appreciate. liz: david. thank you. appreciate it. [closing bell rings] no way to candy coat this. deepest loss in the nasdaq. that will do it for the "claman countdown." i will see you on monday. have a great weekend. adam: this gif. a booming economy not tough for investors. the dow ending the day down roughly 74 points but off session lows. the s&p 500 also closing in the red. the nasdaq off 114 points, down big time. seeing steepest loss in a month. i'm adam shapiro in for david asman. cheryl: hello, i'm cheryl casone in for melissa francis. this is "after the bell." we have more on the big market movers. here is what else we cover this very busy friday hour. president trump taking a victory lap after new reports show the economy grew at at the fastest

pace in four years during the quarter. we'll dive into the numbers. new evidence of progress with north korea. kim jong-un handing over 55 cases said to contain the remains of american soldiers skilled in the korean war. what this means for the peace process going forward. it is a very, very bad day for twitter. shares plunging after this morning's earnings report. the company is taking a lot of heat allegedly limiting visibility of prominent republicans in its search results. we have rnc chairwoman ronna romney mcdaniel. she says it happened to her. she will tell us all about it coming up. adam: we want to go back to the markets. the dow falling, still ending in the green for the week. that is the fourth in a row. that marks the longest winning streak in six months. nicole petallides on floor of new york stock exchange. a look at what happened with recap. >> adam, cheryl, there was so much volume and volatility. traders were telling me they were getting in and out of

stocks throughout the day, selling and buying based on all these earnings. everything, tariffs and trump tweets all that is happening so much to digest. good gdp number of 4.1%. the dow down 75 points. that is half of the total losses we saw at the lowest point. it was down 157 at the lowest point, up 53 in the morning on the gdp print. it was tech that came under pressure. all things technology from ocean media, internet, cloud computing, facebook what a week. there is a look at intel the biggest loser today, down almost 9% and google which, alphabet google hit an all-time high but was down 2.5%. there was a rotation in the 10:00 to 11 hour, people started to dump out, taking profits ahead of a weekend. big news on fox. disney shareholders voted to approve disney's $71 billion

purchase of fox's film and television assets. the two stocks slightly to the downside today. we saw at 52 weeks, fox news is up, the parent of fox business network. one of the traders telling me this story has legs. investigating claims of improper conduct against ceo les moonves. there is on going battle between shari redstone, moonves. they are taking this one seriously as a company, investigating it closely. that being said, last but not least, how did we do for the week? nasdaq finished to the downside with the tech pressure. s&p, dow, finished higher. adam: nicole, thank you. cheryl: president trump celebrating a big bump in the gdp this morning. the economy growing 4.1% in the second quarter. the strongest pace in nearly four years. go to blake burman at the white house with what the president is saying about all of this? i'm sure it is pretty good stuff, blake. >> cheryl, the president and his

team stem greating this one thinking it is vindication for the economic plan. days and weeks when they undertook regulatory efforts, what con souped the white house last year which is tax reform, what is consuming this president right now being trade battles. exports surged in last quarter adding 1% to gdp, half a percent above normal and the president said earlier today in the white house on the front of the north lawn, that is what really stood out to him. >> perhaps one of the biggest wins in the report, and it is indeed a big one, is that the trade deficit, very dear to my heart because we've been ripped off by the world, has dropped by more than $50 billion. that is a tremendous drop. reporter: but some economists say that surge was part of a plan by many to essentially front run these tariffs. they knew the threat was out

there, so they acted accordingly. larry kudlow was asked whether or not this was a one-off? >> i don't believe so and, you know, how people work ahead of tariffs remains to be seen. my thinking is that is going to even out over time. look, we're making progress on fixing the broken world trading system. reporter: kudlow also telling me earlier today that he feels the new eu trade arrangement with soybeans will make up for any potential difference. the white house said those two spoke earlier, president trump and president of the your mean commission, juncker spoke on the phone and had continued to discussion on u.s., eu trade cooperation. no details were provided whether the two struck anymore details. cheryl: we need more details in another conversation. blake burman live from the white house. adam: we'll talk about the

