government itself. [closing bell rings] liz: good for bad. maybe we'll decide that. next week maybe we'll take it. josh, thank you. all green day. all major averages up for the week. we're seeing s&p, and russell at record new highs. have a good weekend. cheryl: i actually think this is a great way to celebrate the two of us, we were at a party. what a way to end the week. stocks rally into the close. dow up 134 points. wait there's more. s&p 500, nasdaq, russell 2000 are all closing at brand new high records. very exciting. it is first record close for the s&p since january. all of the major averages are ending higher. i'm kristina partsinevelos, filling in for melissa francis. ashley: i'm ashley webster this is "after the bell." more on big market movers, here is what else we cover on very busy day and

hour. president trump and first lady landing in ohio where they attend the state republican party dinner. they will tour a neonatal care unit. a look at nation's opioid crisis. we're keeping close eye on hurricane lane, triggering dangerous landslides and massive flooding. we're live on the ground in honolulu with latest on the storm. secretary of state mike pompeo no longer going to north korea next week. the president asking him, stay home. could trade tensions between china part of that reason that is happening? we'll get into it. we'll hear what steve forbes has to say coming up. >> we head back to the markets. it's a big day. all major averages ending in the green.

kristina: we go to nicole petallides at nicety. >> traders were waiting to hear from him at jackson hole. they got a very dovish fed head. with that the markets moved into the upside. the intraday chart gives you a look at 10:00 a.m. what happened. we close with the s&p, russell, nasdaq in record territory. many names have hit all-time highs on the s&p 500. take a look at a slew of consumer stocks. we've seen consumer stocks, tech stocks, energy stocks all in the green. but i will tell you we've seen earnings season year-over-year up 25% of the consumer feeling very strong. we're seeing that in all the

earnings reports. the part that also impressed traders i've spoken with it hasn't peaked. guidance has been pretty great going forward here in 2018. two names to watch. gap parent of gap, banana republic, old navy. old navy was the bright spot. look what happened to gap, missed same-store sales over all. here is look at tesla for the week, a winner up about 6% this week. some of the employees according to one report going over to apple. we know elon musk is working with morgan stanley. we also had goldman sachs working with a company with tesla. that will be an ongoing story. it is up almost three bucks today at 32 it-- 322.82. ashley: thank you, nicole. oil snapping a seven week losing streak. bring in back the smiling phil flynn. i enjoy your morning notes as

well, phil. we all do. >> thank you. ashley: i always have a hard time figuring out oil. we're told at one point there is a glut, too much of it. what is fueling the rally and price now? >> i think the glut was so last year. we're talking about one of the tightest markets we've seen in a decade. today we had a lot of news for oil. everybody thought china would stop buying u.s. oil because of the trade war. starting to realize, hey, wait a second, u.s. oil is pretty good price. china is back in the market for u.s. oil, tariffs or no tariffs. that really tightens the market. it shows you demand in china really isn't going down that much. so that is a big sign. you also have a strike in the north sea. total, talks broke down with the union. we'll lose more oil from the north sea, maybe 40 to 50,000 barrels a day. that will impact it. talk about jerome powell today, how about that? him with the gold today. he sounded like mario draghi.

he will do whatever it take, right? if inflation shows its ugly head or the economy starts to slow down, that really brought the dollar back down. gradual interest rates increases. ashley: shocker there the french are on strike. who would have thunk that. >> hard to tell. how did you know? ashley: phil, thank you very much. appreciate it. kristina: i got to follow-up with phil, he brought up the fed. we have fresh comments from fed chair jerome powell, boosting stocks to new record highs today. powell defending the central bank policy of gradual rate hikes for the first time since facing criticism from president trump. we have edward lawrence live in wyoming with the latest. edward, what are you hearing? you're in the mix out in the bush what it looks like but tell me -- reporter: out in the middle, moose and all, out in the middle. federal research chairman jerome powell outlined strength of economy as reason they go

