Detecting a jihadist, now shes using the term jihadist now a days. To be able to detect if the jihadist are in the United States, but the Obama Administration refuse today consider one element of the vetting. If you say no, youre going to let jihadist come to the United States and assume the responsibility. Thats what mr. Trump is trying to change. Charles according to white house now the screening process includes collecting document and Resettlement Support Center that goes through the application process and you get the security change after that, department of homeland security, the state department and biometric security check, medical check and cultural orientation. Are they missing something in this process where they are not focused enough with respect to allegiance to dangerous terrorist groups . Absolutely. Let me make it very, very clear. What they are missing in this sophisticated process our agencies are fantastic. They receive political orders. They have all the tool ifs they want to apply. Since 2009 the Obama Administration has denied for these agencies to use any reference to jihadi ideology. So you are checking on an individual coming from mosul without even considering that this person is part of this ideology. So you check on the police records, you check his or her psychological situation, has there been crime in their life, everything checks. The one thing is important the jihadi ideology no check. Charles you ask someone if theyre in line with isis, do you want to come to the country and blow up a mall somewhere, they are going to say no. Thats what we are focusing on. You just dont rely on hello, sir, are you a jihadist, of course, not. How about cyber world . Many, many of the jihadist who have infiltrate it had migrants going to europe have been posting on their facebooks in syria or iraq, pictures or interactions with the jihadists and they show up to the officers in germany and they say, no, we are cool people, we have never had any connection, oops, there is evidence. So this is one way. There are multiple ways including ngos, interaction, depending on the age and group. The idea is to make sure that jihadists are not coming into our country. Thats simple. Charles real quick, walid, it seems like a major pivot and im sure one welcome within the camp, within the circle Donald Trumps circle. How is that going to happen also . We have been pushing for this even before mr. Trump becomes a candidate and hes the one that announced it finally. This is one of the most important strategies to counter jihadist. Their spokesman say, we are engaging and you check, its the Muslim Brotherhood or the supporters of the iranian regime. That needs to be a major change of strategy. Once you have the partners, then you can win the war of ideas. Charles i got you, wali phares thank you very much. Thank you. Charles donald trump had concerns about the iraq war since the beginning mentioning an interview he gave with niel. Three months before the invasion i said in an interview with niel cavuto to whom i offer my best wishes for a speedy recovery, that, quote, perhaps we shouldnt be doing it yet and that the economy is a much bigger problem. Charles now, he is the actual interview he was referring to. If you had to break down for the president , how much time you commit to the iraq and how much time you commit to the economy, what would you say . Im starting to think that people are much more focused on the economy. They are getting tired of hearing, we are going in, we are not going in. Whatever happened to the days of douglas macarthur, he would go and attack . Its either do it or dont do it. Neil the leash on this is getting kind of short here, the president has to do something presumably sooner rather than later and stringing this along can ultimately hurt us . He either has to do something or not doing something. Hes under a lot of pressure. I think hes doing a very good job but, of course, if you look at the polls, a lot of people are getting tired. Ting iraqi situation is a problem and i think the economy is a much bigger problem. Charles specialist assistant ron if donald trump is onto something. Ron. Charles, good to see you. I dont think he is. I worked in the white house at the time the deliberations were going on, the president of the United States has to have the ability to chew gum and walk and deal with the economy all at the same time. Its easy for mr. Trump to cherrypick maybe we shouldnt have gone in and focused on the economy. President bush got up and he was with military advisers very early in the morning and very late at night, its something that he took something seriously and yes, he did go to the United Nations, not once but twice, charles, why . Because we we wanted to find a coalition of the willing to fight the terror that was sudan hussein and thats exactly what he did. Charles theres been a lot of speculation and a lot of debate, donald trump seeming to say at the very least that the economy was so much more of an important issue. I get that, you can chew gum and declare war at the same time, its two major events and hes saying that perhaps at the time george bush would have been better off focusing on the economy. Well, i think if you look back at what we did do in the bush administration, not only did we cut taxes in 2001, we also cut them in 2003, the suggestion or implication that the president wasnt fully focused on the economy when he first came into office, charles, i just think is wrong. The president of the United States has to be able to wage war against those who seek to harm us and our allies and the president has to be in a position where they are also able to look at domestic concerns. George bush, if you look at the period of 20022007 was very strong. Charles ron, in retrospect, the bush family, political advisers that