could go on for a long time. we have to look for good companies. hold our breathe. lauren: ron, thank you very much. [closing bell rings] session lows. no record highs. that's it for countdown. "after the bell" starts right now. melissa: new records on wall street amid rising tensions with iran. the dow closing down 30 points. it climbed above the all-time closing high during the day. we're losing steam in final moment of trade. welcome to you. kristina: i don't think we've done this ever. i'm kristina partsinevelos in for connell mcshane. any positive close will mark a new record. however the nasdaq is in the red. all major averages ending in the green for the week. we have to break down breaking news with fox business team coverage. blake burman is at the

white house. gerri willis on floor of new york stock exchange and phil flynn watching action in oil at the cme. let's start with blake. what do you know? reporter: the big story of course iran. we heard from president trump earlier today. he said it was at the point which u.s. planes were almost sent to the skies which he made the final decision that he would end the mission to potentially target three different areas inside of iran. president when he spoke with chuck todd's of nbc's "meet the press," one of the reasons he made the decision, he wanted to know the casualty down. this is how the president described it once he got those figures. watch. >> they said, came back, said, sir, approximately 150. and i thought about it for a second, i said, you know what? they shot down an unmanned drone, plane, whatever you want to call it, here we are sitting with 150 dead people that would

have taken place probably within a half an hour after i said go ahead. >> yeah. >> and i didn't like it. i didn't think, i didn't think it was proportionate. reporter: there questions now why the information went to the commander-in-chief at the very last minute. national security sources tell fox the scenario the president laid out there would be highly unusual. there is also still questions about what the president meant earlier today when he tweeted out at one point the following, which he said quote, sanctions are biting and more added last night. we can tell you that we reached out over at the white house and treasury department and so far they have not accompanied any sort of rollout, any sort of sanctions rollout with that tweet from the president earlier today. back to you. kristina: big story. thanks for breaking it down, blake. melissa: oil is up 9% this week. let's go to phil flynn on floor

of cme. phil? >> iranian jitters, concern about the most important waterway, strait of hormuz, sent prices soaring this week. we had a backdrop of very strong fed by cutting interest rates or signaling that they will cut rates. signaling that demand will be pretty good. we don't want to underestimate the potential impact of the shut-down of strait of hormuz to the price of oil. it could be catastrophic. despite u.s. has a lot of oil, there is 22% goes through the straight on daily basis. any shutdown for any extended. could have impact. having said that, president trump pulling back from the brink overnight. eased those concerns a little bit. but as we go into the close of the stock market, we see the concerns are getting into the stock price. we're seeing price of oil despite pull back from the brink. rally into the close of the day and the after-market. when we look at market, it will

be pins and need needles and they can't wait until the market opens next week. melissa: we have jon hilsenrath, fix business contributor and neil bowen, "axios" markets editor. thank you both for joining us. i covered oil a long time that bounce is based on fear. i don't know about actual supply. we're not having a lot of supply shortages. that is driving a lot of the action in the market. what is your take things shake out over the weekend and on monday? >> this oil market has been unpredictable most of the year. you had the big bounce, oil up 30%, a little more than that and the big come-down. seems like that market wants any excuse it can find to bid the price of oil back up. it comes down. oil is incredibly volatile. >> that's exactly right. bid it up and it just deflates.

jon, what is your take. how does the fed fit into all of that? >> a lot of people are saying stock prices reaching new highs, because the fed is talking about lowering interest rates. i think that is how it fits into it. i think there is another story which is incredibly important and historically important. think about what is going on in the middle east right now, with iran and drones being shot down and oil tankers being hit with missiles. we have oil prices that are still down from a year ago, stock prices near all-time highs. i think the big story is texas. the united states has an oil boom going on in the permian basin thanks to fracking. that insulated a shock potentially from the middle east. it insulated stock market. stock market investors should be giving three cheers what is going on in texas which made the united states a net producer of

