mark tepper still with us looking at his stock picks.c, this is obviously a trump play; right. less leg ration is good for the bank -- less regulation is good for the banks and michael barr stepping down and one of the biggest issues with the regional and specifically office space and exes if i cannily class b or c office space and potential issues there and pnc office space makes up 2.4% of portfolio and insulated in regards to that risk. stuart: why do you like target? >> i might be the only one. everyone loves wal-mart and hates target. it's a well known kind of sentiment issue surrounding target and that'll change. so the consumer should become stronger with trump in office and disposable incomes should go up, discretionary spending should go up. for the last few years, 06% of target's revenue come from discretionary purchases and only 40% at wal-mart. we expect that to become an asset going forward and consumers are spending more, there's a opportunity for that company to catch up to wal-mart. stuart: 138 on target right now. is the

mark tepper with me this morning.as going to ask you, why have stocks almost wiped out the trump bump? >> fortunately we're clawing back. stuart: say some of this is a trump bump? >> yeah, very possible. what you saw happen is inflation concerns moderated a bit and caused yields to come down and stocks are rallying and when it comes to part of the reason for this, the fade in the trump bump over the course of the last 30ish dayings or so, no one is real -- days or so, no one is talking about it but the fed duped inve investors and the fee in in september with the miranda warning bazooka rate cut of 50 basis points, that set expectations there were a lot more to come and turns out that wasn't true. the last one was a hawkish cut. second thing is biden the saboteur. to your point, your monologue you gave, he's going out, and he's trying to deliver worst case scenario to the trump administration. i mean, there was no reason so sanction russian oil for three years and 11 months. suddenly he sanctions russian oil because h

mark tepper with me to watch the market.e measures keep american leadership going many in a.i.? >> absolutely. and i think the first thing it does is it's very symbolic of what you see happening in the first few days of this trump presidency. priorities are straight. we are actually looking to focus on policy items that are going to grow the economy versus what we saw over the last several years with biden where the first things he wanted to do was climate change initiatives and things along those lines that actually slowed economic growth. but i this $500 billion, i think it's important to understand that there's a multiplier effect here. i mean, you're talking about people who are going to build the data centers. you're talking about an increased demand for if energy to power the data centers which fits into trump's drill, baby, drill initiative, right? i mean, natural gas is possibly the most immediate way you can get emergency to these data centers. watch kinder morgan after the the bell today. they have their earning, a

joining me now is capital advisor ceo leo kelly and also with me here on set is mark tepper. i am going to start with you with these markets. futures obviously are kicking off what looks like a strong day today. we are back open after the mlk day holiday and of course the inauguration. and it looks like investors are anticipating more to come from president trump's economic agenda as he starts his second term. now, he did announce an emergency price relief plan for american families ordering the heads of all executive departments and agencies to do the following, lower the cost of housing, expand supplies, eliminate administrative expenses and rent seeking practices that increase healthcare costs, limb nail requirements that -- eliminate the requirements that raise the cost of home appliances, create employment opportunities, eliminate climate policies that increase the cost of nooned fuel. you say typically the first year of a new president is the best for stocks but we've got this president. your reaction. >> look, obviously financials and energy have been doing very well si

mark tepper, caroline downey, great to have you both. that is it for me.stuart varney. stuart: yes, it is. good morning to you, cheryl. good morning, everyone. talk about off and running. he's been president for less than 24 hours, and he'

great to to see so you with, guys, mark tepper, joe borelli, thank you thank you so much for being hereve a great tuesday. dow industrials at the highs of the day, up 128. "varney & company" picks it up on that note. stu, take it away. t stu stu on that note, good morning, everyone.

