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 were also a very big winner as folks seem to continue to flee to the suburbs. Also, eschewing public transportation. There was an extra booster shot from Consumer Sentiment numbers out from the university of michigan. The reading of 81. 2 from 80. 4. It was the Third Straight month gains, even though Current Conditions slipped a little bit. The consumer, we know twothirds of the gdp has a lot of dry powder going into 2021 so what does it mean for the market . Lets ask rob luna, erin gibbs. Part of my investment thesis for next year is that we have consumers with record low debt to disposable income, over two trillion in savings, rising wages, improving confidence. I think it could be huge. How do you see their impact on the economy and the stock market . So absolutely, charles. I think we are really dependent on the consumer. I do believe we really do need a solid stimulus plan and a little more direction from our government for investors to feel consistently more confident. Obviously the retail sales were great but we did have some disappointing numbers when it came to unemployment. I think we are going to see this good news bad news type of sentiment for some time to come. But absolutely, consumer and i think youve really got to focus on your themes because some companies are going to be left behind and some are going to be big winners and its clear that its anything surrounding the home, Single Family homes versus apartments, moving to the suburbs, cars, getting pets, all of that is really where we have seen big winners moving ahead and obviously, Internet Sales as well, of course. So thats where im really focusing on are what are going to be the Companies Leading us into the next quarters. Charles rob, your thoughts on the consumer leading the way next year and how to make money on it. Yeah. I agree, charles. I think erin brought up a good point. For this to continue to have legs, we are going to see a stimulus package, because there are some people that are still hurting out there. I think for the next leg, we will need to get something done. What i would say, though, i think a good thing you mentioned is we are starting to see restaurants pick up. Those type of retail areas picking up versus just stocking up on Procter Gamble toilet paper, paper towels, those things that have led us. I think going into next year, i would start to play some of those themes that havent done as well. I really like disney here. Thats actually been demolished obviously because of the theme parks. Those are going to be reopening. You see disney plus doing real well. Lets remember, theyve got three new cruise ships, 21, 22 and 23 that will hit the market. People will want to have those experiences again with their family. Charles you know, just an aside, i think one of the major cruise operators, they will have a ship leaving italy next week. I thought that was an amazing story. I wish them all luck. Remembering how hard italy was hit and they were the first nation to really take it on the chin outside of china. Now, you mentioned buying disney because its down. One of the facts we do see today is that the biggest winners happen to be the biggest losers. Of course, im talking about Companies Like general electric, long fallen off its perch as the biggest and most admired company and stock in the market. Today, for the most part, number one percentage gainer. Boeing also the number three percentage gainer after the company got the green light for the 737 max. The pair leading industrials which by the way, industrials over the last three months have left the overall market in the dust. So rob, are you buying any of these industrial names . Yeah, no, we are, charles. We like the industrials here. When we look at our dividend portfolio, its really dominated by some of these industrial names right now. You talked about auto sales. We like genuine parts. As you see more cars on the road, you are going to have the need for replacement parts. We like 3m here. 3m is yielding 3. 5 . Last time we saw that was in the recession, 08 and 09. Those are two good names that give you good income here and have got some good positive momentum behind them. Charles erin, i know you have been making a move toward these sort of underloved sectors for awhile now. Anything in this particular space or Something Like materials that you like hoer . So in materials, Construction Materials are doing great. Sherwin williams has always been a favorite of mine. Not so sure about boeing. I think the positive news today, you still have to get people to buy. Im a little more cautious about some of those. And im really still focused on big cap old school tech. Ibm, intel. I think those are the companies that are really going to see more longevity going forward. Charles all right. I hope youre not playing pong after this show. You are going back to its been awhile since they have led the market although ibm did the right thing finally. Hey, before i