bad news, they end in euphoria. buying opportunity, yes or no? here comes the bell? [closing bell rings] >> jeff saut said technicals start off like this second half of the year is pretty well. liz: sean o'hara. there is the closing bell. david, melissa it is a volatile day. >> dow ending in the read for the second straight day. it is down 154 points as fears go over the threat of north korea ahead of key meetings with world leaders at the g20 summit. the s&p and nasdaq falling about 1%. russell getting hit the hardest, seeing the biggest drop since midday. i'm melissa francis. what a day. david: it's a big day. i'm david asman, this is "after the bell." glad you could join us. more on the big market movers. here is look what else we'll cover in busy hour worldwide. massive protests in hamburg,

germany ahead of the g20 summit. police firing water cannons with other lesh measures to gain control of pretty rowdy crowds. president trump and world leaders arriving on growing threat of north korea, world trade. situation in syria. the tomorrow the president will have the first face-to-face visit with vladmir putin. we will be following all of these protests bringing you developments throughout the hour. melissa: back to the markets. dow sinking for the second day driven lower by shares of general look trick, intel, and merck. nicole petallides on floor of new york stock exchange. talk to me about the selloff. >> general electric with the lowest close since october of 2015. we're seeing pressure across the board. president trump with tough talk with north korea really spooked markets. adp jobs report, private payroll, stocks are down.

dow is down 156 points. nasdaq down four of last five days. it is down 1%. russell you mentioned earlier, big selloff there, in fact seeing falling the most since may 17th to be precise on the russell. taking a look at the vix, that is fear index, that fear gauge. that spiked up. in fact for highest close since mid-may. we're seeing that higher by about 13 1/2%. tesla, a name that really grabs wall street attention, great performer, big winner, you know what? today down 5 1/2%, its worst weekly performance since september, hovering near bear market levels. needs to close below that, 20% below its all-time high of 383. that would not be bear market territory officially. officially it may feel like it to some. down about 18 bucks. back to you. melissa: nicole, thank you so

much. david: protests grow up ahead of the g20 meeting in germany, turning violent as geopolitical concerns and downturn in tech weighing on the markets. let's bring in today's panel. scott martin, kingsview asset management, fox news contributor and dan mitchell from the cato institute. scott, what is it? something spooked market. some people say the central bank, g20, what do you think? >> all of the above, david. non-farm payrolls number. we have a string here relatively week data. david, the market coming into this year, certainly as we get into the spring and summer expect economic data to pick up. north korea starts to pipe up. we have a little dissension at g20. mix that together with what i'm hearing will be a weak jobs number tomorrow, you have a reason for stocks to take a pause here. david: dan, our economy is slower now.

what i'm grad not over in germany is the economic team. as far as i can tell, steve mnuchin, dan cohn, rest of them are on fully on board with tax cuts. that is what we need to get the economy being canning, right? >> no question, tax reform, whatever you wan to call it tax cuts, would help the economy. republicans can't figure out who is on first, what to do. they have the border adjustment tax in the house. they have the white house not really sure what they want to do. the senate of course is doing nothing which is their usual pattern. i think a lot of people are getting very worried, wait these guys are not serious controlling burden of government spending. david: that is the theme of the hour. we'll talk about that throughout the hour. melissa. melissa: very interesting. president trump taking the time to focus on the economy during a visit to poland earlier today. >> the stock market is at an all-time high. we picked up in market value almost $4 trillion since

november 8th, which was the election. $4 trillion. that is a lot of money. personally i picked up nothing, that is all right. everyone else is getting rich. that's okay. i'm very happy. melissa: [laughter]. although, dan, you can tell it sort of sticks in his craw. i'm not totally convinced he is really happy is is is not in the market. it does hurt you when you see other peoples portfolio going up and you're not in it. what do you think? >> i suspect donald trump is probably doing okay, for no other reason lobbyists in washington want to stay at his hotel to curry favor. melissa: that is true. that is a great point. scott, what do you think? >> hilarious comment i think. we catch up to what donald trump's riches are. look at markets and economy built up on the hope and prop miss. i don't want to involve my relationships in past but i will. a lot of things i did wrong based on hopes and promises that is what this market binges on. if those fall short as dan

