tv The Evening Edit FOX Business May 18, 2022 6:00pm-7:00pm EDT
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♪. dagen: i like beer but not this much. at pga championship a single 24-ounce can of michelob ultracosts fans 18 bucks. that is dollar more than the cost of a 18 pack of mickey ultraat nearest target. for 19 bucks you can upgrade to stella. crazy. talk about inflation. ♪. elizabeth: we're staying on this breaking news. the markets in a major selloff, the worst in almost two years. the white house is struggling to blame someone, anyone for the vicious cycle the markets are in. tonight, how to get the economy roaring again like it was under trump. should biden start firing his staff? with us tonight congressman jason smith, dan bishop, forbes media chair, editor-in-chief, steve forbes, fox news contributor, lara trump, "washington times" opinion editor charlie hurt, townhall.com political editor guy benson and medical pro,
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dr. roger crystal. he is the inventor of narcan. there is this, trump's sway with voters still running hot. we update of trump's record of backing winners in last night's midterm primaries. there were some that lost. we'll give you updates and setting up big midterm fight. president biden asking, russia, venezuela, rare ran for their oil where we produce much better energy. does their oil not create global warming. elon musk said he leaving democrats because they are a party of division an hate. full senate investigation into the baby formula crisis the white house knew was coming last year. new developments on the hunter biden scandal. a trove of never-before-seen emails posted online. hillary's trump russia trial for her campaign lawyer michael sussman revealing more on how her team manipulated the media
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and fbi to destroy trump. black lives matter cofounder admit as mistake, she did admit mistakes as she is accused of using blm donations to pay millions of dollars to family and friends. the white house about to get rid of biden's disinformation board. that news broke today. it was launched to do messaging on bider's border collapse where already the size of chicago has tried to cross. i'm elizabeth macdonald. "the evening edit" starts right now. ♪. elizabeth: okay, don't hit the panic button just yet. yes, stocks again in a broad selloff due to inflation, stagflation, rate hike fears. we've lost more than a year's worth of gains on the dow, the nasdaq, the s&p and target had its worst day in 25 years. this is the worst since the crash of 1987 foretarget. stunning 52% drop in profit for
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first quarter. lowe's home improvement sales came in weaker-than-expected. now we've got to get ready of a upper is of pain for both stocks and gas. gas rocketed another record high. talking $4.56 a gallon. it is above four dollars in every state. that is the first time ever. we have this, both democrats and republicans slamming president biden for talking to venezuela and iran to get their oil while undercutting u.s. energy. u.s. households spending $2200 extra a year just on gas. here is one fix for the economy, unleash u.s. energy. edward lawrence is in washington with more. edward. reporter: well, liz the treasury department and state department will now allow chevron to have a conversation with the venezuelan oil company to possibly lead to an agreement. what a senior administration official is telling me they're easing sanctions just to allow the conversation. no action but this could be seen as a pathway to more production of oil. that official telling me that
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the u.s. would not act without the blessing of the recognized government run by juan guaido. senator marco rubio says this is just part of the far left agenda coming from the white house. >> it can't provide us, oil we need we have. it is in america. they need to allow us to explore it and they're not. they're telling banks not to fund projects. canceling leases. waging war on fossil fuels. waging war on natural gas. it is one reason why supply is not as high as it needs to be. reporter: administration is defending the their policy. >> meantime the releases from the strategic petroleum reserve are serving to basically stablize prices. and so we're doing what we can to avoid further increases energy prices. reporter: instead of negotiating with companies in texas and
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louisiana, the administration is talking about getting oil from venezuela and iran. back to you, liz. elizabeth: edward lawrence thanks for your great journalism as always. joining us now house budget ranking member, jason smith and forbes media chair editor-in-chief steve forbes. congressman. great to have you both on. thanks for spending time with us tonight. congressman, we had a real ugly day on the market. we heard treasury secretary janet yellen say they're doing all they can to lower energy prices. do you brief that? >> absolutely not. look that we hit record gas prices. gas prices are up 90% since joe biden took the oath of office. every state has hit over $4 a gallon. california is at six. this administration is doubling down on their failed policies. i mean president biden was very clear during the campaign. he wanted to destroy, u.s. oil industry and that is what he is doing. elizabeth: to the congressman's
