What else could happen in this hour. Its a lie picture of trump tower. We just saw whos coming through Silicon Valley. In turn weve artie seen already seen the brexit vote. Plus in the the freezing cold and driving snow. What looks like a legal victory for them. Why are they not taking any chances. We could see the 19th record close of the year. Lets start the countdown. Were less than an hour from what could be history. We stopped getting excited after the 14th record has been two years since we saw this many record closes over the same. Of time has pulled back as 19,191. We are above the alltime closing level. Something could happen here. They spiked 15 dozen a barrel. Something is going on here. Its a big news for oil. And how about this. All of them are ruth reed join the rally. Its really focused on natural gas. After a lackluster performance big banks staging a major comeback. All are posting pretty decent gains here. Bank of america is up nearly 3 at the moment. At just three blocks north of here. To what may be about to have it. He might be able to make a decision the most important cabinet seat. Broadening his search for the right candidates. Trump is expected to meet tomorrow and that weve really seen it all. You see former Vice President al gore. He have an appointment to chat with trumps daughter. They crashed that meeting and participated. The man who called Climate Change a hoax. Theyre watching every moment of who is in and who is out. Theyre watching every moment of who is in and who is out. You never know whats can happen here at trump tower. You get what you saw here. They are taking a meeting with both. A transition aid telling us that this was just to be a meeting between rebecca trump and the former Vice President himself however afterwards gore came down from the golden escalators here he spoke with the president elect said that they have a meeting. As both a lengthy and very productive. The topic was indeed time issues. That not the only big meeting. He will be here tomorrow. They had thrust them self front and center. We were led to believe last week from the trump folks that this was narrowed down to four people. And its a latest to be put into the middle of this discussion. And by the way peter teal from Silicon Valley he made his way into trump tower is a little while ago. Not sure who he is with. He has been a trump backer. Your average monday. But what else. I need you to interrupt us if something happens. And thats why we have you there. Really kind of spreads out. To the markets we have just fumbled 70 points. Of 100 plus point gain for the dow jones industrial. Right now we can look at an intraday chart is still very much a record closing high. We need to close above 19,000. Were there. Couldve been a stumbling block did not materialize and that was italys vote regarding a popular referendum. And it wasnt popular. After dropping about 2 the main stock market it to rally backup as they ingested the news. Italys president has asked Prime Minister matteo wendy to delay his resignation until the budget passes by the parliament. Somewhat of an entry point. Because of all that. They are keeping an eye on the next catalyst. Scott rather they did not get it. There may be some stocks to buy. There really were. Why not buy a little bit of european exposure. I went out and bought some of those. Then on thursday. You might get that. There is a lot of risks with these kind of banks. Italy rallies you will see some depreciation and im also going with calls so that its premium paid. Its a catchup plate. Play. Its not a leading play. With the transport. Where do you see that next selloff where our viewers can get in. Slightly on the cheap. I think it is going to continue to pile in. They have it right. The markets have this right. I agree with that. In the stock market is down 9 . On a diplomatic blunder of what sort . Im looking at that and has less risk on the downside. Im not necessarily unnecessarily calling for a pullback. They have factored in all of this certainty. Im about to tell you guys when i might think about the next market selloff. We do had oil that has skyrocketed. About 55 a barrel. Tell me what tommy what you expect might be the next selloff. The energy sector. The whole increase in oil prices is because of the opec deal. But theres only limited refinery. They are using more refined products. I would go out to the big refiners. I think that would be the opportunity. It stems from donald trump taking the call from everybody freaking out about that. I dont think the call is the problem i think we could see from that what is known is that Taiwan Strait crisis. Number three was sparked back in the 90s. When bill Clintons Administration refused to allow the taiwan president simply to stay in hawaii overnight and that president was a president wasnt later was later invited to cornell to give a speech. Congress overruled the president shortly thereafter. We are gonna conduct missile. It was a Taiwan Strait crisis. It could launch may maybe a thousand stocks. The futures are actually coming off a little bit on friday. They were starting to come out. Im in the european rally kind of drowned out that noise. I think they have a few of those for now. It could turn into something a little bit bigger. Taking a call from a democracy but again these things tend to become located. Maybe you heard it there first. I had one i dont think a lot of people have paid attention to. The russians they were pivoted to the opec deal. And have a base of operations out of syria now. I cant believe no one is paying attention to whats going on in the middle east. Its really important stuff. Thank you very much for coming along. Were at an alltime closing high. We are there. The United Health group. As they argue that the humana merger violates the antitrust law. Its down about 3. 