i'm worried for everybody else. >> on that note. good for you, we look at a closing bell right now, with the dow well off the lose. we have been down 505 but still down 401 points on a pretty tough political day overseas. >> global uncertainty slamming stocks today. dow ending the day at about 391 points. off session lows. this, as investors are worried about rising political turmoil in italy and spain. the s&p 500 and the nasdaq joining the dow in the red from new studios, i'm david asman. melissa: and i'm melissa francis. this is "after the bell." phil flynn is watching the action from the flow of the cme. nicole petallides on the floor of the new york stock exchange. what a day. nicole, to you first, tell me about the wild trade. reporter: we dropped 505 points at lowest point of the day. concerns about political turmoil in italy. certainly set the tone.

we saw the selling abroad, and the traders are watching key levels on the s&p 500 of 2700. 2695. art cashin on the floor talked about a trapped door, broke down to the downside and saw the selling. you have trade tariff worries and you have a concerning note from jpmorgan about revenues going forward being relatively flat, and that weight on the financials. you see jpmorgan biggest laggard on the dow jones industrial average down 4.2%. the financials really came under pressure. american express, goldman sachs among the losers. ge has been a constant laggard. but you can see that the financials in particular got hit, not only because of the jpmorgan outlook but also because of the 10-year bond yield. and that has been front and center. we watched it so closely. we saw it hitting the recent highs of 3.128 on may 18. and look at it now, 2.78%.

so it moved below the 50-day and moving lower these yields as everybody flocks into the for safety. and with that, we saw the vix, look at the vix, it tells volatility. indication of the fear and worries. look at that. 30% to the upside, and a quick peek at the financials once again, and down arrows, morgan stanley down 5%. financial sector sold off the most in two months. back to you. melissa: nicole. thank you. phil oil is down five days in a row. longest losing streak since february 9th. what do you think about that? >> it's based on a lot of fears. obviously started with opec talking about raising production, and the market was shot because they really thought that saudi arabia wanted prices to keep going higher. under a lot of political pressure from the trump administration, you know, they offered to maybe raise production in june by a million barrels. it isn't enough but enough to get traders to start to sell. now you add fear to the

marketplace. the rising dollar. the fear about europe. what it can do to dend, it killed oil. did help oil a little bit, strength in the dollar put pressure on the gold, but the risk factors because of italy and spain caught that market with some support. it didn't totally fall out of bed like some of the other commodities. back to you. melissa: all right, phil, thanks. todd horowitz, the host of bubba trading and lenore from dramatica research. you are a globe-trotter, you have an office in italy. it's always been dysfunctional. i'm trying to figure out what's different about this time? >> well, it's the same old, same old, italian politics are anything but boring, i'll say that. part of the problem is that you've got, in italy, when you look at house and senate, you have roughly 11 times more people per person represented

in their house and senate than we have in the u.s. there's a lot of cooks in the kitchen. all putting opinions out there. makes it harder to get things done. david: todd, interest rates are down here, spiking up in italy and spain but didn't bleed over into the united states. of course, i understand why, a lot of people are going for treasuries for safety sake. on the other hand, what is the worry? what is the overall concern that drove the market down today? >> all right, david, the big worry comes down to debt. italy thing, spain -- david: but they always been in tremendous debt. it is nothing different there. >> right. but there's more debt throughout the entire world. that's the problem. we've got a major amount of that here. the debt problem, the problem withhe electio all the issues that are coming to front, people are diding at this is the time to be afraid. it doesn't matter that it's always been there, just like the markets always have a sell-off. at some point, people decide to

stand up and pay attention. this is the time, they're worried about the election, worried about italy playing out. collapse of the euro dollar which are legitimate things, i think the euro dollar is going to collapse anyway. these are fears that are bringing money to the u.s. dollar and the u.s. treasury bonds and that's where the fear comes in. david: you use the word sell-off, what do you mean by sell-off? do you mean we're going to have another 10% off this market or what? >> well, might be a buying opportunity. before the sell-off is done, and i think we're going into a bear market. we'll see 25 or 30% hair cut in the market. as an investor, i wouldn't be concerned because the markets will come back as they've done 8% average year over year. you cannot continue to increase debt, increase trouble and figure that the market will ignore everything coming along. interest rates are going to rise, that's going create a bigger debt problem. david: lenore, any company that

