it's like bigger than the steroid thing in some ways. i don't know it's crazy. >> i don't know about that but it does really it takes the fun away from it but you know. on that happy note, happy friday connell: have a great weekend here is bulls & bears. president trump: we just had another all-time high for our stock market just hit, so that'll be 149 times in less than three years, that's not good. coach that's good, right? >> [applause] president trump: we just made the two largest deals in history , with with china and mexico canada. david: the president celebrat ing withlsu, two major trade deals done with our top three trading partners and he says they will have a huge impact on the u.s. and on your wallet this as investors cheer a record run for the markets all three major averages closing at new record highs again today the dow already seeing its fifth record close of the year it's the sixth for the nasdac and s&p

500. hi everybody this is bulls & bears thank you for joining us i'm david asman joining me on the panel today jackie deangelis , adam lashinsky, jonas ferris and gary b. smith good to see you all. here is white house economic counsel director larry kudlow giving the good news to our own stuart "varney" earlier today. listen. >> usmca can i just pause on this? i mean, these kinds of trade deals are like tax cuts. they open market, they lower barriers, they provide strong domestic content on usmca just to here is the deal. you look at the midpoint of the economic growth estimates. it will add three-quarters of a percentage point to gdp. it will add more or less 350-37 5,000 new jobs per year, and probably at least 100 billion additional direct foreign investment into the united states. david: so jackie kudlow is

arguing what we have is a fiscal stimulus that this is going to make us grow a lot more than we have been. >> i don't think he's wrong in that regard and we're watching see how it actually impacts the economy but one thing i'll say act the stock market is these were the major pieces of uncertainty hanging out there. the market is up because it feels confident the deals are nald the negotiations have taken place and the economy can move forward and get back to business as usual and that's what's important and it's not just about trade right now. it's also about the fundamentals , we've got good data coming out and you've had a very strong start to earnings season. the big banks really reporting. david: and jobs, you can't talk enough about jobs. >> so right now i don't want to say it's the perfect storm but it is the perfect storm and i will say as i watched the dow it's over 29,000, it's a little scary because you do wanter how much watersidesser it can go. >> the economy is strong, and kudlow was talking about the trade deal so let's talk about that. look, if we get half the

spending that the chinese are supposed to do from this trade deal, it's the best deal for america since the louisiana purchase. that said, is it a pure global boom? is it, it's not really in some ways the most free-market thing in the world. for example, china right now buys oil & gas where it's cheap. they put a pipeline in with russia that's where their number one supplier comes from. if they have to buy it from us believe me they would have bought it from us believe it or not because they want to push up the value of our dollar and weaken their currency but it doesn't make sense to buy it from here and if we force them to do that, it will drive their currency weaker, and it's going to hurt other countries, russia for one, among other emerging markets that supply oil and that's great for america, it's a great deal as i just said for america, and as it is meddling with a global economy. david: that's a net plus? >> for america it's a net plus no question. david: despite all this economic news president trump predicted his two massive trade deals would probably take a back seat to impeachment in the news

cycle. listen. >> president trump: i did the biggest deal ever done in the history of our country yesterday , in terms of trade, and probably other things too if you think about it. the deal with china, and that was the second story to a total hoax. today, we just had passed the usmca. it's going to take the place of nafta which was a terrible deal, and the usmca will probably be second to this witch hunt hoax. david: actually the president was wrong. it wasn't covered second. it wasn't covered at all. at least not in the three major broadcast networks last night. let's bring in media research center vice president of business, and dan gainer. great to see you happy friday. i think to ignore a story that's going to effect americans lives certainly i think on a day-to-day basis more than impeachment will, it's in competence and it's negligence. willful journalistic negligence, what do you think? >> yeah, it's journalistic

malpractice because you know they did it deliberately and they didn't just have him in the back seat. they threw the american public and the president under the bus. you know, they don't care about good economic news. we did this great study where we looked at all the media coverage of network news, from the impeachment on through just recently. so 100 days and of that they did nine total minutes less than 1% on economic news, because when they cover economic news, they have to make trump look good and they almost entirely refuse. david: gary? >> well, no. i guess i kind of agree with you dan and i kind of don't. you know better than any of us how the media works, and to be honest with you, does the trade impact every one of us? absolutely. is it, to be honest, inside baseball? it is. if you asked 99 out of 100 people in the street what usmca

is, they're going to say that's the aviation branch of the marine corps, right? or something like that. they're not going to know what that is. impeachment right now is what is selling. i do agree with you on your other point though. the liberal press, the mainstream media, they don't want trump to look good in any regard, so even if it was of interest to people, they're certainly not going to run the trade story but i just think the average person out there, honestly, isn't interested in trade. >> let me amplify what gary is saying there, dan for a second. you talk about what normal people understand. they take a group like media research center, they would think oh, you research the media but in fact you exist to hammer the liberal media as you define it. that's your job. >> good for you, you're doing a great job at it. gary makes a good point. we have two trade deals one that's incomplete, good for the administration but it's not done

