Things have changed in the last couple of seconds here. Meanwhile at the white house, President Trump meeting with some of the biggest labor leaders in the nation. President trump talking trade, jobs and the economy with the leaders of the teamsters, the steelworkers, the auto workers and other trade groups. This after team trump released Economic Outlook earlier this afternoon. The president s council of economic advisers came out with numbers and the numbers disappoint, if you had been hoping that what the president said on the campaign trail would come true. Well get those be ins to you in just a moment. Bob nardelli, grandson of the Biggest Companies in the nation, hell tell us whether this Economic Team of the president s should have come up with a more solid number in this very wide ranging forecast. And we will introduce you to the ceo of a company that is planning to take on the likes of apple, fitbit, garmin, polar, all of the Wearable Companies with his own wearable. What makes it so different . He says it will change and save your life. This is a fox business exclusive, you need to see this product. Less than an hour to the closing bell. Lets start the countdown. So breaking news, and again, this should underscore how quickly things turn. When i just started talking to you about a minute and 30 seconds ago, we had the dow up 150. Now up 95. We had spiked on Janet Yellens socalled parting gift to the markets and was the fed minutes reports which give us a sense of exactly what was said at the most recent fed meeting and kind of not too hot, not too cold, things look good, stronger, still look at three rate hikes, not more, not fewer but not as aggressive as the markets previously thought. We are well off session highs which were struck right at 2 00 p. M. Eastern when the fed minutes came on. Could you call this a strong close . We have 58 more minutes to go and now up 88 points. Folks we are on a trajectory going lower. 10year treasury yields, changing moment by moment. When the numbers hit the tape, we were at 2. 9, now 2. 93. Interest rates move higher and stronger. That means less fear in the markets and lets see if thats true. The vix volatility index slipping to lowest level since february 5. And climbing, sort of the opposite what stocks are doing. Right now down 2 points or 10 Percentage Points but had been much lower. Were standing at 18. 47 for the volatility index. Can we look at the tech sector . Shining brightly. The nasdaq is on pace for highest close since february 2. We are up 50 points but high of the session for the nasdaq, we did see a gain of 104. I dont know if that still stands. We are writing the scripts and changing them as quick as the actual picture at the moment. The intraday, were heading back down. Big cap tech titans, keep a close eye on amazon, it could make history today, if it closes above 1500. That would be the first time ever. Right now, were looking at amazon at 1496. 51, were less than 4 bucks out of there. Amazon could be partly responsible for walmart, having worst day on wall street in more than three decades. That, of course was yesterday. Today, were only adding to the misery. Walmart is down another 2. 5 after getting smacked by a 10 loss yesterday. Biggest retailer falling for the second day in a row on track to shave off nearly 90 points from the dow after a barrage of analysts cut price targets on the stock today in the wake, not only of walmarts disappointing Earnings Report for the crucial Holiday Quarter that showed a slowing of online sales growth but almost a concession amazon is a jugger sdmaut beating walmart. Could this be a buying opportunity . Always got to ask that question. We need to get to the white house because the president is now listening to the unions. Hes meeting with trade Union Leaders as he vows to get tough on trade deals that, quote, hurt american workers. Again, this is interesting, the president turning the traditional view of Republican Leaders on its head by welcoming instead of freezing out Union Workers which is what many republicans well in the past used to do. This comes just as the white house releases its assessment of the economy. A lot going on, blake. We have the fed minutes, the markets i want to say reversing now, now were up 65 points when we had been up 250 for the dow and the meeting where the president is really linking hands with Union Members which stands similar to what he said from the very start when he invited coal Union Workers right into the oval office. Reporter you got it exactly right. I was speaking a little while ago and this person said, look, while President Trump, this is a group that may not necessarily see eyetoeye with him, he invited last year. This is described as a natural progression of the conversation, that the president had with these heads of the biggest unions, just last year. Let me show you who is exactly at white house now, the head of the aflcio, teamsters, steelworkers, the uaw, to give you four of the six there. Im told nafta is a good portion of the conversation, as you always know the president has a decision to make whether or not to levy tariffs against steel, and that could potentially come up as part of the conversation as well. This comes as the economic report of the president was delivered today by the president s top economic advisers and they had this message, i guess you could almost say this warning on trade, at least as the administration