david: phil who? [laughter] [applause] david: come on.: it didn't matter to me, because i did not think he was beatable, and i actually said it to my boss, who has gone on to do great things in television. dennis swanson said, we know you can't beat him so don't worry about it. just be yourself. and that saved me. imagine little chubby me being told now you have got to go and you got to beat phil donahue. he just said we are a local show, and so if you can get a number, we will take it. i had no pressure, no pressure, so i just went on the air and was myself. david: he ultimately left chicago and moved to new york because of the competition -- oprah: i beat him, david, i did. [laughter] [applause] oprah: i wasn't even trying to, but it is just like -- david: i'm sympathetic to white men with white hair, but you did very well. oprah: he was so gracious, and i have always said had there not been a phil donahue, there could not have been an oprah show. he paved the way for that kind of audience, smart women at home, many of them stay at home

david: an ai tax. declaring war on the environment, some liberals say the president is doing that with major cuts to the epa. some here say he's just trying to protect our economy. we debate it next. we asked people to write down the things they love to do most on these balloons. travel with my daughter. roller derby. ♪ now give up half of 'em. do i have to? this is a tough financial choice we could face when we retire. but, if we start saving even just 1% more of our annual income... we could keep doing all the things we love. prudential. bring your challenges. energy is amazing. how we use it is only limited by our imagination. and at southern company we're building the future of energy, for you. >> environmentalists up in arms. they say it will put our health at risk and some here say it will put more americans back to >> some environmentalists accusing the trump administration of declaring war on the environment. it saves plans to slash epa funds and staff and regulations are going to harm our heal

david: an ai tax.laring war on the environment, some liberals say the president is doing that with major cuts to the epa. some here say he's just trying to protect our economy. we this is the silverado special edition. this is one gorgeous truck. oh, did i say there's only one special edition? because, actually there's five. ooohh!! aaaahh!! uh! hooooly mackerel. wow. nice. strength and style. it's truck month. get 0% financing for 60 months plus find your tag and get $5500 on select chevy silverado pick-ups when you finance with gm financial. find new roads at your local chevy dealer. >> some environmentalists accusing the trump administration of declaring war on the environment. it saves plans to slash epa funds and staff and regulations are going to harm our health. but what it will do is protect our economy. how so, john? >> well, trump's critics get it exactly backwards. what puts our environment at risk is the economic growth when the economy is not growing we don't car as much about the environm

♪ david: the live audience does not intimidate you, right? oprah: not a bit. david: no? ok.ou came from very modest circumstances. oprah: modest is not the word. david: very few people in the world are known by one name. oprah: they started me a campaign called "what is an oprah?" david: you are a big shareholder in weight watchers. oprah: that is a sign, when weight watchers says, "let us help you." david: have you ever thought you could actually run for president? oprah: i thought, oh, gee, i don't have the experience. i don't know enough. i don't know and now i am thinking, oh? >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was not fixed, but ok. just leave it this way. alright. ♪ consider myself a journalist. nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job running a private equity firm. how do you define leadership? what is it that makes somebody tick? ♪ oprah: hello. david: well, the live audience does not intimidate you, right? oprah: not a bit. i fe

david: because? i wanted to dribble behind my back or you know throw bounce , passes that were fancy and did not want to carry a rifle. david: did you have a division i scholarship offer? mike: oh yeah, yeah. i probably could have gone to creighton, and wisconsin maybe, and, but my parents kept putting pressure, like they would speak in polish in the kitchen. we never had a house, but we had a flat, and they would talk in polish. stupid. david: you did not know polish? mike: i did not. i did not know this until later. they did not want me to take polish in grade school and high school so that i would not have an accent because they were afraid that i would be -- david: it was not because they did not want you to hear what they were saying? mike: probably they had a number of different motives, but they would put a few english words in there -- stupid, mike. finally said, i will go. and it was the best decision i never made, you know to go to , west point. it is really going to west point is the basis

