Trade today with union boss richard. Not always a fan of trumps. With Lockheed Martin and, yes, you can see the picture there thats talk show host steve harvey as well. And chicago disturbing new report from the department of justice highlighting supposed abuses by americas Third Largest police force. But what is going to stop the murders . Thats the real question. Weve got Team Coverage from chicago to washington on all of this and a lot more. Melissa all right. Breaking news right now. The house just taking a critical step towards repealing and replacing obamacare. Fox news Mike Emmanuel is on capitol hill with the latest. Mike. Melissa, good afternoon. The vote was 227198 a short time ago. Only nine republicans voted against this measure. It had already passed the senate early yesterday morning. Now it has passed the house, and it will tell the relevant committees to write legislation for a former repeal. But what this bill does is it keeps democrats from being able to filibuster in the United States senate, so it is critical and House Speaker paul ryan calls it a critical step toward delivering relief. This law is collapsing while we speak. We have to step in before things get worse. This is nothing short of a rescue mission. By taking this step today, we are doing what is right. Ryan says he is in sync with president elect donald trump. Both say they would like to repeal and replace happen at the same time. It sounds like the replacement could come in the form of multiple bills and perhaps some executive action by a new president. Democrats are accusing republicans of essentially risking the entire Health Care System and putting American Families in jeopardy. Instead the republicans are feeding their ide ideological obsession with repealing and Economic Security of hardworking families. Some observers have noted that this is essentially the easy parts of the. The more challenging part will be to take all the republican ideas and come up with the one concrete plan that all can get onboard with and pass. Melissa. Melissa all right. Mike, thank you for that. David. David theres almost too much there. Lets bring in our panel jack from barons and shelby holiday from the wall street journal. Shelby, we all know that competition is good and there wasnt a lot of competition from a lot of levels from insurance to Certain Health care providers, et cetera. Thats what needs to be brought back into the Health Care System, dont you think . Exactly. Well, and keep in mind, its not that the republicans dont have a plan to replace obamacare. Its that they have multiple plans, and they have yet to coalesce around one plan. They talked about expanding Health Savings accounts, tax credits, selling insurance across state lines. Sod have a lot of ideas. It will be interesting to see which idea they actually can agree upon. But overall, they have to do something. And president elect trump yesterday said Something Interesting about drug prices. Thats also you could argue thats something we could easily see either in an executive order or in congress is reigning in those drug prices because that has crushed the Affordable Care act. David talk about the noncompetitiveness there too because a lot of the Prescription Drug plan, the medicaid part d, jack, gives tremendous leeway for drug makers to do name their own price. There is not enough Competitive Bidding in that process. So it looks like were going to start there. Maybe. Look, david, the problem is not that your insurance is too expensive. The problem is that david yes, it is. My insurance is too expensive. Give me a minute. The problem is that your care is too expensive. The Insurance Companies are just goalies. David i disagree. But the problem is cost of hospital care, the cost of drugs, the cost of everything down the line. Youll tennessee when were about to get an affordable Health Care System when the share prices on some of these health care. David shelby, i love jack but i disagree with him on this. I think the problem is there are too many middle men. When the Health Care Provider deals directly with the health care receiver, prices go down dramatically. Look what happened with laser hold on a second. Okay. Jack, understood. But you have to get the middle man out of there, shelby. And the most compressive plan i think is senator rand paul. He happens to be a doctor, by the way. Hes trying to get as many of the middle men out. Whether its the government or insurers. Once they are out, then you have a direct relationship between the patient and the Health Care Provider. That brings down cost. Its hard to disagree with that. Because i was looking at my insurance bill the other day. I didnt even know how much my physical therapy bill was. It was 700. Thats not something you go and agree to before you get there. You just use it. And so im guilty of it too, but its something that absolutely is a problem because people dont know what theyre paying. Dont know what their insurance is covering, and its not competitive. Its not a competitive market. The last thing david okay. Very quickly. The last thing on earth you want is a direct relationship with the drug company. David no, the first thing i want. You will get killed on price. David thats the first thing i want. Melissa i buy my Blood Pressure medicine directly from the company that makes it. So anyway, back to the markets. Record close on the nasdaq. The dow couldnt manage to turn things around in the final moments of trading. Ashley webster is on the floor of the New York Stock Exchange and, ashley, who are the big winners today . Well, im glad you watched that, melissa. Lets take a look at the big dow winners this week. Its been an interesting week where the market has essentially moved sideways. Lets show you the three winners. The Big Pharmaceutical Company up 3. 