With the Corporate Tax cut, but there was one industry that got a bigger snub last night than any oscar wannabe ever has gotten. This one could drive a new wedge between congress and the white house. It involves a lot of money, were going to explain. And talk about a snub. When it comes to Mark Zuckerberg and the winklevoss brothers. A wedge doesnt do justice to the bad blood that may be boiling between the harvard grads. A new move by the social network against cryptocurrencies and the rest has us at countdown wondering if zuck is holding a grudge over having to settle with bitcoin billionaires over who really created facebook . Facebook and microsoft earnings on tap. Why millennials may be more financially savvy than we thought. How can you cash in on the governments infrastructure push. And President Trump versus Alan Greenspan . Charlie is about to break that hour next. Youre in the right place. Lets start the countdown. We need to get to that very scary situation right now in virginia. That passenger of a truck that was struck by a train which happened to be carrying hundreds of lawmakers is clinging to life after sustaining serious injuries. The driver of the truck was killed. The amtrak train had been carrying hundreds of gop lawmakers and families who were heading to the republicans annual retreat in greenbrier, west virginia. Only minor injuries of any aboard the train, were going to keep you updated on the developing story. Anything that happens, well bring it to you. In the battle between stocks and treasury yields, stocks in retreat. All three major averages are moving down but the dow holding onto 26 point was gains. Earlier, though. The dow had seen a gain of 261, gone. S p is now 4 points to the do downside, it had been higher 16, nasdaq is now down 5. Why . The yield on the 10year started charging forward above 2. 75 and got to that point for the first time in nearly four years, yesterday and the day before bond prices were taking off and moving higher. What dampened stocks . Todays fomc or Federal Reserve meeting release showed policymakers say yes, relax, well see a pickup of inflation this year. I dont know if i want to see prices rise, thats what inflation really is. But the fed also indicated it will raise rates at very next meeting. Market doesnt seem to like that. Regardless. January has been very kind to the bulls as the major averages tacked on 5 plus gains. The nasdaq gaining more than 7 for the month, this, of course, the last day of this month. American copier stalwart xerox has a new japanese owner, end of era for an independent company in america. Whos the owner . Fuji film, buying a majority stake of the company which will be renamed fuji xerox. Fuji is going to pay 2 1 2 billion Cash Dividend to xerox shareholders to make the idea easier to swallow, perhaps, and touchdown fox sports the nfl and the network announcing that thursday night footbal will air on fox sports for the next five seasons. Sources say that contract is worth more than 3 billion. Fox sports, of course, is part of twentyfirst century fox, the Parent Company of fox business and fox a, the ticker symbol, down 4. 63 on Trading Volume of 9. 1 million shares. A night of praise for the gop tax plan and reform that President Trump touted is helping millions of American Workers through everything from bonuses to higher wages, improved benefits at this hour. President trump is meeting oneonone with several American Workers employed by companies both big and small that passed on tax reform benefits to employees. Blake burman at the white house. What are we expecting to hear from the president. Were waiting on the tape turnaround, what can we expect . Reporter normally, the president the day after the state of the Union Address gets aboard air force one and goes across the country. This president is deciding not to do that after first state of the Union Address. Instead, President Trump invited American Workers over here to the white house. What this white house is intent on doing, liz, is continuing to sell this tax cut bill. Even though it was finalized some five, six weeks ago, they want to keep pushing and pushing it and that is exactly what theyre doing right now as the first public event after the state of the Union Address. The president meeting with workers benefitting from this, either from bonuses, higher pay or better retirement benefits. Earlier today on fbn, Steve Mnuchin said democrats are not giving this administration the credit it deserves. I think its unfortunate the democrats cant acknowledge the reality that the trump economic agenda has been great for the economy, has been great for the market. Reporter nancy pelosi, as you know, called this tax cut package specifically the bonuses that were going to workers like these very workers here at the white house today, amounted to crumbs and unsurprisingly panned the president s speech last night. Our expectations for greatness and vision with the president are not high. Hes stooped to a new low in terms of how he dealt with issues. Reporter liz, if ive learned one thing covering this white house over the