have done well this year. liz: freight to have you. you have half a billion in assets at burke financial. grow your clients. it is a record close for the nasdaq. [closing bell rings] highest close for s&p 500 since february that will do it for the claman countdown. i will see you tomorrow. >> stocks climbing the today. dow ending day up 57 points. worth noting we hit session highs just after president trump clarified his comments on russia meddling in the 2016 election. we'll have all the details for you in just a moment. it is green for the s&p 500 and the nasdaq is closing at new record high. its 90th under president trump. i'm susan li here for melissa francis. >> thank you, susan. thanks for watching "after the bell." i'm david asman. we have big market movers but here is what else we're covering for you at this very busy hour. big news from the white house

the past hour. president trump looking to set the record straight exactly what he said yesterday in helsinki, and what he meant to say during his summit with vladmir putin. will this put out a firestorm of criticism. or will his critics find something in thinks correction to keep the fire burning. those comments not meant to overshadow beginning of a key meeting with lawmakers from the house ways and means committee, focusing on your wallet. crafting a new round of tax cuts before the election in november. ohio congressman jim renacci ran over from the white house meeting. he is going to join us with the details of the plan and what was said with the president behind closed doors. >> let's get back to the markets. the dow closing in positive territory for fourth session in a row. phil flynn watching action from the floor on gold and nicole petallides from floor of new york stock exchange. nicole, to you first. >> the dow is up 57 points. with the dow, nasdaq and s&p,

and nasdaq all-time high, we continue upward trend last three or four days. mostly winners, with johnson & johnson and dupont and united technologies leading the way. what is interesting about tech after the bell we were focusing on netflix number. we didn't see subscriber growth and add-ons they aren'ted for this quarter and going forward, that spooked investors. the stock closed the prior day at 400 bucks, dropped more than $50 in netflix. that changed tech titans. facebook, alphabet, google managed to move higher, they are all at records, hit all-time highs throughout the day, amazon, facebook, google, microsoft. when we feature netflix. is came off the lows of the day but still down 21 bucks. so worries are there. most still think it's a great growth story going forward. we had late-breaking news on

twitter according to the associated press. first of all in may and june, they acknowledged they shut down 70 million accounts. this is all to get rid of suspicious accounts, those with malware, anything like that. the associated press they had seen information that 58 million accounts were shut down in the fourth quarter. quickly look at goldman sachs. beat on the numbers. david solomon coming in as new ceo october 1st. stock down 24 cents. back to you. >> nicole, thank you so much. gold ending down ending a little over 25 cents an ounce. gold is going lower. where is it going? >> the dollar is strong. the stock market is strong. nobody wants to own gold right now. why be in a safe haven when stocks are doing really good and fed not really that worried about inflation today. jerome powell did not do any favors to gold today. no input on direction of

interest rates. not a big deal. real big story was comeback in crude oil. crude oil looked like it would get crushed all day today, but it came back dramatically today. edged higher on expiration of the august contract. people said, guess what, all the crude promised is not here yet. pack to you. >> phil, thank you so much. david: the economy in focus on capitol hill. fed chair jerome powell testifying on capitol hill with major hints on the outlook of the economy as phil mentioned inflation. let's go to edward lawrence watching all this. hi, edward? reporter: hi, david. fed chair jerome powell said interest rate risk is balanced by strong economic numbers. this report he gave to the banking committee that inflation is just over 2% but core inflation is at 2% for the 12 months that it was ending in may. now over the past, he does believe that there is moderate

wage growth happening without a spike in inflation. the members or senators in this room say for them the big concern is that tariff tit-for-tat. >> really there is no precedent for this kind of broad trade discussions in my adult life, where i haven't seen essentially all of our major trading partners don't know how that cops out. if it results in lower tariffs for everyone that would be a good thing for the economy. if it results in broader, higher tariffs across broad range of goods and services remain that way for longer period of time, that will be bad for our economy and other economies too. reporter: when pressed the fed chairman said prolonged trade tariffs could affect future wage growth and our standard of living. >> so in other words, isn't all this trade uncertainty a threat to wage growth? >> it may well be we don't hear the numbers yet. we heard a rise chorus of concern which speaks of capital