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point, steve, looks like the president is getting rid of biden's disinformation board, that is the news that broke today. will get rid of anybody else in his team or double down biden and stick with failed policies. >> he will stick with the failed policies until he is thrashed in november. he will get pressure from remaining democrats to change course. they're looking 2024, a number of senators coming up for the democratic party. they're looking for a wipeout in 2024. only when they lose an election will they change. they will stay in the bubble and talk happy talk and nonsense we've been getting. elizabeth: we got you, steve. the other thing, trump's candidates did pretty decently, congressman. madison cawthorn lost and oz is in possible recount in pennsylvania. the other candidates that he backed, trump, disticket of backing solid winners we knew some of these candidates were incumbents, would win anyway,
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looks like trump, his choices are on fire. listen to trump on the economy and this, maga, watch. >> over four incredible years we accomplished more than anyone thought even possible. together we were ultramaga, biden did, you know we're the ultramaga, the ultramag gam i said boy that sounds good. he said that, ultramake america great again. that is good. i like that better. we'll never get rid of maga, maga. elizabeth: you know what? we know the capitol riots were hideous, congressman, were awful, should never happen again. what the president was saying during those riots were wrong, what president trump was saying. he is entertaining. he makes you feel good about the economy, he makes you feel good about being an american. he is positive for the country. people can't deny that,. >> liz, he believes in putting
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america first and crises after crises with this administration created, the energy crisis, afghan crisis, you name this, every crisis this administration created has made it difficult on working class americans. you know what? they miss president trump. the reason why president trump is doing so well in all the endorsements across the country because the american people trust him. they believe in him. and they, they miss him. especially his policies. elizabeth: to what the congressman is saying, steve, we've got more smash mouth politics from biden and nancy pelosi. we don't know if the republicans can stand up to that. they have been dividing, attacking, not uniting. more than seven out of 10 say america is heading in the wrong direction. biden was supposed to unite. he has not healed the country. he made things worse. elon musk is saying, he usually votes democrat. he will quit the democrat party because they are full of division and hate. what do you think of that?
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>> i think it underscores what this administration has done or not done. everything they touched turned to you know what. whether crime, the border, inflation, i have a book out on inflation which is getting worse because of the policies of this administration and a federal reserve that wants to engineer a slowdown in the economy. so you put that together we're suffering unnecessarily. none of this had to happen. elizabeth: you know to steve's point, we hear from wall street, we hear from bank of america, congressman, morgan stanley, goldman sachs, goldman sachs is talking about punitive inflation. obama official, larry summers, jason furman, they have all been talking about it, but congressman, there is a way out of this. we can fix the economy. the crises are man-made. how we govern ourselves. how would you fix the economy, how would you fix inflation? >> first off this administration believes the way you fix inflation is to spend another five trillion dollars? you can't inflate yourself out of inflation. you can't spend your way out of
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inflation. stop the spending. even democratic economists said if you pass the two trillion dollar american rescue plan that would lead into unseen inflation in a generation. that is exactly what has happened. stop the spending. grow the economy. unfortunately this administration is shrinking the economy. we saw that last quarter with the gdp falling 1.4%. it is a disaster. every policy they touch they create a crisis. elizabeth: steve, we've got four new states now doing flat taxes. arizona, georgia, iowa, mississippi. but the white house, democrats claim that raising taxes is a fix for inflation. we feel like we've fallen through the mirror and we're on the other side of the looking glass. there is a way out of this but not with this crowd. should he be firing more of his team? >> he should start by firing himself for putting that team in the first place but that's not going to happen. if he gets a new team are they will be better players
