Reform. It was about getting back to basics, investors turned their attention to upbeat reports on the economy, comments on Interest Rates from an influential member of the Federal Reserve and corporate profit t. Dow jones industrial average snapped an eightday losing streak rising 150 points, the nasdaq added 34 and the s p 500 was up nearly 17. Lets start with earnings. The end of the quarter is a few days away, already the expectations are high. Reporter the end of the First Quarter is just around the corner. The bulls are hoping a strong earnings season may provide a market stabilize tore what is likely to be a very rocky debate over tax reform and infrastructure spending. First earnings are expected to rise 10 from the same last year. That would be the best quarterly showing in six years, it might be better than that, the first 12 companies, micron, nike, oracle, theyve reported average earnings gained of about 12 . Those have also seen the best quarterly gains since the Second Quarter of 2018. Its not just earnings, revenues are expected to jump more than 7 . That would be the best growth weve had in five years. So whats the key to these rising numbers . First, the two biggest sectors are technologies and financials. Theyre set to deliver earnings gains of 15 apiece. Thats huge. These are the two biggest sectors, second, energy earnings, after nearly two years of decline, you know whats going on there, theyve turned positive as well. Is there any risks . Yeah the big one is to oil. The ability to pull off big gains in 2017, it seems problematic. Oil is in the new 40s, many of the earnings estimates closer to 60 a barrel. But the average price per oil this quarter is 52, and that might be enough to pull off expectations tore earnings for the Oil Companies this quarter t. Bottom line is the markets are about to enter a seasonally couple of weeks, prior to the april rooen 18th tax deadlines, any good news on earnings will be welcomes by traders. And with a plethora of uncertainties facing the market in the next couple of months, how should you position your portfolio . Joining us is a Market Strategist of an Investment Firm heritage capital. Great to have you here, welcome. Thanks, for you having me. You think investors should use the weakness we saw in the last couple of days to buy to add to positions, why . Well, first of all, nothing new, stocks are really still the only game in town. Its been that way year after year after year during the secular bull market. It remains that way today. Weve gone through an 18 month stealth market. You want to calm it an earnings recession. Whatever you like to call it. I liken it to 1994, 2004, we had a yearlong plus period where stocks regained it, regathered themselves, paused to refresh, now earnings are kicking up into high gear, as bob just mentioned the economy is more stable, better than it has in a while. And the dna markers that you typically see before a bull market ends are not present today. So although the bull market is very old, its wrinkly, its not over. We should pick at least 23,000 but before the bull market ends. Old and wrinkly but not over. You are describing how i feel right now, palm. Lets turn to those earnings, which i think are really important. Are earnings really good and Getting Better or are they, were they just so bad a year ago that they look better by comparison today . Sure, you know, you are not old and wrinkly, you got many more years left of this. To your point, were talking about cops, remember, the First Quarter of last year was disastrous. Right, it was right at the end really to the end of that pretty good earnings report. Are they that much healthier today than then . Or are we going back to a year they batted 220, now by comparison, theyre doing better . I think its twofold, one, the comps are easy, anybody can walk over comps. Also, look at we know that whether you want to say its coincidental or because of the election the economy is doing better. Look at Consumer Confidence. Look at what ceos are saying. People feel better. They feel there is a hugely strong pro growth agenda, the strongest since bush chose first time or after clinton, people are feeling better, the economic prospects, the average person is feeling better than they did. Whether that is fiction or reality, its certainly contradict to the economy and the markets. Very quickly, with the last 30 seconds on the sector side of things, where would you put money to work . Well, assuming i had some, at least a little bit of growth or a bounce from, i think you have to start with large caps. Im not sure a really aggressf investor. I definitely find any dip, any weakness, you have to be a pieer of stocks. I look at if are you an index investor, stick with the anne p s p 500. Dont overthink this. I think europe offers values for people. Im really concerned about the bond market long term. I dont mean the next couple of months. I would use rallies. A lot of people own tons of treasuries the exact opposite the dollar cost average, at a bonds in the stocks and commodities, protect against inflation. Palm, thank you so much. Thank you. You bet. More now on that upbeat Economic News we told you about, Consumer Confidence jumped in march to levels not seen since the year 2000. The optimism driven by solid job growth, wage growth, along with rising stock prices and cheap gas. The conference boards Confidence Index is used as a gauge of future spending and in nearry as confidence rises, consumers spend more. That, of course, 15 part of overall growth because Consumer Spending is worth reminding you, that accounts for 70 of u. S. Economic activity. And home prices rose at the fastest pace since 2014 and are appreciating more than twice the rate of inflation and wage growth. According to s p case index, Single Family home prices rose nearly 6 if january as we have been reporting, lean Housing Inventory is helping drive those prices higher. But those high prices are also making it difficult for some americans to transition from renter to homeowner. And now to the Federal Reserve. Okay, every investors wants to know what the second most powerful central banker in the u. S. Thinks of the economy and the direction of Interest Rates. Today, vice chair Stanley Fisher shared some thoughts with Steve Leishman. Reporter among essential banking colleagues, said Vice President stan fisher has generally been someone that wants to hike Business Rates sooner, its news to the market when he says in this exclusive cnbc interview, he aligned with other fed members that want to raise rates just twice more this year. With the average forecast of two rate hikes this year, does it seem to be just right . Should the market prepare for more . That seems to me to be about right. Thats the smart course as well. I think there is some more. Reporter part of his reasoning, the recent Health Care Bill which changed his internal calculus about how much fiscal stimulus should come from washington this year. He says the fed is right to wait and see which of the Trump Administrations policies are adopted, rather than acting preemptively. Its the sensible thing to do. I mean, you get out there and say i expect a deficit or suchandsuch and tax cuts of suchandsuch a size. You know, it comes from the administration. It will go through the congress. It will be different than what went in. And you dont, i think its a good way of doing it. Reporter fisher said tax cuts, if enacted, probably wont affect the u. S. Economy until 2018 at the earliest. Another reason for the fed to be cautious about counting up too much growth, the possibility of trade protectionism from the Trump Administration. Im concerned about the possibility that something that all in all worked very well, which is the policies put in place after world war ii and that continued until recently. That worked spectacular for china. It worked for us. We are able to buy many, many things, we wouldnt have been able to make had it all been up to us. So we benefit from that as well. Id be concerned if that basic model is overturned. So fisher mayened up being a fed who may want to hike more and sooner. He made clear he will only change when he is sure the policies are going to clang as well. For the nightly business report, im Steve Leishman in walk. The auto maker is not firing on all cylinders, Green Light CapitalDavid Einhorn is now calling on gm to split its stocks into two classes. He wants one class to receive gms current dividends and another to be more growth oriented. In a phone interview earlier today, mr. Einhorn explained his plan. I would compare it to an ice cream stand, that just serves chocolate and vanilla swirl ice cream. If you gave investors more choice, some people like chocolate. Some like vanilla, some like swirl. If you have to implement in our policy, you would wind up with one share each. So if you like the swirl that you have today, you could keep the swirl. If you would like to have more dividends, you could sell the Capital Appreciation sales. If you like just the Capital Appreciation the lone multiple, then you could sell the dividend shares and buy the capital depreciation shares. General motors is not buying the chocolate, vanilla or the swirl. They say it creates unacceptable risk. It is not in the shares, of gm up 2. 5 today. Ford motor plans to invest is billion at jobs. The investments were in the works, though, before President Trump took office and the announcement comes a week after the auto maker provided a First Quarter profit outlook that was below expectations. The white house wants to bring back coal jobs in an effort to do that the president today reversed obama era energy policy, while the industry applauded the move, others say fixing the coal industry wont be easy, especially now that other fuels are cleaner and cheaper. Reporter the Trump Administration took steps tuesday to gin dismantling Barack ObamasClimate Change effort on what this white house called his war on coal. We will put our miners back to work. Reporter in an executive order the president initiated a review of obamas clean Power Plant Regulation on emission, with an eye towards rolling it back in the future. Trump also rescinded obamas leasing moratorium and began review of methane rules and hydraulic fracking regulation zpls we are ending the prosperity and rebuilding our beloved country one of the actions it will not fix is economics. Natural gas has become more inexpensive and available t. White house said it did not have an estimate of the football of jobs its actions would create. I see it maybe eliminating or reducing the reduction of coal in jobs. I definitely dont see it as a revitalization of the industry. The coal industry is having to compete with natural gas. Thats been the biggest problem. Reporter the Energy Industry largely applauded the move. One of the greatest advantages america has is its natural resources, now what we can do is unleash those forces, whether its nuclear, comb, gas, renewables, or even kind of new modems for energy efficiency. To have job growth to make lives