scared of primary challenges. >> dana: it's been a fascinating hour, lessy marshall and luke thompson. we appreciate it. nancy pelosi is going to speak at 5 p.m. any moment now joe biden will speak. thank you very much for joining us. >> shepard: calls for president trump to be impeached or growing and we expect an announcement on impeachment action of some kind from the house speaker this afternoon. we are also expecting to hear from joe biden sometime in the next half-hour. this comes after president trump admitted in a phone call with the newly elected president of the ukraine that he asked the ukraine to investigate his political rival and former vice president joe biden and his son. last hour the president tweeted that he has no unauthorized release of the full unredacted transcript of that conversation. he said we should get that tomorrow. days before that phone call, the president ordered withheld

almost $400 million in military aid to the ukraine. money approved by congress to assist the ukraine and its ongoing conflict with russia. the top democrat in that congress, nancy pelosi, is set to meet with democrats an hour from now to chart the course ahead. she said she will make an announcement at 5:00 p.m. eastern time. speaker per pelosi was pressed in any event on whether president trump committed an impeachable offense. >> you have to honor the oath of office for the constitution of the united states from all enemies foreign and domestic. that's what we have to do. now we have the facts, they are ready. for later today. [laughter] >> shepard: when we have the facts we are ready for a later today. also congressman john lewis is

the time for impeachment proceedings is now seeing the future of democracy is at stake. stake. in those, president trump claim they have withheld military aid from ukraine because they wanted other countries to pitch in. >> president trump: i think other countries should be paying. i want other countries to put up money. i think it's unfair that people put up money. >> shepard: that's a new reason, new today. they withheld the aid because ukraine was not corrupt. >> president trump: we are supporting a country, we want to make sure that country is honest. if you aren't talking about corruption, why would you pay

the money? >> shepard: on a very busy news day, john roberts is in new york. >> when i was on with your colleague dana perino at the top of the 2:00 hour, i said that releasing the transcript might be the only way that president trump can improve his side of the case. literally 30 seconds later at the president tweeted that currently the united nations as representing a country has authorized i completely unclassified and unredacted conversation with the president of ukraine. and, quid pro quo, this is nothing more than a continuation of the greatest and most destructive witch hunt of all time. that was a $391 million which was held up because there were concerns in a number of points. one was the history of corruption in the u.k. and one

was whether or not the allies, european allies were pulling their weight. the g7 was coming up, the president was looking at the foreign aid and are we getting enough out of our aid that we are giving them to these countries. when you see the transcript you will know that they did he didn't do anything wrong. >> president trump: when you see the readout of the call which i assume you will see at some point, and, that call was perfect. the ukrainian government put out a statement, but there was pressure put upon with respect to joe biden. >> now corroborating with the president said about wanting to

make sure that our allies pulled their way to, senator rob portman of ohio is the founder and cochairman of the ukrainian caucus in the senate. he made the a phone call to the president after the inspector general's complaint was filed. congressional sources tell me that the president's concern was that other allies were not pulling their weight. at no time during that call was a mention of joe biden or rudy giuliani. the president this morning also saying that the aide that he is providing to the ukraine is at a different level than previous administrations. listen. >> president trump: obama used to send pillows and sheets. i said dumb i can send antitank weapons and other things to ukraine. and i don't know if you know it or not, that payment was made that i wanted to get other countries -- other countries should also pay but frankly it affects them more and that's a

barrier that the wall between russia and the u.k. they don't pay, why are they not paying? why is it always the united states and spain? i made that loud and clear. said that to mick mulvaney. he's going to release the transcript tomorrow but already democrats are saying, that's not good enough. he said we need to see a complaint. if that complaint was based solely on the conversation, then we will find out tomorrow exactly what was in that. we were told other things as well, and they are making preparations to come before congress in some shape. it could be behind closed doors

