thanks for coming on. melissa: busy hour. we tried to cram it in. dow down 95 points on the day. connell: thanks for joining us. "bulls & bears" starts now. we love china, we love playing there. i know for both of us individually, we go there once or twice a year. they show us the most important love. we appreciate them as a fan base and we love everything they're about and we appreciate the support that they give us. david: ouch. a public apology from houston rockets star james hardin. this after the general manager of the team set off an international firestorm by tweeting his support for hong kong pro-democracy protesters. chinese sponsors swiftly pulling ad money from the franchise over the new deleted tweet and with billions at stake, chinese fans

are now calling for an all-out boycott. this is "bulls & bears." i'm david asman. joining me, jonathan hoenig, kristina partsinevelos, gary kaltbaum and liz peek. so in the face of a potential loss of billions of dollars in revenue and ad sponsorships, both the nba and the rockets are voicing their regret for darryl morey's tweet. u.s. lawmakers, however, are supporting the rockets general manager. texas senator ted cruz tweeting the following. quote, as a lifelong houston rockets fan, i was proud to see darryl morey call out the chinese communist party's repressive treatment of protesters in hong kong. now in pursuit of big money, the nba is shamefully retreating, end quote. so is cruz right? should the nba have stood by morey? >> yeah. look, unfortunately, the nba was looking at a number, 490 million people in china watched nba games online last year, and

unfortunately, they were slow to react in the right way. what horror to back democracy. what a terrible thing this man did for the nba to sit back finally adam silver came forward and said yes, we do believe in free speech, yes, we do believe that mr. morey has a right to say what he did but unfortunately, a little bit too late and a little bit too tepid, if you ask me. >> there's no surprise here, right, the numbers are huge, that the nba might be forfeiting in standing up for hong kong and standing up for this fellow's right to denounce what's going on in hong kong but let's face it, it's a teachable moment. how great would it have been for all parties concerned, the nba and the rockets manager and everybody else, to come out and say this is what america means. we have a right to say what we think. yes, if it costs our team or our league some money, that's too

bad. not everyone agrees with this person but this is called freedom of speech and it's absolutely essential to the success of the united states. >> if we look at this team in general, it resonates quite well with the chinese, especially yao ming who played with them from 2002 to 2011. i think they are second only after the golden state warriors in terms of popularity. however, could this be an opportunity where perhaps the left or like elizabeth warren types would use this and say here is capitalism at its worst. the company or nba is choosing to focus on profits because there is so much potential growth and money to be had in china, that they are opting to focus on that as opposed to the freedom of speech. >> well, look, it's not the nba's job to negotiate politics with china. i have to tell you, an employee tweeted out something that was really offensive, i would be the first to say they should fire him but this tweet was so representative of american values, pro-liberty,

pro-freedom, i think the nba did a real disservice not standing up for them or at least saying to china look, we are staying out of politics, we don't mess with our employees or our staff tweets, they speak for themselves. this was an opportunity for them to make a teachable moment and they blew it. >> i've got to echo what liz said. i think that was very important. what a moment in time, where you could have shown the chinese people what free speech is really about, because the chinese people, if they said something bad about xi you are probably not going to find them for a couple of years. yeah, this was an absolute moment and look, they blew it. they recovered a little bit but not enough, and now they are being accused of dollars over democracy. not a good bumper sticker to have for the nba moving forward. david: not only that, but the statement, the nba statement which criticized the gm wasn't apparently grovelling enough for the chinese. the chinese translation of it, they actually either, the chinese added something more

grovelling or in fact, the nba put it in there but they said we are extremely disappointed in the inappropriate comment by the general manager. that's the chinese translation. that language wasn't in the original english version. so they made it even more grovelling which got me. >> by the way, this is a metaphor for what's gone on between the united states corporate world and china for the last 20 or 30 years. i have been to so many meetings where business leaders from the american community get up and talk about their great relationship in china, how china is treating them so openly and protecting their intellectual property and so forth. it's not true. everybody knows it's not true but the dollar signs are just too big. >> it's not actually just the nba that's under fire right now. you got china that has also just reportedly banned all episodes and clips of comedy central's "south park" after its most recent episode criticized censorship, of course, in the country. take a listen. >> oh, and katie learned to play

