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The Five

Bret Baier previews the Clinton vs. Sanders showdown

This is a rush transcript from "The Five," March 7, 2016. This copy may not be in its final form and may be updated.

DANA PERINO, CO-HOST: Hello, everyone. I'm Dana Perino along with Kimberly Guilfoyle, Juan Williams, Eric Bolling and Brian Kilmeade today. It's 5 o'clock in New York City and this is "The Five."

(LAUGHTER)

Fresh off of a big weekend for the democratic contenders, Hillary Clinton and Bernie Sanders will join Bret Baier in just one hour from now, for a special live democratic presidential town hall on "Special Report" It comes on the heels of their fiery debate last night in Flint, Michigan, where Sanders turned up the heat on Clinton, and things got intense. Take a look.

(BEGIN VIDEO CLIP)

HILLARY CLINTON (D), PRESIDENTIAL CANDIDATE: I voted to save the auto industry. He voted against the money that ended up saving the auto industry.

SEN. BERNIE SANDERS (I-VT), DEMOCRATIC PRESIDENTIAL CANDIDATE: Whoa!

HILLARY: I think that is a pretty big difference.

SANDERS: Well, if you are talking about the Wall Street bailout, where some of your friends destroyed this economy...

CLINTON: You know --

SANDERS: . through -- excuse me, I'm talking.

CLINTON: I have said, and I will say again. I'll be happy to release anything I have as long as everyone else does too.

SANDERS: I'll release it. Here it is. There ain't nothing. I don't give speeches for Wall Street for hundreds of thousands of dollars.

(END VIDEO CLIP)

PERINO: And when asked about her e-mail controversy last night, Clinton deflected and instead criticized GOP front-runner Donald Trump, proving once again her sites are on the general election.

(BEGIN VIDEO CLIP)

ANDERSON COOPER, CNN DEBATE MODERATOR: The republican front-runner Donald Trump says he's going to talk about your e-mails every single day if he's the nominee and out on the campaign trail. If you're the nominee how are you going to take him on?

CLINTON: The last time I checked, as of last night, Donald Trump had received 3.6 million votes, which is a good number. And there's only one candidate in either party who has more votes than him, and that's me.

(END VIDEO CLIP)

PERINO: "Special Report" anchor Bret Baier joins us from Detroit, with a preview of the big Clinton versus Sanders showdown tonight. So Bret, there's been several debates so far, both republican and democratic, and there's been several town halls that the democrats have held, but this is the first one on Fox News. What sort of different things might viewers find out tonight that they haven't heard so far from them?

BRET BAIER, FOX NEWS: Well, listen. We're excited to have both of them first of all, and it's a big deal here on Fox News Channel. What they're going to hear are some questions that haven't been asked before. As we did with the republican debate on Thursday, trying to ask things in different ways and topics that have not been brought up on these town halls or debates, actually coming off of the debate (inaudible) as you played some of those fiery exchanges. This is a different format, and it's, it is great to have both a debate and a town hall, to be able to get into the weeds a little bit more. Let people here, the Michiganders in the audience ask questions as well. And it will be a good mix between me and the people on the floor behind me.

PERINO: All right, we got to take it around the table. Eric Bolling is going to kick it off.

ERIC BOLLING, CO-HOST: Bret, I know the answer to this already. I just think our viewers need to hear it right from you, great journalist that you are. Do -- was there anything that was agreed to be off limits prior to getting Hillary Clinton and Bernie Sanders on with you?

BAIER: No. There is absolutely no stipulation; no questions were off the table. I'm allowed to actually ask as many questions as I want to within the time constraints. I want to balance it out obviously with the audience here who desperately want to ask these two candidates some questions. By the way, the audience, Eric, is a mixed of undecided democratic voters, there's some independents in here. Remember, Michigan is an open primary tomorrow, so you actually have a few people in this crowd who are deciding between Donald Trump and Bernie Sanders. There's a couple who are deciding between Marco Rubio and Hillary Clinton, they said. And there are supporters of Sanders, supporters of Clinton who haven't made up their mind as of yet. So there's a great mix, there are no stipulations on the type of questions, how many questions I can follow up, I can interrupt, but i plan to be, you know, respectful, but forceful.

PERINO: All right, Juan Williams.

JUAN WILLIAMS, CO-HOST: So Bret, last night, Bernie Sanders made quite a comment about, if you're white, you don't know what it's like to be poor. I thought, I wonder if he has something to say to Bret Baier tomorrow to try to clean this up.

BAIER: Tomorrow? We're talking about in an hour, Juan.

WILLIAMS: No, no, no, when I was watching yesterday on Sunday, I thought about your --

BAIER: Oh, when you're watching. Oh got you. I got you. Sorry, didn't hear that. Yes. And so, yeah, listened, there's going to be some things from the debate that we will follow up on. And there are plenty of follow-up, things that came out of that that are newsworthy. I think what's key to look at, at the questions here is -- are two things; one, ideally something that we haven't heard before or in a way that we haven't heard before. And two, let the news drive it. You know, what is the newsiest thing that is going to come out about this, I think the fact that we're doing it, period, is newsworthy and not on itself. But that aside, you want to get to the substance and the meat of some different issues that help voters decide how they -- what they're going to choose.

PERINO: Kimberly Guilfoyle.

KIMBERLY GUILFOYLE, CO-HOST: Hi Bret. So congratulations on this.

BAIER: Hi.

