Individuals with Household Incomes below 100,000. Lets get right to Hilary Vaughn on capitol hill with more on this plan. Hillary . Senator Elizabeth Warren under the plan is prepared to cancel 2. 1 trillion of Student Loan Debt. Her plan promises up to 50,000 in loan forgiveness to 42 million americans. That adds up to 2. 1 trillion. Of course, everyone owes a full 50,000. Here is how she will pay for it. We took senator warrens calculator for a spin and turns i can make 90,000 a year, if you owe 75,000 Student Loans, you get 50,000. It turns out it is 100 percent paid for by elizabeths ultra millionaire tax. That tax does not exist because warren is not president. Shes campaigned on a recent Student Loan Debt is not ready for the white house bid to plan appear to us congress to act now. Warren tweeted this quote will free up an entire generation so they can buy homes, launch businesses and start their families. And the bill will provide an enormous middleclass stimulus and reduce the racial wealth gap. By canceling Student Loan Debt doesnt mean it just disappears. It is either going to get paid off by the government through taxpayer funds or the banks will be on the hook. Critics of the plan, from American Enterprise institute blasted you saying quote the proposal to forgive most outstanding debt is americans that hold the loans many of whom attended graduate and professional school were all facing some sort of economic crisis. Senator warrens plan needlessly waste scarce resources on borrowers who have the means to repay their debts. Right now there are 43 Million Students who took out federal loans. The total debt still out on that 1. 4 trillion. Under the plan the government would be picking up the tab. David thank you. If as warren claims a two percent wealth tax on the ultrarich will bring in enough revenue to pay off student debt, to put 100 billion in the open crisis and you still have half 1 trillion left over. So good, why hasnt anyone in america done this before . Thats a good question, david and it brings us to the point that Elizabeth Warren is very noble and the principles that she tried to present here. What shes trying to solve . We can agree theres all big problems within the country. The reason it has not been done before is you cannot, even on the wealthiest, continue to tax, tax, tax away. It will cause a mass exodus where people want to get out of this country. It will be no incentive to live here anymore. David its happened before. Exactly that is one of the issues. One of the problems in education is cost. But education in itself is an investment. And the folks that would be getting the student loan forgiveness, they are supposed to be paying the loans over time. Exactly. It is an investment. When i worked for some populations that of course i havent had the opportunity to build a school, you mentioned the race issue. I do not believe in that we had a former slave population in america that still is an educated, they are still the bottom of the bucket. And the Public Schools are terrible. So what we focus on that population instead of saying lets blanket out anyone under 100,000 Household Income gets waived off all of their Student Loan Debt. Its insane miss warren, wake up, wake up, wake up. Jack. Welcome to the program. Two things here. One, this is good politics. A lot of things the president does, its getting is talking about what should we be doing about the cost of higher education. We also know intuitively that the cost has gone out of control. We sort of stuck with these young people into having huge deficit they cannot manage. Maybe this isnt the best proposal but maybe it gets is moving in the direction of what is the right proposal. Well, you know what, adam . I agree with you and smart politics but i also agree with jack. Here is to put a fine point on it, we have, i will give my daughter is an example. She graduates a master in cybersecurity from john hopkins. Took out a big long to do it. As a result a very nice premium in her compensation when she took a job. Who does it benefit . Her. Really her only. It does not benefit society. If we forgive the loan who is asked to pay the loan, diana my daughter benefits but all of us on this panel all of the taxpayers out there including as jack went on, people that dont have the opportunity to go to college and up footing the bill. Its wrong. I agree with adam is good politics. All the people under, that have Student Loans but its the wrong thing for the country. Quickly if she runs a Good Campaign next week shall come with a proposal that will every reason to believe she will. This is just one proposal. May be but shes hanging her proposal on this wealth tax. Lets be clear about what a wealth tax is. It is a tax, and confiscation of money you already pay taxes on. What they do is take away two percent of everything, all the property that have over 50 million. Its a confiscation of property. That is why its been tried in 15 european countries. 