trump says everyone that went to jeb's rally fell asleep. just another day on the campaign trail. first we want to point you directly to the markets, that is off almost 2% on the dow. 342 points lower on the dow. dipping below 17,000. lowest level of year. trading lowest level since october. [closing bell rings] it was a tough day for the bulls. david: dow fell below 300 point level t kept going and didn't stop until it ended up about 355 right now. it does look like it may settle below 17,000. major average, ending day at multi-month lows. the biggest, the lowest level for the whole year. for more on the big selloff, scott martin, united advisors chief market strategist and fox news contributor and james frischling, at new oak capital. scott, start with you. start with the nasdaq.

let's start with the nasdaq. that was hurt more than any other index. why? >> david, there is a lot of high beta, meaning active stocks in there frankly. i tell you why else. the nasdaq had been pretty strong for the first half of this year. that was the place you could have gone as an investor and hidden out during periods of volatile. guess what? what is happening now? this is a different market than a few months ago. with the fed in play now. certainly issues in china. so the new market doesn't like the tech stocks. it doesn't like these high beta names. i've been on the show several weeks in a row talking about boring stuff out there, including consumer staples, utilities, things that have tried and true, strong earnings, balance sheets, but are not fun to own when the market goes up but on days like today are acting pretty well. those are days you should look to add to the portfolio if tech stocks make you nervous. david: you lost less if you had

those stocks but you still lost. james, are we ready for bounceback. people looking at 16,000 on the dow think, gee, that is actually a bargain. >> i was enthused by existing home sales which hit a very good level. traders did not step into this market to buy this dip. to scott's point. he talked about the fed. global weakness in growth. i'm pretty boring i appreciate boring names will be back in vogue. i'm not the high beta guy but i think oil is still trying to find new lows. supply demand equation is really perfect storm for lower oil prices. then you have the fed talk if they raise rates you will still concern or little growth there is. if they don't raise rates the concern what does the fed know we don't know. so it is sort of a double-edged sword. at these levels there are folks looking to spend money to get involved. it is tough to find reentry point.

we might have seen it with dow touching below 17-k. david: scott, i wonder if the fed look as the market and say what do they know we don't know? do you think the fed will be inches influenced by today's action? >> i don't think today but if it continues yes. i think the fed is freaked out. to jimmy's point there are reasons they could raise rates and there are wishes fed believe it or not wish they could cut rates. the rates have been zero for a very long time. they are in a tough spot. minutes leaked out. there was huge reaction. re wallried 15 handles in s&p only to give it all back. the market is telling the fed you're in a tough spot. we don't know what you're going to do and you probably don't know what you're going to do. david: real quickly, james, is it possible if the fed is spooked the way scott is mentioning it will never raise rates? >> i think it is possible.

i think the fed will do a diminimus raise and do one and done. david: thank you very much. we have earnings alert. gap out with second quarter results. gerri willis has the numbers. how do they look, david? >> that's right, david. eps came in as expected 64 cents a share adjusted. revenue though, lower. they came in lower 3.90. disappointment on bottom line. the company has been experiencing a lot of trouble last few months. the stock is down 8% for the month. 11.5% last three months. it is down 2% today. trending downward as they struggle with same-store sales. big gaps during the worst, gap and banana republic. they even have a new ceo, guys. this company struggling to hang on. they have announced closing of 115 stores. they have cut some -- 175 stores. they cut 200 corporate jobs. focusing on stores that are doing best for the company. they have a long way to go. there are brands very popular in

their mix. old navy, intermix, doing very well. athleta, a new name for them. they're trying to do new stuff. i will pour through the earnings release, the statement, to find other details. david: thank you, gerri. melissa: let's bring our panel back for more reaction right now. scott, let me start with you. they missed on revenue. they have been really struggling with the idea that consumers are not loving their trends, they're not loving their stores. they complain about quality. this is almost in line, a little shy. what do you make of it? >> i think it just shows, melissa, that the retail business, whether you're reporting earnings or just trying to sell apparel or goods is really tough right now. i think the consumer, even though we have had massive energy price cut has not really shown up to open their wallets. whether grocery stores or coffee shops or the gap in general. or other retail stores.

anything consumer discretionary related or even retail space. macy's nordstrom, big box stores have tough time jet target has done okay. really hard to pick winners in this space. we're frankly out of it completely because it is really heart to parse. melissa: james this is exactly where the consumer should have shown up. that is a great point. old navy at the low end. gas prices should have big impact there. they should have seen the boost. what does it say about gap they did not? >> i think they're still executing a consolidation story. they have to find right balance between brick and mortar. they know how important online is. they're closing stores that weren't making money. they're starting to make progress there. gap is not a fantastic growth story. it's not. hate to use the word boring again. it's a staple. they actually have, i think to me, they have a brand like a atltletica they could drop and sell.

they treat shareholders well. at this price they're interesting. they're not big growth story. people looking for home run with the gap, wrong place to be. melissa: scott, let me turn back to the broader market selloff today. a lot of it was inspired by oil. we talk about it as it breaks down to the consumer. it can break down both ways. either a huge boost for consumers. they buy a lot which we're not seeing here or it's a warning sign. a canary in the coal mine of the slow down in the global economy. what do you think oil is telling us right now. unfortunately think it is latter of that. it is a sign that there is really destruction in global growth. i wouldn't even just stop at oil, melissa. i think canary in the coal mine is copper colored. it is copper prices telling you that -- melissa: hang on right there. i love what you're saying. hewlett-packard earnings are in. we want to go to adam shapiro on that number. we'll go back to the thought. tell us about hewlett-packard. >> hewlett-packard shares are trading up slightly.

earnings per share, adjusted eps was 88 cents. street was expecting 85 cents. revenue just a slight miss, 25.3 billion. street was expecting 25.44 billion. ceo meg whitman is very pleased we continued to deliver results we said we would while remaining on track to execute one of the largest and most complex separations ever undertaken. back to you. david: let's go back to our panel on hewlett-packard. james we had another miss on revenue. looks like a pattern. >> yeah. i think hewlett-packard, they're facing declining pc market and an 11% of their sales come from china. i don't think anyone believes that china was going to surprise to the upside. i actually think this was somewhat scripted. so the miss is the not really a surprise to me. they're in a tough spot. again for those two main reasons. i will add, strong dollar, hp is one of companies, there are many of them, clearly global companies that will face real

headwind from the strong dollar and costs internationally. david: scott, this is what the fed is looking at i believe. they have announced they will take into consideration, not one of their mandates, they will take into consideration the devaluations that are going on around the world. how that might hurt our companies trying to sell to the rest of the world. >> i was thinking the same thing, david. when jimmy was talking about, because, let's face it, the dollar has had a massive, massive move over the last year. vis-a-vis your favorite currency, it could be up over 20% f you're thinking about those companies in the s&p 500 that you own in your 401(k), all the revenues those companies get overseas which in some cases is 45 to 50%, guess what? that that's going to impact those revenues very, very deeply. that only gets worse if the fed raises interest rates which is why again i don't think they have the onions to do it. melissa: james, do you agree with that? >> again on rate comment i think

they have signaled i understand why they shouldn't and people will be annoyed if they do and i think they are. i think they will do a little bit and be done with it. melissa: does that have stalling effect? that seems to be what the market is signaling here, we're going to stall if you raise rates as planned, they can't handle it. >> think you're right. almost like the market is showing the fed, if you do this, this is reaction. >> they're tempting. >> there is so much signaling. i think they have to move or risk credibility or signaling things are so much worse or so fragile they can't do anything. melissa: the second one, yeah. interesting. david: wow. the dow is below 7,000 by the final settle. >> the 17. david: below 17. the nasdaq well below five thousand. gentlemen, thank you very much. meanwhile we're looking at other stories. second hit to ashley madison and its private clients. hackers release a new batch of

information on that infidelity site. melissa: donald trump now on cover of "time" magazine. hear what he says will be the first thing he will tackle as president. he is already planning. david: wait until you hear how much money lebron james makes from a single tweet. ♪ we live in a world of mobile technology, but it is not the device that is mobile, it is you.

