. >> russia, pro-russian separatists and ukraine must adhere to an immediate cease-fire. evidence must not be tampered with, investigators need to access the crash site and the solemn task of returning those who were lost on board the plane to their loved ones needs to go forward immediately. >> hi, everybody, i'm liz mcdonald in for neil cavuto. as international outrage continues to bear down on russia, our president is calling for an international investigation and the question for the white house and u.s. lawmakers now is this.

should the united states tighten even further the administration's sanctions against russia? use hashtag cavuto to tell us your thoughts. we're going to take this issue to our fox business all-stars. mercedes, rick ungar, kayleigh mcenany. do you think they should tighten sanctions further? >> they made -- the obama administration made a right stop here. they're definitely by tightening the sanctions and barring these russian companies from accessing u.s. capital funding, i believe it could and surely slow down the russian economy. let's keep in mind, putin has one goal, that goal is to take over ukraine. so he -- you know this evil empire came out and said the sanction were evil, but again, it's surely not going to be enough to stop what he's planning to do, what he wants to do which is take over ukraine. again, we're going to need

further sanctions, there's more that we can do to basically put a lot more economic pressure on russia. >> good point, and rick, they want assets as oil, gas, i don't want to be too windy here, i want to give the lay of the land for the viewer. russia is about a seventh of the size of the united states. it's considered an emerging market on the level of thailand. pepsico, ford, gm, they want to get there to get business going. the russian gdp is at a 2.5 trillion bucks. when we talk about trade with russia, it doesn't rank in the top 15 of u.s. trading partners. >> that's right. that cuts both ways. we have to make a separation with what's going on. we can talk about the situation as it existed before yesterday, and the situation as it exists today. look, i'm hearing there was one american on this airplane.

>> right. >> if that's true, sanctions don't do it for me. it's got to be a lot more than that. this is a fox liberal turning into a hawk. >> dutch american descent, right? >> yeah. >> if it's somebody who lived here, you do not kill americans and get sanctions. >> you are turning hawkish on us. >> this is where i draw the line. you can be reserved and careful in foreign policy when. somebody kills an american, by shooting down a plane unlawfully. >> kaylee, russia reacted and the potential to freeze assets in march. they said this was bullying. we have high preventive reaction if we freeze assets it will take down the u.s. stock market. people aren't saying that on wall street in a serious way. the markets are in trillions of dollars. we're talking about tense of

billions of dollars of assets potentially. the size of the russian economy is 2.5 trillion. we're talking about oil and gas with europe. what are your thoughts there. >> i agree with you both, i agree with rick that sanctions don't go far enough. they target companies and individuals, i want to target economic sectors. after yesterday the sanctions don't go far enough. beyond that, if i were the president, instead of giving 300,000 ready to eat meals to ukraine, give them lethal weaponry to combat the forces. arm them, these are not syrian rebels. >> remember when al qaeda said we're going to go after the capital structure of the united states. sanctions didn't work and it didn't happen. you know what, want to take it to you, russia's debt is at junk status. the oil and gas, mercedes as you pointed out, and rightfully so and also our panelists, oil and gas props up the putin

regime. it's the lifeblood of his regime and the other issue is if we freeze assets, if we really go after the banking and oil and gas sectors, how does russia react? does it go deeper into the arms of china? >> we have one point we haven't mentioned which are the europeans. europeans have been so weak in terms of sanctions, they are so nervous and i can assure you that putin is thinking let's see how cold of a winter the europeans are going to go through if they go forth with very strong sanctions? basically our unilateral sanctions are surely not going to be enough and the fact that europeans are hesitant and not necessarily stepping up to the plate gives putin the ability to basically stay strong. >> mercedes, you got to come back, rick, i want to stick with you because mercedes makes a great point. if europe has been timid about this in terms of oil and gas supply from russia.

russia is a big player there. >> they probably should be doing. that we have to be fair to europe. i was going to say this in response to mercedes. they have enormously larger amount on the line than we do. i agree, we are not going to suffer a bit from any sanctions. >> will it take down the markets if we freeze the assets? >> not a chance. a ridiculous suggestion, europe on the other hand, they are our allies, they have a great deal to lose. it's a little bit unrealistic. >> come back later in the show. coming up, who's responsible for the malaysian airlines crash. this is a mystery. take a listen. >> the minor group has just shot down an airplane, it's come down. pilots, where are the pilots? >> intercepted ukrainian intelligence, quote, may have the answer. first, did you see this "new york times" headline calling grover norquist's group

extremists for wanting to cut your taxes. what do you think grover thinks about this? look at him. there he is. he's going fire back right after the break.

really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business. ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us.

