rich can afford. >> there is no such thing as privacy these days, thank you for joining us, that is it for us, david asman, "bulls and bears" starts right now. >> they are having a good day, i'm having a good day too. i was told no collusion, no be obstruction. this should never happen to therefore president. david: two years, 25 million dollar later, mueller report is out, this is "bulls and bears" thank you for joining us, imdavid asman, joining me today, liz peek. gary kaltbaum and our very own mr. lou dobbs, and we're joined by former pennsylvania governor ed rendell. but first edward lawrence in the

beltway, have you been combing through the more than 400 patients of the report, about 900 reductions. >> 448 pages, there is a lot going on. two things obstruction of justice and collusion, no collusion found. with the russians in this report, there are 11 instances of obstruction of justice, that were analyzed. 10 were directly with the president, on june 17 president called white house council telling him to argue that they had a conflict of interest and must be removed. the president met core lewandowski asked him to pass a message to jen attorney general jeff sessions to say that investigation is on fair and focus on future election interference, the report said that president's eare i effortso

influences were mostly unsuccessful. however, there was no concrete collusion or obstruction of justice in this report. the attorney general said that level of cooperation from the white house played a factor in his determination that no crimes were committed. >> the white house fully cooperated with the special counsel's investigation. providing unfettered access to campaign and white house documents. directing senior aides to testify freely, and asserting no privilege claims. and at the same time president took no act that deprived special counsel of the documents and witnesses necessary to complete his investigation. reporter: attorney general believes this goes directly to intend to let the independent investigation finish. attorney general said there will be a lot of answering questions for him, may 1 he will be in front of senate judiciary committee and house judiciary commit a day later talking about

the report. david: thank you. >> i hear ed rendell is with us, bring in criminal defense attorney, venu vargis, how good was this memo summarizing this report. >> i don't think it was good at all, that combined with his press conference forward, puts a lot of spin on it and i'm going to make a joke here, i thought you know william barr was a future in the nba because the spin he put on it recommen rec f michael jordan playing for wizards. -- he looked at at document, they. you have laid out or mueller

laid out multiple actions again the president. that together as a whole in my opinion could have made be on vehicle you you shoulbe onokayoe punted. and barr is putting his spin on it, saying he made choice to not proceed on the obstruction charges that is consistent with doj guide lines. he have highlighted multiple contact between russian officials and trump campaign officials none of which rose to a crime, the term is no conspiracy to work with russian government to achieve illegal ends. but there was contact. >> contact between whom? >> members of the trump campaign and russian officials, paul

manafort, kill mennic -- >> what does that have to do with the president? >> paul manafort -- >> contact took place years before the campaign. >> there was contact. in the report between manafort and kill mennic, they providing polling data. >> again -- again. >> first page. >> no act of in anyway of collusion. conspiracy. cooperation. if i may -- >> sure. >> in any part of the report or the findings of this special counsel. and remember we're dealing with the findings of an investigative time as president described them, 18 angry democrats, and robert mueller who was quoted, from a june conversation of 2017 saying he was handed a piece of crap. and immediately then pivoted to

obstruction of justice just to preserve an inves investigative initiative, to me that is shameful, shameless, shame, shame, shame on special counsel for pursuing it, this president in my judgment exper exercise great restraint and maturity. he had a special counsel on his back for two and a quarter years, not fired him, not to have obstructed justice is remarkable, any since citizen in this country would be gore fiftn if they said -- >> can i say something about robert mueller. >> you can tell me what you want, but respond to what i said. >> i will, you attacked robert mueller. >> i am act talking. >> i met a number of people who worked -- >> you know, what i'm going to

applaud you, that has no bearing with what i'm saying. >> in this country were painstaking as thorough the robert mueller we would not have epidemic. >> forgive me, the federal court system is pulling with char to knows and fools, you cannot get a speedy criminal i speed trialx >> you have prosecuters. >> they are delay zed because of the deficient. >> i see, the -- because of the defense. >> come on. >> this is -- pr pro post -- p - >> i'll go ahead, i'll have an ice tea come back later. look, i understand that point you both are making, remember bill clinton and starr investigation. bill clinton had one of his most productive years as president during the same time that he

