what a day. thank you, i run for joining us. thank you to all of our guests for great coverage on a very important day. regrettably, our time is up, but charles has got it. >> thank you or image. i will. appreciate it. i'm too good a coast to coast, the democrats have now moved further to the left. >> hillary clinton believes that we must substantially lower student that and that we must make public colleges and universities tuition free for the middle-class and working working families of this country. >> trompe vying for supporters. i am somewhat surprised that bernie sanders is not true to himself and reporters. they are not happy he is selling out. i am charles payne and for neil cavuto. we are going to talk about this

bringing in stephen murphy. shelby holliday, a lot of people really supplies, maybe bernie sanders would come into the fold. he has done it somewhat quicker than he had been advertising although it took him longer to get behind iraq obama. what do you make of this and how do you think supporters will react? >> if you look at the polls, his supporters are just not enamored with hillary clinton. especially the pockets where he was really strong like young voters are moved by niels. two polls have come out that show 50% of the voters just don't really want to support hillary clinton. 72% in a recent poll said hillary clinton is not honest or trustworthy. she has big issues at the republican standing on the stage. you can see why beyers no more appealing and anomalous shows it's a very weak candidate.

charles: am sure you will point out historically these things happen. a lot of hillary clinton supporters said they wouldn't back barack obama. she gave up a lot. barack obama didn't give up a lot. she has given up virtually the entire platform to get this endorsement. >> understand one thing about what's going on in the election. hillary clinton is winning a significantly higher percentage of democrats already than donald trump republicans. where there may be some dissatisfaction about hillary being the nominee, they are already for hillary clinton. in terms of the way the race goes forward now, the notion that there's some type of shift to the left, the issues that bernie sanders is talking about, a $15 billion minimum wage and trade deals that benefit the american worker, donald trump is for that.

there is no shift to the left going on. this is where the american voters are today. charles: sanders didn't get what he wanted on trade. he did get free college in minimum wage and these are things that are not pillars will house. this is not why wall street is but millions of dollars the hind hillary clinton. we are talking about millennial's because is where bernie sanders will or will not deliver polling wise does very well, but the enthusiasm, will they show to go vote for her? right now it's a huge? >> the enthusiasm has not been there throughout the primaries. what was important is bernie sanders and if he can convince all of his millennial followers if they have a choice between a terrible president and clinton who maybe they are not excited

about, they may actually go out and vote. that is the big issue for millennialist is whether they will show up to the polls and bernie can mobilize them if he presents that choice, if he excites them about the progressives platforms, not necessarily the candidate. a lot of them will stay tuned to go vote in november. charles: back to the big question that i thought was answered before this election cycle. more people vote for someone they like rather than someone they don't like. to shelby's point, when he's layered it on pretty day, citizens united, billionaires find elections. they pressure more money into the election, defending women's rights to choose, the lgbt, workers against those unscrupulous rich business people, defending minorities, defending the environment. these around issues he did differ in large part with donald trump aside and trade where they were almost simpatico. it sets up traps for donald

trump between now and november to slip up and say something wrong in any of these things. >> yeah, this is a good day for hillary clinton. the shows unity in the party. this is about as late as they could stage this endorsement. the rnc convention is getting started in the democratic convention is right after. what we are going to see with clinton as she is going to be able to lock down most democrats because she's would expect did of your voter. donald trump is a big question mark. he's not always been a republican. he has sometimes been a democrat. does he put together some new different coalition which includes appeal which poll after poll, some of these bernie sanders supporters to view hillary clinton as a tool of two towns. new york and washington d.c. capitol hill and wall street. the fact that she is for all of

these big policy question that the big banks and big companies, can trumpet that new coalition together? charles: stephen, that is a fantastic point. the corridor between d.c. and wall street where they get rich come and make a loss to each other and get rich again. virtually every poll i've seen donald trump has the lead among independents. the trustworthiness issue will not help hillary with respect to that and this big business establishment government type will not help either. >> you know, donald trump may have a small lead among independent. four years ago romney one independent handle late and still lost the election because there are more democrats than republicans and it's a disaster. charles: there are more registered independents recently. that is one heck of a correlation, shall be.

think about this for a moment. all of the primaries that were open primaries, we promote for any candidate regardless of political registration. we saw donald trump win is huge and bernie sanders win is huge. that is why michigan is up for grabs another key swing states are up for grabs. >> you are right. it's all about the rust belt. donald trump looking for victories in november. these are the areas for hillary clinton did not do well in states that michigan, wisconsin. that makes the vp choice so important is trump can pick a vp that helped him win the rust belt coalition of states. he has a shot at winning this election. that is why hillary clinton, bernie sanders event was so important. sanders has to get the white working-class voters on board if the democrats want to be donald trump and actually think they can win by a landslide. they may not win by a landslide. there's a big? charles: let's leave it there

because the stock market might eat the economic win. republicans not letting go of the clayton e-mail scandal. attorney general beretta lynch facing questions from lawmakers paid right now we heard th one earlier. >> had he not taken a close look at the work done by director comey, especially given the extreme national interest in this issue to make a determination yourself, whether you and those working for you agree or disagree with director comey? >> is indicated, i received a recommendation of a team composed of prosecutors and agents. it was a unanimous recommendation on how to resolve the recommendation and the information they have received. i accepted that recommendation. i saw no reason not to accept it. i reiterate my pride and faith in their work. charles: congressmen ron desantis stepped out. the reaction to when she was

obviously pretty evasive on some key questions. >> absolutely, charles. she is basically displayed contempt for the american people. she is not only not going to discuss the facts of the case or how she analyzed the case or even the underlying statute that are at issue. you know there is a question about whether gross negligence is enough. directors comey suggested you needed to break the law in addition to gross negligence, even though that is not what the statute says. lynch isn't answering any of those questions. it is frustrating because she is willing to opine on things when she wants to. remember, she said she was going to prosecute anti-muslims beach. the civil department should bring civil actions against so-called climate change deniers and the most effective tool for fighting terrorism is love. so she will talk when she wants to. but i think her silence today is really indicative of the fact

that it's pretty hard to justify the decision they made. charles: there is no doubt about that. she has fallen on her career soared. she's given up a tremendous reputation before this whole thing happen and that is the consequence she will live with. a political consequence and a personal one. she keeps referring to the team. is there anyway we can find out who she's talking about? these are some bureaucrat, we don't know. is it possible your committee or future committees can drill down who else besides the fbi director took it upon themselves at the behest of the attorney general to do her job? >> you should be asked today. i think someone will. you raise a great point because people say it's a career person, therefore apolitical. not necessarily the truth. you have people who are officials, some of them do great jobs. many of them are politically active.

