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Transcripts For FBC Making Money With Charles Payne 20240711

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We have that manying up. The number of americans seeking unemployment aid popped last week. Add to that expiration of emergency programs, increased lockdowns. One has to wonder will Congress Step up . Or will this be a Blue Christmas for Many Americans . I will ask tennessee congressman mark green. President trump fights for reelection and targeting vote if iification in a number of states. Well get that from the trump campaigns erin perrine any. All that and more on making money. Charles the market seesawing back and forth in a narrow range. This is normal consolidation after of a recent weeks. Lockdowns impacted market only when it hit wall streets backyard did we see noticeable selling. The market understands it will take some time to reach socalled herd immunity which near term the economy could get rocky. The market understands there will be huge Central Bank Accommodation and maybe fiscal health. There are huge winners every day in the stock market. That is what investors are leaking when they delve into the risk and opportunities. We have mike murphy with us. 7th capital managing principal, monica mehta and cio shana sissel. What comes next . Mike, i want to start with you. You have been just very bullish. You came home from a lavish vacation which people are who bullish get to do. When they said head for the hills you stayed in this thing but does it feel toppy for you now . Im not [inaudible]. Charles were going to woman back to mike. Youre coming in and out, michael. Shana, your thoughts where the market is. I say it is consolidation. Do you say it is something more . No. I think it is consolidation. I expect well see downside towards the end of the year as we start to see some economic numbers come in for november and december. I expect to be pretty rough given were doing renewed lockdowns. We will likely see declines in Holiday Shopping and spending. Consumer confidence has not been great in the most recent survey in early november. So i expect it to be a little volatile. But i think the key drivers to the market continue to be positive. As long as we continue to get positive vaccine news, that we should continue to see the market continuing to go upwards and reopening trade rotation weve seen will absolutely continue to move forward. Charles right. Monica, my friend, how do you see things . I will take a slightly different position from shana and say we might get a really nice holiday surprise from retail. Youve had consumers staying home and saving quite a lot. The savings rate hit 18 at points over the last several months. Now, 3 to 400 billion that consumers would otherwise spend on traveling or hotels or services, there is a belief among the Retail Community that that money will be spent on goods. And so, there are a number of retailers, discounters, you know, home focused retailers, home depots and the like that will probably see a benefit from all of this redirects of cash. Charles right. And i tend to agree with you. I think it will be a fantastic christmas, especially since we probably wont be together as much as we want to. Mike, i know your audio is fixed now. Just your thoughts quick on the market. Then well segue also your thoughts on the consumer because consumer stocks, retailer names are crushing it. L brands, the biggest winner today. We heard monica talk about this. I think she is spot on. Homebuilders are doing well. First your thoughts on the overall market and also can the consumer keep doing all the heavy lifting . Well do it real quick, charles. Dont over think it. Yes the market is near alltime highs but no reason we cant keep taking out those highs and make new highs. The consumer is one of the main reasons for it. Look what came out of target. Look what walmart is doing which is a name we own and continue to buy at these levels. The consumer will continue to support the economy. Stimulus would help. It is not necessary. The market is set up to take out new highs and its a matter also, we talked uber last week that broke out, it is a matter of finding the right companies to do it. Uber is one you can still hold on to. Walmart is another one. Charles shana, what do you make of the market almost every day in the last few sessions seesawing back and forth . Communication services and itself and technology is up 20 . There are winners every single day. Are you trying to zero in where the real hot action is now . There is a lot of value in the market if you look at it. Take the nasdaq for example, the nasdaq is up a little over 32 yeartodate but if you look what the drivers of that return is mostly six to 10 stocks and so the remainder of the nasdaq there is opportunity and value there. If you look at the reopening trade, yes, energy is up 20 but it is down yeartodate like 60. And so there is this rotation going on. So a lot of these are nowhere near normalized levels. They still have plenty of room to run and value exists in the market outside of the six to 10 stocks that have been really driving returns to this point. Charles monica, youre an oil person, a texas gal, if you will. Are you buying this move in energy . It is ironic, some ways you look at it it looks overbought and in some ways it is oversold. Im in houston where energy touches every portion of our life. It is moving so much because its a volatile year. The biggest opportunities are in real estate on the residential side. I think one people really need to appreciate is, even though they hear all the negative news about the terrible pandemic, so many people losing their jobs, were in a once