david: steve? >> the bottom line, in terms of the republicans, the proposal they have in terms of these tax credits, they're going to cut off the people with the least, and they're not going to be able to take the political heat for it. so do something, if you want to do something like food stamps, get good free markets and the government out of the rest of it. david: capitalism with safety nets. the cashin' in gang ready to roll the bottom of the hour. eric: president trump laying out an aggressive agenda. the question, how do pay for it. the president as budget director dick mulvaney is here. and the unions mandated could hurt those they were supposed to help. a fast food chain is proving us right. david: it could be a travel war. e uch eu temporarily halting u.s. citizens in europe over immigration policies. could that cost us job right what if technology gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their d

david: ok.ike: i said, "well, he throws it, you catch it, and i'll have two guys run this way, maybe don't have a shot, hit one of them and less see what happens." so he threw it, laettner caught it, dribbled once, which your heart sinks because -- david: he is not a famous dribbler? mike: no, there are only 2.1 seconds. he had enough courage and knowledge where he put it in, then he shot the ball and it went in. >> there is the pass to laettner. puts it up. yes! david: so, you won the game and went on to win the national championship. the last championship you won, the fifth one, 2015, you are basically playing freshman. how did that happen? mike: it was a most unusual year. three of the freshman who went pro after that, they went early. they were one and done. they did not really care about their own stats. if you can find people who are all into winning -- david: you mention the phrase one and done, and for those who are watching this who may not be basketball aficionados, that refers to the

david: ok.: i remember once being in baltimore and i had a director when i first came to work in baltimore had said to me we have to do something about that name. we need to do something about that because nobody is going to remember or know how to pronounce it. up until that time, i wanted to have a name like everybody else, so it was only when my bosses told me that i needed to think about changing it and they mentioned suzy, because suzy is friendly. suzy -- suzyay winfrey, eyewitness news, a friendly thing, but it was only when i was challenged with the idea of changing it that i thought, no, i will keep my name. so when i started in baltimore, your mother can tell you this, they started me with a campaign called what is oprah, trying to explain to people how to pronounce the name. david: so those who may not know your background, you went to college in tennessee, then you worked in the tennessee broadcasting operation, then you were recruited to go to baltimore, my hometown, and what you ar

david: because?e: i wanted to dribble behind my back or throw bounce passes that were fancy and did not want to carry a rifle. david: did you have a division i scholarship offer? , wisconsinhton parents capbut my karen' putting pressure. they would speak polish and the kitchen. we never had a house, but we had a flat and they would talk in polish -- stupid. david: you did not know polish? mike: i did not. they did not want me to take polish in grade school and high school so that i would not have an accent because they were afraid -- david: it was not because they did not want you to hear what they were saying? mike: they probably had a number of different motives, but they would put a few english words .nd their, stupid, mike finally said i would go, and it was the best decision i never made to go to west point. going to west point is the basis, the foundation, of everything i am right now as a man. to westhen you went point, where the players a better level than you thought they were? mike: we were

david: so was i.nor my mom, to let all those kids know that the love of parents and stuff that your parents did to put you in a position to maybe take advantage of some of these opportunities. david: final question, what would you like to have as your legacy or what you see as your legacy for having done what you done in your career today? mike: i let other people define that. i just like to work hard every day, and i love what i do, and make every day like it is my first day, but with the experience of 42 years. that i was hungry every day. i gave everybody my best shot, and i always wanted to be a part of a team. obviously, i wanted to lead that team. what an interesting life it is to be a leader. ♪ ♪ haslinda: hello, and welcome to "high flyers," the show that gives you a 360-degree view of asia's business elite. today, we meet a man who has links to two enormous but very different industries. his father founded indonesia's oil and gas conglomerate citramas group, but he chose to explore his passio

