struggled in light of concern that we would see any kind of auto tariff situation. [closing bell rings] that will do it for the "claman countdown." don't move. we have facebook earnings. melissa is there with adam shapiro. melissa: we have the rose garden shot up ready to go. adam: appears for a big victory for president trump. stocks climbing into the close as we await comments from the president on new trade deal with europe. the dow closing up as you can see 173 points. we'll bring you the comments when they get to the podium live. all three major averages ending in the green with the nasdaq closing at a new record high. hello, i'm adam shapiro, in for david asman. melissa: what exciting day to be on the markets, watching tv, watching the rose guarden. i'm melissa francis. let's go first trait to the white house to blake burman.

blake, tell us what you're hearing. reporter: we're hearing more than anything else. jean-claude juncker got here at 2:30 in the afternoon and now it is 4:00. we aare gathered in the rose garden awaiting president and president of the european commission to make joint announcement and joint statement, potentially take questions, the flags behind me, u.s. flag and european union flag. make of it as you wish. liz is talking about headlines from "the wall street journal," apparently some deals has been reached between both sides though "the wall street journal" is citing european officials. we have not heard from the white house side of things so far, we do believe we'll hear from the president and jean-claude juncker shortly. we don't have any sort of timing. we've been waiting in the rose garden half an hour. i should, add, melissa, we were summoned here seemingly out of

nowhere. pool reporters supposed to be covering the president on this day as it relates to video, et cetera, were called 3:15 this afternoon. out of nowhere we were told, get to the rose garden, it is open press event. here we are. 4:03 in the afternoon. send it back to you. melissa: i hope you're not getting "punk'd." reporter: i don't think we're getting "punk'd," because it is 90 degrees bus we're not complaining. >> blake, thanks for sticking there with for us. it is big news. adam: we want to go to nicole petallides on the floor of the new york stock exchange. nicole, it was about 3:25 i called charlie brady in our newsroom, why is the dow up two points, then boom, look at this. >> absolutely. we had foreshadowing at 1:37 p.m. when president trump came out and said they were working on a deal. we went from negative into positive territory.

we get breaking news that the concession ises have been made between the u.s. and the eu on soybeans, liquified natural gas, industrial tariffs and also medical products as well. with that, when you see that, it was an exciting afternoon. look at that pop. stocks moved higher. things moved to new highs. we had dramatic move higher. nasdaq hits all-time high. we have many tech stocks at all-time highs. mike off the, facebook, which we're waiting on. also google. we had boeing which weighed on the dow jones industrial average out of gate. down 80 points. off 2.7% at one point. it is down a fraction of that. by the way they have business costs in defense. they disappointed on commercial airlines. then you have chrysler. we have the untimely passing of sergio marchionne who was so well-respected in the industry. stepped down from his ceo role

afterness from a shoulder surgery. he passes. we have a ceo going ahead with tailwinds behind him. analysts are seeing growth for fiat chrysler in north america. so he has a good start, a good footing to stand on. both fiat chrysler and general motors warned going forward at least in part because of tariffs. ford after the bell, spoke to consumer edge research, he was noting risk to auto sales. they have had a great run. prices have gotten very high. that has given them the power to do well. however even with inseptembertives now, they are so high, consumers say are not afford it anymore. moved to used vehicles. they are seeing jump in used vehicles. more from the ford analysts. that is one thing that jumped out in particular. an analysts are hot on autonomous driving and

autonomous vehicles. that is the growth area. facebook hits a new high, up 1.3% going into its earnings, leave it back to you. we had quite the last hour of trading. back to you. adam: nicole, thank you very much. we'll bring in market panel. john layfield, layfield reports ceo. fox news contributor. bubba horowitz, we'll go straight to the president and jean-claude juncker. people don't like president trump, don't like this but his strategy is working. this is victory in negotiations with europe? does that have impact going forward with regard to the nafta trade negotiations and china? >> well i think that president trump just backdoored the tpp deal. he just putting massive pressure on china based on what he is doing. we have a deal with mexico. we'll have the deal with the e.u. most likely. this was so sell graphed with the market -- telegraphed with