in a generation moment where youre having a catalyst that is forcing people to make major, major change in their life and their businesses. That major change becomes a catalyst for a lot of spending that spending will push many sectors of the economy forward. I think that is a fundamental most people need to understand. I would say that you know where i see the greatest opportunity really is on the residential side. Charles so on the residential side, let me stick with you for a moment because we had a amazing existing home sales number today, just mindboggling. We know Homebuilder Sentiment is at a record high driven by perspective foot traffic weve never seen before. The homebuilders stocks are not that great. Maybe the ancillary, the accessory part of this story is where you want to be right now . So remember, 80 of Home Inventory is existing inventory. Right now, what i think is weighing down the builders is basically a lack of lots. You have to have land to build. It is also rising material costs. Lumber costs have skyrocketed. They have more than doubled. A lot of homebuilders are sifting timing the market. In general charles do you buy whirlpool . How do you make money on this phenomenon . [no audio] let me go back. Mike i want to bring you back in. Youve has the hot hand. Technology feels like it is recapturing some of that. I dont know i wouldnt say lost glory but obviously it estimate belled for a moment. Felt like value took over. A couple major wall street firms threw in the towel saying tech would no longer need. I know you like uber and other areas we need to look at. For sure. I think microsoft, i think apple, amazon, these are names, charles, i will stick with them. I will buy them on pullbacks of 10 to 20 i get them for as long as the story stays the same. As long as there is growth and there is innovation i want to buy those names. Also your other question on homebuilders, i know the audio broke up. I wouldnt be a buyer of whirlpool. Home depot, all homes sold, a little pullback in home depot is a great opportunity to get in. Charles shana, i will give you the last word, what should we be most concerned about in this market right now . I think people are not appreciating that there will be a economic consequence to renewed lockdowns. I think we will get through it and it is not a reason not to invest but i think there will be opportunities between now and the end of the year where we will see weakness, well see increased volatility. There might be better times to get into the names mike was talking about, some of those Technology Names and also looking down the market cap spectrum, the smaller cap names can look more attractive as we come out of this. So i do think there will be volatility, lockdowns have economic consequences and we cannot overlook the fact well likely sea weakness in the market through the end of the year. Charles keep your powder dry because you will have a chance to buy the dips. Shana, monica, mike. Thank you very much you three. We very much appreciate it. President trumps attorney is laying out what they call a clearly viable path to victory. Well go over the developments from erin perrine from the trump campaign. School closing, i am sharing why these actions are bigotry of low expectations. Well be right back. Since pioneering the suv in 1935, the chevy suburban has carried many things. Nothing more important than family. Introducing the most versatile and advanced chevy suburban and tahoe ever. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. 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This is not a single lar voter fraud in one state. This pattern repeats itself in a number of states, almost exactly the same pattern. Charles the Trump Legal Team giving an update on their Court Battles after withdrawing their lawsuit in michigan. Rudy giuliani accusing battle states of massive voter fraud, citing sworn affidavits from alleged witnesses but feels like maybe the walls closing in. Republicans have won one out of about 21. President trumps allies are calling for joe biden to receive security briefings. Joining me trump 2020 Communications Director erin perrine. Trump tweeted massive fraud. Mayor giuliani is laying out the case in each of these states where they stand and where the litigation is at this point. The campaign, we pulled down our lawsuit in michigan because we received the remedy we were looking for which was to hold the certification in wayne county based on our concerns of a 14th amendment violation of the equal protection clause when it comes to ability to view the count. Were glad to see that happen. That is why were not pursuing that litigation. In wisconsin we filed for a recount. In two counties there, dane county where madison sits, milwaukee county, where obviously milwaukee sits, we have Major Concerns when it comes to the absentee ballot process and addresses filled out and information necessary to make sure safeguards put in place were not circumvented in any passion. In pennsylvania we continue to pursue our 14th amendment clause case as well. We want to make sure every legal vote is counted and any illegal vote is not counted. We want equal access to be able to insure that. Charles erin, lets talk about the timeline. Georgia, maybe well know something on recount any moment, november 20th. Michigan, november 23rd, pennsylvania, november 23rd, nevada 24th, arizona the 30th and wisconsin on the first. The clock is ticking. Were waiting, everyone is waiting with bated breath. We want to see the hard numbers, these massive numbers. When can we expect them . Well this is never going to be a one lawsuit or one source to fix all of these remedies and these issues that we seek. Its