Market. President trump intensifying already intense travel schedule eight days before the election. Where is joe biden. Liz peek calling his very bad week. The senate will confirm amy barrett to the Supreme Court today. She was impact immediately on everything from health care to the election. All that and so much more on making money. Charles so last week the stock market struck gelled to gain traction, right . We saw it every session. Despite amazing earnings ruts with revenues and earnings significantly above the historic average in terms of beats, positive guidance is at a record high. It has never been that high. Were stocks priced for perfection . We saw the headlines. Theyre blaming soaring covid19 cases. Fading hopes for fiscal stimulus, all for the market which stumbled big time out of the gate and hasnt recovered. There may be Something Else at play although i admit i cant put my finger on it. Investors are bracing for the super bowl on thursday, biggest names report election results. There is an election next week. Media and polls may have declared a winner but wall street is not so sure. What is bugging the market . What is the risk and where are opportunities . Ask Money Map Press chief strategist, shah ghailani. Ear rin gibbs and michael lee. Shah, help me out. Range where you see different concerns floating around out there. The gap in the polls between himself and joe biden i think investors are a little apprehensive may may lead to contested election. No stimulus. Investors are wondering where is the stimulus if we get into a contested election when will we get some stimulus . Charles or if we will get stimulus. It may happen sooner or later. Erin, going into the week, covid cases were on the rise. We knew they would be higher today. Fiscal stimulus talks are something of a game or a charade. As a contrarian im not sure that is what is moving us lower. Maybe it is. I feel we know more in a few days. Meantime to shahs point, Angela Merkel announcing lockdown light. They will close bars and restaurants and ban certain events. But even in europe theyre really loathe to shut down their entire economy again. We have seen increased lockdowns around england. We know this will probably be an increase in lockdowns. I think if you break it down the biggest fears all around lack of stimulus and increased vaccines are sort of death and poverty. Those are the major ones and i dont think we should ignore them but i think if you look deeper into it were also looking at record high valuations and yes most stocks are priced to perfection. Were really worried that they will meet these 2021 up shots. Were all hoping on all the base being next year and being back to normal and great. Another issue is really about lack of breadth. There just arent that Many Companies that are participating. We want the whole economy to do well. So i dont see a really break that much higher until we get a clearer picture what will happen next year. Charles you know, michael i agree with everything erin had to say, particularly ive been lamenting on the lack of breadth, the fact that there are more losers and winners even at alltime highs september 2nd. We were rallying in october. Was that a false sense, false assumption we would get stimulus . Vaccine will surely happen and at some point we would either have President Trump reelected or peaceful, even if for a moment, momentarily anxious transition of power should it be joe biden . You know, charles, i think a lot of those factors played into it. What i see this as it is just plumbing and the underpinnings of the market has changed over the last year, particularly over the last few months to where, you have massive options trades pushing the market higher, pushing the market lower and so you have to remember in a selloff it is never as orderly as a rally because who on earth panics when the market is going higher . So i think you have some things going on in the background. I think the market had false hopes on stimulus before the election. When you point out the fact that enhanced unemployment ran out at the end of july, the negotiations should been going on the beginning of july, not the end of october. It is kind of obvious nothing was going to happen before the election. I think uncertainly what that will look like. Also from an economic front, were looking, right . Continuing claims came in last week at 8. 3 million, down from 25 million. If you look at the jolts number, were at 6. 4 million. So you subtract from the 8. 3, 8. 4, it puts you where we were prepandemic levels. Over the last four or five months these are the types of days where you want to get involved. Charles all right. Listen, i love what youre saying. I have got my list. Im sharpening my pencil. I agree with you this, is the time to make big, big money but first we have to talk about how much risk there is to the downside because im looking at 50 day moving averages, right now sort of being pierced at a key support point. Shah, is there downside we could be vulnerable to or would hold . I think were vulnerable in terms of the september lows in terms of the Dow Jones Industrial average. That is about 26,600. We have another 3 to go. 3 from the lows of today to get there. Below that, charles, unfortunately i dont see much support until we get 24,800 that would be 9 1 2 from where we are here. There is not a lot of support here. We need buyers to come buy the dip, otherwise the market could continue to slide postelection. Charles right. We, so, listen we dont have a lot of room there. Lets talk bin investment themes for a moment, folks, because there were several of them last week. First the digital gatekeepers. They continue to face political scrutiny and many of them report on thursday. Erin, what should the names on the docket are you looking to buy perhaps heed of ahead of earnings . I think microsoft the others you can wait and see. I dont think you will have