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we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this. melissa: selloff on wall street. investors filing nervous. vix at six-week high. volume slightly higher than one month average. adam shapiro on floor of new york stock exchange with more on this one. quite a day, adam. >> it has been quite a day, especially last hour of trading session. let's talk about you don't want to say historic moments but put it in context. we're at lowest close since october of 2014. first time we closed below

17,000 since that moment, october 30th. we were down 35point. look at s&p 500, -- 358 points. s&p 500 lowest close since february 2nd. we're down, 2035. lowest close we had on the s&p 500 was back in march. now we beat that. back in march 11th, 2040. nasdaq was down 141 points. roughly down 2.8%. one of the biggest losers although they trade here at new york stock exchange, twitter. it fell below its ipo price of $26. that was offering price. at one point it traded at $25.92 it managessed to close above $26. it is having real tough time since announcing the c-suite shake up. not a happy day on wall street. back to you. melissa: unless you're a bear. thanks so much. alarming news on president obama's nuclear deal with iran

as we hear reports that iran gets to pick its own people to investigate potential nuclear sites? critics sounding off. here is what donald trump told our own maria bartiromo. >> look, one. worst deals i have ever seen. like negotiated by babies, inept people. now on top of everything else. on top of 24 days and long period before you get to the 24 days on top of not getting our prisoners back on top of all of the other things, the 25 different points, they can inspect their own site? i mean you must be kidding. melissa: fox news's john huddy is in jerusalem with more on this one. john? >> reporter: melissa, lindsey graham almost like allowing inmates to run the jail. this is fueling a lot of concerns whether iran is afforded too much leeway and ability to essentially police itself.

associated press, ap publish ad story, deal between iran and iaea, international atomic energy agency, allows iran's own experts to inspect what is called the parchin military site. this is a location 20 miles southeast of tehran that both u.s. and israel suspected being used for nuclear research in the past. under this secret deal as it is being called, the app reports that iran would provide photos and videos to iaea inspectors of the parchin site, of the location that iran main tans has been dormant for 10 years and that was never used for nuclear research. really the question is whether iran will essentially be straight up about the information it is providing to the iaea and whether that information will be truly accurate. now house speaker john boehner was among those extremely critical of this agreement. he released a statement about it saying, quote, why haven't these

secret side agreements been provided to congress and american people for review? why should iran be trusted to carry out its own nuclear inspections at a military site it tried to high from the world, end quote. iaea secretary-general is firing back. in a statement he said he was disturbinged by the ap story and went on to say it misrepresented way we will undertake this important verification work. he doesn't elaborate what indeed that work will entail. that stayed though, the obama administration that iran will be involved with the inspection of this particular site. melissa? melissa: he didn't go ahead and deny it in that denial. very interesting. john huddy, thank you very much. david: non-denial denial. we've heard those -- before. concerning news as forecasters up grade danny to hurricane. the storm had maximum stained

winds of 75 miles an hour, making it a category 1 hurricane, just enough to clear the bar. this is the first hurricane of the season. way out in the atlantic ocean pretty much right on time. average day of first formation is typically august 16th. biden jumps, hillary slides. latest polls what they may say or may not say about the 2016 race. jon podhoretz is here to talk about that. plus the swag primary. the rnc taking aim at hillary clinton's email scandal andnk making money at it. ♪ it's a fact. kind of like shopping hungry equals overshopping. can a a subconscious. mind? a knack for predicting the future. reflexes faster than the speed of thought.

