rock, i have to tell you. [closing bell rings] 14 seconds left until the end of the session. that will do it for the ""claman countdown"." after the bell is stand standing by. guys? melissa: release of fisa memo. shocks getting slammed in final moments of trading. the dow tumbling 700 points. 2 1/2%, biggest drop since "brexit" of june of 2016. nasdaq tumbling under 2%. all three major averages also logging their worst week in two years. i'm melissa francis. >> the best we can say it doesn't positive pop 700. looks like it is settling 677 points to the downside on the dow. i'm david asman. very important friday on after the bell. we have you covered on everything. go straight to nicole petallides on floor of the stocks exchange.

nicole, what is fueling the selloff? >> we were down almost 700 points. biggest selloff for stocks we've seen for stocks since 2016. traders are taking this one in stride. tough to stomach a 2 1/2% selloff on washington. that being said, the dow is weighed down by many energy names, exxon, chevron, that missed on their profits. all 30 dow stocks going into the closing bell are down. energy taking a break. we're still up 37% since the election. traders are okay with a little bit of a pullback. apple is an interesting one. it is now in correction territory, closing at 160.37. that means 10% off its recent highs. so the january 18 close of 179.26. we're more than 10% beneath that. netflix is in pullback

territory. not quite correction territory. what is happening? great jobs report, 200,000 added. 4.1% number. this is all great, with wage growth and treasury yields on the rise, 2.842% as the bond. equities are selling it off and we're seeing inverse relationship all week long. so this is the worst week we have seen for stocks in two years. the dow down 4%. obviously for that week. and you can see we are selling off for the week. 3 1/2, 4% for stocks overall. but again traders taking this in stride. we knew they wouldn't buy in the last half hour with the memo floating around. they will wait until next week. we had inverse relationship bonds rising. great jobs report. david: the jobs report had a stuff about inflation. inflation had a lot to do with.

nicole, thank you very. melissa. melissa: bright spot for american workers, the u.s. economy adding 200,000 jobs. wage growth at the strongest pace since the recession. we have carol roth, steve forbes and jack hough. steve, start with you, if we look at economic concerns, nicole lined up, yield curve, big move in 10-year treasurys. but also atlanta fed coming out with gpp growth estimate topping 5%, doubling consensus. pick out the wage growth number, 2.9%, almost three, that is a big number. all those things together show some inflation. that is lot what is speaking the market. what is your take on that. >> this is stupidity of economic

theory that prevails at the federal reserve. that. they should leave the economy alone. as wages go up, companies find way to be more productive. brings people in the work place. prosperity does not cause inflation. government should stay out of the way but that is what the markets is worried about. you had a great jobs report. market looking to the future that the fed may gum up the works. melissa: carol, i hear that with regard to the fed but if you look at the wage growth in that number, 2.9%, that is a big jump. also commodity prices. when you talk to people making things out there they say the price of inputs have gone up dramatically, what do you think? >> i think the challenge for investors that central banks have giveth and giveth and giveth and created the market we have today and the concern when you do see inflation and do see rises in interest rates that could take a large part of that away. so it is no surprise to me on a day like today, when you're seeing that we are getting great

wage growth, there is concern maybe the fed, despite what we heard a few days ago could bump up, raise maybe four times this year. that is the kind of stuff that spooks investors, get as day like today. the good news historically they have been able to digest that. melissa: yeah. >> certainly on friday afternoon they will not digest that hopefully going into next week they will. melissa: jack, that is the flip side, that could be temporary thing. jitters from the fed. since inauguration day from election day, we're up 36%. trying to keep track of the act numbers. it's a big jump. this could be profit-taking, jack, what do you think? >> if 600 point dow that happens benign or favorable reasons we've seen it today. as steve said, great wage growth. people think the fed might hike rates faster, they are concerned about that we're saying all the gains gone to the investing close class, not enough for

