$100,000 in debt for atheater arts or liberal arts. a liberal arts can teach you to calculate. david: that does it for bull bulls and bears. liz: u.s. stocks bouncing back after the president said china is ready to deal. we have don lufkin on how weak china really is. experts agree that the media and america needs to wake up, china tase national security threat. is president xi waiting it out maybe to do a deal with joe biden who doesn't think china is a problem. to the other blockbuster news.

we'll ask general jack keane on whether president trump could get a new nuclear deal with iran. french president macron is proposing a meeting with trump and iran. we'll show you the media doing the heavy lift for the 2020 democrats. they say trump is ruining obama's strong economy -- econo. another mexican journalist murder after reporting on corruption in mexico. this after the massive seizure of fentanyl head into mexico from china. the 2020 democrat raising eyebrows. he's trying to argue that president trump is a threat too the border. elizabeth warren overtaking joe biden in a new poll. she is now taking shots sat biden.

also this debate. will birden's campaign put his appearances on ice again after his new and shock mistake. republican joe walsh challenging trump for the nomination saying he's unfit for office and is a racist. but we have joe walsh's string of racist tweets. the justice department may decide whether to indict andrew mccabe. you won't believe what we found. thanks for joining us. president trump says officials

in china expressed interest to get back to the table. >> president trump saying china wants to make a deal quote very badly with the u.s. he says he received two phone calls following his announcement friday he would be hiking tariffs by 5% on $550 billion in u.s. imports. china saying they weren't aware of those phone calls, but they do have an interest in restarting raid talks. >> the vice chairman of china came out that he wants to see a deal made. he wants to be made under calm conditions. i agree with him on that. china is taking a hard hit the last number of months. they lost 3 million jobs and it will soon be much more than 3 million jobs. their chain is breaking. reporter:

>> we are take china right to

the age of chaos. we are putting them under so much pressure. it will result in their own ruination if they are too stubborn to do a deal. the number 63. 63 billion dollars a year is the value of the tariffs that were announced a year ago april 2. see far $63 billion a year. since they were announced, the chinese current sir has collapsed. by about 12%. given the total basket of imports tighten united states from china, do you know how much that discount is worth to us? $63 billion. china is perfectly offsetting the tariff costs to the u.s. consumer. with all these tariffs we are not seeing any inflation.

liz: i need to jump in here. they are offsetting it by weakening their currency. here is what china should have followed mexico and canada in getting concessions fast. when they weaken their currency that slams their own middle class consumers. when you weaken a currency by what you just said, that hurts china's gang of middle class consumers. >> hurts in every possible way. when your currency weakens by 2%. that's like your government saying anything you do is going on sale to foreign buyers wet were you like it or not or can afford it or not. whatever you have to trade with the rest of the world is 12% less valuable and what the world has to sell to you will be 12% more valuable. so china is going to get hit by

the wave of inflation we are avoiding. there will be riots. liz: china has bern called the people's republic of enron. here is the thing. what the media is not reporting is what you just said. our u.s. consumers are firing on all cylinders. target is seeing its best sales since 2005. the yuan is collapsing to 2007 levels. >> the reason why it's collapsing. any elementary financial textbook is going to tell you one country puts tariffs on another and there is a trade deficit between them.

the currency will recalibrate. this is one of the few times in history the textbooks are actually right. the chinese currency plunged to that level you are talking about when trump announced the tariffs. that's the level they have been defending during the crisis of 2008 and 2009. they are through that defense barrier. they are over the river, and we don't know if we know how to swim and they don't know either. liz: here is the thing, china is a national and economic security threat. that's what the president is saying. it wants to dominate the global economy. the made in china 2025 initiative. president x, is president for life. -- president xi is president for life. he probably can't wait for trump to get out.

