stuart: earlier we spoke to the ceo of newspicks. now, that bills itself as an alternative to facebook. unbiased news and your data is safe. by the way, in the hour following that interview, the app has been downloaded 800 times. that's according to the ceo who was on the show. behold, the power of "varney & company." neil? neil: 801. [laughter] stuart: excellent. [laughter] neil: thank you very much, my friend. have a wonderful weekend. stocks are not having a wonderful friday, and a lot of that with a lot of cross currents including what's going on in technology land and oil and everything else and people trying to make sense of apple under the gun. we're going to get into that, but we also want to keep you abreast of developments in washington that could affect momentum at the corner of wall and broad, not the least of which is this ongoing investigation, the whole russian collusion thing and whether the wheels have come off the wagon and it's sort of out of control. a lot of people saying the

president should sit back and let this play out because there's no reason to get involved or even think about firing any of the key principals, at least that was the sentiment yesterday. the read right now with the former speaker of the house, newt gingrich. speaker, always good to have you. >> good to be here. neil: so much to get into you with, but first off andrew mccabe, a criminal inquiry going on lying not less than four times, three times to federal officials, that he's in a heap of trouble, that he and comey are giving different stories, that comey is generating a great deal of controversy on his book tour x the president -- to hear some republicans tell it -- let them implode. what do you think? >> well, i mean, i hope the president does let them implode. comey has has been shrinking wih every interview. he started at 6-8, he'll be around 5-2 in size by the time it's over. but it's deeper than that.

one, you now have the number one and number two people in the fbi directly contradicting each other, which means if they end up in a criminal trial, the whole imagery of the director of the fbi and the deputy director testifying opposite in a criminal trial situation, it tells you how sick the very top of the system had gotten. the other is the memos that have now been released by comey, if i understand them, what i've been reading this morning, comey actually deliberately told the president about the so-called russian dossier in order to set up a cnn story and did so, apparently, in collusion with the director of national intelligence who's now a cnn commentator. but you begin to read these things and you realize that this was almost sick, what they were doing. and this was a totally phony document paid for by the clinton campaign. none of it has been proven. and yet people deal with it as though it's factual. and comey, i think, deliberately

was manipulating the system in a way that you just can't have the director of the federal bureau of investigation, our top law enforcement agency, engaging in this kind of, i think, profoundly subversive behavior. neil: but did it get the heat off mitch mcconnell in the senate who was fighting back even some republicans who wanted to sort of protect or etch into stone a way for the congress to protect mueller in case he were fired by donald trump? that's not necessary anymore -- >> well, it's not necessary and, frankly, i think i saw leader mcconnell two days ago said he wouldn't bring the bill up. neil: right. >> and he made a pretty profound point which is that bill doesn't become law unless it's signed by donald trump, and donald trump ain't signing it. the whole thing is an exercise in publicity. but it's deeper than that. mueller, i suspect, is watching this spectacle of the top two people in the fbi, each

potentially having criminal liabilities, he's watching the country begin to react. he's learning, like the rest of us -- i don't think that mueller knew that this entire collusion story was a hillary clinton campaign paid-for special that has no validity, that was manipulated -- neil: not to get into too many political weeds here, the one thing i always use as sort of a proxy on all of this, speaker, is what the markets do. when the markets got wind late yesterday that rod rosenstein had visited the president again to say, look, you are not a target of this investigation, second time in as many months he was essentially saying that -- or that was the message from the mueller camp -- and then the andy mccabe thing, that he could be facing criminal charges, they were down already, close to 200. but they pared those losses in half. and it feeds a narrative i've seen consistently play out, that the markets -- whatever you

might think of president trump -- they want him there. they like what he has done for the economy, and they don't want that disrupted. so the better things look for the president, better things look for stocks. what to you make of that? >> well, look, i think it's valid. this is the most pro-free enterprise president probably since calvin coolidge. and he has been aggressive at deregulation, he's been aggressive -- neil: even more so than ronald reagan? >> i think so. if you look at the scale of deregulation, for example, if you look at the deliberate cuts in the business tax -- not that reagan wouldn't have approved of it -- neil: right. >> -- but trump did it. to the degree trump himself is a businessman -- ronald reagan who you know i loved and worked with, but he was a great movie star, but he wasn't a entrepreneurial businessman. trump's a genuine entrepreneur. he feels the rhythm of entrepreneurship, and i think small business people in particular see trump as their guy doing the things that make

their life better. so i do think that you look at the current economy, i think we had two months in a row now the lowest unemployment numbers in modern times, we have the lowest african-american unemployment rate in history. neil: you're not afraid he could screw that up with a trade war and everything else? >> no. i actually think taking china head on is unavoidable. neil: yeah. >> the chinese have had a rigged deal for 20 years. they have grown in part by stealing our intellectual property -- neil: a lot of farmers are worried, speaker. >> they should be worried, sure. neil: he could be losing his base doing that. do you think that's a real risk? he has to get some big concessions to justify this, right? >> and i think he will. if you're if chinese, you've had a great 20-year run of exploiting the americans, and suddenly the president says no more, that's a huge shock. neil: others have tried everything else, to your point, and it's never worked. >> you can drink tea and eat rice with the chinese president

all you want to, and he'll smile and say, yes, we're going to try really hard. neil: now, he in a speech, xi jinping, of course, had said we're going to make some progress in auto tariffs and the like, allowing financial concerns to come to china, but he hasn't acted on that. >> look, there's an easy ultimate test for xi jinping who i think, frankly, is setting china up for an enormous disaster. you look at what they're doing to create a totalitarian state, and everything we said in the early 1950s about why the soviets would fail is about to become true in china. they're doing really orwellian, 1984 kind of absolute controls that, in the end, are going to destroy their capacity to innovate. but put that to one side. the core test for xi jinping is simple, will he disband the people's liberation army cyber theft system. i mean, most of their cyber theft is done by the people's liberation army. it's not done by some random

hacker in shanghai. it's done by the official government of china through its military. and they steal, according to the director of national intelligence under obama, the estimate was that they steal something like $460 billion a year in intellectual property. more than our total sales to china. that's only the core test. neil: let me ask you about an issue that came up when i was talking to mitch mcconnell in washington as well, and that was this famous -- some called it a photo op of the president railing against the $1.3 trillion spending measure and sort of waving his finger, saying this is the last time i'm going to do this. lo and behold, mitch mcconnell said he knew what was in there, at least his people knew what was in there, and his message was he was kind of throwing us under the bus. you've been in congress, you know their point of view and that the president helped some of them out. >> look, i think, first of all, the president really did what ronald reagan would have done.