interview with the house intelligence committee or maybe even the senate select committee on intelligence. we don't know yet but notification has been given to the dni that whistle-blower that he or she wants to come before congress. >> shepard: there is breaking news from "the wall street journal," quoting now the house speaker nancy pelosi to announce formal impeachment inquiry of president trump. that announcement is expected at 5:00 this afternoon. "the wall street journal"'s parent company and fox news parent company share, like a common ownership. the president's pressure on the ukrainian leader to investigate joe biden and his son was a partly one part of a broader whistle-blower complaint from a member of u.s. intelligence services. that complaint went to the inspector general who deemed a credible and urgent concern. according to reports, rather than submitting the report to the congress, the inspector general consulted with the administration and the department of justice blocked from lawmakers. democrats in congress are demanding that complaint and a

copy of the transcript of president trump's phone call with the president of ukraine which president trump now says he will release tomorrow. minutes ago, worried that the whistle-blower wants to speak to congress as john roberts referenced and the chairman of the house intelligence committee adam schiff said he is looking forward to the whistle-blower's testimony as soon as this week. andrew napolitano is here. we had a lot of busy news day's but getting your hands around all that has happened today is very difficult. i want to break this down to something very simple. the president admits that on the phone call with the president of the ukraine he requested that the president of the ukraine investigate his 2020 political rival, joe biden. is that a crime? >> it is a crime for the present to solicit aid for his campaign from a foreign government. >> shepard: so that to which the president has admitted is in and of itself a crime. >> yes, it is the same crime for which the organization decided

not to seek an indictment. >> that's on the obstruction of justice, whether or not there was a conspiracy theory. he said there's some evidence but not enough to indict. and it's the same crime, an agreement or solicitation for assistance for an american campaign regulated by the federal election commission. >> shepard: at rudy giuliani's that he too pressed her ukrainian officials to investigate biden at the suggestion of the administration. >> if it was done as part of the reelection, if the president wanted -- said i want you to

investigate the principle. >> shepard: there whistle-blower first report of the presidents action and unspecified other actions. inspector general deemed that information credible and of urgent concern, rather than take that complaint to the congress, the inspector general went to the administration for guidance and the administration blocked its transfer to the congress. is that a problem legally? >> yes, the administration is on very thin ice. the statute says inspector general, if he finds a complaint to be at credible and urgent shall, not may, shall, share it with a gang of eight. the gang of eight is the bipartisan leadership of both houses of congress and the bipartisan readership of both intelligence committees. he didn't do that. he got -- the ruling from the

justice department says, wait a minute. the complaint was filed with the inspector general of the intelligence community. the president doesn't weight, and therefore that complaint is moved. the congress has every right under the statute to know about it and that's where we stand legally. and, and those are things that the president has admitted. the president has admitted that, investigating his upcoming 2020 presidential rival. how serious is this matter for the nation and the democracy legally speaking?

>> absolutely it is impeachable offense and why do i say that? it's stated in the constitution. treason, bribery, other high crimes and misdemeanors. the president of the ukraine, that would be an impeachable in offense. >> first, there was a withholding of the aid, which the congress in a bipartisan w way. then the president without explanation at the time dropped that transfer of money. then, it sits confirmed by fox news that there was a phone call during which the former vice president, and that's why you are getting to this bribery

accusation? >> yes. now the grand jury as the house of representatives and they decide whether or not this constitutes bribery. the trial jury is the senate and they also decide whether or not this constitutes bribery. what words to the president use? did the president use code words, as one of his former lawyer said he often does when he knows others are you listening to his conversations? did the recipient of those words understand them to be the code words? the conversation that president zelinski had with senator chris murphy of connecticut will come into this because chris murphy of connecticut said don't do what the president asked each of you and president zelinski said, don't worry, we are going to do it. >> shepard: often it's difficult to see the forest from the trees. how big of a day is this?

