Arranging this nice weather in this place. Mr. President this year is important for both our nations, and it is important to know, and this is what i want to underline that this partnership with the United States of america shapes romania as it is today. Romania, a solid democracy with a solid sustainable economic growth. Romania, which stands together with the u. S. Troops in afghanistan, we stand together in iraq. Mr. President , this partnership contributed greatly to what romania is today. And this partnership was and is very important. And i think this partnership not only has to continue. This partnership has to become stronger. This partnership has to be fun our bilateral relation and this partnership has to contribute to solve so many problems. President trump, you mentioned terrorism. Im very glad that due to your strong leadership, nato decided to go against terrorism. Your involvement made so many nations conscious of the fact that we have to share the burden inside nato, and this is why romania also decided and if im right, i think this is the first country in your mandate to step up to 2 of gdp for defense spending. A significant part of this defense spending is going into strategic acquisition. And i hope, President Trump, that we find good ways together to use to make good use of this money. Romania is very conscious of the fact that we stand on the eastern flank, and we heavily rely on your partnership, President Trump, because we cannot stand there without the u. S. We cannot stand there alone. On the other hand, our partnership has huge opportunity to step up not only in security matters, but also, in commercial and economic matters. And this is very important. Romania is a member of the European Union. And i think its the best interest of you, mr. President , to have a Strong European Union as a partner. This is vital for all of us. The transatlantic link is vital. Its not about diplomacy, about policy. Its at the basis of our western civilization. And together, we will make it stronger together. We will make it better. Nato and the European Union do not have to compete against each other. They have to work together. They have to work in such a manner as to produce synergic effects, make nato stronger, make europe stronger, make the United States of america stronger. And this is what we decided, President Trump, and i to make our partnership stronger, better, more enduring. And this will lead very soon to enhanced economic exchange, and this is what we all decide on what we wish because we are responsible, President Trump and i, not only for the security, we are responsible for the wellbeing of our citizens, and this is what we are decided to do. Thank you so much, President Trump. Trump dave boyer. Washington times. Dave. Mr. President , this morning on twitter, you were referring to the testimony of james comey vindicating you. But i wondered if you could tell us in person, sir, why you feel that his testimony vindicated you when its really boils down to his word against your word. And if you could also tell us, sir, are there tapes existent with your conversation with him . Well, im tell you about that very soon in the future. But in the meantime, no collusion, no obstruction. Hes a leaker. But we want to get back to running our great country. Jobs, trade deficits. We want them to disappear fast. North korea, big problem. Middle east, a big problem. So thats what i have been focused on. But yesterday showed no collusion, no obstruction. We are doing very well. That was an excuse by the democrats who lost an election that some people think they shouldnt have lost because its almost impossible for the democrats to lose the electoral college, as you know. You have to runly up the whole coast and win everything as a republican, and thats just what we did. So it was just an excuse, but we were very, very happy. And frankly, james comey confirmed a lot of what i said. And some of the things that he said just werent true. Thank you very much. Do you have a question . Thank you and, mr. President , if you could tell us a couple weeks ago President Trump was in brussels at the nato meeting and not only was he encouraging nato members to pay up the 2 required of gdp for tional defense, but he also was saying that countries, including yours who had not paid in the past should make up for that difference. Do you think thats fair . I was in brussels, and i listened to President Trump, and i listened to his speech, and i liked it. Because you see, nato is based on values. But it is ultimately military alliance. And, you know, military spendings are complicated, and you need a lot of money. Because nato is the strongest alliance the earth ever saw, and we want to keep it that way. So we have to spend money for defense purposes. And spending money means if youre in alliance, everybody has to spend money. This is called burden sharing. And i fully agree, mr. President , to that. So of course, some people liked this better and some didnt like it so much. But its a simple fact that we have to do this. Not as a purpose in itself, we have to do this to stay strong, to be strong, and to defend our nation. Trump 100correct. And, you know, one of the things that i was referring to during that speech is the fact that, yes, they havent paid what they should be paying now. But for many years, they havent been paying. So i said do we ever go back and say how about paying the money from many, many