free cash flow against dividend of 85 cents. [closing bell rings] it is quite compelling and down. liz: george, you're compelling. we always love to have you here. george bell, thank you so much. markets close flat on a very busy news day. that will do it for the "claman countdown." david: a dramatic final hour of trading. the dow ending almost flat as investors digest president trump's decision to withdraw from the iran nuclear deal. once the news came out, the market said, so what. s&p, nasdaq are trading in different directions. nasdaq up a little bit. s&p is down a little bit but basically flat. melissa: i'm melissa francis. this is "after the bell." that's david asman over there. we have more on the big market movers. first, here is what else we're covering in this very busy hour. withdrawing from the deal. president trump telling the world he is pulling out of the u.s. this historic iranian

nuclear agreement. >> it is clear to me that we can not prevent an iranian nuclear bomb under the decaying and rotten structure of the current agreement. melissa: latest reaction from leaders around the world. what it could mean for the markets and for your money. plus voting underway right now in four key state primaries with a few short hours until the polls close. we have a live update on some of the most hotly-contested races. we're moments away from what could be a blockbuster report from disney. they're calling it the "black panther" bump. david: look at the dow, ladies and gentlemen, closing up. granted only three points. it is barely negligible. when you think how far it was earlier today, because of all the fear about what would happen with the iran deal, the announcement by the president they will be pulling out of it.

the day ends in green. phil flynn of price future, a fox business contributor is watching the action in oil. that was a key component of the things moving up and down, and gold, from the cme. and nicole petallides is on the floor of the new york stock exchange. so, nicole, why were traders nerves so calm about what happened? >> it is interesting. we had some gyrations just after the announcement. president trump announcing that we were pulling out of the iran nuclear deal. that is when we really moved to the lows of the day, down about 158 points. came back off of that low. in fact took it somewhat in stride. we were trading in a range. at the end of the day, back into the green. originally when we spoke we moved back into the green. we're taking this in stride. phil will break down oil prices. for the day, nasdaq, dow and s&p were all in the green. nike, dow, dupont, verizon,

jpmorgan, ge, chevron, shows finished with up arrows. that being said the fox, whole media merger talk was certainly a big story. you can see disney is to the downside. waiting on. earnings. that puts a deal with disney on the table. all three finished lower. fox hit a new high. last but not least, it is earnings season. dish network down 12%. the lowest lows we've seen since 2012. hearst down 18%. back to you. -- hertz. melissa: phil flynn down at cme. phil, talk to me. >> this was a well-telegraphed move by the trump administration. today we got weird headlines, they're in, they're out. we saw a lot of volatility. but at the end of the day the market was not surprised.

european crudes, brent crude, they were a lot stronger, they would be impacted more directly by iranian potential loss of crude oil. we saw a lot of risk-on. 9 risk-on in oil goes back where we were years ago when we knew iran was trying to make a nuclear weapon. we may be back in that kind of mode. the markets could be very nervous. gold reacted to the announcement. we saw a little bit of risk-on situation. but at the end of the day, the uncertainty, there will be more questions, how iran will react. definitely it is not bearish for oil. you will lose hour -- more iranian oil in a tight global oil market and some conflict and traders will have to be on edge. back to you. >> phil, thanks for breaking it down. great stuff. david: liz peek from "fiscal times." james freeman from "the wall street journal." he is also a fox news contributor. kevin kelly from ben much mark

investments. the key how we treat our partners that will be dealing with iran. that is airbus, for example. 10% of its part come from the u.s. therefore is it possible that the u.s. sanctions could stop airbus from selling any planes to iran? >> it is possible. i think new sanctions right away become very impactful in the banking industry worldwide. the banking industry worldwide becomes difficult for anyone to transact in dollars if they want to do business with the iranian government if we put sanctions there but as you know there has been not all that much american business that has gone into iran since the deal happened. i think maybe people thought this day might come. that is maybe why the markets are taking it more less in stride. david: liz, i'm looking at the presidential memorandum on iran. it talks about educating non-u.s. business community on the scope of prohibited and sanctionable activities. looks like it is kind of leaving open the question of secretary

