charles: that's also true. there's a lot of question marks about theresa may. she said brexit is brexit. will she live up to the spirit of this? i listen to her two days ago. i thought bernie sanders, forget

market not sure. so what is going to happen there? are we going to see the revival with this though? >> the headlines is good for newspapers in britain and the u.s. you look at theresa may. the former home secretary had a broader portfolio than even our homeland security secretary. she is known as task here she is a reliable, moderate conservative from a more liberal conservative. i think they did pretty well. i'm not really concerned. there is a process that's going to be tumultuous, good for headlines. in the end, she brings a bit of stability to the situation with her background in the banking sector and also in parliament. >> i get it. the comparisons to margaret

thatcher. when someone says to me the workers are being exploited by unscrupulous bosses, that there is a rational behavior in big business. a growing gap between workers and bosses and maybe we should put the border of all publicly traded companies. i don't know. it doesn't sound like a moderate conservative for me. >> politics over there is very different. our right, left, sort of banter we put on each of our parties is not applied there. it is a little bit different. if you heard cameron speech when he stepped down, he talked about a livable wage. all of these things look at those as being liberal ideas, both over there pretty moderate. the fact that she's towing the line with her party and still maintaining the chairman policies and pushing those fortune read an alarmist issue for us here. they are going to make this work.

that is the standard. charles: new developments in a presidential race appeared both parties see a major shift in their economic policy platforms. republicans leaning towards appeasing donald trump and the factors have taken a strong stance on trade and the border wall. in the meantime, hillary clinton to the far left with a $15 minimum wage, expansion to health care. listen, you know, the biggest winner so far on this platforms as the chamber of commerce. as much as we talk about the establishment losing, we didn't hear so far the gop say they will officially dismantle. he just got in here with the same execution. this is all not a surprise. it is just in time for the conventions. but we are going far right, far left and pulling the voters apart. it will make for a lot of fun and an ex-couple weeks of the conventions as they shot out the

policies, platforms and get the middle though. that surprises me a little bit about what hillary is doing. she once the endorsements, that she's going to lose the middle people. >> both parties shifting to the left in many ways. maybe that's where the medalist golf, even though trump is winning right now with independent voters. suzanne, the idea you make the official party platforms. now you've got to follow through. how do we get mexico to pay for it? if they don't pay for, will taxpayers be willing to pay for it? >> that's interesting because paul graham is talking about more security, more security and not play as well but the house freedom caucus. when you talk about another part of what trump wants to do, rounding up illegal immigrants, paul ryan was quick to say he's not for that and not is not

something he believes is american and good for the republican party as a whole. you will not see the speaker of the house. to round up these individuals. that certainly was something wayside as a division last night. i'm at clinton's side, this is almost ridiculous. you have heard so far to the last that she's actually, now her positions will become more common creed. it will be far more difficult for her to start approving moving to approve tpp if she becomes president after she is committed so far on the situation now. i'm health care, she's okay with the health care situation. she's copacetic with that. charles: i've got to say one thing. usually my man scott comes up with the 1970 -- real quick,

$15 million minimum wage. we thought that is low-hanging fruit. both sides have to explain to the american public how they pay for all this stuff. >> absolutely. this is the discussion around the convention. the party platform is the only time we see the sausage making process and it's never pretty. this year for the election cycle, we look at more than a base election, hillary's numbers are baked in. donald trump is quickly going into the same sphere. when we talk about whether these issues get to their base, it may be a good strategic move because it will be about turning out their base. i don't think these apolitical voters out there who don't pay attention will show up.

building base and talking about issues could be a key strategy that if one player doesn't do it, they get the factions are not the problem. charles: donald trump hired the only red flag i saw was with their base. it still feels like the base of republican voters >> the numbers in the primaries. that could be huge. charles: turnout is going to be everything. i want you guys to stay with me. police and cleveland are making preparations just as we hear about how bad the rnc protesters could get. connell mcshane will be covering it all. why should we expect? >> we are not quite sure yet. the republican national convention. you will get started even before the convention does.

the word today from the black panther party that they will be carrying firearms for rallies in cleveland ahead of the convention. ohio has the open carry law which does add a new element for the protesters get the black panther party came out with an interview. reuters plans to have guns in an event that will run from tomorrow night through monday. ahead of the convention of the press. that should wrap up before everyone gets to cleveland. next week we have all kinds of different elements mixing together in the state of ohio, which adds something new. the donald trump protests to show video from california and we've seen it in many places around the country. things got ugly with the party convention and other incidents in the state of california. the worst of it in costa mesa on

the eighth of april which is the night before the state convention. we've seen the anti-term protesters out. you will combine that with pro-trump protesters who have said they will be in cleveland throughout the week to make their presence known and open carry law. definitely adds a new element. as a 1.7 square mile protest zone been set up in cleveland and the police have said they will lay low. and maybe going too far, public more for the golf shirts and the bicycles rather than the right gear. they don't want to look to militarize. there's questions how well they are prepared on the ground. charles: connell, thank you are you much. appreciate it, man. new developments for running mate right now. donald trump is meeting with newt gingrich. )-right-paren think risk is we have held meetings with donald trump. suzanne, i want to go to you on this. we heard not long ago donald trump say newt gingrich would have a role in the administration. he was ruling them out as a

potential running mate. maybe because of everything that's gone on, he's reconsidering doing it again. >> he said yesterday he wanted a tough person. when he was in congress, he's a very affable person. yesterday in a speech he was very tough. he went after benghazi on a lot of issues. you can see mike pence trying to rise to this occasion. newt gingrich is already there. newt gingrich is more effect than a karl rove type strategy position at the white house and you have mike pence is much more likable. he's younger than newt gingrich. he is definitely great community. a former radio personality. a really good relationship with the press to help donald trump as well. those are the key factors. charles: before we spoke with

connell, we were talking about the republican party itself in certain elements that still haven't bought an. they still don't have that sort of convention. many think that mike pence may bring some of the midwest along with other constituents, key voting constituents. >> even in his home state of indiana, a big shakeup at an invite is running for the u.s. senate which has made the race more competitive and makes indiana a target for possibly both parties, which then have been the governor on your ticket is a big hopefully to stop any bleeding for republicans. pence is what donald trump says he needed. diagnosed and predicated on opinion. hence fixed up mold. when i look at gingrich and christie, those are two types of personality. gingrich would be much better as the chief of staff for someone on a more senior level, whereas christie is the fire cannot bet my complemented really well.

