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tv   Countdown to the Closing Bell With Liz Claman  FOX Business  July 7, 2017 3:00pm-4:00pm EDT

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bill de blasio, the mayor of new york city jetting off in germany to join the protest, instead of being at home to attend an n ypd swearing in ceremony. that's a good story for you. anyway, we're sending it over to liz as we watch a market that's off the highs of the session but still up 88. hey, there, liz. liz: yeah, thank you, trish. regarding this riots and fights in germany, we've got two completely opposite scenes coming out of hamburg, germany at this hour. global leaders in the left including president donald trump, germany angela merkel, and others attending a g20 concert while on the right, riot relief. battle antiprotesters with water canons. so while beethoven ninth ti
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riots are engaging in hand-to-hand combat with police. the concert just wrapping up right now. it was the handshake heard around the world. president trump's first encounter with russian president vladimir putin yields the promise of a agreed upon cease-fire 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. he's there live in hamburg with up to the minute details on the protests and the behind closed-door 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.
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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. we're less than an hour to the closing bell. happy friday. let's 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, it's gaining about 15 points, that too is off the highs of the session. it's a quarter of a percent
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gain, though, and we've 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 what's really powering that? we've got the airlines, the railroads boosting higher. delta and southwest ticker symbol love. we love that all hitting all-time highs. technology, and social media swimming strongly in a oceanside of green after gains and losses. tech giants right now all higher as you've seen we also have alphabet google moving higher, apple better by about 1% but look at netflix. better by two and two-thirds. again, though, we're thinking about another name here. netflix and amazon, okay. well, you think there's a war between this two for the title
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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. that's 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. it's 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 two-thirds percent. to this international situation right now. we have moments after president trump's 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
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was topic number one when everybody got together. actually, it's not everybody. it was just six people. two translators, the two presidents, 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 wasn't really used. so if you're splitting hairs on words, you can say, well, we didn't specifically have our hand in hacking. but, again, they didn't say they had medalled. even asking for proof of election medaling, they said we didn't 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. we've got a lot to tackle here, blake. first, i need you to tell us the situation on the ground
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there with all of the riots, and then i need you to let's know what happened to syria and there's now a cease-fire. >> 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 can't really see any protests. that's 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. we're 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 that's 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.
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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.
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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 didn't 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 cease-fire that was brokered in southwest syria, that brokered by the united states jordan and russia. liz. liz: it's quite fascinating to see. it's supposed to kick into effect on sunday. we'll 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
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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 what's 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. i'll 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 they're still up two-tenths 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 broad-based. they were in high skill positions. we also saw entry-level
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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 didn't go up that much, total take-home 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 they've 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 we're going to have
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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, it's 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 ten-year future, it's really going to correct it. and that's going to continue to be the issue moving forward. what's 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 ten-year. it's right there at critical intersection. where now people are wondering is there going to be more
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money going back into bonds? so i think the next half of the year, that's 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, we're always set up for some sort of correction. and a lot of people that have been caught for corrections now, they're like the boy that cries wolf. for a year, two years. usually when you hear nobody talking about a correction, that's in my experience. so that would be my concern. but i would continue to watch the ten-year yield. it's 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. we're at 2.2% in the second quarter. third quarter we're up two and
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a half. that's pretty good, considering that the labor force is growing about less than 1% a year. we don't have layoff productivity. that's 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. don't 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. that's 8:00 p.m. eastern right here on fox business and then again i'll 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 mcdonald's? well, it better be the stock because right now, the stock
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is looking very, very good with about 47 minutes until the closing bell rings, investors are loving mcdonald's. the biggest leader on the dow 30 heat map. it's at $155.97. mcdonald's 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? it's 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.
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. 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 state's 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 state's lottery system, they had shut it all down.
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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. you're shaking your head? what the -- >> no, it won't. 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? here's 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.
