Home. Dr. Nicole saphier will weigh in on that news. House Speaker Nancy Pelosi says she sell whoing firm in negotiations for stimulus to the american people. More proof that President Trump had to take matters into his own hands. Well hear from steve moore and congressman matt gaetz coming up. All that and more on making money. Charles well i think todays action coupled with yesterday reflects that the market is sensing continued improvement in the economy and also a belief that a vaccine happens sooner rather than later. Remember yesterday it was the travel stocks and Airline Stocks were rockin and socalled covid19 winners, they were hit hard. Part of this belief is being fueled by evidence. Take for instance the tsa travel data coming in at the highest level since late march. We had some false alarms this year on all the names. I want to bring in david nelson and Wealth Enhancement Group senior vp, nicole webb. Nicole, weve seen the travel stocks popped big, casino stocks and then they kind of came back to earth but this time feels like this is something more, there is more traction. Could we be seeing where the economy and learning how to live with covid19 is enough to get these stocks moving until we do get a vaccine . I think we are all, all of us, are ready to coexist with covid19. The enthusiasm is there. I think the jump back into travel, jump back into entertainment stocks, it makes sense. It shows rally behind pent why youup consumer demand. We could see consumer discretion nary spending. We saw rv sales go through the roof with covid. What does everybody need in the road trip . I heard in preparation for joining us, a little rumblings about airbnb looking for an ipo. In this time while we may not be ready to head back into hotels, were not heading into restaurants but were all looking for kitchens when we head back out to get out of the house. Charles nicole, remind you to tell me my rv store one day. It is pretty funny. David, consumers certainly stepped up to the plate. Weve seen that over and over again. They have been aided too by a lot of money sloshing around. You are seeing the data, whether it is yesterday, the jolts report came in with a million more jobs than wall street anticipated. Report after report, sector after sector, it feels like this economy is still in a vshaped recovery. That could pick up momentum obviously if we do get a vaccine. There is a fair amount of data to support what youre seeing in the market today. It is not just here in the United States. Pmi data outside the United States is above 50, a sign of expansion. Even some of the covid data is starting to improve. Seven Day Moving Average for new cases is starting to roll over on a national scale. For me the holy grail of factor analysis, that is starting to move north. Goldman raised a number on 2020 earnings up 115 to 130. The numbers in 2021 are starting to rise as well. Charles so funny you mentioned that, because another reason im pretty optimistic, this earnings season, remember coming into earnings it would be the worst ever . It was going to hurt the rally. A lot of pros on wall street said stay away. Turns out 188 companies in the s p 1500 offered higher guidance. The ratio of negative guidance to higher guidance is up. Up 700 from the normal ratio. How surprising to you, how consequential this earnings season been . By the way has it moved you at all . Have you made decisions based on it . Twofold. One on earnings front, still a bad number, down 34 yearoveryear. Charles im talking about the guidance. David, im talking about the guidance though. In the history of the market this has been the biggest turn around in guidance. It is. Charles stocks normally down 3 . Its a huge bump, granted. That i still have a lot of large cap secular growth names that helped protect me in the pandemic. But i had to sell a lot of those. I had to trim them down to make rooms for some other names. Industrials, key place to be. I dont care whether you shop at amazon or shop at walmart, somebody has to make it, somebody has to deliver it. That is the industrial sector. Very cyclical. Charles right. I am extremely overweight in the industrials, maybe too overweight. Nicole, let me go back to you on this whole thing this, whole earnings, guidance part of it, obviously has become more important than the numbers themselves. I think considering how opaque it was in the first quarter, where it was negative guidance or no guidance at all, Corporate America is more optimistic than folks out there understand or know. To your point, charles, a lot of guidance was based on bias, looking backwards, the underlying fear, having never been through this before. The resilience, durability, cash on sidelines. We saw a lot of companies pivot swiftly. That create this is positive Consumer Sentiment as well. Vshaped recovery going back to what you said before. Trajectory were on, it is creating this exuberance in the marketplace with pentup demand. I think it could be a really interesting august. Charles we