that will be pretty amazing. >> jennifer is amazing, too. spike the puppy was born last week. here's spike. his mom and brothers and sisters. we'll post more photos on social media. i'm dana. here's shep. >> shepard: it's noon at the west coast. we're waiting for the press secretary to speak with reporters. this comes minutes after the president said he would love to see a government shut down. repeating, the president said he would love to see a government shut down. expect questions on that and the recent memo madness. the president agreed to release the republican memo that criticized the russia investigation. now will he do the same for the democrats and let them have their side of the story. president trump's lawyers debating whether he should meet with robert mueller. the question is there any evidence that the president did anything wrong? if not, why sit down with a special counsel? what another weird day at the markets. did you see this? look up there. look up now.

it's up now. after whatever that was yesterday and whatever that was this morning, it's a new whatever and it's better. let's get to it. and a live look at the white house where we expect the press secretary sarah sanders to take to the podium in 14 minutes. we're waiting to hear whether president trump will allow the democrat's release on the russia investigation. the white house says it will go through the same process the gop memo went through. the house committee voted unanimously to let the democrats release their memo. the house intelligence committee's top democrat adam schiff of california says he's worried that. trump could black out large sections of the thing. >> we also want to make sure any redactions are made are fully

explained to the committee. we want to make sure the white house does not redact our memo for political purposes and obviously that's a deep concern. >> shepard: these memos are not only a distraction but a back and forth for both parties in washington. one source tells john roberts the democrats purposely filled their memo with information about sources and methods in order to force the president to block the release or make major edits. justice department officials tell fox news that they reviewed the document before last night's vote and didn't make any edits or redactions. so who knows? staffers for house intelligence committee chairman, the republican devin nunes of california wrote the gop document. he's a supporter of president trump and served on his transition team and he had the late night thing there at the white house. the republican memo accuses the feds of abusing their powers to spy on the former trump campaign adviser, carter page.

democrats say their memo disputes some of those claims. they say republicans distorted information and hopes that americans will be less likely to trust the justice department's investigation. robert mueller looking to moscow's meddling in the 2016 presidential election, possible collusion with members of trump's campaign and whether the president obstructed justice. it's our understanding he doesn't watch cable news or read memos. president trump has denied the claims. john roberts is live on the north lawn. hello, john. >> shep, good afternoon to you. we came out of the cabinet room. chief of staff john kelly was there. he said the president has the new democratic memo. he's not had an opportunity to read it yet. kelly handed him the memo before he went into the lengthy meeting in the cabinet room on ms-13. the white house says the democratic memo will go through is same process as the republican memo went through. the national security council

will review it and brew in the director of the national intelligence and the fbi and doj to get opinions on whether it should be released. i'm told by sources that have seen the memo that it goes much more to sources and mets than the republican memo did. there's some people that think that that was intentional. adam schiff is looking nor the white house to make changes and shifts as warning against political redactions. i'm told by sources here at the white house that there is material in that memo that will likely need redacting. the end of the day, shep, the white house wants to get this out, wants to show that it can be fair whether it's the republican memo or the democratic memo. but it's likely that the democrats may be able to claim a moral victory when their -- or a political morale victory when their memo is released because it's likely there will be substantial changes made to the memo before it's given to the

public for consumption. >> shepard: one side license to their side and the other side listens to their side. this is a bunch of nothing, isn't it, john? >> i can't say that for sure, shep. we report. you decide. >> shepard: the chief of staff john kelly said the president will not extend the deadline for the dreamers, right? >> he did say that, which runs counter to some things the president said, which we'll get to in just a second. first of all, a headline out of that ms-13 meeting. the president was asked by steve holland from reuters whether he would shut down the government because the president mentioned that earlier, that if he couldn't get the immigration reforms he was looking for, he would go for a government shut down. the government is scheduled to run out of money thursday at midnight. listen to what the president said. >> these are incredible professionals cannot do the job unless we change the legislation. we're going to get it done. i'll go a step further. if we don't change the

