tv After the Bell FOX Business June 22, 2016 4:00pm-5:01pm EDT
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ceo. not too thrilled with his tesla stock at this moment. stocks closing down ahead of tomorrow's critical british exit vote. [closing bell] there is the closing bell. david and melissa, pick it up here for "after the bell." melissa: stocks dropping in the final moments of trading ahead of another major street in the u.k. i am melissa francis. david: i am david asman. this is "after the bell." we have you covered on names that are moving big today but here is what else we have for you this hour. a big one coming. we're 10 hours away from the crucial and historic vote on the britain's e.u. membership that will have ripple effect the right here at home. we're live in london and berlin with the latest. more outrage with the way the va is threatening and treating our vets. new shocking details how hundreds of wait times and cancellations were that -- manipulated. looks like a cover-up. new round of heated attack speeches donald trump and
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hillary clinton exchanging attacks why the other is unfit for office. melissa: back to the dow. sinking in final moments of trading, snapping a two-day winning streak. scott shellady of tjm investments watching action in gold and oil from the cme. lori rothman from the floor of the new york stock exchange. tell me about the big movers. >> start with the vix that was a huge mover at level of 21. back above that 20 mark. this is one week high for the volatility index. it really signals how investors are nerve vest especially as we come closer to the "brexit" vote on thursday. we won't know the vote until early friday morning. u.s. investors keeping eye on the pond. u.s. stocks moving in tandem with the pound sterling today. look at movers. restoration, shares are a bummer. bb&t analysts saying restoration hardware, why don't you do a
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deal with williams-sonoma? you guys would make a great couple. they make a growth vehicle and williams-sonoma could use higher end furniture line and they have the good, best, better and pottery barn and best might be restoration hardware. hewlett-packard in the news as well. this is mover raising third quarter profit outlook with a plan to discuss updates to it is printing business in particular on a conference call this afternoon. hewlett though down about 5.4%. back to you. melissa: lori, thanks. david: thank you,ry. scott, gold was dropping again today. wasn't a big drop, about four bucks but hit a two-week low. what is going on with the gold play? >> froth coming out of gold because we're seeing some u.k. betting sites saying it definitely will be remain. i ultimately do think some internal polls are still too close to call but i think that is giving stocks or at least gold to at least come off the froth. going -- david: excuse me for
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interrupting you. let's look to the other side. what happens if britain does pull out of the e.u., how will that affect gold and oil? >> you know what smells like to me? smells a lot like y2k. there is nothing significantly happen for a long time. it could be a 12 to 24 month unwind period. ultimately the real answer nobody really knows but i think it will be okay in the end and they will figure it out. i think we get back to basics if our economy is not doing very well, european economy, neither is asia, that will not change in one night. david: donald trump talked about it today. we'll talk about later in the hour. scott shellady, great to see you, thanks melissa. melissa: we're less than 12 hours away from britain's historic vote that will decide whether or not the country remains in the european union. charlie gas is our fox business -- charlie gasparino is our senior business correspondent live in london with the latest. you have your finger on "the pulse." how will it turn out, charlie? >> nobody really knows.
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we just had richard tice head of the lead movement exit the ea he gives us a rationale why bookies are wrong. remember the bookies are saying likely to remain and why the polls are right. i could tell you my unofficial survey is split doesn't middle in london. you would think this is remain camp. i will say that, the markets priced in remain. the markets think they will stay. if there is "brexit" a britain exit, my guess is friday will be one hell of a market day because markets hate uncertainty. they price in certainty. they price in odds. they're pricing in odds of remain, generally bookies have a good record but it is going to be wild on monday. wild for the u.k. markets. wild for the pound, if there is a "brexit." it has got to spill over to the u.s. markets. i would guess the british banking system will be closed under that scenario.
