and has my minority leader kevin mccarthy. catch the show live 10:00 a.m. eastern on fox news. and i hope you'll join me every weekday right here on foxbusiness start smart tune in weekdayskdays right here on foxbusiness news. have a great weekend everybody thanks for joining me. we'll see you next time. ♪ ♪. gerry: hello and welcome to the wall street journal at large. for the new year new decade, started at the same frantic pace of news is the norm since donald trump went into office three years ago. on tuesday this week i run retaliated for last week's u.s. drone attack that killed the countries top general qassem soleimani for filing missiles at troops. no americans were killed, in response president trump went on national television speaking in terms saying look

like iran was standing down. financial markets have continued their relentless move upwards as the threat of war has eased. emily learned a a ukrainian plane that crashed just outside tehran just about the same time is that missile attack was probably shut -- shutdown by by an iranian missile. by accident. this puts further pressure on the islamic republic. while these are early days, many critics here and around the world denounced president trump's decision to kill general soleimani are not looking quite so clever. and for the moment at least iran seems to be on the defensive. meanwhile back in the united states members of congress return from their holiday break and the party dispute on the impeachment trial for the president left off just as it did before christmas. democrats wanted witnesses called when mcconnell said the decision does not need to be made until after the trial is underway. now after weeks of delay house speaker pelosi will move next

week to finally send the articles of impeachment. 2020 we are to conflicts one domestic. facing radical change in domestic politics and in the international order. americas reevaluating its world role of the world even while at home it seems to be wired in a deeply decisive debate about its own political and economic future. will this week to discuss this with the changing democracy i'm joined by where the the sharpest minds out there. a leading political activist a critic of many presidents and of course he was for many years the world chess champion. he is now chairman of the renewed market of initiative he helped to found helping to restore democracy which he feels is on the threat not only in russia but here in the united states and wider west

two. let's start with the situation in the middle east if we may. i want to get on to the challenges facing at home. but let's start with the situation in the middle east. we saw that attack last week the check at general soleimani and their response. it was the united states a stronger position now was a week or two ago? >> may be yes. but i think we should recognize that the current crisis in the middle east and the global one as a result of america's repeats. not just with trump and obama, but all the way back to 1992. the end of the cold war, because that's what happened. when you have the end of one, the leading power or powers we had to come up with a new plan or strategy. and what happens was a very steady plan from the end of world war ii. that eventually brought a victory in the cold war.

it started with harry truman belting like nato and cia, voice of america national security council and ended with ronald reagan's attacks. so america. [inaudible] its foreign policy became transactional. so instead of being steady it's more like a pendulum's swinging back and forth but in the 19 '90s it was clearly the dominant power in the world. winning a war in the balkans. >> but they were tactical resolves. so again it's not about winning wars. many wars of the same time. let's go back to the '90s. but it's more about the plans of the strategy. so what's it about in the next ten or 20 years. what about executions. what about the new united nations. that was built in 1945 to freeze future conflicts. but if you want solutions, you

don't use exit cue show that was built for freezing conflicts. so specifically on the middle east how do we get where we are? we had president bush with the war in afghanistan and that one very badly. [inaudible] postwar management. but it was stabilized by 2016 with the serbs. by 2008 it was establishe stabilized. then president obama comes in and it's kind of a mix and policies he wants to get anyone to get forces out, he'd attacked libya. >> okay famous phrase probably not firm obama but from those leading from behind, that's not working. although back in 1951 truman said that we could not lead forces of freedom from behind. until the results because obama believed that america was to blame for many crisis. and if america moves back, and reaches out and embrace our

former enemies, we could solve all of the problems. even with failed policy of what the results? we sought in the middle east. gerry: exactly we had a vacuum. ironic russia too. again the question of the latest developments the week or so, is iran reading back a little bit? >> i think it's very difficult to decide whether it's actually improved. obviously killing or assassinating soleimani who was the mastermind was a good move. it had to happen. but again, it's a one shot. what about the plan? what about the strategy? because a big if they were to continue and there's a plan, and it seems that america's most powerful country in the world. because americans could bring troops back at will. it has no plan.

