tv After the Bell FOX Business June 15, 2016 4:00pm-5:01pm EDT
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liz: seal say we have fewer rate hikes. >> she's a dog. >> she's super nervous about the economy, and she knows that the markets -- >> an obama appointee dog. liz: there's the closing bell. i'm going to send it over to connell and cheryl. >> stocks dropping here the final minutes of trading and the major averages really only in the last half an hour or so that we saw them turn negative and good to be with you. i'm in for david asmand. >> i'm cheryl in for melissa francis today and this is after the bell. we've got you covered on the big market movers but first, here's what else we have for you this hour. yet another tragedy in orland orlando. a 2-year-old boy dragged away by an alligator in disney world. expecting a press conference at any minute. and the orlando mass shooter and hre going to
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take you there live for an update. and then donald trump once again slamming president obama and hillary clinton for their reluctance to use the term radical islamic terrorism. what he says could have prevented the latest terror attack. and hundreds of thousands of illegal immigrants are gaming the system. staying in the u.s. long after their visas have expired. why so little is being done to stop. >> plenty of time for all of those stories so back to the market with breaking news as stocks sold off into the close today, which is interesting after the federal reserve comments, the dow in the red for the fifth consecutive day. so there's the d dow 30 on our big board right there. scott from tjm investments is watching action in oil and gold that the cme today and we'll get to stock in just a moment. but lori rothman is up first on the floor of the new york stock exchange. when the fed came out, lori, we did see a little bit of a spike; right? no rate change but a little bit of a spike and then everything fell flat
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on us. what happened? >> well, janet yellen started speaking and the folks down here believe -- blame yellen for cracking the market about 3:30, 3:45 eastern. you know, yellen commented that they underestimated the impact of cheap oil prices on the broader economy and the guys here, again, very critical. and ladies too of yellen tap dancing some very pointed questions about the direction of our economy and global influences, et cetera. but before she started speaking, as you said the decision on interest rates was no surprise and the statement itself was pretty doveish and the reaction was exactly how you would expect the markets to react when interest rates are being pushed up. that was also part of the statement that we're seeing fewer rates here going forward. so we had higher markets, that turned around. the vix actually went up, and it came in a little bit. but, you know, it -- a fifth day of losses here when all said and done. back to you. >> all right, lori, thank
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you. scott react to the fed today where you are. >> well, you know, a whole lot of nothing going on here. we thought that -- we didn't think there was going to be anything happening. but i know that the talk on the floor behind me and this is kind of doing the rounds now that it's -- this is a trade you want to get onboard. we're seeing a big shift in our economy here because we've got a worsening labor market yet we haven't really seen the gdp catch up to that or some of the growth things that janet has been talking about. so we're going to start to see technology take over more and more, a gap between rich and poor, widen more, more of that wealth concentrated at the top. from those technology providers. and we're going to start to see the middle class of america suffer some more. we're not going to pay off a lot of those debts, the car loans, student loans, see the money go towards the technology, the technology is going to be the upper economy and tax base and that's one of the shifts here and the fed is having a hard time getting onboard. they can't make it there. this is something we haven't seen ever before. that's a problem.
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>> yeah. well, we haven't seen a lot of things before. >> let's get to the panel and talk about the day on the markets leaving the day unchanged but the comments certainly something we can talk about it and what might happen next is something we can debate. we've set you up with jonathan from capitalist tig hemorrhage fund, tim cane is also here, economist from the hoover institution. daniel former adviser to the federal reserve and tom harrwitz from bubba trading. nice panel, the four of us, and myself and cheryl. six people. raise your hand if you have something interesting and provocative to say and then you can go first and we'll see where we go from there. jonathan, you're usually good for -- were you angry at all today? yelling at the screen? >> i wasn't angry, connell. but i think i was mystified as often time janet yellen herself was. janet yellen and the reserve will be wrong, she has to be because the fed itself is central planning.
