F150. Impact of the americas favorite pickup truck and i will ask lauren fix about all of that and so much more on making money. Charles the market actually looking for some equalibrium today, folks after yesterdays drubbing. The signs that the about bounce run out of steam has been coming off for some time. In fact the glaring problem has been really broadening out the leadership, right . I talked about it a lot on the show. We need more stocks, more sectors to participate. Maybe financials will finally do that. Maybe they live up to the hype. They have been strong all session long ahead of the fed stress test. Those results after the close. The other glaring problem, how much of an uptick in coronavirus cases will stall the reopening of the economy. Now today both disneyland and texas hitting the pause button. Investors learned to live with pullbacks, corrections, even market crashes but how do you invest and make money when the overall economy is simply not 100 strength . I want to bring in Keith Fitzgerald of the Fitzgerald Group and walser Wealth Management president rebecca walser. Rebecca, let me start with you on todays session. The Banking Sector leading the way by the way. I was surprised. I thought they would be under pressure. People are knowing, if the economy doesnt come back where will they make money, charles. They will not keep buying like you said one sector, technology is all weve had. Financials, people are looking long term. Home improvement projects those things, home stores are doing well. So i mean it is sad for me. Im definitely a proponent of the v. I think its a little bit of an overreaction. So i cant wait for this to kind of normalize it out and people cant see the cases are big todo. I look to larry kudlow. He isthe same page i am. Charles let me pick up on that because last week President Trump as you can see, folks leaving air force one. He is in green bay, wisconsin, very busy day there. Well check back in a moment. Folks, the stress test were talking about came after the financial crash. They want to make sure the banks can hold up any event of adverse economic conditions. Now they have added a twist to it. To rebeccas point, vshape, u shape, w shape. There is issue here, ran dal quarles hit an issue about the dividends. Wall street takes 70 of capital allocate to buybacks and dividend. Some people believe the fed may stop that. Technically speaking the fed doesnt have any power to stop that. What it is going to come down to, ceos make a promise to their shareholders. I think is a very much a situation you and i are tailormade for. Invest in optimism. By the best, ignore the rest. You have to be very selective in market like this. You have to go with quality over quantity. To rebeccas point, keep things focused. They will broaden out but not yet. Charles there was investor on neils show, cdc saying perhaps number of americans who actually contracted covid19 is 10 times higher than the official number. That would be 20 million plus. I see that potentially good news. That mean mortality rates are lower. Maybe more folks out there with an at this body. There is a lot of confusion with covid19 and all Different Things are happening pause of the new rise. Charles, this is the Biggest Issue right now. People expand not feel any sense of calm when the drumbeat of, oh, my gosh, more people are sick, more people are sick. This is what you want to happen. I know it sounds ironic and reverse psychology you actually want a lot of population to have asymptomatic positive immunity through antibody testing. Even if the virus comes back virulently, people are immune to some extent that is what we want. That shows success. That is what vaccines are for, herd immunity. That is actually positive news. Im just so upset it keeps being brought up as negative, negative. If we have death rates go back up and hospitalizations that go back up and like beginning again, absolutely with you, i will be the first to say this is awful. We shut down once. Lets not forget what it did to our economy. Were trying to come back, we cant allow people to have their own agendas to keep scaring us from going back. Disneyland, theaters, basketball, when is this going to stop . Look, it doesnt help when you shut things down. We see. That we have examples now. Lets not pretend we dont have examples. We have examples of countries that shut down and countries that did not, if you look at the results, results are basically the same. There was no great impact. Why are we shutting down . Why . Why would we do it again . Got to stay focused and be positive. Charles we see it now also, we see it also, even to your point the unemployment numbers, the best five, six, seven states, never even shut down at all. Keith, earlier today, you put out a tweet, you will trim apple and microsoft, sold nikola puts, mentioned peloton and jpmorgan and questioned yourself on alaska airlines. Were trying to help our audience as they navigate the stock market. What does all that mean . Every day on twitter, thank you for mentioning that, i put in five that fit. If the trade the show, odds show vastly more successful. Many people fly by the seat of their pants. All im trying to do is put together my plan and share with people what is in my head if anybody finds that helpful. Alaska airlines i love it. Charles visa, jpmorgan, fence . Visa and jpmorgan. Yeah, i want both of these. Charles okay. Theyre great companies. Digital. Coronavirus improves their earnings over time. I think it is great. Thank you very much. Rebecca, i really appreciate comments you just made. I agree with you 100 . Thanks to you both. Well talk real soon. As i mentioned President Trump arriving in wisconsin moments ago. Its a swing state. It put him over the stop in 2016. But if the polls are right, which know, listen, we added caveat, asterisk, whatever you want to, he will have a tougher road getting the state and overall election. Right now joe biden is leading in those poles, recently by 11 points. 