February 20, 2017
Trump Has Had Biggest Dow Gain in a President’s 1st 30 Days Since 1909
President Donald Trump has overseen the largest gain in the Dow Jones Industrial Average in a president's first 30 days in office since William Howard Taft in 1909, according to The Wall Street Journal.
So what does this mean for Trump's economic agenda and planned tax cuts moving forward?
Fox Business Network's Charlie Gasparino and economic professor Brian Brenberg joined Neil Cavuto on "Your World" to sound off.
Gasparino said the markets are reflecting that Trump came out with a "great tax plan," which includes tax cuts for both corporations and the middle class, and a rolling back of regulations.
He said it will be important for Trump to implement his tax plan this year, or it could have a negative effect on the markets.
"If we don't get the tax cuts as big as were promised, there's going to be a massive market correction," Brenberg agreed. "This is a really significant issue, and he has to deliver on it."
He added, however, that Trump, his administration and Congress should be given some time to work on a big, complex problem like tax reform.
"If you ask for it in the first month, you're being completely unrealistic," Brenberg said.
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