>> we have an audience listening to you. that does it for "bulls and bears." thank you for joining us. come back tomorrow. liz: democrat jerry nadler says impeachment is on. nancy pelosi and steny hoyer say no, it's not. critics in the republican part are you are asking, are the democrats misleading the american people? will this ruin legislation for this fall like nasa 2.0? to the 2020 democrats and their bold land to stay in power by raising taxes on the middle class.

how elizabeth our be could lose the debate tomorrow night with a man to take more of your money in retirement. to the battle or the borders. today the anniversary of 9/11. a knock-down dragout fight has d.c. buzzing. rashida tlaib and alexandria ocasio-cortez tore into thomas homan. but he hit them back and he said he has near seen an agency that captured enough drugs to kill the u.s. population two times over. cnn's latest black eye. this debate keeps getting bigger and keeps getting worse. i'm elizabeth macdonald.

chad pergram on capitol hill with the democrats latest on impeachment. reporter: this is muddled what the house judiciary committee is going to do tomorrow with regard to impeachment. the resolution says to determine whether to recommend articles of impeachment. the house majority leader steny hoyer was asked earlier whether he thought they were into an impeachment inquiry. he said no. steny hoyer had to say no, this opens the door possibly for that. they will go through this tomorrow to set the parameters for this investigation. i think this is muddle.

listen to the house judiciary chairman. he says what we are doing is clear. it has been clear and it continues to be very clear. people just aren't sure when it comes to doug tol collins, the top republican on the committee. he says you cannot have an impeachment inquiry unless you start with a vote on the house floor. the other problem is there are a lot of moderate democrats who wonder if democrats are pushing too hard on impeachment. i just talked a couple moments ago with donna shalala. she is a freshman democrat from southern florida. she he it's sucking all the air out of all the good things we are doing. democrats are worried the other issues we are trying to address is all being covered up by impeachment because that successes the wind out of everything according to donna

shalala. liz: edward lawrence with the update. reporter: after a meeting with the number two person in the chinese government, the chinese premiere said he believes we have the wisdom to find a solution acceptable to both the u.s. and china for a trade deal. china also back off tariffs on 16 u.s. imports that china can't make or get from other trading partners. president trump sees this as a gesture by the chinese. he goes on to say the tariffs pressure is working. president trump: the supply chain with china was a powerful unbreakable power they had is breaking up. companies are moving out. china wants to make a deal. we'll see what happens. we have to make the right deal for this country. reporter: former national

securitsecurity advisor john bon clashed with others in the administration. they believe they will be able to reach a deal without bolton inned administration. the goal to get the flavored e-cigarette product off the shelf. and they will have to have fda approval by may of next year. they have seen a spike in e-cigarette use among kids. the secretary of health and human services say they have a legitimate benefit. >> they are not a source of major youth utilization. we have a million adults using e-cigarettes. so there is a public health need for alternative nicotine devices for adults to get off tobacco. reporter: the american vaping

administration saying prohibition never worked, it didn't work with alcohol, it hasn't worked with marijuana and it won't work with e cigarettes. this campaign is also supported by the first lady. liz: let's bring in hudson institute's michael pillsbury. china is exempting tariffs on 16u.s. products. is he going to get this done? >> things are looking up for the president. this is a significant success. this one-year waiver on these key products. but it's not the only concession the chinese have been making. the president is wise to not draw attention to these concessions. i don't think he would mind if i mentioned a few. the ceo of huawei told the "new york times" he's willing to

negotiate with the department of justice. china had an experiment in shanghai called the free trade zone. behaving with an open market the way president trump wants all of china to do. china 0a announced they will open more green trade zones. they also stopped insulting president trump. they used to talk about kind of insulting proverbs from the foreign ministry podium saying people who are sick should not give medical advice. and they meant president trump it's quite clear. so that eased off. i'm quite optimistic. liz: you are the country's china expert. the president listens to you. you conferred with the white house. you are breaking news that china is what you are seeing, china seems to be moving toward some

type of deal. what would that deal hook like? >> the president does something else that's very, very smart. it means i can't answer your question. he's got a secret 150 page agreement with the chinese. they agreed to almost everything in it until the may 23 setback. china has not leaked that agreement, neither have we. that's the basis for the deal. if they come back in october and say we'll no longer renege on what we reneges on, that's a big break through. you will see the market go high after that. i'm not sure they will do that. but the framework in the draft 150 pages is already there. it's just that our media and china's media have not seen it. president trump called it the grandaddy of all deals. liz: you just broke news on the

