Updated

This is a rush transcript from "The Five," May 26, 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, Eboni Williams, Eric Bolling and Greg Gutfeld. It's 5 o'clock in New York City and this is "The Five."

Donald Trump has done it. The billionaire businessman has won more than enough delegates to clinch the republican nomination for president. Some unbound delegates in North Dakota are now pledging their support to Trump and according to the "Associated Press," that puts Trump over the top with 1,238 delegates, one more than the total needed. Trump reacted to the big news in Bismarck this afternoon.

(BEGIN VIDEO CLIP)

DONALD TRUMP, PRESUMPTIVE REPUBLICAN PRESIDENTIAL NOMINEE: I'm so honored. I'm so honored to be in North Dakota and having -- I'm so honored by these people, they had such great sense.

UNIDENTIFIED MALE: What do you in those first 100 days? What's the first thing Donald Trump --

TRUMP: Well I have many things to do. Number one, I'll be unwinding various executive orders and I'll be unwinding executive orders in particular, having to do with the border, while people are pouring into our country. We're going to start rebuilding our military. We're going to make our military bigger, better, stronger than ever before. We're going to have; we're going to have a lot of fun that first 100 days. We're going to start the process of making America great again.

(END VIDEO CLIP)

PERINO: So congratulations to him. But on the democratic side, the race is anything but over. A new poll has rivals Hillary Clinton and Bernie Sanders in a dead heat in California. Less than two weeks away from the critical June 7th primary there. Let's first, Eric, let me give you the Florida comment on Donald Trump passing that 1,237 mark.

ERIC BOLLING, CO-HOST: Well done. Well done. So Donald -- I said Donald Trump --

KIMBERLY GUILFOYLE, CO-HOST: And Bolling, you called it.

BOLLING: Yeah, it was, it was a long, hard battle last 10 months or so. I took a lot of heat for it. But -- so he, when he declared he was running for president, he came down the escalator and there was that press conference and there was that swell. It just, it just felt to me like he was tapping into something that America was ready for. Not that he was going to be the greatest politician in the world. The fact that he wasn't going to be the greatest politician in the world, he was tapping into it. People called me crazy. I don't really see, I thought he was going to be nominee. I didn't see him beating Hillary at that point. What's gone on over the last month or so, with all the problems that she has and all the way she's reacting to all, you know, the scandals, the e-mail stuff, having a hard time with Bernie Sanders, it feels to me now that he has a very, very strong possibility of beating Hillary Clinton. I never saw that before. I think that's going to be the case. Will he pivot? I hope he doesn't pivot. A lot of people are saying now that he's got the nomination you -- you know, you pivot towards the center for the general election. I hope he doesn't. I think what has worked for him straight through will work for him unusually in the general whereas most politicians would have to get to the center. I think he's going to spur some sort of interest from the far right, from the center right and also from democrats and independents.

PERINO: All right. Kimberly, want to comment on it?

GUILFOYLE: Yeah. I mean, I think, look, this is the days that some people say would come, some people still say, you know, never Trump. But you know, I say never Hillary Clinton.

BOLLING: Yeah.

GUILFOYLE: You know. So take back the oval, it's about time and start getting down to business. I'm excited about rebuilding the military, destroying ISIS, I'd actually put that first right there. And you know with the strong military and undoing these executive orders, this, you know, choking regulations that the Obama administration has put forward that strangle businesses. So I think he's on to a tremendous groundswell of support. That people really feel like it's time for real change. Not the fake one that, you know, Obama changed, fundamentally changed America, but to restore this country to, you know, the great country that we all, you know, know and love.

PERINO: We've got a lot to get to. So we have two Californians at the table. I'll start with you, since you have not spoken yet. Hillary and Bernie are in a dead heat in California. You know the state, you and Kimberly do. Do you think that is -- is that a surprise to you? That a socialist is tied with Hillary Clinton?

GREG GUTFELD, CO-HOST: It doesn't surprise me. It depresses me. This is a horrible thing. Again, I go back to that simple fact, the left are amazing at selling bad ideas and the right is terrible at selling great ideas. The fact that we even have a socialist as a senator is a stain. It's like the Vatican inviting a Satanist into -- that's what it is. You are the greatest capitalist free market system in the history of the world and you've got a socialist who despises capitalism. Who may get the nomination because, because Hillary is so wounded. You know what's interesting about the Hillary/Trump thing, too, is when you -- the Clinton camp was ecstatic over the idea of facing Trump. She was the strong candidate. He was the weak one. But now she's melting like a snickers bar in the sun and he's ascending like an orange souffle. And the Democratic Party, I honestly think the Democratic Party is pushing Sanders and putting, I'm sorry, pushing the e-mail scandal to get Hillary out and get somebody else in.

BOLLING: Will they get Sanders or they get Joe Biden?

GUTFELD: No, I mean Biden.

BOLLING: Because it's a risk is to the republicans ...

GUILFOYLE: They're going to get Biden.

GUTFELD: Yeah.

BOLLING: ... is getting Biden, not Sanders.

GUTFELD: Yes. That's I agree. I agree.

BOLLING: Yeah, Sanders --

GUTFELD: I think it's more for Biden than anything, but it's like, remember, we talked about the e-mail scandal forever.

PERINO: You're not usually a conspiracy theorist, but --

GUTFELD: Who told you to say that?

(LAUGHTER)

GUTFELD: Who's behind you?

PERINO: Don't be paranoid.

(CROSSTALK)

GUTFELD: All right.

PERINO: Eboni, let's get you in here about --

GUTFELD: Is this being recorded?

PERINO: It is being recorded.

