he's talking about big pharma. and understand, i made the point that the taxpayers have really done the research, the bulk of the money has been from every one of us. and yet he's saying that we can't assure that it's going to be affordable. imagine, we're talking about the potential of worldwide pandemic, saying, well, we can't do anything about controlling the private sector, big pharma. >> why -- well, is he right, if taxpayer dollars aren't being used for that? >> no, but taxpayer dollars have been doing all the basic research, about 80%. and you would think that the government would have some control over the price. he says price control won't help us, the priority is to get vaccine and therapies, but we can't control the price. really? the united states of america, where we want to protect -- this is a matter of national security -- cannot guarantee that if there are therapies and there is a vaccine, that it can't be affordable to the american people? we're under the control of pharma and their profits that t

here's the first few things that i would do to rein in big pharma. number one, i would make sure that our own government can negotiate lower prescription drug prices with big pharma. right now, under our laws, the influence of big pharma lobbyists has made it so that medicare is prohibited from negotiating lower prescription drug prices. there was legislation introduced earlier this -- actually just a couple of months ago in congress seeking to bring down the cost of prescription drugs, which is a good thing, looked like it had some bipartisan support. but when you actually read the bill, they only lift a few of the prohibitions rather than lifting this entire prohibition completely. we, as american taxpayers through our government, are the largest purchasers of prescription drugs in the world. in the world. we are the number one customer. which means we've got a lot of means we've got a lot of -- leverage, right, to be able to bring this cost down? so, we've got to get rid of that prohibition. the other way that big pharma exploits loopholes in our

2 of the most despised groups by voters in the united states today big pharma and the one percent then you know mix them all up together with one of the biggest sky is falling cable news stories of the year the coronavirus epidemic well i think it would look a lot like what came out of the mouth of u.s. health and human services secretary alex a czar when he testified in front of the house energy and commerce committee this wednesday on capitol hill you see as our one when questioned by the u.s. representative on a illinois jan schakowsky about whether vaccines or treatments for the coronavirus will be affordable and fairly priced for all us us citizens he offered up this rather curious response that if i could just reaffirm then you're saying for sure if for a double for anyone who needs it i'm saying we would we would want to ensure that we work to make it out of affordable but we can't control that price because we need the private sector to invest the priorities excellent in this race neutral i don't get us there it's just secretary all right so for those of you not familiar with k

we cannot do anything about controlling the private sector, big pharma. taxpayerhe right if dollars are not being used for that? taxpayer dollars have been doing the basic research, about 80% and you would think the government would have some control over the price. he says price control will not help us. the priority is to get vaccine therapies. we cannot control the price. really? the united states of america? this is a matter of national security, cannot guarantee that and are are therapies vaccine, that it cannot be affordable to the american people? we are under the control of pharma and the profits they want to make? i don't think so. host: could these there please go to the highest bidder? china and other countries saying we will give you more money for what you are developing. is that possible? is unclear how it will relate to the worldwide coronavirus. certainly, they ought to be able to stand up there and say we will work for a vaccine and make sure it is accessible to all americans. one of the big issues in our country right now is the cost of

mr big pharma himself i thought he'd be a little bit better and lying at least we seen very few surprises from those far but this one i will say kind of took me back because i felt like he would have put on a type of put it he was being 100 percent on it yeah which is rare you know in congressional testimony is rare you see that kind of honesty when he just jumped in there and said well i mean we need the pharmaceutical companies to we can can tell them what how much to charge for this the fact of the matter is though he absolutely came as . we can we can make this work he can they can work with the pharmaceutical companies to get a drug to get it back to whatever it is and make it affordable for those who are going to be in dire need of this it is completely unbelievable to me that when health care is the top priority for americans going to vote in november that when you have a health care crisis you decide that well we're going to leave this up to the pharmaceutical companies then whatever they charge they charge good. because it's like look no one likes the pharmaceutical companies at

big pharma is not going to benefit from bernie ensuring that people spend less money in the united states buying insulin than anywhere in the world. that is important so those people that are against what the movement and the political revolution of bernie sanders stands for, people that want to see children in cages in the south, southern border of the united states, people that really don't care if you are a

