among our guests this hour, alan dershowitz, mike baker, morgan wright, dan henninger. david: with those guys you know it all. the dow surging into the close. ending up 142 points. this is record high. go straight to nicole petallides on floor of new york stock exchange. this never ends, does it, nicole? >> david and melissa, some traders are saying make dow 22,000 hats? one has a dow 30,000 hat ready to go. there is certainly a lot of optimism. this is the first time we cross 21,500. new high for the dow and s&p 500 and tech stocks bounce back. break it down. driving stocks to all-time high. apple, tech stocks, despite cautionary notes from analysts next couple weeks the tone is still the iphone in the fall is going to be a win. you see apple closing 146.34. that is up over 2%. nike a winner and kept a close eye on the done deal of amazon and whole foods even though they surged on friday. new highs for amazon and whole foods. surged 30% almost on friday for whole foods on that deal that amazon was buying whole foods. 27% premium. gaining, giving it back today. that is

david: joining me dan henninger, bill mcgurn and mary kissel and dan freeman.e nancy pelosi, maybe you can have one victory but four in a row, that's kind of hard to take. >> yeah, the old saying goes, four more victories like this and we are undone. [laughter] >> why is nancy pelosi a savvy politician saying such ridiculous things and i think the reason is because she has nothing else to offer. what they have been doing in all of these elections is teeing it up on referendum on donald trump and since the election, the democrats whether in washington or anywhere else have been running solely against donald j. trump. what we discovered in georgia, that's not working. the democrats have to come up with something else and at the moment it is well known, they don't have much of anything else in terms of substance or policy. >> and bill, the question is whether they need somebody else, and particularly somebody other than nancy pelosi. donald trump is having a field day. he sent out a tweet pleading with her to stay, let's put up the tweet if we can essentially, ple

david: joining me dan henninger, bill mcgurn and mary kissel and dan freeman.e nancy pelosi, maybe you can have one victory but four in a row, that's kind of hard to take. >> yeah, the old saying goes, four more victories like this and we are undone. [laughter] >> why is nancy pelosi a savvy politician saying such ridiculous things and i think the reason is because she has nothing else to offer. what they have been doing in all of these elections is teeing it up on referendum on donald trump and since the election, the democrats whether in washington or anywhere else have been running solely against donald j. trump. what we discovered in georgia, that's not working. the democrats have to come up with something else and at the moment it is well known, they don't have much of anything else in terms of substance or policy. >> and bill, the question is whether they need somebody else, and particularly somebody other than nancy pelosi. donald trump is having a field day. he sent out a tweet pleading with her to stay, let's put up the tweet if we can essentially, ple

we are back with dan henninger, kim strassel and joe rago.e senate republicans making behind the scenes? >> they are making a lot of progress in the sense that they studied this issue more than any other. everybody says they're working as well together as they ever have. paul: wow. that's saying something. >> that's progress. at this point they know what the policies are, they know what the trade-ups are. it's time to make a decision. paul: and the trade-offs are all geared from mcconnell's point of view, you get to 50 points? >> exactly. paul: the problems here or how rich to make the subsidies for the insurance onics changes, what to do with medicaid in particular, how much authority you give back to the states and how much money you pay in medicaid going forward from the federal government and how much -- how many taxes of the obamacare to cut? >> right, it's all about turning those dials and do you maybe preserve some of the taxes in order to make the subsidies more generous. ultimately, i think leader mcconnell, he's going to make a prud

dan henninger and kim strassel. mary, we will get to the politics which are corn here, but first just as a decision was it the right one? >> i think it was and i think there were three major problems with this agreement. the first is in a cost-benefit analysis, the numbers just don't add up. president, president obama committed to certain regulations that would cost the economy a lot and i think president trump is right. but the payoff very was small in its progression and not enough to make the cost worthwhile and there was also a huge money transfer of $3 billion that was supposed to go to a united nations green fund and we know that we would never see that money again. paul: right, dan, the argument, though, for saying in, there was a lot of pressure, the business community, a lot of businesses really wanted him to stay in because they begun to think that this is good politics for them marketing. >> marketing. paul: that's right. the argument that scott pruitt of the epa made if you stay in even though maybe thes

