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tv   After the Bell  FOX Business  July 7, 2016 4:00pm-5:01pm EDT

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you know what we're going to do? we'll put all the goldman's 13 names and ones dan like and doesn't like. on the facebook page. here comes the closing bell. [closing bell rings] for now let me hand it over to david and melissa for "after the bell." melissa: stocks reversing their earlier gains ending the day in the red off of session lows. there you can see the dow down 25 points. i'm melissa francis. david: and i'm david asman. this is "after the bell." we got you covered in the markets. first here is what else we have for you at this hour. two showdowns in the nation's capitol. race for white house taking center stage. first the fbi director standing by his decision, making his case for not recommending criminal charges against hillary clinton. this hour we're going to be speaking to one of the lawmakers who is demanding answers from jim comey. fox news's greta van susteren breaking down the fbi's verdict. then time is running out for
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donald trump to unite the grand ol' party. we're just less than two weeks until the republican convention. we're going inside of trump's meeting today, with republican leaders inside of the beltway. melissa: back to the markets. stocks steady but the dow is ending the day as investors wait for tomorrow's crucial jobs report. it is ending the day lower. phil flynn, price futures group, fox business contributor. watching action in oil and gold from cme. lori rothman on floor of new york stock exchange. lori, go to you first. talk to me about today's trade. >> hi, melissa. what is turn around late in the day. crude oil, ininventory report with much smaller than expected draw reported by the government. we'll still talk about this in detail. really crashed. that took the bottom out of the market but i think there is a lot of anticipation about tomorrow's june jobs report. we had the adp report as you know, the sort of precursor. that came in a little better than expected. 172,000.
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13,000 better than expected private payrolls read. maybe there is optimism. that is some of the buzz on the floor late in the session. we made up 100 point deficit on dow this afternoon. we'll close lower for benchmark averages. it was off more than 100 points. let's look at some big movers today. a company, organic food company, whitewave foods, shares up 18 1/2%. danone, 12 1/2 billion dollars purchase of whitewave foods. that is quite a premium for the shares of that company. that lifted many other food stocks to lifetime highs today. there is a list of some of them. pepsico, pretty good earnings, jm sucker. all with nice gains. back to you. david: thank you, lori. oil seeing a huge reversal today all happening about 11:00 a.m. oil dropped like a rock. as we heard from lorely, it was because of this inventory report. phil, explain. >> basically we got our hopes built up for a real bullish report from the american
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petroleum institute said crude oil supplies fell by 6.7 million barrels! oh, my goodness. this came in line with expectations but wasn't nearly what they said in api. only 2.2 million barrels. it set the stage for a poor report. we sagas lien production soar to the highest level ever. demand, record high, 9.8 million barrels a day. refiners are keeping ahead of record gasoline demand, creating a glut, putting further downward pressure on price. gold we pulled back first time in four sessions. a little profit-taking ahead of that jobs report. i think the move, dave was negative on oil. it doesn't bounce back. they were concerned about the jobs report doesn't bode well for demand. david: bodes well for going to the gas pump. thank you. melissa: investors worried ahead
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of tomorrow's key jobs report. let's bring in today's market panel. jonathan hoenig from capitalist pig hedge fund and scott martin, kings view asset management. they are both correcttores. jonathan -- contributors. jonathan what are you expecting tomorrow? >> this makes market difficult. easy to analyze economics but politics is what the jobs number is. it is really a crapshoot. there is so much intervention from the federal reserve. what worries me a grit print on jobs number could send the stock market and bond market into chaos. i think we're in bull market. 140 new highs and 40 new lows. most stocks are doing quite well. the jobs number tomorrow is a big question mark. when it comes to intervention anything goes. melissa: scott, we got absolutely slaughtered last month. up 38,000. way off what estimates were. a big surprise for everybody. what are the odds something like that happens again?