16. And after a water cannon the fight over the Dakota Access pipeline seems over for now with anti pipeline protesters because the Trump Administration dump more cold water on their victory with the swipe of a pen. They are in the midst of the slow and the drama. Generosity is its own form of power. You can handle being a mom for half an hour. Im in all the way. Is that understood . I dont know what shes up to, but its not good. Cant the world be my noodles and butter . Get your mind out of the gutter. Mornings are for coffee and contemplation. That was a really profound observation. You got a mean case of the detox blues. Dont start a war you know youre going to lose. Finally you can now find all of netflix in the same place as all your other entertainment. On xfinity x1. We need to get to this breaking news. We now have a live aerial shot of what is a completely burned out building where it doesnt lost their lives. Even the bars that held up the building are completely torched, left over letters. Art work that was in this warehouse. A tragic fire and we also have a new number on the dead. We are sorry to say it is now 36 confirmed dead after that consumed a dance party. This happened late friday night. They now say they had identified 11 of the dead although theyre not yet releasing the names. We do know a 17yearold along with the son of a sheriff deputy died. They had searched proximately 70 . Oaklands fire chief said that officials are examining the officials. As to how the fire have started. In the meantime chairman of the standing walk sue tribe now telling north dakota pipeline protesters they can go home. But theyre not. This is demonstrators. To deny Energy Transfer partnership a permit to allow it. Its almost done. But the final stretch was through sioux tribal lands. Denied supplies during weeks of designations that saw numerous arrests. It could potentially change that decision. Once he takes office. So we sent jeff who drove all night long to get to work county north dakota to be what is blizzard conditions to talk about that. Blizzard conditions right now. Its very difficult out here. Protesters making their way back from a march from the camp. Its difficult. You can see people behind me. Up to their knees almost in snow. Protesters making their way back. They marched to the bridge which is right where the construction takes place they did not confront them the Construction Company and workers thats because as you pointed out they had called a halt to the construction right now and they agreed not to push the case which they wouldve done if the have not been called. It is blizzard conditions with snow falling and working to get temperatures down to 0 degrees tonight and tomorrow. If it pans out to the other side there. You can to see how crazy this is. Just blowing and drifting snow. As you point out. They are not leaving. If they do believe they wont be able to get back in. They dont believe that the Trump Administration might turn it all back around. Theyre hopeful that they will agree to a reroute from this pipeline. They seem resigned that the fact that it will be built. They want it routed routed around their tribal lands here. It goes back behind. Give some be there with you. There are thousands here and some of them are here. These are Army Veterans here. It is a Credible Coalition of people. Its not just their people from all over. These guys are still working. Theyre not leaving. They talk about the workers. There was a rumor earlier which we have not been able to substantiate i will tell you with these kind of conditions i dont think that any work could realistically be done today at least. The closing bell with 36 minutes away. They tried to force change. The voters said we dont want your kind of change. Could it lead to historic change in italy. More than anyone is expected. On whether we are witnessing early signs of the eu crumbling. Count down to the closing bell. I use whats already inside me to reach my goals. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes. It should be used along with diet and exercise. 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Tell your doctor about all your medical conditions and any medicines you take. Taking trulicity with a sulfonylurea or insulin may increase your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite, and indigestion. Some side effects can lead to dehydration, which may cause kidney failure. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. Liz back me or sack me, said italys young and ambitious Prime Minister. But italys voters chose to sack matteo renzi, handing him a withering defeat. Last couple hours he offered his resignation. It has not been accepted yet. So while we wait to see how that plays out, italians fed up with the eyou you might be eu might be getting ready to say goodbye to the euro. This matters to your money. Italy is europes fourth largest economist. Joining us via skype in ireland the former u. S. Ambassador john bruton. He engineered the socalled celtic tiger economy. You have real chops here, sir. Thanks for joining us. Are we looking at this thing, those crazy italians changing their government for the 58,000th time . I have to ask what happened in italy concern our investor audience here in fox business . It does not short term. Italy has a longterm problem, their economy is growing too slowly. Their Government Debt is capable of being testified but it is too large. They have