Tour of the dreamliner 787, a passenger jet built in america by americans, his take no prisoners management style jumped out as he revealed something that no doubt has two Aerospace Giants in a vicious competitive battle for the governments business. Were getting henry revel on the horn of a jet stealth slugfest. The president s surprise News Conference yesterday filled with headlines. Most notably for the markets. Blake burman at the white house whether the markets will run out of patience waiting on the tax plan. On wall street, nothing patient about the nasdaq. It is on pace for a record close again as the markets head into a Holiday Weekend with gains for the week. Lets start the countdown. Were less than an hour to the closing bell this friday. Liz breaking news, japans softbank which owns sprint is saying its prepared to give up control of the Wireless Company to force a merger with tmobile. Reuters is reporting that sprint is willing to do this to retain Minority Stake in the merged companies. Both of the companies are jumping at the moment. Sprint moving higher 3. 5 . Tmobile 4 . Softbank is run by masayoshi son, he promised to bring thousands of jobs to the u. S. After meeting with President Trump. As you look at shares, stay on the story, keep our eye on it, there could be a merger between two serious rivals. Speaking of mergers. Your ben jerrys with a side of heinz ketchup not something you want to eat and unilever either. The consumer giant says no thanks to 143 billion takeover from kraft heinz claiming it undervalues the firm. The offer amounts to 50 bucks a share. Right now unilever is not there, 47. 96 that gives credence to unilever saying forget it. You need to come up on that. Kraft is saying in a statement it looks forward to coming to terms on the deal. Kraft heinz doing nicely, the biggest leader in the s p 500, up nearly 10 with unilever up 12 . Broader markets, mixed picture with the nasdaq jumping ahd but all three major indices on track for a gain of 1 for the week. Breaking right now, as we showed you, President Trump departing charleston, South Carolina after touring boeing. The president currently en route to palm beach where in just over 24 hours hell be holding a rally, kicking it back to campaignstyle trump. Kristen fisher is ahead of him, standing by in West Palm Beach florida with the latest. Kristen . Reporter hey there, liz, this brought together trumps top priorities, jobs, trade, taxes, less on imports and more on products that remain here in the United States, and what could be a better backdrop than boeings brand new 787 dreamliner. He told the workers that were gathered there, i will not disappoint you and you have a level Playing Field again. He had a message for american businesses, he said there will be a substantial penalty for companies who try to ship jobs overseas but hes going to try to help the companies out by lowering taxes and reducing what he describes as job killing regulations. Now at that boeing event today, you had a return to President Trump a return to candidate trump. You had the boeing event today. The epic press conference yesterday, and the big rally, billed as Campaign Rally in melbourne, florida, about two hours north of here, tomorrow morning, and you know these huge rallies were a hallmark of his campaign. We saw some of them, a little taste of it during the thank you tours during the transition. This will be his first big rally as president of the United States. Listen to how he characterized this trip yesterday during that press conference. Ill be in melbourne, florida, 5 00 on saturday, and i just heard that the crowds are massive want that to be there. Reporter and were expecting thousands of people to be there at that hangar in melbourne, florida. And after that, President Trump is going to be returning to winter white house, maralago. His third consecutive weekend spent at maralago, and one of the main things he is likely going to be doing this weekend is meeting with potential candidates to replace Michael Flynn for National Security adviser. And our john roberts spoke with a Senior Administration official and here are the candidates that are believed to be on the top of that short list. Youve got Lieutenant General keith kellogg, general david petraeus, general alexander general mcmaster. Just because we are here in beautiful florida. This is not a vacation, this say working weekend. Liz yes, as it appears most of the weekends have been. Kristen fisher, thank you very much. The Aerospace World was watching and listening and sat bolt upright when President Trump complaining about the exorbitant cost of fighter jets stood before the boeing passenger jet and dropped quite the verbal missile, listen. We are going to fully rebuild our military, by the way, do you care if we use the f18 Super Hornets . What do you think . [ applause ] well, thought that was a super hornet. [laughter] we are looking seriously at a big order. Liz okay, let us read between the lines there. Competitor Lockheed Martin currently has the military contract for the stealth f35 fighter jet, but what you just saw may start a huge competition for boeings super hornet to muscle in. Boeing getting the trump bounce on that. Up about a percent at the moment. It is by the way the biggest mover on the dow industrials today and hitting record high of 172. 