deirdre bolton has the headlines. deirdre? reporter: screens showed green and the markets closed higher. investors focused on strong corporate investments and a strong economy. peter thiel says he's leaving silicon valley. he says the tech culture in the silicon valley is increasingly intell aren't of conservative views. it was a big week for cisco. it announced a 14% dividend hike and a plan to repatriate $16 billion from overseas. president trump considering a gas bump at the pump. he says a 25 cent a gallon tax could help fund the infrastructure plan. maria: the consumer price index rising and that sparked inflation fears among were versus investors caused the markets to spiral out of control but that did not last long. incredible market activity. volatility is back. trump's economic advisor gary cohn down played this. i want to talk about it right now with the president of macromavens and an economist. i love getting your take on this. you have been so right about this economy. i have some concerns right now. >> absolutely

deirdre bolton is here with more on that. hey, deirdre. >> hi, trish. you and i have seen markets like this, this volatile. i don't mean to minimize what we're seeing on the screens at all, but this is not like 2008 where you had the 15-month downdraft, that was just down and down and down. i think we lost between 2008 and beginning of 2009, something like 50% this is not that. when you speak with people now, as you have been on your show, people say you know, the economic underpinnings for the economy, for the u.s. economy are pretty strong, right? with have unemployment at a 17-year low. we have wage growth showing certain amount of steadiness after almost a decade of nothing. there are a lot of positive points. corporate america are deliverying solidly on earnings. 80% of the companies reported so far exceeded estimates. so that is great. we haven't seen those levels since 2008, as far as the upside surprises with earnings. but as you're talking about these computers, yes, all selling and all buying is going to be exacerbated because we're in a new w

let's go back to deirdre bolton. >> we are waiting for a press conference. we are told it will come from coral springs, florida. the stoneman douglas high school, the scene of the shooting. we are expecting to hear from law enforcement officials. multiple people dead, that is according to the broward county sheriff, scott israel. i'm not sure if he's going to be part of this press conference in coral springs. but i would anticipate we'll get more details on the fatalities and the conditions on the 14 people transported to medical centers and hospitals in the area. 14 people transported with varying degrees of wounds. the state of the victims in best those medical centers as i mentioned earlier, it's catastrophic, there are really no word. we'll be monitoring for comments coming through from that press conference which is 4 miles south of parkland where the high school was. three floors as we have been talking about with 3,200 student, freshmen on the third floor, that's the one from all reports including a.p. and the "miami herald." that's the one where most

deirdre bolton joins us. >> we saw the fifth day of 500 plus point swings. for the dow, fifth day of heavy selling. it's down 10% from its recent record high which means it's officially in a correction. this sustained selling makes some investors anxious but others see the return of volatility is long overdue. we had almost an entire decade of stocks moving higher year on year. strategists telling in the u.s. economy is solid. american corporations are delivering on earnings and sales. we had 17 year low unemployment. we have wage growth for the first time in almost a decade and corporate america is beating estimates. in this last quarter, almost 80% of the time. the higher highs and lower lows, it's part of the investing landscape. thanks to computer guided programs. humans write trading programs to kick in automatically when markets hit certain levels but in only one part of the market. looking at hedge funds, quantitative funds are responsible for almost 30% of all u.s. stock trades. that's double the amount of a decade ago. the bottom line here is that t

deirdre bolton of fox business network joins us. good evening, deirdre. >> good evening, chris. after five straight days of losses that started a week ago today, we finally close higher. each market gained more than 1% each but it was a roller coaster ride. the dow swung more than a thousand points from its high into its low, it surged in the final hour of the session, finishing up 330 points better than 1%. for the week, though, lots of red on the screen. even with today's gains, the major indices still down more than 5%. but selling monday through thursday was broad-based across all types of industries. tech, financials, industrials. other regions felt it too appear in markets in europe and asia sustained heavy losses. the dow fell more than 5%, its deepest decline since january 2016. the s&p 500 also lower by .2%. the nasdaq down 5.1%. the selling started exactly a week ago today after the january jobs report showed a pickup in wage growth. it accelerated for the first time in almost a decade. investors began to worry about inflation. higher prices for goods and services. som

