tv The Evening Edit FOX Business July 25, 2018 5:00pm-6:01pm EDT
barriers and zero subsidies -- [applause] onion-i auto industrial goods. thank you. melissa: there you go, markets soaring. look at this, this is futures for tomorrow morning. adam: it's a big day and and a victory for the president. melissa: evening edit starts now. >> so we had a big day, very big. we met right here at the white house to launch a new phase in the relationship between the united states and the european union, a phase of close friendship, of strong trade relations in which both of us will win, of working better together for global security and prosperity and a fighting jointly against terrorism. elizabeth: markets soaring on the e.u. trade deal. breaking news for you, president trump just now saying this is a very big day for free and fair trade. they're talking zero tariffs and trade barriers, even u.s.
natural gas deliveries into europe undercutting russia. the president is now head dog a meeting with members of congress. lord conrad black and nigel farage will be here to weigh in. take a check of facebook's stock, dropping after hours after a revenue miss and disappointing user growth. we're on that story. and we will bring you the headlines from secretary of state mike pompeo. he is now facing a grilling from lawmakers on the white house's foreign policy including the trump-putin meeting behind closed doors. thank you for joining us, thank you for watching. money, politics, we deliver the dethe bait behind tomorrow's headlines. i'm elizabeth macdonald, "the evening edit" starts right now. ♪ elizabeth: well, the futures are pointing up 233 points. look at this, you may want to check your 401(k)s. the dow surging more than 170 points, finishing the day at
25,414 after president trump got another victory. he got concessions from the e.u. to avoid a trade war. now during the day, trade-related stocks were in whip saw action. boeing, the u.s. carmakers, john deere, caterpillar all were in play. meanwhile, facebook not doing well after hours after a revenue miss z z and a miss on user growth. let's get to nicole petallides on the floor of the new york stock exchange. you're in the thick of the action, nicole, what's going on? >> reporter: and they loved it at 1:37 p.m. when we got news there may be some sort of deal in the works. we saw dow go from negative to positive territory. and right there in that last hour of trading when we get the news that the concessions have happened. then we see the market jump to market highs. in fact, at the lowest point we were down 128 points, at the highest point 190. so there certainly was optimism. one of the traders came to our booth and said, look how they bend, they love it. he wasn't celebrating that e.u.
concessions. on the contrary. he's so happy there aren't trade wars happening. he loves these negotiations. that's what the traders want to see. we take a look at the winners and losers, certainly some of the names that are related to earnings. here are the winners, microsoft, nike, visa on the downside. of course, boeing out with quarterly numbers and the costs that have been on the rise, and that weighed on the dow jones industrial average in the early morning, down 80 points. and then there was facebook, which you noted, the miss on revenue and users. and joel kalina sent me a note, mobile revenues also slightly below. but what's interesting about this, liz, is the triple qs and all things tech started to move to the downside here in the after hours, twitter, snap, amazon, netflix, microsoft all to the downside. we saw these futures up over 200 points, it'll be interesting in the morn dog see -- morning to see the market higher but do these tech stocks? elizabeth: thank you so much.
