Plus the north Korea Nuclear threat. It could fire off the latest round of missiles as early as tomorrow. The u. S. Dropping in the meantime the largest nonnuclear bomb on afghanistan yesterday. The mother of all bombs targeting the Islamic State. The latest on the United States message of force to the rest of the world. Amid rising geo political tensions investors have pulled back. A rocky week for stars, all three major market gains down three days in the row. Markets are closed for the holiday today. Bellagio hotel up in flames, Las Vegas Strip shutting down after rooftop caught on fire. We have the latest there. The United Airlines problem, a man stung by a scorp own after it fell from an overhead ben. That claim says he will take legal action against the airline after detailing the extent of his injuries. Plus the drug crisis in america, las vegas becoming the first city in the country to have a vending machine filled with needles for addicts. And holiday could mean a big weekend at the box office, the latest installment of the fast and the furious out this weekend. I do love a car or two or eight. We have a preview later this hour. All that and so much more coming up this morning, fox news correspondent Lea Gabrielle is here, recon capital chief Investment Officer kevin kelly and lee carter, welcome to everybody. You dashed over here. Lea i sure did. Theres a new sheriff in town. Lots of news coming in right now. Dagen do you think President Trump called call up the military commanders and said, what youve got . Lea its really interesting because hes not saying the the white house isnt saying whether or not they ordered the strike saying the military commanders on the ground had been given the authority but i think it says a lot that the military on the ground had been given the authority to use this type of weapon and whether it was intended or not, dagen, it certainly sends a message around the world. Dagen it does. Theres some tweets from a former soldier who lost his legs in fighting for our country and theres series of tweets he put out yesterday that were very powerful. He was speaking to the show force from President Trump. Coming up former reagan director is here, former Trump CampaignForeign Policy adviser whalid phares. President trumps policy changing thanks to growing influence from leaders in the white house. During the campaign the commander in chief was critical of the u. S. Exportimport bank and russia, but recently the president s hardline positions are shifting. Lets listen to the difference in tone just on nato. We have a thing called nato, they asked me recently on television about nato, i said its obsolete, theyre not equipped for terrorism. They dont even have the right countries for terrorism. The secretary general and i had the productive discussion about what more nato can do in the fight against terrorism, i complained about that a long time ago and they made a change and now they do fight terrorism, i said it was obsolete, its no longer obsolete. Dagen do you see the influence from business aders in terms of how hes talking about trade, nato and even the exportimport . Kevin absolutely, youre seeing that come across the board and one of the reasons why is for main concern of market participants, they were very worried about that. Thats why you also saw concern on border adjustment tax. Now that youre seeing hes not labeling china a currency ma manipulator and the last administration started coming off of that. The treasury said china is no longer currency manipulating. It is worrisome dagen the dollar had been strengthening against yuan. Kevin correct. In august of 201 when they devalued the currency, the yuan against our dollar it sent ripples throughout the entire marketplace. Remember, august of 2015 was very volatile for the markets. We were trading 50 but what is worrisome to me is the president is now talking about how he does like lower rates and we know that lower rates has lost efficacy. We have to start looking at policies to push this market further. 2016 Small Services survey 61 of Small Businesses face financial troubles and they they used personal funds to actually meet those. We need financial regulations to be lessen and we also need fiscal policies. Dagen i have never liked any president talking about the stock market, the dollar or Interest Rates because it can send shock waves through any and all markets, lea, i wanted to point out this issue on the exportimport bank. He was skeptical. President trump had originally called it unnecessary, it appears after talking to boeing ceo who explain today him the role that the bank plays that he changed his position on it. Is this healthy that hes actually listening to advisers and listening to people who make hiring and firing decisions . Lea i think its very healthy now that hes in the room, now that he has access to advisers and information on the defense side, access to classified information that he is adapting to the information that hes getting. That says a lot about it and that should make us all hopeful. Now, of course, on the politics side, the other side will be going after him, hes flipflopping but i think its an important Leadership Trait to be be able to change your opinion and change the decisions you make based on having more information to really listen that those people. Dagen i want to get to the blackstone chairman and ceo steven, we heard President Trump mentioning him at the top of the show. Here is how he characterized President Trumps business influence before a meeting with other executives. The president likes talking to business people, hes comfortable with them. People on the forum are very busy, very competent people so to the extent we can engage them which we are doing and this is different from the other groups that had met with the president , theres a lot of work that gets done between meetings and with individual members and individual people in federal government to help them accomplish their objective. Dagen this seems to fly in the face of somewhat what he promised, the most loyal supporters . It seems to. In many ways a lot of the coverage is saying hes flipflopping and he will lose the base, but i dont think thats necessarily true. One of the things that donald trump promised to be was pragmatist, im going the make deals and change things up. People see that hes dng tse things. Hes meeting with leaders and hes announcing that jobs are coming and staying and announcing all of the things so his base is satisfied with some of these things. He promised he was going to make deals. I think unless we see some real wins on the board, i think people want to see tax reform tom through and health care reform. Thats where hes going to have issues. I dont think the meeting with the business leaders, i dont think the things where hes shifting opinions is where hes going the move the base. Dagen labeling china a currency manipulator was one thing he did promise and the administration has not done that and at least at this point will not do that. But i want to read a quote from laura engram who was the wall street journal talk today her in this article, few are freaking talking about his most loyal supporters, its early on and hes done and will do many of the important things his voters want on the economy, trade and border enforcement. Theyre willing to give him some time and if jobs come, theyll be happy. Kevin why is boeing getting subsidies from the government to finance projects . One to have biggest issues with Freedom Caucus are going to have issue with this because they shouldnt get subsidies to get lower rates, why . Boeing is a giant company. Small businesses need it. They need taxes to come down, thats what Small Businesses need. We dont need to be word about the exportimport bank. Lea on day one of presidency hes labeled china a currency manipulator. Some people in business would say that that was the opening shot of negotiation, that was sort of making a statement to china and then he can walk back from that as we have seen he has and develop a Good Relationship with china hopefully he will. Dagen the art of the deal. Breaking news overnight. A rooftop fire at the bellagio closes the strip. The passenger suffering extended injuries after being dragged off the flight, might require reconstructive surgery. We have the details. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Dagen Las Vegas Strip temporarily close due to fire at the bellagio. Lauren the roof catching fire closing the entire vegas strip. First responder units arrived at scene just before 11 00 p. M. Eastern time. It was difficult to assess and no injuries have been reported. So thats the god news here. And the manhunt for Joseph Jakubowski continues, hes responsible for written letter of violence on easter sunday. Governor scott walker canceled annual Easter Egg Hunt due to safety concerns. Police have been searching for jakubowsky since april 4th after he robbed gun store and sent a manifesto to President Trump. Scorpion allegedly fell from overhead ben from a plane and stung a passenger on a flight heading to houston, the united says the passengers injuries were not lifethreatening, this comes after sparked outrage after dr. David dao was dragged off the plane. Doctor suffered significant injuries including concussion, broken nose and the lost of his two front teeth. Dao will also undergo reconstructive surgery. This incident sets a new precedent, watch. For a long time airlines, united in particular, have bullied us, here is what we want as a society, we want fairness in how people treat us. We want respect and we want dignity. Thats it. Lauren the airline will provide compensation for every passenger on that flight, dagen. Dagen i am [laughter] dagen selfediting, lauren. Everybody wants to make it out like this is a widespread problem. Its how badly passengers behave. Its not the fault of the airlines. Lauren did you see the other video with the Law Enforcement asking him to leave and dr. Dao was very calm. Dagen im not using this as an example. He was clearly roughed up and this is horrible but to make this blanket statement of how all the airlines bully passengers, you know what lauren they squeeze us in those seats and nickel and dime us. Dagen the tickets are dogon cheap. You can fly across the country for a few bucks. Kevin i dont know where youre getting those ticket prices but its a lot more expensive than that. Dagen i see people stepping on dogs, stepping on children trying to get on the plane first. Ive seen that happen actually, lauren. By the way, its your birthday. Lawyer, thank you, everybody. I turn 21 today. Dagen you look every day of 21. Lauren thank you very much. Dagen thanks, lauren. Coming up another rough week for wall street. Investors pulling back amid growing geo political threats, what it means for markets Going Forward . Ub ner the hot seat, mass i have fine over drunk drivers, this comes as reports show it used a secret program to track the competition, the growing trouble ahead when i received the diagnosis, i knew, whatever it takes, wherever i have to go. Im beating this. Breast Cancer Treatment is continuing to evolve. Ctca is definitely on the cusp of those changes. We really focus on taking the time with each individual patient so they can choose the treatment appropriate for them. I empower women with choices. Its not just picking a surgeon. Its picking the care team, and feeling secure where you are. Visit cancercenter. Com breast Appointments Available now. 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Syria, the strikes there, north korea, the looming French Election even, the nasdaq getting hit the hardest, down 2 this week, investors keeping a close eye on earnings which got underway this week led by the banks. Joining us now is Cfra Research and investment strategists lindsey bell. Always pleasure having you. Thanks for having me. Dagen you saw yesterday when the news broke of that bomb, that moap bomb being dropped in eastern afghanistan the markets reversed, stocks went down and money rushed toward treasuries, do you think thats going to be something that weighs on the markets in the weeks ahead . Well, look, theres always an overreaction specially when bad news like that comes out and the market is usually pretty quick to snap back after three days off, you know what im saying, i think theres going to be volatility in the market for the foreseeable futures. Some of the things you mentioned are going to be top for investors for the current period. Right now we are focusing on earning season, those banks came up with actually petty good earnings which surprised me because the bar was high for these guys going into the resolve and that was after all the concerns about slowing loan growth and weak trading volumes, well, these guys are able to beat those very high bars and citigroup and jpmorgan specially with Investment Banking revenues and fixed income commodities and trading bids offset weaker areas which is impressive. Dagen the wall street journal article say that is they lead with the idea that the banks also warn that they dont expect quick benefits and also Trump Administration policies. Do investors take that to heart in. No, i dont think so. Dagen broadly speaking. I dont think so, because if you look at the valuation of the stocks, they are so extended even after yesterdays loss. Jpmorgan and citi were up in the day and ended up down on the day and wells fargo obviously was hit the worst given the sales scandal that theyre going through. You still look at valuations on price to book basis. They are above the average for the Banking Group in general and they are only 14 for group, its only 14 above the the highest point reached after the recession, so its frustrating for fundamental analysts and im looking at the numbers, yes, they were good but they were off of a really low base last year. Its hard for me to see, the stocks are up 20 since trumps since trumps election. Dagen lets not talk about tesla. [laughter] premium valuations that we are trading at. Kevin one of the biggest things i saw in the banks and readthrough, we cant shake more from each other. Listen, we did well on the trading specially when it came to equities and fixed income. Guess what, dont expect that Going Forward. They were really holding back and thats what led to the market trading down after we dropped the mother of all bombs because if financials arent leading this market, what else is . Earnings are supposed to be up 15 in the cycle. Tech has done well thats why it was open 12 last quarter. The regional banks are in deep trouble because theyre relying on debt interest market and deregulation. Thats why you have seen regional banks, all of them down about 10 so far. Dagen just a side note, bb t and goldman sachs. Its definitely going to be interesting to watch the regional banks. Pnc was an outstanding number yesterday and didnt get enough air time. They said loan growth is going to be up in the higher end of midsingle digits but i think this quarter is going to be good and i think that investors are going to ignore the future and that is frustrating because i agree with you, i think that the cost of capital is going to raise be raised in the coming quarter because they are seeing net interest markets expand. Next quarter itll be a lot closer when theyre not putting loans at higher rates. Dagen real quick, if you look at the broad sectors in the market s there any area that doesnt look overvalued . [laughter] well, yeah, i mean, no. I think that i did Like Technology earlier in the year but thats run up. We are getting a pullback now going into earning season but expectations are very high for that group and its a tough market right now to get i look at it with my own personal money and im like, where do i want to put it right now, its a really tough decision given how far weve run. Dagen i look at the tenyear treasury, yields 2. 3 . Right. Another reason why to stay away from the banks. Dagen good to see you as always. Coming up the threat of north korea, President Trump say