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>> probably unlikely, melissa. i think that was kind of the stinker you get every six to 12 months in the jobs picture. key thing to your point revisions we saw a month ago were absolutely terrible and that is where you need to look if you're an investor. the headline number means something but look at revisions. that is finalized copy of the previous two months had in story. i think revisions heading downward i think this jobs market probably has seen some of its best days already. david: let's turn to banks. jpmorgan could be forced out of the uk. ceo jamie dimon revealing the bank might have to move thousands of staff out of britain if it loses automatically right to sell financial services to european union. scott, this is something called pass forwarding. it's a great bank convenience that london could lose as a result of vote. that is a big problem, no? >> it is a real shame and something, david, wasn't really foreseen by a lot of the "brexiters" if you will, talking
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about getting out of eu, was collateral damage could be created in the job market. let's face it. let's not overhype this. banking will not stop being done in london but with regards how they conduct business with the eu which is a major partner of theirs in the banking system, that could change. therefore costs the english some jobs. david: jonathan will not only cost jobs but cost money. how might it affect jpmorgan stock? >> i'm worried about the banks, david, i have to tell you. they are the weakest of all the sectors i follow and especially the european banks. deutsche bank at 52-week low. even goldman sachs is at a 52-week low. european banks and both uk and non-uk have been obliterated. britain in my estimation here has a real opportunity, they're breaking away from the eu, if they go towards more freedom, less financial controls they could become the hong kong of europe and really grow. my fear they're going in the opposite direction, become more centralized planned, and will be very underperforming not only
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for euro currency but euro stocks. would i stay away from those in the near term. melissa: pepsi popping today. shares hitting a lifetime high as the company beats earnings expectations and upgrading its full-year outlook. jonathan, they said they did it on the back of naked cold press juices. all right. and new organic varieties of toes tito chips. if it is toes seat toe chip toe toe -- tostito chips is good for you. >> they capitalized on modern snacking. >> come on. >> juice is a category didn't exist in the format, 10 years ago in terms of scale. organic trend going on quite some time. pepsi firing on all cylinders. small cap, large financial stock with consumer orient brand legs. this is bull market trend and this stock will continue to rise. melissa: scott, you know it is
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healthy or fannic product i like the most from them? new organic fritos, doesn't have any salt or sugar. totally good for you. no calories at all. have you heard of this? >> sounds like it tastes terrible. i say you would get jonathan to talk about naked cold press juices. he won't tell you this he is expert on that product. pepsi's guidance, they raised profit guidance rest of the year absolutely incredible in this environment which to me has very little visibility when it comes to corporate earnings. melissa: i love good old-fashioned fritos. i can't wait. having them for dinner. david: you can buy it on amazon. amazon reaching a new high for the second day in a row as the internet retailer gears up for the major discount eye vicinity for prime day. i look forward all year to that. melissa: really? david: scott, let me go to jonathan first. if i'm holding the stock do i sell high? that is the old motto, right? >> david, this stock has been high since it is inception. it has been high-priced.
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really no earnings to speak of but, this stock has been unbelievable monster. amazon, just hasn't innovated david, this is company has changed the world. it is worth hundreds of billions of dollars today. david: do i sell it if i'm holding it? do i sell at these price levels? >> i think i buy more, david. david: wow. >> at all-time high, booed indication trend continues. david: i like jeff bezos's grit. jpmorgan is considering getting out of england. he is going back into england. he will add extra 1000 jobs to the uk. that is grit, right? i like that. >> bezos looks for value when others run from it, david. i agree with jonathan actually. i think sampson is a buy here. they do have earnings, now, jonathan. they have turned profit which is absolutely dangerous for some of their competitors. david: it is. >> amazon is an amazing company. david: seems like yesterday the stock was at 350. i should have bought then. which should have today coulda,
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person sounding alarm how the government is holding businesses back. melissa: james comey testifying before congress, defending the agency's decision that let hillary clinton off the hook for, quote, extreme carelessness. david: next, representative nick you will mulvaney faced off with the fbi director. was he satisfied with comey's response? greta van susteren, the legal eagle of all times sounding off. >> did hillary clinton lie? >> to the fbi? we have no basis to conclude she lied to the fbi. >> did she lie to the public? >> that's a question i'm not qualified to answer. i can speak about what she said to the fbi. the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement, we'll replace the full value of your car plus depreciation. liberty mutual insurance.
