tv Making Money With Charles Payne FOX Business May 3, 2022 2:00pm-3:00pm EDT
neil: all right. >> the reality is, is that, i think the brief i read it would allow each state to make their decision. that is where constitution is set up as i gather. neil: senator, thank you very, very much. apologize for the audio issues. bill cassidy beautiful state of louisiana. leave you now with the dow up 136 points. we go to charles payne with more. >> neil, great to see you, my friend and good afternoon, everyone, i'm charles payne, this is "making money." participation is so intense, not only feel it but taste it in the air. ape april felt like hell on earth. if the fed gets stronger it could get worse. pros say retail investors need to be slammed even more. president biden wants student loan forgiveness. why more students are actually skipping school. those who are going are not that
enthusiastic. rebecca walters sounds off. members of congress seeing gains in company stocks that lobbied them. ceo of robinhood took home almosthundred million dollars. -- $800 million. nobody said the investing thing was fair. all that and much more on "making money." ♪. charles: so the fear and greed index edging up into extreme fear territory. still though most wall street experts want to see more pain, right? they want to see the final puking if you will. i don't think we'll get that kind of scenario where all of a sudden there is a loud thud of individual investors breaking down the doors, head for the hills and smart money strolls on in to pick up the pieces. wall street would like that scenario. think about this, new investors were actually the ones who sparked the revolution as the experts were heading for the hills back in march and april of 2020. there has been a record amount
of damage to this market this year and a ton of carnage every the last year to boot. investor sentiment reads are bearish. in the top 10 in history. of course there is the market itself which has destroyed retail favorite stocks, now it is destroying megacap names for the road as well. the broader market, russell 3,000, think about this for a moment. 1/3 of stocks with the russell 3,000, broad market is 52 week low. retail investors they say need to pull more money out of the market. last month, vanguard 500 index saw largest withdrawal of any vanguard etf. that is rare. since they introduced these things it happened a few times. individual investors have more dry powder. drastically reduced outstanding margin. i think they're ready to pounce instead of heading for the
hills. i will bring in nancy tengler, jamie cox. nancy, this is two for one kind of thing, a question for you. are you in the camp that individual investors must endure even more pain? i want to know what you think of yesterday's late rally, was that a head fake or a sign of something more positive to come? >> yeah, charles, thanks for having me. some of the traders and strategists that arguing and individual investors need to get pummeled more are talking their book. let's not forget hedge fund trade for next two to three weeks, last week on average returned 11 1/2%. if you had been in s&p fund, that would be up 28, 29. we have to put that in perspective, go back to what we know. that is, if you stay in the market, you're always going to do better than if you try to time the market. if you go back to 1995, if you missed the five best days, your annualized return next 25 years
is 1.8% lower. i would encourage your viewers and individual investors to use this volatility as an opportunity to buy what they want to own for the next three to five years. just put the mute button on when the rhetoric gets to be too much. charles: would say the mute button and the seatbelt. jamie, we had a screen up, showed something really intriguing with the nasdaq 200, hits a 52 week low, turns up closes up more than 1%, almost every single time, day after, weeks after, it's down. what might look like a buy signal could have been some sort of flash in the pan. what are your thoughts on all of this? >> investors are getting especially if you're a long term investor, once a couple year opportunity to buy certain sectors. only a couple times to buy software stocks, like adobe or shopify or others 20 or 30% down. so if you owned those shares, you like the companies, you see them as being around in five to
seven years this is particular time you should be scooping those up. in addition to that, the nasdaq is going to sell off because of interest rate increased potential. the fed is forecasted markets pricing in about 10 times which is going to be very difficult for them to go do. so if you're sort of worried about what the nasdaq stocks are going to look like in couple months or even over a year's time, the fed does not in fact raise interest rates that much, you probably could look at this as a really good buying opportunity to realize nice gain as a result. i have a feeling inflation is actually coming down and peaked already. we'll see the fed maybe go a little hard at the beginning but then have to back off as we go towards the turn of the year. charles: i like everything you said there but also the notion microsoft shouldn't be, growing all facets of its business it shouldn't be able to grow the stock itself with rates going just a little bit higher from here. >> nobody paid any attention to earnings, charles. microsoft had a stellar quarter. charles: they really did.
