for that matter. >> i liked tom. he was a pretty good guy, very intelligence. >> reporter: jeff rodriguez was tom's boss at the weld county jail. they were corrections officers. >> he was a good employee. he had a son that was sick so he did miss more work than most fellow officers liked. >> stressful caring for a sick child, so maybe their new year's eve party was a way to hope for better times and take a break, too. ashley's adoptive dad joel was at the party. >> there was dancing going on and people were having a good time. >> reporter: and ashley seemed to be having a fine time said andrea. >> she and tom seemed to be getting along fine. >> they seemed to be getting along fine. >> reporter: that's when ashley and andrea went off into the kitchen, had a little party of their own. >> what were you drinking? >> jungle juice and jell-o shots. >> oh, my. yeah. >> i was having a good time. i intended to have a good time. >> reporter: there was one unusual thing, though, said andrea, ashley had just gone through somethi

greg: tom? >> maybe animal farm by george orwell, change my life made me realize animals are a bunch of dirty communists. [laughter] [applause] greg: joe? >> lord of the rings, for favorite book and movie. should have got that hot loving. [laughter] >> i will be honest, i am a little freaked out right now because animal farm is one of my favorite books because i like boxers so much, the character. but he said it but now ew. i have to go with where the red fern grows. my favorite book. greg: where did the firm grow by the way? >> you overnight, stop. move on. [laughter] greg: there were like 80 books you are forced to read when you're young. like i didn't like, what is to kill a mockingbird? i did not like the book. because they forced you to read it. >> you are an english major have to read some books. >> i like the fall. i also like the bible. unspeakable truths by greg gutfeld. you can get it in paperback by the way!i am shameless. next question from nathan. he tweeted to us, who are the crew

tom: according to tom porcelli. tom p.: [laughter] nejra: i have been focusing on the dow transportation index, lagging on the industrials. they both have to rally to be bullish on the stock market so stock bulls might take fright. do you take fright at the transportation index has been lagging? tom p.: one thing we have to keep in mind as you have a fundamental backdrop in the united states that does not get much better than where we are. i am not making the argument that it is perfect, but it is pretty darn good. you have this nice backdrop wrapped in the context of the fed about to cut rates. in the immediate term, this is more of a risk on backdrop. i think you pay the piper sometime down the road, but for the immediate term it is a green light for risk. nejra: great to have you with us, tom porcelli stays with us. viviana hurtado is standing by. viviana: the u.s. and china are struggling to find a path forward in trade talks. has been slow progress. trump complained china is not buying the large amount of farm

tom: thank you so much. it has been an extraordinary set of days in washington, truly historic within america's arch debate on race. biggestdealing with the bully i have ever had to deal with in my lifetime and trying to push back on that, and trying to do the job we have been sent to do, centered around the people at home. this is a distraction and a person who wants to vilify immigrants and communities of color. tom: on cbs this morning, kevin cirilli joins us, our chief washington correspondent. for as a you look response from the white house by tweetathon, a response? trumpkevin: president continue to reiterate his comments. i am focusing on whether or not the squad, those for lawmakers theyy aoc, whether escalate their tension with nancy pelosi because yesterday -- i don't want to get too in the weeds -- but yesterday speaker pelosi having the condemnation vote on the house floor, she was facing pushback within members of her party that she was not going far enough and that is the wedge right now within

tom? >> t if i could talk to my younger self, i guess i would say tommy get some of that hot l ovin. >> greg: really? >> yeah. >> i'm so disturbed by this answer. to be clear just because it's y you saying it. >> he's saying it to himself. >> and you call yourself tommy? >> does anyone else not get the fact that he went back in time? >> [applause] >> can i change my answer? >> greg: yes. >> go back and get some more of that hot lovin. >> [applause] >> greg: if i went back in time i'd go back to when i was in eighth grade and don't believe the priest when he said "that'll make you go blind." >> [applause] >> greg: the weird thing is though i am kind of legally blind. maybe he was right. anyway, next question is from jerry. she writes so she asks what's your favorite movie, song, and book, but for time, just pick one. what's your favorite movie, song , or book? i think that i know what kat will say. what's your favorite whatever? >> my favorite movie, anybody know? come on. you don't't know?

