Along with facebook and twitter, new legislation removing protections from big tech. Marsha blackburn live in a few minutes. President trump is aimed to at a broad strategy to prevent veteran suicides. Well have reaction from retired marine corps gunnery sergeant, jesse jane duff. All this and more on making money. Charles covid19 cases are on the rise at least in 20 states, instead of focus on other 30 where it is not on the rise, the media taking opportunity to stoke fear. How bad is it. Vice president pence write negotiate wall street journal america is containing virus. I had a chance to meet with the Vice President on this situation and how we talk about muchneeded infrastructure programs. Take a listen. There was wall street journal editorial yesterday, you were pretty upset about the media sounding alarms over socalled second wave of the coronavirus. You think theyre off base here. What are they missing . Well, charles, good to be with you, thanks. I think what theyre miss something what the American People have accomplished over the course of this coronavirus pandemic. Despite the fact that some Networks Like to put maps up with lots of red states, the reality is, as of this morning there are only 11 counties in america that are seeing accelerating new cases and only about 2 of the counties in this country are seeing any significant increases in cases at all. The truth is that now that all 50 states and our territories are reopening were proving we can do that in a safe and responsible way. The areas where were seeing increases in cases, places like texas and florida the reality is that those states are also focusing on vulnerable populations, whether it be Nursing Homes or prisons or meatpacking plants and that combined with the massive increase in testing all across the country, i think it is creating the impression for some americans that were in a different place but the reality is because of the strong leadership of president donald trump, because the American People embraced those mitigation efforts, because of the Recovery Efforts that we secured from the congress and because states across the country are responsibly reopening, were getting there. Were getting there as a nation in every single day were one step closer to putting the coronavirus in the past. Charles there is no doubt about that and you talked about these red state maps and for me, it was even more frustrating last week when the market, the Dow Jones Industrial average was off 1800 points as the Financial Media was pounding the table on the uptick in coronavirus. Not only did i find it to be disingenuous but extraordinarily dangerous in these precarious times. Charles, youre exactly right. I saw again this morning states like wyoming and montana were colored red on another networks map n those states they literally saw increase of five or 15 cases a day and yet because they were evaluating them on percentage increase basis they put them on a map and they created an impression. Again i want to say that only about 2 of the counties in america are seeing any significant increase in cases at all. Charles right. And all across the country more than half of our states are either stable in their number of new cases or theyre actually seeing new cases declining despite the fact that literally were doing more than 500,000 tests a day, thanks to that Public Private partnership that President Trump forged with commercial laboratories, good work of governors around the country, weve done more than 23 million tests around america. That is contributing to some new numbers, even despite that, charles, even two months ago we were averaging 30,000 cases a day, a month ago, 25,000 new cases, now were averaging roughly 20,000 cases a day. But beyond that, hospitalizations are declining for coronavirus all around the country and most importantly, our fatalities are declining very precipitously around the country. That is a tribute to what the American People have done, to what our Incredible Health care workers have done. Frankly it is also, it is also a tribute to new therapeutics that are available, that we made available like remdesivir and even the breakthrough you heard about yesterday with the steroid treatment. Were making real progpress. Were saving lives. We slowed the spread and flattened the curve and the American People deserve to know what they have accomplished. I want to get to two other things while i have but finish this off. It is natural to expect as economies reopen around the country for there to be an uptick. The real question is hospitalizations. How prepared are we compared to this thing hit us in left field. Are we prepared for a slight uptick in hospitalizations . It is really one of the Great Stories that the American People can celebrate as we stand here in the middle of june. You know, when we went to the country in early april and at President Trumps direction we asked the American People to make real sacrifices in their lives what became 45 days to slow the spread. It was really about first saving lives but, also it was about insuring that our Health Care System and our hospitals would not be overwhelmed and the great news that they werent. That we did flatten the curve. We saved american