The Political Panel weighs in on that plus a new poll showing a real conundrum for voters in the story that blew me away, we will introduce you to a 15yearold business owner, a 15yearold business owner. All that and so much more on making money. Charles washington spending trillions of dollars again to help the economy, a lot of the economy has already come worrying back and in the process the rich have gotten even richer, everyone else seems to get more better and moreover blaming capitalism saying it did not curve the debt and come up with solution needed in the age of coronavirus. Affords headline says capitalism is failing us just when we need it most. In ap news headline, from the pope, marking capitalism has failed and pandemics means reform. Many of the critics of capitalism have never been fans but the jobs disappearing in 2020 is giving them a much bigger soapbox, is capitalism fading and how does the narrative change, lets ask a champion of capitalism, steve moore, they are coming at you from every angle same premarket capitalism did not work this time. We are very proud of what happened with the tax cuts in the deregulation and the Energy Policies and the trade deals. We really did have the best economy ever at the end of 2019 before the pandemic hit, it really does show the power of the premarket ideas, then we got hit with the pandemic and obviously interrupt the economy in so many ways and we can have an argument about how the Trump Administration handled the crisis but the fact is, i am with you, i think this economy is coming back rapidly as anybody thought, my goodness, the federal reserve, the c. B. O. And most of your wall street who are economist predicted we saw 12 13 unemployment down below 8 . The thing that you and i have had the argument about over the last few weeks, whether we even need a new stimulus bill and im not so sure that we do, you take the training wheels off and you let the economy heal and im not so sure the spending and borrowing is good for the economy. Charles i think what people are pointing to, if you look inside the numbers whether the roaring stock market, the jobs, the housing gains in those kind of things that there are still 20 Million People giving some form of Unemployment Benefits or 12 Million People short, lets face a lot of jobs are going permanently because a lot of businesses are going permanent permanently, some of that same local stuff has nothing to do the federal government but its all blamed on capitalism. In good times is fantastic but in a disaster where now people are talking about universal basic income and the pope is saying we need to reform it, how do you push back when people are saying right now that you have millions of americans who are in desperate need of help. Capitalism i think everybody agrees is the goose that lays the golden egg, it created an amazing economy that we thought in this country for hundreds of years. Also the fact is we have abandoned capitalism this year, we abandoned it, we have not allowed our businesses to open, we have the government, the federal, state and local government telling businesses when they can open if they can open, how many people they can out of the stores and restaurants, that will do significant damage. My own feeling right now, i dont care how much that they spend in terms of washington if you dont allow the businesses to have customers and you dont allow them to open their doors and dont allow them to hire people, there is no way youll be able to come back. Open up the economy, get the schools open, get the businesses is open in the stores open and i think youll see a robust expansion. I really do. Charles right. A minute to go and i know youre a fan but the fact of the matter it feels like somethings going to happen as senior official telling fox business that minute it will present a 1. 8 trillion counter offer to nancy pelosi. Do you think she will take it, this is a lot of money to your point in addition to all the other trillions, do you think theyll stop playing politics and check the box . If you actually think the stimulus is good for the economy and trump does and pelosi does then put aside your differences, cut it down the middle and get it done, the big hang up his blue state bailout which is an unfair to the people and living in red states i have to be a lot new york and connecticut and illinois in new jersey but i think they are getting really close and that would be quite a victory for donald trump with three or four weeks to go with the election, thats why pull oc may not want to hand them that victory. One other quick thing, you talked about government and stimulus, the socalled kshaped recovery, were bailing out the big businesses, what is it 25 billion for the airlines, a lot of the Small Businesses are saying how is that fair that we allow the walmarts in the big businesses to operate but we shut down the small ones, that is not fair. Charles happens every time, whether its banks, the automakers, big states, there is no accountability for any of the large entities whether states are big businesses not to be reckless with their own money because they know they can always get a check from the market taxpayer and that complicates the issue and makes it tough, that is why we have you. Thank you very much. Thank you have a great weekend. Charles the rise in the stock market, the great news anyone can be a member of this club, by the way it is not to participate, on that note let me bring in my panel two of my favorite, president heather and rob a ci company, all right heather, the old saying dont heed the player, hate the game but when it comes to the stock market it should be tweaked a little bit, become a player in love the game, why not mimic the rich instead of all the scoring that we read about. Absolutely, the s p 500 had the best week over the past three months if you can believe that the markets are moving higher on the stimulus help and whether or not we get the 1. 