Transcripts For FBC Making Money With Charles Payne 20240711

Incumbent, what happens now and is it time to stop labeling trump voters races especially so many are black, hispanic, postelection error of potential new speaker of the house and the 2018 the media raise about the emails democrats elected to congress, have you heard too much about the republican women, i didnt think so there breaking records only joined by congressional candidates elect nicole malibu dockets and much more on making money. Loca. Charles the market is taking a breather after a sizzling week of gains, the notion of a divided government essentially you have a democratic president and then the split congress, historically the s p as turned an average of 13. 6 every time this happened since 1945, that is average, i think the market had a chance to look back at the strong earnings season for tickly with the positive to negative guidance ratio and this of course still hope the stimulus happens less than three or maybe less than 2 trillion, meanwhile he resisted point have been taken out and the alltime highs are not too far away, where do we go from here and how should you be positioned for that, i want to welcome heather along with the ceo of ci company rob luna and macro trends advisor Founding Partner ms. Rochelle. Heather let me start with you we have election chaos, covid19 cases surging in 121,000 just yesterday how impressed were you with the rally a background. We have a lot going on right now, yet it was the best week for the market since april and it was followed by one of the worst weeks in the month, theres a lot of volatility in the marketplace and one thing is clear if there is no blue wave meeting the democrats take control of the house and senate and the presidency they are less likely to pass the Corporate Tax increases, Capital Gains increases which impact the stock market and even you can look at tech and healthcare which are doing very well, though not going to break a big tech regulation might be coming but the market like that, divided congress. Charles theres no doubt about that, again heather is talking a preceding this, that was a tough week and a lot of people thought maybe its going to get back from here, how quickly the markets rebound. It was a tremendous week we were up almost 8 on the s p and we talked about this last week, i dont think it was the presidency, biden which look like he is probably going to be the president elect was leading in the polls a lot larger of a lead that we are expecting, the market was really worried about the blue sweep, that doesnt look like its going to happen, what was happening all the winners, apples, google, facebook that got sold off because of Capital Gains height, now everybody is rolling back into those names and those will be the names that lead you into next year. Charles were gonna talk about those names but i want to bring up an important point that pouring can be very rewarding, coming in todays session, the materials are having the best performing sector since the march 23 lows and industrials are number three, heres the question can the sectors continue to outperform . I think what happens often the exciting stocks get unappealing and selloff and they look for other things , we could have an infrastructure play certainly the Construction Industry to look at the job numbers today were hot and clearly biden has a hold bill back better message, maybe will be manufacturing more stuff in the United States, it makes sense that those names are starting to get a little love from investors. Charles one thing that is helping the materials, gold is on fire right now, silver, the dollar is getting weaker, there is some people that think that goes handinhand with the democratic president , is really amazing because its not that tech has suffered by how much material is up and a lot of people never talk about them should they. Like you said boring may be hot right now, the reason if you believe the next president elect is biden then you can expect Infrastructure Spending to the tune of one to 2 trillion, that helps the industrials all that will come to for ration and i think we get more stimulus from congress as well, that goes into the market, you see everything doing well across the board not just tech but small caps are doing very well, healthcare is doing well and i think that goes well for the market going into year end for sure. Charles of course tech and Communication Services have the fizzle, they carried the market for more than two years and wedbush is saying stay in the names, i know you been crushing it and we want to give you shout out the ftca to come i think its a symbol two or three weeks ago the stock is unstoppable, kudos to you interviewers and making money but you say stay intact dont you. You have to, that is what is lean and the topline growth is going to continue to come from, one thing that weve been talking to our clients about, the new barbell, the new safety is the cash companies, your apple, facebook that are sitting on hundreds of billions of dollars in cash because we know Interest Rates are not going anywhere anytime soon and then you need to look at the undiscovered new tech leaders like farfetched, stock is up 30 in the last two weeks, first of all ali baba said they wanted to get into the area with 300 million and cartier is putting another 700 million into the stock do your research and find the under the radar names. Charles you did it again and rocky then again i want to ask about marijuana stocks i tried to get this in earlier acb is up 48 just a couple days and folks may should have exposure. I also have two kids in college watching right now so ignore what im about to say. But one challenge with the weed stocks which is from a federal perspective there is expenses that they cannot deduct on the federal income tax return the very federal high tax rate but maybe a little bit of good news although a third of the country has legalized marijuana and certainly demand for the product the fact of the matter is if we dont raise Corporate Income tax rates the fact that the early have an effective 70 rate will be so bad, but