Dow jones industrials down 26 points, s p down 11, the nasdaq by 29. Some of the big gains yesterday, russell 2,000 lower by 12, but it is oil that is really holding this market hostage. Its underpinning stocks. And House Speaker paul ryan says the nation needs to change the antiquated tax system that hasnt been updated since he got his drivers license. May salvage tax reform, its 70,000 pages, and he held up what he says will simplify the 70,000 page outdated tax reform code and socalled tax return postcard will be at least one of the saviors here. And while ryan focused on one of the trump administrations main domestic agenda items, the president was talking russia with the ukrainian president as relations between the u. S. And Vladimir Putins military become more hostile and outright dangerous. Weve got the fox business all stars ready to go on all of these major developing stories. Adam shapiro digging into the ryan tax plan. Former assistant secretary of defense larry standing by on a fox business exclusive to tell us how close u. S. And russia really are to allout war. Could it be just five feet . And congressman phil is the cochair of the republican doctors caucus. Hell tell you what he needs to see from the senates Top Secret Health care reform bill. Were less than an hour to the closing bell. Lets lots of news here. Stay with us. Start the countdown. Liz at this hour, the major averages are falling into negative territory, but trying to stabilize here. This after the Dow Jones Industrials touched a new alltime high in early trade and then reverse. Now, if the dow closes lower, it snaps a twoday record streak. But the big loser of the day is really whats causing all of this red on the screen, and it is oil. Crude settling lower by 2. 2 , ending at 43. 21 but right now when we flipped over to the august contract, its at slightly off that floor. But, again, in this territory, off 20 from its 2017 high of 54. 45 in february, thats a bear market move for oil. Now, putting pressure on any energyrelated stocks, which are dragging the markets lower. Anything from transocean, marathon oil, range resources, even a namlikeyounow, devon energy looking very, very weak right now. And these are all at more than oneyear lows. So were watching oil very closely here, but we do need to get to something that matters to all of you, and that is tax cuts and tax reform. While speaker of the house paul ryan made a bold promise to americans just a few hours ago, and that promises that tax reform will get done before new years eve back at the white house, Steve Mnuchin along with gary cohn are hard at work meeting with Business Owners actually writing the tax reform bill. Their objective is to quote simplify the business tax system and in turn, bring back trillions of dollars. Fox business adam shapiro live at the white house with these promises here, adam. Yeah. Not so much dueling, but you might almost say that two tracks that will eventually merge. And according to gary cohn, liz, some time in the ladder part of september, they are not going to drop this bill until they know it will pass, which means it will happen very quickly. So what secretary mnuchin and gary cohn are saying, is that, look, it boils down to very three very simple concepts. The tax brackets, the rates, simplification, and economic growth. How you get there is what theyre negotiating. And then you had speaker of the house paul ryan saying this will happen before. Im going to do you one better. You said before on new years eve. He said theyre going to do it before thanksgiving. There is a roadblock. The border adjustment tax but before we get into the politics of at, and wont before or you with it, listen to what paul ryan said. Now, i know the senators and naysayers are going to be out in full force. You will hear that tax reform is coming along one day, and then you will hear that tax reform is dead, and then you will hear that it is back on track, then you will hear that it is on life support. Sometimes you will hear this the same week. Sometimes you will hear this in the same day. Heck, sometimes youll hear this in the same hour. Do not be surprised by any of this. Im here to tell you, we are going to get this done in 2017. Liz, when you talk about the border tax, it was one way to pay. Kevin brady, but paul ryan is taking a step back, hasnt disavowed it yet, but this is for a lot of a nonstarter. But kevin brady, this is key. He is still pushing for the border adjustment tax, so thats where these discussions between the white house, between the house of representatives, and between the senate, thats where everything is coming together. Theyve got to figure out what to do to get kevin brady to either give up to the border adjustment tax and figure out a new way to pay or somehow bring everyone onboard with a bat. It doesnt look like that will happen. But they are promising tax reform by thanksgiving. Liz and the Comment Period is over for the border adjustment tax, so i can tell you many u. S. Based manufacturers hate it. They dont like it because