reynolds wrap is hiring a chief grilling officer to travel the country for two weeks sampling barbecue from all over the country. it pays $10000, you can even bring a friend. >> now i'm really hungry. >> evening at it starts now. >> we want to put unprecedented pressure on the government of iran to change its behavior. so far they have shown no indication they are prepared to do that part what they did today violates iran deal. >> what i fear is that we will someday make it more likely that either iran has a nuclear weapon because they decide we violated the program or we will have a conflict. the president has made it clear repeatedly that he viewed the nuclear deal as one of the most important in diplomatic history. i thought he was right on target. we are not going to allow iran to get nuclear weapons. it's a hundred 80-degree

reversal from the failed obama administration. >> the trump white house strikes back. europe is now moving to sort the white house as iranians continue to risk their lives in protest and strikes against the country's collapsing economy, corruption and more. to the blood he weekend in chicago, at least 11 killed, more than 70 wounded and shootings across the city. protesters again calling for democrat mayor to step down. what is the fix to this growing mass? thank you for joining us. money, politics, we have the debate on the headlines. i'm elizabeth mcdonald. the evening at it starts right now. ♪ ♪ ♪

♪ ♪ ♪ let's get your money. look at this for the dow up 39 points at 25502. look at this, less than 1% from record territory. the season is still in full swing. profits are up more than 20% versus last year. more on your money but first, the u.s. restoring some of the sanctions on iran that were lifted under the nuclear deal. at midnight tonight the white house will launch phase one of its plan. it will prevent the sale of raw material to iran like alluvium, steel and coal and other target trade like goal. then phase two kicks off in three months in early november. the u.s. government, the white house will call on all allies to stop buying oil from iran. prices are already going up

from a week ago. iran is practicing. [inaudible] here is mike pompeo tweeting 90 days ago president trump withdrew the u.s. from the failed iran deal. today sanctions on the regime reimpose to counter its activity. the regime must use iran's resources to help the citizens not support terror and enrich the leadership of joining me now is president of the american promise for democracy, doctor judy. your reaction to the snapback sanctions. >> i think history will show as of tomorrow, august 9, 2018, that a lifeline was given by the american president to the iranian people. president obama, back in 2015 gave a lifeline to the regime and even with that lifeline was billions for doing nothing but this the thought of a nuclear deal but at the end of the day there economy is weakening. two thirds have lost its value

in the last 6 - 9 months any the with that now with sanctions going in on the regime, the people are saying on the streets that finally there are people listening to us for the american government is listening, enough, death to the dictator, enough to the aid of terrorism in the region, genocide in syria. i think this will be a day that will show finally america is on the side of the people. >> here saying the clerics are now standing up quickly, that's what he just said. memory showed with their sermons yesterday that they're saying we are against the ruling clerics, the mafia that is in control right now and we are for a liberalization for the real moderates but there have never been any moderates in control in iran since 1979. that's always been an allusion to say that the ronnie's are more moderate than others but that was all basically nonsense but we are now

showing the only feasible plan is one that makes the iranians turn inward and actually allows them -- >> they are risking execution and the death penalty by taking to the streets. what you said is a bombshell that clerics are now standing up. sanctions could lead to a second iranian revolution. >> the regime has a lot of trouble. the currency has lost 80% of the value in the past year. there are protests going on in cities all over the country and the real imposition of the sanctions, no matter what the other governments in europe or asia say about the iran nuclear agreement 2015, there are businesses that are not going into iran because it's risky business.

they basically don't want to make the choice that will shut them out of the american economy which is putting the sanctions back on oil. i think if the government in tehran is sensible and not extremist which it usually is, it will come back to the table for its own well-being or there may well be a second iranian revolution. >> so clerics are now risking their lives talking back against the iranian government, the people on the streets, what is your tak take on europe trying to force the. >> europe might be upset because they put money into selling airplanes and other things but at the end of the day the sanctions will flip back on them because american sanctions will be put against anyone doing business with iran. i don't think they can afford that. as he just appropriately said, even those who were trying to sell airplanes and other things, they're only doing it with the regime. if an economy doesn't have