among our guests this hour, byron york, dan henninger, ralph nader. david: ralph fade e nader, haven't seen him for a while. the dow sinking into the close after hitting a record high on friday. take a look at the tech heavy nasdaq. the months long rally has stalled. the index closing down nearly 1%, this after dropping 97 points on friday. we have you covered with nicole petallides at new york stock exchange. but first to lauren simonetti at the nasdaq. lauren, what is driving tech lower? reporter: because it's a crowded space and it is really high-priced at this point but maybe not so, david, with the capacity two days of incense selling for nasdaq. 1.8% drop on friday and modest half a percent drop today for the nasdaq. it is still up this year by about 15%. this still has been a successful trade but we're starting to talk about pullbacks of 5% drop from a recent high corrections, 10% drop, and of course the bear market, right? speaking of this, netflix, very popular stock, up 1500% in five years time. at one point at the low of the session today i

we're back with dan henninger, mary kissel and bill mcgurn.focus on otto warmbier, sometimes when you focus on one american who has been terribly mistreated as he was to the point of death, it is personal. we got to know another family, we have to know otto, we were pulling for him to pull through which he did not. the significance of that. quest north korea is a close regime. journalistically there are not logical deeply to the country. so we are not really shown the reality of what life is like in north korea today. what happened to otto warmbier's happened to tens of thousands of north koreans. he said in your introduction that we have to stop their nuclear ambitions. lesser member that they're working on biological chemical weapons. we saw the chemical weapon used in kuala lumpur to kill kim's brother. i have delivery systems two. they're working on ballistic missile programs. they could take balloons and send them over soul and drop them.this depth shows the kind of individuals, the kind of regime that was those weapons. >> and you cannot

elizabeth: dan henninger, happy fourth. >> thank you.meal kit delivery service blue apron continued its fallen on its second day of trading since its i portion -- ipo, the stock dropping another 7% closing around $9.36. it opened at $10 a share. that was the ipo price. >>> next be up we have democrat senator elizabeth warren now opposing the republican health care bill. she's saying it's not enough. she's now telling democrats, you know what? you've got to start running on a single-payer, socialized government solution. we've got the details coming up. >>> but first, "the new york times" quietly correcting a big story. it was a major overstatement that a full 17 intelligence agencies agreed that russia hacked the u.s. election to help get trump elected. turns out there was only four. not 17, 4. we have more on that story coming up. >> seventeen agencies come to a consensus conclusion that the russian government at the highest levels was involved in an effort to play many -- in our election process. or painted in luxurious strokes. and in

thank you, adam. >> i sure do, dan henninger, "wall street journal" editorial page editor. fox news contributor. liz peek, "fiscal times" columnist. good to see you, dan and liz. >> thank you. >> as we await on cbo score of senate version of obamacare repeal and replace. you see these cries from the left, something that nancy pelosi said on cbs, hundreds of thousands of people will die in this bill, in this version of the bill but i'm going to bring you guys back to a tweet from the president. he says, you know, we're getting no help from democrats on this. perhaps just let obama care crash and burn? dan, isn't that what we're seeing now? 1000 counties across the nation would have one insurer next year. isn't repeal and replace better than what we have now? >> i think so, lauren, absolutely. it is true obamacare is crashing. exchanges are crashing across the country. we get reports every week. the question who is going to do something about that, who will bear political responsibility. i think if these five senators, senators portman, cruz, lee and dean heller of nevada, sin

what says dan henninger?georgia tuesday, absolutely -- stuart: really? the georgia vote was that important? >> oh, i think so. it showed that the democratic strategy of being totally anti-trump, complete resistance on everything, cooperate on nothing doesn't seem to be working in the kind of moderate state that is many of those moderate democrats will be running, north dakota, west virginia, indiana. and i think that people like senator joe manchin, joe donnelly in indiana are stepping back and saying i think i've got to show a little bit of cooperation here on things i can take back to my moderate constituents. stuart: okay. now, we have the dow industrials up 38 points. health care stocks are up. i believe the market, investors are listening to the dan henningers of this world -- [laughter] you can move the market, let me tell you. [laughter] there's a man of power. okay. i think investors are saying, yeah, we've got something going here. what do you say, herb? >> i think dan stated it very effectively. the

we're back with dan henninger, kim strossel and joe rago.this question of leaks first. we have a side of comey how he directed a leak of his memos. let's look. >> the president tweeted on friday, after i got fired, that i better hope there's not tapes. i woke up in the middle of the night on monday night, because it didn't dawn on me originally, that there might be corroboration for our conversation, there might be a tape. my judgment was i needed to get that out into the public square. so i asked a friend of mine to share the content of the memo with the reporter. i didn't do it myself for a variety of reasons but i asked him to because i thought that might prompt the appointment of a special counsel. paul: kim, that's pretty remarkable not the fact that he leaked through a cutout. that happens all the time in washington we should tell our viewers that but the fact that comey said he deliberately leaked it to trigger a special counsel probe. >> the deliberateness of it. also, the ease with which he describes the process that he went through

