liz: thank you. programming reminder, fox news will bring you -- fox business will bring you special coverage of president trump's first address to a join session of congress -- joint sisession of congress beginning. >> democrat minority leader nancy pelosi is accusing president trump of accomplishing nothing in his first 5 weeks as president. she wants him impeached. next we play you the president's exclusive response to that. we have former trump spokesperson katrina pearson with us, reacting after that. the future of business in w yo state is already in motion. companies across the state are growing the economy, th the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. border. >> what has trump administration done from their inainaugust-- inaugural address? they have done nothing. make sure that russia maintains the grip. liz: nancy pelosi dismissing parendismiss president trump's

liz: 2365, everybody. >> dow is holding 12 off. this will be a tight one, liz. liz: we're at 2364. folks, adam says we need 2365. that would be a real comeback. what does it say about market psychology, we were down 71 point for the dow and down 10 points for s&p here? >> market can't rest because money is trying to get in. people trying to talk down the market. liz: is that because they believe donald trump's policies, even though we haven't gotten a lot of texture to them, are very pro-growth or at least perceived to be pro-growth? >> liz, that is definitely it. the market looks forward. some naysayers he hasn't done this yet. markets like forward six months to nine months. they know this will happen. trump saving what he means and doing what he says which is a little foreign in washington frankly. he is doing exactly what he said. it is pro-growth, pro-business. get on the bandwagon or sit on bonds at 1%. maybe you want to wait for the next election. liz: 15 seconds before the bells start, okay, the market closes in 30econds. omg. we just turned positive for the dow jones indust

liz: who saying what? >> just, people from my community, and people that knowny family members, saying i'm a bigot, i am a racist, i am many things that i never knew i was. liz: so you have been -- you say you have been dealing with comments like that and violence from the left, for decades can you explain that. >> back in 1988, i was at old miss and general came to the university, right after iran cora, he was speaking and a protestor started heckling, and harassing, i was there to listen to what oliver north had to say, not what a protest or had to say,y said something about it i received backlash from my couple professors and students on campus afterwards. and my father and father in law were vietnam officers, they received it then too. liz: what happened with your dad and your family that fought. >>n my dad would tell us stories, he would go through airport in uniform, and protesters would follow him screaming war pig and baby killer, and every horrible thing, if you knew my father, you would know that

liz: the d.c. swamp fighting back againstle flynn and -- against andy flynn and -- michael flynn and andy puzder. >> drain the swamp! [♪] >> there needs to be an independent and transparent investigation. >> we need to know why he lied to the administration and the american people. >> a thorough investigation by a non-partisan investigation. >> the american people have a right to note truth. >> what did the president know, and when did he know it? >> the swamp fights back.iticias of the political aisle going after trump, going after his cabinet pick. former national security advicor michael flynn resigning. an open ed saying -- an op-ed not stopping there. steve bannon, conwayr, and even reince priebus. >> it's undermining the healthy body that's trying for a job and trying to be self-sufficient it comes in through your nostrils and creates mucus and creates havoc. it judge mines your immune system, it's contagious it's like rumors going around the beltway. the washington post writes one thing, t

liz: what isn't bullish. phil, your bailiwick is oil, we have compliance trying to cut the output because there was so much of a glut, they said we've got to stop the output and yet what filled whatever they drew down? the u.s., and the shale drilling that we have here. is that something that isn't an opportunity at the moment? >> well, i think it's a short-term opportunity but long-term there's no way the u.s. shale can replace the bigger projects taken off-line. a lot of the shale projects have a short shelf life. a quick decline rate. and it's going to take years to get caught up with the opec production cut that we've seen already. i think that's an oxymoron, the bigger issue today is president trump and janet yellen talking about regulations. donald trump just signed an executive order to get off the back of some of the commodities traders that were actually blamed unfairly for running up the cost of oil when we realize in history that the run-up in the cost of oil was because the global economy was fall

