Lawrence in washington, d. C. , with the latest on trade, Jackie Deangelis live in the newsroom following the amazon probe. Gerri, lets start with you. Reporter what a day in the markets here, anniversary of 9 11, everybody talking about it, the markets going to the sky. Dow up nearly a full percentage point. Russell up 2 . Were finishing at the highs of the day. The dow of course, the longest winning streak in three months. The dow driven by boeing and apple. Lets talk about apple for a second. You said the market cap of that stock, a trillion dollars. Very good news for apple shareholders. This is the first time in 10 months they hit this level. It was that big announcement yesterday about the three new iphones. 699 for one of those iphones. Apple watch, ipad, apple tv. Pretty much yesterday melissa said we would buy one of the iphones. Maybe why the stock is up. Good news for them, apple tv subscription, 4. 99 a month. Purdue pharma agreeing to a tentative settlement over the Opioid Crisis and opioid, this could rank among largest in Pharma Industry ever. The second biggest would be merck. The settlement 12 billion, said to be 12 billion, settling with 2000, 2000 local governments. A very big deal there. 23 states in the Opioid Crisis. Merck was the last big deal, 4. 85 billion. 2007, doesnt even compare with this particular settlement. I will send it back to you. Connell gerri, thank you. In addition to everything gerri mentioned President Trump right out of the gate taking aim at the fed again, with a tweet that reads the Federal Reserve should get our Interest Rates down to zero or less. We should start to refinance our debt. Interest costs could be brought way down while at the same time substantially lengthening the term. President says we have great currency power and balance sheet. The usa should always be paying the lowest rate. No inflation. Only naivete of jay powell and Federal Reserve doesnt allow us to do what other countries already doing. Once in a lifetime opportunity that we are missing because of boneheads. Melissa i think naivete was auto correct. I dont know how to make the symbols. I dont know how to make the symbols, Jonathan Hoenig joins us, no naivete. The host of the bubba trading show host if anything, nothing naivete. Not just another attack at Federal Reserve, should we hope for zero Interest Rates or negative Interest Rates . Connell, not historically. Negative Interest Rates are sign of skiddishness, very moribund economy. The economies the president seems to emulate or want to emulate are very, very weak economy. Look at europes, extraordinarily weak. Japan has had flat for negative Interest Rates for better part of 20 years. Hasnt helped those economies, hasnt helped economy at all. The u. S. Debt is not like personal or home mortgage. You cant refinance at a lower rate. This is continuing trend with attacks at Federal Reserve which questions its very independence and doesnt do anything to stop profligate spending which is the problem. Connell short term, other things going on, todd, sometimes short term of lower rates, whatever the reason could help certainly stocks. We saw a beautiful rally in the stock market today but to jonathans point, the whole idea of refinancing our government debt, is that a thing . What do you say to that . I dont know if we have high enough credit score to refinance our debt. I think that could be a problem. At the end of the day, the whole thing, if President Trump wants to fix things and end the fed. We wont worry about Interest Rates. Let the free markets decide what the rates should be. That is the cleanest, purest way to do anything, if you let free markets they will tell you what Interest Rates should be. They shouldnt be at zero. I understand his logic, what is going on around the world and carry spreads going back and forth f we let free market decide they wont be zero i promise you. They will be higher than they are today. Plenty of high rate lenders putting out loans. Melissa talking about a real estate guy. That simple. Federal trade commission is looking at amazons marketplace to try to determine if the ecommerce giant is hurting competition. Fox businesss Jackie Deangelis live in the newsroom with the latest. Good afternoon to you, melissa. The latest target of antitrust investigations is amazon but it is at a federal level and that is a very important distinction because we heard about the foundation being laid for antitrust probes of big tech at the state level as well. Theyre both happening at the same time. The latest questions asked by the ftc, the federal trade commission is amazon using its position its power, its influence to stifle competition . Specifically what theyre trying to figure out how much revenue on a percentage basis sellers get from amazon when to other ecommerce sites. If theyre compared that the influence amazon has get results from the bulk of sellers then they could argue there isnt fair marketplace. They have been reaching out to sellers, interviewstyle meetings. The kind of questions being asked besides basic sales figures like we discussed, amazon asking sellers that work with them, it is respect to pricing, sourcing that kind of thing. The ftc declined to comment to fox business. Amazon didnt comment on this story specifically but referred our reporter to previous statements that the company made on the issue. Amazons stock today trading higher by 2 bucks. Back to you. Jackie, thank you for that. Jonathan, todd