oil report. have a great night. we will see you on monday. >> good evening. we want to assure you that we're focusing on what matters most to you and as our nation will be focused on the obama scandal and the administration desperate and transparent attempt to divert the attention of this broadcast and the national media as all we can assure you the axelrod's strategy is not going to work here or in washington d.c. where next week the house appropriations committee and that house ways and means committee hold more hearings into hugh is responsible for the ira's targeting of conservative groups and house judiciary chairman

says his committee plans to pass judgment soon whether eric holder committed perjury when he testified and he knew absolutely nothing about the potential prosecution of the press. the attorney general faces a wednesday deadline to answer questions from the judiciary committee and the attorney general meeting with media editors last night talking about agency targeting of reporters. the attorney general expressed regret but did not apologize for snooping on a hundred associated press reporters and tear on james risen. holder claims of commit to change the guidelines for ending leaks and backing the media shield law although the first amendment is the alternate media shield law and the i.r.a. scandal tonight lighting and fox has confirmed theeirs has told a

house g.o.p. investigators they're looking at 88 employees who may have documents relevant to do that targeting investigation. also a report by the irs taxpayer advocate service finds that adoptive parents were improperly targeted in 2012. 90% of taxpayers who claim the adoption tax credit were flagged for further review a 70% going through least a partial audit of their returns. the president promised to hold people accountable but our fox affiliate reports the man who designed many of the intimidating letters was actually promoted. former tax-exempt organizations specialist specialist, bumped up to a supervisor irs agent meanwhile deal on the administration tries to divert public and media attention from a number of scandals now surrounding the

white house. five capital level agencies are right now without the services of inspector general of the departments of state interior liberal when negative labor and security all did not have the internal investigative officials. our first guest when after leaks at the justice department did know administration not even nixon would go after the press like this one. he says the president and attorney general are going after press freedom white noah administration since woodrow wilson. joining us now is christian adams former key part of justice attorney and author of the book did justice. good to have you with us. the talk about going after the press with the press meeting our organization did not participate but others did your reaction?

>> this was a sham and never buy eric holder to get behind closed doors off the record to spin these that decided to go he did not do anything wrong and there is a respect for the press and we know actions speak louder than words with his administration and they clearly don't respect the free press. lou clearll isn't this a discussion between the eight officers and a bank robber of security of a branch? this is peculiar stuff he expresses regret but does not apologize and brings in access but no on the record reporting but it is almost clumsy to almost nonsensical >> it is desperate. things are going so badly lately that you have to do something.

what doo-doo do? you call your friends and a lot of the people who went there today whether "politico" or other organizations or their friends of the obama administration will help them talk their way out of the mass. lou this attorney general already held in contempt of congress leaking parts of those meetings with the whole scandal starts with the it ministration committed and prosecuting officials more than any other president or all the previous presidents combined. this cannot be much closer to farce? >> think about "the washington post" reported they had permission from the justice department to say certain things about the meeting that on the other side you have department using the meeting to spin their way away from the widening scandal it

@%rely doesn't happen in a free country where the press and the government collude like happened today up on the fifth floor at the rfk building. lou: this attorney-general whose credibility is in question is not an odor retreat 70 percent of the most recent quiddity appell said they would purves for a special prosecutor to take over for the irs investigation. this man has a role in nearly all of the scandals in which this white house is embroiled. >> it is time for a special prosecutor because you cannot trust anything about the holder chain of command to do things right or truthful. but the bottom line is eric colder lied under oath. the attorney-general of tell the truth about anot material issue that is

called perjury when you are being asked whether or not you have knowledge of press investigations and you flat out say you never heard of it you are lying under oath and you don't belong as the attorney general of the united states. >> saying he will pass judgment on whether not he will commit perjury very soon. thank you very much. good to have you with us. much more on the off the record meetings with the attorney general and the political fallout on tonight's broadcast. >> a controversial new report showing working moms are increasingly the primary breadwinner. that is a great trend for some working moms but not all. nor for men. the facts in tonight's "chalk talk." may finally kicked in and today the stocks wrapped up

the months to the upside and charles a schwab investor is here with on the market. ♪