reagan always had national security first, economic growth second, deficit third. he had general mattis, secretary of defense mattis, saying to him that obama had so weakened and underfunded defense that we had to rebuild it. neil: right. >> so the president's got this bill in which the democrats and some republicans were charging a tariff, an extra charge in order to get the defense money. neil: right. >> and the choice was do you want to get the defense money or not? and so he signed it. neil: well, that was mcconnell, you know, none of us love this, but this was the way we found agreement. the president knew that, his people knew that, and i don't know, i just got a feeling, speaker, that he -- there's still agitation between these guys. >> there's bound to be. you look at what schumer has done to screw up the government of the united states in a way which puts partisanship, frankly, above patriotism, and

it's a disaster what they've done. and candidly, i wish that senator mcconnell -- who i have great respect for -- but i wish he would keep the senate in session every day, no weekends, until they get every single nominee done. my hunch is it would take two weeks. at the end of the second week -- neil: if you threaten working weekends. >> you say to them you don't get to go home, they could last two weeks, and the average democrat would turn to schumer and say, that's it, no more. we've got to go home. neil: how is your wife enjoying the vatican? >> she is doing an amazingly good job for the country and, you know, it's just overwhelming to be at the vatican from calista's standpoint. i'm proud of how well she represents us. neil: thank you, speaker. very good seeing you again. best to her when you catch up n. the meantime, the dow still down about 188 points here, and a lot of this, of course, on concerns here that the economy is picking up steam. now, i know that sounds crazy,

but you watch this a number of times to know that good news can sometimes be interpreted as bad news, lead to a backup in the interest rates, the belief that innation's rolling back never mind the fact that these rates are still ridiculously low. the speaker and i can remember much, much higher rates than that, but that is the fear that they're going to go still higher. that 2.94% is just getting -- the people are saying 3, 3%, then what happens at 3%? i should hasten to add that at the beginning of the reagan administration that thing was over 10%. we'll have more of after this.

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♪ neil: all right, we're back to session lows, the dow down about 202 points. apple is a very, very big drag, right now down about 3.5%. morgan stanley putting out a report earlier today predicting iphone sales for the june quarter will disappoint and, furthermore, this is a worldwide and consistent phenomenon, that this iphone x has simply not

stacked up to be the runaway hit many thought it would be. there are others who disagree, we've heard these kind of reports before, but it's dragging down tech and dragging down that entire sphere here. after the president was tweeting about oil prices artificially high because of opec, oi dipped, and a lot of the oil-related and energy issues which dominate certainly s&p 500 as a sector, that has been, you know, hitting the dow or, of course, two prominent components are energy, you know, energy representative. so that is also having a one-two effect here as are rising interest rates. so a lot of that based on good news there. it's a separate issue. political developments we're following very closely, the former fbi deputy director, andrew mccabe, could be facing criminal charges as you've already heard. the obama-era-appointed independent inspector, the inspector general, i should say, recommending that. we don't know exactly when he did recommend it, but that it's

out there. it could be a threat, and those two -- that is, mr. mccabe and james comey, heard he might have a book out -- they've been having sort of a war of words back and forth as to who's accurate, who's telling the truth. to fox news white house radio correspondent john decker. john, where is this going? many have argued the president has been urged to stand back and watch them fight each other, but what are you hearing? >> yeah. this is a separate issue for the president, but it doesn't do any good things in terms of the reputation for the fbi. you have the former fbi director, the fired fbi director, james comey, disagreeing publicly with what andrew mccabe is going forward with, and he's obviously a very high-level former official at the fbi as well. it's serious in terms of having a criminal referral sent to the u.s. attorney's office for washington d.c. i mean, just look at martha stewart. lying to federal investigators is a very serious crime, you can go to jail for it as martha

stewart unfortunately learned, and that's something that we see as something that is concerning to andrew mccabe and his attorney right now. neil: the president has long argued that for months, you know, there have been those on the left just expecting him to go ahead and fire either rod rosenstein or bob mueller himself or maybe both, that there'd be something akin to that happening. less likely now. takes the heat off probably mitch mcconnell who had been urged to go along and support an effort even some republican senators had led, as you know, john, to institutionalize the special prosecutor here to prevent him from being fired outright. so where does this whole drama stand? >> well, we heard from the president while he was down in mar-a-lago for that two-day summit with prime minister abe, that it seems as though he has no inclination right now to fire rod rosenstein, no inclination right now to fire bob mueller.

he's satisfied with the way those investigations are going, and then we see the reporting over the course of the past 24 hours that mr. rosenstein has told the president directly that he is not a target of their investigation as it relates to michael cohen. so that should comfort the president, and that's the reason i think why the president is sort soft standing back. -- sort of standing back. in the meantime, the president has gone off and hired new members of his legal team. rudy giuliani, the former new york city mayor and also two other former federal prosecutors have joined the team. so that, i think, is a good sign that the white house is taking this mueller investigation, obviously, seriously and wants to see it wrap up relatively soon. neil: yeah. obviously, the rumor was that giuliani was talking about within a week or two. that might be a little unrealistic, but he does have a favorable history, and a decades-long relationship with bob mueller. that is rudy giuliani, of course, back from his prosecutor days and early days at justice.

is it your sense that the administration is hoping to play off that like a, you know, maybe the good cop relationship rather than what has been, you know, a nasty cop relationship? >> well, the president's legal team has cooperated fully no matter who has represented the president with the special counsel's office, and that will continue, obviously, with rudy giuliani. the fact that he has a prior long relationship with bob mueller is helpful. it's helpful in terms of understanding what it is that mr. mueller wants from president trump and from the white house and understand what it is that he's looking for if, indeed, the president decides to sit down and meet with bob mueller and answer the questions that he has for him. neil: you know, the president still mentions the markets when they're strong. not maybe so much on a day hike this for the time being when they're down, and his effect is pronounced when he talks about opec and oil and prices being

artificially high, pounding oil prices today, oil stocks today. so is the message he's giving that he will still freely talk about these issues regardless of where the markets are? >> absolutely. i mean, we see it today as it relates to the president's tweets on opec, and we've seen it in the last few weeks, neil, as you know with the president's tweets and comments as it relates to amazon. the president has a tremendous impact on the stock market. he knows it, and that's the reason why the market reacts in the way it does. when the president speaks and tweets as well. neil: by the way, you and john roberts cover the white house both very, very well, but roberts is at mar-a-lago, and you're not. i'm wondering if you feel bitter or angry. >> it's beautiful weather here, neil. [laughter] it's lovely here in washington d.c. maybe not as warm as mar-a-lago, but it's nice to be here in the nation's capital, and john's doing a great job. neil: well played, sir. >> thank you. neil: it does look beautiful

there. john decker. in the meantime, north korea ahead of this meeting, whenever it comes with the two leaders and, of course, the one-on-one with president trump, but he is on the verge of conceding something ahead of this powwow that even close allies of his are saying is remarkable. after this. ♪ ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪

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under care by focusing our mind on whatever's on yours. ♪ ♪ neil: welcome back. remember the other day when the president was intimating that when he sits down with kim jong un of north korea, if he feels the talks aren't being productive, he'll just walk out, he'll up and leave? i don't know if there's a connection here, but, lo and behold, out of nowhere we get a sort of a preconcession on the part of the north koreans that they're fine with dropping a ban that u.s. troops be removed from south korea. to former u.s. ambassador to the

united nations james cunningham on what he makes of all of that and the big powwow, whenever it comes. ambassador, always good to have you. thank you. >> thank you. neil: what do you make of this if we're to believe these reports, and some dispute them, that they don't have a precondition like that anymore, that if we have all those troops in south korea, fine by themsome. >> well, i wouldn't actually read that much into it. i think it's pretty clear that kim is trying to shape the stage for this not just the discussion with president trump and with the united states, but with south korean, indeed, with the region as a whole. and he's cleary trying to take -- clearly trying to take some of the rough edges off his image. it's a despicable regime. he's trying to make it look more reasonable, a little bit warmer, a little less demanding than it might have been in the past. when the actual discussions begin and the substance comes

up, i think it will be quite difficult and a little bit different atmosphere. neil: all right. michael pompeo was meeting with him, we don't know, you know, what broad parameters they agreed to to sort of set the stage for these talks, but you probably know how this stuff goes far, far better than i. henry kissinger kind of played that role ahead of richard nixon's famous visit there. are they similar, do they line up what they're going to talk about, and what would be the issues you'd think would be batted around? >> well, normally preparation for even agreeing to a summit meeting like this would entail some long and serious discussions about what the purpose and objectives and the paradigm for the meeting would be. that didn't take place in this case. i think it's a good thing that director pompeo has begun or carried out discussion of how to prepare a meeting.

normally you would have is, you would develop an agenda, the other side would have things that they would want to discuss, we would have things to discuss. the principal goal from the american point of view is to talk about how to denuclearize the peninsula and end the knot's nuclear weapons -- the north's nuclear weapons program. they will have things they'll want to discuss, principally, i think, under the general heading of how can the security of the regime in north korea be secured. i hope those kinds of discussions are taking place still between washington and pyongyang through other channels and that director pompeo's visit wasn't a one-off. but it seems to have gone reasonably well from what one sees in the press. neil: ambassador, you mentioned about one of the things that are on the table, denuclearizing the north korean, you know, arsenal here. now, how are we going to verify that, right?

it's one hinge to tease it -- one thing to tease it, to say that it's on the table, even to go ahead and promise it. it's quite another thing to do it. his father and grandfather hoodwinked us, so how do we make sure they're honoring whatever they commit to? >> that will be a very, very important question if we ever get that far in the discussion. neil: you have doubts about whether we'll even get that far in those initial talks? >> it's going to -- this is not going to be a one-off walk into the room and have a chat for two hours and walk out and a deal is done. neil: that's interesting, ambassador. how long do you think this would go? i mean, with the first kennedy-kruschev meeting went over a series of a couple of days. how would this go? >> i don't know. but if finish -- that will be part of the leadup to the meeting, what is the actual, expected outcome?

if it's to say, okay, we've agreed on two or three goals we want to address and now we're going to have a longer, detailed discussion between delegations, that's one thing. if there's a broader agenda, i think it's going to be very, very difficult to reach agreement. the kim regime and mr. kim are ruthless, they have a very clear idea of what their goals and objectives are, and i think they will press their -- defend themselves very forcefully in the discussion. so it's, it's unclear what that time frame would be. but it will be very difficult. neil: all right. we'll watch closely. ambassador, you bring a good deal of just cool-headed, you know, realism to this. don't go into it giddy and all of that. thank you, sir is, very good seeing you. >> thank you. good being here. neil: all right, let's take a look at the dow right now. apple, of course, disproportionally affecting this and higher interest rates certainly the underbelly for what has been a selloff that has

picked up some steam here. we routinely have these wing swings of down 1 or more. more than double the numbers of such days than we had all last year, and we're not even a third of the way through this year. more after this. ♪ ♪ nah. not gonna happen.

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you're welcome, america. what we're taking a look at, and this should be fun, because every week we're going to look into the kind of issues that could affect you either thinking about retirement or those on the verge of retirement or those surrounded by people you work with who are urging to retire -- [laughter] what are you laughing at? it was a joke. with me right mow, jack otter -- right now, jack otter. i didn't realize this, he wrote a great book a few years ago. it was right after what was one of the worst decades for the stock market, worth it, not worth it. it takes a look at principles of investing and planning for college and all of this, the pros and the cons, what you can do, and it's so well written, it's very, very clear. i read it in a morning. it was good stuff. so who better to help me navigate these retirement waters? he's a lot younger than i. good to see you, my friend. >> i'm so glad that if you're the anchor on the less than riveting subject, i'm the guest. neil: they're already telling me

thanks for selling it, cavuto. one of the things when interest rates go back up, you know, i know people panic about this, but if you're a saver or depending on a cd or your social security and the increases are pegged to those rates, you want interest rates to be higher than they are. how does that play out when you get chose to retirement -- close to retirement, the reflecting and improving economy, that's why they're rising. how high is high? what's the effect on people who worry about their stock investments? >> in all seriousness, this is a very serious issue for savers who have been miserable for a decade now with such low interest rates. neil: right. >> so it's a double-edged sword. on the one hand, of course, you want more income, but the process of getting there is very painful if you're a bondholder. and a lot of people probably don't understand this dynamic. when yields go up, when the income from a bond goes up, the value of that bond goes down. neil: that's right.