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we'll probably work the phones all weekend to gauge the market turmoil worldwide. that is what i would say, if there is an exit, all of us will be working overtime this weekend, for the next couple days. guys, back to you. melissa: charlie gasparino. >> by the way, you know, you know how much i love to work at nights. while you know -- david: right. melissa: you're okay with nights. i feel you don't like weekends or early mornings. i think early mornings what you really don't like. >> yes, yes. why is that? david: always happy hour somewhere in the world, charlie. melissa: charlie gasparino, thank you very much. u.s. investors avoiding big moves a day before the vote. let's bring in today's panel. scott shellady and jared levy from profitable trading. jared, you heard charlie break it down. are you concerned about the immediate aftermath? >> i am concerned about the immediate aftermath but i follow
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the money. scott will back me up i'm sure 100%. we spend our lives making odds. the bookies who are making these wagers, let me just say this. for every dollar risked on a "brexit," they're paying 3, in other words you would get $3 on a dollar bet if britain leaves. you would get 30 cents in they stay. that is a huge spread. these guys, i don't believe in my mind they would be making those kinds of spreads if they didn't feel much better about britain staying in. i'm in the britain stays camp. if they go, like scott said earlier, it is two-year unwind. melissa: scott shellady, who knows more about economics than bookies. >> a lot of them are great traders too by the way. melissa: there you go. >> i would say this, jared's right. that what i've seen. i have a british it passport. i have a british passport. i think they should leave, okay. that is just me. ultimately at the end of the day it will mirror trump-clinton. trump is unknown.
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he is leave camp and clinton is same old, same old we'll remain and away we go. they will have their clinton-trump election a lot sooner than we are. i think that is how it is lining up. ultimately i this polls, not polls, bookmakers have been right last 10 years and polls haven't. so i think they will ultimately remain. melissa: trust the bookie every time, we buried lead, scott shell -- lady, has a british passport. elon musk is in strange position, propositioning one company he started to join another company he started. the stock of the potential buyer tesla, getting hammered by the incestuous nature of it all. scott, i want to go to you. we all have a stake in this company basically the business model, everything elon musk starts has a government subsidy in it. that means taxpayers have to -- >> 100%. and that is what i think stinks
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with me here on this deal. ultimately, today i can kind of make the leap they're making about quote, unquote energy but they're two totally different business. i think what he promised to deliver in the future here, in the very short term i think they will struggle and i think stock market is telling you that too. i don't like it and i think a lot of people are in my camp on that one. david: jerold, is there conflict of interest? elon musk will pull back, not vote or part of the negotiations but some people still say there is too much conflict of interest. >> the guy owns 22.2 million shares of solarcity. i would say he is little piece after conflict there. i know the company really well. in fact i've been looking at solar on my house. in five states solar makes sense. in the other remaining states, not so much. business model is a little quirky. they're spending a lot of money. david: right. >> i don't think it is good for tesla. there is mix of batteries and
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energy stores but right now i don't see the answer. david: would tesla exist without federal and state subsidies? >> i don't think so. i know that will be kind of inflammatory but at the end of the day, earlier on they really needed those subsidies bad. david: thanks, guys. melissa: fedex taking a tumble. the stock having its worst day in five months after providing a cautious outlook. meanwhile, this part caught my attention. company ceo warning to both donald trump and hillary clinton are quote, worrisome for business. david: hmmm. melissa: jared, let me start with you on this one. he said, i would say we have a hard time putting up list of things that don't concern us given these two candidates positions. he is worried about the anti-trade rhetoric and anti-business positions. what do you think? >> right. full disclosure i own shares of fedex here. i like the company. they had a great quarter. i do think there is validity to his point. i think he is doing a good job at controlling expectations and prepping shareholders and perhaps the candidates they need to stop with the rhetoric and
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get to bass tacks, explain to us exactly what they intend on doing. i do think wildcard more with trump than it is with hillary. like scott said, that is really what it is all about, figuring out the best course of action for stocks. i like fedex. i think it's a buy here on this dip. melissa: scott, he was talking about trade and about china and obviously donald trump and he said you don't threaten them, you don't negotiate by threatening them to take everything away. yeah, you do. i mean that is the basis of negotiation is that you are prepared to stand up and walk away from the table. you can not negotiate unless you're willing to say you know what? take this deal and shove it. >> i would agree with that. we've had eight years not really negotiating. we're going in with the expectation of losing but he is a leader. he wants to go in with the expectation of winning. that is what you have to do. you can always come back but you can't move forward. that is the problem. i agree with what he is saying. thing i'm worried about with the fedex thing, is this. that is older business.
