They drive the markets higher. Look at the major indices. It has been up more than 90 points already today. It is on pace for new record closes. Eric is here in the foxbusiness exclusive on why i trip to dc is long overdue. They are unfolding. Plus putin transamerica. This after a u. S. Navy jet blows a syrian jet out of the sky. He has the nerve to say that now they will be considered targets. Chuck nash has the threat analysis. Going shopping has a boeing moving higher. It is turning into somewhat of a nightmare. And they break in on the senate plan to fix obama care. Obamacare. Lets start the countdown. They are bouncing and bouncing making it such the date for the markets. They are hitting heading new historic levels. Thanks to investors simply and hailing the financial stocks. Look at apple. We want to take a look at them because currently it is moving higher. This is the iphones some for a half when it took a hit about stretched by relations not any but is concerned right now. Its not just the big banks as well but the Asset Managers and Northern Trust look at them. They are all bringing new. Yup it better than one and half percent. Its getting not one but for upgrades. Research upgraded u. S. Steel. The steel dynamics. All from neutral siding a neutral steel the sherbet art market. No doubt that some of it has to do with President Trump and we need to be using American Steel on american projects. The white house is looking for an it upgrade those things are really expensive but President Trump is getting an assessment for free today. The Senior Advisor just shared some stock shocking news. You know in the branch the branch of the federal government. With a National Security and armed forces. It is still trying to complete its y2k upgrade. The solution bring in the brains. The geniuses there you have it. Apple ceo tim cook is there. It is a little busy right now. I would say dealing with a merger with whole foods. They were deliberating behind closed doors today to tackle issues like upgrading completely outdated government Computer Systems and helping distort cyber attacks. You just watch the ceo at the white house. What is happening now. They are meeting and different kind of discussion groups. I actually had the good fortune of being in the welcome ceremony talking to them where we learned about Government Agencies still try to comply with y2k. Very out of date and what theyre trying to get across everybody is that some of the government Computer Systems are ten or 20 years behind the times but in some cases they date back 55 years. There is an urgency to bring all of this into stateoftheart compliance and that is what the ceos have gathered here with the administration to begin doing. But when you hear about it. The only word you can use to describe it is the nightmare of bureaucracy and into question the is going on. Take a listen to what he have to say about that. Many of our adderall systems our decades old. The department of defense for example still uses floppy disks on some of its assessments. To give you an idea when i was in Junior High School i think they were using 8inch floppy disks. It will save the government. It is about 80 billion we spent a year as a country for government Computer Systems. They would say close to a trillion dollars over ten years. To give you one other idea 6100 data centers all of that could be migrated to the cloud saving money. They pay for those email accounts. Its unbelievable. And this is pro bono. This is part of the American Technology council. And they disagree with the president on several issues. They have all put that aside because of the urgency to streamline the government and bring it up to the best possible practices that we see in the private sector. I think it is absolutely the right thing to do. If anything happens there let us know. How many times since the election how i said on this show that we are about to witness new potential record closings. Right now it may happen again. Dow was upalf a or 117 points. Its on track to close at a brandnew record. Any move to the upside is considered a new record. Even half a point will get us there. They also hit an interest day hike today. Look at this today chart. We continue to stay considerably higher. Even with todays point of 91 percent of the high the nasdaq is up 72 and still recovering from last weeks meeting. We will see if i can snap the twoweek long losing streak. It already had a brandnew high today. It will be purchasing. Should amazon be part of the dow 30 in the old economy stock. Allen, do you predict that amazon will be and should be part of the dow 30 with the a market cap in its disruptor attitude and if so which stock would it replace. Until they put the stock. Its a very high dollar stock. It is based on share price not capitalization. It will throw things completely out of whack. When its a bigger downbeat. It would throw all of the numbers out of the window. The professionals focus on the s p s p in the gauge of the market. It is the oldest index that people gravitate to. I will put this there. You are down at the New York Stock Exchange watching every tick of