david: wasn't ron swaboda, wasn't he great? these baseball players are terrific people. neil cavuto. thanks, david. president is threatening knew tariffs. nike caving to colin kaepernick of all people. struggle to keep iran in check. when will other nations step up and help? first,. >> there is abuse at facilities. this is their best behavior. they put them in rooms with no running water. and these women were being told, by cpb officers to drink out of the toilet. they were drinking water out of the toilet. and that was with them knowing congressional visit was coming. this is cpb on their best

behavior, telling people to drink out of the toilet. >> did you see somebody actually do that? neil: sounds almost too incredible to be true. we're getting indications, border patrol pushing back on alexandria ocasio-cortez's claims. blake burman at white house with latest on that. reporter: alexandria ocasio-cortez, the democratic congresswoman in new york described what she saw down there at customs and border patrol station as unconscionable. we're getting reaction from folks here at white house. deputy press secretary hogan gidley was asked about alexandria ocasio-cortez's version what she says she saw at cpb station. gidley saying that the customs and border patrol agents in many cases are buying formula and diapers with their own money. so the white house is defending agents. gidley talking about the congresswoman. i don't know what aoc is talking about, but then again nothing is

new. i never know what she is talking about. the congresswoman did take to twitter earlier today to defend herself against a report, when she was at facility she was screaming and yelling at agents during her visit. she tweeted out follow, when you pair 9500 current and former cpb officers part of a violently racist and sexual violent secret facebook group, corroborating accounts of abuse, cpb couldn't control their own officers for congressional tour, what else do you call that but a rowing agency the on the first part of her tweet there, that is responding to a report that current and former cpb agents targeted her in a secret facebook group. the border patrol chief says that would be unacceptable and that they are looking into that. neil? neil: separately, blake, can you update on the situation with vice president pence? >> yeah. neil: he was supposed to be an an event in new hampshire. pulled back. we're told it was emergency. what happened? reporter: this unfolded within

the last 45 minutes or so we don't know exactly how all the pieces fit at this moment but here is what we can tell you. the vice president was scheduled to land in new hampshire for an event at 11:30 today, earlier this morning, so half an hour ago. at are 11:15 a representative for the vice president took to the microphone at that event said that the vice president had to return to washington. the vice president never made it to new hampshire. his plane, we believe was turned around. just about, i don't know, five, seven minutes ago, we saw the vice president enter the west wing. he returned back here to the white house. neil, we do not have any official explanation from the administration as to why the vice president had to return. and we have not been told, officially at this point, nor given any indication this might be a national security matter, though, we do not have any sort of reason or spa nation why the

why the vice president not showed up at the event, came back here to the white house instead. neil: is he fiscally okay? reporter: we saw him enter. the west wing over here, about 200 feet this way, and then the driveway, actually i think this is video here. is indeed. look at the car there. you can see, hold it for a second. keep holding it for a second. right here, you are going to, i believe see the vice president exit the car. no, that is the tail end of it. you might have caught it on front end. i an assure you the vice president left the vehicle, walked into the front entrance. we're trying to track down what made the vice president turn around, come back here to the white house. neil: okay. hope everything is okay thank you for that update. back to alexandria ocasio-cortez's criticisms of texas border facility where she said the conditions were just horrific, now we have not been able to you know, get any sort of a second, third following up

on that. whether, what she claims is in fact true, that national border patrol council vice president hector garza is with us right now. hector, she says a lot of explosive things here. dire conditions. you know, no food made available. deprived of showers. sleeping overflow. people forced to drink from toilets. >> so, neil, let's make something very clear. the facility aoc visited are processing centers, temporary holding facilities a built while back to handle only amount of detainees. yes, we are being overwhelmed. people unfortunately sometimes are cramped into the small bases. we've been calling for congress to act to provide resources. recently they passed a funding bill. let's make something very clear, our border patrol agents do not tell people to drink out of toilets. that is not what we do, how we are trained. neil: take an image.

you might have it in the control room. these are pressed for space, because of that, toilet combination sinks, there is a sink separate but attached to the toilet but they're not drinking from the toilet. hard to make out with the shot. so, authorities there were saying, no, they're not drinking toilet water. this is separate sink in jail, which is originally built to be. >> this is type of toilet, sink you find at almost any county jail. that is the sail thing we have temporary processing centers. neil: this facility was built, when during the obama years? >> it was built during the obama years. correct this, is only temporary processing facility. neil: all right, so charges that these people are staying more than a few days, do you know if that is true, they are staying so much longer? >> because we are overwhelmed people stay for additional time. we do our best to get people out of there as soon as possible. we've been coming on fox news and telling members of congress

for funding. neil: much have been made of some who are now taken down facebook site, said nasty things about those come in, racist remarks, do you think there are a lot of people that do that? >> first of all, neil, the national border patrol council condemns any bad behavior, we do not accept that. only three individuals were identified making those type of comments. at this point if they're border agents or not. as border patrol agents we spoken out against abuse. spoken out bense any bad behavior. that happened under the obama administration. as a matter of fact i became a whistle-blower we were not treating people right way under obama administration. neil: these comments were cited recently. we have up to 20,000 border agents, add up anything. 9500 is the working full-time population. how many of these were on this facebook site from which these remarks apparently, maybe by a few, to your point there, is

always bad apples in every bunch, how many do you think were doing this. >> we don't have an exact number, neil. people from general public, former agents, current agents, current cpb employees. openly three subjects were making these comments. our border patrol agents were not treated like that. we get in trouble doing stuff we're not supposed to. neil: they're not supposed to do that. border patrol tweet said these posts are contrary to the honor and respect from our agent. she goes on to say, any employees go on to violate standards of conduct will be held accountable. does that mean fired? >> could be suspension or termination. found against policy, something not appropriate, they will see very serious consequences. i want to make sure we don't throw all of our employees into those bad apples because our employees do an amazing job every single day. just last week our border patrol

agents jumped into the rio grande river, pulled out a 13-year-old boy. started cpr. they revive him. that is the work we do on daily basis. neil: you have responsibilities and duties not in original job description. i understand that one thing i wanted to get to you a sense, whether these facilities, not just one in texas, others are cited very overcrowded. congresswoman cortez talks about one jail cell supposed to hold sell. there were 76 detain knows. other one 41, temporarily holding 155. is that right? >> we have public records on that. we keep very good records. we have very strict transportation, escort and detention policies as far as how we do business. now we are being overwhelmed neil. neil: to that degree? >> yeah, sometimes in the el paso facility we're being overwhelmed. 1000 percent of increase. neil: no doubt the numbers surged exponentially.

