Have congressman andy biggs. After the mess from the first president ial debate. I wanted to learn more about policy. Many feel america lost i would like to see another debate with a different formality. Our Political Panel will weigh in. All that and so much more on making money. Charles market rally today might not have been with some expected after last night but there are a number of moving parts that actually matter more to the stock market, right . The economy is probably more important than the debates. Heres the thing, folks with, very a string of positive Economic Data pouring over the last 24 hours. Yesterday Consumer Confidence saw the biggest drum in 17 years. Chicago pmi jumped to levels not seen since 2018. New home levels highest ever really. Adp jobs report, 749,000 private sector jobs added last month. Sectors closely associated with overall optimism and election out comes. 60,000 in mining, 60,000 in construction. 130,000 manufacturing jobs. Street holding out hope that the congress will come to its senses. With all i talked about far too Many Americans are left behind a lot of moving parts in the news. Lets dive into it with powerful panel. Kaltbaum Capital Management president and Fox News Contributor gary kaltbaum. We have Global Research katheryne rooney vera. And benchmark managing partner, kevville kelly. Start with you, gary k. How are you surprised that the market would surge offer all the powerful Economic Data and that may keep the fed at bay and there may be no fiscal stimulus plan . The fed not at bay. Theyre still printing 120 billion a month. Rates 0 to the year 3,000. Unlimited amounts. You combine that with the economy getting better, i think on friday last week i thought a low possibly could be put in on monday. I sent out the note but we gapped up, that the low looks to be in today. We got confirmation. Guess what is usually leading . Technology, just foal the nasdaq, nasdaq 100 and semiconductors, and were off to the races. Whether we go straight up or not i dont know. There is some resistance on the way up. But you can see that the buyers have the upper hand again. Charles kathryn, sounds like gary k. Is saying were actually as investors having our cake and getting to eat it too . I couldnt agree more. The economy is doing remarkably well. Were definitely in recovery but that is detached from the government reality which is need for additional fiscal stimuli. Something on your program i said charles, ad nauseum, i think monetary and fiscal stimuli are in the pipeline. The market doesnt even care about the debacle last night or the market probably wont care about the election outcome. The market is focused when and where we feed the money. Charles it is still a tough september. For me that doesnt change until the s p closes above 3400. Well see even more buyers, kevin come out of the woods. What adjustments are you making in this market since we last talked . The adjustments ive been make something actually going, getting to where the puck is going, right . We know well be going to 5g. When you look at Semiconductor Names like qualcomm were going to need a proliferation of their chips and handsets. Apple think about it, has not released a iphone yet that can use 5g phone frequencies. You want to own the Semiconductor Names and cell phone Tower Companies like crown castle. Doesnt matter what happens with the election. Well have 5g regard lis of the president , right . You want to invest in names that last five, 10, 15, 20 years. Charles so, gary on these debates, did you learn anything that might have changed your mind with respect to possible out come and or the impact on the economy and the stock market . I think from last night there is a bull market in tequila shots after watching it. Charles [laughter]. Let me say that, look, im a big believer in low taxes, less regulation, joe biden is going to go the other way but that is for down the road. If he wins the election you also have to win the senate. They have to put it into place. I think joe biden will, if he wins have to recognize, he does damage to the economy because of it, he will be only four years. I know there is people talking like he will only be 30 days. I dont think much changes there. I think kathryn nailed it, when you have a Central Bank Still printing 120 billion zero rate. That is not just here, but around the globe. That matters big time to markets. It has been going on 11 years right now and it is not changing anytime soon. Charles right. But by the same token, kathryn, you say if there is a blue wave, some of the things you predict with a blue wave are very frightening. Filibuster, two new states, four new senators. They will expand the Supreme Court. That is scary stuff. It sounds like it will turn the republic upside down. I think it is scary stuff, charles. That is something the market has not taken into consideration. Is a blue wave potentially detrimental to the markets and the economy . In my view definitely so. I think we need to be positions for that. Whats even worse, charles, i think contested election. Weve seen the the debacle coming out, with ballots given out like water. Pennsylvania will be a mess. Nevada will be a mess. Thank good fess here in florida, the Voting System is president wellmanaged i would say. It will bring to the fore a lot of volatility. We have to be positioned. We have to have a barbell strategy with long risk positions because of the fed but protected by gold, by tips, put options and elevated cash position. Charles you know, kevin, on that note, we get some pretty good market experts on this show. We get the advice, maybe using assets as hedges or some form of insurance you about one thing weve seen this september, weve seen it a lot when the you know what hits the fan feels like nothing works. How do you give yourself some sort of insurance that the viewers might look into . That is exactly right because we see asset correlations go to one. Weve even cecil very and gold sell off so far in september t was not a good inflation hedge or a way to play the Central Banks printing money everywhere. So i think the best way to hedge your entire portfolio go out and buy high quality names that you can know and trust over the long term. If you get a pullback you can put capital to work and buy those stocks even cheaper. Ive done it. I bought names higher than where theyre trading now. I dont care. Over the next three, five, 10 years i will enjoy the companies especially ones im using in my daily lives. When i shop online, my package coming from a prologis distribution center. I own one of those. Like im getting rebate every time i buy something. Charles i like that idea. I like to go to cash myself. Gary k. , give you the last word. Weve got 30 seconds. You move your money around more frequently than a lot of folks but do you do any hedging . No. I just sell go to cash. I buy back in. I dont really care too much about taxes. And i think everything turns in the last three days and were in there now buying up things we had before. We love the great technology, cloud software, internet, Online Retail names. Theyre the ones with, have the greatest growth and they cut through the mustard and we think they will continue to work and looks like were getting going again. Lets keep fingers crossed it lasts a while. Charles, real quick the problem with cash sometimes you cant time the market. Charles thats true. Also it always hurts me when our florida guests brag not worry about taxes. Im sitting here in new jersey right now. Sorry, charles. It is what it is. Charles kathryn, gary, thanks very much. I appreciate it. Investors are sharing that the house may consider coronavirus aid bill as soon as today but not everyone is celebrating. Arizona congressman andy biggs says he cant afford all of this new out of control spending. He will tell us why next. Were witnessing the firstever female recession. This could wipe out decades of economic progress for women. Well be right back. Look limu someone out there needs help customizing their Car Insurance with liberty mutual, so they only pay for what they need. False alarm. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Hello, im michael youssef. Lately, we are hearing so many conflicting voices and i dont blame you if you are anxious and worried and troubled. But if i told you that theres only one voice that you can absolutely trust. After all, he wants nothing from you and wants to give you everything. 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Mnuchin told reporters he was meeting with mcconnell after the meeting with pelosi. Next hour, politico arrived on the hill to meet Senate Majority leader Mitch Mcconnell but since departed to travel with the president. All of this matters. People are hopeful we can come together to get a relief package. Administration seems firm that it would not go above 1. 5 trillion. Pelosis original proposal clocked in 3. 2 trillion. This is where we believe with the house, 2. 2 trillion. 600 in unemployment benefits, state an city aid. Paycheck Protection Program for Small Business and funds for the beaten down airline sector. Looking at Airline Stocks right now, certainly keep an eye on the names as we move back and for the. All are in the green. Mooch wants to see airline and Small Business industry. What will mooch react in unemployment extension. We learned with the last package americans were making more money by not working not motivated to look for a job. Administration makes it clear they go back to that. The 600dollar figure could be a sticking point. Were waiting for news from the hill. Well bring it to you when we get it. Charles cheryl, we appreciate it. Today weve seen a ton of great Economic Data but reminders much work we have to do. Challenger, Gray Christmas there were 115 announced layoffs in august. That was 116 increase from a year ago. Believe it or not it is down significantly from the 600,000 job layoffs in april. We know the numbers are still too high. Look at these sectors, transportation layoffs in august up 647 . Retail layoffs announcement up 194 . Entertainment up more than 8,000 year to year over, since yeartodate over year to year. Now it is against this backdrop that nancy pelosi and Steven Mnuchin are engaging in these last minute talks to provide another round of fiscal stimulus but my next guest is not a fan of more government intervention. I want to bring in Arizona Republican congressman andy biggs. Congressman biggs, thanks a lot. We keep seeing a lot of great things, right, a ton much great news but were reminded tens of millions of americans are being left behind. How do we deal with that . How does Congress Deal with that . Well the first thing that we have a realize is that we havent even distributed all the money from the last Coronavirus Relief package. You have 150 billion in ppp money that has not been allocated yet. Maybe that is where you begin. The second thing you do you encourage these states and cities to open up all the way. Some states are saying