ashley: relax, big breathes. stuart: i have another 10 seconds to go and i can throw it to neil cavuto. i'm having my last rant, 5, 4, there you go, neil. neil: i've never heard that. stuart, thank you very much. the president, by the way is doing equivalent of online rant, if you will, tweeting out that he thinks everything went fine in russia among some of the other things he's been talking about is that referring to while i had a great meeting with nato, raising vast amounts, even better meeting with vladimir putin of russia. sadly it is not being reported d that way, fake news is going crazy. i don't think it's fake to say that he might have had a real mez on his hands, here he's just trying to clean it up. not disaster but raising a lot of questions about not buying his own united states intelligence, from his own

people in favor of the leader of russia but that's neither here nor there. the president is defending all of that. he will be meeting later on, meanwhile to focus on things that are of greater concern for the time being, that is tax cuts, maybe another round of them. we are going to get the read on all of that, first reaction to what went down yesterday in helsinki with former national security adviser, dick cheney, steven yates who says despite the president's performance good things did happen, steven, good to have you. he's still chasing criticism endured from the right and the left, but you don't think it was that bad? >> no, neil, my sense is that the hot takes were too hot. this president over and over has been judged usually harshly based on short-term tactics and lead experts and pundits to underestimate his electility, --

electability and passing tax cuts and so if you look at what he's really trying to do, revival of realism of getting away from interventionism, rebouncing relationships and playing old-school power politics among nations. that part of it i strongly agree with in terms of what he's doing and there's also the deal-making president trump and that was playing during press corves and remarks made it seem he was too forgiving of putting by real misdeeds by russia. neil: you might be right. i thought he botched it enormously, he missed opportunity to standby the united states, but own people right now. put faith in them, every prominent republican on capitol hill who shares the view that the russians interfered in the last election, neither one of

them thinking at that through outcome and not one of them believing that it changed any one's mind and the president should deal with it and he didn't, you think behind closed doors he did? >> we don't have any evidence that he didn't. neil: i'm going by public comments where he seemed to bend over backwards to say i trust this guy. >> that was problematic with the president. they will try to work hard to unwind that. my sense, though, when you are dealing with relations among nations, bigger and longer enduring things that presidents can adjust and that's the challenge of the administration, to do better job to reinforcing what the arc is but there's no question that the formulation of the press problematic and seized upon in capitol hill. neil: you know what i worry about, it doesn't mean the president is evil by any

stretch, he bends over backwards to be accommodating to the person theresa may, he says all the horrible things about her and the government an her handling of brexit in newspaper, i don't think he thought the time, maybe he did, when he's the stand taking questions from reporters, he's very complementary and tries not to agitate and the same maybe applies to vladimir putin when you are up there, you sort of dial it back and it might be nothing more than that? >> i think that's kind of the deal mode of president trump and somewhat in our dealings when we are dealing with friends we have higher expectations so we feel at liberty to be tougher with them to try to reshake what we are doing in terms of trade or -- >> yeah, we don't kick the friends in the hinny. >> well, this president does it all of the time. neil: he didn't do the same with vladimir putin.

>> when he's dealing with xi of china or kim of north korea or putin of russia, he takes a different approach and the contrast is a communication's challenge for the white house. nile neil that's very diplomatically put stephen, you're the best, stephen yates, former security adviser to dick cheney. let's get the read from real clear politics. tom, i think he has to come out and say, let me clarify, standby the united states, i standby our intelligence agency, i standby all of the republicans who say that the russians did interfere, this guy who was standing next to me was the principal player behind it. it doesn't mean you don't talk to that guy, does it mean you don't move onto talk issues of peace with that guy but you certainly don't want to look potentially to that guy, what do you think?

>> we will see. certainly that's not something that trump is inclined to do. he doesn't like -- neil: it's never going happen. i want to pause it, it's never going to happen. >> he did backtrack after the family separation issue. he's coming under intense criticism maybe not as much as that issue but certainly he's getting some from republicans and not just the never-trump crowds and the other folks as well. so but look, this is not his ammo. he's more inclined to do what he did today, thank rand paul and everybody else can take it or leave it, he's doing his own thing. i do think he will suffer backlash in short-term from some of the marginal trump supporters who think he made a hash of it and might see a dip in approval rating but i'm not sure that it's going to last long term and the next shiny object will be around the corner in a day or two, and we will be up and running and this will be in the

we rear-view mirror like the kim summit. seemed like it was years ago. neil: you're right about that, shelby, to tom's point, with his base even arguing that he might have botched it is something that they will not hear, i've gotten some colorful emails and text from them, i can't repeat on air because i'm so vulnerable, i will say this, that their loyal, they will not hear that he might have been able to be stronger in defense of the united states, the idea that he threw the country under the bus, they will not hear that either w the core group i don't think the needle has moved one iota, what do you think? >> i think you have a point, with base there's nuances, cross section of base that he manage today convince that the entire investigation from beginning to where we are right now is a witch hunt, it shouldn't have happened, shouldn't have been

under way. those people i don't think will change mind easily, others in his base who are prolaw enforcement, pronational security, they are concerned about the u.s. interests abroad, they support law enforcement, that was a big rallying cry we heard during the election and those people maybe split right now over -- over what to think. the president went out and through the intelligence agencies under the bus and i think the problem for him was that he repeated conspiracy theories, what happened to pakistani who worked with debbie wasserman schultz, the justice department did thorough investigation of that, they interviewed 40 witnesses, took possession of server and other computer equipment and they said in the plea deal, there was no evidence that he did anything unlawful with respect to computers. but the president doesn't care, he's still out there casting doubt on what the doj, his own doj has said as well as investigation led by republicans. neil: you know, i can look at that and i can well understand, tom, we've gotten into this

before in prior chats that the president chased the notion, sometimes it's a whisper among democrats, you weren't legitimately elected, everyone has concluded that despite russian interference, it didn't tip the election one way or the other, but this was an opportunity for them to say, all right, you russia were involved in the election, i don't appreciate that, don't even think about doing the same in this election or in elections to come, i'm watching you, end of story, but he didn't do that, that's what worries, me, tom. >> no, i agree, look, i think he mishandled, he could have handled in a way much, much better way diplomatically speaking. he does have a glitch about the election and his legitimacy and, you know, feeling that people try to undermine, let me also add, neil, thank -- back to this, trump made a mistake and supporters might agree with that. the overreaction among critics and folks in the media saying

this was treasonous. neil: yeah, that gets nutty. >> not only nutty but this is the classic scenario where people who are incline today think that trump made a mistake, they look at what the reaction is and think it's so far over the top that drives them back to trump. neil: then that drives the president to the point where he throws it back at them. i know how that goes, shelby, but what i can accurately conclude here and tom touched in outset, nothing will change, so will soon be to other stories, this story right now and whether some deem embarrassment, nothing is going to change. >> it doesn't seem like anything is going to change. doesn't seem like is willing to say, you know, oops, i should have addressed this more firmly or i just think you brought up a great point, neil, it could have been so easy, yes, mr. putin, we have tons of things we want to cooperate, we want to address issues but you have to stop