details we know right now on the ground. paul avansano, michelle girard. welcome to you both. michelle, let me start with you. the gdp number, clearly a good number. is it sustainable? a lot of people asking about that. the second part of question, soybeans. critics saw soybeans export doubled year-over-year. can europe buy enough soybeans to help the third quarter gdp numbers stay high? >> there was a boost in exports and may be broader than soybeans as companies rushed out to send goods before tariffs went into effect in july. what we haven't talked about there was a huge drawdown in inventories as those exports were sent out, as the goods were sent out. inventory subtracted 1% from the gdp number. adam: we have to replenish the

interries? >> exactly. in the third quarter, exports will come down a bit but as you aid, there will be restockpiling of inventories. on net it will be a wash in the second quarter. adam: paul, pick up on that inventory possibility. will companies hold off until we get details of eu trade deal which won't come for at least three months and also the china problem? >> i have two concerns regarding the on going sustainability of second quarter gdp growth. i do believe in the second quarter there was some element of front-running. adam: yeah. >> we do financial accounting due diligence for investor groups on target companies and we have absolutely seen in the united states certain businesses, you know, getting ahead of purchasing certain raw materials that were going to be potentially impacted by tariffs. there was additional purchase from inventory perspective within some businesses. we absolutely saw that the other concern i have is regarding consumer spending.

as interest rates begin to increase and if we don't see the wage growth pick up with the decreasing unemployment, i think we have a concern about that as well. adam: i'm glad you brought that up, michelle. weigh in on that. we saw up tick in consumer spending but wage growth 2.7% year-over-year, non-supervisory wages, vast majority of wages fell in june. if they don't pick up, means people buying on credit. that can't be good in the long term especially with interest rates going up? >> one of the strongest aspects actually of this report was in the revision. of course in addition to the second quarter numbers, we had revisions going all the way back to the 1930s as gdp was recalculated. as part of those revisions, what was discovered, not the ones back to the 1930s, but in the last few years, the irs has actually, their data show proprietors income, sole business owners income was a lot

higher. savings rate was revised up sharply, twice as high as we thought. that gives consumers a lot of cushion to be able to draw down savings to keep spending. adam: you said a bad word, irs but we forgive you for that. michelle, thanks so much. paul, stick around, we'll keep talking later on. thank you both for being with us. cheryl: it was a tough week for technology stocks, twitter plunging 20% after reporting slow user growth for the quarter. facebook ending the day in the red, dropping 16% this week. deirdre bolton in the newsroom with report on a crushing quarter. deirdre. >> that is right. as far as twitter, you saw the stock was down as much as 21%. the company in its reporting basically matched forecasts but that did not give investors such pessimism. they say the company's number of monthly active users fell. the problem that drop was unexpected. and the company warned of further weakness.

that is really what pressured the stock. so the social media company said it had 335 million monthly active users that was less than forecast. it sees number falling by mid single digits in q3. the percentage size of the drop and declining monthly active users reminded a lot of investors about facebook's news yesterday. that had a huge selloff. that had to do with a similar pattern stalling user growth at same time it is committed to spending more. not the best simultaneous activities for investors. facebook committed to investing billions of dollars per year on developing stronger privacy measures. its bruising headlines enabling fake news and election meddling, some analysts say the decisions are costly but they are also necessary. facebook you will remember fell by more than 18% yesterday. $119 billion in lost market value. one of the largest losses for any company ever in history. mark zuckerberg, founder, ceo,

personally lost more than $11 billion on the stock's drop. if you compare two sets of news, a lot of analysts say facebook did have a quarter full of quote, unquote, bad news. that selloff may have been overdone. but justified than what we're seeing with twitter. back to you. cheryl: deirdre, i want to bring that up with our guest, it was forecasting that hurt facebook. we'll start with that, paul, we'll talk about facebook then get back on to twitter. facebook is saying expenses are going up. hiring, data privacy concerns trying to stop fake news. that will go into 2019. that is not a quarter story, paul. >> absolutely not. when you look at social media in general the industry is maturing. it shouldn't be surprise people that insane growth rates are starting to slow. not that they're not growing, but growing at a decelerating

