exonerated me. the media beltway echo chamber is not used to a present like this. >> is just very entertaining. stuart: neil, this is yours. >> we are following up on that exchange. we are following up and what an exchange that was. they will have to sit in jail because they're not allowing, for the time being for him to go out on $10 million bail. into the slammer he goes for what could be things to begin with the trial. what happened of all manafort and how is the white house reacting. the president indicating that paul manafort was not as

detailed or hands-on player as many come to believe. you might react to that but the bottom line is, paul manafort, his home was raided in the middle of the night when you go back to michael cohen in his personal lawyer, his home was raided and his office was ransacked. >> we just heard from the president moments ago on this very issue, not in reaction to his ex- campaign chairman being jailed, but we did hear him talk manafort saying he feels badly for him. he doesn't think his home should have been rated. manafort didn't work for a long for him and had worked with other republicans like john mccain, bob dole, ronald reagan saying he's not the only guy in the gop that had ties to him. this is what it means for manafort. he is awaiting two trials on several felony counts. he will be in jail for several

months. here's the felony charges. he also has some felony charges for money that he allegedly funneled through some offshore accounts. two separate issues they will be looking at. you will see him sitting in jail while this process plays out. i want to go back to what we heard from the president today on another bombshell report. yesterday the ig report comes out on the clinton e-mail probe and the president's first on camera reaction moments ago saying the reporter exonerated him but he was really fired up about the reports, findings in their essential conclusion there was no pious surrounding the probe. he called the report a horror story saying it really does not, he feel, doesn't work to

prove the point that should've been proven that there was political bias. also the commander-in-chief is awaiting, or celebrating the long-awaited result that he said he feels exonerated, that there was no rush inclusion. also today, the president following through on the 50 billion-dollar tariffs that were announced today on 1100 different chinese imports. he says they are targeting what he calls the crown jewel of chinese exports. >> we will b do $50 billion on $50 billion of high-technology equipment and other things coming into the country because so much of our secrets, we have the great brainpower who steal those secrets and we will protect those secret spread those are crown jewels for this country. >> the president also defending his decision to work out a deal that if he didn't

millions more people would be killed and he did not want any of their families or loved ones being hit with a nuclear weapon which is why he worked out the deal with kim jong-un. >> thank you very much. hillary vann was at the white house. we will let trade, that tit for tat because chinese are writing their own tariffs. you know the drill. that's what's happening right now. although we are down not as much as we were, 222-point spread we were down 270. let's get the read on all of this. we have foxnews.com columnist liz and. this doesn't stunned me. i'm surprised is not even more.

>> if you look back to when the president started talking about tariffs in general, we've seen a reaction the market and it hasn't been just to sell every start, it's been to rotate into different types of stock and that you would expect could continue. this is when the president started this type of talk. the dow is flat to lower. the russell 2000 made up of mostly small stock and mostly domestic companies that have most of their business here. that index is up by about 11% coming in today. that type of reaction is natural when the larger companies in the dow are under pressure because of all the straight talk. >> indeed. too that point, obviously the culprits like boeing and caterpillar, they ride high and it looks like this doesn't appear likely and down when it looks like it could. >> i think that's exactly right. investors are discriminating against those companies that will be hit and those that will not. i think the markets are covering a little bit because people are aware we are imposing the sanctions right now. they will be imposed shortly is the language i think they used. >> it begins july 6 arbitrarily, and the next wave

, about a third of the wave comes a couple weeks after that. >> i don't think it's coincidental that mike pompeo yesterday was meeting with the chinese leadership and basically saying hey, we are still in negotiations about the whole sanctions on north korea, trump obviously wants them to continue maximum pressure sanctions. this is clearly something they are let using as a leverage point to make that happen. i think investors are kind of thing we don't know what's going to happen in is it likely were going to follow through on these, not necessarily. >> these are short-lived events, for the most part. the markets then shake it off because they don't think they will actually ever be, that we won't see that, that cooler heads will prevail. what do you think? >> i'm very concerned that these tariffs are in fact illegal according to the very international law that the united states helped craft according to the terms of the world trade organization,

anytimtype of dispute needs to be brought before the wto. we cannot act as judge insure in our own dispute. clearly there is a problem. china, about 70% of all the software is pirated. 87% of all the goods that are counterfeit and brought into the united states come from china. we do need to do something but we need to go through the wto. it's far better to be an independent and neutral observer from the wto there deciding china is in the wrong and have our own president do that single-handedly. >> i think the president called the wto as she him. >> that may be true but because of the way he looks at his own political situation he feels like he has an opportunity to basically do what he wants when it comes to trade and for lack of a better term get away with it because he has an economy that is very much running on all cylinders.

>> from day one we've talked about this but i think this is almost underestimated by people in the markets to some degree. this is the one issue, maybe there are more but there's one big issue this president actually really believes in to his core that he hasn't flip-flopped on, that he hasn't changed for political expediency. look at his comment about vcrs from the 80s. it's the same about the technology coming out of china. this really shouldn't come as a surprise. they might be right, they might be using this as leverage and they might pull back but there's a good possibility this time it's for real. >> there's a good possibility about this. china has a huge trade surplus. >> going to the wto, we been doing that. we have a stack of charges and accusations piled up at the wto which moves glacially and doesn't really resolve anything. >> but they did resolve, we put 17 complaints against

them. of the 179 have been resolved directly. there's only three outstanding and the other we resolved after we had. >> so this is the result of our winning? we still have these disparities? >> the point is we have been bringing things piecemeal. neil: even after all that we do have a setback in a lot of cases. spread we need to go to the wto. we need to bring their whole system. keep in mind that. >> i do want to get your take on the manafort issue. >> i think it's discouraging to see anyone continuingly moving forward and to see the judge involve taking such a hard line, trying to pressure

them are that's the only thing you can read from this. >> i think we had an awful lot of distractions for this administration. it makes it a difficult time for him given all the other issues were facing. i wish there weren't quite so many headlines as well. >> about what that. >> i would argue that the trade issue is a much larger issue that hovers over markets. i understand not having this resolved in the idea that maybe the odds are that it goes on longer rather than gets resolved in the short term is one of many issues. >> connell, to your point, this is the perfect time to take this on. this economy is red-hot. manufactures have a 14 year backlog. they won't be concerned about trade dispute that goes into

effect. farmers are different issue. i agree with that. neil: thank you all very much. we will hear more on all of these developments. the president said his ig report completely exonerates him. some legal scholars disagree. i also want to get his read on the paul manafort situation. his former campaign manager is going to jail. not so much of the trial. the idea that he was a threat to leave this country, is that too much? that's next. ♪

a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪

add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

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

the judge has ordered paul manafort, donald trump's former campaign manager to sit ins do in jail. he could be sitting and stewing for a while, for months. maybe they consider him a flight risk, maybe both are going on here. i don't know. i do want to get a read on all of these developments. mr. chairman, very good to talk to you. what do you make of this manafort development? >> i don't know the details. i haven't seen the judges decision. obviously if you violate the terms of your bail, you can be held and they must feel he did something that violated those

terms. we'll have to see. honestly i think anybody who is charged with a crime needs to be brought to justice and they can't be a flight risk, and they can't be in any way trying to influence the courts by communicating with people while they are on the outside. all those things have been discussed, i don't know what the facts are so i can't really offer whether or not the judge is correct in his decision. >> cynically a lot of people read into this that he had already surrendered his passport so he would not appear a flight risk, but if this was really about flipping him, getting him to talk and serve up names and people. what do you think? >> i don't know. i do know this has been going on for over a year now and there has been a central key of looking at whether there was collusion between the trump campaign in russia. i haven't seen any evidence of that. i have said that the special prosecutor should do his job, but once the job is done they should get it done.

