>> datadog, ddog, bought it during the show. >> joe >> caterpillar, 7.5% away frommin a all-time high. >> brynn, what's a name? >> crispor therapeutics. >> roach, nestle, west pharma, perkin, elmer, you can tweet about those, kevin, as to why you bought those thanks for watching. "the exchange" is now. thank you, scott wapner. i'm bill griffith. happy monday, everybody. i'm in for kelly evans here's what's ahead. three big market forces at play right now, the election, earnings and vaccine hopes so what should investors focus on most when placing their bets? we're going to talk about that coming up here plus, it's being called the most significant iphone event in years. we're going to look at tomorrow's big unveiling of the new iphones with big expectations and prime to keep rallying after months of delay amazon kicks off its two-day prime event. will it keep the stocks monster

rally going? that's the big question? we'll get to that in a little bit. we begin with today's market rally. seema mody, happy holiday it, and you can call it whatever holiday you want. >> big day for market. first of all, great to see you, bill griffith. >> thanks. >> straight to the market, six-week high for, ma. the dow currently at around the highs of the day, up around 300. s&p 500 up and check out the nasdaq, a 2.7% gain despite no progress being made on the stimulus front let's get into the tech trade because it is large-cap tech leading the way. apple up 5.6% ahead of its product launch tomorrow. facebook higher by 5% and we have a deal in the technology space as well. twilio buying segment, a softwear player for $2.3 billion. twilio at a record high with a 7% gain today and the stock has actually tripled on the year one of the losers though, that's in the travel space. carnival shares are down about 2% despite the cdc no-sale order set to expire at the end of this month. the cruise operator today said

that it would be delaying more sailings out of florida until december raising questions as to whether its peers royal and norwegian will have to do the same the stock now down 70% on the year back to you. >> all right seem ark, thank you very much. good to see you as well. now to the latest on the stimulus talks in washington with bipartisan backlash continuing following the latest offer from the white house ylan mui joins us with where things stand at the moment hey, ylan. >> reporter: bill, the white house is changing its strategy on stimulus once again as it does face backlash from both sides of the aisle in a public letter to both chambers of congress, the administration called on lawmakers to simply extend the payroll protection program to help small businesses, and it called democrats all-or-nothing approach an unacceptable response for the american people now, the last relief bill that passed both the house and the senate was on ppp.

the it kept the program going through august and passed with unanimous consent. however, since then all sides have been at loggerheads senate republicans are complaining about the new $1.8 trillion price tag on the administration's proposal and also object to sending more money to state and local governments and to extending certain health care tax credits. meanwhile, house speaker nancy pelosi said that she won't bring up any targeted relief unless there is a broad deal already in place, and sheled can a the latest offer from the white house grossly inadequate so, bill, the latest sign that there is no imminent breakthrough happening, house lawmakers said they won't have any votes this week. back over to you. >> is there a drop-dead date before the election, when they just say, okay, it's not going to happen before november 3rd? >> reporter: there were many drop-dead dates in place including the end of unemployment benefits, including the airline furloughsing had a so far congress has blown past all of them. the reality is the legislative

calendar does not leave much time for this to happen before the election, so my sense is that we're going to get through november 3rd here without a deal in place. >> ylan mui in washington, as always, thank you. and with the stimulus talks still uncertain could earnings be the next positive catalyst for market bob pisani joins us now with what we can expect as third-quarter earnings kick off. we've got super tuesday for the banks tomorrow, bob? >> reporter: yes, indeed good to see you, old friend. always a pleasure. important thing here is good and bad news on earnings the good news is we've got overall earnings aren't as bad as a lot of people anticipate. if you just take a look at what's going on here, we started the quarter with earnings expected to be down 25%. now it's only down about 20% that's still pretty awful, folks, but normally earnings estimates tend to go down, not go up in a quarter because the analysts are too optimistic. that hasn't been the case. that's a good sign another good sign. the early reporters for the third quarters have been doing much better than expected. we had 22 companies reporting as

