liz: okay. >> now -- liz: well, we'll see. rocket fuel that has been the propelant for the economy from the tax cut which is now a year and a half or more old, do you see that starting to wane? are we on vapors right now? >> well, i don't know but you know, goodness, all of the people back then were saying the max the economy grows is 1.5% per year. they called it the new normal, if you remember, larry summers and all these others said that would be the upper limit. we are way exceeding that upper limit and i think it's because of trump's policies. i think it's the tax bill, deregulation and what he's done for the economy. it's just enormous. just yesterday, he announced the transparency in health care which is huge and could make a major difference in u.s. economic growth. so i'm quite comfortable with the tax bill, with what trump's policies have been, and i just hope they continue to produce the results that they have. liz: art laffer, it's great to see you and congratulations on the medal of freedom. see you next time. >>

liz: the u.s.nt against russia after one of its warship sailed dangerously close to america's cruiser. reporter: the latest incident took place in the philippine sea while a helicopter was landing on the flight deck of the warship. this shows the destroyer within yards of the cruiser. both warships armed with large missiles and you naval guns. it's what u.s. officials are describing as a highly dangerous maneuver. russians could be seen sunbathing on the flight deck, mock their american adversaries. >> the beef behavior is unprofessional. reporter: the russian government says it lodged its own formal protest over the incident and disputes the u.s. act of things. saying it crossed the course of the destroyer. the destroyer had to perform you are general maneuvers to avoid a collision. the navy said its plane was flying in international air space during the 28-minute encounter. these encounters are a not so subtle reminder not to forget about moscow. it was so close you could see a russian sailor app

liz? liz: thank you edward in washington d.c. we've got plenty more to discuss on iran later in the show, including a report from the pentagon also strategic analysis from retired general jack keane. let's get to bernie sanders out with his plan to wipe out $1.6 trillion in student debt. it's a splashy policy drop just two days before the first democrat debate in miami and this is a bigger cancellation plan than the one from elizabeth warren. let's bring in art laffer. great to see you, art. >> hey, e-mac it's wonderful to be on your show thank you for having me. liz: so art bernie wants to pay with a tax on stock and bond trades, in reality i think he wants to take about $2 trillion in taxes over 10 years out of the same 401 (k) accounts that students own and labor union pension funds too. isn't sanders being a bit misleading here? >> oh, totally but let me just say, e-mac, there are way too many college students today. a lot of these kids who were there aren't getting the education to pr

liz: yep. you know what, that's what we're seeing in these regional purchasing managers' indexes which is a fancy name for how these people are feeling about manufacturing and i want to bring in scott here. scott, the first rate cut that happens when the u.s. economy is not in recession leads 100% of the time, i was looking at this stat, to higher markets. so if you are a stock investor, you are cheering for this. do you see any downside the a rate cut? >> yeah, i do. i mean, yes, we have seen the numbers weaken but it hasn't weakened enough that we have to cut rates at this point in time. i get it, we are all in line to have this happen in july, but here's what i want to say to everybody. be careful what you wish for. because i can remember a time where i was talking about rate cuts with equity prices at all-time record highs. that's a problem. so if we've got -- something's not right. we have equities at all-time record highs, then at the same time we are talking about the economy that's falt

liz: i know. teddy, alan, scott, not the size of the dog in the fight, it's the size of the fight in the dog. i may be small but i'm tough. good to see all of you guys. thanks. >>> getting chewed out. with the closing bell ringing in 47 minutes and the dow up 45 points, lucky charms maker general mills, not feeling so magically delicious in this final hour of trade. it's not the cereal that's the problem. sales for the packaged food giant falling short in the latest quarter. what are their snacks? chex, bugles. shares currently down, dragging competitors with it including kelloggs. >>> up next, let the jostling for attention begin. they light up the set and nearly half the democratic field vying for the party's 2020 nomination. we will address the nation in the first debate of the campaign season. who will get the most tv oxygen on everything from medicare for all, tax reform and forgiving college debt. in his first live shot from miami, and the debate venue, connell mcshane reveals what you need