. liz: is it kind looking almost balding man, is he really an extremist? he's coming up next. the "new york times" says republicans won't raiselet gas tax because they are afraid of violating a no increase pledge. here to respond is americas for taxes, president grover norquist. i said when you were balding, i apologize, are you? >> i suppose we all are at some point. i'm doing okay for a moment. liz: you are a nice looking man and don't look like an extremist to me. what do you make of the "new york times" quote? >> i think they were trying to put as many errors into 1 1/2 sentences as you can think of. the taxpayer protection pledge i created in 1985, so that people who wanted to pass tax reform in '86 could look american people in the eye and say i've committed that i'll

vote against anything that's in that tax increase. i'm for reform, but i'll stop the the reform from being a trojan horse for a tax increase. with that we had 100 members in the house, 20 in the senate. we were able to convince congress, the american people to move forward on a good tax reform package because we were protected against a tax increase. that pledge was so successful it's continued. the pledge is to the american people, not to me. if the "new york times" learned to read or read the pledge they were criticizing, they'd know it's a pledge to the american people by an elected official, i'm not going to raise your taxes. >> what you are talking about is all americans are sitting there looking at federal, state, local tax bill and seeing 50, 60%, maybe higher depending where they live. i want to get to the highway trust fund. that was what was at issue here. and essentially there's a lot of people upset, the highway

trust fund is going to go seriously bust this year, it's already insolvent. i think what taxpayers want to pay taxes, but i'm not sure taxpayers understand how the highway trust fund money has been spent. do you know how it has been spent? >> yes, and here's the problem. federal government, gas tax 18 cents a gallon. 25% of that cost is because of the david-bacon act which forces contractors who build and repair roads to pay the highest possible rates, union rates. if you didn't have that law, it would cost about 25% less to build roads. so why are we running out of money? because there's a law that requires companies to be inefficient and to hire union expensive labor rather than nonunion labor. liz: you're talking about fixing roads and bridges, the highway trust fund money goes in terms of overpayments to workers who fix the roads and

bridges. let me back up, i'm looking at data that says when you looked at highway trust fund. 20% is spent on transit projects like amtrak and 80% towards roads and bridges, and the money, is it still going towards bike paths, national parks, museums and bridal paths? >> the politicians know they can get americans to agree to pay for roads. people want to pay for roads. they say okay you pay for roads and siphon the money off. a lot of it goes to light rail that very few people use, it subsidizes subway systems that a lot of people choose not to use. if you live in montana they don't have subways, but you get on pay for other people's subways and includes bike paths and things you and i look at and say that's not a road, that's not a highway. people who pay gas taxes think they're buying roads. liz: this is like a mirror

image of the stimulus package. the president was saying we're going to fix infrastructure but stimulus, less than 10% went to roads and bridges and waste water projects and things like that, right? >> they tell you they're going to spend it on roads, that's what people want to hear and spend it on other things. if they would sort through what they claim to be spending on roads, there's more than enough money without a tax increase. liz: grover norquist, so good to be with you sir. you got a full head of hair there. i don't know what i was saying. sorry about that. hope you have a good weekend. coming up as international problems heat up over there, is the president losing sight of what's going on here. protest hell in u.s. cities against what they call an illegal migrant invasion. and one of the protest organizers joins us next with the very latest. don't go away.. >> more secure. >> secure. >> secure. >> secure.

>> the border is secure. unlimited cash back. let that phrase sit with you for a second. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one. unlimited 1.5% cash back on everything you purchase, every day. don't settle for anything less. i'll keep asking. what's in your wallet? we're changing the way we do business, with startup ny. i'll keep asking. we've created tax free zones throughout the state. and startup ny companies will be investing

hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov

. >> we have strengthened border security beyond what many believed was possible. >> the border is more secure now than it has been ever. our border is secure, more secure than ever before. >> the borders today is more secure than it has ever been. >> is the border secure? >> well, i will tell you that there are more resources that are dedicated to the border right now in securing it than there ever has been. liz: okay, if the border is secure, why is my next guest so angry? calling in a national day of protests. citizens taking to the streets across the country in response to the government's handling of

the ongoing immigration crisis, and my next guest is one of the organizers. he's americans for legal immigration president william geenes, this was a pack that your organization is a pac, and you're the president of it. >> political action committee, and we're having protests in over 320 cities and towns across the country or locations across the country today and tomorrow to speak out against the obama inspired illegal immigrant surge happening in our borders and the obama secret buses and plane flights where obama is trying to engage in scandalous human smuggling and bring them in to the country to disperse them where the chances to locate them or return them are slim. liz: smuggling sounds like something the administration wants to do, that's illegal. we want to bring people into help them. >> ma'am, we believe that obama

