Leader Mitch Mcconnell vowed to a complete vote on obamacare but admitting republicans by themselves are clearly not prepared to do a replacement. Came to a head after a third republican senator Lisa Murkowski bailed to take a vote on straightup repeal of president obamas Affordable Care act. Preaches to the choir instead of focusing on converting note vote . Senator roger wicker supported the plan to repeal and replace. No matter whos at fault, well ask is it time to offer an olive branch to get it done . As the Trump Administration rolls out plan to renegotiate nafta, and also the punish iran with new sanctions. Former trade representative ron kirk and president of the council on Foreign RelationsRichard Hawes here to put the Major Economic and National Security issues into perspective. On wall street, the nasdaq looking for first record close since june 8th. Looks like it might make it up. 22 points, the dow off lows, s p straddling the flat line, slightly lower. How are stocks doing ahead of possible changes . Were less than an hour to the closing bell. Lets start the countdown. Just a few days after Jpmorgan Ceo Jamie Dimon blew up that washingtons dysfunction, were seeing it all play out today. Stocks mixed but mostly under pressure as nervous investors digest the collapse of the Health Care Bill and wonder what it all means for President Trumps growth agenda read tax reform or tax relief. The dow industrials were down 158 points at the lows when mike pence, the Vice President , tried to get a crowd excited about allout repeal . He only got as Stuart Varney put it, a polite golf clap. News sending the currency to a tenmonth low. 1. 15, calling it a dollar 16, thats the strongest level in more than a year, through the clouds of political uncertainty, one index shining brightly. The nasdaq pop be higher otrack for first record finish in nearly six weeks. Whats getting it there . The techheavy index has one stock to really thank for break through performance, it is netflix, soaring earlier, more than 13 , now up 14 in the final hour of trade, after the streaming services giant said it added 5. 2 million customers last quarter. International business as we told you here, was gangbusters, unbelievable. And chipotle cant catch a break, shares of the burrito chain falling to lowest level since november after several customers reported severe illness after eating at a chipotle location in sterling, virginia. The stock is down 6 as ghosts of past situations at chipotle are coming alive again. To capitol hill, where bipartisanship may be the order of the hour, not even just the day. The Senate Majority leader Mitch Mcconnell speaking just about 28 minutes ago on the future of Health Care Plans said this. Listen. What we do have is a vote that many of us made two years ago at a time when the president of the United States would not sign the legislation would repeal obamacare and two year delay, give us an opportunity to build Something Better on a bipartisan basis. Liz the bword, did you hear it, blake . You are hearing it all over the place because Sarah Huckabee sanders also opened that door. I hate that analogy, ive used it 12 times, opened the door just a slight bit. Reporter and the press briefing here, liz, at the white house with Sarah Huckabee sanders is currently ongoing, topic a, topic b, topic c, health care, health care, health care, and Sarah Huckabee sanders had to defend this comment trump made at the white house in regards to health care earlier today. Were probably in the position where we let obamacare fail. Were not going to own it, im not going to own it, i can tell you the republicans are not going to own it. Well let obamacare fail and the democrats are going to say how do we fix it . How do we fix it . Or how do we come up with a new plan. Reporter at the briefing still ongoing, i asked Sarah Huckabee sanders why is it good policy to let obamacare fail . She responded saying it is the democrats to blame because they have not been involved in the process. They were the ones to put the Health Care System intact in the first place and she said, hopefully, maybe, theyll now come to the table. She also, when i asked her about the time line of everything in all of this, kind of kept that up in the air where things go from here . Earlier at the white house, in the comments that President Trump made, he also said the following, liz, quoting from the president. He said something will happen and it will be good, may not be as quick as we hoped but it is going to happen, so i asked sanders, well, what does that mean . Is health care realistic before the august recess . The president talked about the need to reelect more republicans in 2018, the president talking about Health Care Reform being a 2018 event and here was her response liz, that is very much true, they have never really put a specific date as to say this is when we Want Health Care done, however, in the weeks leading