tv After the Bell FOX Business June 25, 2018 4:00pm-5:00pm EDT
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liz: a great way to end it because again, new home sales for may are at an 11-year high. well, they did erase some losses in the final hour of a wild day of trade. still, the three major averages finished firmly in the red that will do it for the clay man countdown. melissa: new threat of retaliation leaving wall street stocks plummeting the major averages hitting new lows as officials from the u.s. and china exchange lows escalating fears about a full blown trade war the dow ending the day down 326 points off the session lows, the s&p 500 also falling deep into the red, the nasdac is down for the third day in a row marking its longest losing streak in two months i'm melissa francis. adam: and i'm adam shapiro in in in for david asman and let's go to nicole petallides on the floor of the new york stock exchange. what happened? nicole: we saw the selling across-the-board certainly we saw everyone, nobody wanted to take risks today when they got
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concerned once again now with the administration possible talks, possible ideas here, but china companies won't be able to invest in technology companies here in the state. tech was the worst of the bunch. we saw the nasdac selling off more so that was down two full percentage points versus the dow and s&p which each dropped 1.3% the dow had been down almost 500 but you could see it's down 327 points and those last five minutes they said that the traders saw selling on the handheld that's exactly what happened. the vix, the index moved higher really a big jump here, moved to the highest levels since basically the end of april, it jumped 26%. had it been 30% then we could have said it was the biggest gain since february but it certainly was a big move. it really is an indicator of the nervousness on wall street going forward that's what its gauge is and then we take a look at netflix because we saw semiconductors, chip stocks, anything related to some sort of technology sold off, netflix saw
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serious profit taking today in fact the most in a couple years is down 6.5% dropped $26 politico 3.84 is where netflix finished and goodbye to general electric. of course, ge with an original dow component over a century old , in the dow jones industrial average as ge was $12 was the lowest price stock in the dow 30 , it had to go shareholders were frustrated but ge has big news they're selling off one of their units which is exactly what the plan is the company is trying to sell-off assets but we'll see if they buy the back tomorrow right now down 3.27 as the dow shifts down here back to you. adam: its been a busy day for you thank you nicole. melissa: trade uncertainty continues following that the president is planning to implement new restrictions on chinese investments in u.s. technology firms let's go to christina p break down all of
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this. >> let's first talk about earlier this morning when the wall street journal did post a just a report about how the united states is going to target china right away and they listed two specific issues. the first one being if a chinese investor owns 25% of a company, they cannot buy a technology firm in the united states. this is according to the wall street journal they will be banned from buying any type of u.s. technology company. the second part of that report states that the united states is clapping down on exports titled industrial significant technology so the details on what or who is industrial significant when it comes to technology all that is not finalized yet according to the report a lot of media has been reporting on it and that's what initially started to move markets earlier this morning but then you had the treasury secretary that came out steven mnuchin he sent out a tweet, about 11:30 or just mid-day and he said that the wall street journal as well as the bloomberg report is false even though fox news we did report it as well.
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he said there will be restrictions later this week but this is the key part that actually started to move the markets is that the restrictions are not specific to china, but to all countries who are trying to steal our technology. and so the keywords there are all countries. if you go back and my colleague adam shapiro pointed out in the original washington investigation regarding intellectual property, there's a list of 12 countries that are on the priority list. china being number one, but there are other countries you wouldn't expect like canada is on that list and then of course we have india and in o near a, argentina the list goes on, and you have steven mnuchin that's saying this is all fake but then just last week you had trade minister peter navarro on mornings with maria and he said otherwise. listen to what he had to say. >> the investment restrictions to be clear are proposed as the province and the treasury department and decision of the president. the purpose of those would be to prevent china from coming into
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silicon valley paying a very high premium. to be clear here, maria these are not business people. they don't come in just to earn a fair rate of return and generate cash flow for their investors that's not the game. the game is to pay a high premium and use those companies for strategic purposes. >> so then you have peter navarro the director of trade saying one thing, the steven mnuchin secretary and treasurer saying another, you have markets moving down on all of this chaos and then china saying last week to beijing about 20 big time multi-national executives in a nice round table meeting saying essentially in america they may turn the other cheek in a fight but in china they're going to punch back. i'm paraphrasing but that's essentially what china said not backing down no matter what anyone thinks sending it back to you guys. melissa: christina thank you. here to react is fox business susan li, adam lashinsky from fortune also a fox news contributor and liz peek a columnist for foxnews.com.