10 points in pennsylvania. Six in florida. Economists an investors i think at this point need to start at least thinking what will happen if we have a biden economy a biden presidency . I want to bring in university of maryland economist peter morici. Peter, yesterdays session,. The headlines read covid19. One. Aspects of the big drubbing yesterday, were Election Results on tuesday. Progressives won big time. Not just biden election im concerned about. It is progressives on the left were lot of clout and lot of power pushing him to do things he will not campaign on. He is campaigning 28 corporate rates. They would be significantly higher in my mind. Joe biden is campaigning as a moderate but in reality bringing a bunch much liberal progressives with him with a radical left agenda. We Bernie Sanders a group of platform committees. Five or six of them. Progressives doesnt do very well in the primaries are have half of the seats. Count own a lot a lot of new ta, corporate and income taxes on general principles. They will probably propose a wealth tax. They will settle for a Stock Transaction tax. Kind of people advising joe biden have been talking about some sort of financial tax for five decades. That is one of the first things i heard about as a graduate student. We really have to get this. It will turn lead into gold for them. So my feeling, you remember clintons carbon tax . Enter the Green New Deal. My feeling it will a barrage of taxes. Charles well, a barrage of taxes and a economy that will obviously still be limitping not at full strength, because of covid19 no matter what happens. What does that mean . If were looking initial jobless claims still near 20 million. 50 Million People filed for unemployment since this thing blue up. How do you put those antigrowth measures into an economy like this. It sounds like dynamite . It is worse than dynamite. They will try to justify it they will spend the money on growth initiatives. Telling the people of city of new york that they cannot use automobiles after 2030 is not pa growth initiative. After all the Green New Deal would have us bring food into the city through the holland tunnel with horse carts because electric vehicles wont be ready by then. My feeling it will be disasterous. It will be absolutely disasterous. You might, think what you want of donald trump. I mean a lot of people are unhappy about his tweets and personal style and manner, but when you elect a republican, you bring in a proprivate sector, proprivate Group Political appointees. When you elect the democrat you bring in the obama administration. Its a riot but the progressiveses thought obama was too moderate. Well, joe biden is campaigning as a moderate but reality he will give us obama ii. Charles yeah. Real quick, less than a minute. A lot of progressives are saying all of these things youre talking about, nonissues, because the Federal Reserve already proven it has unlimited Printing Press and that they will be able to aid in all of these wonderful packages that, all freebies that were going to get . I dont think the Printing Press is unlimited. Were in very unusual times. Global savings have been spiking. There is an appetite for dollars. Were essentially feeding that unhinge appetite. We printed about 3 trillion so far. But that doesnt mean you can print 30 trillion over 10 years or even over four. So my feeling is, if they get in, and they unleash, put someone like shelton at Federal Reserve well get hyperinflation on the tune of the Weimar Republic this is not unlimited. This is not an unlimited franchise weve had. We had bankrupt change and increase in appetite for dollars and weve satisfied it. Charles so what i take away from this, Biden Victory i want to invest in wheelbarrows. Got you. Not only that, the worst of all possible worlds, high unemployment, high inflation and Interest Rates at end. Ronald reagans misery index . Break the thermometer. Charles thanks a lot, peter. For all that great news. I appreciate where youre coming from. I think youre right. Later in the hour, tale of twomodes of transportation. One was supposed to revolutionize how we get around. Another was supposed to be antiquated vehicle no longer needed in modern urban world of america. Guess what . Experts were wrong again. Attorney for President Trump jenna ellis, conservatives lost the culture war from statues being toppled and black lives matter vowing fear faction if the system is not changed. If the country doesnt give us what we want, we will burn down this system and replace it. And right now, is a time for action. So, for a second time were giving members a credit on their auto insurance. Because its the right thing to do. Were also giving Payment Relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. Right now is the time to take care of what matters most. Like weve done together, so many times before. Discover all the ways were helping members at usaa. Com coronavirus discover all the ways were helping members announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. Plus, you want the security trusted by some of the Largest Companies in the world. And thats why you trust us. The most Reliable