probably more. liz: you know why? what makes them plow ahead they do targeting advertising to you, me and aley. facebook and google can do that. their algorithms can change on a dime in a nanosecond. stuart: they're taking the world by storm that is the truth. time is up. neil, it is yours. neil: looking at the white house right now. this is fascinating confab. the president is having a meeting where he talks up private enterprise with the government to respond to all these countries taken on space initiatives on their own. you know on a cost per minute basis the chinese are dwarfing all others in space right now. they launched a rocket to go to the dark side of the moon. they have a very aggressive schedule. they want to eventually get with mars this is a group gathering at the white house consists of industry experts and number of astronauts. former astronaut buzz aldrin is

there, second man to walk on the moon. eric schmidt, is there, former chairman of google, he is there. another schmidt might come to mind, senator jack schmidt, former apollo 1astronaut. 1astronaut. he is last man on the moon. we have a capsule moving fast and furious to mars, dig into mars and dig into life or at least life compound inside the soil of mars. isn't thatmazing? we're kicking butt, right, when it comes to manned missions not so much. we might get idea where all this is going, where the money is coming from private enterprise, coordinated by the government. those are details. the president will spell out some of the details.

meanwhile issues closer to home, concern immigration dust-up, kids, illegals who enter this country. president says it is democrats a fault. the president says it is democrats fault. one person compared it to the nazis, really? what is going on. we're looking at crosscurrents with hillary vaughn at white house. hey, hillary. reporter: both republicans and democrats agree tearing families apart at border is a bad idea but both sides are trying to figure out the blame game trying to figure out whose fault it is. republicans point out to a law went into effect with president obama that has loopholes, kids are separated from their mom and dad illegally crossing the border. democrats say attorney general jeff sessions fault enforcing this law with his zero tolerance border stance. i talked with white house deputy press secretary hogan gidley

about the timeline for a possible fix. he says the only thing that could stall a solution is the democrats. >> the quicker the better but the ball is in the court of the democrats. this is something they could fix right now, came to a table to of solution or voted for our solution which would protect these families. reporter: d secretary kirstjen nielsen detailing some of the loopholes she wants congress to close. one of those is creating a pile-up we see today. it requires unaccompanied children from any country aside from canada and mexico to be transferred to dhs first before they can be returned hope. she says that that is a big problemause it is creating this backlog. instead of letting them send them back to their home country. >> no more free passes. no more get out of jail free cards. no more lawlessness. dhs referring those that illegally cross the borders to the department of justice for prosecution. every day in communities across

the country if you commit a crime police will take you to jail regardless whether you have a family. reporter: the president has go days of meeting with lawmakers to figure out a fix for this. today he is meeting with senator richard shelby and shelly moore capito tomorrow. he will meet on capitol hill with lawmakers. neil. neil: good to see you again. ahead of the eight e white house gathering with space junction kiss that would be a place he would rather be then deal with the slings and arrows of this immigration stuff. let's get the read from vince collagnese. democrats say put on steroid by this administration, the truth of the matter is, we saw rise in unaccompanied minors in the obama administration. we had something very similar, laura bush's editorial, notwithstanding in her husband's administration. that seems to get a lot of attention right now but republicans are on defense. what is the real deal here?

>> they're on message defense, but reality, if you go back, not just democrats. you can lump in the bush administration here,n 2008 they passed a law meant to prevent child trafficking. it has inverse effect because in the united states if a child either comes by themself or come as part of a family unit the preference and or the requirement is to actually release both the child and entire family unit into the united states. that is the way it has been done for quite some time. the trump administration decided, no we can't do that. having a child doesn't make you a human shield from law enforcement. you can't bring a child to prevent law enforcement from doing its job. jeff sessions said we'll do our job. we'll cross people that cross the border as a way to disincentivize other people from doing that, doing very same circum and are caughter walling about that very thing. neil: wasn't the obama administration, refresh my memory, minors, largely

teenagers, coming in apparently on their own, were drug mules and being processed as such? >> yes. there were tremendous, there is tremendous concern about the these clas.being involve in the fraud lengt stopped. current illegal immigrants crossing border, they encounter the border patrol, if they claim asylum, why are they running for border patrol. they evade arrest and then border patrol picks them up, but then they say i'm evading asylum. they're encountering that freakily. the other part they're encountering with regularity, adults children crossing border together can't identify reasonable factors about the other person, suggesting they are not related at all. many people crossing the border are unrelated but children and adults are paired up by people who have other nefarious ideas.

neil: i can't figure one thing from the other. maybe it compels both sides to come together and iron this out on get this behind us t would be welcome. but you doubt that will happen. we will say. former first lady comparing the detention center to japanese interment camps. federation immigration reform dan stein with us. dan, what do you make of this dust-up, now you have former first lady weighing in, even present first lady weighing in, bill clinton weighing in. they're all saying it has got to stop? >> neil, kind of interesting because all the people criticizing the trump administration's policy actually don't have any kind of real alternative. if you want to protect children from smugglers, from traffickers, if you want to protect them from predations, crossing illegally from mexico at hands of people that orchestrate trafficking operation you will support the trump administration's approach because in the end it will have deterrent effect. over time, maybe by the fall,

crossings come down to a trickle. neil, from my lifetime, most of your those crossing border are young men looking for agricultural work and other things. why suddenly do we see in the last 10 years whole families coming in? it is because of settlement the aclu did with the clinton admition and 2008 wilberforce trafficking act together which mandated release of minors and children and people who make asylum claims with family members. that has been exploited by traffickers and smugglers. so if you really understand the trump administration's strategy, it is about protecting the children, making sure that they're actually coming across with people who are truly their parents -- neil: but you don't think some of this, you might be right about that dan, you know this stuff inside and out, but you don't think this might be sort of like tough medicine here? there is what will happen when you get to the border? >> some point of this is

deterrents. whether you have, you have four choices. let everybody run across the border. that is it what they have been doing making credible fear claim. return the parents and keep children here. that is not acceptable. the deport the entire family after some procedural process. well that takes some time. and i you done detention space, then you release them you're back where you started. or you can just let them, detain them during the pendency of entire proceeding. that can take some sometime. backlogs, resources available at immigration courts, the reason why you have to have true reform, not so much ryan amnesty bill they're talking about in the house, real reform, all elements of the immigration system get fixed at the same time so disincentives are shut off. you close the loopholes and then maybe you can talk about some kind of daca benefit program. that is what we would like to see. take some portions of the goodlatte bill, pass those. maybe, you know, next year you can talk about something with the daca folks. neil: next year. we sha happens, thank you very, very much. >> thank you, neil.

neil: neil, we're well off t lows of the sessi off 142 points. much of this isriven by t, earst will escalate. weighing on issues like boeing and caterpillar. stop me if you heard that one before if it doesn't look good, it could come to a trade war. those issues tend to suffer. technology issues. there is dis -- albeit off the worst levels, june so far is still looking pretty good. more after this. ♪