president trump just finishing up that joint press conference with the president of the european commission announced concessions by the e.u. blake burman has the latest details in washington d.c. this is great breaking news, huh? >> reporter: yes, indeed. the head of european commission and president trump trying to avert a trade war, essentially, with what they said here in the rose garden earlier today. jean claude said he came to the white house to try to strike a deal, and he did just that. essentially, liz, this is a framework, goals in mind so that these two can negotiate and negotiate going forward as to what they want to try to achieve. the two leaders said they agreed on the following: one, strengthening their cooperation on energy deals like importing liquid natural gas, increasing u.s. soybean sales to the e.u., working to reform the world trade organization and working to bring non-auto industrial tariffs down to 0%. >> we agreed today, first of all, to work together towards
zero tariffs, zero non-tariff barriers and zero subsidies -- [applause] on non-auto industrial goods. thank you. >> reporter: a couple notes though, liz. remember what start this with the u.s. and the e.u., that was the president putting the steel and aluminum tariffs on the european union. the e.u. responded with retaliatory tariffs. now the president is signaling that he is willing to back off those steel and aluminum tariffs, saying he is willing to resolve that issue. also left at least unresolved at this point, the president's awe threat. remember -- auto threat. remember, he has said there could be serious retribution for the european union as it relates to autos. currently u.s. cars get hit with a 10% tariff, cars that come into the u.s. from the e.u., a 2.5% tariff. the president has threatened to jump that all the way up to 20%. that issue was not specifically discussed in the rose garden today, and before the two met a
european union official said if it jumps up to 20%, they could respond in kind with some $20 billion worth in tariffs. still a lot of negotiations to go through going forward, but the two saying they at least want to work together going forward. elizabeth: blake, get out of that rainstorm -- [laughter] go, run for dry cover. great to see you, thanks so much. [laughter] here is more from the president at that joint press conference. let's take a listen. >> we agreed today to launch a close dialogue on standards in order to ease trade, reduce bureaucratic obstacles and slash costs traumatically. fourthly, we agreed to the join forces to protect american and european companies from better and really better than ever. we've never done like we're doing, i can say, from the standpoint of the united states. we've never done this well, but we're going to do a lot better
after we do this deal and other deals that we're currently working on. elizabeth: joining me now is the british peer, columnist, financier and author, a former publisher of major newspapers like "the daily telegraph," we welcome lord conned rad black. great to see you, sir. tough position going in. i don't think anybody saw this coming, what is going on with this e.u. deal with the u.s. >> moving faster than had been expected. i had not thought that mr. junker was uniquely qualified to do this kind of thing. i thought it was a more collegial operation. today obviously came very well prepared and knew things, they obviously have had a very productive afternoon. elizabeth: you know, sir, they're also talking holding off on car tariffs, resolving this dispute over metals. is the president's position of strength going in strong, is that working? here's his tweet. he said, quote: every time i see
a weak politician asking to stop the use of tariffs to counter unfair tariffs, i wonder, what can they be thinking? are we going to continue to let our farmers and country get ripped off? he also went on to say that when you have people snipping at your heels during a negotiation, it only takes longer to make a deal, and the deal would never have been as good as it could be unity. what is your reaction to the president going in strong with all of these negotiations? >> look, i understand his viewpoint, but in the overall american political context at the moment he's not like president eisenhower in 1954. he's not going to get widespread democratic support for anything in the current climate. but i think everybody hopes that gradually this situation will become more calm and will -- and we'll get more bipartisanship across the policy areas. elizabeth: you know -- yeah, go ahead. you know what's interesting? they're talking about a free trade zone with the e.u. is that going to happen? what do you think? >> i think ultimately it might. see, i don't think there's a
substantial problem between the united states and canada in trade. and there isn't a substantial imbalance either. i think europe they can work it out. i mean, they simply have to work it out. i think china is the country against whom the united states has the biggest grievance and has the biggest deficit. but the president has already reduced the trade deficit by half, and he will go on reducing. of he's perfectly right, there's no reason for the united states to run a trade deficit. and that can happen either by being more, making the u.s. market less accessible or demanding better access to the better markets. but some combination of those things over a period will get us there. the details, as you know, in trade negotiations are absolutely incredibly complicated, and nobody except specialists can get into them. elizabeth: you know, lord conrad blacks chinese officials are quoted in the ft saying they understand behind the scenes what the president is trying to do. this is china saying that. they understand how the
