Profession to treat the practice of law as allconsuming while losing sight of Everything Else but that makes for a shallow and unfulfilling life. I worked hard as a lawyer and as a professor. I owed that to my clients, to my students and to myself. But i never let the law define my identity or crowd out the less rest of my life. A similar principle al applies to the rule of courts. Courts have a vital responsibility to the rule of law which is critical to a free society but courts are not designed to solve every problem or right every wrong in our public life. The policy decisions and value runments of government must be made by the political branches, elected by and accountable to the people. The public should not expect courts to do so and courts should not try. That is the approach that i have strifed to follow as a judge on the seventh circuit. If every case i have carefully considered the arguments presented by the parties, discussed the issues with my colleagues on the court and done my utmost to reach the result required by the law, whatever my own preferences might be. I try to remain mindful that while my Court Decides thousands of cases a year each case is the most important one to the litigants involved. After all cases are not like statutes which are often named after their authors. Cases are named for the partys who stand to gain or lose in real world often through their liberty or livelihood. When i write an opinion resolving a case i read every word prothe perspective of the losing party. I ask myself how i would view the decision if one of my children was the party that i was ruling against. Even though i would not like the results would i understand that the decision was fairly reasoned and grounded in law . That is the standard that i set for myself in every case and it is the standard that i will follow so long as i am a judge on any court. When the president offered me this nomination i was deeply honored but it was not a position i had sought out and i thought carefully before accepting. The confirmation process and the work of serving on the court if confirmed requires sacrifices, particularly from my family. I chose to accept the nomination because i believed deeply in the rule of law and the place of the Supreme Court in our nation. I believe americans of all backgrounds deserve an independent Supreme Court that interprets our constitution and laws as they are written. That i believe i can serve my country by playing that role. I come before this committee with humility about the responsibility that i have been asked to undertake and with appreciation for those who have come before me. I was nine years old when Sandra Day Oconnor became the first woman to sit in this seat. She was a model of grace and dignity throughout her distinguished tenure on the court. When i was 21 years old and just beginning my career Ruth Bader Ginsburg sat in this seat. She told the committee what has become of me could only happen in america. I have been nominated to fill Justice Ginsburgs seat but no one will ever take her place. I will be forever grateful for the path she marked and the life she led. If confirmed it would be the honor of a lifetime to serve alongside the chief justice and seven associate justices. I admire them all and would consider each a valued colleague. I might bring a few new perspectives to the bench, as the president noted when he announced my nomination, i would be the first mother of schoolaged children to serve on the court. And i know that it would make senators young and braun happy to know that i would be the first justice to join the court from the seventh circuit in 45 years. I would be the only sitting justice who didnt attend school at harvard or yale but i am confident that notre dame could hold its own and maybe i could even teach them a thing or two about football. As a final note, mr. Chairman, i would like to thank the Many Americans from all walks of who have reached out with messages of support over the course of my nomination. I believe in the power of prayer and it has been up lifting to hear that so many people are praying for me. I look forward to answering the committees questions over the coming days. And if i am fortunate enough to be confirmed i pledge to faithfully and impartially discharge my duties to the American People as an associate justice of the Supreme Court. Thank you. Thank you very much, judge barrett. Lets try professor ohara, any luck with her . Charles good afternoon. Im charles payne. This is making money, right now, Amy Coney Barrett giving her Opening Statement and already weird and contentious Supreme Court confirmation hearing. Well have much more on this throughout the hour including what it means for business stocks and the election. Meanwhile, folks, the stock market continues its october rebound. All the major broad equity indices have edged much higher and theyre very close to their alltime highs. Meanwhile financial headline writers continue to hype a potential fiscal stimulus package. The fact is that the story is beginning to sound like the they who cried wolf. I think there are buy signals in three years very important technically. The advancedecline line i talked about it on friday breaking out big time is a great track record for predicting stock market rallies. Behavioral, big time wall street legends predicting impending doom and sentiment for bearish than bullish. Behavioral analysis is flashing a buy signal. Fundamentally, early Earnings Reports, a spikes in preannouncements auger for announcements that will blow away with wall street consensus estimates. They have to, positioning in names that have stalled or even taken hits this year. Lets bring in the pros. Money map press chief investment strategist, shah ghailani, Wealth Enhancement GroupSenior Vice President nicole webb, spotlight group ceo, shana sissel. Let me start with the momentum and technical hurdles shah after breaking technical signals, is there anything that can stop the major indices to stop it from getting back to the september 2nd highs . No there is nothing, charles. The impediments we spoke last week on your show, past monday, all past those, frankly no where to go but up for the markets. Neil charles shanna, we know new highs begat new highs. Your thoughts on the strong upward momentum despite the fact some people are still looking for stimulus and that may not be on its way . I do find it a bit curious that the momentum continues to be on the upside but as you said the tech cast do support as well as fundamentals. What we see, the risk on, risk off trade that used to happen between fixed income and stocks now turned into growth and value, with growth representative by technology and Communication Services and that is exactly what youre seeing today. Technology, Communication Services and discretionary leading the pack. Energy is the lone laggard and i think that well continue to see that as things continue to be volatile in the political realm as well as in the investment realm. Charles you know, nicole, i want to talk to you about behavior. The psychology of behavior. Last week we had two heavyweights on wall street talking about this market getting hit. Abby joseph cohen, she is a legend that goes back to the dotcom area, Tobias Leftwich is obviously wellknown. Couple their anxietieses about the market, the fact that individual investors very much bearish than they are bullish, the contrarian says that is the perfect fuel to send this market higher. I would absolutely agree with you, charles. Going back to comments made already earlier today its a runaway for green lights ahead. I have a rosy demeanor. If you heard me on your show before, im all about rowing our way out of the debt bomb weve talking about forever, stimulus being necessary. I believe all signals point to ahead. I think another catalyst no one is talking about, cash is losing value right now and it has been for weeks. Somehow this gets missed when we talk about the weakening of the dollar, when we talk about guidance on rates not moving for years to come, you couple that with stimulus upon stimulus and increasing inflationary expectations. Right. This is a recipe for your cash is already losing money and i think as we get investors, Institutional Investors taking some of that liquidity and cash piling into it the market out of cash stocks, debt instruments that will be a catalyst for future growth. Charles you know, shah, on that note, again, Behavioral Analysis is always applied to individual investors. Wall street likes to diss them going back to joe kennedy and the shoeshine kid giving him stoke tips and he went upstairs and sold everything. Nicole is on to something, it is institutions that missed the boat. It is the large brokerage firms. We were just talking technicals a moment ago. The advancedecline line exploded to the upside. Do you see buying forcing the hands even of those major invests to who may not want to buy are going to be forced to buy . Yes. Theyre going to be forced to buy like they were forced to buy after the march rally took off. They will be forced to buy like they had to buy in early august to chase the markets, through all of august be taking market new highs in september. They continue to miss this, theyre the one, Institutional Investors, i will say old school, looking at old school metrics, not that they dont matter they do, but we have better treatments. Were going to see a vaccine. The fact were coming out of the recession, the fact that earnings are going to be better than expected, all these positive narratives we tell investors, smart investors are gloming on to those. Thats why were going higher. Charles i want to piggyback on that, the earnings comment you made. Fundamentally thats, listen, we know it is all about fundamentals, earnings are coming up. Second quarter really beat the street so much that it fueled that rally that we saw, it helped fuel the rally we saw in the summer. I think the Third Quarter numbers will do extraordinarily well. Shanna, let me go to you on this . What we saw on earnings, preannouncement earn inestimates are drifting higher. I think the earnings consensus estimates are way to low, continue to be too low even though they crept up a little bit. I believe strongly although we did see a slight dip in economic activity, the leading indicators as of late have been surprising on the upside and thats really positive for the Third Quarter earnings season. I also think that people are underestimating that companies are continued to add value and thrive in these environments. People did not adjust their behavior when the cares act expired because they expected an extension and well see how consumers continue to spend, continue to go out and want to put their money to work and i think that is really going to benefit a lot of different types of Companies Going into the Third Quarter. I expect even though we had 84 surprise rate in q 2. , it should be on par with that if not higher in q3. Charles so far only 21 names have reported on the s p and it is 90 to your point. What is leading the market today growth is back, Communication Services, technology, nicole, look at material names, look at the, names, give us a little bit of the thesis on that approach . Really fast, charles, weve been talking all summer long about Megacap Technology companies and while the stickiness of their ecosystem is something worth owning at the same time we have to look at what is still trading like covid is never going to go away . I look at the energy sector. 