what is also happening this forward p-e ratio starting to come down, talking about earnings and guidance. right now for the s&p it is under 18. nancy, i want to ask you about that, when does the market look attractive? in other words, you breathe a sigh of relief the risk certainly outweigh, the rewards rather, certainly outweigh the risks? >> i think now. you do it with the 401(k). put a little bit then you wait. put a little bit more. then to jamie's point i've been pounding on technology stocks for a long time and microsoft in particular. i don't know what was not to like about that quarter and i think if you look at the secular narrative and the secular trends in our economy, cloud, software, data aggregators, data directors on the cloud, those are all places you will want to be for the next five or 10 years. if you're getting a dividend on top of that, dividend growth has been super robust this last quarter in addition to guidance,
we've seen many companies guiding up not just for the next quarter but the full year. youyou have to be picky. this is a stock-picker's market. probably not the time to own etfs and probably the time to own individual securities. you go for quality companies, can pay the dividend, raise the dividend and companies in the sectors that will drive economic growth and productivity. charles: right. let me ask you both about this movement, the rotation into value. started last year, picked up a lot this year you know, it is obviously worked but over the last decade or so value or so significantly underperformed growth. my concern is two-parter jamie. i worry when people say they will make wholesale changes. i will get completely out of growth into value because after longer term trend on the screen. i worry about people think they can hopscotch, out of growth today, into value tomorrow, somehow get back into growth at a perfect time. what would your thoughts be?
what would you say to investors think about that right now? >> a lot of people don't realize every value company wants to be a growth company, right? every stodgy company wants to be a tech company. there is a reason for that because the productivity gains these companies bring to bear increase profit margins an increase stockholder equity. that is really where the magic is. making sure companies you own make money. it doesn't matter whether it is value or growth. in the last couple weeks, maybe as much as a month, you have seen correlations in every stock sector race to one. that is when the real opportunity presents itself to scoop up things that shouldn't be down as much as they are. so even consumer staples which had been relatively strong this year, sold off a little bit in the last couple of weeks as well. so, that is what investors need to be paying attention to, when mispricing meets the sectors that really shouldn't see it. even in some energy names you saw selloffs. that is what i encourage people to do. when you have these massive
selloffs that take everything down, the pricing isn't correct across every sector. it is right in some places but wrong in many others and that's when you need to be paying -- if you know the stocks you own, you know the companies, that is when you can pick oval you and make money for yourself or for the people you manage money for. charles: sure. tomorrow, fed day, got your thoughts, jamie. want to go to you, nancy, will you be long? are you buying anything into the meeting? >> we've been buying for the last six weeks in anticipation of the meeting. we think this will be the beginning of the end of the volatility in the near term. so we've been repositioning in the very names i talk about when i'm on with you. we shuffled around our consumer discretionary, moving away from companies like starbucks towards companies like mcdonald's, chipotle. we've done the same in technology. we added to names like crm last week, service now. selling, taking gains in palo alto networks but still owning it. we did the same in the
industrials. durable goods numbers today were excellent and you see the industrial stocks rallying. i think you want to be exposed in that space as well along with materials overweight and overweight energy. names you like, in any of sectors you will be happy you own them, a year, two or three from now. charles: durable goods, factory orders, they look really strong this morning. nancy, jamie, thank you very much. that is the kind of thing we need and love on this show, helpful, concise information. we'll talk real soon. >> thank you. charles: also this morning, a record number of job openings yet president biden is ready to forgive student loan debt. many students are saying no thank you to those loans. they say they want to live. more on that coming up. what are the key charts you should look at heading into this session ahead of the big fed day? we have katie stockton next. she will walk you through it. so grab a pen.