the market. his brilliance doing deals each time he does something, somehow they come back and work this is another example of him doing a great job running country as a businessman, trying to put the country back on the map. adam: john, i ask you this, give kudos to melissa francis called this on fox news channel. melissa: very nice of you. adam: this would be big. the market could really take off if this pressures china into some kind of deal. what would you expect? >> yes. that is exactly right. that is what the market wants to trade on. the market wants to trade on market fundamentals. this economy is on fire. this earnings season we've had one of the best in 30 years. 30, 40% comes from the tax cuts. if we get geopolitical events, potential tariffs and trade war off the table, this market is set for significant rise higher. adam: when you talk about significant rise higher, i want to bring todd back into this. where should i put my money. a lot of people may have come out but get in before china.

we saw lng pop. where should you put money because we don't have deal with china? >> i think right place to put money somewhere into agricultural thing, commodities plays. adam: to the to ininterrupt you. apologize. we have facebook earnings. straight to susan li with the facebook report. >> facebook down in after-hours being sold much lower. first time in eight quarters we have miss when it comes to revenue. $13.23 billion is what facebook made in the three months. less than what analysts expected at 13.36 billion. when bottom line, profit, eps, $1.74 adjusted. this is better than what analysts had expected but given this quarter, cambridge analyst at that, privacy scandal, about monthly active users, daily active users, guess what? we got a miss. 2.23 billion on monthly active user number. that is less than the 2.25 that

analysts had expected. we saw 1.47 billion for daily active users. slight miss, i know it is slight, when you are trading at record valuations and people have high expectations it is prove-me quarter and looks like the market is a bit disappointed. adam: we'll have you dig through that we want to talk about this. melissa: michael nunez, mashable deputy tech director. michael, let me start with you, what do you take from the news first of all on the miss on those active users? >> that is obviously a metric people have been following with facebook. a lot of facebook value comes from people tuning in to all the various products. instagram and whatsapp. as long as people tune into the products can continue to add, i'm sorry, continue to insert ads between the pieces of content. if they're adding less users over time, growth ask ultimately slowing, people may be paying less attention to the products.

melissa: scott, the stock is getting crushed. is it users? miss on revenue? what is your thought? >> i think it is just, listen we priced it up so high, melissa coming into this. market expectationses has a loto do. stocks was at record high. no surprise with a small miss they will sell it off pretty hard. the stock is a great stock. i was short coming into this. chance to go little bit lower. you want to look at opportunity to buy it. again they priced in expectations, didn't meet it. last time it was punished will come back again. melissa: john, you own facebook as well. what do you think of this? >> i think economies of scale finally caught up to them. you have to have a earnings miss at some point. i agree with todd. expectations on this because tech stocks are impervious to trade talks, they have been exempted from most of the trade tariffs. a lot of money goes into this. when you have a valuation

increased because of money going into it, when you have a miss like this it will sell off. i think facebook will be fine. i think facebook ends up with nfl or epl rights, that will be huge news next couple years. melissa: michael, what is your takeover all on this? after the scandal and that they have been through, do you think facebook is on the decline? do you think the rate of deceleration slows? how would you characterize it? >> no. i think i have been being showed how well the company shrugged off controversial incidents. cambridge analytica, seems like something new with facebook and new controversy. the stock continues to climb. key factor will be watching instagram grow. whether instagram growth can offset some of the, basically the delete facebook campaign or people moving away from facebook. melissa: todd, you said you were short coming into this. what is your, what would you do with your position now, given what you've seen here in this report? >> well, i'll take part of the

shorts off here as soon as i'm off with you, trade it in the after-market. i will keep some on. i think there is little bit more room to the downside. i don't think it does damage to the company. i think the company is outstanding. they will be great going forward. even the train stops at station for a while. i think it is time for a little bit of a breather. nasdaq closed at 8,000. i wouldn't be surprised if amazon missed tomorrow. melissa: john, as a shareholder, what would be your first question on the call? >> question on the call what will they do with sports rights? when rupert murdoch got into the start india cricket league, one group he brought up twice was facebook as far as competition. to me that is the biggest thing they can get into, getting into these sports rights. they tried to get into several different sports leagues in the united states and asia, also europe. to me that is the next step for those guys. melissa: michael, what about you, what would you ask? >> i would be focused on what a lot of people know whether they

