Well be looking at the crippling problem and what can be done to alleviate. All that and more on making money. Charles break out the nasdaq 9,000 hats, folks. It has been a decade for technology, which now, influences all facets of our lives and the process has created wealth beyond anyones imagination. Even not too long ago, think about this, after the Technology Bubble burst, the nasdaq composite, slipped into a form of purgatory if you will. But once technology really began to catch up, the hype began to impact the daily lives, sparked a modernday gold rush that shows no signs of slowing down. Considering this, total volume of nasdaq, in 20,173,000,000,000,000. Now almost 18 trillion, even todays session, the big names in tech are leading nasdaq even higher. The question, can the biggest winners of the session of the year, of the decade, keep it going into the next year, even the next 10 years . Here with me jackie deangelis, money map chief investment strategist, keith fitzgerald. You have been all over the big tech names, momentum names. Mindboggling what happened here. They have regained momentum they lost a month ago. Where is the end . I dont think there is one, charles. That is one of the coolest things about this technology. We are very rapidly going to a point where big gains are not necessarily making a new widget or making a new hard good. The big gains are harnessing technology. We have not yet begun to tap that yet. Connell jackie, i should point out these names are able to morph themselves. Apple was a computer story. Then it became a phone story. Now it is becoming a perhaps a services story. Amazon has moved into the cloud. Netflix, started off selling dvds. Now theyre doing other things. Theyre not necessarily the same companies they were a decade ago but they have been able to power so much higher, trillions of dollars of wealth created. That is why they have been so successful. I think some of the pop youre seeing on apple and amazon is coming out of the Holiday Season as well the both of them appear to have done very well in terms of sales of the products, especially amazon with all the devices. Echo dot, the fire stick, alexa devices. They killed it, hit it out of the park. Charles named top five items theyre all apple products. Yeah. Charles Elizabeth Warren may hear that, bet upset. Youre right, number one stock is amazon. Apple number four stock. Nordstrom reflecting the consumer. Keith, it is also the semiconductors. I dont think many people realize, there is not really a household name in the chip sector per se but advanced micro on its way to being number one stock of the year. If you look at top 10 s p names of the year, six are chip names. Chips go into everything. Will continue to go into everything. You know, wont stop in 2020. It wont stop in 2020. No, it wont. That is nail on the head issue of the chips are in picture frames or your toaster these days. Not just about the big tech you and i grew up with. It will be what can tech do, how it impacts our life. We have to exchange information. This is very much a picks and shovel strategy, like old gold rush days. Charles it is a gold rush, jackie. The gift i came out was Nintendo Switch light. I gave it to every kid. Didnt matter how hold you were. Could barely crawl, take this kid. Years ago when all of this was happening there was the thing, you had a toothbrush with a chip in it, but it couldnt talk to other toothbrushes. Now about everything being connected as well. There are socioeconomic issues come with that. But from a pure investment point of view, it is still a viable thesis. Im looking at it from that perspective, reporter perspective. We both lived through the tech bubble in 2000. It was 5000 and plummeted. It was basically on fluff. There was no substance there. Youre absolutely right. Were becoming more interconnected forever. It is not just domestic market. There is a global market. There is demand for the chips. When im a reporter looking at 9,000 number im a little scared of it in some ways. I agree there is still more room to run as long as Technology Keeps driving us forward. Charles think about the world, not just the United States. Were already saturated. Think how many houses have to be wired up, netflix, disney plus or cell phone service. Billions of people on the planet still neat a cell phone. More evidence the consumer driving economy. Holiday retail tales up 3 . Driven by online purchasing. Were talking smashing records, whether jewelry, department stores, electronics, apparel. Up huge yearoveryear. Keith, department stores, overall down 1. 