earnings come out. earnings held up relatively well albeit not at growth rates we saw last year. we think as long as earnings hold up, stocks look very attractive at these levels. liz: eric marshall. thank you very much. dow can't make a go of it. we have green on the screen for s&p and nasdaq. ashley: potentially impacting gas prices. you may have to pay a lot more to travel as the trump administration takes aim at iranian oil. the dow ending down 46 points. been in the range pretty much. we were down 100 points as we opened the session. s&p 500, nasdaq both ending in the green though. something to cheer about. hello, everyone, i'm ashley webster in for connell mcshane. melissa: you're not connell mcshane. connell: no, i'm not. melissa: i'm melissa francis. this is "after the bell." we have more on big market movers. first, here is what is new at this hour. upping the pressure oner ran,

the trump administration escalating its campaign against tehran, announcing the u.s. will no longer grant wafers to any country that imports oil from iran of the latest from the white house. how it is impacting oil prices and ultimately what you pay at the pump. plus elizabeth holmes is set to appear in court this hour. you know this face on the screen. this is the disgraced theranos founder. she face as maximum of 20 years in prison for allegedly misleading patients and investor's about the company's blood testing technology. there's a huge documentary out right now. a lot of people watching, wondering what happened to her? today you will find out some of it. we'll bring you any breaking headlines as they happen. a massacre on one of the holiest days of the year. nearly 300 people killed, more than 500 injured on a bloody easter sunday in sri lanka. officials blaming the bombing on

islamic extremist group. they believe the attackers may have had outside help. what is next? ashley: we have fox business team coverage from washington to wall street for you. blake burman at the white house. susan li on the floor of the new york stock exchange, and phil flynn watching all of the action in oil from the cme but we begin with blake at the white house. blake. reporter: hi, there, ashley. i'm told president trump in concert with secretary of state mike pompeo was the ones to make the decision to not allow this waiver process go forward. that waiver meaning that countries can no longer in couple weeks time purchase oil from iran or else they will face sanctions because i'm told essentially the president was fed up with this whole waiver process. the secretary of state earlier today tried to contend, at least this is the administration's point that oil prices, the oil market will not spike up. >> well if both the kingdom of

saudi arabia and united arab emirates assured they will have appropriate supply for the markets and of course now the united states is a significant producer as well. i can confirm that each much those suppliers are working directly with iran's former customers to make the transition away from iranian crude less disruptive. reporter: the president's top economist is also down playing the link of possible prices an economy. >> we produced so much oil it is kind of for producers very good news when oil prices go up and for consumers of course it is not necessarily good news but balance is much more towards a net zero for oil prices than it used to be where it was clearly a negative for the economy. reporter: five countries currently use this waiver system. they are china, india, south korea, japan and turkey. that exemption though will end come may 2nd. i am told, ashley within the

administration two countries in particular they will keep an eye on, china, and india. ashley, melissa as well. melissa: blake, thank you. oil prices hitting a six-month high following this move. let's go to phil flynn. phil, do you think this is going to stay or is this one of those psychological one or two day flips. what is your opinion? >> my opinion it is going to stay. this is really a bullish situation right now. i'm not saying oil prices will to to $100 a barrel they will definitely not go back down to 50. what we're seeing here now the market was not convinced that the trump administration was going to make this move today. a lot of them thought they would extend these waivers. there is a little bit of a shock value in the market driving these prices a lot higher. now the other thing, the trump administration is really counting on saudi arabia and the united arab emirates to raise production to make up for the short fall. we don't know, they say they may

do it but they may waist and see how the sanctions actually play out. melissa: also some economic factors at play here too, right? you know the economy is looking stronger than we thought. there was that blip. now it is going. there are other support stories now, no? >> there really is. when you talk about oil demand it's a lot stronger than anybody had predicted back in december. everybody thought the global economy was going to go into recession. that hasn't happened. in fact gasoline demand in the united states is near record high. melissa: phil flynn, always so much. we appreciate it. connell: now this, herman cain withdrawing his consideration for the federal reserve board. let's get straight to susan li at the nyse for the details. susan? >> the one-time presidential candidate has withdrawn his name for one of two seats available on the federal reserve board. this after objections from the gop-led senate, in fact four