new jersey is not a state in play. christie brings this new element come executive leadership that fits right into trump's mold. when you look at it, do they complement each other or do they balance each other? that's a delicate thing a vice president has to do. charles: we've got to go to break. i want to read the audience, this is huge. fox business all over the convention in cleveland. speeches, protests, the fallout. everything that has to do with your wallet starts right here on monday on fox business here we are waiting for david cameron to submit his resignation. his car pulled up into buckingham palace and the reddish exit leader, nigel farage will be here. we've got a lot to talk about. the record high event today earlier. of course, all of this after the u.k. though. if you watch spn before the bow, you would've saved yourself a lot of money.

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after breaking the major barriers in right after the british exit though, before the vote we've been telling you to be the e.u. would not be the end of the e.u. appeared far from it. while the networks are bracing viewers for devastation of all-out and catastrophe, we now see that the fallout is all-time highs, investors make it a whole lot of money. that was then. where did the markets go from here? we've had a pretty good move. after the british hysteria, the market has been reacting positively to positive news.

what's a catalyst the catalyst to get a tire from your possible? >> re: how to recovery. there's no better news. the only real catalyst is the situation cost adventure straits to plunge and will cause many simple banks to be lower rates. they like inflation. the bond investors don't like them. we have lowers rates right now. >> they have a done too bad. >> they're worried about some economic crisis. charles: after the british exit though, we near the central banks had set up emergency programs to renew central bank policy would be more accommodation and yet we had a two-day plunge that set a record for the biggest loss in terms of market capitalization although the markets knew about this. in the meantime, we've had better ice and manufacturing data and a jobs number that

crashed all the estimates. normally the fed will raise rates and yet the markets rallied. >> the economy is better than our brave. we shouldn't be at 1.4. the market gets surviving everything from real estate to stocks. and yet, really we are not in a recession. there is also -- this is bad for the u.k. i don't and it's bad for stock out of the u.k. because ultimately it is the currency things. that makes deals happen like right now paradise is doing really well because it will stay weak because of the situation probably for a year or two as the sun lines. charles: you mention current need. the pound going down helps the u.k. particularly as they branch out and start to focus on trade with asia, trade with america gives them a better chance to improve on that. is that a net positive for them?

>> now. if they were germany and a big exporter of noxious services, but cars and airplanes, then yeah. but what it benefits his euro countries in germany, france. they are now selling products to a world that is cap sort of artificially cheap. there are issues where they need to have the currency valuable. you'll want to be financial capital of the world did i see london not benefiting from this. hundreds on the border that are borderline like italy on the ongoing week. charles: dave benefited already. i don't know if that would've happened if the u.k. had voted to stay in the e.u. they would certainly play hardball. >> things might get worse and

then things -- other countries could leave and who's going to support these looser countries. >> who will actually want those currencies? thanks a lot. the republican party moving towards donald trump officially. does that mean trouble for the guys who continue to avoid donald trump. the never trump camp. their last dance next year

to enact this election is not simply a choice between a democrat and republican. it's a choice about what kind of country want america to be. even though you don't want to admit it, may depend on the united states of america to lead. >> always we have led from the front, never from behind. >> the fact is this election is not just about one office. it is about one nation. >> mr. chairman and delegates, i accept your nomination for president of the united states.

charles: that if the rnc flashback. republicans speaking at the 20 talk convention. the big names will appear this year to ron christie. if these republicans risk being left behind by their party. we all know the drama that has gone on during the primary season and things were said in the hard feelings. also some elements about new conservatism versus old. what about party loyalty and risking the legacy they built up, some of these guys who are going to show a good >> this is stored as an opportunity to recognize a couple things. the electorate is going in a totally different direction than the never trump contention in the first place. you expect the future of your party to change in your direction. the reality is they probably ball. they voted for the antiestablishment candidates. many chose strong.

the electron faith ahead of the ticket now. as they go into the convention, question they should ask themselves is july 12 disengage completely cannot be a part of the process and advancing the future, or do i engage? do i influence the candidates, use time to try to speak to what i think the ideals of the party are an influence at the future looks like rather than throwing your hands up and surrendering. charles: is that what you think ted cruz and paul ryan will do. is this more about them trying to reiterate their position and their idea of what conservatism is for their actual true honest support for donald trump. >> what they need to do, they are going to put forward their positions. they should make themselves an active role in the convention as possible. charles: real quick, i know you have been a never trump conservative. he remained in that position. >> idea. i don't believe donald trump has a real strong sense of what it means to be republican.

he has not articulated a very strong program. >> what about the millions of republicans who like his ideas and that is what we change. the platform is change. are you willing to accept that change or are you going to ride this out? >> i accept the fact millions of people look at the promises made by republican politicians and promises have not been answered. promises have not been fulfilled. donald trump is the perfect vessel. i am going to sit this out in the sense of we without the complexities of foreign affairs and domestic policies come at a chinese running around the south china sea. we need a commander-in-chief in the mud who understands complexities and that is not donald trump. charles: let's switch gears for a moment. we've got some breaking news. ron talked about sitting this out. senator jeff sessions is on his way now to meet with donald trump. earlier this morning it was mike

family had newt gingrich. they spent so much time together. you guys get the sense that it almost feels like the final four. you see the names. what does that tell you about how donald trump is about his vp pick? >> this is a case very similar to george w. bush and dick cheney in 2000. i need someone who is a bridge way to the republican establishment, hans gingrich, all good guys, all very small, all very connect to it. >> honestly, my feeling is to no-space-off adult trump will govern. this is the big question of the never trump movement. the risk of her the benefit. as a good chance this is a guy who's acknowledged she doesn't have a lot of governing ex. he could be the mascot for the country while he brings in a vice president who knows how to run it. charles: the names we are floating around right now and

gone to meet with donald trump today, could that also be an olive branch for people in the conservative movement and the republican party still aren't convinced. >> you think by picking someone like a pence, there's a good chance he could wear down people. if they see a trump pence ticket, maybe they changed their minds. across the country, and my cause voters to take a second look. charles: thank you very much. he's the guy who let the british accent though. why is he himself, talking about nigel farage. he's got some big problems with the new conservative leader. find out why in max. -- next.

