Transcripts For FBC Making Money With Charles Payne 20240712

Economy annual portfolio . Putting sensors and software on their machinery, right . We have a National Mandate and so the Management Team has to wear a mask, not as a burden adapted to the new 21st century but as a patriotic duty to protect one another. Ecommerce and industrialization Charles Joe Biden in his and so you know what i like is acceptance speech to once again call for a National Mask mandate other Tech Companies that arent making really big moves but im going to get reaction from still have a lot of catalysts in republican congressman andy front of them so you can look at biggs, all that and so much more , on making money. Actually up on the day a content Delivery Network because we know with nvidias earnings yesterday, we saw that data centers are crucial to our life. They sold more Data Center Chips so the market is showing signs in that segment than they did in of rally fatigue this week as the gaming and they are a gaming fewer names participate on chip company so that tells you everything you need to know the upside, but those that have are putting in olympiclike about the digitization of our lifestyles. Charles right. Performances and you know the i love how you connected those names but now if youve been watching this show for a while dots. Courtney, id like your optimism you probably own a few of them by the way as well in reaching shows and you were already kind of looking beyond technology. As well despite the constant what do you like here . Experts about how extended they what else is out there with are and how they are due for a potential opportunity to the up pullback. Its true stocks go up and down and even these amazing names side . Yeah, i mean, i think at will have pullbacks and when some point you really got to they do the same folks will, Look Beyond Technology as it well they will be completely gets more and more expensive and wrong anyway, and still have the weve been talking in the last several weeks about looking more nerve to pass themselves on at value rather than your growth the back. Take for instance the hated companies. If you just look at it tesla. They hated the stock at 200, so historically your value tends to outperform growth by about 4. 5 at 2,000 its going to pullback. Save the round of applause folks a year and were coming off a decade where growth is for american ingenuity. Think about these winners. Significantly outperformed so were due for a rotation there. We are really starting to see apple, microsoft, amazon, that valuation line up and alphabet, facebook, netflix, just kind of more granular in there were really looking at tesla, these are all uniquely american Success Stories and in your small Value Companies fact many started by immigrants rather than large so youre or their children. Really starting to see small caps are picking up earnings i do not believe they could have faster than large caps are and been started or flourished anywhere else in the world. Those valuation discrepancies this has always been by the way are getting so wide theres so much opportunity still in your been the case and this brings me small cap values and thats where im looking at right now. To the stock of the day, deere Charles Kevin thinking about posted Financial Results that blew away wall street consensus by the way what you just said with deere and how theyve adapted and we founded in 1837 by john deere, a get a lot of new traders who blacksmith, heard concerns from watch this show think oh, 150 yearold company and boring but theres a reason you stay local naturallers from and they public for 150 years. I want to talk about maybe some arent able to shift through other old school names that you that thicker soil so he came up may be looking at or spying. With a revolutionary plow and as they say the rest is history. Yeah, well all you need to do is open up the wall street this morning, deere posted journal every day and youll see results revenue 8. 9 billion the these old bellweathers like street was looking for even honeywell which is now 6. 7 billion, earnings 2. 57 getting into quantum computing the street was looking for 1. 26 and honeywell is the big operating margins improved in Aerospace Company but they understand weve got to digital equipment and turf. I love when these companies ize everything that we do deliver but also appreciate that in every single supply chain, so companies that have been around theyve done very well in that for more than 100 years, that regard and thats why youve have seen the ups and downs, can seen honeywell share price come through as investors, well outperform ge, you know, every it gives us confidence single year, for the last 15 because we know that current years, because theyve been part management as long as theyre sticking to the founding ethos of this , right . But youd would in think of them as a tech company but theyre and those who took the initial risk to start investing in quantum computing. Those businesses can do well. Today its an old industry name charles scott, one area, i pacing the Dow Jones Industrial know you like cat, and deere and average Higher Technology stocks for the most part is taking a travel, all intriguing. Breather joining me now is you also like financials. I mean the financials are just s Wealth Management cio fox business contributor scott tinking the joint up. Martin, and benchmark investment what the heck is going on and when do they turn around . Managing partner kevin kelly and look thats something viewer s tell me over email. Senior wets management of payne theyve been okay. I mean, dont get me wrong, but Capital Group i am not affiliated with, scott i want to start with you so what do you