EBONI WILLIAMS, FOX NEWS CONTRIBUTOR: Yeah.

PERINO: It's actually live.

GUTFELD: Is it this live?

PERINO: Yes.

GUTFELD: Right.

PERINO: It's real.

GUTFELD: I've got to go.

PERINO: Eboni, do you --

GUILFOYLE: Your medicine.

PERINO: Do you think it matters if Hillary Clinton -- it might not matter numbers-wise as Eric said numbers that delegate-wise she would get the nomination. But how damaging would it be for Hillary Clinton if she actually loses California?

WILLIAMS: Oh, incredibly damaging, right, because this further the narrative that she is being rejected. It's a real basic argument that the dems, even her base, her party is rejecting her. Here's what Donald Trump is doing, though, in plain sight, and this isn't even rocket science this is an easy one that he's doing. He is speaking directly to disgruntled Bernie Sanders supporters. He is already, he's got the magic numbers, he is moving on to this general election and he's speaking to them. He's engaging Bernie Sanders supporters, and he did it the other night, New Mexico. And I think it's a very, very serious problem that Hillary Clinton hasn't even really to me focused on endearing those Bernie supporters to her. Because yes, mathematically, she will be the nominee barring an indictment or something crazy like that. But she's not tapping into those supporters on the left that are not convinced as of right now to support her. And she's allowing Donald Trump to tap in there and get an argument out there.

PERINO: Well, that's a good segue --

GUTFELD: Go ahead.

PERINO: But I was going to go on to the next thing, which I think you want to talk about as well, because you've been talking that ...

GUTFELD: All right. Sure, why not.

PERINO: ... there's not going to be a Hillary versus Bernie debate here at Fox News or anywhere. It's not happening, but what about Trump versus Sanders? Both candidates say they're open to the idea. Listen to this.

(BEGIN VIDEO CLIP)

TRUMP: I would love to debate Bernie, he's a dream. And I love to debate him, but I want a lot of money to be put up for charity. I think we get very high ratings, it should in a big arena somewhere, and we could have a lot of fun with it.

BERNIE SANDERS, PRESIDENTIAL CANDIDATE: Donald Trump has agreed to debate me. And I look forward to that, because I think --

(APPLAUSE)

SANDERS: Hillary Clinton has not agreed to debate me here in California. So I look forward to debating Mr. Trump on that, because I think it's important that somebody hold him to task for his outrageously bigoted remarks.

(END VIDEO CLIP)

PERINO: OK. I don't know if this debate is happening or not, because it was on and off again. Does anybody here know for sure?

BOLLING: I know for sure it would be foolish for Donald Trump to actually engage in this debate. There's no upside. But he likes to, he loves the challenge. So if someone challenges him --

GUILFOYLE: Upraising the state.

BOLLING: He goes for it.

WILLIAMS: Yeah.

BOLLING: But as Hillary had nothing to gain by debating Bernie Sanders nor does Donald Trump. He's not going to be the nominee. This will only open up or expose --

GUTFELD: If they only --

BOLLING: And Bernie could say something. Bernie could get something out there that helps Hillary. This is a highly advised, if I was right, I'd say, this is -- there's a no-win.

GUTFELD: It only, it only would help Bernie by sidelining Hillary. It's almost like Hillary is the person who waits in the car while the other two people go to see the movie. She's a completely -- it just makes her look like the third party that should go home.

WILLIAMS: I actually disagree. I think this is an opportunity for Trump to get in front of again, lot of disgruntled Bernie supporters, and not put his foot in his mouth, but instead say, look, it's me. It's Bernie, we're different, but we're both outsiders, we're both candidates, there are not be establishment. And I do think they have some commonalities around that.

GUTFELD: No. They agree on a lot of things.

WILLIAMS: Yeah.

GUTFELD: But that's why, why not be much betrayed?

GUILFOYLE: Well, he wants to post some of his supporters, but ultimately, just to tag back on this thing. If Hillary Clinton were to get indicted, where actually justice would prevail and in a timely fashion, then what's going to happen? Biden. What's going to happen? Perhaps Bernie who doesn't seem like he wants to go anywhere, he's hanging out, could be very frustrated if he didn't get the nomination and runs third party. I mean, we're talking about --

PERINO: I think they'll be -- I think they would put up Elizabeth Warren.

WILLIAMS: I think they put up Biden with Warren.

GUILFOYLE: Like Biden with Warren.

PERINO: Maybe is he.

WILLIAMS: Biden/Warren.

PERINO: So I think this is actually bad for Bernie. Well, Bernie maybe doesn't care, but he couldn't even call himself a democrat until last year. He called himself an independent. I mean what a disservice to democrats across the country to basically sideline, someone who is going to be the nominee. I mean, the show has gone on for so long. I agree it would be wonderful debate, terrific television, but from his standpoint and from the democrats, I wouldn't blame the DNC for being mad about this.

WILLIAMS: I think that's the problem, right, Dana? I think the DNC is running into a branding problem because many people that support Bernie feel like the DNC is already so far against Bernie Sanders. And you're right. He's not really a member of that party. He has no best interests of the Democratic Party at his disposal, but to --

GUTFELD: Wait a minute, republican nominee ...

WILLIAMS: Yeah.

GUTFELD: ... just destroyed the Republican Party. And we've been saying how great that is, right?

PERINO: Because --

WILLIAMS: Because it worked out that way.

GUTFELD: Yeah.

WILLIAMS: I think the difference is Hillary is the Democratic Party's nominee, if you will.

GUTFELD: Yeah.

WILLIAMS: And a lot of people that support Bernie don't like that about her.