it will cost more to bring in parts from overseas, to make what they want to here and then sell back overseas. Adam, thank you. And capitol hill isnt just buzzing about paul ryans promise. In just the last half hour, Mitch Mcconnell gave us a window on how the Gop Health Care plan vote is going. Were going to make every effort to pass a bill that dramatically changes the Current Health care law. Liz mcconnell went on to say he plans to release a quote discussion draft of the health care bill. This is coming on thursday, but he didnt comment on whether it will pass. Is this too much of a rush . And will a bill be written by just 13 gop senators passing the senate . We bring in congressman, republican congressman from tennessee and cochair. So you have to wait, representative. I guess on the details until thursday; correct . Thats correct. I think, liz, we pretty much know what it is. The details to be worked out, and i think many members, more than 13 had input into this bill. Hold on a second. You know pretty much what the details are . Can you share those with our viewers . No. It has been behind closed doors, but we know the parameters of which were going to do. Were going to reform medicaid, its are just how we do it, and we know that the Affordable Care act cant continue like it is, at least in many states across the union there are not many people, i mean many options. So were going to reform that. That will look like the house bill did. Liz when you say were going to reform medicaid, its just the details of it, the way the senate does it could dramatically change how the house bill was. And he said you have to be more generous on the senate side. You were able to pass a bill that would please the Freedom Caucus to get onboard. If it all changes in the senate, marketly, what do you do next about that . Well, i think we have to wait and see. Look, i think we need to have Health Care Reform, need to bring prices down, and increase the number of people who are covered. Right now, liz, were seeing in my state decreasing numbers on the exchange. We it hasnt gone up. The cbo estimated in 2010 there would be 24 Million People getting the exchange. Its about ten. And the prices are going up to where families cannot afford this without these very generous subsidies. So it has to be reformed. Senators who are looking at at least some of the issues and among them, this ability for states to opt out. The waivers for states, and they can opt out of entire portions of the plan that you passed, and that could include covering preexisting conditions for things like cancer and heart disease. That upsets people, and it apparently wrangled pump. He didnt like that. He wants those people covered. If what you said were true, it would be a really bad deal. But thats not the case. If you are in the in the individual market, the Small Business market, which is about 7 of the population, and your state says its going to the essential health benefits, and you have a preexistg condition, and you drop coverage, then you can have a problem, except we also have a plan to cover this folks. What we didnt want to have happen, liz, is people dropping coverage and making rates much higher. So thats what has happened. We actually covered that. Liz is that the deal breaker, doctor . And i never forget that youre a doctor. And you are the person that i would love, certainly anybody who has worked as a doctor to be looking and picking through this thing. What is the deal breaker for you when it comes to the senate plan . If they remove one thing that you say is hands off, what is that one thing . Yeah. I think we all agree on preexisting conditions. Thats hands off. Theres no question about that. Thats already covered in medicaid, medicare, and the general insurance market. Its only the individual mark. So that would be a hands off thing for me. I think 26yearolds is going to stay in there, and i think guaranteed issue. If you have complete coverage, you have to have guaranteed issue. Liz im glad you were part of the discussion on the house side. Thursday theyre releasing that. Quickly, before you go, we have steven mnuchin, and gary cohn the economic adviser to the president right now writing up tax reform. If necessary, would you and im not talking about you the republicans, would you personally, doctor, give up your august recess to work through it so that its ready by the first two weeks in september . Oh, absolutely. I think we need to do look, liz, as on a ogbyn doctor, ive been used to working 60 to 80 hos a week. Absolutely every member of congress would be willing to give that effort. We could jumpstart this economy and lower the debts. Absolutely. Liz well, thats news, and i hope youre speaking correctly for everybody. But good for you, doctor. Thank you so much. Thank you. Thanks, liz. Liz congressman phil roe of tennessee. We have the closing bell ringing in 49 minutes. Dow jones industrials down 37 points. By the way, you should note that the low of the session is down 39, so were heading back down right now. A major victory for