Skip to main content

tv   After the Bell  FOX Business  June 2, 2016 4:00pm-5:01pm EDT

4:00 pm
nasdaq makes it seven wins in a row. that is the longest streak in 16 months. [closing bell rings] david and melissa for "after the bell." david: stocks ending in the green. dow and s&p up second straight day in a row. nasdaq, longest winning streak in 16 months. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have big names on markets. here is what we have coming up this hour. hillary clinton attacking donald trump during one of the biggest policy speeches of her 2016 campaign, calling his ideas dangerous for the security of our nation on a day where he is getting a major endorsement. clinton making her comment from san diego, california, a state where she may be in trouble according to a new poll. that is why her campaign is staging an all-out blitz holding more than 30 events in five days. david: wow. melissa: we have an all-star lineup of guests with insight on
4:01 pm
this story and much more. along with lieutenant colonel tom mcinerney, judge andrew napolitano and bret baier as well. david: quite a lineup. back to the markets. dow stocks turning positive in the final moments trading. with very market movers. phil flynn, price futures group watching oil and gold from the cme and lori rothman on the floor of the new york stock exchange. lori, you're looking at more retailers feeling the pinch. >> let's start there, david. retailers feeling the pinch, particularly vera bradley, the handbag maker. despite better-than-expected earnings they have analyst downgrades. vera brad did i reported sales down 6.7%. dragging down in sympathy, kate spade off 4 1/2%. a better report from amazon. the report from the floor, if you're keeping track or keeping store, another lifetime high for amazon. this is the third consecutive session amazon hit a new high.
4:02 pm
you will recall back to the consumer spending report. biggest jump in april in spending in many years. everyone is looking toward the new tactic of spending online. amazon the king of e-commerce. amazon benefiting big. this is the sixth record high amazon hit this year already. let's look at the broader markets. stocks close on a session high. investors, this is ahead for the next fed decision to tomorrow's all important may jobs report. 204,000 new jobs added to u.s. economy is the analyst expectations. you have sectors beaten down for most of the year, retail, health care, technology, actually being viewed as a little bit undervalued because they have been kind of beaten down through the duration. year thus far. the nasdaq chalks up a seven-day gain. this puts it at its longest winning streak in 16 months for the nasdaq. that sums up the stats and stories from here on wall street. back to you.
4:03 pm
melissa: great to see you, lori. thank you. phil, oil driving stocks higher on the heels of that highly-anticipated opec meeting this morning. what did you hear coming out of there? how did you parse it? >> oh, they were so close, melissa, they almost had a deal to put a quota in place or at least production he ceiling. it fell apart but we were so much closer than anybody thought to an agreement. there is now speculation they will get something done in the future. opec leaders say there could be another opec meeting if market conditions warrant it and general hely speaking it was a much more happy opec. they seemed to be getting along a little bit better. that is a good sign in the future they can work together. so far for the death of opec, that's not going to happen. what it meant for oil prices, when they heard they didn't get a deal it went lower but we got enjoiner to numbers and speculation we could still get a deal done that brought the market back. another drop in u.s. oil production. it has fallen for 17 or 18 weeks
4:04 pm
in a row. we're really seeing that production continue to fall. gold though, it can't get a break, melissa. it was down again today. before we were blaming the fed of the we can blame the dollar and we can blame mario draghi. mario draghi is talking about a low inflationary environment for some time. if you want to be long gold, you don't like low inflation. back to you. melissa: phil, thank you for that. good summary, david? david: u.s. stocks edgerring higher even after the bell, they're a little higher. they closed at about 48, almost $50 or 50 points on the dow. look at that, came up after the bell, reversing an eller slide. all this ahead of tomorrow's employment report. health care companies led rebound countering declines in tech and nothing. here scott martin, united advisors chief market strategist and fox news contributor. john lonski, moody's chief economist. scott, i get the sense traders are kind of poised right before the 8:30 employment report comes out.
4:05 pm
could there be dramatic moves in the market whether we're ahead or behind in the jobs number? >> i would expect them, david. i think poised is a good word to use and i would argue poised to the upside. we've seen some pretty good late-day rallies this week which tells me traders and investors are building their long positions into this number. here is what i think will happen. i think you'll get okay number, say range of 175-k added for me. this still keeps the fed possibly on the sidelines ahead of the "brexit" vote and just what after the ecb did, meaning more stimulus, more low interest rates. that is what the stock market wants to see. david: john, 175,000 jobs expected that seems so low to me compared to where we should be yet the president is saying everything is great to the economy. which you say? >> oy, the economy is not doing so great. look what is happening with corporate revenues, first quarter, s&p 500 excluding hard-hit oil and goose, sales higher by a puny 1 1/2%.