tom etheridge, nice to meet you. >> tom, how are you? >> good. >> this is the headquarters for worldwide trailer? >> this is the headquarters. >> did a little research. the product you guys make is good. >> yeah. >> now, how much--how much revenue is your company doing? >> we did 4 million last year. >> and so how much of that actually fell to the bottom line? how much did you make? >> maybe 400,000. >> how many will you make a year? >> about 125 trailers a year. keep in mind, not all trailers are food trailers. even though that's what we specialize in, we'll build emergency command post trailers. we've built mortuary trailers, casket trailers. we're pretty good at what we do, marcus. we've been doing it for a long time. >> who's that? >> that's kita. >> that's kita. that's the shop dog. >> yeah. >> whose dog is that? >> mine. >> it's my dog. >> no. >> [laughs] >> no, that's my dog. >> your dog, his dog? >> no, it's mine. >> oh. >> used to be my dog. >> no, it was ours, and she stays with me. >> oh. >> we were a couple for 20 years, but

tom: you are narrow. robert: even that is not good enough, which is why it is a relief to have us and piper join. tom: are you in trouble with jimmy done for talking about this? robert: he made the deal and it makes a lot of sense. tom: bear stearns, there it is, robert albertson. francine: there is a little bit of breaking news. majesty'sm derek, her announcer to the united states, will resign after being mired in controversy because of a leaked memo. the president taking no prisoners, saying he was an adequate. stuckminister theresa may by her ambassador for a couple of days. we are just hours ago that he was determined to get on with business as usual and the fact that he is resigning feel significant in the relationship between the u.k. and u.s. tom: i guess expected is how i would put that. much more on this from our london office. robert albertson thank you so much, from sandler o'neill. chairman powell in the 10:00 hour. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. w

tom: from the anchor. james: if you get inflation down toward zero and unemployment is -- that is anet outlier scenario and not likely at all. even if we have a recession, it is unlikely we get that kind of force of falling inflation to get us to 0% on the 10 year. nejra: james sweeney from credit suisse stays with us. we talk 50 years since human beings stepped on the man for the first time. a space-russia become race between the u.s. and china? this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ i am nejra cehic in london with tom keene in new york. a bit of a gloomy day in london. buts

tom: thank you. coming up, hong kong, the day after, our team at our hong kong bureau. 12:00, driving forward the conversation on hong kong, ian bremmer. futures at negative three. this is bloomberg. ♪ ♪ most of us don't know how much data we use, but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots, combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data by the gig. use a little, pay a little. use a lot, just switch to unlimited. get $400 back when you buy the new lg g8. call, visit or click today. ♪ good morning, everyone, francine lacqua in london, tom keene in new york. an extraordinary day for "surveillance," yesterday covering hong kong. just extraordinary what we saw in the news forward through the day and into this tuesday. ,ur bureau chief in hong kong fiona lee. how normal is today in hong kong? : right now, business has been back to norma

tom: right, right. scott: so tactically. tom: that is the keyword. i've got to tactically get to july 31 and then i've got to tactically get to august without seeing my portfolio blowup. where will euro be at the end of the year or 12 months out to assist me in salvaging capital? what is the euro dynamic right now? jane: once again, we do think the ecb will cut interest rates in september and the ecb remain on this very dovish stance. that is going to take the wind out of the sails as far as market consensus. we do think there is a risk that euro-dollar could come back down as the market represses expectations. the ecb will retain a dovish stance. francine: what do other negative yields mean for your mandate? scott: for u.s. dollar investors, because of this -- steepness of the european yield curve and the differential working for you, european bonds are attractive. for european investors, slightly different dynamic. is very steep, although negative yielding. so, the carry on european rates, although negative yielding, is still relatively positive. f

