balloons are rising. another record. looks like the dow will end at 25,797. followed by records, s&p, russell, dow transports. that does it for the claman countdown. see you monday. have a great weekend, guys. david: stocks pushing all kind of records this friday. we seem to be edging dramatically cutting the time for jet another 1000 point gain on the dow. the dow closing up. about 230 points. just under that. we are very close, look at this, less than 200 points away from dow 26,000. brand new records for all the major averages today. what a freight -- great way to start the weekend. melissa: absolutely. i'm melissa francis. happy friday to you. this is "after the bell." with very more on the big market movers coming up but first here is what else we're covering. a live look at marine one. the president getting ready to leave walter reed medical center

after getting his annual physical. he will head to joint base andrews and his resort at west palm beach. new reaction from democrats inside of the country and abroad responding to the vulgar comments that the president reportedly said at meeting with lawmakers on immigration. president trump denying the report. at least one senator in the room speaking out. we'll tell you what he had to say. meanwhile the president is slamming a bipartisan deal on daca calling it a big step backward. nor what happens now. we have an answer whether the u.s. will continue to support the iran nuclear deal. among our guests this hour arizona congressman andy biggs, republican strategist gianno caldwell, "the hill" editor-in-chief, bob cusack, forbes media chairman steve forbes. that is a lot of people. david: we have interesting information about steve forbes. you don't want to miss that record market stocks ending the day and week on extraordinary high note.

go straight to lauren simonetti on floor of the new york stock exchange. we are less than 200, 196 points a way from dow 26,000. the last time we went up 1000 points, took 23 days. that is record. this time might be another record. >> unbelievable. early next week we could see dow 26,000. the dow is up 2% this week. s&p is up 2% this week. nasdaq certainly higher. let me show you what is leading the dow, boeing. caterpillar, chevron, all of these stocks rallying. in fact boeing and caterpillar are responsible, you were talking about that 1000 point milestone, responsible for half of the dow's rally since dow 25-k. also chevron, look at this gain today, and for the week. you have to remember oil prices up four weeks in a row as well. not just dow components. tech stocks as well. first time all year, apple,

which is a member of the dow hit an all-time high. google, microsoft, netflix, amazon. left out of the mix is facebook. those shares down pretty sharply, basically overhauling the news feed which is good if you want to feel warm and fuzzy, get updates from family and friends. not so good if you're advertiser, publication or a brand. david, melissa. david: i want facebook to make me rich. not to make me warm and fuzz did i h sy. -- fuzzy. that is the problem with facebook today. bring in today's panel. jack hough from "barron's." heather zumarriaga. it does not care what is happening in politics, does it? >> it does not. cyclicals, industrials, energy, david, across the board are really rallying. investors are fearing they're missing out. massive inflow into equity mutual fund, as well as etfs and is a trend continuing

foreseeable future, next few months, because this tax plan is playing out in the markets. we'll hear about it in earnings and how that is impacting the bottom line. david: jack, are investors nervous or are they confident right now because sometimes you get this high you are nervous at top of the mountain? >> i think confidence is growing. we're going into earnings season. revisions in numbers be, changes in earnings estimates most positive we've seen in some time. corporate taxes make companies more valuable. look at s&p 500, facebook, alphabet, amazon, these companies in any year can grow profits by 30%. we've never seen companies this big grow this fast before. melissa: the tax bonus boom continues. fiat chrysler joining growing list of companies giving employees bonuses because of tax reform. jack, what do you think? >> i love seeing bonuses go to employees. my concern not enough of this money would make its way to workers.

look, if the president will get on twitter, instead of giving himself a pat on the back, i would like him to use twitter to give an attaboy to any company out there giving bonuses to their workers right now. that is exactly what these companies should be doing on back of tax breaks. melissa: especially, heather, you look at things like walmart, walmart employees spend their check inside of walmart buying stuff before they go home. this benefits everybody. >> makes sense all around. yes, jobs are being created as well, not just bonuses and wage increases because look at the billion dollar plant created by fiat chrysler outside of detroit from mexico. that is going to bring 2500 jobs into the u.s. so this is happening it will continue in terms of companies investing in plant, property and equipment and the reason why, melissa, you can deduck the plant, property equipment investments right away. i am maid i can't think expensing. that is great. melissa: there is a method to

