i've got to get this in. some airlines want to start charging passengers different prices based on who they are. it's all about their fine history. if you been on business class you're going to pay a lot more. if you're a loyal customer you will probably play pay a lot less. i've got four seconds before neil cavuto takes it away and makes a funny remark. >> no, no, that's a lot better than the airline to base it on your weight. [laughter] i always say to those guys, look, let's get this out of the way fast. >> stewart, thank you very much paired we are following a lot of developments including the market. it's a back-and-forth on interest rates. this was the same day the president was giving his respects to a leader who cut across all sides, all clinical viewpoints. this struck a nerve with a lot of people.

it was refreshing to see democrats talking with republicans, everyone being respectful of each other and their time and then they left. that is the battle now as they map out a busy day with the president on what to do with gun-control and the dustup he's having with his attorney general, again. the latest on all the above. hello blake. >> he's already held multiple sessions at the white house, first with the parents and students, teachers of marjorie stillman douglas high school and other it mass shootings. he was with the governor's earlier and finally around 3:00 p.m. it will be with the bipartisan group of lawmakers. ten republicans and democrats will sit down to continue this conversation of how to keep schools safe. among the participants are

cornyn and murphy. i think about those two because they are be behind the bill which is legislation being talked about that punishes governments who do not provide criminal records into the background check system. the white house supports this demo stop school violence act which would reauthorize a federal grant program that has gone on authorized for years that puts money into school systems to try to prevent violence within schools. earlier today the deveney press secretary said that the president still wants to see the report from stillman douglas, what happened but the white house will be making recommendation later this week. >> obviously failures exist, the audit continues and once we get that information the president will make recommendations. >> you mentioned jeff sessions

, a remarkable tweet from president trump earlier today, the back story on this, the attorney general had said earlier this week that his apartment would look into pfizer abuses but the department of justice inspector general is looking into it. not the attorney general or any lawyers within his department specifically. that caught the eye of the president who tweeted out why are they asking the inspector general to investigate pfizer abuse. it will take forever. have no prosecutorial power and late with reports on komi, et cetera. isn't the ig and obama die? by no justice department lawyers? disgraceful. a reminder, just sessions is the republican who was appointed by this very president. neil. >> do we know whether the president ever raises

personally with his attorney general or just got through last week. >> the president has been very vocal about just sessions recusing himself. there was a story in vanity fair, or one of the outlets about how sessions had quit which had been widely put out there. i don't know on this exact. se but the documents in this relationship being tenuous at best has been out there for quite some time. tweets like this don't further any speculation as to how these two king will exist for a long time going forward. >> i wonder. thank you. that is the story i really wanted to discuss. this drama is really showing no sign of ending. if i am jeff sessions, abi just walk out. i've been humiliated by the president maybe for justifiable reasons, maybe

they started out on the wrong foot with the recusal and everything has gone from bad to worse. what does this mean? what happens if jeff sessions were to up and leave? >> let's go to wall street journal editor and host dineen bradley. there has to be a great deal of tolerance or maybe craziness for jeff sessions to say he's clearly not loved by the president, in fact he is continually attacked by the president and why doesn't he leap. >> that's a good question. he seems to be trying to stick out by working with the present. there have been a number of individuals who left the administration for whatever reason, but there are a lot of questions in terms of what is he doing behind the scenes and perhaps we don't really know everything that's going on, hopefully we will soon at some point, but that is a big question to ask.

>> he must really want this job because he has been humiliated day in and day out and maybe for perfectly valid reasons although there might be reasons to handle personnel disputes. where is this going to mark. >> if you are tweeting that about me, i would have second thoughts. >> you're lucky i don't know how to treat. >> it does read like it's one of us tweeting about the attorney general, not the president of the united states. he's making observations almost like he's an outsider. he is the guys boss. i guess this is taking the term managing out which we sometimes used to a whole new level but the only downside is if he is managing out his attorney general and he does leave, who succeed some? was that person that can get him or her through the senate at this time. >> nothing would be done this year for came to that. let's say he goes, wouldn't

rod rosenstein become the acting attorney general. >> that is one of the stories that continues to come up and it's very complicated and very tricky. we know the term constitutional crisis comes up a lot. were not sure this would actually constitute that. >> would an attorney general and his boss not being on the same page for so long, isn't that a potential. >> yes, and it's extremely messy. it's very messy and ugly. what we are seeing is there are some big stuff going on behind the scenes that we are not necessarily privy to and the president is expressing his frustration. >> to think he ever discusses his frustration in person? largely the president does not like personal confrontation which is kind of weird because he's a president known for saying you're fired in getting in people's faces. when you talk to people who

have worked for him, he doesn't like firing people in person or having confrontational conversations and he tends to go after them in this weird, roundabout, digital twitter way. >> that can't instill much loyalty. >> it's tough. from what i know and what i've read about the president, he wants to be successful for the country. he has put the hard-working men and women front and center. what he wants to do is) there was a lot of frustration. he doesn't have all of his cabinets filled so there's a lot of frustration. >> how can you get loyalty from your people if you're not loyal to those people? it works both ways. there are a lot of sound policies, he has a lot of good economic ideas, take the tax cuts, it could work but he is really hurting his reputation even working with fellow republicans who might just say, i don't want to get

caught here. >> it's going to come at some point all of this will create larger issues for the president not only for jeff sessions but if other people start to leave. it's always been the case that once you get team a, what happens to team bnc. they want to get in because they think will help their career down the road, but you're right about the loyalty part. i think the next issue for the president will be once people do leave whether it's cap no officials or white house advisors, they started to some degree but wants more people start to leave, replacing those people. >> you're right, but i could be missed gauging the sprint i think he wants sessions out. >> it sure seems like it. >> and now he isn't taking the hint. so he continues to get

publicly humiliated. switch it back to jeff sessions, i know he's always wanted this job, but why does he keep putting up with that? he could have his pic of other jobs. he could run for senate again. so what keeps him in? >> we we know he has always wanted this job but he might also be taking a stand against this president. we've seen others do the spread when the president wanted them out they said fire me. i'm not leaving until you fire me. he could be daring trump to fire him and i also think there's some legal implication because every time he goes after the justice department, we know the president is being investigated for obstruction of justice. if he's trying to taint the jury. >> see you think there's a method. >> anytime he tweets about anything related to the russian investigation there could be legal implications.

