40 hours and working 33 hours or 32 hours. he says it's good for the company because they had a 70% turnover rate and it cost them every time they had to hire people. that does it for "bulls and bears." president trump: as president the protection of the nation is my highest duty. last month more than 76,000 illegal migrants arrived at our border. there has been nearly a 2,000 percent increase in border asylum claims. part of the reason is our country is doing so well economically. if the democrats would, we could make a deal on change catch and release. the border crisis is driving the drug crisis. the mass incursion of illegal aliens, deadly drugs, dangerous

weapons and criminal gang members across our border has toned. today i'm vetoing this resolution. congress has the freedom to pass this resolution and i have the duty to veto it. liz: president trump moments ago signing his first veto as both houses of congress voted to block his emergency declaration. we'll bring you the update. the story that shocked the world. a terrorist drawn to the allure of life streaming wore a camera to instantly load up to facebook live, the massacre of 42 innocents in new zealand. children among the deand wounded. u.k. officials and others around the world going after facebook. saying enough is enough. take ownership.

tonight, should they shut down once and for all, all live streaming, before the government does. more fallout from the massive admissions scandal. suspects losing jobs. when will the hammer drop on the universities and the their broken business model. the top democrat on the senate finance committee. he says he plans to go after the universities' big cash cow money machine. and more on the real bernie sanders you never knew. the rnc going after and materials for demanding that the government seize companies, including energy and electricity. he lives large like a capitalist, those are the

accusations from the clinton camp. i'm elizabeth macdonald. "the evening edit" starts now. welcome to the show. you are watching the fox business network. christina? >> this is the first veto of his presidency. we know he declared a national emergency without congressional approval. now he vetoed it. he held a price conference in his office. he said it's important to move ahead with this because it's a threat to american security flips an influx of immigrants. the border crisis is creating and adding to the drug crisis in america. president trump: since 1976 presidents have declared 59 nationality emergencies.

they often involve protecting form citizens in far-off lands. yet congress has not terminated any one of them. every single one of them is still in existence. but we don't worry about our lands. we worry about other people's land. reporter: nancy pelosi issued a statement saying the house and senate rejected the president's law best power grab. but the president has dhoans continue to defy the constitution, the congress and the will of the american people. we know originally the request for the border wall was $5.6 billion. the democrats gave $1.3 billion. now the national emergency declaration is asking for $8 billion. the president's veto, you need 2/3 of both chambers in

order for the override of this veto. override of the president's veto is scheduled for possibly march 26. liz: officials worldwide slamming facebook for yet another live streamed attack. facebook says it took count content. it was up there for a while, but the damage was done. footage from that spread like wild fire across the internet. the u.k. interior minister went after facebook saying enough is enough. social media must act because the terrorists did carefully plan this attack to specifically live stream it on social media. he purposely rigged the camera to a helmet. his murderous rampage went up

live. facebook is getting hit from all sides. despite whatever effort they have made to remove content like this. facebook can't monitor every video and posting on its site. critics are saying this business model is broken. is it time to shut down live streaming? what's your reaction? >> it's tragedy. and i totally agree that unless live streaming can be controlled with a delay sort of like you have on tv. unless it can be controlled that way and every bit of life streaming can be looked at and it won't come to light on anybody's television, maybe we have to have some government involvement to stop it. i know the big argument is freedom of speech. there is no fine line between freedom of speech and free

streaming it's a prominent line. you can tell it in a heartbeat. if the social platforms don't do something about it. i'm darn sure the government will. liz: the reagan administration said porn, you know it when you see it. do people want their children to go online and see other children being killed and wounded in cold blood? that's what happened here. reuters said it found this massacre still on twitter and youtube and streaming 10 hours after the attacks. >> i think when we look at how much longer this went, i understand that it was even put on to some kids' programs, part of the streaming was as well. it's a disaster. the youtube couldn't take it

