President trump signing the continuing resolution into law a couple hours ago. In this hour the battle is just getting started. Congressman john geir menddy, democrat of california with us live. Whats his and the democrats price for passage . Well ask him. And he is in california where wildfires in los angeles now expanding to san diego county, getting more and more dangerous. 1000 plus firefighters on the ground right now battling the spreading blazes that threaten some of l. A. s most luxurious hopes. The star of the l. A. Listing, josh flagg is here. One clients home has already burned. He will tell you what they are most worried about when it comes to the wildfires and their real estate. They call this guy the hollywood brand father. Row hand oza, the man with the midas touch. When it comes to introducing new, disruptively Healthy Snack food. Rohan will tell us how the gop tax plan could affect him and other venture capitalists and other entrepreneurs. One hour to the closing bell this friday. Lets start the countdown. Liz we need to get to the breaking news. We do have a day of rage still going on into the night at this hour in the largest outpouring of anger yet at President Trumps bitterly contested recognition of jerusalem, as israels capital. Youre looking at video of violent protests taking place. If you dont know where that is, it is the west bank. And nearly a dozen areas in the west bank, which is palestiniancontrolled, these hot spots along the gaza strip border with large crowds of worshipers marching on the streets, stomping on posters of President Donald Trump and burning american flags, they clearly do not like the decision that jerusalem has been named by the president as the capital of israel. We told you during this hour yesterday, that the u. N. Security council asked for and got an emergency meeting. It happened this morning. Israeli ambassador to the u. N. , danny danone who was our guests using an ancient coin to make the point that jerusalem is the always been the capital israel, for hue brees and jews. From 1678 ad. With the jerusalem the holy written on it. Meantime none of this seems to matter for the markets. Wall street looking at a trifecta of record closes at this hour. We have the dow and s p, and dow transports all on pace for neverbeforeseen levels at the close. All three indices are looking at weekly gains here. The dow is up 90 points, the s p gaining 11, the nasdaq up 27. We have to just simply say one of the key drivers for the stock rally, perhaps the key driver, were seeing november jobs report came out this morning. It painted a certainly rosier picture of u. S. Economy month by month. Impact from the hurricanes all but fading away when it comes to jobs. I just said one of the key rally drivers, the other got to be relief that the lights are still on for the u. S. Government. President trump signed the spending Deal Congress agreed upon last night. It will now fund the government for 14 days, two weeks. But kicking the can down the road put as budget slugfest squarely in the sights of the night before christmas territory. What is the hold youve . The gop is pushing for increased funding for the military, while the democrats are fighting forelegal status for dreamers and increased domestic spending. Democratic congressman John Garamendi from california is in thick of both of these issues. Welcome, congressman. Good to be with you. You hit a very, very important issue. Liz not only are your state focused on dreamers because they are many residents and you serve on House Appropriations committee you are appropriate guest on the democratic side. What about fiscal year budget or two years, we can only hope, will be signed and sealed by december 22nd. I think the odds are good. Two different ways to get there. The republicans have 235 votes. They only need 218. They can do this all by themselves. However over the last several years they have been very, very badly split with the tea party or Freedom Caucus really diverging very sharply from the mainstream republicans. So in the past they have had to reach out to democrats. If, if they can do it by themselves they will write it whatever way they want to. On democratic side we believe in bipartisanship. We as democrats even though wee in the minority we have something to offer. That is something more important than dreamers. There is something wrong with the chip program. Nine million children will be uninsured very, very shortly if we do not fund that. They have the dreamers liz social spending issues certainly. Yes. Liz now the republicans are saying they want to separate defend spending obviously. Where do you stand, considering youre on the House Armed Services committee on that . Would you go for that . We ought to do both. We have to make sure we have a strong domestics economy. We can not afford to lose 800,000 young men and women we spent money educating training, many whom are employed today. So that the dreamers or daca issue. We cant allow nine million children to go uninsured. So these are things that, as important, as is the military budget. On the military budget side were still under sequestration. That is a major problem. And these shortterm continue being resolutions make it very, very difficult. Liz agree. I agree. Im trying to get off the talking points, et