11 of the 15 have gotten rid of it. Because get what . Rich people can move, they move away in the countries end up with less revenue than they started with. So the tax, the wealth tax in which this whole engine is a phony text. It doesnt work. Us took care of the broader first. I hear what youre saying. Lets take care of the people that really need it. The sickest, the poorest and most uneducated, go back and fact check. That is the former slave population in the United States america and his parents and grandparents probably do not even get to go to school. Im 40 years old. Both my parents went to segregated schools. Had to watch my father learn how to read. As a kid, struggling to learn how to read. That is the population. Talk about education in america. Focus on that. Dont blanket some policy that will make the country go broke. Its ridiculous. And a lot of the failures are not in the college it is the Public School system. It fails to educate and prepare these people for the real world and college. Probably the school system. These are the same liberal philosophies that will stand up against people getting the opportunity to go to school that are actually working in america, Charter Schools work when theyre done right. But the same folks would be against that too. I think it also said he was sort of the cost of living in the country. It continues to rise and put more and more pressure on people. Thats why youre seeing the cost of education go up as well. Im talking about private College Education which is presumably what miss warren is targeting. And that is really the problem that needs to be addressed. Adam, i think you said that. We need to try to sort of solve the problems in a different way. But its not about people who are using the services not paying their fair share. For what they are taking. David i just think it was really interesting what you said about a wealth tax and european countries. Having failed to do it. My hunch is that it might be an experiment to do in the United States which is less likely to see people say well i do not want to live in italy anymore i will go to france. Its not that easy to leave the United States. We want to try to use a tax system that has failed in 11 15 countries . That have tried this . Why would we take a failing tax system for our country . I dont understand. Where the greatest country on earth. We can do things others cant. Why would we do that . We dont know if it doesnt work until we try it. I would just say i will not use the europeans as an example that it doesnt work. Rich people go ahead gary. I want to get back to one point that jackie made about the cost of education. The cost of education is really not due to the harvard and princeton and all of those of the world. They will just go where the money is. The problem is when the government got into the student loan business, and made going to college very cheap, if you will, through these loans. They put a lot of money, if you will, that otherwise would not be there in the hands of people, many of whom should probably not have gone to college and then all the universities said you have this morning, we will jack everything up. Look at the inflation figures. For university education, it is skyrocketed. Its unbelievable. Because the money is there to be spent. Released again, at least as adam said we are talking about it and its a good thing. Meanwhile officials now say they have video proof that iran is responsible for the oil tanker tax near the strait of hormuz. But one democrat congressman is putting blame on someone else. Wait until you hear this. Sounding off next. Limu emu doug what do all these people have in common, limu . [ paper rustling ] exactly, nothing. Theyre completely different people, thats why they need customized Car Insurance from liberty mutual. Theyll only pay for what they need [ gargling ] [ coins hitting the desk ] yes, and they could save a ton. Youve done it again, limu. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. Were on the move. Hey rick, all good . Oh yeah, were good. Were good. Terminix. Defenders of home. The latest innovation from xfinity isnt just a store. Its a save more with a new kind of Wireless Network store. Its a look what your wifi can do now store. A get your questions answered by awesome experts store. Its a now theres one store that connects your life like never before store. The xfinity store is here. And its simple, easy, awesome. Iran did do it and you know they did it because he saw the boat. I guess one of the minds didnt explode and its probably got essentially iran written all over it. They did not want the evidence left behind. I guess they dont know that we have things we can detect in the dark that worked very well. David President Trump now joining his officials and putting the blame on iran for the attacks on oil tankers near the strait of hormuz. But now, one congressman is putting the blame on the administration. Listen. And attack it does look like iran is deterred looks like iran has been provoked by this maximum pressure policy and doing increasingly dangerous things. Journey is not, you are the congressman, are these attacks really donald trump for . When youre giving at the iranian presss propaganda your talking points, you have to check yourself and see what youre thinking because im sorry when it was, when iran was spreading genocide in syria or terrorism through the middle east, that was an obama s point when the kid is having a temper tantrum, then it must be the adults fault . It means that it is working pretty means they are really squeezed and they will continue to try to act out but this is all about their attacking civilian tankers which are the sweet spot and we need to look to solutions which may be be escorts to the strait of hormuz and others to try to prevent them from affecting our economy and retaliating which is really what they are trying to do. David . Zuhdi, welcome to the show. Weve had maximum pressure in the words of the congressman for a while now. What were they choose to act now and what do you think their next steps are going to be . Thats a good question, gary. It