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tv   The Journal Editorial Report  FOX Business  May 12, 2019 10:00am-11:00am EDT

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thanks so much for watching, and remember -- you can't take it with you. paul: welcome to "the journal editorial report," i'm paul gigot. the battle between president trump and congress heating up as the house judiciary committee voted to hold his attorney general, william barr, in contempt for refusing to provide lawmakers with the full mueller report. the president asserting executive privilege over the unredacted report and underlying evidence and fighting congress on another front as well with treasury secretary steve mnuchin telling lawmakers he would not comply for a request for six years of the president's tax returns, prompting a subpoena from the house ways and means committee. democrats are objecting and declaring that the nation is in
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a constitutional crisis. >> we've talked for a long time about approaching a constitutional crisis. we are you now in it. >> i agree with chairman nadler because the administration has decided that they are not going to honor their oaths of office. paul: let's bring in our panel. editorial page writer, gillian melcher, bill mcgern kim straw straussel. are we in a constitutional crisis. >> we are not. this is manufactured. nadler says they want to get ahold of more information. they can't be the case because attorney general bill barr provided them a mueller report that had hardly any redactions. he offered congress a report, a version of it that had fewer redactions. they have the opportunity to get a lot more information.
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instead, they sent him a subpoena that he couldn't comply with because he would have had to have broken the law. they rejected all of this proposals for how to obtain, to get them more of the information and underlying evidence that they want. so you have to look at this and wonder if this isn't political show. paul: this is in many ways you're saying a phony war, a phony crisis, just because they want to make it seem worse than it is. >> it is. because nancy pelosi doesn't necessarily want to go down the road of impeachment. they want to make it look to all of their followers that they are playing hard l ball ball, that e taking it to the administration and the administration is engaged in obstruction. this is for the polls in 2020. paul: let's take these one at a time. the barr subpoena, now, whose got the better argument about that legally and on the merits? >> oversight is an important function. congress, the subpoena is a key
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weapon in this. this is a weak case in the case of the barr contempt vote, over withholding grand jury energy. information. it's against the law to do it. paul: they need a judge's approval. >> i think they realize that. in the last two days it's moved from one subpoena, one contempt vote. first we had a subpoena cannon. now we may have a contempt omnibus. it's like setting off all your rockets at once. i'm not sure all their cases -- i think they have some cases in, for example, the tax statute, the way i read it, it looks like congress does have the right to see anyone's tax returns. but again, it's going to go to the courts. i'm not sure that they've shown the good faith and they risk having a court overrule them. paul: tax returns, there's a statute that says they have the right to look at it, senior members of congress, the tax committee. on the other hand, they have to have a legislative purpose for
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that kind of oversight, according to the supreme court and those are the grounds that mnuchin cited in resisting. who has the better in that argument. >> i think it may be a close call. the legislative purpose is an interesting point. because what congressional leaders have said is that they want to make sure the irs, which is supposed to be auditing the president's tax return every year. paul: that's their policy. >> is doing it or doing a good enough job. they asked for six years of president trump's tax returns. according to my math, president trump hasn't been the president for six years. they haven't asked for george w. bush's tax returns or president obama's tax returns. the question is whether courts will take into account that kind of context when they apply the law. paul: what about the contempt citation, if somebody was held in contempt, how seriously should an administration take that? it sounds serious. we want presidents to obey the law. this will not be first time an attorney general has been held in contempt. >> i think democrats are rushing into thisms if yo -- this. if you look at eric holder.
