i'm david asman welcome to "forbes on fox." steve forbes, mike owe zaz yan, elizabeth mcdonald carrie she have leveled, bill and john tamny. mike, why are we arming folks who help terrorists is this. >> because president obama has been down playing the threat that isis poses to america, going all the way back to the attack on the american cons late in benghazi. that's why he's warming qatar. even though qatar is definitely helping the terrorists in the middle east. john bowl ton has been warning about this for months now and ee jipt our ally has been warning us about that but the administration has totally ignored those warnings. >> we don't have to sell them arms. why are we doing it? >> i think you have to shed some of your idealism when you engage in foreign affairs. if you're too picky about your alliances you wind up fighting alone alone. imagine if we said we had refused to help the soviets height the germans because we were unhappy with stall lynn's

david asman is here for the next hour. david: good to be here.petallides at the new york stock exchange. talk about one thing that is up, housing up in a big way today. >> reporter: absolutely, dave and cheryl. saw new home sales surge almost 8%. the highest levels since february 2008. with that and the prior month was revised higher as well. the home builders surged into the green. never looked back and inventory tight, so they're going to have to do home building. cheryl: i thought the northeast number was a mistake, you are looking at twitter, the stock on the down trend -- excuse me, seeing big gains today. what's going on with twitter? >> break out of resistance levels and theone, expansion saying this is a good one. up 6.25%. david: interest rates way down. >> reporter: yeah, it's even moving right now. 1.87%. i don't think anybody really anticipated that drop. and really, we haven't seen it below 1.9 recently. cheryl: and google the new cfo from morgan stanley. >> leaving wall street and going high-tech. and it's a story with less regulati

cheryl: we're sitting at session lows for the dow right now, david asman. has been a rather rough market. david: it has. as you mentioned before this is not as big of a story as nasdaq which percentagewise is down much greater. biotech leading way down. even with today's down day, biotech is still 10% ahead for the year, just to put things in context. doesn't mean this isn't going to continue. let's go to nicole petallides at new york stock exchange. first of all, on a down day, why not be contrary, talk about kraft which is getting a huge boost with news what buff set doing? >> this merger between kraft and heinz. when you talk about berkshire hathaway, warren buffett and putting three names together, makes it the fifth largest food an beverage company in the world. that is a big deal. cheryl: moving to the upside you have lumber liquidators, nicole. what is happening there? >> that is a real big winner. first findings in preliminary tests things may not be as bad as they seem. [closing bell ringing] biotechs, don't forget, tripled since 2012. there is wor

david asman. >> well you know who else thought about it? a guy who enunciated that in his inauguration speech in 1981. i think we can play the clip. >> government is not the solution to our problem, government is the problem. it is time to reawaken this industrial giant. >> so i think people are getting back to the notion that he enunciated. >> i ran into the westchester county district attorney the other day. she's a democrat. nice lady, who started screaming at you. you guys at fox why do you hate government so much? you hate government. melissa: because they mess everything up. >> then you put all these politicians on your show even though you hate government. do you like obama care? no i don't like obamacare. that is why we hate government. >> i actually don't hate government. i love government but i love the right kind of government. >> wait a minute. wait a minute. for you the right kind of government is no government. >> absolutely not. government is force. i'm for force applied to the right people. >> you think only one purpose of g

david asman. rich lowery, "national review." fox news contributor. the plane caught in the fence like a net. >> i was surprised the guy at press conference poo-pooed the idea. no, there was no danger into the water. melissa: really? >> it was dipping over the water. the nose of that aircraft was right over the water. there was incident couple years ago charlie remembers as well, there was plane went in the water. went into the drink. i think there were couple fatalities as a result of that. this thing was close to going into the water. >> you have to ask yourself why they were landing in this crummy weather. >> with the wind behind them. melissa: they said two planes came in before them reporting good braking. that is what they said in the press conference, but continue. >> airlines stocks are off. shows you how crazy stock traders are. why investors have to worry about the headlines. should ignore the headlines. stocks go on stupid headlines on this they will trade off. >> don't panic. >> put up a stock chart of the airlines right now, to give it so