BOLLING: What's in it for Donald Trump? What is the upside for -- there is no upside. He's going --

PERINO: He's gonna get a redo on the charity contributions.

(LAUGHTER)

BOLLING: The what?

PERINO: On the charitable contributions on the stunt like that. Make sure that's all real smooth and ...

WILLIAMS: Well, is that's fair?

PERINO: ... doesn't have many problems like the (inaudible).

BOLLING: That just heard that five of the six million was already handed out, alleged -- whatever. To make a long story short, the guy's got the nomination locked up. He is basically spending the next -- I don't know what is this, five months or so?

GUILFOYLE: Yeah.

BOLLING: Just going right at ...

GUILFOYLE: But you know what?

BOLLING: ... the general election.

GUILFOYLE: It shows that he's not somebody like, you know --

BOLLING: It's a huge win for Bernie ...

GUILFOYLE: Ducking and covering like Hillary.

BOLLING: ... didn't (inaudible) Donald Trump into that fight.

WILLIAMS: Yeah.

BOLLING: He is punching up, right?

WILLIAMS: Yes.

GUILFOYLE: You know what? He's good at debates.

BOLLING: So?

GUILFOYLE: Trump.

BOLLING: And so as Bernie.

GUTFELD: Yeah, Bernie --

WILLIAMS: And also --

GUTFELD: I think it would be a good --

WILLIAMS: I don't think --

BOLLING: Yeah.

GUTFELD: I would be a good debate.

GUILFOYLE: I'm telling you, I think it would be --

(CROSSTALK)

GUILFOYLE: Hillary looks like she wants to be a commander-in-chief. She can't even show up to debate somebody.

GUTFELD: She --

WILLIAMS: Exactly.

GUILFOYLE: I think it's pathetic.

GUTFELD: He will do better against Trump than Hillary will. Hillary will have problems.

BOLLING: Yeah.

WILLIAMS: I agree. And I think that she would be so upset to be sidelined like that. Maybe, you know --

GUILFOYLE: It will look really bad.

WILLIAMS: It will look bad.

GUILFOYLE: And he'll be in trouble.

PERINO: It's difficult for her to get media attention, anyway. If this were to happen, it was basically, as you're saying.

WILLIAMS: She's been overshadowed --

GUTFELD: What about Gary Johnson?

WILLIAMS: Off-stage.

GUTFELD: Why, when is Gary Johnson gonna be -- he's getting 10 percent.

PERINO: Yes, that's true.

GUTFELD: Yeah.

PERINO: All right, coming up. First it was the blistering report, now the fallout, Hillary Clinton and her camp brushing off the inspector general's scorching report on her e-mail scandal. Could this cost her, the presidency? More on that when "The Five" returns.

(COMMERCIAL BREAK)

GUILFOYLE: Greg. Hillary Clinton is brushing off a case and report by the State Department inspector general saying she violated agency rules by using a private e-mail server.

(BEGIN VIDEO CLIP)

HILLARY CLINTON, PRESIDENTIAL CANDIDATE: Nothing has changed, it's the same story. It's not an issue that is going to affect either the campaign or my presidency.

(END VIDEO CLIP)

GUILFOYLE: No, no, no. Clinton's campaign spokesman is attempting to do damage control, but it's not working out too well. Now watch Brian Fallon get grilled by Bret Baier on "Special Report" last night.

(BEGIN VIDEO CLIP)

BRIAN FALLON, CLINTON CAMPAIGN PRESS SECRETARY: What the section of that report said today was that there was no evidence that this personal server of hers was ever breached successfully --

BRET BAIER, "SPECIAL REPORT" HOST: Hold on.

(CROSSTALK)

FALLON: There were attempted intrusions, but none of them were successful and that matches al the --

BAIER: Well, you don't know that. How do you know that?

FALLON: Well, there's been reporting out of the ongoing Justice Department review that they've looked at the logs, the security logs for that server and found no evidence of that --

BAIER: So this hacker, Guccifer, you don't buy that he got into the server?

FALLON: Actually, we don't. And there's no evidence to corroborate that.

BAIER: So, why --

(END VIDEO CLIP)

GUILFOYLE: I don't think that was a good moment, Dana.

PERINO: I would not want to be the spokesperson --

GUILFOYLE: Given a communication --

(LAUGHTER)

GUILFOYLE: Rating.

PERINO: Well, I mean, they're in really deep. Hillary Clinton has maintained for over a year that she did nothing wrong. The story has evolved. What happened yesterday was that the inspector general, which is the independent auditor of the State Department, came out with a report that was very scathing and said she did not follow the rules. She broke -- she was not in compliance with State Department policy. Here's what you need to remember about that, policy that the State Department are made in order to comply with the law. If you don't comply with the policy, you are therefore breaking the law.

GUILFOYLE: Correct.

PERINO: The other thing that was a surprise to me in that report was that the inspector general said there was no cooperation from Hillary Clinton or her senior aides. If you listen to Hillary Clinton's campaign over the past year, you would believe that they were fully cooperative, that they were being very helpful. That's not the case with the inspector general, the department over which she was the leader. The last thing I would say on this is that "The New York Times" today did an analytic piece saying that her problems with this e-mail thing are so much bigger than they wanted to admit. A lot of democrats you'll talk to will be like, oh, this is so stupid. This is stupid. This is as dumb as Benghazi. But it's actually had a big effect, and this number of people who say they do not trust her. When they dig a little bit deeper, when pollsters say why? A lot of people are saying it's the e-mail issue that really bothers them. So I don't know how the campaign makes a pivot, because at this point this has made a big dent in her campaign numbers.