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susan i'll start with you, because there have been other reports of other people in the administration coming out and saying this is not true, this is not going to happen and we saw the market rebound, right? >> right so that's right. so it's about technology and protecting u.s. technology. i think it's significant to take a look at how this message is being delivered from the chinese side. he did this and president xi sent this to a global round table of 20 global ceo's this is how he wants to deliver the message to the u.s. administration. he's basically telling you where the pocket will be hurt most and it's of course at the multi- national level but i think if push comes to shove given the events happening in china right now the crimp on the chinese economy and credit conditions, you know, the u.s. might have some leverage here and actually getting beijing and getting china to blink first. melissa: interesting. adam what do you think of that? adam: well, i grant that the u.s.' economy is in a better position but to me this shows
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carrying on international trade negotiations as if it were just another skyscraper deal in manhattan. this, we have a process for having this very meaningful conversation. there are problems on both sides that's what the world trade organization is for. this shouldn't be press releases and different members of the and saying different things. it's amateur hour on trade policy and you saw what the effect of that is on wall street today. liz: liz? do you think that the wto has been working well for us? >> well that's the issue, right i think that the trump adminitration sees a long pattern of abuse from china and from the eu, frankly, on tariffs being too high, all kinds of measures in place to prohibit or discourage american imports, but i have to say, i think the markets are reacting to the idea that no juan has yet blinked, and in particular waiting for china. i would argue that the credit changes in china over the weekend where they loosen their bank restrictions to allow a
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little more lending is a pretty good signal that their economy is beginning to feel a little beaten up by this tariff anticipation. melissa: good point. >> so i actually think that we're seeing from china some measures also they're moving around steel, exporting to kind of circumvent the tariffs. i think they're responsive and look, the growth rates are coming down in china. now people are talking 6.4%. the official rate is 6.5, but i think actually that's going to sink so they are being impacted but look, as xi jinping has it in his head to weather this out politically he's better off being the tough guy in the room it's bad news for the markets for sure and for american companies. adam: something we're also watching an american staple shifting production overseas. the trade dispute hitting harley-davidson that company taking action to avoid the eu's retaliatory tariffs on u.s. goods. that includes motorcycles, fox business jeff flock is live outside harley-davidson in
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countryside, illinois with the latest on this one, jeff? reporter: yeah, the idea behind the president's trade policy certainly to create american jobs, in this case it may be that it costs american jobs. that's cause of a retaliatory tariff from the eu on motorcycle s. take a look at how much its increased from 6% which is no small tariff to start with but now increase by 25% up to 31%. that adds more than $2,000 to the cost of a harley-davidson bike made here in the u.s. and shipped to be sold in europe and the company says they just cannot possibly pass that along to consumers and have them decide they're going to make that purchase. you know, the europe has been a growing market for harley. if you look here in the u.s. , sales q1 down double-digits in the u.s. but in europe, sales up almost 7% in q1. it's a developing market and, you know, that market was being served by american workers at
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harley-davidson plants here in the u.s.. there are four harley plants in the u.s. , two in wisconsin, the home of harley-davidson and then one in kansas city and another in york, pennsylvania and now, it appears those jobs will be transferred somewhere else. harley also making bikes in places like brazil and where else, thailand i guess and india so there you go. harley had also been already in a bit of a slide in terms of the stock down about 20% on the year before today, down today the stock by my calculation about 7% , not so good at harley-davidson and not the intended consequence of the president's trade plan. adam? adam: jeff thank you. susan li, adam lashinsky and liz peek back to liz i'll start with you. i've got the 8-k filing from harley. it will cost them in tariffs anywhere from 35-40 million this year almost 100 million next year so it makes sense you'd think from a business standpoint to produce the finished product overseas, but will this back
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fire on harley with american consumers? >> yeah, i think it could and i think this is an incredibly political situation, being headquartered in wisconsin, it's like dairy farmers in wisconsin. that's obviously a very important state in terms of any upcoming elections and don't think the eu isn't targeting harley just exactly for that reason. i think it could back fire on article it davidson. my guess is they don't do this. i think this is their way of saying look this could really hurt us. eventually we have to respond to this. they don't have to do it today. they don't have to do it six months from now. clearly at some point they won't want to absorb those losses so but yeah, i think american consumers are not going to like that. adam: well adam lashinsky you wrote the book years ago "inside apple" and it's not just harley but for instance apple its china market is something like 40 billion in sales last year. are the tariffs that we have whether on steel and aluminum or component parts that come into the united states, are they giving a perverse incentive to u.s. manufactures to produce
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finished goods overseas that they can export back to us, because there's no tariff on the finished good if you bring it back. adam: well on those finished goods, right? maybe the administration will impose them in the future but you're absolutely right. there are unintended consequences as jeff said, and there are perverse incentives. apple is an interesting one by the way adam. i've noted they've been left out of all of these conversations because it's my perception they're the last company that washington or beijing wants to mess with, because of the sort of mutually assured economic destruction but this harley thing i disagree with, liz. i'd love to agree with liz but not this time. they absolutely will do what they say they're going to do if they need to and they know that could put them in a bad light with american consumers. they're going to do it anyway. adam: susan li it's not just motorcycles, we're talking bourbon, orange juice, levi's getting hit with the eu tariffs. is there anyway to avoid this or on july 6 will this all blow up? >> i want to highlight the
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harley-davidson case because they noted when the eu said they retaliate against the u.s. teal and aluminum tariffs harley-davidson that day already for warned the market we are going to face some significant impact and they can't pass on a lot of these higher costs on to their consumers in the eu, because they will probably have to absorb it and i think this tells what's going to p ha in two weeks time again and a lot of these earnings reports it's earningsson once again. i promise you that a lot of these companies they will be talking about trade and how it impacts their bottom line going forward. adam: susan, adam and liz thank you very much. melissa: markets tumbling on fears of a trade war. with these recent sell-offs sounding the alarm on something worse? we're going to take you back to the stock exchange for more on how the traders are viewing all of this. adam: plus white house officials targeted by bye-bye protest. this was the scene outside of the home of homeland security secretary kirstjen nielsen. the backlash continuing over the tolerance of the immigration. fueling the fire a california
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democrat encouraging her supporters to chondroitin front white house staffers anywhere ii time: melissa: white house secretary sarah sanders and her family were kicked out of a restaurant over the weekend. sanders is holding a press briefing at the white house she just responded that question we'll bring you that response but as we go to break here is her father mr. jansz: mike huckabee a bee speaking with her father. >> it's sick. it's desperately sick and there's all these people saying to say well they deserve it. nobody deserves to be treated like this. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from
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by and teddy what do you make of all of the turmoil over tariffs, are markets over reacting or a warning sign something worse is coming our way and do you believe peter navarro our treasury secretary steven mnuchin in this fight over we're going to slap tariffs no we're not going to slap tariffs. >> well how about doing the last first because that's easy. i don't believe any of them. i think that's the problem the market is having right now. you know, this whole tariff thing is just a big boys game of economic geopolitical gamesman ship. we don't know whose going to blink first. somebody will blink and hopefully sooner rather than later this will all have a happy ending, but for the moment it's all created a tremendous amount of uncertainty and it's interesting because the market as you pointed out ended up closing down about 325, being down close to 500 at one point today and all of a sudden down
