brian, very special -- taylor: i with us going to ask, brian, how jealous are you? brian: the one you just shows is the original nike waffle train. that's the first deal right there, and the next car was a mercedes benz sl which is an amazingly classic car. that looks like you've got maybe an old lamborghini there. oh, look at -- see the silver one -- taylor: you're literally jumping out of your chair. jumping onto the screen. brian: that is worth so much money. there's a corvette, '. ing. jackie: he also had a pair of air jordans, some of them signed by tom brady and other famous people, including o.j. simpson, so really a spectacular collection. it's going to happen over the weekend, and i'm going to follow up on monday, see what some of these items actually were able to fetch. we'll send it over to charles payne to take it away. charles: thank you all very much. i can't wait to see that, jackie. good afternoon, everyone, i'm charles payne, this is "making

money." have the tables turned, folks? take a look at tech stocks, they are falling back to earth and falling fast. is it time to look else what? -- elsewhere? and more truth about the true state of the american consumer. meanwhile, political division in our country has never if been this high. what it means for you and your wallet, and can there be anything done to fix it? all that and so much more on "making money." ♪ ♪ charles: all right, so this week we celebrate 10 years of "making money with charles payne," and the show's still evolving, folks. our steadfast dedication to empowering investors both seasoned and new with the knowledge of stock market intricacies and also the easiness of it. you know, a real pivotal part of this entire journey has been uncovering the right stocks to invest in. that's what we all a want to do. a lot of times it's sort of tough, right? the guests all kind of pick up on the same stocks.

i know you watch the show and maybe there's a dozen, two dozen names you hear over and over again. meanwhile, there are thousands of publicly-traded company out there and many, many more, right, i mean, many of them straightforward. they're a lot easier to understand than, say, artificial intelligence. case in point, the retailers, right? we know it's a very competitive industry that's always fighting for the consumer dollar. we all wear clothes, and most of us like looking nice. yesterday i did a segment on surprising stock market winners over the past year with. i showed how abercrombie & fitch has blown away nvidia. we're talking, like, 500% versus 190%. well, today gap stores will also surpass the performance of the, quote, hottest stock in the universe. i have two questions for everyone out there looking at this gps, gap stores. number one, do you own the stock? number two, have you purchased anything, any other brands, right, any of the stores? have you gone to any of these gap stores in the last year?

here's something to consider. back in the february gap hired a guy named zack poans for their create irv director. i'm sure the name sounds familiar. according to britannica, zack pose ifen is an american fashion designer known for glamorous evening gowns and cocktail dresses. now, i suspect maybe most shoppers at gap don't kno zac posen per se, but many have rediscovered the stores. take a look at this. so these are the earnings. same-store sales a year ago, old navy was down. a year ago a banana republic was getting rush crushed. and a year ago a athlete ca down 13%, this year up 5%. so what typically happens, right, we know we're out in the mall or walking down a busy street, and we kind of glance into a store window, and something piques our interest. so we go inside. and then, obviously, if you go inside of a gap and you haven't been there for a long time, the first thing you say is, golly, i

haven't been in here for a long time. or someone says, hey, check out old navy, their stuff has gotten so much better. we go and spend money. and when we're constantly thinking about investing when that's on your mind, i can be a great investor, you know? the moment you hand over your credit card, it's going to be your eureka moment p. earlier i spoke to a friend who just bought a bunch of stuff at old navy, another one who told me athlete ca gear is just as a good as lulu lemm. mono. so i've always said that if you're going to spend your hard-earned money, become an unpaid spokesperson for a company, maybe, just maybe, you should consider becoming part-time other than of that same company. -- other than of that same company -- owner. the bottom line is i want you to watch this show with a note bad. i want you to unlock what you already know but you have never allowed yourself to connect these dots. when you make that routine, you will find opportunities long before anybody mentions them on financial television. and if they ever mention them on

