University, so you dont learn all the tough lessons of trading the hard way. President trump pushing republicans to do a bigger stimulus pack on toe help struggling families to help boost the economy. Will lawmakers listen . I will ask senator kevin cramer coming up. All that and much more own making money. Charles oops, it happened again. Yesterday the market surged as the Federal Reserve wrapped up. From would be whether wobbly to fullblown swoon. In this is not the first time it played out. When there are more winners than losers, happies because of the waiting system but it often triggers more selling and cause investors to sit on their hands. How do you buy stocks when the overall market is down but not really down . Ipo mania. Everyone is asking is it sucking some of the oxygen out of the rest of the market . The singlefamily housing boom, does it continue or too late to leverage your portfolio to this phenomena. We have a lot to cover. I want to bring in jared levy, paul schatz and spotlight Management Group cio shanna sissel. Let me start with you, this post postmortem on the Federal Reserve, what did jay powell dough wrong yesterday . Not that he did anything wrong. He gave investors that there is still rebound weve seen thus far will likely slow. There is no opportunity for the economy to continue at the same rebound that its been with all of the headwinds from lockdowns, limited business and the like and then the lack of fiscal stimulus doesnt help either. He mentioned all those things in the q a. The market sold off because he gave us a reality check. Charles paul, we didnt like the reality check the last few times he stepped up to the microphone. One of the things seems to me the investors look towing the fed how they would be more accommodative, and actually what are you going to do . Are you going to cush yields or are you going negative . We want more data there. That seems to be the message powell is resisting trying to answer. So before jay powell came fed day was usually upward bias day, 70, 80 of the time. Powell has turned into a party for the bears instead ever in his tenure. Regarding yesterday, investors are hungry for more intervention. Investors dont want market, buyers and sellers to find equalibrium. Im not sure the markets can fully sustain themselves without the fed. When the fed slightly upticks the economy yesterday that was taken as a sign that well, clearly most or the most aggressive part of their support, intervention, manipulation is probably behind us. That the economy continues on this trajectory, were probably going to see a less aggressive fed. To your point i dont think negative rates are coming but i do think theyre either going to further manipulate the yield curve or in another recession, they could pin the 10year note. Charles you know, jared, heres the thing, yeah, you know the fed had to adjust some of its assumptions in part because were doing better than they thought we would be in june but they reassured us there will not be any Real Movement on rates with inflation into the getting to 2 three or four years out. Powell talked about maximum employment being different this time around. He mentioned it five times. I think, the notion that the feds going to move rates higher or, that is not on the table but what else do we need, what else do you feel like the last 48 hours are telling us about the market wants . Yeah. Fir of all i think what the fed is doing is absolutely perfect. I actually think theyre delivering the right message. Saying hey guys, were here for you in the long term. Were not throwing everything but the kitchen sink in this because we believe the sky is completely falling. Everything is not growing great, were giving you two or three years of zero rates. That should be good for now. Well wait, we still have things on the federal level, right, stimulus package may be in the works, some other things, they will not act too quickly here. You have got a lot of moving parts. You have societal changes happening. So they have to be really careful about you know, what they say, what they do. I think not reacting, overreacting. Charles right. So the bottom line here sounds like all you agree this is a wall street hissy fit. I do want to talk a little bit about the nuances of the market, right . A lot of folks are saying hey, buy value, a lot of guests come on the show say, buy value. How does an investor do that with the major indices are lower . Shana, what i mean by that, yesterday, far more winners than losers on the New York Stock Exchange and nasdaq. But if you looked at market, golly it was down. Kind of tough if the dow is down 180 points but there are winners in there. How do people get over sort of that anxiety there . Well i think just having the general philosophy that you buy when the market has weakness is just a good philosophy to have as an investor. That is a hard philosophy. Mo one likes to see the market going down. That is actually a buying opportunity. In buying value now, im cautious on that advice. There are pockets of indices, allocation sectors like energy and financials that have longterm secular headwinds that make it really difficult for those stocks to break out in this rotation from growth to value to happen. A low Interest Rate environment going through until 2023 does not help. So i think the opportunity here is to look at the market to try to find opportunities when things are down to buy growers, the