Of a headache for the Trump Administration with four gop senators still refusing from moving from nay to yea on health care bill. President trump says he will stump for the plan. White House Press Secretary sean spicer was much more optimisticically and thinks chances of passage are high. Democratic critics continuing to blast away at the senate labeling it as, quote, cruel, mean and even deadly. Congressman from california, actually agrees with those assessments and has one more big reason he says he blames the president. He will join us live in just a few moments and weve been warned over and over again that our nations lek call grid is vulnerable to hackers and now theres proof, russia shutting off the power in ukraine. Should we be even more worried or ramp up efforts and ceo has been sounding alarm for years and what the Trump Administration should do first. On wall street we have the dow and the s p struggling stay in the green. Dow is down about 15 points. The nasdaq aims to close the week higher in the back of technology and oil stocks. Right now better by 20 points. We are less than an hour to the closing bell. Glad that you are with me this friday. Lets start the countdown. Liz seven minutes and 35 seconds, tracking the rocket, the spacex rocket in cape canaveral, its right there. We have a life picture. We have been told ana maria systems are go and is holding a bunch of satellites from bulgaria. We will get to it the minute it takes off. In the meantime lets look at the markets. Tracking to the finish this friday. The dow falls more than 13 points today and right now we are down 22, it will be negative for the week snapping a fourweek long streak of gains. We have a tail of two fed heads, loretta says the fed must continue to raise rates albeit gradually while bullard the fed has to wait to see 2 . We are not at 2 , we are at 1. 5 . Lets look at walmart, might prove to be a spoiler, amazonwhole foods deal. Walmart down 1 . Jp morgan is putting it up and out, walmart is the only retailer with the financial muscle to make a better offer for whole foods plus anything to keep amazon out of wheel house. Whole foods has been trading above amazons offer of 42 a share. Whole foods at 43. 53 and amazon basically flat. Amazon could be eating into the food of distribution companies. The online retailer may look to start distributing food to independent restaurants, companies that already do so are cisco, u. S. Performance foods. The other two are trailing still down. 7 seconds, 6. 5. Let us go. Sorry about that. Breaking news. Tell me now. Okay. Weve got a fifth senator just breaking right now, a fifth gop senator dean heller moments ago from nevada came out against the Senate Health plan. We had four others including ted cruz and, of course, rand paul, dean heller is Holding Steady with them as nay. Another health care hiccup, of course. Critics pointing directly at a particular Campaign Promise he made multiple times on the campaign trail. I will not let anybody touch your Social Security and medicare or your medicaid, it wont be touched. Believe me. Liz here are some of the twitter chatter. Im reasonably sure trump wouldnt have reached 270 electoral votes if he openly campaigned on taking medicaid from 14 million people, from democratic congressman, John Geramendi who retweeted a may 15th tweet, quote, i was the first and only potential gop candidate to state there will be no cuts to Social Security, no cuts to medicare and medicaid, huckabee copied me. Huckabee meaning, of course, Mike Huckabee who at the time was also running against trump and a whole bunch of others for president. Four minutes away from the launch of that spacex rocket. We will pick it up but in the meantime John Geramendi has pretty much said hes against it and said that the broken promise is significant. John geramendi. Good to have you, thank you. Good to be with you. Governments rise and fall on the veracity of the truthfulness of the leader and you have a leader that you cannot depend upon his word. Liz hold on. Let me get in a question first. Sure. Liz obviously we knew you were skeptical with what the senate put forward. Is there anything in the bill that you could live with and i remind you and everybody else there are two holdovers from obamacare and that includes letting kids stay on plan till 26 which was popular . Sure, there are things in this bill that really Carry Forward from the obamacare, Affordable Care act. No doubt about it. What this bill really does you remember that half of the children in the United States are born with a Medicaid Insurance Program and we are looking at medicaid being cut by 800 billion. Thats 80 billion a year. Its going to have a huge effect on them. We look at he he elderly in the nursing homes. You also take a look at the disabled in the American Public nearly all are on medicaid, they are going to take a huge horrible vicious hit and the president s word apparently isnt worth, well, a three dollar bill. Liz hold on one second because the company from your state spacex run by elon musk is about to launch a rocket and then a second one within two days, two within two days. The falcon 9 rocket. Ly get your comments on it in a minute but we want to take the live shot at the moment. The falcon 9 rocket has flown to space before. Elon musks whole big thing was in essence reusing rockets. He wanted to be the walmart of rockets. You see that . A couple of them actually, what they will do enable real opportunity to improve hdtv. We are now just how many minutes away . We are a minute and 50 seconds away from this launch and just to tell you, it will follow stage separation once it deploys, that satellite and its landing on this is a real name, of course, i still love you drone shift which will be stationed in the atlantic ocean. Remember, it brings the payload up and it lands back down once the payload is into orbit. Lets