All that and so much more on making money. Charles it is another late summer session for the stock market. To the untrained eye looks a little indifferent, right . Perhaps an owed to the final lazy idyllic days of summer, you know what . By the way, before we have hectic fall but there is something going on. There are a lot of narratives. In fact history is being written and rewritten every day in these markets. The resolve in the face of the coronavirus. Uncertainty, resistance really for the Global Economy still partially locked down. It is amazing because the older stocks dale hi improving fundamentals but new crop of hot stocks, new hot stocks, in plain sight too good to be true which brings me to the stock of the day. Zoom, i think you heard of it, right . What could arguably be argued one of the best quarters in the history of business. The videoconferencing call Company Posted results that just annihilated wall street estimates. Revenue up 355 . Operating margin 42 from 14. Free cash flow up 2,000 . Earnings up more than 1000 percent. Customers more than 10 employees, try 458 . Forward guidance for rest of 2. 47, wall street looking for a buck 29. Wall street did not believe the hype. As a consequence caught completely flatfooted. Playing catchup. Btig, a great firm when it comes to tech had knew h neutral. Now it is a buy. It is target of 500. Citi, said the stock was was a sell. If you recommend a product to family and friends, you should own the stock. I will admit i took profits on zoom. The bottom line, should you be in the stock . I will bring in bmo Capital Markets chief strategist brian belski. Brian, im not sure if zoom is on your list. Youve been bullish through many ups and downs of the market. I see the market is doing extraordinarily well. It is not irrational exuberance. Rational companies are leading the way with earnings like the zoom report . I think it is rational comment that really stands true and what we talked about as we upped our numbers for the market, yearend 3650 from 3400 in a, next 12 month number, im sorry of 3850. We talk about the resiliency and wherewithal of u. S. Companies. We would like to remind people, number one, best country in the world. Number two, we have the best countries in the world. From every recession to bear market we transitioned from despair to hope. Part of that hope, charles, dovetails what youre talking about. Zoom is a great example in terms of new leadership, new companies. We dont own zoom talk in our live money portfolios. We put zoom in model portfolio for covid and covid only on march 23rd. Were quite happy with the result of that portfolio. At the end of the day this is a great example of american ingenuity. Oh, by the way, this is a company that could have the Technology Get even better over months and quarters ahead. Charles bloomberg reporting that apple looking to ship 75 million 5g iphones. You like apple. Still think apple is a buy, dont you, brian . We do. Full disclosure, we run seven Equity Portfolios for bmo in the United States and we own apple in five of them. Theres a reason. Apple again is one of the best companies in america if not the world. Largest company in the u. S. With a great Balance Sheet but more than anything, i always learned through the year you follow companies with cash and clearly this company has a lot of cash and wear with all. Remember wall street has been playing catchup on this stock for years. It was most hated name in 2017 and 2018 many Portfolio Managers used it as pep as investment tool. We like apple and we continue to own the stock. Charles i remember they stopped giving breakdown for the iphones. Wall street said that was a sign that the party was over. Looked like it was just beginning again. Hey, brian a month ago you said the stock market was telegraphing a trump victory. Lets remind the audience and take a listen. Economy, stock market is telling you that trump is going to win. I would focus on that. Charles well, now the top guy, jpmorgan is agreeing with you. I suspect he is not only one on wall street. For the audience what is the difference for the market between a trump or biden presidency . I think it goes through policy and i think part of the reason why we had the trump bump in 2017 because of less regulation and taxes very clearly. Of course 18 was the tariff issue. At the end of the day, talking about taxes not only from the corporate side, personal side that worries investors given the fact where unemployment is and the like and jobs quite frankly being tough to find. That is really major issue. Remember voters vote their pocketbook and as stocks go up and economy continues to recover that bodes well for President Trump. Just oh, by the way it boded well for president obama in 2012. Many people thought romney was going to win. The polls said romney was going to win. People were surprised the stock market down the day after the election in 2012 because obama won. Wall street wanted romney to win because of less taxes. Again we voted our pocketbook as a society. I think well do it again. Charles brian, also know that to that point you like financials like bank of america, Morgan Stanley and Goldman Sachs but weve got to leave it there. Congratulations my friend. You have been on a roll. You made people a lot of