Navarro. Fomc without with the minutes from the and well comb through the minutes to bring you headlines and analysis. Stay tuned. Were ahead of the tonights Salt Lake City vicepresident ial debate. What will be discussed and what will move the needle . All that and more on making money. Charles man what a difference a tweet makes yesterday a stable market with designs of finishing higher were side swapped by a series of President Trump tweets taking fiscal stimulus off the table until after the election. Last night, well the commanderinchief clarified he would immediately sign off on relief for airlines, Small Businesses and 1200dollar stimulus checks. The market gained more than it lost. I think it is more clear it is not even an issue. This whole stimulus thing can be put on the shelf. Democrats took aim at the gatekeepers of the Digital Economy that they have monopoly power and may need to be broken up. Are the companies victims of their own success especially in the age of covid19 . Dont look now, there is also palace intrigue at the Federal Reserve. Todays minutes could reveal major dissent and move the markets. Upward bias returned to the market in a big way. Where do we go from here . I want to ask kaltbaum management president Gary Kaltbaum and jim paulson. Gentlemen, thank you very much. Gary k. , you were on the show last week. You said we hit a bottom. That we were going higher. I know a lot of you dont necessarily like the idea of President Trump negotiating via tweet. It seems to have moved the ball. Where does it life leave us with stimulus and the markets . The moral of the story, dont blink, number one and number two, i think the market is going higher in spite of the president going into the hospital. Despite the tweets, despite an election where the left is winning where they want higher taxes and more regulation. I read the tape and when the semiconductors are leading, it is usually good for the markets. Technology is in gear again. The nasdaq is a stones throw away breaking out of the range from last week. Im pretty sure it will happen the next day or two. Youre also getting a broadening out, economically sensitive names i dont usually look at like air products amazingly and sherwinwilliams, things like that. Even the financials have a little bit of a bid. I think were going higher. I think well have a pretty darn good Fourth Quarter in spite of everything we are seeing. It is just the market wants to go higher. When you have jay Powell Printing 120 billion a month, the woman, legard from the ecb, said they could lower rates even though negative 1 2 , that tells you everything you already need to know. Charles negative numbers go to infinity my friend. There is a lot of room in the negative territory. Jim, dont blink, that could be the model since President Trump took office but certainly in the last couple sessions for real. Where do you see us going from here, jim . I agree. I think were going to go higher over the next year. You know what im interested in is, i think historically there has been a wellresearched lag effect of policy, charles. That is it takes about a year or more before policies, monetary and fiscal, really have positive impact on the economy. So were just now in the Fourth Quarter perhaps get being into the window where a year ago policies might really start to come home to help the economy. All this focus on the need for more stimulus is a little odd to me, coming out of a quarter where we grew 35 . Where we just created 917,000 private sector payroll jobs with revisions. And were going to get more and more influence from the lagged effect of past policies. So i think were going to have a really good growth quarter. Maybe close to 10 and i think that will squash these fears of whether we get stimulus or not. Charles you know, interesting enough, barry, on that note, an analyst also at jpmorgan said that our economy could actually hold up, hold up well if stimulus was implemented early next year. But there is a difference though between the economy survive being and thriving. So in your mind, how important is it . Is there immediate need for it . Or is it baffling to you as well . Well, were in the early stages of the a Business Cycle. So this is when the returns are strongest. You know ive been telling investors that a new Business Cycle began on march march march 23rd n is when youre supposed to be positioned in economically sensitive sectors and this is when things are rebounding robustly. I dont, i dont think that stimulus before the election was in the market at all but listen, the mix matters. When we get into 2021 the mix of Growth Matters a lot right now. I think that is behind the momentum that jim and gary were talking about. When growth is being driven by housing which has a very strong multiplier, when Capital Spending plans are improving it looks like capex is rebounding not just in Software Like it has been for almost a decade now but also in equipment, maybe even in structures, as we rebuild supply chains. That is strong Multiplier Effect because it drives productivity and wage growth. All those things matter. The stage of stimulus matters as well. If we get into 2021, it is big openended transfers to state and local governments that allow lockdowns to continue and more expanded unemmoment insurance instead of an eitc that disincentivizes the recovery in the labor market, recall last recovery for the labor market was five years into the recovery, when we extended Unemployment Benefits that should have happened in the first year of the recovery or second. That stuff rememberses. Charles i remember that as well, barry. Im not sure the market will love it next