forward with the gradual rate hike to get back to the neutral level. he said the economy is not overheating. he also said quote, adding, quote, we have seen no clear ion of an acceleration above 2%. talk been nation. and there does not seem to be elevated risk of overheating. this is good news. we believe that this news results in part from the ongoing normalization process. this is also part of the reason the market has been moving. where that normalization rate is, or that normal federal funds rate is is varying based on which fed president you talked to. we talked to atlanta fed president rafael bostic who believes 2.25 and 2.75%. in his mind he would see two or three more rate hikes now into next year. >> i would be comfortable with a move in sent, if the data comes in as we're expecting it. but if it comes in a little hotter that might impact my

longer-run trajectory. comes in a little cooler if, for example, we get a big sign that the auto industry is starting to struggle a bit i would be comfortable with a deeper pause. reporter: bostic says he sees companies hold back with wait and see attitude going forward. because of that the fiscal stimulus could go forward into next year. kristina. kristina: thank you, edward. for those that missed interview find it on foxbusiness.com. the full thing was great. ashley: good stuff. bringing in the moose. let's bring in today's market panel. carol roth, investment banker and dominic at tavella. this is the goldilocks situation, not too hot, not too cold. the markets liked what the fed had to say. dovish statement from the federal reserve head there, and markets seemed to like it. >> absolutely. once you can get the fed out of

the way and not worry they will accelerate any sort of tightening then you can focus on the actual fundamentals of the economy and the market which is what we want to be doing. we don't want to be focusing on just monetary policy and obviously from that standpoint things are going well. we have strong earnings, strong guidance. a strong consumer going back to school, then into the holidays. i think like you said. this is a just-right scenario. the perfect fairytale for friday in august. ashley: dominic, bring you in here, a lot of people we bring in what could end the record bull run. some said the fed being overaggressive. we have taken care of that, haven't we, dominic. what could knock markets off track if anything? >> you're absolutely correct. the fed is seeing what we are seeing, really growing economy, inflation relatively speaking inflation under control. what worries them stuff they have no control over. certainly what is going on in the white house.

trade negotiations didn't go that well in china right now. mexico got put on pause. i think it resolves itself next week. all the outside influences can take the little scenario and blow it up. ashley: thank you very much. president and first lady, as you can see they were arriving at the nationwide children's hospital in columbus. they will meet with doctors and administrators on front lines of the opioid crisis. those are the pictures you're seen. during the visit they will tour the neonatal intensive care visit. we will monitor it throughout the hour and bring you any comments. there might be from our president. and if he has anything to say we'll bring it to you directly. kristina: stick with us, we have to continue to talk about the trade between the united states and china and washington. talks also between the u.s. and mexico. sill seem to be happening. susan li following all the developments from the new york bureau. susan, what are you hearing in terms of anything progressing? >> start with china first of all. this is the largest trading relationship in the world, worth

$600 billion, with a lot to global gdp. we had the chinese delegation in washington, d.c. the stocks ended, no breakthrough. more importantly in the nuanced world of diplomacy, no follow-up discussion planned or scheduled at this point. meantime $16 billion worth of u.s. goods tit-for-tat, going into effect. u.s. tractors, u.s. autos, metal, textiles and the like. that is part of the $50 billion package announced earlier in the summer. given that these trade negotiations, midlevel trade talks ended without any breakthrough, no more follow-ups, means $200 billion threatened by president trump and tariffs at 25% that might be going into effect in september. that would impact apple watches, fitbits and speakers. guys, back to you. kristina: fitbit as well as down pillows and jackets as well. ashley: great. kristina: thank you very much, susan. got to get the panel to react.

president has low expectations for the talks. nothing really happened. what do you make of that? any progress or is this going downhill, carol? >> this is something i absolute arely hate. i'm a free market capitalist. i do not like trade rumors hanging over us. the fact we're not making movement is concerning for me. not always about the direct impact, but the fact if you let this go on too long, eventually businesses will stop making capital invests and that is going to slow the growth and that is not good for anyone. i do not like the fact it is not optimistic today we'll hold our breath and hope something happens in the next weeks and months. kristina: i will switch now, because we're talking about trade, we want to get everything in. we'll talk about nafta. i was there yesterday hanging around in washington, waiting for comments. seems mexico was optimistic, yet at the end of the day they just said they will keep talking. still no talk about sunset clause. dominic, what do you think of the situation?

