tv After the Bell FOX Business July 7, 2017 4:00pm-5:00pm EDT
liz: you should go to pamplona run with the bulls because you're bullish. kevin caron, stifel-nicolaus. [closing bell rings] all three major markets end in the green. there is the closing bell. david and melissa pick it up for "after the bell." david: stocks ending a short week higher. dow closing up 92 points. happy friday, i'm david. melissa: happy friday, i'm melissa francis this is "after the bell." more on big market movers. here is what else we're covering during this very busy hour. violent clashes in germany between protesters and police. they continue into the second day. live pictures of a bonfire on the street now. certainly looks like riots. this happening today as most highly anticipated event of the g20 was you know way, president trump's first-ever face-to-face meeting with vladmir putin.
it was only supposed to last half an hour. instead it was two hours. 2:15 in fact. details what was discussed hine closed doors. we're learning hack attacks hitting nuclear facilities in the u.s. and abroad. the clues pointing to russian hackers. more on the alarming threat. david: we'll get back to that. riots in hamburg. market stocks soaring on heels of a better than expected jobs report. phil flynn at cme in chicago to tell us about commodities. first to nicole petallides on floor of new york stock exchange. nicole, the jobs numbers, they liked them. >> abs you absolutely. you saw the board with red and green. apple leading dow jones industrial average as it closes up about 93 points, moved into positive territory on heels of better than expected job growth. that really gave a boost to the
futures before we traded this morning. you saw the pop. dow finished higher and s&p 500 and what is interesting about the nasdaq, it has snapped a recent losing streak that we've seen for the nasdaq and s&p. we talked about the nasdaq. keep a keen eye on tesla, we were looking bear market territory. 20% off the june 23rd high. whether or not it would close at that level. it did not. it improved some. today up 1 1/2% out of that same zone, that correction territory. i will say there is a lot of news on tesla. that model 3 deliveries at end of the month. late but not least, samsung set to surpass apple as world's most profitable technology company. a look at apple, 144.15 for the tech stocks. melissa: nicole, thank you. oil dropping 3% for the day, 4% for the week. phil, with do you expect to see next week? will we see even lower gas prices.
that would be great. >> it would be great if you're going on a trip because gas prices will come down a bit but tell you what. this week is unbelievable. u.s. oil join terries hit -- inventory hit lowest level of the year but nobody seemed to care. people expect that to continue because we saw a big jump in the u.s. rig counts again. oil rigs up another seven after falling a week ago. so there is this perception that we're going to continue to see u.s. production rise. now even when opec basically came out and said they would put the brakes on libya, nigeria, that is one of the reason why people believe opec production cuts will not work over long term that was not you enough to get this market going down. commodities in general pot killed. look at gold and silver. they absolutely got hammered. silver lowest price of the year. bad day for commodities. back to you. >> thank you, phil.
david: markets boosted by a strong jobs report. u.s. economy posted 222,000 jobs in june, beat expectations of 119,000 you. jobs unemployment rose but that was good thing because there were more people looking for jobs. jonathan hoenig from capitalist hedge fund, a fox news contributor. steve, do you like the jobs numbers. >> it had a nice boost after a couple disappointing months. i hope that continues. david: carol, i don't want to rain on anybody's parade, but the wages were not as, were not growing as much as a lot of us would like. >> no, we still have despite a nice strong number, we still have the problem that we're not seeing that wage inflation.
i personally think that this has to do with the fact there remains a big skills gap in this country. there is a miss match who is trying to hire people and skills that those workers have to be hired. so until we come up with a framework that to solve that problem, we may not see substantial wage growth for quite some time, david. david: jonathan, that is one of the problems. is that new entries to the workforce still have a long way to go, right? >> certainly when you start raising minimum wage being done in many you municipalities around the country, david, getting into the workforce is more difficult. i don't want to rain on the parade of good numbers as we point out but why isn't the market showing leadership it needs to? you pointed out a higher close for stocks, as you pointed out but breadth are turning negative. more stocks doing better in terms of today's action. stocks moving higher, you're starting to see some weakening almost like the car is running out of gas. we'll have to see.
