Meeting with those finalists to be his apprentice, or more accurately running may. Our Political Panel is reacting and giving important insight ahead of what we are expecting today which are brandnew state polls. This happens as the United Kingdom get the new Prime Minister. Teresa may now the leader tapped with an ugly divorce from the eu answer country looks to hook up to other nations both big and small. We are live with ambassador gordon gray of the us and israel, what she needs to do to save her economy. On wall street check it out. Record closes on site right this second as the tao in the s p fight for a new page, the tao jumping 32 points, oil is sputtering below 45 a barrel. We are less than an hour to the closing bell, the markets, poke stocks on play, start the countdown. The bull are fighting for oxygen in the final hour of trade and have it at the moment right out of the gate this morning, the tao and the s p hit new record highs and lost them but now they have got them back. Any gain on the tao, the s p will be enough to get us to records once again. We have 28, s p 500 stocks hitting lifetime highs, names like consumer things you use all the time, pepsi, monster beverage, kellogg, cisco, up 2 . Interesting with General Mills and a bunch of news, kellogg got the benefit and this surprise developing in the oil market all day long but look at the aftermarket numbers, oil below 45 a barrel, down 4 . Yesterday i told you the global glut had not disappeared and even though weekly crude stockpiles fell 2. 5 Million Barrels, that drop was less than the 3 Million Barrels expected, we see the price tanking but it was worse for gasoline, inventory showed a surprise build of one. 2 Million Barrels, what trades on the wholesale market plummeting 31 3 on the aftermarket trading session. A Big International handshake, no kia teaming up with samsung agreeing their patent drove is more powerful together than apart, the two reached a deal to cross license their patents, no kia moving higher by . 33, a gain of nearly 6 . Them sung doesnt trade here specifically, but you look at what it is going at, 1220. President Obama Holding a meeting at the white house between police officers, mayors, academics and civil rights activists. The president working to find the Common Ground he spoke so eloquently about at a dallas memorial, leaders of the black lives Matter Movement sitting alongside Law Enforcement and government officials to discuss Racial Disparities in our criminal justice system. This as the city of dallas prepares final goodbyes to the 5 officers killed in last weeks deadly shooting. Funerals for three of those Fallen Heroes taking place at this hour in dallas, Farmers Branch and texas, you are looking at pictures of cleveland, the attack in dallas is creating concerns over security in cleveland for the Gop Convention where tensions are expected to run high. Lets take you to cleveland, blake berman learning how officials are prepping for what the convention might bring. We know the socalled black cancer group wants to carry weapons while they protest where you are. Exactly right. The new black Panther Party saying they will do that. Ohio where we are is an open carry state. They say they have the right to do so. It is their Second Amendment right. They have been threatened and ty y want to have their safe insured. The underlying theme of all this is trying to ensure they feed everybody here as we are anticipating protesters, supporters, tourists, delegates, bring them here to dc and that is a security concern and a security issue right now. Let me show you where you are in front of the Convention Center, signs the convention is almost here but not entirely here. These are steel barricades that four or five feet high, 50 yards or so. That is the Convention Center, and the quicken loans arena where the actual convention will take place. A while ago the secret service part of a news conference, signs of stuff like this according to the last few days or so. In the last 72 hours secret Service Started preplacement of assets going up to secure National Special security venues. We are looking at the full support of the department of Homeland Security and department of justice and federal bureau of investigation. If you have never been to cleveland just to give you an idea where we are, the football stadium where the Cleveland Browns played. Over here you have the Convention Center and a few blocks that way the quicken loans arena. A couple people we talked to, the head of the police union said the Convention Center and the queue will be the safest places on the planet next week. The question is everywhere else, when you bring in those protesters, that is what they are trying to work through. Trish blake berman in cleveland. Foxbusiness will have walltowall coverage of the Republican NationalConvention Next week. Democrats from philadelphia, you will not want to miss a minute of it. Breaking news, this sometimes happens, Companies Miss release the Railroad Company was expected to report their earnings after the bill. We have they are out right now. You see stock jumping 4 . Earningspershare at . 47, they are citing a couple of head winds, among them a strong dollar they are saying is causing problems, real challenge with the economy and transition in the energy world, Lower Oil Prices so you have less transport on railroads moving the Energy Around the country so csx is jumping 4 on Trading Volume of 11 million shares. Quite a shocking end of an era unfolding in london is David Cameron who spent 6 years as Prime Minister of the United Kingdom stepped down. You see him walking to the microphone at 10 downing, three weeks after the uk voted to leave the European Union. Cameron was a staunch remain supporter. Taking his place, former home secretary and new conservative party leader per teresa may, she becomes the second woman in history to hold the title of uk Prime Minister and it carries with a long list of challenges, the most daunting being negotiating the exit from the European Union. Her background, she is the daughter of a vicar, interior secretary, people are saying her business and economic backgrounds are lacking. Will she be able to solve britains business challenges . Without the eu will she turn to smaller countries like israel to keep her countrys economy afloat . Israel is one of the United Kingdoms top 5 trading partners. The us number one. With me now is former israel ambassador to the un, the uk and Hudson Institute distinguished fellow along with former Us Ambassador to the European Union boydone greg. The breakup. You have today the fed president of st. Louis, james bullard, saying brexit will have 0 impact in the us. Im not so sure globally. What do you think of the impact . He is right about in the United States and stock market is reflecting that it is not going to be severe. We will suffer a little bit with our export because of a higher dollar but i dont think it will affect us. It affects Great Britain much more and it affects the longterm, it affects the European Union. You did what i was