tv The Intelligence Report With Trish Regan FOX Business July 11, 2017 2:00pm-3:00pm EDT
neil: what house freedom caucus chair mark meadows thinks of the filling in august. trish regan filling in left and right, doing her own show. trish: good to have you back neil, on many levels. republican leaders expected to give remarks on status of health care plan. mitch mcconnell announced moments ago, the senate will delay start of august recess until the their week in august in order to work on health care. they will stick around extra couple weeks. market like the idea. after been having lower lower perhaps because the president's son donald, jr., released emails between him and a russian
lawyer. what it means for the political a reason in in washington. i'm trish regan, welcome to the teleagainst report. we'll go through it. -- "the intelligence report." mitch mcconnell announced that the senate will delay summer recess until third week in august to give them time to work on health care plan. adam shapiro with the latest. what is the concessions they're looking to give? sound like so much for any kind of tax give-backs for the wealthy. walk us through, adam. reporter: as far as some compromises on health care, we already know eliminating 3.7% investment tax in the house they wanted to get rid of that, in the senate version it stays. that still is there. that investment tax is part of this. look what mitch mcconnell put out last 15 minutes, this is quote, in order to provide more time to complete action on legislative items, we're not just talking health care but tax reform and debt ceiling and promised nominees stalled by lack of cooperation by our
friends across the aisle, that is our friend the senate will delay start of august recess until the third beak in august. it is true democrats slowed down the nominee process. in senate and house the republicans have a majority. they have got to get that majority to vote as the leadership wants and that is where they're having trouble. it was lindsey graham who earlier said with health care we may have to ditch on the table, start over with a compromise hints at working with democrats. here is senator graham in his own words. >> i think the bill that is before us is dead. there is emerging new approach i will talk to you about in the next 24, 48 hours i think may he will actually work. and i have never felt better than i do right now about the republican party coming together around an idea that mayactually attract a handful of democrats but we're in the very recall stages. we're trying to get the concept
writen down and scored. there may be a new approach coming soon. >> bipartisan bill, sir? >> we'll see. reporter: so the plan, trish, have this to cbo for a score, whether revised better care reconciliation act or senator graham's allusion to some piece of legislation, score it, get vote next week and move on to other issues. we're waiting for comments from republican leadership. they have finished briefing members of senate on plans. they're having hundred. as they come to the ohio clock position, right outside the senate chambers i know you will take it live. trish: thank you very much. adam shapiro, indeed we will. joining me right now fox news contributor former campaign manager for president reagan ed rollins. good to have you here. >> thank you. trish: ed, what is your reaction. mitch mcconnell says they will postpone the res is. >> that is a good thing. something many people thought they should done a few months ago. the reality on the agenda, go
home for five weeks, will antagonize the american public. i don't know if they can get it done. they certainly won't get it done this week or normal recess. but this is positive step. trish: why are you convinced they can't get it done this week? can't get it done by normal recess? in that case why bother postponing the recess? >> they have 10 members in the senate right now not happy with the bill. several people are trying to find an alternative. you heard lindsey graham talking about it. to a certain extent you need to sit down, hammer this thing out, conclusion, do you want health care repeal? do you want to basically fix this thing? it is very complicated. took forever to get it done the first time. you don't want a bad bill. not getting a bad bill through. my sense two more weeks of them staying there working is not exactly end of the world for them. i don't know what house will do. house has a say. trish: are you frustrated? i'm frustrated.
