That their hopes misplaced . Will bitter partisanship prevail . All that and more on making money. Charles after breaking key resistance yesterday there is a little bit of backing and filling this is normal, in fact necessary before we make the next big test, i think retest of alltime highs. The question is how and when to position your portfolio . The rally is broading out than just a handful of names. Mr. Nasdaq winners than losers for the first time this year. Could oil stocks be among them . The top 20 winners on nasdaq, get this, folks the top 20 winners on nasdaq are up average 580 . How would couple of those change your life . The canary in the coal mine suggests that the economy is improving that could be great for the stock market and good for the economy. Here to hash this out, jim awad, dani hughes and bny mellons investment chief strategist alicia levine. Jim, i want to start with you. Ive been a very calming voice. Youve been very sure about the upside potential of this market. Does it seem now that the bias, now that the bias is shifting back to the upside that this is going to happen . You will see more names joining winning column . Yes, absolutely. Look almost all of the economic metrics are Getting Better and coming in better than expected which means you are getting continued growth and rebounds in the economy and so i expect the Growth Stocks to continue over time to do very well you are going to broadent participation now with the economically sensitive stocks which have really lagged. So the broadening out of the market is reflective of the health of the economy. It is a healthy event and it is consistent with the rise in treasury yields. The economy is stronger, inflation is edging up. Earnings will be very good. I think were in good shape. Charles where should the focus be if you start to move out . Viewers of the show begin to expand their own portfolios beyond growth where should they be looking . Well you want to look at economically sensitive, the back to work stocks. All of the likely candidates. But what you do have to remember some of the changes are going to be permanent. You will not as many people on cruises or going to movie theaters. You want to do keep your, barbell it. Keep the growth names. Add cyclical names you mentioned. Add energy, industrials, Consumer Discretionary theyre starting to participate in reflecting a improving economy and improving earnings. Charles yeah. Movie theater stocks are edging up a little bit today. Intriguing. Dani, youve been positioning yourself to go beyond technology. How are you balancing your portfolio . What approach are you taking . You told us a month ago to start moving away from tech. In fact over the last couple of weeks this has been a selloff in big tech and big tech bubbles keep popping up. The house antitrust subcommittee report just came out today and theyre is someububtebout about so b break break up going goi goit ha. En they h aavlways talks a talks at this, charles,tps happenintinin ctinues ttinues to haveha a imp impacac on bignnn u . Ow if youe a look a at the qs q theyr dr d. 2n o t o l lt month. Comp that tot tohe theus0 whasasp aoslmost 3 in the same time periode period. So w wre seeing shift and dening ofhe t t t t market. Mar. Youw i lik energy. T im alsooong a a financialsials. Ban are areuareuayreyoingo report cportingrtinp nextex wte. So weso h wavsoe all eye eonon. Thi tnknk till surprise to e upside, despiespies the ft yearyeveyeryearr reven suld be down between 30 and 60 in someases. Charles right. And also the Federal Reserve making them hold on to money. They still cant buy back their shares but of course alicia there are tech darlings with names like nvidia. It got upgrades and up 17 points. You still like the tech space, dont you . I like the tech space as jim said a barbell approach. As we talked about on the show for weeks you really see the cyclicals moving as well as small cap. You have to be exposed to tech in some places because it is the bedrock of the portfolio. These are with the best cash flows and best par begins. You cant walk away from it. Housing, industrials, Global Manufacturing is emproving and we think is really set to rock here. Here in the u. S. The housing sector is undergoing a generational boost. It is not about covid. It started happening before the pandemic. And so any sector exposed to housing should do really well here. Rising yields will help cyclicals. Financials are very interesting here. They have been beaten down. Charles right. Very good to own. Charles i started saying that about the homebuilders late fall last year. It was one of my big picks. I got to tell you they have done extraordinarily well. Let me circle back with you, dani on the oil company stocks. Lets face it they have been a disaster until the last few sessions. They are reacting pretty intriguing. Were exporting crude oil to china. Were 7 of their imports now. Can the stocks have one final gusher . Against all of the action, the ugly action can they finally break out . I think they can. I mean were seeing a movement i think over the last session and even today because of the storms that are going to hit the gulf. So we expect to see a rise maybe in prices because of that on crude but overall were seeing a big Seismic Shift in twoways. One were seeing the big guys starting to kick off some m a, buying up pro h properties, buying up other companies that will add to their cash flows over time and make them bigger. You want to look for the Strong Companies in the space. It is not going away. Energy will not all of sudden tilt to batteries. We still have pipelines and oil that is really going to be in the market for generations to come. So i think there are some places charles where we have to be invested in. Charles im young. I can wait. Jim, a lot of this rally of course, the assumption that fiscal stimulus is going to happen. If we can, lets go through the scenarios. Say 1. 