maybe goldman sachs. if i went regional, i wouldn't go with all of them, some won't make it. >> thanks, guys. coming up, "the place for business." this was a con job. it's one thing, it's inside the paper, that happens to me all the time, especially with the "times" and frankly i could mention plenty of others. if you're a republican conservative, it's very hard to get good press. >> donald trump calling the gray lady's front page article on how he treats women a con job, just one of mainstream media stories. trump is up, and now topping clinton. that's why some here say the liberal media is losing its power. are they right or wrong? hi, everybody, i'm david asman, with mr. steve forbes, elizabeth mcdonald, sabrina shaffer, and

bruce jackson. john, is the liberal media kind of losing its power? >> yes, and this is very good news. what we think of as media is very much a moving target. when you compare that to 20 to 30 years ago, it was major newspapers that could shape the narrative. nowadays, new sources of media alternative sprout up every day that give us a new slant on everything. the ability of "the new york times" to shape the narrative is changing every day. >> we have one big example, the iran deal. look at what white house adviser ben rhodes did, he set the tone in the hen house of the beltway echo chamber. that deal is a deal, not a treaty that congress would have had to pass. it went through with little coverage, proper coverage of what was in that deal. and so the invertebrate state of

the media is in play right now. the fact that that deal, the iran deal got passed, shows the power of the liberal media. >> but getting back to this story, steve, on donald trump, i read the thing thoroughly. it was a long piece, about 5,000 words. i didn't see it as a real hit job against trump. they were trying to convince everybody that because he liked women in bathing suits, that he was unfit to be president. there may be other reasons why he is, but not this. >> yeah, they made it sound like he was going to be the editor of "sports illustrated." even in the story, david, they had to acknowledge several times he hired women for very high, responsible positions in an industry back had that just wasn't done. so you'll never get credit for it, but he's a pioneer. the power of the press is still very real, not only by what they try to cover but what they don't cover. look at the irs scandal, no real followup on that. the clinton foundation, where are the 50 reports combing over

that? not happening. >> does this piece mean the media is losing some of its power, some of its juice? >> absolutely, i'm with john on this. the reason this article didn't have any real muscle is it reinforced the ideas of elitism that supporters of trump and sanders already feel toward the media and establishment. i actually think the media is changing for the better. and about the iran deal, i think there's a lot of economic issues which we never used to get the ear of the media on, like the gender wage gap. it's a huge step in the right direction. >> rich, is the media losing its power? >> i think "the new york times" is losing its power to shape the narrative, exactly as john says. but the liberal media, when you look at it broadly and you include hollywood and you include jon stewart and bill maher and people like that are still very dominant in the

culture. >> so bruce, "the new york times" thought, presumably, they put it on the front page, 5,000 words, they thought it would change the conversation. did it? confrontation. >> here's the deal. i think it did, because we're all talking about it. and i think "the new york times," listen, they did this story, donald trump's persona, his public persona is 140 characters. >> you say it changed the conversation. but the public is the public didn't change their views on trump. he's up in the polls. >> well, unfortunately, his supporters are reading 140-character tweets. more than 50% of the population, if you believe the fox news poll. >> that's fine, if they read the story, there was something in there for everybody. it gets into his private persona which is what they were trying to do, because everybody knows so much about his public persona and you can make up your own mind. if it was a hit job, they would have focused on paragraph 1,000 about this rape allegation that

was denied by his wife. i mean, you know, nobody knows that. it was not a hit job. >> but the fact is, steve, the mainstream media wanted this to do something that it didn't do. they wanted it to bring him down. instead he went up. >> that's right. they're hoping to destroy him forever among female voters who are more than half the voting population today, and it backfired because they overplayed their hand. there was not very much there. he didn't assault anybody. so why did they do 5,000 words? to try to leave the impression that this guy is somehow bad. >> john, the fact is, this isn't the first time the media has missed its punch. in 1980 they all came out against reagan. here are some of the headlines from 1980, reagan paradox, reagan, not his age, his staleness. they essentially said the guy is stupid, he's going to get us in war, he's dangerous. the american public says, the hell with that, we're going to

vote for him anyway. >> isn't that the point? i think the more exciting story about this is 1984. no less than "usa today" reported the coverage of reagan going into the election was 93% negative, most of it negative about the economy. yet he worn 49 states to one. let's remember that the media probably has never been as powerful as we think. the electorate sees through the slant and they have for decades. >> have we overstated the power of the media? >> no. just look at the coverage, the keening reverence the liberals are giving to the immaculate recovery, the great thing obama did with the recovery. there's no mention of how government spending is added to gdp. >> but people still feel like they're in a recession. >> editor harry evans said the failure of journalists, the elitists, means they missed the flight of white working people in the rust belt who are coming

