Challenges he continues to insist the election was stolen for him, one of joe bidens advisors floating idea of more lockdowns ahead of the covid19. Well get the take from the rnc all that and much more on making money. Charles well the market opened relatively flat, investors moving back into the growth names including the lockdown darlings like zoom and peloton this at the expense of the rest of the market. Despite soaring covid19 cases more restrictions an lockdowns investors are resisting panic right now. Many probably remember taking big losses last spring, only to regret it by late summer. With earnings season almost over, vaccine hopes rising with more economic restrictions what kind of guidance will we see near term that dictates Market Action . Maybe it could be the charts, folks. We know investors should mind the gap when it comes to the market. I will explain that with help of ryan capital president , ryan payne, a group im not affiliated with. And federated lisa decell, fitzgerald institutes keith fitzgerald. We saw device scif rotation out of growth names into everything else, but the last 24 hours virus rushed back into comforting arms of meg growth, stayathome stocks. Keith you did not spur the growth names but it does not seem clear not all of them will be winners in the long run so how should investors handle these gee races . Number one, take a deep breath. Number two, concentrate on companies with clear path to profits and executives set to get them there i advocate a barbell approach. Big Tech Companies on one side and consist that make the economy go here. Jpmorgan, apple, health care somewhere in the middle. Sentiment will swing. One thing you dont hit the eject handle. Well get through it and those stocks are going to shine. Charles ryan . I dont know, work at home stocks, peloton, zoom, theyre still 20 below their highs. I dont know about you, charles, but my bowflex is sitting in the basement collecting dust from the 90s. They are getting played out. You start looking at, for example, peloton at 260 times earnings. That is 260 years of profits built into that stock. I think time to look at the reopening of the economy. I think the stocks could bounce a little bit but i think the play is somewhat over. Charles my 80pounders are collecting dust. Im not curling 80 anymore, that is for sure. Linda, your thoughts. This sort of tugofwar between growth, stay at home names around then the rest of the market . We swayed back and forth pretty quickly. Yeah we did, actually. Monday was really outsized day. We havent seen that much of outperformance in value in 70 years. No wonder people started to look over there but investors are worried about value. Weve had fits and starts all year long with value. We step over there. We come back. We go into what you said the comforting arms of the fang stocks. The five biggest stocks today on market cap basis deserve to be there. They are extremely profitability. This is one thing i think they were defensive on the downside and they kept pace on the upside. Wouldnt it be lovely instead of having a rotation we broadened . Charles okay. Im going to come back to linda. Im not hearing her. Im not sure the audience is but she made a great point the reason fang was so popular in part because they deserved to be. We have five companies in the market with that sort of firepower that sort of growth i dont think ever at the same time. Ryan i want to come back to you though, last week we had this discussion and it seemed like you were a little bit afraid of shutdowns. I give you props, shutdowns are coming but stay the course. Now that we see the again the virus going back up, how is this informing how you are invested as we will see restrictions increase but we also know that a vaccine is closer . Which one is really dominating how you are thinking now . Definitely the latter, charles and last week for the record on monday one thing i many fa is zood you have to worry about a meltup at paynes we like to be right, we have seen the meltup. Monday is the validation. Monday showed you any inclination that the economy is literally reopening faster than we expect. All the beatendown names. You saw the cruise stocks, Airline Stocks jump massively. You saw rotation out of tech. I think that is the future. We love the fang stocks. I know we love the fang stocks but the multiples already represent that. So there could be some some more room there but reopening is the place to be here, period. Charles keith, are you making any adjustments based on the spike in covid cases . Well i agree with that sentiment entirely. Youve got to bet on the reopening because i think again as the news drawser the idea we have to stay at home will become less and less attractive. Reality we want to be out, we need to be out, we deserve to be out is where the stock market is going to go. Im happy to see a little bit back and forth, many of those names, many of Great Companies are on sale if you have the right perspective. Charles folks, dont look now but the 10year bond yield moving ever closer to 1 . It has been a under a little pressure today but overall this move is fantastic. I think it is great news for stock investors. In fact history agrees. The market rallied 14 out of 17 times where 10year yield surge more than 100 basis points. That rally averaged 20 . So linda, i think it is huge. Often by the way this leads