Of course, it was his first meeting with a foreign leader and following a News Conference where it appeared that she put words in his mouth about nato, and he didnt disagree. We also have trump working the phones. In a surprise revelation, he and mexicos president chew the fat over the land lines for a full hour. Russias president Vladimir Putin gets on the horn with him tomorrow. Do these three priorities mexico, russia and the u. K. , put euro land out in a bit of a chill or the cold . European Union Ambassador to the United States david o sullan in a fox business exclusive is here. Were going to ask is ask him about that. And Lieutenant Colonel ralph peters gives us the threat analysis on the most important phone call mr. Trump has to make in his presidency. On wall street in this final hour, were going to see if markets lock in gains for this historic week. While down 15 on the dow, what else do you see . Holding above 20,000. Energy and earnings are keeping the bears and the bulls on the warpath. Were less than an hour til the closing bell on this friday. Lets start the countdown. Liz to the breaking news, it may be 3 02 p. M. Eastern on friday, but if you care about your money and big moves happening second by second in washington, d. C. , youve got to be with the claman countdown. Todo list is far from over. President trump is gearing up to depart for the pentagon at any moment now for this joint chiefs of staff meeting. And what a week for the history books. A week of many firsts. Donald trumps first full week in the white house, his very first meeting of a foreign leader and, of course, there i am in the green with my dow 20,000 hat. First it was covered, then i writtenned the duct tape off ripped the duct tape off because at was the first time we clos at dow 2000. Now, with just 57 minutes to go, were keeping a hawkeye on stocks. Will they end this week in the green . All three major indices, yes, two of them are down, the dow lower by 15, the s p losing 3, the nasdaq up just under 2, but theyre on track still for a 1 weekly gain. Ive got to tell you, if this weeks has taught us anything, its that things can change this just a heartbeat. So youve got to stay with me. Investors skipping Retail Therapy at this hour a day after hitting an intraday record high. S p 500 retail indexes on track for its largest daily percentage drop this year. Largest daily percentage drop. So lets check out some of the names that as individuals, you may hold some of them. Not a pretty picture especially for sears. By the way, that is an alltime record low it touched today. Jacques penny. Did you get that . Otherwise known as jc pen think, down 5. 25 . Kohls, nordstrom, macys, one possible reason, Donald Trumps border tax anxiety as analysts wondering when the margins will be squeezed. Apparel crosses the borders more than just about anything. We are awaiting live pictures of rumps motorcade which do be of President Trumps motorcade where the president will partake in the ceremonial swearing in of secretary of defense general mattis. Heres a picture right now. What is this . Okay. What an exciting shot. [laughter] one of the parking lots at the pentagon, of course. Again, hes going to meet with the joint chiefs of staff. Theres some good parking spaces. You see the green cone . Thats for Donald Trumps car. Im kidding, i dont know. [laughter] somebody got a good parking space. Listen, its been a very busy day leading up to this for the president as the joint News Conference with british Prime Minister theresa may just wrapped up a short while ago, and you know what you were seeing revealed there . Theyre more alike than they are different. Both rode theaway of antiestablishment voters, today vowing to Work Together whether its on trade or defeating isis. This as white house officials confirm that President Trump and president nieto of mexico spoke around 9 30 this morning not for 20 minutes, not for 14 minutes, for an hour amid all the tension we saw bubble up yesterday. Finish fox business blake burman with the details on all this breaking news. Reporter so there were a lot of firsts here, liz. First press conference for President Trump, the first bilateral meeting with the Prime Minister may from the United Kingdom. Thus, it was the First Press Conference he had alongside another foreign leader, and lots of headlines with it. Talks about trade between the United States and the u. K. , an invitation for President Trump to go overseas as well, headlines as it deals with russia, china, Foreign Policy and wind. I think you can see, our umbrella just went down. But clearly, the big question overhanging the white house at this point is the situation with mexico. The meeting that was canceled next week, and now i the white house is trying to pull this back a little bit. They put out a statement a little while ago saying that the president and his counterpart from mexico had talked for over an hour. The president had talked about this at his news, at the press conference, saying that he hopes to have a Good Relationship with mexico. And the president described it as a cordial conversation that he had. Listen. As you though, mexico as you know, mexico with the United States has outnegotiated us and beat us to a pulp through our past leaders. Theyve made us look foolish. We have a trade deficit of 60 billion with mexico. On top of that, the border is soft and weak, drugs are pouring in, and im not going to let that happen. Reporter meantime, liz, the president set to leave the white house here any moment now. We believe in the next 15 minutes or so. He will