david: an ai tax.environment, some liberals say the president is doing that with major cuts to the epa. some here say he's just trying to protect our economy. to protect our economy. we do you remember what your sdad and i taught you. about hands only cpr? yes. uh, kind of. if you see a teen or adult suddenly collapse, the first thing you do is...? call 9-1-1. and the second thing you do is? push hard and fast in the center of the chest at a rate of at least one hundred beats per minute. who even knows what one hundred beats per minute even sounds like? ♪ well, you can tell by the way i use my walk, ♪ ♪ i'm a woman's man: no time to talk. ♪ ♪ music loud and women warm, ♪ i've been kicked around ♪ since i was born. and now it's all right. ♪ ♪ it's ok. and you may look the other way ♪ ♪ we can try to understand ♪ the new york times' effect on man ♪ remember it's only two steps: call 9-1-1. and push hard and fast in the center of the chest to the beat of 'staying alive' until help arrives. ♪ ah, ah, ah, a

david: i know.ricans are in the white house, the president is an african-american, and this is a house built by slaves. what was the emotion that night? oprah: it was indescribable. i don't think there are words that, i heard dave chapelle on saturday night live talking about looking over and -- it wasn't the same as inaugural night. it felt surreal, and obviously you are looking at all the paintings on the walls of past presidents and leaders who were all white. it was surreal. i remember walking out afterward with gayle and her kids and we were like, did that just happened? it felt surreal. david: barack obama was the first african-american to be elected president, now we have had somebody who is a media figure, you might argue. now we have never had a woman elected president of the united states, so have you ever thought given the popularity you have we haven't broken the glass ceiling yet for women, that you could run for president and be elected? [applause] oprah: i -- i never considered the qu

david: i'm david asman. this is "after the bell." we have you covered on the big market movers but here is what else we have for you during the hour. the pressure is on for the trump agenda. after the failed health care bill the white house is moving on to the first tax code overhaul in three decades. will they get enough support behind the plan. >>> attorney general jeff sessions, he just issued a warning to sanctuary cities and states announcing that new actions this afternoon will withdraw federal funding from areas that refuse to comply with federal immigration laws. >>> new developments in the fight against isis. the pentagon sending 200 more u.s. troops to the region. among our guests this hour, wow, look at this, grover norquist, senator john kennedy, texas attorney general ken paxton, lieutenant colonel oliver north and radio talk show host larry elder. melissa: stocks rebounding after a sharp selloff in today's market open. the dow closing only about 45 points now to the downside. let's go straight to lori rothman on the flo

come back soon. >> thank you, david. david: appreciate it.lissa: the era of a peaceful transition might be over. why former president obama is reportedly livid with the new administration. david: i have an idea why. ♪ dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia i can't wait for her to have that college experience that i had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise now is the time to consider your medicare coverage options. so call unitedhealthcare today to learn more about a plan that could give you the benefits you're looking for: an aarp medicarecomplete plan insured through unitedhealthcare. what makes it complete? it can combine medicare parts a a

david? david: president trump touting his plan to slash taxes with treasury secretary steve mnuchin backing him up, this time with a lot more conviction. take a listen. >> it will be a big, big cut. at the same time, we will provide massive tax relief for the middle class. >> our objective is to pass tax reform by the august recess and i think that is a very aggressive timetable but realistic, something the president and i are very committed to doing. >> so by august, voted, done, agreed? an signed? melissa: whoo! david: very specific numbe dan mitchell of cato institute, adam lashinsky of "fortune" magazine and recon capital partners cio kevin kelly. good to see you all. let me go first to dan. this is quite a message that you can do both obamacare and repeal and reform and replace, and, have a tax cut by august. what needs to be done to get that done inside of the beltway, dan? >> the number one thing they have to figure out is this controversial border adjustment provision in the house bi