35. For its part, Lockheed Martin is pulling back just a bit. Let us bring in howard rebel one of the Top Aerospace and Electronics Analysts and he joins us on the phone. Okay, howard, after that, a reporter was able to grab President Trump and ask him again to clarify. I want to play that for you. You got to listen closely because the microphone wasnt close. Again, he made it look like he was going to make the companies duke it out. Listen and well talk. Reporter [inaudible] negotiate. Never heard that said by a politician, the price is too high but were negotiating. Liz okay, there we have it. You have to tell me what you make of this . Is this the donald trump management style tloelg up a piece of meat and watching two competitors go after it . Its been an american tradition that theres competition in the fighter market, and the way things are going to play out, we are going to see a need for both f18s and f35s. Liz youre saying there is room for both. He did specifically say were looking at a big order of f18, thats the super hornet. Right now, youve got Lockheed Martin, the larger in order place for the f35, but it did sound, howard, hes been very unhappy with the highpriced cost overruns of the f35, that this almost puts them on notice. The point is you always want to have more than one fighter solution. The f18 for the navy is the right answer and, in fact, its been the right answer for the Electronic Warfare capability of the u. S. Military. It would not make sense to give that to a Stealth Fighter. Liz yeah, lets not sound naive here. We understand there are two very different components to both the jets, they are stealthily, but the f35 does one thing, the f18 does another. They have a different way of landing on aircraft carriers, et cetera. The chinese and the russians are working to develop low frequency that would track stealth jets does, one evade other the best you understand . The reality is stealth isnt what its cracked up to be. If you look at the range in payload, the f18 beats the f35 hands down. Liz howard, if you had to pick between the two stocks, Lockheed Martin and boeing, is there one that goes ahead . Weve had lockheed outperforming boeing over the past year. We had lockheed as a buy and boeing as a hold, and weve been very clear that weve had some concerns about the f35. So i would say, what the president is saying is reinforcing our point of view. Liz very interesting, were calling it the Stealth Fighter slugfest. Howard, we appreciate you getting on the phone with us. Thank you. Liz any time. Short at your own peril. That is the tough lesson one fund learned after losing a stunning 600 million putting bearish bets on the market. Folks its the topic du jour, catalyst hedge future strategy plunged 5 after bearish bets were undone by the s p 500s stubborn and repetitive run to fresh cords. This is a tough market to navigate. How do you invest your money without landing on a land mine. Right to the floor show, tim anderson, look, it happens to the best of funds, but certainly this fund kept thinking that the donald trump buy was going to fall out and it hasnt yet. No, it hasnt yet, though some people may start to be concerned about valuation levels of the market, theres no doubt that the technical underpinnings much the market are still very, very solid and improving almost every week. Were going to the fourth consecutive week of weekly alltime highs for the nasdaq and s p and have a weekly alltime high, three of the last four weeks for the dow jones. Theres no doubt we may get a pullback at any point in time. Have a little pause, a consolidation, seeing a little of that the last couple of days, but the technical strength underneath the market remains solid. Liz chris, smart investors always ask, okay, what could go wrong . Anticipate that. And does the pressure, the longer we go without a modest correction, were down 38 points for the dow. The longer we go does the pressure build up on the San Andreas Fault and you have a earthquake . Yeah, as we move without a correction, more and more people will continue to try and make these bets and they lose money. They reload, reload. The correction will come when so many people are tired of selling it. They dont have the hedge or short on, then theyll get a move. Typically anything less than 5 is considered noise. 5 with the dow at 20,000 is a thousand points. We could have a big move and still have it not be that significant percentagewise. Liz were going into a Holiday Weekend, jeff. A lot of people drive. Ill be driving. Driving to the great state of vermont. Boy, gasoline is cheaper again today. U. S. Consumption is down, and were looking right now at storage levels for gasoline, the highest glut in 27 years. So maybe if were talking about short at your own peril. That might be the place to short. Im not with you on that, to tell you the truth. Im friendly to the market. Its been a buy on dips for the last several monthses a well know. Liz worst glut in 27 years and youre still in this . No, no, no, im just at this point, put it this way, theres a lot of talk. Youre with the majority here, but i still think this market has a little bit more on the upside. The high 50s is feasible within the next month or two. Granted to speak about the stock market like you were before, it always happens, whenever everyone gives up on selling something, thats when the move will happen. If you wanted to load up on cheap s p puts down the road, you might get a nice reward in the next couple of