industrial average. [closing bell rings] closing the week for record high day two straight. s&p 500 too close to call. that is is it for me with countdown. david asman and melissa francis pick it up for "after the bell." melissa: brand new record high for the second day in a row. s&p 500 struggling for gains in the final minute of trading it could close at a new record. we'll see where it settles out. i'm melissa francis. david: this hour is anything but settled, so much breaking news we don't know what to do with it all. we'll present it to you. i'm david asman. this is "after the bell." more on big market movers. here is what else we're covering for you. it is not exaggeration. a very busy hour. stunning new report coming from "the new york times" of all places. deputy attorney general rod rosenstein suggesting secretly recorded president trump or at least was thinking of doing

that, working to remove him from office. the paper citing unnamed sources. we'll bring you details and reaction from the white house. meanwhile new twists in the drama surrounding the confirmation process for supreme court nominee brett kavanaugh. the legal team for the woman accusing him of sexual assault says she is willing to testify next week but only under certain conditions. a live report from capitol hill where things stand right now and they are changing by the minute. plus google has been accused of censoring conservatives. now we're learning some employees were considering tweaking search results to push an anti-trump agenda. the shocking details on this straight ahead. among our guests this hour, forbes media chairman, steve forbes. former cbo director, doug holtz-eakin and republican strategist ford o'connell. melissa: let's get back to the markets. the dow ending with another record close, second straight

day. the 101st record since election day. connell mcshane on the floor of the new york stock exchange. connell. reporter: melissa, strong economy overriding concerns about a trade war is kind of a weekly theme and that continued for the dow and we look what led that major average higher you get an idea how people are seeing the world if you will. the dow leaders included mcdonald's, 3m and boeing. as far as our math is concerned those three stocks accounted for about 2/3 of the dow's advance. think about 3m and boeing if we were concerned right now about the prospects of trade war and what it would do to global growth you would think those stocks are down. that not the case. they have been and continued to go up we saw a little bouncing around at the close. nasdaq finished lower, s&p as well. we expected that with expiration of futures and options contracts, rebalancing of indexes would lead to volatility

and pickup in trading. tech in general was weak. we're highlights one of the weaker stocks in the dow today. micron went up last night after reported earnings but then its forecast was below expectations and the stock started to trade lower and continued that into the day. adobe another tech stock. homebuilders weak into the close. jpmorgan put a note out saying for housing in 2019 they think the housing market might be somewhat subdued. the homebuilders took it on the chin as a result of that. big picture, records continued. we definitely saw it yesterday. we saw some of the same today. energy with a good day. energy stocks were moving higher today. the big thing for next week, melissa and david, expected to be the federal reserve. wee focus on interest rates going higher. we'll see if we continue gains for stocks. melissa: connell, thank you. >> with our booming economy,

which is now. we can easily say is greatest economy we ever had in our country, stock markets yesterday, i believe they're up today, that means today, but stock markets yesterday hit the highest they have ever been in the history of our country. david: president trump touting new records on wall street, what he calls the greatest economy in the history of the united states is he right? let's bring in today's market panel. jack hough, baron's senior editor. carol roth, investment banker. carol, i love this economy, i think it's a booming economy. in 84, 7.3% of, every year after 4% or more. >> it might not be the best of all time. it is fairly tale economy. i come back to goldilocks.

goldilocks is eating pour rage and keeping bears at bay. it is better that the fact it is not overheating. i think the fact it is growing nicely and moderately gives us the opportunity to extend it for longer periods of time than something that heats up and cools down quickly. david: jack, 1984, 7.3% under reagan, then 4% something and another 4. i like it, last time you were here you said you were beginning to become a trump believer. >> oh, no be, no. david: i was quoting you jack. >> i'm with the president, people are calling this greatest anything in history of ever. look the economy, i have few complaints at this point. we saw really good signs this week. stock market gains, combined with that 10-year treasury yield pushing higher. that is what you want to see. shows things are heating up.

