About investing, the stock market, real estate retirement, not just for direct investments by for everybody else in this country. Lets meet the investment pros. Chris, welcome to the show. Check out hilary kramer. She looks like a movie star. And of course not to be upstaged, we have scotty with us. And matt mccall, founder and president of his financial group. Thank you so much for being here today. Stock set an alltime high today yet we walk around this building and it does not feel like it. I remember doing a money show in 2000. Some of you guys were probably here. It was maybe 20 times larger, threestory boost it was euphoric. None of that today. But theres something to be said about that because we have come a long way with the stock market. And you want to improve your lives, you want to make more money, you want to control your own destiny. But what is the problem and why is this happening . I think its a combination of factors and a lot of people are skeptical of the markets and i think a lot of people are skeptical about where america is going and many are more or less throwing in the towel and that is not how we became the greatest country in the world. So what you think it is remap we are at an alltime high and yet its not palpable. I have been here a couple of days and everybody is concerned about the economy. We can talk about this and the dollar theres one gentleman that i spoke with. Out of the 10 different presentations i heard i her 10 different things. And i think that once you figure it out, are Companies Going to grow the earnings. What does that mean for the market and so forth . It is the economy. Its very interesting, what i have noticed in talking to everyone on the street and in new york city is that there is so little faith in our government and the president obama, and i think it starts there. And then there is so much from 2008 and 2009 in a financial crisis and many people who know those who have a return to work. In many ways we have had an economic revival, the stock market is magnificent, but there are those that are still not back to work. Chris says the economy, hillary says politics. If you agree with chris, let me know. Or is hillary more on point with a lack of leadership that has people worried . [cheers] [applause] im going to say its both. I think its a lack of leadership on the economy that has made people lose faith. I think that we see these numbers touted by the president and by the fed. Unemployment is down or better than we were eight years ago no we are not. Im still having to pay more for milk and gas. Despite these prices going down in the past few months, people say that and its nothing against saving, but at the same time we want to restore the confidence in the economy and let people start spending again. The economy, leadership we could have sat here 6. 5 years ago and said the same thing. But youre sitting here. The bottom line is corporations are making more money than they ever have. So youre sitting on the sideline. Meanwhile youre going to work an extra five years because of that. What i will add to that and believe me, you will hear a lot going up into the election and a lot of this is factually correct although what they are insinuating is wrong. Corporate profits at an alltime high that as a percentage of gdp and an alltime low. Those profits are not coming from america. When apple reported their earnings 70 of phones sold outside of our country listen i have no problem with the rest of the world nipping at our heels, competition makes us great. But we are fighting this fight with one or two arms tied behind our back. This is why i think you guys have legitimate reason for being frustrated and so to lie. I talk about this every single day. If we would unleash the greatness of this nation, instead it feels like the mentality of those in charge ,com,com ma they look at america as a group of pirates and we have robbed people and now we need to divvy up the loop. They dont have any real belief in capitalism or free markets or the idea that every individual can pull themselves up by the straps and this is resonating more and more. Sometimes its a higher stock market makes it worse. That is something that we have to think about. And it is the economy, obviously, but why is the economy in the position that its an. Looking at the leadership the policies being put forth, the growing regulation that is strangling companies, you look at the inabilities. When Companies Make money overseas and they bring it back and they repeatedly that, no other civilized nation Punishes Companies for doing that we are the only ones the Tax Companies for making a profit out of side of this country and bringing it back. So what are companies doing . They are keeping it overseas. Does anyone in the audience like to pay taxes twice . [cheers] [applause] the only way that i think that this is going to get fixed maybe you we start in philadelphia, he brings life to the idea that we have serious infrastructure issues even if it was caused by a manmade situation. A train going 100 Miles Per Hour on a 50mile track. Two weeks ago they were running trains in japan almost 300 Miles Per Hour. So just the idea that we cant even take a train at that speed should scare you guys we invented it as well. The great revolution of the economy. The trains and planes. And i think the administration would love to hijack this and love to take it from the companies. It is up to corporate america. If they can get this money back home at a lower tax rate and the administration wants to take this home, that could be the compromise. Between you and i dont thinkthey are going to spend money on infrastructure. You guys remember the 800 billion stimulus plan. Do you see any great deals around your neighborhood . Is a little bitty bridge that nobody uses and its still broke. You have to be kidding theres no accountability for the money. This puts up another problem. The attraction washington dc does not look at its going to change. Hopefully we are going to have a complete change in leadership and payroll taxes simplified reduced and i love your idea in terms of infrastructure, that