that madness. $2000 checks to 60,000 employees. they will put a billion dollars into a factory with 2500 jobs in detroit. jack, go ahead. >> jobs are great news. we had seven straight years of growth in automotive manufacturing employment in america under obama. last year, looks like our first year of a slight decline. i'm hoping this is a sign we're getting back on track. you know i had to be a little bit of a spoiler, right? melissa: apparently. i didn't know that. now i do, jack. guys, thank you. david: no decline at all in the growth of the economy. it is continuing to grow at least last couple quarters 3%. as unemployment right going down -- melissa: we'll see final wages picking up. commodity prices are increasing. that is something to keep an eye on. david: gold is up. it is good for the gold bugs. we don't mind them getting a little change. shocking new failures at va

putting patients, and lives of visitors at risk. melissa: a big storm tracking across the midwest towards the east coast, bringing ice, snow, potential for major flooding. a live update from the weather center. david: the debate over what the president said and what he actually said about comments of immigrants coming into the u.s. from haiti and other countries particularly africa. if he made the comments at all. the president denying the report. we're hearing from one lawmaker who was there. >> that language was not used. >> i was not room, i was not in the room, it was very clear in his tweet, as his tweet stands, the language was not used. ♪ yea, so, mom's got this cold

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melissa: so this was just a few moments ago. we have breaking news right now. president trump leaving walter reed medical center on his way to joint base andrews. the president is making his way to west palm beach, there you go, spending weekend at mar-a-lago. david: looks hail and hardy being probed by the doctor. i didn't want to go there exactly. let's rewind that. oh, we're not tape we're live! president trump denying accounts what he said about poor countries like haiti at immigration meeting. lawmakers from both sides are chiming in. blake burman will give us the latest on fallout. reporter: hi, david. the latest debate at white house and washington surround whether or not the president described haiti and countryies in africa as s-holes to keep it in pg format. he took to twitter claimed the language used by me at daca meeting was tough. this was not the language used.

he said in follow-up tweet quote, never said anything der interrogatory about haiti that haiti is very poor, troubled country. never said take them out. made up by dems. this is a meeting at white house and democrats and republicans handful or so and president never -- discussing a deal. tom cotton and david perdue came out with statement, giving the president a bit of wiggle room, saying and i quote from their statement, we do not recall the president saying these comments specifically but what he did call out was the imbalance in our current immigration system. democratic senator dick durbin was in the room as well. he said this all, all arose when they were talking about temporary protective status for certain people who are in the country and he says, durbin says he knows exactly what the president said. >> he said haitians, do we need more haitians?

and then he went on, started to describe the immigration from africa that was being protected in this bipartisan measure. that is when he used the vial and vulgar comments. calling the nations they come from [bleep] holes. the exact word used by the president, not more, not just once but repeatedly. reporter: now at center of this still remains the daca debate, trying to get protections for so-called dreamers, people brought to this country as children illegally by their parents. what the president and president and republicans want to see border security in terms of the wall and reforms to the immigration system. after the comments dick durbin he says he feels the deal, quote, died yesterday. the president in a tweet, took a quote big step backwards. paul ryan, house speaker says he remains hopeful and he was asked about what the president said. >> i read those comments later last night. so first thing that came to my

mind was very unfortunate, unhelpful. reporter: senior white house official who i spoke with earlier today said while the whole storm around all of this isn't necessarily as this one person put it, might have any impact on the deal but this person also said it is not like it could potentially blow the whole thing up either. david: kerfuffle. i think that is the word you're looking for. by the way again, these are live shots of the president going from walter reed where he had a full medical exam. his first as president of the united states. he is going to andrews air force base. he is going down to florida for a weekend. he needs the rest, right. melissa: please, we need the rest, what are you talking about? here is bob cusack, "the hill" editor-in-chief, gianno caldwell fox news political analyst. wow, bob, why don't you start this out. i will hand it over to you and you can organize it and sort it out for us. go ahead. >> well, i think it is

unfortunate that this is what we're talking about now because the president had a very productive meeting earlier in the week and it looked like everyone was going to get a deal, and they actually started to make progress on the policy. we're not talking about the policies here. immigration is not easy. melissa: why don't we talk about the policy. gianno, obviously doesn't get us any closer to a deal. everybody was already upset about where we were at that moment. i mean that is kind of where all of this came from was, it looks like kumbayah in that room. everybody left to work on what they wanted. then all of a sudden nobody is getting what they want. it feels like we're further away. what does everybody do now to get a deal back on track? what does that look like? >> yeah, we're certainly further away, thanks to president trump. it was disappointing to me is he has a good meeting at the white house where he definitely changed the story, the narrative with commanding the room and then this is reported out which