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325 is looking pretty good but i think basically there's not enough lipstick in the world to put on that pig, down 300 is still down 300. adam: yeah, but teddy steven mnuchin's tweet was specific that the stories were fake, or false, fake news, about the investment restrictions on china , but then he went on to say there would be restrictions against all of the, there you'll see the tweet. there would be restrictions potentially on investment for any country whose businesses might be stealing our intellectual property and posing a threat to the nation. i mean this is the treasury secretary of the united states who has the authority, by the way, to implement those kinds of threats, so seems to me that we're not out of the woods yet and that steven mnuchin knows something that maybe we don't. >> well, i think two keywords. threats and out of the woods yet and i would agree that simply at this point they are simply threats and i think that's how they should be viewed. nothing is reality at this point but reality is all the
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uncertainty, unknown created around the threats, and that's what's creating a problem for the market. this is a giant economic geo political game of chicken, and eventually somebody's going to blink and until that happens, perhaps the best thing for most of us to do is just get out of the way and let these guys play. adam: how long do we have to stay on the sidelines if we get out of the way. the administration believes that the united states really has very little to lose and it's that china should we pursue this with china, is the greatest loser in this war. >> well, once again, i think you have to kind of pick your poison and read the tea leaves however you want to interpret it but the bottom line for the markets is these are just huge unknowns and markets don't like dealing with unknowns, and this is exactly what we're experiencing. how long can this go on? your guess is as good as mine. so as far as i'm concerned and
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seaport's clients are concerned, the assets that we manage, we're just getting out of the way. we're not smart enough or clever enough to figure out what the end game is here. you know, we hope it turns out positive. we'll have to wait and see. adam: wait and see teddy you pick the poison i'm picking scotch thank you very much. >> [laughter] melissa: heckled over her political views, protesters seeking out florida pam bond it challenging her views on immigration, you won't believe how far they went, and gop chairman responds coming up, plus wildfires rapidly destroy ing parts of northern california forcing thousands to flee their homes. we have an update on the damage coming up. >> i woke up and i looked and i saw smoke on my ridge. i knew i had to go and i ran. you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake.
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home. i was asked to leave because i work for president trump. we're allowed to disagree, but we should be able to do so freely and without fear of harm. adam: sarah sanders responding to that troubling incident over the weekend just moments ago during today's press briefing. we want to go to blake burman inside the room to give us all of the details about what she had to say and what she went through. blake? >> adam we should know right off the top the sound bite you just played was how sarah sanders started the daily press briefing she will walk up to the podium and kind of lay out the administration's thoughts or any statements she wants to give. sometimes domestic issues, international issues. she chose to started to with an issue that involved herself. over the weekend she was trying to eat dinner at a restaurant in virginia. the dinner with her family and she was kicked out of that restaurant because of her affiliation with president trump and her role here within the white house. that was just one of a couple incidents over the weekend the other involved the democratic
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congresswoman maxine waters who suggested during a speech on the streets to sporters that those who are critical of president trump, those who do not think highly of this president, should confront the president's top officials should confront cabinet members face to face and express those criticisms. just a little while ago, sarah sanders addressed as you heard there her own incident and had this message on a more broader scale as to how public discourse should be held across the country. >> healthy debate on ideas and political philosophy is important, but the calls for harassment and push for any trump supporter to avoid the public is unacceptable. >> sanders mentioned how her own children had been threatened sanders is a mother of a few young children. maxine waters by the way, adam, should also be noted, that the top democrat in the house nancy pelosi rebuked what maxine water ed had to say, saying instead, we should try to
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achieve unity. adam? adam: blake burman at the white house, thank you. >> thanks. melissa: here now is dan henninger of the wall street journal editorial page deputy editor and fox news contributor what do you think about this, dan? >> well, i think that the democrats, the liberals, the left are getting out on thin ice i mean it wasn't merely what happened to sarah sanders at the red hen restaurant but also department of homeland security secretary kirstjen nielsen was essentially run out of a mexican restaurant in washington and demonstrate ors show up through the night at her home to keep her awake with bull horn shouting shame at her. this is the kind of behavior that rubs a lot of people the wrong way, and i think that what maxine waters was saying there is beginning to sound a lot to me, melissa, like the anti-war protest of the vietnam period back in the 1960s when a lot of emotional intensity got running and led just like the democratic convention 1968. she is really playing with fire