financial television, you know, because -- [laughter] i've got to tell you something, this is a stock, right, wall street will never cozy up to gap. i don't think so. no less than six firms today raised their share price target on the stock. here's the thing, only one sees the stock going higher from here. the bottom line is every single firm on wall street except for wells fargo who did up their target in march got this wrong. they missed a grand slam, a huge winner, a winner that could have changed the rest of your year. now, conversely, nine analysts today lowered the share price target on a stock called m if o -- mongo. still, the average right now gain of these analysts is the stock to go 32 % higher. i admit, i've traded this stock, but i have no clue if it's a superior company to the rivals. so i've never owned it in a buy and hold account. i've traded it. two different things. the only mongo that i know was

the character acted by former nfl superstar alex car rahs. invest if pging can be -- investing can be complicated for so many reasons that has nothing to do with the business or the stock that you own, but it can be simple if you allow it to be simple. my first guest is always 100 to% invested which means he's going on more than just a hunch. i want to bring in david nelson. david, welcome to the show. >> thanks for having me, charles. charles: thanks for that beautiful 01-year shout-out the other day -- 10-year shout-out. >> i missed the shoe cam -- [laughter] when it came in. i can't even believe we had it, but it was a lot of fun. charles: the point i'm making, i'm the pied piper of investing. it's not that i love the stock market per se, i just love the fact that it's the greatest money-making machine in history, and it doesn't have to be complicated as a wall street makes it. >> i think, you know, we're actually at a point right now where we might be at peak passive investing right now.

i think individual and even institutional investors that do their homework are going to be picking stocks again. i think we're beyond where we were for, say, maybe the last 15, 20 years. charles: here's the thing though, we always get this thing every month from bank of america, and they show the most crowded trades, right? if everyone piles into these same names, right? so everyone has exposure to nvidia, everyone has exposure to microsoft. and then you look and, you know, if you ever go through the list of the best performing stocks, you see names that blow you away every single year. and, by the way, these are names that, you know, who knows what mongo does? i understand if i walk into the gap and they've got some cool jeans that i haven't seen before and i start to spend money there, i understand that. >> i was just doing work on this yesterday coming in for the segment, and i notice if you look at the russell 1,000, the top 20 the performers this year, less than half of them are technology. there's a lot of names on there that are car retailers, a shoe company, a hospital that a just blew the lights out, and we

didn't even see it. charles: why do you think that is? is it a snee -- i think to a degree the industry has to make it intimidating. i mean, listen, you want to get assets under management, you know, and then there's also these focus who do all these magical formulas and whatever. but, you know, it feels like, again, and i think as much as they make it complicated, again, they all a end up in the same stocks anyway. >> it tends to be, but sometimes they're crowded for a reason. we can't deny that nvidia's a great company. nvidia's take page from the apple playbook. they'll expand into other businesses, and this'll be a big company for a long time. it doesn't mean there aren't other companies out there, and that's maybe part of the problem with america because we pile if so much capital into these names, a lot of these companies get starved for capital and have the inability to grow. charles: well, to your point right now in silicon valley, money's only going to two places biotech and a.i., that's it. so if you've made a greater mousetrap anywhere else, good

luck trying to get funding for it. >> look, a. i'm's going to be the important, but it's not the only thing, and it's translating into a lot of other businesses. it's going to be every part of the industrial comet plex. even the utility sector is going to benefit. charles cha you like nrg and i know part of that is, obviously, all the electricity that a we're going to be sucking up using a.i. chips, electric vehicles and those kinds of things. >> yeah, but in addition this is a real estate play. charles article really? >> 44 percent of their business is generation of natural gas. we're going to need natural gas, a clean fossil fuel. they have 21,000 acres of land in the united states. instead of bringing power to the data center, they're going to bring the data center to the power. and they're going to actually have the data centers rah right on their land right next to the grid, right next to the utility. that's a multi-- charles: would these be joint ventures there, or they'll carve out -- >> i think they'll carve out some kind of thing. they'll obviously get premium for that, but the electricity will be some kind of symbiotic