hey, charles and everyone like some of our great lets say one make of the fact there are more of our great musical philosopher winners thangains, charles and d s i guess if you can call them that dont call it a comeback. Ive been here for years as far as jpmorgan and some of these others you mentioned with deere and cat charles so these are tried and True Companies along that same theme, trending at really good valuations versus the market. We own jpmorgan, we own citi, theyve set aside money for loan loss provisions, well capitalized the markets get better so thats why we own them and tip use to pick them up on down days. Charles all right, and well see them at some point, one of these Earnings Seasons they are going to do well but for now its foot locker that has a great Earnings Report among others. You know what caught my eye though it wasnt necessarily the earnings but management reinstating dividends. You know, there have been several names that have brought back diver dappeds and i personally think its a great sign of confidence, scott. Weve got someone on the screen here one by the way another one i like is estee lauder, they reported a couple days ago, the stock got hammered two upgrades today, do you look at anything like that when youre making your decisions . Yeah, i mean, dividends are a gold mine to use because we do like gold still too, just given, charles the fact that the tenure , theres no yield really to be found anywhere. Even if you look at high yield bonds as far as that space these days theres not much to be found there, given the risk that are kind of out there even though the feds in that game now too so if youre looking at dividends on coca cola and some of these other companies as well , those are pretty attractive longer term when you consider in our opinion, they arent going anywhere for many years with Powell Company involved and therefore dividends on the s p 500 with a total return capability look pretty good. Charles and kevin what i also like is when management says were going to do a dividend they have to pay this money out unlike a buyback which we may or may not be ale to pull it off to me is the ultimate sign of confidence. Any of these dividend ideas particularly maybe companies that brought it back that are on your screen . Yeah, so we actually do look at some of these companies that pay out significant dividends and they have to, because theyre classified as Real Estate Investment trust but theyre at the frontlines of the digitization that we talked about and thats like a crown capital. If you think about it, a Tower Company that at t and verizon, sprint, tmobile and dish have to put new 5g antennas on this company yields over 3 and their management wants to increase youre dividend every year Going Forward 810 so if you use your cell phone, pay yourself by buying Companies Like that. Charles yeah, cci i think is a monster particularly as we really do rollout 5g. Speaking of rolling things out, i think theres good news on america reopening were going to give it another shot as a nation , right . I just read this morning Indoor Dining in philadelphia soon, High School Sports back in new jersey, covid19 cases are coming down, and theres serious vaccine hopes. Courtney, how does this inform your portfolio . Lets just say, you know, we come back, were a little bit smarter and we party a little less, we social distance, we get a vaccine approved in november. What changes the way you make, are you making ahead of Something Like that . Yeah, i think it really comes down to just staying invested and i think just kind of the echo all of these thoughts weve had today. There is still a lot of value to be had in the market. Theres certain things that are getting very expense ever but theres so much cash on the sidelines and i would just really urge everyone dont wait for some sort of drop to happen. Theres a lot of optimism were seeing things open and vaccine or not things are getting back to normal and theres still places in the economy that havent hit their highs and theres still great buying opportunities. Charles and you also say that vaccine or not were going to learn how to reopen better and that means its going to be better for the economy either way. I think were already kind of seeing that i dont know if youve noticed that but daytoday things are starting to feel a little bit more back to normal. Definitely not there but well get there. Hopefully, vaccines. Charles absolutely, courtney, kevin, scott, didnt get a chance to talk to you about gold but you mentioned youre still along people wanted to know that too. Hes buying it, brother. Charles he is. All right ive got plenty. Charles thanks very much have a great weekend meanwhile the post office is the center for a political firestorm, now its top official is fighting back against claims that he is trying to rig the election for trump. Ive got details at 2 25 and fresh housing data out this morning, crushing wall street estimates. Its just more evidence america is better, positioned right now than we were during the Great Recession, but can we still see a kshaped recovery . Whether the same tide will lift allamerican votes well be right back. I have an idea for a trade. Oh yeah, you going to place it . Not until im sure. 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. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. i need it so bad dont call it a hobby. Its way more than just a job. This is how we live every single day. Can we go and play . roaring of engines i needed to try needed to fall i needed your love im burning away i need never get old 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. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. 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Lauren hey charles good to see you so yes sales of previouslyowned homes the largest part of the Housing Market they are selling at the fastest rate, since december of 2006 and if you look at the annual increase for 8. 7 above last years pace, folks are taking advantage of low rates and the desire for space. I love this quote by the chief economist of the National Association of realtors. He describes the Housing Market as this is a quote, past the recovery phase and now in the booming stage so homes are selling fast, inventory is 21 less than this time last year, and guess what prices are rising to a record 304, 100, so Housing Market is booming housing stocks going up in a big way today what about the rest of the economy . The rest of the market . We did get current reads on business activity. It shows that manufactures growth is spilling over to the services providers. That does suggest a broadening of the recovery. The overall reading in this ihs market pmi was at an 18month high charles so this is good news that should support the rally that we saw this week. Charles and certainly very optimistic news thank you very much lauren appreciate it. Joining me now to discuss this university of maryland economist peter maurici. Peter the Housing Market was already shaping up to be very good. I felt it was being driven by millennials who by the way First Time Buyers is still strong but now investors are in this , the flight from major city, lumber prices at near alltime highs, the economics echosystem around housing alone is a very powerful thing and its really working out isnt it . Well absolutely. The two things to watch in the economy right now that separate us from the Great Recession and the financial crisis so the stock market and the Housing Market. That translates into very strong Bernie Sanderses for households, to support the recovery for about 80 of households. Its the other 1015 that are left behind because their jobs have disappeared, Small Business closures things like that that we have to worry about, but 80 of the economies very strong, the s p covers 80 of the economy, thats why we have a stock market boom. In june i predicted on a financial website that we were going to have a summer rally if we got a stimulus package. Here it is. Charles well, youve been right many times not just this june but many junes. Let me just before we talk about that other 20 which i think is critical particularly in an election season, also the Great Recession kind of scared people right . So we brought down our debt, our debt to Household Debt to income levels to near record lows. I mean, we are sitting pretty strong. Do you think we need just one more stimulus package to sort of get us to boost our spending enough to make that bridge, to get that bridge to where were completely over the virus and back on track. We need a smart package. I would say like 350 a week be full income replacement for those 15 million, 20 million people, that are long term unemployed because of Small Business closures. I wouldnt give another nickel to the airlines simply because theyre going to have to lay off a lot of people, when whatever stimulus package is the last one happens because thats a permanently strong market. We should give money to state and local governments as long as they play ball. This business, for example, Governor Cuomo is not giving out the 300 a week because he says its too hard, heck, all hes got to do is take 600 cut it in half to three and keep issuing checks. Thats not that hard. He ought to come down to maryland and ill show him how math works. I went to the new York Public Schools like he did. Apparently he was sleeping in class. Charles [laughter] well, hes been too busy accepting accolades and writing books. The kshaped recovery for the folks out there, what this means is a k, so the up part of the 80 that peter talked about doing very well or on the cusp of doing very well and the other part of the letter though, represents americans who just arent getting back into it for many reasons and thats what this 2020 election may be all about right . Youll hear a lot about folks who are being left out and they need a lot of people and their jobs majority it not come back right away. How does that society look out for people who are not going to be able to participate initially as the same tide moves higher . This is the big difference between now and the Great Recession thats on the negative side. We have a lot of people because of the Small Business closures that arent going to have the skills they need to move into the emerging industries, the technologies and so forth, so we really need focus jobs training of the kind, for example, the department of labor , apprentice ship programs and so forth, and we need something else. In order for a lot of jobs to come back, that are still there to come back, that arent completely gone we need the cities to be straightened out. This last week i didnt hear joe biden talk about crime, i didnt hear him talk about people who are disenfranchised in middle america, i didnt hear him talk about china those are still important things for that 20 but at the same time, we have to talk about retraining for these people and thats what donald trump talks about a lot, especially his daughter. Charles absolutely. Right. Peter morici, thank you very much we appreciate it always a great discussion. Meanwhile, the postmaster general isnt convincing democrat lawmakers the post office will prioritize mailin ballots so what happens now . Congressman andy biggs is going to weigh in on that plus now its time for the republicans to give their sales pitch to the American Public. Fox nation host david webb shares what he thinks were going to see in next weeks Republican Convention. Well be right back. Introducing stocks by the slice from fidelity. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. Liberty mutual customizes your car insurance, so you only pay for what you need. I wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles postmaster general lewis dejoys trying to assure senators today that the post office will be able to handle mailin voting this november. This as six states and d. C. Sue the agency saying changes are making it impossible for a fair election. Blake burman is live at the white house. Reporter hi charles one of the virtual hearings that happened in washington up on capitol hill as the postmaster general testified before a senate committee. The portfolios general saying that the u. S. Post office in hes estimation will be at full capacity to handle a surge of mail in voting for the upcoming november election. Dejoy backed the concept of mail in voting and suggested that people vote early and said that the Postal Service will be reaching out to the electorate in the upcoming weeks watch here in september were going to send a letter to every american, with what our process is going out, to every american citizen, so i think we, i feel good, were very proud of what were doing and will deliver for the American People. Reporter dejoy did acknowledge there are some delay s due to some measures that he has taken, the concern is that these delays especially for prescription drugs that come through the mail are still in effect and that those need to be reversed. As for the president , he did continue to say today, charles, that he fears that because of this surge of mailin voting that is expected that the results of the president ial election could be delayed many many weeks as for dejoy, he will be testifying once again on monday this time to the house. Charles . Charles blake, thank you very much. Joining me now on this , Arizona Republican congressman and House Judiciary Committee member, andy biggs. Congressman bigs thank you very much. What do you make of this . You know, we look at the u. S. Postal service. They shed over 200,000 jobs in the last two decades every year they get rid of thousands and thousands of those metal mailbox collection locations because they are used so in frequently these days now its the number one political topic in the country. Yeah, and you hit it right on there its a political topic right now, so thats why were going back into vote tomorrow is because Speaker Pelosi wants to give 26 billion not related to the election, not related to covid but simply give 26 billion to these folks, and this is an agency, by the way, thats sitting on 13 billion in cash and President Trump signed into law an additional line of credit for 10 billion so this is really political theatre right now, and its consistent with everything youll see between now and the election charles i feel like the democrats are setting themselves up for an array of excuses if they lose in november so russia is already back on the docket of course and now the mailin votes right . Its sort of hey if we lost we told you we were going to lose because people were disin franchised. Yeah, i agree with you so you are hearing the russian scenario again. They arent talking about potential chinese interference which is actually probably happening right now, we think, so then you get to this mailin issue and on one hand you say what are they really trying to do . They want to get all these ballots out maybe theres a way for them to manipulate the election but dont forget if theres anything that slows this down into january, you actually, by constitution, Speaker Pelosi has a chance to be an interim president until the actual Electoral College decides who the president is, so its really kind of a bizarre scenario. Charles weve got to brush up on our civics. Okay, after the speaker of the house, theres the senate pro te m, and somewhere down the line your name will popup so well see how long this may last. Speaking of the post office and maybe the irony with the postal thing though is it might get you guys back to the table on stimulus. Think about it. We saw the jobless initial jobless claims spike yesterday, the biggest one we jumped since march. You know, i believe congress is blowing it. I think all of this great stuff were seeing is for three reasons. The momentum that we had coming into the year, the ingenuity and spirit and resolve of the American Public and all the help, Federal Reserve and federal government helped timely help that built this bridge that has been phenomenon, but i dont know that its complete yet. Where are we on this . Well, i dont want to be a downer for you, charles but i think that Speaker Pelosi said just yesterday that she doesnt even want to sit back down at the negotiating table because it would play into the republicans hands politically, and this gets back to what we were talking about. All things now are political until after the election, unfortunately, and thats really the sad news for america right now. Charles right. Well, speaking of politic, joe biden again calling for universal mask mandate. He wants all state governors to impose them and he bashed President Trump for not making the same mandate. Youve been pretty vocal about this. You know by the way before you answer this , and because this is not a red state blue state thing. The New York Times looked at several neighborhoods in new york to see who was wearing a mask and who wasnt and brownsville, brooklyn only 54 of men and far rockaway 55 of men, harlem 56 and rockaway beats only 16 of men were Wearing Masks so this isnt some red state blue state thing. Should a president have this much