GUILFOYLE: And yeah. And that's got to be hit hard especially, you know, going against her. I think it's a tremendous amount of ammunition. Eric, you think that this is a big problem for them? That he went on, (inaudible) saying, oh, no, no. You know, this isn't an issue. There's no evidence in this. And Guccifer, in the meantime --

BOLLING: Right.

GUILFOYLE: Catherine Herridge was there, getting information. The guy saying how easy it was for all the international hackers to be able to get into her e-mail.

BOLLING: Yeah. You see, he (inaudible). It was easy, there was -- I think there's anything that's interesting, so he didn't do it too often. The problem --

GUILFOYLE: Yeah.

(LAUGHTER)

BOLLING: It may or may not -- yes, it's a problem that she lied about the server. It's a problem that she didn't ask for permission. It's a problem that she didn't use the State Department technology, people to make sure the server was secure. Her biggest problem politically is that she denied all of these things.

WILLIAMS: Right.

BOLLING: She said it wasn't happening and we find out now in hindsight that it was. And the other one, I'm not sure when this is going to become a really, really big issue, and maybe it will in the final general campaigns. The thousands of e-mails that she determined were irrelevant.

GUILFOYLE: Yeah.

BOLLING: Where are they?

GUILFOYLE: Right.

BOLLING: And how do we get them back? And if we do get them back, what do they say? I mean, it's just reach with scandal and corruption. I don't know how you want to elect a president who can do this.

GUILFOYLE: And --

BOLLING: Look at the American people and say ...

GUILFOYLE: Yeah.

BOLLING: ... I did nothing wrong and then you have a list of things she did wrong.

GUILFOYLE: Terrible. The rules don't apply to her. It's always the Clinton's way. And how about this, consciousness of guilt my fellow attorney, I mean deleting all of those e-mails. I mean that is one, there's a jury instruction on that. When you engage in behavior like that it shows consciousness of guilt, if they weren't bad if there wasn't something in there, then why did you delete it?

WILLIAMS: No, Kimberly, that's a really big problem for her, because even people that don't necessarily want to knee-jerk to her guilt around this issue, they've been become very curious, as to, if not guilt, then why delete them? So that's the big problem. Also this, I think the biggest problem for her right now around this e-mail issue is how long it's gone on. This has been 10 months of Hillary Clinton not getting in front of a political narrative. Not talking about her policies that she will implement to make America better or the middle class have relief or anything like that. This was 10 months of her on the ropes and playing defense around an opportunity that she really should be demonstrating leadership.

GUILFOYLE: I don't know. I think it's a big problem for her. It seems like it is getting worse, Greg.

GUTFELD: Oh, not at all.

GUILFOYLE: Like your stomach condition.

GUTFELD: Yes, that's so true. Her e-mails are like Bill's females, the more the story spreads, the more they try to make it look smaller. But the satin keeps growing.

GUILFOYLE: I'm OK.

GUTFELD: And we -- and by the way, she reminds me of --

GUILFOYLE: Oh my, God.

(CROSSTALK)

GUILFOYLE: We apologize to viewers.

GUTFELD: She reminds me of, do you ever watch "Cops?" She's like a suspect on "Cops" that is clumsily trying to climb a fence or hide under one of those --

(CROSSTALK)

GUTFELD: Or the overturned kiddie pool. She's crawling under it --but, and why?

GUILFOYLE: It's called felony stupid.

GUTFELD: So why is this growing -- we talked about this on the show for 10 months. And there was a period where we always had people going, nobody cares, nobody cares, nobody cares.

GUILFOYLE: Nobody cares, right.

GUTFELD: Now it's happening on the left, and on the left side. And I think ...

WILLIAMS: Yes.

GUTFELD: ... it's because they realize that she may get beaten like a bowl of eggs in November ...

WILLIAMS: Yes.

GUTFELD: And they're trying to figure out we better get --

WILLIAMS: How do we -- sometimes I think you're right, Greg. I mean people are now concerned on the left about saving themselves.

GUTFELD: Yes.

WILLIAMS: And they're not really prepared to sacrifice the entire party for Hillary Clinton. Also this last point, I really think for many people where there's smoke, there's fire. So if it's one person --

GUTFELD: Yeah.

WILLIAMS: OK.

GUILFOYLE: Right.

WILLIAMS: But this keeps coming. And to Dana's point, an independent now, also tagging along to the narrative, it's just not good.

GUILFOYLE: The State Department, even though CIG isn't supposed to be, you know, independent, but nevertheless there are people calling --

PERINO: So it's like guy, Bryan Pagliano, who was the I.T. person that --

GUILFOYLE: Yes.

PERINO: So the inspector, I'm sorry, the State Department had never had a political appointee in the office of the tech department. They are for, this guy, Pagliano is forced upon the I.T. Department by the political shop, by Hillary Clinton's team, that they had to hire him and he's in charge of dealing for the server. He goes, he gets immunity. Guess what? The State Department can't find any of his e-mails. So he was an employee of the State Department. Did he never once send an e-mail during the entire time he was employed there? I mean, that is very fishy.

(CROSSTALK)

WILLIAMS: And Sheryl Mills, also senior leadership from her department wanting, you know, to not have her stuff revealed, either, so the record.

BOLLING: Can I throw out just there very quickly? This afternoon, I'm watching one of the other networks, the far left network. And they were making excuses for this.

PERINO: Right.

BOLLING: They're saying the I.G. report is allowing her -- Kimberly, the world is allowing the right to make a lot out of this e-mail server issue. When there's basically saying there's nothing to see here, too. So they're compliant in her corrupt assessment of this.

GUILFOYLE: Yeah, (inaudible). All right, when we return, did Katie Couric try to silence guns supporters? Claims of deceptive editing in her new documentary, next on "The Five."