are back. Jonathan i know youre with me a free market purist. I have to wonder i mean, so a monopoly is supposed to be about the consumer is getting hurt either with higher prices or fewer options. Do you feel that way about amazon . No. Certainly not the case when it comes to amazon. In fact this is a real negative. Talk about previously, melissa from the investors perspective. This is negative sign for amazon and big tech writ large. Look what happened to microsoft once the antitrust case happened in the late 1990s. That stock was dead money for 15 years. Even worse a government minder installed at amazon that stifled credibility. Melissa microsoft. Microsoft stifled credibility this is obviously not a monopoly. This is a government shake down and makes the big tech sector almost uninvestable right now. No wonder you see value stocks rally an momentum stocks including tex sell off on this news. Melissa jonathan made me want to cry there. One of the biggest differences well, with microsoft you were really held hostage to their platform t wasnt always clear the products they were giving you was best for the consumer or particularly cost sensitive. With amazon, my goodness, i mean i can buy absolutely anything, i have total Price Transparency as the consumer. The two things to me arent similar even though he is right, this is terrible sign for tech. What is your take . Its a terrible sign and lets just think about how many people amazon actually employs. Melissa yeah. Not only employs how many Small Businesses they have selling their products through amazon. Melissa amen. Are you kidding me . This is our Big Government at work. This is of course what Elizabeth Warrens everybody want in the world, they want to destroy the free market system, capitalist system because were better than you. Were making more money. Look again theyre employing hundreds of thousands of little Small Businesses through their search and platform. Why do we want to stop that . I will never figure it out. That is what is going on right now. Connell next up, inch by inch. The u. S. And china signaling they may be getting closer to a trade deal. Depends how you read the old tea leaves which Edward Lawrence is expert in. What is the latest, edward . Positive talk out of china for sure. Also suspension of tariffs on 16 imports from the u. S. On one year. These are items china cannot make or get from another country. President donald trump reading this a different way. I think they did the right thing. I think it was good for them. They took them off. I think it was a gesture. Okay . It was a big move. People were shocked. I wasnt shocked. Reporter a gesture. What is significant today what the number two man in the Chinese Government said at a business delegation meeting in beijing. The chinese premier says that he thinks a trade deal can be reached. Translator china is the largest developing country in the world and the u. S. Is the largest developed country. We share wide, common interests. I believe we have the wisdom to find a solution acceptable to both. Reporter still mo mention if the chinese will put back any concessions that u. S. Trade representative Robert Lighthizer says they deleted out of the agreement. A former white house policy advisor says this is not a sprint though. You saw some positive signals from china this week. But were still a long way from a deal at this point. We really havent talked about the core structural issues for a while. Reporter the meat of those talks will happen in early october when the head of the chinese delegation comes here to washington. They might get into what is coming back into that deal. Connell Edward Lawrence in washington for us. A potential shakeup overseas with the Hong Kong Stock Exchange proposing a 36 billiondollar takeover of the london Stock Exchange. Jonathan, todd, are back. Any chance these reports are true, todd, this comes off the ground . Weve done a million stories about the chinese in general, hong kong a territory controlled by china, having access to quote, unquote sensitive information. Talking about a Stock Exchange in london, is this for real, what do you think . Everything is real. Everything is for sale as weve seen. Our own u. S. Exchanges start to consolidate to many less exchanges. Can it get done . I would find it hard to believe to get through all the regulations, all the hoops you have to jump through it get there. If it is publiclytraded venue it has an opportunity to be taken over. I would find i had hard to believe it could be done but if there is enough money, one thing we remember, people like the money. Nothing bothers them when it comes to cash. Connell the other part, jonathan, i would say you have two cities that have their issues. You could make the argument theyre still fighting to maintain their status as bigtime financial centers, with protests happening of course in hong kong, london dealing with brexit. What is your take on this proposal . These are publiclytraded companies. They have obligations to shareholders. There is consolidation going on. We 20 plus, very large global Stock Exchanges. Considering these are electronic platforms, there is tremendous efficiency, consistency and more liquidity comes with the conglomerating them this is natural consolidation. It should occur, connell. The only thing standing in the way is regulation and nationalism. The sense london cant be somehow owned by hong kongers. Well see those types of obstacles. I suspect