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so this is why we shake our head at some of the fed speak because you get the sense that the fed doesn't really know what's going on. so i try to watch the market's reaction and what i saw today were gold stocks at 52-week highs, the dollar continuing to drop and a lot of the commodities, whether it's cocoa, sugar, continuing to go up. so where am i putting my money right now, connell? i'm really favoring commodities over stocks, i think that's where you're going to make the money. >> let's head over to michelle, chief economist at rbs, michelle, the fed has a credibility problem here. this is an economy fueled by fed giving since 2007. and this economy is not growing, michelle. their gdp estimates were down right wrong. negative. >> well, you know, we're growing of course it doesn't feel nearly as strong as anybody would like to see. particularly when you're thinking about how low interest rates are. i tell you, though, the take away i thought from the fomc
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today particularly the fed chair conference is that the fed isn't particularly confident that we're going to continue to make progress on the labor month, that we're going to continue to make growth. there's so many uncertainties. to me, it sounds library a fed that isn't sure about the outlook and couldn't really give us much guidance about where interest rates are ultimately headed. >> if you did one of those, the bubbles, i'm sure they could have done it with maybe somebody already has on twitter, daniel, or somewhere else. i'm sure it would be uncertain; right? that would pop up you always want to know what the fed's plan. they don't really know; right? >> you know, i think the fed is lost. >> there you go. >> i wrote today that they're increasingly using a really distinct methodology of throwing the spaghetti against the wall and seeing if it sticks. to strike a little bit more serious tone, when we have the incident occur in orlando, that sent the odds of a rising
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appreciably in the polls. people forget very quickly how hawkish janet yellen and other fed speakers have been in recent weeks and insistent upon ignoring the data that's been worsening and insisting they're going to raise the rates in the coming months. those were her words but after what happened in and so forth spill over effect you saw in the british polls, i think that's what stayed the fed's hands today and they don't know what they're going to do. >> well, todd, in a statement that even mentioned the possibility of england leaving the european union. she was asked about it certainly in the press conference about her own peter barns but at the same time this is a fed dealing with 12 million jobs that have been lost since 2017 under this administration. can you make the argument that she's doing the administration's bidding and that's actually hurting the economy and not correctly guiding monetary policy? >> the first thing i can make is that they're clueless. if you dropped off in the
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middle of nowhere, they wouldn't find their way home. there is no real growth. that's the first issue that we have to deal with. we continue to talk about job growth and job creation, we put $4 trillion into the system, been wiped out every single day because they won't raise rates -- if they will not raise rates, let the stock market fall, then what's going to happen is the banks aren't going to loan money and the average entrepreneur, businesses will not be able to borrow money which means we're not going to see hiring except for crappy jobs. and that's the problem when you don't allow an economy for price gouging and grow on their own. >> well, we have two commentators on their own characterize the federal reserve as lost and clueless. so i don't know fished go back to michelle for -- >> do not come to me yet. [laughter] >> i don't think wants to defend that. maybe doug. >> no. melissa: tim, it's your time.
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so lost and clueless. what do you add to that? one second. has had any chance to speak. >> i'm not going to throw a fed a lifeline, but i'll say this. i think they're independently making a really bad decision. the fact that we opened the show talking about it's been almost ten years about an they've been stimulating, stimulating, stimulating, anybody out there who has been watching and done an all-nighter, another cup of coffee is not going to help. so i'm worried they've overstimulated the economy and setting up the economy for a fall. look, the unemployment rate is 4.7%. it's really tight. the reason people left the labor force, the fed is powerless to do anything about it. it needs to recognize that. >> you know, at the same time, jonathan, you have to wonder if we have fed speak overload over the last several years. we have press conferences, we have coffee, we might as well have crumpets along and the fed goes out and talk, talk,
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talk, but they don't do anything because of it and the economy seems to be suffering because of that. >> yeah. allen greenspan was undecisive but with the transparency it's even more difficult to understand and i think us as investors, you quickly realize that the federal reserve is subjective. they're not operating on any objective rules. they -- >> talking too much. all they do is talk and talk ask talk. so i understand what they're saying. greenspan made sure that was english. >> if i could jump in for just a second. put out a fascinating little snippet today that said not only have the number of words in a fed statement increased as a factor of time, the number of characters per word have also increased, in other words, they're trying to use bigger words and hope that that makes them sound like they know what they're doing. >> which is why i think you need to follow the price action and what the security themselves are doing the fact
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that gold is doing quite well is worrisome. >> what are you watching most closely, michelle, from here out given what you heard today? >> well, i agree listening to what daniel said too. the truth is we heard a lot of words from the fed chair today. a lot of expanded answers that didn't really seem to say anything when you actually looked at wha what she was trying to communicate. so it's not 100% clear. i mean obviously we want to see the outcome of the brexit vote, we want to see how the june jobs report is going to look. but i have a sense it's going to take more from this side, and i also agree what has been said. i'm an optimist about the economy, i'm concerned about some of the trends we've been seeing, the fed has missed their opportunity; right? if they had moved to raise interest rates up off of zero a year or two ago, they would be rival sitting in a more comfortable position watching as all of these uncertainties play out. now of their kind of in a
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awkward position because they really probably shouldn't be raising interest rates. >> right. >> but they recognize rates are uncomfortably low and they're kind of caught in between. and they're in a very different position. >> well, thanks to all of you, an extensive panel today. i was keeping track of everybody. so apologies to tom who spoke 46 seconds. thank you to everybody involved. cheryl. >> all right, connell, we have to switch gears for just a moment here. we're getting breaking news. the associated press is reporting that the egypt investigation committee and the egypt airplane crash says that it spotted the plane wreckage. so we're going to be keeping an eye on this story for you. bring you any update and of course it's all about the search for the black box. >> well, that's always the key in any plane crash. absolutely. >> move here to what's happening at home in the state of florida, orlando. law enforcement and dives
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scouring a day care of disney world for the body of a 2-year-old dragged away by an alligator right in front of his parents. and there are no details emerging in the investigation of the terror attack in orlando. >> what a time for that city. meanwhile the fbi is reportedly swamped by what some are calling an avalanche of terror tips coming in. is the bureau capable of keeping up and keeping americans safe? >> and donald trump blasting president obama and hillary clinton once again over the dangers was being too politically correct. we'll be right back. >> unless you're willing to discuss and talk about the real nature of the problem and the name of the problem radical islamic terrorism, you're never going to solve the problem. e*trade is all about seizing opportunity. and i'd like to... cut. thank you, we'll call you.
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cheryl: well, it has been a difficult week for orlando, florida. we are waiting right now for a live press conference from the sheriff's office. they got new details on the search for the missing 2-year-old that was attacked by an alligator near disney world. jeff flock is standing nearby in orlando as we await this press conference. jeff. >> have been monitoring sources here in orlando and the local news radio is reporting that the body of the 2-year-old boy has now been recovered. we have not independently confirmed that but they have been searching since about 9:00 or so last night for this little boy who was snatched off the beach at the seven seas lagoon inside a disney world -- not too far from the floridian hotel for those who know disney world. earlier today at a noon press conference, the sheriff of orange county jerry demmings
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said that he believed it was impossible for the thought boy to have survived and said that they were then now in a search and recovery mode. listen to what he said at noon today. >> for me, this is a very human experience that we're talking about dealing with this family member we're talking about no question would lose a 2-year-old child. it has been now about 15 hours since the child was taken into the water by the alligator. so we know that we are worked on recovering the body of the child at this point. >> now it's been about 19 hours and apparently, cheryl, unconfirmed, but they have recovered the body of that 2-year-old boy. there were no swimming signs where he was -- had his feet in the water. i didn't say anything apparently about alligators. and this is rare even though chicago is the -- chicago that's where i live. even though florida is the
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alligator capital of the world, these unprovoked attacks are rare. just 28 people have been killed since 1948, the last 68 and there was a third if he count the christina kime murder last friday. but to the shooting, press conference today local authorities, not a whole lot of new information about it. they asked for the public's help. anybody who had seen mien prior to the shooting, they want to know about it. they say still there's no credible threat against florida or the u.s. they believe pulse, the nightclub behind me was the only target. and the u.s. attorney for the central district of florida did say a lot of people have apparently been threatening the muslim community in florida. he says knock it off. that is pulling our focus. here's what lee bently had to say. >> making these threats is not only wrong, in most cases, making a threat is illegal.
