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tv   After the Bell  FOX Business  May 17, 2019 4:00pm-5:01pm EDT

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caterpillar, deere today. that is going to be helpful. [closing bell rings] liz: data center reits. that is a fresh idea. linda i would love you to come back to talk specifically about those. we'll put all the picks on liz claman's facebook page. now for "after the bell." lauren: happy friday, major averages closing out the week, dow down 102 points but off session lows. we were down 200 points earlier on in the morning session. i'm susan li in for melissa francis today. ashley: i'm ashley webster in for connell mcshane. this is "after the bell." we'll have more on big market movers. first, here is what is new at this hour? a one-on-one with the attorney general. fox news anchor bill hemmer getting the first interview with william barr since the mueller
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report went public. the ag is saying he is still trying to wrap his head around the origins of the russian investigation. why barr says he has more questions today than when he first started. new details what sparked the latest round of tensions with iran. we're live in the pentagon with the very latest. how it could have all been miscommunication on both sides. we'll get into that. among our guests, steve forbes, forbes media chairman. we have the former aetna ceo, and rebecca heinrichs, a national security analyst at the hudson institute. susan: it will be a busy hour. we have fox business team coverage from washington to wall street. gerri willis on floor of the new york stock exchange. blake burman at the white house. hillary vaughn has the latest on trade talks in d.c. let's start this friday, hillary vaughn in d.c. hillary. reporter: susan, the white house announcing they are taking pressure off of canada and mexico while trade talks cool off with china. the president making a major
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milestone getting the usmca signed by congress, announcing he is removing steel and aluminum tariffs against canada and mexico. moments ago canadian prime minister justin trudeau celebrating the move, saying this was the final barrier that was preventing the new nafta getting across the finish line. >> these tariffs didn't make sense around national security. they were hurting canadian consumers, can made -- canadian workers an american workers and american consumers. we got support from canadians we should stay strong, making sure we're not becoming victims of global pressures on our steel industry. that is something quite hon messily our steelworkers have been asking for too. so we're very well aligned on that. so we'll keep working forward but this is just, this is just pure good news. reporter: as part of the deal 10 and 25% tariffs will go away. canada agreeted to lift
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retaliatory tariffs on the u.s. in response. deadline on all this? 48 hours. the president confirming tariff cease-fire includes mexico. mexico announcing their own terms of the deal. their retaliatory tariffs against the u.s. will also go away. >> pleased to announce that we just reached an agreement with canada and mexico. we'll be selling our product into those countries without the imposition of tariffs or main sore tariffs. reporter: white house is in a tariff cease-fire with the eu and japan over auto tariffs. the president removing those for six months. toyota not pleased with the news, nor are automakers. ashley, susan. ashley: hillary, thank you very much. the dow ending down for the fourth week in a row marking its longest losing streak in three years. let's get down to gerri willis at the new york stock exchange, what turned out to be an up and
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down day. more down than up, gerri. reporter: more down than up. hope springs eternal we would end in the positive, but not, we ended down 90 points to the negative. two issues traders focused on. one trade, one earnings. when you look at dow winners for the week, cisco, travelers, cocoa, they have done well on earnings. cisco had double beat on the bottom line. they say they are not hurt by the trade negotiations. we pulled our manufacturing largely out of china. we raised prices an we're able to escape any hurt. travelers had a strong eps report including lower catastrophic losses than last year. laggards are opposite story. these companies get hurt by the china trade issue. boy have they. apple also down today on nomura price cut. before i go, i want to mention lyft. the shares went public on nasdaq not too long ago. now a lawsuit from investors claiming that the company misled
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them about their ride-sharing position, case sell safety issues and labor matters. the lawsuit filed in san francisco federal court. also naming lyft executives, bake underwriters as defendants, in this court filing. of course this is all about the fact that investors lost money when the price fell on this stock. it has fallen pretty handily. down though as you can see about 3% right now. we'll be watching that closely. this is the ipo mania market right now. back to you. ashley: indeed, gerri willis thank you. susan: lyft still down 23% from its debut. let's bring in the market panel. carol roth, former investment banker, jack hough, "barron's" senior editor. start with you, carol. we had lifting of steel and aluminum tariffs off of canada. some say the final third dell
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getting the usmca through? >> potentially could have. we have a lot of politics, much like with trade, with "brady brunch" it is marcia, marcia, marcia, with trade it is china, china, china. i don't know the difference between the nafta and the usmca is that great to move the market. overhang from china is much more of an overhang for investors. a little bit of a turnaround when we heard about that but not enough to make up the key difference. melissa: jack, is it china, china, china? >> i agree with that. much bigger effect. we'll quantity -- quantify here. jpmorgan says five bucks in earnings with tariffs coming off s&p 500 earnings. we're at about 167. take five away from 167. worst-case scenario if trade talks fall apart, $9 cost on earnings. it is not the end of the world. no one want as trade war but it won't necessarily tank the u.s.
