ajit pai calling this absolutely unacceptable.security secretary saying americans should not lose faith in their government and as for the worker who did this, that person we don't know, he or she has been temporarily reassigned. you can't get fired and even when you do this, you can't get fired. neil: the only blemish with the mistaken missile launch. thank you. national security expert, i do want to put all the blame on this individual, male or female, but i do wonder what wrote down in the chain of command because i would assume other people how to write off on this. >> first of all, hawaii was very lucky that nobody got hurt. look at those pictures, they are so fortunate there's not a tragedy on top of this. general miyake is looking into it and i trust that he will, government software. some people want to see if conspiracy but i have big questions. i know it's a federal holiday, but as soon as they get back i want to see from secretary nielsen at dhs a top to bottom review, sec is great, but let's review those emergency proc

neil: ajit pai, congratulations. chairman of fcc good to see you. >> good to see you, neil.piscopo made it official. his radio audience heard it, he is not running for governor. now his first television interview since, on why he wussed out after this. i joke. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. ♪ >> it is with extremely heavy heart i announce here today that i will not be entering the gubernatorial race in new jersey at this time but i will be active in future politics. neil: the moment i

neil: that is fcc chairman ajit pai to end the net neutrality.really is drastic says some of these media reports claim. former fcc commissioner says consumers are not at risk or the internet itself being destroyed as some of the papers seem to indicate especially in cover stories like the one you just saw on the daily news. robert, i do remember the internet alive and thriving up to 2015 when net neutrality came into being, and i remember since it coming into being, all the big boys start cutting back on irastructurend the like. building and ireasing every ere, sin then it's been going down, why is that? >> thanks for having me back on the show. neil: good to have you. >> the title 2, the communications act called title 2 brings economic regulation primarily, and every independent wall street analyst i've walked to, marcy at wells fargo, craig moffett and many others and have no dog in the fight, they're just analyzing, that damocles of economic regulation over broadband providers did curtail investment, if you look at wireless broadband, the fas

company officials are telling us ajit pai, fcc chairman, is not a lone wolf.y without thinking that mack him delrahim will approve it as well. despite gnashing of teeth of his staff. can i telephone you definitely it will be approved? no. stuff happens all the time. knowing they work closely with doj antitrust you have to say the odds are heavily favored with this thing with conditions and maybe more conditions of getting approved. we do know the companies are meeting. they will continue to meet over the next couple weeks. they have until about june i guess, that is the official date. neil: right. >> this is a huge deal. 26 billion. massive national security implications. if we win the war on 5g. if we do even better on 5g, you're talking millions of jobs, hundreds of billions of dollars of economic growth. 5g is like the thing of the future. neil: can i ask you, if we doesn't have noise with huawei going on and going after them did that change this whole debate? >> it is part of the debate. the noise with huawei is essentially the trump administration, and pr

that was the fcc chairman, ajit pai.you will not, will not participate in our telecom arena and extending that to other chinese companies that might spy or disrupt that arena. to gene munster and the impact of all of this. what do you think? >> it's unprecedented to hear an administration come out this strong against a company, really, huawei at its core, but it mackskes a ton of sense. let me frame the big picture. 5g is a big deal. it will live up to its hype not just because it's 10 to 100 times faster than the current data speeds and faster mobile apps on your phone, it's because 5g is going to be the framework of the future of this next wave of tech. it will power ai on your phone, autonomous cars, smart cities, augmented reality. there's many opportunities that we haven't even scratched the surface of. because that's such a big opportunity, there's going to be investing in this step-up infrastructure. the old infrastructure goes away. lte and 4g, we have to bring in 5g. and that opens up the country, every country,

the fcc commissioner ajit pai.ur we have ending link where the federal reserve is coming down expected hike of rates. paul volcker danced on this issue a few minutes ago on this very broadcast but he did make clear that you can't stay at 0% interest rate forever. we have effectively been there close to seven years. i think what mr. volcker was saying the party has got to earned sometime. we just might find out in the next hour exactly when. stick around. >> all right. paul making some news on this show just a few minutes ago talking about the party possibly ending maybe as soon as today when the federal reserve telegraph what is many are hops or thinking will be a rate increase later this year. i shouldn't say hope but thinking the better world. saying that it is probably a good thing for that party to end. >> at some point rates have to go up. i think that is inevitable if we have a good operating economy, and zero interest rates. >> you don't have -- zero percent interest rates. >> i think he's right. by the way,

ajit pai, the chairman of the fcc, is noting that he wants to see all social media companies to be more transparent. he held off the possibility of doing anything more than that but there was clearly an, appeared, sir, to be an appetite on the part of the white house to crack down on these guys, maybe outright regulate them. do you support that? >> i do not support regulating them at this point but i'm not sure that they're getting the message. just an example, when we had the ceo of facebook, i asked him about, about the illegal ivory trade in the chat rooms. he was one aware of it. we'll get it fixed. i asked him about the illegal drugs and advertisement and opioids on internet. we're going to get it fixed. i asked him about the intellectual property and live stream of movies such, take place, when they're still in theaters. oh, that has been going on forever. you tell me you will get other things fixed and tell me you're not dog anything about something going on forever? i can tell you don't want the federal government in this. if we have to we'll be forced to do it. neil: congressma