monetize messaging platforms. messenger and whatsapp are growing past month and past year, can facebook monetize those platforms? melissa: guys, thank you. adam: here is from margaret thatcher freedom center and, also an institute of international affairs director. start with you. report from blake burman in the rose garden a eu official tells him they are still workingthe negotiations to avert new tariffs. no concessions made. is it possible that the reports of a trade deal, the soybeans, the liquid natural gas, that that was premature and someone got it wrong, or, i mean why are we waiting do you think for this presser? >> well, that is a very good point. a lot of confusing signals being sent actually from different eu officials. my sense is that the european

commission executive branch of the european union are not necessarily going to be making major concession is to the united states. i think this is not just about economics for, for the eu, for the european commission. this is about politics, this is about power. it is about the beg picture strategic vision for the eu and after all you're dealing here with unelected european union bureaucrats actually who, at the end of the day are not really accountable to european publics and i think you have a strongly anti-american mood actually in brussels right now, very strong anti-trump sentiment that is there. so i would be surprised to see some major concessions coming from the european union today actually. although there could be some superficial, minor concessions that are touted. adam: what do you think of that? we've just seen a big pop in the

dow and s&p and nasdaq the last 45 minutes of trading. that may have been the wrong play if what nigel, nile just said is accurate how do you interpret the conflicting reports? and how do you get 26, 27 members of the of eu to agree what juncker might be negotiating? >> i think we have to look very closely at the wider context and the wider context here is the that this is really all about china and it's really all about china distortions and what trump has managed to do get the attention of the world focused on that problem. he also has the attention of the chinese government. there is wider context here. the european union have been affected by tariffs that were intended, primary intended target of these tariffs was the european union was the china, i'm sorry. so what eu has done, the eu sort of got caught in the crossfire between the u.s. and china. adam: okay.

>> right now what has to happen is, what trump is looking for, are you meaningly going to contribute to stop asset distortions in the world? adam: you point out we had china distortions and agreement to deal with that the last 15 years and nothing ever happens of the will we see something meaningful when president and juncker take the podium? >> that is problem. we had discussions for 15 years and no progress. trump has gotten attention to the world to focus on the problem that they have to deal with it or continue with the trade war. we're in early stages of warning shots here. what the trump administration desperately wants to get the eu to be helpful in the prosecution of their case frankly against china. the eu on the other hand has to balance as you mentioned all the 27, 28 different member-states. what we saw with trump tariffs is that european unionty broke

down almost after tariffs imposed. france saying one thing, germany saying something else. what you have got in the european commission is a conflict where some want to have a trade deal that involves industrial goods, lower tariffs on cars. the germans are quite anxious to lower tariffs on cars. the french on the other hand are concerned that trump's real target is agriculture. adam: french agriculture subsidies? >> so this is the -- adam: real quickly, the president and juncker are about to come to the podium. nile, very quickly, whatever concessions if there are any announced, are they legitimate or is this all pie crust, easily made, easily broken? >> you know i think there is awful lot of spin comes from brussels, from the european commission and i would be, you know, very, very skeptical about the eu offering anything of real

substance today. if the european commission leadership was seen to be making concessions as well. i think they would be accusations of russ sells basically, bowing to president trump. that of course would be politically very risky for the officials to do. i think it is going to see some major deal struck today. let's not forget today, tremendous animosity exists within the brussels machine against the trump administration, against the trump presidency. adam: yep. >> there is deep-seeded protectionist mind set within the european yule. adam: nile, very sim isly, do the people poured money into the market last 45 minutes, did they lose a lot of money? do you think we might set up for a selloff because a you said it will not be much of anything with these concessions? >> yes, we could be seeing some kind of a sell off tomorrow.

