victory because we do not do enough celebrating of the small victories. >> and china is going to buy our coffee. david: that does it for "bulls and bears." we'll see you next time. liz: day two of president trump's state visit to the u.k. did the president's visit push british politics on the brink of a brexit push? the administration highlighting british media coverage giving president trump positive reviews, as much of the american mainstream media not so much. also the story of the dishonesty and duplicity of london's mayor i deck kahn. he -- sadiq kahn.

they say he purposely made the visit all about himself. liberals and kahn did not raise protests when leaders of china and russia came to the u.k. despite their human rights abuses. why were they silent when other dictators came to town. maybe there will be an interest rate cut just in case the trade wars start to take a bite out of the economy. china slamming secretary of state mike pompeo for its criticism of china. today is the anniversary of the tienanmen square massacre. tonight we remember. there is more rain on the way as 7 million americans in the heartland face serious flood

warnings. half a dozen already dead from severe weather. vice president michael pence set to arrive at joint base andrews after the vice president was visibly moved touring damage in south carolina. former white house counsel don mcghan and wilbur ross, possibly going to hold them in contempt. biden runs as a walter mondale democrat. he has promised half a dozen times that he'll raise taxes. the question we debate tonight. do you want to lose? the trump-russia collusion narrative that critics are saying is fake.

you are watching the fox business network. let's go told ward lawrence in the u.k. reporter: yesterday was about the royals. today was about governing and trade deals. president trump saying at one point tariffs will go on june 10 for goods crossing the border into the u.s. then he said tariffs are likely to be imposed. >> all of those companies that have left our country and gone to mexico will be coming back to us. but that's okay. i think mexico will step up and

do what they should have done. reporter: the president thinks it's possible for prime minister theresa may to say we have a close relationship the two countries can build upon. >> we should build a positive trade agreement when the u.k. leaves the e.u. and i'm sure our economic relationship will only grow broader and deeper. reporter: there were protests in london and other small cities. police have an h an enormous poe presence. liz: president trump calling labor party mayor and london mayor sadiq kahn negative

forces. american media practically ignores the positive press. calling history beaut to the queen passionate, word perfect, a touching tribute and more. great to have you on. what's your reaction to all of that? >> i think the president has done a wonderful job representing the united states in the united kingdom. he hit the perfect note in his toast to the queen. he said the right things about a u.s.-u.k. trade deal. he hit back strong against critics in the united kingdom who have spoken out against the president in ways they never have spoke out against genuine dictators like assad and xi.

liz: actual dictators visited london and did not have nearly the same amount of protests. king abdula. what is with mayor sadiq kahn. >> this is all about american. he knows perl per -- perfectly l there are a number of people in england which are anti-american. he's playing up to this anti-american crowd. liz: let's step back. the real global threat are the dictators you just listed. they have violent human rights abuses. what's with the duplicity there? why doesn't the liberal left and the u.k. step up there. >> they like to hit out at the

biggest man on the block. the united states is the biggest man on the block. but when the chips are down, man, are they glad we are their ally. liz: what do you think of the president saying bore why is johnson is d boris johnson is likely the next prime minister. >> there is no question that he's the leader of the conservative party. whether he wins or not, if boris johnson does win, he and the president will have plenty of opportunity to meet after that. liz: the media is not giving the president any positive review

for the president's speeches. >> it was the kind of reception that he enjoys. and speaking to the queen, he looked incredibly comfortable, and the queen looked comfortal. prince charles and his wife, the duchess of cornwall. the president gave a very good speech. >> he did give a very good speech. it's a pity that u.s. media or at least large parts of it are so biased they don't recognize when he does a fair job. liz: on this show we call out both sides. that's not fair. >> i agree it' not fair. >> if you are president of the united states i think the president will be happy with what he achieved the last couple days. liz: tariffs will likely go into

place. we are a month away from the longest economic expansion in u.s. history. there is talk that tariffs could hurt economic expansion. >> mexico's foreign secretary wrapped up his meeting with the top democrat in the house, nancy pelosi, talking trade and tariffs. tomorrow he's heading to the white house to continue those talks about trade with the u.s. and mexico with vice president pence. >> i am always optimistic. reporter: senate republican leaders are in a scramble on how to fix the border problems. some in the gop are talking about voting to block this added tax on tariffs through a

disapproval resolution. >> there is not much support in my conference for tariffs, that's for sure. >> there is some disagreement among republicans whether a resolution of disapproval would be appropriate. reporter: democrats are doubting the president's strategy to use tariffs as a tactic. >> i have a feeling that this one just popped into his head. it's clear a lot of people in the administration didn't agree. i believe he'll back off when faced with the opposition among business and his own republicans. when he sees what a dumb move he has made. >> the fate of the usmca when pushed through congress is solved. mexico's foreign secretary said their senate is already reviewing this usmca deal.