republican senators said they would not approve herman cain. this goes back to sexual harrassment allegations in the past and what people see partisan views not only on president trump but also on monetary policy. in a tweet president trump said my friend, herman cain, a truly wonderful man asked me not to nominate him for a seat on the federal reserve board. i will respect his wishes. herman is a great american who truly loves our country. this has no impact on the stock markets. in fact this week only been a focus on earnings. this will be busiest week when it comes to earnings. 155 companies out with results. $9 trillion in market cap. the focus will be on big technology. tomorrow we have twitter reporting. then on wednesday a big one with microsoft and facebook coming out with results. everyone is watching facebook. as everyone reported the stock is down 11%. user engagement, user growth will be important for the social media firms.

amazon will report pretty big results on thursday. that is something to watch. bark to you. connell: huge earnings week. susan li, thank you. melissa: shifting the narrative. tesla revealing details for the driverless robot taxi fleet as it works to refocus investors from recent challenges. fox business's robert gray is live in los angeles with the latest on this story. real split personality on this company, robert. reporter: hey, melissa. it is ongoing right now. so far elon musk and other executives taking the stage, taking investors and analysts on a ride into the future. they're trying to avoid potholes and speed bumps on the road right now. showing latest technology what they call the full self-driving computer and claim they the company invented the world's greatest chip for autonomous vehicles. and that cars rolling off assembly line are ready to take the step to full autonomous driving vehicles. they will have the full eight

sensors needed for autonomy in a quarter and they will -- melissa: we'll come back with you in a second. we have elizabeth holmes, right now, the founder of the now-defunct company theranos is arriving in federal court. she has been charged with fraud for allegedly misleading patients about the blood testing technology. she is subject after much-watched documentary, that the half the world is obsessed with the documentary. it is fantastic. this is the woman right here in the flesh as she enters the court for this hearing that could result in a trial start date. she is facing up to 20 years in prison a lot of people asking whatever happened? is she in jail now? what's going on? you see that all over the internet. this is what is happening on your screen. go ahead, ashley. ashley: i've seen the documentary on hbo twice. it was absolutely fascinating.

she was 19 years old when she began this company, convinced some people, maybe herself, this thing, using just a small drop of blood could conduct so many different types of testing, all continued in this small box that would be in a walgreens. the whole concept, everyone said wow, wouldn't that be great. turns out it never worked. melissa: in fact they are accused of falsifying results along the way. then there were some investors that put their money behind her and her dream. eventually the entire company crumbling. here she is as she heads into court. some people want to know exactly how this story is going to end. it was also an issue where you're dealing with people's lives. it is not just about the silicon valley startup where you're hopeful for the future this is about people and their health. we'll keep you updated on that as we get more developments. meantime do we have robert gray standing by where we so rudely

interrupted him. robert continue with our other futuristic story of the day with tesla. >> absolutely. the teslas rolling off the assembly line past few weeks, right now, musk is saying they're already ready to go with the hardware to go to full self-driving mode. they need up to date the software. we know that is possible. what we don't know exactly what he means. does he mean someone still needs to pay attention behind the wheel or can people pull out the newspaper and read it? that remains to be seen. the regulations in most places would not allow that. would you definitely need someone paying attention. speaking of numbers. there are concerns for waning demand for teslas, the other part of the story they're not focusing on too much in the investor meeting. also a individual yow! out of china video showing a model s exploding on its own in a parking garage. tesla is going to investigate this. china is obviously a very

important market for them. they're building a factory. there the other part a analyst downgrade. that hit the stock. ever core downgrading tesla to sell rating because of demand concerns and liquidity concerns. they are predicting a train wreck quarter after tesla reports the results after the bell. increasing odds, better than 50/50 that tesla will need to raise $3 billion in the future. they have 1 1/2 debt this year and five 1/2 billion over the next two years. melissa: thank you for that report. we'll bring in today's market panel, jason rotman, mitch row rochelle. thank you for joining us. jason, this is the theme in silicon valley the visionary entrepeneur selling the dream of the future, his vision, you have reality what is going on with the company today and can you keep the reality of what's

