Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump will get a second term. I dont any special insight in like the polls. I do think theres some overstating of the things that went on in 2016 and now people expect that to be the case this time because of the bias i do think a lot of holes in the ways questions were asked and polls were taken have been closed and so probably the polling weve seen this time will be more close to reality, although its never going to be perfect. But i do think the market is beginning to price in biden and i think you can say that based on one very simple thing you can look at, which is the tens and twos so we are now at 71 basis points in that spread this is very important because we are at the highest level since we were in january of 2018 and if january 18 sounds meaningful to you or rings a bell, that was the onset of the trade war, which by the way has been a much bigger tax on the economy, on the consumer and business businesses, an invisibility tax through the Manufacturing Sector last year, invert of the yield curve. That was a way big ager problem than whatever you think joe biden may or may not do to the Corporate Tax rate i think the market is saying its okay for that yield to widen and if we get a vaccine and an end to the trade war, that is good enough for economic expanse in 2021. I think thats why youre looking at the financials ripping, regionals beaks up 3. 5 , highest level since june, take a look at macys, j. W. Order . Str nordstorm, i. W. N. , triple cues thats been bottom being for six months and is now breaking out to the up side i think that is the message of the market it could change but that is the expectation being put into place in each of these very economically sensitive areas you really went through the reasons why i said at the top you had the best breadth in the market since april steph, you buy it . Do you buy what josh is selling there . Well, i think you have to think about longterm versus short term, right . So long term, according to capital group, who put out a great report a couple of weeks ago, it doesnt matter long term it doesnt matter who gets in, who wins. 18 of the last 19 president ial recollectio elections if you put a hypothetical into the market, would you have gained value ten years later, no matter who won if youre a longterm investor, you ignore the volatili volatil. Short term, if you look at the sectors outperforming, its from a frar infrastructure, and i e the market is pricing it in. Well have to see whatever happens. I think the market would be happiest if you had a biden win and a mixed congress because we like gridlock, we dont like surprises. You do have a probusiness president , you have lower taxes, lower deregulation or regulation rather, but you also are going to get a lower fiscal dollar amount thats going to offset it a little bit the blue wave you get higher taxes but also a higher fiscal amount theres a lot of different outcomes you can conjure up, if you will im not trading my portfolio on the short term, im investing for the long term and thats not changing so your vote, if you will, on which man is better for the stock market, is doesnt matter . Doesnt matter. You have to look at congress because can they get anything done investors, we like gridlock because you get one or two things done and then can you go back and focus on fundamentals if you get status quo, we already know what were going to get. We already have that play book blue wave you see the most change steph, i think the only i think youre dead right on the markets preferring gridlock. I think the only couple of exceptions there, theres a really big one, which is stimulus i think the market would say gridlock would be nice but 3 trillion raining down on states, cities, people with less than 100,000 in income, people on food stamps, like that actually would be preferably to gridlock and thats literally on the docket for february in a blue wave scenario. So i think that is an exception to the preference. But, josh, im not saying i think gridlock for most of the thi things that biden wants to get through. But they all agree that stimulus has to happen. It just a matt its just a matter of the dolla size also where it goes is different, too well, thats true but youre going to get it. You have to get it you cant have 9 Million People unemployed you cant have small medium businesses closing every day were going to get it. Its the amount were going to get. Thats going to depend on the mix of congress. Its a big reason why the notes guys, jim, that have come out most recently from wall street, some of them at least, say it really doesnt matter because of all the reasons that steph and josh have laid out but especially steph with this idea that youre going to get stimulus, the only question is to what degree are you going to get it and maybe to a lesser degree exactly where it goes, but youre going to get a sizable number, if its a blue wave, jim, you are likely to get a mountain of a number well, thats i think absolutely true, scott and the other factor here that we havent mentioned is jay powell and the fed, barons of course last weekend wrote a cover article saying hes the most important person in the room thats to a large extent true because the effect he