tom: right now, mr. diamond saying the usual -- we had a strong second quarter, diversified mobile business model, market performance was relatively steady on slightly lower credit volume. the single headline i find -- 4.1dinary is 4.1 year percent revenue growth year on year. that is a pretty good number. thomas: we had been looking for 1.9% on an operating business so we would love to see if there is nonoperating numbers in there. trade web was a big investment. i don't know what jp morgan's position was, but the headline number looks strong. tom: a meaningful increase to our dividend and repurchases, that is the story. sonali: we already knew it. average total loans up to percent. that is -- up 2%. that is much lower than a year ago. 7% total growth in loans. nejra: second quarter equity sales and trade revenue coming in at $1.37 billion so a miss on the estimate. investmentter revenue, $1.78 billion, a little bit of a miss on both of those numbers. i am being told that shares are starting to climb. s

--ncine: are you worried sorry, tom. tom: please. francine: do you worry there are too many politicians at the ecb, or do you assume the chief economist will take a bigger role in they will balance each other out? andreas: i don't think there are too many politicians at the ecb. you could say there were too and it wasticians not working so things have to change. tom: i was going to say something cute about a ivanka trump but we won't go there. int a shock, somebody monetary policy has actually had to run a budget. plus plus.uge plus can we get to a mechanism of fiscal advancement in europe, or is that a pipe dream? andreas: you what think that you can. wolfgang has just set it and written about in the past. without different redistribution mechanism in the e.u. to help some of the country suffering from the relatively expensive euro, without a revision of the tight fiscal policy in germany, and germany playing a more locomotive role in europe, it is difficult to get out of this delays. i -- mallett's. -- malaise. i am not sure christ

tom: chris grisanti. francine: mark carney still giving his address to reporters and analysts for the financial stability report, talking about , saying's fund freezing that issue is symptomatic of a broader problem. consistent with the uncertainty effects on business. we take note of that. that firstcial is and foremost, we maintain elements that make the united kingdom such an attractive place for investment, starting with the macro economic framework, which this is one part, an important part. that focus is on openness to trade and investment which has been a hallmark of this economy. governor, there are not any jobs bigger than what you are doing but being governor of the imf, are you interested in that? point, it is an absolute privilege to have this role. ♪ wanna take your xfi to the next level? now you can with xfi advantage. giving you enhanced performance and protection. when devices are connected to your home's wifi, they're protected. helping keep outsiders from getting inside. and if someone

tom: why not? komal: the market will cut rates more and more and they will not reach to be -- they need to be easier. tom: the president is hypercritical of mr. powell and the fed. we can assume this president would be hypercritical of any fed regardless of the leader. is the fed following the events or is the fed causing the events as president trump states? komal: the fed is following the events, following the markets, and unfortunately powell and his colleagues have given the impression they are following trump. they are no longer the leaders in the markets are aware of it, which is why they will look for several cuts and more easing, probably going into quantitative easing one more time, because they have become followers. francine: where do you see dollar by the end of the year? will we see stronger dollar and how much of a headache about the? komal: i would say the next two months, assuming a 25 basis point cut this afternoon, you will see the dollar appreciate against the one because the u.k

to you and i swear it's tom cruise. it's like he's really here. >> it really is bananas. that's what everybody here thought. >> but first, this will take your breath away. "top gun" sequel news as the first scenes finally take flight. >> mr. tom cruise! >> love the feeling. 34 years ago, i made a movie in san diego right here. i actually shot it across the street at a restaurant. this is our very first trailer. you are the first people in the world to see it. >> the 57-year-old top gun himself surprised everyone inod. >> everything you see in this film, obviously, it's for real so, we are working with the navy, all of the flying that you see in this picture, everything is real. i really wanted to give you all an experience of what it is to be inside that aircraft. >> the moment this shot played the entire room erupted in cheers. tom speeding on his motor cycle, engaged in a dog fight. and our favorite? he recreated the iconic volleyball scene. >> it's one of life's secrets, sir. >> costar jon hamm told all. >> the aeria

