tv Making Money With Charles Payne FOX Business June 1, 2017 6:00pm-7:01pm EDT
be sure to tune into maria tomorrow morning, she has a special report, jobs in america. 6:00 in the morning eastern time. thanks for joining us this evening. i'm connell mcshane. now it's charles payne with "making money." charles: thanks a lot, buddy. good evening, we do have breaking news tonight. first, you're looking at it. the dow, s&p and nasdaq soaring, all now record highs on that strong jobs report that dovetails with a slew of other economic data that proves that an economic renaissance has begun. the big, breaking news later that america is saying good-bye to the paris accord also giving investors confidence late in the session. now, president trump just announcing that climate bombshell, and already global elites are losing their collective minds. although the move that reportedly divided the west wing, the president adhering to his base and keeping a major promise. but president trump was clear, this action wasn't about climate. he says that he's actually open to renegotiating. let's bring in the president of
the copenhagen census to discuss. you're one of the world's most foremost experts on climate. you believe in global warming, you believe in manmade global warming, and yet you say this is just an offer, it's an opportunity in disguise. what does that mean? >> well, fundamentally, charles, the paris agreement was an incredibly expensive way to do almost no good for climate. and so this is really an opportunity to say let's start wasting a lot of money doing no good -- stop wasting and spend more money much more smartly to fix this problem and have a lot of other money left other to do all the other things we need to focus on. charles: bjorn, why is it president trump is the only world leader, everyone's piling on, how can he was the only one that realized perhaps this could be a $14, $15 trillion boondoggle? >> i think a lot of leaders like to pretend that we're saving the planet. that's a good line to do and, of course, the payment happens much later when everybody has to pay
a lot higher cost for their electricity and their other energy. but the reality is if you actually want to help, you've got to do something else in paris. just to give you a sense, you know, everybody's talking about how amazing paris would have been if trump had stayed in, but the reality is even by the u.n.'s own estimate paris would have gotten us less than 1% of what the paris agreement actually promised. so it would have cost $1-$2 trillion a year and delivered almost no benefits even in 100 years. i mean, it doesn't -- it's not rocket science, but it's just so hard to give up that sense of, oh, i'm saving the planet. charles: so where do we go from here? president trump saying, to your point, this was a poorly-crafted deal, not necessarily about climate. certainly, extraordinarily expensive to americans and american growth. is there a way to keep president trump's agenda, america first, revitalizing manufacturing jobs and also try to do things to curb even more pollution in the atmosphere? >> oh, i think there is.
and the simple answer is as long as fossil fuels are much cheaper than green energy, you're not going to get most people to switch. and that's, of course, why trump is also saying let's do the cheap energy. but what we should be doing is invest a lot more in research and development into getting green energy to become so cheap everyone will want it. not only will that be a business opportunity for the u.s., but it'll also fix global warming. if we make green energy so cheap because we innovate new, green energy, if we make it so cheap that it's cheaper than fossil fuels, everyone will switch. so it really is a question of saying, stop paris, but then focus on investing in research and development into green energy. and, unfortunately, trump has also cut that investment, and i think that's probably a bad investment. he should be spending money there because that's the way to both make america great and make sure you fix climate. charles: stay right there, i want to bring in elizabeth harrington and steve hilton as well. steve, i saw a post where you
talked about in the u.k. the use of american wood pellets instead of locally-produced coal as being a waste and another of these misguide add ventures. >> well, it's exactly right. this whole thing is just a fantasy. bjorn is completely right that what you've seen over the last decade or so really is just the elite concocting these various schemes to, basically, do a bit of branding and pr, to say i'm a good because i care -- good person because i care about future of planet. they're not even that interested in the real world impact. and while all this has been going on, you've actually seen america's emissions falling not through anything to do with these international conferences and summits, but through technology and the business process. for example, through fracking which has reduced carbon emissions. just at the same time as europe's, so virtuous and love paris and all the rest of it, their emissions are going up and germany's are going up. so i think the real benefit of what we've seen today is to try
