Testing the alltime highs any day now but you still have to be selective folks im going to explain that to you meanwhile as biden climbs in the polls what does it mean for investors or will comments like these make it impossible for the democratic nominee to win in november . Were probably anywhere from 1015 of the people out there who are just not very good people. Charles ouch the 2. 0 and defunding maybe eliminating the police thats the latest rally call how will this play out in november and what will the police state actually look like . I wouldnt be around to find out but well ask President Trumps attorney, jenna ellis. Weve got a jam packed show for you on making money. Charles you know folk, i started on wall street in 1985 one of the first lessons that i learned is you listen to the message of the stock market and inform about the future of the economy, and in fact, probably better than any other source out there, and if youre wondering about whats the next six months are going to look like, a year even longer, you always look at the market and then really delve into the components for clues and this is not to say of course that the market does not make knee jerk moves based on emotions or over react to the downside or the upside, but daytoday activity has always been for it until recently, and now the stock market is always wrong when it goes higher, the market of course does telegraph much betterthanexpected unemployment report and of course, consensus got it all wrong. Now, the survey also though suggested that the job loss be temporary. The street didnt listen to that the adp number was much betterthanexpected and none of this matters to the folks providing individual investors with his and or advice and instead the market was up because well board millennials were just day trading. I asked everyone to do two things when this whole thing started falling apart. Do not take a loss of stock that youll regret later and try your best to make money on oversold market that was pricing , and now the market is still very selective and the economy is still fragile and the election will soon add another layer of complexity. Its called you want to take some profits but remember you cant make money in the stock market if you are not in the stock market. Joining me news rye bmo Capital Market chief strategist, brian b elsky. This is something, over and over again, when the market fell off that cliff in march, every news channel in the world wanted to give brian belsky on because he had been too bullish. You stood up and you stuck to your conviction, you stuck to your work, are you still as convinced . We are and thank you so much for having us. Its excessively humbling to be correct sometimes but guess what sometimes the market will humble you on the downside as well but i think it really speaks to your preamble in terms of the market is the best message of all and i think weve forgotten about that charles especially the last 20 years in this , i would call, the secular negativity that surrounds our business on wall street and we are so afraid to be wrong, we dont want to be right. We, needing consensus and i think we meet so many binary negative decisions in forecast in february and march and we kind of forgot that americas got the best companies in the world and oh, by the way theyve gotten Even Stronger through this and some of these deeply deeply negative consensus thoughts have traded the best buying opportunities in a generation whether or not you are pouncing on blood in the streets on the airlines or the hotels or the reit, or you are still playing the secular winners that were winners before covid, during covid and after covid, we still think that equities are the best place to be. We still think that north american equities including canada is going to be a great place to be the next three to five years as emerging markets and the rest of the world kind of try to right their ship on a fundamental basis so yeah, you need to be a fundamental investor, you need to look at companies, services, products, earnings, valuation, management, all of the stuff that you and i grew up in the 80s and 90s learning how to pick stock. Charles you know, to that point, dagen and i had a conversation on marias show this morning just the amount of fund flow out of domestically oriented mutual funds not just now but over the last few years it boggles the mind why people would use these products every single day. Tell their friends about these products every single day and somehow think they should be buying stock in a company they never heard of, dont know how to measure it, and of course, wall street is the one that leads the way with this all the time. Where does the disconnect come from . I think the disconnect comes from especially on the etf side charles quite frankly is is you buy because its easy to buy so you jump off the bridge because everybody else is jumping off the bridge . Thats the biggest problem i think with this whole notion of buying these instruments or not really understanding the multi assettype strategies that were in vogue if you remember a few years ago, and then you dovetailed into esg and what all that means is all these themes. The best theme of all are good Stocks Company goods and i think live by the rule if you dont know