sanctions here. >> that is another reason that the markets didn't overreact here. we're not really clear what our trading partners, what is china going to do, for example? will they back off buying iranian oil? i doubt it. if most people think this change is going to mean a loss of 300 to 500,000-barrels a day, that is probably priced into the oil markets at this point. if it is more than that i would be really surprised, again oil does travel. it is fungible. who knows where china will be buying their oil. i think there is a lot yet to be determined. david: kevin, once again traders are getting accustomed to the trump style. trump is getting accustomed to the fact what he says can move world markets quickly. >> i think the biggest notion is that american companies were moving into iran after the deal happened anyway, especially u.s. listed companies t was really the your pines. that is why it was big deal. david: kevin, sorry to cut you mid-sentence. we have breaking news.

disney reporting second quarter results. let's go to susan li. hi, susan. >> earnings per share coming in, excluding items looking at $1.84 a piece. that is higher than analysts estimates at $1.70. that is a beat. revenues, $14.55 billion, higher than what analysts priced in for the quarter for the three months. yeah, looks pretty good across the board. remember walt disney only missed three times since 2015. looks like they're pretty much on track for what we've been used to. now we're breaking down the segments, media networks, which includes espn and subscriber numbers and studio, entertainment, parks resorts. we'll look forward to the next quarter projections. bring that to you as soon as we get analysis. melissa: thank you so much. let's go back to our panel. we also have john freeman. good to see you, john, media journalist. james, let me start with you. what do you think of that beat? >> yeah, looks great. a lot of times movie studios get

in trouble when they allow film-makers to make the odd, edgy movies they want to make no one wants to see. disney does not have that problem. these are all big commercial block bus first. you can debate the artistic quality of some of the big animated films but they're on a heck of a roll. melissa: they know how to run the business. look at "black panther," we're breaking out separate divisions. "black panther" was a monster add for the quarter no doubt. >> disney is doing excellent job a simulating brand they have acquired over the years, inblahedding the the "black panther" brand and "star wars." last year "beauty and the beast" did well. they have to combat losing subscribers at espn. we'll have to see the breakdown. what is happening there. especially people are signing up for the streaming side. melissa: let me pause you for a second. david: we shouldn't forget the

parks and resorts. they are a key component for the profits. they had a huge quarter. $4.9 billion from the parks and resorts. that is a big increase. melissa: that is a food sign for the economy as well. john, let me ask you about espn and the streaming service over at espn is one of the big things we'll be looking at as well. because espn had been a drag. what is your take on that? >> so hard to say because espn as you said is losing subscribers. that is the the main problem. people are conduct the cord also. espn has not been showing great affinity with streaming yet. other companies have been better with streaming. they have to pick it up to show they can do it on better basis. david: studio entertainment revenues, wondering about this because of "black panther," increased 21%, melissa, 2.5 billion. melissa: wow. david: dollar amount is less than what parks and resort got but 21% increase.

melissa: looking at the bump up on both groups, liz, let me ask you, 13% on the parks. 21% on the studio. it is, if you think it is great work on disney's part? does it tell you about the consumer? what do you think? >> i think both. i think the parks revenue number is really important. that is ongoing steady business that wall street will pay for. the problem is big, huge, winning movies, any one-time event, investors don't tend to pay up for that. obviously the big issue with disney has been transformation of their studio business and right now, also we have overhanging the issue whether they can acquire the fox brand. there is a lot going on here. but look, consumers are interested in experience. that is taking your kids to the park. i think that totally makes sense. melissa: yeah. >> great to see people doing that. melissa: susan, has more information for us. >> you were going through the breakdown. let's talk about the studio.

