leslie payne of affinity federal credit union in new jersey. she's been personally involved in the credit union's ppp lending. sba direct forgiveness platform so we welcome foord to hearing about her members experience. today she is testifying on behalf of the national association of of federally insured credit unions. thank you for joining us today. our third witness is ms. marla, the president and ceo of national association of latino community asset builders of and service as ceo as community investment company. a network of organizations that are anchored institutions in predominantly latino communities. she brings over 20 years of expertise in small business development and community based financial services with emphasis on u.s., latino population. >> the ranking member will now introduce our final witness. >> our next witness is mr. robert fisher. president and chief executive officer of kioga safe bank in new york. mr. fisher is currently the chairman --. icba. additionally member of icba's board. not to mention mr. phisher is a fifth g

thomas payne, after the war in the 1790's wrote a blistering pamphlet attacking washington and payne argued, i don't agree with payne on this, but payne argued that washington slept in the field, as he put it, and as the real winners of the war were generals horatio gage and nathaniel green. and, but washington was generally inactive during much of that time and clinton was far more active. and he think the most devastating thing, most devastating attack or appraisal of clinton came about almost 75 years ago, but still went by scholars today and many still accepted and it was a study made by clinton's biographer, principal biographer in conjunction with a clinical psychologist, and they argued that clinton sought power, but that he had deep subliminal psychological problems that prevented him from acting on the power that he had. and i think, frankly think the argument is malarky. not that i'm a particular foe of psycho-history, but in this case, they were obviously unable to put clinton on the couch and talk with him, but in addition clinton left behind virtually no private correspo

payne will vote yea on h.r. 4350. the speaker pro tempore: for what purpose does the gentlewoman seek recognition? >> as the member designated by mr. mceachin, pursuant to house resolution 8, i inform the house that mr. mceachin will vote yes on h.r. 4350. as the member designated by ms. porter, pursuant to house resolution 8, i inform the house that ms. porter will vote yes on h.r. 4350. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> as the member designated by chairwoman eddie bernice johnson, pursuant to house resolution 8, i inform the house that chairwoman johnson will vote yea on h.r. 4350. as the member designated by chairman gregory meeks, pursuant to house resolution 8, i inform the house that chairman meeks will vote yea on h.r. 43506789 as the member designated by congresswoman grace meng, pursuant to house resolution 8, i inform the house that congresswoman meng will vote yea on h.r. 4350. as the member designated by congressman brendan boyle, pursuant to ho

and that's what our reading for today, charles payne's a view from the trenches is helping us do.you have that on your computer, your handout, i think it will be a good idea for us to look at it. because one of the main things that we're going to do, our main point today is to look at what charles payne calls the master narrative of the movement. and what we're going to do is begin to establish and look at what some of the major tropes and issues are in terms of what this master narrative is, think a little bit about why this master narrative has endured and what kind of purpose it serves for us, even five, six decades since the height of the civil rights movement. but more importantly, we're going to kind of reassemble the narrative or recenter the narrative, moving away from this master narrative to a narrative that's much more inclusive. a narrative that is going to center in our case today black women in the civil rights movement. so before we do that, what -- let's talk about what payne calls the master narrative of the movement. what are some of the components that charles p

payne pursuant to h.res. 8, i inform the house that mr. payne will vote yes on h.r. 1204. the speaker pro tempore: for what purpose does the gentleman from illinois seek recognition? mr. garcia: mr. speaker, as the member designated mr. grijalva, pursuant to h.res. 8, i inform the house that mr. grijalva will vote yes on h.r. 1204. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> thank you, mr. speaker. as the member designated by mr. bab -- babin of the great state of texas, pursuant to h.res. 8, i inform the house that mr. babin will be a nay on h.r. 1204. the speaker pro tempore: for what purpose does the gentlewoman from virginia seek recognition? ms. wexton: mr. speaker, as the member designated by mr. mceachin, pursuant to h.res. 8, i inform the house that mr. mceachin will vote yes on h.r. 1204. the speaker pro tempore: for what purpose does the gentlewoman from florida seek recognition? >> as the member designated by mr. mccaul, pursuant to h.res. 8, i inform the house that mr. mccaul will vote yes on h.r. 1204. thank you

