tv The Evening Edit FOX Business July 17, 2018 5:00pm-6:01pm EDT
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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. >> and new allegations about
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former fbi lawyer lisa page's testimony behind closed-doors. >> lisa page likely contradicted fbi agent and lover peter strzok. also democra democrats are blasg alexandria ocasio-cortez saying she was fizz out. president obama now talking big time about a big new government hand out program, called universal basic income, that failed in the '70s. thank you for watching, money, politics, we deliver. i'm elizabeth macdonald, the "evening edit" starts right now. liz: tow finished up 55, sending
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day above 25,000, nasdaq hitting all-time highs, amazon hit a record, also netflix rebounding off of the lows after a weak subscriber growth number. but first president trump clarifying his statement about russia interference earlier. we go to edlawrence in lc . >> within past 30 minutes, white house sent a list of accomplishments that president has done, and the way he is standing up to russia as it speaks, there are 30 items on this list, 48 russia diplomats or intelligence officers he kicked out, and closing russia consulates in state of washington also in the area of dc. and talked about increased money and defense they are spending for ukraine. standing up to russia, president reaffirming his confidence in our intelligence agency, president trump also clarifying
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in the news, he misspoke, when he said, he meant to say he does not see any reason why it wouldn't be russia meddling in our election. something he will protect against in future, making a commitment to helping states secure their elections next time, here in congress, many senators republicans and democrat are coming out strongly against russia, saying they tried to meddle in our elections and are continue to try. mitch mcconnell saying we know what you did russia in 2016, you better not do it again. liz: thank you edward. >> listen to what president said today. >> i have full faith and support for america's great intelligence agencies, always have. i have felt very strongly that while russia's actions had no
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impact at all on the outcome of the election, let me be clear in saying that, i said it many times, i accept our intelligence community as conclusion of russia's meddling in the 2016 election took place. now i have to say, i ki came bai said what is going on, i got a cryptranscript that i reviewed,i reviewed a clip of answer they gave. and i realize there is a need for some clarification. it should have been obvious, i thought it would be, but, i would like to clarify just in case it was not. in a key sentence in my remarks, i said the word would, instead of wouldn't. it should have been, i don't see any the reason why it wouldn't be russia.
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liz: reacted to president trump clarifying himself, bill mcgo mcgernyour thoughts. >> i am glad he walked it back. i think some reaction to about what he said has been hi hysterical. you need to take into account his actions and words. what he said is pretty bad, implying that putin is a friend, even theresa may is beyond the pail for, that i am glad me walked it back. i will say i think that white house is right. it is rich to hear some of the criticism from obama people whether they were incredibly weak toward mr. putin. i mean mr. trump has said alarming things in my mine boo crimea -- in my mind about
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crimea and so forth. but he has armed the rebels, this is an odd contradicttion his policy is stronger than his predecessors but his words seem softer. liz: we have a analyst, msnbc, same to pearl harbor. >> president trump has always benefits no matter how outrageous he is, his critics will become unglued and say something worse. what is likely to happen from this is nothing. there will be a week -- >> that is the thor question, the democrats' to keep it alive with midterms and hearings and president told putin, you know dozen of lawmakers watching. >> it will not last. and i think that probably more outrageous things that happen between now and the midterms. but i think that is --
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>> they say that i want to take back the house. >> it is crazy talk it shows no real, agenda, ex soa except we'g to contribute site president trump. this is amazing coming from people who were soft on russia. liz: obama did have sanctions but president trump is going after hard the inner circle. >> they are obviously hurting, it seems every time they might, that seems to be what mr. putin wants to talk about, he probably made it harder to remove the sanctions. >> to the chronology of what happened. indictment of russian officials friday, president was angry about, that. pompeo and bolton saying be tough on russia. he se sees those indictments
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rightfully brought. >> i think they might have been rightfully brought, but it is a political game, they will never be here, i could announce indictments of a thousand people, i am not sure what it would really matter. a lot of people talk about a dozen and this you look at actual indictments where mr. mueller will actually prosecute that is smaller. liz: when i read the indictment it was stunning how much they revealed in the espionage. to me that was just business department saying we got the goods on them. but the mueller probe. how long is it going to last? >> let me go to house republicans, say they had that information in their report, it was redacted about stuff this mr. mueller exposed, they had that already. we know of that. sedge i don'second i don't thiny
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open-ended prosecution is a good idea. i am bias. special count corrupt, it is extra constitution rally. proper vehicle for accountability, the american people via elected representatives and congress, oversight, as ain as a as mazint president has not declassified some of the stuff. liz: that the next step, the president should declassify and give it on american people, special counsels were laurennedn 1979. >> you head justice scalia's blistering and brave decent on independent council law it is very clear in terms of separation of powers. this is kind of passing the buck, this is hard for congress do do this but it is supposed to
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be hard. and congress has not used full powers of contis contism. not just contempt but put someone in jail until they identify or impeach them. liz: you think it is warped with them outsourcing the job. >> we need the proper committee in congress to get the documents and then give the american people the story of what really happened in 2016. liz: great analysis bill, come back soon. >> all right. liz: now, for his view, with me republican texas representative brian babbin, what did you make of the president's clarification today? >> i am glad me did that, i probably would not have said what he said when he gave his interview. i am glad he clarified what he meant.