to multi, multiyear periods of upside for the stock market. Your thoughts on this . Well, yeah, in decades gone by we were worry about Interest Rates going up meaning we had an nation problem. If Interest Rates are going up because we think the economy is growing that is bullish for stocks. Weve been looking for this since 2009. We today a cpi was really very tame. There is no inflationary problem and it would be really great to see Interest Rates go up as a reflection of Economic Growth because we baby boomers, people like myself weve been plowing money into bonds ever since 2009 and if we decide to go over to stocks thatreally to help to power the market. Dont forget financials, they are steeper curve. They are one of the bigger pieces of the market and they charles folks you may here this tina thing all the time, stock market is only place to be. As of the end of september when it comes to fund flows, 241 billion taken out of domestic stocks, 49 billion taken out of international stocks. Where did all the money go . 369 billion into bonds, taxable bonds. I got to tell you if in fact bond yields go up and i think they will go to at least 1. 4 , we could see trillions of dollars coming into the stock market. I want to shift gears just moments ago the American Association of individual investors saw a giant spike in investor bullishness. Ryan, usually that is contrarian thing. I cant remember it being this high all year long. This is one of the biggest week to week moves ive seen in a long time. Does it make you nervous, investors, individual investors have become this bullish overnight . It does make me a little nervous because i like the contrarian play all year where basically the ai numbers have been so low and they jumped. You know where the money is going the bond market. S p 500, we saw 12 billion inflows into the s p last week, spy, the s p etf. Too many people are putting their money if one place, the s p five. You have to broadly diversify the money to protect yourself. That will end badly and when the public loves it you know that is not a good sign. Charles im not so much a fan of individual as great sell indicator well see. Ryan, linda, keith, thank you very much. We appreciate it. Folks the Trump Campaign is filing a flury of legal challenges to keep him in the president ial flight. Joe bidens advisors are pushing for National Lockdown to control the pandemic. Cast see smedile from the rnc will weigh in on that. Pushing for the quote, privilege folks who can work from home. At 2 20 why this has nothing to do with economics and everything to do with punitive social justice. Well be right back. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 nx 300 for 349 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. 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Visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. Charles the Trump Campaign taking aim at pennsylvania and its 20 electoral votes following a dozen legal challenges alone. The states court barring Election Officials rather from counting provisional ballots cast on election day by voters who mailed in ballots on time. The latest string of lawsuits in addition to ones in georgia, nevada, michigan, there are also reports of attempts to delay the certification process. Allowing republican governors to appointee electors instead. Bring in cast Cassie Smedile with the rnc. Where are we with the latest challenges and the strategy if you will from the Trump Campaign . Absolutely, we have hundreds of signed affidavits from people, both political and apolitical who were from poll watchers to volunteers who saw discrepancies in the process. Who saw things that caused suspicion on election day. Those are being investigated. Those are part of these lawsuits. From our standpoint, our number one priority is to insure the integrity of this election. To insure that every ballot that was legally cast is counted as the voter intended. So that is where we are in the process. We are grateful that we have thousands of lawyers who have been on the ground since election day. Some case as little bit before to make sure that the American People can make sure their vote was accurately counted. Charles so cassie, what do you say to republicans who are saying this is fine. It is obviously, it is an option for the president it is within its rights but there should be some sort of a timeline and at some point a decision has to be made because election shenanigans happen and it has got to be clear enough of them happened, if they were all deliberate to change the outcome . What do you say to those, particularly republican asking those questions . Well, the Mainstream Media would have us believe that this is always, races are always called on Election Night and thats it, clean up. Pull up the tents and off we go. That is not it. We know that. We know in every election it has to be certified. In every election there are cases and discrepancies that have to be investigated. And by the way the election is not certified until the middle of december by the electoral college. So we are in a critical time but this is a normal time frame to do our Due Diligence and to do due process on our election process, our democratic process. Charles but to be clear, but to be clear the campaign, the campaign believes though that there are enough potential votes out there to change what the media