charles payne in for stuart this morning. charles: thank you very much. now, stu hopes to be back tomorrow, but we have a lot of big stories for you today. the market feels anxious right here. remember, we had one big losing week and one big week of gains. we're going to hopefully get some clarity from the feds this afternoon but right now, there's feeling of uneasiness and uncertainty. one thing that is certain, nancy pelosi doesn't like the tax cut plan and add that to armageddon, and the list is packing up. she was even heckled while she was saying all of this. we're going to play that tape for you later on. and for the first time in recent memory, this is a real movement for republicans on guns. president trump calling for a ban on those so-called bump stocks, tougher background checks and today at the white house, president trump meets with students and teachers that have been affected by this issue. a lot can happen in three hours, so bulk up and get ready. "varney & company" is about to

eastes eastn time, charles payne is here now with maine "making money." charles: thank you, i am charles payne on "making money" we cover all important stories, starting with market rebound after last week's massiv massive sell-off l this budget not only funds the president's priorities, but puts us on a path to fiscal discipline. gentlemen. this what i'm calling trump-onomics. as much as republicans talk about spending and the debt, they don't have the political will to do it. i think if the president reduces regulations. >> they don't have the votes to cut spending. several republicans are very liberal. the reality is 80% to 90% of the caucus would go along with trimming entitlements. they simply have to increase spending to get anything done. charles: i know we are all fiscal conservatives. we know it's a third rail in politics. i think trump will make the best of this. this is the hand he's been dealt. but some think the white house has veered off course. >> this has been inherited. but we are at $4.4 trillion last year. we were $3.8 trillion last year

charles payne is here with making money. charles: i'm charles payne and you are watching "making money." the dow and s & p rallied. major developments in the florida school massacre. fbi released a statement admitting they failed to release a tip on january 5 from someone close to the suspected shooter. the tip provided information about his gun ownership, erratic behavior and social media posts. the tip also included his potential to conduct a mass shooting. the florida governor is calling for kricht for wray to resign saying the fbi utterly failed the victims of this shooting. i have got to start with you, captain america steve. you said on this show last night while others were dithering around with it. you said the fbi dropped the ball. >> yes, they sure did. the signal came to me when the fbi agent stood up and said they gone the to the end of the trail where the statement was said by the killer he wanted to be a professional school shooter. i thought he's putting a spin on this. to the point of governor scott of florida

all kidding aside, i want to raise this with charles payne who picked apart what's going on here. what are you telling your investors right now, charles? >> i rallied the troops. i had everyone come in early. with tried to get in touch with as many people as possible. >> neil: you knew about the futures. you were preparing them. >> to your point, a lot of people have echoed this is similar to 1987. i have been a broker for a year at that point. i remember in the middle of the session and leaving the session and going to the nearest bar. we went on a decade long run after that. it was tough to go through it. this is what you have to do. you have to explain to folks, the late comers, there's a lot of people that missed a lot of this rally, just got in, feel like they're snake bit and they lost again and they were sellers. you had a lot:0 programs selling. you joked about the times lapse thing. at one point it was real time. >> neil: i'm telling you. that's another little foot note here. you know, we have these circuit breakers where they curb trading or stop trading. they're based on

charles payne is standing by. of the things people may or may not know about you, you know when and how many stocks are trading right now. is the smart money buying that the very moment? >> making a list of stocks that are up, very, very few. they're licking their chops and a whole list because we're halfway through earnings season of names you want to buy. you know if the dow went to broad market it makes it easier to buy. what i would like to say is when this is over with, we probably close near at the low of the day. the dow off 2.3%. that's going to put us in maybe the top five losing sessions of all-time, but keep in mind, folks at home should pay attention to the percentage losses, right? 634% in august of 2011 was almost a 6% loss, not a 2% loss. liz: right. >> so that we kind of calm the atmosphere a little bit. >> i think that's extraordinarily important. alan knuckman on the floor of the cme, are you seeing interesting trading flows? >> eerily quiet day, it's an orderly decline, and looks like a healthy

charles payne is here with "making money." charles: good evening. i'm charles payne. stocks, the market doing well for fifth straight session. belying the notion that inflation is too high. as was pointed out, we are looking at the footage of a memorial for the victims of the school shooting. nikolas cruz making his first court appearance on 17 counts of premeditated murder. police say he was dropped off by an uber car and entered his former high school with a rifle and a soft case. president trump: today we missouri for all o -- wemourn ft their lives. we comfort the grieving and the wound. and we hurt for the entire communities of parkland, florida that is in shock and pain and searching for answers. to law enforcement, first responders and teachers who respond so bravely in the face of danger, we thank you for your courage. charles: the president is planning to visit the place of the shooting and will work to coordinate with law enforcement. ned, another tragedy. we talked about this last night and all day today. but where do you see this going from here. can this

