your favorite sector? >> my favorite, we'll see a rebound in technology. one of the best performers in rising rate environment. low dividend yelleds so you don't see much competition. [closing bell rings] liz: phil, andy brenner, sam stovall and charlie gasparino. >> stocks turning negative in final moments of trading. everseing earlier gains after federal reserve races interest rates after investors flock to safety. dow jones industrial average down about 100 points. s&p 500 and nasdaq also closing in the red. i'm lauren simonetti. i'm in for melissa francis. david: good to see you, lauren. good to see you as well. i'm david asman, and this is "after the bell." more on the market movers, here is what else we're covering for you. we have a lot in this hour and hours following. the nation is preparing for two blockbuster events in our

nation's capitol tomorrow. in just about an hour president trump will take questions from the press on all the breaking headlines this afternoon. first explosive new allegations bense judge brett kavanaugh as a third accuser comes forward. we're live at the white house with the furious response from the supreme court nominee ahead of his senate testimony tomorrow morning. and then the fate of rod rosenstein still hanging in the balance. president trump set to meet with the deputy attorney general tomorrow afternoon as at the white house as a group of republicans is calling on him to either testify to testify or resign. coming up we'll speak to one of those congressman, house freedom caucus member, jody hice. we have retired four-star general jack keen, fox news foreign affairs analyst, walid phares and charlie hurt from the "washington times." lauren: back to the markets. big story, market falling into the red at final hour of

trading, closing in negative territory for the third day in a row today dragged down by financials. ashley webster is on the floor of the new york stock exchange. ashley, what happened? >> you know, lauren, it went out the window the last hour. strange last hour of trading as you can see. all major markets down .2 to a third of a percent. the dow losing more than 200 points in a turnaround. the intraday at 2:20, the dow up 113 points. 20 minutes past 2:00 in the afternoon. we heard from jerome powell they were raising rates. we were waiting for the press conference with jerome powell. money was moving into the markets. it all changed. i want to look at the financials. this sector really saw a lot of money coming out later in the day. look at this, all major financial stocks, b-of-a, goldman, jpmorgan, all down 1% on theory if there are continued rate hikes that could maybe

affect u.s. economic growth. that is in fact financial sector. where did all the money go? went into the safe havens. look at 10-year treasury yield. at one point the 10-year was 3.11% earlier this week. look at that, as money poured into the bonds, into treasurys, prices go up and yields go down, down five basis points on the 10-year at 3.05%. as for other stocks, look at shares of twentieth century fox, parent company of fox business, up more than 1% today, just right at 1%. this after announcing it will sell off its entire stake in the uk broadcaster sky to comcast. fox had a 39% stake in sky worth about $15 billion. guys, back to you, quite a last half hour of trading. lauren: unbelievable swing between the high and the low. ashley webster on the floor of the new york stock exchange. david: fed hiking a key 10-year rate and fed going other

direction. what is going on. let's bring in our panel for analysis. jonathan hoenig, capitalist pig hedge fund, fox news contributor anded to horowitz, host of the bub today trading show. todd, seemed market had trouble digesting what the fed was up to and that affected markets. what happened at the end of the day? >> i was confused too. they took word accommodative out of the statement, which meant equities sell off and they did rates would go higher and bond futures rallied off it. i think that would be a little bit after fear trade. i look for higher rates and lower markets in the near future until we digest the rest of it. i do think rates going higher. i think powell was very clear. the economy is strong, everything is good. we have the green light for four more rate hikes next year. david: jonathan, we know what the fed did why do you think 10-year ended up down, interest

on that? >> two reasons, david. first of saw buy the rumor, sell the fact. this was expected, this rate hike today, one the reasons you likely saw bond futures rise and interest rates move down but david you really start to see the stock market fall, fall, once chairman powell was asked about the impacts of president trump's tariffs and potential trade war. that is when you really started to see some selling on wall street. david: interesting. >> he had to admit producers are seeing input costs go up. david: everybody here agrees with you on that. go ahead, todd. >> this has nothing to do with the trade wars. the market have been soaring on the trade wars the whole time. they are non-issue. >> this is what chairman powell said. >> they make it a issue, i don't care what chairman powell says i can look at prices, grain prices higher than they were when this whole thing started. i can look at agricultural products. they're all higher when they started. this trade war is a big deal. david: guys i love it when you