and that's a danger. iran has a plan, pollutant has a plan, it's important for america to come up with the policy. because right now i don't see any. this can be pushed back again. gerry: there's pushback by taking about soleimani. is this an opportunity for the united states to now reassert itself in the middle east and establish a plan and a stronger presence? >> upland yes don't forget i used to be a chess player a plan is important strategy is paramount. there is no strategy. when i hear pompeo talk about running around competing with china and building relations with russia, he sounds like jon kerry. so that's wrong. we want russia to be an ally where russia is defying the united states everywhere in the globe it can. or they are helping at some point. [inaudible]

gerry: i strongly disagree. >> we can argue about the role of russia because few commanders came from chechnya. somehow they found a way going by turkey was some sort of document, and ended up in syria and iraq. gerry: we've got to take a break. to the u.s. should develop a strategy to confront russian ironic middle east. >> it's more about u.s. strategy they have to build out allies. what's happy with the courage is a problem its resignation in other states prayed right now the u.s. reputation with the bush, obama, and now trump. it's very low and strategy. i hope that will help to build the trust. gerry: gary we have to take out break but i want to get gary's views on democracy in the world. stay with us. the epson ecotank. no more buying cartridges. look at all this ink it comes with. big ink tanks. lots of ink. no more cartridges.

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favre. gary you mommy quote from the menace best of your website. it says it being in peril. for greater it's being wristed being bent back. towards political authoritarianism, economic stagnation, ideological extremism and disorder. it's a pretty bleak picture you paint. why do you think things are as bleak as you characterize them? >> because i have been watching the rise of extreme on both spectrums but not just this country but across the ocean in europe. so we have more and more power shifted to political groups and they are typically not in the united states you have. [inaudible] [inaudible] you had one going to the left

in 1964 democrats 1974 were public in spirit right now you can see it's all about primaries. it's all about kowtowing and building the base. and basically ignoring the center. and the political center is a problem and i think we have to go from history that is democracy is in peril. not with the one side rising against. but both political extremes attacking the purists of the free world. democracy as an institution and free market. gerry: but liberal democracy has failed people it has been great for the likes of you and me, frankly who have been recently successful. but for a lot of people it is created huge inequality. it has alienated a lot of people from their leadership. it has created these remote accountable elites who work around the world and run the

world. and it has actually undermined democracy itself it, undermined ruled by the people. >> but it doesn't mean we have to throw it away. you described what is attending the voters mind. but at the same time look at character. look at the new devices now that helps us to communicate to everyone around the world. so it's unequal, there are inequalities, but at the same time we should recognize it's not because capitalism failed us. i believe we are failing capitalism. so we are violating the fundamental rules that i believe of the free markets. and the attacks on the free market now, they become very popular and you can see it on the left, they are not just simple calls for redistribution of benefits. but to abandon the fundamental principles of it. people are not shy to call themselves socials. gerry: you check nationalism

but isn't that just an inevitable response ruled by the global elite we've seen in the last 20 years. again free trade, free capital movement, borderless world or people could move from one country to another specially if they have the opportunity to do so that many people feel is undermining the traditional culture and institutions, the way in which they live their life. nationalism is responsible? >> nationalism has never brought positive results. gerry: it did in the soviet union nationalism is the reason they russia broke up is that right? [inaudible] >> the socialist system failed to compete against the free world. thousands dramatic victory. gerry: but the social awakening in russia? >> it's a system that could be provided with things they knew were available in the free world. so i think it's the young generation now, the millennial's are younger people that don't recognize the significance of the victor

of the free world over communism. that was in the late '80s. that's overseeing a revival. i am shocked because everyone in the world, you look at south america, europe, asia, socialism has failed. there's not a single success story. the socialism in this country is not about following the swedish model, its social democrat. but it's about promoting ideas to the very engine of socialism. he understands the emphasis on social. and it's quite good because many young people follow him without understanding the dramatic consequences of this idea. gerry: work and take one more quick break and next we will talk more about these issues of democracy we will also talk about a historic chess match with the computer that gary had and that changes the way