works challenge. we're seeing opposite of that. melissa: steve, that was pretty smart. i can't find anything wrong with what jack said. >> we're on the same wavelength so we're both geniuses today. the fact of the matter good economy is good thing. the federal reserve so stand aside. melissa: i will hand it over the david. >> what a smart and feel-food discussion. the bombshell memo is out. president trump clearing release of the nunez memo, detailing alleged abuses and biases at fbi and department of justice. our own blake burman live at the white house with the very latest. blake? reporter: david this 3 1/2 page memo says that the dossier prepared for by christopher steele which was paid for by the democratic national committee and hillary clinton campaign was used by the department of justice an the fbi to go to the fisa court, get a warrant and -- one time trump campaign advisor

carter page n that memo it says, and i quote, deputy director mccabe testified before the committee in december 2017 that no surveillance warrant would have been sought from the fisc, the court, without the steele dossier information. it also goes on to say that steele himself had it out for the president saying, he was quote desperate that donald trump not get elected and was passionate about him not being president. speak of the president, here was president trump commenting on this earlier today from the white house. >> it's a disgrace what is happening in our country. when you look at that and you see that and so many other things, what is going on, a lot of people should be ashamed of themselves. reporter: democrats have called this memo a sham. the top democrat on the house intelligence committee adam schiff saying following, quote, the premise of the nunez memo that the fbi and doj corruptly sought a fisa warrant on former trump advisor carter page and deliberately misled the court as

part of systemic abuse of the fisa process. as the minority memo makes clear, none of this is true. that minority memo, the democrats have a memo of their own, that they want released. the republicans, some of them at least are starting to back the idea of letting this memo be released though it would have to go through the same process voted on by the house intelligence committee, there are more republicans and democrats and come here to the white house for the president to sign off on. press secretary sarah sanders opened up the door the possibility of the white house entertaining this memo saying the following quote, minority members of the committee reportedly drafted a second memorandum. the administration stands ready to work with congress of oversight requests consistent with applicable standards with the need to protect intelligence sources and methods. the bottom line. the republicans put theirs out. democrats want theirs to see the light of day. this just the beginning, david and medical list say it is

indeed. there is question, whether americans as i believe deserve to see the underlying intel who is telling the truth. whether the actual fisa warrant says what republicans say it says or what democrats say. we'll see what else comes out, blake, thank you very much. here with a lot more analysis on the house intel memo, judge andrew napolitano. he is a fox news senior judicial analyst. judge, you said yesterday, i'm quoting from the headline of a terrific article you wrote, if the gop memo is as advertised we will see the deep state at its most frightening. have we seen that? >> i don't think it is at its most frightening now, david, because i don't think that the memo was quite as advertised, however, this is a problem when you have a court that meets in secret, so there is no press to scrutinize it, there is no adversary to challenge it. they put lipstick on a pig.

they took a partisan political hack job and couched it in the appearance of being sophisticated, corroborated intelligence, presented it to a judge. nobody was there to challenge it. the judge went along with it and signed a fisa warrant. david: judge, that alone to me is a bombshell. why is it not to you? >> because i don't think it will interfere with the bob mueller investigation and it really doesn't have anything to do with it. david: but why do the two have to be part of the same process? why can't they go separately? >> i don't understand the question? david: the point is what we have discovered as a result of this memo, as a result of fisa warrants based on highly partisan smear jobs without telling the fisa court the origin of the trump does a, that is something that needs to be investigated on its own no matter what mr. mueller does. >> absolutely, absolutely. this should call for and result

in an investigation with the entire fisa system. what kind of a court grants, write these numbers down, 99.997 of all applications before it. it is just unbelievable. it is a rubberstamp of the intelligence community. no matter how intelligent a judge may be, when there is nobody there to challenge the documents that fbi agents and other intelligence officials are presented to the judge, this is with you end up with. david: but on top of that, you make a terrific point as you always have about the fisa courts, frayingly i came along at a late time in agreeing with you on this, first after 9/11 i was much more favorable to fisa courts. i am much less so as i can see how they could be politicized as you always said they would but on top of that you have virulently anti-trump people at the doj and the fbi. we know how anti-trpum they re. they wanted to kpresident trumout of the whiteouse,

