let's bring in kadena group president, gary b. smith. ltbaum capital management president, gary kaltbaum. monday and tuesday we saw markets rally softening mid-session, rallying into the close. salesforce.com reported stocks went down five bucks. same script we've seen. it was able to turn around. maybe somebody is out there nibbling. you've been 100% into cash. have you decided to nibble. do you think there are some forces out there buying weakness now? >> on monday i put out that i thought a low had been put in the market, but i need some cards coming out of the deck. i think we got a pretty good card today as fed head went coast to coast on his policy. this changes the playing field here but we're now rallying up into massive resistance. i think we'll get some pulling back. i think the whole playing field has probably changed. i'm going to be looking for good earnings companies. salesforce.com has always been on my radar. their earnings and sales growth has been phenomenal. the fact it is holding up a stark change for what we've seen o

to gary b.'int -- [laughter] gary b., this market is weak in terms of look at revenue misses that we've seen so far in this quarter. you've had more than 40% of companies, i think, based on latest data that missed revenue expectations. earnings you can juice. you can cut costs, yea, you get a tax cut. but ultimately, you need to grow the revenue, and the revenue's been the problem whether for apple, for amazon, that's what's whacked those stocks so badly. >> what are you talking about the the revenue misses? are you talking about for, like, the national railroad company and consolidated coal minersesome. [laughter] who cares about those companiesesome stocks that are on the forefront are killing it. amazon, google, apple are killing it -- >> what about, gary, what about -- yeah, but facebook's at a 52-week low. amazon is many a bear market, 20% off the shies. >> yeah, that's -- >> take the politics out. just look at price. is this a bullish or bearish stock market? >> i am looking at the price --

gary b. smith. gary, let me start with you. there seems to be a lot of narratives boeing on in this market. we had a lot of earnings last night. just in this session alone technology is fairly higher. it is higher and semiconductors leading the way even though applied materials got hammered. feels like this is market seeking answers much. >> yeah. i think the answers for most people is too look beyond all this noise. tough take a step back with these gyrations a few months from now a few years from now people won't be talking about "brexit." they won't be talking about if the fed will raise rates again. they will not talk about this, that, everyday noise, election recounts here in florida. what they will still be doing using companies like amazon, apple. they are still going to shop at stores like tj maxx. when things get volume style like this, i like to take a step back, tomorrow will i be using netflix? probably. not a good time to sell. if it is way down, probably a good time to buy. char

here with us now to discuss fox news contributor and edema group president gary b. smith and shackle on its back with us as well. we need some of your wisdom my man. we know that these rallies are going into the last hours of trading have been crushed. what he do? >> i think most of the traders are out the door. there were already on the long island expressway to the hamptons. last i looked, the dow was up 100 workers here so. basically because wall street source to shut down a little bit. in eastern grading right now. is anything standing out to you so far, shah? the retailers are somewhat compelling. the winds of the world with 30%, 40%. when everyone comes back here at >> it's a little early to make a call but there are tremendous bargains out there. liz: you group them all together, even though now it feels like are all starting to grapple with their own individual issues. and to that point, apple is still going well. they read the market higher and they focus on them as a group because of their growth potential and earning because of their net bottom-line numbe

gary b. smith and winnie sum. she has serious selling to do saying she is on the right track. brits polled on the subject don't think she is. i was asking my british colleagues in there was another vote over again would they vote to separate from europe they said no. what is your sense what is happening right now? >> our sense this is something decided on over two years ago. we may decisions in our clients portfolios to reflect that. so, you know, investors don't like uncertainty and so we're seeing, a lot of that trickle out into our markets here. so it's a global economy. so give us some direction so we know how to proceed with money back into the market or how we invest in portfolios. investors want to know what is going on. stuart: gary, to that point, what do you want to hear? if certainty is always an important issue for the markets, as much certainty as they can get, what do you want to hear or see? >> i guess always depends, neil, if your perspective is long term or short term if it i