Network in america. vo at whether on the track,that exhor the everyday drive. Ty, today, that philosophy extends to how we connect with you. We call it, audi at your door. Whether a remote test drive, shopping, tradein, or even service pickup, audi at your door can do this and more at participating dealers. The premium audi dealership experience, on your terms. Audi at your door. You say that customers maklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. The moment people start destroying property, now cops can be fired automatically, what, what is this country rewarding . What behavior is it listening to . Obviously not marching. But when people get aggressive and they escalate their protest the country listens. Charles folks, new yorks black lives matter leader says he is ready to burn down the system if change does not happen. The fight taking aim at Christian Faith over claims of white supremacy. Joining me trump 2020 senior Legal Advisor jenna ellis. Jenna, youve been in the thick of the fight back and forth of social media. Youve been the target of these things. Last night the interview with martha maccallum. Some pretty, pretty damning statements there about burning down the system. Your thoughts . Yeah, charles. Truth is under attack right now in america. The liberal left has been pedaling a lie that objective truth no longer exists but it is just my truth versus your truth, completely detached from objective morality. And so our founding principles in america recognized that truth is selfevident that the true gospel of jesus christ exists and that our founding principles of america and western civilization hinged on the recognition of this moral truth and so where weve been for the last 50, 60 years, is eroding this selfevident truth that all men are created equal. Were endowed by our creator with certain unalienable rights, among these are the life, liberty, the pursuit of happiness. What happens now, conservatives. Neil particularly republicans are not attacking top level issues rather than attacking foundational world view that the left says truth no longer exists. We need to go from here, attack their lies, bring it down to the root level of world view. Truth does exist. Were in reality god has presented us. That objective truth and founding principles of america are the only way that we can move forward with life, liberty and freedom. Charles right. So youre suggesting perhaps a change in tactics. You know the reason i mentioned that, in Financial Times today there is an article saying that the conservatives lost the culture war. They said the right was naive about the free market and power of the arts saying, you know, you underestimated hollywood, you underestimated academia. You thought free markets would be the answer. All of those are the reason why leftists have won. What do you say to that . Yeah, i think that it is true that the conservatives really, especially the church in america has retreated from law and politics and they have kind of given this over to the liberal left. We allowed them to redefine things like marriage. Were allowing them to redefine the term sex to include Sexual Orientation gender identity that doesnt mirror reality. What we have to do as conservatives to reclaim that truth. Reclaim the truth of founding of americas principles and actually fight back. This isnt just a secular Playing Field where the legislature or our government is founded on any sort of racism or that type of narrative but really understanding that the soil purpose of government is to preserve and protect the rights and equality of every human being made in the image of god. We have to participate in politics. We have to participate in law. We have to participate in culture. Truly understand that america was built on freedom an opportunity, not these false narratives that the left is providing. Charles right. So we absolutely have to do that. Im here at turning point usa today, in the fal kirk center, we provide literature, you understand the comprehensive world view, not the one or two political issues. That is where conservatives need to fight back, comprehensively. Charles i can tell you right now, if they do continue to burn down cities or, you know, go from toppling stated statue, any kind of gains the left may feel they won they will squander very quickly. Jenna, always good to have conversations with you. Well see you again real soon. Thank you, charles. All right, folks, the new f150 comes out today why it is the ultimate symbol of americana. Vice president pence joining the unveiling of all electric pickup truck from lordstown motor. What is blue gas and why are investors so excited about it . Well be right back yyeah yeah hey, hey yeah apps except work. Rywhere. Why is that . Is it because people love filling out forms . Maybe they like checking with their supervisor to see how much Vacation Time they have. Or sending corporate their expense reports. Ill let you in on a little secret. They dont. By empowering employees to manage their own tasks, paycom frees you to focus on the business of business. To learn more, visit paycom. Com. Charles Vice President mike pence in ohio for unveiling of lordstown motor for unveiling new all electric pickup. This was opened in late 2019 after General Motors closed the plant. Hillary vaughn joins us with the latest. Hillary. Reporter Lordstown Motors is electric vehicle pickup is proving to be electric truck pickup wars beating out major competition. Lordstown motors on competition to get all electric truck on the road before major automakers like