>> i'm not saying that would prove intent but it could play into the case, the pattern, the build up. >> if he were to fire him, really you've got the whole resist trump movement. they are not touting anything he has done positively. he's always on offense. he's always taken the media on as well. >> the same media that hated jeff sessions and then felt sympathetic for him now so i do see your point. it's twisted. in the end, do you think sessions survives the year? >> i think shelby's right. i think it will force, i think he would've left already if he was going to leave on his own. i think he would've left at that point in this seems to be the case where he says i'm the

attorney general in a minute do the best i can and if you want me out, fire me. >> we are getting some nasty e-mails including from a couple of you who said the never trump emerges. we say a lot of good things too. i'm for never being an awful human being. that's the only never i have. more after this.

but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪

right. dick's sporting goods is no longer going to sell assault style rifles in their store. what's going on here? >> three things they are doing, banning assault style firearm sales at the store, they started that after sandy hook and now extending to all store. they are raising the minimum age of any gun sale to 21. the federal threshold is 18 and the manning high-capacity magazine sales. in a lengthy statement they had this to say, we support and respect the second amendment and we recognize and appreciate the vast majority of gun owners are responsible

citizens but we have to help solve the problem in front of us. gun violence is an epidemic taking the lives of too many people including the brightest hope for the future of america, our kids. one question that has been brought up, is it legal for this company to say we are going to be in sales to people of a certain age and it's likely, according to greg we spoke too, that they will be sued, possibly with people saying this is discrimination against younger people. what is the possibility of winning and losing back a spirit he said there would be big questions including the idea of firearms are not a unique service offered by dicks, lots of other stores offer them and finally they are promoting public safety with their decision and that might be a compelling argument as well. i will mention we reached out to the nra. they have not gotten back to us. keep in mind, in new jersey, stores like this are the first line of defense for communities as people start talking about gun safety. back to you. >> thank you very much but i wanted to read on all this for republicans can, very good to have you. what you make of this retail decision to stop selling this

weapon. >> they have every right to stop selling if that's what they want to do. they have to operate in the best interest of their own shareholders. however, i don't think that's going to solve the problem. i don't think gun regulations or restricting gun sales will stop people who are willing to violate murder laws and kill people. >> you said they have the right to do this, whatever they have in their business interest. what about delta cutting programs and special relationships with the nra , also a business decision. >> absolutely. they have a fiduciary obligation to shareholders. i wouldn't be surprised if this is in the best interest of their shareholders given that their offending a large group of people who might decide if they're not getting discounts on delta going to go somewhere else. you also have lieutenant governor of georgia thing maybe we won't give them tax breaks if this is their position. >> do you think that part is

fair, what the lieutenant governor wants to do. >> absolutely. these are political issues. if delta is making it their political decision based on what they think of their best interest, then certainly the state of georgia and lieutenant governor has his right to do the same thing. >> it does seem a little odd to me that when i remember a lot of republicans complaining against the transgender bathroom law, in particular all the heat north carolina was getting under republican governor and a lot of businesses and associations, the mba boycotting that state and republican thing that was unfair based on the notion that they are free to do what they want. that is unfair treatment of an entity, in this case a whole state, but what you seem to be saying is it's okay in this case for the state to penalize delta is inclusive. >> businesses have the right to do what they want to do and obviously the state of georgia has their political leadership and they have the opportunity to meet and go through hearings. at the public debate and then

there either elected or not elected based on the decision. if this is a decision they make, voters will decide if it's of decision that was right then why can't customers for delta, investors in delta decide for themselves whether they made the right decision, disassociating themselves with the nra. who is the state come in and say this benefit that you've enjoyed, we will take away because of your disassociation with the nra. >> certainly i think you're right about the shareholders of delta. there obviously can buy and sell shares based on decisions made by the company. this want to go through the legislature and be passed by the legislators was up for debate.

individual legislatures make their own decision based on constituent views. it is up to each legislator to make their own decision based on the best interest of their constituents. >> i have a feeling, and i can sympathize and empathize with those who are taking it out on the nra when we now know in this florida shooting there are lots of other factors at play, but this is a slippery and dangerous slope to penalize a company and tax incentives it gets to be that company and higher all workers and has an estate for that company because you don't like a policy or position they've taken. >> again, it's up to each legislature. >> with it all go through with that. let's say they take away this 50 million-dollar tax exemption on fuel and take away just on that. not as a corporate citizen,

not how it provides for worker and shares the tax-cut bounty with its workers and customers, just this. being the attorney general that you are, do you think that's fair. >> luck, no legislator makes decisions like you just said. everyone comes with their own agenda. >> what if that final decision was that were taking the tax incentive away. >> i think it's up to them to make that decision. they have to suffer whatever consequences there are for making that decision. maybe delta moves devastated georgia. those are decisions that anyone can make. you can make good decisions, bad decisions, whatever you

want, as long as they are lawful. people can choose to live in different states that have different views on every issue. >> to the attorney general's point, they are already pouncing on this saying hey delta, come here. more after this. when disaster strikes to one, we all get together and support each other. that's the nature of humanity. ♪ i'll stand by you. ♪ i'll stand by you. ♪ and i'll never desert you. ♪ i'll stand by you.

. . . .

neil: do you think that part is fair. what the lieutenant governor wants to do there. >> absolutely. these are political issues. if delta is making their political decision based on what they think is in their best interests, certainly state of georgia, has his right to do the same thing. neil: all right. what he is saying is, that attorney general punished a company in this case, keeping distance from the nra, not over rewards for nra members there. i'm so glad i have herman cain here, if you think about it herman cain is celebrated presidential candidate. we remember him and his inspirational campaign. celebrated businessman of the worked for decades in the pizza business, never gain ad pound.