has exposed overseas will incur currency that's is not worth tomorrow what it is today. they are worried about companies with international exposure? >> i think that's part of the problem, but it's also the global banking sector. for example, about 40% of the publicly traded stocks in italy are banks, and the majority of the assets that the banks hold are this sovereign debt, right? we just saw the italian two-year went from a negative interest rate to over 2.7% in a matter of -- david: maybe that's normal, maybe working their way to a sense of normalcy, right? >> tough to say that's normal when you have the italian two-year, the sovereign two-year at 2.7 and italy telecom, italia telecom, junk rated, bonds, the two-year is

at .5. that's a sovereign trading that much higher than a junk bond. david: without getting in the weeds, lenore, do you think this will lead to a recession in italy and spain that might spill over into the rest of europe? >> i think italy has very, very deep problems that are not easily fixable, and the pple -- italy's economy right now is 5% weaker than it was when the eurozone started. you have a youth unemployment rate that is absolutely ridiculous, it's over 30%, right? these are all huge problems. david: but i want to focus you on the question they asked, lenore, with a beam focus, are we going to see recession in italy that will spill over into the rest of europe? >> i wouldn't be surprised to see that. with all the instability, it's difficult for businesses to take any action. how do you make an investment when you have no idea what tomorrow looks like? that will affect the other countries in the eurozone because they all work together. and europe has been slowing

significantly in the past couple of months. david: absolutely, lenore, todd, thank you very much, melissa? melissa: president trump renewing plan to impose tariffs on $50 billion worth of chinese imports ahead of a key trade meeting tomorrow between the eu trade chief and u.s. counterparts. here now is james freeman, "wall street journal" editorial page editor and fox news contributor. james, i'm having trouble keeping track here. >> yeah. melissa: one day the president is -- i guess doing things that are supposed to be terrific for china when it comes to zte and this today, slapping other tariffs on, how do you sort through it. >> the so-called trade truce is last weekend. about eight days ago we heard they were going hold off, the u.s. and china were going to hold off tariffs, try and work things out. week later, the president, he hasn't actually imposed anything, talking about tariffs that come in over the next several weeks, but as you

mentioned, wilbur ross, commerce secretary heading over to negotiate, and maybe this is setting the table to try and get concessions. melissa: how many of the things we heard so much back and forth, what has actlly happened? when people talk about the president and the chinese lecom compa and the steel tariffs and all the back and forth. how much of that has happened? >> not much, and i guess you would say that's good. markets have signaled off in this year that they don't want a trade war, they don't want higher tariffs restrictions. he also do have to wonder at some point as people keep thinking this is the art of the deal, maybe it doesn't work as well as people assume this is an opening bid and gets negotiated down. melissa: do you think they are assuming that at this point? i see what happens at the market, the up and the down, seem to respond to it like they do believe it's real. i think a lot of times, no? >> we'll see, seems this news is lost in the italy news this week. melissa: right. >> maybe having less of an

impact, investors taking it in stride thinking this is going to be a negotiation that gets played out and ultimately resolved. but i think the uncertainty that does exist is not pro-growth. so even if it isn't causing a freak-out in the market, this is still not an incentive to invest if you're wondering what the terms of trade are going to be between the two countries. melissa: that's a great way to break it down, at the same time, i heard from the other side talk about ivanka trump getting a sweet deal on the patents, at the same time, her dad success so nice to china and i read this, he's not so nice to china. >> zte, what he's talked about, i would say is a little too nice given this is by all evidence, a dishonest sanctions-breaking rogue company. melissa: right, he hasn't actually done any of that. >> right, they're waiting and hoping for relief.