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testing lows from earlier in the year. feels like this is a moment to truth. it will break down a whole lot more or we make a stand here. i want to bring in katie stockton. katie, i have charts i would like for you to help us out with. nasdaq 500, carries heavyweights for most of the year. 13,600 would be encouraging, 14,300, a buy signal. am i close? >> i mean any bounce is better than the alternative, right? if we see a little downside follow through by the nasdaq 100 it would take out that support that has been roughly around 13,000 decisively, it would take that level out. so we don't have any wiggle room whatsoever in terms of the proximity of important support levels not just for the nasdaq 100 but also for the s&p 500. so they really need to rebound here. they need that bounce in order to preserve these levels which we see as cushions, not really precise points and unfortunately they have lost the leadership of those megacaps.
so the payne complex, microsoft and tesla, they have underperformed recently very dramatically. the recent downdraft especially in april what we saw preceded it. i think that is a cause for concern. charles: do you have a number a worst-case scenario kind of thing if we slip a little bit from here, this comfort point? >> yeah for us, for the nasdaq 100 in particular the secondary support is roughly, well it is pretty well below 10,600. charles: oh. >> yeah. we don't want to scare people but you know, next support level is isn't necessarily a target. charles: sure. >> it gives a sense there is downside risk if indeed the level in mind does not hold. that is what we use support levels for. we also use momentum gauges. as you can most of those momentum gauges are currently pointing to the downside.
we would welcome that oversold bounce. charles: i want to ask you about chips, ipg at one point was the number one percentage gainer in the market. we have other semis reporting as well. if we get through 240 could that spark buyers? we're looking like almost in a perfect down channel right now. >> you know, igp getting above its 50-day moving average. that is a positive for that name. that is a countertrend move, however. it has been trending lower for some time, impact on smh for the semiconductor sector as a whole is somewhat minimal. the smh in particular has taken out a couple of tiers on its support on its chart and it does have downside momentum. we need to see a nice bounce to it prevent another breakdown of support. ha is in line with 233 below that again we're talking about a pretty big jump to the next support level. we really want to seat bounce
here, some relief from this downside momentum wholly and if it is earnings that trigger it, great. so far earnings have not been well-received by the market if you look at the price action since april. charles: katie, i have one more caution for you then. as we head to the fed, most important thing from technical view we should be aware of? >> it is about top down analysis these days because the market is being driven by forces that are not really fundamental. i think it is all about the macro picture and all about geopolitics. it is important to focus on the major indices, focus on the s&p 500 and the nasdaq 100 and those key levels. that is what is most important to us. all eyes on the 10-year treasury yields when they creep up to the 2018 high which is resistance roughly 3.25. charles: i hope so. katie, thank you very much. appreciate it. >> of course. charles: folks, coming up my take on vlad the impaler. ceo of robinhood made a billion
dollars over the last year. wonder what users of his platform made? tell me what you think about that. vlad a billion dollars next. the fed has to do a whole lot tomorrow, folks to make everyone happy. i'm not sure they can. we'll give you a preview of all the potential actions and reactions when we come back. ♪.
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they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763 charles: this morning folks, latest on job openings in this country. turns out we set another record in march. not only for openings but quits. the latter if you remember was a favorite gauge, sort of for janet yellen of main street strength and confidence and it played a really important role what she thought the fed decision making should be.