lives and in all of that period of time we also stood up and unprecedented, literally wartime effort of producing health care supplies, masks and gloves and other personal protective equipment by the billions that have been distributed all across this country. Charles right. And maybe most meaningful of all, in a partnership with ford, with general motors, health care with other great companies, were well on our way to producing more than 110,000 ventilators in less than 100 days. And as i stand before you today, i think it is a national accomplishment that no american who has required a ventilator was ever denied a ventilator in the United States of america. And finally to your point, charles, even as we speak, even as were seeing hospitalizations declining and were seeing cases declining over the last two months despite a massive increase in testing, we are backfilling our Strategic National stockpile. We are continuing to procedures personal protective equipment for whatever the future holds, the American People can be confident, well make sure our Health Care Workers and their families have the supplies and equipment we need to meet whatever comes. Charles lets talk about the economic side of this recovery that goes hand in hand with the health side. A lot of debate now on what should be included or if this should be another stimulus package out there. Apparently the word is that the white house is looking in the something of the two trillion dollar range but there is also reports of an infrastructure package at a trillion dollars. Would those be together with one trillion infrastructure be part of the two trillion or would that be a separate entity . I think our expectation now, charles, infrastructure will be part of a separate piece of legislation. There is roughly a 400 billiondollar infrastructure bill with the president and our team have had conversations with capitol hill. The president s made it clear were in discussion with the congress about another phase of recovery, it is going to be focused on the American People, on making sure that families are able to get through this coronavirus pandemic. Were going to help small businesses. Were going to bring our economy through but, ill be honest with you one of the things the president s made very clear with leaders in congress we have to have progrowth policies in this next round. The president wants to see a payroll tax cut. That is going to put, that is going to put money in the pockets of working americans. Were going to make permanent the relief on the employer side, that will encourage investment and job creation and growth. Charles right, right. Were going to put Families First and the American People first. Make sure they have the support that they need. Were also going to also bring forward the kind of policies that will catalyze the growth, frankly, charles, you predicted that is happening all over the country. I was at sallys restaurant in forest city, iowa, yesterday. It was her first day open and the place was packed. People are excited to be back in this economy. You saw nearly three million jobs created in that last jobs report. Retail sales yesterday, 17. 7 . Look, all 50 states are responsibly reopening. And as you predicted early on, this economy is coming back. It is coming back strong. And if i could say one last thing, i really appreciate in your question that you said that, that a Strong Economy and health care are, you cant really separate those things. This isnt a choice between a growing economy and the health of the American People. What President Trump understood from early on. This is really a choice between health and health. We asked the American People to do hard things, to save american lives, to preserve the capacity of our Health Care System. We accomplished those things. We slowed the spread. We flattened the curve. We saved lives but there are real human costs to the kind of shutdown and lockdown that we went through and it is why, even before that 45 day was over, we published those guidelines to open up america again. And now all 50 states are proving that we can do it safely and responsibly. Even as we see, you know, outbreaks in particular counties around the country, well surge resources, cdc personnel. But were going to keep america moving forward and were going to open up america again. Charles well the administration has got to be applauded as well as the Federal Reserve. It is swiftness and decisiveness of your actions that got us where we are today. I really appreciate your time, Vice President pence. Thank you very much. Thank you, charles. Charles Vice President pence there and it feels better. We know there is going to be an uptick. We want to be prepared. Meantime all three major indices are trying to gain a little bit of traction. Throughout the hour im asking my market watchers what they are buying and what you should be looking at as well. Google being accused censorship. Tennessee senator Marsha Blackburn says that the tech giant is showing quote, its true colors. What does she plan to do about it . Tune in at 2 25 to find out. You say that customers make their own rules. Lets talk data. 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 well it is a rare calm day for the market which seams to be in a tugofwar right now. It has been trading in a narrow trading range the last couple days and with all the big Economic Data out for the month, the big question will be what is the catalyst to break this market out of that range one way or the other . Here to tell what investors should be doing at this moment, kaltbaum Capital Management director, fox business contributor, gary kaltbaum. Gary, i want to start off with the fact youre very upset, more than normal about the Federal Reserve all the gimmicks it is using. It has 11 lending facilities. Jay powell is on the hill saying he last got to do it. One day they will reverse all of it. Youre not buying it. No. He cant reverse it because the market will drop 3, 4,000 points. I big believer in free markets, charles. Simple as that. He keeps interfering. Leave no doubt what he did last week was because the markets dropped 2hundred 2700 points out of nowhere out of fed meeting we have more tools. This week he starts buying up individual bonds. Market loves when he prints money and when he buys stuff. Here we go again. The nasdaq is back to enfaith go again, charles. All the Great Technology names, internet names are on a run. Even today where the dow is kind of quiet, the nasdaq is very strong again. Charles and to your point it is not just those big names because i want to zero in on those later. I watched your tweet earlier. You talked about carver bank and radio one. What i read is the reason theyre up there is a big theme going on social media buy black. Because of all the money going into the black community, carver bank being a black bank, urban one being a radio station. Carver bank shares were up 153 , traded 100 times normal volume. Obviously that raises a yellow flag for a lot of people . I never like undue froth and speculation and leave no doubt that is what has been going on for a few weeks now. It is not just those names recently. You see what is going on with hertz, people buying the stock from 40 cents up to 6 even though the equity is worthless and almost able to get a secondary done. I think fcc is on that now. We never want to see that because it is usually an indicating late in the move when it is things like that. Charles right. Like you mentioned carver bank goes from 2, trades up to 23 earlier. Back already to 10. There is a lot of money to lose on these things if youre not careful so just be very careful out there. Charles now, the flipside of that is, today, an example would be needham. They put a target on amazon. Put a target 3200, but they said long term amazon could go to 5,000 a share. I want to ask, you do a lot of trading, are there stocks like amazon you should buy and hold forever, at least for now, put it on a shelf . Look, with an amazon, they have proven themselves through bear markets, bull markets, crashes, smashes, recessions and pandemics. The stock is near alltime highs. Yeah there are names, but babysit everything because you never know. There has been plenty of stocks we used to love and know like lucent and Nortel Networks that went by the wayside. You never know where the next competition is going to come from but right now leave no doesnt, amazons one of those names. Would i suggest facebook is another one that is standing the test right here and there is a bunch much others right now trading very well like a paypal and a square and thats where i put a lot of my money. Just these category killers that have proven themselves with growth in good and bad times. You know, so funny i was just looking at nokia, i dont know why. 4. At one point it was the most valuable stock in all of europe. If you held on to it, golly. Gary, thank you so much, appreciate it. Got it, buddy. Take care. Charles all right, see ya. Google being accused of censorship, yeah, believe it or not after zeroing in on zerohedge and the federalist yesterday. Coming up Fox News ContributorDeneen Borelli if this is more evidence that Silicon Valley is censoring conservative thought. She will be followed by senator Marsha Blackburn on how lawmakers are saying it is their turn to take action customizes your Car Insurance so you only pay for what you need . I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. vo at whether on the track,that exhor the everyday drive. Ty, today, that philosophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. Charles google facing backlash after reportedly removing zerohedge from its ad platform and threatening to demonetize the federal lift after comments in the comments section. Jackie deangelis has the story. Reporter google is playing defense after that nbc news report indicated the company was taking action against the federal it, against zerohedge for articles that google said pushed unsubstantiated claims about the black lives Matter Movement that was in the nbr article. The article said that the the mh they. Google is turning total corner on this. Theyre insisting that the federalist was never demonetized and that it was the comments section that was even in question, not the articles and that zerohedge had already been demonetized. Chris bedford, Senior Editor of the federalist on the evening edit last night. Listen. But right now i can