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tv   Making Money With Charles Payne  FOX Business  August 13, 2021 2:00pm-3:00pm EDT

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neil: all right i'll leave you with the dow up s&p is up as well and any gain is a record charles payne to take you through the next to last hour, hey charles. charles: hey, neil thanks a lot, my friend have a great weekend and good afternoon, everyone. i'm charles payne. this is "making money" and breaking right now, it's friday the 13th but it's really never been a scary day for investors. in fact, many investors, some are too cocky and too exuberance and if you are in this market you must learn to control your emotions. hey i've got one pro tip i'll share right now. put down the bottle. china, meanwhile, already limp ing on the verge of more lockdowns and might not be right for a number of reasons we'll go through them, plus the housing
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boom appears to have peaked 182 out of 193 metro areas, they enjoyed strong second quarter gains by the way, can you guess the one town that was actually down 7% tweet me at cppayne, we got a huge show all that and so much more on "making money." >> ♪ charles: classic, classic so speaking of classics during the speech to the american enterprise institute in 1996, federal reserve chairman alan greenspan mortalized these words , "but how do we know when the rational exuberance has unduly escalated asset prices" and the phrase is used whenever asset prices, particularly the stock market right now on the terror seems to be unmoored from underlying fundamentals or economic conditions.
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now for many on wall street it's also associated with the notion that when too many are in the game, maybe it's time for it to shake them out. now, with this market already hitting 47 new highs this year, the correction core, well they are getting a whole lot louder and a whole lot more crowded, but i want you to take a look at whose most exuberant right now. the bank of america merril lynch survey, the monthly survey of global money managers the equity asset allocation 65% folks is an all-time record. active investment managers have a 97% exposure to equities and what about the individual investors? well, you know the ones who always wreck the party only 37% bullish that's actually a percentage point off the historic average so is this market ready to correct? joining me now loop group chief investment strategist jim polson jim you mentioned that noted the market is in a bubble, now, if that's true it doesn't obviously mean that we have to pop right away, but how does the air come out of the bubble?
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>> well, i think that we're definitely due for a correction charles at some point. i wouldn't be shocked if we get one of those fairly soon or at least in the next six to nine months, but i'm not sure this is to a point where it's bubbleicious like we assume it is in the past. i think it's more where we can get a construction and then we're still early in this bull market. normally, at this point, once the economy picks up, pressures start to build on the stock market when the economy picks up , interest rates rise, bond yields go up, the fed starts tightening, fiscal juice dries up, and a lot of those pressures build on a market that's gone straight up and is pretty over valued. we don't have a lot of those characteristics today. i mean, we just don't. the short-term interest rates zero, the bond yields if anything have been coming down in recent months, the fed is still accommodative, fiscal juice is still coming on its way and actually the valuation has
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been high, but it's getting better, because the earnings in recent months have been going up faster than stock prices, so i think we've got risk of correction, but i think we're still early in this bull market yet and it still has multiyears to go. charles: oh, wow i love hearing that, jim. earlier in the week you wrote a report it was titled "has the fed mate volatility valuable " what does that mean? >> well, one of the things i look at, there's a measure of volatility in the stock market, the vix volatility index, a measure of volatility in the bond market, the move index, and if you look historically at that, charles what you'll find is the best environment for stocks is when the vix is above average, that is volatility in the stock market is a little above average but bond market volatility is below average, and i kind of think that that's a really good environment for stocks, but when you have a little nervousness in the stock market because of
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elevated volatility but bond yields are really stable and stocks typically do really well the fed has created kind of that environment with their policies, their excessive quantitative easing has depressed the bond market volatility. it's the move index is maybe one -half below its average going back to 1990 right now and it has a lot to do with quantitative easing whereas the vix is slightly below average and has been above average a lot of the time primarily because in some case, people are worried about what the long term impact of overuse and abuse of monetary policy is going to be but that combination kept a very favorable underlying situation for stocks where there's a bit of a wall of worry with very stable bond market and that typically leads to good stock returns. charles: right. jim this morning, we got the consumer sentiment report. it absolutely plunged, dropped to 70.2 from 81.2 in fact that 13.5% decline is the third largest monthly decline on
