indices barely clinging to gains that's it for the "countdown" and now to melissa francis and adam shapirore in after the bell. adam: bouncing back in the green recovering some losses after yesterday's big sell-off the dow losing steam in the final hour of trading ending the day up roughly 28 points, almost, and the s&p 500 also rising today the nasdac is tapping a four day losing streak as well i'm adam shapiro in for david asman. melissa: i'm melissa francis but first here is what else we're covering in this very busy hour. a landmark decision the supreme court siding in favor of the president's travel ban preventing people from entering the u.s. from several muslim majority countries. president trump calling this a great victory for our country. reaction is pouring in from both sides

adam shapiro standing by in the fox business newsroom with the headlines. reporter: concern over a trade war continued to ramp up. president trump threatened the european union with a 20% tariff on all auto imports into the united states. the administration is threatening the 20% tariff unless the e.u. scraps its tariff. this comes after europe imposed $3 billion in tariffs on u.s. goods in response to the steel and aluminum tariffs imposed by president trump. $200 billion in chinese goods exported to the united states, if china responds against the previous tar you river on steel and he aluminum. those trade concerns helped drag fall three major indices lower. the supreme court issued a big win for brick and mortar businesses. internet retailers can be required to collect sales taxes even in states where they have no physical presence. if online sellers like amazon have tax-free sales. anthony kennedy says that loophole costs the state tax revenue every year. the oil cartel decided to boost output. the deal is aimed at bringing down prices which spiked 20%

adam shapiro in the new york newsroom is breaking this down throughout the day joins us now. what are the allegations? reporter: this is the 41-page lawsuit, barbara underwood, attorney general filing against the trump foundation, but ivanka trump, donald, jr., eric trump, and of course president donald j. trump. essentially if you break it down, what they're saying the trump foundation conducted illegal business to the benefit of the president when he was a candidate. they used it for political means. since it dates back to 1987, that it was kind of a sham, the board of directors, i just named, they hadn't met. they hadn't met since 1999. here is what they said in the suit. pattern of illegal conduct by the foundation and board members include, extensive political activity, self-dealing transactions and basically failureç to follow and for amendments president trump responded, by tweet, sleazy new york democrats, run out of town eric schneiderman, suing me on a foundation that took in $18,800,000. gave to charity more money than it took in. $19,200,000. i won't settle the c

the fox business network's adam shapiro is live in new york.is up on this news what are investors saying about this jobs report? >> investors are happy, trace. as you pointed out, wage growth indicates full employment with 3.8% unemployment rate, but the wage growth number. if you dive deep into it, nonsupervisory wages, 80% of the work force. all the people without a boss. we're growing year over year wages 2%. the fastest in several years. one problem is that in 2000, when unemployments 3.8%, it was 3.9%. investors say all of views more money in our pockets but there's not enough money on inflation to have the federal reserve to get aggressive ant raising interest rates. more money in our pockets, more wages up but not so much that the federal would have to crack down on inflation. >> trace: what are the jobs getting adding? >> construction up 18,000. retail 13,000. mining was up 6,000. that was mostly supervisory as well. support activity from mining. bottom line, there's jobs out there to be had. >> trace: adam shapiro, good to see you. i'm

indices barely clinging to gains that's it for the "countdown" and now to melissa francis and adam shapiro more in after the bell. adam: bouncing back in the green recovering some losses after yesterday's big sell-off the dow losing steam in the final hour of trading ending the day up roughly 28 points, almost, and the s&p 500 also rising today the nasdac is tapping a four day losing streak as well i'm adam shapiro in for david asman. melissa: i'm melissa francis but first here is what else we're covering in this very busy hour. a landmark decision the supreme court siding in favor of the president's travel ban preventing people from entering the u.s. from several muslim majority countries. president trump calling this a great victory for our country. reaction is pouring in from both sides of the aisle, plus tough talks from the president issuing a stern warning to motorcycle maker harley-davidson amid reports that new tariffs are driving some of its production overseas and backlash growing against congresswoman maxine waters. lawmakers demanding she resign and apologize to the white house