ex plans being put off. reporter: talk of companies putting off expansions or making capital invests but we're not seeing it seep into the economic numbers. david? david: he ward, thank you very much. >> let's get reaction, danielle dimartino booth, gary kaltbaum, fox news contributor. start with you, danielle. some say the fed is not on autopilot. what do you think about two interest rate increases this year? >> i think jerome powell plans on pushing two more rate increase this is year but he did add the first words of conditionality before the senate banking committee, that was, for now. we up until this point to your words, we have been on autopilot, anticipating a fed rate hike every three months, like you know, just in lockstep formation as they were done years ago under alan greenspan but today he said, for now. as former fed insider when you

start to introduce conditionality into the rate tightening path that means that he may be thinking of. he is not at first time to when the first time the fed might think of pausing in this tightening campaign, susan. you have to pay attention to the nuances with these testimonies. >> something we call keeping powder dry. gary? >> look, we still have easy money and everything is based on what the markets do and the economy. just keep in mind, i've been ais aing this forever, regardless what we do, europe and japan still have negative rates and they're still printing money. you have easy money around the globe backstopping the economy and markets. and as long as that continues everything is a-okay. let me be clear, if we do get a bad market, the economy heads south, i expect powell to stop everything in its track and lower rate before you can say

boo. >> what do we do to take advantage of conditionality? prolonged tariffs in into i think prolonged tariffs will produce the worst. he gave first media interview. prolonged tariffs produce slowing economic growth and still rising inflation. we call stating nation. that is the central bankers worst nightmare. we haven't seen it for decade. continuation of what we saw in new york's fed report saw capital expenditure expectations had been declining and he nodded to that in his testimony today. i think if he was to see continued evidence, philly fed is out this thursday of declines in capital expenditures plans he would start to ratchet back plans. >> one or two? gary, one or two more this year? >> i'm pretty sure there is going to be at least two unless something happens. with the tariffs, they're really small. yes they affect farmers in certain companies and

industries. unless we get 200 billion in tariffs, still a couple months away, i'm not so worried about it. if we get to that, there will be heck to pay. economy will slow down and fed will slow down also. >> guys, always a pleasure, thank you so much. david: this could speed up the economy, phase two of tax reform. president trump meeting with members of the house ways and means committee in the house. kristina partsinevelos is live on capitol hill with the latest. before the meeting started the president tried to clean things up on russia. >> he came off the plane. tried to figure what all the fuss was b he went through the transcript and his wording was a little bit off, he actually meant to say i don't think there is a reason it would not be russia. so he was missing the word not in his double-negative sentence. that is what he said. he made he had 2 1/2 hour meeting with putin t went really

well. they discussed -- he also said and acknowledged that the yes, the russians did meddle in the u.s. elections but there has been no collusion. he did preface no collusion. he said several times he has full faith and strongest respect for the american intelligence agencies. that was his take on it. there is some other arguments aing he is still not acknowledging those 12 russian hackers. that is whole another story. get to tax reforms because they're probably finishing up the meeting right now, the president and several republicans meeting behind closed doors to talk about tax reform 2.0. what does that consist of? we know first set of tax cuts focused on individuals and corporate tax rate. corporate tax rate went from 35% to 21%. the president recently alluded to dropping it even further to 20%. they talked about the individual tax rates. let's say you make anywhere between 38,000 to 75,000.