payne will vote yea on the dean amendment. sphroirp does the gentleman from pennsylvania seek recognition? >> thank you, mr. speaker. as the member designated by ms. stefanik of new york, pursuant to house resolution 8, i inform the house that ms. stefanik will vote no on the dean amendment number 5. additionally, mr. speaker, as the member designated by mr. gonzalez of ohio, pursuant to house resolution 8, i inform the house that mr. gonzalez will also vote no on the dean amendment number 5. sphroirp does the gentlewoman from virginia seek recognition? >> as the member designated by mr. mceachin, pursuant to house resolution 8, i inform the house that mr. mceachin will vote yes on the dean amendment. the speaker pro tempore: on this vote, the yeas are 219. the nays are 204. the amendment is adopted. the speaker pro tempore: the amendment is adopted. pursuant to clause 8 of rule 20, the unfinished business is the question on amendment 6 printed in part c of house report 117-125 offered by the gentlewoman from the virgin island

payne. do you believe that forgiveness review process by the sba is challenging and time consuming? are there earn is steps that add extra days to the review? >> when going into that review, it is a time consuming process because it's not typical that we have-- that the lender has a direct communication with the sba representative, it's basically, you know, sent out and sometimes in the everyday and then we're asking for additional documentation and sometimes we're repeating ourselves and we have to reach out and get additional information and not always understanding what that is going to do for the loan itself in terms of forgiveness, so, it adds frustration and confusion and stress for the borrower in terms of the review. so there's a lot of times and it can add other stresses that the small business owner does not need at the time. >> i have another question and i think my time is up so i'll yield my time back, thank you. >> gentle lady yields back and now we recognize the gentle lady fr

donald payne, pursuant to many res, i inform the house that mr. payne will vote yes on h.r. 3533. the speaker pro tempore: for what purpose does the gentleman from pennsylvania rise? >> as the member designated by ms. stefanik of new york, pursuant to house resolution 8, i inform the house that ms. stefanik will vote yes on h.r. 3533. as the member designated by mr. gibbs of ohio, pursuant to house resolution 8, i inform the house that mr. gibbs will vote yes on h.r. 3533. the speaker pro tempore: for what purpose does the gentleman from illinois rise? >> as the member designated by mr. grijalva pursuant to h. res. 8, i inform the house that mr. grijalva will vote yes on yes on h.r. 3533. the speaker pro tempore: for what purpose does the gentleman from pennsylvania rise? >> as the member designated by mr. lawson pursuant to house resolution 8, i inform the house that mr. lawson will vote yes. the speaker pro tempore: for what purpose does the gentleman from ohio rise. the speaker pro tempore: for what purpose does the gentleman from ohio rise? >> as the member designated by mr. r

payne of new jersey, that mr. payne will vote yea on the maloney amendment. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? >> madam speaker, as the member designated mr. ryan of ohio, pursuant to h. res. 8, i inform the house that mr. ryan will vote yes on the maloney amendment. the speaker pro tempore: for what purpose does the gentlewoman from connecticut seek recognition? mrs. hayes: as the member designated by ms. wilson, pursuant to h. res. 8, i inform the house that ms. wilson will vote yes on the maloney amendment. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> madam speaker, as the member designated -- mr. swalwell, pursuant to h. res. 8, i inform the house that mr. swalwell will vote yea on the maloney amendment. the speaker pro tempore: for what purpose does the gentleman from south carolina seek recognition? >> madam speaker, as the member designated mr. rice of south carolina, pursuant to h. res. 8, i inform the house that mr. rice will vote nay on the malo

donald payne, pursuant to h. res. 8, i inform the house that mr. payne will vote yes. as the member designated by mr. sir res, pursuant to h. res. 8, i inform the house that mr. sires will vote yes on h.r. 4686. the speaker pro tempore: for what purpose does the gentleman from illinois seek recognition? the speaker pro tempore: the yeas are 40 # and the nays are 17. 2/3 being in the affirmative, the rule is suspended and without objection, the motion toreconsider is laid on the table. pursuant to clause 8 of rule 20 unfinished business is vote on the motion of the the gentleman from virginia mr. scott to pass s.848. the clerk: an amendment to amend the higher education act in order to improve the service for teacher grant recipients and for other purposes. the speaker pro tempore: the question is will the house suspend the rules and suspend the bill. members will record their votes by electronic device. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned co