they're in that kind of a situation for a few days, right? >> not in extreme situation. up fortunately aoc has lost credibility with everything she is talking about. she is saying we have concentration camps on border. that is not true. everything coming out of her mouth, she has lost credibility, sir. neil: do you think she was subject to abuse, maybe a lot of guards did not like her to begin with, wanted to make it difficult for her. >> as a matter of fact speaking with agents at the facility they said aoc walked in there, beginning a war against our agents. the footage where alexandria ocasio-cortez is going up on our agents and being very threatening and being very abusive with border patrol agents. that video is in the hands of cpb headquarters. we hope cpb releases that footage. neil: but this crowding, that you talk about, this $4.6 billion border funding bill is supposed to address that, right? >> that's right, neil. that is what we're trying to get

the money so we build additional facilities, additional care, so we continue to take people to the hospital, provide them with toothpaste and other necessities that they need. neil: so when you hear congresswoman cortez and others you guys should not be doing it, you're not up to the task you say. >> as border agents we do our best. our job is border security. we treed them with dignity and respect. guess what, we risk our lives for these people every single day. neil: very good seeing you. thank you for explaining this whole process. hector garza, in on all of this, trying to clarify some of this if we can. meanwhile back to the china situation. what if i told you that is not the tariff war right now. what is the tariff worry what we plan to doner on europe. edward lawrence at the white house with the latest. reporter: it will be up to $25 billion worth of parts. the wto sided in a case with the united states saying that the european union subsidizes airbus. that's the damage to the united

states, economic damage. so what this action does is allows the u.s. to put up 100% tariffs on airliners, airline parts, other items in a list at the u.s. trade representative as office, taking public comment on extended list related to this 89 new items. some of those items including a culture. things like parmesan cheese, sausages and hams. also olives, pasta and whiskey as well as other airline components. the white house is seeing trade talks just starting again with china. a trade deal with japan moving more slowly than the president would like. stalled talks with the european union, the administration still believes that tariffs will bring about a better trade deal. >> this is a ruling by a court that basis said, that the eu violated some terms of the wto by subsidizing an airline. we won the case.

it is little bit farther off. we need to recoup losses on subsidies that violated the wto. reporter: the u.s. brought the gays hoping to level the trade playing field with this. in may the timeline looks like this in may of last year. wto sided with the u.s. there was harm by the european union subsidizing airbus. july 2018 a report by the arbiter, they will report will determine what% of 100% tariffs can be imposed. that report expected to be finished by the summer. neil: edward lawrence at the white house. nike is pulling a betsy ross sneaker, what they're calling it. they look pretty sharp. that old flag ticked off colin kaepernick. the company quietly ditching the shoe. now, now, a governor is saying you know what? we're going to ditch you, not quite, but close. after this.

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neil: they look like pretty spiffy sneakers to me but nike pulled them just the same. betsy ross flag shoes. it ticked off colin kaepernick, who let the company know about them. the company quietly telling them. arizona governor doug ducey is pulling nike financial incentives or trying to. fox news's deneen borelli weighing in on all this. what do you think, deneen? >> our american flags are symbols of liberty, freedom, independence, patriotism but looks like nike is on the other end of the spectrum from all those aspects. who at nike thought it was a great idea for one individual to be able to dictate what this

company can and cannot do? colin kaepernick clearly is a radical activist. nike knew what they were getting into by making him the face of nike. and now they may face some consequences because of this. neil: you know, ted cruz had been tweeting, good news nike only wants to sell sneakers to people that hate the american flag. that might be your point. nike revenues and earnings are soaring through all of this. standing by colin kaepernick. that was before all of this. but they might be figuring well, it makes them stand apart from their competitors. what do you think? >> well, what they're doing is alienating the millions of americans that love and can cherish, stand by our american flags. nike is an american multinational business worth billions of dollars. they employ thousands of employees. we'll see what the outcome, what the fallout of this might be.

but their primary role and fiduciary responsibility, neil, is to shareholders. and what they are supposed to do, make apparel for consumers to purchase. you know, they had this line extension. i'm a marketing manager. a product line extension, with this, with this sneaker. i'm a marketing major, excuse me. they came up with another concept. they shipped it out to the retailers. they called it back. now how much money will nike lose because of that? how much shareholder value will they lose because of that decision? neil: so i'm wondering what the upside would have been here? the fact they quietly canceled these shoes, obviously removed them. i don't know how they have gotten into stores or what have you, it just doesn't add up to me. no matter how strongly you feel about colin kaepernick. they signed him on. stood by him, fine. i understand that this seems to be going the extreme other way, you're afraid you might offend

people just showing, in this case, even an older version of the american flag? >> sure. well, i tell you, what i have read recently is that there are some that are out there circulating on the internet. they are selling for over $2,000 for a pair of sneakers. so, i think nike really lost out on some substantial revenue with this. the american flag, something that americans love and cherish, and appreciate because it stands for freedom and patriotism. we're coming up on independence day. what better time to release a product such as this for nike? neil: yeah. looked like sharp looking shoes to me, so whatever. deneen, thank you very, very much. deneen borelli. >> thanks, neil. neil: meantime gas prices are spiking ahead of the 4th of july. now the president in the meantime sending a very strong warning to iran. >> no message to iran. they know what they're doing. they know what they're playing with. i think they're playing with

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>> i built up a lot of great capital. if something should happen, we're in a position to do far worse by not doing it but hopefully we don't have to do anything but you can't let iran have a nuclear weapon. you can't let certain other countries have nuclear weapons, too devastating. so they are having a lot of difficulty in their country right now. hopefully at some point they will come back, and say, let's make a deal. we'll see what happen. neil: used to be the president was the lone critic of iran at least in the european community, some of our allies, wanted to keep the nuclear deal we had in place with iran, warts and all, now even france had enough. emmanuel macron very concerned about these breaches on uranium capabilities, the kind of stuff that builds the kind of nuclear power that we're, we really

don't want iran to become. former national security advisor, to former vice president dick cheney, john hannah of all of that. john, what do you make of this now? even the french are saying these comments you've been making, iran, the last couple days are troubling? >> well it is obviously and encouraging sign, neil, that the europeans warned the iranians. as frustrated as you are, do not test us, do not begin breaching the constraints of the nuclear deal. the iranians have now done that. it doesn't look like the europeans are going to respond. they are desperate to keep the deal alive. they will engage in meg shuns. the fact of the matter, iranians made a threat, early as this weekend they could blow through the next constraint, which is more worrisome and dangerous, enriching uranium to much higher levels beyond what they're allowed right now, perhaps as high as 20% which is at least

halfway to having the kind of fissile material that you need to build a bomb, the iranians claim as you well know, it started with the united states. we were sticking with the deal. the president ripped it up. told it was a mistake. you left with us no other choice. what do you say? >> that's the iranian narrative and i think the european narrative has to be, we hear your pain, we're trying our best to keep this deal alive. maybe to create a mechanism to facilitate some trade with you but if you push the limits of this deal, if you push the envelope, begin breaking out towards a nuclear weapons capability, that is our red line. we cannot allow that. we'll be forced to join the united states in diplomatic isolation and snapping back international sanctions. that's the choice that the day of reckoning that is coming for europe, i'm afraid.

neil: do you know, i get the distinct impression iran does not care. maybe it is just crazy. this is what you are dealing with. maybe it is just, you know, the protection of a lot of those unfrozen assets, tens of billions of which it already has from signing on to the original deal in the first place. but something has got to explain this bellicose position they're taking? >> i actually think kind of the opposite, neil. i do think that this escalation of the part of the iranians we've seen over the last six or seven weeks is precisely not a sign of their confidence and craziness and willing to rush to a bomb but a sign of their desperation and the extent to which these unilateral u.s. sanctions are actually crushing their economy. i don't think they believe they can wait out president trump. that they are maybe months away from hitting a crisis, balance of paints crisis.

