rates. liz: sean, you have fireworks here, we see yet another record for the dow jones industrials, thanks so much. the dow's 8th straight record close. 34th since the beginning of the year. berkshire hathaway earnings coming up yet. dave and melissa are coming up. david: are you tired of winning, folks? the dow closes for a brand new record high for the 8th straight day. this is the longest streak of records since february. s&p managing to pull out wins as well. happy friday. i'm david asman. melissa: happy friday. i'm melissa francis. this is "after the bell." we have more on big market movers. here is what else we're covering in this very busy hour. will farmer bro go to jail? the jury reached its verdict in the case against martin shkreli, guilty of three count of conspiracy fraud and conspiracy. the latest from brooklyn federal courthouse coming up. cracking down on leaks.

attorney general jeff sessions out with stern new warnings, new measures to hunt down people who threaten our national security. there is this the cover of "newsweek." president trump in a recliner covered with cheetos? with the caption, "lays by boy, bored and tired." imagine if he did any work. really? more on that and we're getting your take s that your i am prosecution how it is going so far? david: in fact the tweet sphere is blowing up we put a question what you you think of all this. we'll read some of those. first back to the markets. another record close for the dow. stocks driven higher by july's better than expected jobs numbers. go to nicole petallides on floor of new york stock exchange for more. if trump had anything to do with the market rise since the election, and it is impossible to believe that those two things, the election and the market zooming up are unrelated, i mean, we should all be happy

about this, shouldn't we? >> why not? ultimately if you have any sort of investment or 401(k) or ira or a 529 plan, whatever, wherever, you have to ultimately be happy about the market. not only the market but also just the economy. things are on the trend for the upside. we have better than expected jobs report of 209,000 jobs added. that pushed stocks higher ultimately and with that we saw the dow hit yet another record close, its 8th in a row. that is pretty unbelievable. nine wins, we haven't seen that since february. taking a look at big movers this week, apple came out with second best quarterly revenue ever. everybody is waiting for the fall for apple. fed is likely to raise again. yelp gained more than 25% selling off eat 24. so that got a huge jump today. gopro, if you're a big fan of surfing, i don't know,

kiteboarding, whatever adventure you enjoy, you will gopro, right? it is up 20% on rising sales and ultimately a real winner. i see it is 10 bucks. i know it used to be 90 a few years ago, take a big win on particular day. david: great way to end the week. nicole, thank you very much. melissa. melissa: oil driven higher by the strong jobs report ending the day up more than a percent to 49.58 a barrel but it is closing lower for the week, down two of the past three weeks now. david: stocks hopping to another record, thanks to a strong jobs report out this morning. the u.s. economy added 209,000 jobs in july, much higher than the estimate, pushing the unemployment rate down to 4.3%. president trump taking a victory lap, tweeting, quote, excellent jobs numbers just released and i have only just begun. job-stifling regulations con itto fall.

movement back to the usa. the president has had more than a jobs under his administration more than a million. paul, let me start with you, we can actually quantify how many regulations pulled back by the administration. they have withdrawn or delayed 860 proposed regulations that is the first five months. there has been another month. 19 of those 860 regulations had economic impact of $100 million or more. this is easy to quantify. >> yeah, it is amazing, and no doubt it is driving some of the equity markets that we're seeing to record highs. pour importantly i would say, according to president trump there is lot more regulations or regulatory reform to come. i think, the anticipation of that, and psychological impact of that also driving the markets. david: carol, is there relationship between thing arelations that have been pulled

or halted and number of jobs created? >> absolutely there is a direct correlation there. i think as important there is also an indirect correlation, if you don't want to give president trump credit directly, at least give him credit indirectly. we know if hillary clinton had been president, there would be completely different reaction from the market and from business. you saw that, we saw it empirically in the market. if you look leading up to the election how the market flat-lined, when president trump won, how it shot up since then. we can see that quantified. so we know if you don't want to give that direct credit, at least do it incorrectly. david: jack, we've had these earnings, these great earnings the past couple weeks, is there a relationship there between the less, the fewer regulations that cost a lot of money? it is kind of a tax to these businesses they don't have to pay anymore? >> no, earnings are rising because they plunged on oil, now that is going away. david: hold on. you're saying that these regulations, deregulation had nothing to do with the bottom

