liz: tim chubb be 3 billion in assets. [closing bell rings. that does it for "the claman countdown". u.s. was lifting some trade restrictions on the chinese company huawei. so the dow settles in higher by nearly 200 points, 197 points, right around session high. good stuff, good to be with you i'm connell mcshane. melissa: i'm melissa francis. this is "after the bell." tech-heavy nasdaq ending in positive territory. nasdaq closing up 1%. we have more on big market movers. here is what is new at this hour. connell: breaking news at this hour on capitol hill, top four

congressional leaders meeting with treasury secretary steve mnuchin and white house chief of staff mick mulvaney working towards a potential deal to raise budget caps, increase the debt ceiling trying to avoid a government shutdown. latest coming up where those negotiations currently stand. top officials from the trump administration just wrapping up an intelligence briefing with members of the senate on the escalating standoff with iran. hours after members of the house received their update. we'll speak to one of the lawmakers who attended the classified session today. dozens of tornadoes battering texas and oklahoma, triggering flash floods, also causing significant damage. we're on the ground in one of the hardest hit areas. melissa: blake burman at the white house, hillary vaughn is on capitol hill where the top four congressional leaders are

meeting. hillary, first to you. reporter: senator mitch mcconnell is optimistic they will meet a deal with democrats from congress by the end of the day. it would include a two year spending cap agreement. big four, connell they believe they're making progress. treasury secretary steve mnuchin saying on his way out they will be back in less than 15 minutes from now to continue negotiations. mcconnell saying that they are anxious to reach a deal. >> very uncouraging meat -- encouraging meeting in the speakers office. we met for two hours. our hope is to make a deal before the day's over. reporter: minority leader chuck schumer saying they still have details to work out. part of those details include domestic spending how much to spend and where.

schumer says raising the debt limit will be a part of this package that they are negotiating. the big question from both republicans and democrats, will the president sign what congress puts on his desk. >> trust but verify. we'll have to wait and see. obviously we need the president to publicly sign off whatever we need to agree to. i think they realize, republican leadership and the white house that when mitch mcconnell, sorry, when president trump shut down the government and our republican friends went along with that it didn't serve them very well. reporter: mnuchin and mulvaney are back with the big four in 15 minutes with pelosi's office. we'll see if they come out of the office with a deal. back to you. connell: thank you very much, hillary. melissa: we have liz peek foxnews.com columnist. liz, you first, we're almost out of practice covering a story like this whereby partisan leaders in congress say we might have a deal by anything by the

end. day with we're talking about here. should we be excited or do you have questions? >> easy to do a deal when everyone is willing to spend more money and no one concerned about the debt. that is where we are really. they don't want a government shut down. neither party wants that going into election cycle. holy crow, someone has to put their foot down, no, we can increase spending on domestic agenda items important to the democrats to get them to do their job. i think it's a little discouraging. connell: they are worried about how much more spending we'll do on the domestic side of things. what is your take on this. >> they have been telling us 22 trillion in deb, yearly deficits.

many years ago debt used to be a four-letter word. many years ago politicians were upset about raising government spending. many years ago, about ridiculous you know, size of government but nobody cares anymore. and it is the norm now. supposedly good that more debt is foisted upon an unwary taxpayer and public. and away we go. there will be a day of reckoning. i don't know to years, 10 years, all these people doing this stuff they will be all gone. they will be way gone or lobbyists or working on wall street and we'll be paying for it. melissa: there you go. back to the markets on that happy note. the dow ending in the green, department store woes hitting retail stocks as more consumers opt to buy things online. gerri willis is a the new york stock exchange. go ahead. reporter: it has been a mixed bag on retailers. let's start with kohl's. a nice beat, i'm sorry, a disappoint on the bottom line, 51 cents a year versus 68 but revenue was better.

the ceo telling investors the year started off more slowly than we would like. we're seeing comments on tariffs from retailers. they said tariffs could have impact on future results. jcpenney, double miss for that stock. as you can see the stock down now trading at $1.07. 46 cents a share, versus 38 cents a share, a loss. so very disappointing there. same-store sales down 5.5%. ceo telling investors this, we anticipate a more meaningful impact on private and national brands if the fourth quarter tranche of tariffs goes into effect on chinese imports. there is the china effect. on the other side tj maxx beating top and bottom line. doing well with all of their brands. t.j., max, marshall's home goods. they're raising revenue. saying the treasure hunt shopping experience what people like out there.