4:06 pm
believe me, we have to see sales outside of energy, accelerate considerably if we're going to believe in the type of profits growth that is going to su jobs growth of only 175,000 jobs a month. david: i got to believe one of the reasons retail sales numbers have been so poor, excepting for internet sales, people don't feel they're rich enough to spend money in the retail sector. >> that's right. we might be creating nearly 200,000 jobs per month on average every owe the past year, but a lot of these jobs are not the highest quality jobs imaginable. david: right. >> they tend to be lower quality jobs, lower paying, and thus consumer confidence took a dip for the month of may. david: okay, guys. melissa: health care stocks, leading sector in the s&p 500 today. while obamacare faces new problems of the largest health care insurer in texas wants to
4:07 pm
raise rates and by a lot. blue cross-blue shield is seeking nearly 60% increase in premiums. david: wow. melissa: the insurer trying to recoup losses past two years. they are anticipating how bad losses are going forward and try not to have those continue is what they're really doing. i mean, john lonski, what does this say to you about the fate of our health care system that we're seeing this in some states? i mean they weren't aloan. vermont seeing 44%. it is all over the place. >> it is unaffordable care act i believe. melissa: yeah. >> unfortunately this will encourage more healthy people to leave the program so we get greater representation of sickly consumers in insurance programs forcing premiums higher and higher. it is simply not working. put it that way. melissa: scott, this is the death spiral. premiums to up. people say i will not buy insurance.
4:08 pm
i will risk getting fine. if i'm sick they have to take me, with preexisting conditions. they hop on then. you only have sick people. prices go up and up. how do you stop the death spiral? >> you can't. that is well-put, death spiral with the obamacare. that was whole premise act, healthy people will pay for the six but there are not any healthy people because they're dropping out. to john's point further, they stop dropping coverage as far as network providers. they start dropping doctors to get healthy if you want to actually get healthy because you don't have access to them anymore. melissa: john lonski, what does it mean for health care companies? who is how we started the discussion. blue cross-blue shield of texas put together very compelling numbers. we lost $216 in 2014 now escalated to 592 million last year. we're a public company. we can't sustain these losses. you, the government, are not covering it.
4:09 pm
we have to raise prices on people or have to get out. what happens to the companies? >> either drop coverage or get a bigger subsidy from the federal government. the status quo simply is not working. this entire program has to be redone dramatically. david: okay. guys, final issue for you today in the markets apple stocks dragging u.s. markets down. shares for apple fell 1% after goldman sachs cut its price target for the company citing expected decline in smartphone sales. of course they get most of their income from that. scott, so often these analysts are late to the -- game. i'm wondering if that happens here. >> you showed that chart. thanks for telling us apple is not a good stock to own. that's great. david: exactly. >> usually that is time to buy because you flush out weak longs in the stock when you see analyst downgrade, david. two things going on in apple. they are getting killed in content. they are overowned. there is nobody left to buy apple.
4:10 pm
there is not a lot of buyers left. no reason to buy it here. wait for it to sell off further. david: john, one thing they announced -- well, they didn't announce it, elon musk who has a car company of his own i'm told says within four years apple's going to be manufacturing their own cars. now car manufacturing, huge enterprise, involves enormous amounts capital but they have $216 billion of cash. might this be the place where they use it, buying a car company? >> it's a possibility but i can remember not too long ago when we spoke about the big three auto-makers in detroit, they're financially strong because they have mountains of cash. but those mountains of cash disappeared very quickly. david: that's true. >> this offer, there is no guarranty because of all this cash, apple will be very successful at developing a self-driving car. david: okay. >> a lot of risk. david: thanks a lot scott and john. we'll see you later in the hour. thanks, guys. melissa: china buying up luxury
4:11 pm
hotels in major u.s. cities in an effort to spy on us? results on a shocking new study obtained by fox. david: less than a week from one of the most important democratic primaries of the election season, new poll shows clinton and sanders are variety allly neck-and-neck. what happens if hillary loses california? bret baier, host of "special report" will weigh in. >> she isn't focusing on sanders today. instead attacking donald trump in a major policy speech on national security, secure skewering him on comments he made about everything. she had a laundry list. you can bet lt. general tom mack mack -- thomas mcinerney has a lot to say. >> donald trump's whyed are not just incoherent. they are dangerous. they are bizarre rants, personal feuds and outright lies.