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that is harbinger might come around in the short term that doesn't bode well for economy. whatever happens tomorrow or friday we still have our own internal problems hearse in the states. melissa: guys, thanks so much. david: good discussion. the clock is ticking on social security. new details on when the well is expected to run dry. melissa: the man who tried to assassinate donald trump in vegas last week was here illegally. he overstayed his visa. stephen yates, former national security advisor to dick cheney, says these visa issues are more serious than you think. he will explain. david: i would say so. donald trump and hillary clinton continuing to hammer each other today. both trying to illustrate trying to say why their rival is unfit for office. >> her campaign slogan is, i'm with her. you know what my response is to that? i'm with you, the american people. t got interesting. why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph,
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melissa: donald trump slamming hillary clinton in what may be his harshest attack on her yet. just one day after clinton blasted trump on the economy the presumptive gop nominee firing back, naming clinton as the most corrupt person to ever run for president ever! >> hillary clinton and as you know, she -- most people know, she's a world class liar, just look at her pathetic email server statements, or her phony landings. hillary clinton wants to be president but she doesn't have the temperment or as bernie sanders said, very strongly, the judgment to be president. david: all right, by the way, this is the book, clinton cash, from peter schweizer very heavily referenced in the speech as providing -- melissa: movie now. you watch the movie. david: some idiots in the
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mainstream media this book was discredited. not true. "wall street journal," "new york times,," new yorker, all relied and verified information in this book. the author will be with us on friday. you don't want to miss that. hillary clinton firing back at the presumptive republican nominee, mocking trump for his economic proposals. >> what i am proposing to what we hear from donald trump. [booing ♪, the proclaimed king of debts ha no ideas to make college more affordable or addressing the student debt crisis. he has no credible plan for rebuilding our infrastructure, apart from his wall. melissa: here now is kirsten hag land, former his america, political commentator, and capri cafaro, state senator from ohio. thanks for joining us. melissa: kirsten, he put together for a lot of people why
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everybody cares about the email. i'm not sure everybody makes that connection out there, that the server was set up to hide the fact she was basically selling america to make herself rich. she was selling favors out of the state department of the server was meant to cover that trail. do you think people out there get that connection? >> i think he made it very clear. i mean he did use the entire time to lambaste hillary. he was able to hit on and highlight what americans feel insecure about when it comes to the clintons generally and that is these fears that she is corrupt. they're both kind of sneaky and slimy with some of their business dealings in conjunction with their political successes. so he knows that is a weakness of hers. so he hit on that very, very strongly. i think people that are in hillary's camp of course they will not be changed or moved by any of his words but for a lot of independents, especially bernie supporters, he played a lot to that kind of populist sentiment and made a play for bernie voters, highlighting that
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for them why they should go for him in his eyes and not for hillary. melissa: capri, that is lot what they heard from both of them. they know who they have and they were reaching for bernie supporters. he was saying she is corrupt politician which would appeal to bernie people who are sick of the rigged system. she made the appeal to the bernie supporters by free college. >> student debt that sort of thing, exactly. melissa: yeah. >> here is the thing with both of these candidates, the american public already have a pretty well-formed opinion of both hillary clinton and donald trump. so who are the undecided voters i think is real good question. melissa: people that liked bernie sanders. >> they're the bernie people. melissa: right. >> so donald trump is trying to play to their sentiments in regarding to trade and the economy. hillary clinton is trying to play to issues that donald trump is not speaking about. both hillary and trump are trying to, you know, prey upon each other's perceived weaknesses which is what happens in an election. melissa: okay. but kirsten, so her play to these people again was this idea
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of giving away college. she had five points she was going to and you know some of them were more clear than others but one was this idea she is going to give away college. my concern is that is, when you make something free that ends up being what it is worth. >> she did say debt-free college. that was interesting her choice of words. that was definitely play toward millenial vote for young people. here is the thing. a lot of millenials, i know ones that worked on her campaign have said they just don't feel like she is real. when she says these things, makes these promises and goes out and what she puts out in front of the podium is different than what she really believes and is different offstage. so i think that millenials have a real high bar and good radar for you know, seeing if someone is authentic or not. i think they will see that with her. melissa: real quick, capri, last word. >> real quick. when you're dealing with free college at the state level, this is really state issue, not federal issue. this is not something the
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federal government frankly has a lot to do with. melissa: that is a great point. you would know. guys, appreciate it. david: marco rubio making it official. a lot of people wonder whether he is vice-presidential choice for donald trump. this seems to auger against it. running for senate, reversing a promise he made a year ago to return to the private sector. some say he would be waiting for call from donald trump. rubio explaining to chris wallace why he changed his mind. >> no matter who wins the election, the senate's role check and balance from bad ideas from the president will matter more in 2017 perhaps they ever are in our history. that is saying a lot given with we're facing. i deeply believe i can contribute to that i want to contribute to that. david: the full interview tonight on "special report" on fox news channel. >> shares of retailers bed, bath & beyond plummeting after first quarter results. go back to lori rothman for those numbers.