then make his way over to to the pentagon, meet with the joint chiefs of staff. After that he will swear in james mattis and then sign the executive orders of the day dealing with extreme vetting, one of them, and also military readiness. You talked about the parking lot as well liz yeah. Reporter it is massive over there, liz. Im sure he has a nice space. Did you see the umbrella fall in our live shot . Liz i did. I dont know if we can rerack that. [laughter] reporter heres a little secret, that was from our friends at cnbc. Shh. Liz oh, my sympathies. Reporter fell in our live shot. Liz well, its not the only thick falling over there finish thing falling over there. Ratings. [laughter] blake, you arrived with the team just at the point we really started to take over. Were going to show you some stunning numbers later in the show of what happened on dow 20,000 day. You guys came to us, you didnt go to the other guys who have been in business about 900 years longer than we have. Blake, thank you very much. Reporter you got it. Liz to the markets, i need to pull up Colgate Colgate palmoli. S it is plummeting at the moment. Some negative impact. And, remember, they do an inordinate amount of business overseas, and whether they sell a lott to south america or a lot to europe, all of those things colgate toothpaste, you name it will there be border taxes . At the moment falling about 5. 5 . But to the markets and what a week for the history books. You know, we had so much fun here ott countdown first watching the dow surge past the his or to havic 20,000 level on wednesday. It was such a week to remember. But then we closed there. So lets spin it forward to what perhaps might be the host important aspect for your money next week. To the floor show, traders at the new york stock exchange, c america e group and the nymex. Gentlemen, tell our viewers what will move the needle on the markets next week. Matt, you first. We had some big earnings today from large companies, didnt really affect the market. The markets kind of ambivalent liz how about next week . Next week were going to Start Talking about what the feds going to be talking about, earnings are going to continue, so were going to start focusing on the think economy and not what Donald Trumps doing every single day. Hes promised a lot, hes going to deliver eventually, but not today, tomorrow or next week. Liz you know, chris, why we have been focusing so much on every single thing donald trump does, even if people who are watching did not vote for him . Its moving the markets for better or for worse. You are seeing defense stocks, yesterday on Sean Hannitys show on fox news he said that, yes, while he wants to ramp up spending for defense be, he wants to abe less for things like pay less for things like submarines. Even so, General Dynamics is jumping. Were going to look at that later. I just wonder at which point do we start to focus more on the earnings . Because in the end, that and the fed in the past have been the real drivers. Yeah. I think that as we go, remember, theres three more Business Days in the month, so next week how we finish the month is very, very important. I think we need to have the dow settle above 20,000. The other thing to watch, gotta watch the u. S. Dollar, and youve got to watch gold. Look at the volatility weve had in gold. In the first month, gold rallied 100, in the last four days it dropped 40. Thats something i think everybody out there should keep an eye on. Liz and how about Fourth Quarter gdp . Folks, where is domestic product gross breastic domestic product came in. I dont want anybodys eyes to glade over here, but a lot had to do with soybeans because in the Third Quarter we sold a ton of soybeans to south america, specifically argentina and brazil. That really skewed to the upside a great Third Quarter gdp number, but then it kind of died down. Alan . Um, right now, well, with soybeans im not following that as much as i am crude oil. Crude oil is what im looking at, and what i see right now is its been range bound for about a month, and after that i think were going to see a breakout to. So im waiting for that. On the downside, 48. 5, we break that, were going to see much lower. 575, we break that, i think were going to see much higher 57. 5. The nonopec people like the u. S. Players who can produce oil and they are and theyre producing quite a bit, were an oversupplied market, so right now im watching very closely. Weve been held in a tight, narrow range for too long. Liz and look at the rig count today, up another 15. By the way, last week we saw the biggest spike can you put the count up again, everybody . We saw the biggest spike in four years on rig counts, and it means more u. S. Production here. From opec to the u. S. At the moment. Maybe we can start running cars on soybean oil. [laughter] poor alans like, i dont look at soybeans. [laughter] ill start following it. Liz great to see all of you, thank you so much. Wall street week, Gary Kaminsky and mara maria were talking about dow 20,000 in the rearview and what, of course, is important to look for next week. Wall street week airs tonight, 8 p. M. Eastern. Closing bell, were 48 minutes away. Chevron, the biggest laggard on the dow 30. Chevron missed the Fourth Quarter profits estimate, so it is way at the bottom there, down about 2. 