david: does feel that way, steve, but i love it when the market goes up as a result of good jobs numbers. that seems to me everybody rowing in the right direction you know? >> economy is showing a little greater growth, david, but all will depend as we discussed before when we get a pro-growth tax bill through congress and make it effective as soon as possible. if you don't do that you will start to sea weakening. that is why small cap stocks are under pressure. david: carol, we don't have a president that is anti-business. we don't have a president who is coming out with a brand new regulation or brand new restriction on the energy sector. that is what we would have had if hillary clinton was president. that is what we had when you obama you obama was president. >> absolutely. i think that is what has caused the optimism to lift markets to levels that they're at. if you look at valuation basis there is that expectation for continued growth. if we were going to have raising
taxes, rising taxes, if we were going to have more regulation, we wouldn't be in the scenario that we're in today. however, that being said, we shouldn't be sending a signal to congress that means that you can rest on your laurels. it just gives you that opportunity to continue to do those things, meet the expectation so that optimism can be fulfilled in terms of actions. melissa: all right. plan b for health care reform. senate majority leader mitch mcconnell is reworking the senate bill but is open to another option saying quote, if my side is unable to agree on an adequate replacement, then some kind of action with regard to the private health insurance market must occur. no act you shun is not an alternative. steve, what does that mean? code that for us. >> sounds like it came out of the kremlin. sounds like a staffer trying to say something about our education system, if they don't do a big bill they have to shore
up insurance markets so people don't have skyrocketing bills coming up, 30, 40, 50%. they have to make that go down. because if they don't, they will he get the blame, not democrats. they will do short term you subsidies, even though conservatives will gag. they don't want more sticker shock in the insurance market. melissa: carol, it sounds like transfir of your and my dollars to insurance companies that is not good. >> i know you're not happy about it, melissa. melissa: no. >> we do need to take somewhat of a practical approach. does not seem that congress will do the things that you and i think are completely common sense. i do think if something has to be done we have to make sure everybody retains the coverage. as you i said before, it has to equal care and good care. you i know a lot of people, including small business owners, people who work really hard with skyrocketing premiums. that is not leading to coverage for them. they go to the doctor, and they find out they're not actually even getting any coverage. so they have to pay more out of pocket.
that is going to put drag on the economy and we do need to shore that up as quickly as possible. melissa: jonathan. >> the gop is ushering in single-payer care, melissa. they have given in to the premise you have a right to health care in this country. they're not talking about repeal and replacing as they talked about for better part of seven years. they will tinker around with obamacare. eight years ago issue was getting government out of health care. you now the gop is debating how to make government better work within health care that is a. melissa: that is nice cameo for david. david: i will stick with the profile. anyway you will taxes be easier than health care all the business in politics? billionaire investor mark mobius has high hopes for health care reform. >> i don't think health reform will come easy. it may not happen. i think tax reform will take place before the end of the year. i believe that is something quite possible. >> they want to lower taxes regardless. >> exactly.
>> do you think that moves economic growth? >> definitely. that combined with reduction of bureaucracy and impediments to growth within the small and medium sector, there is very important. david: steve from his lips to god's ears, right. >> absolutely, david. and i think the republicans do realize if they don't get a big tax cut you through, they will be in very, very bad shape next year. what i think will end up happening, despite all this happy talk now, instead of comprehensive tax reform, they're going to discover they will have to go with what reagan did 35 years ago, across the board income tax rates and leave massive tax reform for future. they have to get something done. the clock is running out. david: jonathan, that wouldn't be such a bad thing. as you i remember, i think it was 1984, '84, '85, steve would remember, we had 7 or 8% growth as a result. wasn't it 8%, steve. >> it was over 7%. federal reserve started to get
nervous because they thought we were going too fast. david: that was with minor tax cut we had 7% growth rate. so that could really help. >> but some major deregulation, to steve's point loosening up this economy. from our practitioners perspective, david, us here on the ground trying to earn money, the sense you've got presidency, both houses of congress, impress us! do something, wow us with a tax cut. now is the time. if republicans ever want to be remembered for cutting taxes you now is the time. don't disappoint. david: carol, don't get bogged down with that cbo statistic based on tick analysis that never coincides with reality. >> forecasters in terms of economics are as good as forecasters in terms of weather. for people like jonathan and i who live in illinois saw our taxes gone up 5% in the state. we need help to offset that.