up to this. The white house very clearly was saying as were republicans in washington that this was something that they wanted to get done and needed to get done before the august recess. What you have now with all of this up in the air is the white house saying, well, were not talking about a date, were not talking about a timeline. Lets just see the way forward, and youve got the president talking about the need to reelect republicans in 2018. Liz . Liz should have never put a date on it. Im with President Trump on that. You never know how these things play out. Now we do, blake, thank you very much. Health care stuck in the mud, so we move to the budget, how about tax reform . Infrastructure . Adam shapiro, do you put a bet on which one of these gets done . Tax reform as a complete package is going to be something with taxes before the end of the year, i would put my money on tax reform, tax cuts or tax changes before i put my money on Health Care Reform or changes. Talk about what needs to get in place for tax reform. Theyre two separate tracks. Health care on individual track that has nothing to do with the tax reform track. But before we can get tax reform, the house, which is now considering or beginning discussion about a 2018 budget resolution, the senate also has to do that and they both must adopt a 2018 budget resolution which spells out the reconciliation process for tax reform. The minute the 2018 budget resolution is adopted, the 2017 resolution is dead. The chance to do Health Reform through reconciliation is also dead. So thats what were waiting upon here and thats going to be the next steps in all of this, liz. Well get the budget resolutions and in september, Early September well get the tax reform proposal as they intend it to be. There is a question as to whether the failure to repeal the obamacare taxes and the Affordable Care act would jeopardize tax reform going future. I asked kevin brady, the chairman of the house ways and means if the failure would impact future tax reform. Heres what he told me. Weve long said that those obamacare taxes were damaging to the economy. They need to get out of this economy. Thats why theyre in the Health Care Bill, and im hopeful, at the end of the day, senate repeals them. Whether they do or dont doesnt jeopardize the tax reform. It doesnt . Reporter you heard the chairman say it doesnt jeopardize tax reform if the obamacare taxes are not repealed. So the train for tax reform will leave the station, but it cant start chugging along until both houses adopt the 2018 budget resolution, liz . I think i can, i think i can, i think reporter they will. Theyll do something. Liz adam, thank you very much. Well, yeah, youve got mnuchin working on it, gary cohn, smart people who understand Business Finance and taxes, we can only hope certainly. I want to bring in lori rothman into the conversation, the story at the new york stock exchange, the turmoil is shadowing decent earnings stories. Reporter absolutely, the dow is coming in a little bit. Off 61 point. We had seen it down 90 or worse throughout the trading session. But look at s p sectors that are lagging at this moment. The worst performing sector, financials, materials, industrials, all down today. Well, these are sectors that are especially sensitive to infrastructure spending. Tax reform, right . The president s agenda thats supposed to be coming after health care, so with the latest snafu with Health Care Reform, what happens . How much further . I hate to use the phrase, you have to kick the can down the road before we get to the key agenda points that got President Trump elected in the first place . Wall street is a little concerned but the tale of two cities, the earnings season off the top, tremendous earnings, netflix poised to close at new record today. The names of other sectors, Johnson Johnson up here by almost 2 , raising sales and profit outlook for the entire year and i have to mention united healthcare, this ties into the political climate. Shares down earlier despite beating the street. The company says look, the cost of selling obamacare plans was putting us in the hole. Unh decided not to sell the obamacare plans anymore and helped them financially. Shares are up. 4 . After the bell is going to jump all over ibm and United Continental numbers. Csx is coming out after the bell so stay tuned for that. Dow jones industrial average down 61 points, the nasdaq on track for a brandnew record. Watching that closely. The s p slightly positive right now. With the closing bell ringing 48 minutes away, has it come down to that man at the center of the screen saying okay, im going to cut off an olive branch at the end of the street and hand it to the democrats. We will ask that question of senator roger wicker and will roger wicker accept that . Thats next ondown. On countdown. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. So new touch screens. And biometrics. In 574 branches. All done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Liz remember this . This was the scene at the white house rose garden back on may 4th following the house passing its version of the American Health care act. I believe they did pass out bottles of beer at that point. At least they werent toasting with champagne. We are a long way from a senate beer party. Where did it all go wrong . Did no one understand or take on the work that would be required to convince every Senate Republican to vote yes. To discuss the Senate Health care draft . All but one of the invites, senator steve danes of montana were already on board, so why didnt anybody at the white house say guys, we cant preach to the converted, got to try to get the nos and maybes like mike levy of utah or guys who werent on the watch list of defectors but quietly moving to no like jerry moran of kansas. To republican senator roger wicker of mississippi. Thank you for getting in front ever the cameras. Appreciate it. Thank you, glad to be on. Liz last week you praised the revised draft. Let me give you a hypothetical. If Reince Priebus or Mitch Mcconnell calls you into their offices in the 11th hour to convince you, wouldnt you have said, guys im on board, go talk to heller, lee, moran or who else was straddling the fence . I wasnt on the invitation list, i dont know what the meeting was about. Might have been about general topics. Liz no, in part it was about health care. Lets move the clock before the dinner. Had they come to and you said, okay, so senator wicker, heres why this is a good plan. You would im pretty sure say, guys im fine with this, spend your time on somebody who isnt quite there yet. Oh, goodness, dont make me argue strategy. I could tell you about the bill, and im still hopeful. Yes, i didnt need to be invited to the white house and others probably did. Where we are and i think theres a chance we can get this done. Liz which part of it done . Because right now, there are not enough gop senators to vote for a straightup, outright repeal of obamacare right now. How would you get it done . Okay. I really think we need to put that to the test. There are 51 of us that voted for a specific plan in 2015. Sent it to president obama and he vetoed it as we expected. I do think we ought to be at least willing to vote to proceed to that bill. You cant guarantee an outcome. Liz true. But can vote in principle to get on a bill that a majority of the senate has already voted for, and at least owe that to the American People. I have voted consistently to repeal obamacare. I want another chance to do it, and hoping for a chance in a kay or two to do that again. Id like to vote for a motion that gets us to an open process, as the reconciliation voteramma is, it would put a lot of us on record and people at home that put us in office would show where we stand. Liz we showed three senators who could guarantee an outcome, that would be a no, show it wouldnt pass because these three are very much out there saying they wont do it. I know you said you dont want to talk strategy, this is what do you all the time as senators, right . For example, President Trump had it right by inviting rand paul, early and outright no, he invited him to golf at maralago to discuss the reasons behind the kentucky senators oppositionment so i just wonder where was everybody else . Whether its the White House Team or mcconnells people, where was the war room, the likes of lincoln or lbj or Ronald Reagan had when they wanted something passed . We didnt see horse trading or discussion here . First of all, let me concede that the invitation list last night might have been considered differently. But also with regard to rand paul, i can tell you he stood up today, the republican meeting, and still wants to get to yes. As a matter of fact, he would be a yes on the motion to proceed. Liz correct. If we have the vote tomorrow. Frankly, there are a lot of holdouts who think were moving in the right direction. They think we made some progress over the weekend, people have been working with governors who have expressed reservations and basically, we think theyre moving toward support which would bring other people to a yes, so i havent given up, and i think theres a solution out there that can get 51 votes. Liz because of the business network, we look at these things. The market hit session lows when Vice President pence was bringing up the idea of a straightup vote for total repeal. This morning he was before a crowd and really didnt get a lot of attention or focus when it came to the big money comments like were going to throw this thing away, start all over again, and there was polite clapping, certainly, you know what happened . Stocks plummeted when he made the comments talking about retail and jobs. Before that crowd. And then the u. S. Dollar, senator, hit a oneyear low against the euro, against the swiss frank, those are traditional