connell?'ll look for your report on that edward thanks on the trade details these days and who knew you could get so fired up when talking about trade? i don't know if they do behind closed doors in the meetings edward was describing but sometimes when you talk about it on television you do. i'm told we're getting a lot of reaction to an interview we did yesterday. i'm not sure if that's actually true or just a bunch of our producers in the control room speaking to each other but it was a doosey between two self- described conservatives. our old friend jonathan honig on the other. >> i love jonathan we agree on most issues. >> he's basically saying hey, we need these higher taxes. >> we're going to have to raise income taxes jonathan. income taxes are better. >> no economist agrees with this, no into november if those two have voted that way in the past. well let's bring in a louisiana republican common mike johnson to talk trade i'm sure congressman in a much more subdued fashion than those t

connell mcshane in for neil again. connell: great show. welcome to "cavuto: coast to coast," i'm connell mcshane filling in for neil. we're talking turkeys a stuart and the gang have been. you never know when the next financial crisis would pop up. here we go what would be a quiet august friday. financial turmoil in turkey has been hitting markets across the globe. president trump promising new tariffs against turkey in a adding to market anxiety that was already there. euro lowest point against the dollar in more than a year and if you look at the turkish lira which we've been watching all day today, it has been getting killed. it was off the worst levels. record low. president of turkey vows his country will not lose an economic war. this all starts and ends with politics. blake burman live at white house. the president clearly not happy with turkey today. reporter: no, we had a pretty big announcement on tariffs, connell. this had nothing to do with china as you've been detailing. instead the president taking out his ire on turkey. the

back to you, connell. connell: i know you have to get to the news conference, but do we know, blake and i were talking about this a few minutes ago, whether mexico, maybe it comes up to the news conference is mexico open to it just being a bilateral deal or do they need acanda to be third party? seems like the president was going either way but are we sure about mexico? do we know that. reporter: i've been covering this five or six weeks. back and forth has been going on. it does cemex cowould be okay with a bilateral agreement between the u.s. and mexico and then let canada work out an agreement with the united states. canada would need the u.s. more than mexico does in order for a deal with the mexicans. the canadians would have to fly over the united states in order to get products shipped through here. so it behooves canada to sort of sign on to this agreement which is what the administration is saying. basically once they have an agreement with mexico, they will present it to canada, you can sign on o

connell. connell: look forward to that thank you, connell. talking about facebook which has been under fire for some time you might say. the latest from facebook is the denial of some claims that it had ever asked probation for people's financial information. a story we talked about a lot yesterday. today we have fox business network es deirdre bolton and adam shapiro. both adam and deirdre is here. can facebook be trusted to team up with the banks? adam was in the newsroom on the show, his phone rang, i said maybe that is facebook. turns out it was facebook. give us background. "wall street journal" came out with a story and facebook called you and issued a denial. >> remember the headline that facebook wants banks to share your private financial data with them. what facebook is saying, i will give you the facebook party line, is that on their messenger service, 1.3 monthly active users they want the users on messenger interact with the bank in real time to know what your checking account or savings account balance is, and if there is a prob

connell. connell: today, another record for apple.d into a pretty good day on wall street, turning around earlier losses good to see you, nicole. >> thank you. connell: "wall street journal" story that reporting that facebook is asking country's largest banks to share financial information about their customers. let's find out more. adam shapiro is in the newsroom. what can you tell us, adam? reporter: i reached out to facebook. haven't learned back from them but what the journal was reporting perhaps negotiations between facebook and some of the largest banks, jpmorgan chase, wells fargo, citigroup, u.s. bancorp, to somehow partner with facebook, you can check your accounts and do transactions via messenger app. messenger has 1.3 billion monthly active users. there is huge audience for facebook and potentially customers. part of the problem this would in some people's minds open up your banking information to privacy concerns, data privacy concerns. there is a quote in the journal from elizabeth diana, who is a spokesperson for faceb