pace. like any industry, more regulatory factors and you have to start spending more money on infrastructure and that is what we're seeing in a lot of cases. >> infrastructure spending what we're definitely seeing at facebook. twitter, the stock down 20% today. they got a nice international user bump from the world cup. they had a lot of international users signing up. international users eclipsed u.s. users. that loss of a sub, that is heck of a number, is that all fake accounts they removed in your opinion or people saying i'm done with twitter? >> my personal opinion, as active twitter user i don't think people are saying they're done with twitter. look at president trump. he is on it on a regular basis. that does draw people to the medium. with in europe the gpr regulations, that they are removing fake accounts, that has something to do with it.

like any industry becoming more mature they become more regulated and infrastructure issues. cheryl: you're seeing president trump at joint base andrews. he and melania will head to bedminster new jersey, the trump golf club. these are live pictures we're looking a at. want to let you and our viewers go. net income at twitter, $100 million. it wasn't like the profits at twitter were offensive. they were actually pretty strong. do you think the stock got unfairly hit? i ask that, people might think on monday i buy it a little cheaper? >> market reaction on facebook and twitter was a little harsh. i think it caught people by surprise and as we all know the markets don't like surprises. initially the reaction was to pull back. i think it was a little harsh. cheryl: paul, thank you for your outlook. we have live pictures of

president trump. he had a busy week meeting with the eu president. jean-claude juncker. adam: busy week. 4.1 gdp numbers. he is going into the weekend with a smile. can't relax though. cheryl: i would play golf i assume at bedminster. adam: keep twitter discussion going. twitter came under fire allegedly censoring conservative voices. several prominent republicans said their accounts were hidden from searches. head of the rnc, ronna romney mcdaniel says this happened to her. she will say why every american should be concerned. melissa: russian president vladmir putin is ready to meet president trump again, inviting him to moscow. we'll tell you how the white house is responding to that? adam: president trump touting what he is calling incredible economic growth after a big boost of gdp, on track to grow faster than previous administrations but is it sustainable? we'll ask economist ben stein

next. >> accomplished a economic turn around of historic proportions. we are the economic envy of the entire world. america is winning again. because we're finally putting america first. ♪ 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. that's the same things i want to do with you. it's an emotional thing to watch your child grow up and especially get behind the wheel. i want to keep you know, stacking up the memories and the miles and the years. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month.

get 18% of msrp cash back on all silverado 1500 crew cab lt pickups when you finance with gm financial. that's $9,000 on this silverado. plus, during truck month make no monthly payments for 90 days. most people.le, i look like... but on the inside, i feel chronic, widespread pain. fibromyalgia may be invisible to others, but my pain is real. fibromyalgia is thought to be caused by overactive nerves. lyrica is believed to calm these nerves. i'm glad my doctor prescribed lyrica. for some, lyrica delivers effective relief from moderate, to even severe fibromyalgia pain and improves function. lyrica may cause serious allergic reactions, suicidal thoughts or actions. tell your doctor right away if you have these, new or worse depression, unusual changes in mood or behavior, swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects: dizziness, sleepiness, weight gain, swelling of hands, legs, and feet. don't drink alcohol while taking lyrica. don't drive or

use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. with less pain, i can do more with my family. talk to your doctor today. see if lyrica can help. there's also a lot to know. the most important thing? medicare doesn't pay for everything. yep...you're on the hook for the rest. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. a plan like this helps pay some of what medicare doesn't. so you could end up paying less. and these are the only plans of their kind endorsed by aarp. selected for meeting their high standards of quality and service. call unitedhealthcare insurance company now to request this free decision guide, and learn more. like, medicare supplement plan, give you the freedom

to go with any doctor who accepts medicare patients. it's nice to have a choice. and your coverage goes with you, anywhere you travel in the country. we have grandkids out of state. they love our long visits. not sure about their parents, though. call unitedhealthcare and ask for your free decision guide today. >> if economic growth continues at this pace the united states economy would double in size 10 years faster than it would have under either president bush or president obama. cheryl: president trump touting 4.1% economic growth in the second quarter. as of now the average gdp under president trump, 2.7%. but get this, that is above his predecessors for the full duration of their presidencies. here now to react to that, economist ben stein. ben, great to see you, sir.

