Controversies behind him with a very busy schedule, he will meet with pope francis, Emmanuel Macron and israeli Prime Minister benjamin netanyahu, but the Political Drama of the big topic of conversation is just that. Here in las vegas at the annual Hedge Fund Conference as weve seen celebrated in gains this week, a powerful lineup to discuss all of the news. Former u. S. Ambassador to saudi Arabia Robert jordan. Billionaire Real Estate Investor sam zell how he thinks the Trump Presidency could affect the economy and the worrisome warning sign in real estate. Lifestyles of the rich and famous host robin leach is here live, hell share thoughts where and how the wealthy are investing and spending. Living in luxury 2017 style. Were less than an hour to the closing bell. Look at the dow, up 175. Live in las vegas with the power players from wall street and beyond. Lets start the countdown. Breaking news capping off a week of market ups and downs and political highs and lows, the smartest money and policy minds in the world are jamming the ballroom at the bellagio in final day of the salt Hedge Fund Conference in las vegas. Former u. S. Ambassador of nato, his name is nicholas burns, said before he got off the stage, telling the crowd the only way to get a solution in syria is for russia to be a part of it. Burns calls russia the dominant Regional Force there and they have to be a part of anything particularly because, and this is his words, president obama had pretty much removed themselves and they did not move on crossing the red line and therefore, russia now has come in and filled that void. One of the most widely attended discussions was the activist investor and billionaire bill ackman. When asked what President Trump should do to get the focus back on the presidency versus on the russia investigation, ackman said he needs a win and the only place to get it is with infrastructure, not health care. Ackman said the health care clip is absolutely a concern but too difficult to tackle. Trump should drop it for now. We know hedge funds had measly returns. When asked about that, he said the Hedge Fund Industry should compromise on fees and cut them if it cant get returns above 20 . On the Chipotle Mexican Group stake he has, quote, i took advantage of chipotles crisis, he says he bought chipotle around 380 a share, you see it now at 7, aual high 499. Hes in the money right now. Why did he buy chipotle . This is the way he thinks, he said chipotle is a long runway, huge potential in breakfast, dessert, catering. They havent done that yet. They dont have an app. Theres a huge runway there. Of course, the valeant loss, he had just loss so much so much money there. With the money he sold at a loss, but with that hes going to make two investments that he hasnt announced yet, but with the money he got from selling the rx valeant, hes bought into two things and hopefully know soon. The Lesson Learned from the valeant disaster, dont rely on management ever. Check the markets right now. The dow rallying significantly here, up about 176 points at the moment. Its fascinating to see, we have to see another major leg up to erase the weeks losses. The s p 500 to finish to the downside but its moving higher by 21 points, about just under a percent. The nasdaq looking good, you can see the reflection, the charts are looking a lot like each other with the intradays. Nasdaq jumping by 45 points. The russell is looking up significantly up just about a percent. Hard hat stocks are the Building Blocks of the rally today, works well with what bill ackman said, do infrastructure first, caterpillar up 2. 5 . Deere moving higher, surging after reporting earnings well ahead of expectations. Deere raised profit forecast for the rest of 2017. Maybe you own that stock somewhere in the portfolio, both widely held. What a week for the dollar. Strong dollar, and delayed tax refunds are tripping up foot locker with every action, there is an equal and opposite reaction. Foot locker down 16 . Both factors flying into a dip in sneaker sales that made for disappointing earnings. Stock down 11. 56. We should get you this breaking news, President Donald Trump departed, hes in the air for very first overseas trip as commander in chief. The president vowing to strongly protect american interests during that trip. Were going to get to the specifics of the trip in just a second but with all the turmoil back in washington, can the president pivot the narrative and focus on International Diplomacy . Blake burman live at the white house. Blake, give us a preview. We know hes meeting not just with the house of saad but other World Leaders. Reporter i can tell you whats interesting at the white house . Can you hear the birds chirp. It is deadly silent. This is a massive trip the president is undertaking, left the white house about an hour ago, almost the first time we felt calm at the white house. Hes on a nineday trip that will be embarking all across the world. Several different countries. First saudi arabia, over the weekend, and then to israel and over to the vatican, that is part one of this trip that the president will be undertaking as he will be dealing with leaders in three of the dominant religions and after that, he heads over to discussion with nato leaders in brussels and then over to the g7 summit near sicily. Already on this day as the president is in the air, on air force one heading over to the middle east, the administration is hailing a rather large arms deal with the saudis, to the name of 110 billion, a deal which the white house confir to fox that Jared Kushner was a major player in