(COMMERCIAL BREAK)

BOLLING: The makers of a new Katie Couric documentary about gun violence are under fire. See what we did there, accused the deceptive editing. First watch clip from "Under the Gun."

(BEGIN VIDEO CLIP)

KATIE COURIC, TV JOURNALIST: If there are no background checks for gun purchasers, how do you prevent felons or terrorists from purchasing a gun?

(END VIDEO CLIP)

GUTFELD: Is that Donald Sutherland?

BOLLING: Not sure. Those Second Amendment supporters appear to be stumped by Couric's question, but in an audio recording of the full interview, you can hear they answered her question immediately.

(BEGIN VIDEO CLIP)

COURIC: If there are no background checks for gun purchasers, how do you prevent felons or terrorists from walking in to say a licensed gun dealer purchasing a gun?

UNIDENTIFIED MALE: One, if you're not in jail, you should still have your basic rights.

(END VIDEO CLIP)

BOLLING: While Couric and the director of "Under the Gun" are standing by the film, the director did say, quote, "I never intended to make anyone look bad, and I apologize if anyone felt that way." So Dana, you --

GUILFOYLE: Wow.

BOLLING: Pitched this story. It's a big story. Can I just tell viewers probably what happened? So you heard the audio, that's what really happened, and then they edited it so they asked the question on camera and then they cut to another point where it wasn't even that question --

PERINO: B- road.

BOLLING: Some B-road. It's going to be the B-road ... GUILFOYLE: Nine seconds of silence.

BOLLING: ... of silence, or just people sitting around. They may have been waiting for interview to start and they edited it as that was the question. So --

PERINO: Right.

BOLLING: Egregious? Yes.

(CROSSTALK)

PERINO: I do think it's very hard to accept her apology when she says, "I never meant to do that." In the same breath, like they're basically saying this was their artistic license, which they're allowed to do, right? But don't lie about it. It was meant to make them look stupid. Here's a lesson for you, if you're going to do an interview ...

GUILFOYLE: Yes.

PERINO: ... it's very easy on your phone ...

GUILFOYLE: To record it.

PERINO: ... record it as well. You can let them know that you're recording it as well, so thank goodness these people did that, because they probably needed that as insurance, because they didn't think that this was going to happen to them. I understand that Katie Couric says, "I stand by my editor. I would stand by a producer." I would suppose, but I hope that Yahoo, who employs her as the head of news ...

WILLIAMS: Yeah.

PERINO: ... can understand that. Last week, I flew to California, to have a meeting with Mark Zuckerberg at Facebook because he took so seriously the allegations that they were suppressing conservative news that they actually got on top of it. I think this is a very lame apology.

BOLLING: KG, there are calls for Katie Couric to be fired over this, but I just don't know why it's her. It's almost like if we were rolling a sound bite that the editors, our producers had cut, we didn't know how it was cut.

GUILFOYLE: Right. You know what it is, because she's --

BOLLING: Why would she be held liable for that?

GUILFOYLE: She's the iconic media figure and a journalist. I mean that's -- her whole career was based on was being a journalist. And yes, she's got the name I.D. like Oprah Winfrey. So when you put your name, your face, you know, your commitment to a project like this, it's very tough, because she's completely associated with it. Now that being the case, she says, "I stand by my editor and producer." I think she should have said, you know, I appreciate the work that they did, but you know, in retrospect, now I can see how that could be ...

PERINO: Right.

GUILFOYLE: ... deceiving or misleading. And that is not in any way what we intended to do and we should correct that.

BOLLING: So, well you can (inaudible). So it is still her fault because of her response to it?

PERINO: Well, I think, yeah, I do think that the response was lacking. And it obviously was meant to make these people look stupid. And they got caught.

BOLLING: Listen, there was an egregious edit.

GUTFELD: Yeah, and ...

BOLLING: And whoever the editor was.

GUTFELD: I love it when that -- we can't let them off the hook because we caught them. Think of all the times they never got caught, for the last 30 or 40 years. So we caught them, don't be nice to them. You know, if you believe that you're so strongly correct on gun control, why the need for deception? Because they know that the facts are against them. And when the facts are against you, and you think in your heart you're right, then that makes it OK to actually cheat and lie.

And any time you implement reason in a political debate, the left has to do this and they're surrounded by people in that production company who have shared the same assumptions that you do. And nobody thinks it's wrong because you feel right here.

GUILFOYLE: But also time to give quick point? Look what it says on that behind the screen behind you, Bolling. It says executive produced and narrated by Katie Couric. So she's got skin in this.

BOLLING: But is it a documentary or is it an opinion piece?

WILLIAMS: So that's really the issue, right, Eric. But you just must have read my mind here. Because that that documentary -- but here's the problem with documentaries behind you. Here's the problem with documentaries like this, though, right? They come up with a conclusion on the front end.

GUTFELD: Exactly.

WILLIAMS: And then what they do is they go out and shoot and make a script and they create a narrative around a preconceived conclusion. And what we end up with is an opinion piece.

BOLLING: No, you know, you get that "Rolling Stone" piece ...

WILLIAMS: Yeah, that's what I'm saying. So we have to be very careful for that and back why Katie Couric is so on the hook for it, I agree with K.G. here. Her credibility is on the line. She's a journalist. And we all know, all journalists, their credibility is their bread and their butter. They're only as good as their credibility.

BOLLING: But she fires the producer, executive director of news, right.

PERINO: But I don't know, wasn't it on Monday that we had a clip from Chris Matthews who was saying that people in the media are just totally out of touch with the rest of America? I mean, the liberal bias in the media is well known. They got caught. The tag line of this is "truth is the ultimate weapon" indeed.