good time to be buying cyclical stocks. because the economy is getting stronger, not weaker. melissa: moving on to walmart. the retailer issuing a warning to its customers saying it might have to hike prices because of on going trade war with china. jack, this seems very convenient to me. i feel like when gasoline and oil prices go up and they will use any cover because they're excited to raise prices. >> walmart is a storefront for china. this is not surprising. i mean this is going to be the front lines of prices going higher. unfortunately these price hikes that we're going to see, who it will hit the most? people with lower and middle incomes, spend higher portion of their income. a lot of people will wipe out whatever they got from the tax cuts. we don't like to see this. melissa: i don't know about that. carol, i bet just like with the airlines, and gas prices, when the trade war is settled, and the tariffs go away they will

lower prices back down. no wait, no they won't. >> no. this is like when there is a so-called bad weather and ends up being cover for something. melissa: right, yeah. >> we never recover for that. certainly certain products will be affected. a lot of products are not affected that will somehow magically raise to meet those price levels. we won't see it come back down again. the good news the consumer is optimistic. i don't expect that is going to quell their purchasing. i think there is a lot of appetite going into the holiday season. so i think that walmart and its shareholders potentially will be the beneficiaries. melissa: consumer confidence is through the roof. guys, thanks. david: jack's confidence. what else do you need. the bidding war for sky is on. comcast and 21st-century-fox, the parent company of fox business currently battle for sky in a rare takeover auction. susan li live with latest how

all of this is going. >> we're ready for a quick-fire round of auctions, three rounds of bidding. today was the final round of comcast or fox and disney to withdraw their bids. neither of them have. so here we are. 5:00 p.m. is when they can start making the bids. first round fox bids and comcast counterbids in second round and third round is sealed envelope bid-off with the uk regulator will announce the bids, basically saturday evening. we have shareholders of sky voting on the winner over the next few weeks. but you would imagine that one comes through with the highest bid would probably win the sky assets. now it is complicated as we know fox already owns 39% of sky and wants the rest it doesn't own. comcast already put in a higher bid than fox. sitting at 14 pounds 75, for comcast, higher than the 14-pound bid fox put in. look how sky is trading right

now, i will convert it to u.s. dollars, sky is trading higher than bids put in at $21. the market anticipates a bidding war to take place on saturday and those bids should be going up. how much higher? hard to say at this point. we have game theory at play, according to a lot of analysts basically put in a bid that gives you the assets but you don't want to overpay for sky, that will be tough to do. as we know that disney has taken over fox, for $71 billion the anticipation was they were going to get control of sky although that might be in question over the next 24 hours. guys, back to you. david: exciting times. susan li, thank you very much. melissa. melissa: google accused of censoring conservatives. we're now learning that some employees were considering tweaking search results to push a liberal agenda, no kidding. the shocking details on this ahead. david: meanwhile we're still waiting for an answer whether or not the president's supreme court nominee will get a chance to defend himself in public and

still no word whether his accuser will accept congress' invitation to tell her side of the story. we have a live report from capitol hill where things stand coming up. melissa: stunning new report coming from "the new york times." deputy attorney general rod rosenstein suggested that he was thinking about possibly wearing a wire to secretly record president trump and then work to remove him from office through the 25th amendment. david: what? melissa: right. david: unbelievable. melissa: this is our justice department for you. we'll take you live to the white house for the details on this. and reaction, that's next. >> if the president believes the piece in the "new york times" and the president is severest critic of "the new york times" in the country, but if he believes it, i'm sure he will fire rod rosenstein. that will create a tremendous amount of turmoil in the justice department.

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david: a cause for firing? "the new york times" reporting deputy attorney general rod rosenstein suggested last year that he might secretly record president trump and use that recording to prove that he was unfit to be president. blake burman is live at the white house with this blockbuster report. hi, blake. reporter: hi, david. released by "the new york times," at least posted by "the times" within the last hour or so, two main accusations here or at least reporting points i should say from the "times." the first that you just went over, one that rod rosenstein, the deputy attorney general at one point last year suggested that he had secretly rodded president trump. that is one part of this. the other, "the times" reports that rosenstein had talked about recruiting members within the cabinet from the highest levels

