side, not taking the bait. stuart: we have not retaliated if these incidents happened, in the gulf, say this every time, oil would be hundred one dollars a barrel. our frackers pot us out of this. that is my opinion. neil, it is yours. neil: any other time it would be calamity. stuart, thank you very much. iran sinks to one new low after another, things look rockier in the persian gulf. we're all over that. not everything is rocky. a debt deal coming together, not cuts both sides were promising. a deal a deal but is it a good deal. a hearing that the democrat say the president should be impeached. it will also prove that republicans say that mr. mueller had an agenda. this foes on and on. focusing on developments much

blake burman, president will meet shortly with the prime minister of pakistan amid talk out of pakistan. >> they took to twitter pushing back on iranian claims that they have detained 17, spies that were recruited by cia. this announcement came via iranian state television, that some of those 17 had already received death sentences. president went to twitter to say not so. he called the iranian claims quote, totally false. he also said there was quote, zero truth to it. now the secretary of state mike pompeo as you know was once cia director before he moved over to foggy bottom. he was interviewed on "fox & friends" earlier this morning. he pushed back as well against those iranian claims. watch. >> can't add much to it specifically, having had a chance to lead that great organization the central intelligence agency.

i would urge everyone reading that story waking up that the iranian regime has a long history of lying. that is part of the nature of the ayatollah to lie to the world. i would take with a significant grain of salt any iranian assertion about actions they have taken. reporter: as tensions with iran continue to escalate, neil, any moment president trump will welcome his counterpart from pakistan. the pakistani prime minister. the southwest border shares the border with the southeast of iran. you think issue of iran will come up, likely issue of afghanistan as well. once the pakistani prime minister heads into the oval office shortly the cameras go in as well. we'll see what questions are posed to the president. most likely what the president has to say about iran. neil? neil: thank you my friend, very much, blake burman at white house. we could see within a matter of

minutes is dotted, ts crossed debt limit deal. what would make this significant, it will last two years. the good news. but the bad news it might not be much of a deal. hillary vaughn. reporter: negotiations between the white house and house speaker nancy pelosi are winding down and we're pretty close to a deal. we could see something announced as soon as today but definitely earlier this week if the house wants to get this deal through, sources tell fox business's blake burman and i details of deal including spending caps, debt ceiling increases for two years each. spending increases would be for defense and non-defense spending. souths close to the negotiations it would put no restrictions on reprograming money for spending items like a border wall. the deal would effectively table concerns about a government shutdown or sequestration until well after the 2020 election. by july 31st, 2021. fox news is learning that the

deal would permanently end the sequester. that is a win for both party, something republicans and democrats both wanted. the package on the table includes spending increases around $75 billion. but those final numbers, neil could shift. right now both republicans and democrats look like they're losing a little bit and gaining a little bit if this deal. that is pretty much close you get to compromise on capitol hill. neil: these days you're right, hillary vaughn on capitol hill. get the read with former cbo director douglas holtz-eakin. i guess a deal is a deal, doug. almost everything seems to telegraph there won't be much spending cut on other side for military related items, non-military items, we'll see trillion dollar deficits for couple years. what do you think? >> what is sounds like. there was a time when at the got rid of the budget caps used mandatory budget restrictions as

offsets. they were not very real but at least a fig leaf. sounds like there is nothing in this deal. that is a real problem substantively. in 2018, exactly such a deal on the table, president showed his displeasure with it, threatened not to sign it. i want to be convinced everyone signed off on this before we start congratulating ourselves. it does have to get done. they have tied together a budget deal, which is a matter of politics and raising the debt limit which is something economically quite dangerous if they fail to do it. they do have to get it done. i hope everyone really signed off on the deal. neil: you're wise to point out as you always are, president trump at the last moment last year was flummoxed about it, ultimately agreed to it, because it provided more military funding he was seeing. this is pricier deal than that one. i'm wondering whether he would go along? are you hearing from anyone that he might not?

>> until i have heard that the president says this is the deal it's a not a deal. there has to be something that can get through the house. there is significant number of republicans who are very unhappy about the lack of offsets, has to get through the senate, president signs it, this is not a deal yet. it is happy talk. this is a lot of spending. easy to point out 70% of the spending is off the table. that is mandatories, you and i talked about, this is 10% increase in discretionary spending each year. that is a big bump. i would make sure everyone is happy without offsets. neil: i heard a lot of people dismiss it. "barron's," this weekend or weekend before on percent of gdp it is not nearly so bad, with interest rates low as they are, likely to stay that way, it is not so onerous, everyone calm down. what do you make of that? >> i think that kind of talk is actually quite dangerous. we hear people say, well, you don't have to work on deficit reduction of the as long as you

pay for what you're going to propose in terms of new things we'll be fine. they're not doing that. this is proposal of 320 billion rumored new spending they're not paying for. we have a debt to gdp that is unstable of the it is going north. there is no sign of it is stablizing. all that happy talk assumes it gets stablized at some level. it is not being. neil: there was talk, maybe advance of the white house, if the president to get reelected he would have a plan to start addressing this. do you believe that? >> one of the interesting things about this, there does not appear fiction of putting future caps in place that will control discretionary spending. that's fine if it means they will get serious about the other 70%, the mandatories, social security, medicaid, medicare, affordable care acts of the world. the president has not shown any appetite for that. he took it off the table early in his first run. shows no sign of putting on the

table for the second run. if there is no plan on discretionaries, there is no plan at all. neil: if you are again, says he was campaigning for president, reining in entitlements of social security, that is his opinion, i don't know what would make him do a 180 to change that douglas, we'll see what happens. good seeing you again. >> thank you. neil: we've got oil ticking up. we have stocks ticking down. the president is meeting with the prime minister of pakistan over what to do about iran. it is interesting. it is only monday. we're the slowskys.

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concerns neighbor iran. right now talking increasingly bellicose, not only seizure of that british vessel but now arresting what iran claims are 17 cia spies, some of whom have been sentenced to death. the response by the trump administration has been short, to the point. lies and more lies. no indication yet what we're going to do about it. meanwhile we have a very busy week not only on the energy front and iran, china, and a lot of key data, including how the second quarter looked. we have kristina partsinevelos with more on all of the above from the new york stock exchanges. kristina? >> neil, you're definitely right. 10 of 30 dow companies reporting this week. familiar names we'll see on wednesday. facebook and tesla. we're expecting tesla for a loss of earnings per share but revenue to skyrocket compared to last year.

on thursday, very familiar names, amazon, alphabet, intel. we're expecting intel to drop in terms of profit but revenue climbing a little bit higher. on your screen you're seeing key economic data we're expecting this week. new home sales, a lot of economists will look to see if the housing market is stablizing. thursday, durable goods. those are goods you don't purchase as frequently, every few years or so. last but not least on friday gdp for the second quarter. first quarter we saw gdp come in at 3.1%. we're expecting something similar. i want to end on this. there is always fear what is going to happen with the fed and whether there will be a rate cut on july 31st. if we look at the futures market they're pricing in a probability of 76% right now which i like to highlight. this is 76% chance of a quarter point. that is lower than last week which was a little higher. back to you, neil. neil: kristina, thank you very much. no talk of a half-point cut in

rates. thematica research expert on all of this join us, lenore hawkins. lenore, if the beating seems to be three out of four who bet on this stuff, we'll see a quarter-point cut in rates, do you think it was a given? >> based on what we hear from the fed, a quarter point rate cut is pretty much baked in. but the real question investors should ask, isn't 25 or 50, not when's the next cut is coming, how big it will be it is why when we're told the economy is doing so great, is the stock market pressuring the fed to cut-rates and keep cutting rates. economy is supposed to be great, employment is so great, why do we need to cut rates? corporate debt. we cannot handle a downturn. last time around when we had a recession, big thing that crashed was mortgages. this time around the big dappinger is corporate debt. neil: interesting you say that.

