jack: and the marginal cost of sun to power those devices is nothing. thanks very much, carlton. thanks, jack and ben. to read more, check out this week's edition at barron's.com. don't forget to follow us on twitter@barron's online. elizabeth: tonight, a new controversy involving democrat congressman eric swalwell. he is accused of falsely claiming that the fbi publicly exonerated him over swalwell's messy entanglement with a chinese spy. turns out the fbi never did the that. the debate. for all the d.c. talk about accountability, just where is the accountability on that? joining us tonight is kt mcfarland, david webb and sam dewey, plus kristin tate, gianno caldwell and tom homan. more on that story, also more revelations, more details coming out of government documents into -- it explains how the fbi

under the obama administration abused that powerful secret fisa court to go after the trump campaign. that court is meant to be used for terrorists and not for politics. disturbing new details on the paper-thin, flimsy excuse that the fbi used to justify secretly spying on carter page. also tonight the white house revealing for the first time the hunter biden still has not divested his stake in a powerful chinese investment company backed by the communist chinese government even though his lawyer and the president promised he would do so. and a powerful judge delivering a new reckoning for the new york governor, andrew cuomo. it could spell big trouble for governor cuomo and worsen the scandal the governor created and tried to cover up. thousands of covid-19 deaths in nursing homes after after governor cuomo ordered those covid patients back into senior facilities. and now this story, democrats waking up to the crime wave started by the defund the police

push. it's happening in oakland, california. the democrat mayor there, libby schaff, now blasting the push, blaming it for a new crime wave against senior citizens and minorities in oakland, california. and in new york city, brazen robberies in broad daylight of high-end stores like chanel by armed robbers, that has voters saying this blatant disregard for the law is directly tied to the push to defund the police. and is we've got a new development at the border. illegal border crossers realizing they'll get busted if they try to walk across this caravans, so what are they doing? they're increasingly and audaciously hopping on trains. plus, we've got a growing rebellion inside i.c.e. against president biden's border policies. the mutiny there, what is that all going to mean for border security. thanks for joining us. i'm elizabeth macdonald. "the evening edit" starts right

now. ♪ ♪ elizabeth: welcome to the show. you're watching the fox business network. okay, look who's back with us, kt mcfarland. i know she's probably fired up about this story. kt is the former trump deputy national security adviser and author of the book "revolution: trump, washington and we, the people." kt, i know there's a concern about foreign meddling in our government processes and pressure on the government, but what was your reaction when you saw that democrat representative eric swalwell told new york magazine that the fbi publicly exonerated him over his entanglement with a chinese spy when the fbi made no such statement? >> you know, the lies just continue to mount up with him and the sort of suspicious stories. look, somebody is considered a spy if they actually are working for a foreign government. so he had a relationship with a woman who was a spy. he also took money from the

woman who was a spy who bundled money for him. frankly, i'm more concerned about the fact that he was on the payroll that i am that he had a relationship with this woman. but in spy language, that means that eric swalwell was an asset. now, he wasn't doing it willingly, he probably wasn't even doing it knowingly. but in the terms of spy craft, he was an asset. he was somebody who was in a position to be bribed, he was in a position to be blackmailed. so here we have a guy who is so unserious that he shouldn't even probably be a member of congress, much less the intelligence committee -- and now they've got this guy leading impeachment 2.0. everybody looks like a fool except for swalwell, and he looks like a fool and a liar. elizabeth: so when you say that you think he may have been on the payroll there, i mean, this alleged chinese spy targeted him when he was just a city councilman in california back around 2011 or so.

and then, you know, she raised money for him. what do you mean that he could be on the payroll? >> well, not knowingly. what i mean by that is that he was getting money from a woman who was bundling probably legitimate american contributions, but she was somebody who was being run by the chinese military, the chinese intelligence services. he wasn't being bribed himself, probably not knowingly, but the fact that he was so sort of caught up with this and he didn't even understand what he was up to. and then secondly, that he's now lied about, you know, the fbi exonerated me, they told everyone i was fine, i was fine, and then it turns out nothing's true. here's the thing about members of congress, eric swalwell being one of them, when you go to work for government like i did at the deputy national security adviser, you have to fill out long and detailed firms of every foreigner you've ever met if, any foreign national whether in the united states or abroad when

