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Contentions. They double down on the support of the superior syrian leader. Just moments before agreed to meet with secretary of state tillerson with so much developing there. The north korean dictator is looming large over both the east and the west. In just two minutes we have the former u. S. Ambassador live on increasing worry that they dont might not be able to stand strong on 70 fronts and from military to financial microscope. What could be many more storms. Because in the end its your money. The center of some big wall street road rage accusations about ponzi scheme. It is pushing it we are keeping an eye on it also. Start the countdown. Breaking news traders are seen below the radar signals that wall street could kinda be close to a bit of a freak out at this hour if youve only been watching the lower band of stock indices not seen the whole picture and show it to you. Take a look at this. Two traditional gauges the safety play of gold in the fear index you can see both are up the levels are at fivemonth highs for both gold and the volatility index which is up three and a third. What does that indicate. Indicates the most attention weve seen in the markets since the november election. The political unrest is really pay plane out at this hour i can tell you were probably can get lots of breaking news this hour and partisan gridlock here in dc. To start the dow and s p 500. It actually dipped below its 50 Day Moving Average for the First Time Since november we may see it close on both of these indexes right now below the 50 Day Moving Average what does that mean and regular speak we are losing enough that it becomes more of a concern. The nasdaq lower by half a . A lot of drama yes. Were tracking united today. Drama has been the codeword. A paid seeded passenger and being dragged up the plane to make room for you ao employees. The forcible removal over the weekend drew outrage doc tried to climb its way into positive territory but at this hour its not reversed its down one quarter of one point. Even though they came out on Good Morning America and said we will never have Law Enforcement remove a passenger who is paid again. I didnt quite do the job for a lot of people. Bad news keeps coming for a company that seemed on track and to really really be the next darling ipo they have a policy in communication has stepped up according to the ceo. And of course theyre not saying why what stone whetstone is leaving. She is contented with multiple scandals including allegations of sexism stealing auto driving technology and of course highprofile out first. Where he kind of verbally smacked down one of his own drivers. I want you to talk and listen to us talking about something that really matters here. The best way to describe it. This is the distal direction in syria over the past couple of years. So much destruction and violence around the world. Who will pay the bill to rebuild that city as they continue to be a conflict region and we see russia sticking up for the very man who is at most part responsible for that bashad alassad. That is what they do. Just recently they delivered a 17 and half billion dollar package to the government on february 12th. After that nation wrestled with years of war. The former International Monetary Fund Official is with us now. We will come back to you but in the meantime the ims appears to have a lot on its plate. Does it have enough money to clear that plate . In the current circumstances it does. If you remember back to 2008 and 2009 and the pivotal g20 summit where they immobilized 1 trillion in new funding for the ims there are ways of cash were needed to be obtained. Lets talk about where the cash comes from. It comes from the nine states and many other companies who pay and to help out these regions afterwards. We can show it again. Its what happened in the wake of a chemical attack. You have to convince everybody who pays into that general account of the ims that this will be good money getting thrown after bad. The Funds Available in their own resources are a revolving fund. It will provide the wherewithal for the repayment. Lets educate our viewers the president just met with him does china pay into the ims. They all participate in what is called the quota. Everyone pays in according to their economic weight. The u. S. Has put in 70 or less. China now with the increase in quota a bit over 6 . But this was a onetime only operation. There are subsidiaries the United States has decided not to participate in the last two rounds of fundraising. That has to be on president obama right . Do for c any of that changing. Why are we paying so much and a lot of others arent holding up to what they are supposed to be doing. I was referring to the supplemental funding. It was a kind of standby reserve and this certainly could be reversed and could be reversed quickly but not just the president ial a decision but also congressional approval. Christine obviously has quite a bit. Where does she see nothings. They depend on the circumstances. It has to be in a situation in which there is a working government. The