posture. liz: rotate in may is what peter kenny, our good friend of the broadcast has to say. [closing bell rings] liz: good to see you. i will say the s&p right now is at an all-time record. here come the apple numbers. that will do it for the "claman countdown." connell: if it's a strong report from apple it could push the company back above one trillion dollars in market cap again. so we're watching for it this hour with stocks mixed at the close. s&p fighting for that record liz was talking about. last trading day of the month. major averages dragged down by alphabet, google parent after disappointing earnings we talked about yesterday, fueled economic growth concerns. now we're waiting for apple. this is a huge report, can really shake things up in the market, impact your wallet for tomorrow. as it stands the dow settling 32 points higher.

melissa: we'll take it. connell: i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." any gain from the s&p would be market third straight record close. looks like we're getting that barely. the fourth record close for 2019. nasdaq ending in the red, ending three day losing streak. with the nasdaq up almost 5% this month. more on big market movers. here is what is new at this hour. military uprising underway in venezuela. opposition leader juan guaido taking to the streets with supporters as the american embassy is warning u.s. citizens in the country to take shelter. the breaking details on a very fluid and turbulent situation. lots of violence there today. plus happening now at the white house, president trump congratulationsing this year's nascar champion on the south lawn following a face-to-face

meeting with nancy pelosi and chuck schumer and other top democrats. we're monitoring this event. we'll bring you any headlines from the president. moments from now we'll speak to one of the senators who was in the room with president trump, nancy pelosi and chuck schumer earlier today. the hidden threat in your faucets. this is a crazy story. how tapwater could increase the risk of cancer now. connell: whoa. fox business team coverage of our top story with blake burman at the white house. gerri willis on the floor of the new york stock exchange. to gerri in just a moment. with blake, much of the focus on venezuela we start with you. reporter: connell, we were told president trump was first made aware out of fast moving developments out of venezuela. 6:00 in the morning, national security advisor john bolton says the president has been following this on a minute-by-minute basis. the u.s. government continues to stand behind the opposition leader juan guaido who says operation libertad is in its

final phase. the u.s. government warns nicolas maduro not to take action against the venezuelan people. >> all options remain on the table. i simply will not be more specific. recall right at the beginning three months ago we said it would be a big mistake for maduro and those supporting him to use force against innocent civilians. we felt strongly about it then. we feel that way now. reporter: bolton says what is going on now is not a coup. that is clearly a term from which the administration is trying to steer coup. >> importantly we do not consider it a coup because we recognize guaido as the legitimate leader of the country and we are watching it along with everybody else. the only message i think we're trying to get out there we want to make sure the russians and cubans know they're not supposed to get involved and we do, have said a bunch of times all options are on the table. reporter: president trump weighing in with this brief

tweet, writing quote, i'm watching the situation of venezuela closely. the united states stance with the people of venezuela and their freedom. back to you, connell. connell: we have the heritage foundation foreign policy senior fellow. good to see you again, mike. what stands out to you watching the fluid situation blake described in the streets of caracas today? >> connell, thanks for having me on. the fact that many officers have moved to juan guaido, let's not forget the legitimate leader of venezuela about an hour ago, police in caracas sided with the venezuela people, started opening fire on the group of paramilitaries that have sided with the dictator maduro. so that is a, gives you a sign that police and members of the military are beginning to side with the constitutional

government. and the legitimate government of, sorry, of juan guaido against maduro. let's not forget maduro is kept in power by cuba, russia and china. connell: john bolton talked at length about that today. he also talked about some officials within venezuela who promised to do more not doing enough. asking them to step up. will we see that, do you think? or maybe we are already, i don't know? >> well i think the next few hours are critical obviously. the colectivos the paramilitary groups are trying to massacre people. we've seen armored cars running over peaceful demonstrators. this did not even happen, remember the scene at tianamen, the guy tried to avoid tank man. nobody really should be ambivalent what is taking place in caracas today.