china trade talks. we didn't know what you told us. that's inside stuff. good to see you, michael. turning to the anniversary of 9/11. 18 years after the twin towers fell the pentagon attacks and the attacks inning shanksville, pennsylvania, they remember and honor those that we lost. those acts of bravery will be forever remembered. lucas tomlinson is at the pentagon tonight. >> president trump marked the 18th anniversary of the attacks here at the pentagon. he had this message for america's enemies. >> if anyone dares to striker strike our land we'll respond with the full measure of american power and the iron will of the american spirit and that spirit is unbreakable. >> the first ceremony began at dawn when the american flag was unfurled.

president trump honored an american soldier killed in kabul, along with 11 afghan civilians. causing the president to strap peace talks at camp david. >> they shot they would use this attack some to show strength. but what they showed was unrelenting weakness. the last four days we have hit our enemy harder than they have ever been hit before. and that will continue. reporter: 18 years ago at 9:37 a.m. american airlines flight slammed into the pentagon after being hijacked by five al qaeda operatives. 125 people were killed inside the pentagon. thousands more would have been killed if the plane hit elsewhere in were five children on board the crash ranging in

age from 3-11 years old. george w. bush and donald rumsfeld took part in a separaten memorial. liz: thank you so much. we'll be right back. stay with us. all money managers might seem the same,

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i'm gonna tell you that was the best $150 i ever spent in my life. life line screening. the power of prevention. call now to learn more. liz: we got our eyes on several stories. we begin with the passing of le general darey oilman t. boone pickens. he died at home at the age of 91. his canny investments helped reshape the american energy industry. this story, the national weather service confirming at least one tornado packing 125-mile-per-hour winds left a trail of destruction last night in sioux falls, south dakota. officials investigating fit was another tornado or just massive

wind that ripped part of a hospital complex. seven people suffered minor injuries from falling degree. taco bell unveiling a vegetarian menu beyond meat. the only problem is the foodies at the takeout looks like the same veggie menu they have been offering for weeks. growinger's five-month experiment in 60 stores in denver, indiana, and illinois will measure how it will impact sales. there is no natural transition to this wild story.

a burglary suspect thought he could escape police on foot by running into the ocean. bad move. the cops took him right down in the middle of the ocean waves and into custody. third round of the 2020 democrat debate is set for houston, texas. it will be the first debate showcasing elizabeth warren and bernie sanders and kamala harris all on one stage. reporter: i learned joe biden's big plan tomorrow night will be to argue to what he thinks is traffic practical versus what others are arguing for. that is determined by some as a subtle way to jab at the candidate who is surging because conservatives seem to like all her plans.

elizabeth warren is the anti-biden by telling reporters she is not running for the richest americans, but she is running to be president for everyone else. she is in second place behind biden who maintains a solid double digit lead nationally and in early state polls. the host network sent out a warning to all the -- to all candidates about bad words. they are not on cable and they will be fined if they violate the rules. it's the first time all the candidates will be on one stage. andrew yang is doing better in some of those categories than

some of the federal office holders he's running against. he claimed on twitter that he will crowd surf and scandal. as soon as the candidate who has crowd surfed at one of his own events in the last week. liz: by friday we'll know who the democrat contender to face trump likely is. joe biden polling in first place. now their policies for america coming into sharp focus. former republican senator did a deep dive. he says her vision of accountable capitalism would destroy retirement savings built over a lifetime. senator gram graham said senator warren would roll back the

enlightenment that gave us economic freedom and plunge us back into the communal world of the dark ages. >> i think's dead on. i think the extreme policies represented on the democratic platform. she needs to be held accountable. we'll see what happens. i put my vote on president trump. liz: senator warren has been sharing a report that wall street executives are afraid of her winning. phil gramm is saying senior citizens should be worried, and every american. her wealth tax would wipe out retirement savings that people worked a hive time to build. seniors own 73% of domestically

