you got to be globally diversified and don't get focused on one sector. that's dangerous. that's dangerous for artificial intelligence. liz: we hit the closing bell, gentlemen, thank you. the dow punching up 85 points, jumping exponentialliesa the closing bell rings, amazon off the bat. david: what is going on with the markets? after it looked like it was going to swoon, another record close for the dow. celebrating a brand-new all-time high for the second day in a row. it may trend higher as we finish in the close. stocks getting kicked around on the s&p and nasdaq after an early boost from facebook and amazon with the tech high losing a little steam today. hi, everybody, i'm david asman. melissa: i'm melissa francis, this is "after the bell". more on the big market movers. here's what else we are covering during this very busy hour. feeling the heat on health care, senate republicans under

the gun to pass health care reform. with key votes expected to run into the wee hours of the night. we're following all of the action for you. full coverage and analysis from capitol hill what's happening right now. meanwhile, the white house and republican leaders just issuing a joint statement on tax reform. what's being proposed now and what's been taken out. e-commerce giant amazon reporting results any moment. big anticipation for this report. we're going to bring you the numbers right when they come out. david: back to the markets and dow, the only winner among the major averages today, closing at another brand-new record high. straight to nicole petallides on the floor of the nyse, you got to tell us what made it turn around, the market looked like the red territory, the dow did, and then it popped. why? >> reporter: a couple of notes out today. one from jpmorgan and one from goldman sachs. jpmorgan note sent caution about everything from low volatility, the unwinding of

the central bank balance sheet and making a correlation between the market moves to 1993, and also the year 2004. and those were areas of weakness. so people got a little spooked. they took money off the table, particularly in the nasdaq futures and the technology stocks. goldman put out a note saying, look, we see tech selling off, but we're not really seeing any fundamental issues. so things turned back to the upside for the dow, but tech still sold off. amazon had crossed 1,083. it closed at 1,046, down $7. microsoft, apple all lower and the transports very weak on the day. so we did see the names suffering at the end of the day. but records for dow, nasdaq and s&p and watching for amazon down 3% as the numbers are breaking. david: we will watch amazon as the numbers come out. nicole, thank you very much, melissa? melissa: investors hedging bets

with gold today. climbing $10 an ounce to $1259.60 the highest settlement in a month and marks the end of three-day losing streak. david: the dow managing to end the day at another record high, the broader market way down by a sell-off in the tech sector, that recovered a bit. today's panel, scott martin, he's also a fox news contributor and kevin kelly from reconcapital. scott, i got to bring politics in here, there was word today, and i noticed it did mark that point that the dow began to turn around, of course, at the end of the day, it wend up. but when we heard about a proposal from inside the white house for a higher tax rate on the very rich, did that have anything do with it? >> yeah, i think it did, david. it wouldn't be politics if you and i weren't involved. i like that. what's interesting is funny, some days the market seems to care about the policy initiatives and other days it whistles by the graveyard. either way, i think the market

realizes the key point, higher taxes, whether it's on any bracket, if it's across the board, on the high end, aren't good, and that's why we're seeing the market react so severely. david: kevin, the bottom line is when you look at how the market turned around, something is happening here and whether it's the earnings, the profits, whatever, the markets just won't get down or won't stay down, anyway. >> yeah, and the market is based where companies are guiding for the future, and expecting to have a breakout -- david: kevin, got stop you mid sentence, we have amazon numbers coming out. back to nicole petallides with those numbers. nicole? >> reporter: taking a look at the revenue and also the earnings per share. the earnings per share, a big miss, at 40 cents per share versus estimates of $1.42. don't forget the sell-off in

the middle of the day, revenue 38 million. we're trying to see what the breakdown is. this earnings per share number is something we have to look at very closely. the stock is to the downside. we'll continue to follow it. melissa: interesting, scott martin and kevin kelly along with hitha herzog, research officer. scott, your reaction out of the gate. i feel the earnings miss, the pershare number, got to be something in there we don't know yet. >> there is, melissa, this happened before with amazon. the big thing to focus on here is the revenue beat where, investors should pay attention. the eps miss is huge, that's why you are seeing the reaction, what's interesting is the whole foods acquisition is interesting as far as commentary. the aws numbers, the growth is amazing but slowing. companies like microsoft are catching up. that could be the reason the stock is down.