mentioned in opening comments that is terrible for stocks. melissa: that might be more than we needed to know about scott. david: wild card in 85 billion-dollar megamedia merger. white house discussing possibility of using time warner at&t merger as potential point of leverage over cnn this according to report in the "new york times." also the "new york post" is reporting on this. dan, regulators allowing their personal prejudices to get in the way of mergers? that has never happened before, has it? >> it happens all the time. this is one of the reasons why, call me a crank sy libertarian i don't like antitrust laws, particularly because politicians and regulators and bureaucrats will use those laws to rewarded their friends, punish their enemies, raise campaign contributions, get the government out of the business of business. just have an open entry for all competitors. that is with will protect consumers. david: that sounds good to me. melissa. melissa: doubling down free cash

for everyone, oh. facebook ceo mark zuckerberg again praising universal basic income during his trip to alaska. i mean, come on. a state that pools oil revenues in order to out cash to residents. zuckerberg writing quote, it comes from conservative principles of smaller government rather than progressive principles of larger, safety nets. this shows basic income is a bipartisan idea. david: what? melissa: scott, i mean. they have lost their minds. >> depends, all those billions i guess he has, melissa gone to his head. he is welcome to share those with everybody he wants in alaska. here's the thing. basic income scares me for a lot of reasons. takes away incentivizing out there for small business, capital is lick society, creates dependency and need. governments love this, because it creates dependency, therefore control. that is what he is after here. that is what governments are after with all the welfare programs.

that is where it gets scary. melissa: dan, once again proves my favorite point, that the left and the democrats is the party of super wealthy elite. people just like him. he is pushing these extreme progressive democrat agenda. he is a billionaire. the party -- nancy pelosi, what do you think? >> well, i agree with what was just said. let him give away his own money before he gives away others. instead of going to alaska i wish he would have gone to switzerland, voters by 78-22 voted against basic income, the swiss, unlike zuckerberg are sensible. melissa: maybe he should finish college. he could do that too. thanks, guys. >> thank you. david: making your first billion before you're 30 has consequences. is it softens the mind what the real world is really like that. is part of it. melissa: democrats party of the 1%, billionaire's party. david: nancy pelosi. rest of them. cracking down on illegal immigrants. texas attorney general ken paxton threatening to sue the

white house on behalf of 10 states, if more action isn't taken. he will join us later in the hour to explain. melissa: president trump covering a lot of ground with world leaders today can after making a powerful speech in poland. david: the president is now in germany, ahead of the g20 summit. the protests begun and they are growing as clashing with the police is getting violent. we'll take you there live. plus sebastian gorka, deputy assistant to president trump what is being discussed behind closed doors when it comes to deal with russia and north korea >> president duda and i call on all nations to confront this global threat and publicly demonstrate to north korea that there are consequences for their very, very bad behavior.

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melissa: violent clarks with police as anti-capitalists protesters engulfed the streets of hamburg, germany. here making debut as fox news contributor on the fox business network jason chaffetz, former congressman from utah, former house oversight committee chairman. congressman, what do you make of this gathering and violence and destruction we're seeing? >> you see it every time world leaders get together. i don't make too much of it. german officials know how to control it and squash it down. hey, people have the right to protest. you just don't want to see it turn violent. melissa: they do, but at the same time, they're destroying a ton of property. there is protesting, having your voice heard and organized groups have people go out in masks with bats and destroying property or small business owners anyone out there trying to live their lives?

>> unfortunately you have people out there that don't like capitalism. they don't like the fact that there are markets out there. they see the world a very different place, often times you see those preaching most tolerance as ones are the least tolerant. they tend to be the most violent. ben, i think authorities are on top of this. i feel for cities. regular joe to has to store and a shop and a place. then you got those hooligans come along say it is okay to destroy property. it is sad that way. melissa: all happening ahead of a key meeting between president trump and vladmir putin tomorrow. earlier today the president calling out former president obama for knowing about russian meddling in the u.s. elections and not doing anything about it. >> he did nothing about it. the reason is he thought hillary was going to win, and if he thought i was going to win he would have done plenty bit. that is the real question why did he do nothing from august all the way to november 8th?