elizabeth warren is out with one of her detailed reports, proposes, worried about another financial crisis saying, household and corporate debt is the reason. she leaves out the government debt which is another beast to itself. this is worrisome levels, only thing saves us for the time-being is how low rates are. >> exactly. not like rates are so high that the stock market is pressuring for the rate cut. what happens with corporate debt, everybody after the financial crisis, look at the corporate sector, they have done a great job cleaning up balance sheets. they are very healthy. that didn't last very long. it took 50 years for corporate america to accumulate 3 trillion in debt. today they have 6.4 trillion. that that is not the worst of it, the real problem is most of that debt is tiny bit above junk. that is where the problem lies f we have economic drown turn. it is tougher for companies to

generate cash. tougher to pay off debt. lenders will be less likely to helped because the economy slows and they're worried about the future. the ratings agencies can look at that debt barely above junk, saying this is just junk. pension funds, retirement funds, can't own junk debt. not one or two will be downgraded, we'll see a bunch. if that is downgraded, the funds will have to sell. who will be there to buy? bunch of corporate debt going to junk, no people there to buy, it starts downward spiral, it affects all corporate debt. neil: moder day corporate securities, where there are no buyers for that. >> exactly. neil: the only caveat bulls raise, most big-name companies are their debt is manageable. i wouldn't say, across the board

pristine but not marginal. that much of this seems to be focused on mid to smaller sized companies. what do you make of that? >> yes. you have got, look at at&t. at&t has accumulated a level of debt that has never been in history been seen. the problem really is how all that debt works together because if you get a big chunk of that debt goes down into the junk category, no one is buying it, that creates panic. liquidity dries up everywhere. that creates panic across the board because you have a big chunk of bonds with no buyers that affects everybody. neil: very good point, lenore. i'm glad you reminded folks of that even if you destroyed their a appetite for lunch. >> i'm sorry. neil: no, good reminder. to put into perspective what lenore talks about, that is packaged, you can buy the debt, much like you buy junk bonds, mortgage related securities as

we did at the height of the last real estate runup. until something cracks. all of sudden there are not buyers for that. that is long sold off. you see if someone else wants to buy it f you're suddenly forbidden buying anything junk related or bbb or lower related, then you have got problems. we're not there i just want to posit. the reason we wanted to have lenore talk about that, it wouldn't take that much to get us there. not raining on any parade. just reminding you there are clouds out there. stay with us. or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. no matter what you trade, at fidelity can't see what it is yet.re? what is that? that's a blazer? that's a chevy blazer? aww, this is dope. this thing is beautiful. i love the lights. oh man, it's got a mean face on it. it looks like a piece of candy.

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iran, so timing of this visit is important and of course some polls out. a lot to go over with my buddy liz peek, fox news contributor, very good read of market developments. first of all, liz, the timing of this meeting, this country was apparently cowering in the case of sanctions and the rest, it has a funny way of showing it. it is promising 17 americans or american-related interests have been arrested they're all cia spies, some are getting executed. >> this is a pretty horrible confrontation. i don't know what the exit ramp here is. obviously we want to push iran back to the negotiating table. everything the trump administration has done is to that end. the good news i suppose, now that england is drawn into this, having one of their tankers seized they're probably going to want to redo the jcpoa, the iran nuke deal. neil: you would think iran would know that. that they are shooting themselves in the foot.

>> the question, is this a concerted strategy coming from one place in iran or is it the revolutionary guard versus, who knows, right? neil: got it. >> who knows is in charge with some of these actions. the president talked about we don't really know whether this is rowing elements in the government. this is not, this is a pretty serious confrontation. neil: put it mildly. at any other time, i was talking with stuart, you would see oil prices rocketing. >> yeah. neil: because of our energy independence, at least more independent, not buffetted as much? >> without a doubt. there is fair amount of oil in storage right now. there is ways of circumventing the straits of hormuz. that is the other issue. neil: these are not our waters, they're not, but international waters. you have to pay a toll if you use these waters, ridiculous stuff. obviously we're not going to comply with that. so then what? >> i think, i think the world opinion is going to be more and more on the united states' side

on this, we have film. we're videotaping these attacks. neil: right. >> the fact that people are in international waters. this tanker was not violating anything to do with iran. so they're just lashing out. i guess the more positive read on this would be that actually our sanctions regime is actually working. they are really being driven to pretty extreme measures. whether they will be driven to negotiate, which seems less extreme to you and me, time will tell. neil: time will tell indeed. all of this comes at a time where the president's critics are, i wouldn't say praising him, commending him for his, you know, patience through this. and just trying to step back, not get too bellicose here but it also occurs at a time, there was a "new york times" poll that was out through a number of others that shows there is a big difference in the electoral map versus the popular vote map. in the electoral map, he would

win the electoral vote, but lose the pop vote by bigger margin. what do you make of that. >> this was a deep dive into the 2018 results applying them what we know in 2016, kind of looking at electoral map. neil: particularly states like wisconsin which he is building more. >> deciding that wisconsin is the tipping point state which it was in 2016. it is interesting, that things have not changed that much. democrats would like things to change. for one thing they would like the rust belt to be a promising area for them in terms of making wisconsin not the pivotal state. making texas or arizona more important but a new poll out today in fact by nbc says that president trump's approval rating in the south is better than it was. it has been going up. it is around 54%. it was 52%. better than national standing. so we are really looking again

at the rust belt states. the takeaway from from the story in the "times," i thought, democrats are pushing for high turnout election. they're pushing liberal policies to get progressives -- both parties the primaryies driven by people more committed on edges of politics, tend to be a little more extreme idealogically but in doing that the democrats are basically losing the rust belt support. neil: they are running up the vote in states like california and new york. irony, they do indeed increase their popular vote margin but they end up losing freighter margin. >> probably 5% this article claimed. i think democrats have to stop playing to the coast elites, which is kind of a group they're playing to, with the "green new deal" and "medicare for all," those things that appeal to the people on both coasts. it is the center they have to focus on in every way.

the center is not where they are. neil: i would be rems. if i didn't mention the liz warren detailed plan she think is another financial crisis with debt among corporations and individuals. she didn't say anything about the u.s. government i find interesting. it could happen again. do you think so? >> no. i think safeguards put in place after financial meltdown, particularly capital requirements put on banks which have been thoroughly vetted via incredibly expensive and time-consuming stress tests suggest that is not going to be a problem area. neil: if free fall all debts are off. >> the banks are secure. they are in very good shape. there is not the exposure that led to catapulting effect we had before. there are always things that can to wrong, neil t could happen overseas. you could have a meltdown, i think she is wrong. she is he thering out there a policy every five minutes. at some point quantity is not really quality. in my view i think she needs to take a step back.

neil: in my view of term paper, gave 40 pages, instead of 20 but says nothing. five would suffice. liz doesn't have the problem. as liz and i were speaking this meeting is going on with the president and his counterpart dealing with iranian crisis where they're upping the ante, getting in everyone's face, invading british tankers and the like, some video is astounding. now to respond to that. also how to respond what is happening with these big comedians securing multigazillion dollars deals, netflix for one, host of others, joe piscopo heard about that with his old buddy eddie murphy. said what about me? after this. ♪