and they have -- payments crisis. they have to do everything they can to threaten and blackmail the international community, taking relieving this pressure, getting the president to back off. they're kind of going for broke. i think they want, they're about negotiations here and diplomacy but they're running a lot of risks and it can easily escalate beyond their control. neil: yeah, to be sure. john hannah, thank you very much. >> thanks, neil. neil: meanwhile charlie gasparino has the latest on all these campaign fund-raising figures that are coming in. big deal when mayor pete scores about $24.8 million quarter. even bigger deal when the president of the united states scores four times that, and then some, after this. ♪ ♪

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neil: all right. in a greer of big offerings, this one could be eye-popping in of itself. budweiser could be offering the biggest food or drink company listing ever. gerri willis at the new york stock exchange with more. hey, gerry. reporter: that's right, neil. anheuser-busch inbev asia-pacific unit wants to go public, what would be the biggest ipo not coming from silicon valley, not priced down here at the new york stock exchange in fact it would be done at the hang seng.

they could raise as much as $9.8 billion, which beats uber, valuing the company at $63.7 billion, very big indeed. this would be the biggest ever listing after food or drink company. much bigger than anything we've seen in the past. asia-pacific business is 18% of inbev's total volume. biggest markets china, australia, south korea, as a growing marketplace. it is number in sales in all of china. proceeds will be used to pay off debt. they have $100 billion in debt. they might buy other beer companies. in researching this, neil, i have to tell you i found a very worriesesome trend out there, unless you and i personally do something, china will pass the u.s. as the world's largest beer market in 2021. neil, make america great again. come on let's drink some beer.

it's a holiday weekend. neil: we cannot let that stand. thank you very much. president is threatening 4 approximately dollars of tariffs not on china, mexico or some obvious names in the past. how about the european union? to real clear markets editor john tamny, markets watcher mark luschini what they make of this. what do you think? >> neil, obviously it is a dangerous. we've been here before with europe relates to automobile manufacturers. we're talking about subsidies supposedly being applied to airbus, competitive threat to boeing. of course among other things. but the fact of the matter is, this is helping keep the markets on its heels. we go through the waves of trade risk on, trade risk off. now we're happening to migrate from china to europe, at least for the day, which is to say, we have a trading block there the size as big as the united states, which could escalate,

create tension that china currently has been creating going forward. probably unlikely time when global economic growth continues to deteriorate. neil: you know, john, i have to look at this and wonder, we're kind of spread out and far-flung with the threats we have, maybe for perfectly valid reasons. this would not be the first time a u.s. president complained about the way europe shields itself from american competitors. he is responding a little bit differently. i'm wondering where this is going, what do you think? >> hopefully not too far. it is very dangerous. let's remember the u.s. has the most valuable companies in the world headquartered here. that they are most valuable, they get enormous amounts of sales from around the world including the eu any attempts to limit european companies ability to sell in the united states is a way offing the u.s. companies to sell into what is a very large market. who cares what the rest of the world does? hong kong is rich because its market are open.

so is singapore. the u.s. is rich because its markets are open. doesn't matter what other countries do, as long as we're open, we'll be the prosperous country. neil: you have to wonder, ma, whether we, like "whack-a-mole" with some of these trade deals or deals we're working on. let's say we score one with china. then we have something potentially just as worrisome, maybe not on a dollar sense but thornyier with europe, with whom we have much better relations in general. what do you think? >> agree. what we know we have mercantilist president makes judgments about other countries or economic blocs with regard to trade imbalances with those countries. this should come as one hand no surprise. on the other hand as previously stated it is worrisome. particularly at time wee a fairly closed economy with regard to our need to drive economic activity from exports. it is only 12% of our gdp. nonetheless when we're operating at 2% growth rate and rest of

the world as i mentioned earlier continues to see decelerating economic activity, compounding reducing business sentiment will be helpful to reflate economic growth and will not be good for our stock market. neil: i do notice more people than just you smart guys are getting a little worried about it. the fed's barkin was talking about the chilling effect of trade tariffs and the rest, putting out a statement that the economy could be blind-sided in terms of weaker earnings reports as a result of this black and forth. when you hear that kind of stuff, john, do you concur? >> of course i do. let's never forget our openness to foreign goods is why we're productive nation. we allow others to do at and we elevate our most unique skills. let's remember countries do not trade, individuals do. markets and economies do not like central planning but that is exactly what is coming from the republican party

increasingly. the party that was once embracing of free markets, increasingly wants governments to set the terms of trade. that is what poor countries do. if we continue down this path we'll be naturally a poorer nation as a result. neil: gentleman, we'll see. hope you're wrong on that one. you've been pretty prescient on a lot of other developments. meantime we're following something else, i don't know whether this is because of bad business move or just plain immoral. charges that facebook and youtube are flooded with bad information on cancer treatments. you talk to someone who is going through something like this, gets their hopes up. it is all a sham. then what do you think should happen? after this.

neil: all right. president's campaign raising 105 million bucks in the second quarter. to put that in some perspective, mayor pete, right, he raised about a quarter of that. those were boffo figures. that is the highest return we've

seen for any of the democratic candidates so far. bernie sanders is around 18 million for the same period. we could be surprised by numbers. nothing coming close to what the president is raising. read from charlie gasparino what he makes of some of these early figures? >> it is impressive. last time donald trump ran he did it on a shoestring. neil: that's right. >> from what i understand they have been preparing for this with a campaign infrastructure. remember, it was downstairs in trump, in trump tower, he had five people down there. there was a kiosk full of trump hats and shirts. that was essentially it. this is a much bigger operation. it is much more coordinated. brad parscale, if you know brad? neil: sure. >> he is really smart guy. really tall guy. the guy is six 10. he is the nicest tall guy i ever met. really smart. neil: you seem surprised. >> when i ran into him i thought he would be tough like donald. he is nicest guy in the world.

he is smart. he has been planning this for a long time. as a matter of fact i got my invite, i don't know about you, cavuto, i got my invite to donald trump's fund-raiser on friday at 5:00 p.m. at the bedminster golf club. neil: wow. >> by the way for $100,000 you too can be part of a roundtable, take a photo with the president. neil: i can see you popping up there. >> it is really good. neil: do you golf? >> no. i guess this is only way those golf courses can make money by having these events. i'm just kidding. listen to who is, besides the president, special guests. they will have tom ricketts there. tommy hicks, financeer. rona mcdan well will be there, brad parscale invite you to vip event with donald trump. neil: what do you get for the vip event. >> if you give 1000 you go to the reception.