a huge pop or drop, that it will really make a difference. We know that apple, some of the longterm buys and i dont see it being a point of buying right before the earnings. Two that i do like though that are reporting this week, idx laboratories. They sell veterinary medicines. We know just about everyones second home ask getting a cat or a dog. This is a way to make that play. Charles right. Theyre reporting this week. And etsy, the Small Business plan. No longer having a store. This is a way to buy. Phenomenal stock. That one could really go when it support. Charles i did a report own etsy, it could be the new amazon. Michael, we talked about buying this dip. Any big names youre reporting on your bye list . I like google. It is the cheapest out of all the big names. I think amazon will have a spectacular quarter. What i would say some of these big names will get punished on the miss. That i would say is your entry point. Everyone of these big names that has missed throughout the last few months, they have all recovered and then some. So i am looking for whoever misses. Charles right. Who has a bad earnings report. There is the entry point. Because youve now come into the position where these big names are the indices. Theyre natural buyers coming in. Charles right. So it is an easy way to make money on one of the misses. Buying stocks into earnings, it is, earnings could be perfect and the stock could sell off. Charles i gotcha. You would want to own google even with the regulatory overhang. Charles thats what we saw last week. To your point these stocks have come back from misses for a couple years now real quick, vaccine reopening names they have lost a lot of steam. Shah, youre looking at some of these names. Are you intrigued by the fact theyre coming down for some reason . Zoom maybe not, coming out of the gate real strong but looking to buy reopening trades or vaccine stocks . Were very close to buy some reopening trades, socalled cyclicals. They have had a run, come back down. This selloff perhaps a week or two i think well get a opportunity to buy a bunch of names lower. I Like Western Union lower. I like nokia here and certainly rio tinto is one of my favorites. Those are all cyclical plays i think will do well if we turn around in Economic Growth. Charles shah, michael, erin, thank you very much on this very difficult day. We needed your expertise. Meanwhile barring any last minute tactics from the democrats, Amy Coney Barrett set toby confirmed to the Supreme Court tonight and she will have an immediate impact. Well break down where the justice will have an effect immediately. President Trump Holding a Pennsylvania Campaign rally now and one set after this. No events for joe biden. What gives . Well have liz peek at 2 45. New projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Did you know cLiberty Mutualir. Customizes your Car Insurance so you only pay for what you need . Just get a quote at libertymutual. Com. Really . Ill check that out. Oh yeah. I think i might get a quote. Not again aah, come on rice. Do your thing. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. And if we win, we get to tell you and doug. How Liberty Mutual customizes Car Insurance so you only pay for what you need. Isnt that what you just did . Service stand back, im gonna show ya how doug and limu roll, ya you know you got to live it if you wanna wi. [ music stops ] time out only pay for what you need. Liberty. Liberty. Liberty. Liberty. Charles the senate gearing up to confirm judge Amy Coney Barrett to the Supreme Court. The approval is expected to be very much along party lines. As democrats tried to derail the process as illegitimate during the election season. What can we expect after her likely confirmation vote . Joining me now, Judicial Crisis Network carrie severino. Were here at moment of truth. Youre thrilled. We already have the discussion. Everyone looking at the calendar, that this will be a consequential decision almost immediately. The new justice will have a major impact. Exactly where, share that with us. Almost immediately is right. She will be officially confirmed and sworn in today. Then november 2nd, she will sit in her first round of cases. That is something several nominees had to do. Justice alito, justice thomas, justice kavanaugh, had short periods. In the first week there are important cases coming up in the first two weeks. There is a fairly significant religious freedom case having to do with adoption agencies being prohibited from practicing because of their position, specifically with respect to. Catholic adoption agencies with respect to placing children in same sex homes. They have, there is important case having to do with interpretation of immigration law. That is an issue barrett has spoken on before, has been very clear you have to interpret the law as written and not let politics be the driver of the litigation. It has to be about what the law says. The case challenging obamacare, that got so much play during the hearings. Im not sure she will be deciding votes democrats think on that. That is a significant case that will be held november 10th. Charles what about any cases that might arise from the election . Any potential turmoil in the election, should she recuse herself on those or should she be part of the decision . Yeah. Definitely possible there would be cases coming up. Obviously if any of these elections are close, especially in significant states there will be litigation. You know, there is a long history of Supreme Court justices sitting on cases that the president that appointed them was a party to. You have got justices breyer for example, and Justice Ginsburg who sat on the clinton versus jones case. Obviously president clinton appointed them. Significant case for him had to do with the case against paula jones. They sat on that case. Justices nixon appointed, on the nixon case. There is no reason to recuse