that alone tells you how great a business leader he is. herman, great to see you. >> thanks, neil. neil: i always tick off people on the issue. i'm not taking a statement about the nra. i'm saying using a company's policy for or against the nra against them when it comes to tax benefits it might enjoy in a state, what do you think of that? >> i don't agree with delta's decision for the following reasons. first, i believe they acted prematurely, and as katie pavlich pointed out, they acted prematurely to an online mob. secondly, what about the customers who fly delta? they may get a bigger backlash from two million milers like me versus a backlash from nra members. neil: i agree with that. len threat them, if that is what it is, that is where repercussions of this decision. i do find it is another leap for

a state that take as tax break that the company enjoys, to add that to the pile. what do you think? >> i would agree with you. look, i don't think that state of georgia will take that away immediately because of the way the whole cycle works but yet, it will now plenty of time for that whole idea to be talked about and debated. but then the other reason that i think they acted prematurely, i don't know an nra member who gives a, i got to keep it clean for you. neil: behave yourself. >> who gives a flip about a discount. that is what this is all over. neil: right. >> discounts. neil: companies, i don't know whether at godfather's pizza you ever had to deal with this, when a controversy comes up, companies avoid controversy, they try to stay away, no matter your political viewpoint. you're right, the online mob

against any company's association with nra, a lot of these guys run for the hills. i understand it. i always regret it, because it is short-lived. what i regret more though is this move on the part of politicians to compound it. i agree from free-marketeers themselves, let them see in the world of business, the effect this has on them for doing so. and leave it at that. i agree like you, i don't think it will move the needle much, to either advance or hurt their cause, although in georgia it could hurt them with some customers there or advocates or who are big fans of the second amendment and don't like what this company appears to be doing. >> right. neil: but leave it at that. what are you saying? >> yes, i agree. politicians should stay out of this at this particular point because they don't know all of the facts. one of my big beefs with this whole debate, nobody is looking at what the nra, the national

rifle association, is already doing for school safety. they have a school shields program that i don't hear anybody talking about. i wonder if, i'm not on the delta board or anything like that, i wonder if they know about all of the safety programs like the school shield program that the nra, national rifle association, already has? this online mob obviously doesn't know about it. they don't care and they will never talk about because they have decided, judge and jury, that the nra is the problem and that's just flat-out wrong, neil. it is flat-out wrong. neil: just to be clear, you have taken the matter into your own hand, i'm not going to fly delta for perfectly different reason? >> i didn't say that. i said they haven't realized the backlash from its customers yet. there might be. i don't know. neil: maybe i misheard you in the beginning there, would you be less inclined to fly delta now? what am i talking about, you're a guy who flies private.

if you did fly commercial, would you be less inclined to fly delta given this decision? >> no. and neil, i fly commercial more than i fly private. let's set the record straight here. and know, i'm not going to give up on delta, but i am going to send a letter or a memo to the ceo and let them know how i as a frequent delta flyer feel about this knee-jerk reaction that they did. neil: all right. one last thing -- all right, fine. the president is in a dust-up with his attorney general again, doesn't like the way he handled this separate investigation going on now. i think you know the backstory on that but he is tweeting up a storm against the guy, it happened again and again, where he is none too pleased with his attorney general. if that were you, herman, getting the butt of these attacks from the president of the united states, you're a cabinet member, he is tweeting at you morning, noon and night, would you quit? >> no.

i would make sure that i had a conversation with my boss to find out, is there some fire to the smoke? that is what i would do. neil: let's assume there is. let's assume there is. and he can't quite tell him you're fired but he would really be happy if you quit? >> well, i wouldn't quit. i'm not a quitter. i don't think jeff sessions is a quitter. i think that, you know the tweeting and some of this that the president is doing, not happy with some of the things that are going on, that is one issue. but i don't think jeff sessions is thinking about quitting. he would have to get a whole lot more than angry tweets. neil: the press every day, i'm not taking sides of this issue but if your boss made it pretty clear to the world that he is not a fan of you, i don't know how you handle that running your pizza empire? i'm sure you would be very direct with them, you're doing a lousy job, or not up to snuff or

i was working with you and there were a lot of missing pizzas, neil, you have got to go, you're eating a lot of product but i'm just saying what about jeff sessions' dignity? >> i disagree with you. neil: okay. >> i think this is just noise, i really do. i think it is just noise. neil: okay. >> i think some people -- neil: you would not take that kind of noise, herman, you know it. seriously, you're up right guy. you don't take guff from anyone. i think if that was thrown at you, regardless if from the president you would be in brief company. you would be out of there? >> you know what my attitude was during my career? i'm going to prove the negative criticism to be wrong. that's why i wouldn't quit. i happen to believe that is probably what jeff sessions is doing also. neil: okay. we'll see about that. but you and i are very familiar with each other, herman. i have the same burden of

reading a prompter. you were running a corporate empire but we had the same kind of basic dna. always good seeing you, herman. thank you very, very much. we agree pretty much on everything. it is quite clear. >> thank you, neil. neil: the dow is down 38 points. we'll have more, much more after this. ♪

neil: all right. let's take a look at the markets here. this is since the record close and obviously we had adown -- downdraft of more than 10%. full correction mode. look at nasdaq, thanks in large part what is going on today, a big selloff that is just about eked even. that is how much the markets have come back, today's selloff notwithstanding, actually sort of tepid market today, notwithstanding. let's get the read from jared

levy, jack mcintyre. you are looking at the read on the 10-year note. that seems to be the big story, jared, that yield in and out of the 2.90 area. got as high as 2.95. i think markets want to test this to 3%. hypothetical what happens when we get to 3%? because i think it is going to happen, i just don't know when? >> i think it will happen too, neil. there is one piece to the puzzle. the markets don't sit in a vacuum and or influenced by one piece of data. 10-year, getting to three. psychological ramifications will most prompt a selloff but i think the bigger story is in the u.s. dollar. u.s. dollar has been pummeled over the last year, i think a turnaround there and a bigger rally in the dollar really triggers selling momentum in this market. that is, like the 10-year, tied to interest rates likely, but they're both working in unison. neil: one thing very clear,

jack, volatility has returned. shifts of a percent or more are extremely common intraday, in fact. a lot of people don't have the appetite for that, up or down. they miss the good ol' days when we went up, for example. what do you tell customers? what do you tell investors, especially new ones just considering dipping their toes back into the water? >> sure. so i think, the historic low volatility we had up to prior a month ago, i'm not sure that was normal either. clearly the adjustment, the volatility we're seeing today. so there is going to be a happy medium in there somewhere. i think we'll see things slow down. to get things to slow down we need to look at inflation because inflation remains somewhat tame. it goes back the fed will go slow in terms of tightening. the bond market will like that. the equity market will like that and volatility will subside. neil: one thing i got out of listening to jerome powell yesterday, jared, it was sort of

buried near the end, his way of looking at wage inflation that it can't really get out of hand if we don't see a commensurate pickup in productivity. that is not picking up. better than it was but not great. maybe i have been missing this or maybe i'm overemphasizing this, this crowd expecting four rate hikes, even more, miss the notion he that he is looking at the differently? >> i think you honed in on the right data. headlines will capture what people want to hear. i think you bring up a good point, this has been going on for some time, wages haven't caught up, right? prices driven by the dollar, i always say the cure for high prices is high price is. when the average consumer can't afford to parks when housing prices are all-time highs, rent rates are at all-time highs, you will see that sort of slowing in gdp and i think mr. powell is

paying attention to those internals a lot more than people are thinking and actually i still think we're only going to see three in 2018. that's my opinion. some people are guiding higher. i think jerome powell is looking at some internals. he will not be as hawkish as people, you know, right now believe that he is. neil: jack, one of the things that the federal reserve chairman was saying is, that i'm looking at this economy, looks pretty good, picked up steam since last december. so, he, without getting into the details of the tax cuts, what have you, likes what he is seeing. again that seems to be a fundamental read. do you agree with that? >> so, yeah, i think, so powell was pretty clear. i think it was, part of it us say refreshing change to see a fed chairman be sort of black and white, be very straightforward in his comments. neil: i agree with that. that is a very good read, jack. go ahead, i'm sorry.