havent talked about this a lot in the last few months but buying tech on weakness. Earlier today we saw a pretty nice reversal in tech. Brought the nasdaq into the plus column. It is waffling a little bit there is a report out earlier today that might have helped sparked a little bit of buying. Online shopping forecast to past last years total by october. David, i want to go back to you. Maybe not surprising i think overstock. Com, for instance, that stock made a 20 point reversal to the upside. Obviously there are names reacting to this. Its a massive move off the bottom for overstock. A little bit too rich for my blood, 444 times earnings. We understand the Amazon Effect f youre a row tailer out there you dont have a op line presence you will not survive a lot of people looking at big box retailers the place to be. I think you should avoid that. Stick with the names that got you through this, amazons, overstock, some of the others. Charles any on the call, any names or parts of that you liked . Obviously if were really buying more. If we made the transition from general merchandise being bought more online and re brickandmortar, what are other ways to take advantage of that . I think we need to look at the Ripple Effect much anything. I dont think we take the investors to move them direct too retail purchases. We can talk about the infrastructure around it as well. The distribution. The movements weve seen in the carrier space. In conjunction with that, thinking about things like the infrastructure around cell phone towers, cell phone usage, 5g, going to mobile, epay. There are some ways we both adopted and adapted to the covid environment and a lot of ways it is likely to stick around, long past some return to normal. There is a lot of ways to pick up exposure for this shift. Charles yeah. I love idea of the payments. These payments stocks have been on fire. Fintech has been on fire. Ive been in and out of American Tower and crown. Again they make the big towers that will ultimately get us that 5g. I like where youre going on there. I want to circle back to this earlier russia vaccine news. There is a chance we could get vaccine approval in america before the election. Now if that happened, i want to know two things, what would it mean for the markets, what would it mean for the political landscape, david nelson . Im not sure that enough time for to make a real big dent there. It would be certainly great news. I think ultimately the United States will probably come up with this i dont think it will be russia. With theyre doing right now looks like a phase one trial at this point. They certainly dont have the safety protocols we need but i think the message from the market and the message from americans is we want to go back to work. We got to go back to work. I dont care trillion dollar fiscal policy or three trillion or five trillion. That will not do it. America wants and needs to go back to work. Charles amen, my brother. Nicole, i give you the last word. Im right there with you. It is an impossibility for us to return to any semblance of normal until we have the ability to go back to work. Until we can safely put our kids back in schools. I think were moving closer and closer to that. To vaccinate people, well need a stronger, well need a stronger country name behind it. I dont think americans will feel confident taking a vaccine from russia or china. I think it will come here, from home. Charles yeah. I, i think you both are 100 right. I know im a hard pass, thats for sure. David, nicole, thank you both very much. Thank you. Charles speaking of Vladmir Putin he is claiming that russia has been victorious in the vaccine race but when are the dangers lurking behind that announcement . Dr. Nicole saphier will sound off on that next. There are millions of californians without a job. Why is that state focused on shutting down entire industry, awoke industry, a industry where millenials were feeding themselves . We have details later in the hour you doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Charles folks, break out the confetti because russia has become the first country to approve the coronavirus vaccine. Of course the announcement has been met with a little bit of international skepticism in part because the vaccine has not been subjected to largescale testing. Ashley webster joins you with more. Ashley. Reporter just a little bit of speculation, charles, there is no doubt there is a lot more questions than answers about russias claim to have indeed developed the worlds first covid vaccine. Scientists very quick to point out the vaccine has yet to go through those crucial phase three trials where it would be administered to thousands of people. Instead, according to reports, this vaccine was approved after less than eight weeks of human trials. Doctors say that raises serious questions about health risks. Take a listen. You would have expected that any, any country or any Pharmaceutical Company that was doing vaccine trials would have announced