connell: that video what many of us have seen, and others we have seen, prompted john bolton and others what would it take for the u.s. to intervene in terms of military action? he talked, used the phrase over and over again all options are on the table. where do you think we are with regards to u.s. involvement militarily? >> i don't think the president wants to get involved here. i think this is a matter for the venezuela people. if anything for venezuela's neighbors to reckon with the situation. the venezuelaian people are being very courageous. they're taking to the streets, siding with the constitutional government. our analyst david shedd that juan guaido had to act the way he did, he discovered he was going to be arrested by the maduro henchmen. so they have left him no option. they have left the venezuelaian people no option. what about the personal safety

of guaido? >> i think that is a red line for the u.s. government. i think president trump is very reticent to act militarily overseas or do anything of that sort but made it very clear to maduro if they touch president juan guaido, the legitimate leader of venezuela, that might be a red line. they haven't used that term but they have said that they will be consequences. connell: final point, mike, before we let you go, your sense of how close we are to kind of the end here? >> today is obviously very critical. we have seen demonstrations since january when guaido assumed power according to article 51 of the constitution but today really is a day, this doesn't mean that if somebody doesn't happen today it is over for juan guaido. it does not mean that, because obviously nobody supports maduro

overseas, except for moscow, havana and beijing. all the democracies are on the side of guaido. the officers really have to now side with guaido. connell: more to come as we get it from venezuela. that is mike gonzalez of heritage. melissa: it is official. third trait record close for the s&p 500. google taking a hit. alphabet closing down 7.5%, the worst day since 2012. let's go to gerri willis on the floor of the new york stock exchange. that is a big drag there, gerri. >> that's a big drag on both s&p and nasdaq. we're talking about ad revenue, grew by google by 15% that wasn't enough. rival facebook posted a 26% jump in ad sales. this is the worst day for google since 2012 as you say. the company lost 70 billion in market cap today alone. talk a minute about microsoft. they closed at the trillion

dollar market cap today. so big news for microsoft. they had a very positive earnings report last week. but all eyes, all eyes on apple. we should get a report shortly here. second quarter estimates, $2.36 a share. that interestingly would be down 13.5% year-over-year. revenue looks 37 billion, down 6%. the stock is down today as you can see from the chart. investors are looking for rebranded revenue from the iphone especially out of china. the company has been all about iphones for so long but now what they want to talk about is services. so i'm sure we'll hear some of that in conference calls tonight. investors are looking for guidance for a current third quarter as well. so apple ahead of the report, big number to watch, $2.36 a share in eps. back to you. melissa: gerri, thank you. connell: all right. kind of lowered the bar expectationwise for apple. we'll see if they jump over it.

following a lawsuit against two major banks. president trump attempting to prevent democrats from looking into his finances. we have judge andrew napolitano coming in with his take on that later this hour. melissa: the avengers bringing in tons of cash for disney. bernie sanders is offering a suggestion what to do with all that money. we're breaking it down with james freeman from "the wall street journal." connell: president trump sitting down with democratic senators earlier in the day with members of congress. did they strike a deal on infrastructure? we'll talk to one of the senators in the room, tom carper, coming up next. ♪

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melissa: spending nice time together. president trump sitting down with nancy pelosi and chuck schumer amazingly finding some common ground. >> we did come to one agreement that the agreements would be big and bold. our distinguished leader from the senate will announce how big and how bold. >> we agreed on a number, which was very, very good, $2 trillion for infrastructure. originally we started a little lower. even the president was eager to push it up to $2 trillion.

melissa: joining us on the phone democratic senator tom carper attended today's meeting. was it as congenial on inside when the folks came out and talked to the cameras? >> there was good spirit in the room. folks there were more interested in finding common ground, focus on our differences. there is recognition that the need is great. the interest was in the forming a package that includes not just roads, highways, bridges, all that is important but include transit an water projects, clean water, wastewater, water projects involving harbors and deployment of broadband just in rural parts of country where, folks not in inner cities don't have access. there is fair amount of common ground. the question is how to pay for that. melissa: i think it is, senator. that is what is disheartening to american people, everyone played together and came nice, but it was around spending a whole lot

of money and how do you pay for that? is there a way to cut spending elsewhere? >> what the president initially said, in fact we said, mr. president, he actually suggested $2 trillion which is more than most of us were thinking. and one of the questions that was asked of him, mr. president, how would you suggest we pay for $2 trillion worth of spending? and he was not anxious to be out there saying well this is what i think, without asking what do you think. melissa: so what do you think? >> what do we -- pretty much on the record, i won't get that into very much. i am one of those people, former state treasurer, former governor. i am one who believes things worth having are things worth paying for. that includes infrastructure but i think -- melissa: are you on the record saying you want to roll back the tax cut? >> no. i'm on the record in many, many places talking about how to pay for infrastructure but let me say -- melissa: what is that, can you refresh our audience's memory?