has called already . We are certainly seeing a large amount of discrepancies that are worth investigating and thats what the media would want you not to believe. They want you to say, no, there is nothing there to the extent there might be something it is very par for the course what weve seen in past elections. Yet in every state there are instances were seeing that is not normal. In the pennsylvania with people who got there on election day were told absentee ballot already turned in for them. Theyre saying i didnt do that. We need to get to the bottom of. American people deserve to get the bottom of. Integrity of our election process we need to get to the bottom of. Charles i have got less than a minute but i have to ask you about comments dr. Fauci say he doesnt believe america should go in another lock down. He would like to see people wear mask, but joe biden advisor on his task force is floating the idea of a serious National Lockdown, up to six weeks. We know what has happened before with the lockdowns around this country. Most americans do not want to see it. What is the message you would have to joe biden and his team about the consequences of a national six week lockdown . Well, i would say to joe biden take your own advice. Believe scientists. Believe doctors. Listen to what theyre saying. You have dr. Fauci one of the most beloved doctors especially for Joe Biden Kamala harris they quote him often, dont do this. Not only does he think it will not have the intended effect but will have so many unintended consequences on the mental and emotional state and psychological state of americans. And by the way we have recovered more than half of the jobs that were lost prior because of this pandemic. We are in the right direction. The spirit of america is strong. Joe biden should not be allowed to do anything that would cause irreparable harm to the great progress that we are making under President Trump and republican leadership. Charles it is no doubt feels like joe biden is wedded to this idea no matter what. It worries a lot of people. Cassie, thank you very much. Always a pleasure. Thank you. Folks Deutsche Bank calling for a tax on those privileged to work from home. Kristin tate will react to that next. Black lives matter cofounder demanding a meeting with joe biden and Kamala Harris to go over their expectations for this administration. Is this the start afar left war . Blm coming to collect. Well be right back. O place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. Our own hopes and dreams. Well pass many milestones. Moments that define you. And drive you. To achieve even more. So, celebrate every one. Because success isnt just about where you want to get to. Its also about how you get there the all new 2021 cadillac escalade. 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Deutsche Bank Economists are proposing a tax of 5 on people who they say quote, are privileged enough to work from home to help fund workers whose jobs are under threat or who actually have to go in to work right now. The proposal had me pretty riled up this morning on fox friends. Take a listen. This is all about some sort of form of Economic Social Justice because you are, quote, unquote, lucky enough to work from home and you dont have to drive in. Save money on lunches, tolls, how about a 5 tax . Well take that money, give it to folks making 30,000 or less. Heres the problem. When you work from home, people working from home are not on vacation. Theyre working four hours more a week. Theyre taking 13 meetings than they did before. Their burnout rate gone from 49 to 70 . Youre kid needs attention. Our kid cant figure something out because the internet was down. This whole thing about school at home isnt working. It is such a utopian situation. Lets punish them being lucky enough to work from home. Another one of these hairbrained schemes that is not economic but punitive. Too much coffee this morning, folks. But now you know how i feel. I want to bring in Young Americans for liberty analyst, kristin tate. Another one of these things i see privileged or lucky, and i dont think its a true economic scheme but something that separates us and punishes us because some people are working from home. Theyre not on vacation. I couldnt agree more, charles. This proposal is another shameless attempt to collect tax revenue in the name of fairness. All this tax would do is penalize people who found a way to be product live while working from home. Instead, why not give desplaced workers pathways to get back to work . I much prefer helping people than harming people. We should be talking about tax cuts or even tax rebates for people who have lost their jobs. We should also be giving tax cuts to companies who hire remote workers. This would allow them to hire more remote employees giving displaced workers jobs. As we all know, charles, these kinds of solutions often fall on deaf ears. That is because leftists are only interested in taxing working people, getting more power, using the increased revenue to hire armies of bureaucrats to oversee Big Government programs. I mean the left has never met a new tax they dont love. Charles this one would raise apparently 48 billion in the United States alone that comes out of the pocket of hardworking middle class folks who are just trying to make it like everyone else. Exactly. Charles i want to switch gears to the other end of the spectrum, get your take on a new report says the richest new yorkers would devastate new york city if they left and took their 133 billion with them and signs are maybe this exodus we saw this summer could pick up again. Yeah, i mean people have been leaving new york for years. Covid just sped up that exodus. Thousands of people who are leaving are high earners. Why wouldnt they leave . New york City Residents pay some of the highest state and local taxes in the country, up to 12. 