owned stock. she wants to target that hard-earned money to spend it on the local and global environment. what's your reaction to that? >> you hear the rhetoric about the 1% paying for these free deals. 1% doesn't pay for this. that's why you have to go after hard-working americans. their assets will be subject to the tax and the american people aren't stupid. liz: joe biden says he opposed the iraq war when he voted for it. undercutting biden here even more when he claims he didn't support the war. here is what's coming out of the jfk presidential library. he tried to get russia putin support for the iraq war to get provide from the sale of iraqi oil. bind said, what if in fact

president bush would agree the first proceed coming from iraqi oil would pay off what is owed. what about the contracts that we had if in fact we would agree to work in consortium with the russians. >> officials in washington, d.c. think they can say whatever they want to say and the american people won't care. that's just not accurate. i will tell you they are going to see through this rhetoric to pander to the political base as well as the population of america. liz: who do you think will clash tomorrow night? >> i think you will watch bind and warren tomorrow night for the first time go toe-to-toe and go at each other.

they will have to start separating the leaders from the followers. >> who do you think the democrat contender will be? >> i think at the end of the day warren seems to be the one that's surging and will be the candidate next year. liz: thank you very much for joining us. the democrats and their bold new plan to hold on to power by raising taxes on the middle class. more on elizabeth warren and the 2020 debate tomorrow. we'll show you the video of aoc and rashida tlaib and thomas homan going toe-to-toe.

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the supreme court allows nationwide enforcement of trump restrictions on asylum seekers. remember a court tried to block the white house. the supreme court upholds the trump administration here. we'll ask texas attorney general ken paxton about all this. democrats on the house ways and means committee considering a thanks on the middle class to pay for social security. the idea is raise the wage level for payroll taxes from 132,000 900 to $400,000. and the tax rate goes up to 7.4% from 6.2%. they will catch way more middle class taxpayers with this. >> this will be -- they are ignoring the reality that for

the younger generation, those born in 1975 and later. those forced to contribute from their incomes every week, they could have invested that money over the course their careers, they would end upwards of $700,000 additionally in their retirement accounts. but no one wants to discuss that. liz: the government takes the money, takes the payroll taxes. instead us investing it. it's a good points you have. they want to spend the money. here is an option direction taken by team trump. they are saying they are going to gear up for tax cuts 2.0. watch. >> with regards to a middle class tax cut we'll be looking at tax cuts 2.0. something we'll consider next year. but right now the economy is in very, very good sha.

liz: they were talking about cutting payroll taxes. what would it look like. >> there are some bad ideas and greats ones. my colleagues at the heritage foundation looked at wait would mean to permanently allow businesses to be able to immediately deduct the capital expenses. make those tax cuts on the individual side. make those permanent. we estimate the economic growth we are seeing, we would see that double over the longer term. just by making a few modest but important changes to those ask reforms put in place. liz: president trump ripped into the federal reserve. quote, the federal reserve should get our interest rates down to zero or less. we should then start refinance our debt. the u.s.a. should always be

paying the lowest rate, no inflation. it's only the federal reserve that don't allow us to do what other countries are doing. an opportunity we are missing because of the bone heads. >> we ought to focus on what the federal reserve should be doing. they don't have the ability to control what the actual interest rates are. there have been a number of times when interest rates have gone in the opposite direction of where the federal reserve indicated. there has been a lot of monetary experimentation in the past 10 years purposing up the housing market and pumping up the government debt. and they keep reserves at the fed. and that's threatening liquidity in our system. i think we need to look at some of our allies.

germany and japan which are growing far more slowly then we are. they are they have got near zero or negative interest rates. liz: jpmorgan and jamie dimon says they are coming to the united states. >> i don't think there will be zero interest rates but we'll be prepared for it for risk management. >> we see rates inching down toward that level. long-term government debt is at historic lows. we need to incentivize investors. we have take and few steps back. the trade wars, an example of that. but rather than encouraging the manipulation of the money supply, let's keep our eye on the ball. we have seen what worked the

last few years. we saw a big bump up in productivity. let's build on that rather than try to rely on our central bankers to give us that boost that we are looking for. liz: just ahead. fresh details on the case that led to the latest black eye for cnn. the case of the agent hiding in russia in plain sight. rashida tlaib and alexandria ocasio-cortez rip into the former i.c.e. chief thomas homan. it got ugly real fast. thomas homan fired back and shut them down. trump gets a big victory from the supreme court. president trump: what can be much more threatening than people that want to pour across

