i think steve forbes agrees with that. i heard you for a long time. rominent academics called this totally wacky and completely off the wall. ith optimism, confidence and intellect, he proved them wrong on a number of occasions. in 1978, california governor jerry brown asked art to help him implement proposition 13 which the people wanted to reduce the state's property tax and i think they should do it immediately. the results were so successful that job creation grew within two years, 4 states adopted similar reforms. art aadvised ronald reagan and helped shape his agenda. art served on the president's economic policy advisory board and played a vital role in the 1981 and 198 of 6 tax rates cuts which lowered the tax rate from 0% to 28%, that's not bad. the reagan economy soared and shrinking poverty and increasing revenue. sounds very, very familiar. our economy has never ever been stronger than it is today. [applause] president trump: his policies expanded opportunities but spurred economies and lifted untold against poverty. depret er march thatch

no i think that well i guess sometimes i. think steve interjection culture looking at the stereotype the question that he was thinking seems a country that. needed to be taken as grandma. it's all about who. i might show joins me from the. post you know that 77 percent. are younger than 6 of. us me and many. times all voices. the 77 percent talk about the. front part of the flash from housing boom boom times this is where. welcome to the 77 percent. this weekend v.w. . israeli palestinian peace plan the administration calls it the deal of the century the palestinians say. the president. presented his proposal today in bahrain it calls for investments of $15000000000.00 u.s. dollars but will it guarantee a peace.

i. think winter that. i think steve winter jam a culture of looking at stereotyped cracks in years think the future of the country but i don't. mean to be taken as grama. it's all about. join me to meet the gem you. post. i think that's actually more questions you should be prosecuting for the 2 you seem remarkably complacent about the fact that the most powerful country on the you sent it wants you dead what do you think is complacency the international criminal court set up to charge the worst crimes on the planet as a new enemy in washington the trumpet ministration was accused of having no legitimacy and says it wants to die my guess this week here in the hague is a bowl of soup who is the president of the i.c.c. how can he decide about.

i think the banquette is ugly. lemonis: let him go. steve: let me go. at fond of in that. i don't see these colors there. and i think the scale of the chair is too big. sam: but it's not about the furniture as much as it's about what we're trying to create and as an overall brand and image, and then the furniture comes into it, and i can see by looking at this, i like it. i like that it's got a little element of a curve, it's got the textured bottom and a textured top. it's -- it catches my eye. i like the way you think. we want to be unique, and a lot of the things you have will meld very well with the elements we've already created from the standpoint of the walls and the signage and things like that. lemonis: you think the franchisees would be pleased with this? sam: i think if we set this up in a store and we put a board together and show them, i think they'd be blown away. lemonis: why don't we just set it up in the first prototype? let's do it. thanks, sam, for coming today. appreciate it. sam: real pleasure, real pleasure. ana: thank you so much.

i think the jury's still out as to what scenario yao we're looking at here. >> let's bring steve liesman into the conversation. our senior economics reporter. what do you make of that >> i think it's possible for stuff to happen after a period of weakness that will make it so we would have been in recession. i think what liz ann is saying -- in fact, it happened in '01 if you read what they wrote about the '01 recession, it said if not for 9/11, there would perhaps not have been a recession. so, we have this initial weakness 9/11 comes along and creates additional weakness and that then gets predated to the beginning of the recession i think that's an interesting concept. >> are things worse than they seem >> i had a chance to sit here and listen and keep my mouth shut for a change, as you know it was the most depressing i've ever heard about a stock market at an all-time high. there was not a nice thing said about anything >> maybe the consumer. maybe the consumer >> we're in a post-'08 world. >> i want to bring up a chart. i'm psyched about theheadline of it. which is asking the questi

i don't believe cares. steve: the president. >> the president. i think he's just doing his job. resisters are so unhappy. so miserable. if you hate him so much, why are you giving him so much power over your life. steve: this is something i experienced a lot and you put it so brilliantly. when you see the way they talk sometimes, the words that they use, you know, there's a language that they use that's over the top. and there's a bit i absolutely love but i get this feeling and you put it brilliantly in a way i haven't seen before. when confronted with people who take this attitude and you're thinking in your head when you're listening to them, you are the biggest [bleep] baby i've ever [bleep] in my entire [bleep] life eanl please you've got to [bleep] the [bleep] down. i get it you don't like [bleep]. enough already. [bleep] sake. >> this is how i felt. steve: it captured something about the craziness of it. >> well, it's also our resistance to bear resistance. that's really what i found building up within me is that there was just so many false narratives they were following,