can they follow through with this deal even if canada's not at the table? >> i think the general intent is to work it out with mexico. then that basically boxes canada into a situation where if they want to play they have to come back to the table and agree to the terms. they are more beneficial to the u.s. but going back to the situation with china, and now mexico, this thing can drag out for a really, really, really long time and perhaps it is an advantage to our trading partners to have it drag out into the november election that wouldn't be positive for the markets. kristina: great. ashley: all right. let's talk about tesla. we always like to talk about tesla. it is always in the news. concerns are rising over elon musk's capability to run the company. now employers are speaking out. one telling the "new york post," quote, elon talks about being a socialist doing good for mankind unless you work for them. it is a expletive show. we get the message. seems elon musk is untremendous stress. he hasn't taken a week's

vacation 17 years. he does interview with "the new york times," vacillates between laughing and crying this guy is under intense pressure. should he step aside as ceo? >> i certainly don't think he can step aside because this is the elon musk show for better, for worse. when you have these crazy geniuses, elon musk, steve jobs, sometimes they have very abrasive personalities and they need to have the sort of crazy, forward thinking otherwise they don't do things they have done. he has accomplished a tremendous amount. that being said he does need a strong partner. he needs to bring in a number two, be the adult in the room and hopefully work with employees and investors and twitter as well. ashley: to carol's point, he is a genius no doubt about it, he is erratic, has a habit getting on twitter. like the president he is thin skinned, and doesn't like short sellers. most of the angst is people

shorting his company. he takes it personally. can he get back on track and get the company back on track? >> he took it personally. unfortunately why he may have a problem with the sec let's not forget he doesn't just run company, he runs multiple companies. maybe should have an individual running each one of the companies completely separate. i think he can get it out e on track. he needs to get out of the hole he dug for himself. it may take a little time. ashley: it may indeed. carol, jack, thanks for joining us. how about this? noko is a no-go. secretary of state mike pompeo is canceling his tripe to north korea next week. steve forbes on why the president asked pompeo not to go and perhaps the connection with our trade stance with china. kristina: new developments in the criminal case against one of president's former attorneys, michael cohen. of the his long-time financial gatekeeper was granted immunity. we have the story next.

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kristina: the very public feud continues. president trump continuing to target his attorney general jeff sessions as he remains frustrated with the doj. all of this is happening as another trump associate is granted immunity by the feds. we have our own hillary vaughn live at white house with the latest. hillary, you have to break it down for everybody who haven't been paying attention throughout the day. what is going on? reporter: kristina this is the latest person from trump's inner

circle to get caught up in the legal probe surrounding hush-money payments made by michael cohen during the 2016 campaign. the ceo of the trump organization has been granted immunity as part of the federal investigators probe into all of this. this came after weisselbeg offered up critical information about cohen's payments made during this time. according to "the washington post," weisselbeg was one of the executives at trump's organization that signed off on reimbursing cohen for money he used to pay off two different women but the report says weisselbeg did not know at the time what the money was for, simply that it was for a personal matter. now this immunity deal does not protect weisselbeg from any separate investigations that may pop up, including the doj's probe into russian collusion, headed up by robert mueller. that investigation has been a sore spot for jeff sessions with the president who stepped aside

from running the probe as one of his first acts as attorney general, something that continues to annoy president trump. most recently the president engaging this morning in a twitter war with his ag, calling sessions out for a statement he released yesterday that publicly warned the president that his doj will not be improperly influenced by political considerations. the president, who refers to himself as a counterpuncher shot back in a triple twitter tirade, calling the ag, jeff, saying quote, jeff, this is great. what everyone wants. so look into all of the corruption on the other side. trump then ticking off a list of things he thinks the doj should be focusing on instead like the clinton foundation, surveillance of the trump campaign, russian collusion by the democrats, all things the president mentioning, then following it up by saying come on, jeff, you can do it. the country is waiting. finally signing off from this,

sessions ripping his attorney general on twitter saying this is all so unfair. there is a double standard at the doj. he is hoping jeff sessions gets to work and fixes it. all of this, as republicans in the senate question whether sessions is going to be around much longer after the midterms. kristina. kristina: hillary, the plot thickens i like your triple twitter tirade up to twister. thanks for. ashley: here to react to this heritage foundation senior legal fellow. all right, the back and forth between the president and attorney general getting uglier it appears. how do you think this whole thing plays out? >> well look the important message today of course was immunity given to the cfo of the trump company but i have to tell you that's only important if the testimony that he gives relates to the payments that cohen made