happening today going as you look down the road for the future? a lot of skeptics said what elon musk is trying to do with the batteries and the like may not ever be possible. you're watching today he is doing this thing, unveiling about the robot fleet of taxis. how do you reconcile all of that and decide on a value? >> yeah. well, you know, in on related note we saw the zoom ipo go through the roof because it is an actual profitable company, making money unlike pinterest and tesla and amazon in the early days. you say hold on amazon in the early days was kind of like tesla it was draining money and now it's amazon. i kind of believe tesla is much closer to amazon than elizabeth holmes failed company. i think tesla has a phenomenal product. there issues with demand i do see happening because the competition is only going to increase. i don't see tesla as a short

term buy but i see it as a long-term hold. melissa: hitch, your thoughts. >> clearly as a company they have shaken off a lot of pr in the past. but the bigger question is how big is the market for cars in general? we saw last month a pickup in sales. the market is shrinking just a bit. they're launching new products into somewhat already saturated market. what is the propensity of people around the world to buy new cars? connell: jason let's shift cars excuse the pun, according to "wall street journal" these ride-sharing companies going public could end up costing you and me and other customers more money. the theory being these companies will eventually have to make a profit and higher fares are inevitable. what do you say? >> that is where the free market, mr. or mrs. free market will enter the fray even more so and sort things out, him or herself. in other words, supply and

demand does dictate the reality of a business success and if uber or lyft believe they have to race prices just to stay in business we'll see how the customers respond to that maybe there will be increased competition or other services that customers will use. they will ride bikes. they will drive their own cars, take the train. maybe a 1, 2, 3% fare increase may be okay. above that you will demand shift. it is economics 101. connell: the market will always decide. jason, thanks for joining us. melissa: your retirement at risk without quick action from congress. americans will not receive full social security benefits. the new timeline when the program is expected to run out of money. we'll talk to dan henninger of "the wall street journal." that is coming up next. connell: yellow vest protesters clashing with police in the wake of the notre dame fire. what the demonstrations could

mean for the future of the country. melissa: setting the stage for 2020. elizabeth warren out with a new plan to eliminate student loan debt from tens of millions of americans. who is paying the bill then? our political panel is coming up. i have a feeling i know who is paying. ♪ brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ brighthouse financial. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax.

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ashley: uncertain future. the social security trust fund will be tapped out now they say by 2035, potentially leaving of course millions of americans without full benefits when they retire. but there is some good news apparently. not sure where but edward lawrence is live at the white house to tell us. edward? reporter: not a big document. there is some good news in here. as we get an extra year on the social security, 2035, 2034 what they had said last year. look at medicare first. the hospital insurance trust fund is actually going to run out of money in 2026. that is just seven years from right now. that is the fund that pays for hospital costs for people 65 years and older who made into medicare. expenditures exceeded incomes last year by $1.6 billion. it will continue to do so. supplementary medical insurance trust fund will not run out of money because after new law that says they can use general fund

money to fill the gaps for that one however it will cost taxpayers a little bit more as we keep going on part b. it is growing at 6.6% over the last five years. part d is growing at 6.3% over the past five years. that is compared with gdp growth of 4.1% for the same time period. members of this administration say now is the time to deal with this. >> our system creates perverse incentives to deliver more care as opposed to care that is focused on preventing disease and improving health outcomes. we need to change the trajectory of health care cost growth and make health care more affordable. not only to make care more accessible but to insure the solvency of medicare and medicaid. reporter: and the social security trust fund will run out of money, both of those funds, by 2035. if you break that down the

disability insurance fund will be funded through 2052. 20 years longer than last year. we have fewer disability applications and fewer disabled workers in the workforce. old age and survivors insurance will run out of money in 2034. the expected costs will increase beyond income in 2020. treasury secretary steve mnuchin released a statement about all of this. we will further bowlter the program finances which will benefit as a result of administration economic policies. this vote says in no uncertain terms the lawmakers need to deal with it now as we have options on the table available as opposed to it being an emergency. ashley: we've been saying that for a while. melissa: give me a break. dan heninger from the "wall street journal," also a fox news contributor. to see steve mnuchin talking about social security and trust