flight to quality moves. Certainly the euro didnt used to be. This dark cloud. Does it cast a shadow on the other policies like tax relief . And can you get it done with democrats in some way, shape, or form so we can get to the other issues . All the more reason to get on the bill, have senators on the record, have a free amendment process which reconciliation absolutely requires and let the people back home start see wearing we stand on the various proposals . Now can we get tax reform done . Yes. As a matter of fact, you could argue this if we have to hit the pause button on repealing and replacing obamacare, it would make us determined to get some sort of result. Im trying to look at Glass Half Full and i can report to you that there are enough members of the United States senate who sincerely wish to get to a yes vote, that its worth keeping on with the negotiation process. Liz before we go, senator, with the Glass Half Full and appreciate your optimism, would you let a democrat or two drink from it . Would you bring them in . Yes . No . If we repeal obamacare as we did in 2015, and leave a twoyear period, absolutely. It would be regular order in the help committee chaired by senator alexander with senator patty murray of washington as the ranking democrat, and yes, it will be regular order and a lot of participation. Thats something that our friends across the aisle need to think about. It would give us a twoyear period for them to bring the American People in and have their input. Liz okay, good to see you, senator, thank you very much. Thank you. Liz senator wicker of mississippi, appreciate it. Closing bell, 36 minutes away. Johnson johnson, Procter Gamble and visa, pretty much are holding the reins for the dow 30. Visa after it extended partnership with paypal in europe, so it is moving up 77 cents. J j better. Hog saying it will make and ship fewer motorcycles because retail sales are dropping. Global sales falling 7 last quarter and the 48. 95 per share is a new 52week low. The Trump White House rolling out priorities for nafta 2. 0. Whats good and whats bad in the brand new report . Will the president really get mexico to pay for a big, quote, beautiful wall . We ask former obama trade representative ambassador ron kirk next on countdown and show you naftas stock. When that pain makes simple errands simply unbearable. I hear you. I hear you because my dad struggled with this pain. Make sure your doctor hears you too. So folks, dont wait. Step on up. And talk to your doctor. Because you have places to go. And people who cant wait for you to get there. If you have diabetes and burning, shooting pain in your feet or hands. Step on up and talk to your doctor today. Nah. Not gonna happen. Thats it. Im calling kohler about their walkin bath. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] mmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lower than some leading competitors. 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Because we now have the outline right here in my hand how the administration plans to renegotiate the trading deal with mexico and canada known as nafta, the north american freetrade agreement. This is one of the first lines the u. S. Trade rep in this adopt released last night says, quote, the america that exists when nafta was signed is not the america that we see today. Modernization, is it time for that . Everybody agrees a makeover is in order, including the man who was the trade representative under president obama, ambassador ron kirk. All right, ambassador, as we go through, i looked at first couple pages. It starts off very magnanimously. It even says maintain reciprocal free Market Access to act cultural goods, industrial goods. You get into the aspects president you palm really wanted to change. Isnt it time to modernize or tweak the nafta bill . Absolutely. The liz, the good thing, nafta was state of the art when it was put into place 23 years ago. It didnt have environmental chapter or labor chapter. We didnt have the independent looks wall property we have to the degree we have now intellectual. That they greased the path for canada and mexico to be included in the partnership. I read the at administration objectives, i was pleased to see what i talked about before, they largely incorporated what we already agreed to through the transpacific partnership. In fairness it is very much in time to update this agreement i believe served all three of the countries well over the last 23 years. Liz you look at the deficit numbers. The deficit with canada, a couple of billion. I say a couple, because 11 billion is not that much but take a look at the trade deficit with mexico. It is 60 plus billion dollars. That is what the president is talking about right now. It is very unbalanced. Shouldnt it become a bit fairer . It can be, liz. You know the difficulty of so much of that deficit what we define as where a good is manufactured. You take