sees it. According to the 500 or sopage report, they wrote on trade even if fair and reciprocal International Trade as a whole leaves the u. S. Better off in the aggregate, this does not necessarily mean that the benefits of expanding trade flows leave all americans better off. Youve got this administration saying America First is the priority, but critics both inside and outside of this country say this is an administration that is too protectionist on trade. As for that cea report, it paints a rosy outlook of the economy, and when you look Going Forward as to where they see things headed, its pretty much at a rate of 3 gdp growth. A 10year time line they outlined had just about 3 in the nearterm and the outcoming years other in middle portion of the 10year window at 3 and the back end of the window just below 3 , but then theres also this warning as it relates to the headwinds. Heres what they caution liz, challenges remain for 2018 and the longer term, including increased opioid dependence, the recent low rate of Labor Productivity and real wage growth and downward pressure on the Labor Force Participation rate from demographics. Bottom line from this report, liz, 3 gdp growth, they feel will be the new norm coming here for the next ten years or so. Interesting though, they compared President Trump to president reagan and some ways president kennedy, president reagan one year after the recession had gdp of 4. 6 , and then i believe it went to 7. 8 that following year, so, you know, were not there yet. Reporter and one person they did not compare him to was president obama. It was very clear when we were on a call right before this report was released, they are saying, look, this is a clear departure from the obama administration, and they think, especially with the new tax code going into law that that is going to lead to the 3 growth. The feds not far behind. They said the same thing in the minutes a few minutes ago but said they havent seen it yet. We can only hope its coming. Blake, i dont know if you can see this. The dow has fumbled more than 240 points of its lead. We are now up 17 points for the dow at 3 00 p. M. , 9 minutes ago, we were up, what, 200 what were we, right . More than 200 points . Its unbelievable. The high of the session was 303 points to the upside. What is happening here . Well, could it be a move higher in bond yields or Something Else . I need to get to traders right now. And we should mention too, jpmorgan had this to say while rising longterm rates will ultimately become a negative, we do not see current levels as a reason to derisk and sell equities. Oh, really . Said the guy at jpmorgan. Whats going on here . Ill start with ted weisberg, and chris is listening to. This is a significant reverse, maybe we can show intradays, the really big drop here. Whats going on . Well, it is as we speak a big reversal. The stay not over, and as fast as they came down, they can reverse it and move higher. No question after the fed minutes are released that what they heard, the comments that the fed can afford to be patient with Interest Rates. Clearly this is of a peace of fed chairman, not from the current fed chairman, and influence on the Federal Reserve, but i think the issue of Interest Rates is clearly a headwind for the market, but unfortunately, we dont know where the Tipping Point is, and i dont think were close to it. But at the end of the day, liz, the fed, the 800pound gorilla in the room. Will corporate earnings trump what the fed does down the road . That remains to be seen. Its the fed, we just turned negative. Ira. The dow is down 14 points, the low of the session here. Ill say what the fed said in case people missed it at 2 00 p. M. Eastern. Stronger growth than previously forecast. Further gradual rate hike. Inflation will hit 2 in the intermediate term. Tax cuts nearterm are positives. Havent seen the effect just yet. Upside risk, things are stronger. Ira, why suddenly an hour after those minutes came out did we go from up 303 points to now down 23 . Highfrequency trading. Hft, that is the name of it, and playing on each word that comes out, as it comes out, you stand in front of a train, thats what happens, that kind of money comes into the market. The fed said nothing, its a threeweekold statement were listening to. 10 plus break after the statement. Weve added 300 billion in spending to the market and the fed said one thing, one big word, gradual. Theyre going to look at each threemonth period and tell you where theyre going. Trying to read what jpmorgan is saying of four rate cuts, im not buying into it. 2 1 2 is built into the market, see how the market does from there, and trading affair, no longer just a straight up affair in stock. Said that last time i was here. Im telling you this is really strange. Youre saying its the algoes. We talked a lot about this two weeks ago. And you know, obviously, we had one of the guys who runs one of the biggest highfrequency outfits, vinny viola. To be fair, humans input the buy and sell orders into the highfrequency trades but the computers move it so quickly that this is extremely unusual. Were now up 10 points. Who knows how it will end. Andy brenner sent out a note one of the smart guys we listen to and he said even though were up 303 points, i dont know where equities will go. Chris lowe, does the economy or outlook from the fed or President Trumps Economic Team play into what were seeing right now . I