charles: breaking news. buckingham palace saying david cameron has officially resigned. and in the job over to theresa may. the former u.k. independence party, nigel farage now leaving his own posts. a lot of people still wondering why have you left particularly >> i spent 25 years campaigning for britain to leave the european union. i was businessman who came into politics by giving back control

of the democracy of our nation. so we've achieved it. we won a referendum. i haven't disappeared completely. i haven't retired. i've taken a step back it that somebody else take on the job at the u.k. i can be a bit further to commentate on what's going on. as we speak, teresa theresa may is an buckingham palace talking to the queen. the first prime minister had an audience with winston churchill. it's really amazing, isn't it? charles: that is one band in history. a lot of people say winston churchill, are you sleeping now with regard to history and many people believe this is an independence day if you will for the u.k. i want to ask you more about theresa may. she doesn't sound like a pro-business.

she doesn't sound like what americans would sound like. >> david cameron didn't sound like a conservative. his parting shot is that i (-left-paren and, my two great achievement with a massive increase in the foreign h. budget and the introduction of gay marriage without it being in the manifesto. it has launched even before becoming prime minister. i've got concerns about that. the real worry is this reprimand and was the biggest constitutional decision this country has taken probably since the english civil war 350 years ago. on this division, she was on the wrong side. she supported this data's quote where laws and courts were in brussels and luxembourg. i'm not very happy that she's prime minister. however, she is and she has said that brexit means brexit.

we will see. i will be watching this process like a hawk. charles: you will also be keeping her feet to the fire. i want to ask you about the other part of this, the european more specifically. angela merkel, terrorists had used a refugee program. we know you are not surprised. but what does this mean? >> well, we have decided to leave the european union and that is i'm delighted to say what we will do. we will get our country back. the buildings you see behind me will be the place with pakistan. the e.u. itself has massive problems. angela merkel last summer made i think the worst policy mistake by any european leader by saying anyone who wants to come across the mediterranean is welcome into the e.u. we have the bomb plot that will stop the german secret services.

all of us to go have come across the mediterranean last year. we oust though, dare i say had six attacks to place on new year's eve in hamburg and elsewhere on a scale that i think is absolutely horrendous. yesterday, yesterday the french head of their security services said he fears, and i quote, a civil war in france because of the cultural divisions that are taking place or mass immigration from northern africa. this is a very senior french figure. no doubt brexit or no brexit, the european union and himself first with this macro policy. secondly, if i give you a tip, watch the euro zone. watch the italian banking system. watch what is happening in greece.

this european project is dying before your very eyes. >> is so interesting i mentioned to one of the previous guess that it feels like it'll take advantage of the notion they will bolt by getting some commissioners say they're banks struggling with massive debts to your point. we've got around issues in america. we'll be going to the republican national convention this week. also his search for a vice president and this rejection of the elites on both sides of the atlantic. >> a message i'll bring to cleveland next week. by the way, i won't interfere in american politics. president obama came to london and tried to tell us how to vote and to brexit referendum. i'm not coming to tell people how to vote, but there is one massive lesson from the brexit referendum.

the establishment in westminster is i think in many ways similar to the establishment in washington. we lost touch year with england and britain and i suspect that much of washington has lots touch with real america. what we did in the brexit campaign is we inspire the little people, the people who previously felt their voices would never be heard. the people who never voted in their lives. we inspired them to go out and vote in the referendum and that is what got us over the line and the less than a for the republican policy is simple start engaging with real america and getting people back into those polling booths if he wants to win. as for trump, he clearly? experience in politics. that doesn't necessarily mean he can't do the job properly. his choice of vp in the team he puts before the american people is absolutely crucial.

he does need people with fixed errant of how the game works. >> you are familiar with our political process just moments ago we heard jeff sessions, senator jeff sessions on its way to me with donald trump. donald trump met with mike pence and newt gingrich. is there any one of those three that you think would be a better fit for him? >> i am proud to call jeff sessions a friend. i met him many times. we correspond on a regular basis. i don't know the others. i can't comment directly on them, but they are experienced people and straightforward, honest people. i think that's what america wants. people are sick of this band and the cynicism of career politicians. they want people to tell it how it is. charles: are you going to speak in cleveland as well? >> i will be doing press briefing. if you want me, i will calm on.

if you'll have me. i'll be there. charles: congratulations once again. we will reach out to you next week thank you very much. >> lismore and beginning to speak at a liberal think tank. the americans for progress, talks of her jumping and. next, the top contenders that could really shape this race. she will be upon them after this.