last year plus, it is this never guarantee anything on timing. However, i am making you what i think is a safe bet which is that this point during your hour, youre going to hear from the president. The pool is in the oval office and we expect that tape playback shortly. Not a guarantee but i think youre going to get it soon. Liz way to bird dog an exact time. Thank you, blake, very much. Blake burman. Look at markets, need to get to it right now. There goes the dow. 250 points of gains reversed. We are now down about 9, call it 10 points for the dow. The s p lower 7. The nasdaq down 17. Forget it. I dont need to get to commentary, i need to get to the traders on the floor show, cme group, and milken chief economist, sarge, to you on the floor, i guess its the fed saying what we all knew would happen. Why has the horses been spooked somehow . Do you remember what i told last week that 20 billion was going to come out of equity market this week . We are in the process. Twothirds of the way through it. One more close to go. The market is preparing. You probably saw the 10 year, got over 2. 75. Thats where the money is going. Liz look at intraday charts here, were at the lows of the session. We have 52 minutes left in the entire day of trading and the last of the month is the news really that bad to now tack on yesterdays 500 points of losses, pared with the day before, and now weve got another day of losses . The news is not bad, fundamentals are fine, economy is fine. Earnings are better than fine. Its mandated selling, the funds have to sell because of the exacerbated move in the third week of january, they have to reconcile at the end of the month as how the pendulum funds operate on a quarterly and monthly basis. There is no alternative. Liz three, four key words in there. I want to get to bill lee, and bill, how do you see it . And what did the fed say today that quite frankly where we started to see the turnaround, right . The fed ratified President Trumps report card. The fed said the Strong Economy, strong spending. Underreported is gdp, though it came in at 2. 6 strip away the inventories and export component is 4. 2, 4. 6 gdp growth on the domestic components. That is a very Strong Economy, and the fed said expect to see inflation rise this year. Thats whats spooking the markets. They are concerned that governor powell or chair powell is going to be moving faster than they thought. Liz four rate hikes . You think, bill . As long as we dont see inflation, no way. Theres no way the fed is going to move unless theyre convinced this growth is going to translate to inflation, so far the evidence is absolutely not there. Liz ira, lets not ignore the private payroll report the precursor to friday jobs report for the month of january. This was a blowout number. Look at screen. 234,000 jobs created. The expectation was 185,000. This too gives us great news. Are we back to good news, bad news for the markets trend . Temporarily. What were getting caught up wrong in, liz, is the amount the markets up or down every day. Once you are near 26,000, 27,000 in the dow, you get a 1 move its 300 points. What weve got are 1 moves and bake them because were used to 200, 300 points being a big deal. Remember the caps . 20,000. Now another 5, 7, 10 higher than that. You get the breaks, its okay. Momentum is out of upside. Liz yes, absolutely. And people will be looking back and saying that was my three day window to buy slightly cheaper than what weve seen. Sarge, bitcoin, seeing it moving lower today, it dipped below 10,000 per bitcoin. What does this tell you, were at 9,984 right now . Im in the a huge fan of bitcoin. I dont own any. Im not going to just dump on it. It is utilitarian use down the road for nations that have sloppy currencies like venezuela or anything like that. I dont think youre going buy a cheeseburger or pizza with bitcoin. Liz bill lee, what do you think . Smugglers and people want high government and taxes. The zero Interest Rate policy, weird stuff like bitcoin, thats the shame. Liz well, facebook agrees with you guys. Guys, thank you very much. And speaking of that, did you see what facebook did . Whats really behind facebooks bitcoin ban. With the closing bell ringing in 49 minutes. Social network couldnt manage to ban fake news, but apparently ceo Mark Zuckerberg has no problem giving the Cold Shoulder to the cryptocurrency, it wants to prevent scams. Facebook vaporized all ads for the cryptocurrency from the site. Why . Is he still not over the court battle with facebook co founders and now bitcoin billionaires winklevoss twins . What the controversy means for zuckerberg as he jumps on the Conference Call just two hours from now. And a big lovefest between President Trump and american businesses last night. Manufacturing, energy, coal, apple getting hugs and kisses well ahead of valentines day from the commander in chief. The major industry that was snubbed, called out, its paying the price in the final hour of trade. Well show you next. Oh, and theres the closing bell. sighs i hate missing out missing out after hours. Not anymore, Td Ameritrade lets