Of come night chinese . We have Monica Crowley coming up the deadly fires, how much of the carnage could have been avoided well have liz peek on that. And so much more on making money. Charles so far the markets have begun the week on a very solid footing after seven sessions of wild gyrations. The result though on fridays session might have been the basis for todays rebound. You have a couple wall street firms think the selling is over but for two different reasons. Goldman thinks the selloff hit a normal 7 pullback. Deutsche bank says the put call ratio about options have come back to a normal position. Either way the stocks are coming back with assist from positive news on the coronavirus front, then we have megamergers. Is the worst over . I want to bring in kevin kelly, moneymap e map chief investment strategist Shah Ghailani and Gibbs Wealth Management president erin gibbs. Let me start with you, erin. Is the worst over . I think the worst of multiday declines, 11 drop is over. However i think we should be ready for a roller coaster. The vix is very close to 30, staying over 25. Typically what we look for in the future. Which means, i dont want to get too technical, generally the market will move 1 1 3 a day on average. Those are big day moves. So you might get a couple two or three days where it is down half a percent and it pops back up and right now the it is telling us this will not stop until the election. So just be prepared for a role every coaster. But i think the worst on the downside, yes, is over. Charles all right. So buckle up, boys and girls. Meantime, shah, you say there is no concrete proof that the worse is over. What exactly do you need to see . Well, first of all, charles, i see the breakdown really in all of the major indices and this is the first time they have really been challenged since the march lows, especially the nasdaq having fallen into correction territory very quickly is way outside the uptrending channel in terms of technicals. I think it has a long way to go before it gets back up and recovers. Into this well have to see Retail Investors come back in to buy this dip. They have been the driving force behind this market ascent. If they dont come in to buy the dip, yes theyre buying some today, but theyre really nibbling around the edges. The market opened up higher. They havent had a chance to buy today. Im apprehensive of this rally to see if this rally that were seeing today has legs. Charles right. Kevin, youve been really bullish throughout all of 2020, particularly at the moments almost everyone else was afraid. Were you shaken up at all in the last couple weeks . No, not at all. I actually think it was basically a great entry point for long term investors, especially in names you can know and love. Especially a name like nvidia. You could have bought as much as you want on friday 485 a share. Look at it today, right . It has great longterm growth ahead of it, not only what their core competency in the gpus but cpu market if the deal is done with arm holdings. You know it, was just, a normal, seasonality, september, october, heightened volatility types but you know what . Great entry point if you have a Shopping List which i did and i was buying. Charles all right, great. Speaking of nvidia, this is part of a series of megamergers announced, 70 billion, nvidia, 40 billion, gilead had 21 billiondollar deal, verizon a 6 billiondollar deal. Nvidia i think it is the most important name in the semiconductor world but there are a lot of new names emerging in technology. I think it is changing the whole outlook. Shah, youve been really good on some of these. I know you like nvidia. There are other names household names should be in peoples portfolios . There is nothing that im looking at right now, only reason being i think the ones that i have interest in, had interest in are really a little overpriced. Again if im looking for a bit of a pullback which i am, five, perhaps, as much as 10 , some of those new names might be enticing. Up here all of the new names i like are way overbought. Again, i just think that the timing is tough to get in now. Charles all right. Folks i want to talk about the cpi report, Consumer Price index. Came out on friday. Here is the interesting thing. For the most part we always talk about with respect tote federal reserve, inflation, maybe the feds ability to hold down rates indefinitely. But also for me, its a guide to investing. Think about things going up in price, how it relates to the stock market. Sewing machines up 15 last month. Look at michaels, up 28 last month. Men and Womens Clothing up five 1 2, 4. 9 respectively. Pbh has been the biggest winner for weeks. Capri is hot. Used car sales, forget about it, the highest monthly gain since 1969. Carmax has done pretty well. Rental cars written off because of the big bankruptcy, avis was looking phenomenal. Rental car prices up 4. 6 last month. 