legislation, if we don't get rid of the loop holes where killers are allowed to come into our country and continue to kill, and we're talking ms-13 and other gang members, if we don't change it, let's have a shut down. we'll do a shut down. >> that wasn't the question. that was the question that prompted the question. it's a quick turn around here. we can't get everything. but the interesting thing about that, shep, i'm not sure what the president is talking about. the government runs out of money thursday at midnight. there's talks underway at capitol hill for another continuing resolution. nobody is talking about attaching daca on immigration reform to the continuing resolution. that may come in a budget cap fight later. in terms of a government shut down right now, nobody is talking about that. now, to the issue of extending the deadline. john kelly said the president is not likely to extend the march 5 deadline where the protection

for the so-called dreamers runs out. listen to what he said in davos, switzerland in a cnbc interview. >> we're growing to do what is right and solve the daca problem. i want to get the problem solved correctly. >> if we need more time, we'll take more time. the president said something similar in an off-camera gaggle just before that. he said yeah, i might do that. i might do that. in terms of extending the deadline. i'm not guaranteeing it because i want to put a little bit of pressure on the other side, sounds like, but i certainly have the right to do that if i want. so the president said twice that he might extend the deadline. john kelly said he's not inclined to do it. we'll see where that goes. a little under a month now. back to where we're talking about the shut down. chuck schumer was on capitol hill speaking to cameras just as the president said what he said about a potential shut down. schumer saying speaks for itself. we had one trump shut down.

nobody wants another. again, shep, nobody is talking about a shut down and nobody is talking about attaching daca to the c.r. i'm puzzled to what that is about. >> shepard: the president is, there's that. john roberts, thank you. look at the tv. look at this. the dow is up 500 points. how? why? i don't have any idea. i do know this morning, got up at like 5:30 because the overnight markets and you knew everything was crazy and footsy and everything. wow, look, look. got up at 5:30, the world was collapsing. they're like we don't know what's going to open. the fox business people, we're going to be down 600, 700 people. it opened and way down. hundreds and hundreds of points. you know what you can count on right now? count on volatility. that's one thing. count on this. if yours is a short term strategy, that's not good. you need a long-term strategy. here's the thing by way of observation, not critique. the regular guys, regular folks

have been on the sidelines with this market this whole run-up the last couple years or few years. has largely been institutions, right? not every day folks. you know when they got in, according to the people on wall street, they got in in january, this january. so like a month ago. and they rode it up and yesterday -- and last week -- well, it's going up. markets go down and markets go up. we made a big deal out of them going down yesterday because they went down the most of any day in the history. today it's up 484 points. meantime, alaina is here from axios. the democrats are saying oh, government shut down. if you believed it was the schumer shut down, that didn't work out well. republicans are like oh, no shut down. and then the trump shut down. that didn't work out well.

one person talking about the shut down. that's the president. why is that? you know? >> it's pretty puzzling. nobody was expecting talk of shut down to happen. thursday is the deadline for the new spending bill. last time the government shut down, schumer and mcconnell agreed that if it wasn't attached to this february 8 deadline, they would move on to it later in the month. that's what everybody is expecting this time. for trump to say that is an issue that he thinks it's worth shutting the government down over. most people were surprised by those comments. >> shepard: been to new orleans? >> yes. >> shepard: they have duelling pianos. there's one on either side there. everybody has a great time and yells and talking about hating lsu and loving ole miss. we have duelling memos. people like one memo and then there's another memo. what is happening now with this memo? depends on who you ask. what is it with this

democratic-style memo? >> well, the democrats argue that this is their rebuttal to the republican memo from last week. they think that -- >> shepard: they don't think republicans will listen to them? republicans listened last week. >> that's what they might be saying. i mean, as you heard, the white house has said yesterday that they will handle this democratic memo the same way that they handled the nunes memo. if that is the case -- >> shepard: wait. the president said on the night of the state of the union, 100% we're going to release the memo. at that point -- >> yes, he would release it without reading it. that's not exactly the case this time. this time he's got five days since the house voted yesterday to release the memo. so trump has enough days to approve it. during that time, he has to read it, go through it. there's national security and white house counsel that need to review it.

