President trump signing the continuing resolution into law a couple hours ago. In this hour the battle is just getting started. Congressman john geir menddy, democrat of california with us live. Whats his and the democrats price for passage . Well ask him. And he is in california where wildfires in los angeles now expanding to san diego county, getting more and more dangerous. 1000 plus firefighters on the ground right now battling the spreading blazes that threaten some of l. A. s most luxurious hopes. The star of the l. A. Listing, josh flagg is here. One clients home has already burned. He will tell you what they are most worried about when it comes to the wildfires and their real estate. They call this guy the hollywood brand father. Row hand oza, the man with the midas touch. When it comes to introducing new, disruptively Healthy Snack food. Rohan will tell us how the gop tax plan could affect him and other venture capitalists and other entrepreneurs. One hour to the closing bell this friday. Lets start the countdown. Liz we need to get to the breaking news. We do have a day of rage still going on into the night at this hour in the largest outpouring of anger yet at President Trumps bitterly contested recognition of jerusalem, as israels capital. Youre looking at video of violent protests taking place. If you dont know where that is, it is the west bank. And nearly a dozen areas in the west bank, which is palestiniancontrolled, these hot spots along the gaza strip border with large crowds of worshipers marching on the streets, stomping on posters of President Donald Trump and burning american flags, they clearly do not like the decision that jerusalem has been named by the president as the capital of israel. We told you during this hour yesterday, that the u. N. Security council asked for and got an emergency meeting. It happened this morning. Israeli ambassador to the u. N. , danny danone who was our guests using an ancient coin to make the point that jerusalem is the always been the capital israel, for hue brees and jews. From 1678 ad. With the jerusalem the holy written on it. Meantime none of this seems to matter for the markets. Wall street looking at a trifecta of record closes at this hour. We have the dow and s p, and dow transports all on pace for neverbeforeseen levels at the close. All three indices are looking at weekly gains here. The dow is up 90 points, the s p gaining 11, the nasdaq up 27. We have to just simply say one of the key drivers for the stock rally, perhaps the key driver, were seeing november jobs report came out this morning. It painted a certainly rosier picture of u. S. Economy month by month. Impact from the hurricanes all but fading away when it comes to jobs. I just said one of the key rally drivers, the other got to be relief that the lights are still on for the u. S. Government. President trump signed the spending Deal Congress agreed upon last night. It will now fund the government for 14 days, two weeks. But kicking the can down the road put as budget slugfest squarely in the sights of the night before christmas territory. What is the hold youve . The gop is pushing for increased funding for the military, while the democrats are fighting forelegal status for dreamers and increased domestic spending. Democratic congressman John Garamendi from california is in thick of both of these issues. Welcome, congressman. Good to be with you. You hit a very, very important issue. Liz not only are your state focused on dreamers because they are many residents and you serve on House Appropriations committee you are appropriate guest on the democratic side. What about fiscal year budget or two years, we can only hope, will be signed and sealed by december 22nd. I think the odds are good. Two different ways to get there. The republicans have 235 votes. They only need 218. They can do this all by themselves. However over the last several years they have been very, very badly split with the tea party or Freedom Caucus really diverging very sharply from the mainstream republicans. So in the past they have had to reach out to democrats. If, if they can do it by themselves they will write it whatever way they want to. On democratic side we believe in bipartisanship. We as democrats even though wee in the minority we have something to offer. That is something more important than dreamers. There is something wrong with the chip program. Nine million children will be uninsured very, very shortly if we do not fund that. They have the dreamers liz social spending issues certainly. Yes. Liz now the republicans are saying they want to separate defend spending obviously. Where do you stand, considering youre on the House Armed Services committee on that . Would you go for that . We ought to do both. We have to make sure we have a strong domestics economy. We can not afford to lose 800,000 young men and women we spent money educating training, many whom are employed today. So that the dreamers or daca issue. We cant allow nine million children to go uninsured. So these are things that, as important, as is the military budget. On the military budget side were still under sequestration. That is a major problem. And these shortterm continue being resolutions make it very, very difficult. Liz agree. I