fight about trade but we have to move on. lauren: former fed chair ben bernanke called out our next guest influence on monetary policy profound. stanford university economics professor and hoover senior fellow john taylor joins us now. john, you were listening to the last segment. what do you make of the big swing in the market? was it trade and or the fact inflation might be here and wages growing and prices at four-year high? what did you make of anything? >> trying to digest what came out today especially the fed and press conference afterward. i think a lot has been anticipated. the fed is pretty clear where it wants to go. it dropped accommodative term out. jay powell said that wasn't such a big deal. think about the rest of the world here especially with long-term bond prices. that just doesn't stay alone. so i think the nothing really inconsistent with the short rate rise and back off on the long.

lauren: john, why do you think they took the word accommodative out? do you think they want to give them freedom not to telegraph what they're doing so well because this rate hike today was baked in? >> it is baked in and looks like a few more are baked in. i think that is good. they're being predictable, not trying to surprise the market. removing that word, been there so long reflect as different era. they're trying to normalize policy. i think they're doing it in reasonably predictable way so people know what they are going on. so the word accommodative is becoming less meaningful. that is why they took it out. melissa: if you could advise chairman jay powell right now what would you say to him? in this trump trade environment what would you say to him? >> i think they're continuing to be transparent with their intentions, what the reasons are. part of it is normalization get back to more normal policy it worked quite well. the economy is stronger the last few months, even

year-and-a-half. so i think that is part of a change in policy which is so far successful. lauren: they're looking at long-term rates around the year 2021 of fed funds rate 3%. the economy can surely handle that, right? >> i think so. it is partly contingent what happens with the economy. they're clear about that. some of those dots going above three in the shorter term. i think there is a big debate. i think jeh powell instigated debate, what the so-called r-star is, where the rate is going eventually. so uncertain it could be higher than what people think. lauren: if we look how consumers reacting to higher rates we're starting to see, 30 year fixed-rate mortgage, 4.65%, credit card rates and the like, do you think consumers are feeling this yet or just taking it in stride? >> no i think they're feeling it. it is a change in circumstances. but again, it is feeling in a sense getting back to something

that has worked well in the past. you don't want, you want this recovery to keep going. i think it will. i think fed's forecast for rest of the year is less than what i think especially next year. i think it is better than what the fed is forecasting. i'm not sure if that influences their decision very much right now anyway. there are lots of things happening in the economy. it is actually reform, regulatory reform some monetary actions. lauren: professor taylor. thank you very much. >> we've agreed today to start trade negotiations between the united states and japan. i'm sure we will come to a satisfactory conclusion. japan is very smart, great negotiators. and you know, up until now they have done very well, they will continue to do very well. we will have a really great relationship, better than ever before on trade. david: let's certainly hope so. a positive step for the u.s. and japan on trade. can the two countries come to an agreement?

jonathan and todd are back with us. jonathan, look what japan is doing recently with europe. they have their car tariffs down to about zero going in both directions which is what the president said he would like with europe. of the so maybe we can piggyback on that success, no? >> this would be a great thing to aspire to, david, certainly. if the president is serious about reducing tariffs in trade he made that very clear. that was a great opportunity to do so and, david, the business community would thank him. we heard from so many businesses large and small who warned about the impact of these tariffs on their bottom line, on their margins and ultimately on their prices. if we had any clarity from the president on lowering, eliminating tariffs you would see the market respond quite favorably. david: todd, that would be a great thing, would it not, if we had zero tariffs going both directions? we get a lot of cars from japan and vice versa? >> nothing would be more perfect than to have no tariffs going either side and fair and free trade. let the markets price everything