herself because she was appointed by President Trump. Charles i have 30 seconds. All eyes on Amy Coney Barrett, we talked about the these cases the pennsylvania case seemed to underscore the fact that perhaps chief Justice Roberts moved even closer to the liberal counterparts. Your thoughts on that . Well, you know unfortunately it is hard to tell where the chief is because he doesnt have a clear, not like he says im originalist, im looking at original meaning of the law, im a textualist. He tends to be harder to pin down in terms of judicial philosophy. We have cases like the obamacare case he looked to the political winds than the law. Hard to tell where he is on those cases. Good to have additional vote as a steadying vote on the court. Charles thank you very much. I always appreciate our conversations. Catch more coverage of the confirmation of judge Amy Coney Barrett on a special live lou dobbs tonight at 7 00 p. M. Eastern time. We are witnessing early voting bonanza but is the Mainstream Media and Democratic Party just a little bit too quick to assume it is tilting to the left . Despite market selloff which screams for more fiscal assistance, lawmakers seem to be running out of the clock. Will new data show americans expected loss in employment income push them to do something along with this market selloff . Well be right back. We made usaa insurance for members like martin. An air force veteran made of doing whats right, not whats easy. So when a hailstorm hit, usaa reached out before he could even inspect the damage. Thats how you do it right. Usaa insurance is made just the way martins family needs it with hasslefree claims, he got paid before his neighbor even got started. Because doing right by our members, thats whats right. Usaa. What youre made of, were made for. Usaa. Charles wellthe Dow Jones Industrial average off more than 900 points right now, on track for its biggest loss since june. Joining me to discuss ceo of sure vest, a financial company, rob luna. Rob, all the great angst tight we were looking for, maybe month 1 2 everyone said expect it, it didnt materialize, maybe we got a little complacent what is overall of todays message is . Weve been looking for this a long time, charles. The message, what cared everybody is the coronavirus numbers obviously starting to spike. Now what happens, that also makes the stimulus deal much more important than we were looking at a week or bo weeks ago. There is a lot of nervousness. The election is next week. This is something to be expected. Were right at the 50 day moving average. Right above the 200 day. This is normal volatility investors have to expect. There will be uncertainty next week, i think well have a roller coaster ride for a little longer. Charles i guess it feels abnormal though, to your point. By now if youre in the market in 2020, you beckel up know that these days will have periodically. People understand why it is happening. Well have a better idea when it stops happening. You believe more virus than election . Yeah, absolutely, i do. I think at the end of the day i think there are people jockeying for position what happens in terms of presidency, president ial office. I dont think that is important. I think when were worried about this blue wave sweep. If that is an issue that has not been priced into the market yet. There are five states we have a close eye on. If you see democrats take the house and senate, i think well be in for a lot more volatility. I think that is a big issue for the market. What were seeing is much more virus related. Charles i thought it was so interesting there were three downgrades on solar stocks this morning before the open. I mean if you think biden is going to win youre buying those names, not selling them. Lets talk about this session, right . Obviously were in a period now where investors have to keep their head on a swivel. How do you do that, Pay Attention to what is happening around you . , also be aware of market. Old axiom is buy low, sell high, easier to say than do when were in the throes of this . Good investing is very counterintuitive. If all the news is good, charles, buying in at that time there is probably not a lot more upside. This comes like we talk to our investors all the time. You have to have a good longterm strategic plan. The time to make that plan is not in the throes of Something Like this and the strategy im doing for my own portfolio, were doing it for the clients goes back to the barbell, where you want names like clorox, coned, paying a good dividend holding up very well today, but big growers like zoom which is doing pretty well today. Apple, facebook a lot will be reporting on thursday. You need to take that approach. You need to do the big down days like that today, to leg into the positions if you dont own them. Charles we know covid cases will probably keep rising for some time. It seems like though, twice, at the beginning of the pandemic and first initial wave came, when the states reopened that it had an influence on the market. But as those numbers kept going up, there was a period where the market stopped reacting to it. Could we get a situation where okay, theyre going up, most places dont want a lockdown. Death rates are not high. We start to look elsewhere for something that moves these markets . Yeah. I think so, absent of any stimulus, charles, i dont think that is going to work. The reason we were able to get through this last time because it was those stimulus checks that we sent out to people. I think the market is okay with, if the government says, in a state like california, disneyland may not open for 20 years if you look what our governor is saying, if you will not subsidize what is going on, i dont think the market will respond well. Charles a lot of this selloff is a direct message to congress. Wall street saying i guys must get your appearing together. Well force the hand if you cant get it together on