Transcripts For FBC Making Money With Charles Payne 20240711

FBC Making Money With Charles Payne July 11, 2024

Challenges he continues to insist the election was stolen for him, one of joe bidens advisors floating idea of more lockdowns ahead of the covid19. Well get the take from the rnc all that and much more on making money. Charles well the market opened relatively flat, investors moving back into the growth names including the lockdown darlings like zoom and peloton this at the expense of the rest of the market. Despite soaring covid19 cases more restrictions an lockdowns investors are resisting panic right now. Many probably remember taking big losses last spring, only to regret it by late summer. With earnings season almost over, vaccine hopes rising with more economic restrictions what kind of guidance will we see near term that dictates Market Action . Maybe it could be the charts, folks. We know investors should mind the gap when it comes to the market. I will explain that with help of ryan capital president , ryan payne, a group im not affiliated with. And federated lisa decell, fitzgerald institutes keith fitzgerald. We saw device scif rotation out of growth names into everything else, but the last 24 hours virus rushed back into comforting arms of meg growth, stayathome stocks. Keith you did not spur the growth names but it does not seem clear not all of them will be winners in the long run so how should investors handle these gee races . Number one, take a deep breath. Number two, concentrate on companies with clear path to profits and executives set to get them there i advocate a barbell approach. Big Tech Companies on one side and consist that make the economy go here. Jpmorgan, apple, health care somewhere in the middle. Sentiment will swing. One thing you dont hit the eject handle. Well get through it and those stocks are going to shine. Charles ryan . I dont know, work at home stocks, peloton, zoom, theyre still 20 below their highs. I dont know about you, charles, but my bowflex is sitting in the basement collecting dust from the 90s. They are getting played out. You start looking at, for example, peloton at 260 times earnings. That is 260 years of profits built into that stock. I think time to look at the reopening of the economy. I think the stocks could bounce a little bit but i think the play is somewhat over. Charles my 80pounders are collecting dust. Im not curling 80 anymore, that is for sure. Linda, your thoughts. This sort of tugofwar between growth, stay at home names around then the rest of the market . We swayed back and forth pretty quickly. Yeah we did, actually. Monday was really outsized day. We havent seen that much of outperformance in value in 70 years. No wonder people started to look over there but investors are worried about value. Weve had fits and starts all year long with value. We step over there. We come back. We go into what you said the comforting arms of the fang stocks. The five biggest stocks today on market cap basis deserve to be there. They are extremely profitability. This is one thing i think they were defensive on the downside and they kept pace on the upside. Wouldnt it be lovely instead of having a rotation we broadened . Charles okay. Im going to come back to linda. Im not hearing her. Im not sure the audience is but she made a great point the reason fang was so popular in part because they deserved to be. We have five companies in the market with that sort of firepower that sort of growth i dont think ever at the same time. Ryan i want to come back to you though, last week we had this discussion and it seemed like you were a little bit afraid of shutdowns. I give you props, shutdowns are coming but stay the course. Now that we see the again the virus going back up, how is this informing how you are invested as we will see restrictions increase but we also know that a vaccine is closer . Which one is really dominating how you are thinking now . Definitely the latter, charles and last week for the record on monday one thing i many fa is zood you have to worry about a meltup at paynes we like to be right, we have seen the meltup. Monday is the validation. Monday showed you any inclination that the economy is literally reopening faster than we expect. All the beatendown names. You saw the cruise stocks, Airline Stocks jump massively. You saw rotation out of tech. I think that is the future. We love the fang stocks. I know we love the fang stocks but the multiples already represent that. So there could be some some more room there but reopening is the place to be here, period. Charles keith, are you making any adjustments based on the spike in covid cases . Well i agree with that sentiment entirely. Youve got to bet on the reopening because i think again as the news drawser the idea we have to stay at home will become less and less attractive. Reality we want to be out, we need to be out, we deserve to be out is where the stock market is going to go. Im happy to see a little bit back and forth, many of those names, many of Great Companies are on sale if you have the right perspective. Charles folks, dont look now but the 10year bond yield moving ever closer to 1 . It has been a under a little pressure today but overall this move is fantastic. I think it is great news for stock investors. In fact history agrees. The market rallied 14 out of 17 times where 10year yield surge more than 100 basis points. That rally averaged 20 . So linda, i think it is huge. Often by the way this leads to multi, multiyear periods of upside for the stock market. Your thoughts on this . Well, yeah, in decades gone by we were worry about Interest Rates going up meaning we had an nation problem. If Interest Rates are going up because we think the economy is growing that is bullish for stocks. Weve been looking for this since 2009. We today a cpi was really very tame. There is no inflationary problem and it would be really great to see Interest Rates go up as a reflection of Economic Growth because we baby boomers, people like myself weve been plowing money into bonds ever since 2009 and if we decide to go over to stocks thatreally to help to power the market. Dont forget financials, they are steeper curve. They are one of the bigger pieces of the market and they charles folks you may here this tina thing all the time, stock market is only place to be. As of the end of september when it comes to fund flows, 241 billion taken out of domestic stocks, 49 billion taken out of international stocks. Where did all the money go . 369 billion into bonds, taxable bonds. I got to tell you if in fact bond yields go up and i think they will go to at least 1. 