thanks to stan druckenmiller. >>> coming up, we are going to have much more with legendary investor stank box" coming right back ♪ pnc bank has technology to help make banking easier, like... a business borrowing solution to help get a little more space with a lot less mom. or home insight, to search for a new house within your budget. because, they really need their space. pnc - make today the day. [ slurps ] gwho's a good boy? it's me. me, me, me. hey guys! you're gonna want to get in on this. i know how to those guys in here. let's pause the internet on their devices. wohhh? huhhhh? [ grumbling ] all: sausages! mmm, mmmm. bon appetite. make time for what matters. pause your wifi with xfinity xfi and see the secret life of pets 2 in theaters. ♪ >>> presidential candidates floating plans to raise taxes on the rich, but joe biden has been fairly silent on taxes, until now. robert frank joins us now with more oh, good >> your favorite segment, right? >> my favorite guy >> well, you've got elizabeth warren proposing a wealth tax, bernie sanders wants to increase the estate tax, and kamala

. >> oh, thank you, man that is the game plan that is the game plan we're not just helping stan druckenmillernot that filler who bought the $38 million apartment in new york. why did he do something like that i'm not asking you to live in a youth hostel but all right. go ahead >> caller: all right i'm interested in your thoughts on micron technology it faces stiff competition among the chip makers. i've been following it for a long time. it's twiced almost 20% below the book value, p/e ratio of less than 3.5, well below the sector in earnings per share. >> they're not going to make the numbers. here's what's going to happen. broadcom is down big tonight because they cut numbers so micron is probably going to -- which is at 33 will probably hit 31 tomorrow, and you can buy all you want and you know what? maybe you should okay let's go to gregory in a state that's being decimated by job losses, connecticut. gregory? >> hi. i've had dupont since 2000 i had about $45 a share. you recently said that the dow dupont merger was not a good idea one, why and two, should i sell my shares of the new dow

. >> the danger -- another sort of danger that we -- we've discussed this week and stan druckenmiller talked about it again today. i'm wondering how the fed is thinking about the credit, possible credit issues around leveraged loans. it's come up more and more the guy whose bank dominates the market, brian moynihan of all people, is warning about it this week if anybody knows, he knows druckenmiller, whalen, powell, yellen >> they talk about it. but they're not doing very much about it >> i'm saying but if the economy continues to act swirquirrely ad worsens, those calls and cries are going to grow louder the risk is that you -- by these tariffs and the trade that you push the economy into a breaking point that starts to ripple into other areas that people are warning about that we're not focused on enough, perhaps >> i think the fed is focused on it they've talked a lot about it. it's in their new financial stability report they talked it yesterday with john williams, the new york fed president. i don't hear them exercised about it, scott. but i have one more question i don't know wh

soros, chris hughes and molly munger it's not just wealthy liberals calling for higher taxes stan druckenmillerdes with joe biden on calls to increase the tax on capital gains which of course mainly flow to the wealthy >> i'm going to shock you. i kind of agree with biden i don't -- i don't really think capital gains promote investment as much as advertised out there. >> and you can go back to broed and say, well, this is a guy that gives so much to charity. his actual tax bill every year is probably low. he's given away more than $2 billion but he's stirred up the liberal base in california by reinventing education through private charter schools which is not popular among democrats. i would say he's more of a moderate democrat politically than a lot of folks that have come out constantly in support of higher taxes on the wealthy. >> i thought the most interesting line he didn't think that philanthropy alone -- to the tax break issue on philanthropy would ever get you there. >> it's an interesting journey that bill gates started off as well, saying i'm going to fix this with my money you quick