brokering that deal. Senior Administration Officials say its a deal that will make that region much safer, including it being safer from the iranians. However, senior version officials quick to point out this is not a deal at the expense of the israelis. Senior Administration Officials saying, quote,ing here, i need to stress there is nothing in the package of sales taken individually or as a whole that will undermine israels qualitative military edge, as a matter of law and longstanding policy, the United States is committed to ensuring israel maintains qualitative military edge in that region. Saudi arabia over the weekend, israel, the vatican and so forth. By the way, as the president heads overseas, doing so without a nomination to become the next fbi director. Multiple white house officials telling me that decision would not be coming today even though President Trump said yesterday it will be coming quote very, very, very, very soon. Liz . Liz and Charlie Gasparino break on the show, slight conflict of interest because of course Joe Lieberman works for a law firm where the lead guy is Donald Trumps lawyer so, that would be interesting to see. And we certainly were, i believe the first to point that out. Leave it to fox business and Charlie Gasparino, who will by the way, be coming up with more breaking news in just a few minutes. Hes schmoozing i mean networking. Thank you, blake. Investors at the salt conference certainly watching the market lose this week as the drama at the white house threatened to disrupt the trump economic agenda. Billionaire sam zell is no different. I hosted theanel withim, afterward i t down with the Expert Investor and pretty much the father of real estate investing. Equities and much else. Listen to what sam zell had to say about the economy under President Trump and whether the current Political Climate change is the way he invests and what hes worried about. The perspective about the economy right now is that, you know, trump as a factor, has changed the equation, in october if you asked me, i would have said i thought we were in the eighth inning. I think maybe trump has generated extra innings. Now how long that will last . I dont know, but the markets been going up since march of 09 so its a long time. Liz you as an Expert Invest norreal estate and equities and everything else, you look at the situation going on right now with russia. Calls for an investigation, investigations being launched. Does it change anything that you do when you invest . Certainly makes you very cognizant of the political risks in any situation, but i personally dont think that whats going on right now is anything more than an outsider coming in, upsetting the local boys gang. Liz as we talk about whats going on in the salt conference. Ben bernanke was the opening keynote speaker. The former Federal Reserve chief said when asked about what would trigger the next financial crisis . He didnt want to really specifically say but did throw out shadow banking and the cycle of commercial real estate. Ats your bailiwick, thats your world. Sure. Liz what inning are we in with commercial real estate . What are we seeing . Everything comes down to supply and demand. In the commercial real estate market, the Great Recession effectively deferred a lot of activity. We think catching up pretty significantly. Were building more apartments this year than we have in the last 25 years. Were building a lot more hotel rooms. A lot more office space, whether theres going to be demand for that, i think is a good question, and thats what bernanke is making reference to when he talk about the vulnerability of the system with commercial real estate. Liz you buy and sell a lot here. Whats liquidity like . Liquidity has been going down for the last 12 months. For a while, there liquidity in commercial real estate was amazing. You put something on the market and there would be 12 guys wanting to buy it or if he wanted to buy something, 12 guys competing with you. Theres been a definite reduction, particularly in anything except the very much to the market that peels to commonwealth funds and people like that. Liz why do you think that is . Well, i think that its a long cycle. Theres a lot of money made. A lot of change in value. At some point, everybody looks at their toes and says has the emperor got clothes on . Thats a good qu as it relates to commercial real estate. Liz whats your favorite investment right now . I know youre doing some parking garage structures in south america. What do you look at and say thats a place thats going to do well from here and maybe the next five to ten years. I dont know about that, ill try to answer your question about what im most excited about. We built a bridge. For years i lied to people and told them that i had a bridge to sell them. [laughter] but i didnt. Now i do. And we built a bridge from chula vista which is the southern most point of california over the Mexican Border into the tijuana airport, and this year, two Million People will cross the pedestrian bridge, will cross the bridge going either way, and its turning out to be a great infrastructure investment. Liz which is kind of fascinating. I did ask whether he is a supporter of President Trump, and he said im not sure i would say supporter but given the alternative he was absolutely on board with President Trump and says that that bridge, by the way, everybody who crosses it is legal. See more of my interview with billionaire sam zell in todays claman confidential. Go to lizclaman. Com. How easy is that . Much more exclusive material from out here at the salt Hedge Fund