we know about that when we hear from mrs. pelosi and just a little bit. >> shepard: i just got information that mrs. pelosi is in conference at the moment behind closed doors with adam schiff, chairman of the intelligence committee and jerry nadler who would be overseeing matters of this sort through chairmanship of the judiciary committee. they are behind closed doors discussing future actions at 5:00 this afternoon. we are expecting some sort of announcement from speaker pelosi after she meets with the full leadership caucus at the top of the 4:00 hour. the next two hours are important for all of us. judge, very good of you, thank you. a lot of history and historic news. any moment we are expecting to hear from joe biden. he was scheduled to speak 45 minutes ago and it has been postponed but we are told we should expect that in 15 minutes.

then trump with the united nations meeting and then at 5:00 speaker pelosi will make an announcement with "the wall street journal" has been reporting will be the announcement of a formal impeachment inquiry into the president of the united states. reporting and analysis continues on fox news channel. aleve it. aleve is proven better on pain than tylenol. when pain happens, aleve it. all day strong. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard.

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at the end of the tunnel as of 12pm today, i am debt free ♪ not owing anyone anything is the best feeling in the world, i cannot stop smiling about it ♪ >> shepard: urgent news. chris wallace, the moderator of fox news sunday, fox news anchor and analysts and all the rest have secured an exclusive interview with the iranian president has on ronnie and that interview is, my understanding, scheduled to be underway at this moment. the interview will air tonight on "special report" with bret baier. our own chris wallace has scheduled an interview with pusan raw honey and i hope you will be with us tonight and every night at 6:00 p.m.,

"special report" with bret baier. chris wallace, today. and, democratic officials are expected to meet in less than an hour about the whistle-blower report and the possibility of impeachment. member "the wall street journal" is now reporting that house speaker nancy pelosi is expected to or will be announcing the beginning of impeachment proceedings this afternoon at 5:00 eastern time. she just met with adam schiff and jerry nadler behind closed doors and in about 40 minutes she scheduled for house leadership. then at 5:00, make an announcement and chart the house of representatives course moving forward. our senior producer from the house notes this is a significant shift and moderate recent representatives, while more than half of the democrats in the house of representatives

now support impeachment but it would be seven, including a gang of five among them who are freshmen in the house. in the districts that trump one or the districts that hillary clinton one by not very much, they were what they call the majority makers. throughout this process speaker pelosi has been protecting those new democrats by holding on the left flank of her party that is demanding impeachment proceedings. now all of that with her movement toward impeachment or at least impeachment action has changed. house speaker nancy pelosi has registered calls for impeachment proceedings for months now and she has resisted those calls. i noted earlier that the source tells "wall street journal" that the speaker plans to announce a formal impeachment hearings in about an hour and a half. mike emanuel is on capitol hill. >> a number of our sources have been telling us similar things,

as heading in the direction of a formal impeachment inquiry but they did not want to get out ahead of nancy pelosi's announcement at 5:00 p.m. eastern time. she spoke a short time ago about where things stand in a more broad way. >> it's really sad to think months. it's hard to say we've gotten to that place. but what would be an impeachable offense would be that which is proven in an investigation. >> momentum has been heading in the direction of a more formal impeachment inquiry with more powerful voice is now saying are on board. >> the people have a right to inquire. people have a right to know when they can put their faith and trust in the outcome of any

election. they have a right to know whether it was undermined by the people sitting in the white house today. >> what is not clear is exactly how long this impeachment inquiry would take place and where exactly it goes. we expect her to perhaps lay out those parameters later this afternoon. >> shepard: what are you hearing from republicans? >> mitch mcconnell spoke a a short time ago and, getting things done in a bipartisan way. >> shepard: interruption, joe biden now speaking regarding all of these matters, let's listen. >> the recent days have made that even clearer, not only to me but i think everyone. the president believes there is no limit to his power. the president believes he can do anything and get away with it. the president believes he is above the law, pursuing the leader of another nation to

