To begin trading today after the ipo last night at 17 a share. 19 and 20. Not 21,000. The markets completely crashing through new record highs. Closing about 21,000 for the First Time Ever with a powerful 350point rally. Marcus today traded around the flat line after the powerful note yesterday on the upside. Nasdaq, s p 500 down fractionally. This is of course a big tree after the huge rally yesterday. European markets look like this. Ft 100 down a fraction. Cac and dax up a fraction. Markets mixed. The nikkei average was up almost 1 in japan. Shanghai composite tomas was the hang seng. Yahoo security problem headed Marissa Mayers pocket. The ceo says she will not be paid or cash bonus following the breach of a hundred million User Accounts. Two all beef patties at your doorstep. The plan to expand delivery. Plus pizza hut laces up for march madness. In time for the tipoff. All the stories this morning. German attack about it, dagen mcdowell. Recon Capital Partner kevin kelley and Fox News ContributorRachel Campos duffy. Good morning. Dagen good morning. I was looking in the newspapers are the newspapers covered the record run in the market spread the optimism under investors and the American People. Of course the wall street journal above the hole this morning. How about u. S. A. Todays had time, trump inspires data 21,000. Getting that right. Above the fold no mention in the new york times. Theres an article below the fall. What about the Washington Post . Nary a mention on the front page at all. Weve got the white house is going to splash the epa even under the economy. No mention of the markers record run in the index below the fold. The new market value that has been increased this year by the way. We are going to be talking about all day long. But just, nothing. A big show coming up. Brad andersen is here giving us a look at the retail environment right now. Chairman of president ial candidate of forbes media, steve forbes is at best. From the reagan budget directs jurors David Stockman and adam kissinger. Farmer cows are of economic advisers under obama and senior fellow at the Peterson Institute for international economics. Big show ahead. You dont want to miss a moment of it. We take it off right there with our top story and that is marketed and snap, the Parent Company of snapchat to begin trading today. Priced ipo by the target range of 17 a share their values the company at nearly 24 billion. Joining us now is the bow, investment strategist. Good to see you. After a 300 plus point rally yesterday, pretty good time to go public. Heck yeah, i think so. If you think about the text that are in general its been late in the market on a daytoday basis. The fundamentals are there. From a company perspective, maybe its a little premature given that theyre still building out their business, figuring out revenues and users and things like that. From a market standpoint im sure its great. Maria having said that, there arent a lot of ipos this year. We are in a quiet period of more deals this month. This one is so strong. Especially a tech ipo. Last year was the slowest year since 2009. Maria would you buy a comic kevin kelley . I wouldnt. Theres a lot of concerns that came out of this roadshow. They are actually locking up whose locking up whos scanning the actual shares and going through investment firms and then you got to hold these about a year. The main concern is they think they are a Camera Company. All your revenue is derived through advertising for one key demographic. They are competing against google and facebook for the ad spend when those two firms had the best data and analytics that advertisers are going to spend. It takes a week for an advertiser to go to the platform as well as using some different type of matcher x. They also want advertisers to shoot a vertical. A lot of concerns a lot of concerns and you have a company say they are Camera Company when really they are social Media Company against google and facebook, that alarmed investors. Also evaluation. 21 times sales. That doubled with facebook is trading at. Transfer the forecast for billion dollars in sales for 2017 would do more than doubled Revenue Growth for snapshot this year. Snapshot like facebook was, like Googles Youtube license under pressure from advertisers to audit the metrics on the advertising. The Media Rating Council is pushing that chad to have the ad metrics on a day. Again, how much penetration are you getting . These are things that travel have to tell the very advertisers. Slowing user growth and internationally favorite event not dos. They are not going after International Users and users in the u. S. Are slowing down. Theres a funny rumor going around or funny thing around wall street right now during the roadshow. Its impressive evidence because taking snap ipo considered as the chief product officer is the period they birdie not that their key programs. Maria is interesting because snapchat had no to ceo rejecting the deal to acquire the company by facebook. That was actually the right note the right move not to pursue the valuation at 24 billion. I think there is a tremendous opportunity. I had the same concerns you all listed here. They do have a tremendous opportunity when he think of revenue per user of 83 discount of what facebook is making. If they turn the current users they have and get money off of that to that level thats something. Dagen get money off of their parents. Thats what i was going to say. Their users are so much younger than his. Your grandma friends on facebook and not that chet. The User Engagement is much higher than these other social platforms. There are positives. I tend to be in the same camp on a longterm to that well see how theyre able to monetize this thing. Maria present trend just reading this. Since november election may come in the south arkansas posted 2. 3 trillion in gains. Consumer confidence at a 15 year high. Jobs the president to begin that out. And its true. The market has been on fire. In under 300 plus point rally. What he think about this . Its incredible to move weve seen. The dow and s p have more than 1 gains. So it is certainly animal spirits are alive and well. Maria you have to say the markets would not trade like that if they werent up to miss them and positive feelings about what policies are. You can never discount how important Business Confidence and Consumer Confidence is and how that could drive the market higher. Businesses didnt have it over the previous eight years. One of the reasons why as they develop regulations for going to happen so they werent willing to do capital expenditures. He saw stock buybacks go higher. Business is planned for the future, wanting to reinvest. They have the confidence and certainty this administration is going to do fiscal needs and reduce taxes committee regulate. I can actually connect the snapchat ipo to the trump speech because of the regulation. One of the reasons used in the number of ipos last year, 105, but was sent 2009 is in part because of regulation. Amazon went public for years after founding wall street journal editorial page points out. It took six years for snapchat to go public good part of that is regulations not just in doug frank as sarbanesoxley. Deregulation will help spur companies founded for going public. Maria we saw people saying why should i go public . Why should i say public . We saw obvious privatizations rather than public just because the Regulatory Environment was too much for these companies. The mother spacebar. 