bring around the president of through the cycle, john lonski. bring up on the jolts report, there was a comment from larry summers saying wages are the super core of inflation and that the fed should hike and hike and hike until they see evidence that the wage growth was slowing down? that is a dangerous territory, isn't it? >> some find it to be very dangerous because you're blaming inflation on wage growth. people don't like it. they don't think it is fair. but reality is, unless you get a rapid rate of wage growth inflation will not last very long. i think there is a couple of factors at work. one of course the wages go higher. costs go higher. companies try to pass on the costs of higher prices which they can do all the more easily if consumers can afford the hirer prices and how do consumers afford the higher prices? through higher wages. the wage price spiral. charles: wages are not keeping up with the prices right now. so what happened to the old
thing that higher prices were the cure for higher prices? >> well some people are able to afford these higher prices. that is what we're seeing right now. charles: but are they doing it, john, because we've seen, we've seen savings come down considerably. we're starting to see huge jumps in credit cards. i know we have a lot of room to go particularly looking at debt-to-gdp, credit card debt-to-gdp we're nowhere near the all-time high, feels like we're compensating what we have left in the bank or using borrowed money. is that the calculus, you have to beat down peoples wages to get down inflation? >> unfortunately unless you break the spiral, the wage price spiral, as i said you beat it down, how do you get rid of it, through labor market select higher unemployment, which implies a recession. unfortunately, i was there in the 1970s. each time you had inflation flare-up along with wages, that is how they got it back under control. charles: right. so let me ask you about the
businesses then, from the business side. i saw this great, i saw a great tweet with a picture of a restaurant menu, they were using stickers, with the prices were. because the prices change every day. we can't print new men use every day, so? not necessarily, you know, it's crazy notion but how are businesses dealing with this environment? because we had a small business owner yesterday, you could tell, you felt bad for the guy because he just opened his business, every time a shipment comes in his prices go up and he can't always pass that on? >> he has got a problem right there. that is scary they use the stickers on the menu to update prices as costs move higher. in the case of the restaurant industry i don't see any end to the food price inflation. look at price of wheat, commodities, that is up 60% from a year ago. milk is up 35%. charles: they can't do anything about that? >> the guy having problems
passing along higher costs that is a sign of trouble ahead. if he can't pass along higher costs he will be forced to cut back on orders. that may drive him out of business. charles: i did ask him that, he didn't really answer, which i don't blame him. we wish him a lot of luck. 30 seconds. the street is modeling a technical term for rate hikes rest of the year. will we get that. >> i don't think so. we'll be surprised because of the highly leveraged economy we have today, upside for interest rates, for fed funds, for the 10-year yield is more limited than commonly thought. i doubt very much if the fed funds futures market has it right. they have what, fed funds peaking over 3% by the end of year? forget about it. they're talking about a 75 basis point rate hike at the june meeting. i don't think that is going to happen. they're getting carried away, we'll find a slowdown in the economy apparent in the second half of the year. charles: i hope you're right for all of our sakes. thank you, john, you're one of
the best. thank you. >> thank you. charles: bring in walser wealth management rebecca walser. obvious the fed has to remove accommodation. this is their frankenstein's monster. if they push the economy into recession, it seems ironic, it would hurt people jay powell said would help through fed policy. reason some folks say abolish the fed. since it has been created. it never lived up to the hype. it didn't stop crazy business cycles and or stop recessions and now we have a yo-yo economy. what do you think? >> exactly that, charles. we went too far too fast. so much, 102% s&p 500 gone up from the low of march 2020 through the march of 2022. in that two year period we recovered completely, 102 upside for the s&p through march. that shows you, straight up recovery line, it is inflationary. it is being brought about
non-economic factors being stimulus. being very dovish. that extreme dovish nature led us to an extreme hawkish pullback to fix what we overdid to stimulate through corona. charles: right. >> that is the problem. we wanted to keep at bay a depression. we might have set up circumstances especially russia going into ukraine, all of that happening, we just didn't need that complication with us trying to figure out the monetary situation here in the u.s. charles: even long before that the war on ukraine happened, people were warning this was a scenario that the fed was setting themselves up for. they were saying this is transitory a year ago, it obviously wasn't. made huge mistakes. people wonder if they will bounce us around like this, why the hell have a fed in the first place. ask you about president biden. he will do something about executive order to forgive student loans. how much we don't know. it will cost between 300 and $900 billion. he will argue that will add stimulus to the point obviously where we don't need stimulus.