listen in. As we just watched this, now there are nine seconds, 90 seconds, 90 seconds. So i just want to quickly tell you too, well, congressman geramendi as we wait for this give me your thought on forceful Company Going to the great beyond . This is really good news for the american taxpayer. We now have at least three competitors that we can go to for the United States satellite launching for military and other purposes. Its good news, if he can be successful as i think ryan wants to be successful, that will dramatically lower price of space launches. Its a very good thing. Liz 40 seconds, 39 seconds. You can see the Flight Computers have now taken control of the countdown and as we watch the knew spacex launch what is rather extraordinary about it is once it deploys the satellite, it will then turn around and attempt to land and theyve had a couple of successful landings for reusing the rocket and this rocket right now has been used before. Lets see how this launch goes off and lets listen in. Ten, nine, eight, seven, six, five, four, three, two, one. Copy. Falcon 9 is on its way to deliver bulgaria to orbit. 1. 7million pounds of thrust. We are coming up on mass cue, 1 minute and 18 seconds roughly. We will be passing plus maximum aerodynamic pressure. [cheers and applause] we just crossed through it. Over 20 kilometers over the surface of the earth. You can see expand at the base of the rockets. Indicative that we are leaving earths atmosphere. You just heard the call that the mother vacuum engine began chilling in. We are getting ready for three major evens, we will talk about all of three of them after they occur. Liz lz as we wait and we keep our eye on this, congressman geramendi, youre a member of the transportation committee. I remember going to california to see spacex in 2006, it was a single hanger with an open back and you had nasa and rockwell guys eating granola trying to make a rocket. Here we are more than ten years later watching actually work and this elon musks dream of putting together a reusable Rocket Company so that it wasnt as expensive as the 19 million. The russians were eating our lunch congressman. They were charging 13 million ten years ago. It will make us more competitive, correct . Its interesting to know that the rockets that are from ual has to use russian engines for those rockets. They havent been able to produce sufficient engines but here you have spacex and blue horizon who are producing rockets that are going to be reusable. Its going to dramatically lower the price. This is what competition can do instead of monopoly which we had more than a decade. This business of being able to reuse, that means bringing the first stage back to earth safely and landing it. Liz guess what, let me interrupt you. Rocket has just left the earths atmosphere and by the way, its going to land right back on earth on a platform in the ocean today. So fox business will take that to congressman, i know we jumped to the news and switched around but we appreciate you working with us on that. Im happy to do so but i feel very much like the white house corp. , i heard all the sound but i couldnt see the video. [laughter] liz oh, snap, good to see you congressman, again, we will be watching the Health Care Situation and i do hope that democrats continue to at least consider working with republicans to make a Quality Health care plan. We can do that. There are many things we can do but you cant start with this particularly piece of legislation. Thank you so much. Liz thank you very much. Hes right. Its jeff bezos of blue origin who is joining elon musk in the private space world. Closing bell. 45 minutes away. Bed bath beyond. Multiple closing targets in the aftermath. You can see that the home goods retailer is getting smacked down 11 . It was already down 27 year to date. This price 29. 74, thats a sevenyear low and its the biggest loser of the s p 500. Americas biggest bank pass the first round of stress tests. Remember yesterday they we were previewing it . They all passed. The Trump Administration got a free fooses deregulate the banks. Dow is down 29 points. But when family members forget, trust angies list to help. [ barks ] visit angieslist. Com today. Ive spent my life planting a sizesix, nonslip shoe into that door. On this side, i want my customers to relax and enjoy themselves. But these days its phones before forks. They want wifi out here. But behind that door, i need a private connection for my business. Wifi pro from comcast business. Public wifi for your customers. Private wifi for your business. Strong and secure. Good for a door. And a network. Comcast business. Built for security. Built for business. So we need tablets installed. With the menu app ready to roll. In 12 weeks. Yeah. The world of fast food is being changed by faster networks. Data, applications, customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Fast connections everywhere. Thats how you outmaneuver. Liz we need you to stop what youre doing right now and look at the financials because they are feeling snreses this final hour of trade even after the big banks like goldman, morgan stanley, bank of america and citi passed the first round of stress test yesterday. This round coming up will decide which banks can jack up their dividend payout and boost share buybacks. To the floor show and our traders. Morgan and goldman are down more than 2 , little bit further in red than the others, is there something that makes it look like a buy or do you see flow as they become more reasonable in price . Eventually we are going to get there. Right now we are dealing with russell rebound and in the financials we are going to see outflows out of that. Its a sell on news type thing. They were easily passed the first hurdle of the stress test. We will see what next week brings. Right now its a relief and more russell related than anything