home depot also doing well. eps coming in at 2.27 versus $2.18 but they had the slowest same-store sales in three years. invest took a look at that and sold it off this morning. it is marginally higher. a mixed bag. we're seeing lots of differences between the retailers. it goes to where they're sourcing goods from china. back to you. melissa: liz, i hate that excuse about chinas, because you don't have to source your boards in china. when they talk the consumer will cost this much per house hole, if you continue to buy chinese goods. buy them from india. buy them from vietnam, whatever, anywhere else or america god forbid. >> it takes time to shift around supply chains. companies have been moving production to vietnam, thailand and other places. that will continue, kind of no matter what happens in the next several months on a trade agreement. that is great. we should not be dependent on

china. as for using it as an excuse, really had nothing to do with recent results obviously. it certainly could have something to do with future results as you say these companies prove themselves nimble enough to shift around production. melissa: gary, what do you think, especially not trying to produce, buying retail goods you're going to resell, seems like there are other markets you could pick from and not bear the tariff burden? >> i expect because of all this a midge juror sea change what businesses do and where they buy things going forward. i will actually guaranty it. businesses cannot afford to be left holding the bag especially towards christmas. there could be a major tax hike on the business as well as the consumer but really the bigger story right now is the retail apocalypse continues. dress barns shutting 650 stores. we have more store closures this year in may than we had all of last year. that is just going to continue

online is winning the day and we'll see less and less stores. these big box companies better get used to it. kohl's numbers were not very good. even home depot's numbers were not very good. it is the shape of thinks to come as we move forward. >> it is really different for every company, right? they're all scrambling to head off retail apocalypse. i think it is interesting kohl's has an agreement with amazon trying to boost people in the stores by allowing people to return amazon-bought goods there. that is a fascinating development. melissa: survival of the fittest. thank you. connell: another angle on the trade war, is there any ease on the burden of farmers. president trump helping out american farmers in response to the latest retaliatory tariffs from the chinese. there was a bailout last year. apparently another one in the works. blake burman at the white house with more on that? >> that bailout was to the tune of up to $12 billion of the of the sda to farmers caught in the

middle of a trade war. we're hearing a second relief package, a bail out if you wish coming the direction of farmers. pretty soon, in fact sources are telling me that this could potentially happen at some point this week from the trump administration. here is guidance we're getting from the spokesperson from the usda, details on the new trade mitigation program will be forthcoming shortly. we want to be clear that the problem is being designed to avoid excusing planting decisions one way or the other. the administration has yet to provide details though the president floated possibility of buying $15 billion of products for farmers, delivering it as aid to other countries in response to china's latest batch of retaliatory tariffs. >> we love our farmers. we take care of our farmers. our farmers have been incredible. no country can get in the way of our farmers. our farmers are great patriots. they have done a fantastic job.

our farmers will be well-taken care of. reporter: breaking news out of capitol hill as the top democrat on the house judiciary committee, congressman jerry nadler of new york, just announced his committee subpoenaed hope hicks and annie donaldson who was, donaldson was the chief of staff to former white house counsel don mcgahn. hope hicks, one time communications chief at the white house, currently the head of communications of fox corp., our parent company. these subpoenas come just hours earlier today after it was quite the scene within that house judiciary committee. the white house said that don mcgahn, the former white house counsel could not testify. it would be unconstitutional was their argument. so mcgahn was not part of hearing. now democrats are sending subpoenas to his former chief of staff and to hope hicks as well. connell: latest twist in all of this. melissa: u.s. officials briefing

lawmakers on the trump administration efforts in the middle east. mounting tensions with iran. we're live at the pentagon with break headlines. connell: speaker nancy pelosi calling a special meeting of house democrats for tomorrow, discussing possible paths to impeachment. james freeman from the "wall street journal" response to that, after the break. melissa: and a latte in less than 10 seconds. i like that. 120 cups of coffee in less than an hour. can your barista do that? ♪

touch shows how we really feel. but does psoriasis ever get in the way? embrace the chance of 100% clear skin with taltz... the first and only treatment of its kind offering people with moderate to severe psoriasis a chance at 100% clear skin. with taltz, up to 90% of people quickly saw

a significant improvement of their psoriasis plaques. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory bowel disease can happen with taltz, including worsening of symptoms. serious allergic reactions can occur. ready for a chance at 100% clear skin? ask your doctor about taltz.