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 yourght, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates wheu o y. only when you book with expedia.

neil: all right. the president is about to speak on this space conference. before that i do want to quickly get to senator john kennedy republican from louisiana. sits on judiciary committee. among those we'll hear from the inspector general a scathing report last week. what do you want to hear out of mr. horowitz? >> i want to ask him about the 30,000-foot view, what i took away from it. i read the report. i will readt again. it will take your breath away. my conclusions i run them by mr. horowitz, number one. everything mr. comey did was self-serving. he pretended to be concerned ab the department of justice and the fbi but i think he was concerned about them in the context of how his tenure as

director would be looked u number two, the fbi has about 35,000 agents and employees, but clearly there were and probably still are some bad apples over there and it's going to be up to chris wray to demonstrate the will and ability to get rid of them. i think he has both. number three, the bias issue, you know, i read all the emails and the instant messages and the text messages. these were by people at the highest level of the clinton email investigation, the mueller investigation and the russia investigation. neil: you want to hear a lot from these guys and you will. senator, i have to interrupt the president of the united states is addressing the national space council private, public initiative to get back in space in a big way. hopefully not in a expensive way

though. >> i would say our economy, many of you know that very well is doing better than it ever has done. our employment numbers are the best they have been perhaps ever, but certainly in recorded history. reports just came out, best in 44 years. black unemployment is the lowest level in history. hispanic unemployment lowest level in history. women unemployment, lowest level in 21 years. that started at 19. went up to 20, up to 21. very soon will be in history. we're doing numbers like we've never seen. we have great industr lea who i will be introducing in a little while quickly and they will do so much with nasa and some greathings we're doing. but they understand full well what's happening. we've never seen a period of time like this. the whole world is looking up to the united states. and the united states is respected again. it was a period of time we were

not so respected, not so long ago. the united states is respected again. if i might, i wanted to make a brief statement on immigration and what's happening and i'll say it very honestly and i will say it very straight. immigration is thelt and all of the problems that we're having, because we can not get them to sign legislation. we can not get them even to the negotiating table. and i say it's very strongly the democrats fault. their obstruction. they're really obstructionists. they are obstructing. the united states will not be a mi camp, and it will not be a refugee holding facility. won't be. you look at what is happening in europe. you look what is happening in other maces. we can't allow that to happen in the united states, not on my watch. for the rest of the world you

look at everything that's taking place. pick up your newspapers this morning and you see. we want safety and we want security for our country. if the democrats would sit down instead of obstructing we could have something done very quickly, good for the children, good for the country, good for the world. it could take place quickly. we could have an immigration bill. we could have child separation. we're stuck with these horrible laws. they're horrible laws. what's happening is so sad, is sad. and it can be taken care of quickly, beautifully, and we'll have safety. this could really be something very special. it could be something, maybe even for the world to watch, just like they're watching our great economy, how it is

soaring. they could watch this. we have the worst immigration laws in the entire world. nobody has such sad, such bad, and actually in many casesuch le and. you see about child separation. you seehat is going on there. but just remember, a country without borders is not a country at all. we need borders. we need security. we need safety. we have to take care of people. you take a look at the death and destruction that has been caused by people coming into this country without going through a process. we want a merit-based immigration system. so that boeing and lockheed and all of the people, people grumman, all the heads of every country so you can hire people

on married base. you know coming in -- merit base. they are people that came on merit. not based on a lottery or people snuck across the border and could be murderers and thieves and so much else. we want a safe country. and it starts with the borders. and that's the way it is. now i'd like to -- [applause] thank you. and again, we can do this very quickly if the democrats come to the table. everybody wants to do it. we want to do it more than they do. if they come to the table instead of playing politics, we can do it very, very quickly. so welcome to the third meeting of the national space council. i want to begin by recognizing our great vice president, mike pence, w has been so solved. mike i want to thank you for the incredible commitment to

american leadership in space. i also want to thank secretary wilbur ross. secretary elaine chao, director mulvaney, directorts, administrate bridenstine, congratulations wherever you are. where is he? where is he? you better do a good job. i say you're fired in two minutes. [applause] you have a lot of support. and you have loved us right from the beginning. he was in congress. he did an awfully good job, this was his love, right? good luck. secretaryson. general dunford, undersecretary thompson, deputy secretary shanahan and acting deputy secretary grady for being here today. we're honored to be joined by congressman robert aderholt,

brian babin and dana rohrabacher. stand up, congressman, please. thank you, thank you very much. [applause] and a special w to a strong, powerful, wonderful woman, does a great job as governor of one of my favorite places in the world, alabama, kay ivy. kay. [applause] am i doing okay in alabama? i better do okay in alabama. i want to recognize true american heroes, the first woman to command a space shuttle, the great eileen collins. stand up, eileen, great job, great job. it's a lot of time in space. [applause] along with legendary apollo

astronauts jack schmidt and buzz aldrin. long time.een a friend of mine a jack, thank you very much. thank you. [applause] and i also have a list of some of the ceo's and chairman and presidents of these incredible companies. wes bush, ceo of northrop grumman. where is wes? wes, thank thank you, thank youy much. thank you, wes. gwen shortwell. gwen, stand up, gwen. will end up running for office. [applause] bob smith, ceo of blue origin who is very active. thank you, bob, i hear you're doing a great job. [applause] president and ceo united launch alliance. that's a combination of boeing and lockheed on the space launch system, sls. i don't like when boeing and lockheed get together because the pricing only goes up but

that's okay. in this case. i don't know, i don't love that stuff. we'll have to talk about that. you're joining those two companies. oh. oh, boy. look at dennis. [applause] dennis is so happy. i don't like that stuff, mike. [laughter] marilyn huson who has done a fantastic job at lockheed martin. marilyn. marilyn. you have done. [applause] what do you think of that merger for the space launch? what do you think? they're sitting together. oh, boein [laughter] no wonder we don't get the pricing we want, huh? dennis mullen berger, great guy, head of boeing. you have done a great job on all fronts, commercial, military, both of you. what a job you have both done. thank you. stay apart, stay apart.

don't get together. stay apart. [applause]just a great group ofr executives here from the top companies and it is patriots like you that are the reason why america was fir flight, first to the moon and why america will always be first in space. you know before i got here, wasn't looking so good. [applause] before we came in i will tell you they didn't have such big plans for space. now they have plans. it is great, not only in terms of jobs and everything else, it is great for the psyche of our country. this morning it came out that small business is the most optimistic it has ever been in the history of our country. that is pretty good. i don't know if they go back to 1776. i don't know if they go back to areas of a little bit earlier, slightly like 100 years or 200 years. i will tell you, i have never seen optimism like we have right now. so it is a very exciting time.

i want to also say that when it comes to space, too often, for too many years our dreams of exploration and discovery were really squandered by politics and bureaucracy and we knocked that out. sont our psyche what you're doing. is going to be important monetarily and militarily, but so important for right up here, the psyche. we don't want china and russia and other countries leading us. we've always led. we've gone way afar afield for decades now, having to do with our subject today. we're going to be the leader by far. we're behind you 1000 percent. america's vital interests in space lost out to special interests in washington, except course for the senators and congressman here would never do it. right, dana? all of that is changing. we know that. my administration is reclaiming

america's heritage as the world's greatest space-faring nation. the essence of the american character, explore new horizons and to tame new frontiers. but our destiny beyond the earth is notnly a matter of national identity, but a matter of national security. so important for our military. so important, and people don't about it. when it comes to defending america, it is not enough to merely have an american presence in space. we must is american dominance in space. so important. very importantly i'm here by directing the department of defense and pentagon to immediately begin the process necessary to establish a space force as the sixth branch of the armed forces.

that's a big statement. we are going to have the air force and we are going to have the space force,eparate but equal. it is going to be somethi so important. general dunford, if you would carry that assignment out, would i be greatly honored also. where is general dunford? got it? let's go get it, general. [applause] but that's the importance that we give it. we're going to have the space force. one year ago i revived the national space council and put exactly the right man in charge. that is our friend mike pence. feels very strongly about this. and in december i signed a historic directive that will return americans to the moon for the first time since 1972, if

you can believe that. [applause] always remembering it is about that but it is also about jobs and the economy. this is a great thing we're doing. this time we will do more than plant our flag and leave our footprints. we will establish a long-term presence earns expand our economy, and build foundation for eventual mission to mars which will happen very quickly. i always said rich guys seem to like lockets. all of those rich guys dying for our real estate to launch their rockets. we won't charge you too much, just go ahead. if you beat us to mars we'll be happy and you will be even more famous, but they do like, explain that, where is eric? they do like rockets for some reason. they like those rockets.

you know what? as long as he, as long as it is an american rich person that's good, okay? they can beat us. [applause] we'll save a little money and they can beat us, and we're taking full credit for it, don't worry about it. we'll set aggressive timelines, challenge old ways of doing business and we'll be expecting real results. we are making our incredible facilities, kay, available to these people that have been g so incredibly by themselves on rocketry. so you're invited. the rent won't be high. i am instructing my administration to embrace the budding commercial space industry. we are modernizing out-of date space regulations. they're wait out of date. they haven't been changed in many, many years. and today we're taking one more step to unleash the power of

american ingenuity. in a few moments i will sign a new directive to federal departments and agencies. they will work together with american industry to implement a state of the art framework for space traffic management. don't let it get too out of control, please. we know about what is going on with a lot of other rules and regulations. by the way, we have set the all-time record in history of this country in cutting regulation. so when i hear about i a little bit -- [applause] a little bit tenuous. be careful. don't get too carried away but we have. we have cut more regulations than any administration, whether four years, eight years or 16 years in one case, more regulations than any other president in history. i actually think that, along with the massive tax cuts, i think that the regulation cutting may have even had more of an impact on the economy.

i, it has been incredible. we have regulation. we have a lot of regulation. we have good regulation. you don't need 20 years to get rejected building a highway. we can reject you in two years or one year. we have it down from 17 years, expect it get it down to one. we reject it will be a fast rejection. you will not go an entire lifetime only to find it is not going to be built. two previous administrations tried and failed to develop a system to deal with congested conditions in orbit. we are finally going to get it done. it will happen fast. one year from now our nation will mark an important milestone in human history. half a century since americans first stepped off of the eagle and on to the moon. that was a big, that was a big day, right? and that magnificent moment the american astronaut embodied the incredible spirit of america.

the confidence of a cowboy, the skill of a fighter pilot, the ambition of a scientist and the courage of a true, true, brilliant, tough, warrior. they bounded fearlessly into the unknown to be there first. they did the impossible because they knew that together there is absolutely nothing americans can't do. when we get together there is nobody even close. now we are ready to begin the next great chapter of american space exploration. this is a very important day. this is a very important gathering. a new generation of young people seeks to challenge, really challenge hard to get their talent and their skill to work and now we're giving them a forum and a platform from which they can put that genius to

work. legions of welders and metal workers, scientists, engineers stand ready to build a powerful new rocket and gleaming new spaceships and that goes with all of the other things that we're building within our country. our nation of pioneers still yearns to conquer the unknown because we are americans and the future belongs totally to us. once more we will launch intrepid souls blazing through the sky and soaring into the heavens. once more we will summon the ican spirit to tame the next great american frontier and once more we will proudly lead humanity, and that's what it is, humanity, beyond the earth and into those forbidden skies but they will not be forbidden long. you're very important people.

you have a great contribution, what you're doing, has been incredible but it will be even more increble, fare incredible because we are giving you a platform the likes of which nobody has ever been given before. i am a big believer, you will go out there and you will take that frontier which is largely unknown by man or woman and you will learn everything there is to know about it and what you're doing is so important. remember economically, militarily, scientifically, in every way there's no place like space. good luck, general dunford and the joint chiefs. i want to wish you a lot of luck with space force. that shows how important it is.

congratulations on your tremendous success. but you will have far more success right now. thank you very much. thank you. thank you, mike. [applause] neil: [inaudible] saying this l problem he has had and the administration had dealing with separating kids from their parents. he defended these harsh immigration policies saying the u.s. won't be a migrant camp, he added, not on my watch. the president moved on to talking about the space initiative he has. it has the national space counsel. it hasnly been around a little while. industry players, politicians, people directly affected, the governor of alabama, the huntsville space center is under her per view. buzz aldrin, jack schmidt, final men who walk on the surface of

the an moon. the president aid out an initiative in big way. sharing initiatives, private initiative would lead the way. made a comment at the likes of elon musk and jeff bezos of amazon on how much they love rocketry and that sort of thing and space. and the conquering the stars. that the u.s. would act at a backdrop for that. talked about a space force. i don't want to sideline. that got hackles in russia and other countries we would somehow trying to militarize space. the president had said prior that is and was not his goal but we would set up a space force there. how that would be detailing out is anyone's guess. but read on all these relevants, theoretical physicist,est-selling future on the future of human and others, dr. kaku. >> glad to be on the show.

neil: what do you think about the space stuff? >> nasa has been criticized as agency to nowhere. mired with so much red tape you could circle the moon with all the red tape. this could be a game-changer. we're not talking about a whole new ballfield. we're talking about going back to the moon, back to mars and even beyond. neil: why do we want to go back to the moon? >> we had all the momentum going to the moon. we dropped it because of cost. it costs $10,000 to put a pound of anything just in orbit around the moon orrbit around the earth that is the weight in gold. that is how much it costs you to be put in outer space. now because of the work of elon musk and jeff bezos, silicon valley billionaires, they want to reduce the cost of space travel by factor of 10. it may only cost $1000 a pound to put something into orbit. that could open up outer space to commercialization. not just space tourism. neil: would the government be in a backdrop role as feeding that or these guys still foot the

bill? >> well the government would foot part of the bill but also set the guide rules and basic agenda but private industry would fill the gap. because we're not talking about self-made billionaires building their own moon rockets. who would have thought elon musk has the falcon heavy? jeff bezos of amazon is building his new armstrong rocket. neil: right. >> two moon rockets, funded by private enterprise, not a single penny of taxpayer money went into building two moon rockets. this is incredible. neil: their efforts even together, as you know far better than i, doctor, dwarf what the chinese are alone committing to a station initiative. week before last they launched a capsule to go to the dark side of the moon. they're revisiting the moon. they have a ambitious undertaking. i read it will dwarf all other countries and their space commitments combined. what do you make of that? >> the chinese stated they want to put their flag on the moon.