david: my goodness. well, e-mack, we have proof and we're going to show it here is that from '83 when the reagan tax cuts kicked in, to '89, look how the tax revenues, the money that came into the government from individual tax rates, had been cut. it increased 55%. we cut the tax rates from 70%, which was the high, down to 28% and we had a 55% increase in tax revenues. >> the same phenomenon happened under john f. kennedy, tax revenues soared 54% between 1964 and 1969 from his tax cuts. yes, it's common sense, put more money back in, you get nor growth, that means more tax revenues raised from that growth. i mean, we're coming out of this eight-year period, the you didn't build that kind of administration, the teachers faculty lounge and now the economy has gotten out of the teachers faculty lounge. and people should get jobs as opinionated bar tenders. david:on who has an opinion and is not a bartender, does it matter that taxes are paid for? >> i reject the nature of the question. the simple truth is,

david: i know.-americans are in the white house, the president is an african-american, and this is a house built by slaves. what was the emotion that night? oprah: it was indescribable. i don't think there are words that, i heard dave chapelle on saturday night live talking about looking over and -- it wasn't the same as inaugural night. it felt surreal, and obviously you are looking at all the paintings on the walls of past presidents and leaders who were all white. it was surreal. i remember walking out afterward with gayle and her kids and we were like, did that just happened? it felt surreal. david: barack obama was the first african-american to be elected president, now we have had somebody who is a media figure, you might argue. now we have never had a woman elected president of the united states, so have you ever thought given the popularity you have come we haven't broken the glass ceiling yet for women, that you could run for president and be elected? oprah: i -- i never considered the ques

david: i know.cans are in the white house, the president is an african-american, and this is a house built by slaves. ?hat was the emotion that night oprah: it was indescribable. i don't think there are words chapelle ond dave saturday night live talking about looking over and -- it wasn't the same as inaugural night. it felt surreal, and obviously you are looking at all the paintings on the walls of past presidents and leaders who were all white. it was surreal. i remember walking out afterward weh gayle and her kids and were like, did that just happened? it felt surreal. thed: barack obama was first african-american to be elected president, now we have had somebody who is a media figure, you might argue. now we have never had a woman elected president of the united states, so have you ever thought given the popularity you have come we haven't broken the glass ceiling yet for women, that you could run for president and be elected? oprah: i -- i never considered the question, even a possibility. i j

david. david: we do indeed. that the attorney general of state of massachusetts is joining in the lawsuit against the new immigration lawsuit against president trump's travel ban remains discriminatory and unconstitutional attempt to make good on his campaign promise to simply mint a muslim ban. we'll be right back. stay with us. oh, did i say there's only one special edition? because, actually there's five. ooohh!! aaaahh!! uh! oo wow. nice. strength and style. it's truck month. get 0% financing for 60 months plus find your tag and get $5500 on select chevy silverado pick-ups when you finance with gm financial. find new roads at your local chevy dealer. .. just like the people who own them, every business is different. but every one of those businesses will need legal help as they age and grow. whether it be with customer contracts, agreements to lease a space or protecting your work. legalzoom's network of attorneys can help you, every step of the way. so you can focus on what you do and we'll handle the legal

david: a all-star lineup. melissa: wow. david: back to the markets. the dow closing in the reddening positive for the week. phil flynn, price futures group and fox news contributor watching oil and gold. and adam shapiro on the floor of the nyse. adam, first of all, it being came so close to breaking a record but just missed the mark. why is that? reporter: preserving capital might be one reason. a lot of people are talking about that today. the nasdaq did hit a all-time high during the merkel trump press conference but can't hold it. look what happened with some tech stocks this week. there are winners, don't forget that. tesla up almost 9%. adobe up 6.6%. nvidia up 5.9%. facebook and alphabet how many times can we say this? new all-time highs. alphabet or google's parent company, they will employ 10,000 content monitoring contractors to flag what we call fake news. they will come across things upsetting or offensive. they are moving in that direction. facebook on a tear of 140 bucks a share. talk about snap a big pelt tore to facebook. not so big, s

