points, in and out of session lows. a lot built on noise and simple to pounce on stocks that have run up and fast. that is not affecting amazon shareholders who are seeing pop to their stock today, owing to momentum. trish regan. to you. trish: lots going on, neil. you heard zare -- sara huckabee sanders indictments had nothing to do with the trump campaign. they indicted both man for for e and and along with his partner and a advisor to the campaign, george papadopoulos. the market doesn't care prem doesly about all of this. perhaps because this is stuff that happened prior to paul manafort being on the actual

trump campaign. we did get news that congress will consider phasing in corporate tax cuts over five years. so that is probably weighing on things more than anything else right now. i'm trish regan. welcome, everyone, to the teleagainst port. paul manafort, george papadopoulos indicted here. manafort 12 counts. and papadopoulos guilty of making false statements to investigators. alan dershowitz here to break it down momentarily. democrats wasting no time to distract us from the clinton sandals gaining steam. you know about it the russian dossier and shady uranium one deal. new details on both coming up. back to president trump tweeting

about the charges brought against his former campaign manager saying, and i quote, sorry, this is years ago, before paul man in for the was part of the trump campaign but why aren't "crooked hillary" and the deps the focus? blake burman live at white house with more on this blake, if i'm the white house, this is stuff that happened years before he was ever related to the trump campaign. it doesn't seem as though anything from the campaign actually materialized in their allegations. reporter: that is part of the argument and the white house and president, you just read the tweet, trish is making on this day. when you go through the 31 page indictment, 12 counts, when you separate paul manafort, rick gates out of the equation on one side there, is lot of quote, unquote squeal the u.s. government lays out. tax fraud, money laundering, lying to the doj, et cetera, down the line. from white house's perspective, president's perspective, making

the case, hey, go through the 31 indictment you never see the words donald trump in that indictment with sorry. they're making the argument as the indictment lays out much of this activity deals from 2006, up until 2015. paul manafort came on as campaign chairman in summer of 2016. here is sarah sanders trying to make the argument as the white house press briefing. >> today's announcement has nothing to do with the president, has nothing to do with the president or the president's campaign activity. the real collusion scandal several times before has everything to do with the clinton campaign, fusion gps and russia. there is clear evidence of the clinton campaign colluding with russian intelligence to spread disinformation to smear the president to influence the election. we've been saying day one there is no evidence of trump russia collusion and nothing in the indictment today changes that at all. reporter: paul manafort was a major player.

he was brought on for delegate situations and moved into the campaign chairman. democrats making case this is why the special counsel needs to go forward and needs to be independent. chuck schumer, top democrat in the senate, and i quote, these reported indictments show the special counsel's probe is on going in a very serious way. the rule of law is paramount in the america and the investigation must be allowed to proceed unempead. -- unimpeded. charged by the grand jury as part of this probe, george papadopoulos an advisor to the president. he was caught up what the feds say was lying to investigators. at the briefing sarah sanders was asked about papadopoulos. she tried to make the case a small portion of the campaign a volunteer. whatever happened with him and the feds had nothing to do with the campaign itself. trish: let's follow up on nothing to do with the campaign itself with none other than harvard law professor alan dershowitz. thank you, blake.

mr. dershowitz is author of, "trumped up," criminalization of political differences endangers democracy. that is his brand new book. good to have you here, professor. what do you say, when the president says, white house is saying look, this has nothing to do with the campaign, are they right? >> 100%. it has nothing to do with the campaign but has everything to do with mueller's attempt to go after donald trump. they would go after him for jaywalking if they could. they want to get him in the system, so that they have leverage. so that he becomes the first domino. the message that this sends to people like manafort and gates is, join our team. you want to get out of jail card free you have to give us stuff on trump, give us stuff on people close to trump, you get to walk. of course it has nothing to do with the campaign but has everything to do with the attempt by mueller find the