tom: i love that. it very much feels like the fed has been a huge, depressing impact on equity volatility and the vix. i think they will struggle to have the same impact if we see to terry ration coming in from corporate earnings, some kind of exogenous shock or a general slowdown in the macro backdrop. the risk of a spike in the vix at some point, that could be elevated. tom: go ahead, please. nejra: the risks of that volatility climbing might also be evident in the fact that they vvix has been climbing. we are getting towards seven on x was in april. does this chart cause you concern. >> there is not as much confidence in the low level of the vvix as it appears. is just telling you how many people think the vix might move. there is some cause for concern as far as volatility markets but going into a in earnings a season, it's interesting to note stocksparity between volume between index volume has been high for a long time. on aning that although index level, market looks calm and people are more wor

tom: i agree. which showsa chart these troubled banks in europe really from a normalized point of 2007. down we go together, and then there is a deutsche bank superiority over the challenges of italy in the latter part of the decade, and then they have really collapsed down here to great difficulty. i don't think people understand the challenges of equity reduction at these two banks. nejra: what is interesting, if you look at the share price today, i love that you have the long term there, tom. but right now unicredit is barely moving at all. ross, does this tell you that investors have heard enough with cost-cutting and they need to see revenue growth? ross: i think that is true. certainly the implication has been that the new plan is a move toward growth and toward repositioning in some ways. because the first three years have all been about cutting, readjusting, cleaning up, very costly endeavors. the ceo has been considered very successful with it. he has tied up a lot of loose ends in the las

tom: makes sense. mickey: if you think about what is implicit in that, do they need to ease more what's will rates more- push negative? tom: what do we do in the real world of investment? what do we do, given the cacophony of economics, including negative rates? lindsey: it is a difficult position to be in, particularly with all the uncertainty from the fed to trade to what earnings will be and how companies will continue to operate over the next six to 12 months. you need to be more defensive than you have probably been in the past. we raised health care to overweight for market weight. we brought consumer staples up. tom: what about banks? lindsey: we are underweight financials. if the fed is going to ease like the market expects come up that is not a good operating environment. competition for the banks has increased precipitously and loan growth has been ok but has not taken off. tom: i am not going to ask her about deutsche bank. mickey levy and lindsey bell with us to get us started and a spirite

tom: thank you so much. transparency, bloomberg has also invited iran's ambassador to the united kingdom to join us for an interview and we are awaiting a response. this is bloomberg. ♪ ♪ our great party is languishing and the polls. johnson speaking and jeremy hunt also appearing at the event in darlington. johnson wants a better brexit deal and will be totally ready for no deal on october 31. let's get back to vasileios gkionakis. you are talking about a balanced risk exposure now. are you bracing for more volatility across asset? vasileios: that is an interesting question. i think, given where we are in the cycle, we are likely going to see a tendency for higher volatility. however, if we get a synchronized response by major central banks toward easing, that could dampen the increase in volatility. if you look back over the last 10 to 15 years when we had a synchronized response from the major central banks, that tended to suppress volatility. we are going to go through bouts of increased volatility,

francine, tom? francine: the turkish lira kened.d after -- wea the higher interest rates cause inflation. rather removal out of the blue, where does it leave the central bank, and where does it leave the new person in charge? >> it leaves the central bank in a tough position, francine. the previous governor was probably on the cusp of starting a rapid easing cycle as early as this month. with the decision by president erdogan to suddenly remove management at the central bank, a drop in the lire, though it is muted. it is possible that the lire might weaken to a level where it would be more difficult for the rates, asor to cut president erdogan would probably like him to do. francine: is it more likely we would see a cut by the bank? toit is very difficult answer for two reasons. on the one hand, president erdogan probably didn't want the new governor to start cutting rates as quickly as possible. with a potential decrease over the weekend, he may have put into motion a dynamic that would make it mor

tom hanks as the iconic mr. rogers. ♪ please won't you be my neighbor ♪ >> it's the emotional performance that could bring tom his third oscar. >> sometimes we have to ask for help and that's okay. >> secrets behind the making of this film -- it was shot in the same studio where mr. rogers' neighborhood in pittsburgh. the director had to quote, get tom hanks to become less tom hanks because his loud voice and fun personality were the complete opposite of mr. rogers. >> oh, and those ties. every single one is an original worn by mr. rogers himself. his widow, joanne, let tom and the film's crew invade rogers' closet. >> back "e.t." raided his closet. >> never had an acting course in my life. it probably shows. >> no. >> i'm just myself. >> oh, my gosh. it's so beautiful. >> "this is us" star appears in the film playing the wife of a rogue journalist, played by matthew rhys. >> it's the story of how a journalist's life is changed after encountering mr. rogers. >> are you okay? >> please don't ruin my childhood