a lot of these other cases like mr. manafort could be handled by any united states attorney anywhere. it doesn't need to be handled by special counsel unless it goes to the core issue of the evidence that anyone in the trump campaign included with the russians with regard to the election. >> it is weird. some of the methods that the prosecutors have taken, in this case to keep manafort in jail for months, ransacking his home about a year ago to get information in the middle of the night, doing the same with michael cohen, his home and office. those are very unusual methods. what you make of it. >> they're not totally unusual. they're definitely strong handed measures and again that's why we have courts for judges to review decisions and why the congress, including.

[inaudible] they have oversight to make sure they are following standards. that's exactly what we've been doing. that's exactly what were doing with the hillary clinton e-mail investigation which i think was totally mishandled by the fbi. we have confirmation of that yesterday from inspector general who is very thorough report and provides a long litany of examples of how hillary clinton was not treated like any other suspect in a criminal case. she was given special privileges including things like having turkey aids in the room when she was interviewed by the fbi and having a whole lot of other things that were examined related to how mr. tommy handled the announcement and decision. >> the president commented on that report sang among other things it exonerates him. what did you think of that? >> i think there is a lot of information there regarding how there was extreme bias in

handling these two campaigns. on the one hand there bending over backwards to not take action with regard to former secretary of state and candidate clinton and yet the same people at the top of the fbi are involved in setting up an investigation into the trump campaign and alleged collusion with russia and they're using material that were provided by democratic sources as the basis for getting a fisa warrant. there is a lot of concern there about how that's been handled. >> you believe what rudy giuliani said that bob muller should suspend his investigation right now? >> i have said to everyone that the investigation needs to be properly conducted. it needs to be completed in a timely fashion, it does place a shadow over any administration, no matter republican or democrat and they need to get the work done

and get out. if there criminals that they find along the way, those allegations about mr. manafort, turn that over to the united states attorney. they handle cases like that everyday. they can do that. but we are not calling for an end to this because we don't know what mr. muller has, but he needs to get it out there if he's got something. >> you believe now that any chance that the president could ever testify or talk to mr. muller this went out the window? >> say that again. neil: do you think the president should still consider testifying to bob muller and his team or does that just go. >> i'm not.a substitute my judgment for the judgment of his own attorneys, but i would be very cautious about that, particularly where it's been made clear he's not a suspect and there's no evidence that some brought forward of any collusion between the trump campaign and russia. if there are other reasons to not do it, i'm not privy to those and i will leave that

judgment to the president and his lawyers. neil: chairman, you had mentioned you would love the opportunity to subpoena and talk to peter strauch, the fbi worker who still has a job at the fbi. he and lisa page and all these who were disparaging mr. trump at the time. what you want to find out from him. >> first of all, we have thousands of texts conversations between he and lisa page that raise huge questions about what the meaning of those techs are. for example, he says to lisa page, we are not point to let that happen, were to stop it with regard to the election of donald trump as president of the united states. who is we? another question is does that relate to the so-called insurance policy that he references in another text. there is a ton of information we need from mr. struct.

we been requesting him from the department for some time now and if he's not produced we are now prepared to issue a subpoena in short order. >> let me touch on the immigration issue. some different measures that will be taken up next week, yours and then i guess a more moderate approach to this, but that something will be done and voted on next week. are you confident that some measure, one of those two, yours or this other alternative plan will pass muster before the midterm election? >> it's very important that one will pass because we have a serious problem at our border, and is not being solved. you can see it even with the president of the united states who is dedicated to securing the border and enforcing immigration laws and has called upon the congress to do something fair and sensible for the so-called daca recipients. it is very important we pass something. i like the bill i introduced along with mike mccall and martha mcsorley and chairman

of the committees and subcommittees of jurisdiction of the issue. we've also worked collaboratively with the leadership on people who supported and do not support it. we have reached a consensus bill which we provided text language that were now circulating amongst the members. it's very important that one of those two bills passed. my preference that we get 218 votes. neil: both measures include financing the wall. is it your belief that whatever happens that wall will be built? >> one of the attractive things in the second bill that's not in the bill that i introduced along is a trigger mechanism that says we will provide opportunities, earned opportunities, not a special pathway to citizenship but earned opportunities for people who are brought here as children illegally by their

parents, but that cannot go forward if the scheduled funding for the wall over the next five years, and it's not just the wall. it's lots of border security. if that doesn't go forward, a trigger would put a halt until the money did come forward to the other progressives. neil: i can imagine many democrats voting for a wall. >> i think this will be done merrily by republican members of the house unfortunately because the democrats have recited to politicize the issue rather than get serious about addressing the present. >> let me ask about that. the president said today that separating parents and kids who come into this country, that's been the policy for a long time and this was actually part of a democratic law. do you accept that? is he right about that? >> the law has existed for quite some time that the administration is attempting

to it here too. i think it was adhered to by the obama administration different ways. they said we can't keep the children beyond a certain amount of time and therefore we will let them and their parents go into our country and come back for hearing later on. guess what in the lot of them never come back. the president said that message goes back to the country where people are coming from and then they do not have any disincentive to come here. you've got to enforce the law. the law says the parents, if they're charged with a misdemeanor, they need to be held but they can have the children with them. i think we can fix it so the children can be kept in a humane way with their parents in the circumstances. we are working hard to make sure that is accomplished in this legislation we are offering. neil: chairman, good luck. thank you very much. he made a lot of news talking about a lot of issues including putting the onus on democrats to get an immigration deal done. some say republican are

calling democrats bluff. democrats argue there calling the bluff on republicans. they're both bluffing us. we will have more after this. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way

copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪ go your own way get your first prescription free at anoro.com.

neil: today a lot of activity in media and the world right now since at&t time warner looks to be a done deal. a lot of questions going for. have susan lee and charlie. what are you hearing now? >> the justice department has to figure out whether they want to appeal the case. neil: i didn't understand what you are alerting us to yesterday. >> cnbc screwed up and said there definitely ruling an appeal of the judge's motion. what they ruled out was asking for a stay where would stop everything if you went to d.c.