and mark tepper doesn't think is going to be in a.i.ood friends, apple is the underdog and everyone thinks are not involved, watch out apple will be a big player but i also like alphabets undervalued i'm with keith this is not the bursting of the a.i. bubble it's the end of the nvidia monopoly is over there not only player in town and investors are to be more discriminating when they make investments. stuart: keith, if you are there lou agrees with you. >> lou is a smart guy we go back a long way, lou and i have thought the motherly about this stuff for more than a decade, the world is changing and you have the opportunity to change something in human history it'll change the course of our planet investing early and consistently lou will tell you straight up that is a path to profits days like that you hold your nose and waited anyway. stuart: good luck, thank you for joining us. a tough guy. the opening bell is about to ring, they're going to start trafolks are clapping and cheerg on a day when they're going to start way down unfortuna

two-year low after he left office, georgia the conversation already long strategic wealth partners ceo mark teppereryl casone. "mornings with maria" is live right now. ♪ president trump addressing the world economic forum today and davos said 11:00 a.m. eastern he will speak by videoconference with a short discussion featuring question for bank of america brian waiting and in annable teen among others, trump joining sean hannity for the first sitdown interview for the inauguration in the oval office, he discussed reconciliation in the importance of extending the tax cuts. watch. >> i like the concept of the one bill it could be something else it could be a smaller bill in the big bill but as long as we get to the right answer. i will say los angeles has changed everything. a lot of money is going to be necessary for los angeles. if they don't work with us on the trump tax cut extending that would mean the taxes will go up more than any tax hike in the history of our country but they will find us on that it's incredible they don't use common sense. in my opinion the democrats don't use common sense

. >> mark tepper do you agree with that. >> i do if you go through history typically the first year of's term is the best from the stock market performance standpoint of the four years but have a very there's a lot of physical outlay in the first year the incoming president as it relates to fiscal spending this seems to be different because president trump is coming with much work fiscal discipline you think i could her performance in the second half of the year as well. >> words about fiscal discipline are great were old enough to know that the politicians coming when it comes time to fiscal discipline the transition sometimes feels the part about history it's unusual to have disparate economic policies from the last administration to this one that's why i'm upping the ante from the changes so no chaos that might happen i actually think deficit and debt will come down under trump but i'm not positive the comedown right away that's part of inflation if inflation sticks around because of the tariffs you talked about them there a tool to bring people to the negotiating table i believe tr

the conversation morning long strategic wealth partner mark tepper and new york city council minorityjoe borelli "mornings with maria" is live right now. ♪ it's time for the hot topic of hour president-elect trump to meet with senate republicans in washington ahead of the return to the oval office in less than two weeks they will work on the parties reconciliation and past trump's agenda trump told hugh hewitt he's keeping his options open. i favor one villain running everything passed and there's some people that don't agree, my preference is one big beautiful bill. to do that takes longer. with that being said we get border work done a little bit earlier et cetera. but the border work we have a lot of money that we're going to be clawing back from the green new scam. i would prefer one but i would do whatever he needs to be done to get past and we have a lot of respect for senator thune. he may have a little bit of a different view. i heard other senators yesterday including lindsey talking about it, they prefer the other way. i'm open to either way as long as we get something passe

strategic will partner mark tepper and leadership institute guest faculty air could donald is here.ning so maria is live right now. ♪. maria: we kick it off with the hot topic of hour more senate confirmation hearings for president trump nominees in the spotlight fox news digital political correspondent axing men with the details. >> for more of president trump's cabinet nominees will appear, scott bessent for treasury secretary will begin his hearing at 1030 interior secretary nominee doug burgum epa administrator nominee lee zeldin in housing and urban development nominee scott turner will begin the day with their hearings at 10:00 a.m. eastern time, pam bondi is not out of the woods quite yet. on day two we will hear from witnesses for and against her nomination as attorney general. >> are you aware of factual basis with this cheney. >> that the hypothetical and i'm not going to answer that. >> were also worried about liz cheney. >> you know what we should be worried about is the crime rate in california right now. your robberies are 87% higher than the national average. >> your

morning long president zelenskyy and partners poster and arthur lee carter is strategic while partner mark tepper former federal prosecutor and actin secretary and pa here "morningsh maria" is live. five people are dead as five active wildfires devastate the los angeles area "fox weather" meteorologist live from the pacific palisades with the very latest. >> it is devastation in every direction, the pacific palisades this morning the dark of night, look at the size of the structure that is burned to the ground part of it is standing and there are flames coming from the center of it you may or may not be able to see that but smoke inundating this area over 17000 acres burned in the pacific palisades fire. remarkable 1000 structures decimated in the number may go up. five people unfortunately have lost their lives ended containment as we stand here right now because of the wind they were not able to get the choppers and planes up with 100-mile wind gusts that is category 2 hurricane force winds. look at the video from last evening that we captured as another fire ignited in the hollywood hills call

