Numbers you need to know ahead of tomorrows open. Coming up. Today, we tell the pharmaceutical industry their greed is going to end, that under medicare for all, there will be a cap on what people will have to pay for medicine and that we are going to significantly and underline the word significantly, lower Prescription Drug costs in america. We are tired of getting ripped off. Susan happening right now, its a democratic duel. Just days after 2020 frontrunner joe biden debuted his ambitious 750 billion health care plan, which opposes medicare for all, Bernie Sanders firing back with the defense of his signature proposal in a major address that just wrapped up moments ago. Wait until you hear how much his plan will cost you. This is bulls bears. Joining me today, liz peek, kristina partsinevelos, jack brewer and carol ross in new york city. Lets get straight to Hillary Vaughn at the sanders event at George Washington university. Hillary . Reporter susan, Bernie Sanders is campaigning on no premiums, no deductibles and no copays. Thats key to convincing the American Public they should go for medicare for all. And some others. Seem to think the American People hate paying taxes but they just love paying Insurance Premiums. Oh, my god, dear, the Insurance Premium is here, what a wonderful day oh, wow reporter senator Bernie Sanders made the pledge today not to take any donations from Drug Companies or the health care industry, and hes putting other 2020 candidates in the hot seat to also not take any Campaign Cash from these companies. Sanders and biden have been dueling over health care plans. Biden wants to build on obamacare and of course, Bernie Sanders wants to ditch it in favor of medicare for all, but biden in iowa today on the trail took his shot at sanders plan. Make health care a right, not a privilege. Give everyone the peace of mind they deserve. Everyone. For me, that means building on obamacare with a public option. Now there are a lot of people running in the party who want to get rid of obamacare, start over with something new. Folks, im not for that. Reporter Campaign Finance records show that biden has accepted thousands of dollars from executives at Health Care Companies including merck and blue cross, but also senator Kamala Harris and mayor Pete Buttigieg have as well. Well see if they accept bernies pledge to not accept this money and give it back. Susan hillary, thank you. Now, jack, will sanders plan appeal to voters, you think . Not at all. I think this is the one policy thats going to end up costing him the election if he does win the democratic nomination. You cannot come in and take away peoples right to choose their doctors. You cannot, you know, focus on the fact that we have so Many Americans that love their doctor. I like my doctors. I dont want anyone telling me that i cant use them. So i think their intentions are right and i hear them, i wish everyone had health care and i think we can figure out ways to do that, systematically without having to necessarily force them. You hear joe biden, he says we have a right. We have a right to choose who we want to work on our bodies. Do you think we have a right, though, when we come to america in general drug costs are so expensive . Im not saying i side with sanders at all but i do think this is important for them to distinguish themselves and biden, if anything, if we are going to say a positive for him is hes still allowing those private insurance plans to go forward. I think that will be a Winning Strategy for him, especially when he needs to differentiate himself. I still, if you bring up the right, we can argue just in general about medicare for all. They often say people deserve to have the right to be healthy in america, and that would almost be an argument for that side of the party. I dont know, i think that anybody who doesnt understand economics will like this plan. I think that anybody who doesnt pay taxes will like this plan. I think that anybody who doesnt understand the rationing of resources that you brought up will like this plan because remember last time around, we were told that we have got to keep our doctors. People are lied to by politicians. If you dont understand fundamentally the shift thats going to happen here, this is going to sound great, its going to sound free, free is really, really expensive at the end of the day. Its going to sound great, its going to sound great except to the Union Workers who the Democratic Party are very eager to bring back on board in 2020. One of the things that has happened for unions over the last decade or so is that they have won enormously generous benefits packages, including health care. Those people are among the three quarters of americans, according to gallup, who are completely satisfied with their health care. So i think telling all those people that youre going to toss it and youre going to toss obamacare, obviously joe biden wants to remember the glory days of his time in the white house via obamacare nostalgia, but the truth is, people arent going to go for this. I think everyones right. This is not going to work on the stump. Susan what about the economics of it . I was looking at those price tags carol brought up. 10 trillion over 10 years. 