people like senator lindsey graham told senator tim scott is what he said, definitely disenfranchises us as a party, that actually get something done for the american people. how do we get something back on board? that is going to be one where we have leaders in congress, both houses, that take the lead on this negotiation, for us to get something done and get president trump to agree to it. that is how we get something done. melissa: everybody still wants the same stuff. i mean daca needs to be solved. democrats would like to have the win. republicans would like to see the other things sorted. they want to see this border wall system we heard about earlier in the week. we given up idea it's a wall, now we know it's a wall system. in addition to the question of chain migration which is legit. >> there are some things here that both side want, and i do think there is enough they can reach a compromise. i think it is going to take some time. i think congress will have to

pass another short-term budget bill next month and get details out because this is such a complicated deal. they deal they end up the left is not going to like and the right is not going to like. it will have to appease both sides. others won't have to be satisfied because that won't pass. melissa: gianno, we watched the meeting earlier in the week live, it was a kumbayah moment, people on the right were frustrated about that. they said why is it that the president is talking about daca, you know, these children, now adults must stay. that is compassion. you have know talking about the wall, kept seemed like leaning more towards democrats. they weren't happy then. now it is quite the opposite. >> yeah, if you just looked at the room, you saw the president in between two democrats i believe it was, dick durbin being senator from illinois was one of them. i can understand the frustration of many republicans especially

considering he said look, i'm willing to take the heat on this issue, we'll go comprehensive. so this is quite a complex issue as mentioned before. melissa: yeah. >> but certainly we're beginning to be consistent quagmire. we have midterms coming up. comments made by president trump at least reported aren't helpful. and we got to get this done before we get into the midterms. this shouldn't be issue we continue to talk about going into midterms. it will make it even more difficult for us to hold on to majorities in both houses of congress. melissa: bob, between that and nancy pelosi, these are crumbs, let them eat cake, five white guys i feel like this is group of people that can not walk and chew gum at the same time. >> no. the conflict between steny hoyer and nancy pelosi, really, you almost never see that where steny hoyer did not like that comment whatsoever, and he is her deputy. here is the situation where democrats are fractured and they, but are feeling very

confident going into the election year. however, you know the expectations for this tax law are so low, that i think you're going to see it get more popular as it kicks in. melissa: okay. guys, thank you so much. >> i don't -- quick -- melissa: go ahead. >> expectations are very high. two million people with bonuses. i think that is a plus. we'll continue to see that. at end of the day most people feel like overwhelmingly benefited from tax law. the only thing president trump can't mess it up by saying something else to change the conversation. melissa: yeah. bob. thank you. i feel like we had three or now weeks crumpled into one. david: does anybody think it is coincidence that trump allegedly said things exactly as dick durbin said he said them after he had that terrific week? sometimes i don't know -- forgive me for being suspicious but i think there are politics in that interpretation. melissa: how can you be

suspicious. everybody is so straightforward. david: we do have breaking news, new reports that stricom and cbs vice-chair shari redstone looking to merge the two companies that broke apart more than 10 years ago, viacom surged into the close ending the day up more than 9%. its pulling back. we should tell you a little bit after hours, trading down about 2%. cbs up slightly after-hours. melissa: president trump issuing a tough warning to iran, what he is now saying about the future of the controversial nuclear deal. that is next. david: rescue missions continue in southern california where many still remain missing after deadly mudslides plowed through homes. there is a desperate search going on. we have update for you coming right up. >> i wasn't aware what kind of danger was coming down that hill. you know, the water got worse as the minutes went by. >> you could feel the car lift up when the wall of water from behind hit the car.