theres all other place in the states, they have to go someplace, there are some reit plays that you might want to look at as well. Charles scotts miracle grow and part of that is taken off to, they will have an interesting thing, some of these sectors are really hot, this is how the market works, it did not look up to the height, theyve come down, some people missed out but i suspect the market keeps going higher, you hear about the marijuana stocks again at the 3d printing stocks, some of these names and sectors that lived up to the hype could make comebacks. I hear you, ive never heard you guys make a conversation about marijuana stocks in the stock market more exciting, i think there is a lot of investors, there is a place to make money in the sector and you rightfully pointed out. At the end of the day, as long as covid is a problem in cases are surging as ross pointed out, i think tech ultimately, i know it is hifi names, google, facebook, amazon, netflix. I think that is a place to be fortunately or unfortunately as long as covid is not an issue. Charles i have one minute and i want to get everyone in on this, quite simply will we take out the highs of the year and have new highs before the end of 2020. Go back to you heather, will he make new highs this year. Yes but we will also had lower, expect a volatile market. Charles rob. I know you like gravity so yes charles. [laughter] charles mitch. I think so, theres the chase for money on the sidelines in a chase to reopen 80 of the s p 500 is yielding higher in stocks yielding higher than the ten year treasury, i think you can continue to come in for no other reason than the yield. Charles heather was the person that took the multiplechoice question and there was not a d all of the above, she put it in there anyway. [laughter] have a great weekend. In the meantime turning to the election former Vice President joe biden taking the lead in pennsylvania and georgia but those states along with nevada far too close to call, the Trump Campaign says the election is not over saying that georgia is heading for a recount, the campaign claiming there might have been voter fraud in pennsylvania and nevada in the campaign is asking supporters to report any irregularities that the man witness. Joining me now republican congresswoman from arizona debbie lesko, what a mess, lets just start with your state and take us around what you are sensing right now. We still have about 230,000 ballots to count yet so trump has a pathway to win in arizona, he has to pick up an estimated 60 of the remaining balance, which is possible, what happens here in arizona is that a bunch of democrats turned in their ballot early so those were all counted first and we havent even started counting the ballots that were dropped off at the polling place on election day, thats probably 200,000 plus ballots and republicans were nervous about mailing them and so were thinking about to republicans came in with their sealed envelope mailin ballot and drop them in the dropbox and it will go towards trump. Charles thats an interesting angle i have not heard that, thank you very much and we just learned in the battle 40000 military votes coming, lets keep everything on pause, i want to ask about a statement President Trump released. We believe the American People deserve to have full transparency into all votes counting and election certification, this is no longer about any single election, he went on to say that we will pursue this process through every aspect of the loss of guarantee that the American People have confidence in our government, do you feel that the integrity of the process is now on trial . Yes, i do, i had tons of people in arizona contacting me saying they thought there is a problem with their ballot or the polling place, and directed everybody to defend your ballot. Com so they can register what happened to them, i can only tell you about arizona i heard from the media of whats happening in pennsylvania and possibly georgia but remember when donald trump said he was spied on by the obama administration, everybody laughed it off years ago, he was, i have come to realize that President Trump is often right on things that people criticize on him first. There may be some funny business that has been going on so it needs to be fully investigated and when it is all over i hope the president wins. Charles of course when its all over itll be all over and there will be a peaceful read inauguration of the president or transfer of power, the American People should be confident in that. I really appreciate your time congresswoman debbie lesko. In the meantime, the strong job support coming out this morning, america we continue to rebound but millions are still falling further behind, should Congress Come to the rescue ill be asking the chief economist about that next and how much sleep are you losing waiting for these election results, i have lost a ton, tweet me, find out the shocking number collectively thats going to blow your mind, well be right back. I knew about the tremors. 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. 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Charles adding another 906,000 private sector jobs in october another solid gain far more than austrian dissipated, of course we have a long way to go to recapture those lost during the pandemic, we were reminded that there are large swaths of this economy coming back while others are still being left even further behind. They call it acacia shaped recovery but that letter overemphasizes the amount of people in dire strengths. To be sure we were reminded 15 Million People out of work because their employer canno cat open or may have gone out of business and was 50 jump in longterm unemployment but keep in mind 93 of the labor force has a job in the Unemployment Rate dipped bigtime at 6. 