Family. Mike bloombergs gaffs are growing by the day. Latest insult hurled at farmers. He defend it. All that and so much more on making money. Charles individual investors are getting in a really good mood. The nasdaq up 8 1 2 in 2020. All the markets are closed today, nasdaq and s p did close in record territory on friday. Earnings continuing to have a monster quarter. Revenue up to 30 trillion, that is a three month period for Companies Reporting from the s p. The next pig one big one to report will be walmart. Whether the economic momentum will continue, advisor to President Trump, steve moore. Steve, thanks for joining us. Hi, charles. Charles lets start with this proposal other potential proposal to help americans get started in the stock market. How would that work . Let me be clear this is just a proposal. The white house and my buddy larry kudlow are working on a lot of ideas but one of the ones were interested in a cut would allow people to put 5 to 10,000 he have year, charles, into a taxfree account, invested in the market, probably an index fund. You used a great term, democraciesization of the stock market. That is what it would do. People taking advantage of the program would be invested in the market. You would then, every Time Microsoft goes up or apple, walgreens, walmart, everyone benefits. So this would be something that would add tens of millions of americans into Stock Ownership and that is the way you get wealthy in this country. Charles it really is. I think about the political chessboard, this is one of the moves, one move away from checkmate, right . It is a great point. I was thinking, i was writing a piece this morning on how this might work, i was thinking how do the democrats oppose this . All they have been talking about is only rich people, only rich people have money in the stock market. Okay, lets have everybody have money in the stock market. The returns that you talked ait bo so far this year so impressive, on top of 50 increase in the stock market since trump took office. Then every single American Household could potentially benefit in terms of an increase in wealth. So i love the idea. I hope that they go forward with this. As i said, i dont see how democrat could oppose. I love it. On friday when the university of michigan did their survey or released it, households that do own stocks, the charts spiked to alltime highs. Valuations are 200,000. That could be every american family. Should be. Charles look at the chart. Hard to see on the very righthand side it skyrockets, skyrockets, much higher than ever been before. Earlier today it was interesting president obama put out a tweet where he took credit for the booming economy 11 years ago today near the bottom of the worst recession in generations i signed the recovery act paving the way for more than decade of Economic Growth and longest streak of job creation in american history. Your thoughts on that, steve. So according to Barack Obamas own numbers, his own economic team, the economic recovery act the massivehundred billion dollars stimulus bill didnt create a net new job. What the Obama Administration own numbers that job creation would have been higher if we not wastedhundred billion dollars on all of those programs that we did. It was a massive failure. Hopefully we learned the lesson never again trying to stimulate the economy by government spending. During the obama years it, was the worst recovery from a recession, the weakest recovery from recession we had going back to world war ii. That was eight recessions. That was not a positive thing. The Economic Growth rate. You can tell this gets my blood boiling when the left sis this. The Economic Growth rate of obamas last year one 1 2 . The economy was not accelerating when obama left. It was decelerating. Trump put the pedal to the metal. Has us up 2 1 2 growth and booming stock market. Charles always good to see you especially when your blood is boiling. Thanks, charles. Charles we have capital wave strategist shah gilani. Many go to you about investing. Many are hesitant. Should there be incentives to entice everyday folks in the stock market . The idea is come. It is long since overdue. This is fantastic and proposal as mr. Moore said but i hope it comes to reality. The public would be better served if it targets the middle class and lower middle class for potential for those folks. Those with 200,000, 300,000, they dont need it, they are heavily invested into the market, good for them. But lower and middleclass families should be incentivized into the market. 10 or 15,000 of their income should be cut out of taxation if the money is, 10, 15,000 put into the stock market for three years. That is how you incentivize folks to create wealth in the stock market. Charles so interesting, a couple days ago there was conversation on tv when george bush talked about putting perhaps Social Security money in the market. They pointed to the market crash saying, well that would have been a disasterous idea but i look at that differently. I dont think the crash would be anywhere as intense if the investments were in strong hands. In other words, retirement long term. Theyre not going to sell. That is the whole idea. If you want to be a part of this Great American dream you endure the ups and downs but there has to be a way for people to get more skin in the game . There should be a way. This is a great proposal. Think about what Household Income would look like. What individual Families Wealth would look like, if all the money went to Social Security, those folks were incentivized