down as fast as people were putting it up. then there has somebody something that regulates this. i understand all the aversion to government regulations, but this is something that's so important. you can't have this kind of carnage. part of the terrorist act is to bring this kind of carnage to the pulpit of society. the other thing i'm concerned about. he was taken alive. he'll definitely go on the stand so he continues to espouse his horrible vitriol against his fellow human beings. liz: nypd in:new york city says this is how isis tried to do it, too. facebook cannot be sued over third party contents. senator mark warner is threatening to take that away. >> what's the matter with basic

common sense in this is what could happen. if facebook does the right thing and stops the streaming, and they can regulate when it comes on and when it doesn't. then maybe senator warner will think about doing something about it. liz: you are looking at a live picture of the courthouse where the suspect is due to appear soon. greg palkot joins us from london. reporter: the suspected gunman is set to be arraigned in court. it's saturday morning in new zealand as that country comes to grips horrible scenes of carnage that ravaged their city friday afternoon. one gunman under arrest, also two armed suspects are being

held. along with the 49 killed, at least 87 people are said to be hurt and have been hospitalized. some of them in critical condition. the ugly shooting came at friday prayers. the busiest times for these mosques, and the mosques were packed. here is what one eyewitness said. >> they came through the back doors. and hide behind the car. we tried to jump the fence. reporter: the bizarre aspect of this, the ugly aspect is it was live streamed and facebook and that video was upload and put on other platforms, including twitter. we are not showing it out of respect for those killed and

injured. we have seen it and it's nothing short of ugly. it's a real life video game. also posted by a man identifying himself as a 28-year-old australian. in his manifesto he the ask criticized immigrants. >> this is one of new zealand's darkest days. clearly what has happened here is an extraordinary and unprecedented act of violence. reporter: president trump was mentioned in that manifesto. he spoke by phone with the new zealand present and expressed america's condolences. liz: we'll bring you the latest in the college admissions scam. what will happen to the universities involved. you won't believe what congress is cook up. flue details emerging about the

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lou: the ethiopian airlines is saying there is clear similarity between our crash and the lion air crash last fall. jeff flock is at midway international airport in chicago with the latest in the investigation. >> southwest airlines is the

biggest customer of the boeing 737 max. we just got this from crane chicago business talking about boeing and its ceo. they just reviewed regulatory filing that revealed he received a pay raise of 27%. now to $23.4 million. so a year overall for boeing until lion air crash. as for beauing in the market. -- beauinfor bowing in the mar. that drove the stock up when that news was announced. the investigation focusing on the tail section of the aircraft and the system that's been

implicated in both of these crashes, and that is the anti-stall program on the aircraft. that would have forced the nose of that aircraft down because the system may have thought it was climbing too fast at too sharp an age. that we do not know. but i leave you with one final thing. we have been poke around what some pilots have had to say since the lion air crash, complain being this aircraft. this is a pilot complaints filed anonymously in november. the fact that this airplane requires such a jury rigging to fly is a red flag. the flight manual is inadequate and almost criminally insufficient. that was before the crash.

that's it today. liz: wow, such an incredible story. a new wrinkle that pie lose around the world are talking about. it's about the plane mysteriously and rapidly accelerating. the pilots say what is most of abnormal about this crash was the speed with which that plane was flying at. just three minutes into the flight the plane accelerated to even higher speeds. it then went up and down by hundreds of feet. the pilot frantically requested to go to the airm airport. a screw-like device is involved in raising and lowering the plane's nose. it indicates this jet was set to nosedive.