they came to the fisa crt with a political hit job, pd for by th dnc and hillary committee and they didot informer came from. isn't that illegal? >> yes, it is. it is unethical for aawyer to do that and it i iegal, mateally to mislead theourt. if you prese half o a document to a courtnd claim its the whole document, or if you present something that is a political hit job and claim it is the result of serious, corroborated intel and the court buys that, you have committed a fraud on the court. david: one of the people, we're running out of time, one of the people who signed at least one of those fisa warrants was rod rosenstein. if rod rosenstein was aware of the origin of the trump dossier, came from the dnc, it was a political hit job, if he was aware of the origin and did not disclose that to the fisa court, should he be removed from

office? >> i can't answer that because i don't know what rosenstein knew. the first fisa warrant is one clearly unlawful, but the second, third and fourth may very well have been based on what they learned from surveilling page and people to whom he was speaking. i don't know that but i will give you the answer i think you want. if the fourth request for warrant, the one signed by rosenstein was based on the same garbage as the first, and rosenstein knew that, he not only has to be removed from office, he last to lose his license to practice law. david: wow. judge andrew napolitano, thank you so much. we appreciate it. melissa: wall street whacked. the dow tumbling nearly 600 points here, more than 600 points. 665 points. it is the biggest drop since "brexit." contributing to the worth week in two years. take you back to the stock exchange, to speak to a trader where stocks go from here. david: of course fueling some of

today's selloff, fears of more rate hikes because the economy is stronger, inflation going up. unemployment at 17-year low. wages are growing, in fact the most growth in the eight 1/2 years, but head of dnc, tom perez, president trump can't take any credit for what he inhitinheritted from president obama. steve forbes on that. melissa: showing alleged abuses from members of the trump team, we'll get inside scoop from member of house intelligence committee. arkansas congressman rick crawford, is next. >> the president is taking time this week, legal counsel, national security counsel, anyone else involved in the review process has had their time to diligently and thoroughly review the document. so from the two trucks over here...

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david: stocks tumbling today. the dow ended up down 660 points. tim, i am wondering about sunday night. a lot of viewers tune in to switch from the super bowl to see what the futures are doing on sunday. what do you think happens then? >> people will be checking that. very early trading on futures on sunday night, overnight after a day like this is something really only serious professionals should follow because so many times that gets reversed by the opening on monday and it's really an adults only event. david: got to say, remember election night. that is the only warning there. the futures were down tremendously. of course it improved

tremendously once the news sunk in. what do you think happens on monday? >> look, we're, we closed very, very close to a 50% retracement from where the s&p closed at the end of 2017, to the all-time high. hard to believe it was only a week ago. so, this is kind of a key level right here. if we continue to sell off a little bit, the big rally in the market really started in mid-november, the lag big leg up, started in mid-november. that is when all of a sudden, it became, it went from 20% chance to 80% chance that the tax reform package was going to pass. from the mid-november left, if we had 50% retracement that would take us to about 2700. now i'm not going to predict what's going to happen monday morning, but if we open lower, that 2700 level, i got to think a lot of buyers are coming in at least test the water and buy

some stock. david: yeah. >> that they think, maybe earnings have already come out and they don't think they're most subject to be additional selling next week. david: all right, tim. let's hope you're right. let's hope it doesn't tank. appreciate you coming in. enjoy the super bowl. thanks very much. melissa. >> thank you. melissa: the controversial memo is out. former fbi director james comey responding to the bombshell release on twitter, quote, that's it? dishonest and misleading memo wrecked the house intel committee, destroyed trust with the intelligence community, damaged relationship with fisa court and incluesably ex-exposed classified investigation of an american citizen. for what? doj and fbi must keep doing their jobs. we have congressman rick crawford, house intelligence committee member. you heard it there. the memo wrecked your committee. do you agree with him?

