Then at lunch time it almost came back to the positive. The jobs report was out on friday. That was one of the factors because it was very good. 200,000 jobs were added and wage growth was at its highest sense 2009. That has led traitors to worry about inflation. It could leak into corporate earnings. The other big thing is the bond market. Tenyear bond yields are at tenyear highs. That is leading some to be concerned as we edge to the 3 , people might move into bonds. This market has run so far for so long. Still weve the losses of the last few days, the dow is up around 12 and many feel a correction was long overdue. Chair sebastian there at the stock market for us. You heard the talk there. The Interest Rates rising. It makes money the crazy thing for everybody listening at home is that we got some really good Economic News on friday. Wages are finally going up after many years of that not happening. Ironically, markets dont like wage likes because that makes Interest Rates go up. It is typically what came down. The big question is, how long will it last . Wall street and main street have been disconnected for a number of years. The underlying economy is pretty strong. The question, is this going to turn into more of a panic . Will they say oh, my gosh. Pull back from spending. Is it a behavioral shift from the rest of the economy. Weve just confirmed in terms of points, the largest point drop in history. To be clear here, percentage wise. For you. 6 a big percent. But many days, 25 of the market dropped so it can be somewhat misleading. Youve heard the president tout the Better Business bureau. The republican taxes reform plan. Fewer regulations, et cetera. Thats not enough to hold off issues like Interest Rates . The two things are connected. A lot of democrats were very critical of the tax cut. Youre getting this stimulation in the economy at the end of a recovery cycle. It is natural that the economy should be working. He wants the economy and the markets to be strong through midterm elections so the republicans can hold congress. All that means is theyve thrown attle kerosene on it. Interest rates could get liked and that makes the party start going the opposite direction. These are nervous times for anybody with a retirement account. People at home, im not telling you eninvestigatement advice but how should folks at home read this . I will give advice. Dont make go any sudden moves. If you dont need your moan soon, dont do anything. When there is a had sell, people want to move their money around and now is not the time to do that. From wall street to another wild political day here in wash. Saying that the nunes memo totally vindicates him. Now after the white house said that President Trump wanted all information with the russia probe available to the American Public, he is likely going to have to decide whether to declassify a memo written by the other side. Democrats. It contradicts the conclusions in the nunes memo. The president s attacks on the top democrat adam schiff are any indication, the president may have changed his mind on full transparency. Likely we are told to approve releasing the democratic memo in the next hour. But leaves it in the president s hands. Does he agree . Well, this is a big test for the president. The white house saying it will be evaluate the same way with house had workers looking over it. Saying it needs to be reviewed figure. As you know, the republicans memo, it seems he had made up his mind when he was caught on a hot mike saying it would be released, 100 . And just today, he is going after on twitter the ranking democrat in the House Intelligence Committee saying that adam schiff is one of the biggest liars and leakers in wash. Schiff fired back and said instead of tweeting, the American People would appreciate if you turned off the tv and helped solve the problem. So today on capitol hill, that the president will sign off on the memo to be released by the public. And the president claims the memo friday vindicates him. The republicans have been back go away from it. Paul ryan, tree gowdy, have said no. Ett doesnt undermine it. So well see what he dwoes with the big test. Joining me, adam schiff, the top democrat. Thank you for being here with us. The president texted you directly. He said little adam schiff who is desperate to run for Higher Office is one of the biggest liars and leakers in washington, adding, adam leaves closed Community Hearings to illegally leak closed information. Must be stopped. How do you interpret must be stopped . I dont know. It is often hard to understand the president s tweets. But as they know with me, i am very careful to not disclose flings a private session. First he called me sleazy. Now it is little adam schiff. It is confusing. It may be time for general kelly to give the president a timeout. The country would benefit from that. That you know oftentimes, with the president s tweets, you wont hear backup. He claims that youve been involved in a pattern of leaking and using information. Have you ever leaked anything from the Intelligence Committee that should not have been leaked . No, we havent. What i think the Trump Administration is so concerned about and what theyre pointing to, when the president s son testified in our committee and refused to answer questions about the conversation he had with his father on the subject of the fabrication, the false statement he made about the meeting in trump tower, we called him out on that. Like when steve bannon refused to answer questions. So they were embarrass that had the president s son claimed attorneyclient privilege when neither he nor his father are attorney or client. But we refused to allow witnesses to come before the committee and say publicly theyre fully cooperating and then invoke bogus privileges. The work on the false statement goes directly to the obstruction of justice. This is not the only attack president has made against individuals. Yourself included. But institutions, the fbi. Do you see at the root of this, part of a more coordinated attack by the president and his allies on the entire russia investigation . Absolutely. This president like nixon has his own enemies list. And known involved in the russia investigation is on that list. Comey, myself, warner, all those who were the subject of the tweet but also mccabe and rosenstein and any of the others from the fbi, frankly, who were corroborative witnesses when comey came back from the meeting with the president. Anyone working creditably in the investigation or maybe a witness on the obstruction issue seems the be attacked by the president. Following the tweets, the president going after democrts for not reacting positively. They were like death. And unamerican. Unamerican. Someone said treasonous. Why not . Sometimes we know the president of the United States has a tendency to be flip. He used the word treasonous to describe democrats. How do you respond . Well, this is kind of demagoguery we have come the expect. To accuse those who oppose him of treason. It is the new low step he