tesla as its autopilot feature gets the clean bill of health. Not guilty. And it is a shocking decision that sends investors and competitors of elon musks car company to the story about its autopilot and the stock is jumping higher. And Falling Oil Prices may be great news for people at the pump. But our expert traders are here to tell us why 43 a barrel oil may not be great for your portfolio, even if you dont own a Single Energy stock. Floor show next on countdown. And the aftermarket down a buck. Deartheres no other way to say this. Its over. Ive found a permanent escape from monotony. Tother, we are peectly balanced. Our senses awake. R hearts racing as one. I know this is sudden, but they say. If you love something set it free. See you around, giulia when a fire destroyedwith us everything in our living room. We replaced it all without touching our savings. Yeah, our insurance wont do that. No. You can leave worry behind when liberty stands with you™. Liberty mutual insurance. Liz stocks swimming in the red sea right now. Even after the dow hit an alltime high in earlier trade. You can see right now the dow is down 17. But trying to fight back to the flat line. At this moment, the dow is on track to end its twoday record close winning streak. Look at this, though, the dow has closed at a new record. Seven out of the 13 trading days this month alone. But could oil be the culprit . For not just the dows streak but tech resurgence as weve seen as well. Our traders at the new york stock exchange, cme group and first to elliott. You of course know oil right, back, and forward. Explain why investors, it might impact their portfolios right now and today. Its a more complex question than appears. Im having trouble finding one. If you look at the airport industry, they benefit. If youre looking at any sort of industry that manufacturers goods that need to be delivered anywhere, they benefit; right . Their cost of delivery goes down. The ones who really get hurt, i supposed to say are oil companies. But and, you know, you can make an argument about it impacting the economy. Thats sort of offset by the extra spending power that people have because theyre not spending all their money on gasoline. We saw 53 oil a few weeks ago and that was cheap and now its 43. And honestly, liz, i think theres room to the downside. I dont see why oil would be a buy here after not being a buy any time in the last year, you know . Nothings changed. It positively impacts other stocks. Many other stocks. Liz new glasses, new haircut. I know. I got a haircut, shave, trying to make myself look smart. Cleaning himself up for tv. Liz exactly. To you, larry, give me a sense right now. Because we all know, and if you dont. One penny lower on gasoline per gallon saves consumers a billion dollars here in the united states. And today, we are much lower than we were a year ago. Regular this is the average, of course. 2. 28 versus a year ago. But, again, all the airlines and larrys right. Actually, elliotts right when he says that airlines should be beneficiaries of cheap oil and cheap derivatives of oil. But the airlines are all down. You almost think it starts to hurt the portfolio, even if they dont own oil stocks. Yeah. At some point thats true. I do believe this whole thing about oil is supply related, not demand related. And youre right. Some of these issues are down. It flattened the yield curve, dropped expectations. I mean, look at the numbers around the world. Theyve been all very good. At or above expectations except for the last three months. Inflation numbers have been seriously low. So that is worrying. But the stock market doesnt seem to care, and you also have to realize that theres no new news about oil. Its all the same old recycled news about opecs relevance and opec and russia and the u. S. Becoming more efficient with high inventory levels. So the market doesnt seem to care. I mean, some day i guess it will. But i still think theres reason for this market, oil market to go higher, and ive been saying it and elliotts right. I just think right now youvbeen saying it. Come on. We argued right here about 10 higher about oil. I have money on the line, though. I have a lot of money on the line, so im okay. Yeah. Well see. Fair enough. Lets settle this. It appears to me that if oil was sort of the party pooper at this moment, at least for the markets because other than what we do have, which is now serious tension in north korea, and were going to talk about this in just a few minutes with larry, you had a russian jet buzzing a u. S. Reconnaissance plane within five feet and the Dow Jones Industrials is really down just a couple of points here. Very resilient market. So do people stay in . Or do they start to pull out . I dont think they do either. Theyre forced to doing nothing at this point. And even you mention that headline about the syrian plane. The market didnt even move off of that. We heard that headline and all of a sudden we immediately look at the charts to see what kind of activity were going to see and nothing