Fox News host Chris Wallace said Thursday that some contents of the recently released report from special counsel Robert Mueller Robert (Bob) MuellerCNN's Toobin warns McCabe is in 'perilous condition' with emboldened Trump CNN anchor rips Trump over Stone while evoking Clinton-Lynch tarmac meeting The Hill's 12:30 Report: New Hampshire fallout MORE are “damaging” and “politically embarrassing” for President Trump Donald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE.

Speaking on Fox News just hours after the highly anticipated report was released with some redactions, Wallace gave his initial reaction to Mueller’s findings.

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“I would have to say, reading this report, there is a lot of stuff in here that is damaging to the president, politically embarrassing to the president,” Wallace said.

Wallace pointed specifically to Trump's directions to allies as described in the report as potentially damaging for the president.

“He directs various people — his White House counsel Don McGahn, his former campaign manager Cory Lewandowski, other people — to interfere, to try to stop the Mueller investigation, but it never actually happens,” Wallace said.

Wallace added that while Democrats will likely use the report to continue investigating Trump and holding hearings, he said he does not see enough in the report to support an impeachment attempt.

“I don’t see much of a basis here for impeachment, and certainly not enough, because you have Nancy Pelosi Nancy PelosiHoyer: House should vote on COVID-19 aid — with or without a bipartisan deal Ruth Bader Ginsburg lies in repose at Supreme Court McCarthy threatens motion to oust Pelosi if she moves forward with impeachment MORE say repeatedly [impeachment] cannot be a purely partisan investigation, there has to be Republican buy-in,” he said, referring to the Speaker of the House, a Democrat from California. “I don’t see the kind of damaging, new smoking-gun information that would get a lot of Republicans to suddenly jump ship and say ‘you know what, this is so far over the line we are going to support an impeachment proceeding against the president.’”

Earlier in the day, Wallace knocked Attorney General William Barr Bill BarrHarris faces pivotal moment with Supreme Court battle Hillicon Valley: DOJ proposes tech liability shield reform to Congress | Treasury sanctions individuals, groups tied to Russian malign influence activities | House Republican introduces bill to set standards for self-driving cars McCarthy threatens motion to oust Pelosi if she moves forward with impeachment MORE for his handling of the Mueller report rollout, saying the attorney general sounded more like a counselor to Trump than the nation's attorney general during a press conference before the report was released publicly.

During the press conference, Barr said Mueller’s report served as vindication for Trump against allegations he colluded with Russian officials to influence the 2016 election. Barr also said that while Mueller did not reach a conclusion on whether Trump obstructed justice, he and Deputy Attorney General Rod Rosenstein Rod RosensteinDOJ kept investigators from completing probe of Trump ties to Russia: report Five takeaways from final Senate Intel Russia report FBI officials hid copies of Russia probe documents fearing Trump interference: book MORE concluded based on the report that there was not substantial evidence to bring an obstruction charge.

Trump has celebrated the report, saying it proved “No collusion” and “No obstruction.”