year. Charles another big story, by the way i do remember that well. That is what a lot of politicians remember as the debate goes on. The other big story is the fight between congress and big tech. Your firm actually discussed a lot about the overwhelming stock market gains. They enjoyed them so far. Could the gateways to the Digital Economy, could they be victims of their own success . Could we actually see breakups . I think youre right about that, charles. I think theyre kind of victims of their own success. You know, in economy that wasnt growing they have been able to show spectacular growth. They became plays in the stock market that did well in bear markets and did well in bull markets, an outstanding characteristic for an investment. I think as a result of their growth when no one else was. They have become really large in the stock market and the economy in relation to the overall gdp or over all market capitalization. I believe there is some monopoly power and i think that there should be more emphasis on looking at new mergers going forward. But i think the likelihood of these being broken up, i think is low. I mean its possible if the democrats get tripower it could go there. But i think it is still low. I think more likely there will be greater scrutiny on future mergers. Charles gary k. , i think it would be nuts considering the Global Economy for us to wreck, trying to dismantle our most powerful international forces. 5678 son got an upgrade. Benchmark says the stock will go to 3800. Seems like wall street sun phased. Facebook under a little bit of pressure. You talk about the names, how critical are they not only to the economy but especially to the stock market . Im worry these people investigating asking the questions dont know a potato chip from a Semiconductor Chip yet they want to break companies up in technology. I dont understand why you want to break up greatness. I dont understand why you want to break up Companies Creating massive amounts of jobs, massive apartments of wealth. People starting at minimum wage of these places making half a million bucks a year. Making a ton of money in stocks. Yes, there are issues, i can tell you amazon has done some anticompetitive things. Guess what you do . You talk with them, sit down with them, show errors of their way. You have them fix them. If they dont fix them you do other things this is crazy to stop on greatness. The greatness of this country, you can grow as big as you want to be, as wealthy as you want to be, yet they want to take a machete and cut them off at the hips. Absolutely nuts. Charles quick. Before i go, barry, i have less than a minute. You talked about all the things in the economy. I dont know if you mentioned Consumer Confidence and where the consumer is as we talk about these tech names and consumer names. Are they positioned, do you see consumer strength coming on enough to keep this momentum going . Yeah. All the evidence is that the labor market momentum continues. I have a proxy for back to work using jobless claims and continuing claims. The latest week we produced, created 1. 6 million jobs. So i think the economic momentum is strong. Furthermore most of the stimulus money wasnt actually spent as of yet. So there is, savings rate is high. There is plenty of liquidity. Charles right. The consumer went into the Business Cycle way underlevered. It was the antithesis of the prior economic crisis. I think there is plenty of firepower left. With or without near term 1200 checks to every one. Charles by the way, we get Consumer Credit number at 3 00 p. M. A lot of people overlooked the number. Could be more important today. You guys are fantastic, gary, barry, jim, thank you very much. Always appreciate it. Meanwhile folks, Vice President mike pence and senator Kamala Harris set to face off in a much different setting than the last debate and under much different circumstances. Well have a live preview. More insight into the latest fomc meeting. Mosh on mower on the dissent and the crisis that organization has faced since the great depression. Thats next so youre a small business, or 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 well the fed now out with its minutes from its last meeting just moments ago, the message is pretty clear, folk, they think more stimulus is needed and they think it is need the right now. Lets go to Edward Lawrence to break it all down. Reporter charles, a lot of skulks about this. This is from the september meeting. They talk about the forecast. In the forecast from all participants factored in fiscal stimulus in the second half of the year. Due to the heightened uncertainty that fiscal stimulus was important. They said a new package or going, would help a faster than expected recovery. So a new fiscal package would help boost the recovery towards the end of the year. The participants say supportive monetary policy, that they have currently and the backstops that are available would help if there is no fiscal stimulus coming but they did say that recovery would be weaker than expected if there is no more fiscal stimulus. They do also say that the, they observe the incoming data as of now because the of the cares act specifically was faster than expected, the bounceback, faster than almost all the participants expected coming back up. But again that is because of the fiscal boost which is why theyre saying we need it in the second half of the year. This meeting talked about the new framework for the Federal Reserve. The big shift, talking about an average of 2 target, allowing the economy to run a little bit hot. A shift in the maximum employment, the thinking of maximum employment, talking about the