ashley webster, liz macdonald, shah gilani and keith fitz.rket, the open of tax cuts or strong profits? keith fitz? >> a little of both. the end traders are rushing to be a part of the problem. my concern, not to be debby downer, there will be profit taking in the next 24, 48 hours. stuart: thank you. [laughter] >> and 21, don't want to be debby downer. are you in seattle where it's raining? yes, i knew you were. [laughter] >> is it profits or the hope of a tax cut, shah gilani? >> i agree with keith. i'm not the debby downer, but both under the tax cuts talks the other day boosted the market and that began the push higher. earnings are coming out great and the combination is the one-two punch taking them higher. >> if profits were not up 11% so far from last year, this market would know the be at 21,000. >> absolutely not. because it's pretty expensive based on revenues and earnings. yes, we need profit growth and i would add a third element, which is the economy. the economy is showing signs of strength, not only consumer sentiment, but hom

keith fitz joins us, keith fitz-gerald. the polls were wrong on brexit and donald trump here. could be wrong on the electn inrance as well? well, that's always the question here, what i find interesting here. and macron is a centrist and that's not a term you hear often. what the markets tell they didn't get the extreme left-right and that's good for your money. stuart: i'm sorry, liz is coming into this for a second. liz: hi, keith. stuart: good morning, elizabeth. liz: good morning. stuart: you've got numbers from macron, he wants to spend a ton of money, he doesn't want austerity. liz: he wants a fund, he wants to push back on the imf, which is trying to restrict spending and help to bail out entire countries, like greece and sec force in the eu. stuart: and that's why this market is up, keith. >> bingo, because, you know, if you take away the punch bowl before the party is started you'll have a bad party. what he says, hey, we didn't have enough punch, let's go all the way to the races on this. that's bad, as we know for capitalism, but good for the markets right now. stua

stuart: we're ten minutes into the trading session, say goodbye to keith fitz and scott shellady, if keith for being with us at all. and check the market and the big board, now we're down to a 12 point gain for the dow industrials. we've opened flat, new week, new quarter. next, will we get the repeal of obamaca obamacare. and it's hard to say, certainly discuss it. in the 10:00 hour, why one coal company chief says that president trump cannot bring those coal mininjo back. more varney after this. ♪ [phone ring] hello. hi, it's anne from edward jones. i'm glad i caught you. well i'm just leaving the office so for once i've got plenty of time. what's going on? so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. thanks. yeah. that would be great. we've grown to over $900 billion in assets under care... by being proactive, not reactive. it's how edward jones makes sense of investing. >> all right. more on that breaking news from russia. reports of explosions in st. petersburg in the subway.

keith fitz-gerald, art laffer and todd horowitz at the cme. unning theme, tech stocks leading the market. let me start with that, keith. i asked you countless times, do you see any reason to sell any of them the big five right now? >> no, i don't, stuart. the average investor could double their allocation to tech, stuart, and still not have enough. this is all about the future and services that will augment our lives, not just the gee whiz ng stu erybody thought about in the past. stuart: art laffer, am i right in saying anybody who owns any stock has a little piece of the beg five so everybody is moving up with this? >> that is true. everyone has a little piece of the big five. i am big investor personally in tesla. i think it is an amazing technology what they're doing. i couldn't be more excited than i am. stuart: plans to sell? >> worth more than ford and gm, both of them. stuart: any plans to sell any technology headings, art laffer? >> i'm too old to sell. i'll holding forever. stuart: todd horowitz, come into this please. you're a commod

stuart: scott shellady and of course, keith fitz-gerald. rnings season kicks off, here is my point, i'll start with you, keith. if we don't get overall a 10% rise in earnings, i think this market's got trouble. what say you? >> i think so. i don't necessarily think that the market's actually at 10%, i think it's 9 1/2 or 8. here is the thing, the bar is so low, it's laughable. that's what corporate financiers engineered six, seven ago. >> the expectations, it's kind of r rigged to start with to some degree? >> it's like betting on a horse race after you know the results and that's what investors don't realize, you've got to go with the companies that are logically going to do the right thing. stuart: okay, scott, what do you think? i'm satisfying -- i'm saying if we don't get 9, 10% jump in overall markets, what say you to that? >> i may be debby downer, we might get your number or better, but look what we've got as of late. no inflation, very low growth, missing expectations. those two have to be a lot bigger. that's the problem of the even