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>> this might be more evidence that amazon.com is taking over the world, the retailer. it's a miss. shares plummeting 7%. 5% coming back in the extended session. still not great. only good news they are sticking by their full year 2016 earnings guidance but it was a miss top and bottom line on eps and revenue but the analysts say that bed, bath & beyond has been late to the e-commerce game and most of its merchandise can be commoditized. essentially you can buy anything that you would go into a bed, bath & beyond store on amazon.com. so that is the trend. back to you. melissa: lori, thank you. david: we've got some emails but no answers. former state department aide is being grilled over hillary clinton's email scandal today. we have details from a closed-door deposition. plus, pushing for gun control on capitol hill. >> this can not stand! we will occupy this floor.
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david: proceeded pleading the fifth, former state department i.t. specialist invoking his constitutional rights while being questioned about the hillary clinton email scandal. catherine herridge is there with latest details. >> thank you, david. "judicial watch" tells fox news the deposition of clinton i.t. specialist bryan pagliano lasted hour 1/2 and he invoked the fifth more than 120 times. he read off index card and read the same statement each time. at end they said it was a said day for government transparency. pagliano struck immunity deal with the justice department as part of ongoing probe of clinton email practice. he was well within his legal rights.
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we contacted his further but there was no further comment. hack of dnc is giving reporters new window the clinton campaign is worried about how to combat them in the media on use of unsecured private server by then secretary clinton for government business. the documents say the emphasis by the party should be placed on how use of a private email was not prohibited that federal regulations give government officials the flexibility to determine which emails are pub and she turned over more emails than any other secretary of state. meantime the head of wikileaks, julian assange, still holed up in the london embassy is promising to release clinton emails within the next few weeks. this does suggest that the clinton server was compromised by a third party and nsa whistle-blower says there is no doubt in his mind that clinton and her team put ease of access to the server over security. >> i mean even putin is saying he will release some of the emails. so you know, it shows when you take it out and put it out in
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the open environment that it is vulnerable to attack from all people in the world, hackers, governments, everybody. reporter: the clinton campaign consistently maintained there is no evidence of a breach but now we've got this promise of emails from julian assange who has a track record of providing authentic documents. so this is making that argument that much harder to sustain. and finally to be clear while mrs. clinton said her use of private email was allowed the state department watchdog, the inspector general, found that she and her team violated each one of the regulations when it came to her email practices, david. david: one thing we know, you and your team will get the information before anybody else does. melissa: they're all over it. david: congratulations, chairmaning herridge. >> thank you. david: thank you very much for coming on. melissa: georgia congressman and civil rights icon john lewis leading a sit-in on the house floor with dozens of house democrats. it began 12:30 today. they're demanding that house republicans allow a vote on gun violence legislation.
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the house had been expected to debate the financial services spending bill for this year but who cares about that? david: right, right. melissa: democrats contend they will keep protesting on the floor. i think until they get really hungry. david: i think they're just having fun. manipulating wait times at the veterans administration. shocking claims that the agency is misleading our veterans once again. >> plus new details on the man who tried to kill donald trump. how he was in the country illegally and why might be a bigger problem than refugee crisis. >> i learned about it watching television. they didn't tell me about it. they're probably better off not telling me bit. the policeman whose gun tried to be stolen by this maniac, was really fantastic. the heirloom tomato.
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david: bed, bath & beyond, lori, what are the numbers? the. >> hi, there, guys. david, looks like in line report for barnes & noble. we were looking for a loss of 24 cents a share. pretty much what we got. same-store sales were down as well. shares were little higher in extended session. and that could be because if you take out the nook sales, the digital readers, they were down, let me be more clear. they were down 20% which is tough but overall same-store sales were down not even 1%. .8 to be exact. that was better than forecast. david: forgive me, barnes & noble.