one of the main things that we are going to do, our main point today is to look at what charles payne calls the master narrative of the movement, and what we're gonna do is begin to establish and look at what some of the major tropes and issues are in terms of what this master narrative is. think a little bit about why this master narrative has endured and what kind of purpose is serves for us, even five, six decades since the height of the civil rights movement. more importantly, we're going to kind of reassemble the narrative, or re-center the narrative, moving away from this master narrative to a narrative that is much more inclusive, a narrative that is going to center in our case today, black women in the civil rights movement. right? before we do that, let's talk about what pain calls the master narrative of the movement, okay? so what is the master narrative of the movement? what are some of the components that charles payne is getting us to think about about what the master narrative is when we think about the civil rights movement? what are some of those components? yes. >> h

brian, payne capital management president and host of payne points of wealth, podcast ryan payne and, gentlemen, great to see you this morning. thanks very much, ryan kicking things off with you as this market hoovers near the flat line and we await consumer price index at 8:00 a.m. eastern, what do you think is driving the markets right now, producer was up, do you think we will see this passed onto consumer side of things today? >> yeah, i do, absolutely. i'm reading the tealeaves last week producer price index, remember, that's what companies pay, inflation, wholesale inflation, that came in higher than expected and, again, what i think right now is companies, prices are going up, costs are going up. they will raise prices on you and me. the other data last week that i think was interesting, maria, that jolts report, that came higher than expected, there was 900,000 more jobs available than was projected. we had 10 million jobs and 10.9 openings and, again, we only know there's only 9 million plus people in unemployment. that says to me the labor shortage is going to get real by t

kedric payne is joining us.justin next nation of what your organization does -- just an explanation of what your organization does. guest: we are a nonpartisan, nonprofit organization whose mission is to advance democracy. we want to make sure government is responsive to the people and we make the public aware of ethics issues and reforms that are needed to make sure our government is responsive. host: take us back to the beginning of the biden administration and the campaign. what is president biden going to do to create "the most rigorous ethics in history" in his campaign? guest: he has one of the most detailed plans of ethics reforms in 20 years. he had a list that would show various gaps in campaign-finance, lobbying reform, conflict of interest, and political interest on the department of justice investigations. host: how is he doing on keeping those promises? guest: you look at whether those promises have been fulfilled, you see that there are -- there's a lot of work that needs to be done. of those 25 pr

good afternoon, everyone, i'm charles payne. this is "making money." jerome, jay powell, say his name, folks, he pulled it off. announces taper he got investors to cheer instead of throwing a tantrum. did you buy the dip? not too late as the rally survived the biggest scare of 2021. where will it go from here? what will be the biggest winners? more moonshot investing ideas. we'll look at ecosystem of it all. the clock is ticking on the debt ceiling and government shutdown. i will talk the political ramifications with larry kudlow and stock market implications with rebecca walser. the empire strikes back. all forces of government circling to stop the cryptorevolution, can it stop. don't look now but amazon wants to open department stores. you heard me right. all that and much more on "making money." ♪. charles: folks, it is all about moonshots, right? the market on the run after getting a green light from jay powell that we might be in a goldilocks scenario. the fed is in the midst of winding down monthly asset purchases there won't be any rate exwho. t

and charisse payne. mr. payne's life is legendary and he represents the best of san francisco. we are forever indebted for his service to this city. the rest i submit. >> clerk: thank you, supervisor mar. mr. president, seeing no other names on the roster, that concludes the introduction of new business. >> president walton: thank you so much, madam clerk. let's move on to public comment >> clerk: at this time the board of supervisors welcomes general public comment. the best way to provide public comment and avoid signal delay is to listen from your touch phone. you will be in sync to listen to the proceeding and provide public comment. the number is streaming on your screen and it is 1-(415)-655-0001. when you hear the prompt, enter the meeting i.d., 2491 975 9362 press pound twice. and you will have joined the meeting. you will hear the discussion, you'll be muted and in the listening queue. to be added to the speaker queue to provide comment, press star 3. when it is your turn, the system will send y