charles payne is here now with "making money." charles: good evening, i'm charles payne. stocks shaking off early morning losses and ending the day in the green. i'll tell you what's working and what you may want to be invested in. president trump taking on the establishment republicans on trade. president trump doubling down on possibly imposing tariffs and reciprocal tax despite opposition from his fellow republicans. president trump: i think we should have a reciprocal tax it's called fair trade, it's called free trade. they will end up not charging a tax and we won't have a tax. that becomes free trade. charles: so what is more important going into the election? profits for the elite or the economy. i was shocked. first of all, i love when president trump has these open meetings so the world can watch. he's not hostile. but he has the most of opposition from his own political party. he more or less put it out there. cheaper imported steel from china or steel from america. which do you want. tam rrp america first, but not america alone. we and have jobs. especially wit

charles payne, comment?ime we bounce through the rally or short into the rally, trend lines to the downside. it is all technical analysis. technicals help you understand the emotions of investors but again long-term investors, folks watching the show's 401(k)s, it would be a major mistake to bail on this market considering the economic winds we have at our back. stuart: the man says if we break through a certain trend line, baseline, we will go down. charles: cell into that, he thinks the next leg down -- charles: teen $14,000 by the end of april. that is harry dent, charles payne, thanks for the comment. and economist -- you tell me, what dark cloud is on the economic horizon that could in any way account for what we are seeing now? >> two risk factors, interest rates rise too i and think interested in spending on housing, the other problem is companies overestimate their pricing power. they increase product prices and low and behold consumers can't afford i prices, otherwise the outlook is pretty good. cha

we come to work, right, charles payne? charles: right we're open and the other people, whoever they are, aren't. >> love you. charles: good morning. love you too. i'm charles payne. stuart's going to be back tomorrow. but we have a ton of stories for you. president trump says there's no collusion. yet 13 russians indicted for medaling in our elections and no results. the head of the fbi should resign after the agency didn't follow up on a tip about the florida school shooting suspect. and to your money. president trump considering a tax on consumption also a higher gas tax and internet sales tax. what would that do with all the good news we've had recently? and talking about that thrilling daytona 500 in the future of nascar. also no three-day weekends here. fbn, we're live. charles payne and crew we're all here. "varney & company," we're about to begin. ♪ ♪ >> while cnbc is on tape, we're open for business. charles: you can see we've been working on days cnbc hasn't for a long time because you're using one of those tube tv

let's go to charles payne on his take on all of this. you know, this interrupted a six-session winning streak. what do you make of it? >> this sell-off began friday at 12:35. that's when the scuttlebutt about the mueller indictment was going around. as it turned out, it didn't implicate the white house so we had some equilibrium. we had an amazing week last week. a very frightening the week the week before that. and a couple things came through. you mentioned walmart. that is a company specific issue. they had a lot of trouble with online sales. that's the only way they can compete with sampson, a hiccup there. by the same token there, the same day store sales were fine. and applebee's stock was up. 2018 is going to be phenomenal and the tax cuts will play a major role in it. so as we see surveys show that people are feeling better about the tax cuts, we're hearing corporate america say yeah, they'll have a positive impact on the economy. >> neil: what is uncanny, charles and we're moving on the mueller thing, the markets tend to follow

let's ask charles payne and brian. brian, let's start with you. is this overdone or to be expected? >> this start great news. wall street is throwing a tantrum here. they don't like the fact that interest rates are going to go up a little bit faster than they thought. but look, this is a good news story for main street. wall street will catch up. they're going to get this out of their system. the market will go back up because we're talking about potentially more than 5% economic growth in the first quarter. that is a good news story for main street and wall street. wall street will catch up with that. >> neil: charles payne, what rattled some investors, technology which reported good earnings. they didn't seal as nearly iphones as some thought but they sold a lot. the stock is close to correction territory. are you worried about this development? >> i have apple in my retirement account and i'm not worried. i've seen this before. this is not just an overnight thing with the earnings. all year long, the iphone x, they weren't selling as many as they thought, et cetera. we heard this

but charles payne who has a show on fox business network "making money, charles payne." so he has an obligation that goes beyond mine to read a prompter. he has to make you money. if he doesn't, we say good-bye. but he's good. you have to make a sense on where this momentum is going. what do you think? >> you rate me day to day, which makes me even tougher. so far so good, neil. these numbers, we started yesterday. we saw facebook and microsoft. initially both stocks were down. both had a good session today and we have a slew of numbers out moments ago. here's the thing. technology is changing the world. these are american companies. the only thing going against them, if you want to argue anything, they can be victims of their own success. the stocks are through the roof. maybe they give back. the numbers i'm seeing on amazon, $60 billion. up 38%. imagine growing a company 38% in the $60 billion range. that stock 50 points. up higher in the after market. apple is mixed. they brew them away. revenues were up nicely year over year. some quibbling over the guidance. apple w