let you all go, whats going to be the most important input for the market next week and your favorite way to take advantage of it, quickly, if you can. Erin, first you. So i think again, next week is a smattering so i would say really like look at the retailers that are going to do the early Holiday Shopping season, even though they are not the reporters. Walmart, target, amazon. I think their news about early Holiday Shopping is actually going to overshadow the Earnings Report next week. I think these are the guys that are going to be the winners. Charles rob . On tuesday, weve got new Residential Construction numbers coming out. Its going to be important that we see that continuation of strength. To continue your theme. The way to play that is through toll brothers. Thats been a stock thats rocking. I continue to see it happening in the next week. Charles great answers, great having you on. Always appreciate it. See you next week. Have a great weekend. I want to shift gears now. Lets go to the heartland, the farming economy, because things are improving pretty rapidly and the stock market is taking notice. This morning, Farm Equipment maker agco fetched its third brokerage upgrade since last month. This stock, by the way, began the session at a 52week high, up 110 from the march 23rd low. One of the reasons these Farm Equipment companies are coming on strong is because farm commodities like soybeans have been erupting higher. China has begun to step up its purchases per the initial phase one trade deal, Soybean Prices now higher than when President Trump came into office. The question is, how long can this last and how can you make money on the rebound in the farm economy. We had to get them. The cal gow guy, scott shellady. Farmers seem more confident to me, certainly they have been helped by government subsidies as well but can agriculture now take it to a higher gear . Yeah. You know, theres a lot of stories floating around out there. Obviously we have our biggest customer back, thats china. Chinas purchases over the last eight weeks, sometimes they are setting record after record with what they have been buying as of late. Thats great news. Number two is weve got demand coming back domestically because we are opening up the restaurants again. You saw stories about Dairy Farmers dumping milk down drains in march. Now that stuff with schools coming back online is also coming back to life. Then the last big thing that we really havent talked about but the usda is talking about it is the fact we just have less of the stuff around. It was a very dry summer. Towards the end especially. So what you thought you might get out of the soybean and corn fields, we are just not getting so we have less of it with more demand and the charts are showing you what that looks like. Charles does agco got an upgrade, do you like any of these stocks associated with the farm company . Yes, i do. You know why . Guess what led us out of the 2008 recession . Agriculture. When that turned around, the rest of the market really went. You have to keep that in mind. I love it because look, we have to rely on mother nature. Its a difficult trade to make. But when 2008 happened, we were at the depths staring at satan, what led us out of that recession, i firmly believe, was agriculture. Keep an eye on it. Charles i love it. The heartland took us out of this. Let me switch gears for a moment. Crude oil moments ago, baker hughes released its update. Oil rigs now, 205, slightly higher again. This of course after the whole thing bottomed out this summer. Folks, drilling activity dropped to a 122year low. I personally have written off these oil stocks. Inventories are declining. The group is looking more intriguing to me. Where do you think crude goes from here, scott . You know, i think it goes sideways. I like to think it goes sideways to slightly higher because i do think with our own domestic demand, slowly but surely coming back online, that will be the case. But you can see in those futures products, we are not really expecting a massive hike of prices. So with the consumer as healthy as they are but not having to do anywhere, thats another issue, we have got a lot of we have oil on our hands. We are not using as much of it. We have a very low rig count but theres a reason for that. I still see it grinding sideways to slightly higher. Charles to your point, energy was the big gainer yesterday. Today its the only losing sector in the s p. Folks, put it on your radar. We will bring scott back because he is the man when it comes to all of this. Its been too long, my friend. Have a great weekend, scott. You, too. Charles all righty. Hey, vaccine hopes have investors cheering but the folks at home, are they still as optimistic . We will break down all of these surprising trends. First, President Trump and joe biden holding dueling town halls last night on rival networks but only one candidate came off more like a debate with the moderator while the other was throwing soft balls. I will let you guess which one. Tweet me. We have more when we come back. Did you know you can go to libertymutual. Com to customizes your Car Insurance so you only pay for what you need . Really . I didnt aah ok. Im on vibrate. Aaah only pay for what you need. Liberty. Liberty. Liberty. Liberty. 