40 trillion, pardon me, over 10 years. Our annual budget including medicare, social security, is already at 4 trillion a year. You want to double that and you dont think the middle class is going to pay much higher taxes or you have to introduce by the way, a vat which is what nordic countries do in order to pay for these single payer systems. Well, susan, by the way, Bernie Sanders already said publicly that the middle class was going to have to pay higher taxes. Tha that was on bret baiers show. Think about the middle class voters again who are happy with their health care and a lot of them are Union Members in all those swing states. I think this is a no go. I think biden actually has the high ground here, and the better plan. Ironically, though, he completely blew it by presenting it and talking about how if you like your health care, you can keep it, because that was the signature lie of the obama years. How joe biden didnt realize that replicating that was going to be a terrible political gaffe, who knows. But anyway, i think hes undermined his own case. I think joe biden is smart. The more he says the obama name, whether its in obamacare, obama anything else, gets him further and further away from racism, and the fact that people are calling him racist because he voted the 1994 crime bill and has done so many other things. I think thats where hes playing here. But when you talk about health care, its about quality of care. I dont want you to take away my quality of care. I think no matter what joe biden or Bernie Sanders say, the quality of care in america will go down if you go to a single payer system. Lets talk about estimates for a second. We are talking about 40 trillion on an estimate. When has an estimate ever been in the neighborhood of what its going to cost . If theyre saying 40 trillion, imagine what that ultimately would end up being, then like jack said, the fact that youre not going to get the quality that youre not going to be able to make the choices that youre going to have the government who is bad at doing everything that they do, decide that this is something that is going to be a political football. Why dont you go with biden . The fact hes trying to give a little bit of both worlds. I know its a little cheaper. Hes saying 750 billion versus the trillion. I know, but im just because you go to the free market. You go to the free market and you stop getting government in the middle of this. This is whats isnt that too conflicted, though . Thats an issue in america forever. Look at the high drug costs. We dont have the free market. We have government cronyism and intervention. The whole reason why we are even talking about this is because we dont have transparency and we have the government creating laws so that we dont have choices and we dont have competition. I agree with you. Competition has never made anything more spepsiexpensive,. We talk about generics. Generics cant even come into this country. Why are we continuously paying so much for drugs . I completely agree. Get rid of that structure, dont give the government more power. If you were a politician right now, what would you propose . I know what i would propose. I would propose that we put more money into hmos, Preventive Care medicine. We need to go to Preventive Care, hold people accountable for what they eat and put in their bodies. That is the only way. We need to do soul searching in our country. We cant just sit here and eat and do whatever we want to do, then wonder why our cardiac arrests are going up and everything else. Preventive care is the only way. No different than you do with your best athletes, you train them and they eat right and they feel better. The responsibility going with the right. This is the thing thats always absent from the conversation. We have rights, we have rights. Where are your responsibilities . What portion are you taking on . Does that mean the education system, teaching people how to eat properly . Amen. Amen. Thats the government intervening, though. Thats not the government intervening by putting in better curriculum. I agree with you. We are on the same page. We all got the same goal. We just have a few different ideas on how to get there. Susan guys, lets get to President Trump speaking to reporters on the white house lawn moments ago on his way to north carolina. Okay. Well, we are waiting for the president to walk up to the microphones. Long stroll there on the south lawn. Of course, we will be hearing for any remarks pertaining to the controversy that stems from his shall we say fight with the four progressive congresswomen and of course, thats been taking a lot of headlines. He spoke with cbs earlier this morning as well. Reporter [ inaudible ]. About what . Reporter [ inaudible ]. No. If people want to leave our country, they can. If they dont want to love our country, if they dont want to fight for our country, they can. Ill never change on that. No. Reporter do you think youre winning this political fight . What . Reporter do you think youre winning this political fight . I do think im winning the political fight. Reporter why . I think im winning it by a lot. Reporter why . I think that they are not espousing the views of our country, the four congresswomen. I think that theyve said horrible things that the press doesnt cover. I think you should try covering it. When you look at some of the things theyve said, they are unthinkable. If somebody else or me