8 trillion deal, President Trump saying go big or go home, are you listening nancy. I think the market is moving higher on corporate earnings on profit and big tech still leading the way, that is for sure and news of a promising vaccine and treatment coming down the pipeline, that is what is moving the market. Charles rob i know youre in hollywood in icu with the exotic cars, you have a client base that understands that investing is the way to change your life, how do you explain it to someone who is not sure and at the same time, every time they bring up forbes 400, those people are invested in the stock market. You gotta be in the stock market to be able to afford a blue windowpane jacket like youre wearing today, thats where the money is at right now. If you look at whats going on, was really got me excited about the market, the advance decline line has hit 90 , this market has broadened out, you see small caps, look at the stock index of 28 yeartodate, this is the place you gotta be, i talked a couple weeks ago about this, everybody thinks they are smarter than the market, theyre trying to time and on the sidelines waiting for the election. I think the biggest risk is not being in the market, a lot of institutional money, individual investors have been waiting on the sideline and here we go the market is starting to take off and people will play catch up pretty soon. Charles heather i like that you say look ahead and Smart Financial investing because sometimes the things that are not hot right now can get hot later, you are actually looking at sectors, the Financial Energy where people should be looking. I think technology has had tremendous growth, if you do believe that we pass covid19 at some point in our lifetime, we all go back to work instead of working from home, then there will be a shift out of tech and to Financial Energy especially as Interest Rates rise in inflation will heat up, the more stimulus and money we. Regardless of your in favor or not, the financials would be a good place to hide as well as Consumer Staples, they have actually done well but when you look at consumer staple healthcare tech which dominate the s p 500, i think Consumer Staples would be a hedge against any uncertainty regarding the election and inflation or covid19, people are still going to stock up on the goods and services that they need even during a recession. Charles in the meantime, you brought up the stocks, that the Philadelphia Semiconductor index and it is on fire. One of the reasons there is a rumor of a takeover one of the main players i Company Called xilinx, this could be a 30 billiondollar deal, with the stock market at these levels, we will see a lot more consolidation, are there more individual Semi Conductor names and names of technology anywhere else because we will start coming into work every morning and hear more blockbuster deals. I think so, xilinx nor amd are small company, but you will see more consolidation but i think to that point, probably because its lagged so much of small indexes down a couple percent. That is probably where the majority will be done, there is one atf out there access mo, that is the momentum smallcap etf that is up about 9 yeartodate, there is good momentum going on on that etf and you start to see some names get picked, one is in their crocs that is doing pretty good they signed a deal with the beeves, that is something you gotta look at. Charles crocs is doing well, russell 2000, smallcap name of 8 crushing everyone else, weve got 30 seconds, heather, you think gold is a good head chair. I think its better than a crypto currency. At least i can wear as jewelry, you cannot eat it but gold hit alltime highs and if youre worried about uncertainty thats a much better play gold versus cash or any of the big coin crypto currencies right now. Charles we were reminded of a story that king midas learned the hard way, you cant eat gold. Heather, rob, to the best. Heres a conundrum. A majority of voters are giving joe biden top marks for president ial quality but they agree with President Trump on the issues, so which one is going to motivate them when they get the ballot box, my favorite political watchers are going to give us a real debate with timing and everything also years with Silicon Valley democrats want to break them up, will it be the republicans who have to save big tech, we will ask Congressman Ken Buck next. Who will he actually vote on the revised stimulus package, the numbers keep rising, well be right back. Now, that dream. Is her reality. Nexium 24hr stops acid before it starts, for allday, allnight protection. Can you imagine 24 hours without heartburn . That selling carsarvana, 100 online wouldnt work. But we went to work. Building an experience that lets you shop over 17,000 cars from home. Creating a coast to Coast Network to deliver your car as soon as tomorrow. Recruiting an army of customer advocates to make your experience incredible. And putting you in control of the whole thing with powerful technology. Thats why weve become the nations Fastest Growing retailer. Because our customers love it. See for yourself, at carvana. Com. Charles nancy pelosi and Steven Mnuchin set to resume stimulus talks later on today. The president tweeting Corona Relief negotiations are moving along, go big, the president going further doing his virtual rally on the Rush Limbaugh show saying he wants to see a bigger relief bill then either side wants, larry kudlow telling fox business the president has approved