their early trial results and would have given you a lot more information about the product and how it works and what its sideeffects may be before you would have announced it was approved. Reporter indeed critics also claim that russias push for a vaccine no doubt partly due to political pressure from the kremlin, putting National Pride ahead of sound protocols, basically wanting to portray russia as a global scientific force but russian president Vladmir Putin says that the vaccine works and said at todays announcement, quote, i know that it works quite effectively. It form as stable immunity, if you want to believe that. Putin also says one of his daughters has already taken the vaccine, and quote, now she feels well. She reported a temperature early on. Now the vaccine will be marketed as sputnik 5, honoring the worlds first satellite sputnik 1, launched by russia all the way back in 1957. Kremlin says largescale production could begin next month with mass vaccinations in october. Charles we should also point out that the russian vaccine is not among the World Health Organizations list of six vaccines that have indeed reached phase three Clinical Trials that involve much more widespread testing in humans. Just word of a vaccine today, you can see what impact it had on the markets. Charles it has had some impact although the market is lot smarter than that. I think the market senses someone has a ream vaccine, ashley, but it aint russia. Thanks my friend. Joining us fox news medical analyst, dr. Nicole saphier. Dr. Saphier, i think the idea here the world is really galloping ahead trying to get this vaccine, probably the greatest Drug Discovery effort in the history of mankind, isnt it . Lets go back all the way to the space race. Feel as little bit about that again but throughout time we have seen a lot of races trying to get hiv treatments and now coronavirus. I wouldnt necessarily get into a spaceship that was rushed i probably wouldnt take a vaccine that has only been used in 76 patients and hasnt even gone through phase three Clinical Trials. Very concerning, charles. Charles it is very concerning but i got to say also, some people have, for a long time said our process takes too long. Although, you know efficacy and other things obviously matter, dont they . Undoubtedly, charles, it historically taken a lot longer than even now. President trump since he taken office has done what he can to cut the bureaucrat i can red tape. When it comes to safety and efficacy were not cutting through the red tape. Thankfully we have the fda overseeing everything being done. The good news, charles, we have multiple vaccines going through phase three Clinical Trials right now. One in the United States. All being fully transparent with other nations unlike this russia vaccine we dont know hardly anything about but as i have said multiple times, charles, the vaccine isnt the end all, be all, we are dancing with this virus for a while. The good news were already seeing decreased case fatality rates because of the therapeutics and we are continuing to protect the vulnerable and protect those in nursing homes. For the second day in a row, charles, the United States as a nation is seeing a decline in cases. Charles right. I think only four states are seeing a rise. Of course now we should take this russian news with a grain of salt but there is a lot to be optimistic about as you talked about. One thing, Johnson Johnson says it will produce a billion doses of its vaccine, have that ready by end of the next year. It is one thing to have a vaccine. It is another to make sure it is ready to go. That is something very different right now than were seeing before. President trump with his operation warp speed is doing what he can. As theyre entering face three Clinical Trials. He is saying lets ramp up manufacturing. It is a little gutsy. Only 1 3 of those vaccines make it to face three will prove successful and be available for the general population but they dont want to skip a beat, charles. Hey, lets give it a shot. Well ramp up the production, if it works it will be available and be available as soon as possible. Charles all right. Doc, hey, always a pleasure to see you. Really appreciate it. This, were getting there. Thanks a lot. We always appreciate you especially during these periods. As we wait for a vaccine, a cheaper, lesser invasive coronavirus test could gain fda approval in just a matter of days. It is already gaining fans in the nba. Edward lawrence will explain. Edward. Reporter this is a group of researchers from the yale school of Public Health and they have created a spit test for the coronavirus. The fda is on the verge, as you said of approving this test. It is called saliva direct and when its approved it will be given basically free to any company or lab that wants to use it. The will only cost a dollar to 4 in order to institute the test going forward. Researchers say they want it to be widely available and help states reopen. The students partnered with the