tv Countdown to the Closing Bell With Liz Claman FOX Business July 13, 2017 3:00pm-4:00pm EDT
cbo chief dug elmendorf, donald marron are in the chairs with complete break down what this all means to you. to wall street right now though. in of itself a breaking story, stocks fighting to stay in the green. we race toward a record close for the dow. the nasdaq briefly turned negative past hour. dow at one point had been down one point. high as up 35. things could change at any moment of course. yesterday's loser is today's shining star. the retail sector bouncing higher after target boosted its
guidance, saying retailer is doing pretty well in face of competitive environment. translation, amazon. right now target up nearly 4 1/2%. target taking other retailers along for the ride. jcpenney, macy's, look at kohl's, up nearly 5%. walmart. all seeing green, not just a tiny bit. not just up 1%. jcpenney up 7%. still a $4.95 stock. by the way, walmart is one of the toppersage gains on the dow. look at u.s. hospital operators and health insurers falling any moment. half a percent down 5%. after senate republicans unveiled, pardon me details of the new health care bill. adam shapiro has been parsing through this, revised draft, call it, right, adam? >> absolutely a draft. the key to the scorecard, that the ted cruz amendment, whether or not it will bring enough people together to vote yes.
as you pointed out, liz. you have susan collins of maine who at this point a no vote. just bringing it to the floor for debate. you have rand paul, also a no-vote on all of this. read you susan collins tweet. this is what is so key here. still deep cuts to medicaid in senate bill. will vote no on motion to proceed. ready to work with gop and dem colleagues to fix flaws in the affordable care act. when we talk about the ted cruz proposal it, would lower premiums for people who buy insurance by allowing insurance companies to sell insurance plans that do not meet the obamacare regulations, as long as they are offer one plan. that does meet those regulations and those regulations being preexisting conditions. the concern is that it will drive up the cost for people who buy insurance that cover as preexisting condition. so all has to be reconciled.
then you get people like rand paul who oppose because it doesn't do anything to control the cost of health care which he keeps worrying is spiraling out of control. here is what he said about all of this earlier today. >> i think it is worse. the old version repealed most of the obamacare taxes. this repeals about half the obamacare taxes. we were elected on message repeal. this bill doesn't repeal obamacare. >> it doesn't repeal for instance, the 3.8% tax on investment income. that is one of the things that republicans promised to do but it has survived, what is called the senate's version, the better care reconciliation act. then you get senators jeff flake out of arizona, where the medicaid expansion has been crucial who are concerned that the medicaid cuts which are still part of all of this, are too drastic. here is what he said about potentially even letting this come to the floor of the senate for debate. >> are you willing to vote for motion to proceed right now? >> i'm still digesting it.
>> i am still digesting that. that seems to be the kind of duck and cover several senators have. rob portman is waiting until the cbo scores this bill. so you have two scores we're waiting on. one is bill with ted cruz amendment. one is the bill without the ted cruz amendment. if that cbo score doesn't come in, well, all bets are off. liz, back to you. >> am i mistaken, did we not hear rand paul say during the same interview he believes there are at least four senators, forgive me, i thought i had heard there are four senators who don't like this? >> i know a great many senators like it but they're not going out publicly saying where they stand on it. so far the only ones willing to publicly say there are, for lack of a better term no, you have got susan collins and you hurt others where they stand just allowing debate on this. liz: at least there seems to be a tiny ray of light here on movement regarding this, thank you very much, adam. we need to go to paris right now. have they sat down yet? no, not yet.
they're standing there waiting, camera people as i say, where president animal -- president and melania trump, breaking baguettes. >> i got it. liz: that is clever. first family of france will join trump and hosting them. president trump visiting as bastille day or independence day guest, as guest of emannuel macron. they held a joint news conference gave as you lot of news. tackled issues like global security and trade but the president for the very first time speaking publicly about the controversy around a meeting regarding his son, donald, jr., had during the presidential campaign. a meeting with that russian attorney who was supposedly offering incriminating information on hillary clinton. let me bring in blake burman. blake, during the same news conference president trump said
quote, something good could happen regarding the paris climate accord. what is the world focusing on with all that came out of the news conference? >> liz, president trump standing there in the heart of paris along with french president emannuel macron. as french media got first shot at asking questions, no surprise the first question was about the climate agreement that bears that city's name. macron said this was campaign promise drawing united states out of paris accord and acknowledging that is what president trump ended up doing and president trump didn't make it seem if he would be reversing his position anytime soon, either. listen. >> something could happen with respect to the paris accord. we'll see what happens but we will talk about that over the coming period of time, and if it happens, that will be will, and if it doesn't, that will be okay too.