>> saying positive thing that came out of today's conversation. i suggested to the president, mr. president, when i was governor of delaware we needed to make infrastructure investments. i basically said this vision, my vision, how i think we ought to pay for it. what do you think? the idea president came back initially, how would you pay for this? without saying this is what i would like to do. melissa: did you guys have ideas? what did you put out there? >> we have plenty of ideas. melissa: like what? give me an example of one. >> i will not go through the whole shopping list right now. melissa: just one. >> plenty of time to talk about that. but i think the important thing -- >> don't want to give me one? >> basically i am president. i have responsibility to lead. i will make some suggestions. if he does that we as democrats and republicans -- melissa: did anyone mention the border wall at all while you were in there? >> that did not come up? melissa: did the investigation come up? >> no. investigation did not come up. >> that's good. >> what did come up though was

the idea of secure borders. former chairman of homeland security committee, i believe in that a big way. while secure borders, strong borders is important, i believe going after root causes, why are all these people are honduras, el salvador, guatemala trying to get into our country, people going back into mexico, the reason why they have hope in mexico and economic opportunity. they don't have those in those latin american companies. melissa: tom carper, senate environment environmental committee. won't talk about how to pay for it. connell: well i guess so. mark zuckerberg took the page today at facebook's developer conference. he said the future is private. that was the headline, the future is private. after numerous data mishaps, can he actually make that happen? then there is this? the "jeopardy" champion everybody is talking about, james holzhauer putting money in the bank for himself and the network. melissa: of course. connell: we'll talk about how

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connell: marking his 18th victory by just $18. reining "jeopardy" champ james holzhauer barely survived a challenge to the historic winning streak. 34-year-old sports gambler left last week's quiz show as winner. he adds another 54,000 to his growing jackpot. it is $1.3 million. a little more than that actually. holzhauer breaking more than just jeopardy record, breaking "judge judy"'s 40 week winning streak when it comes to ratings. tonight is "jeopardy" game number 19. melissa: we're minutes away from apple earnings. mark zuckerberg continuing his apology tour amid widespread criticism of facebook's privacy policy. fox business's robert gray in

san jose, california with the latest on this one. robert? reporter: like your own private personal facebook that is what mark zuckerberg touted today in some. changes. he didn't waste anytime discussing the company's looming concern. talked about redesigned facebook website and app rolling out. listen to what he said about the privacy issues. >> i know that we don't exactly have the strongest reputation on privacy right now to put it lightly. but i'm committed to doing this well and to starting a new chapter for our products. reporter: this new chapter again talking about a different kind of engagement for facebook users on the site. talking about their privacy focus vision. users moving towards more personal private experiences and groups with encryption of texts and posts. messages that disappear a la snapchat.

the ability to communicate across facebook, instagram, whatsapp, facebook properties. more security data storage. long on ideas, shorter on details about implementing them. as far as the redesign of the site and mobile app you will notice it right away. the blue facebook logo will not be there. we have apple earnings, guys. i will send it back to you. melissa: robert, thank you. connell: apple is certainly on deck here. the tech giant set to release the quarterly numbers if history is any guide any minute now. we'll have them as soon as they come up as the company works up to focus on its revenue from its services business. will it be enough to woo investors? the breaking numbers soon as they hit. melissa: possible health crisis in california that could be linked to the state's tapwater? what you need to know about this water, coming up. some things are out of

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it is higher functioning and more affordable phone. in general the smart phone market has really flattened out. they're not alone in this. we're seeing this from samsung. the entire industry is struggling because the phones are similar and more powerful and -- melissa: i have to stop you. we have the numbers. susan li in the newsroom. susan: numbers for second fiscal quarter for apple. looks like a beat on the top line, $2.46. calls were for $2.36 per share. that is higher than estimated. revenue coming in $58 billion. analysts looking for a number of 57.37 billion. as for guidance, strong quarter hear as well. they're forecasting 52 1/2 to 54 1/2 billion dollars, much higher than revenue estimates for the next three months ahead, the one we're currently in which analysts penciled in for 51 billion. i just got off the call with the

cfo of apple. he is pointing to a very strong month in march. that was the best month for them in the start to the year and that will carry forward he says to the next quarter, the one we're currently in through to june. now the big mover, big news is capital returns. we were expecting this. this is typically what apple does during the april announcement. they are still looking to get to net cash neutral. reducing $113 billion in cash still at the end of march on their balance sheet. they have now announced an increase of dividend of 5%. that is the 7th increase in dividend in less than seven years. that is big. they're buying back more stock as well. they're looking to buy back $75 billion. you can expect that will move the stock as you see we're up some 5.25 in after-hours. of the other things that i wanted to ask about was i unit sales. it was slightly less when it comes to iphone sales than expected for the quarter.