were open but theyre only partially open. They are still putting lockdowns and restrictions on businesses which are preventing people from coming back. I guess the third thing i would say, charles, when i talk to Small Businesses within my district and my state, please whatever you do, dont continue with that federal unemployment bonus because we need workers. Were ready to go and people wont come back because they make more being unemployed, with that federal weekly bonus of 600. So i am always baffled at the capacity of congress to intervene and have unintended consequences. Charles yeah. There is no doubt about that. In this particular case though the sense of urgency was unlike any in our lifetime but you know there is a report out today and i want to share some of the findings with you, about the stimulus, how the money was spent. 42 of folks spent it, had fun with it, 27 saved and 31 paid down on debt. The lowest income households lower brackets they spent the most money. But here is an interesting thing i want your thoughts, 4 of folks who were getting unemployment, extra money said they stopped looking for work to the point you made. According to this research 21 actually said they were searching even harder for a job. Could that be true . Outside, this is regional issue because different regions have taken different approaches between lockdowns and things like that. I mean is it possible that there are millions of people out there who might still look for a job even getting this extra money. Of course thats possible and i think that speaks to a lot of americans commitment to work. We find great sense of mean being when we have meaningful work to do. It helps our sense of being, our selfconfidence, defineds who we are a little bit. That is good news. The difficult part is, you also incentivize people not to work. And it is, that is a tough tradeoff. And now if we are opening up society these people wanting to look for more work, they will have better opportunity to get it. That is my belief. Charles we saw big news out of disney that underscores all of this. We have less than a minute. I got to get your thoughts on last nights debate . I thought, i thought it was interesting, a little pugnacious perhaps but you know what, it kind of reveals what we knew all along. I dont think anybody was moved probably too much one way or the other. If you liked trump before, you probably still like him. Same with biden. Sometimes i think these debates dont really determine or change outcomes. Charles all right. Congressman bigs, thank you very much. Always appreciate it. Thank you, charles. Charles speaking of the happiest place on earth, it is just not living up to that title after disneys mass layoff announcement yesterday and this company is blaming the state of california. Plus were hashing out last nights debate. I will be honest. It was a chaotic mess. What do you think though . Tweet me cvpayne. Your party wants to go socialist and. My party is me. They will dominate you, you know that. Hard to get any word if with this clown. Radical left. Will you shut up, man. There is nothing smart but, joe. keeping your oysters growing while keeping your business growing has you swamped. you need to hire i need indeed indeed you do. The moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. Claim your seventyfivedollar credit when you post your first job at indeed. Com promo your party wants to go socialist medicine. The party is me. Im the Democratic Party right now. You just lost the left. Are you willing to tell the American People tonight whether or not you will support ending the filibuster or packing the court. Im not going to answer the question. President trump why wont you answer the question. The question is. President trump radical left. Will you shut up, man. A lot more will die if he doesnt get smart. Dont us the word smart with me,. Man, youre the worst president america has ever had. Charles it turned into a chaotic mess. Too much talking over one another. Not enough policy for sure. Joining us for postmortem, democratic strategist, communications ceo laura fink along with Fox News Contributor deneen borelli. What did you make of the debate overall . Charles, i did watch the whole thing and here is what President Trump was able to do, because joe biden has been hiding for so long he was able to get him on record and to let voters know where he really stands. He literally flipflopped own the Green New Deal. That is the far lefts prize baby so to speak. He put it out there, no, im not for the Green New Deal actually. He also said he was going to raise taxes, peel back President Trumps tax cuts. He also denied his son hunter did anything wrong with his foreign business dealings. He refused to say that he would not stack the Supreme Court, pack the Supreme Court. So joe biden is on record. There is no denying it. President trump was able to call him out on everything. Charles laura . Oh, well, i would say, i will agree with you, charles, that debate was utter chaos. Probably the worst debate in modern president ial history and donald trump was dictating the terms of that debate, trying to interrupt everyone. The moderator, chris wallace, trying to drown out with just an absolute torrent of anger, anything joe biden was going to say. It made it really unwatchable. In order to persuade people you have to be able to talk. They have to be able to understand you. I dont any that he appeals to suburban women, to White College educated women or White Working C