>> then the american media got its shot at some questions. that is when the issue of donald trump, jr., came to the forefront during the question and answer session. the president defended his old etf son, calling him a wonderful and great young man and say anyone in his position would have done the same thing. >> most people would have taken that meeting. it is called opposition research or even research into your opponent. i've had many people, i have only been in politics for two years, but i have had many people call up, oh, gee, we have information on this factor or this person or frankly hillary. that is very standard. reporter: liz, as you know opo is nothing new in the game of politics. the president called it very standard. however his own hand-selected fbi director nominee christopher wray when he was on capitol hill yesterday, when he was presented with a scenario what don, jr. ended up finding himself in, he suggested that the correct course of action would be to
pick up the phone to call the fbi. liz? liz: thank you very much, blake burman. i want to look at markets here. we know the bulls are bounding down wall street. as i'm looking through the s&p, leader on the s&p is gap stores. it is jumping about 5%, nearly 6%. we also have the laggard, the parent of our company, fox a, on some news about sky and the sky tv deal where there may not be a new remedy at least in the near future. so right now as we look at these laggards, there is seagate technology and twenty-first century fox, the shares that are under fox, versus fox a. what is behind at least the bull charge for the dow. let me go to the new york stock exchange and nicole petallides. >> hi, liz. most sectors are to the upside today. you see we're up about 13 point right now. earlier in the day when oil broke below 45 bucks, that put pressure on market. when we broke through 46, that helped things along. ultimately we're watching for the cpi report tomorrow.
here is some of your dow leaders. including some of these retailers. walmart getting a boost because of positive comments from target. target saying missing more store traffic and see giving us optimistic outlook. target up 1%. apple and microsoft moving higher. financials we'll get nice numbers tomorrow. i spoke to keith bliss and here is what he had to say about the market. the market is on a nice edge. it may grind higher but any disruption could send it tumbling. that is from keith bliss. a little skiddishness, still optimism from wall street. back to you. liz: nicole, you want to see if money runs you out soon are rather than later. let's listen to q and a about social security and medicaid. >> my question is, does the president's tax plan make it harder for the united states to afford social security and medicare especially at time when
the american population is aging? thank you. >> no. quite the contrary. and let me just say, as i have said before, there is no point to look at outside scoring of the president's tax plan since we haven't fully released the president's tax plan. so i don't think anybody can adequately score it. but, as we have said, we are committed and we expect late they are summer to release the full plan. we've been working very closely with the house and the senate. and which are committed to get tax reform passed this year. and as i have said, as trustees, we are very committed to the trust fund, and number one way to grow the assets of the trust funds is to grow the economy. so we are focused through tax reform, regulatory relief and trade to get back to 3% or higher. >> [inaudible]
does the administration have any plans to increase the number of workers in small companies that don't have on the job retirement programs to actually have them? and as a second question, do you plan to keep the obama's administration's mira program? >> i will ask secretary acosta to come up to talk about the first part. >> so, we certainly want to increase the number of workers in all sectors of the economy. we are, we have a very, very low, record low unemployment rate but the labor force participation rate can certainly increase and through apprenticeship initiatives and through other initiatives we want to increase workers in all sectors of the economy, small business, and large business, focus on manufacturing. we need to get more americans back to work.