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lou: a market sell-off in the and the dow was down 209 points and and stack of 24 in volume of the big board almost 4 billion shares despite sharp losses markets posting gains for the month and a good gains. the dow and s&p up 2% the nasdaq up 4% and with economic news consumer confidence hitting the highest level in nearly six years but consumer spending fell zero-point to% in april the first decline in the year. gold prices are down falling $19 at 1393.

is down over 5% and crude oil down $1.64 just below $92. in the bond market the yield rises at 2.1% in the highest level since april of last year. the outlook for medicare boosted with the new report from medicare trustees saying the program will become solvent 2026 coming to years later than previously estimated thanks to slower health spending. the outlook is unchanged the trust fund will be exhausted 2033 the depletion of reserves will not and the programs which account for almost 40 percent of federal spending but that would trigger sharp reductions of benefits. my next guest says a pullback is a healthy thing for the market but she remains enthusiastic about our prospect of the market and joining us now is chief investment strategist charles schwab liz and saunders. good to have you with us.

that sounds a cautious -- cautious bull statements given given where sentiment is with this sentiment measures that tends to be an enviionment where the of market is ripe for a pullback although with the strong gains we have had but it will not be sinister but we're starting to digest a move by the fed to start tapering off their purchases of them will bring volatility although that is the start of it but too soon to tell. lou: that the fed is making noises but now we start to hear to say forget about it this terror raids stays with us a few can see by the attitude you don't love our idea to take away the punch bowl. >> i do think that puts up a trial balloon to get a sense of the reaction but that said, there is a perception

the fed has a plan, they know timing and they are just sending it out in dribs. i don't think that is the case but i think what bernanke and other fed members talk about is the truth. a lot can happen between now and the consensus that it would be no earlier than the september timeframe but there is no question there is a play trying to figure out what the fed will do. lou: look at the credit market comment the 10 year is off 49 basis points that is dramatic but of the business press but how concerned are you about that and what does that portend? >> we have moved higher about 50 basis points over the last several years and it has not turned into the beginning of a sustainable ride but whether that is the case it is tougher to say

but we may be closer to the point* is generally in the early stages of the environment it does not hurt the stock market you start with little volatility but the bite on stocks does not not, for quite some time and tell fed policy puts on the break not only the stock market and the economy but to represent from a yield prospective competition against the stocks and the move we have seen we are not there yet. lou: is that good things for the market or just bad things for equities? >> we're in an environment where it's generally they're highly correllted. generally the bond yields have gone up as well. i think we stay in that environment is hard to know

what point* you get to a level where that correlation moves to the inverse but we're dealing with the fed whose policy is unprecedented. so that will be unprecedented sova and fed funds rate hike that would be the initial move in the past and we have fivers six steps in the process before we get to that that is quite a bit down the road so we're just taking baby steps. the fed is trying to be incredibly transparent but that could be a misunderstanding in terms of what they're saying not to mention a few get any type of volatility it translates to volatility in the market. lou: as you are suggesting we can say they will be vigilant but not so much the interpretation of what the

witness will be necessarily correct. thank you for being with us. you are always correct. behalf great authors coming up on the broadcast tonight lieutenant-colonel ralph peters will be here to talk about his newest novel and legendary defender of the first amendment the foremost attorney in the country will be here to talk by his new book friend-of-the-court an end tuesday at and is here to discuss the shadowy history his book is the tower of fossil. up next and nipples of just good news for working women it is not all good news and we will show you how this certainly bad news for much of society and i will also respond to a few detractors who don't know what the report said and don't care what the report said that we

will help him along with it and he lost the election but once to be a part of the national conversation mitt romney wants to be back. next. upgraded yo smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. can redeem the double miles i earned wh my venture card to erase recent travel purchases. d witha few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ yyou requested backup? yes. yes i did. what's in your wallet?

lou: earlier this week releasing an important study that mothers who are the sole or primary breadwinners in this country have reached a record 40 percent of households. we had a discussion about it wednesday evening our panelists word doug shown, no juan williams and erik erikson and it created a lot of reaction in the media. my colleagues wrote this in day blanc and a half to''. >> have these men lost their minds? they are my colleagues.