meddling. neil: something historically where you are both standing up there, john kennedy would do this in different, or even ronald reagan with soviet leaders at the time but most famously with gorvachov. he endorses his view. i endorse mine. we move on from that and try to find common ground on missiles or what have you. and leave it at that. but by not raising it or then deferring to the guy you're standing up there, it fuels all of this. >> it does and i think there was a shift yesterday on capitol hill among republicans who are usually willing to stand by the president. i'm hearing some aides that this was a big day and certainly concerns them and the two key things that everyone is wondering, if you don't trust the president -- if the president doesn't trust the intelligence agencies how can we

ensure our national cybersecurity, secondly, if he is so worried about how his election victory is spun or viewed by members of the left, it seems to be driving policy and that's not a place you want to be. republicans saw this and are more alarmed than you would think. neil: guys, i want to thank you both very much. the backdrop is this is a good economy, strong retail sales, the backdrop second quarter that wraps up in strong note, some talking 4% growth when we get figures next week and that's something jarome powell, the man who runs the federal reserve is talking about, he likes that. he doesn't want to get into the other stuff after this. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels

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>> it's hard to say how -- what the outcome will be, really there's no precedent for this kind of trade discussions in my adult life i haven't seen essentially all major trading partners, lower tariffs for everyone, that would be good thing for the economy, broader, higher tariffs across broad range of trades and goods and service that is remain for a long period of time that would be bad for our economy and other economies too. neil: might be the state of the obvious but jarome powell not going off of any ledge here to

characterize the trade back and forth saying that resolving this with lower tariffs would be the way to go, if it doesn't go that way would not be the way to go. sometimes we all, you know, opine on this but bottom line is that's not a shocking statement. what would be is, no, this is not going to affect anything. that will happen as trade war escalates? it's officially, we are going tit for tat including china. charlie gasparino. maddie, i think it's safe to say a war is on. now, it could be a short war, but it's on, what do you think? >> well, i think that the chairman is doing his job in not trying on politician of the nature of the trade skirmish, war, whatever verbiage you want to use, there certainly is a conflict here. now, all of this is happening against a very strong economy, we certainly can't refute that

and going into the summer there's going to be -- there's a lot more financial news coming, earnings report that are coming in the next couple of weeks that are going to show business activity in the united states that generally would be source of optimism but because this is all happening at a time when uncertainty has been injected, the question is what does the outlook look beyond that. powell is really trying to create an environment in which no matter what happens, the fed can take a measured response if any, but really his job right now is to try and keep there from being expectation's game, set only on the notion that trade is going to be the only indicater the fed is looking at because, of course, there's certainly other economic indicators that result in having strong outlook for the next couple of months. neil: you know, charlie, you reported, the markets so far willy nilly move beyond that, maybe not to worried about this yet, what do you think? >> well, if you look at the numbers you had, dow and s&p,

they are not up much since the beginning of the year, if you go further, dow and s&p have been flat, you know, since trump passed his tax cut plan and where the -- neil: still been amazing run-up. probably expected anyway, right? >> not a six-month pause. [laughter] >> i think that's the problem. neil: we are still up better than 4%. >> yeah, we are, probably less than that. probably less than that if you go back to where he signed the bill, just so you know i have been crunching the numbers in preparation. neil: you didn't seem to know how s&p is doing. >> they want to use the numbers that correspond to my ha tread -- hatred to donald trump, if that's what you want to say. as numbers shifted, they have traded kind of flat, i think, i hate to make this, but i agree

with your guest, it's just like powell, powell knows that a trade war is bad for the economy, he knows that, you know, we are probably going to get a very good gdp print for the second quarter, probably anywhere between 3 and 4%, i mean, i hear people talking above 4%. but if it's 3 and a half that would be very good. and the question is, can that -- can that number be sustained and is this trade stuff which has real-world impacts on workers and farmers and, you know, it's ironic, design today help workers and farmers but it's doing just the opposite. does that have a drag on the economy which takes 3 and a half percent to 4% gdp rate and brings it down to more obama-level gdp growth. one other thing i would say, i still think it's unclear whether long-term tax cut plan will produce the growth that it is, i guess, touted to. it was mostly a corporate tax cut and as you know, they do stock buybacks rather --

neil: one of the things we are hearing maddie, meetings with members of house ways and means committee including kevin brady, tax cut 2, when that would jigger a couple of rates or expand other allow answers, hard to say, very unlikely this year, i imagine, but they are plotting something, what do you think? >> i think that there's a lot about tax reform. tax reform is the most important thing that the president could have done to the economy and have been talking about it for years, i was excited pass to go law. moving forward, there's a lot of things in tax act that can be improved, stability and confidence on individual side and that's what members of the house ways and means committee have been talking about, making sure that tax cuts went into effect stay in effect the 10-year window, they were made temporary rather than permanent. looking back at december, one of the main drivers of growth in

tax reform plan was corporate tax rate cut but new investment in the united states and the trade actions that the administration has taken has put little dampening effect and we see in reports back from businesses across the country and across the world that there's been a little bit of softening and enthusiasm. >> i'm going push back a little bit, one reason because you give a business corporation a corporate tax that doesn't necessarily mean they put it back to corporation. they do stock buybacks. >> what happened to stock buybacks? >> what happens? here is what happens, sometimes, only sometimes the stock goes up. look at the history of stocks. >> you know what happens, the market -- >> wait. it's not the most efficient way of creating, creating supply side stimulus and that's the

problem with stock buybacks f trump and congress did a very large individual tax cut, according to, look at the numbers, you would get more consumer spending than you have now and we should point one other thing out, we gave the corporations a huge corporate tax cut and guess what happened to wages, that he remained flat. >> wages are starting to -- >> no, they are not. [inaudible conversations] neil: we can argue -- >> right where obama was. neil: stop! >> we will come back and argue about it more. ♪

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neil: u.s.-russian relations are the worse they've ever been but putin is not the reason, we are the reason just like we are the reason the chinese are cleaning up on trade, it's not that they cheat it's because for years we let them cheat.

never mind russia invaded the ukraine, we let them invade ukraine or china seized on american's appetite for cheap goods, we let. it's not that russian leaders weren't cunning, not that chinese leaders weren't true, our leaders were true. not that canada has become threat to national security, we let them become threat to national security. canada? so don't blame any of their leaders, blame our leaders, just not this leader because to hear the president tell it it's not his fault the world is a mess. all right, i got a lot of reaction and a lot more on your world on fox news later on, 4:00 p.m. eastern time. a lot of you not thinking much of my comments there or that my goal dismerging predecessor.