neil: not too long ago when i had him on, we were talking about ajit pai, his big thing was you cannotk at the internet, a high-technology beast and treat it like a pickle utility or like your local utility that provides your electricity or whatsoever whenever that would slow down investment to your point is that has slowed a little bit. the flipside of that is for average folks who have a basic rate for internet service no matter what kind of service they have, and now there is going to be feared service. i can picture big digital demands and the like are faster streaming coming you are going to pay more for that versus someone who doesn't need that, doesn't want that would pay less. >> that's exactly right. bringing us back to the cable company model. interestingly enough that it's an experiment live at the moment in portugal and that is exactly what is happening to portuguese consumers paying per bundle, per usage. if you watch a lot of movies on netflix you will pay more than somebody who just likes to see cat videos from time to time. neil: thank you very much. there is a flipside

and fcc chairman ajit pai and media deals and how meet yaw ownership may change under president trumppitol hill with a closer look at

ajit pai, head of fc crop has done some things to help this deal move along so they can get the approvalat the heart of it, when you read the rejection i guess notice, they believed that sinclair bsed them on their divestitures. neil: is that right? >> that is what pai said. sinclair says no. that is what he said. he has been public. these lobbyists may not be hired to save the deal. it may be hired to repair their reputation. neil: are either or both of those in play then? >> explain? neil: sinclair or tribune's case? >> here is the thing. sinclair could pull the deal, there is no doubt. tribune could pull out of the deal. i believe they have until august 8 to pull out of it. the administrate tough court judge could do a -- could rule in their favor although based on the way this works, when the fcc like basically voices its rejection, generally the administrative court judge abides by that. this is a very, very heavy lift for them. so i'm not quite sure why they're hiring a lobbiest. my guess this is damage control for the future. neil: yeah. let me, bob iger from disney issued a state

who runs antitrust and ajit pai, who runs fcc, it is horizontal deal. you dent want to open up to lawsuits, because the chate ton act basically has a lot of rules in there. my point under normal circumstances you can kiss this deal almost good bye or a medical conditions. connell: less likely. >> now with this huawei thing cooking a lot of people think it is going to get through, there will be a lot of eyes on it but there is betting. by the way if you're playing the stocks if this goes through, when we reported this yesterday, the stocks of both companies spiked, so you know. there is a lot of traders trying to bet will doj acquiesce to the policymakers in the administration? connell: i got couple things. we have to take a break in a second. i mentioned china and trade deal. other thing that came out from reuters, i believe "the times," officials in china apparently what they're leery of, they don't want to commit, surprise, surprise, to china making structural changes in the economy. maybe this is not as done deal as we thought. second thing, politics

all you have to do is comment, telling ajit pai you specifically support strong net neutrality backeditle 2 oversight of isps. every internet group needs to come together like you successfully did three years ago. neil: all right, john oliver, starting a revolt against the fcc by the guy who runs it, about don't, even think of reversing net neutrality which allows internet service providers like verizon, at&t, from alternating speeds and transmissions you get from some of your favorite sites. the law as it stands now you can't do that. ajet pai says we're regulating these things like utilities of the old days. it is simply antiquated. that approach is wrong but it started that, oliver line, to get people on the line to let the fcc know how they felt, to a lot of vulgar online attacks not only against ajet pai, anyone on fcc would harbor a view that would call reversing that standard, that net neutrality standard. "washington free beacon" liz harrington. i can't even repeat some of the comments the fcc got, all of that. let's say they were not in keeping with the onable nature ever exc

fcc, that is interesting, the chairman ajit pai is making argument that the new system will be betterng in a c a c nyet op ed, they will give entrepreneurs the information they need as they develop new products and services. transparency will. companies could slow down or increase fees. that is what opponents are saying. neil as always there is a political component to all of this. there was a bill passed in the senate to put the net neutrality rules back in place. mocrats are pushing speaker paul ryan to bring it up in the house. it hasn't been brought up yet. so far, for today, the bottom line, internet has fewer rules. so there you government. neil: thank you, my friend, cornell mcshane. former fcc commissioner robert mcdowell with us to react to all of this. commissioner, what do you make of this. >> the rules are not going away. that is something that gets repeated over and over in news stories. what is happening here reverting back to the clinton-gore legal framework. where the federal trade commis department of justice still police anti-competitive conduct under the clayton act

that is why fcc chair ajit pai approved it. doj chief makan delrahim -- neil: his staff is recommending. >> his staff is recommending. this is potential roadblock. the companies have to take it seriously, and we understand they are. doj antitrust is worried that state ags, mainly california and new york, could sue and win in lower courts, making them look like toothless tigers. here's the other kicker. what they are worried about, what makan delrahim is worried about, state ags in california, just to make him look bad, to bring a case, there are grounds for a case because we're going from four to three major wireless carriers. the new combined company plus verizon and at&t. they could win in lower court and think call, what he is worried about, makan, call the doj staffers opposed to deal as witnesses. that is when this gets really murky. you call the staffers, subpoena them, tell me, mr. x, y, doj antitrust attorney why you're against the deal. that is getting murky. in lower courts could play out many years. could lose before

progress being made in terms of figuring out a concession plan that would past at doj, and we know ajit paiirman who already approved it and the doj anti- trust chief had met, presumably they had a good meeting so all of the signs were there that this thing could happen, and then bingo, they came with this. so now the question is, does this have any impact on the doj and you know, at margins it could and here is why. because if macon thinks this thing could win, they could win at a lower court he may say, you know, do we really want to not litigate this if hit thing is going to be litigated by the states, and it may be a bridge too far. that's some of the thinking going in there. i know it doesn't sound exactly logical but one thing that the federal government does not like particularly the anti-trust division is made to look stupid so if there is actually a federal judge that stops this thing and you know, then people turn to him and say okay, why would you approve a deal that obviously federal judges think could be anti-competitive so it's in the politics stage, and but on its face, i'm t

. >> his buddy at the fcc ajit pai who just approved it based on conditions, seems like, i'm not sayingve it, i'm not saying he is not going to listen to his staff but i'm saying -- neil: looks like took wind out of the sales of the stock. >> we should put an intraday. it is off a little bit off its lows, based on what i was reporting. you're right, it took a huge, a lot out of it. a little bit off its lows but yeah, on these reports about the staff but i'm telling you there is a feeling inside of the trump white house that we need one company here, that strong, to compete against the other two and of course, you were just talking about -- neil: you might be down to three regardless. >> sprint might go out of business. that is another thing. neil: right. >> i want to make it clear here, one of the things the white house is worried about is 5g. deirdre said about qualcomm. they're worried about it here. this company will be on the forefront of 5g. if you are worried about the chinese -- sprint will not make it on the 5g, in the 5g competition by itself. t-mobile is better company but hav

reporter: ajit pai is launching a review in light of bipartisan criticism coming from capitol hill, theourt, about a quote, overly broad interpretation that in some cases shields social media companies from consumer protection laws in the way that has no basis in the text. let's take a look at the crux of the matter. it reads no provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider. so now, in layman's terms, this means social media companies are not libel for content their users post. at the same time, the companies are empowered to take down content as long as it is done in quote, good faith. now, supreme court justice nominee amy coney barrett was asked about section 230 during her hearings this week. take a listen to what she said. >> out of respect to section 230, just in general, the danger of of course doing that is to subvert the will of the people. you represent the people. reporter: so now whether this gets resolved at the white house, by the hill, by the supreme cour

i sat down with ajit pai this morning in washington and he said spoofers are finding methods that arere more convincing than ever before. >> they start with conversational questions to make it seem as if this is a person they can trust, especially when talking about things many elderly people might relate to, for example, oh, yes we understand you just got a new medicare card, can we see your number just to confirm it. reporter: this new warning is just a small piece of a larger puzzle with robocalls in general. pai says his team fined robocallers $250 million in just the last two years. that do not call list that you know about only applies to legitimate telemarketers, those overseas often don't comply, making the calls even more frequent and frustrating. i know i signed up for it a few times. i get those calls multiple times a day on my dproecell phone. connell: you're right about that. thanks, david. >>> there's a new study out from citizens bank showing that u.s. businesses are strong. sfiet t despite the inverted yield curve and all the rest. brian wesbury joins us now. we always

ajit pai is kennedy's special guest tonight at 8 p.m. eastern time, fox business.-to interview. you should watch that because, man, oh, man, he is creating some waves here. seeing what's going on in the media here, of course, you heard earlier about cbs firing charlie rose after this improper conduct with female workers on his staff. now, pbs has added the coup de grace, of course, he had a syndicated show on pbs as well. they, too, have fired him over these allegations by staffers. >>> meanwhile, offshore cash, certainly a lot of it out there right now. in fact, a significant amount if you just follow the technology community. it's about $1.9 trillion of the up to $3 trillion we think is held abroad. deirdre bolton on how that gets to be back home. >> reporter: that's right. neil. moody's published system research today that show that is the top five tech companies have this cash overseas, and with current tax law it makes sense for these companies to leave cash abroad because they would otherwise get taxed again on bringing the money back to the u.s. here are the

when i caught up with the man who runs the fcc, ajit pai, he was saying there is only so much he can look. i know you've been busy on this net neutrality thing and weighing all these potential mergers, i understand that. but you heard a little bit about what he said. as head of the fcc, you couldn't not. were you offended? >> well, again, i haven't viewed the clip, and so i don't want to prejudge. neil: really? that strikes me as odd. >> i'm a pretty busy guy, believe it or not, and chasing after two kids at home also keeps me busy. [laughter] neil: all right, i hear you. but it is unlikely any punishment is about to be meted outside to stephen colbert, outside those who want to protest his show, they're free to do that, but there's no action on the part of the fcc. >> well, if we do get complaints, we'll evaluate the facts and make the appropriate decision. neil: all right. i don't think anything's going to get done. anyway, maybe that's just find. the backlash against colbert not fading, there are a number of folks sae should get the guy fire that might be a little bit extreme, but