why did he do nothing? his people said he choked. i don't think he choked. melissa: so congressman, this is, you know, based on a story about his folks within the administration saying this, saying they choked, they should have stepped up and done something. what do you think? >> well i think president trump actually has a very legitimate question. remember it was homeland security secretary who testified, i think it was trey gowdy questioning him saying why, why didn't you do something? the basic answer was, well democrats, debbie wasserman schultz and the like would not allow them to get involved and engaged. i do think, it is just a guess, that the underlying premise here was hillary clinton was on a glide path to become the president. didn't want any disruption. when you have meddling, potential meddling into an election in the system, they got to do something about it. not say, hey, nothing is happening here. melissa: not only did they not do anything, they didn't say anything.

it wasn't until after president trump was elected and president obama was leaving office he started to make the comments and leave sort of this bread trail. he kept saying watch russia. we'll talk about russia. russia was involved here. if you look back in retrospect the at his comments, he was drooping all the huge -- dropping all these huge hints. he could have said exactly what happened. >> he left a doubt and tried to delegitimatize president trump's victory. clearly, now president trump, when he was a candidate he dominated. he won 30 out of 50 states. he was even president obama who went before the world and cameras, even if you want to meddle with these elections you couldn't do it. it begs the question, what did the president know, when did know it, and why did he leave little hints afterwards there was russian involvement? melissa: what do you think the idea of president trump confronting vladmir putin bit as

they meet next couple days and meet tomorrow? does it make sense? he already denied it. it would be a short conversation. no i didn't do that. where do you go from here? >> north korea, syria, iran. a lot of issues, russian aggression in crimea. vocalizing our support for poland, those in eastern europe are really tier one eschews. i do think a lot of people on both sides of the aisle want to see president trump at some point really make a strong public statement to the russian president about how intolerable it is. they can not let it happen again. david: let's bring it back home, if we can, congressman. republican president and republican house and senate can't seem to find enough unity to pass anything together. is that going to change, congressman? >> it better. republicans ran on two basic premises, they would repeal and replace obamacare and other was get tax reform done. the clock is ticking.

some people said that was july 4th deadline. i thought this was an artificial deadline. going into the august recess, that has real teeth to it. i think they actually node to get one of these two out there and certainly by the end of the year turn the corner into 2018 saying we accomplished one of the two major, if not both major initiatives. david: congressman, what do you think is to blame? because unless we know what to blame, we don't know what to fix. is it the swamp? is it all lobbyists and other swamp creatures inside of the beltway have something to hang on to, don't want to change? just the fact conservatives are tougher to corral than liberals? what? >> you have nearly 300 cooks in the kitchen. you also, had a surprise, i don't know anybody thought donald trump was actually going to win. we were told from our leadership there in the house that hey, get ready, we'll front-load the january schedule because by the time the president comes into office we want to sign the health care bill.

i mean, it appears into july that obviously fell a little bit short on that, missed the timeline. still haven't been able to get some cohesiveness, enough cohesiveness to actually hit deadlines. david: i'm wondering if it is person as well? donald trump did come into office saying he would bury the establishment, that included establishment republicans? i mean people like mitch mcconnell. you wonder whether there is sort of a payback thing going on with trump here? >> no, i don't think -- i think all republicans really in the same boat. they all campaigned on it. in the house i came in same time as barack obama. david: push back a little bit, congressman, bass some people like senator portman, couple exam millions, writing in the "wall street journal" we have to cut entitlements. we can't expand medicaid anymore. medicaid expanded enormously last couple years, rob portman wants to keep it that way. they have changed. >> now it is for real.

you can almost look back at 50 plus votes or 60 votes i took in the house of representatives to repeal obamacare. now when it is for real, you can actually get the bill to the president's desk they can't even bring it up for a vote. you know, now it is for real. not just pretend talking point you want to use in a campaign ad. david: jason chaffetz. good to have you with us. >> thanks for having me. david: look forward to having you again. >> thank you. melissa: president you now in germany ahead of the g20 summit where protests and riots are growing. sebastian gorka, deputy assistant to president trump is here with his take. that is next. liberty mutual stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe?

