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tv   After the Bell  FOX Business  July 24, 2018 4:00pm-5:01pm EDT

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good effect of gdp will last longer. liz: rick pitcairn says be bullish. there will will be a time we sea selloff. that is natural. [closing bell rings] the dow snaps three-day losing streak. section up day in a row for the s&p 500. but the nasdaq just slightly lower after having been up 86 points. >> thanks, liz. stocks surging into the close. stocks closing up, almost 200 points, snapping a three-day losing streak. s&p closing higher for the second straight day. nasdaq was trying to claw its way back into positive territory. it looks like it will fall a little short. i'm adam shapiro in for david asman. melissa: i'm melissa francis. this is "after the bell." more on the big market movers. here is what else we're covering in the very busy hour ahead. a helping hand for american veterans and farmers of the president outlining new changes coming to the va while his administration announces billions of dollars in aid to help ease the pawn of tariffs.
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we're live in washington with the latest. meanwhile house republicans are trying to ease the pain of taxes. the ways and means committee just unveiling its new plan for tax reform part two. we'll tell you what's included. alarming new details about the threat to american power plants. homeland security warning that russian cyberattacks are happening right under our nose. cyberterrorism expert morgan wright what needs to be done and how to combat the threat. also among our guests this hour, "wall street journal's" james freeman, chris stirewalt. chris stewart. also fabulous. he is from the house intelligence committee. heritage senior fellow peter brookes. >> we want to go back to the markets right now. dow closing off the highs in the session. nicole petallides on floor of new york stock exchange. nicole, what would you call the big movers today? >> easy to find movers. those ones move on earnings, right? we had verizon and united technology helping the dow
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along. we saw the nasdaq which had been high every because of great google numbers. tech overall, but also those weaker numbers which i will get to in a moment from jetblue weighed across the board. we saw an all-time high for the nasdaq but it is down one point. doesn't finish record territory. mentioned tech. take a look at alphabet. after the great quarter that it blew out of the water. new high there. new high for facebook. there is jetblue, 1 1/2-year low. it is weighing, transportation average is down well over 1%, roughly 1 1/2% while everything else is moving a half a percent, right? jetblue really weighing on multiple venues including indices, including the nasdaq and taking down some 10%, taking down all of airlines, united, delta also lower. at&t will be out shortly. i spoke with over at raymond james i spoke to frank
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lowden, he basically said that the process continues that at&t wins it but waiting on numbers. they want to know what the outlook is now that they incorporated time warner. he actually likes charter the best in the group but thinks at&t stock will trade sideways six to eight weeks while they go through appeals process. >> we know you're on it, nicole, thank you. melissa: at this point earnings are up 20.6% from the same quarter last year. let's bring in the market panel. gary kaltbaum from kaltbaum capital management. james freeman, from "the wall street journal." they are both fox news contributors. james, amazon, intel, twitter on friday, the market is on a tear. what do you think? >> news is really good. we have concerns. we're obviously concerned about how trade disputes will get resolved. people were wondering about rising costs, maybe inflation, will that hit earnings but you're not seeing any of those problems in these results on
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earnings. and on revenues. it is just a lot of great news. obviously everyone expecting even more good news friday with the gdp report. right now the economy is humming. there is no other way to put it. melissa: gary, when they talk about forward guidance, what is coming next quarter, do they seem concerned about tariffs? are you worried that this friday number could disappoint? expectations are so high for gdp? >> well, couple of companies are using excuse of tariffs. i believe whirlpool came out and coughed one up and few others. i'm not worried right now. i worry if we go to 200 billion, 300 billion, 500 billion like the president said. as far as gdp i'm expecting a number over 4%. that is darn good news. let's hope it continues but i think we're getting to the point where the best that we can get is here but i still think we can be 3, 4% next few quarters going forward. i want to bring up one little
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point that happened next couple days. china is easing monetary policy nine years after a big lower, they are easing. guess what, markets love easy money? china market which had been dead woke up in the last few days. melissa: that is interesting, james. the china markets woke up. they had been upset about the tariffs. what does that mean? maybe it takes pressure off? >> these moves in china are often government, not market directed. melissa: sure. >> i'm not optimistic about it but to emphasize gary is saying maybe 3, 4% growth instead of five going forward, if we hit 3.8 on friday, which is below consensus, we've had 3% growth for a solid year, 12 months. that has not happened in the last decade. melissa: yeah. and that was supposed to never happen again is what we were told in the last administration. panel sticking around. stand by. >> hurt by the trade tit-for-tat, the u.s. agriculture department announced
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it will provide $12 billion in support to u.s. farmers and ranchers hit by the tariffs on u.s. products. hillary vaughn outside the international trade commission with the latest. hillary? reporter: hey, adam, president trump trying to soften the blow of these chinese tariffs. we heard from ag secretary sonny perdue saying this money, $12 billion in aid, will help farmers meet cost of disrupted markets occurred from the tariffs. they estimate that to be $11 billion so they taced on one billion in case. president trump saying today that his strategy is working. >> you have to see these trade deals i'm working on, they're a disaster. you have got to stick it out. we got to fight it. nobody else fought it. i went to some of the countries, i said, how did it get so imbalanced? they said nobody ever called.