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gerry: i am back with garry kasparov. gary tell me about the issue of democracy do you think we are all familiar with authoritarianism and the russia and china and elsewhere. do you really think that democracy is on the threat here in the united states? >> yes i think so, it's no longer institution that brings together the nation, but it divides it. you can see a democratic party desperately trying to keep away hostile takeover. but it takes -- governed by principle but trumps daily

tweets. if the vision of the nation and it always brings democracy down. i think instead of watching and looking for what makes the nation great it's all about fighting each other. gerry: some will say trump is actually the manifestation of democracy because he is representing what many people in the country feel they have been deprived of for so long. the action of someone in the white house who speaks their language and does things they want to do. represents their interest on trade or immigration or whatever. and they feel democracy is being renewed. >> no every time trump speaks or tweets, it's a different language. i am not here to challenge an electoral college but at the minority voted for trump. it's a follow-through. [inaudible] agreed, but again it's very important institutions are being preserved. it seems now that every party is trying to bend the rules in its own favor. and personally if i feel the

two-part system that we used to know, it's exhausted we should consider doing other things because there are so many groups under one tent. whether it's left or right. so america should be more creative and reorganize its political system based on the constitutional principles of the founding fathers. gerry: i want to talk about something else really quickly something which i think you are even more famous. considered by many, gary chris bars the greatest chess player in history not author of a number of books. his most asked recent experiences deep thinking when machine intelligence thinking in human creativity begins. gary had a famous chess match. >> two matches. gerry: is 20 years ago by a computer. one of the things again that is worrying so many people in the world today and causing some of these stresses we are talking about is the advance of technology.

what are the limits of artificial intelligence? the computer managed to beat you and has beat others. where is artificial intelligence going? are we going to be redundant? >> absolutely not. i speak almost every week now for different audiences mostly business, talking about the future. i am really concerned about doomsayers. all the doomsayers that are trying to terrorize our minds and maybe we should stop watching so many hollywood movies. because the futures for our making. the machines helped us, they create problems, and many industries are facing the end. but jobs do not disappear, they evolve. so my book it's based on my experience of the fighting machine. but now i'm arguing you have to work machines. the endless opportunities that

could actually bring more benefits than problems and it has happened many times before. it's painted beautiful picture like a red roar or write a play like shakespeare? i doubt very much but you talk about something that might attract a few million people were a billion will say no. so machines can do many, many, many things we don't know their limits. but it's what we should consider as our imagination and our dreams are not limited. gerry: thank you very much. just ahead despite their complaints no time to feel sorrfeel sorry for the prince and duchess of sussex. i'll explain more. ♪

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on car insurance. raccoon: i got the cheesesteak! gerry: will now for something they say is completely different. first it's a brexit and then it's exit. the briton set to leave the european this month. prince harry and meghan markel are are saying they're going to step down from the royal duties and divided their time between the two countries. the queen said she was upset with the move and was had not been told of the situation. it cause palpitations around the kingdom at around the world. supporters of the couple said they have been hounded i

public life by the media. and they have talked about mixed race. and racism. so i will have to say this is nonsense. the cut the media adored megan when she first came on the scene. they have been using the platform to push all of their cultures and whiteness in education. but the royal family is not supposed to embrace causes because many of the public will quickly come to dislike them if they do. the reason the queen has been so successful for 58 years as she is explicitly avoided all this controversy. now you can't have it both ways. being a royal gives you some really nice perks. a big palace, fancy title, and exchange all you are asked to do is to stick quiets, smiled politely, opening hospitals and visiting foreign countries. megan and harry should be able to support all of the puck what they like. but not while the british

public is financing their lifestyle. thank you for joining me i'll be back next week with more in-depth interviews on wall street at large. ♪ ♪ jack: welcome to barron's roundtable where the sharpest minds on wall street meet to get behind the headlines and prepare you for the week ahead.

i'm jack otter. we begin with what we think are the three most important things investors should be thinking about right now. defense stocks jumped on stocks with attention and iran how missile technology could affect your portfolio. this week tesla was the most valuable car company of all time. the outlook for the musk empire going forward. and big bang supporting next week and what they will tell us about the economy. on the barron's roundtable tonight my colleagues al and jack. jack i'll start with you. missiles flew, and then tension seemed to ease a little bit. that because the broader market to rally, but defense stocks jumping pulled back a little bit. word uci ron the u.s. and stocks going from here? >> its price in the short term with defense stocks but the long-term outlook for the stocks is still good. i don't think many investors thought i week ago that we would see tension eases quickly as they did. but the white house had a choice of whether to escalate