in fact you see a higher bid. You might see american exchange, cme, i have no inside knowledge, you could see competing bid come in with higher bid for london before it is over. Connell as President Trump says well see what happens. Jonathan, todd, good to see you both. Thanks for coming on. Melissa cracking down on ecigarettes. President trump meeting with the health and Human Services secretary to tackle the vaping crisis across the u. S. Were live at the white house with the latest. Connell a wisconsin man accused of making counter fight vaping cartridges appeared in court. What Authorities Say were behind the dangerous operation and possible ties to illnesses. Were live with that story coming up. Melissa radical shift on 2020 stage. Elizabeth warren doubling down on the call to eliminate the Electoral College. Why the move could backfire on battleground states. Thats coming up. Its just not right. But with sofi, you can get your credit cards right by consolidating your Credit Card Debt into one monthly payment. You can get your Interest Rate right by locking in a fixed low rate today. And you can get your money right. With sofi. Check your rate in 2 minutes or less. Get a nofee personal loan up to 100k. 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Ask your doctor about trulicity. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Melissa taking action. President trump announcing today his administration will crack down on the growing ecigarette epidemic after a sixth person dies in the u. S. From a vapingrelated illness. Blake burman is at the white house with the details. Blake . Reporter this comes from the health and Human Services department along with the food and Drug Administration that says they will shortly issue guidance that gets flavored ecigarette products out of the marketplace. It is important to note here, this wont be immediate, as the official regulation needs to come about with a 30day waiting period likely to come after that but the decision of the fda with the backing of the President Trump and the first lady comes as new data shows a surge of ecigarette use by kids. Vaping has become a very big business as i understand it, like a giant business in a very short period of time but we cant allow people to get sick and we cant have our youth be so affected. Reporter tobaccoflavored ecigarette products will not have to be yanked from stores and online outlets but the health and Human Services secretary alex azar says those products will need to receive fda approval by may of next year. He suggests that those products could potentially have some benefits to adults. Tobacco flavored ecigarettes are not a major source of youth utilization at this point. We do have eight million adults using ecigarettes. There is actually some Public Health need for nicotine, alternative nicotine delivery devices to be available for adults to get off combustible tobacco. Reporter the American Vaping Association pushed back on the future actions saying in a statement, quote, in the history of the United States prohibition hasnt worked. It didnt work with alcohol. It hasnt worked with marijuana. It wont work with ecigarettes. That is their stance in light of this announcement from hhs and the fda. Melissa a lot more Research Needs to be done, blake. Thank you. Connell here to talk to us today a doctor who talked to us about this topic in the past. Dr. Janet, good to see you. Now that we have a move the white house is pushing forward as blake stands which could be a ban on e playered cigarettes, do you think that is necessary what youve seen in your practice . Purpose of this is to help protect children from being hospitalized. I have patients myself come in with severe chest pain, difficulty breathing, cough, wheezing. We had to put them on steroids, we have to give them breathing treatments. Some patientsir collapse lungs had collapsed. Theyre attracted to watermelon and candy. This is to protect children. We have to find a balance because ecigarettes are used by cigarette smokers to help them quick smoking. The ultimate goal is to protect our children. Connell would you be concerned if the ban goes in place and a further crackdown on ecigarette use more people turn back to traditional cigarettes or try traditional cigarettes when they havent in the past when these arent available . Okay. Not necessarily. Regular cigarettes right now, if were really using ecigs as a means to quit smoking i dont know of any cigarettes that have flavors in them such as watermelon or cotton candy. If you go from regular flavored cigarettes to tobacco flavored ecigs, they leave tobacco flavor, going from one flavor to the same flavor. We have to look at the big picture. It is the Young Children, groups from middle school, high school, up until age 25, 35. These are the ones were seeing hospitalized. Teen vaping has become an epidemic. We have millions of children who are attracted to these flavors. We need to help protect them, once they get hooked on nicotine at a young age, that is hit. Potentially they will be lifelong addicts to nicotine. About 50 of these kids who use ecigarettes who vape will go on to be regular cigarette smokers within six months to a year. Connell which is obviously a bad thing because for years and years the numbers have been going down, people smoking cigarettes. Education levels are going up. People knew what the dangers were. How would you compare the health risks from what you know, even from what