4 in the month before. I always say Pricing Power, that is what drives stocks. So im curious, erin, Pricing Power for some of the names that youre looking at that may be worth a, our viewers to take a look at . One, i think it is twofold. One, think of it is as moving to the suburbs, what do you need in the suburbs . Car obviously. That is one of the big ones. Home is where the money is, anything that is home, you cannot buy, home depot so so back ordered so hard to buy some basic things. Then Pricing Power is also, really getting things down to it is actual materials. You cannot get new lamiger. Some new lumber. Guys in pickup trucks go to chicago to go find lumber. When it comes to anything related to home improvement, construction, materials, for those components, all of those are really strong with Pricing Power right now. I dont see that trend changing in the next 12 months. Shortly quickly, home depot, lowes, sherwinwilliams, these are really, lennar homes are related to that, this new normal of do it yourself and homeownership. Charles right. I agree 1000 . In fact those are the two strongest groups on friday. They look great again today. You like one much these spacs, one has Pricing Power, people should look at it. It has been a hot market for blank checks. One of the best ones that i think is going to happen in 2020, when lca, will turn into Golden Nugget online gaming. They focus on the igaming aspect, table games, slots. Tillman fertidas company spun out, online form. Important to note theyre profitable unlike draftkings which had a similar situation where it went via ipo a spac. Now trading up 400 or what have you. Charles phenomenal. This is the way to go. It will happen in the next couple weeks, to have that catalyst. Charles if they can follow draftkings which broke out last week, up again huge today, or penn gaming forget about it. People will make a ton of money. Shah, you talked about overall these investors coming back into the market. What is really interesting for all the hype about how individual investors have been in, i think people would be surprised to know that Stock Ownership still has not recovered. Are we going to take President Trump . Has still not recovered from Great Recession highs of 60 . I think it is going to recover. Charles hold on a second, folks. Lets take President Trump for one second. He has just arrived. Well take President Trump. Well be right back. President trump obviously Forest Management in california is very important and now it extends to washington and extends also to oregon. It has to be good, strong, Forest Management which ive been talking about for three years with the states. So hopefully they will start doing that. Meantime were helping them up out in very big way. We have the best people in the world doing this. We have all of our people from fema. We have Law Enforcement here. We have the army corps of engineers. We have basically some other military and military operatives that do this. And im going to meet with the governor right now, gavin newsom. We worked very well together. I approved the Emergency Declaration as you know and i think well have a very good meeting. I think you will be able to go in, take a few pictures, a shot. We may or may not keep you there. As far as im concerned i would be okay with it but maybe, maybe the state would rather not have that and that is okay with me too. So were going in right now. Then were going as you know to arizona. Were meeting with a very great group of people, hispanic people, who have done really well and they understand exactly whats happening and weve had tremendous support as you know and you can see, from probably everything including polls. I dont give a lot of significance to polls even though weve been getting very good polls. We just to the a very good one from rasmussen as you probably saw. And we certainly got a very good one from within the republican party, 95 to 96 . So were going to do our meeting now with the state officials including the governor. And then i will see you in a little while. Ultimately, were also giving seven medals to seven great, really heroes, really, truly heroes. I look forward to doing that. Well be doing that. Well have a little bit after press conference inside. Okay. Reporter what would you like to see specifically done on the issue of Forest Management and it is possible, Forest Management and Climate Change, it is both things . I think something is possible. I think a lot of things are possible but with regard to the forests, when trees fall down after a short period of time, about 18 months, they become very dry, really like a matchstick and they get, you know, there is no more watering pouring through, they become very, very, they just explode, they could explode. Leaves, when you have years of leaves, dried leaves on the ground, it sets it up, really a fuel for the fire. So they have to do something about it. They also have to do cuts. People dont like to do cuts, they have to do cuts in between. So if you do have a fire, it gets away, you will have a 50yard cut in between. So it wont be able to catch to the other side. They dont do that. If you go to other countries, go to austria, go to finland, many different countries, they dont have i was talking to a head after major country and he said were a forest nation. We consider ourself a forest nation this was in europe. I said that is a beautiful term. He said we have trees far more explosive, he meant explosive in terms of fire but we have trees that are far more explosive than they have in california and we dont have any problem because we manage our forests. So we have to do that in california too. So i will go do. Well see you in a little while. Thank you. Reporter mr. President , you mentioned about Forest Management charles all right. Folks, President Trump just arriving in california. He will be meeting with gavin newsom about those raging forest fires, just now really expressing really in depth knowledge of the issues there with respect to the forest fires. Seems like were on the verge, we should have a very good meeting with both gentlemen. Hopefully well hear more. He will get a briefing about the California Wildfires a lot of folks are wondering though, how much the state might have made itself more vulnerable for destruction with