nba to perfect the test. An nba spokesperson said working with the nba to support research for Public Health is a league priority. Were encouraged by contribution much players, team, league staff are helping the larger fight against covid19 by advancing this new testing technology. Another benefit to this test is that people that give the test, it lowers their risk because there is no coughing or sneezing potential for it. Just listen to this. It is also more safe because if you dont, you know, have the risk of people starting to cough other sneeze, which can happen with you take the swab. This is simply, slowly like spitting or expelling saliva into a tube. So that is indeed less invasive, more safe. Reporter once you spit saliva into the tube, three hours later you find out if you have the coronavirus or not. Charles, did i mention theyre giving it away for free to any lab or company that wants it. These tests are sold on the market, or charged to insurance, anywhere from 20 to 200. Theyre looking one to four dollars for this one. Back to you. Charles wow, pretty good stuff. Edward, thank you very much. Meanwhile, folks the Dow Jones Industrial average on pace for its longest winning streak in 11 months. The s p, were this close to an alltime record. The great news is big wall street experts well they have missed this rally. In fact they have been dissing it all along but they will have to play catchup. Meanwhile millenials are rocking. Coming up real stock ideas from millenial traders. Well be right back [indistinct radio chatter] mom come on, hurry up all systems go . Mission Control 5 4 3 2. And liftoff. vo audi etron. The next frontier of electric. Get audi at your door Remote Services through participating dealers. An extra 15 credit on car and motorcycle policies . Wow. Ok thats 15 on top of what geico could already save you. So what are you waiting for . Idina menzel to sing your own theme song . Tara, tara, look at her go with a fresh cup of joe. Gettin down to work early following her dreams into taxidermy oh, its. Tax attorney. I read that wrong, oh yeeaaaah geico. Save an extra 15 percent when you switch by october 7th. Give it up for tara charles so a few weeks ago we brought you two realtors who took the plunge into day trading. They had pretty good success after facing uncertainty in the Housing Market initially. I want to bring them back. We hear theyre making money right now. I will get that right one day and real estate bloker, stan the trading man. Weve been following you at least i have, not every day, but on twitter. What i love your optimism. Wall street pros say you will eventually get wiped out. You bring us favorites. They have made mindboggling moves for the year. Stan, i want to ask you, your decisionmaking process what making you buy and hold something. Risk management. Catalyst. Where you know it is buying or holding. Little red days will not impact you very much. Market down trend a few months ago i went pdc over 25,000. I just made it. I plunged down to 17,000. No way im selling my positions. I know what i have. I know what it is. A week later requests up over 36,000. I knew what i had and. Charles they think millenial day traders are buy in the morning and flat at close. Is that the case . There are times when im day trading because i hold i hold on i know the value of it. I know it will pop off the news or pr or earnings call. Im very confident i have done the Due Diligence in the stocks. Charles so then how long would you hold a position, for instance a bankrupt company like jcpenney, how long do you hold that . There was interesting news out yesterday perhaps something happening with Simon Properties and old jcpenney stores. Im not sure how that impacts them. That extremely dangerous. That is what wall street is talking about when they say you guys wont make it long term. What are they missing . Jcpenney ive been holding this for last two months. They filed chapter 11 bankruptcy and there is a lot of speculation that amazon buying out retail space. Jcpenney has brickandmortar. There is Court Hearing tomorrow. There was wall street journal came out, wall street journal article came out on jcpenney and form a landlord partnership. It would be awesome. Jcpenney is iconic charles it would be. It is going to see where that goes. That is obviously in the highrisk category. Stan, i want to come back to you, the topic much stop. Do you use stop losses, if so what are the percentages . [inaudible] depending what exactly is going on wit. I dont use hard stop losses in the system because the selloffs will trigger multiple stock losses and have to recover quick. Charles right. Rather than physically stop losing on something that is just, you know, market in general, i use that as an opportunity to double down a little bit, add a little bit, average up and so forth. You know i think the risk factor really comes to overconfidence versus confidence, you know . I think if you become resilient about what youre doing i think where you can be a target toe losing money. I think if you know what you have, what youre buying, you can be confident with it. Sometimes its a patience play t could take weeks or months. Not everything is overnight. Not everything happens in a day. Charles i find it intriguing it is not what wall street is saying this quick flipping for a couple pennies here and there the amount of belief you guys have in the names means you must be doing a lot of Due Diligence. I want to ask you both about venterring into better known names. Do you go out, for instance, remarkable recoveries of stock i talk about all the time is overstock, camping world. There were singledigit stocks trading now near 100 bucks a share. Do you either go beyond smaller unknown names . I do. Some of may favorite once is the drone world. Uabs and bisl. Those are my top two drone plays. I think theyre doing phenomenal jobs. Both companies, it is moving to wichita to 12,000 square footwear house. Amazon is speculated to be their partner, announced they are working with a major Ecommerce Company is moving about four blocks away. Theyre building two warehouses. Eagle is it something own 13 million cash. They did have offering last week for 298. More money coming in for warrants. Charles on discord of twitter, haters out there, what is going on in the millenial world where this is divisiveness. Among your own ranks, there seems to be a lost dissension. What is that all about. There is lot of hatred when you move up in the it is lonely at the top but i find it peaceful. Naysayers will say what they want to say. [inaudible]. Companies that are not, you know, what they say they are, you know what i mean . Theyre not, otc stocks, for example, theyre not highly regulated. It is what it is. Charles well, i appreciate, you shared top ideas of us. Well monitor them. Give a little bit of time. See what they do. Im rooting for you, all small investors and traders out there, i think the American Dream increase your wealth with the stock market. The best money making machine in the history of mankind. Thank you very much. Thank you for having us. Charles i have a question for you. Would you pay more than 200 bucks to tweet me at cvpayne. New data, 600 bucks in Unemployment Benefits that it had major positive impact on the economy. Is this hill that republicans want to die on . I will ask trump Economic AdvisorStephen Moore along with florida congressman matt gaetz next. This is decision tech. Find a stock based on your interests or whats trending. Get realtime insights in your customized view of the market. Its smarter Trading Technology for smarter trading decisions. Fidelity. Choose the best Precious Metals for their retirement portfolios and many are in profit positions today because of those choices. So dont wait until the next crisis. Get started securing your financial future today. One of the criticisms of traditional ira accounts is theyre typically tied to paper assets that are often unprotected from inflation or even a market crash. Recently, Congress Passed a bill that created a better solution. 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Securing your savings with gold or silver and a selfdirected ira is an easy way to protect your financial future. So you dont want to wait for the next market crash. Call and ask the experts at u. S. Money reserve to send you their free information package. Its full of everything that you need to know about Getting Started on your selfdirected ira today. Youll be glad you did. Charles california judge dealing a massive blow to gig workers there ordering uber and lyft to classify their drivers as employees, not contractors. Drivers themselves have even protested this move. Uber issued a fiery response. Part of it reads when over 3 million californians are without a job our elected leaders should be focused on creating work, not trying to shut down an entire industry during a economic depression. Joining me for more on this, Economic Advisor to President Trump, freedomworks economist, Stephen Moore. Stephen, the california ag is celebrating this move, saying this is, really they want unions, right . Golly, i cant believe it, because you would think the woke california would be the perfect backdrop for the gig economy. Now theyre killing it. Its a sad thing, isnt it. It is just, it is frustrating because youve got so many millions of people in california who are actually tied to the gig economy, whether its uber drivers or people who are delivering things for Companies Like you know so on. This is sad. People need these jobs to be able to make a living and to pay their bills. California has, what was the number any i you said three Million People unemployed in the state. Charles three million. How many . Charles three million. Three million. That is a very sad, i think california has one much the highest unemployment rates in the country today and to be putting in place measures which play to the unions but destroy jobs makes no sense. By the way we just came out with a report today at