bass watching youtube videos of john lennon with the dali lama. >> we don't want to go there. talking about that doesn't go over well with the chinese. >> what? >> we need to make sure it clears the chinese censors. we want those chinese viewers. >> seriously? >> it's okay. there's plenty of other things to talk about. how about what kind of things were you into when you were younger? >> well, i always liked winnie the pooh. >> no, no, no, that's definitely offlimits. winnie the pooh is illegal in china because someone said he looked like the chinese president. david: i love it. >> so the "south park" creators issuing this statement with of course a full apology about the ban. quote, like the nba, we welcome the chinese censors into our homes and into our hearts. we too love money more than freedom and democracy. he doesn't look like winnie the pooh at all. tune in to our 300th episode

this wednesday at 10:00 p.m. long live the great communist party of china. may their autumn harvest be bountiful. we good now, china? david: i love sarcasm. >> this represents, trey and matt represent that american sense of defiance. that's americanism, defiance. not obedience to some overwhelming authority. i tell you, that's why i'm not scared of china in the one bit. any country that doesn't protect freedom of speech, doesn't protect those rights to -- they are doomed from the start. that's why we shouldn't fear any authoritarian society. >> i agree, jonathan. what might have happened if the nba had said you know what, this is one person's opinion, we are standing behind him and the chinese decided just to take them off the air, no nba games in china. who suffers from that? the chinese consumer. and maybe the government would have heard about that. as they might about the "south park" episode. david: i think they will hear an earful about not having "south park." if they have any input at all.

god bless "south park." >> that's a good show. david: the best. we can all agree on that. president trump just taking questions from the press. blake burman just asking him about a trade deal with china. that is the big question. of course, moving markets. blake joins us from the white house. did we learn anything new, blake? reporter: yeah, i think we did, because there was a headline that started bouncing around this morning when the president's top economic adviser larry kudlow started talking up the possibility of a short-term deal as he put it, and chinese sources told fox business as well that maybe there was some sort of short-term deal as well potentially in the works. markets liked that earlier today. so when the president was in the roosevelt room a little while ago announcing a different trade deal, the signature between the u.s. and japan, i asked him well, would you back a partial trade deal, and the president didn't necessarily seem to say that that was his first option, and that is consistent with what we have heard of this president for awhile now.

the president saying that he would rather have a longer term, a bigger deal with china. the administration has talked about all sorts of major big ticket items that would need to be involved as well. but i think one of the headlines is the president somewhat, i think it's fair to say, shooting down the possibility of a partial deal or a short-term deal, instead saying that he wants something big, as he noted they have been at this for quite some time and he wants a much bigger deal versus a potential partial deal that had been talked about before. david: that's a headline that could move markets tomorrow. we will be watching closely. good stuff. thank you very much. time for the u.s. to get out? that's the question. the president drawing bipartisan backlash with his decision to pull troops from syria, but should our forces remain there indefinitely? we will ask heritage foundation national security expert james carafano, next. >> we have been in syria for many years. you know, syria was supposed to be a short-term hit. just a very short-term hit and we were supposed to be in and

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put your employees on a path to financial wellness with prudential. if i didn't see donald trump's name on the tweet i thought it would be obama's rationale for getting out of iraq. so here's what's going to happen. this is going to lead to isis reemerging. nothing better for isis than to create a conflict between the kurds and turkey. the kurds will align with assad because they have nobody to count on because we abandoned them so this is a big win for assad and iran, a big win for isis. david: lindsey graham blasting president trump's move pulling hundreds of u.s. troops from northern syria. the president tweeting out the u.s. has done far more than anyone could have ever expected including the capture of 100% of the isis caliphate. it is time now for others in the region, some of great wealth, to protect their own territory, end quote. here now is heritage foundation national security expert james carafano.