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sits down with russian president vladmir putin for first time. sebastian gorka is assistant to president trump i joins us now. what do you expect from tomorrow's meeting? >> i can tell you what our objectives are. american leadership is being reasserted and we're sending a simple message that america first does not mean america alone. we wish to work as closely as possible with our american allies. i think you heard this morning the president's incredible speech from poland. we'll stand shoulder to shoulder with any nation that shares our values, unpoll gettic about the heritage they represent and ties that bind us, values that bind us. we're interested in the prosperity of all these nations and also most important when it comes to national security, having a common understanding of the shared threats that we all face as nato members. melissa: what do you make of the contrast in reception between what happened in poland where you could hear the crowd

cheering for president trump as opposed to what is happening at this g20 meeting? this has nothing to do with president trump. this is what we see around the edges of the g20, these massive, organized, violent riots that are there, to meet whoever is coming to try to meet and talk about commerce. at the same time i mean some of these protesters are talking about the fact that free trade, quote, unquote, free trade, doesn't benefit a lot of people in the country which is theme that the president himself has hit upon. >> yeah. i don't think these protesters are there because they agree with the trump train. these are probably left-wing utopian radical individuals who are trapped in some kind of vision of the future where the nation-state is, you know, some kind of historic artifact. i'm not here to speak for them. i'm here to represent the administration. if they wish to protest that is their right in every free nation. melissa: what do you think is the president's number one

objective when meets with vladmir putin? there is a per for him to confront putin about possible at same time there is push for major issues on his plate, from north korea. what do you think his top priority is? >> we're not interested in creating new enemies but the fact secretary tillerson said we and russia are the two most powerful nuclear states in the world and we should have better relations than we do today. there are obstacles to that. there are problems to that. recent actions by russia with regard to syria, ukraine, the fact we're pragmatists. the president would like to have better relations if possible. if that is not possible the president has said so be it. but let's give it a try. melissa: yeah. meanwhile i want to focus in on troubles with north korea. the president sitting down with leaders of south korea and japan for the northeast asia security dinner not too long ago.

the meeting coming just after the president warned of serious consequences for the north. earlier today during an address in poland. >> as far as north korea is concerned, i don't know, we'll see what happens. i don't like to talk about what i have planned but i have some pretty severe things that we're thinking about. it is a shame that they're behaving this way but they are behaving in a very, very dangerous manner. melissa: sebastian, i wonder as the president sits down with some leaders from around the world it seems like fallen on all of our shoulders in the u.s. to deal with this problem in north korea. he had hoped china would be a partner and could have been an asset. doesn't feel like it now. who else would you count on in this situation? >> well, first things first. we're going to reiterate our commitment to all our partners and allies. this is a threat to others as much as it is to us. yes, the president is

significantly disappointed with what happened after the mar-a-lago summit. we had high hopes for beijing reasserting its influence or north korea, a nation that has the greatest influence on pongyang. that doesn't seem to be the case. we are leaving all options open but again, the ball is in china's court because 80% of the economy of north korea depends china. melissa: yeah. i mean i understand, i agree with you it is a threat to everyone the same way it's a threat to us but i'm just not sure other nations see it that way. we are the ones that are targeted. the weapons are pointed out way. there is obviously also south korea. there is a question what they could do about it. the rest of the asian peninsula, seems like they're looking to us to solve this problem. china is not necessarily interested in solving the problem. where am i going wrong with that? >> i think all of those nations are concerned, even china is concerned. china doesn't want to have war on its border. having a buffer state only makes sense if that region, that

peninsula remains stable. so all these nations are concerned. the question is who is able to do something? america is the most powerful nation the world has ever seen. we remain that. we have options at our disposal most other nations don't have but right now, the diplomatic, the economic, the non-kinetic options are really in beijing's hands. but remember, we will do what needs to be done because that is the message of president donald j. trump. melissa: sebastian gorka, thanks for joining us. >> thank you. [shouting] david: well that was the sound of polish citizens welcoming president donald trump in warsaw, poland, earlier today. this however is the sound of protesters outside location of g20 summit in hamburg, germany. it we could switch to that, leaders from the world's most

