Tonight. Melissa back to the markets, the dow and the s p ending longest winning streak since march as the dow finishes off of session lows. Phil flynn of Price Futures Group and fox business contributor, lori rothman on the floor of the new york stock exchange. Tell me about the selloff . Brexit jitters came back, a typical risk off day, off the worst levels, down 150 at the worst point, and oil down about 5 . So the dow, the s p closes off 7 10 , similar story for the nasdaq composite index. You had bonds receiving all the money flowing out of stocks today. You had a record low for the tenyear yield which sent all the money to stocks into the higher dividend paying indices like telecoms and utilities. Harleydavidson, there is all this buzz that harley was going to get a bid from private equity firm kkr, that didnt happen today. That was way down. And blackberry, theyre going to toss the classic hand held device. So thats kind of an historic announcement for blackberry. Back to you guys. David thank you very much. Concern about how britain disentangles itself from the eu affecting gold prices. Phil is here, oil is down almost 5 , whats going on . Down a lot because of concerns not only brexit but the rest of the european banking system. Last week we were worried about bank worried about the imf. Concerns that italys biggest bank kwausing concerns and causing flight to quality. We saw it in gold and weakness in the price of oil. David, it wasnt all about that, there was more to it. There are concerns maybe oil demand isnt everything it was cracked up to be. We saw a report that supplies in curbing, oklahoma, is down 230,000 barrels and saw a big drop in wholesale gasoline prices, down almost 9 cents. Maybe not as many people traveled over the 4th of july holiday as thought for, and that played into the negative mood in the Energy Sector today. David wish it translated immediately into gas prices, that would be nice as weve driving out there. Melissa wall street breaking fourday winning streak as fears about uks vote to leave the european union, lets bring in jared levy and jason rothman. Do you buy thats the reason we saw the selloff today . I think that this is not a you know, brexit is back in the center of peoples minds. I think that large moves like we saw when the brexit was announced, its an algorithmic move, right . Nobody can react that quickly. The normal investor doesnt know how to react. We dont know how its going to turn out. Whats happening is people are thinking through the risk. What i believe is that the snapback was a little much. I think we should be probably about 2 to 3 lower, why . Earnings are poor and now the other unknown which has a bias to be negative. I think in peoples minds theyre rethinking the big snapback, thats why we moved lower. Melissa jason, if we talk this is the new normal, well see this kind of volatility. Maybe you play along and you buy on the dip . I agree with jared, ill take a more extreme position we should be greater than 23 lower. I said this over and over again. 38,000 jobs last month, that was a party pooper. The jobs report this friday could be worse, which could cause people to take massive risks off the table. Up from 9 trillion last week, there is 10 trillion of securities with a negative yield. What that means is nobody in the world is confident of the Global Growth story. No reason why the stocks should be this high right now. Melissa jared, do you believe that . Barack obama was on talking about how many consecutive months of job growth, 70 something months, everything is great, the economy is so much better, what are we talking about . Whats the truth . Jason says no one can believe its great out there. I can tell you one person who does. Its his job to make us believe its great, right . Last month the 38,000 jobs lets not forget, i think it was 660,000 jobs were just wiped off. In other words, theyre no longer counted. 660,000 people who are unemployed are no longer counted. Reversed an entire years of jobs being added. Heres the reality, all comes down to earnings, earnings for a recession, they are going to continue to be negative this quarter. A lot of stocks were buying are trading at tenyear highs in terms of pricetoearnings multiples. From a value perspective there is no value in a lot of the companies that are traded excessively. We should be lower. There are no alternatives, it is high right here. Id be really careful. David look at a particular stock, tesla taking a hit, missing delivery target announcing it was only able to deliver 78 of the 18,000 cars it manufactured in the Second Quarter as it attempts the transition of being a mass market automaker. Tesla is promising more than it can deliver. Thats no good. Heres what i have to say about tesla. The stock, people need to understand, if you own tesla, you bury your shares in the backyard and forget about it for 40 years. Tesla is not a buy today and sell a week from now. Its a longterm Growth Company its a highflying stock. Maybe today is a wakeup call that tesla is not perfect. It is flawed maybe. David hold on a second, jared, it hits a problem that tesla has been accused of before, it cant meet delivery. If it cant deliver on 18,000, whats it going to do when it has to deliver 50,000 by the end of the year . Yeah, they promised 80,000 to 90,000 cars delivered this year, and on track to do maybe 60. I agree, jayson. I dont think 40 years, tesla is a stock you want to own four to five years out. At the same time, elon has to be somewhat realistic, and if Oil Prices Continue to stay low and fuel prices more importantly stay low, there is more impetus to spend 60, 70, 80,000 in retail, and we dont have the money. David the subsidies might not be there, who knows the next president is going to be the subsidies the owners get now tesla may not be there in the future. Melissa . Melissa twinkies reaching an agreement to be taken public in a deal that values the company at 2. 