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tv   Bulls Bears  FOX Business  January 20, 2020 5:00pm-6:00pm EST

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county parts to the ground. you don't need camouflage in space. deirdre: taxpayers say okayism connell: thanks for joining us, "bulls and bears" starts right now, we'll see you tomorrow. >> today markets are closed but we're open for business, you need an edge on the economic news. you won't get that on reruns from cnbc, stay with fox business. >> ladies and gentlemen we're coming to live on this martin luther king day, president trump set to leave the white house about an hour from thousand, traveling to world economic forum gathering in davos, switzerland, he has two major initial trade deals and a -- international trade deals and a booming economy. will world leaders take notice. this "bulls and bears," i am david asman, joining me jonathan, liz peek, gary kaltbaum, and zachary.
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as the trump economy roars ahead with record job numbers, a booming stock market and wage growth, particularly among the blow collar workers,ureio zone -- eurozone economies are just limping along barely, 1% or less, and unemployment rate hovering when 7.15%. will the self-proclaims generouses at davos find something that works, we brick in liein lieu -- lou dobbs. >> you think that euros will listen. >> i think they are paying attention and globalist elites, are beginning to question some of the assumptions that has gripped the eurozone for a long time, i think they understand the price they are paying with the systems they have chosen. and that to see a business
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friendly president, in a wide open capitalist free enterprise economy, is probably creating some considerable envy right now. >> excepts there europe you have a obey sans to green parties, one thing they seem to be unable to do is confront that. the problem have to do with power costs 5 times when ours are, they are not fracking, not allowing nuclear power, how do they confront that, it teams that tide is going the wrong way. >> i think that every system, irrespective of con continent is on, everyone will have to come to terms with how to drive energy at a reason able cost with innovation, whether you
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have scarce foss i fossil resour plenty. we're watching an amazing dialogue, free enterprise in this country is a model for ha is succeeding. >> and our economy is a lot bigger than theirs. we should not be growing -- they should be growing more than us that tells us what you need to know, when you see the protests over there, they are protests the state and how big the statement, unfortunately they are used to state they want more of state, when the state keeps growing the economy shrinks, you saw it in san francisco with --n france, they pulled that back. they will watch and listen but note change. >> last thing a modest american should do is expect the europeans to change. we have the empirical in front of us, a system that works, an economy that is growing, i president who is leading, not just the united states but the
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free world. they can make their choices about what they see, our unemployment rate versus theirs, and our growth rate versus theirs, our ability to to improve our environment versus theirs. it quite a drat dramatic story to tell it. one of the success that this president, a populist has a bright standard away from on high, and europeans, let them make weather own chases -- make their own choices, it is foundational to our way of life choice. >> all right, a couple of things we're drawing a stark differential between eu and united states but they are the same size. a act as a 20 tril quoo trillior gdp bloc. but the trade off is there is a strong believe in a lot of the
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eurozone economies there should be a profound social safety net that costs a lot of money. and even in the united states, there are a lot of people we have talked about it who are discontent with left of health care security they would be willing to give up some gdp growth for better healthcare security in u.s. and that is the trade off. combined with -- >> zach, zach. >> zakhu don't think it is iron could that country with biggest social safety net have biggest unemployment. >> case closed. >> they are willing to subsidize it. they are choices, do you pay for healthcare. we could say we have a better system, because we prefer it, that does lead to marginally better gdp growth. >> 150% is not marginal the
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difference between our growth rate, my god. >> it 150 bases points. >> how would you translate that. >> a percent and a half sounds bigger. >> most important part of the equation is 3.5% unemployment versus search 7.5%, they are producing. they send a check to the government, what happened in last 3 years, a stark change for what we've seen for a long time to say 6 or 7 million people come off welfare and earned jobs is magnificent and we still have the momentum now. >> you use the word momentum, that is important. that is the direction -- europeans bu by their own stands are going down. that their rate of growth from 1%. down below 1%. where it is ours is growing.
