the middle of trying to restart what he hopes will become the deal of the century. lasting peace in the middle east. to the markets which suddenly turned a ho-hum trading session into a bull run after the administration rolled out $4.1 trillion budget, the behemoth budget, cuts trillions from the spending curve and balances in ten years, but some on both sides of the aisle who haven't gotten all the way through it are already calling it unrealistic. major indices were languishing to the downside and started to pick up steam possibly giving investors a fourth straight day of gains. oil is a propellant after the administration said it's time to start selling off the spro, the strategic petroleum reserve. what the democrats need to see both in and out of the president's budget before they'll start negotiating? former israeli ambassador to the united states danny ayalon on whether president trump's two days in israel have moved the needle on middle east peace? and former national security adviser john hannah why the next time you go to a concert or airport, you may have to have your bag checked more than a block or mile away. we're less than an hour to the closing bell. let's start the "countdown." breaking news -- the s&p is under a point away from session highs, and within just about three to four points of an all-time record close. what's getting it there? investors feeling cautiously optimistic about the white house budget plan. we're poised to see a fourth day of gains for many of the indices that could finally erase all of last wednesday's steep sell-off. here at 2399 for the s&p, we are three points away from the all-time record close of 2402. the dow is looking decent. high of the session up 66 or 11 points away from that. the nasdaq is up three. the s&p 500 as i mentioned up 5.33. the new budget is not just helping stocks but steel stocks gaining after the white house included $200 billion in infrastructure spending in that proposed budget and the commerce department gets set to hold public hearings tomorrow on the impact of steel imports on national security. you have -- look at that jump, up 18% for a.k. steel. u.s. steel up and new market up 1.33. new corp it should be, not new market. well shy of analysts expectations. the auto parts said delayed irs tax refunds hurt sales in the first five weeks of the quarter, that's bringing down advanced auto parts and o'reilly. to the deadly concert bombing in the united kingdom. panic and fear ensuing as innocent teenagers, parents and children screaming for their lives. look at that, climbing over railings, rushing, getting terribly hurt after a bomb exploded at the ariana grande concert in manchester last night. 22 people murdered including -- it says the suicide bomber but he's a homicide bomber. who cares if he killed himself. the homicide bomber, some of which are 8 years old and left 59 people injured, some critically. here's what we know so far, this is new news here. british authorities have id'd the suspected ice bomber as 22-year-old salman alabedy. here's what is new here. born in manchester to libyan parents. police have carried out two separate raids now and this morning arrested a 23-year-old in connection to the investigation. isis claimed responsibility for the attack. fox news' rick leventhal got to manchester. he's here for the latest. rick, set the scene for us, if you could. >> reporter: liz, just across the street from victoria station, one of two main rail hubs, about 210 miles north of london. it wouldn't be surprising to learn that the bomber may have taken a train right here to the station because right behind it, connected to this station is manchester arena, the largest indoor concert venue in the uk, and authorities say it was between the train station and the venue in a public area that this bomber detonated his improvised explosive device and timed it to maximize the carnage against the huge crowd of 21,000 people heading for the exits because the concert just ended. many were teens and preteens and young adults. the victims included 18-year-old georgina calendar who met ariana grande a couple of years ago and posted two pics on the instagram feed. and another 8-year-old saffie rose roussos, mother and sister were injured by shrapnel, among the dozens hurt and recovering in eight different area hospitals, as police asked for patients in releasing the names of the rest of the victims. >> much speculation in the media and social media as to the names of some of the victims. some of this is inevitability. i expect people to allow us to work with the coroner and the families and make sure they are properly supported. >> reporter: liz, a candlelight vigil wrapped up a short time ago, not far from here. thousands gathering in albert square to remember and pay respects to all of those who lost their lives and badly wounded in this vicious attack. liz: rick, the investigation, it started nearly immediately. what more can you tell us about that? >> sure. well, they did arrest a 23-year-old not far from here in south manchester, they