the cfo says yes it is about china. iphone revenue declined about 17% but he said look, conditions are improving in china. he said march was the best three months. they are expected to improve continuously through 2019. in 2019 has been better than the last three months in 2018. they said this is because of the trade-in program. there was a lot of criticism maybe the iphone was not rightly priced for developing market like china. they said that they have made some price adjustments when it comes to the local currency versus the u.s. dollar. one more important point i want to point out as well the qualcomm deal. they settled that billion dollar global battle with qualcomm. they continue to use the 5g chips in the phones in the future. the guidance much stronger than expected fully accounts for that settlement. guys? melissa: susan li, great stuff. stick around. connell: lance and scott back with us for instant reaction to these numbers. the stock by the way for those

looking at round numbers and big headlines around $212 a share in the after-market. if it goes up another nickel, it goes up to $212.07 it would be a trillion dollar market cap, just so you know. scott, it was revenue guidance well above we were looking for in this current quarter. what do you think from what susan said from apple? >> we're happy so far with these numbers. the interesting takeaway for us, iphone disappointed. lance pointed that out earlier. we know that the iphone is going to disappoint. that is yesterday's news same with the ipad and so forth. without hearing more about numbers just yet, services revenue probably beat expectations, starting to kick up. you're talking about apple music. we had the announcement at the big event a month ago with apple tv plus. that is really the future of this company, guys, the streaming, services things they do now. it is not just a hardware company anymore. that is -- connell: made a good call,

scott. services revenue 11 1/2 billion dollars. the expectation was 11.38. that is right. lance, that as scott says, the transition to services, if you judge it based on that metric in the most recent quarter, going a little better than people thought. what is your outlook for that move, from apple? >> well i think it is really smart. you have to differentiate yourself when all of your phones look like slabs, look like all the other phones. that is what apple has been doing. they recognize that services was an important business for them a while ago and have really capitalized on that. this year we'll see explosion of services. tv plus and more coming. melissa: susan, you have some other news for us, yes? susan: picking up on the services discussion, the lewk cast, cfo point the out in our conversation they say services is now 20% of the their revenue. that is pretty close to their targets. they want to get to $50 billion

or so. services as you mentioned in the quarter beating in terms of sales and revenue. wearables is another huge spot and bright spot for apple as well. they're looking for 50% increase in sales in the quarter this is apple watch, beats and pause and the like. wearable revenue, less than four years it is now the size of a fortune 200 company also ipads, tablets not being in vogue anymore. not the case. they saw the beth best growth 2018 in six years with the independent pad pro. there is more to go for apple than just the iphone. melissa: what about the wearable increase. it is up 50%. you look at the base it is coming off of, do you feel like that is turning into a substantial business and has

growth? >> absolutely. it has been a really important area for them. obviously they put a lot of time and investment, apple watch. they keep coming out with new ones. we're up to the series four. as i mentioned on the show it is airpods. airpods is an incredible growth engine for them. in the city, sleeps like 50% of the population has them. melissa: yeah. >> what did they do? came out with more expensive package with the wireless chargeable case and phone and airpods in there which is 199, instead of 159. oh, we have a sales engine behind this. let's increase the price with a little more functionality. we'll see even more of them. melissa: plus people lose them. it is like a perfect -- >> i never lost mine. >> melissa, admittedly i lost three pairs. to lance's point. of course i would, connell. you probably stole them from me. i keep going back for more, melissa. like lance said.