violates the constitution article 4 against invasion, we believe that what obama is doing violates numerous laws and the intent of the laws and obama is keeping them secret and imitating the smuggler operations in many ways. liz: i'm not sure it's smuggling. >> it's our opinion he is engaging in a form of human smuggling. liz: okay, fine. let's -- let me just ask you beyond the smuggling part of it. let's move on from. that i hear what you're saying, i think people find that questionable. >> i think people can make their own mind up, ma'am. we stopped the buses. we're trying to stop the buses to let illegal immigrants in. liz: i get your point. what are you hearing that is going on in cities and across the country. what are you seeing and hearing that is happening with the illegal immigrants coming into the country? >> our american defenders in

murrieta, california and oracle, arizona stopped and turned back the buses and the illegals have been prevented from going into towns and counties where people found out the illegals are coming. the americans stood up and said you're not going to do that in our communities. we're trying to get people to replicate, we have 320 protests going on today and tomorrow and we'd like for people to participate. americans for legal immigration. liz: william, interesting thing came up, i think you're saying it's putting stresses on the local school system, on the local hospitals, local resources of towns and cities and states, and states have to ad her to balanced budget laws. they can't deficit finance like the federal government does. let me get your reaction to this just in the state of baltimore. you have senators barbara mikulski saying let's house temporarily the illegal immigrants and children in

abandoned federal buildings that's near highway traffic jams. that means you're putting five-year-olds in danger of being near traffic. what do you think of the decision-making that's going on even at that level as well? >> i think illegal immigration harms americans in many different ways and most americans know. that a lot of the people they're bringing in are not children. most of the illegals are coming in and telling people at border they're coming because obama wants them and will take care of them and they're right. we think this is obama inspired invasion of united states of america and incumbent upon all citizens and federal employees to disregard any type of unconstitutional orders to join our protest and take that groundswell of activity out there at the protests today and turn it into real change in the 2014 elections where we have gop primaries and general elections where we intend to remove many immigration reform amnesty supporters responsible from this. liz: william, will you promise to come back and report to uwhas

in the cities across the country? will you do that? >> there are protests today. liz: will you come back on the show-and-tell us what happened, at a later date. >> we need bodies across the country. we need americans to hold flags and speak out against the immigration at 320 locations. liz: thank you for joining us, hope you have a good weekend. next up, the battle over our borders costing more than you think. a new report showing half of all central american immigrants are receiving some kind of u.s. government aid and this is from the center for immigration studies, the organization behind the report. we welcome executive director mark krekorian. sir, what is this databased on? >> this is based on census bureau data. not something we make up. it's the standard data that census bureau uses for unemployment rates and other stuff. what it shows is about half of

central american immigrants of all kind, legal and illegal put together don't have a high school degree, they are high school dropouts. because of that, about half or a little more of central americans live in or near poverty so they don't have a lot of money, and because of that, about half or more depending on the group of central americans, households headed by central american immigrant use at least one welfare program. these aren't moral statements. nobody is bad because they're using food stamps, it's just that when you take poor people into a modern society, they're going to end up being subsidized by the taxpayers. no avoiding it. liz: i want to make it clear to the viewer, if you're talking illegal immigrants getting access to u.s. benefits, what exactly -- what are the types of u.s. government benefits beside food stamps and what else? and how can they qualify for the government help if they don't have a social security number. >> illegal immigrants for

themselves collecting on their own behalf have only a limited number of welfare programs they can get. they can get women, infants and children, nutrition program, emergency medicaid, but what happens is that most of the children born to illegal immigrants in households are, in fact, u.s. citizens because they're born here, and they are qualified for any welfare program. so what happens is they get medicare, medicaid and food stamps are the two big programs they collect on behalf of their kids but your 2-year-old is not using the food stamps, they're for the whole family. liz: so how many, what percentage of illegal immigrants are getting u.s. government help? >> the census bureau doesn't say are you an illegal immigrant yes or no? we looked at central americans, the majority of whom are illegal immigrants. we looked at people from guatemala, honduras and el

salvador. 50 something percent use one federal welfare program. liz: thank you so much, sir, people can get the study that did you on your website. is that true? >> right, cis.org. liz: thank you for joining us, appreciate it, sir. is john mccain right about who is responsible for the malaysian airplane crash? >> the separatists could have only gotten that capability from russia and so the culpable party here is vladimir putin. liz: well, we've got lessons from the gipper how the president should handle the malaysian flight disaster. that's next, don't go away. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity

across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable.