the key question here is whether more so not really whether he will release it, which is a question, but the bigger question is whether -- how much they'll redact it. >> shepard: if they make redactions, democrats said you made redactions to change the point and republicans will say, no, national security and we'll move forward and everybody will yell at each other. let's cut through it all and go back to the original memo. for those that wrote it, what was its real purpose? >> that purpose was to show that what they believed were massive abuses by the fbi -- >> shepard: what was the real purpose? you can tell the truth. >> that's what they're saying. what others are saying, from what we're hearing, a lot of people think might be a way to discredit the fbi and the department of justice in the russia investigation that

mueller is conducting. trump said saturday that the memo completely vindicates him. as i said, nunes, republicans, they're going to argue this is exposing a lot of mismanagement within the fbi as well as within the department of justice. >> shepard: alayna -- >> i'm here. >> shepard: thank you. good to see you. have a wonderful turn around tuesday. you watching this? >> i have been. >> shepard: the markets are crazy. we've had a 1,000 point turn around. at 9:30, when the markets open here in tiny town, you can see the far left side. the stalactite there, just terrible. today we have a stalagmite on the right-hand. almost almost 500 points. you hang on a minute, it will change. there's volatility in the market. i know it hasn't been this way for a long time. the markets are calm. now they're volatile. the market, so it goes. that's happening.

they're bringing in more cables for the briefing, obviously. sarah sanders is scheduled to be up there presently. so we're going to take a commercial break so we don't miss it. if she comes out during the commercial. we'll interrupt the commercial. so there. i couldn't sleep and get up in time. then i found aleve pm. aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am. replace the full value of your totaled new car. the guy says, "you picked the wrong insurance plan." no, i picked the wrong insurance company. with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance.

morning on the beach until... it... wasn't. don't let type 2 diabetes get between you and your heart. because your risk of heart attack or stroke is up to four times greater. but there are steps you can take to lower your cardiovascular risk. talk to your health care provider today about diabetic heart disease. and find out more at heartoftype2.com. your heart and type 2 diabetes. make the connection. >> shepard: well, an amtrak spokesperson is talking a again after one of its trains broke in half this morning while travelling from washington through new york and boston.

see that? havita grace is the name of the town east of baltimore. amtrak said there was a mechanical issue. there was. when a train breaks in half, it's a mechanical issue. what if somebody was between the cars? about 50 people were on board. they transferred to another train. just this weekend, two amtrak workers died when their train collided with a freight train. more than 100 others hurt. investigators say they're looking into both incidents and others. stocks all over the map today. one day after the dow had its biggest ever point drop. you can see what is happening here with the points. we were up 500 a minute ago. now up 400. between then and now we've been up 350. the percentage is what matters. flip this around. kind of show what happened at

the beginning of today. during this period before the markets open, they screamed everything was messed up in europe and asia and the markets were down, down. they predicted we would open down. they figured volatility. sure enough, for current times, there's been an enormous amount of volatilitvolatility. you can see how it's gone from green to red, green to red. plunged about 550 points this morning. within a half an hour, it recovered a few hundred points. so it's just been all over the place. that volatility is where the traders make money. so for them, this is great. it's a little -- after a couple years of -- it's weirding. you're dressed in black. >> yeah, i'm dressed in black because i'm outside most of the day and it's cold out there. the beginning of this day as you pointed out, we started 570 points down. turned to 300 on the upside. you know how long that took?

25 minutes. 25 minutes. >> shepard: yeah. >> we just -- this is so bizarre. even for something like me that loves to watch the markets, that's just strange and unnerving. >> shepard: it is. >> so now we're up. we were up earlier 500. now 364. the bots have taken over. i just want to tell you, inside the day, we've had like a 960-point swing. 1,000 point swing. what is going on here that people are not used to. we're at such high levels, any decent size move looks massive. we're still at 24,000 and change. those moves look big compared to what we're used to. >> shepard: read a lot of stuff today. seems like one of the things that almost all of the smart people agree on is, money is not going to be chief like it used to be. >> this afternoon, you worry about you're in the market, talking to traders, experts, pros. inflation is one of the big things. we have a few fed chief.

