elizabeth macdonald, former u.s. attorney matt whitaker, let's not forget liz peek sitting next to me here in new york. liz to you, is there any bombshell you could see coming at that hearing, they're about to start, any bombshell that you can forehe see would hurt the market? because our viewers are interested in the market. liz: if james comey said, i lost my job, that is obstruction of justice, yes, i felt threatened by the president. stuart: that is it? >> he can't say that, tell you what. there is federal statute that misprison of felony. means if you don't notify your superiors at department of justice somebody attempted to obstruct, justice, then you mr. comey are committing a crime. it is equivalent accessory after the fact, aiding and abetting a felon. comey put himself in a box here. he does not dare say i ever thought this rose to the level of the specific intent of obstruction of justice. liz: you're saying james comey should have told his superiors -- >> absolutely. liz: that is president is trying to ob

let's find out with steve forbes, elizabeth macdonald, and mike, you say that democrats are going ton us taxpayers as they help the g.o.p. pass tax cuts? >> the tax cuts w

let's find out with steve forbes, elizabeth macdonald, and mike, you say that democrats are going to help themselves on us taxpayers as they help the g.o.p. pass tax cuts? >> the tax cuts would help the economy and get it growing again. the democrats if they worked with republicans could take some credit with that. look, smart people in government know that if you have a good idea, it's better to attach yourself with it than detach yourself. they worked together in the '80s, democrats and republicans on tax reform, in the '90's on welfare reform. this he can work on this. david: john, would it help if the democrats and republicans got together? >> no, this is not the 80's. this would be a bad idea. the simple truth is, democrats do not believe in tax cuts. any kind of bipartisan planning between the two parties would amount to something symbolic, but does nothing to enhance individual freedom by reducing the burden of government. why would republicans get in bed with the very party that will neuter what will make them great? >> steve, in the '80s, reagan got together with tomorrow de

a couple of resident catholics for you, elizabeth macdonald and judge napolitano. go to you first, judge. oh, no, we're going to do that after the break. sorry. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com hey, i'm the internet! ♪ i know a bunch of people who would love that. the internet loves what you're doing... ...so build a better website in under an hour with... ...gocentral from godaddy. the internet is waiting. start for free today at godaddy. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. stuart: well, minute bought it,

charles: thank you very much, elizabeth macdonald, charles payne, breaking news. president trump and former fbi director james comey, charlie gasparino has the story. charlie? >> reporter: sources are telling the fox business network, donald trump's private attorney marc kasowitz was planning to go to war with james comey depending on the testimony that would come out tomorrow. written testimony came out. his written remarks came out. testimony will be all day tomorrow, but now, after reading those written remarks earlier today with his client, with president trump, from the sources are telling the fox business network that kasowitz feels totally vindicated as does the president. they believe that comey's words can be used as a positive to basically show that president trump did not obstruct justice, did not demand that investigation should be ended against general flynn, as you remember, that's one of the things that robert mueller, the special prosecutor is looking at, whether trump somehow tried to impede the investigation, tell comey to drop the investigation.

welcome to "risk & reward," i'm elizabeth macdonald in for deirdre bolton. the marks moving forward in the wake of amazon $13.7 billion deal to buy whole foods, totally upending the grocery business here and around the world, with a dow closing at an all-time high. this, as president trump canceled obama's softer policies on cuba. slamming obama's move as a, quote, onesided deal that benefitted and enriched the castro regime. now the president also promised to expose the crimes of cuba's communist dictatorship. >> therefore, effective immediately, i am cancelling the last administration's completely one-sided deal with cuba. [cheers] >> the president's latest move in making good on his promise to the american people to undo the stultifying legacy of president obama. here's what president trump has done. as health reform and tax reform continue to wait in the wings. so far president trump has issued 16 executive actions. rolling back numerous obamacare and dodd-frank provisions that have stuck economic growth below 2% an average for the last eight years. bank

i'm elizabeth macdonald. stocks rebound after about a week-long selloff. amazon jumping to a new high of more than $1,000 a share intraday before ending lower. let's go to the dc swamp and the white house itself too fogging the airwaves over whether president trump is or is not under investigation for obstruction. it's really confusing, the messages coming out there. the president is trying to push his agenda forward, meeting leaders from 18 of the biggest tech companies in the country, including amazon ceo jeff bessose, apple ceo particular cook, microsoft ceo, peter and eric, he's the head of google's parent company alphabet. ceos showing up even after some of them slammed president trump for pulling out of the paris climate deal. disney bob quitting the president's counsel this month over the president's equal. executives condemning that move, they include facebook founder and ceo mark entering, google ceo, outgoing general electric ceo, and apple tim cook. catastrophic, that move. they also oppose's travel ban, temporary travel ban and tightening of h1