>> make no mistake about it,

this was the soviet union against the world and the moral precepts which guides human relations among people everywhere. it was an act of barbarism one of a society with one fondest regards to individual right and the value of human i and seeks to expand and dominate other nations. >> that was then president ronald reagan on a commercial south korean jetliner carrying 269 people, those individuals died in a plane crash. so that was president reagan reacting. he went on air before the nation to condemn the actions of the soviet union. yesterday here was his first. >> i think it's too early for us to be able to guess what the intentions of those who might have launched this might have

had. and the investigation will be ongoing we want let me correct myself, that was the president earlier today. over to the defense undersecretary who says there are lessons in people can learn. thank you for joining us thank you for having me. >> what lesson can we learn? >> he had the evidence at hand, quite frankly president obama spoke longtime today and didn't say along the lines of anything. mr. obama is playing from abu stack. he's not doing what he needs to do and he's ignoring the evidence of darting eyes and quite frankly i'm pretty it up with everyone talking about all these investigations need to be done. we know what happened and when the missile launches, our satellites would've been able to pinpoint within 100 feet and say who launched it. so they murdered 300 people and that is the intent.

and that's the difference between speaking query and hemming and hawing like he didn't. >> how would he have reacted? >> i don't know that he would let it go on this fark am i think he would've stood with the people of ukraine if it were not to let this go any further. but i don't know that he would have done us work on the war. clearly it is the kind of thing that he doesn't seem capable of doing. >> the intelligence agency leasing information about this crash. i would like for you to listen to the and i'd love to hear your reaction. >> this minor protest shut down an airplane. where are the pilots?

and how many minutes ago was this? >> around 30 minutes ago. what have you got going on there? >> well, in short it is 1% sure that it's a civilian plane. >> of their a lot of people there? >> is bad. >> using this leads back to vladimir putin? >> yes, of course it does, he wasn't there to push the button and launch it, but he gave it to the people who did launch it in their intent is very obvious whether they believe it to be a military aircraft or not, this is one thing that happens only when people intend to kill people. and i think that you have to take into account and someone has to be held accountable. so all these investigations are not going to be held accountable and this is an act of war. there are not any responsible position to do this.

>> is it an accident? >> well, if you push a button that launches this intentionally to kill the airliner, it's an intentional act of war. and they may have thought they were doing this but the fact is what it is. these people have died, which is not a combat of aircraft, but something that has to be dealt led. >> the president has been criticized for not being responded quickly enough. and do remember this campaign when he didn't fly back to washington to be to deal with the bailouts and all of that? isn't an attempt to show strength or is it not working? >> i don't want to defend his

actions whether there is anybody who needs to do this in 2008, but what president obama is doing, he is making appearances and he wants to look presidential, but he has to be a man of substance and he's just not. and those are sanctions that he put forward a merrin not affecting anything or peace to the crimea or anything. but all of these sanctions are just reckless. >> yes, they are being considered symbolic. yankees so much, sir. >> thank you. >> next, check out how this radar screen shot shows those avoiding this raising questions on why they were ever allowed to be there. so could malaysian airlines be held to the fire? we hash it out after this.

the maggots depriving them of the opportunity to be the best person for the job. >> i would argue that the employee had this right of duty to have employer right and duty to have this answer the question. just because you check the box doesn't mean that the person will get hired, so if you have a gentleman who is 25 years old and he's graduated college and he has passed his examination and he is part of this, that is most likely not relevant to his employment. however if you take the other extreme, that would be a truck driver who has been convicted of vehicular manslaughter and he's applying for a driving position. and that could be a danger to the public at large. liz: if someone committed credit card fraud it could be part of that. so i think that small businesses, one of these, i

mean, they want to know who their employees are and who the backgrounds are. >> they have a right to know, but the issue is that people are getting excluded for consid of jobs simply because of this and that's not the right thing or helping these employers to get the full picture. >> why won't the government tell the small business want to do and basically federalize at or criminalize the business, saying that you can't delve further at that gecko, but you have to wait in the job application process before you ask about the criminal background of an applicant. >> i think that it is right, it's helping small business owners because it's giving them the opportunity to be able to see people that are appropriate for the job.