a piece by piece step were taking here. Again, like i would say in michigan where we had wayne county not certify the final ballot. Where they rescinded that certification by those two republicans there who were bullied and threatened trying to stand up, 71 with the of the votes there, we have huge discrepancies, that should worry voters in wayne county. Were trying to make sure the outcome of this election is accurate. That it is for years to come. It is a step by step process. Nothing will be solved in the short term. It will take time. As we know the wheels of justice are not necessarily the fastest in the world. They move slowly. Were using judicial system and that process to make sure we get this right. Charles before i let you go, if all of these states have these, their own timelines, if they start to certify these elections, and you lose enough Court Battles will it be enough for you to be satisfied that you have shown a light on a process that to be quite frank with you has a lot of problems and i think a lot of americans are grateful because we all want the integrity of the election to matter most . Election integrity is so paramount and in this instance, yes, we are shining a lot but as the legal team said today, were just getting started. Were still in the evidentiary phase. We want to make sure we have the opportunity for discovery of resources of the actual case to make sure that we can get this right. As i said, for not only now but for generations to come and for elections to come. There is one january 5th in georgia. If we cant trust the outcome in georgia where thousands of ballots were found after the election, we got to make sure we get it right now, and for the runoff in georgia as well. That is coming up fast. That is the huge problem. Well make sure we get it right. Charles the problem, the guy in charge of it is a republican in georgia and he is saying there was no problems. These are obstacles that you have gone through. I think the public, if you look at these polls, there is a lot of support for what youre doing but i feel like the clock is ticking. So i appreciate you even taking the time to come on. I look forward to the next update, erin. Thank you, charles. Charles thanks. Parents are left scrambling after new york city closes school from now until at least thanksgiving. Why mayor de blasios actions doom the citys poorest students. The time is ticking for a covid stimulus bill leaving businesses and everyone else on the lurch. I will ask congressman mark green what can be done before the thanksgiving recess. Hes next. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. If you have medicare you may be able to get more benefits without paying more through a Medicare Advantage plan. Call now to request this free guide. Learn about plans that could give you more benefits from humana. A company with nearly 60 years of experience in the healthcare industry. Humana offers a wide range of all in one Medicare Advantage plans that include medical and Prescription Drug coverage. Plus valuable extras that may include the Silver Sneakers Fitness Program and mail order prescription coverage. With humana youll have lots of doctors and specialist to choose from and peace of mind, knowing youre covered for doctors visits and hospital stays. 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Humana, a more human way to healthcare. Charles so with new york city once again shutting down its school system, my attention is on a desperate situation of an avoidable achievement gap that will certainly become a lot worse. As it stands right now new York City Public School education proficiency for third through 8th graders is woefully low. 4. 6 in english, 47. 6 in math. Students in Charter Schools are doing significantly better, 57 and 63 respectively. The socalled achievement gap measures racial groups and educational proficiency is absolutely shocking. Black students population is 69 proficient in english as white counterparts. 53 proficient in math as asian student counterparts. The system is so rotten because it has little faith in the intellect of black and latino students. Later on 20 of the households in the new york met crow area lack highspeed internet connections. By the way, 750,000 students live in the homes. These children will fall much further behind. There will be schemes to fix this like setasides and affirmative action programs, taking spots and special high schools that rightfully belong to other children who earned them. Beyond high school the same politicians fight for higher minimum wage, Public Housing and free medical services. These paternalistic instincts sadly do not apply to black and latino children when it comes to Higher Expectations and a more difficult curriculum. As long as the parents of these children keep voting in the same politicians that have low opinions of what their children could become if given the proper tools and attention, things will never change. Hey, but dont worry, they got your back down the road. How about a higher minimum wage . Joining me now someone who has spoken and written about this a lot, particularly New York Post cool lumpist carl carol markowitz. The equity gap in new york city, for the mayor and School Chancellor say equity is important to them, as they have the whole time, they are covering up their tracks. The School Chancellor in new york city is trying to get rid of state tests so we cant find out what kind of disaster the school year has been for so many students and black and latino for so many low income students and people that dont have the correct equipment to survive a school year. I think there is no bigger inequity some kids going to school and other kids not