this is "bulls and bears," thank you for joining, i am david asman, today, jonathan, liz peek, gary kaltbaum, and zachary. usmca and china trade deals are give a big boost on the economy, commerce secretary wilbur ross telling fox business together they could bring in extra two trillion in trade. are investors on right track or maybe are they over shooting on this? >> i have always been a big believer that price is prality -- reality, so, i think that there is a rhyme and a ryan, re. massive liqui liquidity, cash oe sideline, seasonality. accelerating economy and in earnings combined with uncertainty come off the table on trade, that good news, it is being reflected in a sizzling market sphwhr. >> i agree with gary, i think we'll seest middle east estimath high either year. i think we'll see that escalate. by the way also retail sales same in for december, this morning, up almost 6% year-over-year. and i think that is another very good sound on what is happening to the u.s. consumer, that is the driving force. >> look, the absence of continued trade tensions or pause, with china is a good th

joining me on panel, steve moore, steve forbes, gary kaltbaum, and robert wolf. let's head to hillary vaughn at the white house, we brought upward peaceful, but yet we heard sirens and reports of bombs in baghdad, can you tell us what is going on? reporter: from our colleague. trey inyingst. >> baghdad respecting rocket -- reports rocket fire in the green zone, this is what they were concerned about. it inclaims tensions between iran and the u.s. we'll see more of the small activity now near baghdad and the middle east. in response to this the foreign policy team that white house sent to capitol hill to talk their decision making through with lawmakers, they did not convince the two most powerful democrats in congress, senate minority leader chuck schumer and house speaker nancy pelosi. the president's team secretary of state pompeo, defense secretary esper and director haspel just finished briefing lawmakers behind closed-doors, but some say that the meeting was cut short. >> there were so many purpose it questions they did not answer. we did not see a plan, a s

this players players, thank you for joining us, i am david asman, joining me on the panel, gary kaltbaum, liz peek, zachary and kevin o'leary, we look at this "new york post" front page cover. and call regime the real enemy. straight to benjamin hall, he is? ohoman jordan. melissa: protests have been spreading through iran over the weekend today, they are in 17 different provinces, the anger is growing since the government admitted this shot down the plane with 176 people onboard, most iranians, thousands took to the streets, it reported that riot police have used live fire and tear gas against them, pools of blood could be seen on the ground. secretary pompeo warned the iranians to not harm protesters. >> you can see it, the iranian people are in the streets. they are like wise in in astounding numbers inspite of personal risk to themselves. they are burning posters and billboards with soleimani's face on them, chanting soleimani is a murder, they know he was one of key architects of their oppression. reporter: remarkable scenes at one university, students avoids stepping on u.s. and is

charles: you should talk to gary kaltbaum to get the best restaurants. your assessment of the fed statement. >> no surprises whatever sorry. the most important thing for me is what the market rates are doing at 10-year at 1.6. the 30 year is almost under 2%. charles: explain why that is very important. >> cost of capital very low. amortization 30 year mortgage versus 8% where it is under now 4%. that is a ton of economy saved by consumers. businesses are able to float bonds at ridiculously low rates. this is good for corporate america. it is good for the consumer and as long as it stays low i think we're in good stead. the fed is doing their not qe, i which i was asking questions of him, that is helping the market in a very big way. i suspect it will continue going forward. doesn't look like they will stop anytime soon. charles: jeffrey cleveland? >> charles, let's not get lost in the minutia here. the big picture, monetary policy is easy. it will remain easy for the entire full year 2020. that is the dak drop for investors, this whole qe, no qe thing is

. >> this is gary kaltbaum, i have to ask a depressing question.have not only heard some democrats intimate another impeachment hearing but say if president wins another election in november they would look to impeach again is that a possible possibility if they keep the house. >> there was a question posed a couple days ago to schiff about whether they would continue to do things right now, maybe not next year. he said we'll focus on the trial, he sidestepped that slightly. hoyer indicated maybe it was on the table. to try to sou -- subpoena john bolton that is still a wild card, it might enhance the chances. there are a number of other investigations that house democrats would like to pursue, looking into issues of mick mulvaney, and you know don m mc-- don mcgahn issue, there is a reason you to these investigation, one is oversight but other is politics. >> would they really wrap the trial without hearing from first hand witnesses in the room, for months g.o.p. said we have mulvaney and bolton. it tribal i know, root for your team, but if justic

liz peek and gary kaltbaum both fox news contributors. gary, start with you.r? >> the way the stock has moved over the last year i am listening for if they have a real big beat and big guidance going forward because over the last year earnings have been flat, revenues have been flat. i'm just wondering if these valuations are going to keep the stock in good stead. good news last couple months guidance has been moving up, the numbers are getting better. how much better we'll find out real soon. melissa: liz, i'm interested in wearables, how about you? >> everyone is excited about the wearables because the airpods were an enormous hit since they were rolled out, the high-priced ones in october. so that will be a big part of the story. investors will want to hear about stock buybacks. also of course, we're all going to be wondering whether apple has any insight into what the coronavirus virus means for production supply chain. there are so many questions right now. lots of positives but the real, the issue is the stock has been gangbusters up over 100% the last y