to restructure their banks but there is time to do all of those things. This would have been better if Prime Minister renzi was able to continue with a stable government. There will now be a period when a new government will have to be formed but his party has a working majority which will enable them to carry on until the election due in 18 months time. Liz what is the investor impact here for us . Lets say people dont even own a single italianbased stock or a company that does business with italy . Nothing very significant. There will be, if necessary, the European Central bank will intervene if yields on italian bonds get too high but i think that will be a temporary phenomenon. In the long run there are certain things that need to be done to stablize the euro, like introduction of a mutual deposit insurance across the eurozone. And some improvements in the enforcement of some of the rules but generally speaking i think theres nothing in the short term to worry about. Liz well, ambassador, you sound calm but you are more of what some people say is a traditionalist, as they call it an establishment politician back in the day people followed different rules. Italians are pretty frustrated at moment and you look at italy version of brexit, which is itleave. There is frexit for france. Czech out. Who is next . Is it italy . They may jettison if they cant keep the metrics up to eu standards . I dont think this was antiestablishment vote. What renzi wanted to do is promote change and some of the establishment figures like former Prime Ministers monty were against renzis proposal. The establishment was on both sides of this. I think the problem is low growth in italy. Theyre not growing enough to get their debts down to a sustainable level. They need to find ways of releasing the potential of the italian economy. There isnt enough internal competition in italy. A lot of oligopolies keep prices high. That doesnt allow italys economy to breathe. They cant devaluate more because theyre in the europe but liz can i interrupt, sir. Mateo wanted to streamline law making and boost competitiveness which would have neutralized some of those problems. They rejected that. I wonder are we about to see not the dissolution of the euro you but beginnings of a slight crumbling here as we see death by a thousand cuts . Greece hanging by a thread although trying to come back. Italy may not have the required levels you must have. Can you pay the dues to the club up the street . If you cant you cant be the member. The short answer is no, were not seeing that. What were seeing another political crisis in italy where an opportunity to speed up change has been passed for the timebeing. Perhaps eventually some of the people on the protest side have to take responsibility. When they take responsibility they will discover their protests thought they did at the time. Liz that is the way it goes, isnt it . Seemed like a good idea at time. Prime minister, wonderful have you. Thank you very much. Liz john bruton, former ambassador to ireland if you couldnt tell and former eu ambassador. We are at a lifetime record close level. Anything about 19,191. Were 19 now 209 now. Under armour sewing up Major League Deal with baseball. They will be mlbs official uniform provider. They are under armours first deal with a professional league. Investors love the deal. Under armour sold off. Now it is up 1 1 3 on Trading Volume of 3. 9 billion shares. Is donald trump looking to use what some call the bully pulpit to scare Companies Making their products overseas just to keep the home office alive . Is that the right way to make America Great again . Trumps latest attack have a milwaukeebased company in his sights. Wisconsin manufacturers kurt bauer, he is liaison between wisconsin and all the manufacturing companies. He will tell us if things are optimistic or downright terrifying. Countdown comes right back. Which allergy . Eees. Bees . Eese. Trees . Eese. Xerox helps hospitals use Electronic Health records so doctors provide more personalized care. Cheese . Cheese xerox healthcare services. Soon to be conduent. Thats it. How was your commute . Good. Yours . Good. Xerox real time analytics make transit systems run more smoothly. And morning chitchat. 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Liz president elect donald trump has made one point perfectly clear. If a u. S. Based Company Plans to move operations from the United States to any different nation, they will be punished. The president elect has now set his sights on a company you may not have heard of, rexnord. This is milwaukeebased plant that makes ball bearings, they plan to move to monterey, not california, but mexico. They are moving to mexico, rather viciously firing all of its 300 workers this is happening all over our country. No more. But we need to tell you rex nord with 7200 employees but 4700 in the u. S. , theyre pretty small. What about these wisconsinbased companies . Manpower group, kohls, oshkosh corporation, rockwell, joy global, they have massive operations in the United States and overseas. Lets bring in the man who is the conduit for Wisconsin Companies. Kurt bauer, ceo of Wisconsin Manufacturers and commerce. Welcome back to the program, kurt. We appreciate you being here. Thanks for having me, liz. Liz a lot of people are calling this a shakedown of donald trump. Some calling it shaming, forcing companies, requiring companies, scaring companies into this. How do you see this . These Companies Including rex nord do a lot of business oversees already . I am not sure what the president elect is doing but there is tremendous amount optimism in the