we will watch the motorcade go out of the stable, thanks, charles payne. ticking as the president marks his deadline on a bipartisan deal for daca fix for dreamers. those undocumented workers, temporary protections for up to a year. leaving them in limbo, actually. where would that leave negotiations about border security? stay close. >> hi, everyone, i'm dana perino. we are awaiting president trump's speech on tax reform. plus, while some democrats are waiting for the midterm election, are both sides looking for a green win? at the house intelligence committee could decide today whether to release a democratic response to the republican memo that alleges fbi bias against president trump. all that and more on "the daily briefing." >> harris: early on "overtime," hogan gidley slammed a bipartisan bill from senators john mccain and chris kuhn. let's bring in our power panel, jessica tarlov, senior director of research for bustle.com and fox news contributor. are they not hearing the president on this wall? you have strong thoughts about this. >> i think this

i want to bring in charles payne into all of this. talking about this early, charles, i think you're on this page. when you see a sell-off like, this a lot of smart investors look for buying opportunities in moments like this? >> you are absolutely right. over the last 20 or so years, my own subscribers, they get better and better when these things happen calling and saying what do we buy rather than sell everything and head for the hills. no doubt about that. and this sell-off is intriguing today because there were pockets in enormous strength and optimism we saw the semiconductors going extraordinarily well, lam research, micron, you talked about home depot. it is a proxy for the u.s. economy but another one of these companies that's doing extraordinarily well. one of the keys and the reason it's done so well, pricing power. average ticket went up 5% year-over-year, prices went up and volume went up. they didn't lose customers, amazing one-two punch when any company can do that. the disappointment is walmart, i don't know if that's i

is here with making money. >> colonel: thank you very much e-mac good evening i'm charles payne and we've got breaking tonight on making money president trump slamming the fbi the russian probe and former president obama on twitter over the bombshell news that special counsel robert mueller indicted 13 russian nationals for interfering with a u.s. election president trump suggesting his vindication in that mueller probe following the russian indictments tweeting, i never said russia did not medal in the election i said it may be russia or china or another country or a group or it may be a 400-pound genius sitting in bed playing with his computer. the russian hoax was that the trump campaign colluded with russiand it never did. and while critics are slamming the president for not condemning the russian meddling president trump is also firing back and he's blaming former president obama tweeted that as well saying obama was president up to and beyond the 2016 election so why didn't he do something about russian meddling? also, all of these pose serious questions of course. do thes

ainsley: charles payne, the host of ""making money with charles payne"" on the fox business network ishat? i don't need this jobç becausei have great skills and there are other jobs out there. all of this dovetails with the fact that not only people are happier now, they will be a lot happier as the year goes on. wages are finally starting to move after a long period of being in the doldrums. brian: organically because there seems to be less unemployment and because people need to compete for those employers. >> unemployment at 45-year low. like i said, there is record amount of job openings. these are good, quality jobs. these johns pay big-time money. people are starting to be mobile again. we have come out of survival mode. we're back into growth mode in this country. with higher wages and better jobs. ainsley: is this because of tax reform? >> tax reform plays a role. american business and even americans had gone into foxhole into survival mode. first one to react are small business. large businesses are now particularly able to have lower taxes. you see it. if your taxes go from

charles payne very calm investor in fact everyone else freaks out charles: i'm old.ughter] neil: all right, thank you very very much my friend. we're down to about 572 points. there can be other outside events that could at least whip saw the markets at the time. we can all remember at least i certainly can remember when the dow fell 777 points after the first tarp vote well in the house. they scrambled to try to retry that, ironically to avoid the market and it did pass but ultimately the dow would fall another 6,000 points, so the next catalyst seems to be this vote on a two year budget deal which seems to dam buyers or sellers alike. the market will fall if it doesn't happen and if it does. to have a balanced budget one way or the other our federal budget not so much so governor year ringing our hands as to something that will add to spending or not and the market might punish them regardless if they approve it or not. what do you think of that? >> yeah, i'm concerned about it. i think increasingly we've got to be realistic with respect to the amount of debt this

fox business host charles payne. charles, go back to your childhood. the last base we lived on virginia. two story house. i never thought about money. ride your bike. go come home and made a peanut butter and jelly. came home and my mom said we're leaving. got on a bus and went to harlem in the 1970s with zero money. all four of us lived in a room. you got to go to dikeman street and pick up food stamps and welfare. my mother was one of those people who insisted on working. have you got to remember her father end a farm in alabama. at a time when it was really hard for blacks to own anything. and even though they didn't have indoor plumbing, they always cared for themselves. they always grew their own food and self-sufficient. she had a certain amount of pride. and president trump is right there. it was amazing how you could live in the same building and the people who worked their kids you look out the window had on the same clothes as the people who didn't work. ultimately what's the incentive going to be? hey, should i slog, get on that train early