automobiles for example. You mentioned in your tease what happened to big automaker stocks. A car that might out being assembled at General Motors plant in arlington, texas, may bo to mexico city for final finishing, that will count as import to the United States from mexico whether 35 of the content of work or 75 of the content of work has been done in the United States. Just focusing on deficits can be a bit misleading. Of those objectives that the administration outlined, many of them really wont impact that deficit, and so i think there is a danger just saying there is surplus or negative, to make most technological goods we make in this country now. We have to import the Raw Materials for example to, make that happen. That will give us a deficit with those countries. But well then turn around and make products that we ship all around the world. To look at this whether we have a deficit or not. Liz youre down there in texas, dallas, not too far from the border. Do you you anticipate President Trump through his trade representative and through the changes in nafta might be able to have some type of negotiation with mexico, all right, well ease up on these proposed tariffs if you chip in for the wall . That is some of the chatter going on. Let me tell you. I dont believe that will happen. I dont believe that should happen. That is absolute lunacy. Texas is one of the states, you see people as diverse, ron kirk, our governor, we benefit from nafta. Texas is one of the leading export states. We have almost half a million jobs tied to trade because we are a state that benefits from it. And we are a state that has very unique history in relationship with mexico. I think surest way to sink this effort would be try to link payment of the wall for it. But, liz, i also have to note the danger for the u. S. , that the Trump Administration is put us in, i mentioned the fact that we had effectively renegotiated nafta through the tpp. The 11 other countries are intent moving ahead he from us. What would be an absolute disaster for the United States to allow the tpp to go in effect and not have a successful renegotiation of nafta. Liz other people view it as disaster if you let it go forward and suddenly we have fewer jobs. That is another conversation. Ambassador, thank thank you for joining us. Thank you for having me. Liz stay cool in the 99degree hit, oh, my gosh. Ron kirk, former u. S. Trade representative. We look at markets. S p climbing ever so slightly but it is still green. Nasdaq is up by 26. Well be right back. Listen up, Heart Disease. you too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. 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Gov liz a threat from iran may be one step closer to reality at this hour after the Trump Administration in essence plugged its nose last night and certified irans compliance with the u. N. Nuclear deal, but in the same breath it will slap new sanctions on iran for its support of terrorism and Ballistic Missile development. Tehran times reporting that irans foreign minister said ahead of the certification that his country can withdraw from the requirements of the nuclear deal if the Trump Administration violates its obligations by say, handing down new sanctions. Richard haass, the president of the council on Foreign Relations president. He is author of, a world in disarray, American Foreign policy and crisis of the old order. Set to release a documentary tied to thatbook, correct . Correct. Liz hbo on friday. Iranians threatening with could jump out of the deal and start developing Nuclear Weapons because you are sanctioning us. Is that bark, not a lot of bite from the iranians . I think both sides are essentially barking, liz. I dont think the United States would unilaterally pull out of the deal t would isolate us, not iran. Iran will not unilaterally pull out of the deal. It would impose sanctions. The what these sanctions do react among other things iranian support for terrorism and Ballistic Missile development. The deal never precluded possibility we would do just this. Liz the u. S. Tried to get more things up front, but didnt try hard enough. Look at the missile testing that they have done. Whether, or not nuclear but still ballistic. You know he, transcontinental, who knows what else. Writing on missiles well pull israel out of the history books. It is ridiculous but i think the president was very much caught between a rock and a hard place. As you say the deal was there, and ballistics werent included in it. Just on friday, Lieutenant Colonel ralph peters told us why were stuck with the agreement. Then i will have you react. We cant just tear it up. And i think trumps hands are tied. Mattis doesnt like this but he recommends Going Forward and certifying it. Because were we to unilaterally withdraw the deal, we could be the would be the bad guys. Liz what do we do about this, richard . Theyre funding militants, funding hamas and