liz: and your team won. >> and my team won. >> good game. liz: okay. we're going to have the political pundits weighing in on sports. the way it should be. thank you, guys. going to be back a little bit later on the show. fox business and fox news parent company, 21st century fox reporting earnings after the bell. earnings rise on the strong cable networks. world series and election helped that bottom line. beat wall street expectation on the bottom line. wall street not so happy with the revenues, though, even though the company saw revenues climb nicely. net income to shareholders jumped 27%. you can see the stocks down fractionally after hours. next up, we have saturday night lives roasting white house press secretary sean spicer. it was a hilarious skit. republicans and democrats thought it was funny. it standard melissa mccarthy over the weekend. but we have fox here. we have mr. spicer's exclusive reaction. we're going to bring you that after the break. and later in the show, we've got the owner of a coffee company army veteran. he's now slamming

liz: all right. really? i mean, i like jimmy kimmel but racism? again, to president trump's point earlier, did not tweet during the show. >> he did after. liz: go ahead, chris. >> well, i mean, i like jimmy kimmel a lot, but he looked like a clown there. they keep going and going, i think we should focus on t things that are happening. this administratiois getting their work, they're doing a lot of things, and hollywood's a distraction. many people just want to watch the show, they're done with all the politics from the left. and i think alec baldwin should run for president. he does a good job pretending. but step up. they need to move pop they really do. liz: go ahead, kathy. >> well, he could. i mean, alec baldwin's an actor, and he's good at tv show. if donald trump could be president, so could alec baldwin. liz: maybe kristen's going to happen to canada. and the next thing that film director was not present to accept the award, in protest of the travel ban. but here's the thing. iran has terribl

liz has you covered. see you at 6:00 p.m. on "special report" tonight. liz. liz: great breaking news out of ford in a second. trump taxes and trade talk driving wall street to new record highs again. remarks with today's news conference with japanese prime minister shinzo abe driving markets to the peak of the session and even higher. we're pulling back in last couple minutes. we're up 94 points for the dow. president trump all smiles as he and abe extended a budding broman between the two men and nations. committed to bringing u.s.-and japan's relations closer. what about closing the massive trade camp between two countries. japan gets better end of this deal by how much? you might be stunned. they are headed aboard air force one to joint base andrews to mar-a-lago. what can the u.s. really get from japan if we buy more from them than they do from us? former ambassador to japan john ruth what the art of this deal has to look like. >>> plus an anniversary in iran. yet another reminder why president trump's extreme vetting ideas may not be off base. former rea

liz: jordan, hang on. what is so disturbing sometimes to people out there who are members of victims' families 6 terror. -- of terror. they feel like they are being jeff looked. for the judge to be asking for evidence when clearly the evidence its out there from the federal government itself. >> it's disrespectful, wrong and it was to throw the attorney off. i don't think the attorney did an exceptional job. he was asked a direct question and could have shut that question down. he could have said there is obvious evidence, but the president has the authority. she asked does the president have the authority to do that for a moment without our review in the answer, yes, the president has this authority under the constitution and under the immigration and nationality act. he didn't do that. that led her into that beating him up over that line of questioning over evidence and percentages. this is out of control. liz: judge napolitano says many of the judges' questions were not relevant. i'm not sure if you can

liz: a rare public appearance. president trump's chief strategist steve bannon gave a rousing talk to conservatives, took on the media. and reaffirmed the white house's commitment to delivering on all of the president's campaign promises. welcome to "risk & reward," defying media negative perception of one the president's most mysterious strategy, a warm reception from the cpac crowd. chief strategist steve bannon emphasizing unity of conservatives and republican party under president trump. chief of staff reince priebus joined him dispelling rumors of their infight, this is years after president first lady out his plan at the same conference. steve bannon reiterating that the president's agenda has stayed the same, and simply following through with the promises he made on the campaign trail. and the white house must be held accountable by the american people. administration priority, national security, economic growth, and the deconstructed of the administrative state, including dialing back on regulation, as he s