at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond.

connell: president trump's top officials briefing members of congress to tensions with iran. bernie sanders responding to situation, saying moments ago, that a war with iran would be absolute disaster. jennifer griffin live with more. jennifer. reporter: the house briefing for house lawmakers start the at 1:30. acting defense secretary patrick shanihan and joe dunford and secretary of state mike pompeo just finished briefing the senate. here is reaction from congressman adam smith. >> what our maximum pressure

campaign has done achieving our objectives i have not seen and not very enlightening what they said there. secretary pompeo made a lengthy political argument. he argues here is all the terrible things iran had done, he spent ten minutes until i cut him off, making -- as every member stood up we know iran is bad. what is the policy going forward? there wasn't enough information on that. reporter: republican lawmakers had a different reaction. >> there is no intention to go to war in the region. this is, this is a deterrent operation to stop iran's escalation and aggression in the region. reporter: democratic lawmakers who served in the military or intelligence community like iraq war veteran ga lay hoe of texas, says senator lindsey graham is twisting the intelligence. others say there is no hotline between washington an tehran.

>> they are prone to accident, particularly when you have people who are interested in accidents. so extreme prudence is required and we believe that the united states is playing a very, very dangerous game. >> uss abraham is hundreds of miles from the strait of hormuz. president trump's acting defense secretary says threat from iran remains high but american forces he ordered to the region might have helped decrease that threat. >> we put on potential of attacks on americans. we really want to underscore credibility of the intelligence.

reporter: but the u.s. and iran don't appear to have a clear face saving way out of this current tense situation. connell? connell: jennifer. we'll speak by the way with one of the senators in the intelligence briefing jennifer referenced later on in the hour. melissa: we'll look forward to that house speaker nancy pelosi calling for a special meeting with house democrats tomorrow morning to discuss the party's next move that was breaking news just a short time ago. here is james freeman of "the wall street journal" he is also a fox news contributor. you know, james we've spent the first part of the day with nancy pelosi denying that there was this push and pull within the party, that she was under pressure from a big part of the party to go ahead and start impeachment. then lo and behold, all of sudden we hear breaking news she scheduled this meeting for 9:00 a.m. tomorrow. to talk about it. what do you make of that? >> this is part of the problem. democrats have created for themselves.

by, talking about resistance, as if the president is some sort of dictator, by, by along with the media kind of feeding this narrative he is some sort of authoritarian trampling the constitution. when you have this over the top rhetoric, your supporters if they believe you, naturally say why are not trying to get this guy out of off? there is a little matter not having evidence to bring a case at this point. melissa: maybe that is what she is going to try and say to them tomorrow. although i don't know, nothing is ever as it seems in washington. so i wonder what the backstory is, what they're trying to do in the short term? seems like they're going with impeachment light. they keep demanding documents. maybe it satisfies no one. to the right it looks like presidential harrassment. to the left it looks like it is they are too chicken to pull the

trigger? is right that they sort of don't alienate everyone? >> she is trying to do the straddle. the trigger for this meeting is congressman amash on the republican side, being the first republican to say impeachment but he is generally a lone voice on various issues. so i think some of the more radical members of the democratic caucus who want impeachment are using this to say, look it is bipartisan. what you see as we move through the week, it is more of an outlyer than a move within the republican party. melissa: if they went for it, everyone is saying obvious out come would be impeachment in the house, it would fail in the senate, do you agree with that? what would that mean for each side? >> impeachment for what? is sort of the question. melissa: obstruction of justice what they're going after. >> similar to the case that amash tried to make, you have to

ignore the fact that the president does have the authority to fire inferior officers in the our constitution. he is the executive in charge. it is not obstruction of justice for him to fire people who work for him much as we might think it's ill timed or misguided or what have you. so i think that general case that was not delivered by mueller is the stumbling block but having promised a significant part of the democratic coalition that they would be aggressive against this president, they find themselves needing to take some action. melissa: to follow through. james freeman. interesting times. thanks for joining us. >> thanks, melissa. connell: as we continue pushing for sweeping reforms that will strengthen your retirement security. that is the aim for republican senator rob portman. he will tell us about a plan he has to make it happen. that is an important story. severe storms destroying parts of oklahoma. other areas of the country are

bracing for flash floods. melissa: wow, look at that. connell: we're tracking the storm when we come back. don't go away. ♪♪ ♪♪

hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job.