a revised stimulus package. Joining me now republican Congressman Ken Buck. First of all Mitch Mcconnell citizens unlikely a bill can be released reach before the election but now we see its getting hot and heavy, any idea where we stand, our hopes getting too high . I dont think hopes are too high, i agree with leader mcconnell, its unlikely to happen before the election, i think nancy pelosi does not want to see a sharp rise in the stock market benefiting President Trump before the election, i think the president is doing everything he can to help those who are unemployed and Small Businesses but without the blue state bailout where we change the provisions from the lax until last tax reform bill and also benefit the folks who are donating to the Democrat Party and is not something the president is interested in. Charles thats an interesting gambit on her part since she began this week asking for the airlines not to for low people and let them go, the airlines again reiterating yesterday, many of the ceos if something doesnt happen immediately after the election they will have to let go of 30000 people, that is two of the airlines, disney specifically blaming california for having to fire 20000 people, Corporate America is speaking out loud and clear, todays gambit on Nancy Pelosis part even if the market does crumble because now you have Business Executives telling the world that is congress fault. I dont think the world is believing that, its very clear the president came to the table with the trillion dollar offer for the unemployed and Small Business and came to the table with 1. 8 trillion, hes doing everything he can and Steven Mnuchin is doing everything, leader mcconnell, kevin mccarthy, the minority leader in the house have all come forward, take the pork off the table, take the pension plan off the table, take the salt off the table and lets talk about the unemployed Speaker Pelosi not interested doing that before the election. Charles somehow the Washington Post will say to President Trump not interested in bargaining. Let me get your weight on this, you put a lot of work into this, how is democrats were talking apple, amazon, facebook, that they are abusing and actually have monopoly power and possibly they should be broken up, you also said on the antitrust subcommittee that theres probably different take on this or a way to address it, i find it ironic where democrats might want to break up big tech and republicans may come to the rescue. I dont think republicans want to come to the rescue, we recognize the bias the big tech especially with google, facebook and twitter, we recognize the problems of these giant companies crushing small competitors and hurting innovation, we absolutely dont want to come to the rescue but i think what democrats are doing is setting the stage in the economy. Charles you would not break these companies up the wood you, look at the remedies and i did not see breakup on the list of republican options. No, i dont think any republican that i know of is in favor of the glass approach, think its important that we give enforcers the resources and the tools necessary in the thoughts with enforcement agencies decided the courts decide, find but i dont think its congress job to go in and decide what company should be broken up. Charles congressman buck do you find it amazing that this is one issue that republicans pull democrats over, even on section 230 its been really remarkable in my mind that this is one the overall bringing some sort of accountability to the names and companies that were offlimits, this is a republican victory in an american victory but you guys deserve a lot of credit. I agree with you and congressman jim jordan has been an outspoken leader on the biased in section 230, what is going to be very apparent how google has changed its algorithms in facebook and twitter are benefiting the left in this election cycle, i dont think the American People any side of the political spectrum want to see private corporation impacting elections the way that these giants are impacting these elections. Charles well thank you so much for your work and coming on the show. Congressman, we will talk again real soon. Coming up, my winners of the week and they are doing it for themselves, ill explain after the break plus the Democratic Party is quick to bash the evil billionaires and that is quick to turn down the money. But let me tell you they will give them a whole lot more money that joe biden and the democrats and they are to trump. Well be right back. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. I have a soft spot for local places. Its not just a work environment. Everyone here is family. Gonna go ahead and support him, get my hair cut, leave a big tip. If we focus on our local communities, we can find a way to get through this together. Thank you. If you are ready to open your heart and your home, check us out. Get out and about and support our local community. We thought for sure that we were done. And this town said not today. But my dream is to help young women feel empowered. Id like to have online courses teaching them body positivity and selfconfidence. But when covid hit, i needed a Financial Plan to make it a reality. Without andrea, my Financial Advisor from northwestern mutual, it didnt feel possible. She really put me at ease. Andrea has my best interests at heart. She protected my dream. Charles thats a song of the week because this weeks winners, i begin with a monumental nobel prize for their work in developing what everyone agrees is a revolutionary gene editing tool, crisper cast nine, the World Swedish Academy of science and this years prize is about rewriting the code of life, and they also cofounded the co