adam shapiro. thank you very much. that is it for "the intelligence report."rish regan will be back monday. have yourself a great weekend, and by the way, the market can, it turn around? liz claman will take you into the final hour of trading, always an exciting hour and maybe turn the ship around. >> we already are, actually, ashley. the markets view, and i'm sure you noticed this of the trade war, battle skirmish has totally changed in this final hour of trade. down this morning, 281 points. the dow jones industrials are now all but reversing course. look on the big board, down just 70 points. the morning media and, of course, the hysteria was sparked by china's overnight announcement it will impose tariffs on $34 billion of u.s. imports beginning july 6th in retaliation for president trump's tariffs on 25% on $50 billion worth of chinese goods. now, we see that investors are cutting into those losses, seeing the dro

adam: bill, it's adam shapiro, real quick, i asked this of another investigator earlier. re the questions when they apprehend a shooter, the immediate first questions that someone like you would ask that person? >> well, adam, i mean, certainly the first one is that what took you here today? why did you get to this place? what's happened? what are the things that are driving you? and plus, the other question right on the heels of that is who else have you spoken to about this? who else is involved, or who else may have knowledge? and they were probably asked quickly to get access to their home, if not they're going to get a search warrant quickly to look at the home, look at various records. start piecing it together. and not taking the individual on their word, they're going to reverify that with friends, information they pull from computers, social media. talking to other people they may have known. first two questions is a, is there anyone else out there they should be concerned about? and b, what took them to this day to commit this horrible, horrible act. adam: in you

adam: and i'm adam shapiro in in in for david asman and let's go to nicole petallides on the floor of the new york stock exchange. what happened? nicole: we saw the selling across-the-board certainly we saw everyone, nobody wanted to take risks today when they got concerned once again now with the administration possible talks, possible ideas here, but china companies won't be able to invest in technology companies here in the state. tech was the worst of the bunch. we saw the nasdac selling off more so that was down two full percentage points versus the dow and s&p which each dropped 1.3% the dow had been down almost 500 but you could see it's down 327 points and those last five minutes they said that the traders saw selling on the handheld that's exactly what happened. the vix, the index moved higher really a big jump here, moved to the highest levels since basically the end of april, it jumped 26%. had it been 30% then we could have said it was the biggest gain since february but it certainly was a big move. it really is an indicator of the nervousness on wall street going forward

i'm adam shapiro. melissa: and i'm melissa francis. the commander in chief about the leave the white house, president trump, the first lady departing for joint base andrews making their way to bedminster, new jersey ahead of the fourth of july holiday but not for a victory lap on tax cuts, celebrating the sixth month an anniversary this afternoon. steve forbes and ben stein sounding off on the president's economic policies >>> new details on the horrible attack at the capital gazette newspaper in maryland. >>> back to the markets. the dow was soaring until the end of the day. we're on the floor of the new york city stock exchange. no coal, whanicole, what happeno the close? >> at our highest point we were up 293 points. we sawld goldman, verizon, some jp financials had been higher in the day. that's one of the things that we were watching after the stress test. nike, thank you, nike, that weighed heavily on the dow joins industrial average. finishing up. nasdaq and s&p higher. nike hit an all-time high of $81. came out with the sales n

lansky and partner lee carter and adam shapiro. good to see you. >> good to see you. dagen: i can't wait to hear lee talk of outrage turned into unbridled rage. people on the left and right have dubbed themselves and instate claims on their issues here this is what you see. even what's happened in the last 24 hours. >> from the college campuses to shut it down, don't listen to people or you can use reason. just yell and scream to make your point. maria: kirstjen nielsen at the mexican restaurant last night. boos and screams at the homeland secretary. dagen: people are so incredibly heated on this issue that is really impossible for them to come to terms with what exactly is going on. people are digging into what they're seeing, what they're believing and feeling and not necessarily open to the other side. this is probably the worst we've seen it in quite some time. dagen: the rage makes you to reason and even blind to arguments when people try to explain why they feel a certain way. there is no listening. there is no seeing the other side. maria: what happens? this is