connell. connell: they call it "the intelligence report, which is probably why they never asked me to host in the past. president trump is asking the sec to abolish quarterly earnings reports. we have quite a guest off the top, kevin hassett, chairman of the council of economic advisors. we'll talk to i am about all that. we'll talk about the latest on trade, whether this booming economy will continue to boom. i am connell mcshane filling in for trish regan. welcome you to "the intelligence report." the president is asking the securities & exchange commission to replace quarterly reports to a six-month report, that it will improve flexibility and boost growth in his own words. >> head of pepsi-cola, a great woman who is now retiring, she said, i asked what could i do to make it better? she said two time a year reporting, not quarterly. i thought of it, it made sense to me. we are not thinking far enough out. we're being accused that a long time, this country, so we're looking at that very, ver

connell: right.deny the economy is strong, but i notice in your first few comments, you seem to say well, maybe there's some warning signs that it won't be strong forever. is your view a little bit less bullish than keith and so many others we have heard from? >> yeah, i think if we look at the last time we had consumer confidence this high, what happened? the markets fell apart. when complacency takes over and we get so confident and overconfident, usually that leads to a market that's probably ready to sell off. again, i believe in the markets long term that they go up 8% year over year. that's a mathematical certainty but from a trader standpoint, i would be looking for spots to short in this market as soon as it gives me the opportunity. slow market going to holiday, there's no real reason to short it here. connell: you are worried about, what, the fed? worried that would be the kind of -- >> i think the fed should be abolished all together. they haven't done a very good job. they kept rates lowe

i am connell mcshane in for neil.he fallout from elon musk yesterday started during this program yesterday when he took us all by surprise that they tweaked but eventually sent the stock soaring. not soaring today. in the meantime board has comment today on all this talk about going private amid serious legal questions as well. we'll cover all kinds of angles and plenty of other stories to get to as well. reaction from the former chairman harvey pitt minutes away. let's start with the story itself and hillary vaughn in the newsroom in l.a. what is the latest? >> so far this morning i'm elon musk has been quiet on dinner entrÉe twitter after announcing he was thinking about moving tesla private rocked investors and today the board of directors says they had a heads up about this move a week ago from the ceo, himself saying in a statement this included discussion as to how being private could better serve tesla's long-term interest and also address the funding for this to occur. the funding of that? for investors. no de

connell: yeah. >> at the end of the day, one of this matters. what matters is whether north korea gets the capacity to strike us with a nuclear weapon, and if it does, it changes the entire game in asia. connell: of course. what do you think about how all this works together with trade, as the president says himself, a big component of it. but bill rightly says that none of those little thing, so to speak, really do matter. what's your view? >> well, i think all of those little things add up to something big, and i think what we're seeing in these four tweets coming out there president trump or from the white house is that it seems that as if president trump -- and this is not new for him -- is trying to negotiate or at least send signals in the public domain. and on two fronts. one, basically, you know, putting a shot across the bow in regards to our dealings with china and trade. and, you know, basically how he is unhappy with how things are unfolding there. connell: right. >> and at the same time

connell. press secretary sarah sanders trying to put as much distance between the president and two people in his inner circle, two former trump allies, paul manafort, michael cohen. sanders dismissing the charges against the president's former campaign manager, paul manafort, saying the felony charges on bank and tax fraud have nothing to do with the president, the white house or his campaign. sanders also pushing back against trump's personal lawyer, michael cohen, after he pled guilty to felony campaign finance charges and point the to the president for the reason he paid off two women with hush-money. >> just because michael cohen made a plea deal doesn't mean that implicates the president on anything. reporter: the president also addressing those two payments today. in an exclusive "fox & friends" interview with fox's ainsley earhardt airing tomorrow at 6:00 a.m. here is his explanation. >> later on i knew, later on. but you have to understand, ainsley, what he did, and they weren't taken

connell. connell: hillary, thanks. we'll bring you back as more news develops. james freeman is still here right now. james, let me get your take on this a couple things stands out as we see the reporting and hillary reported some of this in the fox reporting, for example, mr. cohen will enter a great guilty plea, agree to do jail time, somewhere between three to five years. the idea this may not include an agreement to cooperate with the prosecutors in the case as some speculated before this, that might. what do you make of that? >> it could mean that he doesn't have too much to offer. it also, i think it should be said at some point, like the manafort trial, we're still waiting for one of these prosecutions to have something to do with russia. we really have to remember this, if it's a guilty plea, obviously will not be tested in court but this theory that this type of settlement with a mistress is a campaign finance violation is a, is a really aggressive, novel legal approach that has never worked before as far as i know. we remember it failed in the john edw