threat israel. What do we do about that . We sit there and recertify . We recertify because the deal is narrow nuclear deal but we have the rest of the foreign National Security tool kit. There is nothing in the deal precludes helping our friends and putting pressure on what iran is doing in syria, lebanon, anywhere else, adding sanctions we just did. The deal is not symbolic of a good relations with iran. It carves out this one area, that that is all. Liz south korea is getting antsy and concerned because tension ramped up past couple weeks now that south korea is interested in having talks with north korea. Also china and north korea want the u. S. To remove its thaad Missile System that it parked there, antimissilism system in south korea. Should it do that or does it show the u. S. Under pressure will roll over. I dont think President Trump will be interested. He shouldnt remove it. This Defense System is in direct response to north Korean Missile threat. We should keep it there. We still have 28,500 american troops right up against the 3th parallel. It is chinas doing. If china used more influence against north korea we wouldnt have need for Missile System. We should keep it. One of the issues with the new president of south korea he put advancing the defensive system, the thaad system on hold. I think we should go ahead with it. Liz it sounds like nice insurance policy in the form of military weaponry. Again, soul, korea, is 30 miles away from the 38th parallel, dmz, Demilitarized Zone. I find it ironic that it is called the Demilitarized Zone because it is most heavily fortified on planet earth or close to it. What next with kim jongun . The question for the Administration Whether it is prepared under any Second Quarter to have negotiation with him. What ainge sanctions on chinese. This is important story, liz. New government of the south korea and new u. S. Government are not on the same page. To simply have normalization talks with the north, not linked to the missile and Nuclear Threat i think is a questionable idea. Liz good to see you. Thank you so much, richard. Thank you. Liz good luck with the hbo special, Richard Haass council on Foreign Relations president. Dow jones had been down more than 150 points. Now down 58. S p clinging to the green by one point. Nasdaq on track for a new closing record. Meta appetite control. Its your glass of willpower that helps keep cravings. Far, far away. Feel less hungry with the natural fiber in clinically. Proven meta appetite control. From metamucil. I enjoy the fresher things in life. Fresh towels. Fresh soaps. 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As the senate plan to repeal and replace obamacare collapsed, the white house said okay, lets forge ahead with Something Else that would be tax reform. What could the Trump Administration in store for companies waiting for a big Corporate Tax cut and what does that mean for your money . Charlie gasparino, i want to hear this. Some of this is inside are baseball but it means a lot for the average investor, if it does happen, we get Corporate Tax reform, what the gop senate is doing, markets rally on that, there is no doubt. Institutional investors tax cuts are not fully priced into this market. You get decent Corporate Tax cuts, markets shoot up. Liz it will be a welcome surprise. David we understand the gop leadership led by mcconnell in the senate, taking cues from the white house, particularly the Treasury Department and National Economic council run by gary cohn, treasury run by steve mnuchin, they are now looking to pivot to tax cuts. Here is where it gets interesting from a procedural way. The move could start tomorrow with mcconnell pushing first of beginnings of repeal of obamacare without a replacement. How does that go . Mcconnell tomorrow, he mentioned this at luncheon meeting with senator, that he would pitch, basically i like to do a motion to proceed tomorrow which means you get on the docket, repeal of obamacare without the replacement. And then, you move to the next big legislative item where they do have more unanimity than in obamacare repeal, replacing it. That is tax cuts. Three senators are already saying no, not to move to a motion, but once it did, go to a vote, they would say no. Okay, great. He will put the pedal to the metal. Expose people not team players. That is behind the scenes thing. Pivot to tax cuts. There is some method to his madness. This guy knows how to do this procedural stuff better than anybody. He is brilliant parliamentarian inside of the senate. He thinks that is the best way to expose people voting against, that are not team players. Number two, get this out of the way to move to tax cuts. I will say this, there will be a push, i know people have been in meetings in the white house, a big push for a Corporate Tax cut stair starting gambit is 15 down from 35 . Doesnt mean they dont negotiate higher. You will get lower individual