investigate was going on but impeachment process in house. bill clinton got a lot of things don, including welfare reform, he managed to function without a hitch during that time. >> and balanced the budget, ed as well. >> and lowered capital gains tax. >> could i make a point? ed? about that. >> sure. >> on other hand no one was suggesting that his presidency was illegitimate, this president has held up well given this democrats from day one have asserted he was not a legally elected president because of moscow, i want to ask about obstruction of justice, putting aside legal issue for a moment, common sense americans are going to say how could you have obstruction of justice if there was no crime. he was blustery, he was

frustrated, angry who would not be. these issues none of that seems to me to come under any heading but he is punching out. >> that prerequisite for a be on obstruction charge. even if there is no underlying crime, that determined. there have been to knows of cases like this -- tons of people like this. >> do you think that american people would put up with that as a second quest if you will? i mean. >> that depends on how they will vote. >> in if mueller did not concludconclude there was no obstruction of justice. >> he did -- >> did he bridg bring a charge. >> he was constrained. >> there is no evidence. >> the deputy o department of jt to lines. >> there is the answer.

>> i have more. >> hang on. >> >> you can't have under doj guide lines, he said this, he -- >> let me let gary get in. greetings from orlando, florida, let me say, if i never hear the name papadopoulos and manafort again i would be happiest guy in america. >> many. >> amen. >> i am not looking at their as a lawyer or anybody with a radio show, tv, i am -- >> hey, hey. >> an -- no, no. >> nothing wrong with tv shows. >> i know we have 23 months that have passed, we have a man with a back ground of mueller, a ton of people doing investigation after se investigation, 24/7 a couple of cape cable outfits ripping hip to sled shreds, using terms --

>> and my god. >> and now we're done. and all i know is what is next? all i know is that there was no collusion. but all i know is mueller has punted to to who knows what is next, i am a little bit angry because i think we're just in the first inning of this, this will continue. david: we'll talk in next segment could. , about what this go from here, political implications, but i have ask you counselor about question that liz raised. problem is this investigation from the get go is that it started with no crime. counter intel. no criminal investigation. therefore, it was a hunt for a crime, this is something that andy mccarthy, great prosecutor, say time and again, it was a hundred a hunt. if you want to call it a witch-hunt or not is up to you. >> i do. david: i know lou does, but this

was a hunt for a crime, yet you had a wunsc bunch of prosecutoro clearly had a bias again the president, most democrats looking for a crime against a person. who they had bias against, that is that is a stacked deck is it not? >> i -- i disagree with that assessment you have last i checked robert mueller is a registered republican. >> -- for crying out loud. >> you cannot knock someone in fbi or doj because they are a republican a democrat, they will do their job, most of them have, and robert mueller did. >> i want to let governor in. >> well. first, i would like to make a point that mueller is a registered republican, but aside from that, there is a crime, russian agents hacked in, they interfered with our election. 14 were indicted that say -- is

a serious crime, we should not lose sight of that, mueller investigation had a serious task, which none of us including president are taking serious enough, they compromised our election. they compromised our election we have to take action and make sure that can never be done again, we lose sight of that. >> crimes were found but it started as a counter intelligence investigation not a criminal investigation, that made it different. >> the charge -- go ahead. >> there, many crimes, and the crimes where carried out as fawaz we can determine with -- as far as we can determine by officials of fbi and department of justice and that investigation we'll know more about in next 60 days, the crime hire was trying to unseat to

over throw, throw a lawfully elected duly elected president of the united states, that is the nexus of this investigation, that is the crime that will be focused on. >> that is the last word, our advertisers are killing us. totop democrat lashing out, when their strategy backfire on them that is next. >> attorney general did a great disservice to the country by misrepresenting significant parts of the mueller report. attorney general is not the president's personal lawyer, he may feel he is.