fund, this man lived in the real world dealing with actual balance sheet and calling bs on companies that they were out financing this, is someone who actually understands numbers and balance sheets, to have him, i can't imagine what do you think he is going through his head and lax at social security thing, say something like relatively neutral, like these guys have to deal with this or it will be a huge problem? i mean it is like, like crazy land. >> it may be but i think there is only one thing going through steve mnuchin's head which is that his boss, the boss, the president of the united states said doing anything about social security reform, medicare reform is off the table. this president is not into entitlement reform. he hasn't said too much more about it but he essentially is kick the can down the road. so we're going -- the challenge before us melissa, reform it, pay for it or get rid of it. there seems to be no political instinct to reform it.

we'll not get rid of it, that leaves pay for it. you know who is going to do that? melissa: me, you, everybody watching this. i hate that. i'm changing the subject. while you hear, speaker nancy pelosi is holding a conference call with democrats in just a few moments from now. i don't have the dial-in number, if you do, send it to me on twitter. i'm kidding. they will discuss the mueller report, possibility of bringing impeachment proceedings against the president. house judiciary committee chairman jerry nadler is there saying there is evidence of obstruction of justice. take a listen. >> mueller says is that although a thorough fbi investigation might very well show the evidence of obstruction of justice by the president we're not going to do that. barr first interpreted that or misrepresented that, to say they didn't find obstruction. there is plenty of evidence of obstruction. melissa: dan, what do you think about this? is this a smart road?

he said in essence there was room for impeachment. >> if there is room for impeachment i would say to chairman nadler, go for it, chairman. they're trying to have it both ways. they're talking there is evidence of impeachment but they can't quite pull the trigger and go forward with it because they're afraid some of their presidential candidates don't want to go there. if these house democrats believe this president should be unfit and their main charge against him is he is unfit to be president, then let's have it. bring it on. let's have an impeachment proceeding for next two years. otherwise drop it, get on with the rest of the people's business. melissa: what do you think is going on the conference call? >> i think they're trying to debate whether there is political up side pursuing impeachment at all. there is a lot of evidence out there even democrats want to move away from this issue because after the mueller report saying there was no evidence of collusion, you're sort of left with this secondary issue of impeachment for obstruction

which i don't think most americans really understand or care that deeply about. they have to somehow mollify the hard left in the party that is insistent on impeachment but they have to protect their presidential candidates at the same time. melissa: there are a lot who can't resist. >> they can't. melissa: dan, thank you. ashley: turmoil in sri lanka. new details on the deadly bombings that killed hundreds of people. what we're learning about the suspects potential motives. that is next. holding elizabeth holmes accountable. the ceo of theranos is appearing in federal court after being charged for massive fraud for allegedly misleading patients. we'll bring all the headlines when we come right back. ♪ drive safely.. . with drivewise. it lets you know when you go too fast...

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...about neulasta onpro. pay no more than $5 per dose with copay card. melissa: deadly attacks in sri lanka. we're learning new details on

the easter morning bombing in churches and luxury hotels that killed hundreds including four americans. fox news's benjamin hall is in london with details. reporter: police in sri lanka are still finding bombs today. the reminder of the sheer scale and preparation that went into attack. today there was another blast after police found three more bombs in a van near a shrine, tried unsuccessfully to diffuse it. a 6-foot pipe bomb was found at a airport and 87 detonators in a is bus station. we're learning identity of two of americans killed. one of them a fifth-grader from a school in d.c. the other, neat can kowalski, 40 years old arrived at his hotel, just hours before the bombing on a work trip. his brother saying on social media, we would like to share our grief over this tragic incident. the coordinated bombings ripped through packed churches and luxury hotels and killing

worshipers and tourists were carried out by seven suicide bombers by a domestic group named national throwheeth jama'ath. 24 are in custody. others blew themselves up as police rye arrived to arrest them. as the investigation wrapses up, sri lanka declared national emergency, enforcing nighttime curfews, cutting all-access to social media and declared tomorrow a day of mourning. officials in sri lanka admitted they received a tip i don't have 10 days before then that suicide attackers would follow through at churches and luxury hotels. appears they did not follow through with that. melissa: thank you, benjamin. ashley: michael after -- avenatti accused of stealing $6 million from the ex-girlfriend of the nba player hassan whiteside.