what that company does then stay away from it, and keep it really simple, stupid and buy those companies that you can actually understand and guess what . Weve got a lot of them here and a lot of them have been very transparent from the healthcare side of 5070 companies trying to chase down the vaccine whether or not its a drug company, Biotech Company or instrumentation company, i mean follow the trends and follow the news, but at the end of the day, you want to buy those companies again, that you understand what they do and those are going to be core parts of your portfolio for a long, long time. Charles yeah, the core parts of your life why not be part owner brian youre the best my man congratulations again, hope we have you back soon. I appreciate it thank you. Charles President Trump signing a bill to ease conditions Small Businesses have to meet in order to get those Paycheck Protection Program loans forgiven and just a short time ago, of course the president also praising todays blockbuster jobs report calling it the greatest comeback in american history. President trump i thought the number be a loss of 9 million jobs and it was a gain of almost 3 million jobs, ill go back to having the greatest economy anywhere in the world, nothing close, and i think well have a very good upcoming few months. Charles for more on this i want to bring in Senior Advisor to President TrumpKevin Hassett ive seen you making the rounds sin youve come back and you know, youve been cautious and optimistic but you have been cautious, so it feels like maybe even the white house agrees was caught off guard just how quickly how swiftly this economy is coming back. I would say that the only person in the white house that wasnt really surprised by these numbers was the president. You know the president has been super optimistic throughout and hes been even at times making a little bit of fun of me because im the one whose like oh, im really worried about the initial claims and so on but the thing is that the president s policies are working and we saw that today in the numbers that were really extraordinary. Think about it. The typical wall street economist missed todays number by 10 million. So were talking, you know, the miss is bigger than the population of a lot of states, right . Its just an astonishing astonishing bit of news, and we know why it happened too. It happened because the president and secretary mnuchin and the Economic Team designed policies to basically build a bridge for Small Businesses, 4. 5 million Small Businesses got loans from the government, so that they be there when the economy turned back on and they could bring their workers back and its happening way faster than we expected and dont forget, this is something you know better than anyone in fact you saw he quoted you. Youre going to put us all out of work on the economic advisors i think. Hes been watching your show but the fact is that the survey was early in the month. The 12th of the week of the 12th so actually now is, you know, were up against june, but if it were late in the month, imagine how good the numbers be and so i think that the june number is going to be Something Like this and it means weve hit bottom and were coming back way faster than, you know, anyone other than the president thought possible. Charles so the two other things i want to get to in a second with you kevin. The political station now of two thins, a second round, you know, and i think that we should probably go from calling it relief to stimulus but the second round of aid coming out of the federal government and i think youre right. The speed in which mnuchin put this together with the rest of the white house i think was the key. How do you keep that going when you have conservative economists saying enough is enough and then i want to ask you about the politicalization of todays number many people making light of the fact that the black Unemployment Rate ticked up of course they dont realize that 283,000 black americans got jobs last month but the median is going to drill in over and over again on negativity particularly when it comes to the black community so first, will there be another stimulus package . Yeah, there definitely will be but one of the things the that the president has instructed the team to do is to watch the numbers carefully, get as many realtime numbers as we can and have, you know, a menu of options for him thats conditional on how the economy is doing, and so if we have another bunch of job numbers like weve seen, you know, as going into july, then i could imagine it be a much different pace for a bill than if we had a whole bunch of months like april , and so the president is doing exactly the right thing which is he built a bridge that basically lasts until about the end of july, and so were going to use that time to monitor the economy and think about what the best policies are but im sure, there will be a phase iv deal because things like Liability Protection and so on that really has to happen. Charles right. And im sure you guys want to stay ahead. Thats what the key was. You dont want to linger too long. Just minutes ago are there specific plans other than the idea at the same time this all shifts to help the black community and other communities of this awakening