is great to be with you. Basically, when youre belligerent actor in the region used to doing whatever you want, and youre finally getting contained in your economy is tanking, the revolution internally is growing, there tried to distract from the revolution, trying to get the oil prices the first is to jack up oil prices and make the region pay for them not having oil. The responses if we dont get oil, nobody else gets oil that is number one. Number two, they tried to see a President Trump really is a noninterventional president. Maybe he will push back and relax it. I think they will be proven wrong. Not only because President Trump is not going to be blackmailed but neither secretary pompeo or advisor bolton. I think that is third. Hi zuhdi, good to see you again. Adam lashinksy. I will not comment on what Congress Said and i am on the americans are not iran. My question for you is, do you think tensions between the United States and iran are higher now . Or when the United States along with other major powers in the world signed a treaty with iran several years ago . Well, how do you venture tensions, adam . How do you measure them, zuhdi . I measure them in ships and the strait of hormuz for example. How about those in syria, the belligerence against our allies saudi arabia and others so the bottom line. Im asking a question or tensions between the isis and iran higher now or higher when we signed the treaty with them with the other world powers . The United States is leader of the free world so the tensions between the free world and global you not answer my question. If you going to you is a very narrow lens you want me to say is in a disagree. The tensions of the free world and the islamic belligerent is much more before then it is not because they are screaming. They very afraid that they will not be able to enact the regional controls that theyve had in the past. Zuhdi, this is jack brewer and i agree with you hundred percent. This time is different. My inlaws are from iran. They just got back, virtually whats going on in the ground in iran. Lets talk about the people. We can talk about the political issues back and forth and give our perspectives but what are the people of iran filling right now . I can say with her feeling. They are suffocating they cannot use credit cards, they dont have banking options. And people dont have food as if they would have had two or three or four years ago. These are real issues that the folks and the people of iran are facing right now. And so yes, maximum pressure is working. I hate to see people suffer. That is the worst thing that can happen. It is not right. But at the same time that regime has got to correct themselves. I had to tell you that what is suffering the most now is the regime to think that somehow 150 billion went to help the people that president obama handed them a few years ago. Did not go to the people he went to bolster the regime. Opening up the economy was not in opening up to the people. The revolution now is saying thank you President Trump because finally, the people suffocating us are paying. That is who pays under sanctions. Not the people that that is a talking point from the dictators of the world. That believe that hurts the people they let that trickle down pretty never trickle down through hussein or cube or elsewhere per sanctions actually helped contain regimes. Is interesting because we look at the recent events and actions taken on the tankers, i would say tensions may be a little bit higher now. But what was the alternative . President obama signed a bad deal with iran whereby it was basically breaking all of the rules and Going Forward with nuclear program. Just to keep them quiet or to keep things moving along, is that something that we want to ignore . The president has tried to take a harder line in the situation because hes trying to take action to stop what was going on in that country. And you know, i think that is more important than them necessarily acting out. We have seen this in his negotiations with so many other regimes as well. He brings things to ahead so that progress can be made. Ask your exactly right because to look at the baby having a tantrum in the living room and ignore the Bigger Picture, was happening in the neighborhood, really is a perspective of the asynchronous warfare terrorists want you to do which is why they have this strategy, while they are acting out directly against ships that are bringing in things to help western economy. Because they wanted to Pay Attention to the finger and not the Bigger Picture which is their acts of terror through syria, against saudi arabia, through the region with russia etc. Yet look at the Bigger Picture. Right now american interests are stronger than theyve ever been in the middle east for the last decade. Yes, we had more direct conflict in the waters. But our interests are better served than they were at any time under the Obama Administration. And the people of iran. Zuhdi, final question written 87 were having trouble, the same kind of thing. Arenas are trying to block the straight because of the war with iraq at the time. But we actually had military escorts for all the tankers that lead to confrontation in september 1987. In which we sank in iranian boat, four arenas were killed as a result but they stopped blocking the harbor. Will it come to that where we had military escorts for the tankers and we may have some kind of conflict with iran . I think that is the best solution to protect our tankers so that the strait of hormuz are not