say for certain that nbc news changed their story and google was very, very quick to shut it down. The question whether or not is google is actually on the side of truth on this matter or whether google is in retreat after a descry clumsy attack. Reporter the irony, charles, this is coming after there are reports that google ceo sun day pichai is open testifying before congress on antitruster questions. Ted cruz wrote a letter to pichai, it raises serious concerns that google is abusing it is monopoly power in an effort to censor political speech which it disagrees, earned quote. Senator josh hawley introducing legislation that allows lawsuits for consumers against social media platforms like twitter, facebook over issues like censorship. The problem for google, besides censoring speech, deplatforming websites and demon advertising revenue could literally bankrupt them, if that happens they go away. If google is doing that, the question is this an abuse of its power. Google reportedly banned over 200 publishers for generating profits through its google ads in 2017 alone, charles. So this has happened in the past. Back to you. Charles thank you very, jackie. I want to bring in on this Fox News Contributor, Deneen Borelli. Weve talked many times about your own issues with silicon valladaresly giants and how your very successful youtube videos were somehow dismantled and it really hurt your career to agree agree. So i know youre not shocked by what you said yesterday, but do you think conservatives are fighting back the right way . Looks like they did backtrack with the federalist . Well as the character from diehard said, john mcclain, welcome to the party, pal. This has been going on for way too many years, charles. Now that you have the name recognition platforms like zerohedge and the federalist, theyre making news about what we already knew what was going on in Silicon Valley with these big tech giant companies censoring conservative voices and speech, removing followers that you thought were there yesterday and all of sudden they have gone. And shadow banning and hiding whatever it is that the content that youre trying to push out, simply because they disagree with what your thoughts are and your ideas and your suggestions are. It is outrage just but it is about time they get called out by this. They need to be held accountable. Charles do you feel that maybe it was twitters decisions against President Trump and some of his tweets that sort of tilted the pendulum if you will . Instead after facade, hey we dont think were biased. Were not trying to be biased to the point theyre saying okay, this is where were coming from. This new age where you can shame a coach for wearing a tshirt of a television station, maybe it is just okay to go after conservatives in the open now . Well it is words versus actions. Listen they have been doing this for a very long time now. People who dont have a voice, that cant be heard and recognize that they have been harmed by what these outlets are doing, theyre hiding behind the title as a platform but theyre acting like news outlets. Theyre picking winners and losers. There are countless americans that have been harmed by the actions of these Tech Companies. Charles before i let you go, real quick, please, it is a heartwarming story and i wanted to share it with you. Two black women at cracker barrel. This is in tennessee in Sumner County and a patrol deputy came in and they slipped him this note. I just think it is so amazing because we dont hear these kind of stories at all, but there is a lot of love in all communities, including the black community for the police department, isnt there . There absolutely is and, overwhelming majority of Police Officers, men and women they want to protect citizens, protect our streets and property. Theyre working hard, theyre concerned about their loves because everything has been turned against them when it comes from libs and democrats that are pitting our Police Officers against our citizens and it is really outrageous and its dangerous, charles. Charles yeah. All right. Deneen borelli, thank you. Always great seeing you. Thanks, charles. Charles going get google is under fire as the Justice Department is considering rolling back Legal Protections for Online Platforms that have been place for two decades. The doj is making Tech Companies more responsible how they control their content. Joining me senator Marsha Blackburn. Senator blackburn, you have been talking about this for a long time. Seems like washington, d. C. Is on the verge of taking action . Youre exactly right, charles. I have been talking about this issue for quite a while and while i was in the house and coming to the senate and leading the Technology Task force at the Judiciary Committee. When it comes to section 230 you dont want to get totally rid of it but, and ive talked with the president about this, talked with the white house about this, and what we need to do is, first of all, make certain that these platforms realize that free speech and political speech are the same thing. This is protected and when you look at section 230 it is overly broad. You need to go in there and look at the definitions and then come back and say, all right, this is where the changes need to be. I applaud doj for bringing some ideas forward. We are going to take this discussion up further and make changes at the Judiciary Committee. I look forward to continuing to work on this and appreciate chairman graham and his work on it. Charles now your colleague, senator tim scott, released a long awaited justice act. Legislation on policy, policing policies and some of the things talk about discouraging but not necessarily banning chokeholds and noknock warrants. The report that they want to report all officers who have involved shooting into an fbi database. Encourage broader use of bodyworn cameras. Make lynching a federal hate crime and establish a best practices commission. Do you think this is a big step in the right direction . I think its a major step in the right direction and i applaud tim scott and the work that he has done on this issue. We had a hearing on the justice act and Police Reform yesterday in Judiciary Committee and, we had before us Police Chiefs, we had those involved in Law Enforcement, those that work with victims and having some standards that are clearly understood across this nation. Some of those best practices, one of the Police Chiefs mentioned to me, he said, you know, we have got 50 Different Police academies in this country. Thereby we have 50 different standards and 18,000 police forces. We need some standardization and Law Enforcement needs to be involved in saying what those best practices, processes and protocols are. Charles senator blackburn, thank you very much. Always appreciate it. Good to be with you, thank you. Charles so, folks were seeing some jockeying in the markets. This after some really wild sessions up and down. In pa debate, well it continues to rage own, is this a bull market pullback . Are we still in a bear market . Tweet me your thoughts cvpayne. Bull market, bear market. Talk about a coronavirus baby boom looks more like a bust yeah yyeah yeah hey, hey charles despite the magnitude of the stock market rebound more professional Fund Managers think were still in a bear market, although a lot fewer than a month ago. 78 of those Fund Managers cited in the bank of america manager survey says the market is overbought. Sounds like a buy signal. We have Katherine Rooney vera and Francis Newton stacy. Kathryn, let me start with you, these Fund Managers theyre wrong a lot more than theyre right. I think theyre the perfect contrarian indicator but theyre saying this is still a bear market. Where do you think we are . Well, cant be a bear market by definition if the fed steps in to purchase assets anytime the market drops. So what would have been a bear market, charles, will not manifest even if it was required to occur. Lets say that the u. S. Economy finds itself in a w type rebound, not a vshape . The fed is there to backstop the markets. I think that is very explicitly stated by jay powell. No, this is not a bear market rally. We need to look to buy any volatility to the downside and accumulate cautiously and methodically into risk assets. Charles francis . Yes, so i agree with kathryn entirely. I think this should have been a bear market but the fed has stepped in an unprecedented manner. Just the other day when we saw weakness in the markets they came in and immediate announced they would be buying bonds directly from corporations rather than just the etfs as they had done before and to further her point i would say that the fed has a lot of firepower left. Most recent estimate ive seen they have deployed 95 billion of the 2. 6 trillion that they have committed to the lending facilities and they have yet to buy equities which they said is not off the table. So i agree with kathryn. I think we will continue to see high volatility and pullbacks but the mode is, dont fight the fed. Charles dont fight the fed is a tried and true. Yeah, sure. Charles, there is one question that no one has been talking about that has to be asked at the next fed presser, what is the exit plan, what is the feds plan when and if they get losses on the Balance Sheet . It cant take the losses who assumes them . The taxpayer. That question must be posed to Jerome Powell at the next presser. Charles i think someone may have asked him today, he said at some point they will just let the Balance Sheet run off naturally. As far as losses they will take them to yucca mountain. Im answering for him. I get where youre coming from. Wherever you park nuclear waste, that is where you park the feds losses. You know, so the question then, ladies, is, the market, it has to broaden out. Only 120 stocks are up this year from the s p. One area that is superhot today is underscored by nikola. Got outperform rating from cowan a top tier firm, 79dollar target they think its a 28 billiondollar company with no sales. That means it is more valuable at ford at 25 billion, fiat at 19 billion. Yesterday you saw rural pharma, ipo took off like a rocket. Ipos, special Purpose Acquisition Companies all on fire, francis. Is this bad or good for the market . Is this something encouraging or is it a yellow flag . No, think theyre also following the trend of the fed. What is interesting about the ipo market in general they will have better negotiating tools given the pandemic and given potential weakness in some of the Balance Sheets, however, with the backstop of the fed they can go in with that kind of confidence. As long as the fed continues to backstop any weakness in the markets well see uptick in ipos. Of course threatening that would be any surprises and there are a lot of potential surprises. There are some headwinds coming up. You have spot Unemployment Insurance coming to an end thus far on july 31st. Taxes due on july 15th which could create a somewhat liquidity concern. Airlines laying off employers end of september. You are forbearance at end of october. Those are the headwinds but for now the fed has our back and the ipo market will respond accordingly. Charles i was wondering why my accountant was calling me over the weekend. I forgot taxes were coming up. Katherine, market going up, fed as a backstop, perhaps the federal government reloading all the programs that francis talked about. Is there any specific areas we should be looking at . Yeah. Look i like banks. Banks have been a laggard. They havent done as well as the broader market. They have pulled up the rear in this rally. Were seeing bestcase scenario coming to fruition, charles, already baked into multiples of 25 times, steepest since the dotcom bubble, backing year 2,000, lets pick some sectors. I like the banks, because banks are part of the solution. Theyre not part of the problem. I think zero rates are already priced in. And banks could do well if in fact we get a very robust recovery. Charles ladies, we got to leave it there, katherine, francis, thank you both very much. Always a pleasure. Great stuff. Right now President Trump is highlighting the administrations efforts to prevent veteran suicide while Offering Mental Health resources to our nations heroes. Coming up what still needs to happen to help these brave men and women, theyre especially vulnerable, more vulnerable than most people during the pandemic. Well be right back. Gets, better days follow. For over 168 years, massmutual has been helping people weather storms. Let us help you prepare a plan to protect your family, your loved ones, and your future. Find a financial professional at massmutual. Com sawithout evenon yoleaving your house. And your future. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees, and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Charles President Trump unveiling a broad strategy to help prevent a rash of suicides by u. S. Veterans. That plan includes starting up Public Health awareness campaign, providing Suicide Prevention training and improving research. Joining me retired marine corps gunnery sergeant, jesse jane duff. Cochair for women for trump. Gun gunny been too long. Tell us why these steps are different from already in place. This is vastly different than what weve seen before. First of all, 20 veterans are killing themselves a day. What we recognized after much research, only 6 out of 14 are tied to the veterans administration. This is not necessarily a va issue. This is a society issue, a community issue. Now were recognizing we have to have out reach to other employers. Many veterans dont utilize the va. There are 22. 5 million veterans in the country. Maybe only 9 are utilizing the va. How do we reach the other veterans . Through their employers, through Community Outreach and other opportunities such as Mighty Oaks Warrior Foundation which i noticed in the press conference they focus the on the Wounded Warriors foundation. I know personally the guy that runs mighty oaks foundation, over 1000 veterans went to him because they were suicidal and they have not lost one to suicide. We have face to space, peertopeer, clinical and combined. Va cannot touch on the faith based because of separations of government and faith but you must have that also for veterans with strong faith this is an Incredible Opportunity for this nation to address this problem, get communities involved, get people identify who may be at risk. Charles right. I see where i was reading over some of the plan. Employee pledge and tool kit for employers. How does that look . Are these employers going to be contacted . Because employers really i know they want to help but they may not know how to. Yes. Often the society itself does not know how to help people who may be suicidal. We have seen a lot of suicides, simply across society as a whole because of people that felt hopeless. Now were going to try to insure that we very much employers with the tool kits available if they should identify somebody going through that type of anxiety or stress or whatever it is that may be a Mental Health issue. This has been something often buried. People have seen suicide as a sign of weakness and temptation to do such. Often these warriors are some of the toughest people you ever meet. But they come back to society after seeing multiple People Killed or death or injury. They have often survivor guilt themselves. So this is a way that employers can address those issues without people being terminated from employment. Charles right. My father came back from vietnam with survivors guilt. He was on two missions and everyone of his comrades were killed both times. So he was never, never