BRIAN: ALL RIGHT.

2020 HOPEFUL MICHAEL

BLOOMBERG SAYS HE WILL USE

THE ECONOMY TO TAKE ON

PRESIDENT TRUMP AS THE

BILLIONAIRE PITCHES A NEW

JOBS PLAN.

>> ALL ACROSS AMERICA THERE

ARE PEOPLE IN PLACES THAT

ARE GETTING SHORT-CHANGED BY

AN ECONOMY THAT IS FAILING

TO SPREAD OPPORTUNITY AND BY

A PRESIDENT WHO DOESN'T KEEP

HIS WORD.

THE PRESIDENT SAYS THIS IS

THE GREATEST ECONOMY IN THE

HISTORY OF AMERICA.

IF THE ECONOMY WERE ACTUALLY

HEALTHY, AMERICANS WOULD BE

SEEING IN THEIR POCKETS BUT

THEY ARE NOT.

AINSLEY: BLOOMBERG'S PLAN

DUBBED THE ALL IN ECONOMY

MEASURES TO RAISE THE

MINIMUM WAGE.

GRANT ALL WORKERS THE RIGHTS

TO UNIONIZE AND EXPAND

APPRENTICESHIP DEGREES FOR

STUDENTS.

BRIAN: HERE TO REACT IN

DETAIL IN A WAY WE CAN'T

RELATE TO THE WAY I HEARD IT

GUY, THE HOST OF RETURNING

THE FAVOR ON FACEBOOK WATCH

MIKE ROWE.

STEVE: HI, MIKE.

>> WHAT HAPPENED TO YOU.

BRIAN: I'M NOT SURE.

>> COUPLE BEST SELLING BOOKS

AND OUT OF CONTROL.

BRIAN: MORE THAN A COUPLE.

JUST KIDDING.

YOU ARE VERY RELATABLE.

>> THANK YOU.

PEOPLE LIKE ME.

ASK AROUND.

BRIAN: WHAT DO YOU THINK

MICHAEL BLOOMBERG THINKS WE

ARE MISSING THE BOAT WHEN WE

SAY THAT THE ECONOMY IS

GOOD.

>> LOOK, I READ HIS PLAN.

IT'S KIND OF LIKE A FRUIT

CAKE.

THERE IS SOME STUFF IN IT I

LIKE.

I LIKE THE IDEA OF PUSHING

TECHNICAL TRADES.

I LIKE THE IDEA OF FOCUSING

ON PARTS OF THE COUNTRY THAT

HAVEN'T PARTICIPATED IN THE

ECONOMY THAT WE HAVE.

STEVE: RIGHT.

>> THE MINIMUM WAGE, THE

WHOLE UNINTENDED CONSEQUENCE

THING MAKE ME A LITTLE

NERVOUS.

MOSTLY, HE JUST LOST ME WITH

THAT WHOLE CALIFORNIA IS A

MODEL THING.

LIVING IN CALIFORNIA.

BRIAN: CHINA IS NOT A

COMPETITOR.

>> LOOK, IT'S PROBABLY

BEYOND MY PAY GRADE, BUT MY

UNDERSTANDING WHAT'S GOING

ON IN CALIFORNIA IS

SEEMINGLY DIFFERENT THAN HIS

SO I DON'T GET IT.

STEVE: SPEAKING OF CAUSAL,

THERE WAS

CAERE WAS

CALIE WAS

CALIFOWAS

CALIFORNS

CALIFORNIA THERE WAS AN

ARTICLE THAT SUGGESTED MAYBE

YOU SHOULD BE THE GOVERNOR

IN 2022.

ALLOW ME TO READ PART OF

THIS QUOTE FROM FORBES.

IT SAYS MIKE, PLEASE JUMP IN

THE CALIFORNIA GOVERNOR'S

RACE IN 2022.

YOU ARE THE ONLY CANDIDATE

WHO CAN RESTORE SANITY AND

BALANCE TO CALIFORNIA'S

GOVERNANCE AND YOU CAN WIN.

YOU ARE THIS SEASON'S

SCHWARZENEGGER, VENTURA AND

TRUMP ALL WRAPPED UP INTO

ONE.

WOW, THAT'S A LOT.

>> I DON'T KNOW IF I'M

VENTURA MATERIAL.

[LAUGHTER]

LOOK, IT'S VERY FLATTERING.

THAT GUY RICH CARLGUARD HIS

NAME A PUBLISHER FOR FORBE.

MY FACEBOOK PAGE BLEW UP

WITH THIS AND I READ THE

ARTICLE.

THE TRUTH IS HE MAKES SOME

TERRIFIC POINTS.

I MEAN, CALIFORNIA HAS HAD A

SURPLUS SINCE 2011.

SO I UNDERSTAND WHY PEOPLE

LOOK AT IT AND SAY ALL

RIGHT.

BUT, THEIR CAPITAL GAINS IS

DISPROPORTIONATE PART OF

THEIR STATE 13.3% ALL OF

THAT.

STEVE: LOOK AT HOW MANY

PEOPLE ARE LEAVING THE

STATE.

>> ALL CAP GAINS ARE TIED TO

IS REAL ESTATE AND THE STOCK

MARKET.

THOSE THINGS ARE GOING TO

COME DOWN.

WHEN THEY COME DOWN THAT

MONEY IS GOING TO DRY UP.

MANUFACTURING IS GONE

AEROSPACE IS GONE.

BANKING IS GONE.

ENERGY IS GONE.

AINSLEY: HOMELESS PROBLEM.

>> HOMELESS THING IS ANOTHER

THING, TOO.

AGAIN, I'M JUST LOOKING AT

WHAT IS GOING TO HAPPEN IN A

COUPLE OF YEARS WHEN THINGS

COME BACK TO EARTH, ALL THAT

MONEY DRIES UP.

NOBODY IS TALKING ABOUT

THIS.

CALIFORNIA'S POPULATION IS

AGING 50% FASTER THAN THE

REST OF THE COUNTRY.

PARTLY DUE TO THE EXODUS.

BUT FOR A LOT OF OTHER

REASONS.

SO NOW THE PENSION PLANS ARE

IN PLAY.

AND THEY ARE RUNNING

$140 BILLION DEFICIT.

BRIAN: SOUNDS LIKE YOU ARE

ALMOST READY TO RUN.

OH MY GOODNESS.

STEVE: DECLARATION.

HE IS IN.

>> GETTING A NEW SEASONAL OF

RETURNING THE FAVOR.

AINSLEY: TELL US ABOUT IT

SEASON FOUR.

>> SEASON FOUR.

STEVE: KICKS OFF MONDAY.

>> KICKS OFF MONDAY.

IT'S ON FACEBOOK.

IT'S GOT 350 MILLION VIEWS

OR SOME CRAZY NUMBER.

STEVE: WOW.

>> BIGGER AUDIENCE THAN

DIRTY JOBS DID.

ALL WE DO IS GO TO LITTLE

TOWNS YOU CAN'T FIND ON

MAPS.

WE INTRODUCE TO YOU PEOPLE

WHO LIVE IN COMMUNITIES WHO

ARE SLIGHTLY BETTER THAN YOU

AND ME, ESPECIALLY YOU, AND

SHINE A LIGHT ON THEM AND

REWARD THEM IN A WAY THAT