cetera, i know it is certainly more than a talking point it, matters to you. Yes. Liz is a standoff over a group of fewer than a million people, the dreamers were talking about going to hold this up . It is an 8020 issue. What the politicians say. Most people in america are for it. We had a fox news poll, 60 of trump voters say let dreamers stay. Im not sure why the republican was disagree not go with that, especially when trump voters are fine with it. But, i guess, we got to move to the tax issue because salt, the state and local tax issue, is certainly important. Gary cohn said this morning on varney. Well let you react. Sure. There are some fixes that the house and senate are working on for the salt states. Liz what would be a fix that you would accept . Well the fix would be to go back to where we were on this issue. The, deductibility, not only of salt but also deductibility of medical expenses, which ace huge problem for seniors for seniors across this nation, not in california or new york, any senior with serious medical issues, that medical expense deduction is certainly important. Certainly the state and local tax issue is also. What i dont understand why we are so, why the republicans are so anxious to reward the super wealthy. 50 of this trillion 1 2 dollars or more, goes directly to the top 1 . Liz yep, that has been proven by both sides. Im not going to disagree with you on that. I need to break in here sir what is the point . How does that help the economy . Liz i need to break in. South of you, right now, ventura county, folks, this is a live picture of this horrific wildfire courtesy of helicopter by kabc. It has multiplied. Half are smothering in Southern California. President trump approved a emergency declaration. The cost of these and wine country fires back in the fall will top 10 billion. You used to do that job. Do you think you will get it . Is congress hedging . Will they come through . I would hope so . 10 billion will mostly be by Insurance Companies. I was the insurance commissioner california in 1991 with the Oakland Hills fire, up until the sonoma fire, santa rosa fire, the most expensive. Were looking at easy, nine, 10 billion in northern california. Southern california will add to that. A lot of that will be covered by insurance industry. That is where the insurance commissioner comes in to make sure the claims are paid. Now federal government, interestingly enough, there is emergency appropriation bill before Congress Today that provide money for the hurricane damage, puerto rico, houston, florida. No money in that bill thus far for the fires in california. Liz for californians, and i find that as former calfornian. Yes. Liz i will go with your final thought here. Go ahead. I was going to add, maybe because of that for the first time in my memory all of the california delegation, democrat and republican, 53 are hammering for california to be included in that emergency. Liz including republicans. You would think thats what you want. Absolutely. Liz we like to see bipartisanship on any issue. Thank you very much, congressman. We really appreciate it. Congressman geir men did i. Garamendi. Thank you. Liz sadly through the fire news, the fire spread through thoroughbred labels, 25 hours were killed. The star of in Million Dollar listing, josh flagg, how the fires, not only horrible situation, are affecting the highend Real Estate Market in the los angeles area. That is in about 20 minutes. Let us go to pensacola, florida, where President Donald Trump will hold a rally tonight. Is it really a campaign for make America Great again, or is it a campaign for roy moore . Either way the president is expected to make comments at the Pensacola Bay Center where he is sure to way in on the Alabama Special Senate election. Lets get right now to hillary vaughn. She is right there . What is the sense . It is about an hour away here. Reporter thats right. Actually the third biggest city in alabama, mobile, alabama, and pensacola share the same media tv market. So local stations in alabama will cover this big event. It is cold and wet here in florida, but still lots of supporters are lined up, several hours before doors opened. We talked to two alabama voters who showed up hours before. Were expecting a lot more alabamaians to cross the state line for the event tonight. Several thousands are expected to pack into the local hockey arena in pensacola, florida. We talked to people in line who drove all over the south to be here last night. We asked them what they thought of trumps endorsement roy moore. They think this is proof of what trump calls fake news. Allegations are fraudulent. I dont believe in them. I think it is a, theyre hired people is my opinion. Why now . If all this was true why wasnt it brought up before when he was running for judge. Girl is a fraud. She faked signature on the yearbook. We know that. It is because there is a charge, doesnt mean your guilty. In this country, it is innocent proven guilty. Algations are only allegations. This is fraud. More fake news. Reporter liz, there have about been a lot of questions whether or not judge roy moore will cross the state line and appear with President Trump here tonight. We got the official word from the campaign he is not going to be here but his campaign did release a statement that