relationship -- charles: i think that's a great idea. i remember 25, 3530 years ago a bag to -- 30 years ago a google was getting a lot of heat for how much energy one google search took, ask is they started to build their own farms. you also a like crocs. everyone buys shoes, it's just the hot hottest one at the moment. >> i do some of that work, and it came up on that screen, it's certainly a cheap stock. the growth is there. but what did it for me -- charles: i know, hold on, don't deme -- tell me, the mcdonald's crocs? >> it was my wife's mom. she was getting some shoes, and she actually said -- she's in puerto rico, not really fashion conscious here in the united states. she wanted nothing but crocs. she wanted crocs, i said that's it for me. charles: everybody just wants crocs these days. i'm glad you were here. >> thanks for having me. charles: all right, folks, celebrating 10 years of "making money," for is stick around for special lookbacks through the

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[background sounds] if. ♪ ♪ ♪ >> that that's not enough. charles: now, i love that commercial. when shaq turned pro, there was a bunch of endorsements. that one stood the out for me. it was for adidas, and if you saw him with all these legendary centers including bill walton who who just passed away this week. my next guest sent out a note this morning after the release of the pce report stating that april inflation better than march, still not good new.

let's bring in fhn chief economist chris lowe. the core inflation number, you know, everything's kind of moving sideways. it's obviously getting slower. it's not good enough yet. if is there a magic number that it's good enough for the fed to start cutting? >> yeah. i think there is. it's a number that annualizes to 2 on less. and we had six of them in a row in the second half of last year, and hen, you know, we came9 into the first third of this year, and it's been tough sailing. this was the best number since december, but it was -- the core annualizes to 3%. i think we still need to make more progress. charles: and the fed should not change their mind about the number being 2%. should they adjust to a 2.5% number or a 3% number? if. >> the whole reason they settled on 2 was let's pick a number that's high enough that we don't always have the fed funds rate

sitting at 0, but at the same time is low enough that it doesn't affect people's business decision making, their economic decision making. people are still freaked out about a inflation. i would argue 3%'s still too high. charles: okay. this week there was a ton of issuance from the treasury department. 5-year, 2-year, 7-year, just billions and billions of dollars, and it really derailed this stock mark, right in it just makes me wonder, some things are out of the control of jay powell and company. i mean, as a long as this, as long as the federal government is manipulating that kind of money, borrowing that kind of money, isn't that going to limit to hoe low yields can go anyway? >> yeah. what it means is that the neutral interest rate is going to be higher. and because of that, the fed funds rate has to stay higher. so i had an analyst talk to me saying i don't understand, you know, we've had big deficits for a while, why is it only once in a while the market bumps into it

and can't handle it. if you've got huge issuance constantly, it's going to be those quiet weeks when people are away that you have problems. charles: plus we haven't had issuance like this outside of world wars. i mean, this is unique. this is not run of the mill. >> right. charles: let me get your thoughts on the consumer. pci, the consumer's income was pup a little bit more than spending, and what i found interesting on the screen there was we had back to back% 7 increases down to just .2. and then you look at what people are spending it on. housing, we have no choice. utilities, electric bill, no choice. insurance, no choice. but other things that have come in weak like air lanes. -- airlines. american airlines getting hammered. some of these other things. it seems to me that some a major decisions are now being made by households based on persistent inflation. >> yeah. and one with of the places inflation is the worst is insurance. it's car insurance and home insurance. a big part of that increase in

spending on housing is the insurance bill. and, you know, those bills that come in every year that are rising now at 10 and even in the case of auto insurance 22%, you know, you've got to cut back somewhere else. charles: yeah. we're starting to see it. are chris, great seeing you. thank you very much. really appreciate it. all right, folks, industrial stocks catching the eye of my next guest, but there's some other nuances to it. brian belski, who is known as an uber-bear -- a bull, rather, here to explain why he's sort of shifting his gaze right after this. ♪ >> i'm very, very -- my very, very best memory of being on "making money" was the first time i got to stand up onset. we were in front of the chart, and the it ended, and you gave me a fist pump. that was it, charles. i was, like, please let me stand up forever more on set with you and help your viewers become that much better investors.

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charles: all right, so take a look at this. growth getting slammed, folks. this is not something we see. this is everyday market factors for today. growth getting slammed, small cap value rocking. obviously, you know, it's been this way for the whole week, but for the last couple of years it's been the exact opposite, so could this be time maybe to shift your investment focus? i want to the bring in my next

guest, joining me now, bml capital markets' chief investment strategist brian belski. hey, brian. so this report you focused on industrials, and you wrote that you do have an underweight on it but that the weakness may be an opportunity. so it's somewhat confusing. when does that weakness -- when do you get the buy signal? [laughter] >> well, happy anniversary, by the way, congratulations. charles: thank you. >> you know, you've heard me say this for a long time now, and and the stock market is a market of stocks, and that is never more present in a sector than like in industrials. industrials is the most eclectic sector in the s&p 500. think about it, stocks like uber in it, waste management, you've got defense contractors, international manufacturers, so it's all over the place in terms of its makeup and constituency. you know, we think that 10% weighting, 9.5 in the s&p 500 kind of suffices. you want to be more of a stock picker. in fact, i think -- i think we

said this last time we were orange we're entering this golden age of stock picking, and industrials is where you really want to be a stock picker. we had a lot of the international stocks with industrials, those international manufacturers outperform. they may have run a little bit too far, too fast. so we do think you want to put more of a valuation bent on it and buy those names that have been beaten up a little bit more. charles: you focus on growth at a reasonable price, right? so that's part of the decision making process. >> it is. i mean, that's just a screen aring member anymore. you know what's really -- mechanism p. we ran that filter is so persians hess than the market, earnings growth more than the market, very simple, growth at a reasonable price filter in the s&p 500, a very limited amount of stocks fit that. but i think it also speaks to, you know, we've had some volatility. remember, industrials, the first four month os of -- months of the year were the best performing sectors. now, may kind of took it on the chin a little bit, but this is a very volatile sector.

you immediate to be more diversified and be in the right names. charles: you're overweight technology. you have been for some time. obviously, it's been the right place to be. beating something of a hasty retreat right now. are you concerned? if. >> no. not at all. we view that some of those tech stocks, you know, especially namely apple, microsoft, nvidia are kind of core, dare i say, consumer staples type names? i think in the communication services you've got to throw in, like, netflix and google as more of a consumer staple. we think actually the second half of the year we're going to see investors kind of dip down in, dare i say, even the second tier part of tech. the company ceos aren't going to be happy that i'm calling oracle or amd or broadcom or qualcomm a second tier technology company, i'm sorry, but they pale in comparison with respect to, let's say, the big guys. charles: sure. and i think some of those names

like qualcomm got a huge upgrade on the price target. is so you're right, folks are looking under the radar for those names. they're big name but just not gargantuan. i've got less than a minute to go. got to get your thoughts on the ped and rate cuts. should we be clamoring for rate cuts knowing that historically in the beginning they're not always that great for the market? >> right. remember, you're cutting rates because the economy is going down. the economy remains strong, wages remain strong. i think more of what's going on is we're entering this period of normality and normalcy where rates are going to be higher for longer meaning not 0%, and i think most near-term investors are kind of shortsighted thinking that we need rate cuts for the stock market to go up. i don't think the fed -- i think it's very likely the fed cuts once after the election, and i that's why i think this move in small cap this move in value to broadening out of the market makes a lot of sense, and we're very bullish on small cap. charles: sounds great.

brian, have a great weekend. appreciate it. >> thank you. take care. charles: all right. earnings season or, let's just say it's over. maybe a couple of stragglers out there. this is a great time now. i love postearnings season. we get a chance to look at the reactions and make some assessments. joining me now, elizabeth evans. elizabeth with -- elizabeth, for me i'll tell you one thing that stood out bigtime. it wasn't the bottom line, it wasn't earnings, it was revenues. if companies missed revenues, they got shellacked. what what's your assessment of the message in the market in the past couple of weeks? >> well, good afternoon, charles. yeah, i think, i agree with you, i love the end of earnings season where we can really look back. you're right. first of all, there was a miss as compared to revenue expectations, but revenue is still growing. so as of last friday 96% of companies in the s&p 500 have reported. we have year-over-year earnings growth of 6% compared to expectations of 3.444% -- 3.4.