GUILFOYLE: Very proud of you. It's great for the network and then we'll see how it's done right. I want to ask you this. And one of the first thing that comes to mind if I have the opportunity to question Hillary Clinton would be, obviously about the e-mails, her server, and about the grant of immunity to Bryan Pagliano. Do you think that subject might come up tonight?

BAIER: It may. It very well may. I don't want to lay out all of the blueprint here, but sure. I bet that would come up. Obviously, she was asked one question as you played there last night, but chose not to --

GUILFOYLE: Right.

BAIER: Not to go down that road. But there will be a variety of questions on a host of policy issues. And I don't want to lay them all out here for "The Five," because you know, they watch "The Five." All of them.

GUILFOYLE: They're probably watching right now, so --

BAIER: All the candidates, republicans and democrats.

GUILFOYLE: Yeah, respectfully decline to stay.

PERINO: Hey, Bret, before we -- have Brian ask you a question, I just want to mention that apparently, this is breaking news that Michael Bloomberg, the former mayor of New York City has said that he will not run for president. So that is just breaking news, and I guess it would have been more news if he said he is going to run, but he is not going to run, I think as expected. So we're going to ask -- have Brian ask you the last question.

BAIER: That's probably good news for Secretary Clinton.

PERINO: Yeah.

BRIAN KILMEADE, GUEST CO-HOST: Right. So that was my question. So I'll pass -- kidding. So hey, Bret, it's the third time we spoke. We only speak on national television, that's our relationship, but there (inaudible) spoke today. But really quick, I love what the format is going to be, half hour and half hour, and you're only going to take five or six minutes up top, one on one. And then it's up to the audience to step up where you can follow up; interesting take on that. Where the both candidates OK with the way you approaching it?

BAIER: Yeah, they were fine. The campaigns have been really great to work with. They've been very -- there's a give and take as far as, you know, they like the setup, they like the format. I think they're comfortable in this town hall format. It does allow them to answer things a little bit longer, perhaps than the one minute with the moderator, the bell ringing without that happening. And, so no restrictions, the crowd here have some great questions that they'll be asking as many of them as we can fit in, in the 30-minutes for each candidate.

PERINO: Bret, one last question for you. We opened with a sound bite from Hillary Clinton last night, talking about the auto bailout and the tit for tat that he -- she and Bernie Sanders were having last night. But back checkers across the board do they saying that Hillary Clinton had that wrong last night. I imagine in Michigan, that's probably an important point to bring up?

BAIER: Well it is. And, you know, this is one of the troubles of running for president from the Senate, because you have to talk about some votes that are pretty convoluted when you get down to the weeds of voting for something, voting against something, voting for cloture and to explain that in a sound bite is a little difficult. But straightening that out is an important problem.

PERINO: All right. Thank you so much, Bret, we're all going to be watching. And we will -- I'm going to run upstairs and instead of going home, I think I'm going to watch, because I don't want to miss it.

GUILFOYLE: I think you should put your sensible shoes on and.

(LAUGHTER)

GUILFOYLE: . just boom, move it up to 17.

PERINO: The thing is --

KILMEADE: The popcorn.

PERINO: I do have sensible shoes, because I will try to walk home. But I -- every time I put them on, around Kimberly, I'm terribly embarrassed.

KILMEADE: Really?

PERINO: You get the same feeling?

KILMEADE: Well, no. My shoes that I commit to in the morning, I come in here fully dressed. I'm gonna look a little dashy. Eric, come walking in, I don't know about Juan, you wear something totally different.

(CROSSTALK)

(LAUGHTER)

BOLLING: Can I comment on something Bret said that I found was really, really interesting that there were groups that are -- because it's an open primary meeting, you can cross lines. If you were democrat, you can vote republican, vice versa. That there are the correlation was Bernie Sanders and Donald Trump, they're trying to figure that out, and Hillary Clinton and Marco Rubio, the same thing that's going on, on the right with the insider or outsider is going on, on the left; very fascinating.

GUILFOYLE: It's like algebra.

(LAUGHTER)

GUILFOYLE: Two mirror side of the equation.

KILMEADE: Yeah. Let's be honest, Michigan is not going to be close. If the polls are -- this is kind of -- this is a layup for Hillary Clinton. So she's ever going to do a town hall, the nomination is not in the balance, and the state is not up for grabs. It's hers. She --

PERINO: It's also interesting that because it's on Fox, a lot of our viewers were -- because they always want to watch "Special Report" and they haven't seen a democratic town hall to get one on this network, that -- I mean, a lot more people will be exposed to Bernie Sanders and Hillary Clinton than had been before.

GUILFOYLE: Just by sure I mean, for our viewers.

WILLIAMS: What do you mean republicans?

PERINO: Sure.

WILLIAMS: Yeah -- and by the way, it's not the case that just republicans watch Fox. I can tell you that --

KILMEADE: Right.

PERINO: But I would -- I wouldn't suggest that.

WILLIAMS: Right, but I'm just -- you know what's interesting to me is that when you look at this past weekend, Bernie Sanders had a pretty good weekend, right? I think he won three of the four contests.

KILMEADE: Yeah.

WILLIAMS: But he -- the one he lost, was the one with the big share of the delegates, Louisiana. So overall, now you're looking at like Sanders having won 8 of 19. But his nowhere near winning Michigan, as you are pointing out, Brian. And nowhere near having enough delegates to pose a significant challenge, even as we approach some of these states up north, where he thinks he has a better chance because there are fewer African-American voters. But --

PERINO: Can I? --

WILLIAMS: . in a state like Michigan, there are African-American voters and tremendous organizing by the unions, especially for the (inaudible) ones.

