the future, especially if they make it to mars. jason barsema, thank you, a pretty significant rally on wall street, so folks the s&p and nasdac have wiped out all of yesterday's losses the dow coming pretty close. that'll do it for the clay man countdown. david: i'll call it a big re bound on wall street stocks nearly reversing in fact they have reversed yesterday's massive sell-off the dow soaring ending the day up 307 points its off session highs with 300 points is pretty good. the nasdac joining the rally as well and it's a new record close for the russel 2,000 that represents a small and mid-size company it's the 15th rally and record of the year for the russel. i'm david asman, thanks for joining us. >> i'm melissa francis this is after the bell the dow snapping a four day losing streak boosted by energy and financial stocks nicole petallides is on the floor of the new york stock exchange. nicole talk to us about this trade? nicole: look at what's going on here, it's very interesting i spoke to one of the traders talking to and he thinks that we

said yesterday in that big sell-off and there were some people who were worried about going even further to the downside but there were some saying it was a great buying opportunity, in fact he bought those banks he said he saw the indicator of jpmorgan, goldman sachs, took those up yesterday but basically recouped most of the losses down yesterday we're down 391 yesterday the dow right now gaining 306 points we heard from the feds less worries about italy at least for today and no talk of trade concerns today that so basically right now a little bit of a relief rally most of the dow components 27/30 are in the green and the russel all-time high 15th record close with the small cap less affected by everything trade and dollar related and you saw energy leading the way exxon and chevron helped to lead the way on the dow jones industrial average after that big sell-off we saw in old we saw that old sold off for five days gain 2.2% and brings up conoco phillips

and apache and bp, and that's up 2 and 4% respectively the 10 year treasury also a very big story still below that crucial 30% mark and that gyrated and with that yesterday when it was moving to the downside, those banks sold off today you could see 2.84% and it's interesting, because now, it was at a seven- week low yesterday after being at a seven-year high in mid-may and here is the new record closes for you watching amazon and netflix any gain on amazon was a record and we saw also microsoft hitting a record high as well, 760 billion for the market cap there, so competing against google there and dick's how about dick's as you see that was a real winner up today big time, and with that move, 25%, so great quarter and raising on the outlook back to you. >> nicole thank you let's bring in jonathan hoenig he's also a fox news contributor and we have

danielle booth a former federal reserve advisor, thanks to both of you for joining us jonathan let me start with you what do you make of today's move? >> a bull market move. i mean look at today, melissa, only about 70 new 52-week lows and some of the big well-known tech stocks at all times highs, amazon, netflix, microsoft, intel, that's bullish for the market and the fact that the russel made an all-time high as well this surprised me especially since yesterday was risk off fears about tariffs fears about italy today everyone wanted in and so many respects of all-time highs bullish for the weeks to come. >> danielle growth is one of the biggest conversation points out there when we're talking about the market what do you make of that? >> there was a little bit going on today the gdp came in weaker than what was expected it continues to trend weakening economics and when i say goldie locks the huge rally that

we saw in the bond market yesterday really didn't give much back so investors are breathing a huge sigh of relief the idea of a september rate hike is being priced out of the market so we might have one more federal reserve rate hike this year which again there's nothing of the stock market loves more than the prospect of interest rates not rising. >> yeah, jonathan i can't believe we're talking about a goldie locks scenario with interest rates again and the fed the market is back. >> well, you know, i would disagree with that. >> okay. >> we've seen a sustained move melissa in higher interest rates this is going on for the better part of five or six years on the shortened but also the long end, long term bonds have lost investors quite a bit of money this year so i'm of the move this really still is a concern. yes the list has come down but if you ask most investors what they're facing inflation is number one and the prospect for continued higher interest rates has to be on the list as well.