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that's the number on your screen. or go to the website on your screen. the buck's got your back. neil: we're monitoring developments at the white house. president is with the prime minister of pakistan. he is talking to reporters. we'll go to that shortly when the tape comes in, saying he had promising talks with democrats and republicans on the whole debt ceiling issue. latest idea to come up with a, flip side not much bravery is

being shown each side protecting what it wants, spending that it wants. we'll likely look at trillion dollar plus deficits for at least a next couple years on top of this. year waiting for details. waiting for details on the huge set meant from equifax. whether the 700 million they're talking about to get it behind them is enough it is raising a whole bunch of questions. edward lawrence in washington with that. reporter: neil, this is largest data breach enforcement action in history. the settlement is at least 575 million. it could reach $700 million. in the settlement, equifax will pay 300 million for a fund offer those affected credit monitoring, compensate people already paid for those monitoring. in addition, 175 million will be paid to 48 state, washington, d.c., puerto rico involved in this action. massachusetts and indiana shows not to be a part of it. finally the company will pay the

consumer financial protection bureau $100 million in civil penalties. if the money in the compensation fund runs out, equifax will add additional 125 million. that is how the settlement could reach $700 million. >> a lot of companies out there holding very, very sensitive data of consumers. i hope this case sends a strong message to those companies that it doesn't pay to underinvest in data security. in terms of what we're doing to watch these companies, the ftc brought over 60 cases involving lax data security practices. we're doing what we can within the bounds of our existing authority. reporter: the reason for all of this, the company exposed personal information of 56% of american adults in a data breach. after identification, in march 2017, equifax waited 76 days to fix it. only after a company investigation found multiple hackers feigned access to the

date when they fixed it. the breach included social security numbers, names, dates of birth, addresses, credit card numbers, some licenses numbers. everything a criminal would need to steal someone's identity. they can get free credit monitoring, exceptization for the time they spent to fix issues related to equifax, six free credit reports starting in 2020. neil: a lot of damage was done. their credit went sinking. thank you very much, my friend. everyone waiting for bob mueller to testify this week on wednesday it all begins. ken starr telling me over the weekend what to expect. who do you think wins that back and for the battle? >> well the republicans should win it if they're effective in cross-examination. and their real weaknesses in the second part of the analysis, especially in light of the fact that i believe that bob mueller, who is a good honorable, guy, taking the law of obstruction of

justice, to well, shall i say into frontiers. he is taking it into outer space. neil: into outer space. liberty file host, "fox nation," judge andrew napolitano. anything sorted out? >> ken starr in 20 years, a great judge, a great prosecutor. a friend. i love him. i disagree with him on the outer space. bob mueller made the same argument about obstruction towards president trump that ken starr made towards president nixon. one does not have to committed underlying crime for one to interfere with the investigation. if that were the case, richard nixon would have been one of the watergate burglars himself in order for him to be prosecuted for interfering with the investigation of the watergate burglars. neil: there has been no crime or collusion proven -- >> it was a bonafide investigation f you're the president, you tell your underlings to lie to the fbi or put a false document in a file

you know will be subpoenaed. that is obstruction of justice, a crime, impeachable offense. that is what the democrats -- neil: won't they eagerly no, why didn't he do anything with that? >> yes. neil: did he feel he was limited? >> yes, i don't know how he will answer that there are three opinions that the department of justice has. one says the president can be indicted in office but you don't prosecute until he leaves. two say he can't be indicted until he leaves. all three say if the statute of limitations is about to run you indict and don't do anything with the indictment until he leaves. that's where the democrats are going to hammer bob mueller in my view. i can hear this question. do you mean to say, mr. mueller, you found evidence of obstruction of justice. if it were donald trump private citizen instead of donald trump president of the united states, would you have gotten an indictment? if he says yes to that, that is banner headline the next day. neil: i'm wondering where it goes though. these things can take a lot of time. we're colliding right into an

election year? >> i think it will probably push a few more democrats in favor of impeachment but i don't think it will push the nation in favor of impeachment. and mrs. pelosi is smart enough to know without a broad, nationwide, bipartisan consensus impeachment will explode on the faces -- neil: they need an ah-ha moment. >> yes. neil: not every american has read the report. you have, judge, but, there apparently going to be revelations or did you know that? >> yes. neil: jerry nadler was saying as much to chris wallace over the weekend. what do you think of that? >> again, depending how they frame it, some of the did you know thats i think will start tell the average listener. then it is the republicans duty to divert attention from that to, did you know they lied and committed fraud to fisa court to start this whole thing? bob mueller, you will say, you know what? that happened in the obama administration. i was in private practice. i had nothing to do with how that started.

i'm only testifying what is in my report. that is what the answer will be which will frustrate the republicans. neil: wouldn't this be to democrats advantage, if that is the case, what do republicans zero in on? >> you didn't find enough evidence it prosecute, did you? no. you didn't find a conspiracy? neil: he didn't because i'm restricted what i could do? >> talking about the so-called collusion which the law says is conspiracy. you didn't find enough evidence of conspiracy between the trump campaign and the russians to indict? right. isn't that the, main thing you were looking at right? end there. most politicians don't know when to stop the cross-examination. they can't resist looking at camera, getting one more question in which explodes in your faces. you will see a lot of examples of that tomorrow. some will get enemies from this. none of them is professional cross-examiner. they know how to get in front of the camera. neil: thank you, my friend.

judge andrew napolitano. this kicks off on wednesday, before two key house committees. last one will be house judiciary committee where the fireworks we're really told going to commence. we'll see. meantime we are keeping track what the president is saying right now in the oval office as he meets with the leader of pakistan, saying when it comes to iran it is getting harder for him, given the country's latest actions to make a deal. could do either way very easily. also talking about the fact that on iran he is going to sit back and wait. we'll see what happens. more after this. .. what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem...

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>> let us see whatever they want to see. we were told they made things better. it is awful how these people are being treated. neil: he wants to meet with the president of the united states. the president of the united states said he would be happy to

meet with senator chuck schumer and soon. all this after the senator's visit to the border. to immigration attorney what fixes we might expect, maybe from that, from that powwow. what do you think, john? >> hi, neil. i think president will get together with senator schumer and come up with some sort of a deal. the president is always negotiating, using every power he has, every tool he has to gain a position of strength to negotiate with the opposite side because he can't get anything done on his own. now he thinks that the democrats have gone to the border seen first-hand what humanitarian crisis or legal crisis, and something needs to be done. he can put pressure on them to act on immigration reform now rather than wait until after the elections. neil: they talk a food game. both sides want to do something like this. i don't doubt they would like to, but they never do. what are we likely left here,

whatever signs we're seeing is being done because mexico is cracking down on this problem, its southern border that seems to be a alleviating things a little bit. what do you think? >> that is absolutely right. mexico has stepped up, under threats of our administration. they have done things to mexico people coming in from the northern triangle countries we simply can't do under our laws. mexico can stop them, detain them, remove them, expedited fashion, most of the individuals made it to the united states we could not do that. mexico is afraid of tariffs and threats the president put on them. that has started to stem the tide. also with the hot temperatures in the southwest. it stems this time of year the illegal border crossings. the president is doing the at edges of the law to stop what he says as huge humanitarian problem. neil: a huge humanitarian problem that built simply over

the last year or two with the throngs that have come over. no way anybody could be prepared for those numbers. i'm not excusing republicans more than i am democrats. but a lot of facilities were built during the obama administration for crowds we suspected would be smaller. when can we get over the political posturing and deal with the crowds as they are? >> that is the point. if the president pushes enough pressure on democrats on the left and we can't have terrible photo-ops of children in these cages in essence. that is what they are. in these fences, in these people being packed into the small border patrol facilities where people were not supposed to be spending 24 hours, 48 hours, now they're spending 30 days there. the optics are terrible. it is tail for both sides. the president is trying to use that to his advantage to get a solution. his solution will be less legal immigration. asylum reform.

refugee reform. he wants to reduce illegal immigration into the country, in boxes he likes and pressure the democrats to give him just that. neil: thank you, john. >> thank you, neil. neil: think about what is happening in costa rica right now. we've seen better than a dozen killed by tainted alcohol. then of course there is everything that has been happening in the dominican republic. ongoing riots in puerto rico. what is a global traveler to do, after this. truecar is great for finding new cars. you're smart, you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price is and you can connect with a truecar certified dealer. now you're even smarter. this is truecar.

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>> the federal reserve is going to cut rates in the next two weeks. what should people think about? is it getting better for people? will they feel an impact? >> i think, for people that have, debt which is based on

floating rates it will come down a little bit. mortgage prices are already down dramatically, from the time last quarter close to this quarter close, the 10-year rate which set mortgage rates went from 2.6% to 2.05% or something like that. mortgage rates have already fallen. i don't think to the average consumer there will be a huge effect. to the markets and to the companies, you know, they will receive a benefit instantaneously. neil: all right. expected move, a quarter-point cut in rates. not a half-point earlier wished for by some. a lot of people look at that, no matter what the bank of america ceo saying as unnecessary, whether quarter or half-point because the economy is plenty strong as things stand. we'll see. judy shelton, the president's pick to join the federal reserve, she is on the record saying it should be half a.cut. already stirring the pot if she were to join that group. let's go to charlie gasparino right now on the

sprint-t-mobile soap opera that might coming to a close. what is the latest. >> we have news apparently moving the stock down, a little bit surprised about that but here is what we to the the latest in the talks. we understand the talks are in their final phase as we reported on foxbusiness.com. likely announcement they could wrap it up, we say if, this thing has been this close 10 times the past couple months, what we understand wednesday or thursday of this week but here are maybe some of the flies in the ointment that sent the stock down as we're reporting. they will divest some assets. dish network, charlie ergen will buy those divested assets and there is a couple things the companies want. the players want some sort of guaranty out offering --er begin, doesn't tell it to a player with better balance sheet than dish. that is one potential fly in the ointment. we understand that is being negotiated. the market is taking this as a

negative, the deal is not finalized and there is said to be some renegotiation over the sales price. if you notice, if you read, any story about dish and t-mobile merger it is said to be a 26 billion-dollar merger. obviously when they divest some assets the merger is not going to be worth that much. that is where we're hearing now there is some renegotiation about price. we'll see exactly what that is on thursday, if this thing does get announced. again, it looks like it is going there. if it feels like a duck, looks like a duck, you got the whole thing, neil. this has been that close before. it is a complicated deal. it is not just making sure sprint and t-mobile, dot the is, cross the ts from the antitrust standpoint but negotiating with a third party, charlie ergen of dish, who is tough negotiator. t-mobile making sure that dish doesn't sell itself to comcast

or charter. they would pose a bigger competitive threat. involving sale of assets, pricing of the new company, very complicated but from what i understand it is the in the last innings, even in the ninth inning this thing could blow up what i'm told. looks like wednesday or thursday. we shall see. i say keep watching, keep reading my twitter feed. neil: there you go. that is a go. charlie, concerned about one thing, so much changed in the world, passed by through this whole merger negotiation you wonder if it's a whole different world into which it is completed if it is? >> that's a great question. they started this merger in april of last year. definitely last year. a lot has happened since then. i think one of the things that has happened, which is why the economic advisors in the trump administration really want this, the competitive threat from china on 5g and foreign entities. they believe, larry kudlows, steve mnuchins, the economic

advisors in the white house, this company together, sprint and t-mobile will be strong enough to compete in that arena. sprint by itself, remember there are four wireless carriers right now of the it is at&t, verizon, t-mobile and sprint in that order. spin is the smallest of the four carriers. it doesn't seem likely they could survive and compete if they don't merge up with someone. that is what the trump administration wants. they want the company coming together to compete in 5g. that is one of the i am pa sus. the other -- impetus. you have people in the antitrust division, telling, makan delrahim, the minute you eliminate a wireless carrier, there is a lot of antitrust implications. you have state attorney generals suing on this tough. delrahim is looking to thread the needle this is on foxbusiness.com, appease the white house, appease his people, the staffers and nullify the state a g-suits by creating this

fourth carrier, he is dealing with charlie ergen who is hard to pin down. when it looks like this late-stage, it is a thursday go, don't believe it until you read the press release. this is heavy-duty gamesmanship at the last hour. we're obviously all over it. if it doesn't happen, hopefully we will break it and if it does, hopefully we will do that too. neil: thank you, charlie gasparino. president, we're monitoring the comments in the oval office. he is moving ton to debt accord and talking about the government not running for re-election. president saying pretty much good. he is terrible and disaster funding was in the hands of corrupt people. more after this. that move us forward. every day, invesco combines ideas with technology,

data with inspiration, investors with solutions. ...

neil: welcome back, everybody. in puerto rico, the protests just keep coming and coming and coming this as the governor refuses to step down immediately because he won't run for

re-election. they're telling him we would actually like you out right now. in hong kong the protesters aren't backing down either seven weeks in a row of this stuff and right now, they're showing no signs of relenting and all of this at a time the dominican republic is trying to move back towards to its country but all of this, as costa rica is dealing with those who have been having to deal with poisoned alcohol. in fact its already accounted for the deaths of more than a dozen. the details are coming up. neil: all right, the queue q & a in the oval office is now over with the president of the united states meeting with his counter part, the prime minister of pakistan and he took off a host of issues talking about the debt ceiling and why he might be coming very close to a deal he seems to find encouraging and also some issues with regard to

iran that he seems to find very discouraging and we got after the bell co-host connell mcshane and elizabeth macdonald and last but not least, jack, so guys at any moment we could be interrupted but jack to you and what you make of how the president might be embracing let's say a debt ceiling issue, that, you know, is a worse budget if you think about it. >> you know, the most important thing for people to remember about the debt ceiling. first of all it's a make believe thing. it's a thing that we make up that could potentially punish ourselves. it doesn't exist if we don't create it and it has the ceiling itself has nothing to do with fiscal conservatism. this is not the moment when we decide that we should spend less and save money here. neil: we just increasing the credit. >> the money is already spend so this is the moment when we decide do we want to keep paying our bills and preserve our pristine credit rating and preserve the value of our currency. so i'm hopeful that cooler heads will prevail.

i think they will by the way. i think we'll get a deal done here, but the most important thing is to get past this debt ceiling. not everyone has to love what comes out of it in terms of the spending. that can be decided at a different time. neil: you know, lindsay, obviously jack didn't know we have the graphics package to go with this. >> [laughter] neil: so i'm wondering let's say we don't reach an agreement. then what? >> well i find it encouraging they are talking about it now because they usually leave it until the 11th hour the day of, or the stroke of midnight. i think this is absolutely right this is governing by crisis, 24/ 7 the american people see right through it. it's really governing by neglect i was thinking about it. we had reagan talking about social security reform. we had ross perot just passing away that was a fiscal hawk, we had al gore talking about lockboxes, but now the debt is so far on the back burner, it's off the stove and i think that the only point we're going to

get anybody caring about it is when they have to raise middle class taxes or cut spend on. >> governor: programs and that's the way you get the american people aware of it. >> the only way we could do that is if the market forces us into that. >> well because the federal reserve broad $4 trillion worth of bonds in the credit market so we're in a whole new world. >> it's just a matter of how long we can stay in that world but i think you were hoping on today but a couple weeks ago he was talking about this very issue and finally said why don't we just get rid of it. neil: well it is uniquely american policy, right? >> yeah. there's no reason you need a debt ceiling. it doesn't serve any purpose. neil: but the last vest age of discipline, is it or no? >> well no because we'll want a trillion dollar deficit this year. by the way, sometimes we use the word debt and deficit

