Progressive wing of the Democratic Party. What that means with just 18 days to go before iowa. What is tom steyer doing there anyway . All that, so much more, on making money. Charles major wins for President Trump this week. The senate approving the United States mexico Canada Agreement today one day after the historic signing of the trade deal with china. They are say the farmers are happy with the china deal and signed to be sign deal with mexico and canada. I think they will tack massive incoming tariff money and use it to help them get through tough times. First interview since usmca ratification, white house. Peter navarro. You take a bow. You give credit to President Trump. Admit, you were a driving force, monumental force, a whole lot of people outside or inside the administration did not foresee these victories. I tell you what, chars, i dont know if you remember this, july on your show i predicted 30,000 on the dow if usmca passed and we had lower Interest Rates. Have me back
Charles markets hitting alltime high, driven in part by those important names, you know them, apple, alphabet, facebook. Connell microsoft, all in record territory, but there are some worry setting in were too giddy. Pointing out options is he had of blow off top. This is meltup followed by a big pullback. We have Keith Fitzgerald and point view wealth managements david dietze. Keith, let me start with you, for folks that dont understand the jargon. There is so much optimism calls are bet to the upside. 6 to 1 ratio. That means everyone is too giddy. When the euphoria false away well get a strong pullback. What do you think about that. That is firm command of the obvious. Anytime you get a runup, normal to expect a pullback. That is normal. You expect buying and selling. If were ahead of ourselves, find, use this to your advantage if it falls and get a better entry. Charles david, the big mistake, guess the top, guess when there is too much you for yaw. Evidence points to people piling
Making money. So the dow retreating here, crossed the 29,000 mark for if first time ever, pulling back just a little bit. The other indices are higher this as the jobs report coming in with some positive reinforcements i think about our booming economy. Here though to help me break it down is Phil Blancato and also brian wesbury. The jobs report, brian, your overall theme for that and what it means going into the new year. 144 is weaker than last months 266. We had a few minor downward revisions, but anywhere from, you know, around 150 to 200,000 is enough to keep the Unemployment Rate down. This year the feds not going to be raising rates. The tax cuts and deregulation are still kicking in. Profit margins are high because Technology Keeps reducing the cost of delivering goods and services, and when you put that all in the bucket, i think this economy not only accelerates this year, it is not going to grow 4 . But earnings are going to go up 10 to 12 percent, and that means the stock m
It was being called the christmas protest. Three big hours for you. Buckle in. Merry christmas. Varney company about to start right now. Charles huge gains for the markets this year. The calendar year, in fact, has wall street looking extraordinarily well. Want to bring in market watcher Rebecca Walser on these gains and of course, at this point in time, we always look ahead. What do you make overall of this market, considering all the negative headlines, all the negative speculation . First to have this kind of market is really remarkable. Charles, it is. Merry christmas. Im having such a great retail season high. I dont care what the retail experts, you know, were expecting. We got 3. 4 growth and Super Saturday, charles, the biggest shopping day ever. 3. 4 billion on Super Saturday. Thats what happens when you have a short Christmas Shopping season, right, from thanksgiving to christmas. Charles yeah, no doubt about it. And i got to tell you, its anecdotal but as i looked around at
All that and so much more, on making money. The market tip uses its record setting ways this rally this week to continue to roll on nasdac actually giving some back but thats the focal point because the momentum has been absolutely remarkable, cracking 9,000 for the first time ever, and by the way, this is right now, well see how it closes its the longest winning streak for the nasdac compass composite in many years and on that note i want to bring in 34 years matter of fact people are saying could this be november 1999 or march of 2000 because many wonder what could take this index and the overall market higher here to answer those questions, Wealth Management cio, fox business contributor scott martin so let me lay it out for the folks so we know what were talking about here. The milestones for the nasdac, it took three years ago from 1,000 to 2,000 and it only took one year to go from 2,000 to 3,000 one month to go from 3,000 to 4,000 just four months ago from 4,000 to 5,000 and gue