we thought we knew what he would be around. maybe we got it wrong. maybe the first day on the job, decide we have to knock this inflation rate down. >> shepard: what we just saw, wages were everybody. that's what everybody has wa wanted. >> they worry about inflation, rising prices. i want to tell you, i talked to some folks, real human beings in the street. we do that occasionally, not experts to see what they thought about this thinking that they would be like some of the screaming hysterics on tv. that's not what we heard. listen to this. >> big declines but we've had big decreases. typically when you have fast big declines, it's not a sign of the markets are growing to be bad for a long time. it's a short term correction. >> hasn't happened in a long time. it's early to say exactly what it means.

we have to wait around and sort of see when the markets stabilize. >> it was coming. we knew it was coming. just starting to happen now i i think the market will rebound. >> how smart are these people? >> shepard: we'll find out. >> i think they're -- like they're super informed. i was really impressed at the state of the play on the street. they seemed to be ahead of us. i thought that was cool. >> shepard: remain calm and carry on. >> calm and carry on and maybe you'll find something you can buy if it goes down again. >> shepard: two big things coming up. sarah sanders is going to come out and talk to the press. that's what the the white house says. we believe them. in addition, it's not a little rocket but a big rocket. big rocket scheduled to blast off. we'll watch that too. hang on. people would stare. psoriasis does that. it was tough getting out there on stage. i wanted to be clear. i wanted it to last. so i kept on fighting.

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>> shepard: on sanders watch. still waiting. sarah sanders set to come out at

any moment. the white house briefing brought to you by fox news channel. we'll see it when it starts. we'll take you there live. let's get more on the markets and another wild ride day on wall street. let's bring in analysts. how are you? >> i'm great. now i'm better. >> shepard: volatility. the vix changed. wages went up and everybody freaked out, i guess. >> right. it's a chain reaction. when you see wages go up, you set off this reaction that people think inflation isn't going to go up because people are spending more. inflation goes up, the interest rates go up and that will spell bad things for the economy. the bottom line is, inflation in doses have like carbs. in doses it's fine. too much inflation, not a good thing. >> shepard: yesterday at 3:00, something weird happened that looked like program trading in computers. do we know yet? >> i don't think that had anything to do with it.

i think that these big swings are not necessarily having to do with the programming trades as you said. >> shepard: you don't? >> i think it honestly is people are freaking out. they pulled -- >> shepard: look what happened. sarah sanders has made it. we don't want to miss anything. thank you. >> shepard: sarah, to you. >> good afternoon. >> good afternoon. >> again, i'm john cronin. i'm the acting assistant general for the department of justice. before my current role, i supervised the narcotics unit in new york. prior to that, was an assistant united states attorney in new york where i prosecuted criminals and national security defendants including osama bin

laden's son-in-law and the attempted times square bomber. on the day that attorney general jeff sessions was sworn in, president trump set executive orders to reduce crime in america and target trans national crime. as acting assistant attorney general, i support the attorney general in accomplishing these goals by directing the enforcement of all criminal laws with the exception of those that are designated to other divisions of the department of justice. as sarah mentioned, my duties include oversight of the 700 prosecutors in the criminal division and that includes the organized crime and gang section, the capital case section, the office of overseas prosecutorial development assistant and training. i had the opportunity just now to brief president trump about one of the most significant

threats to the public safety of our communities ms-13. and i appreciate the opportunity to also speak with you today about that threat. ms-13 has grown to more than 30,000 members worldwide. 10,000 of whom live here in the united states spanning 40 states and the district of columbia. the silent murderous gang has infiltrated our country. it's estimated that there's 2,000 members in los angeles, between 800 and 1,200 members in dallas and houston, 2,000 members on long island, between 800 and 1,200 members in boston

