lower. ashley: heather, doug, bill, thank you so much for joining us on a day we've seen a lot of red ink. [closingclosing bell rings ] david and melissa picks it up with "after the bell." david: wall street getting hit snag in the face. the stocks getting slammed, down about 368 points right now. this is the worst day for stocks this year, no doubt. dow and s&p 500 down more than a percent. nasdaq russell closing down more than 2%. hi, everybody, i'm david asman. melissa: i'm melissa francis. this is after the bell. we'll tell you which stocks are getting hit the hardest. first here is what is driving the selloff at this hour right now. washington reeling from the latest bombshell report. the white house fierce sy denying president trump asked former fbi director james comey

to end his investigation into michael flynn. this as the president is meeting now with candidates to replace comey. the report sending shocks waves through capitol hill with both sides of the aisle seeking the truth behind the accusation amid growing concerns this could derail president trump's economic agenda. we are covering this from all angles. among our guest, texas congressman louie gohmert, host of "special report," bret baier, former goldman sachs partner peter keirnen. former israeli ambassador, daniel ayalon. and howard kurtz. david: quite a lineup today. the dow closing down 31 points right now as fear over delayeded tax cuts -- 371 points. as fear of tax cuts not taking hold. phil flynn, watching action in oil. oil, interest rates, gold particularly from the cme. lori rothman on the floor of the

new york stock exchange. lori, who is getting hit the hardest? >> the trump trade is unwinding. it was a tough session but it was a real clear trade. industrials, technology, the financials, those were the sectors rising that the trump pro-growth economic agenda would dig in. there is a lot of concern that won't happen quickly because of events of last 24 hours. let me talk about the stock market and names that were impacted. if you look at dow component such as goldman sachs, apple, jpmorgan, boeing, 3m, again, companies that you could pull from those from sectors looking to benefit from the economic agenda. those stocks i just named accounted for half of the dow's decline with goldman sachs being blamed for one quarter of the dow's decline today.

these names were hurt the most. goldman sachs and e-trade, these names down more than 5% today. charles schwab off 6.25 imseeing there on your queen. we have to talk about the vix. the vix was near 10-year lows because the market was calm and shrugging off any real, any other controversy or concern coming either out of the white house or the u.s. economy. well not today. the vix shot up more than 30% to a level just over 15, as fear is injected back into this market. with that i will send it back to you. melissa: all right, lori, thank you so much. phil, oil ending at three week high and oil getting a pop. is it just a flight to safety? >> i think that is a big part of it. gold has been going up five days in a row. we've seen the dollar hit the lowest level since donald trump was president. maybe those two go hand in hand but we're definitely seeing a rebound in these markets. of course if you look at gold

and if you look at these markets you're seeing a big shift mainly because of what is happening on interest rates. the bond futures have been flying the last couple days. the yields have really been coming down so people are looking for alternatives. is that fear? is it running away from the trade that was in place previously? i think it's a combination of all those factors but definitely a lot of those concerns have driven the markets today. melissa: all right, phil, lori, stick around. david? david: earthquakes inside the beltway finally making waves on wall street today as traders question whether the president's political troubles will cripple capitalist pig hedge fund, and lenore hawkins, thematic research. with that smiley face i have to start on a positive note here which is bill clinton at height of all his political problems that eventually lead to his impeachment, managed to lower the capital gains tax cut and get a boom in the stock market.