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paul: former obama attorney general. >> it took them more than 250 days for them to take the same action. here you have congress rushing into this in less than a month. there is a risk this will look overtly political. paul: can they enforce the contempt finding? >> that's an ope question. are they going to arrest barr? paul: send a sergeant of arms and arrest him at 6:00 a.m. one question politically here. you mentioned nancy pelosi doesn't want to impeach. if you raise the rhetoric, obstruction of justice, constitutional crisis, self-impeaching, that's one of her phrases, donald trump is self-impeaching. could she be trapping herself and the democrats so the base gets so riled up, where they say you've got to have an impeachment inquiry and a vote. >> it's an enormous risk. it's the big flaw of the strategy. i firmly believe they think in
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throwing this red meat they're going to satiate the masses out there. you have a lot of progressives, progressive members of congress saying you're laying it all out there, why aren't we moving ahead. you say he should be impeached. let's get the resolution moving and take a vote. i worry, i think at some point they're not going to be able to hold that off. paul: bill, about 30 seconds. if they go ahead with impeachment inquiry, once you start it, hard to stop on the way to a vote. >> that's a promise. you say there's a constitutional crisis. how do you stop the train? the problem ms. pelosi has, she has 31 democrats in the trump district, they're not calling for an impeachment. jerry nadler would love to be the man to impeach donald trump. on the contempt things, if you want the information, you have a more credible case when you file an article of impeachment. courts give you more latitude
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for the information you want. paul: the supreme court has said that. still ahead, china vows to retaliate as the trump administration makes good on its threat to raise tariffs on billions of dollars in chinese goods. the very latest on the trade standoff when we come back.
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michaemichael pillsbury is the r of the book regarding chinese's strategy to replace america as the global super power. good to have you with us. the president and secretary mnuchin said the talks were constructive. it looks to me like there's a big impasse here. how do you read it? >> i agree, the word impasse is the correct word to use. you can also use the term breathing period that the chinese seem to rethink their position to get out of this mess from china's point of view. they've got to undo the reneging if that's a phrase. they've got to close the deal. mnuchin was talking about 90%. everybody according to rumors knows the last 10% is sensitive stuff, involving enforcement and other measures. for china to get out of this and also to meet their own hard liner's requirements mean they
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have to put retaliatory tariffs on the americans pretty soon. they'll pick out products and sectors that have key senators like mitch mcconnell or chuck grassley involved. my book's thesis is the chinese are pretty smart and may be out-smarting us. paul: let's talk about the chinese. that's your expertise. you followed the country for so long. you have -- some people in the united states think xi-jinping is all-powerful. you know that's not true. there are factions in beijing. leo hu, the chief economic negotiator for president xi, is he losing the argument in beijing? is that what has happened here? >> well, we all know when we read the tea leaves his main title of being a special envoy of president xi was removed. they made that clear last week. so it's not that he's lost total confidence. but i suspect the hard liners in china, who i know extremely
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well, unfortunately, for over many years t. hard liners didn't like the 150 page agreement whence they got a look at it. it's very secret, both on our side and their side. only a few people, including president xi and president trump, have seen the actual deal. it's extremely sophisticated and detailed. the hard liners may have said no, we've got to back out of several of these things. that causes le cause leo hu to . he's an economic reformer. he signed a document about 10 years ago, and he's caught in the middle. the fact when he came out on friday, he was smiling, i took that as a positive sign. paul: my sources tell me that in fact that 150 page document included very pr proscriptive language, saying that they will do the following on tech
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transfer and leo hu when he came back, he said wait a minute, i can't be that proscriptivest, that would be too much to give to a president. let's make it more general and they said you can't make it general. we need specific commitments. what do the hard liners want? no deal? >> leo hu used a phrase in mandarin. he gave a post walk-abriefing to the chinese press in mandarin. i took a look at it. there's an interesting concept called balance of dignity. if the americans are going to intrude and draft council directives for us and inspect us and punish us if we don't go straight, we want the same privileges in washington, d.c. and we have laws that say no, china cannot do that. paul: right. >> so it's an interesting tradeoff here over this term of balance of dignity is one of them. the other one i think is concerning to the chinese side is the way the americans have
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implied this is an easy deal. you know, china's made a lot of concessions, it's game over. that looks bad to the hard liners. their whole narrative in the last 10 years since xi began the political career to take china, hard liner's narrative has been america is out to get us. they're arming india. they're funding dissidents. they're helping students in hong kong. they want to overturn the communist party. they want a new cold war. this is the hard liner's story. it's not true. the u.s. has made small efforts in those directions but nothing like what the hard liners fear. paul: what can the u.s. do in negotiations. if they want these efforts, xi has to get something. what should we give them? my suggestion would be lift the tariffs that the president imposed, they vi -- if they vioe
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the agreement, they can go back an impose them. >> that's pretty much what i said in my op ed, that the chinese need to earn their way out of the tariffs. i agree with what the president did. he's got to make clear that the chai niecchinese can earn theirt of these tariffs with good conduct. these are not long-term, punitive tariffs. they're done for a purpose. president trump has tweeted that a couple times, he said it once. the chinese don't seem to get this concept. earn our way out of punitive tariffs. you i tried to put it in -- i tried to presiden put it in manr them. they say no, it is humiliation of. i think a month or so ahead they will change their minds on it. otherwise they get up to 25% tariffs, all exports to our country. paul: thank you for being here. when we come back, the political
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fallout from the china trade show and how can president trump manage the economic risk of a trade war as he heads into his re-election campaign. >> you see the tariffs we're doing thedoing because they broe deal. they broke the deal! fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands?