circuit court. what they're saying is let the merger go ahead. we still may appeal. they still may go to the d.c. circuit court, which is a court where there are more obama administration appointees. neil: so it's not a dead issue? >> no. it's a theoretical possibility. it will be difficult, but i think what they want to do is put everyone on notice. they consider themselves not a regulator but a law-enforcement association or authority to say we believe this deal, based on antitrust grounds is illegal. we don't want comcast to get bigger. 's. there's and use the zone because we may appeal this and we may go after that. neil: then who else is in play here. >> obviously comcast fighting for fox. there's a line being drawn in the sand. the markets are thinking how far can comcast take this bid. $65billion in cash if they leave her up 270 billion if

they did go through with the spread they might see some downgrade. neil: that's a heck of a lot less than at&t. >> it would be the second biggest nonfinancial borrower after at&t. and they do expect a downgrade from moody's and s&p. >> here's what happens. here's the timetable. i've been talking to come casper they think disney will up its bid. they're not so sure about what type of control either has on this board. can they really get them too ante up. here's the big timetable. early next week 21st century fox has to respond to the comcast bid. the probably going to say as we reported that will look at it and do our due diligence.

the can't deny it outright. they have to weigh the regulatory issues as a pointed out. we can reject this deal on the notion that we think the justice department is going to throw a line in the sand. we come out with our first thing which is that we have to look at it, then disney, later in the week, the way i've heard will come out and up there bid. neil: could there be other players? technology companies? >> there's a rumor there is a tech player looking at it. we asked about apple, i have a source inside apple, we have the indication they're not interested but we do keep hearing there's another technology company. >> by the way, all these guys have a lot of cash. there's not been a tech company that's made euphoria

yet. a lot of people have been talking about it but none yet. >> the market said someone will pull the trigger and it might be amazon since they been buying a lot of content and paying producers to make shows for their platform. i think history proves they're very hesitant to pull the trigger. what's the largest acquisition they made? whole foods a year ago. >> the richest guy on the planet is really tight. he doesn't go willy-nilly on a hunch. >> i feel like these technology companies feel like they don't have to. there he have the platform so just bring on the content. i don't need to buy anything. look at youtube. they bought it for one and half billion many years ago. >> i don't think they're willing to pay 65 million. >> i kind of agree. i don't know. here's the question but how fast, if you think at&t is going to go through -- >> i think it is.

>> if you think the justice department will allow it to go through, then you've got to get some content fast. neil: did you read any of my cues that were going to commercial. [laughter] what about this, pouncing on hot stocks and hot sectors. reast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai.

diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my mbc with verzenio. be relentless. ask your doctor about everyday verzenio. it's not theirs, it's mine. the new rx 350l with three rows for seven passengers.

lease the 2018 rx 350l and rx 350l awd for these terms. experience amazing at your lexus dealer. where we're changing withs? contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com.

neil: our colleagues at the wall street journal has an interesting report that merrill lynch might reverse the ban on commissions for those who handle retirement accounts. associate publisher and great author jack, what does this mean. >> let's get the bad news out of the way. when someone has a commission that the financial incentive to sell youth something, they will try to sell you stuff. when it comes to investing,

that's not always a good idea. they should be selling you only the things that are absolutely the best for neil cavuto or whoever the client is. commissions are dangerous. most people in this business are good and honest and only do the right thing but the lot number says some people will go in and push products their clients shouldn't have. in the obama administration, the department of labor came up with the standard called a fiduciary standards just as doctors take the hippocratic oath and lawyers have an oath. neil: lawyers have an oath? [laughter] that rule is problematic for a lot of reasons we won't go into. it was basically iced in march. it looks like it's dead. so they're going back to this idea of commissions. i will say the rule is problematic for a number of reasons. one of which is, let's say you've got a million dollars in your 4o1k.

you saved diligently for 30 years. if not charging commissions, they have to charge you somehow. the standard thing is to charge you a percentage of assets. 1% of a million bucks is ten grand. it might be worth it one year to pay that to get a great plan but 10000 every single year, are you really getting your money's worth. a commission based plan would probably save you money in the end. i can see both sides of it. neil: by the they needed now? they're making money hand over fist. >> with the smaller clients that don't have a good financial arrangements for everyone, the broker make some money and the client gets good service. i think a better way is an hourly fee. people don't like writing a check, they'd rather not see it. for a small client with small means i think that's the best way. neil: do they still avoid

selling you something you don't need like annuities? with this allow them to do that. >> it would allow them to do that. the result of this law is that the annuity business has gotten a little bit better. this was coming down the pike and some annuities are pretty good. i'm a fan in limited cases -- >> i lost a lot of respect for you. [laughter] >> with that said there are some -- >> how do you police that. >> it's tough. if it advisor is a fiduciary he or she will only sell you a good annuity. if there commission based you just now. >> in this environment where we want to look at media stock, today notwithstanding and now talk that comcast and disney will fight for 21st century fox, et cetera.

>> it's good to be more wanted. >> but it's good to follow the hot stocks in a moment. a lot of people feel like they need to get in because they're hot. you have a more calm approach to this. how do you advise people who want to get in-and-out real fast on what's hot. >> it's great that you want to get in because her hot. you know when to get out because they're about not to be hot? of course not. that's the danger. with a retirement account, you've got to think long term. how many years is it until retirement? are you sure google, facebook, amazon and all those guys are still going to be the hot stock. you're not. frankly, the reason this sector is so on fire is disruption. at&t is in buying companies because they want to go to hollywood. it's because they're worried about what the future brings.

>> you'd be richly rewarded for buying technology. how do you advise people to look at that and say i think in this day and age i should be disproportionately weighted. >> guess what, you are. if you own s&p 50015% of your portfolio is facebook, amazon, apple, microsoft and alphabet. those five stocks alone. you don't have to go by the start. you are ready on them and frankly, anymore than 15% in fives stocks is a little scary. i recommend just a simple index fund in the total market. the vanguard fund is dirt cheap. you don't have to guess. if i guess i would tell you google has a wonderful note. i see less chance of google blowing up in a facebook where

there's potential vulnerabilities. don't bet your retirement on my gas or your gas. just diversify. i know a very conservative advisor who recommends his clients who have a little bit of play money to invest. that lets them get their excitement out there, it's a tiny portion. if they get it right it's a few extra bucks. they get it wrong but doesn't think their retirement. if you screw up you have a long time. neil: your mother and i are keeping everything. jeff, thank you very much. a great read on these things. the ig report and the muller probe, do you think there's any connection here? the president says he's exonerated some people say the muller probe is delayed, maybe substantially. we connect, you decide, after this.

a can clean up a retriever that rolled in foxtails, but she's not much on "articles of organization." articles of what? so, she turned to legalzoom. they helped me out. she means we helped with her llc, trademark, and a lot of other legal stuff that's a part of running a business. so laura can get back to the dogs. would you sit still? this is laura's mobile dog grooming palace and this is where life meets legal. i'm not really a, i thought wall street guy.ns. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade

>> there was total bias. when you look at peter's truck and what he said about me and when you look at james comey. was a pretty good report and then i say the ag blew it at the very and.

he goes on to say how guilty hillary is but then he goes on to say what equity do anything about it. the ig report was a horror show. i thought that one sentence of conclusion was ridiculous. neil: i'm just wondering. this delays the final investigation. he's gotta make sure no embarrassments pop up. he could delay it but what it should do is set off the alarm bells. the number of people that showed bias in this report actually worked on the investigation. it is just extremely concerning that we would have this kind of bias in the premier law-enforcement agency. neil: the president says it proves he's exonerated and proves there was a whole lot of the testing donald trump.

the read now from republicans, committee member chris stewart. it's very good to have you. is your sense that the president makes a valid point or that there's concern that bob muller might have to make sure everyone he relies on for all the final conclusions. i do think the special counsel is under pressure right now. there were hundreds of lawyers.

we keep hearing the word bias but this is much more than bias. this is far more emotional. i speak with people every day who disagree with me. they don't call people they disagree with retarded. they don't call them pos. this isn't just bias, this is far more emotional than that. >> the president has said some doozies for people he doesn't like, but you're right. it's a little apples and oranges. let me get a sense of where you see this investigation going. paul manafort was rescinded, denied $10 million bail. he will have to sit and stew in jail for months. >> i will leave that and just recognize i'm not an expert on that. apparently he did have some

contact with witnesses that he shouldn't of. to mr. muller, i'll continue to say what i've said for months. please continue your work but do it as quickly as possible. the american people deserve to know and people who have had a shadow cast over them who from our work on the intelligence committee, we know there were accusations of jaywalking and dealing bubblegum, these are very serious accusations. they've had to live with us for an awful long time. please keep your work going and do it as quick as possible so those people who are innocent according to our investigation and have to live under this doubt, so they can have their name cleared. more importantly, the american people deserve to know and it would be nice to have before the midterm election. neil: do you think the president should consider testifying to muller and his people. >> i'm not an attorney, i'm up

how to say and i'm the leave that up to people who are much smarter. they've gone back and forth. i wouldn't advise the president on whether or not that's a good idea. they have not done anything wrong but there is a certain fear of that, no doubt. >> the reason i asked the question is because i don't think it will ever happen. rudy giuliani said maybe muller should suspend his investigation altogether. >> i wouldn't be satisfied with that, once again for the people who are innocent. i think we owed them the responsibility of clearing their name if they're not guilty of what they been accused of doing. i hate to repeat myself again

but the american people deserve to know as well. i think we are very close on this. although we don't monitor mr. muller's investigation, after 15 months on the house and our investigation, i think we have a fairly good sense of where this will end up. unless you found something extraordinary unlikely that he would find that we didn't even get a whiff of, i find that unlikely. with that being the case, let's clear the air for. >> people. neil: real quickly, i know we know about the peter struck and lisa stuff but who is this unidentified fbi employer? are you trying to find out who called all trump voters uneducated and lazy. >> it's shocking to me. i've had fbi agents reach out and say we want you to know we don't feel that way. there's many of us out there in the field who don't feel that way or talk that way in

such a this role or emotional tone. how is it that director comey has surrounded himself with these people where they were clearly emotionally conflicted and i think it reflects on his leadership that they didn't recognize most of the people around him who had political views doing their job in a nonpolitical way. neil: it's good to see you. house intelligence committee member. there were several other unidentified staff members who enlisted similar opinions. that was just the one i could quote. we will have more after this. ...

just another day on the farm. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud,

and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed.

neil: all right we are still down on the day not as much of the day and truth be told, if you buy the trade war given that we're upping the ante with the chinese which is the case the fact is the first indication that we were going to get tough on trade, we're still up a thousand points from the levels, now we've gone back and forth, small talks and done extremely well so want to put this into perspective and what is still a strong week and still a strong june so you need more reaction from this but maybe the hope is cooler heads prevail and add to that the noise here that the president's former campaign manager paul manafort is going to is to be in jail for maybe a few months as he awaits trial even though he was able to put

up $10 million in a bond that the judge effectively said no, we're not interested in that we're interested in you just staying put. adam shapiro has the latest on all of the above. adam: neil in the issue today is about alleged witness tampering remember mr. manafort the video you just saw let's show him again because he's charged with money laundering, tax evasion, conspiracy and failure to register as a foreign agent so what team mueller said in court filings requesting that his bail be revoked is that mr. manafort along with a companion of his, a russian had been telling potential witnesses who might testify in the fall to lie to the jurors saying that mr. manafort's lobbying efforts on the part of the ukrainian government and ukraine only took place in europe. that would mean he's not guilty of the failure to register as a foreign agent charge so that's at the core of what's going on here today. remember too that mr. mueller's trying to get mr. manafort to

talk to him and he's not done that yet. well some of these charges are issues that go back several years when mr. manafort failed to report something like $30 million that he had received over the years from the ukrainian government to lobby on their be half. here is what president trump said this morning when asked if perhaps it's time to pardon paul manafort. president trump: you know, paul manafort worked for me for a very short period of time. he worked for ronald regan, he worked for bob dole and john mccain or his firm did and many other republicans he worked for me like 49 days or something, a very short period of time. i feel badly for some people, because they've gone back 12 years to find things about somebody. adam: neil, if you pull out and try to look at the bigger picture in all of this, this guy whose also named constantine, he allegedly told rick gates, a manafort business partner, that he was a russian intelligence officer and gates allegedly told

that to both gates have already plead guilty to the charges against them for mr. mueller and of course, mr. manafort was lobbying at the time for victor yanakovich who had close buys ties to mr. putin, before he was thrown out by his own people and so the picture though it's not necessarily fact but the picture here is that perhaps ties to putin was also tied to this yana kovich, and you can see where mueller is trying to get the pressure on manafort to talk. neil: understood adam thank you very very much, i have judge and andrew napolitano on the phone with me now. what do you think? >> well this is a significant blow to manafort because his lawyers have to go to jail and bring hundreds even thousands of documents this is a very very very document-intense case talking about close to a million pages of documents, the government supplied the defense and they have to review every one and they can't do it in

their offices they have to do it in a jail so it's a significant significant setback for him. basically, what the judge did this morning was to find it is probably true, not guilty beyond a reasonable doubt because he gets that in front of a jury but probably true that he did what adam shapiro just summarized. interfered with the judicial process by trying to talk witnesses who were about to testify against him out of testifying against him by modify ing their testimony slightly. that's known as witness tamper ing. neil: so this has nothing to do with him being a potential flight risk? >> no. that's a good question. this does not have to do with him being a flight risk and this does not have to do with him being a danger to society but basically the judge said what do you want me to do, takeaway his cell phone? this isn't middle school. the only way i can, i'm summarizing the judge now, the line about take away the cell phone in middle school is an

exact quote. i need to be assured that he is in some place where he can't reach the witnesses who are against him and the only place i can think of is a jail cell. i know it's going to be difficult for him, now she's talking to his lawyers, i know it's going to be difficult for you, i'm not trying to make this difficult for you. i know he's innocent until proven guilty beyond a reasonable doubt but we can't have him out there interfering with the process. now, by doing this, neil, she is giving paul manafort a built-in appeal if he's convicted and the built-in appeal is in effect of assistance of counsel because they couldn't get to me because the jail was too confining, because they couldn't bring all the documents in, because they didn't have the peace and quiet that we needed in order to examine the documents, and what does that do? that assures that robert mueller stays in business until the 202.