ford, gm, tesla. Vice president pence was there in lordstown, ohio, to debut the truck showing up on stage in style taking a ride in the endurance ev. They originally planned to show up with the prototype in the auto show in detroit this spring but that was canceled by the coronavirus. Soon to be the first fullyelectric pick up truck in the markets in the United States of america. Ladies and gentlemen, i give you the lordstown endurance. Its a nice ride and im a truck guy. Reporter th is a comeback story for manufacturing an for the white house that has been fighting to bring jobs here, not see them leave, after gm closed their manufacturing plant in lordstown leaving hundreds without work. It was brought back to life by Lordstown Motors who bought the plant and brought manufacturing to the community. President criticized gm for shutting the doors and president is at seeing the competitor roll a truck off the line. This is crowded electric truck space. Ford is working own all electric f150 and General Motors making all electric version of the hummer. Ford all electric ev does not have a date when it is supposed to hit the market. They did show off a prototype last summer. Gm had a protype ready for may but that was stalled because the pandemic. Lordstown moats says customers should receive their road ready rigs in january of 2021. They already have 14,000 preorders. Charles . Charles hillary, thank you, very, very much. Well it is, the ford f150 versus twowheeled segway. Remember one was supposed to revolutionize transportation, and the other one, it really did. Ford fseries trucks ranking among the largest biggest selling Consumer Products by revenue. Segway which was the most hyped invention since the macintosh, you guys remember that, it its ending production now. Cheryl casone talking about. That cheryl. Reporter hillary talking about electric trucks i will get to ford. I will start with traditional Motor Transportation and most popular, the f150. Its a cash machine for ford. They overhauled the pickup after selling 900,000 of these guys last year. They spent 42 billion. They will unveil the latest model for the f150. They need the cash cow product to drive Restructuring Plan to pay off debt related to coronavirus. F150 accounted for 37 ever the automakers vehicles sealed in the United States. Stock is up fractionally. The stock has struggled to be frank with you. The truck ranks near apple iphone among the countrys biggest Consumer Products ahead of android operating system and refrigerators, believe it or not. The fseries is larger than mcdonalds, nike, coke and starbucks. Half a million jobs created. 49 billion to the u. S. Gdp. Thank you, ford f150 well get a look at the new truck tonight. Im kind of excited. Im from texas, charles. Im a truck kind of girl. Compare it to the segway. There is no comparison. Segway is ceasing production. The two wheeled selfbalancing contraption looked fun but was not practical this is different from a time steve jobs said at the time it would be bigger than the pc. A lot of hype around it. So i am going to segue, get it, back to the ford f150, charles, ascend it back to you, to hillarys report about gm, ford really needs to deliver when it comes to electric trucks. Theyre behind the curve with the f150. It will be interesting to see if they can play catchup to gm. Charles ford is behind the curve on a lot of things. F150 kept them afloat. Well see if it keeps working its magic. Thank you very much. Folks i want to bring in the car coach, lauren fix, for more. The f150, amazing story. The product dominated its industry for 43 straight years, generating more revenue for this country than anything outside of the iphone, costs exponentially more than the iphone yet people are talking about they must hit it right when we see the big unveil later today. What do we need to see . We need to see more technology, more capability. Remember people buying a ford truck are using it as a work truck. They are really are truck people. Theyre also using it for lifestyle. It is not about new roller skate in town. Not about having the new groovy, technology because if you want that you call one800elon musk. What theyre doing is building great trucks that do what they say. There are lots of rumors. Potentially generators and lots of great stuff well see. I have a ford truck i have to admit. Theyre the best trucks out there and they hold up. Charles apparently theyre focused on power to your point. They will drive that home. But there amenities right. Large screen in the middle. I got a navigator late last year. We have the navigator with the big giant screen in the middle. You can be lulled to feel like youre in the living room. Full fold down front passenger seat. Maybe original ford truck owners are spinning in their graves but there is something to be said about those items as well, right . That is true. I am a big fan of the navigator. It was north american truck of the year two years ago. So you have got a great vehicle. I think the thing ford is doing they actually get feedback from the consumers. Find out what they need, how theyre using it. They have implement. That that is part of what you see as far as technology. Tonight at 8 00 they will have a reveal. I will be watching it like everyone else. Charles real quick, two things. Are you okay with where the Auto Industry is now . You have got to tell us about blue gas or blue hydrogen. Because investors circle people are talking about putting big money into this. Apparently nikola has been a hot stock in part because of this as well . Right. Im a big fan