Well have a live report on that. President obama says Americans Care more about cheap gas than they do from the environment. Well hear from steve moore, whether this was a cheap shot. All that and a lot more on making money. Stay tuned. David its a huge market day. Nasdaq hitting alltime highs once again today after surging more than 10 last month. Vaccine hopes stronger than expected Economic Data and rumblings on capitol hill of a bipartisan covid relief bill are boosting market optimism. Joining me two markets experts to break it all down for us. Bellpointe chief strategist, david nelson. Great to see david again. And nicole webb. Let me start with the big picture. We didnt mention the fed announced, frankly nothing moves market more than free money. They said essentially there will be a lot more free money as long as they dont see any signs of inflation, the money printing will go on ad infinitum to pay all the bills but we still have a fear in the market of a more antibusiness, at least not as probusiness administration coming into power than the Trump Administration. That is still i think holding the market back. I think it could be higher than this. David, i have to agree with you. Obviously the street as reaction, none of us were surprised by powells comments, mnuchins comments. Their narrative has stayed pretty much the same threw 2020. Records coming in 2021 keep coming in rosy. Were winding back, going book to the narrative what does this economy look like postcovid . How much pentup demand is there . To reiterate what you said we have six Covid Vaccines in the pipeline. Guidance from the uk will demand a vote if reopening doesnt happen by midfebruary. When we look at gridlock in the government, look at more stimulus, look at consistency around the narrative, then we talk about janet yellen coming into the fold, we know what the plays in her playbook look like, we talk about Unlimited Money printing, wall street is going to react postively and see that in the velocity of change from yesterday to today. David she spoke kindly of negative interest rates. God help us if we get into that but are you confident the market will continue up through the new year. The data is constructive. We will have free money as far as we can see. The fed virtually promised us they will not raise rates for the rest of our lives. All that is positive for stock watchers out there but group think can be very dangerous. I find myself being a bull as well but it is not a time to let our guard down. Things are not all well. A subset of americans need a helping hand, need a bridge loan to the other side of this vaccine. We need that. We have china as an existential threat. You can bet president elect biden will be tested earlier in his presidency. Foreign policy, for sure, perhaps even military. It is not a free ride and were starting to price in almost a perfect world. David by the way, david, you say perhaps military, are you talking about china or who specifically will be testing biden . Specifically china. China is existential threat every sense of the world. They will perhaps test is mull tearily in the South China Sea and our neighbors there. David i agree with you on that. Nicole, drill down if you can. How should those of us who handle our own portfolio who advise those who do reshift our portfolio, if at all . This is call to action in terms of going back to the factors of investing, looking at value, momentum, low volatility, profitability, taking into consideration some of that side bias. Weve already seen a rotation pull back quite positive in the runup for small caps. Another thing, many of us took action in that early downward trajectory in the early weeks and months of covid saying the u. S. Would likely recover much quicker than any of the foreign countries, certainly the emerging markets. Now when look for optionality of performance starting to look abroad again it is beginning to make sense. Certainly, some of us keep saying it, that dislocation, omni tilt present in the market, dislocation between growth and value it needs to narrow and with that well see a continued pickup in rotation back to value. David david, quick last word from you. The question of these trillion dollar deficits. We just cant laugh them off. At some point you have to be concerned about them, dont you . Yeah. Fed Balance Sheet grows exponentially every month. Grown 3 trillion in the last year at some point it has to be addressed but right now everybody in the world is doing it and we live david doesnt make it right. As long as were the reserve currency we can hold up. It will come against us at some point. David i think it will. Again i think your point on china is very much worth watching. David, nicole, great to see you both. Take care. Thank you, david. David the cdc holding an emergency meeting at this hour to decide who get as Covid Vaccine first. At the same time the fda is facing increasing from the white house. Blake burman at the white house. I this you this is the most exciting news that we can report, blake. Reporter there is meeting about just to begin. I keep looking at my phone to see when it will. This is a group of outside experts that advises the cdc, asip. Advisor. Cdc already suggested this go to health care professionals, 21 million americans. That is 8 of the adults out there. This is the cdc proposal at this point which is for those that work in hospitals, long care care facilities, Outpatient Facilities home health care, pharmacies who work for emss, along with Public Health officials. Top scientist on operation warp speed, dr. Slowi was asked who he believes should get the first batch. This was his response. Should start with those who are most exposed and most infected. Really the very frail, elderly people, more than 50 of deaths are happening for instance in longterm facilities. Head of fda that man right there, dr. Stephen