fed possibly not hitting a milestone when it gets to where it thinks unemployment bottomed out they will start raising rates, allowing the economy to run hot. All participants agree the framework review was appropriate to go forward. A lot of discussion here about Forward Guidance and extending Forward Guidance. Most participants said explicit Forward Guidance based on the federal funds rate and when it should be raised should be a criteria for lifting the federal funds rate should be in the fomc statement. A couple of participants saying even more stronger language should be in there. Less qualified, outcomebased Forward Guidance. They should be judged more clearly, maybe specialty inside of the fomc statement. So a lot of discussion about how detailed the Forward Guidance should be but again the bottom line in this reporters they believe fiscal stimulus is needed. Back to you. Charles Edward Lawrence, thank you very much. Now for more i would like to bring in former dallas fed advisor Danielle Dimartino booth. Danielle, your overall assessment. I have a lot of notes, but i want to get an idea what youre thinking after seeing the fomc, the seeing the minutes. It is pretty apparent to me there is one area of consensus within the committee, that is they want more fiscal support. We heard this from every Single Member of the fed consistently. The only question i have for fed officials which is never asked, youre mandated with maximizing employment in the United States so why do you keep on asking for the fiscal authorities to help you fulfill that mandate . Why is, why is quantitative easing only benefiting stock Market Investors and not actually trickling down through to the constituents in the economy, Small Businesses, workers in the private sector, who dont seem to be on the receiving end of fed policy. That never seems to be addressed. Charles yeah. Thats one of those questions that captain kirk used ask the aliens and shortcircuit their super evolved brains. They essentially say, why do you exist . Im not sure they want to ask that question but it is an amazing question and certainly critical right now. I want to go over a couple things, strong outcomebased guidance. It is about Forward Guidance. That is what were discussing now, what changes could be made in that, lets face it to appease the market . The market is looking for the fed to quantity tie, well not only stop until inflation is above 2 but potentially until gdp is at certain level or until the Unemployment Rate drops back down where it was when we were last comfortable with policy, comfortable enough to tighten which would be a half century low. The market knows, the constituency knows, even looking at the feds own projections they dont anticipate hitting their 2 target before the end of 2023 the fact that the markets want more explicit guidance shows how dependent they come upon the fed, being explicit before and having unemployment target before was something they had to back off doing. That is part why Robert Kaplan from the dallas fed was pushing back as much as he was. Charles real quick, danielle, you talking about the fed and the markets. You know earnings are going through the roof in the next three quarters. They were going from negative to up 44 , yet it still feels like this is a marketdriven fed. Even saying that the pandemic was disinflationary. Does that ever change, you mentioned that earlier, does that ever really change where theyre not really pushed around by the stock market . No. I think the tail will continue to wag the dog, charles and even though were going to see this massive bounceback in the Third Quarter the same thing with gdp, its still not going to bring us back to where we were prior to the pandemic, more problematically, even though well see a huge rebound in earnings, all of wall street analysts are expecting, excuse me, are expecting that revenues, that topline growth stays negative through the end of the year. That is why i think were starting to see layoffs trickle up into the whitecollar professional sectors. Charles right. Danielle dimartino booth, thank you very much. Youre absolutely one of the best when you come to this. We appreciate you help us hash it out. Coming up after the break i will be joined by alveda king on her new book, why trump. A it is a question that Vice President mike pence will have to answer in the debate with Kamala Harris. Well go live to Salt Lake City for a preview when we come back. Weve often wondered what keeps the world running. Economics . Algorithms . Magic . Turns out, its you. Doing your thing. Dreaming dreams. Building new worlds. Its why we built our workspace technology. To help you do your best work and to see what you can become. Youre made for bigger things. Charles well folks, in just hours mike pence and Kamala Harris will face off in the vicepresident ial debate. Hillary vaughn is live with a preview from Salt Lake City. Hillary . Reporter hi, charles. Well this morning on a call with reporters the Biden Campaign said theyre predicting that their opponent, Vice President mike pence will have a good debate tonight but even though they think pence will handle himself a little bit differently than President Trump did at his debate last week, their strategy is to hold pence accountable for being in charge of the Coronavirus Task force. Mike pence may not interrupt or shout like trump did last week but that doesnt mean he is being more truthful. We expect Vice President mike pence to attack senator harris and try to sew divisions within the democratic party. Which are nothing more than deflections from his and Donald Trumps failures cone takenning the coronavirus. Reporter former