>> i'm not sure though it is the right approach. i think you have to have little more caveats. maybe not to the degree yellen had but i think he clearly sent a message, whether right or wrong, hey, you better be braced for four rate hikes this year. we'll not know until later on this year that theconomy suorts that but for now we're clearly given forward guidance be on theookout for four, probably tee nex yea neil: so you dn't agree as far as productivity issue? in other wor, if you'reeally i am biggeraise but that's not happening yet? >> well, not yet. this is the key though, because, and we could see this. because we're going to see more companies invest in cap-ex. that is part of inventive. neil: capital spending. >> tax reform. we need that. you can't just rely on the back of labor to get more output. we have to get that investment. it will take some time. but i think we're moving in that direction. that should help productivity. again we're very much a

service-oriented economy. it is hard to measure productivity but we need to see productivity to keep a lid on inflation and wage pressures. neil: jared, we're seeing technology move again. apple in and out of all-time highs again. a lot of those names are the same names, amazon included, that led this race up and they continue to. do you think that is once again the case? >> yes. so, you know, last week, neil, we talked about kind of the "fang" stocks and again i hate to beat on that drum but that is a place i continue to look for that growth. we're talking about here getting into cap ex-and infrastructure i do think some of the industrial plays, i'm long cemex right now, maybe i'm a little crazy. i think some of those will benefit from policy changes. hopefully as long as the dollar doesn't get too expensive and we keep things moving, i think that is an area to look as well.

fang and technology stocks in general, if they're changing the game, if they're making, they're shifting that industry, yes, stay with them. don't buy all the tech. buy the best in breed. neil: thank you both very, very much. the dow essentially unchanged here. interest rates staying stable at 2.86 level. the buying on treasury notes and bonds, we got throws to 3%. 2.95%. you get short of that, they will come in to dip their toes but they won't stay that long. we'll have more after this. time to bask... in low prices! tripadvisor compares prices from over 200 booking sites to find the right hotel for you at the lowest price.

refreshing, isn't it?. tripadvisor.

neil: they tried, right? immigration officials arrested 150 in california. when the mayor of oakland gave heads up on raids. brian babin joint like sound of any of this. he joins us right now. congressman, could have been many more, but we'll never know. what do you think of this? >> i think it is an absolute disgrace. this is, this is exactly what we're talking about when we have sank -- sanctuary cities where elected officials put the health and safety of their own citizens secondary to criminal aliens. it is just unbelievable, neil.

unbelievable. neil: i still went in, i don't know whether this number was smaller as a result of the mayor's warning but she is not the first to do this sort of thing. >> no. neil: maybe the first to make it public and do televised kind of think about it, but where is this going? what do you think the effect it is having on keeping the dangerous illegals here? >> well, for one thing, primary, number one, they're going to endanger our agents. when we, when we have tip-offs like this from the mayor of oakland, you wind up endangering officers going in there to make these arrests. then secondary, we have, we have people of the city. this city takes $27 million in federal funds each year, and their mayor is tipping off criminals before they're picked up. one of these individuals

arrested, even had a, had i think it was a sexual assault of a child. and so how, it is just inconceivable to me as a former mayor and a school board member at one time, how elected officials can put their citizens secondarily to criminal aliens. we still have 800 some odd criminals running around at large in oakland, the oakland area right now because of this. so i think, i think there is -- we really need to look very closely, neil, and see what laws were broken. this could not be legal. certainly is not ethical or good. neil: congressman, if you don't mind my switching gears to the dust-up between the president and attorney general. among other things calling it disgraceful and attorney general is disgraceful for passing an investigation into this whole fisa thing to the justice department's inspector general, defining that fellow as a obama

holdover, but the nastiness increased yet again. what do you think of this? do you think jeff session should just step down? >> well you know's actually ordered, at least the last that i heard, the attorney general has said that they're going to have an investigation, finally, after five months. i am very pleased to hear that. there is so much rancor here, but again, we need to look to see what's right. the american people deserve to see justice. obviously, there was bias here. there was, deep state individuals who had a agenda, who had an axe to grind, who are protecting one of the candidates running for president and trying to destroy the other candidate's campaign. neil: you don't have an issue who will conduct that investigation? the president seems to have a big issue with it. feels that jeff sessions has botched it? >> you know all i can say i

understand where the president is coming from. he is looking for action a very long time. mr. sessions, attorney general sessions recused himself, kind of opened the door for the mueller for the mueller investigation. i understand where he is coming from. all i'm telling you, neil, justice needs to be done. we axe lieutenant -- absolutely need to have an investigation. i've been calling for an independent investigation for a long time but i'm pleased to see at least the attorney general has called for one and, whatever takes place i want to see what happens. i want toe associate truth. i want to see the facts come out and i want to see prosecutions as are necessary. neil: your old former colleague jason chaffetz kind of agrees with you but not on the way tweeting out loud and saying stuff about his former attorney general. saying on our air, lemm

embarrassing that the president would tweet this instead of communicating directly with his attorney general. mind boggling he would call out his own attorney general. if he is not up to the job, get rid of him. what did you think of that. >> i understand exactly where mr. chaffetz is coming from when he says that i understand why the president is very frustrated with his attorney general. neil: why doesn't jeff sessions quit? if that were happening to you, you were on receiving end of that, would you stay on the job? >> well, you know, depends how bad i wanted that job. i know that jeff sessions has done some great things. he has, is cracking down on drugs. he is, he is wanting to enforce border laws. and -- neil: does wanting the job badly enough, carrying about those issues, badly enough, compensate for the almost daily ridicule you get from your boss who just so happens to be the president of the united states? >> you know, i had, neil, i had

breakfast with the attorney general and some of my other colleagues several months ago and you know what? i believe that the man, he probably made a mistake when he recused himself. however i know his heart is right. i want to see an investigation going on here. but understand where the president is coming from as well. neil: all right. congressman, thank you very, very much. >> thank you. neil. neil: we have a lot who are on this and the fallout from the jeff sessions brouhaha with karl rove and how all of this is going down. how it is being handled. how fellow republicans see it. there but for the grace of god go i if i disagree with the president? will he tweet about me? after this.

.. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent.

all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.

neil: welcome back, everybody. the plan president and jeff sessions over this whole surveillance abuse with concerns within the republican party as to whether there is boomerang on them with the deputy chief of staff karl rove. carl, would you make of this? it's not the first time the president has publicly registered his concern and sometimes it seems like content for the guy he picked for that job. i always wonder why session stays in that job. your thoughts. >> i hope to god he stays in the job. the comment by the president that his behavior was disgraceful, but i hope to god he doesn't leave.

they have a confirmation hearing as we run up to the 2018 elections where the democrat grilling as to if the president tells you to investigate somebody, will you do it so. this is ugly top to bottom in a real problem. they are attacking the department of justice teosinte an obama guy. richard or mind you, this is the obama guy appointed by president obama. yes. but he's the guy who's been blowing the whistle on the activities of the department of justice in the obama era and has done things like he's the guy who would uncover the e-mail messages between peter stroh sick and his lover, linda page. the fact that he called an obama

guy will leave the impression give the democrats opportunity is a quote trump by ms as a partisan witchhunt. the president made a big mistake with all of this. neil: he does it again and again. i'm just saying never be a of the human being. with that kind of behavior gets in the way of a lot of great ideas the president has. tax cut given time. we'll have some measurable benefits to the economy. this is the same president who demands enormous loyalty out of everyone, but doesn't seem to show or give it back. if there are problems i don't know how it works in the obama white house, but normally the president would have a problem with somebody. he would tell them directly or certainly get a chief of staff on it. this is done out in public. no matter what you think of him come it doesn't deserve this.

>> it is unseemly and not only that, but step back. the first that done of jeff sessions attorney general is going to be president donald trump who will have to go through an ugly, ugly confirmation battle. >> he'd be the acting are and that's not exactly a relationship, right? >> yeah. one other thing. you had brian babbitt on his good friend of mine, texas congressman. he made the point that he thought sessions should not have recused himself. brian is a friend of mine. in the 1980s, congress overwhelmingly, bipartisan majority passed a law requiring the justice department to spell out the rules for recusal involving things like political activity. for 30 some odd years we've had on the books a role for recusal but that if you played a role, a senior role in a presidential campaign, then you had to recuse

yourself. just sessions as a senior adviser to come, first senator at all senator to endorse him before the nomination. this row with put in place because of the robert kennedy being made attorney general by his brother jack kennedy and by the role john mitchell had played in the nixon administration. jeff sessions under those rules had no ability to do anything. >> does the honorable thing to do. what other people think about relationships in connection with all of that. it's where we are now and i was think about the human impact of these kinds of things and sitting on my cabinet for any prominent republican and he's done this with mitch mcconnell paul ryan and that is fine. he's an unprecedented character in the white house. i get that. but i don't get just treating people like, humiliating human beings of any other party. people they like or don't like.

that is not leadership. that is demeaning, childish cover makes a mockery of the office and the guy in that office. it makes a mockery of everyone. he is demeaning the office. >> to make the difficult to attract good people. who wants about themselves in a place where that's how you get handled. again, if you step back the first victim of the streets is not the intent of the them. it's not just sessions. it's not michael were with the ig at the department of justice. if department of justice. as the president has put himself in a place where it looks like he is mistreating one of his fellow nominees. you're right. if you wanted to get rid of him, colin in and say it's time for you to go beauties putting himself in a place where you have an ugly confirmation fight in the run-up. >> he's astute enough to know that if you play this out that's exactly what happens.

>> i'm not sure he thought about that. i'm not certain he thought about that. if he did, if he thought that outcome and then i think you'd say you know what, if i want just sessions ago, maybe i could invite them over and say you got a go instead of days. even again, if session goes, and whether it's because of a tweet or a personal conversation with the president, that will generate a confirmation battle between now and november elections that is not helpful to the president and his administration. the more we talked about this, the less we talk about tax cuts and regulatory reform, energy policy and strong military. neil: the various issues the president wants to focus on any of a lot of good sound issues and prescriptions. they are lost in his own ranting, raving here. he is showing no regard for that. i think you'll do great peril to him. great peril to his agenda and the people who want to work with

them but are increasingly afraid to work with them and frankly i can't blame them. >> if you want to be successful as president, you've got a step back, to be the adult, observe these little and keep focused on the big things. the big thing is not to attack the answer or general as an obama guy. it's the hope he continues to do what he has done, which is doing his job in a nonpartisan way and let the chips fall where they may. do you think an obama guy would've sat there and said i'm going to reflect badly on the guy who's involved in the hillary clinton investigation and end his career by telling robert mueller that peter stzrok did inappropriate things an ace to be immediately removed from his position in the investigation of donald trump. there was michael were to lead to that. his own attorney general given the democrats every opportunity until sessions resigns to make life difficult for president trump. it just sessions appoints

anybody to investigate this other than michael horvitz, to give them every ability to go to the american people and say the president is using his power as president to have a partisan witchhunt, dismiss this, ignore it. all of it is so distracting from what the president is attempting to do. he's got big things to do. these are little things. neil: the whole notion of a danger no one spoke and thought it sometimes they lead to unspeakable resolves. carl, thank you very much. >> you bet. thank you, neil. neil: senator richard shelby, if you'll indulge me on the issue carl and i were saving that the presidents are working on with them look very promising, very constructive on gun matters now. i'm afraid when i see something like this come up with behavior like this that goes around to former colleagues just sessions, and it's not helping him. what do you think?

>> he's obviously challenged down there because you need the support of the president when you are the attorney general and secretary of state or treasury. neil: sessions doesn't have it. >> absolutely. loyalty is a double-edged sword. the presidents loyal to him and vice versa and you generally have a smooth relationship, but you've got a troubled relationship there and have had for a long time. i listen to your program a moment ago. i do believe that sessions have no option other than to recuse himself from the trump investigation. neil: the most common thinking, law-abiding, brave men and women would concur with that. but he's held his grudge sense. it's frustrating that led to a chain of events and here we are.