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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, it's about $33 a month. now, that doesn't sound like much. but take a look at how this shakes out. illinois policy institute with a calculator shows if you made $100,000, you're going to pay another $1,000 in taxes. $150,000, it's about 1700 extra. if you make $300,000, it's 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
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here, liz. here's what they had to say about what this package means. the plan lacks concrete measures that will improve illinois' long-term capacity to deal with its unfended pension liabilities. we're a quarter trillion unfunded on pensions. they didn't do much of anything to deal with that. that's the big magilla. and if you don't deal with that, well, i don't know how you're going to deal with that, to be honest with you. liz: a friend of this broadcast network, yesterday he said he hadn't 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 didn't? >> 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
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vote. i hope not, jeff. >> i have to retire. liz: no, you're not allowed. i cease this discussion right now. you're 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, he's got billions more in cash. but it's 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.
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wait, are you supposed to wear white? yeah, you don't 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? let's 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, long-term friend of mar mark zuckerberg michael wolf. coming right back
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i'm jamie and i'm the fifth great-granddaughter 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 physician's assistant school. we're 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
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is already talking to hollywood studios and agencies about producing shows. but at the same time because facebook can walk and chew gum at the same time, it can do a lot of stuff. it's pushing to nab streaming rights to this on your screen. highlights of the biggest sporting event in the world. the world cup actually that's practice footage. but practice footage of team usa going toward the 2018 world cup. the swift move by facebook has many wondering does this have netflix, amazon, twitter, everybody else shaking in their boots as facebook goes all in on digital streaming content and sports? paving th the path to world domination. i know we're overstating it. but heck, it's a big, huge story and michael wolf is here to talk about it. he served as an early mentor to facebook ceo mark zuckerberg and run active now. thank you for being here in a exclusively.
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>> great to be here. liz: obviously, he's going in for the kill when it comes to scripted programming. that's good news, but he is late when it comes to netflix, the big toe that's already in the water. >> well, he's out in hollywood saying that they're going to spend $3 million an episode. but so far, they haven't produced anything. they say they have two shows. one called strangers and one that's called last date standing, and they're more like reality shows. last date standing is the same people that produced american warrior on nbc. and strangers is produced by refinery 29, a website. so he's out saying he's going to do it. but the bigger issue is the date to remember is 2019 because in 2019, a lot of the sports rights from espn and other networks expire, and that's when all of the digital companies are going to be looking. liz: he's jumping in right now. he wants the rights from fox
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sports, which carries the world cup to air the highlights, specifically. but other companies want that too; right? >> i think that the difference with the highlights is that he may not get exclusive rights because other people are going -- the world cup doesn't have an interest in all of those rights going to the same company. so he's likely to get them. and in the same way today that other networks are going to be -- and other websites are -- liz: well, snap wants it too. that's the thing. and what is the value for a fox sports or abc sports to allow highlights on other channels like that? on other opportunities or other pipes versus just their own digital opportunities and property? >> well, the opportunity for them if it's going to promote, and it's going to drive viewership to their networks. the problem is it's not necessarily in the best interest of the owners of those rights for it to go somewhere else. they would like them to be in lots of other places. they want leverage when it comes time to negotiate those rights.
