phil flynn is here with us. fox business contributor phil flynn we just thought why not fight .8%.think we're just going to get a real card or some sort of agreement which is where temporary. >> i think it's some type of an agreement. any agreement is better than no agreement or opec. this is really dead last stand. if they don't not at the meeting with an agreement with the mass will be organization. president trump coming in, the rules of the game are changing. the market balance is changing. at the end of the day if they don't do a deal, thereby as well pack up and go home and never come back again. lauren: disadvantaged total lost their credibility? >> whatever credibility they had. absolutely. it's not unlike other international deals. it's going down to the wire. but we are hearing concessions by the way people. iraq a couple days ago said they would refuse to cut output or freeze output so they've changed their position. saudi arabia seems to be lightening up by rancid they are changing their position. it's really coming down to iran -- iran will ramble through the cartel ab

the big news today covered by phil flynn out at chicago, the price of oil. phil a fox business contributor joining us from the cme there. boy, what a day, right? did i hear youarlier saying we could go to 60 on this thing? >> you bet i did. tell you what, the markets sure suggesting that right now. this historic agreement is right now. we are doing this at time global demand going up. we got a report from the energy information agency that september demand was up 1.2% from year ago. opec doing perfect time for them but actually a good time for u.s. energy producers still producing one mill barrels a day lower than the peak. they really have to come back in the u.s. energy industry. this will help not only opec, it will help the u.s. melissa: phil, thank you so much for that. lori, energy among the biggest drivers today as well, right? feeling effect of oil? >> if it wasn't for oil, and energy producers, melissa, the dow probably would not have managed to hold on to gains, slim gains at closing bell. a selloff at the close, dow will end slightly higher. marath

phil flynn, price futures group. watching all the action between oil and gold from the cme. lori rothman on the floor of nyse. big surprise, the fed punting to december. >> couple key things came out of it today. first of all the fact that inflation is headed toward the fed target of 2%. higher inflation, what do you do? raise interest rates to curb rising inflation. teeing us up for all expected december rate hike. there you go. stocks are moving on earnings. still in the throes of business i earnings season. yelp uproaring highest ever adjusted earnings per share. office depot with a gain of 15% today, set for the best day in more than six months on the downside, kate spade, gamestop, esty all down -- etsy. double-digit percentages, ouch. facebook did well in the quarterly report. facebook was down two bucks a share. implied volatility with options market looking for 5% move in facebook shares either up or down. but we are looking for a huge, huge jump in both earnings per share and revenue. it is all thanks to tremendous growth case in the mobile ad sales. of course you k

phil flynn, price futures group, fox news contributor, watching the action in gold and oil from the cme. lori rothman on floor of the new york stock exchange. lori, you got a look at the day's biggest movers down there. talk to me. reporter: liz, financials. financials were among biggest gainers with jpmorgan, goldman sachs leading the way. jpmorgan at record high but faded back a little bit off the level. show you that more in defail in just a second. pfizer evaluating potential sale or spin-off. ibm up 3 1/2%. bouncing off yesterday's near 3% decline. ibm one of the few tech stocks in the green. those are dow winners. really let's unpack the financials here today. it was something else. this is all a bet or hope i should say that donald trump will come through with the promise to deregulate the financial industry. jpmorgan up, better than 4 1/2%. similar story for goldman. all the big financials were up, along with regional and smaller banks as well on that theme. you said, why not call it a trump rally? if you own stocks in financial shares you definitely calling it that. back to you

phil flynn is fox news contributor. watching action and gold from the floor of the cme. lori rothman from the floor of the new york stock exchange. lori, i go to you first. another record. >> it was another record. a lot of people were concerned this rally might not have legs today, but that it would evaporate but not so especially with s&p in last hour of trading t closed into the green. all the same themes postelection euphoria that was used quite a bit today with tax policy and just an overall pro-growth policy agenda from trump. let's see if he can make that happen in the new year but seasonally strong time of the year. obviously last trading session before thanksgiving. trading volume a little light but nonetheless all the positive tailwind to the market still at play. not to mention some strong economic news to set the tone here this morning. let's go ahead to look at some of the fed news today. we to the minutes from the most recent meeting release. no fireworks. no surprises. key surprise we'll see i rate increase relatively soon. the fed fund futures, 93.35% we'