and approximately 3,000 members living right here in washington d.c. and the d.c. metropolitan area. i'm sure many of you, not all of you know, ms-13 is probably the most violent and ruthless gang terrorizing our streets today. their motto is kill, rape, control. it is this motto and indiscriminate violence that ms-13 lives and rules by. they commit rape, robbery, extortion and murder often just for the sake of it. they attack their victims with chains, bats, machetes, firearms. ms-13 recruits children to be murderers. they gang rape young girls and

sell them for sex. i briefed the president on a few examples of ms-13's brutality. these include a 15-year-old gaitherford maryland, girl named demarrus rivas who was stabbed 13 times with knives and a wooden stake. the girl's killers filmed her murder so they could show gang leaders back in el salvador what they had done. her body was savagely dumped next to railroad tracks under the same road, the beltway, that many of us take to work every day. i briefed the president about the ms-13 members who murdered a fellow gang member they believed to be a snitch and who murdered a recruit for violating gang

rules. one of those individuals had his head severed. ms 13 buried the two victims in shallow graves in a park in falls church, virginia. a park just about ten miles from here. i briefed the president about a long island victim that was lured into the woods in new york by ms-13 members. they beat him with sticks and a fire extinguisher. the gang members ultimately cut his throw with a pocketknife and sadistically stuffed his body in a drainage pipe where it went undiscovered for months. the department of justice under the leadership of attorney general sessions is devoting resources to accomplishing the president's directive of reducing violent crime and ensuring that our citizens are

no longer held hostage by murderous savages like ms-13 members. attorney general sessions has designated ms-13 a priority for the organized crime, drug enforcements task force. the department of justice will be surging hundreds of federal prosecutors, new prosecutors, to the field specifically to focus on violent crime and immigration offenses. the department has enhanced our relationships with the northern triangle countries, el salvador, guatemala and honduras to target ms-13. this past summer, attorney general sessions visited el salvador where he met with the el salvadoran attorney general to talk about dismantling ms-13 at its roots. soon after that meeting, about 70 gang members were charged in el salvador. in total, our work with our

central american partners has thus far resulted in the arrests or charges against more than 4,000 suspecting ms-13 members. the justice department in coordination with our partners on the state and local level will continue to prosecute scores of ms-13 gang members located in the united states. but because ms-13 is based an operates in el salvador and because ms-13 largely directs its missions from el salvador, we must do more than enforce our domestic violent crime laws against gang members in the united states. our investigations have revealed that when we fail to enforce our immigration and human smuggling laws, when we fail to enforce

immigration laws and allow for loop holes to exist to let future ms-13 gang members into the country, ms-13 can very easily simply replenish its jailed membership by sending more gang members across our borders. and for that reason as well, the department of justice also remains committed to enforcing our criminal immigration laws and to identify and targeting ms-13's smuggling networks. be clear, we will undertake all lawful measures to end this scourge on our communities. thank you for your attention. >> john, real quick, a question. given the threat that you're discussing here, why has

attorney general sessions renewed sort of increasing enforcement against marijuana even though a lot of states have tried to decriminalize or make it legal? >> sure. i'm not able to talk much detail into the marijuana policy. i will say that there are a number of policies that the department of justice is pursuing on any given day. as the assistant attorney general of the criminal division, i've seen the harm that marijuana can do. but more importantly, the priorities here are not being -- are not at the expense of any resources being addressed in a marijuana policy. with respect to ms-13, the attorney general has made it clear that he's devoting additional resources to ensure that the district attorney's office have the prosecutors necessary to address the scourge in our community. >> you have finite resources. why put a priority in there that

is not considered nearly the threat that the kind of violence you're talking about? >> we're dealing with multiple priorities every day, allocating resources. there will be sufficient resources targeting ms-13 and we will continue to devote those resources to that threat. yes? >> people have been racing about ms-13 since 2006. is it your position that the previous two administrations, bush and obama, did not prioritize this or is this much worse now than it was then and therefore it is justified to have the focus you're describing today? >> you're correct, ms-13 has been around for some time. i do think we've seen a significant up tick in their violence the past several years. when you look at the acts of atrocities they have committed in local communities here and across the country, i think it's a new threat.