we saw increase of 21% in the quarter. that is better than what analysts estimated for the revenues of that segment for disney. don't forget "black panther" came out basically halfway through the quarter. most of that could be realized in the next quarter as well. we had analysts raising and ratcheting up expectations for the next revenue quarter, including "the avengers" infiniti war movie. parks up. disney raising ticket prices in february. doing very well for them. melissa: let me ask you, john, reflecting on the numbers and thinking about the streaming business, they will put out their own platform, one of the things my kids go to whether on itunes or anywhere else they're looking for the disney product. there is a lot of competition out there. they get hooked on the stuff on netflix. how big of a gamble is it to have the own platform or genius move? >> it is sink or swim. if they don't do it, they will

be left behind. netflix is calling the pace. disney has no choice to keep up with the new technology. if they fall behind, they will fall behind forever. melissa: yeah. >> they have to catch it right now. melissa: james, what is your take on all this? >> you would think all the companies pouring money into production and new competition from netflix and amazon, so forth you would think profits would get squeezed. i would say in a very competitive environment it is a credit to them that they're beating expectations. melissa: that is a great point. kevin, do you think they can keep that up? >> i think they can. you can see they will take down all their content by the year 2020 on netflix. they're looking to come out with their own system, their own over the top to combat that and i think it will be important to note i think disney will bundle the experiences. bundle over the top going with parks and recreation, all access pass, whether streaming to the parks.

getting back to the parks, the parks did exceptionally well. looking to revenues it exceeded estimates. and better than all the other segments because of disney shanghai opened, going gang bus terms of only own half of that in china but dues exceptional. melissa: david, what is your take? david: bottom line, it again exceeded expectations. however as you can see after-hours it came down a little. a lot of the expectations, a lot of the beats were kind of worked in, it has been such a stellar quarter for earnings. 80% of companies that reported beat estimates by wild numbers, by 20% in some cases. the market is getting accustomed to a booming economy. that is the bottom line. melissa: good stuff. david: fierce critic of donald trump and vocal supporter of the me too. mo, new york attorney general eric schneiderman now resigning amid a bombshell sexual scandal. we're diving into the details coming up. melissa: plus the decision the

world has been waiting for. president trump announcing he is withdrawing the u.s. from the iran nuclear deal after months of criticizing it. longer than that actually. we have all-star guests to react. coming up famed reagan advisor art laffer and lieutenant-general thomas mcinerney. stay with us. ♪ al stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin.

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melissa: here is another look at disney shares slightly higher after-hours following a beat on second-quarter earnings and revenue. the company citing higher attendance and spending in its theme parks and resorts business. studio entertainment revenues in the quarter increased 21%. pretty nice. segment operating income increased 29% to $847 million. david: i wish i still had kids i could take to disney parks.

meanwhile, following through president trump announced the u.s. is leaving the iran nuclear deal. the commander-in-chief citing the deal's flaw and iran's destablizing behavior as reasons for leaving the accord. here at the white house is blake burman. blake you saw the market barely budge today. it was generally flat. apparently they weren't too surprised by this. reporter: the president has been talking about this for two years. there is a campaign promise fulfilled. folks across the globe trying to persuade the president one way or the other to stay in the deal or essentially pull out. the president stuck to what he is been talking about both as a candidate and president. both trying to persuade him to stay in the deal, britain, france, germany. they say they are concerned with the president's decision. they also say they remain committed to the deal. afterward they put out this statement which they wrote, quote, we encourage iran to show restraint in response to the decision by the u.s. iran must

continue to meet obligations under the deal, cooperating fully in timely manner with iaea inspection requirements iran's president rouhani responded, there is only a short time to negotiate with others to keep the deal in place. if not, iran will enrich more uranium than before. during his speech here at the white house in the diplomatic room the president also had a message for iran saying its future belongs to its own people >> it is now been almost 40 years since this dictatorship seized power and took a proud nation hostage. most of iran's 80 million citizens have sadly never known an iran that that prospered in peace wits neighbors and commanded the admiration of the world. reporter: president withdrawn the u.s. from the trans-pacific partnership deal, climate accord

and the iran nuclear deal. president obama said there will be changes in priorities and priority from one administration to the next. flouting agreements our country is a party to erodes credibility and puts us at odds with the world's major powers. this president's closest ally benjamin netanyahu described this withdrawal as an historic move. >> the removal of sanctions under the deal already produced disasterous results. the deal didn't push war further away. it actually brought it closer. reporter: one of the president's messages was that when he says something he means it. in fact, david and melissa, as you saw, president trump revealed that his secretary of state mike pompeo was enroute to north korea. back to you. david: i think we learned that much, he does stand by his word. thank you very much, blake. melissa. melissa: here is retired lieutenant-general thomas