8 but online up 7 . Here is the thing i find intriguing. Amazon world brickandmortar names, putting them out of business, perhaps now saving some of these brickandmortar names. Oh, i think that is very real. The key here, whether the brickandmortar store offers something not replaceable f its a coming and going. Amazon is commodity, they will take your business before you realize it, focus on customer service, value add, something you cant get anywhere else, those bricks and mortars will do very, very well. We have number up in the northwest, related to kayaks, outdoor equipment. If business can transform itself to that, they have fighting chance. Charles nordstrom, you say you have been shopping. I thought it would be dead on arrival. The numbers are huge. Numbers are huge. There are a couple reasons why. Number one, i agree with keith you have to offer Something Special and different. People shopping online at nordstrom, they Love Convenience clicking, paying online. They make the returns easy too. Brickandmortar retailers are becoming smarter how they do it. Theyre synthesizing the process. When youre there you may pick up something there. Smart ones will ones that morph, able to do that. Charles theyre doing pretty well. Keith, jackie, appreciate it. Several big stories making economic headlines over the past decade. According to brookings, addressing issues, major upheaval, politics, also prosperity. Bring in university of maryland economist peter morici to break down last 10 years. What will happen the perhaps the next 10. Peter, i thought was interesting, one at a time with you, but lower Interest Rates had the fed backed into a corner. Many people are saying that the Central Banks around the world have left us in a pretear precarious situation in general. I dont think so. They may be thinking that way but they dont have to. If we go to electronic money, digital dollars, the fed can bypass the banks to stimulate the economy. There is big potential that way. Sweden is looking at it. China is looking at it. The fed is moving slowly. That is unfortunate but they do have options. Charles youre not worried about negative Interest Rates, asset bubbles, not worried about things historically associated with missteps with Central Banks. That is different than tools. In the short term it gives you a sugar hike, gives you help. Long term rots your teeth. My feeling Interest Rates should be in positive zone. You dont need to lower Interest Rates to get stimulus. For example, if the fed was giving Bank Accounts to ordinary businesses and citizens the federal government bibi pass the bank putting dollars in their accounts. The fed is printing all kinds of money that banks are piling up on their books. Charles let me ask you about this. Robbing the poor to give to the rich, essentially the income inequality story theyre saying has gotten worse. That there will be economic ramifications but could be upheaval from this. Its a topic well, were going to hear every single day during the campaign. Absolutely. Its a liberal talking point. The Brookings Institution is a liberal institution. Reality inequality is improving or getting less with donald trump. He inherited an unequal world. Now minorities are doing better, low income workers are doing better. Where there is problem are excesses of the financial system. For example, the way new car loans are run. There are pressure cookerrers at dealers, take peel that dont know any better, pile on services give them 900dollar payment on a car should be 600 a month. That is where the problems are. Taking advantage of folks where there is an issue. Charles real quick, free market in general, saying free market let us down. Again part of the thing, even quoting President Trump, who talked about the forgotten americans. Has the free market let us down . Will we substitute it with Something Else . I think government let us down. It permitted monopolization of markets. In the Financial Sector fewer institutions controlling more money. With drugs, look what is going on. We basically have monopoly prices for drugs, driving prices through the ceiling. Same thing with elite colleges and so forth. A lot has to do with Government Protection of privileged interests on the left. Charles peter, great stuff. Happy merry christmas. Always appreciate it. Take care. Charles peter morici, folks. Later in the show well look at the big business of returns. Are you by the way bringing back any of the gifts this season . Tweet me cvpayne. North koreas socalled Christmas Gift looking like a dud. While we may have dodged a nuke there are serious major geopolitical challenges were facing as we head into 2020. Well discuss them next. Maybe it is a present where he sends me a beautiful vase as opposed to a missile test, right . I may get a vase. I may get a nice present from him, you dont know. Ys drive this slow . How did you make someone i love . That must be why youre always so late. I do not speed. And thats saving me cash with drivewise. 