>> secretary price, let you take that. >> trustees report reflects current law, so it reflects the affordable care act as it currently exists. >> cq roll call. could you elaborate on why you think there are fewer applications for disability insurance and fewer awards extending the depletion date by five years? >> so it is not for me to speculate as to why there are fewer applications. i will say that as the labor market tightens, you know, i think it's natural the see that individuals have more work opportunities, and more
individuals are working. and that could be one of several explanations. but, again, i do think it's dangerous to speculate further. >> hi, with cnbc. the president on the campaign trail vowed not to touch social security and medicare. does that mean that he is also committed to vetoing any legislation from congress that might touch those programs? >> i'm not going to comment or speculate on what the president will do if there is legislation passed and delivered to his desk, but i will say the president's number one focus, as we've said before, is to grow the economy and growing the economy will grow the assets of the trust funds. >> [inaudible] wanted to ask whether there's been an evaluation of -- thank
you -- impact on the trust funds under a repeal of obamacare scenario. and secondly, for secretary price specifically, if ipab is triggered at some point during, you know, your time here, how would you handle that? would you follow through on recommendations to make payment cuts to medicare? >> well, i'll comment on the first part which is we haven't calculated that yet, but i hope that's in next year's report. with that -- [laughter] >> the trigger of ipab has not occurred, as you know, this year. and so we'll cross that bridge when we come to it. if the economy grows under wonderful tax reform that the secretary's talked about, then we likely won't need to see that. and the report, as i mentioned to the previous question, addresses the policy under current law, and it doesn't factor in any relationship to whatever bills are being considered currently or in the future in congress.
>> take a last question back there. thank you. >> hi. i'm from the hill. economic growth is certainly helpful to reach all of these fiscal goals, but is that going to be enough to extend the lives of these trust funds and make them solvent more than a few years out? >> well, again, i would just make a comment that economic growth will have a major impact. but as the report reflects in our roles as trustees, we have encouraged the legislature to look at different issues. thank you all. thank you for being here. liz: all right. that was stephen mnuchin, health and human services secretary tom price along with labor secretary alex acosta along with nancy berryhill, acting social security director. at the moment, what the news really tells you is that medicare runs out in 12 years. medicare last year ran out in 11 years. but social security is still a little bit i have if. the -- iffy.
the disability retirement insurance runs out in about 2034. but it's a stable, rell tvly stable number -- relatively stable number. remember, you have to compare apples to apples. sometimes they combine both the social security and disability insurance to the older care retirement numbers. so at the moment as we look at this, the market has been about, i would say, locked in half from the highs of the session where we were up about 35. right now the dow is up 16. let me bring in two former cbo directors, doug elmendorf and don marin. great to have both of you, gentlemen. from what you just heard -- and we'll get to the health care draft that's been put out there in just a moment, but this is the breaking news here. is this good news or bad news for social security recipients? donald? >> sure. so, yes, i'll just quickly go first. so the projections that, obviously, these programs, their trust funds run out of money, you know, 12-18 years from now. they're programs that you'd like
to put on a sustainable basis sooner rather than later so that people can plan ahead, so there's a lot of work to be done. obviously, we're not in a political environment that's conducive to that at moment. liz: doug, what do you think? >> i agree with don. we want to make changes sooner rather than later. today we are still phasing in changes in social security that were put into law in the early 1980s because it's important to make changes gradually so people can get used to them. we're already overdue for making changes. but the crucial question here will be what kinds of changes we make. are the changes that we make to put these programs on a long-term, sustainable basis cuts in benefits or increases in taxes? and whose benefits and whose taxes? liz: well, you just heard treasury secretary mnuchin say, and this was his quote, the way to add assets -- translation, money -- to medicare and social security would be through tax reform and the growth it will generate. also known as the anticipation