liz? liz: yep. and i see the baby trump in the diaper. that's been common for these protests in london. we are watching this at the moment and we want to make sure people understand, the president has said there wasn't a big crowd. we thought well, let's show people. this is an aerial shot of what happened earlier. i don't know if we can take back that live shot at the moment outside of winfield house. we will when other arrivals happen. at the moment, this will be quite a respectful and pomp and circumstance type of dinner at winfield house. why didn't the president stay at buckingham palace? because he normally would, yet there were renovations. this is quite a dramatic meeting here throughout the day. lots of news on trade and we do, though, need to get to the markets because the bulls, look at this here on the screen, moo'ing up a storm on dovish fed-speak and yes, bulls do moo. i googled it. it's more of sort of an aggressive grunting. which is what the dow is doing right now. grunting higher. session high, gain of 473 points. we are

liz: writes congress on this?> democrats in congress refused to give us the 60 votes in the senate you need to get border security. the president is quite correct the democrats in congress have refused to get it on our side. and the president is trying to get it on the mexican side. >> anybody who watched trump says he knows the u.s. is getting taken advantage of. long before 2016, trump was saying it's about china. do you think mexico will finally deal. mexico can't think it's' normal to have 100,000 people walking through it country and going north. that's not normal. >> we do have a crisis at our border when it comes to immigration. but we shouldn't be using tariffs to figure that problem. there would be an uproar if that was a negotiating tactic to figure issues with immigration. liz: i hear what you are saying. but congress isn't doing anything. this country want to help the poor. absolutely. but the situation is out of hand. you guys know this. it's dangerously open the border. people from bangladesh and the

liz? liz: edward lawrence, thank you very much. with the dow up 20 points, how quickly did june go by, right? the last trading day of june is tomorrow. it's been a really nice run for the bulls, with the dow, s&p and nasdaq on pace for their best month since january but come monday, the first day of july, could be a wild one on wall street, particularly because of what edward just talked about. the headliner event that happens this saturday in osaka, japan when presidents trump and xi meet face-to-face to try to work out trade issues man-to-man. investors glued to their phones and televisions and hopefully fox business, hoping for the best. prepping for the worst. what are our traders doing that perhaps you could follow? sarge, start with you. you have all the angles covered. >> okay. this is the ball game. tomorrow, you have the russell rebalance, you have the end of the half, you have the end of the quarter. you will have big volume and markets will move around a little. you have to think what are the chinese going to buy if ther

liz. liz: hillary, thank you very much.pt having cofounded of little payment company founded with elon musk called paypal but now the ceo of another tech company called a firm, max levchin is joining us live in a foxbusiness exclusive. i need to get you on this news. you got smaller newspapers lots of regional newspapers that are gone out of business and some of the bigger ones to squash by an ad system and the marketplace that some would argue is skewed what do you think? >> in general, i'm a fan of the free market figuring out what is meant to live and die. i think that is the outcome of competition or at least that's what one hopes to be the outco outcome, the best survive and get better and once i can't cut it go out of business. liz: in a way are you saying it's similar to the typewriter industry with hundreds of typewriter companies, none of them exist anymore because people moved on to computers did you can't fight evolution, is that what you are saying? >> the only way in general to men in these situations is to fin

liz: okay. let us talk quickly about inflation and bill, i'm going to tell you that it really surprised me when he said we now, seeing the fed lower their inflation anticipation here, you know, as i look at that, everybody i talked to says boy, it sure feels like we are paying more for everything. >> sure. it really depends upon which prices you look at. the overall price level is surely showing 1.5% inflation but that's a mix of goods prices which are deflating, and prices we all pay in our day to day lives. those are going up fairly rapidly. domestic economy was doing very well. it's the global economy and the trading goods that suffer deflation. what's on top of that, we have technology limiting price increases because the quality of goods starts going up and right now, the world is so competitive with goods pricing that no one has pricing power. no one can raise prices even though costs are going up. they are absorbing it in profit margins. so inflation is a bifurcated world where services,

liz: but other democratic senators saying cory booker, liz warren, cool it.in reelection. >> i think we'll see more of this as the crowded campaign goes on. if you are polling low and not getting that national platform, you take on the big guy. i think that's what berke is doing. he's manufacturing outrage. but i think, you know, berke is seizing on this as a political moment. i don't think it calls are going to work for him to stop attacking biden. it will be brutal and bruising the next couple months. >> we have 72 democrats demanding impeachment and former republican ohio governor john kasich saying trump is becoming vulnerable. >> ohio has become more red, don. but if you look at pennsylvania, michigan, wisconsin, of course they will have to reach out. of course, in ohio they will have to get some of those voters who traditionally voted democrat. to say i'm going to rely on my base? that's why republicans are getting increasingly worried about donald trump. >> there are things he could do to reach out and broaden his base. it has to be focused on suburban