melissa: hitha, when you see the stock hammered like this. amazon such an incredible company, i buy every single thing on prime, i got an e-mail they will deliver food from local restaurants to my house. is there anything amazon is not planning on doing? >> right, seeing that acceleration on the retail side. it's about to accelerate 5% for the next quarter. so you're seeing that. but to scott's point, the aws number, something people are going to start focusing on. amazon, the cloud service they have from the amazon web service, accounts for half of the operating profits of amazon, and while it grew about 43% last quarter, it's still planning each quarter year over year. melissa: nicole? >> reporter: the foreign exchange rates impacted the company. they said they had a year-over-year unfavorable, over $500 million in unfavorable foreign exchange

rates and the trend is likely to continue going forward to the tune of another 125 million unfavorable exchange rate. that's interesting part of it. i want to hear more about the warehouses. we heard about the jobs day, key, they're going to hire 50,000 workers. we covered that story, and more on the whole foods. watching for news on those pieces of information. melissa: terrific, kevin, your reaction? >> this currency headwinds is actually a cop-out due to the fact the dollar is down 6% this year and every other tech company benefitted from that. if they're not benefitting from a weaker dollar, i don't know what they're doing, but the important thing that's weighed on the eps is content spending, think about everything they're trying to do for prime members. giving away music for free, video content for free, as well as shipping costs, focusing on third party distributors, costs on the shipping side have gone

up, they're trying to alleviate that. guidance has been better because they are gaining more prime members. if we think about it, prime day here was a smashing, is that leads into the shipping costs going up as well as content acquisition costs. melissa: hitha, they have taken over my entire life. everything that isn't apple is amazon. i'll buy a pack of gum and have it delivered on amazon prime. i know the prices aren't always the best, it's close, but seems like while we're talking about the shipping costs, they figure out where to make it up. >> what's happening with amazon is they are trying desperately to not attrition customers to walmart or target because let's face it, walmart and target, online sales and operations are ramping up. so, yes, while amazon prime members are certainly coming in droves, it's not quite at the rate that amazon needs to see it at to make sure that the sales do not attrition out.

melissa: scott, is this an opportunity here when you are watching the stock get hammered? >> yeah, there's a lot of people i talked to that have missed this move from a thousand and beyond and 800, believe it or not. they obviously weren't watching the show. pullback like you saw in facebook today. pullback in facebook all afternoon, that's the chance to get into the teches that you missed out on. melissa: yeah, all right, guys, thank you. david? david: it's still over a thousand dollars a share. melissa: i know, a missed opportunity. i know it's expensive, but -- >> move from wall street back to washington where senators are preparing for what could be a very long night as they push to gain support for a bill that would repeal parts of obamacare. no one knows more about this than chad pergram, fox news capitol hill senior producer. chad, first of all, what is in the skinny bill, do we know? >> that's one of the big questions right now because we definitively don't. we're told supposedly they repeal the medical device tax,

get rid of individual and employer mandate. beyond that, we don't have a single piece of paper that says what's in the base bill and if that is, in fact, going to be the base bill. senator mitch mcconnell, the majority leader had lunch with the republicans. with no more information what they would be voting on or when the so-called vote-a-rama would start. that's the big thing that's going to happen tonight. david: who specifically, chad, is writing this right now, deciding what goes into the skinny bill? >> seems to be mitch mcconnell. he's held his cards very close to his vest. we're told he had a conference with paul ryan, the speaker of the house, about possibly going to a conference committee. that's where they get republicans from the house and senate and democrats as well together and try to merge and create a unified bill. that would have to start in the house of representatives. the question now is would the house pick up what the senate has done in the past hour here on the majority leader kevin mccarthy has put out a

statement, telling members to be flexible with travel plans. the house of representatives is supposed to start the august recess tomorrow. i will say, this david. people on capitol hill, those who want to repeal and replace obamacare are skeptical they can do something this fast. yes, it might be viewed as a big political win before the august recess but to finish up something through the house and senate, has to be the same bill and get it to the president's desk, that takes months sometimes. >> there was an amendment a republican put forward on single payer. i was interested in that. he put forward the amendment though he wanted it voted down, right? >> right, an amendment by steve danes, republican of montana. what do you in the big vote processes in the budget, you try to weaponize amendments, try to put senators from the other side in a bad spot, get them on the record. what happened here is nobody voted for this. you had 43 democratic senators vote present, and you had a handful of democratic senators,