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>> attorney general barr appears have shown an unsettling willingness to undermine his own deputy to protect president trump. barr's words and actions suggest he has been dise disingenuous ad misleading in saying that president is clear of wrong doing, we clearly can't believe what attorney general barr tells us. david: democrats attacking attorney general barr, vowing to continue investigating president

trump with all power they have, enadler sending this to mueller. nancy pelosi and schumer realizing a statement, differences are stark between what attorney general barr said and what special counsel mueller said as we continue to review the report, one thing is clear. attorney general barr presented a conclusion that president did not obstruct justice. the question, do americans really' this do dra drag on or d it backfire on democrats? there is a sincerest potential it could backfire, it did against republicans of impeachment of president clinton. but, i think this important that democrats do continue to investigate charges that are important charges that are teach us something that get ready for next election. those things, i think

manifestatively due, and i don't think that attorney general barr was truthful where he said there was no contact between officials the trump campaign and russian government, mueller found dozens. but more personally, democrat have to legislate as well as investigate. if all we do for next two years, is investigate, there will be backlash. democratic congress should pass legislation, on immigration reform, legislation fixing the problem with the acarc the a ace to attack the problems that affect mr. and mr. america at their kitchen table. if we don't do that and just investigate we will suffer if it. lou: one reason that governor rendell so affected as governor he correctly identified what his constituents required, needed and acted and governed from the center, i think it is an han or thonorto be on broadcast with yd

other panelists. there is no finding of collusion. there no finding of cooperation or conspiracy with the russians. in full close stop, that is the finding. any one who h is not an attorney just regular folks, listening to the reasons as to why the mueller witch-hunt would pivot, pivot in june of 2017, from collusion to obstruction of justice, we understand why. he he a piece of crap in his hands, he was the out of a job at that point. and so was his investigation. he then brought process charges again a lot of people, indicted russians that we'll never see, this say preposterous situation

that has been enabled by a special counsel who forgot what he was put there to do. and let's remember this too, governor, i don't know how you would feel about this, but i believe that it is very clear that the democrat di did not succeded in their purposeful goal which was to unseed a lawfully duly elected president of united states, but they did steal election in november of 2018 as a result of the continued process crimes that were brought and the investigations on obstruction of justice which amounted to nothing. >> go ahead governor. >> i'm not sure i agree with that, i think healthcare had a lot more to do than the investigation. i just want to remind everyone, about what was first count of the impeachment article against president clinton? does anyone remember?

obstruction of justice. we better bear that in mind. but it -- lou: how did that work out? >> not so hot, he was impeached. >> perjury. >> it did start with a crime. go ahead. >> it seems that in particular jerry nadler, goes forward with all of is u -- subpoenas and mae water to everyone bank dealing every business engagement they had. i think the american people will start viewing this as harassment. in terms of way that trump voters look at it, they assess these 10 incidents of possible obstruction and compare to hillary clinton, bleaching her hard drive, actually physically destroying all tablets and computers she had been using. they open to rise to a much my

higher level of real obstruction of justice some never got -- which never got acknowledged. unfortunately, i know that is not a what if sort of or what about, what aboutism i guess. but it does seem that a basic issue of fairness about this president. i don't think that people think he has been treated fairly. >> living in reality as i drove into studio, i was listening to adam schiff, not one word on moving the country forward. not one word about anything about the american people. and jobs and the economy, it was all about trump, and investigations and investigations, and trump. let me tell you you what will see are in next 500 or so days, 24/7 investigation from committees, and those network covering it 24/7, and i have to tell you, i remember what happened with clinton republicans, the republicans were wiped out after that.