PERINO: Can I get Eric's take on something? So earlier today, Michael Moore tweeted that in Flint, Michigan there's been 84 years of democratic rule or something like that. And you know, the big -- one of the big arguments last night was the tragic situation with the water --

KILMEADE: Yeah.

PERINO: . in Flint, Michigan. But like Michael Moore is saying to people like, wake up. I mean, this wasn't necessarily a republican problem, this is a local governance problem and --

BOLLING: Yeah, how in the world can it be a republican because there's a republican governor? I mean, this is a city and local issue that they -- and by the way, there have been 40 or so years of democrats running Detroit and Flint, Michigan.

PERINO: Right.

BOLLING: Both cities. They made the decision to change the water supply from X water supply to Y water supply, without testing the water. And that was done at a local level. Sure, yes, the governor had to sign off on it.

(CROSSTALK)

WILLIAMS: I guaranteed. It's not the local.

BOLLING: No, no, but it's the local --

PERINO: So did Obama's EPA.

(CROSSTALK)

GUILFOYLE: Right.

BOLLING: The EPA, local EPA --

GUILFOYLE: It's true.

BOLLING: State EPA and a Federal EPA --

(CROSSTALK)

WILLIAMS: You are so guilty. You are rushing to try to escape responsibility.

BOLLING: wait, wait, is this Obama's problem?

GUILFOYLE: Oh my, gosh.

WILLIAMS: No -- Obama?

BOLLING: Why stop at governor? Why don't go straight it up.

WILLIAMS: The governor signed the deal.

GUILFOYLE: Are you sure, Dana?

(CROSSTALK)

WILLIAMS: The governor was constructing the whole deal, because try to lower the cost of water supplies to Flint.

(CROSSTALK)

PERINO: That my point was that.

GUILFOYLE: No, because --

BOLLING: On the local level, it's democrat.

GUILFOYLE: He doesn't understand shared responsibility.

BOLLING: . at the state level, its republican --

WILLIAMS: Look.

BOLLING: . and on the federal level, its democrat.

(CROSSTALK)

GUILFOYLE: Yeah, because what -- you're being honest about it.

WILLIAMS: You know what, if you want to make this case --

GUILFOYLE: No, Juan.

WILLIAMS: You know what would be better? Let's talk about schools which came up last night. Where I think both candidates were asked, what would you do about improving the quality of education? Hillary Clinton couldn't answer the question, because she refused to move away from the NEA and the AFT. And I think both candidates --

(CROSSTALK)

WILLIAMS: If you want to talk about poor quality of education, there's an issue where I think democrats have some culpability.

(CROSSTALK)

BOLLING: And how was that education different from water?

KILMEADE: When you bring up schools and you drop, kick it, and you don't bring it.

(CROSSTALK)

GUILFOYLE: Yeah, but the problem is Juan, we were just looking for little maturity at this table -- for once. And to say, how about some shared responsibility. Yes, there's --

WILLIAMS: No, you're a baby.

GUILFOYLE: The governor who is a republican --

WILLIAMS: You're trying to avoid responsibility. It is terrible.

(CROSSTALK)

GUILFOYLE: No. When at the local level, it's democrat. And higher up, its President Obama and his EPA.

(CROSSTALK)

GUILFOYLE: There you go.

BOLLING: You're trying to leapfrog a local municipality and a local decision, right to show the state and forget the federal level. Why don't you do the same -- apply the same to the education and do the water?

WILLIAMS: I'm not -- let me just say.

GUILFOYLE: Because it's unfavorable to your side.

WILLIAMS: If I sign my check to you, it's my check. The governor and the entire governor's administration have admitted. In fact, they were having trouble with e-mails. They didn't want to disclose. But they've admitted. They have some responsibility here. I don't think, by the way, in confession to you, I'll say this. When I hear Sanders and Clinton say, the governor has to resign. I think, you know what, you're playing politics. Let's fix this problem.

PERINO: Well, that's actually, the reason I brought that up was I thought it was interesting that Michael Moore said that he was pointing a finger at democrats, and I'm sure he would blame republicans too. That was great.

GUILFOYLE: Thank you for that --

PERINO: We got to go. Be sure to watch Bret's democratic presidential town hall with Hillary Clinton and Bernie Sanders on "Special Report," that's tonight, right after "The Five."

Coming up here, Donald Trump and Ted Cruz, score big Super Saturday victories. Is this now a two man race for the GOP nomination? We're going to discuss that when "The Five" returns.

(COMMERCIAL BREAK)

BOLLING: Well, it was a Super Saturday for both Donald Trump and Ted Cruz, the republican rivals, each claim two victories in their battle for the GOP nomination. Trump winning Louisiana and Kentucky, and Cruz, scoring Kansas and Maine with the latest wins under their belt. Trump is calling on Marco Rubio to drop out, so he can take on Ted Cruz, one on one.

(BEGIN VIDEO CLIP)

DONALD TRUMP, PRESIDENTIAL CANDIDATE: I think Marco, Marco Rubio had a very, very bad night. And personally, I would call for him to drop out of the race. I think it's time now that he drops out of the race. I really think so. I would love to take on Ted, one on one. That would be so much fun, because Ted can't win New York and he can't win New Jersey. He can't win Pennsylvania, he can't win California. I want Ted one on one.

(END VIDEO CLIP)

BOLLING: Well, meanwhile, Cruz suggests his victory show the race for the nomination is now a two-man race.

(BEGIN VIDEO CLIP)

TED CRUZ, PRESIDENTIAL CANDIDATE: If you want to beat Donald Trump, and I don't think Donald Trump is the right nominee to go up against Hillary Clinton. If you want to beat him, you got to beat him at the ballot box. And our campaign is the only campaign that is demonstrated we can do so over and over again.