>> and nicole petallides with their fox business brief. back-and-forth action over the unchanged line. another record year for the dow, s&p 500 hitting records. do not back is still positive for the year 2016, gain that daughter ready this week. right now down about 10 points. also at 2000. it is pulling back even more so when the major averages today. keeping a keen eye sometimes to be a bearish indicator. we are watching amazon, better than expected numbers from amazon prime day for orders rise to 60% worldwide. though bloomberg said amazon prime day was about 30%. there have been some mixed reports. shake shack managed to search

today that came up earlier highs.

charles: breaking news. the press association are reporting sub nine and is now officially the prime minister of britain. lives were in addressing working-class that i think came. new developments about who other clinton is batting. deirdre bolton here with the secret dive into the potential contenders.

records on the economy particularly. >> yeah, should we start with dan's first or gop? we can kind of clear the deck without. one military man, retired four star navy admiral.the advantages to serve as a supreme allied commander for nato and essentially logs are a sure it has experience with afghanistan. as we know, this is becoming this whole struggle. al qaeda, our fight against terrorism is becoming a bigger and bigger part. and the role of nato itself. who is paying for why. they talked about the funds going into.and donald trump is one who has said the u.s. should be painted as for everybody else. people who are pro-nato say that is the strongest organization for global security, even if we put them her dollars, we are about dirty 3%. that is worth it. on the democratic side, you have the former governor of virginia,

governor kane and former secretary of labor or rather secretary tom paris. those on the shortlist for hillary clinton. charles: let me go back to the pros and cons. tim kane, a lot of people say there are some issues with tim kane. >> senate committee in the chair. as far as the party goes, you know, accepted by the party if you like. a big civil rights record, as far as that couldn't take it goes on the dirt manages and disadvantages to reach. charles: i think he is. i'm not sure. >> there will be some feathers ruffled with that. overall, had six ear and says dnc chair if he somehow

stabilizes and unifies the party. it took until yesterday to endorse hillary clinton. they center on unity issues just as much as republicans. charles: will talk to republicans. meeting with indiana governor mike pence. this morning he met with newt gingrich separately of course. these are reports really service and donald trump in the final phase of his vp pick. deirdre wahab's topics in the next hour. rnc security concerns are mounting. one group apparently planning an armed pro status, creating a security nightmare. there might be more than one. we will be right back. you both have a

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charles: backlash for supreme court justice ruth bader ginsburg. donald trump calling for her to leave the bench after she doubled down on attacks against the presumptive republican nominee. then they criticize every than entering the political arena and the first way is. thought for you in the next hours. security affairs are escalating as the new black dancer party says they are planning to take advantage of the states open carry laws and they began protesting in cleveland this week. hoping the convention doesn't turn violent. a lot of people talking about carrying guns. i know that security after what we've seen in last week in this country, paramount turn. a lot of people worried. >> what will happen at the convention. their areas outside of the secure zone where the secret service had control to establish a secondary perimeter. open carry doesn't mean you get to carry inside the security zone. the new black panther party a

small but vocal. this is good at and gun club in dallas. they don't believe in the democratic process. they won't get attention paid to them. i look at the assessment shared with me about the plans are for. the rnc and the dnc not limited to republicans because threats are there to be considered potential threats. right now they don't have a credible threat. they are being cautious about how much they are putting out, were certain lots will be established. the so-called uber lost and other things. they are doing the best they can. the new black panther party may try to raise and doesn't get violent. i picked up my bulletproof vest today. i've got to go out in these valleys and crowds only when i have to deal with the leftist, the black panther party. do i need security and that is the real world we live in.

charles: connell, i spoke with him earlier. apparently the cleveland police are going to try to have a nonaggressive book. bicycle shorts, that kind of stuff. they won't be out there initially with all approved by sun. would that be the politically correct way? should they be prepared for a worst-case scenario or befitting backs for a worst-case scenario. >> bullets move faster than you can put on a bulletproof vest. but have been dallas with a less aggressive stand. charles: you think it is okay to have a militaristic club. >> i say you walk the line carefully. you do not let your officers going to potential danger unprotected. that is wrong policing. i'm sick of the profile being overplayed. we don't want cop shop. we don't want citizen shot. if they've got to roll it and

i've are a knife wound, we are dealing with an institutional left that is dangerous in america and anti-american. they are anti-american in every way. charles: i agree with you and i hope anyone who violates the establish zones are immediately arrested. >> no-space cells. no-space basis you put them away, but america system play out. >> you be safe out there. braking is a donald trump's closeness campaign advisor. he is going to be up next. we will be right back.

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charles: republican agenda evolving with donald trump and establishment republicans bolting from the trump camp. i am charles campaign -- charles payne for neil cavuto. new details in the fight for the republican party.

the rnc making big headway in moving north to the donald trump base, message including strong language on trade and adopting his push for a border wall. the gop platform is evolving, blake berman reports and republicans are still revolting. >> reporter: i spoke with one of the top members of the free the delegates movement who told me there movement to unbind the delegates during the rules committee meeting tomorrow and friday is progressing. and who you talk to is who you believe at the moment. kendall is leading the movement, feel the delegates should go by. >> republicans do not like to be told what to do. it is a god-given right, the party cannot take it away, the are in secants take it away. >> bottom line, they need 28 members when they meet thursday

to pass a rule that would allow a vote on delegates unbinding on the floor of the convention. she tells me she has those 28 but i spoke to one of them by email who told me it would be a very big uphill battle. to try to put this together. it is who you listen to at the moment. charles: really appreciate it. some additional developments coming on the donald trump vp search, chris christie and mike pence in the last 24 hours. charlie gasparino has breaking news from inside the trump camp along with democratic strategist, but first. >> this is from inside the campaign. i am not making a prediction, the trump advisers, the campaign, the guy running the

campaign, and his children, to pick mike pence as vp candidate. this is what people in the campaign i saying. they think pence is in the lead position for vp. some i believe very strongly but also question -- he might do a good move and at the end pick newt gingrich or chris christie or sessions. if i was going to lay out the odds it would be chris christie, newt gingrich, sessions in that order, christie, sessions, gingrich, i think gingrich's least a clay because he might overshadow donald and knowing the way donald operates he doesn't want that to happen. difficult to predict, you can go by what people are telling you but the weight of the adult, quote, adults in the room, paul manafort, eric trump, children, donald, those forces are saying pence makes the most sense. republican governor,