reality is, threat of a trade war with the eu, of course also with china as well has had an overall dampening effect on the u.s. stock markets this year at a time generally when the u.s. economy is generally doing very, very well, but the fear of a trade war has been the number one factor actually suppressing the rise of the stock market this year. could you see a continuation of that actually. melissa: or could see it reverse exactly the opposite direction, come out with some seeds of a deal here. adam: would seeds after deal be enough to keep this rally going? >> the market will interpret some minor concessions today. trump has track record making strong pronouncements. when they are meeting making some concessions. adam: i want to let you know that president trump and president of the eu commission mr. juncker are coming out, coming to the podium. we'll listen what they have to say. the announcement we believe to be of concessions. here they are.

>> thank you very much. appreciate it. and i appreciate all of our great senators and so many of our representatives for being here. senator john bozeman. john, you're here someplace? hi, john, thank you. senator mike crapo. thank you, mike. senator steve daines? senator hoeven. thank you. they're all here. senator cindy hyde smith. cindy, thank you very much. senator james lankford. james, thank you, james. senator pat roberts, he loves those farms. he loves the farmers like i do. representative diane black. diane, thank you. representative kevin brady, with our new tax bill. how is it coming, kevin? good? representative mike conaway.

mike, thank you, mike. representative dan newhouse. thank you, dan. representative chris at this noem. have to call you governor, now. that was a great win, thank you, christie. representative daivd reichert. david, thank you. so we had a big day, very big. we met right here at the white house to launch a new phase in the relationship between the united states and the european union, a phase of close friendship, of strong trade relations, in which both of us will win, of working better together tore global security and prosperity, and a fighting jointly against terrorism. the united states and the european union together account for more than 830 million

citizens and more than 50% of the global gdp. in other words together we're more than 50% of the trade. if we team up, we can make our planet a better, more secure and more prosperous place. already today the united states and the european union have a one trillion dollar bilateral trade relationship, the largest economic relationship anywhere in the world. we want to further strengthen this trade relationship to the benefit of all american and european citizens. this is why we agreed today, first of all, to work together towards zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods. thank you. [applause] thank you. thank you. we will also work to reduce

barriers and increase trade and services, chemicals, pharmaceuticals, medical products, as well as soybeans. soybeans is a big deal. and the european union is going to start almost immediately to buy a lot of soybeans. they are a tremendous market, buy a lot of soybeans from our farmers in the midwest primarily. i thank you for that, jean-claude. this will open markets for farmers, workers, increase investment and lead to greater prosperity in both the united states and the european union. it will also make trade fairer and more reciprocal, my favorite word, reciprocal. secondly, we agreed to a strengthened and strengthening of our strategic cooperation with respect to energy. the european union wants to to import more liquified natural

gas, lng, from the united states and they are going to be a very, very big buyer. we'll make it much easier for them, but they will be a massive buyer of lng. so they will be able to diverse their energy supply which they want to do and we have plenty of it. third, we want to launch ad close dialogue on standards, in order to reduce trade, reduce bureaucratic obstacles and slash costs dramatically. fourthly we agreed to join forces to protect american and european companies from better and really better than ever, we never done like we're doing. i can say from the standpoint of the united states, we have never done this well but we're going to do a lot better after we do this deal and other deals that we're currently working on. likewise the european union is going to do better, stronger,

bigger. we will therefore work closely together with like-minded partners to reform the wto and to address unfair trading practices including intellectual property theft, forced technology transfer, industrial subsidies, distortions, created by state-owned enterprises, and overcapacity. we decided to set up a immediately an executive working group of very intelligent people on both sides. it will be our closest advisors and, they're going to carry out this joint agenda. in addition it will identify short-term measures to facilitate commercial exchanges and assess existing tariff measures and what we can do about that to the betterment of both. while we're working on this we will not go against the spirit