agree. Im trying to get off the talking points, et cetera, i know it is certainly more than a talking point it, matters to you. Yes. Liz is a standoff over a group of fewer than a million people, the dreamers were talking about going to hold this up . It is an 8020 issue. What the politicians say. Most people in america are for it. We had a fox news poll, 60 of trump voters say let dreamers stay. Im not sure why the republican was disagree not go with that, especially when trump voters are fine with it. But, i guess, we got to move to the tax issue because salt, the state and local tax issue, is certainly important. Gary cohn said this morning on varney. Well let you react. Sure. There are some fixes that the house and senate are working on for the salt states. Liz what would be a fix that you would accept . Well the fix would be to go back to where we were on this issue. The, deductibility, not only of salt but also deductibility of medical expenses, which ace huge problem for seniors for seniors across this nation, not in california or new york, any senior with serious medical issues, that medical expense deduction is certainly important. Certainly the state and local tax issue is also. What i dont understand why we are so, why the republicans are so anxious to reward the super wealthy. 50 of this trillion 1 2 dollars or more, goes directly to the top 1 . Liz yep, that has been proven by both sides. Im not going to disagree with you on that. I need to break in here sir what is the point . How does that help the economy . Liz i need to break in. South of you, right now, ventura county, folks, this is a live picture of this horrific wildfire courtesy of helicopter by kabc. It has multiplied. Half are smothering in Southern California. President trump approved a emergency declaration. The cost of these and wine country fires back in the fall will top 10 billion. You used to do that job. Do you think you will get it . Is congress hedging . Will they come through . I would hope so . 10 billion will mostly be by Insurance Companies. I was the insurance commissioner california in 1991 with the Oakland Hills fire, up until the sonoma fire, santa rosa fire, the most expensive. Were looking at easy, nine, 10 billion in northern california. Southern california will add to that. A lot of that will be covered by insurance industry. That is where the insurance commissioner comes in to make sure the claims are paid. Now federal government, interestingly enough, there is emergency appropriation bill before Congress Today that provide money for the hurricane damage, puerto rico, houston, florida. No money in that bill thus far for the fires in california. Liz for californians, and i find that as former calfornian. Yes. Liz i will go with your final thought here. Go ahead. I was going to add, maybe because of that for the first time in my memory all of the california delegation, democrat and republican, 53 are hammering for california to be included in that emergency. Liz including republicans. You would think thats what you want. Absolutely. Liz we like to see bipartisanship on any issue. Thank you very much, congressman. We really appreciate it. Congressman geir men did i. Garamendi. Thank you. Liz sadly through the fire news, the fire spread through thoroughbred labels, 25 hours were killed. The star of in Million Dollar listing, josh flagg, how the fires, not only horrible situation, are affecting the highend Real Estate Market in the los angeles area. That is in about 20 minutes. Let us go to pensacola, florida, where President Donald Trump will hold a rally tonight. Is it really a campaign for make America Great again, or is it a campaign for roy moore . Either way the president is expected to make comments at the Pensacola Bay Center where he is sure to way in on the Alabama Special Senate election. Lets get right now to hillary vaughn. She is right there . What is the sense . It is about an hour away here. Reporter thats right. Actually the third biggest city in alabama, mobile, alabama, and pensacola share the same media tv market. So local stations in alabama will cover this big event. It is cold and wet here in florida, but still lots of supporters are lined up, several hours before doors opened. We talked to two alabama voters who showed up hours before. Were expecting a lot more alabamaians to cross the state line for the event tonight. Several thousands are expected to pack into the local hockey arena in pensacola, florida. We talked to people in line who drove all over the south to be here last night. We asked them what they thought of trumps endorsement roy moore. They think this is proof of what trump calls fake news. Allegations are fraudulent. I dont believe in them. I think it is a, theyre hired people is my opinion. Why now . If all this was true why wasnt it brought up before when he was running for judge. Girl is a fraud. She faked signature on the yearbook. We know that. It is because there is a charge, doesnt mean your guilty. In this country, it is innocent proven guilty. Algations are only allegations. This is fraud. More fake news. Reporter liz, there have about been a lot of questions whether or not judge roy moore will cross the state line and appear with President Trump here tonight. We got