melissa: okay. david: that's nothing to sneeze at right? well creating a little breathing room for banks the federal reserve meeting today to discuss revisions of the volker rule that's what prohibits banks from making certain risky bets with federally insured shareholder funds. the new changes are expected to make it easier for smaller community banks to make loans so danielle, will it help? >> you know, it very well can help, what bothered me in the verbiage is that they simply tweaked it enough for the biggest banks to take advantage of the changes such that they will be able to hedge for their own politician portfolios going forward but they won't have to do so. in other words it's as if you turn in your math homework and all of a sudden the math teacher says for your final exam this year you don't have to show your work and that's something that this new legislation is going to do. i would have preferred to have seen easing of bank's ability to hold bonds on their balance

sheet. we've seen broker dealer bond inventory go from a high of 250 billion in 2007 to 30 billion and that's how investors piled into bonds. david: jonathan let's pullback without getting too much into the weeds here. this was a reaction the volcher rule was a reaction to the financial meltdown it was that simple. they felt things have gotten too loss with banks we needed to tighten it up but the tightening went too far and this is an attempt to loosen it a little bit. will it help in that regard? >> well david the volcher rule is supposed to tighten up the financial system just like sarbanes-oxley was before and other regulatory efforts in the financial sector. in fact david, this made financial markets less liquid and more volatile specifically in the bond market. david: but we don't have much time will what happened today help to get banks back to where they should be? >> yes, the more deregulation of a financial sector the safer

the financial sector and prosperous for all americans as well. david: jonathan and danielle thank you both. melissa? melissa: threatening retaliation china vowing to fight back if the u.s. imposes tariffs on $50 billion worth of chinese imports fox business' edward lawrence is live at the white house with the latest. edward? reporter: melissa my sources are telling me we could have an announcement as early as tonight about the white house about the status of those steel and aluminum tariffs that are supposed to go into effect. the european union said they will retaliate but i can tell you their trade representative met with the secretary secretary of commerce at a conference in paris. tomorrow the trade representative for the eu and also the trade representative from japan are meeting at the conference in paris with u.s. trade representatives whose over there now. now, as far as nafta and canada and mexico this also affects canada and mexico the tariffs would apply to them on friday. mexico signaled this week they would make concessions on nafta.

canada not so much. the canadian trade representative says they are ready and prepared to institute whatever appropriate action to take against the u.s. to protect their workers the canadian trade minister was going to have a meeting this morning actually here in d.c. with the u.s. trade representative but they ended up going home. now to add into all of this the trade tariffs, possibly against china, 25% on technology coming into the united states from china, specifically related to their 2025 initiative also the restrictions on chinese companies investing in the technology here in the united states and all of this has made the chinese for lack of better term irate this is the head of the meeting that the u.s. secretary of commerce is going to have in china on june 2 >> we're ready for anything that the chinese state wants to do in response to our legitimate defense of our intellectual property and technology. i think in terms of this issue,

this issue has united america. we have senator schumer and senator rubio saying exactly the same thing. >> and the bottom line is that all of this has actually brought those countries to the table to modernize or create new agreements going forward. again canada sort of holding back on nafta, but they are trying to still make that deal happen here at the white house. back to you. melissa: edward thank you. david: here now is art laffer former reagan economic advisor, art good to see you. so it's no secret we've got these two sort of sides in the trade battle within the trump white house. you got peter navarro who we just saw and wilbur ross on one side. you've got larry kudlow and steven mnuchin on the other side , the latter two being free-traders the first two being fair traders so-called so whose going to win in this battle could you sense that anybodies going to win or maybe it's just that donald trump likes the

tension between the two sides. >> well it may be that donald trump likes the attention but in all honesty larry kudlow and steven mnuchin should win it's the right thing to do. they're completely correct and any type of real trade war as you know, david, would be very harmful to the u.s. to our companies, to our society our economy as well as to china and the rest of the world there's no winner in the trade war it's two losers, if there's 10 countries there's 10 losers, it's just not smart doing it. now should we get china to lower it's tariffs on u.s. products? yes. david: could we get them to stop stealing our intellectual property? yes. >> sure and we should stop other american companies from stealing intellectual property too. it's not just an international issue, david. it's intellectual property should not be stolen by anyone. david: today is just one day in the market and of course they go up and down but it was bad news from your perspective on the trade front but look at the market up 300 points why? >> it's great.

