tv After the Bell FOX Business July 14, 2017 4:00pm-5:00pm EDT
keep it coming, folks. there is the closing bell. melissa francis and connell mcshane. we get to witness once again all-time record close for the dow. [closing bell rings] will it be one for the s&p 500? let me see. 2548. looks like it guys. have a great weekend. melissa: what a way to end the week. another record day on wall street. the dow surging to end up 86 points. that is more than 21,630. all right, s&p 500 also setting a brand new record high. all three ending positive for the week. i'm melissa francis. connell: yes you are. i'm connell mcshane. good to be with you again for david asman one more day on "after the bell." more on what is driving the markets to these new records. here else what we're covering should be a very busy hour. president trump putting pressure on republican senators tweeting they must come through for the american people.
the health care bill though seems to be at this point happening on by a thread with growing number of holdouts ahead of the vote next week. we have live update from capitol hill where things stand right now. it has been exactly two years, meantime, since the iran nuclear deal went into effect. what changed between now and then? we'll hear from the state department on that. jpmorgan ceo jamie dimon is fed up with the government gridlock. he is not going to take it anymore says jamie dimon! a heated conference call this morning and reaction to it, from "forbes" media chairman, steve forbes. melissa: back to record new highs. dow with a the third record in a row. nicole petallides on floor of the new york stock exchange. what is fueling these new records? >> everyone is loving it, 401(k)s, iras, new records go for it. up 86 points. what fueled reports on retail
sales and inflation. it said the fed may or may not raise those rates at end of the year. it may hold, not raise them. that ultimately gave a boost to the market. saw pains -- gains across the board. dow gained 85 and s&p 500 up 11. there is a look at the nasdaq. all three intoday zoos up two weeks in a row. jpmorgan comes in with record earnings. did very well on consumer loans. that is nice for the economy. that is a good boost. pnc and wells fargo gained. pnc came under pressure. john malone's liberty media, they may be investing in print, 10, 10 to $20 billion. with that talk, it gave a boost to sprint. melissa: i can't believe with new record banks would end lower.
you have to like banks if you like the market. nicole, thank you. it has been a huge week for oil, ending up more than five%, near two week high. getting a boost today from the u.s. dollar which fell to a 10-month low. charles: all part of the bigger picture. with stocks soaring to new highs nicole is talking about, one big name in investing world jim grant, who has been sending up investing flags. listen. >> there is more risk than rewarded in this market with stocks at current levels are worrisomely high. interest rates are absurdly low. we are unreasonably complacent with respect to the capacities and judgment of the federal reserve system and central banks generally. and i say, that now is a great time not to be caught up in the crowd which has to invest as if by compulsion. connell: ah-ha. with us forbes media chairman,
steve forbes. former investment banker carol roth. carol, let me start with you on this, question of valuation mr. grant brings up. what do you think? >> i'm a fan of jim's, i think he makes a lot of fair point. if you think about valuation is a benchmark for growth. obviously we've had a lot of expectations that we'll have an environment that support the growth and support expanding multiples and higher valuations. that being said, with the fed, not being certain where they're going to go, having them to unwind their balance sheet not knowing how that is going to work out, also having congress not being very clear about things like tax reform and health care reform, that could be a catalyst to the growth, i think there is some concern that we end up in that 1 1/2 to 2% that we've been seeing instead of three or 4%, would really support expanding valuations. certainly there is some level of risk versus the opportunity for more rewarded. connell: one the things he said
in that "wall street week" interview that will air in its entirety this evening don't get caught up with the crowd which can be good advice. watching today it is easy to get caught up in something. sometimes the crowd is right. what do you think of the environment? >> well the environment is anticipating still the congress will get a good tax bill through by the end of the year. connell: right. >> if that doesn't happen you will see a real hit. the market would take a real hit if we end up getting in a trade dispute with europe and asia, getting in a trade war. that would blow the market up. there are uncertainties out there. some good things are happening. deregulation moving ahead. not very glamorous, very important for small businesses. you're seeing i think the white house very determined, i don't know what will happen on health care, they know, both sides, congress and the white house, if they don't get a big tax cut through they're toast next year in these elections. melissa: jpmorgan ceo jamie dimon fired up slamming
