To november. U. S. Jobless claims. Below a million First Time Since the lockdown started. Blowing away optimistic expectations from housing, manufacturing, employment. The s p with alltime high. It would be monumental. I have two of the best Money Managers who will share your thoughts as well. Why are cities deliberately regressing into more dangerous havens of fear and hopelessness . The Economic Impact on people will last for a generation. Well have the latest. I will talk about this with gianno caldwell. I have my take. Well get his as well. All that and more on making money. Charles all right the economy continues to show strong signs of coming back with more evidence coming today. A huge drop in jobless names. Rise in Home Mortgage applications. Here is the breaking news for you, folks. Initial jobless claims are down 228,000. Continuing claims down 604,000. Pandemic assistance down 167,000. This is delayed. As of two weeks ago we had three million fewer people on total unemployment claims. That is a huge number heading in the right direction. These numbers have been persistently coming in substantially better than what experts expect. The economy is in precarious state. Caused by a Global Pandemic that shut down the nation. We have a lot of doubt an fears. The media and president ial rivals suggested this policies brought the recent pain. President trump on mornings with maria had this to say about the recovery. Take a listen. President trump we had the best employment numbers we ever had. We had the best numbers we ever had. Weve had the best stock market numbers we ever had. Looks like it will be supplanted what we have now. Now were rebuilding it. It is going up like a v, like a rocket. Charles here is the problem, folks. I think President Trump is making a huge mistake not pounding on this hard enough, all the monumental achievements precoronavirus. I want to speak to rnc chairman liz harrington. Liz, a lot of me over the last couple weeks President Trump talked about. We know he can compartmentalize a lot of things and shift gears. I want to know why the number one thing the administration is pushing back on . This is the most critical topic in addition to saving lives with the crone cone . The president is absolutely laser focused on the economy. Showed those Amazing Charts yesterday. That is not just a v. That is a super v. Whether it is manufacturing or housing or jobs or the auto industry. But it is also very important to point out that the other party speaking of cars, they want to ban cars. They want, radical green new deal. The radical democrats, joe biden just put the most liberal senator in the United States senate, a cosponsor, original cosponsor of socialized medicine, Bernie Sanderss plan, initial cosponsor of aocs government take over of everything else. So it is very important to show that contrast, that yes, this vshaped recovery is humming. But guess what . If that all goes away, if the democrats take power. We have to reject that. And their trillions of dollars in tax hikes. Their absolute destruction of the u. S. Economy that comes with it. Charles what im saying, liz, those charts. I saw them yesterday. I cheered. I put those kind of charts in my show every day. Im a real crazy person when it comes to this sort of data. I dig into it. I would like to Share Positive good news, to your point, the media does not do that. That also underscores what im saying. When i hear Vice President biden and senator harris saying that this economy is the result of President Trumps failed policies, if they say that enough, and media regurgitates it enough, i think it will be difficult for him to get reelected. There has to be a counter to that . Absolutely. We are countering it. Charles, youre not crazy. You just like good news. You like americans to succeed, which is very telling i think about joe biden and kamala harris. You know what was not mentioned in their announcement yesterday . China. That really says it all. They dont want to put the blame where this solely lies, communist regime coverup. Not just affected america, affected the entire world. Instead of coming together, focusing where the blame should be, instead of offering a helping hand, how can we find solutions, President Trump has been in washington the whole time. He has been getting the private sector mobilized. He has been providing the democrat governors with everything they needed. Governor cuomo didnt even use the uss comfort. Biden and harris using the American People and our lives as a number to wield against the president. It is grotesque. That is really telling because they dont have anything else to offer. They dont have anything else to run on, except a radical agenda that wouldnt solve any of the problems. President trump is delivering real results. Beating china on so many fronts. He is also winning in this economy. Charles right. Listen, i dont, i think the democratic ticket will be more focused on running against trump, than running for what they are for, which is sort of confusing and convoluted these days what we heard months ago and what were hearing now. I want to get back to wages, these bluecollar wages. I think that is the number one area that the administration should be focused on. They were 3. 7 when president obama and biden came into office. When they left it was 2. 3 growth yearoveryear. It wasnt keeping up with inflation. The policies, progrowth policies under President Trump, liz sent numbers back up 3. 