Charles all right, folks, got to tell you, its strange, right . Since august 6th, this market has done a complete flipflop. The script has been flip. Coming in todays session the stocks with the biggest share prices were down the most. Those with the lowest share prices are up the most. Another way to look at it, stocks with the largest market caps have underperformed. Those with the lowest market caps have up 7 Percentage Points in comparisons. Companies with high dividend yields theyre rocking compared with those who are the lowest dividend yields. From march 6th, august 23rd, have now been underperforming the biggest laggards. To mash all this out, katheryne rooney vera along with Bahnsen Group cio, david bahnsen. Let me start with you, david, the complete flipflop, they were talking about it, there were hints it would happen. Were in the midst of that right now. It seems to be. It will be interesting to see how long it lasts. Both the energy names, high dividend names and some of the financial names. That is the most important thing. Of all sectors punished out of the march selloff that werent really recovering, that werent participating as much in the recovery, the one that was most irrational to me was the financials. You can understand why some of the Energy Companies stayed down. They came up a lot but there still was significant challenges in the oil and gas space. Charles sure. But when you look to those big banks, the difference in the leverage that a jpmorgan came into this crisis with compared to the financial crisis of a little over 10 years ago its a different world all together. They have overstated loan loss provisions. Theyre not going to have anywhere near the i am parents they counted on and these stocks are undervalued, charles. Charles right. It is interesting because, gary k. , youve been talking a little bit about financials, you certainly called this rotation. The irony of course is that financials are lagging today. So there is still trouble getting that traction but the overall narrative today is a great test. Is it still about value other are we going to the new safe havens which happen to be those megacap names . Well tell you. It started out as a little flipflop but i think it is now turning into a broadening out. What i mean by that is, in the last two, three weeks, growth names that i follow very closely were pulling in. Some have actually broken down but theyre already starting to reassert itself. On top of that, when my screen lights up with old dominion freight, autonation, kansas city southern, fedex, ups, and all this economicallysensitive stuff, it just tells me were broadening out. I think the market is yelling here. I think the economic numbers will be a lot better than anybody expected because of the bigtime easy money around the globe. I think 15 trillion just between europe and the United States. So i think the markets talking here. Charles you know, kathryn, the market is talking. Names like fedex have been rockin for a couple weeks now. Kansas city southern was the top performer a week or so ago, in part to being in the rumor mill but to garys point, what i find fascinating when the value names get hot they move like growth names, right . Were seeing sort of stale names move at five to 6 percentage clips. That is intriguing to me. To me the number one advanced gainer, advanced mike co. Got hammered. Klc is up 7 . The message is odd. Can we have a world where all of them go up at the same time . That would be a wonderful world, wouldnt it, charles . It has been a Sector Performance for techs since 2017. Tech has been the defacto leader t has become a defensive name because of the pandemic. So that natural rotation from tech names to other names, industrials as you both highlighted as a sector has absolutely ricocheted. Weve seen quite a runup in industrials. I think that when you have a backstop of [inaudible] with limitless, monetizaton of debt power and complete inelasticity to prices which is the Federal Reserve as a complete and utter backstop to the markets then you should expect that rotation to continue in the sense that all equities are going to move higher when you have both fiscal and monetary stimulus in the pipeline. Charles right. And the foot is still on the gas pedal at full throttle. Charles right. Okay. I want to talk about that because yesterday the market was on autopilot until Mitch Mcconnell said on fox news that the two sides hadnt even spoken, right . Theyre supposed to be negotiating the stimulus. I think the market has built in one, maybe two trillion dollars. I also think it would be somewhat suicidal if that doesnt happen. But, david bahnsen, you think the market doesnt really care about stimulus or is not paying attention to this . Well, charles, in fairness to my view here the market is up eight of the last nine days. Those are the adays where it has been very clear they werent getting a stimulus deal done. You have 2000 points since they first hit a stalemate. I dont think the reversal yesterday had anything to do with Mitch Mcconnells announcement. Pelosi and schumer and mnuchin had all said the exact same thing. Were not even talking. I think at some point they are going to end up getting a deal. The market well have to parse out what it likes and doesnt like but honestly i kind of think the market is sort, maybe even telling you we prefer you not do a deal. Dont go add two trillion dollars more to the debt. At this point from covid in the health side to the markets way of dealing with this, you have a lot of indicators where the society is saying were ready to move on. You people leave us alone. Charles i