charles payne is here with "making money." charles: we have fast-moving developments from last-minute market sell-offs. the white house announcing white house communications director hope hicks will resign sometime in the coming weeks. >> the announcement was sudden but the move for hope hicks will not be. the white house saying hicks will stay on the job for the next few weeks. she was as close to anyone in this white house and out of this white house to president trump. she was with him since june 15, 2015, the day the president announced he would be running for president. the president said hope is outstanding and has done great work for the last three years. she is as smart and thoughtful as they come, a truly great person. the announcement comes a day after she gave lengthy testimony before the house intelligence committee. according to reports during that testimony hicks says on occasion she needs to tell white lies for the president. sarah sanders said this announcement had nothing to do with her test moan quli from yest

charles payne is here with "making money." charles: a jam:packed hour covering several stories from wall street to washington and president trump's trip to west virginia. amazon surging after hours. apple shares also up after hours after initially moving lower on lower than expected forecast for the current quarter. the atlanta fed has come out with a huge first quarter gdp estimate. i can't wait to tell you about it. fox news reporting the fisa memo alleging abuses is expected to be released tomorrow. we begin with president trump's peach in west virginia where he rallied the republican party touting their accomplishments and talking about how unified the party is. president trump: paul ryan called me the other day, i don't node if i'm supposed to say this, but he said to me he has never ever seen the republican party so united, so much in like with each other. it's the most of united he has ever seen the party. i have so many friends in this group and there is a great coming together. charles: it seems like president trump an

charles payne is here with making money. charles rs -- charles: we have several stories we are watching. the dow and s & p both finished higher as investors try to shrug off the rising interest rates. but first we want to begin with president trump's push to promote school safety. president trump pushed for armed certain highly trained teachers in schools across the country to deter what he calls sickos. take a listen. president trump: if we don't have offensive measures within these schools, you are just kidding yourselves. i hear so many of these wonderful plans where you are going to live in this utopian school without any protection or guns or bullets flying at the perpetrator, the animal that wants to destroy the lives of families and children. unless you are going to have offensive capability, you are wasting your time. charles: is the president correct? are we wasting our time by not arming teachers in our schools? of course, we should remind the audience who may not be familiar with your story, you are also a columbin

charles payne is here with "making money." charles: president trump signing into law a major economic deal. we begin with a wild week on wall street. the dow swinging more than 500 points top to bottom. we have seen this for six trading sessions in a row. and this is the first time it has occurred since october 2008. joining me to break it down. lindsey bell. and ross gerber. lindsey, your overall feel for how this market traded this week, and how it traded today, and how investors should be prepared for the next week or so. >> it's been a wild week. but it felt good to end in the green on today. we saw a lot of selling all week. the sellers were outpacing the buyers. but at the end of today jpmorgan asset memo released a memo on the short volatility trades that have been blamed for some of the wild swings. they are saying the selling related to that to cover their margins was over. but this is a time for investors to be disciplined. this is an opportunity. charles: paul, what we also saw was major money, $24 billion coming out

charles payne is here with you for "making money." charles: we have a jam-packed hour for you. we started with his wild trading session upon wall street. after a volatile session. we had a range of 1,167 points. the largest was yesterday's session. of course, the outcome this time slightly different. though it felt like the market could have gone in any direction when i made this prediction on varney. charles: it seems like a coiled spring. the anxiety is there and you can people the last hour of trading will be absolutely mind boggling. charles: there is one more segment i didn't show you write said the dow would close at 24,800. i had a chance to bring in the best and brightest. some of my oldest friends are here. oliver, you got a raise since i saw you last. vince rinehart a former federal reserve employee. chris, i think you were pretty optimistic the last week. i saw some of your tweets and i know how you operate. but people were scared. >> i think we saw a massive reset of expectations. after sthaght strong january employment report. good number of jobs. wages looking to

charles: i'm charles payne. we have a jam packed hour. we are covering so many stories, starting with economic optimism shining from sea to shining sea despite market volatility. consumer confidence soaring to a 17-year high. federal reserve chairman jerome powell giving a stamp of approval on our american renaissance telling sceptical democratic lawmakers that this surge is here to stay. >> it feels to me the next couple years should be quite strong. you will see businesses expecting and i would expect the next two years to be on the current path to be good years for the economy. charles: fire? tammy, i have been watching these things for 20 years. some of the classic dust-ups between maxine walters and allen greenspan. but they beat him up today and would not accept the fact that this economy is on fire. tammy: you have them on display to edit into a commercial for people back home. that does no one any good service because people at home are already benefiting from donald trump's tax cuts and tax reform. but they are still stuck within

