We have that manying up. The number of americans seeking unemployment aid popped last week. Add to that expiration of emergency programs, increased lockdowns. One has to wonder will Congress Step up . Or will this be a Blue Christmas for Many Americans . I will ask tennessee congressman mark green. President trump fights for reelection and targeting vote if iification in a number of states. Well get that from the trump campaigns erin perrine any. All that and more on making money. Charles the market seesawing back and forth in a narrow range. This is normal consolidation after of a recent weeks. Lockdowns impacted market only when it hit wall streets backyard did we see noticeable selling. The market understands it will take some time to reach socalled herd immunity which near term the economy could get rocky. The market understands there will be huge Central Bank Accommodation and maybe fiscal health. There are huge winners every day in the stock market. That is what investors are leaking when they delve into the risk and opportunities. We have mike murphy with us. 7th capital managing principal, monica mehta and cio shana sissel. What comes next . Mike, i want to start with you. You have been just very bullish. You came home from a lavish vacation which people are who bullish get to do. When they said head for the hills you stayed in this thing but does it feel toppy for you now . Im not [inaudible]. Charles were going to woman back to mike. Youre coming in and out, michael. Shana, your thoughts where the market is. I say it is consolidation. Do you say it is something more . No. I think it is consolidation. I expect well see downside towards the end of the year as we start to see some economic numbers come in for november and december. I expect to be pretty rough given were doing renewed lockdowns. We will likely see declines in Holiday Shopping and spending. Consumer confidence has not been great in the most recent survey in early november. So i expect it to be a little volatile. But i think the key drivers to the market continue to be positive. As long as we continue to get positive vaccine news, that we should continue to see the market continuing to go upwards and reopening trade rotation weve seen will absolutely continue to move forward. Charles right. Monica, my friend, how do you see things . I will take a slightly different position from shana and say we might get a really nice holiday surprise from retail. Youve had consumers staying home and saving quite a lot. The savings rate hit 18 at points over the last several months. Now, 3 to 400 billion that consumers would otherwise spend on traveling or hotels or services, there is a belief among the Retail Community that that money will be spent on goods. And so, there are a number of retailers, discounters, you know, home focused retailers, home depots and the like that will probably see a benefit from all of this redirects of cash. Charles right. And i tend to agree with you. I think it will be a fantastic christmas, especially since we probably wont be together as much as we want to. Mike, i know your audio is fixed now. Just your thoughts quick on the market. Then well segue also your thoughts on the consumer because consumer stocks, retailer names are crushing it. L brands, the biggest winner today. We heard monica talk about this. I think she is spot on. Homebuilders are doing well. First your thoughts on the overall market and also can the consumer keep doing all the heavy lifting . Well do it real quick, charles. Dont over think it. Yes the market is near alltime highs but no reason we cant keep taking out those highs and make new highs. The consumer is one of the main reasons for it. Look what came out of target. Look what walmart is doing which is a name we own and continue to buy at these levels. The consumer will continue to support the economy. Stimulus would help. It is not necessary. The market is set up to take out new highs and its a matter also, we talked uber last week that broke out, it is a matter of finding the right companies to do it. Uber is one you can still hold on to. Walmart is another one. Charles shana, what do you make of the market almost every day in the last few sessions seesawing back and forth . Communication services and itself and technology is up 20 . There are winners every single day. Are you trying to zero in where the real hot action is now . There is a lot of value in the market if you look at it. Take the nasdaq for example, the nasdaq is up a little over 32 yeartodate but if you look what the drivers of that return is mostly six to 10 stocks and so the remainder of the nasdaq there is opportunity and value there. If you look at the reopening trade, yes, energy is up 20 but it is down yeartodate like 60. And so there is this rotation going on. So a lot of these are nowhere near normalized levels. They still have plenty of room to run and value exists in the market outside of the six to 10 stocks that have been really driving returns to this point. Charles monica, youre an oil person, a texas gal, if you will. Are you buying this