I will talk about that with rnc chair ronna mcdaniel. All that and more coming up on making money. Charles well you could call todays session a random walk down main street. This as the biggest percentage winners include auto dealers like carmax, casinos like m gm, retailers like roth stores and furniture makers leggett and platt. This as looks like economy will open across the country. Wall street experts say the move is too early and far too optimistic. Lets get what our market pros see what they think. Shah gilani and erin gibbs. Erin, let me start with you. The idea maybe this is too much optimism. Wall street hates it but the more hate it the more the market seems to rally. We are, many of us are cautiously optimistic. But im definitely concerned at how stretched some of the valuations are looking forward though. It is very hard when you talk about value because you really have very little visibility on what the actual earnings will be. But certainly there have been a lot of predictions well see more w type of recovery. Well go up and back down. Finally, do the longer term recovery. So, were a little cautious about any sort of second wave or negative in the market. However, i dont see this being where were really going to have a massive downturn or further declines, perhaps, just retesting the lows. A good point to get in. Charles shah, you know, heres the thing, initially you were somewhat cautious. Last time we talked last week you felt a little bit more optimistic. Could there be a difference though, a distinction between the stock market, you could argue made a vshaped recovery and economy which could be a w, a u, who knows, maybe an l, we hope not, could there be a distinction between the two . There is definitely a distinction. Before i give you that distinction, i want to credit you. You were the first person i heard called the bottom. You caught it with conviction. I should have followed you. You were dead right. Charles thanks. I looked at economy and market two separate entity toss. Im looking at economy how markets continuing to rise in terms of economic numbers . We know gdp, the print on wednesday will be probably to the negative side. We know q2 will be a he have ugly negative gdp print. Still with 26 Million People lining up for unemployment benefits, another three, four, five million this week market goes higher y . The markets want to go higher. Theyre looking to discount the future. They understand eventually this too shall pass. When we see main street somewhat opening up a stocks at the bottom are getting picked up now. Charles lets talk about the big momentum names. Some people call them tech but theyre spread over. Amazon, google, microsoft, apple. Theyre consumer, tech, communications services. Ironically, shah, technology is a laggard as the worstperforming sector in part because of apple and amazon . Where do we go from here . These names will report. They carried this market. There is a lot riding on them beating or somehow going higher from here . Youre absolutely right. There is a lot riding on a the big names, big cap names, megacap companies brought the market higher. The companies you name, the top five, are 20 of the market. As long as they will continue to do well the market as we know it will continue to do higher. Their earnings are super important. I dont think facebook and google will that be great because we know that ad spending is down 15, 20 . I think microsoft will hit it out of the park. Amazon will hit hit out of the park. Well see some winners and maybe not losers but ones that arent going to meet consensus. People say if they come down a little bit, that is still a buying opportunity for those. Lets hope leadership continue toes be big cap stocks because they have the power. Charles right. Erin, to that point, microsoft is the name of all of those names in the last six quarters that was up a week after reporting. The rest have been mixed and very volatile. How are you handicapping it . Yeah. Again im looking where we looked at sort of Old School Technology and more internet online, as well as those can deliver not only retail customers, but like large corporations and, so im looking again at strong cash flow, high quality. Im looking at ibm and f5 networks as two technology charles really. Along with amazon. Yeah. Charles i love ibm, even though it got hammered on earnings and dividend is great. They are coming on the cloud. Quickly for both of you, we saw in mark, record shorts out there. Folks not familiar with it, essentially people are betting on the market or individual stocks to go down. Record bets on those. Erin, anything that you see could be a short squeeze . Today, for instance, way fair is up. At one point beyond was up. They are both downgraded but massive short positions getting squeezed . I think carmax is the one i really like. The price keeps going up and the shorts, rather, as price went down the shorts kept going up. There is exceptionally high short percentage, or, number of shares borrowing short list. The price goes up, that will be a real squeeze for quite a few short sellers. Charles it is one point number one percentage gainer today. Shah, any short squeeze ideas youre looking at . Not right now. Im scared the market is so strong. Im scared if we come back down, leadership falters, im looking to put shorts on. It is far too