93. Well, from the Transpacific Partnership to mexico to britain, its trade deals gone rogue. Donald trump and theresa may reinforcing that socalled, quote, special relationship the United Kingdom has with the u. S. I think its more they desperately need each other. In their first joint press conference, will this new generation of leadership bent on upending trade policy maybe speed up the crumbling of the European Union . The e. U. s ambassador to the u. S. Is going to tackle that question. Countdown coming right back. The dow is down 19. Still, though, 81 points above dow 20,000. Rodney and his new business. He teaches lessons to stanley. And thats kind of it right now. But rodney knew just what to do. He got quickbooks. It organizes all his accounts, so he knows where he stands in an instant. Ahhh. Thats a profit. Which gave him the idea to spend a little cash on some brilliant marketing ha, clever. Wow, look at all these new students way to grow, rodney know where you stand instantly. Visit quickbooks. Com. Liz we do have some action here. Moments ago we saw a little pomp and circumstance at the pentagon. This is leading in to the president who is expected to arrive within at least the next, we think, 20, 25 minutes to not only meet with the joint chiefs of staff, but also attend the swearing in of general james mattis as secretary of defense. So this happening just a few moments ago. The green cone, i did notice, is still this in the parking lot in the parking lot holding Donald Trumps parking spot. [laughter] all right. Were keeping an eye on that. In the meantime, it has been a historic day in washington d. C. President trump and u. K. Prime minister theresa may just wrapping up their press conference, and both nations seem to be standing at a precipice. Thump trump and may forging new trade agreements and putting the key bourne on others. In turn other nations appear to maybe starting to go rogue. Spain, not in keeping with e. U. Standards, apparently is making noises about wanting to make its own deal with the u. K. After brexit as soon as possible, italy and france some of the other names considering their own exits from the e. U. Remember frexit or italeave . [laughter] how will the European Union hold its alliance together. Somebody says he will do it with the team there, David Osullivan is ambassador to the u. S. , in a fox business exclusive. Welcome, ambassador. Thank you. Liz it sure looks like a lot of side deals being struck, but not certainly these broader regional deals. Does that forebode negative things for the eurozone . No, not in the slightest. I think the European Union negotiating as a single negotiates as a single trading bloc. By the way, were the single biggest export market for the United States, were the biggest destination for your Foreign Direct Investment as, by the way, we are the largest source of Foreign Direct Investment in the United States. We see great advantages in negotiating as a single bloc, and by the way, for american companies, they get access to a single market. And if we were to have 28 separate national regimes, this would actually be a nightmare for americ business. But i think europeans so see that benefit. Were actively engaged in negotiations with canada, japan, with countries in the asianpacific area. So i think and, by the way, were upgrading our Free Trade Agreement with mexico which goes back a would couple of years. So European Union trade policy is alive and well and operating as an integrated bloc. Liz tell me if im looking too deeply into this, but it looks like there are going to be yawning voids if donald trump has an argument with mexico, it looks like the European Union says, oh, let us shift in there. China says, oh, the u. S. Is out of tpp, let us shift in there in almost lightning speed. But youve also got these elections in europe, and thats why i come back to the European Union and that bloc. Ang ma merkels Angela Merkels deputy said the union could break apart. He says theyre enemies of europe, hostilities to europe have reached dangerous levelses. So as were queening an eye on whats going on keeping an eye on whats going on here in the pentagon, how do you feel when spain says lets begin trade talks with the u. K. And were sympathetic with britains request to exit and renegotiate deals at the same time . Well, i think you have to distinguish between two things. One is the future negotiation with the United Kingdom. Once they have formally notified us of their intention to leave, which has not yet happened, where we will have to negotiate the exit and then a new relationship of some kind. And thats a separate process which will start once the British Government formally notifies its intention to leaf. And, of course, all our Member States have an interest this that happening as smoothly and as expeditiously as possible. The other issue is the European Union still at 28 until the u. K. Leaves, but at 27 if and when they leave, wishing to be an active force for trade liberalization globally. We are, indeed, negotiating, as ive said, with many, many other countries. We will continue with that. I dont think its a question of stepping in to fill a vacuum. Weve had an fta with mexico going back 10, 15 years, we simply are discussing how we would upgrade that to be a more modern, 21st century trade deal. Liz viewers, youre looking at general9 mattis right now awaiting president donald trump. And, again, there is the parking lot. Theres still a few spaces open. The green cone is to the right. You cant really see it, but its holding his space, i promise you. In the meantime, ambassador, lets talk a little bit about nato. There was a pretty interesting moment where Angela Merkel said nato, were 100 behind nato, so is donald trump who is now arriving, as you can see, with this motorcade. Your quick thought on nato and maintaining