tv Bulls Bears FOX Business March 22, 2019 5:00pm-6:00pm EDT
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not find out much of anything. susan: who knows. it depends on bill barr. and attorney general's office, we're waiting, they usually do this ranch market hours. >> have a great week, bulls and bears, they start right now. david: stocks rocked by fears of a global slowdown, that could affect us at home, this is bulls and bears, i am david asman. on panel moran or teg as, adam and gary b . the dow closed down more than 460, this is the worst day since january 3 after a slew of weak economic reports here and overseas. are we seeing the gip of beginnf something concerning what do you think? >> i think we're on the edge of something concerning. this rebound that happened since december went too far, i think that market got too hot. it is good federal reserve
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realized they were slowing the economy, they did not need to raise rate, perhaps too late. it was not a reasons to have all new highs in market. reason that federal reserve is being more dovish, is because the global economy is weak, that not driving global earnings to the s&p companies they have earnings all over the world, they will not be high right now, you will not go to all new highs because there is an accommodative fed. federal reserve engineered this inverted year curve it is scarey to invest -- inverted yield church icurve it is scarey to is right now. the whole thing is a mess, it is scaring investors, i hope long-term rates go back up and short-term rates go down that is what we need. >> i agree with what most of jonas said, but maybe very bad
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part, that is keep of to be determined. the bigger picture, yeah, i think there is a slow down it is driven by china. not because of the tariffs. this is a country as i stated many times, just like we did in you know few hundred year ago moved from to an industrial society that propelled united states great growth, china has done the shame. but now they are past that peak, and they're past 10 perspir year annual growth -, 10%, per year annual growth. a lot of europe is not as democratic, their growth has been more on the tepid side that feeds into our growth. forget about the market. we had a great run. but we were inevitability going to slowdown a bit. we have things like an aging population that japan has gone through.
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other big indicator we talked about on this show, i keep looking at housing, particularly high-end housing, it is dead in no matter what part of the country you talk. as someone who is a homeowner looking at ways to potentially sell my house, realtors are saying don't wait it will get worse, this is the most on businesoptimistic group in the . >> looking at the international picture there is not a lotted good news to geopolitical scene, we were talking about europe, and uk continues to stumble its way through brexit, in is hardly any good news there. and when you look at the u.s. and china. we still don't have a meeting between the president and xi be we have mnuchin and lighthizer going over next week,
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potentially we'll have progress there. the chinese economy has somewhat slowed. if you go around the world, and you look for good news, there not a lot to be found. >> here my only quibble with what these three extremely smart people have been saying, that is, none of it is new. >> i hate to too this is middle of your sentence, but we got breaking news that mueller report has been delivered to attorney general barr, edward lawrence. reporter: this is something we have been waiting for, we have confirmation fox news confirming mueller report has been delivered to attorney general as of 5:00, we have confirmed from sources on the democratic side, and republican side, house and -- that senate judiciary committee members have been alerted to come meet, a very short notice, no topic what the meeting is about. we can assume that since the
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report has been delivered it is a briefing. we don't have details of what is in the report as of right now, but 1 -- again that report has been delivered members of judiciary committee called to a meeting, possibly to be briefed about the report back to you. >> all right. edward, bottom line, everyone said they want it released. both the president, democrats, republicans. how soon before that decision is made? >> you know, it was about what a anonymous vote there in the house to release this make public this mueller report. you know the attorney general is one who has to decide what gets to be public and not. you remember to testify, attorney general barr in his confirmation hearing said he wanted to make as much of the report public as he could, he will error on side of more daylight as opposed to covering up much of what is in the
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report, hopefully we'll see some or all of the report. that decision will come in coming week or so, but this directly related to decision that attorney general can make. david: edward, there is a lot of breaking news, i collect more as we have judge andrew napolitano on the phone. let me start right there, how soon before we the general public find out what is in the report? >> i wish i could tell you that. you know the attorney general and his team will have to go through it. and decide what parts are appropriate for public viewing and what parts are not. for example if there is testimony before a grand jury, which did not result in the indictment, the law prohibits that testimony. its existences and substance from being made public. if there are documents in report that reflect decisions not to charge people with crimes, or not to seek indictment, that
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information is protected by law. how the attorney general rally will reveal that i don't know, but under the rule that created this special counsel office it is vested into attorne attorneyl barr's discretion. david: one of only bipartisan things in capitol hill is that they all agree that this thing should be released from the president on down, won't that influence the attorney general's decision. >> even he can't break the law, there are parts that can't, the third category of information that cannot be released is the classified material. confidential, top-secret. we don't know if this is a hundred paged or a hundred thousand. whatever it is, his team has to go through it to look for types of things that law prohibits from being made public. short of that, he can release whatever he wants, rule hermits