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understanding what will make america grow rather than putting it behind the eight ball? all they have to do is resurrect the policies of trump and ronald reagan, cut taxes, more, have real deregulation and stablize the dollar instead of undermining it. tell the federal reserve we don't need recession to cure inflation. elizabeth: you don't. you do not need recession to curb inflation period. you -- dollar is doing very well but we're throwing trillions of dollars of hot money into an economy that was locked up under democrat shutdowns and just reopening with 11 million fewer workers. the way to mop up inflation, congressman, is to unleash u.s. manufacturing, unleash u.s. factories, unleash u.s. energy. we need to mop up inflation with more economic activity. we want to play a sound bite from the premier of canada's alberta. he is saying to the white house why are you going to russia and iran and venz? come to canada. buy our oil. cut it out with shutting down
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keystone pipeline and more. watch this. >> vladmir putin brutal invasion of ukraine is proving danger of allowing dictators to weaponize oil wealth. we were frankly so taken aback when president biden vetoed the keystone xl pipeline. it would have safely delivered30,000-barrels a day of responsibly produced canadian energy to the u.s., more than displacing 70,000-barrels aday you bought from putin's russia. we were also perplexed with the administration response to sky-high gas places was to plead with opec to produce and sell more oil while working to lift sanctions on dictatorships like iran an venezuela. well, senators, calgary is a lot closer to washington than riyadh. elizabeth: yeah. so what are they doing, congressman? >> this administration's war on u.s. energy doesn't just stop at our borders. their war on energy from our
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allies apparently, apparently they want to be beholden to socialist nations like venezuela and iran. it is unacceptable. their policies are disaster an they are hurting working class americans. elizabeth: steve, final word. >> trust america, not washington politicians. we got to get a new team and it's coming in november with the congress. then hopefully in the white house. elizabeth: congressman smith, steve forbes, a pleasure to have you on. come back soon. hillary trump russia trial for campaign lawyer revealing more how her team manipulated both the media and the fbi. biden and democrats deflecting on the baby shortage formula. they could have prevented it months ago. they want to investigate baby formula companies. a report from washington ahead on "the evening edit." >> this is where the president has taken this country. you can't find formula to feed your baby. your groceries are twice the amount that they were two years ago.
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he is talking about investigating abbott labs, whether it used its trump tax cuts to enrich executive and investors and not reinvest in baby formula plants. we have reports coming out of tennessee, two children hospitalized because of the baby formula shortage. hillary vaughn on the story in washington with more. hillary? reporter: good evening, liz, congress is scrambling to figure out how a fix a baby formula shortage leaving some babies hungry. there is bipartisan push on capitol hill to get to the bottom how this shortage got so bad so fast. the white house said they have been tracking the issue since february. so i asked speaker nancy pelosi why congress didn't act months ago? the 28 million in emergency funding changes to wic happened months ago could congress helped prevent the catastrophic shortage that we're seeing today? >> when it comes to babies it is the here and now and in this moment. i think when all of this is done i think there might be a need
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for indictment. reporter: so criminal charges could be on the table but for who? that is what republicans want to know. >> is she going after her own party's fda? will she look to the white house for misdirection and lies they have produced? this fda has acted in a shameful manner. they need to be held accountable. i look forward to speaker pelosi doing just that. reporter: in the senate democrats are focusing on a familiar topic, corporate greed. senate finance committee chair ron wyden launched an investigation into the company making the formula, abbott and their profits over the past few years. widen saying this as abbott spent billion buying back its own stock, it failed to make necessary repairs after critical manufacturing plant of formula located in michigan. liz? elizabeth: hillary vaughn, great reporting. joining us now, congressman dan bishop. congratulations on your primary win last night. what is your reaction to this
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report? >> i wonder when democrats will begin to be accountable for anything. the next thing i expect to hear vladmir putin is responsible for the infant formula disaster. they seem not to be able to solve problems, anticipate problems. the one thing they're great at looking for a scapegoat to blame for their own mistakes and criminal negligence, really. elizabeth: criminal negligence, that is heavy stuff. listen to senator rick scott break down what is going on with the baby formula crisis. watch this. >> i can give you pictures from all over the world. this is panama. they have got plenty of baby formula and this is the united states. no baby formula. i can give you pictures from canada, from israel, from other, brazil, all over the world. there is plenty of baby formula out there. the biden administration needs to figure this out today. elizabeth: well it is because also the fda, right? the fda has strict ingredient rules what is acceptable in u.s.