out, and forget about all the taxes an tariffs. that would make it much more sensible. the retailers are starting because they want to raise prices anyway. we've seen this excuse, every time commodities go up a few pennies, we have to raise prices but never bring them down again. it is ridiculous. david: very quickly, go ahead, jonathan. >> irony, david, the president signed a trade deal with south korea included were tariffs on imported south korean cars. david: i know. but that is opening gambit. that is the opening gambit. we'll see what happens. >> included in the deal. david: got so much to discuss. thanks you both for coming, john, todd. lauren: one of brett kavanaugh's accusers set to testify on capitol hill tomorrow as a third woman comes forward with more explosive allegations against the supreme court nominee. blake burman has the details. blake? reporter: that third accuser

came forward earlier today, her name is julie swetnick attended parties with brett kavanaugh in their high school days and made serious allegations. i witnessed efforts by mark judge, brett kavanaugh, others to target particular girls so they could be taken advantage of. swetnick said she was gang raped at one of those parties and kavanaugh was present at the party. kavanaugh released a statement regarding all of this and it reads the following in full, quote, this is ridiculous and from "the twilight zone." i don't know who this is and this never happened. all 10 democrats on the senate judiciary committee are calling for kavanaugh to withdraw his nomination to become the next supreme court justice. president trump though earlier today said these democratic senators are a disgrace. >> if my republican colleagues have any sense of morality, at the will refuse to come forward -- >> people are seeing what a

disgrace these democrats senators are when they come out with statements like that. reporter: swetnick is being represented by michael avenatti. he of course is the attorney who also represents stormy daniels. president trump today called avenatti a democratic lawyer, a third-rate lawyer, and a low-life. you mentioned tomorrow morning, lauren, 10 a.m., senate judiciary committee on capitol hill. kavanaugh will testify. so will testify too christine blasey ford. she claims she was sexually assaulted by kavanaugh during a party during their high school years. kavanaugh denies that. lauren: blake burman, all i can say is wow, explosive stuff. tomorrow will be interesting. thank you. david: we're awaiting new comment from president trump. the president expected to take questions on judge kavanaugh at a news conference in new york city in just minutes from now. fox business will bring you those comments as soon as they happen. lauren: president trump meeting

with world leaders at the united nations. teasing new details on a second meeting with north korean leader kim jong-un. we have retired four-star general jack keane and talking about the president's role on the world stage. >> many thinks are happening behind the scenes away from the media which nobody knows. they're happening nonetheless and happening in a very positive way. ♪ if you're 65 or older, even if you're healthy,

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david: president trump meeting multiple leaders at the united nations this week and getting ready for a news conference. kristina partsinevelos is live

at u.n. with all the details. hello, kristina. reporter: we know prime minister of the uk, theresa may spoke with president trump. they had a bilateral meeting. it is so important for theresa may to get deals going post-"brexit." what i mean so important, she took to the stage at the u.n. earlier this morning and pretty much sold her post-"brexit" plans to the rest of the world by stating that the britains after "brexit" will be pro-business. listen in. >> we would still be neighbors. we will still be part of the european family of nations. and we will continue to champion the same beliefs, standing for freedom, democracy, rule of law, you know pinned by a rules-based global order. reporter: the reason why this is so important right now for the prime minister of the uk is because so far she hasn't been able to sell her "brexit" plan to other european leaders. they pretty much rejected her plans in salzburg, austria, very

recently. when you have the okay from president trump, that is actually a vote of confidence for the uk. and another point of contention between possibly president of the united states and the prime minister of the uk is iran. we know that tresemme is having a a bilateral meeting with the iranian president. supposed to be today. also at the u.n. secretary, security council meeting she brought up the nuclear deal that president of the united states pulled out of and she actually said that the nuclear deal remains best, it is best means of preventing iran developing a a nuclear weapon. so she is showing a different side staying in the deal. that is the issue. we have a lot of your european countries may not necessarily agree with the united states pulling out of the 2015 nuclear deal. there you have it. they talked about trade and most likely iran. david: i get a sense that president trump isn't going to be easily convinced of her position on iran. just my own feeling on that one based on what he said. he is absolute on that point. go ahead quickly.