going to school. We have schools 10 miles away from the new york city in the suburbs open, full time, every day, basically normal exempt for the masks. We have private schools in new york city that are open but not public schools. Charles think of, it is amazing. Private schools are open. The rich folks have the pods where they can gather the best teaches to give individual attention. It boggles the mind. This 3 threshold, it is such arbitrarily low number compared to the rest of the country. What do you think is driving all of this . You focused on this education problem for a long time. Yeah, well, that 3 number is completely fake number. It is not 3 of the population for example, having covid postively, it is 3 of tests. So that means every day they count on 98 of the test takers of covid tests to have no symptoms and be healthy. You cant count on Healthy People to be taking covid tests every day in order to keep your numbers low. That number is not real. Who is in charge here . Teachers unions. Bill de blasio bend together Teachers Unions. Governor cuomo being unwilling to step in no matter what he says he is actually the one in charge. Theyre cowering to these unions who run the schools. Charles where do you see this all going, particularly, i mention the curriculum and then some of the other aspects of it . Theyre not even focused in my mind on the educational aspects anymore. Feels like more and more social justice, politics seeping into it, Racial Justice . It feels like the situation is actually going to get worse particularly for students who are there to learn . Yeah. Absolutely. You know for a long time new York City Schools were in trouble. I think the state test scores are showing that. That we were behind in math and english and science and so son. And the idea that were going to get rid of grades as theyre trying to do for this year, have no failing grades, to have no state test scores, it is a way of covering up for themselves, not really showing what a huge disaster this year has been for so many students. I think we need metrics, we need to show what is happening on the ground in these schools and really, you know, hold those who did this accountable. Who treated children as if they less accountable. Charles we need accountability and we need more parents to keep pushing them because to your point, this Teachers Union is just all too powerful. Thank you very much. Always great seeing you. Thank you. Charles ceos of the largest u. S. Airlines are being forced to resort to begging congress for more money as the Companies Lineup for help with distribution after potential vaccine. Some help may be on the horizon. Just moments ago senator Chuck Schumer announcing that his staff will sit down with Mitch Mcconnells staff to talk about a covid relief bill. It cant be done soon enough. The latest round of benefits set to expire right after christmas. Joining me republican congressman mark green from tennessee. Congressman, thanks for joining me. Where are we on this . I feel the urgency factor changed dramatically in the last two weeks alone. These lockdowns, nashville in your state, eight people for thanksgiving, that kind of thing. Certainly there has to be a greater sense of urgency in the halls of congress, no . Youre absolutely right. It really isnt just all the halls. It is the halls on the left, our senate colleagues, charles, have sent many bills over to the house targeted, business specific bills, billions of dollars of relief and nancy pelosi just ignores it because it doesnt have a check for Illegal Immigrants in it. The democrats have got to get serious about helping the people who are in need and not their crazy wishlists. Billions of dollars to bail out cities, blue cities that have managed themselves so poorly . It is just not right. Charles well, there is no doubt that that number is going to go higher because those same blue cities with the highest unemployment rates are the ones who are shutting down taking the most draconian actions. The 59 billion cuomo said he needed a meant ago will probably be 75 b were not talking billions. The key number will be a t, feels like it. Joe biden says he wants this done immediately. He wants to be unifier, sticking with the 3. 3 trillion Christmas Tree thing pelosi is sticking to. As you point out it has so many things with zero to do with covid. Is there a compromise . 1. 3 trillion was sitting there beautifully. That money could be going out to americans and that was turned down. Absolutely. There is billions of dollars in the cares act still havent been spent. We put together a bill to try toe leverage that money, again pelosi held it hostage to her crazy wishlist. Im hopeful the meeting you mentioned it earlier, Chuck Schumer will sit down with mitch mcconnell. Maybe those two can come to an agreement on a bill that will, nancy pelosi will actually let us vote on, but it is just insane that theyre not. And interesting, you mentioned new york, the billions of dollars they say theyre short. Their revenues are actually up this year by almost 5 . They still need a bailout. Charles well, you know, they have got a lot of unfunded liabilities and Pension Funds and a lot of promises they made and a lot of checks to write. I dont think the citizens of tennessee should fork over money to write those checks. Youre with me. Charles in your professional experience, your heart of hearts, we know what happens. The stock market will crumble at some point, fall apart. People will be crying and screaming in the streets. Congress will get together to put something together. Why does it have to come to that . We saw, we saw a sense of urgency when this pandemic initially began. We tip our hats to everyone