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they're not loyal to any of those networks. what they want is the most amount of money and the most amount of viewers. liz: you were an early mentor to mark zuckerberg. talk about how that came about. you were at the time running mtv. >> in 2005, 2006, mtv looked at facebook and recognized that it was going to be a force in dealing with -- liz: by the way, you'll only see that video of him wearing a tie once. >> yes. liz: mark zuckerberg likes those hoodies. >> right. when i met him, they weren't hoodies. they were short pants and sandals. hoodie came later. and so we negotiated with him to buy facebook. but more importantly, he and i spent a lot of time talking about business, so he could understand the way that the media business works. so if you fast-forward ahead too today, a lot of what he's doing today really comes from accumulated knowledge over the last ten years that he understands that in a lot of ways he's not just in the tech business, he's in the
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entertainment business. liz: absolutely. his chief operating officer is the brilliant sherrill sandburg. >> exactly. liz: now we have uber who is headless at the moment. travis out. he was the founder and the brains behind it. she's mentioned quite a bit as the next ceo. do you think that will happen? and if not her, who else? >> well, it depends on what this board is looking for. if they think it's going to be about a transportation -- if they view it as a transportation company, then it should be somebody like mark fields or both exceos, of course. liz: i said those two would be good guys to run this because they've already started the work when they were running ford at separate times that they would be guys who could do this because they worked on automated vehicles. >> well, in a lot of ways, you have to think about it. not just as a business as it is today, but in the future, it's likely to get also include self-driving cars. liz: are they interviewing those two guys? >> i don't know. i mean, the search is being
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done by john thompson, the same guy that brought tim armstrong to aol and the same guy that brought eric to google. you look at this as an experience company, then they're going to look at people like tom stags, the excoo of disney or marissa meyer for people to understand how to run a large-scale tech company. liz: and you had a hand in placing marissa meyer in the beginning back at yahoo. and quickly before we go, you look at digital, and you look at statistics, i'm very interested to know how all of the hot digital properties are doing now post election because everybody was piling on, whether it was breitbart or huffington post. washington post, et cetera. who's up, who's down since the election? >> well, if you look at some of the sites, breitbart, some of the upstarts. breitbart is down about 13%. newsmax is down about 10%. and yet, if you look at some of the other sites, politico
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is up about 25% year over year. the new york times is up about 30%. and the washington post is up about 22%. a lot of this reflects the changes in what people are interested in. all of those sites are way down past the election. so after the election, people just got bored. but a lot of this reflects the news cycle and what people are looking for in news. liz: great to have you, michael. >> great to be here. liz: thank you very much. crunching the data and crunching the scoop between media and all things digital. thank you so much. >> exciting times. liz: michael wolf, activate partner. just about 26 minutes to go before the closing bell rings. we've got so much more. stay tuned. look at this. dow 21,411 right now.
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>> i'm nicole petallides on the floor of the new york stock exchange with this fox business brief.
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the dow jones industrial average higher. the s&p 500 and the nasdaq, the dow gaining 95. the s&p up 15, the nasdaq up 53. shares rallying after stronger than expected junes jobs report. temporary health services industry growing almost 4% annually over the past five years. and it's a good day for the homebuilders. lgi homes sector across the board after reporting a record second quarter. lenar and kb homes jumping higher. shares of tesla rebounding after jumping in the past sessions. elon musk says he's going to build the largest lithium battery system in australia. also giving an update to monday's delivery numbers saying an additional 3,500 cars are in transit to the customers. and we've got more on president trump's highly anticipated meeting with russian president vladimir putin. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah.
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. liz: breaking news. we've gotten the camera closer to those protests, and it is indeed a chaotic scene in hamburg. the site of the g20 summit. you can see just moments ago -- and i mean seconds ago, there was a bonfire set, and you could see many protesters trying to add to this bonfire to make it worse. police fighting back. can we take the live shot of that scene? because police quickly showed up. here's the live shot. they doused the fire. and this is a live picture, and if we could get the live bug up so people know. it is 9:40 p.m. in hamburg, germany, and you have people around, but you have police attempting working very hard to keep order, and you can tell that these anticapitalists, as they're calling themselves, are still trying to wreak havoc. right in hamburg, just a couple yards away from the
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area where the g20 is the -- look at that in the background. i would consider that a bigger fire. so they've got a lot that they are dealing with right now. and, by the way, 160 police have been injured. have been injured. quite a disgrace there. and it was a hotly anticipated meeting when all of that was happening outside. on the inside, russia's president vladimir putin kept all of us focused open what you're seeing on the right hand of the screen are the two leaders sitting down for their extended conversation. and then you see their first interaction, which happened a few hours before this. what does their body language say about their relationship? it's the handshake heard around the world. we want to bring in fox news strategic analyst lieutenant colonel ralph peters for the inside. but first, hi, ralph. can you talk about what's happening and give us your thoughts on these protests? do they look alarming to you? or is it business as usual when it comes to these anarchists who are professional protesters at
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g20, meetings? >> it's business as usual. and i was in germany in the '70s when you had all the riots. you go back to the riot of '68, which were even worse. and every time there's an accessible g7 unit, which the one wasn't accessible. an open place such as hamburg with a liberal tradition and restraints on the police, you get this. and, to me, the really interesting thing about these protesters is they're anticapitalist, but none of them move to north korea. life's better in germany, trust me. liz: that is a great point. you know, that's the thing. they do not put their money where their mouth is. they're the first to stop by the local starbucks, which is a great business. get a starbucks and then go back to saying capitalism is bad.