>> the reason is because who wants to buy your 3% bond if there's a 4% bond out there? so the 3% bond is worth less. so the only thing that savers can do, in my mind, is to look forward and think, well, if this keeps on going, i don't want to own those bonds that are going to get cheaper. so a cool thing right now -- neil: it feeds on itself. >> exactly. but you can get a two-year bond, this is a great thing, the best in ten years, a two-year bond now has a decent yield of over 2%. and so that is a good -- neil: by the way, there's a crunching between the two and the ten-year which sometimes presages, not all the time, a slowdown or worse a recession. >> if it goes negative. if the two-year bond is yielding more than the ten-year, then that is almost a full proof sign of recession. so everyone's watching this really carefully. but the other signs of recession just aren't there, right? unemployment is very low. we're seeing nice earnings growth. so it's a little bit of a mixed

signal. it could reflect the fact that this earnings jump is not sustainable. right? we've had this tax cut, we've had -- neil: and a that's why we're seeing these 20-30% year-over-year returns, i mean, eventually you're going to be comparing to like periods. >> exactly. so credit suisse says that 7% of the expected 18% jump in earnings this quarter is about the reduced taxes. and then energy, obvious, is skyrocketing. energy earnings are far and away the biggest component, up 79% -- neil: although not today. i know the president did that. a lot of people ask this especially when you are getting close to retirement, some of the issues that we're talking about here, you're supposed to get very, very conservative as you pointed out in your fine book, targeted funds, you're supposed to have less in stocks, more in bonds or cash, what have you. so people now on the verge of retiring or within the next few years, they're looking at this interest rate backup and they're thinking, gee, stocks have had a

great run, a nearly decade-long bull market run, you know? 3% return on a ten-year note or close to it might not be great, but it's backed by uncle sam, and i don't know about stocks anymore. what do you tell them? >> first of all, don't buy the ten-year, buy the two-year. you get almost as good a yield, and you can trade it in and get a hire one. neil: by the way, that doesn't always apply to cds though, right? >> right. neil: you're actually better off going longer term for the extra, right? >> well, this is a case where you have to read the fine print. if you're allowed to cash that in without a small penalty, then, yeah, go for the long run -- neil: but you do see rates backing up? [laughter] >> that's a good question. they may not if, in fact, this is the high point for earnings. mario draghi said this morning it's part of the reason i think the market is down that this may be peak european earnings. if growth doesn't skyrocket from

here, maybe three something is the ceiling. neil: what if we have the best of both worlds though and we're missing that? we have stocks that are fine, not too crazily valued, and interest rates, as i said, i can remember them being a hell of a lot higher. it's not that bad. >> noment i think there are a lot of forces that will keep a lid on interest rates, it's not that bad. but first to your question even if you're on the verge of retirement, you want some stocks. i mean, if you're 60, your life expectancy is somewhere north of 90. that's a long horizon. neil: let me write that again. if you're 60 or close to it -- >> you're, you or your spouse will live past 90 according to statistics. neil: wow. >> so, therefore, you definitely want some stocks. you're going to live through multiple bull and bear cycles. headache sure you diversify overseas, those stocks are are cheaper, and you might want to think about getting income from things other than bonds because

of the possibility -- i'm not saying it's going to happen, we don't know, but if they do go up a lot in price, then you're going to get hurt. so you might want some floating rate securities which are available in etfs and mutual funds, and that way as rates go up -- neil: you panned etfs for the most part in your fine book -- >> well, i didn't really pan them -- neil: oh, you most certainly did. >> they were the shiny thing -- neil: a recent phenomenon. >> and they're not necessarily better because they're new n. a lot of ways they are very good, but you pay a fee each time you buy and sell many of them. neil: bottom line retirement, to your point, no matter how rich you are, it's what you spend, what you take in, and that's what you've got to adjust to. >> of course. spend less than you're taking on. neil: now you tell me. [laughter] >> you've got time. neil: you notice how he routinely mentions these examples that hit home. jack otter and i will continue to do this.

i know all you young people watching right now, you kids better listen! in english, and jack's very, very good at that. so are these next two fellows here. in fact, i call them the abbott and costello of what's happening at the cme. they're both thin and fit, not easily identifiable that way, but the one thing about jeff flock and phil flynn, they do follow energy markets closely. now responding to a tweet from no less than the president of the united states, right, jeff? jeff: someone said tweety bird's at it again. and the question is -- you heard, obviously, neil -- he's kind of angry at opec, right, phil flynn? >> he is. and he's saying, wait a second, we're not going to take it anymore. opec has responded -- >> reporter: yeah, breaking news here. >> yeah. the saudi oil minister basically came back and hit him with a business response. he's like, you know, mr.

president -- he didn't say it directly -- just, hey, we're not impacting demand at all. demand continues to rise as prices go up. if you were in business and you could charge more money and not impact your business, wouldn't you do it? >> reporter: look at that daily chart, neil, today. the intraday today, as soon as the president tweeted, that's when the price of oil started coming down. now at this very moment we're almost flat, down 13 cents. >> right. i think it's going to come back because they realize the president can't do a heck of a lot about it. and also we heard from the opec secretary-general, he kind of said, you know, we they should e thank us because we saved the u.s. oil industry. >> reporter: yeah. and real quickly, i want to get phil east take on this, strategic petroleum reserve. the president could sell some out of there, that would theoretically bring price down, right? >> for a short period of time, but he might not want to do that, we might actually need that oil later for a real emergency. >> reporter: okay.

as one trader said to me -- not phil because he doesn't talk like this -- i asked what can the president do? the trader told me he can't do squat, at least on this topic. [laughter] neil: angry. jeff, did you know -- never you -- but jack otter saying if you're 60 or close to it, odds are you're going to live to 90 or your spouse or significant other is going to live to 90. did you know that? >> reporter: i just turned 60 -- >> you are 90. [laughter] reporter: and i didn't plan for that. if i had known i was going to live that long, a, i would have taken better care of myself, and b, i would have saved my money. >> i think you're in good shape, man. >> reporter: spoken like a guy who's not yet 60. >> i think he's been drinking oil to stay this young. neil: i don't know. but he's got more energy than the rest of us, that's for sure. 60 is the new 59, so thank you guys very much.

[laughter] we're down 221 points. oil is still down and the president now moving from opec to nancy pelosi. we'll explain after this. ♪ ♪ (indistinguishable muttering) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches

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busy tweeting and not just on opec. for example, on nancy pelosi. he has been sending out some very terse missives saying that, again, her damning the tax cuts is going to ultimately hurt her and democrats. you wouldn't know that given some of the early fundraising numbers we have and the excitement around the democratic party about the midterm. but maybe we're getting ahead of ourselves or they're getting ahead of themselves. let's go to tier drink boll -- deirdre bolton and connell mcshane who was warding off crocodiles at mar-a-lago. [laughter] you're all right? i was worried. the president has to play this role of boosting spirits, that's the concern, get people into this election when there's such pessimism for republicans. >> and also that he's not on the ballot. one of the things i saw in covering pennsylvania '18 before and during that election was that rick star cone was