GUTFELD: Yeah, bound her weapon is flowed. But, you know what, do you remember MSNBC when they went to a tea party rally and they found a tea partier with a gun and they filmed it so that you couldn't tell the race of the guy? So because of the narrative that they had was that here's another white, white right-wing gun-toting maniac at a tea party rally and it was an African-American guy. But they shot it so you couldn't see the face or anything. That's what they do.

PERINO: And then they're like, "Oh, sorry, I didn't mean to do that."

BOLLING: All right, yeah, it's hard to stand by that. It's pretty tough scale. But anyway, all right, up next, here's a question. When is the time to grow up and move out? A little surprising new study says more millennials seem to be in no hurry to leave their parents' home.

Details when The Five returns.

(COMMERCIAL BREAK)

GUTFELD: Here's a new fact courtesy of the folks at Pew, Kimberly: More young men -- just your type -- are living at home with their parents rather than living with their spouse at their own place. It's true: 35 percent of male Millennials live with mom and dad compared with 28 percent living with a wife or a partner that leaves another 37 percent living alone, probably with a cat.

Now, you could blame this on no job prospects, no desire to relocate or mom's meatloaf and this lifestyle does have pluses. Someone cooks and cleans for you. It's like marriage in the Victorian era. Those were the days. But are we really surprised by this?

This is the era of the pajama boy: Fully paid health care until 26; texting instead of talking; Twitter as your social life; video games as activity; pornography as your romantic contact. The world now comes to you, so why go anywhere?

The pursuit of happiness has now become the surrender to happiness. Ready gratification reduces the need for spouses and it's recursive. The more likely you stay unmarried, the more likely you aren't marriage material.

But maybe this extended stay is caused by something else: life. In the 1880s, most young adults lived with a spouse, but also died before hitting 40. So you had to get everything in, love, war, marriage, kids. Really long black beards. But now we live four decades longer, hence this longer stay at home phase.

Seriously, why go out when it's still so early? It's so much better to show up fashionably late even when it's to your own life.

So let's talk about the fact that we're living twice as long, Kimberly. Maybe it makes sense that you stay at home. And get to know your -- I lived with my mother when -- after I lost my first job. No, I quit my job. Then I moved in with my mom.

GUILFOYLE: Then you're fired twice.

GUTFELD: Then I was fired twice, three times.

GUILFOYLE: Three.

GUTFELD: And it was great. I got to know my mother again, it was awesome. How dare you insult my mother.

GUILFOYLE: No, I love your mother, are you kidding me? She's a special Red Eye correspondent, darling from the bay area.

GUTFELD: No but you think that it could just be, this is natural?

GUILFOYLE: I think it's fantastic. I want them to stay at home with their moms. So why going to try and move them with me, all right ...

GUTFELD: Would you date a man who lives at home?

PERINO: No.

GUILFOYLE: Take the fifth.

GUTFELD: That's the issue, right?

WILLIAMS: Not my issue, no. That's a no.

I was got to call it the way I see it, no. It's about reciprocity, if I'm an independent free-standing woman who's making a way for myself, I expect that in the partner. But I will say this, this is different way to look at us, looking at it Greg when you sent it out, maybe it's smart to stay at home a little longer, save money. Have a down payment for a home and go about your business. But at some point you have to make a move.

BOLLING: Eric it's ...

GUTFELD: But it's a good financial move, right?

BOLLING: For the kid.

GUTFELD: Yeah.

(CROSSTALK)

BOLLING: ... you're right, I'll be answering like (inaudible) given that episode going to college.

So I think you're right. I think it's living longer. But I also think its affluence. So around the turn of the century, the industrial revolution, people started to make more money, have more wealth and this is something that people can afford.

Back in the 1880s, 1900s, early -- you had to get the kid out there to work, to help support the family. That was just the reality of it.

GUTFELD: Farm girls.

BOLLING: And farming, too. Good point. In the farming era, we get the kid out and get them farming.

PERINO: What's a farm girl?

GUTFELD: She's a farm girl, she worked out of a farm, I think, right?

PERINO: Ranch.

GUTFELD: A ranch, same thing, animals and trees.

WILLIAMS: What's the difference?

GUTFELD: What's the difference between a ranch and a farm?

PERINO: No, I'm asking you. Do you know the difference between a ranch and farm?

GUTFELD: I watched the Waltons, once.

GUILFOYLE: I do. Crops and livestock.

(CROSSTALK)

PERINO: You know what, Tucker Carlson, our good friend. He has ...

GUTFELD: To you, maybe.

PERINO: Advice for those people ...

(CROSSTALK)

PERINO: He says just embrace adulthood, don't wait, like you should.

GUTFELD: He dropped out of college.

PERINO: He did drop out of college.

GUTFELD: He actually became an adult. Tucker became an adult too soon. He was wearing a bow tie at six, without a shirt.

PERINO: I also think this is reflective of the economy. The job market is a lot tougher for young people in the last eight years than in the previous couple of decades. And so I think this is a reflection of that. And also generation X parents, we were latchkey children, OK. And then we are determined that our children would not be like that. Even Jasper gets a baby sitter.

GUTFELD: Should we -- OK if your kid is living at home. Charge rent?

WILLIAMS: Absolutely.

GUTFELD: Chores?

WILLIAMS: When I moved back with my mother for about six months after law school, I paid for side bills. But you got skin in the game.

GUILFOYLE: Yeah.

GUTFELD: Yeah.

WILLIAMS: You know, that I really do believe that ...

PERINO: Does your mom do your laundry?

Yellow: Heck no. My mother does not do that.

(CROSSTALK)

GUILFOYLE: ... at work, you know, just leave the house. I mean, grandmother told me she's like, "Oh, you're not getting rid of me and I'm moving in with my wife." He's like, "I'm going to college in New York. I'm definitely not going to boarding school." He was like -- I mean but -- right? They have like a lot of families have vacation homes. Just like go to the circuit. Going family main home, go to the summer house.

PERINO: There is something about family togetherness that is nice.

GUTFELD: When I left "American Spectator" I drove back home and I lived with my mother while applying for jobs and I couldn't get a job. That's a surprise.

But I did a lot of freelance writing and I lived there and I mowed the lawn.

PERINO: Is that what they call it?

GUTFELD: What the heck are you talking about.

PERINO: I don't know what sort of freelance writing you did.

(CROSSTALK)

GUTFELD: I cooked, cleaned, it was quite an experience for everybody.

PERINO: What's your specialty, what did you make?

GUTFELD: I make a pretty good omelet. Yeah, you got to break a few eggs when you do that, metaphor.

All right, I'm teasing, you're stupid, I'm teasing you.

PERINO: You're short.

GUTFELD: He got me again.

All right, directly ahead, this is a tease, a first grader steals the show at the national spelling bee. He was later arrested. So how far did the youngest contestant go and what's his favorite word? Find out, it's next.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Bacteriolytic.

AKASH VUKOTI, 6-YEAR-OLD SPELLING WIZ KID: Bacteriolytic, B-A-C-T-E-R-I-A- L-Y-T-I-C. Bacterialytic.

UNIDENTIFIED MALE: Bacteriolytic, is spelled B-A-C-T-E-R-I-O-L-Y-T-I-C.

VUKOTI: Thank you Dr. Bailey (ph).

(END VIDEO CLIP)

WILLIAMS: My heart just broke. That was 6-year-old spelling wiz kid, Akash Vukoti. Wowing the crowd in round three of scripts national spelling bee, even though the firs, first grader in spelling bee history misspelled that word and won't be at the finals tonight, he's winning the hearts of Americans with his interesting word skills and of course cuteness. Take a look.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Do you have a favorite word?

VUKOTI: Yeah.

UNIDENTIFIED MALE: What is it?

VUKOTI: Pneumonoultramicroscopicsilicovolcanoconiosis.

UNIDENTIFIED MALE: Can you spell it for me?

VUKOTI: P-N-E-U-M-O-N-O-U-L-T-R-A-M-I-C-R-O-S-C-O-P-I-C-S-I-L-I-C-O-V-O- L-C-A-N-O-C-O-N-I-O-S-I-S. Pneumonoultramicroscopicsilicovolcanoconiosis.

(END VIDEO CLIP)

WILLIAMS: Oh my goodness. OK, Dana, you seem to be a good speller to me. Is this your thing?

PERINO: Well, I was never a speller like that. I did well on my spelling tests. But I feel like predictive texts and spell check has made things ...

BOLLING: I think this three minutes on air. Like we got three minutes in the spelling bee?

WILLIAMS: I never in a spelling bee. But I loved to have a spelling test.

GUILFOYLE: I love spelling bees and I used to win all the prizes and there was chocolates, delicious.

BOLLING: They give away chocolates for spelling bees?

GUILFOYLE: Well, they did in my school.

WILLIAMS: You have to incentivize.

(CROSSTALK)

PERINO: I think its fun that this is on ESPN.

WILLIAMS: It's a sport.

PERINO: Yeah, it was a sport.

GUTFELD: How do you spell that?

You know, why is it called a spelling bee? Does anybody know? Like a grammar fly or a mathematical locust? What's the deal? You don't know, do you? Maybe you should look that up, smarty-pants.

By the way, this kid is the only hope we have against artificial intelligence and robots. This kid's got to get involved right now, talk to Elon Musk, talk to Nick Bostrom, talk to Bill Gates, we've got to stop artificial intelligence. That kid is going to do it.

WILLIAMS: OK, right, Greg.

Jimmy Kimmel joined in the (inaudible) showcasing the surprise competitor also known as little Trump.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: The word is extraordinary.

UNIDENTIFIED MALE: Easy. Extraordinary, E-X-T-R-A-O-R-D-I-N-A-R-Y, extraordinary, as in, my spelling skills are extraordinary.

UNIDENTIFIED MALE: That is correct.

(END VIDEO CLIP)

WILLIAMS: This kid is amazing, Bolling, how is that for a Trump impression?

BOLLING: Amazing.

(CROSSTALK)

GUILFOYLE: Huge.

WILLIAMS: It was huge.

GUILFOYLE: We have one more minute?

WILLIAMS: Yes, one more.

GUTFELD: I can talk about this forever.

Spelling bees are amazing, because you get these kids involved in language. It's a wonderful thing. And it's a great competition, I did them all through, I mean I won so many spelling bees I got bored with winning them.

WILLIAMS: Oh, you've got to be more humble, Greg, more humble.

GUILFOYLE: I don't think so. I think we're going to have a contest, you and I and it's not going to go well for you.

GUTFELD: Yeah.

WILLIAMS: Well, I will applaud them for having some type of competition in school because it really seems like recently they're taking away all competitive edge in academics for kids. And it's OK to lose.

GUILFOYLE: Actually it's really not.

WILLIAMS: The kid lost and he is still thanked and showed respect and he was a good sport.

GUILFOYLE: Right, you don't lead with it's OK to lose. And you go out there ...

(CROSSTALK)

GUILFOYLE: And you play to win and destroy and crush the other side and be friends after you win.