, and then another that's a tweek of this horrible agreement that existed before, versus the third time in the history of the republic that an american president has been impeached. i kind of think that's a bigger story. david: but adam do you really think that nine minutes of coverage of not just the trade deals, but the economy in general, compared to 849 minutes of impeachment coverage is that a fair comparison? >> i try to watch as little of it as possible but that's my prejudice david. >> the point is yes impeachment is a big story. i'm not disputing that. they didn't just show impeachment last night, and nbc ran like a minute and a half about its own new streaming service. it ran another minute and 20 about a family with four kids doing driver's ed and they do a lot of these other stories that

they seem to make time for, when they could do 30 seconds on this and say this is important because it needs a boost to the economy and it boosts jobs and look what it already did with the stock market. >> did they do it the day before by the way? did they do a trade story the day before because everyone knew the trade story was going to happen on wednesday, it wasn't news. i'm just curious if you analyze that. >> i don't believe they did but i'm not 100% sure. david: 849 minutes versus 9 minutes. you may say talking about trade is a total snooze fest but what about the rise of anti-semitism in this country? the new york posts that cnn had the opportunity to interview vice president pence in israel to talk about the issue but cnn said nope we're not doing it because we need wolf here to do wall to wall impeachment. i would say that you're throwing away an opportunity there. >> yeah, and that's ultimately the media spin everything when you look at anti-semitism, so we could do hours on just how

they've ignored everything going on in new york there, and but it ultimately is they're pushing a narrative and when you push a narrative so far that you ignore major national news, that effect s everybody, then you are doing bad journalism. dan are you being a little short -sided in the sense that you see where the future is it's obviously when you pick-up your phone and google gives you the news you want to read not that you need and that's really the ultimate direction it's going and even these media outlets, people want to read about certain things, doesn't mean what you need to know but in the futurities zero minutes for a trade deal because nobody cares and i talked to millennials would didn't know there was an impeachment going on because their news feed is the stories they want whether it's sports or entertainment and it's based on traffic and profits and clicks, it's not a liberal or white-wing bias as much as i think you think it is. it's going to be all computer- driven anyway in the future? why are you concerned? >> if you're talking about algorithms, great that's not what they're basing their

evening news on. >> not on ratings? >> that's just what people want , what people need. do you think the viewers want to see endless impeachment coverage no. they're giving them what they think they need, and so then, what you're saying -- >> dan they're giving them what they want that's what i'm talking about. these people want to see these stories you're talking about. that's why they exist. >> is that like the impeachment >> they're not brain washing people, there's a certain audience for every network and the future for -- david: that audience is going down in a part of cnn and msnbc so maybe they are going in the wrong direction. >> this is a bad direction so if you look 20 or 30 years out people only know what they want to know and it's a bubble in itself but i think you're mistaking it for a slant of brain washing. >> jonas, i do agree with dan though, i think you're wrong on that. they definitely have a narrative i don't think, yes, people want impeachment coverage, but honestly if they, given what

people want, they would do 30 straight minutes of what's up with the kardashians. >> take your kid's phone and look at the news feed and compare it to yours. >> they are pushing a narrative for sure. >> i agree with that but pick-up your kid's phone and your phone and look at the same news and you'll be surprised how different it is. david: i'm not sure my kids have much news on their iphones, thank you very much dan great to see you appreciate it. groundbreaking news on housing, a major indicator just hitting a 13-year high. we're going to take you, tell you what this means, for your house. the one you want to buy or the one you have, that's next. at fisher investments, we do things differently and other money managers don't understand why. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs.

but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different.