of this agreement unless either party terminates the negotiation. so we're starting the negotiation right now but we know very much where it's going. we also will resolve the steel and aluminum tariff issues and we will resolve retaliatory tariffs. we have some tariffs that are retaliatory and that will get resolved as part of what we're doing. with that, jean-claude, please. >> mr. president, ladies and gentlemen, when i was invited by the president to the white house i had one intention. i had the intention to make a deal today and we made a deal today. we have identified a number of areas in which to work together, work towards zero tariffs on industrial goods. that was my main intention, to propose, to come down to zero

tariffs on industrial goods. we've decided to strengthen our cooperation on energy. you will build more terminals to import liquified natural gas from the u.s. this is also a message for others. we agreed to establish a dialogue on standards. as far as agriculture is concerned, european union can import more soybeans from the u.s. and it will be done. and we also agreed to work together on the reform of the wto. this of course is on the understanding that as long as we're negotiating, unless one party would stop the negotiations, we hold off further tariffs, and reassess existing tariffs on steel and aluminum. this was a good, constructive meeting. thank you, donald. >> thank you very much,

jean-claude. [applause] and i just want to conclude by saying this was a very big day for free and fair trade, very big day indeed. thank you very much, everybody. thank you. [showing questions] melissa: we're listening here, as you see the president walking away there, after making those announcements, you hear reporters yelling questions at him, you never know when he will turn around and answer. now he is at the door. this was a huge announcement. the president basically saying at this point they're going to zero tariffs on industrial goods, talking very much about the importing more lng into europe. that is a direct strike at russia. and that conflict they were talking about last week when they last met. let's bring in our panel. nile gardiner, march march get

thatcher, institute. and shair, what is your impression what you heard? >> i think that was very encouraging set of announcements. if you look what they actually broke down there, normal industrial goods, tariffs going to zero, the standards dialogue, et cetera, that sort of thing looks much like reinvigoration of the old transatlantic trade investment partnership and agreement negotiations that was suspended much earlier on. i think we see this as revile of transatlantic dialogue that had failed. so i think trump is achieved his goal of using the threat that he has made to bring the eu to the negotiating table. he is interesting that it is non-industrial goods. trump made a big deal about the reduction of tariffs subsidies and other barriers in that

sector. the reality, there are a lot of other barriers in that sector. most of the barriers are regulatory. those will be taken care of in the standards dialogue which will be a very, very difficult one. this is one where it is very good news that this process has started. it is very good news that we are moving forward, reviving the transatlantic trade agenda which had been essentially dead for a couple of years. but the devil is in the detail and the standards dialogue will be very tough. melissa: i think all the dialogues are going to be tough, nile. that is how we got to this place, that all of these dialogues were very tough and that we were on the losing end of some of them. now the president is saying, i mean it is completely different change in tone. you know, saying this is a new phase of a strong relationship. that they're officially putting on hold any new tariffs that may come into play it is a cease and

desist. everyone sitting at the table. nile, speak for a minute, they both mentioned energy cooperation and importation of natural gas, lng in a liquid form from the united states to europe. that is a direct strike at russia and the revenue russia was pulling out of europe as revenue and holding europe hostage. what is your take? >> overall a lot of positives to hear from the press conference. but as shankar mentioned, the devil is in the details. we have to dee dee tails of this. we have to see what the mood music is tomorrow as well. whether there is return to harsher rhetoric and language. in terms of optics here today, a lot of positives. you mentioned the issue of lng exports, imports and so on, as you mentioned this certainly is

a direct jab at the pipeline. melissa: it is. >> president trump was critical. melissa: we have to go. i'm sorry about that. gentlemen, thanks for sticking with us. we appreciate it. adam: more on the president's big announcement from the white house. tariffs taking a bite out of gm's and chrysler's bottom line. is ford faring the same? the results from the automaker. the numbers you need to know coming up next. and the miles an. he's gonna get mine -but i'm gonna get a new one. -oh yeah when it's time for your old chevy truck to become their new chevy truck, there's truck month. get 18% of msrp cash back on all silverado 1500 crew cab lt pickups when you finance with gm financial. that's $9,000 on this silverado. plus, during truck month make no monthly payments for 90 days.