even if a president has serious political problems as bill clinton did youpartisan. the left and the right don't want to work together. trump faces some challenges that bill clinton didn't face in that trump has one of the lowest approval ratings of any president in history at this time. with a lot of democrats coming up for reelection in the midterm election, their constituency doesn't want to really see them working with trump. which is a bigger headwind for him. david: jonathan, the market always overreacts to the upside or today as an example to the downside. do you think it is just pricing in the worst-case scenario and then we'll move on? >> well, we haven't gotten to the worst-case scenario. david: hold on a second, what is the worst-case scenario? >> well politically that all of the president's promises on which this massive rally since

november were based don't come to fruition. that is what david has been worrying the market. a lot of people put money to work on expectation we would see lower taxes an regulation and health care plan. thus far none has come to fruition. the fundamentals of american companies are very strong but political risk now i think has investors -- david: lori, is that what you're hearing on the floor of the stock exchange? >> line or two how did the security look -- david: lori, we're having trouble hearing lori for a second. let me go back to lenore for a second here. lenore the worst political case analagy without any ideology at all, is donald trump is impeached. if trump is impeached president pence would continue growth agenda. make he would have a easier time because he knows how to deal

this is political fantasy i'm talking about but that is what traders minds work. >> the path from here to there if it would happen would be very, very rocky. most likely we would see recession during that time, this recovery is very long in the tooth from business cycle perspective. we never in history president come in after a two-term president not going into recession. even a lot of economic indicators are starting roll over, and we had a really, really bad first quarter in 2016. indication ittores of confidence are rolling over as well. a lot is pointing to we're starting to get where recession is becoming more and more likely. david: recession? >> recession more than likely with trump facing more after headwind and some sort of impeachment. that is the worst case. david: i want to go to lori quickly because she is looking at cisco numbers which just came in.

stay with the big picture, lori, quickly what are the numbers? >> it looks like a beat, top and bottom line, 60 cents versus 58 cents expected on 11.9 billion in revenue. 11.89 billion was the forecast. mild beat on revenue but still the sixth consecutive quarterly decline for cisco. as you know he they're struggling with main line services business, networking equipment. they're hoping to offset some of that with security and cloud computing. they appear to have some success with that. shares looking like trading lower as a result of this. david: almost 5% to the downside, even though they beat bottom and top line. phil flynn, they do things in pits of cme, price in futures interest rates and possibility of recessions. it is kind of a gambling pit. you heard lenore talking is

there talk of recession. >> you raise from rates in june that you don't that during a period of recession. things could changed dramatically but not right up until now. before we had you will at crises, we were expecting to see a whopping gdp number. i'm been hearing traders talking about we're hearing 3%, 4% growth number. those are crazy on the high side, almost opposite what you talk about in a recession. david: jonathan, getting back what is going on inside of the beltway, the growth agenda, whether or not that is crippled by what is happening politically, movements on pipeline, the tax cuts were getting nowhere. maybe the president is leaving for two weeks and his economic too many can focus on growth

agenda is a good thing? >> it needs to be made clear, david, there is confusion, especially a president made participating in the economy such a priority, creating jobs. for a long time we heard about lowering taxes. a lot of trades were made in expectation. i think if you can forget about the politics in a second the character of the market has started to change. today was the first day in many weeks you've seen more 52-week lows than 52-week highs. if cisco is trading down after the bell, it has tech prompting the market higher. if cisco is trading down, that is probably a poor harbinger of the days to come. david: lenore, you're the only person using the "r" word, the >> unless we see a recession we'll probably not have a huge pullback. keep in mind the average s&p stock today is trading more than 10% below the recent high. we're already seeing a quite a big pullback. i point out the fed hiked

interest rates into every single recession over past 50 years. that's what they do. in 2007, nobody was thinking we would see the pullback that we did. david: lori, 372 points on the dow is huge. it is not recessionary. >> no panic. david: you see no panic down on the floor, right? >> couple metrics to look at, average daily volume is trending one month daily average. the fact people are playing in the market is important. we've been reporting on record highs, record highs, benchmark averages day after day. you have the terms of overuse of and consolidation. perhaps this is entry point. look at shares of apapproximately coming down today. they are climbing and climbing. individual it being names, momentum stocks.