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record, only april of last year and october 2008 were worse. a lot of it was the delta variant obviously and maybe hopes that we were going to have a clear sailing out of this thing. maybe some of this inflation too why does the market holdup when you see this kind of news? when someone's watching and they are saying well, how come the market doesn't negatively react to something like that? >> well, i looked at that this morning, because i was shocked too by it charles how much the confidence index fell this morning. it was shocked everybody, i think, but i looked back and that data goes back to 1988 and i looked at every month, and i looked at all the months where the index itself, for a single month, fell 5 points or more, which covers most of the largest declines in that index going back to 1988 and once you find out when you get really big one month collapses like we had this morning that's typically been really good for the stock market. the forward average annualized one month forward return for the
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s&p 500 on those biggest monthly declines in the consumer confidence is almost 20% annualized, where it's only about 11% annualized the rest of the time. charles: wow. >> i think the reason that works out is because when confidence falls that far that fast, it's more of a suggestion of capitulation. when it's a slow erosion that it's more concerning for stocks so a big one is often a good entry point. charles: right. again, amazing work, you even did that that quickly, and was able to share it with us i appreciate it. jim have a great weekend thank you so much. >> you bet. you too, charles. charles: i want to bring in from kim forest along with gary b. smith. kim, its been far too long. i want to ask you about this market. do you think it's expensive here , too expensive here and if so, do you still ride it out or do you start to get out? >> well, i never think that you
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should get out out out of the stock market because you don't know what tomorrow brings, and that is both to the upside and to the downside. i know that people have a tendency to whenever the markets hitting all-time highs to think tomorrow is going to crater down and create this big mountaintop kind of chart, right? but that rarely happens. the reason why the markets going up is because companies are good enough. delta variant is out there, but there's a lot of pluses and minuses. what you should do is take some of the money off the table, positions that are just too big, pair them back, don't get rid of them. charles: okay, gary b., you've been a little skeptical about this rally for sometime. have you come around since the last time we spoke? >> [laughter] the market has pounded me into submission charles what can i say! look, i'm still skeptical here is the thing i'm worried about.
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kim mentioned like a big negative or there could be a big negative. i still think it's inflation. i think inflation right now is not transitory. i think it's a worry. that in itself isn't a problem but of course if it translates into the fed picking up the soup bowl and going home, then it's a problem. on the flip side, i can see nothing. i mean the market seems to have ingested the delta variant. its ingested the problems in afghanistan. its ingested inflation. it just, it is, i think, a lot momentum-driven and that's fine. i guess i'm with kim. i'm 50% ingested right now and i think for most people whatever they're at right now, they should probably stay at because it is very very difficult, as you know, charles, to time the market. charles: yeah, no, absolutely. i really gave up on it, although like kim said, i mean, raise my
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cash position from time to time. kim, that sentiment number that was one heck of a blow and let's face it. news like that kind of lets us know it's going to buy the fed more time to be accommodative. is that one of the reasons the market is actually a little bit higher and to the point that was made earlier by jim paulson, has a tendency to go higher on those shocking declines in consumer sentiment. >> it is. that consumer sentiment is showing, especially retailers, than people that are like well i guess not selling cars, because god knows can you get a car? anyhow, those numbers are telling them that all is not well and that they need to be accommodative so i think that is great for the market because we love cheap money. love it or hate it, it's what the market loves so this is saying that the fed has been right so far this year, or perhaps the whole way through
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covid, and that we're not out of covid and they are going to be accommodated. charles: that was my first thought when you said that the fed has been right. whenever these numbers have a big miss whether it's a couple jobs numbers ago, this number you think of these conferences with jerome powell and he talks about these things, listen, we know they want to stay accommodative and never want to takeaway the punch bowl for a number of reasons to go beyond economics so but you always think back, golly, powell was right again, so bury gary b., you're 50% invested what are you buying? >> well i tell you what i still like the cruise lines. they got smoked a little bit, you know, when the whole delta variant came back. i think they've been on sale. the other stock that i don't think, it's probably on a lot of people's radar but not lately is
