Transcripts For FBC Making Money With Charles Payne 20170515

FBC Making Money With Charles Payne May 15, 2017

Homebuyers. Its a margin of more than twoone. Theyve outpaced renters since the First Quarter of 2006. As for the Fourth Quarter corporate profits climb. 1. 7trillion. Then you can see from that trot chart finally crumbling. However white now. They are ready for a new alltime record. The early season wrapping up almost last week. As been better than advertised. So far 91 companies had reported. 13. 6 blended Earnings Growth nine of the 11 sectors have seen faster growth. This economy is firing on all cylinders. There is no doubt that this was is happening under president obama it would be Headline News but even republicans are downplaying the trump economy may because they want to continue to put pressure to get the rest of the agenda through. Ladies, let me start with you. Veronica its been a long time. I am shocked that this is not more news. Its really incredible stuff. They talk about the soft data but were seen hard core data that shows this economy is really starting to get in gear. People are feeling confident especially the millenials and account for some the account for some of the firsttime home buyers in this equation people are feeling more secure about their jobs, some of them are seen wage growth. But this shows people who are younger especially are feeling more confident. There getting out of their parents basement and taking the plunge. Its really good news for some Home Building stocks. Immediately after the election we saw a variety of sentiment numbers go through the roof. Whether it was just general consumer sentiment. Its beginning to manifest itself into something that tells me Mainstreet America is ignoring the media they are switching jobs they were listening to all of the noise that comes through the media. Instead were seen consumers really confident but were also seen them spend money. They are spending money elsewhere. The big ticket items. I also think its important to look at the discrepancy between main street and wall street. If donald trump doesnt capitalize on this sentiment we could see it fall. For now people are hanging on. The consumer is confident. I look at it every single day. I think shelby is on to a key critical point here. Not only is the Mainstream Media downplaying this. I talk about the economy and the kind of try to downplay it. When it even going to reach 3 growth this year. Is this a related move to keep the fire going. I think it is absolutely a mistake. If this was president obama and these numbers were coming out the mediate media would be singing hallelujah. I will say this. I think the folks in congress in particular dont want to take their foot off the gas. They want to make sure they get the tax reform through because what the white house at least knows is that President Trump in his time in office solely hinges on the economy. At this is continuing into the next four years he will be reelected. He wants to undersell and over deliver. They are concerned about the midterm chances. Hes getting quite a bit of help from abroad. Him winning in the European Union seen together. They obviously affect american markets. Speemac on the side though with people now starting to quit their jobs with people started to buy homes instead of renting the as a signal of law longterm confidence. I never thought as President Trump under promises. However maybe in this case maybe there is some strategy behind it though. We do need to see more we do need to see tax reform. It hasnt happened in the First Quarter. That didnt happen. I think the artificial timelines and dont necessarily matter. If they believe it can happen. However, there is midterm elections to contend with next year. So the political will to get things done lessons as time goes on. I take a lot of folks really want to see these changes and they are doubtful the later the year goes they may not happen. Tax reform happening at the beginning of 2018 is not a bad thing. This can only get done through budget reconciliation. And basically the republicans only had two bites of the apple. Or else they lose the ability. Thats what they should be focused on. If they do that the economy will be booming. I hear what youre saying. A buddy of mine just got a job. Its gone from double digits to about eight and half percent. That has room to go much lower. If the economy is better do you risk shooting yourself in the foot even though the reaction to present jumping in the white house is already having a positive self fulfilling effect. When we look at these numbers typically when it trickles down to main street usually takes nine months to a year. So pushing these items through over and over and making sure you get the agenda through is only going to further prime the pump. I think we have to keep going and dont shoot yourself in the foot. If you do that the voters will believe in you. I think you also need to be careful what you say in the agenda and what the final tax plan is. Were talking about housing before. Part of the tax plan right now is to limit the amount of deductions. One of those is limiting the state and local income tax deduction. If he does at the Housing Market could take a real hit in places like california and new york and discourage firsttime buyers. I think that is really dangerous. I also think there is a political rest of all of the forecasting. You are playing with peoples hearts and mind when you talk about healthcare. When the plan gets through lets assume the senate will send Something Back to the house. Ultimately something may pass. I dont know if they are going to read it or understand it no matter what. It will be left up to both sides in the media to tell them whats in it. If they know healthcare is done. In the meantime the economy is picking up that seems like the ultimate trifecta there. That is what President Trump ran on. Particularly the stuff thats happening in the middle america. If he can encompass those things people will look at him at a success. That is the Biggest Issue for americans. And if they see concrete evidence they have jobs. They feel good. I totally agree with you. Put people back to work. It is the sole reason why donald trump was elected. They were outpacing by a twoone margin. They were building the starter houses. I think it is a good sign to come. Let me ask President Trump. Hes good to go on his first major foreign visit. They are continuing to focus on america but ultimately we know it all plays a big role. Even as these numbers are looking amazing. Its the biggest unreported street other. Some people are upset with President Trump. The Court Supporters are absolutely happy. He has exactly the right idea. Whether its building the wall read negotiating trade deals. I think one of the issues as they are very unhappy with republicans in congress. What is your greatest worry about whats happening . Its a force is underscore that. They havent had that in a decade. Now its materializing to people buying homes. People switching jobs. That always happens right before wages have that. There is very positive signs. The big risk is that nothing happens nothing ends up substantial gets done in 2018 and then we are hit with some big event that we werent expecting. Whether it was larger scale cyber attack. Some other International Issue that really puts a cold water on the economy. Would you equate the impossibility of that. With the Nuclear Event perhaps. A massive cyber attack that exposes us with not getting the agenda done. Would you put all of those risks at the same level. They are all risks to investors. We cannot ignore any of those risks. The irony here is that wall street used to love it when nothing got done in washington dc. Its something that they heard in the campaign. The bigger reason why is regulation. We watched president obama tight regulations. Now that they feel those regulations going away. I have some breaking news coming in. Senator mark warner tweeted that President Trump up. It revealed classified information to the Russian Foreign minister and ambassador during a white house visit if true this is a slap in the face for the intel community. We remember seeing the photos taken by the Russian Press because the American Press was barred. A lot more for this show we will be right back. Looking from a fresh perspective can make all the difference. It can provide what we call an unlock a realization that often reveals a better path forward. At wells fargo, its our expertise in finding this kind of insight that has lead us to become one of the largest investment and Wealth Management firms in the country. 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Well take 2 [ laughing ] xfinity x1 gives you exclusive access to the best of the Billboard Music awards just by using your voice. The Billboard Music awards. Sunday, may 21st eight seven central only on abc. Breaking news for you. We want to follow up on this. Senator mark warner tweeted this afternoon. He said he revealed that intelligence. Of this is true. According to the tweet tweet is a slap in the face. Its inexcusable particularly for the russians. I was a very cryptic tweets there. A lot of names remain out of it. Theyre saying and make have something to do with isis. What you make of this. Without a doubt i better be something to back it up. Here is the interesting thing about this. A president cant really release classified information that is a top level. Basically the four star generals in the top dogs can relate anything they want. Its difficult to find out if this is true or not. They claim all of these unnamed sources with knowledge of the meeting which means they werent there. The only name source he said none of this happened theres no way it happened. It was about vanessa isis plot to a city. Before the Boston Marathon bombing for example. Does this point without a lot of scuttlebutt. The elevation of someone that came to the coo or someone closer to present trump to zora black store a block and make sure that these things even the smaller things that can be mushroomed or avoided. Donald trump needs to get them there. It is significantly more outofcontrol than it was before. I will not lead to much magenta. Only because weve heard that every civil day this been right a few times and obviously he said hes willing to fire someday. I think the rumors of different staff decisions are exaggerated. He really does need to do is get some in the has a lot of experience. This should be the First Executive job and there is concern amongst four people that they really dont know how to manage an executive was so much scrutiny. John the breaking news that present trump giveaway some intel and by doing so you risk the sources. What are your thoughts on this tweet he is trying to get the hit of the headlines. As i can to do much for his credibility hes trying to be the number one anti trump in town. That to make these decisions. His own qualified and elected. Mark warner is a minor player. He likes getting the headlines. The source that he is relying on. Its always the same source. Having run the gop in california is there any changes you would like to see the white house at this time. I would like to see the white house continue to do a reaction. Its a new franchise. It is not that. I watched the fact that there way ahead of the curve. The Oppositional Party doesnt know what to do. Most of the news media doesnt know what to do. Most americans like what trump is doing. He is definitely the outsider. I have no regrets. I think most of us think its good most of the time. North korea sending a Nuclear Warning very successful test. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp you know how painful heartburn can be. For fastacting, longlasting relief, try doctor recommended gaviscon. It quickly neutralizes stomach acid and helps keep acid down for hours. Relieve heartburn with fast acting, longlasting gaviscon. And helps keep acid down for hours. At crowne plaza we know Business Travel isnt just business. Theres this. a bit of this. Why not . Your hotel should make it easy to do all the things you do. Which is what we do. Crowne plaza. Were all business, mostly. U. S. Officials are closely monitoring the aftermath of the north Korean Missile test. Claiming that the newest rocket is capable of carrying Nuclear Warhead and the its arsenal could reach even american shores. The white house responding to the summit missile test. Captain chuck nash. I looked at a diagram that showed the trajectory of this missile and it flew over 400 miles but the way it was suggested if they change that it will now hit guam and perhaps soon hawaii and other u. S. Assets, when do we panic . I dont know when we panic but i think when do we actually do something we are posturing and we are doing a lot of that. Theyre supposed to be a big meeting at the Un Security Council tomorrow. That the United States has called for. There will be more talk in new york expect the air to heat up up there a little bit. In the meantime the chinese they are saying this is not very good and its against the un. The russians said quit bowling can. Dash bullying kim. Nothing is in a stop unless we do. With the shutdown of their program internally and use technical means to do it. I dont see an outright military strike coming. Given to the risk of the south korea. I want to let the audience know that you were the former cia director. He wanted this guy to win. It was was part of the old sunshine policy. Hundreds of millions of dollars were put through that plant. Yet the president of south korea actually extended the olive branch and still you get this belligerent act that makes us wonder is there any negotiating with the sky. They dont want to ever negotiate away their nuclear weapons. They are not cannot act any differently to him that his conservative predecessors. Just like when they did the nuclear test in 2009 it showed that they were going to act any differently to president obama than george w. Bush. This weekends launch is really a litmus test will he uphold and defend the un resolutions when will he maintained south korea sanctions against north korea or will he pursue his goal of a return to the sunshine policy of a less conditional engagement with north korea. Present trump has been very patient. Hes been stern, a lot of people believed that the mother of all bombs was a direct message to north korea and even china has pressured them. Potential a timeline you have to believe that a lot of things are happening behind the scenes. They have gone from these missiles and fizzling out on the launching pad to traveling almost 500 miles at a trajectory that is suggesting double or triple that. Have you straighten that out could you get 2000 miles. They have a significant presence not only in guam but closer and when you get to japan and elsewhere. All of it is building towards a very bad and we talked about this before. When you look at capability and intent the intent here according to their stated purpose is to hold the nine states hostage to a nuclear strike. Then you have to say do they have the capability, right now it appears they dont. But after this test i think we have to reassess is it really five years before they will have it where is there a shorter time frame and then does that make the possibility of using military strikes regardless of whats going to happen after that but we cant let him have the capability in the intent to nuke the United States. It was absolutely a non starter. On up uproar over the new this usa. We will discuss it next. Before i had the shooting, burning of diabetic nerve pain these feet. Jumped into city life as a kid. Raised two rough and tumble boys. And kept my town moving. But i couldnt bear my diabetic nerve pain any longer. So i talked to my doctor and he prescribed lyrica. Nerve damage from diabetes causes diabetic nerve pain. 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