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representing us against president xi china. that will be great. that will be great. i want to be in that room. i want to watch that one. paul: the trade standoff with china seeping into the 2020 presidential race. could the economic uncertainty hurt president trump as he campaigns for re-election? we're back with our panel, gillian melcher, bill mcgern, kikim extras c is strassel. is this a breakdown? >> i'm hoping that it's the storm before the calm. and i think the president knows that, that for his -- for the economy to keep chugging along, a deal is really important. a lot of people have supply lines into china. i think the danger is, look, china does cheat. there's no question about that. paul: we're trying to get them to stop. >> what cost do you absorb? what is the cost of trying to fix that. no one has found good answers to this. you sometimes hurt your own
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economy. there's three arguments the trump people make. one is i want you to treat me like i treat you. the second is, i want to reshape our economy and get our manufacturing back and the third is, i want to keep china poor or hurt their economy. paul: some. >> that's what i'm saying. these arguments are mixed in. paul: that's not the arguments i hear at the senior levels of the trump administration. that's some others. >> i think the second argument is part of that, about reshaping the economy. if you want equal treatment, that's easier. sometimes it gets jumbled up in how people approach china. paul: markets seem to take it in stride this week, especially after the constructive comments. how much damage would there be in china retall yates, as as -- retaliates, as it says it's going to at some point and the president of the united states says i've got to do something more and then does go ahead and slap 25% tariffs on all $300 billion more of you chinese imports? how much economic damage is that. >?>> it could be a lot.
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everyday people may start feeling this as prices go up on toys and shoes. paul: and smartphones. >> right. he has bought himself a lot of leeway with deregulation and the tax cuts. the economy is chugging along pretty good. it's possible some haven't noticed it so far. there's a study of, as bill said, all these other tariffs, there's a study that says steal tariffs have brought back some jobs at a cost of 900,000. the washing machines have brought back some jobs. the effects are going on. it will be up to the opposition to bring them out and make the case. paul: and the political damage, economic damage being felt in particular by farmers, the farm belt. soybean exports from the united states to china fell through the floor last year. brazil is making hay, hai pardoe mixed metaphor with that, graping those markets. >> -- grabbing those markets.
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>> i think they're already facing challenges and this to continue your hay metaphor, the straw that mik might break the camel's back. some are saying we'll hold off as long as trump can make a deal. there's only so long they can hang on. there's been an uptick in farm bankruptcies. this is an area that's trump political constituency. paul: he understands that. he says if this keeps up, we're going to buy all of these -- the soybeans and we'll give them away around the world for humanitarian reasons. that's going to cost a lot and the markets may not come back. >> it's pain one way or the other. it's who will absorb the pain. that's a solution that puts it on the taxpayer across the board. paul: the political impact at home of this, the president thinks tariffs are popular. he's not getting a lot of
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criticism from democrats at all. the criticism i guess so far coming mostly from republican business interests. which are afraid of losing markets or inputs. how do you see this playing out politically if there is no deal, is this better for president trump, a deal or no deal? >> well, he's not getting a lot of criticism from democrats now because this is actually one of those odd areas in which there is some cross-party agreement. you had schumer even being somewhat complimentary of this. now, don't expect that to last, okay. they're going to come back and say that the president is doing damage to the economy, he's handling this the right way. i think in the end, the hard part for the administration here is they know that there are real risks to the economy. but there's also a belief, and it's the easy thing to do, by the way, would be to get a deal but there's an understanding in other quarters of the business community and this is the contrast to the farming point, but for other huge sectors of
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the economy the intellectual property theft issue has become of such a he proportion that feeling within the administration is you have to get china to deal with that. you can not have a deal without it. and that is in part what is escalating all this. paul: he's got to get, kyle, a good deal. if it's a bad deal, it's -- he's going to get criticized. he's got to get a good deal. if not, we're going to have 18 months at least of tariffs. >> that's true. again, the message is always money. sometimes he's talking about the huge bilateral trade deficit which is kind of a meaningless statistic. paul: economically irrelevant. >> some of this may be posturing for the chinese. given his background, his previous statements, i'm not so sure he doesn't believe this. paul: you think he may prefer going to the country with tariffs, briefly. >> it you may also just be a matter of showing that he's tough on the chinese, he's going to be tougher than buttigieg.
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that may be his political calculation. paul: thank you. still ahead, amid rising tension, the trump administration imposes sanctions on iran and orders a carrier strike group to the persian gulf. how tehran is responding as the u.s. ramps up the pressure, next. >> i look forward to the day where we can actually help iran. we're not looking to hurt iran. -that's how a home and auto bundle is made.
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we have continued to see activity that leads us to believe that there's escalation that may be taking place. so we're taking all the appropriate actions, both from a security perspective and as well as our ability to make sure the president has a wide range of options in the event something should take place. paul: the trump administration deployed the u.s.s. abraham carrier strike group along with u.s.s. arlington to the persian gulf, a response to what mike pompeo called a number of troubling warnings from tehran. the deployment comes as the u.s. announces fresh sanctions targeting iran's copper, iron, steel and aluminum industries and as tehran warns european leaders it will stop complying with key parts of the 2015 nuclear deal setting a 60 dated line for the parties to negotiate new terms. mark dubowitz is chief executive for the foundation for the defense of democracies where he leads the iran program.
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so mark, thanks for coming in. good to have you back. >> thanks, paul. paul: in my experience, the u.s. doesn't deploy this kind of military force as quickly as it has unless there's really good inteintelligence saying there's something to worry about. is that how you read it? >> certainly there's good intelligence that the regime in iran was threatening u.s. interests and u.s. allies. the deployment is a message to the regime to be careful. the carrier group, the b52 bombers, they were part of a regularly scheduled redeployment but certainly i think it sounds like things were ex he pe expedo send a message that they had real intelligence of real threat. paul: the head of the kurds force of the islamic revolutionary guard corps, his tactics do include the use of force and striking back. usually through proxies, like
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hezbollah and mal -- militias. do you think this is how it would happen, if it does, from an iranian point of view. >> that's his playbook. he's killed hundreds of americans over the years. and so i think that's probably the intel that the u.s. government was picking up, that he was going to be using shiite militias potentially against u.s. troops in iraq or in syria and certainly against u.s. allies and u.s. interests throughout the gulf. paul: maybe american diplomats and embassies, i think they were worried about that. do you think the iranian government could actually want some kind skirmish with the united states, militarily. to help themselves domestically at home? >> it's always possible. i think it would be suicidal for the regime to confront the united states, certainly given overwhelming american conventional power. i think it's the reason that you hear from president trump,
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secretary pompeo, ambassador john bolton as well as the commander of u.s. forces in the middle east that if he tries this indirectly through proxies, as he has in the past, they will hold the regime in iran accountable. paul: all right. let's turn to the nuclear agreement and the threat to the europeans from iran that if they don't do something to fulfill the economic terms of the agreement, beyond u.s. sanctions, they will withdraw in 60 days. you take that seriously? >> i don't take it that seriously. i think the regime in iran understands that if they do withdraw, the europeans will actually join the united states and reimpose e.u. sanctions and u.n. sanctions. so iran has to be careful. but i think what you will see is, again, the iranian playbook tends to be they expand their nuclear program incrementally, not egregiously over time, the sum total of those increment alex panses are egregious.
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so i think they'll try to blackmail the europeans and get the europeans to try to force businesses and banks to start returning to iran. i think it will be whol wholly unsuccessful. paul: what about the threat, they'll keep excessede enriched uranium and heavy water, that they'll keep that. how serious and important is that? >> it is important. it would be a breach of the agreement. it lowers the breakout time for iran to weaponize uranium and develop nuclear weapons. i think they will start to dial up on the nuclear side and, again, nuclear blackmail against europeans on the establishment that the europeans will freak out and start to put immense pressure either on washington or start to breach sanctions. so this is part of the iranian playbook. it has been for years. it's something we've expected.
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paul: is all of this acting out by the iranians a sign that the stricter sanctions, particularly sanctioning the iranian revolutionary guard corps and the tighter sanctions on oil exports, that those are starting to hurt? >> there's no doubt about it. i think the sanctions president trump reimposed, the new sanction that's have come on-board in the past couple weeks against the irgc and oil exports are beginning to put severe amount of pressure on the economy in iran and i think that the regime worries at this point that they may be facing a severe economic crisis, but as well, a political crisis as thousands of iranians are still on the streets every day, yelling death to the ayatollah, death to the regime, why are you supporting hezbollah instead of supporting iranians. they're being squeezed between a trumpian rock and bolton hard place. paul: all right, mark, thanks for being here. when we come back, as joe biden
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continues to dominate in the polls, other 2020 democrats are trying to break through with a flurry of policy proposals from climate change to credit card interest rates. a look at what they're proposing and whether it will move the needle, next. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. run with us in the unstoppable john deere gator xuv835, because when others take rain checks... we take the wheel.
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state of the art technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. the payday lenders, enough is enough. your disgusting behavior in america is not acceptable. paul: that was bernie sanders taking on his favorite target, wall street. he is teaming up with freshman congresswoman alexandria ocasio-cortez on a plan to cap credit card interest rates at 15%. it's just the latest in a recent string of proposals from 2020 democrats, trying to chip away at former vice president joe biden's sizable lead in the
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polls. we're back with bill mcgern, kim strassel and kyle peterson. kyle, let's look at joe biden's lead. he's really riding high, no less than donald j. trump said this week that he thinks biden will get the nomination. what is bernie doing to break through? >> he's trying to repeal the laws of economics, no surprise. what he and alexandria ocasio-cortez have don proposeds week is putting a 15% cap on credit card interest rates, which would eliminate payday loans. paul: you put a cap on something, you get less of it, less credit for poor people. >> good luck trying to get a credit card if you don't have a stellar credit score. the same thing happened when they capped debit card fees, free checking went away. paul: bernie is going after biden on climate change. ha leaked story says he will
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imitate obama's policies on climate change, not go the full green new deal route, bernie thinks that has possibilities politically too, do you agree? >> i don't know. joe biden's strategy, what he seems to need to do is hang on and not alienate any segment of his support. bernie sanders of course is trying to pull away left-leaning voters. i don't know that there are that many people that are into socialism in the democratic party, not enough to be at least a plurality in a primary in new ham newhampshire or iowa. paul: cory book rer comin bookt with a proposal about guns. will this do it for him? >> it may get him some attention. it's an example of how big these proposals are. because you think about
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democrats, they've been weary about talking about the gun control issue or they've talked about closing loopholes or banning certain types of semiautomatic rifles. he is proposing a new proposal where it's the same thing of having to get a passport, you would have to sit down for an interview, give your fingerprints and get a license to get a gun. it's very dramatic and poe tone sly un-- potentially unconstitutional. there's obviously a lot of concern about these gun shootings and so he's hoping that this is his play for that progressive vote. paul: gillian, john hickenlooper wrote in our paper, he's running to save capitalism. all right. which is not what you hear every day from the democratic candidates. what's behind that strategy? >> i think it's a sharp strategy. you have the left, all of these
