Rally in new york city back in november 2015. Turns out this was one of the row tests allegedly organized by the russians. Wow. Michael moore fell for it. Joining me for analysis on all breaking news, American University executive in residence, capri cafaro, conservative commentator lawrence jones. Lots to talk about. We have kids in florida, making their way to tallahassee as we speak so their voices can be heard on that tragedy there in florida. There is talk that the white house may be willing to give a little bit on this issue, certainly when it comes to background checks for those that, weapons in this country, the idea that a guy like that whos clearly mentally unstable was able to access such a horrific weapon and do so much damage is something that is increasingly get talked about, and somebody that should be addressed. Market off 119. We have a lot of news to talk about. I want to start first with the russians, and their influence on this election season, and what theyre trying to plan now. Capri, i should start by first saying, i dont think that you can influence things big time by being out there on social media. I do think you can influence things on the margin. But ultimately, Hillary Clinton was a poor choice for a candidate. She didnt relate to the people including the democratic voters that you represent there in or have represented in ohio. She didnt connect with them. That is fundamentally the problem we had with the election as far as the democrats were concerned but you know, people are falling for this. Whether it be on twitter or facebook. Right. Trish or Michael Moore out there working with the russians or whether it be cnn helping the russians to do their job. Mainstream media that really has made it much easier for the russians themselves. That said, what do we need to be doing to stop it, to make sure it didnt happen again . Well, a few things. I think, as you said, trish, this is something that, it has been widely acknowledged, at least up to this point, while the russians did try to sow discord amongst the mileperhour public in our electoral system and tried very hard, they did not influence the outcome of the 2016 election but Intelligence Community is saying they are already at it again, trying to utilize technology, in one way, shape or form to mess with the 2008 election. I think a number of things need to happen. Number one, the facebook, twitters and Tech Companies of the world and social media need to be responsible corporate citizens, step up to the plate, recognize they have an Important Role to play as will. The american public, frankly also needs to not jump on everything they agree with. There is a desire, look at Michael Moore, for example. This is a guy that wanted to believe it. So they latch on to it. We need to be more judicious how we consume information. We need to be more responsible and understand that it might not always be legitimate. We have to consider the source. So i think that it is going to take individuals as well as Corporate America and the Intelligence Community to really combat this. Trish a little bit of a selfplug here or shameless plug here for our network. Lawrence jones, i think about how our competition treated their debate that they had versus what sandra smith and myself, what we did and what Maria Bartiromo and neil cavuto did. I can tell you, we spent, many, many, many hours together, prepping our questions. All of us together. And really making sure that we were being fair. That was our priority, fair to every single candidate that came in front of us there at those official debates. I can not say the same for our competition. Those questions were very loaded. They, in some ways they looked like they could have been written about it russians themselves. You know, i only say this because capri is right. Americans have the responsibility to be seeking out the best sources of news. If youre watching this show right now, i will commend you for that. But i think that you know, we need to, we need to be fair in all of these cases. And unfortunately, increasingly, the media simply is not. Theyre doing the russians lifting for them. You know the problem is, i would like to piggyback what you said, trish, that is why you got national praise, because you put all the candidates on the hot seat, and really challenged them on their economic agenda, and what they would do to make the climate for business better as well and for the American People. But the media, although the voters have a duty to do their research on candidates as well as on these rallies, i went to a ton of rallies with the tea party. I nhial the Campaign Organizers for rallies. The American People have the right to do their Due Diligence but the media has a responsibility to give the American People the correct information and it seemed like because they did take a side during this election that they werent able to vet these rallies, vet this information that was going out to the American People before it reached the American People. Trish yeah. No. Thats tragic but, itappened. So, as we look forward here, now what needs to happen next . I mean, lawrence, the, the administration, you know, Trump Administration now saying, they recognize that this happened but they werent as forthcoming about that earlier. Perhaps the breakdown is really, did it hugely influence the election . And it didnt, because again, she could have gone to pennsylvania. She go have gone made nice with coal miners. She didnt do those things. She never showed up in my neck of the woods. Trish really . Big mistake. Go ahead. You know, trish, heres the problem. The president has been not as critical from a voice standpoint on twitter and going publicly of this whole russia thing, because there has been this connection if it actually influenced the election as you said. But when you talk about his actual policies, all the way from bombing russian jets, im sorry, bombing russian people that in syria trish being backed by the russians. Right. Exactly. So you know, i would say that the president could be a little forceful from the oval but i, again, this is about what he is actually doing. I think you can argue against that. Trish i would say i would say one thing in that context, having to deal with the enforcement of russian sanctions. The lack of enforcement there, Steve Mnuchin and Rex Tillerson are saying well, you know, it is not that were not doing it but were not doing it. So i think that there is at least a perception there that you know, the lack of teeth to russian sanctions right now is not really there. I think that raises some questions. Trish same thing about the chinese, right . They signed on, promising not to do business as did the russians with the North Koreans and now we got video of all of them engaging in business there. Right. Trish those ships that you could see them trading on. So clearly theres a lot more that our Treasury Department could be doing and should be doing when it comes to those sanctions. I would like to see more out of them. As far as this goes i would also remind people, this is kind of the way the world works, right, lawrence . Right. Trish in other words, we should assume and shame on president obama for not being more aggressive, we should assume the russians are always trying to gather information on us and theyre always trying to mess with us. This has gone on for decades. Its nothing new. The difference now, lawrence, that there are social media platforms that make it easier. Maybe they dont have to send someone here. They could have a russian bot doing the work for them. But the reality is this always existed. I would say the chinese also are probably trying to exercise their influence, however they can. Exactly. Trish we, lets not kid ourselves at least historically also try to influence things all around the world, understandably so. I mean i just think everybody is being a little bit naive and perhaps that was just, president obama, another excuse for him. But he, he can have done more. He should have done more. I hope to goodness we are doing more, behind the scenes, lawrence. This will continue to happen. It is easier nowadays. Right. Remember, trish, president obama said back then it would not affect he accused donald trump being a baby when it came he said we know from people within the state department that the president didnt want to get involved because of the political ramifications. And so what we did see from the past administration is that they really played politics with this issue. They could have been a lot vocal about this. But at the end of the day, trish, all the other countries are going to continue to do this. Were going to do it. It is up to the American People to do their Due Diligence to give accurate information. Trish companies to, i dont like, theyre not loyal to the United States of america on this one. Theyre more loyal to whoever is paying the bills. They should have figured out it was the russians that were buying all those ads. But so be it, very quickly, we are waiting on Sarah Huckabee sanders. She will come out within the hour. This will be press conference where we think she will address these gun issues as well. Is there ability to put stronger gun rules especially on those with Mental Illness . Trump administration is exhibiting some interest and willingness to engage in that. I unfortunately had a School Shooting back in 2012 where three kids died, chardon high school, a perfect modern american community. There is more than the gun debate and Mental Health debate. This is difficult issue. The americans do deserve the white house and congress coming together to have a adult conversation about what which do next. Trish there is a window. Capri, lawrence. See you later in the show. Were off almost 200 points. The dow kicking off the holidayshortened week to the downside. We have been in the red throughout all of todays session. Nonetheless tech hanging in there. We got disappointing earnings out of walmart. The retailer down more than 9 right now. Lets go down to gerri willis down on the floor of new york stock exchange. Hi, gerri . Trish, the downside accelerating since the top of the hour. Were down almost 80 points. You see it accelerating in the afternoon. The nasdaq only index in the positive here. Let me show you the dow stocks. Only 30 of them. Most are losers, walmart, merck, verizon ge, cocacola, all the stocks having trouble today but more so than walmart. As you showed that stock down 9. 6 today. It could be the biggest drop for that sock in terms of dollars ever on record. Now, before you go to hit the sell button, understand walmart is up 51 for the year. So it is not all bad news. Here is what investors were paying attention to today. It was the first profit miss. They announced earnings, first profit miss in two years. They issued a bleak outlook. More important than that were results for online sales. In the fourth quarter, that is the christmas quarter, Holiday Quarter which should be super strong, sales were up 23 for walmarts online operations, compared to 50 in the third quarter. So that loss of energy, that loss of momentum something that people are really responding to today. People writing about inventory problems. Here is interesting fact, listen to this for the year walmart lost money on 11. 5 billion in ecommerce sales. Lost 11. 5 billion on ecommerce sales. That is tough. Mention the vix before i go here. It is up 3 . 81 yeartodate. Big change in volatility in the market as you know. We heard over and over again people are worried over Interest Rate hikes, more inflation, worried about the prospects for that. Figuring out which of the stocks will do well in a gogo economic environment. In an environment where we can expect higher inflation, higher Interest Rates. That is what were looking at right now. Again, trish, it is all about wall mart. Responsible for about 67 points on the dow today. Trish thank you very much, gear. Well keep watching it. I have on set, bellpointe strategist david nelson and and doug flynn. Good to see you, both. David nelson, down 200. Why . Gerri hit a couple of key points. Walmart set up with a negative tone. Even without walmarts numbers we were likely looking for a pullback. This started with inflation and rates moving higher. Coming into the week we saw the 10year 2. 9 . That is where it started but i think if i can take it back to last week, that dramatic rise off the bottom, for a lot of investors, very slight decline were having speak as lot of the market. A lot of investor saw we have inflation here there is still a lot of growth and earnings power out there. Big investment house, blackrock came out endorsing that. I would point out there is a lot of things you can do to massage the bottom line on income statement, growth you have it or dont. 50 of the companies in the s p 500 are having a positive sales surprise. I think this is a mild pullback right now. We probably need it to digest what we did last week. Trish retail Sales Numbers are not looking so good. Doug, you look what we saw on retail sales front. Look at walmart coming up short today. Right. Trish my hope is this is just a blip, right . As we move forward, people get more money in their paychecks. Exactly. Trish they will have more money to spend and they have to be forward thinking but your take . Thats true. We havent really felt effects of that. The first paycheck started most recently. That didnt work its way in. That being said after you have a year like last year it, would be completely normal to have a normal correction and that is usually around 15 to 16 . We had official correction of 10. We touched about 12. We bounced back up. We had the best week in five years last week. I think it wouldnt be unreasonable to think we go back down and retest that, maybe hit a normal correction after year like last year. Then you resume. I think well get doubledigit returns by the end of the year. This is one of the opportunities that you have. Walmart is definitely on the lower end of the risk spectrum compared to a lot of technology companies. That is opportunities youre looking for. Trish david nelson, does any of this factor into what the fed will do . When they look into retail numbers and dont see up tick what people are spending will they hold off . Not changing any dynamic right now. I came in, i looked at my screen. See one hundred probability of a rate hike. Probably most of the year. I think theyre getting back to path on normalization. They are stuck between a rock and a hard place. They would like to pause a bit but they have to reload. Eventually well have some kind of, some kind of economic pullback, somewhere down the road. They dont have the bullets here. Doug hit on an important point. A lot of dynamic, acceleration in the economy. That is not just a wall street event. That is translating to main street. People are excited about seeing a little bit of a bump in their paycheck. That will pay dividend when we get into the midterms. Trish sounds like youre both on tis mick about things right now. You are . I feel pretty good. Feel pretty good . I do. Trish doug . I do as well. 17 times earnings. Get a 10 correct, youre at 15 times earnings. What more do you want to get in and invested in the long haul. That is what were talking about. Not money you need tomorrow. Trish i feel pretty good too. And you say you get paid to worry. I just worry naturally. That is one of the things that i do. I have been very worried at various times about this market. I dont feel that right now. I look for all the signs that would send us lower. I was calling lehman long before that whole talking to recession or anything recessionary. Trish right. Numbers like this now. This is correction. We get these. Weve had 1corrections since the 70s. Trish we can handle corrections. As long youre not talking about a systemic crisis that will send us towards a path towards recession. That is not out there, right . True. Trish market volatility is good. That gives people a opportunity to get in. You do want people with little bit of trepidation, once its a party, everybody is back, that is when i get worried. Good to be positive. You still need people that dont believe in the market to hold back from getting too far too fast. Doug makes a very important point. Reversion to the mean is very important. We crashed through the 50day, and 100day. Less than a week we were above the 50day again. It is not that bad. Trish good, i like hearing that, especially down 200. Thanks, good to see you both. Anytime. Trish do you remember when nancy pelosi said this . Im sure you do. Versus the bonus that Corporate America received and versus the crumbs theyre giving to workers to put the schmooze on is so pathetic. Trish you dont remember it, you soon will. You can imagine that sound bite will be played over and over and over again. Tell you what, those quote crumbs, they might be giving republican as big edge as we go into novembers midterms. Im explaining that next. [fbi agent] youre a brave man, mr. Stevens. Your testimony will save lives. Mr. Stevens . This is your new name. This is your new house. And a perfectly inconspicuous suv. You must become invisible. [hero] ill take my chances. Trish President Trump on twitter today praising his tax reform saying it is giving his Republican Party an edge going into novembers midterms. Republicans are now leading generic poll, because of popular tax cuts which the dems want to take away. Actually they want to raise your taxes substantially. Also they want to do nothing on daca. Republicans want to fix it. Remember, now, no democrats voted for the 1 1 2 billion dollar tax cut, none of them. Nancy pelosi even called the benefi