courts are reluctant to substitute their own judgment for the judgment given by law to the executive branch of government in the president. shepard: bob bianchi, thank you. a live look at the dow having another good day, up about 1.1% as you can see, upper left there. the dow stocks surging, 260 points, of the dow 30, 28 in the green today. fox business network jerry willis live at the new york stock exchange. up day is a good day. but we were down for a nanosecond, but now up, reports that negotiations on trade between china and the u.s. going well, narrowing the differences, what we re hearing. scheduling an additional day of talks. the dow positions, the ones that trade can china it s boeing, caterpill caterpillar, dow due ponlt is
the dow yesterday were big companies like bowing, like caterpill caterpillar, like 3m that do a lot of business with china. so this is the big concern here, you re at a very contentious global trade situation, was it an overreaction? i think there s a lot of risk here for investors because every day you could see things very, very tense between these big trading partners. what are the offramps for the u.s. and china here if these countries want to avoid a trade war, short of capitulating to the other side s demands. a couple of important things that happened yesterday, the repetitivity that china came back is one of the things that worked in the past, is not just the u.s. going after china one to one, but if the u.s. could somehow form a coalition
talking about trump being imprecise. trump exaggerating. and it s just not helping the underlying cause of keeping jobs in america. it doesn t help. he should just say net plus or negative plus. yeah, it s easy to do. we all got a calculator on our phone. it s easy to do. okay, answer the more cosmic macroeconomic question. why is the market still booming? and i wish there was a simple answer, but when it s going down, we always have an answer. why is it going up? i love it going up. the market is not going up. a percentage of the market is going way up. financials, banks, places like that who think they re infrastructure companies, caterpill caterpillar, companies that are going to do very well under these proposed donald trump rules are doing very well. pharmaceuticals, drug-making companies, they have no idea what donald trump is going to do. those are not participating in the rally. it s important to understand, the market s not the market. it s 6,000 individual stocks. a
it s totally beautiful. people want to seaboarders. they want to see proper health care, not health care that goes up, did you see what s going on with obamacare stuff? 25, 35, 45% increases, and the deductibles are so high, you can never use it anyway. hopefully you don t need it. the deductibles are so high, it s like worthless. you ll never be able to use it unless you get run over by a tractor made in japan, a ka kamatsu. japan devalued their currency. a friend went out and bought all their equipment, he used to buy caterpill caterpillar. this story goes back a year. he said he bought kamatsu. that was donald trump in council bluffs, iowa. sabrina, michael and ginger, are
uncomfortable with this. facilitate felt it was going too far. hp, microsoft and apple. a research that showed 30 billion to 90 billion loss of revenue from this type of operation under this tax code. exactly. and it s one reason. let s step back and think about this. one reason we ve got annual deficits that we worry about all the time and that we can t invest to pay for other things that we d like to invest in this country. r and d. you name it. we re losing a lot of revenue in these schemes. when president obama said in that quote you just played that you can measure america s bottom line by caterpillar s bottom line. he was more on target a than he realized. caterpill caterpillar s bottom line went