Earth. Charles President Trump announcing executive actions on Police Procedures as congress rushes to respond to the mass demonstrations across the country and the changing attitudes across this country. Well get the very latest from the white house and reaction from gianno caldwell. More advancement on today trucks, being called, cheap, available, effective in the fight against the coronavirus. That is helping this market too. Well give you the details. All that and so much more on making money. Charles so all the major indices are higher right now propelled by more evidence of the economys resolve and of course wall street wants steady economic gains. They still want steady fed accommodation as well. Todays retail sales a record, coupled with todays Empire State Manufacturing survey, join that with the may jobs report and the evidence is pretty clear, the stock market rally is not mindless consequence of a army of day traders but a prescient signal after vshaped recovery. President trump weighing in on todays retail sales number just moments ago. Im building up it up again and it is moving fast and it will be even better than before. Jobs are rapidly coming back and retail sales that were Just Announced two hours ago, just a little while ago, theyre up a staggering 17. 7 . Very hard to believe. Were getting very close to the level before we the pandemic. Next question, are all final pieces of the puzzle in place to protell propell these markets to alltime highs . We have alicia levine, danny hughes and belpointe strategist, david nelson. Alicia the data, the top expectation was 8. 4 , these retail sales numbers. What is ahead with respect to the economy and what should we expect from the fed as well because theyre going hand in hand right now . Hi, charles. Great day today. That final piece we need to propel markets higher is another fiscal stimulus coming from congress because part of the spending came from the enormous stimulus passed in march. So those individual checks that the treasury cut, the ppp program, the unemployment insurance, which is not just making people whole while theyre on unemployment but giving them more money than while they were employed. This is part of the reason that the retail sales were so high. To avoid the fiscal cliff we need another stimulus coming in july. Charles that sounds like a contradiction itself. More stimulus but dont go off the fiscal cliff . Many people think were already off it. We just dont know yet . Well i mean the point is, is that the programs passed by congress have enabled the spending we saw in april and may which is terrific. Charles sure. But if you cut it off too quickly while were still own the bridge to recovery the other side you could stop the recovery. We want to keep the recovery going because we need people whole. Charles i dont disagree with that and ive got couple special guests who will debate on that, including a congressman that will have to vote sooner or later. Dani, with for instance the retail sales number, Department Stores up almost 37 . Macys number one percentage inner, coles, the number numb. Department store model looked like it was bust adlong time ago. What are you looking at inside of the data . The Department Store data is pretty incredible but it is all pentup demand, charles and a lot of these things got absolutely annihilated over the last couple months. Macys, kohls, cut their dividends. They basically had a firesale on their stocks as well. Even though they recovered quite a bit. Theyre still a risky play given the fact we need to have the further stimulus alicia was talking about particularly on the retail side. I think there is a lot of other things leading this economy forward, one being housing which i think is really interesting. Numbers out of lennar this morning were phenomenal. It is because people want to move out of the high density, the cities. Inventory is low. Interest rates are low. Banks are inclined to lend. I think well see that lead. Charles david, bank of America Merrill lynch survey came out of Fund Managers and 78 say this market is oversold yet their cash position dropped. Here is something interesting. I want to get your read on this here is a good quote for you. The peak pessimism is over but jon optimism remains, quote, fragile, neurotic, nowhere near dangerously bullish. This is from the bank of america chief investment strategist. We saw all of this today up 800. Up 40. Up 600. You talk about nor rot tick . Youre always invested. How do you feel where we are with respecter to this market and the and role of the fed. Im blown away about the price momentum like everyone else. It begs the question should we be at this level at this point in the cycle, not everything, not everything, charles, will come back the same. We havent even talked about things like commercial real estate. How Many Companies will not renew their lease because they found their employees could be effective working from home . They will choose to save money, or at very least choose to reduce their corporate footprint. Charles right. You mentioned it the elephant in the room. The elephant in the room is obviously the Federal Reserve. Trillions have been expanded in the Balance Sheet and theyre buying up everything in sight. Look, im all for the recovery. Im in there, im fully invested at this point but you have to recognize some of the other factors driving this asset inflation. Charles well, alicia, to that point, dani talked about lennar earnings. We have the nhab homebuilders sentiment. It came in