has on Interest Rates, look, housing is such an important part of the economy thats recovering right now, the federal is not going to let, i dont think the tenyear go above 1 . You know, theyre going to keep Interest Rates low, theyll keep quantitative easing going and increasing if they need to if they need to. And that category of if they need to comes down to the virus and whats thats doing. We still dont know when theres going to be a vaccine, how effective it will be or when it will be distributed. Now, im saying all of this to say, yes, president ial policies matter, but they are far from being the only factor in play. Theyre important today because its election day but there are far more important factors than just the president and who his policies are wheres your vote going if i asked you the same question i asked everybody else, who is better for the stock market, who do you write in, your vote yeah. Heres the thing and i dont like my answer but, you know, in the narrow view of whos likely to make the stock market go up, its probably trump. Heres why i dont like the answer, is because the volatility, as weve already seen in the last four years and when i say volatility, i dont mean just the standard deviation of s p 500 returns, i mean volatility in society as well. Its so breathtakingly high, if the narrow question is whos better for the stock market, id save trump if the question is who is better for the world including the stock market, i would say biden. Its interesting, josh, your answer to that question when we asked was biden. Jim says trump id like you to the only reason its biden the only reason its biden is because its a kill switch on the madness of the last five years. Exactly and im not saying that as a democrat im just saying the last five years cannot be repeated the country cannot live with this level of acrimony between both sides i dont think biden is going to be on mt. Rushmore, okay and i voted for republicans before, okay dont hate me. I just very much feel like we have to get this trade war finished and we have to get the virus under control. And only one of the two candidates is serious about ending the trade war and ending the spread of the virus. The other one is pretending that the trade war is good and is helping people and that the virus is going to disappear or is barely affecting anyone, and were breaking new records of infections and the death count is rising and were going into the coldest months we havent even had them yet so if you ask me what is the stock market want . Of course it wants stimulus, of course it wants powell to stay on vacation, but what it really needs, what it really needs is a deceleration in the rate of infection of the virus, and its not going to happen under President Donald Trump because he doesnt think its his problem or his responsibility. Dont get mad. Dont write letters. Im just saying what hes saying okay. At his rallies to a maskless audience thats fine there are some who are going to, and many, who are going to say, okay, i hear you, i hear everything you just said but the madness, thats the word you use the madness, you used that word madness in the last five years, four years, whatever, has turned into an s p 500 thats up 58 since donald trump was elected president of the United States its like a hundred stocks. Its like a hundred stocks, scott. They just happen to be really big market caps. I mean, the numbers are the numbers, right if you bought the s p on election day thats not a great gauge. Its not a great gauge . Its not a great gauge. No, go look at an equal weight index. Im looking at the russells up a 34 the nasdaqs up 115 so there are some who say you may be right but i dont really care about any of those things because the stock market has done well under President Donald Trump and its likely to do well again under President Donald Trump with similar policies. And you want to throw jay powell in, thats fine because jay powell may not be going anywhere either yeah. Its jay powell and the feds ultra inflate ultra relationry policies in 2018 that rescued us from having a recession, that the market started to forecast. But those are the same policies but you could make the same argument and say that under president obama, then ben bernanke but then he gets all the credit because of the same reflationry policies after the crisis caused the boom in the stock market that we saw over that period of time. Scott obama gets way too much credit for the fact he took over at dow 7,000 he gets way too much credit for what the stock market and what the jobs market had done you pretty much could have had any normal president in that slot and the combination of the stock market being 50 lower where they took over with what the fed was doing would have led to a great stock market and a great job market so i think president s in general, both parties, get too much credit when things go well, too much blame when things go poorly i think was that bryn pardon me. No, it was me steph, lets do this. We finally got johns shot working steph, make your comment, please, and then well introduce john and well let john speak because i want to ask him the same question and invite him into the conversation, too please make the point that you wanted to. Thank you i just want to say from an investor point of view and from a Company Point of view in talking to ceos and i talk to dozens and dozens of them on a regular basis, they do like trumps probusiness policies, lower taxes, lower regulation. Obviously the twitter antics are the offset, right . We dont necessarily want that but from an investment point of view, youre asking us about the stock market, right, that is what stocks and thats what Companies Want they want lower taxes. They dont want regulation and that is his policy like it or not, that is his policy and that is why corporate profits have done so well over the last four years. And, look, its a good point to raise, too, speaking of corporate profits, you know, if a President Biden takes the corporate rate, if hes able to take the corporate rate up to 28 like he says, youre obviously going to have an impact on corporate profits. These are all things we as a investor need to be thinking about. John najarian, welcome to the party. Good to have you here. On this election day, i dont know if you heard the crux of the conversation we were having before you joined but the question i asked everybody, whos better for the stock market well, a split congress, i agree that a split congress is actually whats going to be better for the market, except youll get a very big sugar rush if its a blue wave. The sugar rush, as we all know, would come from an increased stimulus package that has been on hold since july, since it expired, which is a damn shame because, you know, they rolled the dice on that, played politics with it well see if it works or not i think that was a big mistake in terms of it will push the recovery, not the stock market, the stock market will do fine, but it will push the economic recovery out all the way through 2021 with the delay of not getting these stimulus to the folks that needed it but, scott, id point to like last week we saw the vix trade through 41 and hold it for a couple days. Now, was that because polls tightened perhaps and the people really want that blue wave that, sugar rush that josh was talking about . Im sure that had something to do with it the vix has come down. Obviously its become down to 3480 when we started the show, thats the spot vix. The futures traded up to 37 in the front are now down to 32 so were seeing a rapid shrinkage, if you will, love that seinfeld word, shrinkage of volatility because people believe that even if, as weve heard from a number of the panlt i panelists, which ever president is there, if it was a split congress, that is somewhat basically be something people would feel a little safer about what the stimulus and lack of stimulus would be because it would more likely be directed toward people rather than just towards throwing money and having a party if its a blue wave the other issue i wanted to bring up with all of you for your votes, again today, is related, bryn, to what sector is going to do the best over the next handful of years. Overwhelmingly it was technology over the past four that has done the four tech was up 150 since President Donald Trump was elected in november of 2016, and, bryn, you think that technology continues to be the outperformer well, sure. I think that any industry well, technology is such a big catch all approximately i dont think intel is going to do great and thats technology. Lets be clear, theres specific names, the big difference between intel and tesla or intel and nvidia but any time you have an industry where youre going to get growth, 15, 20 , you have Companies Inside of Technology Like paypal or square, which have huge addressable markets, absolutely thats where youre going to see growth. I think over the next year you could see linear growth and things like industrials or airlines or lots of Different Industries which are still down 30 to 50 year to date. If youre asking me over the next four years, if you have to make an investment today, i actually would buy if i could buy one investment, i would buy mtum, the momentum index, because thats going to do all the heavy lifting for me and buy the stocks that are going higher ultimately thats what we all on this panel want to buy stocks that go higher that would be my best bet if i could just do one trade is buy nomomentum josh, what would your one big trade be with what you delivered with your answer on the presidency travel. Anything thats not an airline thats at all connected to travel and leisure, just buy them now because the comps are going to be ludicrous. Youre going to think youre looking a thet a video game youre going to have hotels reporting 100 occupancy by next spring and summer versus this spring and summer. The market are going to respond the way they always respond, ha pavlovian and enthusiastically under biden it works better because the virus gets under control faster you want to be in travel for the 20 21 versus the 2020 comps. Just dont buy the planes. You think youre going to get a massive stimulus thing through, it seems like small caps and industrials more si cyclically focused small caps are still laboring under the last two and a half years, but then with regards to cyclicals, not all cyclicals are equal and i think the industrials are the place to be. Yes, youre already seeing a bid there in the last two months, but its like to to continue when the infrastructure is going to have a lot of construction of new energy projects, youre also going to have continued onshore of the supply chain. This all bodes well for earth moving equipment like cat pilller, honeywell, dover, et cetera, transportation stocks, they are all do well under that scenario steph, to the tech idea, though, since Donald Trumps inauguration, its so tech focused in terms of the better performing individual names. Amd is up almost 700 , nvidia is up just about 400 , paypal, 350, amazon 279, apple 270, netflix 255, microsoft 233, sales force 217. Do you think at all about the idea of more regulation, no matter who wins . Laura martin, the analyst, was on in the last hour or so and said of big tech related to regulation and some of the changes that may come down the road, quote, i dont think there theyre going to be able to able to buy anybody can you take m a off was table for some of the big technical nails. Thats one aspect that could be overhanging the stocks what do you think . I think the companies that you just mentioned and many others have very strong end market growth, like what weve talked about the last several weeks and months as these stocks continue to elevate higher and higher so they have the growth and they dont need the m a because, again, they are in is it a. I. , cloud, retail, ecommercial. There are a lot of differemarke do dont need m a you dont need to chase them but you make your laundry list and you do want to have some of the cyclical names, some of the reopen names no matter who wins, were going to reopen at some point, were going to get a vaccine at some point. You want exposure. I totally agree with josh on travel and leisure thats why i bought marriott two weeks ago and own wynn resorts i do want to have exposure to the secular Growth Technology names, a lot of great Free Cash Flow, good market share, wonderful Balance Sheets and management teams i think you could make a case for both. John, what would your one big trade be when youre talking about connectivity and all of 5the 5g and all the rest, these guys are out there with the tower were going to work on johns shot he obviously is talking about american tower, crown castle, connectivity well try to get back to john as his shot looks like its gone frozen by the way, one more name on the list that i read to you, thermofisher is up 244 the ceo is going to be on mad money. You dont want to miss that interview. I just wanted to get that piece of note in there jim lef that wiventhal is th jim . Thermofisher, boy, is that a wellrun company you think about what they do, chemical reagents and laboratory equipment. I dont care if the pandemic ends were still going to be developing drugs for the foreseeable future for an aging demographic globally therl thermofisher is a fabulous company. Its one you can park and buy in for returns. Bryn, ill begin with you goldmans jan hatsus, and maybe this is the bet that the market is trying to place its bet on by virtue of this best twoday gain since early june he thinks theres a good chance were going to know the winner tonight. Tom lee says we believe stocks will rally post election day make sense well, i mean, it makes sense. Why jans quote about tonight, maybe, maybe not if we have a split congress, if trump wins, if we have a biden republican senate, maybe even regardless the market rallies but longer terms it definitely matters who sits in the white house and who sits in the senate i think wieell see what happen. People should be patient weve talked to a lot of our clients about the next week or so we were having these conversations that you have to remember when youre investing and you sell something, theres always another side to that decision is when are you going to buy it back thats what history tells us over and over again is people dont make that second decision to buy it back so regardless of the outcome or the volatility that we see or dont see are were going to sit patient. If we do see volatility, were definitely going to be buyers. Its why you want to be into equities going into 2021. Do you want to tell us why you bought back Goldman Sacks . You buy it in the 190s and sell it around 214, 215. Its a cheap stock it may break out at 220 at some point but it came right back down to 190. We bought it when it gets back up to 215, ill sell it again and keep doing that trade lets take a quick prabreak. Well come back and talk about the traders other big moves plus a record setting ipo has been put on hold alibaba plunging on that news. It has a stake in the country and alibaba if you own it, one of our Investment Committee members does its your money, your vote dont miss our live election coverage tonight on cnbc all the night long, starts at 7 p. M. Eastern. Were back on the half in just two minutes. When you switch to Xfinity Mobile, youre choosing to get connected to the most Reliable Network nationwide, now with 5g included. Discover how to save up to 400 a year with shared data starting at 15 a month, or get the lowest price for one line of unlimited. Come into your local xfinity store to make the most of your mobile experience. You can shop the latest phones, bring your own device, or trade in for extra savings. Thats simple, easy, awesome. Visit your local xfinity store today to ask, shop, discover the latest on Xfinity Mobile. Welcome back, everybody. Eye s im sue heera. Pennsylvania does not allow any processing of mailin ballots until election day so that work is now under way. This is what it looks like in philadelphia with dozens of workers opening envelopes and preparing the ballots for processing and counting. It takes about 40 seconds per ballot nationwide more than 100 million Million People cast an early vote, either in person or by mail and all of that voting by mail is hitting the postal service. Today it is reporting its fifth straight day of fewer ontime ballot deliveries, about 89. 5 before the pandemic and policy changes, about 95 of deliveries were on time and hurricane eta is approaching nicaraguas northern coas a category 4 torms wistorh heavy rain and what are being described as catastrophic hurricane winds. The National WeatherService Calls the storm extremely dan dangerous. Thank you, sue. Stephanie, i want to get through some of these. Youve added to alphabet tell me why. I did, i did. Even with the rally last week, its still up 23 year to date that compares very, very favorably versus the other faan faangs, which are uyou double, tripl triple they had the best quarter. It was like one great number after another. And they bought 8 billion in stock. I still think this is my best value. I picked it as my final trade a month ago. I still like it. Youre completely out of home depot now . I am. I started trimming thats a bummer well get steph back i promise all of you that. Lets talk about that other story i mentioned. The record setting ipo delayed according to announcements by the shanghai and hong kong stock exchanges today. Alibaba pacing for its worst day since spring bryn, you own baba what do you think about this today . This is why people dont buy chinese stocks, by the way its like a day and a half before probably the largest ipo in history probably the Chinese Communist party comes out and says were going to remind jack ma who is in charge here it seems very specific obviously ant group does micro lending because in china you really dont have a credit card history. So its a growing industry and they want them to have much larger loan provisions i cant fathom ipo this side. Im going to stay in baba for the time being its a Wonderful Company singles day is on november 11th and then they report earnings, i believe this thursday. Its a great way to play it. That being said, its so frustrating. I think theres high skepticism in chinese stocks for this skt reas exact reason there was a time you used to buy these stocks through kweb weve been overweight emerging markets. So were in there. Were just not in them specifically in an etf i think bryn is exactly right. Jack ma over the weekend made these comments at a summit, really shouldnt be making these comments china is not a monolith. Youve got entrenched interests like traditional banks that want to see him fail and see ant financial get turned away before it can get public. 39 of ant financials business is this online lending unit. Now the regulators are threatening to not let it go public they might tighten the loan rates at which bits can be done, and its like this kind of thing where why would you do this . Why would you sabotage and the reason is there are competing interests within china, even though its all very centrally controlled so youre seeing that play out there are two options. They say no, dont bother refiling, all the money gets returned ironically that money can end up finding its way back into other chinese stocks, including baba, thats number one. Or, number two, they refile and very quickly its just a hiccup, they end up going public and i think the second scenario seems the most likely. It seems like most people have something to gain from this happening. So i would just try to look past it, if i were a shareholder here i do think ant will go down as the largest ipo of all time and i do think it will be well received on those local markets. Up next, shes been named one of the rising stars on wall street. She visits with us next. Well get her take on the market its citis kristen bitterly why 2021 is setting up to be a bullish year for your money. You can watch or listen to us liven e othgo on the cnbc app were back after this. For skin that never holds you back dont settle for silver 1 for diabetic dry skin 1 for psoriasis symptom relief and 1 for eczema symptom relief gold bond champion your skin. Well commonwealcome back. The focus today, the election, your money and our next guest says dont trade the market, there are three big tail winds that will boost your portfolio welcome back good to see you. Does the election mart to the marke matter to the markets . Of course it matters in terms of whats on peoples mind and shortterm volatility. Were encouraging investors to take a step back and think about what is true regardless of the outcome of the election. As you just mentioned, we really think theres a trifecta theres three things that were going to have certainty on going into next year so the first thing is were going to have a conclusion of the election, right . People have been talking about it, rotating their portfolios but were going to know who is president and were going to know the composition of the senate we will have a conclusion of this election season the second thing, which is really important, is were going to have fiscal stimulus. The exact composition of that fiscal stimulus could change depending upon the outcome of the election, but were confident that were going to get it and then the last part is really focusing on whats driving markets overall. Its covid and all of the data is telling us that 2021 we will have a vaccine. There are several companies that are in late stage phase three trials right now and that really is going to serve as the tailwinds in terms of supporting the market in 2021 you left out the elephant in the room, the number four, the fed. The fed is into everything that you said thats very important and we expect the fed to kind of continue course. Well hear more later this week obviously, but in terms of supporting the economy, supporting the recovery, supporting everything given this exogenous shock that has been covid, we dont expect a change in strategy from the fed does this mean, then, that i think were going to get clarity on the lebelection, its a matt of when we get it, fiscal stimulus, the fed at my back, a vaccine coming, i want to go cyclicals, reopen stocks that tom lehman is talking about for so long . Absolutely. Look at the rally that weve seen since the beginning of the pandemic thats been dominated by what we call covid defensive names so we basically broke the equity market in covid defenses and covid cyclicals. Very intuitive its like the covid winners, covid losers weve been encouraging investors to take some of the gains off the tables to start positioning your portfolio for these events, when we get the fiscal stimulus, when we get a vaccine and that gives rise to opportunities in financials, in industrials, actually in real estate as well. Are you looking for a big move higher in rates were looking i mean, look, on the back of the election and getting certainty, could we see some scurve steepening absolutely do we think shortterm rates are anchored yes. But i think more importantly on the financials front, financials havent gone anywhere in the past 12 years. From a pricetobook ratio, just looking a the where theyre trading, its at. 9, this is the lowest level weve seen since the end of the Global Financial crisis we looking at expecting and being Amy Coney Barrett to seth market can see the post covid world, and then youll see a nice tail wind for financials. When you laid out your three big reasons, the reason that i gave you is number four, kind of suts in cuts into the idea that rates are going to move markedly higher but if you do get a vaccine and you do get an economic comeback, if you do get a lot more stimulus and a really large one under a President Biden and a blue wave, then could you have a real, im not saying a stho ing a shoot highe you can have a significant higher than you have now absolutely. And you would see that in terms of the overall curve positioning. Thinking of rates, one of the other things we have to think of from a portfolio positions standpoint going into next year one of the Biggest Challenges investors are having is where do i find yields in this environment . To your point, positioning for higher rates, where do you find yield . Its not traditional sources of fixed income you have to look to areas such as global dividend growers or an area where were adding exposure this is not just high dividend payers but companies with strong Balance Sheets that have been growing their dividends consistent live a consistently and theyre actually underperformed because of the big momentum in covid defensive names. You actually great more balanced portfolio to benefit from covid defenses into covid chicly caecy augmenting good to see you we lost steph when she was telling us why she lost home depot. Youll also hear from john najibullah najarian he always tracks thats next. Td ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. 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You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save hundreds on your wireless bill. Plus, get 300 off when you buy the Samsung Galaxy note20 ultra 5g. Learn more at your local xfinity store today. Were back i think steph is back, too you there, steph ill here im sorry about that what are you apologizing for . Thats wait it is these days finish home depot. Tell us why youre fully out and you added to ppg and Morgan Stanley and i know our viewers want to hear about that. Home depot, great story, Great Company and balance sheet. Its just up 26 up to date i still like auto and i still like housing those are two my favorite themes and have i a lot of exposure in my portfolio but ppg is only up 2 this year they had a great quarter, positively renounced and beat the preannouncement. They have done a great job on the margins front. They have a handle on their business, good cash flow of 1. 