president is seeing decline in the manufacturing sector, and the president wants to get high paying manufacturing jobs back. these are chinese officials saying that. >> yes. well, again, i don't want to be gratuitous, but there's historically been some considerable gap between what the chinese say and what or at least when they deliver it. but i don't think there's any doubt the president is dealing from strength. he's at the head of the world's largest economy. it's now putting up absolutely astounding growth numbers. unemployment is shrinking, job creation is extraordinary, 100 billion a month being repatriated from overseas profits. and he's got a very strong hand to play, and he does want to make a grievance. he doesn't want to, he doesn't want the united states to live behind the great wall of china, he wants it to be active in the world but on a fair basis. he's not a protectionist, he's a fair trader and not a mercantilist. elizabeth: senators grilling
secretary of state mike pompeo on capitol hill right now. here's democrat bob menendez questioning him on what exactly was said behind closed doors at the trump-putin meeting in helsinki, finland. let's watch. >> has the president told you what he and president putin discussed in their two-hour, closed-door meeting in helsinki? >> i'm confident you've had private one-on-one meetings in your life as well. you've chosen that setting -- >> i just asked you a simple question. >> i just -- >> mr. secretary, did he tell you whether or not, what happened in those two hours? >> yes, senator. the predicate implied some notion that there was something improper about having a one-on-one meeting. i've had a number of conversations with president trump about what transpired, i was also present when he and president putin both gave with us a sense of what they discussed in the meeting immediately after, i've also had the chance to seek with sergey lavrov are twice. i think i have a complete understanding of what --
>> did you speak to the translator who was at that meeting? >> no, i haven't. >> have you seen any of her notes? >> senator, i have never -- i've been in lots of meetings, i've had lots of note takers and translators, i've never relied on the work that they did, and it does the not need to be done here and won't be. >> did the president discuss relaxing u.s. sanctions on russia including -- [inaudible] >> senator, the u.s. policy with respect to sanctions remains completely unchanged. elizabeth: sir, what's your take on all of this? >> well, you've got two a peblghts. on the one hand, it's absolutely outrageous and insolent for these democrats to purport to need to talk to the translator to check to see if the president made important concessions to a foreign leader. it is a preposterous and outrageous thing to do. no one ever did that to president roosevelt when he came back from tehran or president eisenhower when he came back from geneva or any of the other meetings that all the presidents
from those days right up to obama have done. and the president of the united states does have the powers that he possesses under the constitution, and they include the ability to speak with some authority requiring subsequent ratification if it gets far enough with foreign leaders. on the other hand, i think what we are seeing is, be we look for it and do so in an open mind, is the beginnings of a possible agreement between the united states and russia to evict iran from syria, lebanon and gaza. and that is what the united states really wants from russia as well as an end to its he can or to having -- hectoring of you crane. and i think you see the beginnings of that. but the president of the united states whoever it is, whatever the alignment of the parties has to be able to do his job. elizabeth: that would be extraordinary, if that's the end
gain, to get iran out of that theater. finish quite, quite an extraordinary development. we'll stay on that story. lord conrad black, thank you so much for your insight, sir. >> thank you, liz. elizabeth: let's take a check of mark zuckerberg's facebook. the company's stock not doing well after hours, a huge revenue miss, disappointing user growth as well. coming up, we have the money guys here to weigh in on you and your money and all of what's going on with facebook. also democrats now believing that their version of the republicans' tea party -- remember the tea party? propelled the republicans back into power back in 2010? but the democrats think it's the socialists that will get us there. we've got a guest who says, you know what? jfk would not even recognize the democrats of today. but first, a growing list of democrats calling for i.c.e. to be abolished as 133 democrats refuse to vote on a gop resolution that merely expressed support for i.c.e. we've got one of the 18 democrats who voted to support i.c.e. he's democrat new york congressman tom suozzi.
he joins us later in this hour to talk about his support for the border guys. after the break, stay there. ♪ it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management.