youve seen in your practice of smoking a regular or traditional cigarette versus these ecigarettes with vaping . How do you compare the two . Regular cigarette smoking causes more deaths in this country than drugs, guns, alcohol, car accidents, and hiv combined. The good thing about ecigs, you dont have the carbon monoxide. You dont have the tar. You have less car carcinogens. You have artificial flavors, chemicals, vanilla, cinnamon, those have been related to bronchial cell death, with cancer causing connell what about illnesses we keep hearing about, at least in some cases maybe theyre isolated cases, maybe but what is leading to that in your view that makes it more severe on these cigarettes . What were seeing with the ecigarettes, counterfeit, bootleg, Fake Products laced with thc, vitamin e. People are making them in their backyards. I think that may be contributing to these kids being hospitalized. Connell right. With these severe lung disease but connell that would lead you to say maybe more regulation or watching the industry more closely would be a solution rather than an outright ban, i dont know, but if youre saying its, people messing with the product, essentially it sounds like what youre saying is the problem . Adulterated vape juices, modifying products. Buying from people off the street you dont know. You dont know what youre inhaling. Fda rules, regulations maybe consider banning commercials early in the day where kids see them. Consider altering flavors that are appealing to children. We need disciplinary action. It is illegal for kids to do this. We need education, education is the key. Parent need to teach their kids stay away from smoking, stay away from vaping. Teachers at school, teach your students. Coaches teach your athletes. Education is the key. We need to inform adults that use of ecigs is not the only method for cigarette smoking cessation. There are other medications you can use. There are patches, there are gums. Ecigarettes are helpful. We need rules an regulations. We need transparency of ingredients, we need more fda involvement to protect the kids from being hospitalized. Connell this happened relatively quickly so it has been tough. As you said a few minutes ago a lot to learn. A lot we dont know. Dr. Janet, thanks for coming on. Good to see you too. Melissa loss of industry giant today. Oil tycoon t. Boone pickens has passed a spokesperson confirming the death to fox business saying quote, it was peaceful. He was surrounded by friends and families. In classic boone style he was ready. Pickens suffered a series of strokes a few years ago, hospitalized in july of 2017 after what he called a texassized fall. He was long time ceo of mesa petroleum, a company he founded. It became one of the largest oil and Gas Companies in the country. That is how he bottom to know him. This was taken at a philanthropy, for a cause he loved, university of north texas. Jay in the photo with him, his longtime friend. T boone, he was 91 years young. He will be missed. I wanna keep doing what i love, thats the retirement plan. With my annuity, i know there is a guarantee. Its for my family, its for my self, its for my future. Annuities can provide protected income for life. Learn more at retire your risk dot org. Why accept it frompt an incompyour allergy pills . E else. Flonase sensimist. Nothing stronger. Nothing gentler. Nothing lasts longer. Flonase sensimist. 24 hour nondrowsy allergy relief but dad, youve got allstate. With accident forgiveness they guarantee your rates wont go up just because of an accident. Smart kid. Indeed. Are you in good hands . Melissa breaking news. Oracle dropping afterhours, following announcement of ceo mark hurd will take a leave of absence for Health Related reasons. Larry ellison and katz will cover his absence separately. The Company Posted a 5 fall in quarterly profit. Connell to the gop victory in north carolina. Congressmanelect dan bishop giving credit to President Trump after his special election win in north carolinas 89th congressional district. I was only in the race for six months to someone in it for two years. We were only competitive in terms of funding for about six weeks. The president and Vice President stepping in, committing the way they did to this race was tremendous. Connell bishop won a close race against the democrat dan mccready. The seat has been held, now continued to be held by republicans since 1963. Melissa Elizabeth Warren making her position clear. Listen to this one. I want you to know where i stand on this it is time to get rid of the Electoral College. [cheers and applause] melissa such a great idea. What happens when we let california elect our president every single time . Lets bring in bill mcgurn from the wall street journal he is also a fox news contributor. To hell with the Founding Fathers. They had no idea what they were doing, trying to balance the little states with the big states. What do you think . Should we get rid of Electoral College . What would that mean . This is classic democrat prescription, the way they dont like the Supreme Court because of trumps nominees and republican nominees. Lets expand the number of Supreme Court seats or something. The Electoral College isnt going anywhere. Its a good check, it is made to Balance Power in the u. S. , to make sure that the small states are not just overwhelmed by a few very large states. Melissa yeah. I mean, you could just, if we go down this road where you just let