>> i'm terribly frustrated. trish: they have everything on their side but can't pull it together. >> can't pull it together. too much difference in some republicans. at at end of the day there is no party vote. there is not republican bill where everybody stands in line like parliamentarian system. everybody should have the viewpoint this. is the bill. we have to move it forward. i think they are 10 votes short right today. maybe they will close some of that we only have two-vote margin. doesn't give you much room to deal. trish: what about taxing? 3.8% investment tax. the wants to leave it. the house had considered repealing that. what is your reaction in terms of a political perspective? kind of hard to repeal, right? >> my reaction if you have tax reform, which i think is more important than any of this, you need basically get that out of there. you can't basically be piling more taxes on well to do and i
think to a certain extent. we haven't what the tax bill will be. we're six month into administration. we have one or two-page sheet of ideas. i think at the end of the day the president promised to get the economy moving. one way to get the economy moving, have people with money any to start investing. >> i fundamentally believe that too. i fundamentally believe that people work hard, earning money need to keep it and that is how you help the economy grow as opposed to wealth transfers. however politically speaking? >> politically speaking, one thing they did with obamacare, what democrats did, they created a very difficult political document to get out of. when you have, historically bills, big bills like this give people something. they don't take something away. no matter how you score it, any of rest of it, you will take insurance away from 22 million people. many are trump supporters. you have to give them an alternative they feel they can get something else in its place. to date they haven't done that.
trish: let me ask but the big political story of the day, aside from health care and senate and their postponed recess that is donald trump, jr., and his release of these. mails. we'll talk about more coming up in the show. blake is ready for it. i want to go to blake burman. he will lay this out. ed rollins stay with me. blake burman, critics are coming out of the woodwork this meeting shouldn't have happened between donald trump, jr., and this russian lawyer. and they are also saying he shouldn't be releasing these emails. blake burman live at white house with more. hey there, blake. reporter: trish, let me tick down through a couple of emails for you. they were posted by donald trump, jr., he preempted "the new york times" earlier today by posting a handful of e-mails on the twitter feed. it starts with email from acquaintance of his by the name of rob gold stone. goldstone writes to donald trump, jr., on june 3,
2016, a russian prosecutor told influential russians, that prosecutor had dirt on hillary clinton, stuff that would be harmful to her and helpful to then candidate trump. here is the first email that goldstone wrote to donald trump, jr. this is obviously very high level and sensitive information but is part of russia and its government support for mr. trump. just minutes after that trump, jr., followed up responding to the email himself. he said, i love it. especially later in summer. could we do a call first thing next week when i am back? now. that was june 3rd. six days later to june 9th, new york city, trump tower, donald trump, jr., jared kushner, paul manafort. they ended up meeting with a russian attorney, vitale --
natalia veselnitskaya. saying that this attorney didn't work for the russian government. this attorney didn't have meaningful info. he ended his statement with the following, quote, to put this in context, this occurred before the current russia fever was in vogue as rob goldstone said today in the press. the entire meeting was the most inane nonsense i ever heard. i was actually agitated about this. so that from trump, jr. here in washington on capitol hill even some republicans are shaking their head in disbelief on this one. 1234509 harm is, even in harm engaging somebody that wants to work with your campaign. whether or not it bore fruit, i don't know. >> this is serious a serious situation, one a long way from over. reporter: trish at any moment we're anticipating daily press briefing from deputy press secretary zare haw huck huck. off-camara -- sarah huckabee
sanders sanders. this is the inbox, keep eye on the twitter. headlines coming from the white house. i want political perspective from ed rollins, did donald trump, jr., do the right thing releasing these emails, getting ahead of "new york times" an -- >> you are not getting ahead of "new york times" and this story at this point in time. the advice i would give him, his good lawyers give advice, shut up. basically you have a justice department investigate going on. you keep feeding him. whether or not you should have met with him or not, you have given the case to make this thing go on for months, and months. political perspective everything in the tweet will give some democrat opportunity to stand up to hammer this administration. it is a terrible, terrible distraction. trish: in other words it looks like in those emails that he was willing to take any help he could get from them? >> absolutely.
bottom line, my counsel, first of all, three characters who are in the meeting, two of whom know a lot about nothing relative to politics. one knows a lot of about politics, manafort, certainly very questionable in his judgment, in his dealings, should have been a lawyer in the room. reality, probably shouldn't have the meeting but certainly should have a lawyer there basically, that would be my advice on everything from here on out. listen to your lawyers. basically -- trish: don't you think he toll his lawyer by the way he would release the emails? >> i'm sure he told his lawyer but i would debar the lawyer who told him to release them. i don't think you will find a lawyer, put this out there, prove your innocence, by putting more tweets out there. reality they need to take the thing more seriously. this whole argument, fake news, all "new york times," all the bad guys, reality you have a justice department full-scale investigation going on and don't feed the fire. trish: what about transparency? if you don't think you did anything wrong, just.