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a smart way to track every step, ensuring this coffee did indeed come from 6,000 feet above sea level. and not a foot lower. ♪ ♪ adam: taking another look at facebook shares. sinking after hours following release of facebook second-quarter earnings. the social media company missed on estimates for monthly active users. sales and expenses of the company jumping 65% for the quarter. the company continues to work on its image following backlash over data and privacy. melissa: breaking news right now. ford reporting second-quarter earnings. let's go back to susan with the numbers. susan. >> melissa, we have miss when it

comes to profit. adjusted they put in 27 cents for the quarter. that is slightly less than 31 cents that analysts had expected for those three months so that's down. also revenue, a bit of a beat, 38.9 billion. analysts were looking for 35.83 billion. that stopped analyst estimates but they revised the guidance for the full year. a range of $1.30, $1.50. they're concerned about certain regions of the world, asia-pacific, china, europe as well. shares are trading down to five 1/2-year low heading into the after-hours and we're still lower at this point. looks likes they're feeling pressure from some of these global markets and restructuring is underway. back to you. melissa: susan li, thank you. adam: bob shanks, ford chief financial officer. thanks for joining us here. get right into the number. you beat on revenue, what do you account for the miss on earnings? is it because of decision to stop producing sedans, maybe

scaring away buyers? what is going on? >> no, not at all actually. the north american business if you adjust for impact of the big fire we had at a supplier named meridian performed very, very well. the miss versus wall street was around a difference in the tax rate. adam: okay. >> that was really what was the primary driver there. adam: let's talk about, i want to bring in the news with europe. i don't imagine that will impact seas too much in europe but as we look at your sales and what's going on in china, are you worried about the potential trade war with china having impact on future revenue and earnings report? >> well, certainly one of the things that we have seen thus far in the quarter is headwinds coming from everything tariff-related. actually tariffs themselves, in terms of impact on our imports into china, probably about $50 million of impact in the quarter. but also the effect that tariffs have had on the price of steel,

primarily but also aluminum, mainly affecting our business in the united states. we think the effect in the quarter was about $150 million of headwind. adam: do you think the announcement of concessions will that help the price of steel and aluminum? sounds a at least tariffs with europe on steel and aluminum will drop. will that have an impact on your business? >> it may help. also a nafta agreement we're hopeful will be soon in terms of realization. that would certainly help as well. i think, the main takeaway i believe from, that one could take from the news conference that we just listened to between president trump and the eu representative, is the fact that they have agreed to engage and to work towards free and fair trade. hopefully that is something that we'll see applied to a good

natural -- nafta agreement and resolve issues with china. adam: sergio marchionne passed away unexpectedly and there was statement from ford about his passing but he had approached ford and gm of consolidating. he backed away because no one was interested. do you see the auto industry consolidating? i'm a big fan of fusion hybrid, i will miss it when it is no longer available in north america. should there be consolidation globally? >> i think what you'll see, adam , of a lot more partnerships. we announced we are working with volkswagen in various parts of the world how we might partner and help each other. we also announced several mous, memos of understanding, mahindra, a strong indian player, how we might help each other in india. and markets beyond. i think you will see partnering

take on perhaps more a leading roll in terms of business designs with among the eoms as opposed to consolidation. adam: mr. shanks, appreciate you being with us on nbn. i am going to miss the fusion. fortunately we still have the mustang. >> good to see you. melissa: president making big trade announcements with the european union. more on that just after the break. ♪

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right direction. sounds like a lot of details to be ironed out but you know, this is a big day. we have treaties and tariffs and trade and trump and tapes and taxes all in one day. if it was tuesday it, would be perfect. melissa: right. then we could make it taco tuesday and it would all go together. what did you make from the demeanor of both of them? it seemed like there was in fact a lot of substance discussed. i know we said we need to hear more details but just in the fact in the meantime there is sort of a cease and desist what was a trade war that was escalating every single day, right there, that is something immediate? >> i think it is a very positive step. i've been rooting for the president throughout this. right after world war ii the united states was like the last industrial power standing. we accepted one-sided trade deals to help the rest of the world get back on their feet. that was 80 years ago. it is still in effect. it is time to readjust that. it caused the american middle