if you will from Corporate America and others that maybe there should be some targeted help . Well yeah, theres been a whole bunch of targeted help since the president first got here, and thats why as you know , the African AmericanUnemployment Rate was the lowest on record as recently as january the jobs numbers actually did show an increase at almost 300,000 as you said, but i think that the policies that we have in place especially the opportunities of policy is something that has an enormous amount of potential going forward. There have already been specific policies but the general policies the tax cuts and the deregulation and everything made it so the Income Growth was higher for African Americans and unemployment was lower for African Americans so it was a much more just society in january then when President Trump took office. Charles january and february if people forget, Kevin Hassett, thank you very much. Politics are telling police no thanks they dont want their donations all of a sudden President Trumps attorney jenna ellis will give us a take on that but first, joe biden has channeled inner Hillary Clinton with his own deplorable moment and hes claiming up to 15 of americans are not very good people. At carvana, no matter what car you buy from us, you get the freedom of a 7day return policy. This isnt some dealership test drive around the block. Its better. This is seven days to put your carvana car to the test and see if it fits your life. Load it up with a weeks worth of groceries. Take the kiddos out for ice cream. Check that it has enough wiggle room in your garage. You get the time to make sure you love it. And on the 6th day, well reach out and make sure everythings amazing. If so. Excellent. If not, swap it out for another or return it for a refund. Its that simple. Because at carvana, your car happiness is what makes us happy. Robinwithout the commission fees. So, you can start investing today wherever you are even hanging with your dog. So, what are you waiting for . Download now and get your first stock on us. Robinhood. Do you think were as good as we can be as a nation . I dont think the vast majority of people think that. They are probably anywhere from 1015 of the people out there who are just not very good people. But thats not who we are. The vast majority of people are decent. We got to appeal to that and we have to unite people. Charles folks, thats the democratic nominee joe biden , hes saying that 1015 of americans are not very good people. Those biden remarks are widely criticized remarks by Hillary Clinton during the 2016 campaign in which he said that half of President Trumps supporters were called a basket of deplorables joining me is beverly halberg. I wonder when all of these folks are going to start calling you up because this seems like one of the worst selfinflicted wounds ive seen in a long time. How could a president ial candidate say that about the country he wants to lead . Well i think weve learned for a while that hes not good at communication. Hes been fumbling his way through this election, and frankly, i think the attack against joe biden are running themselves these days between what hes said and coming also a couple weeks ago lets not forget he said if you were a black american whose an undecided voter then you aint black. Look the Trump Campaign is going to use this and its really quite surprising that joe biden hasnt learned from Hillary Clinton, because many people s s comment was really the turning point in her campaign. Charles i agree, but here is the thing and its one thing to be an effective speaker and one thing to stay on point and be cognizant of the moment but another thing that maybe he believes that its in his heart and soul which really bothers me more than him fumbling. I agree with you and i saw one of the tweets you sent out earlier you were saying that you disagree with this internal poll ing of joe biden. I really think it was just off the top of his head. I agree with you its probably more like 1 of this country that are like truly dangerous to society but what joe biden is doing as well as many in our media, many of our elected officials we want to present this binary that youre either a good person or a bad person and they want to summit up based on who you vote for. So if hes going to lead with this division, if this is going to be about dividing americans out there which i fear is happening far too often these days, i actually think its a losing message for joe biden. Its not actually going to attract middle america. Charles im not sure, when this whole thing, the turning point happened like this , you know, when it was them versus us i know its effective. I know that it can lead to victory but it always seems to me to be a tarnished victory because youre left in a position of putting the pieces back together. I do want to switch gears also with you beverly and ill ask you about your oped in the washington examiner. You know, youve been really big on all of this with the socalled speech mobs, and now, what were sort of the same thing that youre talking about us versus them, putting neighbor against neighbor. Yeah, its really a shame what i hear from so many people they actually look at whats going on, they see the murder of george floyd and they say i want to