money. While the Broader Market continues to seek leadership you see the headlines dow up 80 points, we continue to see massive surge in names like nvidia, paypal, cruising along with apple. Really they have shown no signs of slowing down. In fact a lot of tech names not even in the s p tech sector coming on like gangbusters. Look at crowdstrike. We talked about zoom. It is something to marvel at, the question is it too late . Shouldnt you still be a buyer . Bring in Divine Capital ceo danny hughes, and bny mellon strategist alicia levine. You say stay allocated to Technology Even now. Even now. Nice to see you again, charles, by the way. I think what brian belski said in your previous segment couldnt be more correct, which the market is rational and it is Rewarding Companies simply doing better and growing their businesses under these very unusual circumstances. For the most part, that growth will stick even when the pandemic is over. It will be over one day. Probably as we get a vaccine but the growth in the businesses will stick. And so therefore as we move forward you want to invest in companies that can grow organically regardless of the larger economy. That can throw up cash flow. That is what is moving. The zoom quarter as you pointed out was a great example of that. Charles yeah. Free cash flow i think was like 400 million versus 14 million at the start of the year. You know, dan nee technology, played a great he will roll in our lives. Since the pandemic it is glue that kept society together and market is reflecting that. It is absolutely the glue. That is how were doing everything these days. Technology enabled america to run and survive and really thrive. Tech and health care are the two sectors really leading the charge in the markets with sadly energy lagging. But with the fed committing to lower for longer, the split between the haves and havenots continues to widen. The stock market, Precious Metals. Charles right. Bitcoin on fire. And i know you like me to get specific sometimes, charles, and one of the names that we follow and own, will buy more is warehouser because the housing sector is on fire. This is leading manufacturer of Wood Products and lease timberland as well. This name and technology will keep us moving farther. Charles when we see record housing permits and Housing Starts and a housing boom across the country, in fact lumber prices are up 200 . That seems like a slamdunk. One thing we like about tech is helps us to innovate. And for instance, walmart, theyre rolling out plus subscription service. They want to compete with amazon and so, alicia, that stock is up big and it is one of these things i talk about all the time, youre not necessarily chasing share share price as sometimes youre chairing fundamentals which i think is okay for investors. Thats right. Walmart is actually a great example of a company where the stress of the Current Situation forced faster footwork on how to grow the Company Going forward and i think it is a great example of that because it is something everybody can understand. You know, in the end, stress is like the kind were in force corporates to move faster, allocate more strategically, less on operations, more on strategy, what do we need to do here . In addition to the homebuilding stocks, lets point out also that the industrial economy is recovering really well. We had numbers out of ism that blue away estimates on the street. Manufacturing is recovering really nicely. I would be allocated to those areas as well. Because we are growing there. As the rest of the world. Charles theyre trying to come on. Dani, i will give you the last word here. Overall stay with this market. Dont try to be too cute. A lot of people missed out on a lot because they tried to guess at tops and pullback. Right. And the markets stay irrational longer than you can stay solvent but as investors were far more offended by stocks we see as overvalued than stocks we see that are undervalued. When stocks are undervalued it is wall streets job to promote them and invite you in as a potential shareholder but when things feel overvalued, there is a tendency for people to stay on the sidelines. I would say you really have to look at the fed and what the fed is doing and the stimulus coming out of our government and it is not just happening here. It is happening globally. You really cant fight it. Charles you cannot. Dani, alicia, two of the best. I appreciate you spending time with us. We always learn a lot from you, thank you. Speaking of learning, folks, how to do it yourself. When it comes to Financial Independence and wealth, how to create it. Tune in tomorrow, 2 00 p. M. Eastern, im hosting a town hall, america invests together. Barstool sports founder dave portnoy and i will answer your questions how you can take control of your own wealth and investments. By the way, it is not too late, message us fox business and on facebook or instagram. Email us at investedinyou foxbusiness. Com. We have a avalanche of questions. We want to get more. Well get to as many as possible. It will be a great show. At this moment President Trump showcasing his message as the law and order president as he visits wisconsin. We will bring you any comments he makes during the hour. Joe biden makes a fracking flipflop on the campaign trail. I wonder what aoc thinks as she continues to conquer the democrat establishment. Well be right back. Did you know that americans that bought gold in 2005 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. 