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reporter: as companies are still realing from the existing duties from overseas and over 60 companies around the country are here today to try to convince trade officials to not move forward with something else president trump is considering, $16 billion in additional tariffs on chinese imports, particularly impacting machine are you and plastics. i spoke with congressman cramer who testified at the hearing this morning. he tells me while he agrees it's a good idea to give these farmers $12 billion in aid, really what u.s. industry needs is free trade, not just aid. the congressman telling me there should also be a better system for companies seeking exemptions from these tariffs. >> i think there ought to be a broad categorical exemptions where maybe an industry or a product line could apply for the exemption, make their case on paper or perhaps you know, in a small hearing of some sort but it ought to go quickly but it
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ought to apply more broadly. if every product with every company within every industry has to come get their own exemption i think that is far too burdensome. reporter: adam, a lot of company executives i talked to said they want the white house to reconsider hitting an industry that the u.s. has a trade surplus with, not a deficit because they said china wouldn't think twice about hitting back with their own tax. adam. david: very quickly did anyone from the administration put a timeline how long the subsidies would take place, helping out farmers, the 12 billion bucks? reporter: we're waiting to get more specifics. we have the $12 billion figure how how this will move forward, who will be eligible for this, how they get access to this, all those details being worked out. >> hillary vaughn, thank you very much. let's talk about this with gary kaltbaum and james freeman. gary, let me start with you? is the administration picking winners and losers? a lot of it is going to dairy
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farmers. we have a huge surplus with these subsidies going to do? isn't this the wrong thing to do? >> first not the agricultural department giving money to the farmers. it is the taxpayer that is giving money to farmers and as a conservative libertarian it does not thrill me at all. it is absolute mistake. i can not believe that anybody on the right likes something like this. it is picking winners and losers. who is next? who is the next industry to complain because the tariffs are hurting them to get money from the taxpayer? i'm completely against it. i hope it ends soon. the good news, maybe good news, they're meeting with the eu tomorrow about doing something on the tariffs. hopefully they can come to a happy place. the eu did it with japan on know tariffs. if we get to there, it will be only great news and i will applaud president trump if that occurs. >> james, picking up on what gary said. i have lived in farm country, indiana, ohio, easy for us in
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new york who are not farmers this is bad thing to do. there are men and women may lose their livelihoods. isn't this the right thing to do? gary said negotiating with europe, it is china giving us headaches to the farm community and we have to stand up with them, don't we? >> i hope we resolve things with europe so we could focus on legitimate issues of intellectual property theft. we talked about it a lot with china. i'm not sure that i'm optimistic about the wednesday meeting but on the subsidies you have to ask yourself what are you doing that you have to create a new policy to pay people for the harm you have just caused them with your previous policy? >> thank you, james. >> why not just let people trade? president says trade deals are disasters. it is trade fights through history are disasters. if he resolves this quickly it will be beautiful, it will be fantastic. melissa: i don't know. maybe he is using revenue from the tariffs in order to pay the farmers to buy time. that is my theory.