weeks. Liz i hope all of you drive carefully wherever you are going. Thank you for joining us on a friday. Tim, chris and jeff. Thanks a lot. Liz any time. Closing bell, 46 minutes away. United health is turning out to be the biggest drag on the dow 30 after this news. Department of justice suing it for overcharging medicare. Yes, apparently there is a whistle blower from inside the company that says United Health has defrauded medicare, they ardefending themselves but the stock has been up over 42 the last year. Today it is down. And verizon jumping. Verizon is the one telecom that everybody is watching along with, look, tmobile and sprint and that breaking news. Were going to see if this part of a merger maybe weakens. Were watching that and more. Campbells soup, they need to eat their carrots, it was carrots killing their quarterly sales. The worlds biggest soup maker brought down partly by a premature carrot harvest. Campbells fresh food business down 8 . Biggest intraday percentage loss in eight years. Down 6. 5 right at this very second. Thats a loss of four bucks. Up next, former fbi chair sheila baer telling me she thinks doddfrank did go too far. Shell tell you which areas needlessly hurt the small bankers . Weve got the medium small banker with his pulse on washington and the entire sector. Scott shea from signature bank, its a fox business exclusive. Hes coming up next on countdown. Just like the people who own them, every business is different. But every one of those businesses will need legal help as they age and grow. Whether it be with customer contracts, agreements to lease a space or protecting your work. Legalzooms network of attorneys can help you, every step of the way. So you can focus on what you do and well handle the legal stuff that comes up along the way. Legalzoom. Legal help is here. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. I do think simplification could ease reg burden on the Smaller Banks which were not drivers of the crisis to begin with, and at the same time make the rules more effective. Liz thats former fdic chair sheila bair on wall street week tonight at 8 00 p. M. Eastern, i am hosting with Gary Kaminsky. Shes fine with removing some of that load off the small and regional and Community Banks of the onerous rules. Lets see what the chairman of midsize Bank Signature bank says. You guys got swept up into this regulatory nightmare as well, did you not . We did, and especially being a midsize bank, many of the rules that were applicable to jpmorgan and citibank were thrown upon us. Liz which is really ridiculous. Its funny, the road to hell is paved with good intentions, doddfrank intentions were lets never have the crisis happen again. With one size fits all, you were swept in and ensnared. Whats the worst part of the ensnarement . First of all, everybody involved in crafting doddfrank, all the democrats in the house and the senate side as well, thought there would be a second bite at the apple. They knew there were mistakes and thought they would fix it. What happened was senator kennedy passed away and the law became fossilized. No changes could be made. Nobody in the world thought that a 50 billion bank ought to be regulated with the burdensome regulations with the International Bank like a jpmorgan. Liz be clear, 50 billion for viewers, once the bank hits that, you are considered systemically possibly dangerous, you are held to bigger rules. I can only imagine that disincentivizes you to grow your bank to something bigger because you dont want to hit the threshold. Tell me, you just came from washington, d. C. Yesterday. Donald trump would like to help get rid of some of these regulations, how hopeful are you after talking to people, and i understand you got to talk to his big economics guy gary cohn. I would say the Trump Administration is supportive of lowering the barriers. They recognize that it doesnt make any sense to have midsize banks like ourselves not be able to make loans to small and medium size business. Were a 40 billion bank about but our average loan size is 5 million. Were lending money to job creators, not doing multibillion Dollar International facility. I think its important, and i think the administration, and i think theres a bipartisan consensus, i dont think its even a republican or democratic divide anymore that we need to make midsize banks able to lend. Liz right, as i understand it, some had asked for 500 billion being the threshold but the democrats would be okay with 200 billion or republicans, vice versa. Liz theres a great deal of debate what the number is. I would say everybody on all sides of the aisle would agree with 125. Liz youre happy that President Trump is shining the spotlight on this and it will help you, and heres why it matters, folks, these guys, the small banks, the midsize, the communities, youre lending to the small businesses, to the farmers, right . We dont lend to a lot of farmers being in midtown manhattan. Liz your compatriots to first time homebuyers . Yes. Liz how much are you lending . Our small and medium size lending has grown by hundreds of millions of dollars a quarter. But the issue is, again, what happens when banks hit the 50 billion . If youre a big bank, youre thrilled that theres a 50 billion dollar barrier because you removed us as competition. The best thing that happened to big banks and doddfrank is saying a 50 billion bank like ourselves were a 40 