connell? connell: that is the thing. thank you, hillary.es people upset, people okay with them knowing kind of where you are -- melissa: it is trickiness. like you would have disabled it and turned it off totally thought you did it but the fact they're still doing it somewhere else and -- connell: nine-step process to get rid of. >> like depleting your -- deleting your facebook page. why a nancy pelosi is accusing them of undermining their future. >>> peter strzok is out, the disgraced fbi agent at the center of the anti-trump firestorm over text messages while he was at the fbi, "judicial watch" tom fitton is next. >> let me be clear, unequivocally, under oath, not once in mine 26 years defending our nation, did my personal opinion impact any personal action i took. ♪ metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal wo

we may very well get there, connell -- connell: really?a number of people are talking about this. there is a long progression of things we're doing. we first started to talk with the chinese. then we had agreements. the chinese didn't honor them. so president trump you puts on tariffs. the next progression which is something more stringent. but at some point we have to do this, this is core to our economy right now. connell: now one of the areas that always works into this conversation is north korea because, the president kind of had said he held back on china a little bit, hoping he would get their help with north korea. not sure how well that worked out. want to ask you about that in a moment. we learned that secretary of state mike pompeo is going back to north korea next week. he will not meet however, we're told with chairman kim. what can we expect out of that visit and how do you think the president played all this, north korea and china? >> i'm not expecting very much from the visit. kim jong-un looks at his relations with the pre

connell: lindsey, your take?u talk about restricting the free flow of capital, labor, goods, services, it will result in a long-term loss of productive capacity for the u.s. absolutely, we could be talking about job losses, income losses and of course, price increases, which producers are going to try and pass on to the u.s. consumer. no doubt there will be some pain felt, depending on the depth and duration of this ongoing dispute with china. but looking at the market's reaction, i think it's very important that we do focus on the main issue here. yes, we have taken steps to move this bilateral agreement to a trilateral agreement with canada. there's progress being made, but the main focus is on u.s./china relations, which still remain very uncertain and which are going to continue to really drive the optimism in the market. nafta absolutely priced in, that we might see a deal later this year, most likely, a 2019 event. it really comes down to how we negotiate and the end game with u.s./china relations. connell:

connell: breaking news.he president apparently did an interview today with reuters n that interview he revealed he custodies agree with the federal reserve's decision to start raising interest rates saying he is quote, not thrilled, with the actions taken by the man you're looking at the chairman he appointed, jerome powell. president says the chairman should be more accommodating. in interview he said whether he support as an independent fed, the president said he believes the fed doing what is good for the country. that is part of a reuters interview with trump. melissa: president honors i.c.e. officials, border patrol and other members of congress for a panel discussion on quote, life saving and law enforcement mission of the cpb, sorry about that agents and i.c.e. officers. hillary vaughn is at the white house with the latest. hillary? reporter: hey, melissa. the president really using this event today as his opening argument against the democrats, headed into the midterm election, calling them out multi

connell mcshane is there setting the scene for us. connell? it's really about the american people and their chance today to see senator mccain's body as it lies in state of the capitol rotunda becoming the 30th person to do so that hearse you spoke of just coming into our view within the next minute or two in front of the east front steps of the capitol where i'm standing and then once the family, as widow cindy mccain and the rest of the family gets out of the vehicles they will be taken up those steps and then about 10-15 minutes from now the way its been scripted to us and what we expect to happen it will be carried up the steps behind me and the family will be there to greet the body and then it will be taken inside. at about 11:00 eastern time so basically a half an hour from now the ceremony that will take place in the capitol rotunda will get underway and there are some speakers that will be speaking there the senate majority leader mitch mcconnell and paul ryan and also the vice president of the united states i believe arrived just mom

connell: a big deal. so it was a disaster for emerging markets and their stock markets which went down like 60% but the s&p 500 in the united states which initially takes a hit when something like that happened that hit was short lived and it came right back and turned out to be a buying opportunity. so that's what history shows us time and time again when these types of overseas crisis come up >> but it is a reminder that over the last decade we've seen a $40 trillion increase in emerging markets debt that is a lot of numbers, and the reason is because we have such low interest rates, not only in the united states but in most of the developed world's that basically investors went searching for yield, so there is this sort of issue out there of all these debts which basically are not in every case in strong hands, argentina obviously is a problem place, south africa has raised concerns, but turkey's economy is not in great shape and i think all of this geopolitical fight with trump and everything in a way