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david. david: business alert. greece prime minister alexis tsipras handing in his resignation today. that will clear the way for early national elections. that will be on september 20th. there are deep divisions in his left-wing party following latest bailout deal with the europeans. tsipras hopes new elections will help him win stronger mandate to win austerity measures. home sales here rising third straight month in july. accelerating fastest pace since 2007. south and west offered biggest sales increase. maker of female viagra is swallowed up. sprout, the controversial pink pill, addiy. investors worried about side-effects and insurance coverage. don't miss the ceo cindy white

ahead tomorrow at 7:00 with maria bartiromo. melissa: no, you can not. "quinnepiac poll," donald trump tops two of the three. my next guest says you know what? the polls are junk. joining my "new york post" columnist, jpod. joan podhoretz. i love your article. the trump is in the lead, these polls are junk. instead of saying why they don't make sense you went to the math. this is what i love. drilled down on cnn poll. >> anyone that has to rely on me for math is making large mistake. i turned to people who can do it better than i can. melissa: you got someone to do math an included in articl >> i discussed it with washington polling experts who helped me understand in some of the polls that have been issued recently, they are statistically extremely unsound. melissa: here is one of the salient details. the problem with the cnn poll

that came out, it says a 2% of the th say they're going to vote in the gop primaries. as you point out, quote, that is insane. >> right. melissa: because 10%. >> in 2012, 10% of the electorate vote in the the primaries. melissa: all of sudden 52%. >> even worse there is cnn poll of iowa that suggestions that something like 5 interest%, 62% of those polled, would vote or appear, stand up at iowa caucuses. that number in 2012? it was 2 1/2%. therefore, the cnn poll oversurveyed by a factor of 25. melissa: should we pay attention to any of these? should we care at all? >> look in aggregate, look at all polls together you can draw certain kinds of conclusions like, donald trump is ahead in every poll, therefore we can presume that donald trump is ahead. then there is a second question you need to ask, which is, this

is august. there is not going be anybody voting till january. in 2011 in august leader in the polls in republican primary was rudy giuliani 32%. in august 2011, the leader was rick perry who didn't make it to iowa. melissa: that is the point other candidates make about trump. reason polls are inaccurate, we don't answer our phones. way they collect data, quinnepiac gotten ahold of me once. i was a democrat that left the party that i didn't believe in global warming. i was making fun with them. that is not true. >> polling relies on need to get what is called a random sample that is statistically accurate for the united states, right? pollsters who use, old timing polling methods get 8% of the people they call to respond. 8%. this means that it is almost

imfor them to get a statistically reliable sample. melissa: jpod, always voice of reason. i love you. david, over to you. david: self-inspections for iran. what could possibly go wrong there, right? lawmakers blasting the stunning report as a quote, dangerous farce. >> who is behind the wheel at uber? new allegations that billion dollar company fails to screen out drivers with criminal records. ♪ ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?

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melissa: steep losses across the board for the stocks. you dow and s&p down 2%, now negative for the year. along with transports and russell 2000, yikes! the tech sector one of the biggest losers with major declines names like netflix and gopro and twitter and tesla and facebook. boy the tech team there down big. in fact twitter falling below its ipo for first time ever. 26 bucks a share. disney biggest loser on the dow. bernstein downgraded them to market perform from outperform. that pressured entire media sector. i guess they haven't heard "star wars" is coming. david: right. still held on, 100.02.

three digits. opposition to president obama's nuclear deal iran flaring on word after secret deal to let iran inspect its own sites. jim walsh was a person who testified in front of congress a week ago. stephen yates, former national affairs advisor to vice president dick cheney. byron york, "washington examiner" columnist and fox news contributor. thank you, gentlemen for coming. is there any precedent for allowing you don't trust to inspect something on their own? >> not like this. it is part of normal process that you would have the target country involved in trying to facilitate inspections. the iaea does have these kinds of bilateral agreements. ben through them in iraq. been through them in north korea and number of other places but this is very, very different in the sense really might as well ask for the ayatollahs to tell us everything is okay. david: they have responded.