(END VIDEO CLIP)

BOLLING: All right, KG. What do you say on that? Look, can I just do the numbers very quickly?

GUILFOYLE: Yes.

BOLLING: Again, it said, it should have happened if you want to unite behinds the non-Donald Trump.

GUILFOYLE: Sure.

BOLLING: You could never -- Trump has taken over Trump. It should have happened before Super Tuesday. You're getting really late in the game, we're done to --

GUILFOYLE: Party unity.

BOLLING: Tomorrow and one more week.

GUILFOYLE: Right.

BOLLING: And after that, if Trump wins Ohio and Florida, he's the only one who could has a patent. If he doesn't win one or both of them, then it looks like it's going to a brokered --

GUILFOYLE: You don't need common core math to figure that out --

(CROSSTALK)

GUILFOYLE: Yeah. It seems that pretty obvious, but if you're kind of in it for yourself, you're not going to (inaudible) take a knee and say, all right, it's all you. People aren't going to concede that yet. But yeah, when you look at it, I mean, you cannot deny the results from this weekend, the only other person that has a possible past is Ted. And as Donald said, which I think is a good strategy. He's like, I want Ted one on one, right? If he asked me, if I want Ted one on one, I'll said, I pass; that Trump can have him.

BOLLING: Juan, I'm trying -- I'm doing the math again here. And I don't know why Donald Trump is saying, get Rubio out now. It seems to me that he may want them to stay in, because that ensures -- Rubio doesn't win Florida, and Ted probably won't win Ohio, he's going to have the most delegate states in votes.

(CROSSTALK)

WILLIAMS: Yeah, but I think like you're, you know, running the campaign for Donald Trump. The key is, first, Florida, right?

BOLLING: Yup.

WILLIAMS: And what you want to do there is not -- is to win easily, and that means get Rubio out. He does not see Cruz as a threat in Florida. He sees Rubio, Rubio obviously being the senator from Florida, having been part of the state legislature, has some organization might there. There's the potential for a Jeb Bush endorsement that could play one way or the other, we don't know. I know that obviously --

BOLLING: He can never get there now.

WILLIAMS: I don't know.

BOLLING: Even if he wins Florida, he can't get there anymore.

WILLIAMS: Well, no, no. But my point to you was that Trump doesn't want to risk -- he wants to win Florida, and that makes it easier for him.

BOLLING: Can we talk a little bit about Ted Cruz making a play in Florida. There we heard he's opening up 10 offices, he's going to spend a lot of money in Florida.

GUILFOYLE: Yeah.

BOLLING: If he really wants to do this one on one, maybe he doesn't want that to happen.

PERINO: I think there are few things going on. Juan, I don't think that if -- I don't think Trump is really serious about wanting Marco Rubio to drop out, because if he were, I don't think he would have said that publicly. I think he would have tried to work something behind the scenes to try to make that happen. For Ted Cruz, he is over-performed his numbers in almost all these contests. But what he didn't say is that, yes, while Trump won those two states, Cruz came close, closer than anybody thought he would, and Trump didn't do as well in the state as the polling had to suggest; which is the pattern that has been the case. So yes, Trump is on the hook to try to really win Florida big. But don't forget, John Kasich, OK? So we were just talking about Michigan earlier, I'm not saying he's going to win Florida, but you know, he could come in second in Michigan, he could -- he had a rally with -- if we're caring about --

GUILFOYLE: Arnold -- yeah.

PERINO: . endorsements. Arnold Schwarzenegger rally in Ohio, it was this like big high poured event.

GUILFOYLE: Very good.

PERINO: And then Rubio had this great day on Sunday in Puerto Rico. Again, I agreed you on the numbers like you can do that --

(CROSSTALK)

PERINO: But I also, I would say that what Ted Cruz is making these late plays because one of the things you saw in the exit polls of those last four contest is, late deciders went for Ted Cruz, after that Fox debate.

(CROSSTALK)

BOLLING: So but what he end up happening, what ends up happening, Brian is the -- let's put it, let's call it the establishment class has to make a decision. Do they not want Donald Trump so much, that they're going to have to get behind Ted Cruz to make sure Donald Trump is the one and it's that any better?

KILMEADE: Right. I thought Lindsey Graham was perfect symbolic for that, because he does not like Ted Cruz, but he likes him, he likes -- he dislikes Trump more. And I guess it reflects Senator John McCain. What's interesting, it's going to be a last stand for Marco Rubio, no doubt about. He's spending his money in there. He's already ticked up six points notice last poll I saw, and the most important thing is he's going to come on my radio show tomorrow, but let those takes. But here's the other thing that's important, he's not going anywhere after Florida, but if he can get Florida and 99 delegates, and Kasich takes Ohio --

BOLLING: And then what?

KILMEADE: It is winner take all.

BOLLING: Then what?

KILMEADE: You stop Trump -- this is the attitude --

(CROSSTALK)

KILMEADE: We're not brokered, a contested.

BOLLING: Same thing.

KILMEADE: You go -- if you keep from 1200.

BOLLING: Same thing.

KILMEADE: . it's playing by the rules.

BOLLING: Same thing, though. Tell me, you play by the rules.

(CROSSTALK)

BOLLING: But then what happens. Let's say Donald Trump gets 1159 delegates?

(CROSSTALK)

KILMEADE: If that's that close, and it should be Trump's.

WILLIAMS: Yeah, and so --

BOLLING: Should be, but the rule says no.