mails, yeah i would like to get information, whatever you have, is there anything wrong with that? >> that would be great if that is the way the interpretation would be, you will see on your show every other show, people interpreting them, discussing them. this proves the case. trish: feeding the news cycle. >> feeding the news cycle. the reality you don't have not to feed the news cycle unless you have a strategy. trish: do you think him on his own, him and his dad? here we are feeding news cycle, people want to know. >> i don't know what anybody else knows at this point in time. if i'm advisor which i'm not, i'm sure lawyers been through these kind of things, get a strategy. figures this thing out. don't respond i am pooled. think about what we're going to do, obviously this thing will go on. trish: can i ask you a question, how normal in a campaign, we want to get research on the other side? >> no, you get research. reality all the people out there saying this is normal, listen, bottom line long history of the
clintons. should run any kind of campaign you had all the stuff you need to defeat her from day one. you don't need to looking for more stuff. reality you had clinton foundation. her service as secretary of state. you had plenty of things to go out and beat her to death on. trish: are there certain parameters? i would ask you, i will not talk to any foreign entity at all? >> anytime the name russia came up to me, i would say thank you very much, no. anytime someone said, i'm from china, i want to give you big money or big tips, i would have said thank you, no. i don't want to -- trish: naivete? >> total naivete. reminded gone on, ronald reagan said to me one time, his daughter maureen was very active in the party, very able person being cochairman, i was complain about something. ed, grateful i have only one child is interested in politics and you have to deal with it. i think to certain extent several children here are kippable people but new to
politics. >> that is affecting it. although paul manafort, to your point should have known better. >> manafort, at the end of the day manafort did not behave properly throughout this. i make that charge publicly or privately. he should have known better. he didn't. to certain extent all said and done paul would be into things he shouldn't be in into. obviously he will pay a price for that. trish: ed rollins good for your perspective. we'll continue the story. donald trump, jr., releasing email exchange at the center of controversy with meeting with a russian attorney. ed rollins said optics are not great. he is feeding the story, what does it mean in terms of the justice department? is he in any kind of legal jeopardy? all as we wait to hear from senate leadership on health care reform. they're coming forward. looking at live picture from
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due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. trish: we have breaking news. mitch mcconnell speaking on the recess. let's listen in. >> 46 confirmed, we're getting zero cooperation on personnel part of senate portfolio which is confirming nominations. therefore we will be in session the first two weeks of august that we had originally anticipated not being here. we will be here. we've got defense authorization. you've got debt ceiling. you've got fda user fee and or
the important legislation that we need to address. we simply, as a result of all this obstructionism don't have enough time to address all of these issues between now and the originally anticipated august recess. so we'll be here the first two weeks of august. >> of course we remember the promises made when obamacare was sold, if you like your doctor, you can keep your doctor, if you like your plan, you can keep your plan. family of four would see reduction of in their premiums $2500. none of which has proven to be true. so based on experience of last seven years i think it is fair to say obamacare has been a failed experiment. we have two choices. to try to do better, to stablize the markets, to bring premiums down, to protect people with preexisting conditions and then to put medicaid, as safety net
program for the poor, on sustainable fiscal path, or, what senator schumer and senate democrats apparently believe is a better course. no reforms, no changes. just bailout insurance companies by throwing billions of dollars at them without any reforms. we're not interested in that. we think we've got a better plan. we invite our democratic colleagues to join us under the budget process. they have the opportunity to offerments to the plan, no restrictions. we would invite them to participate in the process to come up with a better product than failure of obamacare, much less bailing out insurance companies by throwing billions of dollars at them trying to prop up a failed experiment. >> news on health care doesn't get any better for people in this country, there are going to be two million fewer people this year with insurance than had it last year. so the number uninsured goes up.