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stop it. any threat like this subtract from what we're doing in law enforcement. >> and no word, cheryl, on possible indictment or charges against mien's wife. we had hoped to hear something about that today but nothing on that. still waiting on that press conference from disney world. cheryl: actually, jeff, we're being told here that the camera positioned on the podium, we're told right now that it may be underway. just any moment. so we're watching obviously all of these microphones to see if the sheriff does come out at any moment. thank you, jeff, i know you're standing by as we monitor events in orlando and disney world, and we will take that press conference live. jeff flock, thank you so much. connell: as we wake for the officials in orlando, let's talk a little bit about the fbi right now in relation to the shooting jeff was reporting on. there had been critics coming out and claiming the bureau didn't do enough to prevent the attacks at the nightclub in orlando. some reports have surfaced saying the fbi is just
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overwhelmed at this point by what are has described at least by being an unprecedented number of terror tips coming in. so agents find it difficult to keep up with all of that. here now is bill gavin, the former fbi assistant director. again, sir, we're waiting -- and i apologize in advance if i have to interrupt you for this news conference to begin in orlando, but hopefully we'll make our way to the why and how in this but, first of all, is the fbi in your view overwhelmed? >> there's no doubt upon the fact that at that there are thousands and thousands of tips coming in and when we have an acute tip such as we did over the weekend, the number of tips increases exponentially. now, you can take some of these tips and a small percentage and immediately eliminate them as coming from people that are not totally sane. connell: right? >> then you can take another part of those tips and predicate them to investigations that are already underway. so they have some value. the biggest -- the large majority of tips come somewhere in the middle, and
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you have to chase each one of them down, and it's just not easy. the assets necessary to do that are phenomenal. connell: well, the guidelines after 9/11 tell the fbi they do have to look into every single tip that they come in and what we saw were there are 900 investigations under with a i in all 50 states and agents handling 15 to be maybe 20, 25 cases at one time. so that even for somebody who doesn't know a lot about it is obviously a lot. what needs to change? do we new guidelines? new laws passed, what are the biggest things that need to change? >> i think there's a couple of things, connell. i think number one the guidelines have to be looked at in a little bit of a different way. we have to look at what do we need for the department of defense and how long can we keep that case open in order to look at it a little bit longer? connell: right? >> that's vital. the other thing that might be able to help here is i know congress the past couple of years has declined to act on this one. and that is when we have
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somebody that's -- that is either on the terrorist watch list or on the no fly watch list with we have somebody or somebody who has been there. that's the important part. who has been there. they ought to go into a database so that if they apply to get a weapon, if they try to purchase a weapon, that database is changed. because if somebody is no longer -- if we had a case open, a terrorist case open and closed it and somebodiness to buy a gun, that gives you the defense to reopen the case, which would have been. connell: in this particular case. bill, thank you very much, sir, we appreciate it. >> my pleasure. . >> well, dangerous hiring practices are putting american flyers at risk. a fox business investigation sparked a hearing on capitol hill today. we'll bring you the answers that you need to know. plus, hillary clinton's slamming donald trump over his response to the massacre in
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at disney world. >> at about 1:45 today, members of the orange county sheriff's office dive team located what is believed to be the remains of the deceased, a two-year-old, i'll identify him in just a few moments. at about 3:30 today, we recovered the remains of the two-year-old from the water, and that body has now been turned over to the orange county medical examiner's office for an autopsy. the family, i'm going to go ahead and identify the parents, are matt and melissa graves from elk horn, nebraska. the two-year-old is lane graves. i will share with you that the
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child was found, his body was completely intact, and so at this time, we will go through the formality of making a formal identification. there's no reason for us to believe that the body that was recovered is not that of lane graves. the effort to continue with the wildlife management here at disney will go forward. i'm going to turn it over at this time to the executive director for fwc, who will share with you more details about their efforts. director? >> yes, sir, thank you sheriff demings. first again, we just want to say that our thoughts and
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prayers are with this family. on behalf of our entire agency, we are terribly heart broken at this outcome. i want to thank sheriff demings and the orange county sheriff's department throughout this entire tragedy. they've been great to work with and they're a true benefit to this community. i'd also like to thank disney, they've been totally cooperative in how we handle this tragedy. though we have some sort of closure to this, our investigation is still ongoing, and we're going to continue to evaluate the evidence we have and we're going to try to continue searching. we're going to make certain that we have the alligator that was involved, and that we remove it, we remove it from the lake. we're going to either verify that we've captured that alligator through forensics work or continue to look for an alligator until we find the right one. we'll continue to work with disney, as they work to continue to address alligators
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in their park and continue that strong partnership. with that, that concludes my remarks. thank you. >> the family has asked that we do deliver a message to you, and the message is that they do appreciate all of the prayers that have gone forward to allow those of us who are working on the professional side to do our jobs to recover their son, so that they can move forward at this time with a proper burial, and so on behalf of that family, i deliver that message to you. i will tell you that it was a tough message to deliver to them to let them know that, at this point, the child is dead. we will entertain a few questions. >> how important is it to find the alligator? how important is it to find
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that alligator? do you fear it will do it again? >> again, there were several alligators located, and i'm going to let the fwc director talk to you about the process that they used to try to confirm whether or not one of the alligators that has been located is the right one or not. >> just really quickly, we're going to look at the five alligators we've taken and compare things like bite marks, we don't know what we have, it's early in the investigation. there's a good chance we already have the alligator because we focused our efforts in that proximity, in the area where the incident occurred. there's a good chance, we're going to go through the process and forensics and make certain. if we can't get a certain match, we're going to continue to look for alligators and make sure we've done everything we can to make sure we've taken the alligator out.