they are really thrilled that the president is is complaining so close to alabama theyre encouraging all supporters to drive over and attend the rally here tonight, liz. Liz hillary, thank you very much. Fox business has complete coverage the president s speech in pensacola. It begins 7 00 p. M. Eastern. With special edition two hour edition of lou dobbs tonight. Maria is also talking to bob nardelli about tax reform. This is a big market day, folks. You need to stay with me. We could see at least two record closes for some of these indices. When we come back, much more, the host of billion dollar listing. Stay tuned. Alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Liz were off the earlier highs, but still up at the moment. Stocks charging ahead, with 43 minutes left of trade after that november jobs report. Not only painted a picture of the economy on its firmest footing for at least a decade but september and october were upwardly revised. This time the number for november, 228,000 jobs were added. It was pretty good. Another 31,000 for manufacturing. Unemployment sitting at the lowest level in the last 7 00 teen years. One person janet yellen watching this this is the last report as as head of Federal Reserve chair. Markets are pricing 92 chance of federal rate hike at fomc meeting next week. With jobs data strong will we have to see a more aggressive fed in the new year. To the floor show, traders at cme and nymex. Matt, what will happen next week, most happen likely but how many for 2018 . The fed indicated three. What do you say . You know i think three is probably safe. I will go more on two, only because there is so much new blood coming into the fed. Maybe they change what theyre looking at, maybe not, but they have yet to find a way to gauge inflation as far as one of the main reasons for raising rates. Until that changes, i will go on the lower end. I will stick with two. Liz phil, are you copycat, or Something Different . No, im going more aggressive, are you kidding me . I think we could do four or five next year. Liz five . I think era of economy getting a little excited here. Well go with four, because, listen, bottom line you look at this jobs report, you look what is happening around the world right now, there is something going on in the global economy. No major recessions anywhere in the world right now. And i think the feds fallen behind the curve. I think, you know, , if we hit Donald Trumps 6 growth next year, they didnt say 6 , they will have to be more aggressive. We see things happening in the commodities phase, were seeing demand for oil. Were really starting to tighten up. I think well see inflation come back a lot faster than people think. If we can only base inflation off bitcoin prices heck we have to go seven times with interest rates. Liz we shouldnt laugh. Bitcoin lost 20 over 10 hours last night. Right now at 15,054. On some exchanges we hit 19,000. Putting bitcoin aside for a second, matt, china, phil just said there are major country there is is no recession. China proved that. They showed some, if you believe their data, some very strong data. Not only exporting more to the u. S. , which isnt necessarily great for us but they are importing a lot more. Their iron ore, their copper imports, they need to build more. They seem to be on better footing. How much does that color the whole picture green . I think they change month to month with some of their data. Their numbers for this month were extraordinary. I think it was 17 to 12 on import, export. Those numbers are huge. They have to keep building to keep their economy going. But can you believe it . Can you maintain that as long as they have. Question to be seen. Oil numbers as far as that goes, they keep changing those. So you know, yet to be seen. There is a lot to work out and the economy right now is humming along nicely. I think what the fed will look at next year, as far as all the new people coming in, im going to be more cautious on the economy. Liz all right. Im not. I think it is going pretty well at the moment he. We shall see. Matt, phil, have a great weekend. Thanks so much. Closing bell 39 minutes away. Cocacola, falling flat today, as a shakeup in the executive ranks again has investors jittery. Coke is not it at the moment. One of the biggest laggards on the dow right now, it is down 1 1 3 to 45. 19. You cant blame cokes problems on my next guest. A former cocacola executive who woke up one day and said i can do snack food and drinks way better than coke can. Make them healthy and disrupt it. He brought pop chips to crowded Grocery Store shelves and muscled their way in. The man with the made does touch is here, to tell us about his next delicious items and his new partnership. Countdown coming right back. 