and if those are actually violations of federal campaign finance law and most campaign experts say it wasn't a violation of the law, despite cohen pleading guilty. that is not just me saying it as a former commissioner on the fec, but others such as brad smith, former chairman of the fec has said this is not a campaign-related expense. therefore it wasn't a violation of the law to make that payment. ashley: so why would they pursue this so vigorously if the endgame is not illegal? >> well, because look, they were able to force michael cohen into a ply agreement, so they got that but, if they actually have to prosecute this case they would probably lose. they have tried this once before. remember 2011, they tried to prosecute john edwards, former democratic presidential candidate, arguing that his payments to a mistress were

campaign-related expenses. they lost. and two other former chairs of the federal election commission at the time told the court that these were not campaign-related excepts. and therefore these rules and restrictions don't apply. ashley: but when you hear given granted immunity, it feels like something up their sleeve. they wouldn't grant it without some gotcha sort of information s that a possibility? >> well, yeah, it certainly could be but i think they're going forward, that is the prosecutor, on the claim that the information he has got about the payments made by cohen were a violation of federal campaign law. as i said experts on this, former commissioners say the u.s. attorney's office is wrong? this is not a violation of federal law. ashley: 10 seconds, the

president is pushing against the jeff sessions, come on open up the papers and documents, the country is waiting on you. does the president have a case? >> all the documents congress is asking for in the investigation, yes, they ought all to be declassified and all turned over to congress. ashley: we'll see if that happens. thank you so much. hanz for joining us, we appreciate it. >> thank you for having me. kristina: we'll switch gears. go to update on the health of senator john mccain, long- serving arizona republican and war hero has been battling brain cancer. today the family made the decision to discontinue his medical treatment. responses from friends and capitol hill colleagues are pouring in. senate majority leader mitch mcconnell tweeting, very sad to hear this morning's update from the family of our dear friend, senator john mccain. we're fortunate to call him our

friend, colleague. john, cindy and entire family is in our prayers at this difficult hour. we promise to give you update on his condition as we get them. ashley: meanwhile tech titans coming to the table. why some of the leaders of technology are joining forces before frankly it is too late. we have details on a time sensitive situation coming up. plus, rain continues to hammer down on hawaii as residents and tourists prepare for potentially massive flooding. we're live on the ground in honolulu after the break. ♪ i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪

ashley: hurricane lane now a category 2 storm off the coast of hawaii, bringing flooding, high winds and potential landslides to the island. we go to team coverage of the hurricane. fox news chief meteorologist rick reichmuth is live in the weather center. we have fox's steve harrigan live on the ground in honolulu. rick, let me begin with you, looks like, i don't want to

tempt fate, hurricane lane weakening just a bit but should we still consider it a dangerous storm? >> we've had so much rain from it already. over 30 inches on the big island. the west side, windward side, where you generally get that, that is where most of the flooding pictures we've seen come from. we always knew this would weaken as it moves towards the north. maybe it weaken ad little more dramatically today than we thought it would. that is certainly good news. rain spread out all the way across the hawaiian island chain. that is center ever the storm. but the eyewall we saw yesterday, collapsing in on itself. i don't think we have any chance of regaining any of that energy. we still have hurricane warnings for oahu and maui. that has been downgraded to tropical storm warnings for the big island as over cords kauai. we'll see winds get worse this afternoon and this evening across maui and primarily oahu.