maybe we'll get, it maybe we won't. north korea, we still haven't seen the concession from china. they could presumably turn off the north korean economy overnight if they wanted to. they haven't done that. how helpful have they been? we'll find out june 12, perhaps. melissa: if you look at chatter and smoke, almost nothing has happened on either side. a lot of vollies. >> that's fair. melissa: nothing has actually happened yet. terrific, james, thank you. david: keep them guessing. the trump solution. closed for business, open for training, 8,000 starbucks locations all over the u.s. are closed for the rest of the day. so employees can receive racial sensitivity training. kristina partsinevelos at the midtown manhattan starbucks with the latest. hi, kristina? reporter: hi, i've been here all day, and the disappointment, the sheer disappointment from customers who have been trying to open the door, there's a sign right, there but none of them are

reading the sign or reading the sign and still trying to open the door, shut as of 2:00 p.m. training is supposed to last three hours, and surprisingly the store is not opening. according to a research firm, this will cost roughly $12 million. the company made one billion dollars in profit. so in their mind, this is all about the long-term value, showing they care about customers. here's another example right now. woman unhappy, still not understanding what's going on at this location in midtown manhattan. the racial training or racial-bias training will be composed of workforce prerecorded videos with the ceo, the chairman howard schultz and cameo appearance, common, he's a rapper, he's speaking on the video as well. this is happening across the country at the moment, so 8,000 company-owned location. last time starbucks closed

their doors is in 2008 for a very different reason to teach the baristas how to make espressos. they closed for the afternoon. that was estimated a loss of $6 million at the moment. definitely a higher cost right now, ten years later, and for those that are wondering where can they get their cup of joe? you can go to the -- you can go to competitors like dunkin' donuts or tim horn or franchise owned like in target or the airport. david: we got to figure out where those are, people are missing out on the starbucks coffee. melissa: i love that, somebody went to the door, and they hadn't had their coffee, the brain wasn't working. david: i would hate to be the kid dealing with a mother who hadn't had her caffeine. thanks, kristina. melissa: is this move by starbucks good for business? later this hour, we're going to ask someone who knows a thing or two about messaging. ari fleischer is here to answer my pressing questions on this

one. david: president trump make his way to music city nashville, tennessee. air force one departing joint base andrews moments ago. it's in the air am the president will hit the campaign trail in nashville tonight to help one of his biggest supporters in a race that could help determine the balance of power in d.c. we're live on the scene. melissa: renewed hope for historic summit. top korean official is on his way to the u.s. and will meet with secretary of state mike pompeo this week. is the meeting between president trump and kim jong-un on track? retired four-star general jack keane responds next. liberty mutual stood with me inhe middle of theight.at tire 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.

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. david: a new push for a nuclear summit. the white house confirming secretary of state mike pompeo will meet with the vice

chairman of north korea's ruling central committee just days after president trump called off the summit between himself and kim jong-un. our own blake burman is live at the white house with the very latest. hi, blake? reporter: hi there, david, a lot of movement and the white house appearing much more bullish on the prospect of potential meeting between president trump and kim jong-un because of it. the press secretary sarah sanders saying in a statement today the following -- the president equally optimistic this morning on twitter writing -- now kim yong chul is essentially kim jong-un's right-hand man. the secretary of state mike pompeo, the white house and state department announcing today that the secretary of state will be heading up to new

york to meet with kim yong chul. that will be the highest profile meeting between the united states and north koreans on u.s. soil in 18 years. the state department just a little while ago not yet saying while all of a sudden north korea appearsng t willi talk. >> i'm not going to presumeo know why the north koreans and the united states started having conversations again. it's not my place to do so. i can tell you now we are looking forward to having the meetings and seen a tremendous amount of progress over the last few days alone. reporter: at the end of the day, the most important discussion will be if it happens between president trump and the north korean dictator. june twelfth continues to remain the target for that to potentially take place, but it is a target that keeps on potentially, at least, sliding. >> and the president sent over two delegations, one for

logistics and one for diplomatic purposes, that are on the ground, making logistic preparations for june 12th. if it doesn't happen june 12, could happen thereafter. reporter: one of them in singapore for logistics for if the summit takes place there in singapore. the other one, diplomats along the dmz and they are talking with north korean counterparts. david? david: a lot of fine tuning. blake, thank you very much. melissa? melissa: here now is retired four-star general jack keane, fox news senior strategic analyst. thank you for joining us. so what do you make of the number two guy coming to new york to speak with the trump team. does that tell you that they want to get south korea out of the middle of this negotiation or china? or what do you read into that? >> first of all, i think they're reacting to the fact that president trump, you know,

canceled the summit meeting because clearly he saw that he was being played by kim jong-un. his tone changed. he started to talk about not denuclearizing. china was also a part of that. i think, trying to delay this process, and frankly, the south koreans have been the mediators between the north korea and the united states and the energy that brought about the summit to begin with. i've always felt that they have been minimizing the differences between north korea and south korea. i think one of the reasons this envoy is coming to the united states is they don't want to work through that mediator, because they also don't think that they may be represented properly. secondly, i clearly think he wants to convince the administration that we definitely want to have the summit, and he's delivering a message from kim jong-un at a very high level from one counterpart to another, obviously in the name of secretary of state pompeo. melissa: when you say that south korea's minimizing the

differences, i mean, was that for the benefit for someone in particular or you think that they really wanted to see a deal come together so they were kind of trying to wallpaper over whatever challenges there might be to keep things rolling? >> this is a left of center government, taken a much softer approach to north korea than their predecessors did. considerably more hard-liner and moon has always been seeking reconciliation with the north. in fact, they were trying pass legislation about having the summit, and in that legislation was left out the u.s. position of complete, verifiable, irreversible denuclearization and conservative politicians voted against it and the legislation did not pass. so i think, we're very much onto what moon is doing and so is north korea and they may not be serving each of our interests as well as our own interests should be served. that, i think, is part of the equation here. melissa: i heard you say before that you think that what north

korea is after is, you know, kim jong-un is a relatively young guy, he wants to be assured his regime is going stay in place and he's going to be able to stay in office. do you think that he would go for complete denuclearization in exchange for that, and would we be willing to give up being on the peninsula if he verifiably got rid of everything. would be that smart or stupid? >> i think you are framing the issue frankly, melissa. starting yesterday, our delegation is meeting with their delegation at pan munjong at the demilitarized zone. is north korea's admission to denuclearize aspirational or partial denuclearization, to they want to drag this out over the course of many years as opposed to a reasonable amount

of time are? they willing to have a full accounting of weapons and missiles which we need from them, put in process a verification process where we can oversee the disarming and smounting that. i know our delegation is asking questions and getting evidence from the north koreans about their seriousness and certainly relaying that back to the white house and to president trump's advisers. they're going to have to make a decision. there are obviously differences and you frame the differences between north korea and the united states. are those differences resolvable through negotiations in judgment of the delegation and the president? if not, likely the summit will be delayed. if they think they are resolvable, that we can work toward a common objective, likely the summit will go forward. melissa: general jack keane, thank you so much, hope you come back with more. >> good talking with, melissa. melissa: you, too. >> if it failed, we got three americans back home.

that's not nothing. melissa: if it's a delay, it's a delay. doesn't mean it's not happening, very interesting. david: the curtain is closed, abc officially cancelling "roseanne" after a series of inappropriate comments from its star on twitter. fallout coming next. no signs of letting up, fast moving lava in hawaii continuing to carve a path ever destruction, forcing a new round of evacuations. >> some people just refuse to leave, kind of gives us terrifying insight into what's going on out there? ay one, we always came through for our customers. it's how we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day.

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if you need help lowering your a1c, ask your doctor about once-weekly trulicity. . david: pulling the plug. abc cancelling "roseanne" after star and creator roseanne barr tweeted a series of racist and inappropriate comments. adam shapiro live in the newsroom with the details. adam? reporter: david, nobody was expecting this. it came swift.

one of the top comedies in previous television season, the reboot of "roseanne," has been canceled. here's the statement from abc -- that, from the president of abc entertainment. now rose an got in trouble for tweeting -- that stands for valerie jarrett administration. barr went onto tweet -- there were several tweets over the last 24 hours from roseanne barr which were in bad taste. she referred to chelsea clinton as chelsea soros clinton to which clinton responded --

roseanne responded by saying or tweeting -- there were other tweets that barr, and we could read them, that you could put into the category of social media meltdown, but the end result is that the show has been canceled. david? david: lot of good people put out of work because of that. adam, thank you very much. melissa? melissa: president trump is on his way to nashville to hold a make america great again rally. live on the ground in tennessee after the break. midterm elections in focus, one democrat pushing legislation to repeal republican tax cuts. how that will play out for the democratic party? that's next. they appear out of nowhere.