or not, the president set iran appears to be standing down which is good for all parties concerned. a very good thing for the world. the stock market get really like to hear that. just over a year ago with raytheon northrup, and the thing was people were worried about defense cuts. we focused on hypersonic missiles is the reason why we don't think that's gonna happen. and in the same we talk about under construction or many hypersonic missiles. why would he mention such as specific then? russia fielded these weapons last year. very briefly they've got the maneuverability of cruise missiles but many, many times faster. and they could render defense systems obsolete they could neutralize fleets. >> tomahawk is. [inaudible] it's basically a transformer

type of weapon. and there's the potential for weapons like that to spark a new arm spending race between the u.s., china, and russia. and so there have been increases, the stocks are up there sizable gains there up 40% all of them are beating the market. but they are still unbelievably price, and the earnings outlook is great for the market. jack: i want to go to al on tesla, it became the most valuable car company and all times. does it deserve that title words ago from here? >> that's a good question and that's a good thing with them and elon musk you have a very polarized groups. it became the most profitable, most valuable car company in america, ever. bigger than ford, gm by market value. market value is 86 billion. it topped forward back in 99.

now the question is does it deserve it? tesla makes a fraction of the cars comments newly profitable it trades for about 70 times earnings. jack: it's got earnings. >> traditional car guys look and say i just can't stomach the evaluation i don't get it. but tech investors see much more than a car company. they think it's can have its own a thomas sequence for the thickets can build a monetize the nationwide charging network someday. it's. >> are the bears capitulating general monitors is six times earnings. elon musk is kicking me in the rear end every day by proving himself. i've been wrong on tesla. >> i've invest exactly what's going on. tesla was a heavily shorted stock. they bet on price declines than good things happens. to build the plant under a year end starts delivering cars in china nabbing the shanghai facility. it made money in q3.

and it gets the stock going, and then short sellers all rush for the doors at a star's to feed on itself. >> gets less expensive. >> they literally have to buy the shares of the opposite of what they won the happen happens in stock was up. >> said that things are happening the stock is up under percent in three months. >> it's a play on batteries if they complete that technology to go beyond the economy. >> were talk but 80 times valuation going to banks now. so we had j.p. morgan kicking things off next week golden later in the week. the thing that's really interesting about the banker ring is the window into the consumer and a window into the business sense. and you see that in growth on both sides for its that's one thing people will be looking for for the q4 figures. but also it's about the 2020 outlook. and that's a people are going to be focused on. our consumer still going to be borrowing? are businesses going to be borrowing for their growth as

well? i think one interesting fact is loan growth. they are expecting it to moderate across all the big banks a bit. net interest income will increase a little bit, but margins are going to continue to be compressed a little. and that is because we have persistently low rates. >> a little over a year ago we had interest rates rising in the view was paid the banks are the starting line the ready to go, they're ready to race ahead in the market. and then there was a flop because rates are no longer rising as fed cuts rates. so how should investors think about that is the opportunity over where can they perform while we don't have this rising they said the lack of the rise really affects the community banks where their lending and deposits there that's their business. the bigger banks like the j.p. morgan's in the goldman sachs with their lower rates there's more activity. you see more business lending and use the other things going on to help their bottom line. jack: 's we've got a lot more about banks because we spoke

to brian moynihan's of bank of america. coming up we have a meeting of the minds at the roundtable, top investors give their look

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talk to your doctor, and call 844-234-2424. i had no idea why my mouth was constantly dry. it gave me bad breath. it was so embarrassing. now i take biotene dry mouth lozenges whenever i'm on the go, which is all the time. biotene dry mouth lozenges. freshen breath anytime, anywhere. jack: brian moynihan just celebrated its tenth anniversary as ceo of bank of america what better way to mark the occasion but join us on barron's roundtable. here's my discussion with him. jack: brian tennant years ago your bank was pretty unpopular. incense then your stock is gone from $3.14 to like 35 or $36 and you have not only bounced back but gain market share from can editors.

had to do that? >> we did that by giving great service to great capabilities across all of our businesses. and really driving to the core business driving responsible growth. we got rid of a lot of stuff that was not that important. be committed that we are driven from the customer ends. we deliver great products and services and we keep investing heavily to do that. whether it's digital or physical plant or whatever. and that is come to for ration for a great platform and greatcoat capabilities and a great company. jack: i when asked about that investment. skeptics say you know what these guys are right for disruption. some start up is gonna command to move them out of the way. and yet you spent $10 billion a year on digital, and again you're growing there. so what's in store for the customer from the digital experience? >> we have gone from probably five or 6 million mobile banking customers to