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it is important. >> reporter: where did you find the child? >> i believe the question is where did we find the child? he was within the immediate area where he was last seen. took some time to make certain, the water is kind of murky, but our divers were able to locate the body. we used sonar and other means to go in and recover. >> how deep is the body of water? >> did you believe that the child was dragged in the water and drowned? >> of course, the autopsy has to confirm that, there's likely no question in my mind that the child was drowned by the alligator. >> you can tell us about the size of the alligator? >> was there signage to warn people that there were alligators? >> there is signage that says no swimming. >> anything about alligators?
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>> disney will look at protocols and signage i'm sure going forward. >> reporter: do you recommend they add the signs saying there could be gators in the water? >> this is a partnership, i will tell you, and our ultimate concern is about the safety of the guests here at disney as well as the public, and as the investigation continues, we will continue our investigation with the orange county sheriff's office, and i'm certain there will be opportunities in the future to look at what has occurred here and see if it can be prevented. >> reporter: how will they be able to tell -- >> we will get to the spanish media. >> reporter: what process do they go through to figure that out? >> i believe the director explained that process to you about what they doll to ensure they have the right gator. >> reporter: can you tell us what the family was doing along the shore? were they in the water?
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playpen near the water? what exactly were they doing? >> the family, they were vacationing. there was a playpen. a regular pool that is nearby, and they were sitting outside that area. it's a beach-like area, and they were sitting there enjoying the evening, and they have a four-year-old child. there was a playpen nearby. but the two-year-old was just along the edge of the bank playing in the water when this occurred. >> reporter: about 15 hour to the search, did you deliver the message yourself to the family? what was their reaction to the news? >> i delivered the message along with a priest, a catholic priest, and, of course, the family was distraught, but also, i believe, somewhat relieved that we were able to find their son with his body intact one. and two, he was located so they can come to grips with what has
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happened in this situation. >> reporter: how far out was he in the water? >> reporter: nothing to suggest there was a danger in that, and there is a beach area, do you think that the [inaudible] >> i'm not going to comment on that at this time. disney will look at all those issues. >> reporter: can you talk about the state level, the fwc to maybe reduce some of -- review some of the policies or procedures regarding gators so close where children are and visitors. they don't know that our water carries alligators like this? can you talk about that. >> well any, time there's a tragedy like this, we definitely will work with everyone involved to try to determine if there's something
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we can learn, to do something better to make sure this never happens again. we'll certainly be doing that. that's an ongoing process that will take time to work through. >> reporter: does that include changing regulations? >> would include anything, i wouldn't discount any measures we will take or change, we want to try to learn from whatever happens here. [inaudible] >> we have not gotten reports of feeding gator. >> reporter: when is the last time you got reports of gators on the property? >> as we stated earlier, disney has a very proactive program for identifying and removing alligators that are a fear of people and a risk, we remove alligators routinely, and we have an open partnership where they call a trapper or staffer allowed to take out alligators
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when they see one that is a problem. i don't have the numbers for you right now. we don't get complaints because it's an open process. they take the action directly. >> reporter: how far offshore and how deep a water? >> i'm going estimate it was, i don't know, 10-15 yards out and not quite suredeep. what i was told is approximately six feet deep in the water. we will take measurements and all of that, that will come out as part of the investigation. >> reporter: were there other people in the water? was what this child doing permissible in your view, was he doing anything that he shouldn't have been doing? >> there were no other people at the water at the time. and i believe what the two-year-old was doing is what perhaps any two-year-old might be doing as well. thank you, all. we shared the bit of
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information we can share. >> reporter: when is the last time you removed a gator from this? cheryl: we've been listening to press conference, that was jerry demings giving a press conference. the confirmation coming sadly the body of two-year-old lane graves. his body was found located by a dive team about 1:45 p.m. this afternoon, and the remains recovered about 3:30. his body was intact. parents had been informed. we got the names of the parents who sadly lost their child last night, melissa and matt graves. residents of elk horn, nebraska. an official from florida wildlife commission saying they are examining every single gator they've caught. they caught five to see if they found the gator that attacked that child last night. also saying they're working closely with officials at disney world to make sure there is no longer a threat from gators in the area.