5 on the week. Just up slightly today despite what donald trump said about Drug Companies getting away with murder with regard to prices. An exdown today but up 1. 7 for the week and caterpillar also up today and up 1. 5 for the week. Seen as a big gain as donald trump see whether he makes good on his infrastructure spending. We also want to talk about the banks. Got the he didnt season underway with the big banks and jp morgan up indeed. Profits up. Beating estimate. Bank of america. Profit jumping 47 year over year. Wells fargo, though, missing both on profit and revenue. However, all three banks today moving higher. Investors apparently reassure that the economy is good. And if the banks do well, then the economy as a whole will do well on the theory that they are more willing to lend to consumers and Small Businesses. And i just wanted to mention very quickly, melissa a tekata, this is the company thats in the exploding air bag story. That stock up some 25 today. Its a Small Cap Stock but why . They finally reached an agreement with the department of justice. A 1 billion fine for this case. And those exploding airbags have linked to a dozen deaths across the country. There you have it, melissa. So day, but well take it. Back to you. Melissa ashley, thank you. David oil was a big story for the week. Take a look. For the week, it fell 3 to settle at 52. 37. The largest weekly drop in more than a month. Driven lower now by new doubts over the opec deal to cut production melissa and i have been saying dont trust the deal. And heres gold ending the week up nearly 2 . Just below 1,200. Melissa all right. So the banks are back in town. Jp morgan and bank of america posting better than expected earnings with jamie continuing to praise the direction of our economy. Jack, jamie diamond saying u. S. Economy is building momentum. Theres Good Opportunity for good rational and thoughtful policy decisions to be implemented, which would spur growth, create jobs for americans across the income spectrum. What do you think . I agree. I dont see much by way of problems right now. I mean, the problems i see are getting better. Weve got a return to growth. I look at corporate profits. Even for the Fourth Quarter. Even before we get into 2017. Youre looking at maybe 6 Earnings Growth for the Fourth Quarter, once we get the numbers reported. Thats pretty good compared to what we got last year. And next year, i think it could be higher. Wages are on the rise. Home values are strong, so i see a lot of good signs for the economy right now. Melissa shelby, what do you think . I agree with that. Wages are on the rise as jack mentioned. You have strong consumer spending, strong consumer sentiment, Small Businesses are very bullish. There was a survey out this week, record optimism, you could say. All signs point to diamond being right. The economy is growing. The question is how much room is there left to grow . Were coming up on eight years of a bull market. The fed is raising rates. Were not sure how much congress can actually get done. You can be optimistic but realistically, well see what they come up with. So how much room do we have to grow . Thats the big question for 2017. Melissa jack, its not surprising that wells fargo declined their Fourth Quarter profit, they are still feeling the burn of all the publicity scandals. I mean, the publicity from the scandals they had within the bank. Do you think that this is the last quarter they have to deal with that or do you think thats an ongoing thing . We wilwells is going to come back. Two years from now, no ones going to remember what this is about. So i think wells fargo will come back. Look, all of wall street has an opportunity right now to improve. Trading revenues to make money from higher interest rates. All the news is good for the banks right now. Melissa all right. David whos on the cover of barons today . Its our barons roundtable, david. So you get all the great picks from all the great minds. David well, that guy might end up on the cover of it, anyway. A good friend of fox business Anthony Scaramucci given a top job in the trump administration. Pretty much as described. Will be in the office as public liaison. Really trying to get the president s message out not only through governmental agencies but also the commercial message to both american businesses and the International Business community. David just got a haircut for the job. Scaramucci served as the top fundraiser for the campaign. Also a Senior Member of the trump transition team. And donald trump taking time to meet with comedian steve harvey this afternoon. Heres what he had to say with the president elect. Steve. Hes introduced me to ben carson, who is now the new head for housing for urban development, and were going to team up and see if we can bring about some positive change in the inner city. Its an honor to be invited to talk, and i think thats the only way that were going to unify our country. Weve got to talk, you know . President obama said youve got to sick down and talk. And i really enjoy the conversation. David kind of glad hes in the mix. Another example the president elect meeting with all different types of people with different backgrounds. To try to solve the big issues facing our country. Melissa. Melissa all right. Business friendly president elect trump meeting with union bosses. Richard and Lockheed Martin ceo marilyn to discuss creating the best possible environment to create jobs. Were going to increase our jobs in fort worth by 1,800 jobs. And when you think about the supply chain across 45 states in the u. S. , its going to be thousands and thousands of jobs. And i also have the opportunity