>> great to see you. thank you so much. cheryl: so many pundits made fun of president trump at the beginning of his presidency we'll get there to 3 to 4%. we're above 4%, that is stronger than the gdp under president bush or president obama. does this prove to you that the trump policies are actually working? >> some of them are working incredibly well. one of the best ones is plain confidence. he is a man who inspires confidence. i hate to use this analogy but in the same way that fdr inspired confidence from 1933 to 37 when there was fantastic economic growth, we have highly stimulative fiscal policies, not so much monetary policies. so we're running enormous deficits so we have very, very serious fiscal stimulative policies. the main thing people feel we have a business-friendly administration, not an administration that will tromp on them and trample on them like the obama administration didn't.

even to a tiny little extent the bush administration did. even though bush did much better than obama in that score. cheryl: i was looking at gd under president reagan, it was pretty brutal, with 14, to 16% interest rates on mortgages throughout the country. how far we have come. are you worried that the markets are wanting more from president trump? we didn't really get a big reaction today in the market as of the gdp number which, i'm sorry was pretty good, 4.1%, ben? >> it was a great number and the markets have been extremely complimentary to mr. trump. the growth in the s&p, the growth in the dow since he became president have been absolutely phenomenal. i think markets love him. the fact that the market in general did not tank after the enormous losses in the tech second is tore is a very good sign how confident investors are in mr. trump's leadership. there is something about him. i can't quite put my finger on it, but there is something about

him that infuriates and drives his enemies crazy. also does something miraculous to to the american businessman. i can't put my finger on it, some element inspires confidence, just as some element inspires hate and envy. cheryl: is there a part that worries you a little bit, there was some talk this report is frontloaded. there was a lot of activity coming in to tariffs. there is worries about the next quarter, how the tariff effect will play out. are you concerned some of these american businesses and industries will feel a bite from tariffs if they're not worked it especially between the eu and the u.s.? >> he will with the interesting fact is that the u.s. is not that dependent upon exports, nowhere near to the extent the british and other european powers are, or asian powers are. we are a very, very big domestic demand market. even if we did see a falloff in trade it would not necessarily

be enormous effect on gdp but it would be awfully good if they work out the trade wars. this is something mr. trump has done, taken upon himself to do, the reason for doing it is not at all clear to me. see larry kudlow, wonderful guy, long-time friend, fixing broken economics system of trade in the world. i don't think it was broken. i'm not worried at all about u.s. deficits. they take the money and buy u.s. treasury bonds. i'm not worried about that the all. cheryl: i like positive perspective. that has been a hectic week, changing things and breaking in the news. great to see you, ben stein. thank you, sir. >> always a pleasure, thank you so much. adam: we'll turn our attention out west where california wildfires are turning deadly. we'll have an update from the ground on the efforts to contain those flames coming up. plus north korea handing over the remains of fallen u.s. heroes after six decades. what this means for the u.s.-korea relationship going

forward. that's next. >> these incredible american heroes will soon lay at rest on sacred american soil. we honor the sacred memory of every incredible american patriot who fought and died in that war. accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪

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. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. 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. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women

have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydration or infection. before taking verzenio, tell your doctor if you have fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. serious liver problems can occur. symptoms may include tiredness, loss of appetite, stomach pain, and bleeding or bruising more easily than normal. blood clots that can lead to death have also occurred. talk to your doctor right away if you notice pain or swelling in your arms or legs, shortness of breath, chest pain or rapid breathing or heart rate. tell your doctor if you are pregnant, breastfeeding, or plan to become pregnant. common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. i'm relentless. and my doctor and i choose to treat my mbc with verzenio. be relentless. ask your doctor about everyday verzenio.