well obviously people think it's not such bad news. i don't know that the trade really makes a difference in this type of market. when i look at what's going on i think the u.s. is very attractive as an investment opportunity and i think the markets reflecting it. david: you know it's also nice concerning this tension between the two sides in the white house to keep the chinese guessing. they don't know, it's kind of like our dealings with north korea. kim doesn't know what's coming next and it's good to keep your competitors kind of off balance isn't it? >> yeah, but i wouldn't put it, i would think of china and the united states as partners in trade, not competitors in trade. david: yeah, but art forgive me for interrupting. i would have said the same thing about 10 years ago or maybe even 20 years ago when we all thought trade was going to make them more democratic and less bellicose instead its been the opposite and we've had more trade with china than ever and yet they've become much less democratic and much more mill tar it's ic than before, why do you think that is? >> i don't know, but i don't think it has to do with our

trade with them honestly. when you look at china, i was the first american -- dago the point is trade hasn't helped that's the point art. the wall street journal edit page and you and i both all thought that if you had more trade with china, they'd become more democratic and they'd become less military, its been the reverse. >> well i don't know what to tell you. we don't know what they would have been like had we not had any trade. maybe they would have become north korea and be really bellicose and hostile. i think trade makes people far better friends than it does enemies and i think it's good for american business, i think it's good for chinese business, i think it's really good for the u.s. economy and i hope that larry kudlow and steven mnuchin win and i hope we don't get protection barriers on there and i hope this prosperity continues i don't want to see 1974 again after we put import surcharge. we devalue the dollar and add this job development credit that it did not include i don't want to see that. david: one of the great things you and i know about larry kudlow is he's a great negotiator. not only does he have firm pleas

but a good diplomat and knows how to get both sides together. i have to ask you real quick on something a lot more positive. there's a new regulatory change by the trump adminitration to make it easier to fire bureaucrats not doing their job in the federal government. that's got to be good news right >> it's great news. i'd love to see us go a step further david and have a national right to work law. i think that would be phenomenal for the u.s. and the votes in congress to do it otherwise you'll get problems with federal employment all over the place and you'll have problems with california and other states that just can't get out of the clutches of the teacher's unions there in those states so national right to work law i think would be great for this administration to propose and put it through and now that we have so many states that are right to work, i think it could get passed. david: you know i think this is the only interview i've had with art laffer where the word tax cuts was not mentioned. >> tax cuts tax cuts tax cuts tax cuts. david: you made up for it. >> thank you. david: good having you my friend thank you very much. >> love talking with you and

melissa. david: thanks. melissa: get out now rescue workers going door-to-door in parts of hawaii's big island amid new calls for emergency evacuations. molten lava flowing at least 70 homes has now shutdown a major interstate we'll take you live to the scene. david: and taking another jab at jeff president trump says he regrets his choice for attorney general. jeff sessions wishing he had picked someone else instead, a live report from the white house , and we'll speak with former house oversight chairman jason chaffetz about what happens now. melissa: and working to salvage the summit a top north korean official said to be kim jong-un 's right hand man arriving in new york city to meet with secretary of state mike pompeo this afternoon, the latest details and the significance of these high level talks. >> the conversation is going to be focused on denuclearization of the peninsula, that's what these ongoing conversations taking place now will be centered on as

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david: still working to keep the summit on the calendar secretary of state mike pompeo meeting with kim jong-un's right hand man in new york city this afternoon, in an effort to prepare for the potential june 12 summit that might still happen itch edson live at the state department rich is it going to happen or not? >> that's a good question david and am officials say that's exactly what they're working towards a june 12 summit in singapore and with that the secretary of state will be heading to new york meeting with one of kim jong-un's top lieutenants to iron out the details this is the north korean vice chairman of the central committee the highest level north korea official on an

official visit to the united states in the last 18 years. the administration says pompeo will have dinner tonight ahead of meetings tomorrow. kim is deeply involved in north korea's recent diplomacy and joined kim jong-un for meetings with south korean president moon and now he's trying to coordinate this summit between president trump and kim jong-un. kim young has already met with the secretary of state he's done so twice, that's when pompeo traveled easter weekend as cia director and then weeks later as secretary of state, and as traveling to new york he is still under u.s. sanctions suspected to have been involved in north korea's nuclear program the sinking of a south korean ship in 2010 and the hack of sony in 2014. u.s. officials are also coordinating with allies on this expected summit. the state department says secretary's pompeo spoke this weekend with foreign ministers from singapore and from south korea and will meet with