they upgraded functionality of ear pods. therefore consumers keep going back. i tell you interesting thing about the streaming. i saw report recently about spotify. there is a street fight with apple about paid subscribers to music. that is key battleground going forward, how apple continues to improve the apple experience to improve the competition with likes of spotify. connell: we're glossing over but susan -- susan: i asked about the trade war. connell: go ahead. susan: 20% of their sales from china. they expect things to get better. they expect a resolution between the u.s. and china very soon. that is pretty optimistic from one of arguably most successful u.s. companies in china. connell: mick mulvaney said one way or another next couple weeks or he gets the feeling. we have glossed over the iphone story today. scott brought it up earlier. something in the stock. lance, what about the challenge of, that is the business, still the largest business that they have, the fact that they did miss expectation there is on the

revenue side. you know, we don't up grade our iphones. we've had the story on over and over again as he did. >> i did. connell: you just did. at end of the year, like a four year recycle period. that is the same with our computers. are they up to that challenge, apple? i know all the other things are going well. that is what the focus will be tonight. >> that is the big question. services is growing incredibly fast. some accessories are growing fast. margins are not as good. they're selling at a lower price. airpods cost $159. connell: right. >> iphone starts at $769. there is a big difference. apple still sells millions of units although we're not going to get the unum bernie more. the overall sales number indicates here that one selling fewer of them, and two, selling them at the lower margin. no matter what the challenge will be to build up the other businesses. i just went to an event a month ago that was all about services,

not about hardware. so that is apple steering the ship in that direction right now. melissa: scott, speaking of that specifically, when you look at apple tv plus, the way to stay in the game is to spend a lot of money and obviously apple has deep pockets on that front but you have jeff bezos is out there who is willing to spend a fortune on content in order to have original content. netflix is spending a ton of money. apple wants to get into that. they're bidding up the prices for all the different television products. we all have to become executive producers and creators to sweep in the cash. what do you say with the horse race because it is expensive? >> i would throw in google with some of the gaming. that is another thing apple talked about, some of the arcade that they're doing. you're light right, that really begs the question with streaming and everything. five behemoths are fighting for that streaming dollar where does that dollar get spent? it does come down to content.

we'll see how the smoke clears the next three to six to nine months but my guess is too, a lot of consumers have faith and trust in apple. to me i'm not saying they have the lead her per se. they don't have anything out completely just yet, with respect to the name, they have the trust and ecosystem, that could be a differentiator. connell: quick word on the stock, you own it, about 209 now. what is the outlook for the stock? >> 225, 230 in the next six months because i think you will start to see, we saw recently price upgrades from major brokerage houses leading into the number. i think that's validated. upside of 15%. connell: susan? susan: speaking to luca he said all-time record first three months. they saw double-digit growth pretty much across the board. apple music, apple tv, pay and

the like. asking about cash return to shareholders, if the first three months of this year they returned about $27 billion. is that pretty much the timeline we're on for rest of this year? they say it is unknown at this point. they took advantage of the fact they saw timely entry point to buy more stock. that is why they did it in the first three months of this year. but they will continue to look at better entry points to return cash to shareholders. melissa: lance, you're talking, when you listen to that, talking about the same product groups as apple pay, amazon pay. whether the streaming services trying to capture all of the business in one bundle, you're just very comfortability in one ecosystem versus other. if all devices are apple. you spend so much time on amazon, buying some products, who do you think wins that race? you know, is there room for both of these guys? >> i think there is room still for both of them.

i think apple harmed itself a little bit by not bundling more things, by not creating some icloud prime sort of service. we'll pay for all of these different things, and -- melissa: it is annoying. >> how much elasticity consumers have. i think it is annoying. say one thing about the streaming thing. streaming wars feel like the smartphone wars five years ago. there is so much opportunity. everyone is getting into it. people have insatiable desire to watch new content. netflix is way ahead but they have not won the war. they're all in it. melissa: great point. >> it is more exciting time in some ways that than smartphones. melissa: definitely. connell: it is interesting if you look numbers big picturewise, susan maybe you can confirm this for us, everything is better than expected. i know the bar is lowered, we were down year-over-year. melissa: they sandbag. connell: right, with the exception of the iphone

revenue -- susan: which was -- connell: that was only thing came up short of expectations anything, ipads or macs? susan: no. everything is firing on all cylinders. connell: versus expectations. susan: most revenue coming from china. 60% of their revenue continues to be outside of the u.s. they paid effective tax rate, i asked about this, 16 1/2%. what is aggregate around the world. what did you say in the u.s.? corporate tax rate is 21%. i will take that. corporate sales coming outside of the u.s. iphone in terms of contribution to revenue is falling at this point. we're still looking over 60%. connell: they bring up a larger point about china. the news this week has been kind of mixed i think fair to say whether or not the trade deal will get done, there are threats to walk away. apple gets 1/5 of revenue from china.