david: speaker pelosi. >> i have a ca a -- believe thal happen. david: i think speaker pelosi remembers and interesting one word you did not hear from speaker pelosi or senator schum oschumer or adam schiff was thei word, they did not mention impeachment. that might be their strategy. >> two empirical interjection, one to ed's point about he thinks it of more about healthcare. it of was a contribute or, but what i say they stoi stole elecn of 2018, it is with imperial thl reason, polls then though most

americans then thought president trump was not being truthful on the issue of collusion. and per pay th perpetuated by og investigation of the collusion. and secondly, what this congress and this senate republican, led they need to do is focus on real policy that benefit the american people and the nation. at-this-point the democratic controlled house has not passed a single, mea meaning peal piecf legislation. their energy going to harassing president of united states with the silly subpoena and chairman. david: in one hour and a half we'll all watch you on your show. lou: excellent. david: you have to go prepare for, we'll let lou go for, that a big show as you continue to follow this story, your guests

victoria toning and joe digenova. great to see you. lou: very nice of you and the panel. david: we'll be back in a moment, talking about the economy, is a recession on the way? majority of america's top cfos are getting scared, they are sounding the alarm but j.p. morgan jamie dimon strongly disagrees, who is right? that is next. >> what kind of year are you expecting. >> i think united states will be okay. the unique challenges in that sector? coming out here, seeing the infrastructure firsthand, we can make better informed investment decisions. that's why i go beyond the numbers. whoooo. did you know the exact same hotel room... ...can have many different prices? that's why tripadvisor searches over 200 booking sites to find the lowest price on the hotel you want.

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>> i'm not predicting it. you could have a good environment for a while. >> you don't see a recession in the next couple of years? >> i don't. david: that is good news, j.p. morgan ceo jamie dimon telling

your maria bartiromo he does not see a recession, but many predict one by summer of 2020, 84% believe first quarter of 2021. caroll roth is joining the panel, taking lou's place. >> you know, great to be back. i have left my job at psychic friends network this is the best guess now. i tend to go with jamie dimon. this year should be a good growth year, there is a better likelihood of us go sideways versus a recession, but we still have china and international economy in a black swan event. it is prudent that cfo's prepare for worse case. i think that jame diamond is out ahead. >> let be me be more positive.

i think there is a case we're accelerating from here,y watch market closely, strongest stocks in market right now, are caterpillar and deere. the transports, that does not happen, never happened, if we're going to a recession. i suggest that they are getting better, and getting better in asia also now, guess what? a lot has to do with easy money out there. but i deal in reality, i am pretty sure we'll see a pick up in the economic stats, over next 6 months. >> governor? >> i don't know, if i have enoughic therapies tic -- expern opinion, i will say, we need to undertake a significant infrastructure revitalization

program that will charge the economy. >> and by the way, reason we were so concerned about a recession coming in, that china is slowing. the e eu is slowing and fed hikg rates, they have gone away. i am go gary. we saw good retail sales number, just for last month. there are all kinds of indicators, i think that second quarter will be strong and first will be better than expected. david: we could get a china deal, i think one of the thing that is slowing up china process is this administration, surprise, there is politicians, trying to stretch it out to get the biggest bump that might last through the election itself. >> i think brexit will happen before the china deal.

let's me say one thing that is important. have you 2.5%, 10-year yield that is really low interests, great for mortgages and houses. again, i'm keeping my fingers crossed. you know what i think long temp, debt and defits are coming home to roost but right now market does not care. david: let's leave on good news. >> 60 u.s. biggest companies reportedly paid zero dollars in federal taxes this year. i bet you didn't, critics claim trump's tax law, but is that really the case in we'll debate it coming next. liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so...

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david: 6 where are o 60 of somes biggest companies paid zero federal income tax. on that list amazon, as you know

from bernie sanders, and note kt internet flex. delta, jetblue. does this hit on a pla flaws ine tax system. >> i issue is not so. the lower tax rate, that is not what that argument is about, i a argument, elizabeth warren has fastened on these numbers to propose a 7% tax across the board, we're talking about a difference these 60 companies, of 12 billion dollars, that seems like a lot of money, in great scream, in 20 trillion dollar economy, it is not, biggest loophole is encouraging investment. we understand that is worth while for country, it drives

productivity that drives wage gain. i think we have to be careful before we start messing with this. david: governor? >>, i don't think just a question of how much money it bowwould net the industry, thisd not just happen during president trump's time. i was shocked to find jeff, head of committee, ge pai no taxes. it is basic fairness. you say they invested it, trump tax cut was -- given to corporations because it was too invest in job, they did not really invest in new jobs they invested in give backs to shareholders, things that done t benefit the average working

person, i would love a corporate tax key that job creation, you get extra reduction in your taxes for each job you created in a given year. >> this is first time in my lifetime we had more jobs than job seekers. we do have a lot of jobs. >> what type of jobs? >> across the board, including manufacturing. >> no. >> let's take a sti step back ad remember why it was done, that was a marquee thing that president trump did corporate piece of tax cut, we were not competitive on a world wide basis, money was sitting overseas and companies doing inversions to get out of u.s. to avoid our tax structure, which was too cumbersome. he fixed that is a great thing, we have companies that are investing is a great thing, those companies who have lost money in the past like amazon for years and years and years

should be able to carry those losses forward, the issue is not revenue from corporation, issue is that government over spends, we should spend more time talking about fixing over spending of the government than worrying about the corporate side. >> you talk government spending we would be here another 3 hours, caroll. >> one thing i want to raise is, i hear all of time we were uncompetitive at 35%, how much of fortune 2000 companies pay 35 percent of their corporate tax. -- 17% rate. which would put us in middle of companies -- countries in the world. david: governor here is an idea, why don't you lower the official rate to 17%, get rid of all loopholes, if -- >> i'm are in that. david: how about that. >> i'm for that. david: okay. >> get rid of all loopholes.

>> corporation paying in 20s and 30s have you ireland down i think 12 or 13%, you must do something. >> average is 17%. >> that is -- but that is partly. >> we don't want to be average, we want to be best. david: that would be wonderful. let's not be o not be not obscut governor rendell is for getting rid of loopholes and bridg bride to 15%. >> we'll get more money. >> 80 thousand pages of code and regulations in taxes, you can hire the high price accountants to come in do what they do well, that how you get zero federal taxes. >> we have to move on, ipos are winning big today with

pinterest and voo and zoom soart expectations is it too late to get? that that is next.

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david: the unicorns are running,

two ipo debuts with success. pinterest up 28% on first day. zoom ended up 72%. in one day. what does this say about appetite for ipo market? >> well, risk appetite is high, fluff is high. some great news, i promise you in 10 year, biggest winners of next 10 years will come from some of these initial public offers with great growth rates, but right now 80% of this year's ipo slate to come still lose money, valuations a joke for some. i would be careful. which froth shows up, there will be big winners forward. >> i'm going to echo a little bit of gary's sentiment. we had a dearth of ipos for so long, and easy money, finding some place to get alpha there will be a huge demand.

i am a recovering investment banker this is the time of year that we would be out pitching every company that was even thinking about going public. saying, window is open, challenge of that is you will get a mixed bag, some that perform really well and some that are just tboaing t going t, you have to be careful as a retail investor, everyone is trying to get in now, they know that this party won't continue forever. >> also i think these two stocks today highlight fact that lyft offering, was a disaster, and reason partly was people got greedy, they kept raising price target. it got to point it was never going to be a success. i think now unwriters say -- under write are say we understand there enthusiasm and excitement. but let's price them so they will do well in after market, it does not help anyone to have it

collapse like lifor lyftdid. david: governor looking at this thinking about.com boom. >> i don't have a clue. >> let me pick up what liz said, i agree, you don't top have a ipo that collapses, but something like zo zoom video tht goes up that much that not a good outcome for investment bankers either. >> less money on the table. >> left a lot of money. >> have you a nice low double digit, high teens 20% pop but that company will look at those investment bankers, say you left a bunch of money on the table for us. >> as you know,. it is an art not a science pricing these. >> 100%. >> nowhere near 1999