line of companies? >> not stock market earnings. we had a oil plunge biggest drag on stock market earnings. david: jack, 19 of these 860 regulations had economic impact of over $100 million. that redowns precisely to the bottom line of these companies. >> that is not driving s&p 500 earnings higher. i do want to give the president some credit here of course. the jobs numbers are good. the wage growth is decent. they're pretty much on par with what was happening when the president took office. he hasn't screwed anything up. i want to put that out there. david: 4,000 points since the election. melissa: i don't know. david: jack is a tough sell. melissa: new evidence that the average american is not going to the mall. 900 new retail jobs were created in july, matching amount of jobs in the transportation and warehouse sector. paul, let me start with you,

amazon's jobs, they have added 28,000 in the past 12 months. this is mail-order economy. they have talking about how new warehouse opening up in new jersey. everywhere you go you hear ads for them hiring. what do you think about this going forward? >> i think it is interesting, everybody knows that the retail sector is being impacted by the move to online. amazon is obviously the leader in capitalizing on that, but the key point here that i just think retail economy is adjusting what will be the new normal. i don't think retail in of itself and physical store locations are going away completely. there are still some people, myself included, want to see physical goods before ordering things online. melissa: yeah. carol, i mean we know paul is a dandy, he likes to pick out his beautiful ties and socks and all kinds of fabulous things at the mall. the rest of us order it all online. we're still shopping. it still takes people, they're just in different jobs. >> absolutely. if you have ever saw my foyer filled with boxes --

melissa: mine too. >> that is absolutely the case. but i do think the challenge, melissa, when you look at amazon, trying to label them as job creator i think there is some displacement going on. i think we can't look at that say these are new jobs. this is a shift in jobs. it is something we'll have to continue to continued with as we shift our economy. it is one of the only negatives in terms of what is going on with jobs right now. we need to do more training to get people the right kinds of skills. otherwise we'll have a shell game where we shift it from one place to another. melissa: jack, would you like to rethink your opinion from the last segment or try to get this one right? >> amazon does not like this conversation at all. melissa: really. >> the truth at moment they're a net destroyer of jobs. they would like to tell you the problem really we built too many malls and too many stores in this country but i guess a matter of perspective. melissa: isn't that productivity? you can't necessarily say that's a bad thing. everybody is buying their stuff? >> they're creating high-paying

software and engineering jobs, some of them. david: jack, it is friday. it is friday. cheer up! >> i'm feeling good. david: two automakers playing a trump card. deal-maker-in-chief celebrating a new deal. toyota and mazda i building a new $1.6 billion plant here in u.s., creating 4,000 american jobs. great investment in american manufacturing. carol, we should mention this is just two of the latest companies that have done this in reference to what donald trump has been suggesting they do. is there direct effect or not? >> actually, this is one where i challenge anybody to find something wrong with this. this is a greenfield project. [laughter] let me finish. let me finish. david: go ahead. >> green field project. haven't said what any state, if you say state net taxpayers not just jobs, but what it brings to

the local economies in term of restaurants et cetera, it is good news. david: jack, i believe it was you, go ahead. >> i love these 4,000 jobs. automotive manufacturing employment in america is up 45% over the past eight years. it is actually down just slightly since trump took office. that is not his fault. he just went on vacation. i want to leave on good note. congratulations on 4,000 jobs. david: he is moving the white house. he is not going on vacation. go ahead, paul. >> they haven't pick ad state where this will happen. asked link for it to happen in 2021. while on surface it is good news, what could be added 4,000 jobs the fact we'll not see this a long time. a lot could happen. >> still good news, still good news. david: if you're concerned being too happy, consult jack hough, he will -- melissa: we love you. you're all good sports by the way. despite these deals and positive signs for the economy and the new record on wall street,

"newsweek" is proclaiming that president trump is la-z-boy. i think jack drew that picture. in addition to the toyota, mazda plant we mentioned, foxconn is spending $10 billion on wisconsin factory, more than one million jobs added in the last six months, jobless claims at lowest point in 2years, in spite of the president. david: remember 860 regulations gotten rid of so far in the first five months. thatthat is a huge accomplishme. it does redown to the bottom line. melissa: not only that, so many businesses are taking risks now. they are willing to go out there and they don't want to get clobbered over the head every time they pop up there. david: an jobs numbers. did "newsweek" go too far? we tipped our hand. our you viewers to weigh in on social media. find out what you have to say on the "after the bell" facebook and twitter page.

we'll feature some of your responses. >> tweet us. ever wonder what happens to your luggage when it is making your way on and off your plane? i really don't want to know. hopefully it is not this. outrageous video that led to firing of baggage handlers. david: government watchdog is now finding the obama administration misled americans thinking obamacare would be cheaper than it actually was. no. details of this new report coming next. melissa: the revealed farmer bro could face jail time in connection with two failed hedge funds. the verdict is in. live to brooklyn federal courthouse for an update on that one next. >> sometimes people skills don't translate well. we will have some good discussions. ♪ poor mouth breather.