the slew of out of date regulations and selfdefeating policies . Liz peek will weigh in on that right after the break. Oracle emerging as the winner as a partner with tiktok. Will the deals terms work for President Trump . I will ask Monica Crowley from the Treasury Department at 2 20. . Overdid what . Well planned, well invested, well protected. Voya. Be confident to and through retirement. This was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. If you are ready to open your heart and your home, check us out. We thought for sure that we were done. And this town said not today. Guys guys safe drivers save 40 safe drivers save 40 safe drivers save 40 thats safe drivers save 40 . It is, thats safe drivers save 40 . Hes right there. Its him safe drivers do save 40 . Click or call for a quote today. Safe lookentertainmentour experience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. Charles break being right now, President Trump just landing in california a short time ago. He will receive an update on these devastating wildfires that have been burning in california, oregon and washington in at least 35 people have died in the fires as thousands of homes have been destroyed. Foxs Christina Coleman is in monrovia, california, where the bobcat wildfire is raging nearby. Christina . Reporter hi, charles. Yeah, this bobcat fire is going strong. More than 800 firefighters are working it right now. A lot of them are out in the mountains that you see behind me. There is the u. S. Forest service as well. You have a number of trucks driving by, trying to clear out dry brush in this area. This fire is one of 94 that is burning in the west right now. The bobcat fire has gotten larger since saturday, burning more than 36,000acres, and forcing more evacuations, the scorched land makes up some three million acres recently burned in california alone. At least 24 people have died from the fires in this state as crews work tirelessly to try to get the fires under control. President trump as weve just seen is in sacramento. He is about to get briefed on the wildfires with California Governor Gavin Newsom and other local, state and federal officials. Meantime smoke pollution is a big concern. The air quality has ranged from unhealthy to hazardous. The west has the worst air quality in the world as fires ripped through washington state, california and oregon. Recovery missions are underway in oregon where 10 people have died and more people are still missing. Fastspreading wildfires completely wiped out some small towns in oregon, forcing half a Million People to evacuate. Many returning to their homes to find nothing but rubble. Ive never seen the last few years, i mean, we pray now, gosh darn it, we were lucky we would get through this summer with no fires. Well, you know, i, there is something going on, that is for sure, man, because its one thing after another. Every summer were burning up. Reporter also more red flag warnings are in effect for much of the west as more dry and windy conditions are expected over the next few days. Charles . Charles thank you very much, christina. Mean while democratic president ial nominee joe biden also addressing the wildfires today but from delaware. Biden blaming Climate Change for the raging fires but a scathing article in the economist says, quote, much of californias mess is of its own making. It has made itself more vulnerable with a litany of out of date regulations and selfdefeating policies. Joining me Fox News Contributor liz peek. Liz, when i see an article like that from the economist, which is very leftleaning, would make any excuse possible when it can, it really gets my attention. And they lay it out there. All of the things that people complained about in california years and it keeps coming back to haunt the state and its citizens. It is really scary now. There is no question, charles. This is a tragedy, several decades in the making, and it isnt to do with Climate Change. It has to do with bureaucratic bungling. You have two things going on. One, beginning, several decades ago a cutback in Timber Harvesting or logging in california which really reached a crescendo, if you remember, 2008 courts shut down log, you guessed it, the spotted owl. That is one big problem. Secondly they scent maintained their forests. Every reason to think trump is right, this really can be solved. In fact in 2019, january, trump signed an executive order encouraging better Forest Management. And by the way gavin newsom also went along with that. They know this is not Climate Change. This is a reluctance to get in there, spend the money, not just Timber Harvesting, but also clearing out all the brush, as trump said, acts like a fuel. Charles right. By the way there is a second element which is the state allowed just unmitigated development in areas where there is a highrisk of fires. So 10 years ago, 20 years ago, would you have fires like this and very few homes would burn but now you have 11 million californians living in areas that are highrisk. That is unconscionable. That should have never happened. Charles it really shouldnt have. By the way, trivia for you. The spotted owl is almost extinct anyway. Apparently it has a larger cousin that has moved it out. It moved into its nest and actually killed off the smaller spotted owl. All of those logging jobs, other things happened because of misguidedness is crazy. Before i let you go, what do you think then, why, if everyone knows all of these things, i mean, listen joe biden, this kind of works for his campaign which is now supposedly going to spend over five trillion dollars in part to