avenatti was to be paid one million dollars in legal fees, but took the extra cash for a private jet. hmmm. melissa: all right. demonstrations turning violent. the yellow vest protesters flooding the streets of paris angered over the pricey cost to rebuild notre dame. we'll have the fallout. ashley: the united states is ending iranian oil waivers. that what means for relation in the middle east. melissa: senator elizabeth warren founding no repayment of school debt. how will she pay for it? you guessed it. taxes on the wealthy. you wouldn't accept an incomplete job

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melissa: upping the pressure. the trump administration announcing it will no longer exempt countries from u.s. sanctions if they continue to purchase oil from iran. listen. >> goal remains simple, to debrief private the outlaw regime with funds it used to destablize the middle east for decades and incentivize iran to behave like a normal country. today i announce we will no longer be granting any exemptions. melissa: we have jeff smith from the heritage foundation. what do you think of this move? >> i think it is consistent with the administration's intent to really squeeze iran. they have taken several measures over the past year to do that including targeting the irgc as

an international terrorist organization. they have been ratcheting up the oil sanctions. to their credit they have been working. they deprived iran of 10 billion in oil revenue since last may. i do have reservations about how this decision was made and sort of blanket policy not granting exemptions at all. melissa: why? who do you think deserves exemptions? >> i may be biased but this is my part of the world, when you ask anyone in washington, d.c., india is one of our most promising strategic partnerships and specific to our indo-strategy. the administration stated that on many occasions. it presents unfortunate optics an timing hitting india with sanctions while it is in the middle of democratic elections. in fact the biggest democratic exercise in human history, 900 million people going to the polls. melissa: yeah.

>> prime minister modi -- melissa: let me turn that back on you, say, if india is one of our biggest allies it, makes sense they would be the ones to cooperate us in our pursuit and isn't it possible for us to, rather than giving them sort of a waiver to continue to do business with iran, we're the number one producer of oil in the world. i know oil is fungible but isn't there a way for to us either provide oil to them through some other venue in order to get them to comply with this or to make it easier for them to comply? >> well, i think that's fair. in fact u.s. exports of oil to india have been growing significantly and are likely to grow in the future. and india, for its part has been reducing oil imports from iran. they made up 14% of indian oil imports last year. now they make up 5%. what i would have liked to have seen a little more flexibility how we apply these waivers. maybe a recognition that our partners sometimes deserve different treatment from china.

and maybe another six months to continue, maybe lower that cap, on oil imports but give them a little more time to get through their election and get our bilateral relationship back on course. melissa: doesn't it seem though, if you have to, that you would have to stand tough if you really mean nobody can buy oil from iran, you can't give anyone a waiver? you can maybe change the way you treat them, find another way to help them out at we discuss. what about the idea, there is also china and turkey. these are countries that aren't really our allies in our battles with iran here. china, do you think this begins to figure into all the other things we're negotiating with them right now including north korea? >> it certainly could. you know the chinese are not happy about these sanctions. we've been kind of vague how they will be applied and to what companies under what conditions. but there is a real risk that these sanctions could bite chinese companies. i think in part the chinese have a great interest in seeing some kind of a trade package gets

done. so i don't know how much leverage this is going to buy them in these negotiations. they may in fact have more interest in getting a package done than we do. but do they play hardball with north korea a little bit more? are they a little more unhelpful on other parts of the iran strategy or pakistan strategy? that is certainly a possibility. melissa: or we have to show them we have an enemy we'll be tough against them, you better stay on our side. that could be the message. jeff smith, thank you. ashley: canceling student debt, how about that? 2020 white house hopeful elizabeth warren rolling out higher education plan, eliminating $50,000 of debt for every 100,000 dollars of income. we have brad blakeman and blue dog coalition dem strattic strategist kristen hawn. thanks for joining us, brad, the