oil and not a major importer. melissa: amen. kristina: let's go straight to gerri willis from the floor of new york stock exchange. break it down for us. reporter: major averages all turning negative. just running out of gas here for many of the reasons your guests just mentioned. but for the week, up across the board. so good news there. talk about the dow winners, boeing, caterpillar, cisco systems. boeing logging some dreamliner orders for the first time since horrible experience with 737 max, confirming eps forecasts despite tariffs. cisco getting a 700 million contract with the government. the story of the day in my view, apple is asking to be exempt from the next round of tariffs on goods from china. why? because, they give the government a lot of taxes. that is at least what they told robert lighthizer in a letter today. they say, we are the largest

u.s. corporate taxpayer to the u.s. treasury. you should exempt our iphones, mac books from further tariffs. also, our parts and batteries used to repair products. apple expressing need for some conversation for revenues to continue to flow and money flow together treasury. back to you guys. kristina: gerri, thank you. jon, i want to start with you, do you think it is fair for apple to suggest that? they would be getting special treatment and wouldn't other companies want the same to be exempted? >> that is what is happening in the whole tariff process. the government opens up, when it is discussing i am posing new tariffs, it opens itself up for comment from companies around the economy whether they should be excepted. it has been inundated with thousands and thousands of exemption requests. to a certain extent apple is doing what everybody else is doing.

i think the bottom line here is, that it is very hard to create a level playing field when you change the playing field with tariffs. who do you exempt and who do you not exempt? you could say that apple says in its letter that its being put at unfair disadvantage against foreign suppliers, with these tariffs but at the same time, if they get exempted are they being given an unfair advantage over say, google android which is is a major supplier to samsung phones? you know, it is very hard to pick winners and losers here. that is what happens when you change the playing field the way tariffs are doing it. kristina: deion, do see any red flags, are you concerned about market as a whole. >> sound like you been reading "axios" newsletter. sign up for it.

melissa: nice plug. we respect that. >> i have to knock them down. >> how will i plug the journal? melissa: we'll sign up for the newsletter. kristina: what is in the newsletter? >> what is in the newsletter we talk about concern from investors and lot of analysts, folks are concerned that apple needs a new act, they don't have one coming. iphone sales down 30%. shipments down 30%. ios shouldn'ts are down 25% from the previous quarter. they're getting killed in china. they're really not popular. these tariffs now will add to the story. you're seeing shipment to the u.s. where apple is number one company, dropped by the most across the globe. so apple in a world of hurt right now. these tariffs really add to it. i do have to say, as you're looking at this request, remind me a lot of my neas who asked my uncle for a pony. you can ask whatever you want. that is not what will get you there. kristina: thanks, guys. thanks for the plug. i'm sure our audience heard.

>> sign up for the newsletter. melissa: escalating tensions, president trump calling off planned airstrikes on iran's military assets with minutes to spare. latest details from the pentagon next. kristina: breaching airline security. details on a violent brawl that broke out in a airport in phoenix. why the tsa is calling the fight a brazen, physical attack. melissa: wow, that is crazy video. expanding its limits, boeing, nasa, working together to launch u.s. astronauts to space by end of the year. we're taking you live to cape canaveral with exclusive look at star liner capsule and its mission. ♪ what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?!

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kristina: standoff between washington and tehran. president trump called of off a strike on tehran ten minutes before saying it was not proportionate. jennifer griffin from the pentagon. reporter: there is very different atmosphere at the pentagon today than from yesterday. patrick shanahan left the building for the last time. he resigned earlier this week. knave warships were ready in

position to strike with tomahawk missiles waiting go orders. president trump explained the change of heart, quote, we were cocked and loaded and to retaliate on three different sites when i asked how many will die. 150 people, sir, with the answer from a general. ten minutes before the strike i stopped it. not proportionate to shooting down an unmanned drone. i'm in no hurry. there remains serious questions what changed the president's mind. any military strike plan earlier in the day would have been accompanied by casualty estimate. those first military briefings by the pentagon occurred at 11:00 a.m. at the white house and 3:00 p.m. not ten minutes before the launch. this was a propaganda victory for iran. state television released video showing what is claims the wreckage of the large u.s. navy drone. it is the second time in a week iranian forces fired on u.s. drones. there is no evidence based on iranian behavior that these were rogue units. furthermore, iran said today it chose not to shoot down the