billion bank. Were not systemic to the fourblock radius where were sitting. Liz barney frank of doddfrank sits on your board. Are you mad at him . Why am i mad at him . Barney frank is one of the smartest guys youd ever want to meet. Liz they didnt get this right. They thought there was going to be an opportunity to do fixes and that never happened. Liz well, listen, thank you very much. Good to see you, scott shea of signature bank. See if we get movement out of the administration. Looks like so far, please make sure to watch wall street week, Gary Kaminsky and i, not only speaking with sheila bair at 8 00 p. M. Eastern, weve got two brilliant stock pickers you have to hear where they say you should be putting your money now . Closing bell 36 minutes away, we are right now with blake burman, hes responsible once again for breaking major news at the white house, and no, not because his question to the president icited the ranting and raving response. It was the time line on taxes versus obamacare that was the real news. No fake news here. Blake burman live from the white house when the countdown to the closing bell comes right back. Great panther silver produced approximately 4 million ounces of silver last year at their 2 mexican mines. Their recent mine acquisition in peru, once fully operational, stands to increase their production up to 75 percent. Great panther silver liz we have news that might senator Mitch Mcconnell revealed that he and republicans will move ahead with reforming the u. S. Tax system and obamacare, whether democrats want to help or not. Listen. It is clear in the early months it is going to be republicansonly exercise. We dont expect any democrat cooperation on rment of obamacare and dont expect any democratic cooperation on tax reform. Liz except that lawmakers are heading out on vacation next week. They will not return to captoll hill until the following week. Blake burman standing by outside of the white house what he is learning with plans to get tax reform done. When you hear what he said about this. Of course obamacare, sounds like theyre ready with a timeline . Reporter the timeline is very clear, whether you talk to folks at the white hoist or capitol hill. The legislatively this has to work to simplify at at basic point, that obamacare has to get done first. At some point later this year they will get the tax reform package, some of it or all of it that President Trump will roll out next couple weeks at that point. With obama care, the big question, do they repeal and he replace all at once and repeal now and put the whole replacement package some point down the line . As you heard Mitch Mcconnell, for democrats it is wait and see moments at this point. Take a listen to kathleen sebelius, former health and Human Services secretary under president obama. She appeared earlier on mornings with maria. Im interested in seeing what it is that the republicans in the house put forward, how it is scored by the cbo, and what it does to 20 Million People who have Health Insurance now that they rely on and count on. I think that is the question. Reporter liz, when you talk about tax reform, once you get past obamacare, the questions are this, how much of President Trumps plan gets in there . How much of House Republicans plans get in there . One source i was talking on the hill, they believe there is 80 similarities but something will have to give. Congressman kevin brady who chairs the house ways and means committee, pushing the border adjustment tax, not sure if that is in or out. He spoke on Fox Business Network on after the bell. It is the issue of equal taxation and under our plan for the first time, there are not tax breaks for foreign products over made in america products. Well lift our taxes off made in america products so they compete around the world on level Playing Field. This is how our competitors beat the heck out of our workers. Reporter so liz, lots of details clearly to work out. When you get into the timeline of this as President Trump said yesterday in response to our question, obamacare first, tax reform second, hoping to get both done this year. Liz well either way we just lopped six points off the losses, blake. Why not take credit. Its a friday. Were looking at slightly better than we were just as blake started this report, that says that the republicans are going to go ahead with tax reform with or without the democrats. By the way, air rce one just having landed from charleston. The president coming off a very solid speech at boeing, in charleston, where he said he wanted, he wanted planes made by americans in america but more importantly, what jumped out to us as business network, he threw undo the gauntlet what appears to be a Stealth Fighter jet slugfest between Lockheed Martin and boeing. He unprompted brought up the f18 made by boeing as he stood before a boeing passenger jet having nothing to do with the military jet. Weve been watching that. In fact i am checking the stocks at the moment. Lockheed martin is down. And we do have boeing higher. We are pretty much right at the highs of the session for the markets even though were down about 29 points. Well be right back with much more. Good afternoon. Im lori rothman live on the floor of the New York Stock Exchange with this fox business brief. First lets look at samsung looking to avoid a disasterous recall. So theyre adding a third battery supplier to the flagship