liz: okay. let's talk about apple because you had tim cook announcing that he felt it really wasn't going to be affecting apple and that he didn't believe the chinese would sort of punish apple as the united states has blacklisted huawei. they would not be in sort of a tit for tat here. is he right? do you believe that? >> i do and it's important to think about the two levers related to apple and china. there's the direct government intervention lever. this would be the equivalent of china putting tariffs on apple products sold in china. i think that that is unlikely and i think that's what tim cook's recent comments related to, that it's unlikely that's going to happen. keep in mind that about three million chinese people either directly or indirectly work with apple and so this is an important partner. apple is an important partner, outside of all of the huawei. the second risk, of course, is some backlash, call it a boycott of apple products from chinese consumers that want to express some of

liz, back to you. liz: democrats in open civil war. but they are also showing political incompetence over a border aid bill that they finally signed off on that the president has wanted for months. the democrats trying to score political points over a crisis they suddenly say is real after months of denying it, saying it's phoney as thousands continue to cross daily because the democrats are signaling the immigration laws won't be enforced. 2020 democrats are trying to win the white house while trying to trash the trump economy. why democrats are the gang that cannot shoot straight. all money managers might seem the same, but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other

and liz claman. 165 points up. liz: know what? earlier when we were up 200 points i'm thinking 700 points over two days for the dow? charles: amazing. liz: not bad. thanks, charles. breaking news, we have a high stakes meeting behind closed doors about to take place at the white house in 30 minutes. vice president mike pence meets face-to-face with mexican foreign minister. our cameras are standing by to catch the minister's arrival as hopes start to rise for a deal that would help avoid this 5% tariff slapped coming monday on all mexican imports to the u.s. we will take you straight to the white house for the inside scoop, because this has real potential to move the markets. trade with mexico is far from the only issue as the u.s. responds to china's threat to limit rare earth minerals going to the united states. these rare earth elements are called the vitamins of chemistry and our nation is totally reliant on imports to make everything from your favorite products to cancer medications. the analyst who says he's got the one answ

liz: look at this story. the government threatening big tech with tougher anti-competitive oversight. wiped out of frontal boundary, google parent alpha set and apple. reporter: you are seeing a situation where big tech scrutiny on wall street. the tech sector sold some of all day because the department of justice and the other federal agency are going after these individual companies. they are actually naming them. you have the department of justice that has given the green light to investigate apple. we don't know the specific details, but it includes monopolistic behavior and anti-trust. and google, the search engine. there have been complaints if you look for an item google may promote certain links ortizments oritems they have received money for. the fcc has been investigating facebook for brave i. they are going after amazon, apple, google, facebook and alphabet. these are the darlings of a lot of portfolios. that's why you are seeing the sell-off. a lot of people think maybe they have too much control.

liz: right.control. >> i know this is a bad transition, but i'd just like to see, if we can, do we have an intraday of sprint and t-mobile in. liz: we were showing it the whole time. there's a tiny move up off the floor. now it's a $7.01 stock, and that's significant, folks, because the annual low of this stock is -- >> six something. liz: is it? >> it was something like that. if the deal goes through, it's probably an $8 stock. of. liz: yeah, six and change. actually, $5.12. >> oh, interesting. but if a deal goes through, i think it's close to 8, and that's under the deal terms. again, movement on this, lots of meetings -- liz: okay. all right. let's go to state department. mike pompeo, secretary of state, is now going to give a public statement about the mexico/u.s. trade deal. >> a couple things this afternoon. first, i'll give some remarks lacer this week -- later this week, i'll be speaking to a group of indian business leaders in preparation for the trip that i'll take in a couple weeks whe

liz: we had a top u.s. official testifying that hezbollah is broke it's literally asking for money from iranians in grocery stores via piggy banks. we know iran is in a deep recession. the economy is shrinking. inflation is double digits. the majority of its youth are unemployed. but here is what's working in the u.s. favor. the u.s. boom in oil. should the democrats be supporting that? the u.s. pumping out a record 21 million plus barrels a day. should the democrats be behind that? >> they should, but you have representative alexandria ocasio-cortez who wants to stop our oil and natural gas industry that has aloud us to be energy independent and we are a net he can porter now. that's the way to leverage your economic power against iran. we are not sending them billions of dollars like the obama administration did. and we have to put the squeeze on the capabilities we have seen them do in the last couple weeks. liz: the s & p 500 breaking record. the markets did pretty well today. gerri willis is at the big