Florida Attorney general pam bondi has been playing harris in mock debates with pence. She told fox news today, it wont just be personality differences between harris prosecutorial style and pences calm and composed demeanor will be on displace but they will try to show off policy differences too. I think were going to hear their policy and what they want to achieve for the American People and mike pence is going to tell you what he has done for the economy, the tax cuts are huge because senator harrison the record of course saying she would do away with the tax cuts. She would repeal it on day one. Reporter both candidates will have masks off during tonights debate but as you can see a live look inside of the debate hall, there are two plexiglass partitions set up between the two desks where the candidates face off. Biden Campaign Said senator harris tested negative coved sew she is clear to debate and Vice President mike pence was cleared after several negative tests. It is safe for pence to participate in the debate. We know senator harris is on the way to do a walkthrough in the debate hall. We expect at some point Vice President mike pence should do the same. Charles. Charles thank you very much, hillary. It will be an exciting night for sure. Last weeks debate between President Trump and joe biden left a lot to be desired in terms of planning, policy, those kind of things. When should we expect tonight . I want to bring in Fox News Contributor deneen borelli. As hillary was giving us an update we heard from bidens camp that she used the term attack senator harris, right . So and im wondering already Vice President pence is at some sort of disadvantage if he goes too hard against her record, if he goes too hard against her tax policies, whatever it might be, the narrative could be changed in the media to something chauvinistic or Something Like that . Does he come into this debate with a disadvantage . Well for him to tell the truth charles, i dont see it as a disadvantage and that is what Vice President mike pence needs to do and i think what he needs to do is expose Kamala Harris, first of all as the most radical farleft senator, more than bernie sanders, more than Elizabeth Warren but not only that, expose her as a hypocrite, charles. Remember last year in the debate with joe biden she nailed him for being pals or for working with known segregationists like george wallace, who said in a speech segregation today, segregation tomorrow, segregation forever. Former senator robert byrd who he called a mentor. Joe biden opposed School Busing at some point. Not only that the racist bigoted comments joe biden made in the past or current day. None of that matters to Kamala Harris. Because all she wants to do be Vice President or perhaps try to be president of the United States. Charles she definitely wants to be president of the United States. Speaking of which, President Trumps sideline feels like Vice President pence would have to be like the backup quarterback in the championship game. He has to come in do something remarkable. Do you sense this is that kind of pressure on the vp tonight . Well, i know he is going to come in with all of the facts and information for voters because this is an important election, charles and Vice President has been working hard as well as President Trump and so to get that information out about their radical agenda, how they want to fundamentally transform america and then some, with the Green New Deal by raising taxes, by banning fracking. There is a whole list of things that they want to do to this country and joe biden and Kamala Harris get into the white house it would be more than a fundamental transfer of america. We wont recognize america for what it is today which is freedom, prosperity, and individual personal responsibility. Thats america. Charles deneen bore relly, thank you very much. Stay with fox business for our coverage of do nights debate. Catch lou dobbs tonight at 7 00 eastern. He will be followed by neil cavuto at 8 00. That is before the debate kicks off at 9 00. The black vote has become a focal point for the coming election with President Trump touting historically low black unemployment numbers under his administration while joe biden is calling him a racist. Now many black Trump Supporters are being asked why him . Alveda king has a new book on exactly that question. She joins me now. Alveda king, thanks so much and secondly congratulations on the book. You wrote it. Give us the reasons, give us the answers. Thank you so much, charles. I agree with you they must abort scotty, they must abort to the truth honestly. Why trump . He tells the truth. He delivered his promises made and promises kept. I cant pick one which is my favorite. What brought me on board, people thought it would be prolife. Certainly that is a major part when he said we will sea Merry Christmas again. Right at that time we were trying to shop and go around, happy holidays, Merry Christmas, like i said something that was profanity to people. So i said Merry Christmas again. Saving babies. Historically black colleges and universities, permanent funding. Dignity, bringing dignity, supporting juneteenth. A lot of people dont even know what juneteenth is. They never heard it before President Trump. That is acknowledgement of the full liberty of slaves in america. President trump brought us awareness of juneteenth. I could bo on and on. The Unemployment Rate down, crushed under President Trump. Strongest economy we ever had before covid hit. That is why are recovering so quickly. People are being healed. You can stop me all the time. I could go on dahl day. People are being healed from covid. Less