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i will telling you. i think that the man is doing a great job, he has been effective. i support him. i really do. i think he is brin bringing this country in the right direction for a change. liz: tax cuts 2.0. all about making tax cuts permanent. more retirement 401(k)s, small businesses. >> this is a huge issue for us. americans are enjoying a booming economy, safer communities and stronger military. and all of the democrats can do is a, this is crumbs, as miss pelosi said and want to try to obstruct and distract. they have trump derangement syndrome, that i want to roll all tax cuts back, they said they would do that i think this is what is at stake, stronger communities, safe communities, stronger military and a booming economy. and so i think that american people are not ready to roll
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anything like that back. liz: you know, listen, across the board president has been criticize forward what he said in helsinki he is really getting hit hard. many say rightfully so for that it was asur surreal moment relitigating that. but, getting back to your point, democrats like nancy pelosi call tax cut a deficit exploding g.o.p. tax scam for the rich. democrats saying this about deficit. look at this, federal income tax revenue up 9% in first half of the year, revenues coming in cbo raising forecast to 3.3% up from 2% before tax cut pass, buzz this argument fly? >> you know, this is -- we're going to grow our way out of this problem we have as far as that deficit. this is what we have started doing. and in spite of what the democrats say, 4 million
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americans have a bonus,al move 4 million, or 4 million american jobs created, lower utility rates, it has been a great thing for america, inspite of fact that miss pelosi and the democrats say this is crumbs and just tax cuts for the wealthy. the average american is doing better off and is well today because of this. liz: real median household incomes at all-time highs, and you have obama talking about socialist themes, universal basic income. andemocrat socialist from new york, alexandria ocasio-cortez talking about it is irrelevant. >> he said communism and socialism is a dust pan to history, it has been proven not to work, as margaret thatcher
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said, the problem with socialism, you run out of other people's money, nothing beating thabeatcapitalism, inside of whe despite of what the young lady from new york said. and i think that we have a business man, a common sense fellow in office, in the white house. we have majority of the senate, and the house under the republicans and we'll continue to do these types of things to lift americans up and their standard of living, and all democrats can do is obstruct. talk about open borders. they don't want a secure border, they want to roll back our tax cuts. >> great to see you congressman, come back soon. >> thank you, liz. liz: nicole is on floor of the new york stock exchange with latest. reporter: we saw gains across
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board, dow up 4 a fourth day in a row. tech stocks bounced back, and netflix. we saw highs in amazon, and google and microsoft. netflix down 5%, but off of the lows from the day, roo walmart s considering launching a prescription streaming service, that would compete with netflix, and amazon, it wants to make it cheaper $8 a month, and considering an add supported-free service, but walmart may see opportunities -- >> great to see you. >> president trump, he is talking and tweeting all day long. about the comments in helsinki, he clarified his comments before vladimir putin, and today.
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is that enough for his critics? first was president trump's economic agenda derailed by these comments? experts are saying no, we'll debate that next, coming up. ron! something's going on at schwab. oh really? thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. if his denture can cope with... a steak. luckily for him, he uses super poligrip. it helps give him 65% more chewing power. leaving brad to dig in and enjoy.
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liz: let's get to the guys in power in dc who is really take shots at your wallet, usually watching federal reserve hearings and like asking paint dry, watch democrat attack fed chair powell after testifying that the economy is gunning on 4 cylinders. >> after they flunked, did you give those too big to fail banks a failing grade.