you saw your tax rate drop from 25% to 22%. so that is benefiting the middle income class bracket, but those that are a little bit wealthier, say you make half a million dollars, you saw your tax bracket or tax cuts drop from 39.6%, to 37%. it benefited vast majority of americans. kevin brady is the chairman of the tax-writing committee. he spoke moments before entering the meeting which they're still in right now. listen to what he had to say. >> today is about how we can strengthen america's economy even more and we think the best place to start is move america's middle-class families and our small businesses. so today we're here to talk to you about making permanent the tax relief. reporter: not only permanent but he wants to focus on changing 401(k) plans to improve retirement savings programs within small businesses. we'll most likelier hear about

that very soon. back to you. david: not soon enough for a lot of people. here is jim renacci, house ways and means committee member. he was at that tax committee meeting with president trump. frankly i care a lot more about that than what the president started to talk about, i have to ask you, was the message about tax cuts plan two overshadowed by the russia thing? into well, no, look the president made a mistake. he admitted it. talked about what he believed with our intelligence system. he started talking about tax 2.0. that was the gist of the meeting. we talked a lot about making sure middle americans have the tax break. permanency was a big issue. avenues was a big issue. a lot of people back home in ohio where i'm from are seeing more money in their pocketbooks. we're saying they have more opportunities to save it, put it in savings accounts, 401(k)s, all those type of things. in the end it is about keeping your own money and make sure you

have enough money for yourself and your family going forward. david: congressman, you're unusual in congress. first you're a former business person. a lot of people don't know about business. you are a cpa, so you understand about money. looking at budgets of folks inside the beltway they don't understand about money. when you look at those go things, you see how business taking off since the first tax cuts, what do you think from purely economic cpa standpoint do you think with tax cut plan two? >> i think in the end what we've got to do is not wait 35 years to stay competitive that is the key. we waited too long, we let other countries be more competitive. david: if i can force your hand, will we have the same kind of boom we've had in the past six or seven months with plan number two, or has that already been worked into the economy? >> no i think we continue to have that. in the end businesses see more

money in their pockets so they can grow and expand, add more employees. we're starting this process. this is the first year. i was in business as you said 28 years. i knew what it was like every quarter to write the federal deposit check. now when i travel ohio they say we'll expand, we'll grow, we're looking into the future. we want to double our size. this will not just happen this year but next year and years going forward. that is why the tax cut 1.0 was so important and 2.0 makes it permanent for a lot of middle income americans. david: hopefully some of the top rates come down a little more too. let me ask you about timing. we heard chairman brady say that he wants to have a plan put together by september. maybe paul ryan could put it to a vote by then but is there anybody from the other aisle, just a month or two before the election, who would vote for something that might somehow benefit the republican party? >> well look, when i travel the

state of ohio this isn't benefiting republican party. it is benefiting individual taxpayers and individuals back home in ohio as they see more money in their pocket. now they can have certainty and predictability. this is not issue about republicans or democrats. david: congressman, i understand very well but the fact is, there is an election and democrats have made it clear that they're not going to be persuaded by any argument that i have heard anyway coming from the republicans on taxes. do you know of any democrat who would vote in favor of further tax cut? >> well, look, the democrats didn't vote for the first one. david: right. >> probably not going to vote for the second one. in the end american people judge this whether it is election day. face it, elections have consequences. we moved pretty forward. people back in ohio are happy with the money they're getting back because of tax reform. they will be happy again in november if they see us continue to move forward and adjust so the working man and woman can have a little more money in

their pocket. david: at least voters will have a chance to see who is in favor of tax cuts and who is not. that might be a maker or breaker for a lot of people. congressman, thanks for being here. >> thank you. david: susan. >> money for nothing. he will know known for financial mismanagement but some lawmakers in chicago are considering giving the city's money away. a program they could seen be testing. david: comments in recent interview that america was not founded on capitalism and calling israel a occupation force in the palestinian territories. more on her comments and fallout coming up. >> president responding to harsh criticism of his summit with vladmir putin. we'll play you more of the comments that he made this afternoon. arizona congressman andy biggs joins us with his take next. >> getting along with russia would be a good thing. getting along with china would be a good thing.

