504 Billion News Today

American tribes, and other groups who accuse the companies of starting and sustaining the crisis that led to the deaths of more than 400,000 americans. the potential settlement could reach up to $50 billion in cash, drug treatment medications, and it would avoid a trial described as quote the most complex litigation ever. the u.s. government estimates that opioid addiction has cost more than $504 billion when you add up healthcare, criminal justice, and lost productivity cost. nbcs ann thompson ...

Obviously is a gigantic amount of money. its obviously an order of magnitude larger than the settlement that was just ordered for johnson & johnson yesterday, but in terms of the gigantic numbers here, the size of this catastrophe, the estimated cost to the united states of what purdue pharma has done in terms of its role in the crisis, how do those numbers stack up? >> well, whats interesting is in 2017 the white house council of economic advisers came out with a cost, a dollar amount for the o...

Of economic advisers came out with a cost, a dollar amount for the opioid crisis and they said it was $504 billion. that was the cost to the united states. so you have to keep this offer from purdue pharma in that context. purdue pharma made $35 billion from the sale of oxycontin. >> so theyre offering roughly a third of what they made on that one drug as their payment to make all of their legal liability go away? >> yes. and i, you know, i caution that this is a -- this is just the proposal tha...

Economic advisers estimates the opioid crisiss cost hid $504 billion in 2015. that takes into account a lot of costs you have to take into account including hospital workers, first responders, criminal justice officials, ambulance runs, productivity, help for parents of children or in this case children of parents who overdosed. joining me is laura strickler who has the latest on the story. tell us about this deal. at first blush that seems like a very, very big offer, 10 to 12 billion dollars, ...

With a b dollars two i say $504 billion. either one is not acceptable. we are doing that and is working out really well. i just came on stage and i was told that kim jong un said some terrific things about me. he said i have faith in president trump. think of this. you dont hear that. [applause] and just moments ago they put os that he said very strongly thatn we want to denuclearize north korea during president trumps tenure. that is the nicest -- it just said it, just set it. in the meantime, ...

Its 375. some people, depending on your formula, $375 billion. it could be $504 billion. its a tremendous amount of money being taken out of our economy. we have to straighten it out now. whats happening, we put steel tariffs on. our steel industry is going through the roof. u.s. steel just announced theyre expanding or building six new facilities. last night in south carolina, right -- go ahead, georgetown steel. the factory has been closed, the plant has been closed for how long, lindsey? >> a...

Trade. china is very serious. were very serious. we have no choice but to be very serious. you know we have put on very substantial tariffs. and that will continue unless we make a trade deal. i think were -- we have got a very good chance of making a deal. as you know, they just stated president xi, terrific guy and friend of mine, but hes representing china and im representing the united states. president xi made a speech four days ago where he said china will be opened up. it is not opened up...

We have no choice but to be very serious. you know weve put on very substantial tariffs. and that will continue unless we make a trade deal. i think were -- weve got a very good chance of making a deal. as you know, theyve just stated president xi, a terrific guy and a friend of mine, but hes representing china and im representing the united states. president xi made a speech four days ago where he said that china is going to be opened up. its not opened up right now. they trade with us. we cant...

>> jon: a fox news alert. were going to keep a close eye on the dow after a 700-plus point drop yesterday. right now its a little less than 10% of that back. about 47 points up. meantime, fears of a possible trade war between the u.s. and china continue to spread across the globe. this comes after president trump announced tariffs on chinese imports yesterday. >> were losing $375 billion with china. it could be $504 billion depending on the way you count. no matter how you count, its bad. were d...

Willing and egor to take our share of the chinese market. >> china is considering a 15% tariff on american exportis. plus 25% on pork and aluminum. china drafted a list of 128 american products tell target in the future should the u.s. and china fail to reach a trade agreement. >> we could loose 504-billion dollars with china. its bad. >> in addition to the disputes over hard goods, the 2 sides are clashing over the tech sector. alarming signs of a major fallout emerged. the administration block...