likelihood of success. Well had to guess who what she thinks. My exclusive interview with the current managing director of the International Monetary fund i will be getting her thoughts on that plus President Trump and hill the new waves of populism across the globe particularly in france in and europe will Impact Global growth you wont want to miss it. Any moment now President Trump is going to great the nato secretary this meeting comes at possibly the most tension filled time in years they are threatening to wipe out america. They are infuriated by that. This is Vladimir Putin finally found the time in his schedule to speak with secretary of state Rex Tillersons a few hours ago. But only after taking the time to take state television that the u. S. Has dramatically deteriorated the counterparts seen their taking a more conciliatory tone that ended about 29 minutes ago but still acknowledging differences of opinion on key issues. While this meeting between President Trump and the nato chief worked to americas advantage. President trump has. They have to pay for protection. Clearly that finance takes a back seat. You have to realize the advantage. We had allies who believe in us. The russians dont. You said very rightly this is a tense time. He interfered in our elections and he is aligned with the sod in syria so there is a lot that separates the United States and russia. And was extraordinary to hear but i think hes right to say. Finally we have some realism in the ministration because candidate trump and president elect trump have wondered if we could have a great relationship with russia clearly the second be the case. Did you hear that News Conference between Rex Tillerson because shifting to north korea this jumped out at me where he said north korea and we meaning russia and the u. S. Agree on this need to be the nuclear eyes. That shows corporation and coronation. That seemed pretty stunning. Is one of the areas where the u. S. And russia had agreed for a long time going back to the george w. Bush administration. We both agree and we have previously been part of the six party talks. That they should not had nuclear apons business. I was in the country here is china. And President Trump have a discussion with him last evening of course there were at mara lago together last week. The most important thing is for the u. S. To be able to push the chinese to use the clear leverage they have to try to create dash contain the problem. They did say the President Trump we need a peaceful solution to this. It seems to be ramping up. They have skirted up a little close to that region. It does not. I think the United States has an absolute right to the right master. When you have a crazy man saying we are going to wipe you off the face of the earth without a trace. South korea is our defense ally. We have an obligation to protect south korea. Relatively untested. He clearly recognizes the power of the nine seats. To make clear the power that we have and had have in the western process pacific hes gonna take notice of that. I dont think he somehow fitting the flames here. I think hes right to show very clearly that we support south korea. Great to have it your your perspective. Thank you so much. I just want to let our viewer knows we have the camera right on the white house waing for the general secretary to arrive. The meantime, with the closing bell ringing in 47 minutes take a look at the heat map. We do have nikki leading the day and the way here. Caterpillar on the other hand having a very slow day. Mike jackson taking up a job. This time not about herbal life but the spring child. The latest on this. Now involving the automation ceo coming up. Its finding itself jammed up at this hour. Despite a drop in u. S. Stockpiles which is usually bullish for prices. We might continue our protection dash where its really coming from and where we go from here. That is next on countdown. As a combination of see products. And customers. Every ontime arrival is backed by thousands of od employees,. Who make sure the millions of products we ship arrive without damages. Because od employees treat customer service. Like our most important delivery. Od. Helping the world keep promises. 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Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. The one youre looking at life pictures from the United Nations. Let me tell you whats happening here. The u. S. Ambassador has just arrived there security members are preparing to vote right now on a revelation condemning the reported use of chemical weapons in syria. Russia has apparently and we are hearing this now objective too certain language in earlier drafts of the revolution and it could possibly be told the proposal but we are watching this moment there. We will let you know. Breaking his right now. Theyve just filed some emotions. We talked about this yesterday. Did quite a lawsuit potential there. He has filed what is called an emergency bill of discovery. It is down half a . He said it is crucial and essential that the materials be preserved or s or else he could face prejudice. Requiring the city of chicago which operates Ohare Airport to probe serve any materials who have been asked by united to drag him off of that plane even though he have paid for the ticket. He had been seated and he held a boarding pass. He was the passenger of course dragged from the flight i am also now seen alisha lamy to say this that united is can a compensate every single passenger who was on that the flight from chicago to louisville after they witnessed him being dragged off. We are following the story. The stock is heading south. We are watching it very closely. Oil is also down. It has come to an end after the eia reported the first weekly decline. That would normally mean less supply higher price. The forecast is going to hit a record high. We are pumping out 9. 