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Closing at another all-time high. now a political group backed by the billionaire coke brothers said tack players will foot the bill. are they right? gary b. smith and heather are here. gary b.? they definitely koch is right in this cake. newark was offering in the billions, four or five billion works out. 50,000 jobs. 145,000 a job that they re paying amazon. it s footing the bill, state of new jersey, the city of newark. a city that will probably never see that much money returned to it. i think it s horrible idea for the city to do that. trish: it s corporate welfare, right? ....
Build exactly like amazon, they re not helping anything. i m talking about the amount of money they re going after amazon with. it s like oh, we can spend a million to get amazon, i d say go ahead. and it s a million dollars that you re not giving to another business, gary. my point is they will return more than a million dollars economically. is it worth it in terms of incentives. but i d say there s nothing wrong states being as competitive as possible. let s make it fire. time word over to heather. is it fair? i guess what is worse is that it s not disclosed. a lot of the states have kept it secret. so for the people to decide you and i and gary and hitha, we can t decide if it works out and if it s fair if the states don t disclose what incentives they are giving big corporations like amazon. trish: by the way, i don t think i have ever seen gary b. in person. it s rare. me neither. ....
Were had the washington state of the union address and it will raise our carrying cost for all this debt, 20 trillion in debt but it could cost hundreds of millions of dollars, we ve got gary b. smooth, deirdre bolton, adam adam lashinsky, it is a valid point he s raising it doesn t take much to make that debt pricey. it does not at all and i think this is the danger also of president trump tying his economic or administration success to the stock market, but as you say, it is going to make the debt more pricey and i think we re now the top five if you put us on a list of all of the industrial economies we re on the top five of better nations. neil: but we ve had some rip roaring markets. gary b., one of the thins he was warning about that we have to be aware that interest rates were are ridiculously low and unrealistically so, so even if we get back to equilibrium that ....
Horizon unless there s a geo-political event in north korea or pakistan, there s not a geo-political event anything on the horizon or event horizon that looks to derail this economy. the only thing that worries me is china exported deflation for so many years and starting now to export inflation and i think six to 18 months we could see that we re seeing all prices up 50% in a year copper is up 31% starting to see some commodity inflation but that looks to be six to 18 months off and looks like according to the last interview it looks like smooth selling for the next one to three years for the foreseeable future. neil: you know, gary b., you look at the markets and they look kind of bullet proof right now. there s always an outside of that that undo these things whether in 87 if they are given over portfolio insurance or whether you could protect your investment through a short course that was a foolish notion then and it s deemed that now but is there anything on the horizon that you ....
Fact that yeah, maybe these families are getting these bonuses now or seeing wage increases now, but there s no guarantee that s going to be the case in the long term. neil: so you re still a missouri here, show me. yes! neil: we are showing a lot of the companies that are sharing the loop. is it your sense, gary b., that they will continue to do so, that list will grow? i do. i think primarily good or bad from a public relations standpoint it s certainly the right thing to do but m importantly as companies see greater wealth in return to the tax cuts they re going to grow and expand so the real winners are going to be these companies that grow and have to start to compete for workers, so it s not just this money they re giving back. it s the fact that i eventually see their wealth creating a demand for more workers and then wages and salaries goes up. that s the real benefit, neil. ....