david asman will be joining me.the market close and more details on this fire in new york city. i'll be right back. >> once again, we're following some breaking news out of lower manhattan. the east village an apartment building fire and collapse reported bit new york fire department. david asman joining me now. this happened about 3:00 p.m. eastern time right here in new york city. we have reports right now via the new york post of 30 injured. initial fire crew did respond to that building. there are reports that some of the crew members might potentially be inside. we have not confirmed that. once again, this is at least a four-alarm fire that could rise very quickly, david. as you know. this is a mixed use apartment building. there is likely commercial retail space underneath. we're trying to get our live pictures out. >> for those who don't know new york very well, the east village used to be very run down. it's become very chic over the past couple of years. a lot of old buildings from the days it was run down.

. >> cost of freedom continues now with david asman. here is dave. >>> a letter sent to iran by republican senators setting off a political firestorm this week in both parties, but lost in the shuffle was the far more important news that saudi arabia, so concerned about a possible weak deal on nuks between the u.s. and iran is that they just signed a nuclear deal of their own with south korea and now a lot of folk worrying about a middle east nuclear arms race that could put our global security nd and committee at risk. we will come to "forbes on fox." let's go in focus. rich the saudis

i'm david asman welcome to "forbes on fox." steve forbes, mike owe zaz yan, elizabeth mcdonald carrie she have leveled, bill and john tamny.

david asman right now. >>> he served the united states with honor and distinction and we'll have the eventually to learn what that is tran sierd in the past years. >> that was then and now we have learned. army sergeant bowe bergdahl is being charged with desertion. ten months after being swapped by the administration for five senior taliban members held in ga want tan know bay. three of those five already trying to rejoin the terror fight. is this more proof that the o cost of closing gitmo is greater than putting it open. let's go in focus to find out with steve forbes, rich carl guard elizabeth

the cost of freedom continues now with david asman on fox. >> talk about weird timing with the whitehouse trying to make a nuclear deal with iron two names go missing from a new u.s. intel report on terror threats guess which ones iran and hezbollah, the terrorist group backed by iran. now, some here wonder if the two things are connected and whether that is putting our lives and livelihood in danger. are they right? hi, everybody, i'm ta welcome to "forbes on fox." let's go in feek us with mr. steve forbes, rich carl guard, elizabeth mcdonald mic owe ozanian and bruce jep son. >> david, the answer probably is no. this is typical obama negotiation and that is make concessions in advance. obama thinks

david asman right now. >>> he served the united states with honor and distinction and we'll have the opportunity eventually to learn what that is tran sierd in the past years. >> that was then and now we have learned. army sergeant bowe bergdahl is being charged with desertion. ten months after being swapped by the administration for five senior taliban members held in ga want tan know bay. three of those five already trying to rejoin the terror fight. is this more proof that the o cost of closing gitmo is greater than putting it open. let's go in focus to find out with steve forbes, rich carl guard elizabeth mcdonald make owe ozanian and bruce. what do you think, the cost of closing more than the cost of keeping it open? >> david, you never close a pow camp until you win the war. we know from past experience when you release these people many of them do go back to trying to fight against us in this war on terror. so this is blood on the ground, innocent lives are being put in jeopardy and in terms of that swap that was disproportionate. usually like during the civil war you have a c

david asman's going to be upset that you were talking to me, scott, and not him.nks, guys. closing bell's going to ring, we've got about six minutes to go. speaking of david asman, i i hear him coming in the studio. >>> you've got the nasdaq and the s&p just down by a fraction. dow holding steady, up 23 points. we shall she how the market closes out -- see how the market closes out when "the after the bell" begins in five minutes. he's here. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. and apply online. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest, ...baddest, ...safest, ...tightest, ...quickest, ...harshest... ...or nothing. at mercedes-benz, we do things one way or we don't do them at all. the 2015 c-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial servic