power, theyre mandating folks in north dakota wear a mask . No, i dont see any Constitutional Authority for that, number one and number two, i think governors are trying to do their best and theyre making their pitches to the people and thats where it really needs to be determined. Individuals should be a able to make that determination and thats where i am. I think most people want liberty and these things, these mask mandates are inconsistent anyway you explain to me why i have to sit with the same mask on for five hours on a plane going across country, where a medical professional is going to where possible change their mask out every 3045 minutes because they know whats going on on the inside part of that mask, and the airlines got about the cleanest air you can have. So its just been inconsistent. Not sciencebased. Charles i always appreciate your timing and your thoughts. They are your thoughts we appreciate them, and thank you very much, good luck tomorrow with the vote. Thanks charles. Charles for three years america was on an economic trajectory that many thought could actually never happen again, and then came covid19 so what will President Trump need to say at the Republican Convention to convince the American People to give him four more years . Im going to ask fox nation host , david webb, next. calm inspirational music i cant stop worrying. Why cant i sleep at night . How do i deal with all this stress . When did the world get so scary . Hello, this is michael youssef, there can be no doubt that our world is filled with troubles right now. And yet, there is one person who said, i can give you peace that can never be shaken even in the worst of your circumstances. Jesus is the way the truth and the only giver of eternal life and he is inviting you to come and surrender to him. And he will give you unbelievable peace, a peace that seems too good to be true, but its true. 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Build for whats ahead℠ charles this election President Trump has to convince the American Public that is handling of covid19 saved lives and that he is the man to get us through the crisis to the virus crisis and bring back the economic momentum and prosperity that we were, and now theres no doubt america was on a role with strong job creation, that resulted in blue collar wages, out pacing overall wages, and inflation for the first time in a decade. We saw spikes in entrepreneurship and innovation was reassure wake ened with the spike in approvals there was also the housing boom which continues to go even with the virus, existing home sales this morning, hitting an alltime high, those prices rather even adjusted by the way for inflation. It was a great three years but are americans going to let trump pick up one more time . I want to bring in host of reality show on fox nation david webb. David . President trump can show a chart of just about any economic metric from the time he took office until february of this year, and then it all falls off a cliff. Obviously listening to the speeches at the Democratic National convention the suggestion was that it was his policies that made this happen and not having to deal with this once in a century pandemic. Well look the democrats have to push their infomertial on the American People that its either all trumps fault and none of it can be caused by anything else or theyre going to fix it. Well theyre not going to fix it because you look at the policies theyre proposing the Green New Deal that would kill jobs about half a million jobs and they want to end fossil fuel, they want to go back to the obamaera of Environmental Activism through government and taxpayer dollars. The president has to stay the course and we americans, charles need to stay the course. We ran into that onceinalifetime as you just said pandemic and it took our country tough decisions that brought us to this point economically but you pointed out just the other day on twitter that the numbers are trending in the right direction with lower numbers of unemployment filings, people are coming back to the workforce, there are transitions still millions of people out of work, too many people out of work, so we need to stay the course because changing course of the democrat left has never proven successful in this country, and when you look at economic recoveries, Real Recovery is fundamentals, not just the markets, but main street, and on main street, they are there, the transitions and job skills are there. We need to get america reopened. Charles right. I understand what youre saying but listen this is really a salesman job right . Youre selling the American Public after Vice President biden and now the democratic nominee spoke yesterday, i toggled around to different tv channels and i thought that someone just had given the gett ysburgh address. The accolades were pretty strong from just about every media outlet and certainly they thought more of the speech than i did. It wasnt a bad speech but President Trump has to sell this to the American Public. Real quick is there certain areas he really should be focused on in your mind . Yeah, theres quite a few areas i asked the Vice President about that earlier today on my radio show and he talked about it the president is going out to talk about america moving for wad on the economy dealing with the pandemic effectively. The fact that well have resources and possibly a vaccine by the end of the year, but the economic recovery is the cure that cant be worse than the disease and for four nights youll hear from the president and the republican s and they need to push that message even more to stay the course, get back on track with the economy, continue to do the things that brought wages up, that brought activity numbers up, and so much more. Charles what about the 30 seconds, david, does trump have to prove hes like a nice guy . I mean essentially the democrats are saying vote for joe biden, hes a nice guy, and trump isnt yeah and by the way about joe biden in these 30 seconds when you contrast the stumbling weve heard for months now out of the basement, it was easily for him to portray a better picture the other night but it doesnt change the policies. The president has to go out and empathize id suggest that you demonstrate more of that empathy to the American People and then deliver on the policy prescriptions. One of his biggest weapons ben carson and the opportunities own project go out and show people what your administration does. Charles right. David webb always appreciated congratulations on the interview i heard it went very well. By the way, are you a millennial , a genz, or just someone who wants to learn how to get rich . Well we want to show you how to doityourself. This september 2 at 2 00 p. M. , im hosting a town hall, america invests together. Bar stools sports founder and many others are going to answer your question, folks about how you can take control of your own wealth and investment. Controlling your financial length so message fox business on facebook or instagram or email us at investmentinyou foxbusiness. Com. Send those videos we cant wait to answer your questions well answer as many as possible. Meanwhile speaking of answering questions, elon musk he answered a lot of critics and hes proven that winning is the best payback for everyone in the financial meeting, that means you. Plus, can free show lure more people back into the theaters . Find out why its just one of my winners of the week weve got some good ones for you ill explain when we come back. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. But what if you could stdo better than that . K. 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. Charles breaking right now, aunt becky is going to prison a judge accepting full house actress Lori Loughlins plea deal for her role in the College Admission bribery scream that federal investigators named operation varsity it blue so in exchange of pleading guilty to be count of conspire as to commit wire and mail fraud sentenced to two months in jail 150,000 fine and 100 hours of Community Service with two years of supervised release. Our sentencing comes hours after her husband was sentenced to five months in prison and a 250,000 fee under his plea agreement. Well, this week, some big company milestones, we saw apple topping 2 trillion, but i got to tell you something folks, tesla hitting 2,000 a share is a much bigger story for so many reasons. The automakers market cap has reached stratosphere levels, owner only is the only is the founder of the company and is the fourth richest man in the world and im laughing at this because for years even today the Financial Media scoffe d at this man because of his eccentric ways so hes laughing all the way to the bank and thats why hes one of the big winners of the week and ill bring in District Media president beverly halberg. Beverly, the tweets, the eccentric nature that he is, hes getting the last laugh big time. Yeah, and beyond his own personal wealth people said this is overpriced and tesla stacks stocks are going to plunge he continues to defy the odds but what im not sure about is something hes doing in the innovation round he did tweet out hes going to allow the cars outside speakers to be able to play jazz and elevator music, i dont know about you i dont need to necessarily listen to what drivers rismiller learning to i think we can keep that in the car so i dont agree his ideas but iting outside of the box worked well for him. Charles then hell offer you the sound proofing package. My other winner for the week, al amo draft house, all the movie theaters are trying to get back not business, and alamo is reopening today and its got people interested and they are showing free screenings by the way of bill and ted, the sequal in fact, face the music. Its not so much the movie beverly just the idea that these are the businesses that are on the edge, right . They must come back, and they need to come back sooner rather than later. I will go see james bond. I will go see the next mission impossible, my wife will make me quarantine for the two weeks afterwards, but im going to go see them at a movie theatre. So its worth it to you for the quarantine. But no, i agree with you this is an industry thats been very hard hit. The alamo draft house has also said, this might sound fascinating this could be something you and your wife could look into they will allow a family to rent out the entire theatre for 150, so maybe you can find a way to use your money to get a private screening of the movie with your wife and then maybe she will go and you wont have to quarantine. Charles do you know what you just gave me a great idea. One more quick winner for you, the elephant stru, these Little Creatures with long noses, right little mice. They havent been seen for 50 years they just spotted at least one in africa. I just love these extinct stories when they do find the animals particularly one that cute. Not as cute as your dog beverly but cute. Im an animal lover so i love this its been 50 years since weve seen this animal and another winner in this , they got him out by luring him with Peanut Butter so i want to know what round of be nut butter they used too to get this out of its hiding. Charles he might get a spokesman gig out of this. Want to get to your picks because i no one of the winner you have is President Trump pardoning susan b. Anthony why was there so much pushback, haters hate everything . Yeah, haters are really hating and especially when you say the Dnc Convention making such a big push to promote Kamala Harris and rightly so with her historic vp pick, they had a night on women yet they didnt mention susan b. Anthony and this just goes back to what the femininist or not real femininists think that you can only be for women, and women can only think a certain way, susan b. Anthony thought outside the box and this is a big part because her one crime was actually registering to vote and trump removed 100 fine she got years ago. Wow we got 30 seconds but lets squeeze in your loser of the week. New york governor andrew cuomo, this after his appearance at the dnc and of course this new book that hes touting about how well he handled the coronavirus. Yeah, this is a reoccurring theme on our losers of the week, andrew cuomo, once again, is the loser. First of all why write a book about a crisis when the crisis isnt over and you know this very well. New york has a lot of other policy on the pandemic and that is business is leaving, people leaving i think he should be focusing on getting his city back to where it was versus trying to make a profit. Charles yeah, new york has the most deaths of any state and i would not brag at all. Id be thankful and move on. Beverly thank you very much always appreciated folks well be right back. 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To listen, is to hear more than whats being said. And offer the answers that make someone feel truly heard. I understand, lets get started call a Dell Technologies advisor today. Charles all right, markets on pace to round up another round of record closes for the second straight week, another record week of course the breaking news is in the tech world this morning, a lot of folks didnt know this President Trump the Administration Says that the u. S. Companies can use we chat in kind a now this is according to bloomberg. I think the news is important because as yet another example of this administration looking to protect u. S. Tech companies outside of this country. I want to bring in Disruptive Tech Research Founder lou and whether its the taxes or the levies in europe, or some of other things its so interesting because trump, he has this runin with tech but he protects them outside of this country and apples stock got a big boost after that news came out this morning. Yeah look i think what hes showing is he doesnt paint with a broad brush stroke hes carv ing out areas in tech. We chat for Companies Like starbucks and anyone having Retail Operations is a key amphitheater platform so were gone from the world of cash and cards to apps and phones so this is a big development. I think obviously, its a coo and win for the lobbyists too, i know tech has been pushing really hard to get exceptions made and i think in this case, it was a common sense solution, if the news reports are correct. Charles yeah. And it shows the ability to be malleable, which i think is really critical particularly when it comes to big tech which is a target for a lot of politicians these days. You know whats interesting we talk about tech all the time and while certainly, tech gets a lot of presses really just certain names we talk about all the time but there are niches coming on like gangbusters like folks who have never heard of it, its software as a service, according to forbes now there are two reasons why its coming on like this ,a the pandemic forcing businesses to speed up digital transitions so folks can work from home and do tv shows from home and b also subscription models that means generating recurring revenues. Now this morning granddaddy of them all salesforce. Com got an upgrade and this is an area i love. Its hard to find the right one. Sometimes all go up sometimes they pullback. Any names in the space you are specifically looking at . Yeah, look if salesforce is the granddaddy we got to look for the grandkids and Great Grandkids and we want to look at mid cap names. They are growing just as fast but at cheaper valuations so two names are cloud dara and mindcast both growing 25 yearoveryear subscription revenue, they are trading about 50 cheaper than salesforce on a price to sales ratio so were getting the growth, the attractiveness of the high margins in the saas business but not paying 180 billion market cap and because of that both companies are natural acquisition candidates so getting growth on the cheap and also the potential for a take over. Charles cldr and mime, right . Yes. Charles i want to ask you about the next big thing nobody is talking about because this is really great, lou. Youre ahead of the curve with two great ones i want the audience to hear about. Thanks i appreciate that. Were getting to a point in biotech related to tech where we have single treatments that kill a disease, not just treat the symptoms. Name here, prevention bio prvb is the ticker. They have an ongoing study that is going to delay the onset of type one diabetes charles were running out of time. Give me the name of the other one . Vuzi, augmented reality acquisition target for apple. Charles all right augmented reality making a comeback. Liz claman, the markets making a pretty good bounce here as well. Liz this is the kind of friday i like. [laughter] no drama, no histeria, but you know, you could argue theres a lot of energy and histeria to the upside. Markets are embracing a triple dose of good news on the u. S. Economic front. This final hour, it looks to propel the nasdac and the s p to score new record closes, both of them, so why is one of the top Economic Experts on the planet sending up the warning flare . Mohammed is here on a premature danger he now sees lurking in the weeds