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melissa: the verdict is in for the most the hated man in america, martin askly. guilty on go counts of securities fraud and conspiracy to commit securities fraud. "farmer bro" eligible for up to 20 years in prison. tracee carrasco with the details in brooklyn. that was quite a press conference, tracee. reporter: it really was. martin shkreli walked out of a press conference here half hour ago. he gave us all a press conference. he was delighted with the verdict. fight out of eight count that is good verdict as far as, found not guilty. the three charges you was found not guilty as you said, conspiracy fraud, securities fraud and conspiracy again to commit securities fraud. now martin shkreli as you know

was the "farmer bro." he was notoriously known as ceo who charged 5000% more for a live saving aids drug. his lawyers said this was very difficult case because there was a lot lot of anti-shkreli sentiment. this is what martin shkreli had to say as he walked out of the courthouse. >> this was a witch-hunt of epic proportions. maybe they found one or two broomsticks but at the end of the day we've been acquitted of most important charges in this case and i'm delighted to report that. reporter: now in the case here federal prosecutors accused shkreli of cheating investors out of two hedge funds that he runs but he maintains he didn't do anything wrong. one of the counts, count 7, that was conspiracy to commit wire fraud, he said he did not quote, rob peter to pay paul. again he denies all of these charges. he says no one lost any money here. he is hoping for no prison time. his lawyers said they hope for a lenient sentence. no sentencing date has been set

but we will bring you anymore updates as we get them. melissa. melissa: what a story, tracee, thank you. david: a lot of wishful thinking on his part in the press conference. melissa: yeah, i don't know he, it is not all there, i don't think. anyway, we'll see what happens. david: meanwhile a scandal that matters to everybody. the story you will not hear from the mainstream media. plus dangerous leaks from inside of the white house. the trump administration going on the offense preparing to crack down on some who are calling traitors. a.b. stoddard from "real clear politics" weighing in. >> i don't think these leaks are helpful in any way. i think they're dangerous, particularly when it involves classified information. ♪

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david: finally cracking down on white house leaks, attorney general jeff sessions threatening new consequences for anyone who slips classified

information from the west wing. our own adam shapiro is live in d.c. with the very latest. adam. reporter: it isn't just white house leaks. it is throughout the government dan coats, director of national intelligence and attorney general jeff sessions are concerned put the united states in jeopardy, a possible threat to national security. so take a listen to what the two of them are saying about where we go from here because already four people have been identified and potentially charged with crimes for leaking information that was classified. >> this nation must end this culture of leaks. we will investigate and seek to bring criminals to justice. we will not allow rogue, anonymous sources with security clearances to sell out our country. >> if you improperly disclose classified information we will find you. we will investigate you, we will prosecute you to the fullest extent of the law and you will

not be happy with the result. reporter: of course the most recent leaks were the president's conversations, private conversations with the leader of mexico and the leader of australia. democrats have also come out as long, or along with republicans condemning that. so these are the kinds of leaks they're trying to stop. you should know towards the end of the official statement from attorney general jeff sessions he actually in a way threatened the press. he said we're going to review the subpoena options and powers in regards to published reports. so this one's not going away anytime soon. back to you. david: that one was a little concerning. adam, thank you very much. melissa. melissa: here is a.b. stoddard, "real clear politics" associate editor. thanks for joining us. what was your take on this? >> well i'm not surprised they are going to get aggressive on this and it is obviously really burgeoned since president trump took office, leaks of classified information are really dangerous