washington gridlock in his earnings call this morning, listen. >> in spite of gridlock we grow at 1 1/2 or 2%. i don't buy the argument that we're relgated to this forever. we're not. if this administration can make break lues in taxes, infrastructure, regulatory reform, we have become the most bureaucratic, litigious societies on the planet. almost embarassment being american citizen traveling around the world listeningingino the stupid [bleep] we have to around this country. at one point we don't get our act together to do what we need to do for average americans. melissa: steve forbes what do you think. >> i loved it and said about lending in the conference call. regulations deprived the economy of $2 trillion in loans last five years. what that has done to small and new businesses. in terms of the infrastructure, one of the critical things i think the administration, the trump administration is recognizing they have to attach
legislation that "cheers" away on stack cans to building this infrastructure. clears away. you don't have crazy things like california taking 15 years to build a desalination plant, 1/3 size of what israelis do in three or four years. melissa: carol, shut up about all this other garbage going on what he is saying. all this other nonsense. focus on regulatory reform, tax reform, health care, infrastructure. get done what we need to get done for the average people and stop getting distracted by all the nonsense! yes? >> i am praying at the church of jamie dimon. melissa: amen. >> give that one a amen, million listsa absolutely. the average american, small businesses in this country they do not care about the sideshow. they want to have the environment that fosters growth. and what we need to understand is that incentives create growth.
penalties detract from growth. this is very simple and easy to understand for every american. somehow congress and political people that wan to play the sport can't seem to get their heads around it. we need to focus on more policy, deregulation, tax reform, all those things that create incentive. melissa: amen, yes. connell: one of those items health care. senate republicans released new revisions to their bill. with some senators in their own party fighting the legislation and multiple versions of the health care bill now circulating around in washington, there are obviously is still work to be done. so on a friday afternoon check in with mike emanuel from fox news who joins us from his perch on capitol hill. what is the latest, mike? reporter: connell, good afternoon to you. there sin tense pressure to get this done after telling voters said they would get rid of obamacare. president trump applying pressure on his own writing,
after all the years suffering on obamacare, republican senators must come through as they promised. republican senators are studying the revised legislation to see if they support it. >> what the american people want right now, we're all doing our due diligence. we're reviewing the document, the new bill and we're working hard to get to yes, that's for sure. reporter: part of the heart burn for senate republican leaders is two of their own have he defected. maine senator susan collins and kentucky senator rand paul for their individual reasons. bottom line, they have their concerns. if one more republican senator says no, the bill would be stuck again. some senators to watch, nevada's dean heller who isp for re-election next year in a state won by hillary clinton. ohio's rob portman, west begin yeahs shelley moore capito who expressed concerns about medicaid funding in this bill. democrats are picking apart the legislation, including a
provision from conservative texas senator ted cruz which would allow people to buy cheaper plans, less coverage, that is what they want. a top democrat blasted that piece which is popular with conservatives. >> they caved to the most extreme members of their caucus and included the cruz-lee provision, would put insurance companies back in charge to sell junk plans that don't cover what people actually need. reporter: this health care reform effort is on edge right now. one more republican no, and it is back to the drawing board. connell? connell: mike, thanks. good summary, mike emanuel live from capitol hill for us. melissa. melissa: steve forbes, that quote we just heard junk plans that don't sell what people actually need, i want to reach through the camera and strangle her. connell: uh-oh. melissa: of course, when you have people, you know, who are in their 80s buying birth control, it kind of, super
plans, we've gone down the road of knowing that we don't need all of this insurance for everybody. she stands there and says that. are you as outraged as i am? >> yes. i don't need pregnancy services, thank you very much. the idea that the american people are too stupid to be able to buy their own health care plans. they buy their own food, clothes, home insurance and things like that, hey, when it comes to that the bureaucrats have to tell you what to do. that cruz provision is very, very important in getting back a viable, cheap health care market where you have low premiums, good catastrophic coverage. melissa: yeah. >> rand paul, senator from kentucky, i hope he realizes that by being mr. no, that means the representative of the republicans have to make more concessions to the more moderate wing of the party and have to water down the bill even more. so come on, rand paul, get on board. realize rome wasn't built in a day to use the cliche. you will not repass health care in one bill. it will be a process. get with it.
