david: jon hilsenrath, what do you think of that? >> i say a couple of things.question is really central, i think, to the future of the federal reserve itself, because, janet yellen's term is coming up next year. donald trump has said nice things about her and, the way she is managing monetary policy you know he thinks that she is a low interest rate person. he is a low interest rate person. where they differ is on the regulatory environment. she is defended the way the fed has managed the oversight of banks. and she is prepared to go to the matt on some of these things. i think his decision about whether to renominate janet yellen to run the fed could hinge on how he sees her from regulatory perspective. david: politics is everywhere, jon hilsenrath, jonathan hoenig, harvey pitt, jonathan i owe you one. we have to move on. melissa. melissa: sarah palin suing wall street times over a editorial tying her to 2011 shooting that left six people dead wounding 13 others. including former congressman gabby giffords. "the times" apologized to the error make a retraction

joining us this hour, charlie hurt, richard jordan, jon hilsenrath and andy biggs. melissa: the senate health care bill is giving market shot in arm but the stocks are beginning to slide. nicole petallides at new york stock exchange. nicole, what happened? >> there was 50-point turnaround. we got the news, market quickly went from red way into the green, 52 point from bottom to top. then sort of bounced around there, moved the health care stocks higher. in fact the s&p health care index hit a new high. then just fizzle out right to where it really was in the morning. we're not hearing any reason to have sold this market. in fact it seems to be more of what we saw this morning eliminates the pop in the middle of the day. oil came up off the lows, those multi-month lows. that helped the market a little bit throughout the day but then closed. look at some movers here. we talked about health care, johnson & johnson and merck were the best performers in the dow jones industrial average. you can see each up more than 3/4 of 1%. pfizer, unitedhealth, all winners there. als

wall street economics editor jon hilsenrath and diligence cofounder mike baker is here. dagen: why do i feel safer with him here? >> at complete misconception, but thank you. the most informative show in the morning. i've been here. the energy always great. >> gillett thing we didn't talk about in the run-up is what is going on in qatar. fascinating story. maria: general jack keane coming up, but it is pretty extraordinary to see five countries in the middle east cut ties. >> our biggest basis and allies. maria: it's really incredible. maria: problems getting. >> this in the country the highest per capita. qatar is the richest country. lots to talk about here. of course we continue coverage this morning. former presidential candidate, arkansas governor mike huckabee is with us. the subcommittee, kentucky congressman is here. secretary of veterans affairs committee which looked anesthetized. plus the chairman of the ftse, federal deposit insurance corporation is with us. plus country singer kat bar. white house officials say republicans will vote on the version of health

maria: all right, in the bank, jon hilsenrath thanks so much, right here fox business network all daym lou dobbs cavuto coast to coast 7:00 pm eastern we start to get results after the close tonight, out of london, coming up verizon makes cuts lay-offs expected from company after latest acquisition deal, deals there locked out of housing market why millions of young people are actually being shut out. we've got the story. back in a moment. ♪ ♪ at bp's cooper river plant, employees take safety personally - down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. because safety is never being satisfied. and always working to be better. will you be ready when the moment turns romantic? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get

we will be waiting watching that jon good to see you thanks so much. >> thanks a lot, on set jon hilsenrathar panel. maria: final thoughts, pete hegseth. >> i'm still going to dunken doughnuts. [laughter] >> i'm going to watch that interview with john podesta again and again. thank you. maria: great show. >> republicans for single payer. think about it. maria: here's "varney & company." stu, over to you. stuart: stop it, dagen, stop it right now. [laughter] maria, thank you very much, indeed. we're close to another stock market high. here's the news on politics, the president says there's a big surprise on health care maybe coming tomorrow. oh, we live in hope. good morning, everyone. as of right now, the dow is just 74 points away from its record close. it will go up a little bit more a half hour from now. stand by for records. and there's plenty of good news for investors. look at this. the price of gas has gone down for 27 straight days. you are about to pay the lowest july 4th price in a ca