day after day new records. a little bit of pull back because of investors, even mom-and-pop investors taking a step back now, washington, there are questions here. this may be a catalyst and we may need to reevaluate our allocation highs. stocks versus bonds, versus cash. david: phil, very quickly, what do they say in the midsection? is this a chance to get in or are they fearing what comes tomorrow? >> there is chance to get in. vix there is not as much panic as you think. traders will wait and see. not only donald trump. we have iranian election coming up. we have a lot of other uncertain issues this week. traders i think keep their powder dry and look for opportunity. david: very dad discussion. melissa. melissa: president trump meeting with candidates for fbi director as white house fights off new

allegations that the president asked james comey to end the investigation into former national security advisor mike flynn. our own blake burman live at the white house with the latest on this blake? reporter: melissa, replacement for jim comey, to find one, that appears to be narrowing as the president got back to the white house 45 minutes ago and white house press secretary sean spicer saying this afternoon that the president will interviewing four different candidates for that post. the list include the following andrew mccabe, current acting director. joe lieberman will be interviewing with the president, along with former governor of oklahoma, frank keating and former high-ranking official within the fbi, richard mcfeely. white house continues to push back on the story, they dispute the notion that the president in february asked former director comey to drop to the investigation into the former national security advisor michael flynn. however when asked, sean spicer

would not say if the white house has any evidence or if they have any recordings to back up their claim. president was in connecticut. giving a speech to the graduating class of the u.s. coast guard. the president continued to contend he is just getting a raw deal he says from the media. watch. >> look at the way i've been treated lately. especially by the media, no politician in history, i say this with great surety, has been treated worse or more unfairly. reporter: back to comey for a second, melissa, the senate intelligence committee asked he testify before them both behind closed doors and in public. the head of the house oversight committee jason chaffetz he wants comey to testify early as next week. melissa, if that would happen,

that would happen smack dab in the middle of president's first foreign trip. melissa: blake, thank you. growing concerns from republican lawmakers worry that the gop agenda may be at risk following a series, may be at risk following a series of controversies from the trump administration. congressman mack thornberry, chief of house armed services committee telling "the wall street journal," quote, i'm concerned that continuing political drama will drain the energy from real accomplish accomplishments. house speaker paul ryan is insisting republicans will still be a i believe to pass legislation. >> we're going to walk and chew gum at the same time. we'll keep doing our jobs. we'll keep passing our bills and keep advancing our reforms we were elected to advance while we do all the other things within our responsibility. melissa: here is republican congressman louie gohmert, a member of the house freedom caucus. sir, thank you for joining us. an hour ago i was talking with congressman duncan hunter.

it looked busy behind him. there was a lot of noise. seemed work going on despite the fact there seems to be total panic over this memo. are you twice still working on things? >> absolutely. only time a thought about comey is reporters asking questions. i just had a meeting about tax reform talking about that. two different hearings i had and none of those were about comey. speak of comey, i'm amazed fbi director, former prosecutor would be confessing to a crime it appears the way he is. he, under the law, 18 u.s. code, provision also 128 usc, anyone

who is a lawyer, that is participating in department of justice, who has someone attempt to them to obstruct justice has to be immediately reported. if this happened a couple months ago. melissa: i don't want to interrupt you. who did he need to report it to? who would he need to report it to? >> he has got to report it immediately. and i have heard no evidence that he reported that there was someone trying to obstruct justice back at the time. it sounded like he waited until it was politically expedient which would make it a time for him. melissa: we don't know for sure -- >> the amendment before he convicts himself. >> okay. let me ask you real quick, first thing he said that you were talking about before was tax reform, that put our viewers to talk about. are we going to still do that this year? >> we're got to do it this year. the economy needs it.

the american people need it. and, you know, that is more important than my constituents. melissa: yes it is. >> the other topics the media is talking about today. melissa: congressman we'll hold you to it, i wishing we had more time. come back tell us how it is going, you promise? >> you got it. melissa: thank you, sir. david: hope he is right on tax cuts. melissa: first thing he mentioned. david: absolutely. fists flying outside of turkey's empa sy in d.c. the state department is now responding. amazing video coming up. melissa: the white house fiercely denying that the president trump tried to obstruct justice. the president is meeting with candidates for fbi director. the list may surprise you. plus bret baier, host host of "special report" weighs in on all of this. david: president trump blasting the media saying no politician in history has been treated worse or more unfairly.

we'll look at the latest pile-on with media buzz host howard kurtz. >> the white house is now under siege. under this constant attack by the media. ♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future.