you trade select securities 24 hours a day, five days a week. Thats amazing. Its a pretty big deal. So i can trade all night long . All night long. Is that Lionel Richie . Lets reopen the market. Mr. Richie, would you ring the 24 5 bell . Sure can, jim. Trade 24 5, only with Td Ameritrade. I cannot imagine managing my diabetes without my dexcom. This is the dexcom g5 mobile continuous Glucose Monitoring system. A small, wearable sensor measures your glucose every 5 minutes and sends the data to a dexcom receiver. Dexcom helps lower a1c and improves quality of life. If youre over 65 and you have diabetes, you should have a dexcom. If you get a dexcom, youre going to be very glad that you did. Visit dexcomnow. Com to learn more. Youre going to be very glad that you did. Every truck guy has their own way of conveying powerful. Yeeaaahhh boy. Kind of looks like a monster coming to eat ya. Holy smokes. That is awesome. Strong. You got the basic, and you got the beefy. I just think it looks mean. Incredible. No way. Start your year off strong a new chevy truck. Get a total value of over 9,600 on this silverado all star when you finance with gm financial. Find new roads at your local chevy dealer. We use so why do we pay touters thave a phone connected. When were already paying for internet . Shouldnt it all just be one thing . Thats why Xfinity Mobile comes with your internet. You can get 5 lines of talk and text included at no extra cost. So all you pay for is data. Choose by the gig or unlimited. And now, get a 200 prepaid card when you buy an iphone. Its a new kind of network designed to save you money. Call, visit, or go to xfnitymobile. Com. Liz hundreds of companies have been friending block chain, some have changed their names. Cryptocurrencies themselves have been unfriended by the social network. Facebook is banning advertisers that promote bitcoin, etherrium, ripple. No more. Social media giant wants to protect users against deceptive practices, thats the reason. This as the company is about to release earnings in less than an hour. Lets bring in tech expert lance and ceo and president phil blancato. Lance, whats behind this . Facebook has come through a rough year and a half with the fake news that they basically drove through on the social network, and now, theyre just sort of nervous about anything that even smells a little funny. And heres the thing about cryptocurrencies, there are a lot of people who are excited about it, but i can count on one hand the people who understand it, definitely not the average consumers who are living their lives on social media. On facebook. Liz does facebook allow ads for fancy liquor and things like that . Believe me, i think they are picking battles because ive seen lots of garbage ads on facebook to this day, but because there is so much heat and interest around cryptocurrencies, theyre jumping all over it. Liz phil, does this hurt the revenues in the future if bitcoin gains momentum. I know bill lee and sarge said theyre not into, it some of us are old fogies and not ready to embrace bitcoin, what if it is successful and theyre not allowing ads for it . I have to agree, i dont think there is room to play with the space yet. Its not regulated. Not trackable, its far too uncertain, and put the average retail person in that sphere is not a good idea. They have no upside from this. No benefit. I dont blame them, its a good move. Liz here come the black helicopter theories. We know the first bitcoin billionaires are the winklevoss brothers who sued Mark Zuckerberg saying they were the original idea guys on facebook settlement. And they took it and spent it and theyre billionaires, too. Are they holding a grudge . Theyre looking really, really smart right now. Mark zuckerberg is Walking Around like a wound puppy trying to explain himself and explain facebook, thats what this is about, that them telling people facebook is a clean, safe environment, dont worry, were not going to push forward potential scams like, this but i do agree with the other guests that theres a lot thats interesting about cryptocurrency, the fact its not tied to central government, regulating the same way. You want people to learn about this, its not going away, and facebook is a good place to learn about this if theyre allowed to. Liz tell that to the winklevoss brothers who missed out on billions with facebook. If they focus on the soontobe two billion customers that they have, thats what theyve got to focus on. Getting caught up in this, in the black helicopter, they dont need to have a misstep. Liz i get that, hes going to be asked about it in the earnings numbers. How do you think they will do today especially considering, will we see afterevent or aftershock from the changing of the news feed . I dont think so. You know, this is a part of our fabric at this point. Where people get information to maybe buy a product, more importantly, the central hub of their lives and more users than ever. Great numbers and people are impressed that the new issue is the by product. The revenue is there. Liz 15 seconds, quick thing on Virtual Reality and oculus. Its