tv Bulls Bears FOX Business January 13, 2020 5:00pm-6:00pm EST
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them. go way. thank you for joining us yeah, fascinatingism yo -- melissa: fascinating. connell: you don't care, like high and disney or something. melissa: "bulls and bears" starts right now. david: secretary of state mike pompeo. in silicon valley meeting with tech leaders that include larry ellison from her oracle to drusm udrawmdrumup support. tehran admitted it accidently drowned the ukrainian passenger plane. this players players, thank you for joining us, i am david asman, joining me on the panel, gary kaltbaum, liz peek, zachary and kevin o'leary, we look at this "new york post" front page
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cover. and call regime the real enemy. straight to benjamin hall, he is? ohoman jordan. melissa: protests have been spreading through iran over the weekend today, they are in 17 different provinces, the anger is growing since the government admitted this shot down the plane with 176 people onboard, most iranians, thousands took to the streets, it reported that riot police have used live fire and tear gas against them, pools of blood could be seen on the ground. secretary pompeo warned the iranians to not harm protesters. >> you can see it, the iranian people are in the streets. they are like wise in in astounding numbers inspite of personal risk to themselves. they are burning posters and billboards with soleimani's face
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on them, chanting soleimani is a murder, they know he was one of key architects of their oppression. reporter: remarkable scenes at one university, students avoids stepping on u.s. and israeli flags, something they had been encouraged to do since 1979, yesterday, they were chants u.s. is not our enemy, the regime is. they lied to us, they are obsolete -- khamenei and soleimani are murderers, seeing the destruction missiles left it is amazing that nobody was killed. u.s. intelligence is credited for saving lives, by warning them to take cover early. and new sanctions many analyst say that iran really is on the ropes. david: protesting in iran, you have to be one of the bravest
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people in the world, all our credit to those people. democrat and the mainstream media have been critical of killing of soleimani. will silicon valley executives be more receptive to working with secretary of state pompeo. >> you will be surprised. it will be yes. they will be very rese rerepresentative, over last 24 months those who were against the administration in the beginning, everyone knows a lot of what happens in west coast is liberal. but they watch what dim cook -- tim cook did going down middle of road with a bipartisan view of the world, and engaging with the president as he went through his trials and tribulation on china deal. the stock of apple is one of the best performing tech stocks ever, it has been phenomenal he avoided sanctions on phones, he avoided getting involved in line by line level. and others have realized, he did a masterful job in working with
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the administration. many of the big players, look at just google, however has changed in terms of top management there, and new constituents there, that are managing these companies are open to doing business with politicians, they are threatened with regulation and othe other aspect. >> it is safe to say silicon valley is foreign policy agnostic, if it get in the way of what they do they are against it, and not that i can not. iran there is a huge cyber security component in this. you know there is a march -- mutualality of interest. pompeo is not exactly the image of a silicon valley be man.
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it is. david: interesting bed fellows. we heard from benjamin in iran, courageous protesters calling on government to remove ayatollah khamenei. christian, are president trump's actions spurs the protest, could they lead to a regime change. >> i think so. you know when you have u.s. strength anywhere in the world, we have seen it in a number of places against china and iran. it emboldened protesters, even those who are not nominaly pro-american. the fact he is willing to ex sos som--ex expose and flaws and weaknesses. the protests they are ponding to other things but the big difference we've saw in in 2009,
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and 2010, the difference this is bigger and broader. and the moral support of president of united states. >> the did tweet the iranian protesters, that was translated to farsi, it had biggest respond that twitter had in iran, how brode is the social media reach in iran, could it be a really potent weapon for the administration? reaching the protesters? >> i think it is very important, it is significant, iran selectively turns off the internet, they are not as good as censorship as perhaps china, china benefiting from some that silicon valley technology. where you know, iran is more of a porous media environment, some of it does get through, and iran has a large expatriate population of people who are opposed to this regime, many
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themselves fled the regime in 79 or related to people who did. word of this gets out, word of ronnaronald reagan support. penetrating through the soviet you wil.>> this is gary kaltbaut that you have the israel flag and american flag and they are not stomping on it, to me represents that people are recognizing what kind of freedom those two countries have versus, what is going on in their country. the big question to me, can we get this continued to move toward the right way? toward israel, toward america? toward freedom, i think it looks like these people are fed up, they were fed up before, but i think we jumped the shark here. >> you know a great point, a great question.