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>> we gave them a conditional non-- >> that not a failing grade. >> they suffered same penalty, limit -- >> in other words, fed looked the other way, you let the banks off? liz: warren talking about bank failing, your eyes may glaze over. they are trying to make hay with this. jonathan hoenig is here and gary b smith. the democrat going after powell for being weak on the banks, your take. >> this is nothing new. democrat are going against the big banks, they did 10 year ago, and 10 years before that. democrats are family against capitalism, it is part of their party platform, i fear how many on right, if you will, republicans now i fila
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adamentinadaptingadaptinganti-t. liz: i agree. it has to be an eat your own heart out moment for democrats with the economic growth powering ahead. cacamouflage is primary color fr them. >> i tell you. i think that real key is for 99% of americans, when they hear trump about russia or they see trump about putin, it like the old charlie brown cartoon, all they hear is mwa, mwa, what are people interested? do they have a job? are they making money? do they have a house? that is what they care about,
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that is what they benefit from. what is trump's approval rating on the economy, 53%, this is from a media that slams him every day, i think country likes what trump is doing with the economy. >> we had bill mcgern on, he said trump is way tough or russia than obama, obama did have a bunch of sanction the. 700 companies and individuals under sanction in russia. democrat again and against we have this rising star socialist alexandria ocasio-cortez, saying capitalism will not work. i tell you, i don't know if that is the way to power. >> all right, but is president trump for america? is he for american exception exceptionalism, liz, i don't think he is that not my word. that is what president -- not
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himself, but president said in 2015, he said he didn't like that term e. even on russia fox news two years ago president said, do you think our country is so innocent compared to russia. russia. >> make america great through tariffs, and trade. liz: i hear -- >> that what russia would do not u.s. >> gary b ? respond. >> i understand what jonathan said. everyone would like no tariffs, free trade. i think a lot of tariffs with china ar pointed rightly or wroy toward the intellectual theft, is that the right way to combat it, i don't know? at least in case of the tariffs with china. the u.s., i think holds the trump cards, if you get into a war he holds the better hand.
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should hig he be boeing doing i. >> you said, people have money in the pocket. liz: all right, thank you so much, that was great. come back soon. >> coming up fbi lovers page and strzok, they gave different stories to congress about the infamous anti-trump text-messages, we'll tell you what lisa page said about peter strzok's remarks. this is coming from republicans who heard her testimony behind closed-doors. coming up. >> but first president trump clarifying himself after criticism over his remarks at the summit with vladimir putin. many republicans disappointed. democrats, media pundits going over the top. we'll show you of what said coming up -- we'll show you what was said, coming up. ♪
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liz: president trump clarifying himself for for remarks he made during his summit with vladimir putin yesterday. he said he didn't know why russia would interfere with our elections, president meant to say he didn't know why it wouldn't. joining us now. chris, what is your reaction? >> i think it is -- you know the twitter universe made it difficult to be in politics. you need to issue a statement almost immediately, we predicted timeline yesterday, president had a bad standing on international platform, republicans have to be quick to pile on because social media lunch mobs, then democrat come out, and say this is treason, one congressman suggest a military coop, in morning everyone is back on side of the president, that is familiar. this needed to be said.
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president needd to stand behind intelligence agencies, and what he needs to say last president was weak on russia, he will be stronger, we're not going to see it again, today was convoluted but he started down that road. liz: he said could be other people beside russia hacked. that is the focus right now. not how the president is being tough on russia, former republican presidential candidate john kasich wondering where trump staff during the trip? >> president went to go the g-7 summit, would not sign the communique, at that summit, he said perhaps russia should be added to g-7, he went to nato conference, whole nato conference, he was diplomatic wrecking ball. and he aggravated many people. and did it in some ways a personal way, then he went to
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england, and he insulted the prime minister before he even landed or interview somewhere. and disrupted her. where was everyone then? you know why didn't somebody step up and say, this is not the way to do things. >> washington post saying that staffers did say to president, be tough with vladimir putin. at this press conference. and he last minute seems he set it aside, bolton and pompeo wanted him to be tough. >> clear that white house dodge administration has pushed for president to be tough in his words like his actions, pushing for nato to have more of mill thamilitary budget, kennard like
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kasich keeps bringing up. these are stipes that last president refused to take. now people like ap and reuters standing there in kremlin, why don't you right here punch vladimir putin in the face. everything these administration has done despite the pleas from press has been harder and hard or russia than any activity administration past administration -- about past administration. liz: vladimir putin of the confronted last night on air by chris wallace. first putin denied that russia interfered and said any hacked information from accurate, putin is at it again. >> yes, putin is a liar, and places like wikileaks and julian assange that used to be heroes
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of the left are tools for vladimir putin. liz: you should not attack any elect process. watergate prosecuter, going over the top over trump come about russia. >> i would say his performance today will live in infamy as much as pearl harbor attack, it is really a serious issue that we need to deal with. liz: chris? >> i don't like to be offended but i could just call that stupid, there is no comparison to organizedded program against jewish program to kickoff holocaust or start of world war ii. killing hundreds of americans. these kind of overreaches by the democratic party is why a lot of the country really tune it out. liz: thank you, chris. >> thank you.