wisconsin and nationwide. They are positive about the Trump Presidency means for taxes, regulation, reforming health characteristics, a huge cost of doing business and tapping domestic energy. There is reason to be optimistic if youre a manufacturer in the state of wisconsin and elsewhere. It runs through all of the other sectors in the economy. All the businesses that you mentioned are doing well in wisconsin. We have a strong Business Climate thanks to governor walker. Now donald trump needs to copy walker and he needs to address those major costs of doing business that have spiked over the last eight years. Now we need to be competitive with the rest of the globe. Liz would you feel the same way, that you do now, if he turns his sights on say manpower . Manpower, i dont know, has 29 different offices in 80 countries. We can show you through some of these. We can show you your states biggest companies, shining examples of manufacturing and corporations do. There is kohls for example, 10 billion company, mostly u. S. Based. It buy as lot of from asia. Oshkosh interests me the most. Military and Fire Equipment trucks. I think they make scissor lifts too. 12,000 people around the globe, okay, they have got a lot of offices. They have got operations in australia, belgium, china, france, romania, canada, rockwell, worldwide from bay rain to botswana. These Wisconsin Companies have major operations. Im beginning to wonder, what if he turns on oshkosh be how can you move 150 employees to, for example, theyre in china, france, canada, to romania, cheaper there and we can sell our products and keep employees we do have in wisconsin still employed . Well, what i would tell president elect trump is that if he focuses on reducing the Corporate Tax rate, which as you know is the highest in the industrialized world, therefore the least competitive in the industrialized world, 2 trillion is what the american Competitive Enterprise Institute says it costs to comply with u. S. Regulations. The Affordable Care act, the fact that we havent been tapping into our energy, these are all important things. Those are major costs of doing business. If we can address those, if we lower those, no reason to bring, to move jobs overseas. Frankly we have an opportunity to reshore but there is one aspect that is important at least workforce. In wisconsin we have workforce shortage. 70 of members tell me they are having trouble finding workers, to maximize opportunities well need skilled and willing workers. Liz i know you have written a oped very complimentary of donald trump and about to go into the milwaukee sentinel newspaper. Some of these things you had written before he began to turn his sights on rexnord. They are trying to stay in business. They have dropping sales, rising labor costs. Perhaps youre going to change some of your oped or no . No. Because i was critical of president elect trump on the immigration issue, that i just referenced, workforce Immigration Reform needs to be part of it. H1b visas we need highly skilled workers to come over here. They come to workers and colleges, gives them advanced degrees, best training in the world and tell them they have to go back home to compete against its. We need common sense reform there. We need entitlement reform and need to worry about the 20 trillion national debt. And, so i wasnt, you know, i offered pros and cons. I think by and large there is more positives about a Trump Administration. That is what is reflected in my membership. 78 tell us they are optimistic or very optimistic about what a Trump Presidency means to their business and prospects in the u. S. Economy. Liz maybe well see more umbrella policy less specific and targeted to Certain Companies and that may be helpful. Kurt, thank you very much. Thank you, liz. Liz kurt bauer, Wisconsin Manufacturers and commerce ceo. We have breaking news we need to toll you about. A South CarolinaPolice Officer, was on trial and charged with the murder of shooting that unarmed black motorist, he, this jury has just declared a mistrial, on a verdict for michael slager. They could unanimously agree on the verdict for the Police Officer. Jurors were told they could consider a lesser verdict of involuntary manslaughter. He was charged with shooting walter scott. This man was stopped for broken taillight. Cell phone video, taken by a bystander, all over the media. Race was never made a issue with the trial. Scott is black, the Police Officer is white. They look at it simply the facts over this, right now there has been a mistrial declared in charleston, South Carolina, closing bell, were 14 minutes away. Donald trumps attack on outsourcing, bringing up other questions like is the president elect breaking the law . Could he be manipulating the stock price of some of the companies he has attacked, or could attack in the future . Listen, just questions. But Charlie Gasparino has heard these questions, so he digging into it. He is breaking it down next on countdown. If youre on medicare, remember, the open Enrollment Period is here. The time to choose your Medicare Coverage begins october 15th and ends december 7th. So call unitedhealthcare to enroll. 