let's ask gary b. smith. >> good morning, cheryl. were down in the session 471, the volatility index, fair gauge we call it at fox business jumped 15% that was the major move, suggesting that investors are climbing the wall of worry, what do you make of what we isn't that true. >> well, i think you that right, it is a wall of worry but, you know, when you get to numbers, cheryl, i don't understand the worry. let's just take saudi arabia, for example, we are all worried about, you know, something, you know, the tensions escalate, there's a major fracture, oil prices go up above $100 a barrel. cheryl: you're doubting this. you're not buying this. [laughter] >> gary b. smith's doubt cultivated over 50 odd years of being in the market. cheryl: okay. >> we only import 9% of oil from saudi arabia. the other worry is the defense stray crumbles, let's see, we -- they account for about .05% of the entire defense industry, so when you get -- the worry in this case is kind of sell on the news, the old adage, especially true here. i'm looking --

>> i listened to jason remind me of my days with gary b. smith, gary b. smith listening to his charting stuff which i could never quite follow but i'm fascinated about it. today this is all about microsoft this company is doing extremely well, making a ton of money and growing. who would have thought microsoft would grow like this. i'm scratching my head why these stock geniuses were so upset yesterday about the market. all they needed was a little bit of good news. melissa: speaking of good news and earnings, amazon is reporting third quarter results. let's go to susan li, is it good news? >> a mixed picture for amazon. bottom line beef, profit came out way ahead of estimates. $5.75 is the earnings per share. estimates were for $3.14. revenue came in a bit light. americans i -- hence the stock s hit. $1.7 billion revenue. 56.6 billion what we got for amazon in the quarter. it has been about the cloud. amazon web services has been the big revenue driver. this is a beat. 6.69 billion for cloud growth. higher than analysts of 6.771 billion for the quarter. a

gary b. smith, overblown, okay hang on one second, >> [ overlapping speakers ] trish: gary? >> between gary k. and john layfield we have the two cumulus nimbus clouds that could rain on any parade. i'm hoping susan is bullish, because -- >> listen. gary k. comes up with whirlpool, why don't you come up with more dinosaurs and come up with the american buggy whip manufacturer >> gary b. that is incorrect. the premise of the question is why the volatility if everything is so rosie why is the stock market not at 35,000? >> look, i want to counter some numbers. trish: hang on. you're losing me you're losing me one at a time. >> [laughter] trish: gary, okay, guys! gary? >> any person with a finishing maneuver in the ring called the closeline from hell i agree with 100%. >> gary b. may get it through. trish: all right that's fine. i will point out to you pessimists out there, that -- >> i'm not a pessimist. the market is pessimistic. trish: but then isn't it the opportunity to get in? i mean, wouldn't you look at at that pessimism and say it's over blown when you look at the funda

gary b. smith and look who else is here, jonas max ferris, co- founder gary b., your take on what people should do now? >> start buying. >> liz: what are you buying? >> well i looked at the charts, liz it's unusual for a market to go straight down that kind of waterfall sell-off in the technical analysis terms. we're straight down. that tells me one thing. this is nothing but fear out there. it's not like, you know, there's a housing crisis. it's not like everyone knew there was a dot com bubble so i agree with a lot of what don said. it just looked like and you look at all of the sectors and stocks that sold off. it was indiscriminate. i could understand if bank of america selling off but why would netflix care about interest rates out there? is there no one out there tonight's going to say oh, my gosh interest rates are going up i'm not going to watch netflix tonight. of course not. >> liz: that's a great point. so look, i wouldn't go all in right now, because markets don't normally finish at the

we have susan li, gary b. smith, and john layfield, ceo of the layfield report.you are all fox contributors let's get to it we had certainly another wild day for these markets take a look at the dow today dropping nearly

gary b. smith from kadena group. fox news contributor. gary b., let me start with you, gerri mentioned it, boeing had all good things to say. it didn't help. >> tells you that the market obviously, to state the obvious is very worried at this point. everything, good news, bad news, is taken with a negative tone. i actually, oddly enough think it is kind of constructive. when everything gets thrown out, i mean, i'm looking at netflix which got crushed today. one of the stocks i own by the way. despite stellar earnings report. there was, i'm not sure there was any, i think i have maybe, verizon of the stocks i own was in the green. that was probably just like a buy of up quarter point or something. when everything gets flushed out. yet i look at the economy is good. gdp is good. earnings like boeing is good. i think this is more emotional and panic selling than anything else. i think we're starting a previous guest might have said, getting close to a bottom because this sounds like they're just throwing everything out with the bath water. me

join me on our panel on her first day of their very own common dagen mcdowell, gary b. smith committeeman grew president, former bomb economic adviser and john layfield, layfield report ceo. gary, robert and john are all fox contributors. another volatile day on wall street. coming off of the markets worst week since march. kerry beat him i wanted to go to you first. it did seem at times it would gain traction but it didn't. >> the last couple days the market i think after the onslaught of last week is trying to find its footing. you often see this with the waterfall selloff. 1300 points in two days, something like that. i think it's trying to find its footing. i like the action right here. i think it's trying to legalize. >> i see a lot of slipping going on. dagen: interest rates and higher interest rates are the worry and the federal reserve trained to lie down unprecedented stimulus during the housing crash come in during the financial crisis. if anybody tells you they know how this is going to play out, they are lying. they don't know because nobody knows. look at interes