4:12 pm
[cheering] can't sleep? take that. a breathe right nasal strip instantly opens your nose up to 38% more than allergy medicine alone. shut your mouth and say goodnight, mouthbreathers. breathe right.
4:13 pm
4:14 pm
by switching to xfinity x1. rio olympic games show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience nbcuniversal's coverage of the rio olympic games.
4:15 pm
call or go online today to switch to x1. >> he is not just unprepared, he is tempermentally unfit to hold an office that requires knowledge, stability, and immense responsibility. david: that was democratic candidate hillary clinton giving a speech on foreign policy just moments ago during which she slammed gop donald trump's own foreign policy platform for the country as a whole. peter barnes is standing by in washington, d.c. with the very latest. peter? reporter: david, that's right. hillary clinton saying donald trump does not have the experience, judgment or temperment to be commander-in-chief. we heard her say that before. this is play for national security-minded republicans and independents who might not like her but might grudgingly vote
4:16 pm
for her over the billionaire businessman as leader of the world's only superpower in these perillous times. >> this is not someone who should ever have the nuclear code because it is not hard to imagine donald trump leading us into a war just because somebody got under his very thin skin. reporter: she also defended her record and positions, especially in the iran nuclear deal but republicans attacked clinton for that agreement as well as her role in the intervention in libya and other international developments and u.s. policies. the rnc sent reporters this 14-page critique of her, titled, hillary clinton, a disaster for u.s. national security saying further, a failure of, of secretary, as secretary of state who defends the weak obama administration foreign policy can not be trusted with our security. david? david: what difference does it make? where have i heard that before? yeah, that's right.
4:17 pm
peter barnes, thank you very much. melissa. reporter: you bet. melissa: let's bring in retired air force general lieutenant thomas mack -- mcinerney on hillary clinton's speech. let etc. listen what he said earlier. >> he praises dictators like vladmir putin and picks fights with our friends, including british prime minister, the mayor of london, the german chancellor, the president of mexico and the pope. melissa: so she had a laundry list of complaints about him. we tried to pull out maybe the most substantive. what do you think of his approach dealing with foreign leaders so far? is it as dangerous as she says it is? >> well i don't think it is, melissa. look, he is reality tv star. he is all over the map. but the fact is, is, when you look at her, so he is talking words. she is talking actions. let's take a look, melissa, at what her actions were. iraq was stable when she came into office.
4:18 pm
now it is a disaster. isis owns it. syria was stable. now it is a disaster. isis owns it. it is a caliphate. go look at libya. libya has two strikes against it. number one they were our ally and she drove the fight to attack them with nato and then benghazi. where was she in benghazi? we still do not know where the president was that night on benghazi. and then the deliberate cover-up. so not only did she not provide force protection before, during and after, she covered it up. so she has a whole host of actions versus words, melissa, that i think are going to be far more dangerous. melissa: i tried to listen every point of her speech and pick out what were her specific foreign policy plans because that is what this speech was supposed to be about, even though most of it was calling donald trump crazy, i tried to find in there what was substantive. she said we must knock out the
4:19 pm
isis strong hold in syria. we have to be a strong leader or we will leave a vacuum in our wake. she went on how to talk how america is exceptional. we can't shy away from that. do the things she has done as secretary of state match those statements in your mind? >> not at all. i mean, the exact opposite. she's the one that left the vacuum. she is the one that created the instability and now she is trying to walk away from it. so you have to measure her actions against trump's words. and i can tell you our allies are concerned about donald trump. and that is very food, melissa. we want them to be concerned that we expect them to step up to the plate and carry their responsibilities. melissa: a lot of times her team was asked to point to what is her greatest foreign policy accomplishment. what is it that she did that she can say, look, i did this here, i will do this, the same thing in the rest of the world.
