Possible covid19 treatment all in the name of politics. Biden and his very liberal running mate should immediately apologize for the reckless antivaccine rhetoric that they are talking right now, talking about endangering lives and it unmines science. Charles well get reaction from the rnc and along with Fox News Contributor liz peek. All that and so much more on making money. Charles well the markets opened under considerable pressure today, extending the selloff that began late last week. For the most part everyone agrees stocks were over their skis especially growth names that went parabolic in august. What is not agreed how much pull back we should expect. On that note i would like to there are different variety of pullbacks. There could be a shallow downturn. There is pull back to the former breakout roy is old resistance points. There is breakout to the 50 Day Moving Average. Worst one is 50 retracement. You see a pullback of at least 50 of gains that were established from the march 23rd lows. I will bring in our guests to help figure it all out. Michael lee, dani Hughes Courtney dominguez of the pain capital group, which im not affiliated with. Mike, what are you embracing for and by the way what is your course of action . You always have to keep some cash to the sidelines. I think if you feel stocks are way ahead of their skis you never be afraid to take some profits. I think stocks, i think this will be a relatively shallow pullback. The more severe, more aggressive you want to buy. I do not believe that were going anywhere near our march lows. There is simply too much liquidity out there. The fed action that has been put into place will make stocks go higher. We saw a lot of similarities in the 2018, 9, 10, 11 markets. We have days of risk on and risk off. It becomes very hard to explain why so many stocks trade in such unison. I think that is led by momentum and factor trading out of a lot of High Frequency and momentum type hedge funds, once they move in one direction it tends to pile on in the same direction. The difference between 2010, 11 and 12, the underlying economic fundamentals of the economy are improving as fast as they ever have in the u. S. And were looking 40 Earnings Growth in the same h same quarter and over 25 next year. We have high improving fundamentals underneath high price with low rates and lots of liquidity. So i dont see much more after selloff, if we do that becomes a bigger buying opportunity. I would look to sell winners and buy some losers there. Charles courtney, to that point, most of these names that are up had good news. Whether it was earnings, whether it was contract the, whatever it is or the economic backdrop, the backdrop, work from home, whatever it is there have been positives to help aid this. Now of course even the best names in the world can become overbought. So whats your thoughts here on the depth of the pullback and maybe the actions we should want to take . Yeah. Actually i have to agree with michael here. Im really not of the mindset that this is a start of a major pull back. I think this is normal correction in a longer bull market. Weve been talking about the tech names specifically which are ones getting hit where were seeing the biggest pullback. That is getting pretty normal. They have such valuations people will be taking profits. Youre seeing some bigger names, smarter money is making this trend, taking money out of tech and into value companies. You take for example, like Berkshire Hathaway recently bought into some Japanese Companies which are focused on commodities and even had blackstone who just bought into some railroad companies. Youre starting to see some of that happening. I dont know if there is bigger correction but its a good reminder dont be overexpress exposed to big tech names. You dont want to be overly risky if it goes further. Charles the irony, dani, if you look at the 11 s p sectors all are trading above the 50 Day Moving Average except for energy. While we point to technology and growth darlings being overextended you could argue even dow jones coming into day was over 7 above its 50 Day Moving Average. The same tide lifted all ships if you will and on the pullback how do you discern which ones should be bought . I love what courtney said this might be a sector transition into value which of course includes a lot of energy names that we follow but i do agree that to mikes point, were not really necessarily seeing this market pull all the way back and i think that you have to have your sale hat on. Whenever there is a sale you have to take advantage. If you really love a name or a sector you have to understand where you purchase the sectors. If those stocks are out of line either to the upside or to the downside, you have always got to keep in mind where your sense is you should be purchasing those names. Names like zoom and tesla that have taken off like rocket ships, actually are still up you know, over 400 each for the year, theyre not on my bucket list. What is on my bucket list are names that are value names that i think have been beaten down and unfairly punished in a market like this. I think there is plenty of places you can one other thing i just want to mention, charles. We have a lot more Market Participants than we have in the past. That is another thing driving this market forward. Charles great point. By the way some of the names you like, cvs, gilead, and oracle. Dani, you remind