that is part of the story. the bug on bottom of the screen is other part of it. [closing bell rings] in times square they clap for anything. there they go. closing it up. connell: i'm connell mcshane, have a great weekend. david asman and melissa francis pick it up for here, for "after the bell." david: connell put his finger on it. very strange day. record on one side and real down day for the other. major pullback tore tech stocks. dow closing at new record high. nasdaq having awful luck. terrible triple-digit plunge. will it spread is on everybody's minds. i'm david asman. melissa: i'm melissa francis. this is "after the bell." president trump's first face-to-face with the press since james comey testimony. the president firing back not just at fired fbi director but the media as well.

commander-in-chief's case to the nation. political shocker in the united kingdom. theresa may's high-stakes gamble not paying off to say the least as prime minister is now scrambling to stay in power. is this election signaling an end to elitism across -- david: elitism, elitism. let's get rid of it. back to the markets. this is an incredible day. the dow hitting all-time high second day in a row ending 18th record for the year. look at nasdaq! one down off 2%. managed to close down 1.8%, just a little better than that. nicole petallides, dramatic tale of two cities here. >> what an exciting and interesting day on wall street because you really have this divergence. you had some of these financials doing great. you had record highs for the dow and nasdaq, s&p. by end of the day we saw tech selloff in big day and that weight on the market.

you mentioned the dow, closing record all-time highs. that is great news. squeezing out a gain for the week i believe. take a look at that. also the 30 if i haveth record close -- 35th record close. analysts looking at valuation of some of these names. facebook, apple, amazon down more than 3%. alphabet google down 3%. netflix down 4%. apple was up 55%. there were comments about apple's iphone in the fall, whether the chip might be slower download. apple had the worst day in sometime over a year. $25 billion was lost in market value for apple but apple closing at 148 and change. tech certainly weighed. market really held well considering we had comey, uk news. we're finishing at a record, finishing higher on the dow by88 points.

back to you. david: steve forbes. record high in the dow, nasdaq getting crushed! >> tech stocks have done extremely well. and i think it is time for a pause. doesn't mean they're all going to collapse like they did, the industry did 15 years ago, 19 -- 2,000, 2001. they had amazing rise. amazon doesn't do much for profits. people take that on faith and delivered on materials making it a big company. it all underlines, david, what we've been discussing many times, congress, the administration has got to get a big tax cut through or you will see this market reflect what happened to tech today. david: steve, i love you. always stay true to message. we'll talk more about taxes coming up. but we have to move forward. go ahead, melissa. melissa: pushing forward the president's agenda. president trump taunting, flaunting, his 1 trillion-dollar infrastructure plan at the

department of transportation earlier today. >> my new vision for american infrastructure will generate one trillion dollars in infrastructure investment. we will put new american steel into the spine of our country. american workers will construct gleaming new lanes of commerce across our landscape. they will build these monuments from coast to coast and from city to city. melissa: steve forbes is with us. the. steve, what do you think? what do you think about that plan? >> you can tell he is very enthusiastic about making this happen and getting this thing through and there is some very good ideas in terms of tapping the private sector or tapping assets of existing public sector projects to finance new projects. for example, here in new york, so-called gateway project, tunnels under the river, costs 25 billion. one idea to use tolls of the

port authority to back funding for that 25 billion. so the key thing will be in details and follow through by the transportation department and others to make these reality so you get funding not just dependent on local taxes. connell: we have katie pavlich with us from townhall.com. fox news contributor as well. there is katie. what do you think of the infrastructure plan? were you inspired or skeptical. >> i'm always pro-america but inspired by that. >> one thing underplayed here, yes we need to talk about funding for infrastructure plan. that will be a huge part of it whether it comes from the private sector or the taxpayer but one thing not being discussed is the regulation part of this. the president repeatedly, he did it today, talked about these permitting processes taking far too long for people to build the new roads and bridges.

that is why we've seen the delay in things being done. remember when we saw the obama stimulus package which was supposed to go into play and build all the new things. first of all only on federal level really even though some of that money was doled out to the states. two, there was no regulation reform in getting projects on the ground an actually started. shovel-ready aspect is in donald trump's infrastructure plan. wasn't with the obama infrastructure plan. melissa: he is tremendous show man, he had the huge books and all the binders and rules and regulations and how hard it would be to get permits going. he was throwing them around physically, making the point, with the permitting process way it is, nobody knows better than somebody trying to build a building, could we do something like the go-aheaden gate bridge? steve forbes, it was a great way to illustrate when he brought the binders out but it is true so many things in this country would take 10 times as long because of ridiculous permitting process?

