Enthusiasm. The dow rallying almost 260 points. Also tonight, the release of the long awaited doj Inspector General report appears to be at hand. The Inspector General how expected to deliver a separate report first on the internal department of justice investigation ann into former fired fbi director james comey. We have reason to believe the release is to come within the next 24 hours. Well take that up with leading attorneys Victoria Toensing and joe digenova. They are with us to analyze the breaking developments. The radical dimms and leftwing media lacking historical knowledge and ignoring for partisan purposes attacking President Trump for creatively prepurposing fema money to secure our southern border with mexico. The left is trying to twist up outrage, they ignored the fact that president obama did exactly the same thing five years go. For the story we turn to white house chief correspondent, john roberts. Reporter as Hurricane Dorian churns off the puerto rico coast, the president tweeted Congress Approved 92 billion for puerto rico last year. Cruz fired back, congress abrofd 40 billion. The president responded that puerto rico is one of the most of corrupt places on earth. As part of a 271 million shuffle, dhs will use 155 million of fema money to pay for temporary immigration facilities on the southern border. Another 16 million will be taken from other another 116 million will be taken for adult detention facilities. 276 million came from femas Disaster Relief fund. Democrats didnt argue with that, but they are fighting back now. Fema Officials Say thats not correct. It doesnt do what senator schumer says it should do. That comes from money prepositioned to pay for supplies ahead of the hurricane. Another account that actually Fund Recovery is flush with cash with a balance of 27 billion. Lou thats flush. The Trump Administration tonight taking a step ending birthright citizenship. New guidance has been released restricting automatic u. S. Citizenship for children born on american soil. Edward lawrence in washington night with the story. The new rules posted online by it immigration and Citizenship Services without fanfare. They talk about residency and how to establish residency. It outlines how children born to citizens outside the United States are not automatically considered the citizens. Temporary visits tr to the United States to the United States do not establish residency. A citizen born in the United States generally meets the citizenship requirement as long as he or she can prove that the mother was not transiting through the United States. Those parents would have to apply for citizenship unless the parents establish residency. This apply towvments s. Military and government officials who work in embassies around the world. It would stop women from coming across the border to give birth. It will likely be challenged in court. Lou as we are used to. The yield curve inverted again, but investors not excited at all. The dow up 258 points. The nasdaq up 30. Two weeks ago, much if not most of of the leftist media and Business Press panicking over the inversion of the yield curve and use it to fuel their narrative of an impending recession. Often forgetting to know it usually takes two years before a recession sets in after an inversion. Joining us tonight peter navarro, starnt to the president , director of trade and trail policy, director of the White House National trade council. Lets start with the yield curve inverted again. To a greater degree than two weeks ago. And investors dismissing it. I read that as a president who has greater credibility than the Business Press. Their hair was on fire two we know we have the jay powell problem where they are not lowering rates fast enough. Let me give you my 60 seconds. Can you make it 30, we are already a minute and. Trump for pillars, taxcut deregulation, tough trade reform. The way we get this, from 2 to 3 growth, fed credits rates, European Central kit cut rates. And we get china engaging in the stimulus. It is all good. That is the key and finally all the acing on the cake. Usmc i, that sound a lot like a trade agreement with mexico and canada. What is interesting, i know youre on a roll and a hate to interrupt, but we need to understand the underlying motivation today at least reported by the Business Press. That is optimism about the china u. S. Trade agreement, is it misplaced, the optimism, or is it wellplaced. I think what the market was responding to was the reality of all the good things happening in terms let me try this again, i know you would love to follow i would say is optimism im not sure whether its misplaced, you know all negotiations take place behind closed doors we wont buy that. So what is your precise question . Is such optimism misplaced or wellplaced custome . We have serious structural problems but the chinese are coming here in september to talk about them. Lets see if we can work through that. I tell you is unlikely that anything quick will happen given the structural basis of the problem. You know what they are, stealing our stuff and killing americans with fentanyl and every thing in between. But for me, looking at the economy. Liz there not a nice bunch are they . I think they have a reputation going back to 1949 and never for filling any of the commitments and then going back to 2001 and breaking every rule in the wto book and take over 70000 factories and 5 million main factory jobs. You think america has finally realized thats exactly who china is in supporting President Trump and taking action. Lou i dont think theres any doubt about that support and it is understated power in the leftwing 8 media. I dont hear a lot of blubber from wall street anymore or the chamber of horrors or commerce or the Business Roundtable about free trade. The president seems to have made it very clear that there has been nothing free about free trade for the last four decades in the balance trade is the future and as a leader of the free world, he