believe may have been connected to the bomber. they're looking at both of the men, cell phone records, computer records any, other evidence at the scene which is processed behind us to see what else they can come up with. there's a couple of raids that went on today, warrants were served. one involved a controlled explosion, these may have been the residences of the two suspects where they are looking for, again, more clues, this will be a very aggressive investigation. liz: rick leventhal live from manchester. thank you very much. a furious president trump blasting the terrorists responsible for that manchester attack while visiting jerusalem earlier today, he called the actions of the terrorists responsible, calling them evil losers while trying to make inroads in a peace process involving israel and the palestinians. less than two hours ago, he arrived in rome for the third leg of the 10-day trip and blake burman is right there with him. blake? >> reporter: hi there, liz, what you saw from president trump over two days in israel was the president diving head first into the mideast peace process, yesterday in tel aviv and here in jerusalem, the president had several events th the israeli prime minister benjamin netanyahu, then this morning in jerusalem, the president got into the beast, the presidential limo made the 25 minute drive over to bethlehem where he met with mahmoud abbas, and after, that the president came back to jerusalem with benjamin netanyahu before departing. the president made it pretty clear he thinks that this is a unique moment in history, and that peace in this region, he believes, is attainable. >> the palestinians are ready to reach for peace. i know you've heard it before. i am telling you, that's what i do, they're ready to reach for peace. and my meeting with my very good friend, benjamin, i can tell you also that he is reaching for peace. he wants peace. >> reporter: liz, there was a very clear contrast between the last year or so of the obama administration and the first few months of the trump administration here on display. at least in the eyes of the prime minister netanyahu, and that related to the iran nuclear deal. just about at every single turn, president trump either slammed that deal or made this promise right here to the israeli people. watch. >> so we are telling you right now that iran will not have nuclear weapons. [applause] . >> reporter: liz, right now, president trump is in rome. this comes after a weekend in which he was in saudi arabia and two days in israel. now moves onto rome to meet th pope francis tomorrow. liz? liz: you know the comments about the iran nuclear deal are salve to the wound they have endured because iran wants to wipe them off the face of the earth. so i think those were very strong words. as you saw israelis on the ground, how were they perceiving it? >> reporter: well, you know, you could really see from benjamin netanyahu, liz, in a lot of the events. they were there together yesterday in a few spots. a couple events today as well. it was the one issue, iran, it was the one very issue which they think not only now do these two governments are on the same page, maybe they can turn the corner within other governments within this region to try to get peace in this region in some form or another, liz. liz: blake, thank you, we'll see out road. the president said he will be the one to pull off lasting peace process. former israeli ambassador to the united states, danny ayalon joins us in a fox business exclusive. coming up, whether any progress, a step forward was made in the president's meetings with israeli and palestinian leaders. we'll see ambassador ayalon in just a few moments. as presi ground in rome, his administration is hard at work in the u.s. on the 2018 budget proposal. budget office director mick mulvaney taking questions from the media during the briefing today and defending the deal and the details behind the new plan. the white house is seeking pretty big spending increases on one side in the proposal, including $200 billion for infrastructure investment, and nearly $30 billion for the veteran's choice program and another $20 billion for parental leave for work parents. just over 2 $1/2 billion in spending increases for border security and cuts, cuts in the budget, in the trajectory of the spending. $600 billion in medicaid and children's health insurance programs. more than $190 billion on the food stamp programs. more than 140 billion slashed for student loan program changes and $72 billion in cuts for disability programs. fox news' mike emanuel is in washington, d.c. they passed it out. we saw it on the printing presses. it's pretty strong. i don't know if you read it. how is what people have read going over in washington, d.c. >> reporter: democrats are throwing it in the recycling bin. some on capitol hill are quick to call any president's budget dead on arrival, noting congress has the power of the purse. president trump's first budget proposal for fiscal year 2018 is unveiled by budget director mick mulvaney. $4.1 