>> the equal employment opportunity has recently updated its guidelines from 1990 and they indicate that it is to be decided on a case-by-case basis with three factors to determine this. >> we can determine that, but basically the guidelines are there are factors to consider. >> okay. next up, could malaysian airlines be held liable from the crash? global flights are now avoiding ukrainian airspace in this is they had approved the route saying that it was safe. you think that they could be responsible for this? >> i absolutely do. i believe that the malaysian government are partially responsible for the death of 298 individual people. >> they had prior notice of the turmoil and violence in that area and in 2014 the united

states and the faa issued a no-fly zone because it was so dangerous and they had an obligation to protect passengers and they avoided that duty. >> i think that i completely 100% disagree. the only people that are responsible for what happened in this incident is an absolute tragedy are the people who fired that rocket or that missile and the people that are backing him, and as people suspect, whatever that may be, malaysia is not responsible for something where they were operating like other commercial operators. >> so the ukrainian military flights shut down, these are civilians, and those are low flying planes, they were not planes that were flying at the

altitude this plane was flying out. >> okay, we need to leave it there, you guys are terrific. let's talk about this. how much would you pay for a dinner with the clintons? find out just how much after this.

liz: welcome back. in our first business links. lunch with bill and hillary can get pretty pricey. that is according to the newark post. spending six figures benefiting the clinton foundation.

>> initially was 250,000 for dinner with the clintons, then it was bumped up to a million dollars because the guy wanted to bring his kids. >> i think this is a lot of waste of money. and so if this is true, they value their time of approximately $832 per minute. >> i don't know how to break it to you, but it is a terrible contribution, made that. and "the new york times" reports. >> that is interesting. what do you make of this story? >> the wealthy businessman

should've talked about this. instead of the 8000 that they had talked about and i think that they have probably provided some good advice and it could've been a copy of her latest book. so it's kind of one of those things where they are trying to raise money. >> wages to second. did they get a photo? >> you know, i believe so. i think that was part of the deal. but i'm not sure. >> okay. >> you guys have to politicize it. >> will anyone say that the clinton foundation, which is who got the money, the that they're not doing the things in the world? >> they are doing some good. at "the new york times" have been running a report it and

they talk about this with the fundraisers. >> they have a million dollars in this and they have had their issues and i feel bad for the kids. they should've made them pay least half price. >> absolutely. >> a market watch columnist that we are in the third biggest stock bubble in market history.

>> we said let's get it right up the hill. >> a guy named andrew smithers predicted the stock bubble in the 1990s and he said stocks would be overvalued by 80% and only five times since 800 -- it's easy from 1802. >> the bloomberg glover thing came out. and they believe that the equitable market is sustainable levels. and they basically believe that they are really on the verge of this bubble. so we should be concerned to see what they do. because once they take a break, the days of easy money are over and that's going to cost a date

rocket. >> i mean, we are talking about this. this is something that many believe, i think it's spiking higher in the markets really retreated. >> yes, with quantitative easing at some point and they have to rein in and i think that we will see stocks coming down. and the federal reserve cannot control that so go ahead. >> yes, we know that they are playing too big of a role in the market and we can see a correction of about 10% of the cave if they do pull out. but how quickly they will do it and what will be the effect. >> the real question is how well

will they manage it and the means to be seen. at this point charles is right and i think the markets do have room to grow. >> so you're saying that earnings are now, a lot of cash on the market. >> yes, it is good. >> it's the one thing that precipitated this inflation. >> in the stock market doesn't have to be a part of this economy and we do have these

underlying policies that are not strong enough and it's impacting a small end medium-size business. >> i'm glad that we are all in agreement. coming up, are we focusing too much on illegal immigrant children and not enough on our own children?

really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business.

liz: we would like to help children. but i think that this is the debate that is getting away from the problems that aren't hand here in the united stated. >> you are absolutely correct. how could we show love and compassion to children or others when we are ignoring our own children where they are oppressed and homeless, how can we do that? >> we all want to help children here in the united states. the issue here is the debate heats up, a lot of people are asking again and again what about american children in the united states. one of four children are living in poverty and here is what you are saying. ani says make sure that you take care of your home first before you try to take care of others. and jeanette says stop sending

money to the places where these people come from and there are so many places here in the united states, help then. and i wonder how the far this goes towards homelessness of american citizens and other says it does not make sense to you the children when our own children are going hungry. am i missing? and newsflash, i think thema was on new democratic voters and finally, don't let them cross the border and we won't have a problem. so we can take care of the needy children in america much less the aliens. so keep that coming, don't forget to use the hash tag computer whenever you do. be sure to please pick up a copy of my new book and when he read you read it, let me know what you think.

here it is hitting the top rankings on amazon. i'm very honored to have written this book in the degree weekend read. thank you for watching. >> what is your biggest fear? is it death or dying or getting hosed? kennedy: the way to sell your lifeless organs without selling costs? we ignore the icy finger of the grim reaper on her shoulder. so as long as you're here, you better get used to the idea that point you will need to fend off who gets to die and who gets to live and who will live to be a thousand years old and how to have your funeral be the funnest ever live. there's so much to look forward to, so take the ultimate journey with us because this is "the inp