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>> get rid of it, start over, reimagine it. >> look at i.c.e., what a group of incompetents. >> i.c.e. has strayed so far from its mission. it's supposed to be here to keep americans safe, but what it's turned into is it's, frankly, a terrorist organization of its own. elizabeth: a growing list of democrats now calling for i.c.e. to be abolished, this as 133 democrats did withhold their votes on a republican resolution that merely expressed support for the border guys, support for i.c.e. joining me now, a democrat who did vote to support i.c.e. officers, he is new york
congressman tom suozzi. great to see you, sir, thank you so much for joining us. >> thank you for having me on. elizabeth: sure. what was the reasoning behind your vote? >> i thought it was a political stunt, quite frankly, and i do support the i.c.e. employees and the work that they're doing. it's very important that they're going after the different problems they're going after, and we need to support those people. i don't agree with all the policies of this administration, separation of children and other policies, but i do support the organization. i thought the idea of abolishing i.c.e. was abolishing the irs. we're not getting rid of the irs, it's got to be there. and we're not going to get rid of i.c.e. do we need to change some of the policies? of course we do. elizabeth: this feels like it's splitting the democrat party because maxine waters, she now says she is also against getting rid of i.c.e., and she would rather it be reformed. you know, when the voter out there says, you know, sees democrats saying get rid of i.c.e. and then you see all sorts of problems in this country with this sort of open
borders ideas, i think that voters are going to go for that. we have a democrat candidate who was booed for supporting i.c.e. at primary debate in arizona. let's watch this. >> you would have declared your support for i.c.e. agents -- >> boo! elizabeth: so she raised her hand and got booed, sir. what's your reaction to all of that? >> i think, first of all, most democrats support secure borders, and i support secure borders. we need to make a deal with the president to secure our borders more effectively. at the same time, trying to provide a path to citizenship for the dreamers, for example. let's make a deal. let's not complicate this. let's say more secure borders. we've been dealing with this problem for 35 years, and let's solve some of the other problems related to the dreamers, for example. elizabeth: well, the president did have a deal for 1.8 million dreamers, and he feels he was obstructed by the democrats, how come you guys can't together and do a deal? >> first of all, the democrats, nor the republicans are not a
monolith -- elizabeth: understood. but this -- >> let me make -- elizabeth: the voter wants a deal. how can there's no deal? >> it's been a problem for decades -- elizabeth: understood, but how come you can't have a deal? >> a good way would be to have a conversation that's not interrupting when people are trying to talk. why introduce legal immigration as part of this? 90% of americans think we need secure borders -- elizabeth: okay, we don't want talking points, i'm just asking how come there's no deal -- >> you don't want talking points? what does that mean? elizabeth: i'm asking why there's not a deal, that's all. >> because the congress is dysfunctional, because people are not negotiating with each other. because we have a big problem with people unable to communicate with each other and instead just using sound bites and attacking each other. elizabeth: that's a good point. >> the people in america want the same stuff, and they say why can't you just sit down and get it done. and the reality of the situation here is that the president is
not negotiating with the democrats, the majority is not negotiating with the minority, and we can't sit down and actually get deals done. elizabeth: i hear what you're saying. i understand. what's to your take on comedienne michelle wolf comparing i.c.e. to isis? i want your reaction. let's take a listen, watch. >> it's popular nowadays to say i.c.e. is bad, but there's no better representation of american values right now than isis. and as an equal opportunity the employer, we accept all levels of experience and session from low to very low and actively welcome those with diagnosed anger issues. take it from me, no organization is better than isis. elizabeth: okay. do you agree i.c.e. is isis? >> i think that's terrible. you know, it's supposed to be a comedy sketch. i don't think it was funny at all, and i really don't like the idea of people trying to denigrate the people doing these jobs. these are tough jobs, these are people that are trying to serve the public, and the idea of
denigrating these employees is a bad idea, it's bad politics, it's bad comedy. we need to be trying to fix the policies in this country and not denigrate the people who are trying to do their jobs. elizabeth: you know what, congressman tom suozzi? you are a refreshing voice. you're to the point, you're frank, you're terrific. we want you back on the show, that was great. thank you so much, really appreciate your thoughts there, sir. >> thank you, liz. elizabeth: okay. after much criticism in an historic trade deal with the e. utah, the futures are pointing higher. last we checked, up 233 points. coming up, we've got a man who is used to pressuring the e.u., trying to straight isen them out. nigel farage. he's talking here, today, about the president's victory with the e.u. trade deal. also billionaire mark zuckerberg's facebook, his company's stock tanking after hours, huge revenue miss, disappointing news of growth. the money guys are here to weigh in on what's going on coming up after the break. h you.