here of government as it relates to potentially invoking the 25th amendment. that is a clause that would allow members of the cabinet to remove the president or begin process of doing that. rosenstein released a statement denying all of this. it reads in full the following. quote "the new york times" story is inaccurate and factually incorrect. i will not further comment on a story based on anonymous sources who are biased against the department and advancing their own personal agenda but let me be very clear on this, based on my personal dealings with the president, there is no basis to invoke the 25th amendment. chuck schumer released a statement, one way to view this the way the top democrat views it, this story must not be used as pretext for the corrupt purpose of firing deputy attorney general rose 10 stein in order to stall an official who will allow the president to interfere with the special counsel's investigation. that is one avenue which democrats are choosing to look

at this. there is a whole host of ways that you could break this all down, that you could spend the whole show doing it if you wanted to. david: no doubt, all the talk shows will spend the whole weekend the we'll start right now. blake, thank you very much. reporter: yep. melissa: we could see conspiracy theories here forever. brad blakeman, former senior staffer for george w. bush. there are so many pieces of this. first up, give me your theory what you think is going on here? >> based on the anonymous article that appeared in the "new york times," there is something very strange about mentioning the 25th amendment in particular because that is the same kind of language used by high level official supposedly who remained anonymous who said they were trying to garner support for the 25th amendment. is rod rosenstein anonymous or unraveling of anonymous? melissa: so that's one of the conclusions that a lot of people, one of the questions now that is at the forefront. did he pen that op-ed?

there are similarities there. rosenstein's statement, he says "the new york times" inaccurate, factually incorrect. he won't comment on anonymous sources so another it is not true. let me be clear based on this, based on my personal dealings with the president there is no basis to invoke the 25th amendment. that is not like i didn't try to do it, i didn't think about it, no, you shouldn't do it. but andrew mccabe, he came out and made a really interesting statement, do it in the short form, basically he made memos of every meeting he had with people that were above him in the fbi and that he kept a set of those memos for himself, and he gave a set of those memos to the special counsel. this supposedly came out of one of his memos. so it would be easy enough to check if you were special counsel mueller. you have got those memos.

start leaving through them, is there a note in there where he says today, rod rosenstein said this to me, right? >> absolutely and what's troubling is this seems to be systemic of the resistance towards the president from the very beginning of his presidency and, we know that the fbi, some senior level officials had it in for the president even before he was elected. so this doesn't bode well for the fbi leadership currently and past. and if i were the president i would certainly want to get to the bottom of it, and the other question, is the new york types baiting the president to fire rod rosenstein? melissa: so that is a huge one. let me ask you, it is so outrageous, do you believe it really happened? do you think this conversation really went on where where rod rosenstein suggested taping the president and using a secret recording to organize folks to remove him? do you think that really

happened? >> i think it is absolutely possible and if anybody told me a year ago senior level officials at the fbi would be tweeting each other and talking about influencing an election because they didn't like the president, they were going to stop the president, i would say come on that is fiction. that can't happen in america. well it did happen. i don't put anything past the fbi at this point. melissa: so chuck schumer left out, basically implied it was the white house itself leaked this story to the "new york times" through other sources since they're not known for working together very we, white house and "new york times," that maybe somebody there put it out as part of a campaign so he would have cover to fire rod rosenstein. there are others who think like you said, maybe "the new york times" is trying to bait him or somebody on the other side, bait the president into firing rod rosenstein so it creates this big crisis ahead of the election. what do you think of those two theories? >> i think there is collusion at the fbi with either past or

present officials in the government, to take down this president. and i think this is just another further example of it. i don't think the white house is at all, is cooperating with the new york times, nor do they need it. they're making up stories on their own all by themselves. melissa: all right. brad blakeman, thank you for your time. >> appreciate it. david: if anyone told us three years ago, or even two years ago what would be happening now, what is happening now, we would say forget about it. not even netflix -- melissa: if you was a movie, you would walk out because it is outrageous, to happen in real life. david: wild times, folks we're livering through it. trying to delay a vote, what is it? lawyers for kavanaugh's accusers setting conditions for the testimony so what happens next. guess who is trying to take credit for the booming economy once again, the man on the left, you guessed it. who really deserves the praise? two of the brightest economic minds on the planet, steve