of blue gas. What it is basically hydrogen. If you think about what is going on in the world. China was saying they will go all evs. Now they heard about all the fuel cell technology. This is to evolve over time. They have put in 66 billion. They have the largest fueling station in shanghai. So you will start seeing this more and more. Anheuserbusch bought 800 trucks. Everybody is starting to get into this. The duke energy put 250 million into blue gas. That is something you need to watching. Fuels up a vehicle under five minutes. Want a charge. It hours and hours. It is lighter vehicle. Always with big potential. Im a big fan. Charles no wonder elon musk hates it. Lauren, thank you very much. Thank you. Charles breaking news, folks for you right now. Speaking of billionaires, amazon founder jeff bezos says he bought the naming rights for the new nhl arena in seattle. Instead of calling it amazon arena, it will be called climate pledge arena. House the wnba, hockey teams and feature green initiatives, powered by 100 renewable electricity and reclaimed rainwater, and ice system to have the greenest ice in the nhl. Well go back on the cultural war conversation when i speak with former oklahoma congressman j. C. Watts. You will not want to miss it. Needles. Essential for sewing, but maybe not for people with certain inflammatory conditions. Because there are options. Like an unjection™. Xeljanz. The first and only pill of its kind that treats moderate to severe rheumatoid arthritis, psoriatic arthritis, or moderate to Severe Ulcerative Colitis when other medicines have not helped enough. Xeljanz can lower your ability to fight infections. Before and during treatment, your doctor should check for infections, like tb and do blood tests. Tell your doctor if youve had hepatitis b or c, have flulike symptoms, or are prone to infections. 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Charles so, folks, we know the culture between the left and the right it, has been an old tale for the long time but the left is now declaring victory, witnessing local and national changes since the death of floyd floyd. Hard to see where good ol conservative values are staging a comeback. Former oklahoma congressman and founder of the black news channel. J. C. Watts. You were a budding superstar in the republican party. Charismatic, i thought you were example of why conservative values were winning over the nation. It sorted seemed to fade. What has gone wrong there . Well, charles, first of all thank you for having me on. I think, charles, the adults have left the room. I think, you know, its become an us versus them. If you look at whats going on in the Police Community or Law Enforcement in the black community, you know, when it, when the black Community Says it is us versus them and police force says it is us versus them, that means the adults have left the room and thats not good for anybody. And i think for the most part, we just abandoned, jack kemp used to talk about conservative common sense. I think weve abandoned common sense on so many fronts. When it comes to the culture war, its become totally a political game today rather than, you know, how do we listen to each other to learn from each other, or to hear each other as opposed to listening to each other to respond, to each other. So when these things get over into the arena of politics, it is just kind of katybarthedoor towards common sense. Charles yeah. Its, you know, you could kind of see these things happening. Retreat from church, retreat from the belief in god. Retreat from i think, rejection of large institutions particularly. And just sort of this, this faith, this lack of faith in the greatness of america seems to be the underpinning for all of this and that is what worries me, because, you know, obviously america is not perfect but jc, there is Nothing Better than america out there. We always improve. We steadily improve. Well you know, charles, you mentioned the church and of course i grew up in a family of pastors. Im a minister myself, still get to preach seven, eight times yearround the country somewhere and reverend king mentioned this. Reverend Martin Luther king, he mentioned once, he said the state should, he said the church should be the conscience of the state. The state should not be the conscience of the church. And i think, even when you see people of faith who operate in the political arena today, you often see, their politics navigating their faith as opposed to the faith navigating their politics. And i think regardless of what side of the fence youre on, left, right, republican, democrat, liberal, or conservative, i think when the faith community, when liberals, conservatives, republicans, democrats, black, white, when we get to the point that we dont have the goal, or character to stand up and say two plus two really isnt six, it is only four, and then we go along to get along, charles that hurts us all. And especially it hurts the least of these. So i think that the church, if the church will stand up and be the church, not just in one community but all communities, then it seems as though to me today, because many in the faith community, we are so, we are so pleased to have a seat at the kings table that were not prepared to hold the king accountable. I think regard lets of what side of the fence youre on, accountability and truth and character, we have to make a stand and say that those things still matter. Charles very poignant and we just have a little bit of time but i want to ask but the black news channel. Why do we need a black news channel now