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liz: new details on mounting blowback on the cia source spying for the u.s. in russia. both "new york times" and the characteristics a trounced cnn for saying the characteristics a was forced to extract the asset because trump exposed classified material that could reveal the asset. >> it's tried to paint the president as an irresponsible individual and we have put in danger not only this asset.

this alleged person, but every other asset that's wondering, is this going to happen to them? liz: reportedly the asset worked for the kremlin. was this irresponsible reporting by cnn? and is this spy now in danger? >> yes, on all three levels it was incredibly irresponsible and i would say illegal for whoever the sources were to pass this tightly held information on to cnn. if cnn bothered to look at it they would know the timeline doesn't work. it couldn't have had anything to do with president trump. >> the timeline was 2016. >> that's correct. early 2016. extradition or extraction plans take a long time to develop. there is a whole matrix of

decisions. it was you are consideration for months and months. it could not be something that happened immediately. not only was cnn lacking in credibility and i are responsible but to publish it so it fits their narrative. it's reprehensible that they continue to run with it and are further putting this individual's privacy and safety at risk after what he did for this country. liz: what kind of threat is this spy under? >> they are trying to play it down. they don't want to look like they got had. the old rule of having a soviet or russian individual in the states where he could live openly and be unharmed are over with the russian alleged poisoning of multiple individuals as recently as last

year in london. you are putting his family and his life at risk. >> you mention laws were broken by the sources for cnn. what are those laws? >> you are forbidden to pass any classifications, particularly highly classified information to anyone. in particular to a media organization. i have run cases like this. there is maybe a little more than a handful. not many more than that of people who knew this individual and knew who was and knew his access. it's highly irregular that this would get out to anything more than just a few people. how that got to cnn makes you wonder. liz: we hear you, mary beth long. former cia operations officer. next up. former i.c.e. chief thomas homan suffered a barrage of blistering

attacks from democrats rashida tlaib and alexandria ocasio-cortez. they oversaw a contentious hearing but homan shut them down. james comey taking on trump. people on twitter say he's doing low below attacks against the president. president trump: no obstruction, no collusion. now the democrats want a do-over. award winning interface. ♪ ♪ award winning design. ♪ ♪ award winning engine. ♪ ♪ the volvo xc90. our most awarded luxury suv. ♪ ♪ i come face-to-face with a lot of behinds.

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liz: former i.c.e. chief thomas homan fighting back after blistering attacks from rashida tlaib and alexandria ocasio-cortez on the hill at a hearing that ocasio-cortez oversaw. it got pretty heated. before we get to you, ken. let's show the viewer rashida tlaib ripping into thomas homan. >> mr. homan as a fellow american i what you to know your contribution as acting director of i.c.e. up this administration will be remembered as one that was ruthless, i humane treatment of asylum seekers. the author of the separation

policy and now this sick, preventing sick children before this committee seeking life-saving medical treatment. liz: now watch tom as homan firing back. >> in my 34 years i have never seen such hate toward a law enforcement agency in my life. you want to abolish it. we are enacting laws. >> your tame has expired. liz: fact check.org said under the obama administration there were families separated from their children. and isis saved women and children from sex trafficking with, captured enough drugs to kill the american population two times over. he's fully right. his job is to follow the law,

the fact that he was being criticized by the congresswoman for doing that, it's not surprising that's what was happening. she is in congress, if she wants to do it, she should do it. liz: the supreme court handed president trump a victory ruling that the administration can enforce its restrictions over asylum seekers. your take on that? >> not surprised at all. the president has the authority to restrict the entry of any clasp alien he views detrimental to the country. he has a discretion as it relates to asylum and refugees. he acted under his authority to do that. i'm not surprised the supreme court struck down the ban on the nationwide injunction. liz: there estimate that 600,000 illegal immigrants will cross

the border this year. even tulsi gabbard is calling for walls at the border. >> without secure borders we don't have a country. we have to have secure borders. this is not trump's wall from sea to shining sea. it's about what makes it in some places it may make the most of sense or a physical barrier in place, in other places it won't make sense. liz: tulsi gabbard is sounding like senator biden. >> we do need border security. without it we are not a nation. every other nation in the world has some type of immigration policy that makes sense. we are looking that. and she is right. we don't need a wall along the entire border. we do need security. whether that's through telling or a wall. we need something. >> let's shift gears.