what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ and i recently had hi, ia heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix. brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers,

a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. tthis is where i trades. and manage my portfolio. since i added futures, i have access to the oil markets. and gold markets. ok. i'm plugged into equities. trade confirmed. and i have global access 24/7. meaning, i can do what i need to do. then i can focus on what i want to do. visit your online broker today, to learn more.

melissa: severe storms and tornadoes tearing through oklahoma. it isn't over yet. the plains and midwest stand in the path of the storm, could see flash flooding into the end of the week. let's go to matt fin in tulsa. matt? reporter: the threat of severe weather continues after a powerful storm system spawned dozens of tornado sightings in the southwest monday. >> it's terrifying. the man was yelling help. he wanted to get taken out. he sounded terrified in there. >> all we heard was wind going through the house. all the windows are breaking. it is pretty violent, man. reporter: the twisters damaging homes but no deaths are being reported. >> with the rainfall we've had, we have flash flooding in the streets. so it is very dangerous driving. people, please do not drive into the water. if you see standing water, turn

around, find another route. reporter: torrential rain leading to flash flooding in parts of oklahoma. i have. >> i have never seen flooding like this. it is coming into my garage. >> as long as we see flooding on the end of the town like we've ever seen before. >> we'll be out here all night to get people out of houses. reporter: interstates in the oklahoma city area are flooded, bringing traffic to a crawl. if storm is moving across several states. if the damage is indianacation, the damage on the ground is very real. in oklahoma, matt fin. connell: breaking news. of the shares of nordstrom are getting hammered in the after-hours session. sales miss for the retailer. the stock is almost down 9%. down by $3.40.

executional misses about customers. the stock is down. coca-cola getting strange you might say. the soda maker, believe it or not, bringing back the new coke recipe. who would ever thought this would happen. this is all in honor of netflix stranger things premier, takes place in 1985, the same year coke changed recipe. rolled out the new coke, turned out to be a joke or disaster, got a lot of backlash. a limited supply available starting thursday of new coke. coca-cola shares slightly lower in the trading session. netflix closing up 2%. melissa: maybe it will go better this time? i don't know. your privacy at risk again. a new warning from the department of homeland security about chinese made drones stealing your data. how to protect your personal information. that is coming up. meet the new favorite barista, gordon. a robot that can whip up the perfect latte in 10 seconds.

i love it. we're live at the cave fay with the latest. warning from beachgoers ahead of the holiday weekend, a great shark spotted for the first time in this area. we're live on the scene to tell you where. ♪

going back to the doctor just for a shot. with neulasta onpro... ...patients get their day back... ...to be with... ... family... ...or just to sleep in. strong chemo can put you at risk of serious infection. in a key study... ...neulasta reduced the risk of infection from 17%... ...to 1%... ...a 94% decrease. neulasta onpro is designed to deliver... ...neulasta the day after chemo... ...and is used by most patients today. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to it or neupogen (filgrastim). an incomplete dose could increase infection risk. ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries and capillary leak syndrome... ...have occurred. report abdominal or shoulder tip pain, trouble breathing... ... or allergic reactions to your doctor right away

in patients with sickle cell disorders, serious, sometimes... ...fatal crises can occur. the most common side effect... is bone and muscle ache. ask your doctor... ...about neulasta onpro. pay no more than $5 per dose with copay card. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees

are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. is it to carry cargo... or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the mercedes-benz suv family. greatness comes in many forms. visit your local mercedes-benz dealer for exceptional lease and financing offers. mercedes-benz. the best or nothing. melissa: ongoing u.s. china trade war adding a new disputed item. the department of homeland security warning unmanned drones

made by chinese companies could be stealing your data. this comes after the trump administration put the chinese tech giant huawei on notice over national security concerns. joining us is morgan wright, a cybersecurity expert. it is estimated 85% of the drones in the market right now are coming from one company in china, dji. how big of a threat do you think that is? >> well, melissa, as we're talking right now i'm in jacksonville, florida, at international association of police chiefs technology conference where discussion of drones happened yesterday. they're happening today. the keynote was and happening tomorrow. this is a huge issue. every agency i talked to them almost all of them are using drones that come out of china. i think it's a huge issue. the army quit buying certain brands including dji a few years ago. it has taken the rest of the country and public sector to catch up. melissa: the company says in their statement they give customers full and complete control over how the data is