dont necessarily disagree were almost there, david. I think though that the economy might need a nudge. I will go to the guy who made the hashtag easy money famous. Gary, your take on this. We talk about all is cash sloshing around and im not sure the market will dislike any parts of it if there is another two trillion dollars in the mix. Oh, a trillion here, two trillion there. Right. You know, so used to the word trillion and used to be a billion and hundred billion. Were going to get it. No doubt in my mind . Why . November 3rd, republicans need to get the economy better. They will push it. It will be done between them both or the executive orders will get done and that will get into the system. And you add in jay powellitis and you have a onetwo punch what i do call easy money which markets like and again i believe when were seeing in transports and some of these economically sensitive names are telling us, because the last quarters earnings were gargantuanly down. I think it is looking for recovery and well see how long it lasts. But expect more money going forward. A lot more easy money. Charles okay. Some stimulus. Charles . Charles . Does it not bother anybody, does it not bother anybody that were not even talking about whether or not we should add on to the 2. 7 trillion we have already injected into the covid reaction . Just the fact that we havent seen that play out. Were indebting ourselves, charles. Republicans and democrats are on the same side. The question is should we do more or not. The question should we do one trillion, three trillion. The fact is after the election were just going to do more. We are setting ourselves, indebting ourselves and monetizing the debt by the Federal Reserve. The repercussions will be felt later on. I find myself as, charles as an investment strategist economist in this difficult position where i have to say fundamentally, things look fishy but i have to be in the game because im always trying to get one step ahead of the fed. What are they going to buy next . Charles i think, i think that is the bottom line though. Were all in this to make money. Everyone that people are looking at right now, i know that i have had one of my best years ever. I made people a fortune this year and i am concerned about the debt. But i was also concerned about it at 5 trillion. Right. I dont know where the cliff is. I do want to ask you guys before we wind this up. I wish i had more time. Kamala harris is on the ticket. We know her economic policies. David bahnsen, start with you here, your thoughts, if the bidenharris ticket wins what does that mean for our portfolios . I think it will all depend on the republicans in the senate. I dont think harris was a big announcement for the market now because, first of all, she was always over 60 in the betting odds that she was going to be the vp anyways. Charles sure. She is incredibly adaptable candidate. I dont mean that as a compliment. She will change her views as whatever she has to be opportunistically aligned between what the left in her party want. She is a senator in the state i spend half my time in, grew up here in california. I know her very well. Stands for nothing. Cares about nothing other than her own ambition and vertical mobility. Markets are look to stalemate as the best possible solution. The republicans have got to keep the senate. If they dont keep the senate, and biden wins with some mandate, wins with a big margin, that would be the worst outcome for the markets. Charles all right. Listen. I hear rumblings in the background. Everyone wants to jump in. I wish i had a chance to extend this longer but weve run out of time. Gary, kathryn, david, fantastic conversation. Well pick it up real soon. Meanwhile, folks, joe biden and Kamala Harris are getting ready for their big debut as the democratic ticket. How is the race shaping up . Will it lure to the independent voter . We have a Strong Political panel to react to that. Later in the hour, Speaker Pelosi says there are no continued timlous talks with the republicans. Colorado republican ken buck has a response to all of that at 2 25. Its easy to get lost in the economic uncertainty. The volatility. The ambiguity. The moment calls for more. And Northern Trust delivers more. With specialized expertise. Proven strategies rooted in data and analytics. And insights borne from over 130 years of successfully navigating economic turbulence. Giving you clarity. Inspiring confidence. And helping you uncover new paths forward. Northern trust. Wealth management. Northern trust. Puts its customers a wiin charge . Rier well, the good news gets shared. And it gets rated 1 for customer satisfaction. But dont just take our word for it. Take theirs. Its your wireless. Your rules. Only with xfinity mobile. Call, click or visit a store today. First of all is the answer is yes . The answer is absolutely yes, joe. Im ready to work. Im ready to do this with you, for you. I just, im just deeply honored and im very excited. Charles she said yes thats right, folks, its officials. Joe biden chosen senator Kamala Harris to be his running mate. In just about an hour we expect the two to make the first joint appearance as the democratic appearance. Harris the first black woman and indian to appear on a major Party President ial ticket. I want to bring in democratic strategist, test Lynn Figueroa and deneen borelli. The first is this pandering, an after firm tiff action pick. You know all the criticism comes with Something Like this. Does that supersede, does that take away from sort of the historic nature of all of this . No, i think it is what it is. I want to give a disclaimer