brother maybe i need to have a little chat the next thing they will have the segment to discuss eliminating women's right to vote. lou: are you kidding me? we have known each other a quarter of a century. come on. i expect far more from certainly you and morning joe weighed in this morning. listen to this. >> i will try to counter the argument to say problem with our society or social order whenever it was they are case men. how they cannot take it they cannot handle it. out what is going on? lou: juan williams might have taken exception to her description they were deeply researched on the issues and the report of what happened but i am also deeply offended on behalf of my

makeup artists who goes to great lengths to insure that i don't look pasty. i am offended. items in that very often and i had a follow-up discussion with megan kelly and erik erikson. listen to that. >> why do you say that about women in the work force? >> excuse me let me finish what i am saying zero dominant one. >> excuse me? >> three times as many people in a single parent households are likely to end up with great psychological illness. >> excuse me? >> guess we can't stand by that is not with the debate is about spinning tell people what it is about. lou: and the reference to make an zero dominant one.

it is her show one of the most successful on the network and she is having a discussion about women and men is dominant i just did not get it. having a little fine but the huffingthuffingt on post inside reporter picking up the story but these liberal journalist did not properly read the study and many simply don't understand itt my point* is that the breadwinner moms 63% are single mothers. you heard her say that isn't the point* but it is. if they were simply a matter of women progressing progressing, enjoying the rewards of their education and their hard work no one would celebrate more than i would and i do anyway but i am not the only one who

finds the trend troubling. it is not a values discussion they also ask the question about these numbers 63% single parents say there are more single mothers in a society is a big problem the american public agrees with me. we all want to celebrate but political correctness and nonsense months not dictate we deny reality which is that the disintegration of the family at -- and has a detrimental impact we have to be honest about that because being a single mother is the toughest role one can have and no one come a man or woman should celebrate what is working for some, it is a bonus they earn more than their

husbands and that is great but for some working single moms that is not the reality. on average fare paid $29,000. $29,000. and you're telling me i am not supposed to be concerned about what this study represents or what it means for our country and these women? they have been divorced or widowed or separated 17,400 on average they have never been married and we are talking about 63 percent of the women in custody. marriages one of the best weapons in the war against poverty. nearly 40% of single mother families, a 40 percent that compares to just under 9 percent of married couples with children.

40%, 9%, you decide. that is not the only way in which our citizens, our country is suffering. their knighted dancing like women because most men are falling behind and the reason is their fault. statistics show in 2009 the most recent year available, a 25% fewer men received college degrees and women. it is not balancer simply women moving ahead in society. in part it is because one-third of male students are dropping out of high school and to put it this way if young people do these things coming graduate high school, get a job, get married and wait until they're 21 before they have a baby they have an almost 75 percent chance of making

it inno the middle class. that is something we all want. and all required to listen to one another and read the study put out by other organizations doing important work about who we are in what we're doing and the consequences of the public policy choices we are making. every single american to have an opportunity in this country to get ahead is one of the paramount priorities. and to be given the opportunity to live the american dream. spinet the wounds of for inspire a ucla surgeon to help the wounded hero is a space tradition to the doctor who started operation men and the former marine who became patient zero after talking on television with me. attorney-general holder is a mess he allows leaks about his off the record meeting with journalists about

stopping leaks. the 18 tells us what eric holder really should be doing next. ♪ ♪ [ male announcer ] how do you engineer a true automotive breaktough? ♪ y give it bold styling, unsurpassed luxury and nearly 1,000 improvements. the redesigned 2013 glk.

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lou: a deadly fire alarm fire clay -- claims the lives of four firefighters and five more are hospitalized it started inside a restaurant and quickly spread to do the adjacent hotel and it took three hours to get it under control and strong wind with 90-degree temperatures hampering efforts and local media reports call it the deadliest day in the houston fire department history. the national weather service today confirmed a tornado has touchdown just west of oklahoma city no injuries to report at this hour other parts remain on alert as forecasters warn of the potential for more and large hail. that comes one day after

powerful storms and floods in the region killed at least three people and as many as one dozen touchdown in the regions of arkansas as well as three in oklahoma joining us now the "a team" fox news contributor, and michael -- michael good when in "the weekly standard" executive and i think you deserve a pulitzer as well. [laughter] >> i will take dick. of. >> and what he wishes to change business and trying to shut off the leaks? it is madness. >> it is. he is saying with the off the record meeting with the media executive fact he would revise the guidelines