so there's politics behind this as well as the judicial decision neil: man, between that, ransacking his house in the middle of the night, taking michael cohen's own ransacking hit, his offices obviously to do all of this you have to have pretty strong, you know, cause, don't you? >> i think that robert mueller and his team believe that michael cohen and paul manafort can confirm what other witnesses have already told them and it has to do with the behavior of president trump during the campaign and the pressure being put on cohen and the pressure now as of this morning being put on manafort is about as extreme and severe as can lawfully be done in our system. neil: you're the best, judge even on the phone. >> [laughter] neil: i appreciate it my friend. >> have a great weekend my friend. neil: you too, judge andrew napolitano strange stuff, but not as strange as what happened outside the white house, where

is it for the president of the united states to go where the reporters are on the front lawn of the white house, to see steve doocy but on the way and leaving to talk to a lot of other folks at the same time, a lot of out button issues you know they always criticize this president for not having formal news conferences. he dealt with a lot of questions today. everett lawrence at the white house with more. hey, edward. >> yeah, he talks a lot remember the south lawn a week or so ago, he talks out here today as he's going into the white house he does speak to the media speak to the american public a lot and one of the big issues here was tariffs. he did announce they're going forward with targeted tariffs getting tough on china, and now the chinese reaction to this was pretty swift saying they will match the scale of the new tariffs the president is putting into place, now the president's tariffs would target the high-tech noology industry of china and their goal to have dominance in that industry by 2025. american companies are trying to figure out exactly how this is

going to affect them. in fact within the last 15 minutes the boeing ceo came out and said they are assessing the impact of what these tariffs would have on boeing. now the president again saying that china will try and get to their technology or high technology goal in part by stealing u.s. technology the president going on to say he's not using the tariffs to start a trade war but he's trying to use them to change behavior. president trump: now the trade war was started many years ago by them and the united states lost. >> you say we're on the losing end? president trump: well no there is no trade war they've taken so much so last year, $375 billion in trade deficit. we had a, with china. we had over $800 billion over a period of years, each year close to $800 billion in losses on trade. not going to happen any more. it's not going to happen. can't happen. >> now these tariffs are in addition to the steal and aluminum tariffs that the chinese are already paying and the chinese within minutes of

this announcement came back and are matching the scale of this announcement matching the scale of the tariffs the u.s. tariffs will go into effect on july 6 now the chinese ministry releasing a statement on that website that statement saying " china is unwilling to have a trade war but the chinese side has no choice but to strongly oppose this due to the united states mypoic behavior that will harm both parties" and they plan again to match those tariffs on technology. now there's been trade negotiations between the u.s. and china going back and forth and if the schedule holds true they were happening every two weeks. we went to china first, and then they came here, then another delegation went to china. well that would have happened this weekend. those talks seem to have stalled a little bit but the president giving some leeway with that july 6 implication or going into effect of the tariffs on july 6 so possibly could be talks between now and then. neil? neil: i'd read the market's response which looks bad over 200 points as a view that maybe this isn't all it's feared to be but again we'll have to look at

it my friend very much edward lawrence, at the white house. every time we go to the white house and i always think the president is going to pop-up like hey. all right, in the meantime, the weekly executive editor fred barnes he took in the president in prompt you and very unusual event you don't see this very often i'm told by our brain room , we have some research folks called the brain room so you don't mess with them because they're the brain room. not the kidney room the brain room anyway bottom line is apparently lbj would do this occasionally when he was president, lyndon johnson i'm talking about, but this whether you are a fan of this president or not, it was gripping. let's go to the weekly standard executive editor fred barnes on what he made of it. he talks about the president who skews formal press conferences but between a lot of his south lawn tit for tat exchanges with the media, he takes a lot of

questions. >> he takes a tremendous number of questions and he's in front of the press and everybody else, you and me, every day practically. look there's never been a president whose more out in public on television, on twitter , on speeches, on doing everything and trump is look i've been writing about presidents since gerald ford and he was a hermit compared to the president. neil: and to take on the press to the degree we could remember richard nixon moment ago going after dan rather. they are few and far no matter how much chief executives loathe the press but in this case, the president constantly going back and forth with the press, constantly will you let me answer your question, will you be quiet the kidding one enter comment he wasn't so kidding whether a particular nasty interrogation was coming from cnn, you know but it was wow, boom boom boom. what did you make of it?

>> well you know the president says one of his rules is that when you're right, you fight, and when he gets hostile questions and when the subject of the press comes up at all, he's ready to fight and then he fights hard and then of course the press i don't think helps itself by pretending like whatever the president criticize s him that somehow the first amendment is being shred ded you know these people. i used to ask those questions, and years ago and i don't think i was quite as sensitive as these reporters are now, but you know, they look kind of like sis sies, when they're complaining the president is saying bad things about us and so on and democracy we can't see it in the dark and all that nonsense. neil: and you should also just, you know, let the president answer your question. it could be nasty, whatever one wants to characterize it but let them answer and if you want to follow-up with that but the guy

got two words out of a couple of points and i don't know. it was entertaining i'll leave it at that. >> well of course and it embarrassed the press and i think that was the one of president trump's goals. neil: what does he call it thin skin? what did you mean by that! very good seeing you my friend. >> thanks. neil: i remember doing this with filmore. that guy would get so furious thank you very much in the meantime passing along news people were talking about whose next to join the content and maybe make a bid for like 21st century fox, so this isn't that but an interesting development concerning apple that has entered a multiyear video service production arrangement with oprah winfrey. we don't know the details of it, but it's part of apple's aggressive push the wall street journal is saying into the content business it has signed agreements with several major producers and actors as well to build upon the agreement signed with ms. winfrey. so i don't know what this telegraphs.

it might be just a won and done deal or something to build on or it might be an opening act to maybe bigger acts but the bottom line is, oprah winfrey who probably desperately needs yet another multimedia transaction has another multimedia transaction. more after this. [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.

i think, keep going, and make a difference. at some point, we are going to be able to beat als. because life is amazing. so i am hoping for a cure. i want this, to uh, to be a reality. um, yeah.