to give him an idea on things to continue to drive the cost down on 35 programs. Melissa and trump tweeting a photo of himself and the president elect following the meeting calling it a very honest and productive conversation this morning. Jack and shelby still with us. Okay. Jack, what do you think . Its kind of funny to see trump sitting there tweeting out a happy picture with himself meeting with the president elect. I mean, it does show everybody going to the golden tower and paying amage and trying to get off on the right foot. Yeah. The union outside of the government; right . Union labor has been designated. Decimated. But part of the reason is there wasnt flexibility when they had to make cuts so on and so fourth. So i think there have been Lessons Learned on both sides. I think if we can begin to bring jobs back in some of these manufacturer parts of the economy. And if the unions can meet Companies Halfway melissa yeah. Look, the unions could come out of this thing smiling too. Melissa shelby, the ceo of lockheed out there, like, please dont tweet bad things about this. What do you think that conversation was like . You know, someone said trump creates opportunity by creating chaos. So when he attacks these companies, he actually gives them a chance to take the pr spotlight and look like winners. You know, here she is announcing melissa great point. Shes adding jobs, lowering the cost for taxpayers. Trump looks like a winner because hes helping do these things. So they both look great. Its a wonderful pr move. A lot of investors are wondering how exactly Lockheed Martin plans to lower the cost. But the truth of the matter is costs were already coming down. And the pentagon was already going to be negotiating these costs. So here they are both looking great in trump tower. Win, win. Im more struck by the steve harvey meeting. Could trump thinking about growing a mustache . Melissa very funny. They started to walk away and they said steve, and he turned around and ran back to the mic. He was, like, wait i came to do this meeting, and i didnt get any questions to me . For a guy who talks for a living, there you go. Melissa well, he said the Obama Administration sent him over. I dont know. Its very interesting. David i like steve harvey. Melissa well. All right. There you go. David all right. Preparing for a military clash . A new warning coming from chinas state media to the trump team. What is behind these three times and how should america respond . Well be asking senate colonel ralph peters. Melissa and the inauguration is just one week away. New details on the massive security preparation to protect not only the president elect and his team but also 900,000 in attendance. David wow. Its going to be wild. And the liberal media seems dumbfounded about how to cover a trump presidency. So much so that they are holding a forum to all sit down and discuss how to go about it together. Can we all get along . Howard kurtz. Host of media buzz weighing in next. This is not news. This is propaganda. We are inventing all of these new words, fake news, garbage. Business propaganda. Russians. Masters of this. When youre close to the people you love, does psoriasis ever get in the way of a touching moment . If you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. Taltz is proven to give you a chance at completely clear skin. With taltz, up to 90 of patients had a significant improvement of their psoriasis plaques. In fact, 4 out of 10 even achieved completely clear skin. Do not use if you are allergic to taltz. Before starting you should be checked for tuberculosis. Taltz may increase your risk of infections and lower your ability to fight them. Tell your doctor if you are being treated for an infection or have symptoms. Or if you have received a vaccine or plan to. Inflammatory bowel disease can happen with taltz. Including worsening of symptoms. Serious allergic reactions can occur. Nows your chance at completely clear skin. Just ask your doctor about taltz. David weve got more breaking news. All hour we have breaking news. The house of representatives just approved the military waiver for james mattis to serve as secretary defense secretary under president elect trump. The vote was 268 to 151. Melissa. Melissa liberals of the media are stumped on how to cover the president elect. Journalists gathering for a Panel Discussion about where they will lay out, what strategies to use when reporting on the trump presidency. Here now is howard kurtz, host of media buzz and a Fox News Media analyst. So theyre getting together to go over i liked one of the quotes. So the panel will discuss how journalists and Media Companies at large can play a bigger role in making sure that fact prevails over fiction in the coming months and years. Wasnt that always our job to make sure that fact prevailed over fiction . Why did they need to play a bigger role in it now . Because donald trump has them in just hand ringing and turning out columns and having conferences to figure out how to cover this president. And, look, slate is the major player in this conference. Whenever i click on it now, i get these popup that doesnt say help us stand up to donald trump or donald trump has declared war on the press, in other words, send money. So after a News Conference this week, in which trump went after buzzfeed but also called cnn fake news, which is greatly overstating the issue, i think. The press just is feeling very much on the defensive. Melissa so actually, i mean, if you look at it from a marketing and moneymaking point of view because we are a business show, it makes a lot of sense. Its the theme or, you know, one of the marketing features of his presidency is, you know, im talking directly to you, the people.