4:20 pm
if you have to go over to the other side to look at it, is there anything in fall fairness that you could point to as something she did good on foreign policy while secretary of state? >> melissa, that is a great question in all fairness i have looked at it very closely. everything is a negative since when she came in. no place in the world, well, china is better off, to have the south china sea. but there is no other place, the russians have crimea. if you want to look at those things, they're not pluses for us. but they're the only ones, our enemies are the only ones that have benefited, not our allies. melissa: it is amazing. i never heard anyone answer that question with something that she did that was good. one time she tried to answer the question, she brought up libya of all things, just amazing. anyway, lt. general, thanks for joining us. we appreciate it. david? david: speaking of hillary her email troubles continue to haunt her.
4:21 pm
judge andrew napolitano sorting out new developments. mcdonald's getting slapped with a lawsuit from a blind man in louisiana. the reason i'm laughing, you will not believe what he wants from the fast-food chain. >> we're not asking for anything elaborate. we're not asking mcdonald's to tear down the restaurants. all we're asking for iota of accommodation. we don't think that is a lot to ask from a corporation such as mcdonald's. every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crime. and it affects each and every one of us. microsoft created the digital crimes unit to fight cyber-crime. we use the microsoft cloud to visualize information so we can track down the criminals. when it comes to the cloud, trust and security are paramount.
4:22 pm
we're building what we learn back into the cloud to make people and organizations safer. spending the day with my niece. that make me smile. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. try super poligrip free. intensely-flavored.. colorfully-diverse. beautifully-misshapen. cultivated for generations, it's the unexpected hero of any dish. when you cook with incredible ingredients... you make incredible meals. fresh ingredients. step-by-step-recipes. delivered to your door.
4:23 pm
get your first two meals free blueapron.com/cook. and i quit smoking with chantix. i always came back to smoking. i was absolutely frustrated, absolutely. i did not think chantix would work as well as it did. along with support, chantix (varenicline) is proven to help people quit smoking. chantix reduced my urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some had seizures while taking chantix. if you have any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse or of seizures. don't take chantix if you've had a serious allergic or skin reaction to it. if you have these, stop chantix and call your doctor right away as some can be life-threatening. tell your doctor if you have heart or blood vessel problems, or develop new or worse symptoms. get medical help right away if you have symptoms of a heart attack or stroke. decrease alcohol use while taking chantix. use caution when driving or operating machinery. most common side-affect is nausea.
4:24 pm
i did it. i quit smoking. ask your doctor if chantix is right for you. david: finally good news in the war on terror. potential terrorist plot has been foiled in germany. police arrested three syrians on suspicion of planning isis attack in dusseldorf. the scheme appeared eerily reminiscent of assaults on brussels and paris with firearms and explosives. melissa: is china spying on you in your hotel room? a new study obtained by fox news details a massive campaign by the chinese government to purchase luxury hotel chains in
4:25 pm
the u.s. and around the globe for international espionage purposes. people said this before. others said they were crazy. here it is. created by a cybersecurity consortium, the report suggests potential risk of cybersecurity breaches for business executives and government officials in those hotels. that's amazing. david? david: more legal trouble for hillary clinton today. a judge ordering the obama administration to he release emails related to hillary clinton to the rnc in its lawsuit against the state department. meanwhile an intel source telling fox news that inspector general's report issued last week could pressure the justice department to pursue criminal charges. joining me is judge andrew napolitano, fox news senior judicial analyst. before that, i want to talk about this guy, pagliano, is that his name, who set up private server and granted immunity by congress? >> right. david: is pleading the fifth amendment. it seems strange to me because the fifth amendment is about self prosecution, but the guy
4:26 pm
was offered immunity. so can you use the fifth amendment if you've been granted immunity from prosecution? >> you are so sharp, counselor, the short answer is no. he does not have a fifth amendment right that because he has immunity. the only thing he could be prosecuted for if he lies under oath if he responds to questions. we believe he has immunity. we haven't seen it. his lawyers have leaked he has. david: if he has been offered immunity, could he say, could he plead the fifth amendment. >> going to correct your question. if he accepted the immunity, yes. immunity is either a promise not to prosecute or an order from a judge barring prosecution. either of those voluntarily waves his fifth amendment right but it is even worse than that he has been ordered by name, by a federal judge, in writing to testify. and he is defying that order. david: defying it for what purpose? we can only speculate here but there is a lot of speculation that somebody from the clinton group has gotten in touch with
4:27 pm