5600 vip, extra drinks. 25,000, photo reception vip. 35,000, photo, reception, vip. for 100,000, 100,000 you get a roundtable photo and reception vip. neil: a lot of time when he visits his club, he pops in, if there is couple getting married, they get him for free. >> i know. that is the odd thing about trump much remember he got on bob woodward's case for not calling him directly? woodward said i called kellyanne, they didn't give him the message. the odd thing, actually, good thing about him, if you're a reporter, you call him directly, he will call you back a lot of times. neil: is that so? >> i have seen it happen. call the white house switchboard. leave your name. if he knows you he will call you back. my guess bob woodward called the white house switchboard, bob woodward, "washington post." neil: he remember the president said something like that. >> i've seen it where friends of his would call the white house

switchboard would call that. he is interpersonal. neil: let me ask you quickly on money raise president, 70 some odd million in the first quarter so, this is over 100 million. >> yep. neil: how does that -- i know each quadrennial election more you got than the last time, compared with presidents at this stage? >> in line what hillary was losing. it is interesting. he won last time with nothing. that was just amazing problem. this standpoint it was amazing he didn't raise that much money against someone who raised a lot and still managed to win, even though it was, a very tough win. we should point out biden, everybody is asking what is going on with fund raisers for joe biden, given very bad week. i spoke to guys in new york. very close him, they're staying with him. they understand if he has

another two bad weeks like this, it could be over. it will be a lack of competence. money will flow elsewhere. neil: you're very good reporter. do you notice a connection between, you know, declining poll numbers and declining donations? what we saw in jeb bush's case. he was the juggernaut. >> the difference between jeb bush and biden, biden people make the point, lydia moynihan, my producer, biden has support outside the donor class. you know jeb really didn't. he had the donors. he had big money guys in new york. biden has support among african-americans across the country, leaders, he will be very difficult to beat in south carolina if he can make it that far because of its overwhelmingly african-american -- neil: kamala harris. >> if she can. they're not, his base is not abandoning him just yet. down five points in a poll. i think the whole thing, neil, is he competent?

i think that is going to be, if he can turn -- he didn't sound competent the last week or so. if he can sound confident and answer questions about busing which was an insane thing. i can't believe anybody is in favor of busing given how crazy the history of busing was, if he can get, get a good comeback on that, some other issues -- neil: i don't think he was prepared. he was prepared for segregation it question, talking to senators, not for busing. >> he should be prepared for all of it. neil: that's right. the nature of the beast. >> i love the guy playing you in the next movie. neil: stop it. thank you very much. >> i want this to go viral. t.j. burn. neil: i'm sure he is a gifted actor. >> he is. neil: naturally. >> played in a movie with the word shmuck in it. just looked it up. neil: thank you. charlie gasparino, meantime drug prices are soaring. more hikes could be on the way. these guys are not intimidated

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it even helps with this. so you wake up ready to hit the ground running. don't miss our 4th of july special with the queen sleep number 360 c4 smart bed now $1299. plus, free premium delivery when you add a base. ends sunday. sleep number. proven, quality sleep. neil: american airlines is canceling a route between california and texas. you can expect to see more of this. a lot has to do because of the boeing 737 issues. it was delaying and others were delaying some 737 max resumptions in the air. that is causing a problem. expect likely, likely to hear more. meanwhile drug prices are surging. more hikes could be on the way. a few of them posts about 40 different drug prices, some by high single digits, some by 40%.

depends on the company, what they're arguing for. capitalist pig hedge fund manager jonathan hoenig on all of that. jonathan, you obviously believe let capitalism decide this, if they overdo it, they pay dearly for it. if they don't, they don't. the president is trying to rein in, saying increases they have done in the past, way beyond the inflation rate. way beyond the excuse of recouping redevelopment costs. you say? >> we need capitalism. the president is right, making every effort as an administration, after administration, for decades, working hard trying to do their best to bring down pharmaceutical costs in this country but they're not unfortunately addressing the two root issues. one who regulates it. one, who pays for it. quickly start with the regulation, neil. honestly this notion somehow pharmaceutical companies are running wild is a farce. they are among the most

regulated elements of our economy, neil, from the fda, to the nih, to the surgeon general. add it up it costs $2 billion to bring a drug to market. actually less than 12% of the drugs get approved. the cost of regulation is a big one. the other, who pays for all of it? government pays for more than 40% of the health care in this country. that doubled since 1970. unlike say an iphone, a hamburger, there is no incentive for companies to cut prices because government is a willing buyer over and over again. neil: do you think some of them though take advantage of that? if i look at some of these companies, antibiotic, hiking it by 50% in one fell swoop, other companies had hikes in 40 plus different prescriptions by average of 13.1%, a little tamer by comparison, but that they

feel they can do it. they can do it once again because government is there as a willing buyer. why in a truly free market, this changed dramatically since the 1960s, 1970s, specifically comes to drugs with george bush's prescription medicare part-d program. that expanded government's purchase of pharmaceutical products for essentially nothing to this massive 40% of all pharmaceutical products now governed, purchased by government. so they have no incentive to cut products. neil, as you said, as long as we institute health care as a right in this country, even republicans for all the talk freeing up economy and freeing up health care, they are on board with everyone has a right to health care in effect. that will continue this trend. we've seen it before, neil. seen it in education, more government got involved higher costs have gone. we need to clear the deck here, phase out medicare, medicaid, make it a truly free market.

that is the only solution. neil: what if the government were not involved in this at all? this is responding to market demand for promising therapies and drugs? you heard of billion dollar treatment to treat neurological diseases, some deal with spina bifida, it isn't so much the government setting a the tune, company knowing, that we're only one has this, we rule the roost should there be a different standard for companies helping people live? >> when it comes to very unusual treatments truly miracle treatments for patients for which there is not a mass audience, look, that type of development, that type of r&d does cost quite a bit of money. a lot is regulatory costs. neil: you're right it. >> for some that can't afford, pharmaceutical companies give it away or make it available. very few people pay list price. equate it to macy's.

macy's will price something very high, oh, it is 60% off. what often times pharmaceutical companies do, oh, it is $5,000 a serving, if i have it to you medicare, 40, 50% off. the whole system is distorted by government, that is what needs to change. neil: you and i can politely disagree on this subject. >> thank you, neil. neil: the economy is expanding, tax cuts are working and regulatory relief, well the gift that keeps giving. so why aren't voters feeling it? because they're tell pollsters, we don't see it.

neil: stocks are pulling back from highs on fears that things are slowing down. big tech is bracing for a new white house action. and the vice president falling fast in a new poll, the former vice president, i should point

out. you would be very surprised i think about the two who are rising just as he's falling. neil: welcome back. i'm neil cavuto. this is "coast to coast." joining us, daniel mcloughlin and jerry baker. i would like to begin first on the general state of confusion over what's happening at the border and of course, you heard alexandria ocasio-cortez, what she was experiencing. i want your reaction to this. >> -- in a room with no running water and these women were being told by cbp officers to drink out of the toilet. they were drinking water out of the toilet.