over all the years to hold securities, to hold stocks, to invest. Can you imagine returns for individuals right now . We wouldnt need Social Security. Everybody would be well off in terms of retirement. Something like this is long overdue. I would really like to see it come to pass. Charles shah, you have been one of the more optimistic guests on the show a long time throughout the major ups and downs and challenges we face. Perhaps were coming through another challenge. We dont want to be premature. The markets in europe are acting pretty well. The coronavirus may be plateauing, well see. We certainly hope so. Earnings have been phenomenal. The jobs report was great. Whats the next catalyst, potential catalyst for this market . Earnings, earnings, earnings. Were as far as s p 500 companies i think 77 have reported and those returns, the numbers have been great. 71 had positive beats on earnings. 67 beat on revenue expectations. So the numbers are very good in earnings. I think the market is focusing on that. Looking past coronavirus. I hope it is not too early to be looking past it. Lets hope we get that resolved and globally we dont have any further impact. The impact probably already had, may be going to have the next couple months investors are looking past that the drawdown in inventories and everything going on and impact on the supply chain will have to be made up. Investors are looking to the makeup, increased manufacturing and increased production and that will ramp up growth again. Charles ironically Mainstream Media upset about this. This renewed manufacturing investment that is delayed will come right before the election. Theyre upset about that. Yes, they are. Charles shah, always great having you on. Thanks, charles. Charles from the runways to the halls of congress, one congressional candidate shares why she is fighting to turn her district back to red. The Nuclear Family was a mistake, according to david brooks. He puts that forth in a new book. One of our favorite genzers later on in the hour. Mike bloomberg sparking outrage about condescending remarks about American Farmers. Is the still the great democrat hope. The Agrarian Society lasted 3,000 years. We could teach processes. I could teach anybody, people in this room, i dont know if that is, to be a farmer. When we started our business we were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. 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Charles so much attention on the president ial election this year, house races are being overlooked. Republicans need to flip 18 seats to regain control. One of the more vulnerable is the 19th district which has seen a lot of turn over in the last decade. We have the republican running for the seat. Thanks for having me. Charles youre a philanthropic fashionista done things for the troops things like that. What made you decide i want to do something greater for the people . It is only way to make a difference on another scale. I spent my entire adult life making a difference to those who struggled, whether it be disabled veterans as you know, cancer survivors, victims of Domestic Abuse or those who are going through drugs and other challenges. My job is to get them back on their feet, out in the work world, helping them find jobs where they can find their self worth. Charles i should point out youre a twotime cancer survivor. Correct. At age of 29 i was diagnosed with my first cancer. Thyroid cancer. After finishing radiation aowe dine treatments six months later i started mommy makeover. It was a company to help moms feel good inside out. I started my First Charity a year later, makeover for a cause. It was a charity that donated makeovers throughout the country. Charles were in very divided nation. New yorkers might be symbol for that. We have very controversial politicians here, including aoc who is becoming a rising star. Your parents are jordanian immigrants. Right. Charles that is different story. The democrats feel like tried to dominate or own the immigrant story put theyre is a different view of immigrants in america than the one always for trade. Absolutely. When my parent emigrated here 40 years ago, they did it the right way, the legal way. I grew up believing in the constitution of america. Never taking for granted not once being an american citizen. Im prideful about that. Charles right. So when i see, i back the president 100 in regards to building the wall. If Illegal Immigrants coming in, it is illegal. Charles right. They have to come the legal way. Charles right. I want to share with the audience part of your campaign ad. It is a good ad. Today, america faces tough problems and as an outsidewer conservative values im stepping forward to fix them. Liberals want to stop our progress. And send our country in the wrong direction. Charles the values that you will bring, what you bring how are they distinct and different than what were dealing with . Kids are not being held accountable anymore. I want to bring back values and ethics and morals. I want to make sure that our kids are being held accountable with the opiate epidemic and crisis, especially new york 19. Charles right. There has to be changes made. That is what i want to bring forth. Charles i love your campaign. Live your purpose. Of course well be watching. Thanks very much. Thank you, i appreciate you. Thank you so much. Charles thanks for coming on. I want to let you know we reached out to olas opponent, yet to hear back. Opponents. There is more than one. Chicken sandwich wars of 2019, theyre so 2019. It is fish