class to suffer for the last 30 or 40 years. one of the reasons why the american middle class is smaller and makes same amount of money as they did 30 years ago. no, we have to readjust. we want free trade but it has to be fair and i applaud for the president doing what he has been doing. i don't like tariffs, i don't like subsidies and he doesn't either but he has to do these things to bring the people to the table. obviously they're making progress. melissa: there is a huge conversation in america is president trump for tariffs and he wants a protectionist closed society, we only buy from each other and that is what he is really after or is he trying to negotiate to take down tariffs and barriers everywhere. do you think that is argument after today? >> i do not and never thought it was. he was using this to bring people to the table. it is obvious to me, only been in effect, tariffs went in march. we sit less than four months later, it is working. people are feeling pressure. where some of our partners

around the world, they got these sweet trade deals. they will not just say okay, we'll give all that up and put you on a level playing field. it will not come without pressure. he applied pressure and it is working. >> you see how things come together because he tied everything together with energy which with russia and national security. thank you. >> thank you. adam: visa reporting third quarter results. we want to go back to nicole petallides with the number. nicole. >> hey, guys. we're seeing beat on top and bottom line earnings per share and revenue. stock initially moved to the downside because there was a volume miss. you know what? as they started to evaluate the numbers the stock is up more than half a percent now, third quarter payment volume rose 31%. you know what it means for large banks and also for jpmorgan and citigroup, they're seeing credit card business on the rise. people are in fact spending. they reaffirmed 2018 and also

returned 2.2 billion of capital to the holders and repurchases, with repurchases and dividends. we are seeing this. look how it is gaining right now, up 3/4 of 1%. i wanted to bring to your attention also, we talked so much about the con eggs is which really turned this market around. one of the traders on his way out the door started to talk about, he comes into the booth and says something like, wow, look at that. the eu, entire continent bends down, takes a knee. they love it. they're eating it up, that we're finally getting not a trade war but some negotiations. this is why the markets turned, went from negative to positive and soared at the end of the day. last but not least, got a note from my buddy joel at wedbush on heels of facebook report from facebook daily active users, mobile revenues were slightly below but he did say it is dragging down the rest of the

group, amazon, netflix, microsoft, now off slightly because of lackluster guidance for the quarter overall. we're seeing the whole group, i checked them guys, they are to the downside. there is a look at facebook down 7 1/2%. with that miss we'll watch the whole group tomorrow. we'll watch it and maybe take it on the chin tomorrow. we'll see. adam: thanks, anybody coal. -- nicole. melissa: feeling heat on capitol hill, secretary mike pompeo facing tough questions from irabout iran and russia. we'll take you live next. was important then. and we know it's even more important today. so we're stepping up to volunteer more and donate over a million dollars every day. so our communities can be even stronger. it's a new day at wells fargo. but it's a lot like our first day.

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>> i personally made clear to the russians there will be severe consequences for interference in our democratic process. adam: secretary of state mike pompeo testifying right now before the senate foreign relations committee. hillary vaughn is live on

capitol hill with more. hillary? reporter: adam, we're in the middle of this back and forth with lawmakers, hour 1/2's worth of questions, they are still underway right now. most of the questions focusing on this putin-trump meeting happened behind closed doors in helsinki. off the top, pompeo offering fiery defense of president's decision what happened behind closed doors, being behind closed doors. several committee members pressed secretary what happens after the president leaves these meetings? there had been confusion, questions, sparking what came out in russian media and north korean media reports following the president's media, not only putin in helsinki and chairman kim jong-un in singapore. pompeo they made decision not to get into a tit-for-tat with foreign press, even if what is being reported is not true. pompeo indicates that private conversations with world leaders are critical for negotiations and they help insure a second face-to-face meeting.