japanese prime minister next week. over the past few days the united states has also dispatched teams to korea and singapore all at the goal of trying to setup the summit, the logistics of it and the beginning of negotiations of how north korea would denuclearize, plenty of work to be done on a very aggressive time schedule. david: rich thank you very much melissa? melissa: here to react is former ambassador lincoln loomfield who served as a national security for under president reagan, bush , 41 and 43. sir thank you so much for joining us. what do you make of this number two guy coming to new york? >> well i think you've seen, melissa, a lot of lowering of expectations coming out of south korea, coming out of our cia if you read the press, coming out of the white house. they don't want to aim too high and then miss, and by the way, nobody can really make the decision on whether to try to end the korean war, not only denuclearize but drawdown their conventional weapons that are

aimed at the south koreans except for kim jong-un, so his most empowered deputy is in new york with pompeo and he's the one guy who can pass the message , yes, kim jong-un really wants to go further for an end of the war a full denuclearization an opening of north korea to the world, the same things president trump has talked about, none of that is going to be passed through staffs anyway, so i wouldn't bet against the staffers who are lowering expectations that's been the history for 30 years, but it is possible that something rather major could happen here and if it's not something major, president shouldn't go to singapore. melissa: certainly not but it does give you an indication that they wanted to get everybody else out of the middle. the idea that he's coming here makes you feel like whether it was south korea that was getting in the middle and maybe meddling the message or if it was china the direct talks are certainly really interesting. one thing that caught my

attention was russians foreign minister going to basically the same time, what does that tell you? >> well the korean peninsula was originally divided by two lieutenant colonels the united states and the soviet union at the end of world war ii taking the surrender of the japanese, so the soviet union and then russia has a long history in fact the entire history of north korea has been done in conjunction or there's been sort of a role for the russians. of course china has a much closer relationship now but the russians are very interested in what's going to come out of this melissa: no doubt. what do you think he's saying? what kind of advice do you think he's giving or telling them not to do? >> my guess is that labrof wants to find out what's the deal here? is kim jong-un really going to go for the whole thing, really trying to have where you have unification of north and south korea under some terms, where you do a dramatic denuclearization but also a drawdown of conventional weapons

that protects japan, where china 's interests are protected it's a very big deal and is he going to do that and how are russia's interests going to be affected. the one thing i would say the one thing to watch for is whether the russians kind of throw any wrench in the works and slow things down. that would be very bad. melissa: i mean it's very insulting to the russians if as we keep hearing the reason why kim jong-un is motivated to do this is because he wants security and wants to know that he can stay in his position and that's what the russians were giving him before was that kind of support, so wouldn't they feel threatened and sort of cut of if he's looking to america to secure him? >> they may feel geopolitically marginalized but look at the facts. the more kim jong-un was building up ballistic missiles and nuclear weapons the more he was drawing the united states military and our five treaty allies in asia into a ring that was not only a threat to north korea but also i think a threat to china. i think the chinese military

didn't want that to happen. they reacted badly to the missile defense that we put in south korea, and so i think that china understands the way to keep the americans from showing up in force is to have some kind of a drawdown and nuclear weapon s by north korea could create radiation problems for the chinese there's a lot of reasons why china actually wants to see this happen under the right terms. russia is a little bit more of a bystander. melissa: ambassador we're out of time thank you for your insight we appreciate it. david: we're bringing it back home medicare for everybody why the left's push for more government healthcare could lead to less healthcare. plus, opening a wound president trump again publicly bashing his own attorney general, former congressman jason chaffetz telling us how much longer this can go on. >> if i were the president and i picked someone to be the country's chief law enforcement officer and they told me later oh, by the way i'm not going to be able to participate in the

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melissa: reigniting attacks president trump publicly voicing his displeasure with attorney general jeff sessions via twitter even expressing remorse over appointing sessions to his role. let's go to blake burman at the white house to clear up this whole situation. go ahead, blake. reporter: melissa here we are again this is from a new york times report that said in march of 2017 jeff sessions went down to mar-a-lago and when he was there he was with president trump for sessions decision to recuse himself from the russia investigation and according to the times the president had tried to convince sessions reverse his decision and that, the times says has caught the eye of the special counsel robert mueller. the south carolina congressman trey gowdy earlier this morning reacted on the cbs news morning show, to that report, this way