>> starts with public awareness of it. there is legislation in congress to streamline the regulatory process. the federal government with money, that is baked to the states. if you don't streamline you won't get your money. those who do it quickly, by golly there is boy nance is a for you. that speaks loudly far more than words. david: whether infrastructure or tax cuts he still has to find a way around the obstructionists. >> if we had the best plan in the history of the world, we wouldn't get one democrat vote. just remember that. f we had a plan that gave you the greatest health care ever in history, you wouldn't get one democratic vote because they're obstructionists. david: how about this? reconciliation bill that weaves tax cuts into the new health care changes. that could be on the president's agenda. steve, this is a brilliant idea. it is just being hatched now,

still in the beginning stages, they say look, the supreme court opened the door to calling health care some kind of tax because of john roberts calling the penalty a tax. so since they have done that, take advantage of that, okay, with the health care changes we're going to put tax stuff in there because health care is about tax. >> yes. it is a great way starting with the senate to get two bills done for the price of one in effect and not having to worry about end of the year having nothing to show for it. the senate is apparently making progress on the health care bill. they're determined to get something done in the next few weeks. if the house can move on taxes, i think they do could it before the august recess f they don't, i think you will see the move to cancel the august recess, get the two bills combined through, so they get the economy moving, go home and say, here we've done something big and positive. david: katie, we have a president who is an entrepreneur. that is a wonderful thing. he thinks out of the box but the people inside the beltway think

so in the box. they're so married to the process, to this parliamentary process which gets stuff stuck. that is what the swamp is. that is the mechanism of the swamp. the president wants to break out with new way of dealing with tax cuts. will he do it? >> well here's the thing i agree the swamp causes all kinds of problems i think it is important for congress to be involved in big kinds of projects. i think the country was set is up in a way, when legislation reached the president's desk was to be thoroughly debated, good legislation, but not just legislation just passed. david: it doesn't do anybody any good if it goes nowhere. >> that is true. david: this is way to get around the process. >> that is true. we'll see what happens when it comes to combining the two. democrats don't have a leg to stand on when they argue health care has nothing to do with taxes because they married, they did it, they married obamacare to be part of your tax return f they want to argue they're

unrelated that will not hold water. david: melissa. melissa: total and complete vindication. president trump slamming former fbi director just moments ago alleging some of the things comey said quote, just weren't true, during his testimony before congress. our own blake burman is standing by at the white house with details. gosh, blake, i thought this fight was over. you mean it is not over? reporter: still a whole lot of questions here, melissa, apparently. one has to deal with recorded conversations, whether or not they exist or not, between president trump and jim comey. as you know earlier this year the president suggested in a tweet he might indeed have recorded conversations between the two. he was pressed about that at this press conference in the rose garden a little while ago, alongside the romanian president. he left us with this cliffhanger. >> i'm not hinting anything. i will tell you about it over a very short period of time. >> what is that? >> okay? okay, do you have a question here? >> when will you tell us about --

>> fairly short period of time. >> tomorrow, now? are there tapes, sir? >> you're going to be very disappointed when you hear the answer, don't worry. reporter: president also said he felt vindicated by jim comey's testimony. he said that in a tweet. at the press conference the president continued to dispute two bigger issues, whether or not he asked for loyalty pledge from jim comey, whether he asked the investigation into michael flynn be dropped. that led to line of questioning turning to the president being this, would you go under oath to say as much? president trump said, he would. >> would you be willing to speak under oath to give your version of -- >> 100%. and i didn't say under oath. i hardly know the man, i'm not going to say i want to you pledge allegiance. who would do that? who would ask a man to pledge allegiance under oaths. >> if robert mueller wanted to speak with you about that. >> i would be glad to tell him what i actually told you.

