The question is, what is the catalyst that will get market to move higher. Were all over that. Speaker pelosi struggling to explain the holdup. I want this very much now. People need help now. No use giving them a false thing just because the president wants to put a check with his name on it in the mail. Charles okay. Well, this is not the ownly issue for democrats who are running out of the ways to try to stop the confirmation of Amy Coney Barrett. Back on the hill for another day. I will ask rnc rep Liz Harrington about her performance. Deneen borelli is with us. Her take on rapper ice cube reaching out to the trump administration. All that and so much more on making money. Charles you know it is another quiet day on the markets. The broad market, i think this is a consolidation phase, right. Big recent gains in front of record levels for the major indices. Headwinds versus tailwinds. Narratives staying with this market the last two months. More or less on hold. Leaves investors wondering what the next potential catalyst could be. Meanwhile the nasdaq is still sizzle. Two weeks ago there were more loser than winners. 54 of them are higher. Average move 176 . The theses for biotech and hightech gets better every day as firms lift targets on the Growth Leaders but there could be more stock leaders if Central Banks move ahead with another round of accommodation which could mean the bank of england going into negative rates. For more on this, i want to bring in the allstars, kaltbaum president , gary kaltbaum. Katheryne rooney vera and rose cliff founder mike murphy. Before we get into all the factors playing a part in this market. Were in the beginning of earnings season. Gary, outside of goldman the banks have been a dud. Overall i think earnings this season will move markets big time but so far not yet. What are your thoughts . We just started out. Leave no doubt there will be some huge winners but there is also going to be losers. My job with my staff to sit around before the market, after the market, go through these numbers and look for Companies Like the last couple of quarters, a name like zoom that absolutely destroyed what the consensus was and the stock made gargantuan moves to the upside. Well get a bunch of that in the next three three or four weeks. I will be watching for companies that will be doubling and tripling their business every year because there is such strong demand. Stay away from those not doing well. Unfortunately because of the pandemic we already know about cruise lines that still are not going to cruise into november. Well stick with what is working. It has been the nasdaq. Charles right. To that point, zoom had great numbers. They took market share where a rival like slacks work as a symbol, did not. It was easy to discern the winners hence the momentum. That is how you pick stocks. Kathryn, going into it there is anticipation that the numbers will be great but they have to be great, right, to justify this rally . They do have to be great. Fundamentals at end of the day to have to justify prices. That is what the pe ratio is all about. You have to get earnings to justify the numerator or the price. What im looking at now, two sectors, industrials and materials. I think that the stimulus round number four is in the offing. It is coming in, i think, as soon as early 2021. Doesnt matter who wins the presidency. That is coming. That is what has taken us to current highs. That is what is going to continue to do so. Charles right. Because neither administration, neither republican or democrat want to see a retracement in either the economy or the markets. Charles absolutely. By the way, only three s p sectors are up right now, energy, and to your point materials and industrials. Kevin, how are you seeing this earnings season shaking out . Charles, good to see you. It is mike. I will answer to anything. Charles sorry [laughter]. How is the earnings season shaking out, mike . The earnings are coming in solid but i think a mistake that some investors are make something trying to look for bargains. Trying to go looking at places like energy or like the financials that just really havent performed right now. I think the, for the people watching at home, the best thing they can be doing is looking at big tech where weve seen the growth where we continue to see growth. Any sort of pullback, microsoft, apple, you see pullback in those names, you can see money to work in them. Otherwise let them run until they stop working. Right now they are working and theyre the gift that keeps on giving. I love that you said, that mike. The fact of the matter is, you know, a lot of people are grappling with whether to chase the hot names or to try to predict the not so hot names will turn around. You have done extraordinarily well, mike. Youve been bullish on the names. Youve done very well with them. Gary, you have as well. You know, so what about people who are looking . Should they still be overweight in tech and Communications Stocks . That is where the growth is. Growth stocks cut through the mustard. Cuts through the downtrend. Cuts through a worsening economy because theyre doing things right. I tend to, you know, i use the term, i invest in greatness. You find me the restaurant chain where people are lined up around the block, find me the computer chip that is going into everything. My new