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and i think nancy pelosi understood that and that's why she tried to take it down with her tweet. melissa: well maxine waters not new to this. i'm from la and spoke to many reporters during the riots who talked about her fanning the flames in churches there, before the riots erupted in 1992 and the past things she's done have at least contributed to violence at the same time, you know, democrats will say that the president is the one that started this that he's the one that changed the tone and he did in fact launch a campaign that was unlike any we had heard before with the name calling and all of that, and he's the one that started it basically. >> well we're talking about differences about public policy fought in ways traditional to our politics which is you debate you do that on the house and senate floor but attacking people in their private sphere in private lives as happened to sarah sanders and kristen
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kirstjen nielsen over the weekend is something out of bound and something we don't do in this country and the democrat s are really the left precisely is really running the risk that there's going to be a backlash from the american people against behavior which they seem i'm sure most people think has no role and no place in traditional american politics melissa: so i mean that's interesting when you look at it through that lens, you know, how does it impact the attitude going forward? it kind of reminds me of when everyone thought president trump has no possibility to win, everyone believes that he's horrible and this sort of thing is they kind of get lost in their own chamber and think that everyone feels the same way as these protesters, but in reality there's a large swath of american people who think wait a second that's not okay. do you think it could be similar here, now? >> yeah, i think so. i mean, my page the wall street editorial page editorialized about this this morning and we
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said look, there probably are many people out there who are upset about what happened to the children down on the texas border with mexico, but the reaction of the left to what happened to sarah sanders, kirstjen nielsen this sort of behavior, people get dug in and they say i don't care what the details of the substance and policy is. if you're going to attack a president like this, and the people who work for him, i'm simply going to vote against you this is deplorables, all over again and people get upset about that sort of thing and yeah, if the level of discourse collapses further like this and people start getting attacked in their private lives, there is going to be a crack. that could have implications for the mid-term elections. melissa: and is there any thought to what's interesting is coming from the left that these are women with their families. >> you know, i don't think this is a thing about the modern left they really do not, the dividing
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lines like that. look what has happened on the campuses with conservative speakers like charles murray being literally driven from the stage, attacked on the way out, along with the university officials that were escorting him out. this is kind of standard behavior these days, on the left the right by and large doesn't engage in this sort of physical acts against their opposition, and you know, if the left is going to include people's families in these sorts of attacks ii think people like nancy pelosi understand, they better find a way to pull back because democrats are going to suffer politically if this continues. melissa: dan henninger thank you for your time. >> good to be with you melissa. adam: roseanne barr is opening up in her first interview since being fired by abc after she made a racist tweet about former advisor valerie jared. >> i horribly regret it are you kidding me? i've lost everything and i regretted it before i lost everything and i said to god, i
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am willing to accept whatever consequences this brings, because i know i've done wrong. adam: abc quickly canceled the revival of roseanne last month after the star's initial tweet but last week, the network announced a spin-off it will be called the conors, and it will not include barr. melissa: the immigration debate intensifying congressional leaders working to get a version of immigration reform across the finish line. can they get it done? adam: plus a new deadline for the doj. how intelligence committee chair devon nunes giving the agency until 5 p.m. today to turn over documents related to the launch of the trump russia probe. congressman mike johnson hugh judiciary committee member, next >> there's a whole lot that we still don't know about and that really gets down to look, did you use the counter intelligence capability of this country to run informants or spies or whatever you want to call them into the trump campaign. i mean this needs to be cleared