people have donated a lot of money to the democratic party and that is fine. they have a right to do that, that the american people should know who exactly were these were telling comey the gross negligence is an enough. i hope we get the answer today. charles: before it let you go, where do we go from here? will we get a chance to hear from them? they had access to a lot of information. they were able to escape and a sort of legal -- sort of a legal consequences. but it feels like throughout the testimony, it feels like they have such an amazing role that i would like to hear more from them as well. >> one thing state department i.t. reopen the investigation. that is with an eye towards stripping into their security clearances since they were totally reckless of top-secret information. the referral from congress about

hillary's been gone is the sworn testimony under oath and the conflicts between that testimony and director comey's findings to investigate the case because they had not done it in their original case. trade your representative desantis, thank you for taking out the time to speak with the audience. we appreciate it. turn back to markets. right now the height of the session and the highest all time. joining the s&p 500 stocks are up next time. the more the market rallies in november. we've got stephen and shelby. "the wall street journal," the stock market is supposed to be a proxy for the u.s. economy. it is soaring even note the irony here is a lot of people saw stocks going into this record high. is this something the democrats apply on? >> the incumbent party does

better when the economy is strong in the stock market for most voters as an indication of economic strength. as for retirement saving face, personal savings is. so yes, the democrats could benefit. keep in mind we have a few months before the election. we just saw theresa may taking over in the u.k. and brexit is a big? democrats looked poised based on the economy, but a lot of things can change between now and november. charles: we have seen the republican platform change somewhat under donald trump. is it fair to say that there could be an attack on the rallies similar to the old attack the democrats used to have on the market rallies saying that it's an establishment proxy. that is big business. companies send jobs overseas. if that is the case, would it be dangerous to go down? >> i want to make a controversial statement, charles. i don't think the strength of the stock market is any longer

the driving or in a voter's mind as to whether the economy is strong. they view that as a function of the financial services industry and hillary clinton is going to be their candidate. what is wrong with the psychology and the voters lined is the fact that housing values have been lumped. they are worried about the solid footing of their pensions. , from two decades they have not seen economic opportunity. they have not seen their wages keep pace. [inaudible conversations] >> let me answer the question. the reason hillary clinton is the candidate of wall street is because most of the big banks, most of the wall street actors be the issue act in a way we have seen over the last 20, 25 years. i think they do worry that donald trump means what he says that he will upset the order of things. or the average american that is appealing.

charles: it is incredibly appealing if they see a benefit, if all of a sudden they wake up in its factories in the backyard of wages go up. i do find it also intriguing that i've had republican representatives in congress some years ago when the market was rallying that was nothing more than a proxy for the rich and had nothing to do with main street. you guys are going to claim it this time around? >> the market today has 50% of americans in the stock market. pensions are in the stock market going extremely well. the stock market is not necessarily a reflection of how everybody in the middle classes doing. it is going to be very important for a candidate to be able to describe how they are going to create good paying jobs. donald trump doesn't have any answer whatsoever. trading with everybody around the world. charles: he's put out plenty of policies. it centers around trade in

bringing jobs back. you can quibble about the details, but let's give them credit for bringing up a framework. we have to leave it there. the market is at an all-time high. you guys are all fantastic. in the meantime, i want to talk about dallas a morning still today. president obama dared to use tensions while some say he is one of collating those tensions. we will have more on that after this.

charles: amazon down slightly following five straight lifetime highs. reportedly, customers have had some problem with orders today, but analysts are predicting today prime day sales will be the biggest ever. you see a fair amount of excitement. meanwhile, president obama on his way to dallas right now to

he moralize the fallenning -- memorialize the fallen dallas police officers, but some officers say they're not getting any backup from the white house. we heard yesterday with the dallas police commissioner telling some of the outspoken critics, and i think mostly young black men, you know, why don't you guys try to join the force. be part of the solution rather than the problem. what's stopping them? is it the overall echo chamber of politics, particularly from the white house? >> right now this has been going on for a period of time, so it's not like it's a new thing. the new york city police department has a problem recruiting black males into the police department. however, it may be harder now because of what's gown on, especially in dallas, what just happened. who wants to join police department now? what about the money, what about the time, the efforts going in, what kind of job is it. so there's a lot more to it than just joining the police department and when do you need

those -- how do you recruit -- charles: isn't that the key? how do you recruit them? >> there's a big difference how do you recruit, tell them what the problem is. listen, you have to make a difference, and this is who we want. you have to make a difference in your community, and this is what we want. however, does all black police officers in that community make a difference? i'm not really sure. they try and help as much as possible. would that change anything, because as you know, the problem, is it the police and the community or no many jobs, you know? people with poverty involved, the medical, you know, the mental issues that are there. so it's really, you know, you become blue after you become a police officer -- charles: although i do think the level of distrust right now is at a level that's being stoked so much, so often that, you know, i'm a fan of community policing. i grew up in harlem in the '70s and the police officer i got to know helped me a lot because we were, essentially, de facto at war with the police, my

neighborhood and the police department, until you got to know them as individuals. >> right, yes. that's a big deal. but police, everything has changed now. they're not in those communities as much as they used to be -- charles: right. would that help though. >> >> it would help if they stayed in the community a little more, but there's a lot of movement and all that. the '70s are a whole lot different than it is now with the police. charles: you know, one thing that -- i have a nephew who's a police officer. he's so committed. he's in a gang unit, and he's gotten the tattoos and everything. his life is in danger every time he goes outside. he either gets busted by the gangs, or he could be considered a gang member by a cop. he loves it, but i just don't know why. the pay is really great. it's an amazing job that you do to serve and protect people. do you think there's a cultural issue? is it from music to political leaders who are saying, hey, you're being a attacked, and the cops don't like you? wouldn't that ease the tensions

to a point where not only would communities be safer, but more people may want to join? >> if you've got some kind of relative to each other to bring hem in there, i did 27 years in the new york city police department, so at that time it was much different than it is now. does he think he's in danger? do these officers think they were in danger? are they afraid every day? they're not. okay? they're going to do their job no matter what. some of these officers that were in the shootout in dallas are probably out on patrol now. charles: right. >> are you fearing for your safety? i don't think so. charles: all right. well, it's a tragic period for america, and hopefully we can start the healing process. thank you very much, appreciate it. >> thank you very much. charles: alcoa surging today, but other companies are in big trouble. we're going to have more on that when we come back. ♪ ♪

charles: breaking news, we knew

donald trump was vetting lieutenant general michael flynn for a possible running mate, but now "the new york times" is also vetting a retired admiral, james stavridis, the fight against isis, of course, is a big one in this election along with foreign policy and nato, so that could weigh on both candidates and their decision making. alcoa shares surging following an earnings beat after the bell last night, both the top and the bottom. connell mcshane on whether or not this is a good sign for the earnings season and for the economy. >> reporter: i don't know if we can look at it, charles, big picture this time around, but if we look at it over a one-week span, the gain is somewhere around 13% or so. now alcoa, it has plans to split up into two separate companies, so there's something of a company-specific story with alcoa this time around. we try to look at it as some sort of a barometer. it may be, but this time may be a little bit less so because of the company-specific news and

plans that investors are more focused on. more broadly, it's interesting, as we look through this week and the big american companies that will be reporting, yum brands, for example, is reporting tomorrow, delta on thursday, so that'll give us a look at the airlines to see how they're reporting. but then we start to get into to some of the banks, jpmorgan, citigroup and wells fargo, citi and wells fargo both report on friday. by the end of the week, we may have a pretty good idea where these big american banks stand. it's a challenging environment for financials around the globe right now x a number of question marks for the banking sector. how much money can you make when rates are is so low, what effect will brexit have. the prediction which can puts together these predictions, charles, jpmorgan, wells fargo and citi, a decline of an average of 14%, so let's see if they can at least not do as bad as that. charles: connell mcshane, thank you very much. well, president obama

pushing for a public option for obamacare, why that could mean more public debt. keeps piling up. the dangers of it, coming up. ♪ ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be.