and that was them knowing a congressional visit was coming. that was -- this is cbp on their best behavior. >> that's the same thing we have at these temporary centers. neil: this facility was built when, during the obama years? >> that is correct. but again, this is only temporary facility. >> look, she went down there, she went, she saw and she probably didn't shed very much light. a lot of confusion before she went and she probably spread further confusion. we don't know. authorities i think deny those were the conditions they were in. but who knows. there is a lot going on down there. there are a lot of people there. there are people in different circumstances, different conditions where they are. but i think the idea that she's propagating that people are being treated in this appalling inhumane way is probably extreme. i think that she should really

have really spoken to the cbp and other people and figure out why the conditions were as she thought she found them. neil: the same woman who said it was akin to concentration camps on the border down there so obviously they were prepared that -- >> she didn't even say akin. she said they were concentration camps. neil: i'm just trying to be nice. so when this happened, a lot of the people down there were saying you are painting a very different picture than the reality. for example, the comment about drinking out of toilets. these are combination sinks/toilets for very tightly constrained limited space jails, which is essentially this is and was meant to be at the beginning. so is she being fair? >> i think that she is using some pretty inflammatory rhetoric. certainly the question, the comment about concentration camps is something we've got to be really careful about. these facilities were built at a time when we had a much much larger flow at the southern border. they were primarily built for young males so the last time --

neil: much smaller. >> much smaller number. last time we had these kinds of numbers -- neil: can't handle it. >> this is about overflow. this is a huge humanitarian crisis. no question there is not the space in these facilities for this number of people but certainly not for women and children and not for unaccompanied young children. we have had unaccompanied minors come across the border for years and years and the obama administration detained them and sent them off around the country to sponsors. but these young children who have been separated from parents are being held indefinitely because the process of coming across the border illegally has now been criminalized. there's a big difference from one administration to the other. i think she needs to be kwarful about the words that she uses but what she is doing is making democrats stand up and realize actually i think this helps the president by understanding there actually really is a crisis. neil: -- went so far as to say we should shut these facilities down. >> then what? that's the other question.

neil: by the way, the early numbers you referred to, a lot of this was happening under the obama administration, i'm not casting aspersions, he was saying we can't be quite sure about the identity of the kids that come in, whether they are with some people who aren't really their parents and had a policy in place to try to deal with it, but the numbers are a fraction of what they are now. it seems like everyone is plain overwhelmed. >> they are and i think unfortunately, where a lot of the focus is, is on each side trying to prove that they're right in taking down the other side and they are so concerned about taking the other side down that they're not as concerned about building the country up and working together and maybe looking at this -- neil: $4.6 billion bipartisan measure is a step in that direction. >> absolutely. >> supposedly. obviously the bigger problem here is that these people are coming up, many of them, from central america through mexico, and as you saw with that terrible case of the dreadful case of the man and his daughter

who were drowned from el salvador, they have said they were coming not to seek asylum, but for economic reasons. the president does have a point that something has to be done within mexico, mexico took some more measures recently as we know, but the central american countries, they have got to do more to stop the flow. neil: they really can't do it. the president is optimistic that what mexico is doing on the southern border will alleviate this, i think they anticipate when june numbers come they will be down 20% to 25%. we don't know. but that might ease a lot of it. >> it might. that's what's putting, as both of you are saying, putting pressure on these facilities that are obviously inadequate to deal with it. at the same time, what do we want? do we want to build massive facilities and the expectation of more people coming? i think there is a delicate balance there. you don't obviously want people to be treated cruelly, but you also don't want this expectation on their part that they can come, they are going to be put up in kind of a hotel for

several weeks while they wait to come across the border. you have to strike the balance between minimal standards of decency and making sure that actually people are not encouraged to come. neil: there are bad apples, right? >> unquestionably. neil: they had a facebook site taken down on which they made disparaging racial comments, bragging about the fact some of the residents were denied showers, were sleeping on floors or got little food. that doesn't speak for everybody, even in our profession there are questionable characters. >> not at the table. neil: you know what i mean? i get that. but it doesn't help their p.r. >> not at all. especially now that we have this huge influx of women and children, the most vulnerable among us. this is horrible from a p.r. perspective. i wanted to go to jerry's point. we have failed states to the south of us. honduras is a great example. we have the education is a problem, we have corruption, the police force is basically impotent against gang and drug

violence, so the idea that i think we had to be thinking about aid and thinking about how we make sure that those -- frankly, those states need to take care of their own business, but how do we build up those states so we don't have this influx. that's how bad it is. i have had clients from honduras, clients who had coyotes had brought young children with coyotes. it's so desperate. neil: that's a whole new wrinkle. we used to have kids before but not in the volume we've had. >> we are dealing with economics. >> it is economic. that's the point. they can't be allowed to claim, delicate kwquestion of asylum. the reason you are seeking asylum because you are forced out of your country. there used to be a very narrow definition. it used to be about persecution, religious, political. it's now people saying there's terrible crime in my country, therefore i have to come -- >> a lot of people on the far left aren't even bothering to say it's just for asylum anymore. they are saying they want to open up the borders. >> to your point, economic poverty is not a basis for

asylum under current u.s. law. there have been discussions from the trump administration, how do we make sure we narrow asylum which of course happened at the end of world war ii, how jewish boats were sent away. but what do we do to make sure folks who need to get in, get in under those laws and those are clearly defined. neil: do you think the democrats go too far the other way by pushing decriminalizing those trying to get into this country when there's a cnn poll out today that says a hefty majority of americans do not want that. >> it's more than the cnn poll. i think i'm right, nearly 60% of democrats don't believe in -- >> whatever region, it seems -- neil: that's a little too far. >> it seems the further left you are, it seems the bigger platform you get. the media will pay more attention if you're not saying let's look for a solution to this problem. if you say let's abolish i.c.e., those people seem to have more star power in the current

climate and it's pushing even moderate democrats further left. >> they seem to be giving the impression in that debate last week they do care more about non-citizens than about citizens of the united states. now, everybody should be compassionate of course. these people are living terrible, terrible lives. they are growing up in awful circumstances. one can only have compassion for them. but it's americans first. this is the country that these people are elected to represent and protect. neil: by the way, it's a worldwide phenomenon. you are seeing this play out again and again on the global stage. if you don't want to have borders and protections and a system in place to deal with the influx of people you want to bring in or don't want to bring in, you might as well kiss your country good-bye. >> this isn't going to get any better. we are starting to see refugees and others on the basis of climate change and that's not going to get any better as things continue the way they have been. yes, we need a country. yes, we need borders. we also have to think about the way immigration serves us. neil: to jerry's point, they are out of step with their own voters.

>> absolutely. neil: in a general election that is not going to cut it. >> and hispanic voters which is really important. primary voters tend to be more liberal than people who vote in the general election. they could really make a mistake by electing a nominee that's much further left than the general population will accept. neil: the president's poll numbers are not off the charts. he's getting blame for not solving it, for being too draconian. >> there are seven billion people who live outside the united states. given a choice, the very large majority would come to the united states if they could because they know economic conditions are better here, they know life is better here, standard of living is better here. are we just going to say okay, we should just let them in? i don't think we can. neil: there used to be strict criteria, like your life was threatened. we have a lot more coming up with this fine group, including nike losing some tax breaks in one state because of potentially

shelving a shoe because colin kaepernick didn't like it. then the numbers of americans who are not too keen on tax cuts they say they never received even though they did. and an improving market they never saw even though it's happening. what's going on with that? after this. under this buttonwood tree, is where people first gathered to form the stock exchange which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪

neil: 92% of americans received a tax cut, but only 17% say they paid less taxes last year. so they're not convinced. the numbers don't add up. irs showed smaller refunds for the upper middle class. i don't know what the catalyst is for that, or maybe the savings were so small, we have automatic deposit, i'm trying to give every benefit of the doubt here why a lot of people who did get tax cuts either didn't see