melissa: carol, better is better. ran paul will stand off to the side because he wants perfect. nothing ever will happen. it is frustrating to watch. >> it certainly is frustrating. i want to go back to the point about the junk health plans for a second. melissa: yeah. >> i hate to say, there are junk health plans out there today. if she doesn't he think that is what we have right now under the non-affordable, non-care act that is what is going on. i think what senator cruz is trying to say incredibly important we need more transparency in the system. if people have understanding how much things cost, have more choice, able to make those choice, that is where competition happens. that is what lowers costs. and that is a good thing for everyone. so i'm on board with something like that. connell: we'll move on, tack about another big story of the day although i have been careful to vote steve forbes is a no on pregnancy services. who knew that would come up today right?
amazon's stock up over one this dollars -- $1000 be careful what you tell alexa. amazon is considering granting app developers access to transcripts of your conversation with the alexa powered devices, amazon echo. melissa: you knew that was coming. connell: ashley webster has been monitoring from the newsroom. this a true story, echo or little do the things in my office. i asked alexa about the story earlier. she told me she did not have any information on it. i accused her of lying. things got ugly. that is what happened. it is pretty interesting, right? >> there is another source that is gone, right? listen, connell, everything you ask alexa is recorded. the voice recording. so every time connell mcshane where can i get cheapest wine on daily basis that is recorded. not only is it stored on the device, it is also stored in the cloud in storage. so it's there.
the question is, does amazon share that with the developers of each app that you use through the echo system? right now they don't. what they do share is some of the metrics. so app developers can see by numbers who is using their app and what are they ordering but it is all anonymous. however there are reports out there indeed amazon is looking into expanding its data sharing. that would include transcripts of everything you say to a lexsa amazon promises anonymity. this is not going to happen. we didn't just ask alexa. we called the company. they said they won't comment on rumors and speculation but they did say they do not share identifiable customer information. then they went on to say, developers have access to a none mizeed data, around skilled usage, being the app, in order to improve the customer experience for their skill, their use.
we do not share audio recordings with developers. question in the future will they provide transcripts of those recordings. be sure when you bring alexa in the house there, is someone in the house recording, as soon as you wake alexa up, she is recording what you're saying and what you are ordering. you can use the alexa app on smartphone and tablet. go to settings. go to recordings. go to history you can delete it all out. amazon says when you do that alexa will not be quite as smart when you deal with her next time. bottom line every interaction you had with alexa is making her smarter in her knowledge about you. connell mcshane and others. connell: people like you and i have nothing to hide. we're not as worried but for others there are information. there are wider concerns and new concerns about amazon generally speaking about the idea the company is plain and simply becoming too big and the government might get involved in all of this.
doug kass, hedge fund manage are revealing, i am shorting amazon today because i have learned that there are currently earnings discussion and due diligence considered in the legislative chambers in washington, d.c., with regard to possible antitrust opposition to amazon's business practices. pricing strategy, and expansion announcements that have already been made. steve, quick on this, what do you think of that idea? we heard it before that amazon is just too big. is there anything to it? >> well the 12th largest company in the country in terms of revenue. that is really one sign of success, when you get in this country the politicians want to have a piece of it to get involved and it is a danger. i'm old enough when ibm was gobbling up the world, gm would take over the world. stay back and let the thing play out. i tell my grandson, two years old, be careful what you say.