adam: fallen heroes returning home. families of servicemembers killed during the korean war during remarks at the white house this morning. take a listen. >> at this morning a plain is carrying the remains of some great, fallen heroes from america, back from the korean war. i want to thank chairman kim in front of the media for fulfilling a promise that he made to me, and i'm sure he will continue to fulfill that promise as they search. adam: joining us now is claudia

rosette, independent women polly forum president. the 55 remains, that is small portion of 52, 5300 in all north korea has. is this a legitimate move by the north koreans or should we be expecting more? >> we should be expecting more. it's a good thing for the families. we should welcome home everyone of those men who fought incredibly important war and held the line at the end but there is a great deal more north korea should do. it should ship home the rest of the remains. kim jong-un, his regime needs to account for people who have been abducted by north korea over many decades from japan, from europe. potentially even americans. we would like an accounting whether north korea ever did kidnap a young american named david sedon 14 years ago. then the further accounting i think, we should expect in this

way of sort of restoring some, making, doing things that matter in the way of effect testifily saying, sorry we're returning these, is we still need a real account what they did to otto warmbier the young american college student who was finally released after more than a year held incommunicado with such severe brain damage that he died. adam: i want to keep talking about north korea but we have to get into the fact that vladmir putin has invited president, president trump to moscow, perhaps after the visit to the united states, that president trump has offered after the first of the year. how should we look at this? should president trump go? is this a good thing? is it a bad thing? what does it mean? >> first of all i think it means that vladmir putin is very good at stirring the pot in washington. he has just done it again. he sent out a formal invitation. he mentioned in a speech, not to

russia with love. >> no, exactly. this turns into people leveling accusations at trump. how dare even consider it. at the same time actually, i don't think that it's time for hysterics. this is possibly somewhere out there. i don't think that president trump should say yes. if he meets with vladmir putin again, i don't think it should be on vladmir putin's ground. if he does it again it should be with a clear idea where it is going. more should be said to the american people. i wouldn't panic yet. this is kind of way out there. adam: move south from moscow over to turkey.

the president has said, turkey is a member of nato, but said to the turkish strong man dictator, whatever term, authoritarian, whatever you want to use, mr. erdogan, time u.s. will impose large sanctions on turkey for the long-time detainment of pastor andrew brunson. they have not still released pastor brunson. will we see movement on that or will erdogan stand up to president trump? >> i think so. i think the term i would use for erdogan is dictator. he is prime minister for 15 years. turkey under his rule is going in a terrible direction. will he actually release the pastor? i hope so. i don't think we know. but i do think that president trump is taking the right approach. he is not trying to appease and soothe erdogan. adam: erdogan, he is a nato

member, yet isn't he buying arms from russia? >> that is the problem. turkey is in a very bad transition right now and i think drawing some kind of clear lines with turkey is kind of a good idea. now it is tricky and turkey has an interest in remaining friendly with us to on extent. erdogan has been trying to play everything against the middle. i think to say american doesn't abandon its own is a very good move by president trump. adam: claudia, appreciate you being here. thank you very much. >> thank you. cheryl: here is another look how markets are ending the week. the dow and the s&p closing higher for the fourth week in a row. that is the longest winning streak in six months. not so for the nasdaq. lower for the second week as the tech sector continues. thank you, facebook. adam: there was hysteria from the mainstream media. now how a growing economy is causing liberal pundits to rethink their claims about the trump presidency.

cheryl: plus tall tales from trump tower? rudy giuliani firing back at new allegations from michael cohen. alan dershowitz. harvard law professor responds to both sides coming up next. ♪

copd makes it hard to breathe. so to breathe better, i go with anoro. ♪ go your own way copd tries to say, "go this way." i say, "i'll go my own way, with anoro." ♪ go your own way once-daily anoro contains two medicines called bronchodilators that work together to significantly improve lung function all day and all night. anoro is not for asthma. it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes,

or eye pain while taking anoro. ask your doctor about anoro. ♪ go your own way get your first prescription free at anoro.com.