president trump: the top people were horrible. you look at what happened, they were plotting against my election, probably as never happened like that in terms of intelligence, in terms of anything else but they were actually plotting against my election. i'm actually proud, because i beat clinton dynasty, i beat bush dye dynasty and now i guess hopefully i'm in the process of beating very dishonest intelligence because what they did was incredible. neil: okay, let's go to former doj official jay christian adams on that this unusual event on the north side of the white house you don't see it very often you saw it today for the better part of an hour talking to steve doocy going on talking on all comments both walking over to see steve, fox & friends and afterwards, leaving. the up shot, mr. adams, is this.

he believes that this ig report exonerates him, furthermore cripples the mueller probe, his lawyer rudy giuliani has said maybe mueller should suspend his investigation. what do you think? >> well, neil when you look at the report itself there's some really astonishing things in there. the president says something at first glance might seem outland ish that the fbi was working against him but when you actually read the ig report it looks like it's true. i mean, some of the texts are just astonishing and it wasn't just peter strzok and lisa page, the pair that the president calls the love birds. there were other fbi agents. just amazing things, neil. i mean things like we will stop him from becoming president. when they were deciding to do the hillary interview remember back in 2016, they were actually saying, don't bring any resources to this interview. don't go loaded for her because

she might be the president and will remember what we did. there were other things where they said we have to rush out this report to close the investigation because i just watched the conventions and i'm getting nervous about trumpment when you read the actual text it looks like the president is on to something. neil: you know what i didn't understand too having gone through it there were a number of other individuals who had much more disparaging comments to make and were unidentified but this one exchange between unidentified fbi agents i assume who describe trump voters as all poor to middle class and uneducated i could go on and on where they start veering into not very nice words. anyway i don't know how many of them knew or what the back drop for a lot of the comments or concerns about his becoming president or at the time whether it was russian allegations even then so context is everything and i don't get that here. i just know the time period, but i'm curious what you make of

that and whether some of these people were in fact aware of an impending investigation or what could be the makings of an investigation and that's what they were responding to, or do they just hate donald trump? >> no, neil you've left out the most important fact. these other fbi agents that are discussed in the report were working on the hillary investigation. the ones who were expressing -- neil: but they might have been watering it down. >> right. i mean these were people who were in the hillary investigation for the servers. neil: but did you get a sense from that i'm sorry to jump on you my friend but from that that they might have been privy to other information on trump or that they didn't want to go too hard on hillary clinton, it had nothing to do with other information. they just didn't like him. >> well that's a question i don't know the answer to unfortunately, and but we do know that peter strzok was privy to the russian investigation and lisa page and he were making

decisions based on their bias and so all throughout the support there's a contempt for regular americans. non-politically connected working americans. they were full of hatred toward them they talked about how they smelled at wal-mart. i mean, this shouldn't be the fbi. the fbi is supposed to be neutral. instead they've become a weaponized political organization that apparently hated donald trump during the election. neil: do you think the president should talk to robert mueller? >> absolutely not. it's a perjury trap. they will, anything he does. i mean look at the people who would be making the investigative decisions it's people like lisa page and peter strzok. they're these bias fbi people, bias doj people. they're going to look for ways to charge him under 18 usc1001. neil: i'm so glad you mentioned the number for that jay christian adam, i'm kidding you're a genius. thank you very very much my friend have a good weekend. >> thanks a lot.

neil: alright lot came out of this exchange on the north side of the white house today. the president explaining why, why he's being nice to north korea now, take a look. >> you're defending now kim jong-un's human rights records. how can you do that? president trump: do you know why because i don't want to see a nuclear weapon destroy you and your family. i don't want to see, excuse me, because i don't want to see a nuclear weapon destroy you and your family. i want to have a good relationship with north korea. neil: all right, to retired u.s. navy captain chuck mash. what did you think of that? >> well it's not the first time that the united states has engaged in real politics. if you looked back when nixon went to china he went to see they killed tens of millions in the united states during world war ii. fdr was talking to papa joe stal lin, who killed again 10 million people, starved his own people so look just because

those guys are really bad on their own people, that's not the president's job. the president's job is to look out for the interests of the united states and its citizens and that's what he's doing. neil: i think you raise a very good point because on the right or left i see this done a lot of times even when president obama was making overtures to the cubans to normalize relations you're talking to a butcher and a murderer whether it was fidel castro and his brother at the time, but we can't pick and choose who are leaders of those countries any more than fdr could talking to stalin or his president could for the time being talking to kim jong-un. i guess it was the timing though , captain, so soon after that g7 western leader summit when he went after our own allies that it just looked and felt weird. what did you think? >> i think what people are missing about president trump is he's a relationship guy. he's a concept guy. he was a developer, okay? developers hire contractors to

actually build their developments and in this case what he does is he's negotiating with the potential customers the people who are going to move into this development and the other investors to keep him happy until the development is complete so he builds the relationship and in this case his principal contractor is a very competent contractor and that is mike pompeo, and his other guy is wilbur ross whose the commerce secretary so he's got good contractors building this project. neil: you know what, i've always likened it to like a good cop bad cop strategy here. obviously, barack obama at the time of normalizing relations with cuba would be the good cop and his team would be there to implement the policy that we would demand presumably to extract concessions in the cuban s i don't know how all that went. i have my doubts but still too early to say what happens with mike pompeo playing the role of the bad cop to remind the north koreans you've got it here before this president's term is out but clearly that seems to me to be the strategy. what do you think? >> i think so and i think also

that what trump is doing is he's saying look, remember this whole thing with china, we have over a half a billion, half a trillion trade deficit he wants to put some tariffs on less than 10% of that, so at the same time, the chinese and the koreans have to be looking at this and going wait a minute just when trump really needs china's help with korea he's willing to pushback on him and check them up against the glass for a little bit of tariff action. why? well, that's because the deal he made, the most important deal he made was with the american voter , and he said china's taking advantage of us and i'm going to fix it so i think what he's doing is he's laying out this thing to say look when you hear me talk, don't cross me, in fact, you can predict what i'm going to do if you just take the time to listen to what i say, and that way we can avoid all of this in the future because if i say i'm going to do something i'm going to do it. neil: well not all the time though, he confuses you like

sometimes he says he's going to put very strict tariffs and sanctions on and then he abandon s them and makes an overture. >> make the deal. make the deal. neil: okay. all right whatever you say captain. >> [laughter] neil: good seeing you my friend have a good weekend. thank you same to you, neil. neil: all this talk about this will never join the 21st fox and all that i'm not so sure. it is a lot of money that's for sure and it just made a big deal with oprah winfrey who has about the worth of 21st century fox, not really, but it could signal something, after this. benjamin franklin captured lightning in a bottle. over 260 years later

as the nation's leader in energy storage we're ensuring americans have the energy they need, whenever they need it nextera energy.