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stock market because alternatives to stocks remain lousy. susan: we have lots more to talk about. carol, jack, stick around. ashley: we'll move on. the trump's administration decision to delay auto tariffs, john bozella. john, the auto makers are somewhat frustrated. it pushes issue from 180 days, six months, not getting any resolution. your thought? >> no question about that, ashley. here is the challenge. uncertainty freezes investment, slows growth in the sector when we want to continue growth in investments. that is the problem. it is having a counter, the effect that is counter what i think the administration would want to have. ashley: issue at hand a 25% tariff on foreign cars. europe, japan, u.s. imports 8 million cars each year. with would be the economic impact of if tariffs went into
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effect? >> it would be huge. you were talking a minute ago about usmca, the new nafta. when you look at the eight million cars coming in, four million of imports are coming from canada and mexico under duty-free trade for quarter after century. when you look at our exports, they are about the same as imports into europe as they are into the united states. so but if you put a tariff of 25% on these things, you will raise prices on cars that could be, go up to about $7,000 a car? we could see sales drop between 2 and 4 million unit on an annual basis in the night. you could see 700,000 americans lose their jobs. this is significant. ashley: john, is the president right? he is using tariffs as his leverage, as his tool for doing these negotiations but is there a level playing field as it stands? >> we think that there ought to be lower barriers to automotive trade all around the world. there is no request about that. we think the opportunity for for
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the american are more exports. we need more and better trade agreements. no question about that. the best way to get them in tariffs will start retaliation which threatens our exports. ashley: thank you. susan: what a week makes. luckin, starbucks rival in china makes its debut. it was high as 47% up on its offer price. jack, does this come down to i guess company specific metrics and fundamentals? if you price it right, underprice it, showing growth gets awe bigger pop on day one? >> there is tremendous opportunity for the company to grow against starbucks. it sells coffee cheaper than starbucks. i asked with people that have experience with the coffee, this company's coffee is not good.
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most people won't care because coffee is new to them. we're talking about two ingredients, war and beans. susan: harsh. luck ken impact on -- >> we're focused on our own model. trade war is something we monitor. >> i think it will drive the success of our model. that will be a tailwind. the way we look at our model we look at the fundamentals of the model. with the positions we have. high quality, high affordability, high convenience that will drive our success. susan: luckin's ceo was on earlier. i asked him, fund managers say the trade war helps domestic players like luckin. you can go anti-american, anti-starbucks, drink luckin in china instead. >> i don't believe that for a minute. if you look at middle class, upper class chinese consumer they still view american goods as luxury of.