out in droves saying, wait a second, something is wrong. >> i think she hit the nail on the head there. i don't think the news media is persuading people. the reason there's so much support for donald trump is because they don't believe what the media is saying, they don't believe that things are okay, that obamacare has solved all their problems. i think this is actually -- and conservatives should stop whining about the liberal media. this is exactly what they want, it's competition and i think it's working. >> hold on a second. the fact is that what this election has shown, the establishment, and the media is a part of that establishment, has lost their punch. everything they say, the people aren't buying. they say that the economy is doing fine. people feel we're in a recession. they say that donald trump is an idiot and would be a terrible guy as president, he goes up in the polls. everything is mitigating against the establishment. isn't that what this is saying? >> it is. but before we get all excited

about trump's lead in the polls, the betting markets still show clinton with a 70% probability of winning. and the betting markets have been pretty accurate going forward. so, you know, i think that's a reflection that the liberal media still has influence, even if the new yo"the new york time set the narrative. >> bruce? >> let me just say this. i mean, "the new york times" is not dead. this was a story that told both sides. they should be commented. they ran a double truck inside without any ads. i don't even know any newspaper that's doing that anymore. they let these women tell their stories. i would encourage people to read the story, because there was a lot of stuff in there that he promoted women, he said some goofy things to them. >> i would encourage people not only to read the story, steve, but also listen to what at least one of the participants in the story said. the lead woman in that story, the woman who started the article off, they wanted to make her story sound like she was totally anti-trump.

she came out later right here on fox and said no. >> and she also chided the reporting. she said she was told one thing and they ended up doing another in terms of how they were going to treat her in the story. and so what this goes to show is the "times" can't bring people down. but what they choose to ignore also helps shape things or not shape things like the irs story, the biggest scandal of modern times, zippo coverage. >> not here, we covered it here. next, a key republican lawmaker calling for more assistance to egypt to help fight terrorists. some say not so fast. they'll explain, coming up. and you work hard to keep it that way. ♪ sometimes, maybe too hard. get claimrateguard® from allstate. it helps keep your homeowners' rate from going up just because of a claim. call an allstate agent first. 888-429-5722.

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fox news alert from washington. good morning to you this saturday. i'm leland vittert. search crews may have located the black boxes from egyptair flight 804, as new video emerges showing a little bit of the wreckage that's been recovered

from the doomed jet liner. meantime investigators have confirmed that smoke was detected in multiple places on the plane as it flew from paris to cairo and just before it crashed early thursday morning in the mediterranean. that crash site 170 miles off the egyptian coast. of course all 66 people on board have died. and live pictures right now from los angeles. check this out, where a massive nasa space shuttle fuel tank is now making its way through the city streets. it's on its way to its new home at the california science center. officials say the 17-mile journey will take 18 hours. back to "forbes on fox." egypt is under the gun from isis terrorists and it needs more u.s. help. that's who house homeland security chairman michael mccall is calling for. he says the one muslim leader who has spoken out against radical islam should get more

support. steve, it is very clear these guys are targeting egypt specifically because they're against radicalism. should we help the egyptians more? >> absolutely, david, we should help them more. ultimately their fight against isis is our fight as well. not only just in terms of money and weapons, but also in know-how. ma crystal headed up our an anti-insurgency efforts in afghanistan. we have a lot of know-how fighting these insurgencies. we should be supplying that help. they can't knock down this insurgency without our help. >> over a five-year period we gave them $6.4 billion, a lot of money. but we were giving a lot more assistance and help in bringing business over when the muslim brotherhood, a terrorist group, was controlling egypt before this guy. >> i think we should stop this all together. conservatives in congress talk all the time about the definite harm caused by domestic government spending but they act as though it takes on magical

power s when the spending occur overseas. the middle east is a shining example of how our spending can actually destabilize a region and make it worse off. let's just stay out. >> we rushed in when the muslim brotherhood, a terrorist organization, took power in egypt, we rushed in with all kinds of stuff. president obama said they may not be our allies but they're not our enemies and we brought in businesses. there's none of that going on now with a guy who is actively anti-isis. >> steve is right about general mccrystal. it took years to figure out how to fight a proper an anti-insurgency war against isis. they need that expertise. >> so more money or less? >> i agree with rich and steve. october 2014, sinai peninsula,

egypt forces were attacked by isis. egypt is surrounded by failed states. we've had 40 years of peace between egypt and israel due to the u.s. government stepping in. so egypt is an ally. we should help them. >> recently isis came out with one of their videos targets the leader of egypt, saying he's in our sights, we want to get that guy. >> i don't hear the egyptian people screaming out for our help. i prefer instead for the united states to bolster our military backup. over the last five years, contract obligations for our army are down 50%. for our navy, 19%. and for the air force, 24%. what about the united states? >> that's a good point. bruce, we are there in the sinai. there are 250 of our chtroops i the sinai right now, a lot of them have been targeted by isis. >> this is not your father's egypt of anwar al-sadat.

