal to his base which we have discussed before in the past and you talk about the supply of coal in the

latest -- i'm seeing a stat from january 2018 that only 53% of the amount that you've discussed can actually be taken out because of property rights, land use conflicts and physical and environmental restrictions. >> environmental restrictions, right >> can you imagine the president stepping in, i don't know, 50 years ago and saying we have to save these elevator operators? i mean jobs come and go in a dynamic economy. it is not government's role to save coal jobs or steal jobs or gm jobs or farmers or anywhere else. to gary's point, that's the free market at work. when the government does get involved, whether it's taxes like obama or subsidies like trump, it is violating the rights of every american to choose the type of energy that's best to them and use it to their own benefit. david: jonathan, you got the last word on that. is the panic over the national debt overblown? our next guest says the nearly 23 trillion dollars shortfall is actually nothing to worry about. fisher investments founder ken

fisher explaining next.

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make your case. >> well, simply the right way to think about this is the net interest expense that the government has to pay to service its debt relative to the size of the economy or tax revenue or government spending. and the fact of the matter is, the level today is half what it was throughout the 1980s and 1990s because interest rates have come down much more than debt's gone down. people don't get that. it would take either a huge inkre increase in debt here. we lived through the debt levels in the 80s comfortably and we're at half those levels today. 23 trillion sounds like a lot but the fact is on a relative basis it is not. >> ken, gary kaltbaum here. i can't believe i'm going to take the other side of the trade on a ken fisher. but i have to ask you, globally

we're sitting at 250 trillion of debt, this year, 550 billion of our tax dollars is going towards interest on the debt, and this is all happening, the debt move to the upside in a good economy and low rates. what happens if the economy heads south or rates spike? aren't you worried about either of those happening? >> let me go back to prior point rates spiking temporarily doesn't really make any difference at all because it is all about refunding of the debt as it comes through. it doesn't matter at all. secondarily we have had a lot of recessio recessions before including a bigger one in 07, 08 and 09 and we're in worse condition than we are in now. when you think about the global situation as my column in the usa today says there's pockets

of problem of debt all around the world and there always have been and i believe there always will be but pockets of debt are not relative to the overall level on a global basis. the world is actually in fine shape. people think debt's bad. more debt's worse. too much debt, you go to hell. and the fact of the matter is, people always look at the negative side of this, and they never think of it kind of like if we were a corporation, what would be the right amount of debt to have, and if we don't have that amount of debt, but too little, we're underindebted. nobody ever thinks that way. and they should think that way as a counter check against their normal bias to think debt is bad. too much debt is worse. even more i go to hell. >> ken, it is kristina partsinevelos here. >> whereas in reality you go to hell when you sellannuity, everybody knows that. >> well done. >> earlier this month you called the bonds that the fed had -- that they should get rid of the bonds because they are stupid and misguided. so can you elaborate on what

role the fed can do to try to improve the situation? and to gary's point, we're talking long term u.s. economy, if it happens to weaken, but what about the u.s. dollar? >> of course the dollar has been strong. the fact -- on a relative basis. the fact is quantitative easing was stupid from beginning. it is really quantitative diseasing because the function of the government buying long bonds which they never should have been doing in the first place takes the yield curve and flattens it relative to what it would be otherwise. that flatter yield curve disincentivizes banks from lending since the core business of banking is using short-term deposits as the basis for making long-term loans f. if you want to get the banks to lend and lend to more marginal corporate borrowers you need to steepen the yield curve. the best way for banks to do that including ecb, bank of japan rg bank of england is to

dump all the stupid bonds they never should have bought in the first place and do it relatively rapidly in a disgorgement. the fact is that the way people think lower interest rates are better but it is actually better if we have a bigger spread -- that lower interest rate better thing is a demand side thought. we never have had stimulus actually from quantitative easing. every place it's been deployed, loan growth mass slowed. quantity of money growth has slowed. if you want to accelerate that stuff, you steepen the yield curve, and the way you steepen the yield curve from today's condition is to have the central banks -- what i call the central bonkers, have the central bonkers disgorge all that excess debt that they never should have bought in the first place. their concern was never about stimulating. let's be real clear about that. their concern was about overcoming the problem of too big to fail because not a one of them knows how to run a bank and doesn't have a clue what to do if a big bank fails. >> ken, it is liz peek. speaking of central bonkers,

elizabeth warren was worrying publicly not so long ago debt in the private sector, that she said americans are so indebted they will never crawl out from under, etc. etc. i wrote a piece saying basically what you said. debt servicing for the people in the united states is much better off than it was 10 or 15 years ago because of lower interest rates. would you agree with that? do you think there is a concern about between student debt and auto loans and all the various things that people are too indebted -- too indebted? >> obviously and as i said earlier both inside the country and outside the country there's pockets of problems with debt, that's always been true and will be true. senator warren of course before she was involved with public policy was a bankruptcy attorney. what i fundamentally believe is when she gets to be president, she would like to create more bankruptcies because it is one of the few things she knows how

to deal with. [laughter] >> ken, it is jonathan hoenig. thanks for being with us. by 2023, the nation will spend more on servicing the national debt than on defense. so i want to ask you, if you had a client that year after year kept spending more than they were taking in, had massive unfunded future liabilities, you wouldn't advise that client to maybe stop spending so much, put a little more on the asset side of their balance sheet, a little bit less on the liability side? it doesn't sound like you are giving that advice to americans, but i bet you would give that advice to a lot of individual americans, no? david: what do you think? >> let me ask you this question relative to our country. what in the world is possibly different about the things you just said and the truth that you could have said exactly the same way 30 years ago? the fact is, it's not about how many dollars it is, and it's not about how much spending we may do in the future. it is about the servicing of the debt. we have in this country --