charles: got a business alert for you. elon musk saying there are no plans to disable tesla's automatic pilot feature, he says it's a life-saving technology despite backlash over a fatal crash here recently. of course, we're going to continue to watch it much closer.

also jpmorgan ceo jamie dimon announcing a raise for 18,000 employees saying, quote: wages for many americans have gone nowhere for a long time, but charlie gasparino says dimon has a different motive. i was shocked anyone at jpmorgan was making $10 an hour. >> well, i'm sure if you're in a branch in the midwest, you know, $10 goes a lot further -- charles: i hear ya. these guys are taking private jets to the hamptons, and him to be the first one to talk about income inequality. >> yeah. although jamie is a much more centrist, i would say, wall street executive and democrat. he hasn't come out and endorsed anybody or un-endorsed anybody, although i can't imagine he wants to vote for donald trump just knowing the way he is. so he's not going to go that far to the right. here's what i really see happening here. this is what happens when you have the sort of quasi-socialism that exists in the financial system where the banks are essentially wards of the

government right now. they take their orders from the federal government, and when you have that, when you have private enterprise sort of embraced by big government, pretty big liberal government, they are going to carry out the orders of that big, liberal government including resetting the minimum wage which is something that is hot on the campaign trail of hillary clinton right now and bernie sanders. but hillary clinton, who's the presumptive nominee, is going to use that in her -- as you know, that's going to be in the democratic platform. charles: right. >> i believe. so that's what he is essentially doing. he is basically, my view is jamie says, is saying the democrats are probably going to win this. these are masters in washington. they want higher minimum wage, we're going to get out ahead of this, and this is what he's doing. charles: yeah, to your point, it goes to $16.50 which is above what the platform wants, so an olive branch of sorts. >> not even that -- charles: do you think he believes wholeheartedly in this

idea of income inequality? >> jamie's not a robber-baron. i know the guy well, but he is somewhat of a liberal. i think, you know, listen, you've got to ask why he's only doing it now and not last year. he's getting ahead of this issue. he thinks, you know, for better or worse he thinks -- and, by the way, wall street has never been good 59 predicting elections. -- good at predicting elections. he knows who his masters are. they're in washington because of the way, because of post-financial crisis regulation like dodd-frank, and he's going to do it before they do it to him. charles: did you just hear bernie layering it on pretty thick? i don't know that higher minimum wage is going to be enough. to stave off bernie sanders/elizabeth warren-influenced white house. >> i think that's what people have to grapple with. i know people have problems with donald trump, with hillary, but just weighing it, and this is what i think businessmen like jamie should weigh and all these people that are avoiding the

republican convention. a socialist is going to be running the white house, someone who espouses socialist policies. if you're a businessman and you want a socialist in the white house because hillary clinton's going to have to adopt a platform of bernie sanders, don't go to the -- boycott the gop. charles: right. a binary decision bottom line. >> yes. charles: i also want to ask you to donald trump because he's been vetting his vp picks, and he's just telling "the new york times," quote: i have five candidates plus two that are unknown to anybody. >> the butler? [laughter] charles: i will be making a decision over the next three to four days, and i think it'll be a good decision for a lot of people. all right, you've been reporting he's having trouble with his backers. a lot of time -- and you've been saying that in this pick could help or hurt that. >> right. i think one of the unknown candidates is probably guido, the gardener at mar lag go. totally outside the box.

charles: representative of the common man. >> i'd vote for that ticket, right? [laughter] here's what i think. i also hear scott brown's in mix a little bit. i think it's a fool's game to try to figure out who donald is going to pick for this. because i keep reading these stories in "the washington post" and different places. charles: yeah, pence has a 75% chance. who do you think he should pick? >> logically, you want to pick a governor from a midwestern state. if you could get kasich, that would be great. charles: he's not even going to the convention. >> you get somebody like mike pence, chauffeurs up your -- shores up your conservative voters, that would be the logical pick or someone you want -- you like hanging out with and campaign with you. maybe that's newt. but newt gingrich would want something in return. he's actually said this publicly, or i'm just not going to go to ribbon cutting and, you know, just keep the lights on in the white house. chatter charles right. chris christie might. >> he might.

they're friends. they're personal friends. but logically you say pence, but donald changes his mind every five minutes, and that's why it's so hard to handicap this. i don't think we'll know until the minute before he officially announces it. charles: do you think he'll know or it's just that close -- >> i think he's all over the place with this, and he's weighing a lot of things. remember, he's a gut guy. guts change as things go on. so logically, it should be pence, right? maybe give you a state that you can use, help you in the midwest. charles: right. >> but, you know, that's logic and intellectual, and that's not really where donald -- charles: well, you know, listen, he's come a long way. he's done everything his way. i want to ask you about hillary clinton, because she's been kind of criticized for her by-the-numbers approach to this. apparently, she is also considering a military person. james, commander james stavridis, he was the 16th supreme allied commander, a nato guy. i'm not sure completely about his record, but i know from what

i remember, held in very high regard. >> yeah. i mean, i think one with thing if you look at the electoral map, and this is how i think she's looking at it, she believes that she's got an electoral advantage on donald. like, she can maybe win virginia. she can, you know, she's -- he's competitive, but she's competitive -- charles: so does that mean kaine? >> well, if you think you can win virginia on your own, why go for one state, right? so some guy like this, who's a military guy -- charles: right. >> -- maybe can appeal to some more blue collar whites, essentially, and boost her numbers where she's over the top in all those states. charles: evan bayh jumping back in the race, a little bit of leverage for someone perhaps like a she rod brown and to solidify ohio. >> yeah, does she really need ohio though? charles: i think so. >> listen, with one kind of interesting out of the box pick,

can she guarantee ohio and all those states? charles: right. >> that's where she can -- maybe this guy lifts her boats, because she does have an electoral advantage. charles: no, yeah, she starts out with a huge advantage. all right, the dow jones industrial average at a record, but what we're about to the hear from banks, they start to report over the next couple days, could make or break this rally. next. ♪ ♪

♪ ♪ >> i'm nicole petallides with your fox business brief. records all over the place. the dow jones industrial average, you see the dow's up 133 points, right near session highs of the day, and has moved into record territory. all-time intraday highs and, obviously, if we close at these levels, record closing highs. we've seen the s&p break out as well to new, record all-time highs as well, that's up right now close to 1%, 5% for this year. we've seen names like amazon, electronic arts, comcast, 3m, honeywell, just to name a few, hitting record are highs in all the sectors. broad-based. the nasdaq's in the lag a ard of 2016 -- laggard of 2016. that, too, has moved into positive territory and has set high records that we haven't seen since 2015. and a quick look at amazon,

fifth day in a row, fifth record high is and, of course, it's prime day. medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo contains a type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. breo is not for people whose asthma is well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. do not take breo more than prescribed. see your doctor if your asthma does not improve or gets worse. ask your doctor if 24-hour breo could be a missing piece for you. see if you're eligible for 12 months free at mybreo.com.