>> where we are right now. i also believe that when the special prosecutor was appointed by the deputy attorney general to investigate the trump campaign and so forth, that would have been an opportune time to spawn a special prosecutor to investigate the clinton shenanigans in the clinton foundation and the meeting would he attorney general of the united states and the former president of the united states. all of that should've been done a year ago. neil: there's a lot of things that should've happened to your point. wondering what happens now if you are just sessions, why do you stay in office? why do you stay attorney general? >> that's the question of the day right now. tree and do it for you at that capacity, would you stay? would you be humiliated day in and day out? >> absolutely not.

i wouldn't stay at all of the president wanted me to stay and he appointed me. i wouldn't be under anybody -- i wouldn't be anybody's whipping boy. i wouldn't be belittled because the president is saying he doesn't have any confidence in me. that is just challenge right now and what he wants to do and how he does it and he's a good man going through a lot and it's got a lot of challenges. neil: is there a spillover effect to some of your republican colleagues who feel this is a traitor of his own cabinet and whatever you think of the wisdom of what he is singing and why just sessions did what he did when things started for looking into this investigation now, inspector general, it better. they are by the grace of god go i. i am thinking that this guy is like, you know, he's going to come after me next. what do you think? >> nobody knows. we all could speculate every

day. but ultimately, is going to be at to whether the attorney general wants to stay in the job and be belittled by the president, his boss to put in there. or does he want to leave? that's a decision you will have to make. neil: is it having any legislative effect on working are getting republicans to work either on gun legislation for safety legislation or any one of the other issues, infrastructure popping out. are they feeling right now the president could abandon them for that he won't be loyal if they go the extra mile. >> well, there's always the question of the people who propose things be with you at the end? will they be with you when the going gets tough. that is part of legislation that we deal with every day. we will have to wait and see. neil: do you trust this president to do the right thing to his people, to working with those on capitol hill including

yourself? >> well, i hope so. we all respect the office of the president. we appreciate what the president is doing and how he's doing it. i do believe the president has made some good decisions overall. look at our economy. a lot of good savings he is made. but loyalty is a two-way street and a cabinet position. we know that. i'm sure the president knows that in the people who the jobs know that. neil: senator, very well put. senator richard shelby. thank you on this earth. >> thank you. neil: no doubt i'm going to be getting an earful. this is just not about a policy or procedures or ideas to the presidents many good ones. this is about the president's demeanor. this is about the president's talent, the president of the human being. some inhumane behavior. a little more after this.

i want you to pick a new truck for your mom or dad, knowing that they could possibly pass it down to you one day. cool. but before you decide, you should know that chevy silverado's are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (laughs) which truck would you pick? the chevy. the chevy. the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. (laughs)

neil: albright, all of these personnel issues notwithstanding, the president definitely making clear he's got a 2020 run right now. charlie gasparino looking into all of that in the investigation and that ensues. charlie: well, if the cart before the horse because this

molar thing is still going, still interviewing people and it's really interesting. my sources, i'm going to say people with direct knowledge of the questions that mueller is asking. that's how i'm going to cite this. this is pretty much primary sourcing here are saying this, that mueller is ramping up the investigation. it is far-flung. i reported a little bit about this yesterday that includes his business interests. here's some of the news i got that they are looking at donald trump's business interests in russia for the time. of march 2015 to june 2015 right before he announced he was running for president. they're asking witnesses neil: why are they honing in on this? it was the run going on friday. charlie: they don't say why. but they say do you know anything about the trump moscow hotel, which was around that

time he was thinking about doing a hotel before he officially announced he was running. do you know anything about felix federer, a guy he was apparently going to do business with. he is a russian national, went to jail at some point. they are honing in on his business dealings. what i think is fascinating about this is remember initially it was all about pollution. well, what they're really looking here for is not just pollution. collusion with the russians, but also that the least what you can surmise from the question. his business interests which set up the ability possibly to collude with russian to sway the election his way or to have positive staff in the media and social media to push his candidacy. that's where it looks like mohler is going. he's also throwing a lot of curve. he has asked about payoffs to

women aside from stormy daniels. do you know the trump campaign or did someone pay off other women to keep them quiet. they are asking about that. neil: that would make it sound like he's gone beyond, this did not be the first time it has veered off its original -- ken starr. charlie: for whitewater. one thing i do it know about prosecutors if they don't ignore potential wrongdoing. basically something tangential that is wrong like payoffs to a woman that may be kicked out -- that is something to look out. he really looks like they are focusing on is business dealings in russia, long-standing, how much he wanted to do business in russia and those connections setting the stage for a potential collusion with russians during the campaign. he had friendly with a lot of people there.

those friendly ties materialized into some sort of a network that pushed his candidacy wednesday officially announced. they are also asking when did he officially announce. officially it was june 2015. apparently he was much more interested in running the year before that. neil: unr mentioning this, but aren't a lot of candidates who are ultimately announced that they are running and thinking about, getting years prior. >> that your prior was pretty interesting because it corresponds and this is where it gets interesting for the questions. it corresponds -- remember the russian indictment, 13 russian nationals that mueller indicted, there social media, their activities began sometime in 2014. they are pushing witnesses like other when donald trump really wanted to run.

neil: he's been talking about it for years. it was around the time they started pushing. i'm not saying they got him on anything. i am just telling you that this is a pretty serious investigation into the president's private business dealings, political ambitions, confluence between the two and those marks prior to officially announcing they are looking at a lot of business dealings including the trump hotel. neil: thank you so much, charlie gasparino. if you're a democrat you're salivating and saying it's a matter of time we take over. enter nancy pelosi, labeled right-wing, right-wing and her reelection -- and her reelection race. and dianne feinstein rejected by some in her own party. so i'm looking at that same nancy pelosi being right wing, scott feinstein not liberal

enough. that would mean like me saying i'm going to be a yoga terror, but i'm not quite yoga enough. i want to leave you with that image. especially a lot of you have been sending me nasty treat. i will leave you with some images that will make it much more difficult. more after this. you know what they say about the early bird...

he gets the best deal on the perfect hotel by using tripadvisor! that's because tripadvisor lets you start your trip on the right foot... by comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. saving you up to 30%! you'll be bathing in savings!