>> if that's a bet he's going to make, he sure better win the. if he doesn't like trump now, he certainly won't like trump if he's mad. but what if you are negotiating with elizabeth warren? she is pretty tough, too. if i would rather negotiate with trump. liz: warren warrants warrantso - unions at the table. let's get to jackie deangelis at the big board. reporter: lots of headlines shake things up on china trade progress. the president coming out of g-7

saying china does want to make a deal. there was a statement from china saying it wants a peaceful resolution. this is what the market wanted to hear. it's wait has been waiting for. it did cause a little calm today. the dow was trading up at the close. of course, it was a volatile weak with the announcement from the president that he would increase tariffs on china that were already announced. but it looks like some progress has been made even thought it was a tough back and forth. they are hoping the deal will be done in the next few weeks and markets will be watching closely. liz: next up, retired general jack keane on president trump saying he is open to president

macron's proposed meeting with iran. later the liberal media doing the heavy lift for the 2020 democrats, now pushing the narrative that president trump inherited and is wrecking obama's healthy economy. that story coming up. do you have concerns about mild memory loss related to aging?

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liz: iran claims it did sell oil from the tanker that went to syria. reporter: the iranian tanker is under way to an undisclosed destination. the state department says it's owned by the shadowy iranian national guard. iran continues to hold a british tanker and 23 crew members captive. gibraltar let the tanker sail under a new name. and they won't disclose who

purchased the oil. >> we sold the oil. we believe that the owner of the ship will take it to where it's supposed to go and we are not inform of its final destination. reporter: it had been head for greece, but the nato allies said it was not welcome there. this comes one day after iran's foreign minister made a surprise visit to the g-7 summit at the request of the french government which is trying to broker a deal to help save the nuclear deal president trump pulled out of last year. over the weekend israeli forces launched airstrikes against iranian proxy forces. lebanon, syria and iraq.

liz? liz: president trump said he would be open to french president macron's proposed meeting with iran, but under certain conditions. >> if the circumstances were correct or right i would agree to that. but in the meantime, they have to be good players one understand what that means. and they can't do what they were saying they are going to do. if they do that they will be met with violent force. they have have got know choice. >> let's take it up with general jack keane. great to see you, with general. what do you think, a nuclear deal with iran? >> we want more than a nuclear deal. that was the problem with the original one. it provided a threshold for nuclear weapons after 15 years, but it never dealt with iran's ballistic missiles. this president wants to discuss

all three things, no nuclear weapons and no ballistic missiles, and you have to change your behavior in the region. when secretary kerry negotiated with the iranians, they took their behavior and ballistic missiles off the table or they wouldn't sit down. liz: why did the iranian foreign minister show up at the g-7? >> i think it has to do with president macron. his popularity is in the take. i think he was doing grandstanding for his domestic audience. clearly, he's trying to place a statesman here to bring the united states and also the iranians together. he likely dropped this on the

president when they had an unscheduled impromptu launch the day the president arrived. the president of the united states is holding all the cards here. he doesn't have to rush into anything. the iranians are back on their heels in a way they have not been in 39 years. the president can drive this thing, set the right conditions for their discussions. and make certain those conditions will be abided by so we are not just having a grip or grin thing and the iranians get a deal out of it. liz: the president saying he may present a peace plan for israel and the palestinians. i want to show -- before the israeli elections in april. let's look at the disturbing video of three rockets that were launched from the gaza strip exploding over a music concert

in israel. watch this. israel is tweeting in response. israel will not hesitate to defend itself from hamas or the quds force in syria. it has been setting off i.e.d.s, waiting for israelis to walk by and detonating them. it killed a 17-year-old girl and her brother is on life support. her father house a rabbi is really struggling with this. >> hamas is a terrorist organization funded by the iranians, and it runs the gaza strip. it's the political leadership of the gaza strip. that's why it's so hard to fathom any peace agreement

that's possible given the current state of affairs where you have hamas which refuses to recognize israel's existence but is work every day to destroy israel. this is a lingering problem not going away anytime soon. likely a response to the fact that israel attacked three iranian proxies over the weekend. one in lebanon, one in syria and one in iraq because they are encroaching on israel's security. liz: thank you for your service to our country. appreciate it. we have got our eyes on several other stories tonight. the g-7 nations close to agreeing to a $20 million fund to help stop the devastating fires sweeping across the amazon rain forest. the money would pay for firefighting planes to drop