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>> this could get very complicated. melissa: stay with us, gary, james. house republicans unveiling a plan for round two of tax cuts to make them permanent for individuals and pass-through business owners. lawmakers hoping to vote for this bill just weeks before the midterm elections in november. what do you think of that one, gary? >> look, i am all for more tax cuts. we pay too much. just so you know, in the next year federally, local and stay, the great people of this country will send over $6 trillion to the government and they still can't make due with that give me more, give me more. it is our money in the first place. we're the producers. i'm all for. >> hey, man, preaching to the choir. james do you want to join in. >> make them permanent, absolutely. we should be glad the corporate rate tax cut is lower. melissa: james, you adopt like buying sometime to give revenue
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from the tariffs to people getting hurt by isn't. >> i think we ought to resolve the fight because the trump tax cuts and trump deregulation have made us very competitive. he doesn't really need to do anymore. leave it at that. resolve these trade issues. melissa: i heard the president, takes a lot of time to undo bad trade deals. it is not overnight. interesting debate. thank you, guys. adam. >> 13 members of the house intelligence committee sent a letter to the president to urging him to declassify more of the heavily-redacted fisa application to used to wiretap a former trump campaign aide. congressman chris stewart is among them. he will join us coming up. melissa: situation in greece as deadliest wild fires raged near athens. u.s. navy and air force are helping to battle the blazes. we have the latest details. >> our heroes getting their own helping hand. president trump speaking at veterans foreign wars national convention highlighting what is
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adam: we want to talk about at&t and back to nicole petallides with the numbers. nicole. >> looking at judds number of 91 cents. that beats the estimate of earnings per share of 85 cents. revenue number a slight miss coming in at 38.99 to be exact. that is 2%, 2.1% down year-over-year on that revenue number. we are seeing the stock down 1 1/2%.
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and then when we break down the numbers, the net gain of 3.8 million, north american wireless subscribers, in fact the company saying that they reported solid wireless results. they also talked about subscriber gains as i just told you, 3.8 million, total wireless net ads. looking at directv now, that will be key. they see that reaching 1.8 million. updating 2018 guidance, raising adjusted earnings per share to the high-end of the 3.50 range. that would be good news. the we'll continue to comb through this outlook is key. maybe that revenue miss is weighing the better than expected outlook. adam: nicole, thank you. >> now when a bad person, maybe a federal employee in this case, but somebody bad mistreats or neglects or abuses our great veterans in their time of need
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we can turn to them, look at them in the eye, and say you're fired, get out. get out. [cheering] melissa: president trump touting the passage of the va accountability act at the vfw convention in kansas city. kristina partsinevelos is at the white house with more on this one. kristina. reporter: almost resemble ad campaign-style rally. the president spoke to 4,000 veterans in kansas city like you mentioned. veterans affairs provides health benefits with access to national cemeteries for personnel and and dependent the. he focused in on the fact that there is now a va hotline. there is 24-hour care, especially if you need emergency care at mental health clinics. listen what he had to say about these clinics. >> we're greatly expanded telehealth and walk-in clinics so our veterans can get anywhere, at anytime, they can get what they need, they can learn about the problem, they
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don't have to necessarily drive long distances and wait. we are also, it has been a very big success. reporter: the president also mentioned disability claims and how they brought those claims down to be processed within two weeks but the goal is to bring the processing part to one day. so they're still working on that goal. the president highlighted new leader of the veterans affairs department. yesterday the senate voted on putting forth robert wilkie, 55 years old. the senate voted 86-9. the president highlighted that those that voted against wilkie and are super left and running against him in 2.5 years. mr. wilkie will be responsible for overhauling the veterans affairs department. it is the second largest department in the government branch with over 360,000 employees. last but not least, there was a lot to recap, there is talk about military. the president highlighted fact yesterday they voted and will be