reporter: no, i was just going to say it is moment to study foreign policy. it is fascinating to watch how these countries are playing with each other. david: kristina. thank you very. lauren. lauren: kick it off about iran, walid phares, national security and foreign affairs analyst. good to see you. >> thank you, lauren. thanks for having me. lauren: iran today, iran this week has become the target north korea was last year. i want to talk to you about both countries. let's start with iran. kristina was reporting theresa may and some others at the united nation this is week are speaking with iran. they want to stay in the iran nuclear accord. is the u.s. being isolated right now? >> i don't think we are isolated. i think that brussels, the european bureaucracy, wants to protect the image we're all on board for the deal and only the administration, not just, united states is isolated. in fact reality is that while

brussels, the capital of the european union maintains its policy of staying in the agreement companies, european companies are quitting. that is what really counts at the end of the day. there are much more divisions in europe with regard that matter. in addition we have the gulf, arab countries, arab alliance. on top of that soon enough latin america and asia, more companies aligning with us. lauren: the trump administration we'll impose sanctions with iran and double down on sanctions, more sanctions to come. european leaders are talking about ways to get around the sanctions. do you see that happening? why would they want to get around that with the u.s. when it comes to the economy? >> these bureaucracies committed themselves, signed a document. there is a lot of influence, a lot of influencer. they are being surprised by the fact that the largest companies are actually quitting. there is another reason. iran has convinced the europeans that iran can help them against

al qaeda and isis which was a big mistake to believe that is the case. when we are defeating isis iranian military is coming in. we need explanations for european public opinion. lauren: north korea, secretary of state mike pompeo going to set up a second summit if you will between kim jong-un and president trump. is that a good idea? >> it's a good idea. on the north korea track we are moving forward. it is not going to be an overnight matter. really indicate to me things are changing. are the meetings between the north and the south. it is extremely important. second, we and china have interest, a common interest north creel will relinquish nuclear powers. china is becoming an economic power. they don't want warss he specially close to their borders. lauren: let's pivot finally to is ray, the president had meeting with benjamin netanyahu today. watch. >> there is nothing i would rather do than see peace between israel and the palestinians.

i think lots of good things are happening. i believe in two-state solution. that is, that is what i think works best. i don't even have to speak to anybody. that is my feeling. now you may have a different feeling. i don't think so but i think two-state solution works best. lauren: he also promised peace in the middle east. is that possible? >> it is possible. i'm glad that the president mentioned two-state solution. that would rally back to his position, the arab coalition and segments of the palestinians but real problem is not even the arabs or the palestinians it is really iran. iran controls hamas. hamas is basically the spoiler of it peace process. lauren: which is likely why iran was the target by president trump at the united nation. >> you got it right. lauren: thank you very much. >> thank you. david: getting to the bottom of what rod rosenstein actually said. the deputy ag is supposed to be sitting down with the president tomorrow which could end with a major shake-up for the justice

department. >> it is the kind of thing that again, when you're the guy running the justice department which is rod rosenstein is in effect doing you can't be making statements like that even if you are joking around. i want to know who was in the room and what took place. ♪

>> anytime that you have the second highest official in the department of justice suggesting that they should wear a wire and take the president of tape the president of the united states is not only wrong but has national security implications as well. the time is now for rod rosenstein to be held accountable. david: that is freedom caucus chairman mark meadows. he was on fox business last night stressing the need to investigate deputy attorney general rod rosenstein. this as mr. rosenstein is preparing to sit down with president trump tomorrow. the speculation is flying, it has been all week whether he will resign or be fired or stay

in his role, at least for now. here on the phone is doug burns, former federal prosecutor. doug, doesn't mr. rosenstein have to testify under oath before congress? >> no, i think he does, david. i agree with that. look, my take on it honestly he wasn't serious when he was saying he was going to wear a wire against the president of the united states. i worked in the department of justice myself for nine years and it seems really inconceivable that the deputy ag would be serious about that, but at the same time he should absolutely come in and testify under oath and that includes all kinds of other topics. this thing about the 25th amendment and get to the bottom of it, see what he has to say, absolutely, david. david: if addition to testifying, all of this came from the notes of the fired deputy fbi director andy mccabe and if we were able to see those notes, we could get a better idea whether he was saying it as a joke or whether he was serious. >> well, there is no question