>> and the fact -- >> -- relative to the debts we have. i mean, literally people did say that stuff. they always say this stuff. you guys haven't quite gotten to the other one that they always want to talk about which is unfunded liabilities because that's another one they want to talk about, but they are always looking at the negative side. they are never asking a simple question, what's the right amount of debt to have? david: let me ask a final question. the answer has to be short, ken. aren't you concerned that what you say provides a little cover for aocs of the world who want to spend tens of trillions of dollars more than what we're spending more and they say donn worry about it -- don't worry about it, we can always print more money. >> i don't really worry about providing them cover. they're going to cover themselves with so much nonsense anyway, it doesn't really matter. david: you did it in ten seconds. thank you very much. ken fisher, always a pleasure. please come back and see us soon. okay? >> thanks for having me. david: thank you very much. 2020 hopeful warren about whom we were just speaking gaining some ground over joe

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yes! how'd you know? studying my playbook? yeah, actually. david: president trump speaking moments ago at his bilateral meeting with south korea's president. he is taking questions on a north korea summit and much more. let's listen in. >> we'll see. right now people would like to see that happen. i want to know what's going to be coming out of it. we can know a lot before the summit takes place. we had really two very successful summits. there's been as you know there's been no lessening of the sanctions only been increasing of the sanctions but very importantly we have our hostages back and that was a very big deal. we got our hostages back. we have the remains of our great heroes from the past back, a lot of them, and they are coming in and they actually have a lot of them ready to start coming in

again. so a lot of things have happened. plus's been no nuclear testing at all for the last -- quite a long period of time at least that we can detect. and the relationships have been very good. so we'll see what happens. but we'd like to see if we can do something, and if we can, that would be great. if we can't, that's fine. we will see what happens. but then there's been no nuclear testing for a long time, a long time. >> mr. president, do you plan on a gun plan in the coming days and if so will it include a background check? >> we're working with the republicans but also working with the democrats but a lot of the democrats are wasting their time on nonsense, on pure nonsense so they don't have much time to work on guns unfortunately. if they did, it would probably be pretty easy to do, but we always have to protect our 2nd amendment. it is very important. i saw where this character from texas, i can't imagine he'll get one vote in texas, he wants to start confiscating guns.

that's not a good thing. it makes it actually much harder to make a deal when this beto o'rourke comes out and starts talking about confiscating guns. when you do that, it makes it much tougher. but the democrats are really just wasting so much time on nonsense, on junk, and if they focused on this, they could get it done. but we have to protect our 2nd amendment. we have to protect people that want and need guns, and we have to keep guns out of the hands of crazy people and sick people. very simple. not very complicated. >> [inaudible]? >> sanctions where? >> [inaudible] >> you're going to have to speak up. say it again. sanctions, go ahead. >> considering actions first

before denuclearization? >> where? >> for north korea and the denuclearization talks? >> i'm not considering actions. we're getting along very well with north korea. i have a good relationship with kim jong-un. and we're not considering actions at all. there's no reason for actions. i will say that if i weren't president, you would be at war with north korea, in my opinion. if the same group that preceded me, you would be in a war with north korea. we're not looking at any actions. we have a good relationship with kim jong-un. we will see what happens. maybe we'll be a i believe -- maybe we'll be able to make a deal, maybe not. >> [inaudible]. >> go ahead. >> breaking news -- >> more breaking news? it's always breaking news. it's usually breaking fake news. >> two rockets just landed in the green zone in baghdad. do you see this as an -- [inaudible]. >> i don't know anything about it. you just told me it was breaking news. i will have to see it. right now i'm here. i haven't heard it.