in d. C. For acting quickly and decisively. Why do we have to wait for massive crumbling of confidence, of spending of all the momentum weve got in this country before Congress Might get its act together . You know i had a really rosy picture i guess when i came up here to congress. Im finishing my freshman cycle now. I really believed that everyone, both democrats and republicans cared about the people and not power and politics but my eyes have been enlightened, nancy pelosi does not, leftists in the house, they do not care about the American People. All they care about is their own power, what theyre trying to do, look every single one of the wishlist things. It is about her power and her control. That is who nancy pelosi and these leftists are. It is sad. It is one of the biggest eye openers since ive been in congress. That is who they are. Charles if we dont get this money, it will be a pox on both houses congressman green. I appreciate every time you come on. Thank you very much, my friend. At 2 45 tammy bruce will take own the media whose constant disbelief, all walks of life, colors, shades, sexual, whatever it is they support President Trump. Believe me she is not going to hold back. First there is a Progressive Group linked to aoc is putting a lot of pressure on joe biden toe remake the economy by hijacking the Federal Reserve. Their pitch to him . He will be the 21st century fdr. Well be right back. 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 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. Birds flyin high, you know how i feel. Breeze drifting on by you know how i feel. Its a new dawn. If youve been taking copd sitting down, its time to make a stand. 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The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo. Charles come to grips with the fact there would be limits on what a Biden Administration could do to implement their ad call make over of the United States there is one Group Continues to nuture the idea of hijacking the Federal Reserve. The congresswoman alexandria ocasiocortez is putting forth its manifest so biden can tap into the fed for trillions of dollars citing the role the fed paid in saving big banks. Prior to that crisis the fed Balance Sheet was less than 900 billion. By november 20144 1 2 trillion. Today it is more than 7 trillion in counting. Walser Wealth Management Rebecca Walser joins me. Not that the Federal Reserve could not switch the mission to paying for the Green New Deal, considering is already switched focus being a social justice warrior. I know they have a dual mandate and doing more worries me. Your thoughts . This is what happens when people work outside the actual process after constitutional process and representative government. When you have a house and senate, Republican Senate and House Democratic you cant get the Green New Deal through. We designed it that way intentionally, the Founding Fathers designed it that way to prevent crazy, not saying costing 10 trillion t cannot get passed in the senate. That is why it was designed that way so we dont have things get through without you know, being really acceptable to the American People. Charles right but being that people are saying okay, we watched the big banks do all kinds of crazy things. When they got busted the Federal Reserve came to their rescue. The federal government came to their rescue. No one was asked, no one was given a vote. By the way if any money was made it wasnt shared with the average american, how do you convince them we should not hijack the Federal Reserve to print endless amounts of money for the Green New Deal, pay off student debt . Ultimately were already on a path to devaluing the real worth of the dollar but it is a lunacy idea i dont think enough people are paying attention to . You know, charles, the troubled Asset Relief Program during the Great Recession was very targeted because it was our banks. The Federal Reserve does have a role in the solvency of our money supply system which goes through commercial banks. There is a symbiotic relationship that made sense. The Green New Deal and social justice is not the purview of the Federal Reserve. You have to ask yourself if you cant get it through congress and you dont have china and india, which are the two Worlds Largest population and producing the most co2 and most actual toxic byproducts if theyre not willing to change anything, joining any paris accord, doing anything, why is america going through the Federal Reserve implement a system that will considers trillions of dollars with little to zero impact when china and india are still doing these things . The economics of it is honestly rid kruse. I agree. I agree. I want to talk about progressives pushing biden to eliminate student debt. It is interesting, the leftleaning Brookings Institute says that would be a huge mistake. 