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 the moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. Bacteria can multiply to high enough levels that even cooking it will not destroy all of them. Its definitely the most important thing in my business. How fresh is the fish . Where it comes from . How it gets here. The more i know, the better. eed to able to identify where in the cold chain that occurred. We took our world Class Network and we developed devices to track environmental conditions. This device allows people to understand whats happening not only with the location of that asset, but also if its too hot, if its too cold, if its been dropped. Its completely unique. We ship fish, beef, poultry, vaccines, insulin. This is about monitoring and protecting everything we ship. I catch all this amazing, beautiful fish and then once its out of my hands, i have no control over what happens to it. If you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Its really all about the network. You are looking at trillions of transactions a year. Not too Many Companies in the world can even scale to that type of volume. Who knew a tiny sensor could help keep the food chain safe . Food has to be fresh. Its that simple. Our recent online sales success seems a little. Strange . Nk na. Ever since we switched to fedex ground business has been great. Theyre affordable and fast. Maybe too affordable and fast. What if. People arent buying these books online, but they are buying them to protect their secrets . . hi bill. If that is your real name. Its william actually. Hmph affordable, fast fedex ground. Liz we have this breaking news that is coming out of the house of representatives. Representative trent franks, the republican releasing the following statement, last night, my wife was admitted to the hospital in washington, d. C. Due to an ongoing ailment. After discussing family options with my family, we came to the conclusion that the best thing for our family now would be for me to tender my previous resignation, make it effective today, december 8, 2017. It was last night that trent franks had announced he would step down from congress over a controversy regarding the allegation that he had, well, some people were calling it hars am. Unclear if it was really harassment. Apparently he asked two of his female employees to consider surrogacy, carrying his and his wifes baby, if that were ever possible, that made them uncomfortable. There was an ethics investigation let me say this. We dont know. But thats all we know. He says it will be effective immediately. Hell be done with his service today. So all kinds of battles happening inside the beltway and certainly the one now focuses on tax reform. This is what we saw from about 2008 through the recession where there were all kinds of battles over whether to green light tarp, the big expensive package that would float the economy after the implosion, Companies Going out of business. There were, though, hidden Success Stories that fox business told during the recession of entrepreneurs who thought it was the perfect time to start a new company and they proved everyone wrong who said it was a terrible time to start companies. As we enter this new era, under a pro business President Trump and the impending tax changes, what are the same entrepreneurs and investors thinking now and what changes are they expecting . Joining me now is the guy who joined us six or seven years ago, starting companies right and left at what people thought was the worst possible time. The hollywood brand father behind companies like, you covered vitamin water at cocacola. Pop chips, bai, chefs cut beef jerky, which i cannot live without now. Rohan rosa, you brought clayton christopher, your partner in a brandnew venture. Thank you for joining us. Liz the company is called kavu. First to this point about starting companies during the recession, rohan. What gave you the guts to muscle into a very crowded field, which would be the Grocery Store shelves and did you it. Bai is hugely successful. I remember the first time i finally saw it at target and i said i interviewed that guy he said hed do it and you did it to be fair, clayton is more of an entrepreneur. I never started a company with scratch. Im not that smart, but i find smart founders, with bai i found benwise, a colonel of an idea and it was a vision. We feel kavu, america is the greatest country to be an entrepreneur handsdown. Liz even in recessions . Even in recessions, food is being disrupted. Everyone knows the way to feel better is what you put in and on your body. Fundamentally. All that is massively transformed and entrepreneurs are becoming the innovation incubators of corporate america. Corporate america is not creating prushths anymore, theyre buying them. Recession does make it tough, and clayton can talk about how it is. He was starting companies. Liz clayton named the company kavu, you have to tell them what it stands are. Ceiling and visibility unlimited. What we aspire to bringing to entrepreneurs when we partner with them. Liz hour do you think tax changes will go . There is quite a bit of discussion about passthrough businesses. Does any of that matter . Warren buffett likes to say, i dont watch whats inside the beltway, i just buy Great Companies. Do you feel you just start Great Companies with the fund . The small guys, and most of the companies we invest in are early stage companies. The entrepreneurs have necks on the line, a lot of times they have entire life savings in this, so any break they can get in taxes is going to help them grow their businesses. Lot of the businesses arent profit believe that we invest, in so anything helps them. They need all the help they can get. The Big Companies, whats happening with the Big Companies getting tax breaks, is good. Money comes into america and that allows