i want to get the read from a big backer of the united states, a good human being in own right but one i never heard disparage predecessor in business or politics, he's in what i call a box, former gop presidential candidate herman cain. i don't like when i hear out of the president and i saw on full display with vladimir putin and that's what worried me, what do you say? >> well, first of all, let me say amen to your opening monologue, okay, secondly, we all know that russia has been our enemy for decades and it probably wasn't a good move to imply that president trump agreed with putin. that probably wasn't a good move, okay. now, take that along with all of the other actions this president has taken to drop the hammer on russia and that's the one thing

they wanted to focus on, the parsing of certain words. now, if you get past that, the president has been consistent, he did something about a lot of those things that you mentioned in your monologue, the previous administration did nothing and let's not forget, the infamous open mic when president obama leaned over and said, after the election, i will have more flexibility. why wasn't that played up at treasonous and disgusting like they are trying to play up this implication? neil: here is what i want to get from you, it reminded me, he does seem to put greater stock in our enemies than he does our friends, to quote european union an enemy or criticize predecessor, barack obama would blame george bush and i know how

that goes but he's put it on steroids and i sometimes think it hurts him because he warps history and say what you will of barack obama and i know you have some fond thoughts of him and not so fond thoughts but a bull market ensued under barack obama. for the president to say he inherited a mess or depression i think it's a stretch. he took it to a new level, he advanced us in ways unimaginable. to his credit, stop blasting the other guy. >> i would agree with you on he doesn't need to blast the other guy, but he did inherit an economic mess. all you have to do is look at the economic metrics today. neil: they are better today, but if you called 4% unemployment a mess, steady job giants, it was not robust or off the charts

recovery, average of a couple hundred thousand a month and bouncing off what had been close to a million job loss a month, that -- that's not a mess. >> well, neil, i'm going to take a little bit of issue with you. remember for eight years the gdp was hoovering almost 2%, it wasn't even 2%. neil: no, you're absolutely right. >> the previous administration wanted us to accept that as the new normal. now, you and i have been around a long time and i remember being -- neil: speak for yourself. [laughter] >> i remember being in the board of federal reserve board in 1990's, first time i was on your show and i remember gdp being 4% plus and the previous administration wanted us to accept 2% as normal. now, it is rejected by the atlanta fed that it could be 3.5, 4, maybe even 4.5, we will know next week.

my point is the previous -- he doesn't need to continue to deem the press administration, maybe he's doing it because democrats have short memories when it comes to what he inherited and this is why they focus in on all of this malarky relative to menacing of words rather than the impressive results. neil: doesn't he seem to be doing -- the record and what he has done and the accomplishments and the economic, continuation of this, he's kept going for recoveries that's very unusual, hats off to him for keeping it going, but then the sort of make it seem like you came in like fdr into the great depression, come on. >> neil, he did come in after something like the great depression. neil: now you're drunk, i think you're drunk. >> no, no. i wouldn't call it the great depression but the nation was depressed. we were depressed in terms of

attitude, we were depressed -- neil: herman, i'm not an apologist for barack obama. i do know what barack obama stepped into, you could make an argument for this president too that it would be hard to sustain a recovery that had been going on weak as it was but as long as it was and he did keep it going, hats off to him, i just find it a little galling and maybe it's done in business and maybe -- i can't imagine you doing this where you focus on the failures before to make what you're doing so much better, what you're doing is good, lever it at that. >> no, neil, i think you're reading is wrong on that with all due respect, my friend, and here is why, the liberal media, the nightly news are never going to talk about those things and because he's the president of the united states he has to highlight some of those things

even though most of them are not going to be reported on, so i am not going to deem him for comparing what's happening now to what happened the previous 8 years because as you know, the liberal media, nightly news are not going to give any credit for it. neil: i think we have time to do it all, i think we have time to give real statistics, let the american people decide and leave it at that and not play politics on the right or the left, what do you think? >> i don't agree. neil: okay. [laughter] neil: final to our show. >> i don't blame you. neil: we could still say friend but i will take you off my call list. >> yes, we are. neil: always good seeing you. all right, in the meantime we are going to be hearing from the president of the united states at 2:00 p.m. ahead of the meeting on tax reform. he is expected to make remarks about the putin summit, he's heard that some people were not fans of her formance, maybe he

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neil: all right, the president is going to be making some remarks on the putin summit at 2:00 p.m. eastern time, an hour and 20 minutes from now. this is all part of the pow wow he's having with members of the house ways and means committee, they are trying to hash out another tax cut, charles kristia partsinevelos is there on capitol hill, kristina. >> it is a pow wow, tax cuts 2.0, second round of possible tax cuts, the first round reduced corporate rate to 35% to 21%. president trump allude today possibly decreasing to 20% and so today the expectation of what we are going to see, we could potentially see an extension of those individual tax cuts because right now they are set to expire in 2025.

we could hear more news about universal savings accounts encourage americans to save more as well as changes to 401(k) so improving retirement savings plans specifically geared toward smaller employer as well as providing annuities so any saved income workers can use toward annual income, we did have kevin brady, the chairman of the writing committee, he pretty much spoke about tax cuts, stating about the long-term growth. >> president trump tax cuts and reform was about changing the economic direction for the country for the better, 2.0 is about changing the culture in washington where we don't wait 30 years between fixing the tax code, we get better every year, we continue to lead the rest of the world here so we are going to see permanence of the middle-tax cuts and business tax cuts will be the center of this and people overlook the growth

impact. >> the permanence is contentious issue, some republicans and some democrats believe that the tax cuts have contributed quite a bit to the deficit and so there could be some back and forth going on with that nonetheless republicans want to push us forward to the house right before midterms, neil. neil: all right, thank you very much, kristina. let's go to charles payne also making money, and hopes none of this distracts the underlying that the economy is good. >> yeah, listen, we had chairman powell of the federal reserve talk to congress and, of course, it's always sort of a mess because it's fewer and fewer ask questions about the economy but he did get a chance to opine and i think it was great, i think people should read the letter he sent to congress last week ahead of the meeting because it's independent voice whose sole focus to monitor economy and making sure it doesn't get too

cold or too hot. what he said is remarkable, the economy is growing, participation, to me it's the most important thing that americans have enough confidence to come back to workforce. he's pointing out things that i think are important that we are not talking about, for instance, 15% of women who aren't in workforce is because of which can costs, this is not political topic, opioids, playing major role in people not going out looking for a job. in the meantime, you can't argue what the economy is doing, you guys had a great conversation right before this segment. neil: i'm not sparing you. >> i do believe, though, that, you know, it can even be better if were to find a way to get politics out of it. neil: i haven't had a chance to talk to you about this and i didn't get a chance to see your fine show, on the putin, your thoughts how he handled it? >> i thought president trump was

going to come out significantly, i was hoping he would come out stronger, i thought what he did with nato, with germany and the uk was great, i thought he gave them tough love, you know, in fact, i called it nato first, you know, and i was looking for a stronger pushback yesterday, i really was and so i was disappointed we didn't get that. neil: so when you look at what's happening right now and the economic backdrop for this, you mentioned jarome powell, gave politically correct answer on tariffs, the longer they linger, the more problematic, if stay stay up that's bad. he is watching it as other member it was federal market committee. how much of the factor is it for you if this drags on many, many months? >> it becomes a factor but i think the goal is the president is we are losing sight of the goal and i'm wondering what happened to the america that used to fight back to the

america that said something is wrong, letsz fight back. yes, we know when you fight there's a chance you will get hurt and casualties, there's a chance that they'll be collateral damage. but the old america used to fight back against what is wrong. neil: when a president, charles payne, just focus on china? >> i probably would for the majority of my focus on china, although i think calling out what our european allies have done and how they are benefiting from, particularly with the nato thing, when i had a chance to study germany's readiness, or lack of readiness, you know, it's -- everyone needed to be called out. the real battle between us and china and i hope we win it. neil: every time we all go out, you get stuck with the bill. [laughter] neil: you have the nato

experience. >> yeah. neil: appetizers, it's on charles. thank you, my friend. charles payne. genius. all right, on netflix shares, earlier losses, this is sort of like the apple or the case, you only pick up 5 million plus subscribers and that's considered disappoint like, but the iphone, only sell 80 million a quarter, disappoints, the same phenomena here, what does that mean to you after this. , though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me.