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but again, the sad news coming and confirming what many believed we already know, that child snatched last night is deceased, and an autopsy is going to be performed, connell, sad news out of florida. connell: doesn't get much worse than that. absolutely not. let's move on here as we talk about the election alert of the day. and national security on the minds of americans, but they do feel that the united states is generally a strong country, if you look at numbers coming in on that. more voters feel the obama administration made america weaker. that's what we found at 49% in the "fox news poll." donald trump taking aim, there it is, 49 to 40. donald trump take aim at president obama and his response to the other horrible story in florida. the massacre in orlando. >> watched president obama today, and he was more angry at me than he was at the shooter. and a lot of people said this,
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the level of anger, that's the kind of anger he should have for the shooter and these killers that shouldn't be here! >> right now let's bring in jonah goldberg, "national review" senior editor and fox news contributor kristen haglund and emily shyer, buckle editor. there is so much talk about building a talk and the things that mr. trump has said but made a very interesting point and said that president obama is more concerned about his anger at him instead of worrying about the security of our nation. does donald trump have a point? does that help him? >> i think it's a perfectly good political talking point, and it is absolutely true. i'm no fan of donald trump's and no fan of barack obama's, it's absolutely true when obama talks about donald trump, it's monotone, he doesn't like to
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use terrorism or radical terrorism, just by the optics of the tantrum yesterday, he clearly trump is in his head under his skin, it's a bad move for the president. he's handing an issue to trump. cheryl: kirsten, most importantly, governor rick scott of florida saying he never received a phone call from president obama. yet george w. bush, the former president reached out to governor scott to offer the families condolences and president obama speaked to francois hollande in france but doesn't call rick scott where. is the focus on terrorism, why didn't the president call governor scott? >> you're seeing americans want to see a response from the president that reflected what they feel, that is underlying anxiety about the direction of this country and whether or not we're safe from terrorists whether abroad or living in this country. the president missed a moment.
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he's an outgoing president. he missed that moment to unite americans and whether he used the term which we know he's afraid of using or not to speak positively. he chose the moment to attack donald trump. it was a missed opportunity but i think it was a missed opportunity for donald trump. americans want to see action, they don't necessarily want to see blame passed around. that's the reason people hate politicians, donald trump bests the opportunity to unite the country as well. cheryl: emily, the topic and what happened sunday morning politicized left and right. i want to read you an op-ed from andrew rosenthal. here is what was written here. your response to that comment. >> the truth of the matter is trump did miss an opportunity with obama, obama as the poll shows is not doing well in term of how he's viewed in strengthening the nation. trump stepped in it by playing
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to the muslim ban and self-congratulatory tweet. 51% of americans don't approve of the way donald trump responded. only 25% do. they don't love the way obama responded. 44% embrace him. obama looks so much better because of trump's response and that's not ideal for his campaign. cheryl: i want to thank all of you for standing by. we had the breaking news to cover. all of you thank you very much. appreciate it. connell: to another important story. trouble in the skies, fox business exclusive report that exposed the dangers of unfair hiring practices at the faa leading to a hearing and how all this put americans at risk, up next. economy is growing, with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in buffalo,
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the fox business report and want answers as well. so liz macdonald joins us from the newsroom with the latest. what happened today, liz. >> good to be with you, connell. there's a severe air traffic controller shortage. adam shapiro last year reported that the faa discarded 3,000 resumes of flight school graduates, though they were qualified for the job. we're trying to find out why the faa did that at a time when the faa is experiencing a severe air traffic controller shortage. the worst in three decades. 25% of air traffic controllers, this came out of the hearing today. a quarter are gearing up to retire. they can retire, but there aren't enough people to fill the spots. so now the fear is coming out of the hearing that air travelers will experience more flight delays. the faa is trying to calm the waters here saying that basicallyul not have any safety issues whatsoever but there are
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70,000 flights a day that the air traffic controllers have to handle. more than 736 million passengers flying in the friendly skies every year. so it is an issue right now that there is an air traffic controller shortage. we'll be watching the story as it develops, back to you. connell: we started it, or adam did and we'll keep watching it. thanks. >> sure. cheryl: hundreds of thousands of illegal immigrants taking advantage of a loophole to stay in the u.s. after their visas have expired. new information how little is being done to fix this problem. it's more than a network and the cloud.