is persuading in the rest of western civilization certainly that this is a new dawn. What do you think . Its reciprocal trade and europe is getting on board and i think europe views china just as we do, as a country that is violating all the roles and threatening the international ability to have a decent trading system. So lets see what happens. In the meantime, in the next month or two, we need the fed to do its job, to cut rates, European Central bank will help us as well. Lou let me make a forecast, that is the fed will cut rates, Jerome Powell has had he is been tutored, he is more experienced by events. There is no way in the world he would not cut rates. And i will bet you any amount of money on that one. Lets make sure he is playing chess not checkers. Lou i cannot make sure of anything and if youre not gonna take my bet i got a go. Will be put money down on it. I bet he goes 50 basis points. Lets see what we got. Lou they q so much. The department of Homeland Security is borrowing from going to the mexico u. S. Border. In the facilities there, they are rude and disruptive behavior is a reason they been barred. The staffers from the House Oversight committee were sent from Elijah Cummings to visit and those staffers interfered with Law Enforcement operations and refused to leave one site after the scheduled window closed and the Border Patrol and dhs officers leaving Homeland Security with no choice but to bar another scheduled by the very same democratic staffers. There may be a trip, but there will not be a trip to the border. Up next, the corrupt actions of james comey requiring its own report by the department of justice Inspector General. Will he faced charges, we take that up with a attorney victoria and joe here tonight. Also tonight, new developments in the personal scandal involving Congress Woman l hand. Buckle up for some insurance themed fun at Progressive Park children yeah announcer ride the totally realistic traffic jam. Beep, beep, beep, beep children traffic jam announcer and the worlds first never bump bumper cars. Children never bump announcer its a real savings hootenanny with options that fit your budget. Thats fun for the whole family. Announcer only at progressive par. Maybe an insurance park was a bad idea. Yeah. Yep. That a handle is just a handle. Chair is just a chair. Or. That you cant be both inside and outside. Most people havent driven a lincoln. Its the final days of the lincoln summer invitation event. 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Prove. And now, all beds are on sale its the last chance to save 50 on the sleep number 360 limited Edition Smart bed. Plus 0 interest for 36months. Ends labor day. Lou it is almost an oxymoron to talk about the Business Press and the leftwing. There is a leftwing element in it shockingly obvious he sees and they continue to see fears of a recession despite the question of strong and booming trump economy. Check out these headlines today on various outlets. Cnbc, headline, new recession warning, the rich are not spending. Lets run for the hills. The hills publish this, longterm investments spiraled to record lows. The ceo of the American ApparelFootwear Association telling fox business, we are five days for me too armageddon. If we get hit with these terms, this is a oneway ticket to retail ugly. I have to give him credit, i am delighted by his choice of words. Droid amino aaron gibbs. Retail armageddon and all hell is going to break loose. It was certainly lobbying to not have these turfs go into, they are definitely exaggerating for their own interest. But with the retail sectors and some of the apparel on footwear. They do have real concerns because one thing is the u. S. Consumer is very pricesensitive and weve seen that with a lot of retailers, if they try to pass the price increases onto the u. S. Consumer, they frequently does not buy. And they will spend less. It is concerning. Lou is it that the purpose of tariffs, to make them a difficult choice consumer and importer. You want to see substitution. These tariffs are designed to protect american industry. How are we protecting u. S. Shoe apparel when the early making the sneaker in the u. S. But importing how many do you think are made here versus china . Like a rain drop in the ocean . Mostly outside of china. Most American Consumers are not going to go buy shoes that are made from china. Is deafly not going to be endangered is your negative impact. Cutting nexhad expired the dn rates. Its 26 and half per were looking at an alarm that is declined 12 . At the same time, all to substitute for these tariffs and their impact and by the way these tariffs have not taken an impact, were looking at 10 that is sweeping up by the currency exchange. Companies are trying to change their supply chains. How to not import from china. But we stopped in for a lot of these goods. It takes a while. Lou the market seems to say, donald trump you doing the right thing. You are talking about balance trade in the market responded. It is saying to the Business Press, if you are going to go into the hyperbolic over tariffs, better do your work on tariffs and her history. The reality is, we cannot in any way, think about this, tom freeman at the New York Times acknowledging the president is right, jamie diamond, the head of the World Largest bank acknowledging the president is right. But the fact of the matter that there is nothing else that would be as effective as what he is chosen. And i think that is how reality is. I think having a stronger stance and using tariffs, i think some of the reactions and the volatility have been really unnecessary. And some of these days. Lou advisors acting emotional emotionally. I dont think the trump tweets really help. Lou these people are endured to trump tweets. For the first time we have a president speaking directly to the market people in a robust forthright manner, i think most people love it. Ethic that creates a lot of chaos and uncertainty to a lot of investors