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markets. also, welfare programs we have in the states, basically helped build a monopoly on baby formula with four companies. there is different structural problems to this, right, that can be fixed? >> well, maybe, liz, if you look at it we don't have some history of this having broken down over and over and over. this was some sort of a problem of execution within the biden administration and they have left this company on the sidelines and it hasn't been resolved in a short order. and so you have created a market distortion and people are suffering for it. elizabeth: so what exactly did they do to create the distortion? >> it is unclear, as your piece indicated. there needs to be investigation but it is evident, that is what i'm saying, the market functioned adequately well. we had abundant baby formula. it points to an error in the fda or the biden administration. >> we've never been this way,
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shortages of chips for cars, shortages of fuel, shortages of baby formula. we came out of shutdowns, a lot of the supply chain crisis connected to shutdowns as well. it is coming out of china. there is a story coming in that america's public school system lost at least 1.2 million students since 2020 after the democrat shutdowns. this is according to a recently published national survey. either dropouts, parents got sick of remote learning. schools that stayed remote longer saw more students leave. harvard is looking at this too. this really hit poor, minority children. when you come out of that, congressman, you see what the parents have to deal with politicized school agendas parents are furious. we'll listen to a mother in clark county, nevada. she was telling people there on the school board, hey, my daughter was told to memorize, quote, pornographic material for her class. watch this.
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>> please don't engage with the audience. >> okay. >> make public comment. your time, you've got one minute and 19 seconds. i ask you simply, this is a public meeting. i ask for decorum. i'm asking. >> dr. jha ra thank you so much. dr. jha ra? if you don't want me to read it to you what was that like for my 15-year-old daughter too have to memmize pornographic material and, and memorize it and -- elizabeth: congressman, bring that up, because these are the school board parents that will decide the elections in the future. they have had it. she was shut down, she was not even allowed to read what her daughter's assignment was. it was pornographic. again we fallen through the looking glass. >> we have, liz. to your point about the story, they say that over a million students have abandoned the schools. that is because they were locked
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down, they were masked, they were on distance learning. parents were dissatisfied with that. parents had the opportunity to see in a new way what was being done in these classrooms or from these teachers. the woke goes broke, sort of manifests itself in lots of different ways. now we've got schools, you know, declining and it is almost like how can they create another disaster next? elizabeth: congressman bishop, great to have you back on. congratulations on your win. you will come back soon. new developments in the hunter biden scandal a trove of never-before-seen e-mails posted on line. the revelations are not a good look for the president or his son. we got it ahead on "the evening edit". >> you have an unequal level of justice in this country. take a look how they delayed justice with hunter biden for example. is the planning effect.