charles: well, charlie gasparino just reported jpmorgan is lifting its basically hourly pay by a fifth. is he trying to sort of get away from the sort of fat cat persona? jamie dimon, we're talking about. want to go to a former wells fargo ceo. richard, the banks always in the

crosshairs, it feels like this time around your industry getting it from both eyes of the political -- sides of political aisle. will this kind of thing help? >> well, i know jamie very well, and i think jamie's a rational decision maker, and i think he thinks this is good for his company, i think he thinks it's good for his employees, and it maybe also helpful given the political environment. but i think this is, basically, jamie making what he thinks is the right decision for his company can and his employees. charles: i want to ask you about the state of the economy right now. the dow is at an all-time high, but i'm looking at fed data here with respect to demands for bank loans, and even though auto loans are going up and credit card loans are going up, you go back to the second quarter of 2012, auto loans, the demand for them were up 38p. now it's up 18%. it feels like it's tailing off. some of this data feels like we're going in the wrong direction even though the market's moving to all-time highs. how do we reconcile that?

>> well, i think you're right about the economy. i think it's growing at 2% as its has for the last seven years. that is not robust, and you can't have double-digit increases in revenue or profits at that level of economic increase. but what you have is because of the central banks' quantitative easing around world, almost all asset classes are overvalued. take government bonds are even in negative interest rates today. so these are extraordinary overvaluations of many assets. the one area that has the least amount of overvalue is the u.s. stock market. and that's because our economy, although slow, is still one of the best in the world. the dollar is strong. and the dividends you can receive by stocks in the market is significantly above of what you can get in the bond market. charles: you know, it's amazing -- i'm sorry -- that you make that point.

imagine someone who felt very defensive coming into the year, loaded up on utility stocks. not only are they making a killing on the dividends, but they're up over 20% on the utility index. it's absolutely remarkable in my mind because, you know, the market at all-time highs, there's irrational exuberance. but this particular rally right now is anything but irrational exuberance. >> exactly. that's what i'm saying. where else are you going to put it? cash is worth zero, and if you go into these really overvalued assets and interest rates increase, you're going to lose your principal, let alone not have the dividend, a dividend or a higher fixed income by dividends. so i think it's a rational behavior that is a response to the, what i would call the irrational behavior of central banks around the world now for seven years. charles: well, and you talked about bond markets and, of course, our bond yields peaked in 1981, so you can almost argue we've been in a three-decade, you know, almost four-decade

rally in bonds, and every single year every expert on wall street says the great transition's going to come, yields are going to fly up, and everybody's going to move, but how long can the fed keep this going? you've got almost $12 trillion in global debt that's yielding negative rates. how does this end? >> well, it's not going to end in a positive way, i can tell you. and the end is close. i think, i think our stock market is saying the end is close. because the fundamentals would not cause us to be having record after record stock market, especially with brexit and everything else. charles: right. >> but people are taking their money and putting it in the stock market because they know the end is near in the rest of the asset classes. charles: i don't want to really put you on the spot from a political point of view, but we've got to consider what's going to happen in november. we just heard bernie sanders, who really got a lot of his ideas on the democratic platform -- higher minimum wages, access to primary health care, low cost prescription.

he's attacking profits at publicly-traded companies, free college. and this is a cornucopia of, you know, great, free stuff, but can our economy handle it? i mean, which candidate would be best for the economy? not saying i want you to endorse anyone, but a lot of people want to know. >> well, i don't think either candidate's going to be great for the economy, quite frankly. [laughter] you know, the difficulty i have, like most americans, is how do you vote for someone you don't trust? the majority of americans don't trust either candidate at the moment. and so it's very, very difficult decision to make, and i don't think either -- americans even understand where they're going to be on the economic side. i don't understand any of trump's policies. they don't make any sense. and, obviously, hillary's gone way left. we can't afford all the promises that are being made here on the campaign trail when we have a level of debt and deficits that

we have. so it's, it's a scary situation, quite frankly. charles: all right. former ceo and chairman of wells fargo, really appreciate your time. thank you very much. >> thank you. charles: president obama pushing for a public option with obamacare. why that could mean a whole lot more public debt. ♪ ♪ you both have a

perfect driving record. until one of you clips a food truck. then your rates go through the roof. perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you twenty-four seven. call for a free quote today. liberty stands with you™. liberty mutual insurance.

charles: president obama joining hillary clinton's call for a public health care option. former new york lieutenant governor betsy mccoy says a single-payer system is the goal. betsy, we've heard this all along. it just feels, though, that obamacare's failing so badly that it's hard to believe that this was the way it was designed, to fail so poorly that they would get, ultimately, what they would want. that's where we're heading.

>> what seniors these to know is that this proposal for a public option as well as hillary's proposal to expand medicare to people in their 50s, this spells immediate trouble for seniors. never mine what the long-term -- never mind what the long-term goals are. if you were having trouble feeding your family, would you invite the neighbors in for dinner too? of course not. seniors are already having trouble finding doctors willing to take low medicare rates. so now obama and hillary are talking about creating a public option plan that will also pay doctors those low medicare rates. that means millions more people competing with seniors for those same doctors willing to take those low rates. charles: right. >> and then if hillary expands medicare to people in their 50s, millions more people competing to get into the offices of those same doctors. seniors will not be able to get care. charles: this is the logical argument you made before obamacare was pushed through, and it made sense, obviously.

more people, fewer doctors. we've seen a result of that, concierge services. if you love your doctor, you won't be able to keep your doctor, and prices have gone through the roof. and yet they were still able to push it through. where do you find the compassion argument? that seems to win over at least a segment of our population, you know? you talked about inviting the neighbors over. they're saying what if you are the neighbors with nothing to eat, who takes care of them? >> well, it's one thing to provide coverage for your neighbors, for people who don't have it. i think we all share the feeling that everyone should have access to health care. but it's very cynical to keep health reform, to keep reforming health care on the backs of seniors. medicare is already in a crisis because 30 million more seniors will be coming into that program -- charles: right. >> -- in the next decade as the baby boomers age. charles: right. >> and yet the president has already taken $716 billion out of medicare to pay for obamacare, and now hillary wants

to make more public programs still on the backs of seniors. and seniors have had enough. they're already having a really hard time getting care. charles: the bottom line, what we've seen with young people is they've decided to skip, pay the fine with respect to obamacare. millennials are the largest age group in this country, but they won't or don't have the wherewithal -- >> the president's latist lie about health care? people have better health care coverage. you're never going to get a dollar back on that plan. charles: real quick, the chances we ultimately could have a single-payer in this cup. >> that all depends on who gets elected in november. the democrats are intent on driving us into that system, and that would be a real problem for people with cancer, because single-payer systems have low cancer survival rates. charles: betsy mccoy, thank you very much. the dow and s&p both at all-time high, so we're breaking out. the big question though is how

high will we go, and is it too late to jump onboard and make some money? we're going to talk about how to play this big, breakout rally to all-time highs when we come back. ♪ ♪ we were born 100 years ago into a new american century. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade of innovation, inspiration and wonder. so, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. ♪

...