costs continue to go up, correlation there and highest number of people in this country, "gallup poll" cite health care as being the number one economic concern, highest number since 2007. in fact that number has gone up 7% since obamacare was implemented in 2013. so, people are priced out of the insurance marketplace, and as a result of that we see collapsing markets, you see skyrocketing premiums, people with fewer choices and few options. our goal is very simply one, stablize insurance markets. two, liberate from people mandates to force them to buy insurance they don't want and can't afford. improve affordability to have people buy health insurance in country. improve access for people with preexisting conditions with health insurance and strengthen medicare for people who really need it.
to make sure we don't pull out rug from under those people who really need it to make it sustainable for future generations that is the goal we have in this effort. clear obamacare as we know it today is failing. it is a failed program and it's the american people who deserve better. we intend to give it to them. that is what we plan on voting on next week. >> the pain of obamacare continues to worsen. the nbc news report points out that two million fewer people are insured now than at the beginning of the year. they tend to be younger people, because they can not afford insurance under obamacare. they cite main reason, higher costs, fewer choices. with regard to fewer choice, front page "usa today," 4th of july, 1370 counties down to single choice of insurance. that is not a marketplace. that is a monopoly. over the 4th of july i was home at community events and number
of hospitals visiting with patients as well as doctors and nurses. they want a fundamental change away from obamacare and toward freedom. that is what we're offering. we're eliminating the mandates. employer mandates and individual mandates people have to buy the government-approved product. we -- eliminate the taxes that raise cost of insurance for the american public. we lower premiums. even the cbo plan says republican plan by 2020 would lower premiums by 30%. give authorities back to the state. decisions closer to home. washington's one size fits all certainly doesn't work in my home state of wyoming. people with preexisting conditions will be continue to be covered. people up to the age 26 staying on their parents' plan, absolutely. this is challenge and responsibility and obligation to get this done because the death spiral of obamacare is upon us. the american people deserve better.
>> this slow process of al you howing the president take over the government makes it harder to get other work done. when you start by taking weeks and months to allow the president to put a cabinet in place, that means that the other moms into come at a slower rate but president nominated 196 people. 23% of his nominees have been confirmed. 69% of president obama's nominees had been confirmed by the first august he was in office. 10% of president trump's nominees have been allowed to have a voice vote. 90% of president obama's nominees were confirmed by voice vote. not allowing the administration to take over the government is the wrong thing to do. at the current rate, if the calculation is right it, would take 11 years and four months to
confirm the nominees that have to be confirmed by the senate. that of course would not allow us to do anything else. it is unacceptable. it is outrageous. something has to change. >> follow up on comment roy and leader have made, we've seen unprecedented amount of obstruction comes to nominees for every position throughout government. whether u.s. attorney position, whether district court judges, you name it, this obstruction put us through the right decision is to stay into august to make sure we do the work of the american people. it is critically important we do the job the american people sent us here today. i commend the decision to make people work overcome this unprecedented level of obstruction we've seen. [shouting questions] [inaudible] >> you know very well democrats put these obstruction tactics, can't get on the executive call
dar to is this charade in couple weeks of august and fall back to health care -- [inaudible] >> i'm not sure i totally understand your question. we'll do health care next week. reconciliation process. you get to the end. sometimes it can be as a result of, haas shun but you can get to an end. then we're going to turn to other issues. turn to other issues, among them defense authorization, fda user bill, must-have bill to fund the fda. we have to do debt ceiling increase. there are other things that we have to do. we have only limited number of days left. so we fully encontinued to utilize, not to mention all of these confirmmations that are backlogged, we intend to fully utilize the first two weeks in august. >> how many of those can you get to -- >> what we'll do as much as we possibly can for the american people. that is what they sent us here to do.