conservative into the fold, and donald hasn't bought in, he leaves open the opportunity for a good move. it is not over until it is over. charles: you have been a donald trump supporter from the beginning. i don't get the sense, hold on one second, we have teresa speaking now. >> than ever before. david's true legacy is not the economy but social justice. from the introduction of same-sex marriage to taking people on low wages out of income tax altogether, david cameron has led a one nation government and it is in that spirit that i also plan to lead. not everybody knows it but the full title of my party is the conservative and unionist party and the word unionist is very important to me. it means we believe in the

union. the precious precious bond between england, scotland, wales and northern ireland. it means something else just as important, it means we believe in a union not just between the nations of the united kingdom but between all of our citizens, every one of us whoever we are, and fighting again the burning injustice that if you are born poor you will die 9 years earlier than others. treated more harshly by the criminal justice system than if you are white. you are less likely than anyone else in britain to go to university. in-state school, less likely to reach the top profession than if you're educated privately. if you are a woman you will earn less then a man. if you suffer mental health problems there is not enough

help at hand. if you are young you will find it is part of ever before to own your own home. the mission to make britain a country that works for everyone means more than fighting these injustices. if you are from an ordinary working-class family like much harder than any other people in westminster realize you have a job but don't always have job security. you have your own home but worry about paying the mortgage. you can just about manage but worry about the cost of living and getting your kids into a good school. if you are one of those families, if you are just managing, i want to address you directly. i know you are working around the clock, i know you are doing your best, i know sometimes life can be a struggle. the government i lead will be driven not by the interest of the privileged few but by yours. we will do everything we can to

give you more control over your lives. when we take the because we will think not of the powerful, but you when we passed new laws, when it comes to taxes we prioritize not the wealthy but you. we won't and french the fortunate few. and any background to take you as far as your talents will take you. an important moment in our country's history. a time of great national change. i know because we are great britain, we will rise to the challenge. as we leave the european union, we will forge a bold new positive role for ourselves in the world and we will make

britain the country that works not for a privileged few but for every one. that will be the mission of the government i lead and together, we will build a better britain. charles: a new prime minister of the united kingdom vowing first of all educating everyone because they talk about her being conservative but she wanted everyone to know her party is the conservative and unionist party. it means a united england, united uk, england, scotland, northern ireland and united country not only for the elitists. blacks seen in a harsh reality, the white working class, need a chance to go to university. these are things they have been saying in the last 24 to 48 hours and taking on bosses, wants to go out, workers being exploited by unscrupulous

bosses, close the unhealthy pay gap between bosses and workers. in this country we may call her progressive but she has taken the conservative mantle, she is britain's new prime minister, it may echo here. let's talk about it. she made a comment, a great trivia question a day or so ago, she wants a country that works for everyone, not just the privileged few, that sounds like bernie sanders. >> it event hillary clinton says it too but it absolutely does. charles: i had to get that in. >> stretching it out. conservatives mean something different over there than it does here. i worked for boris johnson. we know how lefty i am here. this was a great statement from theresa may and the country is excited about it. we have someone who wanted to stay with the european union now leading but we will see,

certainly -- a way forward. >> hardly a lefty. what am i missing? >> i am saying i am a lefty, i work for boris over there. charles: you are an open-minded person. a lot of people see the parallels, what is happening over there and what is happening over here, they go back to history, thatcher, ronald reagan at the same time so these political movements transcend borders. we have seen it happen before. any lessons, anything donald trump is looking at over there or thinking about as he decides on a vp pick? >> the way british people receive this message could be a fair gauge but we have to look at the fact that equal opportunity doesn't mean equal achievement. you are free to achieve as much or as little, like america, things like that, and -- charles: isn't donald trump saying something has gone wrong in this country and there is no

longer equal opportunity? that message for blacks, working-class folks in west virginia who used to work in the coal mines and had jobs taken from them in political elitists? >> what we have to do is let the free market sort it out and this is what the new prime minister is not willing to let happen. they are diving head first into socialism, the rich, you can't legislate people into prosperity. it has tried and been done throughout history had never worked, every country with socialism is running away from it and -- charles: poor people donald trump met met within the last 24 hours i don't think you're a big mike pence fan, but he is at the top right now in terms of the vetting process. who might be picked, who would you like? >> not that i am not a mike pence fan but donald trump railed against common core. honestly i would love to see someone like gingrich coming because he worked with the

clinton machine and balance the budget under them. he can do a great job and there is not a person who can debate gingrich. >> the guy at the top, george hw bush called reaganomics voodoo economics. that is an easy sort of dance. i think it is -- we shouldn't jump to conclusions what this woman stands for, whether she is a lefty or not, she might be a thatcherite using the rhetoric of the left to build a coalition. i don't know enough and we don't know enough. charles: i think she was for remain. cameron lost and he quit. >> we don't know where he will come out. is she going -- is she going to -- is she a labor party boss in drag? >> he is not. charles: this is -- how about

this? the western world being afraid maybe the pure forms of capitalism are not working anymore. there is a lot of elements to it, low birth rates and those things but the rest of the world is coming on and people on both sides of the atlantic are afraid the system that has been established that gave us all the prosperity does not work anymore and are grappling for answers. >> they are absolutely. it is kind of exciting that both sides of the aisle here and in the uk and elsewhere are talking about the same themes, irrefutable facts with income inequality or racial injustice. >> i have been bombarding a lot of info lately on the merits of the black lives matter -- >> that is not what i'm talking about. charles: that is grown dramatically. most dramatically during a time when the president of the united states has made income any quality one of the focuses of his policy agenda so it has

grown more under a democratic -- charles: the message is you can make something worse by no matter what your intentions -- take guns out of people's pockets. >> that is not what is going on. charles: we saw new highs earlier today, the tao, bank earnings are up next and they are going to be critical, trailing, we will talk about it when we come back. ♪ music