extraordinary and blew away expectations. In fact if you look at the three components, where we are currently, Single Family homes six months out, the only thing held it back is foot traffic. Hard to go out there to kick the tires on a house. But we do have other things, household formation, for instance, that has nothing to do with stimulus at all, but just maybe a change in attitude amongst consumers . Absolutely. Look, housing is a bright spot in the u. S. Economy and was actually a bright spot going into the pandemic because there was already a turnaround you could see in january and february. The other thing, i just want to remind our viewers, if you think about where we are in the economy today, this is the 2030 economy that is now been pulled back 10 years to 2020. There are winners and there are losers just as david was talking about. So when youre investing now you really want to think about what the trends are. If you think about Department Stores, is that a model is that really going to last over the next five to 10 years . Charles right. I think there are issues there you might get a trade, because they have been decimated on price but that doesnt mean you want toby there for the long term. So when youre investing think about where the trends are and go there. Charles youre talking 2030. Im thinking jetsons now, like, flying cars, where can i get a piece of the action . Before we wrap it all up, yesterday the market held key support just when it looked like things were going to crumble. Were near some breakout points, probably could go to alltime highs. Just an idea here, ddai . What is do you like . It feels like hard to chase some names, because if you go for value you have to look out not necessarily participating all the time . Thats right, charles. It is hard to chase the names sometimes. You do have to participate in the chase. One of the names we like that has not fully recovered and we think that it will is water. We own this one. It is up 2 today, thereabouts. 140yearold plumbing, water heating Quality Solutions company. Presence in residential and commercial and exposure to replacement and new construction. So we think they will do he will. Okay. If it has been around for 140 years, odds are will make another 140. David, real quick, youre always invested it. Is there somewhere youre leaning you love the audience to be invested . Something special that will outperform . The place for me is financials. You dont have to look at the banks. Look ats are set managers. Theyre paid like i am, assets under management. If the markets go higher, asset under management are going up and revenue is going up. T. Rowe price and blackrock will work well in this environment. Charles hate to say it i would rather own them than some of their funds. Not trying to diss. Appreciate it. Later in the show, talk about a vshaped recovery, it actually could cause congress to abandon additional Financial Aid to america but is one more round the really key ingredient for full recovery . Our panel thought so. Next President Trump signing a Police Reform executive order just moments ago. Will this Push Congress to come together to pass real meaningful action . Whats needed now is not more stoking of fear and division. We need to bring Law Enforcement and communities closer together, not to drive them apart. Unt and it was the first time that i realized i could be earning interest back on my money. I just discovered sofi, and im an investor with a diversified portfolio. Who am i . i refinanced my Student Loans with sofi because of their low Interest Rates. Thanks sofi for helping us get our money right. Yeah yyeah yeah hey, hey yeah some Companies Still have hr stuck between employeesentering data. A. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. You say that customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Charles President Trump signing an executive order today outlining the administrations several new initiatives focused on Police Reform. This as Senate Republicans are also preparing opening bids on Police Reform themselves. Blake burman joins us now from the white house with more. So, blake, what exactly, what is in this executive order . Reporter a handful of different items, charles, that President Trump signed as you saw from the video from the rose garden a few minutes ago. Let me tick through some of those. It calls credentialing process and incentivize and update new practices. President is calling for a ban on officers engaging in chokehold unless a officers life is at risk. Also change of use of force to make sure troubled Police Officers just cant go from one Police Department to the next. And it also provides more resources for coresponders, like social workers who address, medical, psychological, homeless incidents. That is why today im signing an executive order to encourage Police Departments nationwide to adopt the highest professional standards to serve their communities. These standards will be as high and as strong as there is on earth. Reporter now the president also called on congress to make additional measures the law of the land while also making clear he does not support lowering police funding. You have to find Common Ground but i strongly oppose the radical and dangerous efforts to defend, dismantle and dissolve our Police Departments especially when we achieved the lowest recorded crime rates in recent history. Reporter but the top democrat in the Senate Chuck Schumer described the executive order as modest and fell short of comprehensive meaningful change saying in a statement, that Congress Needs to pass bold strong and bold legislation with provisions that mates it easier to hold Police Officers to accountable for abuses an President Trump must commit to signing it into law. Charles . Charles thank you very much, blake. I would like to bring in Fox News Contributor gianno caldwell. You say police must be funded. Something we just heard from President Trump, he believes that too and key for things to get better. How does that work . I wrote a piece in on sunday in New York Post why we must find the police. Despite some of the experiences i might have had with the police not as positive, i believe the police, majority of these individuals are very good Public Servants who want to do well for their communities. This is what i think about President Trumps executive order. I think it is a really strong first step. Weve not seen any administration in history do this we had president obama in there, a number of other democrats who could have made these changes but did not make these changes. Now i think it is extraordinarily important for congress to step in through senator tim scott and others to unite. This is not a partisan issue. This shouldnt be a partisan issue. Look at mere numbers, charles, in 2014 a study was done showing 10 top police Law Enforcement groups, agencies, there were 24million 248 million spent on Police Brutality settlements and cases. This is not a life and moral issue. This is a financial fiscal issue that every conservative should be concerned about. Charles gianno, youve done a lot of work with the Police Department. You talk about your own experiences, i had mine as well particularly when i was younger. Some were unpleasant. Some as i got older ironically were better but it feels to me, one thing i dont know if anyone is talking about, ive always been an advocate of community policing. Yes. Charles when i brew up there was this thing called the blue wall of silence. I think it still exists. How do we get to the point where an officer can say, hey, there is a bad apple in our bunch and find a way to report on this person, have some accountability and not himself be ostracized, him or herself . So two things. One i can agree with Chuck Schumer in terms there has to be the ability to hold the Police Officer accountable that may be civilly or may be through jail time which i know in some cases that can be done now but there absolutely must be a part of any legislation, i know republicans have said its a nonstarter. This is what mayor bottoms said in atlanta. She said in her reforms, if you dont intervene when there is an officer that is acting inappropriate, that you would be held responsible as well. Now that could be a tricky measure because depending on what is going on with that officer, you obviously have to support your colleague but in some cases like what we saw out of at lan tax that could have been stopped, that could have been prevented. When we talk about cases like that, you have to insure there isnt a blue wall of silence and if you put legislative measures in there i think we can better serve our community and public. Charles speaking of which, you know, a lot of focus has been on the socalled bad apples and obviously the damage they can do we saw with the death of george floyd but what about not making the police the villains . In other words, you know, they do protect and serve. When we call them we all pray they get their quickly. They put their lives on the line for everybody. Is there societal ability to have open minds about policing rather than a radical idea getting rid of them completely. That is so ignorant. That is one of the dumbest things i ever heard. What happened on chicago, may 31st, the deadliest day in chicago history, 60 years as far as back as they can go. You talk about the fact that there were over 65,000 calls made to the police in the city of chicago on that one day, 51,000 more than they typically get. Police are absolutely needed. Police are our friends. But we have to hold those accountable who operate with misconduct. I think that is really important here. The police should not be vilified. But they should be held responsible and reformed. I think that is the key area that we all should be saying as one nation, one group, and one community. Charles gee auno, thank you very much. Thank you for having me. Charles folks tomorrow i will be asking that question to Vice President mike pence. Well talk about this obviously. The reopening of the economy and just how much momentum, surprisingly strong momentum we have got as they go into reelection. We have an exclusive interview tomorrow. Please tune into that. On todays show the economy is coming back. Some say too fast. Jay powell doing his best to convince senators it is a precarious situation and he needs their help. Some lawmakers balk at providing more stimulus. I will ask congressman jody hice where he stands at 2 30 why dont you call 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. 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If we get through this going into the last hour of trading i think we will test the session highs. Right now meandering is the key word. Meanwhile Federal Reserve chairman Jerome Powell testifying before congress telling lawmakers where he stands on the economy. Edward lawrence live with what powell had to say and it was a lot. Edward. Reporter yeah, charles, the Federal Reserve chairman not meandering in his statements today. He said the Federal Reserve would keep Interest Rates near zero for years. He told the Senate Banking committee they would continue to buy treasurys and mortgagebacked securities at the same level they are with no end date at the moment. He also said, quote, absolutely, we will make a full recovery with a caveat. Listen. Significant uncertainty remains about the timing and strength of the recovery, much of that uncertainty comes from uncertainty about the path of the disease and effects of measures to contain it. Until the public is confident that this disease is contained, a full recovery is unlikely. Reporter yeah, until the public is confident, key word there. The democrats got the fed chairman to say layoffs at the state and local governments will have significant effects on the recovery. He added the powell, added that congress should look at ways to help. Powell believes social distancing will make recovery a little bit slower because businesses that rely on large gatters will suffer. Powell said over and over in the Hearing Service industry, restaurant, travel, retail has been hit very hard and layoffs and some of the jobs will not come back but some of the senators wanted toe do more for them. What about in particular the ones that got trashed in my state are restaurants, bars, workout facilities, motels. Are we able to focus this money in any way to say Hospitality Industry . If they have fewer than 500 employees they would have been eligible for the ppp program. Reporter Federal Reserve even reminded Congress Makes loans, not grants. As Federal Reserve chairman powell said one city is now using the Municipal Liquidity facility. He says all 11 facilities the fed has running or will put into place have no end date at the moment. He also said that on monday they will start to buy corporate bonds. When pushed on that by senators he said that they announced the facility at the beginning of this pandemic so the fed will follow through with it regardless if the economy starts taking off on a big rebound. Back to you. Charles edward, thank you very much. While powells accommodative approach to this economy during the pandemic coupled with the soaring jobs report which of course resulting in todays retail sales number sort of putting some, a lot of fire under the fact that we are witnessing a vshaped recovery but his Mission Today was to convince congress, hey, more is needed. And for this i would like to bring in from Kings College in manhattan Fox News Contributor brian brenberg. Brian, you and i have had this conversation before and what is really compelling here these numbers were so great, the last few big economic reports that weve had, significantly better than any of the experts anticipated them to be but to a degree it is still masking just really mindboggling pain the likes of which no one alive probably has ever seen before. Over 20 million americans are still unemployed. Yeah, it is, charles. I know youre an optimist, but even you could not have predicted numbers we saw today with consumer spending. I was there with you when we got the jobs number. That one beat everyones expectations. I agree, there is a long way to go, no question about it, but the fact that these numbers are so big, charles, tells you something about the American Consumer and producer we just didnt know the answer to till now, will they have the guts to get back out there, that was the question. And the answer right now is an emphatic yes. So i think as we think about stimulus, you have to remember that the best stimulus is workers and consumers getting back out there to the extent that we give them the ability to do that, they are going to drive the recovery and i think it means you dont have to rush into a bad deal on stimulus which right now to me is a threat, that we do something that actually harms this recovery instead of helping it. Charles i thought senator thom tillis had the best question. Some of it was wonky, but a point he made was really amazing. He called it the doughnut hole, travel, leisure, hospitality jobs, ones hardest hit initially will be last to come back and he says treasury doesnt have any kind of facility to help. Sounds like youre echoing the idea maybe there is a need for targeted help rather than a blanket approach . Look, i love the idea of targeted approach. I think if we had a government that wouldnt completely locked in division all the time we could probably come together and do that but the fact is anytime you want to get targeted help to somebody you got to layer on top of it help that somebody doesnt need, that serves somebody elses pet project. Look at hospitality restaurant industry, businesses, the things they need is the ability for people to get back out there. They need local, state, federal politicians telling them, look you can get back out and do things. They dont want people to scold them. Governor of new york was scolding people the other day about the way theyre behaving in this opening. They dont need that. They need people saying here is how to do it safely. Get back out there and go. That is the only natural way these businesses recover. Im just not convinced well get targeted help it will not make Something Else worse somewhere else in the economy. Charles yeah. Cuomos paycheck was not interrupted last few months. He might not exactly what some of these folks have gone through. I dont want to take a cheap shot. What he said, how he handled these folks to your point was the wrong medicine at the wrong time. Brian, thank you very much. Always appreciate it, my friend. Thank you, sir. Charles again, folks with all the signs pointing to the economy at least coming off the lows in the worst Case Scenario where does Congress Stand with respect to more stimulus . I want to bring in Georgia Republican congressman, jody hice. Congressman hice, a lot of fiscal conservatives say take it slow, see if it is working out. The danger there, if it is not working out and youre playing catchup, you wont catch up. It was in other words, swift action by Federal Reserve and swift action by administration and congress that i think resulted in todays retail sales numbers. Yeah it was quick action from congress but keep in mind too, a lot of those funds are just not getting to the market, getting into places where theyre going to have an impact. While we have states like my own, georgia where were opening and the economy is absolutely booming, just remarkable. Businesses are opening and numbers, the mass numbers about people who are out participating in it, we still have blue states that are shut down still and to be honest with you, charles, there is no amount of money that can open up an economy where businesses are not open. Free economy requires an open economy. Charles sure. There is no debating that. Certainly someone lives in new jersey, works in new york, you look at those states, look at michigan, you look at california, you look at the distriction of the ppp money, most of it went to those states and these businesses probably need more because they didnt get consumers in the doors but having said that, major debate is brewing on capitol hill. How do you see yourself voting . Again, i think they should frame it instead of like relief because those previous packages were relief. Those were, to save people. Maybe if they framed it more stimulus to truly get us over the top as a nation . Yeah, i mean but at the end of the day, charles, we have to see what is in this thing. To this point the democrats have been good about filling up all the stimulus bills with democratic agenda items. We dont need to go down that path. It is unfair to go there. Here is what i do know, without any question the fundamentals of the economy are strong. I mean we just came out of the greatest economy in the history of our nation. Those principles, those foundations still remain. So as we set the standard for businesses to get back in play, i think were going to see those fundamentals kick in again, businesses will boom right where they were. It will be, i think charles youre right on that. Well see how this goes, yeah. Charles let me just, because were going to run out of time. I was watching the hearing, virtually every democratic senator that spoke today on that panel talked about the wealth gap between blacks and whites. Jerome powell for most part nodded his head. He didnt interject when he had the chance to mitigate some of the baiting, race baiting. I feel like republicans are being set up if they dont provide any additional stimulus, it will not only become an economic issues, they will say, hey, these folks are racist. You knew blacks were most vulnerable. Didnt add any extra stimulus, look what happened . Listen, those kinds of arguments and gamesmanship have always been around and always will be. Perhaps now more than at other times. But again, keep in mind, minority groups of all kinds had lowest unemployment before this pandemic. They were making more money. Jobs were abundant. That is where we want to get back to. People can make accusations, can throw stones anywhere they want to but this president and economy we had and economy that were going back to is going to well serve every american citizens who is ready to get out an work that is the american dream. Thats where weve been. That is where we get back to regardless whatever accusations come our way. Charles right. The same tide lifts all ships. Congressman, thank you very much. Appreciate it. Thank you. Charles and, folks, while the Mainstream Media zeros in on the horrors of the tulsa race riots, none explained how black americans were able to generate so much selfsustained prosperity in the first place. Were talking in the 1800s, early 1900s. By the way it is still the perfect template for anyone that wants to do well. We have todays voices for 2020 trump Advisory Board member, tw shannon. He will weigh in on that next. There are times when our need to connect really matters. To keep customers and employees in the know. To keep business moving. Comcast business is prepared for times like these. Powered by the nations largest gigspeed network. To help give you the speed, reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Charles President Trump moving his tulsa, oklahoma rally, from juneteenth to june 20th out of respect, after receiving backlash for wanting to hold the rally on oldest nationally annually celebrated holiday commemorating end of slavery in the united states. For more i want to bring to light the importance of the tulsa race riots which wiped out black wall street. While the media focuses on the outrage, i want to focus on black wall street which by the way flourishes along with scores of other black towns popped up from 1865 to 1920. Now the black wall street and tulsa had luxury hotels, luxury shops, restaurants, pool halls, and so much more. I thinking went into that would be the perfect template for everyone today. Out of that notion i want to bring in oklahoma transportation commissioner, black voices for trump Advisory Board member tw shannon. Tw, you always talked about prosperity for the answer to solution to the economic and racial i am imbalances, prosperity, rejecting special standards, pulling yourself up by the bootstraps, black wall street did that and this was 100 years ago. Black wall street stands as beacon of hope, works for the american dream. It worked in the 1900s, worked in the 1hundreds and works today. Black wall street stands as testament. And its a story that needs to be told and i think President Trump chose tulsa oklahoma. Black wall street not only hotels but banks. Even a cab stand that had several model t fords that were all black owned. It really represent represented what is great about america. Charles selfsustained Prosperous Society without any kind of government intervention. Just determination driven by entrepreneurship, money lending, those kind of things. You had all the foundation, it is right there and im concerned not just for black people but americans in general have been sold this idea there has to be so much government assistance with respect to living and the notion of minimum wage. Im so tired of the minimum being the maximum for us when we should be told, no, maximum wage. This is how you get it. There was a recipe in the early 1900s that helped black wall street to flourish. It really focused on three areas. Number one, strong families. If you want a strong community, you want a strong state, you want a Strong America you have to have a strong family. It starts there. Number two, the great work ethic, the people of greenwood, knew how to work and roll up their sleeves, how to get things done. Last but not least this is what President Trump understands. Capital is coward. It will not flow to a hostile environment. The great thing about the early state of oklahoma. It was a beacon much capital where people wanted to invest their money, where they could expect a return and idea of selfsufficiency was really home to anybody who wanted to come to oklahoma by choice. So black wall street is a story that needs to be told. Its a story, frankly has been covered up. You see so much happening in the National Media where were tearing down monuments. That is a debate for different day but certainly my focus is always lets tell the true history. Tell the true story. Not just part of it. That story about black wall street, it just hasnt been told. The race riots have been mentioned some. But that story of how africanamericans were thriving in oklahoma in the 1900s and how it came to a screeching halt, really because of the fake news media. It was the fake report that went out about about a africanamerican young man, shoe shiner alleged to rape a white woman. Fake news put that out, that really lit the flame for the race riots. Im charles that part we know about. Right. Yeah, that part we know about. The part about the race riot. It was ugly. It was, you know, 10,000, thousands of homes burned down but the idea of the prosperity i hope emerges from that for everyone to take a quick glimpse at, be inspired by. Real quick, ask you about President Trump taking Police Reform action today in the wake of George Floyds murder. You say defend the police is obviously a stupid slogan but do you think President Trump went far enough . I think this is great start to the debate and i appreciate the president taking the initiative to start the conversation saying listen, racial profiling is an issue and Police Brutality is an issue. The president really taking leadership role saying it has to stop. We certainly appreciate our men in blue doing the right thing. We have to address those that arent. Certainly video that came out is unacceptable. Anybody who sees it knows that but we have got some real work to do. I think this legislation, the idea, frankly that the president is proposing, signing it as an executive order i think is a step in the right direction. Im hopeful legislation will codify it into law. Charles tw, youre a favorite of mine. Always appreciate it. Thank you for having me. Good to see you. Charles all righty. New covid19 treatments hopes are fueling this market rally. It is not just about the economy. In fact details are what scientists are hailing as a breakthrough. Plus how big of a buying opportunity is this . Want to brain better . Unlike ordinary memory supplements neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. Charles researchers this morning announcing the first drug that is saving lives among severely ill coronavirus patients. The drug is cheap and widely available, has reduced deaths by 35 in those folks in those patients who are on ventilators. That is huge. Cheryl casone has the details. Reducing inflammation, charles. The uk government immediately authorized this treatment. This is the worlds first coronavirus treatment proven to reduce patient deaths to be used in the country. Means all coronavirus patients in the hospital require oxygen will get this drug as of this big news this morning. And this afternoon. Researchers in england made the major announcement this morning a widely available steroid, it is called dexsmithosone reduced death in severely ill coronavirus patients by 1 3. The death rate dropped by as much as 35 on ventilators. Patients ons objection again dropped by 30 . Reducing mortality rate by 17 . This is really large numbers. The patients were given the drug led by the university of oxford. Thousands participated. We learned hhs is planning for Vaccine Distribution this, is vaccine story with emphasis on essential workforce. Vaccine will get into americans hands. There is big pharma. Were watching stocks, at least 23 companies are looking to develop vaccine