edward lawrence is outside the justice department to break it down. edward, run us through it.ter: melissa, 500 page document. the big takeaway, president (yu5a has some of his fears concerned in this, there could possibly be bias within the fbi. the inspector general's report points to text messages, specifically between the person who was in charge of the clinton email investigation, a former fbi employee now, and former fbi attorney. those specifically say this, from the former attorney, lisa page who says trump is not ever going to become president, right, right? peter struck, the man in charge of the clinton email investigation, no, no he is not. we'll stop it. so five other names from fbi agents have been turned over to the fbi for disciplinary actions, for possibly violating their policy related to communications that they had probably putting out bias there. the report also critical of former fbi director james comey and calling him insubordinate in some cases. some of the ways he diverted from policy laid open or opened the door to the effect that the fbi could possib

it's just an ugly report, certainly, but edward lawrence thank you very much. he's right there as you can see and he will interrupt us if any more news breaks from there. the numbers are in, with the closing bell ringing in about 28 minutes, we now know just how much the u.s. has made so far on the steel and aluminum tariffs that have just been imposed on canada, mexico and the european union. the trade war of words turning into real money as real anxiety hits u.s. businesses but also members of the eurozone. already feeling it, he's the ceo of the athens stock exchange. he happens to be in new york, we were lucky to get hip as a guest this just as greece is finally pulling itself from the financial crisis that hit it. he is joining us next in a fox business exclusive with exactly what's happening on the ground to greek business and yes, they export steel to the u.s.. "countdown" coming right back. i'm a small business, but i have... big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? ho

our very own edward lawrence is pouring, standing feverishly over the 500 page report. he joins us with more new details. edward? >> it's a big one. there are nuggets coming out left and right. on insubordinate front, the inspector general uses the word, insubordinate, talking about former fbi director james comey. in the july statement he said last year, no reasonable prosecutor would go forward with charges against former secretary of state hillary clinton. and he did not consult the attorney general on that statement. here is exactly what the report says regarding this. look at this. we found it was extraordinary an insubordinate for comey to conceal his intentions from the his superiors, the attorney general, for the permitted purpose telling them not to make the statement. the report did say they found, they did not find bias in the fbi before july 5th. but then after that, in august they discovered those text messages between the high-ranking fbi officials, one of them, peter strzok in charge of the clinton email investigation consulting with former fbi attorney sa

edward lawrence out by the courtrooms. edward, give us some more color? reporter: very interesting decision, something i have not heard from a federal judge, he admonished the government side saying if the government tried to seek a stay in this case, in essence hurting the defendants, at&t and time warner, he said the government should not do that and he has a quote. he said the government should have the good judgment and wisdom not to seek that stay. he said it would be injust and unfair on time warner and at&t if they tried to. the government would go forward with that stay to try and pass the june 18 closure date of this merger. if that's the case, time warner or at&t would have to pay time warner $500 million as a fee. the judge took the unusual step of admonishing the government saying they had their day in court, the defendants had their day in court and released this massive opinion that he had a decision that the government did not meet the burden of proof and sayingent ou not seek further punishment upon at&t because in the likelihood the gover

fox business edward lawrence live outside the white house with the latest. the most interesting part of this summit two hours in the room together with just the translators. edward hello. reporter: yeah, oh, to be a fly on the wall in that conversation , cheryl. yeah the secretary of state mike pompeo gave an upbeat assessment as to what's going to take place in about six hours now for the u.s.' standpoint nothing less than complete denuclearization will lift the sanctions on north korea. the democratic senator bob menendez on a foreign relations committee says he worries about the president's so-called go the lone approach saying president clinton and president obama had deals with the north koreans but didn't have to meet the leader face to face. secretary of state mike pompeo says that he's well aware of those deals and how they ended with north korea breaking them. >> the united states has been fooled before. there's no doubt about it many presidents previously have signed off on pieces of paper only to find that the north koreans either didn't promise w

very own edward lawrence in district court in washington with the latest. edward?orter: trish you said it forth, lki at minutia, we'll hear 90 minutes from now the judge will make his decision. lawyerses minutes ago from both sides walked in. lawyers from at&t and time warner walking into the courthouse f this decision. lawyers for the department of defense, department of justice actually are already inside of this case. experts belhe merger will go through. still if the rules against the merger, not allowing it to happen it could have big implications. you had disy going after part of fox, our parent company here as well as come case trying to make a bid. if this merger does not go through it might derail vertical mergers that could happen in the future. if the judge rules against the department of justice in this case, allowing the merger to go through, we could see an appeal. that appeal could push the case beyond the june 18 deadline for the closure of this merger and ne 21st deadline for the contract. both companies are talking about extending the contract for

