let's bring in mitch roschelle.ove on to this: republicans led by congressman jim banks say a new report from the nonpartisan congressional research service indicates that, yes, president joe biden is not paying his fair share, that he improperly avoided about half a million dollars in payroll taxes before he took office. what's your thought on this? >> you know, i gotta dig into that one deeper, but the way i understand it there's a, quote-unquote, loophole that he took advantage of with a tax structure using a corporation to avoid paying payroll taxes. but what's interesting is when joe biden uses the tax laws to his advantage, it seems to get brushed under the rug. they're still looking for president trump's tax returns, and he's not even sitting in office. so it's interesting the double standard in the media about the tax brackets of the presidents. elizabeth: you know, this report does not name president biden by name. it analyzes cases where the irs won a judgment against taxpayers that did the same thing. the

i've got two guys, rob luna, mitch roschelle.the issue but tons of stocks that recently posted great earnings, the stocks went up. i think those are like when you begin your buy list for just someone looking for a trade, they've got to be attractive right? >> there's a lot of discount going on in the market especially in the technology space, a name i like a lot is far fetch, that one pulled back and that is a long term winner i'm looking at that but what i wanted to do is bring in a new name, smaller cap name today, ns tb, northern star trust , this is under-the-radar, charles only half a billion dollars it's one of the spacs, went public in february at $10, ran up to $12. it's back to $10, let me tell behind this is apex. it's a custodian that's behind robinhood, stash, no ones talking about it these guys were talking about crypto earlier opened up a million crypto accounts they have got over 13 million asset accounts, these are the guys that are going to displace schwab, td ameritrade. the new custodian take a look at that nam

i want to go to mitch roschelle, macro advisors llp founding partner. mitch, i take a leap here, none of these get through, the infrastructure only package and big roll of the dice, five 1/2, 3 1/2 trillion dollar human infrastructure both fail. what would the market reaction would be? >> the market reaction may actually be positive because one of the things the market is a little bit on tilt right now waiting for is whether or not we raise corporate income tax rates. whether or not we raise the highest marginal income tax rate on the quote, unquote wealthy. lastly whether or not we raise the rate on capital-gains taxes. whether or not any of that could be retroactive. there are 2500 pages of legislation that no one has seen. i think the market is very jittery wondering about those tax policies. so it is possible, even though government dysfunction is something that the market doesn't like either, i think knowing that this gets, you know, kicked down the road a bit may be good. the other thing is, maybe inflation ebbs a bit because all of this stimulus s

mitch roschelle. i'm always reminded, if you look at prior market hiccups they have always been on this aberrant type events we come to discover maybe are punctuated by an environment where there were a lot of worries anyway but how do you, how do you address what we're seeing right now, mitch? >> well the market has done so well this year, neil, i think there has been a lot of ajita, let's use that word for a second out there. i think yesterday's selloff was you know a selloff looking for a reason and the evergrande was a pretty good reason. it is unclear how much of the debt is owned by u.s. institutions but our economy, capital markets are interconnected with economies and capital market around the world, so a foot fault in one place leads to potential catastrophe elsewhere but it is interesting how the market is performing today because i think they were able to digest the story. as you and edward were talking i think what the fed does will be a bigger market mover than what goes on in china with

bring in kaltbaum capital management gary kaltbaum and macro trend vase source mitch roschelle. thanks for coming on today. good to see both of you. >> good to see you, lauren. lauren: gary, start with you. is september a reason to take money off the table or change your investing approach when everything is right near a record high, if not at a record high? >> not at this juncture. last monday i said on the show, nasdaq and nasdaq 100 broken to new high ground. nothing is 100% but risk appetite is picking up away which go. netflix announced "seinfeld." it is soaring. amazon wakes out of its slumber. apple breaks out of range of all-time highs. every dollar apple moves is 16 billion-dollars in market cap. you stick with what is working until it doesn't. right now it is definitely working. i'm finding new merchandise in growth in tech, pretty much on a daily basis. it is a narrow move as i think 50% of the market is not participating but as long as you stick with the right 50 you're in good stead. i'm not worried about september at this juncture. lauren: you're right there is a n

mitch roschelle, always good. thank you, sir. >> see you, stu.lves? costco is sounding the alarm again. we got the story. >>> president biden meets boris, british prime minister at the white house. as soon as reporters started asking questions, this happened. roll tape. >> thats's the -- [shouting] >> let's go. let's go. thank you. stuart: we'll show you the full clip in a moment. you won't believe how they protect him from any questions. ♪ i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer. crafted by lexus. ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. w