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Investigation. >> chairman rogers, does the timeline of people just wanting to get an impact on whatever news channel they want it to have an impact on and even if it unravels over the course of several days, doesn't seem to matter? >> you know, as a very young fbi agent, i had a senior agent, used to tell me when we would get into investigations, he said, you know, context matters. i'm sorry, and my bad, mean the same thing, unless you're at a funeral. different context. that's where the drum should come in, right there. you're supposed to help me out on that. and so, context does matter. wha...

Now they're getting cheaper. >> shepard: exactly. the one thing that is different since the last -- since the fox business network that's been on the air, a new thing with the 30-year. help our people that don't understand. >> to get a fixed year lone for 30 years, many people you can't do it. here in america you can it's been in the 3% range for so long. that's an incredible low rate of interest that you pay back a bank for a loan on a house. now it's crept above to 4.2% or thereabouts. still cheap by comparison. >> context matters. these are the dow 30. they're all in the red. on bad days, u...

Investigation or not? >> i get it. >> it is about america versus the world when it's george bush. with donald trump, are you investigating me and are you going to be kind to me and my friends. that is the fact person pa. everybody knows he is furious about recusing himself. so let's not be too clever here. it is what it is. >> a verbal tick is when he goes forget about it. >> it's how he sees the world. if you ran into him today, he would say are you on my team or not. obviously he's the president. this is the -- the stakes are higher. but this is how he divides the world. >> context matters. ...

>> among people of color, it is true. black unemployment is at its lowest rate ever one could argue it isn't all because of the president's policy. he just takes credit. it has been on a downward trend since obama took office. the unemployment rate among blacks is still higher than that of other races. bill, context matters, right? >> sure. again, i think we made the right point. it is striking how much trump and his spokeman think their task is to keep bashing the democrats. and that's okay. i'm republican and i -- >> are you republican? >> yes. >> it doesn't seem like it. >> sorry if it woun...

Protocols correctly, everyone accepts that. government oversight is important. but what i see here is a calculated pathway of destruction only to distract from special counsel mueller's quiet, deliberate, constructive investigation which the american people understand. >> and congresswoman, let me play for you another reporter from fox news who was arguing that the way the memo has been hyped thus far and the recklessness to quote the trump justice department with which it may be released is itself a problem. this was shep smith reporting. >> a memo can be a weapon of partisan mass distraction...