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♪. elizabeth: welcome back to the show fox news contributor charlie hurt. charlie, it is always a pleasure to have you on. >> great to see you. elizabeth: harley, good to see you. what will you look at for when you see this? more than 128,000 emails from hunter biden's laptop were posted online. this is from former trump white house staffer eric ziegler. he worked with peter navarro. he calls this is modern day rosetta stone of white and
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blue-collar crime. what will you be looking for? >> it's a great point. when you look at the volume of emails have gone largely neglected, completely overlooked by a lot of people in the media. no telling what we will find in here. what we have found here is pretty shocking so far. this new trove of emails we found new connections between hunter biden and the son of a mexican billionaire for example, which, you know, when you look at all of the other arrangements that hunter biden had clearly with his father attached to those deals in places like china and ukraine, it gets, it gets very interesting and raises lots of questions that are not being asked but what i think is really interesting about all of this is, liz, when you look through all the hot spots around the world today, which china, the administration is pretending doesn't exist. there is ukraine where we're,
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sending billions of dollars at the behest of the biden administration and then you have the situation with china, i mean, with mexico, where you have this invasion coming from mexico that the biden administration is just ignoring. it sort of starts to raise all the really important questions, i'm sorry, you know, the idea this is a rosetta stone, does this sort of explain all of the foreign policy positions of the biden administration? are we getting the answers to why the biden administration wants to send so much money to ukraine? will we get answers to the questions about why they don't care mexico is allowing our southern border to get completely invaded? these are important questions, that the media has done nothing but try to cover up over the past, you know, year, then during the election. elizabeth: we know senate finance, and senate homeland security, senators ron johnson, chuck grassley looked into this,
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massive probe, damning report. gop lawmakers will launch an investigation when they win back the house. you mentioned a mexican billionaire that hunter appeared to have a relationship with him. there appears to be a quid pro quo where he was saying to the mexican billionaire's son, yes you can come to the obama inauguration, yes you can come into the obama white house. thank you for lefting me visit your villa. the next level, what access did hunter give his foreign partners into the obama state department or other agencies? we have blue star strategies which is the bureaus ma, ukraine burisma energy firm where hunter sat on board. blue star strategies was inside of the state department lobbying on behalf of burisma. blue star recently filed as a foreign lobbiest. looks like they had not done that before. looks like they're cleaning up their act as hunter faces a justice department probe.
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>> even if hunter biden does sort of clear up some of those, especially the tax issues, that does not answer all of the much larger, far more important questions as far as i'm concerned and that is, what are the vulnerabilities that president biden himself and the biden administration currently, what sort ever leverage do these people have over, over this administration? and in what ways does, do those complicated relationships, financial relationships in which it is very clear that joe biden, president biden, was a beneficiary of, beneficiary of this? elizabeth: charlie, he campaigned as middle class joe, as working class joe. >> yeah. elizabeth: getting these deals, 10% for the big guy, potentially from a chinese energy conglomerate. it is a hit to the reputational brand that he built as working class, middle class joe. >> absolutely. and how many regular joes out there, lunch bucket joes,
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blue-collar lunch bucket joes joe biden claims to represent, how many get personal invitation by the son of sitting at that time vice president and son of the president of the united states? i don't think many lunch bucket joes got the invite. elizabeth: or plumber joe's. good to see you. black lives matter back in the headlines. its cofounder now admitting mistakes. this is what is going on, using blm donations to pay millions of dollars to pay family and friends. the cofounder patrisse cullors admitting wrongdoing but making mistakes. we'll break it down with lara trump, just ahead. >> not like i literally you know, opened up the bank accounts, i'm bringing all my family and friends in. folks have skillsets.
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insider dealing and alleged corruption at black lives matters. reports based on blm tax filings, that is what is happening right now. we'll break it down with former senior trump campaign advisor lara trump. lara, a pleasure having you on. cofounder patrisse cullors, got blm to pay $400,000 to her brother's company for security services. $900,000 to a company run by the father of her child to produce live, creative events. basically reimbursed plaque lives matter $73,000 for a charter flight. this doesn't look good for patrisse cullors. >> yeah. the entire situation i think is really bad surrounding black lives matter. this is an organization, liz, that at its core, it is a marxist organization. they believe in the dissolution of the nuclear family and their goal has been, they will continue to tell you this to this day, to defund and
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dismantle police around the country. well they were unfortunately for a lot of people successful in some regards in doing that because a lot of police departments lost funding over the past two years and crime has gone sky-high in big cities around america. who are the people most impacted by that? who are the people having to deal mostly with this rising crime? unfortunately it is black americans. these are the very people this group claims to care about the most. you have these tax filings you're mentioning. in much the same way mainstream media and hollywood propped up joe biden and basically told everybody they needed to vote for him, basically did the same for black lives matter. told people they should support the group. i remember i couldn't go get a smoothie at a certain point without knowing that part of my money supported blm. they were successful raising $90 million t was a very
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lucrative situation for them. instead of funneling that money back to the black community, instead of maybe going to help small businesses that were destroyed, some $2 billion of destruction during the riots in the summer of 2020, now we find out that the money was spent on man -- mansions, one of them in canada, not even in the united states. charter flights and friends and family that received pretty big sums of money from the cofounder. it seems like a bad situation all around. they have ceased fund-raising because states like california, washington, very liberal states back in february told them they were no longer allowed to fund raise in those liberal states. so it seems like a lot of people got bamboozled and at the very core of this it seems like a scam on social justice. elizabeth: indiana, ohio, they're investigating.