2012, 2012, viewed as having one of the biggest ipos and to elegy. How do you think that compares to that . At this point the bars appear. This book was down 20 the first three months after it began trading on the stock market. Maria i forgot that. Everything about the 10 largest ipos on average than it double digits. Theres definitely a big disparity there. Facebook site on the opening, twitter up 72 the first day. We could see anywhere in between there again. Dagen facebook did Something Else than 2012 that is critical to its business. It paid only a billion dollars friends to grab, which the journal equates with the dutch buy manhattan from native americans. In terms of innovation, snapshot is when you have to innovate and monetize and that is a very high bar. They pivoted to mobile. Saw they were and what they needed on desktop and theyre the dominant player. 85 of advertisers spent her platforms. Great leadership in Sheryl Sandberg people believe in. Thats another key question, their leadership. Maria will keep watching it. Lindsay bell joining us. The white house is slamming democrats this Morning Report that attorney general Jeff Sessions spoke with russias ambassador during present trends campaigned. The latest coming up. By pepsi says they have to lay off 20 of workers in philadelphia. Back in a minute. Power to turn this enemy into an ally . Microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. Maria welcome back at the white house bringing back this morning. The report is what the trumpadmy general Jeff Sessions reportedly having conversations with Russian Ambassador to United States. During the campaign he did not disclose during his confirmation hearing in january. Watch. If there is any evidence that anyone affiliated with the Trump Campaign communicated with the russian government in the course of this campaign, what will you do . Senator frank king, i am not aware of any of those that dignity is. I have been called a surrogate a time or two in that campaign and i did not have communications with russias and im unable to comment on that. Maria attorney general sessions and report, telling fox news i never met with russian officials to discuss issues of the campaign. Ive no idea what this allegation is about. Its false to the white house at nine acclaim in a statement that reads the latest attack against the Trump Administration by partisan democrats. Attorney general sessions met with the ambassador in an official capacity as a member of the Senate Armed Services committee which is entirely consistent with his testimony. The surprise al franken is pushing its story immediately following President Trump successful address to the country. Rachel campos duffy with us. What do you make of this . Is on the Armed Services committee. Its possible he may as token that the Russian Ambassador. To clear some of the stuff that. These are the same democrats who are now demanding they resign. Illiquid net 30,000 emails to lead it. They demand should run for president. Maria how about land Loretto Lynch met with no clinton . And there was no hysteria over that. She then recused herself. Democrats are asking the at least recuse himself. Weve seen this narrative and hysteria come out for the democratic side. They were calling for donald trump to be impeached. Youve got to do high crimes and misdemeanors. He was the president for two or three weeks. Maria the whole idea of meeting with the Russian Ambassador. What is the point . Hes on Armed Services. What are they trying to say that they were cooking up some kind of a plan to fix the election . I dont know, but heres the deal. It will come out as a big knot and and continue to erode credibility of democrats. Make them with patty and for the media to pick this up is also silly. How dare Jeff Sessions do his job and meet with ambassador of russia. If the only narrative they have. Dagen call me a conspiracy theorist, but i doubt that the incredible speech that President Trump gave on tuesday night and then you have the market on this terrific recordbreaking run, and lo and behold this story appears in the Washington Post. And then you have nancy pelosi saying Jeff Sessions a look at it began at edwards. I love how shes upset saying Jeff Sessions lied under a period okay, but where were you when Hillary Clinton investigation that going on. Maria the rather lynch met with oakland two days before hillary had to testify. Am i democrats met the Russian Ambassador. Werent they looking into the hacking that have been due to have been due to pick unix and pointing fingers. Lets see their ledger, see their ledger, see scheduling and have not done as well. If so, why did they need him . Thats good the sides of the story. Maria me malcolm in the near term support in the Obama Administration to spread and preserve information about possible communications. What you make of this . Now the Obama Administration is getting in on this in terms of spreading, preserving anything they can about the election. Dagen which they put their hooks and where before president exited the white house knew exactly what they were doing from a political standpoint. They basically . This for the democratic leadership in congress to use as they will. Maria they started it all at the Democratic National convention. When he won the chairmanship of the Democratic National committee, he said the election was rigged. There was or the russians. He repeated that a few days ago so the narrative continues. Democrats dont know what theyre doing. But could they have addressed the nation after the president spoke. I have no idea. The democrats dont know whats really happening right now. Maria definitely massive dysfunction. Why would they choose him to do the response . Is not the future of the party. Ill play that much. A lot of that wouldve been the right person. Dagen a lot of big money and a lot of big names behind congressman ryan. Maria hes about the most moderate. He makes a lot of sense. A quick rate paid yahoo s massive data breach as Marissa Mayer check out. The major hack. But hamas plans to bring back customers by expanding delivery. Back in a minute. And always working to be better. I use whats already inside me to reach my goals. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. 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The worlds biggest Brewing Company and the make or budweiser, still are taught in corona posted bigger than did earnings after sales and the celtic ahead on its bottom line. Adjusted earnings at a dollars and 25 cents from 562 billion a year earlier. Missing analyst estimates. The company with bonuses for top executives. Meanwhile, pepsi is laying off 100 workers in philadelphia and the company says the city soda taxes to blame. The last account for 20 of the employees and will be spread out over the next few months. Theres the power of government right there. Philadelphia so that tax into effect in january. They are expecte