water. they are declaring it a global emergency. it's unclear on whether brazil will take that money. but brazil is deploying 40,000 troops to put the fires out. the faa is investigating a plane crash in santa barbara. miraculously all 7 people on boardwalked away unhurt. it did experience hydraulic problems shortly after takeoff. to news wait for it, vegan fried ching. it would be the first u.s. fast food chain to do this. kfc will do a test run of vegan fried chicken at one of its

atlanta locations. finally, quarterback andrew luck of the indianapolis colts announced he's retiring. injuries took a toll. the 29-year-old felt like he couldn't live the life he wanted. word is he's potentially walking away by as much as $500 million. but echo end upkeeping $25 million. he earned nearly 1 $100 million during his career. a news analyst on cnn said president trump maybe responsible for more deaths than hitler, stalin and mao. what?! i'm here to steal your car because, well, that's my job.

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liz: you are watching the fox business network. brian seltzer is arguing the 2020 democrat narrative. he says president trump is blowing up barack obama healthy economy. >> trump immediately started blowing up the debt with tax cuts. god help us if we do have another recession. liz: he's threatening recession. what's your reaction to this? >> it's a little simplistic. we grew on average 1.9% a year from 2009 to 2016. and the growth has been 2.6% the last two years. i think it rollback in regulations had more to do with the growth. and the tax cuts helped too.

but there is an idea because we had tax cuts if the economy ran into trouble, and i am fairly certain one day it will, that we won't have any tools in the tool box. the most of important thing about the tax cuts is for companies to expense equipment. so actually the tax cuts become more valuable when we are in a recession than they are right now. liz: that's an important point you just made. a recession-fighting tool. brian seltzer doesn't mention and we mentioned, lowest jobless rates since 1960s. a record 7.5 million infilled

jobs. up more than 4% since president trump took office. here is the thing. to your point about obama's growth. gdp averaged 2%. obama has the worst growth since truman and it's the smothering pillow of hyper regulation. he doubled the debt. he had federal reserve help. he had the worst growth since the 40s. >> i don't break out the economic growth with the president. but one big difference between the economy under president obama and trump was the reversal we saw in regulation. and that was really significant. if you go to the national association of manufacturers website you can look at the rollback in meaningful

regulations and smaller regulations. if you run that against the manufacturing index, you see that they both took off as regulations came back down. >> let me back up. even the "new york times" criticized obama's slow growth warning the underlying reality of slow growth will haunt whoever wins the white house. watch this. >> the first thing that people want to look at is where they are getting their information about the economy. and that's really different today. there is a sizable number of people that feel the media makes things about the economy sound worse than they really are. liz: you talk down the economy, take a shot at consumer sentiment and confidence. 70% of the economy is the consumer.

what's your reaction from anthony. >> i think they may be highlighting negative aspects of the news depending on what's driving the narrative. but that's true all times of news. we don't have a lot of good news stories on the news. but in terms of consumer confidence, i think consumers pay more attention to what's happening in the job market. you think jobs are plentiful, hard to get or not so hard to get. the number of people who say jobs are plentiful has taken off. the number of people who think jobs are hard to get have dwindled. and you have got to -- especially when you think about the network news. liz: leading economic indicators don't show a recession on the

who are are you -- on the horizon. another mexican journalist murdered after he reported on corruption in mexico. but a 2020 candidate says the biggest problem is not the drugs coming over the border, he says the biggest problem is inside the white house, president trump. its show of strength or its sign of intelligence? in crossing harsh terrain or breaking new ground? this is the time to get an exceptional offer on the mercedes of your midsummer dreams at the mercedes-benz summer event, going on now. lease the gla 250 suv for just $329 a month with credit toward your first month's payment at the mercedes-benz summer event. mercedes-benz. the best or nothing.