david? david: back to the u.s.dent trump talking to fox news's tucker carlson with his on-air reaction to the release of his 2005 tax records. >> i have no idea where they got it but it is illegal. and you're not supposed to have it. and it is not supposed to be leaked. and it is certainly not an embarrassing tax return at all but it is an illegal thing. they have been doing it. they have done it before. and i think it is a disgrace. david: so have democrats, just seeing one of their key talking point against president trump turned into a talking point in favor of president trump? karl rove, former senior advisor to president gw bush. fox news contributor. first question off the top. it is kind of a parlor game now, do you think somebody broke the law and released these things or president trump himself? >> oh, i don't think it is president trump. perhaps someone, this appears to come from his side of the collection of these documents. that is to say the client side of it. david: right. >> that could be somebody, a

david? david: market certainly hoping so anyway.peaker paul ryan is looking to unite and push the rest of the republican agenda forward. take a listen. >> i don't us to become at factionalized majority. i want us to be a unified majority. that means we'll sit down and talk things out until we get there. we all share these goals. we'll have to figure out how to get it done. david: here to react, dan henninger, "wall street journal" editorial page deputy editor. dan, perhaps the market is getting ahead of itself but they listen to that and there is an animal spirit taking place in the marketplace and the economy. they want to succeed so much. that's worth something. that properly tapped into, that spirit could turn into huge economic growth, could it not? >> absolutely. i don't think any of us would disagree with that, david. this economy is kept down eight years. there is so much energy waiting to be he released, entrepreneurial energy but congress has to do its part. speaker ryan didn't say they are unified. he said they want to be

david: 450. trump over the years had promised a number of times to give money out of his own pocket to charity. trump, when he was a celebrity, had this weird dichotomy -- on one hand he told people he was so rich he could not use all money. that was in "the art of the deal" in 1987, "i'm so rich i don't need more money." on the other hand, he was always asking you for your money. to square the contradiction, he would often say, i am going to give the money to charity. stakes, trump university, he rented to moammar gadhafi one time. "i'm giving it all to charity." did he actually do that? that is what those 450 calls were for. i tried to call the charities most likely to get money from him and i called them to see if they ever got a personal check. bill: and? david: between 2009 and 2015, i could find one gift out of his own pocket, and that was for less than $10,000. i'm not even sure that is real. that may be bad bookkeeping. according to this one group, they got less than $10,000 from trump. b

david: that is keith naughton.ss secretary sean spicer continuing with his daily briefing at the white house for there was a heated give-and-take about alley yates -- sally yates who feel dan or loretta lynch -- filled in for loretta lynch. was some question about her relationship with the white house. a memo from the justice department and sean spicer saying he hopes she testifies, a quote from him and the white house knows problem with sally yates testifying and will monitor the briefing. sean spicer talking about tax reforms that it records the low pressure is -- reconciliation process is the most likely. you can watch that atv.gov. steve mnuchin is asked to review the process for the too big to fail. this is bloomberg. ♪ david: this is bloomberg markets. trump's first 100 days area i am david gura. was urgingproposal the administration to rethink too big to fail designation will stop gop lawmakers -- designation. -- gop lawmakers that steve mnuchin needs to review the costs associated with a label under the dod

david: be happy. >> i am. david: art laffer, thank you very much. >> you're great friend, david.thank you,. melissa: how judge gorsuch is assuring skeptical lawmakers he will make decisions based on the law. former governor mike huckabee sound off next. david: president trump's last full day to get all republicans on board for his plan to he replace obamacare. he is working hard. ♪ . at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. bp engineered a fleet of 32 brand new ships with advanced technology, so we can make sure oil and gas get where they need to go safely. because safety is never being satisfied. and always working to be better. we ship everything you atcan imagine.n, and everything we ship has something in common. whether it's expedited overnight... ...or shipped around the globe, ...it's handled by od employees who know that delivering freight... ...means delivering promises. od. helping the world