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this is stretching a quarter of a mile, i can tell you it goes all the way around a massive park here as we expect standing room only crowd once again at municipal auditorium. a chance for the faithful to support the president but a chance for him, melissa to spend a bit of political capital supporting a good friend in marcia blackburn. she's very popular in congress among republicans and she is hoping to pick up a senate seat in the fall. yes, we're more than five months out but she's hoping she'll be the replacement for outgoing senator bob corker. she's in a dogfight with former democratic governor and the general election. so the president expected here to talk about some of the familiar themes we've seen them talk about before. the economy and jobs and many of his successors but more importantly here to spend the political capital in support of marcia blackburn. now you may remember we were here, melissa, in march, remember the farm bureau event,

a raucous outing for the president. it feeds the energy in the room, his opportunity to communicate directly with the american people. he'll do a lot of that here at municipal auditorium. trace adkins will be the headline right around 8:00 eastern time. i can speak for a great many people here who can tell you they're probably look forward to that as well. for now, back to you. melissa: kevin corke, thank you. david: here on the phone to react to all of this, brad blakeman, former bush 43 senior staffer. talk about what's happening with the markets. we had a significant downturn. 400 points to the negative. but the market is still up 6,000 points on the dow since the election day. at what point, if ever, do you think that the market is going to weigh on what the president says about how well the economy is doing? >> well, i think the election is going to turn because historically we know they do on the economy. if the numbers are good,

unemployment is good, right now, it should be the same in the fall, record employment, we're at full employment at under 4%, and then we have no inflation, thank god, and we have good outlook in the future with regard to manufacturing and continued job growth. so i don't think what happened today is so much about the american economy as i think it has everything to do with -- david: right, but eventually the chickens come home to roost, if it gets down much further. just to put it in perspective, the market closed at a level that's about equal to what it was back in december, when the president signed a tax cut bill, which lead me to wonder is there time before the election to do another tax cut bill? >> i don't think we're going to see any tax legislation before election day because i don't think the democrats have it in them, and we need that 60 votes for cloture in the senate. i think there's a possibility

of getting an immigration bill. and if we're able to do that, we turn the tide on democrats and take that issue away from them, so what else do democrats have left? david: i can tell you what they have left, brad, that's to bad mouth what exists. either bad-mouthing the president directly and character and bad-mouthing tax cuts. there's one congressman put forth a measure, jared polis is his name. i proudly repealed donald trump's giveaways, he uses giveaways like it's the government's money. closing up the corporate special interests, we win by standing up for students, public schools and families. rt, if you agree. i would warn democrats to think back to walter mondale, a lovely guy but ran for president on the theme of raising taxes and he lost very badly in 1984. >> yeah, not a good prescription for winning, especially when middle-class

people are seeing more in their checks and also more in their retirement. this is a year for republicans to tout achievement. a year for democrats to take away a tax cut that is actually benefitting america. i don't see that as being in our best interest or their. david: in fact, the president tweeted about this plan to get rid of the tax cuts of tax plan part one from donald trump today. he said democrat lawmaker just introduced bill to repeal the gop tax cuts. no chance, this is too good to be true for republicans. nancy pelosi, the dems weak on crime, the border, not good. sounds like a preview of tonight. >> no doubt about it that donald trump is going to be talking about the future of america and the present. we have a great economy. we can't turn it around by having democrats come in and undo what the president has done. the president isn't done undoing the damage that has

been done the last eight years and democrats are talking about putting pelosi back in charge. it's a gift to us. david: we're covering the president's remarks tonight. you can watch it on fbn, you don't have to change the channel. brad blakeman, great to talk to you, thank you very much. >> pleasure, david. melissa: president trump ramps up the russia probe, mueller and team of angry democrats are determined to bring him down. the "new york times" walking back own reporting calling the fbi spygate claims a conspiracy theory. judge andrew napolitano joins us with that and more next. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better.

