that's not what gary cone, he's not that kind of guy.cynic could say, gary cone, a wall street guy. well, isn't this about draining the swamp? wasn't it about not having goldman people and that's who's sitting next to president trump. market perspective, market feels good. >> they like stability, right, they like to know what's coming. and the tax splplan is coming. do we know when? >> we don't. while president trump has met with ceos and he said this isn't just a photo opportunity, this is a task force. i've spoken to a number of ceos at the meeting, there hasn't been any follow-up conversations. so you know, the devil's in the details, but a steady hand like a gary cone does have the market feeling a bit more confident. >> today there was another meeting with trudeau where they had female leaders come in and they talked about entrepreneurship. sounds. >> sounds beautiful, what is it? >> yeah. >> and remember in the market -- >> the market, they could sell tomorrow. they're feeling positive. remember, markets are liquid. things change,

half session and hallsh razzing gary cone he paid the taxes on the goldman shares, no country where we have a trade surplus, talked about his priorities of the border military strength and jobs and pointed out the u.s. has lost a third of manufacturing jobs, 70,000 factories since china joined the wto. jon fortt and sara is at the clubhouse. and david mcintosh. what a fascinating view we saw, henry. this time especially so, his ability to alternately bully, charm, cajole, shame these companies into doing jobs here in this country. >> this is trump at his best. during the campaign he was more authoritative on the economy and jobs, obviously incredibly comfortable in the presence of these folks, works in the great story of himself hitting a hole in one with jeff immelt, and clearly everybody is we're trying to build jobs back with you. >> careerly he wants to be a cheerleader, but what's interesting is the ceos don't go into work of day saying how can i employ more people. he wants them to ask that question. there's a bit of tension as being the globalists productivi productivity-driving

gary cone is a 25-year alumni of goldman sachs, only a month and a half ago, he was the president oft just understand markets, he is a member of the international finance community. so the market doesn't have feelings, the market's about probability. and when they can say listen, donald trump is unreasonable, he's unhinged, we don't trust him. they trust an even-hand like gary. steve mnuchin getting confirmed tonight. we're worried about mike flynn and what he said, he's no steven miller on tv yet. you didn't see general mattis, you didn't see rex tillerson. these are the guys that are even-handed. so from mike flynn loses his job, the market says great, if donald trump doesn't comment on north korea, the market says great. he doesn't know that much about north korea. the market doesn't mind if mar-a-lago got free advertisements within the markets is saying, looked like a good meeting. >> interesting perspective. stephanie rule, thank you, we appreciate that. >>> one final, quick break coming up. growing debate about the white house correspondent's dinner. big names say they are not

. >> as part of this initiative, gary cone talking about reforming fannie and freddie, that should be fart of it i -- a part of it, if you have banks and they say whole world is burning to ground unless you bail, i think that every president will bail. >> you think so, i don't know. but, do you think, do you think that if we can get real major reforms, fix up dodd-frank, rule, do you think that will spark the revival. >> i think it would, small business will get money they are not getting. this -- like sarbanes-oxley, it was passed. what company, big company do you know that was punished by sarbanes-oxley? it was all small companies, this is just the government covering its own trail. charles: small businesses that needed an army of lawyers and accoun accountants that they can't afford. charles: remember that old ad, when ef hu hutton talks people listen? right now it is if donald trump talks, stocks move. >> we're going to come up with a tax bill very soon, a health care bill sooner. charles: president trump promising action on thaksin shinawatra and -- on taxes and obamacare. obamac

but as far as what is going to be the mission here, we heard gary cone just before the meeting step outpeak. and where he said we have the best, most highly capitalized banks in the world, now is the time not to be burden by regulaons so we can be more competitive. can we please break that down. when he says we have the best, most capitalized banks, that manse they have the most amount of money reserved and that's because of regulation. because of regulation. before the crisis, that's when you could trade any security, whether it be an exotic security, could you borrow money end l endlessly, take outside, calculated bets. so you can't be rolling it around taking massive bets. but should you when you're a bank? one of the reason bank stocks have done so well is now that we have a better understanding of the clean business they're doing, that's within reason to want to own those stocks. look at ubs. look at deutch beeng, they're in much worse shape than a jpmorgan. >> stephanie ruhle, thanks very much. we want to let you know about new reaction coming in from speaker of the house paul rya

gary cone on the white house lawn saying we're going to get it done is probably reassuring. the context is -- very strong jobs number. the fed basically going to stay maybe behind the curve a little bit, let it run hot and let the kids play and they'll get aggressive. so, i think that's what's going on. altogether, though, i think these are the gestures out of washington that maybe investors have been waiting to see. essentially, centrist ceos with a literal and figurative seat at the table to try to figure out the more important issues. >> andrew, but the point has been raised multiple times this morning that the items that trump as president has moved from executive orders and from his perch in the oval office are not those that the ceos have been in favor of. that's what his base has wanted. and i'm wondering how likely you think corporate america believes that this president can have his cake and eat it, too, and please both of those groups. >> look, they are going to try and you'll see different arguments made in the room today on some of the issues that we just showed

so gary cone, former president of goldman sachs got on the lawn today and he said our banks are highlynd are in a position to do great things, but they are being strangled by regulation. the reason these banks are highly capitalized, meaning they have loads of money on the balance sheet is because of dodd frank. before dodd frank, they were engaging in lending practices that were predatory. they were trading exotic securities. they were using money that was deposited in the bank and taking massive outsized risks and then they had to get bailed out by the american people. it is why the american people said i think the banking industry stinks. it's public enemy number one. in comes regulation. now dodd frank probably overregulated because we ended up putting all of these regulations on the banks, big banks like jpmorgan, they can afford it. that's why there's this essence of regulatory capture. if you're a guy with all the money, you're going to pour an extra thousand compliance officers, if you're a smaller or mid-sized bank in the midwest, you can't. and you're starting to see those or

according to a white house official, chief economic advisor gary cone is in charge of that plan. worked for goldman sachs. disagreements with james mattis in their first meeting today and she said e.u. lawmakers are aware the u.s. government expects germany an europe to take on more responsibility. french anti-terrorism officials have arrested four people, including a 16-year-old girl and say they prevented what they call an imminent attack. they raided a home in southern france where they uncovered a makeshift lab with explosives an bomb making ingredients. authority says the teen had pledged loyalty to islamic state in a recent video. official says one of the suspects was believed to have been planning a suicide attack. in tehran, thousands jammed the streets to mark the 38th anniversary of the islamic revolution. president hasani called president trurp's administration a problem. global news 24 hours a day, powered by more than 2,600 journalists and analysts in over 120 count ruries -- countries. i'm mark crumpton. joe? joe: let's get a recap of today's market action. new high

with white house national economic counsel director gary cone joined me last hour first on fox interviewchanges are being made. >> we have to get the united states banking system working again. we need to make capital available for small and medium i sized of businesses for interpreters banks do not lend to companies forced to hoarded money to hoarded capital can't take risks we need to get banks back in the less thaning business, that is our number one objective. >> the impact of country banks coming up executive order expecting today market higher futures this morning indicating a gain 40 points on dow industrials, nasdaq s&p 500 also firmer, in europe bank stocks leading the gains on changes expected, coming to dodd-frank take a look ft 100 up a half percent cac quarante in paris up almost 1% in asia overnight, markets little changed, china is opening again after few days of holiday after lunar new year holiday shanghai composite down nikkei average up a fraction. breaking news a ma chet wielding eye think aer shot by soldier at you louvre in paris the latest this morning out of paris

. >> here's to the people that made me dream, my uncle gary platt, sam cone, my parents, my children, my wife, whose shoulders i stood for 40 years because she insisted that i reach for stars and to the hollywood community aim so proud to be part of. >> so then, all of a sudden, you see people running around, producers coming up, saying guys, stop, chaos up there and then, this happened. >> moon light, you guys won best picture. >> moon light won. >> this is not a joke. >> this is not a joke. i'm afraid they read the wrong thing. >> this is not a joke. moon light has won best picture. moon light, best picks tour. >> so then how did this happen they are all surprised, shocked, and then warren beatty feels pressure on him. he tries to explain what happened. >> i opened up the envelope, and it says emma stone, la la land. that is why i took such a long look at feye and at you, i was than the trying to be funny. >> well, you were funny. >> and finally, they got their acceptance awards. >> it is true, it is not fake, we have been on the road with these guys so long, so gracious, generous o