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him to re-- permits him to release original documents and create a summary and release a summary. david: if there a recommendation of indictment, i think he is can only recommend to indict. he cannot actually indict anyone. only recommend that attorney general do that? >> no. when you say he -- >> mueller. >> mueller can take any evidence he wants before either of his two grand juries, and seek an indictment. and if anyone has been indicted bit the grand jury, we know people have, those were done with approval of this attorney general or rod rosenstein. with respect to the president, that is a different story. the justice department has three scholarly opinions on whether a sitting president can be indicted. two say he cannot, two say he
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can. david: what say you, why? >> i thinjudge.>> >> i think that statute of limitation about to expire, then the appropriate procedure would be to indict the president, seal it and not reveal it until the president is no longer in office. david: chance of that remaining secret for the next two years is pretty slim, i would guess. hold on, judge, because lawrence has more. reporter: we're going back and forth this comes in, a little bit more, letter sent from attorney general to the house and senate judiciary committee heads of the committees lindsey graham and nadler, and collins. and in that lotter, special council reads in part, mueller concluded his investigation, into russia interference in 2016 election and related matters, that letter says that it may be
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in a possession to advise special principle conclusions as early as this weekend, saying perhaps that weekend they could get more information on the cleuconclusion in the report. the first step is to notify the members of house, and senate judiciary committee as to what is in this report. david: judge, since members of congress will have access to this, granted they are specific members, limited group of individuals, the chance of keeping this thing under wraps until this administration is over, would you agree is small? >> i would imagine that is impossible. first. members of congress are add adept at anyone as leaking any member of congress can do what
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senator feinstein did with 6,000 page torture report taken to the floor of either house or senate. where it can be revealed with total immunity, i don't know if anyone wants to chance that, there are political repercussions, this will come out shortly one way or the other, whether good, bad or up different for president. david: is mueller commissioner or special onc counsel he repres is that dissolved. >> i don't know if it is unfinished business. would have to be passed on full time sitting u.s. attorney in dc. david: i'm just tempted to use that phrase our long national nightmare is over.
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it has been a nightmare in many different ways for both sides i think. is it fair to say that, i know there is going to be a lot congressional investigations that will continue. at least until the end of the next election. but is this likely to be any other investigation that results from this report? >> you are quoting president ford. when he addressed joint session of congress, days after hours after richard nixon resigned. ure lonour long national nightms over, david it might just beginning, we don't want -- we don't know what is in the repo report. if they don't like it, they will seek the impeachment of the president. this is just the not the end and not the beginning of the end, just the end of the beginning. david: and at least we have that
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come to a conclusion with regard to this report, we hope we can see soon, i think just about everyone is in agreement, judge andrew napolitano, great to have you here for this breaking news david: appreciate it. >> my pleasure. david: trump raising eyebrows. metastatic breast cancer is relentless, but i'm relentless too.
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and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. and our shirts from custom ink help bring us together. we order custom ink to welcome new employees, personalize team shirts, and even for company events. the design lab is so easy to use. we just upload out logo and if we have any questions, customer service is there to help. seeing our team together in custom ink gear is an amazing reminder of how far we've come as a business. - [narrator] custom ink has hundreds of products to help you look and feel like a team. upload your logo or start your design today at customink.com david: reaction pouring in after trump tweeted he is we drawing new sanctions. >> interesting, surprised a lot
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of folks within the administration. says it was announced today by u.s. treasury additional large scale sanctions would be added to those already exists on north korea, i have ordered the withdrawal of the additional sa- sanctions. to be go over to north korea. benefiting from it. white house issuing a statement press secretary saying, president trump likes chairman kim, and he doesn't that sanctions will be necessary. a message may be to north koreans that senator latched on tweets later on, saying there no question, that donald trump is being play by kim jong-un, one of the world's most vicious
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dictator, sidestepping his department. defies logic could congress must step in, pass the brink act, and sep tsenator holland and toomeye sponsors a. it seems it was those two from yesterday, two chinese shipping companies, those sanctions will be lifted. >> thank you. david: appreciate it. bring in gordon chang, author of north korea takes on the world, what do you make of this. >> this is difficult to justify. essentially this works and kim jong-un at next summit said i'm giving up all nukes and missiles, the everyone will say president was brilliant. that is entirely almost
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impossible. president trump would be first in 7 decades. other thing that president has done is mortgaged his future to kim jong-un, he put his future in hands of kim, if kim does not rece-- reciprocate makes presidt look pretty bad. >> do you think that this potentially related to the on going trade negotiations with china? maybe because as we talked about mnuchin and lighthizer going to chain next week, so -- china next week, perhaps president wanted a cooling-off period. >> that is a great question, i sort of think it is related in one sense, chinese will say it is easy to get president of united states to lift sanctions.
