Hill ceremony honoring former senator bob dole. He is about to receive the congressional gold medal, the top honor congress can bestow. He was the only president ial candidate to endorse President Trump. And the president will be there when the president speaks live. We came within five points of seeing a 300point gain for the dow. Up 287. The climb today has been since the opening bell, steady but steep as the dow is about to make another mt. Everest peak in the final hour. We stand at 26,082 points, taking another step. The second one closing above 26,000 following yesterdays crushing 383point swing. Remember yesterday it crossed the milestone level, jumped up when the bell opened and fizzled out. If it happens today, it will be only eight days since the last time we saw a thousand point gain. That makes it the shortest stretch ever between the milestones. The previous record between thousand point moves was 23 trading days. While the dow is propelled higher on stronger than expected earnings, Goldman Sachs may have caught a bit of the flu and some other big banks are catching a cold. The wall street journal reporting 2 billion quarterly loss due to a hit from the new tax laws. Goldman is the second worst performer on the dow at this hour. It is down 2. 33 , lower six bucks. Snow is slowly coming down in new york city as the unseasonably cold weather at the end of december helped to boost Industrial Production thanked to increased demand for things like utilities and mining. December Industrial Production, and this gives us a sense how big industry is doing, jumped nine tenths of a percent, the expectation was four tenths of a percent. The bad news is manufacturing didnt play into this, it was more mining and, of course, as i mentioned, what we had there with all kinds of telecoms and utilities. So at the moment get to the floor show, we want to bring traders in at the New York Stock Exchange and the cme group. Teddy, 26,000, we hit it maybe in 57 minutes . Well, its possible. I think todays performance after yesterdays selloff, it wasnt complete reversal yesterday. We gave back the gains, flat on the day. I think it caught a lot of folks flatfooted today. I think people came in basically willing to sell them and put them out short and the rally kind of, i think caught everybody by surprise, and the tax bill that we had positive news out of apple today, the gift that keeps on giving, plus the fact it was smackdab in the middle of earnings season, and so far theyve been very good. You got kind of two very positive things as a backdrop, and the lines of least resistance clearly remain on the upside. Liz apple is definitely hoisting up, i would say all three indices because of course it factors into that. This morning it was up about a third to quarter of a percent but suddenly right now we see it up 1. 5 , on phil, very good news, its very important folks, you got to follow up and check back to make sure theyre going to do this. Because they will be able to repatriate profits shelved overseas, theyll put 300 billion into the u. S. Economy. Theyll hire 20,000 people. You can see intraday on the news, thats got to help. You tell me, phil, the u. S. Dollar is weak that helps big u. S. Based companies that do business overseas. Do you get a sense thats the place where the flows are going right now . That people want to catch that wind of a lower dollar that keeps Big Companies here . I think they do, theres no doubt about it. The dollar has been carrying the rest of the globe on its back for the last couple of years. We saw the surge in the dollar last year, everybody was afraid we were going to raise Interest Rates and a detriment for u. S. Companies. Now were giving the big payback, seeing growth with the lower dollar thats perfect for the manufacturers. What were hearing from apple today as far as repatriating jobs, thats just the tip of the iceberg. Im hearing from other companies that theyre talking about looking at ways to bring jobs back to america. We were talking to a major firm that does clothes, an international company, theyre thinking about bringing back 1 of cut and sew because of the tax break. It is the gift that keeps on giving. Liz flynn and weisberger, the gift that keeps on giving. While were talking, up 309 points. Hey. Liz hang out with us, gentlemen. It may sound fabulous and for the bulls on the stock market. We have a dark shadow looming over capitol hill as we are now just two days away from a potential Government Shutdown. Just moments ago and we got this tape in. Senate leadership, Mitch Mcconnell took the microphone to address questions over congress potentially approving another temporary continuing resolution. This is the stopgap that would keep the government available to spend through february 16th. Heres what he said. Im certainly going it take up what the house sends us. The democrats and the senate have been very consistent and clamoring for addressing the Childrens Health care program. They claim they dont want to shut down the government, so it