question comes back, who will pay for it? guess what, the wealthy with another tax. i looked at elizabeth warren's plan, child care plan, housing plan, parts of down payment for the green new deal, all of this trillions of dollars on the back of the wealthy. your comments. >> there are not not enough wealthy to pay for all the free stuff democrats are promising this is akin to buying votes. akin to making america dependent on government. when you contracted with student debt you got benefit of your bargain. you got an education. give you the ability to make money pay it back. i got a mortgage on my house. why don't you give that to me? no end to what democrats will do, pandering to make people dependent but also to purchase their vote. ashley: right. >> this stinks. nobody should be for this. this is contracted debt. people went in with wide eyes. they got benefit for it. what insolvency looming on

benefits who paid into but yet to receive like medicare and social security? that is what we should be fighting for. ashley: let me bring in kristin. critics of this proposal from elizabeth warren say look, your vision will cost so much that forget just taxing the wealthy, taxes are going up for all americans and really hit the middle class? >> yeah. i probably agree that there aren't enough wealthy people to pay for all these things that she seems to want, however, you have to look at the goals of what she is trying to accomplish here. to say that student loan debt is a burden on, on thousands and thousands of americans across this country and there is something i think that the federal government can do. i'm not saying that her way is the right way of going about it but it is not necessarily just buying votes. talking about the things that are burden on american people and they want their elected officials, want their candidates for press den sieve the united states of america to be talking about things that are difficult for them.

ashley: right. >> student loan debt and also cost of four-year college you know, is getting higher and higher. it is barrier to entry for a number of americans that is something else she is trying to address. ashley: right. >> and that members of congress should also be looking at. ashley: you mentioned candidates, kristin. the more the merrier or is it? massachusetts three-term congressman, iraq war veteran seth moulton joining crowded i mean crowded, packed field for the 2020 race. let me follow up with you, kristin. not much known about the man. his credentials are impressive. harvard graduate, four tour of duty in iraq. is this somebody -- >> having worked in the house i do know a lot of about congressman moulton. he is incredibly impressive. he is an iraq war veteran. he is not afraid to take on the president or members of his own party. if you remember he has taken on

speaker pelosi a number of different times. ashley: right. >> so i think you know, we'll have a robust debate amongst these candidates. i appreciate his viewpoints. at this point i think it's i think more the merrier. ashley: brad, you know mr. moulton says he represents a new generation of democrats. let's talk about the old generation, no diss intended but joe biden and bernie sanders. who amongst all of this crowd do you think donald trump would like to go up against or does it matter? >> i don't think it matters but the most dangerous is biden. the problem is, biden left his party a long time ago. he doesn't recognize the party of today. the democrat, democrat party is in chaos. i remember not a long-time ago if you called a democrat a socialist you were defaming them. now they get angry if you don't call them that. joe biden will have to move to so far left. you have to be elected by the party before elected by the people. i don't think any of them are

electable but selectal. ashley: if joe biden comes in it will be 20 i think i'm losing out. thank you. melissa: disney heiress abigail disney critsided bog iger that his salary is four times the company. i like bob iger by any measure a pay ratio over a thousand, she has no formal connection with the company eastern she is a shareholder. ashley: and her name is disney. a botched early release. samsung delaying the rollout off the galaxy fold after the 2,000 smartphone broke for the reviewers. not good. we'll have the latest details on the fallout. today, president trump and first lady taking part in the annual white house easter festivities. even the president blowing the whistle to kick off the whole event. this is the third time by the

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ashley: breaking news. moderate earthquake hitting mexico city, causing tall buildings to sway, causing some office workers to evacuate. there is no immediate word of

any damage or injuries yet. we'll continue to monitor this story for you and bring you any developments. melissa: tactical difficulties. samsung postponing the release of its new 2,000-dollar smartphone, the galaxy fold, after several reviewers reported that the phone broke after just two days of use. fox business's kristina partsinevelos is in the newsroom with the latest. what a disaster, kristine. reporter: now the company has to fold its release plans, right? samsung announced it is no longer releasing or delaying the release of its galaxy fold in shanghai as well as hong kong. the latest news it is delaying the release of the phone in the united states. originally was going to launch on friday. that is not going to happen anymore. i reached out to the company three times to get an official date. they directed me to a blog post on their website that reads to fully evaluate feedback and run further internal tests we decided to delay the release of the galaxy fold.