about that, absolutely. let's take a look what was contemporaneously written down in his notes and really get to the bottom of it. as far as tomorrow's meeting will be extremely interesting, maybe i will jump ahead a little. i think it is counterintuitive head fake the idea he will be resign or be fired, david. i'm not so sure that will happen. david: what do you think happened? on monday, we heard reports, very credible journalists, jonathan swan, others, it was definite, he would be either fired already or resignation had been accepted? >> if i'm not mistaken, interesting that you say that, david, i'm pretty sure i saw at least one article that basically said that he had either resigned or been fired. my head was exploding, to me that didn't make a lot of sense. the reason i say that is him leaving the post of deputy ag in light of the fact that he is the titular head of the russia probe

it is a whole different discussion. you can put to the side some other issues, isn't he a witness to the comey firing? isn't he himself conflicted and he shouldn't be involved? that is just not, that is not just from the right sound points. those are serious points, okay? but putting that to the side the president knows full well politically that the left is just thirsting beyond to have him take some action against rod rosenstein because of the way it sets up in posture of the mueller probe. that is the case. david: that may well be what stopped either his firing or his resignation being accepted, if it was offered. but he is also besides being the titular ahead of the russian investigation or overseer in the russian investigation he was instrumental creating this whole process by signing the fisa warrant that allowed the fbi to spy essentially on americans particularly those in the trump campaign, and the question is,

what the fbi was using to back up that fisa warrant and whether or not it was based on russia disinformation in the trump dossier. shouldn't we definitely see that fisa warrant? >> now i'm very glad you raised that, because again it is all too easy for everybody to say, oh, the right is saying, raising these points about the fisa warrant to just deflect the russia probe. absolutely not, when the history books are written, i know i'm jumping ahead there are serious, serious questions what happened with the initial warrant and the three renewals, whether in point in fact they overly relied on the dossier in their presentation to the court. those are absolutely legitimate questions. of course it was very interesting, david, that the president looked like he was going to declassify the warrant that were presented to the fisa court, now apparently for the time-being reversed it. to answer your question i

couldn't agree with you more, david, that should be released so everybody can look at exactly what was presented to that fisa court. in all four instances. david: we got to get to the pot pot -- bottom of it. doug burns, thank thank you forg on. >> a pleasure, david. lauren: we're awaiting president trump's news conference where he might take questions on rod rosenstein ahead of their scheduled sit-down tomorrow. the meeting is happening the same day that supreme court nominee judge kavanaugh and his first accuser, christine blasey ford will testify under oath in front of the senate judiciary committee amidst explosive new allegationses from a third woman. what you need to know before the hearing tomorrow. ♪

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300 miles per hour, that's where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me retirement is protected. annuities can provide protected income for life. learn more at retireyourrisk.org >> really, really sad, if you look at this lawyer came out he is a low-life. he represented democrats. nobody ever talks about that he is a democrat lawyer. not a very good one but he is a democrat lawyer. so it is a, it is a horrible con game. i think the people are finding it out. david: president trump slamming new tall mitigations from a third accuser brought to light by michael avenatti, the lawyer for that person. the president set to speak again soon, just ahead of tomorrow's

senate hearing with judge kavanaugh and his first accuser. here is now charlie hurt, "washington times" opinion editor and fox news contributor. charlie, what the heck do you make of all this? >> oh, my goodness, these are certainly crazy times. one of the stories i saw today, actually have a sitting united states senator claiming he is going to the courts to try to get the judicial branch to somehow block the senate from performing its constitutional duties of confirming a judge to the supreme court after the president has nominated i am which makes me kind of thing this senator ought to go back to those coloring book lessons back from social studies class and learn what the words that are in the constitution and how the whole process works. david: yeah, let's drill down on -- we can't adjudicate right here some of these accusations but julie swetnick, the woman who just came out, she is the