i have to tell you something incredible. capital one has partnered with hotels.com to give venture cardholders 10 miles on every dollar they spend at thousands of hotels. all you have to do is pay with this at hotels.com/venture. 10 miles per dollar? that is incredible. brrrrr! i have the chills. because you're so excited? because ice... is cold. and because of all those miles. obviously. what's in your wallet? adam: former trump attorney michael cohen claiming the president knew in advance about the infamous trump tower meeting between his son, donald trump,

jr., and the russians offering dirt on hillary clinton during the 2016 election. the president's current lawyer rudy giuliani, had this to say. >> i guarranty you, this guy is a proven liar. >> i hear what you're saying. >> a year ago, when he wasn't his lawyer, people in your profession told me this guy will flip because he is inherent pathological liar. adam: here now is retired harvard law professor and author of the case against impeaching trump, alan dershowitz. good to have you here, professor dershowitz. let me ask you, trying to figure out this claim, whether it's real or not, does it help anybody? who does it hurt? because we don't have any evidence, even cnn, which had the story first, said there was no evidence that mr. cohen could prove this claim. >> if this is the best cohen can offer i don't think he will get a deal from the prosecutor because this does not provide any evidence of a crime, even

assuming, which is very unlikely, assuming that president trump was fully aware of the meeting, fully aware who would be there, fully aware the woman was a agent from the russian government, fully aware that she was offering dirt on hillary clinton, doesn't come close to being a crime. just like a newspaper can accept information that was stolen by wikileaks or by manning, snowden or the pentagon papers. the first amendment permits a candidate to use information obtained unlawfully by a foreign agent as long as the candidate or the campaign didn't incite them to get the information, didn't give them directions. didn't say hack the dnc. there is no suggestion any of that occurred. if this is the best cohen can do, i don't think he will get immunity. the problem people like cohen, sometimes they not only want to sing but they're willing to compose because they know that

the better the story the better the deal. and so, even judge ellis, a federal judge supervising the manafort case warned about flipped witnesses who not only sing but compose. we all have to be concerned about that. adam: don't want to dwell too much on this, but very quickly though if cohen is contradicting what donald trump, jr. said under oath to congressional investigators, is that a problem or really a kinard, nothing to worry about? >> first of all cohen has to say it either under oath or has to say it to a prosecutor, fbi agent. then you have equality, you have, if there is a direct contradiction, then maybe somebody has to decide who is committing the crime of lying to investigators. maybe neither. maybe they just remember it differently. every mistake is not a crime but right now, we have cohen not under oath, not talking to an agent. adam: right. >> making allegation that

allegedly contradicts a statement made under oath. generally you believe the statement made under oath, rather than the statement made to the media. adam: want to jump to an issue that will come back when the house returns from august recess in september. this is the issue, mark meadows and jim jordan introducing the potential to impeach rod rosenstein. saying we'll not do that but hold in contempt. could this backfire on supporters of president trump? >> oh, absolutely. i have an article in the hill yesterday saying that trying to impeach rosenstein for something that's not a crime would be used by the democrats if they regain control of the house and they try to impeach president trump, they will say, even republicans say you don't need a crime in order to impeach. in my book, the case against impeaching trump, i prove the history, the intent, the words of the constitution require a crime, treason, bribery or other high crimes and misdemeanors. constitution means what it says. yet republicans are now saying

no, no, we can impeach him because he should be recused. he should be recused that is not ground for impeachment. or failing to comply with subpoena requests. they're weakening republican case by making absurd argument. they are withdrawing to their credit. adam: i learned to give harvard lawyers last word. my daddy is one like you. alan dershowitz. thank you. >> thank you. cheryl: we have breaking news on facebook much the company and ceo mark zuckerberg are both being sued by one of its largest shareholders after the stock tanked 19% yesterday. lawsuit is saying social media company misled shareholders about its business. the stock price fell when the truth became apparent. the company filing lawsuit, any large-scale investors who lost $100,000 or more yesterday on facebook to reach out to them. they're looking to add to the size of this lawsuit. adam: will be interesting to see

how it plays out. first, free speech for all unless you happen to a conservative or a republican. growing calls for twitter to stop hiding content from several prominent conservative users. ronna romney mcdaniel, chair of the republican national committee is one of the people accusing the tech giant of political bias. she tells us her story, and how twitter is responding next. plus a deadly explosive wildfire. the latest on the fight in california where a wall of names are taking down everything in its path. ♪ what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95

online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. wlet's do it. ? ♪ come on. this summer, add a new member to the family. at the mercedes-benz summer event. lease the glc300 for $429 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.