him and said, one way or the other you have to be our fall guy? >> that would be obstruction of justice. he is a federal government witness. he is protected in that capacity. if somebody from the clinton group as you call it interfered with that, that person would be indicted and arrested. david: what about breaking developments now with the emails? >> the, i am not surprised with the breaking developments in the emails. the rnc is late to the game. there are 39 freedom of information act lawsuits against the state department. david: all from the same source? >> oy, no, no. from many different sources the most recent of which is the rnc quite frankly i thought the rnc was a little late to the game and was file piling on. i was wrong. they got an order from a judge to turn everything over. i don't know if they get anything new. what is new, the significance, the way law enforcement is treating the inspector general report. the inspector general report of mrs. clinton's behavior and misuse and abuse of emails for
4:28 pm
the four years she was secretary of state is utterly damning. it rejects every single defense she has offered. it reveals some other bizarre things, like, when the server in chappaqua went down, disabling her blackberry she refused the government blackberry, stated why. i don't want to deal with the freedom of information act. her blackberry was disabled on the 7th floor of the state department because it wasn't government issued. david: you used term of obstruction of justice before. isn't her inability, her desire not to be subject to the freedom of information act obstruction of justice because it is justice that allows us as citizens to know what government officials are doing their job? >> it's a great question. there is a doctrine called, klein, conspiracy. it's a federal prosecution for interfering with the ordinary day-to-day operations of the government. one of which is, record-keeping and transparency. david: goes on and on. judge andrew napolitano, wonderful to see you, thank you
4:29 pm
very much. melissa? melissa: backlash growing over the state department's surprising admission that somebody intentionally deleted several minutes of video from the agency's website and youtube channel. a key part where fox news's james rosen asked a spokeswoman about secret talks with iran during a briefing in 2013. now, arkansas senator tom cotton is demanding more answers and accountability, releasing a statement today, calling for identity and discipline of the official who ordered the video to be edited. well the state department says, they have reached a dead end in the investigation. that is the state department. that can't investigate and figure it out. there you go, david. david: we're going to investigate it and try to figure it out. democratic race in california is tighting than ever and stakes are higher than ever. bret baier breaking down the fight for the golden state. melissa: president obama has a plan to save the drowning social security program, and surprise, surprise, it involves
4:30 pm
the wealthy. >> social security is more important than ever. we can't afford to weaken social security. we should be strengthening social security. [applause]
4:31 pm
if you suffer from a dry mouth, then you'll know how uncomfortable it can be. but did you know that the lack of saliva can also lead to tooth decay and bad breath? well, there is biotene, specially formulated with moisturizers and lubricants... biotene can provide soothing relief and it helps keep your mouth healthy too. biotene, for people who suffer from a dry mouth.
4:32 pm
4:33 pm
melissa: democratic candidates are in dead heat. hillary clinton holding a razor thin edge over bernie sanders in california, leading the vermont senator by just two percentage points according to new "nbc/wall street journal" poll within the margin of error by the way in case you were
4:34 pm
wondering. here now is bret baier, host of "special report" on fox news. before we get to that, can i ask you really quickly about paul ryan and this idea that he is saying he is going to vote for donald trump, which is not exactly an endorsement. i know his folks got out there, just call it an endorsement. but paul ryan didn't call it endorsement. what is your take on all of that, bret? >> melissa, good afternoon. that is a tepid endorsement, let's say that. he wants the party to fall in line and that to unify and what he told the associated press a few minutes ago, unify before the fall. i mean paul ryan's whole thing has been that donald trump is probably not the best vessel, if he had to choose at the beginning of this election who he wanted but it is the presumptive nominee and he is saying that donald trump is far better than hillary clinton. and ryan believes on policy that the country has to start turning
4:35 pm
the aircraft carrier of the dealing with the deficit and debt and medicare and medicaid and all these policy issues and donald trump, he thinks can help do that. melissa: can help sort of, because he is voting for him but he is not necessarily endorsing him. okay, interesting. let me ask you about california then, going forward. we have seen this movie before. this is how these primaries go for hillary clinton. she is out in front. bernie sanders roars into the finish. how do you think it is going to turn out and what does it mean, bret? >> listen bernie sanders could win california, there is no doubt about it. every poll so far in the past few days, melissa, has had sanders in the margin of error. so he could win. there is still a lot of momentum on sanders's side. does it matter and that is really the question? because she's probably going to win new jersey, and that will probably put her over the top. she only needs 71 he delegates to clinch the nomination because of the system.