>> [inaudible] the decision not to put that out in public. now there are. mails that show donald trump, jr., was aware, may have been -- [inaudible] do you regret your course of action? >> i have a lot of confidence in is the intelligence committee handling this whole investigation. senator burr and senator warner have ball control. we'll hear from them later. [shouting questions] >> do you -- the fact president's son met with russian lawyer to get dirt on the clinton campaign after being told the russian government wants to help his father -- >> i'm sure senator burr and senator warner will look at all's specs of the russian investigation. >> does it make it harder for you to trust president trump on russia, a major adversary, when
his inner circle circle, story about russia keeps changing. >> the investigation and is being handled by the intelligence committee. they will get to the bottom what happened. >> your personal trust level hasn't changed. >> they will get to the bottom whatever may have happened. >> -- [inaudible] >> debt ceiling? >> debt sealing. >> ideally deal with the debt ceiling before the august recess. >> [inaudible] >> we'll see. but the debt ceiling must be raised. okay. thanks, everybody. trish: everyone, you were just listening to republican senators mitch mcconnell there, addressing this settle care issue votes on this week. taking recess -- forgive me, prolonging their recess by two weeks of the they will stick
around in town in order to deal with this interestingly the reporters went straight to the narrative of the day which is donald trump, jr., and these emails that he sent out. joining me with her perspective all of this, whether or not the president's son could find himself in any legal trouble as a result is attorney misty morris. misty, overall your thoughts on this. he is sending out these emails, trying to get ahead of "the new york times" who wants to send them out. was this the right or wrong thing to do from a purely, not political, legal perspective. >> from a legal perspective in general, in as an attorney in case like this, especially you know the special counsel is looking at connections with russia, the general rule less is more. you want to make sure all of the statements are controlled by your attorney. that you're not putting any additional information out there that doesn't need to be. that being said -- >> just added a bunch of additional information. >> that is what the issue is, many times even from a legal
perspective it's a balance, a strategic balance between the legal issues, how this could come back to bite you in the context of an actual litigation or testimony. and, let's face it, public relations it is a factor that is weighed by the legal team when they make this type of decision. trish: going back to the email chain, one of the things his friend emailed to him initially, this meeting he was going to have with the russian lawyer was very sensitive or high-level sensitive information but, and i quote, is part of russia and its government support for mr. trump, to which don, jr., responded if it is what you say i love it, especially later in the summer. can we do this call next week when i'm back. this is what people will really grab on to, him saying i love it, if it is what you say. because they want to prove in some way, shape or form, that trump campaign folks were deliberately working with the
russians. and i guess the question i have is, does this prove anything. >> no. in my mind that is what is happening here. there is a lot of fodder about the emails, about the language of the emails, taking an issue relating to this one meeting, and expanding it well beyond that breadth. in this particular incident maybe donald trump, jr., exercised poor judgment but did it pass to criminality? there is nothing in the email from legal perspective, anymore than one meeting that cedes to higher level collusion, it is not there in the plain language of the correspondence. trish: ed rollins put it best, sort of a judgment call. don, jr., hadn't been around politics. might be naive should i take a meeting with someone. on one hand you want to get all research you can on the opposition. maybe sure you're empowered some way to take them down.
that said, if someone potentially connected to the russian government, looks as though they're behind it, that is all right, i will pass on that meeting is that what he should have done? >> especially with all the fodder about the russian government. trish: it wasn't really fully in swing, right, at that point? whole russia thing was not in vogue. so maybe he just didn't know, is that enough of a defense. >> hindsight is really 20/20, right? we could go back to say, how could you possibly do this? the importance of the situation is make sure get the right people involved at the get-go, not after the fact. maybe consult with attorneys before you take the meeting. look what we're talking about a legal perspective. we're talking about potentially breaking finance laws, that you can't obtain fund or beneficial items which is a different, any other thing of value. that is what the statute says. trish: i don't know what does
that mean? >> does that mean information? that is very questionable whether or not you're talking about the potential for criminal charges. again you can't, common sense is much different. whether or not should have maybe been discussed with other people before walking into that meeting -- trish: big difference between doing something stupid and doing something criminal. >> huge difference. that difference is written in the law. the law is written that way for a reason. the you do have to have the criminal intent in that he setting. >> i want to point out the white house is having off-camera briefing and sarah huckabee sanders is answering all reporters questions about this issue, i refer you to outside counsel on issue. the white house is staying clear here. the thinking this may have been donald trump, jr., and his lawyer working together to get out ahead of this story that "new york times" was set to run. they already ran the story. they hadn't released emails. they wanted to release it before "the new york times" did.