them, didn't know about them, or are bitter because they wonder if they were passed over. >> i think two things. one, the media coverage was extraordinarily negative. if you recall, it was all about tax cuts for corporations and the wealthy and most people didn't think they were getting a tax cut because it was all the media focus was on that. secondly, i do think that the reality was the bulk of the tax cuts did go to corporations in particular, a large number of middle class people did well, too, and i think people felt that even though they may have got a tax cut they were thinking hang on, somebody else did way, way better, was way, way better off than i was. i think they were both persuaded by the media that they weren't getting a tax cut and they also realized that even though they were, it wasn't as big as other people were getting. >> i agree but still, the discrepancy is so large. the coverage was overwhelmingly negative from the media, i completely agree with you. for me personally, if i find five bucks in my jacket pocket i'm walking in the sunshine all day. that's certainly the most of the tax cuts were bigger than five

bucks. so i think a lost it has to do with some people, they just don't like donald trump and they don't want to give him credit for anything even when he does do something good, and whether that's partially the media's fault, i think at the same time he chooses to focus on some interesting things rather than on some of the things that he's done that are good for people objectively. neil: do they stee, whether you want to target the tax cuts exclusivity, the improving market conditions, not everybody is in the market but as a rule of thumb, if your boss is happy, you should be happy. if bosses are happy and are not laying off, we have had consistent job growth. >> a poll that came out about a month ago showed the majority of americans did not like donald trump, but they said they were better off under donald trump. it just remains to be seen what matters more. neil: other polls show, you're right, on the one signature issue he has, he's polling with more negatives than positives on the economy. that doesn't jibe. >> i think it's 47% of americans

believe he's the person that's made this economy good and about two-thirds are happy with the economy. he's not getting the kick politically from the economy that you might otherwise expect. i think there's a lot about the tariffs. neil: by the way, that's different in some of the states that he flipped, where he's not getting the credit. even in pennsylvania where it's record low unemployment. i know the factor there, that's joe biden's state, scranton and all that, but he's down double digits. >> i think it's small, i think because there are incremental benefits to people in their biweekly paychecks, i think prices are rising a little, we have a big swath of the country that are being impacted directly by tariffs. neil: you keep track of your money. you would notice a few extra bucks. >> look, if you very kindly at the end of this show gave kat $5 and thank you very much, then you gave me $25 -- >> or a million. >> they would have a right to

feel somewhat hard done to. >> i would be at the ice cream truck. >> even though she may have found it in her jacket, she will think why the heck did he get that and i get this. neil: i think you would be happy with that no matter what. >> we know amazon doesn't pay any federal tax. big pharma companies don't pay any tax. democrats have done a pretty good job demonizing them. neil: well, it might be small percentages with everything else, r & d and all that, i get that, but one of the things that's come up here is that it was weighted, to jerry's point, to larger corporations. i would say you can't prove a negative that never happened but without that, there probably would have been a lot more layoffs. >> that's the problem. >> so i will never forget sitting here at the end of 2017, we said we were looking at all these big bonuses come in and my question then, i posed it to you, is what happens next year. we saw a lot of corporate america give out all these bonuses at the end of the year, tax cuts, cuts, cuts and jobs

act, but radio silence for 2018. i guarantee we won't see anything as big this year. to both your points, i think this is relativism at work. neil: what do my relatives have to do with it? >> and mine. [ speaking simultaneously ] neil: if that holds true, this could be the first president who is facing a very strong economy, all that, and anies td is in th fight of his life. >> people are so partisan, donald trump could walk on water or could, you know, cure cancer and 51% -- >> people would side with cancer. >> right. >> for some people, hating the president has become an entire identity for them. they absolutely cannot acknowledge anything positive because that would be -- >> i absolutely agree for some people, maga is also tiring. neil: there's a gap between the

rich and the poor and you are on the short end of that stick going to work for democrats? >> i think that is their quite broadly, you look at the first debate and bill de blasio said of course we are democrat, of course we care about inequality income, of course this is who we are. neil: he also said of course we believe in a top rate of 70%. >> well, you know, we can talk about that. we'll see. neil: it's not a winner. it's terrible. >> you know very well i'm sure the centrist democrats i have spoken to, very senior ones in the last three days, are tearing their hair out. they are really upset about those debates last week. they think the party just signed on across the board to, you know, open borders, to higher taxes, to extreme measures which the country -- >> doesn't want. >> so easy to weaponize. that's why centrist candidates like harris and buttigieg are saying not medicare for all, no, we aren't going to get free college or forgive student loans. i think there's a benefit to them in staking out that middle ground.

>> it went very much against the grain, the key to the democrats' victory in the midterms when they picked all these moderate centrist candidates. neil: -- not on health care for all but better health care to improve on obamacare, because they recognize readily that they have work to do. that's not what i'm hearing right now but it's early. anything can change. good luck with the five bucks. >> thank you. >> i want the million. i'm not going to lie. >> i can assure you there's nothing in my jacket. >> i've got no pockets. neil: guys, thank you all very much. we are down about 21 points right now. interest rates are fairly flat. the latest controversy concerns facebook and youtube, flooded with all these fake cancer treatment claims. first of all, can you imagine dealing with something like that. you find something which seems very hopeful, very promising, and you are snookered into it. that's pretty appalling. it's happening as we speak. after this.

neil: the president seems to be targeting big tech right now. that's not new. the new wrinkles on it are, and who he might be setting his sights on. hillary vaughn on all of that. reporter: well, the president says the department of justice may have a role in cracking down on tech firms. that's a step further than even congress has considered. in an exclusive interview with tucker carlson tonight, trump says the political bias at facebook, google and twitter is illegal. >> you just said that what the tech companies are doing may be illegal. is there a role for the justice department in finding out? >> well, there could be. i don't want to even say whether or not they're doing something. there are a lot of people that want us to take action against facebook and against twitter and frankly, against amazon. >> yep. >> amazon also. lot of people want us to take action. reporter: the president wouldn't say if the doj will get involved, but trump does say that twitter makes it difficult for people to find and follow his tweets.

he thinks they are using their political bias to suppress his followers and that companies like google and facebook are against him and using their platforms to fight back. i reached out to all three companies, but they're not commenting on the president's remarks. neil? neil: thank you very much. meantime, "wall street journal" reporting that youtube and facebook overrun with false claims about cancer treatments. susan li has more on that. susan: we call medical snake oil in the social media age. "wall street journal" did this extensive piece taking a look at a lot of misinformation, scientifically dubious cancer treatments, alternative cancer treatments that could be harmful to patients who are looking for hope, right. hope that isn't necessarily there. so the "wall street journal" says there's a lot of misinformation out there and it could be harmful for a lot of these people who are taking some of this information to their doctor saying what about this, what about that, in particular. now, facebook and youtube apparently have changed their algorithms to make sure some of this doesn't come up so prominently in the news feed,

for instance. we did get in touch with facebook earlier this year, they said they would crack down on anti-vaxxors, the false criticism of vaccines. let's bring up the statement. last month we made some tweets to ranking updates, reduce posts with exaggerated or sensational health claims and posts attempting to sell products and services based on health related claims. also, youtube says they took down some of these false video claims, false medical claims, in the 8.3 million they took down in the first quarter of this year, and youtube says we have taken down and taken a number of steps to address this including more authoritative content across our site for people searching for cancer related topics, showing information panels with more sources where they can fact-check information for themselves. one particular example that really jumped and leapt out is this gentleman, robert o. young, who served time in jail back in