manned navy p s8 poseidon plane with 35 americans on board to avoid casualties. that plane we confirm u.s. officials was flying near the global hawk drone and shot the video of the drone being shot down. kristina: thank you very much, jennifer. melissa: here is peter brookes from the heritage foundation. former assistant secretary of defense. what do you make of the actions last night. what do you make of what the president did? >> i think the president's call was reasonable, prudent, defensible. people will see what they want to see or see in different ways, melissa. that is the debate going on right now but a strong signal was sent to iran, no question about that. we'll have to see how iran responds. melissa: i was probably going to say the most important interpretation of last night's reaction was irans. what do you think they make of that? >> they knew we were going to strike them. that send as very strong signal to them. i also think the president here

deciding not to strike wanted to keep the diplomatic door open. we made treaties as you recall through oman to iran about this situation. the president ultimately, the goal of his policy is to get the iranians back to the negotiating table to talk about their nuclear program, missiles and international behavior. the president may have decided, i certainly can't speak for him as you know, he may have decided if he took this action, we can always go back to it if the iranians continue provocations that would have closed the door to that diplomacy. like i said we'll have to see how iran reacts to this there will be words and rhetoric. we'll see how they react on the ground, the air and the sea. melissa: i was going to say, in what window do you look at the response to interpret how they took this? is it the next few days, and how do you judge that? >> next few days and beyond that

we heard some things this was not national iranian policy, that this was actions of rogue commander, that decided to do this. they took another shot at one our drones and missed provocations gone from tankers to drones. we'll have to see what the u.s. government does. we don't know in terms of intelligence. short term we'll look at this. if iranians provocations continue we'll certainly respond as the president looked at responding last night. >> what is the best we can hope for iran if they come to table? what is the best outcome. it is not regime change. they will not suddenly be good actors or stop funding terror. what is the best-case scenario? >> this is heavy lift. this is the same category of north korea, not easy. the iranian regime made its career being anti-american,

anti-israeli. it will be difficult for them to move away from that. they won't even talk to us. they wouldn't even talk to the obama administration initially. president obama reached out to them early in his administration and they slapped away his hand of friendship. eventually they were able to get him to the table because of tough economic sanctions that the obama administration put on them. we've put on tougher sanctions here. and in the hopes that iranians will understand pressure and influence we have to come back to the table. it is heavy lift to get them to change 40 some years of bad behavior. melissa: the peer, thank you. >> thank you. kristina: searching for answers. a dominican republic official downplaying reports that the recent death of american tourists are quote, exaggerated. u.s. officials are still sounding the alarm, we're on the ground in the dominican republic with the latest. hong kong uprising. thousands of protesters filling the streets again. why critics fear the demonstrations could hurt upcoming g20 summit. steve forbes, is up next.

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[shouting] melissa: new demonstrations in hong kong demanding police apologize for clashing with protesters last week. fox news's greg palkot live on the ground in hong kong with the latest. greg? reporter: hi, melissa. it is early saturday morning here, we're through another tense night in hong kong. the protesters active blocks from our harbor downtown location. police blocked the headquarters of this city well into the day and into this evening. they are upset and calling for the scrapping of a controversial extradition law which they say could expose their residents to the very suspect chinese justice system. they had other demands as well. we were out on the street. we saw how the protests kicked off. take a look.

student activists on this day in hong kong, staging in front of police headquarters here, demanding release of those arrested in last week's riots. for the moment, security authorities vastly outnumbered. the police seemed to be holding back today. there were no clashes. neither side really wanted replay of last week's riot which saw several dozens arrested and injured. at the same time we talked to these brave young folks out on the street, these activists. they sounded very determined. listen to a few of them. >> we're here today because the government is not listening to us. reporter: you're going up against china. you're going up against beijing? >> we clearly know that but there is nothing that we can lose. we cannot be afraid of that. >> i have hope somehow. reporter: you have hope? >> yeah i have hope in hong kong. reporter: remarkable stuff, melissa. last sunday we saw two million