dont think so. You know, i think what the guy said about the minutes is spoton. Theyre talking about continued gradual growth, as you mentioned, theyre expect a little more oomph in the economy from the tax cuts, but they are confident inflation is moving towards 2 and a gradual pace, and that thats consistent with further gradual rate increases. So i dont see anything in the minutes suggesting a faster rate of tightening or even a slower rate of tightening. If i had to pick on one thing that might be driving 10year note yields higher, its the fact that maybe some traders think the fed is being too complacent, that maybe they ought to be a little more nervous about the economy heating up in the wake of the tax cut. Well, sure, if that happens, you start to see that inflation can come in as i said before with the rapidity of a horse at full gallop. Look at the yields now, 13. 57 at 2 00 p. M. Eastern. And a rising 10year yield is nervous that the fed is not tightening fast enough. I see, i see. Remember what happened when the fed was going and the economy was dying in 2016. Those long yields fell because they felt we were doing too much. By the way, there was a mckenzie report that got a lot of attention about stronger productivity. That is the white house answer to all this and well get productivity growth. We should say too, the dollar has weakened going into the fed minutes at a buck 23 for a youro and now at a buck 22. Were watching this. Guys, thank you. We may have to come back to you to see whats going on here. With the closing bell ringing in about 45 minutes, this market is very tentative at the moment. The dow is up 17, but i remind you it had been up 303 within the last hour. Nasdaq is up 33. Had been up 104 if that tells you anything. He was known as the godfather of the american running movement, but jim fix dropped dead of a heart attack on a routine run, this was a marathoner extraordinaire. Would he still be alive today if he had a wearable that has the technology from a company were about to show you now. The ceo of onrun health care is ready to take on the fitbits and the apple watchers of the world. Congressman nancy pelosi attacking the tax reform plan as, quote, a scam and unpatriotic. But now even democrats think that is far from a Winning Strategy for 2018. Hillary vaughn watching this speech. This is a live picture whats going on and what House Minority leader pelosi is saying right now in a news conference. Shell tell us and shell give us the fallout, next. But im not standing still. And with godaddy, ive made my ideas real. I made my own way, now its time to make yours. Everything is working, working, just like it should retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Liz i need to take us back to these markets. Now we have everything back in the green, but nowhere near where we had been. Just 20 minutes ago at the start of the show. The dow up about 16 points but when you had been up 303, within the last hour, this is kind of strange. The s p up 4. High of the session for the s p was a gain of 31 points. I told you the nasdaq up 32. Looks good on the face of it. Had been up more than 100 points. What happened . Hard to say, but if you look at 10year yield right now, it just hit a fresh fouryear high of 2. 94 , why . Well, we can only figure we got the Federal Reserve minutes, the market initially absolutely loved it. All of the gains, the highs of the session came as soon as that came out okay. Were watching it could be the algoes as they said. To san francisco, this is nancy pelosi, the House Minority leader holding a news conference. Shes on a plan to go through many different states. She was in arizona yesterday, and shes calling the gop tax plan a tax scam. Now you know earlier several weeks ago, she called any kind of checks that people were getting from employers in the wake of the Corporate Tax cut as just crumbs, she is now doubling down going so far as to call the tax plan a scam. Hillary vaughn is listening to the speech. How did she begin this speech, im interested to know . Reporter liz, her whole argument is this tax scam is a gop scheme to convince american taxpayers that the reforms are good for them. She admitted earlier today that americans are getting more in their paychecks saying that republicans put a goody in there for some taxpayers to distract from the fact that these corporations are getting these massive cuts. Heres why she says thats a ripoff because she says that republicans, by issuing these massive Corporate Tax cuts are adding to the debt, claiming if you factor in the interests from these cuts, it will add about 2 trillion to the debt. Thats what shes saying. Republicans will tell you that all this growth that we expect to get from the cuts will end up paying for itself, but she says dont listen to that, thats not true. She also says that republicans are purposely creating this to their advantage, using a growing deficit as excuse to cut critical programs. But whats worse about it is that its a black cloud that hangs over the budget and says now weve given robbed from the future and now we have to take from medicare, medicaid, food stamps, Social Security disability. Reporter the california lawmaker saying that some of these cuts are hitting seniors the hardest, arguing the cut to food stamps hit a Food Delivery Service for seniors meals on wheels and hurt the neediest. This is a part of her 100city Campaign Across the