i saw something from the earnings report from college. they are checkbook maker. they say college lost appeal. students are saying more people are shifting priorities over earning over learning. what are your touts there? >> you know, charles. i agree. i think schools right now will have a problem what we call the fourth does real revolution. a.i., cyber, obviously crypto and blockchain technology. cryptocurrencies, smart contracts. this is where this world is headed and colleges are teaching fundamentals basics the first two years, math, sciences, histories. then they're getting into the program after two years. you know, after you got associates level basic. then you get into the programs, you have three years before you even get into what's going on. this world is moving too fast, charles, with a.i., the fourth industrial revolution with really blockchain. really a game-changer. combine that with a.i. colleges are getting left behind very fast. these student loans are proven to stay with you almost the
whole lifetime unless you aggressively attack them pay them down. if you pay minimums you could die with student loans having a balance. this is why our colleges lost it. charles: that is with all the loans, if you only pay the minimum you never pay it off. >> exactly. >> rebecca, thanks for your passion and thoughtfulness. >> thanks, charles. charles: they named it robinhood, the sheriff of nottingham would be too long. is that 12 letters? on scene pay package for founders. like twisting a dagger into those who use the platform. tweet me your thoughts. the supreme court, you saw that ruling leak on roe. ohio primaries today. midterms are here, it means a big deal for markets. we'll help you out talk all about it when we come back.
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♪. charles: the market is still smarting after the harshest april in history in so many ways. no there is a general sense selling at least on a near-term basis is overdone but the problem at least with a lot of experts they want to see more pain for individual investors. you always know when wall street is underperforming, they bring up the dastardly retail investors. it is clear the backdrop for investing has changed. what is not clear, what the adjustments are. how long they will be in place, what you should be doing with your portfolio as a response. i want to bring in two of the very best, phil blancato, david bahnsen are here. phil, are you in the camp we need one more crushing blow before it is all out and waltz in to pick up the pieces? >> that is standard deal for most capitulations. i think this is more like 2000 where you have a very secular
transformation. stocks trade 70 times earnings, come down to 50 times, do not meet my definition of cheap. that is entirely possible. the nasdaq didn't make a new high for 15 years after 2000. charles: right. >> i don't think we necessarily face that again. there is no reason to believe you some of those tech things are all of a sudden cheap. it is not about the growth market but value part. we're up on the year, health care, consumer staples, especially energy. i think it is because quality will do well for a while and poor quality has to watch wash out, that could take a while. charles: we were making new highs as 70 p-e stocks started getting crushed. they were crushed early next year but still the megacap names carried the day so when it comes to something like there has to be a point when they're oversold, even if you think the rest of the stuff out there is junk, do you need to see them
take another big hit, phil. >> no, keep in mind names you want to own are getting significantly cheaper. charles: do you wait for them to get even cheaper or start to say i will nibble here because -- not there yet? >> two 50 basis point hikes call it next 60 days. on other side of hikes in july, there is growth, chance to see inflation ebb, be on beginning of the fed pausing i think at least. you have a chance to reenter the growth rally. i'm still with value with david. charles: the other hot trade right now everyone is talking about are dividends, right? goldman out saying you have to boost their dividend growth forecast for the year. this is another area you were ahead of the crowd, david. >> since 1973. charles: [laughter]. so, how does it feel the bandwagon is filling up? >> i don't really like it, to be honest. i believe philosophy of investing in capital. free cash flow mattering. growing income mattering.
goldman actually called it a trade. i can't understand the idea of dividend growth is trade. we believe the companies are high quality way to capture equity market return. charles: sure. phil? >> 70% of the time owning a dividend in rising rate environment is a winning trade. we know history is on your side. as revenue contracts, dividends push higher. companies want you to own them to pay a bit more to keep owning. >> what happened over the last decade or so when buybacks are preferred way to returning capital to investors and those companies that buy back the stocks, seen extraordinary gains? >> because they were in the tech sector. the tech sector was doing well but the fact of the matter, returning shareholder buybacks was a myth. employee compensation, executive compensation, stock options, grants, it was a value mechanickism. over 80 years want to give capital back to shareholders, dividends are the best way to do it. since the bush tax cuts in '03, more tax efficient.