we want to make sure the united states is not too far behind. neil: do they want to stop there? the moon fixation, amazes me, if you've been there, done that, conquered that 40 years ago, shouldn't we aim higher or no? >> the goal of nasa now, the new directive, space policy directive number one is use the moon as stepping stone for something bigger and mars, quote beyond. that may mean mining the asteroid belt. google billionaires are behin something called planetary resources where you can lasso an asteroid in space, bring it down-to-earth you could get up to trillion dollars in platinum-based metals and rare earth elements. they see a new gold rush. a new poe nance is a in outer space-- bonanza in outer space that could pay for the bills for the missions to moon and to mars. neil: the russians were concerned enough about it to want more information on it.

and there is this talk that maybe all these superpowers that are interested in exploring space have other motives in mind. what do you think? >> let's be clear about this. the chinese put priority on militarization of outer space. they have tested killer satellite weapons. we are the most vulnerable to killer satellite warfare. the russians in march, putin even says that they have developed a new weapon for fighting a nuclear war, hypersonic drive, which we do not have. and russians said they're ahead of us in building hypersonic drives. neil: move we get back to put the fear of god in people, if we don't, sort of like the argument jfk used in the '60s, we don't do it, the russians are. >> some people are saying we need a new outer space treaty last signed in 1967 to set the ground rules. not that we can't have an air force or a navy orn army, no. no, it is that we have to have

ground rules for these things so that nations don't accidentally bump into a war with these new advanced weapons. outer space is touch and to,. neil: i don't trust the players. once they're up there think seek all the edge they can. >> we don't pay generals to lose wars. we pay generals to win war. neil: if you have the edge up there u have edge on anythg on land, right. >> that is the high ground or high frontier. we want to make sure there are ground rules that they don't accidentally start a war nobody wants. beyond that, trump says we need a space force, like a air force, like a navy with ground rules to assert peace in outer space, not war. neil: do you think that will work that way? >> well that is the rhetoric. that is the hope anyway. neil: you're a man of science. you will not second-guess that military mind. let me ask you finally, sir, 're sending a latest capsule to mars. our fixation on mars knows no

bounds. this next one will bureau -- burrow into the martian surface. late great gene cernan, the last man to walk on the moon, unmanned satelli all great, but you need a man or woman seeing these new places, these new vistas on their own. is that the next step and if so is mars the more likely place? >> mars is the most likely place because it is closest to the earth in composition. one day it could be a new home. but let me say that all the money that was spent on the apollo program had a spin-off. one of the spin-offs in part was the microchip. the foundation of the world economy, the miniaturization of transistors to a microchip was in part spurred on by the apollo space program. people if we go to mars a new

generation will come out as biproduct. maybe micro computers that would next century.economy for the not for just the sake of putting a flag on morse but for the sake of advancing science. we'll learn more about computer technology. we'll get robots on mars. we'll talk about making a permanent settlement on mars that will stimulate the economy as a consequence. neil: all right. it's a long trip for those that are going to make it. some are going to make it? >> i think so. definitely in our lifetime. neil: professor, thank you very much. we'll explore a lot more what the president means by space force, to the professor's point, the best-selling author point, is it good thing or bad thing, tway lie zone, we come in peace. that particular alien had exceptionally large head, larger than my own.

the dow trimmed almost half the losses early on. still early. more after this. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spotting threats faster and protecting his data with the most securely encrypted main frame in the world. it's a smart way to eat lunch in peace. sweet, oblivious peace.

at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. w're all business, mostly. crowne plaza. 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. well, it's a whole day's worth of love songs. 300 minutes of baby videos. or, it's a million chat messages.

a gig goes a long way. that's why xfinity mobile lets you pay for data one gig at a time. and with millions of wifi hotspots included, you'll pay less for data. it's a new kind of network designed to save you money. click, call or visit a store today.

>> welcome back to "cavuto: coast to coast." i'm nicole petallides live on the floor of the new york stock exchange taking a look at our major market averages. you see all down arrows. the dow down 151 points.

had been down about 265 points. concerns about trade war with china. s&p 500 also falling. the nasdaq and russell, the russell 2000, those small caps, hit another record high but as stocks come up off the lows the small caps turned into negative territory. here are some of the laggards on the dow jones industrial average. you see they are somewhat trade related and tariff -- travelers, intel, mcdonald's, johnson & johnson, roughly accounted for about half of the dow's losses today. in the meantime we've seen winners such as amazon and facebook hitting all-time highs. neil? neil: nicole, thank you very, very much. get the read on all of the trade stuff back and forth, it is escalating between our two countries and i'm not including what is going on with the g7, canada, mexico and a lot of countries want to implement their own tariffs in response to our tariffs in matter of couple

weeks. glen hall, "dow jones newswires" chief editor. where is all this going? sometimes the markets always come through this, cooler heads prevail this, won't happen. what do you think? >> we're seeing them make that assessment, right? they are recovering a little bit. there is worry out there. let's be clear. we started on friday when the tariffs started becoming the real deal and right now the clock is ticking and there is question what that impact will be and how lopsided will the impact be. neil: what is weird, there are people in markets who not only trust the president none of this will come to pass and learned in the past, some of them say, we worried about the antics, we've always been proven wrong, so there's a separate spin on this even if they were to come to pass the bright side the federal reserve wouldn't be able to hike interest rates as aggressively, because that wouldn't slow down the economy but that is stretch. what do you make of that? >> there are headwind in the

economy already so this would be another layer on top of that. some forecasts are looking at the record earnings we've been seeing lately are tapering off in the coming year. neil: that would be natural anyway. >> how long does it run at this pace? is it overheating at some point? all that is a risk. you're seeing commodities markets taper back. seeing impact trade tariffs might have but with all that we're seeing the oil market doing stunningly welcoming back hard today. not where it was on friday but pricing on oil eventually a headwind as well. neil: are you in the camp that says every time you doubt this market, economy, along come a spate of statistics prove you wrong, we're off the races again. same with the "fang" stocks, come roaring back? a good many are doing well even in the face of this? what is the real deal here? >> there is a case to be made we are on pretty solid ground with the economy. our unemployment rate being very