it may hurt his college chances. connell: be careful of that. steve, thank you. both of you. we appreciate it. melissa: a terrorist used a truck to mow down 86 people, include two americans. that was within year ago today. a look how security in america has changed after this horrific event in france. connell: former vice president al gore has been comparing the climate change battle to some of the greatest struggles in the history of humanity like slavery, for example. melissa: what? connell: more coming up. melissa: new details who was in that meeting with the russian attorney and donald trump, jr. it seems like everyone was in the meeting including connell. connell: no. melissa: another name coming to light as the white house tries to focus. he wasn't there. at least he hasn't said so he yet. >> people are telling pollsters everywhere move on. i want to hear about the issues. ♪ ♪ ♪
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connell: to the white house, and investigations surrounding possible collusion between members of the trump administration and the kremlin certainly a major distraction in d.c., with done, jr., the president's son. what is the latest on this story, adam? reporter: fox news is reporting there were as many as eight people in the meeting. some have not been identified. one of them the person who is headline today identified as a dual citizen, u.s. of russia, served in the soviet military was identified by chuck grassley as intelligence operative in letter back in april. this is raising eyebrows. democrats are seizing on this. adam schiff chair of the intelligence committee, changing story of the donald trump camp, donald trump, jr., portrait of consistent dissembling and deceit.
so that is adam schiff. here is what nancy pelosi said just a few hours ago. >> i have always been reluctant because i think impeachment that has an impact on the country. so when the facts are clear, the law is certainly clear. when the facts are clear, then this congress will make a decision in that regard. reporter: of course chris stewart, the representative who is also on the intelligence committee who said there are americans, democrats who wake up every morning praying for impeachment and don't get what they want. he also said this on cavuto's "coast to coast" earlier today. >> this is the kind of thing where they have to go back to be very careful, looking at every meeting or anything associated with this. who was there? who was involved? what did they say? what did the emails say? just get it out. reporter: that is what everybody is wondering, how much more will get out, and how much more will there be to talk about.
will be topic on sunday morning news shows. connell: that's right. drip, drip. i don't know how many people were in this meeting. melissa. melissa: the media is very focused on the allegations regarding the trump administration and the kremlin, seeming to stall the republican again in its wake, coverage of the agenda in its wake. counselor to the president, kellyanne conway weighing in on what americans are really interested in focusing on. >> we need to spend our time also telling what people is being done here for them. that is not being covered at all. the day after i went on cnn for marathon interview monday morning, next day analysis done was media research center. cnn spent 93% on one show on russia. 93%. 6% is out of whack according to cnn polling, people telling pollsters move on. i want to hear about the issues. melissa: bruce turkel is a branding expert, president of
turkel brands. he joins us. i call the crisis hotline or faux crisis going on here, brrnng. bruce turkel, i need your help. seems like whole media is focused on the russian thing, for the average american person they want to know about the economy, health care, tax reform. they have real issues. what should the white house do? >> very simple, first thing they do, melissa stop doing what doesn't work. i love what david said, drip, drip, drip. like water torture. that has to end. the best way to fix that, i know this is crazy, but here's what they do. trump's a showman. should host a factathon, get don, jr., kushner, manafort, in front of reporters, no lawyers, nothing else. and just say what happened. get it out there and be done with it. melissa: i like that idea. it sounds incredibly dangerous though as well because
inevitably it seems like the more oxygen you give to this thing though, every investigation in washington just keeps investigating and turns into this and into that and other directions. i feel like that may be like adding fuel to the fire. >> i would agree. but remember what howard baker said. you don't get in trouble for what you do, you get in trouble for the cover-up. what happens, constant changing the story, lying, maybe we didn't lie -- melissa: but the clintons lived like that for decades. >> and they're no longer in office. melissa: but they were forever. >> you have to worry about now. but it doesn't matter. that is over. remember what we always say, melissa, when you're explaining you're losing. i don't care what they did. i care what is going on now. here is the problem. melissa: real quick. >> you said it yourself. what they care about is health care. when health care goes away and senators and congressman in midterms election start losing seats, trump is going to crash. you have to fix it now. melissa: focus on issues.
bruce turkel, always fabulous in emergency. we'll call you soon. we'll be right back. potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame.