eric swalwell and members of congress when they go to get their security clearances, they don't have to do any of that. they just have to raise their hand and say i promise not to divulge classified information. there's no background investigation of them. so who knows? i mean, if this guy's having a relationship with a woman who was a chinese spy and she was one of the major bundlers for his campaign, then i it puts him in a very awkward position, right in he's in a position where down the road once he became, you know, a presidential candidate, once he became a member of congress, he's in a position where the chinese can really pull a lot of chains on him. so i find the whole thing not only about him, but about the whole impeachment effort, it's a sham. it's a political show trial. the sitting -- chief justice of the united states supreme court is supposed to preside over the impeachment of a president. he wants nothing to do with it. he's not even there. i think it's bad for the nation, it's going to be bad for the political environment in america. we're going to look like a joke. but you know what? it'll be great for ratings for

people like swalwell and all the others. elizabeth: yeah, we hear you. separate story, hunter biden is coming out with a new book. hunter biden is continuing to do business with foreign entities, an entity in china as president biden said on the campaign trail that none, nobody in his family would have any connection to any foreign company or foreign government. here's what white house protect secretary jen psaki said about that today. watch. >> he has been working to unwind his investments, but i would certainly point you -- he's a private citizen -- i would point you to him or his lawyers on the outside on any updates. elizabeth: okay. it's unclear what the sourcing was for that, that he's working to unwind his 10% stake in this chinese private equity fund called bhr. you know, can you talk about this kt? because this is at the center of then conflicts of interest scandal that has been dog hunter biden and his -- dogging hunter

biden and his father. >> don't watch what they say. they're saying a lot of things. watch what they do. if he really wanted to disentangle himself from the chinese financial interests, they could are done it overnight. the fact that they're sort of -- they lied about it in the first place, they hid it, he was under investigation from the fbi for a number of months if not years, and yet it somehow never came out. and president biden has said, oh, there's nothing here, move along, move along. there's no financial relationship. the president of the united states is going to have to make decisions on american foreign policy towards china. china's our greatest strategic threat, it's the biggest challenge this administration will have. and the fact that joe biden has always been soft on china, that he has never stood up to china, even a year ago during the campaign he said, oh, china, they're our friends, they're not about to eat our lunch. well, they're about ready to eat our breakfast, lunch and dinner, and the fact that they've got

joe biden's son and potentially brother on the payroll i find very worrisome, even more so than the fact that eric swalwell had a relationship with a chinese spy. elizabeth: yeah. this chinese investment company allegedly has top communist party officials backing it,s also military officials in that fund. we're going to stay on this story. hunter biden hired a new attorney to help defend against federal criminal probes into his potential -- alleged potential money laundering. it may not have anything to do with hunter biden, it comes out of that laptop that came about. also alleged tax problems ooh too. the attorney is chris clark. chris clark worked with nicholas mcquaid. they both worked ott the same law firm. nicholas mcquaid, kt, he is now temporarily running the justice department's criminal division. so so this new doj official now runs a powerful criminal position of the justice department as his former

colleague represents hunter biden before it, sending off a criminal probe before the justice department. what do you make of this? >> it's the swamp, it's the washington swamp, and we should not be at all surprised by it, and i think we should also not be surprised that the absolutely nothing is ever uncovered about hunter biden and his connections. but the problem is the chinese are try thering to break in, get any influence they can in the united states. they're crawling in through the windows, the doors, the pocketbooks, the legislator, the think tanks, the colleges, the uniters, and they're trying to influence american foreign policy, american economic policy, domestic policy. even a decision like the keystone pipeline that president biden has just decided to cancel, well, guess where that oil's going to go? it's not going to go from canada to the united states now, it's going to go from canada to china. i just think with a case like this whether it's swalwell, whether it's hunter biden, whether it's the financial relationship of the senior officials not only of, you know, congressional think tanks,

colleges, universities, you need to have a really better eye on this and a better handle on this because the chinese have every intention of replacing the united states as the dominant world power in technology, militarily, economically, financially, politically within the decade. and if we're just, again, sort of brushing it off, oh, well, business as usual, i think we are leaving ourselves very vulnerable to influence and penetration. and we won't know about it until it's too late. and i think that's where we're headed. and particularly in the biden administration. elizabeth: okay. kt, thanks so much for coming on. you're a great writer. read kt's book and buy it, it's terrific. she's got great insights and perspective. kt mcfarland, it's good to see you. >> it's an honor. thank you, liz. elizabeth: okay, sure. up next, fox news contributor david webb on this belly flop by democrat senators trying to put you on the hook for massive debt when they have no clue, no idea

about what the incentives are in terms of what colleges are doing in jacking up and gouging middle class families. new york federal reserve as has said that democrat senators are wrong in forgiving student debt. their study basically shows evidence of how they're wrong. we're going to break this down. plus, the battle to reopen schools, it just took a brand new turn. that story next. >> it's frustrating knowing other schools are having the chance to have the opportunity to go to the next level, get that scholarship and offer. while over here it's what -- we can't do much because that got taken away from our hands. taken away from our hands. we had no control over i finally moved in. it's a great old house. good bones, wraparound porch. the pipes are... making strange noises. ♪bagpipes♪