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patrisse cullors saying she made mistake, with quote, white guilt money. she is learning from the mistake. she says the tax returns trigger her. she feels unsafe. well everybody has to file taxes. there is a victim stance in the fight-back against it. what is concerning, breonna taylor's family, michael brown's family, they didn't see the money. there were grants given to victim foundations. blm chapters complaining about it. 42 million in assets after they raised 90 million. we don't know why 26 million is at a separate tide foundation fund. they are risking themselves to an irs audit or probe. >> maybe ultimately we'll see that happen. you're talking about all these groups nobody saw any money. they did donate $200,000 apparently to the trayvon martin foundation. you see, roughly, almost a
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million dollars going in paychecks to friends and family of the cofounder. seems like those numbers should be reversed if they're doing the work they claim to care about, that they were supposed to do. it's a messy situation. elizabeth: we've got, chicago is the gang capital of the world. there is anywhere from 100,000 to 150,000 gang members, maybe, 70, hundreds of gang affiliates in chicago. we don't hear about. lm speaking out about that. lara trump, good to have you on. come back soon. good to see you. authorities seizing fentanyl amounts at the border. the creator of narcan, he says that narcan can't stop the dangerous drugs across the border. how the hillary team manipulated both the fbi and the media. that is ahead on "the evening edit".
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♪. elizabeth: joining us now, fox news contributor, townhall.com political editor guy benson. guy, always a pleasure to have you on. great to see you. >> hey. elizabeth: what is jumping out at hillary trump russia trial of hillary campaign lawyer michael sussman, how much the hillary team, including sussman manipulated the fbi and doj with threats of going to the morning times and reuters to get the government to go after trump. you think about it, guy, this is the last stretch of the 2016 race when hillary was not going to wisconsin, she was not doing retail politics like her husband told her to do. seemed like maybe her energy was focused on this? >> yeah. it almost worked for them, right, but not quite. the voters had different things in mind. there were a lot of other issues at play. this whole question then proceeded to dominate, or at least hang over the trump presidency for years, even after
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the mueller investigation found no collusion. this is our first meaningful glimpse in a courtroom the other side of this, how it got started. who was responsible for it. what was real, what was a begin gined up dirttry trick, did this one man tell a significant lie to the fbi? from my perspective this has been yes. durham has been very careful to go after someone he feels he has got the goods on. if the jury agrees, he is found guilty, the question becomes okay, does this percolate out further? are there more indictments regarding this conspiracy. was it political or a criminal which would be scandalous. i hope we get indicts or descriptions or comprehensive report by durham how this happened and the ball got rolling the first place. elizabeth: to your point there,
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sussman legal team, one of their line of defenses, oh, we needed to give the fbi heads up "new york times" would be doing the story. when they were selling it to "the new york times." it doesn't seem like "the new york times" was moving on it. they were going to reuters to do a story. they eventually got a story out of slate. guy, you talked about this too, how sometimes people in the media are hostage to their own source, even if the source selling them rotting fish, right? they take the source as for their word and take it on and then do the story instead of having that circumspection they should have. the fbi should have had too, but the fbi officials did not. >> right. elizabeth: the fbi officials, the d.c. office was heavily politicized according to our fbi sources who were outraged what the james comey office was doing. it felt like a perfect storm hillary new about, stepped into
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to get the government to go after trump. >> don't forget a few years ago the inspector general found this was very politicized as well. was the fbi duped did they want this to be true? i think absolutely the case, media, journalists entities, wanted this to be true. they got ratings, clicks, awards, massive number of revenues which this story turned not the whole story they claimed it was. a lot of incentives were aligned in seemingly perverse way and that hung oaf a entire presidency. >> guy benson, you're terrific. great having you on. the biden white house gets rid of biden's disinformation board at homeland security t was supposed to handle messaging about biden's border collapse. up next the inventor of narcan. this is about new drugs pouring across the border that narcan
