melissa: scott martin kingsview asset management and senior fellow dan mitchell is here as well. scott what do you think about all of this? >> it is great news. melissa, this is something weighing on the market last you few weeks with regards to trading of s&p. to have this confirmmation they will get them done both together is great. market is forward-looking indicator. plans may be laid out today. the fact that market knows or is confident that trump will follow through on promises will boost stocks. melissa: dan, that you couple it with, you know the idea of him talking to air airline ceos as well, we see a boost in the market, what is your take? >> the important thing to look at, the market doesn't drive the economy, the economy drives the market. if you want long rung increased sustained growth you have to reduce burden government. lowering tax rates for individuals and businesses would be a great start. republicans have a bit of a circular firing squad with so-called border adjustable tax. trump needs to break through that and gop speaking off the same hymn sheet and push pr

melissa: here is scott martin, kingsview asset management, chief investment officer. he is a fox news contributor. jays con rotman, lead deaisle. give me reaction. >> i like my note officially published on the screen before earnings are releasing don't buy amazon at these levels. short and sweet, amazon is a phenomenal company. it is overvalued. i wouldn't touch it because pe is almost at 200. prime gets you stuff in a day. you will not see prime profits. you will wait a long time to buy at these levels. >> business is all about the cloud. they were the first to really go in and make a huge investment there. now that is where everything is moving. don't you see that as the future business and a reason to be involved in this? >> yeah, if you look at amazon as retailer you're making a mistake. their web services that is where a lot of their gross margin is. that is growing incredibly. part of why the stock is down a little bit. maybe numbers came in light. that is the future, you're correct with the company's growth outlook. i think that will carry this company higher i

mike murphy is here and scott martin, too. all right.rious question for you, murphy. >> yes, sir. >> would you in good conscience, tell your clients, the people who rely on you for good information, would you tell them, yeah, get out there and buy some more stock? you would? >> i would. >> the reason is, stuart, i don't want to look back at the last 12 days or 13 days or what's happened since the election and the move up in the market. i want to look ath underlying fundamentals here, you're getting earnings growth, a repeal of regulations and you're getting tax cuts coming so that means you need to reprice the market. so a market that six months ago i would have told you we're up almost 21,000 it will be expensive. it's no longer expensive at these levels. you can buy and underlying fundamentals support it. stuart: your clients have a strong stomach? >> there's money to be made. it's not timing market, it's time in the market. stuart: scott martin, you manage money, you look after money, are you telling people, get in there? >> the money

we have scott martin from kings management. scott, what did you think of the criticism? >> i think it's incredible, neil. nancy pelosi is in la laland. she said not introducing the jobs bill is a positive. it's not up to the government to force companies to create jobs. how are they going to create jobs with lower taxes, less regulation and hello, willing to the ceos. that's what we're going to see. >> neil: emily, what did you think of the criticism seeing it through the prism of more government action? >> for a lot of free marketers, the job free trade is and oxymoron in itself. what is more important is having a environment where several companies saying they're growing to keep jobs here. i think the democrats also need to be careful. they're coming out here like chuck schumer saying the president is bluster. he hasn't done anything. at the same time, they're talking in the apocalyptic terms how he's destroying the company. this won't fly with the public if they keep this contradictory messaging strategy. it's not going to work. >> neil: and the defense stocks were up

scott martin, stay there, we'll bring you back for opening bell.heck the price of twitter stock, it's going to be down and down huge today. it's not making money in spite of all the free publicity it gets from the ever-tweeting president trump. happening now, mr. trump meets with executives to the airlines at the white house. one missing, the ceo of american airlines. he's not going to be there. the trump rally, not so much the trump rally, but the trump presidency, and it keeps rolls along. back in a moment. mplex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. hidden in every ing, every chip, and every putt, is data that can make the difference between winning and losing. golfers like me have played these holes thousands of times, gener

stuart: scott martin, you have to come into this. goldman sachs statement as a negative.ern over the border tax and whether we will get a tax cut deal as negative and yet the markets keep going on, what so you? >> i think the goldman news, stuart, is great news. i thank you, goldman sachs, when we had markets run, think the mid-2000's, the market overcooked and overdone, yes, they were right, the market ran for a couple of more years after we had the scary notions, i think this is going to propel the market higher, the more nonblefers we have in the s&p 500 fans, the more is s&p is going to go up. >> we are all jumping up on the band wagon. i have another negative, what used to be a negative headlining the wall street journal, fed eyes aggressive rate increases. why isn't that a negative? >> it's very beneath things that steve mnuchin is saying, big tax cuts coming by august, we care more about growth than deficits, that's what markets look at, not a quarter rate hike from the fed maybe in march, maybe in june. ashley: if the economy is starting to really fire in all cyli

scott? >> david martin at the pentagon.avid, thank you. >>> president trump and his daughter took a helicopter to dover air force base in delaware to honor navy s.e.a.l. ryan owens who was killed in a raid against al qaeda in yemen. his remains were returned today. owens, 36, from peoria, is the first service member killed since mr. trump became commander-in-chief. >>> the "cbs overnight news" will be right back.

scott martin, kings view asset management. fox news contributor. veronica dagher, "wall street journal." a lot are saying just importers against the tax. first every consumer is against it once they pay 20% more for all items imported. also a lot of exporters have to import manufacturing equipment. that increases the cost for them. and let's get honest about it, it is a brand new tax. we want fewer tax, not more of them. go ahead. >> right, when consumers see price of avocados or beer, whatever favorite product goes up they will not be so happy about this, especially if they go to their favorite retailer try to buy goods and clothes and those prices are also jacked up too. it will not be a pretty scene, especially for some of those retail stocks. we've already seen pressure on those stocks. we'll continue to see pressure, especially after the president's comment today. david: scott, steve forbes says it is very simple, yes the japanese do it, europeans do it, have a value-added tax essentially what they're talking about. just because they screw the

stuart: brenberg and scott martin, thank you for joining us.t's a narrow loss for the dow industrials at this point. we're down just 33 points, 34 points. 19-8 is the level. check out the white house, the trump action presidency continues. look what's happening today. the president meets with top lawmakers who run our tax policy. the senate finance committee, the house ways and means committee. this is all about tax reform. the meeting at 11:15 this morning. it's very important. up next, the man on the short list to replace janet yellen at the federal reserve. man of the moment. i'm going to challenge him. investors don't watch the fed anymore. it's all about politics. i told you. we'll ask this gentleman momentarily. ♪ at old dominion, we see freight... ...as a combination of products and customers. every on-time arrival is backed by thousands of od employees, ...who make sure the millions of products we ship arrive without damages. because od employees treat customer service... ...like our most important delivery. od. helping the world keep p

and one of the things i wanted to do was to read a letter from coretta scott king, martin luther king letter went directly to an important moment in history. and that is that jeff sessions had been the u.s. attorney down in alabama. and he had prosecuted -- prosecuted civil rights workers for helping elderly black citizens vote. and so when he was then later nominated to be a federal judge, coretta scott king sent a letter to the judiciary committee of the united states senate -- >> and that was not put in the record at the time, correct? >> that's what i understand. and i wanted to read the letter. and so i started reading the letter. explained the background. started reading the letter and then i hit this line. mr. sessions has used the awesome power of his office to chill the free exercise of the vote by black citizens. and that was it. >> but you had been warned. your speech was much longer before. >> but let's be clear. what i had been warned about. there is a back story to this. i didn't actually start with coretta scott king's speech. i started with ted kennedy's speech. i have

scott? >> david martin at the pentagon. david, thank you. >>> president trump and his daughter took a helicopter to dover air force base in delaware to honor navy s.e.a.l. ryan owens who was killed in a raid against al qaeda in yemen. his remains were returned today. owens, 36, from peoria, is the first service member killed since mr. trump became commander-in-chief. >>> the "cbs overnight news" will be right back. but my ultimate goal was to be a pilot. i think i was meant to, to fly. i had just applied to be a part of the 160th soar regiment and i was going to airborne school that next monday. so, i decided to go on a motorcycle ride with my buddies. we were going through a turn and that's all i remember. that's the day everything changed. i was told by the doctor that i would never walk again. thanks to paralyzed veterans of america, competing in adaptive sports lit my fire again. they help you transition for the rest of your life to that individual that you want to be. sports like hand cycling really pushes you to, to f