and there has to be some kind of repercussions and consequence in place for this to eventually stop the leaking of transcripts of the leader of the free world talking to other leaders of other countries overseer russ national security matters like our standoff with north korea. it really can't stand. that said, this president did, you know, set out to attack the intelligence community, and is seen, he has paid the price for that, after he met with russian officials in the oval office. they believed that he released classified information in that setting. they exposed him by leaking a discussion in that meeting in order to show he might have done that, which they thought he should be held to account for. i don't necessarily think that the leaks are going to stop. melissa: so you don't think they're going to stop. this would be the moment, they went out and made this very strong statement. we're not going to stand for

this, this is what we're going to do. seems like if they were serious about stopping it at this point, you would take whatever you thought was most clear-cut or egregious leak. maybe it was this conversation between world leaders, whatever it was, try to triangulate back to who did it. which would be fairly straightforward. >> right. melissa: maybe take one easiest to track down and trace, figure out who did it, bring in a lie detector and start prosecuting one person and make example out of one person to make the whole thing start? >> the attorney general made it start without naming the case have has begun targeting certain leakers. certainly they're following the practices of the obama administration where the obama administration used the espionage act to go after, target more leakers than all of his predecessors combined. so you will definitely see an aggressive targeting, likely prosecution of leakers. i'm just saying it might slow it. i don't know that it is going to stop it. there are also non-classified leaks going on from within the west wing of the white house. melissa: sure.

>> if you look all over the coverage of h.r. mcmaster, national security advisor last 48 hours, you see his critics have begun a campaign against him. hopefully and their goal is to get him out of his job. so there are leaks going on between warring factions under president trump's nose. until and unless you have people that are working as a team, which maybe general kelly, new chief of staff can do, you will have people leaking against rival factions. that is another nonclassified action of leaking i don't think it will stop. melissa: i want to follow up a couple things you said. you said sounded like they were pursuing already a significant leak, from what we heard this afternoon. have you heard anything about that? is there anymore evidence of that? has anyone else been talking about the fact that they seem to be -- >> they have a new unit within the fbi. they said they're going after people aggressively. i think they are ultimately

going to do what you just suggested, melissa, use very vast resources upon people that are in the room. look at the leak of a meeting about afghanistan policy we saw this week? how many people were in that room when the president was very, dismayed about the afghanistan policy proposals before him and talking about this comparing it to the renovation of the new york nightclub 21. there is only a few people in there. won't take them long to figure out who leaked that. i do believe heads will roll. i'm talking about vast, broad leaking generally. i don't see it will come to an end. melissa: they are two totally separate things, national security one versus back biting one. i think it would have chilling effect if you made example out of somebody that broke the law. on other hand if you're in the white house calling a reporter to stab someone else in the back, you might think twice about it if somebody is leaking, going to jail if you leak

something more significant. you don't think there could be a connection? >> no. if you thought general kelly would make sure you lost your job. there can be consequences both, if you work at the nsa or work on thecom staff of the white house. what i'm saying is, it has been so prolific, i believe it when i see it. melissa: absolutely. thanks for taking time today. we appreciate it. >> thank you. david: the worse when those leaks put people's lives in danger, many of them have. melissa: no question. david: something has to be done. pushing forward the president's agenda, congress is leaving d.c. for the august recess without accomplishing very much on its to-do list. how does that bode for big-ticket items, tacks, taxes, on the agenda when they come back? we'll talk to steve forbes a man knows quite a bit about taxes, "forbes" media chairman next. melissa: speaking of taxes how they need to get bessie, no wait, we were not talking about that. living lazy in the west wing. latest news portraying president

trump as a lazy boy? we asked to you weigh in. we'll air some of your cleaner, some of them bleeped responses. david: even the ugly ones. ♪ soccer player, but i never imagined that i'd be playing in kansas city. when i was first elected mayor, they would talk about kansas city, kansas like... i can't wait to get out of here. through the years we lost over 30,000 people. we turned that obstacle into an opportunity. the speedway was the catalyst... and because of the speedway we now have a shopping area and a wonderful soccer stadium. and now we're starting to grow in population. it's extremely important to have financial partners such as citi® who believe in that same vision. this area is now a destination. there's people that come out here for entertainment. there's people that come out here to work...to raise families.