else. Liz phil flynn, oil has joked up the market this week because after tuesday it started to look really ugly and what did we have, we had oil well moving slightly higher today about twothirds of a percent in the aftermarket session. I think the hike was up 1 , down 15 year to date, down 20 since the highest reached in may and that put a damper on much of the market, what happens next week . Phil it really has and i will tell you why. One of the big stories about the u. S. Economy in recent years has been the rides of the u. S. Shell producers and at these price levels, liz, a lot of the shell producers cant make money. I dont care what youre hearing on the street, they can produce as much as 25, it isnt happening. Liz and i think the rig count jumped again. It only adds to the glut. Phil right. The problem is that the rig that is youre seeing being added today, they decided to put them in three months ago or two months ago when oil prices were 1520 higher and now they are having drillers regret, 50dollarbarrel oil, we need to drill as much oil as we possibly cannot realizing that the price might come down and even though they put drills on the ground they are not completing the wells. We are not getting as much production as you think. Month of june we are predict today produce a lot of oil, 100,000barrels, we are not close to that yet. Chris robinson, im fine with that lets broaden the discussion here when it comes to equities. Overall, you do have what i thought was significant, you have Loretta Mister of the cleveland fed saying, come on, guys, we are not in an emergency situation anymore. We need to raise albeit gradually rate hikes and a nonvoting members bullard of st. Louis that says, dont do it, inflation is too low. Which side investors are on . When youre talking about the tenyear yield going to 3 , we are above 2. So the market has already voted. Some guys are talking able possibly going to back julys low when the yield was 1 and a half. At tend of the day, i think the yields have been factored in but its interesting to see what the tenyear is telling you. So i think as long as people are chasing the yields, you will continue to see the equity supported the way we have. So i would just say, you know, if youre long equities, every weekend i go home with puts on because if we do have a correction it could be scary. Liz yeah, but maybe its a buying opportunity. I want all of you to just have a great weekend if you can. Its been a wild week. Thanks so much. That i can do. Liz be sure to tune to wall street week tonight, 8 00 p. M. Eastern, maria talks to former hewlettpackard ceo Carley Fiorina about everything from Health Care Reform to what we all want to hear about tax reform, politics and the trump economy and then stick around for the property man bob massey takes on a tour. Countdown coming right back. Welcome to holiday inn whether for big meetings or little getaways, there are always smiles ahead at holiday inn. Hit could be the next big thing i should totally get that domain name. Get your great idea online too. Get your domain today, and get. A free trial of gocentral from godaddy t. [cheers and applause] touchdown. Liz thats 19 minutes. So far so good. Its a subject assess. Space xrkts completed the safe land ght moments agent. A rocket it has already previously utilized for a totally different launt. This is the second run goingt on with the dream that elon musket had to bank account the walmart of rockets or the used car man of rockets as we said before. The ability to reuse parts in rocket as seen as the key to the future of human space ects plor agents to cut doesnt on the cotses and sniements zings liz let me go to jeff flock. I need to know how long refin ris oil closing 33. Jeff you can tell from the smoke out of there. They burn crude which is now trading at 32 a barrel. Theres a lot of crude out there and cheap crude and not enough demand. You mentioned 21 days in a row. We are down the 2. 27. We are heading lower as we speak and crude production in the u. S. Is just booming. Where is the sweet spot, liz, above 40 a barrel and afford to produce but low price but its not too low. So up 8. 8 in the past year crude production. If you look since fox business went on the air ten years ago, weve almost doubled crude production in the country. The other piece of it is demand. We are just not driving as much as possible thought. In fact, bank of america, Merrill Lynch put out a note today, we now doubt the demand growth will accelerate the current downward momentum for now so in answer to your question. I think we are going to see this for a while. Economy, they say is going sideways and we are not going to see increase in demand. This maybe here for a while. Two dollar gas. Who knew. Liz who knew . Jeff. Its hot out there. Jeff i admit it. Liz youre not sweating at all. Youre cute as a cucumber. Jeff i have people with umbrellas. Theres jason. [laughter] yea, jason, oh, well, you dont know him that well. Back to you. Liz thank you, jeff, very much. We have the closing bell ringing in about 28 minutes, bring him back. We are going to tell you who is demanding that the just ousted uber ceo come back and Silicon Valley bad boy elon musk, we have more on him in just a minute but, yeah, who is demanding that uber come back, the bad boys of the Silicon Valley are making ways, we will tell you about it coming up. Of course, we are watching the market. The dow is down 34 points. The master mind that was able to hack the grid in ukraine might be coming after us. Well, the ceo of excel energy is next to talk about why hes been just warning about this for years. Hes standing by on how close we are to getting hacked. Stay tune. Liberty mutual stood with me when this guy got a flat tire in the middle of the night. Hold on dad. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Will you be ready when the moment turns roma