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And three days before the election in minnesota. i ended my speech. i was so scaredh to get up there. i pointed to the media i said you are wrong. he will be the greatest president in history. now everywhere i say i told you. they didn't have the same one-on-one but they will call me. and to say we love what you are doing that what is wrong with you? you are aligning yourself with this man. and then i go down the list. isis is gone. the high stack market. low gas. now all of my friends are employed. it is just amazing to me.

>> is this really a white house showing anxiety? the president likes to tout the economy to the base the fact he's doing well. >> listen. last thing you want them to do is say the banks were fine when no one was worried about the banks. >> should we be worried? >> most bankers said, listen, steve, we are okay. there's no liquidity crisis here. there are some weaknesses in certain portions of the credit market. this is getting into the weeds a bit but there are these products called levered loans, highly levered loans. borrowed money used to support them and tanking of late but it's not -- noth...

We played this song for our man of the hour. >> you better believe it. servserved it up for you president trump agreeing to a 90-cease fire to hash out an agreement with china. if there's no deal there the president can make good of his threat of hiking tariffs to 25%. >> our next guest calls this move a huge sigh of relief. here to explain, stuart varney. good to see you. >> good morning. >> so in the initial reaction it seems to me the markets are going to say wait a second, they have a pause here and that's good but there's a lot of work to be done. >> iement not goin i'm not goint what the...

Corporate america do it. >> but the shareholders it's important to understand 2/3 of americans own stock. a lot of people have pensions invested in the stack market so it's good for whereverybody whee market goes up. but do wages go up in i'll be honest about the economic question if the was all republican votes. if the economy goes flat like it was under obama and people don't see a big improvement -- >> hold on. it was a slow zbloth pretty flat. >> no. it was not flat under president obama. >> 1% average growth or so. and people, look, average americans, you have to admit -- this is bipartis...

>> one thing about the stack market and the bottom market is the fact that not only is the tax reform bill going to increase the budget deficit, but so will this budget deficit signed by the house and the president. we're going to start to see $1 trillion a year deficits at a time when the feds are raising rates, when the feds are no longer buying bonds like it has over the last 100 years, and that's an environment that could be a deficit for the economy. and when the feds had to do what they did, it's no longer in a position to do what it did and can't even try with deficits this large. >> wh...