29 million digital customers and 38, billion and a half more digital transactions a quarter. the idea was just a drawback technology temptation across the whole pack platform. you can spend money and not spend it wisely. we spend money where you can bring great products and services to the customer. but also scale them across a base that few people have. jack: so what else differentiates bank of america from the other competitors? >> if you think about the three core sets of customers its people institutional investors and companies. if you could the people side, whether to general consumers are wealthy consumers it's what we can do for somebody. and if we can do it the way they wanted to be done. jack: investors are still assigning a low to bank of america and your competitors in general what your theory? >> our model is actually come up and tightens up to the highest in the industry, but just the whole industry is come up a bit especially recently. but it's just a lot about sustainability earnings.

whenever they worry about the economy and interest rates stocks for the banks are going to move up and down. $3trillion of consumer payments go through our franchise every year just on the consumer side. too that's a substantial part of the economy. of the economy slower facets can affect us. right now i feel really good on the consumer side. but the reality is you will see that. but our multiples are out because our performance and stress test it appears that those prove our performance will sustain through whatever crisis comes out is next. jack: you talk about your view of the economy tell me low bit more about that. tell me more about that. jack: for 19 over 18 it cost $3 trillion in payments, they grew 5.89% 17 to 18 nager about 8%. it's a slow down a little bit, but the growth rate before that was for 5%. so you are seeing a consumer that is employed, that is getting paid more and spending money. a lot of experiences, the christmas season was strong.

you will have different people having different outcomes. their products and capabilities and delivery system at the end of the day the overall spending was high so we feel good about the consumer side. well still get about the commercial side but when you go from a small business where we were the number one small business lender in the country in the portfolios going nicely. we go to the biggest in the country, all the stuff you talk about all day long on the shows, affects their view of what can happen. while meanwhile the economy keeps playing along as it needs it. jack: let me ask you internally you said you're raising all employees have minimum of $20 and are what's the thinking behind that? spain. >> we feel we have to have the best place for teammates to work we have to have the best talent to win this business. we are building a completely organic growth. we have one choice and that his teeth to continue to drive business into do that you have to the best talent. and that talent has to be the person coming at a high school or college all the way through to the most senior person in the company.

and so the $20 is part of the sharing our success with our teammates. we earn good money and we've brought their wages from 15 to $20 of the last three years. it starts at $40000 with four full benefits, healthcare 4o1k. we think it's the right thing to do for the teammates. now most of our people learn far more than that, but our average compensation is 140 to $150,000. but the teammates there that is our minimum starting late even if it's a high school intern. kennedy: one cloud you said you might see on the horizon is concerned over leveraged loan. he said that salver $1 trillion what you thinking? >> right now i feel it's manageable me feel good about our position. we worry about the impact on the economy if these companies get in trouble and have to downside. right now they are going right or wrong for some particular business model on a given day. 70000 busines70000 bankruptcy

and somebodies successful. if the economy slowed down. jack: before i let you go you've been at the helm for ten years she just turned 60. are you enjoying this are going to keep going for a while? >> i have the best job in the world in terms of a great team that does great work and i get to admire every day. the great group of clients they do their work for. i like what i do, and i like to do as long as the board will have me. jack: brian moynihan thank you very much. ideas on what you can do right now to what you can do to improve your portfolio. but surprising 2020 predictions from this year's round table. the epson ecotank. no more buying cartridges. look at all this ink it comes with. big ink tanks. lots of ink. no more cartridges. incredible amount of ink. the epson ecotank. just fill and chill.

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gerry: this show is named for a wonderful baron's

tradition. every year for decades we've convened barron's annual investment roundtable. as a group they are cautiously optimistic about the year ahead see little chance for recession but a little chance for strong market. rupal bhansali participated in that roundtable and joins us now. but jack i'm in a start with you. no one around that table saw another year of 30% gains but they didn't see recession either. see. >> this is the best roundtable i have attended and i'm not just saying that because she's sitting right here. the view, i would say -- i would describe as less bullish as they have been in the past but how can you not be after 30% spot gains and no earnings growth. we expect returns to be lower going forward. but generally we are pleased with the state of the economy because the economy is going quite well right now. there were some out of consensus views, there were some people who thought maybe

