Party has to end but when . Okay, of course, its going to be a pullback but is that all youve got to say after the most explosive rally in modern history. Next story, the economy, in december 148,000 new jobs created, that is not strong, big job losses in retailing, big job gains in manufacturing and construction. Big show as usual. New probe of Clinton Foundation, were donors playing to play . Varney company is about to begin. Stuart here is another big story, look at that. Much of the east coast is still under a very deep freeze. Roughly 13,000 homes out of power. Thats serious. Here is a look at the latest weather map with windchill, by the way, frigid temperatures continue across the northeast for the entire weekend, will you look at the minus signs there . Chicago, minneapolis, my thatsg story. The other big story remain it is market. I have a tweet, the latest from the president. Here it is. Dow goes from 18,500 to 25,075 for new time record. Jumped a thousand points in the last weeks, fastest 1,000 point move history again and all make America Great again agenda, jobs, jobs, 6 million jobs created. Have you ever seen anything like that before . No, 64 tax cuts and what happened after that. Market still has long ways to go. Stuart long ways to go . I tell you why because the financials, they say that earning estimate should go up 20 , theyve gone up 8 since tax talk has gone through. That by itself shows theres ways to go. Stuart john is here, take your economist hat off a second and be a market watcher, has this market have a long way to go in the upside . Further to go as long as profits keep growing. As long as profits dont contract, itll keep going higher. I dont think youre going to see stiff enough Interest Rate that is will have effective rate of pushing the market lower decisively. Stuart lizzie is dying to get in. We are seeing corporate profit estimates at best i think since 2011, corporate profits double digit expectations coming in. Stuart i have to what might be a negative, not necessarily so much for the market, only 148,000 jobs were created in the month of december. I say only 148,000 because thats allow number, john . It wasnt that far from estimates, they were looking at something less than 200,000 in consensus. We have nearly 4 Unemployment Rate, this is very low Unemployment Rate. Its a lot easier to add 200,000, 300,000 jobs to payrolls when unemployment is high, 5, 6, 7 compared to where it is today. I think this is a decent employment report. Im not troubled by it. I like the fact that we saw big gains in construction employment and manufacturing Employment Industries that tend to pay much higher wages than retailing where employment shrank. Stuart youre far too easy to please. All right, i want to show you another tweet on the market from the president. Here it is. The Fake News Media barely mentions the fact that the stock market just hit another new record and the business in the u. S. Is booming. But the people know, can you imagine if obama was president and had these numbers, biggest story on earth, dow now over 25,000. Lets bring in Fox News ContributorJason Chaffetz, former congressman from utah. Do you think the president has a point . Absolutely. Remember when barack obama became the president , they gave him the Nobel Peace Prize for showing up. If this happened under obama, they would have given him the Nobel Peace Prize of economics. Major story, happening from coast to coast, its not a mistake that the reduction in regulations combined with the tax reform is leading to a favorable favorable conditions to market to grow. Stuart i think the media is trying to convince people that stock market gains dont convince ordinary people. They are dead wrong, 43 million americans with ira, 54 million with 401 k , all of them have done extremely well. Government workers, firefighters, teachers, unions, these are regular americans from coast to coast and they are seeing numbers go up. I have a plan for my 527 plan for my kids for college, those things are important. Stuart we dont count them usually. I want to talk about the book, fire and fury about steve bannon, youve known about this. Im not interested in getting in details of the book, im interested in whether or not you think this would affect the president s agenda, his legislative agenda . I do think it is. I do think its a negative. Its more than just a twoday story. Itll be a distraction internally at the white house. I do think it affect it is way you have discussions. You cant just dismiss this and im telling you, when i was a republican in the congress, if this had happened to President Trump we would be all over this and we would never let it go. Theres a lot of details in there at the highest levels within the white house. You cant just dismiss it, it was inaccurate in the one sentence. I tell you, this is a bigger problem. Stuart do you think it holds up a deal on immigration, do you think it holds up a deal on funding the government . I think it becomes a distraction, instead of having National Discussion about how to do major things that we have to do with immigration, welfare, reform, funding the government, spending on defense, most of the news media and a lot of people at the water cooler will be talking about this book. It is not helpful at all. Stuart doesnt it put conservatives in an interesting position because in the senate you only got 5149. If a republican conservative stands up and says, i dont like all the government spending, you can have a serious problem with funding the government Going Forward. The easiest part was tax reform because you had to get 50 votes on reconciliation, the hard part for the white house, the new president , how do you get to 60 votes, you to bring along democrats. Stuart hes got the shift a little bit towards thats when you start to lose conservatives in the house and some of the more conservative people like mike lee in utah and how do you find that proper balance and there are a lot of people when they see a president struggling with the conditions of the book, they dont want to let them out under the mat and pound on him, thats the national tension, but the president having to get to 60 votes is the new norm because you dont have reconciliation to move the government forward. Stuart let me bring an economist here, if there is a big problem with funding the government and theres a delay in funding the government, dhauz hurt the market . It does hurt the market, it will also hurt the economy. Itll lead to increase in uncertainty, perhaps less investment spending and hiring activity to offsets benefits that we expect to flow from tax reform. Stuart john, problems in washington hurt Market Going Forward . I think so, yeah, seven government shutdowns since budget appropriation act over ideological differences between republicans and democrats. This is political suicide for the Republican Party thats bad for the markets. Stuart 60 votes in the senate, tough to get, isnt it . You have to go get nine. Stuart jason, thank you very much, indeed, here is what we have coming up for you. We have to tell you about this, gary cohn is on the show, what does he think of the corporate response of the tax bill, putting back into america, thats what he wants, 9 45 hes on the show. Special guest coming up, wait for it, daniel glavin, jr. , i dont think you know the name but you have seen his work, he is the official hair stylist of the royal family, the brits, i want to know how much does he get paid for doing that, what would he change about my hair style, i will ask him, thats a promise, he joins us in our next hour, next, attorney general Jeff Sessions, hes taking on the legal Party Business announcing that hes cracking down on obama era rules that let Legal Marijuana flourish, what will judge napolitano say about that . Hes next. Stuart all right, we are not as strong as we were. We are up about 100 points ago. Where are the big techs, they have been on the roll, they have been on the roll for 18 months. Look at them now. This is premarket. Apple, amazon, alphabet, microsoft, all of them up a little bit more today. Dont forget tesla. Model 3 production headaches, they were down 3 to 4 yesterday, modest bounceback, fcc chair pai canceling show in las vegas, security concerns, liz. Liz death threats. Last month they evacuated fcc vote on Net Neutrality due to bomb threat that tushed out to be false. This would have been his first appearance at the biggest the worlds biggest gadget show. Consumer electronic show in vigas next week. Hes now not going. No known nature of the threat. Fbi has been looking into it but his family has he and his family have been getting blasted on the internet and on twitter because he spearedded the effort to lift Net Neutrality rules. Stuart so hes not going and cant explain the position . Thats correct. Stuart Jeff Sessions roll back policy that would allow roll back marijuana intervention, gardner, thank you, liz, thank you very much, corey gardner, hes from colorado, thats where its legal, recreational weed is legal, now he called out Jeff Sessions in a fiery speech on the senate floor yesterday. Roll that tape. Up until 8 58 this morning that was the policy. One tweet later, one policy later a complete reversal of what many of us on the hill were told before the confirmation what we had continued tobled last year and without any notification conversation or dialogue with congress, completely reversed, now perhaps the department of justice didnt think this would be a big deal. Stuart okay, judge napolitano has broken vacation to appear on this program on the phone and he joins us now. Judge, okay, its okay in some states, now the fed say its not okay, surely the only solution here is new legislation in congress to sought out whats right and whats wrong at the federal level, what do you say . I think youre precisely correct and good morning and belated happy new year to you and the gang, stuart, looking forward to being with you on monday. Look, congress made for better or for worse, i happen to think for worse, it is worse, marijuana unlawful, the Obama Administration looked the other way, first for medicinal and then Recreational Marijuana. Act of looking the other way was reduce today writing in a memorandum by a fellow name tom who was Deputy Attorney general in the first Obama Administration and that memorandum went to all federal prosecutors in the country. Yesterday at 9 00 in the morning, thats senator gardners reference to 8 58, yesterday at 9 00 in the morning a memorandum signed by Jeff Sessions himself went to federal prosecutors throughout the country rescinding the obama rule and saying all use of marijuana is against federal law and is fair game for prosecution. This is going to create a mess not only in peoples social and personal lives but for the huge and cannabis industry. Stuart is he going to turn federal prosecutors loose in all of those states which have okayed it for Recreational Use and say, just go get them, that would overload these officers, something rotten, wouldnt it . Yes, yes, it would, it would infuriate the fbi as well as local police because for years, believe it or not, Law Enforcement has lobbied to make the person possession of small amounts of marijuana for whatever purpose lawful because they just felt it was a waste of their time pursuing people for this. If they are going to go back to the 70s and 80s on marijuana where people were sent to jail for 15 and 20 years because they distributed to friends and friends reimbursed them for it, that is going to require an entire reorganization of the Justice Department which is now key towards far more serious threats the United States like terrorism than marijuana could ever be. Stuart i have to say, i would like to know what the president thinks about this. He doesnt smoke, he doesnt drink, i would like to see his input on this, i dont think we sent anything yet. He hinted during the campaign that he would continue to look the other way, thats one of the reasons senator gardner was so angry because Jeff Sessions hinted at that as well. Stuart okay, judge, hurry on back from the vacation and we will see you monday. Yes, sir, thank you. Now where are we on the market . We have come back a little bit. We were up 100, 20 minutes. Fox news confirming that the Justice Department is investigating Hillary Clinton, we are talking pay to play at the Clinton Foundation whether he recollects cover it after this. So how old do you want to be when you retire . Uhh, i was thinking around 70. Alright, and before that . You mean after that . No, im talking before that. Do you have things you want to do before you retire . Oh yeah sure. Ok, like what . But i thought we were supposed to be talking about investing for retirement . Were absolutely doing that. But theres no law you cant make the most of today. What do you want to do . Id really like to run with the bulls. Wow. Yea. Hope youre fast. I am. Get a portfolio that works for you now and as your needs change. Investment Management Services from td ameritrade. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Stuart fox news confirms the Justice Department has launched a new investigation of Hillary Clinton. Allegations that the foundation used pay to play politics while Hillary Clinton was secretary of state. Jason chaffetz for more. I never understood why someone who was going to represent america at the highest level would accomplish a 2 billiondollar fund, whats going on with that . If you really believe that nearly 150 million was poured in from people who had a vested interest in the uranium one deal, i mean, on the surface it makes no sense. You had former president bill clinton going to russia, taking fee that is were more than double for speaking less than an hour and making hundreds of thousands of dollars. It just absolutely doesnt make sense. One of the most precious resources in the United States on the surface can you name any justification for us giving up any percentage of uranium supply, makes no sense and if theres nothing there, then Hillary Clinton and their foundation have nothing to worry about but i do think objective people at the department of justice should take a look at and longtime coming, should have happened a long time ago. Stuart thats the point. This is 2018, these activities were going on a long, long time ago and they surfaced during the campaign but no investigation. Any explanation for that . During the Obama Administration we kind of gave an excuse of, all right, its the Obama Administration and its a Campaign Year but this is why myself, jim jordan, mark meadows, a number of us that its time for attorney Jeff Sessions to go, i dont think hes effective, major systematic problems inside the department of justice that are not being addressed, all the things going on in the world and the attorney general is worried about legalizing pot and going back against people like corey gardner, no, we are going to change without any notification or any discussion with congress. I just think thats i think thats wrong. Hes off track. Stuart what would happen if the president fired him, you know . The president of the United States is constitutionally elected leader of executive branch of government. All too often we hear discussion, the president should have arms length with the department of justice, no, we dont say that about the department of agriculture, we dont say that about fish and wildlife. Should he not be engaged at the department of justice, of course, he should be. Two bad things the president has done, allowing john to run irs, even though hes gone and appointment of Jeff Sessions, hes not up to the job. Stuart you should have never gotten out of politics but glad youre on fox. Jason, thanks for joining us. Where are we now in the market . We were going to up 100 points. We will take it, up 70odd points. Four minutes from now, watch this show. Youll see that market open. Back in a second stuart i predict, i confidently predict that the stock market as in the Dow Jones Industrial average will open in about 10 seconds time, thats a good prediction and also open at a record high. Yes, another one. How about that . All right, we have three second to go, its friday morning, im going to call it freezing friday because it is. How do we open . I see a lot of green on lefthand side, we are up, 44 points. Dow and s p both at alltime record highs right from the getgo this friday morning. Put it like this, we are up 50 points on the dow, thats about a quarter of 1 , 25,124, thats where we are. How about th