move in energy . It is ironic, some ways you look at it it looks overbought and in some ways it is oversold. Im in houston where energy touches every portion of our life. It is moving so much because its a volatile year. The biggest opportunities are in real estate on the residential side. I think one people really need to appreciate is, even though they hear all the negative news about the terrible pandemic, so many people losing their jobs, were in a once in a generation moment where youre having a catalyst that is forcing people to make major, major change in their life and their businesses. That major change becomes a catalyst for a lot of spending that spending will push many sectors of the economy forward. I think that is a fundamental most people need to understand. I would say that you know where i see the greatest opportunity really is on the residential side. Charles so on the residential side, let me stick with you for a moment because we had a amazing existing home sales number today, just mindboggling. We know Homebuilder Sentiment is at a record high driven by perspective foot traffic weve never seen before. The homebuilders stocks are not that great. Maybe the ancillary, the accessory part of this story is where you want to be right now . So remember, 80 of Home Inventory is existing inventory. Right now, what i think is weighing down the builders is basically a lack of lots. You have to have land to build. It is also rising material costs. Lumber costs have skyrocketed. They have more than doubled. A lot of homebuilders are sifting timing the market. In general charles do you buy whirlpool . How do you make money on this phenomenon . [no audio] let me go back. Mike i want to bring you back in. Youve has the hot hand. Technology feels like it is recapturing some of that. I dont know i wouldnt say lost glory but obviously it estimate belled for a moment. Felt like value took over. A couple major wall street firms threw in the towel saying tech would no longer need. I know you like uber and other areas we need to look at. For sure. I think microsoft, i think apple, amazon, these are names, charles, i will stick with them. I will buy them on pullbacks of 10 to 20 i get them for as long as the story stays the same. As long as there is growth and there is innovation i want to buy those names. Also your other question on homebuilders, i know the audio broke up. I wouldnt be a buyer of whirlpool. Home depot, all homes sold, a little pullback in home depot is a great opportunity to get in. Charles shana, i will give you the last word, what should we be most concerned about in this market right now . I think people are not appreciating that there will be a economic consequence to renewed lockdowns. I think we will get through it and it is not a reason not to invest but i think there will be opportunities between now and the end of the year where we will see weakness, well see increased volatility. There might be better times to get into the names mike was talking about, some of those Technology Names and also looking down the market cap spectrum, the smaller cap names can look more attractive as we come out of this. So i do think there will be volatility, lockdowns have economic consequences and we cannot overlook the fact well likely sea weakness in the market through the end of the year. Charles keep your powder dry because you will have a chance to buy the dips. Shana, monica, mike. Thank you very much you three. We very much appreciate it. President trumps attorney is laying out what they call a clearly viable path to victory. Well go over the developments from erin perrine from the trump campaign. School closing, i am sharing why these actions are bigotry of low expectations. Well be right back. Since pioneering the suv in 1935, the chevy suburban has carried many things. Nothing more important than family. Introducing the most versatile and advanced chevy suburban and tahoe ever. Adapting. Innovating. Lsetting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. 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This is not a single lar voter fraud in one state. This pattern repeats itself in a number of states, almost exactly the same pattern. Charles the Trump Legal Team giving an update on their Court Battles after withdrawing their lawsuit in michigan. Rudy giuliani accusing battle states of massive voter fraud, citing sworn affidavits from alleged witnesses but feels like maybe the walls closing in. Republicans have won one out of about 21. President trumps allies are calling for joe biden to receive security briefings. Joining me trump 2020 Communications Director erin perrine. Trump tweeted massive fraud. Mayor giuliani is laying out the case in each of these states where they stand and where the litigation is at this point. The campaign, we pulled down our lawsuit in michigan because we received the remedy we were looking for which was to hold the certification in wayne county based on our concerns of a 14th amendment violation of the equal protection clause when it comes to ability to view the count. Were glad to