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dray, when he was younger, he loved to smile; and we knew he would need braces because his teeth were coming in funny. that's when he had the bunny rabbits. we called him the bunny rabbit. now, those are the same two front teeth, there, that they are now. then dray ended up having to wear braces for 5 years because he never made it to appointments, because he was busy playing basketball. if he missed practice, he don't get to play in the game. this is the

picture that was on the front page of the newspaper. all you can notice is the braces! then, once he got to michigan state, he broke the retainer! my bottom teeth, they were really crooked, and i just wasn't getting braces again. smile direct club fits into my lifestyle so well. the liner is so great. it's easy to just grab it and go and then i can change on the road. i did photoshoots with my aligners in and you can't see them. i wish smile direct club would have been around when i was paying for them. i wouldn't have to take him out of school. i wouldn't have had missed work. it's like a great feeling to have good teeth. a smile is a first impression, that's why i think having a great smile is so important. . david: today, the "new york times" had a piece in which they called the idea of an fbi spy operating in the trump campaign a conspiracy theory, but the times itself was one of several media outlets that reported on the fbi planting a

spy inside the trump campaign to gather intel. is the times discrediting their own reporting, and why aren't more civil libertarians outraged with what appears to be covert fbi operations within our sacred electoral process. here now is judge andrew napolitano, the biggest libertarian i've ever met and fox news senior judicial analyst. we'll talk about that in a minute, some of the hypocrisy. >> yeah. david: is there any way that the fbi could have planted a covert operative, whether you call him a spy or a source, whatever you want to do, without getting presidential authority? >> yes. they could have planted an undercover fbi agent with a search warrant, which they could have gotten from a regular federal judge. i'll tell you what i mean by regular. showing it's more likely than not that the agent would gather evidence of crime or could have gotten from a fisa judge, that stands a lot lower and the fisa

grants well north of 99% of applications. no evidence that the fbi planted an undercover agent in the trump campaign. there are public communications between an informant whose name we've been asked not to mention at fox with various people at the periphery at the trump campaign. david: this informant, i think it's fair to say that anybody that does research will find out who it is, can look at the background. he's got a lot of undercover operations for various intel services in the past. >> yes. david: he was pretending to be somebody he was not. in other words, he was pretending to be a friend of the trump campaign, that he was going to help them out in the campaign itself, when, in fact, he was there to gather intel. in my mind, that's a spy, judge. >> funny about a spy, when the guy is on your side, you call him an informant. david: anybody who changes their identity in order to gather information is a spy.

>> i agree with you. but i am in the distinct minority in the legal and judicial community, which not only has countenance, this is going to make your blood boil, and it does mine. they have countenance, the informant, talking the person into committing a crime, so that the fbi -- david: that's entrapment! that's entrapment! >> absolutely is, but the courts condone it. david: adam schiff wrote on friday, nothing we read today, that was thursday the day of the briefing, nothing has changed our view there is evidence to support the allegation that the fbi or intel agency placed a spy in the trump campaign or otherwise failed to follow appropriate procedures and protocols. what are appropriate procedures and protocols for spying or putting an informant in a presidential campaign? i guarantee there is nothing in the fbi manual about that. >> if you send a professor to chat with sam clovis or george

papadopoulos in a public place, do you not need a search warrant. david: you think there are procedures and protocols for planting an informant in a presidential campaign? >> no, the protocols would be planting informant in a private place, meeting somebody in a public bar or lounge in a restaurant does not require a search warrant because that's a public place. remember the fourth amendment doesn't apply everywhere. but if an fbi agent envageled him or herself into the trump campaign and sat on meetings making decisions without a search warrant, that would be one of the most egregious violations. david: one mistake they made, i said once last weekhat this has never been done before. in fact, the "wall street journal" had a fascinating piece last week about how lbj put a spy in the goldwater campaign with the help of j. edgar hoover.

this is the reason why this is important because it shows the fbi, everybody says you're dumping on the fbi. no the fbi is a great institution, but it has to be monitored by congressional oversight, otherwise, it can overstep its bounds. >> what did j. edgar get in return for doing this for lbj? we will probably never know. david: this is why congressional oversight is so important, and to the extent they are stonewalled is a disgrace. >> why congressional oversight is lawful and constitutional, because we don't trust unbridled power in the hands of anybody in the government. certainly not law enforcement. david: i'm glad you are still a civil libertarian, the "new york times" is not anymore. >> the new york times is all over the place. seems like they had a come to jesus moment. who knows! they started this stuff, the president who hates them picked up on it. david: it was in the "washington post," the "new york times" and the "wall street journal." >> great to see the two of you in the studio. david: nice new gig, huh?

i had to agree to mow hemmer's lawn every weekend in order to get it. >> i'm not surprised. david: they take the name hemmer off the door. at least for this hour. melissa: abc cancelling "roseanne" after inappropriate twitter rant. why it took hours to end the hit show? ari fleischer, former press secretary for president george w. bush is next. [music playing] (vo) from day one, we always came through for our customers. it's how we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells fargo. established 1852. re-established 2018.