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they have affinity to the brand. even though the chinese propaganda want to push that narrative out, i don't believe that is something that will happen. that is very different model than starbucks. they have been discounting heavily. frankly susan the valuation is here is bananas something like 40 times revenue. this is staggering to me as recovering investment banker this made it out to the market, this type of valuation. i don't know, i think everybody in the market for ipos has lost their minds. susan: it is the ipo year. thank you so much. great to see you. have a great weekend carol and jack. ashley: breaking news for you. treasury secretary steve mnuchin defying a house subpoena calling for president trump's tax returns to be delivered to congress. we're live at the white house next on that. coming up we'll talk to steve forbes, forbes media chairman. susan: smoking the 2020 competition. former vice president joe biden leading the crowded democratic field by double digits but can he keep up the momentum on the
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ashley: breaking news, treasury
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secretary steve mnuchin telling congress he will not be providing them president trump's tax returns. let's go to blake burman at the white house for the latest. blake? reporter: ashley there was subpoena for five this afternoon to treasury secretary steve mnuchin and to the irs commissioner charles redtic from the top democrat on house ways and means committee to provide president trump's tax returns. steve mnuchin responded in a letter within the last few minutes here. let me just quote to you part of that letter. he says, quote, in reliance on the advice of the department of justice we have determined that the committee's request lack as legitimate legislative purpose and pursuant to section 6103 the department is therefore not authorized to disclose the requested returns and return information. bottom line, this continues to go on and on and on now with the treasury department saying that they are not going to hand over president trump's tax returns. while democrats have requested and even subpoenaed the treasury department to do so. earlier today congressman neil
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was asked whether or not he would hold the treasury secretary steve mnuchin in contempt for not, for not cooperating essentially with that subpoena. this was his response right here. >> i don't see that right now as an option. i think the better option for us to proceed with the court case. we still have until 5:00, who knows. reporter: we have until 5:00 who knows. 4:17. they know the obvious, which treasury secretary will not be handing over president trump's tax returns. so where do we go from here? the democrats say the statute is clear anyone can read this, neal is entitled to view the tax returns while republicans and president argue there is no legislative purpose to do so. as congressman neal says this is going to the courts, most likely everyone thought for a while, this is exactly how all of this would play out. ashley? ashley: so often does.
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blake burman at white house. susan: let's get reaction, steve forbes, chairman of forbes media joins us on this friday. not a surprise. do democrats try to weaponize something like taxes, you are opening up pandora's box possibly for the next president? >> a path to tyranny. they can go to every individual, we have legislative purpose for looking attacks returns. past president's abused irs going after perceived enemies by using tax returns. if anything we should go in the opposite direction. unless you voluntarily turn them over, you don't have to turn them over. susan: right. >> it will be used against him. you know it will. after all richard nixon was a republican. come on. susan: we know this is going to the high courts as well. >> yes. susan: i think it is very unlikely we'll ever see the president's tax returns. your thoughts? >> well maybe some day in his memoirs, we'll get a version of them. susan: will be a long version i'm sure. but let's talk about also
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capitalism versus socialism. this is the conversation that we have had all week long here on fox business. i want to plug your column because this op-ed piece actually was most-read on for, from yesterday and today as well. and of course you're saying that capitalism wins above all. it brings probably the most prosperity to generations to come? >> 200 years ago when capitalism was get being underway, nine out of 10 people in the world lived in dire poverty, less than dollar a day adjusted for inflation. today one out of 10. when you have problems with capitalism, it is almost always problems with government policy, great depression, great recession, terrible inflation of 1970s. capitalism means innovation. capitalism means people can get ahead. socialism means misery. that is tyranny. they have to put restraints on you, they don't want you doing things you don't have permission for. susan: regulations cost the economy 2 there trillion dollar.
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>> that is form of taxation. susan: that's right. can you trust the government to be cost efficient when it comes to spending? >> the problem with government, ronald reagan was right the closest thing to immortality is government policy, it stays around forever even if waves money. in capitalism society, you go to the sidelines. investors pay the price, not the taxpayer. susan: i like adam smith, supply an demand invisible hand most effective efficient in open economy. finally i have to talk to you about bill de blasio. he is running for president. have you heard that? >> bolshevik bill, yes. he is providing comic relief for "saturday night live" and others. why show up for work? pot is great. new york goes down the drain but you can run for president. and longer he is on the campaign trail better for new york city. susan: i'm glad you brought up
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comedy. late night hosts couldn't resist. take a listen. >> this is basically bill de blasio's campaign. [laughter]. the saddest birthday in town. >> recent poll in new hampshire put him at commanding 0%. you know what they say? he has nowhere to go but home. susan: all right. so what do you think his game is? >> his game is knows he will be term-limited, in office 2021. two years. he is looking for a job. if he makes enough of a splash, democrats will give him something that doesn't require work, maybe being ambassador to the bahamas or something, leave it at that this is an expensive resume' what you're seeing. susan: i think he should do another "snl" episode sometime soon. >> i will keep my day job. susan: great to see you. >> great to see you, susan.