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>> we have to be clear, the argument is not united states with europe. the argument is europe with the united states they are the state status, they said this president would fail just as did the state us in this country. itch stiwe've seen remarkable g. unprecedented growth through the first 3 years of any presidency in the modern era. secondly, we have the lowest unemployment rate in history for our minorities, lowest in 65 years for wim, and w women 3.5% unemployment rate. we have extraordinary formation of capital and we have extremely fortunate position of having a president who is delivering on every one of his promises. >> true. >> i love the commercial from bloomberg, mike -- >> my upset my football games. >> mike will make it work out whatever the devil -- what does high think that president is
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doing. david: while the president is in davos trying to convince word leaders we know what we're doing have you impeachment process moving ahead, speaker pelosi claims this is a solemn events, she is dealing with it in a serious way. but we heard her talk about it on bill maher show on hbo, listen sound out the way she was talking. >> first of all, thank you so much for waiting to we get back on the air before the start the the impeachment. some people who have said, he wanted to be impeached. just for record, being impeached is a bad thing, right? >> you are impeached forever. now matter what the senate does, it can never be erased. david: big smiles, fist bumps and -- pumps and gold souvenir
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pens she was giving away. >> i think that americans make it clear, they are opposed to impeachment to part of senate. they are also making it clear that president, his approval ratings have risen, hers have fallen, congress has actually -- >> they can't fall. >> they have gone into an, bis. i think these are all in to play out here, is a farce designed by none other than adam schiff, his screen play is unfolding before our eyes it will iva irk earni e all bad products in hollywood. >> this is a sad affair. enough he pens and high 5, she is over playing her political hand. but lou, i want to ask, net, net, if obama had down this donald trump has done, would you also think a hoax in not worthy of pursues by congress.
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>> let me give you a historical analogue,6 occasions, general accountability offers, held he violated the laws, and there was no impeachment. yet this is one in which, with one violation in style of what is a absolutely unenforceable opinion by the general council of the gao in ukraine. suddenly impeachment rolls ahead, this is silly, this is stupid. and would not even been possible were not for com complicity of t wing national media, a close feedback loop of west wing madness. >> it still unclear why nancy pelosi delayed this. bill maher may have the best one, she waited for his program, but some speculate it has to to with senate, trying to win senate next year, forget -- >> bring in your candidates.
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>> leave biden out there. >> it crazy, i can't get over it just stupid, they take their frontrunner. >> stupid is paramount these days. >> i know, to you think it will have any impact on -- or this year's race term its of g.o.p. being -- are they wobbling republicans in trouble or likely to lose there are seats, susan collins and the rift becaus resf this. >> i think that will up to their individual choices and how they deal with impeachment itself, i don't think it will play out from theatrics of pelosi or schiff and there are their gambits. >> i don' i don't know how you d say had is a slamdunk with american people, this is a divided country almost down the middle. including fox news poll. 50% are in favor, 50 are not, and 50 say democrats mishandled.
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then 50% are -- it would be more honest to acknowledge that we're in a give divided country. >> zach, this is a little bit p, we know that the polling in those states where really will matter, the swing states, people are opposed. what is the point? they could ramp up their numbers in california and new york that will not win the white house. david: lou. >> it would be most honest to acknowledge that most recent poll 51-46 all of polls are tripping in this directed -- trending in that direct, are we nearly divided? yes, are we without condition divided, no. i think you are watching american people who could not even identify in most recent edition of jeopardy adam schiff are as they folk od focus on wha
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farce. >> best news is super bowl is in two weeks. david: i don't know, probably still go on. >> lou thank you. >> delight to be with you. david: lou will go on as usual, seeing more of mr. don't lou don "bulls and bears," and kennedy and charles payne will join lou, we'll will see you thursday. for that. but we'll see you tonight, anything somewher special. >> just usual good times. >> we look forward, fox business tomorrow morning we will carry trump -- president trump's davos speech live. and coming up choosing two presidential candidates, we'll tell you who they are. that coming next. at fidelity, online u.s. stocks and etfs are commission-free.