interchangeable. just to be clear the deficit is the amount by which we go further into the hole each year. neil: and we're going at a rate of a trillion dollars a year doing that adding to the debt. >> it wasn't worked in terms of imposing discipline so what good is it doing? neil: and these are good times. liz: you just said something like wow what is the last vest age of fiscal discipline is it the debt ceiling because if the fed raises rates the fed will have to step in in a quantum way and buy even more bonds because of what the havoc that could reek. we know that what really causes the downturn in the markets is an oil price energy shock, a credit boom, bubble bursting or interest rates going up and i don't know, i think we're in a brave new world of whoa with the central banks around the world stepping in in such a big way they have basically, they have undercut the american people, and taxpayers around the world by paying -- neil: flipped it around. liz: by financing government debt. neil: we'll go to the president, but on iran and he has to deal with that that's one of those

black swan developments out of nowhere right? >> the first point about where the markets forced us to act on something it probably will be some sort of a black swan development because we do crazy things in this country when we're forced to. we did a lot of weird things, you might argue. neil: but it usually takes something against the wall. liz: it would be the dollar to watch. nobody cares about that. neil: do you think that's what it would be? >> it's not going to be iran. the good news is whatever problem we're talking ability the deficit and medicare, social security, it is infinitely fixable. this is a rich country with a lot of resources. we just need the world to do it. neil: to the president. >> have you been briefed on that? president trump: i know all about it. i know all about huawei. i know all about the 5g and we're working on it and we have companies that are now getting very very strong in that department. because we're going to have 5g, we'll have the best in the world just like everything else. our silicon valley cannot be

competed with. there's nobody that can compete with silicon valley for the brain power or what we do and nobody was focused on 5g but now they are and we have great companies going into 5g. even if they don't want to, a lot of them were very happy doing what they're doing but now they are going at my request into 5g so we don't need anything from them. [overlapping speakers] president trump: what? reporter: they are reporting about how they relate to north korea. president trump: we'll have to find out. our relationship with north korea has been very good. we've really established a good relationship with kim jong-un. i have personally, there's no rocket casting or missile testing we're getting our remains back. we got our hostages back, and we have a very very good relationship the two of us and that's very important. there's been no nuclear testing want they're doing with 5g will be, we'll have to see. i'll have to find out.

president trump: say it again? reporter: [indiscernible] president trump: i do. i do. well i think we'll have a great meeting today. i know that it's an important meeting and i consider this a very important meeting because i think we haven't met the potential of either country. i think the potential with pakistan and likewise the opposite way we have not even come close to meeting it. there's tremendous potential between our country and pakistan and i think pakistan is going to help us out to extricate ourselves. we're not fighting a war. if we wanted to fight a war in afghanistan and win it, i could win that war in a week. i just don't want to kill 10 million people. does that make sense to you? i don't want to kill 10 million people. i have plans on afghanistan, that if i wanted to win that war

, afghanistan would be wiped off the face of the earth and it could be over in literally 10 days, and i don't want to go that route. so we're working with pakistan and others to extricate ourselves nor do we want to be policemen because basically we're policemen right knew and we're not supposed to be. we've been there for 19 years in afghanistan. it's ridiculous, and i think pakistan helps us with that because we don't want to stay as policemen but if we wanted to we could win that war. i have a plan that would win that war in a very short period of time. you understand that better than anybody. we've been in there, not fighting to win, just fighting. they're building gas stations, they're rebuilding schools, the united states. we shouldn't be doing that. that's for them to do, but what we did and what our leadership got us into is ridiculous, but we will, i think, we'll have some very good answers on

afghanistan very quickly. reporter: mr. president? [overlapping speakers] president trump: go ahead. you go ahead. reporter: [indiscernible] president trump: so we are going to, that's right. we were paying 1.3 billion to pakistan, as aid, for many years the problem was pakistan, this is before you, pakistan was not doing anything for us. they were really, i think, sub verse ever and they were going against us, and this is something, i ended that about a year and a half ago the $1.3 billion, and i tell you

what, to be honest i think we have a better relationship with pakistan right now than we did when we were paying that money, but all of that can come back depending on why we work out. we're working out things that are very important. this, i consider this very important. we're working on things that are very very important and i think at the end of this and at the end of a very short time we're going to have a very great relationship with pakistan and we should. it's a great country. living in new york i have a lot of pakistan friends and they're great people. smart, tough, they are tough. there's no question about that. they're like him, they're tough. i'm not going to be watching. probably. maybe i'll see a little bit of it. i'm not going to be watching mueller, because you can't take all those bites out of the apple we had no collusion, no obstruction, we had no nothing.

we had a total no collusion finding. the democrats were devastated by it. they went crazy. they've gone off the deepened. they're not doing anything or health care, they're not doing infrastructure. they're not lowering drug prices i'm lowering drug prices first time in 53 years that drug prices went down last year. 53 years and i'm doing that without the help of congress which makes it much tougher to do, because if they worked with us i could get drug prices down in half, but the democrats don't seem to care about drug prices. all they care about is a phony investigation, where the report was written. it said no collusion. the report was written and the attorney general based on the report was easily able to find there was no obstruction. there's no nothing. they're wasting their time, and robert mueller, i know he's conflicted. there's a lot of conflicts he's got including the fact that his best friend is comey, but he's got conflicts with me too. he's got big conflicts with me. as you know, he wanted the job

of the fbi director. he didn't get it and we had a business relationship where i said no and i would say that he wasn't happy and then all of a sudden he gets this position but do you know what? he still rules and i respect him for it. he still ruled no collusion, no obstruction, and this thing should have ended a long time ago. this has been going on for two and a half years and we're never going to allow this to happen to another president again because most wouldn't be able to take it on top of everything else we have the strongest economy, we were just discussing this with the prime minister we have the strongest economy the united states has ever had, we have the highest stock market yesterday, literally the highest stock market we've ever had on friday, thursday, and we've broken the record i think 109 times for highest stock market, but on i believe thursday of last week, we hit the all-time highest in the history of our country. our country is doing phenomenal ly well.

unemployment is the lowest in 51 years soon to be the last in history if it keeps going this way in a short period of time. black hispanic asian unemployment, the lowest in history. women the lowest in 72 years. nobody has ever done what we've done. nobody is done in two and a half years what we've done. the biggest tax cuts in history, the biggest regulation cuts in history. so many things for healthcare. we've got rid of the individual mandate, which was the worst part of obamacare and would end up if we end up winning, the house fact, we keep the presidency, we should keep the senate, we should keep the presidency, i would think, easy when you have the strongest economy in the history of our country and somebody's going to run against that particular president, even though in this case it's me. in theory i have a big advantage i don't know i'll have to ask you but in theory i have a big advantage. so a lot of great things are happening but the democrats, they don't want to talk about that. they want to stay off the economy subject and what they're

doing is just hearing after hearing after hearing, it's nonsense okay? they tried an impeachment vote and they got slaughtered last week. they got absolutely slaughtered. it was the most, i didn't even know they were going to do it and i'll tell you just in finishing. i've a lot of respect for the democrats because most of them voted against impeachment and i have a lot of respect for those democrats that did that because they're doing the right thing for the country. no collusion, no obstruction, okay? reporter: is there a deal soon? president trump: yeah, we're talking about it secretary mnuchin is talking about it we're having very good talks with the speaker of the house, with nancy pelosi. we're having very good talks with chuck schumer and of course with mitch mcconnell and kevin. we are, kevin mccarthy. we are i think doing very well on debt if you look at debt limit however you want to define that but we're doing very well in that and i think we're doing pretty well on a budget.

very important that we take care of our military. our military was depleted and in the last two and a half years we've undepleted it, to put it mildly. we have made it stronger than ever before, we need another big year, so we had 700 billion. we had done 716 billion, and this year we're going to be asking for a number slightly larger than that. we're putting our military back into a shape that its never been in before, the best missiles in the world, the best equipment in the world, the best military equipment of all we're building submarines the finest. nobody can even think about competing with what we're building. we're building as you know, new submarines a new aircraft carrier coming online, it's so large that i could maybe land a plane on top of it but it's a big one. president gerald ford, it's a phenomenal thing so what we're doing, what we're doing is

incredible things for our country. i might say this about the military equipment. it's all made in the usa. everything. 100%. it's all made in the usa, and it's one of the reasons our job numbers probably are so good. lowest unemployment, yeah? >> [overlapping speakers] reporter: [indiscernible] president trump: well i can't say that yet because so far it has not been extended and after today's meeting maybe he won't. yes i'd love to go to pakistan. reporter: do you have any exact data [indiscernible]. president trump: are you talking about from afghanistan? >> yes.