they're saying as quoted heres as said previously by agency separate road map is safeguarded and accountal. we have legal obligation to protect them and can not discuss or comment on their content. sort after non-denial denial. i'm wondering if as the details of this side deal are enunciate ed further votes will change even among some democrats who said they are for the deal? >> well it could. and vote counting is where it's at right now. remember for the senate to pass a measure of disapproval they will have to get 60 votes. there are 54 republicans in the senate. we know of two democrats, menendez and schumer came out publicly against it. another one, wyden, seems to leaning against it that gets you to 57. can they get to 60? i don't know, at least a dozen are undecided. bigger issue whether president obama gets his deal or not, if

it goes to the white house. vetoes it. all he needs, 34 democrats out of 46 to stick with him, and he gets the deal. david: jim this is just one side deal. there are at least two side deals. do you have any idea if the other one or ones are as bad as this? >> i think there is fundamental misunderstanding here i don't really agree characterization is run by iranians. first of all this, is getting at one site related to an iaea investigation about activity that occurred 20 years ago. this is not about verification of the enrichment facilities or the joint comprehensive plan of action whatsoever. it is just wrong to characterize it this way. david: well, steven, the associated press says that they saw a copy of it hold on a second. they have characterized it as such.

is there any reason to discount or disbelief the associated press account. >> yes. david: hold on. hold on. that's for steven. >> 30 minutes ago they released document. david: go ahead, steven. >> obviously a document we haven't seen we can't know what's in it. what it runs crosswise with, entire build that started this resolution of disapproval process to begin with. if there will be a vote we would have vote of approval for a treaty that had to reach a high level. but the vote, this is being brought under, it has legislation that requires any related agreements or documents need to be disclosed with congress. that is it at odds with the iaea process but that is in this law. david: byron, another thing at odds with our journalistic duty, getting a copy of the report. all of this is secret. members of congress have more access than we do but they are

our representatives. this aside, disagreement on this particular report, isn't that one reason why these things should be made public now? >> absolutely. the administration has been reluctant all along to give the stuff to congress, not just make it public. to give it to congress. and. we havehave not had a whole lot of transparency on this yes, the president has authority to do, but clearly a lot of members of congress and possibly bipartisan majority of both houses of congress are very, very skeptical about this deal. they should at least see everything in it. david: sunlight the best disinfectant. good discussion. we appreciate it. melissa. melissa: true conservatives. rumble in new hampshire as jeb bush takes on donald trump. move over frank underwood, there is new ruler in netflix. she has expensive tastes. ♪ you are looking at two airplane fuel gauges.

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david: did you see it? presidential hopeful donald trump weighing in on key issues to our own maria bartiromo this morning. he fired back at his critics and revealed first thing on his agenda if he was elected president. maria here with that scoop. >> thank you so much. i was happy to catch up with donald trump today. we stuck with the issues. we talked about what his plan would be for tax reform, immigration, obamacare and as well as dodd-frank but he also hit on some of the criticisms coming out of the gop, in particular jeb bush's charge that donald trump is in fact not even a conservative. listen to this. >> i've always been a conservative person. and my bent has been conservative. last couple years when i started getting very political i started seeing more and more, that is high leaning and that is my strong leaning. i think people see that. >> a lot of reaction to that interview from our guests as well as the twitterverse. a lot of people wondering what he has to say about the wall and

really implementing his immigration policy. >> i know how to build, i know how to get it done. we'll have a great wall. we'll call it the great wall of trump. we'll have a great wall and it will be, actually it can be a good-looking wall as walls go. >> on tax reform he said the u.s. is the highest tax rates in the industrialized world. he would look to lower taxes on corporate level as well as for the middle class. talked about that and his plans to roll back obamacare. more to come, guys. back to you. melissa: thanks, maria. from jeb to obama care let's bring in my panel to react to trump's comments. byron york and jon podhoretz are back. we have the executive director ever accountability project. i love the talk about the great trump wall. he would have the ad space to sell with his name. you don't need to have mexico pay for it. he will pay for it with ad dollars. i thought it was interesting