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yesterday 12 hours ago, kim jong-un said he was pulling out of the liaison complex. what happens then president trump removed sanction on chinese company that were violating u.n. sanctions? i think that chinese are happy about this. saying, we can pull his chain. >> adam in california, a question that i fully disclose as a bit of a statement, what do you think this says to our allies and other country in world when president o of u.s. makes a decision based on liking a brutal dictate or. >> i don't know what to say alarmly american foreign policy is personal, we had presidents who had you know differing views but they generally hugh to same foreign policy, a benefit is that country have come to rely
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on the u.s., to ensure peace and safety in the world, when you have erratic u.s. foreign policy then countries will like to themselves, not to u.s., they say, why are we going to do this, when the united states is just not making sense. >> gordon gary here. statement and then a question. first i agree with what you said, statement is this is got to be the goofiest think i heard, that treasury department, which is far as i know still reports to the president, makes a decision one day. president turns it around the next day that is just idiotic by any management stretch, my question to you is, trump he stated he made this because of a personal relationship, he likes kim. on the flip side do you think that president kim at all gives
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a damn about personal relationships. >> no and for a couple reaps reasons, he will see this as sign of weakness and press the advantage, this is how the quimm family dealt with others. we cannot reciprocate with gest iregestures of friendship. david: thank you, we appreciate you coming in. gm's mary barra with an announcement today, in wake of tough criticism from trump, did the president's tough talk work? more on that coming next. ar. it turns out, they want me to start next month. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now...
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new plant in mitc michigan. if trump's criticism had anything to do the announcement. reporter: if mary barra is congressry at presidenangryat te did not let on today. i pressed her some on what president said he would like gm to do, put another vehicle at that plant or selling. >> it is always difficult when you impact a plant, we have to make tough decision, it market reality, people are shifting from small cars, we have to make the decisions to maintain the jobs we have in this country and can continue to create more, i understand it tough, that is why we're focused on every employee we have. workforce we have. we want everyone of them to stay part of gm team, we had 500 move
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to other locations, we will have other opportunities including some in ohio, we'll continue to focus on that, i understand it a difficult message. reporter: gm making chevy volt and sonic, they will add the new all electric vehicle that was to be made in china now moved to be made here, mary barra said not this response to the president but that is where the future is. david: thank you very much joining us gary, auto editor at fox news. news. barra said it has nothing to do with what president said, are his bully pulpit lectures paying off. >> it may not be this one, it may has been building since november. this is one way they can
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alleviate that a little bit. this big change. this is not something you do on a wim -- 300 million is a lot. a big change for the company's bottom line. >> gary, this is jonas, i want to work off what was discussed by bar. barra. let's talk about electric cars, this this a party they have already mixed. should they have let it do not bother? >> gm has to get into this, they won't sell a million more cars that are electric. it is not a home run, they sold 18,000 of those last year that was down 23% from the year before. it was brand-new.