liz: welcome to risk and reward, automate i elizabeth macdonald no deirdre bolton. we've got merck, johnson & johnson, eli lilly all closing lower and the vote is delayed until after the july 4th recess. and today's selloff drags the nasdaq down more than 1%. that's a big drop. the biggest since june 9th. now teetering on a knife edge, in addition to democrat, six republicans could stop it. an all-out blitz of horse trading. all high stakes dc politics. you're watching it. it's happening now. republican holdou holdout senator, these are his first comments coming out of the meeting. he's saying this. president trump is open to making the bill better. is senate leadership? what's going on? here's what's going on. the republicans could be using tens of billions of dollars to get those reluctant republicans onboard. this could mean more money to get ted cruz and mike lee. even to lock in that vote on the fence. remember, they need 50 votes. vice president pence would be the tiebreaker at 51. this as democrats refuse to do anything to fix the collapse of obamacare as cos

welcome to risk and reward, i'm elizabeth macdonald in for deirdre bolton. first, just released. a critical report card. this is new from the cbo about the senate plan to repeal and preplace obamacare. it could make or break the bill. already, five republican senators are against the new plan. now, this new cbo report sees 22 million more uninsured by 2026 under the senate health bill. now, keep in mind when you hear this 22 million figure, people losing coverage over the next ten years, an estimated 15 million of them will choose to forego coverage because the obamacare mandate tax goes away under the senate bill. now, that's according to the cbo. the republicans issue their revised bill. to buy insurance before they get hit with an emergency health crisis. leadership reportedly hoping to vote on the bill this week before lawmakers head home for the july 4th recess. they're endorsing this senate republican bill saying quote will marketly improve the stability of the individual market and moderate premium increases. why? it appropriates billions of dollars in funding to shore up

welcome to "risk & reward," i'm elizabeth macdonald in for deirdre bolton.amazon $13.7 billion deal to buy whole foods,

welcome to "risk & reward," i'm elizabeth macdonald in for deirdre bolton. fired fbi director james comey admitted he created a memo, leaked a memo he was writing about for his meeting with president trump in order to get a special prosecutor pointed to look into president trump. that appointment did happen. that's robert mueller. let's look what was said. >> president tweeted on friday after i was fired, i better hope there's not tapes. i woke up in the middle of the night monday night, it didn't dawn on me that there might be corroboration for our conversation, might be a tape. my judgment was i needed to get that out into a public share. i asked a friend of mine to share the content of the memo with a reporter. didn't do it myself for a variety of reasons. i asked him to, that might prompt the appointmef a speciacounsel. i asked a close friend to do that. liz: never seeat basically happen on capitol hill. head of fbi saying he is a leak, a leaker. the president's lawyer blasting james comey for leaking the memos which ended up in the "new york times." >>

welcome to risk and reader, i'm elizabeth macdonald in for deirdre bolton. the democrats do have unnecessary traits threatening to derail his growth agenda. and now this. representative jackson lee today's demands that president trump resign. and we have representative maxine waters saying you know what? that's not good enough. she wants trump quote exile. she tweeted that out. this as the nation's economy is growing after bicycling eight years through quick stand, consumer confidence is improving, illegal immigration plummeting, iraqi prime minister now saying isis is near defeat. and syria got the message that there really is a red line against using chemical weapons. and now this. the secretary of nato of european and nato allies will finally increase the defense spending by tens of billions of dollars instead of relying on u.s. taxpayers, just as president trump demanded. the trend is up there. now, let's take a quick market check. the dow closing up 62 points, the nasdaq down 3, and the s&p up 3. let's bring in former trump campaign chair, good to see y

welcome to risk and reward, i'm elizabeth macdonald in for deirdre bolton. first, just released.. this is new from the cbo about the senate plan to repeal and preplace obamacare. it could make or break the bill. already, five republican senators are against the new plan. now, this new cbo report sees 22 million more uninsured by 2026 under the senate health bill. now, keep in mind when you

i'm elizabeth macdonald. stocks rebound after about a week-long selloff. amazon jumping to hi

joining us now, elizabeth macdonald. james freeman, scott shellady.arting with the tech selloff. is this the dip or a sign of really big selling still to come. scott shellady? >> you know what? slow you roll and stay in your lane here. two words for you here, lazy money. when they chase it up, on a momentum, and they're really not just by -- justified being in the stock in the first place, these are the first people comings out. that's what's happening. this is them on the exit as they took the stock higher on momentum plays and no right being in the stock in the first place. stuart: let me see how big the selloff is. >> nearly 100 billion paper losses on friday. stuart: just friday. liz: just friday. what scott is talking about. they're responsible, the stocks, 2/5 of the s&p 500 gain and adding market value to the overall s&p 500. so it's a lot of money at stake here, he's absolutely right. $600 billion equal to south africa and others combined. paper gains so far this year for the stocks, so they're up 600 million. stuart: paper gains of 600 billio