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elizabeth: well, we're tracking facebook. the stock is taking hits. the stock's losses are deepening after hours. a big revenue miss, a big miss on user growth. we're bringing in the money guys right now to weigh in. let me bring you back up to speed. facebook is down more than 13% after hours. let's bring in gary b. smith and michael lee. good to see you, guys. is the tech bubble bursting, or is this just bad news for facebook, gary? >> well, what, yesterday it just hit an all-time high, so it's probably a little bit of profit taking from what i gatherer. the earnings were good, the revenues were could down. i've never personally liked the stock. i always thought it was more like a trendy retailer, although it's been trending for years now. i think it's, quite frankly, easily replaceable. it reminds me of the old browserrer wars, is there any
barriers to entry to facebook other than their enormous amount of users? i don't think so. so it's a stock i have avoided for years. elizabeth: do you buy the dip here, michael? >> absolutely. i disagree with gary in that. this is the most targeted advertising platform ever created, and that's what's created all the value -- elizabeth: people get tired of being on facebook, but -- [inaudible] >> they also own instagram and what's app, and they have yet to monetize anything from what's app in any real big fashion, and revenue was still up 43% year-over-year. we saw this with netflix a year or so ago. elizabeth: let's get to the breakthrough deal with the e.u., gary. were you surprised at the president winning? president trump secured a historic trade deal with the e.u., gary b. they're talking zero tariffs and barriers and holding off on the car tariffs and resolving the metal tariffs. gary b., will the president's critics be silenced right now? he looks like he's winning.
he's getting stuff done. [laughter] >> well, there's a couple questions there. one, will the president's critics be silenced? no, of course not. [laughter] they'll find some, you know, enormous flaw in his strategy. but should we be surprised? no, i remember a couple weeks ago president trump mentioned kind of just in passing that he'd like zero tariffs. i think that's the way trade should be operated period, let all trade be free. if this really comes to reality, it's historic. elizabeth: yeah, it's a big deal. the futures pointing north bigtime, up 233 points right now. the market's loving this, michael. you know, this could reset the table with china as well. we were talking earlier with lord conrad black, michael, this is really interesting. chinese officials say behind the scenes they understand what the president's trying to do, that he's thinking long term. we think in this country short term in that 2446 hour news -- 24-hour news cycle, but they get it, they get what the president wants. bring back high paying manufacturing jobs, rebuilding
the manufacturing base. do you think this could reset the table with china, what he won with the e.u.? >> i think what's going on is going to happen everywhere. first of all, i don't know -- i think this is a win-win deal even though the e.u.'s giving up their tariffs. they're going to improve their economy over time. okay, these barriers to entry, you know, they deter foreign investment. these tariffs, they're taxes on their own people. these overregulations, you know, they spur, you know, they take away growth from you, and they take away future growth. so china needs to take a look and open up their a markets, and it will ultimately -- elizabeth: quickly, e.u. a big victory for the president and the market's going to love it tomorrow? >> absolutely. elizabeth: what do you think, big victory for the president? >> totally agree. i think we're on our way. we back up maybe to those january highs. elizabeth: wow. we may have 5% gdp growth coming friday. we're on these stories. gary and michael, thank you so much for your time. love you, guys. >> thank you. elizabeth: democrats now think that their version of the
republican tea party, this was the republicans' path back to power in 2010, the tea party, but for the democrats it's the socialists. coming up we have a guest who says jfk would not even recognize his party today. but first, after much criticism, a breakthrough with the e.u. markets now jumping, coming up we have a market who is used to pressuring the e.u. he is european parliament member nigel farage. he's here to talk about what a day it was. thank you so much for joining us. nigel farage after the break. ♪ you're headed down the highway when the guy in front slams on his brakes out of nowhere. you do, too, but not in time. hey, no big deal. you've got a good record and liberty mutual won't hold a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges... how mature of them. for drivers with accident forgiveness liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty ♪
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>> when i was invited by the presit to the white house, i had one intention. i had the intention to make a deal today. >> this was a very big day for free and fair trade. elizabeth: well, the markets now doing a 180. the markets are up, futures up 200 points, an historic trade deal. they're talking zero tariffs, zero trade barriers. that was the e.u. delegation meeting with president trump, agreeing -- it is a new day in trade and an effort to ease relations with the u.s. and avert a trade war. someone who is no stranger to getting the e.u. straightened out is european parliament member, he is nigel farage. he joins me now. you've been saying trump pressuring the e.u. was a great deal all along. great to see you, looks like what he's doing is working. >> this is remarkable.