tom shillue! fox news contributor, and he's "outnumbered." >> tom: once again. and it's good to be "outnumbered." >> harris: you are so independent on this independence day! >> tom: i am. you never know what i'm going to say! >> melissa: that's terrifying! [laughter] >> harris: we shall see! happy everything. tomi, great to see you! >> tomi: good to be on the east coast! >> harris: i can't wait for the commercials where we can catch up. >> tomi: i enjoy being here and your humidity. [laughter] >> harris: your hair is perfection! >> tomi: i just can't move and we are good. it's good to be on your coast. >> harris: all right, let's get to it. the president sounding themes similar to what we heard in his 2016 campaign, calling out his political enemies like hillary clinton while also leaning heavily on an economic and border security message. the president is also looking to contrast his conservative populist agenda with that of democrats. watch. >> our radical democrat opponents are driven by hatred, prejudice, and rage. they want to destroy you, and they want to

tom? >> zachary kiesch reporting live from morgan city right now. and as we said, the torrential rain from barry is just getting started. and we already are seeing its damaging effects. flooding in myrtle grove, louisiana, cutting off highway 445. and this neighborhood in livingston parish is already under water. abc's senior meteorologist rob marciano is in new orleans tonight. >> reporter: tonight, floodwaters rising on the outskirts of new orleans. lakeshore drive inundated with storm surge. high winds and heavy rain have city officials bracing for the worst. >> the primary risk continues to remain heavy rains for the city of new orleans. >> reporter: this levee south of the city spilling over, one of several to breach, submerging vulnerable neighborhoods. >> we have our boats, generators, as well as our high water vehicles stationed across the city in preparation for any events that we may face within the next 24 to 36 hours. >> reporter: authorities are confident that the levees and t

tom: exactly. alicia: multiples that investors are willing to pay will be higher, and the fed is helping this along which is why the market has been supported and will melt up higher through the end of the year. i will say this about germany and the manufacturing data, there is probably another stimulus coming out of china this year. the anniversary of the founding of the republic will be in the autumn and that should help europe. the european economy is a levered play on china and emerging markets. robert: that is why the trade negotiations are being watched so closely. the china element is important. people want to decouple our living in a dream world. you cannot decouple from china because they are such an important part of demand. francine: you brought it right where i want it to go. do you expect the u.s.-china trade tensions to ease off or will we see the u.s. not wanting to find a deal with china because it is comfortable for president trump being on the attack during the campaign? alicia: w

tom: why? kongu see images of hong and this captures metaphorically what is going on in the business world. deal working on a refining and the mexico tear threat came up. that is what is happening lots of people looking at things. fundamentals are good the economy is ok capital markets that is practically free. it is difficult to do anything when you do not know what the rules are. tom: do we improve the rules over the weekend? the market has improved. the bull market has lifted up. am i right that money is up to our chins and there is money available to effect transactions? bob: it is not money -- you are completely right to ask the question. the problem is -- what is going to happen if you announce deal? all the financial modeling looks great but how do you value things with tariffs and threats and inconsistency? it is not just trump, the world is more nationalistic. : we saw this around assessld but banks can't risk whether it is trade differences are uncertainty about who will be the presid

tom? >> victor oquendo for us tonight. victor, thank you. >>> now to that huge earthquake in california o, even stronger than the first. rocking homes and businesses as you can see. an incredible 4,800 aftershocks reported. many more expected. firefighters trying to battle blazes like this that have been breaking out. that new quake stronger than thursday's 6.4. already the worst in 20 years. here's abc's marcus moore. >> get under the table! get under the table! >> [ bleep ]. >> oh, my god. >> reporter: the force of that powerful 7.1 earthquake shaking southern california. >> [ bleep ]. >> oh, my god! >> reporter: the second major quake in less than 48 hours igniting homes. >> structure fires as well as several outside fires and hazardous conditions. >> reporter: this grocery store right near the epicenter losing power as customers and employees step over broken glass to escape. >> the air is really thick. >> reporter: one employee helping a startled woman out of the store. aisle by aisle