blocked and prices dont continue to go up. There were Navy Soldiers come for 24 hours the secretary of state carrie had to go back for them to come back. We will continue to have these little iran does not want an hour in conflict your President Trump does not want to go there either. I think we need to escort the ship spirit will we have a direct conflict we will have to do with it but it does not mean that it is the edge of war. What a full discussion. Zuhdi jasser, please come back and see us again. That is terrific. Thank you. Any time. The present making a major announcement that could give you and your employer better healthcare options. Details coming next. This announcement is a monumental victory for businesses, workers and previously uninsured americans who will now have access to highquality health plans of their choice. Ight seem the same, 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 thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. Play it cool and escape heartburn fast with new tums chewy bites cooling sensation. 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Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. 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 cant do anything about that. Now that you know the truth. Are you in good hands . We have to reject the socialist model that restricts access, slashes quality enforces patients and say we believe in freedom, choice, the highest standard of care in the world. David the present looking to change the way Small Businesses provide healthcare to employees. Announcing a new plan that will allow employers to give pretax dollars to the employees that can use the money to buy insurance. The plan is expected to help 800,000 businesses by 2029. Question. Will this move the momentum away from National Healthcare more towards individual control and personal choice . What do you think . I think so. I mentioned this earlier. But ive played in the National Football league. They are huge healthcare debate around there. I tell you what. When we started to start the Health Savings plan where each athlete every year that they played would get 25,000 tucked away. You can use it forever. And it just stays there and it gives you that choice. It gives you an opportunity if you want to use anything for your healthcare major issues or whatever, even if you have supplemental cal. You can still use the dollars. And increase your quality of healthcare. I think is great for the country could only wonder why it took so long. We did not really have businessmen in the white house. We did not have innovators in d. C. And now we have one. And i applaud President Trump. I think with the presence trying to do is address the problem of healthcare. Nobody saying theres not a problem that needs to be addressed here. Hes trying to incentivize people into trying to give them more options and he saying look, he can work, take pretax dollars, you can have choices for your health coverage. There will be a drop that some systemic exhibit a 50 billion drop in federal tax revenues as a result. Over a 10 year period. Yes and they will be a cost will certainly be a lesser cost than saying lesters giveaway healthcare. Lets just implement a universal system. Okay, you know how when i lived with the clip david when President Trump is really into something, it does a lot of energy into it. When hes not into it that much he just kind of reads it. I thought that was what he was doing. It was not the energy we are used to seeing. Its particularly not a big deal it is unobjectionable. But he is getting past the fact that he tried to undo something that president obama did that was a really good deal. It affected tens of millions of people and instead President Trump tried his best to god that had some limited success and this she is a medical term is a bandaid in comparison. Creswell adam, it was a really big deal under obama, unfortunately it was really bad big deal if you will. The reason that trump is not that excited and i agree with you on this. Its kind of put in, i hate to say it, a step in the right direction is jack but a little bit of lipstick on the pig. The only thing that will cure healthcare, and they said this ad nauseam, the free market. The only area where healthcare costs have decreased per inflation is in plastic surgery. Which my gosh it is the only free market out there in healthcare. We have got to break the monopolies of the Insurance Companies in the medical industry. I dont know if it can be done. This all seems to be just kind of around the edges. Maybe it will accomplish something for the jack brewers of the world but the individuals out there that have to go to the one Blue Cross Blue Shield in florida or whatever state they are, and have to pay twice as much as they were paying even a few years ago, it is still not you are a Small Business owner as well so it will affect that part of your life too. This is a step in the right direction because you can spend the money how you want to spend the money once you get it into an account. It is supporting the free market and that is the reason i like it. Theres a lot of steps have to be taken. This is just the beginning. But much better than getting in front of the nation making these huge obamacare promises and everything that you said doesnt come to existence. This is real. This will be tangible. And another point, you cant discount the fact, look at whats happening with Prescription Drug markets. Finally somebody is attacking this and finally generic drugs are being able to put into