gary smith, jonas, john layfield, hadley manning and chuck roach. welcome to all of you. let me start with you. what do you think of this? boost security no matter the cost? >> there will always be a cost-benefit analysis but this week events, hearts and prayers go out to those who are affected and staff people on capitol hill. i spent a lot of time on capitol hill and you can tell the mood there is very somber discouraged feeling and naturally so. we do need to ask if security measures for every member of congress are adequate, do they understand how to properly hold public events where security risks might be present but it is also a good time to reflect on the tone of our political discourse, whether we are fostering the type of opinions of one another that are healthy so this is something we can look in the mirror but it is a good question we have to consider across the political aisle if security measures are adequate. >> when you look at the situation it is a balance between trying to keep our lawmakers safe but at the same time they are supposed to be out with our

eventually we'll have the same luck as john layfield. danielle, the missing factor here is, if we have significant tax cuts, that is what changes everything, right? >> absolutely. you know, it's, i like to say that the market right now is trading on hopium. that is hopes that physical measures get passed before the end of the year. we have fewer distractions coming out of washington, d.c., and more action. but the stock market is definitely communicating that it still retains the optimism. bond market is throwing off a much different message. we saw probabilities for the september rate hike, despite what chair yellen said, the probability for this next potential rate hike in september decline to 18 percent. after her press conference. david: good stuff. quickly, robert. >> i think we'll see the rate hike in december. they will just dot balance sheet reduction until then. david: that has to be the last word. john, i owe you one. we have breaking news. thank you very much to all. >> gunshot. that's a gunshot. >> everyone hit the ground, tr

jerry b smith, max ferris, john layfield along with emily jasinski and jessica. welcome to everybody. is wall street telling main street there is no there there? >> absolutely. at this point, i am surprised that jessica has any hair. she's pulling it out. the icebergs would melt and nothing has happened. look at what happens during these presidential scandals. during the clinton-whiskey, the market went up and it went down during the nixon impeachment brouhaha but that was because everyone thought the entire democracy was on the cusp. now, people realize that yes, trump may have been naÏve, yes, maybe he thought he was dealing with someone that couldn't handle his backslapping and stuff like that and he underestimated comey but even if the very worst happened, the very, very worst and there's a part that 1% chance that trump got impeached to you what the market would say, we had plans, we still have congress and life moves on. this is a big nothing burger out there as much as the liberals wanted to meet their it's why the market has responded positively. dagen: i

neil: we're getting separate reports meanwhile, and maybe i'll bounce these off you, john layfield, thatying to get work done and that they might combine the health care measure, the fix with tax cuts into one bill. it's too early to tell, but that's would have -- that's onee ideas advanced and that they want to do it by july. that's what our charlie gasparino is hearing. what do you make of that and how that could change the debate? they're obviously trying to get this stuff through and passed sooner rather than later. >> yeah. i don't think it's going to happen. i think combining them is going to make it even worse. look, yeah, i think you have a potential with certa things like a corporate tax income deductio i think that's bipartisan. however, the republicans are the ones holding this up. they had seven years to do something, they didn't get anything on the president's desk. that being said, they need to get done what they can get done, and they want total reform which i don't think is going to happen, certainly not by july or august. if not by august, it probably won't happen until

if none of this comes to pass this year, then does john layfield have a different view of this market't believe it's going to come to pass this year, and i believe that is what most of the market is believing. the biggest thing as far as these big tech companies is the repatriation of money. if these guys can actually get something passed at a decent rate, you're going to see a huge acquisition spree going on, a lot of capital infrastructure spree. that's the biggest thing i think they can get done. i don't believe they're going to get health care done, and i don't believe they're going to get a full, comprehensive tax reform package. they need to pick which choose what they can do, repatuation and probably -- repatriation and hopefully corporate tax rate. neil: all right, tesla hitting an all-time high, not the least of reports that a streaming music service could be coming from the company. what to you make of what they're up to, what they're doing, their runup in the stock? what do you think? >> i think he's trying to get vertically integrated. he meaning elon musk. he did that wer

jerry b smith, max ferris, john layfield along with emily jasinski and jessica. street telling main street there is no there there?

come on in, john layfield. ogram from sunny bermuda, that this market just wants to go up. what am i missing? >> i think it does want to go up. look, i'm not sure about the corporate tax plan, when or if it's going to come, but we've had the best corporate earnings in the last six years, and i think that's what's driving all this. you had a very anemic jobs report this past week, but we do have historically low unemployment, and you're starting to see a little bit of wage pressure. and with the consumer 70% of gdp, that's a good thing. stuart: tell me about apple, because they're going to announce this siri smart speaker later on today. it competes with the amazon echo which has made a very big splash. do you think apple's joining the chub, a good club to join? what do you make of apple's stock? >> i own apple. i think -- yes, i think it's a good stock to own. i think one of the main reasons these tech stocks with a lot of cash have been so good lately is because of the repatriation that's probably going to happ

john layfield is with us. he -- john, first of all, comment on the overall downside move.little worried this morning. we have another downside move. is it the start -- they want to know, is this the start of something big? >> look, it's hard the make a prediction like that. i don't personally believe so. i'm leaving my money in the market, i'm advising other people to leave their money in the market. i'm not buying new stocks right now. the idea is competition. look, with the low inflation environment, the low interest rate environment, the only place to get appreciation for your money is the u.s. stock market. the s&p is yielding 1.86% right now, the ten-year's at 2.1, so dividend stocks have become de facto bonds in this low interest rate environment. stuart: what do you make of this, i believe this is a record, 44 percent of fund managers polled in a monthly survey, they say stocks are overvalued. now, that's different from saying stocks are about to plunge. they are saying these levels, overvalued. what do you say to that? >> i still don't see 'em selling significantly

joining us elizabeth macdonald jack, and john layfield now, we've got the market as of right now, the right now, we're right up on the verge of another record high for the dow industrials. is this this the second or maybe the third leg the beginning thereof of the trump rally? >> if you believe that tax reform is beginning to get done that depends on obamacare because of the way reconciliation works you have to get it done by september and then work on tax reform in next fiscal yore and definitely this is next leg. first leg was definitely that november, december run. after that you have corporate earnings taking off central bank were easing as well and i think now you're looking at the hope of possibly of a tax reform package getting done. so that's what it's all about . jakscht how is this the beginning of the second or o maybe the third leg of the trump rally? >> two conflicting item use look at. one, stocks are pricey relative to earn orings that tells you over next ten years your return might be a little bit below aj. but near term over the next year, markets don't die unless you

who is with us on a thursday morning to cover the market action, ashley webster, john layfield and scottt now, senate leadership meeting behind closed doors on health care. no market impact yet, but if there is news that they're making real progress and they're going to get something done, scott martin, i think that could lift the market. what say you? >> definitely, stuart. we've had this months of lull period here where nothing has been done. in fact, i would argue that the opposition in the house and certainly the senate has only risen. so, seeing some progress on health care here, with the notion that the president and paul ryan and others worked with the senate to get something in there for everyone is a great sign for the next big steps for this country, which is tax reform which needs to happen by the end of the year. stuart: john, would you agree with this? my premise is, if we see real progress in the immediate future on health care, just getting something done, i don't care what is done, getting something done, that's a shot in the arm for the market. >> absolutely. i 100% agre

gary smith, jonas, john layfield, hadley manning and chuck roach. welcome to all of you.

jerry b smith, max ferris, john layfield along with emily jasinski and jessica.