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. We use 11. Eleven. Why do an expense report from your phone when you can do it from a machine that jams . I just emailed my wifes Social Security number to the entire company instead of hr, so. Please come back. How hard is your Business Software working for you . With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. Hon . First off, we love each other. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Charles President Trump talking to seniors at ft. Myers, florida. He Just Announced a Public Private partnership with cvs health and walgreens to provide free vaccinations to residents of nursing homes. Lets take a listen. Cape coral mayor joe coviello. Thank you, joe. Great job. Great job. Were also tremendously honored to be joined by world war ii and korean war veteran, a very brave guy, wally cortese. Thank you, wally. You look good, wally. Ill tell you, two wars and youre looking good. Thank you, wally. Appreciate it. Beautiful. Thank you very much. Thanks also to all of the members of the vfw golden gate honor guard. Theyre with us today. Thank you. Thats so great. Huh . Thats so great. Vfw. Fantastic job. Thank you very much for being here. As i fight to protect our amazing seniors from the china virus, im also fighting to protect you from another danger, one which threatens everything we cherish, value and worked our entire lives to build and to defend. As we gather today, seniors are under threat from a radical Left Movement that seeks to destroy the american way of life. Were not going to allow it. Charles President Trump in florida taking his message to seniors. Meanwhile, the president and former Vice President joe biden holding dueling town halls last night but if you were watching President Trump on nbc, you would think it was a debate between the president and the moderator. Watch. That was a retweet. I will put it out there. People can decide i dont get that. Youre the president. Youre not like someones creepy uncle who retweets me whatever. Theyre dumping garbage we could go all night which we wont. Will you denounce White Supremacy . Have yyou have done this to. I denounce White Supremacy, okay . Charles a quite different scene at the biden town hall. Take a watch. I have not been a fan of court packing. Youre still not a fan . Im not a fan. It depends on how this turns out. Make it clear, i do not propose banning fracking. My deal is a crucial framework but not the new green deal. Really terrific questions. I think you did a service to our mom ra democracy tonight. Thank you very much. Charles by the way, not a single question about hunter biden and that bombshell New York Post story. Joining me now, beverly halburg. Beverly, your assessment of how things went last night in these dueling town halls. I think the dueling town halls showed the stark difference and striking difference between how these different candidates are approached by the media. Heres the thing, though. This actually benefited donald trump because his ratings were higher for the nbc town hall and thats because its more interesting, more energetic. People wanted to watch that. The type of questions and the type of media appearances that joe biden is doing, theyre not very interesting. Theyre not very exciting. So in the end, i think this benefits President Trump because hes willing to take them on and hes willing to always have entertaining tv, whether you love him or hate him, its something to watch. Charles well, that brings us to this weeks winners and losers. Start with the winners. My first winner also from last nights town hall, when President Trump let his guard down. Lets take a watch. Good evening, mr. President. Thank you very much. I have to say, you have a great smile. Thank you. Thank you. He does. Youre so handsome when you smile. Charles i got to tell you, President Trump seemed like he was really he even looked like he was blushing there. I think he was a little bit caught off guard. Hes so used to the tough questions to have anybody compliment him, especially just on his looks, i think it threw him off a little bit. Heres the thing that is just sad in todays day and age. For someone to even stand up and give him any type of compliment, they are going to get a ton of backlash for it. I think its nice that we can give each other compliments and im glad this woman stood up and did so. Charles all right. My next winner is nba allstar jimmy butler. He actually started his own coffee shop while he was inside the bubble and if you know his story, its the ultimate underdog. Braer barely drafted into the league, now one of the premier players. I want to skip to the next one even though i know you