Tour of the dreamliner 787, a passenger jet built in america by americans, his take no prisoners management style jumped out as he revealed something that no doubt has two Aerospace Giants in a vicious competitive battle for the governments business. Were getting henry revel on the horn of a jet stealth slugfest. The president s surprise News Conference yesterday filled with headlines. Most notably for the markets. Blake burman at the white house whether the markets will run out of patience waiting on the tax plan. On wall street, nothing patient about the nasdaq. It is on pace for a record close again as the markets head into a Holiday Weekend with gains for the week. Lets start the countdown. Were less than an hour to the closing bell this friday. Liz breaking news, japans softbank which owns sprint is saying its prepared to give up control of the Wireless Company to force a merger with tmobile. Reuters is reporting that sprint is willing to do this to retain Minority Stake in the merged companies. Both of the companies are jumping at the moment. Sprint moving higher 3. 5 . Tmobile 4 . Softbank is run by masayoshi son, he promised to bring thousands of jobs to the u. S. After meeting with President Trump. As you look at shares, stay on the story, keep our eye on it, there could be a merger between two serious rivals. Speaking of mergers. Your ben jerrys with a side of heinz ketchup not something you want to eat and unilever either. The consumer giant says no thanks to 143 billion takeover from kraft heinz claiming it undervalues the firm. The offer amounts to 50 bucks a share. Right now unilever is not there, 47. 96 that gives credence to unilever saying forget it. You need to come up on that. Kraft is saying in a statement it looks forward to coming to terms on the deal. Kraft heinz doing nicely, the biggest leader in the s p 500, up nearly 10 with unilever up 12 . Broader markets, mixed picture with the nasdaq jumping ahd but all three major indices on track for a gain of 1 for the week. Breaking right now, as we showed you, President Trump departing charleston, South Carolina after touring boeing. The president currently en route to palm beach where in just over 24 hours hell be holding a rally, kicking it back to campaignstyle trump. Kristen fisher is ahead of him, standing by in West Palm Beach florida with the latest. Kristen . Reporter hey there, liz, this brought together trumps top priorities, jobs, trade, taxes, less on imports and more on products that remain here in the United States, and what could be a better backdrop than boeings brand new 787 dreamliner. He told the workers that were gathered there, i will not disappoint you and you have a level Playing Field again. He had a message for american businesses, he said there will be a substantial penalty for companies who try to ship jobs overseas but hes going to try to help the companies out by lowering taxes and reducing what he describes as job killing regulations. Now at that boeing event today, you had a return to President Trump a return to candidate trump. You had the boeing event today. The epic press conference yesterday, and the big rally, billed as Campaign Rally in melbourne, florida, about two hours north of here, tomorrow morning, and you know these huge rallies were a hallmark of his campaign. We saw some of them, a little taste of it during the thank you tours during the transition. This will be his first big rally as president of the United States. Listen to how he characterized this trip yesterday during that press conference. Ill be in melbourne, florida, 5 00 on saturday, and i just heard that the crowds are massive want that to be there. Reporter and were expecting thousands of people to be there at that hangar in melbourne, florida. And after that, President Trump is going to be returning to winter white house, maralago. His third consecutive weekend spent at maralago, and one of the main things he is likely going to be doing this weekend is meeting with potential candidates to replace Michael Flynn for National Security adviser. And our john roberts spoke with a Senior Administration official and here are the candidates that are believed to be on the top of that short list. Youve got Lieutenant General keith kellogg, general david petraeus, general alexander general mcmaster. Just because we are here in beautiful florida. This is not a vacation, this say working weekend. Liz yes, as it appears most of the weekends have been. Kristen fisher, thank you very much. The Aerospace World was watching and listening and sat bolt upright when President Trump complaining about the exorbitant cost of fighter jets stood before the boeing passenger jet and dropped quite the verbal missile, listen. We are going to fully rebuild our military, by the way, do you care if we use the f18 Super Hornets . What do you think . [ applause ] well, thought that was a super hornet. [laughter] we are looking seriously at a big order. Liz okay, let us read between the lines there. Competitor Lockheed Martin currently has the military contract for the stealth f35 fighter jet, but what you just saw may start a huge competition for boeings super hornet to muscle in. Boeing getting the trump bounce on that. Up about a percent at the moment. It is by the way the biggest mover on the dow industrials today and hitting record high of 172. 