even i can't believe it. the european commissioner is not elected, so he's got no threat of being removed. i'm guessing now that the pressure that came on from german car manufacturers must have been absolutely enormous. what is even more remarkable is over the last few months the global media have portray trump as bad guy, e.u. good guys. the truth of it is the protectionist european union has now been forced by trump into taking an approach that is more towards free trade and fair trade. it is not only an extraordinary day, but a massive, huge victory for president trump's position. well done, him. elizabeth: you know, nigel, you made an important point, because media has been going after trump saying he's the one being protectionist, they were pummeling him, and the white house appropriators, you'd think they'd be interesting -- reporters you'd think they would be interested in talking about this deal, but here's the
questions they tried to ask after this breakthrough announcement. let's listen to the reporters on this announcement. watch. >> thank you very much, everybody. thank you, thank you. [inaudible conversations] >> michael cohen -- [inaudible] >> mr. president, did michael cohen betray you, sir? elizabeth: about the michael cohen tape and putin. [laughter] i mean, this is a president resetting the table for the e.u. to be free trade. go ahead. >> it's the president resetting what is, in a way, the biggest trading relationship in the whole of the world! elizabeth: right. >> and all they can talk about is gossip! you know, and, quite frankly, you know, i was over in america last week, i was out in pennsylvania during the weekend out mixing with real americans, and you know what? when it comes to all this stuff about trump and rumors about stormy daniels and talk about collusion with russia, and what i found out there in real america is nobody is interested in what mainstream media's got
to say on any of this. what they care about is having a president that believes in the country, stands up for it and is doing good things for their economy. and that is what really, really matters. although i must say to add is it's a mystery to me how donald trump many one day -- in one day with a meeting with the commission president can conclude a much better trade deal, prime minister theresa may so far has spent two years negotiating brexit and is has got nowhere. and i want you, please america, lend us president trump for a couple of weeks -- [laughter] to sort out brexit. i think we need him. elizabeth: well, we'll see if we can to that for you, nigel. [laughter] ill like your reaction to this: meghan mccain schooling "the view" hosts on what socialism really is. let's take a listen to this. >> the problem with socialism in the words of margaret thatcher, at a certain point, you run out of spending other people's money. venezuela, one of the richest
cups in the world in the '70s, the average venezuelan has lost 24 pounds because they're starving to death -- [inaudible conversations] >> i think she's talking more about scandinavia than venezuela. >> name one country that socialism has ever worked. i think you should start paying the amount of taxes that every socialist in this country thinks you need to, because if you think the government is good at spending money -- >> go ahead. all right. [inaudible conversations] >> -- small country in europe? >> can i finish -- elizabeth: clearly, joy behar doesn't know what she's talking about. do liberals really understand what socialism is? met me back up. we have tinges of socialism here, medicare, medicaid, social security. they're veering toward insolvency. joy behar is talking about the scandinavian model, but even they say they're free market democrats with a welfare state. >> sweden was always held up to be the example of the one
country in which high taxes and high state spending could work. a relatively small country, just a few million population. and yet one of the other doctrines of socialism is, of course, we're all world citizens, we've got to have free movement of people, and now malmo has become the rape capital of europe. whether it's economics, whether it's social issues, socialism fails every single time. elizabeth: i mean, socialism is north korea, venezuela, it is cuba. you know, i'll tell you something, when you have the prime minister of denmark saying to bernie sanders, listen, stop calling us socialists, we're not socialists, we're a free market economy with a welfare state, that is the social democracy with the welfare state. i mean, i just think we need to get up to speed on what socialism is, nigel. final point. >> well, look, i think the fact that the democrats are now beginning to select candidates to fight in the midterm elections like ms. cortez who are way out on the left who seem to think money grows on trees,
that the world is an easy place, the more loop-held socialists they pick, the better it's going to be for trump in the midterms. elizabeth: nigel farage, great to see you. okay, you just heard nigel talking about this. we're staying on this story. democrats now believing their version of the republican tea party, that was what propelled republicans back to power in 2010. they think it's the socialist way that's going to get them back into power. we have a guest who says john f. kennedy wouldn't recognize democrats of today. ned ryan is speaking out next. stay there. ♪ >> ask not what your country can do for you, ask what you can do for your country. ♪ ♪ this is not a bed.