we have amazing opportunity for them to put tax reform first. even if they break it up, get a win on the board. it will increase momentum. help them get other things done. david: carol, i'm from new york. steve is from new jersey. we need help too. not only you folks in illinois. believe us. steve, carol, jonathan, have a wonderful weekend. >> thanks, david. melissa: plugging the leaks, the president using new tactics to smoke outsources sharing sensitive intelligence with the media. david: there is a police shooting in the bronx. a commuter train nightmare at penn station, some big issues plaguing the big apple this week, why, why in the lord's name is new york's mayor in germany, leading an anti-capitalist protest? more on this remarkable story that is sparking outrage in new york. melissa: and the meetings of two superpowers, the world has been waiting for. details what was you discussed behind closed doors when president trump sat down with vladmir putin for the first time. >> we look forward to a lot of
positive things happening, for russia, for the united states and for everybody in -- >> i'm delighted to be able to meet you personally, mr. president and i hope as you said our meeting will yield positive results. dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia
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david: two of the world's most powerful men sitting down together first time in a long time. president donald trump and russia's vladmir putin speaking together in a bilateral meeting at the g20 summit in hamburg amid tensions with the media. blake burman is in hamburg. have they let you outside of your hotel room yet? reporter: we're in here.
we have food, ac, have no complaints especially what is behind us here. so pretty big meeting today you just described. you vladmir putin denied that the, that his country, russia had meddled in the u.s. election. it was very first topic that president trump brought up in the meeting. that is according to secretary of state rex tillerson just one of six people involved in that meeting. the president, put you put, tillerson, counterpart and two translators. here is how tillerson relayed how he brought up the whole topic today. >> the president at this point, he pressed him, he felt like at this point, let's talk about how we go forward. i think that was the right place to spend our time instead of spending a lot of time having a disagreement. reporter: tillerson said the
meeting between the president and vladmir putin was very constructive. the meeting was scheduled to last 30 minutes. it wound up going 130 minutes, north of two hours. tillerson at one point somebody sent melania trump into the meeting to break it up. that apparently did not work, but tillerson the two, or six of them ended up being inside of the room for an exha hour after that. by the way, david and melissa, big news that came from the meeting, cease-fire brokered in southwest part of syria, brokered by jordan, u.s. and russia. david? david: good thing. i love melania, they were so intense even melania walking in couldn't break it up. unbelievable. blake burman, thank you very much. reporter: i was saying at inner right now she is seated next to vladmir putin. david: interesting. geography is important. blake, thank you. melissa. melissa: let's bring in former u.s. spokesperson to the united
nation and fox news contributor ric grenell. what do you make of the progress we saw come out of this meeting? do you consider it progress? >> i would say big progress, going into this meeting there was a talk of handshakes and first putin-trump meeting but the substance needed to focus on syria and north korea. those are two issues. clearly we have news and diplomatic breakthroughs on both fronts. as blake said, we have this semblance of a cease-fire. i know we had this talk before but it looks like one will start on sunday, a cease-fire inside of syria. that is a really, a remarkable actually, after all that we've been through, if we can get a cease-fire to hold, that is going to be big news. on the other front on north korea, something that is not talked about too much, is the fact that secretary mnuchin, our treasury secretary, signaled that sanctions were, while he signaled that during his
economic meetings that north korea was discussed. now reading between the lines here, that means sanctions were discussed. when treasury takes the lead on something like this, that means unilateral sanctions. if it was multilateral sanctions it would be state department taking the lead or mission to the u.n., but the fact that secretary mnuchin was talking about north korea in necessary meetings, possibly we'll have unilateral sanctions and maybe try to get the europeans to to along with us. melissa: that doesn't sound good? >> look, from a diplomat standpoint i think it sounds amazing, what is better, we'll avoid military action. we'll avoid war. that is what we want to do. but you're right, it is not without pain. the economy both in the united states and china, wherever sanctions are implemented, it is not going to be without some sort of measure of, of a problem for the business community. but, you can't expect something less.
