DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
New Focus on President Trump's Agenda as AG Sessions Recuses Himself From Russia Probe
Charles Payne: There can’t be too many distractions. This administration can’t get too caught up where they are not able to get stuff done. Don’t get distracted on other things to where it hampers your goals.
Charlie Gasparino: Trump is a tenacious fellow. There is a reality to legislation. Republicans do not even have a budget. How are you going to do tax cuts or tax reform if there are no budgets? I’m not sure exactly what the legislative game plan is. It looks like they are getting stuck with ObamaCare malaise.
Geri Willis: The Democrats are going to put a lot of roadblocks to repealing ObamaCare and meaningful tax reform to try to slow them down because they have very little power.
Gary Kaltbaum: The problem going forward is that we have an election next year and every day that goes by without anything getting done, they’re going to start calculating where they are going with this. Any more distractions will affect the market and that will not be good for the country.
Adam Lashinsky: Certainly, democrats want to stall and stop some of the more egregious goals of this administration. Some of this is quite serious where it’s not just democrats that are distractions to the President who is, by the way, highly distractible.
President Trump Calling for Merit-Based 'Legal' Immigration System
Charles Payne: We need to go to the points system that Canada has where you get points for knowing English and having requisite educational levels. The higher the points you have, the more likely you will be able to come into this country. That makes sense.
Charlie Gasparino: We should not be the welfare state for the world. Europe has already tried that and it has caused tremendous social upheaval. Immigration policy has always been to benefit the host country. For whatever reason, that has not been the case with our country.
Geri Willis: There is no shame in being selective like Canada or other countries.
Gary Kaltbaum: The tax payer is already getting crushed in every other way. Going to a merit based system brings much needed relief because these new immigrants would not be using our entitlement programs.
Adam Lashinsky: There is nothing objectionable about having a conversation about moving to a merit-based system as long as we talk about humanitarian aid as well aka refugees. But we’re still not addressing the eleven million undocumented workers already here.
Shares of Snap Surge During Wall Street Debut
Charles Payne: At these levels, it is more hype than hope. Be very nimble if you have stocks.
Charlie Gasparino: For every Facebook, there are many more twitters. This is like a twitter. Beware.
Geri Willis: Small investors who buy into this have no voting rights. This is an absolutely terrible deal. No way you should be buying it.
Gary Kaltbaum: If this company was selling steel pipes, it would be a five dollar a share price. What you have is a glamour type name but this company lost over five hundred million dollars last year.
Adam Lashinsky: There is no correlation between their starting point and how they do later. Twitter started great and look at them now. In contrast, Facebook stumbled at first but now is incredibly strong.