rates. That is where theyre going. That is worked on between the white house and senate. I make one point for you the average investor, it is all insider baseball unless we reduce it to this. When i talk to individual investors say a big Corporate Tax cut, whether 15 or 20 particularly, even more so than the individual cuts is not, is not fully priced into the market. Meaning you will get a rip higher likely if it does happen. Then you got to decide keep it or sell it. I would say at that point a lot of Institutional Investors will selling it, they will say see what happens with tax cuts. That is how people trade. Up to you. Not saying being a daytrader, my sophisticated sources say markets have not priested in a december tax cut. If you get one, up side here is liz boom. My friend rich salgado, with his wife. They are on latino magazine, i told rich who is latino i would speak a little spanish. [speaking spanish] liz stop. [speaking spanish] liz marco, get him to stop. His lovely wife fay is here too. Theyre long island socialites. This is a great magazine. Rich is on our air all the time by the way. Did i sound good . Liz you sounded. Marco . Muy . Grace gracias. Liz we have got video we havent shown people, bottom of our hearts, Team Participation for fox business in new york citys triathlon. Finish line stuff. When i got there i got big hugs from captain james biler, the marine we built a home for. He lost both his legs. That is hugo gonzalez. It was a great moment at finish line there. I was so happy. You did a great job. Liz captain biler big muscles he squeezed air out of me. You only weigh 20 pounds. Liz he is being nice. 25. Liz here is the problem. We crushed our original 50,000dollar goal. Were over 84,000. I promise last time we bother you for next 51 weeks, if you want to donate, go to buildinghomesforheroes. Org. The problem we have to beat the number for next year, gang. We invite everybody else to join in. The dow is down 62, but s p trying to stay above water. And the nasdaq tearing higher, as charlie would say, ripping higher. Ripping. Liz were about to see a record. Stay with us. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Go your own way oncedaily anoro contains two medicines called bronchodilators, that Work Together to significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine that increases risk of death in people with asthma. The risk is unknown in copd. Anoro wont replace rescue inhalers for sudden symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. Ask your doctor about anoro. Go your own way get your first prescription free at anoro. Com. Liz looking at the nasdaq, that number, 6342, were one point below an alltime intraday high. If we close we hit two records, record closing, record intraday. My next guest is chief Investment Officer that runs 360 billion worth of assets. Steve is here with us. Great to see you. We have only couple minutes with but which of these three things, really grabs your mindshare, policy drama out of washington, Quarterly Earnings starting to Gain Momentum here, or some kind of black swan event . Im focused on earnings, liz, because that is the reality were dealing with. Solid so far. Markets hanging in there with it. Back half of the year the rest will come, we have to wait. Tax reform well watch a lot of sausage being made. Liz did you hear charlies theory . I like charlies idea. I dont think the market is so beaten down watching the politics and the sausage being made, i think it will take a while for the market to accept republicans out of now desperation, not momentum, desperation will pass tax reform. Liz steve what sectors do you like . We like areas that will benefit from higher rates, tax reform and economic recovery. Industrials, financials, bigtime. Telecoms. Even some of the energy plays we think are interesting here. We are a little bit contrarian what we like here. Liz what is the biggest mistake investors are about to make . Tell them so they dont fall into that trap . A mistake you could make, if we get a pullback we could get, we get sort of a dry season post earnings, the mistake would be to sell. We think market goes a lot higher by this time next year. Liz steve, from federated. Gait to see you. [closing bell rings] one record for sure. Nasdaq looks to be on track for a record close here. Dow trades lower. David, nicole, this could be a big move if it closes at alltime intraday. David looks like nasdaq will make it. Melissa d. C. In action. Dow managing the day off session lows. Nasdaq, another record close here that were trying to take a look at right now. Does that beat the number . We have a record for nasdaq. Im here for melissa francis. David we managed to pry you out of the new york stock exchange. We have more on big market movers. Here is what we have covering for you in the very busy hour. Let it fail. Republican leaders scrambling after Senate Majority leader Mitch Mcconnell pulling th