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increasing the pay of military personnel by 2.6%, and increasing the defense budget next year to 7 $16 billion. both increases on that part. back to you. melissa: kristina thanks. adam: former press secretary of president mike pence and member of the trump 2020 advisory board is here to join us. he talked about the confirmation of secretary robert wilkie to the va. there were nine no votes among democrats. this is the first time since this became a cabinet-level position, anyone voted no, is that correct? what does that say about the politicalization going on in the country? >> it shows you the far left that is in control right now in many parts of the democratic party are putting resistance over results. the secretary is immensely qualified for this. he actually led all of the personnel planning at the pentagon before coming over here. he knows what our troops need
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while they're in uniform and then once they have left and are continuing in our care as veterans and he is remarkably qualified. it is unfortunate democrats can't see past it. adam: he is a son of an infantryman who was wounded during vietnam. he understands what it is like families dealing with va on that basis and even jon tester voted yes for his appointment. what will happen in the states where president trump won by huge margins but democrats and republicans running for the senate, i brought upjohn tester, where the races may be getting tighter? >> senator tester will highlight they voted with the president on this occasion but what we're really looking for is the supreme court nomination to see where they vote there. this is just one of those cases where they will try everything they can to say they support the president, even though in many of the key votes, like with
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confirmation of justice gorsuch, tax cuts, they have not been with the president. that is something they will have to explain to their voters back home. adam: why i ask you about something not related to this but did you catch this last newt? it was an exchange on tv program on another network. watch it. then let's talk about it. >> i'm thinking about it, what i have said i would make a determination sometime early next year but my focus really now is on 2018. the midterms. adam: remember eric holder? he may run for president. he said that. donald trump, the president, you think he would be nervous if eric holder was going to run? or do you think he would say bring it on, i want to go after this? >> i don't think it matters who the democrats put up, they will have to run so far to the left in the primaries to appease, radical angry socialist base, they will not be electable come november of 2020. really doesn't matter what name you fill in the blank there, they are going to have to get votes in their primary. so that will be abolish i.c.e.,
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raise taxes, free health care and college for everyone with no worries about how to pay for it. those are things they are going to have to embrace. it is not resonating with the american people. another reason why i think president trump cruises through 2020 to re-election. adam: there is a lot of concern we read in the democratic party about the pull to the left, for instance in new york and victory of miss cortez over mr. crowley. then you read among the democrats they want their party to stand for something and it seems to be the left-wing, whether you agree with it or not does stand for something, the centrists democrats almost like like republicans from the 1980s. >> the problem their leftist message will not resonate anything outside of extreme coasts. look in the midwest, michigan, wisconsin, pennsylvania, voted for president trump albeit narrowly, if they try to win
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these people back, going with socialism is not the answer. they will look at the president's record creating manufacturing jobs. looking at their 401(k)s doing bert. record low unemployment, increasing paychecks. those will motivate many people in the midwest. while democrats run to the left, they will abandon the middle. that includes the midwest. adam: i wish we could continue this. i'm trying to get an interview with the democratic socialists of america to find out what they are about. i get it i will let you know. if they stand for something that appeals to the middle. >> i doubt it. adam: marc, thank you. melissa: another item to toss from your pantry? uh-oh, peppridge farms voluntarily recalling four varieties of its goldfish crackers on concern about possible salmonella contamination because of whey powder. this comes one day after the
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ritz announced it. we have enough goldfish in our cabinet to fill an ocean. adam: if you get invited to a party with ritz crackers and goldfish crackers. just saying. >> kids put them aside. i will check them when i get home. adam: syrian jet shot down by israel and details what happened coming up next. melissa: new satellite images from the region seem to say yes. >> which had a fantastic meeting with chairman kim and it seems to be going very well. ♪ (vo) progress is in the pursuit.