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neil: you know, these are the fang stocks, by large those issues that lead the tech parade, nasdaq, prominent members, except for netflix, they are doing quite fine, thank you. the fact of the matter is amazon racing ahead 22 points all the prime spending and all the rest, it has been a jugger nut. not so much netflix, a disappoint although well off lows for the day that normally added 5 million subscribers here, the read on all of this with economist and watcher and susan li. susan, it's an interesting dynamic, sign of getting to be a big wig in the industry is you will get a shrug or cell signal

if you only add 5 million plus subscribers, explain what is going on. >> they added 5 million but a million short than forecast and that was the primary, i guess, focus in the earnings call that i listened into. yes, we overforecasted, and it's kind of reminiscent what they did in q2 in 2016, they did the same thing and markets got ahead of themselves, but, you know what, 130 million paid subscribers, adding 5 to 6 million in each quarter and investors are buying and recovered from 13% down from recession. neil: what do you think is going on brian, and would it give you pause looking at this group? forget about netflix, a lot of them are almost bought as a group, fang investment, what do you make of that? >> right, there are some, some signs, i don't want to overstate it or understate it that this

whole group has just become momentum play, favor for investors and seems to be going up, that sends me a danger signal. i am not saying sell them, i am not saying buy them but they've moved much faster than the market as a whole and when i look back at the rest of the market, there are massive earnings and one of the cheapest sectors in the market is financials, seems like it's been overlooked. so the way we invest at first trust, we look more at value and i think you will find more value in other areas of the market, the economy is picking up, earnings are growing really rapidly, i'm not trying to say technology isn't a great place to be, but there are a lot of companies that are using this technology to boost productivity that are sort of kind of outside

of the so-called technology space. they used the technology, they get higher productivity and higher profits so don't ignore them just because this sector looks fairly valued at least. neil: you know, jack, every time -- i'm speaking of the aggregate that it can't sustain market leadership role and if you were to leave, you'd miss the run-up that follows, how do you play it? >> yeah, i mean, in many respects, neil, it's a defensive play, it's a way for investors to get into a market that's pure growth and know that people are going to continue to sign up with netflix or amazon whether or not we have a trade war with china or not, so i think where, you know, investing becomes more of an art, look, we know that's an easy play, the question is is

it worth buying an industrial here, is it worth taking a change to say, you know what, a lot trade positioning is simple rhetoric right now and i'm willing to look past that and take some bets that this issue will go away and you'll make more money. it'll take a little more courage but right now i think the easy -- the easy avenue is to sort of just ring fed the business and focus on what this area is and that's insulated. neil: susan, when you tack to investors, what are they telling you about this summer and what's going on and what they see going on, that old, sell in may and go away, obviously not everyone is going away but what do they tell you? >> right, we do have jarome powell talking right now and penciling in two more rate increases for the year. i think that's pretty much a done deal but there's still a lot of money on the sidelines

and when you take a look at technology, there's only been handful of stocks that got most of the money, 80% has gone to five technology names, right, and right now we are looking for -- maybe we are seeing broadening out given that we are in probusiness government. you know, people are putting some money to use, the valiums are still pretty low. neil: brian, these were the issues that would be hit by trade war or drags on for a while, does that worry you, a where i think until this entire argument, keep buying not from you but a pause? >> right, yeah, i mean, obviously it's a wrinkle and i do want to address something that jack said, facebook and google, they don't ring-fence trade wars, a trade war affects everybody, if china wants to go after them or big countries wanting to after them, they with use, they can lose massive markets like overnight and so

don't think that if we got into a real trade war any stock is ring-fenced but here is the point. i would argue and charles payne was just on, i agree with him, i do not believe we are in a trade war. i think we are in a skirmish, i think the end result of this is that is that tariffs will come down around the world just like they have for the last 75 years. i said it to you neil, reagan put tariffs on semiconductors, bush put it on steel. we put tariffs on chinese -- excuse me, lumbar. neil: we will have more and what the president has to say about the summit.

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neil: all right, the president is going to be making remarks about that putin summit in helsinki. we also understand that secretary of state mike pompeo will be testifying next week on russia. i don't know with whom he's going to be testifying but anyway, we'll see what happens there. this as a lot of people on both sides of the aisle are wondering whether the president went too far praising vladimir putin and at the expense of our own intelligence committee services the house intelligence committee member joins us right now and says that the president has to send a signal here and i guess

you had some concern whether he did? >> well, yeah, look i love this president and i support his policies and i think he truly is working at making america great again but on this one thing he was just wrong and maybe he'll have a chance to clarify his statements. i hope that he will because look , russia is led by not just one but a group of kgb thugs. they're enemies to democracy. i want to have a positive relationship with them but its got to be built on understanding that foundation that's just true and the second thing, neil is i think sometimes a president conflates collusion with their attempts to interfere and he used them as being one of the same and they're not. there's no question that they wanted and tried and were successful to some degree of interfering with our election just like they have been in previous elections around the world. that doesn't mean there was evidence or collusion there just isn't any but we have to be clear on one thing. they were trying to interfere and they've been successful and being divisive and bringing a lot of ill-will to american

people no doubt about it. neil: you know i could understand why this entire discussion because he thinks inherent in it to your point, congressman is that he wasn't a duly-legitimately elected president, he was, end of story but every time he talks about this story maybe he just thinks that it fuels that argument all over again, when you can make the distinction and most have that the russians clearly were involved send a strong word of warning to them, don't do it again, not happy that you did it , and move on. he didn't do that. how does he correct for that or is it too late? >> well, no i don't think that it's ever too late and i think again a lot of people understand that maybe this wasn't exactly how he felt. i really believe that that's true but you've got to give this president credit. he speaks off the cuff that's one of the things that's en deer ing but it can get you in trouble sometimes and he may say

things he may not mean but he needs to correct it. it's too important to let this lay. it needs to be corrected. neil: well what do you want to hear him say then, congressman? he's going to speak in about an hour. he might address this but what do you want to hear? >> well i don't want to advise this president on what to say and i'll let him -- neil: feel free i know he respects you but go ahead. >> i would say that i respect and recognize that the intelligence community was right in their how russia tried to interfere and i'm not questioning that. the second thing i'd like to hear him say is as i just said, russia is not our peer. they're not our friends. they're our adversaries. they want to diminish freedom and democracy around the world, i recognize that and we will consider that in our negotiations with them. once again i'm glad he met with vladimir putin. i don't care that lh a one on one. some of the media were making a big deal of that. neil: well do you think vladimir putin, it's another line that's developing in the press and like

you said maybe press is not too keen on him, that putin got the better vote? >> well i don't know. i think time will tell that because after this storm hassed and it will pass we can then look at what does they talk about and did they discuss or agree on anything. i think to be fair to the president let's look at that, but in the short term i don't think that this conversation we've had over the last 24 hours is what the president wanted to talk about after this summit, and so in that sense, maybe vladimir putin got the best but i don't think it was vladimir putin. i think it was just the circumstances and reacting to some of the things the president said, not something compelled by mr. putin. neil: congressman through for taking the time i do appreciate it. >> good to be with you. neil: all right, well president barack obama made a comment about some of this without calling anyone by name. see if ku guess who he's talking about. >> i'm not being alarmist, i'm simply stating the facts.