liz: u.s.cks rising after 2 days of glowing red ashes, right now markets in green propelled by the market situation that has set the region on political fire. let's get to reaction. energy stocks heating up all major indices hyped up by what's unfolding in the area where 40% to have world supply of petro chemicals must pass through. 5-month lows, nothing like a tax on oil tankers in the region to reverse that move while off session highs of 4 plus percent gains, look at the price of per barrel, after the two tanker attacks near iranian coast overnight. keep in mind u even with ramped up tensions a worldwide glut of oil underscored yesterday by a 2.2 million surge in stockpiles in the u.s. is very much a reality and keeping lid at least on the price here. more on the developing story in just a moment. we need to get to stock chart of restaurant chain red robin, gourmet burger chain making investors go yum, that's the commercial. investment firm vintage capital management which olds 11.6% stake s

liz: let's get you an update on this story.secretary patrick shanahan withdrew his consideration for that job as president nominated secretary of the army, mike esper. lucas? >> lawmakers are demanding an explanation why patrick shanahan shanahan's past abuse allegations remained a secret despite the investigation by the fbi. many democrats are questioning the vetting. john mccain's former staff director says lawmakers were kept in the dark about shanahan's nearly decade old violence accusations against this now ex-wife. the. >> it should have happened a long time ago. >> mark esper has bipartisan support. >> i think we are better to have a confirmed secretary of defense. with regard to mark esper we all know him. i think we would be better off by far to have a secretary of defense actually confirmed by the senate. >> i hope that they get him up to the senate and get him confirmed as soon as possible. it matters to have a fully confirmed secretary of defense. reporter: he takes over as acting defense secretary monday. liz: pres

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until then, liz claman, over to you. liz: all roads lead to the fed. we also have this breaking news. business in revolt at this hour, hoping to stop president trump from adding new 25% tariffs on an additional $300 billion worth of chinese exports. business leaders testifying right now in the first of seven days of hearings about the potential increase. the national retail federation, the one spearheading the charge, they join us exclusively to tell us why the business community is so against the move, even though the chinese are knocking off their products. >>> huawei blacklisted. the chinese phone maker now saying the u.s. attack has cost it tens of billions of dollars. we go straight to mainland china for a behind-the-scenes look exclusively at the company that's got the target on its back. it's a fox business exclusive you are going to see what's inside this company. >>> and mysterious deaths at an island paradise have tourists thinking twice or even backing out of booking a visit to the dominican republic. we've got the ceo of one of the world's

liz: no fix for the border. you don't hear anything about that today from either side of the political aisle. it was a monster rally today. the dow surging 500 points. gerri willis is at the big board with more. >> the dow ending up 512 points. all three major averages up 2% and change. as this on comments from federal reserve chairman jay powell to act as appropriate to defend the u.s. economy. mike mayo a famous bankinged a row captains. info tech stocks surging after falling yesterday pretty handily. now higher up 2% and change. leading the way, apple after they say they will lead the way on privacy with the new operating system due out later this year. powell stopped short of saying he'll make a move imminently on rates. liz: vice president michael pence returning home in d.c. any moment now from fouring flood-damage -- from touring flood-damaged oklahoma. in arkansas weeks of relentsless flooding tore through levees and dams causing flash flood warnings. arkansas seeing 20 million a day in economic losses.

liz: what are the democrats saying? saying listen, based on our reporting, we don't want any interference. we believe the doj reviews should be impartial. we have a full writeup on this on foxbusiness.com which will be published momentarily. we think it should be impartial and we want any communications from mr. trump, from president trump, who has been on a tear lately on a lot of different things including hating on at & t which is one of the companies that would be positively affected if they did not let this go through. so you know, the writing's on the wall that this is very political. it looks like trump wants the deal to go through. one reason why he wants it to go through, i believe, is that it hurts at & t because they would have a formidable competitor. liz: which today in london, he said he might consider boycotting. >> he would like a boycott. liz: because he doesn't like cnn, which they own. >> aside from the free market arguments, you also have president trump saying the same thing. on top of that, this is

liz claman, you can't fumble this one. all right? liz: oh, believe me, i can. i was never picked for any team. i can fumble balls. thank you very much, charles. >>> breaking news. china talks are on and the markets are off to the races. in this final hour, can we hold on to these gains? we have the dow jones industrials up 376 points as president trump confirmed that the stalled trade talks with china, the engine begins rolling again. the president talking to chinese president xi jinping on the phone this morning about a reciprocal economic relationship and subsequently, he confirmed they will meet at the g20 summit later this month in osaka, japan for a quote, extended meeting. well, instantly the markets went into rally mode on optimism that the world's two great economic powers will be able to settle their differences, but we have seen this story before. trade-related stocks for the moment are powering the markets higher. the nasdaq, a nice gain of 118 points. s&p better by 30. but sometimes, we then see this unfold and unroll. but the news is not all good.