tom: extraordinary. i wanted to pause and look at the single greatest chart in capitalism, it is in luxury goods. mh, amazon and apple do not look like this. long-termine is a moving average. extraordinary success from 1989. yearutely unheard, 23% per in the last 10 years for the makers of high fashion that francine wears every day. francine: i am not sure about that. when you look at the big rival, they have been doing so well. there has been a shift with gucci losing a little bit of ground. i feel like i am doing a boarding chart because i am looking at negative rates. it is bigger than the luxury market, but years is more exciting. a global bond's rally is dragging yield bonds. it is nice to look at it. now is the chief economist to talk about what draghi may do. thank you for joining us. when you look at the ecb, mario draghi seems to be cornered. just a cut today, also surprise the markets, or does he lower guidance? >> we think the latter. there is a danger of stating the weakness in the economic c

tom: pricing is tough. when you are in a business, your pricing strategy is determined in part by how vibrant the market is, but in large part by the reactions of your customers, the reactions of your competitors. tothe businesses i talked are having a very hard time passing on price. i think we have grounded expectations so well over the years and procurement departments have enhanced their capabilities so significantly over the years that i think the nose and -- the notion that there is any sort of big wage increase in prices coming is very low likelihood. i think we have made a permanent change in inflation dynamics. if you go back to the world i grew up in, you had labor share of content much bigger, labor unions much stronger. you didn't have the transparency that's been created by the internet. you didn't have the power of big box retailers. you didn't have procurement departments that operate with very sophisticated people. i think that does make it hard to just take incoming costs and pass them on.

>> tom: we close the loopholes. if the family comes across asylum let's hold them long enough to see a judge. that is only way to guarantee a judge.le we built the first familyet detention center and 90% of the cases we sent them home. the border numbers plummeted. it works. >> raymond: i wish i had more time because i could be here all night. thank you, tom, guenther. new details about president trump's fourth of july salute to the america. is he politicizing or encouraging patriotism? a live report, your thoughts in a hot debate next. is he politicizing or encouraging patriotism? these folks, they don't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! ♪ >> we will h

tom graduates from student to teacher. miles teller, seen here on set in lake tahoe, plays the son of "goose" who died in the first film. >> he's enormously talented and he's a very dedicated actor. he's going to be amazing. >> we also know the stunts will be intense. production was delayed a year due to the complex aerial sequences. it is scheduled for release in june 2020. and jennifer told "e.t." fans better buckle up. >> the way they're approaching it, and the way they're talking about it, the way they're shooting it, it made me happy and i think it will make fans happy. >> "e.t." was on set of "top gun" in 1985. >> maverick is very sure of himself. i researched this role for two months before i decided to do it. >> it was tom's first action film, and he was just getting used to being a huge hollywood star. >> movies get made based upon whether you're going to be in them or not. >> it feels great. now more so than ever i can do what i want. >> look, i want to know if tom is going to fight justin bieber, that's a match

tom? >> tara palmeri at the white house tonight. thank you. >>> now to the other major headline involving the white house. the supreme court ruling in a 5-4 decision that $2.5 billion in pentagon funds may be used to build the southern border wall. the president calling it a big victory. when does building begin and what legal challenges are standing in the way? abc's rachel scott is at the supreme court. >> reporter: in president trump's fight to build a wall along the u.s./mexico border, a victory. the supreme court clearing a path for the administration to reallocate $2.5 billion in defense funds for wall construction, money that was previously frozen by a lower court. 5-4 the court's conservative majority ruled those funds may be used even as court challenges continue. that money ear marked for projects that would include replacing more than 100 miles of barrier. the administration pushed for a decision to finalize contracts by september 30th. the president quickly celebrated the decis