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nbcuniversal's coverage of the rio olympic games. call or go online today to switch to x1. charles: stocks on a tear particularly after the british exit vote, anxiety has gone away, the s&p a new highs, in and out of negative territory, a

lot has to do with oil and the big question, bank earnings, the next 48 hours, we brought in john layfield about whether this volatility will continue and banks have been a major bagger, could that be the next group that makes or breaks this rally? >> i certainly think, banks had a lot of exposure, i would stay away from jpmorgan, they may cut 2000 jobs, they are using this as a downsizing, that is because they have to move those jobs into continental europe. we don't know what happens next. if it is just britain i think we are okay. norway and switzerland are doing fine with in europe but not within the eu. the dominoes that fall, that is where we worry about financials that have exposure to the european market but as far as discovery, regional banks in the united states, banks with domestic earnings, they are pretty good. charles: these banks have been

ladders, do they make major changes with respect to how they do business? looking at the most recent survey of senior living officers, this year versus last year down significantly over the last few years what is the model for them particularly in the low interest rate environment? >> a lot of pressure came from dodd-frank bill that really took liquidity out of the market. a lot of pressure on those things because of that and a low investment rate, these banks are going to have a lot of issues but in that market the banks that are good become stronger so you look at good solid banks that are here now are the ones to invest in the future. charles: we are just learning illinois, obama care insurer closing up after subsidies have dried up. more proof the program simply does not work, without government assistance. a lot of the initial government

subsidies are fading. every year more programs go away and it looks like it is becoming more expensive, they are shutting them down and we are paying a heavy price. >> lincoln national was founded in 2014 as a co-op, $2.4 billion in government loans to start up the company, it was based on federal subsidies. when you have a federal subsidy coming out, you will have problems, they sued the government to get federal subsidies back, they are not getting them back. the problem we have is healthcare was not rormed. you just added a bunch more people to a market that was fractured. are you will do is exacerbate the fractures by putting more people in it because no reform was done to the entire health care model which is necessary so these companies that were found on a subsidy model are going to have problems when subsidies are withdrawn. charles: you have hillary clinton further to the left and

adopting some of these bernie sanders ideas. i guess it sounds like a whole bunch of things out there, more people on medicare. it feels like it is going to be more expensive, more of a strain on the system already. >> you were covering all this when obamacare went through. nothing was done except a bunch more people on insurance roles, didn't have health care reform and created so much ill will in congress but nothing could get past that could help as far as health care reform so a lot of them were pushed to medicaid so you push the money off of the federal coffers into state coffers. states are having problems, they have to balance their budget every year so they are pushing back so the model is built on fragility because there is nothing underneath it. there was no healthcare reform, no transparency, $50,000 -- no reason, no transparency.

and the ill will created to get this through. >> have a great weekend if i don't see you. appreciate it. what should we expect from the uk. and in one of the closing dialogues. 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.

♪

>> as we leave the european union we will forge a positive role for ourselves and the world and make britain a country, not for a privileged few but for everyone of us. that will be the mission of the government i lead and together we wil build a better britain. >> on this division she was on

the wrong side, she per supported a status quo where our laws in brussels, i am not very happy that she is prime minister, however, she is, and she has said that 18 means up to 18. we will see but i will be watching this like a hawk. charles: hitting the new prime minister of the uk in the last hour but who is teresa may? liz mcdonald has details. that is the question everybody wants to know, who she is. >> she was born october 1, 1956, studied geography, more of a libertarian conservative. she is saying she could push brexit to 2017 so those misgivings are founded. how aggressive will she be about brexit and will she be appointing to receive britain's exit from the european union? that is key, a tough guy says i

voted for leaving, that is the ideal person to handle that. charles: she voted to remain and that went the wrong way. others wanted to see article l right away and she pushed that, so a slow process. some of the language like the uk will still have access to the eu, you will make this a symbolic vote instead of what it was, a referendum. a demand -- liz: the other thing, there are policies that are interesting, the working people, doesn't feel decidedly conservative, and increased productivity.

and between ceos and the average worker. charles: some scuttlebutt to put an average worker on the board of directors to have oversight and insight, and progressives in this country, and to your point, went to public school, and maybe does identify with the commoner which people want because it was in the uk, 70% of folks said the government doesn't represent the people so she might be the right person, but overall will she carry that conservatism? liz: we haven't heard this so vehemently about income any quality that teresa may has, how she has wages in the uk, and spending on infrastructure. charles: the state department sending taxpayer money to a

group attempting to oust israeli prime minister benjamin netanyahu. how much of our money is used to get benjamin at yahoo out of office? we have seen -- the politicization of intelligence and seeing the politicization of foreign aid, the state department has a ton of money, that can use taxpayer dollars to support overseas programs, promote democracy and human rights and american values. what we have seen through this report, we owe senator portman of ohio a big thanks for discovering this. the state department used

taxpayer dollars for and obama related initiative. what i mean by that is this money went to gather information about the israeli election, being coordinated by former obama staffers and consultants. this is a problem not only for america's credibility but the state department's credibility. it calls into question a review of all the dollars the state department are spending overseas. there has been a call for reforming foreign aid program and when you see programs like this being abused, people are going to look at 0-based budgeting, they are going to look at the state department starting over every single year and have countries come, this is

what we want to spend us tax dollars on and congress and the state department on a yearly basis, and every program starts from 0. that is what the foreign aid program would work. we look at the abuses where the obama administration is looking to push their political agenda onto the israelis. and how to deal with internal politics. where have they been spending money politically to urge her their own agenda. charles: glad you brought this to us. charles: according to both sides of the aisle, calling supreme court justice ginsburg jabs at trump inappropriate. wait until you hear what donald trump has to say.