unlike one we've really seen from a violent trans national crime gang. ms-13 like i said in my remarks, not only has 10,000 members in the united states, but they're across the country and 40 states and the district. we have ms-13 prosecutions going on in virginia, new york, l.a., texas, all around the country. >> did the previous two administrations not appreciate this, let it go? become a bigger problem? >> i can't talk to the priorities of the previous administrations. i can talk about the administration here. combatting ms-13 is a top priority of this administration, of this department of justice. in order to effectively target ms-13, it's not enough that federal and state authorities are enforcing the criminal laws with respect to ms-13 members on u.s. soil. we have to make sure that ms-13 is not in the position to replenish ranks by sending more

children into the united states that will be recruited by ms-13 to be murderers a few years down the road. unless we can do that, we'll be in a constant situation where ms-13 will be reconstituting its ranks. >> last year president trump talked about ms-13. we saw details about ms-13. now you've given us an update. what beyond the immigration issues will the justice department be doing to break the back of ms-13? >> sure. the first question is the department of justice has been and will continue to dedicate consider resources to ensure that ms-13 is being targeted and i think we're seeing that that is working. last year the department of justice secured more convictions against -- secured convictions against 1,200 gang members. we charged the most federal firearms offenses in a decade. we've brought more cases against

violent criminals in a quarter of a censuturcentury. i mentioned the additional prosecutors sent out to the field. additional prosecutors going out to specific areas where ms-13 is a problem. and we will enforce our robust criminal statutes that are allow us to target a variety of conduct. robbery, murder, drug trafficking, to get them off of our streets. another important component, too, is capacity building. one focus is working with partners in the northern triangle countries, in central america. we provide training to their law enforcement and prosecutors. whatever systems they can to make sure that they're able to target ms-13 before -- at the roots and in el salvador, honduras, guatemala. >> so second question on another

issue. i'm glad you're here today. the eric garner case is still out there. there's people waiting for an indictment. his mother is looking for justice. he cried out 11 times i can't breathe. what is new on that case? >> with respect to that case, i have no update that i can share. i think it would be better directed at the u.s. attorney's office. >> we understand in the criminal department, the criminal portion of justice. so is there any movement at all? i'm hearing there should have been an indictment. >> i apologize to the extend there's an on going investigation. i can not talk beyond that. i apologize. >> in the cabinet room where you gave your first presentation, the whole ms-13 issue was wrapped up and the need to increase border enforcement, to change immigration laws.

did you have any idea of the 10,000 ms-13 gang members are here legally and how many are here illegally? >> it's hard to put a statistic on that number. often they're not caught and they enter the country without us knowing. but i would give one example as kind of a snapshot of what we're seeing. this past november, the department of justice and the department of homeland security announced the results of operation raging bull. operation raging bull was our enhanced efforts to target ms-13. it culminated in the arrest of 267 arrests both in the united states and in el salvador -- >> shepard: two big things we don't want you to miss. a live look at the dow jones. seconds ago we were up 600 points. the dow in a turn-around tuesday. certainly most likely will not recover everything from yesterday with 20 minutes left to go in the day. but you know, positive is positive. and yay positive. another thing we've been promising all day and we're going there for us.

this is a live look at cape canaveral in florida. spacex is about to launch a new rocket and it's a very big deal. this is a falcon heavy rocket. it is right now the most powerful rocket on the planet times two. this is set to be the biggest and brightest and most impressive rocket launch since the space shuttles retired and spacex reports it to be the future of human space travel. this rocket has 28 merlin engines, five million pounds of thrust. the equivalent of strapping 18 747s together and igniting them. the fuel on board, equivalent to four middle pounds of tnt. one pay load on board. a brand any cherry red tesla roadster that will go to orbit

for billions of years unless it blows up on as sent. phil keating. it's a big day. >> humongous day, shep, for spacex and beyond spacex, for all human space travel in the future. if this rocket does successfully launch, heads off to space, deploys the tesla electric sports car, sending it out to the earth-mars orbit and all three rocket stages come back down to earth, two of them on the landing zone and the center score burning an additional minute and that would come down into the floating drone ship in the atlantic ocean. if spacex can accomplish all this, this opens the doors. number 1, putting a crew capsule on top of the falcon heavy, taking humans back to the moon. you can even take humans out to mars as long as you have an

