It means remains ever elusive. The options to have offshore drilling. This is as tensions remain high. The secretary secretary of state visits the united nations. Flexing muscles while having a major conflict. They can tell us what they can expect. They dont dampen the market. I am ashley webster. Lets begin the countdown. Breaking news for you. A very weak gdp. We are heading into the final hour. The month of gains we should say. They are up a little bit over one and half percent in april. As the fifth positive month in the past six. Rising 2. 3. Really has been about the big tech names. Check out alphabet up eight and a third . Here is where we are at the moment. They are down about 50 points. Also off just slightly. On the bright side more strong earnings reports this time from the energy sector. Both beating wall street expectations. They are also up about three quarters of a . Lets get back to the president. Another busy day for him. Wrapping up a speech before the National Rifle association. Just about 20 minutes ago. Making in the first sitting president to address the nra. On the date before his hundredth day of office the president already had a jampacked friday. The signing of orders. All of this taking place as the administration continues to push forward on tax reform also ratchet up action on trade. Foxbusiness adam shapiro with the white house. Adam, no Health Care Reform in the first 100 days can we expect something on the health front in the next 100 days. Pretty much the answer to that question is yes. They didnt have the votes for this week. But you heard it from different people in the administration and leadership on capitol hill that yes there is potentially going to be about on obama care repeal and replace they still have the lineup 18 more votes they have to get to guarantee that they can get it. There is a possibility we will get it next week. We have heard from gary who was the Economic Advisor to the president. He said its a very good chance that we will see this about next week. But what you are definitely going to see according to President Trump is the wall. There has been a lot of talk about whether the wall would actually get built between the nazis in mexico and in the continuing reveille resolution they will sign it later this afternoon. Removed language about funding. The president just moments ago in atlanta assured the audience at the gathering that that while it will get built. Here is what they said. Dont even think about it. Thats an easy one. We will build the wall. One thing the president also points out in regards to the fact that the wall has not yet built is the fact that illegal immigration into the United States has fallen over 70 in just the past few months. That is one highlight about the changes the president said has taken place within the United States regarding the laws which already exists. As used heard him say that walt will get built next week health care and then had to figure out how to fund the government again. But thats another issue. Great stuff as always. A paltry seven tenths of a . That is the weakest growth in three years. Are the markets concerned . With that group in imax. Thank you all for being here. Lets begin with you at the exchange okay. So gdp is not what we like to see earnings so far have been pretty good. What impact does this have on the markets going forward. Is the a case of it show me what you can do in washington. Theyre finally taking a look at washington. That is what the markets have said at least this week. Earnings have been good. Forecasts havent pretty good for the Second Quarter. Lets take this gdp number as a one off. Right now the fed is probably a little bit confused conflicted about a three or four retake. Begin for the market as well. Right now the market just keeps grinding higher. Thats what were going to do. Even for the Bank Regulations to finally get out of the bank vault and into the economy nothing happens overnight. Maybe this is just a bit of an outlier. That should also keep the markets happy as well. There is a pit of a delay were to get the future market rate here. They have already priced in. Unless something drastic happens when it keep grinding higher in waiting for the next move. Lets go to alan. The Oil Industries remain strong. It continues to remain strong. Certainly for the remainder of this year. The last show we talked about being 53. And its come out. But right now what im doing is im buying it. You saudi arabia who has is a 2 trillion ipo coming up. There can support crude oil. You can already see it and see how much they are cutting back. I think will start to see some of the massive supply that we have started to come out. I think we get down to a low of 47 at best for crude oil. And then from there backup we go. A lot to talk about today. Thank you for joining us we appreciate it. Be sure to watch wall street week. We will talk about the president s tax plan and biggs big tax market rally. Dont miss that. Why not stick around for the property man. He explores how air b b is changing how peace people will vacation and live. Catch the shows coming up next. President trump looking for the scene. It comes into focus. We will drill down into the details of the plan. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. [he has a new business teaching lessons. Rodney wanted to know how his business was doing. So he got quickbooks. It organizes all his accounts, so he can see his bottom line. Ahhh. Thats a profit. Know where you stand instantly. Visit quickbooksdotcom. Why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Ways wins. Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. The Trump Administration to date implement in an America First offshore injury strategy. Of the locations available for offshore oil and gas. They had classified as offlimits. What should they consider it when it comes to the energy sector. Thank you so much for being here. Is this a big deal. If your looking in there. They will be able to find it. There well also be the fight with some of the local governments who dont want to potentially looking at that. Probably not. They could always go deeper. Finding is not cheap. It takes a long time. It could be anywhere from roughly seven years. Its like were gonna start this tonight. And oil will come to the market tomorrow. The leadtime on these projects are really long. From start to finish. Then you look at the shale revolution that has about seven months. Give your whole seven and seven. We are pumping out a lot of oil. Do we need to be drilling more. From an economic standpoint. They become economical to do it. Out in the ocean. On land in west texas they are finding it economical. A couple years ago they were talking about 80 to 90 breakeven price. The opec official line thats not a big deal. Theyve got to be nervous. This country is continuing to drill and pump out a lot of oil. Is it making it irrelevant. I think you can argue that the irrelevant has gone down significantly. We still import about 8 million a day. They are the largest importer. With the import from a lot of the places. Why are we so dependent on middle eastern oil. Are we getting to a point where we dont even have to worry about it. Ill think well ever well. Your various joint ventures. Some of these middle Eastern Countries had had these. I dont think youll ever get to zero. It has been reduced significantly over the last several years. Speemac the ban on the drill of many of these areas. Did have a big impact. At that same time we talked about the shale phenomenon. It is an absolute game changer. He talked about it. He has carried through with it. Or is this just gonna wait and see. I think you need higher prices. Very interesting. Its getting closer. Intel the biggest drag. They are reporting slower data. It is smooth sailing though for the Royal Caribbean cruises. The company raising the outlet. Its all very positive. Its up and very in a very impressive 6 . That will be interesting. Or are we headed for a major conflict. They will give a fresh analysis next on countdown. The department of defense revealing the identity of two u. S. Army rangers killed on wednesday. Sergeant Joshua Rogers and Cameron Thomas were shot during a raid during isis headquarters. The raid not far from where American Forces dropped the mother of all bombs two weeks ago. Unconfirmed reports say that the mission was successful in taking out a leader as well as some fighters. The deaths of Sergeant Rogers are under investigation. I may have been responsible. They were assigned to the third battalion. The secretary of state Rex Tillerson making an appeal to the security council. They are calling the nation a catastrophic threat. A major conflict with north korea as possible. The question is what happens next. And is it officially off the table. Thank you clifford for joining us. Is kim jong rational enough to have a sitdown in a conversation with. The supposition is that he is rational and in the sense that he wants to survive. And he wants his regime to survive. If he thinks that it is in an actual danger. They can recognize some compromise. It has been his position we believe all along that developing Nuclear Weapons in the means to deliver them anywhere and the world in the world is somewhat thing that strengthens them. The current tactic of ramping up the rhetoric they are also need a very strong message does that work. With the north korean leadership. Is that the right strategy to get him to ultimately back down . We had been grappling with this problem with this north korean regime and with the threat of Nuclear Weapons for many years. 1994 there was something called the framework agreement. And president clinton said it will keep north korea from developing Nuclear Weapons. They had developed Nuclear Weapons. I think the important point is what you been hearing from the administration is that all options are on the table. You care that phrase all the time but its not always credible. We would like to do this diplomatically. They will really squeeze the regime. And that is true. That doesnt work we do have kinetic means. We will use it if necessary. It is very important that they believe that they will take these measures if we have to we would rather not. They really are on the table been ready to be used. Ultimately though can china get north korea to back down through its own economic sanctions. China can be the key. Theres no question about it. We would like your help and your cooperation to do this. Its important. If we dont have the cooperation we will solve this on our own. And if we do that the solution will not be as pleasant for you. What is china worrying about. It is worried about a collapse of the north korean bridging. Regime. Its worrying about a lot of things. We both agree we want to d nuclear eyes the peninsula. You can do a lot. You work on this with us. And we will keep your equities in mind. The point is that this must be a credible message to china to the North Koreans they must see that he needs to follow through. If they think you just gonna back off as the u. S. Has in the past they wont give an inch you can bet on that. How do you think the whole thing plays out do we continue to ramp up the rhetoric until eventually they kind of take a step back or comply this is a game of chicken. Its very much a highstakes chicken game. And its always difficult to predict. If the administration is very disciplined. I do think that people. They will go a step at a time. They will say lets do one thing and if that doesnt work lets escalate to the next step. That is not riskfree. To do what we had been doing. It is to say we will exercise strategic patience and we will wait and cross our fingers. A lot of small steps that can be taken. If we have the European Union just cooperating with us we could be throwing out diplomats from north korea and all of these countries and seriously as isolating that regime. All over the world working for a pittance. They should all be sent home. There are ways to observe real pressure. We also had the capability to do. Thank you so much. For your expertise. We appreciate it. Lets get back to the market. The dow is up to 41 points. Not a big move to the downside. There is a starbucks on every corner. It has those cappuccino machines freezing up. That is ahead. In the foxbusiness brief. The mark dayton 99. There it is. There is no major legislative accompaniment. They will join us to talk to taxes healthcare in present trumps next 100 days. The countdown is coming right back. Before i had the shooting, burning of diabetic nerve pain these feet. Kicked off a lot of high school games. Built a life for my family. And liked to help others in need. But i couldnt bear my diabetic nerve pain any longer. So i talked to my doctor and he prescribed lyrica. Nerve damage from diabetes causes diabetic nerve pain. Lyrica is fda approved to treat this pain. Lyrica may cause serious allergic reactions or suicidal thoughts or actions. 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Im lori rothman on floor of the New York Stock Exchange with this fox business brief. Dow jones industrials down 42. S p off 40 points. Nasdaq little changed. Honwell a record high after dan loebs firm, third point, pushes the company to separate the aerospace division. The move would create more than 20 billion in shareholder value. They own 11. 3 million honewell shares. Starbucks shares are down after the famous coffee chain qatar gets after disappointing Second Quarter sales. They were reviewing the business after mall stores dragged down overall sales. Big data analyticses surged in their public entry today. Countdown reviews President Trumps report card. How did he fair in the first 100 days . As countdown continues. Nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Ashley president wrapping up final business day of 100 days, knowing that the government will shot not be shut down however supporters and critics are painting two very different pictures of the beginning of his presidency. To give as you fair and balanced discussion of both views, republican strategist, eric beep, democratic pollster, Jessica Tarlov and along with republican strategist, eric beach. Youre with us tries. That is not easy to do. I have a feeling you guys will not agree. Eric, let me begin with you, how would you characterize the first 100 days . I will give you a aplus for my introduction. I will give the president an a minus. I think if congress matched his energy, matched his energy and leadership that could bump to an aplus. If i told you at this point that the dow would be up 2hundred 2700 points since he was elected. Illegal immigration down 50 . Countyless regulation he rolled back to create more jobs with American Workers, constitutional conservative on the supreme court. I would say he had a great 100 days. I would like to see congress match the energy going forward. Ashley jessica, i think you totally agree with eric. How would you characterize, a minus from eric. What do you give President Trump. I think a cminus. Ashley that is better than i thought. Too cliche to be an ashley okay. Leon panetta gave president a b on Foreign Policy because the syria strike was something bipartisan agreement about it. Ashley you agree with that . I did agree with that. I think posturing with north korea is frightening that were talking about imminent threat with north korea. That would be the same if it had been hillary clinton. Ashley up until now nothing else has worked. Strategic patience. I gave him a b. Passing. Can go to very good college with a b. That is Foreign Policy, domestic front, im glad eric brought up the illegal immigration number, that is the high point he should talk about. His rhetoric i found deeply offensive and majority of americans did as well done something to stop people trying to make that border crossing. What i would say now the challenge he is facing what will he do about 11 Million People already in this country. Were not going to have he deportation force. Jeff sessions, Jeff Sessions view what were going to do it is not actionable. That is not what were going to do. I think ashley said he will build a wall. He is not building a wall. He has to take the funding out of the Government Shutdown bill. That is posturing. I heard him at nra speech talking about it again. Ashley yes. That wall isnt happening. It is digital wall. Ashley dont you worry about it, that is what he told them. That is nra. Ashley we begin mixing concrete for the wall . Well, very soon. I love when democrats suggest it has been posturing. He will not follow through with his rhetoric. He has. He has followed through countless many times with his rhetoric, on the campaign trail. He ran with a certain vision of how to lead this country that vision is being implemented. Jessica noted again, she switched topic about the current illegal immigrant are here, the notion that the american president , his main focus is to protect american citizens. He is putting policies in place to execute that. You look at 500,000 jobs he has created because he has a culture of confidence you now to the American Worker and from the american companies. Yeah i would say that that a good amount of growth weve seen, didnt get a great gdp number. Ashley wont happen overnight. Eric pointed out dow increase of President Trump. What about president obama . What did he do for the economy . Another side to all the stories. President obama took us out of enormous recession. He inherited an actual Dumpster Fire even though President Trump says what he got from president obama. Ashley seen any president over course of his administration, would you not agree jessica probably not. Ashley confidence andoptimism in regard to the economy is so much higher now. There is very High Consumer confidence and i think that the only thing that the American People do really have trust in him, that is what the polls reflect is the economy. Look at his Approval Rating. Worst Approval Rating of any president in polling history at this juncture. Ashley eric respond to that. That is, youre the last word. What about this polling number . Sound like even democrats have a little bit of trust with him on his Foreign Policy and vision. He has shown great leadership. He had a good strike. It takes more. President obama had, four times the amount of those strikes than george w. Bush did. I think at end of the day when we look forward from our president is leadership and vision. The numbers dont lie. And there is a lot of things that he has done in first 100 days that demonstrated both of those. He has matched campaign rhetoric. Turned that into executing on vision. That is what leaders are supposed to do. Im very happy to support the president. Ashley i have to leave it there. Too bad, because i disagree vehement with what eric said. Ashley lets see what he does in next 100 days . Oh, my god, we have another 100 . Ashley eric number one, eric number two, thank you for being here. Jessica tarlov in studio. You were in pretty generous mood. Well take it. Look at markets as we head towards the closing bell in about 19 minutes. Dow off 46 points, 47 points at this hour. It has been speed bump after speed bump of controversy for uber bad by travis can lan nick. He is looking for a second to take the wheel after him. Elizabeth warren agreeing . The surprising reason bringing the two together. Charlie gasparino brings it upcoming next. Ashley we are tracking tressler, tracking tesla. The stock is at a alltime high, up nearly four bucks on the day. Up almost 30 higher since President Trump took office, also tesla. Even as the cap stares down the possibility many of the obama era tax incentives for electric cars may be repealed. That said, the stock reaching new highs. Uber search number two as somebody looks for to work under company chief traviesa voice kalanick after a nightmare of legal woes. Jeff flock standing by in chicago with the details how ubers search is proceeding. Jeff . Reporter they havent done it yet but apparently getting serious about it. Travis kalanick needs help, admitted himself. He has built what is the worlds most valuable startup but it has been as you reported earlier a bumpy ride over the course of the past several month. I would look at that litany of problems for uber and start with the most recent one which is reports that apparently the selfdriving car thing, not working out very well for them. Apparently they work a lot better only when somebody is behind the wheel. There has been an executive exodus. They have had trouble finding number two for him, recent president jeff jones one of those who left. The big investor google of course, suing uber now over the charge that uber has stolen some selfdriving technology from googles wamo. The protest resulted in 200,000 people deleting uber app from their phones because they were undermining strike being taxi drivers. Gender bias and sexual harrassment that they brought in former attorney general eric holder to conduct. Where does that leave us . Wall street journal reporting that the board is interviewing candidates to have something, i dont know would be a coceo but a true you partner they say and they have interviewed several heavy hitters including thomas stags, former walt disney coo and heir apparent to bob iger. Senior executives from cbs and walmart. The search goes, uber by the way, 6. 5 billion in revenue last year and 2. 8 billion in losses. Invest source dont seem to care. Neil ashley they dont. They need pr help. Jeff flock, interesting stuff on search for number for uber next. Theyre not public. Ashley no theyre not. By the way, Charlie Gasparino. Former president received a 400,000dollar pay day to speak at wall street sponsored Health Care Conference. That is good money. Trump took to twitter and retweeted a fox friends segment about senator elizabeth warrens criticism of the enormous speaking fee. Aforementioned Charlie Gasparino joins us now on this story. I thought the story at some point would die down. Ashley it is not, isnt it . Because of the level of vitriol that the former president aimed towards wall street make this is story so hypocritical . Right. In many ways he infused the Democratic Party with a sort of class envy. This is business story, lets be clear here. About a president of the United States used a certain industry as a whipping boy. Some of it was deserved, a lot of it wasnt. They were not only culprit for the financial crisis. They said if you lost your home and your job during the financial crisis and Great Recession it was because of wall street he spent a long time saying. Basically trashed their image. And now he is getting a check from them. What is interesting about that, many ways he planted the seeds of class warfare in the Democratic Party. It showed up tremendously in attacks by attorney generals around the country on banks. Even for stuff, like jpmorgan would be sued because something happened at bear stearns which they took over at the behest of the federal government. He infuse ad class warfare attitude. Had impact on business and regulation last several years. Now he is taking economy, Democratic Party infused with class warfare is rebelling against him. Quite fascinating to watch Bernie Sanders and elizabeth warren, vermont senator, big time populist, lefty populist, elizabeth warren, lefty populist , senator from massachusetts go after him. Ashley take the other side, why would industry demonized by barack obama and speak to them and give them 400,000 . That is great question. Im trying to think of a really diplomatic way to put it. Ashley good luck. I cant think of it. They will do anything for a dime, okay . That is essentially what we got here. It is not, listen, not just that. They think that president obama can help them. Lets be clear he is speaking at a Health Care Conference put out by cantor fitzgerald. Theyre not doing it so they can teach the average guy you how to find low cost insurance. Ashley right. Their Health Care Conference so Cantor Fitzgeralds bankers and traders make money on Trading Health care stocks or doing deals. That is why they want him there. They think he can provide insight to make them money. That is why theyre paying him. Ashley okay. That is the other thing here. He is not just going there to be, to shake hands and say hello and kiss babies. He is there to help fat cat bankers make money. Ashley very people he railed against. Im saying, the system he railed against. It is quite fascinating and pretty hip kate call. If he took 400 grand from the national air arrow gnat ticks association who cares. Ashley this story has a lost legs, wont go away. As long as they keep spelling fox business, citing us, keep going, free advertising. We need it. Ashley what is your speaking free if wall street wants you to come. 20 grand . Ashley thats a bargain. And coach. Ashley and coach. They wont put you up for the night. You know problem is . I dont do a lot of speaking. I do some but dont do a lot im kind of conflicted out. I actually beat up on wall street. I will not take a penny from them. Ashley youre saying youre not welcome . I cant like, give a speech to Merrill Lynch an get paid for them because i cover them. Ashley conflict of interest. You know, we go through this stuff here. But i mean ashley 20 grand rotary of club of canton, ohio, wants to call me. Ashley get on the phone. No conflicts there. Ashley good luck to you. Charlie gasparino. Thanks so much for being here. Closing bell ringing in seven minutes or just under. April fools or fortunes as we wrap up the month . Lee munson Portfolio Wealth Advisors joins us to discuss the winners and losers in the stock market. Those he is keeping an eye on anyway. Thats next. Ashley 3 1 2 minutes to the closing bell. Check this out. Nasdaq is in positive territory by massive. 01 . If it stays there it will be another record high. Barely hanging on. Dow and s p slightly lower. Earnings parade never stops marching following this weeks big tech results. A few more are on tap next week. Lets go to the New York Stock Exchange. Lori rothman has a preview. Hi, lori. Bar set pretty high for microsoft, amazon, blowing out street estimates. The headliner next week is apple. This is slow time for apple because the time leading up unveiling the next version of the iphone. Apple is expected to have strong sales buoyed by iphone 7, expect this to be one of the slower quarters, weaker quarters of the entire year. Look out for facebook which today hit alltime high along with aforementioned tech names, amazon, alphabet and microsoft. Facebook remember, they did warn in november. Let me get pack to you. Ashley disappointing gdp point not take market down that much taking markets still higher. Lee munson, great to have you here. A lousy gdp but markets continue to do their you stuff. Why the disconnect . You know first of all there is not a single anybody who looks at charts or Technical Analysis there is not a single bad signal out there. We still have the confidence. More importantly were waiting for the tax cuts. As long as we get it by end of the year and grandfathered in this thing is ready to rock. Ashley with market as these levels, lee, where would you like to put your money . Seems like it is going to the tech giants, does it not . Yeah. A few other things might relate to the tech giants but get a little bit more diversification. Digital realty. Theyre a reit, instead of office space they offer it backbone. People need to know, cloud computing, there is not physical cloud, ashley, there are big buildings with a bunch of servers. Dlr he provides plugandplay to rent that. Second is Illinois Tool Works. They should say advanced silicon valley, advanced manufacturing smarty pants. It has been on fire for a year. It is welding machinery or welding equipment. Remember they own thousands of patents on advanced manufacturing. Unless you know something i dont, tesla doesnt glue their cars together. They used a vans welding machinery. That is what Illinois Tool Works does. The last thing, look at some political stuff. General electric, s p 6 this year. Ge down six, that is 12 behind. A lot of people are concerned about this company, they pay so little in tax, theyre concerned trump might lower tax rate, 15 really means 15. Ge could pay more. Ge never let a president make them pay more tax. You could get it 12 off. [closing bell rings] ashley theyre all applauding the markets. Dow moving lower the can we say positive on by the closings bell. David asman. Good to see you david. Dow ending down 4points, economy in the First Quarter grew at its slowest pace in three years. Lets look at nasdaq right now. Any feign today would be a new record for the nasdaq, david. David thats pretty good, im david asman. Happy friday. This is after the bell. Got you covered on market movers. Here is what we have for you in a very busy hour. No Government Shutdown. One crisis averted but republicans apparently will miss the 100 day goal of ending obamacare. Still washington looking hard at the president s or
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