me of old broker days. Mr. Jones we liked it at 20, we love it at 10 i get where youre coming from theyre. I want to talk about the royal diss, if you will. Instead after kiss of approval many people thought was coming, Standard Poors did not, did not include tesla into the s p 500 large cap index. Hence denying that company a stamp of approval they needed to get a lot of these other Fund Managers into the stocks. A lot of high flying names. Docusign and zoom you mentioned getting shut out. Let me come back to you, dani, this kind of a dis, is it adding to the selling, therefore actually creating a greater buying opportunity in some of the high flying names . I know youre not in them but the faster they get to where they have to go . Fourth quarter profitability does not an s p member make. I think that is something that is really a big lesson that investors have learned from tesla. Another thing adding to that, they put out essentially an after themarket saying from time to time theyre going to raise capital off their equity. So i think that hurt the stock as well. Look, you have got to take your spots when you get them. These highflyers are great traders if that is what youre in the market to do. If youre an investor, you have to look at value over the course of time. Sometimes you get into those names at the right point. Charles all right. Mike, the royal diss, does it make some of these names enticing . I think the selling is getting a little exaggerated. Im watching it like an eagle forming some support somewhere, these names . Yeah, look, for tesla this is a huge deal. Embedded ownership of a company like tesla would have gotten from all the s p 500 index funds really puts a base under retail combined with hedge Fund Momentum trading that pushed the stock higher t would put real longterm ownership where the Blackrock Ishares and state street suite of etfs, vanguard, all the major index players owning that stock because it would have been a large component would have been a huge deal for tessa. So id say this noninclusion is probably one of the more bearish events that happened for the stock ive seen in a long time. A lot more than a large shareholder simply trimming their position. I would say a docusign i would be more inclined to get involved with because that business is just not going away. Not an obscene valuation. It is not speculator spectacle that i would call tesla. That is really, really bad news for tesla. Charles real quick, another wild card for todays session is the role of d. C. , disappointment when it comes to fiscal stimulus. Listen, courtney, weve been waiting a long time. The market has been able to rally as Congress Played with their fiddles, but i do believe it is beginning to have an impact on this market. Could be playing into some of the selloff weve been seeing last couple days here. I think were going to see a selloff like this though. The idea, well at some point in time see stimulus which will only be a good thing for the economy. The great news it is happening anyway. Were saying unemployment numbers pick up. Were seeing sales, everybody is spending money actually above what they were back in march. All of this is happening. Charles right. Regardless of the fact stimulus is still out there. It will be a great thing if and when that happens. Meantime things are still looking up. Charles in the meantime, mr. Jones, if you liked it at 20, you got to love it at 10. Michael, courtney, dani, thank you very much. I appreciate it. Thank you. Charles by the way, folks, 2 25 Fox News Contributor liz peek on the bidenharris creating doubt about the safety of a covid19 vaccine. Is President Trump when he he accuses them of playing politics with the coronavirus. What is the president s plan not only to distribute the vaccine but convince americans to take it . I will ask casey smiley from the rnc. All of that coming up next. Lent even offered a personal loan. I didnt even know that was an option. The personal loan let us renovate our Single Family house into a multiunit home. And i get to live in this Beautiful House with this beautiful kitchen and its all thanks to sofi. 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. Welookentertainmentourg a wayexperience xfinity x1. Its the easiest way to watch live tv and all your favorite streaming apps. Plus, x1 also includes peacock premium at no extra cost. This baby is the total package. It streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. Yup, the best really did get better. Magnificent. Xfinity x1 just got even better, with peacock premium included at no additional cost. No strings attached. We dont because we have much more money than we had last time going into the last two months. I think double and triple. But if we needed anymore i would put it up personally. Charles President Trump saying he will use his own money if he had to for the reelection bid. This coming after a report in bloomberg saying he is discussing using 100 million of his own cash against joe biden, something never done by an incumbent. What does it mean for the race . Joining me gop Deputy Communications director, cassie smedile. Thanks for joining us. President trump willing to put 100 million in. He put 50 million around. Some would twist the story as sign of desperation. Some saying no person ever made that sort of commitment to be commanderinchief. What are your thoughts . Absolutely. This is him saying i will do