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as well as leasing firms. there are reports saying this is for iran air, this deal, and it could be valued as high as $27 billion. cheryl: wow. well, illegal immigrants are overstaying visas in the u.s., at an alarming rate. immigration authorities admitting to members of congress at least 480,000 people overstayed their visas last year. the immigration agents only investigated .2% of them. jenna goldberg, senior editor of "national review" and fox news contributor is back with us. jonah, we deported 12,000 in 2008. 2015, 2500, who's to blame? >> immigration policy is a mess for a very long time. when people ask me what my preferred immigration policy is always, to have one.
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instead we've turned a blind eye to chaos and inefficiencies and malfeasance and all sorts of problems. the rate, the bureaucrats say the rate isn't that bad because it's only like 1% overstay visas, but in absolute numbers, that's a half a million people. cheryl: that's a big number. >> huge number. the city of atlanta, and washington, d.c. and at this time. one of the thing people want, when i say it's good to have a immigration policy, there is a bipartisan consensus not to do anything serious about immigration. why we see the rise of donald trump, why there is the talk of the wall. people need it to be reassured the government is taking concerns seriously as a symbolic measure, it would do nothing to fix the visa overstay problem. it's a serious problem. cheryl: doesn't it send the wrong message to those around the world that would like to get into the united states, not innocent refugees or innocent
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visitors but those that want to do us harm. the assistant director of immigration was at hearing, he couldn't defend it. he really struggled to defend these numbers to congress. >> yeah, absolutely. and also, the terrorism angle but also the simple fact that when you have so much rhetoric coming out of the democratic party how we have to have amnesty and legalize people, that is like a magnet for people to say, okay, all i need to do is get a visa, get on a plane, and once i'm there, they're not going to get rid of me. it's going to encourage more visa stays, illegal immigration and encourage backlashes that allegedly democrats are against. if we could rationalize the system, there are technological fixes that can fix this stuff. if fedex can track a package around the world in realtime, presumably we can figure out ways to keep track of these people. cheryl: jonah, of course, what
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his excuse was is we need more funding. >> of course. cheryl: that's what the tsa keeps saying, we need more money. is that it? a fair defense of what's happened here? >> of course not. that is the natural response from government bureaucrats on almost every single issue. amazing how 1% cut in the federal budget means the washington monument a national parks shut down because they want to have a political strategy to bother the american people and make it feel worse than it is. maybe if we haven't unionized so many jobs we could have a more efficient meansthis stuff. bureaucracy circles the american revenue first and the american people second. cheryl: stream of illegal immigrants coming in the country, and no way to stop them. jonah, thank you for joining us, appreciate it. >> thank you. connell: another story from the food and drug administration, dropping the hammer on whole foods and doing so over food safety. the fda telling whole foods it
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had until the end of the month to fix serious violations following an inspection, involved the plant in massachusetts supplies goods to the northeast. the problems range from safe packaging to not supplying hot water at hand washing sinks at whole foods. cheryl: think i'm not going to go to whole foods later today. my plan. filler up, why you no longer have to feel guilty about the daily cup of joe? america, they don't call it travel season for nothing.
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>> okay i will do the study, we have been warning people, drink a lot of coffee, they say maybe coffee is good for you. >> a study every day of the week that says something different. >> there you go. >> we'll take it. >> sheryl thank you, it is "risk & reward," with deirdre bolton, starts right now. >> at about 1:45 today, members ofs orange county sheriff office dive team, located what believe to be the remains of the deceased, a two-year-old, identify him in a moments. at about 3:30 today we recovered the remains of the two-year-old from the water. and that body has now been turned over to the orange county medical examiner office for an autopsy. >> tragedy striking disney
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