final domino who is sitting in the oval office. trish: i was doing a lot of reading over the weekend, one thing i came across a quote from 1940, attorney general jackson, therein is the most dangerous power of the prosecutor, he will pick people he thinks he should get, rather than get cases that need to be prosecute. in this particular situation as we look at robert mueller, the aggressiveness of him and his team, are they trying to solve for an answer essentially? they know they want to get someone, ideally the president on something, they will do everything they can to make the dominoes fall? >> that is the great danger of a special prosecutor. he is given a job and he is given a lot of money. he has to show he used the money well. and he has to come up with ultimately with something. and that is why i don't approve of, justice scalia, many people don't approve the special

prosecutors and special counsel because they have a target. they try to get the target. they will get anything ethically and legally to get the target and one way they do it to go after people that have nothing to do the we events at issue, get them some technical issue, some financial issues, squeeze, get them to sing. trish: this has nothing to do with the campaign, right? >> no. trish: allegations from years ago. >> it puts pressure to sing, but to compose, make up stories. witnesses will often make up stories in order to get out from under these kinds of charges. they seem to have manafort dead to rights. i'm sure they have him on paper, documentation, wires that were sent. they're saying to i am, you have no way out of this except give us information about other people, other dominoes. you know a lot of people like this, democrats like this, when it is being used against trump.

civil libertarians hate this kind of thing when used against other people. as a civil libertarian i have to be concerned about any technique that is used by prosecutors that could result in unfair prosecutions. trish: weissmann, andrew weissmann, lead attorney for mueller, he doesn't have exactly the best history. he went after arthur andersen, shut down the firm. 85,000 people lost the jobs. you imagine the economic ripple effect, only to have the supreme court overturn the case, unanimously overturn the case. >> yeah. trish: it didn't do any of those 85,000 people who lost their jobs any darn good at all, because andrew weissmann put the company out of business. this is not only time. he had a history of these. >> i had a case against andrew weissmann. i have to tell you he is one tough lawyer, very, very aggressive, very tough. experiences i had with him, he

was not unfair but very aggressive. he plays the game the way prosecutors play it and it is called the domino theory of prosecution, you go first to somebody who is very vulnerable, get him. he is is the first domino. he gets to turn on somebody else who is second domino, third domino, ultimately your goal to get the big domino in the oval office. i don't think there is evidence that president trump committed any crimes but they will certainly not let go until they have gotten to everybody close to the president. that is the danger of this. trish: andrew weissmann, as well, sent five executives of merrill lynch to jail for a year, until their cases were overturned, disrupted their families and careers, disrupted them as well. >> had several prosecutions. he is a typical, aggressive

tough prosecutor. when he is prosecuting your enemies you love him, when he is prosecuting your friends you point out the problems. trish: you don't care. you say i want to stand for what is right here. this is getting out of hand. let me ask you about this. we're getting word manafort and gates are pleading not guilty to the charges. surprised, not surprised? >> they're in negotiating posture. you don't immediately plead guilty. that eliminates your negotiating position. you send your lawyer in. you try to make a deal. the other person who whose indictment just revealed today, he already pleaded guilty. that means he probably already made some kind of a deal. now when it comes to manafort and gates, they have two options. they have three options. one to go to trial and probably get convicted to go to jail. their lawyers don't want to pursue that option. second option to make a deal with the prosecutor. and third option, make the

president pardon them, which the president has constitutionally right to do but very policeally costly. this is three dimensional chess game. trish: great book. alan dershowitz, "trumped up." thank you very much. did former president barack obama's official campaign organization, obama for america as it was known, also have a hand in all of this? in other words go back to the dossier which triggered all of this in the first place, right? we wouldn't have the special prosecutor if the fbi hadn't taken that document seriously in the first place. question is, why were they taking that document seriously? a document that has largely been discredited? and yet our fbi decided it needed to possibly start looking into all these people, including paul manafort because of it? a document that was created by a disinformation firm known as fusion gps? here with me, former secret

service agent and nypd officer, dan bongino. we wasn't be here if not for fusion gps and people that wanted to get some misinformation on the united states? >> how is this not a scandal of the century. you have a organization affiliated with barack obama, ofa we know this is not speculation, shuttled money to fusion gps which in turn bought fake russian intelligence. here is the critical point, as former federal agent this means a lot to me. bogus russian intel made it to the president of the united states in the form of a presidential daily brief, made it to the fbi, and may have made it into fbi documents used to obtain warrants to wiretap barack obama's political opponents. please explain to me again reasonably how this is not the

political scandal of the century right now? i'm open to hearing it. trish: yeah. i mean, to me, the idea that, you know the other side goes out and finances this dossier, by christopher steele, who was at the time a respected intelligence officer. somehow the russians maybe knew this was happening, and they decide to feed a bunch of baloney to christopher steele. then somehow our law enforcement takes that seriously enough that we wind up now having a special prosecutor, and paul manafort, there is no excuse, if he did this as they're alleging, hiding these payments. >> yeah. trish: years ago but it has nothing to do with what the left has been accusing the president of all along. dan, and that is a total disconnect as alan dershowitz said. this is the danger with these special prosecution. >> in a constitutional republic which we are, we target crimes, not people.

we find a crime, go after the people. we don't find the people and go after the crime later on. that is clearly what is happening here. how do you look at this any other way? this will be a major mainstream media, far move left hackery scandal, the fact they arrested a fibber, a guy who lied to the fbi and guy did bad business dealings before he joined the campaign and into the campaign a bit and fired by donald trump. the fact that the democrats paid through intermediary russian people, and to get bogus political intel and on their opponents and wiretap to potentially unmask them. the contrast is striking. >> is this watergate on steroids? real quick, dan, i want to point out through the viewers, we learned paul manafort released on $10 million bail. he is under home detention. the same with gates. five million dollar bail with

home detention. watergate on steroid, is this what we're living through? >> this is watergate on steroids on the morning wheaties. you have the sitting president use intel financed by his own party to get briefed by the ic community which was then used potentially later on. we know it got to the fbi, to target his political opposition. watergate they broke into a hotel. this they broke into entire information file a foreign government had of fake information on their political opponent. don't worry, nothing to see here. move along, media. trish: that is the truth of the matter. as we talk about russia and we try to get to the bottom of that, and we need to it is important, it is critical, certainly before the next election, we have to be asking these questions. and we have to be asking about what exactly the russians were doing with this so-called dossier, feeding bad intelligence. how is it that we effectively became vulnerable to that ourselves, turning that all on

its head and with a independent prosecutor. >> we got played by the russians. we were made fools of. democrats and frankly some people on the republican side, not trump were part and parcel. we got played for fools. trish: perhaps, we're still being played as long as this whole thing turns out. dan, thank you so much. good to see you. we have markets, don't really care about this they're basically shrugging this whole thing off about the indictment, down 66, off the lows of the session, but what could be concerning here is tax reform. there is talk right now that the house is looking into phasing in corporate tax cuts over five years. so instead of doing it all at once, guess what, you will get 20% rate. they want to take a whole darn five years to implement it. that is not really good for the economy, right? there is going the boldness of a 20% rate. that has some investors concerned. we'll talk about that. plus the democrats trying to use these indictments against the president, trying it use

them against his pro-growth agenda. are they going to get anywhere? that's next. hi, i'm the internet!