it gave them the opportunity to vote no. people like heidi heitkamp from north dakota, joe donnelly of indiana, two of the most vulnerable democratic senators in cycle for 2018, and probably a good vote to cast a no vote against single payer. david: interesting stuff. chad, stay with us, stay close, we'll need your expertise in the coming hour. melissa: we sure are. he's the master, he knows what's going on. lucky to have him standing by. new developments on a dustup in the white house as two top-level officials take their feud to another level. is newcomer anthony scaramucci suggesting chief of staff reince priebus may be behind some of the leaks? david: the white house pushing ahead with agenda releasing a joint tax plan with congressional republicans. grover norquist with his take what's now in it and what's out? interesting stuff. melissa: as chad was telling us, a long night for senators as they scramble for amendments with a bill on health care reform. what can we expect senators

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. david: more breaking business news, the world's largest chipmaker intel reporting second quarter results, back with nicole petallides with intel and, of course, amazon. >> reporter: earnings per share, 72 cents, revenue 14.8 billion. fees 4.41. the stock is up 4%, they did well with sales of chips and the like, and the key is the outlook, we look for guidance from the companies, they boosted earnings per share view

for third quarter to 80 cents plus or minus, the estimate was 74 cents. they beat the street and give estimate going forward of a winning number and that is why you're seeing intel doing well. i wanted to quickly talk about amazon for a moment and looking into the numbers where we saw a big miss, missed by a mile on earnings per share, 40 cents versus estimate of $1.42. how do you miss it by a buck? they are going into a spending cycle. they were moving forward with whole foods acquisition, what m&a do they plan going forward and spending on video. amazon is down 2%. david: that's the way bezos rolls, sometimes he spends, thank you very much. melissa? melissa: looks like a late night for the senate as republicans are making the case for the skinny repeal bill which would repeal parts of obamacare. joining us is republican senator john thune from south dakota. sir, thank you for joining us. what do you think is going to

happen tonight? >> i hope that sometime in the wee hours of the morning we pass a bill to the senate that will enable us to go to conference at the house of representatives and relieve people from the burden of obamacare, which has led to skyrocketing costs and collapsing markets. we got to do better. melissa: you know some people are saying what you're voting on tonight is really more the idea of keeping the thing alive, moving it back over to the house so they can work on it. what do you think the final incarnation looks like? what could get enough votes? >> in the senate? melissa: yeah. >> i think that, obviously, this is just one step in the process, but my guess is what we ultimately end up voting on tonight does away with the mandates. the individual mandate which requires people to buy insurance products they don't want or can't afford, and secondly, the employer mandate which is a job killer in the economy. those are the two core items on which obamacare is built. that's the foundation. and so we would eliminate those

and some other things that would give states more flexibility when it comes to designing plans better for their populations and some of the things are a part of our discussion that happened so far. this is what we can do, this is where we can get 50 votes for and moves the process forward. melissa: but in the end, what do you think it looks like? not just coming out of the senate, when it goes back to the house. what do you think could get enough support to have real change? >> i hope we can get back to where we have a folsom discussion on repealing and replacing the failed obamacare model, that entails some of the things i talked about. getting rid of mandates, some of the taxes and also creating a refundable tax credit for people that they can buy insurance in the individual marketplace if they can't afford it. hopefully medicaid reform, to make the program work more efficiently and sustainable, and a lot of this will be shifting power and authority and flexibility back to the

states, getting it out of washington, d.c., and allowing the states where i think they can better manage these programs to have an opportunity to do that. melissa: lot of what you're saying makes sense in terms of getting rid of the mandates. people who were healthy weren't buying the mandates so the money wasn't coming through to pay for it. if tends up the way you described, you need a lot more money in order to pay for the people using a ton of health care who have preexisting conditions. where do you find that money? >> well, there is money available, obviously, what we're doing here in the senate doesn't affect the taxes that are available to pay for the things, and doesn't affect the subsidy structure currently in place. if we get a bill into conference, i hope we can take on some of the issues and come up with a better way. obviously, what we have today isn't working, it's unsustainable, come up with a better approach, and i think that ultimately if we can get this step tonight, get in the