the marketplace. We are taking steps. Nothing will happen overnight. Will talk more about this later but we have to move on. Tensions are high in the trade war. President trump saying he believes china has to make a deal but will president xi even bother to show up to meeting with the president in two weeks . Gordon chang will share what hes been hearing behind the scenes. Thats coming next. Going back to the doctor just for a shot. With neulasta onpro. Patients get their day back. To be with. Family. Or just to sleep in. Strong chemo can put you at risk of serious infection. In a key study. Neulasta reduced the risk of infection from 17 . To 1 . A 94 decrease. Neulasta onpro is designed to deliver. Neulasta the day after chemo. And is used by most patients today. Neulasta is for certain Cancer Patients receiving strong chemotherapy. 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By the way they subsidize their industry. Our people are not paying, theres a big thing about tariffs, our people pay. Its nonsense. Do you know what happens really . David lesbian gordon chang. The president laying the groundwork for no meeting out the g 20. Do you think xi will be a no show or will he show up . I think he will show up. Because they really need a trade deal. The main numbers for the chinese economy really look awful. Especially the decline in imports of 8. 5 percent year on year. Showing very weak demand. But there are number of reasons why he might not. First of all, trump gave him an ultimatum paid him as if he shows up he will also xi jinping has a problem called hong kong. Its occurring at the same time. He is responsible for hong kong or his hardline policies are. He very well may want to stay in beijing to monitor that and not worry about dealing with President Trump. Hi gordon, Adam Lashinksy with Fortune Magazine in california. Would you adjust the conventional wisdom that the nicest had the stronger hand economically but that the communist case is also very shortterm oriented. There is no government regime, more longterm oriented than china and that china can afford the near term pain for the longterm gain. People say trump has two face reelection but you know, xi jinping faces an election every day. He is institutionalized the communist party which means that it could be a change up at any moment. He is responsible for quote unquote using america but also the trade frictions process of his adversaries put it. So xi jinping right now is in a very difficult position. Trump faces one reelection. Xi jinping, it is all the time. Gordon, gary smith, welcome back to the show. I have a theory on china. Everyone is propping up china to be this you know, jedi knight of a country with the economic planning. I think you and i have discussed this but im wondering your thoughts. My theory is twofold. One, the big gains of china are gone. Maybe more importantly, there has never been a great economy that has been centrally planned. It did not work for russia. It did not work countries like venezuela. It will not work for china despite this left that they can look out 25 years in the future. But im interested in your thoughts. Gary, youre absolutely right. Theres one other reason for this. Chinas period of growth coincide with demographic dividend. The extraordinary bulge in the workforce for the root workforce peaked in 2011 and now is declining. The population as a whole will start declining. There is a whole bunch of reasons why chinas growth is just not going to continue. And as you say look, this is essentially planned economy. They can sort of make shortterm changes but we have seen some really disturbing signs of china for the last seven or eight months. I think theyre in trouble. Also puts pressure on china, leaders of the hong kong protest planning another massive rally for sunday. This coming after protests turn violent earlier in the week. Gordon, wondering where exactly is is headed and does it put more pressure on president xi to work something out with the United States . Certainly puts more pressure on him to do that because he has the hong kong portfolio, these are his policies at work creating a disaster. You not only have the big demonstration on sunday, you also have a general strike called for monday. And by the way, the hong kong chief executive, she is losing the probation establishment support in hong kong right now. Which means that this is not looking very good for her. Gordon, this is jack brewer. What is it like in china right now . What are the people saying . Earlier we discussed iran and getting a feel for the folks on the ground. But in china, what are they saying in Mainland China . They concerned, do they want a deal . What is it feeling on the ground . Among senior officials is just a parent what xi jinping has been saying. But if you go underneath, there is great concern about the way the country is going. I think very few people agree with what occurred. Everyone must have good trade relations. People are concerned about the chinese economy. But even more fundamental, they are concerned about what xi jinping has done to the political system by aggregating all of this control. And so, you see a lot of capitol flight now starting to occur in people after saying look, im going to leave china for good. Its a really bad sign because when people go with their feet you know whether country is going. Final question for hong kong. For those of dont know its a beautiful place pretty well the chinese have been in control in a minor way since the british left, they left it alone