gary kaltbaum, president of fox news contributor.l of course praying for the live text and promoted the industry overall thinking about how they can handle insurance claims in particular from all of these businesses and residents in houston that have been destroyed. is the industry prepared? >> welcome and there's never any good news in a situation like this, but if there is any, insurance companies have many years we haven't had real natural disasters so capital base is the highest it's ever been. for something like this, even though it's devastating and large, they pretty much cover it. knowing the hurricanes were early in the season and let's keep fingers crossed we not see another one like this. more than one is trouble for the insurance industry will show what. cheryl: you are telling me last week in the hallway about how florida of course goes through this every year. what about the federal government? the national flood insurance program facing huge claims. is that agents even in the red right now with a black right now? are t

kaltbaum capital management. both fox news contributors. it is not only the dow, gary but companies are making more money than ever. this is the biggest profit groth in six years. "the wall street journal" took notice of that today. too consecutive quarters of double-digit growth. how long will it continue? >> if earnings drives markets in the long run it is nothing but good news. let's hope we don't get into peak of earnings. i think it is a combination of a few things that are going on here. the trump factor, maybe he gets some things done. you still have interest rates around the globe negative as well as ton of printing of money, now you add in earnings front and we're getting good stuff here. let's hope it continues, jonathan, the president has gotten stuff done on his own through executive orders through regular races. all the regulations obama administration put on are coming off or about to come off. that is making companies more profitable. that is what is driving the market, right? >> in some case, ironically, david, energy regulations haven't helped energy s

gary kaltbaum and veronica dagher are back with us.taking their job seriously as it pertains to shareholders or good of their company, i don't know what the end, everything was flying by so fast in the press conference but there is something to be said for that. he, by resigning, for what they say is personal reasons, they risk the ire of the president. they also give up a seat at the table where they have an impact. david: bingo. melissa: an impact on what is going on. seems like their duty is to the shareholders and they're not serving them well. >> really complicated situation the ceos are in. as you said, if they back away from this, they risk the anger of the president, and that president has a direct impact on their business going forward, could be regulation, taxes, what have you. also on the flip side though they have some consumers who are angry with them for staying on this council. they may protest them. they may boycott the company. they're doing this calculus and seeing what is best for them. it's a tough situation to be i

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gary kaltbaum, from kaltbaum capital management and also a fox news contributor and bob cusack from "the hill." good to see you both. gary, was there a bounce-back or in connection with what the president said and how he said it last night? >> a combination of market being oversold, a lot of negativity built up last week. getting away from the real bad week for the president last week, looking much more presidential last night, that did not hurt. believe me what happens and emanates out of the white house does matter to markets. when you get the back and forth like we've seen last week or two, good to see something a little bit better. the markets did look at that today. david: a presidential demeanor, bob, could help the president get his agenda passed. we'll talk about tax cuts in a moment but what happens if tonight that whole presidential demeanor is wiped out by revert, how shall we put it more campaign-style donald trump? >> yeah that is the big question. he has to keep the momentum, continue to turn the page from his response to charlottesville. that was very, very tough week f

today's market panel, gary kaltbaum from kaltbaum capital management. also a fox news contributor. nore hawkins from tematica research. gary, recovered a little bit. down 33 on the dow. nasdaq went down much further. will tomorrow be a better day or will things get worse? >> i think the market is in good stead. it's a little overheated here in the short term so maybe it pulls back. leave no doubt, when you talk about fury and the world has ever seen, people have this idea of hiroshima. all of sudden you get all worried about something like that. definitely north korea is in play to a certain extent. i tell you overall the market is okay in here. i haven't seen anything that tells me we're getting in big trouble anytime soon. david: lenore, this is tough president. a lot tougher than his predecessor. probably tougher than george bush was. is that helpful? is that seen as a good thing by the markets or not? >> i think what will be tough for the markets we don't really know. he sound tougher. he talk as lot tougher but also had a much more volatile administration so far. we really don'

gary kaltbaum, from kaltbaum capital management. also a fox news contributor. thanks for joining us. veronica dagher from "the wall street journal." host of watching your wealth. thank you both for being here. gary, let me begin with you. we saw a remarkable turn around on the dow today. why is that? >> first off the market right after the close yesterday was down 100 because of north korea but they have been sabre-rattling forever and when the real world opened up this morning market defended at some support levels, sellers took a powder, buyers came up. you have to remember, north korea is little event that happens every now and then, unless something really big happens i don't use it in the equation when i'm investing. ashley: you know, veronica, almost like august is the last week of summer. almost like in a situation like this, we have perhaps a black swan or two events. sell now, ask questions later but that didn't happen. so is buying on the dip in the market kind of ingrained into investors mind right now? >> for a lot of people i think it is. people had

gary kaltbaum joins us as well as mark madsen. gary, we're off the lows. secretary of state rex tillerson calmed people down a little bit, even before his comments we weren't down a ton. as i said disney has more to do with it than anything else at least on the dow today, so what do you make of that? >> look, bullish markets are hard to get hit to the downside, simple as that. something with north korea doesn't do anything. you have got to realize interest rates are still low. there is printing of trillions of dollars across the grown. earnings are pretty decent when i scope through. you have stocks like boeing that was moonshot on earnings as well as a few others markets are good stead. i'm not worried so much. connell: what is the read, mark, that market participants are making calculation this is a lot of talk about north korea, but as we all hope there won't be any action but is there a bet there won't be any action? is that it? >> anyone that tries to predict the future is foolish because no one can do it. my message to investor don't worry about goin