Optimism. I profoundly accept this nomination for president of the United States. More highlights the complex reaction from trent 2020 National Press secretary. Also violent protest rocky wisconsin this week following the police shooting, American Cities are in chaos that there is hope later in the hour i will share with you some powerful messages from the arrest whose poised and formed all of us how to handle domestic strives and how to heal our nation faster. All of that and so much more on making money. Charles its interesting all morning has a latesummer feel but the upward bias is firmly intact as the nasdaq and s p continues the power to new highs on a daily basis and now its going to attempt to finish the session positive for 2020, one of the oldest actions on wall street is that new highs to get new highs, as this as investors get weakening from jay powell as Interest Rates are confirmed, that will not be a problem, in the meantime Economic Data continues to come in very strong even weekly data from the feds actually gaining strength, joining me now power panel zoom global president heather, team Wealth Management fox business contributor scott martin and ceo of Ci Financial Company rob luna. I want to start with you because it officially gives investors the wink week, go for it. Dont fight the fed, remember that this is a green light the big goahead for the stock market thats why the dow is having the best month since 1984, maybe new industries hitting alltime highs despite the coronavirus in the convention and hurricane, like the Federal Reserves basically says you know what we have two mandates, the dual mandate inflation and full employment, lets focus on getting people back to work, 14 and half million still receiving some form of unemployment assistance and lets let that inflation target, the 2 target lets let it be flexible, we will throat out the window for now and let the markets th see it out. Charles i dont think people realize the Federal Reserve has become the biggest most powerful social justice war out there. Their aim at the fed has never gone for big four, the looking at a plymouth 3 4 and avenue once, do they want to make sure black americans are getting jobs, hispanics are getting jobs, a lot of people say thats not their role but they think this is a new activist, scott, i think this is one of the reasons you have been loading up on gold. Yeah, the fed is alive and well, they are here every day and i think these days in the market action, thats why we love gold here, not just because it does not act like stocks or fixed income in your portfolio but its taken a life on the tone and then you supplement the feds work as you detailed with what is happened from the Treasury Department and i think you have a really good case for gold even Going Forward into the election especially at volatility takes up in the s p five which is likely to happen just as we get closer to november 3, gold has a lot of reasons to like it today but i think even more reasons to like it in the future. In the meantime you have said stay the course, stay the course but does the course change a little bit in the ideas that you are buying change a little bit . I think so weve been talking a long time, the trend is your friend, you have to stay in this market, theres no alternative for investors and we talked about rotation from time to time, i think you do, i think the big stocks that have led, it is getting a little bit tough when you start becoming trillion, 2 trillion companies to keep the pace up, i think investors from time to time have to rotate and i think lacks of catalyst, earning his outoftheway and theres not too much news coming out next week, you have to start looking at the charts, the pattern we rely on for a long time, Company Handled pattern, three stocks exhibiting that, the wind resorts, mgm resorts and southwest, take a look at those on the charts. Charles first of all i love the company formation, i think we need to do a special oneday just on top chart for foundations. You just help me duck tail into the next part of this conversation because the other big news item, approval of the 5dollar covid test you dont have to mail it in and you get results then and there and that is going to be huge for operating our economy before we get a vaccine and you can see the last couple of days it is driving the stocks, the casinos that rob talked about, airlines, cruise operators, even right now the restaurant stocks, which is a great symbol up 11 , cheesecake factory, Cracker Barrel up 5 , as a time for people to consider being in position for this economy to reopen. I certainly hope so, i think there is a tale of two markets because you named a lot of companies that havent been doing well but will do well like restaurants and retail as we reopen the economy but really lately this market has been driven by large cat tech and healthcare that comprises most of the s p 500, if you can wait for a little bit for some sort of pullback, that would be great and if that number happens in your already in the market this was a vshaped recovery and it looks like. My head especially as we reopen the economy and sign of a vaccine on the way. That is what market is waiting for. Charles the s p 11 sectors, the three that are down or your traditional safe haven, utility is the most, Real Estate Investment trust, real estate in the healthcare names, we are rotating and i know the stocks in addition to gold, the likely idea positioning yourself for us to be able to live with covid19, we can get a test at the door until we feel comfortable going to a restaurant and those kinds of things. I think that you have to