i'm connell mcshane. liz claman, over to you. liz: i will take it from here. thanks, connell. thanks, ash. we have a lot of breaking news to get to. connell, we will pick up on what you were talking about. you have records about to fall on wall street for a second day in a row. we are kind of in jeopardy right now. s&p 500 and nasdaq did hit new all-time highs earlier today. the s&p 500 is only up about two points right now. that's kind of teetering. the nasdaq up 16. dow up 37. russell probably not going to make it today but who knows. again, we are kind of on the iffy marks right now. all of this coming as president trump takes aim at a tech titan, google, the latest target. blasting the search giant claiming one of silicon valley's biggest power players is rigging results and threatening regulation. we will be live at the white house. >>> and all the president's men out and about, touting team trump's trade deal with mexico, as canada has now entered the mix. edward lawrence has been following the negotiations every step of the way. he will be live in d.c. for us with an ex

for more let's go to connell mcshane who's there watching it all.ey, connell. >> reporter: hey, trish, the sand out of here -- complete with the hat, indeed. safety first, as i always say. the 22 million tons is moved into the permian basin on one of the trucks you see behind me. and, you know, that is probably one of the hottest, if not the hottest oil patch in all the world right now, the permian basin. what's happened here is an economic boom has been created. i was talking to some of the executives at high crush, the company that's hosting us today, and that's what they were telling me. they were having difficulty even finding enough workers. take a listen. >> the right time, but what we do is with our offering of having high crush, a branded organization here with the right level of benefits, with the right type of growth strategy and story, with the most expansive offering that we have, that's an attraction. so we're not someone who just set up shop here a year ago, we're a company that has grown since our founding. we have a substantial offer

connell mcshane is live in texas with the story.ink of how many people had a piece of this sand and never realized it was worth so much? reporter: exactly right. i don't know what melissa is laughing about. second of all, you are exactly right. if you look here. say you were out here a couple of years ago, you would see people riding around in dune buggies or what have you. this big sand dune that i'm standing on this was all worthless. oil boom took off and the companies moved. in take a look over to my left and your right. you see the plant that high crush put up. they opened up almost exactly a year ago. other companies, 10 or 12 others moved into the area, started to mine the sand and move it out for fracking as well. between them they moved 22 million tons of sand, experts think it may double or do more than that over the next couple of years. they put them on the trucks and drive it into the permian basin which is so cost effective. what they used to do years ago is ship the sand down from wisconsin have, to do it by rail. thi

i want to bring connell mcshane in. i'm not going to peppering you on whether they're quarterly or every half year reports, connell. the separate story on tesla, a lot of people should get a handle on, he's in a heap of trouble. he's the iconic founder of this electric car company and right now it's in a world of hurt because he might have misrepresented the financing available for his company. but the company is him, right? >> exactly. it's a remarkable story in so many ways when you think about it. for some of the reasons you just mentioned, for people that don't know who elon musk is, he has become one of the big names in american business, especially the last few years. he's the head of tesla known for expensive electric vehicles. the head of spacex, ahead of other entrepreneurial ventures. elon musk says this past year has been excruciating. niece what he told "the new york times." an interview like one we don't see often from a ceo. "the new york times" been great. i've had friends come by that are really concerne

i'm connell mcshane filling in for david asman. melissa: i'm melissa francis.else we're covering in the very busy hour ahead. rebuilding our military like never before. president trump just signing into law a massive military spending package. that includes the biggest pay raise for our troops in nearly a decade. details

connell in for neil. connell: very interesting. susan li there. great show.ld shave off your head, grow one of the long beards, ashley. >> would be a great look. stuart: it is your show, careful, connell. connell: welcome to "cavuto: coast to coast," i'm connell mcshane in for neil this week. there has been a big debate what type of wave we're in for midterms. many say close ohio race points to a blue wave where democrats take over. president trump points to a red wave where republicans add to the majorities. our question that