joining me, gary b. smith, mike murphy, charlie english and charlie gasparino gas.ang what do you think about this? >> the fed said the key thing i take out of it, the fed said they're going to look at the data. they are not saying we'll keep hiking regardless. as long as data, economic data supports higher rates, i think a few quarter point rate hikes will not derail this economy at all. david: we did end stillst that , right? >> absolutely. we were up over 500 points yesterday. to get the no selloff or give-back with the volatility throughout october, to have no selloff after yesterday's huge rally i think is a big plus for the bulls. >> i don't think the fed should matter that much of itself to be honest with you. that is what scares me a little bit about this. economy is doing great. we're having marginally higher interest rates. like a real investor put their money in treasury bonds, instead of stocks, from a little tiny increase on fed funds rate, mild unwind of long end when fed unwinding the portfolio, which means it sells bonds, interest rates go up, right?

joining me on the panel today we've got the a-team, gary b. smith, steve lee and chris morris is with us. we have art laffer titled trump annan makes inside the america. first plan to revive our economy. our market needs revising. the dow plunging 551 points today dragged down by a tech wreck. the dow and s&p completely erasing their 28 teen and here's what the president said about the markets a moment ago. take a listen. >> is a country were doing great. our unemployment is at a record low. look at all of the different statistics. i think that tech stocks have some problems but that will come back. i think we're going to do very well. >> is the president right? when you think? >> no, i don't think so. this is a correction in a bull market run. a lot of money out there. just through to other sectors come utility, and that if you really want to see a bear market, money has to come off the table and i haven't seen not just yet. >> i must ask for the long run guy. that might be right that the market has a bit to fall so, but if you buy stocks at

. ♪ ♪ david: this is "bulls and bears," i'm david asman, jonas maxer if race, dagen mcdonnell, gary b and jonathan hoenig. a rocky day for the markets as concern grows over whether president trump can reach a trade deal with china. now, the president trying to the ease those fears this afternoon. take a listen. >> spoke with president xi yesterday. they very much want to make a deal. i think we'll make a deal with china, and i think it'll be a very fair deal for everybody, but it will be a good deal for the unit

joining me, gary b. smith, mike murphy, charlie english and charlie gasparino gas.at do you think about this? >> the fed said the key thing i take out of it, the fed said they're going to look at the data. they are not saying we'll

today we have charles payne, tracy carrasco, lauren simonetti and gary b smith. the president is on his way to argentina for the g 20 summit. he will be landing a couple of short hours from now where he will once again, be on the global stage the next couple days will be crucial with potential for some major market moving headlines. our own blake is live in buenos aires with headlines from the president and a preview of more week and we can expect. what i'm looking forward to our hearing about blake, is a meeting where peter navarro will be in the room with the chinese president. tell us more. reporter: are one meeting that is getting expanded and another meeting that is being canceled. lots of movement before the president has even gotten here to argentina for the g 20 summit. he tweeted today canceled his meeting with the russian president, vladimir putin. he fired off a tweet say he would not be meeting with blood dripping because of the escalations in the waters off of crimea against ukraine. one meeting that is most certainly going to happen though is the di

let's bring in gary b. smith, good morning. >> good morning, cheryl. fed -- we got the minutes yesterday, seems like they are committed to december rate hike, that seems to be priced in but in 2019 that's the question, we have gotten -- they had penciled in 3 interest rates hike for 2019 but with the tariff, trade war, china situation still unresolved seems like they want more flexibility, is that a good thing, do you think? >> well, yeah, definitely, i think people always place little bit too much confidence i guess you will in the fed being able to forecast into the future any better than anyone else can, i mean, they pretty much admitted it's a guess, there is no one indicater that says 6 months down the line the economy is going to be up or down and inflation is going to be high or low, they are on the same database that we are, it does look like, yeah, they'll be one more hike, but from the readings i see from powell and the rest of the fed, they are saying, well, maybe we will and maybe we won't, people shouldn't get too invested in what the fed

today we have charles payne, tracy carrasco, lauren simonetti and gary b smith.dent is on his way to argentina for the g 20 summit. he will be landing a couple of short hours from now where he will once again, be on the global stage the next couple days will be crucial with potential for some major market moving headlines. our own blake is live in buenos aires with headlines

joining me on the panel, kristina partsinevelos, gary b. smith, heather zumarriaga.rk zuckerberg holding a conference call this afternoon, slamming and denying a real blockbuster "new york times" report, that the social media giant ignored signs of russia meddling. take a listen. >> i've said many times before that we were too slow to spot russian interference,