things that will benefit regardless of the headwinds. To focus on finding hidden gems in those sectors that havent been behaving along with the rest. Charles but focus on the areas for the most part have been winning. Although i got to tell you last few couple weeks industrials, materials, they act really good. I want to switch really quick, guys, because we are running out of time to ipo mania. I think it is this time than 2000. I know it is different. Yesterdays snowflake is not president s. Com but they are tricking concern, jared about the market overall. Buying coming into them, therefore people are selling winners or maybe it is just frothy. What do you think . I think overall tech is generally frothy but what you said earlier is kind of key. You have to hone in on the ones that will be there for the long term. The bet today isnt on. Com. The bet today what larry fink said, were going to be home, well be needed technologies. The question which of those technologies, there are a lot of them are really going to be around to benefit us in the long term. That is where you got to go as an investor. One quick thing, find and apply a filter. If you want to find stocks toe buy, have a filter, cutting out transportation, energy, Consumer Discretionary right now. Stocks continuously raise dividends throughout the pandemic. That is a sign they will continue to grow. Make sure you filter down your results. Charles im looking at companies that reinstated their dividend. Before we wrap this up. Paul i want to get your thoughts. I understand you think what is happening in ipos is a mini mania. It absolutely is. Charles, the ipo mania from 2000 wont be around. I wont see one of those in my lifetime. Im okay with that. Every mania looks a little different. The underlying foundation is the same. Now it is the unicorns, big massive ipos. In 2000 ipos had no revenue were pricing on eyeballs. All ipo booms end the same way. If you love, well pick on snowflake, if you love snowflake, it will be a great company, it will be five, 10, 15 years from now. Just like microsoft was, apple was, google. You didnt have to jump in on day one or day five. Youre much better off waiting, letting them settle out, let the volatility come in. Clearly you have some green, you have got some giddiness, why wouldnt you when stocks are up so much from the lows and Robin Hooders and investors are doing better than the big pension and hedge funds . Charles lets leave it there i agree with you 1000 percent. I will not chase snowflake. One day to settle down. I will take a look at it. Fantastic sage advice from all of you. Paul, jared, shana. Thank you very much. Meantime the new fears that the u. S. And china our cold war could actually escalate into a hot war. We have a lot more on that later. President trump pushing lawmakers to finally get something done on stimulus but will his own party get behind a bigger number . North dakota senator kevin cramerrer weighs in on it next. President trump i like the larger amount, i said that. Some of the republicans disagree. I think i can convince them to go along with that. I like the larger number. I want to see people get money. It wasnt their fault it happened. It was chinas fault im a verizon engineer. And im part of the team building. A powerful 5g experience for america. Its 5g ultra wideband, and its already available in parts of select cities. Like los angeles. And in new york city. And its rolling out in cities around the country. With massive capacity. Its like an eightlane highway compared to a twolane dirt road. 25x faster than todays 4g networks. In fact, its the fastest 5g in the world. From the network more people rely on. This is 5g built right. Only on verizon. [camera man] actually anyone 50 or over is at increased risk for shingles. The pain, the burning my husband had to do everything for weeks. And the thing is, theres nothing you can do about it [camera man] well, shingles can be prevented. Shingles can be whaaat . [camera man] prevented. You can get vaccinated. Frank they have shingles vaccines whaaat . Thats what i said. Were taking you to the doctor. Not going through that again. [camera man] you can also get it from your pharmacist talk to your doctor or pharmacist about getting vaccinated. Talk to your doctor or pharmacist you can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. Charles initial jobless claims lower, still at levels before 2020 would be absolutely unimagine. This data does not seem to resonate with lawmakers because politics as usual supersede the need for immediate help. Airline industry executives came to the white house to pitch for more money with job losses. It appears they have an ally in the white house. Of the President Trump wants another response to the crisis but gop senators seem unmoved. Senator cramer in north dakota. He has been Public Service for a decade. A strong proponent for free markets. This economic rebound is beginning to slow. Im concerned congress not getting the message. Is there a chance a still potential for a fiscal financial package . First of all, charles, the fact that the democrats not only rejected the most recent offering, they rejected the possibility of even debating it. That is a pretty big problem. If their position is we want nothing because we like the issue, then we have a problem. That said i would tell you that i tell you i do believe the problem solverrers caucus can get something. There is pressure