has descended to. But it is a long catalogue of descending steps. So what can you say . The only two words are trump and bannon. I dont think thats at all appropriate for the president to engage in that. But it is part and parcel for how this president conducts himself. Lets turn now to memos relating to fbi surveillance. Theres republican miami came out on friday put together. The president claims the republican version vindicates him and demonstrates the russia investigation is a witch hunt and yet a republican colleague of yours, trey gowdy, the only foul ball see all the underlying intelligence, said the following. Theres a russia investigation without the dossier. So to the extent it deals with the fisa process, the dossier has nothing to do with the meeting at trump tower or the email sent by analytica. It has nothing to do with obstruction of justice. So there is going to be a russia probe even without a dossier. . He was ticking off all the pieces of evidence that you like himself claim to back up this investigation. Interestingly, he he is an outgoing republican. Does it trouble that you those who are stick go around are not criticize go the president s comments . It does. And theres not a lot i agree with tray gowdy on. I spent two years on that illfated committee he ran chasing benghazi conspiracy theories but i do agree with him here. And it is clear this spin memo doesnt discredit muellers office at all. Although that is the intention. While i appreciate these comments, we voted not to release such a distorted memo. At the same time, the chairman has made it clear. This is part one to enter gear the mueller investigation. He intends other chapters as well. He may go through repeatedly where the republicans on our committee as well as on other committees attempt to do everything they can to get in the way of the probe which has resulted in two guilty pleas, two other significant indictments. And that only in a ma matter of months. . The president wasnt the only one to take a shot at you. That he coordinated that memo. Mr. Schiff knows he is spreading the false narrative but thats not new for him. The democrats were well aware that i did not leak information. However, for a year they stayed quiet. They continued. They advocated for my removal from the committee. Why is that . Weve been successful at getting to the bottom of a lot of real problems with the institutions in our government. So theres no question they want me gone. He is alleging as the president has alleged, that there is a crisis in effect inside us institutions including the fbi. How do you respond . This is the same chairman. He said he obtained information, unmasking a conspiracy. The Obama Administration showed that he got that information from the white house. So i wonder why we would think that this is history repeating himself. When he was asked in committee about work in concert with the white house. But we have seen little interest unfortunately of late. Certainly from the chairman who hasnt displayed an interest in the beginning. To get to the bottom of what the russians did. To investigate into what the Trump Campaign did in light of the fact we now know that an approach was made to George Papadopoulos in april of the Election Year by the russians who had thousands of clinton emails. And what mr. Papadopoulos said. The direct communications between don junior and wikileaks. Between the Trump Campaign and wikileaks. All of that merits the most serious investigation. Instead, what are they doing . Launching the broad signs against the young men and women. 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I would think the white house would be very hearted pressed after saying they wanted the memo to come out in the interests of full transparency, to then censor the democratic memo. That seems to be unsupportable. That doesnt mean the white house wont could it. This president seems capable of anything. I would think the pressure would be too great. When you look at what happened in the house. The president didnt want to release our response but theyve been so shamed that they recognize they have to. I think that would be the case with the white house. They would look even more like theyre trying to get to the public. The concern i have is they have the power to redact it in a way that they feel would be hurtful that there is no collusion or the Justice Department is engaged in some conspiracy against them. So i do worry about the white house cents organize this information with a heavy redaction. Let me ask you, i do remember. This was a few days ago. There were democrats as well as the Justice Department who were opposed to the republican memo being released citing a risk to national security. There would be risked revealed. Hints of gathering intelligence. Do you or your democratic colleagues have any concern about the democratic rebuttal to the nunes memo . Well, one of the thing were doing which the republicans didnt do, when we send this to the white house, were going to ask the department and fbi to vet this and make sure that there is nothing in our memo would compromise the investigation. Sources and methods. Were taking a responsible path that the majority didnt. We gave our memo to the fbi days ago so they could begin vetting it. So that way we can be assured what we have wont be compromised. The two central allegations of the nunes memo, one was that the memo investigation, the carter page warrant, based entirely on the dossier. Weve heard you contest that. But we just heard trey gowdy contest that. The other was the democrats. When the sgrarmt the fbi considered this, the judge, this warrant, the judge was not told that this dossier was the product of democratic funding. It had, the steele dossier had the backing of the democratic party. I understand you contest that as well. Tell us why. As youll see, i cant go into the details. The fbi, department of justice did disclose that this was likely supported by a political act with political motivation. So i think it is very misleading to suggest the fisa court had no idea. There might be a lpart. We appointment it out so we can give the public the proper context. Did the judge know it was specifically backed up by Clinton Campaign money . That the dnc was involved. Did the judges know there was a political source to this document some political backing, rather. I cant get into the specifics until theyre declassified by the committee. But i think that the fbi certainly gave Important Information about bias to the fisa court. There are a lot of reasons why the u. S. Names, or u. S. Organizations, are not used. The majority of members know with this. The same people xlaeng about the unmasking of names were complaining that it was not unmasked. So this would be in our response memo which we expect the majority will have to vote to make public. Congressman schiff, thank you for joining us. A special agent quits. Ill ask two former fbi bagts the dangers lurking in the president s language. Your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jelly