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it went back on sale is amazon. it got nailed over the last few weeks and i think it looks great and i tell you what also popped up, zillow. i didn't realize to be honest with you how heavily invested, in fact they make most of their money buying and selling homes. i think they are, if the number of transactions are doing just is accelerating. i think that's an interesting play. charles: yeah, and its been beaten down. hey, it's friday the 13th. the 13th time is friday the 13th for the s&p 500. ironically, for the most part, the market goes up almost half a percentage point on these days, but what it makes me think okay, if people almost everyone has been in this game long enough they have their own investing superstition, kim you got to share one with us. something like sort of unique to you, you could call it a superstition, but it still kind
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of works its way when you think about this market. >> sure. so here is a quirk that i have. i can not buy a stock if it's higher today than it was yesterday. i just can't pull the trigger. i have to buy something on sale. i just have to. charles: really, wow. >> it's a thing. i know. charles: i hear you. i hear you okay. we got to leave it there, fantastic both of you have a fantastic weekend thank you both very much. so, you know how stories don't, you know, how the stories don't always have the stuff that you want. everyone is going through this , well not going to get any better folks this as china goes back to the iron fisted covid playbook, so while lockdowns aren't the answers we'll be discussing the economic fallout with brian westbury, plus does hard work pay off, peter morici is sound ing off on our country's educational system and how it's failing hard working children. we'll be right back. >> ♪ all you gotta do is put a
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that was the headline this week in the sidney morning harold as china continues to scramble to enforce really those same measures used to fend off the coronavirus last year. lockdowns, travel restriction, limits on gatherings and entertainment. this week, officials shutdown the second largest container port the third busiest port in the world from a single case positive case of covid. meanwhile, japan grappling with its own massive outbreak and the public there they do not want to lockdown, so, you've got two powerhouse economies that are slowing down, it means that the world is going to slow down including the united states. joining me now chief economist at first trust advisors brian westbury. brian supply chain issues mentioned as one of the main sources of inflation in this country of course with the crazy spending. another problem is not, you know , when you have demand and not the product, obviously, at some point, that's an issue. where do you see this going this new wave of lockdowns particularly around the world? >> yeah, charles i am so glad
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you're bringing this up, because the lockdowns, i think, are the number one threat. i don't even like calling this a recovery. it's not a normal economic recovery, but the number one threat to the economy right now, we saw what they did to us last year, and then if you put it into today's world, we're shutting down supply, as you bring up, with these lockdowns and at the same time, we are pumping trillions and trillions of dollars into the economy, and it's not happening just in the u.s. , it's happening around the world, and this leads to more demand, people getting paid not to work, but still getting money to spend, and less supply, and i think that's just in population airy, and then i really question whether these lockdowns worked in the first place, but that's a whole other issue. charles: well, no but to that point though, when you look at the draconian actions happening right now, i don't know if you seen images in australia. it looks like a movie when the guys come out with the
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hazmat and they put tents on everyone's driveway, china, japan, these are three countries that were actually cheered last year, everyone says they got a right when they had these aggressive lockdowns. everyone said the united states and sweden had it wrong. well i just looked at sweden's death numbers they almost banished completely and i think we're dealing with this so much better than anyone else, and certainly, better than china and japan, so, there is something there. in the meantime i do want to ask you about what's happening in our congress, because you got some of these ev stocks under pressure today, moderate house democrats saying that they be a no to voting on the $3.5 trillion in spending if infrastructure isn't passed or at least voted on first. nancy pelosi created quite a pickle how do you see it playing out? >> [laughter] yeah exactly. well two huge issues let me just address the first one real quickly. look charles i am not anti-vax. i do not think covid was a hoax, but i think lockdowns were a
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huge mistake. we've had respiratory viruses throughout human history. the one we know about today, this yong kong flu in 1968 the spanish flu 100 years ago, they always tend to go away for some reason this one is sticking around and i wonder if all of these lockdowns and the things we're doing are causing more mutations and variants of the disease than we might have seen otherwise but let's put that aside. i hope we don't go back to these draconian lockdowns certainly to the follow what australia is doing and then the second thing, mcconnell vs. pelosi, and it looks like mcconnell by allowing , in a sense, the republicans to vote for that first trillion dollar bill, has put pelosi in a pickle and now she has moderates versus progressives. there is a chance, charles, there's a chance, and i'm hoping that this actually happens. that all of these spending bills