and i think to heathers point that is showing up in some of the stock that you highlighted, for us we have been picking up on some of the things like garden restaurant, blue membrane, outback steakhouse, it is not fully recovered with the s p like some of the other s p cohorts have, even travel stocks like you talked about, if i dare i say Love Southwest Airlines or expedia, exp, those are areas that have trailed s p, they started to perk up on days and then pulled back with some of the virus numbers get worse, i agree with you, this is about living with the virus and better therapeutic and those areas because their undervalued are going to rip the day that we have that announcement of the vaccine. Charles to think the brinker of restaurant stocks and they have a bunch of casual restaurants, 11 in a single session, these stocks, what is so interesting, their trading like the growth names when they get hot, people gotta be careful, if youre too cute you might miss it. Lets talk about it, the conventions are all over and i dont think its a contest, the republicans put on an amazing show but its a final to the white house and i want to get your thoughts on how this market starts to impact or influence the election or the election influences the stock market. Ive heard you recently say before the fed announcement that you saw the markets were up because theyre predicting a republican win in november and so look income into hard to be beat, we all know that, thats because they have a record to run on, you heard that the rnc that the economy prior to the pandemic under President Trump we had the lowest levels of unemployment for all americans across the board, President Trump cut taxes, created jobs basically by cutting unnecessary regulation as well and when he pushed back in china were bringing back manufacturing jobs from abroad, i think this is a very positive sign for the stock market and that the rnc was always tempted. Charles i am less than a minute, is it time to make adjustments or what heather was talking about i was talking with Stuart Varney and my number one reason for believing that the market believes President Trump will be reelected is because the market keeps going up, i dont think itll go up if there was a sense that biden would win. I agree with that, with a little bit challenging here, historically august is a really bad month and like heather said, this is been a tremendously great august, september tends to be more volatile and as we get towards november that will really happen, do look at the market, the hardest place to be is in, its easier to take your profit and sit in cash and for that reason the market is going to continue to rally but you have to shift to some of those names with is a little more risk, the travel stocks and get out of those names that have taken the gains. Charles i think the second hardest place to be is city nonprofit, the hardest places of professional Money Managers who set out the whole thing and they wrote look really dumb right now and they better figure it out quick. Rob, scott, heather thank you very much. We call you the power panel. Thank you have a great weekend. We have a show for you, you gotta watch is hidden, the doityourself when it comes to your financial independence, your own wealth, september 2, 2 00 p. M. All hosted townhall america work together, theyre going to answer your questions and how you can take control of your own financial future. This is what its all about, message fox business on facebook or instagram and you can email us at investment in you at foxbusiness. Com, send a video question, we love answering those but send as many as possible, i want to help you get rich. A chilling and disturbing video showing senator rand paul and his wife are attacked by what he is calling in unhinged mob, urban chaos has reached a boiling point and it might decide the next president , speaking of which President Trump closing up the Republican National convention with his achievements in a warning that joe biden presidency of what it would bring, trump 2020 National Press secretary is with us, he will weigh in next. Joe bidens agenda is made in china. My agenda is made in the usa. [applause] who is usaa made for . Its made for this guy a veteran who honorably served and its made for her shes serving now we made it for all branches and all ranks whether they served one tour or made a career of it. We also made usaa for military spouses and their kids usaa is easy to work with and can save you money on auto, home and renters insurance. Become a member today. Get an insurance quote at usaa. Com quote usaa. What youre made of were made for gbut 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. They are angry at me because instead of putting them first, i very simply said america first, americans build their future, we dont tear down our past. On november 3 we will make america safer, we will make america stronger, we will make america prouder, and we will make america greater than ever before. Charles President Trump talking about americas greatness and everything that this country stands for as he officially accepts the Republican Party nomination and the president slamming joe biden in the Democrat Party warning that their policies would destroy the country, joining me now with on how the campaign is gearing up for the election, trump 2020 National Press secretary and first of all i have to say on production value, and the fireworks, the whole thing is seamless, it was slick throughout hollywood production, now the question is what is the next act. A couple of things, it is shocking that donald trump who knows a little bit about production, knows a little bit about performance to put on a show like that, considering he had the number one show for a decade and the other networks, i think he gets making sure the American People can hear his message that he can draw them in, he did a great job for the entire convention, capping off last night then , touting americas greatness and talking about a unifying uplifting patriotic message for the making people, clearly a tale of two different conventions, the democrats for four days told you that america is inherently evil, it is the cause of the worlds problems, that is a flatout lie, america is the greatest idea ever realized, we are a beacon of hope, strength, compassion, freedom, all over this planet, we talked about the greatness of america and we use real people who touted the opportunities that they received in this country that they could never get anywhere else and also touted the president s policies that improve their lives, it was a very good week for the Republican Party, a great week for the president of the United States and an outstanding week for the American People. Charles too that note, the democrats, the words were saying we want unity but it was pretty clear that there is a large segment of this population to have a certain disdain for an reticent point in this country, it sounded like a cliche and we need to find a unity and it cant happen in this environment or climate. We can find unity it will be through Donald Trumps leadership, the democrats are saying when they talk about an evil place, their eroding the commonality that we all share, one of the most Beautiful Moments we had this past week was when he had the naturalization ceremony with all those people scratching and clawing just to get to this country and they did it the right way and you can see the left head explode collectively and they dont like that narrative at all. It undercuts what they are saying, all those people want to come here to this country, if its so bad how many people die trying to get here. They know how great this country is. But they dont want to admit it and they cant fake it unless they say its bad. Charles immigration numbers have not swooned, there have been several first couple of years under President Trump, they were higher than the last couple of years under obama but thats not the narrative, i want to ask about President Trump but it felt to me he was taking a more deliberate conversational approach last night, rather than a more confrontational approach but many observers said it was lowenergy, any feedback on that . Is absolutely be niclas, the democrats and media dont like the way the president talks and they dont want him talking because they know any time he opens his mouth without the filter of the mainstream media, it resonates with the American People, if it wouldve been raucous, they would cities too loud, too boisterous, using the white house to have a rally, if he is serious, its too serious, he shouldve been more lighthearted, it does not matter what he does, if he is for it, there against it, if hes against it there for it. That is just the way they are. Charles the mask, listen, i believe the media is waiting for a few people who were at the event to say they have covid19 to pounce. You know that as well that the Campaign Falls into a trap or was it a deliberate message that superseded Something Like that. We follow the guidelines, we actually hired somebody was bill clintons doctor at the white house to oversee everything that we did with the screenings coming in providing masks, Hand Sanitizer at the white house but notice today, there is a rally going on, protest going on right now on the mall in washington, d. C. , im looking at the podium before i came on, no masks, all Standing Shoulder to shoulder protesting. The narrative is very clear in the sidebyside is so telling, if its for trump, then all the sudden its about masks, if there against trump, no one cares and by the way i dont why the president is spending trillions of dollars on project work speed is find a vaccine, saluting, writing and protesting, thats all the democrats have been saying that the virus does not exist if youre smashing someone storefront and stealing their merchandise. Charles we gotta leave it there but it was an amazing four days for sure, the way it looked, i love having regular americans come tell their story, i definitely think that was a great benefit for the white house. We will talk to you again real soon. Thank you. Thank you so much. Charles why microsoft and walmart are teaming up to buy tiktok makes sense but will it be enough for walmart to take down amazon, also when banks need a bailout, your tax money was handed over, they did not ask you, you still lost your jobs in your home but guess what the economy is struggling and banks are turning their backs on you. We will expand, well be right back. Charles breaking this moment, President Trump announcing he is giving Alice Johnson of full pardon, President Trump granted her clemency while serving a life sentence for her role in a nine under nonviolent drug ring conspiracy, she spoke at the republican convention. For something a lot of people would not be going to jail for and it was horrible and we found out about it and we gave a commutation, that means we were able to get alice out and she has been so outstanding and im so proud of you and we are giving alice of full pardon. I just told her, we did not discuss it, you were out there and we saw you in the audience last night and i asked the folks if you could bring alice over and if we can give a full pardon and will do it right now, that means you been fully pardon and that the ultimate thing that can happen, it means you can do whatever you want in life and keep doing the great job you are doing. Alice has done an incredible job since shes been out in recommending other people, we said how many people like you, theres only one alice as far as im concerned but how many people like you or your circumstance where they were given massive sentence and good people, great people and she said so many, they are in jail so many. She is looking for those people in recommending those people we birdie done some that you know are good people and theyve done really well since they have been out so we are taking alice from a commutation to a full pardon and we are going to sign it right now and were very proud of alice and the job be done, what you represent and pastor Robert Jeffress unrelated but he was here and we thought maybe ill sign this and maybe if you would like to say a prayer and maybe you could include the media because they need it probably more than we do, they definitely need it more than ours. Thats all i can tell you. Thank you. So alice, its a full pardon, its been signed and you might want to keep that one, here it is. [applause] pastor please. Lets pray together. Father, we thank you for the remarkable story of Alice Johnson, a strong believer in the Lord Jesus Christ whose life was filled with heartache and injustice and yet instead of becoming bitter she chose to trust in you and cried out to you for years asking for relief from the hurt that she was feeling. We thank you that you chose to answer her prayers to you through a great president named donald trump. A great leader who yes believes in law and order, he believes in justice but he also believes in mercy. In thank you for moving in his heart to do this great act today and father i pray that todays full pardon will result in our brandnew life for alice, continue to bless her and her family as they go throughout this nation and sharing the good news that you got with an internal pardon to all who trust in your son the Lord Jesus Christ. We thank you for the president , thank you for the example he set for all of us of what it means to be a forgiving person and we pray this in the name of the one who came and died and rose again that we might have eternal life, jesus christ our savior and in his name we pray amen. Thank you, thank you, mr. President for this example. Thank you very much i appreciate it. Alice thank you very much, congratulations its a real honor. Thank you everybody. [inaudible] charles Alice Johnson receiving a full pardon, a woman that we no has done a lot washington prison, she admitted to the wrongs that she did but it was over sentencing and that will be something that we will hear a lot about on the campaign trail as folks talk about justice and some people trying to make it happen. I want to switch gears, walmart teaming up with microsoft attempt to buy the u. S. Asset to the sharing up tiktok, some people scratching their heads but we know it could be a brilliant move for the retail giant, im going to bring and kristen of kb advisory. And heath. Everyone thought it was going to be about tech and here comes walmart and theyre pretty determined because they initially even tried to hook up with google, why does walmart want to be such a part of this . This makes perfect sense, why build it when you can acquire it. As we saw with walmarts earnings as they reported, their heads spending a ton of cash, they can either do one of two things, they can spend the man hours trying to build the technology to really capture that specific demographic, the shopping demographic so covenant or acquire tiktok and opportunity has arisen and they want to take advantage of this. They want to try and take away once and for all, i dont know its going to happen with the market share away from amazon and this is one way that they will try to do it. Charles that brings me too a big topic for the last couple of weeks, the brickandmortar survivors, this week alone, so Many Companies posted great numbers, great earnings and we saw were ecommerce played a big role including walmart, is this going to be enough for them, if they have to pay 30 billion, would it be worth it and enough for them to take down amazon . I think its absolutely worth it, when you look at the evaluation of instagram is evaluated at 200 billion, at 30 billion, that is trump change for walmart, they have money to burn and this is a fabulous acquisition for them. Charles curbside, making a big difference in omni channel, you are the first person that told me about omni channel five or six years ago, how important is it that every company have curbside pickup. I cannot take credit from omni channel, was from the chairman of macys, but youre right, i talk about omni channel a lot and its super important especially now because people do not feel that safe to go back into the stores yet, regardless of whether or not in new york which was the epicenter of the pandemic or your summer house in the United States and around the world, omni channel is here to stay and they want to acquire the goods from curbside and we came up with a study, i was just reading this that for consumer package goods, the stores that focused in on that, walmart, target, the stores that were focusing on that, they have record sales in june and thats not going to go away, as we see the Retail Sector going into december, what is going to end up shaking out and being the winner will be those focusing on consumer package goods. Charles is ironic you said macys was the first one, obviously they did not implement it too well, i want to apologize with to take breaking news, i was looking forward to the segment because kristen and i just bought 40000 shares, well talk about it next time we get together, we will see who is right, we will talk to you again real soon. Thinking of consumers, holding up really well, the nation has adjusted to one of the most horrific circumstances, imagine or not imagine who could have thought of this, americans got back some of the tax money and they poured that into government, they poured back into government and businesses found imaginative ways to navigate new regulations and hurdles but congress, they are out there playing with her fiddles and hoping the other party will get to plan and if that is not bad enough, the factors of the politicians, they are turning their backs on us. Social media has not gone apoplectic over news that capital one is lowering their credit limits for existing customers. This is the same capital one that got 3. 6 billion back in november 2008 when the entire industry was melting down, americas lost so much because the Banking System had so much hubris, it was our tax dollars showered on the industry when they needed it the most. Now americans needed the most and they are turning their backs on americans capital, they tried to pass the buck in the blame on congress but i gotta tell you something, this has already begun, the Banking System has already kicked the public to the curb in july, big banks may be getting credit a lot more difficult, approval first credit cards, consumer loans and 75 of them tighten existing credit card limits, i give businesses have to be cautious in this. But there is something wrong when our money bails out reckless banks and then they ignore our means. Next time i want to ask what is in your wallet, say nothing, my Credit Card Company kicked me to the curb. Meanwhile the elites flying or not playing in their favorite spot makes them my loser of the week and the so bestial salute to the wives and mothers whose poison showing us how to handle the domestic strikes, will we listen . Well be right back. Jean, did you know geico is now offering an extra 15 credit on car and motorcycle policies . Thats great thats 15 on top of what geico could already save you. So what are you waiting for . John stamos to knit you a scarf . All finished, jean. Enjoy thank you. I give. The stitch work is impeccable. Its just a double fleck pattern with a reverse garter stitch. No big deal. Is your hair this soft . Softer. Geico. Save an extra 15 when you switch by october 7th. Charles winners and losers for the week, this week is no contest, julia jackson, the widow of a retired Police Officer that was killed on looters with the death of george floyd, julia is a mother of jacob lake, the black man who was shot by police this weekend in wisconsin, i want you to listen to these women, their words and their poise, noble purpose that should be our northstar for healing this nation. Violence and destruction are not legitimate forms of protest. They do not safeguard black lives, they only destroy them. We cannot heal and the devastation and chaos. I notice a lot of damage. It does not reflect my feelings or my family. Please lets begin to pray for healing for our nation. Charles if we follow the lead i do believe we could heal faster as a nation, that is why my big winners for the week, joining me now District Media president , your thoughts . Was there a dry eye listening to either one of those womens such emotionally powerful speeches and they focus on something we have not heard a lot of, that is the need to heal america, i thought julia jackson, her talking about us all as humans and we need to come together as humans and fix what is wrong in our country and then you had and whose story had been ignored during the violence in the country and i learned a lot of things in her story that i did not know including the grandson of mr. Dorn who saw his grandfather killed while watching online life, just utterly tragic, we need to listen to these women and im glad certain politicians are waking up and calling out the violence that it should not have had to come to this but im thankful we have strong women who are focused on lets healing our country and make it better. Charles absolutely amen. Beverly, your winners this week the instagram. It is, millennials have long been known to not be interested in the healthy market but due to an Instagram Account called cheap old houses has over 1 Million Viewers and followers, you find the millennials are moving to smaller towns and buying up old houses that are under 100,000, they are fixing them up and finding new places and here is my hope, im thinking this is going to build more communities backup, may not be in cities like millennials are used to, theyre going back to the roots and their small cities and this is a positive thing. Charles real quick, the loser for me the worlds wealthiest folks, they are delaying their annual Virtual Conference out of fear of covid19. Think about this, cashiers at your local supermarket, workers in homeless shelters, ambulance drivers, they never take a day off during this pandemic and here you have it, those are my losers for the week but i dont like them for. But heres a political party. Its going back to the democrats who are finally speaking out against the violence that we seen across the country and its too late, they care more about pulling numbers and political advantages and i want to go back to the one we heard of and so many People Living in the cities, communities of color, Small Business owners that have lost their business and as we are talking about cities destroyed for over three months, this was ignored it was called peaceful when there was a small percentage of the population doing so much damage in the cities, im glad its being called out but a lot of double standards out there. Charles its gotta be called out and there has to be action taken, these politicians cannot have it both ways, stand up and do its right for everyone. Always enjoy these segments, we will see you again soon. Charles we have a great story, breaking news, joe biden is getting out of the basement, the democratic nominee will hit the campaign trail in person, he will go to key battleground states, maybe starting to throw some heat to President Trump, back to the urban chaos, it is at a tipping point, rand paul and his wife were attacked by what he is calling an unhedged mob, my Political Panel ways and next. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. The 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 clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Im a sustainability science researcher at amazon. Climate change is the fight of our generation. The biggest obstacle right now is that were running out of time. 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Now thats simple, easy, awesome. Say xfinity sports zone into your voice remote today. Charles im going to go to blake burman, he has breaking news as demo eulas talks. I spoke with the white house chief of staff mark meadows on the north lawn a little while ago he told me the new White House Position that has been communicated during discussion with nancy pelosi is 1. 3 trillion, why is that significant, the white house has been talking about a trillion dollar package, the heels act the Senate Republicans passed was 1. 1 trillion and now the white house is moving the marker up a couple of hundred billion dollars to 1. 3 trillion. Meadows says, when he spoke to pelosi, nancy pelosi, chief negotiator for the democrats that pelosi was talking about a 2. 2 trillion dollar package and meadows says one of the issues he takes of that is that pelosi would not necessarily reveal all the details in it, step back for second, lets look at the skill of all of this. There are some republicans who feel as if there needs to be no more spending, 3 trillion, no more. As weve been reporting for a couple of days it has been talked about the republican circle, a possible 500 billiondollar package, now the white house is saying 1. 3 trillion is something the president would sign while democrats are talking about a 2 trilliondollar range. You still have a wide range, the white house is seemingly coming up a little bit but also seemingly not enough at this moment from where democrats want to be at this point in time and it was interesting when i was talking to mark meadows, i asked him, dont you acknowledge that some republicans would not be behind it and he said yes, that is certainly the case but one of the reasons he is putting this out there, he says he wants to be transparent right now as to where everything stands in the process. A little bit of movement, a long ways to go. Charles a little bit of movement the big news because moving in the right direction, put me down for 1. 6 trillion and they should cut to the chase now. Thank you very much. Meanwhile kentucky senator rand paul kelli fox news he believes he wouldve been killed if it wasnt for police last night, he was attacked by a mob after he left the white house, this is also kenosha, wisconsin the fifth that a protest over the shooting of blake. David, i just think this excessive violence in the in your face things that are happening to people, being shouted that as they eat at restaurants, physically touched and manhandled, the things they said to iran pauls wife, we cannot begin to repeat them, i dont see how this helps the democrats at all. It does not in the democrats are afraid of it. In earlier in the day and black lives matter plaza, a white man and elderly white man was punched and knocked down, beaten by the crowd as he was walking to the plaza, there is video of that, this is about using a race issue to advance a leftist agenda. Heres what happened to the democrats now, kenosha, wisconsin is the middle of the country, the midwest, if you look at a city between chicago and milwaukee of 100,000 that is being destroyed, kenosha is dying because with outside of city and damage, how did they recover, joe biden and the democrats have to look at it and say how do we pull back, how does joe biden come out of his basement well too late, american now sees it is no longer the wings of the country. Charles kevin i know that democrats reject this notion but i want to share with you a headline i think yesterday, it says playing into trumps hands, the swing state damage from kenosha arrest, some wisconsin democrats worry that the image of violence and destruction will turn voters against the party, kevin, we heard President Trump in the suburbs several times in his acceptance speech, i dont think its any secret that people are worried about bigcity violence. I think they are, i think theyre still very concerned about covid19 in this country especially in the suburbs and urban communities. I think your point, Kellyanne ConwaySenior Advisor laid out pretty clearly, she said the more that we see violence on the streets, the better it is for the trump campaign. Shes flat out lying and you know it. That is a short clip. I did not interrupt you. I did not interrupt you. [inaudible] charles kevin, forgetting about what Kellyanne Conway said for a moment, i went to the speak to the idea that this violence and these cities that are run by democrats, does it help the party, it cannot be helping the party. I dont think it helps anyone, i