Conference. Im not the only one in sin city. Maria bartiromo here as well. We mentioned former fed chief ben bernanke, shes got him on wall street week and stick around for property man bob massi on how the global water crisis will change how you live. Be prepared. Property man will help you do that, 8 30 p. M. Eastern only on fox business. Were about 46 minutes away from the closing bell. President trump escaping the socalled swamp for his first overseas trip, but is his domestic agenda still intact . The market showing signs of relief today after this weeks tantrum. The dow up 144. Expert traders will tell us what they think as we spin it forward to next week in todays floor show. Live from the salt conference in las vegas, nevada, robin leach joining us in just moments how the billionaire class is spending its money today versus back in the 80s. More countdown on the way. [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. 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 adempasĀ® 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. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacementā¢, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with youā¢. Liberty mutual insurance. Liz 39 minutes before the closing bell rings, were looking certainly at the dow and the s p. While the nasdaq is on pace to snap four week long winning streak. Dow is up about 139 points, but what happened, you guys . We were up 175 when we started to show. According to bank of america u. S. Equities saw 9 billion in outflows pulled out in the week up to wednesday. This is the Third Straight week of outflows for u. S. Stocks, something the guys at salt conference are talking about. Has trump turmoil as people are calling it, turned investors a little nervous about investing . Or will they shake it off . Right to the floor show, traders at the New York Stock Exchange and the cme group, everybody, guys looking for entry point because the market has gone up and up and up since President Trump was elected. One day were down more than 300 points, theyve missed it, matt. They certainly have, but i think smarmoney asou said is finding exit points. You see all the money withdrawn from the u. S. Flow, going into europe right now. Thats where the en vogue trade is. People missed the trade, panicky, and pay up for it today. We need to break through the key resistance levels in the s p and the dow, need to set a new high, i think, to get people on board with the rally, if its believable. Liz i think youre right. Weve had the worst week for the u. S. Dollar in a year, and were suddenly seeing the resurgence in the euro. Chris robinson as we look at landscape and europe looks like the cool kid in the cafeteria versus the u. S. , is the opportunity in certain pockets of the u. S. , where are you seeing the investor flows going into certain areas . Youve got people getting away from the u. S. Dollar, thats number one. Were at sixmonth lows, given back a huge chunk of the rally that we enjoyed postelection night. Thats what i watched carefully. Also a return from volatility. A 24 year low in the vix to a 7month high. That portends well for banking stocks and so on and so forth where people are trading, volatility is the light part of trading business, id like to see that come back, id like to see, you know, return there, other than that, i think what you said is correct. Weve got to get to 2400 in the s p and 21,000 in the dow. Liz well, can we also bring up the Federal Reserve . You have the nonvoting member, john bullard over at i just i couldnt believe it. He announces that two more rate hi too aggressive for the year. And what do we see on futures . Last week 90 chance, james bullard, 90 chance of seeing a june rate hike. Now 73. 8, but earlier when we saw the big dip, phil flynn, it was below 60 . That certainly affected oil but there are other drivers there. Oil is a big winner and saw the 18th week in a row of the recount going up. It is, ill tell you why, liz, its because of the bigger geopolitical situation thats going on in the world. I mean theres a lot of risk going back into oil. You ask chris what you think the best sector to invest in . Probably the sector beaten up more than anything. That is oil. Not only do you have the iranian election creating uncertainty, you have the upcoming opec meeting next week and rumors that opec could double down and add to the production cut, actually make a bigger cut rather than expending it to next march. So that can change the dynamic. Now you add all of the geopolitical uncertainty, not just here in the u. S. If its only about donald trump, i dont think wed be that worried. This is about other countries around the globe. A lot of instability in brazil. A lot of instability in iran, in syria. You put that altogether, the risks have gone high. When you see one fed official start to waiver about Interest Rates cuts, for traders, its here we go again. Weve seen the story before, the fed promises were going to be more grace identify rate cuts, it doesnt happen, im afraid were getting back into the old story. Liz the frady cat. Good to see all of you guys. Matt, chris, phil, have good weekend, gtlemen. Closing bell ringing in 36 minutes. Cisco a drag on the dow 30, still selling off. Second day in a row after giving weak guidance in wednesdays quarterly report. Not so for auto desk, driving higher after betterthanexpected Quarterly Earnings and upgrades from at least not one, not three, four firms, it was helped by strong subscription growth. Autodesk up more than 30 this year anyway. Today, its the s p 500s biggest gainer. Next, champagne wishes and caviar dreams, only one man in the world coined that, but those dreams are so yesterday. How the lifestyles of the rich and famous have changed since the Great Recession, and will President Trump making rich acceptable again . The one, the only robin leach. Im going to do my imitation of robin leach. Its not a good one. Liz when we come back. Stay tuned. Whether youre after supreme performance. Advanced intelligence. Or breathtaking style. Theres a cclass just for you. Decisions, decisions, decisions. Lease the c300 sedan for 399 a month at your local mercedesbenz dealer. Muck. Liz it hasnt been all work and in play here in vegas. Last night we got front row to see 80s rock superstars duran duran. I showed up a half an hour early, yeah, i was a place setter. We were so close to the band that we sang a along with them. There he is holding out the microphone. We had peter schiff, a big gang there Morgan Stanley are, the rest of the crowd sang along to rio, hungry like the wolf. They didnt play please, please tell me now, though, which totally bummed me out. Living the lifestyles of the rich and famous. Yes, i had a glowstick crown. What . I had their poster in my dorm room at berkeley. Duran duran. Were joined by a man who knows all about what it means to live that life, former host of the lifestyles of the rich and famous be, robin leach, good to have you. Its good to be here. 80s music for an 80s crowd. Liz oh, absolutely. They were watching something that just happened. Sothebys broke a record for the sale of a painting, 110 million but it doesnt get sold here to this crowd. Hid liz why do you say that . Because they dont have as much money here this week with delegates at salt as they have in the south of france, china, the russians and liz thats the painting. What do you think of it . Its a cull. Its a mess. [laughter] liz the buyer, we understand, is a japanese of course. I hope he hangs it in the staff canteen in tokyo. [laughter] liz lets talk wealthy are spending differently now than they did back when you were covering brooke shields. I think theyre still spending the money that they spent back then. And i think, you know, in the introduction when you said President Trump is going to make it okay to be rich again, i think thats true. Theres beyou know, the Previous Administration didnt like rich people, they didnt think rich people should exist. But, you know, they thought they were robin hood where they robbed the rich to give it all away to the poor which is cruel and an inhumane way of running life, by the way. Liz youve been a barometer of great wealth and watching every step of it through the late 70s, 80s, 90s. Speaking of president obama, you say Previous Administration, the number of billionaires before and then after. And its quite apparent that the wealth gap and whatever was done by the Federal Reserve to keep rates very, very low was a big driver of the number of billionaires. As you can see on the screen, 2043 after president obama and before that 1125. Almost a double. Liz almost a double. Where are they spending their money these days . [laughter] well, that lunatic spent it on an ugly painting. [laughter] liz its gigantic. Youve got a lot of mergers and acquisitions going on where people are spending corporate money to make their coffers even triple this size. In size. Youve got, youve still got the eccentric billionaires wanting to fly into space and create cars like the jetsons. So a lot of the expenditure is really in growth liz creation almost. Corporate growth that will do good for jobs. But then we also have these people who still want to have the largest yacht in the world, the fast itself car in the world, the biggest spaceship in the world. Its not unknown for millionaires to have billionaires the their own 747 private jets. We dont hear about them, theyre not as flashy as the ring from cartier. But theyre spending the money. They are spending the money. Liz you talked about President Trump. You attended his wedding, his second wedding to marla maples. Back then i think ive attended all of donalds weddings. [laughter] and there have been many. Liz but what was that like back then as you see . I mean, hes known as living in the gilded trump tower. There you are back in the day. Nice tie. I forget where that was. [laughter] liz marla maples wedding. Look, the image of donald trump with gold everywhere was really ivana. Ivana was the woman, the wife who took out the brush and painted everything gold. Liz how do you see ivanka in this day and age where World Leaders are reaching out to her . Thank goodness there are babies waking up in the morning at three a. M. So she cant tweet. [laughter] shes going to accompany the president on this trip around the world, which i think will be a good thing for him to get out of washington and get all this nonsense thats going on stopped. Liz good to see you. Weve got to leave it there. Thank you so much. You got it. Liz before we go, strolling down the champselysees, valerie perinne, my imitation of robin leach. Well be right back. Im gerri willis on the floor of the New York Stock Exchange with this fox business brief. Ridesharing company uber has announced plans to bring its ridehailing services to the world of trucking. Uber freight will connect professional truckers with folks who have stuff that needs to be hauled over long distances. Drivers can expect to be paid within a few days feefree. Aside from posting lower sales, campbells lowered its Sales Outlook for the fiscal year. Sales down more than 2 today, but things may be turning around for Lumber Liquidators rallying on an upgrade from oppenheimer. More coming up from liz claman from las vegas after the break. Stay with us. So new touch screens. 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. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Liz at this hour President Trump is about a half an hour enroute into riyadh in saudi arabia. He departed from the u. S. Just over an hour agoing from Andrews Air Force base for his First International trip. Its going to be about nine and a half days long at this point. The white house will announce and then renounce certain deals, and they all add up to 310 billion 110 billion. These deals will be between saudi arabia and the u. S. , and they include schlumberger, halliburton, baker hughes. Those are big oil patch names. Everything from discovery to, of course, you know, bringing out the oil from the ground and putting it out there for consumption. Now, we also have the ceos of jpmorgan chase, citigroup, Morgan Stanley, blackstone and dow chemical joining the president ial delegation and taking part this discussions about how to strengthen economic ties with the saudi kingdom. Business is back. Our next guest recently returned from riyadh and served as the top diplomat from 20012003, ambassador robert jordan. Great to have you, ambassador. Thank you for being here. Hi, good to be with you. Liz it sure looks like its the start of a new day and a new way of dealing with a arter in in the middle east a partner in the middle east. I think this is a huge breakthrough. Some of this had the groundwork done, of course, during the obama administration, but its now coming to fruition. And i think this shows that the saudis very much want to be part of the global world economy. They want their recognition. They are now the 19th largest economy in the world, and they have ambitions to be even more significant an economic player in the future. Liz we can tackle two things here, the oil deals with the companies we just mentioned, and then well get to the arms deal that weve just made with the saudis through President Trump. And yes some, thats why we said renouncing some. President obama had put some of these wheels into motion, but for donald trump, this looks like a big win. Talk about our relationship with saudi arabia, and as i understand it, you just came from riyadh. Are they excited about him coming . Describe what youve seen there. Theyre very excited about him coming. They are marley happy that he is particularly happy that he is not barack obama. He has, i think, captured their imagination. He has made it clear that he does not intend to pursue obamas policy of, as they see it, cozying up to iran. And i think they view President Trump as someone they can do business with. Liz i find that really interesting because they obviously, probably looked at what happened in egypt where president obama did sort of clear the way for the Muslim Brotherhood after mubarak was ousted, and then they probably are concerned when they see stuff like that. Exactly. Liz lets get to defense deals that are happening here. You can only imagine that this has boeing and Lockheed Martin and other names licking their chops. I just came from omaha, nebraska, the Berkshire HathawayShareholder Meeting where Warren Buffett bought precisioning cast parts whh isnef the biggest makers of airplane parts. And right there on the screen, that white piece on the ground just below the picture, it allows the f35 to hover. What would you imagine is a boon to Companies Like precision cast parts and a Lockheed Martin with this relationship . You have to assume its really positive. One of the things i think we need to look at though is the saudis are really intent on trying to develop their owning capability, and so some of this may actually be a job creation mechanism for saudi jobs with american technology,merican advisers, american supervision to Start Building some of these military parts on their own. Theyre the worlds Third Largest consumer of military hardware, and i think they decided they want to start making some of it at home. Liz okay. And weve got about ten seconds, but are the saudis and the u. S. On the same page when it comes to battling isis . Absolutely on the same page. And the saudis are very much in the crosshairs of isis just as americans are, and theyre shoulder to shoulder with us fighting that kind of terrorist attack. Liz well, lets hope theres some success on that front. We need that. Good to see you, ambassador. Thank you for joining us. Thanks much. Liz ambassador robert jordan, former u. S. Ambassador to saudi arabia, just back from riyadh. Closing bell, were going to see that in 15 minutes. Charlie gasparino live with me here in the big sin city but with his ears to the ground in d. C. A new white house shakeup breaking just an hour ago. The Goldman Sachs executives saying so long to the administration and the key white house player who could be getting even more our. Charlie breaks it next on countdown live from las vegas and the salt conference. Dow is up 132. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp theres nothing more important than your health. So if youre on medicare or will be soon, you may want more than parts a and b heres why. Medicare only covers about 80 of your part b medical expenses. The rest is up to you. You might want to consider an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like any Medicare Supplement insurance plan, these help pick up some of what medicare doesnt pay. And, these plans let you choose any doctor or hospital that accepts medicare patients. You could stay with the doctor or specialist you trust. Or go with someone new youre not stuck in a network. Because there arent any. So dont wait. Call now to request your free decision guide and find the aarp Medicare Supplement plan that works for you. Theres a range to choose from, depending on your needs and your budget. Rates are competitive. And theyre the only plans of their kind endorsed by aarp. Like any of these types of plans, they let you apply whenever you want. Theres no enrollment window. No waiting to apply. So call now. Remember, Medicare Supplement plans help cover some of what medicare doesnt pay. Youll be able to choose any doctor or hospital that accepts medicare patients. Whether youre on medicare now or turning 65 soon, its a good time to get your ducks in a row. Duck quack call to request your free decision guide now. Because the time to think about tomorrow is today. Liz this is just happening. It is a folk business exclusive. A former Goldman Sachs guy and a member of President Trumps cabinet them to knees nominees has withdrawn his name from consideration. He is executive jim donovan. Hes leaving secretary Steven Mnuchin without a second in command at the treasury. He was going to be deputy treasury is secretary. Charlie gasparinos the guy breaking this news. This isnt really the news, doning van leaving. Thats out there. What is news is what were getting from the white house in terms of Reince Priebus future. Now, we should point out Reince Priebus, chief of staff, has been rumored about leaving the trump administration, being replaced this a massive shakeup. We are hearing from white house officials that the president , essentially, is weighing that haley. And the two names heavily. And the two names we hear could be his replacement, gary coap, the former number two from Goldman Sachs, you lose one jim donovan used to work at goldman, and thinking about mulvaney, the budget chief, is in the running. Netnet, from what we understand, the president is leaning towards gary cohn who he likes, respects, whos a democrat, by the way, so itll be interesting. Liz hes a fiscal conservative. He truly is. Hes one of the most fiscally conservative people i, i he is not a guy that believes in, whos been a longtime devotee of supply side economics. That doesnt mean he hasnt had a last minute con version but, you know conversion but, you know, be that as it may, trump believes hes an effective guy to facilitate what needs to be done which is a legislative agenda liz thats easy to see. Yeah. And he will do that. So those are the two names. Heres the fascinating thing, i think, about this story. Yes, rumors been out there, im hearing its more imminent. When we asked him this, i can confirm donovan is out. Okay, we got that. They put out the statement. As for your other question, this rumor has been going out for months, and it hasnt happened. Full stop. No denial from the white house that priebus is on the ropes and that trump is actively considering replacing him. And im telling you, were here at the salt conference in vegas, i mean, theres a lot of rich money guys here that have contacts this washington. Thats where i got some of this, some of the speculation about this, that its happening. I went back to washington and checked and, indeed, this thing, theres active talk in there among trumps inner circle. Now, cohn would make sense for one other reason, very close to Jared Kushner. As you know, Jared Kushner be, trumps soninlaw, i guess Senior Adviser is his title, is maybe the most powerful Single Person other than the president himself in there. Hes closer to cohn. You could see how that could happen. But this is really interesting. Two things, a Goldman Sachs guy is going to be draining the swamp, okay . If this happens. Number one. Number two, a liberal democrat will be replacing an establishment republican as chief of staff. Liz and thats why we come here, but we also come here to its no surprise about working out here. I work out every today here. I work out last year i worked out with general petraeus because he was here. Guys in great shape, and whod you work out with today . I went to a flywheel class with hedge fund giant steve cohen. What was he like . Hows he look srts . Liz i was too busy looking at myself. Does he wear shorts . Liz he was so in shape. Listen, we were all blood dripping from our jaws. Steve cohens in good shape . Liz absolutely. To do that class, very hard. Youd probably start fall off and start crying. You must be really kissing up for an interview. [laughter] liz i didnt say he was in better shape than you. We saw steve cohen here late yesterday. Great guy. Hes a survivor. I hear hes coming back. Hes going to reopen what used to be sac liz ill ask him at the next flywheel class. Break some news. Liz we are. Trying to take on peloton. The dow is up 133 points. Well be right back. Thanks, charlie. 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. 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 adempasĀ® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. And get medical help right away. Ask your doctor about cialis. Liz three minutes away from the closing bell. We have markets in the green today. But in the red for the week, i want to bring in managing director because right after salt last year, you made a big for everybody on fox news and fox business. Guys, ill see you back on monday. Melissa yeah, we will see you back here, liz, on monday. But what a way to start the weekend. We are ending up and settle david more on the big Market Movers but heres what else we have for you in this very busy hour. Wheels up President Trump now on his way to saudi arabia