here is charles payne. >> neil, thank you very much. good afternoon, everyone, i'm charles payne. this is "making money." the 10-year bond yield is breaking out with speed to the upside. this brings back memories of march. you remember bond yield spikes, stock market got slammed. especially growth laden nasdaq. tina, the only game in town is that about to change? my market bros have ideas and how to navigate. this the electric vehicle races, it is electric. celebrity backed spacs ford dropping a bundle to be a big player. there are big winners and losers, we have you covered with one of the best auto industry names out there. citadel accusing their founder of lying to congress and the to the american people. trey's trades host joins me what it means in this quest for a level playing field. by the way speaking of diamond hands, i have a question for you, who is most likely to fold and panic sell in a session like this, men or women? tweet me @cvpayne. all that and more on "making money". ♪. charles: so we've seen this movie before back in february and march, you remember the 10-yea

great to fill in for charles payne, making money.you solid markets on the final hour of the trading day of september. >> we shall see if that will happen. the market is kicking off in september at historic highs. s&p 500 and then nasdaq amy for new records what was historically the worst month for stocks taking a look at the dow and the red 24 points, s&p of six and half and nasdaq up 77 and change today's rally coming one day after the official end of america's longest war in the largest evacuation in american history but the chairman of the joint chiefs of staff says

miss payne, i'd just like to start with you if i might. from your own perspective, what were some of the considerations that went into you offering your own ppp forgiveness platform as opposed to the fba's? >> well the first consideration with that, there was no [inaudible] that fba was offering or putting out their. the forgiveness process was technically a start, almost [inaudible] forget applications in september. of 2020. so we need to put something in place. and we gave [inaudible] program, we trained our staff, and we put other resources. we wanted to be [inaudible] this was a temporary loan to help this nurses get through a very chaotic and dramatic time, and they needed to know that this was [inaudible] not that they had original. debt so we responded to what's the need was. that's what we did. we initiated our platform and invested the money and time. >> most of your credit union members, rather than the sva, how would you evaluate the outcomes? are they comparable and are there things that jump out at you that are cause for alarm

good afternoon, everyone, this is charles payne. this is "making money." you heard it, breaking right now, face it, we knew the day was coming a big drawdown challenging investors enjoying one of the calmest rides in history. it includes a implosion after chinese property developer, evergreen and remaking of chinese business in general, runaway inflation here in the united states, wall street collectively now calling for a correction. face it, general malaise in this nation after an avalanche of bad news and ugly developments so how do you hedge your portfolio and should you still be buying the dip? i have you covered with some of the best. progressives democrats declaring war on moderates. aoc and company flexing their muscle as president biden continues to lose political capital. what a democratic civil war means for policy and our economy. all that and so much more on "making money". ♪. charles: all right, folks the market began the session under significant pressure. this as investors are grappling with an array of issues. property developer evergrande

charles: good afternoon, everyone, i'm charles payne. this is making money. it is another sloppy session. it follows the lowest volume session of year. summer doldrums? maybe, but could be start after rocky ride others say we may be overdue. don't fret, we have great guests. larry kudlow what it means on when everybody gets back to work. you thought lawmakers, big money flex the rules? you might be on to something. don luskin is talking about the real insider trading going on and what should be done about it. as president biden channels jimmy carter with solar pledge, oil and gas prices continue to soar. what is the best investment? david bahnsen is with us. best investment any country can make is education. cities like richmond, gyp i can't, take down robert e. lee statues liberal cities are turning out unprepared kids and young adults. patrice lee onwuka will take that on, all on "making money." charles: another slow session where much of the market can't get off the mark. another false start. we saw the lowest volume for the s&p and anticipation of a post

might have a tougher go but we will keep a close eye on it as well my buddy charles came-- charles payne who told me too calm down on monday. remember that. charles: good afternoon, folks. it's been a real crazy week and it ain't over yet. this is "making money with charles payne" i have to tell you one thing that's not in the news, it's a great time to be an american. our wealth is a soaring and it's mostly because of the crazy stock market. the question is why are you still on the sidelines? i say congratulate, get in, the water is five. we will talk to brian westberry about tax policy that could derail the party and did you get your piece of the action, get anything from the oldest industries to those booming right now and we have them for you. lots of news out of china, but evergrande and crypto not the biggest threat to our economy. i'm asking gordon what's really happening with this war on wealth was something going on. bitcoin may not be the currency of the future, once we-- cody is here to explain why ethereum it may be the top dog, all of that so much more on "making money with