craig writes that the entourage included former arizona senator john connell. september 4 the judge brett cavanagh will testify before the judiciary committee on his nomination to serve on the supreme court. he currently serves on the d.c. circuit court of appeals. chuck grassley expects the hearing to last 3 - 4 days. we'll have live coverage on c-span three. also on c-span.org or listen to the hearings on our free radio app. >> last week i announced that the senate judiciary committee will hold a hearing on judge kavanaugh's nomination for the supreme court sure to september 4. the hearing will begin 57 days after president announced judge kavanaugh's nomination. more than a week longer from the announcements and hearings from the last three justices soto meyer kagan gorsuch. the senate has already received more documents from judge kavanaugh's time in the executive branch that we differ many previous supreme court nominee. we have so far received more than 184,000 pages of documents, which more than 124,000 are currently publicly available by anybody in the

connell mcshane is in kermit, texas, and he's got the details. connell?, charles. if you want to come to a place that is really booming economically, you've got to come to west texas. you've probably heard about the permian basin in terms of being one of the hottest areas in the world when it comes to drilling for oil. those shale drillers there need the sand. and to your point, the sand you're looking at behind me, or maybe a better shot in some of the drone footage we shot earlier, was worthless a couple years ago. companies led by high crush, where we're getting a great tour from the plant manager greg edwards, moved in about a year ago, and you started to make some serious money in selling this sand to the oil companies. tell us what we're looking at. >> behind me is two wash grant plants. we -- wash plants. we take the raw feed, wash the organics out and then start the drying process to go to our drain field to further dry before it goes into our dry plant to be a finished product for our customers. >> reporter: i'm looking at it, it looks like heavy

thank you so much. >> yes. >> connell mcshane.eam trump pushing more chips onto the tray table with the closing bell coming up. the trade war with china, could the silicon valley -- they remain overexposed to the chinese market per silicon valley resident bad boy, tj rogers has been fighting against chinese theft of american technology for years. the semiconductor cofounder next on the president latest $200 billion threat and if they will get the chinese to bend or break. we are coming right back. apple is still above $1 trillion market cap. we have got a problem. a few problems actually. we've got aging roadways, aging power grids, ...aging everything. we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. because solving big problems is what business does best. so let's take on the wage gap, the opportunity gap, the achievement gap. whatever the problem, business can help. and i kno

connell mcshane to take you threw the next hour. >> she is. neil: yes, they are. connell.l it "the intelligence report, which is probably why they never asked me to host in the past. president trump is asking the sec to abolish quarterly earnings reports. we have quite a guest off the top, kevin hassett, chairman of the council of economic advisors. we'll talk to i am about all that. we'll talk about the latest on trade, whether this booming economy will continue to boom. i am connell mcshane filling in for trish regan. welcome you to "the intelligence report." the president is asking the securities & exchange commission to replace quarterly reports to a six-month

connell: on this day a new round of tariffs kicking in.taking notice with trade concerns pressuring the dow as they normally do when they're in the news, down 75, 76 points at the close. the s&p 500 is in the red, not down as much percentagewise. the nasdaq is down in of itself because it did have a five-day winning streak. up for a lot of the day. i'm connell mcshane. filling in for david asman. melissa: i'm melissa francis. this is "after the bell." here is what we're covering in this very busy hour ahead. the war of words heating up between the president and his

trish: thank you, connell. billionaire investor carl icahn joins me for the first interview since announcing the opposition to the cigna and scripps merger. he is warning cigna shareholders this deal is a huge mistake with a huge price tag. my exclusive interview with carl icahn. so don't go anywhere. i'm trish regan. welcome to "the intelligence report." ♪ . trish: also this hour, home depot cofounder ken lange phone joins me on set with his brand new book titled, i love this, "i love capitalism." he will explain why democratic socialists like bernie sanders and alexandria ocasio-cortez are completely wrong to think that socialism can ever work in america. >>> plus we're following markets. the dow off 26 points. we're following tesla throughout the hour. new questions whether elon musk may have violated sec rules when tweeting he is thinking about taking the company private. we'll get to that straight ahead. joining me on the phone for his first interview since opposing the scripps cigna deal. legendary invest

connell: that's what i worry about, kimberly. i worry that the fbi got played.e all got played here. this divisiveness has grown so much worse because of vladmir putin and the russians themselves going all the way back to that infamous dossier. any way i unfortunately am out of time but we've got to talk some more. kimberly, thank you. >> you too. trish: assassination attempt using drones fails against the venezuelan president while the leader will most likely use this to maintain his hold over the socialist country, some are saying this might actually put a spotlight on some of the new dangers that could come as a result of drones. we're going to talk about that next. you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. [music playing] (ceo) haven't been playing golf this year, i am sorry about that. (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. when you rent from national... it's kind of like playing you