9 billion Million Barrels per day. Where does the oil go from here. Elliott i will start with you you would think that oil would have pumped up why is it down. If you really look in oil we were 6 lower. Just in the last few weeks. And it slowlstarted to crawl its way back. There is still a glut. Every single time that price gets higher. The same cycle. You know you and i already agree on crude. We will see. Considering that we have such unbelievable storage at cushing where they store your a lot of oil. Those are brimming oil. The oil is spilling over there so much of it. If youre talking to investors right now who want to buy will shares what you say. I am constructive on the oil price. Lets face it the last 5 was probably due to supply out of libya, and once we have that coming back online i would like to see what happens. I think there is opportunity in the oil space. Bolero is a good stock. The valuations are good. I do know that Energy Stocks by and large are down about 6 on the year. But on a relative basis. The valuations are very good and i do believe we will get closer to a balanced market by year end. Elliott im sure you are shaking your head. Fiftyseven yes or no. Elliott im sure you are shaking your head. Fiftyseven yes or no. To the gentleman in chicago. Thirtyseven minutes. Were so down about 51 points. Weve been down today by 90 points. Is this a ponzi scheme gives asian. Its all out war. The worlds biggest names in auto they are taking on tesla. The newest competition in the electric car market. Countdown is coming right back. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Think has exposure to energyfund 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 liz breaking news. We have tesla now below 300 a share. A little bit of road rage. Autonation ceo mike jackson not afraid to speak his mind. Apparently his mind is elon musk. He has that on his brain. Chief of chain of largest auto dealers taking on tesla and supersized valuation before the new York Auto Show, that tesla is one of the great ponzi schemes of all time or it will work out. Okay, but, either or, when you use word ponzi with any stock that is never helpful. He went on to say, clearly General Motors is undervalued and tesla is overvalued. Well you cant argue with that when you look at pe ratios there. Anybody can see that, is you how he finished it. This last part, surpassing General Motors in market cap two days ago. We reached out to tesla. So far no response to Mike Jacksons criticisms. You can see the shares, they are about 2, 2. 50300 a share. Teslas has been hand over fist making new record after new record. Were not saying mike jackson is right or wrong. He is been named top ceo many times. Were watching this one. Elon musk quiet in another area, playing role of apple tim cook who never attends the electronics show. Not attending the new York Auto Show but its presence felt in the way of new competition. Jeff flock is there with new details of competition for tesla. Jeff . Reporter you know if they came here this year, liz, it wouldnt have been the year for them, because this is the year of you power. That is the star of the show right now. That is the dodge demon they unveiled last night. Media swarming this thing all day. That has been the story of the show. You saw that unvillas night t was incredible. Fire, brim brimstone. It was amazing. It is 340horsepower, an amazing piece of vehicle. We have the story about competition for tesla. You see over here, this is vw, way back in the corner as the demon overshadows. That white car in the corner that is the electric golf, the egolf. We talked to the new boss of vw north america today, heinrich wobkin, who first on fox interview told us, yeah, tesla is great but the knives are out. They intend to beat tesla at their own game, beat them big time. Here is what he told us. We have highly respect of our competitors and they are in some respect also frontrunner. M not a Capital Market expert. What i hear same as you, the Capital Market is varying assessment of future development and future opportunities. I respect but we keep on going our path with a strong volume base and, it is technology which will enable to enjoy electric mobility for millions, not just for millionaires. Reporter they, that is the ticket, liz. They are a high volume manufacturer. They say they will bring electric cars to millions of