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melissa: eight in a row. the dow closing at another brand new record high, the longest streak since february. the blue-chips also ending higher for the second week in a row, very nice. david?

david: last night during his rally in west virginia president trump slamming the political dysfunction and gridlock on capitol hill, it has been jamming up the agenda that got him elected. take a listen. >> the united states has the highest tax rate on business anywhere in the world and we want to bring it down to one of the lowest because we want more growth, more jobs, and higher pay, and that's what is going to happen. david: joining to us weigh in, "forbes" media chairman, steve forbes. steve, how does the president break through the noise of all the nonsense stopping his legislation? >> focus on one big thing, that is the tax cuts when they come back. saying this is not as complicated as health care. we've been doing this for 40 years since ronald reagan. get a big cut, simple cut, not get caught up in projections 10 years from now as if we can't even predict the weather 10 days from now, so move it. david: it is not rocket science.

i remember when rick perry was governor of texas, we were asking how the economy was so good during the recession. texas did pretty well. he said it is pretty simple. you just lower cost of business, you have more business, specifically lower tax rates and business comes flooding in. >> that speech he gave last night, west virginia, not manhattan. these are people who normally would be prey to all this demagoguery. david: that's a good point. >> he said lower business tax rates, we'll create more jobs and better-paying jobs. david: they cheered and get it. the american people take it. he will take a page what ronald reagan did. go over capitol hill to create pressure from capitol hill. david: group that doesn't get it, those democrats by chuck schumer, came out with their manifesto. we'll only agree to some bipartisan tax plan, if you raise taxes keep government spending going on.

>> when they said manifesto, the only thing missing was beginning, marx manifesto. david: they have created a vacuum, nothing new, at least schumer democrats. this gives a chance for the president, makes it directly to people, it is your money, it is not the government's? >> he should make the point. people like schumer think every dollar you earn is the government. whatever you're allowed to keep is a gift from washington. no, the exact opposite. you hit something very good there, schumer democrats. put a label. good democrats can say i'm not a schumer democrat. a john kennedy democrat. david: or you're a manchin democrat. joe manchin was in west virginia. he was proud and pleased to have donald trump there. even though he is from a different party. he did not sign the schumer manifesto. so there is, there does seem a little bit of a rebellion going on among democrats. >> democrats who want to govern again, absolutely. they realize, going far, far

left stuff, look at venezuela. you want that for the united states? not good. david: let me turn to the story of the day, at least the story of the hour, the one we're focusing on, the cover of latest "newsweek." it accuses the president of being lazy. you can accuse trump of a lot of things but lazy? >> if there is a lazy boy award goes to republicans in congress not getting big stuff done this year. trump, he doesn't sleep. that is why we have 4:00 a.m. tweets. david: he sleeps three or four hours a night. he is about to take a vacation. what that vacation means he moves the white house from inside the beltway to a place not far from where you live where he will not be playing golf or sitting on his rear end. >> he is guy that goes crazy if he is not busy. you can criticize him for this, that the other thing but lazy he is not. david: bad week for the press.

"newsweek" with this absurd cover that is so ridiculous. jim acosta, from cnn chaosing the white house on things easily disproved about immigration, showing their ignorance about many things, is the press going to catch on to the fact that they are, their reputation is pretty much barreling there along with the congress's reputation which is about 10% approval right now? >> on a good day. david: yeah. >> no, i don't think it will change until after next year's elections. let's fantasize for a moment. get big tax cut through, economy really moves upward, republicans do fairly well in the lex r elections. only then will press and democrat say we have to relook at this. david: rush limbaugh has a theory that the impulse of the liberal movement right now is not coming from the democratic party as much as it is coming from the press itself. that is the press, it is not democrat, the press following democrats. it is democrats following the leads of the press. what do you think of that

theory? >> i think far left and press feeding off of each other, extreme of the democratic party which had gone into eclipse under bill clinton. now they're coming back with avenge against. went far, far left. that is why this marxist manifesto came out. schumer was only thing he was missing was marx's beard. when they have that stale stuff, again elections are wake up calls. david: we'll see what happens. steve forbes, great to see you. see steve forbes again, steve and me every weekend "forbes on fox," saturday morning 11:00 a.m. eastern time on fox news channel. fox business has it on sunday at 7:00 a.m. you can see it on both channels. melissa. melissa: we never miss it. my whole entire phamly, we watch you guys. call it a matter, not an investigation. new evidence that the fbi lied about that unplanned and private meeting between bill clinton and former attorney general loretta lynch. plus if you thought you were

uncomfortable getting on a plane, wait until you see how our luggage is being treated. oh, boy. ♪ potsch: you each drive a ford pickup, right? (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. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing)