if we have a threat from north korea, we'll not get out of this too easily. melissa: do you think sanctions are enough to press them? we certainly tried that in the past. it is a regime that doesn't mind starving its own people. i mean it just, forgive me for not feeling hopeful about that. >> no, you're right, it's a great question. i'm not a fan of unilateral sanctions, except in the case of banking sanctions. that is kind of the mother of all sanctions. "we are the"we are the world"'sl banking economy. most of the world touch as bank some way. if the united states goes it alone to have banking sanctions that will be pretty severe. especially if we do sanctions on companies, not countries. you can sanction company a but immediately company b will start utilizing the you know the get around. so you really got to up it and go to a country.
i'm all for doing banking sanctions on china until they help us with this terrible threat in north korea. look, north are cree has had 11 missile tests this year alone. it's a serious threat. melissa: ric grenell. thank you. david: well, an alleged terrorist getting a big pay day and an apology, but thankfully not from the u.s. why canada is now shelling out millions of dollars to a former guantanamo detainee. a new warning from the department of homeland security. how talk clear power plant in the u.s. are now being targeted.
mike, i say it is terrorists because i can't think of who else would want to get in there, who would want to do us damage unless it is north korea, right? >> well, no, it could be state-sponsored actors. could be russia, could be china, could be iran, could be north korea. that is frankly more likely. persistent threat, hackers that have government backing, you know, terrorists of course, yes, they, electric utilities, nuclear power plants obviously pose an attractive target but likelihood is, they have not, really identified yet through the forensic work, digital fingerprint, they have not identified who carried out the latest attacks, but likely going to be some state-sponsoredded effort. david: they couldn't cause a melt-down of nuclear power plant, right? the worst damage they could probably do is to shut the thing off? >> well, yes, the good news is that the systems at a nuclear
power plant are not the sames as systems in your office and corporate environment. meaning that you have your business computers. computers that handle admin, hr, and things, electric utility that runs a nuclear power plant. but you have physical controls, those systems. there is a gap. there is referred to as an air gap in between those systems. you don't have the connectivity with the internet. it makes it far more difficult for hackers to penetrate the system, to control physically what is going on inside of a nuclear power plant. the threat can be overblown, at top line, 30,000-foot, this is where, frankly a lot of people believe the next serious war will be fought is in cyberspace. david: yeah. >> any probing of critical infrastructure such as nuclear power plant kind of foretells what could be happening. they could be mapping out the networks. david: mike, i want to switch topics because intel officials are beginning to tighten thes into around a lot of sensitive
information to no leaks. this administration is trying to clean up that mess, right? >> well, yes, i love this, i love this topic. you have a lot of angst from people saying i don't have access is to the administration so i can't leak. there is a lot of concern over this. david: exactly. >> if you're responsible for classified information, keep your yap shut. all those people bee moaning the administration and obama administration aggressively went after leakers, but those with need to know or classified information, who cares. don't get your knickers in a twist. grow up. david: they're upset because they can't break the law, too bad. to my point, i don't know whether the obama administration
was that concerned. maybe they were concerned but certainly didn't do anything like this administration in terms of trying to tighten access to information. poster-child is this woman reality winner, 25-year-old contract worker who was able to leak sensitive intel from the nsa. i mean, what is she doing with sensitive, valuable information and leaking it? people like that should never have access. >> well that is a story, there is very, there is a lot of layers to this, right. there is lot of motivations why people leak information. in the situation you're referring to with this reality winner, that is a failure of background checking. that is a failure of vetting. that is a failure of due diligence. meaning once she got her tickets, her clearances to access and to be responsible for classified information, that process should continue. and tip heally it does. typically they have, a renewal process. they will go back and review. but all you have to do is tighten that up.