this is not just a yard. it's where memories are made. and you have the best seat in the house. the john deere x350 select series with the exclusive mulchcontrol™ system. nothing runs like a deere™ stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com

start winning today. this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities - trade confirmed - and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. some cash back cards send you to get to your bonus cash back. first they make you sign up for bonus cash back

and it's only on a few categories. and when those categories change, you gotta sign up again. when does it end?! with the capital one quicksilver® card, you earn unlimited 1.5% cash back on every purchase, everywhere. it's like a cash back oasis. what's in your wallet? neil: serve up oprah as an appetizer apple in a multi-year production agreement with oprah winfrey, its been paying up big for content, but it has a lot of money, we're going to get into that here because a lot of people are saying maybe a player

like an apple comes forward to sort of crash this party that media companies by and large had to get their hands-on content, and each other's content, the push for 21st century fox right now, going on between comcast and disney. let's go to the apple expert, also fortune magazine executive editor best selling author among others inside apple adam lashinsky on all of this. adam what do you make of this oprah thing first off? >> well, the oprah thing is one of a series of moves that apple has made recently including hiring two television executives putting down the money for smaller projects, they are bulk ing up on their ability to create original programming. so far exactly the same way that netflix and amazon have before them. neil: so this is about going individual by individual, or producer by producer, but not necessarily buying something like a big old from flung series of properties from a media entity? >> that's right. i think that buying something like fox and it had been rumored for years that they should just

buy disney, is really very, a very low probability for the simple matter that it's not consistent with apple's culture. it's not the money. they can afford it. they don't like to bring in large numbers of people from a different company into their company. in fact they've never done it. beats was a $3 billion deal with the biggest deal that they've ever done. they would much rather spend their money on things they want to create rather than acquire. neil: you know when you look at all of the big tech players and all of the cash they're sitting on, you're talking over half a trillion dollars, a good chunk of that is just apple's yet they're loathed to make big purchases to your point amazon pretty much the same and i'm wondering why that is and whether that tells us all we need to know, that they're not interested in something like this. >> i genuinely believe that they believe that it's part of their, they believe they have unique cultures, so all

companies have unique cultures, but they would say well these hollywood studios or these entertainment companies their cultures are somewhat similar to each other but not to us, and we want to be different, we want to be disrupt ors that's how we got to be who we are and frankly, buying one of those old companies isn't the way to be disrupt and having said that we think we can disrupt their business by picking off their talent or doing certain things better than they do and that's what we're going to do. the big question with apple, neil is they still have not said how they're going to distribute all this content and so to me it's looking increasingly obvious. maybe as soon as i'm just speculating they will have this grand plan to announce about how they're going to distribute all this content. neil: these kind of stocks and apple and facebook and the netflix and all they've been leading this parade and every time you doubt that they can continue doing so, you're kind of burnt because they reignite

again. i'm not asking to be into the stocks here but there is a camp of people that said no matter what i'm always going to have these issues in my politician. i can't lose having it in my portfolio. >> and i think that's prudent because each in their own way, and i'm saying that very carefully, they have natural monopolies to a greater or lesser degree and even when those monopolies get hit whether it's by the government or by competition, they seem to find a way to come roaring back and microsoft is the best example of this. they were down for 10 years, down meaning stagnant and if you held on you'd be fine because they came roaring back on the back of that cash flow monster that is windows which is a monopoly even a fading monopoly it's still very powerful and they each have that in some way. neil: you're right about that adam you should stick to this technology thing you have a future with it. thank you. neil: seriously, you're the best adam lashinsky, following this very very closely for fortune

magazine and others here in the meantime we were talking about the president posing these tariffs today on china and we told you that china has promised a response, well guess what bloomberg reporting now that it has responded as expected and we report at the outset china now expected to slap $50 billion in tariffs of its own an a number of u.s. goods on let me guess, july 6. it's the same date that our tariffs are going to go into effect on china. weird how that works. after this. ♪

you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

allow you to take advantage of growth opportunities... with a level of protection in down markets. so you can be less concerned about your retirement savings. talk with your advisor about shield annuities from brighthouse financial- established by metlife. neil: july 6 is when we were going to slap 25% tariffs on about $50 billion worth of chinese goods, july 6 is when we are told now the chinese will respond in kind slapping tariffs on about $50 billion worth of u.s. goods, and here we go. let's get the read right now on

whose pushing what right here we're told that treasury secretary steven mnuchin was among those saying no reason to do this right away right now we're making some progress. he lost out apparently on that approach. charlie gasparino has the details on who won. charlie: yeah, well i guess you could say this is a big victory for robert robert lighthizer in the protection wing of the trump adminitration and peter navarro, the trade secretary, the trade advisor for donald trump. here is what we know, which kind of led up to the imposition of the tariffs. mnuchin warned trump of dire economic consequences if these trade tariffs got put in, he basically warned that china would do what it's doing now which is posing, imposing tariff s against us and he basically said this to the president. if you do this, the markets are going to collapse and you've got the mid-terms coming up one of

the big things the trump adminitration likes to to the is the improving markets even though by the way the markets haven't moved much since he imposed the tax cuts he signed the tax cuts bill on december 22 because that's when the trade war started to happen and basically investors got scared whether the tariffs would impact corporate earnings so we do know that mnuchin warned him of dire economic consequences of a potential market implosion collapse and trump was convinced that china needs to be taught a lesson and they really believe and they have good evidence that china steals our intellectual property that he met at mar-a-lago not too long ago the chinese premier and he was told that china was going to clean-up its act and believes that that could not happen, so here we go with tariffs. it's a punitive measure and to teach china a lesson that they're not going to steal our intellectual property and get away with it, and trump on this

one sided with the protectionist , despite what mnuchin said which is being born out in the market if you notice the market is down 224 points that there's going to be some economic pain if we engage in this tit for tat trade tariff war. interesting enough, mnuchin has no plans to resign i understand despite losing this one battle but again, neil look at a chart since the day that donald trump on december 22, 2017 signed the tax cut bill. it's a pretty flat dow jones industrial average, despite the fact of massive corporate tax cuts. one of the reasons why is because investors are scared that a trade war might sort of cancel the economic positives that you might get from lower corporate taxes, some individual tax cuts, and of course deregulation. it's not, it's not a pretty chart, so that's -- neil: can i switch gears with you very quickly we're just getting a tweet with the

president who timed this with your appearance by the way. charlie: oh, thank you. neil: but this is apparently on the move to put paul manafort in jail while he awaits trial rather than accept his $10 million bail and let him rome free. the president who had already talked to him about this to reporters earlier today before this news came, wow what a tough stance for paul manafort who represented ronald regan and other top political people in the campaign, what about comey and crooked hillary and all of the others? very unfair. your thoughts? charlie: well, you know listen, i know people that know paul manafort pretty well. they believe that he believes, he's maintaining his innocence. he wants to fight this out in court. i mean if you're asking my opinion now because i'm not inside of robert mueller's head it looks like they're putting pressure on him to flip on the president, and at some point, i think we're going to see exactly mueller's cards that he goes after michael cohen the personal lawyer, what is going on with that. i mean that could be imminent that something happens with