(CROSSTALK)

WILLIAMS: The minute he gets anywhere, 35, 40 north of that, I just -- you know, is it going to be impossible for what you call the republican establishment. But let me just tell you, right now, they're pouring serious money into advertising --

(CROSSTALK)

BOLLING: Can I tell you --

WILLIAMS: For Cruz to stop.

BOLLING: What the most important thing here is, if Donald Trump doesn't win Ohio and Florida, OK? There's a very good chance this thing goes to a contested convention.

GUILFOYLE: Yeah.

BOLLING: Trump's people, and all of the candidate's people, better be getting up with the RNC, because there's a rules committee.

(CROSSTALK)

BOLLING: The rules committee will play everything at the convention. They are going to make the rules.

KILMEADE: Right.

BOLLING: . prior to the convention that is going to apply at the convention. So every single one of them better be represented, know what they're getting into now because it's going to be huge --

PERINO: I think it's worth saying that Marco Rubio, if you look at the ads in TV -- accounts that he's had so far, it's like -- I think with the number was 5 to 1 that they're going in favor of him. So if you hadn't already decided on Trump and you are an early decider, you voted on Rubio, Rubio was winning at least that section of voters in Florida.

KILMEADE: All right, I guess we're going to talk more about this the next block?

BOLLING: OK.

KILMEADE: Let's get more information --

GUILFOYLE: Yeah --

BOLLING: Up next, a warning from Rush Limbaugh about what would happen if the republican establishment uses a brokered or contested convention to derail Donald Trump, details when we return.

(COMMERCIAL BREAK)

GUILFOYLE: My song chant. But there's lots of talk about the potential for a brokered convention. Should none of the candidates win a majority of delegates needed to clinch the republican nomination? This, as the so- called stop Trump forces are reportedly pouring millions of dollars into attack ads airing in big states, voting a week from tomorrow, particularly Florida. GOP candidate John Kasich sees a contested convention in a positive light.

(BEGIN VIDEO CLIP)

JOHN KASICH, PRESIDENTIAL CANDIDATE: No one's going to have the numbers. What you are talking about? It would -- I would have to win 68 percent of the remaining contests, OK, 68 percent of the remaining candidates. Marco would have to win like 64. Ted would have to win like 60. Donald Trump is going to fall short. If he doesn't have the right numbers, then we're in a multi-ballot convention. What's the big deal about that, other than it's exciting.

(END VIDEO CLIP)

GUILFOYLE: A lot of people loving that man right now, by the way. Meanwhile, Ted Cruz slams a buzz about a potential brokered convention, suggesting a different strategy for beating the GOP front-runner.

(BEGIN VIDEO CLIP)

CRUZ: Any time you hear people talking about a brokered convention. I think that is the fevered talk of the Washington establishment. There's a bunch of Washington deal makers try to step in a brokered convention and steal the nomination, I think we will have a manifest uprising tonight.

(END VIDEO CLIP)

GUILFOYLE: All right. So apparently, Senator Ted Cruz is not feeling well, and I know Marco Rubio is very sick the other night at the debate, you could hear it in his voice. So Bolling, you have a comment? You have some - -

BOLLING: No, I'm a John -- Kasich is great, and you're right, people like him now. But his math -- his math, it's not spot on. I'll tell you right now, there's a small chance Ted Cruz could find a nomination, and there's a medium to larger chance Donald Trump will. But a lot of things have to happen.

Look at the numbers. Ohio and Florida, depends where they go.

You know what's a problem? Is when Mitt Romney came out and said, "Hey, don't -- anyone but Trump. And never Trump. And the anti-Trump super PAC." What they're basically saying is get to a brokered convention, we'll have you contested. It's the same thing. If the first ballot, if no one has the 1,237, and the first ballot doesn't get someone to 1,237 you have to negotiate; you contest it. You make deals. The problem is this is exactly what people don't want. The American people are voting for Donald Trump and Ted Cruz, because they're tired of brokered deals in Washington.

Washington is a brokered convention every day.

KILMEADE: There's no more deals. These are a coronation. We keep on debating every time we go to the convention, why are we going? It's just a big show. Now we have a reason to actually go, because these are the rules. It's like people complaining in a baseball game, "We outhit the other team. But they outscored us. It's not fair." It's tough.

BOLLING: How would you outscore everyone, and then you should win. Right?

KILMEADE: But not if there's a threshold. Not if you have to get to a threshold. The rules of this game say get to the threshold.

BOLLING: You're right. They can go ahead and bring in Mitt Romney as the -- a knight in shining armor and say, "This is going to be our candidate to go up against Hillary."

However, can you imagine what the people who voted all the 40 some -- 2 percent as of right now, percent of the GOP voted. Or if he had Ted Cruz in. Seventy percent of the voters voted for Ted Cruz or Donald Trump? And then you're going to you're going to bring -- haul someone else in? They'll go crazy.

WILLIAMS: You know what, gee, I think the Republican Party is having a civil war. I think that's what's going on right now, even before the convention. But as Brian was pointing out, those are the rules, so you have delegates who are locked in on the first vote. That's where they're committed.

But the rule is, once that happens, then you're free, and then you can start to look around, and you talk about the establishment. Remember, they see Trump as a threat to the Republican brand.

BOLLING: And Ted Cruz.

WILLIAMS: Yes.

BOLLING: They like Cruz.

GUILFOYLE: He used to be the guy they were most worried about.

BOLLING: If it goes to a contested convention and all this horse trading goes on with the establishment and Mitt Romney and RNC, do you think they're going to pick Ted Cruz as their guy?