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2 to 3 milligrams of fentanyl can kill you. your reaction to all this? >> mexico like the united states is comprised of a number of different states. some individual states are more corrupt and have more crime than others. but the federal government of mexico is cooperating with the u.s. and president trump to address the border issues so many of these drug smugglers don't reach our border, unfortunately many of them are. it's just another reason why we need to secure our borders. liz: the 90-day period when mexico needed to drop and get the numbers down of illegal apprehensions pouring over the border. i think the number is 43% month over month. we'll see what the president

does are mexico. the newly released drone footage of 60 miles of border wall in arizona. the acting border commissioner says this about the progress of building the wall. >> every single mile of wall that's built, the operation capacity of border patrol goes up. it increases their ability to safeguard this country. liz: over a million fentanyl pills were seeds in arizona alone this fiscal year. that's triple the amount seized last year. >> evidence has shown us walls and fences work. constructing these walls is a step in the right direction. of course, we need for more. we need comprehensive immigration reform. the trump administration is showing quite physically with these new walls that it's doing

everything in its power to secure the borders to prevent drug smugglers or even children over our border. liz: steven walsh said the biggest problem is donald trump because he's using with what's going on with the borderer to rip the country apart. the best step we can take is to get rid of trump. the democrats have not been able to do immigration reform for decades. president trump just got into power in 2016. so he's the biggest problem? >> this is of course false. nobody was blaming president obama for the influx of illegal immigrants when he was in office

office. what we learned is that democrats are proposing nothing when it comes to immigration reform. they tell was they don't likes, but they don't tell us what they do like. >> bernie sanders seems to be pulling back from the idea of getting rid of i.c.e. it's coming out of the left. >> it's abolishing the current disastrous current immigration system. i.c.e. is one small part of that system. >> do you see a valid purpose for an agency in the federal government like i.c.e.? >> the first question you asked do you believe in open borders. no, i do not. liz: he does not believe in open borders, this means he would support i.c.e. >> if you are a self-proclaimed socialist, you can't support open borders. if we had full-fledged social number of this country everybody

would be coming here across the borders. countries like den mark with massive welfare programs have massive immigration problems. bernie sanders knows this. he knows about socialism and he knows it's impossible to have a massive welfare state and open borders that incentivizes anybody who want to come here. liz: elizabeth warren overtaking joe biden in a brand-new poll. biden is make even more mistakes. the debate how senator warren never tells voters how she is going to pay for costly policies. also, the federal officials could decide soon on whether to indict former fbi official andrew mccabe. we have that and more on the probe of the probe coming up.

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before a crowd of 15,000. it's not enough to beat not trump. let's by in the "daily caller's" vince col col. your reaction to that? >> joe biden's presidential campaign is based on two issues. someone has to beat trump and i was vice president under obama. it expresses those two things. get trump out of office and i was vice president under obama. liz: joe biden's mistakes keep piling up. he talked about what would have

happened if he got assassinated during the nomination process. >> he can't. it's obvious. his mental dexterity is not there. he's in a relaxed environment. he's standing around people talking casually. liz: we have a well-known psychiatrist claiming to cnn that trump may be responsible for more deaths than hitler, stalin and mao. >> he may be responsible for many more million deaths than they were. liz: brian seltzer blaming technical difficulties, that he didn't hear this wild claim. why didn't somebody come in his ear and say push back on that. >> is the only ones who can hear

what's going on on cnn the viewers? his apology on twitter was nonsense. this media reporter, his job is to check the media rather than float incendiary conspiracy theories. liz: joe walsh says trump is unfit to be president, but he joe walsh critics say ceded the high ground when he called obama a muslim, an enemy and atraitor. >> there were plenty of times when i went beyond the policy and idea differences and i got personal and hateful. i said some ugly things about president obama that it regret. it's difficult, but i think that helped create trump and i feel responsible for that.

and i have apologized for that. liz: critics are saying not good enough. the apology is not good enough. he said this about kamala harris. if you are black and a woman you can say dumb things, lower bar. he was duped by sasha baron saying we should give guns to kindergarteners. this is more than a simple apology. >> it has the markings of a failed presidential campaign out the gate. president trump has high approval ratings among republicans at 90%. he's starting his campaign with an apology tour snow's not being forceful and strong. he will be a side show for a couple of days, but i don't think beyond that we'll be talking about joe walsh.

