Officially named as his pick for secretary of state. Controversial because some say that tillerson has a waytoocozy relationship with the arab nations who produce oil. Can tillerson strike the right diplomatic balance with the saudis, iran, israel and all of those other nations . A fox business exclusive with the man who might know, the former u. S. Ambassador to saudi arabia, robert jordan. Plus, were on trump tower watch. Take a look at this, the most powerful man in the world meeting with the richest man in the world today, moth cofound microsoft cofounder bill gates taking the golden elevators to the top. President elect is expected, by the way, in this hour to depart for wisconsin for the continuation of his thank you tour. His rally will begin sometime this evening, but he will leave any moment from now so, of course, we have the fox business caravan cam at the ready. Plus, a poor diagnosis for qwest. That stock is on the move and not in a good way. Is it Mission Impossible to save viacom from a downgrade after cbs pulled the plug . And charlie breaks it on a top secret meeting between donald trump and an unnamed billionaire. I want to know about that. Wereless than an hour to the closing bell, were live from the floor of the New York Stock Exchange, lets start the countdown. Liz okay. Can you guys hear me . Take a look over my right shoulder. See that guy . Thats peter tuchman. He hates to be pointed out, but guess what . He says he will not hes the keeper of the dow 20,000 hats. Hes so mean. He says he wont bring them until were within, what, 20 points, peter . Got to be within 20 points . Yes, maam. Liz just give me the hat no. Cant do it yet. Liz so mean. [laughter] see, theyre egging him on here. Bring out the hats were at 19,914. We need to be at 19,980 before peter, grinch, bring out those hats. Let me get to breaking news [laughter] its about to happen at trump tower. At the moment Donald Trumps caravan is, as i said, expected to depart at any moment for that latest stop on his thank you tour. Hes headed to wisconsin. Well take you the minute that we see he is leaving n. The meantime, how about these markets . Either way with dow 20,000, yes, its far enough away at the moment that i can at least bring something closer, and that is a lifetime intraday high here. When i walked in here, trade arer danny said, you know what, liz . It could happen today, but then trader peter said not going to happen today, liz. So with just 57 minutes before we hear the closing bells, youve got to stay with me to see which trader is right. Either way already, yes, as i said, the dow and the s p and the nasdaq have all hit intraday highs, all three at this hour are racing to new record closes. You will witness that, any move to the upside. So as stocks soar, oddly so too does the vix or volatility index. This is that socalled fear index. Why is there fear in the markets . Were kind of asking around, and traders are telling me it could be investors are perhaps a bit nervous ahead of tomorrows Federal Reserve announcement on rate hikes. The meeting is today and tomorrow. The announcement comes tomorrow. Speaking of another big happening tomorrow, lets check out the big names of the tech world and what theyre doing right now, and then ill explain why this matters. You have apple, amazon, google, facebook, microsoft, all of them, i believe, are posting solid gains. Yes, indeed, they are moving higher anywhere from one to two and a third percent, nice move here. Ceos from those names are expected to meet with donald trump tomorrow at 2 p. M. Eastern. Well be watching that. Oddly, it kind of hits right at the same time we get the Federal Reserve announcement with janet yellen. You know what . Weve got the greatest camera crews on the planet at fox business, well be everywhere and make sure you see it all. All right, whats working right now for the bulls . Take a look at the is sectors that are really big winners since the day after election day, the 9th of november, and that would be energy. Weve told you about that. The financials, the big banks have been on a run, telecom extraordinarily strong. All three up doubledigit Percentage Points since the day after the election. But here are the laggards, because we always point out for our bears because they bet on certain leg asker laggards, Consumer Staples and utilities, theyve traded off. So which sector now will get us over the dow 20,000 hump . We bring et to the floor show, traders here at the New York Stock Exchange and the cme group. I grabbed tim anderson because i really want to know which sector you truly believe is going to get us to that point. Right now were at 19,915. I think its going to be technology, and they have not been a leader since the election. But the last couple days youve had the transports and the financials, which both have very strong gains, pulling back just a touch which is certainly not unwarranted. And today you have google up 3 , amazon up 2 , microsoft trading at an alltime high which includes the prices from the tech internet bubble 16 years ago. And, of course, trump is meeting with a number of tech executives tomorrow. Liz and depending on the news, i think, tim, that could very well be it. Larry, to you at the cme. Is there a sector you believe is really going to be the engine for that last 8ing 0, you know, 85 points or so . Yeah. 85 points. You know, i think tim hit the nail on the held. I do think technology. But right behind it whats going to support it, i think, are going to be the banks. The banks are going to continue to benefit. Theres been a slight accumulation of the Banking Industry especially since the election with, we have the yield curve steepening, rates are staying stable if not going higher. Very attractive valuations compared to defensives, compared to, you know, quality names out there. When you think of jpmorgan, goldman sachs, i think theyll be closely behind technology in getting us above 20,000. Liz tim, when the Federal Reserve tightens rates, let me just explain that to people, that makes banks very happy, doesnt it . Sure it does. It makes the yield curve a little steeper, and theres no doubt that a rate hike is totally in the market, and very shortly thereafter theyll be talking about the likelihood of when the next rate hike will come, whether it would be march or not until june. Liz larry, whats a buy here . What looks really cheap . The metals and the miners have been hammered. I keep waiting to see silver go down to itself low, if you miss that floor and you see that, it makes you wonder do you go in and get some of these metals on a cheaper opportunity . You know, i think you do. But not yet. I still think theres room for, especially gold, silver, platinum, there is room for those to go lower. If i was to buy any of those, i would go after platinum or palladium just to play on the auto sector which i still think has two to three years of a run in it. So thats what i would wait for, yep. Liz palladium goes in catalytic converters to help them con relater. Kevin mccullough, in my old days at cnbc, taught me that. Great to see you. Thank you very much. Tim, larry. Were up about 121 points for the dow. We need to see another 86 or 87 points, 84 or 5, depending to see that dow 20,000 level. All right, if youre not watching countdown to the closing bell tomorrow, im sorry, you dont care enough about your money. You have to be with me tomorrow because the fed Rate Decision is coming out 2 p. M. Eastern, and then Janet Yellens comments. She has that hourlong News Conference. That starts at 2 30 p. M. It usually runs about 40 minutes and then, boom, we hit the ground running right here from the floor of the New York Stock Exchange for those final minutes there, and we shall see what happens, if market embraces what is priced in, most likely, as a tiny rate hike of about a quarter of a percent. To the corner of 56th and fifth, midtown manhattan, we are officially on trump lets see, caravan watch. As the president elect is preparing to leave on that leg of his thank you tour any moment now, jetting off from Laguardia Airport in his jet to west alice, wisconsin. This on the heels of trumps official certified victory in the state after the recount effort affirmed his win in last months president ial election. And its been another very busy day with the president elect billionaire businessman meeting with a variety of other billionaires and millionaires, visitors including secretary of state nominee Rex Tillerson. How about this . Keeping up with kanye. Rapper kanye west showing up at trump tower to meet with donald trump. And the richest man in the world, microsoft cofounder bill gates. All right, lets quickly take you uptown to the golden elevators where congress mcshane has a breakdown Connell Mcshane has a breakdown of the meetings. A flurry of activity, connell, really. Reporter really has been all day long, liz. The the Rex Tillerson news being made official as secretary of state pick, thats probably the biggest but, certainly, to your point, not the only story of the day. Some senators have said theyll have questions about mr. Tillersons ties to russia. Hes done so much business willover the years, thats likely to come up. But the other news story according to trump transition sources that the former texas governor, rick perry, will be the pick to be energy secretary. Mr. Trump is said to be quite impressed by mr. Perrys economic record while he was the governor of texas in particular with regard to the Energy Sector which drove a lot of the Economic Growth there. Now, in the midst of all that, to your point, a lot of activity. Some big football stars, the old football star jim brown as an example, was here earlier today, part of a group that met with mr. Trump on issues in the Africanamerican Community as im sure just about everybody has heard, kanye west came speeding through the lobby this morning and met with mr. Trump. Then the two of them came down together. Trump said theyre just old friends, so make of that what you will. As for the bill gates meeting, they talked according to mr. Gates about innovation among other things which is quite interesting. Just a day ahead of the big tech summit thatll be held here tomorrow. So all of those things are happening. But for all of those things that are happening, theres also some news in what is not happening this week, and its important, liz, to take note of that. The News Conference we were set to coffer on thursday about mr. Trumps Business Issues has been delayed, so therell be no questions answered this by the president elect about potential conflicts of interest n. A series of tweets, mr. Trump saying, quote i will be leaving my businesses before january 20th so i can focus full time on the presidency. Two of my children, don and eric, plus executives will manage them. No new deals during my term or terms in office. Take note of that, liz, two of my children. Don and eric mentioned. Ivanka not, leading to speculation that she may be headed to washington with mr. Trump. We dont know yet, but stay tuned for an update on that. Back to you downtown. Liz jim brown who played for the you know, he doesnt meet with anybody, connell. The last thing he did where he came out from the shadows, because he really doesnt do a lot, was a documentary called glickman about Marty Glickman, the famed sportscaster. Thats amazing that he showed up, its pretty incredible. Reporter it was a big deal for him to do that documentary. I knew Marty Glickman very well from back in college, so i remember that. They went to the premiere and everything else. He wasnt walking very well, but it was interesting to see, got so much attention on the street, hey, is that jim brown . One of the greats, maybe the greatest ever, right . Liz right. Who doesnt get out there and say, look at me, im great. And you know im a browns fan. Connell, great to see you. Reporter i know. [laughter] liz hes like, i know. Loser. [laughter] keep it here, right here as always on fox business for special coverage of Donald Trumps thank you tour and visit to wisconsin, because lou dobbs, as ive said, is really working the hour. 79 p. M. Eastern, by the way, his show is number one, the highest rated Business Network show. Youve got to watch lou, theres a reason for that. And then, of course, followed by kennedy, special time, 9 p. M. Eastern. Okay. Dow jones industrials up 120 points, we stand at 19,916 with about 47 minutes before closing bell rings. Take a look at boeing. Listen, this is interesting. Its done a bit of a reversal. Earlier it hilt an alltime hit an alltime high, it is sliding slightly, down just under half a percent at the moment. It is, even with that tiny loss, the biggest drag on the dow 30. It actually had some good news, its raising its dividend, buying back 14 billion in stock. Up next, to the viacom saga filled with more drama than an Office Christmas party. The paramount hit likely to help the bottom line in the short term for paramount which, of course, is part of viacom. But long term this Company Needs to hook up with somebody. Right . Wall street Journal Media reporter keith hagey joining us exclusively with what the redstones who control the company need to do next. Next on countdown. Dont go away. Liz breaking news, let me take you to washington d. C. President obama has just finished signing what many consider to be the moonshot bill. It is called the 21st century cures act. Billions of dollars for new research treatments. Heres what this is going to do. Its going to expand medical research about, depending on how you look at it, a 6. 3 billion bill over ten years, all kinds of health initiatives, hopefully eventual cures for cancer, alzheimers, theyre really trying to inspire companies and individuals to do research that gets them there. And then, of course, there is the drug addiction part of this where they are trying desperately hard to really move forward and get people off the opiates addiction. Weve had such an increase in overdose deaths, specifically in states like new hampshire, ohio, alabama. So so much the 21st century cures could very well cure that. President obama signing it just moments ago. I need to get to qwest diagnostics. If you pull it right up here, i just want you to look up here. The fact that its up a third of a percent, thats basically defying all odds. Shares hit a 52week high despite reporting a Third Party Data breach that affected Health Records of about 34,000 people. The Clinical Lab Testing company did say its notified customers and its currently investigating the breach. Boy, when you get to those breaches, they can really hurt a company. So what youre seeing with the fact that its fighting it speaks volumes about at least the strength of the company right now. Speaking of strength, look at cbs. We move over here to this part of the post. Cbs is moving higher, up nearly a percent right now. At this time yesterday cbs was actually falling two hours earlier yesterday, it had been at about a twoandahalf year high. So its been volatile, but right now its continuing to move higher. Its pretty significant. Viacom, though, the company where cbs basically said we dont want anything to do with viacom. Take a look at viacom. Its struggling to at least stay in the green at the moment. But the fact that its struggling speaks volumes about whats really going on with that company. Slightly recovering today after tanking in yesterdays trade on the news that cbs and a merger with it is now officially in the dust. Even s p credit analysts are questioning viacoms creditworthiness as a standalone company. Can viacom, without a merger, stand alone . I want to bring in keach hagey, and what youve been breaking here, lets get to that. When the ratings agencies, including moodys, who said, you know what . If they merge with cbs, well raise their credit rating. Since it didnt happen, theyre not doing that. Does viacom have to get to the altar with some company . The other thing that happened yesterday is bob backish became the permanent ceo of viacom, and he has made a strong case that they can survive as a standalone company. We havent heard publicly, so in january i think well all be listening for what thats going to be. Surely, there are a lot of people out there expecting viacom to look to bulk up in some way. Liz okay. So youve got to look at this and say this Company Needs to do something, you know . Their paramount unit, they had the office party movie, its done well, but it still hasnt done as well as what it should be doing. La la land, i mean, im wondering, keach, what is your reporting showing as to the type of company . I know you dont want to name names. Reuters is naming a whole bunch of names of european operations, but what type of company should viacom be looking at . Well, one of the things, bakishhas been spending the last decade overseas, so he understands the overseas market a lot better maybe than even some of his competitors, so i think its very smart to look at some of the big satellite players in europe. Also digital is going to be a big focus. Viacom wasnt really able to pull the trigger on a big digital acquisition in the last few years. A lot of people are sort of expecting it to do Something Like that pretty soon. Liz bob bakish is now the ceo. He took over from the interim ceo, tom duy, and then tom dewey. Im wondering if he is the guy. He was running the International Network and Media Properties like nickelodeon europe and mtv. Is he really the guy . Well, Shari Redstone certainly thinks that he is. Folks close to her have said that she was really incredibly impressed by his short, so far, ten