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>> yeah. you break the windo w. liz: they were doing that 20 years ago? it's so over. anyway, if you say that's business as usual, we're still going to keep the shot at our fingertips at the moment. but let's talk about the putin trump meeting here. what do you think is the most significant thing that came out o out of it? and then we'll get to you judging their body language. >> well, the most interesting that came out of it, to me, after listening to the audio was that, oh, well, putin charmed another u.s. president. the idea that we're going to share the same goals as russia does and syria? that's like saying mother teresa and bernie madoff share the same goals. while it's very good that russia interference in the election came up, tillerson undercut it by saying they agreed not to relitigate the past but look at ways to go forward. no.
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russia needs to pay a price for interfering in our election. can't just say, oh, well. liz: as we look at these two, we slo moed handshake. that's when they were standing. and then after they were standing in the beginning, you see what they did when they actually sat down, and it was a more formal, the cameras ready, they shook hands and then put their hands together. what do we read from this? it doesn't look like president trump's being taken here. >> well, i think he was taken. but as far as the body language goes -- liz: why? >> because of tillerson's remarks. i mean, he needed to get tough with putin. putin understands strength. but you look at the body language. right now, the standup handshake. trump is being himself. putin is being the self chose
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to be. and putin is short. trump's very tall. he doesn't let trump get too close. putin is hyper aware of his environment. he uses his finger point to establish the sign of busines b. liz: but what about president trump in poland saying yesterday quote must cease its activities in ukraine. >> look, trump's speech in poland was terrific. i said yesterday on fox if that was the best speech i've heard american president on european soil since ronald reagan said tear down this wall. now, of course, the america left went nuts because he defended western civilization. but the speechwriters did our president a great service, he had all the right points for the massacre to russia's successes. brutal. always brutal occupation with poland. he stood up for freedom. it was all great today, it looks like he folded.
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liz: lieutenant colonel ralph peters, we appreciate you being here. and, again, we're watching the situation quite closely. it is business as usual, as ralph peters says, but that doesn't look like business as usual when it comes to just normal events in the summit. in the meantime, we'll be right back with much more. the dow as we were talking was up 100. now up 98. stay tuned [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event.
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i'm doing the bike this year, and we're doing it to raise money for building heroes.org. here's why i love it. because the money we raise goes to building custom homes like we did for army ranger chris levy. there's chris right there. >> great. liz: he lost both his legs, charlie, and part of his arm and hand in iraq when his humvee hit a roadside bomb. but we built him a mortgage free custom home that's customized for his injuries. but the live for our brave-winded soldiers is very long for these houses. we're going to try to give every one of them a special home. check did out so far for the up coming try. thanks to you, because i've only promoted it here. nearly 9,000 have been raised so far. 50,000 is our goal. all you have to do is scroll there, click the big blue donation button. it's the way that maybe if you look at it like this, all of you can in your own way say thank you to our wounded
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troops. i've been so humble, i must say. i'm so appreciative for those of you who have. doesn't matter how much. all right. from triathlons to baseball, the battle for the miami marlins continues to morph as team owner jeffrey struggles to get any of the potential bidders to reach his $1.3 billion demand for the price. who will be the last billionaire standing in the bidding war? charlie right now. who is it? >> i just want to say that's a great thing that you do with this soldiers. liz: want to join team fox business? >> i'll give money. i just don't feel like doing a triathlon. liz: why not? >> you know what? maybe i will do it. the cause is worth it. liz: thank you. i'll hold you to that. >> okay. so let's get to this story, which is interesting. it is the talk of baseball. and who ever would think the talk of baseball would be a team who hasn't won one world series in its existence. like ten years ago. i can't remember exactly when they did it. and now it's a bidding war. the miami marlins.