that's according to the reports from the wreckage site. boeing has to. boeing says delivery of the planes have been halted. but not production. let's bring in missouri congressman sam graves it's an honor to have you on the show. your reaction? >> you have to take a look at what -- the systems involved. if you had a runaway turn problem, the jack screw that would adjust the trim. and you had runaway cripple problems legal. way don't understand whatsoever is why they didn't hit the cutoff switches and just fly the

airplane. just fly the airplane and eliminate the issue at hand. liz: that is the question of the hour. the pilots have been struggling with this software. critics he greed with you. trials cut-off switch, why didn't they activate that. people are critical of boeing and how it responded to the lion air crash. and they are criticizing boeing for the way it reacted to this crash. >> it comes back to having to look at the data. we have had 50,000 flights of max 8 in north america and we have never seen it manifest here. pilots in the united states know and are trained very well. if you have got a runaway trim problem the first thing you do is cut out. there are two switches, you do them at the same time. it cuts off the auto pilot and

you can fly the plane. liz: there is also criticism of the faa after these two deadly crashes. your take on that? >> i don't agree with that whatsoever. the faa has their criteria. they were looking at all pieces of information as it came in, including the fact we have never seen this manifest itself in the united states or north america. they are looking at those facts and data. very little hard data was coming in because ethiopia was controlling the data recorders. once they got onsite they openly ended up ground the air planes until they could figure out if there was a problem. the criteria they used was in place. the faa did exactly what they always do.

liz: a miss tearups outbreak of outages at tech companies. apple is joining a who's who of big tech that suffered glitches. it was reported lit an outage of icloud. tuesday, verizon text messages went out. ford is cutting 5,000 jobs in germany and will cut more in the u.k. the global restructuring will cost $11 billion. mike pompeo says the u.s. wants to continue talks with north korea. the u.s., canada and the e.u. hitting russia official and

russian defense companies with new sanctions over russia's seizure last november of three ukrainian ships and their crew. word is break that bernie sanders family is shutting down a non-profit due to fears involving a potential conflict of interest it's a story we have been reporting on for some time. the college admissions scandal. now we have some famous athletes trying to get ahead of the news cycle saying we used that college consultant but we didn't do anything illegal. that and more coming up. with drivewise.

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you're watching the fox business network. we're coming into the bottom of the hour. the college admissions scam fallout growing. now netflix reportedly cutting ties with actress lori loughlin for the fifth and final season of "fuller house." this after the hallmark channel also let love lin go. it looks like her future at these networks are done following her indictment. loughlin's daughters are also reportedly quitting school at usc after their parents allegedly paid half a million dollars in bribes to get them into usc as recruits for the crew team even though they never rowed. joining me now, "wall street journal" ed -- editorial board member, bill mcgurn. what's the fallout for the universities? >> the interesting thing is it hasn't touched the universities primarily. a few coaches, but not the admissions system so far. this is created by the universities because the

admissions system is so opaque. and the universities pretend everything's about merit and academic merit and performance, and we know it's not. we know from lawsuit of the asian-americans, they score at the top, and then they say we don't want more than a certain percentage -- elizabeth: the lawsuit against harvard. >> against harvard, and they say, well, they grade all the asians lower on personality to keep the number -- everyone knows there are these kind of game, and people are trying to demystify the process, what can you do. so it's not surprising when it's such a valued commodity that someone's going to figure out what this guy called the side doors. elizabeth: you mean the guy who ran the scam. what's really bothering people is that universities in hollywood lecture us about morality -- >> we're the deplorables, but they're cheating to get their kids there. elizabeth: it's hard to believe that colleges did not know what was happening. do we have that -- your colleague, mary anastasia

o'grady, made a great point. let's play that sound bite. listen. >> a failing coach from stanford says, well, i didn't take the money myself, i put it towards, you know, better sailing equipment. i mean, somebody had to be looking saying, where's this money coming from? so if, at the very least, it's failure of their systems to, basically, you know, create best practices so that you can't have these kinds of things happening. elizabeth: it has to be systemic, right? i mean,usc -- >> i think there are a lot of i guys probably -- look, there are other people, famous athletes, phil mickelson, joe montana, fellow alumnus notre dame quarterback who used the services, claimed they didn't do anything illegal. you know, people get consultants, and that's probably true for a lot of them. but if there's all these people doing it, there's got to be a lot of other shenanigans to try to figure out how i can enhance this candidate. maybe not directly cheating,

maybe not directly lying, but there's got to be ways to say, well, they give you x points for this -- elizabeth: this is what families are up for -- >> this is what elizabeth warren did by saying she was native american. it's hard to believe that sort of thing isn't going on elsewhere. elizabeth: senator ron wyden wants to make donations to schools tangible if the donor's child attends or applies. what do you think of that move? >> well, i generally think anytime the federal government gets near a problem in college, it makes it worse, uncanny ability. i think there's an argument that the endowments -- not for this thing, that the endowments should be taxed to the degree the money's not used for education purpose, right? because they get these big tax benefits from that. but i don't think that's the answer. look, the answer is for the schools themselves to value their integrity and come up with systems that are honest and also more transparent so people can know what they want.