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democratic candidates playing to this energized young bernie base and i think the risk is they're going to scare off the broader electorate. biden has the broader lek director electorate, i'm a modee strategy. and hickenlooper is trying to get in front of that. he's saying most americans like the entrepreneurship, they like the idea they can pull themselves up by their boot strafes anstraps and i'm going d that. paul: does this have legs as long as biden is up by 40%, doesn't biden have to fall dramatically before that strategy breaks through? >> it may be. but it's something that we're talking about hickenloomer right now. paul: camill kamala harris, sa hot ticket, was supposed to do very, very well here and you don't hear a lot about her. now she's going to change her strategy, according to news reports. she's going to go drop some of the left wing policy proposals
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and go right at donald trump. >> right. well, i think that would be smart for her but maybe too late. paul: too late? >> joe biden should be in the lead. he's the former vice president of the united states with a long career in the senate. he has a lot of the african american votes that president obama got. paul: by his association with the president. >> by his association. and he has the reputation of being more moderate and they're making him look more moderate. kamala harris, their favorite word is trillia. i get these democratic alerts. bernie sanders, medicare for all, trillions. amy klobuchar, trillions for infrastructure. beto o'rourke 5 trillion for the infrastructure. in a way, they're making biden look more moderate. he can talk about the same goals but not quite as extreme policy. paul: briefly, kyle, kamala
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harris, good strategy to go after trump and ignore the other democrats? >> i think so for now. when we goat the debates, which -- get to the debates, which are only six weeks away, she'll have to go after joe biden too. paul: uber goes public as the popular ride sharing service begins trading on the new york stock exchange. we'll take a closer look at the risks ahead. it's been a long time since andrew dusted off his dancing shoes. luckily denture breath will be the least of his worries. because he uses polident 4 in 1 cleaning system to kill 99.99% of odor causing bacteria. polident. clean. fresh. and confident.
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of odor causing bacteria. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses
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go beyond the expected, to do the extraordinary. take your business beyond.
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paul: uber began trading friday on the new york stock exchange after raising $8.1 billion in the biggest pompeo since alibaba -- ipo since alibaba in 2014. the popular service isn't without its critics. ride share drivers in 10 cities
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across the country staged strikes wednesday, citing low wages and lack of benefits. so gillian, uber has really revolutionized urban tran transportation, gives us a new option. the ipo fell 7.6%. this probably wasn't the moment of triumph they hoped for. >> no, i don't think so. uber is a little conservative about solve of the risks and falling short of exec the stations. paul: in terms of the price they offered the shares. >> exactly. i think what they're looking at is just a lot of political risk here. you've got new york limiting the amount of licenses, the amount of uber drivers that can be out on the street at any given point. seattle is pushing efforts to organize unsuccessfully. paul: org. flie organize the . >> exactly. san francisco is going after a surcharge. the risks aren't limited to the united states. i was in copenhagen in january and they've booted uber out under pressure from the taxi unions. i was talking to my taxi driver
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about how aggressive that was. he was saying if oppose that, i'm afraid they're going to beat me up. paul: a lot of these companies that are floating, they're losing millions of dollars and yet they've got a valuation of $42 billion according to the share price, i think that's right. so i mean, how can you be valued at that much money if you're losing money and when are you going to make money? >> well, i mean, part of it, look, is this excitement about a revolutionary new business model, right. this is innovative. prior to uber and lyft and these things coming along, the idea that you could crowd share, use all of he these things, it was just -- this was a very big moment. so i think that you're seeing the expectation of where things like that could go. even though you haven't necessarily seen the profit yet. but we've seen that in prior big busting innovative sectors. but the question i think as gillian said is what's being priced in is enormous political risk. paul: maybe the fastest way to
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profitability, kyle, would be to move to driverless cars, you wouldn't have to worry about the unionization issues that are confronting them. but they've got a lot of competition. i mean, not just with lyft but taxi cartels in the cities, still have political clout. i mean, is this a company that, as an investors, if you're investing in, you're taking a big risk or is it safe, another amazon? >> i think the drop reflects the market fundamentals. in some of the ipo filings they close on operations they were losing $2 billion last year. they've built this model up. they've expandedde expanded it h subsidies for drivers and discounts for consumers. there's stiff competition from lyft. there's self-driving cars potentially coming any day now, tech companies keep tellings us. paul: it will be a while. >> it's a tran transformative business model that has made a lot of people's lives better. i don't know that this is amazon or pets.com either, maybe