seems to be, it would be a rather attractive package. I certainly hope thats the way they look at it. Reporter [ inaudible ] i believe we have a good chance of passing it. Liz theres something missing in it, and . Sharp contrast, right after that, Chuck Schumer moments ago said there was, quote, broad revulsion among senate democrats. They would not likely support this continuing resolution because it does not deal with dreamers. The children of illegals who come into the country and have now grown up, know no other home and still live here. Over at white house, you can kind of get a sense where the white house stands on this. Sarah sanders said finding a deal for daca, the dreamers, remains one of the Top Priorities for the white house, specifically, she said we very much want to get a dreamer deal done. Lets bring in democratic congressman Brendan Boyle of pennsylvania joining us from capitol hill. The government is funded until 11 59 p. M. Friday evening. You have to tell us what the democrats are saying now. Daca is not in this continuing resolution that the house may pass and give to the senate, but chip is, the Childrens Health care plan that extends it, maybe you do this and say well really negotiate after for dreamers, or no way . Thanks, great to be back with you, liz. You know, the republicans control the house, the senate and the white house. Never before in American History have you had full one Party Control and have a Government Shutdown. So if there is a Government Shutdown, it will be because of republicans. They have a pretty big majority here in the house. What i would like to see is an end of this every three weeks, every four weeks seeing if were going to have a Government Shutdown or not, and actually coming to a real agreement. Republicans have the vote to do that on their own. If they want democratic votes, were certainly openminded. I would like to see a real agreement on defense spending as well as nondefense spending. The proposal, the last one i heard of would increase defense spending while holding nondefense spending content, i dont think thats going to fly on our side of the. Im there is the issue of dreamers as well as were coming up to the deadline in march that President Trump created. He could take that issue completely off the table and simply reverse the action he took a few months ago. So in the end. I want to see an agreement, but if you want our vote, there has to be real compromise and real give and take. Liz the president is about to walk out in a moment on capitol hill for the event for bob dole, the former senator of kansas and war hero and as we watch the Vice President , mike pence come in. What would the message be . Seems the president would want to do a deal on dreamers. I commend the fact were honoring senator dole today. I wish that a little bit of senator doles approach on these things in the 90s would rub off on President Trump. I remember the last time the republicans shut down the government in the mid 90s, apparently it was Senate Majority leader dole put that to an end. I dont want to see a Government Shutdown. No one wants to see it. In the end the republicans need to compromise if were going to avoid it. Liz should be noted that while republicans have a significant majority in the house, in the senate, theyll need all of the republican members and nine democrats to pass this, and there isnt an indication that every single senator on the republican side would vote for a continuing resolution. At some point, though, democrats, dont you admit they need to come forth and say, chip, well take, it negotiate, nobody is going to be happy with everything. The challenge is then where will we be in a month from now, when were right back in the middle of this neverending soap opera. I would rather come to an agreement and resolve this once and for all. Are we going to have continuing resolutions for the next several years . Thats not responsible governing, and i would say to republican friends, quinnipiac released a poll that showed 86 of the American People support allowing dreamers who are americans for all intents and purposes, 86 of the American People want to see them stay and not supported. Lets finally come to a resolution on this and put this push this issue to bed. Liz congressman boyle, thank you for joining us from capitol hill, and just as we dip back into that event for bob dole. We should let you know as speaker ryan takes the podium, as soon as President Trump begins to speak and, of course, bob dole, we will take this event live. Dow jones industrials up 308 points. 49 minutes left to see the big milestone. The dow crossing and closing above 26,000. You know General Electric used to be one of the Building Blocks of the Dow Jones Industrials and of the nations economy, but now trying to figure out the best structure for crumbling business. Charlie gasparino about to pull back the curtain on the palace intrigue of ge as the stock continues to fall. Charlie breaks it next on countdown. The latest on the bitcoin price as well. Shes nationally recognized for her compassion and care. He spent decades fighting to give families a second chance. 