president trump: yeah, we have already withdrawn quite a few, and we're doing it very slowly, very safely, and we're working with pakistan and with, as you know, we're negotiating with the taliban and we are doing, i think, very well in that regard. again it's something that we could do. we could go one of two ways. we could do a number the likes of which they've never seen before, and win it very quickly. i don't want to do that. i don't want to do that, because you're talking about millions of people and i don't want to do that. we're working with pakistan on getting a solution and i think, i think it's being worked very well. reporter: [indiscernible] president trump: well i don't know we're moving a lot of them out. we've done what we're supposed to do. we've been there for 19 years and we've acted as policemen, not soldiers and if we wanted to be soldiers it would be over in 10 days, one week to 10 days but

i have not chosen that. why would we kill millions of people. it wouldn't be fair, in terms of humanity it wouldn't be fair so we're doing very well and pakistan is going to be a big help. reporter: [indiscernible] knew you see this is the closest we've been and there is no solution in pakistan, because as the president says if you go all -out military there will be millions and millions of people who will die so there is only one solution, and i feel that i think we will discuss this, it's the closest we have been to a peace deal, and we hope that in the coming days, we will be able

to, as the taliban, speak and come to a political solution. president trump: and what the prime minister, excuse me. what the prime minister just said is a very big story, and it's 100% true. we made a lot of progress over the last couple of weeks, and pakistan has helped us with that progress, we've had a lot of great things happening. a lot of things are happening for the united states and i think a lot of great things are happening for pakistan too under your leadership. >> thank you. reporter: [indiscernible] president trump: i think iran doesn't know where they are. i've been watching and reading a lot of reports, and right now, they are a very mixed up country they don't know whether they're coming or going. they have tremendous problems economically, their country is in turmoil and having demonstrations all over iran. their inflation rates at 75%. they have a lot of problems, so

whatever it is it is. i'm just going to sit back and wait. let's see what happens but i will say they are doing very poorly as a country and we'll see what happens. we did actually, because they said no and it's a religious country or religious leaders but they lie a lot. we did shoot down, unfortunately , we had to shoot down a drone. the drone came down, you know how it came down, with a new technology that's actually quite amazing, but we took down one of their drones, instead of saying, they lied and said it didn't happen, so we have there's a lot of proof. it's called take a look at it on the ocean floor. just go down there and take your scuba gear and go down there. one of you would do that, i know , but we took down a drone. i think very importantly, i read a report today about the cia that's totally a false story. that's another lie. they put out propaganda and lies i don't think pakistan would ever do a thing like that, right

pakistan never lies. but iran does unfortunately, so let's see what happens with iran we are ready for the absolute worst and we're ready for sense too but we are very geared up and they are really the number one state of terror in the world and i have to say they've pulled back because their money is running very low. the deal that president obama made was a disaster, because it was such a short-term, it didn't cover ballistic missiles, and they couldn't see the important sights. under this you couldn't inspect the important sights so many things are wrong and of course they gave $150 billion, plus 1.8 billion in green. green, beautiful cash. that's called many plane loads of cash and i think pakistan would like to have some of that cash but they gave $1.8 billion in cash, which is unthinkable, and instead of being respectful and thankful, which frankly,

they should have been to the united states, and to president obama, for making that ridiculous deal, instead of being respectful, they put their finger up in the air and this finger, the thumb, and they put their finger up in the air, and they disrespected the united states. they shouldn't have done that. it was a big mistake. one of the best things i've done is terminate that ridiculous deal. if they want to make a deal, it's frankly it's getting harder for me to want to make a deal with iran, because they behaved very badly. they're saying bad things, and i'll tell you, it could go either way, very easily. very easily and i'm okay either way it goes. go ahead. are you from pakistan? because i want a couple of pakistani reporters. i like them much better than our reporters. reporter: the question is what

do you think pakistan could do in a year and you have so much hope now that you could deliver. president trump: you mean what they didn't do to end the war? well i don't think pakistan, look i don't think pakistan respected the united states. i don't think pakistan respected its presidents and i think pakistan could have done a lot. i think pakistan can do a tremendous amount against with respect to afghanistan. they didn't do it and i don't blame them because they were dealing with the wrong president who knows, but i think pakistan could have done, they're helping us a lot now. i think they could have helped us a lot in the past but it doesn't matter. we have a new leader whose going to be a great leader of pakistan and we have a new leader here, sort of new, two and a half years, you'll find time flies but no i think pakistan could have done a lot but they chose not to and that's because they did not respect the u.s. leadership.

i'll let you know that very quickly. i'll let you know. i'm going to know soon. it's not going to be like a long term thing. i figure thins out very quickly, so the question was and that's probably the best question you've asked in a long time. you're always asking mueller mueller mueller. she's been asking this mueller thing for three years. that's your best question. i have to focus on that because that's such a great question. i think pakistan is going to do a lot. i really do. i think pakistan is going to make a big difference. i think pakistan will save millions of lives in afghanistan because i believe that they have a power that other nations don't have with respect to afghanistan and i will say as of this moment they're working very hard and very nicely. reporter: the protesters in hong kong and these ongoing protests being beaten by gangs and essentially the hong kong and

the chinese government have you seen that? anything in china? president trump: well i have i know that president xi is working on trade deals right now we'll see what happens, and there's billions and billions of dollars of tariffs which is fine with me, but i know that they're working, i know that's a very important situation for president xi and, you know, you could say what you said but you could also say that he has allowed that to go on for a long time and you know, its been relatively, i think its been relatively non-violent. reporter: do you agree they should be allowed to protest on the streets in hong kong? president trump: well they have. they are. i don't think china's stopped them. china could stop them if they wanted. i think again i'm not involved in it very much but i think president xi of china has acted responsibly. very responsibly. they've been out there protesting for a long time. i've never seen protests where you have that many people. it looks like 2 million people.

those are big protests, but i think that, i hope that president xi will do the right thing but it has been going on a long time there's no question about it. >> [overlapping speakers] reporter: [indiscernible] >> number one, this is the longest war that the united states has ever fought.

number two, i am one of those who always believes there is a solution, because anyone who knows the history, you just have to look back at the history. there was always going to be a political settlement at the end, and i have to complement president trump because he has not forced people to end the war , to have a settlement and that's where i think pakistan is playing a very important role, because pakistan has a 1,500- mile border and areas where the trouble is which is the eastern side, so this is a critical time, i'm looking forward to my talks with president trump. we have our military leadership here, because this is obviously a security situation, and what we want is understanding between the two countries.