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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. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with xfinity mobile. I appreciate what makes each person unique. Thats why i like liberty mutual. They get that no two people are alike and customize your Car Insurance so you only pay for what you need. Almost done. What do you think . I dont see it. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles joe biden flipflopping on a major environmental issue. I am not banning fracking. Let me say that again. I am not banning fracking. No matter how many times donald trump lies about me. Charles Hillary Vaughn live in d. C. With more on this. Hillary. Reporter hi, charles. Biden is taking a break from inperson campaigning after the remarks in pennsylvania but his campaign is busy doing cleanup today after the Trump Campaign is accusing biden on flipflopping on fracking based on what he said in the past. Would there be in i place for fossil fuels including coal and fracking in a Biden Administration . No. We would work it out. We would make sure it is eliminated and no more subsidies for either one of those. Im talking about stopping fracking as soon as we possibly can, no ifs, buts, maybes about it. So am i. Im not sure your proposal does that. No more, no new fracking. Reporter but in pennsylvania yesterday biden promised voters he is not against fracking because battleground states have a lot of jobs on the line if biden supported out right ban on fracking which his Campaign Says he doesnt. In florida, 111,000 jobs. In pennsylvania over 500,000 jobs. N ohio, half a Million People are employed through oil and gas industry. Here is where the Campaign Says biden stands, no new fracking on federal lands. He would end new oil and gas leases on public lands. Right now natural Gas Production on federal lands makes up 13 of all natural Gas Production. There are not specific breakdowns of what bidens man would do to the oil and gas industry with his piecemeal approach but a fracking ban entirely, charles, would be devastating to the gdp and also to jobs. A ban on that would take 1. 3 trillion out of the gdp in 2022 alone and also take 7. 5 million jobs with it. Charles . Charles that is a lot. Thank you very much, hillary. It is another moment sticking out from bidens speech yesterday. Take a listen to this. This campaign, you know me. You know my heart. You know my story. My familys story. Ask yourself, do i look like a radical socialist with a soft spot for rioters . Really . Charles well, maybe not but the radical socialist wing of the party, they just keep winning, powered, mostly by young voters and aocs of the world. In fact take todays primary contest in massachusetts. You have got this young, hotshot joe kennedy with the backing of the establishment including nancy pelosi, scrambling to close the gap with the incumbent senator ed markey. Despite his age, markey is embraced by young voters under 35. Embraced by two to one as we head into the election. More on the poll of young people, particularly in november. I want to bring in Young Americans for liberty analyst, kristin tate. Kristin, i have to tell you something, aoc i think she is taking over the party. They have had a number of wins in primaries. They knocked off major, Major Political figures within the democratic party. I got to tell you something, when joe kennedy announced he was running. Everyone said he was a shooin, the next kennedy star. Looks like aoc will crush nancy pelosi again. This means, if biden wins he cannot ignore her. Youre absolutely right. This massachusetts race is going to be fascinating to watch because it could tell just how powerful that aoc wing of the party is, and who really has the power in the democratic party. Is it the establishment like nancy pelosi or young radical progressives like the squad . Joe kennedy is backed by pelosi. His opponent ed markey is not just backed by aoc but has Rabid Support from young progressives. He got popular when he coauthored the Green New Deal with aoc. He has this rock star persona. What is really interesting, the medias recent portrayal of ed markey is starkly different from what massachusetts voters over the last four decades come to know of him. I have lots of family around the boston area. They know who markey is. This is 74yearold career politician who recently was considered boring and moderate. He voted in favor of the iraq war. He supported the 1994 crime bill. Now he had this complete image makeover because of the aoc wing. That is exactly how powerful they are. Charles yeah. Its amazing. So you have got 40, you know, 40, 50 year politician being dusted off and rebranded as a newbie, the woke candidate for democrats in election in massachusetts. Kristin i learned a new word, the stan crowd was propelling i am. A mix of stalker and fan. They have got behind a aoc. They catapulted markky to the top of the polls. What i find interesting how much political power are we missing out on . You talk about the mainstream media. You talk about the stanes a