Which has mostly gotten a free ride. Well get reaction from liz peek coming shortly. Spigot to Small Business drying up. So what happens now . All that and so much more on making money. Charles well the dow is up steadily today and the market has been on a roll. The market has done better than you probably know. It is not reflected in the quotes. Give you an example. The s p was up. 006 . Tiny fraction of an increase. Guess what . Nine of 11 sectors were higher on friday. This rotation is going on. Weve been talking about for some time. Now it is catching fire. What should you be doing to take advantage of it . I will bring in my three favorite experts, mike murphy, Courtney Dominguez and shah ghailani. Mike, i want to get your thought on what were seeing in the market. The dow is having a powerful session. A lot of tech names are under pressure here but this rotation we talked about is happening. I dont think youre buying it just yet . You know, charles, i love some of the big Dow Companies like fedex having a big move. I still think disney is still very undervalued here. Nike i like. Hit a new high. What has gotten us to this point, charles, is big tech, the innovation coming out of big tech. People need to be very careful with trying to pick bottoms or pick when they deem to be undervalued companies in sectors like energy because i just dont see the growth there. I think, if you stick with the big cap techs, like an apple, like an amazon, like a microsoft, i think that is what is going to continue to power this market higher. Charles im with you when it comes to energy but i will also say, courtney, mike mentioned fedex. Fedex traded 7 million shares. Up 15 bucks. Normally trade 2 million shares. Up 100 for the year. Royal caribbean is through the roof. Foot locker had a bangup earnings report. That stock is up over 20 . Boeing, even boeing is on the move here. Wynn casinos, dave and busters. These are names weve been watching but what is crazy to me theyre moving like tech stocks. In other words, investors are saying okay, were going to take a break on all the big names that we know but theyre powering these names higher at the same sort of rate we saw tech stocks go. Are you okay with that . Yeah. I dont even really find it that surprising. Weve been talking about this for the past several months that the tech names are getting more and more expensive but really purely based off people willing to pay a higher price for it. It is not as much just their earnings going up. To a certain point you will see that reverse. There is a lot of names right now that are still undervalued and so much cashing on the sidelines. You will see people start to draw this back in. It is very similar what we saw in april. The coronavirus cases started to level off. We immediately saw things reverse back to cyclicals. Were a few weeks after, a peak of cases, starting to see things reverse back to cyclicals. You will continue to see this trend continue as the megacaps are getting that much more [inaudible] charles right. So cyclicals, shah. Of course they did do well as the broad economy starts to do well. Were starting to see that 207 s p winners coming into the day. That is the highest number since this whole thing hit the fan but again you could have traded deere as many cloud stocks. Theyre playing catchup pretty quickly, are you surprised . No im not surprised. A couple reasons, we first saw 54 billion in outflows from equity funds for the month of july. That money is now looking for a place to go. It will have to play catchup. There are more than 1. 163 trillion in money market funds. That money will come off the sideline to be put to use. Investors are coming into the beaten down stocks. Theyre coming into the cyclicals. They recognize where the appreciation is likely to be because i dont think that the tech stocks are fully valued. I think theyre properly valued. I think there is more upside for them but i think the rest of the market is catching a bid because of that. Charles i got to tell you, im licking my chops over some of these cloud names, particularly the ones i missed first time. A few of them came down into the session 50 . We have to talk about President Trumps executive order. I think it is helping the market today. There is one report that says 400 versus 600 means the gdp will decline 0. 83 and well have 660,000 permanent job losses. When i see stocks like foot locker today, tells me consumers are there but tells the economic bridge and i think we can get outside of the economic growth. Tell us your thoughts where congress should be with respect to more stimulus and what it would mean for the market, courtney . Any stimulus well get is a benefit. Realistically it is the consumer driving the economy right now. The consumer is a pretty good standpoint. They have been saving more. Credit card debt has come down 12 the last couple months. There is a lot of cash on the sidelines people can bridge the gap to get them through as things get back to normal. Any stimulus will only make that more attractive. I think well continue to hopefully see the Consumer Spending boost. That is going to help the economy t will help the stock market. It will be an added benefit as we look forward. Charles right. Mike, your thoughts where we are with congress, the stimulus and these executive orders . Yeah. I think based on what were dealing with, charles, no one asked for this virus, this pandemic being that we are dealing with it now i think the administration is doing exactly what needs to be done. You can argue should it be 300, 500 or 400, i think the fact theyre trying to help the