>> well, stocks at a record high. how long will the rally last? this is cavuto coast to coast and i'm charles payne in for neil cavuto. the hitting a high and trish, what's behind this rally? it's a pretty impressive rally? >> i'd say. stuar stuart:-- >> it. charles: when the back to back sessions as we set a record in terms of cap gains loss. what turned around so quickly. >> the realization that the world is not ending and the u.k. is exiting the eu, overall probably is a healthy thing, it

really is probably a healthy thing in terms of england being able to stand on its own two feet and do things that are policy-wise best for it as opposed to having to get dictated to by brussels. it also serves as a bit of a warning to the eu, it better get its act together or other countries may leave. overall, people realize, it's not the end of anything and everybody's going to be just fine. we're still going to trade with england. everyone is still going to trade with the u.k. and it's given them an opportunity to say here as well, that the u.s. still, in spite of all this, even though we're okay with what's going on here, the u.s. still looks good and the u.s. comparatively when you look at the rest of the world, looks even better. charles: i tell people all the time that, we're nowhere firing on all cylinders, but never sell america short. i don't care who is in office. the dna of american spirit and

muscle memory of america, the companies doing all the innovative things in the world, they're usually american companies. i feel good about that to your point, but i like the point about the warning to the eu. there was scuttlebutt that somehow eu is coming to the rescue of the italy banks. and hey, if you don't, maybe we'll follow the u.k., there may be more shakedowns. i don't know how far angela merkel will go. >> she'll go as far as she possibly can until politically people there say enough, and the germans vote her out. you look alt the crisis they're having on the immigration front and look at what happened, it's devastating, so devastating what happened in the city of cologne, 600 people raped, assaulted or robbed on new year's eve and she invited more than a million syrians into that country. it's not working out. forget national security, which is obviously an issue, it is not working out from a cultural

perspective and a lot of germans say this is her fault. she opened the flood gates. so i think she will be tested here. she desperately wants to keep this together, this is her political legacy, i don't know how long people are going to give him. charles: it's interesting on the immigration side, it's not just the dangerous part of middle east immigration recently, but 2014, the eu expanded by ten countries, talking most are former soviet union countries and particularly the jobs that people are doing for a fraction-- that echoes what happens in this country. >> sure, there's certainly a lot of parallels and similarities. you think about people that have come into this country from mexico and from many other countries as well, now, we have always been a nation that welcomes immigrants, that's part of our dna. but they're coming in he will legally, which also really starts to reduce wages as well because they're not being paid on the books. charles: absolutely.

>> so, overall, we for sure are facing some real challenges. they're facing challenges and i think, you know, around the world you're seeing a sort of wakeup call, charles, where people are like, enough. charles: and through it all, smucker's peanut butter and jelly and others if they've been around for a hundred years, and probably will be around for another hundred years. peanut butter and jelly. and president obama arrived aboard air force one with ted cruz. and president obama and president bush will pay tribute to the five officers gunned down last week. what do you expect to hear from them? >> what i hope to hear is a real sign of unity, it's what we desperately need as a country right now. this president, think back, it was exciting when he first was elected because he promised that unity.

he was the first black american to get this far. i remember talking, i may have told you this story before, to judd gregg, senator from new hampshire who was tapped to be the commerce secretary at the time and he really believed, really thoroughly believed that this was an opportunity for both sides to come together from the political division that had been dividing washington to stop. he wound up not taking that post as commerce secretary and i think, you know, over the last eight years, charles, we have witnessed a tremendous divide, a divide unlike anything we've probably seen in this country, for sure, in decades so the opportunity the president has right now is a big one and he needs to come out and set a different tone and i hope that's what we see here today. charles: i believe this is the most important speech of his you know, some people will argue it's too little, too late and it won't be able to fix the things he got wrong in the last seven and a half years, we do, to your point, need a step in

the right direction. and when he was elected, i thought it was a step toward that more perfect union, towards taking another leg, another part of our journey as a nation further and unfortunately, i think he's actually himself focused so much on the past, on the social injustices of the past and yesteryear. >> you know why? because it's politically expedient. the more you tell people they're disenfranchised and the reason they're not a success because of the police or this or that, the more you're going to rally your base and that's what he's done. charles: wanted him to give up his power base and he couldn't do it. and lawmakers are grilling loretta lynch, as a matter of fact, her first appearance on capitol hill since closing that hillary clinton e-mail probe. beat beater barns is in washington with the latest. >> some on the judiciary committee suggested that

hillary clinton should have been indicted for the use of the private e-mail, by the fbi, and classified e-mail. she deferred the decision whether to charge clinton to her professional staff after the controversy of her 30-minute private meeting at the airport with president clinton. >> announced ahead of time, when you've never done it before, even to i don't know what they are and climb you're the ultimate decider. >> as i indicated i thought it was important to express my role in the investigation and clarify my role because i was concerned that the conversation i had with the former president would make people think there could be-- so that was the trigger? >> that was, in my view, something that needed to be clarified. i felt that people needed to understand what my role was. >> so you've never done this. >> lynch described her meeting with the former president as just a social visit with no

discussion of the e-mail case, charles. charles: all right, peter barnes, thank you, very very much, republicans not letting go of the clinton e-mail controversy, and pushing for a perjury probe. trish, how far do you think they'll push it, politically it's an issue, bothers americans, they don't feel that justice has been done. >> we all kind of knew deep down that this is going nowhere from the get-go, right? because why? because if for some reason she had been indicted then that's essentially an indictment on president obama's administration. he's the one in charge. loretta lynch is working for him. comey is working for loretta lynch. i mean, it's a little too, in some ways, a little too obvious, unfortunately, that they couldn't, they couldn't proceed in an impartial, real impartial investigation, charles. charles: i agree with you and there's the irony here is that

hillary clinton was also, in a way, dissing president obama by using this, she was communicating with people he said please don't communicate with and she was more or less saying i'll do it myself, we have' got our own server, do it the clinton way. people thought it was to hide things out of the gate and ignore the white house out of the gate. when james comey start that had press conference, and laid down a list of reasons that she should be indicted, that's when our minds changed. i never thought she would be indicted, but for two or three minutes i thought she would be. >> yet, the reason why americans are frustrated by this, the reason why they do not, the majority do not consider her trustworthy, they think somehow she's able to escape the law, that she operates on a different playing field than everybody else. i mean, she's playing by a different set of rules. and you know, to your point, you know, i think people were hopeful for two or three minutes that maybe, you know,

she wouldn't be, but, you know, reality sets in and that's the president would have looked awfully bad as well. charles: for a slight moment, maybe justice supersedes everything, but to your point it looks like the clintons got or once again. trish, stay there if you can. and bernie sanders, pressing the most progressive reform. that place was rocking. >> it was rocking, it's all over except for the t-shirt sellers and folks coming out here. they're selling as many bernie t-shirts as they are hillary t-shirts. i met this lady, i have to say, you are how old? >> 95. >> what was was the first election you voted in. >> franklin delano roosevelt. >> and you've been voting democrat since. >> yes, i have. >> serves you well, looks as young as i do. >> because i'm a democrat. >> we're fair and balanced. but i must hear from bernie