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david: president trump attempting to clear up some remarks that caused a beltway backlash after yesterday's summit with russian president vladmir putin. take a listen. >> in a key sentence in my remarks i said the word, would, instead of wouldn't. the sentence should have been, i don't see any reason why i wouldn't, or why it wouldn't be russia. so, just to repeat it, insaid the word would, instead of wouldn't. the sentence should have been, and i thought it would maybe a little bit unclear on the transcript or unclear on the actual video, the sentence should have been, i don't see

any reason why it wouldn't be russia. david: here now to react, arizona congressman andy biggs, member of house judiciary committee and house freedom caucus. congressman, i'm willing to bet awe dinner, week of dinners, a lot of democrats who will not accept that. oh, come on, you want us -- what do you think will be the reaction from inside the beltway about what the president said? >> i'm not going to take your bet because i think you're right. i think a lot of people will say that is just an after thought but reality is, he has been fairly consistent in two points on this, number one, russia did interfere with the election and i think what happens is, it gets conflated a lot of time, i think he is always hitting at there was no, he always says collusion. there is no such thing in collusion in my mind, it is conspiracy. there was no conspiracy between his campaign and russian interference. >> right. >> i think sometimes that gets

conflated. david: also you have to think about timing. again, i don't want to make any excuses for the president. he is responsible for what he said but at same point, even though as rod rosenstein came out on friday and announced indictment of the russians on tampering with the election, it came from robert mueller's office, that is where the indictment originally came from, a referral from the department of justice from robert mueller. i don't think the president was anxious to credit robert mueller, a guy who has been after the president's scalp over a year? >> i think you're exactly right. that is a point i don't think people really made light of. in reality the timing of that to me was really suspect. you've got 12 people or so indicted that are all russian citizens and how are we even going to get them over here. so i think that's a problem. i also think the nature of the question overshadowed really what took place in a very important summit, trying to, at least find some points of

commonalty and that is what this should be about, substance of the summit and not kind of a verbal blunder if you will. david: before we leave timing, you bring up an interesting point. do you think rod rosenstein himself, he could have chosen after the summit to come out with the thing on the russians. do you think he was trying to force the president's hand in the way he was dealing with russia? into i absolutely do because, he could simply have issued a press release. he didn't have to have a full-blown press conference, roll this out there a couple days before knows the president is having very important summit. i think he should have waited. those indictments could wait. there is not going to be an extradition necessarily anyway. he should have waited until the president completed his summit. that would have been wiser. david: you were a member of the freedom caucus. i understand the freedom caucus believes rod rosenstein involved in threatening them. can you explain?

>> what happened the house intelligence committee, some of the staffers indicated that mr. rosenstein gave a threat he might investigate them because the staff was pushing very hard as we wanted as intel committee wanted for them to comply with subpoenas. we've requested documents, some almost a year old and they haven't complied and so when the press was made in a room in a meeting, the deputy attorney general rod rosenstein basically indicated that he might investigate them or look into their phone records. that is what we want to find out. david: congressman, very quickly, they're giving me a wrap, mr. mueller, there is a lot of investigations the way he is running his investigation, his hires, his budget, about peter strzok, whether or not peter strzok was not told, peter strzok claims he wasn't told why he was left off the mueller commission but a lot of people find that hard to believe, time to put mr. mueller on the stand,

ask him some questions? >> i think it is just about time. i think that's why we need a second special counsel to look at investigators because this has been really irregular. david: congressman biggs, thanks. great to see you. susan: a change coming to your 401(k). how a new bill in congress could impact your retirement savings. we have details for you coming up. plus prime day continues. website glitches taking amazon's big day off to a rocky start but the subpoena says it is already breaking records. more after this. ♪ a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪

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susan: primed, ready for action. amazon closing at an all-time high today, its fifth record in a row as prime day wraps up. we till have a few hours to go. deirdre bolton, what have i been

buying? reporter: not doing shopping myself but this is a huge day for amazon, it is starting to rival black friday. yesterday 3:00 p.m. some glitches you alluded to. even in the glitch hours, three of them to be precise, amazon or analysts talking about amazon say 56% more spending happened. it does run midnight eastern time. this is amazon's fourth consecutive prime day. its longest. 36 hours more than last year. prime members can get deals on more than one million items including items at whole foods, the grocery chain it bought last year for 13 1/2 billion dollars. some of these deals buy one, get one free coffee or frozen cod. discounts as well. they're promoting to us, fashion, furniture, appliances and double deals, sounds like a

game show, on devices like echo or fire tv stick. the echo dot was the most sold item worldwide. in response to amazon's prime day other retailers like target offering discounts of 30% target exclusive home brands, baby gear, personal products. staples, best buy and bed, bath & beyond will price match amazon people day deals. jcpenney is holding a three-day promotion, called cyber in july. macy's is holding a black friday promotion, 25% off most of its sites. shows you the amazon retail presence is 800-pound gorilla in the room. it made founder jeff bezos very rich. as of yesterday he is the richest person in the world. the stock is up 57% this year. that put more than $50 billion in his pocket alone. his net worth is now 150 billion.

some other billionaires you're looking at right now on your screen, they have also started giving away their money in philanthropic organizations, bill gates, warren buffett, taking a giving pledge, mark zuckerberg. some criticize bezos for not quite yet finding his cause. with blue origin, some people close to him says that is his cause. he wants to build infrastructure in space. that takes time and money. susan: thank you, deirdre. david: earnings news. shares of united continental higher after hours. traffic up 6.4%. a lot of people flying. united says the profit is rising despite all the surging jet fuel costs. the company citing full-year guidance that exceeded expectations. so a good year for united. susan: yeah. not an expert. socialist darling of the democratic party under fire now for her comments that she made

about israel. the fallout coming your way. david: uh-oh. free cash for everybody! the latest city to consider a universal basic income program. does this make any sense? ♪

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>> it is not just money that a job provides. it provides dignity and structure and a sense of place. [applause] and a sense of purpose. and so we're going to have to consider new ways of thinking about these problems like a universal income, review of our work week, how we retrain our young people. david: thought we tried all that? former president barack obama signaling support for a universal income plan in south africa today and now chicago is looking at one plan that would provide 1000 families with a $500 monthly stipend, no question asked. here is chicago resident scott martin, kingsview asset management chief investment officer. it will happen -- what bothers me most about this, scott, as former newspaper editor, it is misnomer. income is when you get paid for work that you do. this is a gimme.

work has no part of this. >> david, yeah, they might want to change the i to an h, universal basic handout. you're right, income is something earned. i agree with some of former president obama's sentiments, as far as yes, we do want families to be comfortable and to be able to put food on the table and have dignity and wherewithal to go out, feel like they want to get a job, have capability to do so, gosh, david, doesn't it come other ways? via training, job opportunities, trade schools. things folks could be stimulated to go out to do on their own. david: scott, you mentioned the word dignity, that is very apt word to use. work provides more than money. it provides dignity. you go out and work every day, gives you a sense of purpose in life. >> that it does, david. you talk to anybody who has a job, had a job or anybody looking for a job. by the way this is interesting time, when the bls reports, we

have more jobs out there than can be filled by people actively looking because they're not skilled. instead of going out to people, hey, you're having tough times, here is free cash to make you feel better, hand out a little bit of money, or ticket or pass to get some training to fill those jobs that are empty? david: scott, i don't want to dump on former president obama because i'm going to, because the point his timing is terrible. not only reminds me, when he came in the midst of a terrible recession, he was handed a bad deck of cards but the point is during a recession you don't raise taxes, you don't increase regulations, you lower both of them to stimulate the economy. he did exactly the opposite. his timing on economic issues seems to be 180 degrees off? >> yeah, which begs the question, david, if you're going to throw out these handouts now, when there is recession, what will you do, extend that to more people, double the amount? they haven't talked about how to