u. S. Consumer on both small and large families, i mean the highend and the low end, thats what is going to help us get back on our feet, get us rolling and get unemployment down to record low levels where we were six months ago. Charles consumers paying down debt, particularly Credit Card Debt like that weve never seen it before. Still making some purchases in the economy. Warren buffett put out his numbers over the weekend. So did airlines and financials. Shah, i want to come to you on this. The oracle of omaha did buy more bank of america. I know you like certain ideas in that area. Financials really came on strong last week. What are the specific banks youre looking at . I do like bank of america along with warren. We like Morgan Stanley and we already have a substantial position in welles farring wells fargo, the underdog. They have acted bret well, wells fargo the laggard. Most of the names look pretty solid. Charles okay. Twitter, guys we know it is in the news big time this morning t opened nicely on talks theyre in talks with tiktok. The company of course would need a partner or would have to raise cash to make it a buyer. Let me ask you, mike, whats the best fit for tiktok . Would it be a twitter . Would it be microsoft as an investor . Which would be more attractive for you . As an investor i think microsoft. I really think twitter under jack dorsey has shown, charles, theyre willing to pick sides, political side, that is. I think tiktok is better if theyre more open, if theyre more along the lines of something that can really help the buying company monetize the youth, the teenagers and the genz people who are using tiktok. I much rather see it go to microsoft, apple, then go to a twitter. Charles in the meantime, courtney, by the way let me get your thoughts own that before i switch topics. I have to agree there. I think the most realistic option will be microsoft. Theyre a lot further ahead in a deal. Realistically they have the cash to back it. Look at twitter, they just recently became profitable the in the last year. They posted a loss. They have to borrow the money to do this. Realistically were probably looking at microsoft. Charles Simon Property group in talks with amazon. They can lease out all the empty sears and jcpenney stores. Shah, this is a nobrainer to me. By the way Simon PropertyGroup Reports after the close. Im intrigued there. Would it make you more likely to be a buyer if indeed they were able to cut this kind of deal with amazon . No, charles. Im anxious to see the earnings myself on spg. Were negative on that. Really short it and i dont think this deal if it materializes into anything is going to be a huge net positive for simon because amazon has the power to price those leases anyway they want. They may end up buying some of those properties. I dont know what it will do for the maul traffic. I dont see it as a positive for spg in the long run. Charles by the way, we didnt get to software as a service or cloud. I do know, mike, you like dropbox and shopify here. I want people to focus on that sector. Some of those names are extremely oversold. I think there will be great buying opportunities. We have to leave it there. Fantastic as always. By the way, folks there is a different kind of border war is heating up. Why New Hampshire is investigating massachusetts, their tax policy. Small Business Owners still have a lot of questions, more questions than answers when it comes to the ppp program. Tweet me your questions cvpayne. I have gene marks on to help hash it out. Because a lot of folks still need help. Who will joe biden pick as his vp . Why both sides of the political spectrum are eager for that grand reveal. Well reveal our thoughts next. Tada did you know Liberty Mutual customizes your Car Insurance so you only pay for what you need . I should get a quote. Do it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Hey, mr. Vice president , have you picked a running mate yet. Yeah i have. Reporter you have . Who is it . Charles joe biden telling fox news he picked his running mate but his campaign pushing back saying that exchange was clearly a joke. The former vp not made his decision yet. What the Democratic NationalConvention Just one week away, we do expect the decision any minute now. Apparently some top contends include senator Kamala Harris along with former Obama National security advisor susan rice. Joining me with analysis, Fox News Contributor liz peek and democratic strategist kevin walling. Kevin, it has been a long time. I want to start with you, my friend. Who are you rooting for here . Who do you think should getted nod. Charles, so great to see you and it is good to be back. I think its a matter of minutes, not hours and days until we find out who will be running with the former Vice President. I think six women are in contention, more than half of the are woman of color. Rounding out the list is senator Kamala Harris. Susan rice, former u. N. Advisor and ambassador under Obama Administration is making a play. Congresswoman karen bass of california, tammy duckworth, senator from illinois and. Charles right who will get the nod . I think it is senator harris. Charles who will get the nod . They have a relationship. I think it wit be senator harris. She is very close with the former Vice President s son bowe biden when they were attorney generals of. Their spouses are close. My money is on Kamala Harris. Charles liz peek, i did not know that they were close when i watched the first debate but apparently they have mended the fences if you will. Liz, i dont know the whole process has been almost complicated as a goardian