5, 1. 6 trillion, that happens but on the other end lets just say nothing happens because it feels like once again wall street stilled abouting this in to happen and they could be disappointed. Powell was begging for it this morning and i think there is a lot of pressure on both sides to do it. Obviously it is better if they do it but i still think the economy will improve without it. It will improve more slowly to a lower level as powell said. So we can do without it but well do much better if we do it. I have my eye on a infrastructure bill in the new year, especially if the democrats are in control. Charles infrastructure bill, we get it every year no matter who wins the election and it never happens. One day youre right, well get one. Lets switch our attention to earnings. I know it is early. Only 18 names reported for the Third Quarter this could be huge for the market. 18 names, 89 beaten on revenue, 94 beat on earnings. Here is the thing, learnedded return is expected to be down 21 from a year ago but back in july we were expecting to be down 25 . By the way, alicia, the positive preannouncements just this morning alone have been pretty impressive. We see other names join trilio which announced last week. It played a bigger role than it got credit for in the second quarter. Thats right. Look, we think it will be another strong earnings season. Dont forget 280 S P Companies withdrew guidance all together for the year. We should expect outperformance simply because the economy is performing better than expected. We know the sectors basically dont have a business now. That is travel and leisure and certain kinds of entertainment. So that is understood but the other sectors seem to be doing really well. I would like to talk about dividends for a second. In march we were expected to have terrible cash returns on the dividend side. Actually weve had dividends being raised in the last couple of months. And so that is another boost to earnings to stocks here. Something to really think about that nobody would have expected. Yeah. By the way, i had jumped on that theme as well. Hey, dani, 30 seconds to go, if we get 30, 35 gdp growth in the Third Quarter it stands to reason we could also get strong earnings as well, right . Were expecting to see strong earnings, not strong yearoveryear, charles. That is definitely has got to be mitigated but absolutely we think a lot of these names are going to be, a lot of Balance Sheets have been shored up, particularly banks going back to them again. We think that those names that have been beaten down are actually going to surprise to the upside this quarter. Charles all right. Well see. Dani, jim, alicia, thank you all very much. Always appreciate it. Meanwhile, folks the newest complaint from the left, trump is taking toxic masculinity to new levels and making it contagious. So is President Trump showing strong leadership or being too mass you lynn . Tweet me. I want to hear from you cvpayne. I will get reaction from erin perrine from the Trump Campaign next. Later in the hour mayor de blasio and Governor Cuomo in new york, well theyre at odds being locking down parts of the finance ago capital. A doctor ahmed will give us her take next. Now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Oooh, well. Im good at my condo. Oh. I love her condo. Nana throws the best parties. Well planned, well invested, well protected. Voya. Be confident to and through retirement. 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 so youre a small bor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Charles well democrats and liberal media going absolutely nuts after President Trump returns to the white house. Takes off his mask and assures americans not to be afraid of the virus. Watch. I was just so emotional. This is another reality show stunt. This is a mussolini moment. He is standing there as if he is, you know, a member of the old russian czar family. This is what really happened in this grand theatrical gesture whipping off his mask. He takes his mask off so the American People can see it. Charles but the criticism does not end there. Some are even blasting the president for the way he is dealing with his own infection. One columnist even categorized the president s behavior as quote, toxic masculinity. Ginning me to discuss press director for the communications of the Trump Campaign erin perrine. What do you say that those claim that the president s return to the white house and the way he handled all of this is some form of dangerous machismo . Yesterday if anything was a master class in trump der ringment syndrome by democrats and members of the media. They thought the coronavirus would sideline the president. As he battles through it all and continues to lead america. The president didnt have a choice. He doesnt get to hide. Being president is a 24 hour sevendayaweek job. You saw President Trump continue to fight for the American People as he fought through the coronavirus as he has the entire time. The president has done the work that needs to be done to make sure he gets through this. The media talked about wanting to defund walter reed Medical Center, a premier military Medical Center for treating president of the united states. It is unbelievable. President trump took a whole of america approach facing coronavirus head on. Creating testing, ppe, ventilators, therapeutics, vaccine and record time while joe biden and Kamala Harris are trying to be antivacsers. In the face of all, President Trump fights for the forgotten men and women of this