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adam: here is another look at the markets all three major averages hitting a new low for the month the dow is now at its lowest level since the beginning of may. the vix, fear gauge surging to a two-month high and this was all over concern about a trade war, possibly growing. melissa: house republicans demanding the doj hand over documents related to an fbi informant in contact with the
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trump team during the 2016 election by 5 p.m. tonight and now the president is weigh ing in tweeting "i have tried to stay uninvolved with the department of justice and fbi though i do not legally have to because of the now totally discredited and very expensive witch hunt currently going on" but you do have to ask why the doj and fbi aren't giving over requested documents so congressman mike johnson from louisiana he's a member of the house judiciary committee. looks like they got 23 minutes do you think we'll hand over the rest of the documents? >> yeah, this is a faithful deadline, melissa and we're about to get an answer to the very important question and that is, is the leadership of the doj the leadership of the fbi going to fully comply with the duly- authorized congressional subpoena. that's what they have. that's what we've been request ing and these documents have been requesting for quite some time it's really absurd its come to this but as you know this will be a faithful deadline before the end of this hour. melissa: you're going to have rod rosenstein and director wray
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in front of the committee thursday. what are you going to ask them? >> there's a lot to ask. we've seen a systematic level of bias that's really unprecedented its made a lot of the american people question our very institutions our entire system of justice. i went home over the weekend back in my district in north louisiana and people are openly asking the questions, can we trust the department of justice? can we trust the fbi? if we lose faith in those institutions, then our entire republic is jeopardized. that's their real problem and we need to ask those at the top leadership positions what they intend to do about this. melissa: so we had one of our own legal analysts here judge napolitano saying earlier today that you could deliver that subpoena to a court and the judge could then demand the documents and look at them and decide if it's proper to hand them over or not. any thought of doing that? >> well, i'm a former attorney and of course the judge could do that and hold it in camera and make those decisions but i would argue as a constitutional law
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attorney the obligation is before the elected representatives in congress. that's our responsibility. we have an oversight responsibility over these agencies and institutions and it really does beg the question, is there something they're trying to hide. why are they not coming forward with the documents? why would we be required to go to a court to get the truth and the answers the american people are entitled to. melissa: but the logistically if they are not handing them over to you and it seems like they're not what are you going to do? how do you get them? >> well we could trigger that option of going to the court and demanding them under the court of law. if they weren't turned over at that point, they could be held in contempt i suppose but it's really an unprecedented kind of situation that we find ourselves in. we shouldn't have a constitutional crisis over this. it should be as simple as turning over the documents that have been duly-requested for many months. melissa: i don't want to run out of time without asking about immigration because the house is expected to vote on a bill this week after delaying the vote from last week. house republican sources are telling fox news they're
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skeptical but anything can get passed but what do you think? >> i share that skepticism and i voted for the goodlatte bill because i thought it was a reasonable measure but this compromised bill has real concerns real questions. conservatives like myself are concerned about amnesty provisions that would be in the bill at least that's the way it looks to us right now. there's a lot of negotiations going o in to add things to the bill and enhance it but the jury is still out so to speak. we'll have to see what the final bill looks like. melissa: would you vote yes the way it is? >> i wouldn't support the bill in its current form and i'm ultimately concerned about us upholding the rule of law. if we have an amnesty program that sends a message that america is not that serious about enforcing its immigration laws and border security. melissa: i'm sorry, the argument they make is not really amnesty. they're not deporting daca folks but instead they're just giving them time to get on the back of the line behind the people that are already on the line that doesn't seem like amnesty.