liz has you from here. liz: huge breaking news story coming out of telecom world. two stocks you may own them, but boy, you got hear about this. get it to you in just a second. did you catch the sideshow there in south carolina? president donald trump while visiting boeing throws down the gauntlet to spark what could be a major military jet order competition. moments ago, as you see, hopping on air force one to head to florida for campaign-style rally this weekend. he should arrive in just a moment. taking you live to mar-a-lago. it's what happened in the last hour that you and every taxpayer needs to see. while visiting that boeing plant in south carolina, primarily to get a complete tour of the dreamliner 787, a passenger jet built in america by americans, his take no prisoners management style jumped out as he revealed something that no doubt has two aerospace giants in a vicious competitive battle for the government's business. we're getting henry revel on the horn of a jet stealth slugfest. >>> the president's surprise news conference yesterday filled with hea

liz: one minute. one minute remaining melissa: liz: troy it has been a unbelievable run. >> investors bought into good trump policies. the policies outweigh the protectionism. the economy, whether it is 2 1/2 or three. if the felled holds off not be too aggressive with tightening there will be another leg up with markets. liz: we want to thank larry, teddy, scott, of course lori. down 21. we're falling further away from what would have been never-before-seen territory and that would be 13 straight record closes. here comes from the closing bell. [closing bell rings] no, it does not appear to be a record. the dow is down 24. david, melissa, you get to take it from here. melissa: there it goes the dow's longest record streak in 30 years, 12 straight days coming to an end. the index failing to close at new record high. david: i'm trying to listen to the music. we have special music whether we made it or didn't. ♪ oh, okay. still a good day. i'm david asman. glad you could join us. more on downturn from

liz: i'm so sorry for your loss. chicago city council black caucus says it's the cops that are the problem. their prawm man well saying the trump administration is not doing enough to help. remember donald trump tweeted out, we'll help you, we'll send in the feds. they are blaming cops who are being mis --being hurricanes scd they are -- being miscreant and they are blaming trump. >> donald trump has only been in office a little over 30 days. what tops blame is there are no jobs. what's top blame is there is no investment in community. what's to ask blame is people aren't getting a great education and they are dropping out. sure you knead police in certain areas, but people want to work. i guarantee you if the jobs come, the violence will go down. i will sing that stopping until somebody listens. we need the jobs our president donald j. trump promised. jobs, economic opportunities, vocational program. that's what the city of chicago needs and some of our police are not trained properly and they are not doing the righ

liz: okay, there you are. so let me guess it's going to be an ugly year now that the pats won. >> history can repeat itself, let's hope it doesn't, let's hope this market can shrug off that pattern that we've seen before and continue in the upward momentum that we've seen the last few months or so. liz: look, everyone is look for a catalyst, there is a lack of a catalyst today, investors are in a wait-and-see period here, phil. you're in chicago, i'm not going to assume you're a bears fan, you have to tell me what you are. >> yeah. liz: you are? >> absolutely a bears fan. in 1985 when the bears won the super bowl, we had explosive stock market, it was incredible! >> when they beat the patriots. >> i have to remember, 85 from 85 to 87, the market went straight up and when the nfl went on strike, that caused a stock market crash in 87. i'm sticking to that story. no, it was an incredible return for the bears and great game. the other interesting thing i heard about the super bowl predictions, the city that has a

liz: next up. football legend mike ditka is slamming reporters for askin tom brady about his relationship with donald trump. don't go away. >> i think these people -- i say this [bleep] i happen to like donald trump. i think he's the best man, the best person. i think he will do a great job. a lot of people out there don't think that. we have to wait and see. let him do his job first. if he can possibly screw it up half as much as obama, i'll be surprised. liz: that was super bowl champion hall of famer mike ditka. he's questioning the media for questioning tom brady on his friendship with trump. he says he will not be answering any questions on his friendship with the president. the author of "liberalism or how to turn good men into whiners." he's also a super bowl champion himself. burgess owens. what did you think of mike ditka's comments? >> i think mike is spot-on. this is an indication of our education system. we should be taught how to think outside the box. how to convince others. when that

liz. liz: i don't have a champagne glass, i have a cup. cheers to you. it feels great. fox figured out the zeitgeist of money and the politics. speaking of money, they say cats have nine lives, the bulls might have nine too. in this hour, we could witness the ninth record close in a row for the blue chips. right now the dow is up 11 points. i need to tell you we've got a live camera focused on cannonball, north dakota, 3:00 p.m. eastern, 2:00 p.m. north dakota time, we have reports that protesters at the dakota access pipeline are refusing to leave even though right now the 3:00 p.m. final deadline to vacate has passed. that video you saw is fire. there is a fire currently going on, and we're waiting to find you the what's going on there? what officials are going to do, and why negotiations broke down hours ago. william la jeunesse live on the scene to tell us who's burning the protest camps. >>> the trump administration dealing with deeper questions in the wake of yesterday's decision to

liz: and now this. democrat senator chuck schumer saying the white house should just toss the order all together because it's an unconstitutional quote muslim ban. >> why not? >> i think you ought to throw it in the trash. i think this executive order is so bad and so poisoned and its genesis is so bad and terrible that he ought to just throw it in the trashcan. it's just un-american and unconstitutional. a religious ban is just -- goes against the american grain. we believe in immigrants in this country, and we don't believe in a religious test. liz: it should be noted as chuck schumer advocating and wanted a pause on refugees after the paris attacks. he advocating for that. didn't go anywhere. joining me now former senior adviser to george w. bush karl rove. it has been proven it's not a muslim ban. the words muslim ban don't appear in the order and even leaders tell us it's not a muslim ban. which narrative is winning right now? what do you think? >> well, i think neither narrative is winning. look,

ashley: let's get over to liz claman. liz: thank you very much. ground hog day does not exist at the white house right now. there maybe six more weeks of winter but at this hour the action is blazing hot with no endless loops over at the white house. president trump just wrapping up the meeting with executives and union leaders from motorcycle maker harley davidson. he did promise to go hog wild to help fix the american economy. that came after he attended the national prayer breakfast and going on a twitter fire storm attacking protestors who turned violent at uc berkeley, talking harshly about allies and putting a member of the axis of evil on notice. and no, it wasn't russia, as former top bush republican karl rove calls trump's first days amateur. rank amateurs, right on the money or pushing us closer to a raging war? plus lieutenant peters, putting iran on notice is much more dangerous than it sounds and we are watching watching the market folks. the biggest business story developing right now not in dc and in houston where super bowl 51 suck

liz: even democrats agree. dennis kucinich iin -- saying te same thing. >> a phone call from the incoming director national security was intercepted and the contents given to the media. and so obviously shared by intelligence officials. what's at the core of this is an evident by some in the intelligence community to the upend any positive relationship been the u.s. and russia. liz: here to sort this out is retired lieutenant colonel tony shavtoned tony shaffer. are leaks by obama officials the problem? >> absolutely. i put this at the feet of john brennan and john clapper. i would say the white house was involved before they left. i put this on ben rhodes. i watched the coverage very carefully. when you have nbc reporting that they talked to circumstances officials who have seen the transcript. someone is giving away sensitive method, the fact that they read a communication that was intercepted and they said they saw this information which was beyond top secret which tells me clearly someone had to have access

liz: look at this! we are within nine points of an all-time record high for the dow jones industrials. we're watching it, nasdaq is on pace. dow nearly there. epic court battles, historic cabinet vote, a spear launched at the pharma industry. did you hear that right during sean spicer's press briefing. news flying out of the white house fast and furious at this hour. president trump is expected to meet with secretary of state rex tillerson at the white house, that discussion surely to swirl around the court fight tonight whether the president's travel ban involving the seven muslim nations should remain blocked. remember secretary tillerson called islam a beautiful religion, we can only imagine what's going on. moments ago press secretary sean spicer said the president is confident the ban will go back into effect. this might not help. his own homeland security secretary john kelly admitted just a couple of hours ago before a congressional panel that the fumbled rollout of the executive order was, quote