look around. >> [applause] >> strong men politicals are ascending suddenly whereby elections and some pretense of democracy are maintained, the form of it, but those in power seek to undermine every institution or norm that gives democracy meaning. neil: some pretense of democracy wow anyway, my next guest has a thing or two to say about that, senior fellow rebecca what do you think he was saying there? >> you know, it's so hard on the heels of this troubling summit between president trump and vladimir putin and you want to offer an honest criticism of president trump's performance and then you hear president obama and it all comes back to you about how bad president trump's policies were towards russia, and you can understand

why some of trump's supporters have a hard time admitting everything that just happened yesterday. president obama had a whole series of cap it you legislation s towards russia during his administration and that is not an excuse for the performance of president trump yesterday but it does kind of wish that you would have president obama and a lot of these other obama former officials just kind of sit this one out, because it does feel incredibly hypocritical to hear them talking this way. neil: do you think though that democrats risk over seizing on this treason, all this other stuff, that whatever you think of that, i'm not a fan of how the president handled this but i think when you get to the level of treason, you might be going off the rail a little bit here and this is sounding like the immigration debate, where you get rid of i.c.e. and all of a sudden, democrats come to find and maybe that's why chuck schumer was warning them that six out of 10 americans support

i.c.e. and that this is sort of pushing them off in a far left field what do you think? >> right, i think that it is true that president trump made some serious errors at the summit with president trump putin. i think he had an opportunity to be strong, to stand firmly with his own intelligence community. he did not have to be provocative with putin but he should have been clear and strong and defend our own country so it was a mistake and he's going to have to make up for it in a number of way i think in the coming days, months , and even years but that is not the same thing as treason and the democrats are a little bit johnny come lately here when it comes to errors towards the russian federation, and so we know what it looks like when a president tries to charm and cap itulate the russians but it doesn't work and we know it doesn't work because that was the policy of the obama administration for almost eight years. he started to change his tune a little bit the last couple years but we've seen this before and

it doesn't work. neil: you know what's kind of weird about rebecca you're a great student of history in international relations and all but if you think about it, it used to be democrats had the better relationship with soviet union and later russia, republicans not so much because republicans were always in their face. now the rules are somewhat reversed and i'm wondering what that could portend going forward , because a lot of fellow republicans are saying that president trump, you know what you're dealing with right? you know how dangerous this is right? and so it's not only from the left but he's getting it from many conservatives are saying wait a minute this guy could be eating your lunch which means he's eating our lunch. >> right, vladimir putin this is not a new character on the world stage. neil: not at all. >> we know what he's like. this is why it's different than john: who has a little bit more mystery behind what kind of personality he is and how you can deal with him as the leader of his country. vladimir putin, he is very well studied. we know what makes him tic and

the thing that the president needs to do now is to sure up the areas of weakness where president putin might think that the united states doesn't have resolve or that he can exploit or take advantage of. that's the best thing president trump can do to deter war and conflict and preserve peace, so i don't see the republican party moving in a direction of being soft towards russia. i think that this is something that president trump thinks that he can do because of his personality but again, that's not unique to president trump. other presidents have thought that the power of their personality could change things. neil: that's right. >> but that is simply not the case. it's not the case with vladimir putin. he has contrary interest to the united states of america and so we've got to be able to stop him in the tracks. i was very sick in my stomach whenever i watched president trump speak and i can only imagine our central european allies, the romanians how they felt watching that press conference. neil: maybe he will clarify when

he speaks to the nation about this, ahead of his tax policy meeting with members of the house ways and means committee he will touch on these and maybe address some of the criticisms because coming from people like you obviously it's bothering him , so rebecca thank you very very much, we'll see. >> thanks, neil. neil: that is coming up in about 50 minutes in the meantime take a look where we have up about 63 points right now a lot by strong earnings, we've had very good financial earnings, bank earnings that's been a continued trend here and technology stocks say netflix which of course has an slowing down a little bit and deemed a disappointment in that environment because if only signed up 5 million plus subscribers so we'll get into that and get on these trade worries and what the federal reserve chairman had to say, what some people are claiming to be the last adult standing to try to ease a lot of these fears out there. a read on that, after this. alerts -- wouldn't you like one from the market

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its a new kind of network designed to save you money. click, call or visit a store today. i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. neil: all right, federal reserve chairman jerome powell is very upbeat on the economy even with the trade concerns, i guess he's hoping that those concerns don't get beyond just concerns, edward lawrence on capitol hill with more. >> hey, neil the federal reserve chairman jerome powell says the trade dispute risk to weakening the economy is balanced by the very strong

economic numbers that we're see ing. he pointed to a very solid economy and signaled that the gradual rate hikes are the way to go for the federal reserve. now, i see nothing in his comments here that suggest anything other than two more rate hikes as they have forecasted for the end of the year. now, the chairman powell pointed to a 2% growth of gdp in the first quarter, he says, but the second quarter will be " considerably stronger than the first." he pointed to more people getting jobs. in fact wages going up, the chairman saying but not speaking inflation. still, for senators on this banking committee they were concerned about the trade and the uncertainness with the tit for tat tariffs. >> so in other words isn't all this trade uncertainty a threat to wage growth? >> it may well be. we don't see it in the numbers yet but we've heard a rising course of concern which begins to speak of actual capex plans being put on ice for the time being. but again the chairman saying

that the strong economy is sort of balancing and holding off those trade impacts so far. in fact in order to keep that economy strong the president meeting in less than an hour with representatives from the house ways and means committee republican members, he's meeting specifically with republicans kevin brady also george holding, you'll see michael bishop, dianne black, and they're talking about the next phase of the tax cuts tax reform 2.0 and within that tax reform we're likely to see a proposal to where the tax cuts would be permanent, right now they sunset in 2025. neil? neil: edward thank you very much my friend. all of this happening at a time in the trade war that obviously has raised some of the concerns of the federal reserve, it could be escalating right now, japan and the eu among those signing a trade deal to protect themselves just in case. this follows on the heels of the chinese entertaining their own deal with germans.