>> not at all. we continue to do our work. i find it curious former director comey would take to twitter when president trump is constantly maligned for his use of twitter. maybe mr. comey ought to scale back his twitter use and do something more productive. melissa: let me ask you. this is part of the memo everyone is seizing on the most. it is item 4. deputy director mccabe testified before the committee in december 2017 that no surveillance warrant would have been sought from the fic, the fisa court without the steele document information. did he say that? >> we have to go back and look at the transcript to find out if that in fact was have you ever ever -- verbatim. the indication we got the steele dossier was basis for issuing of that warrant. whether or not they received the dossier directly i'm not sure but we know the media had some role in that, the steel dossier

was pitched to yahoo! news. if they used yahoo! news as basis for that that is worse. the point the warrant was issued. there are questions there. we have to consider that and our role in the ongoing investigation. melissa: one of the big questions right now, what did they think of the memo, and what did they say about it when they presented it to fisa court on that camcation? do you have any idea? >> that is a good question. melissa: because they're saying, the memo represents that they never told the fisa court that it was put together by opo research, that it was the fbi had paid for it, you know, that we don't know at what period if this was before or after he had been fired or if they knew it was discredited but at the very least didn't represent that this was opo research paid for by hillary clinton and the dnc. is that your understanding, and have you guys seen any of those documents, do you think we will? >> well that's the big problem is that do we have a transcript

or any kind of memorialization of that procedure or that transaction that took place in the fiz sachs in the requests, in the request for fisa warrant? we don't know. is it appropriate for us to be having this conversation? i think yes. if you're looking at what the evidence suggests is that they decided to ask for a warrant based on information that wasn't properly vetted from a source that was questionable, and then asked the fisa court to go ahead and issue that warrant, not only once, but reauthorized it multiple times and several people as the memo reflects, were party to that reauthorization over, over at least two or rather three reauthorizations. there is a whole lot of questions there have yet to be answered but at the very least right now what we need to do is pull back the curtain a little bit, hey, u.s. citizens we want to protect you, and look, i don't care what federal agency it is, the congress of the

united states has a mandate. melissa: yeah. >> that mandate is oversight of federal agencies. now -- melissa: we're running out of time, in 30 seconds have you guys asked for the fisa application to see that document specifically? >> well, i don't know the answer to that question but i do know that every time we've asked for help from doj and fbi with documents, going back to march, we were stonewalled, end up having to issue a subpoena. then we were end-runed to go around the speaker to try to get us to scale back on that. melissa: okay. >> we've got problems there but we need to work on. >> congressman rick crawford, thank you for pursuing this. we'll see, maybe they have to put up the documents now that everybody is asking about it. thank you, sir. have a good weekend. david: you know who could release the fisa application? president trump. he has the authority to do that. so perhaps he will. giving credit where credit is due, the economy is booming unpresident trump so why are some people thanking former

president obama for the success? melissa: we just saw our paycheck increase this week thanks to tax reform, but could tax rates get even lower? president trump is suggesting just that. steve forbes is here on all of this just after the break. >> the president is always trying to deliver for the american workers, the american public. we would really like to make the individual side of tax reform permanent. ♪ thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms... again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management.

david: the tax cut kick-starting investment and boosting your paycheck, just wait, according to the president, there is a lot more to come. take a listen. >> we signed into law the biggest tax cuts and reforms in american history. maybe we'll do a phase two, i don't know. we'll do a phase two. we will get them even lower. david: steve forbes is back to react. that was offhand comment, gary

cohn said same thing, says you have been suggesting that for weeks. >> yes, gives people something to look forward to. they're beginning to experience things of this tax cut, keeping more, most people of the pay. the economy has a little bit of drive. you never know from the market today. the economy had a good jobs report. you more to come. if you like the meal, we'll have more for you. smart politics. david: we're saying with the problem with the tax reform there wasn't enough kick for individuals, bringing down the top marginal rate, so affects startup of businesses in america. it was so successful in the 190s, to make tax cuts permanent on individual side but more importantly bring the top rate down even more. >> bring the top rate down an end confusion about so-called partnerships, pass-throughs, what businesses are organized as. very complicated. simplify it. slash the rate, make it simple, be done with it. do something for more