WILLIAMS: No, but I -- no, no, no.

You know, some people like the idea of Trump more than Cruz, because they just can't deal with Cruz. But what I'm telling you is that when they get into this back and forth, they fear that Trump right now would damage the Republican brand, because...

GUILFOYLE: Dana -- Boys, boys...

WILLIAMS: Out of control.

GUILFOYLE: Freeze yourselves for a second. Dana, I'm going to get you in, and then I want to hit this about Rush.

PERINO: OK. Well, I was just thinking that the world is not going to fall apart if there's a contested convention. It is not ideal. But there are rules, and it is set up this way, in case it happens on either side. And so it would be new, and unusual. It's never happened in my lifetime, so I don't know what it would look like.

So -- but you're right. Every time we go to conventions, it's like why do we have to go and spend all this money for at a convention for, like, just a bunch of campaign...

GUILFOYLE: Well, it's a lot of fun.

PERINO: If there was a political blender, and you could put these four candidates into the blender and mix them up and spit out a candidate that would be perfect, that would be great. But we don't have one yet.

GUILFOYLE: Kasich had a great debate.

KILMEADE: Real quick, if Donald Trump's great at deals -- and judging by his books, he is -- why not cut a deal? He should be looking ahead, among two months, and say, what am I going to take to get over 1,200, take it away from this big question mark? Cut the deal. Go in and cut the deal and get the 1,200.

GUILFOYLE: Can I tell you something too? Because we have some great sound here from Rush Limbaugh on this. Because the whole point is, they try and do this, and like do in Donald Trump, shut it down and have this contested and brokered convention. It's going to be very much what everyone was going against, which was, oh, deals that are cut in Washington, and now they're doing it, and it's exactly what his messaging has been, which has resonated well across the country. I don't think people are going to take to it too kindly, and neither does he, because in a rare TV appearance yesterday -- you might have seen it -- conservative commentator -- roll it, baby -- commentator Rush Limbaugh made a dire prediction on what might happen if the GOP tries to snatch away the party nomination from Trump.

(BEGIN VIDEO CLIP)

RUSH LIMBAUGH, RADIO TALK SHOW HOST: I predict that if they can't stop Trump in the primary process, they will make an effort to stop him at the convention. I mean, Governor Romney has pretty much telegraphed it.

UNIDENTIFIED MALE: And what would happen if that...

LIMBAUGH: If that happens, there's a walkout. If that happens, then you've got utter chaos.

(END VIDEO CLIP)

BOLLING: I will go and just agree with Rush and add in Ted Cruz to that. Because Ted Cruz and Donald Trump right now are getting 70 percent of the GOP vote. If one of those two aren't the nominee that comes out of a contested convention, there's -- all hell will break loose, and there's no credibility left.

PERINO: But they both -- but both of them also could come out the winner in a contested convention, as well.

BOLLING: Of course.

PERINO: I mean, we don't know what's going to happen.

BOLLING: I said it before, the reason why Donald Trump and Ted Cruz are resonating is because everyone perceives as a brokered convention every day.

WILLIAMS: Let me just say, if you are what you guys consider to be the brokered establishment, think for a second. You're interested in maintaining the Senate. You're interested in maintaining the House and state votes. And if you see Trump at the top of the ticket as a drag that would condemn the party, you're thinking, "You know, I'm looking out for the best..."

KILMEADE: What I'll tell you, Juan, is Donald Trump has had an answer to every critic, every step of the way. Maybe he's got another game to play. Maybe we saw the beginning of Super Tuesday, the post-game show. That was the beginning of the move to the middle, a beginning of the solicitation of Paul Ryan, the beginning of maybe some type of move there. Maybe there is another -- another card to play.

GUILFOYLE: But also the whole point is, because of the record turnout, and so many people getting involved and participating in this, it's actually increasing. What they've always wanted to do is grow the Republican Party to be able to survive and move forward and attract, yes, minorities and other voters that, essentially, were always just like in the House of the Democrats and now perhaps move them over here.

BOLLING: Perhaps.

PERINO: Not if you have drop-off so extensively on the other side. It is a mess. I'm not -- there's no doubt about it, but it's not that easy just to grow the party in that way.

GUILFOYLE: We'll see what happens. Very exciting. That's why we're going to be working one million hours, including a live show. Like, tomorrow night at midnight, blah, blah, blah. Then we're going to see what the dark knight Cruz does. But don't forget, dark knight, give Gotham some love.

Up next, remembering former first lady, Nancy Reagan, who passed aware yesterday. Our tribute to the wife of our 40th president when "The Five" returns. Stay with us.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

RONALD REAGAN, FORMER PRESIDENT OF THE UNITED STATES: She has helped so many of our young people to say no to drugs. Nancy, so much credit belongs to you. And I want to express to you your husband's pride, and your country's thanks.

(END VIDEO CLIP)

WILLIAMS: America is mourning the loss of former first lady Nancy Reagan. She passed away yesterday at age 94 of congestive heart failure at her home in Los Angeles. Mrs. Reagan will lie in repose at the Ronald Reagan Presidential Library in Simi Valley, California, on Wednesday and Thursday. She'll be buried next to her husband on Friday.

This morning, Ron Reagan reflected on the influential role his mom played in father's life and presidency.

(BEGIN VIDEO CLIP)

RON REAGAN, SON OF NANCY & RONALD REAGAN (via phone): She loved her husband more than anything in the world. And I think that you can make the case that the Ronald Reagan that we all came to know as president would not have existed without Nancy Reagan. And I think that she knew how to love somebody, that would be -- you know, and you could do a lot worse than that in life. That's what I think of, when I think of my mother, I think of her relationship with her husband.

