Begin to run out. Republican leaders met with President Trump as the party tries to get on the same page. I think i know what the final package will look like. Well discuss later with mattie duppler, plus . I am a believer in masks. Masks are good. But i leave it up to the governors. Charles President Trump is open to wearing of masks in a wideranging Fox News Sunday interview and were live at the Trump Campaign headquarters with reaction. That and much more on making money. Charles so now all your indices look like theyre trying to turn positive right now as we begin the week. Increased anxiety no doubt about it, but also resumption of the growth trade taking the lead. We saw second concerted effort to get the socalled value names to rally. The result was actually fantastic. We saw strong performances in industrial names, material names. Moreover, those gains actually came at the expense of technology and Communications Services names. Although friday we saw that reversal begin to change again. The stock markets tugofwar i think will be decided by fear. Two types of fear. Fear of missing out. A breakout in s p which is happening right now and the Dow Jones Industrial average, in my mind will force even the most bearish Money Managers into the fray as well as causing those who even hate this rally to blink and jump in. There is the fear of losing money. If the hot Growth Stocks falter and money does not go back to devalue, we could see selling more quickly into a rout. Look at winners and losers last week, s p up 1. 25 . Communication services were down. Technology the biggest loser. Industrial names up almost 6 . Material names up 5 1 2 . Traditional and wall street and Financial Media continue to beat the drums of a market crash, warning individual investors they will lose their shirts in addition to all those moving parts, i think this could be a makeorbreak week for the stock market. I want to bring in money map chief investment strategist, shah ghailani, lee munson, Constellation Research founder ray wang. Believe it or not having the best july since 2013. Value stocks are rebounding. Youve been positive about the rotation. We broken major resistance level at this very moment. Can it continue so if so what stocks and industries will lead the way . It absolutely can continue, charles. I think it will continue. I think youre correct. Well continue to see rotation into beat you know up stocks and sectors. We saw as you pointed out in the materials and industrial sectors. I dont know that they will lead. Tech will continue to lead. Major tech earnings coming out this week. I think they blow it out of the park. I think that puts tech back in the leadership position. Tech faltered a little bit on monday, we saw the reversal. Markets are a little bit nervous. 1. 1 nasdaq composite lost last week, maybe they make that up by a factor of two in one day today. Charles looked like theyre on it way in part because of the upgrades. Lee, i know you like value as well . I do like value. I like that pause there. Listen, since the dawn of markets those cheap, smaller stocks, even large cheap stocks, have always led us out of recession. That doesnt mean you have to hate tech. I am definitely guilty, charles, of talking about how this looks very much like dotcom but it is not at extreme as it was back 20 years ago when we saw this whole thing fall apart. So i would say you dont have to be a hater of tech. What i would rather see for a healthy Market Going Forward is the values start catching up. So with im doing with new cash today, if you dont want to play buy high and go higher, if youre not comfortable with growth, what were doing for our clients, were just buying those beatup, cheap, small value names. Heck, even probation, people think im crazy, i think a couple years from now well see these were very good deals. So you dont have to necessarily think that tech has to come down 20, 30, 40 to get money invested. Right. Plus lets remember, our Largest Holding in the sap 500, 25 are all the tech names. So im getting it every time i buy the s p. I think it is a bit overstated. I again would rather buy the cheap things right now. Charles here is the thing, lee, it is not just you. Lets be honest, wall street in general missed a whole lot of this rally this year and they seemed focus on catching up. Almost every day these major wall street firms seem to have discovered big tech and raising their prices on them. Theyre catching up. This morning no less than four target increases on microsoft. Right now, 32 buys, four holds, zero sells. Goldman went to high of 3800 on amazon. Credit suisse taking target on facebook from 255 to 305. Underlying fundamentals which is different than chasing share price. What is happening right now because wall street seems to be getting on board at this moment . The big thing with big tech, it is cloud, digital, work from home, a. I. And automation. That is what is driving it. This is winnertakeall models in the age of duopolies. The giants are winning. What i look at that, tsa passenger numbers, when that breaks a million per day that is it interesting. Total unemployment down 7 . I think cyclicals will do really well. Of course im also looking to see what the general sentiment is. When we think about how much money supply and how much money is deployed the dow should be at 30,000, nasdaq should be at 12,000 given how much money is in the system but there is still a lot of money on the sides. Charles right. What are you saying . If you get good news, better news on the economy, perhaps phase three, positive phase three on any vaccine, some cyclical names Like Airlines all of sudden theyre