liz: here is way want your opinion on. there was a "new york times" opinion piece blasting joe biden saying he's like watching an actor who can't remember his own lines and he's speaking gibberish. they said this performances are unnerving. what was your take on that? >> i have heard joe biden speak in public before and he's always on fire. maybe the reporter went to an event where the president wasn't at his full passionate self. i don't care about these polls right now. we don't have a frontrunner. we have a very open process. liz: you don't think bide be is the frontrunner? the democrats will push biden on how he inappropriately touched women and for the anita hill, and the hyde amendment and being tough object crime in the 90s. >> in terms of the process itself, as you recall, in 2008 hillary clinton was the frontrunner. obama won the nomination. at this point in the contest polls really don't matter. it tells you how well you should calibrate on some issue, what states you should be in right now. if you are kamala har

liz: still up four 100%? the first year are down on average so we like to see more seasoned companies. liz: what else? softbank is a parent of sprint. >> that's right. there is a serial acquirer and acquires pay up to buy those businesses but we like to have cheaper prices for them instead. liz: get that look at everything else going on and very worried about the markets would you feel confident? everyone is worried were coming to a recession. >> we are relatively conservative. not losing money is most poor thing so we rather find our bargains on individual stock basis in the entire market. liz: great to have you. >> thank you for having. liz: matt watson over at james investment research. it's been a very busy newsday. presidents making an announcement that there's an 8 billion-dollar natural gas trade deal with poland along with at 35, lockheed martin, moving over to the polish side as well. connection here put it on the screen. back in day in a row that will do it for the claimant countdown. melissal: stoc

liz: you don't see anyone watch the video? male: i mean, not that i-- not that i-- liz: rockin' jump declined to talk to us on camera, but told us in a statement, "since its inception, safety has been the number one focus of rockin' jump, both for our guests and staff." the company also says it will be addressing the concerns we exposed and pointed us to its website, which states rockin' jump regularly maintains its equipment. now eight years old, donavan is back on his feet. while his mom says she'd never take him back to a trampoline park, he'd jump at the chance to do it again. you would? why do you say that? donavan: 'cause it was fun. liz: trampoline parks are unregulated in much of the country. legislation in california failed a few years back. next year, the iatp, the industry's trade association, will require members to pass third party safety inspections. for now, members are encouraged to follow trampoline operation guidelines set by an international standards organization. announcer: up next, an emerging threat from

[laughter] liz: it's how the market closes. you have to watch charles and then me because breaking news by the way we are watching the health insurers because president trump is about to reveal new plans to slice health insurance costs for millions of workers and small business owners. rose garden announcement at the bottom of the hour, our cameras are there and take you to the white house live when it happens. is it now the hawei customer semiconductor broadcomm blaming blacklist for 2 billion-dollar punch to the gut? now rules say you can't do business with huawei, if you want to do business in america. far-reaching ramifications of trump trade war shaking the markets just a bit, yes, you do see a little bit of a comeback but specifically apple, chip makers, energy names to drag down oil-related shares, we do have insecurity here but as we head into the last 60 minutes of trade wall street holding onto small weekly gain, let's see if we can hold onto them at the close. the finger pointing on tankers, president trump not only

liz claman is here to take it for us. liz: we are running with breaking news. i want to show you like pictures from the white house. president trump scheduled moments from now defined in executive order, his second of the day of the transfe day. requires hospitals and insurance companies to reveal the cost of medical procedures before they are performed. this is all about transparency. both negotiated rates, out-of-pocket expenses for all of you, this affects every american high healthcare costs, a key issue of the president's 2020 reelection campaign and what voters consistently rate as copublished with their worried about this. in fact every american. the goal here today patients, total prices of what they will pay in the insurance will pay and easy to read patient friendly format improving price and quality transparency and healthcare and let's take a look at healthcare structure now. all of these are moving in. a big piece is what is bringing in. johnson & johnson, pfizer, nothing about pharmacy benefits managers. if you do not know what that is, this is a