i think that is unrealistic. it is a process. negotiation, in there's monitoring and all of these other things. i think steve mnuchin says it was 90%. the keyword was was. i think they were much further along a couple months ago than today. my sense, not really knowing anything because we are not in the room, is that there is too high of an expectation, not pessimistic enough. guy: if we do see things pollen the -- things falling apart, will the fed be there to rescue the markets? we were talking about this yesterday. we will be talking about this tomorrow. 50, 25? the fed is trying to pour water on the 50 idea, but the market isn't totally buying that. greg: you even saw bullard pushback, 50 is too much. i thought it was really interesting last week after the fed meeting, the market price to net additional cut this year. i think the fed will work really hard in the balance of this year to work back to the number of hikes. i think the direction is correct, but the number is too much. i think you need to disconnect to those two, and i think the fed is trying to disconnect their policy to the unknown of trade.

think he is steve? todd: do you ever get stopped and people think you are steve? >> not until today. [laughter] ainsley: you could be brothers. todd: ivent glasses, steve. steve: thank you and my doppelganger there nice to meet you. ed: how much fun is that? ainsley: jillian, what do you think? jillian: that is amazing. you look like long lost siblings. maybe you need to look into your ancestry a little more, steve, i don't know. steve: call 23 and me i need to swab. jillian: update on what's going on in the dominican. reality tv star melissa is one of the latest americans to get sick in the d.r. former bachelor contestant is being tested for possible parasites and other infections following a family vacation in punta cana. this as woman warns travelers after she got sick at dominican resort last week. >> i was shaking like uncontrollably. my jaws started clinching, if you are going to go, you should proceed with caution. however, i don't think it's a good idea. jillian: at least nine americans have died in the dominican republic since last summer. a brother of the latest victim joseph allen will join us in the next hour. there is al

i don't think they have it with him. steve and they feel like that person, that's the number one qualification. >> going back to the barack obama was good 8 years so this is our best shot to win. steve: all right. thank you very much. good answer. where is andrew? andrew is right back here. how are you? >> i'm great how are you. >> i like that tie, very bright. >> thank you. steve: what do you think about joe biden say nothing scandals on their watch. >> several scandals clearly not only sleepy joe but clearly forgetful joe as well. [laughter] he clearly is making faux pas after faux pas. and if i were a democrat. i would be very concerned about that. as brian said a moment ago, hey, the pressure is not even ratcheted up yet and he is already tripping over himself. he is doing that now. what is he going to do later on and what is he going to do in office? steve: he is so far ahead of everybody else. >> no one else rising above or celebrating them selves from the 20 something candidates out there to really put pressure on. stev

i think steve bannon's early influence on trump. richard nixon has an influence on trump. d him about nixon and he said he used to dine with nixon in new york city quite a bit, lot from him. it froa and then ronald reagan, a little style and conservative agenda, but really, you have to dip into characters like pt barnum, maybe george wallace, ross perot, anti-nafta. you can combine american characters to get trump, but he is not part of the president's club. david: you mentioned richard nixon. the president prides himself on his negotiating style. unpredictability is important to him, wants to keep the other side off-balance. richard nixon,f did he like to keep the other side guessing? douglas: yes, but not to the degree of trunk, and it was more a triangulation of what you wanted to do was to keep russia and china insecure. he would tilt toward one to make the other nervous. you can see that kind of strategy happening with trump and japan, when he was there on his visit, keeping china worried , who is he with, japan or china? tore is some of that but not the degree of unpr

so, i don't think mayor brown made it here this evening, i don't see him, but he did love mayor lee, he was very instrumental working with steveanaugh and our former governor, our governor and former mayor gavin newsom. jason elliott just had a heart attack right there. [laughter] >> but in having and become the interim mayor when mayor newsom went on to run for lieutenant governor, so he has had wonderful things, and was a wonderful advisor, and a good friend to all of a sudden, to mayor brown, and to mayor lee. before i conclude, i want to give you a few more next steps on what the committee is working on. we plan to make the book digital so that we can post it to the san francisco public library's web -- webpage and to the edwin m. lee foundation website. we are working on translating the book into chinese, spanish and tagalog, we, it has been almost 18 months since he passed away, and this would be the natural time that he would have been thinking about his accomplishments and creating the book, so this month is asian-pacific heritage month, it is also the month of his birthday, so we worked in a very short time frame to t