mcinerney. thank you so much for joining us. who is right there, president obama saying we undermined our own credibility here? president trump saying now you know when we say something we mean it, we'll actually do it? who is right? >> clearly president trump is, melissa. the fact is he announced it. the american people elected him for one of those reasons which was to get rid of this terrible treaty that president obama put us under in which they gave forward funded $150 billion which changed the whole landscape in the middle east. so there is no doubt in my mind, in most people that are involved with this, that president trump is on the right track. melissa: another point, where you have the two opposing viewpoints. one saying oh, no, now there is nothing to stop the iranians from immediately beginning to enrich uranium again. the other saying, guess what? their military budget and spending has exploded by 40% since this deal began.

which side is right there? are we in more danger basically or less? >> i think their military budget has exploded because we gave them all that money, whether they do start enriching i do not keep they will, they will keep the three european countries, french, germans and brits involved because it is a cash cow for them with the trade going on. i don't think they will jump right into enrichment other than what we've been doing because we haven't been able to get into their militaryies easily at all. what they're really doing we do not know. melissa: what does it tell you, they came out and said willing to stay in the deal potentially with the other allies, meaning they continue to reap the benefits, they say they will stick to their side of the bargain? does this tell you this is really good deal for them, that they want to keep it going even with america out of it? >> exactly, melissa. they like it.

the iranians are in hog heaven. they got the best deal they ever could have, in addition to $150 billion made us the biggest funder of global radical islam in the world with that money going to iran, them using it in weapons and et cetera, terrorism spreading throughout the arabian peninsula. they have got a good deal because they're still trading with the europeans. melissa: and people scream when you say that, that money was theirs in the first place. we were just giving them back the money that was theirs. what do you say to that? >> that is very simple to me. we were not giving it back to radical islamic group that took over and size the i had from the shah of iran. it was the people that money bee longed to. it was not belonging to the radical muslims that were sowing terror throughout the middle east. melissa: general, thank you for your time today, we appreciate night thank you, melissa. >> feeling the economic boom. the american economy is on a

tear. the proof is in the budget. why? we'll tell you. more on this coming up. keeping his word, president trump pulling u.s. out of highly controversial iran deal. up next, former reagan advisor art laffer on how this will all affect the economy. that's coming up. ♪

>> the fact is, this was a horrible, one-sided deal that should have never, ever, been made. it didn't bring calm. it didn't bring peace, and it never will. david: but it did bring a lot of money to the iranian regime. president trump is pulling the world out of the iran nuclear deal that he says will never give peace. we have art laffer, former reagan advisor. do we take a hit from this, art. i don't think we take a hit.

i don't see major i am economic it is mostly a military deal. david: boeing, specifically part of the deal does prohibit any u.s. company, it mentions companies that make commercial airliners in particular, so boeing could miss out on about $20 billion in sales of aircraft? >> oh, that for sure, it will hit individual companies. it will hit all sorts of stuff like that. given iran will be trading with the rest of the world, that should be arbitraged across different countries. it won't affect terms of trade. it won't affect prices. david: that is a good question. senator schumer said there will be secondary sanctions. european nations used to trading with them for last couple months will be sanctioned by the united states. >> if we do that, finally can get europe to join with us on sanctions against iran it might

have ramifications of oil products and airlines. i don't think it is big deal economically. it's a big deal militarily and. david: the market agrees with you. they panicked a little bit midday, but once they heard the president talk nothing much happened. talk about positive news. >> there is a lot of really positive news out there, david. david: first talk about what happened with the budget. everybody is talking about deficits. in april we had the largest budget surplus we had before. $218 billion. april is when all of the tax money come in. a lot of companies put a little extra in thinking they get more out at the end of the year but does that just show how boom something economy is. >> surely and indicator, don't want to say it this way, niner, niner,. david: you told us so. was that pour paul krugman by the way.