56 are masters degrees and 25 are the high earners. There will be donnybrook in the Democrat Party but the notion after cab driver didnt go to college, taking his tax money to pay off Student Loans of someone with a masters degree is nuts. This is not even addressing the problem. This is putting a bandaid over the symptom. The real problem is the value of a education. If you will graduate a degree that you have a student loan for that you will not procure a job that pays enough to pay the student loan, the problem is the degree. Not giving you something of value in the Economic Cycle in the market to go out to make enough to pay the loan. So why dont we address the actual Educational Value instead of putting a bandaid on it, well pay the loans of the education . Doesnt matter the education is not good enough. Lets have all taxpayers share in this . What about people that pay Student Loans . What about people pay it back . How is that fair to them . Like you said the cab driver didnt go to school and pay his taxes for people that did go to school and pay more for people to have better paying job . That is not fair. The real problem is the value of the education and not getting jobs. Charles rebecca, thank you very much i enjoyed the conversation. Unfortunately something well have to revisit more than once. The media tripping over itself in disbelief and anger, that President Trump supporters that they love them. By the way they arent all just white man. Tammy bruce react to that next. The remarkable study the big money difference you can make depending what time of the day you buy the market. You want to know this. Get out a pen and a pad. Well try to make you some money only pay for what you need. Liberty. Liberty. Liberty. Liberty. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 nx 300 for 349 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. To syour body needs routine. System, and well make your first months payment. Centrum helps your immune defenses every day, with vitamin c, d and zinc. Season, after season. Ace your immune support, with centrum. You know limu, after all these years limu emu and doug. Its the ones that got away that haunt you the most. [ squawks ] cause youre not like everybody else. Thats why Liberty Mutual customizes your Car Insurance, so you only pay for what you need. What . Oh, i said. Uh, this is my floor. Nooo only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles Washington Post oped is admitting that trump had a big tent, acknowledging that his supporters come in all shapes, size and colors. In fact shocked to see vietnamese immigrants, gay couples, blacks and latinos, with children at the march last weekend. Instead of celebrating diversity, the piece suggests these folks, millions others sufficient i like women locked in abusive relationships. Media disdain for 74 Million People ask sickening. More morn that is very dangerous as well. Joining me to discuss is Fox News Contributor tammy bruce. Tammy, im reading the oped, there was another one similar to it today. It is really remarkable because im so worried this disdain for President Trump will carry over and become a sort of a disdain and just in your faceness, over 70 million americans. Well, i have to say, charles, that i think it actually is the reverse. I think that the contempt for the American People has always been here as viewed by the establishment, viewed bit swamp and that is donald trump had mentioned throughout his campaign and presidency, that they really didnt hate him. That he was just standing in front of us. That we have always been the ones that they have wanted to smash and to quell and then we had a champion. That was his cry. So were seeing that in fact be the case. We were always once, for any large government, the individual is always the problem. That is why they were well on their way to having the forgotten men and women and donald trump elevated those individuals. I see that particular opinion piece and this contempt is nothing new. They also dont want to deal why trump was successful, his economic policies, National Security policies, and allowing us to be the future as an optimistic thing. Charles you know, i dont disagree with you on the, the disdain, the contempt and i think, just the ability to control, right . Because they had a lot of people, both Political Parties are controlled almost by the same elites. But i think now though, feels like theyre wearing it on their sleeve. It is more about being in your face with it. There is not, theyre not hiding behind anything. Theyre telling you every day when they write these articles that if you are a trump supporter you are dangerous. If you are a trump supporter something is wrong with you. It is akin to being in physically abusive relationship. That is what theyre saying in your face. That is the rye irony. All the us the fact we got good jobs, a future we rely on, that is somehow abusive but the fact is, is that youre correct. Before they had at least to pretend and they didnt go extra steps but now theyre trying to convince themselves that 73 Million People at least, somehow lost the game. We dont know what were doing and because, charles, they cant cope with the fact this election was a failure, despite the challenged results at the top of the ticket, it was a red wave and they were rejected and nancy pelosi is going to have maybe three to five votes she cannot lose to be able to control the house of representatives. They dont understand it. So theyre, and they dont want to look how they failed. So theyre looking at blaming the individual citizen. That is why the democrats fail. It is why they just dont deal with reality because they dont like what they see. They shouldnt because americans dont like their message t was a rejection of socialism, identity politics. That is what you see in the oped. It was rejection of cancel culture. All of those things they have been relying on. If they want to even at least think about surviving, theyre going to have to face the truth about the failure of their agenda and how it is destroyed nations in the past. Charles yeah. I dont think theyre ever going to face the truth as you just laid it out, tammy. Thank you very much. Always appreciate these conversations. Well talk to you real soon. Thank you, charles. New Research Showing a big money could be made depending on exactly when you buy. The last stock market trades you should be considering today before the closing bell. Well be right back app app so you can quickly check the markets . Yeah, actually im taking one last look at my dashboard before we board. Excellent. And you have thinkorswim mobile so i can finish analyzing the risk on this position. You two are all set. Have a great flight. Thanks. Well see ya. Ah, theyre getting so smart. Choose the app that fits your investing style. In connemara. Right connemara it is theres one gift the whole family can share this holiday season, their story. Give the gift of discovery, with an ancestrydna kit. 