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you know i think that difference between when you have people power rise up and fail like in prague and czechoslovakia in 1968 compared to when it succeed like in 1989, a couple things happen, have you strong international pressure, ib including from united states, you also have a regime lost confidence in itself, and losing the confidence to suppress its own people, that remains a question mark. but have you protesters from all walks of life in iran, across the country is a good sign. >> you know. 1989 example is a positive wok of people rising up and a peaceful transition, problem right now, there are a pleg plea of tactics. you can have a regime change
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aftermath could be worse for united states and worse for the region, maybe talk about that a little bit, not like regime change is a net-net good, it could be. but it could also be libya or syria. these are different types of countries nonetheless. >> yeah, you know regime change has gotten a bad name, it is conflated with regime destruction. one thing that iran has going for it -- first it is a little bit hard to anticipate a regime that would be worse than clerical work that you have in iran. also, iran is a real country, not to say libbiast not, but syria was -- libya was not but sir whsyria was a confection crd after world war i. iran has been forever.
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>> i try to stay in touch with my contact in dubai or closer to region. they tell me what is really going on, root of it is not just recent events, sanctions are brutal. and what happened now is they are accumulating and showing themselves in unemployment in countryside, you can't even get flour in someplace, imports are stalled out, you cannot use currency to buy anything. the place is under pressure, people forget the power of what happens when you get a global sanctioning in the banking system. so, there may be regime change, but about money it usually is long-term that is what happens when people can't get a job, theyuanthey can't buy basic gooy get wh very unhappy. david: quick response. >> i think iranians are connecting the dots, a reason they are not walking on the flags of america and israel, ty
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realize foreign policies have taken away money from their own communities. >> for once they are getting support from highest quarters in united states that must be encouraging to them, christian whiten. >> thank you. david: u.s. making a controversial new movie in china, trade negotiations. before signing phase one deal this week, more on that, new criticism we still don't know the actual language of the deal, we're live at the white house with the latest on this, coming next. (whistling)
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yesterday. edward lawrence. reporter: steve mnuchin said that china made a promise to enforceable commit tom refrain from devaluing its currency and increasing transparency. related to the currency, china remains on currency watch list but now dropped off currency manipulate or list by treasury department. it is agreed to publish relevant information related to exchange rates and balances. chinese currency depreciated to lowest level in 11 years by last october, it has strengthened now. the report says that over summer, china took concrete steps to devalue its currency to gain an unfair advantage over u.s. and offset tariffs, some economist say that trump administration has been able to
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thread the economic needle to get china to table to get a phase one trade deal and not affecting the fundamentals of the economy. >> i think they not only can recover, but they can recover and gain a lot. trump always claimed he was a free trader, this proof positive he is a free trader. reporter: art lapre talking about farmers recovering from this. up to now president had a lot of support from democrats in congress, up to now, cuff of signing this deal, senator chuck schumer said, china is a currency manipulate or, unfortunate leonardunfortunatelp would rather cave to president xi than stay tough on china, americans are getting a lot of show very little results, no one has pub ebsic publicly seen the expectation of the phase one
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trade deal, i am told the moment it is signed to will be published on line for all to read. david: i can't wait, edward thank you so much. >> so while the language of china trade deal has not been made public. does it matter? does the market just want an agreement, manage to cool things off between china and u.s. rebarregardless. >> you have to applaud what is happening here, it is better than when we've been dealing with last thir 30 years, all tht stuff never worked, this not good enough for me, i live in a world my supply chain for much of my consumer goods and services company is in china, i have moved some to vietnam, singapore but 80% relanes there, when i get a hit product it getting to 10 million in sales, imknocked off, went hours, i see all over the web,al -- i have no