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>> well it's a six-year renewable status and at the end of that six sixth year they could begin the green card process but that is a little bit different avenue than all those who did comply with the law and seek to come and immigrate legal ly and to file the laws. we've got to be very careful about the message this sends about securing our borders and making sure that our immigration laws are duly followed. melissa: what would it have to say to get your vote? what would it have to say? >> well i think we'd have to refine the language on that. i'm very concerned about not only the appearance but in reality, this being an amnesty program under any other name and i think there's a number of conservatives in the house at least who share that concern and in the senate as well. melissa: congressman johnson thank you for your time i hope you'll come back. >> thank you we will appreciate it melissa. adam: senator joe manchin springing into action to save claire mccaskill from choking and performing the heimlich maneuver on the missouri senator saving her but accidentally
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cracking her rib at a caucus luncheon last week. melissa: a big day for women in saudi arabia allowed behind the wheel for the first time as the world's last remaining ban on female driving was listed after midnight sunday. for nearly three decades women in saudi arabia have had to rely on drivers or male relatives for transportation, saudi arabia began issuing licenses to women in early june. according to officials more than 3 million women could receive licenses and drive by 2020. i wonder why they have to wait that long. maybe that's just when they catch up to that number. adam: hundreds of people forced to leave their hopes the new warnings from officials asthmas ever wildfires grow in northern california. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? you got a1c, heart, diet, and exercise. slide 'em up or slide 'em down. so let's see. for most of you, it's lower a1c.
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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. melissa: new time lapsed video shows just how fast wildfires in california are increasing in intensity forcing thousands of residents in the region to evacuate their homes and
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businesses. william had is in california with the latest, william? reporter: well some types mother nature just takes over and that was the case sunday in lake county, california about 150 miles north of san francisco now there are 36 fires burning right now in the golden state, four are new and uncontained including the pawnee fire. this is very early in the fire season especially in the north it is unusual for a fire to spread so quickly about 12 square miles in one day, but northern california's abnormally dry and with sustained this weekend of 40 miles an hour, residents had little warning, some getting out with just the clothes on their back. >> i woke up and looked and saw smoke on my ridge and knew i had to go and i ran. reporter: cal fire ordered command evacuation in several small communities whereabouts 3,000 live. the red cross setup a shelter at a local high school and more than 200 firefighters are using helicopter, bulldozers and more to battle the blaze. the cause remains under
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investigation. we have at least 600 homes threatened. we know residents have been evacuated out of this area in the past, just the fire history we've had in lake county and they're eager to get back in but right now given the conditions we need them to be patient and heed the warnings to remain evacuated. reporter: the good news is this fire only grew about 500-acres overnight. temperatures today around 90 but the winds have died down to about 10-15 miles an hour and that is good news, however no moisture. back to you. melissa: thank you. adam: so immigration battles are igniting across the country. the florida attorney general confronted outside of a movie theatre ahead of a key primary debate in the sunshine state. next, the florida gop chairman sounds off on the issues that matter most to voters in the sunshine state. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them.
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>> [indiscernible] >> preexisting conditions, pam bond i. shame on you. shame on you! shame on you! adam: harassed over political beliefs florida attorney general pam bondi confronted by hecklers outside a screening of the movie , mr. rogers. she was harassed for supporting the trump adminitration's plans on immigration and the state's decision to join a lawsuit against the affordable care act. here now, florida gop candidate joining us, i want to talk to you in a second about the sunshine summit but first, the incident we just saw on video. this is happening in different parts of the country but it happened to the attorney general in florida. what's going on down there because the key issue in florida is immigration; correct? >> actually the key issue in
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florida is the economy and how we have a great economy and our unemployment rate is low and we're creating jobs but obviously immigration is an important issue to the voters of florida. adam: so let me ask you this incident with the video of people heckeling pam bondi, and i believe she was also accosted inside the theatre by a man who was yelling at her as well. >> yeah, you know, every time when i think that the florida democrats can stoop to a new low we see something like this. ag bondi, and it was the just her a state senator who got heckled i know all three of them , they're great people and for them to come out and do this the only thing i can think of is the word hipocracy because these are the same people who are complaining they didn't like donald trump's tweets, now president trump saying he's bullying people but they're going around now and doing the same exact thing they were condemning. my question is, you know, why do we have maxine waters out there now openly calling for this and where is our senator bill nelson
