In this weeks talkers. Watch. Maria the bottom line is there is an expectation that he will regulate the industry, even if you do have fracking, put new rules and regulations to cause some of these companies to go out of business. Again, stone cold liar. We saw him say in the president ial debate i never im going to ban fracking, play the tape. And then you play the tape maria are you expecting Amy Coney Barrett to be confirmed before the election . We fully expect judge Coney Barrett will be confirmed. Shes an originalist textualist who we think is made in the likes of a judge scalia. Maria people want to change their vote if they voted early because now theyre understanding more about what hunter biden has been involved in. Look, the hard drive from hell is about joe biden. This shows you how joe bidens been compromised by the committee Chinese Communist party. Maria what about the suppression of this information, senator . We issued these subpoenas on october 1st before the New York Post story about the laptop and the bidens, before that broke. So i think this gives us a Good Opportunity to explore really the outrageous conduct of twitter. Maria i want to get your take on the cost of those economic policies reversing should the president lose this upcoming election. The way to figure out what the cost of repealing all of the trump tax cuts and deregulations which joe biden has said repeatedly he will do, is to look at how much good they did for the economy. Maria meanwhile, a tough week, a tough month for the markets as we inch closer to the election. The dow industrials dropping more than 900 points on wednesday. Joining me right now is the chief investment strategist at januarymy montgomery scott. Youre looking at the worst month since the beginning of this pandemic. Whats behind this performance for the month . Well, maria, youre right, it has been tough of recent. In fact, its historically unusual that you would be down the week prior to a president ial election. Typically, you have a positive week. But i think a couple things are coming together here. I think perhaps the soberer realization on the part of a lot of Wishful Thinking by Market Participants that necessarily a blue wave of which seems to be where predicted. Com is placing the bets right now is necessarily going to be immediately good for the market. 9 i mean, i think a lot of investors are looking through to the prospect for a massive stimulus program, perhaps, subsequent to inauguration day. But between now and then, tax and regulatory policies could undermine those prospects for corporate profits that are pretty optimistic out in 2021 and beyond. In the meantime, of course, and this has always been lurking out there thats been somewhat quiet or at least ignored by Market Participants is the coronavirus and the uncertainty associated with its path. Obviously, everybodys hopeful for a vaccine which is going to go a long way towards restoring some type of socioeconomic normalcy, but news coming from europe which if you remember back when we were in sort of just emerging into the pandemic, we used to look at what was preceding the u. S. By 23 weeks, its obviously surging. Very strict mitigation protocols, and should that come here to the United States as we are also seeing cases mounting, that would thwart the very ricochetlike rebound with weve had in Economic Activity in the Third Quarter that, i think, does suggest we have strong momentum going into the Fourth Quarter and into next year, and that would be problematic once again for Market Participants. Maria yeah. We had a 33 gdp number this week, and yet in the same week we hear that paris and france locking down for a month, germany is going to put a new lockdown in place beginning on monday. Knowing all of that, mark, how do you allocate capital just a few days before an election as well . For the next 23 months or so, were technically cautious. Its only in the context of expecting continued volatility. A lot of things can hit the tape, obviously, like weve seen this week that can undermine the advance in equity prices. But beyond the next 23 months, if we look out over the next 1218 months, i think the macroeconomic conditions are very supportive for risk assets. So in general, were leaning into a procyclical, economicallysensitive stance which is to say we like basic materials, we like industrials, we certainly like to like financials though they cant seem to get out of their own way at the moment. I think we think this narrative of a reflation their rebound as a consequence of the unprecedented monetary and fiscal response weve seen not only domestically, globally continues to work which we think it will, were likely to see a rebound in those sectors that stand to benefit from an uptick in global Economic Activity and one thats sustained. Also importantly, look at small cap stocks and emerging Market Equities. Interestingly, even while down in the month of october, the small caps have outperformed large caps, and were starting to see merging Market Equities outperform u. S. Ec with i equities, investors are, nonetheless, buying into this renation narrative that i think will be quite profitable once again once you look beyond the next few months. Maria yeah. So many important insights from you, mark. Please come bakken soon, mark, thank you very much. Well see you soon. Thank you, maria. Maria up next, National Economic council direct or larry kudlow is here on a spike of Economic Growth for the Third Quarter. Why he says its game over for thunder rumbles ] [ engine rumbling ] [ beeping ] [ engine revs ] uh, you know theres a 30minute limit, right . Tell that to the rain. [ beeping ] for those who were born to ride, theres progressive. [ beeping ] noand if youre troubledan a liby falls and bleeds,ners. 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. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. This election is a choice between the trump super recovery, which is what were having, or a biden depression. Sad to say. Maria President Trump says there is a stark contrast between his economy and that of joe bidens. This week we got our first read of the Third Quarter gdp jumping an historic 33. 