powerful nations are meeting including president trump. take a listen. [shouting] blake burman is standing by in hamburg, germany. blake by the way, i read one of your e-mails which said they actually locked the doors of your hotel in order to, i guess protect people inside the hotel from those outside. angela merkel had been warned not to hold the meeting in hamburg which is where a lot of protesters were located. she did it anyway. putting quite a strain on police, right? reporter: yeah. this is the city where angela merkel was born. this is where she wanted to host the g20 summit. they were anticipating the protesters, not even g20 summit officially yet. it begins tomorrow. these protesters had planned this protest tonight they wanted to call it welcome to hell. we saw some of those signs out

here on the streets of hamburg a little while ago. you mentioned our hotel, front door still locked by the way although streets behind me you can tell most definitely calmed down from the scene it was an hour or so ago. this is a major european city though. it is believed some of these protests are still happening elsewhere. as for the politics of this all, it has been a busy day for president trump. started in poland, gave a speech you referenced, held a news conference, got her hamburg local time. after that he sat down with the german chancellor angela merkel. they had a one-on-one meeting for 10 or 15 minutes. bilateral meeting after that. no official readout from the white house what they talked about, imagine issues of trade and defense spending on west side. paris and climate accord on german side discussed during that meeting. this evening the president ended his night having a dinner with leaders of south korea and japan. north presumably at top of the agenda there.

interestingly you enough, david, chinese president not a part of those discussions but now the focus shifts to tomorrow. not only the g20 officially rung in but the meeting between president trump and vladmir putin. earlier on this day the president gave a bit of a warning or at least a bit of a prelude how tomorrow might play out as he told, said in his speech rather russia needs to be a part of community of responsible nations. here is the president earlier today. >> we urge russia to cease its destablizing activities in ukraine and elsewhere, and its support for hostile regimes including syria and iran. reporter: that meeting tomorrow between the president and vladmir putin, 3:45 local time. 9:45 on the east coast. it is scheduled to last some 30 minutes. back to you. david: don't worry about the hotel. you don't look like one of the rioters. i'm sure --

reporter: we're fine. melissa: good luck. all right. reversal on health care. why one influential group is backing a new proposal for the senate bill. next david macintosh for the club for growth explains his condition for supporting the plan to replace obamacare. david: threatening to sue the trump administration. texas attorney general ken paxton, usually in favor of washington, why he is urging white house to overturn ain controversial immigration policy. ♪ they limit where you can earn bonus cash back to a few places and those places keep changing every few months. the quicksilver card from capital one doesn't do any of that. with quicksilver you earn unlimited 1.5% cash back on every purchase, everywhere. leave complicated behind. what's in your wallet? for her compassion and care.

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melissa: breaking news. qualcomm suing apple. the chipmaker filing a complaint against the tech giant with the international trade commission after filing a separate case in federal court accusing apple infringing on six patents in the iphone and the ipad. so take that. david: they can afford it. meanwhile is ted cruz helping or hurting republican unity on health care changes? that depends what you read. "wall street journal" says ted cruz's health compromise is gaining gop traction but "the hill" says cruz's amendment is raising gop tensions. which one is it? david macintosh club for growth president. david, not unusual, that the media contradicts itself but is cruz helping or hurting the gop come together on this? >> i think senator cruz and senator lee have done

republicans a big favor with this amendment. it is a win-win proposition where folks who are worried about preexisting condition will be assured that every insurance company has to offer the complete obamacare package but once they do, they're also free to offer other specialized packages that meet people's needs and are much more affordable. david: in other words single men wouldn't have to buy maternity insurance as they do unobamacare, right? >> exactly. older folks won't need to buy pregnancy care when they are past child bearing. it's a great deal for everyone. it's a very good, tightly-written amendment, that every republican should support. david: hold on a second, this is something i got into with jason chaffetz a moment ago is the question whether some of these old rivalries in the senate and elsewhere, in this case, between senator mcconnell and ted cruz, remember ted cruz once called mcconnell a liar on the senate floor.