edward lawrence is there.orter: hearing pointed questions from democrats and republicans on this committee. right from the start, senator chuck grassley went right to the blasting fbi on the possible bias inside this inspector general's report. he reported there was different team, double standard for the way the clinton email investigation was handled and the russian probe. listen. >> under lynch, a low level i.t. worker lied to the fbi twice about destroying records under subpoena and got immunity. under rosenstein a low-level trump campaign associate provided the wrong date for conversations with a professor and got charged with lying to the fbi. under lynch, clinton's lawyers and aides who improperly held classified information got carefully-crafted agreement to limit searches of their computers by consent. under rosenstein trump's lawyers and former aides got raided and hauled before grand juries. reporter: democrat senator dianne feinstein pointed out in this that, turn to the last part of the report bas

edward lawrence was there for every word. >> kennedy, ki tell you it was a hot seat for both of them. it took three hours for the testimony. it was mainly a lecture from senators using the information in the inspector general's report. senator lindsey graham focusing in on the text messages from peter truc strzok and his misst, the former fish attorney lisa page where they basically that said tha they would make heur tt president trump did not become president. they had a meeting after the text messages with former deputy director andrew mccabe. none of them seem to be what was happening in the meeting. senator lindsey graham says the inspector general needs to reopen the investigation. >> you got the deputy director meeting with the lead investigator of the clinton e-mail investigation and ms. page, who's involved somehow, meeting in andy's office discussing taking out an insurance policy to make sure that donald trump doesn't become president. is that what you're telling us? >> i'll be clear. i can't b speak to whether mr. mccabe was there or not. >> did you ask mr. mccabe. >> we di

connell: edward lawrence brought it up earlier this hour is political cover. would think eventually hurt the market and economy the democrats would go after him on this issue. the funny part they are the ones who agree with him. most supportive statements came from chuck schumer and senator sherrod brown of ohio. that is where most aggressive support comes up. they don't have a leg to stand on if they want to go after hum on trade which is interesting. >> they see two ways. they want to get back at the constituency trump took away from him last year or the year before. also if it hurts the economy that will help us in the election. connell: also democratic policy traditionally. >> they have been far more protectionist than the republican party. bill clinton got through his trade agreement, he had to have republican support. it has been reversal. used to be the democrats are free traders. now the gop somewhat. connell: before we go back to melissa who is really enjoying herself at the golf course. >> somebody has to do it. connell: look at us with the suits and

let us get to edward lawrence, he's standing by live at the white house. okay, so nobody wants to call it a war, skirmish, battle, tensions, you name it, it's happening, right? reporter: disagreement or as larry kudlow said in the past, family squabble, that could be worked out a little bit. interesting to see what's happening. this is about the president not backing down if you want to flip to the other side of the coin here. the president saying unfair tariffs already in place and the u.s. lost this trade war a long time ago, he's trying to even the playing field. the chinese tariffs that target high-technology firms to have dominance in 20256 the high-technology industry will go into effect july 6th. there is time where negotiations can happen here. american companies are looking at themselves and let's figure out what the impact is. the boeing ceo came out and said you mentioned to airplane parts on one of the tariffs. looking at the impact on what boeing is. they took a little hit today but the market coming back a bit. add all of this together with t

. >>> edward lawrence is live in washington, covering all this and joins us now. what do we know, edward? reporter: i can tell you that that decision by the judge yesterday gave the green light to all of this. aof activities for the large companies. the first one, a competing bid for the portion of fox, they spin off the new fox which is the news channel, our channel. comcast is loo at a $60 billion all-cash bid for this, that wou in addition or in excess of walt disney's firm. walt disney looking for the same assets but offering $52 billion deal in all-stock. this is a cash offer from comcast for part of fox's assets, our parent company, twenty-first century fox's assets, made possible because of the green light by the judge, judge richard leon. we could see more of the deals. netflix is out there with a lot of money, apple sitting on a lot of money. google sitting on a lot of money. could see okay for vertical mergers going forward. we saw the latest one that just came in after the bell, comcast in a competing for the assets of twenty-first century fox minus the