6 . That is before federal taxes. Violent crime is through the roof. These covid lockdowns are strangling the businesses in the city and vibrant culture that new york City Residents used to love. Sadly, charles, the people in charge of new york city are just doubling down on the policies that created this issue. Bill de blasio says he plans to raise taxes on the high earners who stay. There seems to be no acknowledgement new york city needs millionaires and billionaires to Fund Programs that the poor and low earners in the city rely on every day. Charles real quick, less than a minute to go, do these test have they crossed the rubicon, new yorks, san franciscos, los angeles, in the sense they promised so much and they have spent so much and their debt levels are so high they dont even have the ability to change course, to maybe cut spending, maybe bring down debt, maybe lower taxes . Can they even try that at this point . I do have hope, you know. New york city, i still think it is one of the best cities in this country but it is going to take the People Living there to wake up and vote in new leadership. Bill de blasio is ruining your city, new yorkers. Andrew cuomo is ruining your state. Their policies are the reasons why people are leaving and going to places like florida and texas. If they dont turn things around and fast, it could get much worse very, very quickly. Charles yeah it is not that much room on the gw going south, thats for sure. Kristin, thank you very much, appreciate it. At 2 45 california congressman elect, darrell issa, he is back, this is different kind of woke. They rejected a whole lot of liberal policies when they had a chance to vote on them. Economy is surging. How are you taking advantage . We have a legend with us to find out. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. And sweetie can coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Nellie young lost her devoted husband. Without him, things were tough. 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Far left protesters see vindication in a Biden Victory in a debt they are prepared to collect. You also go on to say if biden there will be police, prisons, deportations, ecological destruction and capitalism. So what do you expect of the demands to be in the meeting . I was talking to a lot of far left protesters spans from antifa to black lives matter and a lot of them said they think theyre responsible for the Biden Victory. They think they were the Energy Behind this and their demands include Green New Deal, medicare for all, 15dollar minimum wage. We want a lot of police reform, defunding, taking away police power. Theyre willing to be pretty aggressive. A lot of them actually said they plan to protest on november 4th, regardless how the election turned out. They say they will continue to protest. They feel like this unrest in the streets or threat of unrest is the way to drive home their message to the Democratic Party that you owe us for the victory now. We expect you to let us call the shots. Charles yeah. There is no doubt that a lot of people are saying hey, you know what . If it wasnt for us you wouldnt be where you are but how would they, how would the response be because recently joe biden has really appeared to try to at least distance himself publicly from the Green New Deal and some of these other things . There is no doubt about it that is where the energy in the Democratic Party is coming from . Yeah, there is a split within the Democratic Party. When i talk to my sources on the radical left they think that the Democratic Party is willing to cave to the demands of the radicals. They feel like they can push this and like the threat of mass movement, of street protests, potentially unrest will be enough. They point to you know, occupy wall street. Black lives matter, both of those movements began under the Obama Administration in many ways. They helped to define what the Democratic Party is since then. I think they also point to how reluctant democrats were this summer to condemn looting, to condemn some acts of protest that we saw. They see a weak spot there. Theyre willing to push it. Charles we always make the distinction between protests and riots but unfortunately peaceful protests are always hijacked when the sun went down. I guess we brace for summer of love 2. 