american influence in of the people are marching in the streets, this revolution is much bigger than all nine because it's in the smaller towns where the clerics are being taught the islam so this is being pushed back against the root power of the government which is the religious leadership, which is different than it was in own nine. ultimately europe doesn't want to enter that on top of now new american sanctions kicking in pet i think it will all go away. they will follow the lead of america. >> iranian people are saying we have so much more to offer the world then islam and the idea of jihad to be exported around the world. we are entrepreneurs in this country, we want a different change, a way of being. member this, when the obama white house gave 56 billion back to iran and admitted some of that money would go toward funding terror. let's watch. >> ththe president was quite forward leaning in advance of

the deal being done knowing that iran supports terrorism and hezbollah and the asad regime. it's really possible that some of the money that iran has are being used for those purposes too. >> so why give them the money if they're going to fund terrorist terrorists. >> it just belies common sense that you would hand over billions to a regime where it's people are saying they never saw a dime of it. it went to keep the thugs in power and actually allow them to live and suck their population dry and torturing minorities and vulnerable populations like women and others and prevent the change that actually would have happened. those who say regime change never works in the middle east, the iranian people have now lived under 39 years of bureaucracy. they won't swing back to even worse, they're going to go back to more secular democracy, different from the

monarchy and very different than the theocracy. i think ultimately we will see positive change the matter what happens and no one can ever prove that the money, even in the last three years ever went to the people. it always went to the thugs in charge. >> we love having you on. come back soon. >> thank you. we are talking about the eu slamming the white house decision, they're trying to launch countermeasures against the u.s. sanctions in iran. they are saying they will let european companies hurt by u.s. sanctions to try to see the american government amid concerns that brussels cannot provide adequate protection for european companies operating in tehran. the european commission is tweeting out that protecting european businesses and limiting the impact of the sanction, the eu blocking set enters into force tomorrow august 7. look who's here emma the best guy around, judge napolitano.

can they sue the u.s. government. >> they would cancel but it will be dismissed because the u.s. ever met enjoy sovereign and immunity so cannot be sued for the economic consequences of his behavior. if we drop a bomb in syria and we miss and it hits the wrong house, the people whose house was destroyed can't sue the united states government for official behavior. there's one exception to this in the modern era. this is the case with all governments. congress enacted a statute over president obama's veto to allow the victims of 911 to sue saudi arabia. that case is downtown in lower manhattan working its way through court. they're still taking discovery. so they can rant and rave all they want about president trump's decision but they can't sue him personally and they canceled the u.s. government. >> take on bend road sang the trump white house violated the iran nuclear deal.

how is it a violation? >> president obama knew this can be a treaty because he couldn't get two thirds to ratify. this is called an executive agreement between barack obama, president of the united states of america and whoever was the head of the government of iran. once one of those two changes, and they both change since then, the agreement can stay in place of they both agree or can just be abrogated if one disagrees. donald trump ran for president saying he would not comply with the agreement. >> is an abrogation of violation. >> no it terminates the agreement because you have a new president. the only way donald trump hands would have been tied as if this was a treaty along with the constitution but it wasn't a treaty. so the issue, here's the complex issue. what about the companies doing business in iran because the british government was part of this agreement and they have not abrogated. can president trump sanction

those comes companies? yes. can the british government insulate those companies from sanctions? i don't know how they could. if he says to a british automobile parts maker, say rolls-royce, you can't sell jet parts to iran and if you do you can't engage in the american banking system, that could cripple rolls-royce. >> and he sanction european countries doing business with tehran. >> yes but that will provoke all kinds of retaliation, almost the equivalent of a terror that i don't know that he wants to do it but he can do it. >> judge, we want you back on the show to break down. thank you so much. let's check your money. all three major indices closing in the green. the dow is up. let's get to nicole who is on the floor of the stock exchange with the latest on your money. >> the earnings optimism help the green on the screen on wall street after five weeks

of gains. the dow is up 39 points. here's a look also at pepsi after it's been announced that the ceo will be stepping down from that role october 3 and the position of chairman in 2019, taking over for her is one of her lieutenants who is a 22 year pepsi veteran. she told the board about a year ago that after 12 years she was ready to do something else with her life and to plan for her departure. at&t sold off late in the day after reports came out that the justice department ignored at&t time warner deal. we also saw up arrows for tyson foods after their quarterly reports. >> cynthia next and now says democrats need to embrace socialism like she does. coming up we have that debate.