. ♪ ♪ david: this is "bulls and bears," i'm david asman, jonas maxer if race, dagen mcdonnell, gary b a rocky day for the markets as concern grows over whether president trump can reach a trade deal with china. now, the president trying to the ease those fears this afternoon. take a listen. >> spoke with president xi yesterday. they very much want to make a deal. i think we'll make a deal with china, and i think it'll be a very fair deal for everybody, but it will be a good deal for un

charles: gary b., melissa, you both made great points. we appreciate it. dow jones industrial average, giving some of it back. only up 489 points now. liz: what happened to the five handle? thank you, charles. breaking news, we're calling it the powell pop, aka the gigantic short skrequeeze smacking down bears, after that blockbuster speech by federal reserve chairman jerome powell at the economic club of new york, where he sounded so dovish, so calm about pulling the plug on interest rate hikes sooner rather than later, that investors grabbed the ball and ran with it. stocks took off like a rocket ship just as his comments hit the tape at high noon. you can see from the intraday picture that that's where the dow popped. you can see it also flattening out at the moment but we are higher by 481 points. >>> to the nasdaq, shift the screen here, popping even higher. powell added that there are no dangerous excesses in the stock market. tech, which many believed have gotten too frothy, flying higher. the nasdaq up 158 points. the s&p not far behind, up 44 poin

joining me on the panel, kristina partsinevelos, gary b. smith, heather zumarriaga.acebook under fire. ceo mark zuckerberg holding a conference call this afternoon, slamming and denying a real blockbuster "new york times" report, that the social media giant ignored signs of russia meddling. take a listen. >> i've said many times before that we were too slow to spot russian interference, too slow -- to slow to get on top of it. we certainly stumbled along the way but to suggest that we weren't interested in knowing the truth or that we wanted to hide what we knew or that we tried to prevent investigations was simply untrue. >> there you have it. that was off of the top of the conference call. i listened throughout the day reported on this. a lot had to do with "new york times" article that facebook knew about russian meddling in spring 2016. they waited an entire year to tell the public, facebook, even the board members issued a statement as a board we indeed pushed them to move faster, mark zuckerberg and sandberg. they think it is unfair "new york times" is going af

joining me on the panel today we've got the a-team, gary b.mith, steve lee and chris morris is with us. we have art laffer titled trump annan makes inside the america. first plan to revive our economy. our market needs revising. the dow plunging 551 points today dragged down by a tech wreck. the dow and s&p completely erasing their 28 teen and here's

let's get to read on this from gary b. smith come a business is.t's interesting about this is mary barra blaming it on trade and doing it at the top of her game or gm's game and not waiting until a recession or worse. >> yeah. i mean, i get this made when the politicians like you just had on say, you know, when he was governor he would've gone to them and got them involved as if there should be a private public partnership. i think the job of the government quite honestly is to keep the light on, defend our borders and get out of the way. it is sad. don't get me wrong for the workers and everyone involved that gm is doing this. in the long run, it is probably hopefully a good decision for gm. if they kept those factory opens, they would no doubt be losing money, squandering resources that could be diverted into, as they say, creating new better jobs elsewhere. it is tough, but that's the way businesses. neil: without politicizing this, i don't know if i would want a ceo balance in the south the president of the united states. that would have been a