1 for the quarter. That beat expectations. Joining me now is National EconomicCouncil Director larry kudlow. What do you say to critics who say this number is backwardlooking, and they question the president s notion of a super recovery . Well, i say theyre wrong, because when you come town the list, you hit on all cylinders. This is a rebound from the pandemic contraction, yes. But youve got new momentum. Automobile production, for example, was up nearly 1200 in this quarter. Consumer spending up 40 , housing up 59 , business equipment investment up 70 . Heres a key point for the forward momentum, all these areas are clicking. Theres no inventories, maria. Inventories are virtually depleted, so they will have to build. Manufacturers, construction people will have to rebuild inventories to meet the auto demand, to meet the consumer demand, to meet the business machinery demand, and that means continued strong growth in this quart, the Fourth Quarter, and frankly, out to next year. Policies notwithstanding, this vshaped recovery with momentum. Were not just looking backwards, were looking forward here. Maria so, larry, what about looking forward to, well, people are expecting about a second wave. Were seeing coronavirus cases spiking in europe, and as a result, france has instituted a new lockdown until december 1st. Germany is putting in a lockdown for the next month because of this spike in coronavirus cases. Is there any chance we see that kind of spike here and that leads to more lockdowns . Well, theres no question weve seen a lot of hot spots in the covid cases, no question. Particularly the upper midwest, the upper northwest. Fatalities, however, remain very low, so thats a wonderful thing. We are the president has said time and time ago he is opposed to a shutdown or a lockdown of business. We dont have all the authority, but our advice to the states and lower callties is to not shut down. You have got to if you do that, you will make the cure worse than the problem. And our experts said you have to take a targeted approach here, maria, a targeted approach. We have tremendous new equipment, we have a lot of new therapies. Our experts are fanning out into the affected areas. The key going to be, again, observing and practicing the common sense guidelines, all right . Masking, distancing, good hygiene, washing your hands. Watch out for family gatherings. Thats kind of the new piece. We were concerned about large outdoor gatherings. However, watch out for family gatherings. Be cautious at home. Its not that you cant go home, just be cautious particularly with respect to distancing. But a lockdown would be devastating for this country, it would be devastating, and its just not necessary in most cases. Maybe it is in some small areas, but its not necessary nationwide. We have a recovering economy. Well be back to, well pick back all the losses of the pandemic contraction probably by late wasnt, early spring of next year. Lets not fiddle with that. We do not want the cure to be worse than the problem. Maria what is the status of the stimulus talks, what is happening . Nancy pelosi e sending a letter to steven mnuchin. Where are we . Yes. Its a very odd story. Speaker pelosi, who speaks to mr. Mnuchin every day for about the last three months, decides to send a letter. Mysteriously, maria, the letter got published in politico before secretary mnuchin got hold of i it. Thats a rather odd case. So i will say this, regrettably, our team believes now that the speaker is not negotiating in good faith, she will not compromise on key issues, she is still stringing us along running out the clock until the election. Thats e what our view is right now. Weve tried to be patient, weve tried to offer compromise all over the place, and we believe now no compromises are forthcoming. Now, some of these areas i dont think the vshaped recovery depends on an assistance package. But, but, but, but, certain key lawyers could have been really helpful areas. In particular, maria, the ppp program for Small Businesses which has 135 billion of unspent money left, and we could easily appropriate that. That could have been done in a separate bill. Or unemployment assistance. President trump acted quickly, he had an executive order to boost unemployment assistance, but we could only go so far. Theres no reason why the congress couldnt have passed a separate bill to help unemployment. You know, weve cut back on unemployment by 50 , but its still too much hardship. Airline assistance, something people agree on. But the democrats have their own agenda, their own ideology, and theyre choosing now to damage this economy and damage the covid recovery. I think thats very bad policy. And, again, it doesnt look like good faith when mitt coe gets your blitz coe get politico gets your mail before you get it. He will write a letter in response,. I havent seen a copy of that draft yet, but right now we dont see a compromise, we dont think theres good faith negotiations. Maria what are the chances of a stimulus package in a lame duck session, larry . Its very hard to say. I really very, very hard to say what the house will do. Maria okay. What the president will do, what the senate will do. Its awfully hard to say. Look, we tried our darnedest. We compromised, we raised our asking number. President trump said on key issues he would even spend more than the democrats, but theyve gone too far. Theyve gone off some of their asks have nothing to do with covid, they have nothing to do with the economy. We cant bail out cities and states across the country, pension funds, so forth, were not going to add health care to illegal immigrants. That stuff can be adjudicated later. Theres no reason why it cant be done now, we need economic assistance, this is no reason except for stalling on the other team. So i think the games over at least until the election. Maria my thanks to larry kudlow at the white house. Ice cube is teaming up with the Trump Administration in hopes of bringing about real change for the black community. Ice cube will join me coming up right here next. Stay with derriere discomfort. We try to soothe it with this. Cool it with this. And relieve it with this. But new preparation h soothing relief is the 21st century way to do all three. Everyday. Preparation h. 