im not a part of black voices or trump or black voices for biden or brothers and officers for bernie sanders. Im one black woman for my daughter. Voice. Wanted to make that disclaimer, people blowing up my twitter having a nervous breakdown. The bottom line, harris is who biden selected. Nothing will change in the next 80 days. No point people streaming or yelling trying to make a difference in 80 days. This is where we are, your candidate lost, this is how the cookie crumbles, how the ball bounces, in the words of few pack, that is the way tupac. That is the way it is. We have 80 days. Everything saved about these candidates and senator harris, Vice President joe biden. Nothing new under the sun. Every candidate running trump, biden, pence, harris. They have all their liabilities. And it will depend on who comes out to the polls. Charles deneen, that is one of the topicking will say, critics of harris will say, she has said a lot but see morphs a lot. Her positions have been wishywashy like shifting sands. Were not sure perhaps who woe we will get. Trump administration will talk about her relationship with the black community which was not a great relationship when she was the attorney general. Your thoughts . No, it wasnt a good relationship. As a matter of fact, she sent a disproportionate number of black men and women to prison, especially over marijuana violations. But lets look at Kamala Harris as who she is, charles. She is wellknown as a farleft radical senator from california and she supports socialist policies. She is a cosponsor of the Green New Deal. She supports open borders, sanctuary cities. She wants to do away with private Health Insurance. She wants to provide Health Insurance for illegals. How is that going to help americans . How is that going to help our economy and our country . She is a far left radical. She is going to push the agenda because joe biden is an empty suit. Charles well, tezlyn, i agree, 100 , the monday morning quarterbacking is done. Lets look ahead. What is it that she brings to the ticket that you think really will make a difference for joe biden . What will make a difference is, respectfully i expect conservatives to not like senator harris policies. I expect conservatives to not like what joe biden has to say. The bottom line theyre not looking to recruit conservatives. Theyre looking to motivate the black vote that carried joe biden clearly over the line in addition to motivating democrats through this historic new candidate. Charles what about independents though . Well, again, either youre for biden or youre for trump. It is pretty clear. Begging folks, wooing folks it will not matter at this point. At the end. Day youre voting for biden at the top of the ticket or voting for President Trump. It is pretty much that simple. Putting all of joe bidens baggage on harris is not fair to her. Joe biden wrote the crime bill, if people have issue with harris being prosecutor they have issue with joe biden. They were never going to vote for him in the beginning. Her being too progressive that looks out, proggrow serves are looking somebody to be progressive. It will matter who gets your team to the poll. If youre against those policies simply dont vote for joe biden. If youre against those policies, dont vote for joe biden. It is pretty much that simple, charles. Charles deneen, to your point, who is exciting their voters, forgetting about polls, because they dont take into account who is, who is actually generating excitement, right . Biden has had the Online Events where 100 people show up. Is Kamala Harris going to be the one that really excites the base enough to get them out to the polls . I really dont think so, charles. Again, she ran for president. She wasnt exciting enough then. By her being Vice President i cant see her bringing in anymore excitement to the ticket. Just with President Trump there is momentum and excitement behind the president. Well see how everything pans out but her radical agenda is not going to resonate with voters. Charles all right. Tezlyn, deneen, i love having both of you on at the same time. Well pick up the conversation im sure within the next 80 ys. Da. Meilereaireng fti for f f f f jojodejodede k aal kaaariso to t kema t fstir jnt j ar tetheog asrsrs a tict. L o i i i i i har hsarcosnocmi li, f,ks f a,ks aksks rea ryea g hhis this ts mht m spe s aha de nnnn py. Plheusre is atis dea deaea to t atat wat wat it i takeee beoth o t bt to th t t totot ble ablnd comnde uomhh a dl . Dwn ken buck that very question about medicare and 65, ysupplemental insurance. Medicare is great, but it doesnt cover everything only about 80 of your part b medicare costs, which means you may have to pay for the rest. Thats where Medicare Supplement insurance comes in to help pay for some of what medicare doesnt. Learn how an aarp Medicare Supplement insurance plan, insured by United HealthcareInsurance Company might be the right choice for you. A free decision guide is a great place to start. Call today to request yours. So what makes an aarp Medicare Supplement plan unique . Well, these are the only Medicare Supplement plans endorsed by aarp and thats because they meet aarps high standards of quality and service. Youre also getting the great features that any Medicare Supplement plan provides. For example, with any Medicare Supplement plan you may choose any doctor or hospital that accepts medicare patients. You can even visit a specialist. With this type of plan, there are no networks or referrals needed. 