low. there was a time to have a trade war, may be a time when you're feeling economically strong and your growth is in place. it will take a while for the growth to taper off far enough to be painful but tariffs could accelerate that if it comes to pass. neil: that is the argument the president uses, right? a lot of times, i don't want to put words in his mouth. these guys because we're on fire they need us a heck of a lot more than we need them. that has been his premise. whether that applies to china might be another issue but china certainly to his point wasn't want to trade war with the united states but it isn't playing ball with his demands. >> there is a lot of stake on both sides. china sends $500 billion worth of goods, help keep consumer prices down, tamp down inflation, the dollar spent and go further when we're here. we send 130 billion in their way. in the process we're losing technology. this is the great fear, at what

point does that become detrimental in a way far worse than it does now? neil: the president wants this space force, i'm wondering he mentioned this in a different way before. some cynically look at militarization of space, some say that is what the chinese are doing, depending who you talk to. is this a way to alarm the enemies and have them think this is a guy who could revisit the reagan defense shield and defense initiative that was deemed crazy then. it brokered some big, you know agreements back then. what do you make of it now? >> there is a technology side to that as well. showing off america's technological might in a display today, saying we're going to conquer space. we're going further than we've ever gone before. there is a lot of private money in there already. i think it's a demonstration, be careful if you're going to try to get into a war with us. because we're ready to fight on all of these levels. i think there was a subtle signal.

neil: i don't think it was that subtle, right? no you know. brinksmanship we're at, i think you either go all-in, or you risk, you know, being pushed back. at this point looks like he is all-in. neil: we shall see. you volunteered for the first mission to mars i understand? >> ready to roll. ready to fly. neil: glen hall, always good to see you. meanwhile the president is calling on democrats to come to the table on immigration but this thing has become so back and forth over who's responsible for leaving kids at the border. republicans say it started with democrats. democrats say the president put it all on steroids. the fact of the matter is not first time we've been on this particular trip. it never ends well. doesn't get us closer to an agreement. no matter whichside you're on. we'll explore history after

this. ♪ chubb has identified ways that we can strengthen our safety measures. and today, our hospitals have some of the best patient safety records in the country. now, we're constructing new buildings that will define the future of piedmont and chubb is here, insuring our expansion. two million patients a year depend on us. and we depend on chubb. i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes or if you have type 1 diabetes or diabetic ketoacidosis.

don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases your low blood sugar risk. common side effects include nausea, diarrhea, vomiting, abdominal pain, and decreased appetite. these can lead to dehydration, which may worsen kidney problems. i choose once-weekly trulicity to activate my within. if you need help lowering your a1c, ask your doctor about once-weekly trulicity. 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. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals every day we hear from families who partnered with a senior living advisor from a place for mom to help find the perfect place for their mom or dad thank you so much for your assistance in helping us find a place. mom feels safe and comfortable and has met many wonderful residence and staffers. thank you for helping our family find our father a new home. we especially appreciate the information about the va aid and attendance program. i feel i found the right place. a perfect fit. you were my angel and helped guide me every step of the way

thank you. the senior living advisors at a place for mom partner with thousands of families every month, listening and offering local knowledge and advice to help find the best senior living communities across the country and it won't cost you a cent. this is a free service. call today. a place for mom. you know your family. we know senior living. together we'll make the right choice. immigration is a fault in all of the problems that we are having because we cannot get them to sign legislation we cannot get them to the negotiating table.

it will not be the refugee holding facility. it won't be. >> if the democrats come to the table. we want to do it more than they do. all right they have come back. with the former first lady speaking out even though a lot of this cropped up. and then it was generated under melania trump. congressman i'm not here to assign blame. i just want a sense of where you see this getting ultimately result or do you.

it is something that has gone on to for far too long. and we actually have an opportunity to get it done. there is an opportunity's now. how likely is that. i think that is a challenge. we are getting close. there's something different in the white house yet many of them are under miners who

acted as drug mills at the time. we have to find out where they come from. it only gets worse. more kids come in the case of the legal hood of the country 's whole families. how do you correct that, how do you adjust to that. what do we do? certainly we have to address a number of different pieces. once in for all. we are closing some of these loopholes keeping families together we should never be separating kids from their parents. we have to solve this issue for dreamers as well.

we will hear from the president tomorrow night. but hopefully we have democrats coming on board. and they're not just make making this a political argument. they are willing to support the same policies that were in there. we have the have the moderate bill. and then he didn't like the moderate bill. i think it's much more stringent conservative member. certainly what is being billed as the compromise bill. it's a new bill that we started with fresh legislation. we have taken the area. we had worked with the secretary of ghs to put his focus on the spell. we expect to hear from him that he supports the bill and is asking for republicans to support it.

thank you for the time. same early in the administration. we do not want to separate children from their parents. placing those children at risk. this country is dedicated to caring for those children. one of the first things that came to my today is the fact that this got anted up.

here we are. the policies rules and procedures for when people cross the border. we are going to enforce immigration policy they don't want to incentivize more people to come in illegally. if you are truly seeking asylum. come into the ports of entry and we will see what we can do for you. not to break the law.

the reaction you get is we have not used children in the past to force that. there are distinctions here where we have that using underage kids. to separate who is in that camp. we were seeking asylum. this is the first administration. that took the slot to a new level. what do you think. the policy mail we hope you come back later. that didn't work. they should have a legal way of getting people in. and that's what the administration tried to do. kids are not the ones to be punished here. yachts have some sort of family detention.

we have to solve our border problem. and right now taking some kids away from their parents it's still not the right thing to do. to keep the people there see you can make a good determination of whether they deserve asylum or not. a lot of republicans have expressed. even though most of the separations agree. 100% enforcement zero tolerance is a big policy change. this is a political decision by the trumpet ministration.

was it different in the past when we have it traded court whole families. all of you come back at a given time. i'm just sane. whether they are with their kids are without their kids. very few come back. fewer than 2% do. i don't know where the other 90% go. i'm going to defend that then perfect policy. when it comes to enforcement. and what you have here is 100% policy about law enforcement and criminals charged with misdemeanors. and we have a system that is overtaxed. you save for a short time any time makes no sense.

you did have some homes or house arrest type things. where they were in place. the x exercise a lot of discretion. but here there is no discretion. at salon order. and it's a bad policy. what he think. take it to congress. they need to fix it. because they do. i think both sides are incapable of that.

they may consider this week. and president trump does. there ought to be the agreement. it was made in appropriations. everybody got more money than they could have ever wanted. that cannot work. we may have to put some of this money into family detention so we can keep the people together. you don't want to take children away from their

mothers or their fathers. it's just not the right thing to do. let's not separate that. secondly. we don't know what donald trump does. here is the other thing. hold on one second. i'm not defending obama. what i'm saying is this. if you want to do on immigration then we brought him. three separate bills that he would sign and then decided not to sign. we don't know whether he's going to sign or not. here's the deal. pass the dr. bill no problem. the reason why they won't do that is because if he does that he loses all leverage.

here's the policy. i can deal with it. i'm just kidding. this is why we can't solve a problem. we see things through the prism of our bias. they probably get very tired of hearing. nor is the president there. there is more common ground here than you know. they can't find the common ground that's closer than you think. i can do that. but you can.