sanders as well. you know, hillary clinton, certainly had to take a tact to the left in order to get the support of mr. sanders and his boisterous backers. take a listen to what he says he got in return. >> this campaign is about moving the united states toward universal health care. we must make public colleges and universities tuition-free for the middle class and working families of this country. >> we're not cutting the minimum wage, we're raising the minimum wage. >> we produced by far the most progressive platform in the history of the democratic par party. >> and there you go, charles. i don't know what it took to unite hillary and bernie on this, and it was donald trump. i don't know. leave you with a picture of a woman who has voted democrat her entire life and she looks

remarkably young, all i'm saying. charles: you just-- that was the best sales i've seen for single payer health care. she did more for that topic than obama has, thanks, jeff. and hillary clinton moving a lot farther to the left on a lot of issues, the economy. trish, obviously, we know should the gambit here is that it will help her in the general election and help hadder in weak areas, where there was overlap with donald trump. >> i don't think it will, charles. charles: you don't think so? >> i think what bernie sanders managed to tap into was his authentici authenticity, the important thing in the campaign, the same thing that donald trump has. i think it was important for her to actually be more of a centrist right now so she could pull in these independents that are really going to make or break this election and, you know, bernie sanders supporters, i think there's a good chunk of them that probably will go for trump. i don't know whether they were

entirely buying into the idea of socialism. they were buying into the idea of bernie sanders and what he stood for and the enthusiasm that he brought to the campaign. charles: what if he plays this attack dog role because it laid it on they can when they talked about the supreme court, citizens united billionaires buying elections, defending a woman's right to choose. defending workers and minorities, defending the environment. >> the whole billionaires buying elections and that plays into the trump contingency, you look at hillary clinton and she's backed by wall street. charles: she is, but here is a guy putting in 50 million of his own money and another 10, 20 million dollars, is that fair? he's got to be-- i think i saw with elizabeth warren maybe she'll handle that attack dog mantle over to him. i don't know if it works, but it feels like he got everything he wanted except trade. i want to share tweets with you. >> sure. charles: donald trump started

with a couple and on a roll. bernie sanders endorsing crooked hillary is like-- bernie sanders, abandoned his supporters, pro wall street crooked hillary clinton. another one for you, to the bernie voters who want to stop bad trade deals and global special interests, we welcome you with open arms. >> he's always colorful. the trade thing is important though. i was talking about this on the show yesterday. for donald trump, his key to success is going to be the economy, the economy, the economy, and a big part of that is trade. you and i talked about it before, i gave you the example western new york, i grew up outside of portsmouth, new hampshire, the town we saw jeff flock in. you look at western new york and there are communities there that have been devastated because the manufacturing base that once supported those towns no longer exists. those jobs have moved off shore, they're long gone and the ancillary jobs, the economy around them, they're gone, too, so, it feels very eerie in a

way, a little like a ghost town. something that once was. there are towns like that all over america and people are upset, nervous, they want their livelihoods back and the trade component is a very important part of that. so, donald trump, he's smart to tweet that and that may resonate with a lot of bernie suppo supporters, you may get some of those blue collar democrats. charles: at dow jones industrial average and s&p hitting all-time highs. the question when this happens as always, can it last? we debate it next. your insurance company

won't replace 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 liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation.

and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call ™. liberty mutual insurance. >> the dow jones industrial average, you're looking at history, trading along with s&p

500, both new records. is the strength here, and steve cortez and michael robinson. steve, first to you. we're breaking out, what don't you like? and what do you think is going to happen? >> listen, charles, it's great news, great news we're all-time highs and we quickly got back the brexit losses. a couple of things concern me here and i'm not ready to pop champagne corks yet. why did we rally back quickly? the main reason is once again central bank stimulus. the bank of england and bank of japan promised they'll put the pedal to the metal. i don't think trust that long-term that it can create underlying growth. it's able to get the stock market high, but hasn't gotten main street moving the way we need that economy moving. the second thing related to that, i don't like the leadership of the rally back, mostly in safety plays, things like telecom, things that grandma would own, telecom,

utilities, safe dividend plays. if you have an underlying growth story you'd like google and tech and semiconductors leading the charge and that didn't happen. charles: michael, i marvel that the utilities and grandma stocks are leading the way. the exuberance of the money out of this market, yet, it's hard to say there's a fundamental correlation right now. >> well, first of all, charles, i want to say thank you to the bears out there because as a result of their overselling, we've been seeing this, i've talked about this the last couple of years, overselling leads to great buying opportunities and my readers are making money hand over fist right now. when i look at brexit, i get excited. we took gains on the stocks, up 70% in three months, which is a tech stock. it's a stock picker's market and the fundamentals of the economy aren't-- we're not getting 3, 3 1/2% growth that we've seen, but remember the dollar, it's

strong. decent growth and we've upgraded twice the forecast for what we thought we had growth in, the first quarter for the g.o.p. 1% i'd like to see it beat 2 1/2%. we're looking at a nine-year high, 16 1/2 to 17 million vehicle unit sales right and these are solid the last time-- >> to an agree you're arguing this could be a peak. if we were headed for the highs you'd say jump on board. and isn't at that typically when people start to take profits? >> you do see people take some profits and so, this is a stock picker's market. i wouldn't-- i'm a bull on a selective basis, you can't just blindly buy everything that comes along and if you know how to pick stocks properly. you can make an enormous amount of money in this and you know, you have to use your portfolio on the management tools, and set your stops and sometimes you take profits along the way. people have been betting against the stock market for

years now and proven wrong over and over again the are we going to get a correction at some point? yes, you always do. if you put $100,000 in the market with 1982, and did nothing, let it sit there. it would be $2 million todayment it's after the dot-com meltdown and-- >> you're speaking to the choir here. and people don't hold through those kind of meltdowns and i think that's one of the things you're worried about. >> yeah, no, that's one of the points. are you truly long-term? it's cliche to say you are, can you handle the volatility. in january of this year, when global markets melted down. and some people who claimed to being long-term bailed out. the bad news we've been at roughly this price for the last year and a half and unable to

sustain gains above s&p 2100. i think the proof is on the bulls. it's not been particularly bullish for the last year and a half and several scary drawdowns. i suspect we're due for another before the end of the year. charles: i think it's safe to say we've got a selective bear and a selective bull. two very smart guys and appreciate your expertise. the one thing hanging over the markets, right, and the warning today that you won't want to miss. we're going to give it to you right after this.