we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. david: spectacular numbers today on housing, starts jumped 16.9% last month the biggest jump in 13 years and jackie you've been digging down into the numbers. >> is the housing starts came

in at 1.6 million with the highest that we've seen since 2006 and the jump year on year was a little bit more than 40%, single family homes highest level since 2007 multi-family the strongest since 1986 so what's fueling this right now obviously is low interest rates i went on freddie mac's website 30 year mortgage rate right now 3.65 but it's not just the fed it's also the momentum what we're seeing out there. people are more comfortable putting down their money to buy a home because they feel good about the economy. the other thing i would add is you have so many people saying you can't look at the stock market as the barometer. we know who those people are but some of the fundamentals are really strong here, so are corporate earnings. david: adam? >> obviously the low interest rates are what's driving this, but also, as i think there was a mention earlier, american banks by and large with a few exceptions are in very good shape beings and that's partly because their balance sheets are much better than they were in the great recession, they will stay that way thanks to some of the reforms that happened and

this is good news for the economy and for the housing market >> well, it's interesting that there are really two differe housing markets. first of all there's the new home and then there's the existing home market and those are two different markets. second of all the market that jackie is talking about is what i would say mostly entry-level homes. they aren't talking about new, you know, $4 million spec homes they are talking about 2 or $300,000 homes. that market is strong. i know it's strong even here inv iro, but if you look across the country, at the high end homes call it 2 million and above high end obviously is different in new york city than it is in des moines, but call it 2 million and above. that market is really suffering. you can go on to zillow and pull up all of the $2 million homes you'll see price reduction after price reduction so my thinking going one level deeper is people

, millennials and whatnot, want to get into the new people of my age certainly are not moving up to the higher end and that's where a lot of the money is and i'm going to collapse because people like me -- david: you're a watter. the headline is it's the best market of housing starts in 15 years. >> i'm saying there's more to that headline. david: david i think it's pretty positive. >> yeah it was good news in 2006 too, so if 2006 ended really well for housing we can say this is good news but you don't want too much supply to hit a weak market but the thing that concerns me about it actually and i think housing builders have been smarter than in the past and they're not flooding the market with new homes going broke like in the old days, it always seems like we're about a 1% interest rate increase away from a catastrophe and real estate. it almost happened last year, with rates at 1% more, so i would be weary about building a lot of inventory into a market that if rates and i don't think rates are going up but if they

went back to where they were last summer there's no demand. david: it's unlikely we'll have a buildup of inventory because there's so little inventory available also because there aren't that many construction workers and there's a worker deficit because of the fact we got such a good strong job market. >> i would rather there be fewer homes on the market and prices stay strong with higher interest rates personally, but i'm sure this is good for construction. david: quick last word. >> if i can just make a point, pete buttigieg said a lot of the lower income people are not being able to take advantage of what's going on in the market right now so to gary's point the strength in this market shows people are having an opportunity to attain that american dream beings and i think on the higher end the reason you're seeing those price reductions in people trying to sell is because they're scared of the election and what could potentially happen. david: meanwhile, if that's not enough to worry about although i think it's good news, gangs ayat ollah slamming president trump, with tensions between the u.s. and iran, are we safer than we were before all

of this, we'll be asking, coming up next. as a caricature artist, i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

hey. ♪hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today.

david: iran's spiritual leader, leading friday prayers striking a tone again against the west praising that general soleimani and the strike on u.s. bases in iraq that followed his killing we're now learning that 11 u.s. troops were treated for concussions from those attacks, and here now is congressman guy rushenthall er, a former navy officer who served across from the u.s. embassy and congressman , what started this was not the killing of soleimani but the attacks on the u.s. embassy being directed by soleimani, right? >> that's exactly right.

so many people just think that the timeline started when we took out soleimani. they forget about the iranians stopping our embassy, a week before that they forget about the iranians shooting rockets into the u.s. and iraqi base that actually killed an american and they forget about the fact that iranians shot down a $100 million drone, and the fact that they see the british oil tanker, you're absolutely correct, but i can tell you we're safer today than we were before because a red line has been drawn, the iranians know that they can no longer kill americans or no longer storm our embassy without there being repercussions from this president. >> congressman i was able to sit down with the crown prince, the former crown prince of iran yesterday and we talked about this notion of deescalation and the president wanting them to come to the negotiating table and i asked him with this regime being in power for 40 years with the deep roots of islamic culture and beliefs, if you will , that are spread within the region, if it's even possible to have a dialogue, or if this is

just going to become tit-for-tat escalation and i didn't know about the 1 injured of course that was new news coming out overnight. >> well it's a shame there were 11 injured but the key is that nobody was killed, and also, soleimani can no longer continue to plant attacks and no longer orchestrate she a malitia groups that rocket u.s. bases, so we've isolated that threat but i am cautiously optimistic on iran moving forward. they had significant issues domestically ands gangs ayatollah speech was them trying to save faith and put down pressure he has from the pro-democracy movement within his own country. david: i want to give jonas a chance but we just had a tweet coming in from the president saying "the so-called supreme leader of iran whose not been so supreme lately had nasty things to say about the u.s. and europe their economy is crashing. their people are suffering.