deirdre bolton, thank you. mr. treasury secretary, i think you have got some more work to do because you can still close the loophole and you should. >>> we'll head down to the floor of the new york stock exchange where we have a big, big rally going on. up nearly 200. stay with me. we're back right after this. in the eastern united states supported by innovative packaging that extends the shelf life of foods and infrastructure upgrades that help us share our produce with the world. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast busine

eric: deirdre bolton kai thank you. more information on the president responding on twitter today to what you see there. a deadly train crash in amtrak crash outside of columbia, south carolina. two people were killed come identified as engineers. more than 110 people injured. many of course passengers on the new york to miami bound train. the president is at his mar-a-lago resort and he has been briefed on the situation. west palm beach covering the president mary lago at the latest. >> hi, eric. sunny and very windy day two for president trump been spent at the winner right house down the street where the president is right now. he's been there for the past four hours. while there, the president did send out this tweet about the deadly amtrak train crash on the train headed from new york to florida. my thoughts and prayers are with all the victims involved in this morning's train collision in south carolina. thank you to our incredible first responders for the incredible work they've done. the president who did this y

smooth, deirdre bolton, adam adam lashinsky, it is a valid point he's raising it doesn't take much to make that debt pricey. >> it does not at all and i think this is the danger also of president trump tying his economic or administration success to the stock market, but as you say, it is going to make the debt more pricey and i think we're now the top five if you put us on a list of all of the industrial economies we're on the top five of better nations. neil: but we've had some rip roaring markets. gary b., one of the thins he was warning about that we have to be aware that interest rates were are ridiculously low and unrealistically so, so even if we get back to equilibrium that could be another excuse for the bears to say well you want to get out of dodge. what do you say? >> well, i think a lot of people are still viewing the fed inflation in terms of the 70s. i'm not going to say inflation has been banished and by that, you know the fed having to raise rates to play it off, but look at the landscape right now. who can raise prices? grocers can't raise prices, because instead of

let's go to deirdre bolton in the newsroom with the latest details on the shoot and what appears to be a possible apprehension. deirdre. >> i'm hoping that is true. 3200 students are in the building. it's a high school three floors in parkland, florida. this is 20 minutes west from boca raton. it is north and west of for fort lauderdale, stoneman douglas high school. we think one of the suspects, assuming there is one, is in custody but there are reports according to police of at least one death and between 20 and 50 injuries. we do know that the president has responded to this. i want to call attention to his tweet. we're going to put it up on the screens now. my prayers and condolences to the families. of course essentially just hinting at fact that no parent should ever have to send his or her child, there it is. my prayers and condolences to the families and victims of florida shooting. no child, teacher, anyone else should ever feel unsafe in an american school. from the point of view from three of us, melissa and david, who are all parents, no one can imagine a worst-case scenari

deirdre bolton has the headlines. deirdre?and the markets closed higher. investors focus

deirdre bolton of the fox business network is in new york to tell us what

deirdre bolton has the headlines. deirdre? reporter: screens showed green and the markets closed higher. investors focused on

neil: thank you very, very much, deirdre bolton. thank you for your help this weekend, live with us as well. i do want to update you. this is echoes what deirdre is reporting. we're getting a report that just put out by the united nations, saying that the president's tax reform could bring about $2 trillion back to the united states in terms of money that was just sort of held abroad and afraid to come home because of tax consequence. a lot of that money is being incentivized to get back here with 15.6% one-time rate. apple, cisco, ibm, i could go on and on, they are now incentivised to bring it back home. the u.n. is concluding that it will have a lot of economic boost in the united states. this measure is most widely significant affect on global investment patterns according to the u.n. what they are saying because what is happening here it will have pay it forward fallout on rest of the world. so whatever is going on with the markets right now, this is even more economic impact than a market impact the united nations saying we co

deirdre bolton has the headlines. deirdre? showed green and the markets closed higher. investorsoc

deirdre bolton of fox news network, fox business network, joins us. good evening. >> good evening. volatility is back. you gave the closing levels, but during the day, the dow swung 1200 points, if you can believe that. it changed direction 29 times. definite whiplash for traders. treasury secretary steven mnuchin spoke earlier saying there's a larger economic picture to consider. >> we are very focused on the long-term economic growth and we believe the policies we've enacted including tax reform are very positive for long-term economic growth. >> the u.s. economy has such strong underpinnings that some strategies say that's what started the selling. investors have a 17 year low for unemployment, rising wage growth, and many thought it would force the fed to raise rates higher or quicker or even both. making borrowing of all kinds more expensive. analyst point out that the selling has been exacerbated by program trading, computer-driven trades that kick in automatically when markets hit certain levels. >> what we have seen is clearly a sell-off that's been driven to a large extent

deirdre bolton of the fox business network joins us from new york. good evening. >> good evening. today's gains along with thursday and friday, all about getting back to the levels we saw before the brutal two week sell-off. after the losses, markets were in a correction which means they had fallen 10% off their most recent highs. as of today, stocks are more than halfway back to correcting those big losses. if you look at tech shares, they are already back to precorrection levels. facebook, apple, netflix, google's parent alphabet. amazon. take note. rose 1.5%. it made the worlds richest man even richer. jeff bezos made 1.7 million today alone. he's worth more than $120 billion. financials contributed to the game. strategists say they are two main reasons for investor optimism. corporate america producing strong earnings. it's been one of the best since 2011. strategists saying investors are getting used to the idea of higher interest rates. yield on the 10-year treasury note stabilized under a key psychological level of 3%. that level was moving higher. earlier this month it mad

deirdre bolton of fox business network joins us live. >> good evening. it was another up-and-down day. stocks traded in a wide range. one moment the dow was down 130. another it was up 350. we are on day four of consistent volatility. stocks were up for most of the session but in the last hour, they started to move lower. they closed down and it was the biggest reversal for the dow in three years, biggest reversal for the s&p 500 in 2. well-known pros with decades of experience are sounding alarm bells saying computer-driven trades are making the highs higher and load lower. they are eyeing a rebound. there is an argument investors of all ages are having and that is how to square two opposing forces that are both true at once. there are these clear signs of strength in the u.s. economy. we have 17 year low unemployment, wage growth for the first time in almost a decade, and corporate america is beating estimates. the companies that have reported earnings, 85% are exceeding forecasts. that's close to a 10-year high of up. there's an edginess in the market

deirdre bolton at the fox business network joins us from new york. >> good evening. what a day, going over the statistics. there was one moment where the nasdaq was higher, in fact it looked like the stock market might find some support. that movement quickly ended. today is even more dramatic. we just hit historical record highs for the dow. s&p 500 and nasdaq in january. weeks ago, we were at historic highs. today an historic point loss for the dow. there are clear push and pull forces on the market and today the pessimists who won. the case for optimists, the u.s. economy is strong. 17-year low unemployment, rising wages. 80% of the s&p 500 companies have beat forecasts. that's the most upside surprise since 2008. in the case first first pessim, there is concern about increasing inflation. investors worry about that because when the fed sees it, it will raise rates quicker or higher or both than previously estimated. it's akin to pumping the brakes on the economy. higher rates makes all kinds of borrowing more expensive. it's true for corporations and also true fo

deirdre bolton is live outside an apple store in manhattan with that. deirdre?er is am, neil, on the upper westside. you remember when the iphone x came out, lines around the block. people camped out overnight, tourists using the new york city time to wait in line for the iphones, this is completely opposite, very quiet. i have met not one single person here to even pick up an apple homepod. as we've been talking about, apple homepod is about three years late to the party. amazon, echo about three years, in a second generation, google home out for two years, and apple's product is the most expensive. $350. it is double plus competitors, and really this is about sound quality. so it even does less. so, of course, as far as apple is concerned, i reached out to the company and asked them what sales expectations were, i didn't hear back from the company. but neil, this is all about sound quality. there's one line, back to you. neil: thank you, deirdre, very, very much. focusing on the dow coming down to session lose right now. market watch is reporting that the more

let's go to deirdre bolton to break it all down, what is going on right now. >> neil, you were talking about all the wild swings in all the markets. look at the dow. this is the-point range for the dow itself. we'll pull up an intraday chart. you will see essentially it looks like a series of little mountain peaks. this is crazy. a lot of people i've been speaking with, in the next 48 hours we'll still have volatility just as some much these formulas you were talking about, algorithms, that people write, they decide when they want to sell. the machines do what they want, they do it faster. you have had increase in volatility. what feels shocking about the past three days, as we put it in context, i show you the chart you already know, neil, but the end of january, we kept hitting high after high after high. a lot of strategists, fundamental stratgifts saying listen, we were kind of lulled into this peaceful place, this eight-year plus pull market. that is what making the selling of the past three days feel all more shocking. not just us, we're affecting trade around the world. look at

connell mcshane, deirdre bolton. now we're seeing the leadership come -- >> it is not the president. neil: thank you, connell. >> didn't that other guy look like he was testing the mic? neil: flannel is very big. the new pinstripe suit. what does the president have to do, deirdre? this is to rally the troops. >> rally the troops. we saw the other evening in the state of the union address where pretty much half the people in the room were not responding, were not clapping and i think really the democrats did take a hit for just looking and, by some standard like brats. come on, you have to stand up and applaud. neil: what to not be there, like 13 democrats weren't or joe wilson, with president obama saying you lie? decorum went a long time ago. >> saying to any president that you lie -- >> did he score any points saying you lie, joe wilson? no. they don't score any points. neil: it is predictable. >> you can clap in a polite way without rah-rah, usa. neil: of course. i guess what they're saying democrats will look bad

deirdre bolton has latest on all of that deirdre. >> there is so much going on, neil as you and the teame been covering. take a look at the dow. here is where we are right now, this huge drop, probably too early to point out correction levels but i feel like we should say it, 23,955. if we close there, that will be put the dow in correction territory. that is to say 10% off the high we just saw end of january. that is what the dow looks like. of course the review this week. these are really heavy declines for the week and i think surprising a lot of people. at least my sources that i spoke with about the computer driven trades, the fact that humans are ones obviously putting in formulas. but the computers are executing them faster. a lot of people said okay, monday and tuesday will be volatile. yesterday was a surprise. today remain as surprise for a lot of people. you've been talking a lot about rates. so people people in the cashingmarkets are watching these levels. we you a little bit overnight and how can the economy and underpinnings be so strong and have us be worried about inflati

deirdre bolton has far better technical definitions what is going on, right? , man, oh, man. >> we got the cpi data point, measures price everything you and i pay for as consumers right? everything from salad dressing to clothes to fares on public transportation. look at the six-month chart, we'll pull it up. you will see how the inflation gauge rose more than forecast. this is the latest reading t also matched december's increase. so the 6-month chart slowing you this is the fifth consecutive month, this might be the monthly change. so what i said will not match with this, this is the monthly change which also was a little bit higher but just trust me, year on year we are now in the fifth consecutive month of a reading above 2%. basically most economists are saying some inflation is here. probably heading higher but if it doesn't move up quickly, most investors and the economy can adjust gently. one more data point i want to show how quickly the highest amount of consumer debt on record ever. so $13 trillion. americans, this voracious appetite back for credit

smith, melissa arnold after this and of course deirdre bolton.ke on what is going on. >> i was surprised how much we've recovered since last week that i know i am shocked by en. i didn't expect this often happened -- that happened last week so quick. abu retraced back, one week after word, smooth sailing in the market to make more records. we've got to get over the high of last monday's selloff, which were not that far from doing. neil: that could worry some people as well. slip this off like there is no message intended there. i agree with that. as far as market tone goes, choppy markets, more choppy trades. reagan had lower lower last week was sentimentally about that. so it also seems the market is going to support this 10 year yield had four year highs right before the opening bell today. the fact that markets are still moving higher sense to me at some level investors are getting used to the concept of slightly higher rates. >> slightly more volatility. >> what's interesting with the phenomena as of late is they have banned inexorably back e