liz: no fix for the border. you don't hear anything about that today from either side of the political aisle. it was a monster rally today. the dow surging 500 points. gerri willis is at the big board with more. >> the dow ending up 512 points. all three major averages up 2% and change. as this on comments from federal reserve chairman jay powell to act as appropriate to defend the u.s. economy. mike mayo a famous bankinged a row captains. info tech stocks surging after falling yesterday pretty handily. now higher up 2% and change. leading the way, apple after

they say they will lead the way on privacy with the new operating system due out later this year. powell stopped short of saying he'll make a move imminently on rates. liz: vice president michael pence returning home in d.c. any moment now from fouring flood-damage -- from touring flood-damaged oklahoma. in arkansas weeks of relentsless flooding tore through levees and dams causing flash flood warnings. arkansas seeing 20 million a day in economic losses. casey? reporter: for so many people this is a real life nightmare that's been playing out for several weeks.

we are in a neighborhood of conway, arkansas called treasure hill. when we got here we met brian. back here is brian's home. you can see they put a wall of sand bags all around the property because it's totally encircled by floodwaters. they have pumps running 24 hours a day trying to keep the water out. brian tells us he has to use a boat to get from the street back to his house. the home that he and his wife and their dog literally just moved into 3 1/2 weeks ago. they are not even fully unpacked. and they are newlyweds. they just celebrated their one-month anniversary yesterday. you he says their new neighbors have been exceptional and volunteering their time to help

secure and keep theirr their new home safe. >> it's just amazing. we could have lost everything. but we managed to save it with their help. >> brian says the water came up overnight about 3 inches. he's monitoring it hour by hour. he says it's hard to even sleep because he's check on the pumps and making sure there are no breaches in the sands bags. there is fear that if ther with the rains the waters could go up even more. the arkansas river is cresting in key places, and hopefully that means the water will finally begin to we creed. liz: the war of big tech and big social media.

house democrats load for bear. but the democrats or republicans missing the worst problem of all. verizon saying the biggest target of cyber hackers is u.s. government at all levels. congress is not doing much of anything. china. the 30th anniversary of the tienanmen massacre. china is trying to scrub that massacre from history. mike pompeo is laying into the chinese for their track record of human rights abuses. that story next. ♪ limu emu & doug look limu. a civilian buying a new car.

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liz: more fallout as congress and the justice department crack down on big tech in a big way. they are talk about amazon, facebook and google. this could be just the beginning. christina? >> even though the house

judiciary committee announced it would investigate big tech, they ended higher. nancy pelosi said unwarranted power in the hands of a few, when they control content, the era of self-regulation is over. sun systems co-for under said they are sceptical. >> they are happy to have this thing drag on. all of these four companies will have to ramp up their spending on bureaucrats and congress people over the next 10 years. reporter: a probe could take years. but an an liz said if some of

these big-tech firms from broken up, it could said value for investors. washington is unsettled by the concentration of power in online advertising and commerce. liz: an analyst saying the democrats will hold hearings to potentially break up big tech. democrats are calling it a quote monopoly moment. it's like break up ma bell, the phone company, in the 80s. >> it's very clear these large platforms cannot in fact be counted onto regulate themselves. so we have got to develop some legislative response to this.

great to see you. how far will lawmakers go? critics say these guys had it coming for some time. >> the politicians have to face the rule of law in this country. i think a lot of this is political grandstanding. there is a difference in anti-trust law between competitiveness and dominance. there is nothing against dominance. to of these companies dominate the market because they are better than their competitors. but others come into the market and start taking market share. they don't have a case for anti-trust. i don't think they do. we also have to -- i think it's political grandstanding. of course, no one likes the fact that google seems to have complete dominance over the

market. you have to divide this between amazon which people are worried about because they say they dominate the e-commerce market. the majority of americans don't shop in stores. walmart was once the monster company. but what we know about economics is companies come and go and competitors come on the scene. i think it's very arrogant on the part of politicians thinking they are the ones who will break up dominant companies. consumers break up dominant companies. someone else comes on the scene and says i can handle that better because i'm smaller and more nimble. let's twitch gears. potentially wilbur ross has subpoenaing fox news executive

hope hicks who was a white house staffer. >> it's more political grandstanding. barr is on very solid turf. this gave understands the law very clearly. one of the things democrats are worried about is barr is looking at whether the fbi broke the law when it used the fisa court to go after the trump people. they are trying to be on the offense because the best defense is a good offense. william barr is trying to do his job as attorney general saying has the law been broken. liz: it would expose president trump and hillary clinton. >> the use of -- it weeks pose president obama and expose hillary clinton. >> it was suppose to be a high bar for the government to be

able to basically spy on people. to use this in a political manner. thank you so much. we are keeping close tabs on several stories at this hour. a big development in the parkland, florida massacre. scot peterson was confronted for not confronting the shooter. he faces nearly 100 years in prison if convicted. new york city prosecutors may send one-time trump 2016 campaign chair to the notorious rikers island jail. he's serving 7 1/2 years in a

members vein yeah prison. he's now facing a state case in new york on charges of mort gaining fraud, conspiracy and falsifying business records. joaquin guzman known as el chapo. a federal judge denying requests for more yard time and ear plugs. he has escaped from prison twice before. he facing life in prison when he's sentenced june 25. reports tonight that lawyers for parents of student caught in the entrance exam cheating. they will try to argue that the alleged bribes they made were not bribes but quote donations

to charity. wall streeters are ball parking the tariffs on mexico. saying he has until the second quarter of 2020 politically to get this settled. tomorrow is the 30-year an verse are you of the tienanmen square master in china. china is angry with mike pop pay oh for calling them out for their human rights abuses. we'll remember that story coming up next. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost.

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liz: security is tight today in china. it's the 30-year anniversary of the tienanmen square massacre.

mike pompeo is ripping into china for their human rights abuses. the chinese government has ramped up suppression and censorship of its population since 1989 when the people's liberation army killed thousands in what some say was a bloodbath. china may seem like a sophisticated super power. but back then when democracy was sweeping through the soviet union and eastern europe. china hooked people out of their jobs on to the streets and slaughtered people by the score. >> 30 years ago as a senior in college, i remember the images of a paiper-mache statue of liberty. those 31 brave students who stood in front of the soldiers

and the one mysterious man who stood in front of a tank it's a country that to this day has not improved its human rights and in some cases got worse. liz: a gentleman in china put up that image of what else now taboo and he was thrown in prison for 3 1/2 years. do you think the world needs to talk more about the human rights abuses in china. >> i have think absolutely they do. the communist party of china has made it illegal to even mention tienanmen square. that's why pompeo discussion it and bringing it to the forefront of the international stage is an embarrassment to them. the only way to improve people's lives just by the phones they use and the conversations they

have, that has to be brought to the attention of the world. liz: china is trying to say the secretary of state broke international law. china is using technology and facing recognition to control its population. >> not only using facial'' recognition. they are tracking conversations and tracking comings and goings in their homes and track conversations. over a million of its muslim citizens have been detained, jailed, ex exhiled and executed. liz: china is reportedly ramming it up. they tested new submarine launched ballistic missiles. they can travel 8,700 miles with

warheads. >> they he pared to the united states and the united kingdom and russia in our battle to control below the seas. it's important the united states keep moving forward to increase our navy. and important this year to fund the two virginia-class subject marines. they are a credible and viable threat. '. liz: there is a division over trump's trade wars with canada and mexico. we are bringing on republican senator bill cassidy about the bigger picture. the battle for 2020. a civil war break out, moderates versus socialists. with their poll is, do the

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liz: republicans getting cold feet on how to handle the mexico tariffs that the president vows will go into effect nexting week. senator mitch mcconnell and jim corbin want to talk to the president in private. president trump says the republicans are being foolish, we shouldn't stop this, the border is broken. senator bill cassidy tweeted on the border issue. more border security means peace of mind for our community. time to finish the wall. liz: the critics are saying do not do tariffs on mexico.

where do you come down? >> i don't care for tariffs but it has gotten the mexicans' attention. the hope is that we avoid the tariffs and come with concrete measures to keep the caravans from coming north. secure the guatemala-mexican border. if somebody wished to apply for asee you legal, they can do it there or in their own country. liz: there has been tremendous overreaction to the president. lbj shut the border, so did richard nixon and ronald reagan for drug trafficking and the like.

>> i will say that congress should act, and the president has put some good deals forward. my state has a positive balance of trade with mexico. i don't know so much to disagree with the president that we certainly agree we need to secure the border. but we want to do it in a way that doesn't negatively affect somebody holding a job. liz: here is former i.c.e. director and fox news contributor, tom holman. >> if i am a terrorist i will take advantage of the border that's in chaos and come crass the border -- come across the bordered with the millions of others. >> we have to secure the

southern border. what measures required to do that is what is the most of effective way. the reason mexicans don't come across our border but stay in mexico is because they have jobs in mexico. if tariffs start absoluting down jobs, we'll have mexican coming across the border. >> mexico is claiming, senator, that it's stopped a quarter million people from crossing into the u.s. do you believe that? >> i don't know whether to believe it or not. if we secure the mexican-guatemalaian border it will stop them from coming across. joe biden is fast becoming the walter mondale candidate in