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fail. we don't get tax hikes, nothing ends up passing. we'll see , but that be in my opinion a real victory. charles: so that's something one day i think mcconnell's playing checkers and here he was playing chess the whole time. by the way, the lockdowns in japan, that's a country that normally, they kind of sort of of followed the rules if you will, already the public is saying no, we won't do it this time. brian always a pleasure, we'll talk again soon. >> thank you. charles: getting caught up in the market folks a lot of people want to get in and sort of get rich overnight. well there's a new study that shows many investors are having trouble with the emotional part of this. you've got the iq ms. now you are doing your due dilly against but rob luna and i are going to walk you through on how to improve your investing eq. while we're at it i'll give you one good pro tip. don't drink and trade. we'll be right back. >> ♪
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charles: so america was built on the backs of hard working folks like that factory worker in the iconic photo of course there's the legend of john henry , images of rosie the rive ter, of course times have changed but the underlying work ethic that still was part of that many people think it's around now, even though there are signs it might be fading, and maybe it's being replaced with something else that has nothing to do with maritocrary. in other words the ability to earn your way up. my next guest wrote a piece, " does hard work still pay off in america" economist extraordinaire peter morici is joined by heather zumarraga, so peter let me start with you, because peter, you pose the
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questions so what's the answer? >> well, i think that hard work does pay off if you work at the right things, and i don't mean necessarily being well-born but you can go to an apprentice ship program sponsored by the department of labor in a private company earn $15 for a couple years come out the other end earning $60,000 or win a scholarship to harvard, study critical race theory, write a senior thesis on the 18th century french novel, emerge hating your parents and your country and not have many marketable skills. at maryland, we used to have -- charles: news anchor slots there though, [laughter] >> [laughter] charles: that person does have a shot though, at a few news anchor gigs that's all i'm saying go ahead. >> yeah that's true but it doesn't pay very well, you know? so we'll just leave it at that. charles: [laughter] heather here is the thing. on one part people are being discouraged from working hard
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particularly i see it in new york where the smartest high schools in new york, kids who earn their way there are being kicked out in classrooms and seats are being set aside for others and we see the wage situation. we do see something weird going on here where hard work is certainly being discouraged and i think far too many people are saying okay, why work hard if you're going to give me a paycheck, or you're going to punish me for being better than the other person. >> right, well i think as a professor pointed out we need to focus on the k-12 curriculum and instead of sexism and racism and other isms that we can conjure up, the answer is math, science, technology, teach kids how to code. we don't all need phd's to succeed in life or higher education necessarily. i went to community college for two years before i obtained my under grad at a city university in new york, and it's a lot cheaper. i think i turned out okay, it's still to be determined, but in
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relation to today, in terms of does hard work pay off or not, i think the one concern is are we paying people more to stay home right now, with all of the covid relief, and supplement all unemployment benefits, than to go out and work and you don't want to incentivize people to stay-at-home. you want to incentivize people to go back to work. charles: you know, it's interesting because we moved into a house five, six months ago and i've watched some of these folks that worked on the fountain, you know, we knocked down a wall, the construction workers. there's a whole lot of amazing great jobs too where people to your point, peter, the apprenticeship role has faded away and the skillset is not there and it's amazing what they do, what they produce, but on the other end to heather's point, every year we import 85,000 stem workers, they get to stay for about six years that's 500,000 jobs that potentially could be going to american children, peter. instead, its gone the other way and here is what i'm thinking. you've got the governor of
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oregon who just halted proficiency tests for reading, math and science. saying they are unfair so how do these kids will they ever get accepted to a college? i mean, this is, i think she's dooming these kids what do you think? well about half of the children that are young adults that enroll in college either don't finish, or emerge with a degree and actually earn less than the average of a high school graduate through their lives, so 50% of the students that enter college today, college is a terrible investment. they leave with debt. they earn less. many don't graduate and so forth and the president with this program of two years of free college to get started, all he's doing is socializing that cost. it's a terrible miss allocation of lives, but i don't think that my university should any longer admit anyone from the state of oregon, unless they take the ge d test, the one you take if you dropout and then study at home. i just don't think a high school