at-this-point, not even in same planet. but certainly can head that way, just there is rule of thumb, when something opens up 72% there may be a risk in this, just to let you know, i'm not saying it will continue higher but weep ou keep your feet on te ground, i have seen many ipos open up 50% and go down 50%. >> gary, i think that difference is that zoom is a profit ibable company. >> pinterest does not make any money, we remember amazon did not make money for quite a few years, then it was one of most profit inible companies. >> governor? >> no, you -- you analysis, pinterest is better than zoom? >> pinterest is not making money, it is extraordinary. >> they priced correctly. david: sweat% i -- all right.

thank you. >> i think that -- >> go ahead. >> longer term zoom video is a better company than pinterest. but they are very highly priced. david: were you planning on shelling out nearly 2 grand for samsung new galaxy foldable phones? you might want to hold off, big malfunction tech that reviewers are warning about next. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth...

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fisher investments. clearly better money management. david: samsung's foldable $2,000 phone has a little problem. it breaks. that's according to a number of tech reviewers who were given free samples to test out this less than three years after the recalled and eventually discontinued galaxy note 7 and its exploding batteries remember that? so with a history like that, is it fair to say that the new fold able phones are dead on arrival what do you think? >> well i don't think they're dead on arrival because samsung is saying they will roll them out no matter what but i think this really points to the incredibly intense competition in the smartphone business right now, the sales were down last year, everybody is trying to come up with a technological reason why everyone has to buy a new phone, apple is obviously struggling with this and now samsung has taken this route. i think they're pushing product out in the market before it's ready but apparently they go

ahead. i think it's extremely risky. >> there are a couple of things that you should know. first of all you should never be the first person to buy new technology. there's always kinks, you never want to be the first one in there, but on the company side, it's also very risky to be the first person to market and the first company to market with the new technology because again, there are always kinks to iron out and you'd rather be the second ones to observe those issues and do something a little bit better so i think that the likelihood here is that samsung made a mistake by pushing this out in the market and apple potentially will come in, see all of this, and do something better. >> i think we have our next seinfeld episode called "folded" if you know what i mean. >> [laughter] david: go ahead governor. >> i have a phone that folds and it cost $140, right here. >> [laughter] >> and let me tell you, it never needed to be recharged.

i'm on this phone for four hour board calls and never once did it needed to be recharged during the day. a foldable phone that doesn't need to be recharged, $140. >> there's a lesson here. >> and the problem is everybody wants to watch everything in terms of entertainment now and news and everything else on their smartphone so that's why they have this big push to a big foldable screen. i mean, the thing does sound very intriguing. i think it's going to really please a lot of people if they can make it work because you still can put it in your pocket or your purse but if you want to watch a movie you can do that. david: it's due to come out in a couple of weeks this is a pretty big problem to solve in a couple of weeks. >> well like there's some developers that have been read the riot act and i'm sure they're 24/7 on a lot of red bull trying to fix it. david: by the way gary the governor was very honest about showing his cheap phone what about you, what do you use? >> i got the big guy. david: oh, okay.

>> if you want to laugh david, i have an iphone but i also still have a blackberry bold that's still alive and kicking and i love it. david: i think everybody has a little piece of the governor in them as far as those little phones are concerned thank you, gang that does it for bulls & bears we'll see you next time. liz: i'm elizabeth macdonald, the evening edit, it starts right now. we've got breaking news, president trump is in the era board air force one, on his way to florida as we speak. we could hear from the president this hour, as the fallout over the redacted mueller report and attorney general bill barr's press conference now at a fever pitch in washington let's get right to hillary vaughn on capitol hill with the latest. hillary? reporter: liz, well the arrival of the mueller report to capitol hill is closing a chapter for republicans but just turning a new page for some democrats who say the investigation c