take a look at this. this is what will happen. about the next, say, another 10 hours, it will slowly pull to the north. it makes a sharp left fun. once it does that it quickly getting away from at least the big island. that said, still plenty more rain. wind will not be a big problem. we'll not see direct landfall. not worst of the storm surge or the winds. look at this, additional rainfall yet to fall from the storm. you see that on the east side of the big island. maybe up to a foot of rain over the next couple days, same goes for maui. the western side where you have more population in both of those islands. oahu, you see maybe three to five inches of rain or so, as we move forward tonight into tomorrow. as far as the wind, that yellow, that is tropical storm force winds. this moves through time. see that around maui and oahu. the hurricane force winds will not make any way to the island

other than higher elevations, once you go up higher you get stronger wind. we'll see some of that, but where most people live it will not that be bad. tropical models. everybody continues to go to the north, make that right or left turn, we're very confident in that. still plenty more rain to be had. wind will not be as bad as certainly potentially we thought it could have been. ashley: could be worse as they say. we'll keep a close eye. rick, their very much. >> sure. kristina: fox news reporter steve harrigan is live. i spoke with a girlfriend staying with their family. some of the shelves, there was no food on the shelves. what are you seeing from residents? how are they holding up? reporter: there hasn't been a major hurricane here in 27 years, so people definitely extremely concerned, doing a whole lot of preparation, emptying, not only store shelves, gasoline stations, hardware stores as well, prepare for the hurricane to bear down or straight hit on honolulu or most models say it veers off.

uncertainty about that. conditions starting to change here, pick up in wind and a little rain. a lot of people out in the water behind me, including surfers trying to squeeze this last few hours out of the day at the beach. kristina: we're seeing some sleeveless guys. >> there is a lot of currents so it is pulling you. so if you're not a good swimmer, stay out of the water. >> i think it will be fun. i understand the conditions and i'm kind of excited. but if i get out there and it is dangerous and i'm out but it's going to be fun. reporter: the police have been out to the beach to warn people to stay out of the water or at least think about getting out of that water very soon. the waves we're seeing here, three to four feet. it could get higher to 15 feet as it gets closer. it is a slow-moving storm at 2 miles an hour. that rain already devastating as rick said on the big island. the challenge this island, while they have resources in place. you can't get in your car to

drive away from it. people are to shelter in place, try to have two weeks of food and water to do that, to ride out the storm. back to you. kristina: steve, want to make sure, you're not a surfer are you? reporter: absolutely not. kristina: you stay dry there with your jacket. thank you very much. steve. ashley: he didn't have to think about it. people casually walking around. kristina: in their bathing suits, sleeveless tops. ashley: secretary of state mike pompeo not to visit north korea this weekend as planned. what does that mean for the big effort to get the rowing regime to end its nuclear weapons program? we'll discuss that next. ♪

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to get great advice. call today. a place for mom -- you know your family, we know senior living. together we'll make the right choice. ashley: citing lack of progress with denuclearization, president trump calling off secretary of state mike pompeo's trip to north korea, tweeting quote, i asked secretary of state mike pompeo not to go noter cree at this time pause i feel we're not making sufficient progress with respect to the denuclearization of the korean peninsula. in addition with our much tougher trading stance with china i do not believe they were helping with the process of denuclearization as they once were despite the u.n. sanctions in place, he puts in brackets. he looks to go there in the future most likely after our trading relationship is resolved. i would like to send my warmest

regards and respect to chairman kim. i look forward to seeing him soon. at least he ends on a warm note. steve forbes from "forbes" media chairman. good to see you. he came out of that summit with chairman kim, it was hands raised, done it, we are on the right path. there was a lot of skepticism. appears the skepticism is well-founded. appears north korea is not making steps we like to see them make. >> i think at the time no one thought the it was resolved. the process was started. unlike previous president, this one won't feel the need to show progress and make concessions in advance he shouldn't make. he will walk away. before the first summit he walked away. in effect he is having pompeo do the walking away this time. ashley: the bottom line we know russia is continuing to help out north korea. there is no doubt about that you can't stop them from doing it. he does mention china, suggesting they're slipping back into the old habits helping out

north korea even though they haven't, they have kind of stretched away but the trade tensions may have fueled some of that. they're upset with the u.s. perhaps going back to helping north korea. do you brief that? >> i do. but i think the chinese know this president won't hesitate to hit them again instead of backing off. we hope these figure shuns now going on in washington -- negotiations in washington hope to get the ball rolling to resolve this whole thing. i make a point, if you could wave a wand, stop the trade tensions, market would go up 25%. 5000 points. profits are up, jobs are being created. wages rising first time in memory. ashley: what did you think of the fed's assessment today? it was kind of dovish. from a market point of you everything is great says jerome powell, but we'll take the time raising rates. it was perfect for the market. >> it was. one of the things you have to watch out for the fed, they