country. Charles then of course mussolini those kind of things invariably come up. One of the things that was confusing me, when he was in the car with the secret agents and had on the masks, they had on masks is conflicting message. Do masks work or not . Because we know when we go out to work, wherever we go we wear a mask we will come in contact with someone who has covid19. So either they work or they dont work . Well President Trump has been clear, cdc has been clear, the patriotic thing to do is wear a mask, if youre within six feet of an individual for more than 15 minutes they absolutely recommend wearing a mask to limit the transmission of the coronavirus. Charles right. That is incredibly clear. So you saw President Trump clear it with the medical team at the white house and his doctors to be able to that car ride safely with the secret Service Agents who took additional precautions. President trump says we cannot be afraid, we cannot be afraid as a country he is leading us through the coronavirus. He is showing leadership through strength. You cannot be afraid. You cant let this rule your life. We have to con to work in this country. Weve seen what that looks like. Over 11 million jobs coming back on board in just a few months. Protecting jobs in this country. We are on the right track with him. Charles before i let you go because im less than a minute now, is there a chance well hear from President Trump today . I certainly dont have any announcements on that front. I believe there is an indication from the white house we may. We hear from the president every day. He has been tweeting up a storm. He put out videos yesterday. He talks to the American People every single day. Charles no doubt about it but i think his fans especially will love to see and hear from him today after he is returned from the white house. Thank you so much, always appreciate it when you come on. Thank you. Charles treasury secretary steve mnuchin, Speaker Nancy Pelosi talking about the stimulus package, the same as the day before, as the day before, as the day before. Will we ever get an agreement . Long lines and crowds are back at floridas disney world. Why disneyland in california is blocked from reopening. Dr. Quanta ahmed will give us her take on the effectiveness of these lockdowns. Thats next. Of climate change. We want to be sustainable, but when you have a truck covering over 300 miles, or you have flights going hundreds of miles, its a bit more challenging. We are letting the data guide us to the best solution. Its inspiring to try to solve a problem that no one else has solved. Thats super exciting. Charles long lines and crowds are returning to Walt Disney World in florida. A stark contrast to disneyland in california which is still closed as the state remains shut down. The news comes on the heels of a new study showing travel spending has been on the up swing since may. Jackie deangelis in our new york city newsroom with more. Jackie. Reporter good afternoon to you, charles. In a way it is a tale of two states if you will and two different types of leadership. In california, disney closed down. In florida it its open. Youre seeing foot traffic that wasnt expected. Inside the magic, that tracks what is happening on the ground flags that more people are heading to theme parks that are open and wait times for rides are higher than you would think. Just after noon today, test track is hour wait. Hollywood studios three act tractions with over and hour. That two hour wait is more make any and minis runway. That is tongue twister. These probably reflect the new rules at the park. Limits on capacity, social distancing, reducing the crowds, it seems counterintuitive for a business like but it is actually the goal right now. It would stand to reason things will not move as quickly but lets put it in a broader context. This comes on the back of a new study that shows us u. S. Travel spend is up since memorial day. The summer brought up ticks in airline, hotel an rental car bookings while overall spend on travel and entertainment is ticking up, it is still down substantially yearoveryear. With respect how this plays out across the country, all 50 states are down yearoveryear and five states are only down 13 or less. That is the southeast. That is sure to help floridas struggling tourism industry. Boat line it looks like Consumer Preferences are changing. Disney laid off 28,000 employees across its parks including california and florida. A lot want to get back to work here and there is a lot riding on this. Charles absolutely. Jackie, thank you, very, very much appreciate it. Joining me now pull pulmonologit dr. Quanta ahmed. I want to ask you about, if you heard jackies thing. Talk about President Trump. He returned to the white house yesterday. He tweeted, dont be afraid of covid, dont let it dominate your life. Doctor, your reaction to that. We know it can be deadly but millions have also survived. Where is the line between respecting the virus and embracing life . The president also said be careful. I think it is exactly what youre saying. It is a balance. We all have, special legsly those of us lived through new york a extremely healthy respect for this virus that can be lethal in certain people. The older individual, nursing home residents, it is very dangerous for people with underlying illnesses, people who are on certaindications, immuno. Even some Healthy People can have a very serious infection with this. But this does not mean that life comes to a halt. Many patients im seeing are very, very fearful, have developed very deep fears, are still in isolation six months on. You know of people that may be going to sit outside in a restaurant or maybe going for a walkin a park. Many