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cannot cure. we have the story ahead on "the evening edit." >> when title 42 goes away, instead of 230,000 per month coming in, we'll have 500,000 coming in. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
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the opioid epidemic, this is days after another sophisticated drug smuggling tunnel was found connecting tijuana mexico to san diego california. there have been hundreds of tunnels at the border since the 80s. chad pergram is in washington with more. >> there is a nexus between illegal drugs and illegal migration into the united states. republicans highlighting how border crisis fuels the drug threat. >> 2.4 million illegal crossings last year, 500,000 getaways, a lot of them are carrying backpacks with drugs in them. >> most drugs aren't stuck in by those crossing the border illegally. >> the ports of entry, the seizure of narcotics was the at ports of entry. >> democrat in california demands beefed up inspections. >> less than 2% of private vehicles and 15% of commercial
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vehicles are screened for narcotics of the southwest border. >> title 42 ends of the border this month, dhs says that will boost the drug trade. lawmakers are wondering if the government couldn't treat fentanyl as a weapon of mass destruction. >> why is the introduction of fentanyl and substantial quantities into the country, why is that a terrorism risk? isn't this a chemical weapon? >> border security is a key issue in this falls midterm elections. elizabeth: terrific recording as always, joining us now, doctor roger crystal, inventor of our camp. used to prevent overdosing from synthetic opioids. thank you so much, we are grateful to have you on. we are seeing ohio officials call a frankenstein opioid, narcan does not work on it. what is your concern about that? forty times more powerful than fentanyl, 2 milligrams can kill
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somebody. >> thank you and thank you for the opportunity to speak with you. this crisis continues to get worse because it's now a fentanyl crisis, fentanyl has been further changes and derivatives arrives such as the one you described. we need to be absolutely on top of this crisis in a way we need to have better access to saving lives through opioid overdose reversals. this is what the nasal spray is and we are developing a company to try to save more lives from this terrible crisis. elizabeth: are you working on a stronger nasal spray to fight against internal even more powerful synthetic opioids? >> when we developed the narcan naval spray three years ago, this opioid crisis was one confined to heroin and other prescription pain such as
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oxycontin but we need reversal agents, it can be used that's faster, stronger and act longer and that's what we believe we have in the making with our program, a nasal spray. we've had terrific data that shows it acting in this way. elizabeth: by the way, thank you for your service with narcan because we've heard from border patrol and customs and border protection that this is helping law enforcement who has to pull fentanyl out of cars and they get knocked out, it happened on the golden gate bridge and the california border in texas border patrol got knocked out and they need narcan. when you see the frankenstein opioid, can narcan work against that? >> it's not yes or no can or
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can't it they work to some extent but we need the products out there. every overdose is different, if you get a huge amount of narcan nasal spray to a patient very early on, very quickly after they may be in an overdose, the chances of it working are far higher than fewer doses and you provide much later. every second counts. we hear the phrase time is brain meaning every second you wait until you refer someone or you don't use as much of a reversal agent as you need to, that's where the data arises. elizabeth: more than 107,000 already the overdoses, two thirds from opioids and majority of that is fentanyl, final word? >> this crisis is not going anywhere. we can look at different reasons it is where it is but it doesn't
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change the fact we need to do something now. elizabeth: got it. congratulations, thanks for coming on, good to see you. i'm elizabeth macdonald, been watching "the evening edit" on foxbusiness. we hope you have a good evening and join us again tomorrow night. ♪♪ kennedy: ding dong, the witch is dead. ♪ we are all in song now. right, nina? president biden's ministry of truth dissolved the how long does the white house try some other one of control the started a few weeks ago when the administration announced creation of the so-called disinformation governance board. sounds bland and bureaucratic. public by design, nothing to see here. move along. fortunately some freedom lovers caught wind and what they found
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