>> who? david: paul krugman. >> i don't know who paul krugman is. i never heard of the guy. he shouldn't be known. but when you look at this, the first little signs of something doing pretty well. the state and local stuff, david, that is something i've been working on for years, in 30 years. that is where a lot of the revenue feedback comes through state and local government revenues. they're popping up in the most-damaged states. places like connecticut, new york, california where they have progressive tax, a little bit of economic growth piles in on the revenues. that is wonderful for the country. i'm very pleased the way things are going today. they may reverse themselves next month, who knows. today i'm very pleased with the early reports. david: one thing that hasn't reversed itself the thirst for spending inside the beltway. >> that's true. david: the president is trying something, a little bit, doing this so-called recision move which allows the executive to pull back on some of what has been proposed.

it is only 15 billion. i say only 15 billion, that is a lot of change for most of us. but in the grand scheme of the budget that is nothing. >> that is very good too. there used to be something called impounding funds historically. that was taken away from nixon. it was removed because impounded fund were there, at the end of world war ii we had funds set up to build weapons, once they surrendered there was no need for weapons, they were impounding. you can save some real dollars on that. i want us to go back in remove some of the spending and dramatically remove spending, not minorities, disenfranchised i want to do that in three years when we get it growing. they don't need welfare and food stamps and school lunch. that is not necessary. i think we need to take a lot of waste in those programs and pull it back out. it makes no sense.

david: we've seen tremendous diminution amount of money spending on food stamps, part of the result -- >> unemployment benefits have to be way, way down too. i haven't looked at numbers, they are done through state funds with transfer from the federal government. those numbers have to be way, way down as well. the one i love, david, revenues are rising with a tax cut. there is a curve relates to that. do you know what that curve is? have you heard of it? david: not named after krugman. i know that. >> it is the krugman curve. david: talking about the laffer curve. melissa: everybody knows that. >> don't get very often to pat myself on the back but today i feel very good. david: you're eptitled to it art laffer. >> lovely being with you guys. melissa: races in four states winding down to final hours of voting well. have live report from crucial races in west virginia and ohio where it could be anyone's game.

ohio gop chairman join us to discuss that next. ♪ they appear out of nowhere.

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♪ melissa: primary elections happening in four states today, west virginia, north carolina, ohio and indiana. first to jeff flock with latest on a three-way fight for

senator joe manchin's seat in west virginia. jeff. reporter: it will be tough to unite this party after the election is done. patrick morrissey just voted. he is the state attorney general. he is running along with evan jenkins, congressman from the southern part of the state and then don blankenship, perhaps the biggest figure in this, more ways than one perhaps. the man who has called the senate majority leader cocaine mitch. talked about china people, swamp people. he said today, he is supremely confident despite the fact that the president tweeted all of the voters in west virginia, don't vote for this guy. here is what he said to that? >> we expect to win. when we do it is really a west virginia, america win. this is not a don win. this is expensive to don. i go up to washington to put up

with a lot of people but i'm making a sacrifice for them and it is a win for west virginia and the country. reporter: i have patrick morrissey, who just cast your ballot. did you not take him seriously enough, don blankenship? >> no. i always thought voters knew about his record. he serve ad year in federal prison. a lot of his career he put himself above the law. it takes extra punch that voters know about convicted criminal, and my record as conservative fighter to get things done. reporter: calling people, china people, do you have any problem with that? >> i think the tone of don blankenship would be all wrong. i think he would be a terrible match-up with senator joe manchin. i don't think he is qualified to be in the u.s. senate. i'm confident the voters will put a proven, conservative feeter in place. reporter: another picture, evan jenkins don't leave him out, third person in this race,

congressman from the southern part of the state. point out before we get away, john thune, senator from south dakota saying today, let's pray it doesn't happen a blankenship victory. thom tillis, senator from north carolina, saying woe spontoon blankenship should he win. we'll be here all right. melissa: no shortage of excitement, jeff flock. thank you. david: adam shapiro is in ohio another exciting state. adam. reporter: i'm in columbus, ohio, part of this area is the 12th congressional district. it is an intense battle between 18 different people, democrats, republicans all trying to win their party's nomination to be so to speak the person who gets to run in a special election to fill patti berry's seat who left congress. he endorsed the troy bolden, the