edward lawrence and charlie gasparino will join us to put it all in perspective. that decision less than an hour away. as we wait to see how that plays out, the world continues to digest the outcome of the historic summit between president trump and north korean leader kim jong-un in singapore. certainly a quest for a nuke-free korean peninsula. that's the aim as they plan to stop military maneuvers in the region. hillary vaughn will have the latest on the white house and n explain what's next for all of this? >>> as for the market's reaction, seeing one late sell-off late in the session. not much. down 72 points on the dow as it slides near session lows. the nasdaq fighting for a chance for yet another record finish. we are less than an hour to the closing bell. indeed, i'm ashley webster in for liz claman. let's begin this "countdown." and the countdown for that matter. breaking news, mitch mcconnell believes the administration will have to come to congress in some form or fashion over north korea. adding if president trump reaches a significant agreement with n

edward lawrence is at the department of justice in washington with the latest. edward? reporter: this report confirms the president's worst fears, what he's been talking about the past several months, even year there was possibly bias within the fbi against him while running for president and after he took office. one of the most damaging part of this report shows text messages between the person in charge of the clinton e-mail investigation and his girlfriend, a former fbi attorney saying that they would try and stop president trump from becoming president. now one of the texts again, saying they're going to stop him. here's the white house response when asked about the text messages. listen. >> the president was briefed on the i.g. report earlier today, and it reaffirmed the president's suspicions about comey's conduct and the political bias among some of the members of the fbi. reporter: the report was very critical of former fbi director james comey. calling him insubordinate at one point, specifically for a news conference he held last july saying that hillary clin

liz: edward lawrence thank you so mum for coming on as you heard edward just reporting mr. pompeo saying the talks are moving quite rapidly and the u.s. wants to make sure to " verify" any dismantlement of north korea's nuclear weapons let's take a listen. >> the united states has been fooled before. there's no doubt about it many presidents previously have signed off on pieces of paper only to find that the north koreans either didn't promise what we thought they had or actually renigged on their promises. it matters. the v matters. we are going to ensure that we setup a system sciently robust that we're able to verify these outcomes and is only once the v happens that we'll proceed. that's what's been missed before we can go back to reagan trust but verify. liz: let's bring in the author of the capitalist code economist ben stein. ben, pompeo singling out verification. is that doable? ben: i don't know if it's doable i don't know if any of this is doable. the whole thing is like something from a fantasy novel. what it reminds me of most of all is nixon going to china. the

fox business network's edward lawrence is going through the jobs report for us tonight. edward?> hello, shannon. the jobs numbers were much better than expected. in fact, the total number of people employed reached a new record high. the economy added 223,000 jobs in may. it far exceeded expectations. look at the number of jobs added to the economy over the last three months. we're talking about more than half a million jobs added in that time frame. the unemployment rate now sits at 3.8%. the last time it was that low, 18 years ago, the razr flip phone just reduced. unemployment rates hit all-time lows again. unemployment rates for women 3.6%, a number none seen since 1953. >> lower tax rates, rollback of regulation, encourage and identifies business and workers. keep more of what they earn. fatter paychecks. listen, this stuff is working. >> democrats largely silent on the numbers, but they tried to change the debate to the rising prices under the trump administration. shannon? >> shannon: edward lawrence, thank you very much. the economy is booming, but big-time democrats say

liz: thank you very much, edward lawrence.knight fallout with the closing bell ringing in about 23 minutes and the dow jones industrial down 15 points why sony stock is falling right now, on the very day, one of the hottest video games in the world is expanding. gamers at the e3 expo in an uproar over one many have been shut out, locked out of fort night. we'll tell you why the fort night fans are struggling with a platform switch. the ceo of nintendo america, he's with us live, next. whoooo. when it comes to travel, i sweat the details. late checkout... ...down-alternative pillows... ...and of course, price. tripadvisor helps you book a... ...hotel without breaking a sweat. because we now instantly... ...search over 200 booking sites ...to find you the lowest price... ...on the hotel you want. don't sweat your booking. tripadvisor. the latest reviews. the lowest prices. liz: we've got some breaking news, and the hugely profitable video gaming world, sony stock is falling right now, 1 and a third percent after the parent of th

cheryl: edward lawrence in d.c.you. >> we'll be rolling in steel but it will be good pun there, but it's going to be steel and aluminum made with american hands by american men, women, at good wages. >> tariffs, not my favorite thing but he has to use them in order to achieve the goal of leveling the playing field and bringing down these barriers that we talked about and creating fair, equal, trading conditions. david: tariffs are not a favorite thing of our next guest either. forbes media chairman, steve forbes, pleased to welcome in the new studio. steve, you hate tariffs, i hate tariffs, europeans hate tariffs. the europeans for all their made tread of our tariffs have a lot of tariffs of their own. applied u.s. tariffs on steel, iron, aluminum, most-favored nations 1201 they have. most non-favored nations 15,787. total eu tariffs for most-favored nations almost 20. nor non-most-favored nations they have 529,000. so with all of these other tariffs, aren't they a little hypocritical to argue against our new tariff