. >> cost of freedom continues now with david asman. here is dave. >>> a letter sent to iran by republican senators setting off a political firestorm this week in both parties, but lost in the shuffle was the far more important news that saudi arabia, so concerned about a possible weak deal on nuks between the u.s. and iran is that they just signed a nuclear deal of their own with south korea and now a lot of folk worrying about a middle east nuclear arms race that could put our global security nd and committee at risk. we will come to "forbes on fox." let's go in focus. rich the saudis clearly don't need nuclear energy they have enough oil to last for eons. this is about a nuclear arms race, is it not? >> it surely is. and it shows that the saudis gree with prime minister netanyahu who said that this deal doesn't prevent the iranians from getting the bomb it paves the way. so even though the saudi arabia and egypt and all the other countries in the middle east have been very wary of iran, this is going to accelerate their development o

the cost of freedom continues now with david asman on fox. >> talk about weird timing with the white house trying to make a nuclear deal with iron two names go missing from a new u.s. intel report on terror threats guess which ones iran and hezbollah, the terrorist group backed by iran. now, some here wonder if the two things are connected and whether that is putting our lives and livelihood in danger. are they right? hi, everybody, i'm ta welcome to "forbes on fox." let's go in feek us with mr. steve forbes, rich carl guard, elizabeth mcdonald mic owe ozanian and bruce jep son. >> david, the answer probably is no. this is typical obama negotiation and that is make concessions in advance. obama thinks he can deal with these people the way neville chamberlain thought he could deal with the nazis or jimmy carter thought he could deal with the soviet union and russia before it invaded afghanistan. so the quid pro quo is going to end up being iran is going to get a great deal to get nuclear weapons and we're going to be in more danger because of it. >> bruce, the report clearly was chang

faulkner, david asman and the judge figure out what's riskier than what.ite you to play along at home. what's riskier smoking a pack of cigarettes a day or drinking seven glasses of alcohol a day. a or b? a is smoking. b is drinking. >> i would think a. stossel: you're correct. smoking takes seven years. drinking three years. >> although, you can improve more readily from smoking than you can from drinking. your liver is damaged severely. >> what's riskier. we're keeping score. walking through an airport scanner or eating a handful of brazil nuts? the radiation question. >> oh really. i'll say brazil nuts. >> i'll say walking through a scanner. >> you and i think alike. >> you got it right. more radiation in brazil nuts than airport scanner. >> they'd rather clean it that way. >> the way they grow, they suck radiation out of the ground. the roots of the tree. >> different ways of getting to the same answer. >> what's riskier being obese or living in the year 1910. one hundred years ago. >> i would say living 100 years ago. >> you're all correct. people liv

fox business's david asman. along with brad blakeman, former senior staff member under president george w. bush. we also have james freeman from the "wall street journal." what kills me about this story is not necessarily the fact that you have federal workers who didn't pay their taxes because people out there also not paying their taxes. it is how inefficient the government is that all they would have to do is garnish their paycheck. like you have the money that they owe you. and instead you give it to them and don't give it back to you. am i being too hard on government, mr. blakeman? >> you are not being too hard. it is mind-boggling. melissa: so easy for them to get money. they're the ones paying these workers. >> no question. to even think somebody would do that to work for the government, and think they could do that when the ordinary citizen could not is absolutely unconscionable. >> when the irs is part of the problem. they're the ones that told us about it, but irs workers are among those who are not p

david asman will join her to help unravel this amazing story.ge inheritance" and "unpacked" at 9:30 on the fox business channel. advertising. brilliant or idiotic? does captain obvious work for you or turn you off? i think that may be a male, female thing. we want to know what you you think. tweet me. cvpayne. we'll be right back. ♪ charles: hey, politically incorrect commercials, they're all the rage. but do they really work? do four letter words make you want to shop? tweet me. jonathan is pulling out his wallet right now. ♪ ♪ announcer: and now, it's time for "upon further review." charles: yesterday my friend fortune magazine posted an interview with the ceo of dollar shave which has come on strong on marketing. it's been pretty successful. the company's ads are geared toward young men. but they actually rub a lot of people of both sexes the wrong way. probably a lot more obnoxious may be captain obvious. he's the spokesperson for hotels.com. "upon further review," are we a sensitive non-pc nation, or are they pushing it too far. >> you can'

fox business's david asman, rich lowery, "national review" and also fox news contributor. over there is veronica daguerre, you recognize her from "the wall street journal" this report is so infuriating. i mean improper payments increased by 19 billion. they had been going down. this includes in addition to the fraud, errors and overpayments, underpayments and payments made without proper documentation. rich, let me start with you. >> well the core competency of government -- melissa: i'm sorry, the what? >> the core competency of government -- melissa: yeah, they don't have that. >> not even good at that. so look medicare, medicaid we've known forever, rife with fraud. the sail is true of the eitc, a major offender. as far as government programs go not a bad one but still gives away -- melissa: that is the earned income tax credit you're talking about which had nearly 18 billion in improper payments. this is the one we talk about new immigrants come in the country. file for back years when they were here illegally. that is 18 billion given away in improper payments. medica

neil: these bitter boomers are just the ones to set 'em straight, charlie gasparino, david asman and, steve, are you a bitter boomer? >> sort of, neil. i think that this is a generation that wants everything instantly. neil: your generation or the young people? >> the young people. you know, facebook, everything. they want it all instantly. when i was growing up we had to learn to read the newspaper we had to actually go and court girls. it wasn't hitting a button on a dating site. and, you know, to make it more serious, we were controlled by our government to a greater extent than the kids are today. because of the war. vietnam. today if you ask a millennial how do you get out of the draft they'll tell you to shut the window. [laughter] neil: and get off my lawn! >> yeah. neil: as match, you must have -- >> well, i don't want to disappoint you, but i've got two kids who are millennials, one is a gunnery sergeant in the marine marine corps, and the other working double shifts at a restaurant. i've got two millennials who are working their butts off, and one is working directly for the

hi, everybody, i'm david asman. we did not come anywhere close making up losses yesterday.positive, but well under triple digits positive. let's go to nicole petallides at new york stock exchange. we're about to get stress test results. financials had a pretty good day. >> no doubt. financials have been good all day long. we're waiting for fed stress tests part two. citigroup is up. this group really shining. dow down 21. [closing bell ringing] liz: we're waiting on shake shack numbers. they are about to come out with the first public quarterly report ever. stay tuned for that. david: report, not earnings. they're expecting a little bit of a loss. we'll tell you details when we get them right here. bells are ringing on wall street. hello to the red cross on the right. stocks finishing up again. we had very, not very positive considering what happened yesterday. looked as though we may even be gaining some ground what we lost yesterday. nowhere near it at end of the day. russell 2000, small and medium-sized stocks, doing well. see them at bottom of the list there. all indice

a lot coming up, david asman and myself, "after the bell," stay with us. ♪ ♪ cheryl: got dovish commentsic data. next thing you know is a rally on monday. david: biggest intraday high in how many weeks, producers? eight weeks. cheryl: eight weeks. david: nicole petallides is on the floor of the new york stock exchange. we'll be talking about the top pace setter in sectors and it was energy, even on a day when oil is down the energy sector was way up. why is that? >> that's right. you certainly often see the divergence one will be up, one will be down, the commodity will pull back. oil is down second day in a row. dollar has been strong the oil has been to the downside. the dollar is, dow is up 268 points. the teva deal was $2.8 billion deal and united health, $12.8 billion purchase of catamaran. david: financials did well today. why is that? >> no doubt. jpmorgan was a leader on the dow jones industrial average after an article in "barron's" had 30% upside potential and trading cheaper to its peers. we got to see jpmorgan really excel, up 2 1/2%. bank of america, goldman, wells, gained 1

david asman dagen mcdowell you get the buzz.t least on the internet. because when it comes to tweeting or e-mailing, the boss apparently loves being a luddite. i can see -- remember that at sony? if you were a big cheese, would you want to risk some underling leaking that stuff out? i guess i can understand why so many bosses are saying no to this. >> yeah, because they're cowards. when you're at the top, you're afraid of falling off. it's very simple. when you're at the top of a mountain and when you're a corporate ceo -- neil: i think a lot of these guys don't even know -- >> i think they do. you can fall off so easily with an offhand comment on twitter or even in an e-mail -- neil: they're very guarded. >> they are afraid. and they have all their people -- >> cowardly bore, too, and a lot of them don't have anything interesting to say on twitter. and if you're quick to be on twitter -- going to be on twitter, you better make it work. richard branson is fascinate aing rupert murdoch, huge number of followers. they're telling p