he should be very careful with his words" to which you'd respond what, congressman? >> well this is a nation that's on thebrink of chaos with iran. they've put down, they are trying to put down these congratulations and they've ruthlessly killed up to 1,500 individuals. so this is a regime barely hanging on. that's why we have got to work with our european allies to make sure we continue the maximum applied pressure, so we deprive this regime of money, and the resources necessary to spread terror through the region and hopefully, they will collapse from within through the pro- democracy movement emerging. david: hold on a second go ahead jonas. >> guy, i like the idea of taking out the best and brightest so to say of your enemy, but do you think the replacement gets into the risk reward of this whole thing is more or less hostile to u.s. interests abroad? >> well it certainly won't be the mastermind that soleimani was. soleimani was the equivalent of

the cia director that commanding officer and he had almost like a general patton type so he won't have that that soleimani did but it's very important to know, there will be repercussions. iranian generals can't come into baghdad to plan attacks on our embassy and our allies and our u.s. service members. david: congressman i want to switch to the impeachment trial. you were on the house judiciary committee, you still are so you watch it with great interest. the big question about whether or not we'll hear from witnesses and republicans of course claim the witnesses turn the trial into a bigger sham than what it already is. democrats say not to have witnesses amounts to a coverup, but what if the democrats are the loudest about witnesses were singing a very different tune about 21 years ago when he participated in the bill clinton trial. this is what democratic senator chuck schumer said about the impeachment witnesses back then. listen. >> this idea that they didn't have to call witnesses in the

house and they should call them in the senate doesn't make sense you call witnesses before a grand jury and you call witnesses before a trial. david: so congressman which schumer has it right? >> the schumer from the 1990s has it absolutely correct. this is a two-step process. the house investigates, they are the investigative body and the senate tries the case, so the fact that the democrats want witnesses now in the senate shows you how weak this case was in the house. nancy pelosi, chairmanschi ff, nadler they should have called these in the house during the investigation. they didn't because they knew executive privilege would be invoked and it would bust their political timeline. they wanted this done before christmas and now chuck schumer has a mess in the senate. david: gary? >> oh, i'm sorry i didn't realize it was me. congressman thanks for being on the show. where do you see the timeline going right now? it sounds like we've had weeks of posturing from pelosi &

company, and now it's in mcconnell's shoes. do you think this gets resolved quickly or do you think it's spread out and what benefits president trump the most, do you think, quick or spread out so he's fully exonerated? >> the longer this linger, the more president trump improves in the polls with swing voters so i think the longer this goes on the better for president trump and it also pulls the democrat nominees or the democrat candidates away from the campaign trail. you know, there were rumors around here in congress that nancy pelosi actually sat on the articles of impeachment because she wanted to give an unfair advantage to joe biden, basically to keep bernie sanders in session dealing with impeachment so it will be the second time the democrat establishment has sandbagged bernie sanders. now i don't know if that's true but that's certainly the rumor mill in congress is that's why she did that was to give him, joe biden unfair advantage.

>> so you don't know if it's true, but you're happy to pass it along on national television, whether or not it's true, correct? >> well it's speculation, but it does make sense. again, there is a history for the democrat party trying to sandbag bernie sanders. it also hurts elizabeth warren. >> and do you think -- david: quickly go ahead. >> do you agree with the characterization that the proceedings your colleagues did in the house constitute a hoax and a sham? >> i do. this is a very weak case, as a former district judge i would dismiss both articles for lack of merit, the evidence isn't there to support this, this has been a political hit job from the start. david: congressman great to see you again and again thank you for your verse to our country, thank you very much. >> thank you. david: from the left after republican senator martha mc sally called out a cnn reporter and now one cnn correspondent is entering into the fray, whose really going too far here, more on that, coming next.