running -- star cone was running as the republican, and he was literally saying i was trump before trump, and he lost that election in a district that the president won by 20 points. so i think if the president himself, just in talking to people there and other districts around the country, if the president himself was on the ballot, he probably would have won again, and people were still happy with him -- those who had supported him -- but it wasn't him. it was somebody else. neil: that's a good point. that was the obama phenomenon, right? when he wasn't on the ballot, democrats were losing in the midterm. but what do you make of that? how worried when you go out and talk to republicans, what are they telling you? >> it depends on the area. example, pennsylvania is a perfect one, because it illustrates the challenge that republicans have in all the other districts. rick star cone was outraised by conor lamb by 500% in 2018. there is very few candidates who can compete when they are being outraised. in alabama the republican

nominee was outraised by 325%. neil: what's all this money i hear republicans have? >> there's a couple reasons for it. one is i think the democrats have technological advantages that are built in. neil: what are the -- >> going back to obama 2008, they were able to consolidate the way in which they do fundraising operations. they have over 300 million credit cards. whereas if you get an e-mail, it takes three or four pages -- neil: you guys up on the internet? >> we're hoping maybe by next year, maybe right after the election it should work out. but there are areas in which republicans have caught up, the fundraising is an area we lag behind. you take someone who was on fox earliered today, dave brad, who just got elected as a college professor, he didn't get elected at 21 and 28, so he doesn't have that history of -- neil: that's right. polls are closed for him. and he was the rebel candidate. >> yeah, sure was. neil: deirdre, much is made of

the fact that everyone seems to think that these 40 republicans, whatever they are -- >> incumbents, yeah. neil: -- retiring or leaving, they're getting out of dodge now, this blue wave is real, and they want out before it is real. >> outraised by at least one democratic challenger, but i think at least for the primaries there are more democratic challengers, plural. so in some case there's a divide and conquered hope, but when somebody does emerge from the primaries, presumably the democratic candidate takes advantage of all those small bits of money. but i still hi the republicans tend to be -- have more of an advantage when it comes to the pacs or superpacs at least from what i've been following just on local levels. it seems to be those small donations that really are giving the democrats an advantage. neil: what about these narrowing gaps you see between -- do you prefer a democrat or republican congress -- and that's narrowed to mid to high is single digits.

>> five or six points now, right? i the you made this point that sometimes we get ahead of ourselves and assume something's going to be one way many march or april, and it's different by november. i don't think there's any doubt that republicans are getting out of congress for the most part are doing so because they think they're going to lose in the fall and that the party has changed, that it's not what it was, that the midterms are just not kind to republicans. now, they could be wrong, and wouldn't it be ironic -- neil: they are pointing fingers at each other. when i was in washington this week, a lot of house republicans were blaming, the senate republicans blaming mcconnell, going after the president saying you feigned surprise, you and your people knew what was in it. so there's a little bit of pre-agitating going on. >> there is. number one, on polling side, yes, the intensity advantage for the democrats still exists.

neil: they're more inclined to run out to the polls. >> much like republicans were when obama was president. i do think republicans have issues to run on. if we begin to start shooting arrows at each other, we lose the opportunity to talk about the things that have been done specifically with regard to tax cuts. they can succeed on it. >> and senator orrin hatch on tax day, he released that video of him shredding the tax code to that -- you're not going to make me sing the whole thing. neil: i don't know if that's a winner for him. i knew what he was trying to do. guys, thank you all very much. we're still down about 228 points. interest rates getting very close on that ten-year to 3%. what does that mean if and when it happens, after this. ♪ hi.

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>> what would it take you to get out of the stock market if you are in it. what would get you to accept the yield of 3% or under and go to bonds? that is really this back-and-forth that you hear so much about. i know it can sound boring but as many of you know, i am the editor of boring and this will be the one to watch. as a point at which investors start thinking i'd rather get that 3% protected by uncle sam and risk getting pummeled in a market that could be poised for

a selloff. that goes back and forth depending on the news of the day in the drama over apple in the political machinery in washington and what's happening with the investigation. too that point, we still have that investigation going on. rudy giuliani added to the presidents personal legal team on how all that is going on. apparently rudy giuliani is in there not only because he has good relations with bob muller but that he is intent on trying to see this wrapped up. can he actually do that? >> the legal team said it would be wrapped up by the end of 2017. here we are 100 plus days later in the middle of april headed toward may and there is still no sign or at least no timeline of when the bob muller investigation will be wrapped

up. regardless he is bullish on being able to ms within the upcoming week. this is the bold statement he made with the new york post. he said i don't know what's outstanding but i don't think it will take more than a week or two to get a resolution. they are almost there. i'm going to ask muller what you need to wrap it up. coincidentally james cooley was in the middle of making the media around and he was asked his opinion on this new hire. >> i don't know what to make of this. there's no doubt rudy giuliani is a very smart and skilled attorney. i don't know what the attorney-client dynamic is like around the president so maybe he will be successful in areas where others weren't or maybe it will precipitate a clash but i just don't know. >> you mention all the major comings and goings but there are other stories, no doubt about it including james comey, the memos, 15 pages that were mostly laid out.

democrats say shows they tried to obstruct justice. the president says it looks like there is no collusion with russia whatsoever. speaking of that, huge story down the street from us the dnc filed a lawsuit some 66 pages against the president's campai campaign, donald trump junior, paul manafort and it goes even further beyond that. julian assange and russia itself over meddling and what they would say is essentially collusion working together back-and-forth during the 2016 election. no comments so far on the white house or from the trump campai campaign. >> we might have to push back this two-week timetable. blake, thank you very much. also, speaking of lawsuits in all of this, the hill is

reporting that andrew mccabe, former deputy fbi director is playing to planning to sue the trump administration for defamation of wrongful termination. he's also considering filing other civil claims, this is on the heels of the inspector general and obama era appointee recommending a criminal inquiry into charges that andrew mccabe lied to federal investigators. each time you're found guilty of doing so would land you in the slammer for five years. we are following all of these developments and getting a read from the former fbi assistant director, chris, things are moving pretty fast and fierce here. i would imagine, in this environment the idea of wrapping up anything, anytime soon is out, but i'm no lawyer. what do you think? >> he's great but he hasn't been

in a courtroom in about 20 years but i don't think he will move the dow one way or another. i worked under special counsel muller and i know how he operates. he mama anyone stampede into it bringing this quite case to an early conclusion. that's not to say he's not working quickly. he's is working at his own pace. i do think something will happen over the next month or two. >> when you say somebody will happen, what do you mean. >> you see that the sentencing has been put off till the end of april, there's a couple other things running in the background that leads me to believe that he has to keep these witnesses on ice until the next indictment. there are all the earmarks here of working your way up the chain, the food chain to the next level, whether that's from junior, whether it's kushner, whether it's paul manafort piling up more charges relating to russia collusion, who knows.