the market wouldn't do as well going forward but that group describes you but what's not to like about the stock market here. >> i think people keep be focusing on the economy and it's about the market the two can be different. i don't think they want to see an economic recession it's too strong for that. but i think we might see a small recession. earnings did not grow but the markets went up because of his multiple going upwards. so i think the baseline for we step out is a pretty bad one. and i think with all the good news that's in but the bad news does not. there's only one way the market goes and that's down. >> you said the earnings of the recession some of the older industries like energy and basic materials led the declines in earnings. does that mean you like tech or you don't like tech? >> we certainly have a bifurcated market for a long time but it's not so much about tech and non- tech.

i think it's a broader issue because the manufacturing sector is slowing down at large. and that's what i mean by the two speed economy that we referred to. the economic indicators are great. but when you cross them, consumer confidence is great but ceo confidence is at record lows. you look at loan growth, consumer credit growth is growing at 4%, and loans to the corporate sector there are 0%. so i think you need to look beneath the surface, beneath the headlines to understand that actually the economy is more vulnerable and fragile than the headlines suggest. jack: why is there so much optimism in one area and not in the other? >> i think economic activity is definitely going worldwide. i think the effect his ward off a tom time ago. i think using the last stages of an economy pack trying to power through but is held back by structural challenges. while the did not do very much

and outcomes, it created a lot of uncertainty. and that's what i made about ceo confidence. and able to investments you need to have longevity to your strategy and plan, and they simply don't have that now. and political uncertainty. >> wonders that manufacturing situation become a problem for the consumer? those are jobs, those are people contribute into the economy and we have not seen that affect the consumer side yet we seems. >> you are spot on what people underestimate as they look at the headlines and they see the details of the manufacturing is up and people think that means the very small portion of the economy we can ignore it. but you cannot. for the last 70 years is the most time-tested and to relationship that manufacturing group and growth have been at the exact same rate. so it seems like something -- one has to do with the other. so in manufacturing slowed down it has slowed down dramatically.

this is what the feds talked about lester in q1 and q2 of 19 was below 50 they immediately decided to accelerate their growth. >> i thought that was the market it you think it's manufacturing? >> the fed has said so themselves if you look at those reports they say that themselves. i'm not suggesting the market didn't have some impact but i'm saying with the real economic slowdown because when stocks fell in the manufacturing it seeps into the private sector and employment. so it's a leading indicator to absolute correct the consumer is not seen the pain yet. they are seen the gains because wage sensation is growing. jack: we need to have you back there is a lot more to talk about here up next round tables give their investment ideas for the coming week. stay right there. at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value

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jack: jack if you ask people what to guess with the best-performing stock in the past 20 years would be they would come up with some tech name, but there's another company that said monster gains. >> a monster beverage app to say very tough way. look, the names on these beverages are getting so frightening that the mobile bart nobody feels like a safe space paid here's some names java monster triple shop, full throttle, burn, and rain total body fuel and that comes to flavors of orange dreams sickle and con candy. [laughter] the growth on this stuff is bananas. the stock has had a little bit of a low, so it's gotten cheaper than it was. one analyst came away from that meeting saying time to buy the stocks in its the

topic of the year. >> talk about fueling athletes have got a huge football weekend coming up. allie got a stock point on that. wings stock is in chicken wings. the stock is a high growth stock, they benefit from a lot of current trends like home delivery services, they have an exclusive agreement with dora. lots of orders coming in on the app. the stock and keep working and you can eat the wings we watch football. thank you al. arik carlton huge run is 25% of the market gains can be attributed to apple what you say? >> the there are 24 times expected earnings so take a little bit off the table where you go? if you still want some of that apple exposure look at the taiwan, apple is whether clients and another broader play would be the eye share. trish: nick course everybody

has big apple exposure in their index fund. to read more check out this week's edition of barron's.com. with got the full round table in there. and don't forget to follow us on twitter. that's all for us, see you [♪] lou: good evening, everybody. tonight we are wrapping up what has been another extraordinary week in america. the trump economy and markets roll on, employers adding 145,000 jobs last month. the unemployment rate remains at a 50-year low. 3.5%. the stock market strong climbing above 29,000 before moving back to session lows. just off its record highs. the dow up 189 points for the week. the president celebrating one of his greatest accomplishments as he campaigns for