what it takes for what is best for our country. We believe what is best is four more years of the trump administration. The president believes he could be right leader not just for now but additional four more years. I have to stop us this note talking about money today, we made a Huge Investment over the last four years, really from when President Trump was first a candidate to many states. We never left, investing in the ground operation. This is big reason why the president wanted to announce his intention to run for reelection right out of the gate. After he was inaugurated. So we had resources to build a permanent, data driven ground game. That is unlike weve seen in Party History but really bringing grassroots politics to a new level. Charles we have, 2000 staffers on the ground. We trained more than two million volunteers. This is huge operation that takes significant resources. Charles you know, interesting enough, if President Trump is reelected that will be a major subplot to all of this, that is being underreported people knocking on doors something the Biden Administration or biden camp is taking note of. It is extraordinarily effective. I want to say the campaign run through a lot of money. Are you concerned that biden has been able to raise so much money out with all the money out there, is that even a concern within the white house . Well note that we raised a lot of money too. We just started doing it a lot earlier. Joe biden finally got the ability, access to some of those donors but really more than 300 million towards data and infrastructure. To make sure not only are we communicating with voters. Were communicating with voters on the message you care aabout the most. Were just not only knocking on Million Dollars a week, were knocking on million right doors. Joe biden says we dont need to knock on doors, engage voters, well do it all from a basement in delaware. In the Grass Roots Campaign business knows you have to talk to voters. Charles no, i think youre 100 right on that. I really believes that gives you a huge edge. I think it is something that the Biden Campaign could come to regret. Got a minute to go. I do want to ask about, there is research out there showing a third of americans may actually refuse an approved covid19 vaccine. If that is the case what is the plan for the white house to get people to take the vaccine, to help, you know, expedite normalcy to the economy . You heard from the white us, with operation warp speed, with all the measures taken by scientists to insure we have a safe and effective vaccine as quickly as possible, so people can get back to work, can get back to going out to eat. Can get back to taking their children to school. So while of course we would never promote a National Mandate like so many of the Democrat Party would have you believe with masks and all these other things, theyre working overtime in the white house with scientists, with Industry Leaders to insure when a vaccine is ready people can feel confident it will be safe and effective. Charles cassie, thank you very much, appreciate your time. The media finding a way to diminish this remarkable rebound that weve seen from the economic depths of hell by ignoring the vshaped recovery most data points are focused on, saying it is more a political kshaped recovery. That incites anger and disappointment. Brian wesbury on keeping doors open. Trump slamming Kamala Harris pushing antivaccine rhetoric. Fox newss liz peek will sound off on democrats politicizing a potential vaccine. Charles much is being made of a socalled kshaped recovery from the economy and wall street and main street perspective. A lot of chatter is politically driven to mitigate the amazing vshaped rebound seen in almost every single economic metric. There is no doubt the lockdown pulled four developments certain to happen next five years. This means telework as a much larger chunk of total employment. In august, 24. 3 of workers reported that they worked from home. Now it is down from 26 in july. Certainly it is an eyepopping number. Meanwhile 24. 2 million americans reported not being able to work because of those coronavirusrelated lockdowns or prohibitions. That number is down from 31 million in july. If the political situation is to tax individuals and businesses to redistribute wealth it will only take the upper line of that socalled k and turn it down, turn it lower in a very short period of time. Ive covered this on paynes perspective for many months. From the investment point of view. From a socioeconomic point of view i think it speaks to the need for job training, the ability to curb offshoring of american jobs, the same folks from the chamber of commerce to big business, they have got to stop setting up shops abroad and stop importing workers when americans are able, ready, willing to do that job. Joining me to discuss, First Trust Advisors chief economist brian wesbury. First of all, happy birthday. I want to get that out of the way. Secondly this k shaped recovery was seen in the stock market to a degree but now it has been adopted by politicians and it is a way i think of trying to diss the fact we have come back a lot faster and stronger than anyone imagined back in march. Charles, i think youre absolutely right but first of all, im not telling your producers ever again it is my birthday. Anyway, thank you for the saying that. Look, the gdp fell 31. 