3 billion. Jared its a turnaround story. People were buying them on ebay because they thought they were going away forever. I had confidence, i know the value of a twinky. Lo and behold. Its back we talked about it on the show in 2012. Ill never forget. This im going stock up on twinkies, i believe in longterm. You have to go into bankruptcy protection, renegotiate the contracts for all the workers, unfortunate they had to be reduced in pay. Now well be able to eat twinkies and Hostess Cupcakes again. I dont know about buying the stock into the ipo. An interesting story and im happy because i like sweets. Melissa jason, bomb shelter is filled with twinkies, no matter what the nuclear fallout, they are good. Are you investing with the stock . Id rather have silver. As far as why the ipo happened. There was 900 million special dividend because they raised a certain amount of debt. This is what the ipo is about. Not about hostess or twinkies being a great longterm investment. This is the private owners of the company cashing out. Getting out of debt. Melissa getting out of debt and cashing out. They took the risk. They turned around the company. Brought it out. They were in bankruptcy. Theyre getting their money out. Exactly, if were talking about the individual investor, thats my point. Melissa fair point. David you cant eat silver. You can eat twinkies. Melissa not as good as a twinkie. Ive tried both. David last just as long as silver and gold. A new warning about isis, spike in terror around the world as isis carries out soft target attacks. Will the dramatic increase in terror spill over into america . Melissa the deadly zika virus isnt the only threat plaguing the olympic games. The latest health scare thats causing alarm. David extremely careless, the fbis words, not criminal . The fbi breaking down the evidence against Hillary Clinton. Though we did not find clear evidence that secretary clinton or her colleagues intended to violate laws regarding the handling of cla information. There is evidence they were extremely careless in their handling of very sensitive, highly classified information. N. I dont use super poligrip for hold, because my dentures fit well. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. Even well fitting dentures let in food particles. Just a few dabs of super poligrip free is clinically proven to seal out more food particles so youre more comfortable and confident while you eat. So its not about keeping my dentures in, its about keeping the food particles out. Try super poligrip free. If you have medicare parts a and b and want more coverage, guess what . 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[ barking ] [ washing machine running ] partys on know what your pets are up to with xfinity home. Xfinity. The future of awesome. See the secret life of pets, in theaters july 8th. David a live look at president obama campaigning with Hillary Clinton. This just hours after fbi director james comey announced that despite, quote, extreme carelessness, comeys words, by Hillary Clinton in dealing with classified information, he would not recommend filing charges against her over her handling of government emails. Fox business blake burman in d. C. With the latest details. Hi, blake. Reporter president obama has been speaking about 20 minutes or so as he is currently campaigning alongside Hillary Clinton in North Carolina right now. Now is the first time the two have campaigned together, and it comes just hours after the fbi director james comey said clinton was, quote, extremely careless in her handling of state department material, but that his agents determined that clinton did not act with malicious intent. He said no reasonable prosecutor would bring a case against her, and thats the agencys recommendation to the department of justice. Weve been listening to both the president and Hillary Clinton who spoke before him. Neither brought up the fbi directors position when they were speaking, but the president clearly stood behind his former secretary of state. Listen here. Im here today because i believe in Hillary Clinton. [cheers] and i want you to help elect her to be the next president of the United States of america [cheers] reporter donald trump has responded in his own right with a statement just a little while ago, half hour or so ago saying that the system is rigged. Trump adding and im quoting here our adversaries have a blackmail file on Hillary Clinton and this fact alone disqualifies her from service. The normal punishment in this case would be losing authority to handle classified information and that too disqualifies Hillary Clinton from being president. So right now, clinton and president obama are in charlotte, North Carolina about three hours and 45 minutes from now, trump is scheduled to speak in the very state in raleigh. David important day, blake burman, thank you very much. Melissa . Melissa lets bring in our panel, senator evan bayh, David Drucker from the Washington Examiner and dan heninger from the wall street journal. Senator bayh, start with you, you were on five committees in the senate, and one was the select committee on intelligence whuchl heard the laundry list of what went on with her emails in the investigation, what was your reaction . This is ultimately going to be tried in the court of public opinion, and people have to make their own judgments, but fortunately, in our country, making a mistake or being in the words of the director, careless, is not a criminal act. I trust his judgment, hes a man of solid repute, and i dont think he would go into the tank for anyone. She made a mistake, should have been done differently, period. Its up to the American People to decide now. Melissa David Drucker, what do you think . I think the worst possible outcome was an indictment, that didnt happen. The best possible outcome was exoneration, that clearly didnt happen. She has a challenge. This is a hit to a problem she has. Trustworthiness and honesty. What she has is an opponent equally flawed in the campaign, and unclear if hell take advantage of this, the same way another republican would have had they won the nomination. Melissa dan, you look at the day today, there she is on the side standing next to the president of the United States, after you know shes been cleared, more or less. He talked about the things she did but ended the speech saying they were not going to recommend indictment because they didnt think prosecutors would be able to win the case. It seems like a spike the football day for Hillary Clinton. I guess so, melissa. Are we sure barack obama isnt running for president again. He certainly sounded like hes running for president. In a way hes running for a third term in the person of Hillary Clinton. Hes going to be campaigning for five months on her behalf. But just think of some of the things james comey said that her servers were not as secure as gmail system and used this system while she was in the countries of sophisticated adversaries. If you were a trainee for an Investment Bank and you were using your gmail to express and Exchange Information about your company, you would be shown to the sidewalk immediately. And i think donald trump had a good point. Anybody who did these things should never be allowed to handle classified information again. It would happen to any other person, but shes running for the presidency. Melissa senator bayh, it has to do with the nature of this particular case and whos involved. Well, context is everything, and again, she made a mistake, she admitted that. No criminal intent, as you observed previously. Its up for the American Public to decide. There was no indictment, it wont affect her detractors, theyll be equally unhappy. For the 4 to 5 of the American Public, theyll be focused on middle class issues, job growth, wage growth, college affordability, those kinds of things. By then, this will be a nonissue. Melissa david, ill ask you, at the beginning of the speech, hillary listed the five things she wants to do when she becomes president. And the first is she wants to raise the minimum wage to give the middle class a raise. If 15 an hour is the new middle class, we have some serious problems. There are wage problems in this country, and thats literally what she said. I went back and checked, shes reading off a prompter. I dont know, that must be what she sent in. Its in the democratic partys platform. This is an area where she was moved by Bernie Sanders and the left. I think senator bayh spoke to this, this is a base election and who can get out the base. I remember four years ago when the president said things like the private sector is doing fine, and you didnt build that, and things the republicans thought. How can he say this and win independence and a second term. He did and it worked. And when you looked at demographics of this election, Hillary Clinton could still lose. This election is competitive if you look at data. The demographics are with the democratic party. If Hillary Clinton can weather todays storm Going Forward and an issue of base versus base when republicans are wary about trump. Shes in a good position. Melissa dan, real quick, 15 an hour is that the new minimum wage of the middle class . The middle class is upset, melissa. One of the central issues is cynicism that washington plays by a different set of rules than anyone else whether you are supporting Bernie Sanders or donald trump. And todays events only give people more reason to believe that. Melissa panel, thank you so much. Thank you. David good stuff. The vp search entering the homestretch, speculation who donald trump is going to tap as potential running mate. Details on the short list coming up. A major milestone in space. Nasas Historic Mission and what they hope to uncover. Thats coming next. David chatter getting louder, donald trump hitting North Carolina. Fox news carl cameron is in raleigh, North Carolina with details. Reporter it is 95 degrees here in raleigh. There is a huge line of people getting refreshing rain drops on them. Donald trump is coming here fired up, he issued two statements inn last hour in last hour. Each wore very long. Railing the fbi. With all of the criticism that comey gave of former secretary of state, saying it was simply not responsible the types of activities she took, Trump Campaign has lost a big utility, republicans thought she should be indicted and disqualified for presid