7 , ahead of inflation, ahead of everyone else. That is the key. Let people know. We can resume the growth that was interrupted. What do you think . Youre absolutely right. You know, this vshaped recovery is only possible because of what joe biden and barack obama said was impossible. They said those jobs were never coming back. Five years into their socalled recovery, wages werent rising by a single penny. President trump came in. Delivered reallies tore rick results. Historic lows in unemployment. He got trade deals. Usmca just went into effect a month ago. Nobody is talk about how that will propel us into the future. Joe biden and barack obama said this was impossible. They were wrong. They said that the new normal would be 2 growth and high unemployment. That was the new normal for democrat administrations. Charles nobody else is talking about it. Nobody else will. So the campaign better figure out ways to get that message out over and over again. We will. I say one thing. Always rely on the facts. That is the bottom line. Thank you very much. Always great seeing you. S p 500 on the cusp of alltime highs. Nasdaq on the track for another record close. We now need the dow to break out. How does this, what does it mean for me . Fitzgerald Group PrincipalKeith Fitzgerald and nicholas wealth management, david nicholas. Keith fitz gerald, the s p is right there. I think if we break out buying will drinkinger more buying. You think there will be a different reaction, celebration and profittaking . I do and heres why. I think it will be a short sharp burst of profittaking because many of the hedge funds, new york institutions are talking a good game right now, charles. In fact missed out on much of this rally. They have to get a few names on the table when they come into bonus season for windowdressing t will be short, sharp, take off and real buying begin into the elections. Charles david, s p 500 closes at a new alltime high. Whats next . Somewhat disagree with keith there. I think were heading that way if we break above the 3386 number, break above and close there. I think it its horses right to the races. I think markets will head up. Think it is fear of missing out at this point. I think it well take a lot of money out of the sidelines f we break through that close above it, a very bullish signal. I think we see the trend continue. Charles fear of missing out. The train is leaving the station. We could go on and on. Im more with you than keith on this but keith did bring up an interesting point. Coming into the session there was a lot of cheering about rotation finally happening from growth to value. List of 223 names with s p into the green for the year. I had high left level of all of 2020. Tables started turning. Folks rushed back into the safety and comfort of the growth names. Hence the big movement in nasdaq today. You are are sticking with them. Stick with the best. No matter what, stick with the growth names. Absolutely. Best, not rest. Those are the names, those are the companies that are digitizing your life. If you look at history, it moves in broad trends that are driven by the dominant change in society right now that is the digitization of your lifespan . That is the five and 10 years from now . That is why the money is going back, it is liquid, solid, company ceos know what theyre doing. I am in it to win it with those companies. Charles david, ive been overweight industrials and materials. But i never sold the growth names either. How do you think investors should be situated here . I like a 50 50 approach. I agree with keith there, i think 50 of your portfolio should be in the large cap, quality Balance Sheet tech names. Those will outperform the next three to five years. I would like 50 of the portfolio be in value slash recovery names. My bet son the u. S. Consumer. I like a name like big lots and dollar tree. I talked about financials. I think citigroup is a good buy here. I like homebuilders. Consumer will be poised to come back strong, once the elections get out of the way. I think well see a Fourth Quarter that really looks good. That bodes well for some value names. Charles i want to talk about the bond market. We dont talk about a lot. Yields started rising on the 10year. The curve is very strong. Suggesting the economy is strong. Is it possible, keith we get both growth and value up if we get enough money out of bonds . I think the answer is yes. In todays point you have to have this book end approach. You have to be tech driven on one side. Value driven, however you want to split it. Money constant constantly will pingpong. If it is coming out bonds, the money will go into stocks. So i think well get both on the run. Charles david, as much as i hear experts come on tv so long, talk about the socalled tina trade, billions of dollars go into bond funds and billions of dollars come out of equity funds. If we can get the ratio turned around, what could that mean for the market . I think it will be huge, charles. I think bond market is very telling, see what yields have done this week. The vaccine news out of russia played a part. You cant put a lot of weight on that. We defeated nazis, communists, terrorists, now covid, well defeat this as well. I think what the bond market is telling us, look, the outlook for this is probably going to be better than expected. I think there is an issue there. I think you have to look at prices as well. I think were starting to see some inflation. I think as we see the two combine, the hope, possibly some inflation with wages and individuals getting back to work, that is where i think you will see bonds perform poorer. The narrative will move with equities. Charles lets hope so. Im greedy. I want this rally to continue for a little bit of time, like three, four, five more years. Keith, david, thank you very much. Appreciate it. By the way you remember the cds were beacon of everyone as opportunities and everyones hope and dreams . Now theyre regressing into dangerous havens of fear and hopelessness. At 2 25 i get reaction from Giano Caldwell on that. The white house told us the cares act what it has done but how close are we to an economy that will really stumble if lawmakers do not get their act together . I say they must pass more stimulus and do it now. Well be right back i wish i could shake your hand. Granted. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles well the Trump Administration just releasing a long list of benefits achieve from cares act and ppp. 42 of layoffs temporary. Business foreclosures under 16 . Unemployment down to 10 with predictions more than 19 . Disposable income more than 5 since february. Loan delinquency rates falling down to half a percent. I think economy needs one more booster shot. I think the rally will stumble if conventional wisdom shifts if there is not a deal. The market is up due to the negotiation impasse, and that is in large part a deal will happen. Much better Economic Data will help the rally. However, you know what . You think about how greatly the shift in fiscal, Monetary Policy helped even the Economic News that were getting. Politicians that point to our economic improvements as if it would have happened without any of this aid could be suspended at its current levels are not being honest with themselves. More than likely theyre not up for reelection anytime soon. I want to bring in someone who is always on top of this. President of walser wealth management. Rebecca walser. Rebecca, i love my republican officials on, i would love to get more democrats, i would love to get more lawmakers in the tense times. Most tell me, look at the data. I look at the data for a living but i know a large part of this is the swiftness that the Federal Reserve acted. The swiftness the federal government acted f they think they can take a victory lap and not add anymore stimulus to this im concerned . Yeah, charles, there is absolutely no doubt. If it ends up being we did the recovery and go back to normal cycle whatever works out happens, it is the shortest recession in the history of our country. That did not happen and it is so not normal and only as a result of the cares act and Federal Reserve and Monetary Policy what they did and shoring up our capital markets. So youre absolutely right this is totally necessarily so, right, charles . We needed this. We definitely would have been something looking along the lines of the Great Depression when you shut down the businesses and 40 something Million People go on to unemployment but yet were not out of the woods. I totally agree with you. Weve got to get a plan to get out of the woods. Charles what would you, what would you, what would your plan look like rebecca . What are the main points you would be focused on if you could have any part in the negotiation . I would look forward, charles, i want coronavirus Economic Task force. I want a plan b. Everybody is pinning their hopes on the vaccine and unless people rush to get vaccine we dont know there will be a vaccine. Everybody is talking about end. Year, beginning first next year but we just dont know. The recovery on a vaccine we dont know the date, we need a Coronavirus Recovery Task force, charles. Lets get that going. What is our plan b . We cannot put everything on a vaccine. We cannot put our lives on hold, charles. Without continuous and massive government stimulus, if we do not reopen businesses, if we do not go back to the movies, do not go to the sporting events, do not go out to eat, 70 of the economy is consumer driven, were not spending dollars, staying at home and ordering uber eats. We have to get back out there. Lets get back to our lives. Where is the Economic Task force that is going to figure out if there is no plan a for another yearandahalf, whats plan b . Charles i think the problem, you know with an Economic Task force from washington, d. C. ,s point of view this has all been politically driven for the most part. We know the 3. 5 trillion that democrats wanted was a disingenuous start. I think mnuchin is saying 70 of what you were making was also too far on the opposite end. And again, what im saying is, in february i would have been completely against any additional funds for unemployment because we had seven million jobs with only five million unemployed. That has been completely flipped, rebecca. We have 6 million jobs with 13 million unemployed. I am concerned that even if we open the economy tomorrow there will still take some time to get everyone back on their feet. That is the tricky part, how do we help those folks . We got 30 seconds. Your final thought. Do you think that there will be some sort of a last minute deal cobbled together . Yeah. I mean, charles, President Trump wants to get reelected. He ran the economy, one of the best, went through all the lists before this segment how great his record was, how great the economy was growing before this happened. We need economic stimulus until we get a plan for the economy to reopen. That is the bottom line. We cant stay closed and think the economy will not crash until we preopen. Charles President Trump is only one ready to sign something. We got to get congress to figure it out first. Rebecca, like your new backslash there. Classy look. Talk to you again real soon. Thank you, charles. Charles chicagos Small Business owners are grappling with what their next step is going to be in the midst of this