35. For its part, Lockheed Martin is pulling back just a bit. Let us bring in howard rebel one of the Top Aerospace and Electronics Analysts and he joins us on the phone. Okay, howard, after that, a reporter was able to grab President Trump and ask him again to clarify. I want to play that for you. You got to listen closely because the microphone wasnt close. Again, he made it look like he was going to make the companies duke it out. Listen and well talk. Reporter [inaudible] negotiate. Never heard that said by a politician, the price is too high but were negotiating. Liz okay, there we have it. You have to tell me what you make of this . Is this the donald trump management style tloelg up a piece of meat and watching two competitors go after it . Its been an american tradition that theres competition in the fighter market, and the way things are going to play out, we are going to see a need for both f18s and f35s. Liz youre saying there is room for both. He did specifically say were looking at a big order of f18, thats the super hornet. Right now, youve got Lockheed Martin, the larger in order place for the f35, but it did sound, howard, hes been very unhappy with the highpriced cost overruns of the f35, that this almost puts them on notice. The point is you always want to have more than one fighter solution. The f18 for the navy is the right answer and, in fact, its been the right answer for the Electronic Warfare capability of the u. S. Military. It would not make sense to give that to a Stealth Fighter. Liz yeah, lets not sound naive here. We understand there are two very different components to both the jets, they are stealthily, but the f35 does one thing, the f18 does another. They have a different way of landing on aircraft carriers, et cetera. The chinese and the russians are working to develop low frequency that would track stealth jets does, one evade other the best you understand . The reality is stealth isnt what its cracked up to be. If you look at the range in payload, the f18 beats the f35 hands down. Liz howard, if you had to pick between the two stocks, Lockheed Martin and boeing, is there one that goes ahead . Weve had lockheed outperforming boeing over the past year. We had lockheed as a buy and boeing as a hold, and weve been very clear that weve had some concerns about the f35. So i would say, what the president is saying is reinforcing our point of view. Liz very interesting, were calling it the Stealth Fighter slugfest. Howard, we appreciate you getting on the phone with us. Thank you. Liz any time. Short at your own peril. That is the tough lesson one fund learned after losing a stunning 600 million putting bearish bets on the market. Folks its the topic du jour, catalyst hedge future strategy plunged 5 after bearish bets were undone by the s p 500s stubborn and repetitive run to fresh cords. This is a tough market to navigate. How do you invest your money without landing on a land mine. Right to the floor show, tim anderson, look, it happens to the best of funds, but certainly this fund kept thinking that the donald trump buy was going to fall out and it hasnt yet. No, it hasnt yet, though some people may start to be concerned about valuation levels of the market, theres no doubt that the technical underpinnings much the market are still very, very solid and improving almost every week. Were going to the fourth consecutive week of weekly alltime highs for the nasdaq and s p and have a weekly alltime high, three of the last four weeks for the dow jones. Theres no doubt we may get a pullback at any point in time. Have a little pause, a consolidation, seeing a little of that the last couple of days, but the technical strength underneath the market remains solid. Liz chris, smart investors always ask, okay, what could go wrong . Anticipate that. And does the pressure, the longer we go without a modest correction, were down 38 points for the dow. The longer we go does the pressure build up on the San Andreas Fault and you have a earthquake . Yeah, as we move without a correction, more and more people will continue to try and make these bets and they lose money. They reload, reload. The correction will come when so many people are tired of selling it. They dont have the hedge or short on, then theyll get a move. Typically anything less than 5 is considered noise. 5 with the dow at 20,000 is a thousand points. We could have a big move and still have it not be that significant percentagewise. Liz were going into a Holiday Weekend, jeff. A lot of people drive. Ill be driving. Driving to the great state of vermont. Boy, gasoline is cheaper again today. U. S. Consumption is down, and were looking right now at storage levels for gasoline, the highest glut in 27 years. So maybe if were talking about short at your own peril. That might be the place to short. Im not with you on that, to tell you the truth. Im friendly to the market. Its been a buy on dips for the last several monthses a well know. Liz worst glut in 27 years and youre still in this . No, no, no, im just at this point, put it this way, theres a lot of talk. Youre with the majority here, but i still think this market has a little bit more on the upside. The high 50s is feasible within the next month or two. Granted to speak about the stock market like you were before, it always happens, whenever everyone gives up on selling something, thats when the move will happen. If you wanted to load up on cheap s p puts down the road, you might get a nice reward in the next couple of weeks. Liz i hope all of you drive carefully wherever you are going. Thank you for joining us on a friday. Tim, chris and jeff. Thanks a lot. Liz any time. Closing bell, 46 minutes away. United health is turning out to be the biggest drag on the dow 30 after this news. Department of justice suing it for overcharging medicare. Yes, apparently there is a whistle blower from inside the company that says United Health has defrauded medicare, they ardefending themselves but the stock has been up over 42 the last year. Today it is down. And verizon jumping. Verizon is the one telecom that everybody is watching along with, look, tmobile and sprint and that breaking news. Were going to see if this part of a merger maybe weakens. Were watching that and more. Campbells soup, they need to eat their carrots, it was carrots killing their quarterly sales. The worlds biggest soup maker brought down partly by a premature carrot harvest. Campbells fresh food business down 8 . Biggest intraday percentage loss in eight years. Down 6. 