Wars the last jedi, is in theaters tonight. Rich gelfond is the ceo, hes here exclusively to tell us how star wars and the disney fox tieup will change hollywood and just how imax outdid itself at the london premiere. Were going to show you something youve never seen before. Plus, oscar winner jamie foxx helping the turn the eye wear industry upside down . How a pit stop at a gas station got him together with the gutsy Small Business thats ready to disrupt the disrupters. And well tell you how a tech titan original is now hoping to use his original take and chance on bitcoin to cure global poverty. Can overstock Ceo Patrick Byrne do it . Were going to push him on this in a fox business exclusive. On wall street, the markets sliding late in the session as materials be and Health Care Stocks lose are ground. Were less than an hour the closing bell. Big hour here, folks. Lets start the countdown. Liz breaking news just minutes ago, President Trump literally cut the red tape on red tape and regulations following his remarks at the white house. Specifically focusing, as he stood beside those huge towers of regulation that have happened since 1960, President Trump saying that his administration which originally had thought hed do two for one, well, he says its now 22 regulations vaporized for each new one added. He also doubled down on the overall effort to rid the federal government of excessive rules which he says hurt entrepreneurs, hurt Small Businesses and hurt job creators. Lets check on one group of stocks that could be largely impacted by this, financials. Currently trading mixed at the moment or flat, you could call all of these flat, but goldman and wells fargo look slightly higher. Checking the broader markets, stocks losing momentum after hitting an alltime high earlier. The dow, which in essence any gain will make it a record close, now looking to snap a fourday win streak of record closes. Right now the dow is down 44, the nasdaq down 13. Theres a whole issue about Net Neutrality and a lot of tech names that are moving all over the place on this. Well get to that in a moment. And the simpsons nailed it again. Prescient, you could call it. The hit series predicted disney would buy fox nearly 20 years ago with this bit of animation where it said 20th century fox, a division of wall street company. [laughter] well, call it magic or prescience or simple dealmaking, but the two companies have finally put all the rumors to bed and announced a media megadeal that combines two of the worlds biggest entertainment giants. 21st century fox leading the s p 500, its jumping about 6 now, hovering near a two and a half year high after finalizing a deal to sell some assets to disney for 52. 4 billion. Disneys up 3 . Why . Because it includes Cable Entertainment networks, International Tv businesses and, of course, the film and television studios, plus foxs hold on hulu. Its stake in hulu, which is owned by a lot of these companies. Now big blockbuster franchises like simpsons along with movies like the xmen under the same roof with disneys frozen and star wars. 21st century fox will spin off fox news, fox business, fs1, fs2 and big ten networks, but as weve seen with at t and time warner, no deal is final until the regulators give it a green light. And, of course, at t and time warner, theyre getting a major flashing yellow if not turning slightly red. Straight ahead, Charlie Gasparino on whether the two Companies Might have to do a very delicate dance through the governments red tape to get over the finish line with this deal. Its not a done deal. By the way, if its rejected, disney has to pay fox a breakup fee of more than 2 billion. Well, if you thought congress was about to settle in for the Christmas Holiday dramafree, you have to think again. A major wrench has just been thrown into the gops plan to pass sweeping tax reform in the form of that guy on your screen, senator marco rubio, the republican from florida. He says and has confirmed hes a no vote on the tax package. His big issue . The Child Tax Credit. He says it needs to be more generous to low income families than it is right now, and just moments ago we heard from a rubio spokesperson if he is a no on tax reform to which she replied, quote, thats correct. Senator rubio has consistently communicated to the senate tax negotiators that his vote on final passage will depend on whether the refundability of the Child Tax Credit was increased in a meaningful way. Blake, youre at the white house. The president , couldnt tell, he looked very casual and excited. Didnt seem to be worried about that or is he secretly whistling past the graveyard here . What can you tell us . Reporter well, in an event at the white house just moments ago the president was asked about marco rubio, and he simply said well be there, he thinks marco rubio will be there. Hes pretty optimistic. If nothing else, he doesnt really think marco rubios going to end up being a no vote on this even though rubio has said, hey, look, the child tax the child care tax credit is not in the ballpark that he and senator mike lee want it to be in. This is an issue that they have stood on for a while nowing working with ivanka trump on, and now that we are getting down to what appears to be the last day or days if not hours of negotiations