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>> secretary:said i did not email classified material on my email, there is no classified material. was that true. >> there was classified email. >> secretary clinton said she used one device. was that true? >> she used multiple devices during the four years of her term as secretary of state. >> secretary clinton said all work-related emails were returned to the state department. was that true. >> we found work-related emails, thousands that were not returned. david: i'm willing to bet anybody, that exchange will end up in donald trump ad at some point. one of many heated exchanging united on capitol hill. lawmakers drilling fbi director jim comey for answers on hillary clinton email investigation. congressman nick mulvaney was in middle of it, frightening mr. comey with a -- stomaching mr. comey with a frightening hypothetical.
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>> the result would be exactly same there would be no criminal findings. >> in law was exactly the same and law was exactly the same? >> right. >> the result would be the same. david: i hand thought about that hypothetical. imagine the next president does the same, create as private server away from prying ice of the public sector and comey said, essentially, he or she would get away with it. that was scary to me! >> well, and what i think came out today was the level of risk that she put the country through, the top secret nature of a lot of these emails that the fin by hasn't been able to confirm haven't been hacked. we have these top secret information might be available to our enemies direct result of what hillary clinton did with her email server. what we found out from the director of the fbi, if the president does that two years from now, no criminal charges. furthermore if president staffer does it two years from now, no criminal charges. if a summer intern does it two years from now, no criminal charges. that bothers me and director
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comey admitted it bothered him as well. david: the thing that bothers all of us i think the fbi director, clearly doesn't bother the fbi director his insistence that this statute she clearly violated as intention, the intention of the participant in it when in fact the law itself doesn't have that word in it. even if it did, hillary's reckless use of a private server in violation of the law was intentional. she did intentionally violate a rule, a law, a statute, that says you can't do what she did. >> in fact it is worse than that you wan write laws so you don't have to have specific intent. in fact you put the words gross negligence in the law, where you don't want there to be a specific intent requirement and congress did exactly that with this law. so the director for some reason simply made a decision that the law was not right, never had been enforced like that anyway, he put a specific intent requirement where none existed. david: there was a bombshell for me that came out of today's
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hearing, something that was unexpected, which is in fact that hillary had sworn to things in testimony to congress under oath. she had sworn to things that his investigation proved were not true, and he was then asked why he didn't investigate? he said because i didn't get a referral from you guys, from congress. then the congressman said, well what if we give you a referral, and he suggested he would take the referral and begin an investigation. are you going to refer that, the case of perjury against hillary clinton to the fbi? >> that's a decision we'll make as a group. we'll talk to chairman chaffetz later today. the hearing is still going on with some other witnesses. that got our attention as well. nobody knew we had to make criminal referral. if she lies out in open court like that, is really what it is, she is under oath and tells the fbi something completely different we assume the fbi would look at that as untrue statement, a lie, perjury, apparently not the case. shame on us for not knowing those rules but those are things
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that can get fixed. david: final question, really quick, you will say you have to discuss with colleagues. i can't remember whether chaffetz or somebody else, somebody, one. congressman said, okay as soon as this hearing is over we'll send in a referral. how soon might that come down? >> if it is going to happen, could happen in the next day or two. david: okay. congressman mull available any, very interesting line of questioning mull available any. thanks for being here. we appreciate it. >> thanks for having me here. melissa: donald trump meeting with congressional republicans on capitol hill. details from the private event. that is up next.