horrific rise in violent looting. Well go on the ground in the citys magnificent mile to have a discussion with them. Plus i will share my own heartbreaking stories, watching america, new york city when it was really crumbling. Really what were looking at, if we insist going backward in time what it really means for all of us and it aint pretty. Well be right back 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. An extra 15 credit on car and motorcycle policies . Thats great thats 15 on top of what geico could already save you. So what are you waiting for . John stamos to knit you a scarf . All finished, jean. Enjoy thank you. I give. The stitch work is impeccable. Its just a double fleck pattern with a reverse garter stitch. No big deal. Is your hair this soft . Softer. Geico. Save an extra 15 when you switch by october 7th. Charles many chicago owners and residents are feeling uneasy following a night of looting. Many stores along the chicagos magnificent mile are boarded up, unsure if things are the same again. Grady trimble in chicago with the very latest. Grady . Reporter charles, normally mag mile would be filled with people with shopping bags in hand. Now you see things like this, stores boarded up, many of them closed, others are trying to stay hope. There are not that many customers. You can see in the video, a lot of storefronts boarded up now even if they are open. There is genuine concern among elected officials, as well as the chamber of commerce, that the National Retailers might abandon the windy city for good. They might not come back, especially after the second round of looting. Not just the National Retailers are struggling right now. Nationally, six in 10 Small Businesses fear they might have to shut down for good. Here in chicago, that here is compounded with what were dealing with the most recent round of unrest. One restaurant in the river north neighborhood, they have been around for almost 80 years. They were looted twice. Sales are down about 80 because of the pandemic. So theyre doing whatever they can right now, to stay after afloat. It always a livelihood, one that was rock solid. Something upon we could always depend as a family. Now the restaurant is depending on us for survival. Nobody wants to close. Everyone is fighting. But how long can you fight if there is nothing there . I think that is the problem. Reporter the owner told me they used to joke as a family, that business would out live all of them, charles. Now theyre at 79 1 2 years in business and theyre worried theyre not even going to make it to 80. Charles . Charles grady, sadly, unfortunately a story we continue to hear. In fact, you know, ive obviously shared a number of stories about the crime and poverty that i witnessed firsthand when i moved to new york city. That was back in the 1970s. And anyone my age group at that lived in new york or chicago or detroit, really too many other places to name also saw those things. They saw poverty rates rocket higher. In new york city, poverty was on par with the rest of the nation in 1969. It roared 63 above the nation by 1979. Crime was at a level few new yorkers would already fathom. New york was in a tailspin when the crack epidemic arrived in 1980s, lifting crime 500 higher than recent years. It breaks my heart to see policies Great American cities backwards to a time of carnage. The good news people are fighting back like chicago, pushing back against the election of cook county attorney kim fox. Organizations are speaking up. They represent 100 local condo associations, 22,000 homeowners, 30,000 resident, wrote a letter to chicago mayor Lori Lightfoot saying homeowners we represent do not feel safe. In fact the letter went on to explain residents dont stand closer to windows at night or balconies or terraces for fears of being shot. The children are forced to play indoors because the parks are littered with vandalism and that brings crime. They dont listen to the residents or Pay Attention to history. I want to bring in Fox News Contributor, author of, taken for granted, Giano Caldwell. You werent here during the 70s stuff but you saw lar similar things growing up in chicago. Where we are in the big cities now and how bad it can be. And for me i dont get, what i really dont get is why were marching backwards . Why are we deliberately going there . What is going on in the minds of the de blasios and lightfoots of the world that marchs backwards like this . Charles, to be honest with our audience i grew up on the south side of chicago with poverty. Like a lot of folks were hearing about now. My older brother used to sell drugs. Our house was raided by the police when i was simply a teenager. So ive seen this intimately and up close. Chicago, places like chicago, new york, detroit, a lot of folks back in the south over the great migration, over six million folks came to these particular areas, chicago, new york, detroit to put their family in a better situation to have a much better life and they did, because in the south wages were not going that well. If you went to these particular areas you could make up to two times than you could in the south but what people have noticed, this has been taking hold prior to what were seeing with covid, between 2000 and 2010, over 181,000 africanamericans have left the city of chicago. You see people who have been leaving in droves because they understand that the policies, the high taxes, the liberal policies created an environment where people couldnt really live and raise their family. Now we see a continuation of that compounded because of covid. Charles this is just like mass