and focus, as bjorn just did, on the reality. what is really going to make a difference not what is there just to do pr and branding and make people look good. charles: right. to that point, elizabeth, president trump started today with some folks within the west wing who wanted to stay with this accord, business leaders including those he's gotten really close with all coming out and saying, hey, we want you to stay in this. tim cook called the white house yesterday, elon musk apparently out of all these different business councils. there was enormous pressure, some saying, hey, it was non-binding, so why don't we stick around. >> right. and, well, usually the left likes it when politicians stick it to big business, and that's what trump did here. he had everybody saying that he should stay in this and see it through, but he kept his campaign promise, and that is exactly what he needed to do here. i mean, as -- what we've just heard, this was a boondoggle. the idea that you could change
the temperature two-tenths of a degree 100 years from now while spending, you know, billions and trillions of dollars to do it, for what? it was a bad deal, and i i think president trump did a good job of articulating all these reasons why the u.s. is now getting out of it. charles: bjorn, do you have any confidence in the free markets? because steve mentioned co2 emissions going down, the fracking miracle. in 1990 we were 24% america, 24% of global pollution, now we're down to 16%. do you have any faith that with the things you want to think the alternatives that you're looking for, that they'll happen naturally? maybe not as quickly as they would with government subsidies, but more where they don't bankrupt the nation? >> look, fracking is a great example of what america has done right, but it's also important to say the guy who actually brought through fracking in the 1990s, he also said it was important for him to get some funding for the r&d for frack. and so the idea is not to have a big sort of government
bureaucracy that subsidizes everything, but it is to recognize actually helping research and development so you get great breakthroughs is actually a really good investment. and what i want and what i'd love to see from president trump is also to say all the other world leaders are now going to be banging on him saying we need to focus on doing paris anyway despite trump. what we should be getting them to say is let's focus a lot more on the promise that bill gates has been focusing on, even obama was focusing on; spend money smartly through r&d so that we can find those technologies that'll actually both make us rich and cut carbon emissions. charles: well, for the moment world leaders are in a fit of hysteria, and they're not the only ones. i want to put up some of the more intriguing reactions that we've already gotten from around the world and just share them with the audience. one, a traitorous act. this is, of course, tom steyer, who made his fortune on dirty fuels.
the world will end -- this is according to scientific america. the ice age -- ice is already melting because of trump, according to "the washington post." future generations will cry. science is hard. [laughter] steve hilton, this is the sort of pushback that we're getting immediately when you make a decision that was well thought through. obviously, president trump grappled with this, and i think the american public has applauded him so far. >> well, look, this is just such a strong example of what's gone wrong in politics and government for so many years now where you've had the -- you mentioned tom steyer. what you've seen time and again is the interests and obsessions of the rich; people who live very comfortable lives, not worried about getting a job or earning enough money to live on. the obsessions of the rich have driven the decisions of government far too much. and you've had this kind of thought police approach to this where even to question some of these things turns you immediately and automatically in a bad perso
and that's what yore seeing reflected here. and i think it's so important that we do feel able to challenge this dogma, because that's what it is. it's dogma. charles: right. >> it's not based on reality, it's not based on anything meaningful that will affect people's lives. we've got to make right decisions that benefit people and the planet, and you can do that without something like this climate accord. charles: elizabeth, last word to you on the hysteria. >> it is so insane. i think this is when trump at his best, when he gets out there, he makes a decision, and they freak out over it. i mean, now no one's talking about russia because he made the decision -- [laughter] he followed through on a campaign promise, and they're going to be hysterical no matter what he does, and it just proves -- all their predictions have been completely wrong, by the way. what happened to al gore's ten ten-year tipping point? charles: yeah. >> that came and went. so, yeah, they'll be hysterical regardless of what he does, but i think it's trump at his best. charles: all right, guys, thank you very much. a special programming alert for
you, don't miss fox news channel's the next revolutionth. it debuts sunday, june 4th, at 9 p.m. eastern time. meantime, hillary clinton back in the spotlight, but she's not the only democrat making headlines. they just won't go away, and they simply won't get the message. we have the details next. think again. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov
so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations.
fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> look, i take responsibility for every decision i made, but that's not why i lost. so i think it's important that we learn the real lessons from this last campaign. charles: in an unprecedented move of post-campaign campaign continues, hillary clinton, of
course, continues to defend her 2016 campaign. the former presidential candidate taking jabs at president trump saying what he's doing as president right now is, quote: very dangerous to our position in the world. this as joe biden is launching a super pac, and that's fueling speculation of a possible 2020 run or at least showing signs he plans to remain active and maybe be a voice in the party as well. a lot of money out there. joining me now to discuss, to mean borelli, lawrence, let me start with you. hillary clinton absolutely losing her mind. i can't -- the list of everyone she is blaming right now, i mean, if we scrolled the whole thing, we'd go into lou's show. it's absolutely amazing. >> she failed to accept any accountability for her actions. she failed to talk about how she didn't go to certain states. how she refused to connect with the voters and only focus on emotion. what we have is classic hillary clinton. i knew it was going to -- the real hillary clinton was going to come back where she was like
i'll accept the president, i'll accept him, and now all of a sudden she's blaming everything on russia. and even her own party. she threw her party under the bus. [laughter] charles: deneen, she threw the dnc under the bus, and she's getting closer and closer to throwing barack obama under the bus. >> absolutely. what clinton do you know of has ever taken responsibility for anything? charles: every now and then bill would disappear for a while. what the heck is going on? >> is he now? he's not watching her, that's for sure. [laughter] don't you hear that loud sucking sound of joe biden and hillary clinton sucking all the resources out of the democrat party? they're sucking the money, they're trying to get the people to follow them. and, listen, it's over. the party's over for them, but they just don't see it, and they're not going to go away. charles: to that point, elizabeth, i think the first quarter of fundraising for the dnc is at a record low. perez is a disaster anyway, but again, this resistance movement and fighting the war that's already over, to me, also does
something very dangerous in that it offends the american voting public. >> right. and so hillary clinton and joe biden, the biggest favor they could do the democratic party would be to go away. i mean, nobody wants to hear from them anymore. if you're a democrat, i have to think that you would want them to at least be honest about why they lost the election and talk about how they can fix their party which is discussing why their message has totally left behind a huge portion of the electorate and the white working class. hillary clinton and joe biden, it's in their blood. they're not going to give it up. i wouldn't be surprised, honestly, if either of them ran for office yet again. they just can't let it go. charles: well, lawrence -- >> charles -- yeah. charles: go ahead. >> remember, barack obama was never supposed to be their candidate. he came out of the, nowhere. hillary clinton was supposed to get that nomination. so this has been going on for a long time. remember, barack obama didn't even use the democratic resources.
he built his own infrastructure and took the nomination from hillary clinton. so they are behind in time, and now they're faced with trying to find somebody in such short time, and they don't have anybody. charles: what about, deneen, all of the obstruction that's going on in washington, d.c. can itself? again, these old school leaders, schumer, pelosi, they're unmitigated disasters, and you would think the party had a chance to get rid of them. instead, they're following them further down this brain, if you will. >> listen, it's all about power. these individuals, they are obstructionists, but they just can't let go of power. it's like the kung fu grip they've got going here. [laughter] hillary clinton, joe biden, they are barriers to entry. they don't want any new blood, any fresh faces coming up, but i say keep it up, because what they're doing is just making things worse for their party. charles: they certainly are. guys, thank you all very much. next, hard evidence that the trump economic rally is real, the american economic renaissance has begun.
wait until you see the numbers. we'll be right back. if you often suffer from a dry mouth, over time it can lead to cavities and bad breath. that's why there is biotene, the # 1 dry mouth brand recommended by dentists. biotene. for people who suffer from a dry mouth. ♪ mattress firmness? enter sleep number... she likes the bed soft. he's more hardcore. you can both adjust the bed for the best sleep of your life. save $700 on the temperature balancing i8 bed. ends sunday. go to sleepnumber.com for a store near you.