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bring your challenges. david: negotiations intensifying. senate judiciary committee making offer for kavanaugh's accuser christine blasey ford for a possible hearing next week. edward lawrence on capitol hill with the latest. reporter: republicans made a counteroffer they would like her to testify on wednesday. we should know by the end of the day if that is going to happen. the ranking member on the committee, senator diane feinstein announcement, made knowing that dr. ford said she couldn't on before thursday. these are serious allegations should be treated with gravity

and respect. ford's attorney does not want any questions from lawyers, only committee members. she wants judge brett kavanaugh not to be in the room as well as she wants kavanaugh to testify first. the counteroffer has ford testifying first and only one camera in the room to videotape the proceedings. republicans for their part are sticking by kavanaugh. >> you watched the fight. you have watched the tactics but here is what i want to tell you, in the very near future judge kavanaugh will be on the united states supreme court. [cheers and applause] reporter: this turned very ugly. fox news obtained emails where judge kavanaugh's wife is receiving very graphic death threats. so is kavanaugh himself as well as accuser, dr. christine ford is receiving death threats. >> i do hope that she testifies but i deeply respect her hesitation given the ways in which her life and her family's

life already have been disrupted by attacks, by disrespect, by death threats. reporter: president donald trump weighing in on twitter saying judge brett kavanaugh is being untraded in an -- treeded unfairly in assault by the radical left-wing. he went on to say if the attack was as bad as she said, charges would be filed by local law enforcement by her or her loving parents. kavanaugh reviled his desire to go under oath and reclaim his name, to hold up his reputation. republicans want him confirmed by october 1st. it that happens wednesday, it could happen by october 1st. david: that is david. edward lawrence, thanks. we have former strategist for justice neil gorsuch for his nomination hearings. we heard the letter judge kavanaugh put out, i want to read a part of it, gets to the heart of question of his own

reputation. i continue to want a hearing as soon as possible so i can clear my name. since the first moment i heard the allegation i categorically, unequivocally denied it. i remain committed to defend my integrity. this guy has a spotless reputation. can he ever get that back? >> i certainly think he can. he does still carry a tremendous amount of respect. when he is confirmed on the supreme court he will start doing great work. and you will start seeing it in his legal opinions. one of the biggest things that he can use to his advantage is time. fortunately it won't happen overnight but it will happen over time. we saw that with clarence thomas. he is widely respected -- david: let me focus on justice thomas for a second because a lot of people say since, anita hill had an fbi investigation look into her charges we should do the same here.

bottom line, there was an fbi investigation of anita hill and her claims were found to be, i'm quoting now, without foundation, her claims were without foundation but the taint of the anita hill hearings stay with him to this day. a lot of, perhaps you and others would say he is without blame in that incident but a lot of other people think otherwise. it will be hard no matter what happens for judge kavanaugh to escape what's happened here? >> i think one of the things though, if ford does testify, that and she does not, she does not give a compelling, she just not deliver a compelling appearance, there are holes in her testimony, that will also help on the reputation front. david: that's true. >> absolutely. this is a jump ball though. we don't know where it is going, if it actually happened. david: right. >> i kind of tend to think because there is complete delay on agreeing to do this and that

we're almost at, what, end of the day where we're supposed to know whether or not she is going to do it, feels like delay after delay. i don't know if it will happen. david: even if it doesn't happen, whether it does, if judge kavanaugh becomes justice kavanaugh on the supreme court, now you have op-eds in "the new york times" and elsewhere by democrats talking about impeaching justice kavanaugh if he does get confirmed. what do you think about that? >> i think that would fire up the conservative base big time. that could be used, conservative voters wouldn't like that. they would be pretty fired up going into the november elections, that is for sure. once he son the supreme court, it will be very difficult to get him out of there. and, you know, there could be another opening on the court sometime in the near future. so, i think that is a lot of happy talk. david: yeah. >> you would really have to have conclusive evidence in order to get that, plus you have to get that through congress. i just can't see that happening.