. >> thank you, liz. liz: governor doug burum of north dakota. russell 2000 we're not showing but on the lower band is outperforming doing nicely as well. if we close here, records for the s&p and dow. you have to watch to make sure it happens. stay tuned. the your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call for a free quote today. liberty stands with you™ liberty mutual insurance we've got breaking news. takata the airbag maker just pled guilty to fraud in the airbag scandal that killed at least 16 people. atat that attakata agreed to pae billion dollars in its role to conceal a deadly defect in airbag inflators. 70 million airbags in 42 million vehicles. "new york times" has a report that four automakers knew for years, among them, ford an

liz: he would know. a former big banker, former goldman sachs president and trump top economic advisor gary cohn talking up the prospect of similar bank regulations. wall street loving it, pushing up stocks in the final hour of trade. we bring in charlie epstein. ceo of epstein financial to talk about it. we're here in houston. holding on tight, if you'r bull, if you're a bear, what can i say. the mere prospect that dodd-frank is scaled back is juicing the markets. are you for it, against it, part for it? >> absolutely for it. you can spike the ball in the end zone because donald trump rolled back this bill which really restricted and constricted small banks. i found ad small bank, nouveau bank in 2007. it strangled our ability to loan money to small businesses. small business is 80% of this economy. spike the ball. small businesses will be able to access capital much easier. that is good for jobs and growth. liz: regionals were held to same standards at money center banks. it should do the work certainl

liz: with would i try to predict? if somebody runs with the ball, pass is drop it. >> two producers every game producing questions while they're watching it. so you're getting the action on the field. is there going to be more than 12 yards of rushing on this set of downs? big prediction, might be, is there going to be an onside kick, if so is new england going to recover. obviously big question while you're watching the super bowl. when it was 28-3, looked like a blowout game people were getted bored, not if you were playing wind view. you were deep into the predictions. when it was 28-20 are they going to score. is the 2-point conversion, drama of people playing along is huge. liz: get win coins and bring them in and actually get money. espn has a lot of other problems. they have lost all-time murder eses row talent. chris berman to brent must berg. skip bayless and colin cowherd came to us at fox sports 1. they need something. does win view, is winview the key or end up hurting something like espn if you link up wi

liz: is that characterization accurate? listen to nominee neil gorsuch on his philosophy. >> standing here in a house of history and acutely aware of my own imperfections i pledge if i'm confirmed i will do all my powers permit be a faithful servant of the constitution of this great country. it's a judge's job to apply, not alter the laws. i'm so thankful tonight for my family, my friends, and my faith. liz: judge andrew napolitano is going to weigh in just a moment. but first let's get back to facebook. king headlines around the world, the social network reporting earnings or profit report just hours ago. reporter: fascinating outcome for facebook's earnings. better than expected, doubling this quarter from the same quarter last year to $8.81 billion. that's what investors keyed in on. shares are trading higher. up 3%, fading some. up by 2.2, 2.3%. mobile it ising representing 83% of it growth. so the company is growing by leaps and bounds. you mentioned the virtual reality lawsuit. if you put it into perspective it was a

liz: you too, ford. >> thank you. liz: sure thing. we will -- we are awaiting the swearing in of education secretary betsy devos. we're going to bring that to you when it begins. then a benghazi survivor, he's slamming democrat hypocrisy in a new nra ad. he says that democrats can spend this much time protesting, then they definitely could have picked up a phone to save four americans from dying in benghazi. the coauthor of the book 13 hours is here to talk about it and the new ad. back in two. don't go away. this is the silverado special edition. this is one gorgeous truck. oh, did i say there's only one special edition? because, actually there's 5. aaaahh!! ooohh!! uh! holy mackerel. wow. nice. strength and style. which one's your favorite? come home with me! it's truck month! find your tag for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find new roads at your local chevy dealer. >> i know the truth about benghazi. i was there. fighting alongside five americans who

liz: jerry boyar. breaking news. the trump administration filed a brief with the ninth circuit court of appeals and this brief is asking there not be a so-called en banc hearing to review the three-judge panel's decision last week which i know it sound a little convoluted, but that upheld the restraining order on the travel ban from seven predominantly muslim countries that donald trump called for. adam shapiro has details. reporter: those briefs were due in the ninth circuit california time by 11:00 a.m. the justice department filed a brief indicating that the administration intends to rescind the order. we'll read key points what they said, quote, rather than continuing this litigation the president intends in the near future to rescind the order and replace it with a new substantially revised executive order to eliminate what the panel erroneously thought were constitutional concerns. it finishes saying the government respectively submits that the court hold consideration of the case until the president issues the

