months. if dodd frank -- >> you were saying wasn't indicative of the financial community. i'm asking to you back it up. >> i don't think it is. >> i don't know. >> you can't cross the desk. >> it's not the entirety. it is a trading community. if you are a trader, you probably would be happy. >> had clinton been elected, we would have had more of the same. if anything would contribute to volatility and more money flows because it is changing. this is it. >> people are standing up and cheering. >> were you cheering here? do you understand what i'm saying? >> how many are down there? there were thousands. now there are hundreds. >> the ford plant -- >> what was going on? >> i think it was very mixed. we have a mix. people are just glued listening

to the commentary because they were worried that something coming pout could have moved the markets. i know we can't run on fumes. we need fuel for this market to continue higher. dan made a good point, people looking for a lot of upside and aren't really looking for a down side. >> no, no. >> i think in general, he said financial. >> i think in general, the market has taken off since his election, since he won the election. the market has performed well. so in general, i do believe the volatility, and you made the exact point. volatility within our business is what we thrive on. we want volatility. so no matter what, you'll hear a cheer just from the fact we have

increased volatility. >> did you hear a cheer? >> i didn't hear a cheer. >> on november 9, i knew a lot of people in this business who did not want a tax cut. they were happy for millions of americans that haven't had insurance. >> what i'm saying is to steve's point, i'm in the middle here. that i believe the financial community is super -- >> earnings. we've got more business. >> that's the point. >> hold. on all right. we're watching again the parade here. the inaugural parade in washington, d.c. let's go back to kelly evans and john harwood who are there. >> reporter: we're watching the tail end of this, melissa, and loving the discussion back there as well. don't you think it is a small representation of what's happening around this country? >> no question about it. the basic idea of whether donald trump would be good for american business or bad for american business is unsettled. there are certain things, his

regulations, lower taxes, a real potential for a boone. if you have a trade war, if you throw off immigration policies including a wall that seems to have the united states retreat from the rest of the world, that's not so good. >> by the way, i had maybe personally been hopeful or thinking, even though we got late started on the parade by 20 minutes, we might still finish at 5:00. that was originally scheduled in that 3:00 to 5:00 window. and people are pointing out that it seems to be taking a while to go along the parade route. in fact it's been two hours. president trump is seated with his wife and son, along with ivanka and the pences. they seem to be taking it all in, looking probably more relaxed than we've seen all day. >> well, they're inside. it is warm in that reviewing stand and their work is essentially done. this is the moment for those young people in the marching bands to go by and have their moment.

then pretty soon, the president and the first lady will be at the inaugural balls. as we discussed earlier. the only question will be does he sign any the presidential orders? >> he can do that right in the oval office. as i understand. >> he can turn right around from these reviewing stands and walk 100 yards or so, inside the white house, if he chooses to. >> so we've been following this from dawn until dusk. a lot of expectations with this day and in terms of some of the violence. it was localized that we saw. overall, what are your reflections on how it played out from the crowds to the weather to the ceremonies that we witnessed, to the speech that's were given, to who showed up and who didn't? charles schumer, for example, interjecting himself in a way that has garnered a lot of

attention. it will take a while to be fully done. >> i would say overall my impression was that washington was more subdued than i expected. you did have that little pocket of violent protests and it made for spectacular pictures. the number of protesters was not very large. the number of people by certainly the standards of recent history, attending the inaugural, was also not that large. the president did inject a lot of emotion, pugnacity, passion into that speech. if there was any surprise to me from the day, it is that the president did a speech that could have taken place during the campaign. it was much of the same material that he drew from the campaign. and he was unbowed in promoting a nationalist vision of america's future that reflects the desires of his chief strategist, steve bannon, a populist, nationalist view.

he vowed to those working class voters, everything i do will be for you. and now we test against the reality of governing. >> pugnacious. that's a great word. >> we certainly tonight. we'll pick up right where you left off in materials of him saying buy american, hire american. can you have that sort of attitude in this very globalized economy? you're talking to multinationals on the s&p 500. >> that's the big risk, right? if you want to talk about what people are looking for when they were glued to the screen, how protectionist will it be? what does it mean for walmart? walmart will be squeezed from multiple sides. probably a wage increase but also higher goods costs from china. that's going to be a problem. so as an investor, that's what you're looking for. to me it is unclear whether that will be a positive or negative.

i can make the argument for both sides. and all day long i wanted to see if could i get an edge on it. i didn't get anything out of the speech. maybe out of executive orders that come out of the 24 hours. >> it was interesting, the ceo of nissan was quoted saying, we're businessmen, very practical. if the u.s. president will say, hire people in the united states, build cars in the urns, sell in the united states, that's what we're going to do because we're in business to make money. so this pragmatism that's hitting the sweep. this is the new reality of things. >> and i think once again, he is talking to his base. he is talking to middle america. this is what resonates, other than people who live on coastal cities. he is talking on middle america. this is what resonates with that population. i think where the rubber meets the road. when you look at the emerging market. i think his rhetoric will be a lot worse than the reality of it

all. i think these sectors, spaces, can move. >> a quick point, mike. >> a lot of times they are reinforcing things they were already doing. you have bmw and mercedes manufacturing cars here. so, i mean, we're just basically talking about existence. >> "options action" special coverage of the inauguration continues. we'll take a quick break. stay tuned. hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary.

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in-app chat on thinkorswim. only at td ameritrade. >> welcome back to options action special coverage of the inauguration. donald trump's rise to the white house bringing numerous protests across the united states. let's get to hampton pearson who is live in washington, d.c. you saw first hand, front row, some of the protests. >> absolutely. our situation is ongoing even as we speak. just blocks away from the presidential viewing stand, you can see behind me. the police force has more than doubled since our last report. they actually a few minutes ago had a dry run where they moved us en masse down the street. then we moved back. it does look like the police are prepared to at least try take back more of the street, if you will, from these protesters.

literally thousands gathered in the area. of course, it is becoming nightfall as well. this situation continues. the protesters have calmed down, basically walking up to the front lines and getting in the face of the police officers. the force has doubled. some of the officers appear to be having tear gas. many of them, as a matter of fact. we will wait and see. we'll obviously report to you as the situation here continues to unfold. back to you. >> hampton, it is very dark there and it is hard to tell. can you give us an idea of the presence of the protesters versus the presence of the police? it seemed in earlier shots, the police outnumbered the protesters there. >> well, that's a hard number to get at in terms of a lot of the protesters, frankly, too, there are a significant number of

media. i will say this. among the protesters, you can tell there are people calling the shots in terms of when they would escalate their movement toward the police. throwing bricks earlier, setting the fires we've been reporting on. and then they, too, will pull back, if you will. but again, the numbers of the uniformed police and frankly what they're armed with has really escalated in the last half-hour. >> all right. thank you. in washington, d.c., monitoring the protests that are just a few blocks away from the scene that you're seeing on the left side of your screen. the viewing stands where the president and his family, the vice president and his family are taking a look at the inaugural parade as it goes by and starts to wind down. as dusk falls on the nation's capital. does this signify, guy, in your view a divided country? scott walker talked to one of them earlier and asked the

person, what are you protesting? and he said nothing. he just didn't say a word. >> i think if mrs. clinton was elected, we would have protesters. we've had protests in every election. we happen to live in a news cycle that we have cameras at every street corner and eyes on everything. is it symbolic of everything? no. but i will say this. the country is probably as polarized as its been over the last eight to ten years. i don't know if that's good or bad for markets. the markets don't seem to care. i think regardless -- >> we saw that flip in the mid-term. the country was really polarized with health care. >> but there is no mandate here. the dems won by the popular vote and in the swing states where they won, they won by 1%. a lot of people don't think it is a legitimate win. when you consider the knowledge of the russian hacking.

>> we can go back and forth over that. >> look at california and new york. >> it doesn't matter. >> the founding fathers knew better than you do. >> and your guy thought it was rigged. your guy thought it was rigged. right until november 8. 9:00 p.m. >> i want to get beyond this. the guy is president now. this is the reality that we have. >> so the reality is when you talk about the country being divided, there is clearly something going on with the rise of bernie sanders, president trump being elected. you can say no matter what side your on, the electorate is unhappy with the economy, whatever they're unhappy about. that will change one way or the other. i think as an investor looking at that, you have to say where are the things that will change? what will have the biggest impact? and i think you saw it today with john deere, all these names going to new highs.

>> up next, with president trump officially in the white house, is dow 20,000 back on? the traders weigh in right after this break. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade and the wolf huffed like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in.

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so we know how to cover almost almoanything.hing, even a rodent ride-along. [dad] alright, buddy, don't forget anything! [kid] i won't, dad... [captain rod] happy tuesday morning! captain rod here. it's pretty hairy out on the interstate.traffic is literally crawling, but there is some movement on the eastside overpass. getting word of another collision. [burke] it happened. december 14th, 2015. and we covered it. talk to farmers. we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-bum ♪ hey nicole. hey! i just wanted to thank your support team for walking me through my first options trade. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim,

only at td ameritrade. from this day forward, it will be only america first. america first. every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit american workers and american families. we must protect our borders from the ravages of other countries, making our products, stealing our companies, and destroying our jobs. protection will lead to great prosperity and strength. >> that was president trump's inauguration speech. this is "options action." he was talking about putting america first. could this put dow 20 k back on the table? >> i don't know. i look at that, in my life, family first. family first isn't always

necessarily the best financial situation. putting america first, we talk about import taxing. that will be a head wind. i don't know 20 k next week. unless we get something really specific from him, that's a wild card out of him this weekend. i think we hang here for a period of time until we get very specific things out of his administration on what will change. >> remember, during his address, we saw the dow up by about a half percent. we saw the gains almost exactly in half. by the end of the day, it closed close to session highs. these are on a point basis. this was happening as he was addressing america as president for the first time. >> and as protectionist as some might think it was, if you look at the mexico peso, you might have thought would it lose some ground but it gained some ground. you give me a stable to weaker dollar, a relatively stable bond market, slowly interest rates

going higher. then you want to buy the dips. we haven't had much of a dip. give me that next week. i think dow 20 k is not hard to reach. >> and later on top of the action. you add in, the vix got crushed today. >> we're talking about economic data, greater business enthusiasm. i think you can't forget about the fed. the fed will have a meeting on february 1st. another on march 15th. let's see what the pace of rate increases is. we have a ten-year close to 2.5%. that's the highest it's been in a long time. in may of 2013 it got to 3%. it was much lower back then. maybe the markets can deal with this gradual rate increase if we would price in greater increases. i think there could be so volatility in this market. >> already we heard janet yellen say the other night, a few increases every year. through 2019, that's out there

at this point. >> we talk about volatility. you look at the vix. to me, there's a potential for it to go to single digits. nobody is talking about it. everybody is talking about going back to 23. which inevitably will happen. what about the fact it could go down from here? nobody is expecting it. to answer your original question, listen, the s&p 500 is less than one-half of 1%. i think we will ratchet higher. this market seems impervious to just about everything. up next a preview of next week's earnings. much more options action after this.

hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade welcome back to "options action." a number of big earnings out next week. are you buying or selling any of these names? what are you looking at? >> i'm looking at caterpillar

26. the management has themselves been more skeptical about the coming years than investors have been and i'm looking to see whether they will see it again. >> you want to get to dow 20,000 and nasdaq news day every day. look at thursday. google, microsoft. that's 20% nearly of the nasdaq 100. they put up beaten raises and the stock market is going higher. >> if they don't and the market rolls over, have your basket of stocks ready to buy. i do believe that there will be a pull back to buy. mcdonald's reports monday morning. i think it was 130 before it goes to 110. >> they have all those new big macs. they all taste the same is the bottom line. >> qualcomm on wednesday. do they address the ftc thing? for me, that's the most interesting.

semiconductors today were phenomenal. >> take lead and see what they do. but biogen will be interesting. even though it is not going to be big in obamacare, or the repeal of it, it will have a collateral effect. i think they'll talk about biotech in general. >> tuesday, wednesday, lockheed martin on tuesday, boeing on wednesday. big defense names. >> trump trades. >> i want to listen to the conference call and see what they have to say about the meetings we have this the president and how they're handling this. that will set the tone for me. >> you have a trade on for next week? >> an options trade for next week, i would be fading the move in caterpillar. i would sell call spreads there. >> how about you? >> i think, them maybe the vix can go down. >> when was the last time? it just happened. >> 2007 and then 93. >> i would say the notion of big

gains, the idea of buying call and to find a risk makes a lot of sense. >> that does it for us on this historic inauguration day. "mad money" starts right now. >> announcer: the following is a paid presentation for the wolfgang puck pressure oven, brought to you by kitchentek, bringing life-enhancing technology to your kitchen. succulent, juicy, tender, crispy outside and perfectly cooked on the inside. if you love the taste of a perfectly cooked roast, a holiday turkey that's juicy and tender all the way to the bone, or prime rib roasted to perfection, but when you try to cook it at home, it just doesn't come out the way you planned, stay tuned. in the next 30 minutes, your mouth's gonna water as we introduce you to a revolution in the kitchen that combines pressure cooking and roasting into one.