individuals. how about social security, taking away first two or three points of that tax. keep more what we earn. even if you're not paying income tax you will still get a raise. good stuff like that. david: we were talking in the commercial break, what we like about this, starting in the white house. usually when congress starts something it goes through committee after committee. we saw the debacle with the health care thing, when it starts in the white house, this white house, you might not like the direction they're going, you have to admit they're quick, they get something together quickly and know haw -- how to put it in action f they start the process, could they see phase two by end of this year? >> they have something campaign on, if we keep the house here is more good stuff coming your way. spell out some of the good stuff. people like good stuff in the future. david: despite all the good stuff we've seen so far with bonuses and pay raises and money apparently coming back in for investment, tom perez, the leader of the d in c, came out

with a comment who deserves credit for all of this. donald trump continues to take credit for the strong economy. he inherited from president obama. we should be building an economy works for all, not rigging it to serve the rich. they're looking towards november with this kind of talk. do you think it will get anywhere? >> it's a broken record. when people actually see good things happening they will wonder, where is that are rhetoric? what world are they living in? what bubble are they in? they're worried about the far left of their party. most people are concerned about can we move ahead. if they see themselves moving ahead, they will ignore tom perez. i'm surprised he didn't use any swear words. people want to look to the future, not rhetoric from washington. david: the bottom line with the obama era, it was consistently slow. look at it year after year after year, there wasn't one year above 3%. most of the time it was in the 2 1/2% range. a couple of years it was 1 1/2%. so how can they claim suddenly it did something in 2017, the

economy, that is, grew by such a much bigger percentage than it was used to growing in the obama administration, without something changing, and the only thing that really changed was the presidency? >> eight years after bad coach, suddenly get a new coach, the team does well, so the old coach takes credit for it. not going to sell. david: steve forbes, good to see you, my friend. happy super bowl. melissa. melissa: good analogy. all the major averages ending the week in the red. dow ending down more than 4%, the biggest weekly decline since october of 2008. for the s&p and nasdaq, it is the worst since 2016. david: potential threat to our democracy, the bombshell memo is out. republicans say it shows serious violations of public trust while a lot of democrats are calling it a sham. bill mcgurn, "wall street journal" columnist, sounding off about this coming up.

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what is going on in this country, i think it's a disgrace. the memo was sent to congress. it was declassified. congress will do whatever they are going to do but i think it's a disgrace what is happening in our country. when you look at that and see that and so many other things, what's going on, a lot of people should be ashamed of themselves and much worse than that. melissa: i don't think he likes it. house democrats now saying they plan on releasing a memo of their own on monday. so there. joining me now to discuss all of this, and how that could complicate things even further is bob cusack, "the hill" editor-in-chief, and doug schoen, former clinton pollster, fox news contributor. it has been an exciting day. to say the very least. this is the part of the memo, just in case our audience forgot that everybody is really fired up, end of point number four, deputy director mccabe testified before the committee in 2017 that no surveillance warrant would have been sought from the fifc, which is the fisa court, without the steele

dossier information. you heard, i asked a member of house intelligence committee before this, did he say exactly that? he said he has to go back and look, he doesn't know if those are the exact word, what do you think? >> this raise as ton of questions why. you have this process where it is secret, behind closed doors, but you have the fisa court looking out for american civil liberties. why didn't apparently according to the memo, all the information about the dossier, it was paid for by hillary clinton's campaign why was that not revealed to the court. it raises questions. may be answers to them but what are the answers? >> we have to get the democratic response out. democrats say it is misleading not fully reflective out of the facts. let's get out and have debate and dialogue from both sides. melissa: let me read a little bit of the democratic response to illustrate you said. it is not accurate to fbi didn't make the fisa court aware likely political motivation behind those who were funding christopher steele es work.