7 at an annualized rate in the second quarter. We all knew it was going to be an ugly number but right now the atlanta fed on their gdp now model is saying were going to have a 29. 6 rebound an oomphized remember, in the third quarter. That is a vshaped recovery. This socalled k, its a political letter because what theyre saying is, the top of the k is going up, everybody and the bottom of the k is going down. Right. If you think about one of the key reasons for that is because were locked down. If you dont let restaurants open, if you dont let Small Businesses open, if you dont let gyms and theaters open, granted a lot of those people are younger. Theyre lower wage jobs in many cases. So no wonder there is damage being done to certain parts of our economy, but it is because of the lockdown, not because the economy is in trouble other than that lockdown. Charles right. If you go back, if you go back to february, lower income wages were going up faster than higher income wages. And we just blew that all apart by locking everything down. Charles also, i think politicians want to politicize this, why dont they Talk Solutions . Im so frustrated with the amount of workers that we bring in from overseas. These amazing jobs are part of that upper line in the k, im sure there is a word for it, i dont know what it is, includes jobs you dont have to necessarily have a masters degree. You probably need more than a College Degree but we should train americans to work behind the scenes on the zoom calls, behind the scenes at docusign. We should train americans to take advantage of those jobs. Absolutely. That was, if you go back to february, everything was working toward this. We were down at 3 1 2 unemployment. We were bringing jobs back to the United States and by the way, also to much more friendly trading partners, like mexico, like canada, like india. So that is what when he need to do is get back to those kinds of things. But if were going to be locked down, if were going to be locked down, were doing immense and longterm damage to the economy and that is what is so frustrating to me. Its the lockdown. I think when we look back at this from, from the future, were going to find out this lockdown was maybe the dumbest policy we ever followed. Charles brian, once again, happy birthday, my friend. Always appreciate your wisdom. Well talk to you real soon. I do want to switch gears. President trump blasting joe biden and Kamala Harris, accusing the democrats pushing a antivaccine rhetoric. Bidenharris saying they will not trust President Trumps word that a vaccine is safe. Joining me now, fox contributor liz peek. The president is saying biden and harris playing politics with the virus. I find it delicious irony, because when i listened to Kamala Harris, saying trust science. How dangerous is this . This is so dangerous and despicable. For months the country is praying for a vaccine which would be the only way we get out of this tremendous ditch that the coronavirus has put us in. Now that one appears on the horizon, democrats are scared to death that this will take away one of the issues this they think is so important to their success in november. That is, accusing trump of malhandling the virus. So what have we seen here . Operation warp speed has in fact gotten all the resources of the federal government and the Big Pharma Companies and industry elsewhere together to try to combat this virus and come up with a vaccine. Guess what . Well have one very shortly. Charles right. To make americans scared of taking this is like pulling the rug out from under our recovery and of course that is exactly what they want to do. This infuriates me. It should infuriate people on both sides of the aisle. Charles also, you know, by suggesting that people may be afraid to take the vaccine actually makes people afraid to take the vaccine. Yeah. Charles i think everyone understands that, that old tactic. I dont have a lot of time but i got to get your thoughts, liz, on the senate. Republicans are introducing a targeted stimulus bill. Moments ago Mitch Mcconnell was to have a procedural vote on it by the end of the week. Everyone says no chance socalled slim version will pass but will anything happen before the election . I say pox on everyone involved. In my mind we mead one more push for the economy this is for all americans . I think we need a slim push. I think mcconnell is totally right. We dont need extension of Unemployment Benefits that keep people from going back to work. So im totally in line with the republicans on this i think what theyre doing is right. Theyre trying to put pressure on nancy pelosi and the house to deliver help to where it is really needed, which is Unemployed People who need money to pay their rent and everything else. Charles, this is war of words between these two between pelosi and mcconnell. This is not serving the country well. We should see this go through. A pox on the house if they dont pick it up. I totally agree with you. Charles liz, always appreciate it. Thank you very much. So folks how close are we to a covid19 vaccine . Fox business investigates that next. Plus were watching stocks. We start the week off deep in the red. You know what . That is when there is money to be made. Stocks benefiting as the economy reopens. How can you benefit from that too . Well be right back its the ones that got away that haunt me the most. [ squawks ] cause youre not like everybody else. Thats why Liberty Mutual