the big states control everything, you can see all kind of things changing. If we, you know, undid everything that the Founding Fathers had made along this way, i mean, government funding, when there is all kinds of things. If you started down this slippery slope, what else could you see happening . Right. Look, theyre trying to say that its a legacy of slavery. That is even not true. Theyre conflating 3 5 compromise where slaves were counted as 3 5 of a person for congressional representation and taxation. Theyre not going to go anywhere because the small states are not going to give them the votes they need to do anything to the Electoral College. Its a good check on democracy. Founders were very big that we were a rebubble as well. Republic as well t insures broad distribution. Elizabeth warren, donald trump campaigning in texas, new york, california, illinois, maybe pennsylvania, right . The other places would be really be flyover country. Melissa yeah. Some of her other proposals really smart, she wants to create a department of economic development. I cant think of anything that would stifle growth more. I think, the history is, department of education, department of energy, have those fields actually got better with these departments . Wouldnt we be a lot better off if we didnt have them . Is the idea really that the federal government in washington, d. C. Knows how to allocate capital better than the market does . I think that is a melissa literally the opposite of free market principles and she always says she is in fact a capitalist. Just conscious capitalist, whatever. But if you want to develop a department of economic development, you are definitely not. She says that companies should be made to serve the Public Interest. Right. Well i sort of think they serve the Public Interest now, how do you make a profit . Serving the public. Melissa yeah. If you dont serve the public. If you dont produce goods and services the public wants, at a price the public is willing to pay you will be out of business. So, again this is just, this is just this belief that a ruling case of people in the federal government no better than the hundreds of millions of decisions made every day by the american people. Melissa you know, that sort of hits the nail on the head with that one. If you say companies should serve the public, how do you measure that . I think it measures by what Elizabeth Warren wants. Melissa right. That frequently is what a few managers want. So the entire company is used for their purposes to support their causes. Where when you, when you give people what they want, people are happy with the product. The profits go into a lot of people, benefit from it. I think this is very dangerous ground. Melissa no, if they arent serving public, they go out of business. Right. Melissa with her, she is saying that then there should be some people in washington who get to subjectively decide whether or not these companies are serving the Public Interest. And, if it is her, that is great for her. But then she forgets that in the next administration, it could be republicans that are deciding if companies are serving the Public Interest. And you know, they could put, you know, Clean Energy Companies that arent, you know, that are just surviving on the government, they could put them out of business. She fails to see how all of these things putting in place could backfire on democrats next time around. Not even backfire. Think of what the government runs. The Public Schools in new york. I mean, these are the things, the problem is, with once you get on the government subsidies, they dont go out of business for their failure. They stay in business forever. The division of motor vehicles, irs, try to name a service that the government runs that we all think, wow, that is really good. Melissa yeah. Maybe the marine corps. Melissa there are some good Public Schools in new york but the post office, hmmm. I dont know about that one. Dmv. Bill, thank you. Appreciate it. Thank you. Connell overseas now, we have believe it or not new brexit drama for you today. Boris johnsons cities to suspend parliament ruled unlawful by scotlands highest court. The judges believe the prime ministers actions have the quote, purpose of stymieing parliament. Uk Appeals Court will hear a appeal from the government on this topic next week. Melissa it never ends, exhausting. It literally never ends. Connell go on and on. Brexit will never happen. Melissa remembering the day that changed the world. The people we lost. The heroes who rescued countyless lives. I can hear you, the rest of the world hears you, and the people [cheers and applause] and the people who knocked these buildings down will hear all of us soon. [cheers and applause] melissa we all remember that. The we are live at ground zero memorial as the nation marks 18 years since that september day. After the break. At fidelity, we believe your money should always be working harder. Thats why, your cash automatically goes into a Money Market Fund when you open a new account. 