tom is a handsome man. not a bright by, but a handsome guy. >> duke kaboom, canada's greatest stunt man. >> so far it's been the summer of keanu. >> i've just had the chance to be working with really cool people. and a part of some really cool projects. so to be here with "toy story 4" is a lot of fun. >>> "seinfeld" premiered 30 years ago today. and "e.t." has followed the show from the very beginning. >> here we go. >> i think it will be a very exciting thing to do, to have your own tv show. >> from that first dwgag in 1989 -- >> the second button makes or breaks the shirt. >> to the same gag on the finale nine seasons later. seinfeld ran 180 episodes. >> it's amazing to be in this position after nine years. >> pretty good for a show about nothing. >> what is the show about? >> they haven't gotten back yet. >> in 1991, they did a whole episode about losing a car. >> what was the inspiration for this? >> couldn't find the car in the parking garage. >> where's the car? >> i thought it was here. >> i really

director tom tom homan. tom, what about mexico in particular? are they doing enough? these people are coming through mexico, the trump administration just struck a new deal with mexico recently. are they doing enough to, essentially, to deter some of these people from coming or to restrain them? >> they started, they're doing more than they ever have done. i think this past month the numbers are down 25, 28%. and they deserve some of the credit, because they are stepping up enforcement of their own immigration laws. what they committed to also is sending resources, national guard to try to dismantle the criminal organizations that are orchestrates -- orchestrating this whole thing, attacking their transportation and financial infrastructures. if they can dismantle the criminal organizations that make this happen, they'll do wonders to control this surge on the border. so they're doing more than they've ever done, i think they can do more, but what's most important, it needs to be a sustained operation. they're done in the past for a couple weeks here, if they can step

tom? tom: thank you so much. i want to go to the pacific rim, and we must begin with the change in protests in hong kong that we saw over the weekend with all of the distractions in new york and washington. story.t burying the these were extraordinary and violent protests in hong kong. u.s. pacific rim investment in china into 2020. or it done with stability, are there real instabilities on the pacific rim? concern is not only the protests in hong kong as much as the weakening of sentiment and the concern that the stimulus in china is not enough to turnaround growth and spark growth and the rest of the region. we have been cautious for that reason. i don't think the hong kong protests are reason why we should be rethinking that. protests, thekong investment in china. we have a new nasdaq in china money flowing out of the other indices into it yesterday. is china more investable this morning? richard: it is certainly more investable. we think that is a good thing for long-term investment. short-term, tactical. it

how do we stop this extraordinary flow that we are seeing, tom homan. >> tom: we close the loopholes. if the family comes across asylum let's hold them long enough to see a judge. that is only way to guarantee a judge. we built the first family detention center and 90% of the cases we sent them home. the border numbers plummeted. it works. >> raymond: i wish i had more time because i could be here all night. thank you, tom, guenther. new details about president trump's fourth of july salute to the america. is he politicizing or encouraging patriotism? a live report, your thoughts in a hot debate next. ♪ >> raymond: we will have a great fourth of july in washington, d.c. it will be like no other and i hope a lot of people come. it is going to be about this country and the salute to america. >> raymond: raymond arroyo -- we are learning exactly what the president has planned for his july 4th extravaganza. it will feature music and flyovers, fireworks and much more. fox kristin fisher's life at the white house tonight with a story, kristen. >> raymond, this is shaping up to be quite a

tom: strong dollar is a tougher call. i think there's an argument now that if the white house is more interested in a weaker dollar, there's a chance we jawbone a weaker dollar, which would be good for stocks in the u.s.. vonnie: the president has had some impact on some areas. at the moment, it is health care. there's still a lot of churn among the various health care sectors, but what will happen, whether it is drug pricing, pharmacy benefit managers, would you be at all confident investing in health care? tom: i think health care is very tough. that's because there's a lot more political risk. president trump, even if he's not popular, is probably one of the most powerful presidents we've had in 50 years. it's because he directly communicates through twitter. health care has crowded out capital spending, and it is hard to ask blaine wyatt's share of gdp has more than doubled since 19 -- hard to explain why its share of gdp has more than doubled since 1980. earnings has grown in the last five year, but health care share