of dealing with the press but that is not the problem. the justice department ignoring the guidelines. with those from the associated press that you would notify them the you were putting a subpoena for all the records but the justice department did not do that. is eric holder and his assistant that is the problem not the guideline. lou: this seems like holder is ignoring the fact he is the problem does he have such a low opinion of the aggregated media? >> it looks like he is fighting for his job about whether he can tamp down the controversy to get himself off the hook and if he can't the president will have to dump and now the democrats say it is a matter of time he cannot last much longer and i think this is a last ditch effort to save himself

but i would point* out that notice the president did not tell the new irs chief to meet with citizens who were targeted by their agencies only the press gets the royal treatment. lou: he wanted them to meet with reporters not the general counsel does that alarm you? >> meeting with lawyers always alarms me. [laughter] but the problem is that eric holder is not admitting what he did. he signed the warrant, he signed the change that is basically to say if you are soliciting information for someone who has classified information and if you are flattering the source you may be creating espionage. that is what he has to come to grips with and the media has to hold him accountable.

lou: now secretary of state john kerry to talk about the transfer of the russian missiles which some in the national media have reported moved into syria although they have not been no news of the aircraft we do not seem to have a handle on initial reports it turns out now and if it is true just as the israelis said. where are we headed with syria? there are conflicting reports and signals from the administration. >> but one thing that is consistent they put all their eggs in one -- one basket. the russians. they don't want to help they are backing syria. russia has very few client states but syria is about all they have left in the middle east and they will continue to arm them.

doesn't make a difference what john kerry says her and make a difference if they make a conference in geneva in a week or whenever i've talked to a lot of people there isn't a single person who thinks that will get anywhere. the russians are glad to have it but they will not change their policy the administration will have to do something on its own you cannot count on the russians they do not want to help. >> also in the middle east the strong course and a recourse which is syria and russia of them one day we want to arm the rebels when babydoll they are divided it is clear the way it is going obviously syria and russia have the upper hand. >> their are no good guys in the fight there are freedom fighters against the evil regime it is a choice between the iranian-backed group backing the regime and some of the hottest.

i am not sure the president is right to say wait a minute let's not jump in with all 4 feet. lou: then how in the world have we been listening to him for two years saying the aside moscow but it literally makes no sense if you are correct how he simply wasted two years with unfulfilled rhetoric. >> the president has realized that words do have consequences and he is good at making speeches but it is the implementation that is problematic. >> if you did something a year or two ago he could have done something like john mccain kept insisting to set up the no-fly zone but the syrians would not shoot down american airplanes they don't shoot down israeli every -- airplanes if he acted

earlier he could have done something but it may be too late. >> would it is too late because we did nothing now others rushed to answer now is the oxide dead dominated resistance movement so we don't have a friend in this but that is partially are on doing. lou: can you express with the head shake? >> the weakness is a syrian opposition it was always a problem they would not get any stronger. lou: the obama administration stands tall and proud of its policy in the middle east? >> i did not say that. [laughter] lou: thank you. go to our social sites facebook page, or e-mail me lou@loudobbs.com there is a founder of operation and a group that helps nurse the

wounded military members back to health and we'll also talk with the very first patient, as six years ago we met. i cannot wait to see him. we are coming right back.

lou: turning now to the wounded warriors an amazing program that provides reconstructive surgery to service members inspired in part by a conversation between a marine corps corporal on the air talking seven years ago. it is called operation end and the program has treated more than 80 wounded warriors since 2007 and joining us now is marine corporal iraq war veteran and wounded in 2005, the first operation patient and good to see you spinet good

evening. thank you for having me back lou: and the founder is a member of the ucla medical center board. it is great to have you. when we heard you got the idea for this watching us talking i scratched my head and i thought he was such a great spokesman for the red army medical center in san antonio where we met for all of the wounded veterans. i could not be more delighted you found him so inspiring. >> i did. he was exceptional to see him on your program. lou: what has the program meant to you? you travel so far, you were wounded in the attack as i

