let's get fox business networks, gary b. smithlso to step back from the day-to-day, money part of all this, bob murray, the pastor at holy family church in new york. father, to you first. a lot of people look at this and say i've been focused on saving for my kid's future, saving, saving, saving, something like this comes, maybe i've got it backwards. what do you tell people? >> well, moral formation, spiritual guidance, a sense of right and wrong, the 10 commandments aren't suggestions, the way you live your life is you love your neighbor, you don't hate. one of the things society has been tolerating too much is the sense of cultivating hatred is a way to deal with people and apparently this young man was the object of some hatred in his school, which is wrong, but we have to teach people it's never right to express your anger through violence and murder and this is what's happened here. the right and wrong of human action really depends on our decision making to embrace what's good and i think we have to tell kids, look, don't g

gary b. smith and bob is here, too. good to see you both. gary, we've been all over the place. smaller moves we should say today. nonetheless, you know, down so much and then ending in the green. is volatility here to stay? >> i think for a little bit, trish. normally after you have those couple 1,000 point swing days, people are trying -- traders especially are trying to figure out is inflation real? we're going to get a report tomorrow. that will have an impact. >> trish: can't wait. >> is it going to affect the market? for mom, the nation's largest senior living referral service. for the past five years, i've spoken with hundreds of families and visited senior care communities around the country and i've got to tell you, today's senior livingnd communities are better than tever.ou, today's senior living communities are better than ever. these days, there are amazing amenities like movie theaters, texercise rooms and swimmingg pools, public cafes, bars and, bistros. exercise rooms and swimming pools, public cafes, bars and bistros. even pet care services. and nobody understan

tomorrow fox news contributor gary b. smith. happy presidents' day. >> to you also.ts your next train to watch. >> this has been a dream for people who look at charts like me because it's been almost textbook. just on january 26 we were an all-time high in february 12th we would down 10%. you are right, it had your head twisting. since then, we've retrace 50% of that in technical terms is almost textbook. friday's action was a little ominous because near the end of the day we gave up almost all the games we had this to settle on the 50% balance. lauren: don't want to do that going into a long weekend. >> exactly. people start to worry. should i buy, sell, discovery kids college education. if you are long term, forget about all of this. this is more honestly trader short term top. long-term you don't need to pay attention to this. short-term outlook for volatility hopefully to start to decline from these plus minus 200, 500-point days. shorter term, look for the s&p to stay above its 10 day moving average. to me, that is a go, no go. if it drops below that i'm out of

we are joined by kitty mcgrew president, fox news contributor gary b. smith.ng. >> good morning, connell. we cannot play word association. you can talk about the stocks. facebook was interesting. stock additionally initially sold off. how much time users are spending on the site but that abounds. your take on facebook. >> i think you just summed it up right there. facebook being the preeminent social media platform depends on the use. i've always thought it's kind of a trendy stock and dad i mean i think it is easy over time to create another social platform just like instagram did until facebook.instagram and the user views go down on that. it is solely dependent on that, not unlike the tv networks of many years ago when they used to be the big three and now there's millions of channels out there. i think it is going to be difficult for facebook in the future of the views keep declining because there goes beyond revenue. >> there were so big nothing could change. other industries over the here. you're not a fan of the stock at the moment? >> i'm not. speaking

gary b. smith and heather are here. gary b.? >> they definitely -- koch is right in this cake.ewark was offering in the billions, four or five billion works out. 50,000 jobs. 145,000 a job that they're paying amazon. it's footing the bill, state of new jersey, the city of newark. a city that will probably never see that much money returned to it. i think it's horrible idea for the city to do that. >> trish: it's corporate welfare, right? >> and a company like amazon that doesn't need it. >> trish: he said we're going to make a more attractive environment for amazon. my home state of new hampshire is trying to get amazon there, too. i don't know if they could competed with what newark is offering. but they're saying we're going to offer incentives that everybody can get. that seems to be a little more fair. i mean, you know that g.e. left connecticut for massachusetts because there was a more attractive tax rate. so if you want to say create a more favorable environment for businesses, isn't it right that you do it for everyone? >> right. we can't look at the top earners. yes. a

let's get some analysis right now from gary b smith, the fox news contributor. gary, it is jerome powell's first day as a fed chair, not exactly the best day to come in but there is an interesting dynamic in the market where the economy may be doing well fundamentally but just the threat of interest rates going up really spooks folks. >> exactly. i think the focus on inflation and the fed is a little overdone. there's a lot of people in the market that have never really lived through high inflation. like there was in the '70s. if people look at inflation right now at the end of 2017, inflation is still only 2%. we live in a far different kind of economy than we did even five, ten years ago because of companies like amazon out there, because of so much you can get from china. it's very difficult across the board to find a company or retailer or grocery that can actively raise prices. that's the key to inflation. i am not not on worried but i think this was kind of normal, although abrupt pullback. >> bret: is it a correction, per se? we were down 1600 today. came

let's raise that gary b. smith and capri cafaro. what do you think? >> your guess is as good as mine. any time there's uncertainty, the assumption is, the natural reaction is to hold on to the money. as we also know, neil, that it's important to get the money back into individual's pockets as companies like cvs, tyson and others have done. because when you get more money in to the marketplace, guess what? more money is being spent and the economy is growing so if we're going to offset some of these, you know, market fluctuations, which as you said we're in correction territory, i think some of that frankly was derived from some of the algorithmic trading that took us from where we were at our highest a few weeks ago down to where we are now. then certainly with interest rate concerns, there's a natural progression there. i think this is a natural course correct. so i think if i were to make a gander, i think -- and i would hope that these employers that have gotten the tax cut will continue to invest in workers because it's a good bet on getting more

of maslansky + partners pollster lee carter is here, benchmark managing partner kevin kelly and gary b. smith joining us this morning, great to see you. kevin: i love being on friday, one of my favorite fridays is job fridays, one of the numbers we look at is wages and that's because it leads to healthy inflation. secretary mnuchin actually said, listen, rising wages respect going to lead to broader inflation and everybody kind of in the finance community is going, hmm around that statement. maria: he said it can grow. >> they can but won't lead to broader inflation but that's confusing because you want rising wages because it's healthy inflation as it stays through. i'm interesting to hear more on thoughts because he also said that we want a weaker dollar and then yesterday dagen and everybody was talking about putting eggs back together because -- because art doesn't think that you can actually come back. this is pretty interesting what's happening economically here because we are talking about inflation and we are talking about the treasury and that's the worries, inflation is the worries

market watcher gary b. 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

joining us gary b. smith. thank you for weighing in here.ou look at the market through a technical lens, steck an technil analyst. tell us what you see from a technician's eyes. >> i was trying to put this in perspective. what was this like? was this 1929? was this the crash if you will of 2008? was it the tech bubble? i think mostly it feels like the crash that black monday of 1987. we've gone up since the lows in 2009 about 220% or so. we had the same run-up to october of '87, about 270%. what was the cause in 1987? you heard almost the same exact thing as you did now. well, maybe it was derivatives, maybe it was this algorithmic trading, maybe it was over-valuation, but there was no collapse of any asset bubble like we saw in the internet crash and the housing bubble. and in fact, shortly after that black monday, black friday in 1987, the market came down severely, more severely than it has now, and then it started rising up again pretty much to the late '90s. that's what it feels like to me. it feels like we just got rid of some of the o