4 , we could see trillions of dollars coming into the stock market. I want to shift gears just moments ago the American Association of individual investors saw a giant spike in investor bullishness. Ryan, usually that is contrarian thing. I cant remember it being this high all year long. This is one of the biggest week to week moves ive seen in a long time. Does it make you nervous, investors, individual investors have become this bullish overnight . It does make me a little nervous because i like the contrarian play all year where basically the ai numbers have been so low and they jumped. You know where the money is going the bond market. S p 500, we saw 12 billion inflows into the s p last week, spy, the s p etf. Too many people are putting their money if one place, the s p five. You have to broadly diversify the money to protect yourself. That will end badly and when the public loves it you know that is not a good sign. Charles im not so much a fan of individual as great sell indicator well see. Ryan, linda, keith, thank you very much. We appreciate it. Folks the Trump Campaign is filing a flury of legal challenges to keep him in the president ial flight. Joe bidens advisors are pushing for National Lockdown to control the pandemic. Cast see smedile from the rnc will weigh in on that. Pushing for the quote, privilege folks who can work from home. At 2 20 why this has nothing to do with economics and everything to do with punitive social justice. Well be right back. Our Retirement Plan with voya gives us confidence. We can spend a bit now, knowing were prepared for the future. Surprise we renovated the guest room, so you can live with us. Im good at my condo. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Lexus has been celebrating driveway moments. Heres to one more, the lexus december to remember sales event. Lease the 2021 nx 300 for 349 a month for 36 months and well make your first months payment. Experience amazing at your lexus dealer. 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Visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. Charles the Trump Campaign taking aim at pennsylvania and its 20 electoral votes following a dozen legal challenges alone. The states court barring Election Officials rather from counting provisional ballots cast on election day by voters who mailed in ballots on time. The latest string of lawsuits in addition to ones in georgia, nevada, michigan, there are also reports of attempts to delay the certification process. Allowing republican governors to appointee electors instead. Bring in cast Cassie Smedile with the rnc. Where are we with the latest challenges and the strategy if you will from the Trump Campaign . Absolutely, we have hundreds of signed affidavits from people, both political and apolitical who were from poll watchers to volunteers who saw discrepancies in the process. Who saw things that caused suspicion on election day. Those are being investigated. Those are part of these lawsuits. From our standpoint, our number one priority is to insure the integrity of this election. To insure that every ballot that was legally cast is counted as the voter intended. So that is where we are in the process. We are grateful that we have thousands of lawyers who have been on the ground since election day. Some case as little bit before to make sure that the American People can make sure their vote was accurately counted. Charles so cassie, what do you say to republicans who are saying this is fine. It is obviously, it is an option for the president it is within its rights but there should be some sort of a timeline and at some point a decision has to be made because election shenanigans happen and it has got to be clear enough of them happened, if they were all deliberate to change the outcome . What do you say to those, particularly republican asking those questions . Well, the Mainstream Media would have us believe that this is always, races are always called on Election Night and thats it, clean up. Pull up the tents and off we go. That is not it. We know that. We know in every election it has to be certified. In every election there are cases and discrepancies that have to be investigated. And by the way the election is not certified until the middle of december by the electoral college. So we are in a critical time but this is a normal time frame to do our Due Diligence and to do due process on our election process, our democratic process. Charles but to be clear, but to be clear the campaign, the campaign believes though that there are enough potential votes out there to change what the media has called already . We are certainly seeing a large amount of discrepancies that are worth investigating and thats what the media would want you not to believe. They want you to say, no, there is nothing there to the extent there might be something it is very par for the course what weve seen in past elections. Yet in every state there are instances were seeing that is not normal. In the pennsylvania with people who got there on election day were told absentee ballot already turned in for them. Theyre saying i didnt do that. We need to get to the bottom of. American people deserve to get the bottom of. Integrity of our election process we need to get to the bottom of. Charles i have got less than a minute but i have to ask you about comments dr. Fauci say he doesnt believe america should go in another lock down. He would like to see people wear mask, but joe biden advisor on his task force is floating the idea of a serious National Lockdown, up to six weeks. We know what has happened before with the lockdowns around this country. Most americans do not want to see it. What is the message you would have to joe biden and his team about the consequences of a national six week lockdown . Well, i would say to joe biden take your own advice. Believe scientists. Believe doctors. Listen to what theyre saying. You have dr. Fauci one of the most beloved doctors especially for Joe Biden Kamala harris they quote him often, dont do this. Not only does he think it will not have the intended effect but will have so many unintended consequences on the mental and emotional state and psychological state of americans. And by the way we have recovered more than half of the jobs that were lost prior because of this pandemic. We are in the right direction. The spirit of america is strong. Joe biden should not be allowed to do anything that would cause irreparable harm to the great progress that we are making under President Trump and republican leadership. Charles it is no doubt feels like joe biden is wedded to this idea no matter what. It worries a lot of people. Cassie, thank you very much. Always a pleasure. Thank you. Folks Deutsche Bank calling for a tax on those privileged to work from home. Kristin tate will react to that next. Black lives matter cofounder demanding a meeting with joe biden and Kamala Harris to go over their expectations for this administration. Is this the start afar left war . Blm coming to collect. Well be right back. O place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. Our own hopes and dreams. Well pass many milestones. Moments that define you. And drive you. To achieve even more. So, celebrate every one. Because success isnt just about where you want to get to. Its also about how you get there the all new 2021 cadillac escalade. 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Deutsche Bank Economists are proposing a tax of 5 on people who they say quote, are privileged enough to work from home to help fund workers whose jobs are under threat or who actually have to go in to work right now. The proposal had me pretty riled up this morning on fox friends. Take a listen. This is all about some sort of form of Economic Social Justice because you are, quote, unquote, lucky enough to work from home and you do

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