If the blue chips hit the milestone 26,000 at the open and coming to download added 1000 points in seven trading sessions. The shortest time for a gain of backsides ever. The rally could be held their earnings from several bigname Companies Including united, health care. Kerning in revenue came out a few moments ago but revenue and earnings topping expectations. The company said the most recent quarter earnings per share were boosted by 1. 21 by deferred tax benefits. The Company Revised their 2018 outlook to affect effects of tax law changes. This is why markets keep going up. Waiting for numbers from citigroup due out later this morning. The main thing to watch in the earnings whether more companies will be giving bonuses out to employees. Several big Auto Industry ceos including Fiat Chryslers Sergio Marchione spoke with fox business about what the legislation means for their companies. We removed all the cobwebs and concern about when they do it. Im glad weve done it. The tax package will have a 200,000 unit done to the overall marketplace, but more important than that, people have a really positive attitude Going Forward. Consumer confidence is very strong in Consumer Confidence helps drive car sales. In europe, take a look at england, france and germany. 1 plus gains on the dax and germany. Asia overnight stocks also in the green across the board the biggest winner they are. Up almost 2 . Also watching oil. U. S. Output with 2 Million Barrels a day in this country. That beats the record set nearly 50 years ago. Moving overseas to a tragedy and germany. Dozens injured including 20 children after School Bus Crashes into a building without breaking. The latest from the scene ahead. Walmart putting the free sounds dance club in alaska. The Company Planning to shut down all the stores in the state leading to massive lines in a major impact on other businesses. Miners discover the worlds fifthlargest diamond in africa. The Staggering Amount of the 910carat gem is worth coming out. All of that and so much more coming up this morning. Lauren simonetti wall street economics editor Jon Hilsenrath and fox news senior strategic analyst general jack keane. We are the ones who are delighted to have you here every time you are here for incredible insight. U. S. Plans new Nuclear Weapons is also an editorial about the readiness of our military because of the sequestration caps on spending so we will dig into all about with you. Look forward to it. First, the dow up 226,000. United health Group Reported earnings. Earnings per share 2. 59 a share revenue coming and by more than 52 billion on the bottom line, and eps and the topline. Of course her bank of america to american airlines, Fiat Chrysler, so Many AmericanCompanies Announced the perks. Wage hikes, 15 minimum wage including bonuses, thousand dollar bonuses, 2000 bonuses to workers here in the United States. All of this as a result of passing tax reform. Its more than 2 million americans will get a bonus from this. The ceo of Fiat Chrysler and toyota had to say about the impact of the tax overhaul at the detroit auto show. The tax reform that was done in december when a long, long way in getting a huge jolt of confidence. The biggest impact will put more money in Consumer Confidence and when that happens they go out and buy things like cars. We think the tax package will have about each 200,000 unit done to the overall marketplace, but more important than not, people have a really positive attitude Going Forward. Consumer confidence is very strong. Trade to john, what do you make of this . Theres so much to break down and all the news weve gotten about the economy, about the market. The keyword now for the markets and the economy is momentum. Theres a good head of steam in the markets we see in the two 2000point marketing head every few weeks now. Markets tend to have the self reinforcing attitude about them and we are seeing not in the economy to the global economy. Very little on the horizon that will slow this thing down between 2 3 growth in a looks like it will keep going. When you say momentum come you kind of alluded to euphoria. What we see lately in these markets, it seems like investors really didnt expect the Trump Administration and republicans to get the tax reform done, so they were caught off guard by all of the impacts of the tax reform and rather than it being euphoria, there is a very real reason this tax reform is flowing to the bottom lines of these countries and is flowing out directly to the workers with more than 2 Million People getting bonuses. The tax overhaul does add to the momentum. I dont mean to say euphoria. There is momentum. A push behind it. At some point we get to euphoria with the bubbles we worry about. Tax reform will talk about later. The weaker dollar helps the u. S. Economy because it supports exports. What about actual gdp growth . How long will that take . I understand the market, but they gdp growth we talk about perfect dignity, how long will it take if its going to go up, come close to fall . You put your finger on it. Product to the bsg. Weve are defending Economic Growth picked up. The growth in the middle of last year will probably get close to that in the Fourth Quarter, too. The question is whether that can be sustained if productivity pics. Productivity takes a long time to play out. Companies invest in a new record and come the