what would you do first, he didn't say the wall. he talked about other things. for example a issue near and dear to my heart, tax reform. he said he wanted to lower taxes on everyone, especially corporations and especially the middle class. i will let you go first. what do you think of that. >> i think it is interesting. i'm curious how he will pay for that. will we increase tariffs. melissa: he said he would cut costs everywhere else. as businessman i actually previous him on that one. i think he wouldn't spare anyone. >> i know. this is the problem. he is hilarious. he is hilarious political figure. you can't fire whole departments there. is structure set up in the u.s. constitution that requires congress do x, the president do y. that is the funny part way he is approaching this. he is declaring he will take over the united states and run it as as the trump united states

of america. and which don't do that. that is not how we function. we have the system of checks and balances. melissa: byron york, second thing he talked about was obamacare. one of the first things of agenda in the oval office would be to get rid of it. >> but replace it with something that is probably fairly generous what is this about trump he is conzoo serve tiff, no he is not conservative fight with jeb but, part of trump's appeal he is picked from both sides as far as conservative and liberal policies. clearly sides with conservative independent my graduation policy. on entitlements he is expansive and generous about social security. clearly rejecting paul ryan type reforms. he is picks positions with large numbers about voters regardless whether doctrine nary conservative or liberal.

melissa: you look annoyed and frustrated when we talk about him and his position. i think he loves that. people who support him love the fact that pundits on tv are annoyed and frustrated by him. that smart of his appe, right? >> you talk about keeping social security where it is and all entitlements. how will we pay for that? if you willower taxes across the board you have to find something somewhere, and not getting there by ads on the trump wall along mexico. facts are stubborn and they get lost in the debate. he is definitely moderate, jeb bush is right there when it comes to his history. he polling best with evangelicals. polling best with baseline conservatives. he lost the debate overwhelmingly. conservative voters don't trust him. 52% of conservative voters want to vote for him. i don't understand this election. that is frustrating for pundits.

melissa: as somebody that has taken companies through bankruptcy and found ways to you know, work with all these problems and lost his money and made it back i think he is someone who can find things to cut and make a lot of people furious and would love it. >> byron is better than these numbers things than i am. byron, how many of the federal budget is mandatory spending rather than discretionary? it is like 74%? >> absolutely. melissa: you don't think he would indup touching social security? you don't think he would reform medicare and medicaid? i think the guy who would be willing to take care of it. >> laws are written by congress. melissa: tell president obama that. >> great. there you go. >> if that were the case. >> doesn't work that way. so fine, let everybody enjoy the fantasy that they can get a tv reality guy who once made a nice

skating rink in central park. >> took something that was bankrupt and run by the government and turned into something profitable that everybody likes that skating rink you're talking about. that is not an exact example. that is good point. >> good example -- >> what about cheap apartment with paper thin walls that nobody wants to live in that are rat infested. melissa: where do you nobody wants to live in rat infested? have you been to trump tower. so have i. >> i can hear them in my apartment. david: trump apartment building at all. melissa: they're all over the city, david. hard not to. david: i guess so. for cheating site ashley madison hackers release even more stolen data after posting troves of personal information on the site's private clients. included in the latest leaked information, source code for the website so other hackers can break in as well. plus intern emails from ashley madison's founder noel better mann.

here is the hackers response. hey, noel, you can admit now it is real. buckle up uber the company is back in the hot seat because of flaws in background checking system. the company reportedly hired drivers with pretty nasty criminal records, murder, child abuse and assault. deirdre bolton joining us now with more on this. this is a problem, deirdre. >> it certainly is, david. as you know, when you get in a car with someone you are expecting that driver to be professional. two district attorneys in california are saying uber is misleading its clients. that it is not -- screening drivers as traditionally taxi company would be. there are backgrounds, of 25 drivers in the state of california that these prosecutors say should not have been employed as drivers. so uber obviously has time to respond to this. meantime just one more, call it

a pr problem for this company which certainly has a long list. david: does indeed. deirdre, thank you very much. see you at the top of hour for "risk & reward." melissa. melissa: wipe out. hillary clinton's latest defense over email server. what is classified anyway? our panel weighs in on this one. plus lebron james making money off the court. one tweet from the superstar is about the cost of an average home in the u.s. hmmm. ♪ [ male announcer ] whether it takes 200,000 parts,