all of this money abroad, tens of billions of dollars comes over. Keeping cash oversees the db nines the company, its done because of regulation and what the government has set for the policy. Lets not demonize apple for keeping money overseas but the white house because the rules that they have created have forced apple to keep that overseas. They are going to do whatever they can to the letter of the law to minimize their tax exposure. If you want to change it change the taxes. We are going to talk about that and a lot more. We are live in las vegas with a beautiful audience. [cheers] [applause] i see trees of green red roses too i see them bloom for me and you and i think to myself what a Wonderful World music i hear babies cry i watch them grow theyll learn much more than ill ever know and i think to myself what a Wonderful World music oh yeah [cheers] [applause] welcome back to making money we are live in Las Vegas Home of the money show with an amazing audience and now we are going to do some questions and answers. Id love to know what youre thinking and we are going to start with las vegas. You have a question on Interest Rates remapped. Yet. You want to know where they are going . And by the way have you guys seen Interest Rates over the past couple of weeks to its absolutely nuts. Federal reserve may not raise Interest Rates until next year. They may not but there other forces in the market. We have seen what has happened with bond yields in america and particularly in europe or its a questionable thing. Yields will go up because the economy is better, theres a sense that maybe theres more inflation. When we think about inflation we think negatively initially although people love to read the value of their assets in place in their paychecks and plays. And so we have a wage recovery. Its a little bit confusing but artificially low. And what can they do . How can they raise them . Our economy is in a lot of trouble. And so how do you even how do you justify this with the risk that they have taken if you cant Say Something is better . And at the same token i dont believe that they are going to raise rates. The bond yields will start to go up more than where they were. And randy from las vegas. Welcome to las vegas. Thank you. Are you ready to make some money . Youre helping before. My question is, if its easy for me to get into the bond market, my dilemma is when to get out and im looking for recommendations on buy and sell and hold canadian and cisco. I think that there are polls right now. Its a great question. Getting out is always pretty difficult and i think people in general are predisposed to taking a loss. Three months later the stock is down 20 and someone says you killed me again. If youre going to take a 20 loss why would you not take a 20 gain . I email you. Those solar stocks, that stock looks pretty good. Thanks a lot. We really appreciate it. My question is Interest Rate. Is there anything that can derail this market . There was a report out today, they talked about it falling apart, like it or not they are very important to the global economy. The european situation is getting worse and greece is becoming the first domino. And you know, with main street has not bought into this recovery. People are not taking the bait and we can simply slide into a recession. First quarter gdp will be revised probably to a negative number. There is political influences, but they are right on it. Its china and greece. Thank you guys very much, we really appreciate it. [applause] hows it going . I have a question on preferred stocks, it seems like it can be an important part of a dividend providing portfolio. Im curious why this seems to be in focus. Gives you a greater degree of comfort less volatile than general common stocks and i dont know why we have a limited amount of time and im not sure why we dont talk about it is like im not sure why we dont talk about utilities. Perhaps some could find it boring. But from a position that you are talking about its extraordinarily important and i think that they play a role. What i would say is dividends they cannot fix it but the number of stocks out there its almost a very big market with many niches. Charles if you have something that is a part of your portfolio from i think you should stick with it. Thank you guys. Coming up next more audience participation. Make sure you continue to send me tweet. Stick around and we will be back. I never felt all that special. But in the wake of an earthquake we can all do something. When donating goods, its hard to know whats needed. So, now its my turn to help. Aid workers can spend me locally. Where i can help save lives. Someone is doing better because of me. Together, we made that happen. [baseball crowd noise] [x1 chime] [crowd cheers] oh i cant believe it [cheering] hi, grandma just because im away from my desk doesnt mean im not working. Comcast business understands that. Their wifi isnt just fast near the router. Its fast in the break room. Fast in the conference room. Fast in toms office. Fast in other toms office. Fast in the foyer [pronounced foyyer] or is it foyer [pronounced foyyay] . Fast in the hallway. I feel like ive been here before. Switch now and get the fastest wifi everywhere. Comcast business. Built for business. [cheers] [applause] welcome back we are live at Caesars Palace in las vegas and this is the place to be. Check out this beautiful audience. Give yourselves another round of applause. [cheers] [applause] charles lets keep the questions coming. How is it going . Its going pretty good. Charles will are you making any money outside of the market . No the markets enough for me. Basically common wisdom the stocks are expensive but if Interest Rates stay low, doesnt that make them cheap in the aggregate . Yes it makes them cheap in the aggregate. You sound like warren buffett. First of all common wisdom and conventional wisdom, whenever someone says that back in the day it meant it was wrong and contrarian. I try not to preach the market is much as great individual companies and their portfolios, but there are some names that are obviously overvalued. But think about this