we have traders back on all the trading floors around the united states, along with bill studebaker, "countdown" closer. bill is president and cio of roboglobal. when you hear this news, do you go with both elbows in and start buying up stocks? >> listen, it's exciting news. i'm not sure which way the ball's going to bounce on the trade negotiations. but when you think about automation, pandora's box is now open. we are not going to be ought mating less. we will be automating more. when we focus on what needs to be focused on, innovation and growth, i think there are going to be a lot of people that will be pretty happy with the results. liz: yeah. here's another headline. they are coming fast and fewer yu furiously. the president saying we are working on enforcement right now. there's a provision for that. enforcement of course is making sure there's follow-through on this. that is crucial at the moment. so they don't have it, they are working on it, tim anderson. maybe that's why we are pulling back a bit or it's simply hey, it was a great day and smart investors take some money off

liz: bill studebaker. we have happy investors. big news on word of a trade deal. melissa: wild fluctuations in the final minutes of trading. all three major averages ending in the green. off session highs we saw minutes ago. as president trump says the u.s. and china have come to a very substantial phase one deal. white house officials adding there is still more work to do. questions whether the december 15th tariffs will go into effect or not. we heard conflicting reports. we'll get it straight from the horse's mouth as it were. the dow is up 317 points. it was up 517 point early in the session. i'm melissa francis. connell: he always say happy friday. i'm connell mcshane. both s&p 500 and dow ending up more than 1%. look at apple. it is in record territory for the first time this year, $236.21. president trump's meeting going on with china's vice premier at oval office. once that wraps, we'll bring any comment from that. maybe additional comment from the president as he leaves the white house. we're all over it. >> fox business team coverage. deirdre bolton at t