2016 convicted for practicing medicine without a license. in fact, a court awarded one of his patients $105 million because of his false claims. he basically was peddling, you know, we have injections, these salt injections, massages, claiming it would cure their cancer. in fact, one woman, her cancer got even worse. neil: incredible. there's a special place in hell. susan: yeah. neil: susan, thank you very, very much. in the meantime, bobby jindal on his hard line trade stances, in this case, particularly when it involves right now some countries in europe. do they get spread so far, so fast with so many it confuses everybody? after this. this is the couple who wanted to get away

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neil: all right. european leaders have apparently decided to nominate the international monetary fund's christine lagarde to become the next european central bank president. she would take the place of mario draghi who is stepping down. he's had a very what they call easy, loose monetary policy. they have been doing their own quantitative easing, buying up the equivalent of treasury notes and bonds over there to keep interest rates very, very low. in fact, in some regions, below zero. again, i don't know whether christine lagarde shares that view, that kind of dovish view on the part of the central bank to repeat those policies, but she's the person to follow them.

we'll see. meanwhile, the president says farmers love him but is that true? jackie deangelis following this very closely after speaking with farmers in georgia. jackie: good afternoon, neil. that's right. there was a study out of the university of georgia looking at georgia farmers specifically and more drilling down into produce, and the potential problems that there are with usmca and addressing what these farmers are facing down here. now, the study says that because of unfair and differentials in labor costs and also subsidies that the mexican farmers are getting, the playing field is not level for them. it also says that under usmca, the potential losses, the maximum they could see in georgia, $900 million in revenues, 8600 jobs. that's something to think about here. we start talking to these farmers on a various number of crops. we talked about watermelon, squash, cucumbers, tomatoes. behind me is a blue berry patch. i will give you an example so you can see what we are talking

about. these farmers say they need $21 per box of blueberries. mexico's selling that same box for $16. it's 25% to 30% less and they say that kind of competition is completely squeezing them. listen. >> our input costs are continuing to go up, but the cost we see for our products, going down. we don't have anybody to pass it on to. the retailers can pass it on to the consumer. the middleman can pass -- chemical salesman can pass it on to the farmer. but we don't have anybody to pass it on to. jackie: u.s. secretary of agriculture, sonny perdue, took issue with this particular study and wrote an op-ed in the "telegraph" saying quote, they neglect to mention farmers already face such competition under nafta and they overlook the ways the administration is fighting for a level playing field in the seasonal fruit and vegetable market. so it is important to note here

that it's not like the farmers had something and it's being taken away from usmca. nafta was not a great deal for them either. usmca has improvements across the board that certainly seem better. a lot of the farmers that i spoke to here, though they don't necessarily see the relief that they're looking for in usmca, they say they support the president. they support what he's trying to do, but in this last-ditch effort, they are just asking for a little bit more help with their cross-section, their piece of the pie. neil: thank you very, very much. good reporting. jackie deangelis. a lot of these farmers are also saying you know, we don't really benefit whether you give us some credits or special allowances to make up for this because it doesn't come close. they are an angry constituency and others as well feel that unless these trade impasses are solved and soon, they will be taking it on the chin. former louisiana governor bobby jindal joins us right now. governor, good to have you. >> thank you for having me back. always great to be on the air with you. neil: same here.

what do you make of the fact the frustrations, even in core trump constituencies, are getting frayed a little bit here? they want results, settlements, agreements fast. >> it's a catch 22 for president trump. for years, american politicians have talked about the trade imbalances with china, with our other trading partners but so far it's all been talk. they have not done anything about it. to his credit, president trump has actually tried to solve this problem. the challenge he's got is that in the short term, that does cause pain for our farmers and for our producers. but make no mistake about it. if we don't solve this problem now, this will cause long-term costs to the american economy. the chinese continue to steal our technology, they continue to flout global trade laws. if they don't follow those laws there won't be much left to steal. the reality is that if they do will to those laws they could be a very good trading partner for the united states. i think he's right especially to take on the chinese. i think he's right to force this problem. unfortunately it's been neglected for too long. neil: know what i worry about,

governor. i always say one fight at a time. when he talks about going after china, last week before he left, he talked about going after vietnam and india, that they weren't fighting fair. now this latest broadside against europe, maybe $4 billion in tariffs to deal with these inequities there. might very well be the case, i don't know. but he's confusing people. there might be a method to this madness but as i said on the show before, it just might be madness. what do you think? >> i tend to agree with you tactically. i do think it would be better to do this sequentially. i would prioritize them, i think china is the largest, most difficult target. i think one of the things not only in terms of confusing people, more importantly, we are missing an opportunity to marshal our allies with us. take for example the eu. i think germany and other european countries would love to stand shoulder to shoulder with us against the chinese and get fairer terms as well, but at the same time, we are fighting the chinese, we are also fighting the eu, we have also been fighting canada and mexico. i agree, it does seem like we are trying to do too much at

once. three things i think the president could be doing to improve his tactics. one would be to do these sequentially, not simultaneously, and prioritize them. secondly, i do think it's important to communicate to his voters, not only the farmers but the american people, and show them what he's trying to fix. show them the previous job losses, show the loss of technology, show what china is trying to do to the american economy, and then third, i do think it's important to have these incremental successes. now, you mentioned in a previous segment about the deal with mexico and canada. you don't want, you know, president obama showed that no deal is better than a bad deal when it comes to the iranian negotiations. i'm not saying that trump should sign a deal just for the sake of having a deal, but if he can get some incremental wins at least he can show folks there's relief on the way. i do commend him for taking on a problem that's been ignored for too long. neil: governor, thank you, sir. bobby jindal. we are getting interesting news on the oil front here. it's interesting how russia is working with opec to keep oil

production cuts in place. even now working with non-opec members to drive home the point. does that win out against a global slowdown story that you are hearing? it's hard to say. more after this. let's take a look at some numbers:

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neil: there's always a push and pull when it comes to oil. it goes down if there's fears of global growth, it can go up if there's fears of production cutbacks or some, you know, new emergency in the middle east which seems to be every other day. of late, what's been propelling it is what's going on in iran, then of course russia working with opec and even non-opec members to curtail production. that's the latest thing that should have given a sort of poke up to oil. not today. again, a lot of this could be built on the concerns about the global economy and maybe a deal that is going to slow things down for awhile. let's get the read from scott martin. for now, it's the concern about

things sort of slowing down that's dictating things. obviously that can change. where do you see things going? >> i hope it changes but it doesn't look like today, my friend. my goodness, look around. you've got gold prices back up to where they were last week. hey, friends, new low on the ten-year note as far as this drop goes to about 1.97% on ten-year u.s. government paper. that's pretty significant. yeah, i tell you, it does signify that dryup in demand. the dryup say in optimism that's out there now with regard to global growth. to me, oil prices, the yield as i mentioned on the ten-year note, gold prices are things to keep an eye on here as we kind of assess how earnings season is going to be in the u.s., that's starting in a number of days as well as the overall economic numbers the federal reserve is going to be watching over the next couple weeks, as they prepare for their meeting later this month. neil: you know, it's interesting that the federal reserve was talking about a chill in