and over the long run the price gains in the s&p 500 have come from earnings growth. so i think what it e tells me is that the higher interest rate environment is working its way into revenue. but but for earnings growth to be whats it is, the best ceos in the world is have found a way to be more profitable. charles: so then having said that, you're making your assessments, are there names now that are maybe on your watch list, maybe you bought with them because of what you just saw in terms of the results? >> yeah. i think i agree completely with your last guest, that it is a stock picker's market, and i think you can use the volatility to buy names you want to own. so take a look at a what happened after wednesday's report with salesforce. you have other software companies that are in the a.i. space that sold off like service now. service now had a great report, and it was town 10% -- down 10% based on crm's report. think that's a great opportunity to buy a name that you own, and

we've had service now as part of our portfolio. just an example. charles: speaking of which, i know you've been a big fan of big tech, but i also read you're looking down seem particularly with the a.i. story. what exactly does that mean? >> yeah, so big tech is a core component of our client portfolios, but if you think about the tsunami of cash that is coming in as a result of a.i. and the ecosystem that surrounds that, there are other parts of the market that are underloved that are going to benefit from this a.i. revolution. so you think about utilities as a sector, utilities are typically a very defensive sector, very interest rate sensitive. if you look at a what happened in 2022 as interest rates started to go up, utilities fell which is the inverse relationship to be expected. but fast forward to today, utilities have been one of the best performing sectors in the market, and that is because of the data center demand. so goldman did a super interesting report that actually

looked at the electricity the demand in the u.s. for the next 10 years. they're expecting compound annual growth of 2.4% per year for the next 10 years versus the last decade where we saw 0% growth, and that 2.4%, a third of that alone is related to data center demand -- charles: right. >> that's 50 billion of new production that doesn't exist today. charles: i've got less than a minute to go, and i do want to to get a macro feel from you with. the economy, obviously, it's slowing down. the what degree, everyone has a this debate. but, you know, if it slows down enough, you mentioned earnings estimates recently, i mean, earlier in the program. i agree, they're the mother's milk of stock market rallies. but it feels like wall street may be -- or the estimates may be too high for an economy that's slowing down. and if that's the case, are you prepared to make any adjustments? >> yeah. so i think this was an

interesting week, and it was much like earnings season, a mixed bag. so we had, we saw a downward revision to q11 gdp down from 1.6 to 11.3%. consumer -- 1.3. consumer spending expectations going from 2.5 to 2%. and those are all bad things. and yet core pce today came in right in line with expectations. so i think that the higher interest rates, these data points really give the fed a path to cut later this year, and the market when we've gone from six rate cuts in january, now we're digesting one rate cut, one and a half rate cuts, i think the market is performing as a it should. and so i'd expect we'll see a rate cut later this year. charles: all right. elizabeth, thank you very, very much. appreciate it. >> thank you, charles. charles: all right, folks. obviously, a.i.'s still the story. in fact, it's probably going to be the story for the next 10 years, but will it always just be an nvidia-specific story?

kevin moss if says, hold up, he's got some other stocks you should be watching. that's next. >> the bain of my daily existence, what color do i wear to stand out from charles payne's outfits? do i go with poison green? if i don't know. radioactive tennis ball? none of these match your energy and the color that you bring to the markets every single day, charles. it is my honor, my friend, to wish you happy an's versely -- anniversary. ten years of "making money. requests. ♪ould ♪ is smart here, right ? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management.