edward lawrence live from the white house with more. hey, head ward. reporter: trish, they're banking on the relationship that the president and prime minister of japan have started to forge together. they are finishing up a working lunch. they are expected to speak in the rose garden, a joint news conference. in hour 50 minutes they packed a lot of issues into a meeting at oval office. >> we'll talk about our trade deficit we have with japan and we're going to have a very good discussion today. the relationship has never been better between the united states and japan. i look forward to spending time with you. reporter: tariffs have been one of the big issues for japan of their bucket list coming here. they would like to see president donald trump remove the steel and aluminum tariffs japan has been paying since march. also hold off on any import tariffs of automobiles coming into the united states. after this both world leaders go on to the g7 where the president is likely to hear more about the tariffs and get an earful from other world leaders. the

. >> edward lawrence from fox business. so what are the numbers we're looking at, you talk about more people getting jobs and wages increasing. are we seeing with the fiscal policy, a fundamental shift in the economy where we have lower natural unemployment, also possibly a lower rate of national unemployment and lower inflation? >> your question-- your first question, really, we think the natural rate of unemployment is lower. so, i think we do believe it's moved down significantly over a long period of time. we don't think that the natural rate of unemployment, you know, it's not one of those variables that moves around a lot. it tends to be driven by slow-moving variables like the education level, the population, like the functioning of the labor market and things like that. so, you know, it may-- it may have moved down, too, on a cyclical basis lower as the economy gets hotter and hotter, there's some possibility of that. but the thing is, if you look back, there have been a lot of studies done and real-time estimates o

edward lawrence hasai live in d.c. edward? >> shep, here's a summary of the report.ny folks rely on that. the combined social security funds in 2034 will be out of money. if you break those funds up and look at the insurance fund, that will be out of money in 2032. that is four years later than projected. senior administration officials says the outlook comes from people taking disability and the of money they're needing being less. the second fund there is the old age in survivor's insurance will be depleted by 2034. that's because in part the tax cuts that went into effect. shep, it's very interesting that they found in this board of trustees report that for the first time since 1982, the social security fund will be paying out money that its brought in starting this year going forward. shep? >> shepard: what does this mean for americans planning retirement? >> it's bad news. the new bankrate survey shows 61% of americans don't know how much they need to retire. 19 million americans say they never plan to retire in part because of the cost of living. in this report

edward lawrence is live in d.c. with the latest. edward? reporter: good afternoon, the white house clarifying today that the president does believe in free trade. in fact white house economic adviser larry kudlow says that the president uses tariffs in order to get to that free trade. the administration has trade disputes with countries around the world, even allies. european union announcing they're slapping more sanctions on the u.s. tariffs coming in starting in july. even especially against china. the u.s. trying to force the chinese to markets and protect intellectual property. >> other presidents in both parties have paid lip service to this issue of the lack of reciprocity and china's particularly bad behavior, but re has the back es of it. bone to take the fight and continue to make the fight, he believes it's in the best interest of the united states, and also the rest of the world. reporter: and the president will get an earful from other world leaders about the steel and aluminum tariffs. may be another showdown looming in congre

edward lawrence has the story. on this edward. >> they are seeping into the world cup here now iran for the very first time made back to back world cups. but you know what they're having trouble finding uniforms and shoes -- the u.s. company nike declined or backed out of making the shoes for the iranian national team. and also adidas declined to make officialier so because u.s. sanctions they don't want to break sanctions going forward, in fact, players on iranian are national team had to buy and customize their own jerseys. putting their own names and numbers on those jerseys . as you go further you look at the official phee is a.com store for merchandise with looked for iranian jersey on that website it is not there. but if you look for another team let's say france you can find different colors, sizes, as well as home or away jerseys and business sports analysts are saying adidas will sell a record 8 million jerseys during this world cup period -- various other countries but be just not iran. it was also affect