i think it's a crazy place. i think it has logic long since left this. >> world. >> you wrote a great deal about steve bannon. avenue, it's fair to say? >> i call him my virgil lesson as in a dissent into hell. >> what is hess current relationship with the president? >> i think it's a complicated relationship. they spend a lot of time thinking about one another, i'm wondering if they should go back to working together. both of them saying they would never go back to working together steve is still the bedrock of a lot of the policies the trump administration is pursuing. in many ways, they continue to pursue them, where they don't wander off in other directions, donald trump doesn't, because steve is always pressing this agenda. >> but their conversations are through intermediaries or smoke signals. they don't actually speak? >> that is what steve says, yes. >> i want to ask you. it is fascinating. this gets the suggestion the president's personal company is a semi criminal enterprise and bannon responded to you, i think we could drop the semi part. so was he joking or what do you think he meant there? >> i t

>> i think, steve bannon at one point. after the mueller report came out.non kind of leaned in and said to me. never send a marine to do a hitman's job. >> which seems to really resonate about what they were worried mueller would do. >> will you stay with me for a second? >> he says he has the goods and the receipts to show it is all a psycho drama. psycho drama ask. oh i love it. it's a great razor. it has that 'fence' in the middle. it gives a nice smooth shave. just stopping that irritation... that burn that i get is really life changing. liberty mutual customizes your car insurance, hmm. exactly. so you only pay for what you need. nice. but, uh... what's up with your... partner? not again. limu that's your reflection. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ so should the way you bank. virtual wallet from pnc bank. just one way pnc is modernizing banking to help make things easier. pnc bank. make today the day. or psoriatic arthritis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cr

think the fed is going to do? >> i don't think there will be a cut tomorrow but the language is critical enough indication and to the marketplace that they're watching, as steve said. and they will take the necessary action so, i don't think we're going to see anything seismic on wednesday, but i think we'll see enough statement in there or enough indication in there that they're watching and they'll do the right thing, if need be. >> do you think the final six months of the year will have more or less volatility? >> a lot more volatility >> i am talking my book. full disclosure. >> at the end of the day, i think we'll see more volatility. i appreciate you being here. mike wilson, always a pleasure, having you look forward to doing that, again. >>> options bulls are betting on a china tech giant that is up next with those guys right there, jon and pete. first, a sector check on s&p led by tech and industrials. s&p is up more than 32 little less than 1% from an all-time high. "halftime report" back after this the world. but to us, the world. it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do t

steve: who is your winner? >> i think stronger politically today than he has ever been. steve: why did i know you were going to say that. >> i really do believe that. steve: on this panel we have somebody who says donald trump was the winner and somebody who says he was the loser. >> i can't believe we disagree. i'm very disappointed. steve: check out jason, he will be back in the studio doing outnumbered today at noon eastern. max and rachel and jason, thank you. steve: joe biden taking to task on race. did you see this? >> it was hurtful to hear you talk about the reputation of two united states senators who built their reputation and career on the segregation of race in this country. steve: diamond and silk are going to weigh in on that coming up next. plus, todd piro is having breakfast with friends in miami. what did the voters think about last night? we will check in with todd coming up next. good morning ♪ the rest of my life is going to start today ♪ your brain changes as you get older. but prevagen helps your bra

>> no, i think he probably h has -- yeah, i suspect he does have direct knowledge of that. >> do you think stevesident obstructed justice? >> um -- yes. now, i would say that steve bannon would go and characterize this as "that's donald trump." so, the steve bannon view is partly, you know what this guy is, there's never been any -- any illusion otherwise. he's donald trump. that's the man you elected. a man who cannot literally cannot tell the truth. at one point in the book, steve says -- i described steve as saying, i cannot tell you how many times he has looked me in the eye and lied to me. >> yet, he's still devoted to him in some ways? >> well, he's still -- it's a weird devotion. it's love-hate, or it's, you know, repulsion, attraction. you know, remember, steve made donald trump president, donald trump made, transformed steve into a voice in the world. >> back to the obstruction issue. the reason i was asking if you think steve bannon thinks the president obstructed justice, because you write bannon saying, never send a marine to do a hitman's job. and he's talking about robert mueller.

i don't know why he is all bent out of shape we will take care of the 9/11 victims compensation fund. steve: i think he was shocked when he was appearing before that committee, i believe it was in the house, so few members showed up that day. >> well that frequently happens because members have a lot of things going on at the same time. it sounds to me like he is looking for some way to take offense. there is no way we won't address this problem appropriately. we have in the past. we will in the future. steve: it will be fully funded? >> right. ainsley: that's good to know. everyone hopes that. >> good to be with you.