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The president downplayed the possibility of that it is a nuclear gift. U. S. Flew four spyplanes to monitor the situation. There are many other geopolitical challenges we should expect here in 2020. Here to help us understand what they are, center, at center for National Interest director, harry kazianis. Harry, start with the Christmas Gift. Everyone was sort of bracing for it. We know kim jongun want attention, he wants more information, he wants to know where he goes from here. He rode the white horse, which im impressed with his riding skills, but the point is, we didnt get it but you say we should expect something very soon . Yeah, charles. There is a lot of reasons why. One of actually the biggest reasons a lot of people miss the north Korean Nuclear program isnt fully baked yet. They have shown the capability to have the range to hit the whole continental United States but there is one thing they havent done, they havent tested the warhead. That is a pretty big deal. The warhead has to separate from the actual apparatus goes into the space and drop down on a target like a city. They have not taken a warhead, put it on a missile, dropped it through the atmosphere and proven Nuclear Technology works. If were looking for big surprise from kim jongun. That might be what he does. That is the key to be able to threaten the United States. Charles i read anywhere they could have 20 to 40 nuclear warheads. But to your point, the ability to miniature rise them, put them on a missile, with pinpoint precision, one thing to be able to fly it from continent to continent, intercontinental Ballistic Missiles, and be able to hit a target. At what point should we change our approach . How do we change our approach . Everything has been tried not just with kim jongun but with his father, his grandfather . This is the only currency they have to get respect from around the world. What gives them the respect to give it up . I dont think it will be easy. Our diplomatic track is only track. I gave a speech a year ago to improve the lives of his people. The only way to start doing that is roll back the nuclear program. Maybe well not get him to completely give it up. But for the president , his ultimate goal is secure lives and security of the American People. I think to do that is only way is some sort of arms control like Ronald Reagan did. There is a lot of Different Things that could happen there. I think the president s approach is correct. Charles i got a minute left. I want to jump to iran. 1500 protesters have died. The internet is cut off. Sense i get from people over there, social media, there could be a real revolution budding there. It almost happened before. Many say america missed an opportunity to help. What role should we play if indeed there is an attempt for a real grassroots revolution in iran . Well i think, look, i think were doing all the right things with trump and maximum pressure approach. A lot of people really slammed the president for saying no, you shin pull out of the Iranian Nuclear deal. The deal would expire in 15 years anyway. Iran would have all the tools to build a nuclear weapon. The Pressure Campaign made a big difference. Inflation is Something Like 30 in iran. They have had to get rid of Different Oil subsidies. The peel are starting to realize the evil nature of the regime. We have to help as much as we can. We dont want recommend gene change or military force but encouraging them to take their lives in their hands, support democracy or better government is the way to go. Charles 15,000 number was really a shocker. You have to assume it was a lot more than that, if indeed the government was willing to admit that much. Harry, always appreciate it. Thank you, sir. Charles coming up later why President Trump is warning california of possible federal funds or federal intervention with their homelessness crisis. Also our Defense Budget seeing a historic boost this year. What does it mean for our troops . Retired u. S. Marine corps gunny sergeant, Jesse Jane Duff weighs in next. At chevy, were all family. Were a festive family. Were a fourlegged family. Were a getupandgo family. Were a ski family. Were all part of the chevy family. And as we kick off the new year, wed like you to be a part of ours. Because our chevy employee discount is Still Available to everyone. The chevy price you pay is what we pay. Not a cent more. So happy new year, and welcome to the family. The chevy family the chevy employee discount for everyone ends soon. Male anchor . An update on the cat who captured our hearts. Female anchor how often should you clean your fridge . Stay tuned to find out. Male anchor beats the odds at the box office to become a rare nonfranchise hit. You can give help and hope to those in need. Charles critics blasting washingtons spending as nations debt continues to tick higher and higher. Under President Trump our Defense Budget seeing historic boost. The spending power is as large as 738 billion. Up from record 717 billion in fiscal year 2019. Military members seeing 3. 1 pay increase that is the largest raise in more than 10 years. Joining me retired u. S. Marine corps gunny sergeant, cochair of veterans for trump, Jesse Jane Duff. Gun any, thanks for joining us. Thank you, charles. Charles a lot of republicans grappled with the spending bill and the one before this. With our debt at 23 trillion and counting, the difference i guess was the troops. Military, dilapidated equipment that they were doing in espirit today corps. Has it been worth it . Absolutely. Military lost between 2011 and 2014 lost 100 billion due to sequestration. Keep in mind this wasnt sequestration designating waste. It was