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we did bath and beyond later. melissa: earlier. david: thank you, lori. melissa: we're hours away on britain's vote whether or not to remain in the european union, a decision that could have huge implication for global markets. adam shapiro standing by in germany, a country with more at stake in the decision than any other e.u. nation. talk to me about this, adam? >> sure. well, melissa they estimated that german gdp could lose something like $50 billion, equivalent of $50 billion should the u.k. vote to leave. there is also discussions though that if the u.k. were to leave, potentially you could see firms moving their financial offices to frankfurt, the financial capital essentially of germany. but we're in berlin, the political capital. people here are watching this very closely. a lot of what you might call expatriates or expats from the u.k. this is international city. people from all over europe but especially the u.k. we met up
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with one who is a politicalcut ant. his name -- political consultant, john worth. he lives here in berlin. he in fact tomorrow have a referendum party to see which way the vote goes. here is what he told us today. >> i think the european union itself might actually work better if britain were to leave. britain has been the complicated member state. european union. they're the country that doesn't participate in the euro, doesn't participate in the schengen. britain has difficult relationship with the european union. if britain were not in, it might make policy making in the european union a little bit easier. reporter: and so john was saying that he voted actually to remain despite what you just heard. angela merkel, the chancellor here in germany, has been meeting with the austrian chancellor and tomorrow will be meeting with labor leaders as well as chiefs of several companies and trade unions.
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she is going to hold press conferences but we're told verboten to ask questions. we're not allowed. she might say something about the vote in the u.k. of course the finance minister here, said look, out is out, in is in. it is up to the u.k. to decide. the feeling in germany it would be best for everybody in the u.k. if the u.k. decides to stay. so with that, melissa, i will say good night. have a good evening. >> nice. don't do anything that is verboten. >> you meet like -- david: divided whether or not to remain in the european union, donald trump thinks it would be best for that country to go it alone. take a listen. >> my inclination would be to get out because, go it alone. it's a mess. there is such a mess over -- when you look what happened, as an example with the migration. when you look at the things going on over there, my inclination would be go it alone and go back to where you came
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from. david: joining me now, peter morici, university of maryland, economics professor and martina booth, former advisor to the federal reserve. peter, is trump on to something here? >> absolutely. i sent a column i published with fox news over to his campaign that it could be good for the u.k. to leave. it really doesn't fit in the continental community that well. i think its future being financial country, services country is more oriented towards north america and asia. everybody talks about the tariff. you know what the average tariff in europe is? david: what? >> it is about one 1/2%. virtually free trade without being in the e.u. david: danielle, you think the brits will probably vote to leave but you think donald trump is wrong and they're making a mistake, why? >> no, no. i apologize. but actually the opposite. david: oh okay. >> i wrote in my newsletter. david: we got the wrong info. go ahead. >> no i think the vote is
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actually going to be for them to remain but i would certainly prefer they would leave. i'm actually right there with donald trump and think that, just in a pure business sense, that british it companies would be better off if they were to leave. i don't think that will happen because of fear-mongering campaign that has been so successful in scaring so much of the population about the ramification if they were to leave and trust me, there will be short-term rumblings. that should be the case with any -- david: peter, you're jumping to get in. i want to ask, trade deals are not easy things to accomplish. they could be criticized by donald trump as he always does but they do take years to work out. if they pull out of the e.u., wouldn't it take a long time to develop all these trade deals with u.s. and then each individual country in europe? >> well there are situations which they have taken a long time. look at mexico. it has trade deals with just about everybody. they negotiated pretty quickly. david: look how long nafta took,
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it took years to develop between u.s. and mexico. >> i was very much involved in that. what tends to happen you set a deadline. not much happens until within six months of the deadline. my feeling the british economy is already so substantially open and similar to ours in its organization and regulatory structure, for example if they wanted free-trade agreement with us and whoever the next president was willing, i as former trade official can tell you we could do this deal in six months. david: wow. >> if we wanted to, we could do it. david: danielle, what do you think is best for the individual brit? do you think they would benefit somehow because you heard george soros say it will cost them 5 or $6,000 each down the line as a result of pulling out of the e.u.? i guess you would not agree? >> actually, i would not agree. i think the average -- i think the morass being created, i think the migrant crisis in europe will be one of the
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costliest challenges as a gentleman wrote in the "wall street journal" today, since the dark ages. i really do not think that people appreciate how expensive this is and i think they have got their eye on the wrong ball. i think italy is where the action is going to be because of the extremely quick rise of the far-right movement there. 19 out of 20 mayoral elections on over the weekend were taken by this far-right movement. and italy is much bigger issue. i think that is what got angela merkel worried. david: i wouldn't call them far right. they're conservative. they're not fascists given history of italy. they're anti-establishment, yes, that is absolutely true. >> there is nothing wrong with anger -- average italian taxpayer, not that there are that many of them, but average italian taxpayer spends $15,000 a year just to cover the cost of migrants in their country. it is a lot of money. david: it is. danielle, peter, thank you very much. good stuff. appreciate it.