the day after chemo might mean a trip back to the doctor's office, just for a shot. but why go back there, when you can stay home, with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders,

serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro.

our phones are more than just phones.up! they're pocket-sized personal trainers. last minute gift finders. [phone voice] destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet which could save you $400 or more a year. it's a new kind of network designed to save you money. click, call, or visit a store today. it's me. your sleep number 360 smart bed... checking in.

last night i warmed your feet so you fell asleep faster. i sensed you roll over and automatically softened your side to melt away pressure points and keep you sleeping blissfully. at 2am, this happened. so, i took care of it. does your bed do that? i'm the new sleep number 360 smart bed. now you can wake up to smarter sleep. let's meet, only at a sleep number store. it's debatable whether we ever get to a trade war. we head about have that. we are still down a lot here. what happens as this rollout continues. they are doing it in stages. both sides. and by the way canada and mexico in the european union.

diedrich, how soon is this. i think this is just a matter of time. i feel about that dollar amount. small. probably by .1 percent. and on the issue of china trade. and the chinese saying that they had been open he said this is a problem that is long overdue to be addressed. he has his doubts as to whether we can trust it. i don't think he's the only one. and that's probably not the biggest breaking news alert. we've heard this from the producers.

the market rotation story rather than the stocks to selling out. there's a smaller domestic based base companies are going to do well. they joined the wto back in 2001. in less there.

and the fabulous promise to open up the markets come on down. and as i said to the other day. it was 2001. when out 200018. seventeen years we self to do this ridiculous partnership. it still considering that for a developing company. --dash my country. maybe you don't like the way it goes about it. i think for the market it's just not great. they are a lot of trade experts. moving the market and perhaps taking too much out of the stock market. we should just be doing this quietly cia style behind closed doors. been there done that.

there might have to be some the large multinational companies that are doing business there. they are interests of their own. she might just be out of a job. she has two weeks. a two-week ultimatum by her coalition government partners to figure out how she wants to approach the migration issue because even members of her own car -- on party say we need a stronger policy. we need people to show ids and open-door policy but a much more open-door policy. it was that that was coming out. bring them all in. she has regretted ever since. and we have the president

tweeting about it today saying that crime is way up. but he does make a point there are concerns about the crime in germany. it feels like a hundred years. it's actually been 13 years. that's a long time. also the fear is that she isolates herself. they look at her as a fiscal bowl writer. for the time being. suddenly a tough deal. you can definitely understand that. how bad is a skin to get for all of europe because this come back for what we said.

we don't have any of this. we had separate immigration issues. but nothing compared to that. in our economy we consume a lot of what we make. i think we consume about 80% of what we make even from an economic standpoint we are more insulated and everyone says you and break -- invade our privacy. in all of these companies that were dealing with. you're intruding on a rights and everything. that was up like 50% last year. maybe we over stress about the privacy thing. you don't want companies to take advantage of it. they seem to be shrugging in saint there is a difference. you want things to be on your phone that are encrypted that are hard to break into and in terms of privacy i don't want you taking it away from me.

they don't mind that much. that their information is sold to device makers. even to foreign governments. even with some of that. it's not suffering at all. tons of companies are still signing up to advertise with them. i have to refer to you on this one. what happens. it went to the last time out. timeout. look at that reaction.

they were just all jumping down. it was a big game. the english played the first game. any news could break. who is there to win the whole thing. they were held there. when i'm not in england anymore. of course they're not. certainly not the english. a little humor.

you know that they are going to have that there. they're already building a rocket. they have to move it. you go to some of these other businesses. you know the justice department. will finally get the world -- word today. there be tested at the top of the hour. an all-day affair. they could have a lot to say about the status of this similar investigation. republicans want to know where that's going. and democrats want to know where that's going. preparing him for college. in 24 hours, you'll send him off thinking you've done everything for his well-being.

but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be quick to talk to your teen's doctor about a meningitis b vaccine. that's it. i'm calling kohler about their walk-in bath. nah. not gonna happen. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower

than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call and ask about saving $1000 on your walk-in bath, or visit kohlerwalkinbath.com for more info.

♪ neil: what do you want to hear,

first of all, out of the inspector general? >> well -- neil: straight shooter, came down the middle on all of this? your thoughts. >> yeah. i think there's some key questions like, number one, why is peter strzok still employed at the fbi? why is peter strzok still there in light of what we learned from the i.g.'s report. i think that's an important question for mr. wray and mr. rosenstein when they come before congress. neil: and they will. director christopher wray. to edward lawrence now on what we could expect once that starts. edward. >> yeah, neil, we're going to see an old-fashioned grilling in the room behind me here where the fbi director, christopher wray, is going to testify along with inspector general michael horowitz about the bombshell report that was released on thursday. now, that report really zeroed in on former fbi director james comey and his time during this clinton e-mail investigation. now, the report uses the word insubordinate when talking about comey, it also says he deviated

from normal fbi practices. now, the report also zeros in on possible text messages that were between the former head of the clinton e-mail investigation who, as you said, is still employed at the fbi and his mistress and former fbi attorney which they said that, basically, they were going to try and make sure that president trump does not win the election. now, the inspector general report also turned over five other names to the fbi where messages were sent with possible bias in them. now, republicans are expecting to sort of drill down in this committee on that issue of bias and, again, the inspector general will try and defend his report as, hey, i came right down the middle on this. as you said, he's not biased in any way, and the report also found that the end of the investigation, this clinton e-mail investigation, was not biased. and that's something democrats are going to try and point out, that the result of this investigation was not biased, therefore, there's no further prosecution of hillary clinton that needs to go forward in this.

so, neil, should be a very long are hearing but a very fiery one in about 30 minutes. neil: when you say a long hearing, how long? >> you know, several hours at least because you've got the inspector general, and they're going to drill down on this 560-page report. and then you've got the fbi director who's going to defend the fbi and talk about how he's going to make changes to bring back that perception of non-bias within the fbi. neil: of course, we'll be covering that later on, not only this network but, of course, fox news. in the meantime, a white house briefing as well, so there's a lot going on. charles payne on all those developments. if they're upending the markets, to charles' point, they have a funny way of showing it. which is moving more as far as market concerns? >> i think the i.g. thing sort of dovetails into the notion on wall street that all of these things surrounding trump and it wasn't long ago when you heard the term constitutional crisis mentioned every now and then,

all of that's probably faded to the background. now all of the anxiety is wrapping around where do we go next with respect to trade. the federal reserve, obviously, a dark cloud over the markets but one of the fomc voting members is saying, hey, we had a whole lot of enthusiasm at the beginning of the year, now we have mostly anxiety. so it's not -- it's neither here nor there, but it's that sort of question mark that puts a lot of big investors on pause. neil: couldn't you make an argument as some did with me, charles, that, yeah, higher tariffs, inflation, you and i pay them, not governments. but that they could also slow the economy. and the good news for wall street, perverse as this seems to sound, a is that they might be welcomed if they prevent the federal reserve from hiking interest rates. >> that is one of the ironies, because, of course, when it comes to the fed you don't want an economy that's taking off. their whole idea is to tap the brakes, and that could be one of

