Es always about money. Melissa president obamas bipartisan rhetoric after the midterms apparently just lip service. Fox news is learning that the president is firing up his mighty person unveiling an executive order on immigration order next friday. As senate prepares for a vote on Keystone Pipeline the white house already hinting at veto. Here to discuss were waiting on very own charlie gasparino. We have empty seat on the set. Im sure he will power in her any second. Veronica daguerre from wall street journal. Jack otter from barrons. Thanks for you two guys being on time. Veronica, the president is doubling down on policies that got his party kicked out of washington. He seems to be committed to that and America Melissa thanks for joining us, charlie. A seat right here. Im sorry i was on the phone. Keystone to go through. Both sides of the aisle look forge that. Looking to make that happen. Because they want jobs created from that. They want that policy and they want cooperation in
The stock market was saying it is not, the future is not very good for the u. S. Economy based on the latest data but which i will say this, the market came back and came back the minute i thought, that Morgan Stanley came out it changed its estimate when the fed will finally start raising the fed fund rate and policy rates changed it from melissa from later from january to march. 2016. Melissa indicating that the economy is worse off than we think. By the way Morgan Stanley, just caught up with a friend of ours who has been saying it right here a past couple months anthony scaramucci. He said that was going to happen. He was absolutely right. There is good reason to believe it will take longer. Ask yourself why europe is buying all these bond to keep their Interest Rates low . You think that will help the european stock market . I wont. Someone thinking about doing a piece of Business Rates at 2 is too high theyre waiting for 1. 75 . It is not about rates. If theyre doing that in euro
Show us the money. The dow and the s p both hitting new highs. Lets bring in todays panel. Ceo of veterans for america. He is also a fox news contributor. You guys are like two groomsmen. I am the groom. Melissa a twoman a cappella group. A little more symmetrical. What do you think about the market . There is good news on the economy. The stimulus that we have had has affected the financial economy or the in the real economy up to now. U. S. Stocks are just over 15 times or earning. I am not sure if the economy is picking up and if they will fully participate from here. I would say politics and washington is definitely what pushes this market higher. You will get this on them to limit number going downward. Let the patient heal on its own. of the American People do not feel that that is an 80,000 dow. People are not feeling the benefits of this economy. The problem is, the Unemployment Rate is still dropping. Real people do not feel the benefits. Melissa nominating Ashton Carter earli
Melissa breaking records, making money. An early Christmas Present for wall street as the dow crosses 18,000 for the first time in history, lets bring in todays panel. Fox businesss charlie gasparino, jack hough from barrons. Monica crowley from the washington times. She is also fox news contributor. Jack what do you think of this rally . It is certainly welcome. Only an idiot would try to predict what the stock market will do. That said, let me predict what the market will do. The u. S. Market will rise 8 . Melissa really. I pick that number because that is rate of expected Earnings Growth next year. We had enough of rising valuations in u. S. They have been high as they get relative to earnings. See valuations stable, match melissa nice haircut,. Petco. Melissa wellplayed. I agree. Heres the thing, look at this way, low inflation a huge tax cut in the name of Lower Oil Prices and lower gas prices. Not really great wage growth. And decently expanding economy, unless something takes, t
Todays cyber monday shopping. The National Retail federation is still expecting holiday sales to jump by 4. 1 , outpacing last years increase. Here to discuss our very own charlie gasparino, veronica daguerre of the wall street journal and dan shaffer, president of shaffer asset management. Are think optimistic or delusional . They still think well end up ahead. A lot of people are buying online. That could boost sales as they said. I think well see increase in sales. Seems like were headed in that direction despite the stretched consumer. The question at what margin . What profits are Companies Going to get the sales because they are discounting so details. Melissa you were online by 5 00 a. M. On thursday, right . Of course. I thought economy is supposed to be getting dramatically better. Isnt that what were reading every day out of wall street. Melissa right. This is one indicator but pretty good indicator, people are not spending this time of year, they dont have disposable income,