charles: new warning from the congressional budget office. to "risk & reward" host deirdre bolton, what is at risk here. we've been hearing it over and over. >> now we have the numbers to

back up our fears. you can not overpromise and underdeliver, right now that is what the government, that is the position the government is in vis-a-vis taxpayers. if you look at what is normal, normal rate debt-to-gdp it is 40%. if we do nothing, keep doing what we're doing, we're on track to be around 10%, right? -- 107%. pretty much double. that would be by 2040. things that need to be done are things nobody want to do, charles, to cut spending or raise taxes and it is very difficult for anybody to talk about that in an election year in particular. charles: for those who do want to cut taxes, then you have to make dramatic changes on spending side. >> right. these are the third rail of politics. charles: republican side, donald trump says he will not mess with social security or medicare. he will double the size of the military. well then, and cut taxes. that is tricky math. on democratic side. we heard the platform. free college.

more low-cost prescription drugs, maybe preps, you know, single-payer. so a lot of freebies are being promised. do you feel, deirdre, ultimately we'll hit it, wherever the cliff is, because no one knows exactly where we go off it but is it inevitable we go off it? >> we've seen it before. s&p downgraded u.s. debt, listen, debt-to-gdp ratio is not sustainable. i like to use the analogy, we're the cleanest dirty shirt in the closet. as far as getting away with it, we're one of the strongest economies, if not the strongest in the world, all things, give-and-take. i don't know we go off a cliff but at some point something needs to be done. you mentioned two packages that nobody wants to touch, social security and medicare. but if you talk to people, you and i too young for the moment, but who have grandchildren, they already recognize, my grandchildren are going to have to pay the bills. charles: right. >> for the baby boomer

generation and even all the way down to some gen-x. somebody needs to be done at some point but -- aging population. charles: that lives longer, right? the whole thing too. that is another part. when social security was created, the average man lived to like 59, the average woman, 62. some say it was a scam to begin with. deirdre and i i want to switch gears. supreme court justice ruth bader ginsberg, getting political, that donald trump is faker. what if conservative judge had harsh comment to say that about hillary clinton? >> i think in general we like to think of the justice arm of our three branches being in politic, right? obviously recognizing the environment but they are here to uphold our laws, interpret them, yes, but there is this suggestion even trump made, maybe it is fair, maybe she knows other judges -- owes other

judges apology and very poor taste and was out of line. charles: she was out of line, but underscore the politicalization of supreme court, i don't know, certainly in my lifetime it has been. it feels like that. you see decisions, when they write about these decisions. of course the since the death of antonin scalia, it has been pointed out this next president will have to do a lot of, not only appoint more justice, probably have almost every single major case in american history, recent history, reappear before the court. >> you said to me the most important thing. we still have scalia's seat empty. this needs to be filled. the next president is going to have that responsibility, but this is the 9th vote. this is so important. it almost baffles my mind we're not hearing a little bit more. i know various candidates have spoken about it at different times, let's say in the past six months. this is probably the next president's one of his or her -- charles: how can justice ginsberg though be, i don't know, be trusted, for lack of a

better word to opine on anything that president trump would put into, you know, into the works that might appear before the supreme court? >> i almost wonder, i'm not trying to create news, i almost wonder if she is thinking about retiring soon. she made some comments a couple weeks ago that made me think, okay, she is getting ready to step out. so in that context her comments today make a little bit more sense. unless she is just irresponsible, which seems highly unlikely or i would like to think it is unlikely but i think she is getting ready to retire and let the filth out. charles: deirdre bolton, you thank you very much. president obama just arriving to dallas. arriving at memorial service. president george bush will join him. we'll discuss that next. ♪

charles: president obama in route to officers memorial who were killed in the horrific attack. he is expected to speak in the memorial. to texas republican congressman, brian babin on the divide sort of marks our nation. representative babin, first and story most, over the weekend, president obama said the divide in this country is not as bad as some would have you believe. you know, and i'm not sure how any of us would measure it but i think it is fair to say we all

agree the nation is moving in the wrong direction right now? >> i would agree with that. i think we have, this situation is a powder keg. i think that our leadership has got to pour oil on the waters an calm some of these tensions and unlike what he, what our president has done in the past. he has wade off in some of these issues before the facts are out. it increased tension and increased the crisis. i'm hoping that he will go down there. words have meaning. our president needs to be uniter, rather than a divider as we've seen in the past. charles: president obama said on more than one occasion that words have meaning. i think action has meaning as well. you know, i felt that he has been aloof or indifferent for a long period of time, even going back to the situation back in ferguson where he was doing videos from his desk, rather than getting on the road. what exactly can he say at this

point? because for a lot of people on both sides or all sides of this particular argument, it feels like too little too late? >> well he is going to have to come out and try to unite the country behind our police forces. there is a bad cops like there is bad people in every profession. a small minority but overwhelmingly the police forces of this nation are out there to protect our citizens. he needs to rally the american people behind the police forces of this country the way chief brown, has done in dallas. that police chief has done a tremendous job. i thought his suggestion of getting some of these "black lives matter" people to come fill out an application to head back to their own neighborhoods as a police officer was really, really appropriate. i think that is the central issue here, right? solutions-based rather than fingerpointing.

for me personally, i would love to hear, i hear healing and unity and perhaps some solutions that don't demean any particular group or people but just work toward america, working toward what we have always worked toward? >> i could not agree more, charles. this nation is split right down the middle it seems and has been for several years. i anticipated this president would be a real uniter when he first took office almost eight years ago and we are quite divided right now. it's a powder keg, as i said earlier. and he needs to pour oil on the water. i hope that he does that we have to have a uniter, rather than a divider. charles: representative babin, thank you very much. always appreciate your insight. >> thank you, charles. charles: president obama and president george w. bush expected to speak shortly in dallas. this is the memorial service for those slain officers. we'll bring you their address when it happens. ♪

reporter: good afternoon from the floor of new york stock exchange. i'm lori rothman with your fox business report. it's a day of records. dow and s&p hitting new lifetime highs. nasdaq back in positive territory for 2016. have a look at the dow year-to-date, up about 5.3%. here is the number to watch. 18,312. that is the last record close for the dow. we're pretty safe at 18,359.

we have a little ways before the close. s&p yesterday's all-time record close. you have lifetime highs with specific stocks. consumer names, financial names, health care, industrials. amazon.com, really outstanding nails. once again this is the fifth consecutive record high today. it is prime day after all for amazon.com. looks like the u.s. is the best shirt in the laundry basket. that is what the global investment community thinks. we'll get you back to "cavuto: coast to coast."