from home and leadership, particularly speaker pelosi. Clearly it would be a package bigger than the one that the republicans tried to put forward one week ago today in the senate that the democrats rejected but much smaller than what the speaker is offering and i think the dilemma is more among leaders than i think it is among the rankandfile members. Charles you know, it is interesting to me i understand the debt levels all of these things we traditionally worry about but i also have a lot of frustration with gop lawmakers keep saying they dont want to pay people not to work. I agree with that 1000 but the longterm damage to society are different than normal times. Think about this, back in february there were more than a million jobs than there were unemployed people, right . You had 7 1 2 million. Just five 1 2 Million People out there in the workforce. It all changed now. We have 7 million more people than we do jobs. How come Something Like that is not creating a greater sense of urgency . I dont know why except people are not hearing enough from their constituents, or, the proximity to the next election is such that there is another agenda at play here. I think that is what it is. I think the other agenda the crisis serves democrats better than the solution. So they dont want to play ball with us. All of that said, i agree we dont want to pay people more not to work than to work but if people cant work because of the imposition of the governments positions on their particular industry or job they ought to at least get some help because supply of money, discretionary economy in the economy is not an unimportant part even to a marketbased economy in a crisis. So i agree with you. I think we ought to still try to find some Common Ground somewhere . Charles you mentioned nancy pelosi and to your point she says she is trying to get the democrats together. And democrats even, sort of said, listen, theyre not really that interested. Some of them have but i also feel that maybe she is more concerned with crafting this Public Relations message that you have talked about than finding a real serious middle ground. So if that is the case, how do we get around this . Im afraid honestly that the Economic Data has to get a lot worse, the stock market has to go down a lot more before we can get the leadership really, specifically nancy pelosi to come up with a deal. Which by the way im telling you right now, it will be 1. 5 trillion. I said it from day one. It is going to be Something Like that when it happens. I just worry it will be too late, sir. Final word to you . You make a lot of sense there, charles. I think youre right t would be closer to 1. 5 trillion than 3 4, 750 billion. Maybe around a trillion. One of the things conservatives should find consul in, republican package, we found 350 billion of unused cares package money. In other words we are trying to do this with the least amount of damage to long term, that is to the debt and deficit while also acknowledging we also have a virus were fighting here. So look i think it will be rankandfile members that get it done if it gets done at all. They will have to hear from folks back home. Talked about the Airline Industry. There is one where a lot of people see the Airline Industry as a bunch of second times and shareholders. The reality is, when you look at the entire supply chain of the Airline Industry, that Industry Needs some specific help. Without airlines you cant do lots of things. Charles thats true. Senator, i always appreciate your honesty in our conversations. I appreciate you taking the time. It is always my pleasures. Thanks, charles. Charles folks, in the meantime there is a new report that poverty dropped to the lowest level on record last year, were talking the lowest ever. The groups that saw the best gains, they are going to surprise you. But i do say the essence of shared prosperity. Rnc spokesperson Liz Harrington what it means for President Trumps reelection chances. What is the point of shared prosperity if democratic governors are going to tax it away . New Jersey Governor Phil Murphy is trying to pull as i pull up a uhaul next. Still your best friend. And now your copilot. Still a father. But now a friend. Still an electric car. Just more electrifying. Still a night out. But everything fits in. Still hard work. Just a little easier. Still a legend. Just more legendary. Chevrolet. Making lifes journey, just better. 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 charles the Census Bureau releasing amazing new numbers to show americans are prospering and they were prospering has year at the best part of in history, really. By the way it was felt across the board. In fact the Median Household Income grew by a whopping 6. 8 that. Is the largest annual increase on record folks. 7. 1 for hispanics, 7. 9 for africanamericans, 6. 1 for asianamericans. 7. 