liz: hi, i'm liz jones. nice to meet you. lemonis: liz, marcus lemonis. -patrick: hi -- patrick.you? my name is patrick dilascia. our brand is called dilascia. we're a family company. my brother and sister work for me, which most of the time is great. [ laughter ] the brand kind of started off as t-shirts, and it just kind of grew really quickly. then marcus challenged us to do more of a collection, which is what we have here to show you today. so, this is our basic v-neck, which is made out of bamboo with a little bit of rayon and spandex in it to give it that soft feel. liz: oh, i like the little airplane. -brooke: oh, very cute. -patrick: yeah, so that's kind of, like, our brand identifier, with the airplane on there. -liz: that's very cute. -patrick: thank you. liz: and what would the retail on this be? patrick: this would retail for $60. liz: okay. i like that. -brooke: very of the moment. -liz: yes. patrick: then, this is our slouch hoodie. it's longer in the back, shorter in the front. we like to do a couple things that make it more versatile to give it more value. the coo

thanks as well to members of congress who join us: representative liz cheney. thanks, liz. chris collins. thanks, chris. dan crenshaw. tom reed. thank you. thank you, tom. i see you over there, tom. thank you very much. joining david for this special ceremony is his wife deanna and three children, evan, ayden, and vivienne, along with his mother marilyn, and his brothers daniel and rand. i want to thank you all for being here. a very special day for you and for all of us. for the nation, actually. thank you. david's father william passed away in 2017. and though he's no longer with us, we know that today he must be one of those proud dads. he's looking down upon us from heaven, and he's very proud of his son and his son's family.

and thanks as well to members of congress who join us, representative liz cheney. thanks, liz. chris collins. thanks, chris. dan crenshaw, tom reed. thank you. thank you, tom. i see you over there. thank you. joining david for this special ceremony are his wife, deanna and three children, evan, aden and vivian. along with his mother, marilyn and his brothers daniel and rand. i want to thank you all for being here, a special day for you and for all of us. for the nation actually. [applause] david's father, william, passed away in 2017. though he's no longer with us, we know that today he must be one of those proud dads. he's looking down upon us from heaven. he's very proud of his son and

thanks as well to members of congress to join us, representative liz cheney. thanks, liz. chris collins. dan crenshaw. tom reed. thank you, tom. i see you over there. joining david for this special ceremony are his wife, deanna, and three children, evan, aidan, and vivian, along with his mother marilyn and his brothers daniel iran. i want to thank you all for being here. [applause] father,ump: david's william, passed away in 2017. we know that today he must be one of those proud dads.

liz: u.s.an's lifeline. now going after petrochemicals is a new, entirely new ballgame. this was iran's last lifeline. this is what is supporting its quote resistance. why is the treasury department doing it, administration? because petrochemical companies in iran support the revolutionary guard. this is a direct hit at -- ashley: we have sanctions on the oil exports. now this is tightening, strangling -- liz: petrochemicals now. ashley: interesting stuff, emac. thank you very much. let's talk real estate. now this, 30-year mortgage rate dipped to 3.82%, despite the low rates, we're having a hard time getting home sales going. maybe the refi market, refinancing at such low rates may be a way to go. let's bring in noble black, douglas elliman real estate. thanks for joining us. >> thank you. ashley: we'll go to the refi story, does it make sentence to refinance at these rates? >> for a lot of people it does. rates at lowest rate in two years, getting lower to the lowest rates they have ever been

thanks as well to members of congress who join us, representative liz cheney, thanks, liz. chris collins. thanks, chris. dan crenshaw. tom reid, thank you. i see you over there, tom. thank you very much. >> joining david for this special ceremony, for his wife deanna and three children. evan aidan and vivian, along with his mother marilyn and his brothers daniel and rand, i want to thank you all for being here. special day for you and all of us for the nation, actually. david's father william passed away in 2017, and though he's no longer with us, we know that today he must be one of those proud dads. he's looking down upon us from heaven and he's very proud of