everything to grow. Liz you are for a 20 Corporate Tax rate . Theres a lot of money outside america that once it comes in, and as you know this, the phrase burning hole in your pocket when. Companies have money, will spend, they will invest, they will grow. I like the philosophy. To claytons point, you got look out for the small entrepreneurial business, the lifeblood. Our future in america and make sure they are taken care of as well. They need the breaks and im not sure theyre getting as many. Liz that makes me wonder, Small Businesses are the backbone of job creation in the country. Two thirds of jobs created are from Small Businesses. Give me an example. Im going to reach over, these are my personal favorite, chefs cut. 20 grams of protein. Liz how many jobs has this Company Created which started with a chef, i believe in new jersey. Actually from wisconsin, ironically down the road from jack links. Liz there is no fat . Im in love with this product. How many jobs has chefs cut created . You take it down to the manufacturing as well. Between retail, manufacturing and sales, maybe 500 to a thousand jobs. Healthade started the same. Every company starts from 500 to a few thousand with the full value chain. Liz the next product, tell me. We invested in this 18 months ago, its plantbased alternative dairy. Big category thats supposed to double. Liz is that yog snurt. This is a greek yogurt. Liz no dairy . Made of almond milk, and patented technology that make curds and whey, when we invested in this, they had 15 employees, that was 18 months ago and now over 100 employees. Liz i may just have to by accident try this. These brands here arent accidental. The big trends are protein, which is why you love the chefs cut and the one bar, 20 grams of protein, one gram of sugar. Liz amazing, i have to say cavu is a great idea. This kind of healthy situation is what america needs. Rohan, clayton, good luck to you. Thank you. Liz any time. When we come back, the head star of Million Dollar listing on the wildfires on highend california homes. Stay tuned. Next. See a breakdown of costs. What . Its just. We were going to ask about it but we werent sure when. So thanks. Being upfront is how edward jones makes sense of investing. Whcold sore. Et you . Grab lunch . Cold sore. When a cold sore takes over, campho pheniques topical anesthetic plus antimicrobial action soothes pain fast. Whats for dinner . Meat loaf. Camphophenique on, cold sore pain gone. Reporter im Nicole Petallides with the fox business brief. Looking at the dow up 83 points right now. The choppy trading week on wall street. The s p 500 up 11. Youtube is in talks with major Music Publishers and Power Company google is planning to introduce a paid music serve ins march. Youtube trying to catch up with spotify and apple music in the music streaming business. Tesla electric big rig trucks in hot demand. Received reservation orders for 90 of the vehicles this past week despite a 2019 delivery date. Food Distribution Company cisco placed an order for 50. Anheuserbusch ordered 40 yesterday. The name of the truck semis stock right now is up 1 . Liz claman talking to our next guest of Million Dollar listing. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Liz folks, we have just gotten this news in, breaking right now. 1300 National Guardsman from california just activate head and hearing that marines and aircraft from the 3rd marine aircraft ring coordinating with california fire, cal fire. A total of six wildfires are torching and ravaging Southern California this hour for the fifth day in a row. President donald trump as we mentioned at the top of the show officially declared a state of emergency in california ordering federal aid to be delivered, and folks, its coming, 1300 National Guardsmen activated, getting there to help with the horrible situation. Fires continuing to rip through homes of some of the most affluent communities in the entire state. And world, our next guest sells those homes in those affected community. In fact, you may have seen him get in spate or two over real estate listings on bravo tvs Million Dollar listing l. A. Two billion in sales with celebrity clients ranging from adam levine to prince abdullah of saudi arabia. Josh, i know you agree with me, its human life that matters the most. That said, have you at least one client whose home is touched by the fire. Whats the situation right now . Well, i have a few actually. Its interesting, you know, the fire of 61 claimed i think 500 homes. In retrospect this is a lot less severe. Were at about 15 homes so far, a lot of the homes will be able to be repaired. Insurance companies will fix them up. People will move back in. One client of mine in particular, they dont want to go back, they are kind of traumatized, even though the Insurance Company can fix the house. Some people are waiting until the Insurance Companies kick in are going to do shortterm rentals. Liz interesting. Im sure that this is just a fluid situation. You have been able to see any of the homes that have been damaged and homes on the listings . I was thinking of driving up last night. I wasnt sure. Im not sure if they closed off straddela or roscomare. It is the area where it is the area where the fire is. Liz we should mention that a lot of people dont know this. That