i would just prefer someone who is a little more less productive or little less open. Lou investor should not react in a manner i consider it a football, if youre an investor you better not think of the longterm as 35 minutes. Absolutely, thats why you have professionals like yourself. You tell me why anybody would be flipflopping. It is hard when you see the market. Lou trillions of dollars out of the growth of the u. S. Economy which is china has done, you know how hard it is to half a trillion dollars a year be sold by the chinese. That is hard on them. That is hard to make up and even a 12 trilliondollar market. I would disagree, theres certainly an impact. Lou not out of the china out of our actual property in technology. Intellectual property, absolutely, but the fact that we are hurting some of her retailers and the manufacturers in the u. S. It is a little hard to swallow that the Different Industries are getting hit. For investors, is hard to process because it is so compl complex. Lou those investors process 30 appreciation since the president was elected. 4 down in august. That is obviously another thing. We have seen more escalation in the past month and youve seen that in the volatility. Its concerning were creating a sense of uncertainty and volatility in the market. Thats a great thing about markets, we will get a judgment by investors, and is common today and we had an installment two weeks ago in which the Business Press forgot to add the average recession of 22 months as their hair was on fire talking about yield curve inversions. Today investor said this president has delivered a hell of an economy and these are amazing markets, maybe we will Pay Attention to what is action happening and see where were led over the next 22 months. The economy is doing well, what im talking about is more concern on the very pacific portion of the markets. Out of the economy overall, a big picture of the economy, things have gotten better. Lou this is a president of the forgotten man in the home enough money because were talking about 3 plus wage growth and these folks are going to have enough money to buy a a tran10 para. Lets say another 5 . It is always great to see. Thinking so much. We appreciate it. Up next, google and facebook back project. That sounds exciting. Its always good when big tech merges their interest and gives greater power and consolidated in Silicon Valley. There is national because secured concerns. Fact is, every Insurance Company hopes you drive safely. But allstate helps you. With drivewise. Feedback that helps you drive safer. And that can lower your cost now that you know the truth. Are you in good hands . [ text notification now that you have] new dr. Scholls massaging gel advanced insoles with softer, bouncier gel waves, youll move over 10 more than before. Dr. Scholls. Born to move. You may have gingivitis. When you brush, and the clock could be ticking towards bad breath, receding gums, and possibly. Tooth loss. Help turn back the clock on gingivitis with parodontax. Leave bleeding gums behind. Parodontax. Lou new concerns tonight, china could use a corporate audit system as a weapon against american businesses. The system set to start next year uses an algorithm to determine how well companies comply with the commonest regime, laws and directives. Thats what communist do. Experts say the u. S. Companies are not complying could lose access to policies or face stricter levels of punishment in the peoples republic of china. U. S. Officials looking to block an 8000mile undersea internet cable connecting los angeles and hong kong. Doing so over National Concert get security concerns. It is backed by tolkien company. Doctor ping. A multi agency by the department of justice, they are concerned by the ties to the chinese government. Im sure that did not just accrue to them. Its amazing how long its taken for the u. S. Government to think about this thing. The declining economy of hong kong, a real concern as well. Joining us tonight, doctor michael at the hudson enter two. The trade advisor to the Trump Administration. Right to have you with us mike. This is one of the most particular things. 25 over internet traffic goes over undersea cables in the atlantic and the pacific. And this joint project amongst the Chinese Telecom and suddenly it is gaining the interest of National Defense and national security. What do you make of it . I think this cable has a normas amount of data and the Sophisticated Software china has can engage in very deep data mining. The commute occasions of the world between companies and individuals in it reminds me of peters request to the president last month for an investigation in google. They said that one be necessary. I support peter on this. Lou i think thats an excellent choice if i may say so. Google is confused about which country their prosperity is owed two. Its United States, not china. Lou it is troubling to see the attitude, the agnostic attitude, im trying to put it as nicely as i can, of Major Tech Companies in Silicon Valley toward their obligations and responsibilities to their home market and to the nation of origin. They are supposed to be great corporate citizens. They are not behaving like citizens at all. No, theres an ideology with the religious verb behind it, called globalization. Borders dont matter, countries dont matter, we are one happy plana. And we have to do everything together. The chinese love this attitude, its an open door for them and for anyone basically. Globalization in china is not a very strong attitude. Chinese attitude from taxicab drivers to the leadership is make china great again but theres no globalization theory. There is a center for globalization but its pretty small. Lou i cannot agree with you more. Its obviously not disintegrate but make china dominant in the world power. Which as you point out, again i think that is correct. It is certainly an alignment of interest around the world who propel chinas motivation and their aspiration. I dont think that word is quite Strong Enough for what theyre doing. Chinese know how to manipulate and use systems. Recently theyve offered specific American Investment banks, by name, the opportunity to register to have unlimited operations inside china. This is a bribery. They also have favorite politicians to subsidize in the system in various ways. China exploits the globalization fever for lack of a better word. Lou you notice the president has succeeded on so many levels, he is historic, no one has done as much as he. Into a half months of the first term in office. We dont hear the words free trade, or north American Union which we did which was a consolidation of canada, the United States and Mexico Department raising our borders of the chamber of commerce and the Business Roundtable used to love to say. Those expressions have receded into the shadows and not to the dustbin of history. The president believes that china trade issue is more porn to protect th attorney general. And the democrats are for have talked a little bit about china trade but they do not seem to understand the fate of our country as leader of the global world war. Its not minor cheating going on. Its a struggle for technological and global supremacy. He has made an awful lot of progress. Lou well said, extraordinary and the reason we love talking to. Doctor michael. They get so much. Well be right limu emu doug and now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. You wouldnt accept from any one else. 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To help the blind. It is already working in cities like tokyo. My dream is to help millions more people like me. Lou welcome back the department of justice Inspector General reportedly set to release a report on james comey corrupt behavior at his time as fbi director. By written york could be released tomorrow. Theyre looking into classified memorandum detailing private conversation he had with President Trump, comey leaked those to a friend in the media. Joining us tonight, victoria, former Deputy Assistant for the Criminal Division of the justice department. In general former u. S. Attorney for the district of columbia, Founding Partner of the law firm. Great to have you both with us. Your reaction to these reports and let me b specific. This could come within 24 hours. Your thoughts . I want to say congratulations on being number one for 40 months. I want to know when you get tired of winning. Will you please tell us. Be prepared to wait. [laughter] now regarding the comey report, it does not make sense to me that there was a decision not to prosecute comey and other id report is coming out so i dont think its any big deal as far as is going to come out into the pros, they may criticize him but the decision is going to be made and i hope he is included in the fisa abuse part because he sighed the first fisa application with verification on the top of it and it was not verified and that is an error in taking away the due process of carter page. Lou to questions, one is why why the Inspector General carried a separate report on the fired fbi director, and with a suggestion that there would be no prosecution, could this possibly be a reversal of what appeared to be an earlier decision . No, i think they wanted to make the prosecution decision first, they had the horowitz report and he did not want to publish that if they were going to prosecute. They mightve held it up if they were going to church and. Once he decided not to charge he will now release his report. I understand the reasons because of the classifications that i agree with victoria. The mother load is not the report, im sure there will be awful behavior by him and his lawyer and this other stuff. To be what matters is the fisa app location process. Im sure thats what most people want to know about because remover, that is that the genesis of all the illegal activity. What they did to try to get the president through carter page. Lou lets talk about that, for fisa warrant applied for in the Inspector General has indicated that all four were illegal. How could he not hold responsible every signatory on every one of the warrant applications . A device why people are not being indicted for this false statement. Like lying to an id which is childs play, Michael Flynn made a false statement about his conversation with the russian ambassadors that already have the complete conversation. But this was going after, taking the u. S. Government intelligence weapon and directing it at a Political Campaign and the opposing party. How could this not be some kind of criminal offense. It is absolutely inconceivable that when you have four warrants of this magnitude involving a Political Campaign and they were all falsely obtained, it is inconceivable that you cannot prosecute the people responsible for that. If that is the decision that is made, not to prosecute, there better be a damn good explanation. Lou i was just underlying the s after every word you said. It is the mark o american peopl. I can imagine tolerating now. Dana, the only person who is still in a job at the justice department, the fbi who was a signatory on all of this. Still has a job and still seems to be part of the apparatus. Versus still there. Thats right. How can this be . Talk about rob rosenstein, he said i really did not mean the application. I have been at that department, i have seen documents is big. If im getting a document despite against our president which is what it was at the time Rod Rosenstein signed it, im reading every word at least once. And he said i was briefed on it, talk about arrogance. Lou arrogance and by the way, no shyness about Andrew Mccabe in that respect. An indication is he is going to be charged, that does not seem consonant with the waiver with everyone else who signed the document. Here is the problem. The issue is, will we have one standard of justice or two. This is a Pretty Simple concept, the two standards of justice seem to be