deirdre bolton to pick apart today. >> that is right, neil. it's a new day. before we assume this could be a page turn i want to show you where we stand for the week. if you look past three days alone, the dow, the s&p 500, nasdaq all down more than 4%. but take a look at the dow. you were just talking about these highs, and low lows, even today, stuart varney mentioning them as well, today alone up 350 points. down, close to 130 actually at the open. we're still swinging but if we show you the intraday dow, you will see, its clearly in the green. i took a look at come component. boeing performing pretty well. walmart performing well. after a choppy three days this could be a page turn. traders over the past few days, this, sr. we are now. let's celebrate a nice little green arrow for a minute. of course traders blaming a lot of volatility trades, products that were based on us basically being in pretty calm lull for the past 8 plus years in this bull market. a lot of traders in the market were betting against volatility. people say this is part of what is un

and that was weighing on the markets instead of going back and forth now down about 33 points deirdre bolton here, he seemed to be couching as all fed chairman would probably advice, but he definitely wasn't, you know, holding back on the strength of this economy. it's strong and it picked up considerably just since december what did you make of it? >> yeah, neil i'm with you. he even gave three reasons why the economy is strong. he talked about unemployment being at a 17-year low. he talked about inflation moving towards target, which most traders heard as okay picking up and that's exactly why you saw bond prices as you just talk about fall, same as stocks and those yields on bonds go higher, and he talked about global economic strength, so he even gave the reasons for more optimism and his view of strength underlying strength in the u.s. economy so to your point now we did see stocks sell-off on his comment and we saw bonds as well sell up but still that yield below that key psychological level of 3% so i think it's just a matter of investors adjusting to this idea that okay, maybe the ma

deirdre bolton is at a store where you can buy them if you want them. s nothing like what we saw back in november when that iphone x was released. you remember that? there were lines around the block. there were tourists from all different countries. i heard all the different languages. people camping out overnight and using new york holiday visiting time to wait in line to buy one of the new iphones. today very, very quiet. a whole different structure. i want to point out what you already know, that is to say iphones are about two-thirds of apple's revenue. i reached out to apple to ask what expectations were for the apple homepod sales. i still haven't heard back. this product is three years late to the party. amazon, echo, google home, they've been out. google is out and apples is at least a double the price of its competitors, and it does less, if you want to focus on the functionality. but where the apple lovers weigh in is the sound structure is amazing. stuart: hard break, hard break, hard break, more "varney" after this. ♪go your own way copd tri

but deirdre bolton does. >> because i have fast fingers, i understand the whole system. first of all, the panic yesterday afternoon, dropped a thousand points in an hour. >> it did. 15 minute stomach lurch. stuart: is that program trading? . >> yes, it is. a mix of man and machine, but led by program trading. i think that nothing breeding could have been responsible for that 900-point drop in ten minutes. that was -- but i want to highlight that all of these programs are built by people, humans, like us. so essentially the machines just do what we think, the machines just do them faster. that's is why the programs have been created. speed. stuart: what the computer does is built into the computer with an algorithm. >> it's a formula. stuart: once the algorithm is in the computer, you can't change it. and it has a mind of its own and it moves like so. >> because have you programmed it for a certain level of specific certain level that says i want to sell here and when that number comes, if it's in ten minute, it automatically kicks in and no way to stop it. most people i

fox business charlie gasparino and deirdre i think i was born under the carter administration bolton. good to have all of you here, thank you very much. it's all about the issue of paying forward in all of that. does wall street now -- i'm sorry michael but i'm looking at john. do you think the gusts upon this will go anywhere will concede something on it, or not. the mac it's a real tightrope here but i don't think he has to concede anything. the markets care about these deficits. they matter a lot. short-term we learned over and over again. i've been hearing this for almost 10 years now. neil: you're exactly right. the stock market loves it with the bond market and a note earlier there was talk about reaching a tipping point in the bond market. there's too much pain going to be felt to take everything down. the indication lack speaks action, seems like this is able to go through from a political standpoint. and some of these gop conservatives need to watch pushing back on on the spending to hurt them of certain voters in november and they have to worry about that. neil: i do find it