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Planks are the ultimate total body exercise. Build your upper body with pushups. Work your lower body with the aerosquat. The aerotrainer is tested to support over 500 pounds. It inflates and deflates in less than 30 seconds using the electric pump. Head to aerotrainer. Com now. Now its your turn to lose weight, look great, and be healthy. Get off the floor and get on the aerotrainer. Go to aerotrainer. Com, thats aerotrainer. Com. Maria welcome back. Another high profile africanamerican speaking out in support of efforts made by President Trump to help the black community. Rapper and actor ice cube works with the Trump Campaign in contract to further black opportunities in america. Heres what cube told me. After the death of george floyd, i saw a lot of activity and a lot of people talking about, you know, police reform, criminal justice are form. Not too many people talking about financial reform. And the reason i came on your show was because knew that id be talking to financial leaders in this country, and, you know, the fact that black people, you know, make up 13 of this country, but were living off of, you know,. 5 of the wealth. You know, not even a percentage point of the wlt in of the wealth in this country should let everybody know, that should alarm even. And everybody should know that thats not sustainable. So thats the reason why, you know, after coming out with the contract with black america, i really went hard at both campaigns to see a what they were going to do financially for the black community specifically. So that was the quest. Maria President Trump is talking about extending lending, hes talking about the 40 billion in new lending, and then that times ten in order to allow the black community to create businesses, startup business. Did you help him with his platinum plan in terms of that item, helping black america create business . What i e tried to do was emphasize that, you know, weve been under a smoke cloud of words like minority, people of color, diversity, urban, all these truck words that really puts us under all of america. We only get 2 of those programs. So i wanted to basically tell the administration that, look, black people have paid an enormous debt. Im talking about the sentence of slaves in this country have paid an enormous debt. Theres an enormous debt owed. Some estimate that the country has lost about 16 trillion due to racism. So with these things at play, i wanted to make sure that anything being done that we need to be at the front of this line. The black people who have been here for centuries, who suffered here for centuries need to be at the front of any line when it comes to helping businesses, you know, over the pandemic. Over 43 of our businesses is have shut down. Nobodys talking about that. And so i just want to make sure that, you know, all these political people understand that we have to help a specific group of americans to stop all this stuff thats going on in the streets. Because the country is coming apart at the seams. I dont know why people dont see the real problem, you know . Its not just maria yeah. Police, its financially. Maria youve been able to create an incredible life for yourself through hard work. You continue to reinvent yourself and create wealth and opportunity for those around you. I know the other day you were on the phone with College Students trying to talk them to the to the next level. What is it going to take, what do you want to see out of this administration or whoevers listening to you . Do you feel that youre being taken seriously . I mean, definitely, you know . I think, you know, it without, you know, me kind of pushing this line, you know, our concerns kind of would have been, you know, in everybodys back pocket, and they would have been, you know, everybodys trying to get, you know, white suburban housewives now, you know . Thats the thing to go after for these candidates. But at the end of the day, until you solve these problems, you know, i want to see more. I want to see people actually doing things to solve the problems. Now, i understand theres a process, and im going to be watching the process, you know in im going to see, you know, what happens after this election, and im going to be on whoever wins to implement some of these things that specifically help black americans. Because right now were being, you know, kind of engulfed by this, you know, broad minority brush that we dont really get our needs taken care of. And im just trying to break through all that and make sure that the country pays the debt to the people that is owed. And, you know, history states that there is some debt owed. There has been, you know, very, you know, crazy, unscrupulous practices put together when it comes to dealing with us financially. Its just been, you know, if you read the history, its sad to see the things thats been done to the black community financially in this country. And that has to stop. Maria my thanks to ice cube. Dont go im kalvin, and theres more to me than hiv. Im a peer educator,. A fitness buff,. And a champion for my own health. I talked with my doctor. And switched to. Fewer medicines with. Dovato. Prescription dovato is for some adults who are starting hiv1 treatment or replacing their current hiv1 regimen. With. Just 2 medicines. In 1 pill, dovato is as effective as a 3drug regimen to help you reach and stay undetectable. Research shows people who take hiv treatment as prescribed. And get to and stay undetectable. Can no longer transmit hiv through sex. 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Hiv medicine is one part of it. Ask your doctor about dovatoi did. Maria welcome back. Thatll do it for us, thank you so much for joining us. Tune in to fox business every friday night at 9 p. M. Eastern for another edition of wall street, another bug show planned next weekend. Plus, ill see you on sunday morning futures on the Fox News Channel sunday, my guests senator ron johnson and lindsay graham, nfl great herschel walker, just a few days away from the big election. Catch the show live at 10 a. M. Eastern on fox news on sunday. Plus, right here start smart, tune in weekdays from 69 a. M. Eastern for mornings with maria right here on fox business. Join us every weekday. And check out my new book in stores right now, the cost trump, china and american revival. Hope youll pick it up. Thank you so much for joining us this weekend, have a great rest of the weekend, everybody. Ill see you e a a a a a a a a. Gerry welcome the wall street journal at large. Days to go now until voting ends in the 2020 election and just a few more days for the media to maintain its protection around joe biden, insuring nothing could possibly interfere with his right to be elected president. The last few months weve witnessed the completion of the transformation of most news organizations into wellfinanced, highlyengaged tools of the democratic party. Still refusing to mention the revelations about hunter biden, his plans for a lucrative family deal