for gamers, it is good forward leaning technology for facebook to have but not part of the core business, not what drives the revenue which is the mobile advertising. Liz lance, phil, thank you, weve got the president right now. Lets listen in. Pretty good. The train accident was a tough one, a tremendous jolt, and theyre proceeding to their conference. We dont have a full understanding yet as to what happened, but it was a train hitting a truck going at a pretty, pretty good speed, and well have a full report as to what it look like the driver of the truck was killed, and its very sad to see that. But theyre going onto the conference, and ill be going to west virginia, great state. Ill be going there, ill be going tomorrow, and well be together, but it was a pretty rough hit. Thats what they all tell me. Spoke to a few of the folks. They say it is tough. Joining me today are some great americans, and ive been talking about reaping the rewards of the big tax cut bill and reform, but the big tax cut bill and these are people who have the theyve worked hard, they have businesses, some cases theyre making tremendous percentage amounts more than they were going to before, before the plan, and we thought wed bring some of them up to stay in front of the media and the press to say a few words. We have sue wagner, thank you, sue, bank of colorado, ft. Collins, colorado. Great place. Thousand dollar bonuses awarded to all fulltime employees. Thats great. That was nice, right . It was great. It was a gift all of a sudden, for somebody that works very hard. William harmon and william . William . Oh. Right there. Total system service, georgia, thousand dollar bonuses awarded to 11,500 employees, you have a lot of happy friends, right . Great. John amfennson farm in curbing iowa. Thousand dollar bonuses and 5 pay raises awarded for the employees, 5 pay raises in addition. All things that would have never happened without the or certainly wouldnt have happened for a long time without the tax bill. Michael porter, aflac, increases columbus, georgia. 401 k match from 50 to 100 on the first 4 of compensation. Thats pretty good, right . Plus onetime 500 contribution to every employees 401 k , and theyve got a lot of employees. Great company. Thank you very much. Appreciate it. China edwards. China, hi. Bank midwest independence, missouri. 500 bonus for fulltime employees, 250 bonus for parttime employees. Thats a lot of people. Its a great place, its a great state. It is. Thank you very much. It really is, isnt it . Patrick sobres. National Bank Holdings corporation denver, colorado. One thousand dollar bonuses for employees making less than 50,000. And thats a big group. There were a lot of happy people, right . Yes, there were. And jessica melendez. Jurgens, inc. , cleveland, ohio. Will announce 1,000 bonuses to employees. Some Companies Announced 3,000 bonuses. Some have given raises to the minimum wage up to 12, 13, 14 and even 15. We also have massive investments coming in like apple, 350 billion. Yesterday we had exxonmobil announce theyre investing 50 billion in our country. So we have a lot of things happening, and perhaps well start with you. Go ahead. Tell us. Yes, sir. With total systems, basically like President Trump said, thesis invested total of about 10 million plus in his team members giving them the 1,000 bonus, and that was all the fulltime team members, not only in the u. S. But also worldwide. And not only did it do that, but it also raised its 401 k match that they paid us from 4 to 5 , so you know, ultimately, this new tax law is really helping everyone out in the sense that like me personally, i was able to take some money from the bonus, put it aside for vacation, and much needed vacation they plan on take my family on this year, and thats huge for us. Thats fantastic. Well, enjoy it. Thank you very much. Sue . Yes, my name is thank you for having us here, mr. President. My name is sue wagner from ft. Collins, colorado with bank of colorado, also Pinnacle Bank is our Parent Company, and were a Community Bank serving eight states, we focus on serving local businesses, agriculture and all the customers that we have, and when the news came out with the tax bill passing, sean ostop, our president , we want to make a clear statement that the tax cut would benefit all americans. They immediately announced, i believe we were one of the first to announce the 1,000 thats true. Thats true. Bonus. And everyone, of course, has their own story how it benefits them. We have some that had a very special christmas. We had others that had medical family expenses, things like that. For me, i have a wedding coming up this year. My daughter. Were looking forward to making a very special event and memory out of that. So we thank bank of colorado and Pinnacle Bank for their generosity and thoughtfulness and thank you, mr. President , for championing the bill for us. Thank you very much, sue. We didnt know this was going to happen so much. Nobody thought in terms of the corporations, doing what theyve done, by the hundreds and millions and millions of people are covered