because china needs a financial clearinghouse for all the deals theyve made so that the hong kong is, china now takes it over, is this going to become another line cheating branch of the communist party. What happens to china and its ability to make deals if that happens . I think it really declines. You the speaker of the house and senator rubio talking about withdrawing the exemptions and privileges that hong kong enjoys under u. S. Law. Export restrictions, visas, all the rest of it. All the special privileges can go. And i think youll see a number businesses leave hong kong. The financial history will go to new york and Regional Headquarters will go to singapore, tokyo and taipei. This will be excess that will be historic. We have to leave it at that, good to see you. Thank you for being here. Amazon take his for multiple 2020 democrat candidates for a variety of practices. Find out what the retail giant is getting heat for next. I had no idea why my mouth was constantly dry. It gave me bad breath. It was so embarrassing. Now i take new biotene dry mouth lozenges whenever im on the go, which is all the time. New biotene dry mouth lozenges. Freshen breath anytime, anywhere. New biotene dry mouth lozenges. Thanksno problem. Youre welcome. This is the durabed of the all new chevy silverado. It looks real sturdy. The bed is huge. It has available led cargo area lighting. Lights up the entire bed. It even offers a built in 120 volt outlet. Wow. Plug that in for me. Whoa holy smokes oh wow and the all new silverado has more trim levels than any other pickup. Whoa oh wow very cool. Theres something for all of us. Absolutely. Its time to upgrade. laughter david former Vice President joe biden making waves with his criticism of amazon for reportedly paying zero in federal income taxes tweeting this morning i have nothing against amazon but no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters and teachers. We need to reword work, not just wealth and now amazon is responding to that. Quote we pay 2. 6 billion in corporate taxes since 2016 we pay every penny we owe. Congress designed tax laws to encourage companies to reinvest in the american economy. We have 200 billion investments since 2011. 300,000 in u. S. Jobs, assume vp bidens complaint is with the tax code, not amazon. Here is a catch to the statement. The tax credits amazon uses were actually supported by the Obama Administration so joe biden guilty of hypocrisy for jumping on the antiamazon bandwagon . I think some ways he is. He was Vice President with some of the policies were implemented and that statement from amazon is pretty strong. Its not exactly like theyre breaking the la david. We are seeing something bigger here on the side of the democrats for anyone who has to get the nomination. And be able to move to the final round versus donald trump. They will have to go more left to appeal to you know, to appeal to the voting base. Weve seen him flipflop on a number of things just the other day he said china was not a threat and that he says it is a therapy he is backtracking on abortion. And now he is looking at the tax code. Tax credits that he supported and saying theres a problem. You are spot on, jackie. This is the end of the Democratic Party as we know it. Joe biden has gone extreme left. Its really, its almost laughable to see how they go back and forth and trying to go off of the fake polls and judgment of people already have 20 democrats running. Half of them are just there to raise money through these funds and once they lose and jump off the race to get the money back to the people which is ridiculous. But i can go on and on about this. Who is next . [laughter] lets not get carried away here about this. What i found, no democrat will get punished for going against amazon in the next 12 months so again, as a political statement is fine. What i found pretty amusing about amazon response, we are just doing what is within the law. Reminds me of another guy who took advantage of the tax law by declaring bankruptcy and all of his losses on real estate and said, i was just doing what is within the law here. The difference is, and was on point that we create hundreds of thousands of dollars, hundreds of thousands of jobs that other guy was just helping himself and his family. [laughter] by the way jealous of your trump imitation. I am not trying to beat amazon you know everyone thinks now, these amazons like their daddy were box or a monopoly board. Going off to their yacht. Companies like amazon and netflix and walmart are some of the greatest Wealth Creators that weve ever had how Many Small Companies does amazon allow to be on their platform and sell their goods through . This is a company that pays hundreds of millions of dollars not only in the federal taxes, but in state and local taxes. Hundreds of billions of dollars for medicare, social security, they enhance everyones due to how convenient it is to be able to not leave the house and get something the next day . I would be fine if amazon just created jobs and paid zero in federal income taxes. Joe biden is not the only 2020 candidate taking aim at amazon. Bernie sanders along with alexandria ocasiocortez are now criticizing company for the credit card that comes with a 28 percent interest rate. Amazon of course claiming the card is meant to help those i have no credit score or bad score but they say it is just the latest example of a Company Corporate greed. Does sanders have a point here . 