senate and through the conference in the house, we can come up with a bill and a plan that does meet our objectives, bring civility to the marketplace. more affordability and liberate people for the mandates and force them to buy things they don't want to buy. melissa: yes, sir, the house is supposed to go home for summer recess, do you think they need to stick around in order to keep working on this? >> if we can get a bill across the senate floor sometime in the wee hours of tomorrow, it will set up a conference with the house of representatives, if the house and senate conferies can come to an agreement, at some point both the house and senate have to be available to vote on that. my hope is that happens quickly. i don't think we have the luxury of time. the clock is ticking and the obamacare markets are collapsing, insurers are setting rates for next year, and there's got to be a sense of urgency attached. melissa: i'm hearing you say everybody stay in washington until you get further along? >> i think until we get an

outcome. we need to get a result. melissa: i like that. >> my guess is that could happen hopefully sometime in the month of august. if we can get a win out of the senate tonight, go conference with the house, i'm hoping we can put together a plan and bill that would get majority support in the house and the senate and get on the president's desk and move in a different direction, better direction for the country. melissa: sounds good, senator thune, thank you. david: move towards tax cuts. right? melissa: right. david: got to get moving on that track. melissa: should have done that first. david: a beleaguered attorney general. fox news' tucker carlson wrapping up an interview with jeff sessions, his response to president trump's recent criticism, coming up. fresh insight on the president's plan to reform the tax code. we've got the break details from the white house. americans for tax reform president grover norquist is here to react. that's coming next. (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today.

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. melissa: pushing -- hello. this is pushing forward on tax reform, republican lawmakers and white house officials releasing a joint statement today with broad-based principles for tax reform. going forward, our own blake burman is live at the white house with the latest. blake, i bet you knew that commercial break was over. >> reporter: hello! is that what you said? melissa: we didn't continue was over, but go ahead. >> reporter: the statement today, and one thing we could tell but tax reform is that this whole skon accept the of the border adjustment tax hit the final wall. in the statement released by steve mnuchin, gary cohn, four of the congressional lawmakers, the border adjustability is no longer being considered. that faced backlash not only from conservative members of the house but much of the senate. republicans speaking here, also retailers as well. the statement also said that

the target here would be the fall. as you know the recent date set by the white house for a framework for all of this was september, leaving ambiguity in the statement when they said the fall. i asked a white house official who pushed back on the notion that maybe the goalposts were shifting on this, that official telling me, look, the goal is to get tax reform done in 2017. that is something that the vice president mike pence reiterated in washington earlier today. >> discussions and negotiations will continue. details will continue to be worked out, but rest assured, we're going to cut taxes and we're going to cut taxes this year. >> reporter: that statement also said that one of the goals was going to allow, quote, unprecedented capital expensing. here at the white house at the press briefing earlier today, the incoming press secretary sarah huckabee sanders would not say whether or not the president wants whatever comes next to be revenue neutral or not.

melissa, i guess i say good-bye. melissa: very good. i'm going play that little clip. i'm going to make a meme and play it every single day until they do. it make no mistake, we're going to cut taxes and do it this year. i'm going to play it on a loop, i love it. thank you. david: here now is grover norquist, one of the things i love about this job, working next to a woman who has the same notion about taxes as i do. melissa: i hate them. david: what we loved about what vice president pence is was specific, we need to cut taxes. compare that to the joint statement on tax reform that came out, the single most important action we take to grow our economy is to fix our broken tax code. that's rhetoric that we've heard for the past four, five decades. it's very simple. we just need to cut taxes, correct? >> yes, they're both true,

fixing the tax code means reducing tax rates, cutting taxes. david: let me stop you, grover, what it was beginning to mean until today was the addition of a new tax called a border adjustment tax that the great announcement in my mind today was that the border adjustment tax, for now, is dead. >> what that tells you, the border adjustable feature of the corporate income tax was going to raise a trillion dollars every decade. that would be used to pay for other tax reductions. what i think you're hearing from the white house and the house and the senate is this is not going to be tax reform like 1986 where for every winner there's a loser, but going to look more like 1981 where reagan cut taxes for everybody, and growth is what made up for the revenue. david: from your lips to god's ears, or at least to the senate's and the house's ears,

the bannon tax, the idea coming apparently from the president's adviser, mr. bannon, that he thinks taxes should be raised on people making over $5 million to upwards of 44%. what do you think of that? >> comes from the store a a congressman wouldn't give his or her name and bannon hasn't said it publicly. >> you think it it's fake news? >> either fake news or such a bad idea everybody involved doesn't want to associate with it. the good news is this, no one in the white house, except one guy, wants to raise tax rates, they made it clear. all rates on all people come down. ditto the house. ditto the senate. the reason leftists and other advocates like high individual rates is not that they raise money, every time we've cut the top rate, we get more money for the government because of more growth. those rates are there to sucker the middle class into paying higher and higher rates themselves going did we cut off your finger?

we're cutting off three from the kennedy kids, you shouldn't mind if it cuts off one of your finger. they're a bad idea for the economy and they're a political maneuver to trick other people into trying to be happy about paying too much in taxes. david: i'm glad you think it's fake news, clearly with an economy growing far less than 2%, which is close to anemic, the only -- if you punish the people creating jobs, those people in the 5 million plus category, you're going to have fewer jobs, slower economy, no? >> correct. do read the cheerful news in the statement today. rates as low as we can get them. business taxes, small and large business, and moving towards business expensing. they gave us wiggle room how far you go, keeping depreciation, faster depreciation, more expensing

in, is a big pro-growth policy. david: indeed it is. grover norquist, good to see you, appreciate it. >> good to be with you. melissa: starbucks down 1% after posting lower quarterly profit. the company announcing closing all 379 of its teavana stores after buying the company in 2012. starbucks will continue selling teavana products in their own stores. i don't think anyone really knows what it is. nobody was buying. david: you like coffee or tea. melissa: and a whole store about tea? tea is not that popular. david: still deplorable. hillary clinton doubling down on the reason she lost the white house. melissa could have had a few shares on that one. melissa: plus battling leaks from inside the white house. the trump administration is cracking down, working to find what some are calling traders in their midst. next, rachel campos duffy, fox news contributor sounds off.

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message. hmmm. >> when i put out a tweet and put reince's name in the tweet, they're making the assumption that it's him because journalists know who the leakers are. if reince wants to explain he's not a leaker, let him do that. let me tell you something about myself, i'm a straight shooter and go right to the heart of the matter. melissa: joining us now is conservative commentator and fox news contributor, rachel campos duffy. great to see you. what did you think of that? >> good to see you, melissa. melissa: what did you think of that? >> later on he said, look, i tagged reince on the tweet because we're basically in solidarity on how important it is to get the leakers. so i don't know. they said that reince and bannon weren't friends and we know they are friends. i think all the palace intrigue is coming from the press. i don't know if it really matters. melissa: yeah, why do you think -- it kind of matters, though,

if they're not getting along and there is a change in who has the president's ear, that certainly makes a difference. seems like anthony has got the president's ear right now. >> first of all, it matters if they get the leakers, that's something that needed to happen, if it looks like anthony scaramucci can do it, that's a good thing. as far as scaramucci reporting directly to donald trump, i can only give you the example of my own husband's congressional office. like donald trump, my husband is his own best communicator, so he works directly with the coms director and the coms director has direct access to my husband and doesn't have to go through the chief to get to my husband, i think offices are different and depends on the leader and in the case of donald trump, we know he is his best communicator. melissa: let me play the sound bite of jeff sessions talking to tucker carlson and get your reaction to that, too. >> sure. >> you've seen the president's criticism of you. do you think it's fair?

>> well, it kind of hurtful, but the president of the united states is a strong leader. he is determined to move this country in the direction he believes it needs to go make us great again. and he had a lot of criticisms and he's steadfastly determined to get his job done and he wants all of us to do our jobs, and that's what i intend to do. melissa: pretty good answer, got to give jeff sessions credit for that one, what do you think? >> the first time i heard it, this is exactly why donald trump or president trump should not let this man go. he's an honorable man. he was honest, it's hurtful. he doesn't like that, but at the same time, he's doing great work. work he's doing to get rid of ms-13 and other terrible criminals in our country. the work he's doing on immigration. i think he's a very strong asset for the president. if they can get over the personal hurtle, i think it would be smart for the president to keep him.

melissa: yeah, and anthony scaramucci saying before he likes fighters, likes tough people. to see him say it hurts, i know he wants strong people to do their job, that is a good answer. turning to news from your neck of the woods. foxconn announcing plans to build a $10 billion plant in wisconsin that would build lcd panel screens, foxconn a major supplier to apple for iphone. you must be excited about this, that's a lot of jobs. >> listen, the democrats can talk about russia and people can talk about leaker. in wisconsin, we are talking about foxconn. huge news. the president deserves credit, scott walker deserves credit for this. this is a $10 billion investment. will bring 3- to 13,000 jobs. these are jobs that average 57,000, $60,000 jobs plus the jobs created building the plant, and then all the support

for the employees around it. this is a game-changer, it's turning wisconsin into the silicon valley into the midwest. melissa: it's so smart, when i talk to people in the business world, they know they're going to get positive pr and positive feelings from the president if they move more jobs here. everybody is trying to figure out how to do it. a great phenomenon. you guys are lucky. thank you, rachel, for coming on. >> thanks. >> the parents of british baby charlie gard are transferring him to a hospice where he will die. britain's socialized health system ordered the sick infant pulled from life support months ago, contrary to his parents's wishes. president trump offered to bring the child to the u.s. for treatment but the legal wrangling was too long and charlie's condition has worsened to the point where the parents have given up hope. charlie gard's case is a symbol to those who argue that socialized medicine takes life and death decisions away from

individuals and families, handing that authority over to the government. melissa: so heart breaking. david: it is. melissa: terrible story. david: it is. melissa: possibly running out of time. senators debating health care right now in our nation's capitol. will lawmakers reach a deal to repeal obamacare? and the house is getting ready to leave for august recess, but will members stick around if the senate agrees on a plan? we'll ask republican congressman jason lewis. that's 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? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. with some big news about type 2 diabetes. you have type 2 diabetes, right?

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. david: as you can imagine, insurance companies are in a panic over the lack of direction from washington on repealing and replacing obamacare. gerri willis has more on what this industry is saying about the ongoing debate. more to them than us to. >> reporter: you got that right. panic, david, you think insurance coverage on the obamacare exchange is expensive, just wait. that's what health insurers

say, a proposal to scale back, the skinny repeal that would get rid of obamacare mandates could push higher if passed. that's according to blue cross blue shield association, major insurer on health care exchanges. here's what they said, if there is no longer a requirement for everyone to purchase coverage, it is critical that any legislation includes strong incentives for people to obtain health insurance and keep it year around. a system allows people to purchase coverage when they need it drives up costs for everyone. on earnings conference call, the ceo of anthem said if the company doesn't get more certainty about the future of the exchanges, it will, quote, further narrow our level of participation. anthem is the biggest for-profit company in the blue shield blue cross association, swedish emphasized the need for cost sharing reduction payments and without them, the insurure may boost rates from 15% to 20%.

david: further narrow participation. that means they're pulling out of more states, right? >> reporter: you bet, we've seen this in the past. lot of insurers reduced contribution, they don't have to be involved if they don't want to be increasingly, we're seeing the companies back away. david: good to see you, thank you very much. melissa: did you hear that? cost sharing participation payment. that means our tax dollars going to them. david: bailout. melissa: cost sharing? a skinny repeal of obamacare, lawmakers are still undecided on the right plan to reform health care. an update from capitol hill is next.

. melissa: more breaking news on amazon, the stock down 2% after hours following a beat on

second quarter revenue, but a miss on eps, reporting a 77% slump in quarterly profit, as the company invests heavily in video content and fast growing economies like india. david: so it's cheap $1023 a share. the senate floor is arguably the busiest place in washington as republicans try to get everyone on board the so-called skinny bill that repeals parts of obamacare. here now, john kennedy, a straight talker from louisiana. good to see you, thank you for being here. let me just be clear, as clear as can you be right now, apparently a lot of people in the senate don't know what's in the skinny bill. specifically what's in there. i know it takes away the mandates, individual and employer, and it cuts, correct me if i'm wrong, but cuts the tax on medical equipment makers, but does it do anything else? >> well, the reason people, david, haven't really been able

to say is because we don't know yet. we're still talking over what ideas we can all agree on. and that's all the skinny bill is. i mean, it's what ideas can we get 50 votes on to send the bill to the house and then presumably, i don't know for sure, but presumably the house will send it to conference. we talked about getting individual mandate. we talked about getting rid of the employer mandate. we talked about the section 1332 waivers. we talked about the planned parenthood issue, but we haven't reached a consensus yet, we're still talking, and look, i know this isn't a pretty process, a circus without a tent that's broken down, but in a lot of ways it's working just like it's supposed to. we're going to start maybe tonight, really picking up the pace on amendments and you're going to see hundreds of amendments offered by democrats and republicans and

independents and we're going to -- the skinny bill is going to be whatever survives after we start amending this thing. david: well, senator, however you describe washington, it is a mess. >> yeah. david: i don't think anybody would argue that. but there are certain realities with regard to the way medical care and payments are going right now in this country that you can't avoid, and one of them is that the medicaid, the expansion of medicaid has grown so fast and involves so much money, and here you're cutting some of the taxes that pay for that. how the heck are we going to afford it unless there is massive cuts in medicaid? >> there aren't going to be massive cuts in medicaid, all the bill we're putting together is trying to do is slow the increase in medicaid. david: but that's not in this skinny bill, senator, is it? >> that's not in the skinny bill yet, but the process isn't over yet. david: okay. so you think that once you get

the skinny bill through, then the real work can be done on cutting this amazing expansion to medicaid, which is now the biggest form of government insurance that we have, go ahead. >> i agree with you on the expansion. it's been breathtaking. medicaid is now 47% of my state's budget, louisiana spending 29 billion a year, and half of it is going to medicaid. just a few years ago, it was only 21%. so it has doubled in my state. david: something has to be done. turn to politics for a second. a number of the republican colleagues voted against the repeal measure yesterday, one of them was senator murkowski. >> right. david: she apparently received a phone call from a member of the president's cabinet and some people are saying she was threatened by that member of the cabinet, she won't say. what do you think of the politics of all this in the recalcitrant republicans? >> well, number one, i can't speak for other people.

you know, never have worked with me, i just don't. if you want to threaten me, you got call somebody who cares what you think. [laughter] >> i just got to -- i call mine like i see it. in terms of -- we've got a couple of groups of people. we're within the republican caucus, we've got me, that are ready to saddle up and go. we've got others that really are struggling with what the right thing to do is, in their judgment, and then we've got probably a third group they're like the lion in the wizard of oz, they're looking for courage. [ laughter ] >> you never have to look for what's close to your heart. john kennedy, thank you, please come back any time. >> thank you, guys. melissa: if you're going to threaten me, i don't care what you think, you got to find someone that cares what you think. melissa: new accusations, hillary clinton claiming the title of her campaign memoir

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david: breaking news from inside the beltway, a news conference on healthcare reform many senate republicans are pushing for the skinny bill. >> moving on the book of blames, hillary clinton calling her new book. "what happened." what happened? david: she says, tells the story of what it was like to be first woman nominated for president in election marked by rage, sexism, highs, lows, russian interference, maddening inattention to serious issues, deplorable bigotry and an opponent who broke all the rules. melissa: are you kidding me?

david: she does not blame herself. melissa, of course, not. david: she even blamed democratic party for their parties. she stands for nothing but hillary. melissa: right. that does it, i'll see you on "lou dobbs tonight," here is "risk & reward." >> any you agree with president or disagree, you have to love the institution of the presidency, love the office and love our country, what is going on right now, i have done major amount of work over last 5 days and interviewed most of th the assistants to the president, and most of the people in communication team in white house. liz: white house crackdown on leaks. open warfare between and reince priebus, we bring you story not covered, details on how leak hurt national security, as officia