at the end of the day it is a dependable way. covid stock buybacks up and down. charles: sure. >> dividend side much more particularly when you focus on dividend growth. charles: i have a dividend letter. the growth the last year has been off the chain. oppenheimer, they like the banks here. they upgraded jpmorgan, morgan stanley and sibb you were a bank buyer at some point. the whole finner ingy trade. energy employeded. is it time to buy them now? >> sure. remember that, fed pushes rates higher, not initially see a tick up in revenues based on earnings they get out of with cash. they're loaded with cash. first quarter was a lot about trading revenue hurting them. second, third, first quarter are consumer lending. >> they still lend to consumers? >> regional banks. i like the regional banks for sure? you will see corporate revenue pick up. charles: i got to ask you both before this segment is over,
we've got the ohio primaries. we've got that leaked scotus own roe, we see polls where republicans have the biggest lead ever over democrats for midterm. what will this mean for the economy and markets? start with you, david. >> the margin by the republicans take over the house in november will matter. it will speak to 2024 likelihood. i also it will be very telling in the senate primaries where president trump fits into some of this. regardless of ohio, i'm looking at georgia, pennsylvania, if some of the candidates don't win primary, but republicans do well, that speaks to trump maga environment, but a trump environment. charles: j.d. vance thing could be huge. just 15 seconds, will this help the market? if we do see a divided washington, d.c., republicans stop the biden agenda, will that help the market? >> will not initially.
you will see another selloff because of it. that traditionally happens. midterm elections are selloff. off the september lows, we rally there on average. charles: you guys are great. i really appreciate it. thanks a lot. >> thank you. charles: meanwhile the market really intense, right, you can feel the intensity. friday we rallied into the close. yesterday we crashed into the close. we'll bring you specific ideas to watch. i have a entrepreneur, i can't wait to help her share her story how she helps young folks build their wealth and her community at the same time. her inspiring story is coming up
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even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. charles: s&p in a choppy session. i will bring in michelle schneider. i happen to agree we're in a bear phase. that is pretty evident. how long will this last? what is the best way to approach this kind of a market until the coast is clear? >> let's do good news, bad news. start with the bad news. the bad news is, is that very typical of the stagflation period which clearly no one will
deny we're in right now, you often see these very stubborn trading ranges. it can last for a long time. from 1966, to 1982, i will not say everything is the same since things have accelerated back then, if you put $100 in the market in 1966, you yield 120 at one point, went down to 70, did nothing in terms of return for your money until 1982, it finally busts out, talking about the dow. if you compare it right now, you have to realize the bad news is, we're in a trading range market. passive investors will have to potentially have a lot of pain, active investors can do pretty well. can buy on the bottom of the range, sell when it rallies. charles: right. >> that is the bad news. the good news is, is that when you look back at that period the peak of the dow to the bottom of the dow was a 40% range. so i was thinking all this time we may have to go much lower to
meet that. and then i realized, if you look at the rate of inflation, we actually made a 40% move, particularly if you're looking at nasdaq. that could mean, that we are at the bottom or near the bottom, not in everything. charles: sure. >> which could present good opportunities. we're not talking long term investments here unless you want to sit at 30. talking more active type stuff. charles: follow up on that. this is second worse year ever for the buy the dip crowd. you were expressing caution about that particular approach but, it also, you know, feels like maybe we're at the bottom of that range you described. feels like maybe we're a coiled spring. what happens if that, if we somehow get out of this, what would take us out of that? >> well, one of the things i like to look at is junk bonds. we talked about this many times, because the bond traders somehow
know ahead of time. right now the junk bonds have been basically trying to bottom here. if they don't, i would certainly not think we're ready to coil. if they do, we get through the fed meeting tomorrow without a lot of damage. i would say it's a good time to look at some sectors that have good lows here, but you know right away if you're wrong. that is why we're looking at semiconductors, potentially, which are actually doing a little better than some of the other sectors right now. queer looking at solar, cannabis, country funds, which actually could have bottomed out. there is a whole host of things we're looking at across all sectors. if we're ready to coil, wait until we actually coil. charles: i got 30 seconds michelle, you brought up the fed, if we get through it tomorrow, what are you expecting? if we get 50 basis points in relatively confident press conference, what would the market do? >> i think the market actually could rally at that point
