Riots are engaging in handtohand combat with police. The concert just wrapping up right now. It was the handshake heard around the world. President trumps First Encounter with russian president Vladimir Putin yields the promise of a agreed upon ceasefire in southern syria. The two leaders spent more than two hours huddling together on the sidelines in the g20 summit in germany. But the backdrop the protesters disrupting the summit as violence injure dozens of police and keep g20 participants, including First Lady Melania Trump on lock down. Has our blake berm also on lock down. Hes there live in hamburg with up to the minute details on the protests and the behind closeddoor meetings with Vladimir Putin. Fox news strategic analyst Lieutenant Colonel ralph peters deciphers that body language between trump and putin and what he thinks that handshake really yielded. And as you see on your screen, one of these three is trying to conquer the world. Facebook, apple, amazon, facebook . Which one . We also have netflix in there trying to conquer the world. Media guru here in a fox business exclusive to gain the name and its chances of squashing the rest of them. On wall street, markets bathing in green but off the highs of the session, on track still, though, for weekly gains after a blockbuster june jobs report. Were less than an hour to the closing bell. Happy friday. Lets start the countdown. Here we go. Looking at the Dow Jones Industrials, we were up 110, the short trading week looks like a winner with anyone long stocks at the moment. Look at the s p, its gaining about 15 points, that too is off the highs of the session. Its a quarter of a percent gain, though, and weve got the nasdaq better by a full percentage point. The dow, nasdaq, and s p are right there. On track for weekly gains. But, folks, the real show stopper here, the transports after hitting an all time intraday high earlier, that index is hitting a record close for the third time this week. It is up 117 points at 9,693. So whats really powering that . Weve got the airlines, the railroads boosting higher. Delta and southwest Ticker Symbol love. We love that all hitting alltime highs. Technology, and social media swimming strongly in a oceanside of green after gains and losses. Tech giants right now all higher as youve seen we also have Alphabet Google moving higher, apple better by about 1 but look at netflix. Better by two and twothirds. Again, though, were thinking about another name here. Netflix and amazon, okay. Well, you think theres a war between this two for the title of king of original programming, wait until you hear what facebook is doing to take on hollywood. Consultant and all around media genius michael wolf weighing in on all things tech. Thats straight ahead. And one Iconic American Department store is bucking under pressure. Series extending its steady drip of store closures announcing today and the past couple of hours this is very upsetting for anybody who works in retail. Its going to plan to shutter another 35 kmart locations and eight sears stores. These are all names, all locations that are unprofitable, according to sears. Shares of sears right now down two and twothirds percent. To this International Situation right now. We have moments after President Trumps highly anticipated meeting with russian president Vladimir Putin. Secretary of state Rex Tillerson held a briefing assuring the American Public that potential russian hacking of the 2016 president election was topic number one when everybody got together. Actually, its not everybody. It was just six people. Two translators, the two president s, and the two secretaries of state. What was discussed during the World Leaders meeting . Explaining it did not do it. It did not hack the election. But did it medal . The word medaling wasnt really used. So if youre splitting hairs on words, you can say, well, we didnt specifically have our hand in hacking. But, again, they didnt say they had medalled. Even asking for proof of election medaling, they said we didnt do it. Give us proof. This is not north korea but syria dominated the conversation showing the very first indication that the u. S. And russia are working together. Fox business blake burman live in hamburg, germany. Weve got a lot to tackle here, blake. First, i need you to tell us the situation on the ground there with all of the riots, and then i need you to lets know what happened to syria and theres now a ceasefire. Well, as we have seen throughout the day here in amberg, which is a large, vast city. There have been protests occurring throughout the city here on this initial day of the g20 summit. However, where we are right now, liz, we cant really see any protests. Thats not unusual. As these protesters come in waves. They are often here for a couple of minutes, they move on and go out to the next spot and make their loop. We had to bring our camera here to inside, though. Were on the second floor because where we are, rocks were thrown at the building. Several of the windows were shattered, and that was kind of our tipping point, liz, our breaking point where we said we have to go indoors, and thats where we are now as police are on the streets here. And so are the protesters. As far as the politics of all of this, of course, the focus on this day has been the major meeting between President Trump and the russian president Vladimir Putin. The white house and the lead up to this would not say what the agenda was going to be. They said whatever President Trump wanted to talk about. He would talk about. And now we know what the very first issue was that he brought up. As you mentioned, it was russian medaling into the 2016 election. The secretary of state Rex Tillerson was one of just six people, one of four officials inside that meeting and here is how he recalled it as President Trump brought it up earlier this afternoon. The president pressed