hahn was here at 9 30 this morning to get h give a briefing on vaccine approval process. Pfizer nine days from now and moderna on december 17th. Im also told, david on the december 8th, the white house it planning on having a meeting with the president and Vice President along with governors and also executives from within the industry as it relates to covid19 and how to go about distribution a lot of movement on this front as we continue to wait for this meeting to take place at any moment now with the votes on the suggestion coming at about 4 00 this afternoon. David just amazing what operation warp speed has produced, just extraordinary. Nobody ever seen anything like this before. Blake burman good to see you, thank you very much. Joining me with reaction fox news medical contributor dr. Nicole saphier. A pleasure to see you, doctor. Let me ask you first, who will get the vaccine first but who might not take the vaccine. We have 40 on one poll that i saw, americans reluctant to the take the vaccine, if that holds, 40 of the americans will not take it, is 60 of the americans taking the vaccine enough to stop the pandemic . That is the best polling ive seen, about 58 of the people would consider taking the vaccine. When you look at Prevalence Data anywhere between 20 to 30 of americans have been exposed to sarscov2 at this point. To reach herd immunity we need 70 exposed to the through the virus or to the vaccine. I guess were getting close to 58 willing to get the vaccine add to that the people already who are infected. As time goes on there will be more confidence in the vaccines. It is incredible, safety and efficacy data exceeding all expectations. It willing messaging and education about vaccine safety. Making sure everyone has access to the vaccines in the months to come. David 70 is herd immunity. Let me talk about the covid spikes with you a bit. I think of 87yearold senator grassley who everybody was shocked to hear when he tested positive. Was really worried about him because he fits perfectly in the most dangerprone spot of people who get it, he was fine. He didnt have any symptoms. He tests positive. How much of the spikes that we are now seeing because of all increased testing goes to people who have the virus or who have, at least tested positive for the virus but are showing no symptoms . You know that that is a realy good question. One i actually put on twitter yesterday, that we are seeing the spike in cases. Absolutely our hospitals are stretched right now. I know a lot of people that are staying home because theyre not feeling well but we dont actually have the exact data on the new cases. How many people are asymptomatic. How many people have mild symptoms and how many people are really requiring medical care. Unfortunately that data is not going to be available for a while. I can say again we know about 40 to 45 of all people infected with sarscov2 can be aye symptomatic. We can imagine a good amount of new cases are symptomatic. But here is the thing, all the studies have shown for people who are aye symptomatic, and symptomatic, they have equal amount of virus they can shed to other people. They are both contagious. That is important to treat them equally. I dont want to diminish for a moment the harm this virus has caused and can continue to harm. We hear a lot about hospitalizations, i wonder about, you tweeted out Something Like this, do we know how many people were admitted to hospitals but for other illnesses but happened to test positive . That is covid is not what brought them into the hospital but theyre counted in the group of people who do have added to that covid hospitalization . You know, this is a very important topic right now because there are a lot of conspiracy theories going on you heard people say physicians in hospitals are up charging people in hospitals have covid and dont. I can assure you that is not what is happening but what happens people come into the hospital, they may be admitted for some other alternate reason, whether having a heart attack or stroke or broken bone, prior to coming in or being admitted they get covid tested because we need to know who has covid, who doesnt because theyre highly contagious, im questioning do those positive cases get counted towards hospitalized, people hospitalized from covid . Being hospitalized from symptoms of covid19 is very different than being hospitalized and also having covid. David right. Again this isnt data that we have. It is something i would really like to see. David it is an important distinction. Dr. Nicole saphier, always learn a lot talking to you. Thank for coming in. Appreciate, david. David more politicians caught in the act after lockdowns. The chaos and hypocrisy never ends. We have details coming up. Joe biden announces his economic team. People from the right and left are both unhappy. Reaction from economist steve moore after the break its moving day. And while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. It only takes about a minute. Wait, a minute . But what have you been doing for the last two hours . Delegating . Oh, good one. Move your Xfinity Services without breaking a sweat. Now thats simple, easy, awesome. Xfinity makes moving easy. Go online to transfer your services in about a minute. Get started today. The team im announcing today will play a Critical Role shaping our plan for actions starting on day one. It is based on a simple proposition, reward hard work in america. Not wealth. David arent the two related . Joe biden officially tapping janet yellen as secretary of treasury. Biden introducing neera tanden, the president of a far left think tank to head the budget office. So is this the beginning of the end of President Trumps economic successes and policies . Joining us now, Freedom Works economist, Economic Advisor to President Trump, steve moore. First that line from joe biden, we