Whether or not to block its release and House Intel Committee chairman devon nunes says hes not done exposing corruption in our government. Chairman nunes says the release of the surveillance help o is just phase i of his investigation. The next phase will involve probing the state department for what he calls irregularities. Our special guest tonight is congressman ron desantis and hes one of the republicans calling for a Second Special counsel to investigate antitrump bias and corruption in our government. Also with us, fox news legal analyst greg jarod, and former Deputy Assistant to President Trump sebastian go. First, our top story market volatility returning with a vengence. The dow suffering its biggest one day point drop in history plunging 1175 points, erasing all its gains for the year. The s p down 113 and the nasdac down 273 points. Volume was massive 11. 3 billion shares changing hands, fears about speaking inflation and borrowing costs leading to the wild day on wall street with the dow down almost 1600 points at its lowest, its biggest intraday point decline ever but for all the panic many experts agree a correction would be healthy for the dow which has been on an unprecedented run since the president was elected. Were selling off on good news. Thats the problem. The Economic News that we see whether its be factory orders, todays ism nonmanufacturing factory numbers its all good news. Again another day with absolutely phenomenal Economic Data in this case it was the services index, employment and new orders at an alltime record high. The market anticipated a great economy, theyve got a great economy. The fundamental economy and we could all agree is very robust and very strong. Listen the Economic News is not only good its great. David the white house responded to the sell off with press secretary Sarah Sanders issuing a statement saying the president s focus is on our long Term Economic fundamentals which remain exceptionally strong with strengthening u. S. Economic growth historically low, unemployment and increasing wages for american workers. President tossess tax cuts and regulatory reforms will further enhance the u. S. Economy and continue to increase prosperity for the American People. As for the president he spent the day on main street at an Ohio Manufacturing company that gave workers thousand dollar boneses because of the president s tax cuts and we remind those prematurely panic king the dow is up nearly 33 since election day. The s p nearly 24 and the nasdac 34 . Well from wall street to capitol hill the House Intelligence Committee now targeting the Hillary Clinton state department in phase ii of its investigation and tonight voting to release the democratic response to the devastating memo detailing fbi bias against President Trump. Fox news chief intel correspondent katherine harrage has our report. What were looking at now is the state department and some of the irregularities there. The republican chairman of the House Intelligence Committee said their work is not done but the focus shifting to foggy bottom under president obama. What we will do is follow in phase ii, well follow the facts where they lead and when we get enough facts we will then figure out a way to let the American People know likely it wont be done in the way this was done. Four months before the president ial election is a pivotal period by late july 2016 then fbi director james comey opened the russia probe and former british spy Christopher Steele was already sharing the trump dossier funded by the dnc and Clinton Campaign with bureau agents. A former Government Official undersecretary clinton now confirms steele reached out to the state department in july 2016 about his findings. He passed two to four pages of short points of what he was finding and our Immediate Reaction to that was this is not in our pursue. This needs to go to the fbi if there is any concern here that one candidate or the election as a whole might be influenced by the russian federation. Steele is now the subject of a criminal referral asking the Justice Department to investigate his handling of the dossier and whether he lied to the fbi about its distribution or the fbi misrepresented his statements. The republican chairman of the Senate JudiciaryCommittee Chuck grassley along with senator Lindsay Graham made the referral last month and released an un classified version. While redacted by the fbi including references to widely available media reports the senators wrote another stream of information was coming to steele its troubling enough the Clinton Campaign funded mr. Steeles work but these Clinton Associates were feeding mr. Steele allegations raises additional concerns about his credibility. On capitol hill democrats led by the House Intelligence Committee is Ranking Member who drafted a competing 10 page memo called out republican for rejecting a full briefing by fbi director wr ag. We do oversight uhaul them in under oath and say why was this included why was that included the interest wasnt oversight. The interest was a political hit job on the fbi in the service of the president. Late today the House Intelligence Committee took a vote on releasing the democrats version of the memo and they voted unanimously to send it to the president who has five days to voice any objections. David . David katherine thank you very much. Our first guest says that Deputy Attorney general Rod Rosenstein will likely have to appear before congress to explain his actions regarding the fisa warrants for members of the trump campaign. Joining me now is congressman ron desantis a member of several key committees including foreign affairs, judiciary and oversight congressman before we get to the issue of rosenstein lets first talk about todays revelations the fact that clinton was actually feeding information to mr. Steele. Mr. Steele of course then put that information into the trump dossier and that was then fed to the fbi and led to the fisa warrant. It just keeps getting dirtier and dirtyier. It really does. You remember what the nunes memo showed is what bruce ohr was doing with his wife. He knew he had met with Christopher Steele during the campaign and his wife nellie worked for fusion gps but what that showed was there was a steady pipeline of information going from steele and the people he was getting information from directly to the Justice Department via bruce ohr and the revelations about the state department are very similar. Its a pipeline between the Clinton Campaign, members of the obama administration, and the Law Enforcement agency. Thats a huge problem. That is not the way the government is supposed to operate and to dig up dirt and lander it through the government boroughs give me a break. David well particularly when that was being graded by a Political Campaign embroiled right in the middle of the election. Let me just ask about the state department because of course what first went through my mind was Hillary Clinton was the secretary of state. She must have had all these contacts there. Do you think she played a role in getting some of this dirt into the trump dossier . I think thats something we need to find out but i would say she probably didnt need to do very much. What weve learned throughout this process is there are folks in some pretty high positions of power who were nonpartisan but had really strong views that donald trump shouldnt be president and they