president putin on more than one occasion regarding russia involvement. President putin denied such involvement, as i think he has in the past. The two leaders agree, though, that this is a substantial hinderance and the ability of us to move the russian u. S. Relationship forward. Now, tillerson did say the meeting between the two was very constructive. There was also Good Chemistry between President Trump and Vladimir Putin. Interestingly enough, liz, this was on the schedule supposed to last for 30 minutes. It ended up going about 130 minutes. Just a little north of two hours. And tillerson revealed in that briefing to reporters here in hamburg that at one point in the middle of it, melania trump, the first lady was summoned to go into the room to kind of break things up. And that apparently didnt work because putin, trump, tillerson, lavrov ended up talking for an additional hour after that. By the way, the other piece of news coming out of this meeting as you mention the ceasefire that was brokered in southwest syria, that brokered by the United States jordan and russia. Liz. Liz its quite fascinating to see. Its supposed to kick into effect on sunday. Well see if this truly holds. Blake, thank you very much. Back in the u. S. , hiring turns up the heat in june. Did you see this . The june jobs report shows that the u. S. Economy added 222,000 new jobs far exceeding expectations and marking 81 consecutive months of job creation. But reading between the lines, the rosy headlines wage gain still remain below prerecession levels and historically large share of americans have opted out of the workforce. So whats the real employment picture here . To the floor show and traders of the New York Stock Exchange and the cme group and also joining us wells fargo senior economist mark. Ill start with you, mark. Because, to me, on the surface, it looks great. And then when you dig deeper, it still looks pretty good because a number of hours worked also moved higher. I mean, wages may not have jumped as high as expected, but theyre still up twotenths of a percent. So what should people glean from this . Well, i think first off, the headline number was spectacular. 222,000 new jobs. Revision to the two previous months. Not only did we add a lot of jobs, but the job gains were broadbased. They were in high skill positions. We also saw entrylevel positions and leisure hospitality. So it was a very broad mix of jobs that were created during the month. And as you noted, hours worked increase. The average workweek increased. So even the wages didnt go up that much, total takehome pay continues to grow at a pretty solid rate. Really, 4. 5 to 5 annual rate. Liz what i also like is that the revised rather significant for a total of 140,000. So that is a good sign. Let me see how this is affecting the trading on the floor here. Tim anderson, where did the money start to flow when we popped at the opening of the session . Pretty much everywhere other than maybe oil and energy, which is coming off the recent rally that theyve had. And then certainly, the transport poised to make a new closing high tonight and with the dow only about 100 points from a new high is a totally different scenario that we had two days ago where the chatter was maybe were going to have a significant correction to start the Second Quarter if we break one or two up trend lines here. So the market just has an amazingly different field than it did on the first full day of the Third Quarter. Liz chris, at the cme, what do you think is the difference today . Because we now have really three great months strung together, tacked on to more than a couple of years of job bills under president obama. So now President Trump takes that baton, its getting stronger, at least it looks that way. And so what pops out at you . I know volatility is dropping today after a pretty big spike yesterday. But what else . Well, i think if you look at the big picture, look at how much the bond, the bond futures form a tenyear future, its really going to correct it. And thats going to continue to be the issue moving forward. Whats it going to do . And i think that everybody has been talking a lot about the yield on the s p versus the yield on the tenyear. Its right there at critical intersection. Where now people are wondering is there going to be more money going back into bonds . So i think the next half of the year, thats going to be the big decision. You still have people chasing yield, therefore you still have money running into the stock market. When that happens, were always set up for some sort of correction. And a lot of people that have been caught for corrections now, theyre like the boy that cries wolf. For a year, two years. Usually when you hear nobody talking about a correction, thats in my experience. So that would be my concern. But i would continue to watch the tenyear yield. Its going to be talking about moving forward. Liz mark, quickly. The new York Federal Reserve upped its forecast for the Third Quartered. A fancy way of saying with he may grow a little bit more strongly. Do you agree with that . They, i believe, are calling for when it comes to the Third Quarter about 1. 78 which what had been 1. 6 . Yeah. We get growth a little bit stronger than that. Were at 2. 2 in the Second Quarter. Third quarter were up two and a half. Thats pretty good, considering that the labor force is growing about less than 1 a year. We dont have layoff productivity. Thats about twice what our potential growth rate is. Which means the Unemployment Rate will continue to come down. Liz great to see all of you. Have a great weekend. Good to see you. All right. Dont forget to watch wall street week tonight. Maria talks to Templeton Emerging Markets and billionaire investor mark. Specifically about how north korea could affect the markets. Health care reform, and the trump economy. Thats 8 00 p. M. Eastern right here on fox business and then again ill say it. One of my favorites. The property man. Bob massie talking about how drones are reshaping the real estate market. 