Outlook for the future is looking strong. This is remarkable in itself especially considering the news background. The government may shut down the end of this week in the president is talking about withdrawing from nafta. Investors do not care. A little history if i may. The dow first crossed 1000 in 1972. Hello in the seven hundreds in the early 80s. Today, 26,000. Very glad you are along for the ride. Varney company is about to begin. Another historic day for the market at the opening. First of all, the big tech names. Look at them though. These are premarket quote. This is the price now. Apple, amazon, every single one of them that. Amazon for heaven sakes up 15 backs premarket. The big banks this morning, some of them reporting profit, all of them up with the sole exception of jpmorgan. The rest they gain especially citigroup up to. 5 premarket. Profits more than doubled at United Health driven by a onetime tax gain at the tax code overhaul. That could echo up two bucks. Boeing, Caterpillar Company united technologies. The biggest dow winter since the dow crossed 20 5k january 4th look at them go sent ben. Though we missed up 13 . We better be joined by a professional. Steve cortez market watcher. Looks like we are in for more records today. My point is this is all about strong corporate profits in the future. Show me where im going wrong. Youre not going wrong, youre going right. Main street is an important here. Small business surveys at an alltime high according to the nfib. Regular consumers, quinnipiac polling come a record 66 of consumers say the economy is good or great. Highest number ever. Optimism in the land, the growth is real in the confidence is tangible right now. Under the last administration, we have which you collect clark kent economy. Now we have a superman economy. This economy went into the phone booth which is tax cuts deregulation coming out of the booth ready to soar as a superhero. Stuart at some point you have to discuss why its on the front page of the New York Times or the top of news broadcasts because its not even mention on the front page of the New York Times. Ive got to move on to politics. A Government Shutdown looming at the end of the week. Do you think if the government were shut down it would hurt the market . I dont think so, stuart. What a lot of americans find out is frankly what government does isnt all that essential and what is essential, courts in the military will go on if its a shut down. I dont think its a big deal. Its a big deal for Daca Recipients and democrats need to get honest and make a deal with President Trump who is willing to deal. Terms of market there wont be much. Stuart nafta, the president talking about what leavitt, withdraw from it. Would that hurt the market . That is more consequential, particularly from mexico, but the United States as well. Donald trump was very clear with candidate tom bennis following through is president every so often has done. We made some bad trade deals. Some are antiquated, some unfair in the first place. A trade deal from a long time ago, mostly stacked against the United States. Lets renegotiate. To me this is common sense thats come to the table and come up with terms that make sense. Great news on that score. Chrysler spending a bill [inaudible] tree into it really is. It shipped more than five 1400, 1500. Stuart really, in short order. Laid waste and they are really unstoppable at this point and when you have most of america 50 consecutive days of below freezing windchill and 240 americans today below freezing at some point during the day, they will order on amazon rather than go out to retail for the under capitalized. Stuart the weather extremely cold has been a shot into the arm. The cold weather has coincided with a runup for amazon. As it should. Going long on the restaurant wholesalers. They should be going long on the Food Retailers because the only thing people go out for a sued because they are home all the time coming out of the cold and needed more. Stuart its awfully difficult to tell an audience dont worry. Puts more money into amazon. 1321 per share. Tough stomach now, back to you and steve cortez really good point, americans see on all cylinders in terms of growth, so everything from tiffany to Tractor Supply to walmart and amazon are all growing because Consumer Confidence and Small Business confidence or alltime highs. Up 16 backs. Varney regular Scott Galloway has an opinion. Training to show him and not only power or restraint of competition i would argue basically every consumer stock in the world now train and Fund Performance in the stock from a macro environment and what amazon is arisen during an effectively a monopoly power restraining competition. There is license for doj intervention. Stuart do you think amazon should be broken up . In mecca should be broke and im because its stronger than what john d. Rockefeller did over 100 years ago. Ultimately it is not for competition, bad for vendors. Weve done a lot of federal trade Commission Antitrust work over the last 20 years an interview, more than anything else, amazon should be broken up and divested. Stuart bert, thank you for joining us we appreciate it. It will keep going up. Power to prosper. Stuart the wall street journal reported the pentagon is planning to have to seebased nuclear weapons. Why . Ashley because to respond to the growing military capabilities, supporters that they say we need to revamp to yield warhead from a triton missile any new nuclear two things are looking not to add to the arsenal. Stuart thank you indeed. Look at the market and how it is likely to vote entry will witness history together less than 20 minutes. You have a front row seat to prosperity and Varney Company up a couple hundred points at 9 30 eastern. Big guests coming up next hour. Fred smith, ceo of fedex. I want to know, what is this Company Going to do with all that money from the tax cuts. I will ask about 10 45 eastern. A veteran suing the va hospital because they left a scalpel inside him for four years after his surgery. That is an actual xray. A Government Shutdown is looming. Midnight friday. I say if republicans cant get the democrat to budge on military spending and immigration, they should force a shutdown. What will judge napolitano say about that next. Stuart this is an historic day. 200 points at the opening bell which would put us right at 26,000. Take a look at ge. A 6 billion take from its insurance portfolio and ge capital is eliminating it dividend. That is why it is down on an otherwise update. Viacom stock down friday. The reports of merger talks with cbs and cbs is up a little in viacom is down. Now this. President trump also releasing a treat. We must have security at a very dangerous southern border in a great while to help stop the massive inflow of drugs pouring into our country. I believe it goes on to the democrats shut down the government over amnesty and Border Security, et cetera. The president taking a strong wind this morning. Next one, an army that suing because the scalpel was left in him for four years. 61yard glen turner had surgery in 2013 at the Veterans Hospital in west haven, connecticut it wasnt until last year he went back to the same hospital saying ive been feeling dizzy. Ordered an mri for us had. During that examination he started complaining of stomach injury or senate enemy taken extra and thats what they saw. He suing the u. S. Department of Veterans Affairs and if they cannot testify damages. What is really disturbing when you get into the stories the National Institute of health estimates Something Like this happens across the country not just that hospitals about 1500 times a year. The old joke when a surgeon says anyone in my watch. It happens more often than you believe. He had a scalpel in his stomach for four years. Stuart youve livened up an otherwise dull day. How did you do that . If scalpel in the stomach. There is a looming government shut down. As of friday night midnight, judge napolitano is here. Strata with opinion. I say we should shut it down because the National Interest is fixing immigration and fixing military spending. Most people who believe in small government as i do when you do sometimes agree with you because it really shows how well the country will be protect data and how happy everyone will be without government everywhere all the time consuming more money than it takes in. Heres the problem. Depends how it is sold to the american people. The last time there is one of the shutdown of the republicans got blamed and they suffered mightily at the polls. If the president sells the shut down properly, if a shutdown happens, he can enhance his negotiating strategy and his political base. If democrats capture the 10 say they run the congress, they shut it down its going to be very bad for republicans. Stuart it always goes to republicans always blaming this thing. Stuart democrats are better at blaming republicans than democrats. I dont know why that is. The National Interest at stake here more than the interest of democrats and republicans are president. Our National Interest is fixed that immigration. You are seeking as an idealist. To get it. They are more highminded than members of the congress. Me, highminded . Youre interested in whats good for the country today in longterm. Theyre interested in what what i can do to get reelected. Stuart but if you shut it down, the pressure would be astronomical. He will bring people back to the white house who stormed out the other day after they say what they said they heard because they will need to negotiate in order to save their own political careers. So i am happy when the government loses money because could you imagine a business making money by closing its doors for the government saves money by closing its doors. That makes me happy. That probably makes you happy, too. Stuart we repay all the government workers. Stuart deal at this quickly. Last week the house voted for searches of phones, phone calls and emails. But the cia, fbi and nsa the senate goes today on this. The senate votes to cut off debate. There have been 30 hours of debate after what we have seen, the political use of intelligence data, politicization of the cia, nsa and fbi is beyond me how anybody could vote in favor of this. Stuart it is what is going to happen. Thank you, appreciated. Back to the market, look at the future is holding with the 200point gain. January 4th we had 20 5k. Seven trading days later staring down about 26 k. This will be a suspect the fastest thousand point gain in history. You want to smile . Just checked your 401 k . More varney after this. Hi im joan lunden. Todays Senior Living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. A place for mom. You know your family we know Senior Living. Together well make the right choice. Stuart take a look at Facebook Free markets of today just over 1 . They were down significantly last week because of the changes they were making to their news feed which might take a bite out of their future ad revenue. Mike murphy with us, the man who said facebook, the stock that will go to a trillion dollars value. I stand by it. Last week about the ad revenue, that is over, correct. Over, onward and upward. Advertisers will still spend money on the platform. Its the best platform. We run a Venture Capital platform. The best ways for these new companies to advertise is on facebook and they are all using it so people continue to go to facebook. This is a hiccup for the company. Stuart within the next few weeks they will have their greater profits and outlook for the future. A full report to keep the stock price up of 180. Will they get it . I think they will. As the economy improves, more businesses are being started good more people spending money to advertise. That plays right into facebook hands. Train to facebook has a lot of upside. Explain citigroup to me. As i understand it, they just reported their financial position and lost 20 billion. But that was because of a tax charge. A onetime tax charge they announced a wall street a few weeks ago that this was going to happen with a onetime massive hit to their earnings up over 2 this morning to a new 52 week high because they are looking forward and the tax cut, each dollar city earns instead of losing 35 cents they are now losing 21 cents on it to the bottom line of stronger earnings, lower price earnings and upside for the financials. Stuart for the benefit of our viewers come in the key here is what the ceo says about the future. Not necessarily the prophet they just reported for the last quarter, the previous quarter. What are we going from here. Thats what you have to look at. For the viewers at home, they understand the fact whether their Business Owners or workers, for each dollar you make a few now are keeping 79 cents instead of 65 cents, you get it. That adds up quickly. When people say the market is high, the market can go higher, they are making a major mistake because as earnings improve, the market has a lot more upside. Stuart you are a brave guy. Up 40 on the dow industrial says the election. 40 now and you say its going to go up some more. So many analysts feel like its time to say that we need a 4 to 5 pullback within the next month or so because that is healthy. It stops the over exuberance to quote Alan Greenspan will maintain the momentum. If we ever get, like when we talk bitcoin, getting overstretched in the marketplace, the market will correct itself in any to be corrected. When you look at earnings coming out right now, companies in the u. S. Keep more of each dollar they make. We move higher, not lower. Us confidently say in the dow would hit 26,000 in the opening bell. It might not actually hit 26,000 because we are now showing a gain of about 180, 190 points on the dow. We need to go up to 197 points. Just a tad short, that you know, we want to keep the drama going as we approach the 9 30 hour. That is when the market opens three minutes from now. It will be up. It will be up and we will be close. We could to get a thousand points, 140point gain today. Stuart 25,000 on january 4th. Seven trading sessions ago. That is all it took, seven trading sessions to go up. I remember it, you dont. Back in 1972. The year i was born. Stuart an auspicious year. The dow first 1000 good i believe it. Stuart the 1970s were terrible for the stock market, going sideways and down. Either early 1980s, we had 700 on the dow industrials. 30 years ago roughly 35 years ago we were at 700 now we are on the cusp of hitting 26,000. Rightfully so. Stuart youve been with us throughout this market rally and youve always said the way to go, thats where you put your money. This market will keep on going out. Youve got 90 seconds to go. So yes, luckily ive been right so far. Theyre really the big change here is youre not looking for price earnings. Thats a lot of times how you price the market. That number is increasing not only because we have new technology helping companies to perform better and faster, but now we have a tax cut for companies that they dont improve, they are getting an improvement because of a lower tax rate. When you factor that in, the big mistake is we have to pull back. Ive been doing this for 22 years. There are no rules. We do not have to pull back or the market will pullback and i dont think its ready. Ashley buildings as more and more people see their 401 k s improving, they are buying more and putting more money in so i think its true. This is be open to the market on the left of your screen. You will see the same thing happened for the ballots about to be round. A very exciting day. We are going to be very close to the 26,000 above. The bell starts ringing, and they start trading. This, ladies and gentlemen. Here we go. Lets see what happened. Up 190. We had it. Ladies and gentlemen. Stuart quiet for the trumpets, ladies and gentlemen. Right there at 26,000. That is exactly where we open. That is a gain of. 70 . A substantial gain. The s p 500 im sure is also open at an alltime high up half a percentage point. Not quite the same game as we saw with the dow. S p on the cusp of 2800. Tech heavy of course is up 44 points,. 6 with the nasdaq composite crossed to a new record high 7300. It is astonishing. Thats what it is in its still not on the front page of the New York Times, ladies and gentlemen. I need help. Stuart mike murphy and scott shellady. This is the explosive phase of the rally. Youre not going to contradict me, are you . Explosives can be a big word. Its big for the markets. But is there not to like. Obviously the tax cuts. That is one of the biggest ones. One more wish for the whole thing and that would be to see wages. Bonuses and tax cuts are fine, but i would like to see something more sustainable. This is great. It comes back down to it. Where else will you put your money . This is the place to put it. We cant complain what weve got in her hands right now so should be on the front pages. Stuart mike murphy, we are going to get these donuts says. Scott shellady, dont think that much to it. When we think about tax cut, a lot of people say this is only for the Big Companies going to the rich to get richer. In the last few weeks weve seen 25 different companies, maybe more announcing bonuses of 2000. Absolutely what the economy needs. The average person out there, the average worker. Stuart on your screens right now, look at those gains. Boeing is a stock thats more than doubled in the last 12 months. 342 per share. Visa is another one thats led t