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ashley: great stuff. misreading a potential threat. there is new intel suggesting that rising tensions between the u.s. and iran could be one big misunderstanding. some officials still sounding the alarm on that. we're live at the pentagon with the latest. plus investigating the investigators. attorney general. bill: bar doubling down on certain aspects of the russian probe. exclusive comments from our nation's top law enforcement official on uncovering truth behind the 20 campaign, 2016 campaign. we'll have it coming up. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story.
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susan: vowing to get to the bottom of the russia probe, william barr breaking his silence in his very first interview since becoming attorney general with fox news's bill hemmer. let's go to bill in el salvador for the details. >> hello from el salvador, the capitol city, san salvador where we came with attorney general bill barr. he came here to make an impression on law enforcement
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that the u.s. still has their back in places like san salvador and countries like guatemala and honduras when it comes to fighting street gangs and criminal gangs like ms-13. we came here to talk about that. also to understand where bill barr was in his current investigation. a federal prosecutor is on the case to find out what happened during the campaign of 2016. bill barr characterized that the following way. >> i've been trying to get answers to questions. i found out that a lot of answers have been inadequate. i also found that some of the explanations i've gotten don't hang together. in a sense i have more questions today than i did when i first started. >> some of what things don't hang together? >> some explanation what is occurred. >> bill barr says he has a good relationship with the president. calls it a good, candid relationship. donald trump considered the russia matter a witch-hunt. i asked the ag if he is on board with that claim?
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>> 2 1/2 years of his administration, three years of trump, you know, campaign and first part of his administration. he has been hammered for something, you know, for allegedly conspiring with the russians of the we now know that was simply false. >> are you comfortable using those words? witch-hunt? hoax? >> i use what words i use. it was an investigation that i think, if i had been falsely accused i would be comfortable saying it was a witch-hunt. >> for their part democrat have been hammering bill barr. they believe he lied before congress. they held a contempt vote in committee about a week ago. bob mueller is scheduled to appear at some time on the hill. bill barr told me has no objection to mueller's testimony. bill barr and bob mueller have known each other for 30 years. this week the attorney general says he still considers bob mueller to be a good friend. in san salvador, i'm bill hemmer, fox business.
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back to you. susan: bill, thank you so much. ashley: joining us for more and to react, robert drills co, former department of justice official. we have ag bill barr the people have to know what counterintelligence activities were going on. exactly what was going on behind the scenes during the 2016 campaign. and let's face it, we know a fisa warrant was issued on a does say that was paid for by an opposing campaign. should we not know what was going on? >> no, i think we need to know what was going on and the think the attorney general is taking exactly the right approach, he is not prejudging it but is looking into it because i think it's a matter of public concern and i mean i don't know everything he knows but i agree with him there is a lot, at least what is publicly out there that doesn't really hang together that well. ashley: why is he getting so much pushback from the democrats? >> i mean i think that everything devolves into a pro or against trump as opposed to
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looking really at the rule of law and the institutions of government. doesn't matter who the president is or who the candidate is, if law enforcement is investigating a presidential campaign that's fairly unprecedented and that is something worthy of scrutiny to make sure that power is not used inappropriately for the wrong reasons. it is very dangerous to have law enforcement surveilling people affiliated with a presidential campaign. he wants to get to the bottom of it. there could be a good explanation for it. what he is hearing so far doesn't make him calm so he wants to hear more. i think it is totally appropriate on his part. ashley: the mueller report, the mueller probe was purely looking at russian collusion. did the trump campaign collude in any way with russia to try to win the white house, try to win the presidential race. nothing about what was going on in the background from the department of justice, trying to get you know, wiretaps on people, i think it was, carter page, who the fbi had described they believe the full-blown
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russian agent of. >> right. you know here we are couple years later carter page has not been charged with anything. ashley: right. >> what happens in these situations partisan lines are drawn, people who are against trump don't want this looked into, people for trump want it look understood. in reality it goes beyond that. the attorney general is looking for the right reasons which is, normally you would think if there was concern you would defensively brief the candidate and his people, hey, we're worried about foreign interference. we're worried about this individual. you might want to scrutinize this. in this case it looked like people were targets pretty early on. he wants to understand why. i think we should all find out why. i hope the fatigue over the whole investigation doesn't set in and prevent us from getting to the bottom of it. ashley: exactly if we get to the bottom, it does show this was a coordinated effort to try to discredit the trump campaign keep him out of the white house, what could be repercussions?