dangerous, charles, now. There are some short positions on. What we see a lot of stocks getting squeezed a lot higher. That brings momentum buyers. Shorts come in pound again and shorts have to cover. It is too risky to put on shorts during earnings. Charles okay. Shah, erin, thank you both very, very much. We have got a pretty good market start here. This of course as coronavirus cases and death numbers continue to plummet, more and more americans are questioning the need for shuttering our economy. Many wondering why must everyone suffer, instead after strategic, targeted, plan, looking at densely Populated Areas more vulnerable, i want to go to Economic Advisor for President Trump, steve moore. Steve, you know, it is really increasing, looking back on this 10 years from now, a lot of people might wonder what were we thinking . Why we shut down the entire economy. You have been adamant, particularly recently to open the economy back up. Well, charles, i was actually adamant when we first closed it down. I always thought it was a mistake. Obviously, put saving lives first and put Public Safety of the American People first but we knew, we knew six weeks ago that from other countries, like korea and china, for example, that this was an illness, really affected older people, right . We knew that from what was happening in other countries. Obviously we should have isolated and put in to kind of sequester people in Nursing Homes and others to keep them safe. We also discovered over the last three or four weeks this is and urban disease, right . Thats not anything that is a big surprise. Every pandemic hits urban areas. So you have half of the counties in the United States hardly affected at all. In some cases no cases whatsoever. We could have done this a lot smarter. We are where we are. We have to get the economy going quickly. Our study shows, were doing a study with art laffer right now, your good friend, art laffer, it makes a big difference, in terms of what the economy will six months from now, whether we open may 1st, versus june 1st, versus june 15th. Start us now, will get us recovery by the end of the summer. Charles wow, that is amazing. Ive been asking this question for a month now, over a month. You know, the difference between every single 30 days, starting right now, we have 16 states already begun. Youre saying at this moment, this will actually get us, this country, moving in the right direction in just other 30 days and this could be a great summer . Lets be clear about this. States continue to open up. It will be on rolling basis. Some states like new york will be obviously slower because they have more cases f that scenario plays out where we get smart about this, charles, we havent been smart. We havent been very smart. We used a big clunky instrument of government, rather than being more surgical about where the cases are, but if that happens, we do think that by the end of august, you could see a recovery. By the way, that is what the stock market is telling us, right . If you look at past charles sure. Past big recessions or depressions, the stock market crash way more than it has right now. The stork market actually, im kind of surprised is not, how much is it down now from february . Probably what, 20 . Charles down 3 , s p is down like 12, 13 . Weve come back a a lot. Steve let me ask you. Other side of this coin. My wifes cousin passed away. He went on tirade on social media. Anyone who wants this to open upthey vent had a relative pass away. When do you talk about the economy flourish and going to funerals . Put safety first, put lives first, that is it what donald trump and white house has been saying that is exactly the right thing to do. I have to say this, charles, i refuse to surrender some kind of a moral high ground because i want to get our society opened up. There is increasingly strong evidence of increases in suicides, increases of child abuse. Increases on things like depression. Spousal abuse. Youre seeing businessmen and women, i mean, heartbreaking stories, charles. You told a lot of these stories in recent weeks. People who put their whole lives building these businesses and theyre failing by the tens of thousands every week. That is why we got to get things open. I believe it would be actually better for human health and for our economic well being if we to the things opened up quickly, safely. We can do this. Thankfully many states are. Charles, one last thing, you will see, said this last week, i will repeat it on your show. The red states that are opening up will have a much swifter and much more robust recovery than states like michigan, ohio, pennsylvania, that are dragging their heels. Charles steve, always great talking. Steve moore, thank you very much. Thank you, charles. Charles folks right now, President Trump is holding a, holding a Conference Call with the nations governors. The big question of course, is now should states be bailed out with a massive, im talking massive federal bailout . We are on the verge of a lawsuit epidemic across this country. Well break down the potential economic damage with Brian Brenberg after the break. Staying connected your way is easier than ever. Youre just a tap away from personalized support on xfinity. Com. Get faster internet speeds with a click. Order xfi pods to your home in a snap. Or change your Xfinity