pay for this. in chicago, state of illinois, they have tons of pension problems. special assessment, property issues, state income tax going up. if you're talking about leveling this on folks like mes and working class, and companies, you want jobs to come here, i'm not so sure a way to encourage them. david: i will put you down as in favor of universal income, right? >> thinking about it, there has to abettor way. david: scott martin, good to see you. susan. susan: talk about retirement. there could be changes coming to retirement savings, biggest in more than a decade, republicans looking to include them in their tax reform 2.0 effort, universal savings accounts, encouraging small employers to offer retirement savings programs. making it easier to return workers savings into annual guaranteed income. our next guest says the efforts

could move the needle. he represents four, four of one of these 401(k) sponsors. let's talk about this. there are a lot of ideas on the table. i wonder what you think is best? >> thanks for having me today. i appreciate the opportunity. i'm here with good news that congress is able first time in a long time, probably a decade, consider legislation that could make it easier for common middle class families to save for retirement. they're considering a bill right now in both senate and house called the retirement enhancement savings act would do a few really positive things for both employers and workers. susan: yes. but we're looking for a bipartisan vote to get some of these things through. not everyone thinks they will get some of these initiatives. what do you think is probably most likely at this point? >> fortunately that bill is bipartisan. has over 55 cosponsors, republicans and democrats in the senate, sponsored by orrin hatch

of utah, chairman of the finance committee and democrat ranking member wyden. it has very strong business community support and support from other stakeholders. importantly what the bill would do, i think this is critical, it would make it easier for your employer to offer you a 401(k) by allowing small employers to pool their resources and reduce costs taking advantage of economies of scale. susan: you know, is it baffling to you, from what i see, 21% of americans say they have no retirement savings? these new rules in the tax reform 2.0 going to help more save for retirement? >> that is absolutely the point. i think that's the hope, right? the millions of people every year benefit from the private retirement savings system, 401(k) system. millions of people are able to provide themselves with secure retirement but there is a lot more we can do. we need to build on success. with some of the new rules, you will be able, for example,

likely have a 401(k) plan is the best way for americans to save for retirement. importantly, they will help facilitate employers who want to provide guaranteed retirement options in the 401(k). if you want an investment you can't outlive, last your whole lifetime, it will make it easier for employers to facilitate that. susan: michael, thank you for your time. >> thank you. david: biggest names in major league basketball. time for the mid-summer classic. can you believe we're already there. we're there for the national park, inside the beltway. it is raining hard today. hopefully the rain will be gone by the evening. we have a preview coming up. ♪ but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio-

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susan: yes the biggest stars in baseball are all at the 89th annual major league baseball

all-star game. so is our all-star, connell mcshane is at nationals park where spectators are hoping the rain holds off and i'm sure connell is as well. reporter: we are. why we had to move inside of the tunnel of the national league locker room. one of those d.c. thunderstorms came along and flooded things. things are getting cleared up, that they will get the rain in beyond those thunderstorms. if they do, condition rosenthal, a big part of the broadcast on fox broadcast network, talking about the game a short time ago, we were talking about the fact, a few years back the major league baseball experimented with the fact that the winner would matter. they scrapped that. they changed it. asked if it changes the way players treat things. >> it was treated as exhibition.

they tried a little bit harder, but they always viewed it as exhibition. now it's a pure exhibition. that enables them with much more fun with it. reporter: players had a lot of fun. won by hometown boy bryce harper. players look forward to being here? >> yes they do. no question about it. most treat it at tremendous honor. if you're a player don't deserve it get four days off. people said i could use the four days off, the season is quite long. even for nice been here multiple times it is tremendous thrill. reporter: would you think it's a big thrill, even for ken and broadcasters. he and his colleague tom verducci get extra access to walk up to home plate during the game because it is all-star game. as we continue our previews here susan and david, we have interview next hour that everybody watches baseball or pays attention to the world in general, alex rodriguez will join us from here in washington,

d.c. he is in everything now. he has a new business venture. he is part of the fox broadcast. talk to a-rod. david: i'm looking at my iphone here. looks like it will clear up at about 5:30. susan: just in time. david: no more rain. it should be perfect. reporter: we're taking your word for it. blame you if it doesn't work out. should be a fun night. david: connell, great stuff. thank you very much. well the democrats rising star is being caught up in a wave of controversy, several as a matter of fact. new criticism from the right and from the left. why 28-year-old socialist, alexandria ocasio-cortez was forced to admit she is not an expert. ♪