david asman and i cover them all the time. >> it enables them to compete in the market and makes theiraily life and running operations easy to do. they have some hats, with small businesses and small banks. we bring that technology to them so they can transact business and play in the market to bring value to all of their customers. liz: i would be remiss if i didn't bring up security. folks here at the innovation project at 2015 in harvard, we're talking about every road leads to security. how are we going to do this if every single person has a different way of doing security? >> consumers need the confidence, first of all when they're doing a transaction. we at vantive are really leaning forward, focusing what we call security suite. you heard the word emv. you heard the word hopefully end to end encryption and tokennization. as soon as the card is swiped or transaction happens it is encrypted to protect the consumers information. all the large clients and large banks are really moving forward and making rapid steps. we need to do this as an industry and we're going to lead the way.

but coming up, it's "after the bell" with david asman and myself, so don't go away. ♪ ♪ the road.eople. but the m-class scans for danger... ...corrects for lane drifting... ...and if necessary, it will even brake all by itself. it is a luxury suv engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. liz: okay. so we had the nasdaq staying in the green for much of the day but it has been a tough go, david. david: it has indeed although it was down further but looked like even the dow was going to make it in the green but towards the end of the day it is trading down between 125 and 130. liz: let's see what nicole says. down at new york stock exchange looks like stocks are unable to rally for a second day. that is not a big surprise. we've seen up, down, all around but two big industrial names hitting the dow. >> it is really tough. we're seeing triple-digit losses. we're waiting on the fed. a lot of nervousness. dupont and caterpillar, dragging the dow

cheryl: like "outnumbered," david asman edition. the supreme court heard arguments today in a case have e housing market. a court will decide that if a homeowner declare bankruptcy can get a second mortgage wiped out if the home is worth less than the combined two mortgages. bank of america said bankrupt homeowners should not be cleared for a second loan if in trouble with the first. a decision is expected in june. the 11th circuit court of appeals said you know what? they're with the homeowners. david: you will watch that. super mario, talking about draghi, his stimulus sending european markets to near record highs but will economic reality spoil the easy money party? one of europe's top businessmen is hear to weigh in next. cheryl: taking on cancer head on. angelina jolie has a message for women. there is nothing to fear. her remarkable story and that decision is coming up. don't go anywhere. ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, reco

david asman is here. a long list of companies.l street versus main street counterintuitive of a stock price that would go up after the announced layoffs. and stock prices go up and announce layoffs litter happened with a o l, cisco merck, american express this is a partial list and it happens almost every time. for those people in the government who say it is all good news about the economy when the stock market goes up. is not necessarily so. target is laying off those middle layers. that is happening at the corporate level. and what this means is those middle layer jobs, upper middle layer class a getting hurt, lower jobs are often intact. and the good jobs that are getting hurt the most, a lot of people in government whether the federal reserve or people in the white house saying is great when the stock market has money in it but it is not necessarily done it indication of the economy. >> the great irony of the administration. they came into office promising to redistribute wealth and what they have done is in which the wealthi

david asman is here. >> it is an incredible story. this guy is a legend. the counterterrorism center. he did lead the hunt for bin laden. his code name was roger. he was known in the movie zero dark 30 as the wolf. again, we do not have a picture of him. we would not show it to the audience if we had it. citizens were killed as well. the administration did not like that. it is a example of them using these warriors. >> everybody assumes it is because he was involved with wings that were a little too tough for this administration. he knows who his boss is nt does everything to please obama. the way that they did it was sleazy. they did it through a memo. asked to be that a stance of the new head of the cpc. again, just another reason. you have these warriors. they are used for political purposes. >> i thought you could not fire a federal employee if you tried. >> why would you release by memo? i do not understand not. >> this guy he probably could not be fired. he has dignity. apparently he does not want to answer to someone who used to be underhand. >> ain