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david: donald trump coming face-to-face with congress. presumptive republican nominee meeting with 200 republican lawmakers just two weeks before the republican national convention. blake burman in d.c. with details. hi, blake. reporter: hi, david. so much for former hostility,
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appears donald trump and ted cruz set aside their primary battles at least for the moment. those two meeting during trump's d.c. tour. cruz campaign put out a statement a little while ago, reads in part, and i'm quoting, senator cruz and donald trump had a good meeting this morning. no discussion of any endorsement. mr. trump asked senator cruz to speak at republican convention and senator cruz said he would be happy to do so. now that meeting came as trump spoke to both house and senate republicans during two different venues. for many, this was their first interaction with the presumptive republican nominee for president >> i think we had a great meeting with our presumptive nominee. i think our members really enjoyed it. this was the first time just about everyone of our members had a chance to actually meet and engage with donald trump. >> saying in the mountains of western north carolina, when you learn them, you like them. reporter: despite repeated claims from lawmakers after the meeting that the republican party is unified and will
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continue to be, skeptics still emerged. for example, during the senate meeting, senator jeff flake confronted trump about his old comments regarding john mccain, while senator ben sasse's office put out a statement, david get this, calling the election, quote, a dumpster fire. david: oh. that is tough. >> of course he is still with the never trump. david: blake he is in the minority. i'm wondering how many other people have come out in the senate who were in the never trump category? >> well a lot of folks that we talked to today, david, as they emerged from meetings were overwhelmingly positive saying that first off, that paul ryan was very warm and sincere. they thought this was a message from donald trump talking about the issues and what issues matter to them. david: what, where do they go now? do they go all the way to the convention, never trump people? there is more talk about maybe they will make some headway? >> yeah. pow tensionally and we'll see what the rules committee standing, platform committee
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starts next monday and rules committee meeting on wednesday. there are still a lot of hurdles for those never trump people to climb. just from looking through the rules committee list, a lot of those are stacked with rnc members. that will make it very tough, david. david: good reporting. appreciate it. melissa. melissa: congressman reid ribble, republican representative, that is not easy to say, in wisconsin, was at the meeting. i bet you get that a lot. what was the meeting? tell me about it. >> it was interesting, because response in the room at house republican was pretty subdued actually. mr. trump came in and he was introduced, first by speaker ryan and then he had a nice standing ovation. then there was another introduction. another standing ovation. during the course of his comments, his own prepared remarks was relatively subdued reaction to most everything that he said. melissa: you mean subdued, you guys weren't that found of what he had to say? >> yeah, they weren't cheering
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loudly. there were a few moments he was funny but he can be funny. melissa: yeah. >> but, for the most part, it was all stuff that everybody had heard before. and he wasn't reading from a prepared script or teleprompter. he was just talking to the group. melissa: yeah i was going to say, you said prepared remarks, i was like, hmmm, is reading or going off-the-cuff. you're saying he was going off-the-cuff. did you get a chance to ask questions? i mean, you haven't been a huge fan. so you went there hoping for what? >> no. i went there and i was hoping that what he would do ultimately is come before the 200 plus republican members of congress, who represent literally millions of voters around this country and say, how do we pull this, how do we pull ourselves together? how do we unify this party? what is it that you need to see from me that i could do better, differently? how can i help and how can you help me? please give me some advice how we can pull it together. that didn't happen. melissa: what would you say?
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>> what i would have said to that, first has to dial down some of his rhetoric and he has to be very careful what he says. you can't spend your time in the general election in a similar mode that he did trying to win a republican primary, and for me personally, melissa, he would have had, had to say i will not insult women anymore. i'm not going to say statements that can lead people to believe he is racist. he has to do things that will actually change how he addresses the american people and the broad, independent, electorate in this country. melissa: so, basically you want him to be more disciplined? >> yeah. i want him to be more disciplined for sure and i want hill to be more thoughtful in his tone. i do not believe the name-calling, the "crooked hillary," the loser this and loser that, i don't believe that resonates with many people in the broad voting public. it might appeal to people on the perimeters of each party but doesn't appeal to most normal americans. melissa: we will see.