before republicans finally roll this thing out and bring it to the floor next week, youve got marco rubio who was thought to be a firm yes now all of a sudden saying, hold on a second, im a no. I asked sarah sanders, the White House Press secretary, about this in the briefing, and she said they are continuing to work with marco rubio about it, but now you are starting to see, liz, a whole lot of or at least with a few different people here who you now have to follow as the which way they might lean on this. Marco rubio, mike lee says hes reviewing it, jeff flake is still working through it. Of course, you know the concerns of bob corker. The white house has felt optimistic throughout, we havent gotten any sort of wore toly from them that this thing is on the edge of teetering as we heard President Trump say he thinks rubio will get there. But no doubt about it, liz, certainly republicans in this white house have to Pay Attention to marco rubio and his concerns was he say because he says as it stands this very moment hes a no, and theres not a whole lot of moments left. Liz . Liz plus you have doug jones who probably at the moment will not be, i guess, one of the voters . Theyre trying to get that ahead of him being sworn in in january, and this may give bob corker a republican whos not on great terms with the president and who was concerned about this tax reform plan more, i guess, oomph and ability to turn around and say i might be a no, right, blake . Reporter theres always a Snowball Effect here. If one says im a no, it kind of opens the doors for the others to say, hey, look you know, republicans have been making the argument that if they can get to 50 plus 1, maybe some democrats would come on board and say yes. Potentially, youre getting the opposite of this. By the way, liz, just heard weve got the tape from marco rubio. Liz right. This is his concerns. Listen here to the senate just momentsing ago moments ago. Liz okay. I think hes really been a great guy, really supportive. I think that senator rubio will be there, for sure. Were doing very well with the tax front. We have tremendous support. We have tremendous spirit. Liz yeah, yeah, go ahead. That was supposed to be rubio. Were still working on the edit of that because it was sort of on the run for marco rubio. But, blake, thank you very much. Reporter yep. Liz and lets just also remind people that cheryl had just told you about a quinnipiac poll where 55 of americans polled did not like this gop tax plan. So as we look for more gran you lairty on that, we do know this the Business World for the moment is not focusing on the Corporate Tax rate right now. Theyre watching to see how regulators will respond these are President Trumps regulators now en when it comes to the 52. 4 billion between disney and fox business Parent Company 21st century fox. Both stocks are jumping right now. There is a belief itll happen, but charlies been working the phones to find out will this deal get as much scrutiny as what we saw with the at t and time warner deal, charlie . Great question, and i will say no based on my sources inside the trump dojs antitrust division. Heres what theyre telling me, and these are from lawyers that are working on the at t time warner case. Remember, theyre the doj, the trump doj is suing to break up that deal, that major, that other major merger within the Telecom Media business. The trial is set for, i think, february. It should run probably a decision made by april because its a expedited decision schedule that theyre working on. Hereheres what theyre telling, the opposition of at t time warner does not negate the disney fox tieup, and they will not receive the same type of intense scrutiny from the doj that is being, that, obviously, at t time warner has. And we should point out that theyre signaling this as at t time warner, doj and at t are both currently planning their legal strategy as this trial date passes comes, is looming. Heres the thing, liz, you know, this is an odd thing in terms of antitrust. In the past, socalled vertical mergers of at t time warner, when you have distributer, content and not overlap on the same sort of functions was generally allowed, you know . With some conditions. Comcast Nbc Universal is one of those examples with conditions, right . What hasnt been allowed traditionally is the horizontal mergers where you layer on top of what disneys doing with our assets the same type of assets. Why is that in the theory has been that that becomes potentially a monopolistic merger where you could squeeze consumers. Justice department is now arguing just the opposite. Theyre saying combine massive distribution and content even though youre not doubling down on either or on any of them is not good for the consumer because you could squeeze everybody else to force them to pay at t, essentially, can squeeze consumers by forcing them to the pay up for the content that they have now which is cnn, hbo, you name it. And theyre basically saying on our end, well, we dont see, basically, how that is such a monopoly if disney controls a lot of the box office. Because guess what . Theres all these emerges technologies coming out emerging technologies coming out. Content is everywhere from netflix to hulu to you name it. Its everywhere. Content is not a problem