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diploma from the state of oregon is worth very much now. charles: it's heartbreaking. i've got a minute to go, you know i'm always reading these kent comments from these manufacturing surveys one that caught my eye from the recent kansas city survey and one of the folks responded said, "entry level assembly workers are not readily available. " heather that gets back to what we're talking about right? these are good jobs you don't have to go to a four year college. how do we fix that, how do we get someone's attention because i think society particularly the elites are trying to make those jobs look like bad jobs that somehow they were dirty jobs and somehow they were beneath everyone else and now we need them and we don't have folks who can do them. >> we do need them you're absolutely right and one idea is that if people are receiving assistance from government on unemployment programs or forms of welfare, then a part of that should be skills training with an expiration date. get them, let them learn a new trade or vocational training if they are unemployed or while
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they're unemployed as a condition of receiving that money, from taxpayers. i think that would really help, but even small businesses, 44%, say they cannot find workers right now, so there are job openings. you just have to go look for them. charles: yeah. absolutely. record amount of job openings, peter, heather thank you both very much have a fantastic weekend. the stock market has driven you to tears, have you lost sleep, maybe knocked back a few drinks while you were trading? guess what you're not alone. so rob luna and i are going to talk about how you can keep a level head and make more money and landlords they won a slim court victory but many issues remain including if tenants will ever truly pay and if so, i mean , another question of course is why are these states sitting on billions of dollars? some are wondering if the housing boom has peaked 182 out of 183 metro areas did see strong gains last quarter and oh, by the way one city, the
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both times and it leaves investors out of the market and these amazing life changing rallies so investors now are finally getting back into these funds and etf's the rolling 12 month average is over $100 billion right now. my question though, are they going to hang around or start guessing, folding their tent and making the same mistake they made over the last three decades joining me is ceo rob luna of sure vest. rob listen, by the way it's not just obviously retail investors. all day long, you know, investor , investment pros are guessing market tops, and they're making these predictions i mean, from your vantage point, if you're an individual investor and you're sort of late to the game so to speak, should you still be getting in here? do you think individuals should still be buying and piling into this market? >> well look obviously, charles as you know it depends on your timeframe if you're in the
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market the next five to 10 years it doesn't matter and if you are trying to capture market returns it probably doesn't matter but i don't think the people watching your show listen to me trying to just be average so you know, i very rare ly in my career have bought the entire market times like 09 yes pulled back last year yes where you see these huge declines but look this is a market of stocks. charles: but you have exposure though. >> what's that? charles: you do have exposure. i'm not saying by the entire market should they own some stocks? >> absolutely always have exposure, but right now the markets expensive but what i did yesterday with my own money charles is i looked at a company like the day before coinbase reported great earnings, people didn't like it because of a news headline yesterday, sold it off 8%, that's what i do. try to buy great companies that the rest of the market doesn't understand, invest in those , today the stocks trading up. that's what you have to do is find your opportunities in things you can have conviction in. charles: yeah and for me, by the way, my montra to everyone watching is make investing a
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life long endeavor. >> yes. charles: not for the next year, five years but for the rest of your life. i do love what i am seeing because investors have been coming in and we do have this investment revolution. now the only problem because folks are working hard doing their own due diligence they are following those , so the iq is going up. s eq is what we got a problem with so a survey says 66% of investors have made impulsive decisions that they later regret how do people get around that, rob? >> yeah, look. that's the biggest problem, charles is that people are their own worst enemy. they are making emotional investments. it comes down to a couple things number one you said educate yourself because you have to have conviction in what the you're doing if not you get shaken out of things. the most important thing is you need to have a plan that you follow, irrespective of the noise. i have a trading plan, i have a dividend income plan and i have a growth plan and i follow that irrespective of what the noise
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is. charles: 32% of individual investors admit that they've actually traded while they were drunk, 37% said they've lost sleep for one reason or another even 30% said they've cried. now i think i've done all three in the same day. i'm just joking, but what do you say to folks like that? >> yeah, i don't know. when it comes to crying you know there's no crying in trading charles. you can't be crying, but in terms of losing sleep, i think i've slept 10 hours in all of 2008 so i absolutely understand that one and liquid courage you'll take on too much risk i don't recommend drinking while you're trading. charles: yeah, okay, real quick i got a minute to go. how much time should the active investor/trader put into this market so they can get a lamb border patrol guinea like yours? >> it's a ferrari charles i didn't get the ferrari in trading. charles: you know all of the difference, my man. >> well i got that from building a business and working my you know what off for 17