in california they are considering a new bill to give free healthcare to illegal immigrants over 65 years old. what's your take here? >> it doesn't make sense to me. i don't know why they would do that. it will cost their taxpayers a lot of money. we are not going to do that your our state. you are talking about people coming here illegally and incentivizing them to come. as secretary homan talked about. when you do that you create other problems like human trafficking and drug trafficking. liz: we were watching parts of the hearing waiting for democrat reaction to the crimes committed by illegal immigrants on american soil and the lack of what many say is justice. we have an eighth illegal immigrant accused of rape in maryland and an illegal alien who was sentenced to six years in prison. where is the democrat reaction

to this? >> apparently those are inconvenient stories. the problem is there are so many of those stories. i wish the democrats had the opportunity to talk to some of the victims' families, people who lost loved ones. maybe that would wake them up to the problem we have. liz: a powerful republican congressman warns that he thinks the justice department's i.g. report will find that those in the fbi who got fisa warrants to spy on the trump campaign did so illegally. this story coming up. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer.

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>> will the inspector general determine the applications were obtained illegally. yes or no? >> i think he will. michael horowitz does good work. liz: that was jim jordan telling fox news sean hannity that he expects d.o.j. inspector general will determine that the pfizer weren't that was obtained despite on the term campaign were of o of illegally obtained. for not calling horowitz to

testify before congress after comey report, why, it would undercut the impeachment pushed by democrats. for his reaction, let's get to the federal prosecutor doug burns. what do you think of congressman and jim jordan's predictor? >> i'm not so sure will see that. i think we'll see the same thing you saw with the ig report on comey, protocols were not followed, things are not followed correctly, d.o.j. and fbi. i don't think he's going to go that far for two reasons, somewhat political but to it the court that determines whether or not a warrant was obtained illegally. >> didn't he refer people to be prosecuted. >> your exactly right. he might turn around to put a

point on the fence, protocols were not followed and it should be referred. but i don't think he'll turn around and say he was obtained illegally because that is a function of a court. >> to think horowitz should testify? >> absolutely. and just a comical point. the minute that something is perceived to help one side, they cannot wait to bring in bubbler when everybody in washington, d.c. -- they knew that it may not be productive at all and even unfair to him and the point is that they did it. now you have an id who wrote a report. should we bring them in now, absolutely not. >> they bring in john dean from the nixon era has nothing to do with anything. but they will not bring in the ig, id testifies routinely. that's the point, they testify many, many times. i want to get to the formae fbi james comey tweeting and attacking president trump, and 1867, federal douglas said we

may have some time to be in the hands of a bad man. even when in the hands of a bad man, we shall be safe. do we shape it well enough? the test is underway. what is your reaction to that? >> i'm not a psychologist or psychiatrist. joking aside, i cannot tell you why this guy is behaving the way he is. no sooner than the ig report, out to say he violated protocols and not try to be political but the report said that. he doubles and triples down so look, i'll be diplomatic, his behavior is puzzling and you heard experts say that, i don't know what he's doing it, maybe has public relation where if you go scorch the earth in every instance it works. liz: molly firing back tweeting, this is precisely why it was so dangerous to the republic for

you and your cohorts to invent the rest of pollution hoax and sidelined the attorney general effectively removing political oversight of you and your be accuracy at the time it was most needed. >> that'she core of this political civil war that were in one site doesn't want to hear any site about how the russia probe cited. nothing about what happened in the pfizer court where misrepresentation was made in something that has to be drove in big time and it will be in the next ig report. nobody wants to hear about that but wouldn't in reverse with the russia collision they went on and on and everybody got hit like a truck and yet they continue to soldier on, another discussion, jerry nadler impeachment inquiry, it's almos. loualmost. liz: there's no vote on impeachment inquiry right now. here's the thing, congressman devon numinous things he could be hit with conspiracy charge. >> possible, is unlikely as the criminal charges against james comey because d.o.j. declined once but i don't have a crystal ball, you never know.

>> come back soon. thank you so much for having us. thank you for watching, we hoped we helped you. lou dobbs is next on the fox business network. have a good evening ♪ ♪. lou: good evening everybody. from washington, while running for president, donald trump promised the american people that under him, america was start winning again after more than two and half years in office, president trump is delivering on his promises and his winning and winning and winning some more for the american people. north carolina legislator dan bishop, last night using the president support to propelling an important win in a highly contested congressional special election against a pro century city radicals them by the man of dan mccready.