or anybody else said things like that, it would be historic. You ought to look at some of their horrible statements because theres never been statements like that. Reporter mr. President , you have been very outspoken about [ inaudible ] the Democratic Party. How do you think that all began and is there anyone in particular you blame on that . Well, the Democratic Party is really going in a direction that nobody thought possible. Theyre going so far left, theyre going to fall off a cliff. So i think theyre making a big mistake but who knows. Thats up to them. Reporter american principles to be able to criticize reporter [ inaudible ]. Well, theres a lot of talk about the fact that she was married to her brother. I know nothing about it. I hear she was married to her brother. Youre asking me a question about it. I dont know but im sure that somebody would be looking at that. Reporter sir, do you believe people should be allowed, sir reporter [ inaudible ]. Well, i think the story last night was that 187 republicans voted in favor of trump and four voted against. I think that was the big story. That seems to be the story. Theres great unity in the republican party. Its very unfair whats happened with respect to the way i would say republicans are being treated frankly, but certainly the way this president has been treated. In the history of our country, theres never been anything like this and this should never be allowed to happen to another president again. Should never be allowed to happen. Despite that, weve created the greatest economy in the history of our country. Were doing things like nobodys ever done. We have the best job numbers in the history of our country. Africanamerican, asian american, women, hispanic american, best job numbers weve ever had. I have to go because i see its starting to pour. Reporter mr. President reporter [ inaudible ]. Im not relishing the fight. Im enjoying it because i have to get the word out to the American People. You have to enjoy what you do. I enjoy what i do. The key is, the key is its not a question of relishing. Theyre wrong. Theyre absolutely wrong. Thats not where our country wants to be. Were not going to go and were not going to be a socialist country. Its not going to happen. Reporter mr. President , should people be allowed to criticize the government . Susan there you have it. The president wrapping up a conversation with reporters on the white house lawn right now due to rain. But he did go on about the political fight thats happening between him and his tweets over the weekend and the four congressional females, also known as the squad. Weve got to bring in some of the experts. One of them joining us right now, the housing and urban development secretary, ben carson. Mr. Secretary, we just heard him speak now but overall, we know the house did condemn his comments as racist. Do you think the president s tweets were racist . Not at all. Ive known the president for some time and ive never seen any indication of that whatsoever. You know, he lived in new york for a long time. Jesse jackson gave him an award for the work hes done in the black community. I remember the very first time i met the president at maralago before we were into the political arena, and someone came up to him and said mr. Trump, rod stewart is here. And he said yeah, but this is ben carson. I mean, thats the kind of person that he is. Thats the kind of person ive always known him to be. You know, his interest is in everybody doing well and the policies are such that a rising tide floats all boats, and you can see that. The manifestation is so clear, you know, in terms of the unemployment rate, particularly for minorities. But thats not what we were talking about. We were talking about whether his tweets were racist or not. I understand the policies are great and the economy is doing well but this is a question of racism. Yeah, well, the place where that intersects is because he is spending so much time and energy with policies that elevate the very people that they are claiming that he is against. Thats my point. Secretary carson, thank you very much for joining us. Question for you. Do you think these four women, these young women in congress, the socalled squad, do they represent minority thinking or in particular, do they represent the view that a lot of people in the Africanamerican Community have of President Trump, or is that Community Open to the oide that his policies, higher wages, things that are happening economically that are good for africanamericans, are more important than these tweets and these sort of battles that he gets in . Yeah, i think youre exactly right in that its the impact, its whats actually happening. Its much more important than the arguments that we get into when we try to parse every word. And try to interpret them. s the its an interesting thing, psychologists will tell you this, if a person thinks that you dont like them or that you hate them, then everything you say, they will interpret in that light. If they think you love them, everything they say, you will interpret in that light. It can be exactly the same thing. We need to get away from all this parsing of words and analysis, and really, lets talk about the actual problems that we have and how we solve them. I think we would be far ahead in the game. I really think thats what