again, i go back to that suit for harvard. i don't think harvard's any worse than anyone else, but it's in a suit. people don't know the mysterious ingredients, the secret sauce that goes into the admissions process, and they want to keep it that way. elizabeth: exactly. and there are nonprofits operating on their nickel. watch what felicity huffman says in an episode of desperate housewives. >> a donation? now they want a donation? >> apparently, we're in competition, and a generous donation will insure our kids beat 'em out. >> how generous? >> $15,000. elizabeth: that was the amount huffman was alleged to have paid to improve her daughter's test scores. that's down to the exact dollar amount. >> yeah. the irony is the man behind this scandal pointed out you could go the route of i'm going to donate a library, but it was a lot more

expensive than even his expensive services, and they wanted guarantees, right? elizabeth: it just feels rigged and unfair, and for them to act so hip -- hypocriteically, let's tell the rest of the world how to think and behave and selling bad degrees with students who are not equipped who come out with cockamamie ideas. >> that's certainly across the board, right? on speech issues, all sorts of things. you know, it used to be in the old movies, if you watch an andy hardy movie or something, the local university might not have been as distinguished as yale or, you know, penn, but people were respected, and it was supposed to be a model of civility. what are they a model of? they're stifling free speech, they're a haven for identity politics, false accusations. complete disarray on healthy sexual relations, right? i mean, they have no idea what to do. elizabeth: and no --

>> and yet they will lecture us. elizabeth: and really, like, monolithic thinking. >> yeah. i mean, some people argue it's a finishing school. you go in, it's not so much that you learn your chemistry and so forth, but you learn what the proper attitudes are to separate you from the deplorables. elizabeth: social engineering. >> right. a lot of kids, i think, react to that, roll their eyes. elizabeth: bill mcgurn, you're great. >> i pay a lot of tuition. [laughter] elizabeth: how many kids? >> three. elizabeth: god bless ya. i feel for you. next, we're going to show you how an unrelated case involving a pump and dump securities fraud scheme led the federal government to blow the lid off of this college cheating scandals. and later on in this show, bernie sanders' wife and his son are moving to shut down a nonprofit over fears of questions about conflicts of interest over whether the

sanders family crossed the lines between family, fund raising and campaigning. that's coming up. ♪ ♪ every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. itso chantix can help you quit "slow turkey." along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix. you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood, suicidal thoughts or actions, seizures, new or worse heart or blood vessel problems, sleepwalking, or life- threatening allergic and skin reactions. decrease alcohol use. use caution driving or operating machinery.

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♪ ♪ elizabeth: you won't believe the details about that college admissions scam, the unraveling of it came to light when a los angeles financial executive, maury to bin, was reportedly being investigated for a pump and dump stock scheme involving two companies he secretly owned. he then tipped off the authorities in exchange for leniency. let's bring in former federal prosecutor katie, this is a heck of a story. he attended yale. he then told the federal government and the investors or that the yale head of the women's soccer team, the coach there, wanted a bribe, sought a bribe in return for getting his daughter into yale. what do you think of that angle? >> well, you know what they say? there's no honor amongst thieves