michael cohen now that his e-mails are being turned over to prosecutors they've gone through the process of sorting which one of his documents and e-mails were protected by attorney/ client privilege and we found out from the initial read not many of them, so that's going to be turned over to prosecutors who could make their case and now we got manafort and it's pretty clear that mueller and the prosecutors are looking to flip these guys to advance a case against the president or someone in his inner circle. now ited be nice if he did it sooner rather than later. the one thing we can all agree on with this mueller probe is that substantively there has not been a real charges showing russian collusion at the highest levels of the trump campaign. i mean manafort has been dinged on sort of business issues money laundering and cohen we don't know what's going on with him so it would be nice, i mean listen we've been wasting a year on this. it's like at some point, the president has to run a country

you would think right? at some point, he should wrap up and i think it's incumbent on mueller to do it and do it right because the country, you know if this is a big nothing burger than we literally wasted a year talking about nothing. or over a year. neil: we will soon see. charlie thank you very very much my friend, be well. charlie: okay. neil: charlie gasparino we're down about 224 points here so in and out of that same rough level trade is pretty much the big reason for this uncertainty maybe about these investigations as well, but when boeing and caterpillar are disproportion at hits in the dow, and they're a big big part of this, it's those issues that would be the most directly affected by a nasty trade war with china, and just as when it looks less likely they're the ones that lead the way to the upside. this is not happening today. more after this. we started making wine in 1948... [sfx: bottle sounds on conveyor] one bottle at a time.

today, we produce nearly 20 million cases a year. chubb has helped us grow for the past 30 years... they helped us prevent equipment problems during harvest and provided guidance when we started exporting internationally. now we're working with them on cybersecurity. my grandfather taught me to make a wine that over delivers. chubb, over delivers. copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms

and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪ go your own way get your first prescription free at anoro.com.

neil: i can't imagine any democrats voting. >> i think that this is going to have to be done by primarily republican members of the house unfortunately because the democrats have decided to politicize the issue rather than get serious about addressing the president's four pillars. neil: all right that was a wide

ranging exchange with congressman goodlatte on this case on the immigration issue and what's going to happen right now. the president just tweeting on this same issue effectively saying democrats forcing a break up of the families at the border with their horrible and cruel legislation of the agenda any immigration must have full funding of the wall and catch and release visa lottery chain and go to the merit-based immigration, he's referring to a program that was in place for some time under republicans and democrats that calls for breaking up families when they appear at the border, that's just been a policy, and the president argues beginning with democrats, the fact of the matter is though that there could be an overture here on both sides to find a middle ground that would include a funding for a wall deal with this dilemma at the border and maybe find a productive end to the whole daca quagmire but it's way too soon to tell two different measures come up next week on the floor of the house let's go to washington democratic congressman thank you for joining us. >> you're welcome, sir thanks for having me on. neil: so there are two different

measures on the table but i guess depending on who you talk to they at least advance the ball, but the president claims that democrats aren't interested in advancing the ball. what do you say to that? >> so virtually every democrat signed a discharge petition to take up what we call the queen of the hill proposition which had within it four different measures and the way that would work in this mechanism is the one that got the highest number of votes assuming it had a majority would be advanced to the senate for their consideration, neil. look at the end of the day, given the 60 rule in the senate there's nothing that's going to reach the president's desk if it's of a bipartisan nature and the best way to achieve that would have been through the discharge petition and the so-called queen of the hill bill neil: you're quite right. it's a way of going past the leadership that wants to block that sort of thing in this case go past the speaker long story short there was support on both sides of that but just two votes shy of what you needed.

what happens now though? there are these two measures that are coming up next week, congressman including the bill which is deemed to be very hard for some of your colleagues this other middle ground not so much but could you support either orbits of either? >> bits of either sure but i would not characterize the second proposition which is yet to be displayed in its full text , as a moderate approach, however given what we've been told about what it'll include. look, most democrats are in favor of spending additional money on some form of increased border security, but we want to be smart about it, neil. increased border security may be a wall in some parts and electronic fence in other parts, a ditch in other parts but it also may include increased resources for customs agents at the borders or how about this, neil. 40% of all the people who are here without documents came in legally and just stayed, and a border wall does absolutely zero to help with that problem. neil: does the border wall the dividing point for you

congressman, that just something that just sticks to a lot of democrats call it they cannot support that? >> if this is seen as strictly a southern border wall issue, then yeah, it sticks quite a bit and especially when frankly the president goes on national television and deliberately consciously misleads the public by suggesting this policy of separating babies from their mothers is rooted in democratic policy that is 100%, not 99%. that is 100% false. neil: but it has been going on through democratic and reporter administrations right? >> no. neil: well it was going on in certainly the last two years of the obama administration administration i don't know the origin of it i'm not saying one side is to blame versus the other but this has been going on a while. this is the way we handled. >> this is not democratic policy. neil: i'm not saying it is, sir because i actually don't know the truth. what i do know is that its happened under democratic and republican administrations.

i think you'd have to agree with that. >> no, i've seen no evidence of that whatsoever. neil: no evidence of families getting separated at the border for processing under the obama administration? i'm happy to provide that. >> i've saw no evidence of deliberate separation of mothers from their children at the border as a means of punishment. neil: no no not as a means of punishment just processing that's how we've been doing it. i'm not saying it's right or wrong or very divisive for the families involved but this has been going on for a while. again, sir i'm not blaming this on barack obama any more than donald trump but its been going on for a while. >> i respectfully disagree. neil: okay i'm going to provide some documents to you but real quick, sir while i've got you what did you think of the ig report the president said it exonerates him. >> so first of all we'll frankly all give thanks that we have an inspector general. this is a good thing. it's an independent cop on the beat. it's somebody that doesn't care what i think or the fourth estate thinks or the president thinks they care only about getting at the objective truth.

as far as this most recent issuance by the inspector general, i think both sides have something to point to and celebrate. certainly the president, whose often very eager to celebrate selected parts of news reports, looks at the characterization of james comey as having been made several missteps and as having conducted insubordination and that gave him a rationalization for firing, but democrats on the other hand, neil, look at it and it's a conclusion -- neil: okay we're going to go to a break but it was very nice having you on we will have more right after this. [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. this is not just a yard. it's where memories are made. . . nothing runs like a deere™ i think, keep going, and make a difference. at some point, we are going to be able to beat als. because life is amazing. so i am hoping for a cure. i want this, to uh, to be a reality. um, yeah.

neil: you know, ashley webster has been working very hard this week. i take you to ashley now. ashley: thank you for noting that, neil. just as i wrote it. thank you very much. breaking right now, the first rumblings of a trade war. we heard this before. the white house slapping a 25% tariff on chinese goods. china, as you would expect responding in kind with a new report saying that beijing will retaliate with tariffs of its own. here we go. good afternoon, everybody, i'm ashley webster in for trish regan and welcome to "the intelligence report." stocks are selling off as trade tensions are reaching new highs. the trump administration announcing tariffs on $50 billion worth of chinese imports. investors, well, they don't like that. we'll have a live report from the new york stock exchange coming up in just a few moments. meantime president trump br