tom? >> some very important tips tonight. we should mention, this is kaylee's first report on "world news", so kaylee, welcome to you. we turn to meteorologist jeff smith from wabc. he's tracking it all. dangerous conditions out there for so many this weekend. is there any relief in sight? >> i can attest, pretty brutal out here right now in new york city. but the good news is there is relief in parts of the country tomorrow. in places like chicago where the heat index is 105 degrees, tomorrow is only going to be in the upper 70s. still very dangerous heat from the southern plains up through the i-95 corridor. heat index in the nation's capital up to 110 tomorrow. more like 107 in new york city. but even along that corridor, i think we improve to the early to middle part of next week with big relief coming tuesday to wednesday. along that barrier, some severe thunderstorms affecting the great lakes today. that can move into the northeast by monday. >> jeff smith, thanks to you. >>> there a

tom homan. >> i appreciate what you do, sir. lou: thank you, same back at you. >> check out this bizarre summer scene in mexico. hail buried guadalajara under 5 feet of ice, this freak storm, damaged hundreds of homes, and washed away 50 cars, after several days where temperatures were 90 degrees in guadalajara. no injuries have been reported. but what an incredible phenomenon. >> up next, judicial watch uncovers more corruption went the hillary clinton state department, we take it up with tom fenton, right after these messages, stay with us. why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. it was funny because when we would call another insurance company, hey would say "oh we can't beat usaa" we're the webber family. we're the tenney's we're the hayles, and we're usaa members for life. ♪ get your usaa auto insurance quote today. stimulant laxatives forcefully stimulate i switched to miralax for my

as a director new production of tom has a tell us what's special about it. i think there's a lot of humor there and i was a lot the way he's using these multimedia devices i like the way he uses this film and i like i like this insight into what's happening in the scene within the characters between the characters i also like that they take over the fishtail house so i think that's quite there's a lot of you know that thing on my device yeah i mean it's not something that's particularly new in general seems that we've seen this. but i think he does it in a well in a good way. what received remains to be seeing. that it was very exciting yeah until later. fishville house is steeped in tradition and lot of the audience members that go there they have very clear ideas about how the should be how it should be performed how it should be sell and if they don't like what they see they're not hesitant in you know letting people know people have been booed off you know scenes like that have happened that tell us just quickly about town who was a himself played by ame

tom homan. >> i appreciate what you do, sir. lou: thank you, same back at you. >> check out this bizarre summer scene in mexico. hail buried guadalajara under 5 feet of ice, this freak storm, damaged hundreds of homes, and washed away 50 cars, after several days where temperatures were 90 degrees in guadalajara. no injuries have been reported. but what an incredible phenomenon. >> up next, judicial watch uncovers more corruption went the hillary clinton state department, we take it up with department, we take it up with tom ♪ ♪ ♪ ♪ ♪ ♪ ♪ of all the moments you share with your best friend, the greatest could be the moment you save her life. every second counts in cardiac arrest. learn hands-only cpr and be the difference for someone you love. and be the difference xfinity mobile is a designed to save you money. whether you use your phone to get fit or to find the perfect gift, you'll use less data with a network that automatically connects to millions of wifi hotspots and the best lte everywhere else. so you save hu

tom barrack and ip 3 and others. apparently in december 2017, rick perry actually gave preliminary approval on behalf of the department of energy for transferring this technology. now, there is something called the section 123 act, section 123 of the atomic energy act which requires congressional approval for such transfer, namely, to make sure that there are safeguard such that such technology cannot be used to make a nuclear weapon. this is called the quote/unquote gold standard which tom barrack and ip3 and other trump associates want to water down or completely kill in order to basically make sure that the saudis end up purchasing their technology. >> do you -- the president -- the most consistent through line in the president's foreign policy which is even more consistent than his behavior with russia is the saudis. he broke with american tradition to go there as his first act. he has sort of lavished praise on the man who according to u.s. intelligence agencies sent his goon squad to murder and hack to death wi