d -- >> steve: is that a forest fire behind him what is that >> jimmy: i think, yeah. steve: yok he started a fire and - >> jimmy: he's at the edge [ laughter ] he's at the edge of a raging forest fire. >> steve: wow.la >> jimmy: about to psome jams, and --ow you knhat's interesting. i'm holding this record. it looks like it's at an angle no matter what angle i hold it at [ laughter ] >> steve: wow. that's the fire. >> jimmy: it's like an infinity album. yeah, anyways let's take a a listen to this dude. this is a song called "angel of the night. >> steve: "angel of the night. myrocotton ♪ ♪ oh oh oh oh oel my angf the nigh it feel like we're the only ones on the floor ♪ ♪ because we give it more the darkness before th dawn will never come because you're my angel ♪ ♪ of the nigh there will always be a party for two because ♪ >> jimmy: stop it. stop please. stop it. stop it. stop it.te that's very insting. because i've never heard anyone actually record an album while they're learning the instrument >> steve: wow. [ laughter ] >> jimmy: it's a first i didn't know you cou

to a lot of events, i've been to a lot of memorials for ed, been to a lot of celebrations, and i think, steve , you are right. every day we walk by his tree near the asian art museum that mope planted, a lot of us where there that day, and we walk by the chinese newcomer's school in chinatown, and we walk by places where we remember him playing ping-pong with walter right there, and so every day, there is something in our city and in our community, and in our life that we think of mayor lee. he was an extra, extra special person. i knew him from the late seventies when i started to work at self-help, and he was an attorney at the asian law caucus we were both assigned to make sure that the public housing tenants are living in decent and safe housing, so he placed -- he played the lawyer's part to sue the housing authority, and i play the social worker part, which is to support the tenants with whatever they want. i think that dedication and commitment to the people who are not as fortunate as we are in this room, has always been part of ed's d.n.a. he always fought for every case, and protect

i think steve at the mad over blog has the best take of any that i've read. i agree with him that he is supposing that impeachment is one of those things where you can impeach the president in the house. because the senate is run by mitch mcconnell, leader of the republicans, removal of the president won't happen. he remains in office. if indeed speaker pelosi said to her caucus, she would rather see president trump in jail, what that means is, after he leaves office, from their perspective, preferably january 20th, 2021, he is open to legal liability and could be put in jail for crimes by prosecutors. and that is the ultimate punishment. >> the president was asked about former special counsel robert mueller testifying on fox news. let's just listen to this together. >> he made such a fool out of himself the last time. what people don't report is the letter he had to do to straighten out his testimony. his testimony was wrong. but nancy pelosi, i call her nervous nancy. she doesn't talk about it. nancy pelosi is a disaster. okay? she's a disaster. and let her

>> i think steve liesman presented this last week he's right the federal reserve in june gives the market a rate cut and then president trump goes to g20. and everything is okay with china. that's not a scenario that i think chairman powell -- >> well, because maybe the economy is slowing regardless of the trade situation with china >> this is the hard part >> manufacturing data today was weaker so did we need the -- >> did we need the december hike are we paying for the december hike >> the fed made a mistake by -- >> in retrospect >> and what we're doing right now with the trade dispute, are we slowing the german economy into a recession right now that we'll know about six months later? probably >> probably. >> see, if the fed comes out and said, you know, we're aware of the trade dispute, geopolitical, that's not what i want them to say. i don't want them to say we're aware of the trade dispute i want them to focus on the economy and everything else. otherwise, they become traders >> we're at the lows of the day for the markets. let's take a quick break here's what else is coming up on

i think steve kerr says it's a day to day kind of thing so we'll wait and see of staff is going to get any help tonight when the warriors play the raptors in game 5. >>we need this when in fact we need 3 in a row. klay thompson was back in after his injury and scored 28 points in game 4. and staff came up with 27, but it wasn't enough to win that won so that put us in this hole that we're in now down 3 to one and with our backs against the wall. >>is going to see resilient warriors team. we've been back as well before with the same group. should be in doubt 3, 2, obviously is the more daunting being down 3 one but. use your backs his slow response of this. >>it is when one basketball game and take it from there and if we focus on that mission. you know our history kind of speaks for itself in terms of the you know to get that done just when one basketball game in then worry about the rest. >>you know for inspiration jury all they have to do is look at themselves. they came back against oklahoma city down 3 one yes that was the western conference then what 3 and then and then why it wil