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And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. A place for mom. You know your family we know Senior Living. Together well make the right choice. The markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. What i do know is going on inside the company is flannery, john flannery, doing a toptobottom review, heres where i think investors missing the boat on this thing. He is looking at all scenarios including a major breakup of ge. What i understand flannery is looking at, one of the scenarios, if he does go there, this is the one thing i think analysts say is going to boost the stock, is to break up the company into various other companies. Liz he broke it. That was charlie gasparino, but in october, all the way back last year, breaking it right here on countdown, the General Electric was considering cracking up the company. New Ceo John Flannery confirming the breakup is on the table. But whats got to be happening under the table . Charlie, palace intrigue like game of thrones. This is the end of ge as we know it. And excuse me, a great guest to have on would be obviously jack welch to think about what he said about the legacy, when you talk to company insiders, they will tell you that mr. Flannery, the ceo may have no other choice but to do this breakup, ending ge as we know it. What does that mean . You break it down for three separate companies, power and energy, aircraft engines, health care, other stuff you need to sell off to paydown. Pension liabilities, other issues, maybe keep the dividend going for a little bit. Those are the three Main Companies that would survive this, when you talk to people, you look at the stock price, i believe yesterday was at 17. 50. If you sell aircraft engines, were at about 17. 30. You get about 10 a share of that, and 30 of the company. The 70 of the company you can easily make up the rest of that bogey, the stock price and get more. Its a net positive for the stock. Thats how mr. Flannery, if he goes this way would sell it. What im hearing from people inside, its those three areas, y units, will be the major part of the company. You could see ge revisit some strategic combination with honeywell as it restructures. If you remember, one of the last things that jack welch tries to do as ceo in 2001, as he named jeff immelt his successor is merge ge, essentially buy honeywell. Scuttled by the european regulators and the Company Never recuperated from that. It was really a negative mark on the company and ran into other issues and mainly 9 11, and then the real questions about the ge conglomerate has been haunting whether thats a proper Business Model has been haunting jeff immelt ever since. I hear that there is talk internally about revisiting a joint venture with honeywell since both of them have slimmed down and plenty of synergies if you merge them on the aircraft marving side. Thats the stuff thats going on. Theyre talking radical changes. Were talking about ending ge, one of the Biggest Companies in the dow, as we know it. Were talk about something liz the original dow members. Something that jack welch built could be in the middle of being dismantled and only hedge myself here anything is possible. I dont know if he has much choice. Thats the people im talking to. He might have to go here because of the pension liabilities and other liabilities and the fact of the matter is, wall street hates the stock. Liz charlie, do you think cbs has a choice or les moonves has a choice. There is news about cbs, down 1. 5 , journal reporting that Shari Redstone, the daughter of sumner who controls both of the companies, wants to add directors. Looking at the board of directors from cbs, have you sumner, shari and Leonard Goldberg of spelling goldberg, big producer, joe califano, former secretary of education of welfare. These people are all 70 years old or older. 60, 70, 80, and im wondering what is she trying to do here and why viacom is up, cbs is down . The endgame is to put pressure on mr. Moonves, this is an old story, talking about this for about a year. Pressure on mr. Moonves to merge the two together. Cbs is the stronger of the two National Amusement companies. Thats the Holding Company that sumner and redstone and Shari Redstone now, since the father is incapacitated or smarr incapacitated, those are the two units, the viacom unit is not the healthier unit. Cbs is doing well. One thing les moonves has tried to do. He doesnt want to be saddled with. This you just know that the properties at viacom, mtv and all that other stuff, these are not cutting Edge Properties and getting crushed by cord cutting. He doesnt want to saddle his shareholders with that. She sees it differently. Maybe this is a way to survive. Obviously this is a play by Shari Redstone to turn the screws on mr. Moonves to get him to agree. You could say why doesnt she order him to do it . If les mo