are the european union willing to risk luskin you the question we were who put that question to the you i'm asking you or the fact i do 5 package to risk lives well give me a not swear that we are the 2nd biggest pharmaceutical. industry in our country in the world only only bigger by america and you get 36000000 paxil madson from the us everyone about so so if it's so it's a big deal about what we sell it so the question we sell is answer the question are you prepared to respond if not this program i will do nothing i will do nothing that risks lives we will not interfere with the massive amount of drugs that manufacture in this country that are used by people on the continent we are not threatening their lives it would appear that the e.u. are threatening the lives of people in my country and i think the you have misjudged the british care is their top their talking about why non frictionless trade attempt that will result the day of the measures that are in the european union no do it was up we've got complete regulator e equivalence with your people in the european union one minute

donald luskin, thank you so much. more pressure on facebook and google. already under federal scrutiny for privacy scandals and more. reporter: 8 states are launching an investigation into facebook over anti-trust concerns. 30 states reportedly looking into google over anti-competitive practices. texas attorney general ken paxton will be leading a team of attorneys general around the country looking into big tech firms. today the new york attorney general said she believes the team of attorneys general look into facebook dominance. google saying yesterday, quote. we continue to work constructively with regulators in answering questions about our business and the dynamic technology sector. facebook saying this in a statement. we understand that if we stop innovating, people can easily leave our platform. this underscores the competition we face not only in the u.s., but around the globe. four automakers confirming they received letters from the doj with an anti-trust inquiry. after the 40s car companies landed d after the four car companies whether they vi

don luskin is chief investment officer at trend macro, and he joins us now. got it. jay powell's communication seems to have gotten p better, but it still feels like no one knows where they go next. we're not sure what the powell doctrine is, we don't know what this fed is all about. >> the problem is we've had a series of very strong fed leaders going back two general its rations, paul volcker, alan greenspan, ben bernanke, janet yellen. they've been good communicators is and leaders because they're economists who come in with a strong policy vision, and they're like ceos. they bring their staff along, and they bring their board along. now comes jerome powell. he's an attorney, he's a private equity executive, he's not an economist, he doesn't have a strong vision. trump says he's a poor communicator, i don't disagree with that. he's also a poor leader, or at least he's abdicating. he doesn't have a vision as a strong ceo who's supposed to bring people along with a vision. i think that's what ceos do, that's what every fed chair since the '80s has done. so t

liz: joining me now from chicago to take it up is look whose here , don luskin.climate change protest, it's great to see you. climate change protesters today are saying the fight for climate change is linked to get the u.s. to turn socialistic. it's a push for socialism in this country. that's what they are saying today. your take. well, it sounds to me like joe biden, excuse me, bernie sanders just confessed to that right? he wants the government to own the resources, to go into all of these alternative energy production facilities, and that's just literally the textbook definition of socialism so i'd say case closed on that one. liz: what would happen, what would happen in a sanders world if all this took place? by the way, annual u.s. carbon dioxide emissions are down at 1992 levels, and they started dropping under george w. bush. >> this is what happens as people get more and more efficient. it's not in anybody's advantage to have any kind of pollution, so there is a good profit motive to get as efficient as possible. you don't need these bureaucrats throwing