charles payne is here now with making money *. charles: we are continuing our coverage of a major market sell-off on wall street. the dow jones plunging almost 700 points. leaving the index volatility to skyrocket 30%. this selling occurring despite a january robust jobs report. i will tell you why you should not be worried. i'll break it all down. but we begin with the release of the subsequent fallout over the bombshell nunes memo that's ledged surveillance abuse. reporter: this memo produced by the house intelligence committee draws a straight line from the dossier produced by christopher steele paid for by the democratic national committee and the hillary clinton campaign to the fisa warrant to surveil carter page who was a member of the trump campaign team. it says without that dossier, it quotes andrew mccabe who 70sified no surveillance warrant would have been sought without the steele dossier information. the report says steele had it out for donald trump. he was desperate that donald trump not get elected and passionate ab

i'll send it over to charles payne. he'll pick it up from here. charles: we begin with that tragic news out of southern florida you are looking at live pictures of a police car carrying a suspect in the deadliest shooting in the history much broward county. officials are saying there are multiple fatalities. deirdre: the alleged short is being transported. he was arrested without incident from what we understand. according to the a.p. and "miami herald," he was a troubled youth. he was 19 years old. he actually attended that school. he had been asked to leave in the past. he made threats against students and teachers to the point where he was not allowed on that campus with a backpack. he was known as somebody who had mental health issues with aggression. some former student who were interviewed said he was known to be obsessed with guns. one student said he always kept his distance from him. he is in custody. but the scene is have much alive. and that's part of what we are seeing now on our screens. the police are there, the fbi is there. all on t

we have the host of making money, charles payne here with us. les, you talked a lot about growing up in poverty and you know what you speak. so from your point of view, how would something like this back in your day as a child have changed things? >> you know, paying people not to work or paying people money so they feel good about them says is tough. what you're really doing is keeping them in a position where they don't have to do more. they have to do less to get ahead. you can get people to a position where they don't have to do anything to survive. that's sort of rut co be a lifetime rut. it's very dangerous. i recall f.d.r. had four freedoms. the desire, the want for things is what motivates and generates to us do things and actually unlock skills and gifts that we. have it's been tried in finland. it's been a disaster. anywhere that you have these programs where you tell people don't do anything, we'll do it for you always backfires. >> neil: the argument, madison, against that is saying don't do anything. this isn't sort of hand-out as mu

stuart: see what you do for you, charles payne, sittings in for neil? >> is this the calm after or before the next storm? charles: i'm charles payne in for new cavuto this is "cavuto: coast to coast." the president is saying it is now or never from a "dreamer" deal. connell mcshane is at the capitol. reporter: members the senate have a chance to go back down to the storm to propose amendments. items like daca and border security that we heard so much about. the president did have a tweet on the subject earlier today when he wrote that negotiations on daca have begun. republicans want to make a deal. democrats say they want to make a deal. wouldn't it be great if we could finally after so many years solve the daca puzzle? this will be our last chance. there will never be another opportunity. march 5th, talking about the deadline he has put in place. one interesting note on this subject, the budget director mick mulvaney over from the white house to testify on capitol hill today to testify about the president's budget and he said the white house is anticip

i'm charles payne. it was a wild dine wall street with the dow swinging more than 400 points. sinking from session highs as the evening-year yield soared. but a strong economy. the data you can't ignore. some of the best and brightest in a few. but we want to begin with this breaking news out of washington. president trump wrapping up a listening session with parents, teachers and students. president trump asserting that changes will be made to our nation's gun laws including stronger background checks. president trump: there are many ideas people have and we'll pick out the strongest ideas people have and we'll get them done. it won't be talk like the has been in the past. it's been going on to go long, too many instances, and we are going to get it done. charles: one father whose daughter was murder at the massacre gave a moving speech demanding that president trump fix school safety first, then focus on gun laws. >> there should have been one school shooting and we should have fixed it. and i'm pissed. it's my daughter i'm not going to see again. she is not here. she is not

maybe it is charles payne came on today. >> as soon as the official budget was released we had a spark. we were up 380. we gave 100 points back. as soon as that budget was released and people looked at it again, we started to rally. >> the budget is not binding with the president. it is a blueprint of his policy making and what he like to see in place and gives investors certainty. they like certainty, rather than not. i'm going to cut in with breaking news. the new york police department has found a letter containing unknown substance in an apartment building that belongs to donald trump jr.'s wife vanessa. she opened the letter and was taken to the hospital for precaution. this happened 10:00 this morning. another network is reporting the letter with unknown substance that was sent to that manhattan apartment to the daughter-in-law of donald trump our president, aeraa letter containing a substance. we'll bring you anything right away. the news room is working the story. meanwhile white house says president trump has full confidence in john kelly. despite the firestorm on the abuse al

charles: i'm charles payne, you are watching making money. stocks rally big time. analysting the major indices, all the major. school pushes for safety at his address at cpac, the president doubling down on arming highly trained typers after learning the sheriff at the school in florida did not enter the school upon hearing the shooting. president trump: the beauty is, it's concealed. nobody would see it unless they needed it. so this crazy man wouldn't even know how it is that has it. that's good. and the teacher would have shot the hell out of him before they knew what happened. charles: president trump says there is nothing more important than protecting our children. charlie hurt and bob cusak. charlie, you were there. it looks like an amazing event. but president obama what i thought wasn'ting. he's going to anger some on the right and the left with arming school teachers. charlie: it was a wonderful speech it was so great to be back in that kind of atmosphere. i missed the big rallies and hearing the enthusiasm of the forgotten men and women who are appreciat

he has to get ready for making money with charles payne. again that is when you start to get a lot of the postgame analysis of what's going on but right now i need some analysis on at least why this is not what we saw back in 2008. nolan, you did a huge amount of research on the 2008 meltdown what differences and similarities you have. i think with bit coin. monetary -- monetary policy is really in play. there is not some other force that can print dollars. when we saw the inflation numbers start we talked about last week. it might get a pump. we are not seeing that this time. inflation is a concern i suppose with the extreme spasm you could call it. we are trying to come back. the tenure picture did not seem as bad as it feels. with your studies that you did for the canadian parliament what differences do you see with what we saw back during tarp. on the day it did did not pass. the manipulation and the use of the policy levers where really got a lot of its traction. people started to see the intellectual case. in this case we are not seen

host of fox business network's wonderful show, "making money" charles payne.ood to see you. >> you too. >> you think interest rates are moving higher? looks like the signs are in that direction. >> without a doubt. what is interesting, all of these gyrations, wall street has been talking to the feds. you have a new fed chairman. he's not an unknown. he has a track record. he comes from carlisle. he's an unknown to wall street and may be more hawkish than we thought. if you look what is happening in the last two days, these officials have come out and tried to provide some sort of guidance. today we had two members that voted. he said we'll get at least three rate hikes. we should have them because the economy is coming out of survivor mode. we did things that we never had to do as a federal reserve. so of course we want to take some of this risk off the balance sheet and move rates to where they normally are. they don't stay at zero. it's rare they have always been at zero. >> isn't it bizarre that you can borrow for 30 years? it's like charles, i need to borr

we come to work, right, charles payne? stuart's going to be back tomorrow. but we have a ton of stories for you. president trump says there's no collusion. yet 13 russians indicted for medaling in our elections and no results. the head of the fbi should resign after the agency didn't follow up on a tip about the florida school shooting suspect. and to your money. president trump considering a tax on consumption also a higher gas tax and internet sales tax. what would that do with all

they got so much money back, charles payne, now they have to do more than share it with sh e shareholdeholders, they're sharing with workers and beefing up 401(k)s. you think the democrats would have to like that. >> not only that, but paid sick leave, educational circumstances, maternity live. they've done almost everything with the tax cuts that progressives have been arguing for for years. it's amazing. i've been astonished by things beyond the bonuses. >> neil: so jessica that makes you a fan of the tax cuts, right? >> you're funny, neil. no, listen, i actually thank god it's all on tape so you know it's true. i have never poo-pooed the tax cut. an extra dollar in any american's pocket is worth while. i want to make sure that corporations are paying it forward. if you got a cut, you deserve it. >> neil: so richard if they continue doing it, you'd be surprised, right? >> if company keep paying bonuses year after year and give increases in wages, yes, actually i would be surprised. >> neil: then it's time for a group hug. >> let's do it. >> neil: common ground. i didn't mean it. more

charles payne is here, kimberly foss. is this real or is yesterday real? >> i think they're both real, neil. the bottom line is, we have a new normal in that there's high frequentsy trading. the algorithms don't have a heart and soul like a human. these are programs that do exactly what they're programmed to do. when the markets go down, they need to rebound. they will go in and sell. so the fact of the matter is, it went so far down so fast and coming back today doesn't surprise me. this is what the new normal is. investors just have to get used to that. we're long-term. this is a bull market pull back, if you will. i think we've got a long way to go in the future. so i'm not concerned. i was buying yesterday and i was telling my clients to buy yesterday as well. >> neil: what about you, charles? is this the rally we needed? >> let's put it this way. a lot of people picked a wrong week to put on their mood rings. i agree with kimberly. honestly, both of them are real. yeah, there was a lot of trading, high frequency trading. machines don't have a heart an

charles: i'm charles payne, stock market volatility surging as the dow falls below 25,000. it's the dow's worst point drop. there are indicators out there telling me this economy is on fire. wages republic, manufacturing jobs are on the rise. best buy and an them the latest companies handing out the bonuses to workers. we are going to get to all of that shortly. but we have to begin with this massive plunge on wall street. i'll start with you, peter. you kind of saw this coming. you are a global market observer. you saw this coming in part because of the sharp move in interest rates. everyone had been talking by the. 2.5, 3% isn't a big deal. but i guess it's the rate they were moving. >> from the very low level they started to rise. we hadn't observed a lot of interest rate volatility. so two-year treasuries rates had not increased too much until september or october of last year, and they went up 1%. frofrom 165. charles: what does it mean for the bus driver or police officer with a 401k? no one has seen this drop on the dow industrial average. >> the day on the market to

jeff flock, ira epstein, and charles payne is with us too.ive me a sense of oil first. all the enat that -- integrated oils were moving down. >> below 59 during the session. we got as low as 58.07, liz. i think mainly as a result of production issues. got news from baker hughes today. al and i think number of 26 rigs online in the u.s. that is great. we have total of 791 rigs working, it was the largest increase in april of 2015. that is great news for our production. it is great we have more people getting more oil out there but that has an impact on price. what can i tell you. liz: exactly. that is why i challenge it. because you have start to see too much supply. you start to see some of these guys go under. although they're clinging to it, aren't they, ira? broaden this to the entire market at the moment. what kind of behavior do you expect to see on monday? >> more volatility. liz, you left the bull market straight up pattern at the end of january and now you're in volatility. markets don't go from bull market to bear market. they go fro

griff: but the numbers show their message isn't working and charles payne is in the house and he has s, good morning, sir. ♪ don't bring me down the more you know the the commute is worth it.me, for all the work you pour into this place, you sure get a lot more out of it. you and that john deere tractor... so versatile, you can keep dreaming up projects all the way home. it's a longer drive. but just like a john deere, it's worth it. nothing runs like a deere. now you can own a 1e sub-compact tractor for just $99 a month. learn more at your john deere dealer. moderate to severe rheumatoid arthritis was intense. my mom's pain from i wondered if she could do the stuff she does for us which is kinda, a lot. and if that pain could mean something worse. joint pain could mean joint damage. enbrel helps relieve joint pain, and helps stop further damage enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma other cancers, nervous system and blood disorders and allergic reactions have occurred. tell your doctor if you've

charles payne is with us. all right. charles, obvious question.s is a dip. >> i will be an aggressive buyer at some point this week stuart: why? charles: because the overall thing that moves the market are the sellings and earnings. and the thing that was overshadowed last week particularly on friday is we're perhaps one of the best he didn't seasons i've seen in my life. 50% of the s&p 500 companies have reported. 80% beat on sales. 75% beat on earnings. and we're seeing much better guidance. go to 5% gdp growth. they are in remarkable economic recovery and they haven't seen in a long time. and i think the fed will take care not to snuff it out. yeah, they want to be ahead of the curve. but they understand what's at stake here because a lot of americans have given up on hope of true growth ever happening again. we're in the midst of it. i think. stuart: you have to say after a 40% run-up of the dow. no market goes straight up. ashley: like the department has these things called prescribed burns. they blow out the cobwebs and then the forest comes

stuart: see what you do for you, charles payne, sittings in for neil? uto this is "cavuto: coast to coast." the president is saying it is now or never from a "dreamer" deal. connell mcshane is at the capitol. reporter: members the senate have a chance to go back down to the storm to propose amendments. items like daca and border security that we heard so much about. the president did have

then stuart if you say the backdrop is positive, where do you allocate quick we want to get to charles payne the phone: i don't deal with individual stocks we continue to like that technology, area. maria: all right. on the phone: maybe concerned utilities intrasensitive stocks would stay away from short duration on bond portfolio self years interest rates go up. maria: depp. on the phone: maul and midsmall and mid caps stronger economy, so small cap etfs. >> 23% earnings growth pretty good thank you for weighing in stuart hoffman joined charlespaper host of "making money" charles payne futures a complete -- we were up 160 before cpi number reversed couriers down 300. >> coming into this any number above consensus going to trigger this reaction having said that i got to tell you going through numbers i like what stuart was saying and we have to juxtapose idea we haven't had any real quote/unquote kwaij inflation for a long time look at year over gain for instance in wages 2.9% pathetic last you know just go over last several years, and forget about put up multidecade chart most people watchi