0 next year. I want to switch gears. Youve been always passionate on the topic of china and what is happening over in hong kong. They tightened their grip. Passing a controversial measure that disqualifies any lawmaker refuses to acknowledge beijings sovereignty over the city. It is not getting a lot of news. I hate to say it, jillian. Feels like the world is not paying attention anymore. It is absolutely awful. They should Pay Attention because what happens in hong kong is one indication of bejings commitment to upholding international commitments. They had promises it would be one country, two systems in hong kong. They nullified that illegally with the National Security law which they passed effectively outlaws dissent. The newest stunt is complete take over of the hong kong legislature. The revenues says if you disagree with beijings agenda you are disqualified from serving as a legislature, a legislator, you saw this week all of the prodemocracy legislators stepping down in protest. Im very concerned about what is going to happen to them. Charles yeah. I just think beijing is more belligerent than ever. Perhaps feeling stronger after november 3rd. Jillian, thank you very much. Always a pleasure to have the conversations. Thank you. Charles meantime, folks, the 2020 stock market has been dominated really, dominated the attention of investors, right . We only looked at stocks but there are also Asset Classes out there screaming for our attention. They tell a message and really about opportunity as well as where were headed. You cannot think of investing in things, whatever you think of investing in things that hurt, when you drop them on your feet. Only thing you think about is gartman letter and publisher, dennis gartman. Those things drop on your feet have been floating like crazy, dennis. Amazing move in metals. Copper up 14 , nickel up 13 . Iron ore up 33 . Rhodium up 320 . Commodities are often supply and demand, it is crazy. Not really all that crazy. Commodities are going much stronger. Grain markets are particularly strong. Reduction in supply, increase in demand. You had a strong move in the cot on market and sugar market. This is something panned commodities. This is not something specific to the metals. People say when dr. Copper is acting viable, when dr. Copper is rising that is indicative of economic strength. I say dr. Copper has only masters degree, but when you put aluminum, zinc, aluminum together with copper there is phd in economics. When all of them are rising something going on. We have strength in the global connie. Most importantly you global expansionary policies not just on behalf of the fed, bank of england, bank much canada, ecb, reserve bank of australia, reserve bank of russia. Theyre all adding to their assets. That is inflationary. That is something people need to begin to Pay Attention to and shall in the future. Charles so should we be worried about the inflationary part of this . Should we chair and be happy about the growth, the Global Growth part of this story . I think it is the latter. I think it will be many years before we have the kinds of inflation in the 60s, 70s, early 80s. That will take a long period of time. Can you get Inflationary Pressure over the course of next two or three years . Yes, that is almost a given. It will be long time before we go to 7, 8, 9 inflation rates we saw four or five decades ago. This is indicative of economic. This is indicative of better economic environments coming forward the next several years. This is not something to be, to be fearful of at this point. I think this is something to be applauding and beneficial rather than detrimental, no question about that in my mind. Charles speaking of beneficial, we also have seen a pretty good move in gold. This morning Goldman Sachs put a buy on freeportmcmoran. That is good play on precious metals, gold and Something Like copper. Yeah. Charles our audience, particularly those who dont necessarily quote, unquote play the commodities market, is fcx is a way of getting some exposure . I think that is a very good way. It is the best way to get exposure, not just to gold but as you said to the Copper Market and to metals generally. If you want to be involved in the grain markets rather than going to the futures, go to the etfs, wheat, corn, and soyb, soybeans. A way to get involved there. Gold make it pure play, gld, the eft. Huge liquidity. You can do 10,000 shares, wont move market one or two pennies on bid offer. Enormous liquidity. If you want to be a, a public speculator, want to be involved in gold an copper and other industrials metals, freeportmcmoran is probably a very good way to go. I could not argue with that if i wanted to. Charles dennis, appreciate it. Always great when a legend agrees with you. I was a little nervous when i threw it out there. See you soon. Defund the Police Movement, thanks. Is becoming a hotly divided issue within the Democratic Party but how is americas Law Enforcement handling this movement . Has the woke, finally woke ken up in california. They rejected a series of regulations when they had a chance to vote on it. They elected congressman darrell issa. He will join us next after the break. Your journey requires liberty mutual. They customize your Car Insurance so you only pay for what you need. Wow. That will save me lots of money. This games boring. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles House Speaker nancy pelosi refusing to denounce socialism as she works to lock lock down enough votes to secure our job. Slowing dance like defund the police were responsible for the elections on election day. Jackie deangelis. Reporter House Democrats managed to hold on to the majority in the 2020 election but they suffered serious defeats in key districts. This year shows us there is less enthusiasm in far left policies than the democrats thought. It is shifting their thinking on some key issues. Now some members are even acknowledging that the word, socialism, so polarizing it could cost them. Virginia democrat congresswoman Abigail Spanberger said on a caucus call, quote, we need not ever use the word socialist or socialism ever again. Ever again. People think it doesnt matter it does that. It goes a step further than that. Jim clyburn one of the more outspoken moderate members citing the defund the Police Movement specifically for their less an ideal showing on november 3rd. Listen to this. We keep making that mistake. This foolishness about youve got to be this progressive or that progressive. That phrase, defund the police, cost Jamie Harrison tremendously. Reporter once more, charles, the more progressive democrats are standing by their attempt to reform policing aoc is one example. The squad also refusing to back down. Aoc is aligned with justice democrats a far left groups, one of four leftwing groups who signed a memo urging democrats to embrace blm. Blm called for slashing Police Department budgets. Charles . Charles jackie, thank you very much. Meanwhile there, are now folks, signs of intelligent life in california. Finally citizens there are beginning to vote in their own best interests. The Republican Party actually picked up four house seats in the golden state. Voters rejected new regulations on the gig economy as well as cash bail. Also voting down a plan to revive affirmative action which is really in my mind so noncalifornia, they also voted to expand Consumer Privacy laws. What the heck is going on . Bring them in. Republican congressman elect darrell issa. Theyre giving him another shot as a matter of fact. Congressman elect great to see you. Is there, what is going on, is there a stealth revolution in california . Charles, good to be back. Im proof california can recycle just about anything. It keeps working. The fact is this resurgence, at one point we were down to six members of congress. Well be apparently at 11. Is part of what happened on november 3rd but one of the key items. It wasnt, it wasnt money. It wasnt your uber but the trying to reverse the civil rights initial tiff, prop 209, of a quarter of a century going and going down to defeat with 57, 58 is a real sign that there are some things that these voters are very sensitive to and one of them is, that equal is equal. In a sense it was the voters, you know, saying look, ive had enough of black lives matter. Ive had enough of preferences and quotas. We just want everyone to be treated equally. When we hear asianamericans will get thrown out of college so we can go back to the preferences that had a lower graduation among minorities than it is today. The Graduation Rate has risen by using merit rather than the color of somebodys skin. These are things where it is very california is not as far gone as people thought. Lets not kid ourselves. Joe biden got four million votes than donald trump in california. There is a lot of work to do. Charles there is a lot of work to do. I dont want to get too sidetrack what we would discuss, Supreme Court ruling, harvard and asian students is a disgrace. I hate to say it. Again this country is all about who works the hardest, meritocracy. I just, maybe they need to have a National Association of asian people to sort of help them with these kind of things because theyre getting the short end of the stick for just being successful. I want to circle back to you and your election. What what do you plan to do, now your hopes, now youre taking second bite of the apple . I will do a more of the same. We passed a lot of legislation that will make government more transparent. Im making sure that we do that. The reality is this election has shown us in the 20 years since i was first elected in bush v. Gore till today, we still havent fixed and created a predictable, honest Voting System that can be relied on by people in one state that they know it is going on well in another state. You know many people are pretty comfortable with their voting in their state. Unfortunately cant be comfortable with who the president of the United States is if they think other states are able to cheat. Those are two areas that will come up very, very quickly. Obviously if President Biden becomes a household word, were going to have to look at his priorities. As you mentioned going into this, were going to as republicans help him be the moderate democrat rather than the progressive democrat that his party would like him to be. Charles before i let you go and weve got a minute to go, with respect to elections, could there be a uniform standard . I mean should mailin ballots counted as they come in, rather than waiting until after the election . Should there be a cut off date . What are some of the standards that should be out there to improve the integrity and cut down on any future controversy . Well a National Standard is our right. Weve just never asserted it. So three or four things very quickly need to be there we need to have the recognition that you ownly get to vote once in america. We need to have a centralized database to know where youre registered, if you move you dont end up getting two ballots. Charles right. We need positive i. D. And candidly we need to have uniform rules about when voting can begin and when voting will end and when they would then be announced. I think those three things can be worked on legitimately on a bipartisan basis if people were upset in 2000 can get together with people that are upset today, we should be able to set legitimate rules going forward. Charles good luck. Congressmanelect issa. Good to see you back in the saddle. Well talk to you real soon. Thank you. Charles stocks are really drifting pretty hard Building Momentum to the downside. As earnings season wound up. Pretty big names reporting after the close including disney. We have preview for you there and some last things to consider before the closing bell. So stay with us. Or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 is 300 for 339 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. 