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shocking footage out of venezuela. venezuela, the government there arresting six people in connection to to drone attacks. the drones allegedly attacked with plastic bombs that flew

toward niclas madero during his speech on saturday. one crashed into a building and the other was diverted by the military. he was not harmed. he described the attack which injured seven soldiers as an assassination attempt. socialism has driven this once prosperous oil country into a state of collapse. venezuelan inflation is predicted to hit 1000000% this year. over one and half million people have fled the country since 2014. there's no water, no food, no no power, no medicine. people eating out of garbage cans. joining me now is red barn. this is a corrupt socialist dictatorship that collapsed on our doorstep. we did anything we would be accused of yanking imperialism. we can't step in unilaterally and do something there, right. >> i certainly wouldn't advocate that and president trump is in advocating that,

but there are organizations in latin america them i do something but they haven't done anything either. meanwhile the people in venezuela are suffering just the way you described it. to work this way. the military steps in and a dictatorship is inevitable and that's exactly what we see in venezuela. >> that's why bernie sanders refuses to acknowledge that socialism is an economy at the tip of a gun. look at the video of madero's army reacting to the drone. they ran away. his own people are coming after him and his troops run. earlier today wall street journal told stuart varney that they are letting iran and other bad actors that up shop in venezuela. watch. >> they insisted a direct

white back in fourth to tehran and the masters. they love migration crisis because it allows them to plan people they want in those mobs of people that are crossing the border which is what you have in venezuela right now. >> all of this is a very strong warning to the socialist and the democratic party, right? >> what doesn't appear to be, they seem to be ignoring it. cynthia nixon just announced she's for socialism and the young woman who was one the democratic primary in new york city is and were going to give everything to people for free. they can have free college, free healthcare and free other things because that socialism and she claims it works. it never works. >> ththe president of venezuela last week said our economic model has failed. we have failed.

what switch gears. airlines like united, delta, american and spirit airlines are cutting back on flights to tourist spots in mexico after reports of violence, rising homicide and travelers blacking out and even dying from drinking tainted alcohol. in a particularly bloodied stretch in april, 14 people reportedly killed in cancun in just 36 hours. later that month, five bodies were found stuffed in a car there. take a look at airline stocks. they all ended in the green. airline said tourist don't want to go to mexico. what's your reaction. >> i don't want to go there either. i was in south america this winter and talk to many people from venezuela because more than a million people have fled venezuela to other latin american countries. they are the happiest people in south america now because they are out of the country

that is in total collapse. >> but mexico, what's going on in mexico is rising homicide rates, and some places reports indicate there on the level of what's going on in the middle east, and fred, with tainted alcohol, what they're talking about is methanol that in other words these tourist hotspots, the risk resorts that have infinity pools, people go up to buy a cocktail it has methanol in it and the body metabolizes it as formaldehyde and people are dying. we fail to recognize what a state of chaos mexico and parts of it can be. >> mexico is not where venezuela is and there's other countries that are in great shape like chile and mexico has a new president. let's see what he does. i'm not getting my hopes up, but there is something new there. what we shouldn't believe is this, madero says okay we've had some trouble in venezuela but we have a recovery plan

that will really show that we can build a new venezuela. boy, i'm not counting on that. >> we love thing you. come back soon. >> twitter is in trouble again, blocking another conservative. conservative commentator candace oh and saying twitter blocked her for re- tweeting controversial quotes from new york times editorial board member. you can see her there. coming up we will explain, but first, another bloodied weekend. at least 11 killed and 70 wounded in chicago over the weekend. activists again demanding that mayor emanuel resign. is that the answer? what else needs to be done? my next guest says he has ideas and thoughts about this. he is kevin jackson and he is speaking out after the break. stay there.