i don't want to see the president brought into this but i don't think he'll get brought into this but i do think something else is coming. >> there's a bloomber bloombergy reported elsewhere that he had told the president last thursday, you are not the target of this investigation. they didn't rule out the possibility they could be down the road, but they are not. he volunteered that information. what are we to make of that? obviously i know, you can remind me that things can change, but what does that mean that the investigation could potentially be going in other areas? this conversation was post the raid of michael cohen's home and offices of the president's personal lawyer. what you think. >> , little skeptical. it's a matter of semantics. according to the attorney general guideline which governs an investigation by the fbi and the attorney general, you're

either a subject or you're not. the word target doesn't come into play if you read the guidelines. in the open investigation based on education or fax that an individual has committed a cri crime. >> i understand but why would he tell the president that? some had read into that that if this happens and it's disputed, but maybe he's getting a false sense of security that he will volunteer to answer questions from muller. i don't know. what you think of that. >> a measure he actually said that. just based on what i know about federal investigations, i'm not sure those are the exact words he used. i'm skeptical about that. some information was passed, maybe there was some talk about whether he was a target, but i don't think so. i just think that's not the kind of language used by him and it's

not an official term. it would give me any comfort. >> i'm so glad you confirmed that. i'm an idiot with the stuff. what is sounded to was neat and packaged and tied with a bow. >> it sounds like pr to me a little bit. neither rosenstein or muller will refute that right now because they're not talking. >> you know there's no rebuttal to that coming from their direction. >> interesting stuff. thank you for taking the time. the former fbi assistant director. with us now is charlie gasper and appeared what do you think that. >> i've got some news on muller but before we get into that, maybe i should have went into law. >> that would be scary. >> but the fact that you're not a target means almost nothing.

>> and it changes. by the way targets are about to be charged. the president of the subject and that's pretty critical stuff. rosenstein didn't tell us the so we know that rosenstein has a little bit of an issue. he was almost fired last week. now trump has backed off since after this meeting. i took it all as rosenstein trying to save his job by reassuring the president. >> i don't know if he even cares about his job. if you want to be cynical the other way and say he's trying to give the president a false sense of security. >> yes, i think it's both. that's how i took that story. if you notice the market traded up. there's positive stuff on trump and muller. >> why is that. >> they like less regulations and they see democrats. >> to think that imperiled. >> if you remember the market

has biked up and it sold off again. the market sniffed this out is not a big deal. >> others involving economy and tech stock, it doesn't matter that much. i know you have the judge on later. he and i have and doing a little reporting on this and we were trying to figure out just what would muller's people think when they heard rudy giuliani's claim that he would and this in weeks. apparently he was out there talking this up for all day yesterday saying i think i will in this in a couple weeks. i think until two weeks, he told others four weeks but he basically said he thanks this thing will be an open and shut case. >> remember what chris was saying by putting off a lot of these actions on individual players like general flynn and the others that there might be something. >> he said, and what mother's

people are saying is be skeptical of the stuff. like rudy's just gonna snap his fingers. they are throwing cold water through our sources on the notion this thing will be done tomorrow. rudy makes it sound like this thing is two weeks away. >> i just read, you follow this more closely than i do but that there might be something happening in the next month. it would behoove putting off a lot of this action on these other individuals and tie it in a bowl later on. >> what he thanks is this. you just heard there's another drop meaning another indictment coming. he speculated on his that indictment might be. don junior, or whoever. that's a name that's been out there. you have the michael cohen thing just around and he thanks that is another option. >> you think of the president isn't out of the woods yet. >> that's what they are saying. >> all right.

>> that doesn't mean he's in the wood but they're not ready to dot the i and cross the t. >> got it. thank you very much. all right. bernie marcus, another controversy that was heating up in washington that has nothing to do with clinical scandals or divide but has everything to do with spending. did mitch mcconnell throw the president under the bus or was he mad that the president threw him under the bus? the read from the billionaire cofounder of home depot after this. [fbi agent] you're a brave man, mr. stevens.

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congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. barbara bush in st. martin's church in houston texas. the funeral will be held tomorrow. 2500 will be packed into that church, invite only. this was the same church that held a funeral for the last man

to walk on the moon and the same reverend will be given the homily. it is a riveting speech and i'm sure he will deliver riveting remarks about the former first lady. is very close to the bush family. he hopes to bring laughs as well remembering a lady who was very much a own woman. the political battle, the reality continue right now particularly with matters of spending. i sat down with mitch mcconnell and he reminded me of the back-and-forth with the white house over this $1.3 trillion spending plan. the president use that as an opportunity to say i'll sign it and i won't do anything like that again. it was obvious that senator mcconnell felt that the president a lot of people agreed to this under the bus and the

president and his people were very aware of what was in there. long story short, he's trying to resend a lot of the spending. the read on all of this was bernie marcus, i definitely got a sense that that tension still exists between the establishment figures in the president. what did you make of that. >> trump never realize the reality of going to washington. he's used to running a big business and he iran it and made decisions and got things done and it happened. he has to deal with congress of the united states. is not that easy. he sign the bill and it was a pretty bad bill. he got money for the military, he needed it and they were

gleeful about it which means we overspend again. we spent a lot of money but the truth is i don't think mcconnell will be able to clawback. >> just to be clear, he doesn't want the president to go crazy resending a lot of spending. i think what he saying is if you want to revisit it revisit in the future but what do you think that. it's talking points for the president. this is a talking point. the relic is nothing is going to happen, then i can go back and do anything about it. i would recommend and say spend your time and energy in the

house and senate men have a vast majority when do the right thing again but is not what happened and that's the reality. >> to get a sense right now that the markets with the prospects whatever they are surviving this russia thing, when it looks good the markets revise what looks bad they think. from the investment side it feeds the idea of let's just get this done with. >> the message is a good one. the tax cuts worked. unfortunately the american people to the media don't know they worked. many people today don't get paid

by check. it's automatically deposited in the banks. they don't even know they got a break. >> that's more of an issue than we know. i'm nothing people completely ignored the money but you wouldn't notice it right away. i might be a problem for republicans hoping to seize on the goodwill they thought they get. >> you know we are very involved with job creators and now there's a bus tour around the country saying tax cuts work and tax cuts do work and today there meeting in virginia beach. nobody talks about what this has done for small businesses. i have talked to dozens of these people. you take a small pizza place which is really where america is, the 39 businesses in the

united states was 85 million people working a nobody things about them. i spoke to these people. they tell me two things. it's been a terrific thing for them, they've been able to expand because they can write off their expenses, their taxes went down to a level where they can handle it. they're hiring more people, they're paying their people more money and by the way, tax cuts, the bus tour that were doing around the country actually 50 stops in 30 states is to hear these stories from these small businesses, let them tell america because they get a local tv and people don't even know about it. vicki is for them to talk to their employees and let their employees know that the amount of money they now see in a paycheck really came from the