and, quite frankly, this is very much like a lot of spears unravel. -- conspiracies unravel. you have somebody that's being investigated, they have to make the calculation, often early on in the investigation, whether they fight this all the way through to trial or they fold early and get some leniency. elizabeth: 761 families involved. people are saying this is just the tip of the iceberg. watch this. the mastermind of this, william singer, he wore a wire. prosecutors then said singer warned six families, hey, watch it what you say on the phone to me, you could be recorded. and now he's facing obstruction of justice. let me back up. how easy is it to be recorded without knowing it? >> well, you can, in fact, be recorded without knowing it especially if you're working for law enforcement and, obviously, every state has different laws regarding wiretapping. but it's very easy. and in this case in particular, the people that were wearing wires were working with law

enforcement at the time in exchange for the leniency that they're hoping they receive. elizabeth: katie, what stood out to you the most in this case? >> well, i think what stood out the most really is the brazenness and the extreme lengths that these parents and these people went to get their children in. it resonates with a lot of people. this wasn't just paying a little bit of money and getting a kid in. this was going very, very far to insure that that happened and totally different than the, quote-unquote, legal ways of donating money or being a legacy somewhere which may be unfair, but it's perfectly legal. this is just brazen and totally criminal in every respect. elizabeth: you know, if people knew on the face of it that the system felt rigged against american families. in other words, colleges were setting aside spots for student -- for athletes, rather, to come in when, students with

high academic grades were not getting in. it just felt more and more like a business, you know? not a nonprofit educational system, right? >> well, it did. and i think to some extent everybody knows that the college admissions process is not 100% fair. it's not an objective process, and it can't be by its nature. there are subjective factors looked to all the time, but you want to believe that you can work hard enough and do enough good and get in on your own merit, and this just really undermines that realistic hope that we all had, i think. elizabeth: katie, do you think the people involved see jail time? >> i absolutely do. especially the folks that have received the bribes and the money. they're absolutely going to see some jail time. as far as the parents are concerned, it's really going to depend on the amount of money that was exchanged and the federal sentencing guidelines are very complex, but they could be looking at some small amount of jail time, probably not significant amounts. but for mr. singer, for example,

he's currently facing 65 years, but with his cooperation and with the amount that he has assisted law enforcement, i think he's looking at somewhere with a lot less than that. at least that's what his hope is as well, i'm sure. elizabeth: it could be the tip of the iceberg, this whole story. katie, former federal prosecutor. thank you so much. >> thank you. elizabeth: coming up, the republican national committee really going after bernie sanders hard over what we have been reporting. and now this: sanders, we told you how he was pushing hard to nationalize and have the government control many major industries back in the '70s? we have even more on that story. you won't believe what's happening there. that's coming up. plus, alexandria ocasio-cortez's approval ratings are plunging. >> she faces opposition to her green new deal, and it's from an unlikely corner, it's the afl-cio, the labor unions who usually vote democratic. that story coming up. ♪ ♪ ng it's best

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♪ ♪ elizabeth: last night we brought you the news about that stunning report about bernie sanders' aggressive push to nationalize most major industries while leading a far-left party in the 1970s. bernie sanders wanted the

government to seize and control american companies including energy, utility and phone companies. this from the 2020 candidate who still will not denounce communist dictators while he himself lives more like a capitalist. well, the republican national committee took note. here's spokesman michael aaron tweeting out this: elizabeth: let's get reaction from american majority ceo ned ryan. ned, first off, your reaction to that. >> well, i mean, they're exactly right, and good for the rnc for calling out bernie sanders, because he's not talking about just any kind of socialism, liz, he's talking about the kind of state-run production. this is very un-american, and this is something that, again, we need to be calling him out on. en again, we're seeing this play out in venezuela. we are seeing a real-life experience right in front of us. and the other thing i think people should be calling bernie sanders out, again, he's not

denouncing the castro brothers or maduro. he's a communist sympathizer, and this is pretty staggering when you can say he is lead anything the democratic primary right now. elizabeth: yeah. he's described bread lines in nicaragua as a, quote, good thing. he said that castro transformed cuba. watch. >> everybody was totally convinced that castro was the worst bay in the world, all the cuban people were going to rise up against fidel castro. they forgot he educated the kids, totally transformed the society. elizabeth: he says the soviet union has good cultural programs for the young. your take. >> first of all, of course castro transformed cuba, he destroyed it, all the while enriching himself. i think he was worth close to a billion dollars when all was said and done, liz. but we saw the soviet union collapse. if it was such a great experience, why did it collapse? again, we saw that decades ago. ing this never works.