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david: "new york times" making a bizarre early endorsement for president, but it was not an endorsement. rather than choose between far left democrat elizabeth warren and her more moderate challenger amy klobuchar. the times endorsed both. editorial board member said there was a reason to nonendorsement endorsement. >> an know dors a an endorsement supporting candidate but more about educating voters and helping them make their best decision based their over belief [ laughter ] >> does that make sense. >> you can hear the response. i read it i thought it was hateful of president trump by the way, and i thought that there more comical elements like talking about elizabeth warren being a good story teller, we would get onboard with that, she
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has told a lot of good stories, how you endorse two people who are going down different paths and inteaandentire campaign, lir says she is not with elizabeth warren. it is an endorsement of a woman, did not seem policy sensitive. >> in general days where newspaper endorsement mattered is long past. i think most newspapers should reconsider doing this at all, for the simple fact e editor cal opinions are valuable. they consume them moran hard mod news, the idea that paper is a leading voice, it no longer part of our contemporary political make up. >> so right, zach. old saying, opinions are like
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smiles. smiles, everyone has one, it is -- >> cl floss check. >> same with "new york times," "new york times" their editorial endorsement and an endorsement is an endorsement for a candidate, but not as valuable as it once was, the point in article of spot oall of these candidates are about most progressive field that democrats have ever mit put forward, all f them whether klobuchar or bloomberg or biden, they see the government as center of american life. >> do i have three hours for this one. >> we do, we'll step aside. >> let me read one sentence, she speaks eloquently of how the economic system is rigged against the all but yetiest weat americans, i think to my what kind of con, job is this, this
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country, forget they were talking about someone, this country, we're a land of opportunity. i am from orlando, george who runs disney world he started at a bus buye busboy at contesh co, i can name so many people who started from the bottom, they are very. >> there is no root up the ladder any longer it says. >> a lie, the word -- are you kidding me? >> they said that next president will shape the direct of america's prosperity, we have a president now who is already done that the question is, do we want to change that directed to one of socialism? that is what liz warren, i would argue they have different political and economic beliefs,
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klobuchar and elizabeth warren. and if you accept two vastly different belief systems or policies, you stand for anything or is it just an just -- answer. >> the idea that president has extraar ordinary economic power. david: just regulation alone. >> even under trump there has been little deregulation, it is difficult to deregulate. >> not true. >> it is true. >> let me push back. >> you can't just wave a pen. >> rhetoric out of white house to business itself. >> has been more positive. >> changed playing field. >> it did change the environment. >> a small big -- i speak big ceos, just their thought process has changed because they feel they have somebody by their side, and not against them, you
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cannot -- >> they -- >> and president the same. >> and warren -- one of most over reaching you know, things that obama did in time of office, devastating for the economy, they pushed back on clean water bill that said you could not dig a mud puddle in our own yard. david: i have too push back on jonathan we're -- >> i am surgeon -- joh jonathan. david: residents flee high taxes. one state has seen an inies crease the size of connecticut. give me your hand! i can save you... ...lots of money with liberty mutual. we customize your car insurance so you only pay for what you need!