trillion would and project coming into balance late in the next decade. critics say it includes rosy assumptionincluding 3% economic growth to get there, but house speaker paul ryan today called it a good starting point. >> at least we now have common objectives. roll the economy, balance the budget, we are now on the common ground and will have a great debate about the details how to achieve the goals. >> reporter: democrats were quick to rip the budget blueprint. they say it would hurt some of the people who voted for president trump. >> this morning, we received the administration's proposed budget for fiscal year 2018, and you can guess who takes the brunt of the cuts. not millionaires, not real estate moguls. children in poverty, the disabled. working families trying to get ahead. >> reporter: the budget plan does boost spending for the military as promised which republicans say was gutted during the obama years but the chairman of the senate armed services committee says it's not enough. >> as far as the buildup that the president promised during the campaign, no, my friends, no, it's not there, and we are facing challenges on a level we haven't seen since the cold war in this budget is totally inadequate. >> reporter: mitch mcconnell called it a recommendation, this is only the start of spending negotiations, liz? liz: like any negotiation, a starting point. mike emanuel. we know the democrats are kicking the budget down. what would they cut? we know we have to cut something, folks. the closing bell ringing in 45 minutes. the democrats have serious problems with it, but what could they work with? congressman joe crowley part of the democratic leadership in the house. he'll tell us what needs to be in and what needs to be out in order for the budget to move forward. 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how do you tackle a budget that came out two hours ago? >> it' important for your viewers and my constituents to understand, this is a work in progress. my office has gotten the budget, i perused it, staff continues to go through, it all the staffs are going through it to see what effect it has on individual constituencies and what it does for our country. i imagine, i suggest the viewers will give us a bit more than two hours to review it and see what's in it. liz: that's fair enough. what isn't fair is that chuck schumer is automatically really attacking it. not just saying there's a lot in here we hate, but there's tiny things in here that we like. i know democrats like infrastructure. there is a nod to infrastructure in this bill, in this budget plan. do the democrats want to start this off on no foot let alone the wrong foot as it pertains to any negotiation? >> i think the budget is a reflection of the values that you have for america. and quite frankly in terms of first blush of the budget, i think senator schumer is reacting to this shows a lack of vision, understanding what the impact will have on domestic spending. in this movement to increase the military spending by 10% consistently over the next ten years, that will be an additional half a trillion dollars that will go towards military spending, and an expense of things like medicaid, cuts the medicaid, chips, children's health insurance program. individuals who receive payments through social security disability. people mentioned meals on wheels, there are deeper cuts elsewhere. liz: well, this budget doesn't cut social security or medicare. >> no, medicaid and disabilities. liz: what would the democrats agree to cut? i know let's x out for the moment, defense, there's a lot of spending, though we heard john mccain say there wasn't enough spending on defense, so obviously, there are differences of opinions, but we know we are barreling towards a disastrous budget deficit to the point where this country could bend and then break. what would the democrats agree to cut? >> what's important to understand, liz, is that democrats will not support or do not support the building of a wall. we don't want to see that in this budget or in the president's budget or future budgets. we think it is a waste of taxpayer dollars, absolutely nothing to grow the economy of the united states. liz: well, okay, and i know that, and former treasury secretary larry summers has already come out and he's calling it a tooth fairy type of situation. column in the "washington post" says forecast will rise to 3% largely because of tax cuts and regulatory policies, sure they're ludicrous if you believe in tooth fairies and supply side economics. ask you what we have done under eight years under president obama has not gotten us to 3% growth. isn't it time to do something different? >> you have to do something about the previous administration before, we were bleeding 800,000 jobs a month at the end of the bush term. going back into history as to how we got where we are, we always have to do that. i don't think the answer is giving tax cuts to the wealthiest in this country, putting on the back of middle-class americans. i don't think that a budget