this is the staggering part to me, really the hubris and arrogance of the bernie sanders and aocs of the world because they think somehow they're smarter than everybody else and socialism will work because now they're in charge and, again, history is replete with that never happening. elizabeth: you know, the clinton camp says he only will fly private jets, not commercial. that's bernie sanders. the sanders family just shut down a nonprofit that was founded by sanders' wife and run by his son. it's after escalating criticism because this nonprofit was blurring the lines between sanders' family, between fundraising, between campaigning. it raised, you know, nearly three-quarters of a million dollars last year. bernie sanders' wife is worried about the conflicts of interest. you've got to know where all that money goes, right, ned? >> no, exactly.

i feel like i've heard this somewhere before, liz, the blurring between family, campaign and politics. oh, that's right, the clinton foundation, and not understanding where that ended and the state department began. people can get into serious trouble using nonprofit money for what it's not intended to be used for. we've seen congressman stockman and former congresswoman brown get nailed, and they're paying seven-figure fines and going to jail. and maybe the sanders' have woken up to the fact that their last name isn't clinton, and people do get hit for these things. maybe in some ways it's really the right thing because they're seeing the handwriting on the wall. the irs is cracking down on people. the shame of it is -- because i think the clinton foundation is a charity fraud -- it would be nice if there was equal application of the law all the way around. elizabeth: ned ryan, come back soon. >> thanks, liz. elizabeth: next up on "the evening edit," it's democrats against democrats. in-fighting within that party. president trump focusing on 2020, we're going to give you the numbers of where he stands

now, with watch this, the electoral college. and guess what? he's in the lead. that's coming up next. ♪ us as people. they see us as profits. we're paying the highest prescription drug prices .. r us. congress, stop the greed. cut drug prices now. a business owner always goes beyond what people expect. that's why we built the nation's largest gig-speed network

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liz: public and bitter infighting between democrats hurting the party and it maybe boosting republicans. the 2020 electoral college. this is based on estimates of opinion polls and approval polls. he's getting 248 of the 270 that's needed to win. let's bring in former california gubernatorial candidate john cox. >> the president is riding high on better employment numbers. but if i had to give the president advice, i would say keep the pressure on. in a lot of parts of this country there is an

affordability crisis. they are having wage gains, but they don't seem like they are getting ahead. a lot of times it's because of what these d these democratic candidates are proposing. a house out here costs 2 and a half times the national average and there is an affordability crisis. keep cutting regulation. we had a lot of productivity gains because of a massive technology boom. but we also have to make sure we stop regulating businesses to death, stop the litigation. when people are filling out forms and fighting with bureaucrats, they are not producing. productivity gains go to the workers. we have to make sure that continues to happen. liz: your reaction to alexandria

ocasio-cortez's approval rating plunging and her approval rating -- disapproval ratings soaring? >> the more she opens her mouth the more she indicates she is a 29-year-old bartender who hasn't been in the business world. liz: we are talking policy here. >> her questioning of the wells fargo executive was classic. accusing him of oil spills when he's just a lender. she doesn't understand how the economy works. people are going to get to know more about this woman. she is fairly vocal and attractive and that's fine. but you have to have some substance behind you. people are going to see she doesn't have that much in terms of substance on a policy level. liz: john cox, love having you on the show.

come back soon. thank you so much for having us in your homes. thank you for watching. lou dobbs is next. have a good weekend. [♪] lou: good evening. president trump standing up for the safety and security all americans. his courage and commitment to national security in stark contrast to the cad rall dimms' denial of the crisis rampage on our southern border and the unforgivability weak kneed rinos. the drugs and guns and sex trafficking across the border. for the first time in his presidency the president