♪bagpipes♪ ♪bagpipes♪ even the plumbers couldn't help us. nope. at least geico makes bundling our home and car insurance easy. which saves us a ton. for bundling made easy, go to geico.com. which saves us a ton. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for type 2 diabetes.

it's not insulin. and i only need to take it once a week. plus, it lowers the risk of cardiovascular events. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity.

i didn't realize how special it would be for me to discover all of these things that i found through ancestry. i discovered my great aunt ruth signed up as a nursing cadet for world war ii. you see this scanned-in, handwritten document. the most striking detail is her age. she was only 17. knowing that she saw this thing happening and was brave enough to get involved and do something— that was eye opening. bring your family history to life like never before. get started for free at ancestry.com

muck. elizabeth: let's welcome fox news contributor david webb. you know, david, it appears in washington common sense has left the building. multiple studies, including one by the new york fed, shows democrat senators elizabeth warren and chuck schumer are flat out wrong. every time you give money to colleges, they keep raising tuition. they want to forgive student loan debt. again, every time colleges get free money, they raise tuition. new york fed found they raised tuition 65 cents for every free dollar they get in federal money, the way to stop colleges gouging american families to hit them in their wallets, and that is the lucrative tax breaks that

colleges get. what do you think? >> i think this has been a train that left the station in 1965, excuse me, e. mac. in 1965 this began this pathway of funding colleges and increasing college costs. look at where we are today from then to now. they're right about this. they get $150 billion, they've gotten -- think about it, since '65, trillions of dollars effectively in government programs and education goes up, education costs go up, and yet we see a problem with the education system. so that needs to be reversed. this idea of canceling debt, the debt doesn't go away because you write a piece of paper, it still exists, and that building off i-95, sallie mae and those other guarantors which are you and i, the american people and the american taxpayer, we get to pick up the tab. elizabeth: yeah, that's exactly right. you know, it's like giving a

parent's credit card to an alcoholic at the bar. the alcoholic being the slap-happy, gouge-happy colleges. taxpayers would be on the hook for what senator schumer and elizabeth warren want to do. they shouldn't be near anything about economic policy, and now senator warren is on senate finance. if she had her way, she would just put everything on the banks, on the tax taxpayers, and trillion dollar be no lend doing there would be no lending in the country. put a ceiling on it. property taxes, sales taxes, i think in some states, you know, income taxes. so every time they raise tuition, cut their, you know, tax break by that same amount. so this is -- it's just shocking that this is what these guys are still debating with multiple studies, as you point out, have been on this. let's turn to this story about reopening, david. you've been all over this. you've been so good and so smart if about this. david, did you see democratic

governor whitmer do a 180 and all of a sudden after she was sued, her administration was sued saying, yeah, high school students, you can do winter sports? what's your reaction to that? >> well, maybe once they got that lawsuit, she actually looked at the science and started following the science that children in schools are not super-spreaders, they're less likely to contract, therefore, to transmit. and other countries have shown us the way on this. schools are open. plus in the very same district or in the very same town you have a private school open, it's not a super-spreader event. public schools are closed. so this in-fighting hurts the american children, it hurts us as a nation, it hurts families, especially single families and poorer families who don't have access to the technology or the time to devote to education. and now we see children not learning. elizabeth: yeah. okay, let's listen to this, this high school student. he lives in harlem, new york. let's listen to his experience. watch this.

>> and i feel like they're giving up on us. i feel like they just kind of looked at us and said, you know what? you know, it really hurts -- [inaudible] and right now i have friends who are not able -- [inaudible] you know, because they don't have the guidance counselors helping them elizabeth: did you hear that? he said they can't apply for colleges because they've been out of school for about a year. >> and think about those that may be in sports, they're not being viewed, they don't have a chance to be recruited. that helps many getting to college who can't afford the more expensive colleges we were just talking about. but, you know, this young man is an example of a leader and someone that these so-called education bosses should be talking to. he is concerned.