connell: would you go to mars? melissa: no. i hear there isn't a return trip. i'm not super excited about that. my son went to speed camp last week and loved it. very cool. yeah. connell: that's it. melissa: "evening edit" starts right now. >>> it's part of my whole life. my whole life has been this way. nobody said geez, this is controversy. i don't know, i always had controversy in my life and i have always succeeded. i have always won. i have always won. it was controversial when i ran and i won. now the country's doing better than it's ever done. we have the best economy we have ever had in the history of our country, and more jobs today, literally today, we have more jobs, more people working in the united states, than ever before in the history of our country. black unemployment, asian unemployment, women unemployment, hispanic unemployment, historic lows. it's been an amazing thing. unfortunately, the media never covers that. they don't like to cover that kind of thing. they like to cover nonsense. john: president trump says he's used to controversy as h

trish: connell, thank you very much. we're sitting near the lows of the session on the dow, happening as president trump puts turkey on notice and doubles tariffs on steel and aluminum imports from our nato ally. a little good news, u.s. trade advisors are very close to striking a deal with mexico on automobiles. i'm trish regan. welcome, everyone, to "the intelligence report." ♪ trish: economic turmoil in turkey as the turkish lira tumbles to new lows fears that they can't pay the foreign debt. to mack maters worse, president hitting turkey with higher tariffs. he says relations between the two countries are not good. we have details straight ahead. >>> democratic's party's new darling alexandria ocasio-cortez defending socialism again. yet when conservative commentator ben shapiro challenges her to a debate on socialism, what does she do? she turns it down. if you really believe in this stuff, if you're a socialist, shouldn't you be willing to defend it? coming up my take why socialism will not work, even in denmark, f

connell: i was saying that is so weird. trish: kind of makes you wonder if is is pulling the media chain to a certain extent. we'll talk about it. thank you so much. breaking now, president trump putting the world on notice, you know what, if you do business with iran no way you will do business with the united states. the stern warning as the president reinstates the toughest sanctions yet on iran. despite the tough talk on trade, hey, we're looking at a pretty nice rally, up 157 on the dow. i'm trish regan. welcome, everyone, to "the intelligence report." ♪ trish: we'll have a whole lot more on sanctions coming up. meanwhile also breaking today, conservatives under attack yet again. antifa protesters has asking and even throwing water at two conservative activists who are frequent guests on our network, candace owens and charlie kirk. watch this. >> just hanging out. [shouting] [bleep] trish: pretty disgusting stuff. two people were trying to enjoy their breakfast, to be shouted down, harassed like this. we've seen it hap

look who's here, connell mcshane is in for charles payne.see you not out in some texas sand dune -- [laughter] connell: i'm just happy i'm not out in new york city today. you can't walk two blocks without sweating to death. thank you, e. mac. good to be here. having been here on "making money" for quite a while. today was really another good day on wall street, the market moving up on optimism about a new trade deal. the canadian foreign minister in washington participating in a second round of talks with u.s. and mexican trade officials and renegotiating the deal formerly known as nafta. also tonight we have some evening tweets just coming in to us from president trump. on the surface, he's making comments about china, north korea and war games. behind it all though

connell: all in my wallet.a francis. >> i'm connell mcshane filling in for david asman again. welcome to "after the bell." no huge market reaction on the cohen, manafort news we were all over 24 hours ago. the dow down 88 points at the close t snaps what was a four-day winning

connell: yeah, happy birthday. the idea he did it at the direction of a candidate, presumed to be the president. melissa: bail of half a million dollars? connell: half a million dollars. melissa: i'm exhausted. here's "the evening edit." john: the jury in the paul manafort case finding donald trump's former campaign chairman guilty on eight of the 18 charges against him. we will bring you all the details. president trump's former personal attorney michael cohen just striking a deal with prosecutors, pleading guilty to multiple counts of campaign finance and bank fraud and tax evasion. the deal includes three to five years in jail. we will bring you all the details. the stock market is about to become the longest bull run in american history driven by a strong u.s. economy. the jobless rate at an 18-year low. how long can it last? we will debate. >>> president trump heading to west virginia for a rally tonight. fox business will bring it to you live. thank you for joining us. thanks for watching. i'm john layfield.