thought process is the electric Vehicle Business i think is just being born right now. So im looking at chips for that as well as that type of business. Im always looking for those category killers and there is always around because were always growing. There are people inventing these new wondrous technologies as well as medicine and things like that and thats where i park my car at all times. Charles you know, so funny you mentioned that. Nio, which is a chinese electric vehicle stock. Yeah. Charles in the last 52 weeks was a one dollar stock. Today it is up 24 . It is trading at 27. Ive got subscribers in it wish i stayed in it at three. Kathryn, this gets us back. I know you like industrials an materials. I think there is a lot of validity and imoverweight there. When do investors not invest in storied areas where you see real money go in there . When you see that broadening out as we began to see the very beginnings of a broading out of Just Technology and into the other sectors that dragged substantially i think that is still the phenomenon that is going on f you continue to see monetary, fiscal stimuli you will see price appreciation. Fundamentals which is earnings have to be there, but when youre faced with a fed buying high yield bonds, will continue to do so in the event after flagging economy or flagging market i think you still want to be invested. As i contended ad nauseum i think investors need to have the a barbell strategy. I think you need to be long risk assets especially in the equity markets and hedge yourself with gold or tips or private equity or low correlated assets just to be able to maintain a defensive position if and when, i know you dont agree with me, charles, if and when we do see insurgent inflation which i think can come in the realm of 18 to 24 months. Charles okay. So lets pick up on that because 18 to 24 months is a long time for a lot of our viewers. We could make a lot of money there we talked about earnings being the mothers milk of this market but there is something else, katherine, gary i know how you feel about it. I want to get mikes take on it. The bank of england polling a lot of banks getting their reaction if they go to negative Interest Rates. If that happens what happens with the market . Already several European Countries at negative rates already. I think it is really more stimulus for the market. It is really more reason to be investing in equities. I spoke to a lot of friends who run very large, what were credit funds, multibilliondollar funds are really credit in name only. Theyre coming into equities to chase yield. So as rates go lower or go negative i think you see more money coming into the market. That is one of the bold thesis that i have on this market as more and more money comes in it will chase the high growth names. They which go where they see returns. Well see more money into the market so its a good thing. Charles my friend gary has a hashtag called easy money. Running out of time. I want to get to the headline i saw bloomberg investors turning skeptical about democrat blue wave i said to myself i never modeled my portfolio for subscribers for a blue wave. Gary are you modeling a blue wave for the outcome of this election . If biden wins the market will decide where they go. Maybe managed care will not do well or this may do well, the green energy. Im going to let the market decide depending on who wins. So im not worried about it at this juncture. What i will be worried about is policy. If he puts in his nightmareish tax plan which destroys anybody trying to become wealthy then well be think about things but not until then. Charles yeah. So funny if they think inequality now, wait until you tax so middle class people cant get rich. Guys, we got to leave it there. Gary, kathryn and mike, thank you very much. Always a appreciate it. Fantastic conversation. Coming up, folks with just 20 days to go into the election, President Trump is putting economy front and ander with his latest speeches. Also, nancy pelosi has a meltdown on cnn when asked why she cant get on board with a stimulus plan a big one next one democratic lawmaker turned trump supporter will weigh in. Is joe biden the least scrutinized president ial candidate ever . Im saying wake up on inauguration day, that is what joe biden is being looking for. I will see what Liz Harrington from the rnc is looking for. Tweet me. I want to know what youre think about. Well be right back. Even members of your own caucus, madam speaker want to accept this deal. 1. Trillion dollars. I dont know why youre always a apologist and am of your colleagues apologist for the republican position. What makes me amused if it werent so sad how you all think that you know more about the suffering of the American People than those of us elected by them to represent them at that table. With all due respect, with all due respect, and you know weve known each other a long time, you really dont know what youre talking about. Charles wow. Nancy pelosi, frustrated and really struggling to answer a simple question, why cant she put politics aside and agree to a deal for the American People . I mean it is an ongoing problem with the democrats being so focused on hurting President Trump and not on the jobs as she described they were focused on. One of the reasons my next guest actually endorsed the president despite