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something in the middle. paul: something in the middle. bill, why do progressive politicians, so many of them, seem to dislike what's known as the gig economy, that is, the airbnb for example, using the internet for individualized services, why do they dislike it? >> this is the empire strikes back. if you think about it, a lot of these companies that are disruptive, whether it's uber or airbnb or even amazon, they're disrupting the heavily regulated industries. the airbnb people, because you and i can rent each other's homes, they can charge whatever rates and get under the rates that hotels charge, largely because of the unions. it's a threat to their model and their influence. if people are independent contractors a and not workers, classically understood, they become a lot harder to regulate and tell what to do. i think the progressive issue is
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to boss everyone around. they cut out middlemen. i don't know whether uber is going to achieve but the model is going to achieve. someone is going to figure out, because the model brings a lot of benefits to a lot of people. paul: gillian, are the unions going to organize the drivers, do you think and that will be a big addition to the cost base of these companies? >> i think they're sure going to try. they don't want to be missing out on all the dues money here and they're really concerned about it. i think they're going to get help from democratic politicians. paul: that's what seattle tried do. >> they did. they weren't successful. i think we're looking at the next nlrb. paul: national labor relations board. >> exactly. i think they're going to get a big assist from democratic politicians who rely heavily on union political spending. they have every interest in this. paul: we have to take one more break. when we come back, hits and misses of the week.
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we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. thank you. there is reward. beyond the classroom... there is inspiration. ♪ ♪ beyond work and life... who else could he be? that's what i say. there is the moment. (laughing) beyond despair... there is hope. ♪ ♪ stay safe. i love you mom. i love you too, sweetheart. ♪ ♪ beyond treatment... ♪ ♪ there is care. say hi to grandma and grandpa. ♪ ♪ beyond technology... there is human ingenuity. every day, comcast business is helping businesses big and small go beyond the expected, to do the extraordinary. take your business beyond. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax
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has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. paul: time for our hits and
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misses of the week. kim, start us off. >> paul, a hit to tiger woods for accepting the presidential medal of freedom, despite vicious criticism from the baltimore sun and some sports figures who claim that by accepting it from trump, he was somehow supporting racism and bigotry. no, what he was actually doing was accepting a well-deserved honor and in the process, respecting the office of the presidency. i think for a lot of americans, who just want a little bit more normalcy in politics, it was a moving tribute to a guy who has set a lot of records and done a lot of good things for kids out there in the country. well done to him. paul: thank you. jillian? >> for once hit to student protesters highlands ranch in colorado had a school shooting this week. 18-year-old student kendrick castillo took the bullet saved several of his students and they were holding a vigil to memorialize him, to grieve, mourn and honor the first responders and you had politicians and activists show up and try to make this about gun control. i think very bravely the
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students said don't politicize our grief here. this is a state where some of us do support guns. others don't. this is inappropriate. they walked out. paul: kyle? >> a miss to the service employees international union which is in a heated contract dispute with workers. under the current terms employees there have a lifetime job guarantee once they get five years of tenure. sciu wants to eliminate that for new workers citing its need to remain nimble in competitive environment. workers voted to strike in march. the sciu put forth its last best offer. we may see soon a union picket line. >> bill? >> this week a pakistani christian woman had been convicted of blasphemy for drinking out of the same cup as her fellow farm workers who were muslim. she was sentenced to death by supreme court -- by the courts in pakistan. the supreme court overturned. she's been hiding. this week canada welcomed her home and reunited her with her two daughters.
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paul: thank you. thanks to my panel and all of you for watching. i hope to see you right here next week.we have a full time a will too. maria bartiromo, "wall street" is next. maria: happy weekend everybody welcome to the program. the week that was. i am a real -- maria bartiromo. we have a special guest and then later on we are talking skills training with john sexton to talk about the growing challenge for families. and this week uber had as much anticipated ipo. they began trading on friday. that was on the low end of the

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