1 for white americans. What does it mean . It meant fewer americans living in poverty. Poverty fell to 10 1 2 . That is the lowest level on recorded record. Lowest level ever. Going back at least to 1959. Joining me rnc spokesperson Liz Harrington. These are mindboggling numbers. Things have changed but certainly the Mainstream Media not talking about this. This is the ultimate sign of shared prosperity. It absolutely is, charles, you dug into all the numbers. For every race and demographic, for single moms, for people with disabilities. For people without a High School Diploma everyone was winning in the President Trump economic boom, the greatest economy in recorded history. The good news also, regardless the democrats dont want to talk about, try to spin it, the media wants to ignore it, americans consistently say they trust President Trump on the economy. What does, joe biden say, americans, it has been four years since i left. People just dont remember. We remember, all right. We remember the horrible, abysmal obamabiden years of 1 1 2 gdp growth averaged out over eight years. Those were terrible numbers. We can show the numbers in their own words, their own results. I just put it up on the gop youtube page. Judge them by their promises. They said unemployment would never go above 8 with the obamabiden stimulus. What happened . Right. It not only went up above 8 t strayed it stayed there 43 straight months. Charles 15. 7 , again, the lowest in history. But still very high numbers. Is the administration going to these communities, say, listen what we did for you so far. We want another chance to do more of this and explain how they even get these numbers lower . Absolutely. Were not just going to get back to where we we were where we see the greatest economy. That is where opportunity is and freedom and getting the government out of the way. We see what happens when you get progrowth policies, cutting taxes, even more importantly cutting regulations. Joe biden when he is lying everybody, oh, we wont hike anybodys taxing. He is proposing 4 trillion tax hikes. What is worse, they will vastly expand the regulatory regime, kills business, kills innovation. Kills the entrepreneurial spirit and that will cripple this economy. Charles to your point, higher regulations are defacto tax and a lot of people will be taxed. I got less than a minute but i saw this, i wanted to bring it up with you. Axios did a report from the insurance industry. One billion dollars in damages from those riots from may 26th to just june 8th. So the number probably goes higher. One billion to two billion dollars in damages. What is the message there . Because most of these were in democraticallyrun cities . You cant put a price tag on lives lost. You cant put a price tag on dreams shattered with all the businesses burnt to the ground. It is utter lawlessness that leftwing politicians allowed when they allowed leftwing mobs to riot with their weak, defunding the police. It has been horrific in minneapolis and seattle, portland, new york city. You know it all too well. Look what just happened in l. A. This is the direct result of this far left radical democrat agenda that they ignored all summer. They called it peaceful. They let it into their party and cant even condemn it. Charles people are fleeing these places, im telling you. It is not just covid19. Liz, thank you very much. Appreciate it. So on this, folks, i want to bring in president of walser well management Rebecca Walser with more on the Economic Cost to rebuild these cities. Rebecca, i lived in middle harlem. We had all the burnt outbuildings, abandoned buildings, a swaths of rubble. For years it would eventually be rebuilt because it was part of manhattan. It took decades. How long does it take to get back from some of this stuff . Youre right, charles. This is economic disparity that will take many, many years to actually rebuild and recover. I cant stand people say, that is when the insurance check comes from. That is such naive. If you think insurance will not pass one to two billion dollar cost to actually insureds and Business Owners. That is not how insurance works. If they have a big catastrophe, absolutely raise costs against everybody. Everybody pays it. Even Business Owners that werent hurt will be feel increase of premiums across the board. Two billion dollars will not get absorbed by nobody. Charles right. Do you rebuild . Certainly a lot of companies leave. So many studies ive done them on watts in 1968. All the businesses that left and never came back. I do want to talk about policy with you though because new jerseys governor introducing a budget deal basically is an attempt to redistribute wealth. What he wants to do is raise taxes for people making over a million dollars, from 8. 79 to 10. 57 . For lower income families that will get a 500dollar rebate. I dont know how the math works this seems like the kind of scheme exacerbates fleeing cities by the way not just the rich folks, people you give 500 bucks to it doesnt mean anything to them if they dont have a job, their business left or they dont have work skills. Exactly right, charles. The businesses will think about what are the environments were in . Are the police going to protect us if we rebuild. If not they will leave. Governor murphys proposal here it is really interesting he is projecting to raise 390 million. Rebate to the middle class, 150,000 or less one child, will cost 350,000. Youre raising a net 40 million while youre raising taxes to really one of the highest levels in the country behind california and connecticut. And im looking at this, charles, from the perspective there is a lot of people that live in jersey to escape manhattan taxes that commute. They might not want to make the commute anymore. Maybe they work remote after coronavirus. They will be able to make a vote with their feet and leave the state of new jersey. Weve seen this in european countries. We see that in france when 2017 macron basically repealed wealth taxes on the wealthy