joining us, edward lawrence is here to explain. >> it depends on who you ask.e government did not meet the burden of proof. 170 pages aso why the government did not have their case hold up in court. this could be a big deal for consumers. at&t and time-warner says there are be $360 billion if you savings for consumers. at&t lawyers say it's about time. >> it's unfair to the defendants, do the hundreds of thousands of employees of their companies whose lives have been hanging in the balance. and to all the shareholders and other constituencies of these great companies. it's time to complete this transaction and move on. reporter: disney trying to take part of fox, our parent company. this opens the door for other vertical mergers. the department of justice released a statement saying we are disappointed with the court's decision. we continue to believe the pay tv market will be less competitive and less innovative. the government has a decision. they are going defy the judge and file an appeal on this. kennedy: anti-trust suits. the report on the investigation i

there was more at fox business, the one and only edward lawrence. reporter: it's a harsh inspector general report. it lays out why former fbi director james comey let bias grow in his ranges. he diverted resources away from the hillary clinton investigation towards the russia probe. the current director of the fbi christopher wray says he welcomes the oversight. >> we need to hold ourselves accountable for the choices me make and the work we do. we are doing that fairly and without delay. reporter: he adds this report shows there is no overall bias in the fbi. he said this was about one investigation with a small number of employees, still the white house has seen justification. >> the president was briefed on the report and it reaffirms suspicions about comey's conduct in the fbi. reporter: the report calls james comey's conduct insubordinate. comey said i was confident even if it disagreed with our decision, it would find the fbi team made it without regard for political favor or partisanship. the debate, kennedy, is far from over. kennedy: it wil

edward lawrence is in dc with details. reporter: we could add one more fact the japanese prime minister will meet with president trump tomorrow, today the foreign minister told secretary of state pompeo that japan does not want to be passed over when it comes to deals made in asia, japanese are concerned if u.s. makes a deal with north korea, china or anyone else in the region, they may be left out, today president trump touting how much work his secretary of state is doing in the region. >> secretary michael pompeo, we're keeping him very busy, so busy you are going to be flying, a lot of flying, but what a job have you done we appreciate it thank you very were. reporter: japanese looking at words of secretary of state, whether he talked about north korea, and one thing he said, we will address threat to united states, that has japanese concerned, they believe there might be a deal work out with north korea where missile will be removed but keeping in place the smaller range missiles, that could strike japan. it should be

edward lawrence this washington with more details. reporter: a lot of republicans are sounding off on this. the house ways and means committee kevin brady says tariffs are hitting the wrong target. mexico, canada and europe are not the problem, china is. republican senator ben sasse says this is wrong. he says make america great again should not be make america 1929 again. it seems in the short term we are going into a strayed consider mish with canada, mexico and the european union. and the tariffs are being used to push the negotiations. justin trudeau says this is not just a blip in their country temperatures relationship with us. >> the argument that canadian steel in american armored cars and canadian aluminum in american fighter jets could somehow be a national security risk becomes even more absurd when one tries to apply it to cars or car parts made in canada. reporter: canada matching tariffs coming into their country. but they are also putting tariffs on other items like sleeping bags, yogurt, inflatable boats. the white hou

edward lawrence with a watch on the latest with all of that.mmerce secretary wilbur ross emerged from the two-day talks with a warning. the warning was the chinese see if the u.s. goes forward to oppose 25% tariffs on $50 billion worth of chinese technology coming into the united states as well as limiting china's ability to invest in american technology, then they will not buy more agricultural products or energy products, thus reducing our deficit in the new tariffs would go into effect on june 15th and it struck a nerve in china because it could affect their goal to hnologically dominant by 2025 with the trump administration standing firm on a fair trade deal that protects our intellectual property appeared >> you cannot just ask other countries to treat us better and expect them to do it. that's not the way the world works. the president has done to help american workers and their families. will it be as quick to show results? probably not because we are dealing with foreign countries do not commerce on the hill. everything is aimed in the

edward lawrence is in d.c. edward, the question is whether the bias affected fbi operations? reporter: depends on how ask the answer to that question but for the past two hours fbi director christopher wray and inspector general michael horowitz have been on the hot seat this, is lecture more of the senators towards the fbi director, using facts in the inspector general's report. continuing that lecture, senator orrin hatch wanted to make sure that the fbi director made sure he wasn't happy with what he read. >> these were senior agency officials they were running two of the most important investigations in the powerbureau's history. they were ensy borednant, grossly unfor professional and even untruthful. let's not pretend this is one-off problem. there is serious problem with the culture at fbi headquarters. reporter: senator hatch referring to the text messages between the man in charge of the clinton email investigation and a fbi attorney making sure that the president trump would not win the election. democrats go to page 283, the conclusion, there was no political bias