order on the senate floor when she read a scathing assessment of jeff sessions by coretta scott king, the widow of martinher king jr., the widow coretta scott king wrote about his judicial nomination in 1986, republicans spent a good bit voting on whether or not elizabeth warren could be allowed to read that letter or whether she would be shut down and silenced by the senate. we expect senator warren to join us shortly. regardless of whether or not she is allowed to speak, democrats say they do plan to hold the floor all night long again tonight. last night democrats held the floor to stop betsy devos from becoming the nation's next education secretary. they claim as close as you possibly can to stopping her nomination, the vice president had to come in and cast a tie breaking vote when it was deadlocked at 50-50 but ultimately they didn't get there and betsy devos was sworn in tonight. tonight though they are not put off. democrats are running another all nighter, this time to try to stop jeff sessions for attorney general. the vote on his nomination is expected tomorrow. democrats, of course, know thei

and she said she was trying to present the facts and criticize his past record that correta scott king, martinuther king's widow raised when sessions himself was nominated for a federal judge in 1986. i asked do you agree with what mrs. king said in the letter from 1986 and he could potentially dis enfranchise blak voters and she said yes. those words were too strong for some and nled it was out of line. this shows how polarizing the debate is. >> president trump is not only attacking judges verbally and the pick calls disheartening and demoralizing. >> president trump is making his case to the court of public opinion. judges is holding up the executive order imposing a travel ban on seven majority nations will be to blame. >> i think it's a sad day and i think our security is at risk today. i listened to a bunch of stuff last night on television that was disgraceful. the courts seemed to be so political. it would be so great for our justice system if they could read a statement and do what's right. >> he said there was a big increase while people were far more vulnerable. they didn't offer pr

scott? >> pelley: david martin at the pentagon. david, thank you. president trump and his daughter took a helicopter to dover air force base in delaware to honor navy seal ryan owens who was killed in a raid against al qaeda in yemen. his remains were returned today. owens, 36, from pee umenyiora, is the first service member killed since mr. trump became commander-in-chief. hundreds of u.s. diplomats are warning that mr. trump's ban on refugees and citizens from seven predominantly muslim countries makes the u.s. more. major garrett is at the white house. >> i'm a bit uncomfortable with the very public activities candidly, and i think that has to be very, very carefully considered. >> reporter: former c.i.a. director david petreaus told congress today the unprecedented upriding of dissent within the state department over president trump's immigration and refugee order cannot be ignored. >> there could come a point in time where, if your advice is not taken over and over and over again, then i think you have an obligation to your own organization and

let's us get the read with the scott martin, kingsview asset management chief investment officer. it is not going to pass muster with me. more and more republicans are saying things like, that it would be counterproductive. assuming he is still keen on tax cuts, then democrats or others will say, how do we pay for them? what do you think? >> yeah. that is funny coming from democrats, isn't it, neil? looking back for last eight years -- neil: that is an issue. >> it's a bigdeal, you guys, republicans have to pay for it! this is funny about the border adjustment tax, if you're retail, you're very concerned. meeting president trump had today is timely. a lot of their goods are produced overseas around brought into the united states. if you're retailer, don't have pricing power to make something in the u.s. or raise the price with the costs on import you will have a issue. tell you what is interesting about it. the goal isn't nationwide. to get companies to start making stuff here in the united states, bring production here which a tax could he will actually do, let me get a sense. i

scott. >> pelley: david martin on the battlefield. david, thank you. we have an update now on dr. jon lapook's "60 minutes" story about the sports medicine doctor charged with sexually assaulting nine women gymnasts. today in michigan, larry nassar pleaded not guilty to 22 criminal counts. dozens of former athletes are suing him in civil court. coming up next on the "cbs evening news," a young murder victim may have recorded her killer's voice. bllz from k-y ultragel. 48 hours of protection. ♪ i don't have to reapply this... not once! it's really soft and almost velvety... as you put it on. it's like reaaally soft. try dove advance care. for softer, smoother underarms. it's league night!? 'saved money on motorcycle insurance with geico! goin' up the country. bowl without me. frank.' i'm going to get nachos. snack bar's closed. gah! ah, ah ah. ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ great rates for great rides. >> pelley: there was a break today in a cold case in georgi