and a treatment. Some of those companies except for moderna, a little bit of pressure there otherwise these are stocks to watch. J j, gilead, glaxo and amgen. They will start immunizing people in britain with experimental shot. 200 people will get the candidate developed at imperial. French president Emmanuel Macron anding that crone will hold talks with vaccine he will vests. He is trying to get eventual distribution of vaccine treatments fair and common good. He doesnt want it to be a money grab for vaccines. Countries are as you know, charles, are going after vaccines, theyre putting money behind it and frankly the u. S. Is one of them. Back to you. Charles cheryl casone, yes we certainly are. Speaking of health care stocks, the health care the second best performer right now being led by eli lilly. That is the best performing stock in the entire market at this moment. Well be right back. Tums versus mozzarella stick bell rings when heartburn hits fight back fast. With tums chewy bites. Beat heartburn fast tums chewy bites 100 online car buying. Carvanas had a lot of firsts. Car vending machines. And now, putting you in control of your financing. 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To learn more, go to sleepnumber. Com. Yeah yyeah yeah hey, hey charles all right, folks. Earlier in the show, i said meandering. Your second best performers, material names. Remember, president s trump started the day off talking about infrastructure. Your big winners, vulcan, united rental and Martin Marietta materials. I want to bring in key Adviser Group Eddie Ghabour to find out what hes investing in and how hes guiding his clients through all this madness. How are you handling all of this . Its been a wild three months but we have been probably more active than we ever had been for our clients just because thats what the time period calls for. Early march, we were lucky enough to be able to raise some cash from some of the fixed income that was pretty stable and we were able to buy this dip in early march, for many of our clients. And our clients that were overweight cash charles hold on. You bought in early march . Yes, sir. Charles whoa. That took a lot of guts, my man. It did, but hey, sometimes going against the herd is the right move to make, as you well know. So it played out real well for those clients and we are sitting in a very good position right now, and i think the backdrop for this market, as much as its hated and theres a lot being pushed out there about a second wave shutting down the country again, i dont think thats going to happen. I believe this market will be choppy just like it has been. I think you need to be active and for long term investors, put your blinders on, ignore the noise because the backdrop, whether or not you like it, is bullish. The game changer for me frankly was a surprise in the job numbers that surprised me just as much as it did everyone else. Charles you know, i want to share with you, take a look at the s p overall, because i think if you look at how much this markets come back, you would think almost all stocks are up. Coming into todays session, only 129 stocks were up and their average gain was only 14 . Now, the top 20 winners, up almost 42 . What it suggests to me is that there are other areas out there just like you saw how the market was oversold and an opportunity in march, theres got to be other areas besides the household names that everyone buys. You are exactly right. Like you said, the index doesnt tell the whole story. One area now i think that investors can go into, its a higher risk play but cyclicals. Look at the banks. I know right now a lot of people hate the banks because of low Interest Rate market but look at a company like citigroup, they are still down 30 year to date so i think again, if you look two years out, if this economy continues to trend upwards like it has started right now, these beatup Companies Like citigroups of the world could be a handsome reward for some investors that have the risk tolerance. Charles i got a minute to go. I want to talk about this because after deck acades of be chided for chilling out in moms basement, millenials are being chided for playing the stock market. Theres just no pleasing the critics. What should they invest in . Im glad theyre out there putting their money to work. I would just advise them to focus on companies with strong Balance Sheets. It may sound boring but versus investing in like a hertz corporation, speculating too much. The semiconductors in my opinion are a great longterm play for millenials. I think the future is very bright for the nvidias of the world. C charles eddie, thank you very much, my friend. Liz claman, the major indices again, the word is meandering. At a great level, but meandering. Something tells me that wont change in the next hour. Liz if this is meandering, im taking it. Im happy. Thanks so much. Charles, you know what, we are about to witness whether the bulls can pull off a Third Straight day of gains. The combo of record retail sales, the possibility of a 1 trillion infrastructure bill and potential treatment for covid19 has wall street rallying with 59 minutes to the close, Dow Jones Industrials charging higher by 560 points. The s p up 61. Look at the nasdaq, gaining 1. 75 or 165 points. Are there any fiscal conservatives left inside the beltway . Mr. Sunday is here on this tuesday to reveal what the infrastructure plan really says about the Republican Party and whether the bill standa
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