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In fact, our Medicare Advantage plan members saved an average of over 4,500 last year. Now is the time to look at your options. Start getting the benefits of an aarp medicarecomplete plan insured through unitedhealthcare. Unitedhealthcare has been helping Medicare Beneficiaries for over 30 years. Well connect you with the right people, help schedule your appointments, and with renew by unitedhealthcare, you can learn about Healthy Living and earn rewards, too. Remember, medicare open enrollment ends december 7th. Call unitedhealthcare today about an aarp medicarecomplete plan. You can even enroll right over the phone. Dont wait. Call unitedhealthcare or go online now. Liz so as we were talking about rexnord, we need to look at the markets. Dow jones industrials, that is and will be if we hold for the next nine minutes, the 19th record close up 2016. But when you look at rexnord. It is not coming up with markets. It is falling after president lex donald trump took a swipe at it specifically. This is u. S. Manufacturer. He put rexnord front and center for the plan to move one of its factories from indiana to mexico. Legal experts, says this is possibility, we stress could be a form of market manipulation. Tell you why i disagree with this but you go ahead. Well, listen, he took 73 million of market cap off the company by tweeting out about a specific company, if you go to mexico, im paraphrasing well hit you with tariffs and blah, blah, make your life miserable. Guess what the stock went down. Liz it is down now significantly. He did this over the weekend. I asked legal experts, could this be a form of market manipulation . In order to get a political, get something politically done, that you actually target a company and attack its shareholders, essentially, wipe, extorting a decision out of them for your political gains, via your tweets which could destroy the stock or hurt the stock . And i will say, based on the legal experts we spoke with, john coffey, we spoke with stanly arkin, this is a gray area. Clearly extorting, using your ability to move the markets whether youre the president elect or average person to achieve a political gain, you know, falls into a possibility that you are manipulating the stock. Liz dont you have to have a position in the company to be charged with that . Not necessarily. If you know your tweet can move the stock and you have the power to move the stock and using your power to move the stock to achieve some other private gain, whether it is political, its gray according to these guys. Here is the difference when youre a president. When youre a president , not president elect, you have something called, qualified immunity. Basically according to the courts they cant sue you if youre president. However he is not president until january 20th. So theoretically he could be sued by shareholders. Sec could be take issue with some of the stuff. That is theory. Liz how much money was knocked off the market cap in blink of an eye . 73 million. Liz because he tweeted yesterday this company is next and im coming after you. You have to prove intent, you have to looking knock down price of the stock, looking to go after it. It is not cut and dry. Listen they have gone after people in this vein for less. Not like he went after an industry. He went after one company. What he is trying to do, you the company, if you do something i dont like, by the way they should not be giving me the, the wrap sign right now. If they do something we dont like, im going to take, im going to take tens of millions of dollars off your market cap, that generally is a problem for regulators. Liz you saw United Technologies bend before it broke with carrier. Yes. But remember, he didnt go after them first. He didnt knock down their stock 73 million, lets go to the drawing board. You brought up the case whether it is issue with the, if someone was sitting in the room and started that is the problem here. Suppose somebody in trump tower is in the room saying i will tweet something out about these guys, he shorts the stock. Liz were about to be cut off. Cut me off. I was told i had more than 30 section to speak. Liz we have hard break. Liz we last the next two minutes. Michael binger of Gradient Investments is digging through the bargain bin to hunt down stock jewels. Quick, how long can the bull run last though . This recent postelection rally is getting a little tired. We saw titanic shift from low volatility to high beta stocks from staples and utilities and those sectors to energy and financials. So i think weve seen a 10 to 15 rally in these sectors. It is tired now. Look for the next few weeks, that we have this year if we paused and digest this move. Liz youre saying telecom, ive been looking saying that is a yesterday trade. You say at t and verizon are today now trade. Why . You dont get opportunities like this very often. In this recent high beta move these stocks have been left in the dust. They still have dividend yields twice what the 10year treasury is, even after it moved up substantially. I think these two are bargains. If you look at reit sector. There are a lot of bargains there. Bluechips like simon property, Omega Health Investors you can pick those up as a steal. Liz you have to really hunt. Give me one thing for looking for a Bargain Basement buy. I look for a bluechip stock. I looked when the market moves blue chip down. More macro reasons and fundamental reasons. When i get a Good Opportunity to step into bluechips at discount price with a good yield that is the time you take a shot at it. [closing bell rings] liz that you have so much, michael bigger. Blue man group banging their heads around for alltime record close for the nasdaq and dow. Connell and melissa. Melissa if youre in stocks making money today. Another record day on wall street as the trump rally continues. Dow closing at brand new alltime high. S p 500 just shy after new record. Im melissa francis. Connell mcshane is still here. You cant get rid of me. David asman is back later in the week. First here is what else we have at this hour