evening i'm charles payne and you are watching making money first i've got to say many thanks to john layfield for keeping my seat warm for the past two days as everyone sent on twitter it was not an easy job to do. let's dive right into it a lot of fast moving developments the latest on the trump bannon feud and also of course the bomb cyclone slamming the northeast bringing dangerous winds and heavy snow we'll have a lot more on all of that shortly but first we start with this incredible economy. the dow hitting another milestone closing above 25,000 for the first time ever for president trump, well roll tape. president trump: we broke a very very big barrier 25,000 and those that would say we wouldn't break 25,000 by the end of the eighth year and we're in the 11th month. we did in fact break 25,000, very substantially break it very easily, so i guess our new number is 30,000 but what it means is every time you see that number go up on wall street it means jobs mean success it means 401 (k) that is flourishing. charles: and i've got to tell you something this trump economy just keeps chucki

market watchers,gary be smith and john layfield. different markets, different reads. a bullish one.mith, how much credit do you give the president for that? >> a ton of credit. look, i think during the eight years we used to like to say on your show and on bulls and bears and others, it was the great malaise. seemed that obama was against big business. it was hard to grow. i think donald trump is almost exactly the opposite. except for maybe his stance on trade. i think he's very pro business. i think he wants to remove the government shackles. he's cutting red tape like no previous president. i think he gets a big and of credit for the growth in the economy and the market. >> neil: john, what is remarkable about it, the growth came well before the tax cuts. could be in anticipation of the cuts or could be the deregulatory push. be that as it may, it's a strong performance. some have a feeling that, you know, there's got to be a give back here a slow down here. we don't see it. do you? >> no, we don't see it. that's the scary thing. everything seems like smooth sailing. oil prices,

john layfield. let's move on to the president's controversial immigration statements. i spoke with former trump campaign chairman kerry line do you ski, i want to share what he had to say. >> this is fake outrage by the liberal left and the mainstream media who doesn't want to focus on the real issue, they don't want to focus on the fact we have a broken immigration system this president has pledged to reform. they don't want to focus on the fact this candidate pledged on building a wall in the southern border, we don't have i will lem immigrants coming across the border and killing american citizens. they don't at one time focus on chain migration takes up 44% of all of the immigration in the country. >> trish: is that it, this just one giant diversion? john roberts is at the white house with a look at how it's playing out, mainstream media having a total field day. >> well this if this is fake outrage it's bipartisan. the president is hearing about it from both sides of the political aisle. hillary clinton the late toast weigh in on the report, that president trump s

ok, really good to talk to you, paul layfield, tennis coach in hull.chdog says the planned takeover of sky by rupert murdoch's 21st century fox entertainment group isn't in the public interest. in a provisional ruling, the competition and markets authority found that if the deal went ahead it would give fox too much control over news providers in the uk. fox has been trying to buy the 61% of sky that it does not currently own. 0ur media editor, amol rajan, is with me now, the keyword is provisional, because it is not a final decision, and it does suggest ways around this. it does, and this isa ways around this. it does, and this is a complicated story, this is a significant moment but not the end of the story. this is the second time the murdoch family has bid for full control of sky, that was scuppered by the phone hacking deal. this has been mired in a readily to re process . this has been mired in a readily to reprocess. the former secretary of state referred it to 0fcom, like the competition and markets authority, said broadening standards is not a

smith, joan as max ferris and john layfield along with hadley heath manning. welcome to everybody.y b., you say the tax cuts will help the gop in those midterms. >> absolutely, and any time people feel richer out there, they have more money in their pocket, their job prospects are more. it helps the party that currently holds congress and it helps the presidency. look i'm firmly convinced that most people out there have been brainwashed by the mainstream media that this is a corporate- only tax cut. they won't see a dime. that's untrue the tax foundation has run scenario after scenario where the average person is going to get back two or $3000 and that's going help a great deal not to mention out there once the money is in the people 's pockets versus the government in the history of man kind, no one can say i wish the government had the money they spent it a lot better than i did. every tax cut we've seen all the way back to calvin coolidge has been beneficial for this country this one will do the thing. dagen: john, stocks on a record breaking run the s & p 500 has had its best p