chairman and established favorite and gillespie sweetgum and uncomfortable when.your back with dan henningerember granted wall street journal editorial writer and -- what is the main message under the virginia primaries? quickly run through. after the democratic primary, they said we are united as one to defeat ed gillespie in the general election. after the republican primary was over, cory stewart said this. there is one word you'll never hear from me and that is unity. [laughter] unless gillespie comes across to his point of view. so in other words, the republicans are intent on remaining divided. virginia has 13 electoral votes. if they allow that stage of the democratic ill have a tough time losing presidential elections. so you have to wonder what people like cory stewart are thinking when they say, we can't support our candidate. breathless talk about the democrats. because the turnout was enormous. the last time you had a competitive race, 2009. only 320,000. qwest may have over 500,000. where republicans should be a little worried. they had a pork turnout compared to the democrats m

have you been watching this show, dan henninger? >> every day, are you kidding me? the point is, i think we're both making the same point, the left is stoking this political climate, and they're not going to back off. and that's what you're saying today. >> i don't think they'll back off, and we're heading into deep and dangerous waters at this point, and we should be a little bit careful. it isn't merely that political rhetoric is heated these days. i think something has been going on for some time, forces put in motion, and that is we have to realize how emotionally and psychologically jacked up everybody is about politics and their opinions. i mean, like, town halls are not just angry, they are over the top. you go out to campuses, and you don't talk to your opponents, you have to shout them down. the emotional intensity is extraordinary. and i think it has a lot to do with the fact that we've been living in kind of parallel universes for some time now. i say it is related to social media and things like that. the fact is that people in many aspects of their live

dan henninger, deputy editor of "the wall street journal" editorial page and joins us right now.riffin's severed blood at this head of donald trump. there is something i call political disorder syndrome. what it suggests not just politics has become infinance. the emotions beneath politics have become very intense. steve: for instance, the shooter, who tried to kill as many republicans as he possibly could before the hero cops came in, do you think he was insane, crazy or just so motivated by the harsh rhetoric out there he took action into his own hand? >> i think there is combination of things going on there. i mean, we live in a world with social media, which a lot is driven by emotion, a lot of it has become political. people in politics understand you can drive emotion on both the left and the right. so individuals get wrapped up in their world of social media, facebook, twitter, they're online all the time. they're brainwashing themselves. same thing happens to people from islamic state, the terrorists. they go online and whip themselves into a frenzy and i think what happe

it is thursday morning, and with us is dan henninger who writes a column weekly on the editorial page on the show thursday mornings at 11:38 eastern time. the headline today, should trump abandon the gop? i take it your answer is yes. >> we are getting close because the gop, trump got elected in 2016, the republicans took control of the house and senate, the conditions under which you would expect legislation to occur, trump committed himself to reforming obamacare with the healthcare bill and he has suffered two significant setbacks, first they voted against it in the house, put something together, came over to the senate and now you have a group of senators that have decided they cannot support the bill, it will roll over through 4 july weekend. i have to tell you this bill is not getting better. senators saying they are afraid a laminating 3.8 surcharge on investment will be a tax cut for the rich, it would have been a next ordinary capital gains tax, that may be going, pulling back on the medicaid reforms, it has turned into the familiar sausage factory and if the republicans cann

neil: i like the fact that i would have higher rank than dan. >> i will pay for this on thursday in henninger's column which appears right above mine. neil: heavily edited come. dan, do you gets sense that negative very trumpers rally against the agenda, the agenda is solid and fine and popular, well-received. a lot of people do want lower taxes. a lot of people do want relief from regulation. a lot of people want forceful, authoritative america. a lot of people support notion that we sometimes get suckered into agreements that are controversial but he gets in his own way here, and i'm wondering given the limited time you alluded to does it look like he is sinking himself? >> it looks like he is sinking himself. ultimately is is not about the media or "wall street journal" editorial page. neil: i know this is seminal development. you and your paper raised doubts before but laid out in a way this whole agenda is in peril because of your behavior. >> agenda, there is another phrase for the agenda, called make america great again. that is why so many people voted for donald trump. they wanted the