liz: rashida tlaib says president trump is quote scared of the squad. >> it's actually the opposite. i think the president wants to elevate the squad because he thinks they are reflective of the democratic party. if democrats get branded with the squad as their mass -- as tt that means trump for four year years. liz: the federal government may be deciding whether to indict an driewd mccabe over his media leaks. why if fusion gps was doing the fbi's own leg work for it. that story coming up. we might d. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right -

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♪ ♪ elizabeth: let's bring in former federal prosecutor doug burns. great to see you, doug. i mean, sources are telling fox news that a decision could be coming soon on whether or not to prosecute andrew mccabe on charges of lying at least four times, three times under oath to the fbi about his leaks to the media, your take? >> if you had a regular discussion in a regular case day-to-day, you would say there was compelling information that he was untruthful multiple times, but this is not that situation. this is highly, highly toxic, incredible anger levels beyond. you're going to hear screaming only in a banana republic do you

charge political enemies, so it's very hard for me to predict. i think the charge is certainly well within the reason of being warranted, but i'm not so sure it's going to happen, liz. elizabeth: interesting point. he was just hired by cnn. mccabe's attorneys met twice last week with the justice department. here's the thing, he's accused of leaking to the media, to "wall street journal," to push back on a narrative in the media that he was biased when his leaks revealed to the world that the fbi, yes, the fbi was, in fact, probing the clinton foundation. no one knew that at the time, and james comeyed had refused to -- comey had refused to confirm that to probe. >> again, i hate to be a broken record about the toxicity we're in, but a lot of the media will not say one word about any of this, liz.

elizabeth: to your point -- all right, let's move on. the clinton opposition research shop really tied into the obama justice department, doj. we're talking fusion gps, bruce ohr at the doj, his wife worked at fusion. hundreds of pages of e-mails found by judicial watch, doug, show nelly other working at fusion -- nellie ohr work at fusion, doing legwork into then-candidate trump's ties to russia, then gave it to fbi, fusion got paid by the dnc, by the hillary campaign to do opposition research. this is crazy, what's going on with fusion gps. it also paid christopher steele about $168,000. so fusion's doing the fbi's legwork here. >> i've said to you many times in the past, bruce ohr's a high ranking justice department official, there's a massive conflict of interest. his wife is working at a company, fusion gps, that's

developing negative information, and then it gets ten times worse which is that this high ranking official takes the negative information about the candidate and then gives it to the fbi. it's just an unbelievable conflict and, again, i have to reemphasize that so many in the media will never tell anybody about in any of it. elizabeth: well, can you imagine if trump administration put the surveillance community on to the 2020 democrat campaign. unmasked those citizens' names on that campaign, did surveillance, got fisa warrants to spy on them and then found position found nothing? i want to move on to republican bob goodlatte talking about how far it might reach beyond the fbi. watch this. >> there's already significant evidence that it extended outside the department of justice to intelligence-gathering organizations. a lot of questions. i know that john durham wants to

interview a maltese professor with russian ties but also western intelligence ties named joseph mitt study, who seemed to play a role, but there are a lot of questions that need to get out in the public. we had a look at a lot of this information, but it never got declassified. bill barr has the authority from the president to declassify documents not only in the department of justice and the fbi, but also other government agencies as well. elizabeth: can bill barr declassify at the c ia? >> he can, but i'm glad to hear him mention the words intelligence community because as we've said many, many times, brennan, clapper, these guys were at the absolute epicenter, liz, of trying to damage candidate and then president trump. elizabeth: doug burns, you're terrific. thanks for joining us. >> my pleasure. elizabeth: thank you so much for watching. we we helped you -- we hope we

helped you tonight. lou dobbs is next right here on the fox business network. have a good evening. ♪ lou: good evening, everybody. president trump facing a critical moment of his presidency. he's overseas at the g7 summit in france where he seemed open and willing to talk with anyone and just about everyone including the man who reneged on trade talks back in may, chinese president xi jinping. just three days ago president trump called xi an enemy. today he calls xi a brilliant man. and the market loved all of today's talk about talks. moving up nearly 300 points, showing just what kind of world we live in. fox's chief white house

corres