8 of go. Dp on average making only two s p five right now. That is illogical. There will be a return to the stability of Energy Consumption and utilization. Charles okay. Sounds great. I got a minute to go. Just a few minutes before the show, i saw a headline that roadblocks has gone public. It is my granddaughters favorite online game. I know you like the financials and well put a check mark next to that i want ipos particularly like roadblocks, how do people invest in them . When they gap up so much you dont want to chase them but when is the ideal time to buy them. That is a good question. They do gap up even often, that precludes investors getting in when they like to get in. I never chase an ipo higher. Generally speaking a couple months. I see if it comes back down, great, i buy in. I will not chase it up there. Some of these companies opened up so high beyond their valuation metrics. I will wait for them. I always have patience when it comes to ipos that are worth waiting for. If you wait, you will get your chance. Charles thank you, both. All three. Im sorry, great, great stuff. Of course throughout the show, shah, nicole, shana. Throughout the covid crisis the consumer actually gained strength. Amazon gearing up for the firstever fall prime time. How big could it be . You will find out at 2 20. Joe biden is confusing everyone about his fracking position. Now he is supporting it to woo pennsylvania. I will ask congressman reschenthaler if he thinks voters in his state are buying it. So youre a small business, or 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. No matter how many lies he tells i am not, not, not, banning fracking, period. Charles joe biden once again reiterating his stance to pennsylvania voters he is not banning fracking. This is different stance than he took at the time during the primaries. Even snl poked fun at his positions during the spoof during last vehicles vp debate. Take a listen. Biden will frack you so good, pennsylvania, and while i personally wanted to ban fracking, now that i know pennsylvania loves it, i just want to say this, you guys can bet on your wawa cheesesteaks, all the water in the schuykill river that your biden aint banning fracking. Go wiggle. Charles joining me republican congressman guy reschenthaler of pennsylvania. Well, congressman, looks like theyre all in for fracking. Although there is some nuance even to this new position, right . Federal lands, new fracking, yadi yada. Is it enough . Will pennsylvania voters see through so to speak . Charles, the pennsylvania vote remembers too smart for this. Frankly it is insulting to the intelligence of my constituents joe biden flipped like a coin on this issue. He has been caught at least five or six times dead to rights being caught on camera saying he wants to ban fracking. The voters of pennsylvania know that is his true position. Kamala harris has the same position. You mentioned the nuance. The nuance is this, he said he wants to delay the ban for a period of years. Well, what does that do, charles . It dries up investment. No one will put a new plant. No one will sign more leases. No one will expand drilling. That is in effect a ban. People in the industry, people who need this for their livelihood. They know that. This isnt going to work. Charles you know, its interesting because this is rising really quickly among the single voting issues, single voting voters, single top pick voters where you know, youre talking pennsylvania, ohio, and a couple of other perhaps swing states are in play. It kind of reminds you of hillarys big mistake last time around in west virginia. Is it on that level in your mind . I think, my suspicion is that there is internal polling showing that Kamala Harris are getting crushed on the issue. That is why you see the big reversal. People in the industry know trump supports fracking and taking advantage of energy exploration. Joe biden, Kamala Harris, they have a much different position. Charles, if i say this, it is not just about fracking but also about the petrochemicals used in advanced manufacturing. Try making a cell phone without petrochemicals. Try making Sports Equipment without petrochemicals. It is almost in everything a consumer buys. It is unrealistic, Energy Production aside, it is unrealistic for manufacturing in this country to ban fracking. Charles right. I guess the ideas that we dont have to worry about making those things since well offshore it to china that would be their problem. Before i let you go, less than a minute, latest neverending saga on stimulus, any idea where we are right now with this . Well, it is very clear that nancy pelosi is using the American People as political pawns. She is holding up a decent package that the senate put for forth last week. She is holding that up, because she wants stimulus checks to go to illegal immigrants. She wants bail out for budgets to blue states, budgets mismanaged for decades. She wants tax cuts for billionaires and millionaires in blue states. That is where we are. We should be focused what the Senate Passed a few weeks ago. That is a reasonable plan for 700 to 800 billion. That gives men to people that need it. Charles tell that to voters in pennsylvania dont want to send two billion to bail out new york citys subway. That is just a hunch. Congressman reschenthaler, thank you very much. Always appreciate it. Thank you, charles. Charles liz peek will talk about lockdown politics as growing support for antilockdown movement from very unlikely sources and liberal sources. Tomorrow is the amazons firstever prime fall day. My panel talks about how big it could be. How things are being deapplied for the home shopper to shop and splurge. Stay restless with the icon that does the same, the rx crafted by lexus. Lease the 2020 rx350 for 409 a month for 36 months. 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