tripadvisor. check the latest reviews and lowest prices. the neil: are right, and this is what she do the everyday. the correspondent writing that nancy pelosi is the most conservative candidate in her congressional race. and this after diann feinstein giddings knob at the powwow in california. allie uckey, former obama campaign director, robin biro and real clear politics associate editor amy stoddard. just when i think maybe some republicans are getting nervous about this related tip between

the president and attorney general and rage about all this other stuff, it could be a case of the democrats grabbing defeat from the jury. would you make of all of this? >> neil, as is always the case what republicans went through for years after john mccain's loss in romney's loss in presidential elections, it is a struggle between the two factions. we saw this kind of unresolved tension and resentment after the loss bernie sanders endured that many believed in his camp, you know, was partially by the democratic national committee in favor of hillary clinton and there is a real break down in the party about whether or not to go forward on a super progressive freelance socialist and progressive of bernie sanders and elizabeth for free college in beating up on banks and everything else were to try

to talk back to the middle in win over the voters who saw democrats didn't have an economic message, who voted for obama and then voted for trump. there's a lot of this. nancy pelosi is facing what eric cantor did when he lost his seat. veteran leadership in a national figure out their fundraising in hollywood in speaking at harvard, people at home figured too big for your britches and come after you. neil: after the eric cantor race, calling nancy pelosi the most conservative is sort of like saying i'm smelled. any quick read of the situation would disavow anyone of either notion. but is that registering -- resonating. such anger on the last that they think there is a strategy there? >> she was correct to point out the anger from the last.

i'm political director here for local party in atlanta and we are still trying to heal some wounds from the division between the different factions in the younger people, bernie sanders supporters. neil: will you be creating more rooms by going further? >> a lot of this is coming from california and california democrats are just on the next level, as amy said, with the far, far left to allege nancy pelosi is too conservative is absurd. if anything, she is a little more moderate by getting stuff done. i was impressed the first budget around with donald trump as she was able to get a temporary budget deal to continue to fund the government for those few weeks. of issues getting some work done across party lines. neil: bottom line, do you think it would be a mistake on a allie i promise i will get to you. you think it would be a mistake to go hard left?

>> yes, absolutely. i'm a moderate myself, blue dog dems. it would be a mistake. >> republicans are going through this whole identity crisis and everything else that may be given that debacle they thought better of it. what do you think? >> it's true, however i don't think moderates have a good chance a good chances within the party on the left as they do perhaps on the right. an interesting study by pew research should not over 2017 the show progression of democrats from 1994 un 2014 brother further to the left on every single issue. less moderate democrats today than ever a more say they identify as very liberal or liberal. they just don't have patience for people like nancy pelosi. they want people that are for single-payer health care, which is one of the reasons why

someone is actually running against nancy pelosi. they want the san francisco value or they think they want the same as cisco, bernie sanders to become national. the conservatives have stayed the same for 20 years. >> real quickly. dianne feinstein getting elected to the senate. nancy pelosi, a reader in trouble? >> i think dianne feinstein will face a big challenge in india and prevail. she will do fine in her primary. >> what you think of that? >> i think she ultimately will prevail. diane finds china's 84 years old and she's held office since 1996. in the end she will prevail, but there is contention right now. >> i think nancy pelosi stays in place. it's great pr for the republican

party. neil: they are using her for their campaign ad. you probably heard sporting goods is changing its policies after the school shooting. but is this going to boomerang on sporting goods? the judge ways then after this. nah. not gonna happen.

that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for a free kohler nightlight toilet seat

with consultation or visit kohlerwalkinbath.com for more info.

neil: okay welcome back. jeff sessions not going anywhere. reading from a statement john roberts is passed on from the white house the white house agreed to initiate the appropriate process of complaints against the department that was fully a eponymous long as i'm attorney general will continue -- continue to do so, to do work in a fair and impartial manner

according to the law of the constitution. i.e. i'm not going anywhere. judge napolitano with us. what you think i'm a judge? >> he continues to get bashed publicly by the president in the latest bashing was disenchantment with what sections told maria bartiromo when she said are you going to investigate the fbi abuse of isaiah abuse of isaiah. he give a long-winded answer without specifics that could be only interpreted to mean yes, the inspector general the the justice department is going to investigate. the inspector general runs the team of bureaucrats with violations of the internal department of justice regulations. that means the team of prosecutors and a team of fbi agents looking to see if laws were broken by the manner in which the fisa court was abused. if you go the sector general route, the president is right as the year before shift the ig

report in another year before anything had is. neil: do think he bounces off the president before any of this? >> i don't think so. i think it would've heard no uncertain terms this is not the way to do it. neil: the president's response is not the way to do it. >> i would prefer the president called him up, but this president prefers to communicate when he disagrees with them. neil: you think the three storm in the attorney general justifying, do you think he ever picked up the phone or talked about it? >> i don't know the answer to that, but i'm certain the treat this morning provoked a segment you just read that was just released. >> whitest jeff sessions stay in the job? >> i think there would be political repercussions to the attorney general right now. the report that charlie gasparino just gave you, which in my view was groundbreaking

reveals the seriousness of bob mueller's investigation. this is not a hoax. neil: now is looking president's finance team. even though he has recused himself from that, if he were to be fired now, that would be to shake the justice department to its core and i don't think you want the political effect of that. tree into in the meantime rob rubenstein would be running this. >> he would. summon the president has also blasted. >> you think the president realizes this for whatever reason? >> i don't think the president cares. his base likes him to speak his mind and he does it more so than anyone in your lifetime. >> it's almost that he wants to push sessions out the door. you're saying be careful what you wish for. this guy is better than the alternative in this environment.

>> i don't know what the alternative would be. neil: and the alternative would be approved -- nothing would happen. >> democrats to delay this for months and months in the nature of the interrogation of the new nominee would be extraordinary. you'd almost need a mother teresa with a law degree. [laughter] neil: we've got you. do you think there is a method to it because i'm trying to get what would be publicly humiliating a cabinet secretary, someone of his own party who told me, that this would be a way discrediting everyone the justice department, everyone at the fbi. >> donald trump was under the impression that the justice department and the fbi would work for him. there is a body of law that supports that impression. the larger view, the more majority view of lawyers and

judges is the doj has to be independent of the president. not everybody agrees about. there's some sophisticated lawyers and law professors who would support the president saying the following. i'm the voice of the people. i'm the only person elected nationwide. everything i said i'm going to do i've been doing. these people need to work for me. that is a legitimate argument. he's been defied publicly by the director of the fbi. two people he sought out and appointed in this is frustrating to him. neil: he had legal counsel, telling them this is what you do. >> a reason to believe his legal counsel is of the the the justice department does not work directly for him, but it works for the concept of justice. and the laws has written. but look, if they don't work for him, who do they work for? we elected him president. he's the head of the executive

branch. neil: but how does it look, let's say the president wants to look into this whole fisa thing. if you are jeff sessions come anyway you go about doing something, whether it's the way the president wants or not, you will look like a tool. >> barack obama picked up the phone and said to the red of major eric holder, here's how i'd like you to investigate. i'm not telling you, but this is how i want you to do it. unless anyone of his predecessors would've done that. neil: you have privately told me the federal case act publicly. >> correct. don't you think jfk and rfk talked about these things? you never heard jfk mocking his brother other than in a fraternal way. neil: jeff sessions and they know it's too long on this, they do think sessions is up to the job and to maintain whatever, whether justified or not, that

sessions is just out of his element, that maybe is not up to this task. >> i do believe he's up to the job by temperament, and experience. but sometimes he gives the impression i'm sorry to say this but i'd rather be somewhere else. >> if you were being agreed to this internal general would you say in this job? >> i'm pretty thick skin. and if he didn't we have a tweet calm for a while. >> jeff sessions has been in public life for 30 years between being the chief federal prosecutor. neil: this is your immediate boss, president of the united states ripping you a new one. >> is termers is twice offered to resign and has rejected and sent the resignation after adobe

start document that he is thick enough skin to hang around. neil: either that or he's a clinton for punishment. >> before you got it he couldn't believe that in fact it was. you can still decide i don't care what you think. >> you can go with the resignation is project good. neil: would you go? >> no, i don't think i would go. i would work with the white house. neil: you're a good man. don't encourage him. you know he shows up in that tight 90% of the time. maybe more. >> no makeup on my face. neil: will take a look at stocks barely budged in right now. after this. nothing to do with that tie.

voya. helping you to and through retirement. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪

sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around.

retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.

neil: it's been a wild and crazy market month to put it mildly. still looking at potentially the biggest loss since january 2016. for market traders at 4:00 p.m. certain time. i do the math for you come as a basic cable, the least i can do.

parents editor at-large, jack otter on all of these developments here. volatility is certainly back. that we know. the play that out. how is that likely to continue? >> i saw an interesting report today from bank of america merrill lynch were they focused on the number three. ac 3% growth, 3% wage growth and a thing that is going to take us to 3000 on the s&p. that's the good news. the bad news is they look ahead to 2025 and acs at maybe 3500. so in other words, this is kind of the last gasp. neil: had they been good at forecasting anything prior to this? i know you have. >> they have, but look. you know i'm always weary of predictions, but the longer-term yugo i think the easier it is to look back on history and say

we've been in his position in the past and it's reliably lead to that end where i think you get to the same answer, whatever metric you use. right now stocks are very expensive. they been going up for a long time and when that happens the next seven, 10 years, they don't tend to be as good as the last seven, 10 years. there's a lot of reasons to buy that, but also here is another thing. everything is good right now. profits already profit margins are fantastic. global growth, tax code. what else can go right is the question? >> you know, in this environment, people are looking now at a bond of 3% as a matter of time. >> that was the other three. so now i'm wondering about how the markets adjust because i always think, you and i chatted about this in the past. this is about juggling the benefits of the interest rates going higher because of a good

economy versus the concern it gets out of whack in interest rates go too high. they just don't know how high is high. i think the markets could live with 3%, 3.5%. the goldman sachs report you get to 4.5% and all bets are off. what are they kicking around the back of their heads? >> i saw an interesting analogy that if you throw a match into the oil you put in your car, you might light on fire in mice while you. if you are a match in the gasoline we know what happens. this is the environment were a match can really cause something to happen. now, is 3% a late match? probably not. given how high valuations are, people getting nervous, suddenly it's a solid looks pretty good. of course there's other factors, too. if inflation can stay down near two, 3%. neil: you don't want the federal

reserve and the position behind the curve. >> that's another right now. i was the powell come anytime you have a new chairman spoke in the markets until they get to know him or her is an issue. >> another wildcard, but maybe charlie gasparino is one with the investigation going in a different direction looking up more of his financial arrangements. even prior to his announcing his run for president. while card as it may be, if this looks like it is gaining steam, then those who've been thinking the president is not part of this investigation, but in fact is, then what? >> it's really hard to handicap that thing. one is if that should happen, what happened next? this can't become president? this is crazy. that is really not that spooky for the market because it probably means things will continue on its way. a really serious problem with the president is going to cause

an immediate revaluation. when he was a let it come the futures were down 800 points. so i think you probably see that sort of thing. >> i see the bigger point that nothing gets done in the meantime. investigations, crazies, that sort of thing become obsession. >> you just don't know. but number one most important thing in the news today is the fact that, and for sure i don't remember the name of the official, but he was asked by congress, have you been given permission to retaliate and he said no. so that is another thing that is a potential black swan. what happens if this was a prelude we saw in that it made terms really go nuts. then suddenly things and retaliation would we be forced to take? neil: do you think given the conversation as we grow quickly talking about the economy was good, better than i thought,

that he is up to the task of handling this without getting behind the curve are going too far in front of it. >> i see no reason why he's any less than anyone. you can't predict the future perfectly. one comment again from bank of america was the powell put is a lower strike price. where greenspan, yelling, bert mackie, everyone thought they would come in to save the market. maybe now if he sees inflation were enough there will be a hike this year. neil: well put. jack otter, parents editor at-large. we were up by the end of his remarks we were down. the president will be talking school safety coming up in about an hour. we will have more right afterod this. d 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. . . . . .

neil: up about 20 points. the president will have this gun safety issue, school safety issue. they're back in school today. , moving forward. not wasting a minute to do this. interesting read on jack otter. that is always a thing we don't see coming that could derail this. investigation, crisis with the attorney general. anything can and usually

happens. we don't know what that would be that would be the catalyst for any of that. or it could just pass. like this crisis it too would pass. we shall see. trish reno take you through the next hour, 10-year ne still stays under 2.8%. trish: attorney general jeff sessions standing by his decision to appoint michael horowitz to lead the fisa probe after mr. trump slammed mr. sessions of handling of this massive investigation. this is story we're following on "the intelligence report." our justice department relied on a fake russian dossier to spy on former trump advisor, carter page. this is a very big probe. so is the inspector general the right person now to lead the