WILLIAMS: You like to compete with your son?

GUILFOYLE: I don't have to be.

(CROSSTALK)

WILLIAMS: I love it.

All right, one more thing is up next.

(COMMERCIAL BREAK)

PERINO: It's time for one more thing. Kimberly?

GUILFOYLE: We want to take the time today to celebrate the special life of Martin S. Begun a friend of our chairman who passed away suddenly over the weekend at the age of 85. He had a long distinguished career in the fields of medicine, public service and community relations, serving more than 35 years at New York University School of Medicine and Medical Center.

A funeral service was held yesterday and a memorial service will take place in June. He was an incredibly great man, much beloved. And he will be missed.

PERINO: Sounds like a wonderful man. Eric, you're next.

BOLLING: OK, so later on tonight, Greta has a special Greta on the record. She's going to go inside, it's going to be called Meet the Trumps, she's going and said, Melania Trump will take Greta to the Trump residence and show them around. And there will be interviews with Don Junior, Eric Trump and Ivanka Trump. So make sure you stick around for that one. And I'll show up on O'Reilly's show later. And I predict that I don't say a lot and O'Reilly and Geraldo will go at it for a long time.

PERINO: I heard it was brilliant what you did say, though.

GUILFOYLE: I heard about this, yes.

BOLLING: Yeah, you know, anyway, interesting.

PERINO: Greg, you know what this day needs?

GUTFELD: What?

PERINO: This.

Dana's corny joke of the day.

Oh, with the laugh track now, thank you for adding that. OK, are you ready?

BOLLING: Yes.

WILLIAMS: Ebony this time you better play along. My mother was very upset with me.

GUILFOYLE: You're giving me the nervous look already. Don't look at me I don't ...

PERINO: Look, I like your mom.

All right, why -- ready? Why don't mummies go on summer vacation?

BOLLING: Because they're all tied up.

PERINO: They're afraid to relax and unwind.

WILLIAMS: That was close.

GUTFELD: Yeah.

PERINO: Come on, that's funny.

All right, Ebony you better get this one. Why can't basketball players go on summer vacation?

GUILFOYLE: Oh, basketball players, Ebony should get it.

PERINO: You like basketball.

Why can't basketball players go on summer vacation?

BOLLING: They're afraid to relax and unwind?

GUILFOYLE: No.

PERINO: They would get called for traveling.

WILLIAMS: God, I should've have gotten that. You're right ...

PERINO: You should've have gotten that, right. Now this one, K.G., and I am counting on you?

GUILFOYLE: Is it Jalapeno business?

PERINO: That was the best corny joke ever, Jalapeno business.

GUTFELD: Racist.

PERINO: What did the pig say at the beach on a hot summer day? What did the pig say at the beach on a hot summer's day?

GUTFELD: I'm baking.

PERINO: Yes, I'm baking.

GUILFOYLE: He read my lips.

PERINO: No, it was on the tip of your tongue.

GUTFELD: It's not hard to see.

WILLIAMS: That's a compliment.

PERINO: Keep the corny jokes going.

All right, Greg, your turn.

GUTFELD: Oh, I want more, the whole hour, please. If you have my third final third part, and I know you can't wait for this to end, my trilogy on Donald Trump and how he employs sales techniques to persuade base a lot of it on the book "Influence" by Professor Cialdini, I think that's his name. Go to foxnews.com/opinion. You'll like it or you'll hate it.

GUILFOYLE: What would you do without Trump for all of these articles you're writing?

GUTFELD: I'm telling you it's a cottage industry, cottage cheese.

GUILFOYLE: Stalker, Greg's a stalker.

GUTFELD: Greg's bachelorette news.

All right, kick off this week, it was huge, you know, Jojo is the bachelorette. I think we have some B.O., oh, there she is, looking beautiful. What a dress.

You know, remember, Ben dumped her for Lauren, Ben, you're a cad and loser and obviously blind. So she was spurned, she's back on, she made a bunch of odd choices, I can't understand, she picked a drunk Canadian who stripped down to his weird underwear and then she picked Chad, who might be crazy. He's nuts. And she picked a guy dress as Santa Claus which is just strange. A man dresses Santa Claus trying to get a girl, creepy.

Most of the men got drunk, after doing the bachelorette, you don't show up drunk it doesn't really drunk. And Aaron Rodgers' brother is on it.

GUILFOYLE: So I'm ...

BOLLING: Sure. You get mad at me for liking award shows, but you watch "The Bachelor."

GUILFOYLE: Because you know why ...

GUTFELD: This is not based on evolutionary biology. I love how the sexes act when they're in the mating process, men trying to use different things, they flex, they try to make jokes.

BOLLING: But do they want the bachelorette or do they want to be on T.V.?

GUTFELD: That's a thorough question.

GUILFOYLE: You know what I think about Greg, Greg, have you been using the women's rest room lately? Someone is identifying as female across the table from me.

GUTFELD: I don't identify with any gender.

GUILFOYLE: Yeah, OK. Well, that's allowed.

PERINO: Ebony, wrap us up.

WILLIAMS: Yes, so very beautiful event going on today at D.C., it's called a flag in. Soldiers are putting almost a quarter of a million flags on graves at Arlington cemetery today, U.S. military saying it started the tradition back in 1948. The mission is carried out by the infantry regime. And it's nicknamed the old guard. So they're putting 14,000 flags also for the airmen's home national cemetery in Washington and this is the kickoff to Memorial Day weekend.

PERINO: We thank them for their service. It's going to be a beautiful weekend. I think.

All right, set your DVR so you never miss an episode of this show, "The Five." That's it for us "Special Report" with Bret Baier is next.

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