reporter: he rerate ited this whole narrative is excuse by the democrats for losing election. as you might be hearing behind me the president is off for the weekend to new jersey. back to you. melissa: when he gets the whole group frothing at mouth, jelling over each other begging for an answer, it is really something. blake, thank you for hanging in there. you're a good guy. david: we appreciate it. david: like a feeding frenzy minnows, little minnows. melissa: yeah. david: katie, steve, back with us, steve, i got to ask you think there is a tape? >> i hope not f there is more than one, it will be like the nixon tapes and demand more and more tapes. demand more and more papers. melissa: that's a great point. >> get into executive privilege. can't stop the thing. not just one piece. will be all or nothing. david: on the other hand, katie, there is a specific point of contention between what comey says, what the president said about what they said earlier in their private meetings.

comey one thing he said the president liked, if there are tapes, play them. i don't care. he gave the president permission, to come out with tapes. >> first of all i think that the white house press corps is more like piranhas, rather than minnows. we won't get into sharks yet. but in terms of he said, he said, that goes on, unless there is tape to prove what the president said, james comey said, this story will move on as to who to believe. when it comes to the media, majority of people when you poll them they believe the president over what the media says. we'll see what happens to what comey says. but the tapes could actually clear up a lot if they do exist. david: by the way just for the record, i said minnows, like feeding frenzy of minnows. >> piranha. david: i don't think their teeth are sharp enough for per ran gnaw. who knows. melissa: timeline for tax reform, u.s. treasury secretary steve mnuchin taking a trip up north, meeting with his

counterpart from canada earlier this afternoon. >> we're committed to get tax reform done this year. our focus, about creating economic growth in the u.s. economic growth in the u.s. is also good for canada and rest of the world. as we've said before, three components of economic growth are tax reform, regulatory relief, and trade. melissa: steve what do you think about that? i was crying when he laid out those three things. it is like a religion. >> yes. well, i'm glad the tax thing is right up there and i think the key thing will be the white house following mnuchin's suggestion of going whole hog on a tax bill, putting pressure on congress that this has to be done. and if they do that then i think the senate knowing that they have got to get something done could combine those two bills and, boy, i tell you, markets and everyone else would heave a real sigh of relief if they got the two biggies off the table before labor day. melissa: amen. thanks to both of you. david: don't forget, catch steve

forbes and me this weekend for "forbes on fox," saturday, 11:00 a.m. eastern on fox news. sunday, 7:00 a.m. eastern right here on fbn. melissa's kids all watch it. melissa: yes, especially when you're live. david: we love it. we have breaking news. live look at air force one. it is marine one, is it not? no, air force one. president is making his way to new jersey. i wasn't sure whether the helicopter would go that far. probably in your backyard, steve. melissa: james comey's bombshell announcement. president trump's legal team doubling down order aring an investigation into the fired fbi direct director. preparing to take action. coming up jordan sekulow, american center for law and justice, danny coulson, former fbi assistant director weigh in on next steps for the white house and if comey's testimony hurt the reputation of the fbi. david: hash reality. prosecutors claim the alleged

nsa leaker may have had far bigger and more dangerous plans in mind. why they're considering her a flight risk. melissa: plus the blockade of qatar. a new warning for the u.s., that the mid-east rift is hindering military operations in the fight against isis. >> they have blood on their hands. of this blood on their hands. why is qatar the only country in the world that no incident of terror, terrorism happened there? why? horseheadswivellychair.com

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call for a free quote today. liberty stands with you™. liberty mutual insurance. david: striking back at james comey and his quote, lies, the former fbi director under fire revealing he leaked a memo about president trump to the press. fox news ace catherine herridge

live with the latest t was a bombshell, catherine, particularly the way he did it, particularly to a newspaper by his own admission, by james comey's own admission came out with a lot of stories that were untrue and were leaking national security. reporter: david, it is really interesting scenario. we folk with a former justice department official who told causesification is not the issue with the leak. the question whether the records were authorized for release. fbi director is of course in a unique position because he is the senior executive but we were told there is still may be a kind of technical violation. >> he is employed as fbi director when he took the notes. pretty clearly the fbi's notes, even though he took them. so he can't treat them as his personal property. so probably is, if he signed a standard non-disclosure kind of form or is bound by i imagine regs covering that as well, i think there probably could be a violation there. reporter: drawing our attention to this fbi employment agreement