scott. >> pelley: david martin on the battlefield. david, thank you. we have an update now on dr. jon lapook's "60 minutes" story about the sports medicine doctor charged with sexually assaulting nine women gymnasts. today in michigan, larry nassar pleaded not guilty to 22 criminal counts. dozens of former athletes are suing him in civil court. makewith instant moisture utes from k-y ultragel. >> pelley: there was a break today in a cold case in georgia. 33-year-old ryan alexander duke was arrested and charged with murder after investigators received a tip linking him to a former high school teacher and beauty queen, tara grinstead. duke was a student at the school where grinstead taught. she disappeared 11 years ago. her remains have never been found. police in indiana hope a mysterious recording will lead them to the killer of two young hikers. don dahler is there. >> reporter: on this abandoned railroad trestle, a 14-year-old girl may have recorded the voice of her killer. >> down the hill. down the hill. >> reporter: liberty german and her 13-year-old friend abigail williams w

scott. >> pelley: david martin on the battlefield. david, thank you. we have an update now on dr. jon lapook's "60 minutes" story about the sports medicine doctor charged with sexually assaulting nine women gymnasts. today in michigan, larry nassar pleaded not guilty to 22 criminal counts. dozens of former athletes are suing him in civil court. coming up next on the cbs evening news, a young murder victim may have recorded her killer's voice. does psoriasis ever get in the way of a touching moment? if you have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. taltz is proven to give you a chance at completely clear skin. with taltz, up to 90% of patients had a significant improvement of their psoriasis plaques. in fact, 4 out of 10 even achieved completely clear skin. do not use if you are allergic to taltz. before starting you should be checked for tuberculosis. taltz may increase your risk of infections and lower your ability to fight them. tell your doctor if you are being treated for an infection or have symptoms. or if you have rece

senator war ran, who's been very outspoken against jeff sessions, was reading a letter coretta scott king, martinuther king's wi w widow, wrote about him in 1986, when senator mcconnell made her stop talking and banned her from taking part in the rest of the proceedings. he said she violated a rule that says you cannot impugn another senator, rule 19. he said, this is a quote, "she was warned, she was given an explanation, nevertheless, she persisted." which sounds like something a storm trooper would say after capturing felicity jones in a "star wars" movie. but it wasn't a movie, although mitch mcconnell would make a good movie villain, either a good movie villain or a sad turtle going through a divorce. [ laughter ] [ applause ] anyway, after a number of democrats pleaded with their colleagues to vote against jeff sessions today, mitch mcconnell closed the deal with an impassioned defense of his friend. >> he's a true southern gentleman. he's pretty funny too. his staff would certainly agree. they remember the time he accidentally ran his suit coat through the paper shredder. they saved the ev

scott. >> pelley: david martin at the pentagon. david, thank you. today, president trump imposed new sanctions on iran after a ballistic missile test. the test was not a violation of the recent nuclear deal, but it was a provocation. major garrett's at the white house. >> they're not behaving once again condemned iran today for its recent test of a ballistic missile. his administration's new sanction will hit 25 individuals and companies involved in the missile program. on twitter, mr. trump said iran was, "playing with fire." iran's foreign minister, javid zarif, also on twitter, posted this video about its ballistic missiles. >> because we will never-- repeat, never-- and get the same statement from those who consider rcomplaining-- never use them against anybody, unless in self-defense, and we assure that nobody has the guts to gain to attack us. >> reporter: the u.s. is also alarmed by iran's backing of houthi rebels fighting u.s. allies in yemen. it blames the rebels for this suicide attack against a saudi arabian ship. u.s. intelligence believ

that the anger, emotion, stirring up emotions using triggers, using the name of martin luther king, jr., now mrs. coretta scottget people's emotions stirred so they can not clearly get the message. martin luther king, jr. talked about peace and non-violence. neil: that she would get this reaction and slap from the -- >> it is the old bait and switch, with the race card being played. stir up the emotions. people will never look at issues. people will never see the solutions. they will be angry and we can slip our agenda in. i believe she was surprised she was shut down. but we will no long etf accept racist, bait and switch race card situation. we knee facts and solutions. neil: there is a lot of anger, real quickly, final question, you have to go, idea democrats will not work with republicans. don't want to. holdover, angry the way they were treated but they will not work. >> some who will not work, but i believe we will have somewhere we can meet and discuss and peacefully resolve some of these issues. neil: i hope you're right. always great to see you. >> thank you, to republican senator john hoeven who echo

business's gerri willis, tea party patriot ceo jenny beth martin, out of this world market watcher, scott martined to end with you and i will begin with you, not so much new findings on nasa, whether what sean spicer was outlining will change this criticism of the administration has been getting that it doesn't have a plan in place on the budget or for that mat ear clear agenda what it is going to accept or reject on tax cuts? >> this has been really interesting rhetoric, neil. just looking a the last eight years, even the last 12 years, budgets have had impasses. they have had tax cuts that have not been paid for. look what happened to the debt and deficit. so to proclaim the notion of saying hey, we need to have these tax cuts paid for is about as good of an idea saying having michael vick run the aspca. you don't need that. you have growth an business spending consumer confidence that will come by way the tax cuts that will pay for it. not this pay go stuff we saw obama pass years ago that didn't work. you will have economic growth will pay for the tax cuts. neil: you hope, you hope, right? j

scott. >> pelley: david martin at the pentagon for us, david, tha at delaware a hostage standoff ended this morning with one prison guard dead and a prison counselor rescued in a raid. inmates used makeshift weapons yesterday to take over. corrections officer stephen floyd was found dead in a closet. two other guards were released. upon inmates say theye wer protesting poor treatment. coming up on the cbs evening news, what happened when a samsung burn victim tried to sue. and later, using jazz to explain democracy. well, a 103 yeah, 103. well, let me ask you guys. how long did it take you two to save that? a long time. then it's a fortune. well, i'm sure you talk to people all the time who think $100k is just pocket change. right now we're just talking to you. i told you we had a fortune. yes, you did. getting closer to your investment goals starts with a conversation. schedule a complimentary goal planning session today. friend of yours? that's frequent heartburn. it's always lurking around. but i'm safe. i took my prevacid®24hr today. i didn't. one pill prevents the acid that causes hear

scott. >> pelley: david martin across the river at the pentagon. david, thank you. coming up next on the cbs evening news, hundreds of women who worked for a huge jewelry chain claim they are victims of sexual misconduct. your body was made for better things than rheumatoid arthritis. before you and your rheumatologist move to another treatment, ask if xeljanz is right for you. xeljanz is a small pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can reduce joint pain and swelling in as little as two weeks, and help stop further joint damage. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests before you start and while taking xeljanz, and monitor certain liver tests. tell your doctor if you were in a region where fungal inf

senator warren has brought to our attention, it was the judgment of coretta scott king, widow of slain civil rights leader martin luther king, that he used the office of the united states attorney for alabama to to -- to quote, to quote, these are coretta scott king's words -- to chill the free exercise of the vote by the black citizens. to chill the free exercise of the vote by black citizens -- end quote. start end of the quote there. that was her opinion at the time. similarly, in words of our former colleague, senator ted kennedy, he was a disgrace to the justice department, the department for which mr. sessions will lead if he is confirmed. and i would like to read into the record today the letter from mrs. king which supports her opinion of mr. sessions' lack of commitment to justice for all and leave it to my colleagues here today to assess in considering his nomination. and so to me, that letter that she wrote back in march 19, 1986 goes right to the heart, goes right to the heart of what we are debating here on the senate floor, that what we are debating is our voting rights and whether we will have for