the American People want to hear. Thats what the minorities want to hear. Thats what ive heard from them. I was with a minority this weekend who said i really am impressed with the things that this administration is doing. But they said i wont say it out loud and i wont say it to people because i dont want to be ostracized and have my family attacked. But i think that might not be such a rare opinion. Susan secretary carson, what does that mean for the ballot box as we head into 2020 . An obvious line has been drawn. Does it help or hurt either side . Repeat that again, please . Susan the ballot box for 2020, the president ial race, with this backandforth across racial lines, telling minorities according to some liberal commentators to go back to where they came from, some would say that might hurt the republican party. Again, you know, theres going to be all kinds of conversations on all kinds of things, and its going to come from both sides. Did i wish that that werent going on, absolutely. It kind of reminds me of third grade, apologies to the third graders. But we have so many more important things to deal with. I think it would be extraordinarily helpful if we would just begin to focus on those things that are important. One of those things could be housing. Secretary, i want to actually pivot a little bit. We have new data that shows africanamerican Home Ownership falling in the First Quarter of this year to its lowest level on record. Mr. Secretary, why do you think this is the case and what do you think the administration should be doing next to fix it . A very good question. First of all, i recognize that the Home Ownership rate for blacks in this country is lower now than it was before the housing crisis, more than a decade ago. Because minorities were taken advantage of severely. You know, some of the subprime stuff and the debttoincome ratio stuff, it was horrible. Youre not doing anybody a favor if you put them in a house that they cant afford. They lose the house, their credit and their future possibilities. So what we are doing is we just dedicated 43 million to housing counseling to help people get on the right track, we are doing an enormous amount of activity around affordable housing, because the housing prices are escalating much faster than peoples income, even though peoples incomes, as you know, have increased about 3 recently, but the housing prices are going faster than that. And its largely due to regulatory burdens, zoning regulations and other types of regulations. Attacking those and at the same time, we have an office of innovation which is looking at some of the great Technological Advancements that have been made that lower the cost of housing. What we have to do is remove a lot of the barriers so that we can use those Technological Advancements. Dr. Carson, this is jack brewer. I want to first of all say, amazing job with the opportunity zones and the things you guys are doing in the Africanamerican Community. I just personally wrote an article comparing the two administrations, obama and trump, and really what the policies look like, and i have been, as you can imagine, i have been cast out of his will. I want to give you my two cents in regard to africanamerican Home Ownership. People dont understand right now, we keep talking about the border crisis but we need to worry about the crisis thats going on in our own inner cities here in america, where theres hundreds of men and women being shot in chicago and in philadelphia and all these other urban areas, but the real issue when it comes to housing is the fact that in the United States of america right now, 77 of kids are born in a home without a father. People buy houses as families. We need to get our families back in this nation. You cant expect for africanamericans to be able to go out and buy homes when they are single moms with no dads in the house. 77 , you know, it brings tears to my eyes, i lose sleep over it. Dr. Carson, no matter what you are doing, im here to support you because we got deep spiritual issues that we need to address in our community. Get god back in our kids lives and try to really put a foundation back and stop letting all these rappers and entertainers tell our kids things that are so ungodly and that is really just seeping through our entire black urban community and im tired of it. Well, thank you for bringing that up. Because in fact, as you probably know, the Brookings Institute did a big study on poverty in this country and they concluded that there were three things a person could do that would reduce their likelihood of living in poverty to 2 or less. Those three things were number one, finish high school. Number two, get married. Number three, wait until youre married to have children. Now, a lot of that is antithetical to a lot of policies we have had in place for the last 50 years. For instance, if you are getting Housing Assistance and you make more money, you have to report that so your rent can go up. Thats not a big incentive. You bring another income producing person into the household, you have to report that so your rent can go up. Dont even think about getting married. You will probably lose everything. So these kinds of policies are antithetical to the research and to the data which actually shows the direction we should be going in our policies really should reflect that. Secretary carson, thank you for joining us. We really appreciate it. Thank you. Always a pleasure. We are going to continue on and talk business. Netflix dropping 12 after reporting disappointing subscriber numbers. But coming up, we will actually take a closer look at how new competition in the streaming space could impact their bottom line. Stay tuned. 