phil flynn, price futures group, fox news contributor. watching action in oil and gold from the cme. lori rothman, floor of the new york stock exchange. lori, go to you first. got the excitement down there. >> got the hat. they love hats. there is the dow. benchmark averages closing at all-time highs today. s&p for its part, s&p past 2200. look what drove the dow. verizon, home depot, intel, top gainers among the industrial average. you're looking main stocks that drove the dow from 18,000 to 19,000. unitedhealth making up 338 points. home depot, mcdonald's, boeing, broad group of, broad selection of companies that took us to this milestone today. in terms of news, earnings, much better than expected, especially under retail sector. surprise that the traditional brick-and-mortar. this is obviously welcome in broadly strong market today. look at that burlington stores, up 16%. bucking trend of brick and mortars. dollar tree and dsw, the shoe chain, posting strong earnings. back to you. david: thank you, lori. phil, oil holding steady but a

phil flynn of price futures group is fox business contributor. he is watching action in oil and gold and the slide in gold from the cme. lori rothman on floor of new york stock exchange. lori, the russell 2000 ending at another record high. tell me about that trade. >> fourth day in a row, i believe, melissa. we're pointing out the dow, for its part less than 100 points away from 19,000. so the trump on rally if you will continues today. but the russell for its part is composed of small cap stocks that are largely based here in the u.s. they're high growth names. the thinking is that with a trump presidency, rolling back bank regulation, support for a lot of energy industry, you're going to see these names really start to progress and grow here in the next couple of years. so once again we saw the russell over the last month now, really up 8% since is the election. it has been up every day. let's look at other news on the dockets. show you shares of solarcity and tesla. ceo elon musk calling for shareholder vote to combine the two companies. both

phil flynn of price futures group is a fox business contributor. he will have details on that from the cme. lori rothman is on the floor of the new york stock exchange, and lori, we're all watching financials. tell me that story. reporter: well, financials have been biggest driver of the rally up until today. financials fizzled after seven consecutive days of rally. financials index was weakest performer losing 1.5% as a group. look at some of these names. goldman sachs, down more than 2%. same story for capital one. main line financials all the way down to the regionals. analyst community by and large saying valuations got ahead of the fundamentals. isn't that always the case? look at other movers quickly for you. target reporting earnings. back-to-school sales were lon. online sales were strong. that led to nice quarter and nice day for shares of target up 6 1/2% on the day. on the downside, shares of lowe's number two home improvement retailer down. do it yourself customers remodeling their homes not as often as unseasonably warm weather or is t

phil flynn, price futures group, watcher of gold and oil and lori rothman on the floor of new york stock exchange. lori you have to go way back to fine a losing streak like this. >> the timing is curious, david. eight years since the s&p 500 lost 8 consecutive trading days. height of the financial crisis in october of 2008. that says a whole lot. today the broad market index will close down .4 of 1%. we're selling into the polls. latest polls say presidential election is dead heat. that has a lot to do with the markets so unsettled. vix is climbing fear index. up another three points today. while zap, nasdaq down eight days, the vix has climbed the last eight consecutive days. that is the trend. fear after marketplace of a trump presidency. no way else to interpret that. s&p 500 index here are names, cs industries, down 8 1/2%. chemical company. wynn resorts down 5%. specific weakness in china. first solar down almost 15%. solar panel prices themselves are coming down on oversupplies. once again the problem there is weakness demand in china. quickly we have after the bell earnings. starb

phil flynn, price futures group, fox business contributor. watching action from the cme. lori rothman is on the floor of the new york stock exchange and, lori, markets turning positive a little over an hour ago. what were some of the biggest movers have today? reporter: tech finally turned around, melissa. before the start of trading s&p technology index was down 3% postelection outcome. but that has changed today. looks like maybe some people thought maybe there was some buying opportunity there. let's unpack this a little bit for you starting with apple. news of apple they're coming out with wearable glass headsets that actually helped the stock gain as well. we saw some significant gaps up today for amazon, facebook, alphabet. once again stocks that were quite frankly hammered since the outcome of trump victory. let's go ahead look at advanced auto parts this was another big gainer. it was double digit percentages. look at that up almost 15%. the gain here with rally starting after the bell with stronger than expected earnings. on the other side of the coin you had the