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points. paul manafort pleading not guilty at his arraignment. he being set free to his home under house arrest, $10 million bail, five million dollars for gates. to look at political ramifications. robin biro are they disappointed they didn't come up with anymore here? >> americans want to hear the truth. we were told about the russian collusion. we were told it's a hoax. now not only is it true, they were attempting to influence on both sides, both democrats and republicans. we need to find out the full scope and ramification. i do want to say, happy mueller monday, this halloween eve, if he is knocking on your door, it is probably not for candy, trish. trish: are you comfortable if we're really going to investigate this, and i'm with you on that, we should be investigating this, that that

also means investigating hillary clinton, the clinton foundation, the uranium one deal, and the so-called dossier, a bunch of misinformation that was fed to an intelligence official that had been hired by an american firm, fusion gps, and then was spit back to the democratic party, including hillary clinton's team? are you okay with all of that? >> mark my words, i want that. i want a full scope of investigation to either clear or condemn those who are guiltry, regardless of their politics and their political parties. we need to get to the bottom of this. trish: i agree with you. i don't think paul manafort will take you there, steve cortes. i do think if you poke around uranium one a little more, and poke around the clinton foundation and bill clinton's 500,000 speaking gig in russia, weeks after the uranium one deal closed, you might find a little something.

>> trish, honestly amazes me, it really does, that mueller and his team could spend millions of dollars, i think it is 16 full-time attorneys pursuing this case, this is the best they can come up with? something that happened well before paul manafort had anything to do with team trump? pretty technical violations, and they may be important but they have nothing to do with, nothing to do with the trump campaign. so i think what we have seen time and again is, evidence that there was zero collusion between russia, or any foreign country and our campaign in 2016, and, if anything, we see the opposite on the other side of the coin which is there is ample evidence there was massive collusion between russia and clinton, inc., and the clinton cartel. i hope mueller will shine investigatory light on that side of the equation where there seems to be something real. trish: i wonder if that will

happen? you look how mueller stacked the deck with attorneys on his team, repeatedly given to the hillary clinton campaign or democratic party. >> right. trish: i realize in d.c. there is a lot of lawyers give to the democratic party. i wish mueller had found a few that didn't have the record. >> to that point, trish, too, "the wall street journal," which has been no friend of president trump, not as candidate, not as president, "the wall street journal" said he should recuse himself from the vision. there are far too many conflicts for him to honestly pursue this investigation that he is too close to it personally. i don't often agree with the journal these days, but i agree with him on that. he is not fit to conduct the investigation in the first place. if this is, if this is the bombshell this, is it what we've all been waiting for, i mean, holy cow, talk about nothing? trish: seems that way now. if i were the white house and if i were any member of the republican party, they're

worried about the agenda, tax cuts, those have to get through they want the tax reform, does it jeopardize it? i would say, no it doesn't. you have a bit of nothing news, at least for now. robin, i would imagine, as professor dershowitz pointed out the danger, perhaps for the country and for republicans and for the president in all of this, that somehow, things get made up? people say things that they don't intend to say, and maybe aren't even true, in an effort to, to save their own hides. >> exhibit a, george papadopoulos, former campaign advisor. and you know, now, we see that he lied, and said that, i can't, it is impossible to say at this point if he just lied outright or he forgot, he says he was offered information that there were thousands of emails of dirt on hillary clinton. that is probably the clearest indication that there was a attempted collusion. and, we need to find out where

and what. i just want to take, go back to the '90s. talk about whitewater. that started off as a land investigation. we ended up with monica lewinsky. these things have far-reaching investigations of the we could find out anything. we could find out dirt on democrats, republicans it is too soon to tell. i'm glad he has a wide-ranging scope. that he is fully checking everything out because americans do deserve that. trish: i don't want to give too much away because we'll get to this in a little bit in the show. i have a lot of serious questions, why it was we were so concerned about russia for so many years, suddenly hillary clinton becomes secretary of state, barack obama is president of the united states and russia is no big deal, suddenly okay for the russian state atomic energy corporation to purchase 20% of the united states's rue uranium? this is bizarre stuff. i question whether it has to do with the all the money going to

the clinton foundation. you can't be enemies with someone giving you that much money? in way we get to that. steve, robin. thank you so much. republicans ready to reveal the tax tax reform on wednesday, and there are already concessions that republicans think about going after the 401(k). they're also talking about potentially phasing in tax cuts over a five-year time period. how does that do anyone any good? we have intel next. how long do you think we'll keep -- oooooohhh! you stopped! you're gonna leave me back here at year 9? how did this happen? it turned out, a lot of people fell short, of even the average length of retirement. we have to think about not when we expect to live to, but when we could live to. let's plan for income that lasts all our years in retirement. prudential. bring your challenges.

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when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. trish: paul manafort pleading not guilty to robert mueller charges. we look the market off 80 points, off the lows of the session. think about it, don't only .3 of a percent. in the scheme of things is that a big deal? probably not. i'll tell you what is a big deal. what is a big deal is tax reform. there are many investors, many

corporations, and many middle-class americans are hoping that some kind of tax reform does get through. adam shapiro is live on capitol hill with a look how all the distractions right now, there in the courtroom, shall we say, at least with paul manafort and gates and robert mueller, how that could possibly affect the policy to put the economy on the right track? reporter: speaker rifian actually said that. we're committed to getting this through. that is where congress is focused. kevin brady person you want to watch. we'll get details for tax reform. as you are reporting, there is a plan being discussed about possibly phasing in the corporate tax cuts, down to 20% over five years. foxbusiness.com reported that, earlier this month. but then there is the negotiations offer two very important things. one is the 401(k) plan. the 2400-dollar cap, on pretax

contributions is still very much alive. there is the discussion for state and local taxes. lee zeldin, a republican, he was on our programing this morning, he said he is opposed to repeal of those state and local tax deductions. here is what he said. >> i don't know exactly what the ways and means committee will be placing on the table on that. so we'll look to see what they're proposing. this is a deduction, that is a new debate. this deduction has been around for 100 years. reporter: but the argument from the administration and from kevin brady, by the way, trish, is that, look you might lose the deduction for state and local taxes but increase in the standard deduction for most americans is going to offset all of this. here is what kevin hassett, who is the chairman of the council of economic advisors said this morning when he was on with maria bartiromo. >> they're looking just at the fact that since we increased the standard deduction, fewer people taking the mortgage deduction. not that the mortgage deduction is going away, we're simplifying

people's taxes. if you think simplifying taxes, cutting corporate rates, tax cuts, that will stimulate the economy and income and increase demand for home building. i think the homebuilders made unfortunate and not very literal choice. reporter: homebuilders, he is talking about the homebuilders association, they said they are going to work to defeat the tax bill. trish: thank you very much. good to see you, adam. president trump is holding democrats feet to the fire, to shrug off increasingly sketchy to say it the least, right, deal with uranium one. how did that deal ever happen? why did cfius approve that deal, when a whole host of other deals had to be pulled? what connection is there, between the clinton foundation and a change in policy that we saw undersecretary of state clinton, and president barack obama? maybe these are some of the questions that should be

investigated? we're on it. what? it's just.... we were going to ask about it but we weren't sure when. so thanks. being upfront is how edward jones makes sense of investing.

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or go online to enroll. sfx: mnemonic trish: everyone big news today, that paul manafort pleaded not guilty to robert mueller's charges. he was indicted on 12 different counts. he will be released, expected on $10 million bail, released at least to his home. so while mueller ininvestigates everything going on with maul pan for -- paul manafort and otr investigations in d.c., the house is beginning its investigation into you rein yum one and asking how that deal got approved. the department of justice lift as gag order on a fbi informant that can give us a whole lot of insight how the deal happened. here to discuss the doj, we have former advisor jemele jaffer.

how does that deal get done? let me point out sieve just, nine different members come from variety of different departments including treasury and state, eric holder was on that as well, nobody got a real concerned when they saw armz uranium holding looking to buy the canadian company that all of those uranium assets in the u.s.? no one got little worried when rositum, the russian state energy organization? how come? >> that is concerning. cfius was looking at transaction. there was first 50% purchase, then by 100% purchase by russian state energy energy, has control up to 20% of the u.s. uranium. that is very concerning. with all the money sloshing around between these folks involved in that business, clinton foundation and like, all the stuff we heard about the clinton foundation, all the money, it is troubling, when you

have people like angus king talking about need for investigation, along with chuck grassley, chairman of the judiciary committee, call fog special prosecutor, you know there is something is to look at here. trish: look, what i'm saying, my entire career is spent in the space of business journalism. i have understanding how difficult these crossborder transactions are. a lot of deals are announced never go through. why? because they can't pass the regulatory burdens. in this case this company goes through, yet other deals got pulled. three deals, four, with trump, didn't allow purchase of a company giving some semiconductor business to china. four deals have been vetoed by the president of the united states, but many, many, many deals, get pulled from cfius pulled all the time, because basically cfius, i don't think this will really go through. rather than let it go to the

presidential level, the bankers pull the deals. the companies pull the deals. in this case this deal somehow goes through. let me highlight what also was going on at this time, jemele. the clinton foundation gotten nearly a $150 million in the years prior from russians for the foundation. i'm asking did that have anything to do with nobody being concerned that the russians were buying uranium in the united states of america? >> trish, as you pointed out earlier this took place in the context of the russian reset that the obama administration put in place. people talk about the trump campaign, and its interest in working with russia, it began at beginning of obama campaign about the russian reset. we're not curious about the money, what it had to do with it or notes but we're talking about an informant right in the middle of it, by some reports, russian operative tried to hire in the united states who may have direct information about what happened, whether there was or

was not a quid pro quo. we'll find out more but certainly enough to at least investigate and look further into it. i think there is right the house is looking into it. the senate leadership talked about this, both on bipartisan senate folks from chuck grassley to ainge gus king. i think they're saying there is something to look at here i don't why this suddenly became news again, we reported on this, as fox business extensively. the reason why it is news, jemele, we're learning that fbi looking into vladmir putin at the time was trying to have a larger influence, outsized influence on atomic energy. you have that investigation going on, simultaneously, while the russian state atomic energy corporation is buying up uranium. it doesn't add up. i do not understand why the deal was allowed to go through. these are the questions when we talk about russia that need to be raised. thank you. the president is set to make his pick or the head of the federal reserve on thursday, one

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this news out of d.c. about the indictment totally in stride, perhaps in part, because in some ways they might have been prepared at least if you listen to the left a whole lot worse. in this particular case paul manafort and gates and another foreign policy aid they're looking in a little bit of trouble, but not associated, when it comes to manafort and gates, nothing to do with the campaign. some concerns about tax reform and whether or not we'll really see a 20% rate right away for fr for corporations. other thing weighing on the fed. president will announce his choice for the federal reserve chair on thursday. wsy is reporting that the president is leaning towards current fed governor jerome powell for the top job, but, economist john taylor could still be a contender. joining me a look how either

would be for the markets, kaltbaum capital management president, gary kaltbaum and our own lori rothman at nyse. lori, who do the traders want on the floor? >> jerome, that is 100% everyone down here is looking for, jerome powell, the fed governor. treasurys coming in today. jerome powell being very similar to current fed chief janet yellen in her dovishness. likely to carry on a similar monetary policy as opposed to john taylor from stanford known to be more hawkish, likely to raise rates, would be more likely to raise rates sooner rather than later. the other .

>> it has been pretty darn good for investors. i would ask, why, why threaten that in any way? if it ain't broke, don't fix it. why not keep janet yellen in the seat? >> i just think he wants to do something different, put his own stamp on things, trump. the jerome powell will be the guy. it is simple. easy money has let markets do what they have done and john taylor thinks like me. he believes easy money is not good in the long run. it is really hurts savers, number one. number two, the markets, who knows what price discovery is at this point in time. expect powell, expect easy money but -- trish: is this extension of janet yellen? similar policies. >> janet yellen, which means, slow-going but more importantly, if things start to head south