because probably price in. i would also be particularly interested in to see what they say going forward. i would definitely keep my eye on commodities. we want to talk about a coiled spring. that is where i see gold right now. charles: early stages of commodity supercycle, it has been super. michelle, thank you so much as usual. appreciate it. >> thank you. charles: my next guest parents emigrated to the united states from the caribbean. her father drove a taxi. her mother did child care. tiffany james, founder of modern black girl. she rocketed taking her account into two million dollars in two years. recognizing all businesses. small businesses all aspire to be big businesses one day. so update us on your journey. >> yes. thank you for having me back,
charles. mbg has been fantastic, you know. we've green -- grown significantly with our clients. this has been something missing from black communities. we're at a quarter million active people in our community. charles: wow. >> so we're so, so, excited. and we're growing. you know, we're going for more digital to more in-person. we've been behind computer screens for so long. we're doing a lot more live in person activations. all is well. charles: you're moving down where you started teen universities. so what's that all about? >> yes. teen university is one of my favorite things that i do here at modern black girl. it's teaching the youth how to invest. i always say that it starts from young and you know, we have a program where we teach young girls from the ages 14 to 19 about investing. it is a 30 day emersive course and myself and other mbg
instructors, we teach girls about the market. we give them $500. at the end of the year two lucky girls get 10,000 doll college grants. charles: unless wells, post a list of returns lawmakers made on trades on companies that lobby congress. we're talking obscene amounts of money. you're like me always urging people to invest in the market. how do you cope, how do you get them, when they bring up things like it is unfair? like it's a rigged game. what do you tell them. it is hard to argue that it is not a rigged game? >> absolutely. i mean, to be very honest, charles, for black and brown people a lot of things is tinted, it is tilted and something like unfortunately that is just the world we live in. so for me i always say we have to work smarter and really be able to say, hey, we can get into this game now, right?
we can get into this market now. instead of worrying about what is happening and hopefully the lawmakers can do something about it. charles: yeah. >> if they don't, at least we're here now. we can manuever in the space and focus more on that. >> in 1977 when i told my mom i was going to work on wall street no one believed i would. no one had any faith in me except my mother. that was enough. i have little time left here. i do want your thoughts on this market. you made so much money in this market. are you comfortable what is happening right now? do you see opportunity building up on the pullback? >> absolutely. you know, depending on when you started investing, this is a beautiful time for you. you know, if you invested anytime before, of course covid. a little shaky. but my audience is targeting that new investor. it is the best time for to you get started because we all know the saying, right, you buy low, sell high. this is perfect time to set
market conditions. learn what is happening. look at history. so when we do get out of this period, we know exactly what to do, moving forward. you know, as you see, fundamentally companies are doing really, really well. there are great companies back at 2019, 2020 lows. eventually will have its time. focus on education. we'll be okay. charles: i think timing is right. particularly if you're 14, learning about this now, that is a beautiful thing. tiffany, thank you so much. >> thank you for having me. charles: folks, planned parenthood shares, let's face it they have been an unmitigated disaster, down another 4%. guess what? a late night filing shows the ceo making some pretty good bank. my takeaway how hedge funds won again and how retail investors got played again.
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the ceo took in $786 million in total compensation in 2021. that was filed late last night. this representative a considerable increase from 767,000 the year before. let's face it around year for retail investors. i cannot imagine anything feeling as painful as learning a hundred million dollars, you talk about twisting the knife. in addition to the hundreds of millions year you made since going public. he has raised fortunes for those who invested in this company stock. you're only down 73% for chase to begin to value down 5%. it is a shame how much wall street was able to hijack and totally rip off individual investors enthusiasm in the last few weird engineers. now that the gun with a high-priced euros and all the double standards now it's looking for you to toss in the towel leave one have a panic selloff, who's on the other side
of that, the streets. you have to be in the market for a real chance to change your life, there's no doubt about that. all i hope is that you learned lessons they were hard lessons where those bruises like a badge of honor and make the adjustments that you need. it will never be a level playing field but we will always hit it to you straight, you have the best in the last hour of trading speed but my dad used to say liz the big boys on wall street are always ahead of the game, it is not fair. you are right. we can make it more fair and fox business tries to do every single day. we have a title that match played out on wall street between the polls of the bear. a volatile session of the key interest-rate decision by the federal reserve. a 50 basis point expected as investors fret the overdue move could send the economy into a recessionary tailspi