both houses. sandra: i keep saying as we watch that stock market rise if he will own it on the way down he will have to own it on the way down if it doesn t last or if tax reform doesn t actually get done. newt gingrich writes this in an op-ed targeting the president s strategy. since president trump took office he has been consistently strategic in working to dismantle the radical left wing legacy of his predecessor. while the mainstream media has fixated on mini controversies, the trump administration has methodically eliminated job-killing obama-era regulations, filled judicial vacancies with conservatives at an astonishing place and got break-throughs in trade relations with china and the middle east. perhaps naming some of the president s victories because you don t read about them in the mainstream media. i think a lot of those
his stomach sandra: on the business side, it s making them more competitive. harris: businesses know they re going to have that kind of a rate that we ve been talking about for over a decade, the dramatic decrease down to 15%, they don t have to do the psychological and intellectual gymnastics to try to get the numbers right. i think it simplifies it for everybody all around. i also think it s a good place to start because you ve been saying since the beginning of the year, one is the style reaction going to even out? of the policy supports that, the market stay stronger. sandra: interesting you say that when the dow is up 238 points. we saw the stock market rise from election day on. look at us today, sitting above 21,000 on the dow and anticipation of the tax reform. john: which is why he needs to deliver.
conditions were when obama took over in that depth of the recession and now this situation looks like a gift. what do you make of the claim that the stock market rise shows this is the trump effect. there s a measure of truth in this because the investment community certainly looked at a trump administration as being much more favorable to the things that matter to them in terms of taxes and in terms of regulation so a lot of the people that we talked to said yeah people were much more upbeat and in fact and you are quite right to point out that the economic momentum and throughout the last year of the obama administration and did inherit something going in the right direction. can t take full credit for it but people did respond to his
you re watching stock market rise to record levels with near zero interest rates. what happens when those start to tick up. we re already seeing that happen. harris: the fed is meeting this week. they will announce direction, they start tomorrow. and they will start to announce direction. wednesday, expected to raise, i don t think we have to worry too much harris: hearing a quarter point. we could see sandra: doesn t matter. talking longer term. the bond market already made its move. right now the 10-year treasury looking out six months, maybe a year, we re looking at over 2.5% yield in the treasury. and that s, that s strong. and that means, that is a good thing as far as all of us who want to see a return to prosperity for all americans. harris: as democrats get back to work on capitol hill they re looking to how to revamp their message following their stunning loss in last month ace election, losses, that includes the capitol building, not just the presidency. the new yo
looks likely that will happen by year-end. what will cause the market to sell off? you always have to be anticipating that. a lot of talk on wall street is right now, you re seeing the stock market rise in anticipation of president trump s policies. what happens when he is actually president and that becomes fact do we start to see selling? does that set the bar high? i think it sets the bar high, appropriately so. we re watching an administration be formed that is business-friendly. a president-elect who is business-friendly. by the way we re now escaping from eight years what has been a man who was so dour, so negative, so, so constrict tiff when it came to emotions, ebullience was not permitted. the obama white house is the most negative place and has been for eight years in this country. it is terrible.