jimmy on the panel or barrio and susan leigh, senior correspondent charlie gasparino, plus gary b. smithand john layfield, ceo of the layfield report, both are fox news contributors. if your stocks are making a lot of money today. the dow soaring to close to 547 points on the plus side. president trump sitting down with the run trish regan and a fox business exclusives. if republicans don't keep the house, the party on wall street could be over. >> what their 401(k). the day we have a really bad time three weeks from now through the 401(k) will go down tremendously. if they don't go out and vote, then they have themselves to blame. i built up $1,127,000,000,000,000 in well. >> charlie's already imitating. >> half the country does anything because that's what the percentage of the company and the stock market. the other has not going to care that their mutual funds and things like that. i think it is a weak argument to be honest. >> it wasn't trump who built? he's built them up since the beginning of the year. absolutely. >> the market is still positive. >> john, you've been very quiet. i

former obama economic adviser and gary b. smitho the mcgrew president who just flew in from florida. jonas, robert and guerriero fox contributors. 15 days away from the elections. "the wall street journal" poll showing the president approval rating is on the rise of more voters are interested in the midterms and now another tax cut is on the way for middle america. take a listen. >> we are putting in a resolution sometime in the next week or week and a half, two weeks. we are giving a middle income tax reduction of about 10%. we are doing it now for middle income people. that's on top of the tax decrease. >> are you signing an executive order for that? >> no, no. we will do the vote after the election. >> robber, you are already just on what the president said shaking your head. >> it is total bs. they're not going to be there november 1st or the midterms are november 6th. it's not happening. i tweeted that out this morning. >> you are confusing practical with marketing. trump is a marketeer. let's say i stipulate the trade impract

joining me is liz, rick, gary b. smith, and heather zumaranga. re both fox contributors. let's get right to it. stocks soaring for the second straight day. the dow closing up 241 points, well above 25,000 now. president trump speaking at the

joining me is liz, rick, gary b. smith, and heather zumaranga. liz and gary are both fox contributors. let's get right to it. stocks soaring for the second straight day. the dow closing up 241 points, well above 25,000 now. president trump speaking at the white house this afternoon is warning investors once again. take a listen. >> the midterms for some reason don't do so well for republicans, i think you are all going to lose a lot of money. i hate to say that. i think you're going to lose a lot of money. people are waiting on your 401(k)s and everything else. they are waiting to see what happens with the midterms and if it comes out good like we think it probably will, because there's a good feeling in the air. there are a lot of people voting. go out and vote. if it comes out good i think the market's going to continue to go through a period like we have never seen before. david: so the president talking up the economy, talking up the market. you couldn't see larry kudlow there tossing him softballs but what do you think, gang? liz: he's got an

join me on our panel on her first day of their very own common dagen mcdowell, gary b. smith president, former bomb economic adviser and john layfield, layfield report ceo. gary, robert and john are all fox contributors. another volatile

we have susan li, gary b. smith, and john layfield, ceo of the layfield report.tributors let's get to it we had certainly another wild day for these markets take a look at the dow today dropping nearly 300 points at one point it had actually been down 539 bigec

gary smith was talking about that. he's still going to safeway, still watching netflix. neil: i can't see gary b. smith at a safeway. i know it's possible. >> i'm a publix person. my former supermarket. neil: beyond that point, it's among the things you follow, those who invest on a religious basis every month, every quarter, that kind of thing has picked up steam not only corporations do it on behalf of their employees through their 401(k) plans but a lot of employees are doing it themselves. it is not a huge number in the scheme of things but it's a bigger number than it used to be in prior down drafts. i'm wondering how much of a factor it could be. what do you think? >> i think you're on to a good point here. here in the retirement area of florida, i don't know of anyone other than myself that picks individual stocks. that whole time to be active in the stock market for our generation was years and years ago. now, my gosh, you drive down main street here in vero beach and all you see are wealth management advisers. everyone is saying look, i've got my money, i made my money and i'm just going to give it to someo

let's get reaction to the president's comments back with me are gary b. smithwealth management portfolio manager michael lee and rock star anchor of bulls & bears the new show coming up next week he is host davey david asman. david first what's your reaction david: high person ole from this administration? i'm shocked. sometimes donald trump whose a businessman who has a specialty in real estate, they hate higher interest rates, because it does slow down sales of real estate, and clearly, it seems to be already having that effect on some parts of the real estate market so his instincts are there and this is a man when his instincts go somewhere there's very little of him to stop them from going anywhere. >> liz: gary b., the president is finger wagging at the fed is that going to have any impact? >> no, no, of course not. the fed will try even harder to be impartial. in a more macro sense, i kind of understand his frustration because i've always been of the opinion, why do we even have a fed? the market determines interest rates to think that we can higher some

jimmy on the panel or barrio and susan leigh, senior correspondent charlie gasparino, plus gary b. smitheld, ceo of the layfield report, both are fox news contributors. if your

we have some of the stars of that show joining us right now including john layfield and gary b. smith tarlov, i'm sure they're going to ask her to come many times -- >> they've been begging me. [laughter] neil: i want to posit9 a big theme for your show on monday, what happens monday. we heard from steven guilfoyle, the big investor, says he's going to be watching the asian markets or futures, what happens in europe, that could set the stage for good or ill for next week and whether the markets can shake off last week and, by extension, jessica, you could argue maybe three weeks from tuesday -- >> it's crazy. neil: finish the midterms. do you think this has any impact at all? >> i don't. we talked about this when we were here at the top of the show. neil: and, by the way, many don't tune in for the top of the show -- [laughter] >> we've already been here. neil: oh, great, thank you. there we go. >> everyone watches for two hours. i don't think the stock market and what's going on right now has a massive impact on the election. i think that people generally feel good about the economy,