which of course youre running . Charles, for one simple reason, i think the black news channel gives all of america, especially the black community, opportunity to see more comprehensive picture of what the black community is. We often see you know, 17yearold black men in handcuffs being carted off to jail for some knuckleheaded decision they made and that happens in the black Community Just like it happens in every other community. However, for every 17yearold africanamerican male you see being carted off to jail, i can show you 50 that get up every day, trying to figure out how am i going to make my mother proud of me today. So i think a more comprehensive theme needs to be told in terms of wellness, current affairs, economics, culture. We are more than athletics and entertainment. Im not beating up athletics because i came out of that background. Charles sure. But im saying the black community, the charles paynes of the world there are, athletes of the world. Charles thank you very much. It has been an honor to talk to you. We went aover. We had to hear what you had to say. It was all fantastic. Good luck with the venture. Well invite you back real soon. Look forward to it. Thanks, charles. Charles meantime, folks, oops, they did it again. The government sending money to dead people. Wait until you find out how much they cent. No wonder more conservatives dont want to put more stimulus out there. Always underneath the surface there are buying opportunities. We have you covered as we head into the last hour of trading. announcer reliability is everything. So, if your networks down, youre down. Verizon knows your customers need to reach you seamlessly. Your team needs to work from different places across many devices. 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The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. Everything is installed in as little as a day by a kohlercertified installer. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of mind. Ask about saving up to 1500 on your installation. Charles the federal government got it dead wrong. A watchdog reporting more than million americans who are dead received covid19 stimulus payments. Get this folks the tally . 1. 4 billion. Could mistakes like this make it even harder to get any conservatives on board for another round of stimulus . Go to the wall street journal opinion writer jillian melchior. Jillian, congressman thomascy, tweeting this is the tip of the iceberg of waste in this bill. He is one of the conservatives pushing back against the notion of anymore stimulus. 1. 4 billion is a shocking number. It really is but it is totally predictable. We see this anytime there is a government program. Waste, fraud, abuse are completely standard. Et cetera specially with this program, how quickly they pushed it out. I think problems were inevitable. Now what disappointing about this in particular it is not a new problem. You saw last stimulus concerns in a similar way about money going to the dead. Gao raised red flags about this. Here we have the same problem yet again. Charles 1. 1 million dead people got checks. The problem, a lot of people had trouble getting initial stimulus checks and a lost Small Businesses had trouble getting ppp checks,. When they hear this they will be livid. By the same token, initial jobless claims was out. It was not a great number. Weve seen 12 weeks of sequential declines. I personally think we need another shot in the arm for the economy. Conservatives say, not now, this is more proof we should hit the pause button. Stories like this what inspired the tea party movement. Every dollar were spending in stimulus money now takes out of future growth. There is real reason to be caulker schuss about it. Cautious bit. I think the solution is partial reopening. Because our economy just cant sustain this forever and no amount of government emergency measures this is indication how clumsily theyre administered and how dodgy the cause and effect is here. Charles so we had texas today put the pause on some parts of the reopening plan. Disney put the pause on one of their parks. But youre saying we have to find a way to open no matter what, not no matter what, we have to find a way to reopen because the alternative would be a lot more stimulus you say well have to pay a big price for down the road . Absolutely. I think these indefinite shutdowns are not the way to go about it. We have to figure out a way to live with it. Completely shutting down the economy is one extreme. Taking no precautions, not wearing a mask. Not doing social distancing is another extreme. I dont think that most americans fall at either of those. I think they want to get back to work. They want to get the economy going up and running and they want to figure out a safe way to do it. Charles let me leave it with a amen to that. Thank you very much, jillian. Thank you. Charles google will start paying publishers for their stories. The first step the Company Calls a new news experience, starting in germany, australia and brazil. It happens later on this year. Googles move follows calls by antitrust regulatory groups in australia and france, and many media executives the company was giving away content for free while they have to pay to write and produce that content. Heading in the right direction. Could be fireworks for financials when the stress test comes in after the bell. We have a preview what that might mean for your portfolio next and we dont know exactly when the stock market will reach its bottom, weve got to be prepared for this to last a long time. If you