those guys, there is no love lost between them. so is that kind of interfering with getting together on a deal? >> you know, in this case, senator cruz has spent several months working with mcconnell and his staff on this bill. i think they have put a lot of that past them but frankly you're right, rivalries play a part of this. and they have got to grow up and get past it and get the job done. every single one of these republicans except one voted to completely repeal obamacare. they all ran on repealing obamacare. david: yeah. >> for almost a decade. it is time to get the deed done. david: what is amazing, this gets to the whole swamp creature attitude that trump has about washington and it's true. i mean, it sucks you in. i think of senator rob portman who as i mentioned before he was going on in op-eds in the "wall street journal" talking about how terrible medicaid expansion was. now he wants to keep it at the same huge level it has become. some people get stuck in this beltway mentality, they can't get out of it no they only

listen to the media here in washington. they don't go back home and listen to their voters. david: yeah. >> this amendment makes so much sense. it is easy to explain. yes we'll protect people with preexisting conditions but we're also going to make health care affordable for everybody else. david: good luck. david macintosh, great to see you. appreciate night my pleasure, good to be with you. melissa: illinois capital lockdown now lifted. hazmat teams left the building. details what caused this emergency shutdown. that's next.

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melissa: lockdown just lifted at the illinois statehouse after scary incident there. jeff flock has the latest details. jeff, what happened? reporter: someone spread white powder in the governor's office. there is also a report that there was white powder spread inside of the gallery in the house as well. so a lockdown situation that lasted for about an hour 1/2.

the building was completely shut down. hazmat team came into the governor's office. his staff was trapped inside. they were told not to leave. eventually, they determined the powder was just something other than a poison or some other substance that would have been hazardous. so the house now back in session. perhaps i take you to a live picture. david mcsweeney, a republican just spoke against the veto override. we lost sight why we're here. why we're here is for the house to perhaps override the governor's veto of a 36 billion-dollar budget with a 5 billion-dollar tax increase. they are now debating that. there is a quorum present though we can report. 112 members of the 118 are there. four republicans are not. but it doesn't matter the republicans are not there. they need to get to1 votes. during -- 71 votes. during the passage of the budget

by this body 15 republicans vote the with democrats to pass the budget. presumably they would have to be present, vote again to override governor's veto. here is headline for me, melissa, as i listen in the background to folks debate as well, the headline to me, even if a budget is passed the ratings agency like fitch and s&p and moody's have said they're still going to review illinois's credit situation and they may still downgrade the bonds to junction even if the budget is passed because it doesn't do enough. that is of course what the governor has said. others say, listen if we don't get a budget we'll definitely be downgraded. there is no good solution in illinois. as i often said, there still remains no good solution in illinois. melissa: what a mess. i hope everybody else learn as lesson, jeff. thank you. reporter: get back to you on the vote. david: let's get back to events overseas.

prohe tests are calming down a bit in germany right now. what happens tomorrow when the g20 officially kicks off? former u.s. ambassador tore political affairs in the u.n. stuart holiday joins me right now. what happens if the riots go on tomorrow? will that affect the meetings in any way? >> i don't think so. we have had riots ironically against some of the trade deals the president is against many cases. david: you're saying rioters are pro-trump? >> i'm saying rioters are fact of life now with the g20 summits. david: they really are. >> in germany if you mix a little beer you will have more fireworks than normal. david: one of the problems, it is worse in hamburg as i was mentioning to blake burman, blake burman was told not to have the meeting in hamburg. between amsterdam and copenhagen. a place where radicals love to meet and cause their mischief.

i'm wondering if maybe merkel was trying to do it to speaking donald trump in terms of what is happening on outside of the meetings? >> her intention is to be a foil to trump in many ways. stand up represent the sort of globalist view. i don't think -- germans are very meticulous planning these summits and events. i don't think it was their intention to have things spiral out of control. of course there is a lot of media there. what goes on behind closed doors will count in terms of substance. david: it is huge, huge pressure on police to keep the situation, so far they have done an outstanding job what we've seen from afar talking to blake burman. he is sending us. males what is happening, how well-organized the police are. to put all that on the hamburg police, i don't know. it is seems a little too much to ask of them? >> it's a burden of course. remember seattle a decade ago. david: yeah. >> there have been problems on these things.

again, the german law enforcement is obviously tremendously capable. it is a distraction but also highlights degree which people feel apart from what, you know, the g20 are talking about. and, they're using it as opportunity to get their voices heard. david: ambassador stuart holiday, good to see you sir. thank you for coming in. >> appreciate it. melissa: the end of the dream. several states calling on the trump administration to overturn a controversial immigration program. next texas attorney general ken paxton explains why he is ready to take action, even sue the white house if necessary. ♪ your insurance company