we will take on big pharma to bring down the cost of prescription drugs. nra to pass on the gun safety legislation. agenda our optimistic for this country. , as a party, we are not going to be able to divide the divider in chief. we will not be able to out divide him. he will not be out dividing someone that wakes up every morning and sees who he can take on, see who he can blame. let's see what the list is. he blames barack obama. right? he does that all the time. he blames immigrants. head of thee federal reserve that he appointed. he blames the generals that he commanded. he blames the entire kingdom of denmark. who does that? blamed the prime minister of canada for cutting him out of the canadian version of home alone two. he blames people. what do we have to offer instead? we are a party that brings people with us instead of shutting them out. you know that is something i have done. reas,e one in rural a suburban areas, one every have run back to fourth grade. [applause] sen. klobuchar: now, democrats, democrats, we have to remember that when we bring

in effect, administration after administration of both parties has permitted big pharma and all sorts of healthcare companies to sell out not only american workers and our national security to improve profits. those administrations allowed drug manufacturing companies to render us dependent on a country that's in crisis. despite china's production of half the world's sanitary masks. the coronavirus has led to a major shortage of masks in this country. china is importing masks as well, adding to the shortage here in the united states. joining us, peter navarro. assistant to the president, the president's trade czar in the white house. peter, let's start with -- i know you are busy -- >> a wake-up call on steroids. lou: let's talk about that. what are we going to do about the absence any production capacity for pharmaceuticals in this country? i want to focus on that. peter i'm going to ask you to respond to my question. that's what i'm going to ask you to do. >> go ahead. lou: you missed the question. >> you asked about the production facilities in the united states. lou: how are we go

so in maxine business and to kiss you mention it's nothing to do you think since i'm just a kid big pharma big meeting with fond delegates will be a bit different disciplines and i see great solidarity that people from a different fields will to get reassurance coming out of this meeting because johnson and johnson a competitor of yours also says it's going to get a vaccine in 12 months more difficult for your company after all it of course it was controversial its position in china had to pay half a 1000000000 buff to her court in china convicted you of bribing doctors to use g s k products so i'm not really sure where you're going to get bit this question absolutely changes and other banks in canada and it's working on that. it was johnson and johnson are doing the same thing but is it more difficult for your company because china is presumably more suspicious of j.f.k. because of this massive. payment your company had to make for. bribing doctors in china right now everyone is circling to get. i'm going surely. has a different approach we have what is called an adjutant technology which

we cannot do anything about controlling the private sector, big pharma.rhe right if dollars are not being used for that? taxpayer dollars have been doing the basic research, about 80% and you would think the government would have some control over the price. he says price control will not help us. the priority is to get vaccine therapies. we cannot control the price. really? the united states of america? this is a matter of national security, cannot guarantee that and are are therapies vaccine, that it cannot be affordable to the american people? we are under the control of pharma and the profits they want to make? i don't think so. host: could these there please go to the highest bidder? china and other countries saying we will give you more money for what you are developing. is that possible? is unclear how it will relate to the worldwide coronavirus. certainly, they ought to be able to stand up there and say we will work for a vaccine and make sure it is accessible to all americans. one of the big issues in our country right now is the cost of prescrip

i find it -- some of the talking points from the republicans and the big pharma and insurance companies have been sending out how do we pay for this and panicking people that they will have to pay more. of all the things my taxes pay for i would be willing to pay for healthcare for everyone, not just for me but for everyone. >> host: susan is next, republican line, pennsylvania. >> caller: hello. i have been a nurse for 28 yea years, rn. whenever i hear this medicare ffor all i just have to questin how much the folks who are saying that understand how medicare works. you know, currently medicare does not coverow c one 100% of everything for people on medicare. it pays, you know, 80% of outpatient doctor visits andgs those types of things. most people in this country, the seniors on medicare half to purchase a supplemental plan or they choose a medicare advantage plan and t so there is some othr coverage that they need. medicare will not cover. everything. thalso, when they talk about --i mean, ms. skiles, is she willing to take a pay cut? medicaid reimburses capitals and providers where

a vaccine with taxpayer d prevent, and ain, we think that should be available to everyone, not big pharma. i guess yesterday when the secretary made that ill-advised he was wearing his pharma hat which he wore before he came here. sure thate want to be state and local government are incurred for costs while assisting the federal esponse to the coronavirus outbreak. again, i met with -- i spoke with the vice president this morning. some of these concerns known to him. e have -- we always had a candid relationship. i expressed the concern i had of position -- this while i look forward to working with him -- when he was governor indiana slashing the public ealth budget and having some clinics -- one -- especially a clinic closedhood where was the anyplace in scott county where you could get h.i.v. and aids. there was an outbreak. again, he will have his side of story, but the fact is is hat the health professional, he director of the health in indiana at the time, jerome dams, was the vice president, then governor pence's health -- health officer, he's now the surgeon general of the united s