worked under him, do you any in retrospect was a mistake, that iraq was a mistake . If you go to the United Nations and you seek security resolutions, seek to not only have authorization of military force but also build coalition to not find weapons of has destruction. That was an intelligence letdown. Dont forget, charles, the same folks of john kerry, Hillary Clinton and joe biden and others voted for the authorization of use of military force, several years ago, 15 years ago it looked like iraq was more of a threat than, of course, it ultimately turned out to be but you cant secondguess yourself. As president bush and president obama knows now you have to act and act divisively. Charles i appreciate it. Investors worrying about what the feds may do. Following a new york fed William Dudley exclusive interview with peter barnes where he said a rate hike could be coming really soon. Peter barnes joining us now. Like to see you in the studio. Because i think the wall street was settling in very comfortably, as a matter of fact, with the notion that nothing would happen until after the election. At least until after the election. Listen, bill dudley has been one of the most cautious voices at the fed whether or not to race Interest Rates. Make sure if it does, that the data supports a rate hike, that the economy is Getting Better and this morning he talked positively about the economy, real income games are sturdy was his word, job gains have been pretty sturdy, he sees the second half Getting Better. What he was doing is warning investors not to get complaisant about the prospects of fed rate hikes this year. Listen. We have to see where the data falls and where we are in terms of broad support for the economy. I think the economy is in good shape. I think consumption is doing quite well. Job gains are pretty sturdy, but in general the economy is going to be better in the second half than it was in the first half. I think the labor market is going to continue to tighten and in that environment we are getting closer to the time where we have to snuck up Interest Rates. The fed does not hike rates going into an election. Ive actually looked at the data going back 30 years, thats not true, but i still charles wasnt that the reelection with bush . They did it twice before during bush, they were cutting but not enough for him. In a couple of instances they were raising. I asked him about that, are the president ial elections done away with your thinking here and this is what he said about that. I dont think the election would weigh on us one way or the other. As i said, if we decide to raise rates is because the economy is doing well and not worried about inflation overshooting in a major way. The fed values independent, it usually says that politics does not influence. Charles great stuff, peter. Stocks, indeed, are pulling back thanks to that interview, peter. Our money guy scott martin on investors should follow suit. Scott, you have multibillionaires that made a lot of money particularly to the downside, they continue to bet big against this market. So far its been tough for zorros. Hes double down on position which has not worked out. The market has rallied in his face up to this point. Sorros comes with a lot of money and therefore he can take pain like hes had in there because the longterm goal, charles of maybe like you and peter were talking about, maybe higher Interest Rate environment, slow economic both situation here and globally pertains to the fact that we could see lower equity even if he has to take some pain. Charles he said it was because of chinese economy. I think the main thing that the audience should know and, scott, help me out, billionaires can be wrong a lot longer than you and i can be long. They have more staying power. The old joke about the markets being irrational than dow stay solvent, the ballaries billionaire who is have the cash to purpose. Hes at a really great history specially with currency, charles. Later in the 90s hitting hard the asian currency crisis. Dont exactly take advise on equity. Charles when he sells all of his stock maybe thatll be the red flag because he does own positions too . He does. As an individual investor when youre looking at the portfolio there can be pullbacks. Longterm and companies that are seeing great cash flow and demand for products are things this you should hold in your portfolio for the longterm. Charles we appreciate it, buddy. Right now the Obama Administration unveiling a second round of admissions and fuel efficiently standards for medium and heavyduty vehicles that requires 24 carbon emission. New investment that helped spur the development of new technology. We will have more on this in just a bit. Hillary clinton in the men time pounding her economic message in pennsylvania but more email questions are popping up. She cant evade them. Thats next you both have a perfect driving record. Until one of you clips a food truck. Then your rates go through the roof. Perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you twentyfour seven. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Charles Hillary Clinton about to make an economic push in pennsylvania but more email problems are mounting for her. Blake berman with the latest. Ake. Blake charles, two top house republican, the department of justice should norfolk tide Hillary Clinton for both perjury and making false statements. Congressman Jason Chaffetz and congressman sent a letter to doj laying out the very case. They point the answers that clinton gave under oath last year during congressional testimony, her benghazi testimony and they point to these four issues, whether she sent or received emails that were marked classified at the time, whether her attorneys reviewed each of the emails within her email system, if there were multiple servers and if clinton handed over all of her workrelated emails. Chaffetz and gullet contend that the fbi director had rebutted all four of clinton responses there. Here is what they write, quote, although there may be other aspects of secretary clintons sworn testimony that are at adds with the fbis findings, her testimony in those four areas bear specific scrutiny. Now, we should note a couple of items here, charles, its still unknown if the doj will actually take the next step and carry out investigation. Also goodlatte was Just Announced by the Trump Campaign as an adviser. Charles thank you very much. There were two servers . No, there was a server just one . Theres only one server, is that what youre telling me . The server that the twi has . The fbi has the server that was used during the tenure of my state department service. Secretary clinton used several different servers and administrators of those service. Charles Republican Congress tom sent a letter urging clarification. Thanks for joining us. My pleasure. Charles james comey came out and gave that he layed all of the reasons why everyone thought there was going to be an indictment but there werent, in the process he certainly did seem to indict Hillary Clinton for all the things that the republicans in the house are looking for. How confident are you that the department of justice will follow up here . Well, i worked with james quite a few years when i was a u. S. Attorney, he was a u. S. Attorney and he was appointed attorney general, i still have confidence and faith in him, Justice Department know because its very clear that she lied under oath when she was questioned by the Oversight Committee in dc several months ago and then she got on television the 29th of july talking on a program on tv and said that comey said that whatever she told them in their meeting, that was the same thing that she told the American People and thats just not true. Shes lying. Comey did not say that she that what she told the American People was the same thing that she said in the interview with the fbi. Now, here is a question that i have, an interview with the fbi in my experience and i used that quite often. When i brought someone to interview, they were video taped, if they were video taped at least audio taped, if theres no audio tape there should be extensive notes. According to to the fbi director noab of this occurred. Thats why i sent the letter to the director saying i want a clarification and he has a responsibility to come out and, again, refute, rebut, however you want to phrase it, Hillary Clintons statement to the media. Charles theres no doubt that everyone is shocked and taken back that comey himself wasnt directly involved with the interview process as well as other things that you point out and whatever notes were taken that will be released at some point this week to congress, but that wont be enough. Do you expect answers from comey if hes even allowed to give these answers . Well, its not a fact of whether hes allowed. You know, you have to make a decision. I always thought the Justice Department the attorney general was appointed by the president , if i were the u. S. Attorney in dc, i certainly i certainly convene a grand jury to investigate the perjury. But also even as the director of the fbi, if the administration is not following athe law and the the president does not follow the law, thats handed to the attorney general not to prosecute and then the attorney general or fbi director say im resigning and this is why. Charles thank you very much. We look forward to hearing from you as this progresses. Youre very welcome. Charles the start of the new home surging in july, so does this mean that the economy is starting to get a jumpstart, we will talk about it next charles more evidence today that the Housing Market continues to build momentum, housing climb to highest levels since february. The news by record quarterly revenue and earnings at home depot which raises fullyear Financial Guidance as well. A closer look at the data, however, underscores challenges of the nation based on the changing minds of family formation. Multifamily, they surge in an annual rate of 411,000. They dipped to 318 back in march. Back in january of 1993 multihousing and last year 36. The government compiling data going back to 1909. Young people are choosing family formation and this will not only have a major impact in the economy in the future but will tilt the political map as well. As for the rest of todays session it looks like the pause that should refreshen a rally, im not sure where leadership or catalyst is going to come. Im watching that closely. I want to go to scott on his thoughts about the market and the economy, scott. Well, you know, we talked about Interest Rates going up that got everybody shook. 158 right now. I d like to quote a line from bill murray movie called meatballs, when it comes to Interest Rates, charles, it doesnt matter. I dont think if we raise them or not raise them is going to change significantly. But ultimately, we are only talking about a quarter and a half and thats not the real problem. The real problem like i said before is going to be taxes and regulation and sort that out which we are not going to until we see a new president. We are going to be in this for a while. Charles the markets done okay and done extraordinarily well despite taxes and regulations, of course, we were coming off the major selloff, how much longer can this happen particularly when businesses arent investing money . Well, you talk about the earnings recession, we could talk about bad things. Know that we are creating jobs. I have a question, we keep creating jobs from 10 but all the while the economy has been shrinking. Look at what the gdp is doing. Last year we had productivity numbers that are horrible. We