charles: okay. so it's early, but there's really evidence of serious traction happening with the donald trump economy. in the initial post-election excitement that we saw, it's becoming hard and fast economic reality. now, through the month of april we're seeing a decided move in job creation and wages, and this market could rally at 20% where we are now. that would put it above all of those most recent presidents. one of the reasons for this is corporate earnings. growth is being to accelerate and this, of course, bodes well. and all of that confidence, by the way, that we saw brimming continues out of the executive suites since november of 2016, the election. and finally, there's the consumer beginning to step up bigtime. spending just now reaching a five month high. it's a trend that i personally see continuing as jobs continue to pick up and wages improve.
joining me now to discuss, steve cortes, eric beech and liz peak. liz, a lot of people keep focusing on what parts of the trump economic agenda haven't been passed in d.c. >> yeah. charles: i think they're missing the ball. the economy has started to move. now, whether it's in anticipation or not, the bottom line is we have pulled out of the station. >> yeah. there's no question that part of the optimism prang from the fact that we -- sprang from the fact that we would have tax reform, but look, i think the whole message out of washington is so radically different from the eight years of obama. we are open for business, and donald trump more than anything, a win in his column is creating jobs. businesses know that, they know that deregulation is taking place behind the scenes. as you said, it hasn't gotten much credit, but donald trump -- and the agencies too, by the way -- are basically slashing regulations as quickly as they can. look, the proof's in the pudding. earnings are up 14% in the first quarter, best caster in 16 years, something like that.
that's what you needed, and that's what we're getting. charles: steve, i know that president trump's surrogates and those who really want to see the economic agenda put through, i feel like they come on tv sometime, and they don't want to sound too rosy or we make take our -- we may take our eye off of the legislative ball. the economics feels pretty good right now. >> right. and, charles, don't count me among those who don't want to appear too rosy. i'm as rosy as it can get right now. let me tell you something, donald trump was elected by blue collar workers primarily in the midwest, and thank goodness. those are the people who have been left behind by this slow economic expansion of the last decade. those are the very people who are now, finally, at last, starting to really participate. and so what we're seeing going on whether you look at the stock market, whether you look at surveys of the national federation of independent business, consumer confidence, all of it, wages, all of it is starting to accelerate.
so it's palpable what's going on out in the country. i think what we need to do as a country, as citizens, as investors is ignore the mainstream media which wants to focus very much on the nashing and wailing -- charles: oh, sure. >> -- in washington, d.c. and focus instead not on what's going on in washington, but what's going on in waco. and what's going on there is a lot of working. charles: eric, do you know who's ignoring them? lower income and lower middle class folks. earlier this week the consumer confidence report, folks making $15,000 or less, confidence at a 16-year high. that's not confidence in government giving you a greater handout, that's confidence in i'm going to have the ability to pull myself up by the boot straps. >> look, we all know that, you know, there were 600,000 jobs created, a lot of them in construction and manufacturing, but one other thing that hasn't been mentioned is really his america first policies and that that's being followed by, you know, the marketplace. you know, there is, you know,
really an unwritten -- if you want to -- battle between nationalism and globalism. and we're seeing that play out here in the marketplace with some of his policies. we're talking about tax reform. of course, you saw the paris treaty accord today, pulling out of that. every time donald trump signals to the rest of the world that he's going to put americans first with his policies, the markets jump up. the proof is in the numbers. so it's going to be very interesting to see how the rest of the year plays out and if we can reach that 20% threshold. charles: liz, are you concerned still -- the main concern wall street had was a trade war. wilbur ross said he's ready to start renegotiating some mega-trade deals. it doesn't sound like trade war to me. >> no, look, wilbur ross or trump are not anti-trade. when you look at the tpp, the big multi-nation deal that was sculptorred by trump, the truth is america was not a big winner in that trade deal. the world bank did an assessment. vietnam, thighhand and one other
country, maybe -- thailand, maybe singapore, were going to win big. the treaties have not been particularly written to benefit us. charles: right. >> and, by the way, nafta -- which is up for renegotiation -- everybody understands since there's a lot of stuff in there that it's outdated and antiquated. so all of this makes sense. it's just, you know, sort of chattering heads people going crazy because it isn't globalism. it's the opposite of that. what we're doing is good for the united states. charles: all right, guys. speaking of tpp, don't forget the president of vietnam came here this week, and he left us with $17 billion in deals, so maybe those individual deals might make a lot more sense. thank you all very much. next, president trump chiming in a day after the house intelligence committee issues subpoenas connected to unmasking. we may get some real answers after all. be right back. ♪ ♪ liberty mutual stood with us when a fire destroyed
ltry align probiotic.n your digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.