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tesla has been eating its lunch, now they have a 35,000 dollar model 3 it is not going to betancesser next year. >> looking at early sale of electric cars like early sales of the ipad or iphone. you said, a moment ago electric car market will anymore mature overtime. , is that the bet they are making? that by way everyone else is making? >> right, gm's future in electric, does not mean they will sell a bunch more electric cars with the cars it sells, they will become electric cars over next decade. that is what everyone is planning on. that is what this is about, and it is why lords town really had a problem, in plant is under utilized, it is the center of general motors electric and
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autonomous activity. >> but you know, electric cars are still -- they are not over 3% of all u.s. sales, that is with company adding multiple new tropic vehicles -- new electronic vehicles is it really near futpure. future. >> it is not near future, will take longer than 10 years. right now cheapest electric cars are 35,000, that is not cheap. >> and they are ugly. >> this is gary in florida, couple questions, is the future really for the gms and fords and electric trucks are they selling bigger vehicles, people, barra said they are moving from small, they still make a lot of money in suvs and big vehicles. second question, is you talk about infrastructure, don't we need some or gm ford anyone talking about putting in
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electric chargers across the country, that is the key. that my reluctance, condition ra cross-country trip. >> and they can't charge them up fast enough if they do. they are collaborating with companies but it is not super fast chargers, as far as trucks, ford has confirmed it will be building an electric version of the f-150 in a couple years, gm has not shown its cards there. david: how much of their enthusiasm or mary barra's enthusiasm for electric cars is left over from her working with
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the obama administration. >> general motors did build a first electric car in the day, and chevy volt went who production or developed over obama showed up, he pushed it along. as far as trump, you know they don'theyjust need his help to gf their back, they need his help on a mission, they want the electric car tax credit extended. there is a little bit e little d forth. david: gary, great to see you thank you. >> thank you. david: alexandria ocasio-cortez hitting back at the president after he slams her green new deal as quote, preposterous. her ponce t response trump and s raising some eyebrows, next. fact is, every insurance company hopes you drive safely.
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>> you look at this green new deal, it is the most preposterous thing, i don't' to knock it too much, i hope they keep going with it, frankly i think it will be very easy to beat. david: president slamming green new deal as preposterous, here is how alexandria ocasio-cortez defended the green deal last night. >> give you a chance to clear fi th--clarify green new deal, one thing that president say you would outlaw cows farting. children, hamburgers, ice cream, any true. >> always good to see how these narratives are manipulate the, they are trying to say the green new deal is about what we have to cut back on. but the green new deal is a resolution doing more expansive.
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david: is it being misrepresented what do you think? >> i wish -- -- david that he hd the president said why it is preposterous, a step back, green new deal has two prongs, it' to address climate change and income inequality. i'll grant you it some government's role in climate change, think of government as landlord of the environment, unfortunately every study shown it would take trillions of dollars, it would set us back economically hundreds of years, and it can't be solved unless every country participates, most notably china and part of europe. you can't. second part, i have bigger problem that is solving income equality for one reason, it is not the government's job, there is no one out there, she thinking that the government has
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some checks and balances to decide between top and bottom, there should be 5 or 6% difference. that not the government's role, even if it was, any decision to try to solve income inequality fights against human nature, humans don't want to be average, ven my good friend adam, most liberal socialistic person on this panel, he does not want to be a average writer of fortune, he wants to be best writer, someone has to be the worse. >> and waiting patiencely. >> i agree with gary, but i was talking about today how republicans need to have an opportunity to look at the private sector solutions for cle change, if you look at polling for anyone under 40, climate change is important to the younger voters, i agree with
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dismissing this green new deal as a policy pros at, republicans need a answer, this reminds me of 8 years of repeal and replace during obama administration, without a plan, there are private sector solutions, private market solutions, to climate change that a lot of young business people would be supportive of, up sti instead of spending our time up thissing our note at her -- instead of spending time thumbing our note at her, let's come up with good ideas. >> that is wonderfulling is, green new deal is a series of talking points, and what are we and the president doing? talking about it it is a big success in that regard, and gary, very short history lesson, the new deal, which is what she is making a reference to, addressed big problems in society including the fact there
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was a lot of pasty poverty, it s a pretty good success. with my mild teases. >> quick, counter point on that, unemployment was same almost same at begin of new deal as the end was new deal. it did not address anything other than government overreach. >> unemployment rate over 20%, we need a new deal. unlike 4%, you don't neat government tneedgovernment to hn lines go away. that said, people are manipulating this, because it is so vague, yes, it is a series of talking points they need to tighten up the points, so people don't say it will be a ban on planes, does not say, that but it has vague notions and goals, that you can say anything about it, because is not giving you a path to how any of these will be
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achieved, the fdrprograrprograms very specific, about their is no plan to have government do anything on this scope well, it would not work basically. david: adam, you are right. we are talking about it. in that sense it has become a talking point, but i a lot of democrats wish we were not. i don't know, you are dammed in you do and dammed if you don't, we have to move ofirst global airline publicly canceling a big ord 4order from boeing, is thise beginning of the end for 737 max? to be nobody but yourself in a world which is doing it's best to make you everybody else...