that the growth it would generate. doug, does that, is that dynamic scoring concept ringing your bell or not quite yet? >> well, i think secretary mnuchin is right about the concept, faster economic growth will extend the life of these trust funds. but i don't think that any plausible increase in economic growth would go nearly far enough to extend these programs indefinitely. and you saw the secretary duck that question. these projections of 3% economic growth per year are absurd projections. we might hit that for a year or two, but to have that sort of growth for five or ten years or longer isn't going to happen in this country given our current demographics. if you look back at the 1980s, say, where we had fatser economic growth -- faster economic growth, the baby boomers were strongly in the labor force, women were moving into the labor force in large numbers. today the baby boomers are
retiring, and women's labor force participation has essentially peaked. so the labor force is growing about 1% per year, more slowly in the next few decades than it has in the past few decades. liz: don, before we move on -- >> and that means lower economic growth. liz: before we move on, let me quickly push back on perhaps what doug said, and there's this great belief that if you cut people's taxes and put more of their money in their own pockets, they will spend more. that'll be better for companies who will then in turn hire. you don't see stephen mnuchin's point? or do you. >> i think if we do an intelligent tax reform, you can get a little bit of boost economic growth, similarly with regulatory reforms. but i completely agree with doug. the notion that we're going to get 3% growth over the next decade is not literally impossible, but probably 1 in 10 or less and not something you should count on given the aging
of a population that's both slowing the rate of our economic growth and bringing closer the challenges in social security and medicare. liz: now let me get to the health care draft that has once been float once again. this time, of course, same, by the gop senators. doug, will it score appropriately well, or are you worried about this one still not quite making it and losing a lot of people off the insurance rolls? >> oh, there's no doubt that this revised legislation will still have a huge decline in the number of americans with health insurance. i'm waiting, like donald and others, to see what the cbo analysts ultimately say. but the core of this bill is still a big reduction in federal subsidies for health insurance that will make health insurance unaffordable or unavailable to millions of americans. the changes that are being made may or may not be enough to draw a few more senators into support. i'm not sure of that. but the essence of the bill is the same as it has been, and
you'll see that in the cbo estimate. liz: and we've got to figure out a way to pay for it, don. best way, in your opinion? >> well, so the question is to pay for what, right? if you take the health bill at face value, what we see today is, actually, they're walking back some of the tax cuts they would have done for high income folks. that no to longer is as much a focus -- liz: right. they're keep anything the obamacare era tax cuts for the higher earners. >> right. so the 3.8% tax on investment income, both are staying in there for high income folks. that, in principle, gives senators something to work with to build a coalition. but it's hard to see how you make the numbers work without having a large loss in health insurance coverage. liz: doug elmendorf, don marin, gentlemen, you can argue with me or not, the cbo is nonpartisan. you have never been pressured by any politicians? ever? >> pressured, but it's nonpartisan.
[laughter] >> i agree with donald. liz: okay. great to see both of you m thank you so much. we also have an active market at the moment with 36 minutes before the closing bell rings. as i said, we started the show up about 26 points, 22, depending, now we're up about 19. as president trump and the first lady head for dinner at eiffel tower, france gets set to really celebrate bastille day which officially is tomorrow. and remember, those lost in the terror attack in nice one year ago? well, how do you make sure that never happens again? the man who rub shoulders with the world's most powerful businessman and political leaders also works on securing their safety at massive events. he'll talk to us about his best ideas on how businesses should engage in protecting their people and everybody else. stay tuned, "countdown"ing right back. ♪ ♪ to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points
liz: the meeting between two world leaders also coming on the heels of the very first anniversary of the deadly terrorist attack in nice. and while it is no secret that france has quickly become a hotbed of terrorist activity, now that france has a new president at the helm, what does this mean for the security of that nation moving forward with the help of the united states? our next guest is not only a global business leader, but was the former producer of the gigantic event known as the world economic forum in davos, switzerland, where some of the brightest and richers minds and world leaders gather. -- richest minds. and he protects them. his company figures out how to make sure they are protected and is currently producing an extremely high-level event right snack in the muddle of paris -- in the middle of paris this september. and i believe that emmanuel macron will be attending that? >> he has at least confirmed his patronage. it is penciled on his agenda.
but as you know, we never know what could happen between now and september 1st. but definitely, if he's available, he has confirmed to me and the co-founder of the global positive forum that he will attend. liz: and as your company puts together these gigantic event, how do you work with security? i mean, when you talk about davos, you've got -- one year i was this you had, you know, the leader of iran, the leader of israel, benjamin netanyahu, and everybody else there. >> to be, to be honest, this is as a paradox much more easy to secure, events like that, because you close everything. you close, you have military armed forces which are involved. the police is involved. and at the end of the day, it's more easy to secure an island than trying to secure an airport or to secure a stadium or to secure other, i would say, public space and public areas. liz: well, we could say that. but, of course, the bat that clan attacks included the soccer
stadium in paris. >> this is exactly what i was saying. unfortunately today, the public spaces are very difficult to secure because you cannot put security 24/7 which was the case of davos, of many other conferences. we know that during three days we are hosting 50 heads of state and 3, 4,000 important people. so the place is totally secured a week in advance. in these public spaces, we have to absolutely, i think, take in consideration now that we're not living anymore in a safe environment. and all this public space, this is my personal opinion, has to be definitely secure. you know, you were, you really had the pleasure to be invited by you a few weeks ago to speak here, and if i remember well, the building was not secure as it is today. you have installed a barricade -- liz: [inaudible] >> and i think this is something which makes sense. liz: well, president trump and president macron have met today,
but also president trump mentioned with each country's generals. no doubt this surrounded the discussion of syria. but as you talk about how to protect businesses, event, the world from -- events, the world from isis and the lone wolves, so to speak, boy, there are a lot of them, from these horrific terror attacks, you say it has to be to government, it has to be to business and it has to be the individuals out there all working together. >> absolutely. i think we have to change behaviors, we have to also be inspired by what is done in some countries. to be honest, we are quite secure now. you know, i always think about a country, jordan, the kingdom of jordan. for the past a 15 years plus, their hotels, their public space, the airports are really secured like blocked. you cannot even access the airports easily. liz: right. that's with israel as well. >> absolutely. israel has the same process. even sometimes, as you know, in
tel aviv by the beach you have also some incidents and some potential risks because you cannot close the city. but we're living in an era when you have a concert, when you have definitely big sport events like the super bowl or any world cup, we definitely now take into consideration that we need to close even if it's not easy for the spectators. i think ladies should not even bring their bags. we should change totally our mentality, and we should accept what we're accessing now in the airports. the transportation rules have changed for the past few years even with fingerprints and many other things. this has to be implemented today. liz: giants stadium, i think i brought a purse this big once, and they said, nope, can't bring it in. it is wonderful to have you. >> thank you for having me. liz: what do you suppose mack and on and trump -- macron and trump are going to eat? >> it's a famous chef, so i'm sure he will be sharing with them all his specialties.
liz: i'm sure it'll be something like one tiny watermelon radish with an essence of carrot. >> consider what are the tastes of president trump. [laughter] and what he likes. liz: of course. >> want to help your guests. great to see you. >> thank you for having me. liz: we will be right back as we watch the dow climbing higher, up 25. ♪ ♪ ♪ ♪ ♪ ♪ ♪
with some big news about type 2 diabetes. you have type 2 diabetes, right? yes. so let me ask you this... how does diabetes affect your heart? it doesn't, does it? actually, it does. type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. and with heart disease, your risk is even higher. you didn't know that. no. yeah. but, wait, there's good news for adults who have type 2 diabetes and heart disease. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your a1c. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction
include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. so now that you know all that, what do you think? that it's time to think about jardiance. ask your doctor about jardiance. and get to the heart of what matters.
♪ ♪ liz: the u.s. already dominates global natural gas production. game, set, match for now. but now there's brand new report out today that says the u.s. is about to dominate liquid natural gas exports to other countries. the international energy agency predicts that in just, you ready, five years the u.s. will be the biggest nat gas exporter.
the author of that report joins us first on fox business, the executive director of the iea. thank you very much for this, this is very interesting news. how did you come to this conclusion? >> we are seeing twin evolution in the united states, shale oil and shale gas. within the last six, seven years, the oil from shale increased substantially only for shale oil production. u.s. now produce as much as iraq shale gas, qatar. big production growth within the last six, seven years. now, this production growth is so much that u.s. is now going to export this gas to europe, asia, other american countries, and what we believe in the next five years, u.s. will be with
qatar and australia top lng exporter. and as such, we've changed the dynamics of natural gas markets and energy security and geopolitics of gas. liz: now, sometimes these things work in reverse, but it sounds to me like this is great news for natural gas drillers and refiners. you don't refine it, but you convert it to liquid. you can't export natural gas, right? >> yes, yes. i mean, one can export natural gas two ways, with pipelines or with ships with liquified natural gas. and what we are seeing is thanks to the united states, australia and other countries, the share of lng will grow substantially, and it will provide flexibility in the markets. liz: what amount of money could we get per unit, per british thermal million unit? because as i'm looking at this, we're seeing that natural a gas at the moment is really cheap. you've got it at $2.97.
>> yeah. liz: could we sell it for more to a country like ukraine who would pay more because they'd love to be rid of their sole provider, which is russia? >> in fact, entire europe, when you look at it, europe gets about 70% of its gas from russia. and with the u.s. lng coming as an alternative to russian gas, europeans are very, very fortunate, because they can now renegotiate the price of gas with russia as they have of alternative to russian gas now. liz: well, it is a fascinating report from the iea. thank you so much for coming first on fox business, fatih. >> thank you. liz: they finally sat down for dinner at the restaurant. right now they're at the eiffel tower restaurant taking pictureses with emmanuel macron and his first lady. there's melania and president trump. in this after a very busy day. remember, bastille day's july 14th. that is french independence day. and then you have the day before
which is today that is the one-year anniversary of a horrific terrorist attack in nice where more than 80 people were kill by a truck driven by somebody with ties to fundamental thinking, islamic fundamental thinking. and here we have them about to sit down and, austin, they're going to break baguette9. >> what? liz: baa get is -- okay, bread. >> bread? liz: and then they'll have salad, and then they'll have dinner. they're now kicking out the cameras, as you see. but anything that happens there that comes occupant of it, we will relate you know. in the meantime, we do have the dow at a record number right now. if it closes right here, it's a brand new record. actually, if it closes up a single point, it's a brand new record. stay with me. we are 17 minutes before the closing bell rings. the media industry, big business taking center stage in the gem state right now, but it's the big deals that are happening on one baseball
diamond in miami that has charlie gasparino mining for answers from that man who's in sun valley. mlb commissioner rob man fred, find out what he had to say exclusively to fox business about the big bats still on deck in the miami marlins' bidding war. charlie wreaks it next. ♪ ♪ you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier, neither will we. optum. how well gets done.
♪ ♪ liz: i know we just talked about oil and gas, but i'll have to rely ongold good old muscles and pedal power when i ride my bike in the new york city triathlon in just a few days, sunday. i'm doing this race for people like this gentleman on your screen, u.s. marine captain james biler injure when he stepped on an ied in afghanistan.
he lost both his legs. what a sacrifice. and, of course, the very, very hard to move -- it was very, very hard to move around in his previous home because he also lost fingers, you know? can you imagine? well, captain's biler's injureds made -- injuries made everyday tasks difficult, but he has a brand new home mortgage-free so he can have a better life. thanks to your help, chris hahn, matt wisner and i, team fox business, doing the triathlon on sunday, closing in on our goal to raise 50 grand. we're at $32,922 with only 174 of you participating and donating. i know it's a lot of our viewers, because the second we get off the air, we check, and we see that dozens of you have jumped in and helped. and, again, i stress we don't care how much. doesn't matter. we just think that everybody should be thankful and grateful and show that.
so go on building homes for heroes.org. we'd really appreciate it if you made a pledge. thank you. well, as the bidding war for the miami marlins seems to be heading to the bottom of the ninth with a florida billionaire expected to hit a homer and buy the baseball team, not so fast. a man thousands of miles away from the sunshine state in landlocked idaho just revealed new details to charlie gasparino, who's in sun valley at the conference. okay, what'd you get? >> well, listen, i wanted to be at the all-star game in miami so i could maybe ask somebody there about the pending purchase of the miami marlins by either jorge mass, derek jeter or a group led by tag romney, the son of mitt romney, a hedge fund manager in his own right. but anyway, we came here, and guess who was here? rob manfred, the commissioner of baseball. and here's what he had to say about the pending deal. >> we have three bidders. everybody's essentially in the
same spot on price, you know? the diligence, the legal work's being done, and i expect a decision in the relatively near future. >> jorge mass was is sitting with him at the all-star game, is that a sign? >> i'm not reading tea leaves, i think the bid that's the strongest is going to be the bid that ends up with club. >> well, there you have it, liz. rob manfred here in idaho, in sun valley. and, by the way, there's a reason why he's here. baseball has a lot to do with cable and communications. as you know, baseball -- rights to baseball games are sold through cable, it's a big money generator for these teams. that's why he's here. that's why bob kraft, the opener of the patriots, the football team's, here. sports and telecommunications and cable is a big business. so basically what he said is this, despite the notion that we've been reporting that jorge mass, the miami billionaire, is in the lead and probably closing
in on getting the deal, mr. manfred, the commissioner of baseball, says there's actually three bidders till in the race, and those three bidders are the jorge mass group, the derek jeter group, former yankee all-star and soon to be, i guess, hall of famer, and the tag romney group, tag romney, hedge fund manager, son of mitt romney. that's what he's saying all the way out here in idaho. liz: that is a major. a lot of people thought it was narrowed down, and you got it from the horse's mouth. charlie, has there been a jared and ivanka sighting? >> we saw them. it was weird, i was stuffing my face, and i saw jared -- [laughter] i saw ca, and the picture's in the new york post, because i was right there when she was walking. i saw ivanka and ken land gone, the financier -- liz: oh, yeah. >> walking right by me. but, you know, i was eating. i didn't want to go off my rear end. liz: such a dedicate reporter.
[laughter] hey, it's a beautiful, bucolic picture i behind you. seen any wildlife, any creatures? >> well, you know -- >> watch your heels, charlie. liz: can you hear that, charlie? [laughter] we hear a rattler. >> there were rattlesnakes behind me -- [laughter] i'm not kidding you! i heard or the rattle. liz: we're playing it right now, but i think you were overdramatizing -- >> fox eos me an apology. -- owes me an apology. they stuck me in the weeds. i don't know where they put me. of. liz: something tells me i'm going to get a lot of tweets, where he belongs. >> i'm taking my life in my own hands, in the weeds here. liz: you're risking your life. >> you never know what's out this, and i heard rattlesnakes. liz: a few city creatures. charlie, thank you so much. we'll see you tomorrow. tomorrow could be a freaky friday for the markets.
with the closing bell ringing in seven minutes, why? because big banks are blurting out their big earnings tomorrow. coming up, we're going to head to the floor of the new york stock exchange for a look at what else is moving the markets. "countdown" is coming right back. ♪ ♪ he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. . . . .
liz: there is now and tomorrow. we head toward a record finish. tomorrow, financials on track. specifically jpmorgan, citi, wells fargo. nicole petallides with trader tim anderson. nicole, tell us in the final two minutes what move you see with stocks? >> what we're watching closely are the banks with higher yields. steel stocks doing well on comments from president trump and what goes on with china, that group is doing really well. overall the fact we'll be closing at another record if we can hold on to it, liz. liz: i would think so.
tim, i want to get your thoughts janet yellen the head of the fed, spoke before the senate committee. struck a dovish tone on pace of rate hikes and balance sheet slim-down should be slow, moderate, predictable. the dollar hit a seven-month low on that very calm assessment, very dollar negative. did you see any trades reflected dollar analysis, quite significancely weaker past six months? >> the financials have been laggards. that leads into tomorrow's bank earnings very well because their earnings will be pretty good. i would not be surprised to see a strong rally out of the banks tomorrow. that will probably set the tone for weekly closing highs on a number of broad indices tomorrow >> liz, that is it another point we have to focus on. we've seen technology doing very well this week. next week nine dow components,
70 of the s&p 500 components will be reporting. so, we're focusing on monetary fiscal policy. but earnings, are front and center. melissa: i want our viewers to know, when you see certain dow components report, they sometimes have a halo effect and lift other votes floating along on the ocean. >> right. liz: tim to that point, health care extraordinarily strong today. when we start to see hospital and health care names with this backdrop of the new draft from the gop senate, do you you expect to see it abouter numbers? >> i think those stocks will trade much more off the details of the health care plan than they are off, off their earns. the earnings have been good for years. i'm sure they are good again for this last quarter, but really people have multiple gains in these stocks last couple years and the devil will be in the details what gets worked out with health care redo. >> record, i see confetti, liz.
liz: we cued up the confetti. we get to blow the confetti cannon out. [closing bell rings] another record finish for the dow industrials close up near 25 points. a big day there at new york stock exchange. now to medical list is is a, connell, for "after the bell." connell: good luck this mean, you know what i mean? dow with another record high. the second one in a row we've had here. making money today. the s&p 500 for the second day as well, nasdaq closing higher for what is the fifth straight day. good to be with you. once again connell mcshane in for david asman. melissa: flattering yourself about the record. i was waiting. i'm melissa francis. this is "after the bell." more on big market movers. here is what else we're covering in this very busy hour. senate republicans take another stab at health care. gop leadership unveiling their new bill today, reaction pouring in from both sides of the aisle.