one represented by avenatti has his own political interests, senator lindsey graham spoke about her charges and asked why would she, she claims that she went to 10 of these parties at which they were these gang rapeses going on, drug-induced gang rapes, he asked a question, why would somebody go back 10 times to parties where she knew this stuff was going on? it is a fair question, don't you think? >> oh, it's a very fair question. and i think that, that if she ever were to find herself in a situation where she was testifying about it, it would be the biggest question of all, by her own account see never did anything about it. never seemed to raise her pique particularly until something happened to her. even then when you look at accusations, none of her accusations what she knows first-hand had anything to do with brett kavanaugh. so there are many layers of problems there. and quite frankly interest not

to mention the fact incentive, michael avenatti has, made very clear he has huge incentive to do whatever he can to -- david: he wants to run for president. he has these delusions of running for president. who knows, it may be true. but just shows you how difficult it is to evaluate these charges, particularly brought at the last moment, after you have had all the hearings. again the whole question of timing, when all of these charges are coming out, how they are absolutely against any kind of fair valuation of accuses themselves, giving them their due. if you brought testimony out two months ago, three months ago, perhaps but right now it is almost impossible. >> somebody like kirsten gillibrand, senator from new york, standing on the senate floor, pounding her desk, we're not talking about putting him in. >> jail, we're talking about getting to the truth. as if 500 years of

jurisprudence, and our criminal justice system is not designed to get exactly to that, the truth. so practices like due process, burden of proof, being on the prosecution, that is why all these things are in place. david: but you do have, the argument would be made against that that it is not a trial. this is a confirmation process so the american people will be the judge but having said that, you do have a prosecutor, a seasoned sex crimes prosecutor, who will be coming in to question dr. ford tomorrow, if dr. ford shows up. how do you think that is going to turn out? >> think that is funniest part of all this, the democrats are so upset about that. the reason they're so upset about it, is the same reason republicans on the committee did it. republicans on the committee are trying to drain the politics out of this. they're trying to depoliticize this, putting somebody in there a seasoned prosecutor. david: her name is rachel mitchell is the woman's name.

she has done a lot of these cases before. she presumably would know what kind of questions would get to the truth? >> exactly. and what things are reliable and what things are not reliable. shes are knows how to talk to somebody who has been through unbelievable trauma and is traumatized. you can do it in a way without leading them or without further traumatizing them. and democrats are so upset about that. the reason they're upset about it, this is for them has nothing to do with anything but politics. they just want the political stand. they just want to sit up there and have their "spartacus" moment and declare that, not to mention destroy a good man's entire career in life but they just want to score political points and the idea of bringing somebody who is not part of the political world into it completely deflates all of their best efforts. david: this timing, it is not nair to either side, either the accusers or the accused. both sides get short-shrift on

this. cherylly, we have to leave it at that. giving me a wrap. good to see you, charlie. >> good to see you. lauren: feeling heat on capitol hill. tech executives facing tough questions from lawmakers about privacy policies on their sites. how can you be sure your data is safe? plus we're awaiting president trump's news conference. he will take the podium right there, he is expected to take questions on just about anything and everything. we'll take you there live as soon as it happens. (john foley) i was there in chicago when bob barnett made the first commercial wireless phone call in 1983. yes, this is bob barnett in chicago. (john) we were both working on that first network

that would eventually become verizon's. back then, the idea of a nationwide wireless network was completely unreasonable. but think about how important that first call was to our lives. it opened the door to the billions of mobile calls that we've all made in the last 34 years. sometimes being first means being unreasonable. i'm proud i was part of that first call, and i'm proud that i'm here now as we build america's first and only 5g ultra wideband network with unprecedented wireless capacity that will not only allow for phones to be connected, but almost everything-- transforming how we all live, once again. (bob barnett) as you know, this call today is the first call that we've made on the cellular system. is important to me so father being diagnosed with advanced non-small cell lung cancer made me think of all the things that i wanted to teach my kids. (avo) another tru story with keytruda. (roger) my doctor said i could start on keytruda