trump tax cut. i think it's a big selling job. >> if you had this environment today when you were coming up with the home depot, what it been a lot easier for you. >> oh my god. if we had, if home depot started out in 1979 with our first that if we had the restrictions in the litigation and all the things to deal with that a small business has today, i don't know how they do it but i can tell you this, home depot would probably be a chain of about eight stores and maybe we would be verging on bankruptcy today only because the government helped you in those days. they were interested in creating jobs in america and i don't know what happened to the democratic party, why all of these restrictions came in. right now what trump has done in this last year by not by knocking out all these

restrictions, you have no idea how easy this has become for small businesses. cnn is never going to address this. thank you for even allowing me to talk about it. >> that and whether ken is right when he says he was the brains and inspiration behind home depot not you. >> there's no question about it and he's italian. >> you know what italians are like. >> please, don't get me started. corporate american visionary, coming up with home depot in the midst of one of the worst recessions in american history. it was a very, very tough time. it was amazing. thank you so much. >> you're welcome. >> we are down 213 points. home depot among and nothing to do with this but everything to do with interest rates backing

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go national. go like a pro. welcome back. i am live on the floor of the new york stock exchange. were watching wells fargo. the stock is higher by more than 2%. this is after the big news that wells fargo agrees to pay $1 billion in order to settle the customer abuse. this payoff goes to u.s. relators who said it's abuse of customers in auto and mortgage businesses. wells fargo say they will reduce the reported numbers for the quarter. then we take a look at apple. apple is shaving off 40 dow points throughout the day. it's actually setting up for a bigger selloff in two months. it's down about 4%. concerns about the iphone ten, that's being killed off.

slow iphone sales and we've seen a downbeat guidance from one of the semiconductor companies. >> thank you very much. we are also keeping very close i on confirmation or the lack of mike pompeo, the cia director. he is as close to not getting support. he's opted to indicate she will vote for him but the bottom line is if he doesn't have the votes secured within the committee and michael outside the committee. with john mccain gone it's really a 50 - 49 senate in favor of republicans. should this be happening at the time we know in retrospect that he's already met with the north korean leader, there's a lot on the line.

this is amazing. normally president, no matter what you think of them or what party are in, unless there's something egregious, they give the benefit to the president. not now though, it's stacy. what's going on. >> it's real dicey. i don't understand it at all except through the lens of. bipartisanship negligence. for there's opposition to the president and that's the only way to view the. >> in the case of rand paul, this libertarian view, aggressively getting into them, i guess i can kind of understand that but even with that i'm wondering where is he going. >> even with that, it's not about the policy. he was elected to carry out his policy, he puts people in place that will help him run the government in accordance with the worldview that he was elected.

what iran paul's worldviews are, he didn't get elected president so he didn't get to decide foreign policy. he gets to say but he's not the ultimate decision-maker. >> i'm wondering, regardless, i'm seeming when all is said and done that he does slip in, maybe something happens out of committee or bypass the committee, i don't know what the senate rules are but i'm assuming he does become secretary of state. >> that meeting that he had easter weekend with the north korean leader, what you think happened? i know they were supposed to lay out the talking points are what he'll get into her set up the mental talks that include kim jong-un and present trump, but what do you think happened. >> i think they open a dialogue and had an initial conversation. a lot of that will be about north korea's goals with the peninsula. the united states goals or denuclearization. north korea amended their constitution in 2012, 2013 to

say that they lean toward a nuclear power. it was added in there. they probably have some discussion on verbiage, what are we going to talk about, lay some ground rules, are they serious. i think mike pompeo could come back to the president and say this is worthwhile, this is a possibility of some very historic event happening, let's pursue it. >> thank you very much for all your incredible service. it's impressive to me. >> thank you very much. >> in the meantime, you've heard about all these lawsuits going back and forth. they said suing the white house by the way they been portrayed as liars, et cetera. it is illegal you know what storm. what now, after this overcrowding, and overheating. we've got aging roadways, aging power grids, ...aging everything.

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all right. the lawsuits are going fast and furious. the dnc is suing the campaign over the whole thing in 2016 and how it all parceled out separately. this report and even mccabe is going after the trumpet ministrations for lying and misrepresentation. when everyone is suing everyone, i need to make sense of it all. here to do it, the greatest legal mind on the planet, i'm telling you, this, the suits that are going to come out of this even before we get deeply into this, i just think these are a preview of coming attractions. >> i think you're right but i also must tell you that the courts don't like lawsuits like this. these almost seem like they are vengeance lawsuits, by which i mean you sue the person you hate to force them to spend legal bills and expose her documents

and files but the litigation is really not going to go anywhere. i don't know if andrew mccabe is going to sue the white house, but of course that would be preposterous because he is a public figure, and the standard that a public figure has to meet in america today, in order to bring the case successfully is so high. he would have to show that the president of the united states, the people who work for him knowingly spoke falsehoods about him are reckless ingratitude about whether they were speaking truth or falsehoods. that's a very difficult standard to make in the rough and tumble politics of washington d.c. the courts have interpreted the first amendment to give people a lot of leeway. now the democratic lawsuits that was filed this morning basically argues in a civil litigation context with the president's

most hardened adversaries have argued should be in a criminal litigation context and that is an actual conspiracy and agreement between the trump campaign and agents of the russian government to hack the dnc and hack hillary clinton, to give this to wikileaks and have wikileaks expose it. we know that wikileaks exposed it. that's a historical fact but we don't know where they got it from and if the democrats are on to something or if it's just political to try and embarrass the president. >> or to take our minds off whatever muller and his investigators might come up with work include in the near future. >> now you are starting to sound like a very astute lawyer, mr. caputo, yes. our former colleague glenn beck used to always say, watch the hand that nobody else has watched. when they're waving at at you, watch what they're doing with

the other hand. they may very well want to divert attention from a special counsel criminal investigation which they perceive as having dragged out so long that the public has lost interest in doesn't appear to have too much meat on the bone then to another area where they can be wilder. look, you can't force the potential defendant in a criminal case to sit down in front of a grand jury and answer questions. we know that. but you can force, i'm speaking of the president, the defendant in a civil case, you can force them to sit down and answer questions in a civil case. you have so many more tools available to you. i know donald trump is probably going to say this is just sour grapes or they lost the election and they tried to blame it on the russians, good luck, but they can force him to answer questions under oath in this context. >> well. thank you very much. have a great weekend.