susan: rising democratic socialist star alexandria ocasio-cortez under fire following her controversial comments on the middle east. take a listen. >> what people are starting to see at least in the occupation of palestine is, just an increasing crisis of humanitarian conditions. >> you used the term, the occupation of palestine? what did you mean by that? >> oh, i think, what i meant is like the settlements that are increasing in some of these areas. i am not the expert on geopolitics on this issue. susan: here to react, guyana caldwell, fox news political analyst. giano, are you surprised comments by someone who graduated with a degree on international relations? >> all of us are surprised, especially someone being considered the whiz kid of the progressive left. certainly before she speaks on

topic in some ways complex to a lot of people but you talk about the potential of a two-state solution, israel being recognized in 1948 and palestinian people still fighting for their own identity, i think that is something she would know. so to go on national television and state opinions on multiple issues across the scope, financial, political, whatever, is something you should really be aware of before you start speaking on it, i think. susan: hear your thoughts on the financial part of the argument. >> we look at figures, say, oh, unemployment is low, everything is fine, right? well unemployment is low because everyone has two jobs. right now what we have this no-holds-barred wild west, hyper capitalism. what that means is, profit at any cost. capitalism has not always existed in the world and it will not always exist in the world. susan: some people argued that capitalism is one of the foundations of america. so what do you think of these

comments? >> yeah, again, ill-informed statements, certainly capitalism is something that has existed. talk about trade. we talk about competitive markets. we talk about the fact that individuals, an individual from the south side of chicago, grew up in the projects, started entrepreneurial career at 6 years old, selling hand-made lotion, painted rocks, became a millionaire at age 14. that is capitalism, he found opportunity to create money for himself, became a millionaire at age of 14. that is what this country is about. we shouldn't be in the business of socialism, handout and government control. again, i don't know what they will do with this young lady but certainly i think democrats realize she's making them look bad. susan: let me ask you about the democrats, if she is the great hope for them, what does that mean for the blue wave? >> well, certainly there are some folks on the left that believe she is great hope for

them because they haven't been able to promote someone young as she is, age of 28 in a very long time. they have nancy, they have chuck, they have to the bernie sanders. these are people who are all senior citizens at this point and there has been no one with the potential to ignite the kind of excitement that president obama had, barack obama at the time. this young lady doesn't seem to be it but it is only hope they have to cling to, considering the fact they don't have a message. they have no instances potentially pulling some of these seats from republicans. they will cling on to any and everyone they can might possibly win them some votes. we've seen that time and time again with their messaging. susan: gianno, thank you for your time. fox news political analyst. >> thank you. >> that was definite walk-back. david: people are not dying to get into socialist countries. people are dying to get into capitalist countries, united states first among them. my wife is an immigrant here,

partly pause of the free market system. same with your family. susan: that's right. also very strong economy as well right now. she is saying that people have to work two jobs. that is why the unemployment rate is lower. i believe 6 million jobs to fill. that is more than people looking for jobs at this point. david: been there, done that, tried it, didn't work. move on, folks. sightseeing tour in hawaii turning into a nightmare for passengers. a flying lava bomb crashes through the roof of a tourist boat. the terrifying moments were caught on tape. wait until you see and hear this coming next. ♪ my father passed this truck down to me,

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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? susan: chaos and screams, passengers describes scene as bedlam, a lava bomb, from the kilauea volcano crashes into a

tourist boat off of the island. david: the incredible thing, i saw the video but i never heard from the videos incredible much ther.there were some injuries. >> that does it for us, eveningg edit" starts right now. liz: president clarifying himself with his comments. the answer from expert likely, no, we will explain details coming up. >> t republican new tax cut plan to keep control of congress. also how democrats got it wrong on those tax cuts. we bridge in republican congressman brian babbin to react. >>