and the social media, if there had been a consists tent reviewing of her social media would have spotted this. david: she hates trump. she loved bernie sanders, et cetera. but she was very vocal about it. bottom line is, now it is going to be much easier to catch leakers because of fewer, smaller universe of individuals will have access to that information. so it makes it easier to track down suspects. we have to leave it at that mike baker, good to see you my friend. thank you very much. melissa. >> thank you, david. melissa: a former guantanamo bay detainee who pled guilty to killing a u.s. soldner afghanistan has been given nearly $8 million an apology from canada. omar khadr sued the canadian government not protecting his citizenship by giving information to the u.s. and he won. amazing. david: it could have happened here. luckily was in canada.
protests in germany going violent. preparing for another day of high-profile meetings. what can we expect from the president's meeting with china's president xi and it is failure to keep north korea in check? >> this is a diplomatically led international effort to stop a worldwide threat that they are bringing to bear. ♪
melissa: protests outside of the g20 summit trying to create chaos for the second day with anti-capitalist demonstrators looking to disrupt the gatherings of word leaders. greg palkot is in hamburg, germany with more. greg this. reporter: we're just blocks away from the g went meetings of leaders and there is fighting or at least skirmishing in the streets. it's a little bit of a lull. i asked my cameraman mal james to tell you what we see. protesters and police gathered as well as water cannon truck which has been doing battle with the protesters. we have seen the water cannon in operation. pepper spray being shot out by police as activists throw rocks, throw bottles and there are injuries. the police say that 160 of their officers have been hurt in the last two days of battle. there has been a couple of dozen civilians hurt. we saw one go down. at least, a couple of dozen arrested. it is something like 100,000
protesters out here in the streets of hamburg. at one time or another, there is just a small group, militants that are doing the damage. they have been battling with 20,000 police. the police say they need more help. they need more reinforcements, but they do say that the g20 talks have gone on pretty much undisturbed. first lady medical -- melania trump had to stay inside because it was so intense on street. from we hear going on, tonight could be as dangerous as tricky as we saw last night. back to you. melissa: greg palkot, thank you. david: president trump set to face-to-face with world leaders tomorrow. we have the first of all, ambassador what you see happening in hamberg, a lot of people said angela merkel
whether she was having this meeting there, that is where a lot of radicals are based. between there and cope hen hague again. radical contingent of protest movement in europe is based there. you think she did that knowing that? >> she knew hamberg would be a problem. i spent nine years in germany. this is endemic in german postwar society. they can not deal with protesters if they claim a political cause. it embarrassed her. cast a pall over this meeting. in emrespects it played to donald trump. last time in the europe with the g7, they attacking him for being american and having attitudes they didn't like. this time the europeans look week. david: it doesn't necessarily
mean you abandon your allies. seems that some european leaders are beginning to get that. angela merkel's sort of immediate rejection of that, not only the actual phrase but the symbol behind the phrase or the actions behind the phrase was perhaps a little overwrought? >> absolutely. germany again is special. merkel is a friend of america's but she is facing election with a challenger from the left. so she has to be careful how close she comes to donald trump. but the french president is trying to work with america, as obviously is british prime minister. and look at the 12 countries that met in poland with president trump. that was really a, huge success for the president. david: eastern europeans love him, clearly. interesting you mention the french president. at first everybody thought the french they will hate donald trump more than anybody. now the new french president macron apparently has warmed up to donald trump. they have a new relationship. i understand that french jets are going to be accompanying
u.s. fighters as they go over the skies of syria. and the french press, it may seem like window-dressing. he inyou sited donald trump to celebrate bastille day, which is july 14th. and he is going! >> at the end of the day there are differences in climate and trade, and trade-in particular is important, america's key role in the world is run a global security, collective security regime. david: bingo. >> donald trump is inseeing up to that. he did a deal just today with the russians over syria. he is raised ukraine. he stressed very strongly in poland his support for nato. and very he wisely said not just with words, but with actions. you have thousands of troops pouring into eastern europe over past few years. they need us in a very uncertain time. david: there is the new energy deal with eastern europe which could take away the threatening