smith, jonas max ferris, john layfield along with lee car and jessica carlyle. welcome to everybody. gary b., what would making individual tax cuts permanent do for every day americans? >> well dagen i think it's very simple. we've seen what its done for corporate america across-the-board whether you say it's the corporations or the people that work for these corporations, they've benefited in almost every metric and you went through some of them right at the top of the show. for the individual, the individual has not yet seen money back in their pocket but we've seen every time we've put money back in their pockets not by some tax credit but by cutting marginal rates like reagan did, like kennedy did and so many presidents down the line have done. it is a benefit both to the individual and because it's a benefit to the individual, it's a benefit to society too. the united states, we should make it permanent and what it does is the added benefit is it puts the government on a diet. they will come and say we need the money five years 10 years out we'll need the m

john layfield, scott what's going on here?s one of the fearsome areas that the market is looking at with respect to the tariff talk that is back on the table. the market had the similar reaction when the border adjustment tax was in play and looks like the market is starting to extrapolate this beyond the solar panels beyond the washing machines, full disclosure, we own a samsung washing machine, thank goodness we bought it in 2017, great product. extrapolating between the international components subject to tariff or tariff war with other countries. so to me it's the market overreacting to what i think president trump is saying is maybe the big talk, small stick with regard how he's progressing with this thing. i don't think it's much to worry about long term. neil: i don't want to assign more to this than worth the attention. looking at the 75-point sell-off or so right now. it is all the more noteworthy given we are up 150 points. carol, your thoughts on this and the dollar thing that got talked about today when we've seen

stuart: john layfield? >> there's not a recession on the horizon.art: now, dow tops 25,000, got it. individual investors, though, they pulled out about a trillion bucks from retail investor mutual funds since it started in 2012. d.r., that report suggests t the little guy who is out, is that accurate? >> i don't believe that was accurate, they didn't have hard numbers that 40% growth in etf's, i would say it might be double that and i think there's also much more activity with individual investors in individual stocks, mutual funds are dying, we can all agree to that, but the individual investor is not out. stuart: john. >> i hate to say this, there were a lot of individual investors that took direction from the mainstream media and when trump was elected president in november 2016, they got out of the market and now they really regret having done so. liz: 7 trillion. stuart: times did say there's a crash coming. liz: those guys are the risk to your wallet. stuart: got it. look at the price of oil, please, i think we are still around 61, maybe 62 bu

john layfield with me. look, you're a market guy, a money guy.econd, will you? are the democrats going to run against this emerging prosperity? >> they are. they're going to run on emotion. the congressman you had on from ohio, when you don't have facts, you argue on emotion. you talk about the rich getting too much, you talk about the wealthy guy in the corner office, and you run on populism because i don't think they can run right now on the economy. >> didn't get al gore elected. stuart: good point. go ahead, doug, go ahead. >> you know, both lizzie and john are right. the democrats have this anowing and, i think, ultimate -- annoying and i think destructive habit of running on populism. when a president is unpopular, when the republicans in congress are even more unpopular, it provides a certain degree of resonance. but in terms of resuscitating and revitalizing the party, you need ideas, and john is exactly right. the democrats started as a free market party that had a more expansive social safety net than the republicans. that's where they

let's get the read with john layfield, we've got dagen mcdowell back with us, dagen it was remarkable to see a world body that is poo-pooed, i don't know what french is but this is the same gang chasing those nute lla by the way but what do you make of that? all of a sudden they're trying to do deals with the president, get in photos with the president , squeeze in time with the president what happened? >> dean: america's open for business now with this massive tax reform and it's not just for individuals obviously. it's for the corporations, permanent tax cuts for corporations that also do business with all these other nations. last year, you had every major developed country growing simultaneously. there were 45 countries that were growing, so they understand that these policies that the president has shepherded has put in place are good for business around the globe, so there is a lot of as we say down south there's a lot of butt smooching going on. neil: danielle there was a time when democrats and hopefully we have the audio for this, where a thousand dollars was a lot of money a