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the boomers are bragging about the ten year treasury note. you know it's a big deal. the closer we get, i'd be curious how you folks at home, just to build up the drama, what happens when we hit 3%? that supposed to be a magic level at which everyone either freaks out or moves on. our boomers are here. the not so bitter today but elizabeth mcdonald, charlie brady and we've got lead capital steve lee. >> what happens when it stirs the drone. >> you and i have known each other for decades. >> remember and 87 we touched 10% on the ten year, and now all the sudden people are freaking out about something that hasn't yet approached 3%. it does seem a little weird but it is what it is. >> and people always need some

number to hang on. now it's three. if it goes through 3% and you have inflation going up, which i think it is definitely going up, look at oil prices, $74, it could go 90. >> so this is justified what's going on. >> totally justified. the market is going to get volatile. it won't get volatile because of 3%. it will get higher because of economic growth. >> two days ago, literally the markets were freaking where there was a flattening yield curve that could get inverted. that means when the yield curve flattens they worry about recession. now they're worried about the opposite inflation because we have a better economy. put it in context, this is kind of a good thing.

>> even higher oil prices, up to a point there are good things. what can kill the economy very quickly is if you see a spike in oil. >> if we get to 3%, is that the level at which people say out of stocks, into bonds, i've got uncle sam protecting me and it's bad for stocks. >> it looks like it will finish about 2.94, 1%, that will be the highest close in four years. >> but you didn't answer my question. >> no, it's going up because of inflation this week. earnings. [inaudible] >> will people freak out at three. >> no, i think will be a lot of press but the markets will resume. >> the co came out with the reports that the tax cut are

going to create trillion dollar deficits but they said gdp growth will go to 3%. that was a headline that was not really reported in the media, but i'm interested in what's going on with housing market now mortgage rates are for percent, the national association of realtors already said will not state and local tax deduction goes away and every state, at least 10% drop in house prices so when you see mortgage rates climb up with deductions going away, that means that home equity that consumer spending confidence could get hit. >> that's a very good point. charlie, backing up on what you said, i was trying to think. >> don't do that for the segment. >> this is just a foreign half your height. in other words we 3%. it wasn't in 1940s last time we saw 3%. we had 3% four years ago and was still standing.

i don't see it as a big deal. >> i do think you need a little more than 3% growth as paid on the deficit. >> i've heard mc mulvaney talk about 3%. i think you need more than that's really pay this down. >> right now it's not a big fe fear. >> let me get you some more media i will keep talking about the robert muller thing. worse it looks for the present, the worst it looks for stocks. you know the drill. how about all these call me me memo. >> would you just wait i'm trying to bring this in. i'm kidding. were looking at these memos and whether he's releasing classified information. >> catherincatherine harris sett two memos he leaked could have classified info. >> don't they redact that. he may not have.

>> the thing with this, 338 days in with the muller probe, it feels like scandal fatigue. if there's anything it would've leaked already. >> do believe that rosenstein actually went to the president and told them you're off the hook? i cannot believe that. >> i think it's quite possible but i don't believe it. >> rosenstein wanted, last friday i reported that it was widely known on treating that he was basically out. he saved his job somehow. i think. >> did you think you would really want to save his job one way or another. >> yes. >> the point is, if he said trump is not a target, the trump campaign is still a target. >> here's what i want to get back to the money thing. how about go down if this leaves

the president alone and might take some people, it might even take his son. he is not brought down as a result of this, then what. >> i think you'll see a relief rally. because april 9 when colin's office was raided by the fbi. the dow lost 350 points in the last hour of trading on the news because they were up over 440 points. >> my feeling is if they take down his son and him alone, i think it will be such a backlash against that because his son -- >> when we talk about the markets and how it's tick for tech on the course of this, much like the trade stuff with china, the more likely a trade war looks the worse the markets look. i guess it depends on how it's done. >> the psychology now is everybody is fair game except

for trump and the markets like it. if you start building a case -- >> how do you know that the mechanism by which to tease the president in, suck him in, talk to muller engine. >> it might be. that's the thing giuliani has to figure out, how to get him in and when. if you're creating this impression of the president's son, all these major players around him are crooks, i'm not saying they are but if that's where this endgame goes and it stops. >> like steve cohen, the former trader of capital never got charge but all these people around him got charged and it reflected that on him. >> he's back to work now. >> right, but they've already brought down these guys. michael flynn. >> back in the beginning of the show they were saying a lot of

these investigations and a lot of the people brought up, they've been put off for another month. did he say that and making him believe that it was very possible that some sort of a conclusion to all of this could be a month or so away. >> do we believe then that giuliani can do what he said he's going to do, bring a quick resolution. >> wouldn't have anything to do with giuliani. it's fast-moving. >> he's been taking credit for something that's going to happen anyway which is giuliani. he's got good points and bad points. >> let's say get that out of the way. i'm taking serious leaps here. now her back to economic stories, good earnings, the tax cuts, people worry about the midterms i guess, how does that play out the rest of the year,

the so-called fundamental. >> hopefully will see earnings live up to expectations for this post be up to 18% year-over-year, over 7% on revenue. next week will be a big test of that. it will be one of the two biggest earnings weeks. that may take some of the focus off the geopolitical drama. >> and to charlie's point, many, many many s&p 500 companies did discuss the tax cuts positively in the earnings conference call. the lay of the land right now is a net 39 republicans after the special elections washout will be leaving. were talking about the snare drums of the republican party. it's darrell issa, it's good lot, it's trey gaudi, there's 20 democrats leaving print this midterm is in play. we don't know if the democrats will take control or not. >> the other thing is this, look at gdp growth. if you get a decent number, that keeps interest rates down. >> all i know is if you do this in investments, go against the consensus.

>> no one knows what the consensus is right now. >> i follow that what you started though, you said 3% hang get out. >> we are at our time. all right. we didn't mention china. all right. more after this. you remembered. it's good. does it make the short list? you remembered that too. yeah, i'm afraid so. knowing what's important to you... it's okay. this is what we've been planning for. thanks, bye. that's what's important to us. it's why 7 million investors work with edward jones.

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neil: all right. wer are looking live in houston, texas. barbara bush lies in repose at

church. that is her husband, 41st president of the united states greeting well-wishers. remember his wife, a unique marriage, 73 years long. the funeral, this is the day to pay your respects, funeral tomorrow. we'll cover all of this cavuto live. to trish. how are you doing? trish: i'm doing well. happy friday. we're off the lows of the session. that is good news. tech, energy stocks dragging major averages lower. we'll see how it goes next 60 minutes. welcome, everyone to "the intelligence report." ♪ trish: all right, also breaking right now the democratic national committee is suing the trump campaign, wikileaks, the russian government, accusing them of conspiring to influence th