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so i use quickbooks and run my entire business from the cloud. i keep an eye on sales and expenses from anywhere. even down here in the dark i can still see we're having a great month. and celebrate accordingly. i run on quickbooks.that's how i own it. charles: donald trump calling for ruth bader ginsburg's resignation as even "new york times" editorial board taking donald trump side in the battle. to attorney general wendy patrick. unusual battle between a supreme court justice and a presidential nominee. wendy, i think we have seen it all in this campaign but this one is a real head scratcher. a mystery on the part of the supreme court justice. where is she coming from on this. >> donald trump has tangled with everybody from famous

journalists to fellow gop leaders to the pope. now taking on the infamous ruth bader beginsburg. where is she coming, charles. that is a great question. appears she is cashing in on her political capital. other side of the aisle, as sitting justice there is no place for candidate discussion. you understand there is no place for political discussion because justice scalia weighed in many times during his tenure on political issues and got heat even for that. it is unprecedented for anybody to chime in on political candidate especially running for president of the united states. charles: i called you attorney general. you're still a trial attorney. >> thank you for the promotion. charles: you never know. u.s. courts, you go to u.s. court.gov, one of the things they have here, cannon number 5, a judge should refrain from political activity. now one thing to opine on changes within society which is something that scalia did.

another thing to take direct aim at someone who could be next president of the united states which is what is happening here. if donald trump is indeed elected should she recuse herself from any case that directly correlates to him as businessman or his administration? >> charles, that is the question everybody is asking, his, regardless of whether you can make an ethical violation out of it. let me say why that is so tricky. the cannons of judicial ethics they bind, this is the conduct that governs all judges. but what about justices of the united states supreme court? nobody polices them. nonetheless, they take it upon themselves to abide by these cannons, by these ethical rules. the fact that she stated something that arguably rines afoul of one of those rules would definitely affect the recusal motion filed to recuse herself. once the court is full staff with nine justice, that could end up with 4-4 split. that is one of the other reasons

that people are concerned this is a kind of statement that could come back to haunt her in the future. charles: all right. wendy patrick, future ag, thank you very much. really appreciate it. >> thank you very much. charles: all righty. donald trump very close to picking his running mate. next, karl rove on the biggest factors that donald trump needs to consider. ♪

>> hi, i'm jeff flock live on the floor of the cme in chicago with your fox business brief. what goes up, must come down. oil, yesterday, up 4.6%, the biggest-one day gain since april. today we're giving it right back. down $2.08 as we speak, giving everything back down on strength or perhaps weakness of the latest government inventory report on oil. a smaller than expected drawdown in oil stocks, but then distillates, expected to be up by about 250,000 barrels? instead it was up 4 million-barrels. we are swimming in oil and oil products. where does it go from here? some traders say it could go even lower. that is good for gas prices. "cavuto: coast to coast" continues after this. charles will be back. stand by. i'm just a guy who wants to buy that truck.

and i'm just a guy who wants to sell him that truck. so i used truecar. it told me what other people in the area paid for the truck i want. and because we're a truecar certified dealership, i already know the truck he wants. so we're on the same page before he even gets here. -it's fair. -and it's fast. look good? looks great. this is how car buying was always meant to be. this is truecar. ♪ >> indiana has been special to me. i think the, the level of receptiveity that i had her is incredible. the governor, he has been amazing. we'll see what happens. newt gingrich is coming in today to see me here. >> so you're down to two? >> no, chris christie is somebody i like adlong time. he is a totalofessional. a good guy by the way, a lot of people don't understand that. but i'm narrowing it down.

i'm at three, potentially four. but in my own mind i am probably thinking about two. charles: catch bret's full interview with donald trump tonight. right now our own charlie gasparino reporting that donald trump's advisors and children are prodding the republican front-runner to choose indiana governor mike pence as his running mate. to deirdre bolton with deeper dive, i'm calling it the final four. the brackets. >> there you go. like the sweet 16. it is exciting like that. deadline is fried. we have clock ticking, as far as fund-raising there is stories in the "wall street journal," koch brothers powerful set of donors for republican party are actually very much in favor of the indiana governor. there is some money. there is a lot of reasons why he, of course, appeals to the conservative base. a lot of people who say he is fiscally conservative which, some people think would really

be a good pairing for trump. the question with him, really though, because donald trump told "wall street journal," i'm attacked from all side. i need somebody who will fight for me. there is question whether indiana governor was in that vein as a chris christie would be for example. charles: sure. last night i think he auditioned for role. he gave a speech. he was tough. wasn't chris christie tough. >> he got a little bit closer to where at least our sources are telling us donald trump wants the tone. charles: but i don't think he is the natural bulldog to your point. i don't think he is counterto elizabeth warren who has natural inclination who wants to have fisticuffs. whereas chris christie, he shot to national prominence because of that. >> i was thinking a lot of people, insiders, their pick for next u.s.ag is chris christie. some of this vp may be a little

bit of a smokesscreen but the role he is suited for is u.s. ag. i mentioned money, i want to bring in sheldon adelson, chairman of las vegas sands. he has contributed, written pretty big checks in the past. he said simply i like newt. charles: could potentially bring in $100 million? >> yes. charles: the koch brothers on one side, sheldon on another side. >> also sessions and also lt. general michael flynn. many people say, okay the military experience would grittily benefit donald trump. the issue him, we talked about this in the opposite way on the democratic ticket is lt. general michael flynn is actually pro-choice. he has said my family is lifelong democrats but i believe in donald trump. donald trump apparently is very much a fan of his. he certainly has the military expertise but it is unclear whether that one issue could make-or-break the ticket. charles: definitely, it is a

nail-biter that's for sure. deirdre, thanks a lot. really appreciate it. i want to turn to karl rove what donald trump should be considering with this vp pick. carl, deirdre just laid out all the different items to consider. i just want to also talk a little bit more about senator sessions in my mind, when he went with donald trump instead of ted cruz, i think that shifted some bonefides from that constituent, if you will. i think he is someone who ten donald trump navigate washington, d.c. and ultimately get through the policies if he were elected. >> i think that's true. i think the most important consideration for your vice-presidential pick is who would be the best partner to you in the oval office and if something terrible happened to you, who would step in as president and have immediate confidence the american people. i'm sure every presidential candidate says that was their number one consideration, but obviously political considerations who helps me

here. who do i have a personal simpatico relationship. who can play a role i want them to play on the campaign trail which is generally the attack dog function, i'm sure that all enters into it but i think the most important thing for people to consider in this who is up for the job? who has the right talent and background to step into the awesome responsibilities of oval office if called upon. charles: karl, sounds like, maybe what you would describe is chris christie, the attack dog, real personally friendly relationship with donald trump but with karl rove, the strategist who understands how things work once you're in the white house, would you think, i don't want to say obsequious or sicko fannic, not the guy that pushes back but sometimes the president of the needs pushback. >> this is unwith of the critical things about the white house. that office, strange shaped office in the southeast corner t wing, the oval office has a power of its own.