right now. Theres no monopoly on content anymore. So thats what we have right now. Its an interesting debate. We will be following this closely because its one of the best stories right now, biggest stories right now on wall street, particularly the at t time warner deal. And one other thing. President trump said he has tremendous support for the tax deal, is that what that poll of yours suggested . I dont think so. Liz in fact, they just ran it in the intel report, the show before us, and cheryl had it, it was a quinnipiac poll that said 55 dont approve. You know, americans see certain things, and they see its going to be a permanent tax cut for big corporations right. Liz but temporary for them. I think they may be bothering people. If you get one of the biggest tax breaks here, youre in the lower income, say you make 75,000 a year, theyre telling you youre going to get 2,000 in tax savings. Divide that by 52, its 38 a week. What do you get . I dont care where you live, if you live in the midwest, you cant buy a lot with 38. Liz charlie on so much that on top of that, theyre screwing a lot of people in new york who pay into this economy bigtime. Liz charlie, thank you. And im sure some of our viewers dont care about new york well, some of our viewers are in new york, some of them in california too. Liz absolutely. Absolutely. I have relation to all three including new jersey. That too. Liz closing bell ringing in 47 minutes. Dows down 39. Disney not just banking on fox today, xwing fighters set to launch for the debut of star wars the last jedi. Hows that going to look op an i max megascreen . Particularly one built to watch. The latest edition built at the famed Royal Albert Hall in london for the big premiere. Wait til you see how they built out the screen. Were going to show you exclusively. Ceo of imax rich gelfond here exclusively to talk jedis, the dark side, the movie business and how that disney deal and fox could change everything. Hi, rich. Come on down the hall. Well see you in a minute on countdown. As its currently structured, is only 1100 which means a lot of people making 35, 40, 25,000 are not going to be able to utilize as much of the credit as they need. What ive asked is that that 1100 be raised. Im reasonable about it. Liz marco rubio intends to say no to the gop tax plan unless he says it floats more of the tax change benefits, specifically the Child Tax Credit, to the working poor. The white house just said that the Child Tax Credit will be doubled under the new plan, so there apparently is a disconnect between the two or theres a gap at the moment that needs to be bridged or for now rubio is a no vote on the tax reform plan. Well, speaking of Child Tax Credits, theres a lot that children are look at tonight as well as i adults, they are geeking out about whats going to happen this evening. Liz disney already was gearing up for a heavily busy week in just the massive release of the star wars flick, the last jedi. But then they have an out of this world announcement, the disney 21st century fox deal. One company uniquely positioned to benefit is imax. Imax ceo rich bell fond joins us now in a fox business exclusive. Oh, this is exciting. Youve got two huge stories descending on your world. We do. I mean, its hard to believe the force all coalesced around today. Liz i like that, rich i do too. Liz you stole that one from me. [laughter] he was so excited and ready to use that specific line. Rich, lets get to the big news first that is the newest news. Two major studios who, if you use just last years numbers, combined have 40 market share. Im interested to know what you think about how that kind of blockbuster, i guess, combination will affect your business specifically when it comes to distribution and how theyre able to negotiate all kinds of deals that may be great for them. Id like to know how you see it. Im very positive about it. First of all, disney is our closest relationship in hollywood, the most films, the most dollars, tremendous marketing cooperation between the two of us, make blockbusters which is imaxs product. Although we have a Good Relationship with fox, i think whats going to happen is its going to be the more, bigger movies, more integration, more focus. Disneys also in the business of creating movies not just for movies, but for franchises. So whether its sequels or theme parks, imax is certainly a great way to launch blockbusters and launch franchises. Im very excited about it. Liz yeah. Youve got the xmen franchise coming from fox, ice age when youre looking at Animation Properties there. Star wars, which is on disneys side, avatar. What they get, and not a lot of people are talking about this, but its avatar ii that you and i have talked about for years. Avatar still holds the record for the biggest blockbuster, Box Office Numbers ever. So they get that. They already have a synergy, i believe, with their theme parks. They do. I havent been there, but ive heard avatar world at disney world is fantastic, really great. Avatar, even though we launched it seven years ago, did over 250 million in imack when we were around 200 screens, now we have 1400 screens. For me when i get excited about it, avatar is really the biggest thing of all. And then star wars, like you say, fox used to distribute star wars, now