, liz. liz: peter barnes with the latest on this decision, she in dc . reporter: we have from a spokesman. from u.s. court of appeals, that the 9th circuit in san francisco, will release a decision one way or another. on whether or not to left the stay on president trump's temporary travel ban that affects those 7 countries. and a spokesman for the court, said that order, to inform you that an order will be filed in this case before the close of be today, that means, close of business in san francisco is 5:00 there. 8:00 eastern time, we're standing by for the decision to come out sometimes in the next within the nextly hours. liz: peter, a quick question. how is the court expected to release this information? the whole hearing was done over the phone, that was a weird procedure, how do we expect that information to be delivered? reporter: so the court has announced that told reporters it will send us a copy of the decision, a pdf . it plans to post it at the same that it releases it in inte

liz: okay. well, i know on the 20 second of this month you are expecting a much larger crowd and there will be more veterans descending. we'll keep eye on it. thank you. we want all side of this story. we do appreciate you coming on. >> thank you so much. liz: chris introducing, veterans.org chief of operations of veterans stand. energy transfer partners stock has done really, really well especially since donald trump signing the executive order. both a business story and a political story here. closing bell is defend eight minutes away. -- 28 minutes away. with the dow up 140 points, apparently hundreds of thousands of people still in danger in california as a catastrophic spillway collapse by the nation's tallest dam is still a possibility at this hour. claudia cowan live in oroville, california, is about to tell us what the governor is doing to keep the downstream people safe. >>> more fallout from nordstrom, ivanka, that trump fight has one hollywood star heated up. actor scott baio joins da

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is wh the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. th

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to ctinue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. th

liz: she is a nice girl. she is wonderful person. >> it is that as opposed to a specific plea to engage in, engage in some commercial dealings, telling people as a white house official, which kellyanne conway is, to go out to buy the product? donald didn't do that. he just used his first amendment rights and got mad at them, and tweeted about them. she went and basically used her twitter account as white house official to advocate a commercial venture, go out and buy this commercial venture. liz: then sean spicer was asked. >> think about what he said. we have counseled her. he didn't say we have done everything else. counseled. what does that mean? that is a lawyer. i think she stepped over the line. i think it is pretty clear she did. john coffey at length, columbia university, expert on corporate governance and ethics. he believes trump was first amendment. this is advocating a commercial venture. this one seems to step across the line. liz: i have to say nordstrom is allowed to make any business decision

liz: all right. thank you so much, johny walker. chris kyle a interpreter in iraq. now here in united states, sir, thank you for your time, we appreciate it. >> thank you, ma'am, god bless america all of the time. >> thank you so much. >> and saying some refugees are terrorists, we have that sound for you. >> coming up the father whose son survived by an isis sympathizer, the father said that assad is right, and that appeals court ruling, will make all of us less safe, after this. we have this story for you, teachers letting high school students skip class to protest the president's refugee halt, jeff waters gets students answers, and their take on terror after this. >> which nations are on the temporary travel ban list. >> as of right now i am not sure about the actual country. >> lebanon. >>, many like. like -- like um, like. our sens, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ liz: more breaking news, white house

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medi-size sphdusinesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. they

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash.

liz, over to you. it is arguably the busiest day we've seen of this very young trump administration. he was already in jeopardy after he said in an heir the air for you he prepared -- preferred robots to real employees but sources are telling fox news he will not be the administration's pick to represent labor. he employed an undocumented worker. seven republicans were set to withhold their vote in just a few seconds. he is just left the white house after meeting with president trump. it comes as word also surfaces that cia chip -- she held a secret meeting with the palestinians ahead of the israeli leaders visit. will get more on that as well. general michael flynn and goes after the intelligence leakers. blake is on that story also. and we also had former israeli ambassador on the one moment we will have in part during the news conference that has some of them questioning resident trumps peace plan. they were at the white house to tell president trump one think they could wipe out the profit. a man w