the 32 advisor ceo wall street heavyweight fox contributor robert wolf. well the wagons are beginning to circle and come together against us on trade, what do you make of this, robert? >> well as you know i was on president obama's export group and we spoken many years and i'm very surprised that the party of free-trade the conservative party is not really promoting free-trade in a different way. i think tariffs is not the way to go. trade war is not the way to go. the best situation for us to actually compete with china would have been the tpp, the trade trans pacific trade agreement because it was having trade deals with the 11 countries around china but for china, so dealing with indonesia and vietnam and the philippines, australia, new zealand isn't that the best way to combat someone that you don't trust with trade is really to trade with everyone around them, so i think there's a much better

approach than tariffs and trade war. neil: well the president obviously disagrees and his view is that they need their little tie-ins and tie-up notwithstanding that it would be silly compared to just doing a straight trade deal with us so that will be to our advantage, they'll realize that come crawling back to us, you say what? >> yeah, i don't see that necessarily happening where anyone is crawling back to us. i've heard about these great trade deals and we're still waiting for one of them. we're having a great trade deal with canada, hasn't happened. we're redoing nafta hasn't happened. we're going to have great deals with the eu, hasn't happened. neil: you're not a fan of the south korean deal? >> well it was kind of all it did was iterate, i'm always for iterating trade deals, no one was say today nafta is perfect so let's change it. it's 25 plus years old. that being said, i'm for trade, but i'm for smart trade and i think smart trade has to do with labor rights and it has to do

with environmental rights, labor standards -- neil: well how do you feel about that robert as a prominent democrat as well that the president's support is very high among blue collar communities and those who feel that these trade deals have not been beneficial to them and democrats by not across-the-board dismissing a lot of these concerns do so at their own pair ill and the president has something on them, what do you think? >> listen there's a difference between having good trade agreements and then establishing trade war and tariffs. the president keeps using this logic that a trade deficit is a loss to our country. we know that that is not accurate. we're 75 plus percent consumer driven country so any time that tariffs gets passed to the consumer we're the ones that pay for it. neil: if it ever comes to that point though, right? it is a game of russian roulette >> but i don't think we immediate to play that game, go ahead sorry. neil: i'm sorry it was my bad. do you think though that if the

president were to succeed and get the other side to blink before it comes to an all-out war, he's won on that. the threat of tariffs made that happen. >> listen i'm rooting for the president on having our economy stronger and good trade deals. neil: you're not rooting for them. yes i am. neil: no you're not. >> please. listen, i support what you said yes about his views with respect to russia, but i think all of us are americans first. neil: what did you think of that by the way the whole russian thing. i thought you were spot on. i thought it was disgusting. i thought it was weak and an embarrassment and i thought it was the worst. neil: i worry that it hurts him on this front but maybe it's short-lived. >> well i'll tell you i was listening to the smart individual you had on before, i would respectfully have disagre ed with her. the sanctions we put on russia post crimea really impacted them the stock market got crushed, their gdp got crushed and capital investment into russia got crushed so the idea that

sanctions didn't impact russia -- neil: what do you think of the relationship, you're a very successful businessman you reach across both sides and all sides on earth, all political parties and i'm just wondering the president's argument for this is what's wrong with talking to the russians? what's wrong with my complement ing him? what's wrong with all of that. that seems to be the back drop for something we're told robert he's going to explain in a little more detail but what do you think of that? >> so i don't have an issue with him talking to our adversary and talking to our friends. i have an issue with what he said at the conversation yesterday, the meeting, the summit whatever we're calling it neil: totally agree. >> where he hit his own dni chairman coats, where he hits the cia, hits the fbi, he takes the side of putin. i don't understand that. secondly, post what happened on friday, when we had indictments on 12 russians, i probably would have canceled that meeting.

i would have said this is -- neil: you don't want to cancel. the timing you don't want to cancel it. >> that would have been my view i would have rescheduled that meeting. neil: if i had a meeting with you i wouldn't cancel it. >> well you're very nice. neil: i'd come up with a different excuse. >> and then lastly, i actually think he has to put a hard line in the sand to make sure that russia pays for what's happening and we need to continue with tough sanctions and he needs to stay that course. neil: what's so weird is democrats get tough, republicans aren't tough. it's an upside down world. >> well listen, i think this is going to be incredibly a bipartisan issue and when i talk to my friends on both sides there's no question this is one issue we should be able to get together on. tough sanctions on russia, not allowing them to meddle in our politics or anything to do within our country. neil: well you're right about this. as united friend and foe, we'll see what happens what the president says in a little more from half an hour from now always a pleasure thank you. >> thank you. neil: as i said the president at

2:00 before he meets with members of the house ways and means committee on another tax cut rollout here, or at least the hope to get one done he's going to detail in some of these concerns that have come up from a lot of people on this show and other shows, across the planet that he caved and that he was by vladimir putin, obviously he does not believe that. he's going to make the case, it's not the case, after this. what about him? let'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.

>> i think we'd like to get secretary pompeo to come up and tell us sort of what the plan is i think we need a read out on if there is any agreement. i don't mind meeting with our adversaries. russia is definitely an adversary but i want to make sure we're being informed as to what any potential agreements were made and whether or not we think it makes sense. neil: all right that's lindsay graham's way of saying secretary

of state mike pompeo, i think we should chat, in fact, with the whole committee. the president is going to detail a little bit more about some of this criticism he's been receiving for his performance with vladimir putin that's coming up in about half an hour. new york republican congressman lee zeldin with us. are you surprised by the outcry that the president is getting? >> i'm not surprised by anything any more quite honestly , neil, with regards to this. the fact is when the president was staying there with vladimir putin, it is important to stand with our intel community and to send a strong message to putin and the rest of the world to stay thousands of miles away from american elections. as far as the people who are going so far as to immediately react by john brennan, the high crimes and misdemeanors and the president should be brought up for treason and some of the histeria i've seen beyond that that also has been a bit much but at that press conference and at the meeting i would say it's

really important to stand 100% shoulder to shoulder with their own intel community and law enforcement community. neil: but he didn't do that, congressman. he didn't do that at all. >> no that's my point. neil: so you wish he wouldn't? >> yeah, no that's very important, that that moment i think that is why people are upset who are even strong supporters of president trump, and that's why there's been a lot of focus on the question-and-answer part, what is unfortunate is that there are a whole lot of other topics that were brought up at the meeting and also brought up at the press conference that we're not talking about that this is over shadowed but for there to be a dialogue as it relates to syria, north korea nuclear proliferation, the treaty schedule to expire, the counter terror mission all of that there needs to be a dialogue with this other nation which we happen to have the two largest nuclear arsenals as you know in the entire world by far so having dialogue is key, pursuing

progress is key and unfortunately all of that has been overshadowed with the important point that we must make a stronger send a stronger message to vladimir putin the rest of the world not to ever mess around with american elections. neil: all right but if you were to make such a comment now and he's going to be thousands of miles from vladimir putin when he does, isn't vladimir putin going to smack his head and say well, where was the tough guy yesterday? >> no, i don't think that the president needs to be can't addicting himself. neil: well if he did what you recommended he would be contradicting himself. >> and i think it's going to be important for the president to have to stand shoulder to shoulder with our intel communities and to send that message. now the president has a style, friend or foe, when he is at the lecturn, standing next to him after these bilateral and larger meetings. he doesn't spend that time punch