right here, listen. >> i would be frustrated too. that's how i read that, is senator sessions, why didn't you tell me this before i picked you there are lots of really good lawyers in the country he could have picked someone else. >> so right after that president trump took gowdy's comments and quoted them on twitter and ended by tapping it off with the following, and i wish i did, as in he wishes he had picked a different attorney general. at the white house press briefing earlier today the press secretary sarah sanders was asked if the president is so upset with his attorney general, then why not just go ahead and fire him? >> the president's made his viewpoint very clearly known and i don't have any announcements at this point. >> melissa we reached out to the department of justice earlier today they had no comment on the most recent from the president against his attorney general. melissa? melissa: i'm not surprised about that blake, thank you. david: here to react is jason chaffetz former utah congressman

and chairman of house oversight committee, he's also fox news contributor. jason, the public humiliation of jeff sessions how much longer can it go on? >> well, jeff sessions is there in name only. he's absolutely worthless as the attorney general, the single biggest thing they're dealing with at the doj, he's recused himself and he's absolutely absent when it comes to document production and other key things. david: forgive me for interrupting, he is the highest law enforcement agent in the country. i mean, it's a very significant position, it's not like he's got some position that most of us don't deal with. this is an extraordinary for the president to have lost all confidence in the highest law enforcement agent in the country is very serious, no? >> yeah, and this is not the first time that the president has tweeted his displeasure with his attorney general. i wish he would leave.

i think he was a good senator and i think he's a decent human being but he can't do the job. he's not up to it. he's there in name only, he's just occupying the seat and they need to get into the process of nominating somebody else so they can go through that process and have a real attorney general for once. david: well of course what started the whole lack of confidence on the president's part in sessions was the recusal and starting up of the special counsel and russia investigation there's this new sort of line being spun now in the media that unless you're sophisticated you don't really believe that there was a spy in the fbi that was planted in the trump campaign. most people who know better don't call it a spy was an informant and sort of the jim clapper line that in fact the informant was put in the trump campaign to help the trump campaign, not to spy on the trump campaign. where do you fit in this new scenario?

>> well, this is an important distinction, everything that we've said that's been said is that it was not a criminal investigation. that would be treated differently. at a counter intelligence operation that would be different and what seems to be a break from protocol is that the fbi, the department of justice, did not inform then candidate trump, president-elect trump and president trump. each one of these steps, they should have informed donald trump that this was happening because it was not a criminal probe, and that is a huge difference in how operationally the department of justice treats these things. david: and frankly i'm not sure that i buy the fact that all of these fbi officials who were anti-donald trump i mean people like peter strzok, bruce ohr at the department of justice, andy mccabe who lost his job because he wasn't frank and then of course fusion gps which kind of worked like a subcontractor hired by the hillary campaign, i can't believe that they would be put in the trump campaign to

help donald trump. >> well, again, our government when you're the nominee for president, we help you. we give you secret service protection, we give you cia briefings, and if there was a counterintelligence and concern that russians or anybody else was trying to infiltrate the campaign they should be telling the president that, but they didn't seem to do that, and that's why it becomes highly suspicious and we need more information. david: we need more information that's the bottom line. the wall street journal had an editorial it seems like months ago but a week ago titled the informant who wasn't spying and they were being sarcastic about that because they did think it was a spy in the trump campaign. they said the public deserves to know who tasked the informant to seek out trump campaign official s, what his orders were, what the justification was for doing so and who was aware of it , was the knowledge limited to the fbi or did it run into the obama white house? i would think those are questions that the american

public has a right to know. >> and where is the national media's curiosity. they just seem to give these people a pass and they used to be so anti and so concerned about the department of justice and the fbi and snooping, but then if it's on donald trump they're okay with it, so the duplies it there on the democrat side and on the national media is really quite sickening, but these are legitimate questions, and their timeline timelines by the way they don't match up at all so somebody needs to answer a whole lot of questions: david: jason chaffetz good to see you. >> thank you. melissa: the white house, the reality tv star meeting with jared kushner to discuss prison reform the latest on that meeting coming up. david: plus president trump weighing in on the roseanne controversy why he is accusing abc of a double standard, howie kurtz, fox news media analyst is here next. >> where was the apology to the