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy baing system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. th

liz: it is amazing. you look at the meteoric rise you and fanduel, now you guys are trying to merge and put together. after this meteoric rise you had a near-death experience. one of your guys won by playing on fanduel. that launched a whole bunch of investigations. millions in legal fees. now you guys are trying to merge. where does that merger stand? >> it is going great. there is a process to go through like most mergers are of this size and scale and it is nothing that you wouldn't expect but i think what it does, it gives us the opportunity to build really one of the great sports entertainment companies in the world. fanduel and draftkings have great teams. we have many millions of users. draft king alone is up to 7.5 million users. fanduel has a very substantial base on there. we put that together. we put together the combined talents and capabilities of both organizations, i think, you know, you could put us up there with any great sports entertainment company in the world. liz: what do you say ab

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulary rollback. financial stocks will ntinue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. they

liz: i hear what you are saying. but do you think that donald trump will follow through and say that school, you know. what i don't know how you pay for who would oversee that. >> i think if anybody right now still questioning whether or not president trump is going to follow through on anything let's says, then they have not been paying attention, i suspect this mr. trump will make sure that first amendment is being followed on all college campuses that are receiving federal funds, we need to look at all entities, if they are violating the rights of american citizens, we should look at cutting that funding. liz: all right katrina pearson thank you. now democrats in senate delaying the confirmation vote of oklahoma attorney general scott pruitt, he was nominated to lead the epa, this is third hearing where senate democrats have boycotted the vote, refusing to show up. >> let's be clear, attorney general pruitt has answered more questions than any past epa administrator nominee in recent memory, he answered a total of

liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money cause they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is what the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. th

liz: the markets rallying to new highs. billions of dollars in obama-era federal regulations have been slashed by the new administration and by republicans in congress. gary: one of the biggest regulatory changes could be to dodd-frank. the former federal deposit tins corporation chair sheila bair joining us right now. i think you are in favor of simplifying dodd-frank but you think the industry needs to continue to have this regulation. explain to us. >> i do think there are areas that could be simplified. there is a lot of complexity in dodd-frank. i think it it hurt the smaller banks. simplification could be helpful as long as that's not a rules for weakening -- not a ruse for weakening. it's important not to weaken on capital requirements. all the bank share prices is more anticipating the capital requirements will be reduced. and that won't do much to help the economy. gary: did you say you think dodd-frank benefited the big banks? >> i think the unnecessary complexity has benefited the big banks. you look how complex

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liz: the koch against it. stuart: some republicans will vote against it on the campaign trail, cut taxes the way you promised. ashley: that's the money that's supposed to offset the corporate tax. stuart: they're going to say to cut corporate tax rates and you'll bring back a couple trillion dollars from overseas. liz: a stronger dollar. stuart: and lower rates. maria: that moves the needle on growth. stuart: inside baseball. two items on obamacare, first off the health insurer humana pulling out of obamacare completely next year. second, the ceo of aetna says obamacare is in a death spiral. those two stocks are up because they're exiting obamacare. what that does for the legislative pipeline, presumably it means if obamacare is collapsing, you've got to deal with it now before you deal with tax cuts. i don't think that's good news for the overall market. >> you've got to be able to walk and chew gum at the same time. do both simultaneously? >> can the republicans in congress do that, maria, i think not. maria

liz: wow. stuart: that means as of now, the market is yet again in record territory and we're now up more than-- almost exactly 2000 points since the close of trading on november the 8th. have you ever seen anything like it, lizzie. liz: the s&p hit a record level right now. stuart: let's have a look at it. across the screen, the left-hand side lots of green you can see there. liz: the nasdaq is hitting highs. stuart: never been here before. s&p record high, nasdaq record high. fold it altogether and stocks across the board have opened at all-time record highs. you've never seen anything like this before. what's behind it? the trump tax cut plan. the growth in the future. solid earnings and profits from companies and by the way, that vacancy that's coming up at the federal reserve, yeah, i know we don't mention the fed often. ashley: are you interested? [laughter] >> no, no. liz: no buzzer. stuart: i want to be buzzed if i ever suggest i want to be federal reserve. who is with us, jeff sica, sc