this is what happens all the time. People will eventually get to the point where they will leave and not stay to pay the higher taxes when there are other tax options available in a 50state country. Charles difference between organically growing a economy and these kind of schemes that ultimately hurt everyone. Rebecca, appreciate it very much. Thanks, charles. Charles well, folks, class is in session. We are talking investing and trading with one of our favorite market watchers, a trading mentor and a a l h bnewbie. Well be right back any amount ye instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Eso youre a small businor 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. [bells ringing] charles okay, folks, class is in session. Wall street assumes every single one will lose money in the popular refrain in the Financial Media is, quote, this will not end well. The experts make the worse assumptions and ignore the investors are doing very well. Moreover, theyre not jumping in wildly. They are asking questions. Still we know there is a learning curve that comes with experience. On that i want to bring in a young trader who had her share of ups and downs but has the kind of enthusiasm for the market i think is infectious. Ad realty star. I will get your name right one of these days. Also bring in one of our smartest traders in the business. Fitzgerald Group Principal keith fitzgerald. Lets jump into this scharre. You mentioned you were long jcpenney a bankrupt company. At the time i thought you were a little bit nuts. Here recently one session, news came out that you were looking for. The stock went up 100 . Did you make money on that trade. I made tons of money on jcpenney that day, charles. To be honest i went back and bought on the dip. Im currently holding 40,000 shares in jcpenney. Im following along with the court case, waiting for the news, hoping for a good outcome for jcpenney. Charles you know that most of the time like 99. 9 of the time when there is a reorganization, the current shareholders dont get anything as whatever is left goes to other people, right . You do know that much . I did do, i do know its a highrisk. You know, i have already made a lot of money. So i am, you know, holding on to shares that so well see what happens. Hoping for the best. Charles okay. Well, listen, you made big money on it. I will bring in keith fitz gerald. The stock is the roll of the dice. There are all kinds of risks we take when we invest. I want to know the most dangerous trades you take on . The most trades charles, are ones that i ignore the rules and i think i know better than the market. I give you a great example. I totally misjudged peloton. Its a wall street darling. I didnt think any way in the world people can buy the bicycles. The stock went straight up. I was wrong. It its intuition. I think when i know better and the market proves me wrong. Charles lets go back, scharre. I love what you just said, keith. So many people believe the market is wrong and will get it. Im short but the markets wrong. So, believe me, those experts seem to be the first people, Financial Media calls. All right, scharre, when you watch the Financial Media, you and all your friend ultimately will lose all of your money, how does that make you feel . It makes meaktan toanrove w . Ng w, youyoyo know . Iiean, miste ln,n,n,haes, we,ee l hum. Anan we aree goio m te t t stakesst test t trade trarsrsn the buneakise mkes buts it is abouabt kee yrou miskeskeer v vv eachd leannian froman fhem t anm ngmovingving on. Ving uyow, i aayslwell t t t melf, 100 100 100 we fai dan 1il wlreva pre. Pre witananoo booha 10 t. Ahs s s lls rig r. Ht lien, en wanano bring i formerfofogegeundun mag m turur ntor,ortock mar mentor. Coms. C d fititrick. Mhas fo hfoingfofo me. Ng ungs. Charles sha thehehe leshesososu in fro tro hedroge fundd industry to mentoring. Particularly the new investors . That is really good question. Here is what i tell my people. Typically we use pretty tight stops. There is not a question of taking a big loss. The issue, people sell too soon. Im not talking about any stock, im saying if you have a reason for getting into a stock, one of those huge reasons should be because institutions are buying. And, if you can get the fact that institutions dont buy in a day or a week, they buy over time, then you have to learn to stick with the trend. You have to stick with the trend. Everybody says that all the time. Tougher to do. It is really tough to do. Charles it is tougher to do. End of the trend. Every other time is just a buying opportunity. By the way i hate that you talked about peloton because that is exactly what i was going to say. I totally missed it. I didnt know that people would like sore butts. They do. Theyre working out more. Charles im with you on that. By the way, i made more money with nautilus because they have the fat seats. It fits me better. I want to bring keith back into all of this. Keith, talk about the volatility dan is talking about. It will shake people out. There will be periods of uncertainty and there will be heightened anxiety. Beyond hopeium what do you do . I look for products that we must have, things we cannot live without that will be technology, certain forms of money. I understand mistakes are tuition. Im willing to be focus on being profitable. Char is right. You buy low, sell high. Look for those things you will be successful. You constantly focus on them. So what