disney does, reuniting all the marvel characters. I just think its fantastic for the movie industry. Liz for you guys specifically because, you know, art films respect really your thing at imax, so youll get these opportunities. Im very interested that you just said avatar is the biggs thing, but this weekend its star wars the last jedi. You just premiered in london, and youre about to see something nobody has seen, and that is the time lapse photography of what you pulled off at Royal Albert Hall, a building that was built in the 1870s. So we had six hours to turn Royal Albert Hall into an imax theater. And ive got to tell you, liz, weve never done Something Like this in less than three days. And when the team said they could do it, i held my breath. And as a matter of fact, i talked to kathleen kennedy, producer of star wars, that morning. And i said no ones ever heard of me, but if we mess this up, im going to be more famous than you. [laughter] by the end of day. And im glad i wasnt. Liz well, keep going, because were watching it go up. I want to see the full thing happen. You see the side parts how many workers and, you know, this is unbelievable. There were eight people, and because we really were worried it wouldnt work, we rented a warehouse next door to Royal Albert Hall. We flew all the things in from around the world. We put up this screen over the weekend liz there it goes. Ask then we tried it, and it worked. And, you know, we said god forbid, god hoping no problems. It went up and it worked, and i was at the premiere, and it looked phenomenal. I even bought a glass of champagne for the guys who made it happen. Liz oh, thats nice of you, just one glass. [laughter] well, they had to stay sober in case it fell apart. [laughter] liz exactly. One thing that just came to my mind, streaming is going to be a huge thing for the fox disney matchup here. They do have the big, controlling share of hulu at this moment. Theres going to be the question of whether as they take on netflix they do these instant double releases, they will release a movie on hulu at the same time that they do in the movie theater. Isnt that going to hurt your Box Office Numbers . You have to know that some of the studios today are in favor of tvo to d. Disney is strongly opposed to it. Fox is way more in favor than disney. And the reason theyre opposed to it is it doesnt create this eventisizing, and i think particularly this is an example. They launch a franchise in Royal Albert Hall, you didnt even mention that the two princes were there and, no, meghan was not there, to my disappointment. [laughter] cinema is a big part of disneys philosophy. Liz good to see you, rich. Its going to be a big blockbuster this weekend. It is. Liz thank you so much. You too, thank you. Liz rich gelfond in a fox business exclusive over at imax. Closing bell, we are about 36 minutes away. Boeing announcing itll upgrade its Chinook Helicopters for the Netherlands Defense ministry. At fidelity, and at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. I used to have more hair. I used to have more color. And. I used to have cancer. I beat it. I did. Not alone. I used to have no idea what the American Cancer Society did. Research . Yeah. But also free rides to chemo and free lodging near hospitals. I used to maybe give a little. Then i got so much back. I used to have cancer. Call 18004944357 today. Your contributions to the American Cancer Society fund valuable research. But thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers. And even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. Liz a lot of talk about how the tax reform plan will affect Small Businesses. A highpowered hollywood heavy jumping on the Small Business train looking to disrupt the disrupters. Jamie foxx taking on the parkers of the world. The oscar winner realizing ultraaffordable eyewear alternative was a surefired tinseltown winner. Listen. I wore some glasses, put it on my instagram and people are like, what are those, the ferragamos . The guccis . Versaces, they were glasses i purchased from a gas station. Liz and he thought, wait a minute, theres something here and the man who said yes, there is, is the man behind the Company Looking to disrupt what you think is an overpriced market. Meet david shottenstein, you and jamie are working together on this . Jamie foxx, Hailee Steinfeld and ashley benson. We have a good group of partners in different areas of hollywood. Haley is also a singer, we got together and started it. Liz it is an eye Glass Company that suddenly a lot of smart people are wearing. Richard branson . Arguably one of the coolest entrepreneurs. We have a business viewing audience. If not the coolest. Liz hes wearing your glasses. Sunglasses, glasses, everything. Liz the supermodels, bella and gigi hadid are wearing it. We got together after jamies experience, here you have a product that you lose, i lose, we spend hundreds of dollars on them, and when you look at it and analyze the product, you can make a great product with polarized lenses, topnotch materials and dont have to charge 100, 200, 300 bucks, crazy. If you lost your iphone as easy as you lose glasses, you would need a therapist. Liz you are talking to the person who lost more 100 eye glasses and sunglasses, annoying. The cheapo ones, the screws on the sides and the arms come out and you need that little thing, and im not going to do that. Exactly. They said lets see if we can make sunglasses and glasses with every feature that the guys are charging 100, 200, 300, and we did it. Liz didnt warby parker do this years ago . You are trying to disrupt them. It is a great model. I think their audience might be slightly different than ours, we have crossover. What were saying is look, 30 bucks, no sacrifice, the packaging, the product, the branding, the people that are wearing our product are the pacemakers, the influence makers. J. Lo is wearing it and the hadids are wearing it, richard is wearing it. Liz i have a pair. 29. 