james, it's not only senator graham. some of the president's strongest supporters, like general jack keane, he said one word, betrayal, betraying the kurds who fought side by side with marines and others of the u.s. armed forces to kick isis out of the country. for general keane to use the word betrayal is significant. >> i look from this perspective, what are the u.s. interests. we don't want the caliphate to return. we don't want the problems in syria to spill over in the region and have millions of refugees back on the road and we don't want iran to have a superhighway to threaten israel to our closest ally. i've got to be honest. if you step back and take a look at what the turks say they are going to do, i'm not sure it threatens any of those interests, i'm sore. >> thank you, james. you are talking about u.s. interests. isn't working with our allies part of the interest, too? you had nikki haley, former u.s. ambassador today, i quote, say the u.s. must always have the back of our allies if we expect

them to have our back. isn't this going to lessen the united states's influence in the middle east given how much of a role these troops have played over the last decade? >> i don't think so. first of all, they are not an ally. it is a military force -- >> but -- >> look, there are guys we work with because we had a mutual interest in driving out isis. that's true. but they're not nice people and they are not an ally of the united states. our first job is to protect our interests. we're not betraying them. they don't have to go to war with the turks. there's no rule that says they have to start an armed war with turkey. >> jonathan hoenig. thank you for being with us. the president ran on getting us out of wars throughout the world, certainly in the middle east, so why are so many even within the president's own party seemingly shocked about this latest move, this withdrawal? why are they so surprised. >> i can't speak to that. i go back and say what are the u.s. interests.

having a permanent u.s. footprint in syria doesn't solve any of those problems. if turkey does what they say they're going to do, if they do limited incursion, if they help secure that border, if they don't let the isis people that are detained there run wild, if they create a space for refugees to come back into syria, make a more stable place, then that's actually going to be to the good in the end. now, if they don't do what they say they are going to do, yeah, it will be a problem. but people are condemning them before they have done the operation. >> james, this is gary kaltbaum. you say turkey but it's erdogan. this guy is an authoritarian, his background is not very pretty. he does not act in our interests. yet we are basically ceding this area where we are at least at the very least, is getting good intelligence in an area that's pretty much what they call a hot zone. don't you think just being there and just showing that we are there means something to the

rest of the people around there? >> look, i'm no fan of erdogan. i have been one of his sharpest critics but again, it is in turkey's interest to have that part of syria be stable. if they do the operations as the government says they will, then the prospects for that are good. the united states has very limited capacity here. we can't -- the turks didn't ask our permission to do this. we can't stop them from doing this unless we want to, a, have a war with turkey or we want to arm the ypg to have a war with turkey which isn't in anybody's interest either. if turkey does this right, we will actually be better off than when they started. if they don't, it will be a mess. again, our goal is not to make syria the land of milk and honey. our goal is to keep syria, in syria. >> liz peek, thanks for joining us. i think you just answered my first question, which was wasn't turkey going to go ahead and do this no matter what the united states said? it sounds like they had a phone call and erdogan basically laid

this out and trump basically said okay, and that was kind of the end of that. second question, big issue about these prisoners, these isis prisoners. what is the solution there? because if there is sort of a further caving in of whatever structure there is in that part of syria, aren't they just going to basically roam back to europe and other places and cause more trouble? >> right. that's a really important issue. there's two parts. that's why i always preface everything by saying if turkey does what they say they are going to do. they are taking custody of these prisoners. they are now responsible for them. if they let these guys run wild, then that's bad for turkey and bad for us. so that's where the u.s. should pressure them to keep these people contained, because now turkey is responsible for them. i will say, though, the united states should have serious discussions with the turks. there may be some high profile isis people who are really, really bad people who we could actually try in a u.s. court and convict of a crime. if that situation, we should

take those people off their hands. david: james, already -- >> they are a threat to us. but we're not going to take custody of thousands of isis fighters. david: james, we already are seeing the reemerge ence in syr in some places of isis. remember, the caliphate began because u.s. forces were pulled out of iraq too soon. that's what concerns a lot of people who were looking at this situation. if this is too soon, if we see isis come back, we might have to pour more service people, our own people, in, leaving more of our people in danger. >> yeah, well you know, the worst thing you can do is look at a situation that's not the same and say it's the same. it's a different footprint than a few years ago. i share that concern. remember i said my number one interest is we can't let the caliphate come back. the united states has an obligation to do that. but this isn't the same situation. and not only do we have to monitor what's going on there, we also have to monitor what's

going on in iraq and the instability there. nobody said we were done with isis. nobody said we were done with al qaeda. we tack away took away the cali. that's the key thing. you said the key thing. there are guys running around. there's a difference between guys running around and the guys organizing a state. that's what we have to focus on. david: dangerous situation. let's hope we make the best of it. james carafano, great to see you. thank you, sir. appreciate it. put up or shut up. elizabeth warren is putting the business roundtable on notice but will they give in to her demands? as a struggling actor, i need all the breaks that i can get. at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need.