smartphone, galaxy s 8. They will use lithiumion packets from unit of sony along with long time suppliers. Leaving a foul taste on investors tongs, dine equities plunged 10 . Ceo will resign effective march 1st. Lead Board Director richard doll will replacement for a replacement. Search for replacement of roll of National Security advisor continues. What National Security issues for trump to tackle . Liz claman tackles that issue next. vo if you have type 2 diabetes, you maknow what s like to deal with high. And low blood sugar. Januvia sitagliptin is a oncedaily pill that, along with diet and exercise, helps lower blood sugar. Januvia works when your blood sugar is high and works less when your blood sugar is low, because it works by enhancing your bodys own ability to lower blood sugar. Plus januvia, by itself, is not likely to cause weight gain or low blood sugar hypoglycemia . Januvia should not be used in patients with type 1 diabetes or diabetic ketoacidosis. Tell your doctor if you have a history of pancreatitis. Serious side effects can happen, including pancreatitis which may be severe and lead to death. Stop taking januvia and call your doctor right away if you have severe pain in your stomach area which may be pancreatitis. Tell your doctor right away and stop taking januvia if you have an allergic reaction that causes swelling of the face, lips, tongue, or throat, or affects your breathing or causes rash or hives. Kidney problems sometimes requiring dialysis have been reported. Some people may develop severe joint pain. Call your doctor if this happens. Using januvia with a sulfonylurea or insulin may cause low blood sugar. To reduce the risk, your doctor may prescribe a lower dose of the sulfonylurea or insulin. Your doctor may do blood tests before and during treatment to check your kidneys. If you have kidney problems a lower dose may be prescribed. Side effects may include upper respiratory tract infection, stuffy or runny nose, sore throat, and headache. For help lowering your blood sugar talk to your doctor about januvia. Liz wheels down. President trump arrived at Palm Beach International airport in florida. As we await his exit from air force one, he will be spending the weekend in the sunshine state, heading to his state maralago, ahead of tomorrows campaignstyle rally in orlando. We will keep the shot up and keep dipping back into it but fox news is reporting that the president possibly this weekend could meet with some new contenders for National Security advisor in that position. He could be doing that this weekend. Were putting up on the screen the names we hear may be among them. We have general joseph keith kellogg. He is currently acting secretary. General david petraeus, former cia. Keith alexander, former nsa. Lt. General mcmaster, u. S. Army and stephen hadley, former National Security advisor. Those are the ones in play. John hannah, National Security advisor for the middle east for Vice President cheney. Sir, any one of those youre willing to stick your neck out on say they have got the lead . No, i cant. They all bring unique advantages to the table. I worked with several he have them. Steve hadley, i worked with the bush administration, and he like Brent Scowcroft is the model how you want your National Security advisor to operate that system to make sure the president gets the very best advice and options possible. Liz you know youre looking at a couple of days in the past. General flynn had to quickly resign and mishandling information an not talking to Vice President pence the way donald tru ft was commensurate for his position. They offered the job to john harward. He has handpicked and no way, he said he didnt want it. How important to name somebody sooner rather than later, so it appears the administration has it all together . I think it is extreme ily important. This needs to be done as soon as possible. Yesterday, in fact. Because the president assemble an i had veriably valuable cabinet. There is so much gravitas there and they need a system in place to draw on the advice in a very systemic way because we are facing so many challenges, in terms of global rivals like china and russia to the immediate threats in north korea, iran, isis, radical islamic terrorism. We need to getthis process fully staffed up and running so the president gets very best team in place that he can. Liz as he has just gotten off of air force one, im glad you brought up all of those issues that are on the plate. We havent even talked about the boko haram and all of that nightmare what is going on in nigeria, but it is important i think when you talk about the gravitas, Rex Tillerson, who is of course the secretary of state, he has been at the g20 meeting in bonn, germany. This was his first moment to meet with Sergey Lavrov the foreign minister of russia and people are talking how that was a little bit awkward. You can almost understand why because Rex Tillerson does not have the people that he wanted, at least at the moment, underneath him, beneath him. So how important is that, that the person who gets these positions is able to bring in their own team . Oh, it is absolutely key, liz. Youre right, the secretary right now is basically home alone, other than a few close personal aides. So i think it is absolutely essential that he and the president , because these people ll be the loyalists to the president who will wake up every day thinking about