david and melissa with breaking news. david: good stuff, thanks. melissa: the dow ending about 40 points off session lows. a rocky ride for s&p 500 and nasdaq as well also closing lower. i'm melissa francis. david: i'm david asman. glad you could join us today. this is "after the bell." we have you covered on the big market movers. here is what else we have for you at this hour. the president meeting with his economic council behind closed doors, getting back to business after a wild weekend and a very busy day at the white house. we'll bring you the headlines as we get them live. >>> earlier president trump signing a new executive order on his revised immigration plan. we've got the fallout surrounding what's in it and what's not. >>> the house gop is set to release anxiously-awaited and somewhat mysterious details of their obamacare replacement plan. sources telling fox business, it could come as early as this afternoon. more on what we can expect. melissa: back to the markets. the dow couldn't make it back to 21,000 today, closing down about the

david? david: as soon as all the competition, boy the capitol looks quite ominous, clouds behind it getting ready to dumb on washington, d.c. the big storm goes all the way south and up north again. peter, thank you very much. melissa. melissa: here is to react is liz peek of the "fiscal times" and former trump campaign advisor and fox news contributor steve cortes. liz, nobody thinks the cbo score will not be good. there will be a headline, how many people will lose coverage or increased costs. that is going to be tough. >> just to be clear there is not just one score. there are a lot of information we'll find out, how many people presumably will lose their insurance. what will happen to insurance premiums. what kind of cost increase there will be, how it affects the government budget et cetera. there is a lot of information to come out. i have to laugh because in 2009 when president obama was trying to get obamacare through, we had a big kerfuffle because demanded that the head of the cbo,

the first one is directed to you, david. david: oh, dear. harold: it says professor blight said there was a lack of public will to fulfill reconstruction. and our questioner would like you to elaborate on that a little bit. how do you measure or define public will? david: how do i know what the public will was? good question. what i meant, simply, is there was a political consensus during the first years of reconstruction forged in part by the opposition of andrew johnson. forged in part by the fact that you've got the most ex-confederates out of power and not even voting in the south. such that you could get the reconstruction acts and the first civil rights act and the 14th amendment and 15th amendment passed. that's reconstruction and how the southern states were actually readmitted to the union. but when the 11 confederate states are all back in the union, basically by 1870 to 1874, 1870 to 1872, a lot of northerners said, that's it. what more than can we do? thus far, no farther. they've given black men the right to vote. there is a civ

david? david: not giving up on a plan to replace obamacare, the white house and house republicans currently working towards a new deal on health care. fox business's peter barnes in d.c. with the latest. on friday we thought it was all gone, peter. reporter: that's right, david. white house had a bipartisan he reception for leaders. he seemed to try to jump-start obamacare repeal and replace. listen. >> i know we'll all make a deal on health care. that is such an easy one. i have no doubt it will happen he very quickly. i think it is going to happen because we've all been promising, democrat, republican, we've been promising that to the the american people. i think a lot of good things will happen there. reporter: the president's press secretary sounded a bit more measured about the prospects today. >> the president from the early days of his campaign talked about repealing and replacing. it is a commitment that he made. i think he would like to get it done but he also understands that in or

david: you have been out.ook racket head contract washington is, is there more you or your colleague could have done? eric: they are doing a great job. i think the country really fell into a big divide post 2008, the obama years. they were not necessarily the most unifying years. i have got the scars to show for it. .his is where we are hopefully what we can see is progress being made in washington, and i know preside trp wanted to make more progress on the economy and cannot wait to get to the tax reform legislation. that is a complex topic and bill as well, a lot of back and forth in that as well. in the end, there is nothing like success that brings optimism, hopefully we see more of a consensus and unity come about the country. david: do we have a clear sense of what the agenda will be, realistic sense? a lot of people say if it does not pass, it will bring complexity for tax reform. some people are writing off the infrastructure bill. do you have a good sense what he is suggesting? health carey, this bill