2 billion as well. I think that has a catch up kind of trade and Morgan Stanley is plaflat o the year i like what theyre doing in terms of these deal. They have diversification. Its one of the reasons they were able to grow revenues in their last quarter of 16 . Great capital level. When they can buy back, i really like what the ceo is doing at the company, really changing the company around i appreciate you going through all three of those john najarian, you have three this unusual activity for us what do you got for us it plays off of kristen bitt bitterly and what she was talking about for some reason im getting a feedback we can hear you okay. You can keep going what were seeing in wells Fargo November 2450 calls being bought very gaeaggressively for cents. 17,500 of those traded early on today. Just like kristen bitterly was saying, maybe we get a little pop because of the steepening of the yield curve. Twilio is 3,000 this week, so just a couple days from now of course, november 6th expiration, 300 calls. They were paying 85 cents to about 1. 20 for these. Since thats a 280someodd stocks, a dollar investment, i think you see why people are taking that shot lastly, next week expriiration n no macys calls. We have seen some very nice pops when people think theyre going to have a little more cha ching in their pockets again and macys might be investors in macys might be betting on that right now, scott up 7 today coming up, how the futures are trading since june theyll tell us next announcer tomorrow, after the election, Halftime Report is gathering the top Financial Advisers in the country to answer questions about your investing goals and what you should do with your money now. Email us at askhalftime cnbc. Com or tweet us at askhalf tootime well answer them on the show. It is time now for the futures outlook. The tenyear yield weve been falk begun it a lot today, tut hitting its highest level. Let bring in bill baruch of blue line trade how hoy do you think its going to go . 1. 25 is in the cards. Im bearish on treasury prices, bullish on the yield have been for over a month this is an intermission in the longer term narrative. What weve seen last week, a lot of volatility in equity markets. Usually get a safe haven bid no safe haven bid. Treasury prices edged lower despite that going into the election, coming out of election you think theres going to be less uncertainty. That means more safe haven selling. Guess what though . Washington is going to come back together and get fiscal policy done and print more debt, infrastructure spend being putting more supply out there and more pressure on treasury prices yields go higher and guess what, too. Question 1 and qe2 and qe3 after massive stimulus saw the top in treasury prices. Massive stimulus, thats already priced in right now. I think there will be a path of least resistance, lower for treasury prices and i want to sell any type of pop i have through the election 138. 16 is where i sell and my target to the downside is 134. 16 im going to put a stop up there at is 9. 16, risking 1,000 to make 1,000 you make it sound so easy with the stimulus. Okay we shall see bill baruch. Good to seyoe u. As always, blue line futures, final trades are next. We love our new home. Theres so much space. We have a guestroom now. But, we have aunts. Youre slouching again, ted. Expired, expired. Expired. Thanks, aunt bonnie. Its a lot of house. I hope you can keep it clean. At least geico makes bundling our home and Car Insurance easy. Which helps us save a lot of money oh, teddy. Did you get my friend request . Uh, ill have to check. doorbell ringing aunt jonis here for bundling made easy, go to geico. Com. Hello . High protein. Low sugar. Tastes great high protein. Low sugar. So good. High protein. Low sugar. Mmm, birthday cake. And try pure protein shakes, with 24 vitamins and minerals. For skin as alive as you are. Dont settle for silver gold bond champion your skin final trade time stephanie link, youre on the phone. You go first. Back on the phone dow chemicals, diversified company, housing, auto, plastics and market earning posh youre which all three segments i like, strong potential for Margin Expansion and strong Balance Sheets, Free Cash Flow growth and a 5. 7 dividend yield. Good stuff. Thank you for that the brynn, youre next. Im going to go with an election trade that we dont get a blue wave but more of a purple wave and so plains all american, one of the Third Largest pipelines and just initiated a 500 million stock buyback after earnings yesterday. Thank you for that. Jon najarian going with disney, scott. Sticking with disney, i should say. Already own it see upside calls im sticking with this one. Josh brown . On the travel theme, i think stephanie is going to make money with marriott. I like it. Let me give you the technical buy. Its been bumping its head against this declining 200day the. The trigger is 92. 50 breaks that 200day, snaps that yearlong downtrend. Youre going to be want to be in this stock. Okay. I would take five points of risk for much more upside. Got to run. Jim, qualcomm, well see everybody tomorrow the exchange is now thank you, scott, and hi, everybody. Welcome to the exchange. Historic day for the country as americans vote in an election unlike any others. Voters head to the polls, at least ones who havent already turned in their ballot and with businesses facing a very uncertain future with the pandemic and record voter turnout, record political angst and Record Campaign cash has been raised are, and for all the concerns about a contested or delayed outcom