so i did. with each scan things just got better. (avo) in a clinical study, keytruda offered patients a longer life than chemotherapy. and it could be your first treatment. keytruda is for adults with non-small cell lung cancer that has spread... ...who test positive for pd-l1 and whose tumors do not have an abnormal "egfr" or "alk" gene. it's the immunotherapy with the most fda-approved uses for advanced lung cancer. keytruda can cause your immune system to attack normal organs and tissues in your body and affect how they work. this can happen anytime during or after treatment and may be severe and lead to death. see your doctor right away if you experience new or worsening cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting, rapid heartbeat, constipation, changes in urine, changes in eyesight, muscle pain or weakness, joint pain, confusion or memory problems, fever, rash, itching or flushing, as this may keep these problems from becoming more serious. these are not all the possible side effects of keytruda. tell your doctor about all your medical conditions including immune system problems, or if you've had

an organ transplant or lung, breathing, or liver problems. (roger ) before i'd think of the stuff i might miss. but now with keytruda, we have hope. (avo) living longer is possible. it's tru. keytruda, from merck. ask your doctor about keytruda. lauren: let's get to breaking news. shares of bed, bath & beyond tanking in after-hours trading. look at that, down almost 15%. the retailer missing wall street estimates for both eps and revenue for the second quarter. also reporting a surprise fall in their quarterly same-store sales amid pretty intense competition out there. so that is a stock we'll be watching tomorrow. meanwhile tech executives

voicing support for a national privacy law. there is a broad consensus a bill to protect consumer privacy is needed. deirdre bolton covering the story for us. hi, deirdre. reporter: hi, lauren. the question is no longer if but how the major tech companies, apple, google, all the rest can support lawmakers to craft national privacy laws that is already a big acknowledgement if you like. this morning though there was the senate commerce committee hearing. lawmakers and tech execs there. the title of the hearing was, examining safeguards for consumer data privacy of the since the issues surrounding the 2016 presidential election, the cambridge analytica scandal, big tech has had big problems from a pr standpoint. the challenge going forward how to design consumer privacy laws that cover the majority of tech companies while noting that each tech company has different ways of collecting data. so here is one exchange that sheds light on the task ahead.

>> the question is, more authority and legal tools to protect consumer privacy? >> senator, we do think that accountability is something that needs to be put in place to insure the protection of consumers. we think there are a variety of ways to get at that? we want to make sure we're balancing appropriately those protections for individuals while allowing individuals to innovate with the ftc and otherwise. reporter: in the room, lawmakers were executives from google at&t apple, charter. they were asked yes, sir how they use private date. here is google's privacy officer. >> we do not sell personal information. that is important. i want to repeat that point. we do not sell personal information. we made mistakes in the past where we improved our privacy program. reporter: google and long with

others released a privacy framework to try to work with lawmakers efforts. the wig big criticism, no consumers or consumer advocate groups were in the room to speak about safeguarding consumer data privacy. government representatives were there, these big multibill dollar tech people were there, but as reminder they rely on consumer data for significant portion for one form or another. lauren: conflicting interests. david: any other news day, that would be our lead story. lauren: in the end of our show with so much going on. david: we have a lot going on. we're awaiting president trump's news conference here in new york city. he is expected to recap his meetings at the u.n. and perhaps announce new details about the timing and location of a second summit with north korean leader kim jong-un. fox news's senior strategic analyst general jack keane joining us to break it all down right after a short break. stay with us.

>> regrettably we found that china has been attempting to interfere in our upcoming 2018 election. they do not want me or us to win because i am the first president ever to challenge china on trade. david: president trump today sharing the u.n. security council dropping at that bombshell, at that china may be striking back against our trade policies by interfering in the upcoming election. joining me to discuss general jack keane, fox news senior strategic an history. general, this is a big charge. the fact china is so upset with our trade policies they're actively trying to rig the next

