The polls suggests that macron win and europe avoids financial chaos. Its worth remembering that the polls and the market watchers were wrong with brexit, wrong with donald trump, but no question the election in france paf paved the way for this mornings very Big Stock Market rally. Another reason, President Trumps pledge to real a massive tax cut this week. Hes challenging the Republican Party, get it done. In a moment youll see politics and money come together with that big rally and youre going to like it. Varney company is about to begin. Well, there you have it, the riotest, left wing rioters after the first round of the elections were made no, windows smashed, pepper spray, et cetera, et cetera. Because the right wing and centrist candidates won yesterdays preliminary vote and go to the final on may 7th. The left doesnt like it. Traditionally they riot, thats what they did. The numbers, centrist Emmanuel Macron won 23 with candidate Marine Le Pen not that far behind 21 . Just as important, a poll conducted right after the Election Results were known as macron beating le pen handily in the second round, 63 to 37 . Again we are going to point out the polls were wrong about brexit, wrong about trump, but thats a big lead that macron has. Green arrows across the board here, dow is up 200. S p up 25. The nasdaq maybe a 60point gain there. Look at big Name Technology stocks and we follow them very, very closely because they go straight up and they will go straight up again this morning at opening bell. Open up your 401 k , youre going to like it, theres a big rally coming. Im staying on the markets and economics with tenured economics professor peter morici with us now. Is it is that simple, the market believes that europe dodged a bullet and financial chaos and the market is up, is that whats happening . The Financial Markets like stability and like the euro and like macron. Le pen has a lot of ground to make up. And theres a lot of ground to make up. Two weeks is a short time to close that distance. Stuart we call him a centrist, macron, but hes a former investment banker, i think, and i think hes calling for cuts in business taxes. So the man is i will call him center right, i guess is something to cheer about in a French Election. Center right in europe is tough to be, and i think thats where you put him. You have to remember that, you know, france, like so many other places is terribly high taxes and interventionist government and to even talking about cutting taxes is really a positive thing for the french economy. They need Less Government and need more people. Stuart okay. Lets talk about what President Trump said late shall late, late last week, were going to get tax reform. Roll tape. Well have an announcement with regard to tax reform, the process began long ago, but wednesday. Thank you very much, everybody. Stuart all right, peter. I think that that is a message to the Republican Party, hey, get it done. What say you . That is a message to the Republican Party. But trump has to be honest. For every 100 billion dollars he cuts taxes hes going to get some growth, maybe an additional 60 billion dollars in gdp, 100 billion dollars, hes not going to get enough additional growth to make up the whole tax cut. He has to admit that this will increase the deficits if he is indeed really cutting taxes. If its not revenue neutral. If its revenue neutral, its going to be tough to make it pro business. Stuart what about the idea, maybe this is my idea, that the president focuses on a narrow tax cut for corporations, and a cut in the tax rate paid by corporations bringing money back from overseas, and the tax revenue going to infrastructure . It sounds complicated, but those the most simple and i think the most doable of all the tax plans. Again, what say you, peter . Its a very doable plan and i think we could do a lot inside of that by simplifying the Corporate Tax system to get the top rate down. To do that he needs either border tax adjustments or to accept a bigger deficit. Thats one thing. The second thing, hes got to do something for the limited Liability Corporations because so many taxes are paid through there. He has to lower their top rate. All of that creates a bullseye for democrats, and its difficult to get democratic vote. It expires after ten years, if he doesnt get a majority 60 votes in the senate. If he doesnt get reconciliation, it would be bush tax cuts and i would hate to see him do something that sunsets. If we talk about Corporate Taxes one thing i agree with with gary cohn, it has to be permanent to have an effect and impact. Stuart ive got 20 seconds left. Handicap it for me. Do you think we get any kind of tax cut this year . Better than even chance for some kind of tax cut. Stuart got it. I think the market will like that. Peter morici, thank you very much, well see you soon. Take care. Stuart and there when President Trump made that announcement and Congress Woman is with me right now. Its nice to be on. Stuart you know what he is coming. I think that President Trump said clearly to the Republican Party, like yourself, get it done. Did you get that sense . I did. And i am just a huge fan of getting it done, as a Small Business owner and someone who serves on the Financial Services committee. We need to have tax reform. Obviously, we had a miss with health care which well revisit later, but weve got to get tax