charles: well thank you all very much and again want to thank john layfield for filling in and now the man himself lou dobbs is next keep it here on fox business. lou: good evening everybody. the president hasn't been in office quite a year, but he's already accomplished much, much more in fact than any president in modern american history defying the established national media, leaders of the right and left, the dems, the deep state, everywhere you turn, committee investigations go on. inspectors general go on with their investigations and so to the special council of course but the deeply entrenched dems and deep state, tenaciously hold on to their power over the federal government and still, make no mistake about it, still rule the swamp that is washington d.c., but there are positive developments, at least they seem so. for example, new reports tonight that the department of justice has caved into pressure from the white house and is now reportedly reopening the investigation into hillary clinton's use of a private e-mail server. about time you say? you're exactly right. but what i

so much for having us in your homes, thank you for watching, john layfield is here now with making money. take it away john. >> thank you e-mac still filling in for charles payne keeping the chair warm for you you're watching making money. a second straight day of record wall street trading on wall street with all of the major market averages posting record closes following positive economic outlook from the federal reserve minutes. we'll dive into what those numbers mean later in the show but first, a war of words is heating up between president trump and his former chief strategist steve bannon. the president slamming bannon earlier today after bannon criticized the president's son donald trump jr. and accused him of all but committing treason. for meeting with the russian lawyer in trump tower during the 2016 presidential election. adam shapiro joins us from the white house with the latest on this battle. adam? adam: good evening it was the meeting between donald jr. , jared kushner, that lawyer tied to the russian government, that really is in focus here, because steve bannon in his

all right in the meantime, the read on all of that from some of our pros john layfield, we've got adrian elrod and gary b. smith. i promised you we would be harkening back to the great shows that brought us here including bulls & bears, cashing in so many more, so we're going to continue to mix and marry our historic winners here to put in perspective the stuff that matters to you so john layfield, looking at that, and what you're seeing, you always wonder about an uninterrupted run. we've had an uninterrupted run here in a market that is yet to see so much as a 5% cstruction does that part worry you? it does. look, and people starting to look for negatives it's hard to find negatives right now and that's one of the scary things about a long market this is the second longest bull market the 90s being the longest bull market in history and i think right now people are starting to worry just to worry. there's not any event on the horizon unless there's a geo-political event in north korea or pakistan, there's not a geo-political event anything on the horizon or event horizon that looks to

that does it for us, thank you so much for having us in your homes, thank you for watching, john layfield now with making money. take it away john. >> thank you e-mac still filling in for charles payne keeping the chair warm for you you're watching making money. a second straight day of record wall street trading on wall street with all of the major market averages posting record closes following positive economic outlook from the federal reserve minutes. we'll dive into what those numbers mean later in the show but first, a war of words is heating up between president trump and his former chief strategist steve bannon. the president slamming bannon earlier today after bannon criticized the president's son donald trump jr. and accused him of all but committing treason. for meeting with the russian lawyer in trump tower during the 2016 presidential election. adam shapiro joins us from the white house with the latest on this battle. adam? adam: good evening it was the meeting between donald jr. , jared kushner, that lawyer tied to the russian government, that really is in focus

evening i'm charles payne and you are watching making money first i've got to say many thanks to john layfield keeping my seat warm for the past two days as everyone sent on twitter it was not an easy job to do. let's dive right into it a lot of fast moving developments the latest on the trump bannon feud and also of course the bomb cyclone slamming the northeast bringing dangerous winds and heavy snow we'll have a lot more on all of that shortly but first we start with this incredible economy. the dow hitting another milestone closing above 25,000 for the first time ever for president trump, well roll tape. president trump: we broke a very ve

stuart: joining us is john layfield, the ceo of the layfield report.ut this than i do, but this looks to me like the explosive phase of the rally. surely that's where we are, isn't it? >> i hope it's explosive. it certainly has been. people's 401(k)s and stock period of portfolios certainly make people feel good. when over 70% of gdp is consumer spending, that has a significant effect on the consumer and the economy. i think what you're seeing right mow is the global sink in growth in gdp. the eurozone has the lowest unemployment since 2009 at 8.7%. now, it's very bifurcated from 3% in germany to 20% in greece, but still it's at a low of almost eight years. and you have right now economists, according to the latest "wall street journal" poll, only 13% see a recession in the next 12 months. it looks like unless something crazy happens, north korea, we have smooth sailing for the next two, three years. stuart: i want to go back to peter for a second. i know you're an economy, but look at the market for a second. is there any reason to think we're going t

joining us now, ashley webster, elizabeth mcdonald, john layfield and brian brenberg. i will start with you, john. wal-mart deal is a big deal for stock because it's a big deal for the economy. >> i agree completely. wal-mart is the largest employer in america. also consumer strike over 70% of gdp, giving money back to consumers. this is what she will pop in with the tax package and potential repatriation of money. happening with wal-mart and other companies that does affect gdp in a positive way. liz: r. vos pointed this out, and helps wal-mart's own bottom line because field workers spend a lot of their own paychecks at wal-mart. because why is the stock led down? $400 million charge. stuart: okay, fine. trade very waste management announced they were going to give up bonuses and benefits in the long run because workers could invest it in the economy. the economy grows waste management business. a win-win situation. >> critics say this is a one-time thing. i like it because it's a signal of what's coming over the long-term. more raising wages, good news for workers.

john layfield and i talk about it a lot, who i think he's a good longstanding ge owner.in ge -- just like in retail, and we talked about this on the show on tape in december -- [laughter] things were getting so bad, they were talking about breaking it up, cutting thetive tend, and it's going to go to 15, it's just not quite here yet, but we're searching for a spot to get into ge. stuart: we hear you, scott martin. thanks for joining us on an historic bay day. see you again soon. >>> now this, last week we shared the story of a couple of high school students who made a hundred thousand bucks mowing lawns. they own green works landscaping in colorado. today we're joined by the founder, he is 17 years old. kelly ward will be with us. she's running for jeff flake's senate seat in arizona, and she's taking on senator flake for comparing president trump to joe stalin. she's with us shortly. >>> and with the possibility of a government shutdown looming, president trump calling out the democrats. more on that in a minute. >>> and, of course, we're following the big story of the

john layfield, and the chief global strategist, first to you. been more wrong but i think he let his ideology run his head. >> a cheap shot by the president, he is an economist and economists are always wrong. >> that is a fair point for the president to make, he got it totally wrong, he was a columnist for the new york times, still is. >> pre-2000, national trade, and his nobel prize, since 2000. stuart: you are wrong yet again. he got a nobel prize because he consistently wrote nasty articles about george w. bush and those folks in norway and sweden who give this prize are on the left, constantly on the left, they love him for his politics, not his brilliant economics. >> any straley an economist, krugman -- stuart: hayek got the prize in the 1950s when they felt differently in norway and sweden. >> i am not so sure they did. they give it to economist and some conservatives. there is a wide group of that. stuart: you can stay. >> krugman is dead wrong. >> some culpability for this, so little fact checking in the media now people can say what t

we can speak now to paul layfield, who is a coach at kyle edmund's former tennis club in hull.ot seen the end of the match, because i am staring at the camera at the moment but we are absolutely over the moon. and then you had to listen to us talking about at all and you have not been able to see the final point. have you been able to see the rest of it? what have you made of kyle ‘s performance this morning? rest of it? what have you made of kyle '5 performance this morning?m has been fantastic, i have had it on the radio ready much all morning, and have been to help with the bbc and have been to help with the bbc and stuff and it has just been fantastic. well deserved. i mean, he has had a long journey to get there. it has been small steps, but he thoroughly deserves everything he has got. in the last time he met dimitrov, he was pushed to the very end, wasn't he? does it come as much ofa end, wasn't he? does it come as much of a surprise that he has been able to ove rco m e of a surprise that he has been able to overcome him and is through to the semifinals of the australian

smith, joan as max ferris and john layfield along with hadley heath manning. welcome to everybody.

smith, jonas max ferris, john layfield along with lee car and jessica carlyle.en what its done for corporate america across-the-board wheer