people. They will build, they say, and sell a million electric cars by the year 2025. Tesla . Not so much they dont think. Knives are out. Liz i dont care, you look at that, you look at tesla, sorry, vw, i want a tesla. I mean the look, right . It is unbelievable. Reporter they say it is all about volume good to see you, liz. Liz sometimes it is also about the look for idiots like me. I think it is pretty. Closing bell, is of course 28 minutes away. Were looking at a do you still struggling down 53 points. President trump dispatching top dogs. Vice president mike pence and House Speaker paul ryan to woo the Freedom Caucus a yes vote on health carefree dom health care reform. Freedom caucus was the match that burned up the previous plans of replacing obamacare. Could a new firestorm come over details of the gops new plan . What it will cost you the consumer and the state you live in. Former senator George Lemieux and former governor Jim Hodges Duke it out. More countdown on the way. I use whats already inside me to reach my goals. So i liked when my doctor told me i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes or for people with type 1 diabetes or diabetic ketoacidosis. 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Liz President Trump just walked a campaign promise, the promise to declare china a currency manipulator. He told the wall street journal, this is affecting the dollar right now, in a report due out from the administration this week he will not accuse china of manipulating the yuan. The dollar is falling against all major currencies because not only did he say that, he said the dollar was getting to strong. He would prefer to keep Interest Rates low. The fed should keep Interest Rates low. He let open renominating Federal Reserve chairwoman janet yellen once her tenure is up saying he likes and respects her. Were looking at a falling dollar. Were looking at President Trump making comment to the wall street journal anything else that comes out well tell you. Were looking at 10yearyearold has just fallen. This is flight to quality when yield falls, price goes up. That yield 2. 28 . That is lowest since midnovember. Flight to quality, treasurys, gold, not the dollar right now. We have this breaking news. The United Nations vote i just told you about that would have condemned syrias suspected use of chemical weapons failed. 10 votes four, two against, ree be a tensions. Russia and bolivia voted no. China ethiopia and kazahkstan abstained. Really shaking a stick at syria, speaking out condemning the chemical weapons attack. Ladies and gentlemen, thats the United Nations for you. Speaking of campaign promises, this was donald trump talking about taxes back in february. Lowering the overall tax burden on American Business is big league. That is coming along very well. Were way ahead of schedule. Liz in fact, that very day was february 9th. President trump said give us two to three weeks well announce it. Well announce tax reform plan or idea. Nine weeks later, we do not have it. Now here is what he told fox business and Maria Bartiromo yesterday. I dont want to put deadlines. Health care is going to happen at some point. Now, if it doesnt happen fast enough, i will start the taxes but the tax reform and the tax cuts are better if i can do health care first. Liz lets bring in political veterans from both sides of the spectrum. Former republican senator from florida George Lemieux. Former democratic governor of South Carolina jim hodges gentlemen, welcome. On the complications scale health care proved to be very, very high. Senator lemieux, from the kumbayah standpoint. Isnt there a better shot to pass a tax plan, first . Im not so sure liz. We havent had tax reform in this country since 1986. I think they get health care done. Freedom caucus lead remembers speaking ryan. We only need 10 or 11 votes to come off the opponent in the house to get this done. Then it goes to the senate. I think there is a chance. If they cant get Freedom Caucus, set up straight repeal vote, 2018 effective date. That puts pressure on congress to get things done. Health care can get it done. Taxes by august. Congress needs deadlines and pressure points. August recess is always a pressure point. If they can get health care done in the next month, they can turn to taxes hopefully get that done by august recess. Liz were pushing tax reform because as a Business Network weve seen sentiment skyrocket on the hope we would see this. Fitch, the ratings agency, yesterday reaffirmed the u. S. Rating of aaa you know what . Eventually well get tax reform hopefully sooner rather than later i think. Governor hodges, from the democratic standpoint, would you as a democrat, if you were in Congress Look attacks reform and say, this i could work on . Right now obamacare is too testy but this i could look at . Well, first of all i think this is proof that this stuff is hard as we like to say about big projects like this. President trump has strong majorities in the senate and the house and still could not get health care across the finish line. So it is certainly weakens his hand on dealing with issues likes tax reform. My own view is, that infrastructure coupled with tax reform is something that ought to be done but, President Trump has got to decide whether or not he wants to deal with the Freedom Caucus or he wants to deal with moderate democrats trying to get a plan passed. I believe that if he is willing to work with moderate democrats and Business Leaders that he can put a plan together that addresses infrastructure and tax reform. But he will have to be willing to do that. Liz senator lemieux, that is business. The president told fox he specifically said he want to it weave in or pair health care with infrastructure and with taxes. Is that, is that realistic . You know, look the president is flexible and he is going to negotiate based on the liz im not worried about him being flexible. He does the art of the deal. I have no concerns about him. Its congress. Youve got kevin brady now, the house ways and Means Committee chair, he was tweeting, vote now. Were ready here. The gop has a bold plan for tax reform. It is simpler, it is fairer. Make sure you retweet if you agree. Now youve got all of them saying go with tax reform . Thats right. And tax reform is doable. The house ways and Means Committee has a tax plan. Theyre ready to go, vote it out of the committee. Send it over to the senate. That is easier vote than the health care bill. It is replace part of repeal and replace that is difficult. I think they have got a chance right now on health care next couple weeks f you get to say memorial day, and you dont have anything done on health care, then i think you have to go and just switch to taxes to try to get that done. Liz governor hodges, South Carolina, your state, how will the states handle what could be a change in health care that leaves a lot of Decision Making up to states . Not very well. I dont think states are particularly wellequipped for this. If you privately talk to most governors they express concerns what well get with medicaid reform in particular will be that we will get less money but in the long run we will still get the ol rules that the federal government put in place about spending. Flexibility is one thing but if you get flexibility that eventually goes away all savings from health care will be minimized for state governments. I think governors are very concerned. Liz former senator George Lemieux, former governor jim hodges, great to have you on the program. Thank you. Thank you. Thank you, liz. Liz they know whats easy, they know whats hard. Were looking at you Dow Jones Industrials down 67 points. When we come back, Charlie Gasparino has some breaking news on taxes and what the president may or may not do. Stay tuned. Are allergies holding you back . Break through your allergies. Try new Flonase Sensimist instead of allergy pills. 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Liz is President Trumps embattle advisor steve bannon about to bend before he breaks in his standoff before the president s soninlaw . Charlie gasparino with the details. You have tax breaking news. Youre a machine today. Thanks. Well talk about bannon first. He is the Senior Advisor to President Trump. He still is. He was the most trusted advisor for a long time. He is no longer now. The president made it very clear his, at least his status, i mean his clout liz standing. His stroke within the Trump White House is now on the downside. What is on the upside . Well the guy he battled with recently over policy and other issues, or even maybe stroke itself, jared kushner, the president s soninlaw. Also a Senior Advisor is now on the ascendency. Here is what we know from people close to bannon. Theyre telling me is willing to play the long game as of now. He is not looking to leave. He is committeto staying a the job, and work it o and heres i think the key thing. This is the one thing that i would say, i think this is a waitandsee thing as well. He understands that he is no longer the top dog in there, okay . The top advisor for trump. But he will continue to push his nationalist agenda. He is the guy that came up with the wall idea or pushed the wall idea. He is giant at this immigration. He wants tax cuts and trade deals with china. And, i guess the best thing to say i believe if he has no seat at the table if it looks completely untenable, steve bannon, knowing who he is will leave but right now he is willing to the play the long game. He is willing to accept the fact he is no longer the favorite son. All you have todo listen what trump said on the recordmichael goodwin of the new york post, to know that Steve Bannons status is diminished. He said i barely know the guy. That is crazy. Liz that is not really fair. That is not fair at all but that is what the president said. So he is willing to fight it out for now. He is willing to play the long game. But i would say this. If it looks untenable he is out. He is losing certain battles. Liz what do people think . That is exactly what they tell me. I asked for comment directly. Liz thats what im saying. They dont have one. See it play out on a policy things. Trump came out said china was not a currency manipulator . Liz that is i would came