sandwich wars or surf wars desended upon us. Arbys competition to mcdonalds fillet of fish, just in time for lent on twitter. Saying fish is meat too, it is just ocean meat. Bloomberg belittling American Farmers in 2016. Now it is coming back to haunt him. How he is defending this viral video later on in the show. First the Nuclear Family, an important part of the fabric in america. Why is it being blamed for ruining this country. Again zer, Emma Michelle say explaining why the Nuclear Family is not a mistake. Pay vastly more than people in other countries, for the exact same drugs. But they arent listening. Theyve just raised the prices of over five hundred drugs. President trump supports a bipartisan plan, that would force Drug Companies to lower prices. But the senate wont act. Tell Senate Leaders to stop Drug Company Price Gouging and lower drug prices now. My body is truly powerful. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Trulicity is for people with type 2 diabetes. Its not insulin. I take it once a week. It starts acting in my body from the first dose. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. Serious side effects may include pancreatitis. Taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. I have it within me to lower my a1c. Ask your doctor about trulicity. Charles the atlantic march cover, calling the Nuclear Family a mistake. It is making waves. The Washington Post oped says the essay is powerful. There is little doubt reversing breakdown of families and its consequences is one of the urgent tasks of social policy in the 21st century. I want to bring in Young America americans for liberty, spokesperson, Emma Michelle. You are married with cabot phillips, wellknown for campus reform and wellknown to the fox business audience. Youre the perfect guest for this. Do you understand where theyre coming from . Hey, back in the day when you had a mom, dad, aunts, uncles, cousins, grandparents all perhaps under the same roof, very close to each other, whenever there was an economic shock, someone left a job, there wasnt an immediate Economic Impact to that . Yeah. I mean, i think thats always a good thing when you have more family that is surrounding you. I dont think anyone is trying to combat that. To say that is not true. But at the end of the day there are so many people who have a Nuclear Family, because it is all that they have. Because their parents came from nothing, a lot of my dear friend grew up in these Nuclear Families where their mom and their dad got together, they built a happy, thriving family out of nothing, to say that is a bad thing and it is causing bitterness i think it is a little bit shortsighted. Dade brooks, i respect him. I read some of his books before but i think this is a very narrow world view, when you say, hey, this form of family is bad. Everyone wants different things. Everyone has access to different things. When you just break that down say, hey, this is all bad i think that is a shortsighted viewpoint. Charles in the Washington Post they started off talking about things that harming or harmed our society. Globalization, populism, economic inequality, polarization, greed. They lump this in there with that. There is something to be said about the idea of maturity, maturation, moving out out of te nest, creating your own family. Not only economic benefits to that, but the independence that comes with that as well . Absolutely. I mean if i hadnt been pursuing my own career and my own individualism and interests i wouldnt have met my husband because we met through working in the same field, in the same interests. If i had just sort of stayed at home, stayed near my extended family i wouldnt have met him. We have all the things in common. We want to raise our kids the same way where they are individual people and they want to pursue interests. Ultimately, were not all staying in the same metropolitan area and raising all of our families near each other necessarily but people in my generation put a lot of value and weight having a life theyre proud of. I think that is very valuable thing. It is something possible in this economy because we have so much room to move around and room to pursue our interests. I think to say that is not a good thing is a singleminded point of view. Charles im not saying necessarily this is part of that, but feels like there is a massive push back or wave to erase americas, the past greatness of america. I talked on this show about the assault on homeownership. You know, saying it is racist. It hurts the environment. It is not economically viable. Now the Nuclear Family. Not saying theyre connected but feels like there is sort of a wave to erase americas greatness of the to say, essentially i guess the message we were never great or we were living some sort of falsehood . Yeah, youre absolutely right. There are so many people who say there is nothing great about america and there is nothing good about this country. I mean dont take it from social scientists. Dont take it from the left. Take it from me. 50 years ago i would have had to stay in the home to be a housewife and raise kids. Not that there is anything wrongdoing that. That is a wonderful thing to do if you choose to do it but i now have the choice. I can have it both ways. I can have my family. I want to have kids some day. Im excited to do that. I dont have to choose that or loving my career. That is only possible in a country like america where peoples individual values and autonomy is such a valuable thing we fight for every single day. Very important we all have