returns that is why again, outperform by 5% since year-to-date. not bad. [closing bell rings] liz: we'll put your picks up, you were such a winner. you were just unbelievable last year at this time. put them on facebook.com/lizclaman. have a very safe weekend. a big thanks to our servicemen and women. david and melissa, to you. david. what a week. dow slightly lower after closing the second highest level yesterday. look at s&p 500 and nasdaq barely eking out new record highs. all three major averages ended the week higher. that is good news. i'm david asman. melissa: i'm melissa francis. this is "after the bell." more on the big market movers and here is what else we're covering for you at this very busy hour. donald trump kicking off his final leg of the trip abroad at the g7 summit of italy. one of the most challenging

meetings of world leaders in years. one day after calling out our nato allies. christians under attack in the middle east. the president responding moments ago to the massacre in cairo. helping our heroes. how your purchases can help rans get jobs. -- veterans. among our guests, for example chairman, steve forbes, whoo-hoo. we have former ambassador john negroponte. we have former national security councilmember, gillian turner and former arkansas governor mike huckabee. what a lineup. david: the dow taking breather barely before the holiday weekend. disney, goldman sachs, microsoft among the biggest gain is. let's go to lori rothman on the floor of the new york stock exchange. a lot of people said if there wasn't a selloff that is grade news for the market because people don't like to hold stocks going into a holiday weekend, apparently they did today. >> i think they did. david, folks didn't want to make

big money bets ahead of a three-day weekend especially with president trump overseas. wait until president trump gets back to talk about fireworks. nasdaq around s&p high for session there. second straight record close for the tech-heavy nasdaq. this is the fifth up week in the last six weeks for the nasdaq. the s&p not too shabby, up about 1.3% on the week. you basically have winners, best buy, norfolk southern, american airlines and csx rounding out the list. railroads though, interesting story here, baron's positive on the railroads. earlier economic data, gss domestic product, upward revision for first quarter. means people want to move stuff. they want to transport it around and that should improve the broader economy, right? railroads are nice bellwether for future of the economy. back to you.

david: who would have thunk, best buy up 15%. lori, thank you. melissa. melissa: oil rebounding after nearly 5% plunge yesterday, still closing the week down almost 3%, back below $50 a barrel at 49.80. on the flip side gold gaining for the week, setting up, ending more than 1% at 1267 an ounce. david: first quarter gdp just got a little bit better being revised up from 0.7% to 1.2%. joining me is forbes media chairman steve forbes and former investment banker and entrepreneur carol roth. steve, 1.2% is better than .7%, i can do my math but still not going gangbusters, a long way from it. >> at least the trend line is going if the right direction, but you're right, david, the u.s. economy, fed and others is still stuck in this two, 2 1/2% range. which underscores need for action by washington. if trump goes into next year, with two, 2 1/2% growth.

it will be tough news for republicans. david: carol, there are mixed signals, all kinds of mixed signals. we heard there was a pullback in long-term factory equipment purchases. on the other hand capital expenditures are doing pretty well. so what is it? you can't really make sense of these figures? >> statistics are just that and numbers don't necessarily tell the whole story but going back to what you and steve were talking about, in terms of boosting the economy, we do need to move past this 2% into 3%. even hopefully higher. i think way to do that is really through the people who create the majority of the jobs, and of course the majority of sales in this count and that is the small business owners. david: bingo. >> we really need washington to get back to work so they make it easier from a tax standpoint, from a regulatory standpoint, but from overall political environment for the small business owners to continue to make those capital investments

to continue to higher so we get the big growth. melissa: meanwhile billionaire facebook ceo mark zuckerberg giving his rendition of a commencement speech at harvard, that the future of america needs is more handouts. fox business's tracee carrasco in the newsroom with all of the details. tracee? reporter: mark zuckerberg calling for universal basic income, when the government an conditionally pays people a small amount of money to cover basic needs. here is what zuckerberg said during his speech. >> now it's time for our generation to define a new social contract. we should explore ideas like universal basic income to make sure everyone has a cushion to try new ideas. reporter: zuckerberg said he was able to pursue the development of facebook because he knew he had a safety net to fall back on. he joins other silicon valley tech executives like tesla ceo elon musk and facebook cofounder

chris hughes sporting basic income. supporters say it allows people to further education, change their career or make themselves more appealing to the job market. while critics say it's a chance to work as little as possible. of the melissa. melissa: i don't even know where to start why that would not work. tracee, thank you. steve, i will turn to you. one of the problems is, if you give everyone in the country five dollars, the price of everything in the country goes up five dollars. give me another one. >> no, well that's true. these are resources. money are claims on resources. people have to produce the resources. if you raise the price of producing those good things you will get less of them. what he is proposing with all the good intentions, is more stagnant european style economy. we need to reduce barriers to people producing more. then the standard of living for everyone goes up. the government has nothing to do with it. all government can do is create the right environment. right now it created wrong environment. we're all paying price for it.