better. Reporter the white house dismissed the concerns of environmentalists who said the president s actions could have disastrous consequences. A Senior Administration official at the white house says the best way to protect the environment is to have a strong economy. For nightly business report, im eamon javers at the white house. Still ahead, conflicting signals, how you should manage your Retirement Savings in an uncertain market. Wells fargo agreed to pay for a action scandal. It requires approval and will cover customers who put in a claim they authorized an account without their concept. In december, they settled with the government. Corporate america is always focused on policies out of washington and no more so than now. But for the fast Food Industry, the Unanswered Questions are starting to pile up. We talked to one of the biggest players in fast food. The ceo of young brand. The fast Food Industry is being pulverized on the failure to repeal and replace obamacare in the house, some hope to maybe Gain Health Care costs for employees. The former ceo of cke restaurants, Parents Company of carl junior and hardees no longer in contention to be the labor secretary and there have been recent executive orders cracking down on immigration, threatening one of the Biggest Industries that employ immigrants labor, fred craig the Parent Company of taco bell, pizza hut and kfc is optimistic, particularly about the prospect for tax reform. A lower tax rate i do believe would increase investment from people. Remember, our Corporate Tax rate is low, our franchisees living in individual companies, our u. S. Franchisees would have a higher tax rate than we have. I think lowering the tax rate, its business would be a good thing for industry. If you get personal tax cuts, i think that would be helpful for your consumers . Absolutely. We give tax cuts to the middle income in the u. S. And below, that people will spend money. Reporter traders hope all that deregulation will go a long way towards helping the restaurant industry. We just immediate to make the it simple. When the federal government has won the State Government has another and the local authorities have another, it just makes it particularly difficult and in our case, our franchisees are doing most of the investment in the u. S. And regulations can just drive them insane and away from investment. Reporter we also hope despite Consumer Sentiment after the election will translate into higher spending. He describes the u. S. Consumer as still value oriented. So despite some possible early setbacks, on a policy front the fast Food Industry still has a lot of room for improvement and hopes of a bump if business from washington. For nightly business report, im sar have a eisen outside jacksonville, florida. Positive trial results is where we gin tonights market focus t. Biotech company said its medication for a chronic conditionrelated Kidney Disease has no approved treatments in the u. S. , performed well during a trial, they said they plan to discuss next steps with the food and drug administration. Shares up 5 morris to 19. 09. Porpoisetive news on the biotech front, regeneron says the fda granted approval for the ecsema drug t. Treatment will carry a list price of 37,000 a year, regeneron shares were off a fraction at 8255, santafee flat at 4535. Carnivale said Strong Demand for caribbean cruises and higher on board spending helped profit top expectations. The company says it is see theing strength in the number of bookings for the remainder of the year. Prompting it to raise its outlook for 2017, carnivale shares higher at 5926. Shares of Darden Restaurants continue to surge today, following the companys stronger than expected earnings that came out after the bell last night t. Owner of olive garden gave an upbeat profit forecast and said it was taking over restaurant chain for almost 800 million. Darden up 98 to 8262. The competition between facebook and snapchat is heating up. Facebook launched three new features similar to snapchat abilities, including adding filter effects to your pictures and send video and photos directly to your contacts. Wall street sent shares down about 7 for snapchat. Facebook was up 1 to 14176. Rest rakes hardware posted sales ahead of expectations. The upscale Home Furnishings gave upbeat guidance and noted the transformation were behind it. Shares initially rose more than 10 in afterhours trading adding on to a 3 gain in the regular session where they finished at 38 even. With uncertainty lingering heavily in the markets these days, what should you be doing right now to protect your Retirement Savings . Here with us to discuss is rick edelman, founder of edelman financial services, always good to see you. I want to gin with a question a little off topic here. Lets assume for a moment that i as a result of this very nice run in stocks now have more stocks than im comfortable with. 70 as opposed to 60 . All right. We are talking retirement accounts here. I want to get back to 60 , should i sell stocks within my tax sheltered retirement plans or outside of them to get back to my ideal mix . Given the choice, do it inside your retirement account. Because that way its tax free. If you were to do it outside the account, you will occur a Capital Gains on the profits. You are absolutely right, do it inside the tax deferred account. You are right of the fact of rebalancing back to your desired allocation modem. A lot of people miss this point. That i dont realize there was a runup of stocks, we have enjoyed the