that really plusses up defense at expense of everyday, average, hard working americans is answer to that. i think deficit is an issue that we need to address in a bipartisan way, not a partisan way. we are a very, very, very wealthy country. more wealth than the entire world put together, that's how wealthy we are. liz: the cbo is projecting that entitlements and interests on on the national debt will consume all tax revenue within the next ten years. you guys got to get together and do something. go get to reading more of it and let us know what you think. appreciate it. >> thanks for the time. liz: congressman joe crowley. we are fair and balanced on "countdown to the closing bell". tomorrow we have republican congressman jim renacey why he thinks the budget is good for the country? we'll find him, get to him and get you his opinion. the closing bell ringing in 36 minutes. home depot, the biggest dow 30 laggard, you don't want to be there if you're a ceo. bmo said amazon, walmart and jet.com part of walmart could move in on appliance business. the walmart is the laggard -- rather, home depot is the laggard. red dead gets a life line. take two shares, reversing course after the video game giants said it would delay its highly anticipated game red dead redemption 2. the delain t action adventure game untilhe spring of 2018. >> oh, ce on! >> we can't waitor that. won't likely impact potential sales. well, they will for the quarter it was supposed to come out. even though we see take two moving higher by 5.75%, it's coming out. you'll have to wait, austin. my adult floor director. and president trump saudi deals moving the markets yesterday. today, oil traders raising eyebrows about the president's budget proposal to tap and draw down america's, i guess you could call it rainy day oil fund. the strategic petroleum reserve, we're heading to the floor show next on "countdown" to find out more about that. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. anltry align probiotic.nade your digestive system?. for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. with this lel of intelligence... it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury... . . at your local mercedes-benz dealer. mercedes-benz. the best or nothing. ♪ liz: the s&p 500 hit as key level twice today, but can't hold it. nine minutes after noon, the s&p retook the milestone of 2400 briefly, than hit it again, i think around 2:30 p.m. eastern. and now it is bumping up against the resistance level. can't seem to hold it. either way the averages are on track for the fourth straight session on the upside. oil is extending a winning streak to five sessions with big news we'll whale do with excess oil we have here in this country. go to the new york stock exchange. ashley webster is there. to the nymex where oil trades with elliot warren. to you first, can't seem to hoed the 2400 level but we hit it twice. ashley: i know. what we call a classic example of a resistance level. there is no reason to go through the next leg, up to 2460, and then beyond but it is very -- we bounced off twice as you said. we're stuck at 2398. as regards what the traders are saying down here, a lot of interesting comments. no resistance. quiet, nothing moving, light volume. these are comments. someone said if you can find an intelligent answer for why the market is doing what it is doing you have struck gold. that basically says it all. waiting for good or bad economic news. you know what, the corporate earnings situation i think is solid right now. the economy is showing signs heading in the right direction. maybe not at pace we would like it. overall the market is waiting to see what happens next. the financials, liz, are leading the s&p, because the chances of a fed rate hike next month stands around83%. liz: they have jumped. ashley: higher interest rates, better profits for the banks. liz: fed funds futures all over the place past week 1/2. ashley: right. liz: need to ask you, el, there is this word, the trump admistration, by the way the obama administration did it at the behest of congress, wants to tap the "spro," the strategic petroleum reserve. they want to sell it for profit. what do you think about that? >> there is a lot to talk about when you start looking at that. liz: you know, how did i know something like that would happen with elliot? hold on a second. do we have him? liz: we can hear you, you go. you froze in time, elliot. >> can't have that. if you go back to the '70s, right, obviously, we, historically have been a huge importer of oil, really no longer the case. if we're importing oil from the middle east, and countries unstable we can not rely upon, it makes perfect sense to actually hold a massive amount of oil in reserve, right? but at this time we don't really need it. now that is a far cry from dumping 300,000 barrels on the market. they're talking about spreading it out over 10 years. if you do all one year, say you could wipe out the russian economy pretty quickly. you could do a lot of damage to the world market, right? over time, we don't really need to hold on to that much oil. i can see why they think that. i mean i don't know that the amount of money they could raise from that is sort of significant tohe american coffers or whatever but. liz: 1 16.6 billion by 2021. i'm glad we got you unfrozen, elliot. 27 minutes before the closing bell ring. the dow is up. we can't send our kids to pop music concerts? after this horrible attack the bombing at the ariana grande concert, what must change? should we start moving security lines miles away? president trump meeting with palestinian authority president mahmoud abbas today in bethlehem, working to accomplish something quite frankly all other presidential administrations have failed at. former israeli ambassador to the u.s., danny ayalon whether president trump is the man who can seal all the deals in the middle east. that is next on "countdown." liberty mutual stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. ♪ liz: president trump met with palestinian president mahmoud abbas just a couple of hours ago in bethlehem today to give equal time to the palestinians. president trump desperately wants a peace deal in the region between israel and the palestinians. while the meeting seems hopeful, no details of what might come incomes were discussed. nearly every president from president carter, hosting egyptian president anwar sadat in camp david and signing of egypt-israel peace treaty to president bush meeting with israeli prime minister rabin and talking with palestinian leader yasser arafat. they all tried and failed to bring about lasting peace in the region. can president trump be the one to break the trend and succeed arranging peace in the middle east? we bring in former israeli deputy minister of foreign affairs, and former israeli ambassador to the u.n., danny ayalon in a fox business exclusive. can he be the one. >> he has better chance than all of is had pretty service. liz: why? >> first of all the regional arrangement for today, it was real coup for the united states to trump to rally, marshall 55 muslim country leaders behind him against iran, against isis, it's a great signal to russia. it the u.s. is back in the region in very strong leadership position. i think this, because of the intertwined interests of israel and sunni count -- countries against iran could be a great backdrop of support where they could push the palestinians easier into the negotiating table. this is the first thing. secondly, i think he also is probably the most realistic of presidents establishing these negotiations, if they take pce on very realistic grounds. that is the palestinians will have to recognize the major jewish blocks in the west bank. liz: this is very encouraging to hear you say this but we've heard it before. >> yes. liz: i used to count how many times the nightly news, this was in the '80s and '90s, another stumbling block on the road to peace in the middle east. however, i'm hearing from you there is an opportunity here. in february, when the president i believe met with president netanyahu of israel i recall president trump saying one state, two states, i'm okay with either one. it has to be one or the other, right? >> liz, i was thinking about it, whether by design or by default this is the great leverage the president puts on all sides. that is, i'm not going to -- liz: you think that was, that was really calculated versus just looking like he is discombobulated? you think he is "the art of the deal" in living color? >> i believe so. i think holed a lot of sleeves, a lot of cards up his sleeves and i think he is going to wait for the right time. the fact he was successful, had successful meetings with both netanyahu in jerusalem and abbas in bethlehem, no leaks, no any -- liz: but is iran in the end the key? >> also, yes. liz: how so? >> iran is the one in a singular way can scuttle any peace process in the middle east, not just between israel and the palestinians but also in the yemen of the also in libya. rtainlin syria. and much beyond. if iran is not curbed, and i think there may be very major sanctions to be put on it, if they do not stop the terror. liz: has the president put the right people in charge? his son-in-law at the moment, jared kushner, is the point person so to speak along with a few others, for middle east peace. he is a real estate guy. i'm not counting him out. i'm just wondering what israelis think his chances really are? >> first of all they look at him as a very intelligent guy. we need to have somebody with common sense, with a real depth of knowledge about the history, about what can be done, what can not be done. also what is very important, liz, he has the ear of the president. and that is also something which is very, very important. this is what makes him i think a very, very credible negotiator. liz: i'm so happy you're here. this is a great, great message i think. and i'm sure you're reflecting what not all but many israelis feel. >> thank you. liz: ambassador, danny ayalon, former ambassador to the u.s. thanks. another terror attack aimed at innocent civilians, for that matter, children. it is gripping the globe. major cities on high alert. calls for stronger and new security here at home and abroad. how far do we now have to go as terrorist strategies and targets evolve? former deputy national security advisor john hannah is about to tell us. you've got to hear this. that's next. ♪ ♪ there's nothing more important than your health. so if you're on medicare or will be soon, you may want more than parts a and b here's why. medicare only covers about 80% of your part b medical expenses. the rest is up to you. you might want to consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any medicare supplement insurance plan, these help pick up some of what medicare doesn't pay. and, these plans let you choose any doctor or hospital that accepts medicare patients. you could stay with the doctor or specialist you trust... or go with someone new. you're not stuck in a network... because there aren't any. so don't wait. call now to request your free decision guide and find the aarp medicare supplement plan that works for you. there's a range to choose from, depending on your needs and your budget. rates are competitive. and they're the only plans of their kind endorsed by aarp. like any of these types of plans, they let you apply whenever you want. there's no enrollment window... no waiting to apply. so call now. remember, medicare supplement plans help cover some of what medicare doesn't pay. you'll be able to choose any doctor or hospital that accepts medicare patients. whether you're on medicare now or turning 65 soon, it's a good time to get your ducks in a row. duck: quack! call to request your free decision guide now. because the time to think about tomorrow is today. liz: we have some breaking news. this is a flash coming over from the associated press. survivors of the suicide bombing that killed those 22 children and people at the manchester,ing land, concert hall, say security screening ahead of the ariana grande show was quote, haphazard. haphazard. there is a witness who was leaving the venue when she heard the explosion. she told czech radio, there was almost no security screening ahead of the concert. now, let's just be clear about something here. the bomber was not able to get inside. he detonated the bomb outside but very close and near one of the stands where they were selling merchandise. but what does this mean now? as western and european countries are stepping up security? is it now time, whether it's a hockey game or a concert or a soccer game or aootball game, to move security per rim it -- perimeters way farther from the venue? here so discuss it john hannah, security advisor in the middle east wasn't matley involved in global policy on the war on terrorism. john, thanks for joining us. you're hearing it now as we're hearing it, ap reporting that the security was haphazard. is this all going to change now? >> one can only hope, liz. if in fact the security procedures fell down and warrant inadequate, that is a tragedy, but i think the thing we have to remind ourselves even if we're doing everything we can, we can not have 100% security. if they're not hitting concert sites they are going to be hitting malls and starbucks and arrivals lounge in airports. we have to do everything we possibly can consistent with our basic freedoms but the one thing we can't do is lock ourselves up at home and let the terrorists win. liz: agreed but must we now expand the radius? because i know in israel where i just was in december, you can't get near ben-gurion airport like you can at jfk, where you can pull up, drop your passengers off? your car is stopped more than a mile away. they check you before you even get close to the airport. must we start doing that? >> we certainly got to start doing something like that. listen the best practices in the world are clearly in israel. the no even israel can stop everything. they are one of the safest societies in the world look at number of incidents and number of threats they face. so i think everyone would do well to abide by the kinds of rules that israel follows. the problem is particularly in europe is that all the lights are flashing red. theicurity services are completely overwhelmed. they have got thousands of jihadist gone to syria and iraq, now returning, and they were inundated in 2016, and by uncontrolled wave of refugees. almost a million people they have no clue who most of them are. liz: before we go, i need to ask you about what was going on when today, as it pertained to former cia chief john brennan. it is unrelated to this attack but your opinion does matter. the reaction to what he said, let's first listen to it as he testified on capitol hill about russia meddling in our elections. >> left office on january 20th, i had unresolved questions in my mind whether or not the russians had been successful getting u.s. persons involved in the campaign or not, to work on their behalf again, either in a witting or unwitting fashion. and so, therefore i felt as though the fbi