edward lawrence is in washington with more. >> no one is backing down. president announcing -- releasing a list of new components from china that will see these new tariffs. they are $200 billion in new tariffs. china announced $50 billion in tariffs on us because we announced $50 billion in tariffs on chinese products. the bottom line is no one is backing down. china is not changing their practices. china is stealing technology and intellectual property from american companies. the white house economic advisor peter navarro said at the end of the day the chinese need us more than we need them. >> the chinese found out they do buy a lot less from us than they buy from them. and they are out of bullets before we are. reporter: the markets don't seem to like us inching towards a trade war. the dow down 287 points. chip makers were the main drag because of their exposure to all of this. the president will meet with senators to talk about zte. the senate has a bill that will limit the president's ability to impose tariffs for national security concerns. it w

edward lawrence is in washington with the latest. >> good morning. president donald trump wants to enforce the law. he also wants to change the rules pertaining democrats in order to do it. the president on capitol hill last night. >> probably the worst anywhere in the world. >> house speaker paul ryan until gop members he would sign either one. it provides $25 billion for border security including funding for the wall in a path to citizenship at the so-called dreamers. it also keeps families together. more of a conservative bill that does not provide an easy way for citizenship, but it does also keeps families through the immigration process. both republican and democratic members said the family needs to stay together through the process although they differ in how to get there. >> we hope to reach out to democrats and see if we can get a result, which means speaking of law. >> mr. president, have a heart for a change. do away with this for monday's permit inhumane policy of yours that rips children from the arms of their parents. >> democrats are

cheryl: edward lawrence in washington, he has details. >> good morning, seems like we are dealing withe squirmish. tariffs are meant to put pressure on all talks. canadian prime minister justin trudeau addressed the nation that it's not just a bleep in the relationship. >> the argument that canadians steel that is in american armored cars, canadian aluminum that's in american fighter jets could somehow be a national security risk becomes even more absurd when one tries to apply it to cars or car partsz made in canada. >> canada matched the u.s. tariffs at 25% on steel and 10% on aluminum but they also added 10% ta rays on other items, sleeping bags, yogurt, house ways and means committee, the tariffs are hitting wrong target when it comes to unfairly, mÉxico, canada is not the problem, china is. peter navarro say that is give one country a preference and china dump it is steel and aluminum through that country into the u.s. >> the other countries should respect two things, sovereignry and the tight of this president to respect country to have aluminum-steel industry, number two, the co

edward lawrence is live at the department of justice to break it down. >> christopher wray was tasked with cleaning up the mess outlined in the inspector general's report. he says it shows there is no overall bias in the fbi. this report is one specific investigation and only involving a small number of people. >> this report did not find any evidence of political bias or improper considerations actually impacting the investigation under review. the report does identify errors of judgment, violations of or disregard for policy and decisions that at the very least with the benefit of hindsight were not the best choices. reporter: the report said five more names have been turned over for disciplinary action because of possible bias and messages uncovered in this investigation this report puts james comey under the microscope and calls him insubordinate. it aloud an environment where bias is allowed to foster. james comey put out a tweet saying i respect the i.g. office which is why i urged them to do the review. the conclusions are reasonable even though i disagree with some. thanks to

but first breaking news on zte, edward lawrence in dc . >> reuters reports that zte signed a settlementt act that allows them to buy u.s. technology again. two weeks ago we broke news settlement of the offered to the company, trump tills fox news that. company would pay a fine on top of fine they have paid, and change management and bored of directors, also would have to add a compliance committee, including an american familiar with international import/export trades, then they could buy more u.s. technology. >> a statement senator schumer said if they are try, president has put china, not u.s. in first, by letting xte off the hook. >> congress should move in a bipartisan path to block the deal. still president said he is tough on china, administration not backing down on tariffs they are looking to impose, a source familiar with the government source tells bhee me me, china d $70 billion to buy more farm, energy equipment and products, kleichina want us to drop tarifs we're imposing and limited chinese company ability to to invest in american technology, administration not backing off

edward lawrence is going to the jobs report tonight. >> reporter: jobs numbers were much better than expected. the total number of people employed reached a new record high. the economy it 223,000 jobs in may far exceeding expectations, just look at the number of jobs added to this economy over the past 3 months, more than half 1 million jobs added in that timeframe. unemployment rate sits at 3.8%, last time it was that low 18 years ago, the razor flip phone had just been introduced, black unemployment and asian unemployment rates hit new all-time lows again, deployment rates for women and 3.6%, a number not seen since 1953. larry kudlow says this is because of the pres.'s policies. >> lower tax rates, rollback regulations, encourage business and workers, keep more of what they are. fatter paychecks. this stuff is working. >> reporter: democrats islands on the numbers but tried to change the debate to the rising prices under the trump administration. >> thank you very much but the economy is booming but big-time democrats are open to backing elizabeth warren says the pres.'s economic