alec, rich states, poor states. People should go to the website, rich states, poor states. You will find we rate californias the Business Environment as 48th worst environment. There are only two worse states, new jersey and new york, that have more antibusiness climate than california does. Charles it really does boggle the mind, im telling you, to harm the gig economy, to that degree. They also preach freedom, you know. People want to work late. They want to work early. All of these things that they preach and they could actually have a real practice. I do want to get to this also, though, steve, over the weekend i saw a report after President Trumps executive order reducing federal unemployment benefit just from 600 to 400 bucks, that extra money will reduce gdp by 0. 38 and permanent job losses of 660,000 americans. That dovetails a report out from the Jpmorgan Institute saying that in the early months of the pandemic, employed workers, people working, spending went down 10 but unemployed workers went up 10 . Normal circumstances that spending goes down 7 . The point im getting to, i get where the gop is coming from. Obviously Small Businesses about paying people not to work. Right now there are 5. 9 million job openings, 13 million unemployed from the february highs. Is this right hill tore republicans to die on during the Election Year . First of all, if i read the report, jpmorgan i think you said if that report were true, boy we would have a booming economy if nobody were working. That the stupidity of this report. Charles i think theyre saying the difference this time was the 600 bucks made a difference than normal circumstance. Exactly. But the point is were paying people now not to work. In most states in the country today, with the 600dollar benefits, now those have been suspended temporarily, the average worker who became unemployed is making twice as much money being unemployed as working. Now somebody out there please tell me, a, how that is good economics, and b, how that is fair to the people who are working 40 hours a week, the construction workers, the nurses, the doctors, the sanitation workers, the people who are out there working . As you know, charles, they are the heros of the economy. Wait a minute. They come home after a hard days work and guy next door who is not working gets paid as twice as much as they do . This is craziness. This is why we did the payroll tax suspension. Charles right. Is there a number, steve, is there a number above what they get from state unemployment for places where jobs arent back yet . If youre ready to work, you laced up the boots but again 13 Million People, fewer workers than february, six million jobs open, some people just dont have a job waiting for them at this moment. Should they get any extra cash right now . We should, i favor going back to the old unemployment system. Look, were seeing jobs come back right now, charles. What youre missing in that analysis is that the single biggest problem Small Businesses, stores, restaurants, construction companies, factories, you talk to people, you talk to them on your show. What the is single biggest problem they cant get workers back on the job because they lose money. That is crazy policy. Weve got to basically go back to the old Unemployment Insurance system which provide people with safety net. Not there for people working hard in this country they get paid less than the people unemployed. It is disincenttry. Payroll tax cut provides people with incentive to work. Democrats want to incentivize people not to work. I dont get the logic to that. Charles i agree with you there. Steve, i want to bring in someone else with an opinion. Thanks, buddy, appreciate. Lets bring in congressman matt gaetz from florida, republican there. Lets just rhyme into it. Im sure you heard our conversation with steve mere. Sometimes decisions are made easier than done when running for reelection. This split the Republican Party to a degree. Where do you stand, congressman gaetz . I stand with most republicans who say we must have some bridge back to reemployment, that will include state payments, federal payments pursuant to the president s executive order, as stephen brought up, not get disincentive. I dont know why were treating all employees the same way. With state based enhanced, in state of florida youre offered job back, you dont take it back, you are not eligible for the extended unemployment. I think there is a way to meld the financial dollar amount with policies that insure were not just sending cash to people who are choosing not to work, rather than people whose jobs fundamentally become illegal. If youre a bartender there is no choice to go back to work. For those folks we need that extended bridge. Charles you know, it is interesting, because as a Small Business owner in new jersey, before my office was down on wall street, you know, it is so tough. I offered people their jobs back. They have still gone to the Unemployment Office and said no. They couldnt have a