thinking, put it back in the lap of teresa may who has a huge challenge. You were the is really ambassador to the United Kingdom when all kind of trade reels were being struck. Does she need to turn to countries like yours to say lets make a deal . Absolutely. The first thing people should remember is she is the second woman Prime Minister and from the conservative party, and at the eu, she has to move the United Kingdom out. He has huge challenges and before coming and i heard Boris Johnson would become the foreign secretary. That is a hell of a challenge. In any case, israel, top technology, cyber, amazing relationship of entrepreneurs in the United Kingdom. This is one of the growth engines, this relationship from my point of view on the economic, political and military cooperation continue. The right thing to do. Trish it would make sense for teresa may to do that, strike bargains, strike new relationships with countries like that so lets talk about the fact the European Union leading the charge to say too bad, you cant get the trillions of dollars in euros when it comes to the clearing operation this london used to have a grip on. How do they hold on to the banking jobs. s they are related to exactly that, clearing all those derivative and currency trades . I am not sure Francois Hollande can clean that out of london. I dont think all those moves will take place and there are plenty of safeguards ands banks, but it is not going to be easy. It is not going to be without friction. It is a tough job for the Prime Minister. Trish the European Union is not interested in Holding Hands as we are in this country when we are getting along. What would it behoove a country like israel to do . Reach out proactively to the United Kingdom . Israel is a startup nation. The uk, this was a startup. And create a whole range of agreements all over the world. And number one on the list, the fifth strongest trading partner, the priority, especially as we have this front line of technologies, this is the future. Trish you mentioned this is good news, breaking that Boris Johnson is named foreign secretary. What does that really mean . He was definitely part of the exit plan, the leave. England was still part of europe, doesnt want to see a complete divorce, the market in europe for british exports. It is a good move to bring him back in. The interesting thing about israel is Great Britain can do europe a great favor if they came up with his real to make is real the Silicon Valley of europe. Europe needs the innovation and entrepreneurship israel has and to some extent, there could be a place that comes out of this that we havent fully appreciated. Liz your making ron smile. We appreciate it. Closing bell ringing and 40 minute. S p and the tao. Here is what is bringing the tao along, heat map of 30 names that comprise the tao. Microsoft and verizon at the top, interesting to see we still have that record. Coming up on the floor show experts on whether this record can hold for the next 42 minutes and you wont believe the places pokemon is showing up, players are thrilled, others outrageous this excites but also insults. We have that story for you. Tesla in trouble, elon musk defiant about keeping the autopilot feature in action between 2 major government watchdogs, after a deadly crash. That is all i had on countdown. Im billy, and i quit smoking with chantix. I decided to take chantix to shut everybody else up about me quitting smoking. I was going to give it a try, but i didnt really think it was going to really happen. After one week of chantix, i knew i could quit. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix definitely helped reduce my urge to smoke. 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Liz the csx train pulled out of the station before the bell, the company was support to report burnings after though, more than an hour ahead of it, lets go to the stock exchange, jumping 41 3 . Not only is csx benefiting from this report but the airline sector, the Railroad Sector and all stock sitting session highs. In the Second Quarter, . 44 with the expectations a better profit and in line revenue. That is pretty decent, the interpretation on wall street, 12 from this time last year, shipments, analysts believe the worst of that slump is behind us. Overall volume down 9 , the worst behind according to analysts led by a 30 decline in poll shipments. Csx is sticking by of guidance, declining for the year, there is some relief, and the earnings report, shares were lower, surprise early release. Back to you. Liz a fast fingered earnings release. Lets get to this, looking at records at this moment. Are markets experiencing a mass psychosis . That is what is happening right now. Investors causing the worst set up for the treasury market he has ever seen in his career and has been in the is is a long time. Looking at the 10 year yield, 1. 47 , not too far from what we saw last week but we are down 1. 39. And where should investors be instead . And john cortina, makes it look like they dont deserve it. Quiet day today into tomorrow and friday, large economic calendar, yum brands tonight, jpmorgan reporting tomorrow morning and a large ipo, so today was setting up everything that will come at the end of the week. The market has taken a little bit of a breather, every single day, not healthy for the movements. It is somewhat welcoming. Liz is that right . Is this mass psychosis . Investors are buying names like starbucks, facebook, manufacturing, are they wrong to do that . No. As long as we are going to keep low interest rates, you are going to get lower rates, more negative yield, so many Central Banks determined to do more stimulus, the European Central bank, bank of england, bank of japan said they were going to do it. Where else do you go . The stock market . Maybe put on head strategies, realize there is a lot of risk of their but these returns, look awfully good and that is what investors are doing. Liz look at oil, consumption is not running at a major clip but we have a great job number last week for june jobs. It brought the markets back to the green today, just after 2 00 pm with the regional picture of what is happening, labor markets are stable, Consumer Spending is generally positive. Most show decent stability, boston and chicago things are modestly decent. Oil is dropping on a couple different issues. We saw a drawdown not as big as people wanted to see. It is not as much as expected. Inflation and employment, underemployment is a huge problem. Usage is not as high as it might be during peak earnings season in the summer. Peak driving season of the summer and oil in general not moving that worries me, how can there be growth . And no one using commodities. Just doesnt make sense to me, volatility and oil coming up. The last time i saw a drawdown in the market, started in the commodity and oil and doesnt look at. I dont believe the market right now. Liz you dont leave the oil market. Great to see all of you. The tao is still on track, watching the clock ticked down in its final hour for record gains,