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jo breaking news out of texas where governor greg abbott just announced he is seeking re-election for a second term. his announcement in san antonio comes on the four-year anniversary of his, of the launch of his first gubernatorial run. >> my number one priority is to dismantle the disasterous deal with iran. [cheers and applause] i know deal-making and let me tell you, this deal is catastrophic. connell: all right was then candidate donald trump railing against the iran nuclear deal. it has been two years since the deal went into effect. we have not seen any move by this white house since it took office to kill it. in fact the news today it may not be going anywhere at all. rich edson, fox news at the state department.
what is going on here, rich? reporter: good afternoon, connell. the trump administration has a monday deadline, when the administration must certify whether iran is complying with the iran nuclear agreement, all indications from the state department are that the administration will do so. that will be the second time under the trump administration. congress requires certification of iran nuclear deal every 90 days. the administration says it is undertaking a review of the u.s.'s entire policy towards iran. and so it will adhere to the deal while that review is on going. >> the review on the iran policy is still going. that is still underway. i know people have a lot of interest in this. we have said and the administration has said that at least until that review has been completed, we will adhere to the cpoa. that has not changed. we will insurer ran is held strictly accountable to its
requirements. reporter: four republican senators says there is no wait to for conclusion of review. marco rubio, tom cotton, ted cruz sent a letter to secretary of state rex tillerson urging him not to certify iran is in compliance with the deal. iran is engaged in persistent violations in an attempt to weaken the agreement strictures and gain advantages beyond the existing loopholes as it progresses towards a industrial nuclear weapons capacity. former obama administration officials contend the deal is working. the trump administration has not outlined when it plans to release the end of its review and the new policy towards iran. connell. connell: we'll watch for it on monday. thank you, rich edson at the state department. melissa: so the senate health care bill is nearly dead on arrival. can republicans come together on one plan? next we'll ask republican congressman tom reed. connell: on a different issue there might be hope for some
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there you go, connell. connell: love those records. the senate's august recess already has been delayed two weeks. efforts to get a health care deal through have been sputtering with multiple versions of health reform released and gop senators divided how they should move forward. so can the republicans unite under one solution? to the house side, republican congressman tom reed, state of new york. he is member of the committee. like all of us you have been monitoring what the senate is up to, is there version, maybe put forward by the republican establishment you can support? >> we'll see what the senate puts forward. they have to get on the bill. go through the amendment process. depends what the final bill looks like. the bottom line i hope the senate acts because doing nothing is not acceptable for the american people. connell: that is the question as we look at key changes put forward in the proposals out there. one of the questions is, is a bigger risk, more than a
political question than anything else, to do nothing or do something that isn't very effective? >> i think just the idea of doing nothing. connell: okay. >> you have two million people today in collapsing insurance markets adversely impacted. i don't think it is politically sustainable, nor the right thing to do for those individuals to do nothing. they have to do something. mitch mcconnell indicated that in some of the public comments i read. connell: what if you have to repeal what obamacare stood for, taxes like rest of it like rand paul otherwise you don't do what you promised? a number of republicans from the conservative side of the party we need to do this. otherwise you're going against a campaign promise and status quo remains in place. what do you say? >> i can appreciate the senator's point, with all due respect there was never 60 votes in the senate to get this done in regards to complete repeal. we've been honest with our three-part approach. take on what we can repeal in 51 vote legislation in the senate. move to the things tom price can
do as secretary of health. third phase get into areas we reform health care for american people on bipartisan basis. connell: there is so much difference in the party. if you speak to someone like senator paul, versus the conversation i'm having with you right now it's a very different conversation. if we're being honest it is difficult to believe something actually will get accomplished, that is bill will be passed. is that being overly pessimistic? >> i can appreciate that. that is reality of d.c. right now. very frustrating as a member to be involved in this gridlock. i try to do my part to look for solutions we can come together on to always advance the ball. i supported health care bill in the house. sent it over to the senate. this is the legislative process. i'm about substance. a lot of people want to engage in political rhetoric and have cheap and easy 30 second spin items out there. that is not productive at the end of the day in my opinion. connell: people in your party don't really want to get things done?