95. Liz what is the style . The mlk. Liz the mlk. They have antiblue Light Technology and protect the retina from burning out. Liz what i liked right away, as i put these on, the arms were tight, not loose. Small businesses, how are you looking at the tax plan. The smart people around me who are in business are supportive of it. Liz you are incredible, you started creating businesses when you were 21. I did. Liz red tape was cut today. President wants to get rid of regulation, were you hit hard in regulations in an Eyewear Company . Because we have polarized lenzes and doing prescription at cost for the customer, we have to follow fda regulations, i didnt find it to be cumbersome at all. Liz riveting. Those are the bruce. Liz dont talk to me, im famous. You look incredible. Liz you have a website . A million pairs sold in six months. Liz whats the profit when you came . Profitable right away. Liz you made 5 million in sales. Over 5 million in sales. Liz and you jamie foxx on the way. Good luck to you, jamie, our entrepreneur in training here in residence, he doesnt need training. The closing bell ringing in 27 minutes. Dow jones industrials down 35, same with the s p, down 6, the nasdaq down lower 12. Bitcoin trading up 150 bucks at 16,450. One of the earliest adopters has a new plan to use the Technology Behind the cryptocurrency to solve one of the worlds biggest problems. How is overstock ceo patrick burn going to do that . Hes recruited the help of the man some call one of the most important economists on the planet. Patrick burn of overstock and his economists. You cant miss it, its an exclusive 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. Having someone coach you through it is really the value of a Financial Advisor. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. 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 on the floor of the New York Stock Exchange with this fox business brief. The Dow Jones Industrial average having gains in hitting record highs, the s p as well has pulled back. The dow down about 20, the s p losing 4 and the nasdaq down 7. Americans ramped up spending in stores and online in november. Retail sales rose 8 10 , the old School Retailers taking a hit as they struggle to compete with internet giants. Not the case for luxury retailer tiffany leading the s p 500 today. You can see tiffany up 3. 25 , known for robins egg blue boxes. Tiffany topped Fourth Quarter estimates and renewing deal with luxxotica which owns ray bans and oakley, hitting a new 52week high. Liz claman talks to overstock. Com ceo patrick burn. Keep it right here. My experience with usaa has been excellent. They always refer to me as master sergeant. They really appreciate the military family, and it really shows. Weve got auto insurance, homeowners insurance. Had an accident with a vehicle, i actually called usaa before we called the police. Usaa was there handson very quick very prompt. I feel like were being handled as people that actually have a genuine need. Were the webber family and we are usaa members for life. Usaa, get your insurance quote today. Liz calling all bitcoin spenders. We mean bit coin. If you have 33 bitcoin lying around, you can be the proud owner of this miami penthouse. The only form of payment the seller will accept will be bitcoin. With sky high bitcoin prices, that works to half a Million Dollars as the purchase price. Grab it now before Miami Real Estate there was overstock. Com, in 2014 it became the first major retailer to gladly accept bitcoin when it was trading just at 400 a coin. Here he is. Ceo and founder patrick burn, the strategy made him so successful. You found bitcoin and blockchain religion and looking to sell his multibilliondollar business as he starts a business with this man, renowned economist hernando de soto. Great to see you. I remember how you took so much flack in 2014 and people said that guy we knew was crazy, hes crazier that hes accepting bitcoin. It turned out well for you . We made a few shekeled. A pew few bit shekels a while ago. The main bitcoin is blockchain, change the world with blockchain. Liz a ledger that tracks bitcoin and cryptocurrency trades. Exactly, its the invention that lets bitcoin be possible and all the other cryptocurrencies is the blockchain, thats the real innovation, and we realize we can change the world with that. We can create a version of wall street that no one can cheat. A Monetary System that is frictionless but most importantly and i said this four years ago, there is this crazy peruvian economist who has an idea how to end global poverty. Someone has to take his ideas and build them on the blockchain. Liz and have you this idea. Explain to our viewers out there what this idea is as it involves very poor people in thirdworld countries who live on property and in essence own it, but they dont have proof of that ownership. What do you do with that to solve world poverty . Well, a little bit what the United States did during the 18th and 19th century is recognize where they are, document it properly, so not only fulfills the function of giving you a home, but a guarantee for a credit, an identity, the possibility of converting it into cash as an investment, limiting liability, putting boundaries around it, settling problems through law rather than violence. The thing is that with blockchain, which took you, the United States,s a went on your manifest destiny towards the west and took you 150 years to get your act together, the gold rush and all these things with blockchain, we can do it in five, ten years. Liz and can unleash trillions of dollars. Patrick, to the point where you have now built this gigantic business, overstock. Com, youve traveled the world. You beat cancer, when you were almost gone. Ive known you a long time. Ive been through all of this. A tale told. Liz enough that you can sell your business which you say you want to do and help de soto here, any buyers for the business . Im not sure im going to sell it. I should be clear, we did make clear we started a process, hired guggenheim, there are a lot of brick and Mortar Companies freaking out. Liz walmart would want to buy it . Im not going to speculate. A lot of the people that were one stop check to solve it. On the other hand, there are also some large funds, especially in asia, but especially in the United States. Liz private equity . Going private or large strategic liz you would consider that . Im probably 50 thinking we should solve the problem for brick and mortar. 30 thinking we should take a large strategic investor and 20 thinking, if we have the right company to go private with to bring something to the party and not just write a check, im spread very thin between overstock retail and ten Blockchain Companies which is the most important. I have to sell something off and capitalize this, or i need a company like a bain that can have the huge tableu of investment. The most successful prosperous and democratic country in the world, we can codo it with the technology, its a question of remembering what did you in the 18th and 19th century and with technology we can shorten it. Liz ive learned anything is possible with patrick. Patrick is an entrepreneur. Liz one last question, would you let buffett buy it . Warren buffett, your good friend . Theres an interesting question. He does have about eight furniture chains and i can solve all his problems. Id rather buffett get involved. Buffett, de soto and i. Liz i gave you the idea. I want credit for that. This is the honor of my life, im going to give everything up if i implement the blockchain. Liz the one and the only, when we come back, much more ahead, the dow is still down 25 points. You want a big prediction . Were going to get you one on where the s p will go in 2018. 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President trump and First Lady Melania Trump released official 2017 christmas portrait. This photo was taken in the cross hall of the white house. Its a tradition for every president for quite some time. Well, its also a tradition to decide whether you like a role that you inherited or not and President Trump was clear he didnt like it. Web equality now a thing of the past. Socalled Net Neutrality has officially been voted down 32 by the federal communications commission. Net neutrality is this obama era rule that forbid Internet Service providers like comcast, verizon, at t from charging extra or prioritizing services for companies that use tons of bandwidth. Deirdre bolton is in the newsroom with more on the winners and losers on the free market internet debate. The hogs, the bandwidth hogs are shaking and nervous now, right . They might be liz, but have deep pockets. The companies that are happiest about this repeal are verizon, comcast and at t because now they have the right to charge netflix, one of the hogs that you alluded to, alphabets youtube for heavy usage. Google, amazon, netflix supported the Net Neutrality rules put in place in 2015, though they supported the rule, theyre going to benefit greatly from their denies, because those Tech Companies have so much cash, any kind of fee increase that verizon or comcast or at t levees, you can be sure that amazon and netflix can pay the bill. The companies that are hurt by the repeal of this voter the next generation, you were speaking with entrepreneurs. If there is a future competitor trying to build itself now, a Fledgling Company may not be able to afford the keys that verizon, comcast, at t have the power to demand. For consumers, clear outcome, seems like were all going pay more for our internet use. In portugal, believe it or not, there is a live experiment already. Consumers there pay for Internet Service in tiered bundles, so basically the way that tv channels are grouped by cable providers, a system we know well. If you use a lot of broadband you are going to pay more. Todays vote puts us