getting hammered again. The cruise ships got bad news from the u. S. Government. They pushed off any purported trips. So this cyclical trade, what comes to life big, every now and then, to your point has faded, do you hang out in these big tech names, ray, before then . Yeah. Charles how do you go about this . Okay. I would definitely hang out on the big tech side for now. I would watch the other numbers. Jump into travel, hospitality. Banking is interesting to me. Banking is hard because Interest Rates running about zero. So the banks will have a lot of pressure for a while. It will be costs taken out on their end, right . Commodities look great. Gold is amazing at this moment. Charles you know what . On the bank side im looking at these fintech names and these companies that are involved in payments. That seems to be the place to be in financials. I want to get back to what i was talking about. A couple cautionary articles in the journal this weekend. One compared the nasdaq to the south sea bubble. Folks this was described in the famous book, extraordinary popular delusions and madness of the crowds. If you havent read it, read it. I think it is unfair comparison. Lee, you mentioned youre already negative in terms of this. My problem, lee i think attacks on the individual investors you know, for years we bullied millenials for not being in the market. They get in the market. They dont like what the purists like and bully them again. I dont like that. There is so much hate when young people make money buying hot stocks. I feel that pain. Heres the problem. Im guilty of talking about the dotcom analogy but the pes are very different today, number one. We dont have 1000 teslas out there. Say what you will about tesla, but remember 20 years ago, charles it was like all the companies had gone up 1000 . None of the Tech Companies really made money like the big six do now. Theyre cash cows. Charles right. When you look at apple trading under 30 multiple, that may still be a little rich for my blood, right . Thats okay but i would caution people to say that the fact that some robin hood traders bought hertz going through bankruptcy, that is not the same as the nasdaq 20 years ago. I dont think young people have any concept of the crazy, time, that we went through 20 years ago. It is similar, but it is just not there. I think were more mikely to see the down and out catch up, because the market looks six months forward, not back. Charles so let me bring in someone else who was there and remembers all of that stuff, shah ghailani. Shah, youre very versatile. One of the reasons i love having you on week to week, you change your ideas, you follow the market, you try to be ahead of the curve. What do you make of the constant beating up of individual investors . Theyre doing extremely well right now. To lees point, theyre not buying companies that were under toed on the back after napkin and never made money . I get that beating up of Retail Investors but you have to tip your hat to the Retail Investors because they led us out of this doldrums in march t was really retail that powered the market forward institutions in first time in my recollection had to follow stocks into retail took higher. By the dip retail crowd came in first. You have to give them credit. I dont think it is overdone. I think there is plenty of room. About price to earnings multiples, about Time Companies making, generating profits and cash they are deserve to trade at higher mult pest. People are willing to pay up for the earnings. It makes sense to me. I dont think were overblown. I think we have a good ways to go higher. Charles wow. Ray, bring you in with less than a minute. Good example in todays session, chew which up, pets down 17 . There is changing of the guard. The market recognizes this. Consumers recognizes it. I think old wall street is slow to recognize it . You know thats right. Consumers and Retail Investors get exactly what is happening. They have better signal intelligence. They know what is trending earlier and theyre making a gut call. Gut calls based on what theyre seeing in market, winners, losers are very distinct. The companies that built digital platforms, the companies that built digital infrastructures, companies contactless, companies more in touch with consumer needs, those are the ones winning right now. Charles ray, lee, shah, three of the best. We appreciate you guys helping us to start to the week off. Well talk to you again real soon. Negotiations for the next stimulus package kicking off. I think one of the houses top items at least from one of President Trumps wishlist will not make the final bill. A topic lit up my twitter page. The mask debate. You have spoken. Now President Trump has spoken. I want to hear more thoughts from you cvpayne. Well speak to someone from the campaign in a moment. Later in the hour major developments on the race to get a vaccine. Dr. Siegel weighs in. Should your kids go back back to school . Well see what he has to say. Were coming right back. We have tremendous progress on vaccines and therapeutics. I think people will be pleasantly surprised what is going on the vaccine front and the therapeutic front. Businesses are starting to bounce back. But what if you could do better than that . Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Save without even leaving your house. Just keep your phone and switch to xfinity mobile. You can get it by ordering a free sim card online. Once you activate, you 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. 5g is now included with all new data options. Switch and save hundreds. Xfinity mobile. Charles talks over a fourth stimulus is underway. Theyre calling it covid four. The battle between the white house and congressional leaders there is still a mixup there. President trump telling fox he may not sign any package that does not include a payroll tax cut. Blake burman is with us and he has more. Blake. Reporter here we are, charles. Pointing to the end of july, here we are at this moment. We saw the negotiations, at least the conversations start publicly earlier today in the oval office as President Trump says he wants, as you mention a payroll tax cut. The majority leader drawn his red line. He wants business liability protections. The treasury secretary Steve Mnuchin says he will be going up to the hill tomorrow. He will be meeting with republicans up on capitol hill. After that, he will start discussions with democrats there as well, in this mornings oval office meeting, the lead negotiator laid out other items on the administration wishlist. Watch. Well have tax credits that incentivize businesses to bring people back to work. Well have tax reds for pp and e. For safe Work Environment and well have big incentives, money to the states for education, for schools that can open safely. Reporter the top democrat in the senate, chuck schumer, wanted his stance publicly known going into the negotiations as he wrote a letter to his colleagues saying at one point, quote, unfortunately by all accounts the Senate Republicans are drafting legislation that comes up short in a number of vital areas, such as extending Unemployment Benefits or funding for rental ses stance. Hazard premium pay for front line workers or invests in communities of color being ravaged by the virus and many other necessary provisions. Charles, we will also be hearing more from President Trump in the recent days as he says he is going to be bringing back those coronavirus related briefings. Watch here. Well give you a lot of briefings in the next week and over the next few weeks as i think it is very important to do it, the vaccines and therapeutics. I think which i will bring some of the Great Companies that are working in vary successfully in the past worked on these things and they are going to tell you very specifically what theyre doing and how theyre doing. Reporter charles, the president says the first of those briefings will resume tomorrow, 5 00 in the afternoon. Charles . Charles im going to rush down, get me a familysized supply of popcorn. I cant wait, blake. Reporter get it ready. Have it popping. Charles well see you soon. All right. For more on all of this, lets bring in National Taxpayer unions senior fellow mattie duppler. Mattie, i dont think well see a payroll tax cut in the final bill. I think well see limited additional Unemployment Benefits. They will probably compromise at 300 bucks a week. Liability for Small Businesses in particular is a must. Aid for first responders. Schools need money to reopen safely. Maybe direct payments to americans. I want your thoughts on this because they have a short period of time to get this done, and a whole lot of different opinions. Charles, i hope that someone up there is listening to you, because that was a pretty good list lay out if that is what the next package looks like. Something i want your viewers to keep in mind. Well hear a lot of political acrimony from both sides what each is proposing. The cares act included a lot of common sense relief which was supported by both political parties. A payroll tax holiday, not a payroll tax cut, but a payroll tax holiday allowed businesses to have liquidity for few weeks and months as they weigh into uncertain business future there are things that both republicans and democrats signed off on in april that continue to be in the package now. The other thing very important to keep in mind, in the spring the presumption was that in the summer months we would be in a much better situation we are right now. We thought infection rates would be down and economy would have recovered more steadily at this point. Neither of those things have materialized because were dealing with the Public Health circumstances that ameliorated to the extent we presumed they would be. That means a role for congress to play here, to give economic certainty to american taxpayers, families and businesses as we look the next couple weeks and months and whats ahead. Charles right. We did see though, initial data including jobs come back much faster than the experts said they would but i understand with the reclosings, and the anxiety associated with that and you look at some High Frequency data, whether it is transit or anything like that, dropping considerably over last short period of time, it seems like it should send a sense of urgency down to washington, d. C. Back then, though, i think the key contention will be this additional 600, mattie. We know it is too much money. Between that and what you get from your state, most folks were making more than they would working. They will not go back to work during the age of covid19 when they could be making more money staying at home. Where is the compromise there . Listen, i dont blame a rational worker who will get paid more to stay at home than going to work in a pandemic. That is the challenge. The reason the Congress Okayed a 600dollar benefit, rather than something does wage replacement or 100 or 175 of our employment systems. The systems are too old to handle that math. Simply put our unemployment system is not sophisticated to give big amounts on taupe of states. That is big problem. Social safety net needs repairing. We only think about it in the time of crisis and there is no political will to do it. We should decrease that amount. That will help businesses rehire folks, particularly in states where it is safe to do so. There needs to be precautions for the workers as they get back on the front lines. Whether theyre essential worker or not they need to be safe doing it. That gives them more confidence in the work place. More confidence in the economy. That is good for the recovery overall. Charles so the final package in your mind, something that could make it through, particularly through as the clock ticks, that july 31st looming large but a lot of states, because the way theyre structured will actually stop paying additional monies even before july 31st. Is where, what will be out of this thing that is being promoted heavily . Again i dont think, i dont think the payroll tax cut is going to make it. I know kudlow wants it in there. I feel trump wants it in there because kudlow wants in there. I think trump wants a lot of money to go into the system so people go out and spend it. That is true. 32 Million People are getting some unemployment payment. That means a lot of people are not getting paychex. Payroll tax cut will not do anything for them. Stimulus checks will keep peoples personal incomes whole as we weigh through another round of Coronavirus Relief from congress. I think certainty from congress is the most important thing to get businesses back on safe footing as we wade into the fall months. I agree 100 . Mattie, thank you very much. Well see what happens. We have a week to go. Thanks, charles. Charles meanwhile, folks, President Trump embracing masks to a degree, to stop coronavirus, but this is the part he said it should not be a National Mandate. Should masks be mandatory. Tweet me your thoughts cvpayne. Reopening School Debate rages on should we take a page from how other nations are handling this, other nations we always say we should take a page from . Dr. Marc siegel will react. He is next. Unique lifestyle, thatd be perfect let me grab a pen and some paper. Know what . Im gonna switch now. Just need my desk. My chair. And my phone. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. To visit all the places we didnt know meant so much. S to get out and go again. But were all going at our own speed. At enterprise, peaceofmind starts with our complete clean pledge, curbside rentals and lowtouch transactions. With so many vehicles of so many kinds, you can count on us to help you get everywhere you want to go. Again. Whenever youre ready, were ready for you. Enterprise. Maria had to do everything for me. [maria] she had these awful blisters on her back. I dont want shingles when im your age. [camera man] actually, if youre 50 or older, youre at increased risk. [maria] thats life, nothing you can do. [camera man] uh, shingles can be prevented. [maria theresa] shingles can be whaaaat . [camera man] prevented. You can get vaccinated. [maria] where . [camera man] at your pharmacy, at your doctors. [maria] hold on [maria] dont want to go through that [theresa] hija. [camera man] talk to your doctor or pharmacist about getting vaccinated. [camera man] talk to your doctor or pharmacist is that if youre not wexpecting the shock,t and the markets fall dramatically, you might panic. And in the midst of that panic, you might sell and run to cash. At the very moment, you shouldnt. At the very moment, prices are at their low. Thats my fear. Im not worried about the country. Im not worried about the financial markets, because in the long run, i know theyll be fine. Im worried about you. Im worried about how you will personally respond to this crisis. And even if you dont panic, you may. Will you consider a National Mandate that people need to wear masks . No. I want people to have a certain freedom. I dont believe in that. Everybody was saying dont wear a mask. All of sudden everybody has got to wear a mask. As you know masks cause problem. With that said i believe in masks. I think masks are good. Charles President Trump, a believer in masks . To combat the coronavirus but still stopping short of supporting a National Mask mandate. I want to bring in trump 2020 communication director iraq per rhine. Iraq per erin perrine. You hit it on the head, charles. Mask mandate, President Trump supports masks. What you said, someone in north dakota needs, farmer in south dakota, can you imagine if there is federal mandate, that means the farmer would have to wear a mask harvesting their crops, as opposed in california, in new york, like me in d. C. Youre wearing a mask in public, youre unable to socially distance. Federal mandate, one size fits all is not the right way to go. President trump is right. He wants to protect the freedom of americans. There is constitutionality question that comes into play when we talk about a federal mandate on masks. Charles you know, also, we know it has been politicized yet, over 40 states had resurgence in coronavirus cases. Ive seen plenty of pictures of folks in new york, california, other places, packed, packed, somewhere in the midwest, the chicago, police had to turn around. Theyre drinking in the streets. This is something, Human Behavior learning curve i think, more than anything else but it is unfortunate that it had to be politicized. I think that harmed it more than helped it. Well i mean, there is certainly a conversation to be had about Wearing Masks and about the appropriate situations for those and, cdc guidelines have evolved as we learned more about the coronavirus, about what masks can and cant do, their ability to slow the transmission. Initially masks were discouraged, and now they are encouraged by the cdc to slow the transmission. Charles yeah. The more we know about the virus, the better we