that must mean not negotiate at all, because he has stood by set -- side-by-side with big pharma against house democrat bill to do exactly that, lower drug costs now act." as you just saw, many of her guests have health concerns and health issues that need to be addressed. back to the washington post report on the off the record luncheon the president had this afternoon. at one point, vice president pence, who attended the lunch, said indiana stepped in and helped mayor pete buttigieg with an economic grant when south bend was struggling and while pence was governor. trump expressed frustration with john bolton, who the president said turned on him. trump also mocked bolton by saying he wanted to be called ambassador, even internally at the white house, and his ambassadorship was a recent appointment. next call is joe. joe is in sylmar, california. feel themocrat, i u.s. is broke, we have no money for any kind of health plan or whatever. i believe donald trump is doing a great job. >> thank you. if you are away from your tv and want to watch the state of the union, c-span.org is the plac

he was going to force big pharma to list drug prices on tv. that policy was blocked. he's talked about requiring repates to go to patients, no follow through. going to tie drug prices in the u.s. to drug prices abroad. nothing there. he had a policy to speed approval of generics, no apparent effect. the reality is, patients are still getting mugged at the pharmacy counter. drug prices are up again in 2020. now the senate finance committee has worked hard and long on the prescription drug issue as has the house of representatives. as i've said on a number of occasions, chairman grassley has been good partner on this and i hope that we can find a way to move all this good work forward. bottom line, the president's been making promises about bringing down drug prices for three years. it hasn't gotten done. again, mr. secretary, we appreciate your being here, particularly coming quickly. a lot for us to talk about. i look forward to hearing from the members. >> before i call on the secretary, repeat for some people just coming in, we're going to keep things going while we

i don't understand why big pharma is a supporting. these are important reforms.ackages like this and other bipartisan efforts are important assuming seniors money. something must price increases and getting better negotiations i think these are some of the best reforms we can work on together. >> thank you. i am interested in rural health care and this committee has been in the middle of that for at least three decades. it is difficult to keep high quality medical care in those environments. over the past decades, i have championed landmark role healthcare legislation. they've had some successes. things change rapidly while maybe not rapidly but they slowly change in rural america. so when we have problems still developing. i'm very pleased to see the president's budget, it containing a new focus on the role healthcare while the page budget provides a broad outline of past accomplishments and future goals. they do not contain specific details about the policy. that is why today i wanted to give you secretary azar an opportunity to explain in some detail of how th

happen in poor neighborhoods in fact street crime doesn't hold a candle to corporate crime the big pharmacreated opioid epidemic alone killed a high. 130 americans a day criminals are not the true criminals in this world in fact it was criminals a couple of weeks ago who took a moral stance to get the world's most famous political prisoner julian assad out of the torture of solitary confinement as craig murry a former british ambassador said julian is finally released from solitary in belmarsh prison because the other prisoners were appalled by his treatment and took up action on his behalf a small victory for basic humanity and it took criminals to teach it to the british state but that's not the only step in the right direction in the case of a songe the international human rights and rule of law organization the council of europe which represents 820000000 europeans has finally sided with julian assange and called for his release look i get it i understand belmarsh prison you don't want to let him go because when you have high profile prisoners you get lots of money from the government

as the top of lobbying groups prepping fossil fuel interests the health care industry and big pharma. thanks to organizations like washington speakers bureau all american speakers bureau and kepler speakers journalists and t.v. pundits are hopping on a gravy train that retired politicians and strategists have been writing for a while such as donna brazil and michael steele who apparently thomas some 2 for one prepackaged black history month deal today dozens of mainstream journalists are at a lobbying groups the supposal to give a washington perspective on hot button issues for the price of a poor americans catastrophic medical bill lobbyist can access andrea mitchell carl bernstein the devil and p.b.s. news judy woodruff who hosted 821000 leadership award ceremony for the american hospital association an organization which is anti medicare for all though i guess i can't blame judy woodruff for needing the extra cash she works for a network that tries to bribe americans with d.v.d.'s of woody allen documentaries and his movies in order to get regular funding each year but of course it

watchers what happens when you take 2 of the most despised groups by voters in the united states today big pharma and the one percent then you know mix some all up together with one of the biggest sky is falling cable news stories of the year the coronavirus epidemic well i think it would look a lot like what came out of the mouth of u.s. help and human services secretary. alex eyes are when he testified in front of the house energy and commerce committee this wednesday on capitol hill you see as our one when questioned by the u.s. representative on a illinois jan schakowsky about whether vaccines or treatments for the coronavirus will be affordable and fairly priced for all 'd us u.s. citizens he offered up this rather curious response if i could just reaffirm then you're saying it for sure if for a double for anyone who needs it i'm saying we would we would want to ensure that we work to make it out of affordable but we can't control that price because we need the private sector to invest the priorities.