happens. So to get back to my earlier point, investors are forced to doing nothing. If youre along this market, youre happy. If you made some sales at this market has trended higher and higher. Youve taken some risk off the table. I think youre happy too. No one really knows what the next move is going to be. If you look at the s p etf, average daily volume over the last 50 days is about 70 million shares. About ten minutes before i came on, the volume today was about 35 million. So no one is really doing anything at this point. End of the month. End of the quarter. Everyone is pretty much shored up their positions where they want to be heading into the summer. Liz and were heading into july 4th weekend several days away. So it gets really quiet. But the swings might be a bit more dramatic. Good to see all of you guys. Thank you so much. Thank you. John, larry, and thennual scrubbed elliott warren. Thank you so much. Closing bell is 38 minutes away. We already just showed you, but its important to show it again because they are the dow leaders. And heres why. Each separate research and collaboration deals. Thats good enough for a bump of one and a half percent for merck. Also pfizer is up 1. 5 . Chipotle at this hour as a burrito chain slides. Chipotle Mexican Group saying its Second Quarter marketing cost will be higher than last quarter. Chipotle, the biggest loser on the s p 500 today down 7 to 426. 51. And billion entrepreneur with a cultivating personality elon musk gave me a tour of his state of the art factory in silicon valley. Fremont, california five years ago. And now today, there are reports hes ready to open up a similar one in china, shanghai. Were bringing in a panel of auto experts. Tesla, specifically. To tell us whether thats going to be the key to electric vehicle outright dominance for this business visionary. Countdown coming right back [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. Discover how we can help find your unlock. Liz weve got to get to tesla stock. There is no sign at all of elon musks electric empire slowing down any time soon. In part due to two big stories right now. Dueling tesla stories at this moment are floating the stock to the skies. After an n tsb investigation found tesla not guilty in the fatal 2016 crash that involved a driver using autopilot. The ntsb concluding that the driver ignored multiple safety warnings to keep his hands on the steering wheel. But theres this as well. Tesla is close to an agreement to build the production plant in china. And then tesla stock seemingly ignoring this. The price of oil, we just talked about it and gasoline dramatically down, that should boost auto sales of companies and hurt tesla stock; right . Well, think again. You can see in this chart which compares the price of crude oil, thats the blue part to tesla stock, the yellow, and that stock is soaring while oil falls. So tesla still the stock to buy and the car to buy here when it comes to ev, lets bring in tesla analyst director colin and wall street journal Auto Industry reporter mike specter. Colin, the holy grail for anybody who sells anything overseas is to get the china market. It appears hes nearly got it in shanghai. What will this do for tesla sales . Which are already hitting what . 1billion in revenue overseas in china. But also, what it will do for the stock. Well, its unclear that theyre going to build a factory inhina, so its a report from one news source, so we havent been able to confirm that at this point. Liz but hes trying. We know that. Secondly, you know, being able to reduce the price by 25 does help them from a competitive standpoint. But what were seeing for luxury vehicles, theyre well within range of competitors in china, and theyve been selling well already with what they have available there. So im not super concerned about the 25 , but it certainly would be an aid in order to drop price of competitors. Liz well, lets talk about sales if they do build a shanghai plant. Would you get a sense that a country with a billion people, they also have a very strong government that interferes with business and china makes its own electric vehicles, among them buffett and charlie have made an investment too. Will the chinese allow an american competitor to come in . American companies have moved in partnership with Chinese Companies to Bring Technology into the country. And then we see no reason why the Chinese Government will get in the way of that if there are jobs being created, theres products being created domestically, and theres technology being imported into the country. Liz okay. Im going to get to mike in just a minute, but we do have some breaking news we need to get you right now. The belgium media are reporting that explosionlike noises have been heard at a brussels train station. Belgium media. And heres some video just coming in, so we apologize if its a little jerky. Im told this is a live picture, actually. The belgium media is reporting that police has neutralized a person wearing an explosive belt at the brussels train station. Has been evacuated, police have cord end off the area, and right now, lets just take note of the markets and of course we hope that everybodys okay. But we dont care about the bomber, certainly the alleged bomber. But we are seeing right now is live picture with multiple vehicles that are of course related to police. They have cut off that entire area and hold on. Im just getting this news that there are has been one guy shot, the military has the scene under control, the military actually shot at what appeared to be a bomber. Shots were heard, immediately the area was evacuated, and the National Railways have tweeted they dont know whats going on. But supposedly there is a suspect down. As soon as we are able to get more on this, we will. We do get this picture certainly in our live control room to make sure we have a sense of whats going on. But brussels and belgium of course have been very, very skittish since multiple terrorist attacks have happened over the past year and a half. So it looks like right now theres a dustbin that a lot of activity is being sort of clustered around, and theres a photo circulated, which shows some type of flame, but were watching right now, and we will keep you posted certainly on that developing news. Let us get back to tesla. Until we get more on that. And let me get to you, mike. Its really amazing that the price of oil and gasoline so unbelievably low that tesla still continues to rise. Usually, that would hurt electric vehicle sales, no . You would think so. But tesla just isnt affected by it because investors believe in the promise of elon musks vision and the future technology and what enthusiasts want. And theyre worried about the downturn with m, ford, and these other makers, and these guys are making profits in suvs, but it wasnt long ago that gm and chrysler headed to bankruptcy court. So theyre worried that these old Guard Companies are not keeping up with the times and vulnerable. They believe and the technological promise with electric cars, autopilot, selfdriving cars with tesla. Liz colin, well have you back when we hear that it is final and that there is actually a deal to build a tesla plant in china. Thank you so much. Colin managing director and Senior Research analyst and the wall street journal auto reporter mike specter. Thank you so much to both of you. We appreciate it. Again, the belgian media is reporting an explosion at a train station. The market is now falling to session lows down 44 points what if technology gave us the power to turn this enemy into an ally . Microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. Here comes the fun with seadoo seadoo has the most affordable watercraft on the market starting at just 5,299 and up to 500 rebate visit seadoo. Com today liz we now have this on the breaking news we brought you after explosions were heard at a brussels train station. Heres video that weve been able to obtain when people were evacuated from the train station when the belgian military evacuated the place after someone was wearing a belt and had a suitcase, and they neutrallized the person that was wearing the belt. Neutrallized meaning shot. The good news is no victims. The police and military were able to take this suspect down before he was able to set off any weaponry he has. It was evacuated and police have cordoned off the area. This is a live picture right now that we just want to keep up. But we can bring in larry, who is a former assistant secretary of defense under president Ronald Reagan, who was always tough with any organization or group who tried to harm the united states. What do you make of this . It shows Belgian Police got their guy quickly. Well, unfortunately, theyve had more of these terrorist attacks than we have. The military was obviously there at the train station. Im sure theyre there at the airport. So they really prevented a lot of people from being harmed. And i think thats a good sign because itill discourage these other people who think, well, you know, these open societies, we can just do what we want. No, its not like it used to be. Liz smoking out individual isis supporters. Its almost like somethings working. Theyre forced to have people individually pull these things off, and theyre getting tapped out. Somebody tried to ram a Police Officer in paris yesterday. They killed him. Its certainly interesting to see that kind of development. But what does this tell you, considering the u. S. Has had real tension overnight with the russians over syria. Everybody wants to get rid of isis. The russians say they do. The syrians say they do. But now it appears theres a real problem. The russians claim they came in to fight isis. They didnt. They came in to save assad. We need to recognize thaisis caliphate not its ideology is on its way out. The real question is what happens to syria . How much control will assad have . What about the kurds we armed . What are they going to do after they drive out isis . What about a separate kurdish state . What about the iranians who this week, you know, attack isis with missiles because of the terrorist attack that occurred . And thats really the key issue because everybody has different objectives. The turks, the iranians, the russians, and us. And i hope were thinking about that, rather than just focusing on beating isis. Liz well, again, though, you had a u. S. Jet shooting a syrian bomber out of the sky after the syrian bomber dropped weaponry and bombs directly onto u. S. Backed forces who were fighting in the region and now russia flipped out of its mind said were cutting off contact and ok what happens overnight. They came forward to hold that up. Apparently a u. S. Reconnaissance jet russian jet came within what . Five feet of a u. S. Reconnaissance jet. And you know what we decided to do was have my floor director stand five feet away from me to show how close that is. Thats how close wing to wing the jet actually came. How close do we have to get . Four feet . This has been going on for years. Way back when i flew with the navy, we had the russians come out and get close to us. This is nothing new. Theyre also saying, hey, the baltics is our region. You cant just do what you want. But, you know, the interesting thing is despite what they say, according to general dunnford yesterday, theyre still talking to each other. They may have said theyre not, but our military gets along pretty well with the russian military. And the communication lines are open. So i think we dont want to overreact. I just hope that the political leaders say okay. Now, lets figure out what happens to syria with isis gone. Because you cant put it back the way it was. Assad would like to stay in power, but hes not going to control the whole thing. I worry about the kds weve armed. What are they going to do with the turks . So these are the things were going to have to work on. And we do have to talk with the russians. Liz not much room for error, though, when youre dealing with five feet in air and very nervous people. Especially pilots. If im an american pilot, larry, thats concerning. We must go. But, larry, i will have you back on this. Any time, senior fellow there. Closing bell, we are 17 minutes away. He may have lost his teammate in jeb bush. But that is not stopping former yankees great derek jeter to become the owner of the miami marlins. Yes, jeter still in the game. 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But we are just hearing from larry, whos former secretary of defense under Ronald Reagan that the europeans are at least trying to learn lessons of being way too easy on suspects. People who are persons of interest in the future, and they have also up the security dramatically in heavilypopulated areas and heavilytraveled areas. Well get more as it becomes available. But, charlie, the off the dows. Yeah. The markets havent really been reacting to terrorism of this type a lot. U. S. Markets, anyway. But it did today. Liz can we show an intraday . Yeah. We hit our lows. Not terrible. Down 69 points, 70 points. Liz okay. You see it drop down. Thats on news that we broke here. Right. And then it popped up a little bit after it said they killed him or neutralized them; right . Or whatever they did. Liz not much. Yeah. But still. The markets arent down that much. So it is moving today on it. But its as someone who just came back from europe, its a scary place. I, you know, its hard to feel safe in some of these major cities in europe. I hate to say it. Anyway, i guess we should get to my news today. Liz break that news. A lot has been made whether derek jeter is in or out in terms of buying the marlins. Now, what we do know, this is a this storys moving fast. Its flued. The former yankee great initially teamed up with jeb bush to buy the marlins. It was unclear whether jeter was still in it. And i would say this information is three days old. Okay . Based on my sources. And meaning three days that he was still looking for money three days ago. His investment banker, long time executive on wall street has been still trying to raise money as of three days ago. So jeter is still trying to get in there, get a bid in there to try to match the get money to match his bid, which was something more than a billion dollars. Now, is fleming liz got to be a member of the 3com aclub to play this game. Well, gregg is very good. Listen, gregg was at morgan stanley, he ran Morgan StanleysWealth Management division. He has access to billionaires. So from what i understand, hes still trying hit people up for money. Its going difficult. I cant tell you whether its going to win. Or whether hes got the money or will get the money. I cant tell you whether somebody else is going to emerge if jeffrey drops the price. Right now the top bid is at 1. 3 billion. Liz is throwing money bad to divide his team . Thats why jeb bush dropped out. Heavily in debt, lots of losses. Not a great team. Nice stadium but, you know, its barely filled. You wonder if people down in that part of florida, its very hot in summer want to go to games. But heres what we can say is that jeter is still looking for the cash. So hes still trying to do this thing, whether he does it or not, i cant tell you whether they drop the price or not, i cant tell you. This is still a matter of flux, as is the market right now. Where is the market right now . Liz we do have the dow jones down 57. 63 points. Markets are getting used to this stuff, though. Liz thats depressing. But i will tell you this. I just came back from europe. You dont feel safe there in major cities. Im telling you. Liz youre a boxer. Youre a tough guy. You go to major cities in europe, you feel listen, there is a problem that we do much better than the rest of the world. We assimilated people in this country. Europe, there is no assimilation. Theres no melting pot. That tradition that we have heren this country actually helps diffuse some of this. Liz if youre just joining us, what youre seeing on the screen ask brussels, belgium where they have neutralized an individual who was wearing a bomb belt and carrying a backpack that may have had explosives in it. The markets are weaker since the news broke. Well be right back with more. Times up, insufficient were on prenatal care. Es. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier,. Online u. S. Equity trades. You realize the smartest investing idea, isnt just what you invest in, but who you invest with. Hey, im the internet i know a bunch of people who would love that. The internet loves what youre doing. So build a better website in under an hour with. Gocentral from godaddy. The internet is waiting. Start for free today at godaddy. Liz we know fedex delivers but will it deliver blockbuster earnings in a few minutes . Let me right now get to Nicole Petallides on floor of the new york stock exchange. Liz, watching fed, closely. Dont forget over the last several days it closed in record territory. Today after the bell, well wait to hear earnings and forecast for 2018. What is interesting five of last 10 earnings reports missed analysestimates. Last two in particular. So everybody will wait and see whether or not they meet or exceed and what the outlook may be. On the Conference Call following will they say they will also raise like ups announced today, ups, says they are during very busy shopping times going to raise their rates. That would be on black friday, cyber monday, and the week that goes right into the christmas holiday. That will give retailers a tough time against amazon in particular. Liz . Liz thank you very much. Two minutes left before we hear the closing bell. Conventional stock wisdom dictates once you hit the price target you should start selling. Jordan kimmels target for s p, 2440. The markets blew past that yesterday, 2453 but they are below it now. Jordan, what do you do when you see the market may close at lows of the session, due to concerns about the belgium explosive belt that had bonn off . Liz in my monthly note i wrote to clients best thing to do stay off page one. If read the news almost impossible to invest. Looks likes were going to war in five different places. Washington is a circus. Focus on your portfolio. Ive been a stock picker. It came to my target, which means you dont get excited and all enthusiastic. You lay out and moderate the risk. We have a great looking portfolio that looks super. That is what im focused on. Liz it does scare people. Usually traders dont scare easily. We did hear about military shooting, suspect wearing, explosive belt inside of a beium ain station. It spooked markets. Ing of course. Liz when it comes to their portfolio what should they be doing and what should they be buying . Im focused on quality. It is not a time where rising tide lifts all boats right now. You cant follow stories. You have to watch valuation. Ive been talking a couple years about mixing of extra financials, corporate governance, transparency. We call it facts. My model always insist on Revenue Growth and margin growth. Follow that with solid accounting conservative accounting management wellrespected, High Quality Companies and liquid companies. Not story stocks you know nothing about. Liz youve got to make sure each stock you want to buy rings the bells you articulated. Yeah. I have lots of screens set up. If you get through all of my screens youre a superstar to begin with. We look at technical analysis. [closing bell rings] i havent met a single bull in years. Look at your portfolio, stay off page one. Liz jordan kimmel, thank you very much. Dow twoday record closing streak is over. The dow down 5points at the moment. Let me get to david and melissa with breaking news. David because stocks are sinking into the close. Dow and nasdaq and s p following suit. Im david asman. Melissa im melissa francis. This is after the bell. We have more on big market movers. Here is what else were talking about in this very busy hour. Major tax cuts, Health Care Reform happening this year. Paul ryan talking to manufacturers on the merits of the republican tax plan. What iin it and how they are going to pay for it. Could we have seen sean spicers last press briefing . More on his new role and who could ke