election against the president. what do you make of it? >> obviously it is true. he got that information from the intelligence agency but they were involved in some meddling in previous elections. i think what, i think what is really happening, what the president is reporting to us, they have become considerably more aggressive and actually more comprehensive. but the other thing is, that is in play here, i wish he had spent a little bit more time on this, our defense has improved significantly, and that is what ambassador bolton as national security advisor was talking about recently when they put out the cybersecurity strategy that the united states has, not only offensively, more aggressive for the first time, but also, we have thickened our defenses quite a bit. so i think we're much better prepared. david: and frankly, that is probably why we know about this china stuff, that our defenses for cyber warfare increased as well. that leads me to ask our

ambassador, fickky haley -- nikki nicky hail addressed this. they are talking about the snickering when the president was touting his successes at the u.n. nations of the world while they might not like donald trump they respect the united states because of the fact we have gotten world order or our role in it so much better together. >> i think that is indisputable. i travel quite a bit, middle east, europe, far east. i'm heading to southeast ish a that in a couple weeks. you know, i get the same, the president as an american you sit down and you begin to talk to people, first question they want to ask you has something to do with president trump. david: right. >> because obviously he is a controversial figure, he is very different kind of president than we've had in generations here but at the end of the day, what it really comes down to, much

along the lines of what am a ambassador haley is talking about, is their respect for the president. they don't necessarily always agree with what he did but they, they do respect him. overall, they know, in the countries that we're dealing with, where there are adversaries, where there are threats, where there is terrorism, where china or russia is pushing people around, they absolutely respect the stance that the president of the united states is taking and pushing back because, listen, for the last eight years, the obama administration was not doing anything. david: i know. i know. frankly i would be respected rather than liked if i had to take my choice between the two. very quickly we have only 20 seconds, but on iran the question is whether some people in the u.s. including former secretary of state john kerry have been actively trying to subvert our position vis-a-vis iran. ambassador haley called john kerry un-american. what do you think? >> absolutely right. never seen anything like that in

all my years. it is unseemly, irresponsible. he is trying to coat this thing and say he really wasn't doing anything wrong. the bonafide number one enemy of the united states has had for the last 35 years killed americans periodically throughout the entire 38 years to the number of thousands is iran. they are a bonafide strategic enemy of the united states. and talking to them and negotiating with them and undermining the united states is absolutely what she says it is, anti-american. david: general jack keane, great to see you, general. thank you very much. >> good talking to you, david. lauren: don't go anywhere we're moments away from president trump's news conference. we're bringing that to you live when it begins. please stay with us. ♪ :

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. >> three days at the united nations in new york, and this is quite a gathering. wow. it's a lot of people. lot of media. [laughter] >> we've covered a great deal of territory. just left, as you know, prime minister abe of japan, starting trade talk with japan. they were not willing for years to talk trade, and now they're willing to talk trade, and i'm sure we'll make a very good deal. just concluded as you know, two days ago, signed a deal with south korea. trade deal, tremendous deal, means business for our farmers. we're opening up for farmers. we're opening up for a lot of different groups. we're going to be able to sell

much more than double the number of automobiles we were allowed under a deal that was totally defective that was there before, so we're very happy with that. that deal has actually concluded. well along the way with mexico, relationship is good, and with canada, see what happens. they're charging 300% tariffs on dairy products, we can't have that. we can't have that. with china, as you know, we put out an announcement today, they would like to see me lose an election because they've never been challenged like this, but i want to open up china to our farmers and industrialists and our companies, and china is not open but we're open to them. they charge us 25, 35, 55% for things and we charge them nothing in terms of things coming into the country. cars they're at 25%, we're at 2% and 2.5% and don't collect it but we collect it now.

so we're doing very well in our situation with china, on trade. i have a great relationship with the president of china. president xi, but it's got to be a two-way street. for 25 years and longer, it was not. and trillions and trillions of dollars was taken out of the united states for the benefit of china. we just can't have that. we have to make it fair. so we're at $250 billion now at 25% interest, and a lot of money is coming into our coffers, and it's had no impact on our absolutely, by the way, no impact on our economy, which i said it wouldn't. in fact, steel is like the hottest industry there is. if you look at what happened with steel, charging a 25% tariff for the dumpers. they dump massive amounts of steel, want to put the steel companies out of business, and afterre