there may be some merit, misty, to that. >> oh, absolutely. there may be some merit to that. what we're seeing right now is the right move from sarah huckabee. we're talking about meeting to stop putting additional information out there. let this come through legal channels here on out. there might be merit getting ahead of the story. again it is not surely legal analysis. talking about donald trump, jr. there is issue of transparency, public relay shuns factors out there. trish: interesting that the email made its way to the "new york times." a lot of this stuff gets to "the new york times." somehow, some way. and we'll see what else comes out. briefly want to go book to capitol hill where we're seeing democratic response to this requirement that the recess be postponed by the republicans. none other than chuck schumer is
there ready, armed and ready i should say. here we go. >> what some of the conservatives said about the cruz amendment and some of the republicans and you will see what we're talking about. okay? finally, i'd like to say a few words about donald trump, jr. the emails are the end of the idea pushed by the administration and the president that there is absolutely no evidence of intent to coordinate or collude. it is now incumbent on the special prosecutor, the senate intelligence and judiciary committees, to continue their investigations. second, we need donald trump, jr., and other campaign associates to turn over any and all documents and electronic communications that investigators asked for. and we need public testimony under oath of donald trump, jr., who is changed his story repeatedly.
and third, the house right now needs to pass the tough, strong, sanctions bill that the senate sent them on bipartisan 98-2 vote. between these of developlations, and the president's horrendous handling of meeting with mr. putin, it is clear that congress needs to step in and sanction russia and need a roadblock to lifting sanctions because clearly the president will not be tough with mr. putin as he should be. at every single turn house republicans came up with excuses to avoid moving forward on a russian sanctions bill. at the same time we know that the administration and oil companies are lobbying them to water down the bill. enough is enough. pass the bill now. senator menendez. >> thank you, mr. leader. the problem with the better care act it isn't better care -- trish: having opportunity to
talk about health care and then taking that opportunity while the cameras were on, turning it to donald trump, jr., and the emails and making the point you just heard him say, there is no way you can effectively trust president trump to deal with vladmir putin. i want to get reaction from my panel to this. of course the big story of the day, and that is don, jr. we have former bush advisor ron christie. we have syndicated radio host chris hahn, and hugo gordon, editorial director for the "washington examiner." i will start with you hugo, ron, rather, hugo, we're hearing from ed rollins there this was politically not a good move because guess what? everybody is talking about it, and you don't want people talking about it. what is your reaction? >> i think ed had a great point. obviously you put the emails out there, and news organizations putting them into sequence to people can read them, pour over them and find out what
significance is, and all the significance to great extent speculation. when don, jr. says, that this is great stuff, if what you are telling me is true. you don't know whether he is saying it is great that we'll get dirt on clinton campaign or it is great this is coming from the russian government. this is why there needs to be a proper investigation. there is an investigation obviously going on on capitol hill and this now needs to be part of it. trish: okay. so there is an investigation going on and, by the way, susan collins, senator from maine, ron, said she would like don, jr., to testify. that is before these emails came out. is there a method to the madness here? why do you think he did this when so many people politically would have told him don't? >> good afternoon to you, trish. i think he wanted to get out ahead of the story and control the narrative in the way that was best for him to try to contain some of the damage. there is no question this is really distracting the administration.
we're not talking about very serious issues of the day. we're talking about. mails and collusion and president and russia. so i think the president's son, thought, hey if i get out of this now, get out ahead of this now, maybe it will get behind my father and his administration quicker but ultimately washington will be subsumed an consumed by this until the investigation is over. trish: chris hahn, do you agree with that? consumed? >> i think so. i think they're going to be consumed until mr. mueller brings back his conclusions. i don't think that will look too good, not necessarily for the president but a lot of people around the president. especially paul manafort. you can making a argument don, jr. didn't know better but paul manafort does. this suggests collusion and suggests treason. people need to be very careful
in the trump administration and people around him right now. trish: wow. >> five separate sets of lawyers advising their clients on different things. they're not aligned in the interests of the president and interests of the country. trish: that is an interesting point. i want to get to that. by the way you and ed rollins agree. he made the same point paul manafort should have known better. trump's son, the president's son, is perhaps a little more naive into these matters. hadn't been around politics enough. maybe he should have thought, gosh, if i get russians potentially reaching out that is not such a good thing. >> right. trish: perhaps no excuse there for the campaign manager. i guess my question though is, at what point is it you're receiving information from someone who didn't have any, ron christie? at what point is it actually collusion? >> you know i've worked on a couple of campaigns? i worked on a senate campaign and president bush as re-election, and i have to tell you there is a bit of common
sense seems to be lacking here. you're so busy, you have so many different things going on if you're going to take a meeting of acquaintance of somebody you don't know, then bring in the campaign manager you would think wisdom would tell you perhaps i should run this past counsel or someone with more experience? that is one thing for me that doesn't make sense here. why in the world would you do something like this when there are so many other activities going on in a campaign? i'm not ready to go to collusion just yet but optics do not look good. they do not look good at all from where we sit right now, discussions with russians. trish: okay. huge he go, your thoughts? >> i think that one of the things that, there are two things that people are saying criticizing the trump administration for consistently over the last six months and indeed his campaign. they talk about collusion which is sort of a trick arery and deviousness but they talk about incompetence. you know, i think that what we're seeing here is just as likely to be a blunder, certain
incompetence, you know, getting sort of mixed up, the not thinking things through. this is not, this doesn't point to collusion. if don, jr., is thinking hey, in a week's time i will be able to get great information that will help us in our fight against hillary clinton. if he is not thinking these things you through, he should be. trish: chris? >> paul manafort was there, right? >> yeah. >> paul manafort had been on many campaigns. this is bone headed at worst. conspiracy at worst. maybe even treason, okay? paul manafort. i get it. don, jr., had no experience in campaigns. maybe he doesn't know but paul manafort knew. paul manafort had been working for certain russian operatives many years here. there is real question judgment president had bringing him into the campaign to begin with. ron and i are agreeing. a lot of republican operatives are agreeing. this does not look bad.
i'm sorry. this does not look good. it is difficult to move on to any other conversation while this is swirling around. they keep saying move on, move on, move on. that is what batman villains say. trish: as business reporter here, who covers politics through an economic lens, by the way i would point out the markets are doing fine on all this. they have been hugging the flat line basically all day. you can see we're up 15 right now. but, chris, walk me through how unusual this would be? you go out and you get research on the opposition all the time, right? i guess the trick here is you don't necessarily get it from foreign entity. >> right. that is the thing. you don't get it from foreign entities. you surely don't get it from your adversaries. you surely don't bring the president's candidate son, son-in-law, campaign chairman with a meeting with somebody you don't know, have absolutely no idea what this person is bringing to the table. other than the fact they may
have information from russian intel sources. this is very peculiar set of circumstances that leads to a certain conclusion, if you make certain connections there. and that is the problem right now. most americans that are seeing this say, wait a minute, this is a conspiracy. this is collusion. this is working with russians -- trish: no. you have to fill in a lot of dots to get to what you're saying. >> you really do. chris knows better than that. we're both lawyers. you have to look at facts and evidence. there may have been poor judgment here but there is no doubt that those who are out saying it is treason or high crimes and misdemeanors i think they're looking for a narrative to fulfill their desire to bring down this president and this administration. this is not treason news. of course, having worked on campaigns i want to see opposition research on the candidate that i'm trying to beat. poor judgment to meet with someone from foreign entity, yes. is it collusion or is it treason? no.
trish: by the way, we should temper there is big distinction, forgive me guys. i am up against a hard break. tough leave it there. >> no problem. trish: fascinating conversation and story that continues developing. more on it on the other side of this, as well as reports that the head of isis is dead.