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recourse, i still don't when will deal gets sign, i need to litigate in that domestic market, and need access to vast growing middle class in china, i know cu kudlow understands that. he knows what i'm talking about this is a great start but not finished, let's get through the election and finish it next term. >> there supposedly intellectual property protecttion embedded in phase one. time we stopped doing and started protecting intellectual property rights is when we started innovating our own intellectual property, i respect the fact there is supply chain that still gets ripped off and pirated, the higher end. they have their own set of intellectual property around technology they are investing more than we are at a more focused level, i am more
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concerned this is closing barn after the cows have gone, saying it is a victory while they plunge ahead with their own ip to area we need to remain competitive in. david: cows in the barn or the barn? >> cows, or horses any farm analogy stay away. >> at least not pigs. >> a german battery maker is going after a bunch of chinese companies manufacturers, government backed that guess what they are doing? stealing their patents, infringe am and copying them, i don't think that anything change, china is china, kevin is right, this thing with currency manipulation that is ceremonial, at best. keep in mind with j powell is doing with currency manipulation, same sold, to me this is a trues not a -- truce
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not a deal. >> a truce is better than a war. >> right. and we're no longer escalating, no longer tit-for-tat tariffs put on everything' that we're exporting and they import. it is a plus. i think that biggest outcome that positive from from battle so far, is that everyone in the world is aware of what china is doing, companies, perhaps not in this boat but so many, have diversified their supply chain, they have should have done again years ago china was engaged in the same practices, and the wto we've seen, is more willingness to parts of our english, french and german partners to try to reform the wto, they tried for 15 years they gave it up, that could be on the booking again. david: the last word, nancy pelosi says she is delaying delivering articles of impeachment to prevent a cover-up in senate.
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a republican leader kevin mccarthy has a theory about why she is really doing it. >> this a dirty little secret no one is talking about why the speaker held the papers. 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. get a no-fee personal loan
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place, and could become their nominee, he will be stuck in the chair because nancy pelosi held the paper. david: liz peek, a great piece in foxnews.com agreeing officially with congressman mccarthy. >> well, we know about iowa and new hampshire erases are flew -- the races are fluid, third% of voter have a thick firm first choice, it is really open to almost everyone, and 4front runner they include joe biden and bernie sanders and elizabeth warren who will be benched longer the trial goes on. they will not be able to go out and campaign, it is a real open feel for joe biden, and pete buttigieg. but joe biden has most to gain, if he can do well in first two states we goes to south carolina, he is almost a sure winner and nevada, he is neck-and-neck with elizabeth warren, i think that could make him put him in good shape, and i think it is what the
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establishment democrats want. >> there is an interesting phenomenon unfolding that bloomberg pointed out, whether or not iowa and new hampshire should have the primacy. >> of course he does, he is not -- >> no doubt, you have a dynamic where you know, it is not like there is a constitutional iowa shall decide nominee for each major party. not a particularly representative state, it will be interesting to see whether or not it because of result of impeachment calendar or people leak tom steyer and bloomberg spending money and circumventing the process. it is a particular end of a 40 year era? >> nancy pelosi wants to keep her speaker ship. there are a bunch of district up for grabs in a very big way that are democrats right now. guess what?