the choices. Charles wellput. You were married. You guys are engaged. I dont want to put the cart before the horse. Well get there. Charles you will get there. Thanks, charles. Charles coming up at 2 40 congressman chip roy is appearing the establishment is resisting Federal Reserve accountability. Why . Mike bloomberg caught belittling farmers and bluecollar workers in 2016. Going as far to say it doesnt require much gray matter. President trump proving he is a man of the people taking a lap in daytona in the beast. Well break down the democratic disconnect next. At fidelity, online u. S. Stocks and etfs are commissionfree. And when you open a new brokerage account, your cash is automatically invested at a great rate. Thats why fidelity leads the industry in value while our competition continues to talk. Talk, talk did you know that americans that bought gold in 2005 quadrupled their money by 2012, and even now many experts predict the next gold rush is just beginning. So dont wait another day. 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Just to have the president here but get up close and personal view, especially of air force one as it flew really low over the track here was incredibly exciting. Obviously the rain caused big problems after that but at that moment it was incredibly exciting. We talked to a number of people here in the stand to get a sense what it was like to be that close to the president and have the president at the daytona 500. Listen what they had to say. Im a trump guy all the way. I think it is great. I think its, definitely a good thing for the sport and it is good for President Trump. I just, i loved it. I thought it was great and great for the racers and the fans and america. Rick what did you think . Did you feel energy in the crowd when he was introduced or when he was speaking . 100 . No boos. All cheers. It was exhilarate having him so close. He is, i love trump. He is awesome. You know i think it is nice to see a president get involved with our activities and being a part of our country. It was awesome. One of the reasons we came for. This is an american sport. We were happy to see our president support us. God bless america. Thats right. Rick all that excitement dashed after the rain began. They got 20 laps done because the race was called because of a lot of rain. Still a chance for a shower. But nothing as bad as we saw yesterday. The race expected to go off. It will be begin 4 00 on fox. I got to tell you, charles, im in the best spot in the entire place right now. Look at this view. I have the green flag. This right here is the flag stand. We came up here to show you and your viewers an amazing view right here. The finish down below a few hours after the race gets started. One of the racers will take home the checkered flag. Day two here at the daytona 500. Charles . Charles showing us the flag or maybe showing off a little bit. Im jealous. President trump despite being a billionaire we know he has mass appeal to the common man, we just saw it. Im not sure the same can be said about Mike Bloomberg to seems to put his status above everyone else including the latest take that surfaced. It is a blunder you wont believe. Take a look. I could teach anybody, people in this room, no offense intended to be a farmer. It is a process. You dig a hole. You put a seed in. Put dirt on top, add water, up comes the corn. Charles Bloomberg Campaign says the comments were out of context but does it make any difference. Rick unger and foxs david webb. He talked about gray matter. Right. I dont think he meant our gray hair. Charles bloomberg seems so out of touch with the common person. It is going to be interesting. You know, i keep hearing all these things that he said that were hearing more and more about every day and i go, well that cant be good. They were i remember some of the things that our president had to deal with when he was running for office. Maybe people dont care anymore. I just dont know what to expect. Democrats are hoping they dont care but here is what is missing, the reporting on bloomberg is finally catching up. His own outlet said they wouldnt look into him, wouldnt report on him. Wouldnt be fair. Bloomberg is an elitist. That is what he really is. The way you talk about people. The difference between donald trump, whether you agree or disagree with him, the common person out there, i get him. I get it, in locker room this is my guy. If im in the boardroom this is my guy. Bloomberg doesnt come across you would sit at bar and have a beer or conversation. Charles that is the distinct difference, isnt it . Were not talking necessarily crude. I get it. Charles who has put himself up here. Right. Charles look over the weekend those articles about how women were treated and spoken to who worked at his company. Terrible, terrible. Terrible. If that was trump he would be pilloried. No. This is where you got to be careful here. I do buy your point trump does better with Common People than i think bloomberg would, that is legit. You cant say trump would be pilloried because trump had access Hollywood Tape which is just as bad. He is president today. Charles put it in context of the Democratic Party who run against trump and that tape for three or four years. Right. Charles who have run as the inclusive party. The party would not look down on women, would not look down on farmers, would not look down on someone who worked in a Industrial Machine shop. This is the guy rising in the polls now. He is. Tells you one thing. I dont know how it turns out, democrats you can be sure about one thing, they will support any candidate they believe can beat donald trump. Heres the thing, belief is one thing but what about the buyout of the democratic nomination . You have got bloomberg spending money. You werent saying that when trump spent his money. Charles trump didnt spend this kind of money. He spent his money. Bloomberg is paying the buying game. He is buying the ad, buying digital, buying all the access. He is going and finally is going to debate, bernie to his credit is at least authentic to his followers. Now bloomberg and bernie in two different camps. How does tom perez solve this problem . How does democratic donors tom perez is not settling it very well. Charles he is not selling anything. Bloomberg, there is a piece he invested in 195 races that harvard, Prestigious Program run by his alumni. These mayors who have taken it all of sudden come out supported him. Some are saying this is defacto buying election. Forget about buying airtime, but bribing your way into the hearts and souls of some of these folks . Bloomberg in all likelihood will not end up as president but still made these contributions to some pretty meaningful causes including, including helping black candidates do better. Know. Wait, he did. Only if it benefits him. Only if it benefits him. Helping more women get to the United States congress. Im sorry black people cant an bought. That is the first thing. But theyre being bought. South h South Carolina the firewall for biden, a Black Country if youre a democrat, they own the black vote in South Carolina, watch out in this election. Charles we run out of time. I didnt get how the democrats are going to rob bernie, if bernie wins california, texas, strong showing in South Carolina, they will rip him off they will rip him off you know it. If he goes in with a plurality, not a majority, it will be very ugly for the democrats. Bloomberg versus bernie, milwaukee. I will be there. Charles thank you both. Appreciate it. This tight labor market under President Trump opening the door for second chances. Check this out. Beauty and skin care retailer, the body shop, theyre adopting a open hiring policy. What it helped to eliminate what they call workforce bias. Starts this summer. Potential employees at these new retail stores, you only have to follow a few criteria to get the job. Authorized to work in the United States. You can lift over 50 pounds. You can stand for eight hours. The drug test, background checks, they will remove that from the process. This will dole out jobs on firstcomefirstserve basis. It would be a huge opportunity for second chances, particularly for people who were previously for instance inches cars rated for things like smoking weed. In a tight job market means more businesses will probably follow and do the same. Meanwhile how amazon Ceo Jeff Bezos is becoming, starting to live the hollywood life. And it looks like the senate is about to shoot down another trump pick for the Federal Reserve. Do they not want any accountability at the fed . Texas congressman chip roy will weigh in on that next. Liberty biberty cut. Well dub it. Liberty mutual customizes your Car Insurance so you only pay for what you need. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Thats why Xfinity Mobile lets you design your own data. You can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. All with millions of secure wifi hotspots and the best lte everywhere else. Its a different kind of wireless network, designed to save you money. Switch and save up to 400 a year on your wireless bill. And save even more when you say bring my own phone into your voice remote. Thats simple, easy, awesome. Click, call or visit a store today. Some people say thats ridiculous. I dress how i feel. Yesterday i felt bold with boundless energy. This morning i woke up calm and unbreakable. Tomorrow . Who knows. Age is just an illusion. How you show up for the world, thats whats real. Whats your idea . I put it out there with a godaddy website. Make the world you want. Charles President Trumps Federal Reserve pick Judy Sheltons nomination appears to be in trouble. Three key gop senators are expressing her concerns, about quote, outlyer as an outlyer. Does it mean that the fed wont ever get the accountability that many people it should have . Here to weigh in texas congressman chip roy. Congressman, thanks for joining us. Charles, good to be on. How are you . Charles im great. You have been very vocal about matters of the Federal Reserve and debt, so i thought you were the perfect guest to have own this. Judy shelton had ideas in the past including the Gold Standard but should everyone at the Federal Reserve think the same . No, they shouldnt. I think this is a classic example of the swamp being the swamp, right . You have a president who is within his rights to nominate somebody who has a great deal of experience and who built a career questioning the fed i think appropriately. I think we need accountability at the fed. I obviously support legislation that would have an audit at the Federal Reserve. That is necessary and needed. Here is what is important. We dont need a Federal Reserve that is more interested in creating policies that enriches the Financial Sector than an overall stable policy so we can have strong Economic Growth and sound money. Miss shelton talked about sound money her entire career. They try to pigeon hole her as a kook about the Gold Standard. The Gold Standard is a reasonable debate to consider. Putting that aside should we want sound money and stability rather than waiting for the bated breath what the Federal Reserve chairman or the committee decide what Interest Rates will be and go through the yoyo of our Economic Conditions . I think it would be wise for us to have somebody like miss shelton at the Federal Reserve questioning orthodoxy there especially were dealing with 23. 2 billion in debt. Charles i started picking up the biography on bagett he wrote a famous book on Central Banks years ago and he is wellregarded. It seems to me, you brought this up, the idea of a central bank whose sole goal to protect the ultrawealthy and big banks. Yeah. Charles hard to see where they are really focused on main street. They say they are, but feels like anytime they go into action it is at the behest or save the big banks. The mistakes big banks bring on themselves. We saw that occur a decade ago with the collapse in the Financial Sector. Look, i worked at a bank. I worked for nation bank capital markets, now part of bank of America Securities back in my youth. Im a big believer making sure we have Strong Financial institutions but those need to be the part of our overall economy. We shouldnt have a Federal Reserve whose sole purpose is focusing on Financial Institutions creating wealth in that sector than sound money and that creates a Strong Economy so our laborerses can prosser and manufacturers prosper. This is trumpian, populist world view. I think it is classic the swamp is fighting back. Charles im not surprised they are fighting back and maybe we crossed the rubicon. Real quick, secretary of defense defending his decision to divert millions of dollars from military funding to help pay for President Trumps border wall. Is this right call, representative roy . Well, look, first of all believe very much we ought to be very careful allowing the executive branch to spend money without accountability to congress. I introduced legislation note to have emergencies run from years on end. The president is right there is emergency on the border and the Democratic Congress refused to acknowledge it. Were making some progress. We have 100 miles being built. The president says well have 400 to 500. Here is what is important, cartels still have operational control on our border. We caught 198 people over the last month by our Border Patrol who were affiliated with dangerous gangs and ms13. The ray knows so faction of the cartels are warring right on the southern border along the rio grande. Our Border Patrol dont have resources they need to combat it. Were relying on mexico right now because the president is working with them to do the work we should be doing but our democratic colleagues refuse to help. The president is doing what he can. Acknowledging the true crisis at the border, using what resources he can to build the wall but we need to fix the solution further. Charles congressman roy, i enjoyed our conversation. Thanks for coming. Thanks, charles. Charles mean mile folks, Mike Bloomberg belittling farmers in a 2016 video going viral . What do farmers think. Kristina partsinevelos hosting for liz claman. What do they think. I know i should not make it anecdotal and personal. I was at 2016 event when bloomberg spoke to you a yenses in the uk. He said paraphrase of his quote, anybody could be a farmer. On our show today we will be discussing that comment and much more with jay hill who is a farmer. He has a farm in new mexico and texas. He will be talking about how the Strong Economy, he has a different take on it, how the Strong Economy is affecting his business in the negative. This will be an interesting twist own it. Well talk about tariffs but his perspective going forward. To bring it back to that bloomberg commentary too, the thing that stood out to me the most from that entire event how many times bloomberg mentioned he was a billionaire. As a mba student back then, you hear all the distinguished speakers. He was the one who stood out the most to let us know how much he is worth. That is anecdotal story. I appreciate that. I hadnt heard that before. There are you are chilling out with billionaires. I was a paying student. I wasnt chilling or part of entrepreneur. Charles i like the fact you brought that up, kristina. No one else brought it up. I cant wait to see the interhave you. Thank you. Charles claman countdown is at the top of the hour. It will be a great one. James bond wont be sipping march tierneys in china anytime soon. The cast of the latest 007 movie, no time to die. Theyre canceling the publicity tour due to the coronavirus. Daniel craig and other stars in the upcoming 25th bond blockbuster. They were planning to travel to china for the flicks debut in april. 70,000 cinemas are currently closed due to the viral outbreak. Jeff bezos delivering the hollywood life. Why the turn around after being under the radar for years. With anxiety calming down, how can you take advantage and make money . That is next. Charles the richest man in the world has gone hollywood after years of flying under the radar, amazon Ceo Jeff Bezos is embracing that starstudded life. Susan lee is taking a deeper look into this reversal. Susan . Also just in the past hour, announcing a 10 billion dollars Climate Change fund and start issuing grants this summer. Jeff bezos has been criticized for not being philanthropic enough given he is the richest man on the earth with a net worth of 130 billion dollars, but just in the past hour, on instagram, we do have i believe we have his posting. He is issuing around 10 billion dollars what hes calling philanthropic work to protect the planet. We have