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melissa? melissa: new details regarding the man who tried to kill donald trump last week at his rally. michael sanford is a british citizen. he was in the country illegally after overstaying his visa by nine months. here now is stephen yates, former deputy assistant to vice president cheney for national security affairs. stephen, thank you so much for joining us. they think about people coming over the border from mexico, or even they think about extremists coming in through the airports with the intent to harm. they don't necessarily think about people like this man that you wouldn't suspect comes on a visa from london, never leaves. >> right. actually one of the largest challenges we have. we have a lot of sensational feelings about refugee programs and others but those actually provide infrastructure that gets a lot of information about the people who are coming and while might be insufficient it is still some infrastructure that tracks these people once they're in our country. if you are just coming over on
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visa waiver program country, you come straight into the united states with minimal information and minimal infrastructure to follow up. after 9/11 this was one of our greatest fears looking at continental europe moving to have visa-free travel among countries and other organizations taking advantage of this to penetrate. melissa: not only that, but just looking at numbers here, this is from the department of homeland security. in 2015 they revealed that more than 482,000 individuals overstayed their visa into the united states. so that is half a million people. you talked a little bit about the mechanics of tracking them but i know people have come to new york for business, from european countries who want to stay and have enrolled in schools. we have to go because our visas are expired. i wonder who will show up and tell you that you can't stay if you overstay? what is the mechanism there? >> well usually there is going to be a mechanism -- if you come from a work visa, there is someone responsible to the united states government for
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having been a part of that process. when you go to a academic institution, a point of contact at the school that is supposed to be tracking students that come. at universities the numbers are overwhelming. there is no way they're keeping good track of this. melissa: right. >> in some ways our legal system is so broken that the companies want people to stay, just taking forever to extend. there is a the part of this that has to get fixed but meantime we're at risk of being abused. >> what do we do to fix it? now that we know about the problem what is the first thing we need to do right now? >> we have to look carefully about increasing infrastructure at organizations that responsibly receive migrants. that doesn't deal with the visa free waiver countries. that is real did i difficult one with negotiations witha lies how we screen and track people generally. that is only with appropriate surveillance will we ever get any kind of handle on but with this particular incident, surveillance would have never
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indicated this guy was a problem until it was too late. melissa: absolutely. stephen, scary stuff. thank you. david: i want to find the guy responsible looking out for the guy responsible for assassinating trump find out who was responsible make him pay. maybe that is a message to others. athletes saying no to rio. the latest one to opt out of the olympics because of zika virus fears. that is coming up. social security drying up, when the reserves may run out of cash. we'll tell you when that is going to be coming up next. ♪
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details live from the white house. hi, blake. reporter: hi, david. treasury secretary jack lew ran through the numbers for us today. i will give you a few examples of the predictment social security faces not only medium term next couple decades but much longer than that here is the first. 2034 is the headline number. that is the top line number, when reserves according to the treasury department will go dry if nothing else changes between now and then. at that point they say, recipients will be getting only 79 to 74 cents on the dollar versus what they would otherwise be getting should nothing change between now and before then. the second, the year after that, 2035 the cost of social security will be at that point 6% of the gdp. that is a big change from the 5% that currently is right now. and then if you're looking at a much longer term picture, say a child that is born today, over the next 75 years, they estimate
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that during that time span, seven plus decades, on average, social security would be running a deficit of some 2.6%. of course this is bound to make its way into the presidential arena at some point. debt has been a big issue as we know. donald trump for the most part has talked about social security in general terms saying that he will save social security without killing it by bringing in part jobs back. hillary clinton says she wants to expand the program. one of the ways she talks about doing it would be by removing the cap on certain taxable income. that is what lew talked about in part earlier today as well. here is the treasury secretary from this morning. >> we'll have to have a bipartisan discussion. it is going to have to involve addressing the tax base. we don't put a social security tax on income above a certain level. that level is not very high. it is around $110,000 a year. and there are, as the president said, a lot of people who can