business investment because of the trade uncertainty, then prudential came along to say that, you know, trade could blindside investors as earnings take it on the chin, paraphrasing there. so part of the concern is built on the idea that tariffs are around for awhile but i thought the markets were happy that the federal reserve would come to the rescue to deal with that. >> i think they are. now, how much the fed really does i guess is the question and does it offset the trade concerns. i will tell you, in talking to some business owners around town here, some public, some private, mind you, they were hoping that by now, we would have some sort of more construction in the deal. you know, i think it's one thing to say yes, we are going to get a deal, but to not really know when and not have any visibility kind of like we still don't have, still i think worries businesses. what we are going to see is yes, an impact on q2 earnings which is again starting in a matter of days, but also, guidance. i think you have to watch company guidance going forward as it pertains to the tariffs,

as pertains to the difficulties they have in trade and how that may affect future profits. neil: what do you think happens? >> i think the market takes it a little bit rough, to be honest with you. i think the market has baked itself a cake that it's eating that says there's going to be a trade deal, if that makes any sense. if we don't get one, or at least some real progress, real measurable progress in the next few weeks, i think the market's going to start to worry. yes, the federal reserve can come to the rescue and give us 25 basis point rate cut here at the end of july, but i think the market wants more. again, with the ten-year down where it is, i think the market is expecting more than just one rate cut and more stimulus from the fed. neil: yeah. if they don't get it, then what? >> then the market sells off. then you see things like gold go up, you see things like bonds continue to rally which we own, i'm happy to have those things but i will tell you, be ready for equity volatility going forward if you are an individual investor playing at home. neil: thank you, my friend. good catching up with you. scott martin. have a good fourth if i don't see you again. by the way, the company says just do it but nike shares right

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neil: all right. i saw, these are pretty spiffy. i can see myself tooling around in these. nike is pulling the betsy ross sneaker. arizona's governor is firing back. thinking i'm going to pull nike's financial incentives in the state. this is about the flag reference even though it goes back to betsy ross's days. what do you make of this? >> i think it's interesting, right, because people have been saying, well, conservatives buy sneakers too, or patriots buy sneakers, too, but if you look

at the numbers, the stock's only dropped only less than 1%. so maybe it's not that big of a deal. at the same time, on some auction sites they are also selling for about $2500 and they are originally $120 shoes. so there are some people -- neil: capitalism thrives. >> some people really really do want these and i don't think it's a bunch of nazis buying the sneakers. >> they are actually very wealthy. >> wealthy nazis. i have been called many things. neil: the whole colin kaepernick thing, it has helped nike. it had his back and it's a great relationship and it's paying huge dividends for them. >> right. nike made a business decision that they were going to -- neil: to hate america. >> we will get to that, i think. to support kaepernick and to support players who kneel.

neil: why can't you do both? i mean, i understand kaepernick's association. are you so politically correct, you represent him, fine, if that's what you want to do, but what's the problem with betsy ross and the flag? >> they think this is part of a bigger issue as it relates to symbolism, so we see this. neil: this is an american company. the flag means something. >> actually, now since citizens united they have right of political speech as well which is of course not what this is. this is dollars and cents. i think nike has decided you can't have both and what kaepernick has said to them is the betsy ross flag is used in some circles as a symbol of white supremacy. >> so is milk. >> sure. >> we could spend an hour talking about the symbols. nldz y neil: you lost me on that one. it harbors bad -- >> yes. that is the issue. a great example is the confederate flag.

what you see in that flag is very different -- neil: that, i can kind of see. i don't support that, redoing history and taking down anything that reminds you of that because you are offended, i get that. but this is going overboard, isn't it? it's so politically correct, you don't think your customers can discern? >> right. i think there also is this issue of where do we draw the line. if you look at some places in the country, particularly college campus, they are saying even george washington is offensive because slavery took place during that time and these were slave owners. so that's offensive. i think there's a fine line between being sensitive and completely erasing history whatsoever rather than looking at it through an historical lens. neil: it comes at a time that dovetails with this next issue. that is america's pride. it's not what it was. when they poll americans on are you proud of your country, very proufd yo proud of your country, still an overwhelming majority are if you threw in proud versus extremely

proud, the extremely proud, though, has dropped to under 50%. that's apparently the significant development. obviously my staff is not a very patriotic bunch. they are accurate in that regard. that just seems, they have only been doing these polls a little over a decade. what's going on here? >> i don't know. clearly they didn't poll me. i am very very patriotic and so is my cat and we are a very patriotic family. they didn't ask me. i don't know. but it's just people now, it's just social justice obsessed, people are trying to find ways to be offended because when you get offended there's more power in that than in anything else in many circles, saying hey, look, this historically is offensive, we have to cancel this or cancel that. neil: people, we live in an overwhelming age. this might not be a political statement, you know, i'm not

feeling very proud or happy or robust or yankee doodle dandy. i'm overwhelmed. >> a couple of points here. one is -- neil: we only have time for mine. >> no, wealthy nazi. no, not today. so presented with the make america great again, the fundamental premise of that statement is america is not great. there was something there, right, something there, there were grievances there. neil: way overanalyzing. >> second point, i was really interested to see the age, what's happening in the different age ranges. older americans are much more likely to say they are proud or extremely proud. the youngest americans, only 24% said they were proud or extremely proud. >> didn't ask me or my cat. >> i'm not a gen-z. neil: i really think a lot of this, you are under pressure at work and dealing with a lot in your life, and the digital age in which we live, you might sort

of conflate that am i happy with my country. >> this is not the jfk ask not, you know. this is sort of the reverse jfk. i think younger americans have more concerns about their future, about their student debt, about whether they are going to be able to buy a home. neil: you are actually blaming this president. >> i'm not. neil: incredible. >> i will give credit where credit is due. it's very important. neil: that reminds me of "spider man." the movie coming out. this will be three trilogies, nine movies. >> too many. too many movies about a man in a . neil: actor doing it is 12 years old. he is 21. >> chinese love it. neil: they do. >> this is soft power, neil. this is soft power, we're exporting american values through spider-man. neil: that should make you proud of america. >> shouldn't it. neil: doing the same thing again

and again. >> i never understood adults watching superhero movies things. i know most people do it. most people do it. neil: hey. >> i'm in the minority here. i tried to be entertained. i want to fit in. >> batman. neil: not a choice. it is an option. >> what about at least batman? >> i don't find it entertaining. i tried many, many times, gone to see all the movies, again if i didn't i wouldn't have people to hang out with. ii am a social creature. neil: american movies are selling like hotcakes everywhere. we have a lot more coming up. stay with us. o insurance, we've got the wheel route. obviously. retirement, we're going with a long-term play. makes sense.

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day goes either way. not hurting stocks. volume is fairly light this holiday week, ahead of employment report on friday, everyone is hedging their bets. this is interesting development. to charles payne an interesting guy in his own right. charles: thank you, neil. i'm charles payne. this is "making money." stocks are hugging the flat line. s&p soared into record territory ahead of the close. will the doldrums go away on friday? that is when we get the jobs report. last month we saw a huge miss. this report will be huge as well. perhaps a major market mover. you heard about it already, nike pulling a flag themed speaker after colin kaepernick, of all people complained, just two days before independence day. aoc blasting the