with us is charles payne the host of the fox business network.st and foremost this is a government worker union. federal, county, state and 22 states. and essentially what they are doing is making people who work for the state pay them union dues, de facto union dues called an agency fee. i'm not in a union. i don't want to be in a union. i work for the government. leave me alone and still you are taking money out of my pocket. by the way, you you are often applying it to things that i don't believe in. i don't want to back this candidate. i don't want this back this measure. so don't take the money from me that i have opted out. i don't want to be part of the organization. brian: make it my choice. >> make it my choice. steve: the democrats have a lot on the line because those union dues represent big contributions. >> new york city alone $9 million. let me tell you something really interesting about this. last election cycle this one particular union, of course there is a loft them. one particular union at the center of this supreme court case

charles payne is here with the numbers.uch a thrill ♪ but your love don't pay my bills ♪ i need money ♪ that's what i want ♪ and the ones we love. who never stop wondering what we'll do or where we'll go next. we the people who are better together than we are alone... are unstoppable. welcome to the entirely new expedition. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. ainsley: making it quite clear how they feel about tax reform and the bonuses that followed. >> the debate on healthcare is like death. this is armageddon. >> in terms of the bonus that corporate america received versus the crumbs that they are giving to workers to kind of put the schmooze on is so pathetic. steve: put the schmooze

charles payne, charles, you don't know how far rates are back up. you know they have to be refinanced here and when you refinance at higher levels and you and i are going to pay the taxes. >> the reality washington d.c. has to curbing spending. you try to have an opportunity. and you know what? we've got 10 trillion onto our national debt under president obama and a whole lot on the republicans as well. ronald reagan said his greatest regret. so it's going to be interesting to see if they use the extra money in a way to coordinate the economy such where we could actually maybe fill the covers of the treasury department, you know, lower tax and velocity and the money. and yeah, we're nervous and obviously, at some point it's not unrealistic to be a trillion dollars a year just like the interest, but i'm hoping that perha perhaps-- there will be a variety of reasons, and find a way to make it better. >> we're not going to try to make it better with-- >> yeah, yeah, i mean, exactly w why, i worked with a number of democrats and we were 20 trillion in t

i'm charles payne in for neil cavuto charles: president trump meeting with state and local officials to talk about school safety. this after emotional day of students expressing frustration with gun laws. a big question whether republicans will be on board with restricted gun laws. to cpac chairman matt schlapp on the big issue that is facing the gop at this very moment. matt, a big issue at cpac today. give us your thoughts on what we saw last night. with president trump and students and parents and teachers that was unprecedented. we never seen anything like this, 19 years after columbine. the world watching outside of the white house. all of these people, all of these victims expressed themselves. >> it was a rivetting thing to watch to be a part of, those of us on the outside looking in. must be terrible to be in one of these families you lose a loved one. the president did right thing, he deserves a lot of credit for the tone and the approach. i think the vice president spoke to us at cpac mere moments ago, he had the same approach as well, which is, as americans we got to work

we are charles payne, moody chief economist john lonski. gentlemen, welcome to both of you.oes the world change for him now that he is in recognition with technology might have to hike more than a two times come even three times marketing forecast? >> the economy so much better shape today compared to in janet yellen took over. oddly enough the latest upturn by treasury bond yields may be doing the work of future rate hikes. look at housing sector share prices. the overall market down by 4%. housing sector share prices down by 7.5. neil: short-term rates. a longer-term rates it doesn't. >> more because that's planned reductions in holding of treasury bonds and if we had too steep of a child by the 10 year treasury yield, the fed might decide to downsize its planned reduction of treasury. >> i would think the 3.5, the rate hikes built-in. you consider the atlanta fed had done a 5.4% in the first quarter gdp in the fourth quarter, which even know it wasn't 3% come all the domestics in fourth quarter gdp was absolutely phenomenal. could be revised up, the trade is what held us

thanks for charles payne ably filling in my absence yesterday. we didn't learn more about the infrastructure plan the president was bouncing around with republican and democratic senators and representatives. 12 were in the room, seven republicans, five democrats here. but democrats are still wanting to know how this will all work. i know stuart got into it in his show but the idea is to encourage local towns, municipality, states, private enterprises to get into this they would get up front money from uncle sam, $200 billion up front. that would be used as leverage for 1 1/2 trillion dollars worth of infrastructure spending. but how that works is anyone's guess, why some democrats balked saying you are really shifting this to state and local taxpayers, not distinguishing between shifting burden to federal taxpayers. leaving that out. there is no trigger mechanism that i know of in this that explains how the whole things works. if you commit, you get federal money up front so other private entities can match that. state and hoe -- local governmen

charles payne, take it away. charles: thank you very much. have a great weekend.luding three big ones recovering this morning. stocks that continued to bounce back after the selloff earlier this week. and what if you look at what's happening now in the economy itself? not only the job growth but the sentiment and how people are spending their money. we're talking about soft data becoming hard data. there's a lot of real optimism out there, and it was reflecting in our stock market as well. now, we may hear something -- well, we may hear some of that, by the way, from president trump today because about an hour from now, he's expected to take the podium,