job. I would have to leave work, to go to court to make sure they didnt get the benefits. Such an awful system. It should be automated, if someone is offered a job to your point, they dont take it they dont get Unemployment Benefits either. I agree with you 1000 . Where are we with the negotiations . Is anything going to happen . Seems like both sides drawn lines in the sand half a world apart . Nancy pelosi is refusing to put on the floor of the house any legislation does not include additional trillion dollars to state and local governments. Here is what i would suggest. Take things we all agree on, for bayians of student loan interest. Eviction help. Bridge for unemployment for people whose jobs are illegal. Get them into law. I understand there are things that republicans want that democrats object to, likely ability, protection, there are things that democrats want republicans are objecting to, the wash of cash on the state and local governments without any real nexus to the virus. Those have to be held in abeyance. Lets do the stuff we agree on. So frustrating to see my fellow americans not get benefit of a little bit of cooperation from the congress right now. Charles i love that idea. I think it is fantastic. I also want to ask you about some republicans, not a lot, those who objected to President Trumps use of executive orders. I dont think he had a choice. I dont think the American Public had a choice. With all the bickering and all the posturing happening in d. C. And congress . Of course it makes us uncomfortable to legislate by executive order but as you point out were literally in an emergency as a consequence of the wuhan virus. When i hear my democrat colleagues clutch the pearls over use of an executive order i wonder where the outrage was when barack obama created amnesty for people coming to the country illegally Via Executive order. Both sides crossed the rubicon, gone beyond what we view as traditional executive power. In a time of emergency we cant watch our fellow americans die, starve, to be left abandoned, congress is to immature to vote on stuff we agree on would solve 80 of the problems people go to. One more thing, charles, steny hoyer, the majority leader gave back a leave of work extended congresss vacation during this time. That only reduces likelihood of well have tough roll up your sleeves legislative work that is necessary to get the job done. Charles better when the clock is ticking. Next time, congress crosses the rubicon, the American Public wants you to bring food and water, please. Congressman gaetz. Thank you very much. Absolutely. Charles folks, well be right back i should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. But what if you could stdo better than that . K. Like adapt. Discover. Deliver. In new ways. To new customers. What if you could come back stronger . Faster. Better. At comcast business, we want to help you not just bounce back. But bounce forward. Thats why were helping you stay ahead and adapt with a network you can count on, 24 7 support and Flexible Solutions that work wherever you are. Call or go online today. Charles welcome back. Time for a look now at stories people are talking about today. Here with me now, cheryl casone. First one, millions of americans have lost their jobs during this pandemic. It turns out that robots are replacing them faster than ever. It is according to a new report that robots in fact could replace as many as two million workers in manufacturing by 2025 but it is happening faster than we thought. What do you think. Reporter i was just looking at a report by several top economists. They say 42 of the jobs actually lost during the covid19 crisis may not return. More and more companies are concerned about legalities. They are concerned about being sued. If you can make a job, whether Artificial Intelligence which a lot of Tech Companies are already using in their platforms or if it is the manufacturing process, companies more and more now are willing and they want to do that. The sad news is these are human jobs lost, charles. But at the same time they are worried about their employees getting sick. Its a doubleedged sword and it is not a good one. Charles republicans are pushing hard for liability. It just makes sense. Real quick i have to ask you about this, would you like to listen to music while you brush your teeth . What if you need extra help or have a question . Guess what, cheryl, youre in luck. Oral b, brand new news, toothbrush with builtin alexis speaker. Here is the problem, it will cost you 230 bucks. Are you going to get one . No. It is a oral b toothbrush. I like oral b. I wont get alexa. Im still one of the holdouts that dont trust it when it comes to security. I dont want a speaker in my home possibly recording things were saying. If youre board, alexa can tell you a star wars joke . Do you know if you know siri she will tell you a joke. My favorite, you can alexa if she loves you. Totally with that. Charles ah. I hope i never get that lonely. Im with you. No alexa for me anywhere possible. Cheryl, thank you very much. You bet. Charles folks, you know the markets think biotech is hotter than most anything out there, between the race for a vaccine, biotech ipos breaking records this year. A ton of opportunities and well help break them down for you next. Find your keys. Find your getupandgo. Find pants that arent sweats. Find your friends. Find your sense of wander. Find the world is new, again. At chevy wed like to take you there. Now during the chevy open road sales event, get up to 15 of msrp cash back on select 2020 models. Thats over fiftyseven hundred dollars cash back on this equinox. Its time to find new roads, again. Now you can trade stocks and etfs for any amount you choose instead of buying by the share. All with no commissions. Stocks by the slice from fidelity. Get your slice today. Stocks by the slice from fidelity. About medicare and 65, ysupplemental insurance. 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Also, a Medicare Supplement plan goes with you when you travel anywhere in the u. S. A free decision guide will provide a breakdown of aarp Medicare Supplement plans, and help you determine the plan that works best for your needs and budget. Call today to request yours. Lets recap. There are 3 key things you should keep in mind. One if youre turning 65, you may be eligible for medicare but it only covers about 80 of your Medicare Part b costs. A Medicare Supplement plan may help pay for some of the rest. Two this type of plan allows you to keep your doctor as long as he or she accepts medicare patients. And three these are the only Medicare Supplement plans endorsed by aarp. Learn more about why you should choose an aarp Medicare Supplement plan. Call today for a free guide. Charles Major Development in the covid19 race today. Russia claiming that it has an effective vaccine. Of course, its very unclear whether or not we can trust Vladimir Putin but one thing is for sure. Biotech has never been hotter from recordbreaking ipos on pace right now and the race of course to find a vaccine, there seems like theres never been a better time to invest in the sector. Joining me, a legend in the sector, barbara ryan from barbara ryan advisers. I just want to ask you about just the sector itself. The index hitting an alltime high. My problem is i see these names every day, i dont know them, i see some of these stocks up 40 in the day and i kind of say i wish i was in them. Talk to us about the overall opportunities in biotech living up to the hype. Yeah. I mean, i think theres really never been a better time. The world is hanging on this industry to lead us out of this pandemic and to drive the recovery of our economy literally. There is a tremendous amount of innovation in the field, Record Number of fda approvals to reflect that, great product launches even in the space of covid, lots of m a and companies are rich with cash because the Capital Markets are open for business and looking for the returns this industry has demonstrated it can drive, so most of these companies now have raised a lot of money and therefore can put a lot of money to work in further innovation and have a long runway, much longer runways than they had going into this. Charles 30 years ago, i thought i was going to cover biotech, i got a subscription to the new england journal of medicine and i gave up after the first article. I didnt understand the prefixes or anything. Its not easy. Charles its not easy. Its not easy. I think absent the Big Pharma Companies which have a lot of facility and cash flows, its really not for the amateur unless you have a strong stomach and can lose a lot of money. What you do is you invest with the etfs and the experts in the field, whether it be the t. Rowe health care fund. I think thats the best way. They have all had great returns reflective of what was being in the indexes. Charles less than a minute. I know theres a specific name you do like. You would like to share it with us. Oh, so one of the companies, i will disclose it is a client, is a Company Called janis. Its a really broad innovation platform with immunotherapies across the board for cancer. They are now bringing a program into testing for covid and the consequences of that. The company will be submitting two blas for two oncology programs. Charles ive got the symbol, we will watch that. Wish we had more time. We will bring you back as we get closer to a vaccine. Meantime, dow up 220 points as i hand it over to my friend and colleague, liz claman. Liz . Liz you know what im calling this rally . Im calling it from russia with market love. Just what you were talking about. Charles that was one of my favorite bond movies, too. Liz no, its the spy who loved me. Lets get that out of the way. From russia with love. The nasdaq still kind of caught in the big tech cyclical tugofwar but the dow and s p are taking flight as Vladimir Putin claims the worlds first viable covid19 vaccine. Weve got the dow flat at the moment, actually, im sorry,