investigate a political component and to open an election is not the conduct of an american president. the allegations that he blocked hundreds of millions of dollars to congressional approved aid to another country, it's an allegation. unless he agreed to smear a political opponent, is not the conduct of an american president. denying congress information, which it is constitutionally entitled to, and obstructing its effort to investigate actions is not the conduct of an american president. it is an abuse of power. it undermines our national security. it violates his oath of office. and it strikes at the heart of the sworn responsibility that the president has two put national interests before personal interests. i knew when i decided to run that this president would attack me and anyone else he thought would be of threat to his

winning. well, that's what he does and that's what he's always done. even though every reputable publication has looked at the charge that has been made against me and found it baseless and untrue and without merit, that's not about to stop him. i can take the political attack. they will come and they will go and into time they will soon be forgotten. but if we allow a president to get away with shredding the united states constitution, that will last forever. too many people, too many good decent people have taken an oath to this nation and given their lives over the past 243 years to let that happen.

too many people are serving this nation and honoring that oath to let that happen. this is in a democrat issue or republican issue, it's a nationalist issue and a security issue. it's time the administration stopped stonewalling and divided congress all the facts that it needs including a copy of the formal complaint made by the whistle-blower. it's time for the congress to fully investigate, and the president should stop stonewalling all the investigations into the alleged wrongdoing. use his full constitutional authority and congress in my view should demand of the information that it has a legal right to receive. the president does not comply with such a request to the congress. he continues to obstruct congress and flaunt the wall. donald trump believe congress in my view no choice but to initiate impeachment.

that would be a tragedy. but a tragedy of his own making. i have always believed and still do that america is a truly special and unique nation. better than any other nation in history. we have made the experiment of self-government work and we have always been a beacon to other countries around the world. we know who donald trump is but it's time to let the world know who we are. thank you very much. >> shepard: there you have it. joe biden, discussing the allegations against him which have indeed been proven baseless, at least at this point. remember it was joe biden's son who worked for a company that had dealings in the ukraine and the vice president later came forward and said we stopped at the eight payments to the ukraine and many of those who

are on the side of the president have said it, there it is, there is the proof that joe biden has at least not acted improperly. but that's just not the case. the case is there is a corrupt prosecutor in the ukraine and much of the world is trying to get this prosecutor ousted. the prosecution would do away with the money and that was something around a billion dollars. so the europeans were pressing, many of the european nations, the united states was pressing and all putting pressure on the ukraine to get rid of this corrupt prosecutor. eventually the ukrainian leader got rid of the corrupt prosecutor and, after that, the money was released to the ukrainian that were fighting a war against our enemies in russia.

and the matter at hand is a phone call that the president of the united states admits he has with the leader of ukraine and which the president of the united states admits he pressured the leader of the ukraine to investigate his chief rival in the presidential race for 2020. judge napolitano reported that if he did what he said he did, that's a crime and that is the reason that democrats and the house of representatives are now moving toward impeachment action of some kind. and that is what vice president biden, the former vice president and now candidate on the democratic side of the presidency, brought him forward to make the statement he just did. to my hearing, and correct me if i'm wrong, there was a lot going on, but it sounded like to me what the vice president said was if the president continues to obstruct justice they have no

choice but to begin impeachment proceedings. >> that is entirely correct and i've come from the biden campaign has told axios the same thing. this is very much in line with what speaker pelosi is saying right now. we expect to hear from him after she gets through several meetings on where to move forward with impeachment. what we are hearing now on the hill and what forces have told me is the speaker is ready to formally announce that she supports and impeachment inquiry at 5:00 p.m. this is a massive shift from where she has been for several months now as a leader who has tried to hold back a growing wave of impeachment within the party and with the caucus. >> shepard: alayna, stay with us. i've gotten word that the president will speak in 3 minutes from now. we will have live coverage when that happens. now it's impossible to overstate the significance of the seven -- i guess you would say moderate house freshmen on the democratic side whom speaker pelosi has