investigation was certainly well-founded and needed to look into those issues. liz: john, does any of that surprise you? >> no, it doesn't surprise me at all. the only thing i would say this is a man who had the entire intelligence apthe ratos of the united states at his fingertips. he was deeply concerned about russian meddling in our elections. and was no friend to the trump campaign. at the end of the day on january 20th, 2017, he had zero evidence of collusion between the trump campaign and the russians. full stop. liz: john hannah, glad we brought it up to get your opinion, thank you very much. >> thank you, liz. liz: john hannah is of course the former deputy national security advisor for the middle east. closing bell, eight minutes away. if you've been invested for the past year-and-a-half in stocks, you're definitely afloat. but with waters still running choppy here in the u.s., where are the safer ports now for your money? mark madsen up next to tell you. he has a billion dollars of his clients money working well. liz: if we're right near, languishing near the record highs, it has been a walk in the park with a few stumbles for you, the investor as u.s. markets hitting new highs. with the summer coming upon us is there danger of getting stock burn? that is the money version, mark, of sunburn, right? mark madsen with us. listen, you have 7.6 billion under management. you don't want to lose it, you want to grow it. what are you doing with your clients money right now? >> i always tell investors diversification is your buddy. what investors do, the high, that would be the u.s. market. u.s. markets have been overperforming international markets for several years now. i want to invite investors to consider up to 45% of our portfolios are international. and focused on emerging markets. countries like singapore, malaysia, mexico, china and russia. if you add them to your portfolio you could increase returns, reduce risk. liz: we've seen a decent run-up in the first six months. we have it on our screen, emerging markets up 16%, europe up 14% compared to the s&p up 7%. >> isn't it interesting, the narrative was emerging markets and international stocks would be killed. it has been the opposite. this year-to-date, emerging markets are up 16%. who would predict that? absolutely nobody. don't try to prei can did the future. we're selling off u.s. portions and buying international over last several years. they switch. you want a little bit of both because when you switch you want to be able to buy them when they're cheap. liz: do the homework for us. give me three names. at this point people are wondering where should i put it versus an etf? do you like individual names? >> i gave you some stocks. i gave you hyundai and samsung, alibaba. i don't want investors to get myopically focused on several stocks. we're in 45 different countries and over 16,000 individual holdings. i think it is a big danger to get too focused on one. you want to make sure you're not gambling on individual sectors or individual stocks. hard to stay globally diversified. people see things hot. they want to jump on it, get rich quick. that is dangerous for investors. liz: what are you telling investors to stay away from, avoid at all costs at the moment? >> the biggest thing i see investors doing right now, they're getting greedy on interest rates. interest rates are all-time low. they try to cheat out on yield curve with long-term bonds and cheat up with junk. when interest rates go up and if we have economic downturn, those things get crushed and plummet to the bottom same time stocks doing it. stay away from junk bonds and long bonds. to the extent fixed income, high short quality short-term investments in securities to offset the risk of equities. liz: we have 30 seconds here. do you get a sense we will have tax reform this year, and if we don't does that mean the markets are going to plummet or have >> boy, at is above payady? grade but one thini know about markets is this. they always forecast the future and that is always priced in today. only random, unpredictable events will change things going forward. how many times you had a show, this wasn't expected to happen, look what happened to the markets. [closing bell rings] liz: good to see you, mark. mark madsen. markets make it four winners in a row at the closing bell. that is four-days straight upside move. david, melissa have it there. melissa: sneeze to start it out. sorry, i don't think i have ever done that before. david: stocks pushing higher. the dow closing up 40 points. 50 points before we saw last week's big selloff. s&p and nasdaq climbing as well. both positive for the months. i'm melissa francis. no, i'm david asman. we're together again! melissa: this is "after the bell," more on what is driving markets. here is what we are covering for you during this very busy hour. taxpayers first. white house unveiling the president's controversial plan for the budget. director mick mulvaney says they're looking at it through

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