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you're not alone in believing that for sure. you know, hopefully he will hear some of that advice and do what he is going to do, right? we'll see. >> he is going to do what he is going to do. melissa: that's right. one thing we've learned. congressman ribble, i hope you come back. appreciate your time. >> i will. melissa: thank you. david: he is going back in the private sector. announcing he will not run again. he has nothing to lose by speaking the truth. melissa: i don't blame him. >> the race for the vice president is ticking and so is the clock for both presumptive nominees. we have details on the short list for donald trump and hillary clinton. melissa: lawmakers asking the tough questions, calling on fbi director james comey to explain the decision to put hillary clinton in the clear. greta van susteren, all right, is here next. she is going to weigh in. >> did hillary clinton do anything wrong? >> what do you mean by wrong? >> it is self-evident. >> well, i'm a lawyer. i'm an investigator and i'm hope a normal human being.
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. >> there is a perceived gap between the things you said on tuesday and your recommendation. i beg you to fill the gap. >> i think there is a legitimate concern that there's a double standard. >> this double-track justice system that is rightly or wrongly perceived in this country, that if you are a private in the army, and you e-mail yourself classified information, you will be kicked
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out. but if you're hillary clinton, and you seek a promotion to commander in chief, you will not be. >> my conclusion was and remains no reasonable prosecutor would bring this case. no reasonable prosecutor would bring this second case in 100 years focused on gross negligence. david: it is that question of the double standard that got under most people's skin. james comey feeling the heat on capitol hill. republicans grilling the fbi director on his decision not to pursue charges in the case of hillary clinton's e-mail server. we should mention the first questioner was a democrat, mr. cummings. peter barnes is live in d.c. with the latest on this. he did catch heat from both sides but particularly from republicans. go ahead, peter. >> that's right, david. over the issue of the possible double standard in the recommendation not to seek a prosecution in terms of to recommend no prosecution for secretary clinton in her use of that private e-mail account. and this after the fbi found
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among other things it included more than 100 e-mails with classified material. fbi director comey repeated that no reasonable prosecutor would pursue that case even if clinton mishandled that classified material through gross negligence. there is a law specifically against that, but comey said under it, for a case to be prosecuted successfully, given precedent in other similar cases, a prosecutor would need to prove beyond a reasonable doubt that clinton mishandled classified documents with clear, criminal intent. in other words, gross negligence alone is not enough. >> should have known, must have known, had to know, does not get there you. you must prove beyond a reasonable doubt they knew they were engaged in something unlawful. that's a challenge. >> reporter: comey unveiled a new wrinkle on the case on the hacker known as guccifer, he discovered clinton's private e-mail server long before the "new york times" front page
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story about it in 2015. comey said guccifer told the fbi his claim was a lie. may guccifer pled guilty to hacking charges and is awaiting sentencing in a jail. david: i've heard from a birdie way may not have heard the last from guccifer. melissa: joining me now, greta van susteren, on the record anchor and fox news host. i'm so glad you are here to join us today. i watched the entire thing from start to finish. i was amazed because comey illuminated the idea he does not believe in the gross negligence part of the law. he basically said they set that aside, they've only pursued it once in the past 100 years, and that his standard is really do people know they're breaking the law when doing it. was that your take? and what's your reaction? >> i thought he did weird hairsplitting. he said the standard is gross
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negligence but thought this was extremely careless. i don't know much the difference. look, i thought that was bizarre. i thought what was interesting and what i appreciate from him is how transparent he was. he laid it out in a dispassionate way, people can disagree with him whether or not the standard was met or the elements are. nonetheless, he stepped up and told the american people, this is what he thought. this is how he considered it. look, a lot of people disagree with him on this. that's the fuzzy gray area called prosecutorial discretion, he's the investigator, not the prosecutor on this case. he elected not to recommend a prosecution. he's a former prosecutor himself but a lot of people could certainly have reason to disagree because there certainly was many, many instances where there was a reckless or gross negligence in connection with the e-mails. melissa: and they said did she sign the form where you go through the training and explain to you exactly what
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you're not allowed to do. yes, she signed that form. should anybody working on these things have known they couldn't have done it? yes. he concluded with one thing i learned is that the secretary might not be as sophisticated as people think she is. >> certainly when it comes to technology and e-mails. here's the thing that's disturbing to me is the sort of the what about her aides, chief of staff, people that work around us. they are sort of sycophants and can't do this and she does it with abandon? there were instances where they had noticed there was something awry. people would get e-mails from her, not from a government e-mail address. so lots of people knew and looked the other way and that way enabled her. that does not excuse her one lick. but what in the world are we hiring in government? everybody looks the other way when people do things? >> that was interesting. also he got a direct question if the clintonoundatn is being investigated and wouldn't answer one way or the other. what did you think about that?