20 percent too high of an interest to pay for this company . No either people with bad credit or no it, it means they will probably not pay it back come on. Where are we going . [multiple speakers] let me finish please. I have not always had good credit. I have had bad credit. Probably now but i do not expect him to give me a credit card and not charge me interest. I do not have to pay the interest of her pay the money back. I was just going to say 20 percent is extremely high unless youre alternative is a payday loan or a loan shark. That is the population we are talking about though that is exactly the population. There is incentive there to teaches people how to borrow more responsibly. You can put money down, use a credit card is a debit card and sort of work your way back to getting back into the credit game if you have read your credit or had trouble with in the past. Theres actually an educational element to it here. Although, i would argue that youre probably better off never taking money from a credit card. You have to always try to work things out. Maybe downsize your house or sell off some of your valuable goods. Sell off your the last thing you want to do is oral but there is a cost for bad credit. There is a cost, this is a system of cost. You have supply and you have demand. When there is a lot of demand for something, the price of it goes up. Thats what happens with bad credit. Right gary . Exactly. We should be thankful that amazon is willing to take the risk to dothis this is what the fleamarket is the free market is all about. You do not want, nobody wants to pay 28 percent. If you dont do that, change your life. But if youre willing to do that if you need emergency money, Something Like that, thankfully, amazon is offering. And by the way that 28 percent, is not too much lower than all of us here are paying on our amex and mastercard. I do not borrow. A new report showing average americans and not french billionaires, are actually the ones footing the bill for notre dame s reconstruction. We will break down that story coming next. 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 thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. Experience the style, craftsmanship and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 month for 36 months. Experience amazing at your lexus dealer. And i recently had hi, ia heart attack. It changed my life. But im a survivor. After my heart attack, my doctor prescribed brilinta. Its for people who have been hospitalized for a heart attack. Brilinta is taken with a lowdose 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. Dont 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. Dont 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. If you recently had a heart attack, ask your doctor if brilinta is right for you. My heart is worth brilinta. If you cant afford your medication, astrazeneca may be able to help. He comes from the Southern Coast of ireland. I think its why weve been doing this. Forever. My dad has roots in the mountains of northern mexico. Home to the strongest runners in the universe. My dads ancestors were african bantu. I bet they told the most amazing stories. With new features and richer stories. Ancestrydna can show dad where hes from and strengthen the bonds you share. Its only 59. Give it to dad for fathers day. David dont forget french billionaires when it comes to footing the bill for the replacement of the notre dame cathedral. An estimation of 90 of the donations have come from american citizens. The rich french families have yet to pay one cent. Does this prove americans are just more generous . David, it does. But this is nothing new. Throughout the history of the United States, the country that gives the most of, the measures percentage of your gdp we give to charity. We are the most of generous country and always will be the most generous country. All i want to add to that, i just think we should say isnt it wonderful that our compatriots are donating our money in such a great way for such a worthy cause. For once leave it at that and be happy about it. I agree, there is a caveat. Im going to try to help kids in africa and hate he. People starving wake up every day with no food and no clean water to drink. For 1 a day we can feed kids to who have no clean water and food. God has blessed this country abundantly. In god we all trust in giving us that power and strength to empower other nations. We have to continue to do that. We have to start with the poorest of the poor. David shame has a place in this world and you should be shaming some of the people who said they are going to do something and dont do it. How else are they going to get them to do it. its important to do the tactic. I just think on a friday afternoon maybe we just say how proud we are and move on. The other thing i should say is other countries are getting in the swing of things. Latin mayor today used to be terrible in terms of charities. But those french should be shamed. Thats my own opinion. Ladies and gentlemen, have a great weekend. That does it for bulls and bears. Well see you next time. Blake foreign interference and the campaign. After receiving criticism within his own party, President Trump now clearing up his stance on whether he would take help from another government. We are live from the north lawn of the white house with the chief of staff to the president. The acting defense secretary talking about contingency plans. His concerns about the worldwide flow oil and what iran might be able to do that. Then, should student debt be wiped away . Elizabeth warren says yes. But there is a price tag, who