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some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. still workin' for me. ♪see me.♪ charles: so my next quest is a big fan to have a.i. boom but points out orer there are a lot of opportunities beyond nvidia. joining me now, kevin ma. kevin, let's talk about that because i think now that people are now searching, right, for not necessarily the next nvidia per se, but we know that's picks and shovels, and this is a -- shovels, and there's a whole lot more to go, right? >> absolutely. and investors have been fascinated with semiconductors and chips companies. and given nvidia's rise by over 1000% this year alone are, i understand why -- 100. data centers are an equally if not more important segment of

that ecosystem, and they allow for the storage and processing of the massive amount of draw that necessary in these calculations. charles: you've got data center hardware stocks that you're looking at or maybe long already are, digital realty. some of these have been around for a while, you know, like equinew york stock exchange. i had the ceo on, like, nine years ago. [laughter] i think the stock is up 10,000%. it's been a grand slam for a while, and arista networks. it's an amazing company. the only thing i'll say is the consistency of execution sometimes worries me. and for a retail audience, you know, waking up and the stock that you own is down 15 or 20% is, can be unnerving from time to time. what do you tell people about riding out those inevitable bumps? >> i think investors immediate to appreciate that the a.i. game is a long game. again, i said on your show earlier i think we're just in battle practice of a doubleheader as a it relates to a.i. data centers allow investors the opportunities for current

income, digital realty pays yields of 3.4%. then you look at those hardware companies, how about -- holdings, up over 100% year to date. they supply the energy, the infrastructure and the cooling solutions to data centers. arista networks, data centers are where the puck is going. charles: and, by the way, full disclosure, i do have subscribers in brt. you like southern. >> i do. if you think about it -- are forecasted to consume up to 10% of our country's electricity supply by 2030, so energy becomes a critical component. southern company, yield of 3.6 percent. it is a utility and, guess what? its own stock is up over 14% year to date. charles: is that a one thing you like, or you like having a yielu sleep better at night? >> it certainly does.

it's a sign of balance sheet strength, and it's a sign of a well-run company. and utilities with a yield of 3.6%, southern actually supplies energy and natural gas services to over 9 million customers including data centers. i think there's more upside. charles: all right. less than a minute to go, the economy, we had big economic data out this morning. you said for a long time maybe the market was getting ahead of itself with respect to a soft landing. having looked at this morning's data, have you changed your mind on that? >> i really haven't. gdp was revised downward for the first quarter. inflation is still core pce at 2.8%. the fed believes it'll only come down to 2.6% by tend of the year. the economy is slowing, inflation is staying sticky. i can't think we can say we've reached a soft landing. charles: yeah. soft landing is tough to pull off. the amount of bets withs on it, kevin, great stuff, as a usual. >> thank you, charles. carl a charles time now -- for some money mail on our 10th

anniversary. thank you, everyone, for reaching out as we celebrate 10 years of "making money." melissa ann tweeting thank you for a decade of excellence. thank you. glenn e-mailing i watch your show every day and love your excellent information related to my situation as an individual investor. you are the best dress person on television. [laughter] thank you very much. and kelly writes, congratulations on your 10-year anniversary, looking forward to 20 more. carol tweeting happy 10th anniversary, you are the perfect host, and you always give us valuable money tips. fox business is lucky to have you. yeah, i need you to talk to my agent. [laughter] thank you all very, very much. it's been so humbling and such a beautiful experience. by the way, keep the tweets coming. love hearing are from you. all right, folks, there's an old saying that misery loves company? new data showing there's never been a better time to be a hater. this is some serious stuff though, really. the country's in some serious issues, has some serious problems. two of the smartest, most in