exoduses from everywhere else, right . Those folks youre talking about that have left, a lot of time theyre well educated. They are. Middle class. Charles they want to go somewhere elsewhere they can put their kids through college, their buck can go further and they can live without the kind of crime. What are left people in more desperate situation. So why do you defund the police in a situation like that . Why do you, you know, say, hey, well keep the schools closed indefinitely . We already have this achievement gap that already is a massive handicap on peoples lives for the rest of their life. For the rest of their life when you get get out of high sc, that you can barely read. Why are they marching backwards . Youre a political, youre really astute in politics. What do you think it is that moves someone like a de blasio, moves a mayor of los angeles, that moves Lori Lightfoot to move backwards where the violence is climbing, where theyre enabling encouraging violence . What makes this happen, gianno . You know what . I really dislike saying this because this is a issue that is much bigger than politics. It really comes down to human life. At the end of the day weve seen a National Narrative of defund the police. Weve seen individual who are more concerned about Winning National elections and local ones than they are about the human beings that exist in their cities. When i lived on the south side of chicago, a lot of people know the south and west side of chicago is usually the height of the crime in the city. When you move to Downtown Chicago, i moved to Downtown Chicago when i was 24 years old, it was such a big deal, like you made it. Now throughout the entire city of chicago the violence is completely and totally out of control to the point that folks cant really move because there is no employment. Now you have a mayor who is not really listening to the residents of chicago because she is more concerned about fighting trump than she is about the fighting violence and putting people in jail. So there has to be change. There has to be change. We do have opportunity to do something really big here in this environment. If the mayors will listen. Charles well, you know, to your point, the photo that grabbed my attention earlier in the week, all the bridges drawn, so no one can get to downtown. I lived in that area. Charles that was scary. That was the ultimate sign of surrender right there. Yeah. Charles when do people vote them out . Well see. Were out of time. Always great catching up to you, even if it is as something as emotionally driven as this but im glad you were the one to help me out on this. Thank you so much. I appreciate it. Meantime, folks, american confidence is growing actually in two key areas, two key institutions but decades long declines in most of these institutions continue. Were going to dive into whats happening and why this is continuing to happen. I want to ask you, right . The American Institution that you have the greatest confidence in . The presidency . The military . Police . Religion . Health care . How about the press . Forget about the press. Tweet me cvpayne. Who do you have the most confidence in, what big institution . Well be right back. 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. These days, businesses are adapting to new ways of working. And innovation is at the heart of it. Verizon 5g ultra wideband is the fastest 5g in the world, with speeds up to 25 times todays 4g networks. Its massive capacity and ultralow lag time is already available in parts of select cities around the country. Which means businesses both large and small can innovate like never before. Charles a brand neubrand new gallup poll Shows Americans are feeling confident in two key specific institutions despite the pandemic. 51 say theyre confident in the medical system. That is up huge, folks. 15 points lower last year. The highest level since 1993. 41 say they are confident in the Public School system. I know it is under 50 . That is up 12 points in the high since 2004. But guess what institution is number one . You guessed it, Small Business, remains number one. 75 of americans say theyre confident in Small Businesses. Joining me to discuss wall street journal opinion writer Jillian Melchior and Fox News Contributor brian brenberg. Jillian, this gallup poll, it speaks to us as a nation. What do you think about the bounce in Public Health now and can it continue . I think that is a clear reflection of americans seeing heroic moves that our doctors, our nurses, medical workers. Really how they have risen to the occasion, despite enormous risks from the pandemic. They really put their lives on the line to serve the public. I think that confidence is a reflection of the sacrifice they have made for us over the past several month. When i look at the schools. It is a little bit different. One of those things where absence makes the heart grow fonder. A lot of parent wish they could put their kids back in school. I think that confidence would be eroded if you saw how teachers unions are using the pandemic to get higher salaries, better gains, essentially coerce government and taxpayers to pay more. That comes at the expense of the most vulnerable students. Parents realize how important the schools are but the bad news the teachers and unions realize it too. Charles in 1973, 56 felt they had high confidence level. That dropped down to 29 . Maybe has something to do with jillians point about romanticizing something that we may not have for a while but certainly Public Schools havent done a great job for most americans. Yeah, those numbers have been