need to reward hard work. Not wealth as though the two are totally unconnected. Unless everybody who is wealthy inherits their money dont they have to work hard in order to get wealthy . Well, i love the line about rewarding hard work. That is what we as free market conservatives believe in, that work should be rewarded. One of the reasons by the way this new plan that came out today, david, by ahn b of democrat and republican senators that increases unemployment benefits, no that doesnt reward hard work. It rewards people for not working. Economics, david, is all about getting the incentives right and im somewhat skeptical that the biden team will do that. You know, this is, youre in my old employer editorial page, had a good piece saying these are a bunch of bleague, obama people that have kind of elevated up, that almost all believe in keynesian economics. All you have to do is increase Government Spending and you will get prosperity. David but the idea that there is something wrong with wealth, that it is in some way the direct opposite of hard work, Building Wealth is hard work and it not only benefits and rewards the people who become rich, or become wealthy but it benefits dozens, if not hundreds of other people who get jobs and have spinoff businesses as a result of it. That is, that is how the American Economic system works. They dont seem to get that. Yeah. The denigration of wealth is something that really worries me right now. There is, more and more in the kind of, you know, pages of the New York Times and the washington post, cnn it is about wealth is an evil thing. One of my favorite books of all time, david, the book called millionaire next door. How people become millionaires. It was written 20 years ago. People dont inherit wealth. Some do but starting a business, taking a risk, becoming exceptional in something. We need to reward wealth and reward wealth and reward work. They are not contradictory. David you need dynamism. Most wealthy people did build their own wealth, a lot lose them all. Look at the forbes 500 richest list, very often those numbers change, or those names change entirely from one issue to the next because there is so much dynamism. There is question of income inequality that janet yellen talked about. My question, why is income inequality so important to those specifically who enact policies that increase income inequality . Well, another good point. The single most important thing in my opinion that we could do to reduce income inequality in the United States, bar none, would be school choice, to allow minorities and low income parents to send their kids to schools that perform because kids who have to go to innercity, you know, nonfunctioning Public Schools and cities like chicago and new york and milwaukee, cleveland, those kids dont have. Of a chance. David yeah. Guess what . The liberals are opposed to those kinds of idea. They believe the way to reduce income inequality is give people money. That is not im in favor of. David their policies, their policies end up with a greater income inequality gap as we saw during the Obama Administration than during the Trump Administration where that gap narrowed. Final point on energy, i know this intrigues you, you wrote a book about fracking. It is one of the sector wins of the Trump Administration, in terms of lng, fracking, gas and oil business directly, here is what joe biden wrote about that industry, carbon industry, Carbon Energy industry, he wrote, at the end of the day we americans loved our cheap gas and big cars more than we cared about the environment. This is what, excuse me this is what president obama wrote about it. I mean thats a dig at americans who have tried as hard as they can to figure out a way to make ends meet. First of all, a dig at middle class america but also misunderstanding of the energy industry, is it not . It is. Really incredibly arrogant thing for a politician to say. I mean for decades that, sign of status, not just in the United States but around the world is to own your own car. You know, a lot, we talked about income inequality, with poor people dont have transportation they cant get to a job. If they have a car, they can do it. This war against energy i find to be maybe the most troublesome feature of bidennomics, david. We rebuilt this economy from that terrible financial meltdown we had in 2009, largely on the back of our oil and gas industry through the shale oil and gas revolution. And to basically kneecap that, say well obliterate that, move towards green energy, i dont have a problem with green energy, it is not very efficient, knot very reliable and not very cheap. David by the way the kneecapping oil, gas and coal we have more than any other country. David kneecapping most benefit from that are china and russia. David this is something that a president could do without a senate on his side too. He could do it by regulations. That is part of the problems. We have breaking news you will be interested listening to. Breaking news out of washington. Senate Majority Leader Mitch Mcconnell saying he has received a covid19 proposal from Speaker Pelosi and his democrat counterpart chuck schumer. He said he and Senate Republicans are vetting relief ideas. They believe President Trump would support and sign into law. Mcconnell also saying that there will likely be additional covid relief early next year. That is something that should please markets. Coming up, of a messing up the response to the h1n1 virus will the Biden Administration handle the coronavirus any better, especially with so much hypocrisy coming from the politicians on the left, calling for bans on outdoor dining, like this woman dining outdoors. Another example of political hypocrisy coming next. Or whats trending. Get realtime insights. We all have our own journey ahead of us. 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