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warren writing to each ceo in part quote, if you and the other 181 corporate executives who signed the brt's new statement on the purpose of a corporation plan to live up to your promises you made, i expect that you will endorse and wholeheartedly support the reforms that are laid out in the accountable capitalism act to meet the principles you endorsed. you don't have to be a fan of liz warren to realize that these executives let the barn door open for her comments when they did this thing back in august. >> yes. you give a mouse a cookie. that's the bottom line here. they opened the door to liz warren and this notion of corporate responsibility. american business leaders need to grow a backbone. they need to understand that what they are doing in running america's great corporations is important for the country. it creates jobs, it creates wealth creation, it allows people to retire with dignity. these guys, they are running scared and i tell you what, i really think the american consumer really needs to kind of stand up and say for heaven's

sake, do what you're supposed to do. make products, pay attention to what's good for your shareholders, and just, you know, stop all this sort of kottowing to all the critics out there. three afra they are afraid of the mob and social media harassment. they need to stand taller. >> they did that a few months back because they were worried about elizabeth warren and bernie sanders, but guess what? she comes back with the words "i expect." i expect, i expect. who does the woman think she is? she's not president yet. they talk about the accountable marxism act she's calling it? i'm sorry, i'm a little bit off. it all comes down to more government control, more government oversight. her whole mantra is a ton more taxes on the wealthy and the producers and take away the hand

of the government to do what they want to do with it. this economy could not stand the first day of an elizabeth warren type economy. it is amazing to watch and see anybody agree with any of this. >> the business roundtable itself has encouraged it. liz, to your point, they sanctioned it. >> exactly right. >> stake holders, that's -- this whole idea of elizabeth warren here is to destroy property rights, which means to destroy all rights. i'm sorry, but companies belong to their shareholders. they don't belong to the public or the greater good because when they do, you can bet it's going to be elizabeth warren deciding what's fair and how people's wealth should be distributed. that's her whole goal, power. >> let's not forget this. she has been popular for quite some time. she used to be on dr. phil. she has experience with bankruptcy. david: she's on fox business. >> she is fulfilling the narrative where you are seeing capitalism vilified, profits are immoral. maybe this is highlighting the

concern, the frustration that some part of the population has with large businesses. that's why it's constantly coming up. even in the polls, if you look at realclear politics, she's trailing right behind biden, biden at 26.2%, she's at 24%. clearly this narrative is working for her base. that's something i think we need -- >> by the way, what's so infuriating is business leaders refuse to stand up and make their case. they never go after republicans and say look what we have done for this country, we provided 400,000 jobs, we have created enormous pension plans, we have done this, that and the other thing. honestly, all you are hearing is one side of the story. it's really bad for america. >> let me just say something. the narrative is a lie. the narrative is a con game. there is nothing to it. let me finish. with bernie sanders, has never created a dime of wealth yet they spend their days ripping on the wealth and job createors.

the reason is because to them, the enemy is success and wealth because success and wealth don't need them and their one job is anybody who tries to get wealthy, they cut them off at the knees -- david: quick last statement. >> i'm not talking about the politicians. i'm talking about the fact there's this widening gap of inequality right now that's frustrating a lot of people. they have to put the blame somewhere. then you also look at the corporations that are taking advantage of people, you look at all the data breaches, you look at our stuff that's being sold without our consent. sorry? >> you are echoing elizabeth warren's whole idea, that companies are successful because they take advantage of employees. >> no, i'm not. david: jonathan, hold on a second. jonathan, the point is, jonathan, that the executives are the ones who opened up this pandora's box by their statement back in august, wouldn't you agree? >> which executives? david: the executives from the business roundtable that said their stake holders are just as important, if not more so, than the actual owners of the company, the investors.