back. A lot of walking back things steve bannon pushed. Export import bank get rid of it, part of administrative state. Who needs corporate giveaways. Trump likes the export import pang right now. Bank. Something we reported earlier, you retweeted, thank you. Trump is considering getting rid of, not doing the big Corporate Tax cut and doing something known as repatriation. Where companies have to basically repatriate their corporate profits overseas. Liz offshore. Get taxed at lower rate. Use part of that for infrastructure plan. That is not quite bannonnesque economics. He is much more for lower taxes and maybe trade wars with people that he believes dont play fair. But not that sort of corporate giveaway. Thats what, that is how this thing is manifesting with bannon losing power. It is manifesting in policy right now. Less nationalist. More globalist trump. I never saw i would see it after bruising campaign. Liz he is making friend with xi xinping of china. Movement certainly today with Rex Tillerson and putin. Lets be clear. This has Jared Kushners fingerprints and gary cohn, former number two with goldman sachs, who has been sparring with bannon. Has come out on top i think. Liz gary cohn is guy that is rational. But you know donald can change in a minute. [laughter] when we hang up he liz could change in a minute. Charlie, thank you very much. As we look we have the dow now down 79 points going a little bit further south. Well be right back. When this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. Liz we have a market maven who despite the turmoil says overseas is the place to park your money right now. That is what the wealthy are doing. Barrons top 2016 female Financial Advisor kimberly orth joins us. Rated number one top 2017 Financial Advisors in america. So the rich are different or maybe not from the rest of us who we have Retail Investors watching. We have wealthy and business people. So, we like diversification. Our clients in general are very calm right now. Theyre happy, theyre content. Theyre not jabil jubilant about the market. We think volatility will increase this year. Liz the vix started to jump. That is an indicator of nerves, investor and trader nerves. But youre saying park it overseas. That is a broad statement. Narrow it down. Where . Everything in moderation of course. This is piece of your portfolio. Liz you sound like my father. I am your father. I cant help it. I was talking to him earlier today. Liz he is is up there. We Like International in our portfolio. Our Investment Team is adding Additional International to the portfolio right now because that sector has been so beat up over past few years, we think there could be an opportunity there. If youre going to ask me specifically where do you like in the developed areas, we like the eurozone. Inside of the eurozone. We like germany. What the u. S. To the world germany is to the eurozone. They are leaders in europe,. Liz last 5 58 minutes, the president said dollar too strong. The dollar falling precipitously. Couldnt get a u. N. Resolution against chemical weapons against syria. How do you keep that money stable when the dow is falling 66 on one day and jumping 30 on the other . We like to focus on the long term. Our clients, they base their goals on a written financial plan. We look at the Bigger Picture of everything. There will be volatility. Every single day there will be volatility. To your point you jamessed five things that create volatility. We focus on the long term. Everything in moderation diversification. It sounds boring and it works in the Bigger Picture of the universe and works if you focus on your goals. Liz what keeps you up as Financial Advisor . As i said im worried, not worried but concerned about volatility. Im paying attention to it. Even though clients feel good. Im paying attention to it. Im reminding you there will be volatile. Were always concerned about inflation because that can rear its ugly head at some point. Bonds could be concerned down the road. Plenty of things could keep me up. Liz have a good sleep. You informed a lot of viewers ways to stay calm and carry on. Thank you very much. Thankful to be on the show. Liz lovely to have you. Kimberly orth. 20 seconds before the closing bell ringing the dow and s p are finishing below their 50 Day Moving Average. [closing bell rings] that is certainly a flashing red sign. Quick mention, United Airlines stock dropping precipitously after that passenger carried from the flight is filing legal motions. David and melissa. Thank you very much. Wall street wobbling amid tensions here and home and abroad. Dow ending down more than 60 points. S p and nasdaq following suit. Im david asman. Melissa im melissa francis. This is after the bell. We have a very busy hour for you but i want them to pay. I dont want to be taken advantage of. We dont want to be the stupid people anymore, okay . [applause] melissa the president slamming nato on the campaign trail and then in office today he is hammering things out with the secretarygeneral. They will be holding a joint News Conference at anyt

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