medtronic which is a medical device manufacturer is slapped with this huge tax in the bill.y say they may have to cut 1,000 people or more. so we know what's not going to happen already. we're getting a pretty good idea. look, i have talked to people with small businesses. i haven't talked to a single one who says gee, i'm going to start hiring now. or i'm so happy this is going to cut my health insurance cost because the opposite is true. and we have seen it with these companies. we are going to hear from many, many more. so the idea, i think is already dead at the end of the week. pal paably that this is going to reduce health care costs. the premiums on your health insurance and create jobs. all those are out the window. >> bret: charles? >> i think the end of the week the debate will be about where it is right now. the pros and the cons, the people in favor and people against will be roughly the same. and the reason is that the major effects meaning the higher taxes. the mandates, and then the subsidies on the plus side really don't kick in for a couple of years. surely

medtronic alone has a $1 billion expense reduction plan already in place. they will be able to very easily absorb any of that, and really, we don't think it will affect their margins at all. plus, they have products coming into the pipeline that we think are very attractive, and it's all trading at 13 times. very good number. >> we've got to leave it there due to time. david, bob, thank you very much. have a great weekend. >> thank you. >>> straight ahead, stocks are up, the consumer spending, what does that say, meow? >> i have no idea. >> consumer spending meow. >> no, that's moew -- i don't know what that means. >> the economy showing signs of life. >> so is main street. >> meow! >> is main street feeling better? interesting, you know, interesting -- consumer confidence numbers are not rising, but spending is. so, people seem to be saying one thing and doing another. the mayor of a town in the middle of it all is up next. well, look who's here. it's ellen. hey, mayor white. how you doing? great. come on in. would you like to see our new police department

on the device side we like medtronic and in pharma it's probably all beaten out at this point, for growthestors our favorite stock with be bristol. and financial stories based on value would be pfizer and merck. i think the biggest influence for pfizer and merck, quite frankly, is the direction of the economy. if we do get a fierce recovery, then, you know, pfizer and merck are not going to keep pace. if the market moves to being more defensive, then those stocks would certainly be favored. >> any conflicts of things that youown, or get your disclosures? >> so deutsche bank, i would assume, you know, in our asset management group, owns all of these stocks. i would think that our investment bankers are always looking for business from all of these stocks. and i've no material nonpublic information on any of them, either. >> thanks, barbara. >> thank you, joe. have a great day. >> okay, you, too. >> a divided house the morning after the historic vote. we'll be joined by two congressmen with very different opinions on health care reform. republican scott garrett, democrat greg meeks straight