david: ron, we have to make this quick, a lot of people suspect democrats are just trying to delay the process until after the election when they hope to take over the senate and essentially block any nominee for the next two years. how long, if judge kavanaugh, withdraws or does not succeed, in becoming a justice, how long would it take for a new nominee to be confirmed? >> first of all i agree this smacks of politics. no question the democrats are delaying it. ford has a democratic operative helping her. every day that goes by is a day that helps the democratic party. david: how long would it take to confirm another nominee if cavanagh withdraws? after the election? >> no. it would be after the election. david: okay no justice gorsuch took 67 days. this is taking a couple of months for cavanagh. that is about the average, 67 days. david: ron, thank thank you beig here. have a great weekend. >> you too. melissa: stay tuned for fox business for extended two hour

coverage with lou dobbs on this very busy news day. there you go. troubling news out of silicon valley, how google was trying to take search results into anti-trump propaganda. that is shocking. we have the new details. ♪ i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes,

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so he turned to his friends at legalzoom. yup! they hooked me up. we helped with his llc, contracts, and some other stuff that's part of running a business. so frank can focus on the beat. you hear that? this is frank's record shop. and this is where life meets legal. agent beekman was one step ahead of them. because he hid his customers' gold in a different box. and the bandits, well, they got rocks. we protected your money then and we're dedicated to helping protect it today. like alerting you to certain card activity we find suspicious. if it's not your purchase, we'll help you resolve it. it's a new day at wells fargo. but it's a lot like our first day. david: more allegations of political bias at google. internal emails talked about how

to tweak search results to promote opposition to president trump's travel ban. hillary vaughn is in the l.a. bureau with the latest on this hi, hillary. reporter: people in management level positions discussing ways to use google search to push back against the president's travel ban were just spitballing ideas and google isn't taking any action against them because nothing was ever changed. all this sparking from explosive email chain shows google employees were thinking of ways they could change results so users would see different things when they googled certain words. a part of the conversation, merrill stone, head of consumer partnerships at google, clement wolf, global public policy manager, stacy chan, global public partnership manager were in on the thread. marketing manager makenzie thomas floating the idea in the thread they should actively count search teams like words related to top i can including words like mexico, his pan --

hispanic and muslim and islam. i know this would require a full on sprint but i think this is super timely and important information that we need. google products manager ramybana, chiming in response to thomas's idea. we're absolutely in, mckenzie. anything you need. excellent initiative. google says the proposed changes never happened and it is against company policy to alter algorithms based on political biases. clement wolf adding to the conversation asking how partisan the company should be on this issue saying, would we be willing to open access to ngos that actually support the ban? google gives me this statement in response to all of this, saying these emails were brainstorms of ideas, none of which were ever implement our processes and policies would not allow any manipulation of search results to promote political

ideologies. even though google is saying the employees were cooking up ideas not even possible because of their own controls they are not taking any action against them because they say nothing came of the conversation. david. david: hillary, outstanding reporting. congratulations, thank you very much. melissa. melissa: here to react, civic forum pac chairman, republican strategist ford o'connell. ford, what is your reaction? >> that is a very convenient theory being put forth by google, and if viewers believe that i can get them a good deal on the golden gate bridge. this not first time google shown a willingness to put a thumb on the scale for democrats an progressive issues. there was turning out latino voters in favor of hillary clinton in 2016 presidential campaign. google is left-leaning progressive company. the question how do we make sure they insure fairness when it comes to search results? melissa: the fact that they felt free to have these emails flying back and forth, that says they

put it in writing, whether or not this is against policy, they never would have done it. you don't generally put something that is totally against policy in a company email. unless you think it is just fine with your company, right? >> no. i think you're absolutely right. look where there is smoke there is fire. this is why it is so troubling okay? basically google when it comes to search engines and search results has a virtual monopoly. 60 to0% of all search queries in the united states go through the google search engine. nearly all human information flows through google, essentially they have the ability to shape public opinion in this country in politics or on issues i don't know anything the russians or chinese could ever dream of. melissa: i think it goes even further than that. you know, people that join these organizations that go to work for them who had political ambitions before they got there and may have seen the opportunity that this kind of platform presents. i mean somebody like sheryl sandberg, for example, who is in