charles: good afternoon, everyone, i'm charles payne. this is "making money" for the first part of the session the market was bouncing around in a tight range and held ski support and now taking off. maybe this is consolidation and maybe time to consider buy the dip again but the calendar says september pain might only be getting started. a key correlation once taken as gospel way out of what being, what does it mean about inflation? could it be here to stay? i have an amazing lineup of folks to heavy help navigate this extremely difficult market. president biden meeting with ceos how to. house democrats quest for the welfare state means stripping away the nuclear family. now they have launched a war on marriage. it is so critical to everything. all that and so much more on "making money". ♪. charles: all right. so the word of the stay is head-scratcher. although that might be two words, okay? really to describe what is happening with this market in recent days. it all starts really with inflation, right? it is all about inflation, impac

solomon payne's separate congregational church in canterbury. but after a while he declared that was revealed to him by god that marry smith was to be his wife. and what he was questioned upon it. he said he did not pretend to put away the wife he then had. but divine providence would take her out of the way. this appeared so dark that the church called him to account for it and the pastor openly told him in the church that this principle carried murder in its nature. but smith would not hear the church and therefore was cast out that is excommunicated. and three or four months after he went to an apothecary at norwich and bought some rats bane with which to a supposed the woman he had a fancy for poisoned his wife. so the murder of metabol smith was a crime of passion, but if backus is report is to be trusted then the perpetrators were motivated by a kind of religious passion born of the riotous revivals and ecclesiastical controversies that american religious historians have called the first great awakening and so we might properly think of th

i'm charles payne and this is making money and raking right now another rock a session with an early rally that fizzled pretty quickly and coming back a little bit, but really there are two things, some are wondering if it's time to cut and run with major firms assaying the rally is due to hit a speed bump but there is one data point that has a one 100% accuracy rate that says you should buy the dip. i have some great lines and ideas for you and the show plus president biden showing-- throwing down the gauntlet on unvaccinated americans, but will strong-arming businesses help? and it comes to chronic unemployment there is evidence of high vaccination rates that may not be that you work and hours away from the 20th anniversary of 9/11 and we will share stories from that day as the towers were hit including a special guest who survived hours under the rubble of 220 stories a building, all of that and so much more on a "making money with charles payne". ♪♪ charles: as we head into the weekend investors are faced with one question, by the dip or run for the hills. it's been a year of wil

payne, your organization? >> it's going to found very similar for us as well and we actually brought on three temporary employees to help us through the p.p.p. forgiveness and working very well for us. and we -- our platform as well. >> ok. and finally, what -- p.p.p. was big in getting funded at the door when it was first going, that was a big question to employers, how they're going to keep open and p.p.p. was a big help. and for many of the witnesses, ms. payne, ms. fisher, anyone, what are you hearing -- now that the p.p.p. program, what concerns are you hearing from small businesses now? >> the big concern what will happen with the next wave if it will lead to shutdowns and we're seeing mass -- mask mandates for schools. and there is a lot of uncertainty with business which is always problematic. so, you know -- >> uncertainty over the regulations on how to handle -- i don't think there will be but if there is another shutdown? >> correct, yeah. >> i was going to add that from our perspective there's a lo

so later today my colleague senator clover char along with senators payne, king, manchin and warnock will be introducing the freedom to vote, a compromise voting rights bill i intend to schedule avote on in the near future . to piece this bill together i'm proud to have convened and worked with eight members of my caucus. 4 progresses and 4 moderates in bringing this bill to fruition. compromise proposal contains many of the important provisions of previous voting right bills championed by senate democrats particularly by my colleague senator merkley. it will protect the right to vote, put a stop to partisan gerrymandering and thescourge of dark money in our politics . the legislation also incorporates important feedback from elected officials and includes new measures to promote greater voter confidence while stoppingpartisan election suppression . this is a good proposal, one that nobody in this chamber should oppose. my colleague senator manchin is working with -republicans to secure support for the bill. we look forward to hearing what changes they might make on legislation. i ap