years past . Now, i know no president has ever asked that question, but i do. Were going to make nato very strong. You need the money to make it strong. You cant just do what weve been doing in the past. So i did say, yes, you havent paid this year. But what about the past years . The many past years where you havent paid . Perhaps you should pay some or all of that money back. You have a question . Thank you i have a question for President Trump. On the matter of security, sir, you many of the countries on the eastern flank of nato, including romania see russia as a threat to the security and the peace in the region. Do you share this vision . And do you think that United States should act under article five if any of this country will be under military aggression . Thank you very much. Trump well, im committing the United States and have committed, but im committing the United States to article five. And certainly we are there to protect,nd thats one of the reasons that i want people to make sure we he a very, very strong force by paying the kind of money necessary to have that force. But, yes, absolutely i would be committed to article five. Thank you. Mr. President , was there any discussion about the Visa Waiver Program for romania . Is there a time frame for including our country in this program . Thank you. Trump yes. We didnt discuss it, but there would be certainly it will be something we will discuss. Mr. President. I mentioned this issue, and i also mentioned it during other meetings i had because this is important for us. Its important for romanians want to come to the United States. And you see, more and more people come, President Trump, from romania to the United States. Suspect some come for tourists, some for business and this who come for business should be encouraged. So the matter of visa waiver would be probably important to discuss, and we all hope that we will advance on this. Trump look at this hands up there, president . Do you have this in romania too . Oh, boy. If i could only sell that. If i could only sell it. Who would like to ask . Should i take one of the Killer Networks that treat me so badly as fake news . Should i do that . Huh . Go ahead, john. Be fair, john. Do you remember how nice you used to be before i ran . Such a nice man. Always fair. Mr. President , let me get back to james comeys testimony. You said he didnt tell the truth in everything he said. He did say under oath that you said you hoped the Flynn Investigation you could, like i didnt say that. So he lied about that. Well, i didnt say that. I mean, i will tell you i didnt say that. And did he ask you to pledge and there would be nothing wrong if i did say it, according to everybody that i read today. But i did not say that. And did he ask for a pledge of loyalty from you . Trump no, he did not. So he said those things under oath. Would you be willing to speak under oath to give your version of 100 . I didnt say under oath. I hardly know the man. Im not going to say i want you to pledge allegiance. Who would do that . Who would ask a man to pledge allegiance under oath. I mean think of it. I hardly know the man. No, i didnt say that, and i didnt say the other. So if Robert Muller wanted to speak with you about that. I would be happy to tell him exactly what i just told you. And you seem to be hinting dash. Im not hinting anything. Ill tell you about it over a very short period of time. Do you have a question here . When will you tell us . Over a very short period of time. Are there tapes, sir . Oh, youre going to be very disappointed when you hear the answer. Dont worry. Can john, do you have a question for the president . Yes. Thank you and you are no stranger to russian aggression. Vladimir putin recently suggested that romaine would could be in russias crosshairs. Are you how concerned should the world be about russian aggression in your region . And how concerned should web here in the United States about what russia tried to do in our election . Sir. Everybodys concerned. But you see, being concerned should lead you to being prepared. So, in my opinion, we have to be very clear, very simple, and very straight forward if we talk about russia and with russia. In my opinion, we need dialogue. But on the other hand, we what we all together decided in nato, a strong deterrence. This combination from deterrence and dialogue should lead towards solution, which is feasible for every part. Hello, mr. President trump. You mentioned earlier the anticorruption fight in romania. It is a matter of high importance in our country. But we see now that the anticorruption fight and to consolidate the rule of law are sometimes undermined by some politicians. Part of what we can call the swamp. Is your administration going to support the anticorruption fight in romania, and how can you do it . Well, we support very strongly romania and therefore obviously we do support that fight on anticorruption. We will always support that. And we support your president. We think hes done an outstanding job. Very popular. Very solid. Working very hard. We know everything thats going on. And, yeah, and hes going to win that fight. Hes going to win that battle, but he has our support. Okay. A problem for the u. S. Romania partnership and for the american investor as a threat because we still have rruption in romania, despite this anticorruption fight. Trump well, you do, but i can tell you there are Many American investors right now going to romania and investing. In fact, i was giving a chart just before our meeting they were going over to romaine and investing, but they werent doing that many, many years ago. So that shows really good progress. And there are really a lot of congratulations in store. But a lot of people are investing from our country to yours. And people love from romania the United States. And they come here a lot, and were very proud of them. Thank you, all, very much. Thank you. Thank you very much. Connell live from the rose garden at the white house, President Trump just wrapping up a joint News Conference with the president of romania. Represented President Trumps first opportunity to comment in public about yesterdays testimony from the former fbi director james comey. We have blake burman there in the rose garden for us. And as soon as blake can get set up, were going to check in with him for a full recap. But the president started with a recap of his trip, he mentioned cutter, accused that nation of funding terror. He said a very high level. He said that must stop. Called on all nations generally to support supporting terrorism. And then was asked, as you heard there about mr. Comey. He repeated some of what we read earlier today on twitter. No collusion. No obstruction. Hes a lyric. Those weres words, and he pledged to testify under oath if hes asked by the special counsel Robert Muller to do so. I also thought he had news saying hes committed to natos article five. You might remember that came up where an attack on one nato nation is considered an attack on all. Okay. Here on countdown to the closing bell im Connell Mcshane once again in for liz claman. Lets go to the rose garden now and welcome in blake burman is there for us with the fox business network. Certainly there were News Headlines to come out of this, blake and the other thing when he was asked by Jonathan Carl there by abc about the tape. Weve all been wondering if theres tapes of his conversations with mr. Comey. We didnt exactly get an answer, but we got something of a preview; right . He was examined several different iterations of this, connell, do the tapes exist . And at the very beginning when the president was asked this, he said i will tell you some time in the near future, leaving open the possibility that maybe they exist. Didnt answer the question if they dont. But also saying, look, at some point ill answer the question. And he was asked it again. And then sideswiped it. But then he was kept asking about it, and he said youre going to be very disappointed when you hear the answer. Insinuating there that the tapes maybe do not exist. Either way, the president didnt answer one way or another one. When he might say whether or not they exist. Or two, if they exist at all. Just to say that i might give you the answer here soon in the near future, and youre going to be disappointed. That was it on the tapes. What you also saw, connell, very clearly here was the president trying to move past all of this with this News Conference that was called we believed set up within the last day or so with the romanian president. And the president trying to get to the issue of cutter, a Foreign Policy issue. An issue of nato, a Foreign Policy issue. And at first when he was asked about the testimony of james comey, he said that he felt vindicated and then he said he wanted to move on to talk about jobs, middle east, the policy and the like. So what you have here from the president and this white house is a group that feels vindicated but yet there are still several questions, connell. The up most being this tape. When might the president clear the air about it . What might he say . And what road does that lead down . Well, some of that might come in testimony. That was one of the other Big Questions today. Will he testify under oath . Will he testify under oath . And he said 100 . The backtory to that of course we just heard james comey testify under oath and the other question, the followup so if bob muller who is leading the special counsel asks you to testify under oath you will do so, and he iterated yes. That was a request that nancy pelosi insinuated today that she would like to see on capitol hill. But the investigation into all of this and Robert Mullers hands and the president seemed amendable at some point to testifying under oath, of course that leads to if that happens, what might that testimony be and when do we hear what it is . Connell 100 he said. Blake, thank you. Significanda the rose garden of the white house. Blake there with his wing man. Thats how it works when they go shoulder to shoulder after these events wrap up. I do want to direct our attention to our markets today before we get to that analysis because it has really been a fascinating day to watch them trade, and were back in the final hour with the dow back up in positive territory. The nasdaq composite index for all those Big Technology stocks reside, triple digits, which is big for the nasdaq. Down one and threequarters percent. A little while ago, it was down more than 2 . And some of the big names in technology, the ones that you know very well, the facebooks and the amazon, alphabet, google, netflix, all those Big Technology stocks that have been leading this market higher really since the election of donald trump as president , theyve been leaving it lower today. So were going to look at it throughout the hour, the significance of it and whether its maybe just a changing of the Garden Market leadership or maybe something more than that. A sign of things to come. So anyway, that is coming up in a few minutes. But lets move back now to this president ial News Conference. Get a fair and balanced conversation going on, republican strategist adam good man joins with us be democratic strategist joins us as well. Some significance there as i with blake on a couple of Different Things that hes going to testify with this. What do you make about that and also the answers with the tapes . First of all, it was a master performance. It was so donald trump. He dismissed in seven words all the questions on the mind of 98 in that room, which is no obstruction, no collusion. Hes a leaker. And of course hes a leaker is going to become much more prominent from the white house. He also did this after. He had also committed news by saying that he was going to support natos article five, the common defense. Connell right. And was backed up by the romanian president. And this performance, which everyone expected to be long, full of questions, full of openings you might say for further conversation was probably disappointing to those in the room but very important to the people of america who are looking for the administration, the country to get back on the track of getting things done. It was a wonderful day for the trump administration. Connell and hes trying to balance that out with getting back to his agenda. I think youre right he did make news outside the comey testimony. The other significant statement was going after cutter at the beginning of the remarks. But whats your point of view, craig adam says this in the room may have been disappointed. Were you . Look, it doesnt matter whether i was disappointed or not. He didnt really answer any questions. Its interesting that he said that he would be willing to testify under oath. He should. And not just with the special prosecutor, but i think he should do it in open session in the United States senate and the house of representatives. There are a lot of unanswered questions. This is not going away. The republicans on the hill are worried about this. Americans want answers, so its like this was a very controlled environment in which he did not really wa to answer questions, and he didnt. But he did make news by saying he would be willing to testify under oath. And i expect that to be either walk back or going to be happening at some indeterminate future that may or may not ever happen. Connell the tapes are really fascinating to a lot of people because there seems to be this assumption out there that there are no tapes. That there was talk of them but do they really exist . And the president didnt really add to that today either because right now, as you guys know, we have this as everybody said yesterday. He said he said. But if there were tapes, then we would know what bolts were really saying. Do either one of really think. You first, craig and then adam can respond. Are there tapes do you think . If there are tapes, i think it would be very interesting to listen to them because we saw in the election last year that donald trump will say one thing one day and then something completely different the next day and then say he never said what he is in the first place. So praise the lord if there are tapes and lets go play them. Connell what did you think of that, adam . He said hes going to answer it in the not so distant future and he may be disappointed when he does. By the way, i love the words you may be disappointed. I mean, he completely controlled the narrative today. I dont know if there are tapes or not. Connell what does that mean to you . Why would we be disappointed . Im assuming thats what he meant. But donald trump, you might say the performer donald trump probably at his best. But what he was trying to do today is get us back in focus. U notice in the very beginning, htalked about his tr abroad and w much as washingtons out to try to unite the stop donald trump politically. Hes out to unite the world against terrorism. Thats something, a narrative that he can not only sell but i think something that the American People want to hear. Can i connell very quick on the markets really quick. I found it interesting that the romanian president is more concerned about russias interference Domestic Affairs than donald trump seems to be. Connell well, he was asked about it there by the reporter at the end. Thanks to both of you. I do have to move on. As i mentioned before i was going to both gentlemen, the markets has been very interesting. The dows up 46 but its not really the story. The nasdaq composite is. At one point all three were poised to hit record highs after the open but then the bottom really started to come out of Technology Stocks. Well take a closer look now at the trading that weve seen on the nasdaq. I believe we have a intraday chart that we can go to. Look at that as the day went on, it bottomed out with a more than 2 drop. And now as the president was in his joint News Conference, we did see something of a rebound and instead of being down more than 2 , its 1. 8. But its interesting because think about where the leadership and the market have been coming from for all of these months and some of these names that i mentioned a few minutes ago. You know, apple is obviously an example of that. Financials i know are doing well today. But the Technology Stocks apple is the biggest lagger that weve seen today on the dow taking 50 plus points off on its own and microsoft, amazon, netflix, all of these very well known Technology Stocks are having a rough day, even though the likes of jp morgan chase, bank of america, the financial stocks are up today. There you go. 4 in apple thats coming out. Microsoft almost 3, amazon same deal and the same with netflix. So lets make this the subject of our floor show today and see if anyone knows exactly whats going on. Matt joins us, and allen at the cme. Its to you, matt, first. The basic question is this some made the case they were seeing a kind of a changing of the guard; right . In the leadership of the market. And others have said this is the start of something. The bottom could be falling out of this market. What do you say . Well, this market has been driven by sector changes and thats why we havent seen that massive correction. Today we have some comments in regard to n nvidia and thats what participated the whole fall in nasdaq. Where is that money going inspect the oil sector, which is probably where theres the most value and financials. Im not going to say this is going to go for a extended period of time. This is just a rotation that weve seen over the last six months that has continued to go on. Okay. So bringing to allen, youre not overly concerned, matt. No. You go back three weeks and the market was down 370, we thought the world was falling and the markets related 9 since then. So this is just a case you know what . Youve been waiting to get into amazon or apple, this is the day to do it. Connell those footballs that were showing now. You first. And oil as well, which is what matt mentioned. What do you make of the Market Action today . I strongly agree. I think the oil sector is poised to be up for the next half of this year. I think its where the opportunity is. It has gotten hit very hard. Its very oversold. And right now im buying crude oil. So it all matches up. I think we have an absolute low of crude oil around 4. So youre buyi it very close to where the low is going to be. Theres a lot of pple out there, opec, trying to do their best to get the prices to rise. So let them do the work. Unfortunately, its going to hurt everyone at the pump. Which i dont like and the collusion. Connell yeah, going into summer. Driving season. Regular gasoline right oncu. So we have two votes, allen, for changing of the gart. Changing of the leadership guard from technology and rotating into other places, oil as allen says is one. What do you say in terms of your kind of just your reflection on today. It has been an interesting day. Right. It has been interesting, but i have two words for you. Profit taking. This market has major momentum. It has been straight up seven of the last eight sessions. We made new alltime highs. So you had to see some unwinding. This is simply what it is. But this is an opportunity to get into those stocks that have gone nothing but straight up. Thats double than the s p. Im not saying things are over by any means. And every time the market sold off, it has bounced back on top of those old highs. Connell speaking of bounce backs, im just speaking of the intradays, matt, ill give you the last one on this. Bouncing back even now. The dow is the bottom of our screen set a moment ago, still on pace for a record close even after weve been through. This is the first nice day weve had in new york, especially on a friday. We were kind of anticipating super thursday. Got aud yesterday. So people were anticipating a lot. Ey sd aggressively when the news came out and now theyre saying this is an i dont even have reaction. We shouldnt have done that. We should be buying going into the weekend. Connell it is a nice day and weekend. Thank you, guys. Dont forget, more of this. Tonight wall street week maria has an egyptian billionaire and the help of a Global Economy will be discussed in that interview for those of you in the investment community, i would assume this will be an interview that will be closely watched after what happened in the uk with the elections and what may or may not happen with brexit and even the comments just made by the president about cutter; right . And terrorism. So all of that is coming up on wall street week. Its tonight here on fox business. 8 00 eastern time. Then the property man is on. Bob massie taking you behind the gates of a luxurious mediterranean estate. Thats after maria. Property man is 8 30 fox business network. Were coming right back. Im Nicole Petallides on floor of New York Stock Exchange with your fox business brief. Day of records early on wall street. Big reversal right now. Were looking a at the Dow Jones Industrial average which is up about 39 points right now. 21,221. Nasdaq down 117 as a Group Analysts took down the whole group. S p 500 down six at the moment. Russell which hit alltime high as well. Well see what happens going into the close. Retail sectors woes continue owner of saks fifth avenue and lord taylor cutting 2,000 jobs in north america. Hudson bay says the cuts will save quarter of a Million Dollars by the end of next year. Music streaming service reject ad serious offer to buy the whole company. Connell mcshane talks about brexit. Keep it right here on fox business. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Will you be ready when the moment turns romantic . 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. vo when you wake up with miracleear. And get medical help right away. Your mornings can come to life with sound. Our exclusive Speech Isolation Technology transforms a bustling cafe into a clear connection that helps you hear the laugh that made you fall in love with her in the first place. And, at miracleear, we take the time to get to know you, grandpa so we can ensure you hear what matters most in your world. Call, click or come in today to learn how to start your better days. Miracleear. Hear a better day. Connell connell, another busy day we watched a few moments ago as President Trump had a joint News Conference with the president of romania. The president of the United States had first opportunity at the News Conference to address the testimony of former fbi director james comey. He did address it, one of the news items he addressed or some of the news that he made centered around the fact he pledged to testify himself if questioned by the special counsel, robert mueller. 100 , he said. He said he would testify. Bring in former undersecretary into the studio, author of newlyreleased book called, home front, two battle front, frank lavin is here. A world war ii book . Is that right. Yes, connell. Connell you used to live in china and with some book work and get a chance to talk to us about the News Conference that wrapped up. One of these things like the testimony that was built up all day. We wondered what the president would say, and he did go after jim comey. He called him a few choice names and would be happy to be questioned about it himself. It is forceful moment for President Trump. To my mind that is what he needed to do. Comey had pretty effective day, powerful testimony and president come back aggressively and he did so. Connell the question is he vindicated . Is that the issue . The issue will not go away in 24 hours with the back and forth. Takes comey allegations off the table and issue goes to mueller and special counsel and investigation. Connell are they legitimate questions . Is that a phrase that is worth use about whether the president got in the way of an investigation or maybeobstructed justice . If there is no proof, simply comeys word against trumps word. Connell unless there are tapes which we dont, even after this we dont foe if there are. We want to talk to you about Foreign Policy. I want to ask but the uk election which is fascinating and obviously surprising which the president himself when asked about it early. Reign policy new. Everybody made a big deal overseas that he didnt seem to commit to article v of nato when you attack one you attack them all. He did today. That was positive short coming of his trip. He was criticized for it. He doubled back. Just so there is no misunderstanding he is firmly committed to art can five. That is reassuring to the allies. Connell that is bigger story, one of those things will play in the european news so it might even play here with everything were facing. I think youre right. Look this is president that can do a course correction if he had a misstatement or understatement when he went to nato headquarters he can correct that and find his way out of that. Connell let me ask you about the uk. That was a surprise. We were building up populist waves moving across the world, some places that you have been and all of sudden theresa may did not do so well last night. She underperformed. I think that doesnt bode well for brexit negotiations. She will have a strong hand to play. She will have tough negotiations. She has a weak hand. When your government has a bare majority everybody is frozen. Nobody wants to make the bold move to take brexit along. I dont think this bodes well for britain playing a leadership role. Connell is it a big, is there a big picture message here . The president come in with what some called antitrade message. I dont know, treasury secretary had a News Conference last hour up in canada talking about he redoing nafta but there is so much talk about nationalism as you know and all this type of stuff. Is there is big picture i would be careful overanalyzing in that basis. Connell, i think tory, conservatives ran a bad campaign. When youre running against a very weak opponent, corbyn that is president hard left they should let himself destruction. They ran with a Party Manifesto that really undercut them. She he deserves criticism for tactical miscues. Connell wasnt a strong candidate. Something we heard before. Frank, very good to see you you. Good luck with the book. Thanks so much. Connell rank lavin. Let me go back to the nasdaq. It is still down by a lot. 2 at bottom of your screen. Well see how we close up next 15 minutes plus. The dow is still higher. A interesting split with some tech stocks really turning around today. Charlie gasparino is up in a moment. He has been all over the story, out in front over everybodies with exclusive details how the president s personal attorney plans to turn the screws on jim comey after the testimony yesterday. Gasparino up next on the countdown. Are allergies holding you back . Break through your allergies. Try new Flonase Sensimist allergy relief instead of allergy pills. Its more complete allergy relief in a gentle mist experience youll barely feel. Using unique mistpro technology, new Flonase Sensimist delivers a gentle mist to help block six key inflammatory substances that cause your symptoms. Most allergy pills only block one. And six is greater than one. New Flonase Sensimist changes everything