orbiting fuelship for resupplying the space craft with fuel. can also send it out to an asteroid and opens up massive new bigger around larger pay loads for the u.s. military, for the satellite industry and nasa. >> shepard: phil, as you know, the hotels are full down there. there's long lines to get into the base this morning all around kennedy space center where it wasn't that long ago everybody was afraid, oh, no, the space industry is dying. lo and behold, it's not. they set up a nasa tv style play by play for the launch with lots of cameras. so let's listen in aspects gives it a go and hopefully when elon musk says it has a 50/50 chance of success, hopefully we're on the plus side of the 50. 30 seconds away. let's listen. >> t-minus 30 seconds.

>> falcon heavy, go for launch. >> t-minus 15. stand by for thermal count. >> 10, 9, 8, 7, 6, 5, 4, 3, 2, 1. [cheers & applause] [cheers & applause] z . >> if you can hear me over the

cheering, falcon heavy headed to space on the test flight. building on the history of saturn 5, apollo. we're getting ready to throttle down. >> you heard the call-out. the vehicle is supersonic. five boosters are throttling back up to full power. we're passed max q, the maximum load on the vehicle. next up, we'll wait for the side boosters to throttle down prior to booster engine cut off and

separation 2 1/2 minutes into flight. guaranteed trajectory looks good on the falcon heavy. the m 1d engine performance is nominal. side boosters have begun to throttle down in preparation for the upcoming shut down in 20 seconds. major event coming up with side booster shut down and separation.

[cheers & applause] successful separation. [cheers & applause] coming up on faring separation.

♪ >> shepard: they put on a heck of a show, haven't they? looks like everything that was supposed to happen did happen. i say looks like. you know, as one that was there -- there's the car! phil keating, it's the car! can we see it? it's amazing. >> the little thruster rockets to keep it going. they also have three cameras according to elon musk that will provide epic views of the car traveling deep into space. >> shepard: pretty incredible.

you know, there's a lot riding on this for these guys. this is just a test flight. but they have set it up as a huge event. the crowds are insane. they sold out of official viewing seats or spaces in like 24 hours or something? >> yeah. there's about 100,000 people estimated to be lining up the beaches of florida's space coast. they all started early with the picnic chairs and the coolers full of beverages and waters to get ready to watch this spectacle at the 1:30 planned launch was delayed. but with 15 minutes left in today's launch window, that was spectacular. based on everything we've seen so far, this demonstration flight is an absolute success. we're hoping elon musk will provide some sort of post launch statement here. let's see. where are we?

we're about four minutes away from the two outer rocket boosters -- they're falling down now. at some point we'll see the glow of their engines as they reverse thrust and land over at the landing zone. the center core will continue out towards the atlantic to try to land on the drone ship. never before in the history of space travel have three rockets blasted off from a launch pad delivering the pay load, what appears to be flawlessly and landing all three rockets back on land to then be recycled and reused for future launches. still to come for spacex, their bfr, big rocket, that will have a huge space craft to take space tourists and a large rocket. that -- the plan for that is go oh, we can see the two booster rockets coming down right now.

it's going -- >> shepard: can the cameras see it? >> it's going to be two sonic booms. you can hear the crowd and the electricity. they're still going. it's like the super bowl. this is a big deal for that company, a big deal for other space companies, this is proving that can be done. the fuel on board, kerosene, the liquid oxygen. it was loud, it was thunderous. as the rocket rose above earth and cape canaveral, the percussion was like seven drummers just -- it was incredible. the two rocket boosters descending right now. that will be another double sonic boom spectacle for what is a multiple event demonstration today, shep. >> shepard: we're kind of watching the thing. can you see the screen, phil? >> i can, yeah. >> shepard: the idea here is that everything is reusable.