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melissa: whether on wall street or main street here who is making and spending money today. netflix, the online streaming company is investing 156 approximately dollars into its

next drama series based on the life of queen elizabeth. the series which will be called, "crown," the most expensive show made by netflix and first filmed in the u.k. netflix is one of the biggest losers in s&p. ending down 8%. that hurts. am many years of requests, palace of versailles may no longer be without a hotel. the french palace management are speaking partners to transform three builds on property to a five-star hotel to boost tourism. i like that. want lebron james to tweet about your product, you better open your wallet. open door specializes in media campaigns from athletes, the tweet from king james has highest value of any u.s. athlete. the price? wait for it. $140,000 a tweet. david: what? for a tweet? the. melissa: people know he was paid anyway, overto you, david. david: new twist in hillary

clinton email scandal. revealing blackberry devices used by two closest aids were likely destroyed. secretary of state clinton was never given any government issued device at all, raising national security questions. let's bring back in byron and nomiki. byron, by the way the judge ordered state department and fbi to enter into a dialogue on information from fbi's investigation into the clinton server flash drives. are we likely to uncover anything from that? >> i think we are. by the blackberry thing we do know, closest aides, huma abedin, cheryl mills, were in on the secret email system. if there is recoverable information from the servers confiscated, perhaps we'll learn more about that important to remember, this was operating

from state department system, when hillary clinton said most of them would be preserved. that is clearly not the case. david: there is no integration at all. it is getting worse, right? >> every democrat has to come with you know what moment with themselves how long are we willing to defend this okay, with all that said there was or procedure here. anybody that works in government, once i finish with a phone device the government has given you you have to give it back to them and you have to clean it. these were destroyed, updated models. david: what about hillary? >> she was using personal server. that is why. david: that's crazy. >> cheryl mills and whoever else was using private email server was using on personal cell phones because the state server is on the state department cell phones. there is a difference. david: byron, this is one of those issues when you hear trum

r donald trump talk about it you it is pretty clear. you have to hear what donald trump says. most people agree with what he says. let's play it. >> she seems, i think they maybe won't prosecute her. a lot of people are watching to see whether or not they're honorable in that respect. if you look at general petraeus is tiny fraction what she has done. those documents were far less important than the documents she is talking about. so many mistakes were made by her and so many lies were made. david: byron, did hillary endanger national security more than petraeus? >> we don't really know that right now but the most important fact in the whole case that the fbi is involved. this is not trey gowdy going after former secretary of state. this is the fbi, really, really important. it does raise pressure on obama administration, they through the

book at david petraeus and let this go? david: raises profile of biden, does it not? >> i guess so. david: all right. thank you, gang. good stuff. >> thank you. david: coming up how republicans are poking fun at hillary and her poor server joke. >> you were the official in charge. did you wipe the server? >> you mean with a cloth or something. >> i don't know. it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data are stored.

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david: last look at selloff. steep losses for the dow ending below seventeen thousand for first time since october. investors feeling very nervous today. so-called fear gauge, the vix at a six-week high. one winner, gold. surprise winner, climbing to a five-week high-ending up over 2%. finally capitalizing on controversy hillary suggested using a cloth to wipe her server. well the republican national

committee fired back at hillary's joke, kind of, by actually selling a hillary-themed cloth. i guess kind to clean your glasses. the ad concludes with a warning. may not fool the fbi. buy the cloth for five bucks on website. that does it for us. "risk & reward" starts right now. deirdre: melissa, david, thank you very much. big moves in the markets today. s&p erased its gains for the year oil fell. gold moved up. on "risk & reward" we have all the angles covered for the next 60 minutes. on new york stock exchange, dow fell to triple digit is, closing 17,000 for first time since october. fox business's adam shapiro. so adam, we know dow, that key index, 7% from the may peak. what did floor traders tell you about the selloff? >> a lot had to do with negative