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. Prpharmacist recommendedne memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. 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. We like drip coffee, layovers and waiting on hold. What we dont like is relying on fancy technology for help. Snail mail we were invited to a y2k party. Uh, didnt that happen, like, 20 years ago . Oh, look, karolyn, weve got a mathematician on our hands check it out now you can schedule a callback or reschedule an appointment, even on nights and weekends. Todays xfinity service. Simple. Easy. Awesome. Id rather not. Susan netflix shares reporting only 2. 7 million new subscribers last quarter, almost half its scombroe projection. Deirdre bolton is standing by in the newsroom. Deirdre exactly right. Thats why were seeing this stock drop like a stone in the postmarket session. You highlighted the key metric that investors are focused on right now, because as we know, netflix is pretty saturated, more or less in the u. S. Its growth has to come from overseas. There were high expectations, that i would add even the Company Guided to, which as you rightly pointed out, were a big disappointment. Now, the flipside is if youre an investor, it depends on how much of a believer you are in netflixs future. The company is saying that its Third Quarter, the one we are currently in, is going to be amazing, so they have stranger things, of course, coming out. There are lots of people who are watching that now. Those figures will be showing up in this quarters numbers. Then the crown at season three will be launched. Theres a lot of reasons why netflix is saying if youre an investor you might want to hold the stock, im paraphrasing heavily there. They say they will be adding seven million subscribers in this current quarter. So this one is particularly the weak one. They say a lot of it is because the subscriber losses, particularly the ones that happened in the u. S. , were in areas where netflix actually raised prices. So they pinpoint that as a particular area of weakness. One side theme we have been following is a question that investors always ask about netflix, just how much are they spending on creating original content. And one thing that we know which we can take as good or bad, kind of point of view on it, is the company is going to be losing the office and losing friends. A lot of people are saying thats going to create problems for netflix. The other side of that coin is well, netflix is going to have more money to spend on its own original content. Thanks, deirdre. Looking ahead as netflix continues to lose those licenses you just told us about for popular shows like friends and the office new rivals are launching their own streaming services. Susan, do you think netflix is in for more pain . The trend shows that saturation is here, competition is rising and netflix is going to have a hard time in the future. They have only put in half of the amount of subscribers that were expected in the quarter, half. 2. 7 million. Five million expected. They are still guiding for seven million in this current quarter. Not a lot of people believe them. The stock is down some 10 . When you lose number one, number two sitcoms and have to ante up the pace to create more content, not sure thats good for the bottom line. I think thats right. You have two issues, right. One is content and another one is price. The whole issue with disney, disney is now half the price, their service, for netflix. I think raising prices is an extremely questionable way to go about it. Im really stunned by how off they were, as susan said, with the guidance here. You know, coming in at five million, expected viewers, and it turned out to be 2. 5 million or whatever, thats just a huge miss. I would think people are going to be a little nervous. Yes, they do have new content coming in in the Third Quarter and thats definitely going to buttress their situation. I wonder if people just arent kind of confused by all these offerings that are out there and trying to sort of sort out what it is they really want, and until netflix has absolutely musthave programming, they may start to have some problems like this. There is a study that actual lie lookactua actually looked at how much time people spend picking out a platform, they spend seven minutes. We are at the moment of saturation. To reiterate, the concerning thing is subscription numbers have dropped. We will see where they go. Switching gears in an emotional testimony on capitol hill today, a father who lost his wife, three children and motherinlaw is pleading for boeing to make changes. Is it time for the ceo to go . We will find out just ahead. 