this is a regime that's been jailing journalists. >> he jailed his share of journalists, just to set the record straight. >> of course. but we need to see human rights abuses stop over there and train within the budget of $1.3 million. i don't think they need anymore as long as abuses are going on. >> steve, we've been there. not giving money to people because they don't fit other jeffer sonian standards. >> and you have the opportunity, david, to develop more and more of a middle class and get the kind of civil society and ultimately a democracy in that part of the world. it may take time. we know what isis is and what they're going to do. so yes, not a great choice. i think it's an obvious one. go with the moderate and hope for better times to come. >> john, there is a clash of civilizations, let's face it.

isis has been targeting christians, there are a lot of coptic christians, millions of coptic christians that are being persecuted, killed, forced out of egypt. don't we owe it to civilization to help? >> i don't think so. i'm hearing about how we need allies in the middle east. how does that make us safer in the united states? we're talking about a very dysfunctional part of the world. can't we at least acknowledge the possibility that all of our meddling and spending over the years has made a bad situation worse? >> come on, john. you know there's information sharing going on between our allies in the middle east including egypt about what these guys are doing, not just isis but other terrorist groups. i think there's a payoff there. >> what i would like to do to help those christians is to allow them to immigrate to the united states. that's something we've dropped the ball on. >> that's got to be the last word. the "cashin' in" gaining is getting ready to roll at the bottom of the hours. what have you got?

new worries about the tsa mismanaging airport security in america? plus the left in america pushing more socialist programs. does this prove we should have been moving away from socialism, not towards it? first, the donald takes on the fed. he says the free money is creating a new stock bubble. is he right or wrong? a report. you may want to hide.

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coming up, bursting the fed's bubble. trump says the federal reserve is hurting folks trying to save money. some here say the fed may b

donald trump saying the

federal reserve's money printing is creating a new bubble on wall street at the expense of main street. some here say what happened this week shows that bubble may be about to pop. mike, first of all, the fed created a bubble while killing savers with zero interest rates. >> yes, investors have very few options in terms of where to put their money with rates so low. trump is absolutely right. prices relative to earnings are near their high range. if it weren't for the fed, stock prices would be much lower. the prices are not supported by earnings which have been falling the last three-quarters. >> john has a new book on the subject, called needs the fed?" the fact is, just a hint, just a slight smell of an interest rate rise, there was a stock selloff. >> please. the fed couldn't cause a stock boom on its very best week or year, as my wildly insightful

book makes plain. if anything, the fed's imposition restrained what would have been a much bigger rally. >> steve, we avoid like the playing words like q.e. janet yellen and the fed have been helping wall street at the expense of main street. main street receivsavers are ge killed by these interest rates. >> the growth of credit has been anemic while corporate bonds and corporate government bonds have been booming. the big guys have done well. the small have been hurt. as we know, small businesses are the job creators. >> right. and small businesses, rich, can't get a loan these days because banks can't give out loans if they get nothing in return on interest. >> yeah, that's the problem. look, we have a tragic situation

right now that we don't have -- we've disince iincen iidisincen investment. the tech unicorns today. >> should janet yellen be fired? >> i don't know if she should be fired. she's worthy of criticism here. there's $9 trillion of negative yielding bonds worldwide. the average rate on two-thirds of the bonds around the world are about 1%. so she's keeping rates artificially low for too long. wall street is now in this sort of keep hope alive thing with wildly over-raleigh-durhvalued mike has said. >> if they're affecting so many millions of lives so negatively, she deserves to be fired. >> we need to have a serious

conversation about it. we can't talk about the fed in a vacuum. we have to look at the regulatory side of things. bills like dodd-frank have made it harder for lending institutions to give out loans to the smaller businesses. that's one reason we're seeing problems here. >> steve? >> small lenders have been hurt. anything small gets hurt. this government likes big government, big regulation. coming up, the stocks that go up when interest rates go up.

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>> george soros bought it, i'll piggyback on him. >> gold came way back this week. be careful. thanks for watching. keep it right here. the number one business network continues with eric bolling. a traveler's nightmare right before the busy summer season with the investigation intensifying into egyptair flight 804, tsa security lines are expected to be longer. the agency is hitting congress up for more money. does the government agency really need more of our tax dollars or is it time for a free market fix? welcome to "cashin' in." ed with welcome, everybody. rick, do you think we need to give the tsa more cash to fix this mess or what about a private solution? >> tsa has an enormous