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years but i'll tell you what trading is great. it's part of a plan, the one thing i want to say about trading though, guys is theres not a great trade present every day. have a trading plan, look for your opportunities and stick to it. charles: don't force the issue i love that. sometimes nothing is a real cool hand. rob enjoy your ferrari we'll talk to you next week. all right folks of course, so many ideas so many trends so many discussionings, this one hour show is not enough and believe me i've got great guests too, i also have some ideas so i write them down every single day and been doing it for over 30 years my daily market commentary you're invited to read it for free go to go check it out today and register. so after the break, new york landlords getting a partial victory in court but will the state now ever distribute the billions and i'm talking billions of dollars they are sitting on what about all these other states we'll sift through all the hypocrisy next, and what is the golden anniversary of president nixon getting america
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off the goal standard, our own gold bug, scott martin, will tell us if it was a wise move to get away from sound money. i've got a feeling i know what he's going to say. we'll be right back. >> ♪ ♪ my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange.
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charles: the supreme court yesterday blocked part of the eviction moratorium in new york state that had been imposed in response to the coronavirus pandemic, but the decision wasn't a slam dunk for landlords and there are other issues that must be addressed. with me now wall street journal opinion writer jillian melcher. jillian, apparently there are some parts that are less intact. walk us through the decision. >> so what landlords were challenging is first and foremost, if you had a tenant that declared covid-related hardship you could not effect them, event them, even if they weren't paying rent, kept having to pay for property taxes but you could not evict this person and what's more you could not take this hardship declaration to court and challenge it, so i was talking to landlords who saw tenants buying new cars, steady
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stream of amazon packages, they know they can afford it and basically the supreme court came down and said that the lack of due process so we're enjoining this injunction but i think bigger concern is you still have the cdc moratorium to contend with, just an enormous backlog in the housing courts and so a lot of these mom and pop landlords, small landlords are just stuck in this impossible situation. charles: yeah, i guess blackrock will buy the house when they can't take it anymore. so from what i read there are 830,000 households in new york state alone that owe more than $3 billion. but i remember this reminds me by the way of the 2009-2010, 2011 a lot of things like this that got stretched out. people lived in homes for three or four years and didn't pay any mortgage and eventually just left. i mean, you got to believe a lot of these people will never pay. they aren't saving this money, jillian, if they are ordered to
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pay three months from now they won't even have the cash. >> yeah you're absolutely right there is federal aid available but a lot of the landlords i'm talking to are saying if i end up accepting this federal aid there are terms and conditions in some states. in new york if you're a landlord and you have a tenant who hasn't paid rent who trashed your apartment you have to let them stay for another year if you accept that money and a lot of the landlords say they are financially devastated. they might, themselves have to declare for bankruptcy and they don't think they are ever getting the rent money back. charles: what about this $2.7 billion new york state got from the federal government, in part, i guess, to help the tenants so that they could pay their bills? so far only 100 million has been distributed. we see this as state after state , and california, gavin newsom is using some of that federal bailout money, i think, as a transparent attempt to sway the recall elections that everybody had a check. where is the pressure on the states to do the right thing >> they really, there's a lot
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of red tape around it and delays but you also see in some of these cases the tenants going to the landlords saying screw you, you're trying to evict me i'm not going to apply for it. that's something else that the landlords have to take to court and to fight so it's just a really difficult situation, these are not in many cases big companies with hundreds of apartments. this is one of the plaintiffs in the new york case is a retired combat veteran. she wants to move into the house , can't evict the tenants and she's effective ly homeless now. charles: it's crazy. it really is. every time these crisis arise, something like this happens and the wrong people are punished for it. jillian, thank you very much always appreciate and love your reporting. hope you have a great weekend. >> thank you. charles: folks after the break how taco bell is showing investors how to invest and own the future. taco bell. we'll be right back.