no one can argue the valuations and biotech over the last couple of years have been stretched and that is putting it mildly. You we saw were a Biotech Company expected a premium. Try to look at your portfolio on an individual basis overall the market is not at a place where it would be overvalued based upon past times of enthusiasm euphoria, we started this show talking about the lack of euphoria out there. As for his relationship Interest Rates its cheap web relationship Interest Rates. Thats why people argue its the only place to be. If money starts coming out of the bond market that could be the impetus to take it to the next level higher. Thank you. We appreciate it. Come on up buddy. How is it going . Good. What is your question we met. My question is about dollars. Since easing was announced on the dollar, it has come down. I think that the dollar will probably continue under some pressure, this is just my opinion. Its tough because every nation in the world is planning a race to the bottom of course if we started and try to get currency as cheap as possible, see there is a problem. If you try to do this, its a flawed strategy. Getting us back to the idea that we have true free markets. We wouldnt have to have a cheap product. Think about germany. We overpay for german cars and copy coffee machines we dont care where the euro is we want a german product would pay a lot of money for it. People around the world want an american product. And he wanted to talk about the dollar. A strong dollar is ultimately a good thing. And the world want and this is where investors all over the world want to put their money, in the united states. It hurts us internationally but then again it is always a good thing. Charles thank you, we appreciate it. [applause] how are you doing . Im doing good. Did you come from the bar to. [laughter] no, arizona. [laughter] im starting to come out of high school and im in investments, what would you recommend for me and other young investors . Charles first and foremost i recommend stocks millennialist right now are 50 cash they are putting more in their 401ks which is a good sign and also i recommend that you invest in yourself and not be afraid to start businesses. But i think you guys are the ones that determine what is cool. You know it before wall street knows it. So think about what is in your world and i bet you can tell the answer better than i can. But we talk about this all the time. Yes we do i wish that there were more responsible 14yearolds like that right there. Heres the thing with whether were talking about young people are people that are starting to invest under armour nike using facebook especially at a young age you are encouraging her children and grandchildren and that gets them excited. And i always say make sure that you do not rent a stock that you own a stock. Thank you very much. Lives for mossadegh guess. Hello i love your show, i watch it every day. My question is do you buy or sell or hold . A lot of the pressure came because oil crashes, it has a lot of ramifications. Its a hard business to get into. And so its pretty tight. I think if the American Economy comes back, i happen to like it and they have a line that goes into panama the new panama canal is opening up and its going to be absolutely amazing. And i wont argue that its not sexy it doesnt fizzle, they have been under some pressure. Thank you very much. Coming up taking a look at some of the candidates breaking down their economic views of what it means to you and we will tell you all about it when we come back from las vegas. Announcer live from Caesars Palace here again is charles payne. [cheers] [applause] welcome back live from charles welcome back, we are live from Caesars Palace. A politician once said it is the economy. Well he may actually play a role in this thing. Because the bottom line, we want to know what the next president is going to do to fix this economy. What we want to do is talk about what the 2016 candidates may or may not say. Hillary clinton she has not announced or economic agenda that a lot of people will say that she tries to run the coattails of her husband. And again, if you listen, it seems like she is being pushed to more taxes, more regulation taking money to people that are in it. Lets talk about this with our political expert, everyone is wondering because there are so many candidates out there. But what plan should emerge . Most of them sound exactly the same and a lot of them are advocating this you have someone like rand paul that wants to continue to reduce spending and then you have scott walker who says im going to reinstate this. But that is the problem as why we dont have a clear front runner. Talking about tax rates from 35 to 25 and hes actually putting numbers out there. Well, we saw president obama when reelection win election and real election talking about how specifically the bush cuts tax were, so marco rubio is going to say thats his plan and the American Public is going to say okay . Well, the American Public is going to get marco rubios plan and his attack on did you have any idea or capital gains. Anybody on the audience like that . [cheering and applause] ive got to be honest with you, charles im a little bit more cynical theyre angling for votes and when they get elected, its a very different situation. So how are you going to determine who theyre going to vote for. Well, im going to wait and see what theyre talking about, we dont have anybodys full economic agenda and we wont until we get narrowed down. And charles, i think a lot of people this year unlike other president ial years youre going to see more of a emphasis on the debate and you had of out who really knows about the economy and who is just the gop debates, you cant get 73 people on the panel to debate weve got to leave it there. Move on. You can save that thought. Well talk about it on the break, in the meantime we are live at the money show, beautiful las vegas, in the meantime were going to go back to the audience with their questions and keep tweeting also. Well get to some of those also. Thank you. [cheering and applause] announcer were live at the mo