charles payne will take a look at whether this adds up. they insist had this is paid for. that's interesting. that's assuming it is paid for and whether we are talking about a $3.5-trillion or something more expensive. this is a lot more expensive? >> yes. chad mentioned wars and pandemic and accounting tricks and gimmicks. [laughing]. i know president biden said we can go after the trillionairs and billionaires. a lot of people have fun with that. there is not enough money. this week the thing that should strike everyone watching this show the biden administration wants the power to track bank accounts where there are $600 transactions. they are zeroing in on everyone's wallets. the notion of paying for this, we will tax someone and use the money to fund these programs, there is a cost to that. they are taxing small businesses and large businesses. because you are taxing people who create opportunities and jobs. there is a huge cost to in that is extremely unavoidable. do you want the government to confiscate this money by any means necessary or a country that pulled itse

and charisse payne. mr. payne's life is legendary and he represents the best of san francisco. we are forever indebted for his service to this city. the rest i submit. >> clerk: thank you, supervisor mar. mr. president, seeing no other names on the roster, that concludes the introduction of new business. >> president walton: thank you so much, madam clerk. let's move on to public comment >> clerk: at this time the board of supervisors welcomes general public comment. the best way to provide public comment and avoid signal delay is to listen from your touch phone. you will be in sync to listen to the proceeding and provide public comment. the number is streaming on your screen and it is 1-(415)-655-0001. when you hear the prompt, enter the meeting i.d., 2491 975 9362 press pound twice. and you will have joined the meeting. you will hear the discussion, you'll be muted and in the listening queue. to be added to the speaker queue to provide comment, press star 3. when it is your turn, the system will send y

payne will vote yea on s. 1828. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> mr. speaker, as the member designated by congress member napolitano, pursuant to house resolution 8, i inform the house that congress member napolitano will vote yes on s. 1828. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> mr. speaker, as the member designated by mr. burgess of texas, pursuant to house resolution 8, i inform the house that mr. burgess will vote yes on 1828. the speaker pro tempore: on this vote the yeas are 427, and the nays are zero. zero recorded as present. 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection, the motion to reconsider is laid on the table. for what purpose does the gentlewoman from connecticut, ms. delauro, seek recognition? ms. delauro: mr. speaker, pursuant to house resolution 667, i call up the bill h.r. 5305, making continuing appropriations for t

thomas payne wrote a pamphlet about in the wake of this, i don't know whether payne really believed this he was trying to smooth over the fallout from arnold's treason, he pointed that out to people. but having said that, there is a second thing here too, many people argue that arnold just was after the money, and he did get a great deal of money from the british for turning coat, but there is another side to that equation, and that is that arnold owned a considerable amount of property in new england, and if america wound up winning the war, he's going to lose all of that property, so it would really be a trade off, he would lose valuable property but gain the money that the british were going to pay him. he could have done probably just as well financially had he remained on the american side, but one of the things that intrigued me about arnold is he negotiated with the british through intermediaries, and those intermediaries report to sir henry clanton. for a long time clanton didn't know who it was that the intermediaries were talking to. he assumed it was an important american who

payne will vote yea on h.r. 5305. the speaker pro tempore: for what purpose does the gentlewoman from massachusetts seek recognition? ms. clark: as the member designated by ms. frankel, pursuant to h. res. 8, i inform the house that ms. frankel will vote yes on h.r. 5305. as the member designated mr. cooper, pursuant to h. res. 8, i inform the house that mr. cooper will vote yes on h.r. 5305. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> as the member designated by mr. cardenas, pursuant to h. res. 8, i inform the house that mr. car dina as will voteey on h.r. 5305. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? mr. kildee: mr. speaker, as the member designated mr. ryan of ohio, pursuant to h. res. 8, i inform the house that mr. ryan will vote yes on h.r. 5305. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> mr. speaker, as the member designated by representative morelle, pu