4:36 pm
because of the superdelegates. sanders can make the case that, you know, pledged delegates are really where this should happen but that is not the system they all signed on to. melissa: yeah. >> that is basically what they will be doing all the way to philadelphia. melissa: if he wins california, does it put pressure on superdelegates or is it not enough? >> i don't think it is enough but if for example the fbi came out and said something or there were more indications about the investigation, maybe some of those superdelegates would have question marks and they would look, probably not sanders way though. these are establishment folks. and they would be looking for an exit ramp someplace. melissa: might parachute biden. bret baier, thank you so much. look forward to your program. thank you. >> thank you. david: parachuting biden. that image became very clear to me. melissa: helicopter comes by and slowly drop him in the middle. david: i would love to see that. i doubt that we will.
4:37 pm
melissa: he would like it. david: president obama turning to the wealthy to pay out more for social security. >> it is time we finally made social security more generous and increased its benefits so today's retirees and future generations get the dignified retirement they have earned. we could, we could start paying for it by asking the wealthiest americans to contribute a little bit more. they can afford it. [applause] david: yes, we heard that before. reversal from 2011 calls to cut social security benefits as he turns his attention to the race for the white house. hear to weigh in on the president's latest economic claims, steve moore, heritage foundation distinguished visiting fellow. >> hi, david. david: this suggestion we should make social security more generous the day after he was ridiculing his critics for suggesting he is in favor of liberal spending programs. let's play that for those who have forgotten. >> my bigger point is, to bust this myth of crazy, liberal government spending.
4:38 pm
government spending is not what is squeezing the middle class. david: so on one hand he says he is for this open-ended, got knows how much it would cost plan to spend a lot more on social security. on other hand he says he is not for spending more. which is it? >> report that he wants to spend more on benefits for social security comes just a few weeks after the social security administration's own trustees, david, tell us that the unfunded liabilities, that is, the amount of revenue that is supposed to be raised versus the amount they're supposed to pay out, that gap is somewhere in the neighborhood of 10 or $20 trillion. so the idea of paying bigger benefits is like putting more people on the deck of the titanic because this ship is going down. certainly added to the iceberg. liberals, i have been studying this issue for a long time as you have, david, liberals always wanted to turn social security into welfare program. have the rich pay it all in and give it all out to the poor and
4:39 pm
that is essentially what barack obama is supporting. give lower income people bigger and bigger benefits and as you said, every week pay for a new program by just taxing those rich people a little bit more. david: meanwhile as you well know the federal debt has doubted. >> right. david: when president bush left office in 2009 it was $10.6 trillion. it is now, it is over 19 trillion. it is moving in on 20 trillion. >> yeah, and here's the problem with social security. my kids, your kids, are just not going to get it. if we keep adding benefits to this program to pay retirees, then your kids and my kids will pay more and more taxes into the system and get little out. now i just did some analysis, i looked when franklin roosevelt set up this program in the mid-1930s, david. you know the tax at that time was 2%. 2% on your first 4 or $5,000 of income. now it is 15 1/2% and want to keep raising it. david: 15%, doesn't that also include medicare costs.
4:40 pm
>> sorry, that, social security about is 12 1/2%. we've gone from 2% tax to 12 1/2% tax. you know my solution, david. let people, young people, take some of that money, put it into a private account where they own it, government can never take it away from you and we estimate the benefits for your kids and my kids will be double what they are now. david: by the way, there was a survey years ago, i'm sure it would be the same today, young people were asked if they would ever see their social security benefits. they said, it is more likely we'll see aliens arrive here from outer space than we'll ever receive -- probably would be the same with millenials these days. steve, we have to leave it at that appreciate. >> thank you, david. david: when it comes to campaign promises voters don't believe hillary clinton or donald trump will actually deliver. >> we are going to have a wall, and i mean a real wall. we are going to have a wall. [cheering] who is going to pay for the well? >> mexico! >> not even a doubt.
4:41 pm
>> we're going to make four-year public colleges and universities free in the sense that you will not have to borrow money! the you will have the no have to borrow money to pay tuition. ♪ on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. breo is not for people whose asthma is well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. do not take breo more than prescribed.
4:42 pm
see your doctor if your asthma does not improve or gets worse. ask your doctor if 24-hour breo could be a missing piece for you. see if you're eligible for 12 months free at mybreo.com.