his political party. Joining me democratic georgia republican, representative, rather, vernon jones. I dont want you to switch parties. Youre also a member of black voices for trump advisory board. We saw speaker pelosi, really on the interview go off on everyone, ro khanna, andrew yang, seems here sustain for President Trump matters more than pleas within the party to do the right thing. Whats going on . Charles, as you mentioned earlier, im a lifelong democrat and im supporting President Trump. This is a prime example why. Nancy pelosi, obviously, is putting politics before the American People. She was just mentioning about people suffering and they dont know about people suffering. Well she doesnt know. She lives behind a gate. She is a millionaire yourself. She is the one hoe said 12 is discuss some chump change. To many people it is not. So she is out of touch. She is just playing strictly politics. She does not want this president to get reelected at the expense of the American People who are looking forward to this stimulus package passing, not only for individuals and family members but also for small businesses. Charles yeah. Listen, i dont want to diss everyone with a fancy 20,000dollar freezer and 10dollar icicle bars in that freezer. You can still be in touch with the average person but it is harder a lot harder for sure. And heres the thing, i think there is a revolution brewing within the Democratic Party and i think it would erupt to the surface on day two of a biden presidency. What is your thoughts on that . It is the ro khannas, andrew yangs of your party seem to be galvanizing energy along with Bernie Sanders. I dont think they will wait another four years of this kind of stuff . Well youre right. There is some decision within the party. Im a prime example of it. Nancy pelosi, chuck schumer, they have been hijacked by aoc with a bad new deal. They have been hijacked by Bernie Sanders who is a socialist. That is not good. They have been hijacked by antifa and hijacked by black lives matter which all black lives do not matter to black lives matter. They are supporting really literally, they call it protesting but these folks are rioting. Theyre looting and burning including small businesses. And theyre losing africanamerican support. For her and chuck shumer to take a knee with a cloth around their shoulders, that was pandering to africanamericans. Africanamericans are seeing it. Theyre leaving the Democratic Party. Theyre supporting President Trump because he has a record. He has done more for africanamericans in 47 years in this country, than joe biden and nancy pelosi have the past 47 years. President trump, 47 months. Let me be clear about one thing. Charles right. Charles it, would be chaos if joe biden was to win. First of all joe would not be the president. It would be who . Kamala harris. She would do any and everything, say any and everything for power. She is intellectually dishonest. She is flipflopping. She so going back and forth a vote for joe biden is a vote for Kamala Harris to be president , not joe biden z he is dangerous. When it comes to black and brown men she locked them up and locked them down. Over 130,000 between her being d. A. And attorney general. Charles you know, it is really brave of you, i think to come out to challenge your own party like that, just to be quite honest about how you feel. To be honest with you. That is how a lot of people feel but theyre just not brave enough, may not be in the position to say it out loud. Vernon, thank you very much, really appreciate you coming on the show. Charles charles Amy Coney Barrett real quick, real quick. Yeah. Quickly. You hear about Voter Suppression. That is what the democrats are pushing right now. Patrick leahy referenced about long lines. Mentioned Dekalb County i live in georgia, first black county executive. Local leadership. Majority black council and city commissioner. You have black chief executive an black director over elections and black director over board of elections f the lines are long, it is poor planning. Theyre not adding precinct or equipment or employees. It is not about Voter Suppression. The real Voter Suppression how antifa and black lives matter are attacking blacks and others for their independent thoughts and freedom of speech. That is Voter Suppression. Charles vernon jones, i appreciate that specific insight. Meanwhile, folks Amy Coney Barrett promising senators she will keep an open mind as her confirmation hearing getting even more contentious. President trump promising a economy of lower taxes an hider prosperity. Will this message be enough to propel him back into the white house in 20 days . 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Charles President Trump addressing the economy with less than three weeks to go to the election with tax cuts and increasing takehome pay sitting front and center. Blake burman live at the white house with more. Blake . Reporter charles, i remember during the 2016 campaign it was before the Detroit Economic Club went and spoke to unveil his economic policies. Fast forward down the homestretch of the 2020 campaign. Was a bit different at the white house, a virtual address, this time to some of the biggest economic clubs. Economic club of new york, of chicago, of florida, for example. It was essentially the president s pocketbook argum