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why hasn't he condemned maxine waters and asking for a call to stop this. i think we should ask him those questions. adam: well maxine waters was re duked by nancy pelosi but i want to ask you you just said democrats used to condemn this very kind of thing. isn't there a difference between the in your face whether it's at a restaurant, kirstjen nielsen experienced that last week, protesters at the mexican restaurant confronting her, now pam bondi being confronted. isn't there a difference doing that than when the president, i mean the president calls people names and a lot of people think that is inappropriate but that's on twitter. that's not in their face or in their private world or homes. >> yeah, this is much more aggressive. this is taking it to a new level this is now to the point where elected officials have to go out and worry about their safety and then we sit around and wonder why good people don't want to run for office. this is because of things like this. adam: let's talk about the sunshine summit which a lot of people might think is spring break for college students in
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fort lauderdaleer dale but it's a big political event it's coming up later this week important because it's going to be a debate as part of this between the two republican gubernatorial candidates a we're going to carry it live on fox news channel thursday night, but tell me, i mean, how important is this summit? you've got ron desantis and adam putnam trying to get your party 's nomination to become the next governor of florida. what does the summit do for voters? >> well what the summit does for voters is it brings the biggest donors, activists, party leaders all into one place. the idea of the sunshine summit years ago was to bring everybody together in one convention-style atmosphere. sunshine summit was like cpak, we wanted to do for the state of florida what cpak has done for national politicals but we're totally excited about this this thursday and friday night is the nationally televised fox news debate that you're all carrying we want to thank you for your
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participation in that helping to bring florida to the forefront because we're important when it comes to policy and day two, an amazing line up of public speakers. adam: let me ask you about this. the president enjoys among republicans 90% approval. that's i think what the latest poll shows and i asked you earlier and we might be looking at different polls, one poll that said immigration is the top issue in florida then healthcare if that's accurate or inaccurate the president has opinions on both how does that resonate the president's opinion to choose one of these men to become the next governor at least on the republican ticket? >> well, what i think the president is looking for is he's looking for no matter who the nominee is both of them are going to be advocates for the president and look, the state of florida, we went for a pretty big margin for president trump when everybody else thought he was going to lose this state and one of the platforms that he ran on was zero tolerance when it comes to immigration. you know, we can have zero
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tolerance. we can have key families together. we can do all of that. the only issue now is that the democrats don't want to solve this problem. they would rather have campaign issue to run on than solve the problem. adam: thank you very much all the best to you, sir. >> my pleasure. mall the commander-in-chief is about to leave the white house president trump is heading back on the campaign trail details of the president's latest stop to secure red wave in november. what might seem like a small cough to you...
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can be a big bad problem that you could spread to family members, including your grandchildren babies too young to be vaccinated against whooping cough are the most at risk for severe illness. but you can help prevent this. talk to your doctor today about getting vaccinated against whooping cough. because dangers don't just exist in fairytales.
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melissa: just minutes from now, president trump will leave the white house making his way to south carolina. the president is scheduled to attend a campaign rally tonight for govern henry mcmaster who faces a runoff election against fellow republican john warren tomorrow. >> mcmaster is one of trump's earliest supporters who replaced nikki haley when she became to become the u.s.
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ambassador to the united nations. stay tuned to fox business. lou dobbs will have special coverage starting at 7:00 p.m. eastern this evening. melissa: all right. it's been quite a day. market down 328 points. that does it for us. here's the evening edit. >> whether it's north korea or trade, we're taking care a lot of problems that should have been taken care of over the years. >> he has threatened to punch back but so far hasn't with tariffs of his own. >> we need to be sure we're dealing with something that were in effect intellectual property. we're still the strongest market in the world. i don't agree with trade wars and i don't agree with tariffs. but at the same time what we've been doing for years hasn't been working, and we need a change. >> trade front and center as the swamp swirls, the dow dropping nearly 500 points at today's low as
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