when you combine ancestry's with its historical records... you could learn you're from ireland donegal, ireland and your ancestor was a fisherman. with blue eyes. just like you. begin your journey at ancestry.com at crowne plaza, we know business travel isn't just business. there's this. a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. cheryl: twitter shares dropped double digits after dropping double digits it users and claims of restricting conservative results.

interest trump said we will look into this illegal and discriminatory practice at once. twitter denying the claims. ronna romney mcdaniel says her account was affected. here is what she told me earlier. >> vice news article, twitter with many republicans when you would search their name, for example, you would put in rona mcdaniel it would not populate with my twitter account. that would happen across the board. that is called shadow banning. prevent followers and prevent people from finding my page. it only happened to republicans those. it didn't happen to my counterpart at dnc. this feeds into our concern. the rnc sent a letter two months ago to twitter asking us to talk about these practices. we're very concerned about their transparency. we see it play out, the only time they came forward with the president calling them out in this article and the article calling them out. they said they would remedy it. why are they suppressing conservative voices? cheryl: why are they?

investors took notice. pressure on the stock. you don't want president trump to come after you if you're a publicly-traded company, especially twitter, his favorite means of communication. jack dorsey tweeted about this, suffice it to say we have a lot more work to do to get people's trust how we work. but twitter, the company is trying to make social media a nicer place. what do you make of that? >> well i think it is concerning when you have these social media platforms run out of silicon valley acting like the thought police and it is concerning for conservative users who use their platform, the biggest user being the president of the united states, to see that republicans, pages are being suppressed, this is a practice. we don't know how they're choosing which users are being sup is pressed. how are they determining who gets pushed down, who doesn't. i want to see transparency. we asked for it from twitter two

months ago. finally after being called out on only now they're coming forward. that is not good enough. cheryl: you seen this long time ago. you seen it in the twitter feed and talking to conservative colleagues, you say the exact same thing is happening to me. >> vice news proved it. they did comparison between the dnc chair and my page. what is the rational? why did this happen? why can't you find my page but you can find his? this goes to broader concern conservatives have heading into the election. is silicon valley going to be the thought police? will they determine we don't like your views on things, so we'll suppress them. that is something concerning for all americans. we believe in freedom of speech. more than anything we want to know the social media platforms are being fair, honest and transparent with their users. cheryl: ron that, you mentioned the midterms, something like this would fire up the base, have exact opposite effect on democratic candidates, making people more angry if they lean

republican, maybe they're on the fence and see this, that will fire up the republican party and those voters? >> we need our users to speak out. we need them to talk to the platforms. let them know you're concerned. we use facebook, twitter, all the social media platforms to communicate. if they suppress conservative voices they need to be transparent about that. i think they will lose a lot of users if that is that view point. cheryl: thank you, for speaking out about that. >> thanks for having me. adam: wildfires continue to blaze across california killing at least go and forcing hundreds to evacuate their homes and businesses. jeff paul is in los angeles with more details. reporter: we're learning at least two died fighting the carr fire, a firefighter and bulldozer operator. firefight remembers pleading with nearby residents to evacuate now, aing the fire is extremely dangerous moving without any regard what is in

its path. that fire has scorched 44,000-acres and 3% contained. it scorched dozens of homes and force ad a evacuation after a local tv station in the area. firefighters hoping people that live in the area listen to their warnings. >> what we tell people in situations like this. don't wait for a knock on the door. don't wait for a phone call. if you feel threatened leave. reporter: further south crews worked to retain the ferguson fire. in california outside of palm springs, investigators believe the cranston fire burning at 11,000-acres was intentionally set. authorities in riverside county charging a 32-year-old man with 15 felony arson accounts relating to nine separate fires. that suspect to be arraigned at this hour. with the forecast of dry and hot conditions, firefighters believe there is no relief in sight. back to you. adam: that was jeff paul, thank you. cheryl: a global recession with

no end in sight. how president trump is debunking climbs from the mainstream media. ♪ ♪ 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. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia.