are a basketball fan. Perhaps the biggest winner of the week was judge Amy Coney Barrett. She didnt need any notes in her comatiireaonrion andon and and soly rte ciranes acles adroun em. H hebs abselyy cshed. Of crse that tent tttentt t lnheased athathathat hed on not oe p aadhe hhedhed d it u it andai oynlhe unid stst satesateesatendhe had that e t ha went w atng witng w w it. Just jhoow amang ozing ozing o tell eet shec te is t thbe e, bbe e,b leoons ar qstionsstio for f twoo ysstysrasthtra. Stht. Ht arkaablarka tonngonant wano sa ty abo aut jimm jimmmm tlerbu hfeeoffe didoffe d st. 0 2 cupupegupardlesardl oardlff wo w. I lov tovhahae startingrtgrt sine,ne think he hds t wowonis png a a littleit bit b b he geoingoingngo sell sel hic. Utsoutsts of theth nba n nbubb. Arles ontknt i digree wh i t elelnvtors to t buyuy st i say sayay bhe cpa cnini th Pricing Power because those are the stocks that go up highest. Got a lot to power through so i want to get the your winner also from the Amy Coney Barrett confirmation hearing. A bright moment and that was these two colleagues embracing, senator Dianne Feinstein went over and gave Lindsey Graham a hug after the hearing saying it was one of the best set of hearings she ever had, gave him a hug. I thought it was even reminiscent of the scalia v rut Bader Ginsburg friendship. With rbg passing away, this hearing was about replacing her. Senator feinstein got a lot of backlash from her colleagues but i loved the hug. Charles so do i. My loser, canadian woman returned a stolen relic, a few relics from pompei. She stole them 15 years ago and had nothing but bad luck. She flew to italy and gave them back. You say your loser was twitter . Twitter had a rough week. Of course, they were made news because they decided to block the allegations against hunter biden and his familys relationship, of course his dad was the Vice President and twitter decided to block it. They have also shut down the accounts of the trump campaign, White House Press secretary Kayleigh Mcenany and even today, the Ceo Jack Dorsey had to come out and say they made a mistake, that they shouldnt have blocked the url, what they should have done was give more context. I still have an issue with them doing that but i think whats going to happen is congress is going to be making some adjustments to section 230 which we are hearing a lot about. Twitter, a bad actor all the way around. Charles yeah. Yeah. Allow freedom of speech and never steal ancient artifacts is the moral of this story. And we can be friends on either side of the aisle. Thank you very much. Always appreciate these segments. Meanwhile, rapper and actor ice cube being forced to defend himself for having theaudacity to partner with the trump administration. With 18 days until the election, theres so much at stake from the Supreme Court, taxes, the paris accord, all of that on the line. Two of my favorite political watchers are back and will have a debate, next. Quick question for you, malcolm. What do you, me, shakespeare and Alanis Morisette all have in common . Were all on audible . Thats right. Bonus question what else do we have in common . None of us are common. Malcolms on fire. Audiobooks, podcasts, audible originals, all in one place. Before money, people tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. Charles republicans powering through on the confirmation of Amy Coney Barrett, setting a Committee Vote for thursday. This as democrats, including joe biden, calling the whole process a sham. Joining me now is radio host rick unger and fox nation host, david webb. Guys, we will do this like the last time. Remember, each of you will have 30 seconds before you hear this ding. Okay. Now, last time we wore that ding out. The ding buzzer got worn out by david. David, respect the rules and we will start with you. First question okay, savannah guthrie. Charles david, what do you make of the Supreme Court hearings this week . Well, the democrats didnt pull a brett kavanaugh. Maisy hirono asked some ridiculous questions but this is proceeding as expected and judge barrett will be confirmed if theres a floor vote. I thought she was strong, she showed what we want in a justice, with an actual record to look at. Charles in the meantime, joe biden still dodging the question of court packing. Rick, should he give us a straight answer before the election . I think he has to. I think he said last night that he would. I dont know what that answer will be. Look, hes made it clear that hes not a fan of court packing. He is trying to dodge it. He knows that progressives might not like the answer he gives and he doesnt want to do anything to mess with that side of the vote. But i think you will get an answer. Charles all right. Question two. Joe biden wants america to rush back into the paris accord. I think its a suicide pact and slows down our productivity which would also be hampered by higher taxes and bigger regulations. This as china continues to stroll toward a separate target. But