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>> going to take more organized passengers, people to say they will not fly -- boeing max, that the get the attention of airline, mark our word, boeing will be held accountable. david: that was consumer advocate, ralph nader on our show last night, now first airline indonesia airline confirming it is canceling orders of boeing 7 37 max after saying consumer have lost confidence in the plane.
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joining us george hamlin. president of hamlin transportation. is this beginning of ep ar end e 737 max? >> i think safest thing to say, rumors of its demise are premature, gruda already host postponed the orders of the plane. other question, this beans means larger in general, if you give up on the max, where do you go, how soon can you get a replacement. >> my view point, this is all terrible, a tragedy. when they fix it and they will, because they know how to deal this, they will have a public relations blitz to reassure flying public and customers, airlines will have no choice but to accept that because they
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would rather that this plan than not. >> that is very true, their two competitors 737 family and a-320 from airbus, order book is full. are in any quantity you can't get them for years, boeing will either fix this or we won't be talking about boeing again. >> george, this is jonas, is this anything like the toyota acceleration scandal, that was a big pr problem for the company. it is just a snow ball effect could this area line, is capable of making planes, it will become a hi hysterical over everyone canceling orders. >> there have been aircraft you know that were grounded in the past for different reasons. this is the first one that taken place in this part of
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information age, social networks and et cetera to news can travel all over the globe instantly. that is a phenomenon we have not counted on before. it against first thing we need to do is get problem solve the, take lessons learned out of that and fix what is approve prep yeah, the -- appropriate and do it with urgency but not hasty. >> this is morgan, i think that this is been a prdisaster from the beginning a case study of geopolitics. boeing has handled challenges before, i think in 2013, the batteries that were catching on fire, you know more about this. but they seem it handle that much different from this case, i'm in the sure why.
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>> well we had two fatal accidents with large numbers of passengers onboard. that was not experienced on the 787 program that was is a physical problem how do you contain a run away lithium battery, this was easier to fix, and less at stake, we're still finding out the root causes of this. the root cause was that was certain. this is a little bit more complex. but the point is that 787 survived that, it is in service, i know a number of people who hike it well. >> george hamlin thank you, we appreciate you being here. >> thank you. david: well potential independent presidential candidate howard schultz said this eliz boa elizabeth warren'o break up big tech goes to far.
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[♪] david: howard schultz doesn't like elizabeth warren's calls to break up big tech. he prefers government oversight rather than regulations for big tech. is he right? >> no. i am probably the most of placid person on this panel. i never show my emotions. but you know what i'm doing on the inside? i'm screaming. you know who has government oversight? the e.u. how are their amazons and googles doing? they don't have any. no innovation happens over
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there. i see adam smiling. i'll be interested in his response, but i don't think he has any. >> i don't know what the difference is between government regulation and oversight. >> that's my point. >> howard schultz is not a politician. you won't win elections that way, howard. that's what a good ceo does. >> airbussing with nestle's. the letters match. the ceo or the former head of starbucks knows this. if you break up big tech next they will come for big coffee. but he's right as he was about the high wealth taxes. but the problem is he's not a
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good vessel for this because he's looking out for his own wealth and own company. you are dealing a dollar short. the proper oversight that even a starbucks had along the way about sanitary conditions. that didn't exist as all the companies grew. it was a mistake to let this much power be created in the hands of so few players. i think they should and at this point they should stop further acquisitions in those same handful of super big tech companies. they should have some rules about how many ads the government can do. >> i think the better conversation to be had here that we could have instead of breaking up these companies is the manipulation by terrorists,
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russia, et cetera, what happened in new zealand this week. it's an important conversation to have. david: if howard schultz thought he was going to please the "bulls and bears" crew he was wrong there. liz: welcome to "the evening edit." we have breaking news on the mueller report. reporter: this is interesting. from a senior official at the department of justice. they are not recommending prosecuting any more indictments. there are 36 field indictments -- sealed indictments the department of justice officials will be dealing with for some time. the white house was notified. the report was delivered at 4:45 p.m. 15 minutes later the letter was
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