customizes your car insurance, so you only pay for what you need. What . Oh, i said. Uh, this is my floor. Nooo only pay for what you need. Liberty. Liberty. Liberty. Liberty. So youre a small businor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Charles so just how close are we to seeing an approved covid19 vaccine . President trump says we could actually see it next month will we actually have something for people to take before this year is over . Edward lawrence is live with the very latest on the timeline. Edward . Reporter charles, the stars may be aligning that that vaccine could be the october surprise for this election. We have two major vaccine makers saying they will have enough phase three trial data to put forward for possible approval here in the United States. Now partnership of pfizer and enbiontech, astrazeneca, will have data from not just inside of the u. S. But tens of thousands of people in other countries where the trials are going on. Nine vaccine makers signed a pledge said they will all follow guidelines from established regulatory agencies like the fda that could be a possible step to justify earlier approval in this country. We also could see a situation where astrazenecas vaccine could be approved in the uk with date from the uk and brazil trial but still waiting for more test results in the u. S. On the same vaccine. The white house is optimistic to have a vaccine available and approved in october and theyre taking steps now to distribute it. What we are doing is preparing for a success on one of those that are currently in clinical three trials. Manufacturing millions of doses of those particular vaccines alongside of the clinical three trials. Reporter over the weekend another Kamala Harris says she would not trust President Donald Trump own the vaccine. Former Vice President joe biden walking that line between the president and the Science Behind the potential vaccine. Listen. Said so many things that arent true, im worried if we do have a really good vaccine people will be reluctant to take it. He is undermining public confidence. But pray to god we have it. If i could get a vaccine tomorrow i would do it. If it cost me the election i would do it. We need a vaccine, need it now. You have to listen to the scientists. Reporter it is all political here. Now the feeling in the white house is that if they get a vaccine that it could help Donald Trumps chances to be reelected. That is because you would have Consumer Confidence go up. More people would spend, the economy would be jumpstarted. One more point, charles, before we go. Dr. Anthony fauci reiterated the line he said last week where he said it is unlikely but not impossible to have a vaccine in october. Back to you. Charles edward, thank you very much. You know last week stocks of companies that benefit the most from a reopening of the economy were actually the biggest winners, certainly percentage gainers and while today it feels like wall street is jumping on the bandwagon, Deutsche Bank out with buy on disney. Goldman has a buy on windham destinations. Morgan stanley put buy on Delta Air Lines and southwest. Is it time to have greater exposure to the socalled reopening trade as other parts of the market have run into trouble . I want to talk to belpointe chief strategist david nelson. Deckers is up today. Burlington coat factory is up today. Phillip van heusen. These restaurant stocks. Darden reversed. Cheesecake factory, starbucks. A lot of these companies associated with a vaccine, better testing, what is wall street what are these stocks telling us . Feels like wall street is start towing believe this is going to happen . I think the market is telling us it is going to happen. That is a big part of the rotation weve seen over the last week. Part of it is good news on the battle for covid. Some of the Economic Data you talked about. Strong ism manufacturing number last week. The biggest challenge, charles, for close proximity companies to find ways to monetize their business while running at duesed capacity because they will have to do that. One or two things will happen, the vaccine will cut the legs off the economy and americans find ways to live with this, practicing basic protocols by the cdct just takes some effort on our part. Charles i know one of the names that you find intriguing in the retail space is best buy. I was at a best buy this weekend. I was really surprised that the traffic was very, very good. I saw a lot of Economic Activity everywhere. The drive out there, the highways were packed. I couldnt even get gas. Granted it was a Holiday Weekend but it tells me there is Economic Activity going on out there. Even when i go out on the avenue in greenwich, connecticut, the restaurants out there, theyre running at reduced capacity but people want to get out there. Well have to find ways around that. I think the secular growth trade we lived with for the first part of this made the most sense when we shut down. Now that were reopening, well see the money, seeing it all last week start to move to other areas of the economy. Charles you know, im going to have no choice but to own best buy because ive been there so many times, david. Im trying to set up a outdoor theater. It has worked once, just once, okay . The last time i had it ready, all the kids were over, the grandkids and the receiver blew. I dont know if they sold me the wrong receiver. I bought a screen from them, two