knot. This is tortured process. They dont know where to go with this thing, liz . I think it is interesting, it has been postponed a couple times about the announcement who his pick is. The problem he got himself into a box. He committed having a woman run with him many, many months ago. Because of various gaffs he has made, because he is very, has a lot of africanamerican support, i think it has to be a woman of color. I dont think there is any question about that. So the problem is that the two best contenders, i would say the three top that were already mentioned all have problems. Kamala harris is a Law Enforcement, has a Law Enforcement past. That is not very popular with brac voters these days. Susan rice as tons of baggage. Republicans will go after her from the getgo. Care ran bass no one knows. I dont think these are terrific choices or terrific opportunities for joe biden. And i think the longer he drags this out, charles, the longer it is sort of a hohum when the announcement finally comes. It is sort of like it was so tortured this cant be an easy choice for him and what does that tell you . Charles yeah. It will change the news cycle for a few days. He enjoys these news cycles where it is always focused on President Trump. Hey, lets talk about whats happening in d. C. Right now. After 10 failed stimulus talks with democrats the president , he took matters into his own hands. He signed four executive orders that will extend jobless benefits 400 a week, defer payroll taxes. For workers earning less than 100,000 a year until the end of the year. Defer student loans. Also extend the federal eviction moratorium. Liz, you know, President Trump i think he did what he had to do under these circumstances and ive been pretty critical of both Political Parties on this they had plenty of time to get their act together and nothing happens. I totally applaud him. Look, voters took a chance on a nonpole tish shun when they voted for donald trump. The reason was they were so tired of congress doing nothing, getting stuck in these titfortat stalemates where nothing gets done and thats what happened here. Democrats dont want the economy to get the boost of another stimulus program. They attached ault kinds of very unpopular measures to it, guesting rid of voter i. D. And getting rid of signature verification, things like that that were really not acceptable to republicans. They were not in my view negotiating in good faith. Charles right. Good for donald trump because nancy pelosi can dismiss 400 extra a week as an illusion just as she dissed 1000dollar bonuses as crumbs a couple years ago. But guess what . For working families they need this. I think he did the right thing. Charles yeah. Thats why she was also talking up the benefits of food stamps. Kevin what is next for the democrats on this . Will this get us to a deal sooner . I hope so. I mean to lizs point i think the democrats have been negotiating in good faith. Im hopeful the president will take a more active role. You know, if he spent less time on the golf course and actually talking to his counterparts in congress to get something done and not deputizing the chief of staff or the treasury secretary we would arrive at a deal. He have is the art of the deal kind of guy, wrote the book, lets bring him to the table, see concrete negotiations take place. The democrats passed a 3 trilliondollar package two months ago. We put out our priorities. Charles yeah. See where the republicans come down. I think there is a lot of disunit in the Republican Party over what they actually want. Democrats are united on this . Charles yeah theyre united but starting at 3. 4 trillion is sort of disingenuous in real scheme of things. There is negotiating 101 like, and then there is negotiation, negotiating rather, kevin against a backdrop of the pandemic. You know, that is the part that bothers me. Listen, it has got to change. Anyway President Trump made his salvo into this. He laid out these executive orders. Maybe congress will get their act together. Liz, kevin. Thank you both very much. Folks in the wake of the pandemic the lawsuits have already started. A family of four workers who died from a coronavirus outbreak at tyson foods plant in iowa theyre suing the company. The lawsuit alleges that tyson put employees at risk by downplaying concerns about the out break and failing to implement Safety Measures and allow sick employees to keep working. Estates of three other employees that died filed a similar lawsuit. Tyson is disputing all allegations. Steve easterbrook of mcdonalds was fired last year over the relationship with employee. That the beloved leader theyre alleging covered up relationships with three other employees an destroyed evidence. Im not sure if he ate it or not but they say he destroyed evidence. New york City Residents are leaving in droves. Are they gone for good . Border wars are brewing along states. Is it really fair to tax commuters working from home in a different state. I live in new jersey. Should i pay new york taxes . Well be right back. I had saved up some money and then found the home of my dreams. But my home of my dreams needed some work sofi was the first lender that 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. Charles new york city once considered to be the greatest city to live and work but not anymore. First it was the pandemic that had new yorkers fleeing the big apple. Now it is crime, violence, rampant homelessness. Fox news correspondent Aishah Hasnie is here with more. Reporter hi, charles. New york city is known for the bright lights, big dreams, broadway but take a look, a lot of folks