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♪ ♪ it's time for your extracurriculars. ♪ ♪ ♪ ♪ ♪
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charles: all right, so all week we've been talking about ways that you should own the future. part of the future, of course, includes how we're lured a off of our sofas and to certain industries or businesses where they're somewhat struggling. the answer, of course, is going to be technology. check out, for instance, this taco bell defy. now, they call it that because
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it defies the norms and will define the future. technology actually allows it to serve more customers. it looks so cool. imagine you go there late friday night after you've had a few, right? and then there's this nike store in seoul, south korea. it's designed to merge digital and physical for what they call a unique, immersive shopping experience. it means really big money for investors if you know where to look. i want to bring in king's view wealth management's scott martin. a lot of it is this radio frequency stuff that you see with those amazon grocery stores where you put everything in a basket and you leave, right? how can the audience get a piece of that action? >> yeah. and it's action that's going to happen a lot going forward, charles. just as kind of the post-a pandemic retail environment emerges. and just as an aside, anytime you talk about taco bell or we vet into a stock story, you've got my attention.
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[laughter] that's yum brands, by the way. rfid technology looks good to us, charles, is in semirah technologies. -- zebra technologies. has rallied a lot in the last several years, even pre-pandemic just because these guys are dominators in the space. so cbr are a is one -- zbra is one we like to further take advantage of the trends going on. charles: i'm going to toot my own book for a moment. i have an entire chapter dedicated to zebra in my book, "unstoppable prosperity." folks, you have to read how i discovered zebra, how you can discover things every single day, connect the dot cans, and you can make a fortune. let's talk about these retailers and restaurants themselves though because, i gotta tell you, i think these retailers, a lot of them are going to survive. the stocks are already fantastic. a year ago everyone hated kohl's, i've seen upgrades on that. what are some of the names you like there, scott? >> yeah. a lot of ones that were hated,
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tjx, which is one that we own and have owned for a while, charles. a couple other names, i guess i'm a little -- [laughter] not embarrassed because they've been awesome, but they were funny at the time when we were talking about this retail reher generals. how about blooming onion? yeah, outback steakhouse. those are companies that have tone the following, charles, they still have the in-room dining experience, but they have totally shifts their business lines to the pick-up and the carryout and so forth like that. they've got good food -- [laughter] that's why i like taco bell. i'm saying that kind of with a straight face, but that's food i like also, believe it or not. so those are areas in restaurants that i still believe are set to emerge and ones you need to take advantage of when you see pullbacks like we have in the last couple months. charles: we talked about the future, let's talk about the pass. this sunday will be the gold an versely of nixon taking us off the gold standard.
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obviously, i think it's too late to to ever go back, but if we could, would you? >> you know, i wouldn't. and and i think we've got to be grateful that we're not. yeah, i've been called goldmember on twitter and facebook and instagram because we love gold, you know? if like austin powers used to say, mike. mike mike myers would say, gold has value. it's not stock and it's not fixed income, it has its own kind of correlation value amongst traditional as asset classes and, therefore, that's why i think gold going forward is going to be a great addition to your portfolio. charles: i'm going to go back a little further and talk coal real quick. it's up 114%. i think it keeps going in part because of china. is there a way for the audience to make money there? >> sort of. you know, it's funny with coal, i don't have of the onions, let's say, to jump into coal given the crazy move. you looked at coal prices like you mentioned the last few weeks, it's wild. charles: right. >> are i actually bereave kind of the forgotten piece to
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this -- believe kind of the forgotten piece to this scenario is natural gas. it's easier to get, there's more of it, so ung tracks the futures price of natural gas. it's trailed coal, it's trailed this whole move. it's the hated kind of partner, the hated kind of alternative, and that's one i'd look at as maybe playing catch-up here. charles: scott, you gave us a lot to chew on, pun intended. liz claman, over to you. liz: okay. so, charles, it's friday the 13th, right? we have no fright fest at the moment on this friday the 13th, but the markets are basically starting to slip a bit lower as we tick off the final hour of trade. any gain, we reminded you, for both the s&p and the dow will be new records. the dow just turned negative a few minutes ago, but we are continuing to watch all of that and more. there is a fin-tech though that is tearing the pants off some of the big bankers in america. i'm talking about


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