charles: breaking news for you, former fbi director james comey will testify. we've got a date. this is before the senate intelligence committee next thursday when he is expected to disclose that he says president trump asked or nudged him to end that russia probe. this, of course, on the heels of president trump dropping the hammer on the obama era unmasking bombshell. this, of course, going back to yesterday. president trump tweeting two
things. the big story is the unmasking and surveillance of people that took place, rather, during the obama administration. joining me now to discuss, matthew whitaker. matthew, the seventh subpoena yesterday would have been sort of ho-hum news, but when we saw that it included the nsa, the fbi, the cia, it included susan rice, powers, brennan, people became giddy with excitement that perhaps we will get to the truth finally. in responding to requestsvery
for information regarding those foreign intelligence surveillance activityings. charles: i also hear the nsa is not exactly, you know, cooperating that much either. what do you make of it then? going back to the end of president obama, former president obama's term where he allowed -- he gave the power for so many people to be able to do this. obviously, creating an atmosphere where leaks became so much more possible. really rewrite history as to how the obama administration is viewed. charles: real quick, matthew, i want to get your thoughts of a report i saw in "the new york post" that journalists are now being surveilled to help find out where these leaks are possibly coming from. first, your thoughts on the legality of that, and do you
would be a lot of concern trying to figure out where these leaks are coming from. charles: matthew whitaker, thank you very much for joining us. i want to bring it out to our possible, lawrence jones, bob cusack and gordon as well. bob, let me start with you. i'm thrilled that
perhaps we'll get to the bottom of this. i think the media has missed completely what's going on here and, you know, they've painted a certain narrative with russian collusion, but the idea of the leaks, to me, bother me more than anything else. >> no, the leaks are definitely crimes. when you reveal sources and methods, that is a very serious crime. and i think this investigation -- we don't know a lot about it, but it should include what was russia's role, was there collusion, but who was the leaks?
i mean, who was giving those leaks out? it's a crime. and, now, mike flynn's in a lot of trouble, but he's in a lot of trouble because of a leak that was illegal. charles: hugo, same thing to you, of course, hillary clinton going as far yesterday to say, hey, breitbart was involved, russian bots were involved, you had -- they're really pushing this narrative to the point that not only have they made accusations, but they're trying to condemn members of trump's campaign team and, of course, russia along the way. >> well, absolutely. and on the left are, on the democratic side they want to suggest that the only real problem, and it's a huge one, is the russian interference and the possibility of collusion. but you're quite right that the story has been largely ignored about the extent to which the obama administration may have used another government agency, in this case the intelligence agencies, to snoop on political opponents. we already know that other
agencies like the irs were used -- abused their powers to take on conservative organizations. i think that the investigation that's going on now needs to get to the bottom of the possibility that another agency -- charles: right. >> -- or agencies were doing similar things. charles: well, there's no doubt that someone leaked something to the press with respect to flynn and bob's point. we do know that the irs was weaponized to go after tea party members and go after other folks. and, lawrence, i want to ask you about that, but also the story about the government now spying on journalists. is that going too far, or is that -- in this era of fake news and a press that's in a clear war with the president -- okay with you? >> well, i definitely believe that i'm tired of the leaks. i think that's bad. it's illegal, it's breaking the law. but when it relates to spying on journalists, i'm not for this, charles. you know, we saw this with james
rosen when he was with obama administration really going after him. i think we have to really put the brakes on how much we want to investigate. look, i think the government needs to get to the bottom of the leaks, and it's easy to do that. you put out misinformation, figure out who leaked that information, and then you nail the person. charles: yeah. >> but you can't start going after journalists. charles: bob, how confident are you that we will get to the bottom of this? >> i think that these investigations are going to go on for some -- charles: you mean like years. >> definitely a year at least from this point forward. and i think that, you know, we're going to find out a lot of information we don't -- and i think there's been far too much speculation about what could be in the final investigation report or not. we don't know. so i think that are we going to find out everything? no. but i think that we're going to find out a lot, i think. bob mueller picked as the special counsel was a very good choice, and the problem for the administration that mueller and
james comey, they're very close, and that has to be worrying some people in the administration. >> yeah, but -- charles: real quick, lawrence. >> my concern about the mueller thing, you saw democrats and the media saying he's the credible guy, but they said the reason for their leaks is they didn't feel like there would be a credible investigation. now that they have mueller, they continue to leak. it just begs the question even though we have mueller, will they continue to go after donald trump even after he proves them to be not right or he may say donald trump colluded with russia. i don't think he will because there's no evidence to justify that. charles: there's a chance that some of the mayor leakers are already -- major leakers are already out of government, and maybe the long arm of the law can reach them. guys, thank you very much. tonight, 7 p.m. eastern on fox business, lou dobbs will interview trump's senior counselor, kellyanne conway. that's going to be a good one. meanwhile, stocks are on fire, propelling all the major indices to record highs. i'm going to tell you why and also tell you what you should be looking to buy, coming up next. ♪
♪ ♪ charles: the philippine national police chief saying now robbery may have been the motive when gunman stormed a luxury resort in manila. the chief also says he's doubtful in this particular case there are any terror links. t you want every night. enter sleep number and the semi-annual sale going on now. sleepiq technology tells you how well you slept and what adjustments you can make. she likes the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store... oh, and right now, save $200 on our queen c2 mattresses now only $699. ends sunday. go to sleepnumber.com for a store near you.
charles: well, it finally happened. the dow jones industrial average joins the other major equity indices, surging to an all-time high. more broadly, we saw the buying spread to heretofore unloved sectors and individual stocks, financials which have been a major disappointment outperformed everyone today. i continue to base a large part of my investment theses overall on jobs and wage improvement. and my subscribers right now, we're overweight retailers, believe it or not, and other consumer discretionary names. by the way, those names helped set the pace today. signet, i wouldn't chase that one, but dollar general posted
solid earnings, gave great guidance this morning, and after the close, it continued. shares of lululemon through the roof, and by the way, they all might be buys. i will say, though, one major disaster, restoration hardware, that's getting slammed. overall, the catalyst the market had been waiting for came in the form of that jobs report this morning. it was simply magnificent. on the top, the big news that employment for last month, 253,000 jobs were created, the street was looking for 180,000. the most important part of the report, the goods-producing jobs which continue to ramp up at impressive speed. of course, i'm talking construction, manufacturing, mining. get this, in 2016 they saw an average gain of just 7,000 goods-producing jobs per month. so far this year a whopping 63,000 per month. so you must have exposure to stocks like this in your portfolio. you do that by industrial and material names. by the way, wall street is even
getting hit with this whole thing. goldman sachs going from sell to buy and illinois toolworks is a stock that i love, and there are many others in the space as well. in fact, i've updated my dirty fingernails report for stocks you have to own in the rebuilding of america's economy. get a free copy, make your portfolio great again. the train is leaving the station. meanwhile, prescription drugs and that crisis nears a legendary golfer. we're talking, of course, tiger woods. the question, though, is there a solution? because this is a desperate menace for everyone. we'll be right back. ♪ ♪
your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $509 on auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >> recite the entire english
alphabet in a flow, meaning you're not going to sing it, okay? do you understand the instructions? >> i do. >> okay. what were the instructions? >> not to sing the national anthem backwards. charles: well, that was tiger woods, obviously, extraordinarily disoriented. this after he was awoken by a florida police officer early monday morning. the 41-year-old golf icon later insisting, quote, that alcohol was not involved. what happened was an unexpected reaction to prescription medicines, and at this point it seems that no one is immune from the negative opioid side effects including addiction. but some people are fighting back including states. just yesterday ohio's attorney general filed a lawsuit against five drug companies alleging that they have feud this addiction crisis by misrepresenting the risks associated with their painkillers. here to discuss are the doctors, nicole sapphire and marc siegel. dr. sapphire, painful to watch that with tiger woods, but it