country to convince americans that these reforms are bad for the country. Liz . Liz it does seem that its not just gop who are sort of raising their eyebrow on this one. You now have fellow democrats in the house, everybody from John Yarmouth of kentucky to go crowley of new york, whole burch of people, ken ellison of minnesota, ben ray lugeon of new mexico. Scam and crumbs are not right. Some democrats are distancing themselves from nancy pelosi. Thank you very much, we appreciate it. Hillary is going to monitor the speech and tell us anything we need to know. United technologies going airborne, with the closing bell ringing in 37 minutes, utx announcing a 23 million deal with the air force for new air force reconnaissance system, and the gap flying high after announcing a new colab of Kids Clothing in collab with actress Sarah Jessica parker, inspired from heirlooms from her childhood celebrating luck and logic. Nice to see from a company struggling in the past saying their clothes werent cool enough. Who would be quick to jump into the crowd of fitbit and garmin . Diving in with wearable devices that arent just cool, he says they can save your life. A fox business exclusive straight ahead on countdown. You need to see this thing. You. Im not really a wall street guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade about type 2 diabetes. With some surprising facts so you have type 2 diabetes, right . Yeah. Yes i do. Okay so you diet, you exercise, you manage your a1c . Thats the plan. What about your heart . What do you mean my heart . The truth is, type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. But wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease alower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. Soyou still just thinking about your a1c . Well no, im also thinking about my heart. Now its your turn to ask the serious questions. Ask your doctor about jardiance. And get to the heart of what matters. Liz i have a question for you, can your apple watch or fitbit or polar can, it warn you that youre about to have a heart attack . Probably not yet. Well theres a new disrupter in town taking wearable, Preventive Health care to a stunning new level. In pursuit of mission to completely eliminate heart attacks and strokes, omron is the company that is a Global Market leader in athome Blood Pressure monitors but ceo says were going to get to you throw the fitbit in a drawer and swap it out for upcoming wearable. No fear of entering the overstat rated market. Really . No fear. Liz no fear at all. And youve got it right here. Show it to me. This is a Blood Pressure monitor, not just a wrist watch, not just activity monitor, its a Blood Pressure monitor. You have to hold it at heart level to get your Blood Pressure taken correctly. Liz and it can tell. If i went below, it would tell me im wrong. In about a minute, i get a Blood Pressure reading. If i stop it, if i hold it up here, there is my last Blood Pressure reading. Can you see this, marco . Wait, keep it there, keep it there. Tell us what it says. Last reading was 126 over 92 which means im hypertensive. The new aha guidelines say 120 over 90. Im slightly hypertensive. You slightly made me nervous. Liz its not that youre nervous being around me that your Blood Pressure is spiking. Certainly. Liz hes overwhelmed by my abilities and my talent. Not heres a video of it working. So it seems bulkier than the apple watch and doesnt do all the things that the apple watch does. Who is this for and how do you get people to wrip that apple watch off their wrist even a sticky Business Model that has the ecosystem that says im wearing this instead. 103 Million People in the United States are hypertensive. One out of every two adults. They need to know what their Blood Pressure is to take care of their heart. You cant do that just with apple watch or fitbit. You need another product do that, and we think they want to be taking their Blood Pressure any time, anywhere. Not just at home, in their desk, pull out the monitor, put it on, i can take my Blood Pressure now, when i leave the studio, i can take it tonight, i can take it when im sleeping. Liz when is this on the shelves . Later this year after we get final fda clearance. Liz how much . Less than an apple watch but we have Blood Pressure monitors that range from 50 to 100 materials, be a little higher because of the technology but very affordable to everybody. Liz what else does it do . Tells the time. Track your steps, distance walked, calories burned, it will monitor sleep and tell you sleep efficiency. Liz fat . Wont do body fat, but it will also do alerts, notifications, if you get a phone call, it will tell you, you have a phone is call just like any of the smart watches today. Liz it could save your life. It could save your life, if you are hypertensive, that is the first signal there is something wrong with your heart. Take care of it, the sooner you take care of it, the sooner you get healthy. Liz on the shelves soon, this year, we hope. Absolutely. Liz randy kellogg, omron and the technology is . Heart guide. Liz a home ecg, right . Home electrocardiogram thing . Yes. Liz thank you, one out of six people will suffer a stroke globally. Got to be careful with your heart. Eyeing team trumps wide range, and when we say wide range, pretty wide. With the closing bell ringing in 28 minutes and the dow now up 46, but thats not 303 where it has been higher. The president s economic advisers reveal growth estimates for the American Economy and not exactly where the president s growth promises were during the election campaign. They say it will be anywhere from 24 . So which is it . 