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afford to pay more. reporter: david, the critics on other side of that, if you remove that cap that would amount to tax hike on a lot of high income earners. david: working so badly now, such a ponzi scheme right now, just make it bigger. melissa: what a great idea. david: break burman at the white house. thank you very much. >> cleveland rocked by fans with more than a million catching a glimpse lebron james and rest of the cavaliers. bringing home the first national title in any sport since 1964. good for them. david: what is professional athletes smoke cigars getting away with it. hurting our heroes. new allegations that department of veterans affairs manipulating wait times. wait until you hear this one. but, you've got hum. so you can set this. and if she drives like this, you can tell her to drive more like this. because you'll get this. you can even set boundaries for
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approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or
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david: more troubling news out of the va. records of hundreds of delays and cancellations and appointments at a texas va were manipulated. this from a report with the department watchdog. we have amber smith, former combat pilot of veteran of iraq and afghan was. amber, it appears what happened, these records were manipulated to make it appear falsely, make it appear like it was patients that changed or canceled the appointments when in fact it was bureaucratic mess-ups. that is bad stuff. meanwhile veterans are dying to get in there literally. >> yeah, absolutely. i want to know how many more scandals have to break, how many more i.g. reports that came out of houston that outlines the failures as a result from the department of veterans affairs before the administration, before president obama, before secretary mcdonald wake up to the facts that we need to see some real change at the va?
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i would love for them to see, make a priority in terms of downplaying the issues that are going on and the problems plaguing the veterans that have to deal with the system every day. david: you know, i have to keep saying this, i know a lot of doctors that are involved in helping vets and they're very good people and a lot of veterans have good relationships with their doctors. it is administrators. it is pencil pushers erasing and changing records and creating so much of the foul-ups, wouldn't you agree? >> it is. there are good va clinics across america especially in the metropolitan areas but unfortunately, if you have a good va clinic in washington, d.c., or newport news, virginia, where there is a large military population, that unfortunately is the exception, it is not the norm. across america in these more rural areas, you're seeing these va clinics with an older veteran population who are really having to dig through this red tape and
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making it harder to access the system. david: maybe we could rip up the red tape. why not take aaccumulated, i don't know how much the va costs, cost to $100 billion, you cut vouchers to all veterans in the united states. here is a voucher for 10,000, 15, 20, whatever it is you go and get care you think is best because you're a grown-up, you can do that. why not do something like that? >> real positive change means fundamental reform across the board. it starts as you mentioned giving veterans choice, to pick their doctor and their health care provider there. is more to it than just that. there has to be accountability among the ranks al all level for employees promoting unethical behavior, fiscal mismanagement and overall gross mismanagement. we need leaders willing to get rid of mediocrity. david: if you gave individual veterans a voucher, you could get rid of the bureaucracy. in my mind that is the best answer. we have to leave it at that
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amber smith, thank you so much for what you've done for the country. thank you, amber. >> thank you. melissa: another high-profile athlete dropping out this year's olympics in brazil. fourth ranked champion golfer rory mcilroy is not willing to take the risk, releasing this statement. i come to realize my health and my family's health comes before anything else. the olympic committee of ireland says it is extremely disappointed, not to have him on the team but they respect his decision. a lot of people making this decision. david: i wonder why he is not going to get pregnant. melissa: it is transferable. david: i guess so. on the run. she is wanted for robbery but where did she hide the cash? ♪
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david: she stole valuables from two homes in los angeles wearing a green and yellow bikini. the key issue they don't mention in all the stories, where did she put the money? did do you see any place where it could go. i don't. looks pretty well padded. melissa: risk and reward my friends. i have nothing to say, bye-bye. >> she is a world class liar. hillary clinton politics of personal profit around even theft. she ran the state department like her own personal hedge fund doing favors for oppressive regimes and many others and really, many, many others in exchange for cash. no secretary of state has been more wrong more often and in more places than hillary clinton. [applause] her decisions spread death, destruction and
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