8 30 p. M. Eastern only on fox business. I have to ask you guys. What is your favorite thing on the menu at mcdonalds . Well, it better be the stock because right now, the stock is looking very, very good with about 47 minutes until the closing bell rings, investors are loving mcdonalds. The biggest leader on the dow 30 heat map. Its at 155. 97. Mcdonalds hitting a new record high up more than 25 this year. And, yes, my favorite, is the hot apple pie that says caution, filling is hot. The illinois budget, is it hot or a little cold and chilly . Its more than just a political hazard. We show you the safety scare in springfield during this hour yesterday where somebody shoved white powder into the governors office. But today, there was finally a budget, yet the fiscal mess is far from being cleaned up. Jeff flock with the latest next on countdown. Liz the road to recovery has begun in illinois. Literally, the road. With a budget deal finally locked down, work crews have been given the green light to start work on half the states road projects, which have been sitting idle. And then the rest of these projects will kick off next week. And for those of you lucky enough to live in illinois, you can now buy powerball and megamillion tickets again according to the states lottery system, they had shut it all down. No money. But now apparently with this budget, they have some money. But will it be enough to end the fiscal woes in the land of lincoln. Youre shaking your head . What the no, it wont. We bought a little time, liz yesterday, and there was a lot of drama, as you know, around that. Right during your hour yesterday. We had the guys in the hazmat suits. An apt metaphor, perhaps for trying to cleanup illinois budget mess. It was white powder that turned out to be powder. Not poison. But the pill was swallowed by the legislatures. I want to show you how the bill came down because a lot of people saying how many republicans are going to break with the governor and vote for the democrats for the tax increase . Heres how it broke down. 15 republicans broke with the governor when they first had to consider the bill. But on the override, only ten. They lost five of them. So that meant they got the magic number of 71. Totally of six democrats, ten republicans, so they got to the number that they had to get to for the override. What does that mean . It means the Corporate Tax increases to 7 from 5. 25 and the personal income tax up now to 4. 95 . What does that really mean in real dollars . Well, if you make 50,000, and you have a couple kids, its about 33 a month. Now, that doesnt sound like much. But take a look at how this shakes out. Illinois policy institute with a calculator shows if you made 100,000, youre going to pay another 1,000 in taxes. 150,000, its about 1700 extra. If you make 300,000, its going to cost you 3,500 extra dollars a year. All told about 5 billion. Will this be enough to save off a credit downgrade by the ratings agencies . Well, not necessarily. I think we bought some time here, liz. Heres what they had to say about what this package means. The plan lacks concrete measures that will improve illinois longterm capacity to deal with its unfended pension liabilities. Were a quarter trillion unfunded on pensions. They didnt do much of anything to deal with that. Thats the big magilla. And if you dont deal with that, well, i dont know how youre going to deal with that, to be honest with you. Liz a friend of this broadcast network, yesterday he said he hadnt gotten his state tax return. His refund, rather. The state tax refund. He said it has never taken this long. Will people start to get their refunds . Well, i got mine. And he and i were talking about that yesterday. Liz how did you get it, and scott didnt . Yeah. And also, we talked about owning property in illinois, and he and i were both saying when do you think we should start selling that before things get really funky . Liz you may have missed the vote. I hope not, jeff. I have to retire. Liz no, youre not allowed. I cease this discussion right now. Youre with us forever. Okay. The closing bell ringing in about 39 minutes. We told you yesterday that this would happen. And now the switch has been flipped on. Warren buffett and Berkshire Hathaway confirming a 9 billion purchase. Picking up the giant out of bankruptcy when he was talking to me there back in may, he said i want to swallow a big whale. 9billion, hes got billions more in cash. But its a big one. Big enough. The all cash deal still needs to approved by a bankruptcy judge and texas regulators. Stay tuned on that. And the famed running of the polls in spain off to just a wild start. This is not file video, folks. This is video that was fed in just moments ago. But look at these people. Wait, are you supposed to wear white . Yeah, you dont want to wear red like the dude in the lower white there. Not a good idea. Bulls do not like to see red. Is anybody getting gored . Lets watch this during the commercial break. Anyway, the bulls are running when it comes to facebook already using its horns on the social media world now looking to tramp he will the biggest names. Still ahead, longterm friend of mar Mark Zuckerberg michael wolf. Coming right back im jamie and im the fifth greatgranddaughter of benjamin rush. He was actually the only medical doctor that signed the declaration of independence. I myself am a nurse, my daughter is going to physicians assistant school. Were passing on family traditions. Liz in a world with the term in a world starts every movie trailer; right . Is facebook about to conquer hollywood . The king of social media on networks and netflix by developing its own scripted tv programming. That big news is that facebook is already talking to