the read from fox business's adam shapiro. adam, what is going on?eporter: neil, the senate made it harder but not impossible to salvage the deal the president struck with the chinese to save zte. they voted 85-10 to reinstall a ban selling parts to zte. a must pass 17 billion-dollar defense spending bill. president trump is going to lobby negotiators to strip out the reinstated zte ban. the president will meet tonight with house republicans. he is meeting wednesday with senate republicans. congress obviously worried about threats to national security posed by chinese telecom and technology companies like zte and huawei. shares of zte fell as you pointed out almost 25% during trading in hong kong. zte's shares are down 66.4% this year. well earlier this spring president trump personally negotiated a deal with chinese president xi xinping to allow zte to resume business despite a business by the u.s. commerce department to block sales to the company. now that deal, in jeopardy, requires zte to pay a one billion dollar fine for violating sanctions by s

adam shapiro standing by in the fox business newsroom with the headlines.ent trump threatened the european union with a 20% tariff on all auto imports into the un

adam shapiro has the latest on all of the above. in the issue today is about alleged witness tampering remember mr. manafort the video you just saw let's show him again because he's charged with money laundering, tax evasion, conspiracy and failure to register as a foreign agent so what team mueller said in court filings requesting that his bail be revoked is that mr. manafort along with a companion of his, a russian had been telling potential witnesses who might testify in the fall to lie to the jurors saying that mr. manafort's lobbying efforts on the part of the ukrainian government and ukraine only took place in europe. that would mean he's not guilty of the failure to register as a foreign agent charge so that's at the core of what's going on here today. remember too that mr. mueller's trying to get mr. manafort to talk to him and he's not done that yet. well some of these charges are issues that go back several years when mr. manafort failed to report something like $30 million that he had received over the years from the ukra

fox business senior correspondent adam shapiro now with more reaction to the shooting. adam? >> and it's good to see you, lou. the president tweeting earlier this evening, quote, prior to departing wisconsin i was briefed on the shooting at capital gazette in annapolis, maryland. my thoughts and prayers are with the victims and their families. thank you to all of the first responders who are currently on the scene. now of course that was one of many responses from people. and of course the company which owns the newspaper, the capital gazette, that company issued a statement saying we're deadly saddened today by the attack in our capital gazette newsroom. our thoughts and prayers are with the victims and their families. we're focused on providing our employees and their families support during this time. we commend the police and the first responders on their quick response. vice president pence who is out of the country tweeted, quote, just arrived in guatemala. we're monitorin monitoring the c shooting. karen and i are praying for the victims and their families. we commend

fox business senior correspondent adam shapiro now with more reaction to the shooting. adam? >> and it's good to see you, lou. the president tweeting earlier this evening, quote, prior to departing wisconsin i was briefed on the shooting at capital gazette in annapolis, maryland. my thoughts and prayers are with the victims and their families. thank you to all of the first responders who are currently on the scene. now of course that was one of many responses from people. and of course the company which owns the newspaper, the capital gazette, that company issued a statement saying we're deadly saddened today by the attack in our capital gazette newsroom. our thoughts and prayers are with the victims and their families. we're focused on providing our employees and their families support during this time. we commend the police and the first responders on their quick response. vice president pence who is out of the country tweeted, quote, just arrived in guatemala. we're monitorin monitoring the c shooting. karen and i are praying for the victims and their families. we commend

adam shapiro, how does this go?d the competition between movie pass and the just-announced amc stubs a-list may save cinema fans money at the box office. hollywood, though, the studios worry they're going to lose some big dollars. amc theaters, the nation's largest chain, announced that new discount subscription service. it costs $19.95 a month. it will allow you to see three films a week, and that includes 3-d and imax flicks. movie pass costs $9.95 a month, this is their competitor. it allows you to watch one movie a day, but they just announced a $2 surcharge to popular films and imax or 3-d flicks. hollywood studios get their normal cut. it usually averages about 60%. the amc discount plan may cost the studios big bucks because it's going to determine the studios' cut based on a ticket price of just $8.99, and that's a lot less than the current deal. in fact, amc's average ticket price nationwide is $9.78. and in large cities like new york city, the average ticket price is $15, but good luck finding that. let's

i'm adam shapiro. melissa: and i'm melissa francis.e the white house, president trump, the first lady departing for joint base andrews making their way to bedminster, new jersey ahead of the fourth of july holiday but not for a