people are dying and recovering. Charles this is what i want to say, alveda, i follow the data better than anyone. Yes, wages through the roof compared to where they were. Threers ending last year, black wealth increased by 34 . Hispanics by 65 . White wealth only 3 . At the very moment highest homeownership since 2008. The numbers are amazing yet the democrats do run on how do you feel . If they pay attention, how do you feel because they avoid the facts t makes me wonder why do so many people go with their feelings over the facts . Is that one of the reasons you wrote this book . Another reason why trump, taking us out of our emotions, taking us out of strife and insanity into thinking. One thing joe biden does, he is saying he is helping black farmers. No he is not. He has suppressed everybody. Putting our people in jail, saying our young men were predators and all of that President Trump is helping the black farmers, education, you name it. And he doesnt, he sees us as americans. He gives us that dignity. He is not colorblind. You know that i wrote a book, were not colorblind. He can see us and respect us. That is why trump. Dignity. Charles alveda king, good luck with the book. I always appreciate you coming on. I know it will be a bestseller. Well talk to you again very, very soon alveda. Thank you. Were following these markets which are at a session high right now. And some people think a lot of it has to do with more help coming from washington. So what can we expect from the white house as these stimulus plans move forward . I will be asking top trump advisor peter navarro. Plus he will give us insight into a new trump made in the usa strategy. You do not want to go away. My husband and i have never eaten healthier. Shingles doesnt care. I logged 10,000 steps today. Shingles doesnt care. I get as much fresh air as possible. Good for you, but shingles doesnt care. Because 1 in 3 people will get shingles, you need protection. But no matter how healthy you feel, your immune system declines as you age, increasing your risk for getting shingles. So what can protect you . Shingrix protects. For the first time ever, you can protect yourself from shingles with a vaccine proven to be over 90 effective. Shingrix is a vaccine used to prevent shingles in adults 50 years and older. Shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. The most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. Talk to your doctor or pharmacist about protecting yourself with shingrix. Shingles doesnt care. Shingrix protects. 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. Call to receive the complete guide to protecting your hardearned assets. Dont put it off another day. The call is free, and youll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. I enjoy buying gold. Gold has protected me. I feel comfortable. When i got involved with gold, and something i could physically touch and i could hold. No one could take it away from me. I have it and i have it secured. Of all my years involvement with buying gold, its only gotten better in my faith in the company. The us money reserve. Thats the company i do business with and i dont see doing business with anyone else. Theyre trusted and theyve always done right by me. If youve bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone. 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 breaking right now, the white house just releasing a new report on President Trumps America First trade policy. According to the report the president has added thousands of new manufacturing jobs in pennsylvania. For more on President Trumps buy america hiring policy, hire american policy, im joined by white house trade advisor peter navarro. Peter, give us an update on this new data. In the report comes out basically looks across five different dimensions of the buy america policy. Of course there is the government procurement. We spent over 200 billion a year at the federal government level on things like roads and bridges. What we saw since President Trump took office through executive orders we boosted that by about 25 relative to obama and biden. Hire american we just have been relentless about stopping abuses in the h1b Program Including some actions that we just took over the last 24 hours. Also done things like helping our veterans transition into civilian occupations including things like our sea veterans transition into the merchant marine which is a six figure job payment. So we got that. It is really more to understand the increase in the Defense Budget that President Trump engineered is basically the one of the purest buy american, hire american programs there is besides obviously defending this country. Its allowed us to have tank plants in places like york, pennsylvania, lima, ohio. Allowed us to have shipyards thriving in mayorry net, wisconsin. Its a big program. Go ahead, charles. Charles let me jump in because we dont have a lot of time. I do want to get to the h1b news because i think it is fascinating. When they talk about the program it is talking about america is importing a whole bunch of michael jordans. Some of the folks are michael jordan, some are at the end of the bench. They are not all superstars. We have americans who need the jobs. It is not just engineering jobs. From what i understand in northern pennsylvania yaw, if they want to hire a farm worker they have to pay 200,000, otherwise the minimum salary they go lower and lower and eventually price out the american which is what is already happened extensively in technology. So this covers a lot of industries, doesnt it . Yeah. Let me explain what happened here. Its a twopronged approach with the department