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defeated. we won't be overrun but that small group, that small element that is committing these reckless acts. we will not, i promise you we will not be defeated. liz: a terrible story heard 'round the world. at least 11 killed, over 70 wounded in shootings in chicago over the weekend. 14 of those shot under the age of 18. one as young as 11. within a 2 1/2 hour time span, 25 people were shot. parts of city being called a war zone. activists demanding that mayor and former obama chief of staff rahm emanuel step down. kevin jackson is here. is that really only answer that he should step down. what is your reaction? >> come on chicago has been dealing with this issue for decades. it isn't just rahm emanuel's problem. the problem the democrats continue to look the other way. i suggest that they plant a black russian say maybe he was involved with the trump

campaign. liz: now, now, now. >> i'm just saying. what is going to take? people in chicago are dying every day. in fact, liz, we don't know the official body count right now. they still got to look into a few dumpsters and figure out where other bodies are. we've been following chicago for the better part of three years on my radio show and every week we get the body count on monday. it changes by tuesday, the number of people shot, the number of people killed. we're not dealing -- liz: people want this to stop. little or business economic development on the south side. businesses won't go to a shooting zone. what is the answer? >> the answer we have to address real underlying issues of violence in these communities. it leads back to leadership, liberal leadership, that claims to be progressive, claims to care about blacks. claims to care about all issues that led to very thing we're discussing yet it solves no

problems. what do they do? they blame the police. was looking at randy moss wore a tie that had 12 black people on his nfl induction ceremony, 12 blacks killed over decades and he is wearing those those as badge of honor as if police are out hunting blacks. that is the not problem. the problem is always the same in every city, whether it is baltimore, whether cleveland, detroit or any other major cities you want to name. it is power structure being led by leftist democrats who pretend to care about blacks when they don't. and the very blacks who are being oppressed by this are still voting these people in. donald trump said he would send troops into chicago to get things fixed. i hope he does that. because rahm emanuel knit going to do it. rahm emanuel said take it to the alley when a 12-year-old was shot in the streets. he told gangbangers to take it to the alley.

liz: rahm emanuel was busting a move at a southside festival. that is neighborhood experience. that looks like bad optics, no? >> bad optics. if rahm emanuel, leaders in the cities depend on, they depend on the very same people that create problems in black neighborhoods. they meet with them and backdoor meetings and divide up the city. the rahm emanuel does not want to solve this problem because if he did, we would see active enforcement in these neighborhoods. blacks are crying out. meanwhile what is rahm emanuel doing? he saying hey, chicago is sanctuary city. not for citizens. not for the black citizens on the west side and the south side. many of whom are under the age of 50 who are dying daily? liz: how do people of chicago react to the sanctuary city status? >> i would venture to tell you the, certainly blacks are pretty disappointed that while many of them are dying every day at the hands of a criminal element,

rahm emanuel and the power structure are looking to bring in more illegals and pretend that, pretend that, you know there is sanctuary city there. there is no sanctuary city in chicago for blacks who are suffering daily from this. liz: kevin, great to see you. thanks for coming in. >> you too, liz. liz: thank you very much. democratic gubernatorial candidate, cynthia nixon says you need to embrace socialism like i do. we have debate. twitter blocking another conservative, apologizing to candace owens after briefly locking out of her account. she did what "new york" magazine advised to do, take the tweets and substitute words. you won't believe this story. stay right here.

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a group of people because they were white. she swapped out white in the words in jeong's tweets and put in different words, like african-american, or jewish. one tweet are white people genetically to burn in the sun and live underground like goblins? we take violations of the rules very seriously, after reviewing her account we made error. take it up with the political power panel. kelsey, the controversy, "the new york times," yeah "the new york times" hired somebody practicing hate speech. you know what is interesting, new york's magazine andrew sullivan did same thing candace owens did, took white out to make the point she is practicing hate speech.

go ahead. >> thank you for having me, liz. high ironic in banning candace from twitter, twitter actually proved her exact point, that there is a huge double standard when it comes to how we deal with race in america. somehow it is okay to disparage entire broad groups of white people but then nobody rightly so would find it acceptable to say the same thing about black people, african-americans or jewish people. i think candace made a very good point. twitter did the right thing, by apologizing. liz: here is the answer from the "new york times," danielle. "the new york times" is getting lasted for an incompetent response to criticisms of its hiring of sarah jeong. here is what they said. for a period of time, sarah jeong responded to harrassment on twitter imitating the rhetoric of her harassers. she sees this approach only served to feed the vitriol we see on social media. she regrets it. we don't condone it. here is why this is being