washington, has a lot of political ambition, did long before she went to work for first google or facebook, she is one example. what do you think about that? >> i think you're absolutely right. this is an epidemic runs throughout the tech community, particularly in silicon valley. it is not just google. you see it with facebook, twitter, other social media and tech companies. my concern here right now google is essentially, when it comes to how americans process information, how they frame and form their opinions, it is the most powerful internet company on the planet. essentially it can actually throw an election. that is what as americans we have to be worried about. if you're a democrat, bee this is great. let me tell you something what is good for the goose, is good for the gander. we have to insure that for all americans. melissa: you have to ask what is the remedy? because it can't be getting more government or more government into the companies. facebook you can delete your account. i did. but if you look at google, i think it is sneakier in the sense that people use it for

everything else. you wouldn't be as suspicious of your search results. how do you think that the right fights back? >> look, right now it is very hard for the right to fight back because there are virtually powerless. that said google will come to capitol hill next week. that is when gop senators and congressman should bring up the very question. how do we safeguard search results? that said, i'm against government regulation. when the government gets involved things get screwed up but at the same time there is no substitute for google. it is almost near-like a utility. i don't favor regulation because it screws things up, we get unintended consequences but right now that is how powerful the tool is and find a way possibly regulate it. i don't want to go down that road but better than silicon valley monitoring themselves. melissa: thank you, ford. >> thank you, melissa. david: rod rosenstein is speaking out after today's "new york times" article that said he wanted to secretly tape president trump to show him he

was unfit for office. rosenstein says it is not true. he also denies being the author of that anonymous "new york times" op-ed published earlier this month. it should be noted that rosenstein was not on the list that fox obtained of officials who have denied from various members of the trump administration being the author of that op-ed. he was not on that list. that doesn't mean that he necessarily wrote it. he now denies having written it on the record. melissa: he responded pretty quickly. david: he has. melissa: slashing regulations and pumping up the economy. you won't believe hough money you saved in taxpayer dollars this year. that is coming up. plus prices are high. lines are long. we have a live report from the apple store as brand new iphone hit the shelves today. that's next.

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hey, what are you guys doing here? we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie. or the suit. or the shirt. voya. helping you to and through retirement. melissa: the very expensive future of smartphones. apple's newest iphone xs and its

10s max hitting store shelves with a record-setting price. fox business's gerri willis live outside of the apple store in new york city with the latest. gerri. >> melissa, that's right. we've been here since 8:00 in the morning. people here still want to get these expensive phones. ask my photographer to turn around. chris, show how many people were here. this morning the folks were lined up to the red light, two lines. a lot and lot of people came through during the day and we talked to a lot of them. what they're in line for, as you mentioned at the beginning the xs. you remember last year's 10 did not fly so well. in fact joanna sterns calling this version the 10-s so subtle because she doesn't see anything different with last year's and this year. people are talking about the

6.5-inch screen, really big screen and really big phone. people loving richness of what they see on their screens. both of those over $1000, and the max 11 undollars. we talked to one woman why he is was willing to pay that. listen. >> this is my second store. i was here for about an hour. i was in another store. i'm visiting from the irvirgin islands. i went from store to store until i get it. >> so that was the wrong sound that was a woman who went to multiple stores to find her iphone. i think we still have the sound from the woman who was willing to part with $1100 for a new phone. >> it's a lot of money. it is a lot of money. it is not just a phone. it is more than that, you know. not going to have a new computer forever, but this will be it so i invested in it. >> melissa what is interesting

we talked to a lot of people throughout the day. i was surprised how many people talked about the watch instead of the phone. they have a new watch out with a lot of health apps associated with it. it is an amazing product, doing a lot things. people really seemed focus on that. so, back to you in the studio, but from here, a lot of interest in these new products. melissa. melissa: i know people who have the watch and swear by it and love it and see getting calls, getting texts. i'm a phone person, so i can understand you do everything on it. so, gerri, thank you. good stuff. >> that's right, you're welcome. david: i still have my iphone 6. melissa: my goodness. bless his heart. david: will be outdated for long. melissa: will be? david: already is? melissa: yeah. david: touting an economic miracle, the u.s. economy is booming. many say because of the economic policies of president trump but former president obama is still taking credit. steve forbes and doug holtz-eakin respond next.