. >> i think steve bullock should have been on the stage. this is what campaigns are for.underdog. i've always been an underdog and beat a lot of republicans being an underdog. i'm more bill clinton and jimmy carter about this stage. seven out of ten americans never heard my name. tonight when they hear a person who is going to prioritize climate change and had one of the most spectacular progressive records in the united states, i'm the guy who stood up to you donald trump on the muslim ban and sued him successfully 22 times. i'm the guy that's got the first long-term elder care program and the first net neutrality law in the united states. i'm happy to share that information with people. >> let me ask you something else. when first heard that news alert or however you heard it, bob mueller's back, bob mueller is going to come and testify publicly whichize never done since he became special counsel, for your campaign, did you think i don't care, old news? did you think that's good as an accountability moment or did you think, be honest, gosh these house democrats are step

i think that ad makes it clear. steve: what's interesting. is with the exception of one shot. hat 30 seconds we saw right there. it's all about the folks. >> that's exactly right. and when you watch the full three minutes. it's the supporters. you see the faces of the men and women, and, yes, there are women. despite what the media will tell you. i go to these trump rallies. i stand in lines. i talk to the crowds. there is tons of women. people from all background. when i was in wisconsin where that ad was filmed. i went and there were people sleeping overnight in 40-degree weather, including a veteran who had been in intensive care for two weeks but demanded to be let out to go to the trump rally. there he was sleeping overnight for this rally. because he had called the v.a. hotline none other than lara trump called him back there he was at the wally to thank the president and the trump family. dan: kayleigh, the tax cuts worked. economy booming. unemployment historic lows. red tape something cut. when you look at polls, i was reading an article at love americans don't believe

jedediah: i have a bun in the oven, i would say i think i would. steveibe if you stop we will go to dairy queen works best. jedediah: works on me. brian: i don't know if that's tiger but somehow it works. so folks already up at 6:40. janice: birthday here? happy birthday what's your name. >> lois. >> where are from you? >> north carolina. janice: where are you from. >> indiana. janice: wave to everybody from arkansas, right? >> we are from arkansas. janice: i love this mostly sunny which is what is going to happen in new york city. mostly sunny skies. take a look at the maps. hot, hot, hot today across portions of the northeast with temperatures well above 85, close to 90 with the heat index. could see some severe weather across the plain states. keep that in mind, large hail, damaging winds, isolated tornadoes, my friends. a look at severe storms and forecast today. if i could, a happy birthday to somebody very near and dear to my heart who puts up with a lot at home, sean, my husband, it is his birthday today. i didn't get to do it this morning so i du

steve: pretty good crowd. i think we have a bigger crowd. >> i think so too, actually. early because his show starts at 9:00. >> i'm not complaining. he works so hard. i showed up. it is early, huh? i rolled out bed two hours ago. steve: you don't have to look at me. look straight ahead. >> i'm multitasking. it was a little rear end. >> 18 wheeler in front of us. >> bill hemmer told me found a scorpion in his apartment. in manhattan in the village. >> steve: what? >> he literally found a scorpion? steve: did he leave the door open? >> i think so. it hitched a ride on his suitcase when he traveled. what was that like? i stepped on it. i felt a pain in my foot. later on someone found a scorpion in his apartment. that is unlucky. he is nice guy. why does that happen to bill hemmer. don't sting bill hemmer. steve: good point. have you ever driven down fifth avenue before? >> i have, yes. steve: you have. how was it? >> things get a little dicey. steve: make a right up there. you. >> you live on a edge, steve. i will make a right. steve: you're looking to ride simply with fox

i think the same thing could be said when steve jobs left was that apple had 80,000 employees. there was his spirit of design and innovation i think mr. ive has done that as apple. the design aesthetic lives and breathes very much at apple. but i do think we're talking about really special individuals. i think certainly over time, you can end up missing those people. it's certainly not guaranteed. but again, i think most investors would say reflecting back that apple has missed steve jobs in terms of its product evolution and creativity i think it's certainly possible that we could say the same thing from a design and user ui perspective five years from now. >> we will leave it there. appreciate your time have a good weekend. apple is your top pick for the second half. >> yeah. still feel extremely comfortable about it, especially after reading the press release and knowing that the firm, the one he is creating now or created, is -- apple is his number one client in other words, is he not going to be designing things, making the look and feel of whatever it is that the apple eng