>> i wouldn't classify everybody in the party. it is on both sides of the aisle. there are members here who are just interested in the political side, political rhetoric. there are a lot of serious members on both sides want to get things done. connell: you think that carries over to other items? what about tax reform? will the environment be the same when we move on to something else? who is to say whether health care is in the rear view mirror gets done, all of sudden we're not having same conversation regardless what the topic is and nothing gets done there either? >> i think we'll get tax reform done. i know we'll get tax reform done. it has to be done. 2017 is that time frame. talking with our leadership, talking with the american people, talking with people we represent, everyone agrees the tax code is broken. we need to deliver some relief for the american people. the tax code is the biggest and most important thing we can do to get this economy going, growing jobs. that is why it is so critical. connell: hasn't been done in 30 years. >> but it will get done. connell: obviously a lot of people do by the end of the year
as you predict. congressman tom reed of new york. >> thank you for having us on. melissa: liking climate change to slavery. former vice president al gore's outrageous new claim. remembering the terrorist attack in nice. president trump saluting this morning at bastille day celebrations in france. how the fight against isis changed since a year ago. ♪
♪ ♪ ♪ melissa: marks one year since the terror attack in nice, france, when the truck plowed through the street in celebration of bastille day killing 86 people. president trump was in attendance earlier today in paris where a marching band paid tribute to the victims of last year's attack spelling out the word nice. one year later is are the lessons learned from the attack? we have peter brooks, heritage
foundation fellow of national security affairs. what do you think, what has changed if anything? >> the fact is, melissa, which claimed credit for the attack, credit or claimed responsibility, i hate to use the word credit in that respect, claimed responsibility for the attack, they have lost a lot of territory. they essentially lost mosul in iraq. our allied forces ant coalition forces are are taking area in r. they have less area to plain, plan, operate. they're occupied with other issue us, enforcing or moving forward on their away game. they have a home game in iraq and syria and away game in western europe and united states. in 2017 we had 1plots or attacks in the united states. in 2016 it was 12. this year it has been three. i want to be optimistic but not jinx anything earlier because i think of the additional pressure
we put on them overseas in syria and iraq that makes a difference. melissa: does it feel we see more attacks in other countries, when you look what happened in london, paris, brussels, turkey and stuff? it seems like we're hearing more attacks in the lone wolf style or being radicalized and sort of away and that attacking a large city? seems like there are more of those. is that our imagination? >> i'm not saying i'm out of danger. i don't have the statistics whether those are down as well but i know in the united states they are but because we've taken the fight to them. we've gone after their ideology. there is progress taking recruiting videos. twitter, facebook others made progress doing this i don't think isis looks as invincible as it once did. 2014 they ran the iraqi army out of mosul. all terrorist attacks overseas. they have been getting funding
we've been going after quite some time. looks like a team if you're a islamic jihadist, this is team you might want to join. i think it is much less attractive today because of progress we made against them. a lot has come under the trump administration which included arming the kurds which put pressure on raqqa, capital of isis caliphate which is raqqa. melissa: we hope that continues. peter brookes. thanks for your insight today. >> thank you for having me. connell: the next story here, think about climate change, climate change is like slavery? former vice president al gore likened it to greatest histories of humanity. apartheid on the list. nuclear proliferation on the list, and yes slavery. mr. gore hoped president trump would stay in the paris climate accord. lobbying to remain. the u.s. got out of the agreement last month. you see his quote. al gore. melissa: health care fraud exposed. how hundreds of medical
professionals risked lives of patients. debate over the senate health care bill. several lawmakers remain undecided. what does it mean for you and your family? fox news medical correspondent dr. marc siegel weighs in. that is next. ♪ potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame.
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melissa: travel ban revises. hawaii judge revising executive order ruling the ban can not include grandparents, grandchildren, aunts, uncles, nieces nephews, other u.s. family members. derek watson saying they constitute a close relationship to individuals already in the united states. the justice department is now
appealing this to the supreme court. connell. connell: 412 people have been charged in the largest health care fraud case in american history. >> as a result of this operation 205 health care providers are now in the process of being suspended or banned from participation in federal health care programs. among those defendants announced today, 120 have been charged with opioid-related crimes. connell: boy, officials say a record of more than 52,000 americans died of prescription opioid overdoses in the year 2015. the acting fbi director, andrew mccabe cited cases of addicts in standing room only waiting rooms waiting for prescriptions. dr. marc siegel, fox news contributor and nyu langone medical center, professor of medicine. this is a big case. what do you make of it.