9 , what is the true state of the economy or is there more than one true state, i want to bring a chief economist john lonski, youre the best man tell me how through this. Mixed messages, we know were not back but would come back further than anyone thought we would at this stage of the game and the big question is how much help does mainstream need . I think mainstreet still need some help especially i in one of those adverse industries restaurants, bars, lodging and the like, we can say right now with some confidence the painandsuffering is heightening and concentrated in u. S. Economy, is not broadly based, its industries i just spoke about if are going to provide assistance we have to see to it that it is targeted to those most in need. Charles theres a sense of urgency, they let the july 31 deadline go by and then of course they hinted at something before the election and now you wonder will we get something before the next administration is sworn in whether it is trump or biden, if you like every day that we wait another big chunk of our economy dies permanently. The good thing is, we got the election out of the way, there is no more need for political grandstanding, the time has come to get the job done as quickly as possible and as efficiently as possible. Charles my conservative friends are getting upset with me and i say we need one more nudge, the economy has done extraordinarily well, we got the v shape, one more nudge unleased is all that money in savings for the consumer and businesses but we will have an amazing 2021, what do you say to my conservative friends that this is backfiring people are getting paid not to work its not going to work. I dont think thats a major problem that were discouraging people from working because of unappointed benefits. What remains the Biggest Issue of all, you forgot to mention is covid19, if you can get covid19 out of the way, the u. S. Economy is going to lift off, we are going to be surprised at the rate for 2021. Literally shocked, you will find people looking to get on a pla plane. Charles i know for me personally im going to every concert, even concerts of music i dont like. Ive got a minute to go, i want to ask about the fed meeting yesterday it seems like jay powell does not seemed like he is focusing on more employment household expending he spoke a lot more to Consumer Prices and liquidity. Heres my theory i think the fed senses consumers to your point are going to stop spinning without more stimulus and listen theyre not going to raise rates, im pretty sure theyre committed to not raising rates until unemployment for blacks and hispanics to get 4 or less, how aggressive can the fed be in the certain situation. The fed is not going to allow a fixed Rate Borrowing cost to ride the levels that might hinder the u. S. Economy. Theyre not going to allow Interest Rates to rise high enough to hurt the equity market, Interest Rates have to remain low enough, to go ahead and extend this boom we have in terms of home sales, the only way the fed raises rates is if a Financial Markets demand that it does sell and that would only happen if the Dollar Exchange rate tanks but the good news is, the rest of the world, other advanced economies are doing a lot worse than the United States so the fed has plenty of leeway to keep rates low as long as needed. Charles of course were looking for something huge in december, they better come through, thank you very much. Each day i do the show there are so many topics, so many ideas, so many trends i want to discuss but we just never have the time, thats why im inviting everyone to read my daily commentary i try to connect the dots to much deeper headlines, i think you like it, go to w streets. Com it is free. Nancy pelosi facing the media after getting an ear full from her own caucus about the far left views that cost them a lot of seats. Meanwhile im getting fed up with the media and many black leaders suggesting that anybody who voted for donald trump is racist. My political experts weigh in on that next. Since pioneering the suv in 1935, the chevy suburban has carried many things. Nothing more important than family. Introducing the most versatile and advanced chevy suburban and tahoe ever. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. 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So if you want more from medicare, call now to learn about humana Medicare Options that are good for your health and your wallet. A licensed humana sales agent will walk you through your options, answer any questions you have and help you enroll over the phone. Plans with a zero dollar monthly plan premium are available in many areas. Call now and well also send this free guide. Humana, a more human way to healthcare. Charles democrats are projected to keep control of the house but they did not do as well as i expected, democrat congresswoman abbott ghost bamberger lehman the far left ideology for the poor performance of the party. The number one concern and think that people brought to me was defunding the police in the work socialist or socialism over again. Charles strong staff joining the nondemocratic strategist Jason Nichols along with fox nation host david webb, i want to start with that and ill start with you on the notion that your party shot themselves in the foot here. Im going to disagree with abigail spanberger, you have to remember her recent 2008 was supertight, 2018 im sorry was supertight as well she only one that by two points, she needs to recognize that her seventh district and virginia is going to be always tight between democrats and republicans, its going to be split down the middle, i agree we need to avoid slugging the area, that is for activists not politicians and also as an academic i dont like the use of socialism because even birdie sanders uses it incorrectly, he is more of a human capitalist and a socialist or even a democratic socialist, right now as we can see. Charles that is tough to fit on about figure. Right now we have to understand. I cant resist the attempt to read the sign rather lets focus on the actual policy proposal, you can call anything you want, you can call it hardened with the policies put forth proposing put this in the range of a socialist democracy and beyond and for that anyone can look at the spending in many other european nations and even central and south america, where does that lead to at least the economic plight among populations including lower in the