i can't go into what the application did say but it is misleading to say to suggest that the court had no idea there was a political motivation involved. >> well, again -- melissa: we got to see it. this is more memo, where are they getting that from? i want to see the fisa application. >> this raises question after question after question. i'm befuddled. the other thing i will say, carter page wasn't exactly a you know, key actor in any of this. so i'm really totally befuddled about everything. melissa: yeah. >> him, the applications, the dossier, all of it. melissa: yeah. i mean really now all it has brought us to, we'll now see another memo. we'll have questions about that i want to see the fisa court application. we need transcript of the intel committee if he really said this are we getting any of those documents? will they raise more questions and want more documents? i feel like this is a bad move any not ending at any point in time. david: i agree. remember the justice department ig is looking into the james

comey investigation of the whole clinton email. melissa: thank god. more investigations. >> more investigations on that. as far as the underlying intel, we'll never see that i don't think. melissa: really? doug, what this comes down to, rather than trying to extrapolate out whether or not this discredits the mueller investigation i would like to boil it down, just if you have law enforcement officials going before a court and using something that is questionable, that isn't genuine or not representing what it is in order to spy on other americans, i really don't like that idea. that is really dangerous. >> i don't like any of this, melissa. melissa: no. >> i don't like a court that operates in secret without any cross-examination, nothing seen the light of day. we have real problems. i also, you allowed to what i i want to see, inspector general mr. horowitz's report because there are problems after problems in law enforcement, the fbi, and justice department. we have got to get to the bottom

of it. melissa: i heard david over there in the peanut gallery, he wants to see that too. what about you? >> chris wray, head of fbi read some ig report and said to mccabe, maybe you should go. melissa: that is another big part of it. >> that is an indication that the report will be critical of mccabe. melissa: this has brought a whole bunch more questions. >> that's right. what we do know it is as bad as we thought it could be, maybe worse. melissa: terrific. that and market, hey, happy friday, everyone. >> exactly. melissa: thank you, bob cusack, doug schoen. >> thank you. david: that last word was from a democrat, for the record. >> an american patriot. david: american patriot. right on, doug. we love both you guys. you're the best. a massive selloff going on wall street. will it continue? this the is worst week for the dow in nine years. what you need before the opening bell on monday. ♪

melissa: the president arriving at joint base andrews. the president an first lady will depart shortly for palm beach, florida. david: i bet he is glad to get out of that beltway swamp today. dow tumbling 665 points, more than 2 1/2%. this is the biggest drop since "brexit" in june of 2016. now for the week, the dow lost more than 1095 points, the worst point decline since october 2008. let's go back to nicole at the stock exchange. of course, nicole, it is in light of this huge 7,000 point rise, so you have to put it in perspective. >> oh, sure. when you talk about the election, from the election we're up 37% roughly. we already had a great 2018. so the trend continues. traders knew we had to have selling. they're not surprised to see 2 1/2% selloff today. we saw all 30 dow components to the downside.

we saw tech stocks, apple in 10% correction mode now from its record high in the middle of january, right? that is okay. it is down at seven bucks, at 156.50. no one wants to hear it is okay. if you loved it before you will really love it here. netflix squeezed out a gain. they're down roughly 5% from the recent highs. energy is under pressure. across the board selling happened. they didn't say they wanted to buy in the last hour of trading. nobody wanted to touch it. for the week we saw chevron down 9.6%. energy was a big selloff, 1 1/2 year lows. dupont down over 7% each. united health on story of amazon. jpmorgan, lots of different stories, as rising yields happen we saw equities selling off. we got a great jobs report. interestingly enough, black monday we sold off 508 points. that is less points than what we got now. today we sold off just over 2%.

on that day it was 22 1/2%. so when you talk about percentages, versus points. david: you have professor irwin cory behind. >> they call him nyse ion steen. melissa: he is nyse ion steen. look at that. david: have a wonderful weekend. the great to see you. melissa: wait for republican memo. it is now over, the bias after the fbi against president trump. democrats are pushing to release their own memo with their side of the story. seems only fair. bill mcgurn sounding off next.