said over and over again that she has been protecting from the cry from the left for impeachment proceedings. there are some in trunk districts that president trump one who where the majority makers if you will and she'd been protecting those. when they came over to some sort of impeachment action, that seems to be what tilted the pendulum in that direction. >> that was deftly big part of it and that's why the speaker has been providing coverage to a lot of people including those moderate freshmen who have been reluctant to jump on board with impeachment. but another part of this is it started to get into progress over the weekend. i was told from people familiar with what he said and his conversations with the speaker that they had coordinated that response. that was already in motion before some of these numbers came out but now we are increasingly seeing moderate

members come out and say they are supporting this. we saw congressman john lewis who was one of the key people who people were waiting to see what he would say. a lot of people told me he supported impeachment unless the speaker support of that ending what he was going to be saying. all indications are pointing to a massive turning point. it's happening very quickly on the hill today. >> shepard: we just got word by your speaking that our senior producer has just reported to us here in new york, he now says speaker pelosi will speak or just a couple of minutes, two or 3 minutes at the top of the 5:00 p.m. hour. so an hour and a half from now she will make a statement. she will not take questions and will move on from there. alayna, if all works out as we have been led to believe, this will be very much a process, not an event and, this is -- the

importance of this is the house of representatives can now compel evidence and compel witnesses. >> there will be a house intelligence committee hearing with joseph maguire and what everyone is looking for there, that's what all the members on the hill are asking me for. we did recently just say that the president said he will release a copy of his transcript with his call, with their ukrainian president into white. but members want more than that. that will be the first step in a much longer process after we hear from the speaker at 5:00 p.m. the one thank you. jeanne cummings now, political reporter for "the wall street journal," deputy borough chief for "the wall street journal" which has been breaking ground on the story. full disclosure, "the wall street journal"'s parent company and fox news parent company share common

ownership. alayna, your thoughts on this? >> i think that's a thought here to end off, there's a lot more to this that we will be looking for the next few weeks. this will definitely create some issues and and that's after today and after today's announcement. >> shepard: thank you so much. gina, your thoughts on this? >> it's certainly a dramatic turning point, and his advisors must warn him trying to tamp it out. confirming he made the call, confirming he said biden's name, just trying to stamp the leaks.

and i think the other thing with nancy pelosi they can explain this to the voters in a way that the mueller report got all very hazy. congress has a right to this document and its own whistle-blower, assuming a nonpartisan government employee that needs to be protected, and that is what the fight is over. people can get their arms around that one. >> shepard: with the mueller report there were ten, or nine depending on how you count them, they were a number of instances where robert mueller said that there was evidence that the president of the united states obstructed justice but of course he didn't come to any indictment or anything that. in this particular case, it somewhat different. and i like your thoughts on this. the president admitted he had this conversation with the

ukrainian leader and he admitted that he asked for investigating of his chief political rival and our senior judicial analyst judge andrew napolitano says that in and of itself is a crime. >> particularly with the federal aid. the hundreds of lions of dollars that you are supposed to send to the ukraine were hanging in the balance. he wants others countries to pay more, while there's no evidence if we went around asking people to pay more. that would have been around the routine and public events. it definitely is, we definitely moved to a new phase here, and the one risk that democrats are taking is that the transcript has the same amount of political punch as the mueller report.

and we don't know if they were all in one phone call. it sounds like they had the transcript of one phone call. the whistle-blower report may reference multiple conversations, we just don't know. it's the one in fact at the reporting of "the washington post" and others there were multiple instances detailed in this complaint which was supposed to have gone according to law from the whistle-blower through the inspector general. the inspector general then deemed it credible and of urgent. at that point under law it was going to the house of representatives.

that's -- i didn't make that decision, the do doj dead. that is definitely the sequence of events that were already being investigated, and at least the ukrainian delayed payment was being investigated, and now we had all of that flareup. and now all of those elements will be part of a broader probe. >> shepard: thus far politically the president's supporters have come forward to, those who make the rounds on television otherwise and have said look over here at joe biden's son who worked for a business and there was a withholding of and trying to make it know it's this and know it's that. do you have a sense for politically how that's working? >> we don't know yet but clearly that's their mode of attack.