phil flynn, price futures group, fox business contributor watching all the action at cme. adam shapiro on the floor of the new york stock exchange. adam, all major indices adding higher for the week. who are the biggest movers? >> talk about the russell 2000, all that glitters is not gold. small caps having wonderful run another lifetime high and record close, fifth straight record close. small caps doing very well. when you look at dow, s&p 500, nasdaq up for the last two weeks even though we're closing down today. some big winners today, mcdonald's, they're up 5% at close. goldman sack up.3% cisco systems down 3.5%. disappointing earnings. walmart, warren buffett and berkshire decided to sell off a big stake in walmart. down 3.6%. boom, they're out. nasdaq hit intraday high and pulled back. jdd.com up 9% and the rest you can see right there? melissa: thank you, adam. gold tumbling for the second straight week, the worst two week span in more than three years. phil, where do you think one ends, dare i ask? >> i don't think it will end right now. we held $1200 an ounce tod

phil flynn, price futures group and from the cme and lori rothman from the floor of the nyse. lori you're watching big movers in stocks today and there were a lot of them. >> there were a lot of them, david. last time we saw four indexes close at simultaneous record was march on 2015. the dow, s&p, the nasdaq and the russell. dow leaders you see them on the screen. apple up 1 1/2%. the news on apple, they will replace the iphone 6 batteries that were faulty. exxonmobil, tell you about it oil move today. look at nasdaq leaders. not as many household names which is interesting. speaks volume about strength of this rally that you have got. some companies we don't talk as much about. lumina up 4.6%. talk of takeover for this company. facebook the exception there. reports of exploring a possible premium sports package for those with prime shipping membership in amazon. disney, parent of espn, was down on that bit of news from amazon. i do want to mention volume, even though it is interesting, if you look at nasdaq and performance of lesser-known names volume is 30% below the one-mo

phil flynn, price futures group, watching major action in oil and did you see the drop in gold from cme. but first, my long-time friend, one of the best people into the world in addition to being one of the greatest traders in the world, teddy weisberg at new york stock exchange. teddy talk about that swing. why did the markets swing from 800-point loss when considering a donald trump win to a 250-point gain when faced with a donald trump win? >> yeah. kind of interesting. i think david caught an awful lot of people flat-footed. the market pretty much priced in a hillary victory and you know, we, i think we saw probably a week ago, when there was some issues with the fbi, looked like it favored trump, that the market had sold off in reaction to that. so i think the prospects trump victory we saw in the waning hours of this evening and the morning, yes. melissa: teddy, thank you for that. phil, we saw big swings in oil and gold overnight. how do we end the trading day? >> well, big day for big oil, i'll tell you that. oil prices go up after the close. despite the fact bond yields gone cr

phil flynn, fox business contributor has details from the cme. ashley webster on the floor of the new york stock exchange. ashley, who are the biggest movers this week? >> i tell you what, certain sectors who believe donald trump will do great things for that part of our economy. let's look at the biggest winners for you. there we go, goldman sachs up 16%, not bad at all. jpmorgan, 13%. financial sector. caterpillar up 13. pfizer, there you go, the drug sector up 8%. with regard to financials, guys, one of the sectors if you like that is going to see real benefit we believe are the regional banks. these are smaller banks frankly have been so hamstrung with all the regulation. they haven't been able to compete. they keep the money on their balance sheet in order to meet those regulations. it is seen as huge boon for them if donald trump comes in and cuts away a lot of red tape. regions bank, big regional bank. fifth third bank up 10%. very good week for regional banks. what about big tech stocks though, the other side of the story? netflix, amazon

phil flynn of the price futures group is a fox business contributor. he is watching all the action from the cme. lori rothman is on the floor of the new york stock exchange, and lori, historic milestone in the selloff for the s&p, yikes! >> unless you're long on the vix. the vix has been up, melissa, just as long as the s&p's been down. right now you're looking at the s&p 500 down today, off three points t was looking good until the last hour of trading. benchmark indexes turned green and south as we headed toward the closing bell today. the election uncertainty continues to cloud the election forecast. that is the overwhelming theme here this week. dow for the week, down 1.3%. the nasdaq worst of three major indexes on the week, 2.6%. want to show you a fascinating chart. s&p versus the vix. as i mentioned, s&p has come down the last nine day, the vix, the fear index, has gone straight up and it is a perfect x. looks at those trends. there is definitely fear and uncertainty baked into this market. guys, back to you. melissa: thank you. phil, rough wee

flynn. trump has tapped him to be his national security adviser. philyou believe his ties to turkey and the russian government represent a conflict of interest? >> potential. but the questions about general flynn should relate to temperament and judgment. people come running to you to say we want your understanding of gopt and your access to government. those are software companies, defense contractors, and those are foreign governments. first thing i did when i left government, wolf, i went to work for a foreign government. it's fair for the oversight committees to ask what the nature of his relationships were with countries like an -- in individuals in countries like turkey and russia. >> so they shouldn't be disqualifying? >> i don't think they should. >> general hurtling, general flynn has come under fire for retweeting unfounded conspiracy theories, linking some of those tweets to fake news sites, if you will. this is a man responsible for advising the president of the united states in the most sensitive national security issues. are you confident

flynn. romney sees russia as the biggest threat to the united states. i don't see how you reconcile that. it's not one of those differences that you fuzz up and meet in the middle. >> phile was fired after two years at the dia, supposedly for a very contention management style. any kind of inside baseball on what he was like inside and what was the straw that broke the camel's back there? >> well, there was a real change in his behavior, based on what his former colleagues say, and what my colleagues here at "the post" have been reporting, which is is that he was a very decorated intelligence officer and regarded as highly credible and efficient and good at his job. and his behavior really changed in the last few years, and especially since he left the government, he's gravitated more to these fringe elements. and if you look at his twitter feed, it's like trump's twitter feed, but on troisteroids. it's a lot of breitbart articles and info wars and sort of conspiracy theories out there, that is really not what you would expect from a retired three-star general and intelligence officer, with the kind of background and gravitas that he had. >> phil, let me stay with you f

phil mattingly, a lot of information there. thanks so much. more now on retired general mike flynn, how he sees the world and how it could shape the world that the trump administration operates. cnn's jim sciutto has background. >> the next president of the united states, right here. >> reporter: retired will not general michael flynnflynn, onc registered democrat, will be the president's closest advisers on the threats to u.s. national security, but with views that are a marked departure from long-held u.s. policies. he has called islam itself, not radical versions of it, a threat. in tweets such as this one during a campaign, fear of muslims is rational, he wrote. and in public speeches, calling islam a cancer. >> islam is a political ideology. it is a political ideology. it definitely hides behind this notion of it being a religion. >> reporter: more broadly, he supports a significant reversal of which states the u.s. views is as threats. he has identified longtime ally saudi arabia as a danger, while growing u.s. adversary russia, who the u.s. blames for invading ukraine, atroc

flynn. cnn has the transition covered from every angle this morning starting with sunlen serfaty live outside trump tower in manhattan. >> a lot of moves being made by the trump transition team. my colleague phil confirming that donald trump has indeed settled on alabama's jeff sessions, senator jeff sessions to be his pick for attorney general. sessions has been by his side from the start of his campaign at a time when many on capitol hill did not support donald trump. he wases very first senator to endorse donald trump and stuck by his side serving not only as a chief surrogate but an adviser at many times donald trump sought counsel from him most notably when he was moving to pick mike pence for vice president. also a big meeting scheduled this weekend for donald trump as he moves to potentially consider other names for other top cabinet positions. he is meeting with former rival mitt romney who was very adamantly opposed to donald trump during the campaign. they'll be beating in bedmimster, new jersey. and we know a potential consideration for romney for a cabinet post potentially for secretary of state. also as you said, donald trump making his first formal appointment, that of lieutenant