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meeting someone who's 85, 90 years old, can't get around, has no food, has no water, and just wants to give up and die. and that's where we come in. we are called to comfort these people, to be a blessing to their lives. - [voiceover] for just $45, we'll rush an emergency survival package to help one desperate elderly person for a month. call right now. - [eckstein] call the number on your screen. - in ukraine, there's no supper network. they don't have food cards or neighbors that come in to help. they're turning to us because they have nowhere else to turn. - [voiceover] your gift is a life line to help these elderly jewish holocaust survivors, help them to live out their final years
with dignity and love. call right now. - [eckstein] call the number on your screen. - what i pray is that you won't turn your eyes, but you will look at their suffering and your heart will be changed. - [voiceover] with your gift of just $45, we can rush an emergency survival package to help one desperate elderly person for a month. call right now. - [eckstein] call the number on your screen. elizabeth: august shaping up to be a blockr month for the midterms, the season kicking off, six states holding primaries, florida, michigan, kansas, wisconsin,
arizona. ohio also has a special length. this as the democrats believe that their version of the republican tea party -- remember, that propelled the republicans back to power about eight years ago? -- their version, the socialists. they are the loudest voteses in the room,.com -- voices in the room, dominating the democratic agenda. it's the democratic socialists who are the what can you do for me party. you're going to pay trillions for what they want. the government's own data show that. but remember when voters liked the democrat message under jfk? let's take a listen. >> ask not what your country can do for you, ask what you can do for your country. >> we will not rest until every person in this country is paid a living wage to lead a dignified life. medicare for all, tuition-free public college. >> it is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws we have seen in recent years, and
we must do more to stop it. >> we simply cannot allow people to pour into the united states undetected, undocumented, unchecked -- >> we do not want to do anything to encourage illegal immigration into this country. >> they are on a jihad to deport as many people as they can. >> we should -- [applause] i think we should get rid of i.c.e. immigration is our strength. >> occupy every border, we need to occupy every i.c.e. office. >> every dollar released from taxation that is invested will help create a new job and a new salary. and these new jobs and new salaries can create other jobs and other salaries. >> the republican tax plan will be full of tricks for the middle class and full of treats for the wealthiest americans. >> just to be a middle class tax increase. >> wealthy americans, big fat christmas present for you. tiny tim? we're taking your crutch away from you.
elizabeth: let's get reaction from american majority founder and ceo ned ryan, joins me now. do you -- what is going on with the democrat party when you listen to the democrats of, you know, days gone past? >> it's amazing, it's almost like in the blink of an eye they've gone to being full-on socialists. medicare for all would cost us $32 trillion over ten years. and this is really just the democratic party of jfk in name only. the democratic party is being eaten from within by the far-left donors and grassroots because they've understood something, liz. a party is what people say it is, and the people that say what it is are those that win primaries and show up at conventions. and the progressives have been making a very strong move, and that's why you see the 200 hopefuls like -- 2020 hopefuls like elizabeth warren, kristin jill brand -- gillibrand.
i think it's kind of refreshing in some ways, liz, that they're dropping the masquerade and saying we're not center-left, we're just going to go full-on socialists, because i've always thought they've been for big government. they've always thought the add morive state holds all the answers, and it's amazing, liz, as you look at venezuela? elizabeth: yeah. >> this country's imploding. used to be the richest country in south america, now they're eating rats. elizabeth: you know, we also have this, ned, number two house democrat steny hoyer says he spoke with alexandra cortez on her primary victory. remember, she had a low turnout, maybe 30,000 votes. he urged her to focus on democrats winning back the house. quote: i think she has an understanding that not everybody has the district she has, meaning that they support socialism in her district. so, you know, it looks like steny hoyer, are they strong enough to push back?