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>> new images just today show that north korea has begun process of dismantling a key missile site and we appreciate that. melissa: the president touting tough talk on north korea as the rogue regime seems to be cooperating maybe, as
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denuclearization process in these new satellite images. peter brookes, heritage foundation and former secretary of defense for asia and pacific affairs. thanks for joining us. what do you make of these reports? do you believe them? >> it is good news. i think it is true. this is commercial satellite imagery. people outside are using basic imagery to look at things in north korea which is amazing if you think about it. i'm sure our intelligence services are looking at it much more closely with greater fidelity and granularity. no one is denying it. maybe this is what the president talks about when he talks about progress. melissa: some people had said that this facility dealt with rockets that use liquid fuel not solid fuel and they're trying to move towards solid fuel and it is not that meaningful. do you buy that? >> one thing that is going on engine test facility. which is important for any missiles. this was icbm launch facility
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for part of their space testing program where they used icbms. that is very important. melissa, some. work being done right now we have seen so far is reversible. they have not completely gotten rid of the facilities. some facilities dismantled they could move in another direction. this may be response to president trump's announcement after the singapore summit he would sus spent military exercises for a while. the north koreans are showing some good faith here. there is tremendous strategic trust deficit between the two sides and you need to give momentum to it. this is good news in the sense when secretary pompeo went there a couple weeks ago, the visit wasn't exactly what we hoped for. melissa: right. >> this gives a little more momentum. this is small step. it is incremental. it is positive. we'll see what happens tomorrow with the north koreans. you never know. melissa: day-to-day news, really a long tough process. meantime israel is on high alert after the israeli military says it shot down a syrian fighter
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jet that entered its airspace. only the second time in the past thirty years this sort of incident has happened along the border so it is really rare. israeli u.n. ambassador danny danon had this reaction today. >> israel warned syria not to breach the 1974 epis race of forces agreement. israel will not allow any violations of our sovereignty. melissa: so, peter, help us understand this. first of all, why did syria do this? >> well it could have been as simple as navigation error on part of the pilot. he was doing supposedly some raids against syrians call quote, unquote terrorists, probably opposition forces. he may have just strayed across the border. moving very fast in an aircraft, if you're not paying attention to what you're doing, you can be in different territory, different state, different
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country pretty quickly. it could be as simple as that. the israelis are cirrus about their self-defense. they shot down syrian aircraft four years ago as i recall. there have been military incidents across the border. israelis shot down an iranian drone earlier this year. the israelis are serious about this and their self-defense. there is a civil war going on next door which the iranians who are of high interest to the united states, israel and others in the region are very, very active. melissa: is there any chance this had something to do with them, that it was the iranians and not the syrians? >> well i didn't hear it was the iranians but i think the israelis are very serious about their air defenses. this was a hostile that crossed the border, they took care of it their own way. melissa: does this escalate anything? everybody expects them to do this because they're protecting their borders or does this ruffle feathers and make things more tense? >> no. this is a strong signal.
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i don't think the syrians would be surprised about this, quite frankly. once again i'm not sure if it was some sort of intent, other than like i said navigation error on the part of the pilot. i don't expect we'll see additional incidents along these lines where syria is trying to do something inside of israel's arizonas, air defenses. melissa: it was interesting to see before the president went to meet with vladmir putin the israelis went over to talk to him as well. maybe they are back channel, getting russia's help to get iran out of their backyard, out of syria. do you see any approach with that at all? is there anything given to russia to get them to help push you are ran out? >> well, russia has ties with syria. obviously they saved the bashar al-assad regime from the dustbin of history a few years ago with its military intervention in
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2015. russia has some influence with iran as well but they don't have complete influence and total influence. this is one of the major concerns of israelis and the united states. i imagine it may have been a topic of conversation between president trump and president putin in helsinki. melissa: peter brookes, thank you. >> thank you. adam: fallout continues. house intelligence committee members urging president trump to get those heavily-redacted fisa documents declassified. melissa: look at that thing. adam: could it actually happen? melissa: it is ridiculous. adam: plus an unprecedented act. the white house threatens to revoke security clearance from sell former obama administration officials. congressman chris stewart, house intelligence committee member, joins us next. >> they should never have kept their clearances and by gosh, rather than say we are reviewing it, one disagreement i have with the trump administration said, we have today revoked them. ♪
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is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com melissa: calling for transparency. 13 house intelligence committee members sending a letter to president trump to declassify the heavily-redacted fisa warrant used to surveil former trump campaign aid carter page. my next guest signed that letter. here is congressman chris stewart, house intelligence committee member. can i ask you first, have you seen the unredacted version? >> oh, yeah. oh, yeah. i spent hours and hours reviewing it at different times. melissa: does it say anything that couldn't be revealed to the american public and contains sources and methods and would