the strange silver linings, if you will, of all this. we've got three members of the fed speaking today, two more speak after the close. i want to hear what they all have to say. i'm talking voting members, so it's critical what they have to say about this economy. to your point, i see that the market came up a little bit after he spoke those words. so the fed saying that we're not super duper, you know, like everyone's not so bullish -- neil: right. >> -- ironically, sort of helped the market. but also today we got the home builder sentiment number. with two things there. traffic, prospective buyer traffic, expansion for the eighth month in a row. 2005 since that's happened. but the flip side is your average home price is up $9,000 because of those canadian tariffs that went into place last year. neil: focus on lumber, right? >> lumber impact. so we do see a practical impact. people buying homes particularly in this neck of the woods have complained bitterly. it's a two-pronged thing. obviously, this tariff'ses

calculation was never meant to be a comfortable experience for anyone, and i think it's incumbent upon the administration that they continue to articulate to people out there why they're trying to do this, what they think they'll achieve. neil: they better articulate it better. this is on them. it's not on the government. i think a lot of people -- i've talked to very smart people who have said, well, can our government absorb it, and i always say, can you absorb it? >> during the campaign i would tweet that out all the time, and invariably 99% of trump supporters said they were willing to pay more for something or skip your purchase -- neil: are they really? >> well, they are. they say they are. i tweeted this out right now after i hit, you know, yes or no, are you willing to pay a little bit more so that we can right what's wrong with our trade relationships particularly with china -- and it's not necessarily tariffs, per se, but it's the intellectual property, opening up their markets -- i would venture to say over 90%

would still say yes. neil: i think americans are very smart, because whatever your views on the president's methods, he has brought to light that a lot of countries rig things. you know, certainly in the case of china and in some goods, though not all goods, the canadians when it comes to lumber, dairy products and the like. still allowing that with canada, we run a surplus. but he has brought attention. now he's got to make the follow-up argument that i'm doing this longer term in our interests or this is going to get out of control. >> well, he brings that up, and now in addition to saying, hey, bringing to light all this how the game is rigged, but justifying how a lot of people feel in this country between the coasts. outside of the elites who have always said, hey, everything is good. even today the elites would tell you, hey, our trading system is great, don't fret it. people are saying why did we go from 19 million to 20 million jobs in manufacturing, why did

we lose this and that, why we losing things that are precious to us? we now are finding out that canada -- you know, we left the trans-pacific -- tpp? neil: right. >> canada hijacked it. justin trudeau, i mean, these foreign leaders were angry at this guy. he hijacked the process and carved out a better deal for canada. so it was canada first. he saw an opening there, he knew it couldn't fall apart. no one could afford for it to fall apart, and he got a good deal under the guise of cultural industries. so we see protectionism whenever a country can get away with it. they try, and if we don't do anything, they will. neil: charles, very good seeing you. catch his show tonight, of course, all of in this will be coming up as certainly the i.g. report, him on capitol hill, more back and forth on immigration. we'll have more back and forth on trade and the dow now down about 131 points. meanwhile, there's another tesla car catching fire. this wasn't your car, was it? sorry.

>> they don't make them big enough for me yet. neil: especially the backseat driver and everything else. [laughter] this is going to be a problem here, and i don't know what the company's going to say, but i do know what he plans to do. after this. [inaudible conversations] 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. wlet's do it. ? ♪ come on. this summer, add a new member to the family. at the mercedes-benz summer event. lease the glc300 for $429 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.

my secret visitors. appearing next to me in plain sight. hallucinations and delusions. these are the unknown parts of living with parkinson's disease. what stories they tell. but for my ears only. what plots they unfold. but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. and these can worsen over time, making things even more challenging. but there are advances that have led to treatment options that can help. if someone you love has parkinson's

and is experiencing hallucinations or delusions, talk to your parkinson's specialist. because there's more to parkinson's. my visitors should be the ones i want to see. learn more at moretoparkinsons.com

i want to see. capital one has partneredthing with hotels.com to give venture cardholders 10 miles on every dollar they spend at thousands of hotels. all you have to do is pay with this... at hotels.com/venture. 10 miles per dollar?

that is incredible. brrrrr. i have the chills. because you're so excited? because ice is cold. and because of all those miles. obviously. what's in your wallet? i'm not sure. what's in your wallet? neil: all right. that's a tesla are car that caught fire again, but it's not done anything to wallop the stock. susan lee has the details. what's going on here? >> reporter: i'll tell you about the stock in just a bit, but this incident, of course, doesn't exactly help bolster tesla's image. mary mccormack tweeting a photo of her husband's car respond tape yously catching fire -- spontaneously catching fire over the weekend. this comes after, of course, those autopilot crashes in california, utah and florida. at a time when tesla is laying off 9% of their work force. now, investors reacted to this news premarket when tesla was

sold down, close to 2%, but it's actually up in the session because i think the market has taken note of elon musk's warning to short sellers who's very precise with the timing, saying it'll be three weeks before the short positions explode. now, what happens in three weeks? well, that's the time that tesla has to meet its model 3 quarterly production targets. they need to get to 5,000 a week for its mass market car which they've had to push back on twice. he has burned short sellers before, he warned of a tsunami of hurt in 2012 for short sellers, and the stock did go up, to his credit, 500%. so i think the markets are taking heed and maybe trusting elon musk this time around. back to you. neil: all right. super, thank you very, very much. in the meantime, there are oil and gas prices to consider, something, of course, you don't have to worry if you have a tesla for the time being, although you never know. let's get the read on what's happening here with phil flynn. phil, you know, i'm wondering, much of this is driven, you

know, as you always say supply and demand. the demand is there. but we have gotten whip saw ised on oversupply -- whip sawed on oversupply and now we're sort of ironing that out? what's really happening? >> well, i think it is. there's a lot of uncertainty, neil, about the impact of the chinese tariffs, the back and forth with that. there's concerns about whether or not opec's going to raise production or not raise production. that's creating a lot of turmoil in the marketplace. but when it comes to u.s. gasoline prices, it is being driven by demand. we set a record in the united states just a week ago where we consume 9.6 million barrels of gasoline per day. that's a lot of gasoline. and that even comes as the price of gasoline is much higher than it was a year ago. finish there -- there was that t that came out from aaa that now the average u.s. citizen is paying 7% of his disposable income on gasoline. that's up 1.5% from where it was