Services with just a touch. All in one place. Youre only seconds away from all of that on xfinity. Com. Faster than a call. Easy as a tap. Now thats simple, easy, awesome. Charles breaking news, folks. Out of the white house, at this hour it is a reportedly now taking dramatic steps to ramp up testing over the next two months. Senior Administration Officials say they will be performing more tests in partnership with nations governors, making sure that they have supplies they need to maintain minimum levels of at least 2 of the population. Now the goal is to have enough testing so that anyone who is symptomatic will know, plus all firstresponders and medical personnel and of course other highrisk parts of the population. Now the plan is a first step getting the entire country back to work. Mean while were looking at unemployment numbers as a key indicator now badly the site russ has hut our economy. Other figure providing grim answer. Is there anything that we can do that can be done rather to turn it around . I would like to bring in from Kings College in manhattan, Fox News ContributorBrian Brenberg. Brian, last week we had the on thursday, big virtual town hall on mark cuban, he told us we would see a different kind of entrepreneurialship boom when this is all over. Take a listen. When we get to the other side of this, there will be so many unique entrepreneurial opportunities, that great, huge American Companies are going to be built. While there will be a little lit of disruption, a lot of disruption, i think well build a lot of Great Companies that will employ millions of people that will create new jobs. Charles so, brian, what are your thoughts on that . Well, look, charles, when america faces a problem entrepreneurs are one of the first to step forward and find solutions to those problems. Right now, everybody is asking the question, when do we get back to the things that we used to enjoy doing, that we needed to do and what are things going to look like, how are they going to be different . Those are questions for entrepreneurs to solve. I agree with mark cuban. It will be a moment for entrepreneurship. The thing we have to remember, entrepreneurship isnt automatic. It requires an environment that creates space for entrepreneurs. My concern coming out of all of this, is entrepreneurs will be saddled with the kind of regulation, the kind of bureaucracy that could keep them from doing what we need them to do. I think thats the big issue, charles. That we have to keep a very careful eye on right now. Charles another issue for businesses that are already established, particularly smaller businesses is, what theyre calling a lawsuit epidemic. Just, you know, again particularly as we reopen, brian, if you are a beauty salon and you bring back workers, someone gets covid19, how do you protect yourself . Were in a real serious dilemma here, between a rock and a hard place . We are, we want that recovery to come quickly. Steve moore was just talking about recovery by the end of the summer. One of the keys to that, make sure that these businesses that reopen, that welcome new employees that welcome in the customers arent looking around every corner, wondering am i getting sued if somebody ends up with the virus . Right now trial lawyers are licking their lips, theyre lining up, looking for a customer or an employee who gets sick, they will go after that business. You know, never waste a crisis mentality, but if that happens on a largescale and these businesses dont get liability shield, it will be like a wet blanket on the economy and well never see the kind of recovery that were hoping for, that steve is talking about here. Charles you know, brian, between that and the Business Interruption insurance where, you know, most insurance policies arent being paid off, what can be done . In other words, the government is sort of nudging us back into this, whether it is federal or local governments. Is there any protection for Small Businesses out there . Well, look, state governments and the federal government need to make sure theyre providing a liability shield to businesses so they dont have to deal with this. We did this after 9 11 by the way. We did this with makers of antiterrorism technology. We made sure as theyre developing the technology and using it, theyre not being frivolously sued. That same thing need to happen for Small Business. With insurers, i think the government has to be an advocate to make sure these policies are looked at carefully. You know Small Businesses sometimes are in a weak spot relative to the big insurers who can throw a army of lawyers at anything. Small businesses need to make sure they have an advocate, something the Small Business administration can do, chamber of commerce and others. These are the kinds of mundane, daytoday issues if we dont get a windup, we dont get a recovery, well absolutely have to get it figured out. Charles we do have to get it figured out. Folks, new, shocking numbers how many publiclytraded Companies Got gigantic loans designated for those same Small Businesses. David webb gives us is has take. President trump issues a major blow for states looking for federal bailout money but could this tactic be negotiated . Well be right back. Economy have you worried about your finances in retirement . 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