ing the person next to him in the face. that's just his style, but that obviously comes back and bit him as it relates to the interaction neil: what do you think of that style though? it's one thing to say about someone behind their back or when you're not with them, than when you're with them you're very different. i guess it's human nature and all but i don't know then the real donald trump. >> well i also don't know what was said between the two behind closed doors. i wish i'd be able to tell you whether or not behind closed doors he was softer than what we saw at the press conference. i wish i would know, would be able to know whether he was tougher behind closed doors. neil: all right, we're going to say goodbye to you and then trash you when we go to a commercial break. are you okay with that? >> no absolutely not, neil. neil: just joking, congressman thank you very much. very good having you. >> you too. neil: and to the congressman as well we don't know what was said behind closed doors and we don't know if they just agreed to

disagree and leave it at that. we just know the fallout for the world was one of like what? more after this. and now for the rings. (♪) i'm a four-year-old ring bearer with a bad habit of swallowing stuff. still won't eat my broccoli, though. and if you don't have the right overage, you could be paying for that pricey love band yourself. so get an allstate agent, and be better protected from mayhem. like me. can a ring bearer get a snack around here? ♪ hawaii is in the middle of the pacific ocean. we're the most isolated population on the planet. ♪ hawaii is the first state in the u.s. to have 100% renewable energy goal. we're a very small electric utility. but, if we don't make this move we're going to have changes in our environment, and have a negative impact

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neil: all right, the fang stocks they're getting a race to new highs here now netflix is not so lucky. we're revisiting lows of the day here but that was disappointment after only adding 5 million additional subscribers we'll get into that in a second but amazon keeps going higher and higher every time this puppy goes up obviously you've added to the wealth, right now jeff bezos who going into the day was worth in excess of $150 billion. that is deirdre bolton kind of money. she is live at whole foods in new york city. >> [laughter] a lot of extra zeros there. neil: a lot of extra. this prime buying day how is it going? >> so it's going great, neil. prime actually is the longest

its ever been this year this is the fourth year that amazon has done prime day and it's actually six hours longer this year than it was last year and when it got kicked off yesterday actually some gremlins in the system which is kind of embarrassing for a tech company but even in the first three hours where customers were trying to check out and pay for things which is worse case scenario, you're a retailer and couldn't check out amazon still sales, neil 54% higher in those three hours with glitches than they were during amazon prime day last year, so i'm standing as you can see in front of whole foods as you know , amazon bought whole foods last year for $13.5 billion so amazon wants to do with groceries what it has already done for books, movies, household items, personal items, some people do a lot of shopping there so they are offering deals to try to get amazon prime users to use whole foods a little bit more so if you're an amazon prime holder you go into whole

foods today you get $10 off and you get a coupon to spend another $10 off at any future date. some of the deals that they're offering today only, strawberr ies 16-ounce containers two for $5, bone less chicken breasts, they have coffee, buy one get one free so offering a lot of deals it's about a million items, so some of which are grocery, and then some of which we would think of with amazon like the amazon echo dot. that was actually the number one seller last year, also fire stick tv, so amazon really trying to up the ante, and not surprisingly, neil as a result, other retailers are feeling the heat feeling bezos move that needle so for example, target on all of its websites are offering 30% off a lot of selected items including google, smart home devices. so also jc penney is doing a cyber in july which is happening right now. you have macy's doing black friday in july so all of these retailers are trying to move in

response to amazon. you mentioned jeff bezos, the founder and ceo his personal wealth. he's made even just looking at the stock today upwards of $50 billion this year alone. he's now the world's richest man upwards of 150 billion so he's out pacing bill gates, the founder of microsoft out pacing warren buffett out pacing facebook's mark zuckerberg a lot of criticism sometimes for him saying how come you're not giving your money away like other dignitaries and business leaders are doing but he's building infrastructure in space and the argument seems to be neil it takes a lot of money. back to you. neil: yeah and giving discounts on icelandic cod fillets doesn't come cheap. all right thank you very much, deirdre bolton she's on the latest following up at a whole foods store. social media executives are going to have to do a whole lot of explaining over censorship adam shapiro following that.

adam: this is a hearing from the house judiciary committee in which representatives from google, facebook and twitter were answering questions about one how do they remove content that might be considered offensive or troubling and face political news and also we got into a partisan dispute because the democrats were going after president trump and what some makers called the disgusting press conference yesterday, but what the social media executives said was for instance facebook, that they're much better at removing fake accounts that they're using human and technical safeguards to do that and they've removed tens of thousands of accounts before the french and german elections last year and are doing that this year but then republicans on the committee pointed out that just recently google if you search toward the gop in california it took you to a wikipedia link that referred to the republicans as nazis. here is what google said about that. >> in the case of the

california republican party, you're correct that wikipedia was banned alive. we have protections in place to protect our services from showing information that's shared across the web pursuant to that kind of vandalism. unfortunately our systems didn't catch it in time but we did fix it as soon as we are on notice and apologize to the california republican party. adam: so which raised the question should people or entities like the republican party or individuals have the ability to sue social media sites the way you can sue a newspaper for defamation. that doesn't exist under the law , but then the questions, for instance of twitter. what are you doing to combat, for instance, russian trolls and bots that might try to influence political elections. here is what twitter said. >> we now have 9.9 million accounts every week and challenge them because of suspicious behavior, that's up 299% in one year. adam: so they're going to continue but that's pretty much

where they're going and considering whether or not the law should be changed, neil? neil: thank you adam very very much. by the way the 89th annual all-star game is tonight in washington d.c. normally, i say big deal, then my staff say neil, you do realize fox is carrying this and i said well! connell mcshane following all these developments in fact he is there, connell? connell: how's it going, neil? this is actually a very exciting event that major league baseball puts on every year and a chance to take a break from the bump and grind of a long season and show off their best and brightest and biggest stars. a couple years ago if you remember this they made it matter like if you won the all-star game your league did the team that represented the league of the world series had home field advantage but anyway they scrapped that a couple years back it's back to being exhibition so sort of all for fun but a lot of people don't know there's actually money on the line we'll show it to you and what they do is pool $640,000 total and then the

winning team, they share that, so it works out to like 20 grand a player pocket change for some of these guys but the perks if you make the team as many player s have for multiple years, you get a thousand dollar stipen d, six tickets to the game , first class airfare for yourself and three people so these could have been incentives neil back in your little league days to get yourself down to an all-star game so that's the kind of thing they're dealing with and they're doing it here in washington first time in many years they've done it and a lot of fun at the home run derby because one of the hometown favorites bryce harper won the derby and he has a lot of money on the line in the off season. a free agent, only 26 years old one of the better hitters in the game and the speculation is he could end up making somewhere between over 10 years maybe 250 or close to $400 million, bryce harper, so he had a big night last night. tonight his teammate starts on the mound for the national league team and we're about to go in and we'll be on the field for the rest of the day after this report but let me show you