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interview. by september 1 the public should have an explanation of what mueller has. i really want that. >> [indiscernible] >> they can get rid of some situations. in fact the only way they can prosecute manafort in that case, not being authorized and they're only doing it, it would be a lot more [inaudible]. >> well if he doesn't, they will file a report by september 1, this september, [inaudible]. >> i don't think he's going to fire mueller. >> ladies and gentlemen, please

follow your leader to the next station. >> it may be a mistake and maybe the american people have concluded that impeachment is not proper. everybody in this town knows they do. meaning meddling in the election bill and hillary in july, bill and hillary in late october and then coming back on the investigation the week before the election? horrible. you're going to get a report from michael horowitz i believe that will explain. thank you. david: so the inspector general , of the department of justice is issuing his report on what problems there were in the whole electoral process whether it as the hillary investigation or the russia investigation. melissa: he's the ig looking into what was going on at the fbi which is going to be interesting that report in and of itself but rudy giuliani, they're saying that mueller

should complete his investigation by september 1 and then they were going back to kind of parse that idea of when the president accused robert mueller of "meddling" in the election and the media liking to really parse those words and of course you know they're compar ing it to using meddling in the same sense as russia did in the investigation. it's kind of obvious to a lot of people i would think that the president means he is mucking it up by continuing to hold things, release things, keep the russia probe out there, but -- david: and the question is, or else if you don't have it by september 1, what happens then? you just heard guiliani say he doesn't think the president is going to fire mueller, but what recourse is there after that? melissa: all right the lava is closing in hawaiian residents are being ordered to leave their homes immediately, as one major evacuation route is blocked, by the fast-moving lava we are on the ground next. into retirement...

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melissa: president trump calling out a double standard at abc this after the network canceled roseanne barr's hit comedy following a series of racist tweets by the comedian, they called valerie jarret to let her know that abc does not tolerate comments made like those to roseanne barr. you never called president donald trump made about the horrible statements about me on abc. maybe i just didn't get the call here now is howard stern fox news analyst and most of mediabuzz. you think he just didn't get the call? >> i think there was no call and i think it would have been more politically effective for president trump to at least make some criticism of the very racist tweet that roseanne barr had posted about valerie and then moved on to his complaints about disney, abc, you name it. it is true that a lot of harsh things are said by a lot of

people, commentators, performers , about this president , and often there's not enough of an uproar and often nothing happens but sometimes they get fired or suspended but that doesn't takeaway from the fact that abc felt it had no choice but to pull the plug on the show that it brought back featuring a pro-trump character because roseanne went wild on twitter. melissa: i mean now the race is on to look at everyone else who said something in their twitter account and everybody else who should be punished, where do you think that goes, howard? >> well you know, every media organization has to make its own decisions and i can go through the list of people from bill mar to joy joy behar, to kathy griffin who was fired by cnn for holding up the blood it trump mask and other people like espn the former co-host of sports center tweeted that president trump is a bigot and a white supremacist and nothing happened to her and that's of course owned by disney as well so it is

fair, i think, to point out whether there is a double standard or triple standard but i think it shouldn't be confused with the fact that even roseanne on twitter in that sort of un hinged tweet storm last night said what i did was indefensible don't defend me it was egregious she realized she went way too far. melissa: what do you think the overall impact is? do people sort of take it down a notch because they think wow it looks like i could really get fired? >> i would live to think that, right? you see people who just kind of blow off their careers on all sides with a single tweet and yet at the same time while i don't see a lot of evidence of people pulling back, abc knew exactly what the network was getting in roseanne barr. she has tweeted for years all kinds of conspiracy theories an just the other day she was tweet ing a false rumor about chelsea clinton and george soros , so it wasn't like it was a shock. abc made a gamble she could provide a funny show which

turned into a huge hit which resonated in trump country but she couldn't restrain herself on twitter and maybe if this can happen to the woman who was running the most popular show on tv, maybe other people say i better be a little careful with my words online. melissa: yeah, there are a lot of artists out there who are, you know, a little bit mentally unstable maybe everybody should stay off twitter i don't know. >> that ain't happening. melissa: yeah, great good point, howie thank you. >> big life lesson. david: meanwhile big life lesson out in hawaii where molten lava is still pouring out of the kilauea volcano knocking out power lines destroying over 70 homes. magma from the volcano now traveling down highway 132 on the island, forcing new evacuations, officials fearing residents could become trapped on parts of the island. wow lock at those pictures. melissa: taking a page from the bernie sanders playbook, democrats are pushing medicare for all as a new strategy for the mid-term elections, but what would it mean for you and your

family? dr. marc siegel responds, that's next.

