i'm gary kaminsky. trish: i'm trish regan. here are some of the rally aftereffects from donald trump. scaling back the dodd-frank banking bill. banking sector is the big gain sense donald trump won the election. gary: bob diamond the former barclays ceo. an excellent tweak review everything that happened in washington and why the bank stocks have reacted so favably to what is happening. >> if you look at the equity valuations of global equities without financial rvices since the crisis. equity prices are up 100%. until the selection, financials were down 20% to 30%. so you are starting with a phenomenal valuation discount. that's why i think this will be sustainable for a while. i think discussion of rolling back the parts of regulation that have been not effective and by no means am i a proponent of rolling back all regulation. we can see there are portions of this that have been costly and ineffective and slowed the growth of banks. i think there is some wind in the sails here. trish: you couple that are higher interest rates

i'm gary kaminsky. trish: i'm trish regan. trish: u.s.asury secretary steven mnuchin laying out an aggressive tax timeline. >> tax tree form is our number one objective. it's critical to get economic growth. there is trillions of dollars offshore that will come back and this will create jobs and investments and we need to make sure our u.s. businesses are competitive. gary: any growth wouldn't come until 2018. our first guest is dan skelly. dan, the meerkt is optimistic about a tax plan that's yet to be unveiled. mnuchin talked about the hopes to have this plan passed in august. are you starting to get worried this could get bogged down because the expectations are that this would have been sooner rather than 2018 impact. >> it's coming on the back of a decade of having very little fiscal spending. we could see some volatility in the middle of this year. but we think the tax deal gets done. we think the market can grind higher afterwards. trish require doesn't matter -- trish: it doesn't matter when it gets done as long as it's done withi

i'm gary kaminsky. liz: i'm elizabeth mcdonald. wall street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and medium-size sphd businesses and entrepreneurs. today banks do not lend money to companies. banks are forced to horde money because they are forced to shored capital and they can't take any risks. gary: powerful stuff. lots to get into. who to ask, bob doll and dan shaffer. this is wh the market want the last two weeks. the market goss did friday morning -- got it friday morning. > we need to continue to see regulatory rollback. financial stocks will continue to do well if we have economic growth, higher interest rates and rolling back regulation. gary cohn said we need a healthy banking system. liz: the banks are like in a mini ice age. it was stranding the rust belt 2,000 guys and investors. gary: that means they are hoarding the cash. th

gary kaminsky next on "countdown."with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insurance liz: be sure to watch "wall street week" tomorrow night 8:00 p.m. eastern right here on fox business because the guy who is the host of the iconic show, gary kaminsky will break some big news. tomorrow will be a big market certainly. today, groundhog day, you saw punxsutawney phil. >> yes. liz: so humiliating when they yank the little creature up and all of that. he said spring is not around the corner. so what is groundhog gary predicting for the next six weeks and six months? >> first of all the staten island groundhog said spring is around the corner. we have a little bit of a miss match here. liz: we're quoting staten island chuck. >> he is better. >> melissa i had said he is better. markets echo my good friend charles gasparin

co-hosting "wall street week" with my friend gary kaminsky. tune in at 8:00 p.m. eastern. we'll interview barclays ceo be bob diamond and former omb director for reagan david stockman. they have a lot of thoughts on potential tax cuts from donald trump. do not miss it. liz has you covered. see you at 6:00 p.m. on "special report" tonight. liz. liz: great breaking news out of ford in a second. trump taxes and trade talk driving wall street to new record highs again. remarks with today's news conference with japanese prime minister shinzo abe driving markets to the peak of the session and even higher. we're pulling back in last couple minutes. we're up 94 points for the dow. president trump all smiles as he and abe extended a budding broman between the two men and nations. committed to bringing u.s.-and japan's relations closer. what about closing the massive trade camp between two countries. japan gets better end of this deal by how much? you might be stunned. they are headed aboard air force one to joint base andrews to mar-a-lago. what can the u.s. really get from japan i

eastern, i am hosting with gary kaminsky.he's fine with removing some of that load off the small and regional and community banks of the onerous rules. let's see what the chairman of midsize bank signature bank says. you guys got swept up into this regulatory nightmare as well, did you not? >> we did, and especially being a midsize bank, many of the rules that were applicable to jpmorgan and citibank were thrown upon us. liz: which is really ridiculous. it's funny, the road to hell is paved with good intentions, dodd-frank intentions were let's never have the crisis happen again. with one size fits all, you were swept in and ensnared. what's the worst part of the ensnarement? >> first of all, everybody involved in crafting dodd-frank, all the democrats in the house and the senate side as well, thought there would be a second bite at the apple. they knew there were mistakes and thought they would fix it. what happened was senator kennedy passed away and the law became fossilized. no changes could be made. nobody in the world t

coming up gary kaminsky. omy, with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov liz: former fdic sheila bair on wall street. with gary geir kaminsky joining me now. this market is surprising a long-time market participate pant like you. >> it is. talk about the press conference. without giving opinions what it said, the market doesn't fluctuate with volatility when you see this. we have strange things happening even the best investors i talk to every day are scratching their heads. liz: you're saying this was push me, pull you, news conference you would have expected wild swings and we're basically hugging the flat line? we could see another record for the dow jones industrials for two minutes? >> market seems to price in the tax cuts and deregulation, regulatory eliminat

i'm gary kaminsky. liz: i'm elizabeth mcdonald.l street cheered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and

i'm gary kaminsky. trish: i'm trish regan. trish: u.s.ry secretary steven mnuchin laying out an aggressive tax timeline. >>ax tree form is our number one objective. it's critical to get economic growth. there is trillions of dollars offshore that will come back and thisil

i'm gary kaminsky. trish: i'm trish regan. some of the rally aftereffects from donald trump. scaling back the dodd-frank banking bill. banking sector is the big gain sense donald trump won the election. gary: bob diamond the former barclays ceo. an excellent tweak review everything that happened in

i'm gary kaminsky. liz: i'm elizabeth mcdonald.eered the news that president trump is rolling back dodd-frank regulations. >> the biggest thing that we have to fix is that we have to get the united states banking system working again. we need to make capital available for small and

i'm gary kaminsky. trish: i'm trish regan. trish: u.s.ury secretary steven mnuchin laying out an aggressive tax timeline. >> tax tree form is our number one objective. it's critical to get economic growth. there is trillions of dollars offshore that will come back and this will

i'm gary kaminsky. trish: i'm trish regan. here are some of the rally aftereffects from donald trump. scaling back the dodd-frank banking bill. banking sector is the big gain sense donald trump won the election. gary: bob diamond the former barclays ceo. an excellent tweak review everything that happened in

trish: tonight everyone, i'm co-hosting "wall street week" with my friend gary kaminsky.0 p.m. eastern. we'll interview barclays ceo be bob diamond and former omb director for reagan david stockman. they have a lot of thoughts on potential tax cuts from donald trump. do not miss it. liz has you covered. see you at 6:00 p.m. on "special report" tonight. liz. liz: great breaking news out of ford in a second. trump taxes and trade talk driving wall street to new record highs again. remarks with today's news conference with japanese prime minister shinzo abe driving markets to the peak of the session and even higher. we're pulling back in last couple minutes. we're up 94 points for the dow. president trump all smiles as he and abe extended a budding broman between the two men and nations. committed to bringing