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>> it is early to speculate about that but it could be anything from internnal discipline to, all the way up through indictments. you know, i think it is hard to know. i think at a minimum the department of justice would need to, if it turns out there was inappropriate action, would need to come clean and restore its reputation. i think that is probably the first job of the attorney general. that there are specific people who leaked inappropriately which may be the case or used government authority or unlawfully or inappropriately, that hopefully will come public. the attorney general will be there to make decisions. ashley: it will make for interesting reading, robert driscoll. thanks for joining us. >> thanks for having me. ashley: thank you. susan: letting consumers know prices up front. the latest effort by the trump administration to help health care patients. what you need to know. ashley: former vice president joe biden up by double digits in the polls but can he maintain a comfortable lead in the long
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head of the pack with 35%. senator bernie sanders trailing him at 17%. followed up by senator elizabeth warren in the number three with 9%. according to the latest "fox news poll," let's talk through this race for 2020. joining us to discuss, we have republican strategist ford o'connell, democratic strategist kristen hawn. ford, i want to start with you. people found these numbers a little surprising considering how left the democratic party seems to have shifted that biden would be leading. >> look i think this is biden's nomination to lose. i know we're several months from the first vote being cast in iowa and new hampshire. to bring biden down-to-earth the democrats will have to do two things. it is very simple. biden is in this position primarily because he was barack obama's for eight years. they have to figure out how to peel away black an minority voters. 30% plus on the field over the folks. right now the poll's say biden
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best chance to beat donald trump make the case he really not be, once you get in a two-man situation, putting so much pressure on electability has shown not fruitful for the democratic party as evidence by hillary clinton. >> i will go say the midterm elections, not surprising to me biden is so far ahead. if you look at latest and greatest poll which was midterms. people in the party are more centrist than you think. there are a lot of, got aocs and folks like that who are very vocal on the far left. but i think, the democratic party trends more towards the center. i think we, biden has walked that path. and it is really appealing to a lot of people. susan: ford, let me show you head-to-head matchups, fit is biden, if it is bernie sanders or even elizabeth warren versus trump. in fact biden i think is the only one with margin outside of the margin of error. but, do you think this is
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actually true he would win by over 10 points? >> let me say this biden plus 11 should alarm the white house but again this is not national polls or national election. it is fought by the electoral college. no matter who democrats nominate it will be decided between five to seven states with most pronounced being pennsylvania, florida, michigan, and wisconsin. the question is, whether or not trump can beat biden there. what i will say this is good for biden but in these very few battleground states we'll fight it, biden's position on china, tpp, nafta will hurt him with a lot of voters as support for health care for illegal immigrants. if they want to pick biden they will roll the dice and i think we'll beat biden narrowly. susan: i'm glad we held on the graphic. even elizabeth warren would beat president trump by two points within the margin of error but this could be true? >> i believe biden, really early to be looking at numbers like this, but biden i think it is
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true. i think our best hope for beating biden, i'm sorry, beating trump, is definitely vice president biden. i do not buy that anybody on the far left who is tacking all the way to the far left can beat president trump. i do not think we can with a candidate like that. susan: we'll see how it holds up. guys, have a great weekend. >> thank you, susan. ashley: how about this story, working from home but taking home less money. what do you say? new survey from planted, 71% would accept a pay cut in order to work remotely. susan nodding her head. susan: i would. ashley: only accepting 10% reduction or less in the pay. others saying would accept less pay if they are able to receive more vacation days or equity in the company. susan: it comes to a numbers game. how much equity? how many days off vacation compensates. i would agree with 10% reduction of pay. ashley: i would go nuts at home.
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susan: you need zen to relax. ashley: i need something. susan: it is friday, maybe "game of thrones" might do it for you this weekend. ashley: put me to sleep. susan: coming to an end this weekend, that's it, after 10 seasons. hundreds of thousands of angry fans are hoping that is not the case. why they are demanding a remake, a remake. tensions rising between the united states and iran but are the two nations misreading each other? we'll get into that after this short break. ♪ ♪ limu emu & doug mmm, exactly!
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ashley: breaking news. house ways and means committee chairman richard neal just responding to treasury secretary steve mnuchin's defiance of the committee's subpoena to provide president trump's tax returns. congressman neal saying he is consulting with counsel how best to enforce those subpoenas moving forward. susan: the latest tensions between iran and the u.s. could be because of a misunderstanding. "wall street journal" is reporting that iran made military preparations when they believed that the u.s. was planning an attack but some say iran was planning to strike first. fox news's jennifer griffin is the at pentagon? reporter: susan, "wall street journal" is reporting that those military
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preparations iran appeared to be making they might have been because they believed the u.s. was gearing up to strike first especially after the u.s. put iran's islamic revolutionary guard corps on the terrorist list. the trump administration says iran was planning to strike first through proxies. investigators believe that the four oil tankers that were sabotaged off the coast of the united arab emirates were damaged by forces connected to the islamic revolutionary guard corps or irgs. they fired underwater drones to ship hulls with 100 pounds of ebb explosives according to investigators. investigators i speak to they saw multiple threat streams including satellite images of iran loading cruise missiles into hollowed out hulls of ships. they thought they were concerned that they could threaten u.s. bases and ships in the region.
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they have not declassified or released images however. that is when u.s. central command decided to accelerate the positioning of the u.s. abraham lincoln putting it on station two weeks ahead of schedule and deploying b-52s to the region within 50 hours of assessing threat. two u.s. military destroysers, uss mcfall and uss gonzalez transferred into the straight of hormuz without incident. some in the u.s. military that iran got the message of deterrents loud and clear after the uss lincoln moved within striking distance. general joe dunford and patrick shanahan will brief the full senate on tuesday. susan: thank you very much, jennifer. ashley: we have rebecca heinrichs, military analyst and hudson senior fellow. what do you think it could be miscommunication? iran thinking u.s. is striking
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first. the u.s. seeing, they are starting to move, was it a misunderstanding. what is your take? >> no. i think the iranian regime is beginning to panic because the walls are closing in. sanctions are forcing europeans making a decision do we go with the terrorist regime and going with the united states to have access to u.s. market? they will choose the united states. all the iranians have left who they are selling oil to. the chinese do not want the iranians to be threatening oil transits through the strait of hormuz, 1/5 of the seaborne transsits go through the strait of hormuz. that would crushing the to the chinese. iranians are cornered. the united states doesn't want war. it is in no way to u.s. interest to make this go into a military conflict. iranians are trying to exert leverage. using nuclear blackmail, threatening to start up the nuclear program. they're in their last dying breath.
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i this. ashley: abraham lincoln, aircraft carrier in the region. we have big bombers in the middle east. we sent a very strong message s this what is needed dealing with iran? do they respond by backing down, so to speak? >> yes, they do. most regimes do. the united states again has obviously the military upper hand here. and so, what the trump administration is doing, is, sending a clear demonstration that we do not want military conflict if the iranians do something so foolish to use a proxy group like the irgc or some other proxy group that the united states is prepared to retaliate and defend u.s. forces abroad and our allies. this is what deterrence is. you try to demonstrate credibly to our adversary whatever they think is going to be worth an act of aggression will not be worth the cost. that is also what ambassador bolton is really good for there too. he present as really strong presence in the trump administration saying we're willing to go to war but we do not want to go to war.
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that is how you have a credible deterrent. ashley: you mentioned china, which is a major buyer of iranian oil. iran's foreign minister reportedly asking china to help them save the nuclear deal which president trump pulled the united states out of. what, if any role does china play in that? or does china not want to get involved? >> well the chinese have tried to help the iranians as the united states has increased sanctions again, as the united states pulled out of the iran deal but the chinese economy is not going to be able to save the iranians. the iranians need the european economies. when the europeans are backing out, choose the united states market over the iranian market. they're really stuck. but the chinese have also been taking advantage of the iranians to some degree. they know they are there keeping the iranian religion -- regime. they can get a good price on oil. that is really interesting as
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the iranians again to threaten things like the close the strait of hormuz. that will hurt the chinese. that who they need to continue to sell oil to. ashley: fascinate stuff. great insight. rebecca heinrich. >> have a great weekend. >> you too. susan: pushing for more transparency, the latest move from the trump administration to give price information up front. we'll speak to the former eta ceo about that coming up next. ♪ all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. openturning 50 opens theuard. door to a lot of new things... like now your doctor may be talking to you about screening for colon cancer. luckily there's me, cologuard. the noninvasive test you use at home. it all starts when your doctor orders me.