is where the homes of ronald and nancy reagan were or the set for the beverly hillbillies. Its incredible right now. Tell us what you think will be the longterm fallout for real estate in the area . I dont think theres going to be look, if theres more than 15 homes, we will have something to talk about. I dont think its going affect real estate in the area. The Ronald Reagan home, thats more in the east gate. When you think of bel air, understanding of the ritzy, fabulous big homes. That is east gate bel air, this is the west gate. These are smaller homes but still they are homes. Even if all 15 came on the markets i dont think its going affect the Real Estate Market. Liz little offtopic from the fires, but its fortunate. Gop tax plan contains tax cuts for almost every single area and level. But when experts on both sides of the aisle drill down, they see big corporations will benefit. When you go into the subsectors its real estate that will come out a big winner. Do you see that . Is that true . Can you confirm that . Well, depends which state were talking about. In california, i dont think that the new tax laws are going to be benefitting us. I mean just take property tax for example, you buy a house for 10 million bucks and sure, did the person have 100,000 or 120,000 a year to spend on property taxes . Probably. Do they want to spend another 50,000 that they couldnt deduct . No, no, no, 90,000, and sure, that might prevent people from making big purchases. Liz the salt, the elimination of the state and local Tax Deduction may hurt specific states in real estate but help others. Does that bother you . Absolutely, its very unfair. I think its very unfair. Theres going to be hundreds of thousands of more dollars paid in state taxes because of the deduction, and theres also going to be a huge i dont think the 10 to 20 million is a huge deal. When you are buying a 20 million house and property taxes are 200,000 or 250,000 a year, yeah somebody might give a Second Thought to making a big purchase. Its going to hurt the ones 2 to 5 million, if youre a dollar or lawyer, yeah, i dont think its good for the blue states. Liz and maybe those people who employ others might not hire new people. Well watch it carefully. Josh, thank you for joining us. Of course. Liz josh flagg, host of Million Dollar listing on bravo. We have the dow industrials up 93 points. A very strong november jobs report. Check. Government shutdown averted. Check. Tax reform looking more likely. Also, check. Theres nothing freaky about this friday for President Trump. Now Charlie Gasparino is hearing he could be getting an early legal holiday present. Charlie is about to break it next on countdown. Zar one of our investors was in his late 50s right in the heart of the financial crisis, and saw his portfolio drop by double digits. It really scared him out of the markets. His advisor ran the numbers and showed that he wouldnt be able to retire until he was 68. The client realized, i need to get back into the markets i need to get back on track with my plan. The Financial Advisor was able to work with this client. Hes now on track to retire when hes 65. Havi someone coach you through it is really the value of a Financial Advisor. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Liz breaking news, chairman ever the house ways and Means Committee republican kevin braidy of texas Just Announced that the tax cuts and jobs act House Senate Conference where they meld the two bills together and horse trade galore to come out with the final product. They have slated to open their first meeting on wednesday of next week. Wednesday is the day this new, guess you could call it slugfest begins, maybe congress will wrap tax reform as a gift by christmas. Charlie gasparino with what else he might get. Im not saying i endorse this view of the president s legal issues. If you remember about a week ago, you and i, i reported on your show around the time of the flynn plea agreement, the general flynn plea agreement, donald trump was signaling to friends telling them hes not going to be charged in the mueller russia meddling probe. He is in the free and clear and hearing that from his lawyer ty cobb. Thats a week ago. What has changed in the last week . Nothing. What his attorneys are signalling to people what he is signaling, meaning the president. They believe, and this could happen before the end of the year that donald trump is going to be exonerated by mueller in the russia meddling probe. Now do i believe this . Is this Wishful Thinking . Are they telling something to the president , they just want him to hear. I cant tell you. I can tell you theyre still signaling this, and you know, what makes this sort of a fascinating story beside the fact that you have the flynn plea agreement, you have the Deutsche Bank being subpoenaed, though we dont quite know what they are subpoenaing. Liz conflicting issues here, one minute its a subpoena, the next everything is cleared. We dont know what theyre asking for and who theyre asking it about. Theres obviously people in his orbit at the very least, in the trump orbit asking for the subpoena, we know that theyre subpoenaing Deutsche Bank, why is Deutsche Bank important . That was Donald Trumps main bank or the trump organizations main bank. A lot of stuff is happening with