winning clearly in america. The decisions that are going to be made over the next several months over who gets prosecuted and does not will be a bellwether of how we are doing on that side of things. I have to tell you, the fisa warrant process was created because the subject matter was so important, they did not like what Richard Nixon did so they created a whole Legal Process with the courts. It has been the bellwether of the way we conduct surveillance of american citizens and others. This is an spying matters. If you can get away with what comey and mccabe and be as relaxed as rosenstein was in not reading the actual affidavit, then the process should be put to a halt. It should stop, they should not use it anymore and they ought to go back to having the president of the United States make all the decisions about who gets spied on. By the osos and explanation of what they did about all this. What did the fisa court do when it found all this out. And went to the chief justice of the supreme court. That was my next line. We will continue the conversation. Thank you for putting me in your plot. My membership not so obviously appropriate. Victoria and joe thank you so much. Up next, another democrat finds out at the 2020 race, President Trump said he is breathing a sigh of relief. Did Somebody Just make a huge mistake. Did they have the president on the ropes, we take it up with patrice up next. Stay with beep goes off ] now that you have new dr. Scholls massaging gel advanced insoles with softer, bouncier gel waves, youll move over 10 more than before. Dr. Scholls. Born to move. But some give their clients cookie cutter portfolios. Fisher investments tailors portfolios to your goals and needs. Some only call when they have something to sell. Fisher calls regularly so you stay informed. And while some advisors are happy to earn commissions whether you do well or not. Fisher investments fees are structured so we do better when you do better. Maybe thats why most of our clients come from other money managers. Fisher investments. Clearly better money management. Lou joining us tonight patrice senior policy analyst, it is great happy with us. There is a report that for in ten people will not trust the result on the election of the candidate if they do not win in 2020. Is that well played skepticism or have we become a cynical nation . I think many people have given in to the conspiracy theory, the biggest one being russia collusion with the trump campaign. The media and the left did a fantastic job of trying to undermine the election and President Trump in the minds of 70 americans that they are going to believe that its a person that they voted for does not win than 70 tampered with their election. Despite we know the twoyear investigation that resulted us knowing there was no vote changed as a result. Lou we know we were told that. I happen to be among those who think its a very healthy skepticism because electoral integrity has to be insured. If we do not see our government and am talking about State Government in every jurisdiction including the federal government with a electoral integrity and voters are truly register voters and that voters are registered in their conducting proper and correct elections, then i think everybody should be skeptical. There better be evidence that we know what were doing in the selection not just because of the nonsense, we know now there was more intervention on the part of the Illegal Immigrants being questioned about whether there was more Illegal Immigrants voting in the 2016 election. This is ridiculous. Your point about healthy skepticism and ensuring our electoral process is not tempered with. I was talking broadly about the russia collusion story. Lou that story is over. The special counsel has rested his case and vindicated the president and everyone who has been proved to be a liar and a fool. Exactly. We have to worry as you said we have to worry about whether both been changed but because of a really good rarity in mississippi is over the great example of whether or not new technology is actually working. As we have seen congress allocate millions of dollars to ensure their electoral process. If the taken advantage of that money thats another story. Lou if citizens are not making certain that their districts and their states are not assuring the integrity of their elections then shame on them. It is up to each one of us to make sure thats exactly what happens. Patrice, you get the very last word. Were a little over time. 15 seconds. I direct everybody to President Trumps tweet as senator Kirsten Gillibrand just dropped out of the race. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. 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Im off to college and im not gonna be around. Im worried about my parents retirement. Oh, dont worry. Voya helps them to and through retirement. Dealing with todays expenses. Like college. While helping plan, invest and protect for the future. So theyll be okay. Without me . Um. And when we knock out this wall imagine the closet space . Yes oh hey, son. Yeah, i think theyll be fine. Voya. Helping you to and through retirement. Lou President Trump slammed the free trade industrials hes getting on china. His trad his trade advisor ss this is more important than anything to this country. The democrats a talked about trade problems they dont seem to understand the favorite our country as the global trade order is at stake here. Lou rrm we hope you will join us tomorrow for family bruce and pastor robert jeffress. See you tomorrow. Good night from new york. [ ] david tonight we have new evidence showing democrats had already begun impeachment proceedings before mueller gave his report. Corey lewandowski says its clear thats how Judiciary Committee chairman jerry nadler has been lie together American Public and its time to come clean. Far Left Congress one and alexandria ocasiocortez using instagram to issue dire climate warnings to anyone who will listen