i'll address my comments to elizabeth macdonald for a moment.hat conservatives are always on time. so why is our president, who i think offers a conservative -- of as a conservative, 15 minutes late for the infrastructure program from the white house? [laugh >> you're asking me? ask stirewalt. he's down there in d.c. stuart: i know what he's going to say. >> what is he going to say? stuart: he's going to say trump is not a conservative. [laughter] >> well, no! i would say these things often slip because the president has other things to do. this is a symbolic action. this is -- i won't say meaningless, but this is all part of a week of framing. this is for, this is to start a discussion about this stuff, and that's all fine. but behind the scenes we have no idea what goes on in terms of is there new information about london, is there this, is there that. he's got a big job. >> substantively, if i could, chris' argument is that the president would have been better off to have led with this rather than to have led with repeal and replace obamacare

big smiles, please, liz macdonald, elizabeth peek, art laffer.epublican repor republican-- public reports that james comey is going to testify tomorrow. >> i think it's neutral for are the market, i don't think that anybody is pricing in a bombshell. or the absence of a bombshell, i don't think it's going to make a difference. the market is fully priced. stuart: art laffer. >> i agree with the previous statement except i don't think they look fully priced. i think we've got long way up to go in the markets over the next year. stuart: okay, liz peek. >> i think if james comey takes the high road and tries to dampen suspicions of donald trump, that would be huge for the market. stuart: that's american politics as we run up the super bowl of hearings with james comey. >> that's right. stuart: now let's turn to the brits. a big election tomorrow. now, do you think, liz peek, that the results could influence our money here, regardless of which way the results go. >> i think if labor wins, the market goes down. assuming that theresa may wins with a sub

who is going to help me get through this, liz macdonald, ashley webster, elizabeth peek stays with ushah gilani. i've got a bone to pick with you, galani. ashley: oh. stuart: we're about to see the second or third leg up for the dow industrials. where is it? >> it's coming. stuart: so is christmas. >> okay. that's a great analogy. kind of like christmas, there are presents under the tree, they haven't been opened. if we ever get anything in tax reform, even deregulation, that would be a plus for the market. the market is held up, it's gone up in spite of everything, the disappointments in washington. it wants to get higher. stuart: you're sticking with your prediction and you made it many, many times. >> that doesn't mean that we can't have pullbacks. investors want it take profits if they're nervous. something like cyber attacks could have more profit taking. generally speaking, the markets want to go and they will go up. stuart: we're at 21,400, that's where we are. check again, the bick name technology stocks, all of them were down big, this morning they've come back and not that m

welcome to risk and reward i'm elizabeth macdonald in for deirdre bolton. we've got what comey will tell the senate intelligence committee. that's happening tomorrow. and a lot less damming than the media is reporting. now, reveals that did not ask him to dial back on much larger probe meddling. still not good, though, what comey is going to say. comey said quote lay off michael flynn over flynn's lying about his talks with the russian ambassador. now, let's be clear. michael flynn is the subject of an fbi investigation into whether he made false statements to the fbi. but back in january, the fbi found no evidence of wrongdoing in what flynn said on his phone calls with the russian ambassador. the content of those calls. let's go to adam shapiro in washington with the very latest. adam. . >> and you hit the nail on the head there. let's talk about what comey's opening statement says. and it lays the ground work for what will begin at 10:00 a.m. tomorrow, going to have national television coverage. but the key here are a couple of points. first, mr. comey h

the news coming up now, elizabeth macdonald, michael murphy and steven cortez.ll right, i think that there's some anxiety on the market this morning because of the risk that we won't get tax reform done this year. what do you say. >> i think you're right. the comey testimony hanging over the market and uncertainty about getting it done. i love the market long-term because i think we will get it done, but i understand the anxiety and we've come very, very long way in stocks and i think it's natural to get profit taking ahead of that. liz: tax reform or tax cuts? tax reform is a big endeavor. will tax cuts be coming? >> true, a question on both. i personally don't think we'll get full scale tax reform. i don't think we can do that. will we get tax cuts? corporate tax rate cuts? i'm still skeptical. what about you, mike? >> we're a little spoiled here, the anxiety, the markets 100 points from all-time highs? the market is telling us, it's right up near all-time highs. sure there could be a pullback, but there's a bid underneath there and you could take that to mean