help, but those of my friends who are wise as you know, im white myself often we feel like we dont know what to say so we are being criticized if were silent, if we speak up we dont speak up in the right way and i think part of this , are people who really dont want us to come together. There are Many Americans who say look, there is injustice we want to figure outd cops we solutions that help minorities in this country but we want to come to the table and have a productive conversation. My fear is that people actually dont want a productive conversation, my fear is that the people in the middle, that there are fringe elements out there who really just want to destroy any type of unity in this country, and i think were going to have to fight hard to fight against that. Charles yeah, theres a fringe element but there are also some longestablished institutions that stay in power as long as were at each others throats also. The element of fear is the calling card, always appreciate these conversations, with you beverly see you again soon have a great weekend. You too, happy friday. Charles all right folks. The push to defund the police is gaining a lot of steam in fact more cities are looking to cut funding President Trumps attorney jenna ellis willowing on that next also people are asking me if they should start selling because they are looking at recent polls that are turning against President Trump. Ive got the answers for you, the market implications of a Joe Biden White house, well be right back. The first and only full prescription strength nonsteroidal antiinflammatory gel available overthecounter. New voltaren is powerful arthritis pain relief in a gel. Voltaren. The joy of movement. New voltaren is powerful arthunlike ordinaryef in a gel. Wmemory supplementsr . Neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. Memory, focus, accuracy, learning, and concentration. Try neuriva for 30 days and see the difference. We were paying an arm and a leg for postage. I remember setting up shipstation. One or two clicks and everything was up and running. I was printing out labels and saving money. Shipstation saves us so much time. It makes it really easy and seamless. Pick an order, print everything you need, slap the label onto the box, and its ready to go. Our costs for shipping were cut in half. Just like that. Shipstation. The 1 choice of online sellers. Go to shipstation. Com tv and get 2 months free. Charles Democratic State lawmakers now getting in on trying to cut off the police. Several saying they will no longer take donations from Law Enforcement some have donated to the money already received. I want to bring in Jackie Deangelis whose live with more. Jackie . Reporter good afternoon, so as the protests continue against Police Brutality, democratic lawmakers are saying they will no longer accept Campaign Donations from Law Enforcement officials. They pledge to donate that money that they have received to bail funds and other Community Organizations so they are basically saying if money is coming from Law Enforcement, we dont want it. Saying it basically that were against the police, and in new york at least eight local democratic lawmakers have returned or redistributed a total of almost 30,000 in Campaign Contributions from Law Enforcement groups. Also, long time democratic new york city rep carolyn malones challenger Lauren Ashcraft sent out a fundraising email thursday that declared f the police, charles you know whats in that and she also said we constantly see videos of black people being attacked and killed police are murdering those , they are sworn to protect, republicans and democrats alike including rep ma lone have failed to enact common sense reform and scott wiener who represents San Francisco tweeted thursday he would not accept any contributions to his campaign from Law Enforcement unions and would also donate those that hes received so far to non profits. Serving atrisk youth of color and wiener told fox news hes donating 20,000 received from six separate Law Enforcement union organizations. In his tweet he ended by saying our political criminal Justice System is broken and needs drastic change. I want to be very clear about where i stand in this fight. Now, wieners opponent also a democrat jackie fielder fired back, basically saying in part, wieners actions dont account for 45,000 from his First State Senate campaign, and all of it falls short of a commitment to reject contributions from hacked funded by Law Enforcement associations no loopholes its not really enough for her there charles this is really amazing to see as this moves forward in the week of George Floyds death back to you. Charles it really is. I dont know, maybe theyll take 911 off their phones also. Thank you, jackie. Joining me now, folks to get reaction to all of this , President Trumps attorney jenna ellis and jenna, you know, in a way im not surprised so i talked about this in a fox business, fox news for over a decade. You could see the seeding of an antipolice Society Coming up , and of course, the george floyd video was enough to be a trigger to say okay we want to brush everyone with the same brush, but the notion that they would take it this far, i wasnt prepared for this. Yeah, this is amazing to see in our day, charles, and you