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The first thing boeing did is 30 minutes before the hearing, they announced they were going to give 15 million specifically to the family members of the victims and disburse it over the next few years or so. You had that one man, he is an investment adviser, he lost his entire family, his motherinlaw, his wife, his three young children. Listen to what he had to go through. I think about their last six minutes of life. My wife and my mom in law knew they were going to die. They had to somehow comfort the children during those final moments, knowing they were all their last. I wish i was there with them. Its important to mention that he had a 6yearold son, a 4yearold daughter and a 9 month old and spoke very highly of all of them. He went on to say that boeing was negligent and hes one of many that have filed a lawsuit for that reason. Negligence as a whole. Very, very sad. Panel, what do we think . Carol, should the ceo of boeing now lose his job . Thats a tough question. I hate to get in front of a board because obviously, thats a board decision but i dont know how a ceo makes it out of this. This is, if you think about something a ceo can go through, when they are overseeing a situation which ends up with loss of life that is such a big catastrophe for their partners on a revenue basis, they have shook the publics confidence in flying, this is a hard thing to get out from under. So its hard to make the call but i think its something the board should very seriously consider, because this is a giant mistake of epic proportions. Im trembling right now. As a father of four, and you know, i have taken the same flight twice, man. Taken the same flight twice. Out of ethiopia. Its just unimaginable to even think that i dont even know how to react. I very rarely get a loss of words but to see this man have to go on and now hes advocating for his children, i mean, to know you have these issues with your airplanes and you dont make it a point to teach all the pilots and youre selling airplanes across the world and youre making millions of dollars, i mean, sometimes, guys, greed, cant put greed before god. Its terrible. You know, i would have when you add up all the litigation involved, not only from the personal point of view, the civilian lawsuits but also the ones from pilot, 400 of them from around the world are also suing boeing as well, saying you put us in danger, knowing these problems with this system, and also, shareholders as well, saying what were you hiding from us before you actually divulged it to the market . Someone has to fall on their sword. Someone is pointing to dennis muelenberg, especially when the 737 is the bestselling plane, makes up the most revenue of the company. When your bestseller has a problem and cant fly, thats a problem. We heard recently the airlines are having to cancel more flights going forward. There just seems to be sort of a cavalcade of bad news affecting boeing. Going to be interesting to see whether investors decide its more trouble than its worth at this point. Thats true. One last point. The faa, too, you mentioned the fact that boeing is responsible but what about the faa that allowed boeing to police itself . What do we do about that . Thats even a deeper issue. To think that we have a Government Agency that wouldnt step up, thats chilling. Everybody dropped the ball mere. Everybody dropped the ball. Unfortunately, somebody has to be accountable. Exactly. Meanwhile, the house is set to pass a bill doubling the federal minimum wage tomorrow. But how are minimum wage hikes actually working in American Cities . A cautionary tale, next. My insuy gonna double. But dad, youve got allstate. 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And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. A place for mom. You know your family we know Senior Living. Together well make the right choice. The fight for 15. Democrats in congress and on the campaign trail are pushing for a higher minimum wage, but one seattle restaurant chain says higher minimum wage in the city contributed to its bankruptcy. Dan springer has the latest from seattle. Dan . Reporter with Congress Close to voting on a measure that would raise the federal minimum wage to 15 an hour, a cautionary tale from seattle, where big employers are currently having to pay at least 16 an hour. Restaurants unlimited, which owns 35 restaurants, mostly on the west coast, and seven of them here in seattle, filed for chapter 11 bankruptcy last week, and in its declaration cited high wages as one of the factors. Over the last three years, the companys profitability has been significantly impacted by progressive wage laws along the pacific coast. The result was to increase the companys annual wage expenses by an aggregate of 10. 6 million. Some examples given, portland, San Francisco and seattle, where over the last three years, workers pay has climbed 35 , 41 and 69 respectively. Its just the cost of doing business has gone up and its really hard to adjust your prices in a restaurant at the speed that the market changes. Reporter nearly every democrat running for president in 2020 supports raising the federal minimum wage to 15 an hour and the bill to do that will be voted on the house floor on thursday. The Nonpartisan Congressional Budget Office just released its report on more than doubling the federal wage floor. It says 17 million workers would get a pay raise and 1. 