that democrats say mueller and the republicans say comey. now we have the same situation where we try to divert attention or muck it all up so the public says, look. they are all a mess and we don't get this and i don't want to hear about anymore. so biden's camp has to be prepared for this, and that explains it coming out today. we will come forward just a few minutes from now to speak, but in the meantime, we mentioned jeb bush. now there are suggestions that the way that they seem to be a come, their playbook on this matter seems to be as you

mentioned to create chaos. whether that chaos is enough to drown out the facts and the substance of this matter, i think really has yet to be seen. >> i agree with you. everything depends on what is in that whistle-blower report. mueller pulled his punch. and while it was very bad, didn't have the kind of volume and impact it could have had. that has been elevated to come this will be terribly revealing and important and damaging, what if it's not? what if it's bad, but not political depth now. democrats will be right back into the place that they were at the end of the mueller report.

>> shepard: nancy pelosi said today this isn't about politics, it's about the democracy. and she pointed to as we've been discussing the matter of pressuring of foreign leaders to have influence on a political campaign which is expressly forbidden. i had just gotten a notice on president trump, i told our viewers that we were expecting him to come forward and speak in just a moment, and as it turns out he is speaking but this is one of those situations where rather than allowing for live coverage of the president, they are doing what the white house pool calls a tape turn. so the president is speaking now and i can give you some highlights of what he's saying. he is with the iraq he president at this moment and talking about thousands and thousands who have been captured. he is asking -- remember in the past he has threatened to release some of those isis fighters in europe, if the europeans don't step forward to take some of them. at this point, and that's to

press opportunities that are left and unsure about how that works. so the president is speaking now, and in just a moment we will have a tape turn from that. jean cummings. so many items in play, and nancy pelosi was going to be greeted by some impeachment proceedings. all this becomes a cacophony of sound. >> the white house's refusal to a whistle-blower document, when

under the law, and that's the infraction. she believes that is something that voters can get their heads around. today has been a very fast pace, and we are hearing that from all the principles, and that just shows the acceleration of this. now one thing the white house might end up doing tomorrow when the head of dni is supposed to testify on capitol hill is tell him, bring the whistle-blower report. that ends the conflict which would end of the so-called constitutional crisis that is being created by the white house's refusal to hand that document over. that takes some of the heat off

and we can change the dynamics as well. lots of cards left to be played. >> shepard: a lot of people on both sides of the hill that there's this belief that the president might have been pushing them towards impeachme impeachment. he felt protected with the republican-controlled senate which would never convict him of anything. with that as the background, we just got this from the president speaking moments ago. he was asked about, while having this news conference of sorts as the iraq he president, they set and have camera appearances, that just happened. the president asked about impeachment and he said we had the best numbers we've ever had. country is doing the best it's ever done and he said i just heard that she would like to impeach. rasmussen said 53% and then thee presidents of this. they are going to lose the election. if she does that, say it's

positive for me. in other words if nancy pelosi goes forward with impeachment proceedings for whatever reason, it's a positive for me as president trump is speaking so go ahead and do it. that fits with the narrative from a long time ago. and the bigger issue really is the whistle-blower complaint. >> i think both pelosi and the president we are looking at the clinton model from the 1990s. and that brought impeachment charges against president clinton in the midst of a very strong economy. the public rallied around the president. so that is the model, and that too pelosi is the cautionary tale. because the republicans then began in the next election cycles they lost the majority of

the house. the republican party -- of the senate did not convict. so to trump that's what he is looking at. okay, the house will impeach me and my people will get all riled up, they will be all upset. the senate won't convict so i won't be removed from office. and so it will be a grassroots organizing mechanism for him. all that said, i don't think the president wants a impeachment on his record. he looks at a model and, this is all right, we are going to make it. but our reporting has not found the president's etching to be impeached. >> shepard: jean cummings, for "the wall street journal," thank

