Market watchers coming up. All that and much more on making money. President trump i shut down talks two days ago because they werent working out. After that, we got back, both sides very capable. We got back, we started talk again. Were talking about airlines and bigger deal than airlines. Were talking about a deal with 1200 per person. Charles well those stimulus comments by President Trump helping boost the market today until nancy pelosi said there will be no airline help without a bigger bill but talk needs to translate into action between both sides that has to happen fast before something, certainly before the election. So what is going to happen . I will bring in now Tennessee Republican senator marsha blackburn. Senator blackburn, we heard, we had a great lively interview with President Trump this morning on our network. It is pretty clear he wants to get something done and something done immediately. Whats the latest right now . We know that the president does want to get som
Putting your money . Plus yesterday we brought you our america invests together virtual town hall. Well continue to answer your questions. As violence erupts across America Joe Biden tries to separate himself from the rye oats as he visits the ratest hot spot kenosha, wisconsin. His message of law and order is beginning to close the gap. All that and much more on making money. Charles the meek shall inherit the stock market rally. Dow jones industrial average, finally broke into the clear yesterday, out of the shadows of nasdaq and s p with a strong performance. It moved the index back above 29,000. Three major equity indices are floundering. It is clear money seeking out blue chip names. Within the s p 500, biggest losing sectors for the year, theyre coming on with h with gangbusters. They are universally loved. Stocks associated with reopening the economy are dominating the toppersage gainers, cdc there are reports out they want states to be ready for Vaccine Distribution by november
Portfolios. And nba players boycotting basketball games following the Police Shooting of an unarmed black man in wisconsin. Were going to get the thoughts of one of the black speakers at the Republican National convention. Mark meadows and nancy pelosi scheduled to speak at 2 30 does any of this job news wake up congress . Ill ask senator Marsha Blackburn. Weve got a big show for you on making money. Charles its been a day of significant news that keeps really a positive tone to the overall market. First off, Federal Reserve chairman Jerome Powell announced significant changes to policy approach in part to really the goal he says is to truly create maximum employment that would help all americans. Meanwhile, abbott labs receiving approval for a 5 covid19 test which further underscores we are getting closer to containing the virus. Its no coincidence the dramatic incline in cases coincides with the dramatic rally. The conundrum for investors is whether to chase the winners or buy the la
The pain. He is here along with senator mike braun. China is firing back as the cold war between the two countries heat up but i continue to ask this one question. Is this big business silence same thing as collaborating with the enemy . Will big business join the fight . We have blockbuster panel to weigh in that. All and much more on making money. [. Charles its a down day for the markets which was not overdue, not sparking any real alarm. The rebound moved from erasing 20 20s losses to try to distance the fastest bear market in the history, now to the point where you want to broaden out winners if we are to keep this rally going. There are sufficient reasons for concern and near term valuation, coronavirus, long term growing debt and u. S. President ial elections but i got to tell you the s p and nasdaq higher for the year. The question will the dow join them soon . I have Fitzgerald Group principle, keith fitzgerald, David Nicholas and point view Wealth Management david dietze. I w
Briefing. Well bring it to you live from the white house as soon as it begins. We have a big show for you on making money. Charles folks the broad market trying to rally without the big growth names right now. Ive been pounding the table during these periods of socalled rotation. Dont get blinded by headlines or news that the market is down. Because these value names simply do not carry the broad market but they can make you a lot of money. I think it is critical for the overall rally to broaden out you need more winners. I will bring in two of the best right now and discuss where theyre investing. Fitzgerald group Keith Fitzgerald are and kingsview, Wealth Management cio, fox business contributor, scott martin. Scott, material names have been up. Industrial names have been up. Theyre very tiny fractions of the dow, s p, nasdaq so the overall market will not be up but there are big winners there. There are, charles. I like your call. Feels good to having the fangs go up every day like