to the rest. Charles wow. I like the tuition comment. Dan another quick word and maybe char. Community forum. I look into the discords, so much frustration, anger, fingerpoints. How come folks are not leveraging knowledge to do better rather than all the petty stuff . Where is that coming from . Anybody can get into those and investing is hard, especially for new comers. Tensions are high. Everybody gets angry. Were all anonymous online. So what we do on my service, Stock Market Mentor if there is a troll, theyre out. I dont care about your subdescription money. I want knowledge. I want the community helping. So we focus on being helpful and then also making money. Nothing else. So you really you have to filter it. You really have to filter it. Charles in 30 seconds, lessons you learned since the last time i saw you, the biggest lesson you learned since the last time i saw you. The biggest lesson you learned you need tools to help you. I invested in trades ideas, a real time scanning system that helps me knock out all the noise and gives me real time alerts. With trade ideas. Discord, these guys are all newbies, were learning a lot to each other. Having a support system is great. Charles support system is great. The right tools are great. Dan, fantastic stuff. Keith, youre amazing. Shar, continued good luck. Next time youre on, i will nail your last name. I promise. Because it seems that theyre rising, that the u. S. And china our cold war could actually morph into a hot one. It is news that everyone seems to be missing next. Nonvalvular afib can mean a lifetime of blood thinners. And if youre troubled by falls and bleeds, worry follows you everywhere. Over 100,000 people have left blood thinners behind with watchman. Its a onetime, minimally invasive procedure that reduces stroke risk and bleeding worryfor life. Watchman. Its one time. For a lifetime. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Charles support of taiwan is another senior u. S. Official visits the country talking trade and defense. Well this is obviously angering china, which is threatening to retaliate. Forget a coal war. Could we soon see a hot war in the region . I want to bring in wall street journal opinion writer jillian melchior. Jillian, undersecretary of state keith crotch arriving in taiwan. America switched focus away from china and taiwan. Obviously china is not happy. What exactly is going on here . I think what weve seen here is that, the united states, it makes sense for us to have a Good Relationship with taiwan and strategically theyre a huge trade partner, they have Semiconductor Chips which are really strategically important for us but china doesnt like this. I think they will continue to bluster about it. I dont think that should deter the Trump Administration from standing with a small democracy. Charles more recently were reading about chinas navy which caught up quickly, a lot quicker than we thought. They have created militarized manmade islands and their desire to be the Strong Military force in that region ultimately makes it seem like taiwan is going to have some form of reckoning there. I dont know that relationship we have with taiwan can continue with chinas ambitions. I certainly think were seeing some disturbing things. This year weve seen repeatedly chinese fighter planes going into taiwanese airspace. Some sort of aggressive moves on chinas part. China never really given up on the idea of taking taiwan back but it has been put on hold but i think the potential for even a misunderstanding that sparks conflict, you know, something you cant rule out. But what im really interested in is nonmilitary ways that the u. S. Can support taiwan and i think there is a great opening here for the Trump Administration. It has been so focused on trade and i would like to see it pursue a bilateral trade agreement with taiwan. That would make a ton of sense. Benefit the u. S. Economically and strategically important and a it is a nonmilitary way of showing support. Charles how is that looking . I think it is looking better than it has in a while. Last month you saw the president of taiwan removing restrictions own pork and beef. That has been a big barrier to a more intimate trade relationship in the past. She even came out and said she would like to pursue potentially a bilateral agreement. This is something if the Trump Administration decided to move fast on it could actually do. That would be just another trade potentially before the election. Charles that, to your point, President Trump loaves these bilateral deals. One with taiwan would really, really be amazing. Jillian, thank you very. Appreciate it. All right, folks, snowflake, jfrog, theyre lower today but golly they had some monster debuts and that is not going to step the ipo market where a lot of folks are looking to cash in but there is actually something hotter, right . There is a new investment tactic on wall street and it is the spacs. How can you make money on them . Thats next. This was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Leading armies to battle . , and this town said not today. Was that your greataunt, keeping armies alive . Drafting the plans. Taking the pictures. Was it your family members . Who flew. Who fixed. Who fought. Who rose to the occasion. When the world needed them most. Find and honor your ancestors who servered in world war ii. Their stories live on at ancestry. Charles breaking right now, President