believe they can guide and control the economy and have a strange theory that prosperity causes inflation. that if your pay is going up, you are overheating. talk about over heating economy. your pay goes up. my temperature is going up. cool off, throw me out of work. it's a strange thing. we have to watch the fed to make sure they stand aside. let the economy take its course. ashley: i want to change gears completely. i have to ask you about senator john mccain. he announced he will stop taking treatment for battle with brain cancer. i'm sure over the years, you had your conversations with senator mccain. what would you tell me about him? >> he is what you see. brave man. an outspoken individual. doesn't hesitate to go against the grain. doesn't hesitate to go against the powers that be. and he demonstrated that in wartime. he demonstrated that in peacetime. a rare man in that sense. >> did you talk to him many times? >> we did, competed in 2000.

unfortunately he did better than me. ashley: he was gracious about it. >> he is always gracious after the fight. he will fight fiercely. sometimes has a temper. always at end of the day, shake hands, move on to the next. ashley: steve forbes. >> great man. ashley: thank you so much. >> thank you. >> kristina, back to you. >> on your mark, get set, sold. some. most expensive, beautiful collectibles classic cars in the world being auctioned off in pebble beach, california. our own adam shapiro is there taking it all in. so stay right here for more. ♪ thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too.

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kristina: all-star lineup, not talking about myself and ashley. some of the most expensive cars in the world are up for auction at the annual concord in pebble beach, california. adam shapiro i want our viewers

to know is the man. he is a big, big car guy. he is there with details. we couldn't have sent a better person. adam? >> thank you, k spies parts. they are going to spend $342 million next three days on the monterey peninsula. gooding company is official auction house. 180 million on cars coming up for sale. meet dave kinney, he has been a guest on fox business before. we talk about cars but when you talk about the value of cars, he is the author of the haggerty price guide. i have to ask you, we have this dues send is berg. gooding and company says it will sell in excess of 10 million. you know numbers. why 10 million? >> this is one of two. owned by gary cooper. hahas a fantastic history. there are as many pictures from the '30s as there are from the '50s, documented unbelievable

car. i think $10 million is cheap on this car. >> you right the haggerty price guide. you can go online, year of car, make of the car, everything from a duesenberg and studebaker. i've done, the studebaker i like is 23 grand and duesenberg is? >> we have data points. studebaker will be from the united states and canada. we have sales information. insurance information. all the stuff we gather. we put it together and do the yoda test, does it make sense. we go ahead and put those numbers in the book. >> speaking of the yoda test, i will test you on this car. this is beautiful restoration of a beautiful 1938 bugatti. this was according to david gooding, from gooding and company, a barn fine. now look at it. it will go for what, $2 million. >> at least. some people don't like the styling. i love it. i think this is gorgeous car.

bugatti one of the finest marks ever built. this car has a lot of excitement going. like this duesenberg. >> we're talking about 45 to 60 million-dollar ferrari. 10 million-dollar duesenberg. lasted a vice for people may want to buy a car. there is no clear that they will hold value. >> research, research like location, location. in real estate. sit on your hands in the first auction. watch what goes on. second auction, start making noise. >> the price guide is on line. i fantasize about cars. i have gone into to see what they're worth, $23,000 studebaker i want is not a avante. i still think 23 is too much. you can find your car. kristina: thank you very much for sharing it. adam has pictures of cars in his office. ashley: yes he is a true fan. don't cough at the auction you

end up buying one for 300,000. thank you, adam. breaking news on the trade front. canada's minister of foreign affairs saying look, the nation is encouraged by progress in bilateral nafta discussions with united states and mexico but canada is focused on diversifying trade relationships encouraging europe and asia. good for you guys. we are looking elsewhere. what it seems. kristina: what is appears. silencing, i switching to conservative views. got president trump slamming social media for with he calls the silencing of millions on its platform. we will have more next. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