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states with lower taxes, texas increases by more than inter population of high tax, connecticut, jonathan, does this surprise you? >> no. money goes to where it is treated best taxes go up by 1%, population decreases by 1 5%, who is leaving in job creators, you see it in california, new york, illinois, and we've seen it all over the world, 12 thousand millionaires, are leaving france year after year because of their wealth tax, this is why the rolling stones left europe back to record exile on main street because of high taxes. it always works out this way, big tax states are not addressing the real issues that government spending. >> kin keith richards lives in
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connecticut. >> you had to throw that in. >> people, businesses and capital will go to where they are treats best. if they can. sometimes it is very difficult to do. but you see it everywhere, i live in florida, i cannot begin to tell you how many people are moving in my neighborhood, every time i ask where are you from northeast businesses, coming from there i see, the new jersey dude running show there, wants a wealth or millionaire a tax, is he forgetting there are states next door that don't have it and people say, see you have a nice day, you treat me poorly. this is amazing they don't learn lessons from others. >> gary, they don't. because they are so busy paying off all of interest groups that put them in office, they can't take a step back, and say what long-term, new york city is in a downward spiral as -- is new jersey and connecticut, they keep spending more and more,
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this is a vicious sish ill circ, people are leaving, and people remaining will pay more taxes. david: it is more regressive. >> i don't know why you said that about new york city, new york is vibrant. >> the budget. >> the budget may get out of control. the economic whims are -- >> but when all job create ors leave that is the point. >> they are not exodussing from new york city. >> they really are, why are apartment prices the capitals, so many people. >> collapses so many people are moving to florida in one of those condos built for russia and china billionaire. >> blame the russian and chinese. >> i'm in the blaming them. david: talk to real agents in new york city tell you because of really, wild new taxes they have put on properties, sales and purchase on both ends. but -- you know there is no
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denying that the more expensive business becomes, evenly you see less, this is quite simple. is it not? >> and a great historical precedent, only is i is -- it detroit, it used to be the new york of its day. we say, could this happen to new york? to chicago. david: on positive note, it come back, a lot of people say that detroit is doing right things now, lowering regulations. >> finaly. david: they are getting population, finally trickling slowly but maybe back in. >> black rocks larry fink warns he may change his investing habits to suit his beliefs about climate change, what impact will this have on his visitors? we'll discuss this coming next. at fisher investments, we do things differently and other money managers don't understand why. because our way works great for us!
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david: head of world's largest asset manager, black rock, with 7.4 trillion dollar in client assets is coming under scrutiny for demanding that companies bloccompany black rock invests in expose their climate change risk. saying, companies in which black rock invests will now have to comply with a quote, sustainability accounting standards board, and looking to divest, manage funds. that -- "wall street journal"
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editorial board said fink is auditioning to be next industr y secretary. is he putting politics ahead of his investors. >> well, he is putting the environment. >> sell, sell. >> jonathan, you should support this. give than a privac private comp, with its own particular vision, rather than government mandating, a private company, people voluntarily put their money with. >> you may disagree or not. but it should fit the libertarian view that change happens, when the market and companies that are driven in a particular direction have a vision, and he believes that companies are somewhat better run. david: "wall street journal" suggests his interest in being treasury secretary in a
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democratic administration might have something to do with it. >> it, it could what is certain, as world's largest asset manager, black rock is under constant attack from the radical, often time leftist groups, who are often time not even shareholders. the fact is the climate for man has never been better, climate related deaths from man have never been lower, this is a dangerous trend, it started with that shareholder be round table talking about stake holder capitalism, this a same thing, anticapitalism, masquerading its way into corporate america. >> i would also argue a bit of grandstanding on part of fink, a great deal of assets they are not it i discretionary, they are index funds, not like larry fink will wave a magic wand and have
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7 trillion dollar redirected to more socially promising enterprises, his impact by saying this modest on, i think he has been under a lot of pressure, black rock compared to oversea managers and others in u.s. are way behind on this they have not participated in this trend and enthusiasm for green investing. >> and in europe, often mandated, required. >> it is. >> i don't say this sarcastically, but greta is for popular, i mean that. i think that he seeing -- i agree zach. david: say grea -- greta that 16-year-old, greta thunberg. >> she is the owning speaker at davos, in front of the billionaires, i think that larry fink sees that, he sees market of ideas is doing, he is moving forward, that this is a rhetoric there is action, let's see what happens as we move forward, i