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. Charles the difference for buying the market at the close, get this, folks, buy at the close, sell next day at the open versus buying at the open and selling at the close. Can you say jackpot . The cumulative returns for buying the s p 500 right at the close since 1993, 813 . Conversely, you buy at the open and sell at the close, over the same time span, you have netted 10 . I want to bring in one of the best traders i know, keith fitzgerald. More than 800 return, it seems so easy so why is it so effective . Well, heres the thing. It is certainly tempting to go join the pajama gang, with those kind of numbers on the table. You think its going to be easy but heres the thing. Heres why this is happening. Number one, these instruments have become highly computerized. What youve got is traders passing the book around the world. It seems easy because big money is moving after earnings after the bell. The problem is for most investors they lack the Risk Management and the discipline to really deal with it so last thing you want to tangle with is a big investor who is better equipped and better capitalized than you are. I submit take advantage of that information, concentrate on the best companies, do your thing before the end of the day, knowing you are going to carry it for days or even years. Charles i do think it does speak, though, to sort of this notion when i started on wall street, the first thing i was told is that suckers buy in the first half hour of trading. Just not to be emotional, period. This says cut out the emotions and you can do a lot better. You do bring up earnings and we do know thats a big reason because earnings come after the bell and before the open and these names typically pop. So with that in mind we got some big names that are posting their numbers right after the bell today. You got ross stores, workday, intuit. Any names that might fit this thing we are talking about that could be big movers by the opening bell tomorrow . Ironically enough, not today. Im more focused on Companies Like palantir, tesla, microsoft, apple, some of which have stalled, some of which are moving, because those are the kind of things that will attract a lot of capital. Retail to me is still suspect even though we are shifting to the get out trade. Charles your overall assessment on this market. Weve got the c. P. Effect going in, although it might have been the news that schumer and mcconnell are going to speak, something put a spark into this market. It feels like its looking for a catalyst although consolidation is also not a bad thing, either. Consolidation, people forget that buying and selling have to both occur. You cant have one without the other. I generally am very optimistic looking into 2021. I think it could be one for the record books. People are aspiring to get out. They want to get out. They need to get out. They want to go back to work. All the things that are normal in our world. Great companies are going to reflect that. I think weve got a lot of room to the upside, even though we may have a little bit of selling against bad numbers from covid and concerns in the political arena. Charles so your message essentially is stay the course and a lot of guests in the last couple days have also said buy the dips. You know, i wont go so far as to say buy the dip because thats an individual decision. But stay the course is definitely where you want to be. You know that as well as i do. You came into wall street like i did. You focused on the basics, on the Great Companies that are making great products, the right ceos. Those are the kind of things that come or go, are going to be things you want to live with, cant live without five, even ten years from now. Charles this seesaw value, growth, value, growth, value, growth, it felt like value is finally making a big move. In fact, there has been an amazing sales rally in value since the march 23rd low, when materials and industrials, but it seems this market really cannot get that oomph it needs without tech leading the way. I call na tthat the barbell effect. Its like holding something in the weight room. You have heavy weight here and there but ultimately you push the thing higher or thats what i try to do. I could use some work in the gym but thats a different story. You have to have perseverance. Charles we will leave it right there. Perseverance, stay the course. Great information. Keith fitzgerald, appreciate it. Liz claman, got a little c. P. Effect. We were down and we are kind of getting momentum into your last and most important hour of trading. Liz indeed. You know what . It was minutes after your twohour News Conference where Rudy Giuliani alleged that a communist plot helped skew the u. S. Election, the Voting Machine Company at the center of his accusations is now fighting back. We are going to get you the very latest. Market yin and yang has investors hitting the buy button. The dow joining the s p 500 and the nasdaq in positive territory. This turnaround happened in just the last hour. Conflicting coronavirus news and econ data putting a lid on the rally. Two more companies revealing hopeful vaccine news, pushing it up. But then

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