a year ago. but not nearly as high as it has been in the past. neil: for the rest of the summer, i know it's problematic because there are a lot of factors that can come into play, even the heat. but, i mean, what do you see happening? >> i think that we're going to see prices stay high all year because the bottom line is, is that even with higher gasoline prices, they're not going down. demand is not going down. that's going to keep those prices high. and i think the concerns about chinese tariffs, lowering, you know, global demand for oil are being overstated by a long shot. and i'm also worried about opec. i think it's too little, too late for opec to raise production. they should have raised production a few months ago. now i think they're behind the curve. and even if they raise production on the high end of what they're talking about -- 1.5 million barrels a day -- i don't think it's going to be enough to feed this ravenous appetite for oil around the globe. neil: so despite talk that

europe is sort of hiccupping or potentially slowing down, that doesn't change your equation here. >> it doesn't, because mario draghi last week came out and said, listen, yeah, we're going to end quantitative easing, but we're going to take -- neil: you're talking about the head of the european central bank, right? >> yes, yes, yes. good old mario, my buddy. he's going to do whatever it takes to keep gas prices going up. [laughter] no, he's going to keep that demand going and the economy going, so i think that's a big part of it. neil: thank you, my friend. you're a genius. >> thank you. neil: phil flynn out of the cme. moments away now from the big powwow on capitol hill featuring the inspector general, mr. horowitz, the fbi director will be there, and the questions will be flying back and forth. for hours. for hours. the judge on what to expect.

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.

i mwell, what are youe to take care odoing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. neil: you know, my friend judge andrew napolitano doesn't know this, but he's widely respected by everybody here. but i'm another case because i literally copy down every insight he has, and i then make it my own. [laughter] and a lot of people -- [laughter] neil, you sound just like the judge. because he's so good. he gives you great insights before you see something on tv,

and what you're seeing here now is all these guys getting ready to drill the inspector general who's about to testify. we're also going to hear from the fbi director. i think they're both going to be up there are, i think concurrently, right, judge? >> yes. neil: so you tell me what you look for, what you want to hear. >> i am disappointed that it's such a short hearing. you have three hours and two people, more or less -- neil: whoa, whoa, whoa, wait. three hours is a short hearing? >> yes. it should go seven or eight hours. neil: that's what i would think. >> that's normally the case. when justice gorsuch testified -- neil: this isn't that. >> but it's important. here's what i'm going to look for, republicans going new the report and saying you said there was no bias. isn't this bias, isn't this bias, isn't this bias, and mike horowitz will have to answer. neil: the inspector general. >> i'm looking for democrats going through the same report saying, ultimately, you have no criticism, ultimately you found no bias.

so each side wants its political narrative. then i'm going to look for, inspector general, is this the final version of your report? was there a version before this? where are the drafts and what was changed, and why was anything changed. neil: wow. why would you ask that, by way? >> i wouldn't ask it, but i expect that those looking for something beneath the surface, a feeling that the report may have whitewashed a portion of the fbi, was this a stronger version first, did somebody ask you to change it. did the guy next to you give you all the documents you want. the guy next to him is the director of the fbi, or did he hold anything back? and by the way, mr. inspector general, when you learned that the former director of the fbi used his own private gmail account for government business, did you look at those e-mails? did you discover whether or not there were classified materials on those e-mails a la mrs. clinton? we don't know the answer to that. i expect those questions will be

asked in the next few minutes. neil: now, a lot of people are going to try to get a sense from christopher wray as well what he provided or didn't provide, what he offered or didn't offer. >> a window into director wray's thinking would be the press conference he held last thursday afternoon within hours of the release of this report. so fiercely protective of the fbi that he woke up to some criticism this morning. not from the president who liked what he said or said he liked -- neil: so he was, he was protective of the troops, right? did i misread that? >> no, you didn't misread it. neil: wouldn't you be protective of the troops, the vast majority are fine, or did you read something else into it? >> no. i read that the fbi as an institution is in great shape, that a couple of rotten apples -- neil: even though we keep finding more rotten apples. >> apparently, yes. this all happened before chris wray got there, one of this is skin off his nose.

neil: right. context is everything to me, i've learned that from you. i'm trying to give the benefit of the doubt to strzok and his girlfriend, would they have been privy even back then in the fall of 2016 over the course of this relationship, other stuff that might explain their contempt for donald trump beyond their contempt for donald trump? >> well, i don't know what generated their contempt for donald trump -- neil: they didn't like them. >> -- but i am not as troubled by it, and ill tell you why -- ill tell you -- i'll tell you why. j. edgar hoover famously hate the-- hated the mob, the communists, bank robbers, but investigated because he hated them. law enforcement will say our job is not to be fair, leave that to judges and jury is. our job is to target people we believe who have committed crimes and see if we have enough evidence to prosecute. neil: but if you harbor views

or -- i'm trying to be as fair as i can. >> i know you are. you want to know the context -- neil: right. would they have been privy to stuff back then king and how could senators today questioning him get us into that? >> i get the impression that fbi management -- of which peter strzok was a part at the time -- neil: that's right. >> -- were pretty loose and exchanged all kinds of things. what he saw or may have seen that provoked those anti-trump texts, i don't know. but, neil, he's offered to explain that under oath. neil: i know. >> still an fbi agent. i never heard of an fbi agent testifying under oath other than in a courtroom in a prosecution. neil: do we know what he's doing? i was surprised that he still is -- >> he does not have the lofty job he once had. he now works in h.r. at the fbi. neil: okay. >> how much longer he's going to be there -- neil: he volunteered. he said you don't have to subpoena me, i'll come. >> yes. and he's prepared to do this

without immunity -- neil: if you're chris wray, are you going to let him? >> i'm not going to let him, and i wonder if his lawyers cleared this with chris wray. be something else i would ask today. but don't expect really tough questions, because politicians want to be on "special report" with bret baier tonight. they want to look good at 6:00. you want to ask tough questions, hire a professional cross-examiner or to ask the tough questions for you. don't expect -- neil: so good, so good. all right, thank you very much. i misspoke before, fox news will be all over this, fox business will provide you updates, we'll be rivetted by the markets and the latest activity elsewhere and the trade war and all this, but not this. they wanted me to clarify that. if you really want your just desserts on this, fox news -- which'll be us later on -- not fox business. are we clear? capiche? [laughter]

. . .

at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred

times faster than from conventional lithium brine. mgx minerals >> very importantly i'm here by directing the department of defense and pentagon to immediately begin the process necessary to establish a space force as the sixth branch of the armed forces. that's a big statement. we are going to have the air force and we are going to have the space force. separate but equal. neil. that's a big deal but pardon me if i was sill thinking about

ralph kramden of the honeymooners, right to the moon! you have to remember that of those of certain age. trish regan is not in that camp. very, very young. trish: i heard the stories. i've heard the line. it was a good show. thanks so much, neil. breaking right now, everyone, we're about to hear from inspector general michael horowitz any minute from now his explosive report on the hillary clinton email probe. the report shows how the fbi damaged the very integrity of its own institution. not good for the country. as we look at a market down 140 right now amid trade fears. a lot of concern about a potential trade war. i'm trish regan. welcome, everyone, to "the intelligence report." ♪ trish: happening right now a senate panel will grill inspector general horowitz and