trish: a uk-based organization that monitors terrorism is reporting that the most wanted man in the world, isis leader, abu bakr al-baghdadi is confirmed dead. observatory for human rights has good track record reporting isis news, is still working on to verify this claim. fox news military analyst colonel ralph peters joins me now. obviously, colonel peters, this would be very, very good news. explain why this guy is so important to the isis organization, terrorist organization? >> he was the magnetic, charismatic figure who brought it all together, the man with the vision, the drive, the
ability to literally enchant people with his speeches, with his doctrines. it is very important because we declared himself caliph. that is the allah's representative on earth. he is the pope and king combined. the fact allah did not protect him that he is dead, is good news on practical and is bombic level that -- symbolic levels and symbols are did. i would caution viewers that al-baghdadi was dead. think time is true. the russians claimed to kill him. it turned out to be false. this one feels good. even now we have to be careful because isis could be trying to throw us off the scent while al-baghdadi escapes from syria or iraq. let's hope it is true. great news if it is true but keep up the fight. trish: indeed, that is what we have to do.
colonel peters thanks very. appreciate you being here today. market everyone still hugging the flat line but we're back in positive territory. of course the news of donald trump, jr., gripping the media today. he is releasing those e-mails between himself and a friend that actually were the impetus to setting up that meeting with the attorney, the russian attorney whose husband had worked in the russian government and of course there is chatter that maybe he might have been working to gather information, donald trump, jr., that is against hillary clinton, and what is the legal implication for him of all of this? "the new york times" initially reporting this, perhaps donald trump, jr., trying to get ahead of the story by releasing these. mails himself. the white house saying that they're referring all this commentary to outside attorneys. we'll have more on it as we continue watching this market. stay with me. i'm back in two. ♪
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go long™. ♪ trish: breaking right now. we're watching market reaction to the news of course that donald trump, jr., has released his, via twitter his emails that he had regarding this meeting he set up with a russian attorney. take a look right there. i want to -- do we know how many point this market dropped? we're calculating the data? how many? we dropped 100 points in the market amid news these tweets or these emails were being released via twitter. market stablized since then. what is affecting markets is of course the whole health care issue and need and importance to get something done. again stabilization, but some initial hesitancy there after those emails were released.
i want to go to general any montgomery scott, chief investment strategist mark lou lou -- luccini. how does this affect investor psychology, when you have donald trump, jr., some consider a wild move, what does that do to investors how they think about the markets? >> this has something to do with valuations. if we were sitting here trading below historical mean valuation in the market, i think the market could interpret the information, let it roll off its back and focus on more corporate-related issues but when you have full valuation, obviously a little curiosity what is going on in the white house, obviously a big down payment put in the equity market by participants expecting and hoping corporate tax reform, the more this helps come out to serve as distraction to contaminate the legislative process the more worrisome for
investors that we will not get a game changing boost by way of tax cuts. trish: you i like way you said down payment. ever since donald trump was elected, we have seen a massive run-up in these markets. i would argue, there is nothing out there, mark, systematically problematic for us. but we're at pretty frothy valuations, you need something to back it up, i.e., tax reform? >> i agree, i think there is relatively fertile underpinning for corporate profits by way of sturdy economics news here at home. we saw ism reports, manufacturing, services. global activity is marked up by the imf and world bank. they're notoriously optimistic, to take down forecast mid-year. this time around they're raising forecasts. that is all encouraging. meantime corporations will have to deliver on the expectations by way the turning revenues into earnings that match or exceed analyst expectations. otherwise this mark goes up. trish: mark, i'm up against a
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trish: busy, busy day. i'm going to be back right here tonight on fox business at 6 p.m. eastern, so i hope you're watching. and tomorrow i'm joining the whole outnumberedded team, sandra, harris and megyn on fox news at noon. liz: trish, thank you. as we all know, russia and u.s. health care are making news, but they now have something in common. they both are holding sway, major sway over stocks in this wild session. first, a trump tweet rattles the market, but this one did not come from the president. and a late afternoon bump after the senate delays august recess to do the people's work. so you see this dramatic, very hurricane key-jerky chart, and it's developing even in this final hour. donald trump jr. in the center of the political firestorm at this hour after tweeting his entire e-mail exchange with the british