if you look, folks, u. S. Emissions are down this year more than any european nation so rick, why should we be all in with this accord that allows china 30 more years of free reign while handcuffing our economy . Well, you said a lot of interesting things there, charles. I dont know, you are absolutely right when you say that we are probably leading the world in meeting the goals of that pact so i dont know how you can call it a suicide pact when it has no teeth whatsoever. Nobody has to do anything. And we are doing it anyhow. Where i do agree with you, though, the big problem that i always had with the paris accord is that china was getting a pass and they shouldnt if its going to have any meaning. Right under the bell. Charles david, how much we will give you credit on that because you did technically make it right before the bell. David, how much credit should the oil and Natural Gas Industry get for this massive decline in co2 in this country . I dont think we are giving them enough credit. I dont think we are giving American Technology and innovation enough credit. Not just oil and gas but all the things we did to cleanly extract energy, to run a cleaner society. We have actually exceeded, exceeded what the paris accords want, when you look at what were doing as a country. Ricks right, when it comes to china theres no way they are going to play fair because they cant play along, do it right and get it right. Its unsustainable. Plus we were the cash cow for the paris accords and americans should not be paying for other countries bad behavior. Charles in the meantime, the Brookings Institute hsaid of th biden tax plan it would bring in 2. 4 trillion. Rick, the promises are adding up. All of those goodies, though, the question remains, how does he pay for them . Well, what i thought was really interesting was the aei report that came out this week. Obviously a rightleaning organization. I was somewhat surprised. Their verdict was pretty darned good on the biden tax plan. Its not going to have much impact on the economy whatsoever, yes, if you are one of the 1 you are going to be paying maybe 14 more, but 85 of the country is going to see more money in their pocket. I think thats a good thing. Charles you know, david, to that point, biden has outraised trump five to one from wall street types in part because they want i think to be part of these big deals like the paris accord and so forth. So what is wall street missing by backing biden at least with their money . Its called they are hedging their bets. This is what wall street does. Bidens a hypocrite, if you dont like the 1 which he plays to the base when he goes to the left wing, why do you raise so much money from them. And by the way, when you go ahead and tax all the high income earners, those that really make the serious dollar in this country, where do you think that money goes that they dont or where do you think the money that goes from them goes to . It goes to government, government programs. On the other hand, when they dont have money to spend, we dont have venture capital, equity financing, Debt Financing and other forms of financing that goes to american business. Can i get a rebuttal on that . Charles winner and still champ sorry, we are out of time. Winner and still champ, david webb once again, retains the belt. Both of you guys, i appreciate it. Have a great weekend. By the way, you might have heard, im hosting a virtual townhall called America Votes together. Its one week before the election, october 27th at 2 00 p. M. Im going to be joined by an allstar panel. Its got jerry baker, liz claman, neil cavuto and real s estate investing guru grant cardone. Its focused on businesses opening up, kids going back to school and of course, that real estate boom. I know you have a ton of questions. Send them over immediately. Message fox business on facebook, or instagram or email us, investedinyo investedinyou foxbusiness. Com. Retail sales are blowing away estimates and also vaccine hopes but are americans as optimistic about a vaccine as wall street . Plus, maybe the white house and lawmakers will be more eager to get something done if they saw what the impact will be on the gdp and markets. The shocking numbers you will see when we come back. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. vo im a verizon engineer and today, were turning on 5g across the country. With the coverage of 5g nationwide. And, in more and more cities, the unprecedented performance of ultra wideband. The fastest 5g in the world. It will change your phone and how businesses do everything. Im proud, because we didnt build it the easy way, we built it right. This is the 5g americas been waiting for. Only from verizon. Now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome Design Consultation today. Charles shares of pfizer and biontech are jumping over hopes their vaccine candidate will be ready for an emergency use authorization application by late next month. Jackie deangelis has more. Jackie good afternoon, charles. The market is partially up on the vaccine news, too, and its good news as youre saying versus the vaccine hopes that were dashed earlier this week. I also want to add that an arbor data science report shows that americans are overall enthusiastic about a vaccine. Look at this chart. What you can see there is that since about midaugust the responses in the positive territory although the level of enthusiasm has come down a little bit in the last couple of weeks. Now, as you mentioned, today we learned that pfizer is filing for emergency use of its Coronavirus Vaccine as early as november, but it would be after the election. But this is the Silver Lining coming after j j and eli lilly said they paused vaccine trials on safety concerns. Pfizers vaccine is the one thats being developed with that German Company you mentioned, biontech. We have mentioned them before in this sort of race to find the cure. Pfizers ceo saying in a letter that the filing is going to depend on a bunch of things but most significantly, it will be about data on effectiveness that may or may not be available until late this month. Now, the fda has already let the drug makers know it wants two months of data on safety before it would authorize this emergency use measure. Thats an action that it believes would give americans more confidence in a vaccine because there have been so many people that have been negative about this and saying the process is going too fast. Others say the new rules, they are too strict for emergency circumstances, charles, and emergency is just that. You need to speed it up. Slowing the process down ensures that a vaccine wouldnt be ready before november 3rd and some scratch their head at that. Charles thank you very much, jackie. Always appreciate it. You know, theres been an interesting correlation between the stock market and positive Media Coverage in this race for a vaccine. Earlier in the week, if you remember, there were a couple of stumbles in the market, that masked stumble force some of these key vaccine players but everyone believes a vaccine will happen. The question of course is when and how it will impact the markets. I want to bring in the cio of the bahnsen group, david bahnsen. Everyone thinks this vaccine is going to happen, yet the market sometimes gets really emotional about any kind of typical slowdown or speed bump. Well, i think we have to put it in context, charles. Youre right that the market on a macro level is expecting a vaccine to come and thats because the market is made up of very smart people that know a vaccine is going to come. The exact details as to when and which player and which approvals happen and what sequence is pretty immaterial. I think we have to take it into context. You talk about the markets gyrations earlier in the week. It was 100 points or so. We are up well more than that today. Netnet, through little bumps and bruises along the way, the markets taking it all in perfect stride. The idea that one person in a pause situation with the j j case is a problem, with a 60,000 person Clinical Trial is absurd. I talked to several Health Care Executives this week that said that that is completely common, you normally have dozens of various situations that could be idiosyncratic. They are going to get a vaccine and they are going to get more than one. They will have options. You will have Market Forces competing for different vaccinations around coronavirus. Charles well, thats great stuff. Hey, i want to talk to you about the stimulus because i know economic purists hate it and taxpayers, many of them loathe the idea of their tax money paying off the debt of irresponsible state governments but its pretty clear also the market really wants this pretty badly. Heres why, folks. According to evercorps, say a 2 trillion package would add 420 basis points to 2021 gdp and 8 to s p 500 earnings. Your thoughts on the stimulus . Well, kudos to the good keynesian folks for figuring that out. I assume they are not the same folks that measured what the obama stimulus was going to add to gdp. Well, im not a purist. Im just being very basic about this. The market is up 3,000 points since it became clear that the expected july stimulus was not going to happen. Here we are now, almost two weeks from the election and we are not about to get an imminent deal. We may end up getting something and we are going to get something, whether its lame duck or later on. I certainly believe there needs to be some targeted support to things. I would be totally supportive of an intelligent, thoughtful bill. But we cant operate as if this money that you say that evercorps says is adding to gdp comes out of thin air. The only way they can spend money on stimulus is by taking it from the private sector. Either through taxes or debt. Thats it. The government doesnt generate any money. So they are taking away from gdp to add to gdp. I do believe they need to do something targeted but i do not believe the market is sitting