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
Issue. That and much more on making money. There is greating feeling about trade talks an shut kel button potential deal . Want to bring money map press, chief investment strategist Keith Fitzgerald to join us now keith, let me ask you, how surprised at you of this really over the last couple weeks . As usual throughout the last 10 years, it always felt like a stealth rally but even more so in the last couple weeks . Well it has, save the one thing you and i talk about frequently which is china will come to the table and Companies Look forward. Was it a surprise to me . No. Was the extent of the rally . Yeah, that was a little refreshing or surprising of. Charles we got retail sale numbers out this morning it was better than expected. As i look at this report, Motor Vehicle sales were strong. Absolutely through the roof. We were told they would be strong. Building materials strong. Sporting goods strong. A last minute rush on guns, that they wont be able to buy guns. Internet. 64 billi
The mooch, what he thinks about president ial candidates calling President Trump, his former boss, a white supremacist. All that and more on making money. Charles it has been one heck of a week for the markets, right . This is an impressive rebound. The question are professional investors trading momentum . Could the major averages retest the lows . I want to head down to the New York Stock Exchange to our own Jackie Deangelis what ask going on the floor. Jackie. Reporter one heck of a week indeed, charles payne. I lived it. We have a little bit of a relief rally on our hands. The dow is up 295 points. It is just off the session highs. There is strong momentum to the upside. A strong combination of positive earnings. Lyft after the bell, yesterday, high hopes for uber after the bell today. Also the fact that investors, traders alike are looking at the market, saying are there buying opportunities . Something has been beaten down a lot t could be a good time to pick some up. Meantime i
Credit for it. As he tries to rally troops with a debt ceiling deal he reached with democrats. A whole lot of republicans are not happy. Will they embrace even more spending. I will ask senator Marsha Blackburn about that as making money begins right now. Charles a new fox poll says more than half the country approves of what the job he is doing on the economy. If the old adage rings true it is the economy, stupid, this bodes well for President Trump to be reelected. Tiana lowe and jehmu greene. Say what you will. It is hard to argue this economy has not become a juggernaut. Hard to argue, once you get in the voting booth that might be the most important issue . Certainly. Regardless how you feel about President Trumps percent sown n were in the longest bull market in history. We have a half century low unemployment, while maintaining super low inflation. It shows, people, even if they dislike trump, they like trumps america. Three years ago, seven in 10 americans thought country was m
To sustain the expansion, while continuing to monitor Economic Data coming in for the future path where the rates should go. The fed still sees uncertainty in the outlook Going Forward and acknowledges that business, fixed Business Investment growth has been soft. Consumer spending they do say has picked up. Now the fed lowered payments on excess reserves to 2. 1 . The bottom line a quarter percentage point of a cut in the Federal Reserve federal funds rate and stopping the Balance Sheet roleoff two months early. Back to you guys. Charles that is a lot to digest. Here to do it, the biggest fox business allstar panel of all time, host of varney company, stuart varney, host of mornings with maria maria bartiromo, the man, the host of lou dobbs tonight, you guessed it, lou dobbs and host of cavuto coast to coast, neil cavuto. The market doesnt like what theyre hearing so far which puts more pressure. There was whispering going on to this, could be as high as 50 basis points. Maybe a littl