implementing his foreign policy, not their own. So its key that he get those people in place. Let me just say that i worked with Rex Tillerson for, i was exposed to him for several hours during the transition, he may be lowkey and understated but he is real deal, a. Jenna win with real deep knowledge and going toetotoe with some. Leaders in the world and including vladmir putin. Quite successfully. I. Liz everyone on the same page, you had Rex Tillerson saying u. S. Will work with russia when mutually beneficial. General mattis secretary of defense say, outright rejecting any collaboration with russia on military issues, and then on top of all of that you continue to have a few questions about nato, secretary of defense mattis saying we will stand with our nato partners. Mike pence is in europe and he is going to apparently reassure jittery europe. You also have others saying come on, start paying more for your defense or maybe were going to retreat a bit on nato. Right. I dont think those messages are necessarily inconsistent, liz. It all points toed need to get this very systemic where these guys from different agencies are getting together on weekly basis to coordinate not only strategy and policy options but messages that were delivering to the world. When you get beyond all the turmoil of the past month look what the president has done, done a remarkably good job. The theme here he is tending to these Critical Alliance relationships, whether it is with great britain, japan, canada, israel. Now the Vice President going to europe to meet with europes most important leader Angela Merkel and to reaffirm the Transatlantic Alliance with a lot of very skiddish nato partners. So there is very positive movement here. Liz why it is dismaying to some when he has so many good things to discuss, the Justin Trudeau meeting with canada, what is going on with israel, and all of him with the union members. There are great narratives and gets a little bit derailed after a News Conference yesterday where the fake news loop continues. John, thank you for your perspective. Thank you, liz. Liz john hannah, foundation for defense of democracies senior counselor. Closing bell 15 minutes away, speaking of fake news, that is real that the dow is down 25. That is actually the best levels of the day. President trump attacking one prominent member of the cable news community. That is only one way cnn is under fire from the center of d. C. Power. Charlie gasparino is coming down right now to talk about how the white house is actually turning up the heat. Charlie is about to break it next. Next on countdown. This is judy. Judy is 63 years old. Her mortgage payment is 728 a month. Thats almost 9 thousand dollars a year. Now judy doesnt think that shell be able to retire until her mortgage is fully paid off. This is mike. Mike is also 63 years old. His mortgage payment was 728 a month. Mike thought he would have to work for another 12 years until his mortgage was paid off. And then mike heard about a reverse mortgage and how that might help him. He called one reverse mortgage to get the details. Mike retired immediately after getting his one reverse mortgage loan. Maybe you too can benefit from a reverse mortgage. Call one reverse mortgage now and find out if you qualify. Theyll send you an information kit that includes all the details and the stories of mike and others. A reverse mortgage. Is a mortgage with no required monthly payments. It was created for homeowners 62 or older so they can continue to afford and own the home they love. Many one reverse mortgage clients find they can retire sooner, do more the things they love, or simply put more money in the bank. A reverse mortgage could change your retirement, and your life. I examined my finances and i said, there is no reason why i shouldnt retire today. 10, 12 years earlier than i had anticipated. In the first year, mikes cash flow savings totaled 8,736. After 5 years, it will be over 40,000. It really is worth a call to find out if a reverse mortgage can help you too. Call one reverse mortgage now and ask for your free information kit. Liz about to use a technical term, skosh. The s p turned positive by a skosh. Right now stuck up. What are you . Liz just under record territory. The number to watch here is 2347. Right now were at 2347. 68. We need, well, were above it, okay . So were watching it. We could have two records, the nasdaq and the s p. We reported here on countdown yesterday that cnn president jeff zucker might have to resign as concession for President Trump to approve the at ttime warner megamerger. That was charlies reporting. We have new details, trumps advisor and soninlaw, jared kushner, inserting himself into this story. Charlie gasparino . Right, the journal reported today, right after our story, that jared, now an advisor, soninlaw but advisor to President Trump, met with gary ginsberg, senior executive, used to work here. Liz he did, with fox. Very capable pr guy and communications and does a lot of different things. Met with him yesterday to discuss various issues. We are keeping this like obtuse, when we asked hope hicks, what do you mean by various issues . Was cnn discussed . No, cnn wasnt discussed. Was the time warner, at t merger discussed which we know donald has spoke out against because of cnn . No, that wasnt discussed. So im not quite sure what they discussed other than cnn and merger. Weather. Liz