'It's a Serious Situation': Fitton, Jarrett Weigh In on New Uranium One Scrutiny

President Donald Trump this week held an Oval Office meeting with advisers from inside and outside the White House to discuss the 2018 midterms and concerns that the Republican Party could sustain significant losses.

The meeting - which was attended by White House Chief of Staff John Kelly, Counselor to the President Kellyanne Conway, Communications Director Hope Hicks, Political Director Bill Stepien, former Trump campaign manager Corey Lewandowski, former campaign digital guru Brad Parscale and others - reportedly turned tense and contentious at times.

On "Shepard Smith Reporting," Chris Wallace said Republicans have reason to be very concerned about 2018.

He pointed to recent Democratic wins in the Virginia gubernatorial election and the Alabama Senate special election.

"You see a very energized Democratic voter base, especially among suburban women, young people, minorities," Wallace said.

He added that Trump, despite his accomplishments this week, still has historically low favorability ratings for this early in a presidency.

He said it will be difficult for Democrats to take the Senate, since they are defending 26 seats to the Republicans' eight.

In the House, however, Wallace said there is speculation of 40 seats swinging to the Democrats, which would easily give them a majority.

"We're an eternity away, it’s 11 months away, but this is going to be a tough election for Republicans," he said. "And obviously, any effort of the president to pass his agenda would really be put in jeopardy were Nancy Pelosi and the Democrats to take back control of the House."

Watch more above. 

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