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 quitting smoking is freaking hard.st, like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette

when you look at the world, ♪ what do you see? ♪ where others see chaos, we see patterns. ♪ connections. relationships. ♪ when you use location technology, you can see where things happen, before they happen. ♪

with esri location technology, you can see what others can't. ♪

should the senate consider new evidence as part of the impeachment trial? >> you're a liberal hack, i'm not talking to you. >> you're not going to comment? david: cnn in a meltdown after arizona republican senator martha mcsally called a cnn reporter "a liberal hackett as you just heard and now mcsally is refusing to apologize here she is on fox news last night. listen.

>> these cnn reporters, many of them, around the capitol, they are so bias, they are so much in with the democrats and they so can't stand the president and they run around trying to chase republicans and ask trapping questions. i'm a fighter pilot, you know, i called it like it is. david: now her campaign is going one step further selling liberal hack t-shirts but on the other side cnn is telling folks in arizona not to cast their vote for mcsally and what liberal media publication calls a "total abandonment of objectivity" so whose going too far here, gary? >> well, i think the mainstream media is. i think mcsally is or was appropriate. look, i think it's a calculation all these politicians, i think, are thinking one step ahead, and the fact that she's followed up with t-shirts thinks hey this is a political abandonment, this is going to get me re-elected.

was it coming from the heart originally? yeah, i think so. it's no different than when trump calls the liberal media fake news, so i see it now, all around. i seen in fact i've seen websites saying that the last debate that cnn hosted wasn't, they didn't quite say it wasn't partisan enough. they didn't quite make the democratic talking points that they should have made, so i feel her anger. i think she's on the right on this one. >> here is the part of gary's commentary that i agree with. he said it's a calculation, and i think that it's a real shame that the calculus has changed, because david, i think that it's a dead serious problem, when we americans can't disagree with each other without insulting each other and as an example, we like to have fun with this on this program. i disagree with my friend gary all the time, and i don't ever insult him and i'm just really

sick of it. she says she's just a fighter pilot defending herself? that's nonsense. she's behaving badly, and the rest of you, frankly, are afraid to say so. david: no, no, no, hold on you just ended by saying you don't insult us and then you insult us >> you liberal hack. david: yeah! [laughter] the point is, adam, that journalists and i've been one for longer than i care to remember, about 40 years now, journalists should get used to insults. that comes with a job, and very often, there's such a relationship. i get worried when there's tooch umm y of a relationship between journalists and politicians. >> absolutely there has to be this line of respect when you're a journalist, you have to remember their position and their authority and you're not supposed to take sides. it must be very annoying for someone like mcsally or anybody else to be bombarded with questions, for example,, that are trapping as she says.

and to a certain point everybody oula human being and everybody language, i'm not condoning calling people names but i'm saying everyone is a human and it does get on your nerves. >> look there's a lot of bad journalism i don't know if i'd go so far to call it fake. this guy had a history, made a mistake, had sources on the anti-trump story and if she wants to call him out that's fine but to discredit a legitimate question over he's a past liberal hacker so to say is a bridge too far that's heading down a bad direction. david: last word on the subject meanwhile criminals released back in the street right after committing violent crimes new york state assemblywoman says governor andrew cuomo will have blood on his hands, from his criminal reforms, as he calls them. she's here to sound off, coming next. i'm your 70lb st. bernard puppy, and my lack of impulse control, is about to become your problem. 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. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, like me. sorry! he's a baby! most people think as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (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. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates

my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.

>> it's predicated on wealth,

so if you have access to wealth, you make bail and if you don't have access to wealth you don't make bail. that's not justice. there's no doubt this is still a work in progress, and there are other changes that have to be made, there are consequences that we have to adjust for. david: i'll say new york governor andrew cuomo is kind of downplaying the consequences of new york's new no bail release law, which are shocking indeed those consequences as violent criminals are being allowed to walk the streets without putting up bail almost immediately, and some examples. a serial bank robber was just released again, after his sixth holdup since december 30, 2019. a man arrested for sucker punch ing an nypd cop was released without bail, despite multiple charges a woman accused of slapping three jewish women yelling anti-semetic slurs was released the same day without bail only to be arrested a day later for punching another woman in the face so what happens to a

city when politicians put the rights of violent criminals above the safety of police and innocent civilians? let's bring in new york state assemblywoman. good to see you. thanks for being here. >> thank you. david: i would think if you can get away with punching a cop in the mouth and then rolling down in the sidewalk with him as this crazy guy did, you can get away with anything right? >> and he had 24 prior arrests. david: 24. >> it was one other example horrific on christmas eve a young mother of three was killed by someone who was driving and in this country illegally, and he was at the scene, apprehended and they released him back on the street. >> it's all tragic to me but what bothers me the most about what governor cuomo just said is that bail should be dependent on what class you fall into that because rich people can pay bail for example, and poor people can't they shouldn't have the same standard. the rules should be the same for everybody no matter who is breaking the law and it could be