the dow. I remember when apple replaced a stock on the dow 30 when kodak used to be there. Amazon is so fresh and new. If it does split what do you think are its chances of muscling in on the dow 30. There would be a huge percentage. Isnt it now a consumer and media stock in many ways. It is broadbased and as a good reason why it should be possibly added. These are decisions made way about me. Ten for one. And as the big number to Start Talking about. They are the new beneficiary of shares outstanding. They are getting the benefit because there is not that much stock out there. Suddenly it becomes a little bit thicker and its harder to move. Based on the seven for one stock split. You may not want to change the dynamics of the company. Its also a grocery. Its fascinating to watch. I know you will get to that in a second. They clod at the cse at the lowest level since november 14. Give me your thoughts amazon. One thing about adding it was the previous guest said you have to split the stock. Yet the end result position im not making any money. If you make the numbers tenfold. They will get together and talk about compensation and stock price. Im not sure even though it is such a huge stock im not sure if they want that. You are getting 900 and never thousand. Big institutions coming through. Let me quickly get to a boil. When you start to see such significant force. Certainly not seen that. They have lost about 13 in may. What now for june and july. If you live long enough you get to see everything. The United States is now the swing producer in the world. With the way the break evens our in the United States for producing oil remember it lasted for 18 months we just hovered around 45. You forget to do the hashtag 45 for oil. It might go lower. The dollar is. Is not a good sign. It is great to be back in new york. I was covering the u. S. Open in wisconsin and while we were there we were able to interview the ceo of miller coors. They are bringing back all kinds of exciting things. Allens favorite zima will be back. They were supposed to be launching july 4. It might just be the original beverage. If you look at the stock its actually down 11 . I think it could be the summer catalyst to get millers and course on the move once again. It is down to the 85 level. I like it and i like zima. Back in the 90s when you ordered it i would whisper it to the bartender because everybody laughed at us. It have publix relations issues. But i think we have come full circle. It is certainly looking cheap at this point. Good to see all of you. Youve a big tech bounce at this hour. The nasdaq as is empowering higher by 73 points. Another deadly terror attack in london. This one targeting muslims. The latest details on the man who is bent on revenge. It has left seven u. S. Sailors and dead and more questions than answers. Its here on how this couldve even happens in an age where we have radar and watchmen on American Title guided missiles. Stocks came under pressures and new highs. It finished in the green. It finished in the green. This is an all too familiar scene across the pond. They are investigating the fourth act of terrorism since march. A driver ramped his van into a group of by standards. Osborne was not unknown Security Threat prior to this attack. And is believed to have acted alone. They are both condemning the attack earlier this morning. He also praised anyone. Her comments from two weeks ago at the last terror attack is the end. Stand. Any kind of extremism will not be tolerated in the u. S. In the uk. Russia has get to walk back as threats made overnight against america. Treat it. But the u. S. Pilots operating in the region wont hesitate to defend themselves from any threat. Why are they making such menacing threats. Will they be able to keep something going. Chuck nash. Let me read the direct threat. All flying objects that includes the u. S. Anything that is detected will be followed by Russian Defense systems and will be considered targets. What is this. Do you think that is just words or is there more than a paper tiger about that. I think they have to do something with that aircraft. Are they going to watch our aircraft west of the euphrates. They are already doing that. What is going to be different is if they go to a target tracking mode and illuminate the u. S. Aircraft with the fire control radar. That could be considered a hostile act. And then you fall back on your rules of engagement. With systems that can tell us when they are being targeted. They are just nearly being looked at. Im sure they have given our folks updated rules of engagement to deal with the situation. He is calling the shooting down a frequent violation. Was it. They let them know. That was about to do this. It does not drop red lights. Here is what happens. F15. Shutdown a drone that was dropping it. That should have been the wine. With a manned aircraft dropping bombs on coalition or allied forces and what happens. Same thing. And as what he has understand. And thats what he has to tell his guys. Do not cross it. I love how russia is questioning as an us on territory. Its almost laughable. It was part of ukraine. When the shooting down of that syrian plane are taken as the president ask in advance to approve. Is it made aware of what may happen. Those rules of engagement were in place you never give up the right to selfdefense. It is collective selfdefense. The troops that were being attacked our guys on our side that we are supporting. I do need to ask you about the u. S. S fitzgerald was collided with a japanese cargo ship. Everybody is wondering. Tragic seven sailors were killed. The bigger cargo plane the ship was actually never stopped. People are asking even though it happened in the middle of the night arent there things like radar that are equipped on the naval destroyer. Radar you can lose the picture. This happened at conflicting reports. Very early in the morning. Were they qualified on both ships and what happened immediately prior to the collision. A lot of people are jumping to the conclusion. The left of the port side was damaged. It was the marching meant who have the right idea. Its only true in a non maneuvering situation. If they were maneuvering around the navy ship was trying to avoid but at the same time you are avoiding one you are becoming conflicted with others. It was at night it was very early in the morning. There was a lot of maneuvering going on. But look at the navigation data systems. I saw that the merchant ship actually started leaving at the port. Maybe they were maneuvering. Captain, its great to see you. We have the closing bell ringing and 37 minutes with empowering higher whats getting us there travelers against the biggest loggers. These are united healthcare. Basically flushing out the real winners. They are going in opposite directions. They were offering a buy write energy. It is down eight and two thirds percent. It is jumping 25 percent. The new 737 max soaring to paris as the world air carrier goes on the annual shopping spree jeff flock has the willing in dealing. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. 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Bowing to make it a splash at the annual Paris Air Show known as the shopping mecca. No wonder the stock is jumping almost 200 per share. Its up one and three quarters. The commercial jet maker and the big market potential and interest in that brandnew version of this thing. That is a new version of the best selling 737 max jet liner. The demand for such a plate could be as high as 4,000 units. This is as a defense type meant Lockheed Martin is in the final stages of negotiating a deal worth more than 37 billion to supply a record 44 fighter jets. Is jumping about two thirds of a . Jeff flock who you might recall took it there. He is surely ready i guess for what is next. You have the details of this very exciting shopping spree that a lot of commercial airlines are going on but tell me about this. It might be five and half feet longer but it just means it will be squeezing in more pele. Now we are really rdines. You mentioned the right i have if you want to see it again i would advise a ride with the air force thunderbirds because it is for sure going to happen. As you point out it has been in the news because of the efforts to get the aircraft price tag of less than a hundred million dollars. Apparently he has done that. It has been of some help. Pictures of the first actual demonstration. At the Paris Air Show. They did several loops and showed the stealth capability. Back to the max. And that is the max ten as you point out its only about 5 feet longer than the nine but apparently boeing was told by its customers build another narrow body craft. That is the one they can make most money on because they doesnt it doesnt cost as much. That is where the demand is right now. That competition between airbus which makes a version of this as well if you look over the course of the past year. And the airplanes they have sold and delivered. It is tied. It wins in sales and deliveries. There is a big backlog out there. If you bought it a year ago while he made over 50 . And that is even better. The transport sector has done well. They say today in a note that they are going to underperform out of the air show they believe. If you havent bought it yet probably save your money and send it there. Wait until the moment the stocks drop. We have a lot of experts to tell us dont flee the market. Its time to go shopping. With the closing bell ringing about 28 minutes. We are now well above 20,000. It looks like the record in the s p 500. You have to stay with me to witness that. In the smartest gang in the world all in one room at the white house. Apple, amazon, the Silicon Valley luminaries how to save taxpayer money by modernizing ancient and inefficient government idea systems. This meeting needed to happen. On my is more than high time they get the Trump Administration a chance. The countdown is coming right back. Online u. S. Equity trades. 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The height of the session is up about hundred and 36. We just blasted through that. We now had very close new 136 is the number to beat. Can the best and brightest stem the flow. At this hour we said the biggest name in tech you have all of these people that are brainstorming together at the white house on ways to improve the government severely Outdated Technology infrastructure. The white house Senior Adviser opened a tech event with this stunner of a money waster. The government was still requiring federal agencies to Check Software for y2k compliance. The tech guru and capitalist. That is a classic case im not of not necessarily intentional but slicing of america. We are still on y2k compliance. It was proven to be a complete hoax. For them to continue to try to fix it is unimaginable. There is an incredible amount of waste. On the technology that is 50 years old. There is no question that we have to modernize. Do we have the well and is it going to be a plan that is scalable and deployable. These guys are at the forefront of the latest and greatest ways to modernize to update but also when it comes to things like cyber hacks you will look at all of the government arms that have been heart hacked the weather and they could hack the weather system. Assuming that all of these to all of these kind of things. How much can these people. You basically had to scratch most of the systems. You keep the date of course. Why cant the government be doing it. Everyone in this country is allowed to pick whoever they want a president or support to ever they want. When you see right now the present trump is doing what it appears previous administrations have been unable to do is bring all of these together but listen to them i know president obama invited a lot of tech ceos. They said none of their ideas were really listened to. Is this a photo op or is it a real meeting. Is it going to lead to serious discussions if the administration is serious about listening to the community they also had to listen to two key elements. One is immigration and this is are in the street. We can do better job of treating our own people to be tech workers but right now we dont have enough. The second thing is climate change. There is no question but its give or take. Are you going to work with the technology industry. You have to listen to them. What about, as he talks specifically about some of those issues when you think that the whole issue up floppy disks. I remember in that movie the movie was made in 1984. Floppy disks seem very outdated to me. The good news about that is that its very hard to hack. Maybe its harder than we thought. All that has to be scrapped. That is a good news. We can build modern systems but more importantly they will be more user friendly so that you and the government will be able to Work Together in a more friendly fashion. He has disagreed with the president on pulling out of the paris climate accord. Do you think that is a mistake that he should at least be in that room. I think he has a lot of pressure. He makes solar panels. It would be very hard for him to stay and work for the ministration given the enormity of this paris agreements. What would you tell the president right now if you could about all of his efforts when it comes to fixing the it system and making sure that we can insure against a cyber attack. Its doable. We have the technology. We have the well. We have to come up with a plan that is scalable and it will be sustained over many years. This will take a while. It is not a political issue. It is a technology issue. The government is falling so hard behind. Eric was the first to tell you the viewer this was the precise meeting and meaning that should be taking place. The closing bell ringing in 18 minutes. We are now right at this moment looking at record highs for the tao and the s p. The markets are on fire on this monday. And it was barely two months ago that the House Republicans they will pass the American Healthcare act. But that euphoria has turned in to somewhat of a headache. For a more Generous Health care bill. Charlie is about to break it next and count on. This is where i trade andrs. Manage my portfolio. Since i added futures, i have access to the oil markets and gold markets. Okay. Im plugged into equities trade confirmed and i have Global Access 24 7. Meaning i can do what i need to do, then i can focus on what i want to do. Visit learnfuturestoday. Com to see what adding futures can do for you. May be it always was just a fantasy. The u. S. Government announcing it will seek to block the merger of draft kings and theodore. They announce the attention. They are facing the two companies. By the way foxbusiness is an investor in draft king. The republican senators when youre not there. The recent criticism of the house Healthcare Plan may make their jobs much harder. Charlie gasper you with the details. Why do we care about the story. It has been said and i dont know if i agree with this if you can get healthcare past you might not be able to get the tax cuts passed. Where we are right now is predicated on Corporate Tax relief. Thats what we focus on this. It is predicated on getting the Corporate Tax cuts. That is predicated on getting healthcare. This is the latest bump in the road when we do have this conservative house members are growing increasingly worried about is can happen in the senate with that plan and they are now pressing their conservative colleagues in the senate to make sure that they dont sideswiped by President Trump and some more moderate senators. They deemed the house a bill brutal he wants to soften it up now. We have what we are first reporting. That that has Freedom Caucus some conditions met wednesday with the senators ted cruz and mike lee. To make sure that this has some very conservative principles. You already. If you get the conservatives. If you dont get it. You are not going to have a Healthcare Plan. To find more generous. Perhaps present trump once more services covered. With the laundry list. I think the house bill have some constraints. But it also had a work for it line in there. They seem to work very well. If you are an ablebodied adult you have to prove that you are working and pay into it. We do not had enough time in this broadcast to give you everything in the house. They are worried that trump is going to start to unwind what they did and get the senate along. Thats where you have the pressure now. I want to say one other thing going back to the bare monsanto barrett monsanto deal. The biggest mergers last year. A lot of people think that this deal is in jeopardy and particularly because the timetable for filing with the eu they need that approval. It is in jeopardy. They want to do it by the end of june. Guess what, and of june is a couple weeks away. No analysts think theyre going to get this. And if it doesnt hit and you have the whole summer off. Because europe goes dark in the summer basically and then had to question yourself as a steel going to get done. Monsanto still remains far below the offer price. I could be wrong. And pretty sure it was. It is still below that. Thats 117. It probably wont happen. U. S. Approval they dont have eu approval. And not filing means that they smell something. They are traditionally really meticulously tight on that. Closing bell ringing in seven minutes. They are turgid had. What if i told you that its not only far from over nine years and but it could run another 16 years. The stock group was said just that. You are about to witness another record. Liz leaving his role as President Trumps press secretary. According to fox newss john roberts, the white house is indicating spicer is getting a promotion to what would be elevated on the same left as deputy chief of staff. As soon as we get more on this, we will let you know. The dow at session highs right now. Actually we were up a little bit higher earlier, up 135 right now investors are looking to beat the market. How are they doing that, nicole. People say there this is a good time to buy. Theyre updating the list. Market volatility being low as you noted. Chief equity strategist is dumping out of the tech giants such as facebook auto zone, discover, hp, intel, to maximize returns on this group. This group has low volatility but higher potential for rewards and returns. This is the element. All of the names today, liz, with up arrows. Liz well take it, nicole. Big moves. About to see records for the dow and s p. The secular bull market is currently in its ninth year. Some investors are nervous. They think the bull run is getting long in the tooth and gray around the temples. The ceo of is saying the bull run has 16 more years . Secular markets can go for 21 years. Liz define secular bull market. Opportunity for real expansion in the market. People take advantage of consumer purchases. More money in the consumer pocketbook. More technology and more growth. People willing to bid up price of stocks you wouldnt think they bid up over time. Liz definitely going to be a record for the dow jones industrials, possibly for the s p, are we there yet . Charlie lets say there is a correction, which would be very normal . I think youre going to see one. If you look heeagan years, first ye reagan in the white house, market went up. Second year went down. Trump same thing. Bump want down. Liz still up. I would think next year you could see a pullback in the second year and hang on to your horses. You could see another 8 to 10 years of this secular bull market. Liz what do we buy . We are looking at alumina bringing down the price of genomics. 1000. Buy that stock theyre into that. Second thing, take a shot at twitter this is takeover opportunity. Down 70 . Down 40 in the past year. Buy twitter. Closing bell rings] liz going out on him to buy twitter. Dow jones out on a limb raising to record highs. Looking to close up some 140 points at 21,523. David and melissa over to you. David another record on wall street. The dow closing at new alltime high for second day in a row and second time this year. S p 500 ending for the new high for 24th time this year but whos counting. Im david asman. Melissa im melissa francis. This is after the bell. More on todays records. First here is what else were covering during this very busy hour. Biggest name in tech including tim cook, jeff bezos, eric schmidt all meeting at white house now. Soon the president will join them for first of its kind tech summit. Why theyre there, what theyre