economic ladder, to our district which includes the southern part of virginia, she has a tough road to go forward into me that is a politician protecting her seat more than carrying because of the care that much about the party they would not make statements on calls, they would go outward and reject aoc, Bernie Sanders and others who are leading in the socialist wing of the Democrat Party. Charles lets switch gears, i gotta tell you i hate when the media and many black leaders suggest that everyone that voted for President Trump is a racist, every republican president ial candidate in my adult life has been branded a racist, its not new but trump worked hard to rule the black Community Without retort policy, will this ever change. Not for the democrats that want to play the victimhood, it wont, President Trump, you and i have been asked republicans to do for years, get engaged, dont just pander to, democrats on the other hand have had the whole support of the black community up to now where they have overwhelmingly abused it and not delivered result, look at black unemployment down again from 12. 1 to 10. 8 continuing to trend down, look at wages increasing and this is happening across all communities, President Trump did look at blacks and when you look at all americans to say how we can get success into your communities and your lives. I think david is a great guy but he has it all wrong, first of all we have to understand that everything hes been talking about has trickledown economics they dont work and i would also say President Trump won about 8 . Charles does that mean youre racist. Say that again. Charles trickledown economics, the idea that trump is a racist in any black person that voted for him is that kuhn or this or that, are you down with that kind of talk. First of all i would never use that word, that word was used against our people, i would never use the c word to describe another black person even if i hate your guts. But i dont think it necessarily means that youre racist, i think it means you dont understand how race functions and how systemic racism has hurt black people and youre going to support someone who has a history of leaning in on racist ideas and racist policies, i dont think it necessarily mea means. I think it tells me. Charles let me squeeze one more in. Youre coming in and out but im going to squeeze one more in, he mightve supported the 1994 bills in congress, let me squeeze one more in, i think the democrats have an issue, aoc firing back about everybody blaming the progressives, i think nancy pelosi is in trouble and let me throw this out here, i have a minute, i believe that the democrats are going to put Stacey Abrams up for speaker of the house, am i crazy . No there are some of the Democrat Party that may do that, nancy pelosi knows how to hold power and she has done, she controls the first strings she controls the body, she has jim clyburn on her side, we always see him there when she needs them, she knows how to play this game, when she leaves she leaves after another term, speaker of the house then well see a real fight in the Democrat Party. Charles im talking about before she leaves, jason i see that the democrats will have enough house members to getting enough blame and if i did when georgia theyre gonna feel like they have to give Stacey Abrams something, why not that. I think Stacey Abrams is going to get a common vision in the Biden Administration that is coming from the president elect, i will say this, i think nancy pelosi, all agree with david, she is a survivor and i think she will probably make it through for at least another term as speaker of the house, she is incredibly effective, you get know what obamacare which people voted on in the selection you get know obamacare without nancy pelosi i think people remember that and remember with the Affordable Care act did for them and i think shes going to win the speakership again. Charles jason, i wish we had more time, so much to discuss but i appreciate the conversation. Thank you very much. Well be right back. 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Charles the labor release of the october employment report and for the most part it was impressive but there were some red flags, hundreds of thousands of americans returned to the labor force in the private sector created enough jobs to absorb all of them the bad news over 15 million americans shut out and i mentioned this earlier either their employers out of business or restricted from hiring additionally longterm unemployment surged more than a most 50 , 3. 6 Million People, the question how to best help those americans, some say fewer restrictions and others say higher minimum wage and others say that does not go far enough, we need Something Like universal basic income, my next guest, both thoughtful people but on how to best help more gravity payments along with National Taxpayers in the senior fellow, mattie let me start with the, i really start that the folks in florida really set the tone because it overwhelmingly voted for higher minimum wage and at the same time they voted for trump as a rebuke getting everything away, to me it feels like you cant argue these voters are coldhearted because they wanted to help their fellow man, at the same token theyve drawn the line on universal basic income, when you come down on this. Look at the data from over the summer, if the court intended to help workers in the form of a ubi universal basic income or increase minimum wage really work we would not have see the most explosive job growth coming out of the coronavirus lockdown in the summer months when we saw Unemployment Benefits supporting Workers Attitude of 150 of what they were making prior to going on unemployment i think that dispels the notion that having artificial means in place to pay workers more is the wrong way to go about trying to increase the wealth and Worker Welfare in this country, you look at the course of the recovery over the past several months, the american resiliency has been on display in terms of jobs creators being able to figure out despite different precautions in place tried to teach covid