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. President trump she is a person thats told many, many stories that werent true. Shes very big into raising taxes. She is against fracking, fracking is a big deal. Shes in favor of socialized medicine where youre going to lose your doctors, youre going to lose your plan. Charles President Trump slamming joe bidens new running mate Kamala Harris and her leftwing policies so where does exactly senator harris stand on key Economic Issues . For the latest i go to Hillary Vaughn in wilmington, delaware, where we expect to hear from biden and harris in just over an hour from now maybe less. Hillary. Reporter until today senator Kamala Harris ran left probiden on key issues from taxes to health care but today shes adopting his agenda. Joining the ticket as his vp. She will appear in person with him for the first time as his Vice President pick today. When i was attorney general of california i took on the Big Oil Companies and sued them. I want to give credit to bernie. Take credit, bernie. You know, you brought us this far in medicare for all. I support medicare for all. I always have. People say how are you going to pay for it . That is really simple. On day one well repeal the tax bill that benefits the top 1 and biggest corporations of america. Reporter until today, harris led on issues like the Green New Deal and medicare for all, two ideas that biden has brushed back on his platform. She also wanted to raise the Corporate Income tax rate to 35 , higher than biden, what biden wants to do, raising it to 28 . She wanted to pay for medicare for all with tax on wall street, a tax on stock and bond trades and derivativing transactions. And student loan forgiveness and wanted to make twoyear colleges tuition free. Bidens plan is not to make college free for everyone but based on some who qualify, based on their current income that they have. But, charles, one interesting addition, bringing harris on the ticket she is from california a very hightaxed state. Delaware is a very lowtaxed state. Also for those in Silicon Valley that were worried about a big trek crackdown, someone like Elizabeth Warren was the vp choice from biden, they dont have the concerns anymore. Many big tech ceos are harris constituents right now. Charles . Charles that is another interesting twist there, hillary. Thank you very much. Joining me for further analysis, policy director for independent womens forum, hadley heath manning. I want to go over some of these things. Start with overall taxes. Kamala harris, forget 21 . Lets go back to 35 . I get joe biden a more moderate talk, but i simply do not believe that a President Biden could push back against the power and might of the progressives in his party, particularly when he wants to spend a lot of money. I dont think he would stop at 28 on business taxes. I think he would go to 35 . I think there are two critical questions here, charles and one, of course is, at the end of the day which Party Controls not just the white house but both houses of congress. Of course were having congressional and Senate Elections this fall as well. That will determine a lot of the policy agenda of any white house moving forward. What they can or cannot get done. The second question of course, is the future of this pandemic and impact on the economy. I think it will be much harder to pass a tax increase or justify it when our economy is still weak and unemployment numbers are high. If you take that money out of the private sector, you make it that much harder to get people back to work. Charles well, yet, you sound like a policy director, not a politician. I mean if im joe biden, first day, listen, we have to take money from the rich folks to pay for the damage to covid19. You know, and again theyre going to cheer. Theyre going, this is sort of, this is a platform that, listen, this is not about true unity. It is about redistribution of wealth, again, and to what degree i think were discussing here. We know that policies are going to change. There will be more regulations. There will be higher taxes. I think the question though is particularly for investors is just how quickly those kind of changes would be made, just how far they would go. That is what im concerned about. Every policymaker is in politician mode right now if theyre up for reelection this fall. Talking in ideas of slogans, rather than the specifics of policies they support. Theyre talking about intentions. Theyre not talking about results. But we do have a lot of results when it comes to everybody who is on the ticket this fall. We have their record to look back to. In the case of senator harris, she is someone who i think now, on the biden ticket is going to run more as a moderate democrat, when in reality her record shows she is pretty progressive. She supports unionfriendly pro act, would make it much harder for americans to work at independent contractors. 2020 is a very turbulent year. A lot of americans see the pandemic is a big problem that needs bigger government as a solution. I disagree with that logic. I think that will support biden harris into the fall. What are the risks an downsize expanding government in terms of health care and economic regulations and taxation . Those things dont come without a cost. The cost is often borne by the people who can bear it the least. Charles of course we should remind everyone, people should remember where this country was in february and kind of momentum we had, who actually was enjoying the best growth, the best message gains were happening for households in the lower economic brackets, hadley. I would love to see that resume. Thank you very much. Always appreciate our conversations. Thank you, charles. Charles meanwhile folks, the stalemate on capitol hill actually appears to be getting worse. Talks devolve into really posturing between leaders on both sides. Take a listen. Families are suffering. Americans are dying. It would serve the nation better if the Democratic Leaders would act like it is a crisis. There is not a both sides to blame situation. Democrats are willing to compromise. Republicans are being intransigent and will not move from their position. Charles all right. So just how badly is congress blowing this . I want to bring in colorado republican congressman ken buck. Congressman buck, you know, yesterday the market was, it had a pretty good day. It was doing really good. All of the hefty gains are sort of wiped out. It because happened moments after Mitch Mcconnell said the two sides hadnt even spoken about this deal here. Does congress understand the economic ramifications if there is no additional help . Mind you i just had a pretty smart market guy said we dont think anymore help but i think parts of the economy, big parts do . I think congress recognizes that but there is also political reality in Election Year it is very unlikely a deal gets done that both sides will be satisfied with. I think from the perspective of republicans, we want to make sure Business Owners are covered with some type of liability protection. We need to make sure, incentivize workers to get back to work. We cant do that if were giving them 600 a week over and above their unemployment benefits, over and above what they would have made if they are working. So i think that there are really key sticking points that need to be resolved. I doubt they will get resolved before november 3rd. Charles wow. So, yesterday i had this conversation with steve moore. What i said to him, is in february, i would have been okay, no way you want to give people extra money on federal unemployment but in february we had seven million job openings. Five Million People unemployed. One job for every person unemployed. We have 1. 5 million job openings and 13 million unemployed from the february high. The notion we can turn the economy back on with a switch, it is kind of farfetched. What should be done to help people who just dont have an immediate job to go back to . Should there be any extra incentive or help for those households . I think there is plenty of incentives. I think one of the things we have to take into account the governors shut down the economy and the federal government pays for it. I think the governors have to be much more aggressive in opening up their economy in a safe way but much more aggressive opening up their economies and we cannot continue to have governors who are overly cautious and are acting in ways that the science doesnt back up. If you look at western europe, look at germany, sweden, france, other countries the way they move forward with opening their schools and their economies, america is acting too slowly. Part of the reason is that the governors arent financially responsible for their actions. Theyre looking to the federal government to bail them out. And the federal government doesnt have anymore money. We cant keep writing trillion dollar checks expecting future generations to pay off that money. Charles i agree 1000 . I felt there should have been provision from day one, governors opening too slowly. You cant have it both ways. You cant get all the ppp money, all of the fiscal stimulus and stay shut down and complain about the overall economy. I agree with you 1000 percent. Before i let you go, i want to zero in back what you said again. Are you saying no stimulus this year, no further stimulus until after the election perhaps . No, im not saying saying tht all. I think the president has great flexibility. I think there will be portions of bills that will be passed but when youre looking at an overall package and, when nancy pelosi demands that the state Pension System in california, that has been in the red, operating in the red for decades is part of the overall package that needs to be fixed and when youre talking about other pork barrel projects that are being thrown into the mix, i think republicans have had enough and while we are absolutely sympathetic to those workers and those Small Businesses that need help, we are not sympathetic to the type of pork that weve seen in the past stimulus packages. Charles yeah. I agree. This is no time to put in bridges to nowhere or pay for those profligate Pension Plans these states offered, cant afford. Congressman, thank you very much. Great interview. Appreciate it a lot. See you soon. Thank you. Charles after making it an essential industry, illinois Marijuana Dispensary are smoking, folks. Fox business getting a inside look at the enterprise. Are the weed stocks ever capturing the old high or wall street millenials, have they moved on . Our top market watch us on that and how your portfolio should be balanced. Well be right back 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. Charles might not be a surprise to some of but pot shops are thriving during the pandemic. Theyre deemed essential businesses in many states. They were allowed to stay open. Illinois they topped 300 million. Grady trimble lives in chicago. That is why you have on the story, right, grady . Reporter charles, thats right. Recreational marijuana went from illegal last year to essential in three months time. Since then business has been booming. Take a look at this graph. Since the pandemic hit sales of Recreational Marijuana have grown every single month. In july, sales reached a high, no pun intended of 60 million. That is a combination of factors. Not just people getting anxious during the coronavirus pandemic, trying out pot for the first time. There are more dispensaries opening. There are more places growing weed as well there is more product available. When marijuana first became legal recreationally here, we saw lines at dispensarieses, tons of people waiting for it. That is not possible now. The stores have to have social distancing guidelines in place. They cant have a bunch of possible in the store at a time. From what we can tell, the dispensaries we talked to theyre not taking a hit from that. There are no more than 50 people waiting outside. We set up a reservation system. That is very wellreceived. People like coming to midway. In and out of five minutes. There is no more russian roulette game may i might be here for 15 minutes or two hours. Reporter look at numbers. 