Trump speaking at the white house conference on american history. Well bring you the headlines as he makes them. The focus will be on defending the legacy of americas founding. Meanwhile, snowflake giving back some of the monster gains from yesterday. This after a spectacular recordbreaking ipo and it was just one of many, dozens of ipo hitting this market this week. Lauren simonetti joins me once again on ipo mania. Lauren . Lauren so far this week, public stock debuts have raised over 9 billion. That according to deal logic. The big one, snowflake. Its selling off on this second day of trading. Its a cloud company, considered attractive because it works across many platforms so amazon, microsoft and google, and it grew its revenue an average 140 annually for each of the past four quarters, but you see investors pumping the brakes. The stock down 10 because theyre questioning if that sort of growth can continue for a company thats still burning through cash. We had two big debuts today. The first deals with data analytics. Shares priced above the indicated range which was 22 and look at that, its at 27 now. This company is actually considered cheap, trading at just 12 times last years revenue. Imagine that. Then you have amwell, a Telehealth Company that priced at 18, trading just under 24 now. We will do all this again tomorrow when unity software, a company producing tools for 3d video games, will debut. Already it has upsized its ipo, eyeing a 12 billion valuation. To me, charles, this is the bottom line. Some people are calling the ipo market a bubble, a frenzy, but others say it is welltimed and indicative of the pandemic disrupting industries and allowing these new Economy Companies to shape the future of how we work and how we play. Thats my opinion. Welltimed. Charles its a great opinion. I like that. Thank you very much, lauren. If you think, by the way, folks, the regular ipo market is hot, you should see the spac market. So far this year, more than 100 companies have gone public this way. The average size of these deals, 400 million. Thats your average size. The recent surge in growth has come with more scrutiny and growing concerns. Joining me, spac insider founder, christine marvin. Im reminded of the old virginia slims tag line, youve come a long way, baby. When we talk about spacs. You have watched this from the beginning so catch us up, this overall status in this really almost almost euphoricgrowth we have been seeing. The reason spacs have taken off this year are due to a number of different factors, primarily as has previously been mentioned, covid certainly helped in a sense, specifically because, you know, private market funding kind of dried up and a lot of these Companies Still needed Equity Capital infusion but the traditional ipo market was shut for awhile, but spac market was still open and thats specifically because theres more certainty. Theres a pool of cash thats already been raised. But whats sort of different now, too, especially recently, with the fed sort of announcing they are going to be keeping Interest Rates low for the foreseeable future, is a lot of these Pension Funds and investors are sort of forced to play in the equity markets now simply because they cant get any yield, you know, via government securities. So its not going to stop for the foreseeable future and specifically because spacs have limited down side, meaning if you buy a 10 unit ipo thats the worst youre going to do. You can always redeem the share if you do not like the transaction. So its made the market incredibly attractive. Charles let me ask you about that. Let me jump in for a moment. The rules of these spacs where they make an acquisition, they have i guess between two years and three years to make an acquisition or the money goes back to investors. If you make an acquisition and dont like it, you can get your money back. But once it starts trading beyond that, whats the time limit to get your money back from a spac if you dont like the acquisition . Well, theres a bunch of different ways. As you mentioned, spacs have an 18 to 24month mandate. You can sell the shares of the market ahead of that for sure, if its trading above where you bought it, but you know, at the time of the shareholder vote at the end, you know, the timeline is you ipo the spac, the spac announce a company, then it goes to a shareholder vote. At that shareholder vote, you can say i dont like it and i would like to redeem my share and you get your money back. Charles i got you. Well, i do want to point out to the audience, you think this is a trend that will get hotter. Richard branson jumped into it today. Certainly everyones pouring into it. I wish we had more time but always appreciate it because we learn more about one of the hottest areas in the market. Thank you very much. Speaking of which, the market itself, liz claman, it aint too hot right now. Liz no, not at all. Not at all. Thank you, charles. Hey, look, weve got breaking news. Tiktok videos are not the only thing moving and shaking at this hour, as details begin to emerge on a deal involving oracle, walmart and tiktoks chinese owner bytedance that looks nothing like the outside sale President Trump has demanded. Now gop senators are bearing down demanding the nosale partnership with oracle be rejected. Charlie gasparino with breaking news as the clock ticks down to a ban of the social media app. As we head into this final hour, big tech is whats