new machinery that makes them more project is. We wont know about data in four years possibly. Dagen as your paycheck is bigger, we are talking threepoint i billion dollars in bonuses because of the changes in the tax law. This also changes dynamics is to go into the midterm elections. Its hard to vote against a party for your personal situation has gotten much better there will be resistance and 18. They are going to have bigger paychecks. Again momentum in the stock market. Its not just i always say that on another network talking about the record stock market is not the same thing as the economy, that you have a stock market reacting to a stronger economy at 3 . The stock market itself has an impact on the economy. Most of us here at the table, most of our viewers have 401 k plans they watch every week and they keep going now. That is good news then access more comfortable about our retirement plans and more willing to rent money today. One reason the saving rate has been going down as people are seeing accumulated wealth going up. Move on to capitol hill. The clock ticking with days left to upper Government Shutdown set for friday. Republican leaders leaning towards a shortterm funding measure to keep government running while talks continue with Democratic Leaders who likely wont support any day of that doesnt include protection for young Illegal Immigrants but the dreamers, daca recipients. What you make of this come in general . I cant believe it. Majority 535 legislators to agree that we have to approve a Border Security and find a way to keep the children of Illegal Immigrants whove been here a generation, if we can figure out a way to do that, shame on us. Dagen its turned into a lot of namecalling. A wall street journal oped talks about the fading readiness of the pentagon because of the sequestration caps from 2011, but also because these individuals, right and left in washington cant come up with anything other than stopgap spending measures. Heres a statistic. The defense continuing resolutions limit spending flexibility for more than dirty sixmonth period 36 months and 2010 compared with fewer than nine months in the preceding eight years. That is appalling. What we throw billions of dollars away because we can advance the ball. We cant do multiyear contracts or its not costeffective what we are doing. We have a military that hasnt been this on 75 years with global responsibilities are increasing before i is every year. Back into competition with russia and china. We havent seen that since the collapse of the soviet union and ended the cold war and the thriving radical islam and weve got these two thuggery countries and north korea and iran. One has Nuclear Weapons and wants to reach the United States. The other ones to get them and threaten the region. There is no doubt the scope of our responsibilities have increased or the Technology Gap has closed where weve decided the advantage. Many of our viewers saw that with the russians gathering into syria. They have the technology we do. Precision guiding like we do. That gap has closed and yet we are underfunding our everyday readiness. Theyll action, pun intended that ships because they were too long at sea. Arena fiscal position to do this rebuild which you say is so important. One plant lost in the tax reform overall we did cut taxes that could help the economy, then the further out you look. With the budget cuts, what i did as a disproportionately punished the fence while they continue to grow. That is a collision coming. The country has to do with entitlement. Also, im hopeful thats why i was asking about gdp growth. If we get the revenue as a result of tax reform and deregulation and we do have a growth economy, that does increase the treasury so they can spend a little more proportion on defense and get us out of this hole. I love the combination of talking about our military and economy. They go great together. So much more to talk about. Four Police Officers shot in South Carolina. They suspect in custody. The latest of napsters condition. A School Bus Crashes into building in germany with at least 40 people hurt. 20 of them are children. More ahead. Recordsetting oil production. U. S. City in a major milestone. This goes right to our National Security. Record production here in the United States. The Ripple Effect here at home and around the globe. It was really easy. Easy. Thatd be nice. Phone for help with chairs, say chair. Phone for help with bookcases, say bookcase. Bookcase. I thought this was the dresser . Isnt that the bed . Phone im sorry, i didnt understand. Phone for help with chairs, say chair. Does this mean were not going out . Bookcase. See how easy renters insurance can be at geico. Com. A trip back to the dthe doctors office, mean just for a shot. But why go back there, when you can stay home with Neulasta Onpro . Strong chemo can put you at risk of serious infection. Neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. In a key study, neulasta reduced the risk of infection from 17 to 1 , a 94 decrease. Applied the day of chemo, Neulasta Onpro is designed to deliver neulasta the next day. Neulasta is for certain Cancer Patients receiving strong chemotherapy. Do not take neulasta if youre allergic to neulasta or Neupogen Filgrastim . Ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. Report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. So why go back there . If youd rather be home, ask your doctor about Neulasta Onpro. Dagen breaking news this morning. Four Police Officers shot. A 47yearold man shot four Police Officers in york county, South Carolina all began last night around 10 00 p. M. Eastern time. The officers responding to a domestic disturbance call that came out. The suspect was shot as well the conditions that the officers are not clear at this time. Continuing to follow breaking news details coming out of charlotte, north carolina. We also have more details to bring on another story follow this morning. 43 children injured when a school bus lost control slamming into a building without breaking. The bus driver and for others entered many of the victims airlifted by helicopter to hospitals are not clear what caused the accident. Officials havent been able to talk to the best favor. U. S. Oil output is booming thanks to a jump in Shell Production now on track for 10 Million Barrels a day in the next few days with a record that back in 1970. The government estimates the figure could increase to 11 Million Barrels a day by late 20 night team. Good enough to challenge russia the Worlds Largest producer. Sergio markie ohmae cooling speculation that the auto company could be broken apart. He has no intention of selling a brand like cheaper ram. The companys longterm strategy unclear if the chrysler has invested months technologies than competitors. The upgrade for 140 over the last year. Back to you. Dagen i didnt mean to catch you off guard. The last year of auto sales fell just a little bit, but weve been running in terms of yearoveryear incredible pace in terms of u. S. Auto sales. Does it surprise you that Fiat Chrysler ceo mark quixote is saying we are sticking keeping his friends together . Now, u. S. Consumers is doing well and they want to keep feeding the market. This is what you would expect. Dagen there was a statistic from one of the ceos of the number of additional cars that should be sold this year because the tax reform he thought. The auto sales have had a pretty good run. I dont know about his disdain that keeps the economy going. Ill come back to what i said a moment ago. The weakening dollar as a surprise and that gives us hope on the export front. It makes our exports more valuable, imports more expensive. We may see improvement on trade next year. Lauren i think auto sales are going to cool off a little bit. Dagen they were down a little bit from the Previous Year. Lauren we are seeing more incentives than the newer cars, which is now is a good time. We did a story yesterday that could help for a while. The market may quote little bit more. Dagen anything to put a shine on these suvs theyve been selling. The tax reform bill creates 1. 5 trillion. Does that affect the dollar also . We were expecting the dollar to strengthen last year in part because tax reform was expected to increase Economic Growth in the surprise has been weakened. So yeah the tax cut should have accepted the dollar in the other direction. The reason that is not happening as the rest of the world is really strong right now. Europe, japan picking up growth. Dagen there you go. Two hours and 40 minutes to talk about it coming out. Citigroup later this morning expected to take a hit in the last quarter because of tax reform. We look ahead to see what the bank says about the boost to earnings in the coming year. A whopper of a diamond unearthed in south africa southern africa. The massive rock to find out how much it is worth. Hey, what are you guys doing here . Weve been helping you prepare and invest for retirement since day one. Why would we leave now . Because im retired now. So . Were voya. We stay with you to and through retirement. With solutions to help provide income throughout. So, youll still be here to help me make smart choices . Well, with your finances that is. We had nothing to do with that, uh, tie. Or the suit. Or the shirt. Voya. Helping you to and through retirement. Searching for answers may feel overwhelming. So start your search with our teams of specialists at Cancer Treatment centers of america. The evolution of cancer care is here. Learn more at cancercenter. Com experts dagen the record run on wall street. Look at these markets go. And up in about 26,000. 223point gain, the first trading day of the week did what you make of these markets as you move deeper in the 2018. Joining us this morning, wells fargo chief economist john silvia. Good to see you this morning. You hear from him the ceos in terms of spending plans, hiking their minimum wages, the bonus is that than 2 Million People get. Did people wildly underestimate the almost Immediate Impact of tax reform on the economy . Often times is John Lafayette tax programs are often times delays in for reagan. That its true for george bushs plans. You could deduct right away some of the expenses and income to the workers showed up right away in their income. Dagen the question is how much more room does this market have to run because it seems unstoppable this point. Dons point with respect to provoke points. Dagen which we were talking about during the break. The bank analyst says one right off the top of a lower tax rate. Earnings go up, but Economic Growth picks up his job as mentioned earlier, your expected return, both because of the income and that will help the rural lending john wa