i can assure president trump that whatever we will be saying will be straight with them, there will never be any question of any doubt on pakistan's intent, because apart from the country that wants more than any other country is pakistan, because we get directly effected by it and pakistan needs stability. we have had 15 years of fighting this war on terror, but 70,000 pakistani's over $150 billion lost to the economy, so we desperately want peace and i'm happy that president trump has pushed this forward, so we are looking forward to that. >> [overlapping speakers]

reporter: [indiscernible] >> i will be asking president trump, it's the most powerful country in the world, the united states and it can play the most important role in bringing peace in the sub-connect and there are over a bill and billion and a quarter people and i feel that only the most powerful state headed by president trump can bring the two countries together , and from my point, i can tell you we have tried our best. we've made all overtures to start dialogue and all of our differences through dialogue,

but unfortunately we haven't made head ways as of yet but i'm hoping that president trump would push this process. president trump: so i was with prime minister modi two weeks ago and we talked about this subject and he actually said, would you like to be a mediator, or arbitrator and i said where? he said this has been going on for many many years and i was surprised at how long its been going on. i think they would like to see it resolved and you'd like to see it resolved and if i can help i'd love to be a mediator. it's impossible to believe two incredible countries that are very very smart, with very smart leadership, can't solve a problem like that, but if you would want me to immediate, or ash it trait, i would be willing to do that. >> president, i can tell you that right now, you will have the prayers of over 1 billion people if you can immediate and resolve this issue. president trump: it should be resolved but he asked me the

same thing so maybe we'll speak to him or i'll speak to him and we'll see what we can do because i've heard so much about cashmere, it's such a beautiful name. and such a beautiful part of the world but right now there's bombs all over the place. they say everywhere you go they have bombs and it's a terrible situation, been going on for many years. if i can do anything to help that let me know. let me give you one thing on afghanistan as an example. so a lot of you don't know this but we dropped the largest non- nuclear bomb ever built in history. we dropped it in afghanistan. we were getting ready to make many of those bombs. this left a hole that was, it took out a lot of the tunnels but it left a hole in the earth that looked like the moon. it looked like a crater from the moon. it's still there. it was nobody has ever seen anything like it. people heard it 15 miles away and they said what was that? it shook the earth. non-nuclear the largest ever made by far, and they were going

to make many of them and i said no. i don't want to drop that. i don't want to do that. so many easy solutions . that's actually the easy solution and they'd come in and say let's have peace but you don't have to do that. i think we're going to be very successful without having to go that route, and i've tremendous confidence in the prime minister i have one or two more, go ahead , please. reporter: [indiscernible] president trump: go ahead. >> pakistan as if they have one of the freest presses in the world. all you have to do is since i've

been the prime minister the last 10 months i have the criticism i've received from my own press, unprecedented, so to see the curves of the pakistan president is a joke. president trump: wait a minute. wait. wait. there's no way you're treated worse than i am. you'll have to speak because i didn't hear your words. reporter: [indiscernible] president trump: freedom of the press? oh, yes. we will do that. we're talking about hostages, we're talking about hostages being held in various places, i've had very good luck with hostages with north korea, with many places they've treated us with respect and i appreciate it , made a big difference. we have two or three hostages that we're talking about that's

one of the gentlemen that we have heard about, and we will be discussing that with many other subjects. yes? reporter: president trump, we will be giving you good news about the two hostages. president trump: thank you. reporter: offer overlapping speakers] president trump: go ahead. can you ask it again? reporter: [indiscernible] president trump: well i think they're very bad for our country i really think they must hate our country and i think the four congressmen we're talking about, the congresswoman what they've said about israel, what they've said about our country, when they talk about discussing people and when they talk the way they talk, when the one mentioned that brown people should speak for brown people

and muslim people should speak for muslim people and you hear all of this it's not what our country is all about. no, i think they are very bad for our country and very bad for the democrat party. i think you see that, and they're pulling the democrats way left. nobody knows how to handle them. i feel they're easy to handle. to me they're easy to handle because they are just out there and very bad for our country, absolutely. i don't think, no, no, no racial tension. there's no racial tension, look. i had my best numbers recently, and it's because of the economy, and what i've done for the african american, when you look at the african americans are doing better than they've ever done in our country, we're creating numbers, look at the poverty numbers. look at so many different, look at the unemployment numbers, the best they've ever had. no, we have fantastic relationships with the african american community. i think you'll see that certainly you'll see that in 2020 i believe.

reporter: they say you're going to win the election and you're obviously confident about that and sir you also have a big role against corruption in pakistan. president trump: well i think he's going to win and i think what's going to happen because you've got a little ways to wait but i'm going to campaign for you and i'll win this. >> [overlapping speakers] reporter: [indiscernible] president trump: i agree and think that's very true and it's actually a very good question. the answer is yes, i see greatness with pakistan and i'm not talking about a little bit. we can even go 10 and even 20 times what we're doing. pakistan is a big country. it's actually a very big country

and they have tremendous product they make great product and they make pretend us, i've bought from pakistan when i was in the private sector, they make incredible product, brilliant hard working people i think we'll have a fantastic trade relationship. i don't mean we'll increase it by 20%. i think you could go literally it sounds great. you could go 10 times more or 20 times more because what we do right now is not much and we should do a lot so i think and i also do agree that that has so much to do with great peace, having a great trading relationship has so much to do with peace and extremism in this case, i expect that we will, within a very short period of time, start having very significant trade with pakistan. reporter: is there anything scheduled at this point since you met with kim jong-un? president trump: no, just have a very good relationship and probably would like to meet and we'll see what happens. there was a little correspondence recently, very

positive correspondence with north korea. again there's no nuclear testing , there's no missile testing, there's no nothing. i think we will, yeah, to a certain point when they're ready , we'll be ready. go ahead. reporter: [indiscernible] >> well that was discussed so that would be for afterwards. president trump: we'll be discussing it.

reporter: [indiscernible] do you think that the u.s. will be playing a role? president trump: i think i can very well have a very good relationship with prime minister modi, and i think we'll have a phenomenal relationship with the prime minister of pakistan. i do think that it's a two-way street. you say india is coming in and destabilizing pakistan but india is saying that pakistan is coming in and destabilizing, so there's a lot of room right there where we could meet. i think you had a question on puerto rico? did he step down? look, he's a terrible governor. i think you have an even worse mayor of san juan. she's horrible. i think she's horrible. i watched her. my people did nothing but complain about her when we helped with a hurricane problem. the mayor of san juan, puerto rico is a horror show and she's incompetent, grossly incompetent

and at the same time the governor's not good so the united states congress, you won't leave this, please close your ears because this would be, gave puerto rico $92 billion last year, for hurricane relief. now they haven't gotten the money, all of it but they got a lot of it but they are scheduled to get the congress of the united states handed them $92 billion, and that $92 billion is in the hands of incompetent people and very corrupt people, but the governor 's done a terrible job, and the mayor of san juan, she's horrible. i think she's just terrible and so bad for her people and i think the government of the united states has to be careful. i'm the best thing that ever happened to puerto rico, because we did a great job in puerto rico. they don't like to give me the credit for it but we did a great job. i have many puerto rican friends i have a real understanding of puerto rico. i've had jobs in puerto rico. i had i think the most

successful i owned the miss universe contest, the pageants, and we had them in puerto rico twice and i'll tell you we had tremendous success. in fact, they said literally 100 %, this never happens, i think it was close to 100% of the island itself was watching. they like those, so i've had a great relationship with puerto rico. i'm the best thing that ever happened to puerto rico, but congress has given them $92 billion, pakistan would like some of that, not 1.3, because pakistan was getting 1.3, $92 billion and the money is squandered and wasted and stolen and i'll tell you what the senators are not happy about it and congress is not happy about it because you really do. you have incompetent, totally grossly incompetent leadership at the top of puerto rico. the people of puerto rico are great, and the people of puerto rico, like me, and they should because nobody has given them

what i give them, but the leadership is corrupt and incompetent. thank you very much, everybody. >> thank you. president trump: thank you. thank you for everything. neil: all right, hardly short and sweet here, but you did hear the president talk on a variety of subjects in the case of perfect typing, given everything going on in iran right now. the prime minister of pakistan with whom he has promised a great deal of cooperation going forward and presumably with some help on iran. when it came to that country right now, getting as provocative as all get-out the president maintaining what he calls a wait and see approach.

president trump: frankly it's getting harder for me to want to make a deal with iran. they're behaving very badly, saying bad things and i'll tell you it could go either way very easily. very easily and i'm okay either way it goes. neil: let's go to jack keane in all of these developments, but all of these hotspots that are increasingly a lot of woods right now. general, the president kind of waiting to see what iran does next but every time we're waiting for something next, it's something bad. what do you make of what's going on? >> well clearly, the president is right. iran has got major problems. we have been successful with the offensive campaign. the politically diplomatically and economically isolate them and the economy is crippled by the maximum pressure with sanctions, and we've got a major defensive campaign going with putting more troops in the region, making sure iran gets the message that this is

significant military force here, we want that to be a deterrent for them taking military actions against our troops, and we're also stitching together secretary pompeo and the military commanders in the region, a coalition to protect the shipping as it goes through the persian gulf and the separates, that hasn't been completed yet, but it's a work in progress and obviously, iranians took a british thank you here the last couple of days because it was not protected properly but yes, iran is lashing out but they're not consistent. i think they are coming at it from a position of weakness and i haven't seen them be as inconsistent as they are now. neil: you know i'm so your just why they are being this way in the firstly that is iran and especially with countries that had still signed on to that deal , hadn't broken that deal, britain comes to mind. they taxed the patients of

emmanuel macron of france desperately trying to keep that deal afloat so they are hurting themselves. >> that's my point. they tried to blackmail them into provide an economic resistance of the europeans because they exceeded the you're un yum enrichment quota and the europeans said no, we're not going to comply with that and then to take the british tanker, and the uk clearly was along with france and germany, and their willingness to stay in the nuclear deal. there's enormous pressure on the brits now. new prime minister coming this week, neil, as a result of the election of a new conservative party leader so by the end of the week we'll have a new prime minister. job one will be what to do about the british tanker that's been seized, what to do about iran. i hope that they move in the direction of the united states to assist us with maximum sanctions, once and for all, and come out of that nuclear deal. the french and the germans they

want to do business with the iranians and it's pretty shameful given the iranians behavioral these years but that's kind of where they are. i think if the brits move out that deal collapses and the french and the germans will come along with them at some point. neil: general thank you very very much. i apology it's breaking news and the president's comments we're following that very very closely in the meantime we've got the dow up about 19 points following other developments we've not forgotten the rest of the world. what do you think of very popular stars who sign these multi-billion dollar deals like eddie murphy eying a comeback, presumably a streaming comeback, after this.

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>> ♪ ♪ neil: whose that guy? anyway, tmz is reporting that eddie murphy, and netflix are in talks for $70 million standup special to yeah, you know that guy, joe piscopo, one of the grates of snl, and good friend of eddie murphy. i understand you got this other $70 million. >> yeah, okay, eddie? do you mind if you maybe write a check? neil: [laughter] 70 million wouldn't cover it, but look. >> [laughter] neil: kidding i'm just kidding. it's great to see you. what do you think of this? >> i think it's great.

i think it's great because he got the mark twain prize a couple of years ago, but he stepped on stage, he hadn't done standup, and chris rock was back there, george lopez we're all back there it was like the mount rushmore of comics and we're back there waiting for eddie to do something funny. he took that prize and everybody waited and said didn't you give this to bill cosby anyway. neil: are you kidding me? >> oh, he went on. he's a genius. neil: but he's been keeping a low profile. >> you know, i think again i don't know, i can't speak for eddie but when i saw him he was calm, he's got 10 kids i've got five. i've got to catch up a little bit. you know? neil: but the two of you were great together and it was a great chemistry. >> neil i'm very bias for my love toward eddie, because i came up with him. he was 19 years old and he would say things to me like i'm going to do buckwheat. i said you can't do that. that's as politically as incorrect. i'm going to do a black version

of mr. rogers. and he does robinson and it was so funny. neil: you had some sinatra versions that were not g rated. >> james brown, the hot tub, you know? neil: you've got to pursue this netflix thing because even subscribers are still paying. >> yeah, to do something. neil: standup or whatever. do you do that? >> i would, sure. [laughter] neil: well you're a big dude now you get in sited to this big trump fundraiser. >> we were there friday night at bedminster, i was at the vip, but not the vip vip. i was getting in everywhere and i got placed outside because it was the president was coming and they didn't want to press it but it was great. he was great. neil: was it at his club? >> it was at his club. neil: do you golf? >> no. please i look great. neil: you do, yeah. >> but we ended up, we wanted to leave early actually we borrowed -- neil: whose we? >> me and mr. ray chambers i

hope he doesn't mind a wall street icon who dedicated his life to helping at risk youth and we stole a golf cart and got out of there early. neil: that is a crime. you stole a golf cart. >> [laughter] i stole a golf cart. you can't take the jersey off a guy. we're at this upscale fundraiser for the president of the united states and ray and i said you know, this is going to be forever, the valet line was long , the other line was long and the secret service was looking at me going oh, my gosh, i think they're stealing a golf cart and they let us go. neil: now you got to see the president obviously. he crashed a wedding there he does that when he's there. >> can i say too whether you like him or not i wish everybody could see the way he was at this fundraiser. he was relaxed. he was home. he was measured. he was presidential. and he just spoke like thank you , for being here. it was loving and my friends and then he goes like this. my friends are here and then he said where's joe? now i kept quiet. i should have stood up and said hey i'm here but then he would

have said no not you, joe. the other joe. so i kept my mouth shut but it was so presidential, and inspir ing for me to see the president. neil: did you have to pony up bucks? >> no, i didn't pay a dime. i'm a wedding crasher. neil: you are the traffic draw. >> [laughter] neil: but he loves going back. >> when he started walking up to the podium you could see the love in the room and this is an objective statement, then it was love and i'm telling you, they love the guy. they loved donald trump and he was great and he was gracious and i said to corey lewandowski on my show this morning and rick kline, i said to these guys -- neil: did you drop a name? >> i did, do you mind? neil: no. i give you plugs all the time. neil: i listen to your show. >> it would, you can rand paul it was a wrestling match, because rand paul and john

stuart? neil: you were there. >> i'm trying to pull my hair. i watched that thing on rand paul. neil: you had a great time. you had a great time. >> it moves. neil: can i mention something that won't get us in legal trouble? just as you predicted the high taxes are chasing people out of these high tax states in new york we have a good man it going down to florida and new jersey similar pattern. that's very true. leaving by thousands in new york and new jersey. neil: the only ones left were the ones at the club. >> i have no idea. i have to go now. oh, look at the time. neil: get out. >> but it was great and i was there and then i got to talk to governor christie, a great talk with governor christie. neil: oh, he was there too? did he and the president speak? >> yes he called him up. neil: and got after his book it was a little friction? >> no, so did i. i said where's chris, come on up and then governor christie was

great and we had a great job, commissioner kirk was there and then all of the big guns, and they kicked me out of that room so quick. i was not in the vip. neil: you should be the big netflix sign see next time. i always told people to wash their checks. >> last time i called my agent they said whose this? >> [laughter] you know who you're talking to, baby. >> [laughter] neil: you know, i always after your visit it's not just from your family. they love you. thank you because my radio show with al, frank, and debbie is doing great. neil: it should be because of you. i have to go to commercial. >> thank you. neil: more after this. -driverless cars... -all ground personnel... ...or trips to mars. $4.95.

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neil: renegotiation of a 26 billion-dollar price tag. this much we do. they're sort of dipping a little bit post that report. charles payne to take you through the next busy hour. charles: neil, appreciate it. good afternoon. i am charles payne. this is "making money." stocks on hold waiting for huge earnings reports like, facebook, alphabet, google. one sector is rocking today after a major wall street upgrade. president trump saying a report that iran has arrested 17 cia spies has zero truth to calling iran a total mess. we'll have the latest there. protests erupting in puerto rico. one of the biggest ever on the u.s. territory. the islanders vow to drive out their corrupt governor. we have that and so much or on