and frankly we thought february 1st was going to be the big date when you also have more money in your paycheck. So that will be something special. And thats coming up very soon. Michael with aflac in columbus, georgia. As a husband and father of four, ages from 2 to 9, its very busy at our house. And what aflac has done is a full percentage point, 4 match allowing employees to contribute up to 4 and the company would match that 100 , and also gave another 500, onetime 500. Its really given us as parents the peace of mind to focus on our kids and retirement. Aflac is always taking care of policyholders not only in the immediate sense but longterm. And do that for employees as well. And what theyve done to the tax cut and giving back to their employees and their 401 k s is phenomenal, and it really gives my wife and i the ability to focus on our kids and not worry about whats going on down the road. Retirement will come, but aflac has taken a vested interest in ensuring we have what we need to afford our retirement. Thank you to you, mr. President , and i want to give you these pair of aflac socks. These chairman, i know very well, hes done a fantastic job, and they actually, a long time ago, hired my wife to do a big commercial, an aflac commercial, and i think it was a successful commercial, too. Thank you, say hello to them. China . My name is china edwards, i work the bank midwest, division of mb bank which my colleague patrick sor bers works at. It was a very unexpected surprise. With bank midwest already having such a great benefits package, it was one more way they took advantage of the opportunity they were given and invested in their associates. Its not something where can you work for every company and they invest in the associates they have. Im truly thankful to work for a great company. It is a great company. It is a great company. And a really great state. Great state. Fun state. Thanks, china. My name is jessica melendez, i work for Jergens Incorporated in cleveland, ohio. Me, personal, other than seeing more on my paycheck every week, the president of jergens is going to be giving everyone double pay raise. Wow. Permanently, every year, every annual. Were going to be investing money into cnc machining downstairs, and were also looking forward to bringing on new hires. We have an interview already friday. Thats fantastic. Fantastic. Go ahead. First of all, mr. President , thanks for having us here. Im patrick sorbers with national Bank Holdings, and we operate a family of Community Banks in colorado, kansas, missouri, new mexico and texas, i served as the president of the Community Bank of colorado. I want to say, mr. President , this has been very impactful to all our associates. We quickly took action and awarded every associate in our company who makes less than 50,000 a year annually a thousand dollar bonus, and the feedback has been really fantastic. People have used it to pay bills, used it to buy books for their kids, et cetera. Additionally, as a result of this tax reform, we are looking at implementing a longterm business for the same group of associates and also in the process of ruling out a plan that would be Tuition Reimbursement for our associates and all made possible by the tax reform. Small businesses, Small Businesses, our clients are telling us they are looking to invest in their businesses, invest in their associates, invest in plans, buy new equipment, and theres an excitement among business climate. This has not impacted only our associates, but impacted our business clients. Well, i think expensing will be one of the biggest impacts from the plan, you people have one year expensing, which is unheard of. Weve never had that before in this country, and a lot of people dont talk about it, its going to be most impactful of anything, including bringing perhaps 4 trillion back. Like apple is bringing approximately 245 billion back. Theyre paying approximately 38 billion tax, and theyre going to invest that money in this country. Up to 350 billion. So but i think expensing is the unsung phrase within our bill thats going to be fantastic. People are really going to go out and do something and seeing it already. Thank you, im glad you brought up that. Thank you very much. Thank you, mr. President. Sir . John amfenson farm, and we are a very Small Business from the rest of the people in the room, im sure. I have seven employs, and almost immediately when i heard the bill is passed, struck me and i heard somebody is going to give bonuses. Thats great, you know. And i decided to do it immediately, the bonuses and pay increases and i felt like a kid that got the new keys to the car. Weve got to do something with this, and make the best of it and go ahead with it, so just seemed like the thing to do right away, so anyway, our business is very old, weve been a family business, thats going to be 100 years this year. Wow. According to dun bradstreet. I havent done all the exact research, about 1918 we started and ive run the business for 45 years. As far as the bonuses, i workday to day, every day with, my employees in the fields and our plant, and know them all really well, and i really appreciate everything that they do, and its important that we look after our employees, you know . Absolutely. So its really easy for me, right there, everybody every day, and in addition to that, as far as ive got on order new equipment for our plant, about a new job, a 350,000 machine, and storage tanks for liquid fertilizer products, and 25,000, so decent money were going to invest back. One year expensing. Pretty good. Were very pleased. As far as personally, i had a granddaughter and her husband live in boston, and they already seem to experience the benefit of the bill. My granddaughter called me and said between of those two people, theyre going to have about 6,000 additional money they get to keep, not a gift, they get to keep it. Money is a gift. But they were shocked what it was going to amount to them personally, and just ecstatic. It is not crumbs. No, its not. You folks are terrific. Were going to take some pictures and thank you all very much. Thank you, everybody. Thank you very much everybody. Thanks, everybody. Thank you, all. Liz what that just underscored is that those bonuses are not crumbs. President trump spoke last night to america, now as you saw, he spoke to American Workers at the oval office to talk about post tax cut windfalls and how theyre spending them. You heard about total system services, 1,000 bonus to 11,500 workers, 5 pay raises and raising 401 k match. And aflac saying they are raising matching level for 401 k s. Hundreds of american businesses got kudos last night during the president s state of the Union Address, but one entire sector did not. Listen. One of my greatest priorities is to reduce the price of prescription drugs. In many other countries these drugs cost far less than what we pay in the united states, and its very, very unfair. That is why ive directed my administration to make fixing the injustice of high drug prices one of my Top Priorities for the year. [applause] and prices will come down substantially. Watch. Liz and watch this, prices of pharma stocks and biotechs coming down, you can see pfizer, merck, eli lilly down from 2 to down 4. 63 . Onetwo punch from the president , and amazon Berkshire Hathaway matchup killing the names. That was yesterday. Today you have the aftermath what the president said. With eli lilly getting hurt there. Look at celgene, amgendown, biogen lower, 1 1 2. Lets bring in byron and boyd. Boyd, to you first, pharma, not too happy with the president and nobody else might be. Pharma will have more of its fair share of problems, which is a good thing because theyve been employing an army of lobbyists which is collusion of the swamp which theyre going to take a swing at. You saw in the press conference something important, liz, that not only was this about Big Companies doing well but getting it down to the little guy which is the messaging, getting it down to the Small Businesses, not just the Big Companies doing well and getting big bonuses to the familyowned business. This was a message that met the policy which is pretty rare for the administration thus far. Liz robin, its a right of American Passage that the opposing party from the president does not smile, stand, clap that much. I get that. Because the republicans did it to president obama, but when you hear what we just heard from the oval office, and talking about anfinson, farm in iowa. The farm store. He had seven employees and was excited as a kid in a candy store. Youve got to give props to what we see is the windfall, in part, right . Yes, liz, you are exactly correct. I spent the entire speech jumping between different live feeds to see in time, realtime reactions from americans to what was happening, and they were not happy with democrats for their grimaces on their faces, they were not happy when they didnt stand for the victims of the ms13 family, for example. So i understand their concerns, i know why democrats didnt do it, especially because donald trump is basically saying some of these immigrants are criminals and gang members, so i understand. Its not going to resonate with americans, it did not set well with them and made me uneasy and frankly i was humbled by it, liz. Liz what made you uneasy, explain . Yeah, let me go a little further. They just dont understand that donald trump is a master propagandist, thats what a lot of last night was about. Liz doesnt every president do that . I can understand that and the chamber did. Liz every president talks about the great things theyve done. Okay, battle back against robin here, whats your response to that . Interesting, mirrored what we saw in the 80s when the economy started taking off and the democrats did a similar move then and just created this disconnect with the American People, so i think robin is right to be concerned that it just doesnt resonate. It doesnt connect the dots for the American People, and while every state of the union really is a really become more pomp and circumstance than substance and policy, and that is part of the problem, but it was a big miscalculation by the democrats. What about