we will take on big pharma to bring down the costs of prescription drugs.ake on the nra to pass gun safety legislation. that is our optimistic agenda for this country. because we know as a party that we are not going to be able to divide the divider in chief. we will not be able to out-divide him. out-dividinge someone who makes up every morning and sees who he can blame next. let's see the list. he claims barack obama -- blames barack obama all the time. he blames immigrants. he blames the head of the federal reserve he appointed. he blames the generals he committed. he blames the entire kingdom of denmark. who does that? he even blamed the prime minister of canada for cutting him out of the canadian version of "home alone 2." what do we have to offer instead? we are a party that brings people with us instead of shutting them out. you know that is something i have done. i have won in the rural areas big-time. i have won in the suburban areas. i have won every single election i have run. [cheers and applause] sen. klobuchar: now, democrats, we have to remem

most bottles of insulin cost about $7 to produce yet big pharma is charging our people upwards of $300 for that same vial. it is wrong. it is cruel. and we must fight back. [ applause ] there are a number of bills before this body right now to curb the cost of insulin. representative danny bentley, a republican, and representative patty mentor, a democrat, are sponsoring one such bill. let's pass it. [ applause ] because there are 530,000 diabetics in this commonwealth that are counting on us. while we're at it, while we work to find common ground around health care, we should also end surprise medical bills. having a loved one in the hospital, going through a procedure, needing an emergency service, that is already so hard. getting an unexpected $10,000 bill is devastating. i know nearly everyone here and everyone at home has received one of these bills. my story was receiving a five figure bill for a procedure and testing that i was told was in our network and would be covered. i know the feeling. the fear. that happens when you open one of those bills. so let's come together and let

or the revolving door between big pharma and the fda.applause] here's one you may never have thought about, how about we make the u.s. supreme court follow basic rules of ethics? [applause] i could do these all night long. it is a big bill. no surprise. you really want to hose out some of the corruption in washington. make every single person who runs for federal office put their tax returns online. we flush out some of the corruption, i get it. we will not be able to get rid of all of the influenced money, but i'm tired of being on my back foot. i'm ready to get on my front foot. ready to call it out for what it is. we do that, and now we have money to invest. we have money for transportation, money for our kids. we have money for student loan debt cancellation. we have money. i want everybody to leave here remembering this part. whatever decision, whatever issue really gets you going, climate change, immigration, criminal justice reform, gun safety, price of prescription drugs, whatever is the issue that matters to you, that really is

we have passed major legislations that take on big pharma and lower the cost of prescription drugs. 've passed landmark legislation to rein in the power of big money and the special interests and put the power of our democracy back in your hands. big steps taking forward to address the epidemic of gun violence, to protect our environment, and ensure that everyone who works hard in this country can get ahead and stay ahead. this work is urgent. if can't wait, and people are waiting on us to get this right. that's why we are in this fight together. we are in this fight for the veterans i meet every day who have put everything on the line for this nation and deserve the best care we can give them through the v.a. [applause] we are in this fight for the individual. rochester recently, whose drugs cost $86,000 a year just to stay healthy, and first so many americans for whom health care is out of reach. health care should be a right. and we are in this fight for the young woman i met in manchester an immigrant who is terrified the trump administration will tear her family apart. we are in

[cheers and applause] or the revolving door between big pharma and the fda.eers and applause] here's one you may never have thought about but it matters. how about we make the united states supreme court follow basic rules of ethics! yep. okay. i could do these all night long. it's a big bill. no surprise. one more. want to holes out some of the corruption in washington? make every single person who runs for federal office put their tax returns online. [cheers and applause] we flush out some of the corruption. get it. we're not going to be able to get out all of the influence money but identity really to get on my front foot and attack the corruption, ready to qualify it out for what it is. we do that and now we got money to invest, money for transportation, we got money for our kids, we've got money for student loan debt cancellation. we got money! because here's the thing. i want everybody to leave here remembering this core part. whatever decision, whatever issue, really gets you going, climate change, immigration, criminal justice reform, gun safety, pric