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melissa: worst day for stocks this year in 2017. the dow ending down 372 points. nasdaq and russell closing down more than 2% as white house controversy over the comey memo fuels concerns over getting the, getting trump agenda through. david: this is one of the things that cause ripples inside of the market, senator john mccain, speaking for dinner of international republican institute, sharing his thoughts on the controversy surrounding president trump's firing of former february by director james comey. >> i think we've seen this movie before.

i think it is reaching the point where it is of watergate size and scale and couple of other scandals that you and i have seen. david: when the ripples turned into a wave the senator went on to clarify those comments today. >> i think it is too early but i was using that as iran-contra and other, like similar situations not just watergate. iran-contra. david: joining with us his take, with all this "special report" host bret baier. good to see you, bret. when john mccain says watergate people listen. but on the other hand watergate started out with a crime. there has been no crime here yet except for leaking, very serious leaking some say is on par with treason. >> david, you're right. why you saw senator mccain walk that back, starting to feel with all the coverage that it was becoming a big event. the problem is that the coverage at some points is pretty

breathless. we don't have the, there there yet. we are expecting jim comey to testify on capitol hill, perhaps as early as next week. there is some thought he might even appear wednesday. but that hasn't been locked in by the house oversight committee. jason chaffetz. and, you don't have the actual memos as of yet. david: right. >> we have reporting of the memos. and what exactly the context was. david: yeah. >> i think you're right, a deep breath at this moment is probably pretty good. "the times" is standing by the story. they say the memo exists, or sources they have say it exists. assuming that the memo exists some democrats are saying this is proof of obstruction of justice to which the great scholar jonathan turley said on our air, as well as "the hill" newspaper, he is not a republican by the way, if this is food for obstruction of justice it is still an awfully thin soup. there are dozens of different variation of obstruction charges

from threatening witnesses to and influence jurors, none would fit this case. >> that is powerful coming from someone like jonathan turley. what we don't know, the context of these memos, how detailed they are, what was exactly said. we have our own confirmation the memo exists and that it tracks roughly with what "the new york times" quotes it as, in our own confirmation of that. but, you know, the president, the administration is pushing back hard against this, and in the interview with lesser to holt with nbc said definitely, he had never asked for the investigation to come to an end. in fact, wanted it to speed up and continue. david: bret baier, who you can see on "special report" tonight at 6:00, very important night for "special report." melissa: yeah. david: bret, thank you very much, good to see you my friend. david: melissa. melissa: gridlock in washington

delaying the administration's jam-packed agenda. we're getting peter kernen's take on it coming up. david: the president reportedly sharing israeli intel with russian leaders. what does it mean for the relationship with israel? ambassador danny ayalon is here next to weigh in on that. ♪

:

. melissa: israel still standing by the united states after president trump reportedly shared sensitive israeli intelligence with russian officials. here now is danny ayalon former israeli ambassador to the united states. sir, thank you for joining us. >> good to be with you, melissa. melissa: thank you, do you think the relationship between israel and the u.s. is at all jeopardized, impacted, harmed by what's going on? >> no, melissa, not at all. actually the united states and israel are best friends and allies, and the alliance is so strong because it's a natural one and, of course, the

strategic cooperation and within it the intelligence cooperation is very, very important aspect of this alliance but in this case, and actually it's important for it to continue in such a very intensive way, american lives, israeli lives and muslim lives are being saved because of the intelligence cooperation. although there is some concern among the intelligence community, but i'm sure that they are already talking with their colleagues in washington to first all to assess whether there was any damage done, and if it was, to minimize and contain it or eliminate it, but the main concern would be whether a source was exposed or method of cooperation and i don't think this was the case. melissa: do you think that president trump shared information that he received from israel? what are you hearing? >> well, it could very well be. of course, i'm not in a