4:43 pm
4:44 pm
melissa: mcdonald's refusing drive-through service to a blind man at a louisiana location who was on foot by the way, the drive-through thing just to be clear. now he is suing the fast-food chain. the man claims the mcdonald's violates the americans with disabilities act by refusing to serve customers at its drive-through windows not in a vehicle. his lawyer spoke to maria bartiromo this morning. take a listen to this. >> it is not just him. it is millions of other blind americans and it is not just blind americans. these are people that have epilepsy. these are people hearing impaired. these are paraplegics, people that also can not access
4:45 pm
mcdonald's drive-through in the late evening hours. melissa: scott martin and john lonski are back with us. gentlemen, i got to ask you, scott martin, when did it become an american right to be able to get a mcrib at 2:00 in the morning? i, it is my god-given right to get a mcrib at 2:15 a.m.! that's it. >> or mcchicken or, a mcchicken. we all love the late-night haunts if it is mcdonald's or taco bell. i see what you're saying here, melissa, this is interesting because this is not outright discrimination. the reason you can't walk through drive-through number one it is dangerous. walking through a drive-through, that is the first thing. this isn't outright discrimination on part of mcdonald's, doing what they want to do as private business by not wanting restaurant open 24/7 where you go inside. melissa: john lonski, this lawyer was doing on and on, all i want for my clients is the ability to eat food that is
4:46 pm
really horrible for you at an hour where you have absolutely no hope of burning off those calories and they're going directly to your heart, and probably kill you. this is what he is arguing for. and, he is saying that all he wants from mcdonald's is that they a accommodate his people. now could be a walk-up window. he said there are all kinds of solutions. can't think of off the top of my his ahead, all he wants for them to get the mcrib at 3:00 in the morning. he is lying because he wants money. he says he wants access but that is not true, is it? >> melissa, lawyers get hungry too, not just about the ability to eat at mcdonald's this is excessively litigious economy, overregulated economy, goes to explain why productivity growth is so low. why living standards are not rising like they used to. melissa: yeah. scott martin, i don't want to say anything against the disabled certainly. you know no one loves mcdonald's more than i do.
4:47 pm
if it happens to be closed at 2:30 in the morning, i feel they have done me a favor mistake of binging in in the middle of the night. more serious note, this to me is one of the big problems in the economy, mcdonald's most of them, 90%, are owned by small business owners, they're not owned by the mcdonald's corporation. so he is really suing the little guy who is out there trying to have one mcdonald's and making it hard, even if suing the corporation, making it harder for one guy who has mcdonald's to do business and make money and obtain the american dream of making something of himself. >> yeah. i mean if you miss a late-night meal, you can certainly make up for later. i know i have. we all that. that is the thing. like these minimum wage protests, melissa. they go out there talk about mcdonald's is evil and corporate america is so bad. those are not owners of restaurants you're protesting against. you're protesting a small business owner trying to make it in the city or state doing better for the community, give
4:48 pm
you a job, not be corporate. melissa: as i tell my kids, no one needs to eat this late at night. i don't care what meal you missed, wait until the morning. it is all bad for you. gentlemen, thank you. david: i don't know if i had mcdonald's in the morning. melissa: in the morning? david: wait till the morning. melissa: egg white delight. nothing better, 180 calories. david: i never have breakfast at mcdonald's. melissa: we'll see you there. david: voters looking at promises made by donald trump and hillary clinton. how bad is it? we'll have the new poll. lebron james is looking to end the cleveland's 52-year championship drought. it will take you longer than that to make what the king does in just one year. ♪ if a denture were to be
4:49 pm
put under a microscope, we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day.
4:50 pm
hii'm here to tell homeowners that are sixty-two and older about a great way to live
4:51 pm
a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home and here's the best part... you still own your home. take control of your retirement today!
4:52 pm
david: donald trump and hillary clinton do have one thing in common. voters don't believe their promises. only 24% believe that trump will try to build a wall and succeed and only 9% of voters believe that hillary clinton will even try to eliminate secret money from politics. joining me now, brad blakeman, former president bush senior staff, richard fowler, democratic strategist. we'll talk about the poll in a second, but, brad, first of all, paul ryan not quite endorsement of donald trump, what do you make of that? >> well, when you have to explain that you're voting for trump, by the way you can take an endorsement. when is an endorsement not an endorsement? when you have not endorsed him. it would be of more effective come out together and made a formal -- david: was he playing with us or slip of the tongue that he didn't use the word, endorsement? >> there is no slip of the tongs here in washington, yeah, that's true. >> it is clear when it was. when it has to be explained that is a problem. i would much prefer them coming out together.