know, but what were seeing is the result of the last 50 and 60 years of a cultural shift, and so politics is always downstream from culture, and when you take the legitimate authority base out of the context of america when you take god in society out of society and when you dont have an understanding of civics and what our Constitutional Republic is founded upon, then you dont have the understanding that we have limited powers of governments that are given to government officials to combat tyranny but you also have legitimate powers of government to combat anarchy and so this legitimate authority is what cultural marxist an those who want to undermine all of society thats really the root impact of that world view thats shaping america right now, from the progressive left. Charles yeah, but again, i mean, just boiling this down to large american cities, defunding their Police Department and this is different than saying lets retrain them, lets have different commitments. Lets takeaway their immunity from being sued. I mean, they could be some constructive dialogue and even some changes with respect to Police Policies that could address the general publics concerns but this goes a lot further than that, jenna. Theyre talking about dialing 911 and nobody shows up. Right and of course, but thats not their goal. Their goal isnt actual reform and to have a coherent rational dialogue and their goal isnt to say of course were against Police Brutality lets look at what implements and policy suggestions we can actually work in a functioning society. Their goal is to fundamentally transform america and you see that from joe bidens rhetoric and the progressive left. Charles real quick. Very quick, with less than a minute, weve got to ask you, seeing where some polls with president s approval is slipping with his key base, how concerned are you about this . Is this authentic . Is it real, whats happening here . Yeah, well you know charles im here at Liberty University right now and also senior fellow at the center for faith and liberty, Jerry Fallwell jr. And so many others of the president s base who are faithbased christians who absolutely support this president because he understands his job for america, he understands the rule of law, he understands the principles of liberty and freedom that america s politicos founded upon and so while we can critique the president s actions as Pat Robertson did i dont see at all that the president is losing his faith base here in america because christians are so for this president. I actually spoke with him just yesterday about how proud i am just as a christian on someone who supports him because he stands for true faith liberty and our Constitutional Republic and youre going to see that i believe in november with a very strong turnout from evangelical christians who understand that this president is committed to the american promise of freedom and liberty. Charles jenna ellis, thank you very much. Thanks so much charles. Charles all right folks on this topic about President Trump , you know, his economy was really riding very very high on all cylinders and then the coronavirus hit and now his approval numbers have slipped in some polls of course weve got a long way to go until november but its now time many are wondering how concerned should investors be and for that id like to bring in crescent Wealth Management, their top by jack abbott and i had two people call me yesterday saying should i be making changes in my portfolio based on some of this polling im seeing thats showing President Trump slipping. I mean, theres no doubt im not talking about wall street executives and the lib limousine liberals but the investment community, the stock market has enjoyed president President Trumps actions and how does that change things . Well it certainly could change the dynamic indiana the near term but i will say if you look at some of the factors that are going to be weighing on our economy in the future, what were doing right now is fighting a fire in the house and we dont really care what happens to the upholstry. Well eventually we are going to have to care what happens to the upholstry and so we have the center for the responsible budget projecting the debtto gdp approaching 120 we see a budget deficit gaping at 3. 5 trillion, so at some point, were going to have to reconcile that, and its democrats and republicans, obviously democrats are going to jump on that bandwagon first but i think that these numbers are so dramatic that were going to have to cope with in the future, that i would be remiss if i didnt start preparing my clients for a regime of higher taxes whether its from democrat s or republicans over the next three or four years. Charles now of course, i remember when president obama was in office and back then, the talk about deficits getting above 7 trillion, 8 trillion, 10 trillion, 15 trillion, and the cliff we always thought the cliff was a certain number and we find out that thats not the number. We were always promised that because we were near that cliff that someone was going to have to take action and even Political Parties that didnt want to would have to. Were also told that the feds Balance Sheet at 2 trillion was a peak, so i hear where youre coming from jack but i dont know that politicians will make this move until they say yes i know democrats want to raise taxes but they arent going to cut spending are they . Well thats it. I mean, i think that its a budget balance that has to, the numbers have to at some point add up, and youre right. I mean, i was out there flapping my arms in 2009 when the Federal Reserve expanded their Balance Sheet from 900 million to 2 trillion in very short order and yet my fears of a weaker dollar and higher inflation just never never really came to fruition, so i think that has policy makers saying hey, we can take our Balance Sheet from 4 trillion to 7. 