good afternoon, everyone, i'm charles payne and this is "making money." the market getting back off the canvas after yesterday's gut punch but it has me wondering have we been spoiled by this rally? we haven't had one single session this year pulled back 3%. is it a cause for concern or should it make us more emboldened? i have a line of guests to help make sense of it all. jay powell's days could be numbered, how a thrashing from senators may be a clue that we may have a new federal reserve chair. what it means for your portfolio amazon showing new robot, not the jeffersons but could be for the company going forward, with moonshots and more. all that on "making money. ♪. charles: all right, so once again the market exhibiting really pretty good resolve, right? we were not up as much as we were. the entire year we haven't had a single session down 3%. i'm calling the "true grit" rally, right? i'm talking about the original one with john wayne, not the remake. making investors the exact opposite of tough. they expect every rally to be shallow, therefore it

payne, why do you believe the forgiveness review process by the s.b.a. is challenging and time consuming? are there certain steps that add extra days to the review? >> and under loan review, it is a time-consuming process. because it's not typically that we have -- that the lender has a direct communication with the s.b.a. representative. when an email is sent out and sometimes it can be very vague. and then we're asking for additional documentation. sometimes if we're -- and we're repeating ourselves, sometimes we have to reach out and get additional information. not a misunderstanding of what that is going to do for the loan itself in terms of forgiveness. so it does add days and also adds frustration and stress for the borrower in terms of the fear of a wide-waning -- wide-ranging review it can add stress that a small business owner does not need at this time. >> i have another question to ask but i think my time is up. so i will yield my time back. thank you. >> the gentlelady yields back and we recognize the gentlelady from texas. >> thank you very

good afternoon, everyone, i'm charles payne. this is "making money."he market is trying to shake off the rusty start of week but having trouble maintaining traction. wall street firms are hiking s&p 500 target this year, but we have the strategist that has been ahead of the street more than a decade. his target is still higher than theirs. we'll tell you why. you should take greater control of your investing portfolio. as neil said, president biden trying to get americans vaccinated after throwing a fit missing the july 4th target. what he has to do to restore confidence with americans. i have a hint. don't diss them. sec chair gary gensler stalling on steps to help individual investors with hedge fund and one-sided rules but guess what? going after crypto. how that is a hurting the little guy. all that and much more on "making money"? ♪. charles: so after a couple of couple rocky starts to start the weekend, a ugly overnight trading session. we came out out of the gate very strong and led by reopening stocks and but faulty structure of major indices i

here is charles payne. charles: thank you, neil. i'm charles payne. this is "making money." breaking now, the major indices bolted out of the gate but never gained traction. the question, is the veneer of the rally starting to fade? after a five-day losing streak that was shallow but advised investors since the month of may the closing highs really masked ugly internals. we have what you need for your portfolio to be protected. we'll zero in on opportunities. democrats rolling out massive tax hikes they say will only affect america's richest people and businesses that pay for president biden's welfare agenda. it is likely to hurt your wallet too. what you need to know. draconian covid measures put small businesses in a chokehold. the white house is under fire forcing businesses to become vaccine police. carol roth is here to sound off on that. all that and so much more on "making money." ♪. charles: let's call it a big bounce monday, at least started that way, right? listen make no mistake, there have been serious cracks in the vennel near of this rally for many, many weeks.

sick seconds over, charles payne. forgive me my friend. it is always yours. charles: thank you so much, david, great seeing you my friend. hello, i'm charles payne. this is "making money." the script has flipped again. value stocks with all the momentum while megagrowth names are taking it on the chin. using a key metric this market has gotten a lot cheaper but is that your buy signal? corporations are buy back shares at breakneck pace. should you follow on the coattails? we'll tell you which. i've been focusing on oil stocks. i hope you have been in, the question is it too late to pile in? i have one of the most brilliant oil analysts and she has the answer. it is tired old act, but congress waiting to the 11th hour to avoid a government shutdown. why a d.c. closure may actually help your portfolio. that and so much or mon making morning -- on "making money. >> now, don't look now, there go the bond yields. they're surging again as pressure on growth as investors rotate into value. that is great news if you're invested in financial and energy stocks. meanwhi