adjusted to be at a level that is, you know, more affordable or reasonable, but to have no bail and allow these people just to continue repeating the crime, there's no messaging to them that says don't do this any more >> you're absolutely right. look people agree that the bail was needed to be tweaked and changed; however this was just eliminating bail, and talk about some of the serious crimes. criminally negligent homicide, manslaughter, strangulation, stalking, assault, aggravated assault of a child. i have the list on my website, and this is just very extreme and not only that we are no longer protecting the witnesses so within 15 days of an arrest the witnesses information is turned over to the defense, which will lead to certainly to witness intimidation and other people not coming forward. it's really scary. there's a separate issue apparent that we're criminaliz ing psychiatric cases but i want to go down the path of a specific thing. look criminals do crimes we lock them up for life there would be

less crimes but there is a cost here too and what is the cost to taxpayers when someone is not out on bail. i heard rikers was $300,000 a year so what does it cost to keep someone around a couple months because they can't make a $10,000 bail what does it cost taxpayers? >> well we're seeing human life is the cost as someone very dangerous to society someone has a criminal history and we shouldn't be taking away judge's discretion. tweek the bail system. don't throw it all out, and that's what we're doing in the state of new york and one of the arguments is because they want to close rikers island that's not a good argument to say we're going to release everyone. >> or $300,000 a year in damage there's a cost benefitment but what about the two people killed? david: adam go ahead. >> it's interesting because this is becoming a national trend in san francisco they refer to it as cash bail and they are focusing on the money, but i take your comments that the system needs to be tweaked, as being very constructive, so briefly, how would you tweek it? >> well look first of all we

got a restored discretion for the judges we have to be able to consider dangerousness if someone poses the safety public safety threat, we have to look at someone's criminal history and i think the judges need to be able to make a decision based on that and have full information. we can use or certainly look at bail for low level offenses for first time offenders but when somebody has a lengthy wrap sheet or it's a very serious violent crime, we shouldn't be considering that. look, domestic violence victims you could be stalked, strangled, assaulted, and the persons arrested and released in fact it happened in upstate new york, the person went right back to the womans house and thankfully caught and now being held without bail but that could have been a very different circumstance. david: gary? >> yeah, nicole, i'm curious, i'm going to go right in your wheel house here. it seems obvious what you're for here. there should be some kind of bail system especially for violent criminals that's like a no-brainer, for crying outloud so i'm curious, what is the

political calculus, why was this even passed, who benefited from this? that's what i'm trying, is it just a financial thing, as jonas alluded? because beyond that, i can't figure out what politician, or group of people benefit from this right now. you want to hear what's really crazy? we had the advocates in albany this week, actually lobbying for more changes, saying it doesn't go far enough. it's the far left wing, far left organization that are pushing this, and the governor is afraid to make changes to upset them, meanwhile new yorkers are at risk and we could be reasonable about this and make tweeks and sign my petition because you just want the tweeks done to fix the system so we're not jeopardizing. david: nicole i have a final question the last one i'm afraid because we've been here before. we had a terrible crisis with crime all during the 80s led up to 2,200 murders every year. we now have less than 400, because we stopped turnstyle

justice, because we put people away, and we did it while saving money, while cutting the new york budget. not increasing the new york city budget, so i mean, there are answers, there are solutions, and these guys are going back to the things that don't work. >> and instead of keeping someone in jail and i think it's a revolving criminal justice system if we are not dealing with an individual's underlying issue sometimes if it is mental illness for example,, we're not dealing with that. they are just releasing people back on to the streets so they can assault someone else and be a danger to themselves so one of the things they need to do is expand kendra's law to petition. david: the most important role of government some people say the only role that should be for government is keeping innocent people safe, and the government here is not doing it we got to move on great to see see you thank you for being here. appreciate ewell california residents sounding off over a new proposal to cut traffic fines for low income offenders is that fair? we'll debate it, coming next. >> whether you're rich or poor,

it's a money making scheme for the government. i'm all for it. and support, you get a break, i say go for it. i don't agree with it. under the law we all should be the same. oh, your mom just texted. she's landed. and she's on her way to our house. what. i thought she was coming 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.