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have a sneaking suspicion that worlds are a little bit louder than they will do going forward, larry fink is about how much money black rock makes more than anything, by the way they have done a darn good job of that. >> there is a free market rashal -- rational are in some. the company that limit their costs, often improve their margins. david: last word. >> disturbing new detail in death of jeffrey epstein, the evidence from his autopsy now moneys tpointsto murder, not sul join us next. where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. ♪
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david: more details surrounding jail house death of epstein coming to life, new evidence from his autopsy makes original
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case for the suicide weaker than ever, dr. michael bad baden joig us, does this make case for murder more likely than suicide. >> autopsy findings by themselve are consistent with a homicidal stranstranglations rather than a suicide hanging. david: to follow-up, we heard about broken bones in neck, but you say that burst vessels in the eyes lead to that supposition. >> 3 bones in neck crushing of the adams apple and high arc bone, are unusual in suicidal hanging, typical more typical of homicidal strangling and hemorrhages in i eye, blood
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spots in the eye more common in homicidal stran strangulation ae way that blood settles in body is not typical for hanging in hanging blood settles down to the fight to front and back of lower legs. that is in the happen. >> dr. baden this is kind a compelling case. >> part of the reason to make the case it was a rush to judgment before all of the evidence was gathered. and where we go. >> here, i think is to find out what the body position was when the guard came in the cell, and found jimen him -- found him dee don't know, that guards who found him dead after not going
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rounds for 10 hours, we fused to say his position. we don't know if he was hanging or on the ground or whether he -- separate. until they talk and they are not talking until after a trial and april or something, that is one thing, we don't know the basic investigative. we don't know about what inmates in adjacent cells said they saw or heard, we don't know -- >> dr. baden this is bewildering, the whole thing stinks, in a stole a twizzlers from walgreens i would have 4 cameras and our eyewitnesses, we have one of the well-known suspects in america how is in not a cover-up. >> the video cameras are supposed to watch prisoners, 3 video cameras that were supposely watching with epstein
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was, all somehow were not working or the video was lost. >> dr. baden, on top of that, guards are supposedly asleep, cell mate taken out of his cell. the day before, you mentioned that video. and this is smells as bad as something can smell, i know have you done a ton of cases, on top of this evidence, what happened to the procedure? really procedure that gets to the heart of the matter. >> well, we had a meeting, family and i had a meeting with the justice department, people who are investigating the case. and they refuse to tell us anything they found because the fbi investigated, they know what happened to the cameras, why they were not working. were they just accidentally not functioning or did someone cut
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the wires they are know the position of the body they will not tell us, they know the swabs, ligature whose dna was on that, we're told they will not tell us anything until after the trial of guard who for falling asleep. and refuses to say what he saw. >> so -- >> we need transparency. >> push back on this i don't have an opinion one way or the other, the prisons were crowded, overrun with people. under staff, people who staff not that well trained, physical plant was decaying there was a perfect incubate or for chaos, do you -- credit that as part of this. >> that is the perfect thing, but only time it happened is when epstein was there, it happened once before 30 years ago, people don't just wind up hanging and no evidence is
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documented, very fact that the body was removed from the cell, before any investigations was done or photographs were taken. indicates that a very -- in addition to bad stuff, that the there was a very bad removal of the body for reasons that dead bodies should not be removed. david: doctor, will we ever discover what happened. >> i think we'll know once justice department releases other information that is available. but maybe a mystery. david: dr. michael baden, we hope you stay on the case. >> thank you. david: bev we head to break, let's see what is coming up on "evening edit," liz in. >> we're going to dig in to how media blasted president trump for warning about corruption in puerto rico, now this, chaos in puerto rico the big bear house