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david: a threat to democracy? if accurate the gop house intel memo documents the fbi and our judicial system being used to carry out a partisan political witch-hunt s is something totally repugnant to our democracy and rule of law. how do we fix this? we have "wall street journal" columnist bill mcgurn. you have been around a while. you worked at the white house. your dad was an fbi agent. you have skin in the game literally. of. >> right. david: were you shocked what you heard today? >> i wasn't shocked but i expected it but the charges are very serious. fundamentally boils down to the fbi used a piece of opposition research to spy on a member of the opposing candidate's campaign. i think that's -- david: it wasn't just the fbi that did it.

it was specifically individuals within the fbi whose anti-trump fervor has been documented by a whole serious of emails and texts. >> they knew some of this information came from mrs. clinton and so forth and in the application for the warrant they omitted it from the judge. just because it's a piece of opposition research doesn't mean it is not true, but if a judge is going to evaluate it fairly are or she would want to know where it came from and that was missing. it just raises all sorts of troubling questions. it is one thing for a political candidate to be corrupt. it is another thing with people in the primary law enforcement organization of the country. david: it has happened before. >> yes. david: we have to point that out. a lot of people think to the founder, one of the founders of fbi, j. edgar hoover, there were times he abused his authority and his power. other times in the history of the fbi had to be held in check. how do you do that?

how do you hold it back to make sure something like this doesn't happen? >> i think we need someone to clean up the fbi. looks like it is confined to a few people at the headquarters, not the vast majority of agents. i would pick an agent in charge in some large city in america who has honest reputation, and put them in, because, look, peter strzok was removed from the investigation by bob mueller, before we knew all this stuff. i mean it was so bad that he removed him. david: that's right. >> from this kind of stuff. the fbi has been fighting this i hope director wray would be -- david: that is strzok on the screen and his girlfriend lisa page, who was an fbi lawyer. >> i hope the new fbi director would be an improvement but he worries me, in his hearings he said he couldn't give information to congress because it is classified. david: right. >> not seeming to recognize they're accountable through we the people to congress. he didn't comply with the

subpoenas until threatened with contempt. now he has taken this rear guard action, including statements criticizing in public the fbi, congress which again gets accountability backwards. david: what about mr. rosen stein? he is not at fbi. he is at the justice department. he is the second man after the attorney general. if in fact he knew that the trump dossier was just a political hit job on trump, and he did not share that information with the fisa court and yet signed off on the warrant, should he resign? >> there's a lot of questions there. i would like to wait and see. this is just the beginning. i think we need more information on the fisa warrants, the applications for it. we're also, a lot of these guys are going to be testifying before congress. so we're going to find out a lot. mr. mccabe testified without the dossier they would not have had a warrant. david: right, right. >> but the part about spying on another campaign under false

pretenses, the other part of a law enforcement agency misrepresenting information in a court -- david: did you hear what i said at the beginning it is repugnant to our rule -- >> it is terrible. we have a lot more questions. we have an ig report how the fbi handled the hillary investigation. it is the same people. david: we should see it all. bill? >> i like your tie. david: we're a like pair. melissa, over to you. melissa: president trump leaving washington to head to palm beach florida, to his mar-a-lago resort. before he left he went to the customs center in virginia. he told a the officials that his immigration plan is needed to protect the border and their jobs would be 100% easier with the right laws. david: some super bowl commercials are pretty outrageous. we'll show you ad made for the

super bowl that you won't see on sunday night but you will here. stay tuned. ♪ ...

melissa: is a dictator too controversial to the super bowl? >> north korea is totally unable aml bitcoin for two days and pakistan has no problems doing regular bitcoins. >> aml bitcoin. >> aml bitcoin is the only digital currency that can not be stolen. david: now that company claims that nbc will not accept the ad because it was too political and nbc denies the account saying it was never rejected because the company never made a buy. we don't review creative until a purchase is made. so who knows whose telling the truth but the fact is it was a fun video. melissa: it was a fun video and

they got it on the air anyway not during the super bowl but clever for them well done if it was fake news i'm impressed. david: are you going to watch the super bowl? melissa: you bet. david: my wife's making chicken. melissa: here is risk & rewards. >> we now know the facts of what happened. the democratic party hired the perkins law firm. the perkins law firm hired fusion gps. fusion gps hired christopher steel to go and dig up the dossier and then they hired nell ie ohr to get the fake dossier from a political environment into the bloodstream of the intelligence community and convert it into an intelligence document and what's most outrageous is this fake dossier was so unreliable that the way it was validated to the fisa court was a yahoo news article written by michael planted by christopher steel. liz: the dow plunging more than 665 points, its worse week in two years since