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>> i didn't expect him to ask that. prosecutors and investigators like the fbi and the police, they don't tell you who they're investigating. that actually didn't surprise me. but i thought it was interesting question posed to him, look probably that's fair game to look at because all investigations seem to have tentacles. you go one direction and find someone investigating, three other people investigate as well. i wasn't surprised by. that look, the interesting thing is there will be a criminal referral from capitol hill for whether or not secretary clinton lied under oath. and so that's the next step. if you think about it, melissa, she's getting punished so much right now because you never get to get all of this information out of the prosecutor. they go through the e-mails and tell you what was classified and what wasn't? she does not look better in terms of the end of the day of being president of the united states after the beating today that came out. melissa: wouldn't they have said we're not looking at the foundation or not at this time. >> maybe, maybe.
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but he might have slipped and made that mistake in all livelihood. said no, we're not looking at it. he's a smart guy. been around the block with investigations, he's been a former prosecutor. he was a prosecutor under mayor giuliani when he was u.s. attorney. he was a straightforward, you can disagree with him, and a lot of room to disagree with him. he walks out with his head held high, he kept his integrity intact even though he is in many people's minds, wrong. melissa: we will watch you tonight without question. >> thank you. david: he was cool as a cucumber. justice department is not pursuing charges against hillary for the private e-mail server but donald trump has only begun to use comey's charges about misuse of the server in the campaign. let's bring in the political panel to see how this could impact clinton's run. kirsten haglund and mustafa,
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are you surprised that donald trump hasn't used this more? i know he's used it on the campaign trail. so focused on so many other things. why doesn't he hone in on one issue? >> seems like when donald trump steps up to the stage he goes on the stream of consciousness, not directed or strategic kinds of speeches but has used the crooked hillary name he kind for her. you can tell he's been going in that direction, now that he's got the sound bites and the quotes, the direct evidence she did lie to the american people. something the campaign around him is going to harness and use, once you see the trump attack ads come out, they'll come out without question. david: when the ads come out, juxtaposing what hillary claimed and what comey found out that contradicted her claims directly, what is her response? >> i think there's a new challenge, right before the hearing it was more of a political problem not a legal problem anymore.
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the reference back to comey, comey could open up another investigation, that could be not just a political problem but could go back into being a legal problem for her. david: outside of that, once the ads appear where we see the two images, comey and hillary. hillary saying one thing, comey totally contradicting it. what is her response? >> look, regardless of response, donald trump is not raising the kind of resources to make the attacks more effective. and stream of consciousness that we're talking about, he's all over the map. david: kirsten, i'm not hear anything response from mustafa. if they had a response we'd hear it from mustafa. >> this is a huge political liability for her. the fact she's untrustworthy is not newsworthy. people know that, when you see negative attack ads played over and over and over again, it does make a difference especially in the swing states like north carolina. david: people are getting kind of jaded. kind of cynical. >> very jaded. david: that's one in the
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history of the clintons going back 25, 30 years, they rely on that. there is so much of it people say it's the clintons again, of course. what do you expect? >> the process is what you're looking at preaching to the choir. people that don't like her don't like her and people that are going to vote for her are going to vote for her. the independents and soft republicans she has the ability to bring to her side. david: how based on the contradictions based on what she says and comey says? >> the alternative is donald trump with his stream of consciousness is erratic and dangerous. he's a great marketer, using the ability to stay on television and keep the message out there. at the end of the day, do you want to put the nuclear button in the hands of donald trump. i say no. >> or someone who is completely careless. david: it's a choice. kirsten and mustafa, good to see you both, melissa? melissa: the impact of poor regulation and why the government is killing the
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economy. i knew it! that's next.