4:53 pm
david: richard, this gets us right to the poll. this is why people don't believe politicians. time and again they say things that they have no intention of following through on. whether it is hillary or donald. >> i think you're absolutely right, david and i think brad is right. i think paul ryan should have just endorsed him but i think american people are looking for real solutions, dealing with real everyday problems. they're trying to make ends meet and trying to find jobs. they feel like washington is broken. does nothing for them. they want change in washington. is donald trump going to be their change agent, david? i don't know that. i don't think people will believe he will bill the wall and send bill to mexico. nobody believes that. david: some people believe that donald trump would be better than hillary hope he doesn't follow through on all the promise, like brad blakeman, the promise to force apple, grab appleby the scruff of the neck, force them to manufacture here in the united states. that would double price of an iphone which would make people drop their iphone and move to
4:54 pm
a samsung. they would have to. that would kill the best company we have in america. >> look the american people are smart. they can separate rhetoric from reality. and politicians love the rhetoric. and thin when they get in office, reality sets in. look at president obama. can you blame the american people. i will close guantanamo. guantanamo is still open. i will make health care affordable, it is anything but. or access, anything but. immigration i will do that in my first year. he has done anything. >> now, no you brad. >> nothing he promised as candidate. >> now, now. president dealt with a lot of challenging including congress number one. number two, when you look at election where we are today, donald trump made all the promises, will kick out all the muslims, deport illegal immigrants. david: he didn't say kick out all the muslims. he said put a halt on immigration. >> will build a wall you can't see over it. american people don't believe
4:55 pm
these promise, they can understand, they smell blood in the water. it can't happen. it is absolute bs, is one favored over the other, brad, in terms of the promises? hillary said free education, when in fact she put provisos on it. she will get money out of politics. i think that was the one she rated lowest. only 6% of the folks believe that promise. >> look, it is more of a problem for hillary because she is known commodity in public office for 30 years. donald trump is not. so the fact that hillary clinton has been around for 30 years and has abysmal trust and likability is more troubling i think than donald trump being questioned because he has never served. successful businessman but nobody knows what he will be as politician. they can only hope. david: quick, quick last word, richard. >> speak to that. all fortune 500 ceos rather have hillary over donald trump which says something. he is a business guy. can't get the business community to vote for him. david: he would say crony capitalism. >> she got all the money from fortune 500 companies. david: brad blakeman, richard
4:56 pm
fowler. crony capitalism, next subject of discussion. thanks, guys. melissa? melissa: tonight, beginning of one of the most hyped nba finals in years. lebron james and cleveland cavaliers take on seth curry and golden state warriors. something to keep in mind as you watch tonight. lebron's sal roy is $23 million a year. how long would it take other professions to match that in one year? something else. lebron makes. $7,000 a minute. one costly lego statue took days to build and seconds to watch. melissa: oh, i can't watch this. tokyo-style ramen noodles.
4:57 pm
4:58 pm
when you cook with incredible ingredients... you make incredible meals. fresh ingredients, step-by-step recipies, delivered to your door for less than nine dollars a meal. get your first two meals free at blueapron.com/cook .
4:59 pm
. . . . david: ignoring the no touching sign. it was just too much for one boy in china. melissa: 15,000-dollar lego figure took three days with no
5:00 pm
breaks to build and was smashed by 4-year-old in seconds, just hours after going on display. wow. david: think of the guy on the left. he actually built it. that does it for us. "risk & reward" starts right now >> he is not just unprepared, he is tempermentally unfit. this is not someone whoever have the nuclear codes. he believes we can treat the u.s. economy like one of his casinos and default on our debt to the rest of the world. we can not put the security of our children and grandchildren in donald trump's hands. deirdre: hillary clinton taking on donald trump, on foreign policy, as house speaker paul ryan says he will vote for donald trump. this is "risk & reward." i'm deirdre bolton. speaker ryan tweeting as hillary clinton finishing her address. i wl

192 Views

info Stream Only

Uploaded by TV Archive on