dont think you help this country in terms of heali healing, as you pointed out Julian Jackson statement that was so moving the other day and the press conference, we need more of that and you saw the former Vice President really elevating that voice in the dialogue in terms of calling for peace on the streets, i dont think its a good political calculation on either side to ratchet up the violence, whether be directed on the streets of kenosha or whether be directed every and paul last night, we need to get them across the board and ratchet down the heat in this country across the board. Charles we have a couple of breaking news items. We have 30 seconds. Kevin is this one of the reasons biden has decided he needs to get to the midwest because it does look like the democrats did not touch this at all during their convention and it is getting worse. Absolutely. I wish we had more time. I love the passion and this is serious stuff, this is serious stuff. David and kevin thank you very much. We are closing out another monster week for the market. The dow and s p 500, nasdaq of more than 2 but their sector, we still have, not everything is rocking, the sectors that you need to consider for your portfolio we will get them so you can take action before the close. Well be right back. So youre a Small Business, or a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Charles hey, folks, you know that saying a december to remember . Well, how about an august to cherish . Now, i know it doesnt rhyme but this month has been absolutely amazing. Major indices are surging, Economic Data continues to defy the experts and nonexperts and my next guest says that many parts of the Economic Data suggest that theres a good shot the economy will be on the upswing as we head into 2021. Lets bring in Lpl Financial chief Market Strategist ryan dietrick. You have done some of the best work in the business. You pointed out one thing that i thought stood out in your twitter account about there being two separate sixday rallies this month and that never happened before. Whats the message with the way the markets are moving and this data . Well, thats right, charles. I guess the big takeaway is hopefully everyone is enjoying this, right . Yes, we had six days in a row to start the month. Now we are looking at seven days today. The s p has been at alltime highs six days in a row. We are looking at probably the best august we have had since the early 80s. This is just an unbelievable move that we have had. The one thing we continually stress at lpl research is this. The stock markets a forwardlooking mechanism. We know the economys not great. There are Better Things happening, no question. But the reason the stock market has rallied so much is it is indeed forecasting a potentially much stronger economy the rest of this year and definitely out into 2021. Charles so the wild card probably could be september, because as you have pointed out in your work, they are usually lower during election years so how does that inform how we might as investors sort of handle that . We are getting pretty spoiled right now. We are pretty spoiled. Honestly, if you are bullish, one of the best scenarios could be a welldeserved break. Historically speaking, september is, we will hear about it a lot next week, the worst month of the year on average. Its true. When you look at election years, what caught me was septembers weak, october is actually the weakest month of the year during an election year. What does that tell us . Theres probably some skittishness ahead of an election. Then you tend to get the election happens and market tends to rally. If we get a welldeserved correction, which would be perfectly normal after a 50 plus rally, we think it would be an opportunity to buy again as the Economic Datas strong. One quick point. Look at this morning, right, spending up 1. 9 month over month. What do the headlines tell us . Spending is down from where it was two months ago. Sure its down. Everyone is inside. That was still better than expected so people are still spending. The consumer is still there. That is really good for the economy. Charles we are talking about buying on dips. I know you like the semis, medical devices and biotech. I have less than a minute but if you can give us something on each of those areas. Yeah. Semis are the tried and true leader. They really pulled back. As the Global Economy comes back, taiwanese stock market made alltime highs. They make a lot of semis there. Thats a positive. Biotech has pulled back. Its done great, its actually pulled back. One of the groups you can get cheaper than a few weeks ago. And medical devices have gone sideways for five weeks, broke out this week. All those groups, really strong earnings. The fundamentals are there to justify the rally. Charles all right. Ryan, you are one of the best. Glad you came on. Talk to you again real soon. Meanwhile, we are leaving you near the highs of the session but Cheryl Casone in for liz claman, i got a knack for doing this. They call it the c. P. Effect. Cheryl have you heard of the c. P. Effect . Its a real thing. It is. Whos ready for the dow to go positive . Whos ready for the dow to go positive for the year, charles . You ready . Exactly. Have a great weekend. Charles im ready. Cheryl we are ready to go. Charles, thank you very much. Weve got a lot of breaking news coming up during this hour, but heres the big one. Wall street is looking to close out a summer friday with new records from the s p 500 and the nasdaq. This is going to be six Straight Days for the s p higher. Thats the most records in a row since january of 2018. Youve got the nasdaq,