they have to get things figured out there. the slow down in the economy is hurting them. your outlook vis-a-vis china, apple in china? given what you have heard today, what do you think? >> yeah. i think something does get done, connell. i'll be honest with you. as things go on into the future you feel like the deal gets watered down. seems get further away. take a step towards the middle. get away again. that still needs to be worked out. susan mentioned there is hope from apple's side this gets done sooner. one interesting thing i haven't heard yet, currency impact. you mentioned all overseas revenue apple gets. we saw it from the google call, currency impact. there doesn't seem to be one here what we're seeing from the apple numbers. melissa: susan you mentioned something about that. susan: i did. basically about china and how they were writing the offer price of the iphone in developing markets and marriage

marriage -- emerging market four figures for some of a phone is out of reach for a lot of populations. they have basically changed the pricing model in china to account for the stronger u.s. dollar which every corporation, every company tried to do for the last six months given the strength in the u.s. currency. what is working with them in china is this trade-in program as well. in emerging market as he mentioned they tend to go in for cheaper phones. if you trade in the new phones to get a discount on new iphones, that is helping sales as well. >> susan also, let me ask you, you're on the phone talking to the cfo. what was the temperature like? were you getting a sense you were sold, this was great quarter? what was your impression of the overall conversation? what did they want to you walk away with? susan: the numbers tell it all. we had embargoed copy. needless to say very impressive, beat on all metrics.

melissa: except for iphone sales. susan: except for iphone sales. we pretty much went through the numbers. i asked for streaming which they will update us later on this year. melissa: susan, thank you. thanks to everyone. we will continue to monitor apple after-hours. good stuff. connell: good stuff indeed. the stock up 5%. medicare for all, all for medicare for all? 2020 democrats are lining up the once fringe idea as a house bill gets its first hearing today. hillary vaughn on that story joins us from capitol hill. hillary? reporter: both economists agreed that medicare for all program would cost trillions of dollars, and taxpayers would be ones taking up the tab but increasing taxes might not be enough to cover the cost for medicare for all? >> i think the payroll tax has to be a very big part of the picture. i think we can get more taxes from high income people, big winners over the economy in the

last four decades. >> doubling all currently projected federal individual and corporate income taxes would be insufficient to advance even the low every bound estimate. >> the payroll taxes would increase by 11 1/2%. income taxes by 9%. and that was enough for even the bernie sanders constituents to say, no thank you to this government-controlled health care. reporter: connell, interesting that senator bernie sanders name came up a lot in this house hearing. that is notable because it is not typical for a senator to be so involved in a house hearing today but he was thanked multiple times for him and his staff for helping guide the committee to conduct the hearing today. connell? connell: bernie's presence is there. melissa. melissa: here to react, james freeman "wall street journal" assistant editorial page director. i hardly know where to start with this one. they talk about the morality of health care is a right.

we have to provide health care for everyone and they don't talk about the morality of the fact that the government is all of our largest expense, no matter how much or how little money you make, they take their taste of your paycheck before you buy one loaf of bread for your children. now they're talking about taking an even bigger bite out of your paycheck. no sort of morality around that but you're a bad person if you oppose higher taxes for, you know this medicare for all. >> yeah. i mean we can talk about the morality of forcing people to take services they don't want, to take away their choices in medicine, forcing doctors and nurses to take a lot less money to try to make this financing work. it is funny this, bill they were talking about today, has a section called freedom of choice. melissa: right. >> it means you can choose any provider that the government allows you choose. so that is the freedom of choice. but i think some people look at

this, they think it is irrelevant because the senate is in republican hands. this is basically laying the foundation if they, democrats win big in 2020, to jam through medicare for all the first 100 days, well, it has been thoroughly studied. we've been having hearings for years. melissa: when they say single-payer, it is you the taxpayer. >> yeah. melissa: while we've got you here, reaction on this the "avengers: endgame," huge movie, now 10th highest grossing movie of all time. that is the beginning. bernie sanders tweeting a suggestion to disney because they care what he has to say. they say what would be truly heroic if disney used profits from the "the avengers" to pay all the workers middle class wage instead of paying ceo bob iger $65.6 million, over 1400 times as much as the average worker at disney makes. we wanted to do the math on that because we care about math