david? david: thanks.washington was consumed as they poured over president trump's new budget outline. criticism came from both aisles. peter, and he did not really have very much up for this one. peter: this budget is pretty much a reflection of budgets we have seen over the last few years that do not go anywhere. they are usually blocked in the senate,revised in the and the bottom line is that we are probably looking at continuing resolution come october 1 and a budget that probably will be represented by another continuing resolution. i don't see this budget having much life on capitol hill. david: joining us is doug elmendorf, dean of the harvard kennedy school and former director of the congressional budget office, steve with this is steve ratner -- rattner. good to have both of you with us. welcome. happy to be here. you scored these things in the congressional budget office. are these things going anywhere? doug: these are not going anywhere because of what you have seen. david: a great points becau

david: david. david: there may be no there here.erday we mentioned that senator lindsey graham was a panelist at a forum in new york last year which russian ambassador sergey kislyak was a panel. the senator's office assures us, senator graham and russian ambassador spoke at different times. they never actually met at the forum. the senator stands by his earlier comments on fox news that he neve met witthe russian ambassador. we apologize for any misimpression we may have given. wanted to straighten that out. melissa: law and disorder. a federal judge now under investigation for helping an illegal immigrant avoid federal agents. next, former sheriff paul babeu sound off. you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. after becoming one of the largest broadband companies in the country. after expanding our fiber network coast to coast. these are the places we call home

david? david: thanks very much.y insurers have spoken about obamacare particularly on the issue of come edition. j. mario molina is the head of molina healthcare could he insurance could skyrocket and more insurers could opt out. great to have you with us. let me start with how you reacted to this piece of legislation. when he first took a look at it, what did you think? is aolina: i think this poorly drafted piece of legislation and it is being rushed through congress. the affordable care act was debated for nine months before it came to a vote. this is being pushedthrough without anyone having a chance to consider what it means. david: wonder if you were consulted, if you know of colleagues in the industry who were consulted. how many people were at the table when this was drafted? dr. molina: as far as i know the insurance industry was not invited to participate in this so we had no input. david: that is kind of extraordinary, hearing that from you. i would think looking back at how the act was drafted, there's t

david. david: we shall see. if you've been watching fox business today, you know the man on right side of your screen, his last day at fox. peter, i don't know if i'm sadder or madder at you to talk you out of it. you announced this thing without having a fight about you leaving. but we do wish you the very best. we know you're going to boston. it is a wonderful town. good luck, my friend. >> thanks, david. thanks, melissa. melissa: we love you. we'll miss you. reporter: thank you. melissa: trying to follow that, karl rove, former gw bush chief of staff and fox news contributor. thank you, sir, for joining us. what do you think of the latest back and forth? schiff saying within the last hour or so he received a letter from the white house invitings him there to look at whatever materials these are. i would love to get on to that at this point so we could talk about the substance. what do you think? >> well he is going to be able to look at them. i doubt he will talk about the substance of them. let's step back f

david: thank you very much. david bratniment mark of virginia.e congresswoman ann wagner. caught up with the congresswoman to discuss the consumer. financial protection bureau. he began by asking her how she wants to reshape the cfp be cfpb. the rep. wagner: n only the accountability but also its unconstitutionality. we had several expert witnesses there today to talk about the fact that there are no checks , nobalances on the cfpb checks and balances when it comes to congress, the power of the purse, not to the executive branch and not to the judiciary. we discussed those issues and also talked about how the bureau needs to be structured going forward. kevin: what is the timeline on financial reshaping? will it be this year, this congress? rep. wagner: we have something in the choice act, but that will happen -- a restructuring, a importance ofthe the work of the cfpb when we get a new director. cfpb director can serve as the will of the president. besthould be able to be a -- i think we are laying out the foundation for cause for the cfpb direc