the probe, and as this stuff seems to be heating up, his people are continuing to say this. Why are they saying this . They may know something we dont know. That hes gettinguve this thing. It may be possible that they feel there is nothing there and feel people around him and not just him. Maybe it goes to jared kushner, maybe they want to tell ty cobb wants to tell his very volatile boss something he wants to hear. Lawyers are known to do that. Known to tweet for their own clients. I hear that, he tweeted something about somebody, right . Was it john dowd that tweeted something. Its a little offtopic here. Liz this is what i think for President Trump is that many people on his side say wouldnt we have heard something by now, if there is any there there . That a great point. Why does it take this long to find what else are you looking at . When i talk to friends of the president that he thinks hes in the free and clear in the russia probe, they have come back to him and said okay, youre dealing with bob mueller who has a fairly wide discretion into looking into your affairs. Maybe hes found something outside of that because hes subpoenaing everything. So thats what we are right now. Again, im not saying i endorse this, i am telling you the interesting breaking news of this, in the face of all this sort of, i guess, investigatory fervor, subpoenas to Deutsche Bank, clearly they got a subpoena, we dont know exactly why, other issues involving potential witnesses including the plea agreement for general flynn, both trump and his lawyers are telling people they believe even possibly before by the end of the year, trump is going to be exonerated in this probe. Liz charlie, thank you, but before you go, i want you to check this out. Yesterday we asked our viewers about their holiday wish list. What one investment did they hope to find under the tree . Investment . Guess what, charlie, you made the cut . Gail force wants Charlie Gasparino for three hours. Who is that . Liz i dont know. What kind of consultation. A shrink . Liz read between the lines. I ran into a shrink last night. I saw dr. Phil, he was with guess who . Guess who . The mooch. It was such a great night, i was at the polo bar. Dr. Phil had his arm around the mooch, Rudy Giuliani and steven spielberg. Liz the best, best, saving private ryan, the best. Heres from everett chavez, i want 100,000 shares of bitcoin so i can have a 1964 1 2 mustang restored . Tom wants an 1887 cc Morgan Silver dollar. My holiday wish list, i mean, diamond, obviously, and 100,000 followers by christmas. Right now we are at 89,000, thats an old full screen. Were at 89,500. Liz, i want socks because the laundromat keeps screwing up the socks. Liz you dont do laundry. In the big sack. And they keep losing my socks. Liz ill get you socks. Im wearing two different pairs, two different socks. Liz make sure to follow me on twitter. Hes gasparino. Somebody wants three hours for you, i dont know for what. Records for the s p and dow, coming up. Liz dow, s p are on track for record closes. It is dow versus bitcoin as well. Which one will go the distance in the battle for 30,000 . Peoples United Wealth management cio john trainer with us. This thing has gone nuts lately. It is incredible, incredible, absolutely. Remind me of 1999 with nasdaq all over again. Liz we know what happened in 2000 and 2001. That was a big crash. What do you expect for bitcoin . Do you think the dow hits 30,000 before bitcoin does . We think about it coin 30,000 but again clients need to be aware. I was making a presentation to clients in new hampshire. Bitcoin came up. We talked about it as speculation rather than investment. We talked about 1999. Internet is great, cryptocurrencies are great but you have to Pay Attention to the underlying price of that investment. We think about it coin is little head of itself the and it could to higher. Liz what drives it. Dow, 24,000, were certainly above it, 24,313 another record on track. Up 23 so far this year. Do you predict any kind of correction . No, were actually very positive. This mornings employment report confirms the goldilocks economy. Were accelerating, doing a good job. Were not seeing inplace. That should set us up for rest of the year. Were positive on this. Were probably stealing some gains we anticipate seeing in 2018 into 17. Were looking for eight to 10 return last year, next year in the market. Liz wow. I will take that for 2018. John tray nor will you take this . Record close for s p 500. [closing bell rings] for a record, dow transports closing at record high as well. We hope you have a lovely holiday weekend. That will do it for the claman countdown. Melissa the dow surging into the close a new record high. Following jobs report. S p celebrating new record close. I love that. David we love that. What a nice friday gift to all of us. David asman, Melissa Francis and i welcome to you after the bell. More on big market movers. Here is what else we have for you. Another very busy hour. President trump getting ready right now to leave the beltway for the deep south. The commanderinchief is about to head to pensacola, florida for a campaignstyle rally. That is happening to night. The event is located 25 miles from the alabama border. That is significant. That is where the senate race is between roy moore