factor that russia has held over the eastern europeans particularly. i want to move on to china though, president trump is expected to meet with china's xi jinping in the summit tomorrow. we talked about trade and energy. there is question of energy of china increasing trade rather dramatically with north korea at exactly the time that they claim they were going to cut back on that trade. 40% increase in the first six months of this year. how does trump deal with that? >> this is a learning process for him as it was for his three predecessors. he is learning faster i think and i think partially because the threat is greater with intercontinental ballistic missile now in the hands of the north koreans. essentially china is not a country that worries about collapse after north korea and all other things experts suppose i hadly talk about. china thinks north korea is just great to put america under
pressure. china has no interest in pressuring north korea to stand down on its nuclear weapons programs. that is the underlying problem. neil: by the way, there was kind of a mini-summit today at the concert with beethoven's ninth symphony playing in the background. president trump, right behind him the president of china, xi. right next to melania, the south korean president moon. they were all -- sometimes at conferences, one of the good things about these conferences you have little minute my meetings which people get deals done, no? >> absolutely. you make progress both in the main meetings and then you follow up, off to the side at cocktails. off to the side at cultural events. this is all good, that this is happening. and way it is happening minus protests. david: ambassador james jeffrey. great to see you. please come again. melissa. melissa: u.s. authorities looking to crack down on big
banks with their connection to north korea. court records revealing prosecutors are trying to seize millions of dollars in illegal funds. citigroup, bank of america, jpmorgan chase, hsbc, wells fargo, deutsche bank, standard chartered, bank of new york mellon reportedly made more than $700 million in illicit transaction with the rogue nation since 2009. david: hit them where it hurts. melissa: in the pocketbook. david: a new warning for the economy. how growing health crisis in the u.s. is draining america's workforce. there may be no reason to fear those job killing robots after all. melissa: what? david: why robots could end up being a friend of the american worker. ♪ you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car?
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test of thad system in coming days. the thad system is deployed in south korea as tensions with its neighbor north korea, get, well even more elevated. david: yeah. meanwhile robots continue to change the game. american workers are trying adapt to automation, help businesses compete all over the globe. jonathan serrie in atlanta with details. jonathan we've been told over the years that robots mean less jobs for people. maybe not. reporter: not necessarily. over the years we all heard the doom and gloom that robots will replace that job you're doing. more optimistic groups said no, robots will make u.s. manufacturing so efficient it can compete with foreign labor and bring manufacturing back to u.s. shores. but one thing that these two groups are agreeing on is that the nature of u.s. manufacturing jobs is going to change. these jobs will become more
high-skilled and more high-tech. as president trump seeks to reinvigorate u.s. manufacturing, he robots may be the efficient way for american factories to compete with cheap labor overseas. what does that mean for workers here? >> we think robotics have a positive impact on u.s. manufacturing by grating better, safer, higher paying jobs for american workers. reporter: according to a trade group, a-3, u.s. companies added 136,000 robots to factory floors over past seven years while creating 894,000 manufacturing jobs. >> we still have to have someone to operate the robot. we have to have someone to program the robot. someone to work on it. reporter: rick moroney runs a robotic technology park in alabama. it trains tech workers for free. >> our job to make sure all alabama companies have best workforce as possible. >> i group in a blue-collar company.
reporter: he teaches kids in programing as basic skill. not just for silicon valley but for the factory floor. >> like a blue-collar job, something you learn over time. you start with it, but get better at the craft over all. the jobs these kids are doing won't even exist yet. reporter: scott's program is calling start code. the skills are in high demand. the trade group. a-3, reports that 80% of manufacturers saying they're having a hard time finding qualified applicants for skilled production positions, david. david: we hear so that much. jonathan, thank you so much. melissa. melissa: opioid addiction prices hitting our economy. recent study out of goldman sachss one key factor men of prime working age or unable or unwilling to find work is because of opioid abuse, shrinking labor force participation. this growing epidemic kills more than 90 americans ever day. david, i had no idea the number was that huge.
david: it is exploding, it is exploding in very bad way. meanwhile protesting jobs. not what you expect the mayor of our country's biggest city to be doing. melissa: no. david: he is getting out of town and leading an anti-capitalist, anti-jobs resistance movement at the g20 summit. get that. melissa: perfect. ♪ it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia introducing the new sleep number 360™ smart bed. the only bed smart enough to change
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melissa: joining the resistance. new york city mayor bill de blasio defending his decision to join anti-capitalist protesters and rioters at the g20 summit just one day after an nypd cop was assassinated in the bronx. here is michael balboni, former director of homeland security for new york state. so many people are outraged about this.
it is really incredible. he missed the morning of an officer here in new york. it was mother of 12-year-old twins. she is laid to rest being shot on the job, assassinated. he flees and goes overseas to join these protesters, rioters as it were, more than within hundred cops are injured by rioters in germany. the optics behind this and sentiment, what does it say? >> he is running for re-election. huge transit issue in addition all things you're talking about. how does the g20 help him with issues dealing with the city. more importantly, probably the biggest question, if i am the mayor of a city in germany, i see another mayor of another municipality come over here part of this resistance, i certainly expect that mayor, by the way, violence is wrong. stop what you're doing. it will be interesting to see if he is going to say that,
particularly this type against the backdrop as you mentioned a police officer assassinated and city frankly still has a lot of tensions, results in the constant terror threats. melissa: he also, he didn't attend the swearing-in ceremony of entire new class of nypd officers who were out there risking their lives in order to keep our city, his city safe. they're being sworn in the wake of what happened to a fellow officer, i mean that has to give them pause. they look at someone being assassinated, rather than standing there, he is overas, as a speaker in front of this group who is out there, causing damage, creating violence, wearing masks, wielding sticks, throwing bottles, throwing stones at law enforcement. he is joining people throwing stones at law enforcement in another country. it really is, says a lot. it is not an accident.
how would law enforcement officers, how do they feel about that here? >> imagery matters. you're standing in front of a new class of officers every day will put on a gun and badge, to go out and protect random people in his city. that matters. this is being a part, any part of this violent resistance, and another part of the world, sends another message that are you going to condone it? is it okay? will you look the wrong way on that? what is he going to say when he comes back? that is what i want to hear. what did you accomplish for the city of new york and its citizens in terms of their safety being at the g20. melissa: with could he possibly say about that? >> not really anti-capitalism, that is ironic wall street here in the city of new york. he can't be a anti-capitalist. he is talking about inequities of world being driven by economic policies of the g20. okay, that is his perspective
but as leader of a major city here in the united states, perhaps he has ability to weigh in on that. how does that affect this city at this time? he is sitting for re-election in couple months. melissa: yeah. he is not doing his own job. i mean it is incredible to me. michael, thank you. >> you're welcome. melissa: david. david: our sand sandinista mayo. you merv guess how much americans are spending on summer vacation this is year. ♪
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i hawhen i think about beingght trelated to thomas jefferson,. it certainly makes me feel a sense of pride the tenacity of not only that he showed in his life but was given to me through the slaves that i'm birthed through as well. it makes me think that there's really no excuse for me in any area of my life to not be able to conquer anything. ♪ . >> americans will spend over $100 billion this summer on vacations. >> this is up 12% from last year. reasons vary from positive outlook to cheaper gas prices and if you're not on vacation or if you're on vacation, you can join me for a live edition,
the cost of freedom, that's tomorrow at 10:00 a.m. eastern time on fox news. i don't think we've ever had a summer as chock-full of news as this summer. >> it's really true. that does it for us. "risk & reward" starts right now. . >> we're going to win so much, you may get tired of winning, and you'll say please, please, it's too much winning. we can't take it anymore. mr. president, it's too much. and i'll say no, it isn't. we have to keep winning, we have to win more! >> remember hearing all the fears of economic slowdown, all over the media earlier this year, maybe it's premature. another jobs report beats wall street estimates bigtime as president trump meets for the very first time as president with russian leader vladimir putin at the g20 summit in germany. welcome to "risk & reward" i'm liz macdonald in for deirdre bolton. first more on the strong