are to handle it. That is why consideration we hear about wearing more masks open. President trump is supporter. Charles i wanted to do a segment on masks, in march, a few doctors told me why . Theyre not effective. To your point. Fox news sunday with Chris Wallace on joe bidens mental state. I want you and the audience to take a listen. You know why i want those . The country in the end they will not have a man who, whos shot, he is shot. He is mentally shot. Charles is this an area President Trump will press on . Are there pros and cons to talking aabout the mental capacity of joe biden . Well, President Trump certainly raises an excellent point when it comes to joe bidens mental acuity there. The question remains, can joe biden handle it. Chris wallace asked himself. Can joe biden handle a onehour freewheeling interview where his handlers cant stop it. He answered every question Chris Wallace asked. They were tough questions. Joe biden has been trying to run for president for 30 years. Do americans think he is sharper and smarter than he was 30 years ago. When joe biden released his Health Records recently. He didnt have the mental acuity test in there. There are conversations to be had about how sharp joe biden is or isnt to be president. Think it is three a. M. , the world is in crisis. Do you want someone like joe biden whose handlers have to cage him in to handle the phone or President Trump who is assertive not afraid to make the right calls for the nation. That is what americans need to consider. Charles whether it is President Trump or the general public i think he will have to answer those questions to your point. By the way Chris Wallace told bret baier today he commended President Trump to sit out there in the boiling heat and taking the questions. He took all the heat. The president who want to be president , joe biden probably eventually has to do the same. Erin, thank you very much. Great seeing you. Good to see you. Charles folks, here is news that pfizer secured a supply deal in the uk for potential vaccines this is one of Many Companies announcing progress in the race for a vaccine including vaccine being developed by cansano biologix. This is proved safe inducing immune response to recipients. Other latestage trials for moderna, biontech and enceo. Vaccine stocks are on fire. Maybe they know something wall street doesnt know. Dr. Siegel, maybe they have a sense one much these companies will come up with a vaccine sooner rather than later . I think is true, charles. Youve already said it. We have seen three companies have really great news over the past week. Astrazeneca is huge today. A study published in lancet. That is the Oxford University vaccine out of england, by the way our own operation warp speed is ready to produce 300 million doses if this emerges. This vaccine, the oxford one is face three trials around the world, studying 30,000 people. The early trials show robust immunity of two different types, antibodies and tcells. Both zeroing in on the virus. Same thing with the pfizerbiontech vaccine and very problem missing and moderna vaccine. All are going into the latestage trials already, and this is promising news and i dont think it is overhyped. Tcells, 14 days, antibodies, 28 days. Positive news. I want to switch spheres a little bit going back to school. Scientists in a nordic study found that opening schools did not increase the spread of the virus. In fact there was no difference in case numbers in sweden where schools are open, in finland where schools are closed. Studies out of france and south korea that showed similar results. Does this make you more optimistic about the notion we should reopen our schools and in a safe manner also knowing that there is more and more evidence it does not increase risk for adults, teachers or parents . Absolutely, charles. That south korea study you mentioned, just came out that shows the spread will occur in households anyway. That is the same that is true with the sweden and finland study. Remember in finland the schools were closed and they were home and they spread just as much virus at home, if not more than in sweden where the schools were open. That is what we have to look at here. So lets start from the part that if youre under 10 years old, the chances of you spreading this is low. Even over 10 in teenagers, fairly low. Lets, try to open the schools, take precautions, lets use the schools as a way to teach physical distancing. How about putting Public Health number one on the list and mathematics number two . I really need that training in mathematics, charles, but i really like the idea of Public Health being at the top of the list. Lets use schools to teach our children and take care of special needs and take care of Mental Health issues and nutrition. Charles i love that, love those ideas, dr. Siegel. Hey, we got to run. Thank you very much. It has been too long since weve seen you. Great information today. Thanks, doc. Est new investment on wall street and it is attracting the biggest names in the business but what is a spac, and how do you make money with it . The next burger may be made by a robot. Into the restaurants, robots are taking off. Guess what, so are the investment opportunities. Were cooking up some good ones. Well tell you about them in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Theres an art to listening. Its the ability to hear more than whats being said. To understand the meaning in every pause. And to be able to offer the answers that make someone feel truly heard. I understand, lets get started. Thats what you get when you talk to a Dell Technologies advisor. Thats what you get about medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United HealthcareInsurance Company might be the right choice for you. A free decision guide is a great place to start. 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A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Charles folks, 2020 is a great year for special purpose companies. They help payroll private entity into Public Offerings like draftkings and fisker. So much so that titans like bill ackman are getting in the mix. Why are they so hot and i want to bring in spac founder. You were investment banker involved in billions of dollars of these deals. Youre laser focused on spaks. Explain what they are and why theyre so hot . So youre right. They are a, way to go public. Theyre alternative ipo product but you know, the reason theyre so hot right now is due to a bunch of different reasons. But in particular, you know, with covid the markets were extremely volatile. You know, back in early to spring. But, further than that, the ipo process. The traditional ipo process inherently much more risky and uncertain. So whereas if you do traditional ipo you dont know how much you can raise or even if youre able to raise any money at all, since we reworked that deal, that ipo never happened. With a spac there is much more certainty. You already know you will be public and for the most part you already know the price because that price is sort of prenegotiated between the company and the spac. So you know, you combine that with the fact that also during covid a lot of the private market funding dried up. So you had a lot of these mature unicorns, a lot of, you know, portfolio private Equity Companies and even familyowned private companies that need an equity infusion. In the past whereas they were able to tap the private markets, simply werent there. So theyre looking at public, traditional ipo window is shut. Take all those factors, and specific recipe for spacs to take off. Charles so now we, bill ackman is getting involved. He is raising four billion dollars. The deal was done recently at 11 billion. Major money pouring into this area. Household names, people have heard of virgin galactic. People know draftkings. People, feels like every day i would call it legitimacy for lack of a better word. How much growth do you anticipate in this area . A lot of investors are looking for the spac deal. Every day they want to buy the next hot spac. That is part of it. The quality has been tremendous and certainly makes it a lot easier for a company to go public with a spac when you have a big name attached like Barry Sternlicht or bill ackman. What im hearing from all the bankers and lawyers im talking to the pace is not going to stop. If anything it may actually continue to grow. So you know, were looking at by the end of this year, north of 100 spac ipos to have priced. Charles wow. Wow. Yeah. Christie, congratulations. You really started focusing on the space at the right time. We appreciate you helping our audience out. Thank you. Great to be here. Charles folks it wasnt north korea or the russians. In fact a new report that says the massive twitter hack just several young people. In fact one of whom still lives with his mom. Well talk about that. Plus you have probably seen flip it, the robot cook gaining popularity in kitschens. You say, i wish i could own the company. Guess what, there are opportunities you might flip for. Well explain when we come back come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. They will, but with accident forgiveness allstate wont raise your rates just because of an accident. Cut is that good . No you were talking about allstate and. I just. When i. Accident forgiveness from allstate. Click or call for a quote today. Charles well, folks, turns out the masterminds behind that massive twitter hack werent spies from russia or north korea. Not even the sophisticated hacker group. Instead the New York Times reporting just a group of young people one of whom still lives with their mom at home. It started with a online messaging platform, discord. Want to bring in susan li who has more. A fascinating story. Its a fascinating movie plot. Goes back to one ringleader kirk, and two hackers were played middleman. One is 19 lives with his mom and one on the west coast. One buyer, in this case a 21yearold hacker who lives in spain. How the story goes, kirk, the infiltrator, gained access to, by flashing pictures to the young hackers who played middleman. He was selling a short form accounts which are prestigious. If youre one number, one letter, youre one of the original early adopters. You are one of the first to use the platform. People pay a lot of money to get access to the short form accounts. If you go back to some of these stories looks like kirk was, i guess communicating with these other young hackers, middlemen on discord and selling to another one on the same platform as well. He was the one trading in and out of these bitcoin accounts where most of this bitcoin scam money actually went into. In the end, dont you find it interesting, as you said, it wasnt a sophisticated hack . Though we have twitter saying 130 accounts were hacked. 45 had password changed and access. The others were not fame must ones, like kanye west or elon musk. They had some much their personal information downloaded including some personal messages. Charles. Charles 19yearold kid, i dont know, should he put it on his resume . Seems like he could get a job at some firm like palo alto networks. Someone would hire a kid right away. What does it say about cyber security, one person, probably very young, two of the middlemen still teenagers can gain access to twitters internal systems . Charles says we have a long way to go. Susan li. Thank you very much. Thank you. Charles restaurants across the country starting to reopen but safety of course remains the number one concern for managers and the customers but white castle they think they found the fix in the form of a robot. Lauren simonetti joins us with details. Lauren . Lauren they are not the only ones. But are they taking over . You remember flippy, 30,000dollar machine used by white castle and other burger joints. Most important, flippy does not get sick. But he is gem free. Have you met sally . She is 35,000dollar salad making machines used by hospitals and Grocery Stores to resurrect the salad bar. Robotics said the demand quadrupled. That raises an ageold question, will robots replace workers . Based on the growth weve seen. The desire for safe food, i think robotics will continue to grow. Were seeing again, tremendous uptick in demand. I dont expect that to slow down reporter Brookings Institution finds 36 million jobs at highrisk of automation in the u. S. With the largest concentration being in food services. 73 of all jobs could be lost to robots. But wilmer disagrees with that. He doesnt think robots replaces humans but frees them up to do other things. Regardless, robotics may be a good investing opportunity. Many creators are startups. How do you get in as regular investor . Well miso robotics, who invented flippy, they crowd fund. Look at this. 1800 people raised 3. 8 million for the company so far. While the sector might be hot, it comes with lots of challenges. Particularly competition especially with covid and capital. Robots are hardware. That is an expensive industry to be in. Then again if youre powered by a. I. Right now the future is here. Its here. You need to be creative and have work arounds for ways that we can deal with being clean and sanitary. Charles you know thats what covid19 has been all about, bringing the future faster, towards faster than normally would happen like zoom, and in this case the robots. I wouldnt put the College Money in there, someone look forge a speculative investment i would dig into the miso thing. I think it is very intriguing. Lauren, thank you very much. Lauren thanks, charles. Charles well stay on this notion that i have that this week is a makeorbreak week for this market. So, knowing that, knowing weve got earnings ahead, what names should you be in before they actually report their earnings . Well be right back with some of those answers. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. This moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you new clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Charles stocks are green as we move into high gear for earnings season. Ibm the biggest name that reports today. This list will get longer with a lot more influential names as the week goes on. My next guest says that soso earnings have underscored just how overvalued and perhaps overly optimistic the public is about the economy rebounding quickly. Joining me on the phone, Gibbs Wealth Management president erin gibbs. So weve got 48 stocks that have reported so far. Its been about as expected. Obviously its the worst quarter since going back a few years for sure. Revenues and earnings both beat 77 of them beat the street. 23 missed. But the carnage is pretty obvious. You think maybe you look at that, you look at valuations, its not so good for this rally right now. Yeah. Im concerned because when we are looking at valuations that are at more than 20 years high, we are talking 25 times forward earnings, you really want to be sure that those earnings are going to rebound and that come 2021, were just going to be knocking it out of the ballpark and completely recovering. Unfortunately, while we were pretty stable about 2020 and its very dismal and everybody is sort of meeting these dismal expectations, we are starting to see some wavering about earnings in the first and Second Quarter of 2021 and so for me, if you are starting to see downward revisions in these quarters, yet were at nosebleed valuations, m a little concerned. I think as we move forward, we get a clearer idea about when the economies can really reopen. Charles there are a couple that you like that you think could be perhaps buys as we head into earnings here. I know you are a stickler for cash, strong Balance Sheets and there are a couple names that fit that description now, right . Yeah. So i call these, you know, my safety stocks, my lifeboat stocks. Even if theres a huge storm, these guys are going to hold up and one of my favorites is microsoft. Not only are they doing the standard Enterprise Office that we are all familiar with but they have come up with great cloud solutions, meeting solutions. They have a more secure video chat solution versus zoom. Then my other favorite is charles i know we got to leave it there. Microsoft, home depot, folks, microsoft got a few upgrades today. Erin, thank you very much. Always tougher to do it over the phone. Liz, i think this is a makeorbreak week for the market, particularly whats happening in washington, d. C. Liz yeah. Oh, yes, but again, next week may really be the break part if we dont see, charles, what is expected to be at least some type of relief for everybody who is still waiting on finding their jobs once again. Thanks, charles. Look, lets start with some good news here. Vaccine makers are playing both offense and defense, working to leave everything on the field as we head into the final hour of trade. Positive developments in multiple vaccine trials have the nasdaq sizzling toward another record close. This as congress