i actually think netflix does quite well to steve's point, i don't think it is a zero sum game. think netflix is one of the subscriptions you cancel last, but it has been trading in a nice range take a little off the table and let them prove it to you. >> although i'm bearish as i mentioned on fade it on the overall market, i agree with steven and brian kelly you trade it i think it is a push towards the may high of -- what is it? i think last year 420 or thereabouts. i think we do that into their july earnings release, melissa. >> boeing up 7%. tim, trade it or fade it >> i think you trade this one. we had good news in terms of new orders out of the uk, et cetera, et cetera. this is a company that to me, first of all, i think it is cyclical minus and i think it is industrial plus. what i mean by that is, yes, you could say it is the ultimate stock that could fall victim to slower economic growth around the world. this has been a story that's really been all about boeing itself we're not removing the headline risk we're not removing the tragedies that happened, but this is a com

did that, and i just left it in the box the whole time, and i had a little trigger finger >> steve: yeah >> jimmy: use it was - >> steve: think>> jimmy: couple things i wanted to -- yeah phantom buzzing. >> steve: yeah >> jimmy: yeahal >> steve: you'reng down the street you go, oh, what wait, no my phone is buzzing. >> jimmy: oh my gosh i'm having a heart attack. >> steve: i'm having a heart attackht [ laug ] >> jimmy: i smell burnt toast. no, but i was like this is so pretty, i want to take a picture of this, or whatever my friend i was talking to, i want to show a picture of the or kids, i didn't do any of that stuff. i drew it. [ light laughter ] >> steve: you brought pastels with you >> jimmy: i crudely dr - >> steve: you brought a whole like set of water colors or something like that? >> jimmy: no, i just used the knife and i carved it out of the table clothe >> jimmy: yeahn the table? >> steve: in the shechet sculpture? >> jimmy: want to see what my daughter looks like? so anyways - >> steve: so - >> jimmy: but it was great, and i had the best eveningit as so cool and so different, but i was thinking about how to solve

>> my pleasure >> that's steve liesman from d.c. for us. >> i think the fed is in a difficult position it would be difficult to get intoxeraicated by strong headlis and step back and say, maybe we don't need to do anything right now but they run a risk. it goes back there's been economic contraction. if you do nothing in july, your next opportunity to do something becomes september and that could deepen further they're in a tough spot. the use of insurance cut, that's the right terminology because basically from a perception standpoint, not the reality of fixing the economy, perception standpoint, maybe that helps >> you can make a credible case and i know that others have sort of spoke about this around the margins of if you cut rates. a reason why the economy is slowing has less to do with where interest rates are than it does with where the trade war is okay that's a fact. >> i agree >> so the president saying that we'd be doing 4% or 5%, or whatever number he's throwing out this number if the fed cut interest rates there needs to be more focus on

i think. yesterday facebook got hit by that report that mark zuckerberg knew about privacy problems. is this trade? is this regulatory overhang? stevethink it is both. you don't want the word big in front of your industry. if it is big banks, big oil, big tech, big tobacco. that is a bull's-eye on your back. what the market is trying to contend with is how bad is it. if you would have bought big tobacco right after the got regulated, that wasn't a bad time to buy the stocks from a price perspective. these are large companies. the question becomes, will regulation have teeth and hurt their business model, or will it lock in their advantage relative to smaller companies that can't meet the regulatory burden? in terms of pricing, trade aside for a second, these companies are monopolies. there is no question. if they are, they deserve higher multiples than they are getting today. there's a risk that they become regulated utilities. if they are, then they deserve a lower multiple. i think the market probably weighs those two and tries to come up with a price. it doesn't really increase the risk that they will become regularly utilities -

steve: really? you think they will brief him? ainsley: absolutely. steve: iithout briefing. brian: i have not herd. steve: ainsley, you were talking about first lady. we saw first lady with the phillip may with the prime minister's husband a little while ago at the garden party. mrs. trump hug ad little girl that presented her with a bouquet of flowers as mr. may and they mingled with staff. they were children of staff of 10 downing street. ainsley: very lovely. brian: this news will carry the day. ceremonial things came to this, prior to this. this was news. nothing you could grab on to. ainsley: you're right. brian: if you watch the other channels, i flipped around, i'm bragging, have a lot of cable channels, everyone wanted to focus on protesters and potential protesters. ainsley: shocker. brian: sparring with the mayor. when you're majoring in minor things. that is not what is happening. that is not the focus. i noticed someone like christine amanpour, one of the top stories, this has been a flawless trip for the president. ainsley: you know they have to