criticized danielle. this is what the "times" says is nonsense. jeong responded to trillions on twitter by responding to slurs for two years. she didn't answer the trillions directly, right. she went on and on for two years. go ahead. >> i have no reason to doubt the "times"'s reporting of their "times"'s explanation for this. ironically what sarah jeong did and candace owens did the same thing, turning slur on its head to see what reaction was like. twitter made a huge mistake. she should have banned all of them or none of them. agree completely with kelsey, candace owens shouldn't have been banned since others were not banned at all. liz: "wall street journal" reporting that mark zuckerberg's company is now asking large u.s. banks to share with the social media company their bank customers account information like credit card transactions and checking account balances. facebook claiming it is all part of an effort to offer new banking services to its users. reminder facebook daily active users down according to last

quarterly report. the stock ended the day in the green but downtown for the month. privacy controls, not so state-of-the-art. now they want our bank account information? >> this is case of unfortunate timing for us to find out about this because it is coming off the heels of a lot of users being very upset about facebook selling and profiting off of our private and personal information without being transparent. i will say facebook has the right to use its information that it garners from us, using its platform but i think it has obligation to be transparent about that. liz: pretty scary. do you want your checking account information on facebook? >> i certainly don't and i think banks should actually take a lesson from what happened to facebook in the fallout they faced and wait a minute, we need to learn more about this, take it slowly, although i do think this is the natural evolution where companies like facebook are looking to move. liz: danielle, facebook telling fox business that the report

they take issue with it? they're saying they're only asking for financial transaction data. then facebook went on to say it does want users to link their bank accounts to the facebook page so they can keep track of data like account balances and receipts and the like. i mean they're claiming they will not use the information for advertising. do you believe them? >> well, after cambridge analytica and 87 million people's data given to a third party we have the right to be a little bit concerned about what facebook wants to do. they say it is opt in. from a political pr aspect this is horrible idea especially now. the stock tanked 19 points, facebook is on the rise looking for new markets. liz: do you think people will unplug once they see the bank account on facebook? i know you can opt in? it is not trending so great in terms of user count, kelsey, quickly. >> facebook needs ton

transparent whatever it wants to do. needs people to opt in when they're sharing sensitive information. liz: you will be right back with us. antifa day live and well on the west coast. dozens of arrests over the weekend. coming up we talk about the protests and hough damage they caused. first democratic gubernatorial candidate, cynthia nixon, democrats start embracing socialism like i do. our next guest will take that on. former george w. bush deputy assistant brad blakeman. we'll explain the story after the break coming up. >> i am proud to be one of a small but growing number of candidates to identify as a democratic socialist. [cheering] with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost.

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by calling and saying that you will give a $25 food box to help a family in need in israel. thank you and god bless you for your support. >> i'm proud to be growing number of candidates to identify as democratic socialist. the establishment is terrified of that word, socialism. republicans will call us

socialists no matter what we do. so we might as well give them the real thing. [cheering] liz: but here's the question, does she understand what the real thing is? democrat gubernatorial candidate, is cynthia nixon said go ahead label me a socialist. democrats should be a socialist. 42 men and women in 22 different states running for office as socialists at difficult levels this year. democrat socialist of america, 48,000 members. take it up to deputy assistant to former president george w. bush assistant brad blakeman. do they know what a socialist is. >> i remember a time ago you called a socialist it die famed them. moist of my democratic friend reject it. they think our party is shanghaied by a small group so far of, candidates. who, who label themselves as such. but they're candidates.

they're not supporters. they're not backers. they're putting their name on the ballot as democrats. very dangerous. liz: this is made-up term. there is no economic model for it. >> right. liz: it is socialism. they're talking about being progressive which is fine, you can be progressive if you want. you talk about socialism, they point to the nordic countries saying the in orderric countries have successful socialist model. denmark, norway, they say we're capitalists with big welfare programs. we're not socialists. knock it off. >> in america, socialism means what the fringe candidates are saying. everything is free. there is minimum wage that will be providedpy the government. there is universal health care. you don't have to pay for anything. problem somebody has to pay for it. somebody has to be making money. the way you make money in america is being capital isic. you go to work, you get paid. you have to work product.