you so much. here's what's new. it seems like there is something new every 5 minutes. again, the president is speaking and we will have the tape turn of that and we will play that out in the moment we have it. in addition we just got word from adam schiff who is chairman of the intelligence committee, and adam schiff has just announced that he is asking -- he will introduce a resolution on the floor such that the administration will be compelled to turn over the complaint of the whistle-blower which the administration blocked. that's whistle-blower as a reporting and fox news does not have firsthand knowledge of what it is that the whistle-blower has put forward. however, the whistle-blower has put forward a number of different instances, and the inspector general has reviewed information, interviewed the whistle-blower ending the information and the whistle-blower credible and the

information that the whistle-blower has brought forward of urgent detail. so, that information by law was to go on to the house of representatives for review by the lack of the gang of eight. folks on both sides under the cloak of secrecy, not for public dissemination, but for them to decide how to move forward. the administration blocked that move. and a bill to compel the white house to let that happen. i believe you have more details on that, correct? >> we just got information in the past couple of minutes that they are going to put this resolution, not a bell but resolution which is not binding on the house for tomorrow. we just got a statement from

nancy pelosi and sidney moyer talking about this. this is hot off the press. the house will vote on the resolution on wednesday, making it clear that congress' disapproval of the administration's effort to block the release of the complaint and of the need to protect the whistle-blower. this is not a partisan matter, this is about the integrity of our democracy. we reported that for us and we will set this up the rules committee later today and they will walk the house democratic caucus in about 11 or 12 minutes through this and what the next steps are on "formalizing impeachment." keep in mind, there doesn't have to be a formal inquiry, this is what the judiciary committee did a couple weeks ago. the house could up or down straight vote on impeachment but this is where people start talking about all this fuss is on. the average average american doesn't pay attention to whether or not they are inside up with impeachment inquiry and whether they regard this resolution on wednesday, they just hear the

noise. that's an advantage and a disadvantage for democrats. it's an advantage in the sense that they say okay, we are doing something serious about impeachment and we think that there are major transgressions with this and we are speaking to that. the disadvantage is that the public thinks they were already there. once you cross that rubicon into an impeachment inquiry, and this is where democrats have this both ways, it's all impeachment. look what happened in 1998. there are only so many cubic centimeters of news oxygen that can come out of capitol hill. they want to talk about guns, the usmca, health care. that was supposed to be the democrats message in august, but what is everyone talking about? impeachment. that will command every single newscast here at capitol hill. >> shepard: fee on the talk we now know that speaker pelosi will make this announcement in an hour and 10 minutes and we know the basic substance of it all but practically speaking,

what's going to happen on capitol hill? >> first of all you will have members of congress asking questions of me and other reporters on where they are in impeachment. keep in mind that pelosi's background is in intelligence. and she's not willing to comply with the law provided this whistle-blower complaint and that's why they started to get these national security democrats and that is important because that gives people cover. again, you are going to have an investigation behind the scenes here and a lot of them we

probably won't be able to find out about because it's classified information. that could be a great contrast with what was going on with richard nixon. because pelosi's background is in intelligence, she says that's okay, that's the straw that broke the camel's back. it can be said, democrats are very patient. but that's a problem right here. if this turns out to be a nothing burger or something like the robert mueller hearing that didn't go anywhere than these democrats have suddenly jumped into the impeachment waters are in trouble and that could backfire on them politically. >> shepard: and chairman schiff has said the lawyer for the whistle-blower has gone to the director of national intelligence and sought guidance about in essence testifying for that committee.