state senator from zanesville. one of the people challenging mr. baller son is melody lang a.m. i am a constitutional conservative. i'm a christian conservative. i'm a trump conservative. who is more trumpian is playing out in other races. look what is happening in the governor's race. they spent $10 million. two republicans fighting it out, mike dewayne, former senator, current attorney general, versus mary taylor who is the lieutenant governor. she has gone to all three of president trump's rallies. dewine has gone to none of them. she poked fun at dewine, saying perhaps the 71-year-old former senator is attending nap time instead of the president's rallies. you have the race for senate, among the republicans this is renacci versus gibbons. mike gibbons is the investment banker. this is hot one.

gibbons filed a one million dollar lawsuit against renacci for defamation. they're not exactly playing nice in ohio. david: tempers are flaring. thank you very much. melissa. melissa: joining me now, jane timken, ohio gop chairman. thanks for joining us. tell me about the tone there. is it about all who can be closest to president trump? >> it shows you how popular president trump is in ohio. he is popular among republicans. his approval rating is north of 85%. his agenda is winning in ohio. candidates want to align themselves with president trump. melissa: who do you think has the best chance in the senate race in order to have that seat be republican. >> clearly i think the front-runner is jim renacci. the ohio republican party endorsed jim renacci, in large part because jim renacci can defeat sherrod brown. he has record defeating

incumbent democrats. he has done it back-to-back in races for congress. he is resonating with voters. he is instrumental in passing tax reform as he sits on the house ways and means committee. he has been supportive of president trump's agenda. as you know president trump endorsed him last week. melissa: yeah. >> president trump was here in cleveland on saturday and said i need jim in the senate. i need him to help me pass my agenda. melissa: yeah. how tough of a fight do you think that is going to be? how much support does sherrod brown have or do you think he is vulnerable? >> i think sherrod brown is vulnerable. 16 of the 24 counties sherrod won in 2012 flipped for president trump in 2016. those are some of the key counties in southeast parts of ohio, that was coal country, that were grappling for jobs. they're seeing a turn around in ohio because of republican leadership, not only in the statehouse, in our statewide officers, but because of president trump. and sherrod brown voted no for tax reform. he is really not been there for

ohioians. jim renacci will be there for ohioians. melissa: who do you think you would like to face in the governor's race, who would be weaker on the democrat side? >> that is a tough question. there is a debate about it. it is a hotly-contested -- governors' for the democrats. kucinich could pull it off. he is very progressive and liberal. some may say that is win for us. richard cordray quite frankly is not very active campaigner. he doesn't have a lot of passion. so we'll see. he also aligns himself with elizabeth warren. she is not very popular in ohio. melissa: thank you for that. we've got to run. jane, thank thank you for your t today. good stuff. david: we'll be right back. wait until you hear what happened to one of donald trump's fiercest critics. that is coming up.

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david: new york governor andrew cuomo says his disgraced former attorney general eric schneiderman could face prosecution after several women accused him of physical abuse. connell mcshane has more. reporter: david, schneiderman ironically in a criminal investigation by a man he investigated. cy vance. he had been investigating the way vance's office handled the weinstein case. he quickly resigned last night within hours of "the new yorker" breaking a story about him which four women accused him of non-consensual physical violence. governor cuomo called for him to get out. he talked about the importance of this position he once held himself. >> as far as the selection for the next attorney general is involved, first the attorney general is a very important

position. as you know i held that position. it's very powerful. it's very important. it's even more important today in some ways because of what is going on in washington. reporter: washington and certainly wall street. we'll be watching quite closely wondering what comes next. it brings to mind another so-called sheriff of wall street, eliot spitzer, when he resigned as governor. some trading floors erupted in cheers. spitzer made the name in the ag's office going after white-collar crimes. schneiderman did a little bit, high frequency trading comes to mind. all these names talking about might succeed him, all democrats. unlikely this would change very much. david: something about new york and that attorney general's office in particular. reporter: yes. david: they're supposed to be the people that maintain the law, not break it. good to see you, connell, thank you very much. melissa. melissa: another look at disney shares up slightly after-hours, following pretty healthy beat on