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the asking price initially was $1.35 billion. but now we understand that's coming down to $1.15 billion for the marlins, and it's coming down to the guy for the lead south florida businessman george moss who runs moss tech. big time private equity guy down there. very prominent cuban american family. he seems to be in the lead. now, he doesn't have an exclusive right to bid on this thing. he hasn't finished his due diligence from what i understand. derek jeter, the former yankee shortstop is still poking around. but we understand jeter doesn't have the money. he doesn't have the billion dollars it takes to be in the bidding right now. he may be part of moss' team going forward. i know jeter and moss have met at some point to talk about teaming up. the other potential bidder is tag romney, although he from what we understand, it's
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unclear if he's actively involved in bidding. so it looks like it's coming down to, and we're going to find out sooner rather than later on this. when is the all-star game? . liz: yeah, and it will be -- i don't want to say the cheapest because that doesn't sound right. but the tickets will be the cheapest in a decade. >> at the marlin. and we understand that they want it wrapped up -- calm down. i see the time. liz: they're yelling at me. >> i know you have a hard out in 55. they would like the thing to be wrapped up by next week, so stay tuned for what's happening. we're going to be keeping an eye -- i'll be in sun valley but also covering the media -- i'll try not to get arrested, and i'll try to break some stories on this as well. . liz: would it surprise you that the marlins have won two world series? >> one. liz: two. '97 and 2003. >> really? . liz: i know because i keep watching my indians not get there.
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>> why do people say they're not so bad then? . liz: i don't know. >> they won more world series than the mets. liz: when we say 55 minutes, we mean it. >> the mets won two world series. liz: charlie gasparino, thank you. we're going to be right back. just a few minutes before the closing bell rings. dow up 98
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. .
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liz: we just hit session highs for the dow jones industrials and s&p and nasdaq. two minutes to go before the closing bell it is time for a quiz. with the markets propelled by the blowout june jobs report, the test is where do you put money in the second half. we have kevin caron steve nicholas market strategist. where do you put your money when it comes to nations, u.s. or europe? >> you keep it in the united states. the united states long grown faster than europe. doesn't have same kind of
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structural overhangs europe has. i think it continues to do so. i think you stay here in the united states. liz: right here in the united states. there are different areas. the transports just hit a new high. about to close at transports or beaten down commodities. you don't want to buy at the top, right? >> as investor you stick with the transports because transports grow businesses with growing commodity. commodity prices tend to flop all over the place. as investors we want to stick with the thing tied to a growing economy. that would be transports even though they may be a little bit expensive. liz: gotcha, for our final question of the quiz today, tech stocks, do you you keep them or ditch some of them? at a lot of siphon off a bit of profit that you already made? >> you take some profits if they don't make any sense anymore but keep in mind, tech is a fantastic generator of growth. with very good balance sheets. i think you want to be long the group. they have gotten a little bit
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ahead of themselves. liz: you should go to pamplona run with the bulls because you're bullish. kevin caron, stifel-nicolaus. [closing bell rings] all three major markets end in the green. there is the closing bell. david and melissa pick it up for "after the bell." david: stocks ending a short week higher. dow closing up 92 points. happy friday, i'm david. melissa: happy friday, i'm melissa francis this is "after the bell." more on big market movers. here is what else we're covering during this very busy hour. violent clashes in germany between protesters and police. they continue into the second day. live pictures of a bonfire on the street now. certainly looks like riots. this happening today as most highly anticipated event of the g20 was you know way, president trump's first-ever face-to-face

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