we plan to announce the release date in the coming weeks. this phone is a little less than $2,000. it was sent to several journalists and tech experts to review the product. they complained that the screen, people were peeling off the protective layer that wasn't supposed to be peeled off. there were hinges proyoupruding out. there was blinking on the side of the screen. there are several malfunctions and samsung is working on it especially bad news if journalists can't figure it out. the whole smartphone slowdown is occurring. there are several trends. you have replacement cycle. people holding on to the phones a little longer. drop in smartphone shipments was down 5%. people are up set with the high prices of smartphones. so we know the samsung fold, the galaxy fold, may be the future but clearly there are some bumps before that ever unveils. so we'll be waiting next few weeks. who knows, if they can get out

those kinks. melissa: interesting, kristina. thank you. we'll see you at the top of the hour for "bulls & bears." wouldn't miss it. ashley: very good. now this story. melissa: off the subject. ashley: steady on. france unrest. yellow vest protesters filling the streets as paris demonstrations turn violent. melissa's falling off her seat. melissa: shocked. ashley: fallout in the wake of the notre dame blaze. we'll have this story next. ♪ ♪

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country, you know, the country of france and around the world really quite taken by what happened to notre dame and those -- the donations have been pouring in, and yet here we have the protesters. is there going to be a backlash against the yellow jacket protesters when they come up with rhetoric like that? >> it's hard to figure out these yellow vest protesters. it started out as something i liked. it was a protest against rising fuel taxes that president macron was trying to impose upon the french people. but now they've sort of become almost a class warfare oriented group, sort of the opposite of the tea party in the united states and they are complaining that private people are making private donations to rebuild a french national symbol. why would anybody complain about that? they should be protesting the french government's suffocating tax burden and onerous welfare state. >> right. the message is why should the money go to the cathedral it should be coming to us. i don't think that resonates very well.

but what about president macron, he's been trying to answer their complaints. he did not raise the fuel tax, which started this whole thing. but is he dithering a little bit? what is his next course of action? >> macron i think has actually tried to move the french government policy in the correct direction, a little bit more liberalization. now, it's such small steps he's taking when the problems are so big that i can understand why the french people are frustrated, and again, he did do something wrong to get the whole yellow vest protest started, but then his response, okay, we're postponing a tax increase. what about policies to actually get the french economy going so that these lower middle income voters who are very frustrated have good private sector job opportunities? that's where france is in trouble. >> but does he have to get tough at some point? 23 straight saturdays, it's ruining the center of paris. it is going to very much hurt tourism as we head towards the summer.

at some point does he have to really clamp down, arrest a lot of people and prevent them from getting into the center of paris? >> well, first of all, i'm tempted to make a joke, 23 straight weeks? that's high levels of productivity for france. [laughter] >> but on a serious note, yes, if you're going to wind up hurting one of your biggest money makers as a country, the tourist industry, obviously something has to be done. but there's a momentum that's been built up around these protests, and if he tries to crack down, you might wind up getting an even worse reaction which is why he has to fix the bad policy and he's doing too little too slowly. >> yeah, things changing week after week. thank you very much, dan, for joining us. appreciate it. >> thank you. >> we want to let people know we were talking about that conference call with the democrats earlier. they were going to get together and talk about does it make sense for us to go for impeachment at this point based on what we've seen so far in the mueller report or is that political suicide, what do our

voters want us to do? that call has begun. >> i think they want to do it regardless, i get that sense. >> it seems like it but there are some who realize maybe it's not. bulls & bears starts right now. >> i have called to initiate impeachment proceedings, initiate conversations on impeachment right now? >> i'm running for president. i don't think we should defeat donald trump through impeachment. david: well, it is the big issue now driving a big wedge through the democrat party, whether or not to push for the impeachment of president trump in the aftermath of the mueller report. speaker pelosi trying to unite her divided party, holding a conference call beginning any moment now with house democrats scattered all over the country in their home districts for vacation. hi everybody this is bulls &