receivers. Im not trying to diss them, salespeople they cant keep the stuff. Theyre selling anything, everything. I have to wait for some of this stuff. Youre right, best buy is not the only one but theyre certainly doing very well. I love when you bring the antidotes, especially when i also experienced it too. Thanks a lot. A drivein theater . Charles no. We just watched it on my 70inch screen. That mulan. It was all right. If youre interested in the market, particularly when it is down like this and youre anxious, i would put a lot of time and effort how to compile a list of stocks to buy. It is in my new book, unstoppable prosperity. Many of you know right now the stock market is a passion of mine. Ive been helping people well over 30 years, every single day, individual investors navigate the market and i put all of that into the book, believe me i have seen all the mistakes having made many of them myself. I hope to help you avoid most of these mistakes, and not to be afraid. Let the downturns be your friend. I have the road map for you. Called, unstoppable prosperity. Get a copy at unstoppableprosperity. Com. Even mitt romney making a cutting remark about Nancy Pelosis salon meeting. Getting cleaned up four resumption of the senate. Better than pelosi. The campaign helping out the owner who lost their business because of the pelosi visit. Well be right back. How they gonna pay for this . They will, but with accident forgiveness allstate wont raise your rates just because of an accident. Cut is that good . No you were talking about allstate and. I just. When i. Accident forgiveness from allstate. Click or call for a quote today. 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. So youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Charles days after damaging the business of a San Francisco salon owner by claiming a setup, nancy pelosi taking to twitter to thank the american worker. Over generations working people across america built the middle class and secured progress for hardworking families. House democrats are unified in our commitment to americas working families. Well, i can tell you right now this is not sitting well after the speaker was caught on camera inside after salon that was supposed to be only open for outside styling. Salon owner erica kias is denying the allegations that she set up the hoist speaker. My neck guest set up a gofundme account to help erica. It raised 300,000 in five days. Amy tarkanian. Long time. Glad were doing this. Concern gratlations. What got you moving on this. Erica and have been friends for roughly 20 years. Were also friends with her exhusband, the father of her two children. You know, this was very easy for me to do because she is a friend. I would hope that it would be reciprocated if i were put in her position. She is somebody who basically just trying to make sure that there is food on the table for her children, make sure that there is a roof over their head and, when this happened, this took place, she was surprised they actually followed through. This was with an independent contractor, not set up by erica herself. The independent contractors, they have access to the keypad for the doors and this was, this was a shock to her, that it was actually followed through with. When she called to tell me what she had seen on the security camera, she was just absolutely floored and couldnt stay silent and felt that it was necessary to speak up, not just for herself but also for the other businesses that were suffering in her area. The many salons across the nation that werent able to open as well. Charles right. Well you know, heres the thing, amy, it would be one thing if there was miscommunication on either side. Nancy pelosi says she was set up, sort of, i dont, i mean, from what i understand this really cost erica so much problems, now of course i think she will be taking some of this gofundme money to relocate . Every single dime is going towards her business. She is the sell beneficiary. She is going to have to break a lease. Sheave will have to pack up a equipment. Have to find new brickandmortar. She will have to employ new folks. This will take quite an upheaval if you will of Financial Assistance and also some manpower. She is actually fearful of going back. She will have to have others pack up for her because she has received death threats. Ive seen them myself. She shared them with me. Anywhere of threats of slitting her throat. Threats wanting to burn down her business. Threats to people locating her home address. Were coming after you. This is something you dont take lightly especially this day and age, you have so much violence and rioting taking place. Charles i did not know about the death threats. I mean that is yeah, theyre real. Charles disheartening. To your point you have to take them seriously. There is no doubt about it . Where is she going to go . Where will she relocate . She has lots of opportunities. South dakota governor reached out. Texas, florida, here in nevada. She will have plenty of off shuns, that is for sure. Charles are you surprised that no one has reached out to her, in terms of some sort of, somebody from Nancy Pelosis office, perhaps, or some high every ranking democrat official to say, hey, were sorry about this. We didnt want it to come to this. Your business has to be closed up . Im surprised no one is showing any sympathy toward her when she is a Business Owner struggling under these draconian measures, like many small Business Owners are making it daytoday. Sure, maybe theyre fearful of the wrath of national sy. Technically she is the third most powerful person in the nation and at the very top of the Democratic Party at this point. Maybe that is why theyre not reaching out to her. For somebody willing to pick up the phone, try to make the phone calls for an appointment in the first place, in her district, she knows the rules. She is surrounded by an army of people who take care of her. She should know the rules. Quite honestly the governor is her nephew. Dont give me this bs. Charles leave it there. Corn gratlations. A beautiful thing youre doing. Folks, well be right back. Thank you. 