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liz: to the civil war break out in the democratic party. three moderate democrats taking heat for saying socialism isn't the way to go. they are criticizing thing like medicare fire and the green new deal. here is delaney saying if we put socialism on the ballot in 2020, that's risky to me. hickenlooper was booed by liberals in california by saying socialism is not the answer. hickenlooper iing places we have

to win to beat trump, we'll start out 10 yard behind. ford o'connell, your reaction here? hickenlooper got booed in california by rejected medicare for all. >> there is a real debate brewing within the democratic party. this has never worked anywhere in the world. donald trump is going to relationship reelection if this is on the ballot in 2020. make yourself a problem solver, not an ideologue. if we play the ideologue cart when it comes to the green new deal, president trump will be re-elected. critics say president obama would be considered conservative

by this level. >> we talk about single payer and medicare for all. but you realize among democrats they don't want single payer. they want to fix obamacare. but you have a certain base of the party led by bernie sanders and elizabeth warren saying we don't care what works. liz: middle america and the heartland are not going to go for it. it sounds like the democrats want to lose. remember walter mondale who campaigned on raising taxes? joe biden is talking about raising taxes, too. >> mr. reagan raised taxes and so will i. >> the first step is to reverse

president trump's tax cuts. >> we'll reverse those tax cuts. >> we are going to end trump's tax cuts. >> he wants to do that to pay for biden. but you know who is going to lose here if bind does that? lower class and middle income, they will get hit bid a higher mandate. your take on that. >> all the progressives keep saying weeb, we'll tax the millionaires and billionaires. as for joe bidenned the unquestioned frontrunner. he has another problem. he calls himself a working class person who pushed for unions. he doesn't think china is an enemy and he's for tpp and nafta. liz: their big government plans will have to tax the middle

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♪ ♪ elizabeth: the white house has told the former communications

director and chief communications officer for fox corporation -- [inaudible] and former chief of staff to ex-white house counsel don mcgahn do not cooperate with congressional subpoenas. this comes one day after house majority leader, democrat steny hoyer, says democrats will vote next week on when to hold attorney general william barr and former white house counsel don mcgahn in contempt of congress. let's bring in republican congressman and member of the house judiciary committee, congressman ken buck. great to have you, sir. >> great to be with you. elizabeth: is there really going to be a contempt movement against don mcgahn and, you know, even wilbur ross and mr. barr? >> i think the democrats need to do something that their base is calling for. it's not justified, it's not the proper thing to do. the attorney general has reached out recently and talked about providing documents under

certain circumstances, but the democrats have to walk away from this contempt idea that they have and, hopefully, they will. elizabeth: where does this fight lead to? remember eric holder, obama's attorney general, was charged with contempt. it didn't go anywhere. is this not going to go anywhere? >> well, to put this in context, eric holder -- after 270 days -- was held in contempt for not turning over documents. the attorney general contempt proceeding was brought before the house judiciary committee after 10 days. significantly different, but i think it's very difficult to hold someone in contempt when you have to go through the court process. elizabeth: democrats keep going back and forth about impeachment, now they're talking about censoring president trump. your take on that. >> they want to embarrass him before the elections, but we have the mueller report, we have -- after almost two years'

investigation -- 20 prosecutors, 40 fbi agents, there was no collusion. and there is no chargeable, prosecutable obstruction of justice. elizabeth: congressman, where is the investigation into what was the clinton machine doing here? places like the hill publication saying hillary owes answers. the clinton machine, were they pressuring departments to go after the trump administration, any hearings on that? >> the democrats aren't planning any hearings, i hope that the attorney general's effort bears feud. fruit. i was part of a group that produced documents and triplets, and you're absolutely right, hillary clinton acted in a way and there were people at the highest levels of the fbi that

helped her in acting in a way that i believe violated the law. elizabeth: violated the law how? in what way? >> well, inappropriate -- [inaudible] improper and illegal for her to have classified material on her personal server. elizabeth: okay. >> and that e-mail issue, i think, is at the heart of what secretary clinton did wrong. elizabeth: quickly, i want to get your reaction to this exchange between chris matthews and pete buttigieg. >> mayor, i've got a follow-up. if you were voting in congress right now on impeachment, you would impeach? >> yes, i would. >> okay. [applause] elizabeth: chris matthews said, okay, good, to that. your reaction, sir? >> first of all -- [inaudible] he hasn't heard a single bit of the evidence. it is absolutely premature to do

that. elizabeth: thank you for having us in your homes and thank you very much for watching. lou dobbs is next right here on the fox business network. thanks for watching. have a good evening. ♪ ♪ lou: good evening, everybody. president trump today working with lame duck british prime minister theresa may -- [inaudible] he is committed to preserving and strengthening the special relationship between the two countries. and in the midst of what was a second day of considerable pomp and pageantry, mr. trump made it clear to all that he intends to construct huge, lucrative trade deals between the united states and the u.k. >> our nations have more than $1 trillion invested in each other's economics. the united kingdom is america's largest foreign