melissa: breaking news kim kardashian is ariving at the white house the reality star is sitting down with administration officials and the president, son-in-law jared kushner the details behind this meeting are coming up. >> where people believe is that all of us should be guaranteed healthcare. we have the momentum, but we're not going to win this fight unless all of us are actively involved, unless we stand up, unless we fight back, unless we make sure that every american recognizes that healthcare is a

right, not a privilege. david: senator and former presidential candidate bernie sanders laying out the case earlier this year for socialized healthcare, or medicare for everybody, as the number of democrats are now saying but will voters believe that more government involvement in healthcare is going to make things easier, cheaper, and more efficient? with more on all this fox news medical correspondent dr. marc siegel joins us now. you look at the problems with the va. medicare is hailed as a great thing for all old people but frankly i talk to a lot of people people who have problems with medicare and you waste the fraud in that system is billions and billions of dollars every year, we're spending a fortune the government right now imagine multiplying that by a factor of two or three wouldn't the problems also multiply? >> david just last year alone there was $58 billion in un reimbursed moneys in hospitals from medicare and medicaid which they make up for and here is a little secret by charging

private insurance more. that's the current system so in other words medicare and medicaid currently is sinking things, even though it's not extended. david: let's put up on the screen because we put together the amount of money that the government and frankly i didn't think it was this much. >> it's 700 billion. david: medicaid is 400 billion. veteran's care is 70 billion and defense program spending on healthcare is 51 so that's a total of $1.3 trillion a year that taxpayers are spending right now for healthcare and again, that could double or triple if bernie has his way. >> well bernie's plan is at least according to his own estimation 13 trillion over 10 years and urban institute says $30 trillion over 10 years we'll end up in a rationing situation like canada has where you wait four weeks or more for a hip replacement or cardiac procedure this isn't going to work. what does work are the private solutions. price transparencies, competition, more choice, fda is increasing more generic drugs. david: let's stop with

competition because our viewers believe in competition i believe it brings prices down gets the best product to the market you look at the problems with these drugs across 300 and 400 times what they cost to manufacture, a lot of that is because there is no competition in certain areas so this administration is trying to bring more competition into it. will they succeed and how? >> yes and so the medicare told me in an interview next week that step one is price transparency. they have a drug dashboard now where you get to see how much your drugs increased in cost over the past year. they have over 3,000 drugs on this dashboard, devon nunes drugs, cholesterol drugs, skyrocketing an arthritis drug called enbrel, $2,700 a month and guess what the middleman does transfer the price to the consumer. david: very quickly doctor. >> now the government is negotiating on the senior's be half. david: the problem is that bernie sanders has a lure of making single payer socialized

medicine but the idea of not having to worry about insurance paper, not worry about government papers and having the government take care of it all it's a tremendous lure will voters buy it? >> no because voters listen to people like me who say in the doctor's office you don't have access. we know that insurance card doesn't get you into see me. if it's a crumby insurance card definitely won't get to see it. patients are smart enough to not want that they want a system where they have choice where there is competition where they can choose one provider over another one service over another david: dr. siegal, thank you very much. melissa: why even the white house is now keeping up with the kardashians. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. with savings on the new sleep number 360 smart bed.

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reform. >> pushing for president trump to pardon a 62-year-old great grandmother named alice marie johnson, serving life sentence without parole for first-time drug offense. not clear if kardashian will meet with president trump. >> very interesting. all right, "the evening edit" starts now. >> great progress. also not only you look at the economy a year ago, look at where the relationship with north korea, with the rest of the world. i give this president trump a great deal amount of credit. remember it was the democrats who criticized the way he was talking about it that brought him to the table. he was able to shut the door with china. able to bring north korea into south korea, and you know what? he's going to have the meeting, if it's at the right terms. liz: the dow retracing the majority of yesterday's 390-point drop over the crisis in europe. but it ain't over yet. tonight, we're going to show you how the rather reaction to europe's mess