>> they welcomed elizabeth warren and all the other tyrants of business to come in and regulate their businesses. shame on them. david: all right. well, the uaw negotiations with general motors have reportedly taken a turn for the worse. the strike already cost the automaker more than a billion dollars and counting. the best car watcher that we know here joining us on the fallout as the strike enters its fourth week. lauren's next. the lexus es...

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david: gm and the uaw battle entering a fourth week now, and now a union official is saying the negotiations have quote, taken a turn for the worse. as the labor union rejected the latest offer that was on the table. joining us to make sense of it all, hopefully, the car coach, lauren fixx. good to see you. how and when does this end? >> well, i have a feeling this might be a little longer than we expected. gm has already lost like $660 million. lot of people out of work and parts supplies are a big issue and that means dealers aren't getting parts either. this has to be resolved, the quicker the better. i know larry kudlow would like to get it resolved as well because it's impacting manufacturing numbers. >> lauren, kristina here. i want to ask you a question. on friday, the top gm negotiator for uaw, he actually said that the union had found common ground on health care and on a

path to permanent employment for temporary workers. so in your opinion, what is this major sticking point? you just said it could potentially take a lot longer. >> well, i think they want to replenish some of the losses they took when gm went bankrupt. they had to give up a lot of their retirement account and are trying to get that reflenished because a lot of part-time people that lost their jobs and are now back to work, they would like to get that redone and of course, they want more vacation time and more sick days. >> there has been 10,000 people laid off at u.s. parts suppliers as a result of this strike, and now there's word the 2020 corvette sting ray could also be delayed as a result. are the unions in effect kind of killing the goose here? are their demands making it impossible and hurting the company that they supposedly want to help? they killing the goose here? >> i agree with you, because the number one selling vehicle is the truck, silverado, and they've got a truck sale going on right now, with as much as $10,000 on the hood or don't pay for 90 days, they are doing everything they can to sell vehicles but they have only got

a 90-day supply when they went on strike. so within two weeks they will be hurting the golden goose and the corvette, they already have 37,000 reservations. i saw the convertible, i'm driving the new corvette tomorrow, so i'm a little concerned that if they can't get it to market. >> do you think that job security is, as one of the local papers is talking about, the major sticking point, that the union wants gm to promise in effect that there are going to be no more playoffs in the united states and secondarily, does that tie into the union corruption problems and the fact that they kind of have to prove to their members that yeah, they may be corrupt but they are also really working on behalf of them? >> you got it right on, actually. the union part, with the corruption going on, they have to prove they are doing the job and helping the employees keep their jobs. but no one can predict what the future of the auto industry is because they are saying we will have all these electric cars and these autonomous cars. that would not help because it means people won't own vehicles in many cases.

i think they really need to think about this. you can't guarantee that there's not going to be any more layoffs. i don't think any company can guarantee that. >> gary kaltbaum. i thought this would be over after ten days, because money usually talks, but obviously, not enough. my big worry now, as you said, inventory's going to start running low in the coming weeks, and if they don't have anything to replenish, that is a problem. that big sales drop, big earnings drop, big economy drop, at what point in time, do you think we are getting close because we're hearing we're at the worst place right now because there's going to be nothing but pain if this continues the next two or three weeks. >> i think they've got about two weeks until they're in trouble. after that, right now if you are looking to purchase a silverado truck and want it custom ordered a certain way, you can't order it. you have to get it from another dealer. they are running out of inventory. dealers are holding on to what they have because that's their cash cow. it is becoming a problem.

you don't want consumers to go to ram or f series pickup trucks because ford and ram are doing everything they can to take away those customers. that will hurt gm, it will hurt obviously the laborers, it will hurt the company and hurt the stock. i think really, in the big picture, they need to get this resolved. gm keeps putting good offers out. uaw says no, uaw gives them a good offer, gm says no. they even want to do a no-confidence vote for mary barra which is absurd because it's not going to cause her to step down. it's just more drama. david: by the way, we all envy you driving the sting ray tomorrow. that's an incredible -- i would love that opportunity. lauren, thanks. great to see you. thank you very much for being here. appreciate it. president trump just days ago signing an executive order on medicare. so how does it stack up to what the democrats are proposing? we will ask centers for medicare and medicaid services administrator seema verma in a fox business exclusive, coming next. >> almost every major democrat

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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. medicare is under threat like never before. as long as i'm president, no one will lay a hand on your medicare benefits. democrat health care proposals would put everyone into a single socialist government-run program that would end private insurance for over 180 million americans. david: president trump last week signing an executive order on medicare. in a move he says will improve private medicare plans for seniors. here now in a fox business exclusive, the centers for medicare and medicaid services administrator, seema verma. great to see you, administrator. thank you for being here. what would happen, first of all, to medicare itself if we transition into medicare for all?