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Were the kirby family, and we are usaa members for life. Get your Auto Insurance quote today. We come here in the knowledge that we cannot erase the pain or reverse the evil of that dark and wretched day. But we offer you all that we have, our unwavering loyalty, our undying devotion, and our eternal pledge, that your loved ones will never, ever be forgotten. Connell here we are on september 11th, a day we all take a moment to reflect on that terrible day, some 18 years ago. 18 years. Eric shawn live for us in Lower Manhattan with the latest from there today. Eric . Hello, connell. On that morning the first plane to hit the World Trade Center flew right over my head. Although it has been 18 years, seems not one day has gone past. This morning here at the former ground zero site, now the World Trade Center, the familiar ritual, family members, loved ones, officials, gather to remember all those lost here. Again there was the methodical, slow reading of the names and four moments of silence, two for when the planes hit each gleaming World Trade Center tower and two for when the buildings collapsed. It was a morning of tears for many, despite passage of what has been decades the pain and sorrow have not receded. Not a day goes buy, we dont think they will walk through the door, thank you for always looking over, mom and dad, caroline. Darcy and all the cousins. Thank you. With all respect to our lost loved ones, this one is kind of hard. Reporter this year there is a new memorial, a glade that pays interest i beauty to the firstresponders and others that succumbed to cancer and other diseases after working on the toxic dust and removing all the debris. That number is expected sadly to pass the number of people actually killed on this day 18 years ago during the attack. One noted speaker was Nicholas Haros his 76yearold mother francis was killed. He tore into michigan congresswoman ilhan omar and her comments about the 9 11 when she said quote, some people did something. He was blunt and direct about omar. I was attacked. Your relatives and friends were attacked. Our constitutional freedoms were attacked. And our nations founding on judeochristian principles were attacked. Thats what some people did. Got that now . Reporter he bluntly said it was islamic terrorism that caused this. By the way, right over my shoulder, tonight will be tribute of life, two gleaming things pierce the sky in manhattan until dawn this morning. To evoke what was lost an continue to be a reminder of the threat that still exists. Connell no doubt. A tribute of lights, eric you talk about, as the reading of names, become as you call rituals. Weve been doing this for 18 years. What i noticed, how many young people, eric, were involved in the reading of the names. So many people that were, you know, either very Young Children or were not even born when they lost a loved one they never knew, handled the readings today. Reporter absolutely right. Wh is astounded so many young people were not even born on that day. We remember it so well. Many were so young when their mother or their father were killed. So it is quite, quite an emotional and, certain sense inspirational, amazing day for today, just absolutely gets you right here. Connell yeah it does. Yeah it does. Doesnt get easier. Probably shouldnt. Eric shawn live in Lower Manhattan. Well be right back. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. 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. Connell a man from wisconsin appearing in court today accused of producing thousands of counterfeit vaping cartridges for nearly two years. Grady trimble in kenosha, wisconsin, with details on that story. Grady. Reporter connell the sheriff here called this drug ring one of the largest of its kind in the entire country. He said a small group of people were producing 3 to 5,000 thc vaping cartridges every single day for the past yearandahalf. When you see images it is just astounding. When detectives searched the condo, they found tens of thousands of filled cartridges. Even more unfilled. A million 1 2 dollars worth of thc oil. All of in packages made to look like candy. This was sophisticated operation according to detectives. One ringleader had 10 employees they say who filled out time cards. But all of it came unraveled when the parents of a High School Student turned in their son after they found him with one of the cartridges. Now the sheriff has a warning for parents all across the country. It looks like candy in these vaping cigarettes. It is not candy. It is highly potent drugs. We need to get the parents involved and dont take this as, it is just cherry or sour patch candy. Its not. It is not what you think it is. Our kids, whether they know it or not, are taking something that is going to hurt them. Reporter the ringleader, detective says say 20yearold tyler hufines the sheriff wants to determine if this case specifically is tied to any vapingrelated deaths or illnesses weve seen reported by Health Officials across the country. That is what theyre working on now. Connell. Connell Grady Trimble in wisconsin. Another vaping story. Tying your wallet, House Democrats weighing expanding Social Security by collecting more payroll taxes from high earners and mid income workers. Peter morici to talk about it, university of maryland economics professor. What do you think of this bright idea about the fix of Social Security. They want to greatly expand pensions soaking rich. Connell this is not even the rich. Would find it hard to believe this would get through. Some of these people are not exactly what you call rich raising tax. Thats true. At the bottom of the ladder, near the bottom of the ladder. The tax increases are very minimal. Theyre there as token guess ture were really increasing taxes for everybody. This is votebuying scheme. It is not going