nationals park as we're just outside the center field wall the all-star game in washington for the first time since 1969 the washington senators the last time they held it here as we pan a little bit to the left you'll see our friends from fox sports have their whole tv setup we're ready for a rain storm it's hot, humid, muggy washington days we're hoping for the best come game time avoid the thunderstorms and looking into what is actually a beautiful park, nationals park in washington d.c. so they pretty much got it all setup you have the biggest stars in the game, mike trout, bryce harper and all these guys ready to go on fox tonight after 8:00 in the evening. by the way later today we'll talk to the big stars in the pre -game show including alex rodriguez we look forward to that. neil: and brett kavanaugh is going to be there the supreme court pick by donald trump right >> i saw that well its been widely reported a big nationals fan and apparently spent a lot of money back in the day on nationals tickets but i'm sure washington as it is won't be the

only political in attendance but maybe a chance to take a break from politics which we could all use. neil: that would be nice thank you very very much my friend connell mcshane for the big all-star game tonight and it's on fox so there you go. we'll have more after this including a preview of what the president might be saying in 15 minutes on that putin summit. stay with us. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. gentlemen, i have just received word! the louisiana purchase, is complete! instant purchase notifications from capital one . technology this helpful... could make history. what's in your wallet? 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.

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neil: all right the president is going to be meeting with house ways and means committee members or at least chief members here so talking tax reform but obviously he scheduled time at the start of that meeting to address this controversy with his performance with vladimir putin in helsinki finland. let's get the read, we should get the read from the weekly standard executive editor fred barnes, washington examiner emily jashinsky and hoover institution fellow lonnie chen. fred, obviously he's concerned enough to let the press know i'm going to talk about this because i've been getting a lot of heat on this. what do you think he should say? >> there are two things he should say but there are things he'll never say. one of them is "i'm sorry" and he never apologizes you know, shows weakness, or say"i was wrong." that shows weakness too, so i don't think he can say anything

today that's going to get rid of this huge controversy and get him out of what i think is the low point in his presidency. neil: emily we're told that he wants to relay things that maybe you're not aware of you're looking at the president at that joint press or maybe that's what he's planning, what do you think >> i think that's entirely possible that we get insight into what happened behind closed doors from the presidents telling of it and i think he will defend his performance. one thing he can say is i wouldn't rule out that he cops out and affirms, he's flirted with this before but affirms that russia definitively meddled in our election, because that's the conclusion of republicans and the intelligence community. there's consensus to a large degree that that actually happened so if he can come out today and affirm it he can settle some of the dust but it's going to be tough to walk back what already played out

yesterday. neil: lonnie, i know you're a former romney campaign policy director was critical of the president's performance in helsinki. i didn't rub it in but he's among many republicans, what are the effect within the party? >> well, i think the challenge here, neil, fundamentally is that you've got a number of republicans who are saying that the performance yesterday was ab ismol, but they recognize that the president's incredibly popular with the republican base and going into a mid-term election the one thing you absolutely cannot have is a de- motivated political base and so they're really stuck between criticizing the president rightfully so i think for his performance at the press conference yesterday and the need really to cater to the base in an election year. neil: fred when i see largely conservative media like the wall street journal calling it a personal national embarrassment, you do have to wonder the

president tries to get ahead of this but how can he now, or i think that's what's making, one thing to hear democrats criticize him, and many of the mainstream media criticize him but i think what's not sitting well is he thought he did okay at least as it was led to believe and he's stunned at the reaction he's getting. >> well so far, he's defending it saying as he said in that tweet today that we did well in the nato meeting, but it was even better. neil: right, right. >> in the meeting. neil: which defies all logic in reality. >> it does, look it's hard for the president, you know what he usually does is starts in the morning, changes the subject. he's pretty good at changing the

subject and blotting out anybody else who wants to say anything, so who knows, back to immigration perhaps. neil: well you mentioned immigration. emily the president does have a history of not acknowledging a mistake and on immigration and the separation of these kids and their parents. he did, so i'm wondering if you pivot on an issue like this how do you do so or acknowledge it? >> yeah and you could look back to charlottesville as well that's almost a similar circumstance but it's interesting because this is the russia investigation and he has a really hard time with this one in particular and for some understandable reasons, even though i don't always appreciate it, but i'm actually surprised that he's coming out and doing this we'll see what actually happens just because i don't think his base cares. i think we watched that play out yesterday. neil: you're right. >> certainly you could have conservative media weighing in saying it was an embarrassment but if you looked to mid-term elections this is a non-issue. neil: i have to wonder about that, help me with this the base

is very loyal to him and they stick with him and god knows a heard from a few of them yesterday but i will say this, that that base i would also get concerned about vladimir putin just looking arrogant and feeling that he could do whatever he wants so it is a little bit of a battle isn't it? >> it is but it's unclear to me how much foreign policy in this situation really drives the republican electorate for that matter and the president would i think do well to distinguish the elements of the russia investigation that involved this alleged collusion of which i agree with him. there's been no evidence of, from the piece relating to russian meddling, which quite obviously both republicans and democrats have agreed happened, and getting tough on russia i think would benefit him even with his base, so i think there's a play here politically for the president to get out ahead of it and say look, we don't like what the russians did we're not going to let it go and

we're not going to stand for it. neil: i think mitt romney how impressive he was about the russian issue and the 70s foreign policy coming back it was a real threat then and it's a real threat now. >> and the threat, who is the person whose identified with the threat, his name is vladimir putin. you can't just turnaround and say the russians have been acting badly. there's a guy in charge you have to take him on i think that's the most important thing you can do. i think his base will love that and his credit will have to back off a little. neil: we'll see. this could potentially pass but we'll see what he says. thank you very much and i apologize we're going to focus on the economy but i thought just getting a read from these guys what the president should say what he might say is valuable the dow is up 71 points a little more after this.

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neil: all right, in about a minute or so the president willing talking not only with members congress but some of the key members about the house ways and means committee, including it is chairman kevin brady ostensibly to sort of rejig ear tax cut in some way, shape or form before the end of the year. that might be ambitious. before that the president will address some concerns about his performance with vladmir putin in finland yesterday. so some remarks on his way, he thought the meeting was very, very successful. he said they accomplished a lot of stuff that didn't get covered in media. how much he hes back or adds, many in the intelligence community, said, lindsey graham,

you have to be very careful with this stuff, mr. president. others going so far to say he threw us under the bus of the he will probably look at all of that, talk about a trip he says and believes was a success. trish regan taking us through the next hour. trish: it is really too bad. it may indeed have been a success but when you basically put down -- we've been through it all already, neil. neil: i didn't help himself. trish: yeah, he didn't help himself. minutes from now the president is going to address the media as he faces all this backlash over yesterday's meeting with vladmir putin. all of this coming as the president huddles with republican members of congress in a effort to plan a second round of tax cuts for the middle class. that is a little good news we could have coming. i'm trish regan. welcome, everyone, to "the intelligence report." ♪