2 gdp or 4 . Bob nardelli ran some of the Biggest Companies in the world, chrysler, home depot, Major Division of General Electric, could he have gotten away with such a wide range of estimates . Well ask him to hold accountable the numbers. Countdown will be right back. The things we do rising before dawn. Sweating it out. Tough to do it all. But we can always find time to listen to great thinkers and explorers whose stories take us places our hamstrings cant. All we have to do is listen. Download audible to start listening. Was a success for lastchoicehotels. Comign badda book. Badda boom. This year, were taking it up a notch. So in this commercial we see two travelers at a comfort inn with a glow around them, so people watching will be like, wow, maybe ill glow too if i book direct at choicehotels. Com. Who glows . Just say, badda book. Badda boom. Nobody glows. He gets it. Always the lowest price, guaranteed. Book now at choicehotels. Com for mom, the nations largest Senior Living referral service. For the past five years, ive spoken with hundreds of families and visited senior care communities around the country and ive got to tell you, todays Senior Livingnd communities are better than tever. Ou, todays Senior Living communities are better than ever. These days, there are amazing amenities like movie theaters, texercise rooms and swimmingg pools, public cafes, bars and, bistros. Exercise rooms and swimming pools, public cafes, bars and bistros. Even pet care services. And nobody understands your options like the advisors at a place for mom. These are local, expert advisors that will partner with you to find the Perfect Place and determine the right level of care. Whether thats just a helping hand or fulltime memory care. Best of all its a free service. Theres never any cost to you. Senior living has never been better. And theres never been an easier way to get great advice. Call today. A place for mom. You know your family. We know Senior Living. A place for mom. You know your family. We know Senior Living. Together well make the right choice. Liz breaking news, President Trump has just finished meeting with the trade Union Leaders, and according to the white house, because we didnt get cameras inside beyond just getting a shot. Leaders of millions of american trade Union Workers were in attendance and that the president asked them to call on congress to build upon the momentum of the tax cuts by fixing what he called the bad trade deals that shipped american jobs overseas and the president reiterated his promise to continue fighting for americas workers. Lets bring in a man who ran three Massive Companies running one Massive Company is enough but bob nardelli ran home depot, chrysler and a Huge Division of General Electric. Yes. Liz and private equity galore, you are unbelievable. Bob, hes meeting with Union Members and Union Leaders and thats certainly important. Hes talking about trade deals, but earlier his Economic Team came out and said heres our Growth Outlook from now until 2020, and then, beyond if the tax cuts remain in place. Yes. Liz and he said anywhere from 24 . Yep. Liz does that square with you . You know, talking to some of my recent colleagues, were confident its 2. 7 to 3 this year, liz. I think what you just talked about is Proof Positive that we have a much more business friendly administration. Liz yes. You got rollback in policy and regulations, the repatriation which is contributing significantly the tax collected off the repatriation. A big portion of the interest on this Years National debt. Youve got reinvestment back in your company. The overall Corporate Tax rate is going to allow a lot of jobs to come back, in his meeting with the Union Leadership is Proof Positive that he is really working to repatriate not only money but jobs. Liz why not come out and say 34 . Where is the 4 . And im just repeating what he promised on the campaign trail and at certain points, there are sound bites saying maybe higher than 4 . For sure we have to get 3 to continue to get the unemployment level and the unrecorded unemployment level back to where it needs to be, liz. You got to have 3 , you got to have that gdp. Liz why not . Is why im asking. You run the companies and you say to analysts, internal numbers, as we look at the dow turning negative, i want to let viewers know. That as you covered the company, anywhere from 24 , would that work . Thats a widespread, isnt it . Thats a big range. When youre talking about 2020, god knows what could happen, right . I think in my upbringing at General Electric with jack welch, one year would be solid, two years pretty solid, and three years is as far out as you go with all the extraneous things that could happen, global issues, political unrest, i think hes given himself some wiggle room. I think whats important is whats in front of us. What is going to happen in 2019 and so forth to. Go out five, six, seven years is a bit of a stretch. Liz especially when you factor in you gave a litany of positives, less regulation, the tax cuts. Yes. Liz higher Interest Rates coming, you could see it in the ten year right now. That is in part what spooked the markets that we have a 10year yield at 2. 