adam shapiro standing by in the fox business newsroom with the headlines.rter: concern over a trade war continued to ramp up. president trump threatened the european union with a 20% tariff on all auto imports into the united

session highs, but still in the green the s&p 500 and nasdac also on the rise today, hello i'm adam shapiron for david asman. melissa: i'm me francis this is after the bell but first we have of course breaking news. multiple people have died following a shooting at the capital gazette news room in ann apolis, maryland. the sheriff saying one suspect has been apprehended now police are checking the area to see if there are more shooters. let's go to deirdre bolton in the news room who has more

i'm adam shapiro in for david asman. melissa: i'm melissa. this is "after the bell." more on market movers, here's what else we're covering in the busy hour ahead. a look at the white house. president trump will depart this hour for fargo, north dakota. the president continuing his week of campaign appearances in tough midterm races, and tonight, he'll attend a rally for republican kevin cramer. how the president stands on trade is impacting the race for a key senate seat. >>> it's a major shake-up for the country's highest court. supreme court justice anthony kennedy announcing retirement sending shock waves through our nation's capital and giving president trump a second pick on the court. how the president is responding to the announcement. >>> and national security adviser john bolton, he's in moscow today revealing the commander in chief will sit down with russian president vladimir putin. the latest details on the president's newest summit with another world leader. adam: but back to the markets. the dow ending session lows, had been up 280 points early in the s

i'm adam shapiro in for david asman. melissa: i'm melissa. this is "after the bell."more on market movers, here's what else we're covering in the busy hour ahead. a look at the white house. president trump will depart this hour for fargo, north dakota. the president continuing his week of campaign appearances in tough midterm races, and

adam: and i'm adam shapiro in in in for david asman and let's go to nicole petallides on the floor ofnge. what happened? nicole: we saw the selling across-the-board certainly we saw everyone, nobody wanted to

adam shapiro, h much money are e republicans putting into this race in.s a lot fromillion in outside sources, 1.8 million. let's get into this because tester is consi ve not only republicans but by the president, he's never won more than 50% of registered vote when he has run for senate. that's why the prime primary is crucial, the winner of the primary will face john tester. you talked about the president calling on tester to resign. before all of that took place in april, tester's approval rating around 56%. but now the republicans still see him as being vulnerable and the money that's been spent, works about $8 per registered voter,oughly00,000 registered voters instate and a lot of the voters have already returned absentee ballots, a third of them have returned absentee ballots, who are the t runners in the race, mat rosendeal, current state auditor, retired base executive troy downing and albert, the reason this is is important is tester is considered vulnerable. the republicans are going to try and take him out with the winner of today's primary, st

to adam shapiro right now with what's at stake. hey, adam. >> reporter: hey, neil. when you bring up senator tester, remember, it was only april 28th when the president was tweeting that jon tester has to go because, remember, he was the opposition who had leaked the information about the president's nominee to head the v.a., ronnie scrappingson, and that all -- ronny jackson, and that all went where it went. also because he's a vulnerable democrat, they believe, in a state that voted for the president by almost 21 points. so what's going on here? take a look at some of the voting that took place when polls opened this morning at seven. we're in helena, montana, but throughout the state roughly 700,000 people registered to vote, half of them have asked for absentee ballots, but it is a race against tester with four republicans vying to become the nominee to run for the u.s. senate. 5.7 million has been spent by the republicans. a lot of money pouring into this. and it works out to manager like $8 more every registered voter. now, a lot of that money going to the fro

to take you through it adam shapiro wall street is it watch closely for new insight into the health ofrket and projections for future economic growth. we'll get a review of summary of economic projections. that is part of today's release. they do that quarterly. the questions investors have the infamous dot plot. three interest rate increases for the year or four? that is what investors are watching. that implications of that on the economy. ouren ed lawrence as thecisi. he is life at the federal reserve. ed? reporter: the federal reserve says they will raise interest rates quarter of a percentage point between 1.75 to 2%. also in further signaling of a tightening of the money supply the federal reserve will raise interest rates paid on excess reserves and balances to 1.95%. the fed raises primary credit rate to 2.5%. that is a stick up of a quarter of a percent. they believe inflation will be near target level with a strong labor market conditions. federal data shows that household spending is driving some of this, with strong labor market conditions. the fed data sws household spendi