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>> when you hear these folks bragging about this economic miracle just remember when it started. [cheering] david: well now pretty much become a fundamental talking point from former president obama as he makes his way on the campaign trail. he is set at any moment to take the stage in philadelphia, probably where he will talk more about how he is responsible for the economic boom that we're in right now. here now is steve forbes, forbes media chairman, and doug holtz-eakin, american action forum president and former director of the congressional budget office. so, steve, do you think voters are buying what president obama is saying? >> on that, they're just turning him off. after you will he said people

don't create businesses, government does. in this case, it is the american people who are creating a boom. government didn't create the boom. the numbers are there, david. like a last place team. they get a new manager, start to move up to get to first place, no, new management, new team, by golly better results. david: doug, i don't think you can find two series of economic policies more different than those of president obama and those of president trump. i mean president obama, when he came in during the depth of the recession, he raised taxes and increased regulations, two things you're not supposed to do based on all economic theory, whereas president trump came in did exactly the opposite. he lowered tax rates and decreased regulations dramatically. >> yeah, it is like night and day. as steve said, it is big government versus the private sector do it. first one didn't work. this is working you can see in

every way. you see gdp growth, whether unemployment rate and attitudes, small business confidence at 35-year high. consumer confidence has recovered tremendously. this is an economy moving and gaining momentum as it goes. david: so, steve, i wonder, obviously the president obama, every president likes to leave a legacy behind and they like to brag about their legacy. i think he is more concerned, forgive me, president obama, but about his own legacy than he is about the truth here and i think even if voters see through him and his claim to victory on what is happening with the economy right now, he will continue with it just because he is trying to cement his legacy. >> he talked about lines in the sand. his legacy is in the sand but the tide is coming in washing it away. whether north korea. david: wow. good for keeping analogy there, steve. >> whether it is economic policy. it's gone. health care has failed. there will be changes and

everywhere he look, everything he thought was big, gone. david: now, doug, there are still some serious concerns with the economy. i think of the deficit. the deficit is continuing to grow, not because of tax cuts but because these guys inside of the beltway can't stop spending. >> absolutely a big problem. it is not a 2018 threat, probably not a 2019 threat but you cannot have a debt growing faster than the rate of the economy farther than the eye can see, that is the current situation. it will have to be dealt with at some point. the longer they put it off the harder to deal with it. so far the political will hasn't arisen to get on it. david: steve, what they're saying proof supply doesn't work if you lower tax raids, supply-siders think you increase revenue coming into the government because you create so many more jobs and businesses that are spending and giving tax money to the government. in fact tax revenues are doing

very well. just that they're spending like crazy. >> that's right. why is the health of washington's financial situation more important than the health of the american people. they are doing better. jobs are being created, incomes are going up. washington cries, america cheers. that is the bottom line. david: what about trade, doug? there are big concerns what is going to happen with trade? could that stall the economy? >> i'm among those who is concerned about this. there is no question that a large-scale trade war would be damaging, not just to the u.s. economy but to the global growth, something completely undesirable. it is worth watching. the administration claimed consistently it will use tariffs as tactical tools to get better trade agreements with lower tariff barriers to trade. one hopes that is the outcome. that the end game is near. it's a risk to the economy at the moment. david: it is a risk to the economy. look at market up again 86. new record for dow jones industrial average. they do forecast the future very

often. markets usually get it right, not always but usually. gentlemen, great to have you both. thank you for being here appreciate it. melissa: amazon looking to take over your entire home, no kidding. how your microwave could be listening to your conversation. that's next. ♪ it's weathered countless storms. battered, but never broken, it stands for the resilience within us all. ... when nighttime nasal congestion closes in, breathe right strips are designed to simply open your nose right back up. ♪ breathe better. sleep better.

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more in the hours to come right here including a special two-hour addition of lou dobbs tonight, seven-9:00 p.m. and he has a lot to chew over. to get deep into it. >> absolutely. that is a prospect evening edit starts now. >> blockbuster reports that rod sign discussing wearing a wire to record conversations with president trump. in trying to remove present him from office. rosenstein denies it but reportedly memos written by andrew mccabe from the story. the very latest. that kevin is accusing her unless there shall testify about special assault allegations. the judiciary committee hope seven answer by the end of the day on a prospective wednesday hearing. any updates and dow closing at another new record high for a second straight day. rick harrison weighs in on whether mainstreet seen this as well.