weather. Food. Chickfila. Chickfila. That is the the word coming out of the trump white house. I will reiterate yesterday because other people are following it. This is right from people who know donald trump. They say he has immense animosity to cnn i think that came out in yesterdays press conference. He has immense animosity for the head of cnn, jeff zucker. That also came out. He mentioned zucker by name during the press conference yesterday. And he has told people, and people that know him have said liz do we have video of the press conference because there was interesting giveandtake between jim acosta and one of the cnn reporters, but he mentioned zucker. Here what we hear from friends of donald, of President Trump, he may ask to get this thing approved by his Justice Department and possibly his fcc, for concession spinning off cnn or possibly removal of zucker. Liz but it may never get to the fcc, at ttime warner deal because its a vertical merger. Who knows. Liz it might not ever have ajit pai was on yesterday with trish. Liz he whiffed. He talked around it. He didnt say one way or the other. It needs Justice Department approval. Most deals do, right . Maybe they will use a guise like, we think this is too much concentration of power. Cnn, with 25 of the distribution out the ithe United States through at ts various distribution outlet. Were not going to approve this deal and maybe the concession is, you get rid of cnn. Or maybe the concession you get rid of zucker. People are talking about that within the trump orbit, literally getting rid of zucker as concession, spinning off cnn as a concession here. Whether that happens or not remains to be seen but you know, listen, donald, i tell you one thing i loved the press conference yesterday. He is on a tear on the media and he is not going to stop. And he has a prime vehicle to screw one of his fiercest critics at cnn right now, and that is screwing with this deal. Ill tell you, brian schwartz, my producer knows a lot of analysts, talking a lot of aplifts they say spinning off cnn would be bad for the deal. Wont be good for the deal. Liz if cbs picks them up they may become more powerful. I dont know, you need distribution, man. Liz thank you, charlie gasparino. Six months before the closing bell rings. We are looking at two records at the moment. You have got to stay with me to see if it happens on this friday. 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 when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin increases 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 make existing kidney problems worse. 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 new records were about to see them, s p and nasdaq and the dow is 12 1 2 points away from a record with just minutes left to the closing bell. Overall the markets set to close higher for the fourth straight week. Let us bring in mark madsen. He says time for investors to look for a specific slice of this investment pie. Hes going to articulate that for you. Mark madsen of madsen money. Great to see you. Were about to see two more records. Great to be with you. When you have records with the s p and dow people are myopically focused on the bigger stocks and that is a mistake. Since the crash of 2009 at the very bottom, you look forward to today, one of the highest performing categories, microcap, small value stocks. Many investors dont have that in portfolio. It is up almost eight years, 21 year. Most eninvestors miss the forest for the trees because theyre looking at those big stocks. That is a big mistake. Liz were looking at pie, two slices, Oasis Petroleum and convergys. One slice of that pie, small cap value. You need to define that for our viewers. If youre telling them to go go to buy some of those names they need to know where to look for them. Small cap value stocks they have a big book value and lot of assets but theyre at a small price. They have very high cost of cappal. I always tell investors nt get caught tryg to pick individu stockor tryinto time the market. There is 1100 stocks in that pores of our portfolio alone. Investors think you have to only hit one or two top top ones. That is not true. If you had the sector as a whole you would have diversified your portfolio. Most investors miss it. Liz mark, with just about 20 seconds left do you worry about a correction anymore significance than 5 coming up . Look here is how you protect yourself from a correction. Im always worried about a correction because you never know when it will come. To the extent you cant take full market risk, by short term high quality income. Then some liz have to interrupt you. The dow just turned positive. Oh, it is straddling the line. Mark madsen, energy must have brought us there as we hit the closing bell. [closing bell rings] it is too close to call for the dow. Nasdaq definitely a record and s p. David asman and Cheryl Casone pick it up on this friday after the bell. Cheryl dow going positive. David before it went negative. Cheryl up two points right now. Were trying for a comeback. Hopefully we get it on this friday. Dow ending well off the lows for the day. Alas that 6day record streak may be in play. David unbelievable. Cheryl s p 500 turning positive in last hour, with new high. Nasdaq got it in hand there. Nasdaq another brand new record. Cheryl casone in for melissa francis. Never a boring friday. David good to have you here. Impossible to keep the marke