5 trillion in a period of three months and do it with impunity and i think this also ushered in this whole notion of modern Monetary Policy that says why dont we just print money and write people checks and build bridges, so i think that at some point, were going to have to reconcile that we just, this isnt monopoly money were playing with here. Charles no its not jack. I tell you what i dont know whose saying the song take it to the limit but i know what could happen in november if biden gets in there. Jack always appreciate your wisdom my friend and thank you very much and i love that you admit you were flapping your wings. So Tesla Ceo Elon musk blasting his fellow billionaire for censorship and calling for it to be broken up and now amazon is responding and did musk actually get bezos to blink well be right back. I have the power to lower my blood sugar and a1c. Because i can still make my own insulin. And trulicity activates my body to release it like its supposed to. Onceweekly trulicity is for type 2 diabetes. Its not insulin. It starts acting from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease or multiple risk factors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. Were committed to helping ensure trulicity is available and affordable. Learn more at trulicity. Com. Charles its the battle of the billionaires folks elon musk setting his sights on jeff bezos after caption initially refused to carry new york former times book on the covid19, susan li joins us with more details susan dont you live it when the uber rich battle . I know a lot of people Pay Attention when that happens and yes that happened yesterday so we have amazons selfpublishing arm called kindle direct rejecting the new book and its called unreported truth about covid19 and the lockdowns on elon musk which has really been vocal about the nationwide lockdowns left to his defense tweeting at jeff bezos saying this is insane and taking it up further, time to break up amazon according to elon musk and its wrong amazon says the book was removed in error, now available for sale and we have notified the author. The author himself, alex beren son appearing on fox news suggesting it wasnt for a powerful voice in his corner maybe his book might not have been reinstated. Now theyve said publicly but not to me that they made a mistake. People can judge that for themselves but i think the mistake they made was picking on somebody or trying to sensor somebody who happened to have a big enough mega phone to shout back. Elon musk has a very big mega phone so headtohead here is a look at the two both are very rich obviously bezos a little bit ruche era round 148 billion and musk is around 343 billion and they are competitors in different businesses and electric cars musk has tesla but amazon has also invested in space since we know, jeff bezos has his blue origin, and musk of course has his spacex but its not just musk said maybe that amazon is too big. Weve also heard President Trump talk about antitrust when it comes to amazon since they oversee about 50 of the ecommerce market also Bernie Sanders and Elizabeth Warren contend that they dont pay their fair share of taxes but when youre this rich and both your stock prices have hit records this year, cant we all just all get along . Charles thats what they always say, susan. Thank you very much. Something tells me they will keep battling folks on wall street, you know, theres a saying when the market is higher , they call the risk on when people are buying the market and its up because, well, obviously theres a certain amount of risk when it comes to investing but you know, i think history proves or has proven in over 200 years the greater risk is not being invested, so its really amazing with that and then of course this morning theres a new report out and im sure you may have seen it on twitter already that not everybody seems to be happy or even can believe this was happening. Famed ecop omits sort of critical economist if you will, paul kregman, used the Conspiracy Theory saying this being the trump era you cant completely discount the possibility theyve gotten to the bureau of labor statistics and with more and where the economy is going perhaps for the rest of the year and into 2021, distributors Vice President heather zumeraga, moodys chief economist john law ski, and heather, when that tweet came out jason furman, he put out a million today he sprung, he jumped right on top, right on top of paul kregman and said you must be crazy. Thousands of people work at the bureau of labor statistics they are apolitical, professional and theres not even a 1 chance, there it is right there. He says theres no way and of course, paul