this, every republican president in the past during his state of the union has brought up cutting spending. That whole idea was m. I. A. Not even mentioned, and democrats, robin have, not been religious about cutting spending, theyd like to see a lot more spending, from both president s bush, president reagan, in the past, they talked about the fiscal conservatism, maybe the democrats can jump in there and fill that void, if it matters. Liz, weve got to do something, all ive seen from my own party is a lot of criticism of the sitting administration, but not a lot of offering of plans what they intent to do. There is an opportunity they can feed onto. I was disappointed that kennedy in rebuttal speech did not latch onto that. Liz hold on a second. Lets play, because we cobbled some of this together, and can you hear how previous republican president s tackled spending. Im asking that you join me in reducing direct federal spending by 41. 4 billion in fiscal year 1982. We must begin with control of federal spending. Cut number and costs of earmarks in half by the end of the session. Liz boyd, is that fiscal conservatism moniker gone from the Republican Party now . President trump did not mention it at all. The fact it was absent last night made me uneasy. Liz really . And i think the most important thing, liz, and i do think one thing that representative kennedy did a great job was his finish saying we can applaud politicians for promises made but america is going to be judged by what we actually do. Thats the test. Were only eight days from a shutdown again. Still immigration issues to do. A little pat on the back is fine, dont break your arm doing it. More importantly, get back focus on fiscal responsibility and empower the American People to move forward. Liz boyd and robin, i tell you what powered higher, the markets in the red. The dow back up 98 points. Not at the highs of the session but better than we were. The s p is back in the green by 6 points and the nasdaq as well. Now jumping back 19 points. Not bad. With the closing bell 17 minutes away. A new bubble battle is brewing. This one hitting the president against one of the most respected Federal Reserve chiefs ever. Charlie has the inside details. Hes about to break it. Countdown coming right back. When a cold calls. Achoo . Answer it. With zicam cold remedy. It shortens colds, so you get better, faster. Colds are gonna call. Answer them with zicam zicam. Get your better back. Now in delicious fruit drops. He gets the best deal on the Perfect Hotel by using. Tripadvisor thats because tripadvisor lets you start your trip on the right foot. By comparing prices from over 200 booking sites to find the right hotel for you at the lowest price. Saving you up to 30 youll be bathing in savings tripadvisor. Check the latest reviews and lowest prices. Liz just as President Trump is touting the Strong Economy in the booming markets ever since he took office, Alan Greenspan, the former Federal Reserve chief today, the same man who coined the phrase irrational exuberance had choice words for market enthusiasts and could be the precious market rally, at least thats what charlie is hearing . We should point at. Where is the market trading now. Liz recovered nicely. There was a point today it was up 150 points where it was right at 2 00 when the fed came out and said it wasnt changing Interest Rates, the markets went up, down, up, stabilized and at about 2 20, look at the tape. There was a puke, as we call it. Liz it was not it was a puke. It went down and went into negative territory. We look at one thing, i called up a couple traders, theyre not changing rates and pointed to the interview that Alan Greenspan, the former fed chair, and once considered one of the greatest sages of the market. Liz where did he give the speech . On bloomberg, i tried to not say that. [ laughter ] credit where credit is due. Our friends over there. Liz we would be mad if they didnt credit us. They dont credit us a lot. He said this, there are two bubbles, stock market bubble and bond market bubble and went onto attack the president s state of the Union Address. Too many spending priorities. Basically said were going to have a market crash and said its going to be led by higher Interest Rates. When people realize that these tax cuts and Everything Else is going to lead to a deficit, higher Interest Rates, therefore, basically liz this, from the guy who missed the real estate bubble. This from a guy, clear about his record. One of the great sages, great economic growth, the mastrow of the markets, 1996 he called the markets irrational exuberance. Liz before the dot com bubble. It was four years before. He was a little early on that. The big problem i think he had is that he set the stage through massively lower Interest Rates for the Housing Market collapse which led to the financial collapse, and when it was actually happening, he had no idea. He would support the Housing Market saying the high housing prices in 2004, 2005, 2006 before it started to blow, that it was okay. We have to put this in context. What have you here is the former fed