94 . Havent seen that for years. Liz 4 1 2 years, now 2. 95. In one hour, we jumped and it may not look like a big jump but for people following the bond market, it is enough. Inflation possibility, the u. S. Dollar weakened. Yes. Liz slightly stronger today. Couple of other things, so youve got him restricting immigration, which is also something he promised. Just as more baby boomers leave the workforce. Yes. Liz thats a headwind if i have seen one. Yes, there are issues. Geopolitical issues we have to deal with. Its the black swan thing, what could go wrong and what are corporations doing to protect themselves against that to the degree that they can. And what we see is a lot of capital reinvestment. Commitment back to our employees and associates in the companies, in addition to a tax release, thousand dollar bonus checks go out which is going to stimulate. Housing, housing yearoveryear is down it is strong, but its down for the market. Liz and its down we have existing home sales for january fell 3. 2 . Yearoveryear what happened . Its inventory there. Isnt enough inventory. This is a good reason for a bad number. Lets looked at major home builders, pulte, et cetera. Liz home depot came out with great numbers. This number, u. S. Existing home sales would not spook you . It would not. You have two major modes within home depot. The maintenance mode during a recession. Unless its broken, dont fix it and the investment mode where people are investing and starting to get back to flipping their homes. Spending money on kitchens, spending money in bathrooms. Those are highticket dollar kinds of sales to enrich the home so they can flip and get the curb appeal and people moving in, theyre going to do the carpeting and all the other things. Home depot is solid, they had a fantastic quarter and a very strong year. Liz you air chameleon, its amazing how you are able to morph into different jobs and different companies, as we look at markets, bob, i dont know if you saw this. Session lows of down 43 points, that is a swing of 346 points within the last hour. When we come back, much more, were watching this market for you, its on the move. Volatility. Liz volatility. Volatility. Woo but im not standing still. And with godaddy, ive made my ideas real. I made my own way, now its time to make yours. Everything is working, just like it should going somewhere . Whoooo. Heres some advice. Tripadvisor now searches more. Than 200 booking sites to find the hotel you want and save you up to 30 . Trust this birds words. Tripadvisor. So i got an offer and now im thinking. Id like to retire early. Oh, thats great sarah. Lets talk about this when we meet next week. How did edward jones come to manage a trillion dollars in assets under care . Jay. Sarah. So i have a few thoughts on that early retirement. By focusing our mind on whatevers on yours. Liz gang, the breaking news that we have for you is we wanted to put this chart together for you, so you could see why at the top of the hour, we were up 300 points and then suddenly were not anymore for the dow, were down 15. How do you fumble that much . The yellow line is the dow industrials tanking just around 3 00 p. M. Eastern. I swear it wasnt me. The blue line is the spike in the tenyear treasury yield. After the Federal Reserve minutes but a good hour, thats whats weird, a good hour after we got the minutes. 2 00 p. M. Eastern from the latest fed meeting that didnt have anything that was so dramatic. It was actually good. Liz ira epstein said or Christopher Lowe our economist said this is basically what we saw three weeks ago, it was a good deal. We have the ten year hitting a fresh fouryear high, hitting fouryear highs of 2. 901, 2. 2. Now at 2. 95 for the 10year yield . Thats Something Else. Were watching it closely. The dow is heading back down, the low of the session is a loss of 43 points. Remember its been a 347point swing because we had been up 303 points. Okay special counsel bob mueller indicted 13 russian officials last week, you know that. Now it appears hes widening the scope of his investigation to more former members of president Donald Trumps campaign, specifically the campaign. Charlie gasparino has some news on this and the latest mueller target. We were the first to report and everybody is catching up. Fox business first reported this that his former campaign aide. Liz i know him. Scheduled to meet with muellers office tomorrow, going to d. C. With his attorney, and its an earlymorning meeting, and, whats interesting about this, i think, listen, we have a full writeup on foxbusiness. Com what this means, who sam nunnberg is, a Long Campaign aide, left in 2015 when it was disclosed he had incendiary racial facebook posts but still remained in the genre of trump. Hes given plenty of interviews, hes in all these books. Liz hes in the Michael Wolff book, and then, he just says stuff, meaning he kind of is one of these people, ask you him a question and he says what he says. Ive known sam for a long time. His attorney patrick did not return calls for comment. Hes a guy that will speak his mind, and if he knows something, hes not going to hold back. Liz hes not holding back. One of the things. Liz does he know anything, charlie . I dont know. He might know stuff that doesnt seem like much to us, but maybe something to put a little thing into muellers probe. One thing he can tell mueller is when exactly trump decided to run for office. They preceded when he wanted to