were going to do things to do that like peter strzok so i would be willing to bet that there were probably folks in that agency who were predisposed to want to play this game and do what they can to hurt donald trump and thats a problem. You can have your own views, david thats not a big deal but if that colors your official actions, thats the problem. David using the full power of the fbi and the Justice Department to tilt the scales is not acceptable. All right two senators grassley and graham have this criminal referral to the Justice Department because of what mr. Steele did. Apparently he lied to investigators when they asked him questions about whether he talked to the press. What happens with this criminal referral . Well i think the attorney general needs to take it very seriously, potentially act on it now theres a little bit of disagreement about whether by doing that they actually think steel was lying or theyre doing that to pry open maybe more information about what the fbi actually knew and in other words yes, steele may have been meeting with the president but it doesnt mean that somehow, the fbi didnt know all of the information anyway, so whatever his representations were, maybe they were misleading but maybe the fbi knew more than they let on and thats important, david, because the representations they made in that fisa warrant. If they knew more than they let on, but then didnt disclose it to the court, that is a big deal david finally, Rod Rosenstein. The assistant attorney general, i mean the Deputy Attorney general. He clearly played some role with regard to these fisa warrants signed at least one of them. Its unknown exactly what he knew about the trump dossier whether he knew that it was completely paid for or at least overwhelmingly paid for by the Hillary Campaign. What happens now with mr. Rosenstein . I think he does need to come in and answer questions about what he knew. David behind closed doors, forgive me or in open testimony . I would prefer open but if its going to be in a classified setting they have to do it behind closed doors but he needs to say what he knew at the time and how was the fisa that he extended different than the original fisa . In other words was there Additional Information that was put there . If hes just rehashing based off a yahoo news article and the steele dossier and whose unrelated thats really thin and he would have to answer hard questions. David congressman ron desantis great to see you again congressman thank you very much. Thank you. David were coming right back with much more please stay with us. President trump lasting desperate dems as lawmakers gear up for the midterms. Nancy pelosi what shes doing to this country, and shes gone so far left and schumer has gone so far left, oh, i look forward to running against them. We take up whether republican s will add to their majorities with ed rollins and Michael Goodwin next. And President Trump calling a daca deal without a border wall a waste of time. As a pair of senators unveil their new immigration plan, their new immigration plan, those details and more, straight you cant predict the market, but through good times and bad their new immigration plan, those details and more, straight at t. 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David democrat senator chris coons and republican john mccain playing politics with immigration offering up a so called deal falls very far short of white house expectation s. The latest plan gives amnesty to Daca Recipients in exchange for beefed up Border Security but no all and no end to chain migration or the lottery system President Trump wasted no time shooting down the proposal tweet ing out any deal on daca that does not include stronger Border Security and the desperatelyneeded wall is a total waste of time. March 5 is rapidly approaching, thats the daca deadline and the dems seem not to care about daca , make a deal. Joining me now is ed rollins former white house political director under Ronald Reagan and chairman of the Great American pack and New York Post columnist Michael Goodwin, both are fox news contributors and gentlemen thank you very much. Ed, senator mccain of all people , he knows this is not a starting point. I mean it leads me to believe that he does not want a deal, so why else could he be putting this out there . Maybe this is part of his legacy hes always been wrong on immigration even when he ran for president and my sense is this is just kind of a poke in the eye but its not going anywhere its dead. The president made it very clear you want to build a wall which he promised the American Public he would then well talk about Everything Else but if you dont want to build a wall you dont want to fund the wall forget it. David michael all is coming up in light of the memo, and what it indicates about the deep state. You know, which has been made fun of by the talk shows and democrats saying oh, you conspiracy theorists. What we are seeing now, not just with regard to the fbi or the Justice Department, now even the state department is involved does indicate that theres these careerists in the government that were dead set against donald trump becoming president. And i think that is the key difference between say a permanent bureaucracy or even a regular swamp. Were talking here about the politicization, the weapon station of Police Powers of all the powers of the government, if the state department i think i mean the way the state department defended Hillary Clintons emails until the end. We had Loretta Lynch and the Justice Department meeting with bill clinton, so all of these examples are not your ordinary permanent bureaucracy or anything like that and of course david we should mention by the way the idea of police state powers is something thats been talked about and movies made by the left in this country for decades, for as long as ive been alive and yet now theyre taking the opposite point of view. Were talking about the media too the media used to always rail against government secrecy in this case the Mainstream Media was in favor of keeping all this information secret as though the New York Times said in an editorial this is the republican plot, a plot against the fbi. I mean its outrageous how far theyve flipped. David and ed the state department, you and i have talked about the state department before. I mean, for all of the talk about what the fbi and the Justice Department have done thats highlighted in that memo, the state department i think if youre looking for a nest of bureaucrats who want to keep things the way theyve had them who dont want to be shaken up the way donald trump said he was shaking up the bureaucracy the state department is even harder core than justice. Well theyre very happy with Hillary Clinton being secretary of state and they are equally happy when john kerry was secretary of state and not very happy with anybody that donald trump has tried to put in there so i think thats a place, they thought of themselves as part of the Hillary Campaign and to a certain extent any of the stuff they were feeding here to steele was totally improper. David what do you think is in the state Department Memo . Well i think they have everything over there and i think theyre the ones that basically had relationships with the russians and obviously knew something was going on and they were very much plotting it. When all is said and done i bet thats the tr