assume that youre out of work for nine months but you end up only being out of work for. That selling carsarvana, 100 online wouldnt work. But we went to work. Building an experience that lets you shop over 17,000 cars from home. Creating a coast to Coast Network to deliver your car as soon as tomorrow. Recruiting an army of customer advocates to make your experience incredible. And putting you in control of the whole thing with powerful technology. Thats why weve become the nations Fastest Growing retailer. Because our customers love it. See for yourself, at carvana. Com. Charles stocks on thin ice right now, fractionally higher but recently, the final hour of trade has seen these rallies wilt. Part of the problem is maybe the market was simply overbought, overvalued, even though almost 400 s p names are down for the year. So how do you make money in such a very selective environment . I have two of the best to help us with this. Nicholas Wealth Managements David Nicholas along with pointview Wealth Managements david dietze. Got to go with last names here, guys. Nicholas, start with you. Its not hard to argue we had a 46 rally from the lows, intraday lows on march 23rd to the high point a couple weeks ago but where do we go from here . Yeah. You know, with the vix of 35, as investors we have to expect we will see volatility. The comeback has been massive. I just think as an investor, look, weve got to have the understanding that theres going to be pullbacks. This is a time to buy positions you have been wanting to buy. I think until the vix gets below 20, we will see more of this. I dont know, you may disagree, but i dont think it would be unhealthy to see a 10 to 15 pullback. I almost feel theres a malaise over the market that we havent seen that yet. I would actually be encouraged if we saw that to get it out of the way and move forward. Thats why my outlook is still really strong. We should expect some pullback in the short term. Charles i dont disagree when they happen, most of the time they are healthy, nicholas, because deeietze, its part of investing anyway. There wouldnt be a channel, none of us would be in business if there were never pullbacks or corrections. By the same token, i like seeing rallies tested and if they hold, i like to make money from them holding. Todays action is pretty good compared to what we saw yesterday. I did a couple things today but i mostly have dry powder. Where are you, dietze . You are usually pretty aggressive. Yeah, absolutely. I agree with the other guest. Look, a pullback here would actually be healthy. We are on track with perhaps the best quarter since 1975. It cant go in a straight line. We are seeing some issues in terms of the reopening of the economy, but youre not going to have that national lockdown. We would actually look at the financials here. Its almost like y2k because people are so nervous about what the stress tests are going to tell. I think theres a little bit of sole the rum sell on the rumor and maybe some buy on the news. Even if banks pull back their distribution policy, the market is telling you wells fargo needs to reduce its dividend, it will probably have to do that but investors will breathe a sigh of relief because they will put them on firmer ground and they can go from there. Thats one area, the financials. Charles you know, of the 11 s p sect oors right now, only three are up. The financials are up substantially. Is that one of the things we are looking for, leadership outside of those names that Everybody Knows by now . You talk about buying dips. Everyone, we buy the dips, we go right back into the same names because they made us money time after time after time but we are seeing there should be more opportunities. Thats what im looking for, a broadening out of this rally. Yeah, absolutely. I think a broadbased recovery would be good. My contrarian play is financials. I think financials are set up to rally powerfully when the gap between expectations of writeoffs are met with the reality that the situation for banks at least in the Second Quarter isnt going to be anything like the first quarter. I like leadership in a space like financials. I think if you want a play, a recovery sector, for me thats financials. Charles financials. Again, they are doing well today. Ameriprise the number one perform tlhere. We just had Kansas City Southern up, almost 3 . Earlier takeover rumors, david dietze. What about acquisitions and mergers . We havent seen that sort of thing happen even when we saw the sharpest bear market in history, businesses too afraid to make these mergers . Now it seems like the time that you would do these. This is the time. Obviously the potential targets are down. The problem for a lot of acquirers, they like to use their own stock and for many, their currency is less than where they want it to be. Charles okay. I think its just going to take more time. I put a good word in for home builders. You know, stay at home is going to be stay in a new home. Charles okay. Got to leave it there. David and david, great information. Always fantastic advice for the viewers. Liz claman, they tried to pull it down on me but im giving you a solid ten point dow rally for the last hour of trading. Liz thanks, dude. Thats jaereally generous of yo. Ten points. Actually, negative 1 now, charles. Im going to get blamed for that. Charles its all you. Liz thanks. True friendship there. Yeah. Guys, we have had very choppy trading and the reason is that markets are caught in the coronavirus tugofwar once again. We did have stocks, all three major indices pushing