fox business' edward lawrence is live on capitol hill with the latest. edward? reporter: the president throwing out the economic weight of the united states here. now he is on the heels of the european union announcing retaliatory tariffs with the united states going into effect on friday. 25% on a variety of items, including agriculture. well, now this is also matched with the fact that german automakers. the head of the automaker companies want zero tariffs on cars coming into the united states and the european union. we are seeing a little bit of the concern about trade ease into the market, however, the president is saying don't give up yet. >> we're doing very well on trade. i will say. we've been really hurt as a country on trade for many years, despite bad trade deals, we're doing very well. now making very good trade deals. you'll be seeing that. they'll be announced rapidly. we already have a couple that are made. we're making great trade deals. reporter: and china is specifically not opening markets. it has not taken steps to protect intellectual prope

fox business's edward lawrence live from the white house with latest on this edward? reporter: this was successful summit for president trump and japanese prime minister shin show abe. he got a commitment to talk about hostages taken in the '70s and '80s. how to deal with north korea and an agreement they will both work on trade issues. >> prime minister abe and i are also working to improve the trading relationship between the united states and japan, something we have to do. the united states seeks a bilateral deal with japan that is based on the principle of fairsness and reciprocity. we're working hard to reduce our trade imbalance which is very substantial. remove barriers to u.s. exports. and to achieve a fair and mutually beneficial economic partnership. reporter: that's very different language than the president uses when he talks about canada for instance. plus a hint there might be a greater bilateral deal in the works. this negotiations have been ongoing between the u.s. and japan through the u.s. trade representatives office since april. could reduce or el

edward lawrence in d.c. with all the details on this developing story. hey, edward.mmerce secretary is huddling up with other trade players to figure out what our next step is. these trade tariffs coming up on june 15th on chinese technology really struck a nerve with the chinese and could threaten their goal of having technological dom nonby 2025. stilthe trump standing firm to get a trade deal that protects american intellectual property. >> so these tariffs, they are purely defensive in nature. they're digned basically to bring these industries back to life. guess what, from day one, they're working. reporter: economic advisor peter navarro says the tariffs not specifically designed for our allies. they're meant to defend u.s. companies and our workers. two grassroots groups funded by the koch brothers. they started a free trade campaign today. minutes for prosperity says they agree with the trump agenda but they say, quote, the tariffs amount to self-imposed barriers to the success of tax reform. we urge the administration to reconsider. our allies are asking for

very own edward lawrence is live on capitol hill with more on all of this. hey there, edward.eporter: trish, the company second istives will have to convince the countries in the european union in order to make a deal on this this comes as the european union announces they will impose retaliatory tariffs on u.s. on friday, 25% on range of products including agriculture. today commerce secretary wilbur ross talked about the trade tit-for-tat in front of the senate finance committee. republicans and democrats peppered him on how he can impose tariffs on our allies for national security concerns. >> mr. secretary, as you consider these tariffs you are taxing american families. >> sounds like beginning after trade war to me, mr. secretary. >> feels chaotic and incompetent? >> i wish we would stop invoking national security. that is not what this is about the. it is about economic nationalism and economic policy on tradeport port 250000 companies asked for exemptions. 5900 were given exemptions. another 2900 were denied for that. secretary ross telling senators that he believes som

edward lawrence with the good news out of jsw steel. >>> fighting over a sacred cow, with the dow down 236 points. america's dairy farmers squarely in the middle of an all-out trade war. more than a dispute for the dairy farmers. canada always taxing u.s. dairy products by a lot. china set to do the same. tom vilsack is the former agriculture secretary. he's here in a fox business exclusive to tell us who will ultimately be crying over this spilled milk? "countdown" coming right back. what about him? let's do it. ♪ come on. this summer, add a new member to the family. at the mercedes-benz summer event. lease the glc300 for $429 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com hello. let'