the same. We got to wrap this upping. How should we be bracing for this pandemic to maybe even make this a greater challenge . Well i think with the pandemic that were noticing that the white house has been very aggressive about testing, insuring people all have access to insure they do or do not have the virus so we have opportunity for veterans themselves or others in society can get treatment early. This will not be reactionary thing now. Were being proactive. I think veterans will have access to those same tools. Charles sergeant duff, gunny, thank you very much, appreciate it. Thank you, charles. Charles folks, coming up with all of this liquidity and we talked a lot about it a lot on this show being pumped into this market there is still talk of a downturn but how low could indices really go . With this amount of backstop it doesnt feel like very low. Well be right back vo at audi, we design cars that exhilarate with versatility, whether on the track, or the everyday drive. Today, that philosophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. Charles well, the markets are kind of searching for direction as we head into the final hour of trading but lets face it, we have talked all show long about just how much of a backstop there is from the Federal Reserve, the federal government, but theres also a record amount of cash, almost 5 trillion on the sidelines, 4. 6 trillion, to be exact. Its going to call some new place home besides the sideline. I want to bring in Agf InvestmentsGreg Valliere with more. Look, i think particularly individual investors late last year, maybe prescient, they started to really load up on money market funds with large institutions. Where will they end up putting this cash . Well, there are all sorts of very sophisticated new funds. I see the media says its speculation. Im not sure about that. I think there are young people who are starting to look at funds, we have got one called btal that did tremendously well when the market was down in march. We were up about 9 . These are sophisticated funds but i think there are a lot of sophisticated young people who see all of the stimulus from Jerome Powell, from congress, so a lot of money like you said on the sidelines. Charles im glad you brought that up, greg. Because the media narrative is that somehow, individual investors, millenials coming into this market are dumb, its dumb money. They have outperformed according to goldman sachs, mutual funds and hedge Fund Managers and why shouldnt they own a piece of the action their generation is driving . Absolutely. This portrayal that they cant bet on ball games so they are betting on stocks is way too simplistic. There are lots of very sophisticated funds. We have several that are going to make young people a lot of money. Theres this liquidity continuing. Charles overall, though, equity bonds, you know, bonds have had this remarkable multidecade run. Its been the real safe haven. Just a couple weeks ago, i thought we were on the cusp of a major rotation. I think the tenyear got to. 92 and then all of a sudden, we collapsed again. Will there ever be a great migration out of bonds into stocks . How many years have we all talked about the bond market finally collapsing . It just never happens. Going long treasuries to me is a waste of time. I think there are a lot of good stocks out there and more and more stimulus coming into the market. Charles you talked about the firm, you guys have a suite of funds that cover a range of investing and goals. I looked at some of them, i see the btal, a Market Neutral antibeta fund but youve got u. S. Market mutual momentum, infrastructure, dynamic hedge, u. S. Equities. They sound complicated but they also sound diverse. Whats the most popular right now . I would say btal. We have had tremendous results with that. We have had a lot of inflow into that. But all the others have done well. I say btal is the one we are really the most proud of. Charles whats your greatest worry about this market overall right now . Oh, theres always stuff to worry about. I worry about north korea, south korea. I worry about china, india. I worry about the enormity of budget deficits. These problems to me are not imminent, especially the deficit story. I think we can get by for another two or three years before the bond market actually gets angry over deficits. I think we can spend more on infrastructure, we can spend more on absolutely. Charles all right. Well, the bond vigilantes, i think they went to retirement. I dont think we will later from them in a long time, to your point. Always appreciate it. Fantastic insight particularly with millenials. Well, liz claman, yesterday i used the term meandering. It might be more appropriate today. Liz i know. Cant really decide. The dow is kind of draying up, down. It just turned negative again. But the nasdaq, the nasdaq is making another run at history in this final hour of trade. 10,000 is again in sight. The first and only time its closed above 10,000 was seven days ago but then it lost its hold. Right now, we stand at 9,946, a gain of 50 points, but as for the dow, we got a little bit of chop in the action. The dow is down 69 points. Thats for the blue chips. S p is down just about a