cheryl: signs of strength. president trump leading our economy to 4.1% gdp in the second quarter. not a lot of people thought he could do it remember headlines like these? if trump thinks he can get more than 3% economic growth he is dreaming. trump's 3% growth target looks out of reach. yep, all of those headlines crossed. republican strategist ford o'connell, do you think they got it wrong? >> of course they got it wrong. if president trump came out in favor of oxygen they would

oppose it and try to prove they were right. president trump was elected to take a different approach. right now it is working. this is victory for president trump, he is delivering on his promises and victory for the american people. it means more money and more jobs. really referendum on tax cuts and deregulation which is at the heart of the trump pro-growth agenda. cheryl: despite the good news today, the dow lost 76 points. nasdaq under a lot of pressure and technology. with the president overhyping gdp number he maybe took the fun out of it today for investors and maybe they were disappointed they didn't get 4 1/2% or 5%? >> no. because his concern right now really is not investors. it is actually voters. 100 days out from the midterms and if he wasn't touting this number, essentially his detractors would hijack the narrative. he will continue to toot his own horn. i'm delivering for the american people and delivering more jobs and putting money in your pocket. at the end of the day it is about voters. nice to have investors

happening. we know why market is tanking because of facebook and google. cheryl: and twitter. it is interesting, we have the midterms, getting very close to midterms. how do you think the report plays out when it gets to election time? >> positive economic news is always good for the party holding on to white house and congress. this will help him most with is suburban voters, particularly female voters which republicans are having trouble with. it helps on margins but they have to make sure they turn out voters. >> we were talking during the commercial break about dems will bring millenial socialists out to the polls. so much to talk about, ford. we'll have to have you next week to discuss it. ford, thank you for being here. great to see you. >> thank you, cheryl. adam: late-night talk show wars are going to new extreems. >> i'm about to jump out after a airplane. that is crazy. i can't believe i'm doing this.

you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... : . erty ♪ this endangered species is getting help from some unexpected friends. these zebra and antelope. they're wearing iot sensors, connected to the ibm cloud. when poachers enter the area, the animals run for it. which alerts rangers, who can track their motions and help stop them before any harm is done. it's a smart way to help increase the rhino population. and turn the poachers into the endangered species. ♪ ♪

in the movies, a lot of times, i tend to play the tough guy. but i wasn't tough enough to quit on my own. not until i tried chantix. chantix, along with support, helps you quit smoking. it reduced my urge to smoke to the point that i could stop. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or suicidal thoughts or actions with chantix. serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking or allergic and skin reactions which can be life-threatening. stop chantix and get help right away if you have any of these. tell your healthcare provider if you've had depression or other mental health problems. decrease alcohol use while taking chantix. use caution when driving or operating machinery. the most common side effect is nausea. my favorite role so far? being a non-smoker. no question about it. talk to your doctor about chantix.

stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com

i'm about to jump out of an airplane with tom cruise. i can't believe i'm doing this. i'm just amazed to hear. this is great. i'm so impressed he's going skydiving. between you and me i was expecting him to text me and tell me he was canceling. i've been trying to get a hold of him for the past couple days. >> admission he was forced to accept. >> how long will we be in the airplane. >> 15 minutes. >> is there a mail service. >> no. >> the worst problem is if we all die, i will get zero press. a mission he was forced to

accept. tom cruise convincing late-night host james cordon to a mission impossible like done, skydiving at 15000 feet, tethered to a professional. >> you've done the. >> at it years ago and once was enough. that does it for us. evening at it starts now. >> i am thrilled to announce that in the second quarter of this year the united states economy grew at the amazing rate of 4.1%. we are on track to hit the highest annual average growth rate in over 13 years, and i will say this right now and off it strongly as the trade deals come in one by one, we will go a lot higher than these numbers. >> the president now pushing back on the narrative out there in the media that the u.s. will not sustain growth at 4%. with the president right, is