then wall street er, dan clifton will tell us the trump stocks and art laffer and i will i i can be . >> in the show illegal higmigrant getting on airplanes and everything el without an i.d., we talk with steve hilton. a few thoughts first. the reality is president donald trump had a huge victory last night in new hampshire in a vote stacked by democrats and liberal independents, mr. trump garnered 54%, and defeated secondsecond place haley by 11 percentage points and he won highest number of votes anyone has won in a new hampshire pry player. republican or democrat. and he scent the iowa caucus -- swept iowa caucus. and very rare anyone taking both iowa and new hampshire in presidential race. now trump knows he must unify the g.o.p. in fact, he has pulled in candidates like vivek ramaswamy, and senator tim scott, governor ron desantis and doug burgum, they barnstormed with him in new hampshire, but nikki haley is till in the race, despite her big time losses, okay. fine. that is her choice. she will get clobbered in south carolina. her home state, i respect her decision to keep runni

taxes is the one that worries me the most, dan clifton. >> absolutely.if the house goes democrat or the senate stays democrat, they're just going to obstruct any, you know, good tax cuts or tax reform or extending the trump tax cuts? >> absolutely. look we have a couple of catalysts next year that the president's going to walk into. one the debt ceiling has to be raised in the middle of the year. you have all of the trump tax cuts on individuals expiring. if you have complete government control by republicans it is very likely many of those tax cuts will get extended, particularly the estate tax, top marginal tax rate and some others. if the democrats win what they will try to do is raise taxes on corporations to fund middle class tax cuts and they will try to take away the top income tax rate and use that to finance the tax cuts. so who is in congress matters. i think that's what really interesting to art's point, the market is already figuring out the republicans will probably have control of the senate with joe manchin's set coming up, you will have a

so idea here is dan clifton welcome back. you have some great stocks. >> great to be here.t 6s sectors and art will i can be abo kibbitz about them, leung at trulooking at trump basket of stocks immigration and fossil fuel and energy. improved under trump, stronger defense spending and financials, i think you are saying less regulation, walk through briefly what some of these are. >> first thank you very having me back, an exciting election, president is making it clear he will get u.s. border under control. you know, he could do that by executive order on first day. there will be companies that will have a change in the tr trajectory of their earnings with greater border enforcement. that is equipment that border patrol agents are equipped work motorola and prisons. making sure people are not going to interior. from immigration enforcement it is immediate, second on energy. less about production, we're producing a lot of oil right now, trump will drill, but we need to figure out how we'll distribute that, pipelines will be a key part and all of the above approach, more coa

dan clifton. >>> that is it fork the exchange. are going to talk about gas prices snapping a six- day win streak but are still on iertial iide. anntnaonnvestor tells us what is next for the sector and the names two by now. tyler is getting ready, i will see you on the other side of this break. ♪ (captivating music) ♪ (♪♪) the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) >>> good afternoon, everybody. welcome to power lunch. big interview in the last hour, the ceo of boeing. we will talk to a shareholder and brand expert about what dave calhoun said and what he needs to do now o reassure customers and investors. >>> natural gas has been jumping , up 10% to start the year as the united states becomes the biggest exporter of liquefied natural gas.

for more on what is at stake, let's bring in dan clifton, head of policy research.ve you with us. so, do you think he wins, do you think the gop nominee is in? have the fmarkets factored that in? >> if dm dm wins tonight, it's likely the republican primary is over. eventually, the donors will run out for nic can i haley and trump will win. that means 279 days of trump versus biden. probably the longest presidential election in our lifetimes, and his markets have factored this in. the most election-levered st stocks, and you can see f correlations. i'll give you one example. the tesla stock, relative to the s&p 500, looks almost identical to biden's odds of winning, and that makes sense, because this election is a referendum on electric vehicle, and if trump wins, he's going to cut those ev subsidies. on the other side, you see it with the republicans, in particular, around immigration stocks. because trump could use executive powers to do immigration right at the begin, and you're seeing, as trump's polling numbers improve, you see the immigration stocks begin to ou

joining us now to talk more about the funding fights in congress and the possible market impact is dan clifton you think? shut down going to happen? how likely? >> well, good morning and happy new year. i hope everybody got rest over the holiday season because january's going to be action-packed. funding cliffs, republican primary starting, the taiwan election. you're going to see a much more outsized role of geopolitics and politics in 2024 than you saw in 2023. that's going to start right away with how these negotiations are going over the next couple of days on the border and ukraine. in fact, the republicans are unlikely going to be ale to do a deal, it's not going to meaningfully reduce immigration at the border. democrats not able to do a deal without getting their priorities through as well. very hard decisions to make. we've been fighting over immigration 20 years. we're going to try to get agreement on that in a week from now. then have it, pass the senate and go to work on the house, very narrow margins between the two chambers. this will be a very delicate process. i assume noise an