seen a lot more of him over the past year, whether at the super bowl or at the oscars and yes by 155 Million Dollars home recently in Beverly Hills which is the richest and probably the recordsetting amount that we have ever seen for a mansion being paid for in Beverly Hills, nine acres here, formerly owned by david gepen who bought it back in 90. No Real Estate Agents involved. Jeff bezos, have seen him out and about at the Amazon Prime Video events. Some say this is a departure from what we have known of him over the years. Ten years ago in an interview, this has been floating around the internet, ten years ago he was driving a honda accord even though he was worth 10 billion dollars. Today wouldnt you say charles were seeing a different side of the richest man on the planet now. Charles we are. Im cool with it, you know. You work hard. Youre worth that much money, you might as well enjoy it. Flash it, enjoy it. Charles absolutely. Thanks a lot. Theres a distinct difference between reporting on the coronavirus and wall streets actual reactions over the last few weeks. The markets, they dont lock into record highs when investors in this sort of deep fear thats being reported. That said, the market also has a long history of climbing walls of worry. Now several companies are saying that they are going to reopen their operations in china. Were talking toyota, sony, apple and others. So if that anxiety part is beginning to calm down, will this rally gain even more momentum . If so, where should you be positioned . I want to bring in Wealth Management cio and president erin gibbs. Thank you for joining us. Thank you. Charles we are at record highs. If you listen to just the media and werent paying attention to the market daytoday, you would have been shocked during the china trade situation that we were going through record highs, during recession talk we were going to record highs this market has a way of doing that, where you sit at climbing the wall of worry, but now the worry is what will the catalyst be to get us higher . Right, part of it is still were in this there is no alternative environment, right . The u. S. Stock market is [inaudible]. We are still the highest growth, strongest economy, so we can take a little bit of a hit from any sort of chinese slowdown, particularly when we know the slowdown with the virus, this type of slowdown most likely will be temporary and come back within six months. Charles right. We can handle that and climb that wall of worry. I would say there are a few sectors we should be concerned about that could be hit over the next six months and ultimately might take them a little while to recover. Thats your energy materials, some of your travel, high end luxury goods, those are the big ones that i would say if you can reduce your exposure, thats something that you would want to cut back on. Charles energy and materials, they have been something of disappointments for a long time anyway, say, for a few outliers, sherwinwilliams looks pretty intriguing, you can pick those names, energy, theres another thing to add to that too with this new lets call it social justice kind of thing where wall street is saying they are not going to buy Energy Stocks anymore. So i would be afraid of that its had a big cloud over its head for multiple reasons. Another one is also machinery. China slowing down, not building as much construction, so were seeing were starting to see some positive news and some negative news out of china. Some are closing. Some are negative. Weve got a rate cut in china, which is good. Charles you like that . Wall street likes that. Wall street likes rate cuts. Charles free money. We love it, whether its here or there, we like that. So i think overall were still going to go up, but just because weve got a few stocks essentially though it sounds like the successful sectors will probably continue to be successful. I think there was a day, maybe friday with six of the s p sectors hit alltime highs, not just tech names or communication names, but there are other names. Real estate, some of these names like crown castle and american tower, i mean, theres a lot of names out there, besides those big mega cap momentum names as well. Yeah, and some of your industrials, your ibms some industrials are doing extremely well. Charles do you think there could be an event that could decide direction for the market . Right now i think it will be slow and steady. We are at such high valuations right now. It is hard to justify the market popping even further. Weve got to deliver on what were promising over the next year. Charles erin, thank you very much for coming in. We appreciate it. Kristina partsinevelos is in for liz claman. Im looking forward to the show today. Youre great, charles. I really like you. Charles thank you. [laughter] i will see you around. Charles okay. Our offices are on the same floor if anybody wants to know. Breaking news, the state department tracking the condition of 260 americans who are in japan and cambodia. This comes as hundreds more escape a cruise ship infected with the deadly coronavirus. The outbreak showing no signs of stopping, but how badly will it hit the cruise line industrys . The man known as the cruise guy here exclusively with his threat assessment. And american chipmakers facing a new threat as phase one of the china trade deal kicks in. The Commerce Department considering a plan to block any semiconductors that could be used in huawei products. We go straight to the white house for more details. Meanwhile, the china trade deal was supposed to