reform done. One thing that could probably save and help our Small Business communities, especially in where i live in upstate new york. Stuart as ainsidein the Republican Party, thats what you are. Youre a republican Congress Woman. You were inside the white house. I clawed my way to get here. As an insider, you tell me, is the Republican Party ready to unite and govern . Lets hope so. Stuart is it . You want me to talk for the Freedom Caucus and the tuesday group and the i want you to talk to the Republican Party. Myself as a Business Owner and solid conservative from new york, we must get together and do tax reform. I havent heard anyone against it, as you mentioned in reference to your prior segment, there are people concerned about the border adjustment. Im manufacturer, its relying on Currency Exchange rates and that happening, but i think that we need to get whatever we can get done through the house and go through the process in the senate. The senate is the issue. And from the house, i think we could get it resolved. Stuart could we get a focused deal through, you cut the Corporate Tax rate, you cut the rate of tax people bringing money back to america and spend the tax revenue on infrastructure . I think thats very doable in the house and the question is getting it through the senate. I think that tax cuts are something thats proven to work. And ill ll say its up to the democrats to get it done in the senate. Stuart if you just got it done in the house, that would be a win. You know, republicans need to have a long game. We need to have incremental change. We need to have policies that we can pass, you know, oneono oneonone. Theyre so worried about hitting a home run. Im looking at hitting a few shortterm balls right now. Stuart the analogy works any way you slice it. I understand that the president was trying to get on your good side, you in particular. He called your son, who is a marine before the meeting, is that correct . Yes, we will, actually i was hoping to get just an autograph from him and senator purdue said to the president , hey, congresswoman tenneys son is in the marine corps and deploying to the middle east, could she have an autograph . He said sure and he wrote a note on my stationary. And he turned to me, can i call him . And i texted and i said, would you take a call from potus . And it was a beautiful moment where you could see the president was very warm, he shows his care for our troops. My son was thrilled. Okay. Oh, come on. Stuart he was buttering you up. Im not sure about that. I came from my district is a trump district. I think that he has demonstrated, the president , his care for our troops and importance of our military and i think this just showed a warmth in him and i think the conversation was really sweet and my son was very excited about it and hes it was a great moment. I think youre trying youre being cynical, stuart. Stuart moi . As we talk about the French Elections and you speak french to me now. Stuart about 20 seconds left. You handicap it for me. What are the chances of a tax cut of some sort this year . Absolutely, its going to happen. Stuart okay. Youre going to hold me to that. Stuart april the 24th, just after 9 00 eastern time a. M. Yeah, i think we will have a tax cut this year. Id like to see a personal income tax cut because so many Small Businesses like mine use the personal tax. Stuart thank you. Check the futures, well keep an eye on this. Why not . Up almost 200 points at the opening bell. Now this, nancy pelosi calls the border wall immoral, says its a sign of President Trumps weakness, saying president obama didnt need a wall. And ann coulter, ready to sue the school if the speech is canceled. Judge napolitano. Dont miss foxs lineup. Tucker carlson 8 p. M. Eastern, the five 9 p. M. Eastern. More varney after this. Whoa, this thing is crazy. I just had to push one button to join. Its like im in the office with you, even though im here. Its almost like the Virtual Reality of business communications. No, its reality. Intuitive one touch Video Conferencing is a reality. And now its included at no additional cost with vonage business. Call now and see why 3,000 companies a month are switching to vonage. Business grade. People friendly. Arbreak through your allergies. Try new Flonase Sensimist instead of allergy pills. It more complete allergy relief ia gentle mist you may not even notice. Using unique mistpro technology, new Flonase Sensimist delivers a gentle mist to help block six key inflammatory substances that cause your symptoms. Most allergy pills only block one. And six is greater than one. Break through your allergies. New Flonase Sensimist gave us the power to turn this enemy into an ally . Microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. Welcome to holiday inn thank you wait, i have something for you making every stay a special stay. Holiday inn, smiles ahead. Whether for big meetings or little getaways, member alwaysave me atolidayinn. Com some individual stocks are making news and making big gains this morning. Thats hasbro, helped by demand of video games. Remember, of course, they also make transformers and nerf toys doing well. The stocks are up. And a drilling activity in north america that helps halliburtons bottom line, 47 a share right there. Over the weekend more sabre rattling from north korea. What do they say theyre going to do . Theyre ramping up the rhetoric, they say theyre ready to sink a u. S. Aircraft carrier with one strike. And they do missile testing korea is on high alert. Stuart the price of gold is 17. That implies that theyre not taking the north korean threat that seriously, realistic. Berkeley students, some threaten to sue the university if ann coulter isnt allowed to speak on thursday, the day she was supposed to speak and the day she wants speak. Get this, too, antiisrael activist will speak at City University of new york on graduation day. All rise, judge napolitano is here. Im shaking my head. Stuart what a contradiction. We shouldnt be surprised that academia will not further their ideals, supposed ideals, left wing propaganda rather than figure of speech. And kuny, city of new york, and berkeley owned by the state of california so theyre regulated by the constitution, but the Supreme Court has said, as inexplicable as this sounds, government has the freedom of speech. Government, even though this end of government is controlled by left wing academia, can decide how it wants to spend its money and what speakers it wants to put on. I dont believe the students have a cause of action because berkeley can decide who to put on. Ann coulter has a cause of action because she had a contractual relationship. Its contractual with government, regulated by the First Amendment which has a duty and obligation to protect her right to speak and the right of the students to hear her. Stuart university at berkeley, they want ann coulter to speak on may 2nd, not on this thursday when ann coulter was due to speak. They said, okay, you can speak on may 2nd. If she fronts up on may 2nd, theyve got a choice, they can support free speech and protect her or they can go against free speech and arrest her. How could they arrest her . They could arrest her on thursday and she turns up and thats not the day shes supposed to speak. Sheante arrested to show up to speak on public property nor for the conflagration of the words, and the heckler decides to make noise in combination, theyre effectively the right of the veto to speak. And the Supreme Court ruled you cant blame the speaker of what the hecklers do. We have a very difficult problem on our hands by a fundamental misunderstanding of freedom of speech on the part of the government. When the government engages a speaker, the government has a duty to protect that speakers right to speak and the listeners rights to hear what they have to say. Stuart do you know that Bernie Sanders has come out and said that ann coulter should be allowed to speak and point of view. Bernie is good on Civil Liberties and excellent on the freedom of speech and suffered at the hands of hecklers who tried to silence him. The purpose of the First Amendment, to allow and protect the intercourse of ideas no matter how harshly they may much express. Intercourse of ideas leads to truth, illumination and people to help think for themselves. Stuart these truths are sel selfevident. You thought it was a traitor, it was thomas jefferson. Stuart i have to on. Someone told a 11yearold ago, about the president. And s p, nasdaq, way up. More varney after why dont we take another look at futures . Because were going to go straight up at the opening bell. Thats something good on a monday morning. Why . Why is the market going up so much . Because the centrist in the French Election, Emmanuel Macron, looks to be the eventual winner, avoiding financial chaos in europe. Keith fitz joins us, keith fitzgerald. The polls were wrong on brexit and donald trump here. Do you think they could be wrong on the electn inrance as well . Well, thats always the question here, what i find interesting here. And macron is a centrist and thats not a term you hear often. What the markets tell they didnt get the extreme leftright and thats good for your money. Stuart im sorry, liz is coming into this for a second. Liz hi, keith. Stuart good morning, elizabeth. Liz good morning. Stuart youve got numbers from macron, he wants to spend a ton of money, he doesnt want austerity. Liz he wants a fund, he wants to push back on the imf, which is trying to restrict spending and help to bail out entire countries, like greece and sec force in the eu. Stuart and thats why this market is up, keith. Bingo, because, you know, if you take away the punch bowl before the party is started youll have a bad party. What he says, hey, we didnt have enough punch, lets go all the way to the races on this. Thats bad, as we know for capitalism, but good for the markets right now. Stuart it is. And watch the fabulous five go as well. And keith, stay with us, well be covering the opening of the market in just a moment and that market will go straight up. 190 up for the dow, 23 the s p, that, ladies and gentlemen, is a rally. Hope you can stick around and watch it unfold. I use whats already inside me to reach my goals. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its supposed to do release its own insulin. Trulicity responds when my blood sugar rises. I take it once a week, and it works 24 7. It comes in an easytouse pen. And i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. Do not take trulicity if you or a Family Member has had medullary thyroid cancer, if youve had multiple endocrine neoplasia syndrome type 2, or if you are allergic to trulicity. Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which ca