66. 8 million, that is how much tax revenue was generated through the sale of Recreational Marijuana in the last seven months from january through july. No matter in a cashstrapped state like illinois that is welcome. However you feel Recreational Marijuana being legal, charles, it is certainly a big business and one that continues to grow. Charles starting to live up to the hype. Grady, thank you very much. Of course, folks, remember when these pot stocks first went public . They were amazing. They went straight up. Millenial investors piled into them but the problem was the industry didnt live to the hype and industry went up in smoke. Yeah, pun intended. So should investors give them another try . I bringing in Ladenberg ThalmannAsset Management ceo, fill phil blancato. There was thought that there would be legalization throughout america. They didnt live up to the hype. Cution is getting better. The market is growing. Is it time to look at it again. Think about do i want to be in areas that support it never faltered or be in the actual weed itself . For me, lets go to support. Anytime of mix in legislation in success it is a messing game. The reason why we havent grown exponentially is because it is state by state basis. These companies are laden with debt, theyre not getting Sales Revenue to lift off. However if you switch it, go to industrials properties trust, iipr, a name i own for clients. Its a name up 70 in the last year. Its a name gives them 4 dividend. Why i like it, it builds the building that the pot is grown in 2 doesnt make its money on the pot. There is the difference, charles. Right now this is neat idea. If you want to own the pot stocks for next two, three, four years, hope you get a president who will say okay, then you got a shot at it. There is long way to go between here and there. Switch the narrative. Go to suppliers and manufacturers of things they need to grow it and you have a chance to make money. Charles like they said on the gold rush, sell the pick and axes let them fight it out. Great, great, pick there, phil. I love it. We know it doesnt change anything fundamentally, but they create amazing excitement in part because they move stocks, right . Take a look at tesla today, up huge on news after the bell, five for one stock split. This is the great thing, it happens to the same thing to apples stock on august 31st. By the way the balance says there are benefits to this because some people say it doesnt change fundamentals. Can improve liquidity. Make portfolio rebalancing simpler. Makes selling put options as well, which is cheaper. Would you be buyer of apple or tesla strictly on the split news . A lot of individuals are piling into these stocks . It is not, stock put is not a reason to buy a name you like unless youre a shortterm trader who wants to trade around the your for yaw or media buzz around it. Apple trades like water. So does tesla. The Options Market does get better i agree with that. It does bring liquidity to smaller names but this is not a reason to buy a good quality name for the long term. However if you want to trade around of the shortterm buzz, youre right, people will be piling in that will make it go higher. The one thing i like about it, it gives access to people who didnt have access before. On a personal standpoint for the person that wants to enter didnt have enough cash before, this is their chance to do it. I think it makes the market stronger but not a great reason to buy a name. You buy a name with good dividends, good fundamentals, good balance sheet. These are both great names obviously. Charles phil blancato. Thank you as usual. Folks, operation warp speed is boosting its arsenal with a big preorder from mow dern n well give you the details. The s p 500 right now less than 1 from a record close. What happens though when we get to the record . One of my favorite technicians will tell us how high the s p could go i am robert strickler. Ive been involved in communications in the media for 45 years. Ive been taking prevagen on a regular basis for at least eight years. For me, the greatest benefit over the years has been that prevagen seems to help me recall things and also think more clearly. And i enthusiastically recommend prevagen. It has helped me an awful lot. Prevagen. Healthier brain. Better life. Cheryl welcome back to making money. Well look at shares of moderna. The shares of the stock are jumping today. The stock up almost 1 1 2 . This deal is pretty interesting. To produce 100 million doses of its potential covid19 vaccine. Now operation warp speed from the government had to provide that 1 1 2 billion for doses f that all goes well with moderna phase three candidate. The trials are underway. If you add that up that comes to 15 per dose and 300 million for rapid delivery. This deal could mean 50 Million People could get doses. Options the government took out for additional doses, the deal, havently, eventually could be worth 2 1 2 billion dollars. Pretty amazing. As far as the stock goes. Weve been watching this closely for months to be honest with you here up more than 1 1 2 . It is rallying again on this news. It is not just a United States story with moderna. This potential vaccine could mean international relief. Other countries could strike deals with these companies. Analysts are waiting to see what other countries would actually enter into a similar agreement. One analyst actually saying today, that the price per dose is actually well below what they say that they are actually worth. They say this vaccine could be worth 22 a dose. That is their assessment anyway. Now want to take a look at some other companies racing for the vaccine obviously. End point reinings 2names in order. It was it was fiz that came out. We know the names, we talk them a lot on this show. Astrazeneca, novavax, j j, November November v. These guys is have seen their stocks rally over past few weeks. Whoever gets them first, across the finish line. Economy an obviously human lives depend on this were watching the markets on making money. Well have watch the dow and nasdaq and have more market coverage and talk with one of our favorite experts. Making money will be right back. Come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. 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. Charles all right folks, were getting momentum going into the close and that means we could actually see an alltime new high on the s p today, but what does it mean . I want to bring in one of our favorite technicians, d. R. Bart on, and we talk about these monumental moves this is certainly huge if the s p can get back to an alltime high, but what typically happens from there . Yeah, you know, a lot of times we see that we touch that number, maybe get a one daybreak through, with some people might call a bull trap and then a little bit of a pullback. I think a lot of traders ive talked to charles are anticipat ing that little bit of profit taking should we hit this number, but i tell you anything like that that happens even the tiny bit of a pullback is to be bought right now. Charles yeah, its so funny because breaking out aint easy, right . Youre right ive been doing this a long time and we get near these big inflection points and you pull back and you pull back and pull back, and if we start to break out and pull away from that number, what be your year end target . Yeah, you know, i think we could have with all of the stimulus thats out there, charles, i think we could go 8 10 higher even this year and that be a huge move but its definitely possible with all the cash piling into the markets from all different fronts. Charles you know, the Mainstream Media for the most part and the Financial Media used the dow as the market i think is a terrible index but people want to see that get back up. Whats the big hurdle here . I look at boeing for instance huge two days and then again is down today. Theyve got stocks in there the airlines and Oil Companies but what does the dow have to do to start also making its move toward being positive for the year, and getting maybe more individual investors excited . Yeah, i think youve hit it right on the nose. Weve got a bunch of sectors dragging us down there specifically energy and airlines one of the things thats going to be interesting is in the re balance after the apple split, that will be interesting to see how the dow in dem handle s that move. That could be a little bit of a sell the news moment in the dow but at 28, 500 charles if we get above that i think were going to take a technical leap forward, so a little bit better get well in energy, and then some technical help i believe could take the dow up higher. Charles right, well take a leap forward no matter how it comes, with a little less than 60 seconds, you know weve talked a lot about rotation on todays show and for the last two weeks. Lets just talk about stocks. I mean d. R. , where do you think people should be investing . A couple of ideas or names that people should be looking at . I like this rotation into industrials, i think in an inflationary coming world, i like that area. My old employer dupont i think is doing some things that are going to pick them up, i like honeywell, right here and as a continued stayathome work from home stock, Activision Blizzard were not going to get live sports this fall, esports is going to rule. Charles man, you went to two extremes. You went to the oldest, you know , sort of boring if you will to the most exciting newest. Thats i guess what they call the bar bell approach, ha . [laughter] i like it. Charles d. R. , my friend, thank you very much. All right folks were near the highs of the session looking pretty good as we hand it off in the last hour of trading and liz i know its another crazy hour. Liz [laughter] i know, can you believe it . We are two points away from an s p alltime record, charles. This is going to be crazy but breaking news. Wall street exactly, its a wow day, its a wow final hour folks wall street is on the edge of its seat as we head into this final hour of trade, because for the first time this Election Year, weve got dualing 2020 president ial events about to unfold. First up, on the right part of your screen weve got President Trump set to announce additional measures to help schools reopen this fall. Thats a live picture of the state dining room when the president begins we have our cameras there we will take you right back to the white house, and then later t