in effect, administration after administration of both parties has permitted big pharma and all sortsove profits. those administrations allowed drug manufacturing companies to render us dependent on a country that's in crisis. despite china's production of half the world's sanitary masks. the coronavirus has led to a major shortage of masks in this country. china is importing masks as well, adding to the shortage here in the united states. joining us, peter navarro. assistant to the president, the president's trade czar in the white house. peter, let's start with -- i know you are busy -- >> a wake-up call on steroids. lou: let's talk about that. what are we going to do about the absence any production capacity for pharmaceuticals in this country? i want to focus on that. peter i'm going to ask you to respond to my question. that's what i'm going to ask you to do. >> go ahead. lou: you missed the question. >> you asked about the production facilities in the united states. lou: how are we going to respond to that. >> vaccines are what we'll need. we have five companies here in the u.s.

including alphabet and big pharma the cnbc scorecard is up next. >> announcer: today's big number --'s how much the s&p oil and gas exploration and production etf, the xop, fell in january. that's its worst month since september 2011 this is the age of expression. but shouldn't somebody be listening? so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual. >>> what that music means. investors getting ready for another busy earnings season more than 80 s&p 500 companies and two dow components are set to report, including alphabet, the parent company of google, disney, twitter, uber, honda, you name them, all big companies set to report -- not all of those s&p 500s but quarter to date, look at this, 226 s&p 500 companies have reported that's about 45% of the index. we're almost at the halfway point of the season. if every single company left to report, reports in line with analyst estimates, blended share would be up 1.1% from last year. now, just like in the third quarter, the energy sector is driving essent

i'm a corporate lobbyist for big pharma. yes. no, i'm very cozy with the senators. they need me in there. you don't believe me? look. look what's in my suitcase, okay? check it out. here. ( laughter ) adderall, in regular or presidential strength. and then i also have anti-deperessents for the democrats and anti-semites for steve king. you are going to regret this! hi! i have a 1:00 with mr. dershowitz! i am his personal masseuse! my name the olga! hey! how are you doing? i'm the pizza delivery guy. i am here to clever pizza for the senate. this one here is very important. it has extra garlic to protect senators from rudy giuliani. >> nobody ordered pizza. ( laughter ) >> hi. excuse me. are you a, uh, senator? >> no, i'm a member of the house. >> you're not one of the 100 senators? >> no, i'm one to have the 435 from back there. >> okay. i'm about 20% as excited, then. with uh but we've had a nice, serious conversation and i've really enjoyed it. now, can you get me in? >> i'll do my -- all right. they're not going to buy this costume. give me one second. i'm going

big pharma is not going to benefit from bernie ensuring that people spend less money in the united states buying insulin than anywhere in the world. that is important so those people that are against what the movement and the political revolution of bernie sanders stands for, people that want to see children in cages in the south, southern border of the united states, people that really don't care if you are a latino man or an african-american man and you're stopped in the middle of the street and frisked just like what happened with michael bloomberg in new york city. they will always say that bernie sanders is not a uniter. what has been proven time and time again, he won the popular vote in iowa. he won new hampshire. he's positioned to win nevada. why precisely? because he is moving people into the elections that never had voted before and will now participate because they're hopeful that there will be a president on 1600 pennsylvania avenue that their agenda it is his agenda -- >> let me put it more clearly to you. if bernie sanders is not the democratic candidate will you support th

have gone to the numbers and they have never seen profiteering and price from thes we have seen big pharma companies. they are using control of our government to print themselves money, and we are looking up and saying why is everything so expensive. there is nothing to keep them in check. toard government is too weak do anything about it. it is breaking our backs. senior citizens are cutting pills in half and rationing groceries and taking quasi-prescriptions because they cannot afford the full cost of the drug. we have to change this. it will never change unless we have someone in the white house who does not owe the drug companies a dime, and i am one of those people. [applause] thank you very much, milford. we need your vote tuesday, let's win this thing and leave a better future for our kids. thank you so much. >> another round of applause for the next president of the united states, andrew yang. [applause] thank you everyone for coming. do a little media on stage, but we have a few minutes to mingle. thank you. [captions copyright national cable satellite corp. 2020] [captioning perf