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. melissa: it is looking like a woman is going to be taking over as the next uk prime minister. the race is coming down to theresa may and andrea led som after michael gove was eliminated on the second round of voting. it will be the country's second female prime minister. david: she's got a hard act to follow after maggie thatcher. concerns about the economy here are weighing very heavily on voters. 84% of registered voters have concerns, according to the latest "fox news poll." next guest says the u.s. economy's potential is stunted and it is the government as melissa has been telling us for years that is to blame. here is walter, legendary entrepreneur and author of government is killing the economy. walter, wonderful to see you, thank you so much for coming in.
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growing at the slowest rate in 40 years. i haven't seen growth like this since the late 1970s when we had the limits to growth mentality. most americans haven't had a raise in 15 years. what do we to to get back on track? >> we have to tackle regulation, waste and fraud. just to put it in perspective. $2 trillion in regulation every year and fraud and waste costs another trillion dollars. that's $3 trillion. the government only takes in $3.5 trillion. so it's just a disgrace. david: the regulations, i was talking to a businessman so frustrated he gave up one of his business proposals. he said it's like trying to run through thick molasses, the most frustrating thing in the world. yes, it was a bad recession but don't come out of recession by making it more difficult to do business as we increase the regulations coming out of the recession. >> no doubt about it. take the irs, 74,000 pages of regulation.
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that's three stories high. businesses pay $288 billion in taxes and they have to pay $300 billion to preparers and the experts to do it. david: specifically, and your book does have solutions, i'm wondering if you talked to the candidates about this. one is that government agencies have become fiefdoms, governments in and of themselves and come out with regulations, they come out with different fees which are a form of taxation. how can we revamp agencies in order to change things. >> my concept is to have a bipartisan board of directors for every government agency. we have the best executive talent in the world. we can have executives and industry experts, half democrat, half republican to make it bipartisan to run every government agency. it would involve -- david: wouldn't that be layering another bureaucracy on top of another one? >> absolutely not. they would volunteer services, no cost to the taxpayer, and they would gladly want to help
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make america better again. david: do you think there would be enough businesses that answer the call. business people that answer the call? >> absolutely. i've spoken to at least 150 business people. they'd all volunteer tomorrow. we are frustrated. we are killing the economy. the regulation is insane. david: we got to do something. anybody, any presidential candidate you talked to about this? >> we've given it both to clinton and trump campaigns for evaluation. david: response? >> not gotten a response yet. david: government is killing the economy. all presidential candidates should read this book. walter, good to see you. >> thank you. david: appreciate it. david: melissa? melissa: gas shares up 4% after hours, the retailer reporting a surprise rise in same-store sales for june. higher traffic and strong start to the month. the stock down about 12% on the year. david? >> the veepstakes is taking center stage now. the candidates' short list are
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narrowing down the possible players in the vp race next. >> i like that too! we like newt. it's the little things in life that make me smile. spending the day with my niece. 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
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remember, medicare doesn't cover everything. the rest is up to you. call now, request your free decision guide and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ . melissa: the veepstakes buzz is getting louder. the presidential candidates are gearing up for party conventions later this month and the speculation over who donald trump and hillary clinton will pick as the running mates is intensifying. who's ahead in the vp race, kirsten and mustafa are back with us on that one. kirsten, donald trump, who do you see on the short list? >> someone who is going to balance him out. someone who's a politician because he's the quintessential outsider. who we're looking at, who has
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the strongest chance is mike pence, he's met with him several times with his family. came out good on both sides and also newt gingrich. melissa: does newt gingrich balance him out? >> he's another old white man but newt gingrich wants politics to shine. he's got to be the star, and recently came out and said donald trump wasn't great when he called out that judge. melissa: that just makes him look honest, though, and not a brown-nose. he gets credit for that. it is balancing. he says wait a second, that was stupid, shouldn't have said that, that could be a good selling point. >> donald trump has demonstrated, he doesn't think he has anything in his gut. newt gingrich and him have chemistry and everybody that gets on stage with him doesn't line up. he may go for something that feels right which is what donald trump generally does. melissa: he's so retro, though.