to king view asset management cio, scott martin and rebecca walter gaeand gary b. smith.y, is it your sense the oil thing is a positive thing? because there are a couple ways to read that since oil is disproportionately weighted in the dow and s&p, when that fields a hit, those investors feel the hit? >> i think it's definitely positive. as you said in your opening remarks, the costs will doing business across the board, whether you're a consumer or a business, has just gone down. you talked about and obviously, gas and oil price are a big part of that cpi number. you mentioned everything else going up. here's the difference. you can't switch from gas to something else very easily. maybe electric cars, i suppose. with all the other things in the basket, it's very easy for people to switch if the price of beef goes up, they switch to pork or chicken, something like that. i think this is very much a net positive for the u.s. neil: rebecca, how do you feel about this? >> yeah, i'm excited about this. yeah, the cpi was obviously very high and that does indicate to go along wi

mat b ai, gary hart, it's funny to go back to 1987 he drops out, that is now 31 years ago.n covering campaign politics in the clinton era. this would be the equivalent of trying to tell somebody about barry goldwater's rise. >> sure. >> yeah. >> right? >> right. >> they're probably too young -- >> they don't remember it. >> they remember or remember it wrongly. there are misperceptions about the story that, you know, are sort of seared into our collective memory that aren't right. i think even for people who remember the story, the film will be surprising and compelling. >> should i sacrifice my privacy, bill myself-respect? it won't be me that gets dragged down, working on a campaign or some candidate who doesn't have to account who comes and goes from their bedroom. that is just the beginning. >> what are the biggest myths people think they know about gary hart, jason the, in this story that it will be, oh, wait, i thought it was that? >> when i tell people -- when i start telling people i'm making a make a movie about the carrie hart scandal, they would generally say one

gary, i was thinking to u.s. perspective what tech companies can do here if they are expecting hammer from congress. david: the way they make their money, their billions at least main way is b by using private information that europeans are trying to prevent them from having, if that happens here they are not making same amount of money they used to. >> probably going to happen here, you talk about big banks and politicians, any time you have a bunch of incompetent politicians, which is a redundant phrase. look go after someone with least less approval rating than they do, these guys are just new red meat, facebook and other media companies not good for them, they will get an own o ounce of. >> if you want your privacy, that is apple, and less privacy is google. >> they went after intel, and the microsofts when they were head honchos, top dogs, big cheeses, i'm not saying they don deserve it but this is the nature of the beast, i am expecting more. i came from europe, you would not believe the talk on brexit, they are ripping on theresa may, they assume en of the world is coming hyperbole and rhetoric on harsh side which not helping it either. >> i agree, i have do a lot of

gary glen ross markets. the first to scale is what really matters. the first to scale is the company, the product, the service that establishes the ecosystem, whether it's facebook or google or air bset of techniques are counter intuitive. ignore your customer and let fires burn and tolerate bad management. i don't know what your customer acquisition cost or your long-term value or customer is, but scale as fast as possible. >> let me ask you about two people who seem to follow your advice. mark zuckerberg's motto is move fast and break things. uber seemed to try to move as fast as he could to get greater and greater market share. one succeeded spectacularly and the other not so much. why? >> they both succeeded and built interesting companies, mark zuckerberg realized he needed to change his game. created diversified and strong executive culture where all of the executive teams were building in a much more formal business practice and evolving the organization that the products and services went. mark zuckerberg and the exec team and upgrading as he went learned that. travis misstepped on some of it. he didn't learn now we are logistics infrastructure and we need to be working wi

b that is -- that recognizes that 897 carolina street fronts on 22nd street and not carolina. >> did she answer your question so we can start the clock, commissioner? >> yeah, did i. >> yeah, you did. >> gary, can you start their time? >> i have one more thing to say. >> well, you have six minutes and 35 seconds left between the rest of you. >> i just want to address what the one gentleman said about the -- the city having a housing crisis. i agree. i agree. i want this thing built, i want it built compliant. i don't want raccoons to come in through my pet door, i don't want rats to come in and bite my children anymore. but the fact that we have a housing crisis, and the fact that my children will never benefit from these houses in no way shape or form in this city with the way costs are, that whole thing is just laughable to me. if we wants to build something for our children and families, we'd build something low rent for people in the neighborhood, not for investors and people coming in. 'cause that's what i see in the build across the street. i see airbnb coming there. i don't see families or residents in there. it's lavl to me that they're building this thing for families. come on. --