david: the media remains fixated on russia probe which has yet to identify a specific crime but same media are avoiding like the plague a couple other developments where clear crimes are indicated. first there is the meetings on the tarmac between then attorney general loretta lynch with bill clinton whose wife handling of top secret materials was being investigated at the time by her department of justice and the fbi. well, now, documents related to that tarmac meeting have been found despite the fbi previously saying they had no documents related to the meeting. joining us former prosecutor, election law and business litigation, david depietro good to see you. >> good afternoon. david: we found out that the

comey fbi lied. they said they had none of this information when in fact there was a lot of this information. of course a lot of it has been redacted so we don't know what is in it, right? >> the american people should be absolutely disgusted what is going on in this investigation. the department of justice, the agency in charge with enforcing the laws goes into immediate cover-up mode, giving talking points, working with the media or liberal media i should say how they will spin the story and minimize what is actually going to come out from a newsstand point. david: we should just say by the way the specific crime we were talking about, which hasn't been outlined at all with regard to the russia investigation, here it would be obstruction of justice. was there any move by the former president to obstruct an investigation into his wife? >> not only, not only the former president, but let's look at people working in the department of justice now, higher-ups, no name people for purposes of the

media, the people we don't know pulling the strings in the background, all these people involved in this cover-up and these talking points that were given to the media, if they're not fired already, they should be thrown out today. i don't know why they're still in this organization that is in charge with enforcing laws of our nation. david: i don't know either. i have to ask you quickly, last point on this, the redacted files that the fbi finally did release under the trump administration, can we get them unhe redacted? >> thank god for judges, right? it was a judge that initially turned over the information. i understand the moving party requested the information is going back to court to get information. kudos for the judge enforcing the law, having transparency in our government. david: david move on to another scandal. somebody has been arrested, being ignored by the press, former i.t. guy, who kimberly

strassel at "wall street journal," from what we already know, tale of massive government incompetence allowed a family of accused swindlers to bilge federal taxpayers out of millions and even put national secrets at risk. i can't believe the media dismissing, "the new york times" essentially said there is is no story there. this guy had access to most secretive information available in the whole senate intel community. >> boy, oh, boy, isn't debbie wasserman schultz having a really bad year. we have wikileaks and all the scandal behind the dnc. now we have her poor judgment again, keeping a fraudster in her organization whose family members made over $5 million in salaries from connections to the democratic party. somebody actually lives in broward county, in fort lauderdale, this is troubling to not only myself but other folks in the community. it is really time for debbie wasserman schultz to have good

unjudgment and do the right thing, stop saying you did the right thing. david: there is also a foreign connection because apparently pakistan, some bank in pakistan, there are a lot of corrupt banks in pakistan, bcci comes to mind, but there is a banking institution in pakistan has a relationship with the federal credit union, the most important federal union in the united states of america and that is because of this guy. she claims she didn't fire him because she was worried about anti-muslim bias? that is ridiculous. >> she was worried about due process as well. she fought hard that the laptop police were, took to investigate these crimes, she was threatening these law enforcement officers to return the laptop or there would be repercussions? is that not obstruction of justice? david: you're looking for some scandal here to we just mentioned. david, great to see you. thank you very much. appreciate it. melissa. >> thank you. melissa: another pr disaster for the airline industry.

three baggage handlers fired, this after footage showed workers throwing mishandling passengers luggage. i assumed this is how it worked. i'm not surprised. workers were unloading a virgin atlantic flight in orlando international airport when video was taken. virgin atlantic responding. we're disappointed seeing footage, we are investigating to insure this doesn't happen again. you saw where i put the emphasis. we're disappointed at footage. david: skeptical laugh only melissa francis has. you don't have to say anything beyond that laugh. it's a great cynical laugh. melissa: yeah. david: there is another thing, maybe you can't laugh about it, you laugh or cry. the obamacare lie. how the government misled americans about health care costs under the affordable care act. ♪ ♪

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david: breaking news. the white house submitting its notification of intent to formally pull out of the paris climate accord. let's go to our own blake burman at the white house. we knew it was coming but now it is official. reporter: david, this is the formality from the trump administration as it relates to the paris climate agreement. june 1st, the made announcement he would with draw from the agreement brokered by the obama administration. official notification by the state department to the united nations. one big piece of news from it, the administration says that the president is still open potentially to negotiations, quoting from the, from the notification, they say of the president, quote, he is open to re-engaging in the paris agreement if united states identifies terms more favorable to its businesses, its workers, its people and its taxpayers, end quote. here at white house today the president spoke with emannuel

macron, leader of france, presumably, david to give him heads up of this official notification. david: i guess they're friends. melissa. melissa: lying about the cost of care. the obama administration misled americans to believe that the cost of obamacare would be cheaper than it actually was. i know that is shocking to you out there in the audience. this is according to a new inspector general report. here now, paul howard, manhattan institute senior fellow and director of health policy. i don't know what is more outrageous, the fact this happened, the fact the inspector general is investigating something so obviously happened. i guess you need him to put a stamp on it to say, i don't know, save me from this. >> the obama administration had already done everything it could to present obamacare in best possible light, delaying individual mandate, delaying employer mandate, trying to save exchanges, but we're in the position where costs are ballooning, insurers pulling

out, 19 counties might not have any plans whatsoever. melissa: latest plan, aetna is pulling out entirely in 2018. of course democrats will jump up and down saying this is fault of republicans for all this talk about pulling obamacare, so that's the reason why aetna is getting out. americans aren't stupid. they realize it is everybody's fault. this thing is disaster. one side may have created it. the other side didn't fix it. it is all a mess. what now? that this is straight business decision for aetna. melissa: yeah. >> we look $700 million in losses over two years. we're done. we were thinking of staying in nevada doing medicaid plan, they're pulling out. that is bottom line. companies are not al true is i can or political, saying what is the bottom line. in places they make money they will stay. if not they pull out. melissa: what is the solution. democrats listen to the solution, the solution, i love, cost sharing reduction payments. david just groaned over there, the jargon, the bs for transferring taxpayer dollars to

ininsurance companies which like you said, if they don't get more money they are not going to stay because they're not in business to lose money? i don't like that solution. we don't want to hand them more tax dollars. how do you fix it? >> i think pubs have to -- republicans have to get something because they don't have the votes they have to do something. see if you give freedom from the high cost, high regulations. on other hand, are there enough democrats who would come along with short certain stabilization. melissa: no. they're all idiots. they're like a bunch of cats wandering around congress meowing at each other. they're useless. get rid of them out of the equation, look at it from the point of view. you have price, you have executive order and how much can you achieve with those two? i feel like they're down to that as only option? >> you have something in obamacare called the 1332 waiver, state innovation

waivers. allow states to waive individual mandate, employer mandate, cost sharing. >> is that real? why don't we do that? we want a clean way? >> more flexibility. these things say you have to offer coverage as many people and as comprehensive. states want to say look, tailor it to individual populations. you have to get plans more affordable nor younger healthier enrollees. there is chicken and egg problem. melissa: i know, but is it kooky talk that price could get together with president trump executive order and attack it, at least do something? >> yes. because in places where maybe you have only got one plan, where insurance rates are skyrocketing that is emergency situation. melissa: yeah. >> there is flexibility, pilot programs. use executive regulatory authority you have got, work with states to fix it. melissa: it is not pretty, but i don't see any other choice. thank you. david. david: the lazy boy in chief, the way "newsweek" is describing the president.

we'll give you a chance to describe "newsweek," next. ♪ . poor mouth breather.

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>> a new low for the mainstream media. and i know that's a lot. that's really saying a lot. this is "newsweek" cover which is dubbing president trump as a lazy boy, showing him in a recliner with fast food and cheetos. we asked to you weigh in. >> jerry tweets -- . >> charles in lafayette, louisiana -- i like that. >> that is a good one, jay hudson writes --

>> keep the conversation going on our twitter account, "after the bell," melissa a. francis, david asman has one as well. we love it. and thank you to our beloved josh patch. come in, come in! he's going to a dairy farm! here's "risk & reward." liz: the notorious poster boy of drug company greed, martin shkreli, found guilty of securities fraud. he faces a long time behind bars. >> this was a witch-hunt of epic proportions, and maybe they found one or two broomsticks. but at the end of the day, acquitted of the most important charge was the case, and i'm delighted to report that. liz: welcome to "risk & reward" i'm elizabeth mcdonald in for deirdre bolton. happening now, president trump arriving at the airport in new jersey. the president is heading to