steve: right it. all hinged on the steele dossier. how reliable was christopher steele, you know, to the investigator? >> you know, i thinkroblem, steve, with steele is that they never figured out is he one of us? that is to say is he one of the investigators or is he an informant witness? because they refer to him in the documentation that they give tout fisa court as if he is a source. and he is not a source. the source is when you go to a court for a warrant, the sources are the people who see and hear things, who make the observations that you are asking the judge to rely on for probable cause. steele was more in the nature of a case agent who accumulated that information and is usually in a position of bringing it to the court. and it really doesn't matter what the case agent's credibility is what the court needs to know is what is the credibility of the people you are asking me to rely on. steve: right. >> to make this finding that allows you to surveil in this case an american citizen. steve: you were talking about witnesses, you, andy mccarthy are going to be from the house intel committee let's see, about two hou

just issue a statement saying offering an apology and that is too little too late i think the people are very angry steve sang china's foreign ministry has publicly backed lam she says that china's leaders have confidence in my judgment and will support me is beijing going to sack beijing we'll get her view will be folded end of term but beijing will not remove her right away there is a need for beijing to save face and have for people who have to or crucially and or scary lamb but bait in we were. i really am not have backed down yet. and basically suspended you. on a tag and you've heard what both steve and emily said how embarrassing is this climb down for beijing was it instigated by beijing. highly doubtful i mean beijing is trying to keep an eye on the situation they rely on carey lamb to take control and to manage things and i think they're deeply disappointed i would agree with my colleague from england that this is going to be a situation where they will back her now but probably look for a replacement before the term has ended and only after sunday's processed what happens next will will public

i think that's one for you, steve? he former foreign secretary, stand—up comedian, various other things that he has done at various points. well, he's clearly the frontrunner. i don't think it will be a coronation. i think the contest has to continue into what becomes the last two candidates, like a whodunnit going to the party membership. i don't think the party membership want or would allow a coronation before they get the chance for that... and yet, of course, that is the speculation this weekend that in westminster there's forces that are saying, let's wrap this up, there's too much blue on blue conflict. it might happen, they might say that brexit is so important let's not extend this unnecessarily. i suspect there will be a contest which goes to the party membership. what i find so interesting about this contest is that, more than most leadership contests, all kinds of extraordinarily wild pledges are being made, as if this new prime minister would be elected into a parliament in which he or she could do what the

i think steve king executed better.e in the mall, you will be executed. >> that's a good one. you dpoe to the shoe store in the mall and it is like the red shoes. >> one last touch on beyond me. >> it's early. >> beyond meat has replaced tesla. >> the ceo is not nearly as combative. >> did you see that new elon musk >> you mentioned this earlier. >> come on, elon. give it to us. give us the circus. i like the circus. >> given all that, disney is leading the dow. we are up 113 points and 12 on the s&p. let's check in with bob pisani. >> so geopolitical risks, yousy the interesting compelling pictures in the gulf of oman. that is moving things. energy stocks tend to be on the higher side here. semi conductors. consumers are flat. this is contrary to the trend in the last six weeks. a little bit of the switch in the way the pattern has been going in the last six weeks or so. energy stocks, a nice move up here. you don't see this very often. generally the demand equation is pretty poor here. if you look at energy stocks all

but more about how tariffs could weaken the economy >> i think we will confront that when we get to it, but i think the way that i think about it, steveis i think textbook macro would indicate that you would tend to look through the price-level effect of higher tariffs, because it's not really telling you anything about long-run inflation, and i think that that would be my first instinct, which would be to look through that on the price level. >> okay, and now -- >> and then obviously slower growth means you want to do what you can to maintain growth at its potential. >> do what you can so, let's see what the market probabilities are here june, market was actually flirting with june for a little bit, but that's back down to 18%. we'll talk about june in a second july, 63% for a rate cut, september, 93%, october, 96%, and two rate cuts at least are built into the structure of the fed rate funds market. the fed meets june 18th and 19th before that, new tariffs on mexico, june 10th, could be put in place after that, president xi and president trump meet in japan. so, the fed, essentially, is between the rock of new tariffs on mexico and

. >> i think steve is right. there is a transcript where it is clear that you are eavesdropping on the russian ambassador, i can see good arguments for not making that public. the strange thing is it is very early. i don't know that there's a good reason why the judge needs to make these public in the first place, but the burden really is on the justice department to come in and make that case to him. >>. >> susan, what about the "new york times", the president seized the opportunity. did mueller underestimate the political climate? >> i think mueller decided the political climate was not his assignment, that he had a particular assignment to investigate, which he did, which he did with meticulous care and announced his results in a way that left both sides dissatisfied because he neither said case close, as the white house would have preferred, nor did he make an impassioned statement about the need for impeachment. he made a much more quieter statement that led democrats to say it amounted to a call for impeachm

i can't imagine operating without it. by do you think that's importan important? >> stevently but now it's a force in my life. it means i more time to think. i'm not into technology, have a laptop from online. i keep in touch through it method and it works fine. that was really great discussio discussion. everyone will be captivated because it has become this huge thing. we had great guests who really understand what it's doing to people's brains and why this addiction is creeping in, especially for kids. >> melissa: and its addiction. make no doubt about it. you leave the house, you don't have it, you feel like you are missing your arm. especially with kids and stuff, you drill down on that. a lot of parents, i know myself, are struggling. you want them to be in touch and respond to you. but you see them kind of itching for it, and it's scary. >> dagen: i worry about how it distorts a young person's self image. the physical image, the idea of beauty. it puts the zap on your head as long-lasting. >> jessica: i don't have kids. [laughter] that's all i've got. >> melissa: fi

give it up ♪ [ applause ] >> steve: what is that your pointer what is that >> jimmy: i have no idea what this thing is at all [ laughter ] what is this thing >> steve: i thinkketch. [ laughter ] >> jimmy: weird props back there. ♪ thank you, biking to work, for letting my co-workers see exactly which of my sweat glands are the most active [ laughter ] [ applause ] ♪ thank you, chargers so large they take up more than one plug, for being the man spreaders of the electrical outlets. [ laughter ] [ applause ] ♪ thank you golf announcers, for being the original asmr. [ laughter ] [ applause ] he's on the green and this is for par. he's on the green and this is for par. [ laughter ] my facebook's on i think i'm getting poked. [ laughter ] >> steve: come on, i'm an old man. >> jimmy: i'm an old man what do you want me to do. [ laughter ] ♪ thank you giant group texts, for giving my pants a chance to vibrate for a full hour. [ laughter ] there you go those are my "thank you notes. [ cheers and applause we'll be right back with emma thompson, everybody [ cheers and applause ♪ the men in black demand only the best. suit. tie. shades. weapon. and ride. when you're pr

carol's friend katherine knew who that was. >> i didn't believe that steve did it. but i couldn't thinke that would possibly do any harm to carol. and so three months after carol was killed, they arrested steve democker on a charge of first degree murder. steve's sister, sharon. >> i'm trying to imagine what it was like for the family, this amazing, accomplished, interesting, intelligent family, when the leader child was charged with murdering his wife. a woman who you all loved. >> it was a total shock. you're going, "they, they, they don't understand. if -- if they knew him they would see how wrong and impossible this was." >> reporter: even worse, prosecutors filed for the death penalty. any chance for bail for steve, given the charge, was remote. still, the whole democker family gathered in court for the hearing, which, coincidence, had been scheduled for christmas eve, 2008. and then, it was delayed >> it was this crushing blow, seeing that. the wheels turn painfully slowly in this process. so we left, and we're standing out in the corridor, and then, they were just startin' to bri

steve: ooh, wow >> jimmy: wow. friend's second wedding. i started my speech with, 'welcome back, everyone.'" >> steve: oh [ laughter and applause yes. n >> jimmy: he was happy >> steve: oh, oh >> jimmy: i think>> steve: round two. the's the charm. >> jimmy: this one is from @patrickneville. he says, "i thought i was making a calm composed face at my -- as my wife came down the aisle. i founout this was the face i made." look at this photo [ laughter and applause >> steve: oh my -- oh my g >> jimmy: he's like -- >> steve: wow. >> jimmy: this one's from @s mith987. she says, "my mother-in-law brought platters of food to my catered wedding reception so their side of the family would have something to eat that they like." [ audience oohs >> steve: oh >> jimmy: wow. strong move on the mother-in-law. >> steve: wow. that they like >> jimmy: strong move. yeah this is something we like.we >> steveike. we like to eat food we like. i mean, you can eat your garbage food >> jimmy: this one is from @lifealertme he says, "i danced so hard i ripped my pants. look at the photo. >> steve: wow. >> jimmy: wow. [ audience oohs [ applause ] >> steve: wow. i hope that -- i hope that's -- [ laughter ] that was unde