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charles: all right, is so, listen, it's not an understatement to say that our nation is mired in political division. and after president trump's conviction by a manhattan jury yesterday, it's only going to get worse. is this the most divided we've ever been and what, if anything, can be done to turn the tide? joining me now is kennedy and former special assistant to president g.w. bush and best selling author, pippa -- [inaudible] thank you for being here. i saw this survey, 2,000 adults goes back 1000 years and essentially asks -- 100 years, and the first thing on there is the most political division. and it's the not even close, pippa -- [laughter] it's not even close. you know, it only goes back 100 years. i would suspect if the several war was on there, it might be higher. but it's not a laughing matter,

and i think it has only gotten worse. >> people think we're in a a more divided time than in the civil war because we've lost perspective, but division sells because the government is so big, it's so powerful, and there's so much money at stake that you want that a power because with you want to be able to disburst the purse. they -- disburse the purse if. if we reach a compromise, we have any level of moderation, that that means your coalition, whatever it is, sort of crumbles. charles: that reminds me, the day after president obama was elected, i got an e-mail from the naacp saying things are going to be a lot worse now. [laughter] not like, hey, you don't need us them in. partnership a pa, you you know this game -- partnership parks from your perspective, how worried should we be? >> i actually would look at it the other way because right after the trump conviction announcement, you've just seen joe manchin reenter the race who's a centrist democrat.

and now as an independent. and then you've got -- charles: he dumped the democratic party. >> he did, exactly. because he sees an opportunity to do exactly what you're describing, move back to the center. and the only person occupying the center so far has been robert kennedy, and his numbers have been rather phenomenal. not reported in most of the mainstream media, but extraordinary and much stronger than obama at a similar time in his campaign. so is, actually, the country wants go back to bipartisan, even multipartisan let's get along, let's stop all this fighting -- charles: right. >> and that's maybe encouraging, that they want to go there. charles: here's what might be a problem though because i think this political division is part of -- it's a symptom of something else. also in this poll the least reliable news reporting, never been close. just a complete spike through the roof. least close-knit if communities, least moral society. it feel like all of these things, kennedy, play a big role in the sort of malaise we're

stuck in right now. >> they do, but you have to ask what part do i play in that? how am i making that a better? even though it feels like it takes so much more energy to push against the tide, that's what people are have to do. as individuals we have to reach out to people in our community, we have to find common ground. when was the last time you sat down with a person you politically disagree with and tried to find some common ground, tried to find some issues where you have some intersection? and there's so much more of that than anyone if will lead you to believe because, again, it's great for business if you are in a niche environment where you can tell people you are on our team, it's us against the world, so you better listen to everything we with say. which is, i hope, what they do -- can. charles: we've got a few fellas cotom over to watch the fight, but -- coming over to watch the fight, but we probably won't talk politics. ironically, they think more like me than they'll admit. pippa, i saw a tweet the other day that says if you go to the middle of my company, you were

overseas, you just see trump flagses. you were explaining why the united states to these folks overseas is not just california and new york. when will someone explain this to the elites? [laughter] >> that is actually a really good point. even when i was in the white house, there was a view that the intelligentsia of the coastlines were the people who really mattered when, in fact, it wasn't true. it was the voters of the middle. and, let's face it, the economy in the if united states is all built in the middle of the country, and it is partly what explains why there's been so much support for donald trump who says, see you, i hear you. and i think it also helps explain why robert kennedy is getting support in that part of the country, because he's saying the same thing. charles: right. >> and it's the coastlines, ironically, that are losing to the center -- charles: and i hope they lose more power, quite frankly. i have to ask you about this one, right? this is the worst music also ever at this particular time. is that true?

i'm a '70s kind of guy. i lost track after the '900s. i kind of lost track of the hits. i mean, i love this because it just goes to show you do actually know everything when you're young, you know? laugh it's like your parents, your grandparents, you don't know everything. you actually do. and when you're young, that's when you have the best music because that's when you have the most time to sit around and listen to songs and albums over and over and over again. when a.i. comes in and the machines are doing our work for us and we have more free timing then we'll rediscover music that's contemporary and like it again. charles: all right. so, pippa, or you talked about as yearning as americans, we want a more perfect union, right? it's part of our ethos. last friday we did a segment on dating apps. the stocks have fall opinion completely apart. so i'm reading this week about apple bee's. they've got a $1 margarita -- >> the dollar-irk ta. charles: right. [laughter] i'm thinking, okay, maybe that's where we find hope.