cheryl: edward lawrence a great job with all that's going on at the white house. thank you. investors are cautiously bracing for two massive events that could really change the landscape of globalde and diom global leaders gathering at the g7 summit taking place in canada this weekend and of course the historic singapore summit with north korea happening next week. which one of these two events has a bigger impact on the let's get to the stock stock exchange and the citigroup scott rattler standing by at the stock exchange. that you are watching? >> next week is very busy and all three of the events i what traders are watching. we just had a big move in the market. like you said it was up for three days a row. i think a toht ts above 2800 in and the s&p. the most important ones getting no more tariffs on china get a trade deal and get that out of the way and let it come back from north korea also with a handshake and somewhat of a deal versus putting the rhetoric out there that could shake things up a little bit. cheryl: chris brings up the fact that it's expected we will se

edward lawrence live in d.c. with more. reporter: he's not been fired today that we know of.e will he keep his job? it seems embattled epa director scott priewt is at it again. he called republican donors aski to get his wife a job. she took a job at a politicgrour years. there was as conflict of interest, he said no. then the donors told "the washington post" pruitt kept asking about other possibilities for his wife. critics are looking at this long list of abuses. how is he part of the swamp that's needing to be dined. and why hasn't he lost his job. house democrats sent a letter to the department of justice asking for a criminal investigation of this. priewt spent $1,500 on customized fountain pens. he flew first class he says because of security concerns. one trip to italy cost $100,000 in meals and private tours of the vatican. he had a personal sound proof ph booth nic $43,000. and we know about the airbnb-style apartment in washington owned by a lobbyist's wife. last wke was a fema -- touring fema and the president said price was doing a good job. 00 in italy?gree. i w

fox business's edward lawrence live in d.c. with the latest. edward? reporter:-standoff with the chinese. of the china saying do not impose june 15th tariffs on chinese technology coming into the united states. those tariffs are at 25%. limiting chinese investment in american technological companies, or they will not buy more agriculture and energy products, keeping deficit where it is. the president saying oper markets and stop stealing u.s. technology through your rules. >> president trump is taking steps to continue to reform the dysfunctional trade system that currently harms american workers and businesses and the president is taking steps to protect u.s. technology and intellectual property from china's discriminatory and burdensome practices. we'll continue in the negotiation. reporter: so far this week we're seeing trade talks every two weeks between the u.s. and china. if that holds true, the next round of talks will be here in d.c. nothing official has been set. end of this week the president will meet with the g7. he will get an earful from

edward lawrence is in washington with the very latest. edward? reporter: liz, good evening. secretary of state mike pompeo talked with us moments after he briefed the president about north korea. he says actually that the secretary of state is going to go beijing after june 12 to update the chinese on exactly what happens during that summit. secretary of state mike pompeo says that unless there's complete denuclearization, the sanctions will remain in place. he goes onto they at the negotiating table, it doesn't matter who has the upper hand. >> it's not about who has the upper hand. it's about trying to find a way so the two sides can come to an understanding to get concrete steps, not just words that resolve this challenge. reporter: and pompeo says that the president is ready for the summit. he's been getting briefings every day on north korea for the past few months. the president coming out and saying he will walk away from the summit, if he believes that kim jong-un is not sincere about this meeting. however, the president saying if all goes well, there could be a meet

neil: edward lawrence in washington. you would think upping the ante would be rattling the stocks, so far that is not the case. even the news that opec is increasing production, but not as much as earlier thought, that that would be a worry to the markets here. quite the opposite. what's going on and why the is the market bracing itself for an outright war? maybe because it doesn't see one here, i'm talking about a trade war. let's get the latest from brian riley and gabby, what's going on here? this doesn't seem to jibe with what you think would be the predictable reaction out of stocks. >> well, there was a little bit of a dip earlier this week when the president announced that he was going to be imposing an additional tariffs on $200 billion worth of chinese goods, but it does seem to have corrected itself, and there isn't as much concern about the impact on the economy that this trade dispute, as the administration calls it, is going to have as, you know, critics of president trump have suggested it would. the admini

edward lawrence is live at white house with further details. edward? reporter: trade tensions are increasing. china will not back down. u.s. will clearly not back down. president trump says we need to have tariffs on chinese high technology going forward with that technology. also limiting chinese investment in our american technology will go forward on july 6th. >> we're just going to do $50 billion on $50 billion of high technology equipment and other things coming into the country because so much of our secrets, we have the great brain power in silicon valley and china and others steal these secrets. we will protect the secrets of the those are crown jewels of the country. reporter: in a statement the white house says they will not back down. in fact they say they will impose more tariffs on other items if china retaliates to these tariffs. china not backing down. we'll see what happens. u.s. representative trade robert lighthizer says we need to change the way china deals with american companies. he said in a statement, quote, the china, the govern