sir, now we have live pictures of joint base andrews where you see the president's helicopter. i believe it is the lead helicopter. they always have two and do that for obvious reasons. it is up in the 50s here in the northeast today, still a good time to go to florida. when is it not a good time to go to florida. there is not any. that is marine one. president will get on air force one on his way to mar-a-lago. melissa: staying in the deal. president trump agreeing to sanctions related to 2015 iranian nuclear deal, essentially keeping the agreement alive but not without some conditions. here now with more from the state department is rich edson. rich? reporter: melissa and david, the president set a new guideline a deadline for the iran nuclear deal. by this spring he wants congress and european governments part of

this nuclear deal to make changes to iran policy. he says if that doesn't happen, the united states will leave the iran nuclear agreement. he wants to get rid of the sunset clauses, essentially make the deal permanent. he wants increase in inspections and allow international inspectors go into iran anytime, anywhere they wish to do so. in a statement the president said, quote, no one should doubt my word. if other nations fail to act during this time i will terminate our deal with iran. those who for whatever reason choose not to work with us will be siding with the iranian regime's nuclear ambitions and against the people of iran and the peaceful nations of the world. the european governments who signed on to this agreement, they met with iran's foreign minister yesterday. they want the united states to stay in the deal. they want to keep the deal together because they say it is working. iran has already responded to this. its foreign minister tweeted a short while ago, quote, trump's policy and today's announcement about the desperate attempts to undermine a solid, multilateral

agreement, malicious violating paragraphs 26, 28, 29. jcpoa iran nuclear deal is not renegessable. rather than repeating tired rhetoric u.s. must bring itself into full compliance just like iran. the president is extending certain sanctions, waivers, lifting the sanctions for 120, 180 days that keeps the u.s. in the agreement. a separate set of sanctions have nothing to do with the iran agreement, and president and treasury secretary steve mnuchin have now designated 14 more iran people and entities because of ballistic missile support, the crackdown on protesters we've seen over the last few weeks there. that is another dimension to this. so bottom line, lots going on iran policy. president temporarily for now keeping the united states in the iran nuclear deal. announcing a different set of sanctions. want the europeans and congress to exchange on stronger measures. melissa: little tough to swallow. you may have heard us blanching

back here. david will take it away. david: we have somebody really important to react to all this, navy seal david sears. david, first of all the iranian comment that nothing in this deal is renegessable. the deal is not a treaty. everything is renegessable because it was made by the president without the approval of the u.s. senate. >> absolutely. it is renege goshable from our side. they got a great deal. why would they come to the table. david: why did they get a waiver today? >> we need to do keep this to large extent. it is a paper tiger. by putting other sanctions we have latitude to go after the ballistic missile programs, to go after terrorism, go after the human rights violations. david: david, forgive me for stopping you, a waiver indicates they have done everything exactly as they were supposed to do. is that true? >> i don't think that is true. that is where we need to have the narrative on our side and

expose those pieces, put transparency to where they violated the deal. even smallest pieces. so when they do some small infractions of this, keep extra uranium, keep extra yellowcake or not shipping out pieces, make those known to the public community at large, european community, china, russia and start touting those pieces are the violations. david: i want to alert our viewers again what you're looking at is live pictures from andrews air force base. there is the president's assistant getting out of marine one and here comes the president. he is on his way to mar-a-lago. spending the weekend there after a very busy week here. i want to put up on the screen, and forgive me if i'm covering -- let's let the president go a little bit further. because we don't want to cover him up as he boards air force one. will this regime, david, go down before they get a nuke?

because as you know there is something akin to revolution going on right now in iran and some people are kind of hoping before they get a nuke we might see a change of government there. >> i don't know that change of government would be for the better. there is still a lot of questions on what would the succession plan to supreme leader khamenei be. khamenei and president rouhani are on colugs course. president rouhani supported pieces of the government reform protesters out there. they will stamp down these protesters, be sure of it. they have decided to take a hard-line against them but you could see some massive changes, as far as supreme leader khamenei could get rid of presidency in his power to do and rule through a prime minister. there are changes coming down the road. david: i have to change gears. you saw the hezbollah report, that the obama administration wanted the nuke deal so bad they pulled out rug from under a joint investigation, task force looking into corruption, drug

dealing, gun-running that hezbollah was involved with, a billion dollar operation. that investigation was stopped to get the iran deal. now jeff sessions, our attorney general, wants to start it up again. is that possible? after you alerted the world that you're investigating, don't the criminals kind of cover up what they have been doing? it is much harder to restart an investigation? >> i'm sure but they're going to just change tactics. they're not going to stop doing what they wering doing. so hezbollah will continue to do it. so now go after it, look at it, they may think they have a free pass or they become so clever they can get away with it. i think it is great to restart the investigation. david: let's hope they are able to pick up where they left off. david sears, thank you for flying with us here. we covered a lot of breaking news. appreciate you coming in. >> thanks, david. melissa: back to the drawing board, president trump rejecting proposal from bipartisan group of senators from the daca deal. what happens next? congressman andy biggs, house judiciary committee member is up

next. david: sharing the wealth. a growing list of companies citing tax cuts and employee bonuses but the doom and gloom continues from some top democrats. steve forbes, forbes media chairman, sounding off next. ♪ lenge. the gig-speed network from comcast business gives you more. lenge. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today.