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. Charles stocks lower as we head into the final hour of trading after a bloodrushing start to the week. The action has obviously slowed down. Investors now probably wonder what the next catalyst will be. Meanwhile, 459 s p names have reported. 84 have beat the street. I want to bring in delano paru. I first want your assessment of this market. What are we seeing as this move to the downside starts to pick up momentum . Thank you, charles, for having me on. Yeah. This is such an interesting market time as all things in 2020 are things we havent seen before. I think the market is weighing a few things. One, obviously we have the postelection and we have the rise in covid cases so the markets weighing these Different Things and trying to understand where its going next. We also saw the news on the vaccine as well. So we did see the rotation out of the Growth Stocks into value and now yesterday, we saw a little rotation back into the Growth Stocks but today, most things are down. Some of the growth in pandemic stocks are higher but what the market is trying to understand is where we go from here. Where is the bigger momentum going to be between, you know, covid cases, restrictive measures possibly from states, as you saw in the College Sports landscape, you saw games postponed. Investors are trying to weigh those things out and make a decision and determination on where things go forward. Charles im watching all the headlines today and not one was a knockout punch but they felt like a bunch of jabs, right . Lot of things as you had Christine Lagarde and jay powell speaking at the same time, and they didnt sound very confident and more and more are concerned about stimulus not happening. We know 1. 8 trillion was on the table. Mitch mcconnell again saying its not going to happen. Joe biden saying he wants 2. 2 trillion and a lockdown. Thats not going to happen. So all of these things feel like little bitty things that sort of are taking some of the air out. After the bell we see big names reporting, including disney, cisco, applied materials. Most specifically, everyone will be looking at disney. What should we be expecting there . Thats a good question. Disney is something that we are seeing a shift to the directtoconsumer market. We saw one of the big catalysts is obviously what they are doing with disney plus. Breakneck growth we saw when they unveiled and they are still having breakneck growth. Whats going to keep people there is content. The content is what they are battling with with the other streaming platforms, netflix, you have the different areas. Platform is the biggest thing we want to see from management. Whats the plan for content . We saw kind of the tipping of the hand from management when they announced the restructuring and sort of the layout. That gives us kind of a play as to what they are thinking going forward. But the biggest thing, they have a diversified business which is good, which is great. They have a diversified business that obviously with sports being back on tv, you saw nba finals which is wonderful to watch. Im a laker fan, lebron is back, im happy for what they did but we want to know what they are doing with diversified business, directtoconsumer charles let me jump in because we only have a minute to go. I hear you on everything but most of that diversified business has shut down or mitigated dramatically. There have been calls for them to forget about the dividend and go gangbusters, spend billions, even take over a rival. Should they really be committed to what you are talking about, particularly if they arent getting anything from the rest of their business . Do you want to see them go after that position, perhaps even netflix, would that be good if they could pull it off . I highly doubt netflix would be able to pull it off but yes, they need to put their chips behind the directtoconsumer strategy. I 100 believe in that. Charles got to let you go. Great talking with you. Meanwhile, we are near session lows as i hand it off to liz claman. Again, it wasnt just one thing, liz. Just a bunch of things here, just no confidence. Wall street is grappling. They need something to hold on to after that big vaccine news on monday. Liz well, yeah. We will try and do our best but youre right, weve got a cascading effect of new hour by hour lockdown announcements across the country that are spooking the markets. The dow and the s p buckling under the weight of rapidly rising coronavirus cases. Dow losing 420 points, the s p down 47 and the nasdaqs march higher interrupted. It was up 61 points. We now have lost 100 points. Low of the session, 109. We are going to be watching that. We appear to be heading tow