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. With the icon that does the same. The rx, crafted by lexus. Lease the 2020 rx 350 for 409 a month for 36 months. Experience amazing at your lexus dealer. Charles softbank shares tanking after the company is unmasked as the nasdaq well reportedly making huge and very risky bets on tech stocks. Cheryl casone following this story, has more. Cheryl yeah, it was a market rumor last week that spread like wildfire, who had bought billions of dollars of highflying u. S. Tech stocks before the massive selloff at the end of the week. Reportedly now we know it was softbank, the japanese conglomerate who has now been unmasked as the quote, nasdaq whale. The company had been piling into options during the month of august in large trades, meaning the trading action of some of americas biggest names was really off the charts. In fact, look at the price jump for these names last month. Teslas share price shot up 74 . Apple gained 21 . Alphabet rose 10 , amazon gaining 9 . The stocks today obviously now that the story is out there and everyone is kind of looking at the actual valuations of the stocks and their real value, look at tesla, down almost 20 . All the other names are in the red. This aggressive move in the Options Market was described as a pretty dangerous bet and a big change of behavior of softbank and its founder, matsayoshi son. One trader says these were some of the biggest trades in 20 years. Charles wow. Really really wall street is all abuzz about it. The numbers are astronomical. Thank you very much. Of course, speaking of which, its another very volatile day in the markets. All three major indices down more than two percentage points. I want to bring in to talk about not just about softbank but also some other aspects of this pullback, key Adviser Group eddie ghabour. The kind of leverage softbank was using, really astronomical. I know wall street tries to blame everything on the stock market on the socalled little investor but lets face it, you got to have pretty big names to bid up these stocks to the levels that they have been bid up to in the first place. What do you make of this . Is there more to this . Could this just be the canary in the coal mine . Could there be other softbank situations out there . Look, there certainly could. If there is, thats a very reckless trade to your guests earlier point. That could cause even more volatility down the road. Its very surprising to me to see a company like softbank to make such a reckless bet in the Options Market. Again, it just goes to prove it wasnt just the Retail Investors that were causing the spikes in july and august. Charles we are talking billions of dollars in options, you know, derivatives, that leveraged out to tens of billions of dollars in actual money in terms of the stocks. You know, maybe it calls into question their own the companys own fundamentals and maybe what they are trying to cover up there to unwind Something Like that, you think the streets going to step back for a moment or two and see where the smoke clears . Yeah, look, i expect more Downside Pressure on those high flyer tech stocks, specifically the ones they make the bet on. I see it as a buying opportunity for investors but again, strategically what we are doing with cash is with our clients, we plan to buy in four tranches, two between now and the election and then two more after the election, because i think we are going to see even more volatility possibly during that time period. I think its a Good Opportunity frankly for investors but i wouldnt jump all in right now because i think the rotation to value is real. Charles i love that idea, four tranches, two before the election, two after the election. And so you like the barbell approach, you have some apple and amazon but you also like bmn. Investors should look that up. You have a fantastic track record. Thank you very much. Meantime, we had one decent rebound attempt today that faded about an hour and a half ago. Now we are starting to fade. You can bet the last hour of trading will be crazy. Liz claman, hold on to your hat. Liz in fact, im doing some back of the envelope math here. The nasdaq over the past three sessions has lost about 1,129 points. Big chunk there, definitely. The other indices are really kind of tanking at the moment. We do have a treasury tuesday on our hands. The first trading day after the long Labor Day Weekend has the bulls diving for cover. The vix, wall streets fear gauge, popping 5 but the volatility index is volatile itself. Just a few minutes ago it was up 9 so we are looking at a lot of Movement Moment by moment. With the addition of the oil markets, which were in the aftermarket right now, oil