charles payne ordered 1000 of them. charles: my kids have.'m working with that brick phone in the movie wall street. neil: i hear you. charles: good afternoon, i'm charles payne. this is "making money." breaking right now with key inflation measures on the decline. signs that we could emerge from the clutches of everyday prices. that is one message. another message ominous in the cpi report. maybe it reflects the fact that the virus won't go away. i wonder if there is a stealth bear market at this very moment. does it mean they're buying opportunities for you. a lot of oversold stocks in this market right now. facebook's dark tactics now exposed. certain celebrities and politicians are exempt from rules and how they're harming our teenage girls. aoc thought she was sending a message with tax the rich met gala. why she only ended up being a hypocrite instead but maybe the person who gave her the dress got a tax writeoff. that is delicious irony. all that and more on "making money." ♪. the august cpi report showed key price declines in several

payne will vote yes on s.18 #. the speaker pro tempore: for what purpose does gentlelady from pennsylvania seek recognition? >> as the member designated by pursuant to h. res. 8, i inform the house that ms. walls will vote yes on s.189. the speaker pro tempore: for what purpose does the gentleman seek recognition? >> as the member designated by mr. ryan of ohio, pursuant to house resolution 8, i inform the house that mr. ryan will vote yes on s. 189. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? mr. jeffries: as the member designated by congresswoman grace meng, pursuant to house resolution 8, i inform the house that congresswoman meng will vote yea on s.189. the speaker pro tempore: on this vote, the yeas are 423, and the nays are zero. 2/3 being in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from louisiana seek recognition? >> madam speaker, by d

now, charles payne. charles?harles: neil, thank you very much and appreciate what you did all day today. took us way back. good afternoon. neil: way back. charles: i'm charles payne. yeah. this is "making money." breaking right now, folks, the major indices are struggling this holiday weekend short week rather. a little sluggish now but there are hot spots to be found including megacap names continue to be immune to gravitationalful. we have market watchers out there to help awe and i have a couple ideas to share with you. unemployment benefits are done so will people finally return to the workforce? i will ask my favorite economist, brian wesbury. president biden shifting to the domestic agenda. he is visiting damage in the northeast and catastrophe and flooding and that followed hurricane ida. currently in new jersey, at this hour where he is pitching his spending plan. he has to only convince a audience of two to fundamentally change america. all that and more on "making money." ♪. charles: it was an amazing w

donald payne pursuant to h. res. 8, i inform the house that mr. payne will vote yes on h.r. 3599. as the member designated by mr. sir res, pursuant to h. res. 8, i inform the house that mr. sir res will vote yes. >> as the member designated by mr. mccaul, pursuant to h. res. 8, i inform the house that mr. mccaul will vote yes on h.r. 3599. the speaker pro tempore: for what purpose does the gentleman from texas seek recognition? >> i want to correct my proxy vote. pursuant to h. res. 8, mr. babin will be a yes on h.r. 3599. thank you. the speaker pro tempore: on this vote the yeas are 410. the nays are 15. 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. the speaker pro tempore: for what purpose does the gentleman from massachusetts seek recognition? >> madam speaker, pursuant to h.res. 8, i inform the house -- pursuant to hues 888,. the speaker pro tempore: the clerk will report the title the bill. senate 1303 an act to provide by the bubble of the secretary

good afternoon, everyone, i'm charles payne. this is "making money."tors to cheer instead of throwing a tantrum. did you buy the dip? not too late as the rally survived the biggest scare of 2021. where will it go from here? what will be the biggest

i'm charles payne. this is "making money." breaking right now the dip is being bought but not with the same vigor as prior dips. wee talk about the technical hurdles, geopolitical risk are and washington, d.c. which is becoming a greater drag on markets. i have got the pros and myself with ideas to get you ahead. how do you invest in the future world that doesn't look as it does today? digital economy, ideas on hot industries. more importantly how to raise money to pursue your dreams. speaking of the future, it is likely built on blockchain and driven by crypto, if governments get out of the way. that is a real big if. we'll debate that and more on "making money." ♪. charles: so the buy the dips crowd made their move yesterday at 3:15 on the nose. we saw the pickup again this morning although the preopening momentum it stalled folks at 4:00 a.m hit a top that has been resistance all day. none of yesterday's concerns have actually been addressed. there is a sense maybe the reaction was too harsh. let's not forget the underlying