around waiting for it and certainly we should not be bailing out mismanaged states. Charles david, you are absolutely the best. I enjoyed your comments on both of those important topics, my friend. Have a great weekend. I hope to talk to you before at the leks. On that note, every day i endeavor to bring you the best investing minds on wall street including folks especially with skin in the game. But even then, theres just so much to discuss and its why i provide my market commentary on my website, wstreet. Com. It is free. Im proud of it, i put a lot of work into it. I work early mornings, very late nights. Its updated twice a day. Read it before the open. Again, lot of work, lot of guidance. Its free. I want to help you. Go to wstreet. Com. Well, we are just going to stay on these markets also as we head into the final hour of trading for the week, including the last trades you need to consider, folks. This segment has been rocking. Meanwhile, President Trumps 2020 Senior AdviserKatrina Pierson gives us her take on rapper ice cube being forced to defend himself for working with the trump administration, next. Smooth driving pays off with allstate, the safer you drive the more you save you never been in better hands allstate click or call for a quote today you never been in better hands allstate before money, people tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Charles ice cube receiving a lot of backlash and criticism after its been revealed that the rapper is advising President Trump on a plan to help black americans. Ice cube says black progressives, black progress, rather, is a bipartisan issue and that he will advise anybody who has the power to help black americans close the enormous wealth gap. Joining me now, trump 2020 Senior AdviserKatrina Pierson. By the way, ice cube also tweeting today, when i got bussed to school, homeies called me a sellout. When i started rapping in 1983, bangers called me a sellout. When i left nwa, they called me a sellout. When i started doing movies, rappers called me a sellout. When i started my own league, the arena said it was a sellout. I like that one. Hey, you have been through this but how amazing is it every single time a black person of note reaches over to the other side of the aisle, particularly the trump administration, and they are beaten up like this. Well, thank you, charles. You know, i also tweeted this is why we havent had nice things. But i think this has been a wonderful accomplishment and the fact that you know, just being identified as someone that participated i think really moved the needle. Ice cube is someone who has not been supportive of President Trump. He has not endorsed the president. But what he did do, unlike many of his critics, is actually come up with a solution and take it to those who have the ability to do something about it, and that is to be applauded. Charles it is to be applauded. You know, listen, when you have ideas, you want to share them, because ultimately, if both sides say we want good things to happen, we want improvement, then both sides should be open to listening to anyone with a suggestion. You know, im not sure anyone in the Biden Administration would listen to suggestions from me. I would love to give them. But its just the hypocrisy and just how hard, i mean, youve got to be ready for the cancel culture to come at you with full vengeance. Well, tell you what i also know, charles, theres more than just ice cube out there who support the platinum plan for the president and hopefully, this will give them some courage to come forward as well. But to your point, we know for a fact that a Biden Administration wouldnt care even what ice cube had to say, when you look at the 47year career, including eight years in the white house, not one issue was addressed when barack obama was in office and here we have in 47 months with President Trump many and some of the most important issues that impact black america were not only addressed but solutions have been implemented. That is the difference were facing in the 2020 election cycle, as a people and as a culture. Which party today is actually going to do something to help black america and i think that ice cubes most recent comments are very indicative. He also tweeted a video that i encourage everyone to go see, because it does sort of outline the problem that we have with democrats. Charles were running out of time but i do want to swesqueez this exchange and its a point youre bringing up, between a black voter and joe biden from last nights town hall. Take a look at it. Besides you aint black, what do you have to say to young black voters who see voting for you as further participation in a system that continually fails to protect them . We can do so much to change the circumstances, to give people a real opportunity. Did you hear what you needed to hear . I think so. Charles i dont think so. The guy reallooked unimpressed. Biden went on a rant for five minutes, never answered the question. Democrats always