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kristina: tech companies are reportedly meeting today to discuss election security as president trump continues to turn up the heat on social media companies tweeting this, social media giants are silencing millions of people. can't do this even if it means we must continue to hear fake news like cnn, whose ratings have suffered greatly. people have to figure out what is real, what is not without censorship. we have to dig into this right now. hereford o'connell, republican strategist, civic forum pac chairman. this meeting reportedly happening buzzfeed saying it. do you think it is too late given the midterms are coming up so soon? >> i don't know what they can do about the midterms, to be honest. hopefully use the best practices to move forward to help news the 2020 elections. they're behind the eight ball. they know it. they are getting a lot of public pressure and getting a lot of public pressure. hopefully they figure out how to prevent foreign actors influencing our action. i hope they focus beyond russia, and focus on north korea and

iran and china, because it is more than russia trying to influence our elections. kristina: do you think they will push for government intervention or independent body will censor social media for all of us? >> i don't think the government should be in the business of weighing in on this matter, at least in terms of respect to how its american users go about pushing information back and forth. buff i think the government has to take a serious role. if you're conservative, these companies are becoming a public menace, in a lot of reality no more powerful tool to get your message out, than facebook, youtube, and twitter. facebook 68% of americans use it and 50% of american adults get their news from it. given to be control the conversation sun real. kristina: power to control the national conversation, face it towards twitter. ceo jack dorsey could potentially speak in september. do you think he will share anything about that? do you think he will testify?

what could we possibly hear about testimony coming from him? >> we don't know what jack door sis is going to say, but i say jack dorsey will push back against government intervention but he admitted to another network, essentially the people within twitter that regulate the information are essentially millenial progressives who despise conservatives. i don't know what it is twitter is going to do. hopefully better angels of twitter realize it is not good to be biased towards one side. hopefully the better angels of capitalism will make it a more even playing field. kristina: there was a "new york post" columnist today said facebook, i know you know the story, censored her story. this is an example, yes. are there enough examples showing conservatives overall have been censored? do you think there is leg up there to go against the social media companies? >> if you see what happened to the "new york post" columnist, she wrote a story as reporter, put it on facebook, essentially facebook decided to remove it because they didn't like the content.

she tried to go to hell and back until they actually put it back up there. my concern if they're doing something to journalist from the "new york post," what do you think they're doing to the average person who has absolutely no recourse. we have lots of people outside of folks like alex jones this is happening to. president trump to right to shine the spotlight on this. whether you agree or disagree with him censorship is not a good thing in america. kristina: are we willing to give up the privacy for the use of all of these social media platforms? seems like we are, which is another discussion for you. maybe at a later date. thank you very much, ford, for joining us. >> got it. thank you. ashley: no such thing as privacy anymore. i think we've all decided that is the case. kristina: definitely on this show, no. ashley: from that to this, one drink a day may not keep the doctor away i'm sorry to say. details on a new study could push drinkers worldwide to give up booze! good luck with that we'll be right back. note ♪.

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ashley: take a look at this. all the major averages ending higher today with brand new record highs for the s&p, nasdaq and russell 2000. a good day indeed. time to break out the champagne or maybe not. cheers to no beers, apparently. a new warning for drinkers worldwide. there is no amount of alcohol that is actually beneficial to your overall health. that according the a global study by the university of washington's health metrics and evaluation. boo. boo, humbug. kristina: researchers found that alcohol led to 2.8 million deaths in 2016 and was the leading risk factor for premature death in those aged 15 to 49. ashley: they said a glass of red wine a night is good for the heart. there are still people that say that. but over a period, this study was done over 26 years, they say even one glass of red wine overall, the risks outweigh the benefits.

kristina: it's a whole thing, moderation. is that really what we wanted to tell everybody on friday afternoon? ashley: i called the survey rubbish but they tell me i can't say that. kristina: doesn't mean we're not going to go have a drink after this, right? ashley: absolutely not. "evening edit" starts right now. john: thank you, ashley. president trump canceling secretary of state mike pompeo's trip to north korea next week, saying the trade tiff with china is contributing to problems with north korea. a dozen of the largest tech companies in the country meeting today to prepare for the midterm elections. but they have already taken down hundreds of misinformation accounts originating out of russia and iran. is it too late? the war of words continues between president trump and attorney general jeff sessions. trump telling sessions he should be investigating democrats. we bring you the latest. thank you for joining us. thank you for watching. money, politics. we have the debate behind