chair, notable figure attacking President Trumps economic policies and his stock market saying its a bubble thats going to break, we did put in a call to the white house, they had no comment. I will say this about mr. Greenspan, were all wrong, but its not like he was wrong where the nearest Chinese Restaurant is. He was wrong about something that literally destroyed the economy. Liz he might be right about the markets but thats okay because weve seen the markets run up and we warn you on the show, is he trying to be relevant by making this prediction . Well, listen, they called him on, but yeah, i want to make one point. A guy i dont agree with a lot, barry ritholtz, runs a Money Management firm, and barry wrote a column they whole heartedly agree with. Barry pointed this out, it was peanuts scared and to the size of our economy. President obamas stimulus package take the corporate rate down from 35 to 21 is trillions upon trillions. Its a huge stimulus package, its hard to fight that. You are giving money to corporations like there is no tomorrow. They just dont sit on, it give bonuses. Try to hire. Buyback stocks, everything theyre going essentially do with this is good for the economy, and liz, im telling you its much bigger than what president obama did. Barry wrote that, put that in context. Liz but the republicans fought obama on this. There was no talk about it, that type of spending. That type of spending, kinsian stimulus doesnt work. They controlled both houses of congress, too. They could have done what trump did. Liz what the, what the, what the, we have to go. Im getting the rap here. You are nervous. You notice i didnt cuss once today . My wife washed my mouth out with soap last night. I get it. And the reaction is that shirt . You dont like the shirt . Liz i didnt say i didnt like it. Closing bell ringing in 7 minutes. I look like a farmer. Liz nothing wrong with that. Concrete, sand, barbed wire, not the typical plays when you think of infrastructure investing. My next guest says forget traditional equities, more than one way to cash in on what may very well be President Trumps 1. 5 trillion infrastructure plan. Jeffrey gundlachs top dog is going to give you his portfolio building next. Liz infrastructure is big push for this year. Time to build infrastructure in your portfolio. We put up warning sign. This isnt specifically equity stocks, correct. Talk about how you plan to make money off the infrastructure plan. A lot of people when you talk about infrastructure, they talk about equity. Were looking at infrastructure debt. This is newer asset class. Governments or Banking Institutions would finance this asset. Because of regulation and overburdened debt at government level. Seeing infrastructure getting pushed into the private debt market. Liz private debt market is not individual stock name. Like we showed, ak steel. How do you put investors into the money in anticipation of what could very well be a 1 1 2 trillion dollar plan . Sure. Yeah, i mean were looking at a number of different second sectors in the space. Energy and Renewable Energy is a big component. What were looking for is, as President Trump said last night, 1. 5 trillion proposal for infrastructure. Governments, foot some in the bill. Private institutions will have to step in. Were seeing invets in the space. Sources pretty attractive investments for investors. Liz if investors stick with equities where would you put the money . There are a few different avenues for equity. I would say. This is not a recommendation by any means. What i see in the market. There are etfs, focused on infrastructure assets. But the debt play. It is a newer play, for investors to get outsized gains. Liz i would think so. Talk about the biggest sector place that you feel have the best momentary movement you think can really capitalize on this . Transportation assets. Transportation was a theme last night at the state of the union that president President Trump addressed. Liz right. This area needs significant investment. What we will do in the space remains to be seen but i think privatization will come into play. The federal government doesnt have the funds to bring us up to speed where they want to get to in this area. You do see some privatization, whether congestionbased traffic controls or toll roads in general that can produce pretty attractive stable returns for investors. Liz your in a great space. [closing bell rings]. Foals, as you see, the dow gain of 77 points. If it werent for boeing which has done very well, dow would be negative. That said, that does it for the claman countdown. Melissa roller coaster ride for stocks in the last hour. Look at charts. Dow climbing out of negative territory to end up 76 points t was up as much as 261 pois. P and nasdaqighting for gains at the moment. On last day o tding in januy all three major averages are having their best month in years. Im melissa francis. We can blame the fed. It is always easy to blame the fed. In this case i think it works. Im david asman, glad you join us on after the bell. First here is what else were covering for you on a very