3 Million People would be lifted out of poverty. But on the downside, close to three times that many could lose their jobs as Companies Get more efficient. An advocate for 15 in seattle says thats way too pessimistic based on what shes seen locally and with restaurants unlimited. Theres been 111 restaurant openings in seattle so clearly, people see this is a great market for opening a restaurant and i think there was Something Else going on. Reporter 29 states currently have laws on the books which pay a higher federal minimum wage than the 7. 25 that its been at since 2009. Back to you. Thanks, dan. Kristina, the democrats take stories like these and take a step back when it comes to minimum wage . I think they are going to argue in general no, this is an opportunity, we need equality, so many people cant afford anything in this country and therefore we need to raise minimum wage a little bit higher. In the case for seattle, we have seen it jump quite a bit over the last few years in terms of their minimum wage, so i do understand from a business perspective the chain closing. However, from the flipside, as a Business Owner dont you always want to be well prepared and able to handle these types of situations and not just use that as the one excuse as to why youre folding and going under. So yes, i dont think democrats would stop at all to answer your question. They will further reinforce. Americans need this money. Good point. But they should. They should take a second look, because when the Congressional Budget Office looked at what would happen if you raised the federal minimum wage to 15 nationwide, which by the way right away is a nonstarter because the federal minimum wage should not be the same in alabama, where the cost of living is about half of what it is in San Francisco, as it is in San Francisco, but nonetheless, what they found is it throw 1,300,000 people out of work and raise the same number out of poverty. Lets think of the impact on those two groups. If you lose your job, that is an incredible step back in terms of your life and your moving forward. It is not the same as you know, having some adjustment in your income. I think the outcomes are totally disparate and much harsher on the downside than the benefits that would result from raising the minimum wage. I think, you know, i think its a terrible idea. I hope it doesnt happen. And the people most impacted are teens and people like moms. Small Business Owners, liz. You cannot forget Small Business is the backbone of this country. We have 30. 2 million Small Businesses in this country. Six million that have employees. Guess what, nobody guarantees their wages and they are risking their time and their money and their effort. It is absolutely ridiculous that government shouldnt be involved in this. What about looking at different ways instead of just a federal minimum wage, why not let the states first of all handle the wage needs of different standards of living. What about the earned income tax . Thats what Warren Buffett said was probably the best idea so you dont distort the market and disincentivize hiring, the people that need money get some money back from the government. I think thats exactly right. It should be state by state. By the way, theres some really awful aspects of this bill thats going to be passed in the house, such as removing the exemption from teens. Its really important for teenagers to be able to work at whatever level of pay they can earn just to get a foot, just to get experience. If you make it 15 bucks an hour for a kid that really doesnt contribute much, youre not going to hire many teenagers like whats happened in france, you will see youth unemployment go through the roof. Lets get to breaking news, because the house just voting to table an impeachment resolution against President Trump, effectively killing that measure at least for now. This was the Texas Democratic congressman al greens resolution, who forced consideration of this measure, and this of course caps off days of tension and division in washington, d. C. Coming up, are you a parent of a millenial . A new survey out with some Surprising New figures on just how long they expect to get financial help from their parents. We will get you the details after this. Award winning interface. Award winning design. Award winning engine. The volvo xc90. The most awarded luxury suv of the century. The volvo xc90. When crabe stronger. Strong, with new nicorette coated ice mint. Layered with flavor. Its the first and only coated nicotine lozenge. For an amazing taste. That outlasts your craving. New nicorette ice mint. Hey i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Susan when it comes to bankrolling your kids, when is enough, enough in a cutoff point . A new survey from Td Ameritrade revealing just around one in five millenials expect to still be financially reliant and dependent on their parents into their 30s. Most parents say its embarrassing for kids to stay on their payroll past the age of 27. But carol, arent these parents enabling these freeloaders even up to the age of 27 . Yeah. The people who should be embarrassed are the parents for themselves, because they are not being parents. They want to be the best friends, they want to shield their kids from every adversity, they want to baby them and give them no coping skills, give them a trophy for everything. Are you surprised that theyre not independent or financially independent . This is the obvious outcome. We need to bring back tough