does bring a point that a lot of people have been making for a long time that these prescription drug medicines -- and we don't know his exact case -- have become something more of a scourge than a help for mankind. what are your thoughts? >> well, you know, we can only surmise based on what the police arrest record and what tiger woods has said himself. he has said he was on vicodin. what's going on now is not like big tobacco. the fact industry, there was nefarious selling of a vice substance with known detrimental effects. pharmaceutical companies here have made a medicine, a medicine that when used appropriately is extremely effective at treating pain. however, what we're seeing is a little bit of overprescription -- not a little bit, but a lot of overprescribing whether intentional or just ignorance. charles: dr. siegel, i think you think it's more nefarious than that. >> i think it's a combination. i agree with everything
dr. sapphire just said. she's right, there is a use. after surgery some people actually require this if you're in severe pain, but how long does a doctor keep you on it? there's a 25% risk of addiction after surgery or after any use of opioid in a non-cancer patient. so are we mindful of that? you know, the new head of the fda, scott gottlieb, is saying, look, past 30 days, that's when you better prove it to us. charles: someone says i'm in pain, you say prove it to me, isn't this part of the issue here? >> doctors want to say yes whether it's to antibiotics for a cold medicine or a patient saying they're in pain, we want to help. and the way that the world is right now for doctors, we're kind of -- we have to help because patients can really affect how we're reimbursed just by low satisfaction scores. >> absolutely. you know, we don't have to give a prescription unless we think it's indicated. so you have to say that drug companies are enablers here, because back in 1980 there was a big article in the new england journal of medicine saying this
stuff is not addicting, it's safe, it doesn't have side effects. and then the drug companies picked up on that, charles, and they came along and they pushed us and pushed us. bottom line is, you can push us all you want, we don't have to prescribe it. >> let's also remember the joint commission in 2001 put all those pain scales everywhere in every hospital. you see the faces everywhere. that's a constant reminder saying you need to -- charles: right. when i bump my knee, i'm at a 9, okay? i've seen a lot of people who have gone through major operations, and they say it works, but they become afraid. they become swim dated by just -- intimidated by just how good it works. i guess the issue is when people come off of it and they start using cheaper, heroin or other things to replace it. this is the worst drug crisis perhaps this country's ever faced. >> after an operation, how many pills did they give you, how long are you on it, four out of five heroin users started with prescription drugs. we have to be responsible -- charles: ohio's suing the drug
companies. is that a step in the right direction, or are you afraid to say that on tv? >> i think it is a triple threat. you have pharmaceuticals, doctors, patients, and insurance mixed in somewhere. pointing the finger at big farm that is not the answer. >> i agree with that -- big pharm ma. >> they pressured us, part of the problem. but the horses are out of the barn already. we're starting to try to scale back, so it's spilled milk -- charles: how do we fix it? >> ohio's doing great. they're doing great things right now because they've been hit as one of the hardest states in the nation. they have automated prescription monitoring, they've cut back a lot of the pill mills. they've already reduced their prescriptions by 20% over the last few years, and that's what we need to do, regulations. this tit for tat and i'm going to sue you because you may have done this, you may have done that, that's the wrong focus. need to focus on treating these patients and moving forward. >> completely agree. and in new york state we have a system where i literally have to log it onto a state web site,
and all my prescriptions are electronic now. if they're -- all are electronic, but the point is they can track it, and the doctors are much less likely to overprescribe if they're being monitored. charles: we're going to have to do something. some people say build a wall, stop the flow of drugs coming from mexico, but demand is an issue as well. >> the problem is it's a disease, and we have to treat it. charles: all right. thank you both very much. appreciate it. well, the globalists are circling the wagons. i'm talking about the world's richest and most powerful are gathering right now at the secretive bill deberg meeting. this year president trump sent a couple of his top guys to keep an eye on things. we'll be right back. ♪ finally. hey ron! they're finally taking down that schwab billboard. oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low? that's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums?