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make life dangerous? >> no, it will not surprise you, most concerns concerned, by and large it doesn't. i think there might be literally in a stack of pages four inches thick there would be a few sentences i would suggest redacted but almost everything else should be released. we've seen the history of the fbi and department of justice where they redact, it isn't to protect sources and methods. it is to protect themselves from embarassment. when it is redacted someone takes time to read it, what in the world is about. this is not just agents and methods. that is simply embarrassing to them. melissa: is that the case in this one, that what is covered is embarassing? >> it raises questions, and very serious questions. you know, a good example of that is the republican memo which has been in january, february, seems like forever ago. melissa: right. >> we were accused then saying, very, very clearly they said you will expose, you will endanger
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human lives, you will expose methods and means and agents. when that was released, that two pages i defy anyone to show me anything in that was secret. very clear they were trying to protect themselves, not trying to protect their methods. melissa: if that is the case, why do you think the president doesn't declassify it and release a version that's barely redacted? >> yeah. i think there is a couple reasons. number one he is hoping this process will continue, eventually those of us on intel committee and couple others pubbing the department of justice to declassify will be able to prevail and do it ourselves. the second, i think politically very difficult for hip to interject himself into become extraordinarily politicized issue. if he were to do that, it would be viewed as self-serving. melissa: that happens every day though, that he injects himself into something is and everybody says it is self-serving. he is hoping that you guys can get it revealed. i don't know, it is interesting. maybe he wants it to continue,
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when it does get revealed it has a punch, close to the election. it is interesting. we'll keep an eye on it. i want to ask you about the whole issue of declassifying president trump, taking away security clearances. president trump looking to revoke security clearances of six former obama officials. what do you think of that? >> well you know, look, i would not support that for just purely political or partisan reasons but some of these individuals have to answer questions. if as a result of that they lose their security clearance, i would be comfortable, i would think that is the right outcome. some of them no question leaked classified information. no question some of these individuals were not completely honest when they testified before congress, my own committee. some of them acted unethically and maybe illegally before the fisa courts. if we conclude the process and investigation that was true, i'm confident what i told you is true, i think one of the remedies would be for them to lose their security clearance
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but once again has to be after process for a reason. melissa: how many in that group of six? >> well a few. i don't want to be specific but there is a few. it is not just one. and look, once again director brennan, former cia director revealed himself absolute partisan political hack. how in the world was he selected to be cia director when he is so partisan? that alone is not a reason of the has to be some type of behavior. in some of these instances they exhibited behavior that would result in this. melissa: congressman chris stewart, thank you. i hope you come back. >> we will, thank you. melissa: thanks. adam: wildfires, flooding a heat wave. it has been a devastating week for areas across the globe. we want to go to greece battling the deadliest wildfires in more than a decade. 74 people are now dead and hundreds injured as number of furst continue to rage near athens. the u.s. navy and air force are
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providing aerial support in the region at the request of the greek government. in laos hundreds are missing unknown number feared dead after hydroelectric dam collapsed. it swept away homes, leaving more than 6,000 people homeless. here in the united states areas of the southwest are sweltering amid record-breaking temperatures approaching 120 degrees in some places. california residents are being urged to conserve electricity tonight and tomorrow amid a heat wave blanketing that state. melissa: homeland security officials revealing troubling information about russian hackers targeting the united states and it may not be over yet. details coming next. adam: plus a shocking substance might be in your glass of wine. you want to know this before you open that next bottle. melissa: what? adam: coming up. ♪
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adam: federal officials say russian hackers gained access over the past year to control rooms inside of u.s. electric utilities where they may have caused blackouts. homeland security even admits these attempts could still be on going. so here now is morgan wright, center for digital government senior fellow, cybersecurity expert. morgan you've been warning us about this. i know europe experienced blackouts because of the russians. how did they get? in? some of the control rooms were independent and they weren't accessed. some of them were vendors. >> corporate networks and industrial control systems. the problem all these third parties had access is like the target hack. hvac vendors had access into the industrial control systems. this, adam, this is replay of the indictment. if you look at indictment of
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friday of 2007 -- 12 russians how they got access to the dnc same tactics. we're seeing a replay of very successful tactics. this time it is going after our energy grid. adam: how should the u.s. respond? should we assume we have access to the control rooms of their electric plants? do we or do we not? >> i don't have access to classified information before but it's a good guess. after the last segment i don't want any. you absolutely can be guaranteed, it is proportionality, if they do something to us, i'm sure there is something in china or russia happening of the difference they don't have the same freedom of the press, you will not hear about it the way you heart it here. but i'm sure we're into several of their control rooms. adam: if they would take down our grid, we would retaliate. let me ask you this, homeland security says this is ongoing. yet we're supposed to be in a new relationship perhaps with
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russia. how should the administration respond and why would the russians continue doing this knowing that the u.s. press will report it, especially when coming from homeland security? >> right. no, to figure that out i don't know exactly what vladmir putin's endgame is but i wrote about this in march in the hill.com. russia is warming up. if you need to see how to prepare, we need to monitor what is going on ukraine. ukraine is the punching bag for russia. every time of new tradecraft -- adam: took out the electricity in 2015. >> december 23rd, 2014, one year to the date after ukrainian parliament voted to realign and join nato. russians have a sense of history. they have been doing this 100 years. they have been doing intelligence game since nkvd back in 1970. they are very good. we have to build better defenses and get aggressive and have consequences for companies that don't follow the rules.