krugman coming back saying give me an outraged push back over the possibility of the bls, i was just covering myself because so many weird things happened lately but i apologize for any suggestion that a highly professional agency might have been corrupt. All right, heather its one thing to be surprised its another thing to be upset. Too many people are upset today at great Economic Data in this country. Are they going to continue to be upset because will there be more great data . Well i think those that are democrats and those that are left wing will continue to be upset, doubting the data and thats why President Trump walked off the stage and kind of dropped the mic after the press conference when the media was pushing back on the positive. This is maybe the greatest jobs report of our lifetime, plus 2. 5 million jobs. Its still hard to say it and in one month and although yes, millions are still unemployed, if theres a glimmer of hope it was that in april, most of those that filed for unemployment, 78 , said that they think that its just going to be temporary so i think the media is just going to discount and continue to be debbie downers for lack of a better word, and you can not discount the data we received this morning. Its just a fantastic, fantastic day and a stunning number. Charles john of course now the bar is raised and the narrative has completely changed and now, many of those people are saying wait until we get the june data, but one thing i remember is every time ive seen you or every time youve been on our show you have been mostly optimistic because you do look at the actual data, you dont hear the politics of it all so where do you stand now . Well the underlying resilience of this economy is incredible. We have an economy we should all be very proud of, lets not forget the covid19 recession was the result of a National Health emergency that had nothing to do with what had been an improving trend for the u. S. Economy. Up until the start of 2020 early 2020 even, we had declining probabilities assigned to the likelihood of a recession in 2020 or 2021. Now, as we reopen the economy, as people are able to go ahead and spend some of this huge increase in savings that weve had over the past few months, no wonder the economy is surprising on the upside. As far as im concerned from what i can tell, this is the shortest recession ever maybe lasted three months. I think june 2020 will go down as the start of a new economic recovery. Charles heather, ill give you the final word. Well i cant still get over the big shout out you had today from President Trump saying Charles Payne is right and she optimistic, you and the president were the only two that predicted this jobs report and look we might not go straight up but the bulls are in the drivers seat now, charles. Charles thats it. I think absolutely right and americans are back to work and were just doing what we do as a country. Im surprised people doubt us that much. Heather, john, thank you both very much appreciate it. Thank you. Charles folks, ticketmaster is under fire as Ticket Holders doubt they will ever see the money they put down for postponed events they dont think they get it back so how ticked off are you over ticket refunds . Ive got a broad way play we didnt get to go see. Tweet me and see if you can get yours. Introducing new voltaren arthritis pain gel, the first and only full prescription strength nonsteroidal antiinflammatory gel available overthecounter. 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Charles from sporting events to theatre to concerts, events all across the country obviously have been canceled the last few months and while many Ticket Holders are being left in the dark about whether or not they get a refund Ashley Webster joins me now with more, ashley . Ashley yeah, hey charles the more i looked into this the more my head hurt because there are so many fine details and so many grey areas or merky areas its not always easy to get a straight answer. Theres a huge difference between a canceled event and an event that may be postponed or rescheduled and weve contacted these ticket brockers and let me tell you what the policies are and you mentioned ticketmaster they will indeed give you a cash refund if the event was canceled. Again this is the canceled column. And axs cash refund, eventbright cash refund with an approval of an Event Organizer and stub hub, credit only and ill get more to stub hub in a minute, so what happens , and if this event that youre going to is indeed just postponed or rescheduled . Well gets a bit more merky there ticketmaster says youll get a cash refund but with organizer approval in other words they are putting this on the company that organized the concert or the event. Thats where it gets iffy. If you do get approval then you have 30 days to claim your money back, according to ticketmaster. Same story with axs, eventbright , also relying on the organizer approval, stub hub , they will not give you a refund and we contacted them and said okay whats going on and they said look we just simply cannot give the cash away for all of these events and this is what they told us. It is currently impossible for us to offer immediate cash refunds to all buyers when the volume of cancellations accelerated a couple