Underway at the masters, while one of the trail blazing golf legends is one of my winners of the week. All that and so much more on making money. Muck charles well, markets rerutted out of the gate erupted out of the gate nicely, but the tale has been the case all year long. The emergence of buyers yesterday is when youve got to watch out. In the final hour of trading all year long, thats when you know the next day is going to be big. Shakeout sessions are becoming somewhat more predictable. To the pros, they buy into these dips into the close, and then the next day the market opens bigger. Put that on your notes for how to make money. Now, there continue to be some dark clouds including, of course, covid cases, a lack of fiscal stimulus and just exactly what the fed is doing because so far not what they promised. In fact, the ecb is doing a whole lot more pumping than [inaudible] meanwhile though, earnings remind investors of fundamentals. Great earnings reports include disney, cisco
Town halls. Who came out on top . I will ask. Also coming up, pfizer announcing it will hopefully be able to move forward with its vaccine next month as americans try to hold out hope. We have the very latest on the trials and how they impact the investing. Of course, its all about your bottom line. We will talk about that at the bottom of the hour. All that and so much more on making money. Charles all right, folks. The markets bolted out of the gate initially powered by higher than expected retail sales through september. Huge number, crushing wall street. In fact, overall, up 1. 9 . The street was looking for up. 7 . More than 300 more above the 0. 4 in consensus and the control group which goes into the gdp report, up 1. 4 . Department stores, they saw a huge rebound, clothing popped as well. Even the internet, its interesting, though, because it had a more pedestrian move. Meanwhile, restaurants, they picked up really nicely as Grocery Stores seemed to have plateaued. Auto sales w
Show. The liberal governors of states like new york and connecticut say they are going to review a vaccine before the federal government hands it out in their states. Is nothing safe from politics anymore . Weve got a big show for you on making money. Charles all quiet on the stock market front or at least it seems that way. You know, its just been another reason why trading in september reminds me of warfare. Theres been no doubt that the bears have had hah have had the upperhand this month. Both sides are digging in. The economy continues to show greater signs of life every day. We saw Business Investments come in better than expected. We saw great numbers on housing and manufacturing and yet money has been fleeing equities. This week the third biggest outflow from u. S. Stocks in history which continues a trend thats been in place for a long time all yearlong. In addition, according to the American Association of individual investors, bullishness has plunged to less than 25 . So how
Wake of tragedy. Charles joe biden is there right now as we look at 2001 and why we came together back then and just why now we seem to be tearing ourselves apart, all that and so much more on making money. Charles its been a rough couple of weeks for the market which is obviously more vulnerable now than its been in months, on this solemn day for the nation, the stock market itself has to pass a big test, but, you know, the situation is the s p 500 has to hold above the 50 day moving average. I will say Technical Analysis is not an exact science, so a slight slip below is forgivable, but when it does hold, you know, historically it revives the sagging rallies and we get a big move to the upside. The question is of course what will the upside look like . Will investors seek out the same names that obviously before got too close to the sun or is it time to find new opportunities . Lets ask rob luna, ceo of a Financial Company and on the phone with us Capital Wealth Planning chief jeff [
Family. Mike bloombergs gaffs are growing by the day. Latest insult hurled at farmers. He defend it. All that and so much more on making money. Charles individual investors are getting in a really good mood. The nasdaq up 8 1 2 in 2020. All the markets are closed today, nasdaq and s p did close in record territory on friday. Earnings continuing to have a monster quarter. Revenue up to 30 trillion, that is a three month period for Companies Reporting from the s p. The next pig one big one to report will be walmart. Whether the economic momentum will continue, advisor to President Trump, steve moore. Steve, thanks for joining us. Hi, charles. Charles lets start with this proposal other potential proposal to help americans get started in the stock market. How would that work . Let me be clear this is just a proposal. The white house and my buddy larry kudlow are working on a lot of ideas but one of the ones were interested in a cut would allow people to put 5 to 10,000 he have year, charl