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adam: you call this dealing with warfare in fifth domain. i remember doing stories about banks hacked by iranian cyber hackers. >> right. adam: are we protecting ourselves in again they were in the control rooms of u.s. electric utilities? >> the electric grid, the voting systems, things like that these folks are way behind the curve. they have to spend money to upgrade the infrastructure. we can't keep putting bandaids over bad system. we have to revise a lot of the systems and a lot of the controls. adam: morgan, thanks for being with us. >> you bet. melissa: taking a big leap. jeff flock is live at the biggest airshow in the u.s. and he is taking a dive in the sky. can't believe it. glad it is you, not me, jeff. don't want to miss this one. ♪ liberty mutual accident forgiveness means they won't hike your rates over one mistake. see, liberty mutual doesn't hold grudges.
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melissa: the biggest airshow in america is underway in wisconsin. more than half a million people are expected to attend this year. jeff flock is back on the ground, now in oshkosh, wisconsin, where he just jumped out of a plane with the patriot parachute team. jeff, terrifying. what was it like? how did it go? you're alive, that is really good. we know it went well and was successful. reporter: still alive, barely. we kicked off the airshow, they let me jump with the patriot parachute team which opens these airshows. this is, maybe, i don't know if you see it out here, this is pretty incredible, all these folks and aircraft in the air. there was was go-pro camera capturing screaming i was doing down. i was jumped one before. that was my ex-wife's 40th
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birthday. i took her out jumping. this ended up better. this is like a airshow. it is like a war. these are all warbird. they're blowing up things on the ground. ill teal you, only in america. it is good stuff out here. melissa: jeff, what did it feel like? did you feel panicked? what did it feel like? reporter: no. i was tethered to somebody. it's a little different. melissa: you're still jumping out of a plane? reporter: closely tethered to the plane. i was sitting on the edge, he jumped and i was tethered to him. it wasn't actually my choice. the whoosh as you're going down, you feel like superman. you're not going vertical, going unfortunately that way, the chute kicks in. only bad part about it, don't let them steer you around like this. uh-oh, you will see lunch. melissa: wow. when you're free-falling down before they pull the pair --
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parachute, what does that feel like? do you feel like i'm going to die because -- >> i didn't, you feel way up there. unless you come loose out of the parachute. you're going really fast. you can see, you know. melissa: wow. reporter: wind is whipping past your ears. worse than a hurricane. melissa: i think i can read your lips there. i don't think we were allowed to have that here. you don't look panicked at all. glad it was you, not me. jeff, awesome. thanks for bringing that to us. thanks for getting on the ground in one piece. we love it. whoo. adam: startling discovery in some california wines may make you think twice before you pour that next glass. of the ♪
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melissa: researcher discovering
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that napa valley wine bottles at time of fukushima nuclear plant disaster contain radioactive particles. adam: experts say they to not pose a while risk so bottom's up. melissa: really. >> we don't aapproximatel apolet apologize for america any more, we stand up for our national anthem. liz: numerous standing ovations for president trump at national convention, the speech was about standing up for america, the president wants to sit down and make a new deal with iran. new satellite image shows north korea dismantling a main rocket launching site. it north korea following through to denuclearize?
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