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liz: alexandria ocasio-cortez she put her foot in her mouth again, called israel occupiers then tried to walk it back. and says that capitalism will become irrelevant. dnc chair said she is future of democratic party. >> but first, lisa page testified behind closed-doors. she is telling investigators according to republicans, that other officials may be involve is, she is condr contradictionig peter strzok, we have that bait -- bekate, coming up. you're turning onto the street
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other money managers. fisher investments. clearly better money management. liz: more bad news coming in for peter strzok, who claims his bias texted were misinterpreted. and congressman radcliffe saying that page's behind closed doorsesome testimony, it contradicts that of peter strzok. >> she admits that the text-messages mean what they say, as opposed to agent strzok when thinks we have misinterpreted his open onizuka word -- his own words. liz: we have our panel ford o'connel and rog goyl .
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strzok texted that we're going to stop him. then he testifies what he meant by we, that we was the we that stood for america. given what lisa pain saying do you belief strzok? >> page's alleged testimonies calls into question vor as tie of which strzok said to congress, one thing to have a strong dislike of donald trump, another thing for a political preference, hard to believe deep hate expressed in these texts did not affect his investigation, in e-mail probe and trump-russia investigation, but we'll never know because of bureaucratic fbi be on vehicle .
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liz: fbn reached out to lisa page's team, and thigh the theyg her testimony is consistent with peter strzok. these are republicans coming out saying that she said different things. revealing john brennan and james clapper could be more involved than we thought. we don't have lisa page's testimony. we don't have access to it, should it be made public to get to the bottom of it. >> absolutely, i think we know what this is, we don't know what it is. this a distraction. we have no idea what she said behind closed-doors, let's wait, get the actual testimony, it will be revealed then comeback and compare the testimony with
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facts. you mentioned we have congress machine sayin -- congressmen sag there is a dis crepe en see here. >> should congress have strzok and page testify together side by side. >> that would make sense, but congress can't feel hearing well. i think we should make it public. my question raj, i don't know if it will come out in next 6 years, but also democrats are not going to let it out. >> the funny thing, we know if there was a bombshell in testimony, it would have been leaked right away. >> you are really good together. so much. coming back in another segment. we have a lot of news after the
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break. all-star major league baseball all-star game, played for first time in decade in washington d.c. connell mcshane is next. (♪) 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? metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day.
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and it won't cost you a cent. this is a free service. call today. a place for mom. you know your family. we know senior living. together we'll make the right choice. liz: a fun topic for you, it has been nearly 5 decade since major league baseball all-star game has been played in washington, d.c., we're there, connell mcshane is live. you have quite the assignment there. reporter: i know, it is fun. they are excited about it here in washington it has been some time, they within 30 plus years without having major league baseball. since nationals have been back, they have not had all-star game. home run derby had a washington feel, bryce harper with the come
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back and winning that home run derby. a lot of attention on harper tonight in his home ballpark. his teammate matt scherzer is starting pitcher it was the national league. it was difficult for us to broadcast from field this afternoon, the weather hit, we got a real washington d.c. thunderstorm. it looks like things are clearing up, they should get the game in okay. you may heard, interview with baseball great, fox sports pregame co-host a-rod, we're planning to do that. he got caught up in a production meeting, he will be here in a few minutes. talk about major league baseball. we'll have that for you during
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"making money" with charles payne. a fun night here. liz: you got a-rod coming up, don't be running outside with metal baseball bats. stay safe connell mcshane. a-rod coming up with connell next hour. and now you won't believe what rising star alexandria ocasio-cortez is saying now, talking about israel, coming up next, take it up with the power panel, stay right there 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. add-on advantage. when heartburn hits... fight back fast with tums smoothies. it neutralizes stomach acid at the source. tum tum tum tum tums... smoothies... ...and introducing new tums sugar-free.
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alexandria ocasio-cortez. when she was pressed about israel's occupation of palestine, she didn't know what she was talking about. >> i think what people are seeing an increasing crisis of humanitarian conditions. that's where i tend to come from. you used the term the occupation of palestine. >> oh, i think what i meant is like the settlements that are increasing in some of these areas. >> do you think you can expand on this? >> i'm not the expert on geopolitics. liz: tom perez says this is the future of the democratic party. she did quote say she absolutely
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believes in israel's right to exist. but given her comments that capitalism won't exist. should the democrats be concerned? >> she is a rising star and she'll be elected to congress in the fall. but i was in a state represented in the reddest part of the red state in kansas. the republicans have one playbook and they need a boogie woman. liz: the dnc chair says she is the future and she doesn't know what she is talking about. >> the republican party can't function without a boogieperson. >> this should be a warning sign for democrats. she is not ready for prime time. the republicans hope she doesn't
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burn up her 30 seconds of fame. we want her to keep talk because there is an identity crisis and battle in the democratic party between pelosi's elitism and sanders socialism it's amazing in this battle that's keeps going left. liz: she said capitalism won't always exist. all these ideas are irrelevant. we have a booming economy and slow jobless rates. >> the same populism that elected donald trump breath pane mates all idealogies. liz: we have people left mind this country. we have people quitting jobs because they can get a better job. we have 7 million job openings that companies cannot fill. we have rising median income.
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we have 60% of u.s. households getting more in the way of benefits than they pay into the system for tax revenues. all these ideas are i will are haven't. >> they are irrelevant and they will never pass the mainstream. you are disincentivizing people who stay home and cutting out 25% of the workforce. liz: the universal basic income stuff, finland stopped it. it's just a fun thing to discuss. these are serious policy issues. ted kennedy voted for the tax cuts in 1986. the dnc chair said she is the
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future. liz: it's not we. i come from across long line of democrats who can't believe this is democratic party. >> when you look at these figures and say unemployment is low and everything is fine. unemployment is low because everyone has two jobs. unemployment is low because people are working 60, 70, 80 hours a week. when 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. liz: china is moving to a capitalist system and russia wants to. was she correct with her facts? >> no, she is a 28-year-old millennial who has no idea what she is talking about. and she is the future of the
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democratic party. i want her to keep talking. off course you do because you don't have anything else to talk about. our president surrendered on foreign soil and you don't want to talk about that. the reality is we have a cry cities in this country. the economy is work for some people. i'm a job creator. i run a company. i am the ceo of a technology company. obviously capitalism is alive and well and we want it to continue. but if you are going to stay on the stage and say you deny the fact. >> let's get this off the table because it's a side issue it's only an issue because you guys are talking about it. liz: forgive me, raj. kirsten gillibrand and elizabeth warren are talking about guaranteed jobs. those are top leaders of the
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democratic party talking about federally guaranteed jobs parade paid for by maximum pair money. >> you have many people vying for the 2020 presidential nomination talking about things like universal income and you have state leaders in the democratic party particularly in california who are talking about medicare for all and also talking about socialism and universal income. this is not just confined to one person. we only like it because the spotlight is on her. liz: gavin flewsome doesn' -- ne doesn't want medicare for all. liz: you guys are so great. you are the dream team. you will come back on another show. we have more news coming after the break. stay right there. my father passed this truck down to me,
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wells fargo has supported community organizations like united way, non-profits like the american red cross, and our nation's veterans. we knew helping our communities was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day.
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liz: a big thunderstorm clearing up in washington, d.c. washington, d.c. thanks for having us in your home. charles payne is next. charles: the day after the helsinki summit, the economy continues to soar. first president trump responding to critics insisting his controversial meeting with vladimir putin and nato, that they weren't a success. moreover, trump says he fully supports american intelligence agencies and he clarified comments made about meddling. president trump: i accept our intelligence community's conclusion that russia's meddling in the 2016 elect t
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