bars disclosure of records and raw information regardless of classification, that are acquired during the regular course of their day-to-day activity as agents or senior executives. reads in part violation of this employment agreement may constitute cause for revocation of my security clearance, subject me to criminal sanction, disciplinary action by the fbi, including dismissal, and percent thatliability in a civil action. former senior fbi executive, every agent, including senior management are required to sign this form but driscoll pointed out in this case, highly unlikely, any reasonable prosecutor would bring this case because of the public's need to know. david: what a strange times we live in, catherine. thank you very much. >> you're welcome. david: melissa. melissa: here to react, jordan sekulow, american center for law and justice director. breaking news, because you're

the perfect person to react to this. this is coming out of the house permanent select committee on intelligence russia investigation and they're saying that they are requesting any notes that former federal bureau of investigation director james comey had or memoranda in his possession memorialized discussions comey had with president trump. second, they wrote in their letter. they would like from the white house counsel requesting that they inform the committee whether any white house recordings or memoranda of comey's conversation with president trump now exists or have existed in the past. in other words, if there are tapes, they want them. if there's more comey memos, they want the exact memo, not his opening statement. what do you think about that? >> well so far i think, melissa, none of these congressional committees have gotten the memos. they have been either tied up, i think the special counsel has them.

jim comey gave them to that columbia university professor outside of government, but so far no committees have the memos. that is part one. they can request more memos. i don't they if they will get them, that has to be negotiation between special counsel -- remember a lot of democrats called for the special counsel. when one is actually appointed you can he question now some issues there. but when one is appointed they have kind of got the authority. they take the lead on these investigations. on the second issue of the tapes that is why president trump said that. melissa: wait a second, they don't have the teeth to demand the tapes and the memos, the committee itself, they can't demand them? >> the response could be from a special counsel, for me to conduct my investigation, i need to keep these, you can come in and review them. how we saw that through some of these classified documents, national security documents. you can review them but not take them with you. you can't make them public right now. this is issue. you've got necessary conflict when you have congressional

committees, who have no prosecutorial authority. so all they can do at end of the day refer to the department of justice if they believe there was wrongdoing. not to say in the normal course they don't have authority to ask for it but there is more response here which-- melissa: yeah. go ahead. >> second issue -- melissa: what do you think about catherine herridge's report the idea that he signed this employment agreement and it said you can't leave with work product, you can't share that, anything you did in the course of business? he clearly violated this but again it kind of goes to the same sort of question, so what? so you violated your employment agreement. what is root -- recourse. >> not so much the employment agreement, so much the administrative penalties which wouldn't matter so much for fired fbi agent. it says you could be subject to criminal liability. it doesn't say what, because there are so many criminal laws. we have been doing a lot of research, 18 usc, part of the

u.s. code, 641. any document or record taken by the federal government used for your own private use, from the government is a crime in and of itself. doesn't have to be classified. doesn't have to have tangible value. could be intangible value. any records, that key will be, we believe it's a record of the fbi -- melissa: that's for sure. >> where you could prosecute. there obviously needs to be an investigation. fair to say jim comey is a leaker. so it should be investigated. melissa: we want to tell people what you're seeing right there, that is president trump. he is departing right now from joint base andrews. he is heading to new jersey for the weekend. you can see him going up the stairs there. we wanted to tell you what you're looking at. jordan, do you think anyone will follow through on any of these issues that we've brought up? >> so i think that, to answer your question on the tapes, that will be an issue, president trump said we'll find out soon. that may have been because of

that letter. again i think we will get that answer soon. i take him at his word on that. reporters will be disappointed. who knows. melissa: okay. >> do whichever get to it? i think we will get to truth. melissa: i have to go. >> a lot of individuals -- melissa: sorry we have to cut you off. we got to go. thank you so much.

