 President Trump's economy is roaring and much of that success is thanks to his reversals of Obama era regulations so why aren't more Republicans pushing that money message on the campaign trail and why our new numbers showing that Wall Street is backing Democrats ahead of the midterms here to help us make sense of it is Melissa Armos she's the owner of the Stock Swoosh LLC thank you so much for joining us great to have you with us so let's take a look let's begin with those Wall Street donation numbers and it compares what 56.8 million in donations to Democrats with 33.4 million to Republicans that's according to the Center for Responsive Politics but you say even though these numbers are showing this it's fake news fake fake fake fake fake I when I saw the headlines it was on Halloween the Democrats are giving more money to the Republicans for the first time in 10 years I said fake news right there because it's when people read the article they just look at the headline and say oh all of a sudden now Wall Street it's good for the market they want the Democrats to win the house to win Congress that's not true at all one of the reasons why they're giving money is because they think that the Democrats are gonna win and they want people as allies for example Maxine Waters is maybe if the Democrats win would be the head of a finance committee and they're going through all these regulations now so the banks all these investment companies they're worried so let's take a look at some of those Obama regulations just a few that the president has rolled back we have a slashing energy regulations we have tax cuts record low unemployment and then the Dow Jones industrial average which is up 33% so in terms of those specific policies that have been rolled back take us through those that's what I'm saying that's why it's fake news because people on Wall Street know that Trump as soon as Trump was elected the market has run up every day since so for as far as the stock market goes as far as Wall Street people go Trump has been great for the market Trump's taking credit for it and rightfully so anyone that's had a 401k you've been invested in the Dow or the S&P you've seen between a 30 40% return you expect that to continue if that's what I'm saying Trump is still president no matter what happens with Congress however there could be gridlock and they could try to roll back some of these the D regulations that Trump has done and the tax cuts is another big concern because what would happen going into 2019 Trump is trying to do this second round of tax cuts what if we can't get that through I think the market likes Trump I think it's a fact the market has rallied it would be interesting what the market does after midterms if if the Congress stays Republican I think you're gonna see a big lift if it doesn't you might see some more volatility and selling in a shakeout I still think we're gonna hold the uptrend because ultimately Trump is still president for the next two years however I think there could be some gridlock and some volatility that could happen that could hurt the market and that's not good for anyone even people that are Democratic had seen a growth in their 401ks how can anyone say that's negative and that's why I don't like to see that and I say it's fake news because it it's an assumption that if people don't read all the story and know all the facts to think right well people on Wall Street one being the case why don't we hear more Republicans out on the campaign trail being crystal clear as you are right now because they're not market people one they could be afraid to come out and say that or two they may not have all the information just rolling back regulations in general why aren't we hearing more about that and the success of that I know I don't know I don't understand why are they afraid to come out and say these things because of all the negativity that's you know people have been saying these things negatively about Trump I don't know why if you look at the facts of how things have changed you can't argue with what the market's been doing that's right it's not just the market you've had record numbers with unemployment and also we have a new number out today we'll see what it is it's coming out at 830 you've had growth GDP number has increased and wages increase how can you possibly see any of these things are negative and how can you possibly say that wall streets you know that want the Democrats to win because ultimately they're looking to make money yeah and so that's why their concern is that the Democrats are going to win and then they're not going to have any allies there and that's why they're starting to get money now this last month and right before the election we will see bring up some great points thank you so much for joining us love it all the time now it's about six minutes until the top of the hour from bad to worse disgrace to actress Heather Locklear facing some legal troubles 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