the official word from the campaign he is not going to be here but his campaign did release a statement that they are really thrilled that the president is is complaining so close to alabama theyre encouraging all supporters to drive over and attend the rally here tonight, liz. Liz hillary, thank you very much. Fox business has complete coverage the president s speech in pensacola. It begins 7 00 p. M. Eastern. With special edition two hour edition of lou dobbs tonight. Maria is also talking to bob nardelli about tax reform. This is a big market day, folks. You need to stay with me. We could see at least two record closes for some of these indices. When we come back, much more, the host of billion dollar listing. Stay tuned. Alerts wouldnt you like one from the market when it might be time to buy or sell . With fidelitys realtime analytics, youll get clear, actionable alerts about potential Investment Opportunities in real time. Fidelity. Open an account today. Liz were off the earlier highs, but still up at the moment. Stocks charging ahead, with 43 minutes left of trade after that november jobs report. Not only painted a picture of the economy on its firmest footing for at least a decade but september and october were upwardly revised. This time the number for november, 228,000 jobs were added. It was pretty good. Another 31,000 for manufacturing. Unemployment sitting at the lowest level in the last 7 00 teen years. One person janet yellen watching this this is the last report as as head of Federal Reserve chair. Markets are pricing 92 chance of federal rate hike at fomc meeting next week. With jobs data strong will we have to see a more aggressive fed in the new year. To the floor show, traders at cme and nymex. Matt, what will happen next week, most happen likely but how many for 2018 . The fed indicated three. What do you say . You know i think three is probably safe. I will go more on two, only because there is so much new blood coming into the fed. Maybe they change what theyre looking at, maybe not, but they have yet to find a way to gauge inflation as far as one of the main reasons for raising rates. Until that changes, i will go on the lower end. I will stick with two. Liz phil, are you copycat, or Something Different . No, im going more aggressive, are you kidding me . I think we could do four or five next year. Liz five . I think era of economy getting a little excited here. Well go with four, because, listen, bottom line you look at this jobs report, you look what is happening around the world right now, there is something going on in the global economy. No major recessions anywhere in the world right now. And i think the feds fallen behind the curve. I think, you know, , if we hit Donald Trumps 6 growth next year, they didnt say 6 , they will have to be more aggressive. We see things happening in the commodities phase, were seeing demand for oil. Were really starting to tighten up. I think well see inflation come back a lot faster than people think. If we can only base inflation off bitcoin prices heck we have to go seven times with interest rates. Liz we shouldnt laugh. Bitcoin lost 20 over 10 hours last night. Right now at 15,054. On some exchanges we hit 19,000. Putting bitcoin aside for a second, matt, china, phil just said there are major country there is is no recession. China proved that. They showed some, if you believe their data, some very strong data. Not only exporting more to the u. S. , which isnt necessarily great for us but they are importing a lot more. Their iron ore, their copper imports, they need to build more. They seem to be on better footing. How much does that color the whole picture green . I think they change month to month with some of their data. Their numbers for this month were extraordinary. I think it was 17 to 12 on import, export. Those numbers are huge. They have to keep building to keep their economy going. But can you believe it . Can you maintain that as long as they have. Question to be seen. Oil numbers as far as that goes, they keep changing those. So you know, yet to be seen. There is a lot to work out and the economy right now is humming along nicely. I think what the fed will look at next year, as far as all the new people coming in, im going to be more cautious on the economy. Liz all right. Im not. I think it is going pretty well at the moment he. We shall see. Matt, phil, have a great weekend. Thanks so much. Closing bell 39 minutes away. Cocacola, falling flat today, as a shakeup in the executive ranks again has investors jittery. Coke is not it at the moment. One of the biggest laggards on the dow right now, it is down 1 1 3 to 45. 19. You cant blame cokes problems on my next guest. A former cocacola executive who woke up one day and said i can do snack food and drinks way better than coke can. Make them healthy and disrupt it. He brought pop chips to crowded Grocery Store shelves and muscled their way in. The man with the made does touch is here, to tell us about his next delicious items and his new partnership. Countdown coming right back. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp the moment a fish is pulled out from the water, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. 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