collected. just abbreviating here. it goes on to say that you can basically select for your data not to go back to china, not to go back to the company. take whatever security precautions you feel you need to with the drone. >> right. melissa: do you think that is real or can they override them? >> that's a good question, but, what is the information going back to china for in the first place is question you need to be asking. no reason the information from the united states, especially they use this to fly around critical infrastructure, dams, bridges, fire department uses it, law enforcement uses it. no reason for this stuff to go back. even though they say that, a lot of time the stuff is buried down in the settings, unless you're a technician, you understand that, what to ask you will not find the right setting this is huge issue. the people in law enforcement are not even aware of it. many of them, many didn't dji

was a chinese company. melissa: yeah. do you think there is spying intent here? you say why else would the information go back? you know when my microsoft program crashes it asks me can we send this information back to microsoft because you know, they're collecting data on how many bugs there are, sending out fixes. so to me as a consumer, i'm used to tech companies asking me, you know, can i send this information back? then you tend to get updates and fixes along the way? >> yeah. you know, there is a little bit of a difference here, when the drones are in flight, it will not tell you, we'll send this stuff back, do you want to do that. there is no interface. a lot is remote controls. you're flying it. plug back into something later. the challenge here too, this is being sold commercial and industrial uses. unless you know the settings, the default settings are designed to send the information back. in the case of microsoft, apple, whatever it is, you get clear warning on your phone or laptop

that says we want to send this information back, is it okay? you're not getting the same kind of warning on the displays. melissa: real quick before we run out of time, is it too late, when you look at the technology infrastructure embedded in backbones around the world. just look at equipment they sold in latin america, all over the place, is it too late to get the spying out of it? >> you know, that is a tough one, melissa. i wrote a column for the hill i talked about the death of 1000 cuts. this is what is happening. they have got us in electronics. got us in hollywood. con fouch institutes, all over the place. so embedded we're depend depth on a supply chain, it will take a massive effort to extricate ourselves. melissa: maybe that is what the president is doing with the tariff war. morgan, thank you. connell: shifting gears to avoid tariffs as trade war continues with companies we talked a lot of about, shifting manufacturing out of china avoiding costly tariffs, with would be the cost

of moving production all the way back to the united states? from los angeles we're joined by an electric bike ceo. don, good to see you. i want to take this in parts, tell the story of what your company has done. it is really interesting, as kind of a larger story of how you combat tariffs. you're making electric bikes originally in china. then started to move your production where? to taiwan? we have a map up on the screen, shows you going to vietnam and taiwan. we'll get to the usa in a moment. what was the first part of the decision to get out of china? >> well, about a year-and-a-half ago, europeans decided to start putting a tariff on electric bikes made in china. they kind of jumped the gun. as a result of that we decided that we wanted to do business in europe we needed to find production somewhere else. so we explored different countries. we decided taiwan and vietnam was the two best places. once the tariff war was here we already had everything in play. we began producing our bikes as

soon as last september. connell: in taiwan and vietnam. i read you were thinking at least, maybe you have already started to do this, moving some production back to the united states which many people in your industry would have looked at very, short time ago, boy, that will never happen. i saw you quoted in an article, saying something if we had a 3,000-dollar bike made in the u.s., it would cost 10 grand the cost would go up so much. what are you moving back here if anything? >> well we're exploring the different options. you know there is a 52 items on a bill of materials that goes into our bikes. the most expensive are batteries which come from korea anyway. the motors come from japan. those are the core parts of the bike. we can get components made in other asian countries if we bring them here to assemble them. the tariffs are not fair. of the there are tariffs on the parts if we chose to assemble them. there are tariffs on bikes which

i don't understand. at bicycle suppliers association meeting they told us europeans dictate the way bikes are made here in the u.s. i challenged that. everybody else think, seems to think that's okay. we have restrictions from every angle. europeans are very much tariffing products going to europe. connell: right. >> we're caught in between. connell: so i understand it right, what part of the bike? final assembly would be done in the u.s.? what part would make costwise sense here? >> exploring that. frames make sense but we have to build thousands of frames. tesla, the cars come in sheet rolls of aluminum. they come out other end of the car. i think it is possible to do that bicycles. i think tariffs will force the issue. connell: that is interesting. are you supporter of the