>> i think we're probably seeing a whole transition in which they're kind of on the last stages of seeing these older -- nancy pelosi, steny hoyer, some of the old establishment because i really do think the progressives are going to go further and further left. the democrats are in a very tough position. the energy, the money on the democratic party is from the left, but their views are only represented by about 25-33% of the american people when you start to look at all these issues. they have to kowtow to the left in primaries, but then they find themselves well outside the mainstream of the american people, and i think it's going to lead to issues for them in 2018 and 2020, because i think the american people have a lot more common sense than to vote for socialism. they understand free markets make for a free people. elizabeth: ned ryan, great to see you. >> thank, liz. elizabeth: attorney general sessions blasting campus culture. my next guest says it is liberal colleges where socialism begins.
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elizabeth: let's take a check again of fac. the stock is down nearly 20% in after-hours trading. disappointing revenue growth, disappointing user growth. let's now get to this story. watch. >> they have cry closets, safe spaces, optional exams, therapy goats and grade inflation. some schools are doing everything they can to create a generation of sanctimonious, sensitive, supersuggest yous snowflakes. we're not going to have it. [cheers and applause] elizabeth: attorney general jeff
sessions blasting campus culture for creating what he calls, quote, supercilious snowflakes. let's bring in campus reform editor in the chief lawrence jones. great to sew you. your -- to see you. your reaction to that? >> hey, e. mac. i'm normally critical of the attorney general, but he's spot on. we've been reporting on this for a long time where they are targeting conservatives on college campuses, where they're spitting on conservatives on campus just because they don't like what they stand for. and there's really been this antifa movement whenever they don't like the conservatives' freedom of speech, they decide to be violent. it's about time they start punishing these students. they're breaking the law. elizabeth: have americans had their economic knowledge successmatically dumbed down by the media and the universities, because polls show many college graduates do like socialism even though they've never lived urned a true -- under a true socialist
state like north korea. and a majority say they have been trained, quote, trained to hate capitalism and free markets. your reaction to that. >> look, i report on it all the time. these professors are teaching these kids this. and part of the problem, liz, is that they really don't know what they're supporting. the left have become so good at messaging when it comes to millennials who i would note is the large, the growing largest voting bloc which is really dangerous. and a profit conservatives, we've been laughing at this, but i think this movement is gaining steam. they may not win the next election or the next election after that, but these are our future leaders, and they support socialism. and it's scary. elizabeth: yeah. let's switch gears. an oregon high school student sued his local school district after he says he was removed from class for wearing a shirt supporting president trump's border wall. it's the hillsborough school district now has to pay this former student, addison barnes, 25 grand.
here he is saying in a statement, quote: i brought the suit to stand up for myself and other students who might be afraid to express their -- [audio difficulty] going on on college campuses? >> oh, yeah. but it starts very young. this was at a high school level. and they tried this whole fear tactic. just because the kid supported a wall, which a lot of americans do, a lot of democrats supported in the past, then now he's racist? come on, give me a break. students should be able to -- there's a lot of people that don't like their speech, liz, but they have the freedom. and it's going to start with the press now standing up for the same amendment that they take on the president on, the first amendment. elizabeth: lawrence jones, great to see you, sir. come back soon. >> thanks, e. mac. elizabeth: we're still watching the dramatic drop in facebook stock. it is continuing to fall after hours, down 24%. we'll bring you the latest after the break. stay there. ♪ .
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lizmark zuckerberg's facebook plunging after hours. charles payne is here with making money. i'm charles payne. moments ago it felt like we won the conference championship, now we go to the super bowl. the dow jones surged into the close off potentially a huge trade win for president trump and america. president trump make the announcement moments ago that the united states struck a deal with the european commissioner president jean-claude juncker *. president trump saying before the meeting with president juncker he wants everyone to be on