liz: if anybody is confused, all you have to look at the pharmacy and the big pharma companies, the hospitalocks are all over the place. makes pictures everywhere. like thank you. cozy on the block with the closing bell ringing and 37 minutes break up 124. the beauty company that scooped up kylie jenner's cosmetics last year, it may have a suitor of its own. there are fresh reports out that kkr reportedly is hiring j.p. morgan bankers to work on a pillion bid that owns rands and other names. the stock is down three quarters in a percent. speaking of makeup, one company is looking to give cosmetics quite a makeover by disrupting the entire industry. beauty counter is behind a clean makeup movement and the founder and ceo joins us next in a fox business exclusive. on a pretty dramatic step she is taking to get attention, "the claman countdown" coming right back. >> since when do makeup companies produce documentaries. since makeup industry disruptor ute counter entered the picture. the claim beauty startup dropped a stunning documentary called transparency, the truth about micah. micah is a mi

they don't trust big pharma. so they come to this group and ask for advice.he majority of the women here do now. they trade and offer advice into how to avoid vaccines, flu shots, medical treatments of all kinds. >> he's doing this in the house of mark zuckerberg, they're billionaires, why did they allow in their house, their platform? do they take any accountability? >> so facebook reached out to us and after the story went to print that they were sorry about the boy's death. we have a statement from them. they're sorry and they want to stop misinformation that is shared on the platform. >> did they shut down the group? >> no. no. so they have known about this group for years. this is disinformation space number one when it comes to health. they have made little efforts to stop it, to downrank it. groups were the way that they pivoted. but these are baby steps, incremental. they respond to people like journalists like me public health advocates who complain about a single post when a baby is hurt or in this case when a baby has died. they respond to each one

we recruit people out of big pharma and biotech and academia who want to be close to that you have tohink about the fact that we worked on a bunch of drugs that never got to market. >> right. >> that's equally important, an equally important activity that we're involved in by helping them kill the drug earlier in the process. >> okay, so jim, can we talk about china for a sec? you know, when i saw that you have china this rather small microbial detection business, what i worry about when is you mention china, it's really about making sure the operation works. are the -- i wish i were reading this, that the chinese have come to us and said, could you help us solve it? >> yeah, well, i mean -- our chinese operations work really well we have a research model business there and a microbial solutions business with regard to research models, we're really helping educate the whole chinese market on the value of high-quality research models to develop their drugs. i think we can help elevate the whole craft there. and help them move forward in a much more expeditious fashion. they've been usi

fact that the democratic party doesn't represent workers anymore, that they actually represent big pharmansurance, the military industrial complex and wall street. that's why all this is happening and that's why they have to cheat bernie sanders because he is going to upset their game, their money game. that's why they have got to stop him before. the first job of the democratic party is to stop the candidate who represents the workers and then and only then can they turn their attention towards donald trump. >> tucker: is that why we never have debates about the tax code? we spent spend a lot of time on bathrooms and these kind of peripheral social issues. i can't remember the last time somebody talked about carried interest. can you? >> tucker, as nancy pelosi is ripping up donald trump's speech, she is passing his legislative agenda. and, also, if you watched closely last night, you got to see her applaud donald trump's imperialism when it comes vis-a-vis venezuela. i know you did good work on venezuela. we all know these foreign entanglements cia plots that steal resources and give it

you know how hard so many teams are working on this, peter, teamed up with big pharma on that.o the economic impact on the united states, what are you guys looking at? because we just heard what apple said yesterday about the warning they'll not hit their sales targets because of all the closures they've had to endure in china. it's a big important american company. should we expect that from more u.s. companies, and what are you look at in terms of a slower quarter as a result? >> the good news about apple is that it's kind of -- one of the most heavily dependent companies on china both for its production and its growth. so we don't see apple as the norm. >> okay. >> we have a really solid economy here. numbers are coming out well, which you would begin to expect from china is portions of the supply chain across different sectors. might experience bottlenecks. that could lead to some slowdowns or perhaps inflationary pressures. but we're seeing absolutely none of that. what we need to do is get more data out of china. one of the frustrations with china is it's really not share

as for the cost of prescription drugs, i have finally lost patience with big pharma. for years i thought to myself, they are doing all this research , no other country is rich enough to do it, we want developments in medical treatment, better life, so we have to make sure they get paid for all this research and that is how it is. i watched the hearings last year in front of the house committee and the chairman was curious. can you tell me why you charged three times as much in the united states as you do in germany for exactly the same prescription drug? said it is very simple. as you know, it is also complex at the same time. as you know, this is a matter of infinite subtlety and you have to look over here and also you have to look over there and you have to consider the economics of the fears of concentration and you have to carry the floor and divide by three, so you can tell this whole thing is really truly complex and that is the answer to your question. house were nothe stupid. i have come around. to squeeze i want government out of the health care system and ma