of months ago. We were the first in our industry to offer a coupon worth 120 of the ticket value. This is now our default option in canada and in the u. S. So, a lot of frustrated people out there, charles because look if you spent the money you yourself included and the event didnt happen, and youre being told its being postponed or pushed back, a lot of people say no, i wanted to say it on this day and now you havent provided that, so what want my cash back especially those who may have been hurt in the pandemic it may have lost their job and it can be a bit me rky, and this whole thing depending on the Event Organizer to me sounds a bit tough to deal with but look, the other suggestion was well why dont you just sell the ticket yourself in the secondary market i think thats a bit of an insult to consumers who have already coughed up their cash. Charles right. Ashley, one of our viewers said ticketmaster, charles, they did right by me. Aerosmith tickets for vegas for my wifes 50th about two weeks ago they refunded my money which was a pretty substantial amount. Ashley sure. Charles ticketmaster has a life long thats for sure. Thank you, ashley. Ashley my pleasure. Charles it really is. Coming up folks the market prov ing yet again that while the market knows, as the economy adds 2. 5 million new jobs. Well be right back. Look, this isnt my first rodeo. And let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Its just a loan designed for older homeowners, and, its helped over a million americans. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. 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Look, reverse mortgages arent for everyone but i think ive been round long enough to know whats what. Im proud to be a part of aag, i trust em, i think you can too. Trust aag for the best reverse mortgage solutions. So you can. Retire better. Charles breaking news, now the Minneapolis City Council just now voting that yes, on sweeping police reform, and now the list of changes including banning chokeholds this of course coming after four officer s were charged in the killing of george floyd, and after a cop named murder suspect himself was seen putting and keeping his knee on mr. Floyds neck in the meantime folks the stock market wrapping up a monster week with the nasdac on pace for a record close, i want to bring in Wealth Management ci o scott martin, gentlemen, you know, listen, youre my two friends, but ive been kind of, you know, you guys have been cautious. You made a couple grand slams and scott, your goal did move up but you have been a little bit cautious the market is on fire now, so ill start with you my man, scott. Where are we now . What are you going to do . Well what im going to do is keep doing what i have been doing charles which means that i get your point some of the talks weve had both on and off lately have been largely good. Its just that were not so much on fire like this market is because we werent on fire when the market wasnt, lets say in march, charles but one thing we did talk about a lot a couple weeks ago before i did cut my hair by the way which i hope you like, is the fact that we have to let go kind of like i did of my hair, some of the old names. You have to let go of some of the stuff that maybe got you here and start to play that catchup trade. So we talked about this a couple weeks ago abdomen jpmorgan, citigroup, some of the travel stocks, some of the airlines those are areas where id look for this catchup thing to go on where the s p may fatter here but those stacks Start Performing very well as they have been. Charles thats fantastic my man like youre going on a Job Interview. [laughter] charles every day is a Job Interview. Rob doesnt need a Job Interview lately hes been hot as a pistol but i think scotts point rob is right on. Its all about rotation right now, so the hot stock, technology, Communication Services theyve been wobbling but not financials, do you want to be nimble einto if to take advantage of these . Yeah thats exactly it and i think scott brought up a good point talked about this sector rotation and were seeing it in a big way if you take a look at the equalweighted index of the s p that was a huge laggard. You had basically 40 to 50 Companies Leading this market thats turned around and when you had the zoom run up charles what are you doing right now because i only got 20 seconds left my money. Yeah you got to buy the laggards we like peoples united financial,pbct, and also afflack, people getting back to work, both of the companies, thats where you want to start rotating your money to. Charles rob, scott, i apologize we dont have more time for you well carve out more for sure next time particularly with our hair cuts have a great weekend liz claman landing it over to you, dow is up only 850 points. Liz happy friday charles what a great number and so great to see. I mean look, at one point the dow was up more than 1,000 points, whoa have a great one. Breaking news that may jobs report stunner has investors pouring into the market at this hour, the nasdac is less than 59 minutes away from setting a new alltime record high and the dow which this morning crossed 27,000 for the First Time Since march 4 is still above it right now at 27, 182. Oil prices which just a few weeks ago were