declining. Look, when you look at the decline in other institutions over time i think it is hard to ignore that the institutions that have been politicized most where government has gotten most involved, that is where the confidence has dropped. It is nice to see schools making a comeback. I think in the spring you know, we talked about teachers union, i agree i think they will erode trust but if you look at front line teachers this spring so many did a really good job in a tough environment. That is part of why it went up. Same thing with doctors. Look trust in these institutions is so important, charles. When you trust your doctors, your teachers, your Small Business, your churches, when you trust these things, you dont want government to creep in. You dont want more government control. I want to see the trust numbers go up because i think it pushes back on the Progressive Agenda that wants to politicize everything. Charles the bottom three, jillian, big business, tell anything news and congress. If they did the poll tomorrow, congress would be at the bottom. Youre not surprised by any of those, are you . Not in the least. Looking at this poll in a whole, what we see is a thirst for leadership. This has been a really difficult year. It has been hard on a lot of people. It has been hard on a lot of businesses. I think it is encouraging to see people identifying heroes, look at people who are serving needs right now. Charles yeah. But they are sure fed up with the political system. Charles you know, another institution that, that kind of had a big drop here, it has been in the news a lot is police. It has dropped sharply. Brian what do you think that says about society . Historically the police had really started to come back but with this sort of level of distrust in the daily reports that we hear and see about them where does it mean for society at large if we dont trust our police . That is a troubling drop. That doesnt surprise me in this environment. The poll went from midjune, to midjuly, that is such a headline driven moment when it comes to police. I want to see the number goes in subsequent polls. That is one of the institutions that your view will be colored largely by your interaction with it. You have questions in urban environments certainly about Police Relationships but in a lot of places around the country people have incredible amount of trust for police. Ultimately you need to have trust in Law Enforcement if youre going to have the peace in a community that allows businesses to grow, churches to flourish. All kinds of institutions rely on that. It is bedrock. I want to see the number move up, over time, as it gets back to peoples personal experiences not headlines you will see the number go back up. There certainly could be improvement in training, things like that. But i think overall the average Police Officer out there is getting a bad rap. Jillian, brian, it is great having these kind of discussions with you. Very important and colors a lot of things. Appreciate it. Thank you. Thanks, charles. Charles folks, peloton getting a boost with the lockdowns we know all about it but apple is about to unleash a peloton killer. Meanwhile the dow is meandering all day long. Now the s p 500 is starting to pull back after flirting with record highs. What you need to know as we head into the final hour of trading. 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. I appreciate what makes each person unique. Weve just been finding a way to keep on pushing. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles so breaking news for you. Right now the White House Press briefing just wrapping up, Kayleigh Mcenany says, treasury secretary Steve Mnuchin he told House Speaker nancy pelosi he is willing to move forward on most coronavirus aid but not election funding. Now mcenany told reporters pelosi, has been quote, frankly unserious when it comes to these negotiations. Now all of this comes after pelosi announced that she is now calling for 3 1 2 billion dollars in election funding, making things even more complicated. Pushing the finish line further away. Speaking of finish line, peloton has been rocking, rebounding today, despite a report that it is going to get some serious competition from perhaps the biggest competitor of them all. I want to bring in lauren simonetti. Could this be a peloton killer, lauren . Lauren, no, no, no. Apple is a juggernaut. They can do virtual, fitness classes everything else. Peloton is a little bit different. They have been there. They have an established market. Theyre doing great and a report was put out today and they compared what the report is, that apple is doing, these bundles of services, one of them being virtual fitness, to you know, facebook coming in with dating. That didnt disrupt match. Match is still the winner. Charles you know, youre right. Im glad you brought that up. I see that a lot with amazon. They say well get into something. Stocks get hammered. When they got into the furniture wayfair went almost double or single digits. Ofit is back up to 300. Peloton will get some competition, wont they . Lauren perhaps. The biggest competition will be when there is a vaccine and people go back to the gym. Although i was just reading another report, you know nautilus, the elliptical, treadmill maker, their stock is uphundred 700 because people are working at home. There is about a quarter of people who will never return to the gym. I disagree with a little bit. I think there willing such a strong desire to see people, to interact again, the biggest competition for peloton and the stay at home winners the fact