of friday. 206 them had beat expectations and the beat, 25%, that's way above normal usually they beat 3% to 6% and the fourth-quarter numbers for most of those companies reporting has been going up. all of this is good news going into earnings season here's the bad news. it's all very much hostage to the stimulus program and to the vaccine and reopening story as you heard from bill earlier. stimulus is the most important thing for the earnings situation. it's viewed as a bridge to the vaccine, and stimulus has worked to hold up the economy, traders believe. the vaccine and reopening story also important if we return to wholesale lockdowns across the kun trip positive earnings trend that i talked about, that will reverse. timely on contested election, a little bit less concern about that that's certainly a good sipe and all this debate about the democrats perhaps winning the congress as well, that's way out in the future right now. many believe raising taxes in a pandemic will be a very, very tough call, but, again, that's a debate for another day

right now it's about stimulus and a vaccine and reopening. guys, back to you. >> bob, thank you very much. always good to sigh. so how should investors factor in earnings when deciding their next move? goldman sachs says not much as the two big question marks are out there otherwise. the firm is out with a note today. goldman sachs is saying that a vaccine is more important than the election which is more important than third-quarter results. got that so are they right? what should the biggest driving force be for investors right now and their investment decisions our market experts join me with their thoughts emily rolen is co-chief investment strategist at john hancock asset management and richard weiss, c.o.o. at american century investments good to see you both thanks for joining us, and i know that for both of you the last thing you want to invest on is the election. why, emily >> yeah. i were actually agree with

goldman, not on q-3 earnings season but certainly on the election we think that investors can make a lot of mistakes by trying to use the political configuration as a way to make asset allocation decisions in fact, the economic and earnings backdrop is far more important, but i do think it's important that investors focus on q-3 earnings. we're going to learn a lot of really important information on how companies are adjusting to this new covid era, what the winners and losers are, how much momentum we actually have heading into q-4, and i think using that fundamental backdrop as an input us a lot better and easier than trying to use vaccine development as an input to making asset allocation decisions. we really have no edge in doing that, and i believe most investors don't. >> richard, what about earnings? what are your expectations as we head into what is going to be a pretty busy week for those numbers? >> the drivers of the market now have already been said it's really not earnings in the

near term, some of which are backward looking we know they will come in down 20% year over year for 2020 on the s&p give or take, so maybe you'll find some spots of good news in there, but overall, the drivers of the markets are the path and trajectory of the virus which right now if you're taking any includes from overseas is not bullish indicator. the discovery and importantly wide dissemination of a vaccine which at best, according to the medical experts, is a mid-2021 if not late 2021 event, and then third and not the least of which is monetary and fiscal policy stimulus. >> right. >> these are the three main drivers. that's what's driving the market crazy right now. elections, tertiary, earnings, i put even behind, that so right now the elections are only important to the extent they affect one of those three other drivers. >> richard, i get your concern about the virus and the possibility of a second wave or

whatever number wave you want to assign to it, but here we are with another 300-point rally today after last week's rally, the best week for the dow and the s&p in three months. markets ignoring all of that right now. >> well, yeah, because, again, they are focusing on the big drivers here, the virus and the vaccine largely, they are outside of the economic or financial realm. >> yeah. >> but it's fiscal stimulus. despite all the jawboning we're likely to get a package at some point, maybe not pre-election, in it the order of 10% gdp, $2 trillion give or take. that will be a big boost for this economy and then for earnings in the second and third quarter next year. >> emily, we haven't talked about the free money from the fed which i know you think is a huge catalyst for this market as well however, you are still selective in what you are looking at in this market right now, aren't you? >> right we don't want to fight these incredibly powerful forces of monetary and fiscal stimulus that we will get down the road

so we want to stay invested in risk assets but we do want to be very thoughtful about how we do that so we've focused a lot on notching up on quality and portfolios, still leaning into those sectors that have that quality overlay, areas like technology and communications services with great margins and have the ability to really do well in this new covid environment, but we want to barb all that have with more classically defensive sectors as well so areas like health care and consumer staples which we think also give a good opportunity to produce return on equity for shareholders and putting that together in a portfolio that's well balanced and, again, this is not a great time to chase risk, and we're starting to see investors come off the shrines and come out of cash. >> okay. >> and a start to get investment in the markets we want them toll do it in a balanced way. >> richard, before we go, sectors you like right now >> we have removed recently our longstanding overweight to growth, so we have neutralized or balanced out our style tilt

moving towards value in addition to banks, reits most importantly. hopefully that will work out we'll see what happens with rates. >> we'll see what the banks tell always thank you both for joining us again today. >> thank you. coming up, 250 million items are expected to be purchased during prime day this time aron. that means a lot of deliveries will it boost -- be a boost for the carriers and their bottom line, or will the demand be too overwhelming we'll talk about that. plus, this stock is up 376% this year alone, and one analyst says another 50% rally could be on the way. we'll have the name and the reason ahead and just a friendly reminder time's up to file your 2019 taxes, yes it is 2020 what you need to know coming up. "the exchange" is back in two. this is decision tech.

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change in plans. at fidelity, a change in plans is always part of the plan.

in case you hadn't heard, tonight kicks off prime day for amazon an walmart, best buy and target are also higher in the stock market ahead of the prime day because they are also offering meg ark deals right now after the october

14th, it remains to see who comes out. the ceo of fortified capital is here to handicap what is expected to be another record prime day for amazon, right, scott? >> it should be. it will be strong for all retailers. you know, what we're seeing, is you know, american consumers just can't get enough goods right now. they can't go out dining as much they can't go on vacation, so they are just pouring money into goods, particularly ones around the house, but we're seeing very robust spending in certain areas. >> amazon truly has what could be considered a captive audience at this time people would be here at work on their computers feeling a little guilty, but they are still shopping, but now they are at home and it's going to go crazy. what kind of numbers are we expecting from this two-day event? >> you know, we're looking at 35% growth in amazon's numbers from the third quarter a little bit of a slowdown, but honestly, things are going very good for amazon right now, and i

think one of the more amazing things is that think fulfillment center able to do all of this. still having redundancy there, and, you know, they are able to handle all the volume. it's an unbelievable accomplishment for this company. >> so, now, wait a minute. you're sing their praises and saying this is a great time and everything you have a celebrating on amazon right now. >> we do. >> what is that about? >> so i think we look at amazon, and we did something called amazon 2030 and we said what is the market assuming here, is and we really can't get a value on the countercash flow basis above 3,000, and we've incorporated a lot of benefits from the pandemic into that model so i think we look at that it, and i think the other challenge for anyone with amazon, any hardline retailer, home depot, a lowe's, tractor supply, it's cycling this incredible sales volume we see, especially if you see parts of the economy open up

more, covid, you know, is wanes a little bit next year we get a cycle over stimulus, a cycle over incredible sales numbers, and -- and, you know, right now we have something called the r-5 comfort index which still shows consumers very hesitant to do certain things, like go to a movie theater we expect that to fade next year and we also expect incomes to start to drop again as we cycle over the massive stimulus and we put this all together and we think the outlook is to slow down amazon, not necessarily negative, but also with the dcf i was referencing before, an old friend of mine, a guy named barkley perry said you never go broke taking a profit. >> right. >> and we think it's almost, you know, the stock is up a ton. we'd be fading it right here. >> i've never decided what's worse, selling too soon or buying too late. it's -- it's -- it's a wash in that case. so since prime day now is october instead of july when it

normally is. what does this mean for holiday sales, black friday and, you know, all of the usual times when we spend a lot more as well >> well, you know, that's such a good question, something we think about a lot, and i think we look at it as a period of time probably starting in october through the end of the year, and, you know, we think there's still a lot of money freed up from those service activities that we talked about to go into goods so our outlook for the next three months or so is actually pretty robust. we're looking for goods sales across amazon but other hardline retailers and other retailers are like a target. best buy, home depot, tractor supply we think they will be strong until the end of the year. >> scott, good to see you. thanks for joining us today. >> thanks, bill. thanks for having me. so, what could prime day mean for the major carriers, you know, fedex and ups? frank hollande joins us with more on that it could be overwhelming for these guys, right? >> it's expected to be

definitely well ming but will it be overwhelming? >> 40% year over year to $6 billion according to e-marketer and shifts expected to increase 40% from 175 million last year to as many as 250 million last year expected to give a boost to ups. amazon shipments account for 12% that have company's revenues fedex and amazon have broken off their relationship, but third-party sellers make up half shipments on amazon so a big potential boost for fedex as well other retailers are launching competing sales expected to boost online shipping. walmart which has 5% poste-commerce market having its big save event from october 11th to the 15s, for example, and also for ups and fedex, this will strain capacity and prime day will also provide a sneak peek for holiday peak. fedex spiked last year by 31% and ups by 25%

this additional volume will provide an opportunity for both carriers just to kind of figure out how to maximize this unprecedented holiday season where online sales rex pektsed to be a record 22% of the total sales. bill, back for you. >> but, let's not forgot i think you mentioned amazon is a lot more aggressive with their own deliveries right now does that take some. pressure off these guys as well? >> really depends on all of our habits you have to remember what a lot of people believe is there's a second wave coming so how much more will that boost online shopping and will people be comfortable going back to stores or will they shop more online? i don't think anybody really knows including am soviet republic definitely picked up their own shipping over the last year or so by more than 20%, depending on the estimates that you look at, but the question is can they actually meet the capacity the on-time delivery rates from fallen for prime delivery. >> they have trade us. want us to have it when we want it frank, good to see you, my friend thanks. >> thanks. the first major redesign in three years.

four sizes, 5g tomorrow's apple event is a big one for the company and investors as well with that stock up 67% this year so far and 5% alone today is there event going to pay off? we'll find out plus, a 373% rally this year for draftkings just isn't enough for one firm why deutsche bank is betting there's much more upside for that stock "the exchange" is back after this i searched and found sofi and applied for a personal loan. i paid off my credit cards and felt a weight

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welcome back to "the exchange why the "if you're just joining us a solid rally under way on the heels of last week's gains for the dow and s&p, and the nasdaq leading the way here today, up 1.2% for the dow it's the underappreciated index among the three. look at nasdaq up 2.83%. if you move over here, you'll see why because the best performing sector today is the technology sector, and apple is the leader there with that gain of more than 5%, and then you've got a lot of the usual suspects and the strength of what we usually see for a day like this with communications and the consumer areas doing well, energy the lone decliner today some of the movers at this hour, shares of dillard's have been soaring today after berkshire hathaway portfolio manager ted wechsler disclosed a 5.82% stake in that department store chain the shares are not a berkshire investment they are held in a trust for the

benefit of wechsler's family members, and that stock is now up 39% it was up 49% at one time. shares of ford higher on an upgrade to buy from hold at benchmark company. the bank pointing to a new management team, better than expected third-quarter earnings and momentum from new products ford today up 6.4%, a smart move there, and shares of pepsi are higher on an upgrade to buy from neutral at citi, this on an expectation of improving profit margins here in north america as well as strong organic sales growth relative to its peers, and we know who those peers r.pepsi is up more than 3% at this hour. now to sue herera for our cnbc news update. hey, sue. >> hello, bill good to see you. here's what's happening at this hour, everyone democrats at today's senate confirmation hearing for supreme court nominee amy coney barrett are not concentrating on how her vote may solidify an anti-abortion majority on the high court instead, they are warning she could help throw out the

affordable care act after the court hears a challenge to it just after the election. presidential candidate joe biden is taking the same tact as he says barrett's catholic faith should not be questioned >> we're already in the midst of a real fight here. everyone knows in 28 days, 20 million americans may lose their health care. this nominee said she wants to get rid of the affordable care act. the president wants to get rid of the affordable care act. >> take a look, home runs like this one by hall of famer joe morgan helped power cincinnati's big red machine in the 1970. he had a signature flapping left elbow. morgan's base hits and stolen bases made him one of baseball's greatest second basemen. morgan died sunday at his california home after suffering from a nerve condition he was 77 years old. >> you and i both grew up a dodger fan. >> absolutely. >> and, of course, joe morgan was one of the bad guys working

for the reds at the time, but as a broadcaster he was terrific. i always enjoyed when he was doing play-by-play and color commentary. >> terrific when he was in the booth, really was. >> r.i.p. joe morgan thanks, sue. >> you've got it, bill. >> the file tax extension people got in april, remember that? it's coming to an end. we break down what you need to know and how to avoid that dreaded 5% penalty. plus, it's being called qvc for the modern generation and brands are betting that it's going to be the future of shopping wait until you see this. details are coming up, joined and my pal suzy or monday mond k she'll join us to talk about her very scary health scare. she's well now we're back in two.

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welcome back let's catch you up on a few stories that should be on your radar. it is time, folks, for rapid fire, and here with their takes jon fortt, contessa brewer and michael santoli. hi, friends, welcome. >> hey, bill.

>> hello. >> john jon, i keep hearing. this is going to be the greatest event apple has ever put on. i mean, we've heard this before, but do they really, really mean it this time >> i mean, i'm sure some people mean it, but i don't necessarily think as some are saying that this is the most important iphone launch in a long time here's the reason why. it's the 5g iphone that's what we expect anyway, but 5g networks aren't really ready to delivering what the carrier is promising even if apple delivers a perfect phone for 5g i'm not sure the demand will be there in the critical q4 period, hey had the networks are great, it's so much faster i think next cycle might be one. >> are you in the market for a new iphone, contessa >> well, yes, because i'm one of those people where my iphone is years old. they say that now this refresh, this update cycle is older than four years which is a long time for an iphone.

plus it's happening right before the all-important holiday season of course, they are competing with amazon prime day and all the other holidays you've been through with walmart and target and bed bath & beyond, bill, but i think there's a lot of excitement about this because we've been stuck at home, on our phones non-stop and if we're one of the people that haven't update it had it's time. >> everyone loves to handicap, mike, the timing issue do we rally into the introduction and then the stock goes down and then, yeah, blah, blah, blah. >> yeah. this year's super dramatic stock for apple as a wholehave made that kind of analysis obsolete because there's been nothing routine about how this has gone. yes, rallied into this release what's fascinating to me about apple when it comes to the story lines surrounding the stock is for years what has benefited the valuation of apple is they have smoothed out the upgrade cycle it's much more about services and now all of a sudden the bold case is guess what it's going to be a huge hit-driven story about iphones

so i think it can work for all these different reasons but mainly it's 30 times earnings. what this market is paying more than 30 times earnings out there, why wouldn't apple be worth that at this point i think it comes down to just that. >> by the way, jon, it is 2020 so this event is going to be virtual. >> ho-hum. >> always kind of virtual for most people. most people didn't go. >> that's true >> you don't have them working with a big crowd cheering him on anyway let's move on to topic number two. deutsche bank says it's time to buy twitter. the firm is upgrading the stock from buy to hold saying that it sees improving growth for the rest of 2020 as well as into 2021 and the social media company is well-positioned to benefit from big events and a cyclical recovery. shares are higher today. they are having their best year ever since going public. they are up about 50% this year alone and they have surged 140% since their march lows mike, i get the -- i mean, what they are seeing is an increase in ad revenue, and i get that in an election year but what's the

catalyst for next yore that they are looking hat? >> yeah. not clear that there is a specific catalyst along that front. in fact, the analysts upgrading it now say they are on the sidelines for the stock when it went up 40% because they were afraid it was too exposed to an advertising market and now expecting a bit of a comeback. really the case for it has always been more the franchise value as opposed to top line revenue run rates from advertising. it just seems like it's the news ticker of the world for better and for worse right now, and the stock as well as it's done this year is really back to where it traded five years ago so in theory there are people who paid more for this and the street in general are skeptical. not a lot of people have buys on this stuff i'm retired so i'm not paying as much attention to many so of these stories that i used to, but i don't hear anything about anyone wanting to buy twit we are on anyone handicapping that and complaining that jack dorsey's attention is sometimes distracted and all of that are they really getting their act together here? >> i don't hear that either,

bill, and i'm going to take the other side because it's fun. with joe biden poll willing as well as it can that can't be good for twitter insane year to 20, ridiculous things happening is it really great for twitter coming out of this into a possibly more stable -- i don't know if stable is the word but sober time i don't know if that's good for twitter. >> but it's interesting that the analysts said it was really about events next year, about the olympics coming back and sports coming back, so, you would imagine that covid is still a risk for that happening. it would be a headwind if covid prevents those events from happening as it should it wasn't about politics but about everybody getting on and tweeting, why, the golden globes. >> and they do now cover and -- their platform for some sporting events as well and that helps, and i bet, i bet you're going to want to talk about that in the next topic here, contessa, because draftkings has gotten a vote of confidence from credit

kwooes with an outperform rating draftkings is a leader in the mobile sports betting industry and is poised to gain even more market share, and there will be a post-pandemic acceleration in sports gambling legalization here in the united states, they believe. draftkings today is up more than 5% at this hour, and it's gained more than 110% since going public just in april i'm no prude, imean, but i'm not a gambler. i don't bet on anything, but i have to say watching the commercials and -- and -- and the subtle changes in the way play-by-play is done now where they do sort of allude to betting and -- and odds and things in the middle of sporting events they are in the sweet spot, aren't they, right now >> that in-game sports betting is one of the growth drivers here, and it's one of the differentiators. look, credit suisse says that this is one of the -- it's the only stock that you can buy

that's a pure mobile betting on sports play, so the other competitors have other, you know, bricks and mortar casinos and other things going on, but draftkings is really a pure play on this front. part of it is they are depending on next pangs across the states. remember the big monster states, florida, texas, new york and california don't have mobile sports bet pentagon. if there's a push to legalize it there, that makes a huge difference for these companies that wasn't even factored into credit suisse's price target of $76. they are saying just on the fact that they have the model figured out and they have customer acquisition figured out and we think that the total addressable market is going to be beat our expectations that this is the way to go. >> the stock is acting like it's already happened, mike. >> yeah. >> it's been the big impediment for this stock, at least intellectually, in that it's already getting a lot of credit for almost owning this market and the fact that it's the one pure play, very much like beyond meat is the one pure play for,

you know, other types of alternative proteins roku argues arguably the one pure play for internet streaming war tv and, therefore, all the enthusiasm for those huge themes gets run through this one stock and the valuation gets very potential to sustain and deutsche bank had a hold for draftkings today, saying we see the story but people are getting too i a gressive in terms of how big this market can get in the next couple of years. >> you know what this reminds me of, pot, marijuana. >> yeah. it's a vice but highly regulated and how can it go wrong? >> i'm just going to write this down jon fortt things about marijuana when he hears about draftkings clothing brands like tommy hilfiger are betting on online sessions to reach shoppers during the pandemic, and it looks a lot like qvc >> hey, guys

i'm elias. >> and i'm sydney, and we're going to be your hosts for today's shopping live stream we're here to show you some of the favorite styles for the new season it's time to ask tony to join us. >> tony, welcome. >> hello, tony, how is it going? >> i'm looking quite swagalici 0 s. >> i love royal blue i feel like it makes the skin complexion glow so good choice there. >> jon, the technology has been there for a long time. sort of a duh factor here that people turn to platforms like instagram and others, and can you go to tommy's website and you can watch one of their qvc-like episodes as well, right? >>ia i mean, i never really watch the qvc qvc, but, yeah, this looks exactly like that. everything gets reinvented we hated bundles going a la carte and now we're reinventing. people hated qvc going online and now qvc is online. i'm sure will do well. people like to watch other people wear clothes. >> do what is do do for the

fashion industry >> it also -- i just think it had to do with that period of time where people couldn't go in and touch and feel the clothes. >> right. >> number one. number two, i was just in a closing store over the weekend you still can't go in and try it on so watching other people try it on or model it or pick it out and besides, that even before coronavirus happened, did you ever see on youtube these videos where you would get a 14-year-old saying i went into forever 21 and got this belt for $1.99 and this necklace and put it all -- >> i never watched that. >> millions and millions you're missing out me think you doth protest too much, jon fortt. >> all these videos are being made in person at home. >> it's a big deal. >> yeah. >> i miss you people i wish you were right here sitting with me. thank you all. good to see you. jon fortt, contessa brewer and mike santoli for today's rapid fire taking a look at today's market,

session highs, the dow up 340 points and s&p up nearly 2% and the nasdaq with a smart 3% gain with apple leading the charge there. up next, personal finance guru suzy originalan talks about the lessons she learned from her recent scary health scare but ckft ts.ing better ba aerhi before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan.

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lockdowns, family obligations, just fear, all reasons why many of us have avoided taking care of ourselves during this pandemic and that includes our personal health, a beloved member of our family here at cnbc learned that lesson the hard way this last year. personal finance guru suze orman recently had emergency surgery to remove a tumor from her spinal cord after ignoring some troubling signs for months

thankfully she's on the mend and getting back to her life, and she's ready to share some of the hard lessons that she learned during this life-changing experience suzy joins us now as part of our financial wellness series invest in you, red re, set, grow. it's a partnership between cnbc and acorns my dear suzy, i'm so glad that you're doing better, but tell me this lureied stoid story right . >> let me tell you why i want to tell everybody what happened. >> there's always a lesson to be learned for suze orman. >> yes, yes. how many years have i been on television saying the main internal obstacle is fear and the reason is people don't invest, and the reap people don't open up their credit cards and everything else like their statements is because they are afraid they don't have the money to pay their bills, they don't know what they are doing and all of these things so they do nothing. this is a lesson where wealth

and health really are identical. >> right. >> because i knew something was wrong, bill, starting a long time ago things started to go wrong and more recently where last year i was walking up on stage to tape my pbs station and i couldn't get up on the stairs without pulling myself on the right side and the show's got to go and i just did it and a few weeks later my knee would buckle under me and i would go to a doctor and they would say, oh, it's probably nothing, suze, you don't have to worry about it, and i kept going to doctors where i knew they would tell me what i wanted to hear. >> yes. >> everything is fine. don't worry about it it's your hip, don't worry about it until finally i start dropping my fork and things like that and i couldn't write anymore, and then a doctor said to me, my general practitioners, suze, we need three mris we need a brain scan, we need this scan and as soon as they

said that to me i got so afraid, bill, because i didn't want a brain tumor. i knew something was wrong. >> right. >> but i didn't want it to be wrong, and it -- you know -- >> thankfully it was a non-cancerous tumor. >> yes. >> on your spinal cord up near your neck so they removed it they inserted some titanium in there to secure your spinal cord, and you're on the mend right now, right >> here's the lesson it had been growing there for 15 years. >> wow. >> it had actually taken up 80% of the spinal cord, so i -- as the doctors would tell you, i was one fender bender away from being paralyzed and probably a quadriplegic. >> wow. >> and that's when it got really serious, so the reason that this is so important is i could have prevented this i could have really taken action before it had gotten almost to the point seriously. they freaked out as soon as they did the mri, bill.

two days later i was in a 12-hour surgery. >> what's your lesson here what's your takeaway that people can learn beyond just don't be afraid if you're sensing some symptoms, you know, get it -- get to the bottom of it. >> don't be afraid to go to the doctors. don't be afraid to get whatever they are going to tell you, no matter what it is. their news is far better knowing something is better than the unknowing of something because of what can happen, and the other thing about it is i have to say that's why health insurance is so seriously important for every single person out there, really, bill, because when you don't have insurance, there goes your life. it's really that -- that close to it. so the main reason that i'm coming out now and telling everybody about this, when you think something is wrong go to the doctor it's just that simple. but go to the doctor that knows. don't go to the doctors that are going to tell you what you want to hear. >> and you never know when this is going to hit, so this comes back to the rainy day fund that

you often, you know, tell people that you knee. thankfully you don't need one. you already have one, but, you know, for people who -- who may need it. >> yeah. >> if this medical crisis crops up, it could bankrupt them, right? >> if they haven't learned that now with the pandemic that the most important thing in anybody's personal financial portfolio, more than all the stocks and everything, at least in eight months of emergency money or a year emergency fund if you haven't learned that after the past year of what we've been through, i don't know you have to be on another planet because your money is what's going to get you through, and it's really important that you have that one building block out of anything else in a portfolio. >> and you know what i find interesting is during this pandemic i'll see periodically a commercial for a hospital or health insurance and they will say, you know, it's okay to go back to the doctor for a wellness check