people come out on streets in city of 7.4 million. we don't expect that kind of crowd. the fight continues. it is certainly david and goliath mission. these young people believe they can win out. melissa: greg, thank you. here to react, we have steve forbes, chairman of forbes media. he just said david and goliath. we refer back to the umbrella protests in 2014 a fight for democracy in hong kong. massive crowd, images we showed, massive crowds. can they get somewhere with this? i know a lot of protesters were, you know, positive but what do you think? >> what's remarkable is how peaceful those protests have been under the circumstances, two million. people have been speculating how that has happened. but you have the church officials urging the young ones calm down. occupy the high moral ground. they already won a huge victory. they defeated carrie lam who

runs hong kong on behalf the beijing. she had to back down. lost support of business community. they're trying to find a face saving way they can take this off the table. beijing doesn't want it anymore. they have other issues they have to pursue for hong kong. not good for hong kong. they're trying to getaway around this right now. kristina: that sounds optimistic. what about g20, could that add -- >> only if it descends into tianamen square. everyone is determined to avoid that. i think the focus will be not hong kong but obviously trade. kristina: you just brought up the business community and how they were angry with this bill in the first place. i know we're talking optimistically, if we to speak context of hong kong next chinese city. what would that mean for international business in the region? >> what makes hong kong unique, they still have a british system of justice. even though it has been eroded a bit by beijing.

people trust it. you want to list security, do it in hong kong, not shanghai. if they remove the unique features of hong kong, it will go down crashing down. attracts capital now. it has one of the highest per capita next in the world. 70 years ago it had one of the worst. rackable achievement, british system, legal justice hands off on the economy. hong kong has its own currency linked to the dollar, has been 35 years. if beijing want a financial center virtually next to the main land hong kong is it. shanghai is long way from displacing anywhere like hong kong or london. kristina: you talked about the g20 next week and what will happen what are your expectations from the talks? what do we need to hear? >> i think you will hear soothing promises from xi to trump about intellectual property rights and the like but the key thing is not what they write down about enforcement,

what they do afterwards, picking out certain companies that do bad things, will we take them to task like we did with huawei? kristina: like huawei? >> we need more of that, not less. kristina: united states -- >> be more consistent. we'll have to reform the world trade organization. wto has not been modernized since the 1990 as. they have to do it. a lot of loopholes used by china. if they want to close the deal or come close to it in the next few weeks, what you will hear soothing remarks about hundreds of billions of dollars will be spent on liquify natural gas, soybeans bought by china again, so will pork. kristina: can that really be true though? you're starting to see them shift, change the buying patterns? have we lost some of it forever? >> we lost some of it, unlike the '70s, when we lost the soybean market in japan, cutting them off, made brazil a giant in the field, beijing this will want to show, okay we made a point but now we want to be

happy again. so i think they could undo the damage or at least one time, big order, $50 billion. oh, yes. kristina: steve, thank you very much for your optimistic insights. >> thank you. kristina: we're going right now to some breaking news. the annual fed stress test results are in right now. a report card for the nation's largest banks across the country. let's go to jennifer schoenberger with the details. can you break it down for us? reporter: kristina, results from the federal reserve stress tests show 18 of largest u.s. banks can continue to lending to households and businesses during severe recession with plenty of capital on hand to absorb losses from loans. but the stress tests were mandated annually by law after the financial crisis with banks $100 million or more of total assets. how banks could perform during the hypothetical severe recession to prevent bank failures in a crisis. this scenario was extreme global

recession with extreme stress in corporate and real estate lending markets. the unemployment spikes 10%, the stock market plummets 50% and home prices fall 25%. under that scenario all 18 banks in aggregate would lose $410 billion. yet after covering losses, banks would still have capital left over equal to 9.2% assets weighted by risk. that is well above the 4 1/2% the fed requires, more than double frankly. the hardest hit area under the hypothetical scenario was credit cards with losses mounting to over $107 billion. this year only 18 banks are subject to the stress test, versus 35 last year. banks with assets of between 100 billion and 250 billion are subject every other year due to a new banking law. apples-to-apples comparison loss rates were in line with tests the past few years. kristina, all in all, u.s.