situation at bay and also workers hold back and once they were laid off holding backup and temporary layoffs, that demonstrate there is electricity that american employers and workers have figured out. Charles dan. Im in the trenches serving 20000 Small Businesses a day, i think the American People have figured out that the power balance between corporations and regular people which i would describe us a sickly Small Businesses, workers and consumers is out of whack, while americans are understandably skeptical of standardized power we want any policies that we can have that will eliminate the gap between the little folks and the people on top, ubi and minimum wage will help us do that. Charles there is a bridge between higher minimum wage, 15 an hour and ubi where you pay people whether they work or not or even seeking work were not. Yes i would say one thing that conservatives have pointed out to be all the time ubi is a check on too much government expansion because when you have the government sending a check to everyday people, maybe that is one more program that you dont need, it is not a reason to eliminate the most essential programs that we absolutely need but at some point its putting money into the hands of everyday people and trusting them to do the right thing, i myself when i raise a 70000dollar minimum wage the salary of the people, i myself was derided as a socialist but what we see afterwards, people started having babies, buying homes, paying down debt, they got healthier, most people lost a hundred pounds, beat cancer, these things really work. Charles is that the best way to address the stubbornness of the upward mobility issues that some have particular in his environment or is this something better, it sounds too good to be true, unlimited text to people, we all live happily ever after. What dan is describing i want for every worker in this country, 70000 guaranteed a year so they can raise their families and take care of people, that sounds great to me, the way that you get there is by removing barriers to work in the way you get there is not by raising the minimum wage, i believe if we could have more of a conversation about how we raise wages, workers will be better off what we know from places where you raise the minimum wage artificially you get people who are suffering the most as a result, in seattle where dan is based, university of washington and minimum wage was raised there workers hours were cut which was akin to 125 less in their paycheck everything a week, the minimumwage worker, your Typical Service worker cant afford that pay cut. When you look at ways to get the economy on track, look no further than a year ago were American Household was the highest its been on record because of the decrease in regulation, decrease in the tax burden and allowing companies to award their workers by putting their investment back into work matters most and thats a workers bottom line. Charles im sure will continue this conversation at a different time, were out of time, will pick it up again because its an important issue particularly as we have millions of people who are still struggling in the lockdown environment, meanwhile republican women seen recordbreaking success in the house, near congressional candidate nicole is going to share how she plans to join them once her district ballot count is done, i went to talk to her, well be right back. So when a , usaa reached out before he could even inspect the damage. Thats how you do it right. 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There has certainly been obstacles and odds that were be in my election but i think the same is said for many of the women that youre acknowledging today and were seen 13 republican women so far that will be joining in washington, i think thats really fantastic and that was americas answer to the socialist squad. Charles i agree 1000 , will they get the same recognition because it was on every magazine, every newscast and i thought it was supposed to be, i thought it was a major achievement and i hope republican women get the same sort of accolades. Charles i hope so too, sometimes there is certainly the way were treated differently just being women as it is but now being republican women its even more difficult but also this is a testament to leader Kevin Mccarthy and people like congresswoman Elise Stefanik committed conservative effort to go out there and recruit dynamic individuals and we have a number of women coming in, minorities, veterans that will be walking the halls of congress on the republican side of the aisle and i think this is a real way that we are in reinventing the party and bring in fresh blood, new blood, people that will be the opposition to alexandria ocasiocortez and elana omar as a door to a cuban refugee, i tell your particular offended by the policies that they have been presenting, wanting to dismantle the u. S. Economy and destroy capitalism, those of the freedoms and liberty, my parents came to this country as poor immigrants to pursue opportunity and i want to preserve the American Dream and our great nation and so people like me and marie, salazar is also cuban descent, were gonna be out there taking them photo. Charles a shout out to her as well, a great accomplishment and she filled in a previous attempt. Ive got less than a minute, i do want to ask as the numbers are scrolling on election night, i was shocked at how many votes try actually got new york, he wasnt close to winning but he had over 40 , is there a time where you think republicans could really win back the state where the city a republican could be elected in a progressive new york . Ill tell you what the numbers show you people feel the city has gone way too far to left, our state has gone to the left, the bail reform has been a complete disaster policies put under oneparty rule has been a number of murders and cop killers released on the parole board if people sent a very loud and clear message they want law and order and they want to open our economy and preserve the American Dream for future generations and they want freedom not socialism, we should look at this and look for a