you really need a vice president to say, mr. president with all due respect i disagree. one of the things about the modern presidency, the last four or five presidents far back as reagan, perhaps carter during part of his time, made it habit with weekly luncheon only with the vice president. and that was a place at which the vice president could speak plainly to the president without additional eyes and ears watching and listening to be completely candid with the president, then in the public meetings keep their mouth shut. that is what you want vice president to do in the meetings. don't want to look like the vice president is running meeting, dominating meeting, driving you in a certain direction. you want opportunity to get his private counsel. that is what the last four or five presidents have done. i expect if trump were elected would be inclined to do that as well, at least i hope he would. charles: deirdre bolton brought up the money side of it.

deep pocketed folks who have their different favorites how will that play in the final decision? >> i don't think it plays much in donald trump's decision. at the end of the day, the best study had been done by two professors at uc-irvine, the vice-presidential candidate adds average of 1% to the expected vote. on average. and, so the vice president is not going to determine the outcome of the election and neither is the money that might be drawn to you whether or not you pick the guy they're for. obviously sheldon adelson carry as big stick because he has been a generous benefactor of many republican candidates, same with the koch brothers. sheldon adelson said he is in for trump he is signaling who he would be most comfortable with. i think trump will take that into consideration. i don't think it will be dispositive thing at end of the day nor should it be. who will i guarranty the people favor them write biggest check

possible. charles: karl rove, thanks a lot. we always appreciate your expertise this is one for the books, huh? >> it has been. give me a promotion like you gave her last guest. you made her attorney general. what do i get to be? charles: i would give you vp but you're too modest to accept it. >> i'm not worthy of it and he doesn't need to worry about texas. charles: see you later, buddy, thanks a lot. >> thank you, charles. charles: you thought the republican national convention had a lot of surprises in 2012. you ain't seen nothing yet. we'll talk about next week, give you details what may happen next.

>> i've got mr. obama sitting here and he is, i just was going to ask him a couple questions but, what do you want me to tell

romney? i can't tell him to do that. can't do that to himself. [laughter]. you're absolutely crazy. [shouting] you're getting as bad as biden. charles: [laughter]. that was the clint eastwood, one of the more memorable moments from the 2012 republican national convention. kennedy covering action for us this year. what do you expect? how will we top that one? >> oh, i think there are a number of ways we're going to top that one. that was surreal. i will never forget that i was 30 feet from the stage. charles: really. >> producer said what is going on here? showed me a twitter account, clint eastwood's chair was already trending. what i'm hoping for because of donald trump's history in the pageant world, that he actually puts off this vp announcement until next week in cleveland. the vp, presumptive nominee is meant to speak.

i hope that he turns it into a pageant. miss teen usa no longer has bikini portion -- charles: i knew you were going there. >> former speaker gingrich and lt. general flynn, all on stage, programs chris christie, all on stage parading in their finest bathing garments. charles: i will go out on a limb , flynn would out do pence in that competition. others would lag behind. that is all i'm saying. what about the talent competition? >> the talent competition, it remains to be seen. it depends because we know chris christie keeps his mouth shout. he will not be singing like a canary anytime soon. charles: ventriloquist. >> he would be the dummy. he would have to sit on donald trump's lap. charles: oh. [laughter]. >> he has been one of his most active surrogates. charles: and, i've been trying to be more polite. i've been using sycophant. >> they're kinder. not loaded at all. charles: trying to be more -- i

want your take on this apparently there is new report out bill clinton, outlandish expectations when he is speaker, in particular one case he charged $1400 to the hotel for phone bill. i mean, you know, we heard about hillary and 225 grand. got to be a gulf 450 or better. these are a couple of people madonnas here, huh. >> absolutely. they put beyonce and kim kardashian to shame. i hear about bill clinton and his $1400 phone bill at a hotel in the fairmont in san francisco, which is lovely hotel. what are you, grandpa simpson? picking up the phone having like 50-minute conversations? can't he borrow his wife's blackberry. she only has one device. charles: he is avoiding server. have you made any phone calls? check my cell phone, honey.

>> he knows how to clear out history. charles: these are the people who are representing the people. >> what is interesting when bill clinton left office the going rate for a presidential speech was $60,000. the most he has been paid for a post-office speech is $750,000! these people were dead broke. they don't make anything. they don't sell anything. they don't offer particular service but somehow racked up $150 million in speeches. very impressive. charles: very impressive. can't wait for you to get out to cleveland. the market is on a tear. but banks are reporting tomorrow and that will make-or-break this rally.

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charles: tris trish: averages pretty much flat

even though dow and s&p hit all-time high. trading is barely down. seconds away, folks from the fed's report on our current economic condition. i'm trish regan, welcome to the intelligence report, we've got the books ready to go with peter barnes at the federal reserve to report it to us. peter: trish, the reports say they continue to expand across most fed regions. this is the review of the economic activity that the fed will use at its next policy meeting at the end of this month. it says labor market conditions remain stable, consumer spending was generally positive but with some signs of softening the report says. most districts were optimistic about the outlook of consumer spending in the months ahead. it also says that the districts reporting on overall growth expected to remain modest. price pressuresai