banking system very strong shape. this is part one of the fed's stress tests. next week the second round of tests we'll learn whether the fed will block or approve bank plans for dividends and share buybacks. back to you. kristina: jennifer, thanks for breaking it down. melissa: we have an update about a story we told you about this week about a brawl that broke out among adults at a colorado youth baseball game. yeah, that is a youth game. kristina: trade talks ahead of the president trump's meeting with president xi at the g20 one week from today. we're live at the white house with the latest headlines. melissa: you might want to put your phone down to listen to this one. a new study claiming that younger teens are developing a bony spike just above their neck? possibly, because of constantly bending down to look at smart devices. the scientists behind the study say the spikes rarely cause medical issues but they're like

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security checkpoint until several agents tackled him to the ground. he is facing felony charges of criminal trespassing, resisting arrest. five counts of misdemeanor assault. he is lucky he wasn't shot. the tas calling it unprovoked and brazen attack. wow. update on another brawl we brought you. we put them together to let you know. a pair of denver employees are on leave in alleged involvement in an you cannily fight broke out at youth baseball game. the fight involved 20 coaches an parents, started after a 13-year-old umpire issued a warning to both sides for foul language. lakewood police are still working to identify the other people in the video. they were upset about a 13-year-old warning them about their language, just to be clear. kristina: wasn't 7-year-olds playing? melissa: it is outrageous. kristina: most anticipated news event next week, and it is not a

brawl, the u.s. and china resuming negotiations ahead of president trump and china's xi xinping at g20. it will be can't miss tv news on fox business. our own edward lawrence is one reason why. he is live at the white house with latest breaking details about the next round of possible tariffs on china. edward? reporter: kristina, it could be a brawl but you never know. i doubt it. white house economic advisor peter navarro says that the next round of tariffs might not be at 25%. now right now the u.s. trade representative's office is in day five of a seven day public hearing about what items will be included in the list. >> we haven't said what the tariff would be. that's not set in stone. that is a function of these hearings. a decision based on recommendations from the trade team to the president of the united states. and we'll evaluate that. we understand that this last tranche as we call it, of goods

has more consumer goods in it. reporter: the u.s. trade team is scheduled to meet next week with their chinese counterparts ahead of the meeting between president donald trump and president xi xinping. now to make sure that nothing gets in the way of that, vice president mike pence postponed a speech he was planning to give next week. chinese sources are telling us that the chinese were watching that speech for the tone to see if the meeting between president trump and president xi would actually happen. now president donald trump says that he will make the decision after the g20 summit on if the tariffs, the next round of tariffs will go into effect. navarro says the current tariffs have been very targeted. in fact he says that the chinese are paying those tariffs by subsidizing their chinese companies, so the exports, price of the exports do not rise. >> we had the tariffs on for over a year. what we have is record low unemployment for blacks, hispanics women, as well as

veterans and the disabled. we have rising productivity and wages which help people buy stuff at big box retailers. reporter: navarro says if the chinese want to make a deal, as the u.s. economy is increasing doing well with the fundamentals, the chinese economy is sliding. back to you. melissa: i will be there, right? reporter: i will be in osaka to talk about trade as well as what the president is doing there. trade teams are meeting. there will be a lot of trade discussions. i'm sure you will bring it to us. thank you, edward. melissa: connell mcshane is on his way back from china. you know that though. you didn't miss any of it, did you? here are the best parts. >> there is a huge misunderstanding about the type of company that huawei is. huawei is a privately-owned company. there is no real connection to the states in china. we are part of that thriving, private, business sector. so i think that is probably the fundamentally the biggest news

to understand. connell: there is no connection between huawei and chinese government, no direct connection. >> no direct connection. >> it is our perspective that it is not our business. our business is about producing drones. connell: if i have a drone and i don't want my data to be seen by anyone, a deejay i drone, is that easy for me to do and how do i do that? >> the fact is that your data sits on the drone itself. that is fundamental. connell: doesn't automatically come back to you? >> no. unless there is specific reason for after-sales servic request. that is the only time you would potentially share any data. >> translator: the trade war was not started by the chinese side. we had no other choice but to make a response to that. as for who will be elected, that is your domestic policy which has nothing to do with us. connell: it would be the person you would be negotiating with though. would you rather see a different person in the white house?

>> translator: i think we should develop china-u.s. relations based on our common interests, not based on who is in the white house. connell: as leader of a city so close to hong kong, that the unrest there could trigger unrest across the border here in shenzhen or elsewhere in main mainland china? >> we are confident in the hong kong government that it is capable of maintaining the prosperity and stability as well as social order of the region. and our cooperation with hong kong is on going as usual. ♪ melissa: that is unbelievable video. that is really something. we look forward to connell being back. kristina: yes. we also have another story. a massive explosion in philadelphia, a blaze, images lighting up the sky, 150-year-old oil refinery. oil officials providing update

on the fire. we'll bring you breaking headlines next. plus the mystery still continues, the authorities investigating in the dominican republic offer the deaths of at least 11 american tourists whether you need to know next. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago. we're the tenney's and we're usaa members for life.

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melissa: breaking news. an explosion felt for miles. a massive fire engulfing a philadelphia oil refinery. the east coast's largest plant, sparking giant flames, plumes of smoke and shaking homes of nearby neighborhoods. the philadelphia fire commission just updating the press saying the fire is quote, not undercontrol, but it is contained and confined. emergency workers believe putting out the fire is a greater risk to everyone because it could allow fuels to enter the atmosphere where they could ignite. officials do not know how long it will take for the fire to burn out. the cause of it is still unclear. what a mess. kristina: so unfortunate. mysterious deaths weighing on tourism in the dominican republic. you have at least 11 americans are now dead after vacationing in the island country. fox news's jeff paul is live in santa domingo with the latest. jeff? reporter: kristina, speaking to a crowd full of international local journalists the tourism minister says he believes this

situation is an exaggeration. he went on to say that the dominican republic has nothing to hide, that a lot of this has been fueled by speculation. the minister pointed out it was the dominican republic and called the fbi and requested their help. we made a point to ask the minister if he has anything to say to the families of the 11 american tourists died in the past 12 months. he said he is sympathetic to the families dealing with the loss of their loved ones, he continues to stress there is no mister which when it comes to the deaths. >> translator: we have shown at first there is not an avalanche of dead american tourists in the country. all the deceased have occurred, causes been determined, results there does not exist, there does not exist any mystery. reporter: now what everybody seems to be waiting on, are the results of the toxicology tests involving three of the deaths that have happened here in the dominican republic.

these are the ones that the fbi said to be helping out with. we are expecting those results sometime next month. kristina. kristina: thank you very much, jeff. melissa: ted williams is an attorney, former homicide detective. a fox news contributor. thank you so much for joining us. what do you make of this claim, sort of nothing to see here? this is disordernant amount, or of people who have passed away and it is all explainable, what do you think? >> well you know, melissa, i find it rather disingenuous to say or to hold a news conference, and i think it is a personal affront to the, in the families of those who have died down there. you know, there are about 2.7 million americans who vacation in the dominican on any given year. and certainly deaths occur unfortunately, but there are some mysterious deaths here that are unexplained. for instance, we have a couple

in maryland, healthy couple from all we know, and that couple is now dead and they are not given any answers to those kind of questions. that makes everything suspect to me. melissa: i am glad you pointed that out, that was the one that jumped out to me as well. they said, there were quotes, sometimes you go away on vacation because you're exhausted, you've been working so hard. then you realize you're actually sick when you go to unwind. they're trying to say there was nothing unusual here. but when a couple both dies after, in the same manner, how could that possibly be just normal, ordinary business as usual? >> that becomes a question of mystery. and, melissa, perception is everything. and when you're down here in the islands and you find out that you're on a vacation, you find out someone has died, then you find out 11 americans within a

reasonable period of time have died, and all you are getting is lip service, i agree with the reporter, one of the things that we have to see are the toxicology reports, because those toxicology reports will give us a great deal of information as to how individuals died. melissa: let me ask you about that because there have been some experts who have said traces of how they died could have disappeared, whether you're trying to figure out if there was something wrong with them, so many people guessing it had to do with the mini bar, it had to do, you know, how the alcohol was made. there have been other cases like that where there has been bootleg spirits so to speak. that has caused a problem. would there necessarily, would that evidence still be around? >> i think that evidence would clearly still be around if you -- for instance, i was on with dr. marc siegel recently and we talked about the fact that the couple from maryland may very well have died from

carbon monoxide poisoning pursuant to what he has been able to see in the preliminary reports but we don't know any of that because they continue, as far as i'm concerned cover up and not tell the truth with the public. and the public need to know, and if they want to keep tourism coming down to the dominican republic, they will have to let the public know what the hell is going on down there. melissa: that is really the bottom line, they are claiming that this will kill the tourism industry, it is so unfair. the bottom line is if they want this to work out in a way they will still have tourists they have to come out to be more straightforward, is that right? what could they do at this point? >> absolutely. they have to be transparent, i also want the fbi and other investigators to look at the liquor, where is the liquor purchased at? is this counterfeit or bootleg liquor sold to some of these

resorts? melissa, you go on vacation to all inclusive place. they tell you can drink all the damn liquor you want. i like viewers to tell you have they seen just drop dead drunk? so something is going on where somebody is watering down some of that liquor so you don't, you're not drop dead drunk. melissa: something. ted, thank you. thanks for your time. we appreciate it. >> my pleasure. kristina: boeing versus spacex, the race to get american astronauts back to space. we're live at cape canaveral for a sneak-peek at a capsule getting ready for possible takeoff. plus the happiest place on earth is getting more expensive. disney world is hiking annual pass prices again, before the opening of the "galaxy's edge" "star wars" attraction in august. ♪

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melissa: boeing joining the pack of companies in an effort to

return american astronauts to space on board american capsules. phil keating is live from cape canaveral with the details. very cool story, phil. break it down. >> very cool, melissa. space x has done its test flight. next up is boeing's turn. both companies, both space x and boeing fully intend to return to launching astronauts from here at cape canaveral by the end of the year. boeing gave us great access inside their production facility an enormous building where space shuttles used to be serviced. three star liner capsules are there in various stages of assembly. you can see the shape of the vehicles that will eventually carry astronauts to space and the return to earth with enormous parachutes and airbags on the bottom to soften the landing on land not at sea, all of which boeing has tested. boeing is hoping to launch an empty capsule to the international space station by september and if all goes well, then launch a crude mission on the star liner with three

astronauts on board by the end of the year. >> we have the expertise. we have the knowledge. the team is really dedicated. they have driven through all the problems we have had and really they are right on the cusp getting this spacecraft ready. >> space x was planning to launch two astronauts on board its second test flight next month, but that is now sliding possibly as far as november, after an april explosion of the crew dragon capsule during the test. in fact the dragon that exploded was this one, the capsule that successfully flew to the space station with that space mannequin on board in launch. the launch alliance launch pad atop a big rocket. boeing's chris ferguson who flew on the space shuttle three times will be on board the second test flight. >> i think everybody should be excited about the fact that their nation is getting ready to go back in space again from u.s. soil, right here at the kennedy

space center, cape canaveral, pretty exciting. >> right below us. >> right next to us. >> u.s. taxpayers over the recent years have spent 6 billion dollars to aid space x and boeing to get their crew capsules up in space. back to you. melissa: phil, awesome stuff. thank you. bulls & bears now. david: new details behind president trump's decision to call off retaliatory airstrikes on iran with just ten minutes to go. the latest on that is coming up. this as the president prepares to host members of congress and their families at the white house this hour. he's expected to make remarks. we will bring you the headlines. in the meantime, the white house also gearing up for a highly anticipated meeting between president trump and china's xi at the g 20 in japan next week. the stakes are very high. vice president pence even postponing a major speech of his own on china policy to avoid escalating any tensions. hi everybody. this is bulls & bears. thank you for joining us.

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