Bret youre welcome. Good evening. Im Bret Baier, we have new Polling Information Tonight about the president ial election in two crucial Swing States. Thats coming up. House lawmakers meantime tear into the Secret Service over the first attempted assassination against former President Trump, that is the subject of tonights common Ground Segment new Yorks Mayor resists calls to step down after being charged in a federal indictment. But, first, were awaiting landfall for the powerful Hurricane Helene. Along the florida panhandle. This going to be a Multistate Event with potential for significant impacts. Every minute that goes by brings us closer to having conditions that are going to be simply too dangerous to nav navigate. Going to come a point where we Cant Rescue you. I convince myself that it is safer to leave. A little bit nervous. Me against Mother Nature right now. Bret helene is bringing heavy rain, high winds. Predicted to be a massive Storm Surge. Tens of thousands of commerce
Secretary mnuchin resuming talks and as carl just said, stocks are set to rally at the open despite ongoing fears, where are the opportunities for investors . Were going to have a look at the sectors and the stocks that could still be poised for growth in this ongoing and still a covid market as we say, carl, with cases at highs in many states yeah. Indeed though, jim, although there is a lot going on this morning, got to start with the chip story you made the wires by suggesting that xilinx may not be ready to sell. I had the ceo on in august, hes so excited about all the new markets that hes going into hes talking about video, live video streaming hes coming into, auto exposure. The problem is every one of those dove tails perfectly with advanced micro i can see the ceo saying all the areas we need to be strong in, xilinx can give it to us i also see that victor, when he was on, was saying, this is new for us, were just doing this. This is not like when altera was going to be sold to
Because we are riding the rails. Why now could be the perfect time to get on board with the train stocks stocks pushed higher again today on renewed hopes that a stimulus deal will finally be on the way. They closed out their best week since early july the strength was broadbased semiconductors, home builders, retail, transportation stocks. All of those hitting record highs in todays session but we are about to kick off earning season as well lets pose this question to you, steve grasso how are you positioned heading into a week, few weeks and maybe a couple of months full of micro economic catalysts i was a little toerlz staeart the rotation into value tech now that we see chances of a biden win are increasing, you dont want to be in an inflationary environment you dont want to be in tech with a biden regulation because there is a Regulatory Risk you will have inflationary risk and cap gains taxes are going to double you want to sell your winners now. Thats where everyone crowded into
Out of congress as opposed to just these executive orders from the president that are taking quite a bit of heat over the weekend. Yeah, look, david, i think that there is a sense initially that it was a white house grab and it kind of went through the weekend, there was a recognition that, wait a second, maybe it is a grab if youre going to give 400, 100 has to come from the states and many of the states including red states are in trouble. The thing that is most compounding people is that 12 of the people who make 80 to 100,000 get this bizarre payroll tax cut when the problem is not the people employed but the people who are unemployed. I think that its arer so counterintuitive our old friend larry kudlow always believed in that. We have secretary mnuchin right now, which is terrific lets do it lets do it. Go ahead, jim. Mr. Secretary, always good to see you on squawk on the street. We get a little bargaining done on the show. How have you been . Good morning. How are you . Im doing
Its the fed on a day where the fed presented the monthly heati lly meeting, surprise we heard endless chatter how the stock market is in a bubble of the feds making. After a good day, the dow gained 160 points and nasdaq fell to 1. 35 . You need to know that i think this is totally nuts yeah, right. The all powerful fed created an environment where equity is the only asset class worth owning and bonds are for suckers. Its our central bank with the illuminati and free masons im sick and tired of hearing were in a bubble that the feds over inflating the price of stocks by printing money to keep the economy moving believe it or not, there is more to the economy than the Federal Reserve and certainly more to the stock market first, im not saying the fed doesnt matter of course, its important. They could raise shortterm rates to five and that could crush the stock market that would make the bears happy. I can hear them coming on air and praising the fed for giving investors a reasonable al