(END VIDEO CLIP)

WILLIAMS: My goodness, 52 years of marriage. Ronald Reagan and Nancy Reagan. And Dana, you've been in the White House. You know how these relationships work between a husband who's in a position of power like that, and a wife. How do you look back on Nancy Reagan?

PERINO: Well, of course, very fondly. And one of the first things I thought of was that -- just a little bit of a sense of relief that they were reunited. Because there was such a strong love.

She in her own right had a big impact on my life. And I actually got a chance to tell her that once. Because her "Just Say No" campaign, which was just say no to drugs campaign, I was, you know, 8 years old or something when that sort of started. But it had a big impact on me.

And that ad that was part of her doing, that this is your -- it was an egg frying in a pan. This is your brain. This is your brain on drugs. It really spoke to me. And I never tried drugs. And I really have to say, I mean, without her doing that, I mean, my life could have turned out differently, as a lot of other people.

Now, some people think it wasn't a great program. For me personally, it was really wonderful. I would also say that I always admired their relationship so much, and that it wasn't a true partnership. It wasn't just that -- a woman standing behind her man, was they relied on each other. They didn't like being apart.

And in my own relationship, if I could say, like what would be one way that I would like to make sure my husband knows that I love him as much as she loved him, and that was a great role model for me growing up. And I used to think that my grandparents on the ranch had a very similar relationship.

And anyway, she will be very -- very much missed by everybody.

WILLIAMS: You know what I'm reminded of, is -- as you were talking is that The New York Times once described her as changing the position of -- the role of first lady much more from the advocate on the outside to someone who was a power player on the inside, an associate president.

And Kimberly, I think a lot of people remember her also as extremely stylish. Remember, she had a career as a movie actress, and then people were, like -- they were critical about the fact that she would look at him with such an admiring glance. And she ordered new china for the White House. But in fact, ultimately, I think she was a very smart and good counselor to the president.

GUILFOYLE: I think she was, you know, a patriot, a beloved first lady, a person of consequence. I admired her devotion to her husband, her steadfast loyalty, her commitment to the country. And like Dana, just one of the other things we have in common. That ad and that whole campaign had a big impact on my life, as well. Never did drugs, never wanted to, you know, ever since then, for sure.

You know, she was somebody that I tried to model myself after when I was first lady of San Francisco. Being very supportive, and we have your differences, but nevertheless, you support, you know, your husband. You're there for the person that you're with. You're part of a team. And I think she really did that, and she did it with consequence to help him to be able to be the man that he was, the incredible president and the world leader that is still revered today that everybody wants to be just like.

WILLIAMS: Eric, you know, at the end she even stuck by her man when Alzheimer's struck.

BOLLING: The most striking thing about the two of them was the love affair going back and forth. It's been well-noted all throughout the day, the love letters that Ronald Reagan sent to his life. "I miss you when you leave the room." Very, very heartfelt.

Jon Meacham, the presidential historian, talks about how when he met Nancy Davis, that's when he got his life together. He was a wanderer, thinking of movies and what-not. When he met her, she grounded him. Governor on to president.

But can I just point this out: I don't want to put a negative spin on this, but The Washington Post obit yesterday was despicable.

WILLIAMS: What happened?

BOLLING: They talked about her, but then they talked about -- they brought out some negatives about the way she dressed and about her just say no program, in a negative light on the day that she passes. It's absolutely awful. Again, let's move on, but it's just -- it's noteworthy.

WILLIAMS: Brian, you know, what struck me again is that she was one of the most admired women in America from 1981 through 1989. In fact, I think she finished first for three years.

KILMEADE: And I watched her interviews. The fact that she thought about every answer, every question, the program, I thought was really great. I thought Michael Deaver put it best. Without Nancy Reagan, there would be no Governor Reagan or President Reagan.

GUILFOYLE: True.

BOLING: Let me just tell you quickly, for once I was in the White House press pool. Ronald Reagan gets that, and I'm watching. And he says to me, "You got any money?" I was like, OK. And we went in, and he bought a Valentine's Day card.

WILLIAMS: Directly ahead, Peyton Manning makes it official, hanging up his jersey for good. Details on the star quarterback's emotional decision ahead on "The Five."

(COMMERCIAL BREAK)

KILMEADE: End of the year for the Denver Broncos and for the NFL. Their star quarterback, Peyton Manning, to the surprise of few, has announced his retirement. This during an emotional press conference earlier today. The sheriff was his nickname. He reflected on his career, including a conversation he had with another legend, former Baltimore Colt, Johnny Unitas.

(BEGIN VIDEO CLIP)

PEYTON MANNING, QUARTERBACK, DENVER BRONCOS: He told me, Peyton, you stay at it. I'm pulling for you.

Well, I have stayed at it. I've stayed at it for 18 years. There's just something about 18 years. Eighteen is a good number, and today I've retired from pro-football. I fought a good fight. I finished my football race. And after 18 years, it's time. God bless all of you, and God bless football.

(END VIDEO CLIP)

KILMEADE: That was one of the best -- best speeches that really personifies his entire career. Because he was all about preparation, more than talent. He was about preparing. He covered teammates. He covered cities. He covered college. He covered Louisiana, Indianapolis, Tennessee and, of course, Denver. He talked about opponents. He talked about perspective. He quoted the Bible. But it wasn't gratuitous; it was all about humility. Never complimenting himself once, except to point the finger at himself for maybe -- maybe not good enough, except for hard work.