position to confirm or deny but it is not secret the intelligence cooperation between the israel and the united states is very, very deep and wide-scoped. israel's intelligence services are probably the most robust and extensive in the middle east and one of the best even beyond that, and, of course, because of the friendship and the mutual interest, it's only natural we'll cooperate and share a lot of it with the united states as much as we get. melissa: would it be improper if he did share that with russia? >> well, i think there is a code among all intelligence communities where by any information, any intelligence that is given to one party will not be shared with other parties unless with prior approval of the one that imparted this intelligence. so if it wasn't the case right

now, i'm sure that the procedures will be reviewed again, and both countries and intelligence community will make sure it won't happen again. melissa: sir, thank you so much for coming on today. appreciate your time. >> my pleasure. david: extraordinary video of the violent protests erupting outside the turkish embassy in d.c., look at this. at least nine people injured, two arrests, including one charged with assaulting a police officer. the chaos unfolding hours after president trump met with turkish president erdogan at the white house. the state department is concerned by the incident are and speaking with the turkish authorities, it appears the guys in the dark suits were working for the erdogan government and kicking the protesters. melissa: you notice how strange that is, normally when you see video like this, they are jerk, around the camera man orwoman is following the action. it looks like a steady camera

of some type. there is something -- david: the whole thing is very bizarre. melissa: everything we're seeing here. david: on israel, the people who say what's happening inside of the white house is affecting our relations with israel. does anybody really think that israel would be happier off with the president who made sweetheart deals with iran and the muslim brotherhoodsa the previous administration did? i don't think so. melissa: that's a great point. david: straighten out this mess in turkey. we can't allow turkish security guards beating up peaceful protesters. abc's george stephanopoulos slamming the president over the memo from james comey but forgot mention his past with the fbi when he was part of the clinton administration. details you don't want to miss coming up. melissa: some democrats are already pushing for president trump's impeachment. why not all lawmakers are on board? are allergies holding you back?

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his removal. >> i rise today, mr. speaker, to call for the impeachment of the president of the united states of america, for obstruction of justice. i do this because i believe in the great ideals that this country stands for. liberty and justice for all. melissa: here now is aaron elmore former campaign spokesperson and mark shtek. how does he know there is obstruction if he hasn't seen the memo or anything. >> exactly he doesn't. democrats have been crying for impeachment since november of 2016 since president trump was elected and now throwing around impeachment and collusion and the word they should be focusing on is evidence. they have no evidence of this. they are destroying the stock market today. shame you on, democrats, i'm

going to call you drama-crats, we heard from sally yates monday, james clapper where. is the smoking gun? there isn't one. melissa: seems in all of the cases on either side, when we saw this with republicans in the last administration, you know, any time you get out ahead of yourself and start being dramatic and screaming for impeachment, you undermine your own credibility. you look so much more credible if you hang back and look through the evident. maybe it's there, by screaming impeachment now, don't understanding it undermines the case? >> look, i think there are absolute facts that need to surface, that's what democrats and many republicans have come out to call for right now, an open, independent, transparent, investigation into what's happening right now. melissa: wouldn't it be smarter than yelling impeachment. >> there is one reason you don't see every democrat jumping on the bandwagon. we're calling for facts.

james comey, fbi director comey should be allowed to testify in public. the transcript should be turned over, tapes should be out there. we should have it all on the table. no question that trump's firing of director comey is obstruction of justice. no question about that. melissa: marcy, you did what i said. the last point, if you stop before the last point, erin, i was going to say everything marcy says makes sense. we would like to see the evidence, would like to know what's going on. who is against that? we don't know it leads to obstruction, rather than undermining your point, erin, what do you think? >> the same investigations going on will be going on next week. one point marcy said is we're looking for facts. that in and of itself is a problem, digging and digging, hoping and praying they can nail the coffin shut for donald trump. melissa: what about having comey testify transparently on the record, put all the memos out in public. what if we laid the entire

thing out? are you all for that 100%? >> i don't think there's any problem with that whatsoever. i think everyone -- >> why is it not happening right now? >> if i were in washington, i would certainly advocate for that myself. i just think that both sides had competing interests whether it's self-preservation or re-election or something else they're more concerned with. i think there's a lot of competing interests. and the road to impeachment is such a long road, we're not even there, there is no obstruction of justice whatsoever. melissa: if mike pence is president, i'm not sure the left would like that better. there is that, right, david. there is indeed. tax and health care reform stuck in gridlock as the controversy continues to plague the white house. former goldman sachs partner peter kiernan joining us to weigh in. ie's list, we believe there are certain things you can count on, like what goes down doesn't always come back up. ♪

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that milwaukee county sheriff david clarke says he has taken a job as assistant secretary a the department of homeland security. david: getting slammed today, the major averages seeing biggest drops in eight months. what is driving the sell-off? joining me is former goldman sachs partner and best selling author of american mojo lost and found, peter kiernan. great to see. >> you so nice to be with you. david: i'm thinking next tuesday, the president comes out with budget, next tuesday. the president at the same time will be halfway around the world. maybe that's not such a bad thing. >> i don't think so either. brace yourself for a wish list, i think there are going to be heroic assumptions. >> like? >> revenue generation and i think the cuts are going to be much deeper and much farther reaching than people think. david: do you think the full body of the tax plan will be enunciated in the budget? >> they're going to try hard to use that as the living -- mick

mulvaney will try to make this a living, breathing beast. david: mick mulvaney of the treasury. >> trying to create a balanced budget. i'm not sure how get there. that's what he's going to try and do, no way to do it without hitting the third round. david: we know how to get a balanced budget week had a balanced budget under bill clinton and republican congress because we had years of strong growth after the reagan tax cuts. growth is the way to deal with budget deficits, right? >> no question we need a much bigger growth agenda and having the rather eneemic growth is woefully insufficient. david: meanwhile, the response from democrats opposed to economic policy, we've heard a lot of opposition to his political policy but elizabeth warren just came out with a statement saying corporate tax rates are too high. now, the corporate tax rate in the united states is the highest in the developed world. that's the alternative.

that's their alternative for growing the economy. >> i would say having written a competing book on the middle class, her plan is exactly wrong for building the middle class, you do not want to lead the world in tax rates. that's not a chart you want to dominate. if you create higher taxes, who is going to pay that freight? it's not going to be the corporations, the spenders, people buying things, the middle class. david: it's always what happens, but what about the american people are? they going to turn their dislike of what's going on inside the beltway for whatever reason into possibly a turn towards the elizabeth warren -- i think they know, i think the american people know we've tried this and it hasn't worked. we've raised tax rates under obama. we've had practically zero growth, we don't need to raise them more. >> i was around when the tax reform act of 1986 was put in place. working on wall street. that's when the tax rate was created. since that time, our economy

has more than doubled. sad to say our government spending has way more than doubled. everything about how we are as an economy has changed. think about the digitization, what that means for ability to export not only jobs but information and money, all the things have changed and tax laws are stuck in another era. it's like a long play record. they're way, way, out of date. david: if you only have time to read one book, make it peter kiernan's book, american mojo lost and found, wish you the best. melissa: no, no, david. if you read one book, it's lessons from the prairie. david: give it to melissa. two books, one economic and one preschool book. melissa: slamming the mainstream media for unfair treatment. why critics say the media war is just beginning.

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call for a free quote today. liberty stands with you™ liberty mutual insurance. . david: little update on news we brought you earlier about a familiar face. david clarke taken a position at the department of homeland security. the department says no announcement has been made yet, so stay tuned. >> think about what the mainstream media is projected here, that i would almost say this is weaponized information. the white house is under siege, it's under the constant attack by the media. melissa: the media slamming president trump after reports that the president asked former fbi director james comey tend to the investigation of michael flynn. here now is howard kurtz, "mediabuzz" host and fox news media analyst. howie, can i ask you about the

news we're hearing that the president is going to have lunch with network anchors tomorrow? have you heard that? what's the deal with that? >> i can independently confirm that. that lunch was planned days ago, off the record gathering, similar to the one he held on the day of speech to congress which presidents have traditionally done. i thought maybe it would be canceled because since the lunch was set up and the invitations went out. we've had the bombshell story, the one you referenced and the one with russian officials and whether classified information was leaked. they appear to be going through it. the idea was to promo and preview the president's foreign trip. i have a feeling other subjects might come up. melissa: seems like -- the attacks, it was working for trump originally, i would say, because he positioned himself as against the mainstream media. clever in one way, it reinforces the idea he's outside the beltway guy, fighting the forces and gives convenient way if somebody reports something negative

about him to say well, they're after me. now backfiring and out of control that there's this constant hysteria and back and forth between the two. what do you think about my assessment, and what do you think he should do? >> i agree with your assessment. it's out of control on both sides. two stories are legitimate stories reported by very good news organizations and the -- we shouldn't rush to judgment, we don't have all the facts. comey just a memo leaked by associates, but while the president has intensified the whole fake news mantra against the press which is not popular. at the same time, in response to the two stories, i have seen anchors and commentators ask every guest about should there be impeachment? talk about removing the president in the 25th amendment. seems like the rhetoric has gone nuclear on both sides. melissa: is there a way to turn it around? >> i thought for a couple of months finally, maybe -- the

president did a lot of interviews during the 100-day period with the same mainstream media organizations he likes to bash. lower the temperature. given the stories and the comey investigation and churning on capitol hill, i don't see a lowering of the temperature any time soon. melissa: all right, howard kurtz, thank you so much, watch "mediabuzz" on fox on sundays. we never miss it. david: love that show. keeping on the media, this morning, abc's george stephanopoulos got on his own high horse about president trump's alleged interference with fbi investigation, but what the political operative turned journalist did not mention is in 1993 working in the clinton white house, mr. stephanopoulos reportedly himself attempted to interfere in an fbi investigation into the white house about that incident. a liberal columnist who wrote in 1996, the fbi is not the president's personal instrument and there is peril in trying to

use it as such. mr. stephanopoulos apparently doesn't realize those words were meant for him. melissa: i love that. good for you. we'll be right back.

. melissa: a doozy of a day for stocks, the worst day of the year so far. dow ending down 372 points. the major averages dropping the most in eight months. the s&p and nasdaq falling from record highs. go ahead. david: watch our show tomorrow. president trump will be holding a live press conference. you know, say what you will about this president, he's got juan manuel santos from colombia in south america, he doesn't sleep. he works his butt off. you may not like the work he's doing but really works hard. let's hope he works harder to cut the taxes. melissa: we'll have the press conference at this time tomorrow, you don't want to miss that, you know they're

going to come for him and he doesn't back off when that happens. david: if you have on the clicker the chance to turn it to fbn between 4:00 and 5:00. melissa: buy "lessons from the prairie" while you're at it. liz: she's a good sales woman. animal spirits of the trump agenda. dow dropping a whopping 372 points on heavy volume. market turmoil due to chaos in washington, d.c. stocks and the u.s. dollar taking hits. the dow, s&p and nasdaq having the biggest drop in eight months off the record highs. this as a group of republicans join the democrats' furious calls for impeachment after reports that the ousted fbi director james comey wrote a memo noting the president asked him to end an investigation, former trump national security adviser michael flynn who resigned the previous day. fox news independently confirmed that memo.