melissa: all right. we have some breaking news right now. the judiciary committee is now requesting that james comey's friend, this is the guy we heard about yesterday, daniel richmond, that he provides memos on conversations with president trump after comey revealed he shared the memo with richmond in order to leak to the press. this is just getting more complicated by the minute. >> time to come together as a country and channel our energies towards a successful "brexit" deal that works for everyone in this country. securing a new partnership with the eu which guaranties our long term prosperity. that is what people voted for

last june. that is what we will deliver. now let's get to work. david: well they didn't vote for her yesterday, at least not as many as she thought. british prime minister theresa may clobbered by british voters, tired of deadly terror attacks and an economy which seems stuck in the mud. president trump responding to the results earlier by telling reporters it was, quote, surprising. the president did speak to the prime minister recaller today on the phone. joining us now, former member of united kingdom parliament john brown. nice to see you. a lot of pundits are saying this, too much, she is still the prime minister for the moment, but really they were clobbered, her getting clobbered is of a part of what we're seeing all over the world, that is rejection of the establishment which she so represented? >> yes it is. of course she miss reid it going to the polls.

it was not anti-eu establishment but anti-british establishment. it will make negotiations considerably more difficult and tough. of course her majority, even if the unionists, and they're right-wing of her, overall majority is very small. so it will be a very difficult an trying time for her. david: now she was of course, with the establishment against "brexit" until she realized was untakennable position to take within the conservative party but now she is for "brexit." you wonder where her loyalties lie there, don't you? >> this is my personal view. actually she was probably for "brexit" but was under remain prime minister in cameron and a government that was remain. so she very tack fully voted to stay in her office with the job in home secretary but she was probably secretly "brexit" and

has been very, very full of integrity in fighting the "brexit" cause ever since. david: her opponent, we should say jeremy corbyn a labour party member, not at all like tony blair who was middle of the road. jeremy corbyn is far left, some people call him a communist. he does have extremist views on the economy, i don't think it was so much the brits want to go there. he represents such an anti-establishment figure that that was more in his favor than his actual economic policies, no? >> i totally agree, and he is far to the left of even bernie sanders, very far left. he is in league with terrorists. he won't condemn them, all these sort of things. he very cleverly offer free education to the youth. the youth was heavily indoctrinated by european union and there was a vote against may. david: john, we have to wrap it, but is it fair to say even

though she may not be prime minister much longer, but it will probably be someone from the conservative party? they're very good kicking people they don't like out, they have done it in the past, even though she won't be prime minister it certainly won't be jeremy corbyn in the future. >> no i think the conservatives will keep her. she will re-establish order in the party through her whipping system. she will see through the negotiations of "brexit" within the next two years. maybe her place in history. then i think she will resign after 2 1/2 years, hand over to another leader who will then have three years to bed in and win the next election. meanwhile the economy in the short term will do well because sterling will be weaker and medium term will be volatile because of negotiations. long-term better, free enterprise, free of the european burden and free to make

relationships with oldest allies , america, australia and new zealand. david: there you go, ladies and gentlemen. that is what will happen. thank you. >> thank you. melissa: accused nsa leaker real al at this winner will remain in jail suggests that she planned to release more documents and she wrote one time, she wanted to burn the white house down, she has a security clearance and find somewhere in kurdistan to live, prompting prosecutors to think she might be a flight risk. david: do you think? fallout from james comey's hearing continues. how his testimony may have affected the long-term reputation of the fbi. you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™,

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melissa: so a very, very wild friday on wall street. nasdaq hit all-time high at open but tumbling into the red as the day went on, stumbling to the steepest selloff in three weeks but despite the tech bloodbath the dow managed to end the day with another record close, the 18th of the year. quite a day. david: if you want to know what happened with the hearing look at the market. others blasting, others praising jim comey following his shocking testimony. "wall street journal" wrote in editorial, his thursday testimony made clear how much he has damaged the country. here is danny coulson, former february by deputy assistant

director. good to see you. do you think he damaged the country? >> i think he damaged himself. he certainly didn't damage the fbi. remember we have had a lot of directors be fired. william sessions was fired. l patrick gray was fired and fbi keeps chugging along doing its job. i think it's a shame james comey never took off the department of justice hat and put on fbi hat. he was not strong enough advocate for them. he acquiesced not having a grand jury to investigate hillary clinton. he went along with the terminology they laid on him. i, fbi is not hurt, the country, no we're fine. david: you used word strong, danny, used word strong, several times he talked about how weak he was. he was asked by a democrat by the way, dianne feinstein, why didn't you stand up to the president? why didn't you ask the attorney general to come back in when president asked you for a private meeting? he said, gee, maybe i should have but i guess i wasn't strong.

he has a problem. that was his problem. that wasn't the president's problem. >> it is not the fbi's problem. i know james comey. i met with him last four months. he is six foot, whatever, 10, nine, guy, has weight of fbi behind him and didn't have courage to say this is not right. he couldn't have courage to do that. david: we talked about the british election and robert wray on, former independent counsel. robert is smaller than i am. he had to stand up to president clinton several times, he told him, you can't do this, you can't do that. it happened before. let me ask you about the leaking because that now has taken on a life of its own. does it bother you particularly that he leaked toking information to "the new york times" which he said came out with erroneous information. >> he would have fired me if i did that.

it was totally inappropriate. he is supposed to have courage even though is he is the ex-director. that was the wrong thing to do. game about seagulls on the beach, that was just silly. the information didn't change. whether or not he did it publicly or did it through a leak, it is the same. they will come after you. david: leaking is a big part of this story. somebody is looking dangerous, we're getting word of this gal again, allegations at the moment, but this 25-year-old who was anti-u.s., said she would side with iran if we went to war, people like that are leaking. this is very dangerous thing because these people, if story ies are true, they are traitors. he was feeding that kind of leaking frenzy going on by leaking himself. >> i think he is giving encouragement to it. he is telling people around the world if you have classified material around want to give it out, if it is for a better cause or for your own personal cause then you can go ahead and do it. that is really wrong. david: yeah he.

>> tremendously affects his credibility. i would look anything he said to me as question, thank you. david: there will be a new fbi director. maybe we're all better off. danny, thank you. >> thank you. great day. melissa: multiple arab nations blacklisting qatar over alleged terror ties but the outcome could slow down the war against terror. a new warning from the trump administration. trade policy changes may be coming for the u.s. steel industry as the white house looks to keep america competitive on the world stage. ♪ are allergies holding you back?

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at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. melissa: keeping america competitive. the white house is close to completing a security review of the u.s. steel industry and president trump is determined to put the industry back so work. jeff flock in gary, indiana, with details on all of this. jeff in.

reporter: what that review might do, as i report to you from the u.s. steel plant behind me, you can see the smokestacks belching once again, good news, what the commerce secretary wilbur ross might do is declare that steel is a national resource that gives him to power limit foreign imports. look how much foreign imports increased past eight years or so? foreign imports up 200%. exports from us outside the u.s. but not anywhere near as much. he says he could impose tariffs on imports into the country. quotas, or, implement a quota and say if you don't meet the quota you get charged for that above and beyond. the president talked about steel today too as he talked to america. listen. >> we will put new american steel into the spine of other

our country. american workers will build monuments from coast to coast and city to city. reporter: already, melissa, the u.s. government is imposing tariffs and actions against other countries chief among them china. when you come down to it, canada is big importer to the u.s. and there are no actions to canada. that could be something to take a look at. steel stocks up across the board. u.s. steel, maybe best among them, in the past week, up about 10%. only catch, of course when you start limiting imports of cheap steel, that means the cost to end-users like folks building cars and infrastructure for steel will go up. maybe that is the price to pay for more american jobs. melissa: i was kind of waiting for you to get to that. i was thinking as we're doing this, sounds like the price of stuff is going up. i don't know if that is good. reporter: maybe that buys us some jobs.

what can we say? there is no perfect world out there i have found. melissa: that is true. jeff flock, thank you. david: particularly not in gary. the rift between arab nations and the mid-east having impact in military operations against isis. secretary of state rex tillerson saying today that the isolation of qatar in the region is a quote, hindrance in our coalition efforts against the terrorist group. tillerson calling on qatar to do more and to act quickly in the fight against terrorism. melissa: all right, a report card for the press. james comey bringing some "new york times" report in question, huh, while he was leaking to "the new york times." wait a second! tim graham, media research center director of media analysis sounds off, that is coming up next. ♪ dearthere's no other way to say this. it's over.