any place. It has zero prospects in the senate. Connell weve done a million and one segments over the years on Social Security and everybody has a plan. This is just, hey pay more in payroll taxes, extend it for 75 years. It is probably going nowhere. At some point well have to do something about the solvency of these programs, including Social Security. What do we do . Raising the age . What do you advocate for. In terms of Pension System as opposed to medicare, we need to raise the retirement age. People are living a lot longer. We cant have a system where people retire at 67, live another 20 years, collecting the pension. It just is insolvent. Retirement of age of 70 is quite reasonable. We have to raise the full benefit retirement age. We have to raise the minimum wage for collecting some benefits. I dont see any other way out. If you Start Talking about the kind of payroll taxes they would like to implement, you have to put those on top of especially selfemployed people the marginal tax rates near the top, at federal level and state level. Place like new york, all of sudden a doctor is paying 65, 70 marginal tax rate. He doesnt have a lot of incentive to work more than 40 hours a week if you do that. It is very productivity killing idea. Were already seeing it among physicians where a lot of female physicians are working halftime so forth because of very heavy taxes they pay. Connell if you took age up, full benefits age, put it at 70, problem involved just like that . Have you run numbers on it, what else would you have to do . It would help a great deal. It would help a great deal. But we need to raise the minimum age, so basically people have expectation theyre working until 65 or 70. Connell i want to throw another issue while youre here. This comes from nancy pelosi, speaker of the house. She is said to be pushing forward with a plan, might say an ambitious plan, to lower Prescription Drug prices. You know the Drug Companies are not fans of this plan. Basically heavy government involvement here where the secretary of health and Human Services would be able to negotiate prices on 250 drugs a year if the companies dont agree to negotiate, heavy, heavy fines. So this is what shes pushing. What do you think of this one . Actually not all that bad an idea. Were the only western idea that doesnt regulate drug prices. Germans pay 12 of gdp of health care. We pay 18, 19, have similar system to obamacare. The question is why is our so expensive, with Government Purchasing some drugs directly or indirectly there is no free market. Connell we have to come back to this one, give you enough time. Peter. Thanks for coming on. We have to run right now. One Company Coming up next, im sure you know the company, pledging never to forget those who died on 9 11. Were talking about hardest hit names on wall street giving back today. Thats next. T know whats going. Ive done all sorts of research, read earnings reports, looked at chart patterns. Ive even built my own historic trading model. And youre still not sure if you want to make the trade . Exactly. Sounds like a case of analysis paralysis. Is there a cure . Td ameritrades trade desk. 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Lauren 18 years since the terror attacks, its become an annual ritual of mourning and also an annual ritual of raising money. 159 million to date raised for the Cantor Fitzgerald relief fund on this bgc charity day. This wall street firm lost all 658 Cantor Fitzgerald employees plus 61 brokers that went to work. If you showed up to work on 9 11, 2001, you did not go home that day. The way all the workers now, some of them, kids of parents who worked there. The way they remember their forgotten family, friends, colleagues and even strangers, 100 of the revenue from trading today, all of it will go to charity. Like i said, 150 million raised to date, not including this year. Celebrities, politicians, athletes, actors, they come in all day, they help make the trades to drum up some excitement and of course, raise more money. But everyone remembers today as the day the world turned on its axis. We believe in freedom, we believe in, you know, a world in which theres peace and prosperity for all these very deep values that are integral to american way of life and to the british way of life. I think to my generation, theres a whole new appreciation just because our only memory, at least people my age, is what the people who are from new york and who remember it are telling us. Its not just that this happened on 9 11. Its a continuous issue that is happening literally every day with the passing of more firemen, policemen, department of corrections. Lauren 18 years later, we will never forget. Back to you. Connell lauren, thank you. The bgc charity day. Thank you for joining us. That does it for us. Bulls bears starts now. Deirdre law makers back on capitol hill with many now pushing for a big expansion of Social Security. We will tell you how they plan to pay for it. This is bulls bears. Im kristina partsinevelos. Joining me, scottie martin, steve forbes, Gary Kaltbaum and liz peek. House democrats are debating this week on whether to vote on a new measure that would shore up and expand the Social Security program and they would pay for it by none other than raising payroll taxes. The proposed tax increase would reportedly raise more than a trillion dollars over the next decade. So gary, i feel like i already know the answer but do you think this is