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david: deals foreso-called "dreamers". bipartisan senators say a deal

reached but president says no deal. what is in the deal. fox news chief congressional correspondent mike emanuel. it is very complex, mike. reporter: no question about it. the talks that seem to be the central focus are bipartisan and bicameral including top leaders in the house and senate. from the house, republican kevin mccarthy and democrat steny hoyer, from the senate, republican john cornyn and democrat dick durbin. house speaker paul ryan endorsed their work. >> the four of them started bipartisan talks, trying to aggregate all the ideas out there to come to consensus. do which need to fix daca? yes, we need to fix daca. i think it is important which fix it in a balanced wayport port after the bipartisan group of six senators plan was rejected by president trump. durbin is part of that group as well. he says he is not giving up. >> we're going to prepare our bipartisan agreement for introduction into the senate next week. if the republican leadership has

a better alternative, bring it forward. if they don't, for goodness sakes give us a vote. i will be on the phone today with my republican colleagues and my democratic colleagues begging them to support this measure. time is running out. we have to get this done. reporter: the president gave congress a march 5th deadline to work this out. democrats are trying to force action now, feeling like they have leverage because their votes will be needed facing upcoming fiscal deadlines. david? david: mike emanuel, thank you very much. melissa. melissa: here is arizona congressman andy biggs, member of the house judiciary committee. the kumbayah moment we saw earlier in the week, everyone in the room working towards something, seems like we'll get something done, that is up in a puff of smoke at this point or are there people on the side behind the scenes still working? what is going on? >> well, i think that the plans that you're seeing out there are not really satisfactory to anybody. and so they're going to just keep working. my problem is, they're

conflating the idea of daca with the "dream" act. they're putting the cart before the horse. i think we need to be building the wall. melissa: there is a lot of different competing interests is basically what you said. one thing i want to clarify the president said he would sign whatever came before him, if everything was negotiated. what came apart today was not final thing negotiated by the final group. this is one phase, right? >> oh, exactly right. i have seen at least four potential plans that are out there combine daca with "dream" act or keep daca separate but have different other components to it. and that is what i've seen out there. and none of them really get a big group of people behind them. they you will have their own little groups behind them right now. >> saw wall first. you wrote in an op ed, mr. trump, fund, start, finish the wall before you tackle daca, illegal immigration. i can understand why you would feel that way.

on the other side we heard there are democrats, certainly heard from them in the meeting like, clean daca first. make sure everybody is okay then we'll do the rest of it. neither of those things are very realistic right? isn't that the problem? >> i think you can -- the president said in that meeting he could build the wall in a year. let's do that. and, right now you could, if you could build the wall in a year, then you can bring back the daca issue. melissa: we heard and also, sure he can build it in a year, probably build it in a less if he wanted to. that is not the problem. he need congress to appropriate the money, right? >> absolutely right. in the past when we approved a wall, we gave money took it away. we need to make sure the money is there. that is exactly why i'm concerned about putting cart before the horse. if you provide amnesty whether daca or do the full clean "dream" act, then you don't fulfill your promise, are you going to take the promise away? are you going to lose that promise? melissa: i will issue a challenge to you. just us. don't worry about anyone on the

other side listening, just sort of between you and me. if you really wanted to this thing moving what would be a good first step to get things going in the right direction again? i think a lot of people in the audience were disappoint the. earlier in the week we felt we were on a roll. now like, uh. what could get us going in the right direction, like a small thing? who could call whom? something? >> i think a small thing people agree on is more border patrol agents and judges to work through the system. that ising something that both sides i think agree on because, you got people out there that can't get processed. you have people being released no the country, that is way to get things together. melissa: congressman, we appreciate it. have a good weekend. thank you. >> thanks, you too. david: the storm that has devastated southern california with mudslides is threatening destruction in another part of the country. we'll show you where and what to expect coming up. plus the storms may have moved out but people in southern california are still struggling to put their lives back together

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david: despite a growing list of companies citing tax cuts for employee bonuses some democratic leaders are dismissing the benefits of tax reform. take a look. >> in terms of the bonus that corporate america received versus the crumbs that they are giving to workers to kind of the schmooze on is so pathetic. it is so pathetic. david: did you see the kind of crumbs, crumbs. forbes media chairman steve forbes. there is so much about that. we played over and over, maybe unfair to play it too much however, i can't get enough of it because it points out crumbs to one of the richest people in the united states congress, she is worth about 40 million bucks, lord knows how much she got as a result of being a public servant but for her 1000 bucks is just

crumbs. for a lot of people out there it is about 20 bags of groceries. that is an important part of your quality of life! >> one or $2000 is real for most real people. in washington where their standard of live something three times the bureaucrat there, two to three times the peers in the private sector. so they're not living in reality but also these cuts from corporate tax rates mean they're going to be spending more money. where do they get their money from? david: from us, of course! >> so it means, not only keep more but you lower price doing good things, investing expanding, creating better new jobs, increasing pay of existing jobs. when you have a booming economy, what happens? people suddenly become scarce. and so that means your wages will go up. david: you hit the heart of it. it is this concept that we control, we meaning the government, controls everything. we dole out everything that you have. we are responsible for everything that you have.

and therefore if we have less money to dole out that is bad for the country. that is their attitude. it is not that the folks out there created stuff, it is that somehow the government created everything. >> well, what i think they secretly fear, if you have a a vibrant private sector, less than government sector that is power for them. that is the game, power and control. they don't like the idea we'll start to take it back. david: move over to easier to understand segment of the population, that is business. that is what we're in business to do. we cover business. the question whether it is good business to do what a lot of these big companies are doing now. handing out bonuses, giving money that they got from tax cuts directly back to the employees. we had earlier on fbn, we had the head of one of the companies that is giving out bonuses waste management, play that tape and i want to get steve's response. >> those folks, some of them make between 40, 50, $60,000 a

year. this is, this is important to them. secondly i would tell her that we whatever benefits the economy benefits us. david: is it good business to do what these companies are doing? >> absolutely. it shows right away this thing is having an impact. more importantly though the next couple years it will the no be a unone-time bonus. it will be your pay actually going up. more permanentment one one nice bonus. david: the only way you expand is hering people, hiring people with less than 4% unemployment is raise salaries. >> it will labor shortages in some sectors. it will have beneficial impact. best educators are company. david: that's true. that's true. in terms of the political impact because we have the november midterm elections coming up, if the democrats keep harping on fact these are just crumbs to the plebes out there, that is what they're getting back on the tax cuts but the economy keeps

growing 3% and jobs keep growing and salaries keep growing, are these comments just going to be lost in the wind of an onslaught to reward republicans for what they have done for the economy? >> this gets to whether the white house and the republican party can learn a thing called messaging, getting your message out, having a positive theme, like they call this thing originally tax reform. what does that mean to anybody? nothing. tax cuts, people get. if they learn to message the way democrats have, they will be able to dominate the agenda, instead of responding to things that you said or didn't say, have that agenda, stick to it in a very positive way. then you can turn this thing around. but right now, people say, economy is get being better, god there are so many crazy things going on, that will hurt the republicans if they don't correct that. david: steve, talk about getting messaging out, you and i have been trying to get the message out 17 years on wonderful show, one of the best shows, i'm not just saying that, happens to be

ratingswise the fox news has "forbes on fox." unfortunately because of changes we're making we're going to miss "forbes on fox." we will get "cavuto live" every weekend from 10:00 to 12. we put together a collage from highlights long ago and far away. i'm sure some will embarass both of us. >> back when you were in kindergarten. david: i'm david asman, welcome to forbes on fobs. no one wants to be compared to enron and arthur andersen. people are throwing everything from the kitchen sing. >> the information should be disclosed. if they know a company has a reputation for disclosure they will trust the company. david: war is the word on wall street these days. snowdown on saddam being blamed for all the red arrows in the stock market. >> once you get over fierce of the war, once the crisis is resolved, people say the economy will recover. david: new all-time high for the dow next year? is possible, probable or a pipe-dream?

>> the dow should go over 12,000 next year. david: for everybody here on "forbes on fox," have a wonderful weekend. when we started "forbes on fox," it is high-brow magazine, how will it work on television to talk about the all the intricate stuff you talk about, we managed to do it for 17 years. we didn't talk down to the audience. we presented very complex subjects in a way everybody could understand. >> i almost said who are those two guys? we looked so young. david: we had a lot of help. i can't forget by the way former managing editor jim mickelson, 88-year-old guy was still on. he had raspy voice and art threat i can hand, demos, younger people tuned in when he was on. we loved him. >> key getting out information in a way people find useful. fox to its credit was the first and only station to take a print media and make it successful on the screen. david: well thank you for that. tomorrow you can't miss 11:00 a.m. on fox news channel, "forbes on fox," it is our last

show but then again, the following week you will see "cavuto live" every week at that time. be prepared for that. >> guys have not aged at all. david, i don't know what your secret is. i will miss the show. i will watch it tomorrow. you guys are the best. the storm that devastated california with heavy rains and mudslides is now heading east. what you need to know next. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum -- just to help you improve your skills. boom! that's lesson one. education to take your trading to the next level. only with td ameritrade.

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[beeping] david: crews inside of southern california dredging all the mud left behind from this week's deadly mudslides. santa barbara officials say the priority is rescue those still

missing. they say five folks are still missing. they say the number could go up. 17 people have died so far. we learned two of the victims were husband and wife who were married more than 50 years. tragedy. melissa: heart-breaking. torrential rain that caused the mudslides moving east, to the other side of the country t will leave the midwest and northeast frozen over. oh good. chief meteorologist rick reichmuth is tracking it for us. at least we have weatherman umbrella rick. >> yes, you need it today. it help ad lot of people today. not only that the rain but cold air on its way in. we had the horrible cold spell last the better part of a couple weeks. the cold a unfortunately coming back. the northern plains, you're back cold again. cold air falling down across the south. this right here is the big dividing line. warmer air across the coast. look at temperatures, 58 in boston. 60 in new york city. that is hot and muggy.

that will be short-lived. cold air becomes in behind the storm. complicated storm, with freezing rain, a lot of snow across the ohio valley. snow was across parts of mississippi and parts of alabama. all to the east warmer air is in place. it is all rain. there is a lot of that rain to fall. because of that we have flooding concerns. we have winter storm warnings in effect. anywhere from parts of tennessee all the way up across interior sections of new england where the winter side of this is. on eastern side of the storm it is all warm air so that means it is rain. because of the snow fellas week that is meting rapidly because of warm air. because of that we have flooding concerns here. we have floods. is this the future radar. we'll watch tonight the snow move through here. a lot of rain during the overnight hours and then a very quick freeze behind this take a look at by tomorrow evening 11 degrees in buffalo. the cold air settles back in for

almost everybody. today, as high temperatures go towards tomorrow. cooler air across parts of the east. sunday, even cooler. monday, next little batch of cold air comes in. tuesday, look at that, little rock, 28. melissa we're talking about the cold air again back in. melissa: on my app, i kid you not, the woman in my building, do you know we need our umbrellas today. i showed her my weatherman umbrella app. it was going to rain. this is your product. i didn't even know i was going to be on the show with you today. i told her, she got her umbrella. i had mine. it worked. >> this makes me so happy. this was entire goal of it. melissa: it worked in real time, rick. bless you. >> weatherman umbrella.com. david: now you can't get a free one. you could have got before the plug. now you can't. melissa: good idea. david: we'll be right back.

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melissa: monday is a holiday.

david: we're happy for you not necessarily for us, but we're going to have a good time. you can catch melissa and me at our normal time 4:00 p.m. eastern right here for after the bell. weather man umbrellas? melissa: yeah that's it. risk & rewards starts right now have a great weekend. liz: president trump stopped short of reimposing economic sanctions on iran over its nuclear weapons but the president set a deadline for when the u.s. will pull out of the iran nuclear deal unless its flaws are fixed we've got the details. the president also getting blasted for offensive comments about haiti and african countries, language the president now denies. we're on that and whether this firestorm affects the immigration deal that's just now coming together in congress. and a fight in the democrat party. democrat house minority whip denny hoyer says minority leader nancy pelosi made offensive comments when nancy pelosi said the immigration negotiations are