of health, Homeland Security on one hand and the department of labor. The big picture, charles, is, President Trump has the back of American Workers. What we have is a set of visa abuses that allows companies, particularly shadow third party employers to bring in foreign workers, pay them less for a level of skill that an American Worker has and the president put a screeching halt to that today with this double pronged approach. What weve got at the department of labor, there is four prevailing wage levels that have been boosted so these foreigners, you cant import sweatshops to undercut American Workers. Charles right. You have crackdown on the shadow employers, significant including enhanced inspections. You have what is called up skilling to make sure that these visa programs arent being used simply to import heres the thing, charles. The whole person of these visa programs is to allow Tech Companies to bring in people that they couldnt hire in the u. S. , okay . And thats been so abused. Charles right. This will help change all that. But you know going beyond that it is like everything we do here in this administration is signed to people, bluecollar americans in this case people in the tech sector are getting screwed by the visa abuses. Peter, over the years, so many people reached out so every time we done these on my show, people, americans with engineering degrees saying they have been frozen out of the industry because of these pricing games. Joe biden trying to take over, take over made in america plan so they do say that imitation is the greatest form of flattery. Quote to leave it there. Thank you, peter. Joe biden, made in mexico, made in shanghai. That is joe biden. Mike pence, were with you. Charles peter navarro. Well be watching too. Coming up, folks, news from tesla sending 3 deal. Stocks soaring. Shutting down parts of new york city yet again. Have the leaders learned nothing . Well have the follow up as Governor Cuomo works to close off the clusters. Well be right back. I have jaybirds that come when i call. I know how important it is to feed your body good nutrition. I heard about prevagen and i heard about the Research Behind it. Taking prevagen, i have noticed that i can think clearly. My memory is better. I can say that prevagen is one of the most outstanding supplements ive ever taken. Prevagen. Healthier brain. Better life. Charles welcome back. Just when you thought new york citys economy was slowly returning to normal with Indoor Dining and in Person Learning new yorks liberal leaders have decided well to shut her down again as the citys covid cases begin to rise. Kristina partsinevelos is in brooklyn where Business Owners and residents are furious with lawmakers, how theyre handling the situation. Kristina . Reporter they have been down this road again, not once, but twice now. Shot down, locked down in certain parts of brooklyn. You have boroughs of queens, rockaway. The situation here they have got a lot of mixed messages. Mayor de blasio said they were going to possibly close down nine different zip codes. Then you had the governor of new york come out with a colorcoded map dictating which businesses should stay open, which ones should close. Right now i am in a red zone. This is deep into southern brooklyn, benson hurst. For the red zone, as of tomorrow restaurants will have to close down. They will only do delivery. No outdoor seating like happening behind me. Houses of worship, in brooklyn there is lot of synagogues. Houses of worship only 25 capacity, 10 people inside. You go outside the red zones into the orange zones a little less strict. Gyms will still close. Schools will close, both public and private. Restaurants can have outdoor dining. Finally you enter the yellow zone, its a little bit cautionary but still not a massive shutdown of all of those nonessential businesses. And the fines too, are quite steep. You have 1000dollar fines, should you absolutely refuse not to wear a mask, after enforcement offered you a mask, that can be 1000 per day. Or charged 15,000 should you hold a massive wedding lets say in the area. It is difficult for a lot of businesses to figure out what is going on, the borders are sometimes just streets. For example im in front of europe pizza owner. I talked with the owner cathy. How frustrating it is to stay open, let go staff. Come back in. Im told this avenue is open. Where are they going . The people from here going to go to 128th avenue. Theyre going to 86th street. Theyre open. Is it sad i got to get stuck . I wanted to cry yesterday. I had reservations everything. Had to cancel everything. Reporter you have nine hot zones and 13 on the watch list which means potentially more shutdowns. Back to you. Charles a lot of confusion and a lot of sadness. Kristina thank you very much. Joining me policy director at the independent womens forum hadley heath manning. Real quick, hadley, thoughts what is happening yet again in new york city . You just heard about the red, orange, yellow, differences in opinions between the State Government and the local government there in new york city. Not only does clear and consistent Public Health guidelines make it easier for you know, local and State Governments to enforce the Public Health orders it also makes it easier for people to follow the guidelines. So when you have wellmeaning lawabiding citizens who want to follow the rules, Business Owners who want to follow the rules, want to do business, do it under appropriate Health Orders you have to keep the guidance clear, consistent and easy for people to follow. That is not the case in new york city right now. That is very disappointing. Americans across the country