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to get great advice. call today. a place for mom -- you know your family, we know senior living. together we'll make the right choice. you know your family, we know senior living. and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take.
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if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. calling for price transparency. the trump administration is pushing forward a healthcare strategy that requires up front disclosure of how much patients will pay for treatments and the rates that insurers negotiate with providers according to "wall street journal." so what impact could that have on the healthcare industry? who better to join us to talk about that than the former aetna ceo. it is great to see you, mark, especially in retired form.
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every time i see you it is always the high charging executive. mark, do you think these pushes by the trump administration, whether it's wholesale drug pricing or how much insurers pay in terms of the rates they negotiate, does that really change anything for the patients? >> well, i think the more informed consumers can be about what the cost of healthcare is and the value they are getting is always a better thing. so i think as we move through these changes we're going through as an industry, i think this is just one step of many that need to occur in order to make the program work better. >> you have seen it from the insurance side and drugmaker's side as well. when employer healthcare plan deductibles are over 200% since 2008, is this something that the administration can do about it? or is this something that maybe the insurance companies should be handling? >> well, it calls for a fundamental redesign of the system. right now we confuse the investment decision with the financing decision. insurance companies finance a set of investments in people's
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health. that system where we invest in people's health is very scattered, very broken. it is a break-fix operation. you present yourself to a provider when you are sick, versus focusing on an investment in health, where individuals stay healthier and hopefully stay away from the system as much as possible. >> prevention, i hear you, mark. why do americans pay the highest healthcare costs in the world and the highest drug prices? >> well, in large part because the system has grown up that way, and consumers have been shielded from the actual costs of drugs and for health services. and now they are starting to see it. over the last 15 to 20 years, deductibles have increased. out of pocket costs have increased. individuals are now seeing the true costs as they start to have to pay a part of their healthcare bill and they don't like what they see. they don't understand it. and so they look to the insurance companies to solve it, but again, we're just financing the investment. we're not setting the prices in
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the institutions. >> sounds like there's a longer term solution, and maybe endemic in the industry problem that needs to be fixed. but you know, mark, since you are here, i want to talk about your new book if you want to hold it up. >> right here. >> you call yourself a radical capitalist. what do you mean by that? >> well, let me start with the notion of why it isn't working. i think that's the way to think about it. first and foremost, we have two economies in the united states. we have a wage economy and a wealth economy. the wage economy for most individuals has been flat on a real dollar basis since 1972. when you look at the wealth economy, people investing in the stock market, it's been almost a 20 fold increase. and what we fooled the middle class for a long-term thinking the one asset they held their homes was an appreciating asset, indeed it wasn't. and what happened was the housing market collapsed. people lost their wealth. so we now have 60% of the u.s. population within $400 of a financial problem, a big financial problem, and the next
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20% 4 to 5,000 dollars away, which is really one deductible on your healthcare policy. >> yeah. >> our wage economy is failing because people can't and have lost opportunity to engage in the wealth economy, which they thought was their homes initially. >> okay. mark, great to see you and hopefully we will see you again in the future. take care. >> thanks, susan. ashley: how about this, fire breathing fans are furious with hbo. nearly 1 million disgruntled game of thrones enthusiasts are demanding a remake of the eighth and final season of the series. according to a petition. now, this is just days of course before the nation's most popular show comes to an end. you know, i looked this up. i think they spent 15 million dollars per episode. that's 19 million for the season. and fans say let's redo it. >> well, look, what do i tell you every monday? don't spoil it for me.
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ashley: i don't watch it. >> but, you know, some people do want a redo especially they don't have their fan favorite winning. ashley: that's true. hbo is not going to do it folks. sorry to disappoint you. that does it for us. thanks for joining us. bulls & bears starts now. >> as our economy booms like never before, we're lifting millions of our citizens from welfare to work, dependents to independents, and poverty to prosperity. >> president trump touting the booming economy to the national association of realtors as new data shows our economic expansion could become the longest ever in u.s. history. the latest fox news poll showing 44% believe it's president trump and the republican who deserve the credit for this robust economy. ladies and gentlemen, this is bulls & bears. i'm in for david asman. joining


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