figure this vote is in the bag so you never truly have to answer the question. I think thats right. The fact that joe bidens campaign didnt even meet with ice cube to see what he was interested in is indicative of the answer that he gave this gentleman last night. Its really sad for someone who has been in office this long that they still dont have a coherent message or even plan to address the issues that have plagued black america for decades but how could he . He was the author of many of them. Charles katrina, great seeing you, my friend. Thank you very much. Folks, well be right back. Diane retired and opened that pottery studio. How did you come up with all these backstories . I got help from a pro. My financial professional explained to me all the ways nationwide can help protect Financial Futures in peytonville. Nationwide can help the greens get Lifetime Income because their son kyle is moving back home and could help set up a Financial Plan for mrs. Garcia. And he explained how nationwide can help mr. Paisley retire early and spend more time with his pal, peyton. And their new band. Exactly yeah. Dont forget the band. I havent. State of the Art Technology makes it brilliant. The visionary lexus nx. Lease the 2021 nx 300 for 359 a month for 36 months. Experience amazing. At your lexus dealer. Before discovering nexium 24hr to treat her frequent heartburn, marie could only imagine enjoying freshly squeezed orange juice. Now no fruit is forbidden. Nexium 24hr stops acid before it starts for allday, allnight protection. Can you imagine 24 hours without heartburn . Charles as the market rallies to to the end of the week wall street is conflicted, that pros obviously want to make money but too many have missed the vote and now they become cheerleaders from pullback focusing on the individual investors especially the robin hood traders. Today the robin hood traders are crushing it with her top more than 100 , i want to bring in Strategic Wealth art and mark tapper, the impact on the robin hood traders, are they making things worse for the market . I dont think so, in the grand scheme of things i think the impact is minimal, theres a big difference between them spiking Trading Volume which is the number of shares that are traded and dollar volume, i dont think theyre making significant waves at all. Im assuming theres gotta be a psychological effect, they are buying a lot of the sub 5dollar stocks, maybe because you could buy 100 shares at 5 rather than by a half a share at a thousand, it makes them feel better. But a lot of the sub 5dollar stocks are very risky and speculative. Charles they are, i wrote a book about it. Im with you on that, people do equate value and achieve stock instead of the fundamental with the share price. Lets talk about earlyseason comments fully on the way and is going pretty good 82 had been revenue, 86 on earnings, your thoughts and earnings this far and what you expect when it settles on all s p five companies have reported. This is a game that they play every single quarter, they set the hurdles low, estimates are coming in slightly better than expected, when you look year over year earnings are down 18 , sales are down 4 , investors are giving companies a free pass this year, all eyes in my opinion are on 2021 and heres one interesting thing when you look at the largest 1000 stocks, the russell 1000, the five Biggest Companies are expected to grow earnings at 20 next year, the other 995 are expected to undergrowth 37 next year. Its an important as an investor not during Rearview Mirror investing right now. Charles a great, great point, i dont like any of them except the ford pe, the stock specter, you think people should be looking at as we head into next week . A stock i bought a few weeks ago, midseptember, pharmaceutical, trading at 97, they license product and technology to other pharmaceutical other Biotech Companies to make sure that their drugs can be absorbed properly by the human body, the stock is up 25 over the last couple months, they just issued guidance three weeks ago that the 2021 revenue and earnings will be 16 70 higher than it was expecting, the valuation disconnect is huge and trading 12 times and i like it here. Charles all right, i will wash that closely, i gotta admit my worst area of investing is biotech, i do not understand them i wish i did it because graham slams have been made. We are starting to be pickup momentum not unusual as we head into liz claman, you can cap off a pretty intriguing week. Liz how about this, this is why we love doing what we do. Never a dull moment. And we got friday fun right here. The rally continuing to gel as we head into the final hour of trade the 2020 candidates back out on the campaign trail right now after last nights headtohead town hall meeting. The president in florida pitching his message to seniors and joe biden to speak in michigan about healthcare. With 18 days left until election day, a firestorm swirling around accusations facebook and twitt