president? >> i support a lot of his policies. i think the tariffs are excellent thing to bring production back to the u.s. i certainly support him on the u.s. connell: but bikes are going to cost more, is that fair. >> i'm not so sure that's true. we had small increase in moving production to vietnam. those are supply chain costs. i think it is feasible to bring bikes into the country with similar or less cost if we introduce automation. connell: that is the other part. we'll talk about that later in the show with another story. it is an interesting story, we'll see how it plays out coming back to the u.s. thanks for coming on. melissa: the cost piece, that is interesting. connell: we'll talk about automation. talking about all the jobs going to china. what about the bigger threat in many people's minds. melissa: automation. connell: automation, a.i., all rest of it. melissa: you get cheaper products. blueprint for your savings. detail on bipartisan bill to

strengthen americans retirement security. what it could mean for your 401(k). escalating tensions with iran. president trump's security advisors briefing congress about the growing threat between the u.s. and tehran. we'll talk to senator rob portman, senate foreign relations committee member who attended the meeting that is coming up next. most pills only block one. flonase. woow! yeahhh! there we go! this memorial day, start your summer off right in a new chevrolet. oh, wow!! it's time to upgrade.

you guys out did yourselves there. i'm gonna go and get a chevy. an exciting summer begins at your chevy dealer. and now, during the chevy memorial day sales event, get 0% financing for 72 months on these select chevy models. or current gm owners can get thirty two fifty total cash allowance on this colorado. find new roads at your local chevy dealer.

connell: president trump's top security advisors meeting with members of congress, briefing lawmakers on standoff between washington and tehran. someone who attended briefing earlier, republican senator robb portman from the state of ohio, members of the tore rin relations, finance committee joins us from capitol hill. senator i want to run through a few topics i know on a classified briefing there is limited amount you can say, what is the level of confidence in the administration policies handling the situation with iran right now? >> connell, it was important to respond and i won't reveal anything said in the classified briefing, it is obvious to all americans, iranians are starting to step up activities directly or through surrogates. we've seen sabotage attacks on carbovessels. we've seen a missile shot into our compound in iraq in baghdad. those cases these were surrogates of the revolutionary guard or iran directly who were

responsible. so what we're doing, we're increasing our presence in the region, not because we're eager for a war but because we want to deter aggression, to keep us from falling into a war. connell: fair enough. i ask you level of confidence in the administration, would like you ask about level of patience with another issue. you've been a strong voice going back over the years on trade. what is your level of patience personally, maybe farmers, others you're speaking to in ohio, in terms of president policies on trade and tariffs with china, especially last few weeks as tariffs are escalating? >> last four days we have good news for those that believe we need a level playing field, we ought not to resort to tear i was. lower tariffs on both sides. we post tone tariffs on section 232 under automobiles market

reacted favorably. second we saw the president say with regard to the u.s. mexico agreement, this is the usmca to replace nafta agreement we would not keep steel and aluminum tariffs in place. it helps us get to an agreement, helps the countries to ratify, both to votes on capitol hill. we have a path forward to pass legislation which will result in hundreds of thousands of new jobs in america, including by the way a lot more neverring jobs in the state of ohio. those are two positive things. on other side in terms of tariffs, you're right with regard to china, there seems to be some escalation of both dialogue and tariffs potentially. the president already decided to increase from 10 to 15% on the second tranche, this $200 billion worth of chinese exports to us. we'll sue how that turns out. my view is pretty simple. we tried a lot of things to get china to abide by international

rules. it hasn't worked so tariffs may be only rule we have to get them to the bargaining table to complete this agreement,. connell: interesting, we'll see how long it lasts. last item, the bipartisan bill you and snort cardin has on retirement savings. retirement security and savings act. this is interesting, we hear all the time you have to save more, 401(k)s all rest of it, study shows people still are not saving enough for retirement. what is the biggest thing this bill would do, change incentives or, you know, change that dynamic for people? >> con you're absolutely right, among baby boomers only 48% are saving anything in private retirement savings. that is a shocking number. that is my generation. part of what we do we help baby boomers others needed quickly to get more money into the nest egg with catch up contribution. also small businesses. you're right we have done a lot