melissa: carol, this is one of huge problems more sophisticated level in saudi arabia. they redistribute the oil wealth across the country but still creates, work is not just about income. it is about a feeling of worth and contribution all those kind of things. there are million places where you can point to this is not work. how could mark zuckerberg think this? >> i know. at your all mamater, melissa -- melissa: had to say that. i avoided that to this point. i did not want to remind the audience today, thank you. anyway, go ahead. >> listen, i think that we need to reject this idea based on principle. this is completely un-american. our country was founded on the concept of being self-reliant and self-responsibility and people are knocking down our doors to try to get into the country to create the opportunities for themselves because here's the place where you have that opportunity. as we shift things from personal responsibility and family

responsibility and even community responsibility to the government, we are seeing a breakdown in our social and cultural fabric. that to me is much bigger issue in terms of productivity in the future. mark zuckerberg wants to do something, take your money and train people so that they can provide for themselves. melissa: that's a great idea. patriots fair, rebel spirit. sorry. david: melissa, i wanted to know what the top hats were about. melissa: like you're certain level you achieve this, get to wear the hat. don't eastern get me started. david: difference of opinion, at least according to "the wall street journal" and white house over tax policy. treasury secretary steve mnuchin and budget director mick mulvaney appear to contradict each other at two separate hearings on capitol hill. all about whether tax rate cuts pay for themselves by increasing growth. i think they're both on the same page but democrats and media looking for any way to drive a wedge between them, don't you think? >> yeah, over time, if you have

a prosperous economy the government gets more money but that is not the right question. mnuchin is more on it than mulvaney. if it is good for the american economy, leads to higher standard of living, american people take precedents over the needs of washington. david: carol, to hear democratic senators talk about the numbers that don't come close to adding up, from senator ron wyden, they are the ones that claimed obamacare was going to reduce our premiums by record numbers. wasn't going to add a dime to the deficit. they're talking about numbers not adding up? >> yeah the look of self-awareness and hypocrisy always very interesting. i think what people need to remember is that there is a timing issue. and when you invest a dollar it doesn't necessarily pay you back tomorrow. sometimes takes a year or three years or five years. but you still have to make that investment today in order for it to be pay off. that is where i do think everybody is on the same page. we just need to have the

patience to understand that when you put those dollars back into the pockets of the people they will eventually spend it. same thing with the business and capital expenditures. david: steve, it has happened every single time. we have the 1920s, the 1960s with democrat jfk. 1980s, ronald reagan. when bill clinton, democrat, reduced capital gains we have increase. every time it has worked. why do they doubt it? >> they doubt it because they think it means a loss of power. they would rather have less revenue and more power than more power and less revenue. they don't want to give up what they have. they don't want to give up their wherewithal to handouts to people to buy votes. leading people to themselves. they can't stand it. who needs them. david: they like more money inside the beltway. all comes down to the grind. thank you very much. catch steve forbes, special live edition of the "cost of freedom," tomorrow morning on

fox news channel, starting at 10:00 a.m. eastern time. we hope to see you there. melissa: my son loves it when you're live. david: he does. melissa: that's cool. look at this. we have breaking news for you right now. a detroit department of transportation bus crashing into a sun valley foods warehouse. after an accident with at least two other vehicles. one of the passenger vehicles had -- hit a utility pole sticking through the front of the car. look at that bus where it is. david: right through the garage. melissa: las vegas on high alert during the memorial day weekend. details what officials are calling a credible threat. david: president trump kicking off the final leg of his first trip abroad meeting with g7 leaders today, a day after ruffling feathers at nato. you saw how they reacted. we'll take you live to italy. melissa: i'm sure the fans loved it. president plagued by leaks even as he travels abroad. up next, former director of

national intelligence john negroponte what needs to be done to stop this. >> the people who leaked the british story were not in the white house. they were in the intelligence community and they ought to go to jail. ♪ dear predictable, there's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake,