we will be discussing with ken fisher. normally as that drags on and we have seen in other cases, it is not good for the incumbent party. i'm not saying that is that way we are going with this crazy market. we have seen in the past the longer it goes on effect of others and their sentiment. what do you think? >> i agree. inflation hasn't gone away. price increases have been clear. 2025% since biden and harris took office. volatility is not the friend of the incumbent party. uncertainty is not the friend of the incumbent party. but biden's approval rating below 40%, you still have to make is that betting markets are, donald trump a narrow favorite to win back the election. that being said, trump has to stay on message and use the issues that work to his advantage. the southern border, on crime, on the economy. so far, he is not done that successfully. if he can, he should be the favorite. right now we are effectively in a dead heat. if we get 300 points up in 300 points down through the rest of the campaign, it will not hel

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ken fisher is with us this morning. big picture, ken, welcome back, of course.this a correction or is it a new bear market? >> first, thank you for having me back on, stu. second, this is a correction, not a bear market. real bear markets and its been so long since we've had one, that people kind of forget the legend, but they end with a wimper, not with a bang and this is clearly a bang off the top in just what was 15 trading days, it got down to intraday low of down 10%. it can go lower, but before it bottoms. the average correction the last 35 of them since 1925 is average at 13%, but the correction down 10 to down 20 isn't a bear market, which is something bigger and longer and down more than 20. stuart: my concern be a return to the 1970s. i don't know what you call that a bear market or not but throughout the 1970s, the stocks didn't do much for you. stocks were pretty flat, pretty much across-the-board for 10 years. that's my concern. i don't want to see that happen again. will it? >> well, i can't say that for sure, but the reality is that people trying

>> well neil, respectfully to ken fisher who is obviously extraordinarily experienced and knows his stuff always the case. oftentimes stocks are leading indicators. in 2,022, facebook fell off the map and started to deteriorate in the early part of the year and people felt it was just a problem with facebook and ended up being a problem with tech stocks so tech has been the leader so the question isn't is tech going to go away. i don't think so but the real growth if you're looking to invest in the next growth stocks, isn't going to be in the ones necessarily we already know and on valuation basis alone, neil, value stocks are trading at 10 or 12 times earnings. so even with discount these stocks are far more expensive than anything sustainable long-term. neil: when you talk about value you're talking about small cap stocks that have indeed come back a lot more from where they were but they still aren't getting the appreciable bounce that a lot of people had hoped for as there be this transition or at least widening out. what does that tell you? does it worry you? >> neil the big moves ta

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we have former commerce secretary the wilbur ross and billionaire investor ken fisher on on all a ofnd all of this as robert f. kennedy jr. suspends his campaign and teams up with donald trump. he broke with the party of his dad and his uncle to back djt. welcome, everybody, i'm neil cavuto. let's go right to griff jenkins now looking at some key battleground states i guess, right, griff? >> reporter: good morning, neil. i think this may fit into that proverbial category of politics makes strange bedfellows. the new york post took notice, a kennedy endorses a republican. and with pyroprotech nicks marking the entrance to heres of bobby, rfk jr. took the stage alongside trump just hours after endorsing the gop ticket. >> the best way to build a safe america is to rebuild our industrial base and rebuild the middle class in this country. [cheers and applause] and don't you want a president who's going to get us out of the wars and who's going to to rebuild the middle class in this country? [cheers and applause] >> reporter: trump praised kennedy for running a tough campaign that had tou

i want to bring in fisher investments founder ken fisher.en, before we start, today, this morning, every thursday american association of individual investors we get a feel for the what the retail investors are thinking. not long ago we saw a huge, almost 53% bullishness. it is all the way down to 40%. we've seen bearishness skyrocket from 23 to 48%. are folks getting bearish at the wrong time. >> actually, charles, first thank you for having me on. been a while. i appreciate it. thanks for your confidence. that survey, my buddy and i did a correlation of it to the market a long, learning time ago and published a paper on it along with a lot of other sentiment indicators and it's actually just a purely coincident indicator. market goes down, it goes down. market goes up it goes up. it is really a reflection what the market is doing. charles: i know you're telling your clients the summer decline, this is a correction not a bear market. i got a table that explains over the history, going back to 1945, we had three declines of 40%, 10 declines

joining me fisher investments founder, ken fisher.en, you're often provocative, that is an understatement, but this might be the most contrarian opinion on wall street. you are saying the fed what they do with these rates doesn't matter? >> so, let me just say i have largely said that for a very long time. if you think about what they do, this is what my "new york post" column yesterday was about, they fiddle around thinking their rate cuts are terribly prescriptive in terms of future outcome and most people tend to want to believe that but it is utter nonsense, it is voodoo. the fact if you look what they did starting in 2022, yes there was sphere of the rate cuts and market went down initially as they started to raise but it kept going up as they kept raising and kept raising and kept raising. in fact we hit all-time highs while they were in the midst of the hiking sessions. they continued going on from there. we don't need lower rates, the market has been higher all year long, despite the early year notion we'll get earlier year ra

ken fisher is joining us. the jobs number down by 818,000.this tell you that the economy is slowing? >> so, first thank you for having me on, stu. appreciate it always. doesn't tell me anything really important. the quarterly census of moment and wages is reconciled once a year against insurance numbers. now, that's 50 states in one federal government, none of which do things very accurately. we'll get revised again and with the final revision in february. people paying attention to these numbers not getting the motion they're not accurate to begin with. stuart: ken, you think there's less uncertainty in the election? i read your stuff and it doesn't seem uncertain touchdown pass me. what do you mean? there's less uncertainty in the election. i don't get it. >> i'll explain. normally in the beginning of the year when there's an e lockerbie bomber, there's one or both of the nominees that we don't know who it's going to b. a lot of un-ternty going through all the squabbling period and people making extreme statements to appear to their base an

won't politicize it but it beats a meltdown and jobs and that according to ken fisher and others is not in the cards for the time being. once that starts happening all bets are off in the bull market but not yet. where are you in this? >> interest rates will come down over time and that's the catalyst that gives the consumer some breathing room. you can see pandemic savings have been spent. the substitution is happening, going to costco, that's making a difference. the interesting piece, how fast to get interest rates down to give breathing room to the consumer and what happening in the economy. neil: the economy is doing just fine, wonder how the market sentiment changes if we don't see an interest rate cut in september. what do you make of that possibility? >> still have jackson hole and roof for a -- reflection on the fed. we are not overheating, job slowing down, they are still laying off 300 jobs per week. we see a transfer from the tech side of more outsourcing into india and vietnam. a lot going on in the job market and that's not been propped up by these data points. neil: you a

lou, earlier this morning the great investor, entrepreneur, ken fisher, he was on the show. this is a correction. it's not the start of a new bear market. what a say you? >> agree 100%. i mean, we started this week in the back of an ambulance on the way to the emergency room, walking out and going for a weekend at bernie's. we've gained back pretty much everything we had lost as a if it never happened. and here's the thing, bear markets don't start when the economy's going along at a 2-3% clip and growing. i didn't start when corporate profits are up by double digits like they were in q2 and they're expected in q23 and q4. -- q3 and q4. we've gotten the better jobs data this week as we suggested might happen on monday, and it all is calm again on the western front -- stuart: so an emergency rate cut by the federal reserve, that's off the table. >> completely. i think we're going to get ppi and cpi next week that are going to stay in line, it's going to be a little bit higher than the fed target, that's going to give them the cover to say, hey, we're going to wait until septe

billionaire investor ken fisher, he's calling this a correction and not a bear market.n serhant, he's the guy behind "owning manhattan" where prices have gone straight up. why is that when big cities in america are in such a mess? the 10:00 hour is next. ♪ ♪ we'll be coming back for you one day ♪ (husband) we just want to have enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio. .. pro. best interest. (husband) so how do your management fees work? (fisher investments) we have a transparent fee, structured so we do better when you do better. at fisher investments, we're clearly different. at the tunnel to towers we made a commitment that commitment is to make sure, that the word homeless and the word veteran are never in the same sentence again. we're in bradenton right now because tunnel to towers has decided help homeless veterans who want to

ken moore: i was pretty much in a panic. it completely flooded the first floor at a time when people were still sleeping in their rooms. when the fisher boat capsized, it became a horrible situation. [speaking german] ah, tsunami! it's a tsunami. it's a tsunami. i never heard before. and we ran for our lives. [kid cries in german] [speaking german] tsunamis are incredibly deadly because not only are they walls of water, but they are also carrying a tremendous amount of debris, and they're moving at incredible speeds. [people screaming] yumei wang: the tsunami can pick up so much sediment, so it's very heavy. if you're caught up in even a foot of tsunami water, you can likely die. it's not a cresting wave. just think of the entire ocean being pushed forward, and so it's a giant wall of water coming at you. [women screams] cindi preller: if you feel an earthquake, the first thing to do is to get cover and hold. anybody that's next to the ocean should start counting to 20. man 1: oh, my god. cindi preller: and if you can get to