>> this is huge case. it is tip of the iceberg but going on all over the country where opioids are overprescribed by physicians. what it underlines worst players are doing the most damage. they charged one physician in houston, connell, 12,000 prescriptions in one year. connell: are incentives messed up from doctors point of view or people being fraudulent? why is so much happening. must be money driven, right? >> it is combination. guy prescribing 12,000, you have to -- connell: right. >> but it is also a philosophy we don't know if the patient is in page. they can tell us. this goes back 20 years already we were taught, we can't tell a patient whether they're in pain or not. it's a knee-jerk. most people doing prescribing are primary care doctors that don't understand about back pain, don't necessarily know right answer, quickly want to help the patient. don't realize the damage. connell: they're not always
doing it for the wrong reasons? >> that is why the fda is increasing mandatory education physicians need to get. four or five heroin users start with prescription opioids. doctors started problem. enabled by drug companies and insurance that pays for opioids. connell: big story. we have to talk a lot about it more. we're talking about health care generally speaking with the president in paris calling senators in washington encouraging them to get the health care bill done, get it through by next week. they released revised version of the bill yesterday. but you have the likes of rand paul we talked about earlier. senator out of kentucky and senator susan collins of maine, they're not voting in favor of this revised bill. one more republican defection officially would kill it. that may already be out there, dr. siegel. so from a doctor's point of view, we had a couple of political interviews in this hour, what should people want to know about this?
>> if they want to reach portman or susan collins or can can can -- capito they have to hit medicaid. it cuts medicaid to tune $770 billion. they have to dial that back a bit to get some of the moderates. what i do like what was put out yesterday is the cruz amendment. i'll tell you what i like from the doctor's point of view. you walk into a doctor's office tell you under this new bill you don't have mandate anymore. you're free to buy what you want. connell: i don't have to get all the coverage but they have to guarranty all the coverage but i have more freedom now to choose? >> exactly. if the cruz amendment hadn't been added, guess what you have to choose? connell: everything. >> everything or nothing. it was one policy called the obamacare policy. included 10 essential benefits. everything for preexisting conditions. what the cruz amendment does adds the idea maybe catastrophic
insurance can exist. 22-year-old, 25-year-old, someone not on their parents policy over 26 could choose something catastrophic only. the beauty of the cruz amendment, he also wants, the amendment also wants the insurer to also cover at the same time those old obamacare policies. they're going to be available. connell: right. >> so preexisting conditions won't suffer. $70 billion will be thrown into the, individual market to help cover preexisting conditions. so, premiums will go down. choice will go up for people that don't need extensive insurance. hopefully everyone with preexisting conditions will still be covered. i really like the cruz amendment. doesn't take care of the medicaid problem. connell: that is interesting. something we'll come back to. best of all worlds potentially with the cruz amendment. >> going to work better in the doctor's office. connell: that is where you operate. thanks for bringing that perspective to us. melissa. melissa: as the russia investigation continues
president trump made changes to legal team. added noted d.c., tern, ty cobb aspects counsel. he will handle media responses. mark kasowitz continues as outside counsel on russia. jared kushner adds abe lowell to his attorney team. everyone lawyering up. connell: presidential bromance of sorts, democrat and republican still speaking to one another. coming up next. ♪ they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. cleaner, fresher, brighter every day. bburning of diabetic nerve pain these feet... jumped into city life as a kid... ...and kept my town moving. but i couldn't bear my diabetic nerve pain any longer. so i talked to my doctor and he prescribed lyrica. lyrica may cause serious allergic reactions
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>> why do i have a friendship with him? because he's called a brother with a different mother. he hangs out in our house. he hangs out in maine more than i do. >> you both have grandchildren. what do your grandchildren call you? >> i'm called heffe. >> what do your grandchildren call you? >> i'm more humble.
i'm called pop pop. >> can your granddaughter sing happy birthday in mandarin? >> no. but she can sing it in spanish. >> mine can. connell: how about that? melissa: i love it. that does it for us. risk and reward starts right now. trump: i want the entire corrupt washington establishment to hear these words from all of us. when we win tomorrow, we are going to drain the swamp. we are going to washington, d.c. and we are going to drain the swamp. you probably heard me say it. drain the swamp. [chanting drain the swamp] . liz: well, the ceo of one of the country's biggest banks,