when did this happen? >> just now. [inaudible]. >> we'll look into it. we'll look into it. >> [inaudible]. >> we'll look into it. i know nothing about it. you just told me it is breaking so therefore it's relatively new, like within the last four days. >> [inaudible]. >> yeah, we're going to discuss that. >> [inaudible]. >> yeah, i will be discussing. we didn't have an agreement on short range missiles, and a lot of people in a lot of countries test short range missiles. there's nothing spectacular about that, but we will be discussing that also. okay? >> [inaudible]. -- like to see you maybe try to stop it from happening? >> we're going to look at it. we are going to talk about it. i didn't discussion that with kim jong-un. that was never part of our discussion. we did discuss nuclear testing and other things, and frankly he

has lived up to his word on those things we discussed. we actually signed an agreement in singapore, and we actually had two very good meetings. you would have been at war right now with north korea if i weren't president. thank you very much. >> thank you. david: the president there speaking with the south korean president, talking about north korea, saying that we would be at war right now with north korea if the other person had won the election, hilary clinton, back in 2016. let's go back to our panel now. kristina, what do you give -- what kind of odds would you give for some new meeting at which a clear deal was brought between the president and the north korean leader? >> unfortunately, given the track record, we have seen a lot of summits and signings but we haven't seen anything substantial come out of this. the united states has a big role to play on two points the first is dismantling the nuclear program in north korea which we know they are trying to work towards, but the second too and this is where south korea could be putting the pressure is to improve the relations between

north and south korea. they have been at war, separated since 1950s, this is something that is weighing on the economy. can you do that with the sanctions that are looming on north korea right now? >> it's become a tremendous political football in south korea because the president of that country has staked his political reputation on doing exactly what kristina is talking about, bringing north and south closer together. unfortunately, he is now locked in sort of battle with japan on various issues and also takes president trump to task for not helping him, and in fact he thinks that the president has made it harder for him to achieve those gains. so i mean, it's a pretty fraught relationship. i don't know if we will see much progress. david: hold on. gang, guys, i hate to do this, but we have to go because we had that breaking news. we will hear more from you in the next segment. liz warren gaining ground in major states. is it time for wall street to start sounding the alarm?

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david: elizabeth warren shaking up things in the very important state of iowa, overtaking joe biden in the latest poll there with 22% of likely dem caucus-goers choosing warren as their number one. this as barron's writes quote wall street is worried about elizabeth warren, it's right to take her seriously. do you agree? should wall street be worried? >> yeah, wall street should be worried, david and main street should be worried. there's no dichotomy, wall street, main street, one in the same. wall street serves main street. warren is out in front. she is explicitly antiprivate property. that's not conjecture. she was the inspiration of

obama's original you didn't build that speech. that's her position, you earned money, you don't own that, that's not yours. the person who earns money but doesn't get to keep the proceeds of that effort, that person is a slave. that's exactly what warren is ultimately advocating for. >> those caucus-goers should watch their wallets. that's the best way i can put this. look, i have watched this woman very closely for months. there has not been a major industry that she does not want to take over, shut down or break up. but it's not wall street that should worry as much as small business. the 30 million plus small businesses in this country she wants to regulate, mandate, fee, fine, tax, and god forbid, any of these small businesses become wealthy, confiscate the wealth preventing you from becoming wealthy. she's the exact opposite of what a great economy is supposed to have and keeping fingers

crossed, she goes by the wayside also. >> i think she will be the nominee, though. >> yeah. >> i have thought for many months that joe biden wasn't going to make it across the finish line. so it will be elizabeth warren. i think what's really going to be interesting is to see how she can pivot and basically sort of disgorge some of the proposals and plans that are out there that are attached to her that really most of the country will oppose and will vote against. so she's going to have to come, i think, a little more mainstream. all the polling shows that. i don't know how she's going to do that >> the polling shows that. i think it is too soon to say yes or no. should we be scared? no. david: yeah it is a long way away. who were the biggest winners and losers of television's biggest night? what could it mean for the future of the streaming wars? that's coming next.

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>> believe in our residential is because people are so passionate about what they say. jonathan said something about slaves in elizabeth warren, we need to put them together. hbo, netflix and amazon, the big winners of the primetime and b awards, hbo walking away with 34 trophies, that's more wins than any other network at sunday nights award show. and netflix 27, amazon prime winning 15. ten major networks keep up with these giants? >> i love "fleabag" and that was one of the shows -- amazon prime. what we are seeing is original content is king. of lot of them were original content. why is netflix spending $500 million on seinfeld to get a 2021. >> they are insane. >> we want to see new items, the

concerning thing with netflix, all these other guys have other products and other platforms aside from the streaming services, netflix does not. >> the exciting thing there such a proliferation of product coming on the market from so many different sources. for those who are wondering why they cannot find a good movie, it's all going to tv and the streaming services. i did not know all the shows, a great opportunity to learn about some of them. it's very exciting. >> you might've been the only one watching because the emmy ratings were in all-time low. these orchards help out long-lived their purposes and more content to your point than ever before. gary is watching, netflix is down year to date. the stock is gotten copper because they're spending so much on the new original content. >> i looked at the list and the first thing i asked is what's "fleabag". i had never even heard of the

shows. >> they are kicking the networks you know what, everything -- amazon is doing movies, i did not even know that. i first started watching "chernobyl" this week. >> next is both numbers presideo arrive any minute. international tensions at the united nations today. north korea, china to worldwide persecution, that is just for starters, the big showdown is with iran. tonight retired jack king joins us to break down this increasingly intense standoff in the president said is the world's biggest backer of tariffs. mike pompeo also warned military options off the table in response to the saudi oil strike, i wrong because america's move desperate. this is iran