>> well, what folks are talking about is stripping 180 million people of their private coverage and putting them into a government-run health care. that means that washington, d.c. is making decisions about our health care and we have looked at other countries that have tried these types of experiments and what we have seen is that they end up rationing care and there ends up being problems with people getting access to care, long wait times. we think that americans should be in charge of their health care, not the government. david: what about the quality? we can talk about the dollars but a lot of people, dr. marc siegel here at fox, other people warn of the quality of health care because doctors wouldn't get paid as much, would come down. the less you pay somebody, the fewer people you have applying for the job. >> well, that's exactly it. you are going to lower reimbursement for providers, that creates access problems, which reduces the quality of care. david: now, every year, this was the last audit, last full audit

i saw of medicare, every year we lose about 10% of medicare funds to waste and fraud. that adds up to about $80 billion in medicare alone. i'm just wondering if you expand medicare to medicare for all, that would increase exponentially, right? if anything, that 10% number would get worse. >> well, that's exactly it. when people talk about the medicare part, one of the things they like to say is well, medicare has really low administrative costs, but the reality is we're not spending enough on combatting waste, fraud and abuse. we spend less than 1% of our administrative costs on fighting fraud and abuse in the program. so we need to do more on that. but it's a government-run health care program and that means that congress restricts us from doing a lot of the things that the private market does really well in terms of getting fraudsters out of the program. david: i suppose that's why the president was pushing expanding the medicare advantage option,

which does have more private involvement, right? >> that's exactly it. the president is the great protector of the medicare program and we have incredible success under the medicare advantage program under the president's leadership. we announced this year that the rates are going down by almost 28% so that is a 13-year low. in the part d program, because of the president's leadership on drug pricing, we are seeing those prices go down by 13% which is a seven-year low. so that really portrays the president's commitment to the medicare program. david: administrator, tomorrow nancy pelosi is going to be in seattle. she's already rolled out her own plan, which is quite involved. the main selling point she's going to emphasize tomorrow is that she wants to cap seniors out-of-pocket expenses for drugs at $2,000 per year. is that possible? would the administration sign on to something like that?

>> well, we are supportive of efforts to lower seniors' out-of-pocket expenses and we support proposals that would do that. i think the president isn't waiting for congress. we have already taken action and that's why america's seniors are already seeing lower prices when they go to the pharmacy counter. we have taken action in our fee-for-service program and the part d premiums are already lower. more needs to be done. david: are you working with speaker pelosi at all on doing something together? >> we are working to support a bipartisan effort. we would like to see prices come down for america's seniors. david: seema verma, good to see you. please come back and see us again. i appreciate it. >> thank you. david: gary, what do you make of all this? >> well, look, my big worry is we are going to have an election in 2020 and there are certain things we do know. the cost for medicare for all are going to be gargantuan. the national health services united kingdom, there are wait times, shortages, you name it

because when you tell everybody everything is free, they go to get everything's free, and taxes are going to go up monumental. we know that but there's still a ton of people out there that are giving standing ovations to bernie sanders and to elizabeth warren. i'm just wondering when the administration is going to put out the big message into 2020 because we keep hearing health care and health insurance is the number one subject that everybody's going to vote on. i'm not seeing it yet. i will keep my fingers crossed. >> i think, though, the really great thing that president trump has done in putting out this executive order on medicare is really sort of bringing this whole argument about socialism down to real people's lives. what does it mean if we go in the direction of socialism? it means medicare as you know it will no longer exist. medicare advantage that you have come to love and increasing number of people are using will not exist. i think that's kind of very powerful, particularly, let's face it, with older voters who are reliable voters. they will vote on this issue.