>> we don't feel much senator -- support most days. let's not make today most days. please, we need your support. >> we're hiring. get out of that protest line and put an application in. we'll put you in your neighborhood and, we will help you resolve some of the problems you protesting about. charles: dallas police chief david brown calling for support from law enforcement ahead of president obama's address at the memorial in dallas today. to dallas independent school district police chief craig miller how we can find common ground. sir, thanks for joining us. it is incredibly difficult time for all of you there.

so we appreciate you taking out the time. everyone is searching for solutions. feels like chief brown has said all the right things but where do we go from here? >> chief brown has done an awesome job trying to bring together a community that is really hurting. being a dallas police officer, i was deputy chief there, retired after 30 years and chief brown actually promoted me to deputy chief. i love the city of dallas. i think that the city is really doing everything it can right now, the phrase, the cry of, dallas strong is really truly that. last night a candlelight vigil honoring the officers who lost their life was very emotional for the officers who delivered those messages. the community seems to be so positive. there is so much emotion and support for police officers here in dallas and north texas community. charles: there is and i think, dallas is interesting in a sense from what i have read a year or so ago, murders dropped to

80-year low. maybe there is spike in criminal activity, to a degree dallas has been something of a template how you get better community policing to work, hasn't it? >> no, absolutely. dallas is at the forefront of law enforcement across the country. dallas pd with 3500 officers. 9th largest police officer in america and chief brown and his predecessor chief kunkel set in a place a blueprints that has done wonders here in the city, reducing crime in essential. we knew that in '90 and' 91 as max for 500, 501 murders for each of those years. last year you're at 80-year low and people want to monitor crime based upon homicides, there is obviously a lot a lot of other property crime that takes place rather than violent crimes, but chief brown has done an awesome job working with the community and officers to bring people together and create a department

that is so professional and very transparent. i think his comments yesterday just reflect how he feels and just how transparent he is. charles: in a moment we'll hear from presidents bush and president obama. how important is it that these leaders get it right and set the tone for the rest of the nation to feed off as a cue? >> well, it is really important. i think that our nation is hurting in law enforcement. here in texas, but not just texas but across the country and you know, we need to know that people back us as law enforcement and police officers. we're tasked with doing jobs that so many people don't want to undertake that fall upon us and we're forced to make split-second decisions that people can monday morning quarterback for years to come as to whether what we did was correct or not. and to get people to come into this profession and stay in this profession is so important because we have to have police officers and i know there are a

lot of movements and a lot of people want to fight their mantra, but it is really important for the political officials in this case, two presidents, to step forward and to say how much they back law enforcement and to let law enforcement know that they have our backs. charles: i think everyone wants to hear that so much, particularly from president obama today. chief miller, really appreciate your service and your time. >> you're welcome, sir, thanks. charles: for more on this, and president obama's live address. you're looking at the stage there. a solemn moment. we'll be right back. ♪

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 hospital that accepts medicare patients, and there are no network restrictions. unitedhealthcare insurance company has over thirty years

experience and the commitment to roll along with you, keeping you on course. so call now and discover how an aarp medicare supplement plan could go long™ for you. these are the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. plus, nine out of ten plan members surveyed say they would recommend their plan to a friend. 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™. ♪ charles: we're awaiting a speech from president obama at memorial service in dallas. let's go to dineen borelli,

james carver and basil smikel. dineen, what do you think president obama will say and what do you want to hear president obama say? >> clearly he hasn't said the right things yet, charles. listen, america is hurting. my thoughts and prayers go out to the families of these police officers who were killed last week. president obama has been playing both sides of the issue, charles. one message is that this shouldn't be happening. the other message is, that there is racism and blacks are victims in this country. he needs to stop sending this horrible message across the country. obama needs to step up and be the leader that he is supposed to be and stop playing race card politics. we have an election that is coming up and the left is brilliant on pitting people against one another and it needs to stop. charles: basil what do you make of that? one of my big problems also with the so-called victim card is it promote as sense of hopelessness. i don't know why it is played

over and over again, particularly when there are instances where need to be held accountable before you start blaming those around them? >> well i think the president does talk about accountability. i don't think he plays the victim card. i don't think there is, i don't think there is a sense of victimization here that the president is trying to promote. i don't think, i think what we need to know though is that there are disparities. i mean that is, that is on record. there is statistics to back that up. so if we don't focus why those disparities exist, i think that is where we have our problems. look the doctor, the surgeon down at the hospital in dallas said it best yesterday. he had quite amazing remarks and he said, look as an african-american man i feel a certain way when i'm around police and there are ways i feel discriminated against but does not obviate the to feel a certain level of remorse, certain level of sadness for

what happened to these police officers. so i think to be able to say that african-americans can only feel one way or another, i think is wrong. i think we should acknowledge that african-americans can feel both that there is discrimination and we're discriminated against. >> charles? charles: feel empathy for other groups. >> charles, the shooter said he wanted to kill white people. he said he wanted to kill white police officers. there was no mixing of the message with those points that he made. this is coming from the police in that vicinity. and what does obama do? he pivots and says it is about guns. he doesn't want to address that issue. this was black individual who was racist individual. obama doesn't want to talk about that. >> dineen -- charles: let me bring in james carter, nassau county pba president. the night before the shooting, president obama gave a speech from europe and he laid out a bunch of statistics to underscore his point that blacks are being unfairly targeted by police. it has been pointed out since

then there are a whole lot of other stats he could have laid out there including degree of crime that blacks commit as a portion of the population, black on black crime which significantly kills more black people than any confrontations between black people and police s that the sort of things, james, that makes the job of the police that much harder? >> absolutely. when you're not getting the support of the president, makes our job a lot difficult. seems to be there is message how to act when you have a incident with a police officer. and i don't think enough emphasis is put on, don't engage in criminal activity. sit there and conduct yourself, you know, abide the laws and when a police officer requests you to do something, it's a lawful order, you have to abide by that order. and again, i think, makes our job tougher out there, especially with all the social media out there and -- charles: there is a camera everywhere these days. basil i will let you in, but i

do want to ask you, james. when i was going up there was a blue wall of silence. i don't think that exist anymore. those kind of things made it harder for community to trust the police. i think the police have done really impressive job over the years trying to be more transparent and think even punishing the occasional bad seed. >> absolutely. that happens in every department. on long island we're not seeing what is happening nationally. long island we have tremendous support from minority community and non-minority community. did a poll recently, we had 80% approval rating in non-minority rating and 72, 74% in minority neighborhoods. it is about getting out there and interacting with the community. that is how you gain the trust. charles: basil. >> just to say, and to add what he just said i tell young people all the time to obey police commands. police officers want to go home at night and i want my young people in my community to be able to go home safely at night as well. so i tell young people to obey

police commands. i would also say, look, there are real challenges that communities of clear face in their interactions with police officers. that is historic. i think both communities need to come together to be able to resolve that there is no culture of criminality or pathology specific to communities of color. charles: only 20 seconds. i would like to give dineen the last word. >> i think the tone is set from the top, charles. obama continues to be community activist. he is making comments. inserting in issues he didn't even know what the facts were when he did so. this is dangerous game to be playing. charles: i really appreciate it. thank you very much. more from dallas after this

charles: dallas interfaith memorial service getting underway, president obama arriving with joe biden. he's going to start speaking shortly. we're going to continue to bring it to you live. later on tonight i'll cover this

with governor jan brewer. right now here's president obama and trish regan, she's going to take you through the next hour. thanks. trish: all right, charles, you're looking at the memorial service there in dallas for the five police officers killed in that sniper attack last week. i'm trish regan. welcome, everyone, to "the intelligence report." the president just walked into the auditorium there. he's going to be speaking. president george w. bush will be speaking along with dallas police chief david brown. and again, of course, the president will speak. joining me right now as we watch this unfold there, you can see they're singing the national anthem. we have ellis henican and republican strategist mark turano. it was such a tragic night as we were watching this news unfold in dallas last week, and there's an opportunity i think, mark, here as we talk about the