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melissa: no longer just reporting the news, the mainstream media becoming part of the story during james comey's hearing. the former fbi director calling some reports nonsense and die announcing a "new york times" story from earlier this year. >> so again, so the american people can understand this, that report by "the new york times" was not true, is that a fair statement? >> yeah, in the main it was not true. people talking about it, often don't really know what's going on. of the those of us who know what is going on are not talking about it. we don't call the press, say, hey, you got that thing wrong about the sensitive topic. we just have to leave it there. melissa: here is tim graham, media research center for director of media analysis. this is what is driving me bananas. he said that in one breadth. people in in the know don't tak and. but very next breath he took notes and leaked them to the

"new york times" and wherever else so he could incite an investigation and he did it through someone else, hiding his identity, so which one is it? do the people who know talk and leak or do the people who know not talk? help me out here. >> well, you're right, both sides look a little silly, which is they all have an objective here. comey had an objective which was to ruin trump. new york times has an objective which is to ruin trump. so they figure out how to do it, but yeah, you get to the point now where they end up saying somebody doesn't know what the other guy is saying. the story in the "new york times" today about comey saying that their story was inaccurate was like wandering around blindly for a whole column, saying we don't know what he is he is talking about. every other anonymous source we ever used says it is solid. call him up! what you're readers want, what the american public deserves is for you to actually get the

story right, not just to say the object of it of our story is ruin trump an accuracy comes down the list five or six. melissa: also justification. he said he can't call them up and tell them that the story is wrong and correct the record, because that is not the right thing to do but then at the same time, he can leak a memo to them to incite an investigation. you know he they said why didn't you just call for an an investigation. if you wanted memos out because you thought something was wrong, rather than leaking them through someone else at "the new york times," why not raise a hand, make a phone call, i have these notes, you guys should look into it? why not be straightforward about it? why was it necessary for him to hide what he was doing and hide his identity? >> this is the way that the senior officials of the u.s. government, current and former wage war and "new york times" and "washington post" and cnn, every other anti-trump media outlet is perfectly willing to

accept all these conditions all these games, all this i'm going to send it through my law professor buddy gamesmanship. nobody has to be honest. nobody has to be transparent. because politics is the only objective! melissa: so i would say that probably you know, i don't think it's a left or right thing. i think probably everybody is guilty on every side, but when you get something, the price of printing something that is somebody else's vendetta, isn't vetted, using anonymous source, you go out there say sources told me this, people follow it, ends up not being true, your credibility is supposed to be shot. that is what the price is. when i was reporter, covering oil beat, people feed me things, hoping to influence price of oil you knew it was your credibility on the line if you fell victim to shenanigans. so isn't that the problem with the "new york times" and everybody else? what is the punishment, cnn comey would step out there and

say trump did not ever, that he didn't tell trump that he was not the target of an investigation, your credibility is supposed to be gone. does that exist any longer? >> no. i mean, it does. this is what we're trying to do at news busters. what a lot of people in conservative media are doing in the era of trump, they're shameless. they don't have any standards of behavior and they should be judged whether their stories are accurate. melissa: we'll see. thanks for coming on. we appreciate your time. we have to break here. david: stick around for this. ultimate work day distraction. if your workers were mia, you weren't only one. how much the comey hearings cost companies. yes, we totaled it all up. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships

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>> former fbi director james comey much anticipated hearing drew blockbuster audiences but during the workday? >> how much did that distraction cost the nation's productivity.

we've added it all up, $3.3 billion. [laughter] >> give a little credit to cbs news who also calculated this by adding up the work hours lost, lot of work hours lost, hopefully the end of it. >> have a wonderful weekend. >> great weekend. >> "risk & reward" starts right now. ♪. >> director comey, did the president at any time ask you to stop the fbi investigation into russian involvement in the 2016 u.s. elections? >> not to my understanding, no. >> did any individual working for this administration, including the justice department, ask you to stop the russia investigation? >> no. >> did it slow down your investigation or any investigation that may or may not be occurring with michael flynn? >> no. >> would closing out the flynn investigation have impeded the overall russian investigation. >> no. i understand i can be fired by any president for any reason or