love new york city and dont want to see one of americas favorite city go back into a shutdown spiral. Charles it is extraordinarily vital to our economy as well. Lets talk about tonight in the vp debates, particularly on tax policy. You know joe biden is talking about raising taxes on the rich and the 1 . Weve heard that all before but the rich and 1 , those numbers do change around, dont they . They do. It is not always the same earners who are in the top 1 and thank goodness that means that there are is some economic mobility. Economic mobility should be the focus of our tax policy. That americans of all levels earn a good wage, improve their standard of living, provide something for their families. It shouldnt focus on class warfare, give from the top to the rest of the us. It is not a question of morality you about practicality. Charles real quick, hadley, just considering all the spending that is being promised is it fair to say ultimately a lot more people will be taxed than realize it at this moment if biden wins . Well you know, there is the practical question, charles. Is at what point do policymakers have to you know, look at the reality of the situation. Higher taxes means lower productivity t means lower total income for the country. Were talking about not just the size of the pie, but whether the pie can grow. It is not just how we divide the economy between the haves and havenots but we have a roaring economy where everybody gets a piece of that. Charles well see. Well see what happens. Hadley, thank you very much. Appreciate it. Folks next the important moves that you should be making as we head into the final hour of trading. Well be right back. Hello, im michael youssef. You know, history has shown that when a nation turns to god, broken families are healed, people break free from addictions and alcoholism, crime rates plummet. In the welsh revival last century, all across wales, police and judges had nothing to do. Why . Because there was no crime and it can happen here by gods grace, when you come to him. [narrator] when nations turn to god, they find their societal problems disappear. There is hope for this broken world, if you just know where to look. Wont you consider looking to the one who made you . Visit findingtruepeace. Com to learn more about his plan for your life. Again, thats findingtruepeace. Com. gentle music charles the final hour of trading has been a whirlwind of late, right. Almost every day, that last 60 minutes. Its also, though, been the best time actually to enter the market, buying those dips, yielding fortunes this year. The market has been closing much lower, gapping much higher the next morning. On that note, i want to bring in phil blankato. You know, this notion of buying at the close and then these big moves in the morning, it keeps happening over and over again. Now i think you have to anticipate that we are waiting for good news and whatever that, particularly if its stimulus or whatever, that could be another catalyst. How are you seeing this market in the way its bounced back in the last 24 hours . Because the president and now the president ial nominee, Vice President biden have both said the same thing. Post the election you are looking at somewhere north of 2 trillion of stimulus. The volatility of yesterday, the market wanted something now but the realization is the president or the new electee will put significant money into the marketplace and theres euphoria. You cant lose right now. Buy stocks because the federal government and Federal Reserve are going to back you up, so throw money at the market just about anywhere. Charles so throw money at the market and at this moment, obviously all 11 s p sectors are higher but certain niches are going crazy. In recent trading, solar stocks have been among the hottest niches in the market. Earlier today, 3d stocks surged on a report that tesla, they posted jobs postings for 3d printing specialists. I know you go with these larger, more wellknown names but investors are always ask me what about these small niches, where stocks are exploding, particularly names and sectors that are finally living up to the hype like solar . I will give you a great idea of a name, smaller name, not heard of, but perhaps it fits in the narrative coming out of a recession. My first one is eagle materials. The reason why i like exp, the money is going to be spent in cyclicals as we grow out of this thing. Then 3d printing to me is the Industrial Revolution all over again. Think about every Little Country in the world, they need parts, how will they do it . 3d printing. Think about health care, creating any type of material needed for health care or tesla needing to make a part for speed and delivery right there. Charles all right. Got to leave it there. You gave us two great names. We are looking for these things to pop. You will be on the show next week, we will grade them. You are always fantastic. Appreciate the help. Meantime, liz claman, this is a rally. This is completely different than what i handed you yesterday. What are you going to do with it . Liz i know. What am i going to do . Im taking it right off the road. Just kidding. Yeah, listen, what sparked it, the trump backtrack, right . Markets are indeed shooting higher as we head into this final hour of trade. The president reversing course after his shutdown all stimulus talks tweet that was sent right before the final hour yesterday during charles show. That triggered an ugly end to the session. Did the worst selloff in two weeks spark his late night turnabout . The bulls are now reinvigorated. The dow up 553, s p up 60 points, the nasdaq better by 211. It all comes as the 2020