see that happen. That is why were not pursuing that litigation. In wisconsin we filed for a recount. In two counties there, dane county where madison sits, milwaukee county, where obviously milwaukee sits, we have Major Concerns when it comes to the absentee ballot process and addresses filled out and information necessary to make sure safeguards put in place were not circumvented in any passion. In pennsylvania we continue to pursue our 14th amendment clause case as well. We want to make sure every legal vote is counted and any illegal vote is not counted. We want equal access to be able to insure that. Charles erin, lets talk about the timeline. Georgia, maybe well know something on recount any moment, november 20th. Michigan, november 23rd, pennsylvania, november 23rd, nevada 24th, arizona the 30th and wisconsin on the first. The clock is ticking. Were waiting, everyone is waiting with bated breath. We want to see the hard numbers, these massive numbers. When can we expect them . Well this is never going to be a one lawsuit or one source to fix all of these remedies and these issues that we seek. Its a piece by piece step were taking here. Again, like i would say in michigan where we had wayne county not certify the final ballot. Where they rescinded that certification by those two republicans there who were bullied and threatened trying to stand up, 71 with the of the votes there, we have huge discrepancies, that should worry voters in wayne county. Were trying to make sure the outcome of this election is accurate. That it is for years to come. It is a step by step process. Nothing will be solved in the short term. It will take time. As we know the wheels of justice are not necessarily the fastest in the world. They move slowly. Were using judicial system and that process to make sure we get this right. Charles before i let you go, if all of these states have these, their own timelines, if they start to certify these elections, and you lose enough Court Battles will it be enough for you to be satisfied that you have shown a light on a process that to be quite frank with you has a lot of problems and i think a lot of americans are grateful because we all want the integrity of the election to matter most . Election integrity is so paramount and in this instance, yes, we are shining a lot but as the legal team said today, were just getting started. Were still in the evidentiary phase. We want to make sure we have the opportunity for discovery of resources of the actual case to make sure that we can get this right. As i said, for not only now but for generations to come and for elections to come. There is one january 5th in georgia. If we cant trust the outcome in georgia where thousands of ballots were found after the election, we got to make sure we get it right now, and for the runoff in georgia as well. That is coming up fast. That is the huge problem. Well make sure we get it right. Charles the problem, the guy in charge of it is a republican in georgia and he is saying there was no problems. These are obstacles that you have gone through. I think the public, if you look at these polls, there is a lot of support for what youre doing but i feel like the clock is ticking. So i appreciate you even taking the time to come on. I look forward to the next update, erin. Thank you, charles. Charles thanks. Parents are left scrambling after new york city closes school from now until at least thanksgiving. Why mayor de blasios actions doom the citys poorest students. The time is ticking for a covid stimulus bill leaving businesses and everyone else on the lurch. 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Humana, a more human way to healthcare. Charles so with new york city once again shutting down its school system, my attention is on a desperate situation of an avoidable achievement gap that will certainly become a lot worse. As it stands right now new York City Public School education proficiency for third through 8th graders is woefully low. 4. 6 in english, 47. 6 in math. Students in Charter Schools are doing significantly better, 57 and 63 respectively. The socalled achievement gap measures racial groups and educational proficiency is absolutely shocking. Black students population is 69 proficient in english as white counterparts. 53 proficient in math as asian student counterparts. The system is so rotten because it has little faith in the intellect of black and latino students. Later on 20 of the households in the new york met crow area lack highspeed internet connections. By the way, 750,000 students live in the homes. These children will fall much further behind. There will be schemes to fix this like setasides and affirmative action programs, taking spots and special high schools that rightfully belong to other children who earned them. Beyond high school the same politicians fight for higher minimum wage, Public Housing and free medical services. These paternalistic instincts sadly do not apply to black and latino children when it comes to Higher Expectations and a more difficult curriculum. As long as the parents of the