you stand on your work, your ability to work and perform. this is not in their vocabulary. my question to them is, who is paying? by the way, how do you get the money? liz: exactly, they're turning kennedy's state of the union sentence, that iconic, statement that he made, socialists like they are, they're saying ask what your country can do for you, not what you can do for your country, right, brad? >> worst demand from your country. liz: right. >> this isn't america. by the way in the midterms, using their newfound socialism, look at the difference between donald trump administration and a socialist administration. donald trump is unleashed the power of the individual, reduced the power of government through regulation, put more money in individual's pockets. the best thing for america is changing money between us, not sending money to the post to spend -- liz: what is so infuriating, is our universities have systematically cranked out these students who don't understand

the economy, economic models, their enumerating. they have people all of sudden think they are politicians. never studied what these economic models mean and the fall out there. i talked to people in socialist countries. they would say to people like cynthia nixon and bernie sanders, come live in our country and see what we endure. >> get a free trip to venezuela, spend a week there, see how you like socialism. socialism is a failed experiment that should be in the dust heap of history that is now being rekindled for the very reason you just fav. they have no experience. they have no knowledge, they have no history. liz: basically an economy at the point of a gun. the military runs the socialist economies. >> absolutely. >> democrat california senator kamala harris blasting critics of identity politics. let's take a listen to this. >> i have a problem, guys, with that phrase. david: identity politics. that phrase is used to divide

and used to distract. it is used to try to shut us up. these issues that they're trying to diminish and demean, are the very issues that will define our identity as americans. liz: you know kamala harris does have a point. what she is saying is, stand up against racism. stand up against the anti-gay attitudes in this country. stand up for women who have been oppressed. that's okay but the problem is, splitting up people into areas of victimhood and not having economic policies or other policies that would bring people up. it is, and i'm talking about being aspirational here, go ahead. >> sure. all about victimization. always for democrats has to be a victim. not we're all in this together. how do we have commonalty, how do we come to agreement, how do we compromise. never about compromise with agreement. their way or highway, they know

best. if you're not with them, against them, you're being victimized. they are being victimized. liz: that is a problem. >> that is not what it is. you have to take responsibility which is not something democrats easily take to. liz: exactly. they don't, they shut their ears,. >> right. liz: you can't debate them. i know i have certainly been out trying to debate on panels, they shut their ears, won't listen, then they turn it personal, right, brad? they start attacking. >> politics of personal destruction. that is what has got to end in this country. we're all in this together. we need to find solutions together. liz: brad blakeman you're terrific. >> thank you. liz: antifa a live and well. in berkeley. damaging 21 vehicles. they slashed tires. some bystanders suffered minor injuries. we're bringing that to you, next. stay there. [shouting]

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liz: antifa still alive and kicking in california. berkeley police arresting 20 people, confiscating dozens of weapons as well. >> wooden shields. metal pipes. sledge hears. metal poles. these are weapons that can cause serious damage. liz: the police department posted pictures of the weapons seized. antifa group damaged 21 city vehicles, setting one on fire. taxpayers have to pay for all of that. let's bring back the power

panel. one antifa supporter punched a trump supporter. is this what democracy is supposed to look like? >> this is the opposite of democracy. antifa group is an underreported narrative since trump took office. we all have to think long and hard about how to cover groups like this. we don't want to see the beast and give them more media attention. but we have to denounce them when they employ violent tactics like they did over the weekend. liz: this just breaking. an i if protesters did accost charlie kirk and candace owens in philadelphia, p.a. police in portland making

arrests after clashes between conservatives and antifa protesters. >> this is one of the easiest things in the world to be against. they are neighbor white he prum sifts. -- white supremacists. they were there to provoke. there is a problem on both sides of the aisle. liz: we only have nancy pelosi condemning it. kelsey, where is the condemnation on the democrats' side? the silence is loud. >> i think when it comes to groups like the white supremacists, people unfairly link them with donald trump. but when it comes down to it, it's hate and violence and none of it is okay. community organizations

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liz: less than 7 hours before u.s.-iran sanctions snap back. adam shapiro is here with "making money." adam: the united states preparing to reimpose economic sanctions on iran in just a few hours. midnight tonight. we'll discuss how iran may respond to that. but first president trump touting tariffs to pay count national debt. china is calling the tariffs extortion. edward, how do you respond to that, extortion. reporter: that's very strong language coming out of china. there are no plans for the trade representatives to meet.