5 right at this very second. Thats a loss of four bucks. Up next, former fbi chair sheila baer telling me she thinks doddfrank did go too far. Shell tell you which areas needlessly hurt the small bankers . Weve got the medium small banker with his pulse on washington and the entire sector. Scott shea from signature bank, its a fox business exclusive. Hes coming up next on countdown. Just like the people who own them, every business is different. But every one of those businesses will need legal help as they age and grow. Whether it be with customer contracts, agreements to lease a space or protecting your work. Legalzooms network of attorneys can help you, every step of the way. So you can focus on what you do and well handle the legal stuff that comes up along the way. Legalzoom. Legal help is here. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claims centers are available to assist you 24 7. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. I do think simplification could ease reg burden on the Smaller Banks which were not drivers of the crisis to begin with, and at the same time make the rules more effective. Liz thats former fdic chair sheila bair on wall street week tonight at 8 00 p. M. Eastern, i am hosting with Gary Kaminsky. Shes fine with removing some of that load off the small and regional and Community Banks of the onerous rules. Lets see what the chairman of midsize Bank Signature bank says. You guys got swept up into this regulatory nightmare as well, did you not . We did, and especially being a midsize bank, many of the rules that were applicable to jpmorgan and citibank were thrown upon us. Liz which is really ridiculous. Its funny, the road to hell is paved with good intentions, doddfrank intentions were lets never have the crisis happen again. With one size fits all, you were swept in and ensnared. Whats the worst part of the ensnarement . First of all, everybody involved in crafting doddfrank, all the democrats in the house and the senate side as well, thought there would be a second bite at the apple. They knew there were mistakes and thought they would fix it. What happened was senator kennedy passed away and the law became fossilized. No changes could be made. Nobody in the world thought that a 50 billion bank ought to be regulated with the burdensome regulations with the International Bank like a jpmorgan. Liz be clear, 50 billion for viewers, once the bank hits that, you are considered systemically possibly dangerous, you are held to bigger rules. I can only imagine that disincentivizes you to grow your bank to something bigger because you dont want to hit the threshold. Tell me, you just came from washington, d. C. Yesterday. Donald trump would like to help get rid of some of these regulations, how hopeful are you after talking to people, and i understand you got to talk to his big economics guy gary cohn. I would say the Trump Administration is supportive of lowering the barriers. They recognize that it doesnt make any sense to have midsize banks like ourselves not be able to make loans to small and medium size business. Were a 40 billion bank about but our average loan size is 5 million. Were lending money to job creators, not doing multibillion Dollar International facility. I think its important, and i think the administration, and i think theres a bipartisan consensus, i dont think its even a republican or democratic divide anymore that we need to make midsize banks able to lend. Liz right, as i understand it, some had asked for 500 billion being the threshold but the democrats would be okay with 200 billion or republicans, vice versa. Liz theres a great deal of debate what the number is. I would say everybody on all sides of the aisle would agree with 125. Liz youre happy that President Trump is shining the spotlight on this and it will help you, and heres why it matters, folks, these guys, the small banks, the midsize, the communities, youre lending to the small businesses, to the farmers, right . We dont lend to a lot of farmers being in midtown manhattan. Liz your compatriots to first time homebuyers . Yes. Liz how much are you lending . Our small and medium size lending has grown by hundreds of millions of dollars a quarter. But the issue is, again, what happens when banks hit the 50 billion . If youre a big bank, youre thrilled that theres a 50 billion dollar barrier because you removed us as competition. The best thing that happened to big banks and doddfrank is saying a 50 billion bank like ourselves were a 40 billion bank. Were not systemic to the fourblock radius where were sitting. Liz barney frank of doddfrank sits on your board. Are you mad at him . Why am i mad at him . Barney frank is one of the smartest guys youd ever want to meet. Liz they didnt get this right. They thought there was going to be an opportunity to do fixes and that never happened. Liz well, listen, thank you very much. Good to see you, scott shea of signature bank. See if we get movement out of the administration. Looks like so far, please make sure to watch wall street week, Gary Kaminsky and i, no