if this works, everything will be a heck ton cheaper. >> yeah. absolutely. the elon musk model for spacex is reusability, driving down the cost of launches. ultimately getting these falcon rockets to blast off and deliver pay loads like satellites and u.s. military pay loads on a rapid turn-around basis. >> shepard: pot it up and listen. [cheers & applause] >> and the rockets have landed! [cheers & applause]

>> shepard: the core landing is next. let's listen to the spacex people. >> crossing our fingers here right now. >> stage 2. >> looks like landing is happening at the moment. we have lost the signal. we're hoping that signal comes back shortly. >> shepard: look at this. spacex has some anchor people. phil, they're trying to take our job. is it a signal loss or is there a problem? >> it's a signal issue. the drone ship is so far out east of florida on the horizon, the curvature of the earth makes that signal hard to reach earth. that's what they're trying to work on right now. but the first two, wow, those sonic booms just explosively loud here where we're standing. >> shepard: i remember being there for shuttle launch after shuttle launch and that feeling is nothing you'll ever forget. compared to that, phil, what was

this? >> very similar to the shuttle launches we covered the last ones being in 2011, atlantis being the final flight. the crowds today not only here at the kennedy space center campus and the visitor's center viewing spots but all up and down the beaches, you couldn't get a hotel. the lines of cars getting in here, massive interest. the biggest crowd since 2011 without a doubt. blue origin has set up a rocket manufacturing facility on space commerce way. a lot of the jobs are coming back here after they initially lost a lot. saw the economy slipping after the shuttles were retired. there's really a sense of a resurgence to the space coast the past year or two. >> shepard: phil, they lost the signal for a minute. now the signal is back. we were watching and we will again.

there's the launch pad. those were live pictures coming from space, not from nasa, not from the government. from a private company that is planning to transform space travel and phil, again, transform the space coast, i suppose. >> absolutely. more companies are coming, more jobs are happening here. they're all high-paying, high tech engineering-type jobs. the local economy has soon that boost over the past two years. this really opens the door, this launch proves to be a successful as it appears it has gone. it opens the door for bigger pay loads. satellites that are launched up by satellite companies to orbit at 2,300 miles above us. they're a certain size based on how strong and powerful the rocket can be to deliver them into space. so if you have one of these falcon heavies that can take up the equivalent of a 737 airplane, you can possibly build larger satellites to accomplish

even more global watch. >> shepard: that car picture is incredible. let's watch it again. listen to the sights and sounds on location. [cheers & applause] >> falcon heavy headed to space on its test flight. [cheers & applause]

>> you heard the call-out. vehicle is supersonic. [cheers & applause] >> shepard: sonic! when are we going to hear from elon musk? >> hopefully very soon now. there's nothing official planned. with the performance of the falcon heavy, that elon musk will express some elation here. he told us yesterday, he was not all that stressed out. giddy and happy and felt confident that his team had done everything they could to ensure a launch. never before has a rocket with 27 super powerful engines blasted off at once. there were some serious risks

that these engines could impact another booster around cause an epic explosion on the launch pad, which would have been devastating setting back launches six to nine months. so far everything is golden on today's demonstration. >> shepard: fantastic. we'll be back in a few minutes. i want to talk you to the dow, to the corner of wall and broad. the man as neil cavuto would say. was there volatility? absolutely. was the fox business network exactly right when it said it would be all over the place? of course they were. at the end of the day on this as it turned out to be turn around tuesday, the markets up 500. now 520. it's been a volatile ride and it appears that among other things, yesterday traders realized money isn't going to be free forever and interest rates will go up a bit. and the market got nutty and may be volatile for a while. but for today, the final bell

rings, we're all in the green. "your world" with neil cavuto coming up after this. >> neil: all right. i think they called this a metaphor for the markets. you watched the launch of the elon musk rocket that went off without a hitch and you heard about the dow joins, 569 points. we're still waiting to hear from elon musk. you'll be hearing from a lot of market analysts on the comeback that was to the right of your screen. so if there's a way to time these metaphors, this was it. welcome, everybody. i'm neil cavuto. you're watching "your world." stocks came back and 50 years after we use that space platform to really get going on our lunar program, remember it was from th