gate candidate to run citywide and statewide over the next two years and try to take advantage of the fact that people do want to change in their fed up with the oneparty rule in our city and state and know theyve gone way too far to the left to overplay their hands. Charles i want to say congratulations, i know youre going to take a couple days off, youve earned it. Thank you very much. Thank you. Charles take a breather, even now the s p and nasdaq, it certainly on their best case since seven months ago, coming up the trade thing you need to consider before the closing bell because the dynamics of the market are changing for the better. I paid off my credit cars and felt a weight come off my shoulders. Thank you sofi for a great experience and for helping me get my money right. Hi, my name is sam davis and im going to tell you about exciting plans available to anyone with medicare. Many plans provide broad coverage and still may save you money on monthly premiums and Prescription Drugs. With original medicare youre covered for hospital stays and Doctor Office visits, but you have to meet a deductible for each and then, youre still responsible for 20 percent of the cost. Next, lets look at a Medicare Supplement plan. 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You get all this for as low as a zero dollar monthly plan premium in many areas, and your doctor and hospital may already be a part of humanas large network. If you want the facts, call right now for the free decision guide from humana. There is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. Humana a more human way to healthcare. Charles welcome back. Earlier in the show, i did ask if you lost any sleep because of the election. Well, the reason is because theres a new study that says that americans have lost about 26 minutes of sleep on average on election day so you add all that up, drum roll, were talking about nearly 139 million hours of lost sleep. The study also found that people experienced more stress and anxiety. Yeah, thats me. Thats been me for the last three days, without a doubt. I got to tell you, i feel like ive got maybe three hours of sleep, i woke up one morning at 4 00, one morning at 3 00. Youre turning it on, you want to turn it off. I did watch a good movie, though. I did finally take a break and watch a good movie. Tweet me if you lost that kind of sleep, if you had that kind of anxiety. I guess pretty soon, that anxiety and stress will turn into fear and anger, but im going to tell you right now, no matter what, do not let it shake your resolve about anything that youre trying to achieve in life, about the stock market, about your own personal goals and dreams, because no one should be able to stop that at all. Okay . In the meantime, the markets are kind of moving here sideways but its been an extraordinarily great week and what i love is that we have seen an expansion of this rally so i started the show talking about material names. I started the show talking about industrial names. Technology is doing very well, earnings, i dont know. We dont know about them that much. That is the mothers milk of the stock market. If you want to own a stock thats going to go up, its got to have great earnings, its got to be going straight higher and thats exactly why i talk about them all the time. Before i let you go, i want to bring in gerri willis. Shes got a very interesting story that may have longer term implications. Gerri . Gerri good morning, charles. Thats right. I wanted to mention one thing about the stock market, though. I have been listening to you all day long starting with marias show. I thought you said the smartest thing ever about stocks. You said people should look to 2021, that it will be a huge year for stocks and the markets which i thought was fascinating and kudos to you for having that insight. Quickly about the story i covered today, data, your personal information, was on the ballot this week and in california, really, a landmark proposition, proposition 24, passing. Consumers saying yeah, we want control over our personal data, whether its geolocator data, any other kind of data, race, whatever you got, we want to control that. Brings Big Questions to mind, really, about the future of Companies Like google, facebook. Charles . Charles yeah. You know, before i let you go, on that, i think people should also have the option of getting paid for that data. Gerri yeah. Wouldnt that be nice. You know, they are selling us, right, at the end of the day. We are really the product of those companies. I think people think they are getting all this free stuff, for example, on facebook. I can connect with my friends, how wonderful. But at the end of the day, you are the product. They are selling your personal information. It would be just fabulous if you could get paid for that. Charles i know some Companies Working on it. I might bring one or two on in the next couple weeks. Thanks for bringing that up. Its so interesting because during the show we talked about socialism and all these things. California, california, they rejected the rules that they were trying to foist on uber and lyft. Even in liberal california there was a level where they said no, we want people to be able to go out and earn money, stop it. Let Free Enterprise work. Let people go out there and pull themselves up by their bootstraps. Theres a lot of positive narratives coming out of this election, including liz claman, the fact that one day we will be able to call the president , we will be able to announce that as well. Liz one day. We stress one day. Charles, what a week. Thank you for leading into my show every single day with what our investor audience needs to have and then boom, we hit it with the final hour of trade. Joe biden on the precipice as we head into this final 59 minutes. Six states yet to be called with the former Vice President now leading in four of them. The electoral map still unchanged, with biden leading President Trump 264214 in the race to 270. A victory in any one of those states makes joe biden the 46th president of the United States but lawsuits abound here. The Biden Campaign has confirmed