chart up 161 points on the dow jones industrial average so one hour to go in trading for the week i'm connell mcshane in today for trish trish regan. time now for the countdown and adam shapiro is in for liz take it away. adam: connell thank you very much and there is breaking news because markets are popping just session highs moments ago 169 on the dow as new details emerge over talks next week to try to pullback on the trade war which is escalating between the united states and china. right now the dow 159 the s&p 500 up 13 points and nasdac up 21 points we could end the week positive. we need the nasdac to gain a bit if we want to do that but right now the news comes hours after we learned there would be no breakthrough in todays talks regarding nafta. the mexican economy minister pushing away from the table, but he says he's going to be back. edward lawrence is following all the trade developments every step of the way for us meanwhile president trump says he is asked the sec to look into the way america's businesses report financial details: are quarterly earnings soon to be a thing of

connell mcshane through the next hour. >> good to see you, neil.t now we have a rally underway on wall street connell: we have a look what the deal might mean. i'm connell mcshane for trish regan. we welcome you to "the intelligence report." a lot of other stories we're following as well. the president meeting with the president of kenya at this very moment at the white house. we're on top of that we're told two leaders are

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connell: i'm not a big olive garden guy, believe it or not. the breadsticks are good. melissa: you ate through the entire -- connell: the breadsticks are good. i will give them that. melissa: that does it for us. john: you guys get all the food. we have a big show tonight. today marks the longest bull market run ever. our money market panel has your next moves. >>> to the political sphere. president trump's former attorney michael cohen has been subpoenaed in connection with the trump foundation investigation. this after he pled guilty yesterday to eight criminal charges including tax fraud and campaign finance crimes. attorney doug byrnes is here to explain. >>> authorities saying the suspect in the murder of mollie t tibbetts may be an illegal immigrant from mexico. we bring you the latest. thank you for watching. money, politics, we got the debate behind tomorrow's headlines. i'm in for my friend liz macdonald. "the evening edit" starts right now. today we hit the longest bull market streak ever in history, stretching back to august 2009. the s&p touching a record h

. >> reporter:scott connell he lives in willow glen. one of san jose's upscale neighborhoods. social media including next door is full of recent accounts of bold break-ins and assaults. in one recent crime spree, one victim's car was stolen from her driveway while she was eating dinner in the backyard. days before, thieves kicked down the door of an elderly woman's home while she was inside. >> on the average, sunday's -- sunday morning at six, you're going to get a cop there pretty quickly on pretty much any day but when it's busy, we average about, how average -- hover around 20 minutes to get to nonpriority calls. that's what we are at now. >> reporter: san jose is the 10th largest city in america and its current staffing levels are the same as they were in the late '80s. they have about 500 patrol officers working across three shifts covering 180 square miles of the city. >> yes it's true, we are the least staffed major police department in the country. but we are still one of the safest largest cities in the united states. your officers are working hard for the city. >> r

neil: connell mcshane in washington.sident trump discussing his own feelings with the senator who he had fighting relationship in an interview with bloomberg. >> we had disagreements and they were strong disagreements. i disagreed with many of the things that i assumed he believed in but with that being said i respect his service to the country. neil: all right, you know, much has been made of this relationship and where it stands now, the president has been very magnanimous not only providing entire cabinet, vice president to speak on senator's behalf, but late some would say but issuing a very powerful statement in support of mccain's life and times and contribution to the country, former bush 43 deputy assistant brad blakeman. brad, we will know the degree to which two fought with each other but was it overstated or was it about act-- accurate? >> i think it was about accurate, you had two people that didn't get along. john mccain never left a meeting with i wonder what he's thinking. the president can be brutally hon

let's get the read with connell mcshane. chief prudential market strategist, quincy krosby, "wall street journal" editorial board member, crackerjack writer, dan henninger. the idea that exposure to turkey knows no end. even though they have a plan to stablize the markets it hasn't done the trick, what is going on here? >> there is no plain to stablize the markets. the problem lies inside of turkey. mr. erdogan is giving no indication that he will allow the turkish central bank to stem the fall of the letter a. we went through the mexican peso crisis in 1994. you're frying to find out where the exposures lie. turkey has 50% of hard debt in its currencies mostly in dollar. we're trying to find out which european banks hold turkish debt and how much exposure do they have? that would be the big question right now. neil: it happens again and again, right? every time we see this sort of thing crop up, we could go back to thailand and the bat crisis. seems like the exposure would be minimal, never deemed minimal or reaction is nev