>> in the absence of their belief that that private conversation has the capacity to remain in that space, reduces the freedom to have those conversations. i know you have had in your life, senator. you had private conversations you valued them. just you and someone else in that room. it was important. and you didn't give anyone a readout. because you wanted to have the chance to do that again because you thought you could make real progress with that person. reporter: as far as when the potential second meeting would happen, they were expecting it to happen in the fall. there are reports that will be delayed and pushed back until further notice. as far as juicy details coming out from what this meeting was, lawmakers here haven't really gotten that. we'll see if they decide after this to bring in a translator or look at notes, something two senators told me they would be willing to consider. adam? adam: thank you, hillary. melissa: here to react is general jack keane. start with this you heard news come out of this, some things you hadn't heard before. what was that? into first of all in his opening

statement secretary of state mike pompeo said the united states has made a formal declaration, put it in writing we'll not recognize russia's annexation of crimea. we said that always a matter of policy. when president trump one or two types made a statement to the effect that look, crimea happened during the obama administration. i had nothing to do with that. likely would not have happened if i was president. people misinterpreted that to think, well, maybe we'll recognize russia's taking of crimea. they wanted to clear that up. the other thing also pertained to russia. the secretary open pined that they did have some agreements. one was to conduct business exchanges again which have been cut off for number of years. to revise something called the counterterrorism council which is something i always felt russia and united states have a lot in common. i never understood why the bush administration didn't take more advantage post-9/11. that's a good thing. the tough one was syria. we will try to work humanitarian

crisis. we'll try to deal with displaced persons. we'll try to reduce the level of violence. all of that will be very hard. then he finally said, and we agree to disagree on ukraine. melissa: interesting. this is a lot of outstanding issues people in the media at least, detractors were concerned that the president had given away or been on the wrong side of. he kind of cleared that up. you heard that sound bite when you came in and secretary pompeo is so clear. he is such a good communicator. when he explains what is obvious, why what happened in the meeting will stay private. do you agree? >> yeah, totally. first of all there is nothing wrong with a private meeting because it gives you a capacity to build up trust. george bush had the same kind of scenario, a private meeting with putin with interpreters, followed by staff at a lunch, another further exchange and press conference after. i think when you having that meeting you're setting up the

next one. melissa: yeah. >> you're trying to earn that trust, ha some agreements and also find out where the real stress points are and where we have significant disagreements. i do think it comes out of those sessions. and i think some of the senators are chasing something they're just not going to get. melissa: yeah. >> the president has a right to keep his own counsel on those meetings. certainly shares it with members of his staff like the secretary and john bolton, et cetera. but he wants to protect those meetings so that at the next meeting, when he meets with putin, putin doesn't think, whatever i tell trump he will put it out into the media. melissa: they said that is why they didn't dispute, get in tit-for-tat with reporters from other countries when they reported things that weren't correct about the meeting. you get the sense that he shouldn't be meeting alone they try to make the president looks foolish. when secretary pompeo responds in logical way, makes them look foolish. it was interesting to hear in the trade de, talked about

tighter trade between europe and u.s. in terms of energy. don't you think that ties back into the russia thing, them getting energy from us? that is another hit on russia. >> look with the natural gas thing is such a major issue. melissa: big deal. >> this is is where russia feel more pain than anything else. their economy is struggling. they have inflation problems. currency problems. they have main, major internal problems. putin tries to masquerade that. threatened by outside strategic enemy of the united states but that will be a factor. melissa: thank you very much, general keane. appreciate it. >> good talking to you. adam: futures soaring after the president's announcement of trade deals with europe. more on what you to know before tomorrow's market open coming up next. where i think

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>> we a agreed today, first of all, to work together towards or zero tariffs, zero non-tariff barriers and zero subsidies --

[applause] onion-i auto industrial goods. thank you. melissa: there you go, markets soaring. look at this, this is futures for tomorrow morning. adam: it's a big day and and a victory for the president. melissa: evening edit starts now. >> so we had a big day, very big. we met right here at the white house to launch a new phase in the relationship between the united states and the european union, a phase of close friendship, of strong trade relations in which both of us will win, of working better together for global security and prosperity and a fighting jointly against terrorism. elizabeth: markets soaring on the e.u. trade deal. breaking news for you, president trump just now saying this is a very big day for free and fair trade. they're talking zero tariffs and trade barriers, even u.s.