again, either markets or economy, they will lower rates as quick as you can say boo. even start printing money if things start getting hairy. trish: turn to another story making news today. lori, softbank dropping efforts for sprint to merge with t-mobile. how come? >> wireless carriers, softbank was talking to t-mobile about merging. t-mobile is down 4 1/2%. softbank currently owns 80% of sprint. they're coming down a lot too. off, sprint more than 70%. story basically they met this weekend in japan and softbank is a little bit concerned about having to give up control of sprint holdings if it goes ahead to merge with t-mobile. supposed to be a all-stock deal but there were some issues of controlling too much of industry for softbank. that is why your seeing soft bank pull out here. trish: thank you, lori. thank you, gary. good to see both of you. we'll be back with more breaking

news on the manafort saga. i will see you here.

trish: this just crossing right now. rick gates' spokesperson, the paul manafort associate who was indicted here and released on $5 million bail under house arrest, his spokesperson is saying that rick gates pled not guilty today. he welcomes the opportunity to confront these charges in court.

this fight is just beginning. is it just beginning? let's go right now to steve mull roy, a professor and former prosecutor, federal prosecutor. thanks for being here today. what do you make of all this? indictments coming in, having nothing to do with what perhaps many members of the left were hoping, that it would be directly tied to the trump campaign? >> well, trish, many ways it is not surprising. i think there was some expectation that mueller might begin with something like this, which while not directly tying it to trump himself or the operation of trump during the campaign, might lead down the road to some more information if basically the prosecutors could flip manafort or gates, get some testimony in exchanges for lenient treatment. this is another one -- >> i want to stop you there. you may have seen professor dershowitz early in the show.

>> sure. trish: his concern about that, sometimes you run the risk that people say things, that may not even be true, because they're desperately trying to save themselves from yale time. jail time. his concern that mueller is basically looking at these guys, gates and manafort, you guys can find yourselves in prison if you don't cough up something that helps us. is that a serious risk right now? >> well, it's a risk in any prosecution. i mean in every prosecution, you sometimes use, you know, giving people a deal in exchange for testimony. and then the fact that you gave them a deal has to be disclosed to the other side. they get to use that in cross-examination, to attack their credibility. the jury gets to weigh the balance therefore. you do that in any prosecution. they are going to do it here. professor dershowitz has a point, when you have independent councils there is maybe enhanced risk of that. the idea the person is going

after a target rather than investigating a crime. that was the concern with ken starr back in the '90s with the clinton impeachment. it's a concern now. then again our system is supposed to allow the jury to make that determination. you bring all of that out. you let the fact-finder decide. trish: doesn't always work that way because they're looking for something, right? steven, they look and they look and they look, maybe come up with something to do not originally what they wanted but it is something and that makes them feel successful? >> that is a risk. we're going to have to wait and see. this is early days. that is the first set of indictments. i'm sure we see more later on. right now the indictment doesn't directly allege anything against trump. it take as period of time mostly not coextensive with the campaigns although some allegations go up into 2016 and 2017. we'll have to see what happens. trish: is anybody looking into

why on earth we would, our law enforcement would be looking at this discredited dossier rather seriously? i mean if you want to turn this on its heels, right, it feels like we may have gotten a bit played by the russians, but how are we allowing ourselves to get played? >> right. well, and that goes to what extent mueller relying on dossier. the information doesn't they might have privately had used that as a guide if they are going to go forward with the prosecution there can have better evidence than that. i understand understand some of the allegations have been discredited. it sort of a sideshow because the prosecution will not rely on that.

if they instigated something. i will see you all tomorrow 12:00 noon on out numbered. liz has it from here. we are waiting on a life picture from paul manafort's house. he has agreed to home detention after pleading not guilty to a host of federal charges including conspiracy against the united states. of course markets are on edge ahead of what's can be the biggest reaction. as we look from friday at not by news of the indictments but what was supposed to be a significant corporate tax cut might not --dash