people have been ignoring their personal health during this pandemic because they are afraid to leave their house they are especially afraid to go to an office where there might be people who already are testing positive for covid here. >> yes, but also now with the onset of teledoc, fabulous stock, by the way. >> right. >> but with teledoc and all of these things you don't have to leave your house you can use little things, like you were talking about apple the reason that, you know, on your segment ago it said, you know, up today number one. everybody can know that apple eventually is going to be a health stock, more than just a technology stock and doing your phones and everything, it's going to be your key to your health so there's really no excuse, and -- and the reason again i came on is there's no excuse suze orman, no excuse for you to have denied what you were going through, thinking you could solve it with vitamins and swimming and all this stuff. go to the doctor whether it's in

person, if it's safe or via the internet it's just that simple, but go to a doctor who will tell you what you don't want to hear. >> just another reminder that you can have all the money in the world, which you do. you can live on a private island which you do. >> which i do. >> but if you don't have your br health, you got nothing. >> that's right. you got that big time. big time >> my dear suze, my love to you and to k.t i'm glad you're doing better >> thank you see you soon >> you to read move go to "the path forward: your money. the virtual event is coming up november 17th. she'll be answering your questions about what's next for you and your money head to cnbc

events.com/yourmoney for details. still ahead, for any taxpayers who took an extension, there are just three days left to file your 2019 taxes. what's the $12 million americans who have yet to file need to know if they don't make that deadline we'll tell you coming you. >> and a reminder, you can always watch us or listen to us live on the go on the cnbc app we are back on the exchange in two minutes. you can't predict the future. but a resilient business can be ready for it. a digital foundation from vmware helps you redefine what's possible... now. from the hospital shifting to remote patient care in just 48 hours... to the university moving hundreds of apps quickly to the cloud... or the city government going digital to keep critical services running.

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ask about saving up to $1,500 on your installation. virtual appointments now available. we mentioned apple's big event that kicks off tomorrow with very high expectations. the event is not only important for the company itself but for the unveiling of all these new iphones, but it also is important for its suppliers. take a look at a few of the names that have been rallying ahead of the event flex, a contract manufacturer in the green today, it's up 6% in one week gla glass supplier corning is up and corning is up 5% in the past week now if you are among the 12 million americans who asked for an extension to file your taxes,

it's come due now. you have just three days left to get it done. sharon joins us with what you need to know as a final final deadline approaches. hi, sharon >> hey, bill earlier this year millions of taxpayers submitted a form for more time to file. on thursday, time is up. october 15th is the final, final deadline for taxpayers to submit their 2019 individual income tax returns if they requested an extension. small business owners and those were smaller businesses ask for an extension but disruptions because of covid may have caused delays july 15th was also the deadline to file for an extension if you went ready to file for a return.

it's time to turn it in this thursday failure to file your taxes on or by october 15th will cost you. if you miss that deadline, you'll have to pay a penalty of 5% of the tax that you owe and that's charged for each month or part of the month that the return is late on the other hand, if you are due a refund, there is no penalty on a return that is filed late so that is some good news, bill. >> we all know this has been a difficult news for many people they've been furloughed, in many cases they lost their job. what if you just cannot afford to pay this tax even at this late date? what then? >> it is important to come up with some plan with the irs. it is important to try to figure out if there could be an installment plan, some type of payment plan you can get into. if you go into irs.gov, you can see options there and apply for a payment plan right away right there. don't hide from it because it will catch up with you

confront -- let the irs know that your situation has been dire and you need help and they will help you come up with a payment plan >> sharon epperson, always good to see you. >> great to see you, bill. >> that does it for "the exchange." stick around for "power lunch. the ceo of holy name medical center in new jersey will discuss the serge of cases in new jersey and how they are preparing for it orbrk.ft ts g up aerhi sht ea s trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're

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program at no extra cost. dental and vision coverage is now included with most humana medicare advantage plans, and you get telehealth coverage with a zero dollar co-pay. you get all this for as low as a zero dollar monthly plan premium in many areas, and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. humana - a more human way to healthcare.

good monday and, everybody welcome to "power lunch. along with seema mody, i'm tyler mathisen did the markets forgetter that suppos -- forget they're supposed to be afraid? and a potential blue wave at the polls. are markets actually embracing it because it could mean more stimulus meanwhile, covid cases are spiking arou c