say you're looking at you across the way, you look amazing. you are back to that rugged marine look that you represented throughout your life. it has been one hell of a journey though? >> half of what we learn is from the journey to get here to there that was just one day in my life and coming from that point* now to have the nearly 60 surgery's over eight years to have a program like operation in mend be there for me as a resource, having served my country and come home and have it serves me in such a unique way to have specialized care is to give me a sense of my humanity of

back to school i was. it is invaluable i cannot think ron or ucla are brooke army medical center everyone who has touched my life along the way including you you, sir. lou: i did nothing. i had the honor to report your story and to get to know you. it is a treasured honor. but let me ask you this. you are receiving many many, various government funding in part, i have to believe people heard me say 80 patients they thought that is in very many but until they meet the people who need the help, that is a huge number and what can we do to help you? >> as you recognize reid deal with very severely injured patients and it is not a single surgery that takes place but basically

like in his case a large number of surgeries and you really have to pay attention to these folks. the services we provide are completely free. everyone that participates gone to ucla and we bring their family because we think the family compound is critical so to be able to care for people like aaron and their families to give them this experience along with all the people in las angeles who have gravitated to these young men and women it is a very? ridinghood community experience. lou:. gerri: to put up on our screen how the viewers could help and i hope that you do operation mend .ucla.edu we hope you will contribute

generously to the wonderful program. it is great to see a partner i am glad you are doing so well and your daughters mean the world to you we wish you the best and will afford to seeing you soon. >> thank you. lou: thank you for all you have done. you continue your good work. up next come the next week former cbo director of congressman who is deciding whether not the attorney general of the united states committed perjury in his testimony and best-selling author colonel ralph peters and we will take a look at his brand new civil war era novel. next.

lou: when next best is a master of the civil war storytelling and in his latest novel he vividly tells the story of the union army pivotal capture of richmond and approaching the weekend you like to give you some idea of a wonderful way in part to spend your weekend. this book represents one entertaining and fascinating way. hello richmond lieutenant-colonel ralph peters. great to have you with us. congratulations on another terrific new book. you chose to focus on that particular part of a war that is incomprehensible to me in the way those people chose to engage dan to talk

about the brutality as they go after richmond give us a sense why you chose the narrow time frame with the significance. >> it is a time frame that period at the center of the book may five, 1864 and june june 3rd, the people they ignore it because it is ugly and bloody and until late world war two the bloodiest month in american history 80,000 american casualties blue and gray in 30 days and i felt today that the reality not just the glory that we often see in the popular media or novels but i get tired of hearing people say our country has never been so divided.

as many as three-quarters of a million americans died in a way to bring them back in touch with the reality of our history in what really took to shape the nation. this is a gram book but my goal is not humble but to right the most realistic history novel that you possibly can and the civil war is so pivotal i want to cut through the bs to give people a pitcher not of men on statues but the flesh and blood that fought to deliver that award. lou: more than 300 men died on both sides of the conflict. it is a strange thing when i looked at a book like yours and is you portrayed combat combat, it is gruesome but it seems to me not the most

noble thing to ignore the sacrifice of the union army because those men were doing something no nation had ever done before with its own citizens to right a terrible wrongs and pursuing self-interest as well but that is a remarkable sacrifice too little and too infrequently do we honor them. >> it is very much leadership's study and double sides i was born in the north and that is where my sympathies lie but the book streisand i strive to be objective because to really communicate with it was light i will put myself as best i can in the mind of the southerners who believed that their cause was noble i don't ever want to the down

part of our history to look dick terrorism but also the dark sides of those events and individuals. %-fascinating individuals. lou: you will find them in your book. as you have written the most recent book you know, much about war and the strategies and personalities how does the modern conflict, and the iraq war or afghanistan war war, what impact does it have on you were all that you have learned through writing as you assess what is happening currently? >> for the infantry every war is as intense as every other so could get the soldiers lining up to fryer

the greatest compliments i get are from veterans that tell me this work for them.nite lou: the book is hell or richmond. good night. you don't get that very often. it seemed like it was more than happy to have us in his s hom. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has re ways to help you find yours. at od, whatever business you're in, that's the business we're in. with premium service like one of e best on-time delivery records and a low claims ratio,

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welcome, everybody, i am neil cavuto. positive ratings are at 48% and it is really startling in that same poll. it probably goes in line with two out of three americans who now have a negative view of the irs.