mark tepper, caroline downey, great to have you both. that is it for me. it is a new day, stuart varney. stuart: yes, it is. good morning to you, cheryl. good morning, everyone. talk about off and running. he's been president for less than 24 hours, and he's introduced what amounts to a revolution. the border, energy policy, climate rules, tiktok, 25% tariffs on canada and mexico starting february the 1st, we're out of the paris climate accords, we're getting out of the world health organization. federal workers will have to go back to the office. that is a lot. and wait for it, there's this too: white house press secretary the karoline leavitt says trump will make a major announcement this afternoon on infrastructure. the democrats guide divided and leaderless, don't know what to a make of all of this this, trump supporters are very happy. they danced at five inaugural balls. the president was cheered, first lady melania trump dazzled the crowd. look at that. let's get to the markets. this looks like a renewal of the trump bump. the dow up maybe 180-odd p

also with us is mark tepper this morning. happy new year. >> thank you. happy new year, maria. maria: i want to start with this chinese story, mark. the pont gone adding more chinese companies to its list of more than 50 businesses it is identifying as military in nature including wii chat owner ten cent, costco, shipping battery giant cattle, co-mack and facial recognition company sense time group. these stocks are moving in hong kong and i think they're all lower but these -- this is a long time coming, mark. your thoughts. >> look, pretty much every single chinese company could potentially be on the list. maria: that's right. correct. >> when you have the ccp watching over everything. every single one of these companies is under the ccp's microscope and they're probably exerting their influence within these companies as well. maria, we talked about in the past and you specifically have brought up some direct defense risks that are out there. for example, the chinese drone manufacturer dji, that is a direct defense risk to the united states

great to to see so you with, guys, mark tepper, joe borelli, thank you thank you so much for being here. see you again tomorrow. have a great tuesday. dow industrials at the highs of the day, up 128. "varney & company" picks it up on that note. stu, take it away. t stu stu on that note, good morning, everyone. call it a great leap forward for free speech. met a making big changes to the its vetting process. mark zuckerberg's fact checkers in the past have been too politically biased. they are moving to a community notes policy similar the, and, and zuckerberg's moving the trust and safety team out of california. where do you think the they're going? they're going to,. if trump -- to texas. if trump had not been elected, this would not have end happened. president biden acting as the spoiler in chief, announcing new rules designed to the block trump's agenda. trump may have trouble reversing them. bind also stopping some mining operations in nevada, and kvp says biden's last two weeks in office will be jam packed. watch out. to the markets. the buying continues. the dowvilles up 125 as w

also with me is mark tepper.ant to get your take on bank of america, reporting a double beat, saying investment bankers capitalized on a resurgence. morgan stanley is coming out later this hour. you say it's all about buybacks. last year was a huge year for buybacks, also increased dividends for the major banks and m&a for regional bank. what do you make of the b of a quarter? what strikes you? >> it had a high bar to beat and it jumped across the bar. it's up again premarket. if you think about the entire space, credit is not the issue everybody was afraid of. it hasn't happened. most people forecast 2,000 banks to failed. we had none that failed. i think there's animal spirits out here. at the end of the day for all the banks, the net interest income was better than expected. the margin was better and that panic over deposits that happened after silicon valley is over. banks are well funded. what they're really waiting for next is loan growth. if loan growth doesn't materialize, they've got lots of capital, the

equity trading strategy, stuart kaiser, also with us is mark tepper this morning. stuart, great to see you. what are you seeing on the trading desk right now? ever since the federal research had the hawkish pivot at the end of last year, a hawkish cut we're calling it, basically telling us they're not in a rush in 2025, markets have been a little rocky. >> market's trading sideways. there's concern on friday, what are we seeing with the unemployment rate. the budget resolution debate at the end of last year had people focused on fiscal policy as well. i think both of those things have added an element of uncertainty to the policy outlook and to the rates market in particular which has spilled over to equity markets but hopefully friday we get good employment data and it stabilizes things. maria: let's take a look at rates this morning. markets are closed in honor of president jimmy carter's funeral today but we've been watching interest rates tick higher and yesterday they actually hit 4.7% on the 10 year. the federal reserve's meeting minutes revealed officials wi