not online, not on something as different as a dating site. i mean, sure, you can punch in your dream spouse, but there's nothing better than a $1 margarita and 50 cent wings. [laughter] maybe that's where we come together as a unigone. >> and maybe with human contact, like actually speaking to each other, back to your point. this is part of what's happened. this is not a sport match. we're not on teams. we're americans. so we have to figure out a way to talk to people who are also americans. and what is the deaf admission of that? it's -- definition of that? it's done nothing but actually get better over time, and let's face it, we're at a moment in history with truly historic level of innovation. problem solving, off the chart. charles: right. >> we have less and less to be worried about. so this stuff is all, like, a hangover to from the past that doesn't actually fit with modern reality. charles: once again, kennedy, you keep making the point, powerful entities hold on to that power a by reminding us, we

relitigate the past so much, the next day you wake up and all of a sudden you still don't have coding skills, you still haven't become a better human being even though you ripped down a statue that was standing for 200 to years. >> i have faith in younger gen-zers. the backlash will be very refreshing. the hangover extends to applebee's, because dollar margaritas, you're going to feel it the next day. [laughter] charles: ladies, appreciate it. at the top of the show, i mentioned we're celebrating 10 years of "making money with charles payne. " we've done this throughout the week, now's a time for you to take a look at our journey. hi, i'm charles partnership, and welcome to "making money." right here, right now, i'm going to help you make money by investing in the stock market. live from las vegas at a caesar's palace, this is "making money with charles payne," and looked at this beautiful live audience! [cheers and applause] let's go make some money! you making a lot of money on it, but do you enjoy being the

villain? >> absolutely. >> we put business minds, good ones, like mine, if you put that kind of thinking in there, charles, i mean, forget it. we will start doing great. charles: breaking news, the dow jones industrial average skyrocketing near an all-time high after of donald trump pulls out a stunner. he is now president-elect trump. we are live from bedford, new hampshire, on this very pivotal primary day. article says five months in, or nikki haley is still waiting for her moment. what's your moment going to be? you've been hot as a pistol, my man. i just want to ask, why do you think you're gaining so much traction? are you going to go down there and blow up trump, or is this a bone bona fide campaign for you to be president of the united states? it's a town hall on capitalism and socialism. >> the c in capitalism stands for competition. the s in socialism stands for state control. charles: today i bought amc and gamestop in my own account. it's not the way i invest, but i

love the apes so much. i am so proud, i figured i better have some skin in the game. [cheers and applause] if i tipped my hat to everyone who launched a business during the pandemic, that's the american way. the quarterback is jay powell. he's going to toss out fed policy, which is the football, in hopes of turning the receiver back or ing flake, concern inflation, bringing it back in. evander the real deal holyfield. [cheers and applause] you don't know how many times i lost my voice cheering for you. it was a cultural revolution best expressed by dance in the jazz era. one of the most successful stocks in the last 20 years is a company called auto zone. anyone ever go there? you ever think about buying the stock? they are going to start the live quiz show right now with members of the audience with. first question, what is the key to long-term, successful investing? what's the answer? if. >> c, risk management. >> ding, ding, ding! if. charles: of course, if you follow me, i think heir doing amazing work.

>> the boys & girls club has really been a place where i can go and be safe. charles: my grandparents gave everything they had. they worked their ass off for years and gait all for 60 acres to have their own. that's risk, folks. that's risk. >> let's talk to charles payne p i call him clp for short. what have you learned from charles sr.? >> honestly, everything, you know? it's the greatest man i've ever met in my life. he,ly, does not have to -- honestly, does not have to teach me a thing. he just has to be who he is, set that scample what and just lead. charles: everyone must take advantage of the stock market. thank you all so much. and check this out, folks. i'm glad kennedy hung around. we've got a cake -- [laughter] thank you all so, so much. and, liz claman,s such a beautiful chip you made for us. thank you so much. liz: i need that a cake. charles: it's an honor to be your opening a act. liz: