Brickandmortar names on the endangered species list. How can you invest in that comeback as well . Plus the need for law and order seems to help President Trump. The new numbers that have him in a deadheat with joe biden. Just how much keeping schools closed will hurt the economy . We have the data behind the 15 trilliondollar answers. All that and so much more on making money. Charles dave asman told you stocks are soaring after three days of step selloffs. You remember august and then the dazzling fall. We have mark tepper, phil blancato, and bull tick Capital Markets strategist, Katherine Rooney veer a i will ask everyone, but i start with you, phil. Is the worst over . No it is not. We have a lot of volatility to come. Election cycles will do that. High valuations will do that. Astrazeneca announcement put concern on the vaccine hunt. I think we blind higher and there will be fits and starts. Charles to we retest the low from yesterday or sort of volatility is here to stay. I think volatility is here to stay. I like 10 correction. A god brush fire in the market is healthy. Want to wipe out some of the charlatans and get it back in line. Retesting low. I think well go further than that, maybe five even more. As we bet lumpy news on the vaccine front. But grind higher. Data comes in and things get more euphoric towards the end of the year. Charles katheryne rooney vera, you say if we do go lower watch out for the fed to the rescue. Yes, charles you know me by now. Phils right but the message i would like to convey to your audience, there are a lot of guys that have a ton of cash on the sidelines. We saw the cash roaring into the markets today, that shouldnt be a surprise to many people. When there is a comfortable correction, three to 5 , you should expect to see the cash in breathless anticipation baiting for its chance to get in. As it continues to correct i think you see the heavy hand of the fed to come in. Guys with a ton of cash on the sidelines, stick with the plan. Structure of asset allocation. Dollarcostaverage, little by little, without emotion, without fear, without greed. We have to try to be methodical. I agree with phil, volatility will come and go but the general trajectory i think will be higher. Charles right. Mark, your theory is that pullbacks are buyable in uptrends. Weve certainly been in an uptrend. Yeah, yeah no doubt. We define an uptrend when you have the 50 and 200 Day Moving Average when theyre postively sloping youre in a strong uptrend so pullbacks are buyable. Phil mentioned 10 . Okay, that is important because whats typical after a huge rally off of a major low is a 10 pullback. So that would take the s p to somewhere in that 3200 to 3250 range. Were right at around 3400 now. Five away from alltime highs. I think you continue to see a little bit of consolidation. If you think about it the market was way overhe can extended. I think it needs to correct a little more and september is typically a very weak month. Charles talk about this rotation theme. It was big in august, although as much as we talked about it growth never really relinquished the leadership role you about now that these big growth names show they come down quickly. Kathryn, you talked about the barbell approach. I assume all along youve been talking value and growth. Now we see they can come down as fast as they go up is there a preference where we lean more, maybe towards value yet . I think that there broadening out is the right method of looking at it rather than a rotation of broadening out. I think thats right. What you want to be doing, if tech sells off 10 . That is great opportunity. Get some tech. Also have utilities position, have a golds position. Have a tips position. By married put option. Buy the s p when it drops 5 . You buy the put options either simultaneously or later in the future date but you want to have that protection, charles, i think because, you know, if things to up really fast they can come down really fast. Charles right. A lot of this charles, retail flows. Guys chasing value when it is already run amok. You have microsoft, apple, retail money flowing in. It can flow out just as quickly. Charles mark, i dont think youre in tech but you do have some names youre looking at here. We are in tech so were overweight tech. Charles i mean youre not buying tech on this dip, right . We are not buying tech right now. So actually i bought a few companies this morning. I added to positions. I bought Penn National gaming. I bought stamps. Com. Football is coming back. When it comes to Penn National it is a play on rapidly growing Sports Betting and Online Gaming market. Right now that is two billion dollars a year. We expect at that to 10x over next 10 years. Youre able to get in on the ground floor. States beginning to legalize Sports Betting. Charles right. The biggest betting right now the barstool sports book app is rolling out. Bar stool they have a bunch of regular users to come along with it. Charles certainly. The dave portnoy effect has not hurt them. I love stamps. I am getting waxed in it. I think it is most undervalued stock in the company. Phil youve been also advocating this barbell approach. What is interesting when the market comes down like it has in the last few days everything goes down so how do you tell someone, hey, this barbell approach is the right way to go when you might miss the big gains in tech on the upside and all of your stocks go down when they all go down . Because you have to have a belief were getting out of this. If we get out of this, out of recession, what will win, first off midcaps. Underloveed sector. Look at midcap space. Load up there, really win when we get out of recession. Value is still underperforming growth. For that reason i think were out of the recession with a vaccine sometime early next year. In that case you will win buying the names that are cheapest. Take profit in growth. Rotate grow growth tilt. Catch what youre talking about. Take profit. Be a good portfolio manager. Midcap, you love it on other side of the recession. Whirlpool is right in the middle of that. I really like. Say that again . I like name like a whirlpool. Think of brickandmortar companies to your point later on i can buy and own the next 12 months and be happy i did. Charles i love whirlpool. Been in it for a few years. Sherwinwilliams. Same story. Love it. Got upgrade today. Both stocks are soaring. Intriguing news, want to get your opinion. Found out Warren Buffett taking a gargantuan stake in a Cloud Company called snowflake. When this company ipos. There is something Warren Buffett hardly ever does. Mark, does this sort of add credibility . Obviously a hot industry. When you get Warren Buffett jumping in there, should everyone have exposure to the cloud space . It is about time berkshire is getting into the cloud. That is where the future is headed. Youve seen probably a decades worth of adoption get pulled into the course of six months. When you look at the crowd, when you look at data, thats what everything is abut right now. The most valuable asset any company has is its data but that data is absolutely worthless if you cant analyze it. Because if you cant analyze it, you cant take action. When you cant take action, you cant make Good Business decisions that drive profitability. Charles yeah. Accumulating that data, Artificial Intelligence and then disseminating it all in the cloud has been huge. Kathryn, i want to give you the last word. Warren buffett has done listen, obviously he is an amazing investor but more recently folks think these are the younger guys he is bringing into the operation more so than him but does it give spaces, Cloud Computing area just that little bit extra cachet . It does. Lets also remember Warren Buffett also dabbled in the energy space back in july with a purchase in alerion. That has underperformed since. These are important topics to discuss. But lets look outside the country. Emerging markets have a very high carry and a lot of return. If were looking for return in a low Interest Rate world, i guarranty the flows are going to be headed that way. So beyond u. S. , lets start to look at returns in the emerging space. Charles all right. Lets leave it there. Mark, phil, kathryn, fantastic stuff t was really helpful for the audience. Thats what we want. Folks, joe biden pitching a tax plan he says will help bring jobs back to america. An owed to President Trumps make America Great again pitch, biden says he can actually do it better. President trump keeps touting his law and Order Campaign as he tries to close the gap with joe biden. Guess what . There is new evidence that is indeed working. President trump instead of standing up to the far left rioters, biden condemns Law Enforcement and condemns america. Didnt even mention the words that we love and respect law and order. So you only pay for what you need . My chair. And my phone. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Riaccelerate your investments to be is or pull back . Een. Change the plan or stay the course . Thats why Northern Trust is here. With specialized expertise. A history of success through every economic climate. And proven strategies rooted in data and analytics. Giving you more control. Clarity. And confidence. For now and whatevers next Northern Trust wealth management. Charles joe biden laying out a tax plan that he says will help bring jobs back to america and keep them here. Jackie deangelis is live with the details. Jackie. Reporter good afternoon, charles. Well, thats right, joe biden speaking in michigan today. Remember it is the manufacturing heart of america. He is talking about Corporate Taxes within the context of jobs coming home. Listen to him. He promised that his administration would enforce every last buy in america provision on behalf of the american people. What makes his wild claims and hopes, he now hopes we dont notice what he said. Reporter okay, so biden wants to roll back the trump administrations Corporate Tax cuts to bring the rate back to 28 . But he also wants to impose a 10 offshoring penalty. This is where the jobs come in. Which means if a Company Takes jobs out of the country it pay as penalty. A corporation could pay as much as 38. 4 . He counters that with a tax credit if the Company Brings jobs home. There will be executive orders focusing the federal governments purchases power on American Products and americas supply chains. Michigan is significant because its a swing state. President trump won the state in 2016. All six regions became more red in 2016 and middle and thumb flipped to red. In 2018 dems swept statewide races. Shows the state is very much in play. What biden is trying to do is actually push a trumpstyle agenda. Trump focused on manufacturing, bringing jobs back through trade, through regulatory policies and by undoing obamabiden era environmentally driven policies that made it difficult and expensive for corporations to do business at home. The critics today however are saying how biden is going about it through this punitive tax push could actually depress growth and hurt businesses in the long run, charles. Charles it is always debate over the carrot and the stick especially if youre raising taxes anyway. Jackie, thank you very much. Always appreciate it. Joining us with reaction Republican Pennsylvania congressman guy reschenthaler letter. Congressman, its obvious the Biden Campaign sees how well President Trump did with the make America Great, bringing back manufacturing, taking china to task. All of those things obviously resonating particularly with bluecollar workers. He is jumping on the bandwagon here. Well, charles, thanks for having me on, i appreciate it. Please just call me guy. Imitation is the sincerest form of flattery and you see that from joe biden. If you just look at his tax plan, if you just peel it back, you can see it is really bad. It would be really bad not only short term but long term. Joe biden wants to increase taxes on 80 of the American Public. He wants to raise the Corporate Income tax. His administration would likely increase regulation which from an economic point of view is just another form of taxation. So what we need for this economy we need more of the President Trump style plans of reef us doing taxes, reef introducing regulation, and Holding China accountable. Charles it would seem to me also, just in the last 10 years this massive wave of that these state has say, listen you dont have to join a union would underscore the fact that historically joe biden and the Democratic Party have tried to force workers into these unions and saying that is the only way you can get a pay raise, when in fact manufacturing workers in places like alabama are gainfully employed making a lot of money. Heck, you want to own real estate in huntsville, alabama, more than any other place in this country. I see those two things being at odds with him, being so indebted if you will to unions. Biden is losing union support, at least trade union support. You saw it at the rally last week in pittsburgh when the boilermakers came out to endorse President Trump. The reason theyre voting for their livelihood. Theyre voting for their paychecks. They know if joe biden and Kamala Harris come in to ban fracking, that is their jobs. Trade unions are actually supportive of President Trump. They know President Trump will be very good for the economy, especially as he leans forward on natural gas and joe biden wants to ban fracking. Right. I mean, the union heads obviously in bed with the democrats but the rankandfile workers have certainly defected. I do want to ask you, i have only a minute yet. A poll in your state, finds President Trump and joe biden are now in a tie. What really made the difference this one issue where voters are saying restoring law and order. I think it is number three, but the distance between the first and third is really minimal. All of sudden this is a big issue. Something President Trump highlighted at a rally last night. I want to share it with you and the audience. Take a listen. We want law, we want order. Biden is fueling the violence with his relentless attacks on police and constant slander that america is racist. Charles quick response. How much do you think this will impact the general election throughout the country . It will greatly impact the general election, charles. People do not like this chaos, this lawlessness. They know President Trump stands with the police and for order and safety. Those violent protesters, those antifa members, those are joe biden supporters. Joe biden has yet to call out antifa by name. He has yet to call for a stop of this violent rioting and looting. Charles no. Weve seen some unnerving images, particularly of people eating at restaurants, stuff like that. When you do that, youve lost a whole lot of people, particularly in the suburbs. Congressman, thank you very much. Appreciate it. Thank you, charles. Charles coming up folks, Top White House trade advisor Peter Navarro will join me how the administration is Holding China accountable while helping the american worker. Kids across the country heading back to a virtual classroom. How much are School Closures costing the economy. I have a shocking number for you. You wouldnt believe it. It is next. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Charles breaking right now President Trump taking a tough stance on china and its unfair trade practices just a short time ago the u. S. Department of agriculture unveiled the seafood relief trade program. Its a program aid to help u. S. Commercial fisherman impacted by chinas retaliatory tariffs. For more on the program, im joined by white house trade advisor Peter Navarro. Peter, tell us about this one . You have the trump navy out in the seas off the state of maine, off new hampshire, where they get all the lobster as well, and off the coast of alaska. Here is the deal, charles. We know that back in 2001 joe biden let china into the World Trade Organization and they just ravaged this country. Donald trump comes in, 2016, says i will crack down on china. What did he do, put defensive tariffs on to protect our industries, bring china to the bargaining table. What did the bully do, Chinese Communist party do . They went after our farmers and fisherman with retaliatory tariffs. President was up in bangor back in june. We were with a round table in fisherman, they asked for three things, tariff relief from europe, tariff relief from china and made whole from all the bullying that china did. We did the first two things quickly. The europe thing was amazing, getting europe to go to zero fair riffs on lobster, that was the one of the greatest days in the state of maine. You can imagine. Sonny perdue announced a half a billion dollar program. It took a little longer than we wanted because we added fish to lobster. The fishermen who are eligible, it is like a menu of legal seafoods. Cod, mackerel, all this stuff. Here is the bigger issue, charles, youve been talking about this for years. Communist china is trying to destroy this country with its dumping, its theft, with hacking our computers. This president stood up to china. What china tries to do is bucks buckle our knees. This is stab back at Chinese Communist party. You will not bully us or meddle in our elections. Charles what is interesting, peter, china knew by going after farmers and fishermen, that they would actually create, you know, because we love farmers, right . We love our farmers. We love our fisherman. High ratings. They would create a sort of fissure. The media in america picked up on it. I never saw more articles about the plight of the farmer. Everyone felt sorry for the American Farmer all of a sudden. Yeah. Charles and so it worked like a charm for china because the American Media became a tool of the communist party by saying hey, you know what, this is not the way to fight this because the farmers are suffering. Indeed they sid did suffer. When do you say when the biden comes out with an ad that the tariffs backfired so badly the white house has to find money to give to farmers or fishermen who would rather say it on their own . They havent suffered because the president made them whole. The president has their back, number one. Number two, joe biden who has been endorsed by the Chinese Communist party, you cant make that up, basically wants to take away the tariffs on china and everybody in america knows, you cant reason with the chinese. You cant sit there and say, oh, please help us. What you got to do, you got to use things like tariffs to bring them to the bargaining table. Charles sure. So this was in my judgment pure election meddling because when they were, they werent going after farmers. They were going after iowa. They werent going after fishermen. They were going after maine. These are states in play in the potential 2020 election. There is no question that the Chinese Communist party wants joe biden as president. By the way the last hour is like, turned entire cable news into the comedy channel. You got joe biden with a straight face channeling trump without a mask he will be buy american. What is that all about . Charles he should be flattered. Sent all the jobs to china and now he will bring them back. Charles i got to leave it there. But youre right about this. Particularly, this is actually one of the big issues over in europe with the whole brexit thing. We do have proud farmers and fishermen. We do love them. They were being used as pawns. So i happen to applaud the administration but i do know that somehow they will try to make it political fodder as well. Always appreciate you, man. Thank you very much. Take care, charles. Bye. Charles all right, folks, keeping schools closed and our children learning through a screen, that can have much broader effects than we think. There is new report that finds out the closures could cost the u. S. Economy, get this, more than 15 trillion, over the next andersentry. Primarily because of skill loss. Don luskin, youve been against the lockdowns mostly from the beginning but you have had data to back it up. Explain to us why these things just, you know, the evidence that they havent worked and perhaps have backfired. Well, it is, the data is absolutely compelling. During the periods of the lockdown during march and april, the states and zip codes countries that locked down more didnt have Better Success at controlling the spread of the virus or deaths from the virus. In fact they did slightly worse. The jurisdictions that locked down less actually had better mitigation performance. During the period of open up from midapril until now, it has been the same thing. Places that opened up more, didnt suffer anymore than places that didnt. If the lockdowns didnt help, if opening help didnt hurt, well, why did woe ever rock down . Certainly didnt help controlling the disease . Charles yeah, i think if we go back to march, the beginning of this, late february, early march, something no one alive had really dealt with at least hands on, we might have read about it, you could see then, but there were places like japan and sweden, by the way sweden is doing remarkable right now, that avoided that. Is it just political politics superseding Everything Else in this country . I think that is part of it. But our country isnt unique. Were the ones having this big contentious election. The same thing basically happened everywhere in the world. Im not sure what happened in february. Maybe because this arose under such mysterious circumstances from china. I think the world got the idea this was a weapon of mass destruction. You remember when we thought iraq had weapons of mass destruction. We made a dumb mistake cost us trillions of dollars. We made another mistake that cost us trillions of dollars, simple as that. Charles maybe well make another to compound this. One of the things i know, achievement gap, income inequality is so persuasive enough in the country, i think when we consider schools being opened, i think it should be discussed as civil right. If were going to help americans, particularly those who are behind on the income ladder and other things, keeping these schools closed, oecd says will be trillions of dollars just to keep them closed for one year. I think it will hurt america, particularly americans who are already, you know, not at the top of the ladder. I want your thoughts on that . Oh, i agree with you 100 . I think we should dispense trying to calculate the dollar value of these things though and focus on the human rights issue here. Thomas jefferson had it right. If you want a functioning democracy you have to educate the electorate. Even before covid we were facing a crisis in American Public schools. If you asked me, it is the American Public schools that are dominated by unions, that are the source of systemic racism because they make it hardest for the least privileged among us to get the education that you need to make it in this world. And now, to keep those schools shut entirely is a crime against humanity and the unions who are insisting on this need to be held accountable for it. Charles i agree. Don luskin, thank you very much, my friend. Great work. No one puts in the work that you do. You always have the data to back these things up. Meanwhile, folks, pullbacks, corrections, crashes, theyre all part of investing. Yet at the end of the day there is still no greater Wealth Creation machine than the stock market and i know. I spent a lot of time how to deal with these challenges in my new book, unstoppable prosperity. Ive taken 30 years of helping individual investors helping navigate the market. I put together a road map of sorts and i want you to get your copy of unstoppable prosperity at unstoppableprosperity. Com. Olympic super star backtracking after defiant post about not wearing a mask while she was shopping. Should she apologize. I want to know. Tweet me cvpayne. Who does she owe apology to. When you didnt think the hollywood could become more woke, the oscars prove us wrong. Ntdeneen borelli will react next brighthouse smartcare℠ is a hybrid Life Insurance and longterm care product. It protects your family while providing longterm care coverage, should you need it. So you can explore all the Amazing Things ahead. Talk to your advisor about brighthouse smartcare. Brighthouse financial. Build for whats ahead℠ brighthouse financial. Apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com hello, im michael youssef. Lately, we are hearing so many conflicting voices and i dont blame you if you are anxious and worried and troubled. But if i told you that theres only one voice that you can absolutely trust. After all, he wants nothing from you and wants to give you everything. Im talking about the lord jesus christ, who said, come unto me, all who are carrying heavy burdens and worry and anxiety. And i will give you rest. Hes the only one who can give you true rest and peace. Will you come to him . [female voice] are you waiting to find a trustworthy voice in the midst of the chaos of this world . Visit findingtruepeace. Com to find a voice that will never let you down. Again, thats findingtruepeace. Com. Charles olympic Gold Medalist kerrey Walsh Jennings issuing a apology after her post on instagram. I went shopping without a mask. And this is why i read a quote the other day that shook me. This is not, has not been enforced. It has been consented to. She went on to talk about how she was standing up for her rights and freedoms without being reckless. Joining me now, to talk about her thoughts on her whole mask debate, where we are with freedoms in this country, fox news contributor, deneen borelli. Part of the post, like instagram posts, they can sort of be rambling if you will, but the gist of the initial post, she thought Mask Policies infringed on our individual freedoms. You knew she would have to apologize. She will probably make a commercial for something. But she did let it out there. What do you think about that . Well, she was expressing her personal opinion, charles, and last time i checked we still have freedom of speech in our country but look there has been mixed reactions to what she said and what she did but let me just point out the fact that, when you look at how, for example, the reckless and kneejerk reaction with democrats, democrat politicians, when it came to this virus. Joe biden, for example, said that, if he was in control, if he was in charge we would have a National Mask mandate. We would have a National Economic shutdown. Charles right. Yes, so charles i want to ask you about this idea of personal, personal freedom though, deneen. Yeah. Charles because some people are saying, hey, listen, you know, were losing our freedoms even in these circumstances. I mean, do you think, particularly local government, that they have gone too far in general . Well, look at new york city, for example. I think just today they announced that restaurants can open Indoor Dining