That's the one thing you can take from this guy. When you watch these guys play on Sunday, you can't understand their talent. It's another level, unless you're Eric Bolling. I'm being serious, because you did reach an extremely high level in sports. But the thing is, Eric, this guy had in perspective. You could learn a lot from him.

BOLLING: So Peyton Manning delivered his retirement speech the way he delivered his -- a game and his career. As you point out, prepared, in control, check down the defense and deliver a perfect spiral, a perfect touch. He struck the right tone today.

Great job. Congratulations on a wonderful career.

KILMEADE: Kimberly, you were getting emotional watching it.

GUILFOYLE: Yes, I was. And when I watched it today -- I mean, I love football; I love sports; I love people who give it all and know how to be part of a team. And this is a man who today, as much in his career, gave a master class of how to do it right.

And he hit the right note, and I hope, you know, everybody was watching that plays in professional sports today, to see someone like this, who is a man of character and integrity. And, obviously, unbelievable skill. As you pointed out, you know, humility despite the greatness that he's achieved.

BOLLING: He also talked about his kids, Juan.

WILLIAMS: Well, I just think it was wonderful. You know, the thing I'm struck by in his career is the neck injury, and he left Indianapolis, and I guess they've given up on him, and he goes on to Denver, and he wins another Super Bowl. That's incredible, because I think he's one of the few quarterbacks that's won a Super Bowl in two different cities.

KILMEADE: What has he meant to Denver, Dana? You know Denver.

PERINO: I was a kid growing up with John Elway, was the quarterback. And of course, he was a huge star, and then he was very close friends, I know, with Peyton Manning.

And all great American stories come to an end. And his whole story has not ended. But this chapter is, and I thought he ended it very well.

KILMEADE: I just want him to couch. Enough broadcasters, go coach. You're too good; you're too into it. We need the knowledge in the game.

We're going to come back with "One More Thing," unless you know something different.

(COMMERCIAL BREAK)

PERINO: It is time now for "One More Thing." I'm going to kick it off, because I read an article today that I wanted to recommend. It's been a while since I recommended something.

This is written by James Fallows, and it is in the "Atlantic Monthly" magazine. We're going to post it on our Facebook page, The Five slash whatever, FNC. It's called "How America is Putting Itself Back Together." Most people in the United States believe their country is going to you know where. But he says that we are wrong.

And he goes all across America, and he looks at a lot of mid-sized cities and says that there's just a lot of promise and some good things happening all across, like in Sioux Falls, South Dakota; Greenville, South Carolina; and other places. I'm not going to take up all the time talking about it. But I thought it was a really good article. And if you live in one of those places, you're going to want to read this.

Eric.

GUILFOYLE: Very helpful, Dana.

BOLLING: During the shows, the judgment in the Erin Andrews, $75 million lawsuit came down. Remember, she was suing a stalker, Michael David Barrett, and Marriott, and maybe a third. I'm not even sure about that, for 75 million.

The jury came back, national jury came back and awarded her $55 million.

WILLIAMS: Wow.

BOLLING: Twenty-eight million dollars, the responsibility by Michael David Barrett, the stalker. He's -- the judgment against him for 28 million. And $27 million for Marriott at Vanderbilt. So $55 million, ending, I guess, appeals, and also pending some other things, as well.

KILMEADE: Wow. Wow.

PERINO: That ought to teach the guys to do that.

Juan Williams.

WILLIAMS: Well, I had a busy family weekend. I've been traveling so much with politics in New York. So I start off by going to see my grandchildren, and here are pictures. Here's Regan, my daughter, with Pepper and Eli on Saturday morning.

PERINO: They look thrilled.

WILLIAMS: And here's breakfast food. As you can see, Pepper and Wesley with a strawberry in her mouth. Oh, my goodness.

GUILFOYLE: So cute.

WILLIAMS; But then it was off to the jewelers, because my son Tony, Antonio, and his fiancee, Erica, got their rings on Saturday. There are their fingers. And here they are standing with the jeweler, Quest Jewelers, in Virginia. Congratulations. They're going to get married the end of May.

PERINO: Congratulations on that happy family weekend.

K.G., what about you?

GUILFOYLE: That is very sweet.

I have something to delight you. Roll it.

(BEGIN VIDEO CLIP)

GRAPHIC: Kimberly's Royal News

(END VIDEO CLIP)

GUILFOYLE: Indeed. It's what I've always wanted, "Kimberly's Royal News." And in the cutest family photo of the day, I was going to say ever. But they have their first family ski holiday. Look how cute this photo is, and it's so nice of them to share it. The duke and duchess of Cambridge gave this gift to the whole world. It's a family vacation in the French alps. I mean, does that not sound like a nice time to you, guys? So it's the first vacation as a family of four, and it's very nice. Looks like they had a nice time. You see Princess Charlotte as well in the little winter wonderland retreat.

PERINO: Fantastic.

GUILFOYLE: I'll be sure to be bringing you much more of this.

PERINO: All right. Brian.

KILMEADE: Well, we all know. Is this true?

We all know Jasper remains America's dog. But there's been co-dog's name, America's dogs. This just in. And I believe it's Rocky and Apollo. My dogs are now four months old. They've been named America's dogs.

PERINO: Funny you have to have them on a leash inside.

Wow. They look really well trained.

KILMEADE: They're four months old, and they're not listening to us at all.

PERINO: So cute. They're so cute.

Set your DVR so you never miss an episode of "The Five." That's it for us. "Special Report" is next with that special. Don't miss it.

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