run in 2015. Sam could tell him he was working with them in 2011 where he was seriously thinking of and grew increasingly serious over the years, so that could basically contradict trump on that. So who the hell knows what he could say . I will tell you, is loose cannon a right word . Liz hes not a loose cannon, hes loose lipped, maybe . If he knows something, hes an honest guy, and if he knows something, hes going to like hes going to blab it to these guys. Can you blab what the sources are saying on the market. Were now down 50. These are session lows. The market shot up on the fed stuff because basically the fed was indicating its not going to unwind the Balance Sheet that fast. And you get mildly higher Interest Rates causing this incredible puke that occurred. We erased over 300 points why. Is that . I believe the tax cuts are going to work, there are plenty of traders liz ira epstein says its the algos, the highfrequency traders. They push it, the etfs, that xas baits the movement. What you have is markets worried about deficits and higher not like a spike, an incredible spike in intrashths that will basically hurt the economy. Take money out of stocks into bonds and thats what you have right now. Thats really whats going on in the market. Its a debate about deficits and Interest Rates now. I just talked to bob nardelli who is pretty smart, he thinks its going to pay for itself. He thinks apple repatriation is a will help pay down the deficit. The markets arent convinced. Liz this is now a worse session low. This is bad. Look at that. Liz you guys see this . Down 50 and down 72 in two seconds. Were going to take a quick break. Come right back, a pretty wild final couple of minutes. Dont go away. Weve got to see how this ends. In this commercial break we are now down 121 points for the dow, i need to go right to the new york stock exchange, gerrim willis whats going on . Gerri wait a couple of minutes its all going to look different the dow down 117 points s p 500 down a third of a percentage here, were seeing a lot of trouble in the markets here let me tell you the dow losers walmart down 2. 5 , home depot down 1. 7, verizon down 1. 6, chevron, energy a big loser here 1. 6 . Ge struggling all week down 1. 4 , youll see Consumer Companies doing super bad right here and when you look at the s p 500 the companies down the most theyre energy companies, d evon energy, Newfield Energy down, chesapeake down, seeing that sector getting hit really hard as you see. Let me tell you this has been incredible volatility today everybody figuring out whats going on after that announcement from the fed at 2 00 p. M. Liz id have to say incredible volatility coming in the final hour and 40 minutes of trade, so were looking right now at whats going on, etfs president is in the chair right now you look at all kinds of different baskets of stocks this is strange were down 134 points in a very short period of time but the swing itself is now 440. Its become the new norm the last couple of weeks i think we had an eight year period where we had very very weak Monetary Policy and now we have a new fiscal policy and theres this big tug of war between monetary and fiscal policy and what thats causing people to do is to readjust their portfolio a little bit. Some of the earlier big swings were Program Trading and a lot of money tied to vix and certain strategies causing some of this acceleration but i think theres people trying to figure out which one wins out overtime so a little bit of a tug of war going on. Liz in fact as we look at the vix somebody can just give me a sense of what thats at right now because okay let me see. There it is, we see the cboe volatility now down four, when we started the show we were down 10, so weve come up off that fear, come up off of that complacency floor. Where would you be advising your clients to put their money at the moment . I think stay calm for now. Liz buying opportunity . I think theres lots of buying opportunities here particular when things get cheap and walmart is 10 or 11 or 12 cheaper than a couple days ago certainly a good name. We think its been a long bull market run so we are big trend followers at pacer ets, so we think that it makes sense that you Start Building the arc before it starts to rain so positioning your portfolio for the inevitable i dont know when its going to happen. Well have a bear market today, it maybe today, tomorrow or a year oh, tour or three up the road but build portfolios in anticipation so you dont get overly emotional when the real carnage happens. Liz here is the real bell in about three seconds and i need to tell our folks that the dow is now down 170 points, remember yesterday, we saw a lot of about 250 points, so take it in the aggregate not a great two days here but the bigger story is the volatility today, now after the bell. Well its volatility and whiplash, with these markets today and incredible look at this chart. Youve got stocks dropping in the final moments of trading, we had a huge spike in this afternoon and thats gone the dow had been up about 300 points now were closing down as liz just said off a session liz dow down 168, more than a 440 point swing today, incredible, s p 500 and nasdac just went negative as we got to those closing bells, hello, everybody. Im in for melissa francis. David but we have the answer good to see you all im david asman this is after the bell more on the big Market Movers but first her