and with the sxfinity stream app, screen is your big screen. which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love.

david: california governor gavin newsom pitching a controversial new proposal to cut traffic fines in half, but only for low income drivers. now the state which has driven out residents with high taxes, and unaffordable housing is still owed nearly $2 billion in unpaid fines right now. now california seemed to be sort of split on this, listen. >> the problem is they probably aren't paying anyway and just losing their licenses, or their cars, and then they lose their license, then they lose their

insurance and then they lose their car. isn't it better to keep people in their cars, going to work and making what little money they have? why should they get a break? >> if they committed a crime really it's a parking ticket or a speeding ticket or whatever, so pay the fine. david: now the law would effect those making $27,000 or less. they would be paying the cheaper fines, but is a two-ti er ed system of fines unamerican adam? >> yeah, it is pretty unamerican. this isn't completely unrelated to the last topic. this is public policy trying to help a certain segment of the population, that is the least advantaged part of the population. by the way in san francisco and lots of other places they are also no longer collecting library fines because they found the poorest people owed the most to the library but to your point they aren't collecting library fines for anybody. david: right. gary? >> first of all, there is still

library fines? >> yes, yes, oh, god, yes, gary >> but i disagree with you in, well the main aspect i guess, and this is actually, i think a step forward. look, if you think that if you're like me and you think the best way to tax our income is just a flat tax, everyone pays x percentage that's the fair, it's not regressive or progressive whatever. look these flat fines are regressive. they do effect the poor, more than the rich. it should be, there should be a tiered system actually. that would probably increase revenues, it would get people to pay, and i think that it's the most fair way to go about it. >> i'll take gary's point even further and tell you what's unamerican is these states including california have used a fine system as a tax, a lot of states close budget holes they have, and georgia, i'm not calling out the state, but -- david: yes you are you just did they added a super speeder tax to close the budget hole without

raising income taxes which is politically unfavorable and now you can get a $500 ticket for going 15 miles an hour over the speed limit and they didn't get rid of it when the budgets got better. california did the same thing, the ticket numbers are not deterrence any more, they are revenue enhancers and therefore, unfair to people in a higher bracket so they really should fix it and stop using penalties as a way to have a tax, just have a tax. >> everyone made good points so my question is why wouldn't we just lower the fines for everybody, because that way it would be fair, right? david: but again , there's so many points where they talk about fairness and unfairness and that you need a uniform system. gary to your point i know we don't have it with our tax system but should we add another evil on top of that one? >> well i don't know what you're talking about. david: we have a progressive tax and not a flat tax where everybody pays the same percent. i think that's a mistake, shouldn't we have the same with

fines, why do you want to add another injustice on top of one? >> i don't. i want a flat percentage tax. i want to fix this one, right now it's a regressive tax that higher income people, by definition, are paying a bigger percentage of their income in traffic fines. david: i think if you break the law you got to pay the fine. you'd pay the $500 tax. david: you got to do it. all right we got a business alert here former republican congressman from new york, chris collins just been sentenced to 26 months in prison and fined $200,000, after he plead guilty to insider trading. we're going to continue to follow this story for any new developments as we get them right here on fox business. well it may finally be okay to lay down on-the-job. details of a new desk hitting the markets. the company says you'll actually get more work done, by laying back like this guy. more on that, coming next. >> ♪ sweet dreams are made of

these, who am i to disagree, i traveled the world and seven sea s, everybodies looking for something ♪ do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

who has dreamed about kicking back at work and getting away with it? a new one works. it lets you work while reclining and magnets keep everything in place. $7600. they say it will boost circulation and productivity. could you be more productive with this? >> actually i like this when i first saw it because everything standing, i can't do it. you need to work in this position, you're working too hard. >> that's a little extreme to me as terms of lying down. nobody will admit they want to lay down on news at work. people with disabilities though, it could help.

>> those known for putting their heads down on the desk from time to time, i approve. >> we'll have to wait for you next time. thank you all for watching. we've run out of time. we'll see you next time. >> it's a story we broke last night. former fbi director, james comey again at the center of adjusters department probe into illegal medial leaks. this time, to shape the narrative of a colleague's legacy. closing the fbi probe into the hillary clinton e-mails. how far did james comey go in manipulating the media? it sets the nations conversation. it's not just this one story. it's not just the mueller probe or clinton probe.