what details do you know and what would hearing like that look like? >> we would imagine if it was a whistle-blower it would probably be in a closed session. we are also hearing some similar rattling is out of the senate intelligence committee. on thursday, and the acting director of national intelligence. without that robert mueller was big, we thought cohen was vague and that might not be the witness but it might be the best bit of information on the most important type of stuff that comes out of the hearing that tells us where we are going on impeachment if that's something they actually decide to do. now if they launch the impeachment inquiry by a vote on the house floor, it doesn't mean

you ultimately have to act, that's the key. in february of 1974, and, we are not going to have any sort of bill like this in congress because republicans heretofore continue to stand behind the president but you don't even have to do that. if our green, the democrat from texas brings forth his articles of impeachment and you have a straight up or down vote than the president is impeached. and they might just interpret that as fuzz and noise. >> shepard: we are trying to include this as part of the whistle-blower's report but there's also more to the

whistle-blower's statement or complaint, then just that phone call. do we know about any of the rest of it or is not a matter for a later date? >> that seems to be a matter for a later date but there is some activity going on as we speak. i was told up at 3:55 p.m. in the east that as we speak in the senate chamber, senate democrats led by the minority leader chuck chuck schumer were going to try to pass a resolution by unanimous consent to make sure that all the materials of that whistle-blower complaint whether that be the phone call or other documentation goes to the house and senate intelligence committees. now what republicans are trying to do is get them on the record as not being for transparency and do the president's bidding, protecting him on this issue. that's part of that resolution that will be part of the house as well. look at all these republicans,

some of these who represent swing districts on their own who voted to stand with the president and that won't wash. he will use that against him going into the 2020 election. >> chadha, we greatly appreciate their perspective, and i know you have to go. a few things. one of the big items of news that brokenness hour is this, or within the last hour. president trump has authorized the release of the transcript of the conversation between president trump and the then brand-new president of ukraine. that will be available to the public, unredacted and unclassified tomorrow. in addition al speicher, nancy pelosi, the talk at the top of the next hour, or in our gives a statement of impeachme impeachment. further, adam schiff says that

the whistle-blower has given indication of a desire to testify before the intelligence committee on the house. and further, the president is speaking or has been speaking with the iraq he president on a number of different subjects at the united nations on the sidelines of the united nations general assembly. the white house pool of course record such a thing and then we play it back to you. today the white house pool says that for the moment there are technical issues with that video. it does happen sometimes. but we do have a transcript and we will be getting all of that information to you. and while all of this is going on, our own chris wallace has secured an exclusive interview with the iranian president, hassan rouhani. that interview is either underway now or has been completed, i simply don't know the details. i do know that at tonight at

6:00 eastern time we will get all the details on that. rich edson is live at the state department. what do we know if anything about the interview on the substance of it? >> going into this, there was so much speculation as to whether the trump and hassan rouhani would sit down and talk, it seems president trump and my son ronnie have admitted there won't be a discussion between the two activists meeting. that's been deteriorating since the united states withdrew from the united nuclear agreement, and just last evening, germany, france and britain have all followed along and they are also blaming iran for this. so you have this meeting that probably won't happen between the two presidents and you have a deteriorating relationship and now you have the european countries who are also calling

for the united states and negotiating an even broader deal which involves iran's ballistic missiles and iran's other activities in the region. iran says there is no way we are going to talk unless we get what we are supposed to get. and by the way the diplomacy between the united states, whatever potential there would be between iran and the united states, that has now closed because the president has put sanctions last week on iran's central bank. that's environment that this discussion -- a real low point between the united states and iran. if you think it has gotten lower, it has. >> shepard: rich edson, thank you. coming up, we will hear from president trump if they get the technical issues worked out. at the top of the hour, we have "your world" with neil cavuto and at 5:00 eastern time nancy pelosi will make her announcement and then at 6:00

eastern time on "special report," chris wallace's interview with the iranian president hassan ronnie. as for the markets, the final bell is ringing and they have been reacting throughout the day to the news out of washington. it has been turbulent but they reacted only down a percentage point. "your world" starts right now. >> fast-moving developments where speaker nancy pelosi is huddled behind closed doors with the president expected to announce a formal impeachment inquiry. at the same time president trump says he will release the full unredacted transcript of this call with the ukrainian president tomorrow. he says he has done nothing wrong. stocks rocked on each and every move, the dow moving down for the session. i'm charles payne in for neil cavuto and this is your world. we are here with mike emanuel on capitol hill. we begin with mike. >> charles, good afternoon to