...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly.
fake news. but the conference is really focused on president trump's agenda. and their agenda is to make sure that america first does not hurt their global wealth or their global connections. so the white house, well, they're not taking any chances. they sent along some big hitters to help defend the boss and the american public including national security adviser h.r. mcmast exercise commerce secretary wilbur ross. joining me now to discuss, eric beech and steve hilton. eric, let me start with you. the conference always has had this aura, rather, of secretiveness and sort of being against the will of common people around the world. what are your thoughts? >> well, i guess they're going to have something to talk about after today with the president pulling out of the paris treaty accord. but that's what his whole campaign was about. it really was a debate, a
national debate between nationalists and globalists. and, you know, what's really interesting is if you look at the markets, if you really look at the job creation. not just, you know, everyday americans, but even the markets on wall street seem to be reacting positively toward his america first policies. so it'll be interesting to see. i think he should send his administration there, learn about what either globalists or world leaders think in terms of the business community, get their input. but at the end of the day, i think his instincts were correct when he ran as a candidate, which was to put americans first with all of his policies whether that's securing the border, whether that's, you know, job creation, whether that's, you know, the tax code, whatever that might be. those are the things that he got elected on -- charles: right. >> he was in tune with the american people. charles: steve, what do you make, i mean, davos, the paris accord, the g7, nato, the united nations, all of these entities have been around for a long time, and it feels like the plight of the common man and woman has not improved. is there a legitimate argument against sort of this global
elite and how they control things or how things don't seem to improve under their watch? >> charles, you've just given an incredibly great summary of my new show -- [laughter] which is "the next revolution" starting on sunday night. that is what we're going to be talking about. because what's really been going on, and you see it with this event and all the other things you listed, is people have finally woken up to the fact that for decades now regardless of who they actually vote for, the same people seem to be in charge; the big, global corporations, the bureaucrats. and they all get together in these events, and they put their interests first instead of the interests of working people. and they've finally woken up to that. that's why you saw wrecks sit in the u.k. -- brexit in u.k., why you saw the support for not just donald trump, but also bernie sanders. people are finally realizing they want to take back power from these centralizing
bureaucratic elites and make the decisions for themselves about what affects their lives. charles: of course, the elites don't give up power that easy. i think we have a photo of the world's third largest beer producer, heineken. they're saying here's to an open world, a world without borders or barriers. this is heineken. this is the beer i typically drink. i don't think i'll drink it anymore, but what do you make of that, eric? >> i'm not going to boycott heineken, i like it too much. [laughter] at the end of the day, look, the business community has to do what's in their best interests. donald trump is the president of the united states. i thought one of the biggest parts of his speech today when he said i was here to serve, you know, pittsburgh not paris, and he's talking about one aspect of his policies. but that's the reality. and when he's running for president of the united states, we have, you know, tried to make, you know, even in our foreign policy tried to make the world america. charles: right. >> at the end of the day, his responsibility is not just to protect all american citizens,
but tow put the -- but to put the best policies in place so americans can flourish. charles: although that little thing on heineken's bolt does underscore the fact that some very powerful entities do want to see open worthedders. guys, thank you very much. see you at home. and now here's lou dobbs. ♪ ♪ lou: good evening, everybody. president trump today announced a decision sure to rattle globalists, environmental extremists and the left-wing know-nothings who care little, if at all, about the unfair and even destruct cannive consequences of -- destructive consequences of the paris agreement on the u.s. economy and our way of life. in withdrawing the united states from the bad bargain, president trump reached out to the dems and the left to join with him in either renegotiating the paris accord or joining with him in leading the construction of a new global agreement that would be balanced, sustainable, effective and affordable, respecting american indust