second-quarter earnings and revenue. powered higher by attendance and spending in the parks resort businesses as well as by the blockbuster box office success of the superhero movie "black panther." revenues for studios rose 21% last quarter compared to last year. david: will he or won't he. president trump's legal team deciding on the right move for the president in the robert mueller investigation. bill mcgurn of "the wall street journal" had a very provocative article in thes morning. we'll ask him about it coming up after the break. your company is constantly evolving.

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david: justice department run amok? well as president trump's lawyers deciding whether the commander-in-chief should testify in special counsel robert mueller's investigation,

two judges are now worried about whether the justice department has given mr. mueller unlimited authority to go wherever he wants to prosecute anybody he wants. here now to react, is bill mcgurn, from "the wall street journal," who wrote a column about all of this. talking about the two rod rosen steinses. let's talk about mueller because these two judge, we now have two judges who have questioned mueller, whether he exceeded his mandate, whether he has been given too much power. what do you think? >> well i think he has. look the point about a special counsel is he supposed to have a boss. that boss is rod rosenstein. the judge in the virginia case against paul manafort asked, what fetters are there on your power? do you report to anyone? it doesn't look like his wings have been clipped, more than that, he said the only reason you're prosecute being manafort, to squeeze him to get donald trump. it has more to do with

donald trump than it does with manafort. >> it gets right to his authority, the prosecutors, mr. mueller's team, look you have a public mandate from the order rod rosenstein gave and you clarified it, but you tell me in court that is not really what we're doing. that is the question. supposedly it is based on secret, ongoing discussions mr. mueller has with mr. rosenstein. you know, that should be distressing for all of us. david: our system, i think it is pretty clear, what separates us from the rest of the world, our system is based on accountability. we have all the checks and double-check. >> right irk where there is no accountable you have tyranny. at least it could lead to tyranny. we are going away from accountability giving mueller so much authority. >> right. david: he has one boss, mr. rosenstein, mr. rosenstein thinks he can do anything he wants, at least he thinks so because we haven't seen what authority he has given to mueller.

>> main point, the accountability in our system is mainly political accountability. it is not as important -- people say they can withhold documents because there is a criminal investigation. my view, congress, which is our job to hold government accountable, they shouldn't let a criminal investigation get in the way. they shouldn't set out to wreck it but political accountability comes first. the american people deserve to know what happened. david: of course we do. of course we do. since rosenstein has not held mueller accountability to any standard that we can see, or that these two judges can see, should rosenstein be held accountable by trump and fired? >> i don't know whether donald trump should fire him. i would like to see him exercising more authority. i'm more concerned with the other side. david: doesn't look like he is going to do it though. he has been withholding documents, slow-walking. >> that is the side i'm concerned about. i'm concerned with congress acting as coequal branch of government demanding

accountability. they have been holding back these documents which mr. rosenstein is one of the chokeholds on that. there is no way they can exercise their oversight without that, without those documents. that is the part, that is also where donald trump could solve a lot of this problem saying, i want all these things declassified. david: we have to leave it at that. bill mcgurn, great column. melissa? melissa: more breaking news on disney following second-quarter earnings coming up right after the break. ♪

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significant in any way, but it is a stock to watch tomorrow for sure. no doubt about it. melissa: yeah, after they had some really blockbuster numbers when you're looking at parks, when you're looking at films. david: another company beating expectations by a margin. that's it for us. the evening edit starts right now. >> i am announcing today that the united states will withdrawal from the iran nuclear deal. in a few moments, i will sign a presidential memorandum to begin reinstating u.s. nuclear sanctions on the iranian regime. america will not be held hostage to nuclear blackmail. we will not allow american cities to be threatened with destruction, and we will not allow a regime that chants death to america to gain access to the most deadly weapons on earth. liz: washington and the world on edge. president trump pulls out of

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