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i am sure she is thinking how is any of these people going to ride the coattails of a bernie sanders in some districts and states? no way, shape or form middle america and independents go for that i think she is calculated, i don't think she does anything by accident, i think a darn good move on her part. >> i am thrust rated with this -- frustrated with this i am an investor. i want to invest in u.s. dairy, i want to u.s. in canadian timber, i want to put money to work there is billions behind me, sign the nafta 2.0, impeach everyone afterward, let's gettings done, this such an incredible waste of time, american people should be really -- i can't say the words i want to say. david: if you agree that nancy pelosi did this whole impeachment thing to help biden. that is essential well -- what democrats are accusing donald trump of doing, putting nation's
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future behind personal political gain. >> this is theory, not just the entire impeachment push, to help biden you about timing, that delaying of delivery of the particles, this should have been gone by now, and everyone back on campaign trail. david: and usmca could have been passed by now. >> you mine. >> you mean politicians care about their reelection, his no idea. they care about their reelect shin the day after being elected that is what is going on here,. i don't put past anyone in on the left or the right, on what they the tactics would be moving forward, one heck of an interesting year. >> i like kevin's slogan sign the trade deal and impeach everyone, spoken by a -- like a true investor. david: for those out there,
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sometimes iowa important, bill clinton got 3% in iowa, he won the nomination. >> a error small number. david: drugmakers look for a new way to get paid for pricey treatments, what does this mean for you and your wallet, dr. mark siegel is joining us be in to explain. i thought she was cog next weekend. i got it. alexa. start the coffee. set the temperature to 72. start roomba. we got this... don't look. what? don't look. lets move. ♪ mom. the lexus es, eagerly prepared for the unexpected. lease the 2020 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer.
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david: prices for new life saving drugs could cost a fortune, they are trying to fine new ways to get paid for the 6 figure drugs through installment plans and value based contracts. let's bring in fox news medical correspondent dr. siegel, what is a value-based contract for the expensive drugs. >> it is growing in popularity, it basis whether you get paid and how much you get paid if you are a drugmaker from an insurance company. based on parameters where how well is the drug working, it is working as well in trial? i like that comparison, you can't be sold snake oil under this plan. novartis is using it for 11 different gene-therapies, they are innovative, and amgen for a new migraine drug. you want to know if that works,
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and lil rely several different drugs, i like it we have drugs like amino either per -- therapy, maybe they work, you take one treatment that will cure it costs over a hundred thousand dollars, it better work if you are paying. >> gary kaltbaum, why has it not happened years ago? hospitals do it, doctors do it surgeons do it i see payment plans all of the time, i am quite amazed that drug business has not done it yet, why not? >> there has been pressure, but i think what finally cap pit -- capitulated of the prices of the new exciting drugs. another way is subscription plans, you get all insulin you need for a year, medicare is doing this.
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medicare is going to pay bit by bit, month by month, another way to pay for the drug, they spread it out over months, they are all good ideas. >> doctor, let me, i don't want to sound like a skeptic but in this case i am, every elect cycwe'll go to drug price bashing, this is best time to invest in index, if you want to load up to specific companies that is great, market punishes this rhetoric and price control, and guess what happens, nothing happens. i love that. because stocks are some best performers on other side it never works, another thing. i invest in new molecules, risky, decade long investment work -- if you told me it would be price regulated, i would not put up capital, let's not change america for what has done so well for hundred years, the risk is there, and i am willing to take it. but not if government gets
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involved in telling me what my returns on. >> this sounds like a shark tank by the way, this is overstated a little bit. i tell you why, because we talk about extending of drugs, number one -- expensive drugs, and a climate where trump administration has done something i like, they increases price transparency, it has to continue so does choice and generic approval and biosimilars that will increase the choice, if you have choice. when we're talking about plans that david brought up, we talking about a new drug that coming out, nothing else like it, you have to figure out thousand pay for it. but for prices across the board for drugs, i like transparent see, and choice. >> there is another aspect here. the market will favor as you said, drugs with a high payoff, right, you can invest in. the problem then is capital does not necessarily get allocated for drugs that are highly needed to be developed, but known doan
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have that pay highway -- don't have that payoff. the market does leave out huge classes of drugs and research because it does not have that kind of return. return. >> a good point, and take this do agree with something kevin said, i agree as does everyone here, ultra regulating things is not the way to go. in terms of free market. but, i do think that there is a lot of drugs there are overlooked, as a physician i till you we talk about latest and greatest inlynn inlynn, thee from -- insulin, the one from 10 years ago works pretty well too it is a lot cheaper. david: flu season is here. 90% of americans, come to work sick, say they have to work. and they can't afford to miss a day, what would you tell these hard working folks. >> to look out for the person next to them, sanities your keyboard, watch your hand --
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wash your hands, but, you are a disgrace when you come to work sick, don't tell me your employee forced you to do it because you may have a -- the guy next you to may have a pro drone he may not could sick for first 5 days u. that you gave him the flu there is a really bad blu flu. you may be harboring it for 7 days at work, getting everyone around you sick, stay home when you are sick, don't spread that viewer to us people next to you. >> virus to people next to you, i will write you a doctor's note. >> thank you for that update, i was going to say, i've not heard much about the flu season or people talk about it. i am glad to know -- not gad to know it is bad but update. question, is the flu virus responsive to spot this -- shots this year.
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some years they miss. >> so far so good, bite way, we'll talk more about this if not for things like impeachment and iran. >> maybe. >> but, shot -- you want to get quad rah have a lant shot, it covers 4 strains, two of the b. -strain, those two are pretty well covered by vaccine. david: dr. mark siegel thank you so much. >> thank you. david: mike bloomberg is willing to spend big bucks to 2020 elect shin ttionelection to take out t trump, are critics right about him buying his way in? coming up next. become your prob. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise.
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(second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready. with your dna results from ancestry®. i was able to discover one cousin, reached out to him, visited ireland, met another 20 cousins. they took me to the cliffs of moher, the ancestral home, the family bar. it really gives you a sense of connection to... something that's bigger than yourself. greater details. richer stories. and now with health insights. get your dna kit at ancestry.com. david: mike bloomberg suggesting he is open to spending a billion dollars of his son mone own mon0
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election to beat trump, even if he is not the nominee. but his spinning does appear to pay off, bloomberg is now past buttigieg for fourth place in the real clear politics betting odds average. they are by no means scientific, if the trend continues he could soon move to third ahead of warren, is he on his way to buying himself into the race? >> i think he spent a billion during the football games yesterday. i will tell you every other commercial was bloomberg how great a businessman he is and how everyone needs healthcare, i expect more, live the people that take other people's billions, to spend on their campaign. complaining about person who is using their own money to spend on a campaign. i have no complaint, you know,
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he is doing it by the law, god bless him, the chips fall where they may. >> but, i think people are missing, he has already spend hundreds of millions to get this far 2 the race, he is counting on is a broker convention that nobody breaks free. and wins this nominating race, they to convention, and all these hundreds of delegates that are there because they are in an office or they have been involved in local mol tibbs for democrat -- politics for democratic party, bloomberg has been there, he has been in virginia, texas, they owe him, is she buying himself in -- is he buying himself in, yes, it half done. >> his message resonates for center of the party, i support any manager that hasek -- execution alex lenal, excellencs of track record, the mayor did have. if we have a candidate for democratic party is someone who
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has achieved success withic executional skills bring the hi. >> idea that the primaries are perfectly democratic and this billionaire comes along and upsets the apple cart is ludacris. this has lead to strange outcomes we see both in republican and democratic parties, it does not tend to represent the ones that are most representative, if someone wants to come alon asay i'm not usingi am using my own money, he still visit too win the votes. david: a chance. >> he -- according to people that i talked to in his campaign he has a marginal chance, but it keeps going to pa far left he ha better chance. >> they tell us -- >> gary. >> go ahead. >> i'm sorry. >> only thing say, bernie
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sanders may not be, electable national i b, his followers dont know, that they will be so ripped. >> gary. >> i find that thrilling year ago they told us we would have campaign finance reform, they never told us, that would take billions. david: true, before we head to break, what is coming up on "evening edit" with elizabeth macdonald. >> we have a former top israeli diplomat in the debate breaking out in the u.s. human right watch dog groups demand iranian leaders be charged with human rights abuses. will history show that democrat and media violence is iran's abuse of its own people is a disgrace, and democrats remain silence don't deserve to be
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leaders of world's greatest democracy. >> we'll be watching thank you. >> america land of the free, home of the brave, but not good enough for some people, a new study shows young americans no longer believe that this country is greatest country in the world, campus reform's eduardo is snoining u joining us next. s. ...lots of money with liberty mutual. we customize your car insurance so you only pay for what you need! [ grunting ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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campus reform, what do you make of this? >> it is strange to see it. then see how your young americans think here, this type of anti-american trend is something that we've been covering for years, two major reasons why, first is education. by time that students get to college, they have gone through several years of anti-american liberal bias from teachers, from administrators, and it just perpetuates overtime, other area, is in media and politics, best example is president obama, he was president, he champions messages of anti-americannism in his speeches, we remember, the america apology tour he went on, and what michelle obama said shy -- first time she was proud of her country, when she was an adult, if you are a your honor g american, no wonder. >> i think a lot of republicans would like to change the tenor