. melissa: abc cancelling hit series "roseanne" just hours after the show's star sent a racist tweet about former obama adviser valerie jarrett. here now is ari fleischer, former press secretary for president george w. bush and fox news contributor. thank you for joining us. you are the king of messaging.

so this is why i thought that you would be terrific to talk about this in particular. what do you think about the response, the timing of it, the appropriateness of it, and the response sort of around the world? >> well, i'm not sure i'm the right one on this one. i never watched her show before. didn't watch the old one, didn't watch the new one. i saw her tweet, and melissa, there is one iron fact about communications and how you treat people, and that's you should never make light of racial issues. when you make light of racial issues, the world comes down you on. especially if you're a conservative. and i think that's what happened here. you know, from my personal point of view, i have to say, when that college professor came out and said she was happy barbara bush died, i joined with a lot of other conservatives and said it's not up to us if she should or should not be fired. these are employee-employer matters, abc made the decision, they made the decision.

i'll only add one other thing, my twitter time line is full of people asking why does keith olbermann have his job? i hope abc and other entities are consistent in this. maybe they are, maybe they're not. melissa: everybody on twitter is screaming about someone else who didn't get the same treatment, and it starts to feel like, you know, a lynch mob mentality. maybe everybody should stay the heck off twitter. that's one solution if you want to keep your job. >> well, i also think that this is why i'm reluctant to say to the private sector who they should and shouldn't hire and fire. it shouldn't be up to a mob mentality. it should be a judgment a company maked based on that person, they know the person, i don't. they know all the things about the person, whether it's one mistake or a string of mistakes, they know those things. that's why when the woman said that about barbara bush, it was

a horrible, reprehensible thing to say. there was a group of conservatives who said it's not our place to tell that employer whether they should or should not fire. that's my view, that's how i approach the issues. melissa: the whole series and tting people out of work, they could have pulled her and called the show the connors, i wonder how much thought went into the past three hours what the other options were in order to be true to the values. but you know about all the other people on the show. let me ask you quickly about starbucks and run out of time. that's another situation where it's supposed to be at the bottom of it, a really overpriced cup of coffee, that people are trying to race in and get out with. i don't know they're necessarily about social policy and shutting down for the day. from a messaging point of view, do you think starbucks is taking the smartest road? >> yes. i think the fact that they've done something extraordinary, shutting down the stores for training, whether or not

training is or is not effective. i believe it's generally not very effective. it's the right message to send that they don't like what happened in the coffee shop, they want to do everything in their power not to let it happen again. that's smart. it's the right signal to send in society. i'll go back one more step, melissa. i don't understand why no one in the store, including the police, just bought the two guys a cup of coffee and made the issue go away, why did they have to escalate it to the point of arrest when it should have been de-escalated to make it go away. melissa: thank you for your calm wisdom. appreciate it. david: would have been so simple. meanwhile, unbelievable pictures out of hawaii. oceans of lava on hawaii's big island worsening as officials say it could get much worse than it's been. that's next.

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get your first prescription free show of hands. let's get started. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go. e*trade. the original place to invest online. melissa: problems on hawaii's big island are not going away. david: they are going

door-to-door in certain neighborhoods telling people to leave quickly, some are shockingly refusing to leave. unbelievable with all that, they won't go. melissa: that is it for us. the "evening edit" starts now. liz: dow down 391. amid political chaos in italy, potentially spain. this as north korea summit looks to be back on. pompeo to meet with a north korea top official in new york this week. we'll bring you latest breaking news. what deal white house may accept. president trump keeping media off balance, he continues to accomplish his agenda. we'll show you media scramble there and how hard it is for them to keep up-to-date with the criticism and strategy for the dems to fight back. also backlashro