to expand 401(k)s, some of my legislation with the same senator ben cardin has helped. among small businesses people don't have access to retirement plan. we help small businesses directly, having a tax credit, substantial tax credit to have small businesses offer a plan. it is an expense. connell: yeah. >> administrative costs. connell: say you want to raise the age too for distributions to 75, which is, was it 70? >> yeah. connell: people are working a lot longer, i guess is the point than they used to. >> to help people in retirement, as you say, what we're finding, with people living longer this requirement at age 70 1/2 you have to start taking your money out of your 401(k) or ira to start distributing it, pay taxes on it under retirement is crazy. if you're still working at age 70 1/2 you want to encourage the person to keep in the retirement savings when they do retire at 73 or 75, likely to live by the way until 90 now that they have

enough retirement savings with the nest egg. we say, gosh it is expensive to do it. you have to find the offsets, expand the age to 75, not 70 1/2. let's say if you have less than $100,000 in the retirement account there should be no minimum required distribution at all. connell: okay. >> i have a lot of constituent when they get to be 70, they talked to somebody, maybe accountant, maybe someone at bank, they said take your money out of retirement. they're shocked. why? connell: that is interesting angle. we'll follow it to see how it does in congress. sounds like important one for many viewers. senator portman. thank you. >> connell, take care. melissa: i didn't know that either, the distribution, that you have to start taking it. that is so interesting. connell: it is. melissa: good information, connell. connell: we try. melissa: a great white shark sighting in long island sound for first time ever. what fearful locals are saying ahead of the holiday weekend. connell: is that him? melissa: i think it is. i'm pretty sure.

want your coffee in 10 seconds, you want to skip starbucks and use this barista coming up next. ♪ ♪ limu emu & doug

mmm, exactly! 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... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

♪

david: this isn't in the present i'm pleased to announce my nomination of barbara garrity writes an arizona former chairman of the aerospace corporation as the next secretary of the air force. the president says she will be an outstanding secretary. >> tracking a massive great white shark. can you imagine a 10-foot long shark tagged last year up the toast -- coast of nova scotia and the long island sound for the first time fox knows laura ingle is live across the sound in import washington new york with the latest on this one. laura, watch out.

>> hey guys i know. i'm a little ways from the shore. we are actually in the north shore of long island right now and as you mentioned this shark was picked up on the long island sound the waterway you see behind us. now the creature named calvin is said to be tagged and they have been watching him and now he is moved around the end of long island and is said to be a long montage. i did talk with chris fisher today. he's the expedition leader with the company tracking the sharpie they tell me they believe it will be heading northbound. soon back to the waters of nova scotia where he was tagged last year. he was a fairly involved process with researchers spotting tags to the dorsal fan and they took blood and tissue samples. the sample help identify what he's been doing in the water before he was caught. it is pretty rare for a great white to be tracked as far west

as it was yesterday in the big fish is super big. you were probably seen some of the graphics we have shown today. almost 10 feet long, five and 33 pounds. he's 100 to 150 miles a day. researchers said he went after bait fish into the sound and while it may sound like a scary thing is actually a good thing according to researchers saying but finding enough food in the sound is definitely a good thing for researchers. back to you. >> as long as that food isn't us. lauren thank you. >> another interesting story the ceo we had earlier mentioning automation. gordon the robot. robert with more on this. >> mrs. gordon and he is the

nation's first robotic arrest the and the founder of the company said he got the idea by standing in too many long lines waiting for his coffee drinks and typically they came up with the wrong order so he thought robots could do better. >> we are trying to create the coffee experience of the future so their benefits for the customer which i mentioned is cheaper but also the business side there's a lot of savings on real estate costs and also food costs. connell: gordon is working itself can -- self enclosed kiosk that he can make the drink in 10 seconds. come in and punch in your order in the digital kiosk or order ahead by the app and wants the cup gets under there takes 10 seconds to deliver it, i'll. a couple of talks last than your usual coffeemaker there and they also have the machos and other drinks as well.

melissa: i love it. i was going to say i think he's mocking him. we love it. thank you so much. bring us some coffee. that does the rest. connell: thanks for joining us today and everyday. "bulls and bears" starts right now. breaking news in big meeting of the so-called big four now underway on capitol hill. top congressional leaders of both parties trying to hash out a two year bipartisan agreement by the end of the day on spending caps in the debt ceiling in an effort to avoid another government shutdown later this year. let's keep our fingers crossed. what has staff met laudani and steve mnuchin attending even. hillary von standing outside the door of this meeting. she's going to keep us up-to-date with any headlines and we will break the show to bring them to you. this is "bulls and bears" and i'm christina filling in