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steve scalise not out of the woods yet. the louisiana congressman is back in intensive care. doctors downgrading his condition serious. after developing a infection, scalise had multiple surgeries had been improving until the recent downturn. the congressman along with four others were injured after a gunman opened fire on a congressional baseball practice. that was less than a month ago. david: we wish him the best. meanwhile texas attorney general ken paxton is threatening to sue the trump administration unless it ends the daca program, so-called dreamers act. the man mind that letter, attorney general ken paxton, attorney general for the state of texas. i was surprised to hear this, general paxton. you are usually allied with the president. you will sue him if you don't get your way? >> we sued the federal government five times since

trump came into office. all those are leftover issues from the obama administration. as is this. this was create by president obama in 2012. we believe something administration needs to address. it is unconstitutional. we won on the dapa issue. we think they will go this way. david: he called it unconstitutional on the campaign trail. he had a lot on his hands it is understandable, he can't do everything but is it an oversight on his part or what? >> i think this letter will bring to the attention issue needs to be addressed. they have got plenty of people to deal with it. so i'm not worried about it. i truly believe they will deal this next couple months. not like we gave them a week deadline. with he gave them until september 2nd or 5th. we are hopeful they will address the issues and communicate with us. we have a great relationship working with many, many other issues so i'm sure they will work with us on this one.

david: are there better avenues for your energy, outlet for your energies, thing of sanctuary city stuff rather than hitting white house or federal government, you still have other fish to fry, right? >> there is no doubt about it, but this is a left over obama policy no different than what we saud on with dapa. there is nothing dissimilar about the 2lawsuits i filed in -- 27 lawsuits i filed in 27 months. this is about a president who clearly stepped outside of his realm and authority. i believe this administration knows. i think they will address it. david: talking about stepping outside of their authority, a lot of states, this came out past couple days, a lot of states apparently want to legalize illegal immigrants in their states, transform them into u.s. citizens. as many as million illegal immigrants this could happen to, what do you think of that? >> a little bit surprising. i don't think they will be successful this is federal issue. up to congress to make the decision.

i think they would be stepping outside of their authority. if they did that, they would find themselves in a lawsuit with the federal government. david: so you don't think it will happen if they follow through on their plans? >> i don't think it can happen. if we're following federal law, which you know the courts are supposed to follow, i don't think there is any way you see that happen in individual states. david: attorney general for the state of new york, ken paxton, graduate to see you again, ken. >> have a great day. melissa: new york police mourning the loss of their colleague. she was an officer and a mother of three. fa meal yaw was shot and killed in our patrol car yesterday, shot in the face -- familia. officers lining up in new york city to pay their respects. what a tragedy. david: people will pay more money if taxes are too low, what people like warren buffett say? we have actual place this was tried.

you will not believe the result of this experiment straight ahead. :

>> we love this story. a bold proposal gone bad. turns out the people of norway aren't so eager to pay more taxes. country's voluntary tax plan collecting 1325 bucks since june. who knew? >> not much for a country of 5.3 million people. they're accustomed to paying some of the highest taxes in the world. they decided to follow warren buffett's advice say people who want to pay more, the millionaires say we should have higher taxes so they instituted and got about a thousand bucks. >> lo and behold people don't actually want to send more hard-earned money off to the government to waste, fraud and abuse, and people like warren buffett, mark zuckerberg mail

in the biggest check you want, mail it in. however much you want. >> people who have ideas that are not based on any kind of economic common sense at all should keep their mouths shut. >> instead they join the democratic party. >> okay! "risk & reward" starts right now.. liz: anti-capitalists anarchists clashing with police in germany as world leaders gather for the g20 meeting. this came as president donald trump just arrived in the city of hamburg. police were forced to use water cannons, tear gas and s.w.a.t. teams. thousands throwing bottles and bricks and setting off smoke bombs. the scenes looking similar to prior g20 protests that happened around the obama administration including toronto, pittsburgh and london. welcome to "risk & reward" i'm liz macdonald in for deirdre