love. It still has love but you got to be tough. Youve got to be tough. I have two millenials. I can tell you that ive had these conversation over and over. My daughter, bless her heart, she works extremely hard but im going to call you out on national tv. My sons got to work a little bit harder. Its one thing to not want to work, but if youre going to school and youre doing the right things, when you stay underneath your parents, you just dont get a chance to go out there and get the experiences youre going to need later in life. Once your parents are gone, this entitlement in the country is really whats holding us back in a lot of ways and we talk about unemployment, we talk about minimum wage. How are you going to pay a work force more thats not more skilled . Thats really what were seeing and what its come down to. Its sad. I agree with your points but i have been reporting on this and i went out and interviewed a bunch of students here in new york on that sole reason, the fact they are still living with their parents and some of them arent paying rent, and many of them cite what we have heard a lot about, the student debt level which is already above 1 trillion. Even in this Research Piece thats coming from td, often td when they do these things, take it from a grain of salt because they are promoting their own product, they said one in five of the Young Millenials surveyed still cant afford to save and barely, few are even putting 200 away. Thats the parents problem for not teaching them roi. Or lets go back to education again, financial literacy. Financial literacy should be in school but the same thing with the parents. It falls, if you are a parent, you cant abdicate that responsibility. I want to lob in one contrary opinion here. I do think that there was a cadre of millenials who came out of school during the financial crisis and never got the sort of starter job that they expected. A lot of college graduates, if you remember, started off earning minimum wage. I just feel like there is some group that has student debt that never sort of got on the right earnings track and theyre just sort of behind the eight ball. I think they will catch up. Theres no reason in this booming economy that they wont. But i sort of understand that there is a segment of that age group thats struggling. Yeah, thats right. One in five, is that really that much more than other generations . Just putting it out there. We got to go. Florida officials are trying to find a new way to stop the homeless from sleeping in their parks. They are playing one song on repeat. Would it keep you away . It might. We will play it for after this. All right brad, once again i have revolutionized the songwriting process. Oh, here we go. I know i cant play an instrument, but this. This is my forte. Obviously, for auto insurance, weve got the wheel route. Obviously. Retirement, were going with a longterm play. Makes sense. Pet insurance, wait, let me guess. Flea flicker. Yes howd you know . Studying my playbook . Iabetes, im more likely to have a fatal heart attack or stroke. Lower a1c helps, but type 2 diabetes still increases my risk of a fatal cardiovascular event. Because type 2 diabetes is more than a1c. Wowthese are great answers and thats why theres jardiance the first type 2 diabetes pill that offers a lifesaving cardiovascular benefit for adults who also have known heart disease. Because jardiance can reduce my risk of dying from a cardiovascular event. And it lowers my a1c, with diet and exercise. Andits the 1 prescribed pill in its class. Jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. Ketoacidosis is a serious side effect that may be fatal. A rare, but lifethreatening bacterial infection in the skin of the perineum could occur. Stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. Do not take jardiance if you are on dialysis or have severe kidney problems. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. So, now what do you think . While my a1c is important, theres so much more to think about. Ask your doctor about jardiance today. 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. [ ] im going to stay silent. West palm beach officials are hoping playing that song, especially if you have kids. If you plan on repeat, it will drive Homeless People away from their park if you have ever heard the song more than once. If you listen to it again and again, you know how irritating it can be. Do you think that will push people away . I probably danced to this song more in the last year than i have any song because it makes zia stop crying. I dont think it will push the Homeless People away. Its a relaxing song. My daughter stops crying when i hear it. Isnt there something about cruel and unusual punishment . I think we built this city on rock n roll is worse. If you are going to do it, you might as well play it out. Liz the president moments ago said hes winning his fight with the four freshmen progressives. The president at this hour flying to his make America Great again rally in greenville, north carolina. The president in just a few hours expected to say its about the democrat hard left and the quote horrible things they say about america and how their bad policies will ruin the country. Its healthcare as they continue to dodge how to pay for their plans. President trump meeting with survivors of