york state attorney general suing the trump foundation, trump kids, if the president himself, adam shapiro latest on all of this. adam: neil this is the 41-page lawsuit which was dropped around 11 a.m. this morning a lot of people saying political at play but the new york attorney general barbara underwood is saying no the trump foundation violated new york law for not-for-profits as well as potentially violating federal campaign law. essentially i'll boil it down for you. what they're saying is the trump foundation the charitable not-for-profit seeded control of its assets millions of dollars so that the trump campaign could use that money to influence political outcomes like the iowa caucus. they actually talk about a fundraiser that took place in iowa in 2016 and $2.8 million which was then subsequently used by the campaign to make donation s to various charities for veterans, so the lawsuit calls this a persistent pattern of abuse by the foundation, dating back to almost its founding. they say that it's operated in persistent violation of state and federal law this pattern of illegal c

adam shapiro in the development. reporter: different bundles than a skinny deal.don't have the details because at&t has been released the details are what is going to be a $15 package in which you would watch their watch tv app. they are also going to offer part of the watch tv program on the app. at&t unlimited and more, which is dirty channels for at&t unlimited and more premium, which is 30 channels lifeless either hbo or showtime premium channels. it will not include your local tv netwo local tv. the big deal everyone is talking about is the $15 skinny deal. randall stephenson had talked about this during her testimony during a court proceeding which is a very slim package as stations, watch alone and you won't have to take everything for one price. the problem with all this is how do you make money on it. at&t, right now people delivering we get paid, fox got our parent company gets paid for every subscriber to the channel distribution system. at&t is going to pay for the what's up skinny deal that subscriber might include. for the unlimited, no. it depends h

adam shapiro with the details.ablishment versus the underdogs and let's talk about this, because while there are primaries and runoffs in seven different states. three, we are paying major attention to. start in south carolina where you have henley mcmaster, the current governor facing john warren. mcmaster failed to get 50% of the vote at the state republican convention. that's why the president endorsing master. utah, the seat to replace orrin hatch, mitt romney former massachusetts governor facing businessman mike kennedy who is a state senator. romney failed to get 50% of the vote at the state republican convention, he faces a runoff. worth $270 million. mr. kennedy worth $2 million. romney outspending money and outraising money with kennedy. staten island, dan donovan is the current incumbent, he replaced michael graham after graham pled guilty to one charge of tax fraud because he had hired illegal aliens, but now grimm is trying to get a seat back. the president endorsing donovan on this one but grimm is pop

maria: adam shapiro with the latest there.o quit in for a do over on his dancer apologizing to monica lewinsky. his new eyebrow raising comments last night next. president trump host an event at the white house today without the eagles is a team coaches set to address the kneeling celebration later on. lebron james with a new firestorm all coming out. ♪ hey! we didn't have a homeowners claim last year so allstate is giving us money back on our bill. well, that seems fair. we didn't use it. wish we got money back on gym memberships. get money back hilarious. with claim-free rewards. switching to allstate is worth it. same thing with any dent or dings on this truck. they all got a story about what happened to 'em. man 2: it was raining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to your insurance company. woman: another ding, another scratch. it'll just be another chapter in the story. every scar tells a story

we had a hearing a year ago and was a lot of fun and had ben shapiro and adam corolla who was hilarious, by the way, and one a few weeks ago with great witnesses as well, some professors who had been targeted on campuses and just this whole about safe space and free speech zones. it gets almost laughable when you think about, i asked one of the professors, asked a question, i said how close can a safe place be to a free speech zone? can they be the same area? it gets ridiculous. those are the shenanigans going on in our campuses so we should be concerned about protecting the constitution and fundamental rights we enjoy under the bill of rights and under that great document, the united states constitution. kristina: congressman i have a , hard hitting fashion question for you. you're well known in the capitol for not wearing your jacket. case in point today, your jacket in fact has us own twitter account. rep. jordan: i've heard. kristina: how did this become your signature fashion look? rep. jordan: i'm not even sure and i hear about this twitter account. i've never looked at it but my