on the starting line for bigger political fireworks. Consumer advocacy groups are going nuts, probably going to file suit. Members of congress, particularly democrats likely to introduce legislation to try to overturn this ruling. One of the two Democratic Senators in the vote slammed the fcc chairman ajit pai about breaking the rules. Pai had to concede saying, im going to quote him here, the internet wasnt broken in 2015, it was the one thing we agree has been a stunning success. That commissioner clyburn had a direct 10point takedown of the fcc chairman that many see the beginning of the political fight. Liz, we have not seen or heard the last of this issue. Liz there were doomsday predictions for both sides waiting to see if any of this plays out. But on the other side of this, i just saw somebody claiming, it was a Peter Frampton tweet, yes, i follow Peter Frampton. How do you feel about paying 2 for next google search. We dont know if thats going to happen, do we . We dont know that is going to happen. That is what a lot of democrat are saying will happen. That is what the consumer advocacy groups say. Well, theyre sending this broader message saying you shot yourself in the foot. Gop leaders. This is going to hurt everyday consumers. To your point, liz, we dont know. Liz frampton comes alive. I saw him at Dodger Stadium and the Fabulous Forum in the 70s. Fabulous. Deirdre. Thank you. I had a crush, what document from me . The dow is deepening losses, low of the session down 67. So were not there yet. S p down about 9 1 2 points. The composite for the nasdaq down 18. When we come back, again, the s p 500 higher or lower in 2018, it should and may affect your decision as to whether to buy stocks, aaron gibbs of s p global next. Looking for advantages. The smart ones look to fidelity to find them. We give you research and datavisualization tools to help identify potential opportunities. So, you can do it this way. Or get everything you need to help capture investment ideas and make smarter trading decisions with fidelity for just 4. 95 per online u. S. Equity trade. Fidelity. Open an account today. Open an account today. I even accept i have a higher risk of stroke as far as i used to. Due to afib, a type of irregular heartbeat not caused by a heart valve problem. But no matter where i ride, i go for my best. So if theres Something Better than warfarin, ill go for that too. Eliquis. Eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. Eliquis had both. Dont stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. Eliquis can cause serious and in rare cases fatal bleeding. Dont take eliquis if you have an artificial heart valve or abnormal bleeding. While taking eliquis, you may bruise more easily. And it may take longer than usual for any bleeding to stop. Seek immediate medical care for sudden signs of bleeding, like unusual bruising. Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Im still going for my best. And for eliquis. Ask your doctor about eliquis. Liz we just learned how much disney ceo bob iger will make if his move on 20 century fox. Massive bump up with his paycheck. Nicole petallides what is the. His compensation which was 17. 3 million last year. Long term could to up to 25 million. How does stock break down . The first part is 27 million in four installments through 2021. Equity awards of 115 million. Stock of about 142. All contingent on deet going through. Deal going through. How might they do in 2018 . S p 500 is up about 19 so far. Erin gibbs what is it predict for the s p . Im looking for s p 500 to be up next year. Not quite as rosy as this year. Fundamentally are looking great, liz. Liz what is the level . Another 5 from yearend. It is really based off of fundamentals. So, were looking at about 11 earnings growth. We are trading high valuations. I would like to see the valuations come down to more like 18 times or 5 . And that gives me that range where s p should be that year. Liz you have names of stocks you put up on the screen that you feel are real winners. Aggregate with few weeks left. No vote on the gop side for tabs reform. Marco rubio, the senator. Ulta, netflix, foot locker will do well any atmosphere even if the tax plan is delayed . These are more beaten down stocks. Ulta is stock growing even without tax reform t could be one of bigger beneficiaries with it. Still one of our stronger picks. It is basically a beauty store combined with a salon to get an experience plus shopping. [closing bell rings] food locker is great value. Netflix going like crazy foot locker. Liz big merger of fox and disney. Erin, thank you. Fiveday winning streak snapped for the dow. That will do it for the claman countdown. David bound to happen sometime, stocks sliding after hitting new records of after concerns about passing tax reform. Key republican senators voicing opposition to details in the plan. Melissa please, please. David the dow closing down about 69 points right now, snapping a fourday record streak. S p and nasdaq following suit. Were glad you could join us. David asman. Melissa i think all show. They will support it. Im Melissa Francis this is after the bell. More on big market movers. First what else were covering in this very busy hour ahead. Conduct the red tape. President trump using big props at his event