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discovered in -- big -- wear house discovered. with supplies just sits there after hurricane maria and. >> then, bernie sanders admits that gender is an obstacle for female candidates. also border security, i.c.e. rasratchets up heat on the cityf new york and mayor de blasio. david: all right. thank you. >> subaru chief executive throwing cold water on electric vehicle market, but tesla does not seem to have any trouble with sales, we'll tell you why coming next. [ applause ] thank you. it's an honor to tell you that liberty mutual customizes your car insurance
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the power of prevention. call now to learn more. david: souqry -- subaru's chief executive does not see any evidence of americans wanting the electric vehicles. they are selling 300 units every month on average, so is subaru right are projections of electric cars dominating market unrealistic. >> what is the purpose of an electric car to save money on gas, that does not make sense considering gas prices are low, or a virtue signal to what about a great environmentalist you are, if tesla or which electric car company will succeed they have to do it without government
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subsidies, we've seen 1 they were removed in california, tesla sales plummeted. they forget the electric vehicles cars are power by coal, that is fossil fuel that generates electricity to run the tesla. >> i am get in there power by coal in injuring. jurisdiction. >> are engineering advantages they have faster acceleration and less drag and less weight. battery weight does compensate for the internal combustion lack of rate. >> i don't think that market there, you had every opportunity with the big subsidies, they were note going it is forced down our throat by government with the subs, and with
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environmentalists, i'm the biggest environmentalist out there, i just don't think it hits, i think tesla is telling because people love the cars. tesla car sang to one of my friends at kiss mas -- christmae that is highway cool the how coy are. >> you are a bigger environmentalist than greta? >> not greta, she takes ship as acrossy sea. >> i don't need a car to sing to me at christmastime. >> there serious engineering challenges, mainly battery challenges, to zach or someone i think it is case a lot of people buy electric cars they have no idea where power comes from, a black box, and they never think, wait this is powered by coal or natural gas or whatever, it is silly, this is what happens, i
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am surprised john, that did nott say that that government mandates. >> we were all driving chevy volts. david: that sold well, the biggest design but that is recharging station, you cannot just 45 i drive in and drive oue refueling, a regular car, you have to spend a lot of time, if they can overcome that design flaw you might see sales. >> if it succeed it has to succeed without subsidies, and statistic hol hold up. david: market can do a lot of wonderful things. >> a day of remembrance and service, president, vice president and nation honors legacy ofd dr. martin luther king jr., what we can all learn from him today, coming up. o you,
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♪. david: as the nation honors dr. martin luther king, jr., today, we all but looking through quotes from the great man including one of my favorite. this is from a 1963 freedom rally in detroit he said quote, some things are so eternally true are worth dying for. if a man has not discovered something he wouldn't die for, he is not fit to live. we thought we would ask our panel. gary. >> i think we should breathe the same air, all should be equal. i'm amazed when we see lack of that. we should all be treated the same. hopefully we continue to go that route. i think it is a little bit oversold that it is not that way. >> i think this country offers opportunity for everybody. i think dr. king would be disappointed to see how racially divided or at leave racially conscious we still are in this
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country. i think he watts working to mend those divisions not to expand them and i think in the last, five, 10 years they have been expanded quite a lot and that's a tragedy. >> first, there was power of his words, the i have a dream speech, of america where people were in fact together and it seems so distant in our contrary culture to, spin the vision, i don't mean spin it negative sense, weave it together a country comes together instead of breaks apart, including the speech he has at the end of his life, talking about seeing the promised land, knowing there in fact would be great struggle ahead and utterly dedicated to heal the wounds instead of inthames filing them. >> racism is the most ugly form of collectivism. people's ideas and actions that matter. to judge people by something as insignificant as color of their skin, we need to take a page from the dr. king, only judge
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them by the content much their character. david: that seems to conflict with public policy we instituted. focus on his words. i don't think if you focus on just his words, i think you get a clear resolution in terms of where we should go with policy. we'll see you. liz: tonight the latest democrat hard ball tactics as the senate impeachment trial starts tomorrow. house democrats now say coverup if the senate does to the call witnesses. that house democrats failed to bring in. democrats really do mean impeachment forever. they will not stop, even after the senate trial this as a new "gallup poll" most americans say president trump should not be removed from office. also tonight, why joe biden suddenly sent an unusual open memo to the media warning about their coverage of the biden's ukraine conflicts of interest as new information now surfaces alleging that the

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