at 25 capacity. So these restaurants have been closed since earlier this year. Think about the number of restaurants that now have had to close their doors, go out of business because you cant make a living off of your restaurant being closed. Charles right. Or only outdoor seating based on the weather. But there are also things that are happening. L. A. Just canceled doortodoor trickortreating, halloween parties. I saw that. Yeah. The other thing i want to point out is the double standard, charles, if i can real quick. Nancy pelosi got caught in the hair salon. She got outed. There is also the mayor of philadelphia who got caught dining at a restaurant outofstate. Sew there is also the double standard aspect as well. Charles let me ask you quickly, speaking of double standards. Now the oscars, they have gone full woke, right . Starting in 2024 in order to be eligible to win best picture the film must meet certain inclusion requirements. I think, the oscars have lost credibility a long time ago. I think hollywood has really, you know, i have no love for hollywood but what do you make of this now, this pendulum swinging all the way to the other side . I havent watched the oscars for many, many years but i will say this, it has come down to quotas, not about a persons skill or ability to act or to write or to direct. It all come down to checking boxes and quotas on sex, on race. What about content of character and ability to do a job, to do a task, in any situation . Charles right. Unfortunately we keep hearing about race, Racial Inclusion and training all this other nonsense but really it is just a grand distraction, charles. Charles checking these boxes is one thing. First of all they have to give denzel at least two more oscars. Then well start talking. Deneen, thank you very much. Folks, well be right back to beg for this for a long time. They will, but with accident forgiveness allstate wont raise your rates just because of an accident, even if its your fault. Cut sonny. Was that good . Line the desert never lies. Isnt that what i said . No you were talking about allstate and insurance. I just. When i. Lets try again. Everybody back to one. Accident forgiveness from allstate. Click or call for a quote today. Charles breaking right now, President Trump is set to unveil a list of potential future Supreme Court justices. The president tweeting he will make the announcement in less than an hour. Stick with fox business for the latest. Well have that for you. Jpmorgan chase revealing it is probing the role of employers who may have enabled a miss misuse of covid relief funds. Cheryl casone has the details. Reporter it is likely overseen by chairman ceo jamie dimon. Employees and customers for potential abuses of the ppp program. The bank confirming it is looking instances where customers misused those loans, Unemployment Benefits as well and other Government Programs that were offered at the time. The bank was the biggest lender of ppp issuing 280,000 in loans, excuse me, 280,000 loans worth 29 billion in total. That is according to data from the sba. Help for businesses enacted at the height of the pandemic was designed by treasury for the honor system. Maybe that is not working out. The bank is working with Law Enforcement officials where to identify the abuse of the system. At the time this program was heavily criticized for technology problems, changing lending rules. There were accusations some of the banks favored their bigger clients over smaller businesses who some now argue, did at the time needed the cash. There is currently impasse in washington extending elements of the program. This news today may not help those negotiations, charles. Charles it might not but im glad it is out there, cheryl, because a lot of people thought maybe Something Like that was happening. Thank you very much, appreciate it. Well folks, the s p 500 rebounding pretty nicely today but the message of the market the last five days, you know, left for dead retailers they have been the big winners, believe it or not but are investors bottomfishing there or are these brickandmortar Companies Really Sustainable Investments . I want to bring in Kristen Bentz of kb advisory group. I pulled a list a top five percentages last five days, phillip van heusen, macys, what is going on there . The consumer not dead. They were a little dormant because they didnt have access to go to the brickandmortar retailers but they were not left for dead. Americans dont like it when you tell us not to do something. If you watch consumer behavior, consumers are spending and spending in kind. Charles they are spending. You know, at one place i know theyre spending, i know youre a fan of Louis Vuitton, lvmh. The company pulling out of this 16 billiondollar deal with tiffanys. I think they had buyers remorse when they announced it. They were able to use tariffs as an excuse. Does this make the stock more valuable in your mind . The tiffany stock or lvmh . Charles lvmh . Lvmh. Definitely. They have 13 billion in cash. Never underestimate bernard renault. Tiffany has been a little lazy with the management, giving out a dividend right now. Why would you do that during a pandemic. I think they have been hanging out the last five quarters. They havent exactly outperformed. Never ever sell him short. So i definitely think Louis Vuitton absolutely deserves a premium valuation. He is one of the best ceos in the business. Charles yeah. Just anecdotally i went to the mall on saturday and Louis Vuitton, tiffany, line of 20 people, deep to get in the store for hours. No line, no one in the store at tiffany. Real quick, Restoration Hardware, another name that you love. They report after the bell. It has been a highflyer. Are you sticking with it. Im always sticking with rh. They are opening hotels. Keyready condos. Everyone has a yacht. Rebifurcateed cash, if youre flush with cash, redecading. You are good with Restoration Hardware. Charles love my Restoration Hardware sofa and catalog. I hope they never stop sending them. It may be antiquated by i love them. Kristin, thanks so much. Thanks so much. Stocks pushing higher after a threeday losing streak. Coming up the last trade you should consider because there are nice bounces out there, one ever the best really in the business seriously, gary kaltbaum. We have a lot to answer. Well be right back charles big cap tech stocks leading the market back after three days of heavy selling. Here with more as we head into the final hour of trading is kaltbaum Capital Management ceo, fox business contributor, gary kaltbaum. Gary, i just want to talk about the way over the last few weeks you talked about a meltup and every time you added the caveat that when it was over we would have a hard thud, we would come down hard. You were absolutely right. Where do we go from here . Im not i think we have more to go on the meltup so i think this is probably a point in time where we shook the living daylights out of people. I did some selling last thursday, but im itching to get back in. Im a tech guy. I love the reaction in names like salesforce. Com and zoom, gangbuster numbers. But i have to tell you, one area that hardly budged in this downdraft was housing related names like Sherwin Williams and things like that. Thats definitely a theme im working on also. Not necessarily the housing stocks which are strong but Sherwin Williams, home depot, lowes, Restoration Hardware. I know they report after the close. But its good to see what the market did today, held right at the vital support, especially the nasdaq and nasdaq 100. Hopefully it continues. Charles right at, i know the nasdaq 100 was right at its 50Day Moving Average. Almost every company you talked about for the viewer out there has reported great earnings, right, and salesforce beat by 100 , zoom beat by 68 . So you know, we know already the companies that are doing well but what about some of these other names, because conspicuous, some of these software names, a fan favorite for traders down almost 7 , z scaler is also only up a point, it was up by five or six points. Now do you feel now like these companies have to prove themselves, like they must show they can execute, not just be in a hot group anymore . I think the Software Group as stocks, forget the fundamentals just for a second, have separated themselves. I have about 75 to 100 names that have broken support and are not getting back above but others are just much stronger than others. Twilio is gone for now but zscaler, im happy to see microsoft which was getting bludgeoned back above an important area today. Its going to be a separation of the great versus not so great. You have to be more specific because things are getting narrower there. Charles i love to be able to find those exact winners. I know its hard for people who like to throw darts. I have to ask you, we had a great conversation earlier in the week about congress and more stimulus. How much do you think of the last couple days at least the selling has maybe been a message to congress that they have to do something and by the way, maybe do something that includes another 1200 which is not in the socalled skinny bill from republicans . I think the market was just extended up but look, what happens in washington now more than ever does matter to markets. So maybe theres a little component. I will just go back to it again. This is still seven, eight Million People still unemployed that were employed back in january. You dont take care of them, not good news. The good news is they will open up restaurants in new york city and the Restaurant Industry i think is like 14 Million People employed. Good to see that. That helps. But we still have a ways to go. Every day hopefully is a better day as we move forward. Charles we move to new highs before the election or sideways . I think we got some sideways right now, but we hold these levels, i can pretty much all but guarantee we will break into new high ground in the next few weeks. Right now, i think its back with selling to do. Charles you are one of the best, if not the best, my friend. Thank you very much. We are near new highs for the session as i hand it over to liz claman for more. Liz yeah. How about that, highs of the session. The hemorrhaging has stopped dead in its tracks, everybody. On wall street right now, the markets slapping a tourniquet on the threeday selloff which accounted for a total market loss of 2. 8 trillion. But as we head into this final hour, the bounceback in full swing. The nasdaq up 330 points, still in correction territory. But should you now sound the allclear and go back into tech . Used car sales are spiking. Yes, they are. Commuters fearful of the pandemic choosing to drive versus take public transportation. The ceo of Advance Auto Parts is here on how the