and she said she was just trying to present the facts, criticize his past record that coretta scott king, martiner king's widow raised when he was nominated for a federal judgeship in t 86. i asked do you agree with what mrs. king said in that letter and that he could potentially diz enms. and intimidate elderly black voters and she said yes. so those are words too strong from a lot of republicans who believed it was out of line but it just shows how polarizing this debate has become. >> manu, thanks very much. president trump not only attacking some judges verbally, his supreme court quick calls quote disheartening and demoralizing, he's raising the specter of a future terrorist attack saying if it happens don't blame him. here is jim acosta. >> reporter: president trump is making his case to the court of public opinion thundering if there's a terrorist attack the judges holding up his executive order imposing travel ban on seven nations will be to blame. >> so i think it's sad. i think it's a sad day. i think our security is at risk today. i listened to a bunch of stuff last night on televisio

and one year later coretta scott married dr. martin luther king jr. as they took their degrees from boston now to begin a cause found in the south that became a national and international movement. the two shared their life and cause that would change the world. the voices and legacy of coretta scott king and dr. martin luther king jr. are as much a part of massachusetts history as the american revolution, john adams and president john kennedy. what senator warren was doing last night was standing up for equal justice the way massachusetts has always stood up for equal justice, the way senator ted kennedy stood up for equal justice. we have a deep and proud history in massachusetts of fighting for what is right. the abolitionist movement was born in massachusetts. in past generations, when young women wanted the right to vote, a group of committed activists in massachusetts formed the suffragette movement and they changed the constitution in massachusetts so women could vote. when young women were upset with the voting rights laws for america's southe

carson,oined by ben tender tim scott, museum director, and the niece of dr. martin luther king jr.. >> ladies and gentlemen, the president of the united states. president trump: thank you very much, everybody. it is a great honor to be here. this was a beautiful morning. what a job they have done. like few others have been able to do. i am very proud of lonnie bunch. the work and the love that he has in his heart for what he has done -- i always talk about needing enthusiasm. you need love for anything you do to do it successfully. and lonnie bunch, you are where? come on. you should be up. come on. and david, we have to get david up here too. david is tremendous. and he was singing lonnie bunch's praises. you two should at least be here. we appreciate you very much. and david rubenstein is here someplace. come on, you have to get up. you certainly deserve it. he is a successful guy who spends money doing great things. and he has been a great help to so many different groups and this one in particular. thank you. it is a privilege to be here today. this museum is a

stuart: scott martin i lost my shirt on something called people express a generation ago and never touchedines since. are you an airline investor? >> i use today love people's express and i flew it all the time between dayton and columbus and stuart, i wish that airline was back. john is right, the airlines have been somewhat overdone. a lot of them are pretty expensive and betting on higher oil prices which i don't think they'll see and they're charging you for everything on board. they're making more money off you than they ever have. stuart: i don't think you're old enough to remember people's express. >> it's true, i've got pictures. ashley: pictures. [laughter] >> i want to see them. a serious story, it's awful. here is comes. a double murder in chicago streamed live on facebook. it doesn't affect the stock price, i'm not implying that for one second. but this is a hazard of modern technology. ashley: you can't stop it. we're live television, what would stop something from happening here? we have a delay, don't we? some sort of a delay if you suddenly started swearing. liz: a good poi

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. >> reporter: senator elizabeth warren quoting coretta scott king. 20 years ago, martin luther king's widow criticized his record on civil rights. it did not sit well with the republican leader. >> the conduct of our colleague from alabama as worn by the chair. >> i am surprised that the words of coretta scott king are not suitable for debate in the united states senate. i ask leave of the senate to continue my remarks. >> is there objection? >> object. >> i appeal the ruling -- >> objection is heard. the senator will take her seat. >> i wanted to read that letter. floor, warren took to facebook reading the letter is second time. now viewed for than 8 million times. the hashtag, let liz speak. the public says this is d dispara disparaging. >> these are the facts and they should determine whether or not he should be the attorney general of the united states. >> i am not a racist. >> reporter: any response to the comments on the floor? >> no response. thank you. >> reporter: warren was sliced for speaking ill of another senator. accused of breaking an obscure rule to prevent fist fights