. >> this is gary kaltbaum.know that we have to answer hostile actions and have we to get there, send more people, descrow andohave you any feel ft trump on his red line in really trying to do something in retaliation, if iran takes this any further. >> a great question. we actually have a good track record of how trump responds in crisis. and the red line for him appears to be, if you go directly after u.s. people, not a drown, but you kill or threaten americans that is katy bar the door. when the the u.s. responds to, that whether it is you know gassing innocence in syria or killing an american contractor in iraq, u.s. response is proportional and restrained. president seems consistent in that. then you the u.s. has warned in iranian do more u.s. will respond more. but i don't think it will escalate. >> james, reason that people have been thousands of people been marching protesting in iran, is because of mullahs have taken money given to them by obama administration and used it liberally to fund the militia a

this "bulls and bears," i am david asman, joining me jonathan, liz peek, gary kaltbaum, and zachary. as the trump economy roars ahead with record job numbers, a booming stock market and wage growth, particularly among the blow collar workers,ureio zone -- eurozone economies are just limping along barely, 1% or less, and unemployment rate hovering when 7.15%. will the self-proclaims generouses at davos find something that works, we brick in liein lieu -- lou dobbs. >> you think that euros will listen. >> i think they are paying attention and globalist elites, are beginning to question some of the assumptions that has gripped the eurozone for a long time, i think they understand the price they are paying with the systems they have chosen. and that to see a business friendly president, in a wide open capitalist free enterprise economy, is probably creating some considerable envy right now. >> excepts there europe you have a obey sans to green parties, one thing they seem to be unable to do is confront that. the problem have to do with power costs 5 times when ours are, they are not frac

ashley: here now to talk about all of this, gary kaltbaum, kaltbaum capital management president. also a fox news contributor. gary, we're getting into the earnings season but i want to get back to a point you make often. this melt-up continues to go on. that there doesn't appear anything at this point we can see at least to prevent this from going on. is that right? >> not with what we're seeing out of central banks especially powell. i mean, i have been saying this for a very long time. when they are going at it, markets react to it. you're seeing it. the fact is earnings are starting to accelerate again. the economy is accelerating again. that is all good news right now. the one thing i would tell you, markets are about as stretched, extended, frothy as i have seen in quite a while. i would not be surprised to see pullbacks. had a chance off more tariff news, we came back at the end. notwithstanding nasdaq down. i think we're in good stead. i have no problems with finding new merchandise on a daily basis. ashley: interesting, very quickly, gary, the journal had a interesting pie

gary kaltbaum joins us now. ls like these corporations, i know there's been criticism of it, but they go out, they buy these -- their own stock and it's worked. look at apple, it's worked and it feels like they have a lot of dry powder right now. >> i don't know why anybody would complain about buy-backs. look, it's a corporation's right to do what they want. if they have a ton of cash, go right ahead. it does help earnings per share, it takes stock off the market and actually helps the stock. the one thing i complain about is when i -- there are certain companies i will leave them out of this conversation, that keep missing estimates, sales keep going down but yet they keep buying back their stock. looks like they are trying to engineer a few things. there's a difference between apple and some of these others out there. for me, to each his own. charles: let me help you. i did a case study on this. the difference between apple and a gamestop, which was buying its own stock -- >> that's different. charles: $56 a s

and gary kaltbaum. >> there no better combination than massive liquidity, a ton of cash on the side line, an economy that is growing and earning that are starting to reaccelerate. bull markets feed on themselve as greed picks up, let me tell you, i am a big believer not in the dow but in nasdaq and technology. it is en few ego --en fuego . >> i believe it has been a while since we had pullbacks. the more that continues up and up the more likely there will be a period of time, it could be 4 or 3 days where you have a sharp sell-off based on something. other factor, gary knows, that when you have interest rates below 2% and a lot of cash looking for returns equity look treve, yield on s&p 500 alone. dividend is above yield on 10-year treasury. it may be more risky but have you potential of significant upside. we in a good position for the markets, they are not the real economy or what goes on in the beltway. david: there is a way that work together, last week, i said after we hit soleimani particular him out, markets did not go crazy. there was a down movement. market saw that iran was a b

cody.com editor, cody willard, kaltbaum capital management, gary kaltbaum.n baseball this is murder's row. i couldn't ask a show to start off w talk to my old friend cody. >> good to see you face-to-face. charles: you too. down 200 points, made a reversal. sigh of relief from iran, no doubt about that. better trade deficit number. we had better ism service number yesterday. got a strong jobs report today. there is something to be said about the economic underpinnings in the market. >> there is a lot of momentum in the market, that has been carrying over into the new year. absolutely, i had looked back three or six months ago, there had been a pause among executives and fortune 500 companies around the world were considering, hey, we got the trade war, we've got these tensions, china, u.s., what are we going to do? there had been a pause. they actually started getting ready for this year, moving that money, getting investments again, capital expenditures getting serious and i think this economy is starting to accelerate this year. charles: makes 300 times ave

connell: the great gary kaltbaum is nodding his head.ws contributor. hillary says changing your password would be a good place to start but what about this idea, you take the safety coming along with having a security camera, put up with the idea, maybe i will be hacked. as melissa says, forget it, i'm not even going to bother? >> to each his own. i think we should go back to the two dixie cups and a string at this point in time. every time we come out with a new product, they say everything is safe. all of sudden it is hacked or something else is going on. i got alexa as a gift. it is in my closet and covered with clothes. anything with a camera, anything with an ear i don't want have anything to do with it. connell: you're concerned about it. other people think the other side. >> being. connell: the odds of this happening are tell really really low. i get out of whether it is with ring or are axe is a. >> you're talking about somebody hacking into the camera of a 8-year-old owes room if that is my kid i am scared you know whatless. i'm

connell: that is more than gary kaltbaum on "bulls & bears." >> just about.m some things. this is ridiculous. this guy is ridiculous. amazing he was holding a banner to get rid of donald trump when in fact he had a past like this. this is coming out. he is innocent until proven guilty. let's see, he has quite number of people want him out. connell: what is on the show tonight? >> we have one heck of a show at 5:00. curtis ellis, donald trump's senior campaign jobs advisor. he will talk about the trade deal. senator steve daines. he is interesting guy. he will be one of the jurors when impeachment process goes to trial in the senate. he lived in china for section years. he was working for proctor & gamble. he will not a lot whether they adhere to the new rules they are supposed to adhere to. whether they will cheat again. we'll talk to senator daines. which is more important for americans, trade deal or impeachment? connell: we'll see you at top of the hour with that and more. david, good stuff as always. >> thank you. >> three strikes and you're out. how the

this players players, thank you for joining us, i am david asman, joining me on the panel, gary kaltbaumw york post"

this is "bulls and bears," thank you for joining, i am david asman, today, jonathan, liz peek, gary kaltbaumon the economy, commerce

let's bring in market watcher gary kaltbaum. look, i'm calling it a retreat, gary. you think that's another positive for the market? because i do. >> you know, when it happened, it wasn't a negative. i'm not so sure it's a big positive. let's just say it doesn't hurt. we have had momentum for the last two or three months so as we head into the new year, there's a lot of cash on the sideline. you now have china with another $100 billion of stimulus. you add it all up together, we are continuing the bull market we had and let me just say a sensational bull market last year. stuart: it really was. i can't remember a year quite like it, maybe the late 1990s, it was about the same, certainly on the nasdaq. but look, is it okay to say we are starting the roaring '20s or is that getting a bit ahead of our skis? >> i think ahead of very big skis. look, i'm all for it, i hope the markets keep going up, but we know that markets do get bearish every now and then, they do pull back. i promise you, we will have another bear market again eventually. i don't know when. all i can t

stuart: gary kaltbaum, as always, thank you. we'll see you soon.mber the show on your screen, on your screen now? remember this one? it was called part -- "party of five"? susan: yes i remember that. stuart: there is rao boot. the parents get taken by i.c.e. cabot phillips joins us about that. we'll break it down for you. >>> president trump heads to ohio for the first rally of the year. he will head to new jersey later this month. what on earth is he doing in new jersey? we're on that one. first to the deadly ukrainian boeing jet that crashes in tehran, iran. iran says the jet was on fire before it hit the ground. retired colonel kirk lippold joins us next. he was on active duty in the persian gulf in the 1980s. he is with us. hey, saved you a seat. this round's on me. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com stuart: another presidential tweet just coming right at us. i will read it for yo

investors are panicking about this they maybe learn from recent history not to get too panic it, gary kaltbaumoint bridge capital founder, hal lambert. gary what do you make of how the markets handle this from here? in the case of the bombing the saudi oil facility, you know, oil prices rocketed, stocks tumbled and it was short-lived, hours and i'm wondering whether the same plays out here or this has a lot of imponderables to it what do you think? >> it's just tough to kill bull markets neil. this is one of the strongest markets i've seen in a very long time. the nasdac is up 10% the last two months not to mention what happened last year, the s&p is up about 7% and the fact that we can rally off of this when we're overdue to correct, overdue to pullback is pretty darn good and even in a day liked to, i'm see ing some names breaking out to new nearly highs, of chipotle , things like that. you wouldn't think that would happen with oil speaking and things like that, so just we remain bullish at this juncture, and we're open to change but it looks like this is an event right now, pretty big event