what does liz cheney say now? >> "firing lineth wiargaret hoover" is made possible by... additial funding is provided by... corporate funding isrovided by... >> representative liz cheney, welcome to "firing line." >> great to be here, margaret. thank you for having me. ght.t's a de you came to prominence i think first this country defending your dad, vice president dick cheney's reputation in the context of the obama administration. but you yoself had served in the state department in the bush administration. u have also followed you father's footsteps to the house of representatives, where you have the same job that he d as conference chair. >> yeah. >> which makes you the highest-ranking republican woman in history in the house of representatives. you're also one of the party'sst ngest voices on foreign policy and national security. and it's not a theme that new to you. i delighted in discovering that you wrote your clege thesis on presidential war powers. >> we're going that far back? [ laughs ] >> tell me, as you look at the national-security position of the united st

liz. liz. liz. liz liz. liz. and a very warm welcome to you watching on since last. nobody could see coming that confession this would be that profile in this particular case the false look at birch. had any interest geisha out there what bill c. is for a promise threat promise threat why a lie a lie the process of interrogation is designed to put people in just that frame of mind make the most comfortable makes them want to get out and don't take no for an answer don't accept their denials she said it forwards. say on the statement that i would be home by the next day there's a culture on the countability a police officer's job that they could be good at misconduct that has nothing to do with all the. clone of welcome to worlds apart there are few things more polarizing in education than standardized testing has no divided teachers into those who believe it leads to substandard educational results and those who see that as the means of providing not just the quality but also the quality of education but this some groups of students consistently batted down now they

we heard it from liz ann i agree with it.o when you're in that situation, i think you have limited arrows in your quiver, you can't just throw it as a nod to the market. >> thank you, steve. >> sh have a good weekend. >>> let's get to headlines with sue herera. >> i'm on vacation. >> going fishing >> all right here's your news update at this hour, everybody. thousands of students from all across europe protesting near a coal mine in west germany, urging governments to take bolder action against climate change it comes a day after european leaders failed to agree on a plan to make the bloc's carbon neutral. >>> at least 30 people died after a fire swept through a factory producing match sticks in northern indonesia. the cause of the fire still under investigation. >>> oregon's democratic governor has authorized the state police to round up gop state senators who walked out in protest of a bill this to prevent a vote on the trade and cap energy conservation bill. opponents say that would increase the cost of fuel and injure tru

gerry: and, liz, you went through this famously 40 some years ago with president nixon.use's mind then when they were considering what were in some ways similar cases of obstruction of justice, witness tampering, that kind of stuff. what sort of standards the you would bring if you were in congress to this question of impeachment. >> well, i think the most important standard is that you can't -- the american people never accept an impeachment process that's really a gotcha process. we're going to -- we don't like the result of the last election, we're getting rid of the president come hell or high water. that'll never withstand public scrutiny and shouldn't. but you also don't need to have the results, the same standards for criminal trial. you don't need to prove the case beyond a reasonable doubt. and when we did the nixon impeachment, we said that there is no -- we don't have to meet a criminal standard. still, you need to have overwhelming evidence, and i remember how i felt in that process. when we started, by the way, we didn't know what the results were going to b

alix: liz, what do you think?good point that if we watch what happens with trade discussions for the next couple of days, if there's good news out of that, or at least we get a message that things are going well, then i don't think that there really is a need to cut rates in july. if the fed is looking at a global slowdown, and if the biggest risk to global loath -- to global growth his trade, there's no reason to cut rates in july. the market once it and is pricing it in. david: if president trump really is gaming the system with the fed on this, how does the fed react to that? do you say it is just going to , isurage him on the trade there a moral hazard going on here? the fed to main an independent position and make sure they are data dependent on economic data, not on market data come over just what jerome powell is really trying to do, but it is a very delicate dance. amy: it is so fascinating to me because it is so inextricably linked. so than any other time in the past 10 or 15 years. that's what i think is

connell: liz, thank you very much. well right to the very end stock s fighting for gains in the final moments of trading, but just coming up short as you can see the dow off 13-14 points to 26, 048 that snaps the six-day winning streak the s&p 500, and the nasdac, also both trying to fight for some gains at the end, just falling short, essentially flat really look at the nasdac down .01%, but the averages end down they can do a little bit of reconfiguring in the after-hours it will bring a five day winning streak good evening or good afternoon, everybody its been a long day i'm ashley webster in for connell mcshane. melissa: i'm melissa francis, first here is what's new at this hour. making his message to the hawk eye state president trump just touching down in nebraska, before heading to iowa where he's expected to speak this hour on renewable energy, amid the escalating trade tensions between the u.s. and china. we're going to bring you the breaking comments from the president just as soon as they happen, plus taking