unlike bernie sanders. say the profit was just over a billion dollars, kind of bun of different figures how much the movie cost to make. let's go with that one. they have more than 200,000 employees. so it would be about $5200 each as one time bonus to each of these employees. then all the profit would be gone. what do you think? good idea? should they do it? >> people know this, but just to be clear, bernie sanders does this with every industry. so he has attacked drug companies, insurers, banks, he thinks all of finance is a fraud. netflix, amazon, sears, we saw with the amazon example his math was off. in this case it is a little odd, you know from a previous life there aren't too many people on a movie set making minimum wage. i guess what he is saying is, let's take the "the avengers" profit from this movie people made, shovel it a lot over to the theme park business. if you worked on a movie, it's a big hit, i don't know why that

makes sense to you. melissa: talking about a government takeover of the means of production. james. >> we've been watching how that works in venezuela. melissa: turned out great. thank you. >> thanks. connell: for sure. president trump is suing two banks in an effort to prevent them from providing financial records to congress? does he have a case. how will it turn out. the judge is coming in on that andrew napolitano. a frightening new study revealing tapwater may actually play a part in causing cancer. details on that up next. ♪ 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.

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breaking news, which is apple, the stock way up there, more than 5% after the earnings record report. the second quarter numbers were good. both profit and revenue. also the tech giant citing stronger sales guidance for the current quarter really driving things. it's flirted with the trillion dollar market cap again.

211.50 right now. it would reclaim the 1 trillion-dollar market value. current after-hours gain has apple on track to add 70 points to the dow joins industrial average at the opening bell tomorrow. drinking tap water could increase the risk of cancer over the course of your lifetime in california. this is according to the environmental working group. the combination of toxic pollutants in the water could cause more than 15,000 cases of caser. some of the contaminants include arsenic, uranium and radium. sounds delicious. i wonder if that's everywhere else too or just california. firing back, president trump and his family are suing deutsch bank and capital one trying to block subpoenas seeking their financial records. eric trump was on this network earlier talking to stuart varney about this topic.

here's what he said fnlt they're subpoenaing our lawyers, our accountants, ow banks. the only person they haven't subpoenaed is my father's doctor. it's insane amount this point. it's just presidential harassment. my father is doing an incredible job. >> andrew nepal tha napolitano. who has the better argument here. is president essentially suing his own baiks claiming, as eric says, presidential harassment. >> i'll give you both arguments. the president did the right thing to hire lawyer to challenge the subpoena. he's saying please don't comply with the subpoena until after the court rules. the president's argument is this. there's no legitimate governmental purpose in congress seeking this information. it goes backing ten years ago. the congress can't prosecute me. i've been audited by the irs

continue usually. the federal government has given me a clean bill of financial health, leave me alone. the house of representatives argument is wait a minute, we just had a guy testify yb you may not like him, he's a convicted felon and perjurer, but he made sense at this time, michael cohen said you overstated your assets to get loans and your understated your assets to get tax liability and he gave us some documents that point in that direction. and if the president is a crook we need to know about it. >> i heard eric use the term legislative purpose. is that what you're referring to. is that a legal term and would the michael cohen testimony gives congress a legislative purpose? >> that is really what a judge will decide or judges if the looser, president or the house, decides to take it up. but i will tell you what was found to be alleged of the purpose, as absurd as it is,

infamous investigation of roger clemens urine. ruin your afternoon. the courts are really liberal on what congress decides for itself. >> the type of thing is a precedent. >> yes. >> one of the stranger ones you brought to our attention. but it's a close call. the bottom line, it's a big deal. >> i will tell you this. it is a close call and it is worth the court scrutinizing. it might go all the way to the supreme court, as will the issue of whether or not the same house of representatives can get ten years of the president's income tax returns. >> exactly. the other issue. judge, we'll see you soon. judge andrew tha napolitano. i hope i didn't ruin dinner. we've had a huge hour here, apple beating on all me metrics except the iphone else, rising the dividends.

that was something that investors obviously pleased with. the stock trading up by 5.5%. >> let's see if it gets above 212 tomorrow. keep an eye on ven venezuela. thanks for joining us today. appreciate it. >> "bulls & bears" starts right now. david: we've got breaking news. shares of apple trading up about 5.5% ach hours o after hours. apples earnings conference call set to get under way in moments. we'll monitor that and bring you the big headlines coming up. let's take a live look at caracas. , venezuela. the opposition leader juan guaido attempting to get leadership of the country. we'll tell you how the white house is responding now and we'll speak to a former ution ambassador to venezuela on where things go from