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he's like so long time ago. >> when donald trump came out and criticized newt's comments for breaking ranks, newt gingrich walked that back. don't we want somebody who's going to challenge donald trump in a good way? i think donald trump's ego and his wanting to have people around him that let him be him is something he values in a vice presidential candidate. i don't think newt is the strongest. mike pence appeals to the social conservatives and gives him clout in the rust belt. melissa: people keep saying chris christie is in it. that seems like the worst choice? >> all of them have challenges politically, but in the end, donald trump's going to do what donald trump wants to do. melissa: that's true. >> and he goes with his gut, and he seems to have a lot of chemistry with newt gingrich, likes him a lot and stump together. melissa: hillary clinton, her choices are a bit more obvious. donald trump is a wild card. seems like, we have a whole bunch of folks but feels like she's down to sharon brown,
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kane and warren. cory booker, hard to imagine, he would outshine her by a lot. what do you think? >> tom perez was on the list. he would have been good. with the tpp thing on the left where people don't want to go with that. he's head of labor secretary. i think tim kaine is the safe choice for hillary clinton. >> i don't think so with the recent investigations and on dodgy ground legally. with everything with the e-mail investigation, he's way too dangerous and risky. i think the democratic party has to focus on unity. bernie sanders threw a wrench into the race. elizabeth warren, even though she represents the northeast it's not constituency they need. she brings in millennials and independents and women voters. they would go after donald trump like a crazy person. melissa: she's a great attack dog. seems kind of ridiculous, them next to each other.
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there is the visual, and then there's also the idea she would alienate hillary's biggest backers, the big banks and wall street. they support hillary clinton more than donald trump. they know hillary clinton is bought and paid for. you can count on her. give money to the campaign, she's going to do what you want. elizabeth warren is a wild card. an enemy of wall street. melissa: she will bring a lot of energy to the campaign. the campaign could use that. at the same time, not just she's bought and paid for, in essence, if she were to come on the ticket, the soft republicans looking at hillary clinton would begin to walk away. they would not have a place to go. melissa: we got to go. i'm sorry. we could talk forever. thanks to both of udavid? david: coming up, bravery, strength and foolishness put to the test at the annual running of the bulls. we've got the video. 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
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if you have medicare parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive,
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and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long. . melissa: and they're off, the running of the bulls kicking off in pamplona!
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>> so stupid but so much fun, if you're 18, 19 years old. where you want to be. thousands of tourists all over the world gather as bulls charge toward a fighting ring with thrillseekers by their side. melissa: that is crazy. that does it for us, here's "risk & reward." >> did hillary clinton lie? >> to the fbi? we have no basis to conclude she lied to the fbi. deirdre: fbi director james comey says hillary clinton did not lie to the agency. congressmen accused clinton of saying one thing to the fbi and the other to the public. this is "risk & reward" i'm deirdre bolton. one of the most intense exchanges came between the director and south carolina representative trey gowdy. here's part of it. >> secretary clinton said there

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