his fellow students, their lives are what are on the line here and their futures, let's listen to them, but they haven't. elizabeth: yeah. david, you're going to come back and talk to us about this. even the l.a., l.a. is moving to sue its own school district -- san francisco's moving to sue it own school district. chicago's mayor is having a major fight with the teachers union there. david webb, come back soon. it's good to see you, my friend. just afed, former -- ahead, more details coming out of declassified documents about how the fbi under the obama administration abused that powerful secret fisa court in order to continue to spy on carter page and the trump campaign. disturbing new details on the flimsy excuses the fbi used to justify those powerful wiretaps. the story next. ♪ ♪ >> i've worked with the intelligence community going back many decades, and i had

contacts within the intelligence community, and they gave me a heads up that the democrats were, through a law firm and through a network of contacts both in the united states and in, and in london, were working to put together this smear campaign against supporters of then-candidate trump. ♪ ♪ ♪ incomparable design makes it beautiful. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for thirty six months. experience amazing at your lexus dealer. nicorette knows, quitting smoking is hard. you get advice like: for thirty six months. try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette research shows that people remember commercials with exciting stunts. so to help you remember that liberty mutual customizes your home insurance,

here's something you shouldn't try at home... look, liberty mutual customizes home insurance so we only pay for what we need. it's pretty cool. that is cool! grandma! very cool. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis.

and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid.

when you switch to xfinity mobile, you're choosing to get connected ask your healthcare provider to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store. (woman) i don't want to look like this anymore. (man) what is happening to my body? (woman) why can't i lose weight? (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more than 35 inches and males measuring more than 40 inches may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com.

once again, that's golo.com. ♪ ♪ elizabeth: with me now is former congressional investigator sam dewey. sam, more declassified documents show just how flagrant and far-ranging the fbi was or in order to wiretap the campaign. let's break it down. reporter john solomon say he's got -- he's read a declassified fisa wiretap that shows the fbi justified secretly spying on carter page merely because they believed carter page was going to, behind the media a to tout a book that he was going to write and carter page was defending his innocence in the media about working, you know, trump-russia collusion. he's saying there's no there there. so that's good enough to get a

fisa wiretap? >> no, it's not. it should be and it's indicative of the fact that the system broke down here. there's supposed to be checks and safeguards against this type of abuse, and every single one either failed, or it appears as we see more and more of the documents was deliberately evaded by those entities who were seeking the warrants. and perhaps, you know, we really haven't seen that side of the story, but one does wonder should the court have done more at the time to question these and should the court be doing more now to question these findings. elizabeth: yeah. john durham also has his criminal probe of the trump-russia probe, and it's about keeping and reserving and protecting the integrity of a fisa court that's meant to stop

terrorist attacks on the u.s. it's not meant to be used in poll techs. so here's the thing -- politics. we read through the documents and we see constantly the fbi using the words we believe or the belief is. so is speculation enough to get a wiretap in we thought you needed proof for probable cause in order to spy on somebody. so there was no proof that carter page was a russian asset or trump was a russian asset, just a lot of speculation in the documents. that's good enough to violate someone's civil liberties and spy on them and whoever else they're talking to? >> no, it isn't good enough to have a belief. the papers that we've seen were couched in specific beliefs that pointed to certain pieces of evidence that turned out to either be fabricated or to be portrayed in a misleading light. and that's, that's what i alluded to earlier when i was saying the various safeguards kind of broke down as the process went forward.

but, no, just because the fbi, you know, has some belief, that isn't enough to get any sort of warrant and certainly not enough of to get this type of warrant9 from this court which is reserved for surveillance of foreign nationals. as, you know, it's the foreign intelligence surveillance act. it's supposed to be focused on foreign nationals. elizabeth: so -- right. so, you know, they went for more than a year on this, months and months, not coming up with anything, no proof, no evidence, no intercept as john solomon points out, no sources, no documents that carter page was doing anything to do, to collude with russia, nor was trump doing that. so when they didn't have the goods, they started to say the words we believe something is going on again and again. how is john durham going to weigh that in the balance? >> well, i think he's going to look at, he's going to have each time someone made representation

what were the facts before them. and where did those facts come from, what did they know about those facts. very importantly here, what should they have known about those facts given their duty to gather facts given their position. and then he's going to ask based on all of that were the representations they made consistent with the law. and it's the a very painstaking process because he has to go line by line, point by point and at each discreet point in time. but that's what he's going to do. elizabeth: all right. that's what he's going to do, and we'll see what happens. we're going to stay on this story. and, sam, we're going to have to bring you back in with your insights and perspective and knowledge. sam dewey, you're always terrific. thank you so much for joining us. >> thank you very much. elizabeth: okayful we're coming into the bottom of the hour. you're watching the fox business network. coming up, young americans for