that life will hopefully, sooner rather than later open back up again. Charles yeah. Im with you. You know what . I work out a lot harder at the gym than i do at home. I think most people might an like that. Lauren competition. Other people are looking at you of course. Charles absolutely. You know we ran out of time. Lauren go ahead. Charles i was benching over 400 pounds when i was 42 years old because of competition in the gym. Those young boys thought they could outbench me i showed them. All right. One more, quick. If we still had time. We do have time for stock splits. Golly, driving the market crazy. Should you on on the stocks before they split and should other Companies Announce splits as well . Well be right back d 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. Quadrupled their money by 2012 . And even now, many experts predict the next gold rush is just beginning. So call us money reserve, the only Precious MetalsOrganization Led by a former director of the United States mint. As one of the largest us gold coin distributors in the country, us money reserve has proudly served hundreds of thousands of clients worldwide. There may have never been a better time to start diversifying your assets with physical gold and silver. And right now its easy to get started. Pick up the phone right now. 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And call to receive the complete guide to buying gold, which will provide you important, neverseenbefore facts and information you should know about making gold, silver and platinum purchases. Pick up the phone and call americas gold authority, us money reserve. With nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. Charles my next guest puts out some of the best and most useful research on wall street, knows all the nuances of history including Market Performance beginning the day after president ial elections. I want to bring in bespoke cofounder paul hickey. This is where we left off last time you were here. We ran out of time. I was interested in the Market Performance under various president s the day after the election. Because i think thats when they should be measured, not after the inauguration. What do you have . Yeah. So interesting you mention that. When you look on an average basis the returns are the gap between democrats and republicans is more narrow and on a median basis since its a small sample size which is a good way to look at it, democrats averaged 6. 6 annualized. Republicans, 6. 6 annualized. So the returns, when you look at returns from the day of election day to the next election, the returns are right in line with each other. I think it gets at a bigger point here. We focus a lot on the election and the party and whos in power, but i mean, no one person or group of politicians is Strong Enough except you, who is bench pressing 400 in your 40s, is Strong Enough to skewer the u. S. Economy. They are mostly along for the ride. Case in point. When you look at president obama and President Trump, who are similar in no possible way whatsoever, idealogically, politically, whatever, the two best performing sectors under president obama, Consumer Discretionary and technology. Two best performing sectors under President Trump, Consumer Discretionary and technology. Worst performing sector under trump, energy. Worst performing sector under obama, energy. Then there are even similarities in terms of the sectors that have outperformed and underperformed. I think the impact to individual industries but not the overall market. Charles im sure a lot of that goes to longterm macro trends. What about someone like george bush, who comes in and bill clinton had this amazing economy but a lot of it was, you know, kind of soso. When you were taking Companies Public on a wednesday and meet in lunch at a restaurant, write a Business Plan on a napkin and by monday morning you had an ipo. He benefited from a lot of that stuff and it feels like bush paid for it, also including 9 11 which you could not have expected. So two things there. I think 9 11 again, you are a victim of your circumstances or a beneficiary of the circumstances you get, the hand youre dealt but also, bush came in at the end of a very long bull market so valuations were high. Obama comes in after bush, we are in the middle of a financial crisis, you know, the bar is set pretty low. I think again, its just the background and whats going on and you know, what the overall trends are for the economy. Charles paul, i got 30 seconds. Your thoughts on stock splits. People are in a tizzy over apple and tesla, buying them up. Historically should they be buying them now . The stocks have performed well since the announcements but historically, once those splits become effective, those stocks which outperformed from the announcement to the Effective Date tend to underperform the s p 500 once they charles i got you. Its great but its not a longterm fundamental. Charles the oldest wall street axiom of them all, sell on the news. Wish we had more time. We have breaking news. Always appreciate you and the historic stuff you bring to us. Meantime, liz claman, markets a little bit shaky right now. Just waiting, i think waiting for congress. Liz yeah. Yeah. Well, you know what, because the markets have up until just a few minutes ago looked so strong, ill tell you, congress, we are going to talk about this, may be slowwalking that relief package but right this moment, as we head into the final hour of trade, folks, market bears have just turned the tables on the bulls. Late in the session, the nasdaq and s p 500 have just given up gains after they both