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of education in this country, to be more balanced and more pro-u.s., it comes down to the humanities, history, and economics. how can we do that? how can -- what is the best way to approach evening the player field for conservative arguments? >> sure, i think it will be a bit difficult to change professors in the classroom, that is hard to do, but what americans can do, is to support conservative activism on campus, there are a number of groups that teach history to students, who push conservative messaging on campus that work with student newspapers, and i think that one good thing from my experience in interviewing some of the liberal students to campus, is that even though they disagree with me, often at the end of our conversation, saying headlining to -- they are coming to -- wilo consider other points of thought, if one can talk to young american students, if you could get this to change their
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mind a little bit open their mine we could push a long way on this issue. >> i think calling michelle obama and obama himself anti-american is pushing it to an extreme tha unnecessary. to be self critical, part of what makes america such a powerful country, is the ability to look at ourselves and recognize woo have flaw -- we have flaws, and lump it to even of americanism. you know, i am not sure what value are you adding by labeling that of being self critical label that anti-american as appoint to lauding degree of which it is a strength. >> well, i want to be clear, i said was that -- in their messages some speeches they push a lest anti-american view pains, -- very points that america is not necessarily better than the world. >> that not anti-american.
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>> i never said they were anti-american, you are right in since that america has not been a petitioa perfect country, butt makes us better we have system in place to correct our ills these thens that we talk about historically, that were maybe wrong and incorrect. it is not a pro america. message that is what i was alluding to. >> something that every stun stt goes through, when i was in college, i was a socialist, until a got my first paycheck after i graduated then a met tax, then i became a capitalist, now i am a right wing atila the00--atila -- atila the hun. i want to save my money. the fact is that when you get to
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real world it real chews you up. david: you have 10 sends. >> all about age? >> i think so, i hope so, i hope when young americans get to workforce as kif know said theyl chain will their mind, if not we will have candidates bike learne sanders or elizabeth warren. >> thank you. >> thank you. >> queen elizabeth ordering an unprecedented emergency royal summit today over prince harry and meghan markle's bombshell decision to step back from royal duties, what the queen announced about the couple's future roles and how it could impact us here at home, next.
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her home to discuss the couple's bombshell decisionexit royal family. the couple will initially live in canned today before they move to los angeles. kevin, do you care about this. >> this is great line in the movie "apocalypse now," which i use over and over again. never get off the boat. the you remember the scene where the tiger attacks one of the guys. never leave the royal family. when megan is 55-year-old mid aged mother with three or four kids i think she will have a hard time making any money. >> they will be like the wind doors, traipsing around the world look for people who want to be in company of celebrities. everyone is excited how much money they have the brand or sussex, whatever. you will buy dinnerware that says sussex on it? maybe sheets an towels. i think it is ridiculous. >> i think you're missing a, real royals of beverly hills show coming to a network near you.
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ability to brand themselves, make money will surprise us. david: gary, five seconds, do you care. >> i care more about who will win the oscars than this which means nothing. david: i'm with you, gary. that does it for "bulls & bears." thank you for watching. see you next time. liz: president trump on the move at this hour. we've got the latest on that as democrat credibility on iran, on impeachment, even the 2020 election, getting worse. tonight, new and deeply disturbing video showing iranian forces using live ammunition, tear gas and water cannons to attack their own people. as protests in iran grow. iranians saying our enemy is here, running our country. new reports iran's own politicians now demand that iranian leaders quit as the regime finally admits after days of denial it did shut down the ukrainian plane, killing
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