i thought it was a brilliant move and i think it's totally the right one. david: before we head to a break, i'm sorry, gang, we are running out of time for this segment, let's see what's coming up on "evening edit." tonight we have melissa francis, my old partner. melissa: 15 minutes from now, president trump will get a briefing from his military brass amid the escalating controversy over his plan to pull troops from syria. so that turkish troops can launch an offensive against u.s.-backed kurdish forces. we are going to ask a former intelligence adviser to general david petraeus all about this. we have a lot more coming up. david: looking forward to it. good to see you. thank you very much. well, do you all remember that famous coconut horse sound from monty python? take a listen. [ clopping sound ] david: now tesla says this could be your new horn. should elon musk be worrying

about bigger issues? we will debate that next. so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual.

david: that sound might be a thing of the past. tesla is going to be introducing some new and unconventional horn and movement sounds. elon musk is looking to make light of a mandate from the u.s. and the eu that calls for electric vehicles to emit a sound, some kind of sound, in low speed. this in order to prevent pedestrian accidents. musk says the sounds will be customizable and will include goat noises, sounds of flatulence, i kid you not, and the clip-clopping of coconuts used with great effect in monty python movies. but shouldn't tesla be focusing on issues bigger than this, like auto pilot accidents and car and fires and stuff like that, jonathan?

>> listen, he's pulling rabbits out of his hat. look, i have already got ringtones. this is not new technology. but tesla, look, they're in trouble. the stock has gone from $350 a share to $240 a share, and the whole reason, the idea of electronic vehicles, tesla is just not the only game in town anymore. every other manufacturer, major manufacturer, is launching evs and even as tesla sells more vehicles, their valuation contracts. dangerous ceo and dangerous stock. >> this could be a marketing ploy from the company. like you mentioned, the stock has been down. everybody is getting into it. saturated. so let's talk about the possibility of having goat noises come from cars or flatulence. i think this is -- we are talking about it on national tv right now. it's concerning in the sense that will people recognize that sound as a vehicle, when you start to hear, you know, like a whoopie cushion sound? your first thing will not be where's the car coming. >> you could have a bell ringing and people would think it was the good humor truck. it's an interesting question,

you know the eu will try and regulate this down to exactly what kind of noise, what decibel level, et cetera, et cetera. i doubt flatulence noises will get there. >> well, this man is worried about sounds out of his car, every time he sells a car they are losing thousands and thousands and thousands of dollars. maybe he should stop worrying about the sounds that are emanating and actually make money and maybe the investors would be a lot happier. i got news for you. this stock has been getting hit while the market's been holding up. i will promise you, if we went in a bear market ever again, just cut that baby in half because markets do not like anybody who loses a ton of money on every product that they sell. david: jonathan, as these gas prices keep at least maintaining their level, despite what happens in the mideast because we have so much oil in the world right now, i mean, the lure of electric vehicles, it hasn't spurred up at all, has it? >> yeah. that was the whole idea, essentially this was a way to

save money, to use electric vehicle. of course, the cost of a tesla for most americans is tremendously cost-prohibitive and as gary pointed out, especially without the subsidies which to the trump administration, they have done a lot in terms of cutting, this is just not a very profitable business. i look at tesla and look at almost like yahoo! in 1997. there wasn't a lot of internet stocks back in 1997. yahoo! prospered. as more internet stocks came to market, you saw yahoo! fall. it never regained the early heights. the same thing i foresee for tesla. innovative company but a very dangerous stock. >> innovative but one of the first movers, and to your question, look at gm. the fact that gm's ceo has said they are closing down factories in order to focus on electric vehicles. i think it's something that is -- we need to give it more creden credence. david: it's true but a lot of that is left over from the obama administration, right? >> everyone is pushing them in that direction. >> what do you mean by that? david: because of the fact they had mandates from the obama administration to produce more electric cars and they are still

caught in that. >> in california you have mandates for air purity and so forth that are going to require people to have electric cars. i don't think we have a whole lot of discretion here. david: talk about air purity and what elon musk is going to do. i don't want to get into all that. all right. could you give up your smartphone for a whole year? one millenial thinks she can. one major beverage company is ready to reward her with a hefty prize if she pulls it off. more details to come. same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees 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.

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