i'm connell mcshane filling in for trish regan.today, up 40 points on the dow, green across t

connell mcshane in for neil. connell, it's yours.akfast, in philadelphia. welcome to "cavuto: coast to coast." back for another day this week. connell mcshane filling in for neil who is on vacation. sanctions on iran kicking in officially again as the president ordered the restrictions to be restored saying the nuclear deal negotiated by president obama was horrible and one-sided. president trump warning anyone trading with iran they will not be doing business with us, the united states. all this as the european union made some moves to try to counteract the sanctions, insisting trade with iran is crucial for a nuclear deal. so former intelligence officer

connell mcshane is there right there at the permian basin in midland, texas.they doing of fixing the problem getting the oil from the field into the market? reporter: they're trying to build pipelines, stuart. the problem they can't bid them fast enough. they're almost a victim of their own success. it is remarkable what happened here in west texas over the last few years. i spoke to an analyst, the single biggest factor in america becoming energy independent pumping oil out of permian basin. it is rare to get up on the rigs to sew you what is happening. pete will do that, my photographer. we'll have rich culbertson, who is here and helps run the rig. tell us what you are looking at? >> cementing the casing at 300 feet. two-stage cement job. we'll pressure testing and drilling next section. reporter: you're drilling down and next process is the fracking. tell us how it is done. >> move from this location to next location. bring in service rig, frack it, start producing. reporter: how long does that take? >> i'm not sure on that part. drilling part, ticks 10 da

but there have also been other people who have won in other districts, connell won in pennsylvania, inama, in a state that is as conservative as south carolina. i don't think they label themselves as democratic socialists, but what i said, which i am going back to, is people are running in states and in districts and reflecting the values of the folks that they are claiming and wanting to represent. and that's what we are going to see in 435 districts and 50 states this november. see ijust wonder... people are going to reflect the people on a local level. so in new york, in the bronx, you could win as a democratic socialist, that's fine, but in south carolina that probably is not going to work. i can guarantee you that. i hear what you're saying. again, at the end of the day... i just wonder if you have learned the lessons... have you learned the lessons of losing. in 2016, let us not forget, you, jaime harrison, were a supporter of hillary clinton. you, jaime harrison, were part of that democratic establishment. you worked forjohn podesta, who of course was very close to hillary clint

but there have been other people who have won in other districts, connell and one in pennsylvania, inat is as conservative as south carolina. i don't think they label themselves as democratic socialists, but what i said, which i am going back to, is people are running in states and in district and reflecting the values of the popes that they are claiming and wanting to represent. and that is what we will see in 435 districts and 50 states this november —— folks. people are going to reflect the people on a local level. so in new york, in the bronx, you could win asa new york, in the bronx, you could win as a democratic socialist, that is fine, but in south carolina that is fine, but in south carolina that is probably not going to work.” is fine, but in south carolina that is probably not going to work. i can guarantee you that. i hear what you are saying. ijust guarantee you that. i hear what you are saying. i just wonder guarantee you that. i hear what you are saying. ijust wonder if guarantee you that. i hear what you are saying. i just wonder if you have learned the lessons... have

connell: stock price has just about doubled, some people say, boy you're growing too fast. >> we justited about that. that's going to allow us to be able to have the most expensive offering in the business. >> thank you, scott, some business, stuart, it really is, because you think you're in the middle of nowhere, the sand to the permian basin and they are making money in kermit, texas. stuart: they do a lot of franking in texas. thank you very much, indeed, i will not mention he's a mets that the mets lost, i didn't get into that. the wall street journal -- [laughter] stuart: wall street journal says young people don't want jobs in the construction industry, coming up the woman who founded contracting firms in new york city, barbara cay, construction trail blazer and she says the wall street journal is dead right, young people don't want to be in construction and that she says is a problem, she's next. right now we bring you the beautiful cities of america, this one is obviously, the arch alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidel