great weekend and good night. maria: welcome to mae radio ya bartiromo's wall street. the program that analyzes the week that was and helps you sition for t week ahead. i'm in for maria bartiromo. let's get to the top stories dominating the news jerry willis is standing by in the fox business newsroom with the headlines. >> earning season started off with a big bang as jp morgan chase, citi group and wells fargo beat analysts expectation this courter. jp morgan beats the earnings estimates coming in at 2

$37 a share on revenue of 28.5 billion. citi reported 1 pbt 68 on revenue of 18.87 billion and well fargo has earnings per share of 1 .12. kaks cuts played a part in helping the banks this quarter as well as higher interest rates and rising bond yields which allowed bankses to charge more on loans and credit. all of this along with worries about the trade war with china and the possibilities that the u.s. is looking to join the transpacific partnership added up to a strong week for the markets as all three indexes finished in the green. oil prices continued their rally, crude seeing three-year high. oil hitting 67.76 this week, the highest since 2014. mark zuckerberg kept his cool despite two days of grilling

from senate and house members about privacy concerns an the heels of the cambridge analytica data mining scandal. facebook stopped, rebounded after a pounding last month, rising 6% during two days of testimony. back to you. >> as jeri mentioned, big banks kicking off the official start to earning season. the earnings coming in very strong. overall analysts anticipate that earnings for the s&p 500 companies will be up a booming 18.4% from last year. an invest rt are upbeat. is it a strong economy? tax form or or something else that deserves the credit for investor enthusiasm. to my markets guest, jimmy lee, the ce rks of the wealth consultanting group managing is $1.3 billion under management. it's early to call this earning season a success but do you think it will soothe the

investors given the fact that the markets have been rattled by inflation and interest rate worries in early february, moving on to trade tensions in more recent weeks. can we get back to the fundamentals and will we see calmer marketing prevail? >> i think we will. and thank goodness for the fundamentals so we can get off of some of the headline news that you've been referring to with the trade wars and the data privacy issues and syria. is it me or is every software company setting all of their privacy notices after mr. zuckerberg left. >> i left that out. that was the headline earlier in the week. continue. >> i believe we're going to have good earnings and ledz by financials and the banks we've had earnings come out and i think very positive and i think it's going to be more vo positive as we hear more companies announce next week as the tax form takes hold. i think it's going to prove to be positive for companies and not just this quarter but throughout the remainder of the year. happy that earnings season is

here and i think it will soothe the investors' concerns about the headlines we've been seeing. >> can you remember a time -- i've, in this business a long time, probably a quarter of a century being a financial journalist. can you remember a time when the markets were driven by headline risk and uncertainty rather than an economy that's expected to grow this year and earnings that are growing at the fastest pace since, i think, 2011? >> yeah, you know, i think headlines always drive the market in the short term but that's what's important for longer term investors watching the show. you're not a trader, don't pay attention to that too much. i think that for the remainder of this year what's important is that the stock market is probably going to be volatile. i see us hitting new highs at some point, who knows when. but i can see corrections to follow. the picture i like to paint for the viewers is, for the stock market for the remainder of the

year, imagine somebody walking up a flight of stairs, maybe not that steep but the key is walking up with a yo-yo, and the yo-yo representing the stock market. i thii think it's important fore investors to keep their emotions in check and don't make mistakes during the volatile times. >> how is the stock portion of your portfolio at this point? is there one sector you're underweighed or avoiding at this point? >> we're very concerned about bonds. and you know, we think that we need to position the port fol oweportfoliosfor a rising envir. we've increased to emerging markets, commodities. we like the financial sectors. for longer term we're concerned about the returns that investors ar are going toet from bonds, especially retirees depending on returns from fixed income to live on. >> given the ultra low interest rate environment and the unprecedented monetary stimulus from not just our federal

reserve but central banks around the globe, it was those very savers who really got stuck in the last decade or so. for people who need yield, where should they go here that could give them some safety? >> i think people need to be not chasing yield ever, right? i think they should be considered not necessarily for yield but for total return. what i'm really concerned about is the financial plans of many americans, the assumptions that they use for their stock and bond returns might be inflated. you know, most financial planning software uses historic data. and if the experts are right and we get much lower returns for stocks over the next decade and allow loaa lot lower for bonds,y have to increase risk and strategies to get the returns they're looking for. >> thank you. take care. we'll see you soon. maria part roma's "wall

street" returns in a moment. congress did its best to take facebook down. >> your user agreement sucks. >> why is the site stock still up and could it be time to admit that theth pes trade strategy is working ? we weigh in when hands go here... feet go here... you know what goes here... and your approval rating... goes here. test drive the ztrak z540r at your john deere dealer and learn why it's not how fast you, it's how well you mow fast. nothing runs like a deere. save 250 dollars when you test drive and buy a john deere residential z540r ztrak mower. i had a very minor fender bender tonight! in an unreasonably narrow fast food drive thru lane. but what a powerful life lesson. and don't worry i have everything handled. i already spoke to our allstate agent,

and i know that we have accident forgiveness. which is so smart on your guy's part. like fact that they'll just... forgive you... four weeks without the car. okay, yup. good night. with accident forgiveness your rates won't go up just because of an accident. switching to allstate is worth it.

i say this gently. your user agreement sucks. how. >> how can cambridge analytical dedicate these causes. how did that happen? why should we trust you to follow through on the policies. >> you don't think you have a monopoly. >> certainly doesn't feel like that to me. >> in retrospect we view it as a mistake that we didn't inform people. >> facebook founder and ceo mark zukeerburzuckerberg testifying .

and that cambridge analytical scandal, facebook investors like what they heard from mark zuckerberg. the stock finishing the two days of testimony up more than 5%. so is the scandal finally behind facebook and should you be a believer? that social media platform? to the fox business al stars al. welcome one and all. connell to you first. that was elevated discourse on -- i said it was like watching my father try to use the facebook app for the first time and then somehow magically like dimming the screen to the point that he insists that the phone is broken and throwing it. >> we have a 13-year-old in in our house that's assigned to, you know, chaperoning my parents through the process of using

technology because i can't take it. it did remained me of the way she deals with them in a patient fashion. facebook's stoc.as you just sai, the stock did in the two days that mark zuckerberg was in washington. on that basis alone, that's how we sore score things around her, i guess advantage zuckerberg. seems like a pretty good two days >> he only had two jobs, to not sweat profusely like richard nixon and to not be a jerk and keep a stone face. that's what he did. he was reading a script written for him by a lawyer. i think the takeaway from the hearings was facebook could be regulated by people who don't understand the internet and social media. >> even suggested putting a watchdog agency and that's something that's not going to happen anytime soon. the biggest takeaway for me is

the fact that zuckerberg wouldn't answer what facebook does with your information, specifically from device to device. there was a senator roy blunt who asked duckerburg that. can you share your information from your phone to your computer. what if you're off line. zuckerberg didn't answer the question. that already is a huge sign that he's been evasive about all of those facts and it's true. if you off line it can still track what you're doing and that's the scary part and why there needs to be a change going on. europe is a good start. >> my takeaway is lauren, you listen to him and you know that facebook's expenses are going to go regardless of additional regulation. and then you have basically maybe their ad sales have hit a peak because they've extracted as much information out of you as they can. >> would you believe that a facebook executive said in london we're not seeing users change their privacy settings too much as a result of this and

we don't expect to get hit with ad revenue coming down too much either. it begs the question. we pretend that we care about all of these things but facebook is so ingrained in our lives or it's too complicated. in europe it's different. you're not opted in automatically. you opt yourself in. it's a different way of thinking. >> it's a different cultural way of thinking about privacy. in the united states you're right. we've gotten to a point where we're pretty much okay with it even if we say we're not. rico did a survey this week to find out if people were willing to pay for facebook and they found out by large majorities that people were not, unless you made it a dollars or two. if you want to pay $6 or $10 for facebook, 28% said they would consider it and 77% said no we're not going to pay for it. >> it's out there, being sold diswhr and also too, it's not just america. it's across the globe. i don't think anybody is deleting their facebook. it's not hitting the bottom

line. zuckerberg said the regulations that are going to be imposed in may 2025 in europe will be applicable around the globe. there won't be ambiguous terms and conditions. >> and maybe they saved themselves u.s. regulations. >> and their user agreement won't suck. >> again, elevated discourse. >> really? >> real elevated discourse. >> i don't know. >> i'm self editing. president trump in the meantime comments on trade with china had some making some investors skittish but on tuesday china's president promising to open his economy further, lower import tariffs on u.s. ables, stocks and the u.s. dollar went higher immediately on hopes a trade war could be avoided. is the president's strategy working ? we got good news, christina, about the transpacific partnership, maybe we're looking into rejoining

that partnership, which would be a counter weight, a counter balance to china and that. that was uplifting news on thursday >> ts is something president trump said no to three days into his term. he's going back and a big part of that is the farmers in republican states saying this is going to hurt us big time. he hasn't been working with any other allies. europe he's excluded, japan, one of the united states biggest allies, he didn't give them an exception for stealing aluminum. so what is he going to do? turn to tpp. they've been discussing this for quite some time. exacexactly. it's like he has no choice now. >> it will be interesting to watch how the dynamic goes back and forth. he said much more than no about tppt early on saying it was a deal pushed by special interests who want to rape our country. that's what the president said

during the campaign about the trade agreement. it looks like that maybe he realizes that was a mistake. it didn't make logical sense from the beginning to say hey, i want to be tough on china, there's a trade agreement already in place that it's purpose was to be tough on china. now getting back in might be a little bit tough. we'll see. >> and i think he got an earful from farmers and people in those states this past week. i wish that he would call some of the hog farmers an soy bean growers on the phone who are from my region of the country. again, if anything, this is a tariff first half has ars trade policy starting with the steel and aluminum tariffs and it leaves youer you growers and fas not knowing what to plant. >> that's his base, the people that voted for him. and i wonder how many china used that to their advantage in the

tit for tat. i'm also curious next week we find out the other items that get slapped with tariffs, about 25%. so far clothing and furniture two major items. we all like home goods, cheap furniture and cheap clothes. if that goes up that will really hit us in the pocketbook. >> thank y so much. superstars, all. don't go anywhere. we'll be right back. obama, trump, facebook, the me too movement. why do they all rise while others fell flat. >> it's not a movement if it doesn't move without you. >> our next guest think they've got the answer w

it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. dray, when he was younger, he loved to smile; and we knew he would need braces because his teeth were coming in funny. this is the picture that was on the front page of the newspaper. all you can notice is the braces!

then, once he got to michigan state, he broke the retainer! my bottom teeth, they were really crooked, and i just wasn't getting braces again. then i discovered smiledirectclub. it's easy to just grab it and go and i can change it on the road. i did photoshoots with my aligners in and you can't see them. a smile is a first impression, that's why i think having a great smile is so important. been jimmy's longest. jimmy (shouting): james! he's survived record rain and a supplier that went belly up. so while he's proud to have helped put a roof over the heads of hundreds of families, he's most proud of the one he's kept over his own. brand vo: get the most out of your money, whether you're using quickbooks smart invoicing to get paid twice as fast or automatically tracking your mileage. smarter business tools for the world's hardest workers. quickbooks. backing you.

welcome back. our next guest say the rules of power are changing.

and their new book explains how you make this new reality work for you. a provocative new book, new power, how power works in our hyper connected world, is a guide that helps explain why some jump ahead and some fall behind in today's age. the authors of the book are here. jerry and henry joining me now. jeremy, explain to me what the book lays out in terms of new power, and even explains the popularity and strength of some of the people who we can't figure out how they rose to power. >> well, you know, this is a book about how to be powerful in the 2 isst century. and our argument is that that's quite a different set of skills. this ability to harness the power and energy of a connected crowd is a key skill, whether you're a dentist or running for president. and we've seen this with the emergence of donald trump, the enormous power that facebook accumulated and we see it with

the social movements like me too. they're all using this new power. and our argument is we all need to figure it out. >> but it's more than just having -- building a following on m particular social media platform, isn't it, henry? it's not about i tak shots of my backside and having a million followers on instagram. it's not just about the number of people who pay attention to you. it's the message as well. >> yeah, that's right. and what people are really recognizing now, particularly in business is, it's the intensity that really makes a difference. i was talking to the head of a made ya company and he was saying we used to scale as many people as we possibly can but we knows that he needs the intensity of people who deeply believe in what he does. it used to be the prescription, the job was to stand back and be vanilla making sure no one likes you. the trade now is to get a lot of

people excited about their brand. there are a set of steps for building crowds and most importantly sustaining crowds. some of the hardest piece of this work isn't getting things off of the ground it's keeping thing going over time. >> what is the critical thing of sustaining the crowd? >> it's not a movement if it doesn't move without you. the big mistake that a lot of people make, companies and others, they drop their ideas down on high. and what you need to do is build an idea that people take, adapt, run with, change. so you think about something like me too or even something as silly but as useful as the ice bucket challenge. what made that useful is everybody could take the idea, make their own version of it, patrick stewart, the "star trek" actor, got a couple of cubes of ice, poured whiskey in and wrote a check. it was actionable, you could

take an action, it was connected, you challenged your peer to do this and it was adaptable. people would make it their own. and too many people are stuck in a broadcast mind-set. >> name one company who you think understands this concept and executes on it better than any other? >> so b an air b and b, what the managed to do is mblize their hosts in their community to be their marketing arynl to fight regulatory battles for them. inside air b and b what they're thinking about is hugh to engage the crowd members, what are the skills that we need to get the crowd on our side. and for what it's worth i think we see facebook losing that battle right now. the future of business is around surging crowds. air b and b has its hands around its crowd and facebook crowd is turns against it. >> thank you both. please come back. the book is "new power."

don't go.

here's a look at some of the biggest market events coming up next week that could impact your wallet. on monday the home builders survey and retail sales out two economic indicators to follow closely. on the earnings front bank of america and netflix report. on tuesday, housing starts and industrial production are due out, plus earnings from goldman sachs, johnson and johnson and progressive. wednesday, the beige book is released, american express, i max and morgan stanley report quarterly numbers. on thursday, initial jobless claims out, black stone among the earnings result scheduled to report. finally on friday, no economic numbers of note but keep a close watch on general electric. the struggling company will report its quarterly results. the company and its stock have take an beating over the last

year. honeywell and proctor and gamble report earnings. that will do it for us. thank you for watching. we'll see you next time. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now, it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe.