right now is charles payne. hey, charles. charles: hey, neil, thank you very much, my friend. good afternoon, everyone, i'm charles payne and this is "making money." breaking right now, president-elect joe biden and vice-president elect kamala harris on the way to washington. he getting emotional saying good-bye to his son beau. the confirmation hearing was really a tug-of-war over 15-dollar minimum wage, salt deductions, taxing ago sets, how much debt is too much debt. i will get reaction from my two favorite economists and several market watchers during the show. the rally keeping money buoyant. it's a stock-pickers market. get ready for ideas including the best trades before the close. all that and much more own "making money". ♪. charles: so today's confirmation hearing for janet yellen is really the big market moving news of the session, having been the chairman of president clinton's economic council and of course the head of the federal reserve her confirmation is a slam dunk. instead the real drama how well she promoted the agenda of president-elect biden and need to q

charles: dr.ou, echoing the thoughts of so many frustrated parent particularly here in new york city where mayor de blasio announced the schools will remain closed for the remainder of the year. what happened to follow the science? the cdc says there is little evidence of coronavirus transmission in schools. so what's driving this? >> well, charles, first of all, people have a right to be angry. when they see a teacher that is vaccinated and still refuses to go to school or can't go to work and school because the union won't let them. people have a right to be angry. this is settled science, okay? an article came out in the "journal of the american medical association" two days ago that basically concluded that little evidence to suggest community transmission in schools. this is settled science, a study of mississippi kids found those who had the infection got it not from schools but got it from social gatherings and from home. a study of 90,000 kids in north carolina across 11 school districts f

charles: right.o you feel pressure now to police these different sites, these different, even within the areas you discuss there will be different repses of opinion. there will be flareups. there will be push, pull, there will be people trying to push an agenda, how much pressure are you under to police all of that? >> monitoring the behavior on a platform is one of the hardest things but clouthub is actually breaking ground in doing this. we use a.i. to monitor it. it has been very effective. there are certain words you can use on our platform will never post. we pub accomplish those list of words in our terms of service. so everyone knows up front what we're about. we do not allow violence on our platform. we do not allow hate. if you tried to use the "n-word" on your platform, type a post, when you hit publish it will get a pop up that says this is not appropriate for clouthub. we view ourselves as a modern town hall and civil discourse, bringing people together. charles: jeff, i went to a link fo

thank you, charles. charles: you too.ftershocks of ibm and intel 's disappointing quarterly results. this , as president biden, lays out new executive orders to help

charles: yeah.i think that is, i think it is demonstrating that yes, wall street still has faith in these companies and we're bullish going into the earnings reports. however, i will note that because they're up on you know, all-time highs, that after the reports come out, we will probably see a little bit of a pull back just after that, you know, experience is over. charles: sure. sure. i mean with the conditions are ripe for selling on the news, but i would caution i think if you're a long term investor, even shorter term not necessarily get spooked by that. michelle, what are you doing with these megacap names right now? >> i have a little bit of a different perspective because i'm looking at poe tending and i don't see that much potential. maybe we see microsoft go up another 20, $40 or amazon go up another $40. take something we talked about, teledoc, it has gone up over $70 the last couple weeks and went up $20 today. i'm really thinking if you want portfolio in longer term stocks. forget the

he will be joining us tonight, charles. thanks for all your help while i was out but good to see you, my friend. happy new year. charles: happy new year, neil, always my pleasure. i cannot wait for tonight. good afternoon, folks, i'm charles payne. this is "making money." breaking at this moment georgia voters casting the ballots determining the fate of senate and the ability for president-elect joe biden to pass his extremely leftist agenda. the markets are no not predicting a democratic sweep. in fact the exact opposite for the peach state. why the true message of the market strongly in favor of republicans maintaining control in capitol hill. how you can make big money from short squeezes. also wall street firms rapidly changing their minds early in the year where they should be invested. the pivotal upgrades you must know. the last front, rather for president trump's battle to overturn the 2020 election. he has a ton of lawmakers going to battle for them tomorrow. we have one of them, texas congressman lance gooden will

charles: u.s.tedly considering prohibiting from americans investing in alibaba and tencent as part of president trump's efforts to unwind u.s. invests in china. the question will a biden white house keep up this hard-line? lauren simonetti has more. lauren? reporter: charles, that answer is debatable but president trump's recent hard-line against chinese companies is pushing china higher on president-elect joe biden's agenda and helping to determine how hard a line he will take against our biggest ally, i'm sorry, our biggest competitor, quite frankly, charles, our biggest threat as well. so the latest action is "wall street journal" report of a potential ban on americans investments in alibaba which we call the amazon much china and tencent which owns the popular wechat. the reason is alleged ties to the chinese military but together these two companies are worth more than one trillion dollars. neither has responded to the allegations. now this journal report comes the same week that the new york

now to charles payne. hey, charles. charles: hey, neil. neil, thank you very much. good afternoon, everyone, i'm charles payne. this is "making money." breaking right now -- >> this is america's day. this is democracy's day. a day of history and hope. i will be a president for all-americans, all americans. charles: president joe biden focusing his inaugural speech on the theme of unity and hope. while words do indeed matter, deeds matter more. some are worried that the new agenda might derail the chance of a more united states. we'll get reaction from tammy bruce coming right up. in one of his first official acts as president, joe biden signing a lit litany of executive orders. what will this mean for you and your family and the economy. we'll have answers from peter morici and our investing pros. that and much more on "making money." ♪. charles: we're focusing on the biden economic agenda will be driven by a desire to address issues of race, inequalities rather than the impact on the gdp. this is novel, folks, they will argue for big money all the time, traditional

charles: yeah.other side of this, they're losing corporate donors by the, every minute a new name comes up. we'll follow up on that later, liz peek, thank you very much. always appreciate your sage thinking there. meantime, shares of twitter are tumbling after all of this drama, wiping out billions of dollars in market value from its site and other social media market sites. more on the market impact now. i want to bring in chief investment strategist at strategic wealth partners nate fisher along with gibbs wealth management erin gibbs. before we get to the broad market, let me ask you, your thoughts how deeply these corporations should be getting into politics? i don't know if they crossed the rubicon, erin and they have gone deep and i am concerned about it. >> i am concerned, how many times have they all been hauled in front of congress because they're not monitoring their accounts. because they're knot not on top of screening or letting in fake accounts. they're between a rock and hard place al

charles: right.to go out to make smart acquisitions. they will expand into new markets. sales are already up 100 to 300% annually from some of these top operators. we're expecting that trend to only continue as new states open up like new york which is the grand prize for legalized. charles: i know new jersey, said yes, maybe yes. seems like it is going to happen. obviously wall street investors paying attention now. if it lives up to the hype this is just the beginning. nick, thank you very. appreciate it. >>> meanwhile folks president trump is warning impeachment is a danger to the u.s. as the house prepares to vote tomorrow. we'll get reaction from florida congressman matt gaetz next. after a month of lockdowns new york governor cuomo is changing his tune about reopening the economy. but it seems like it may be too little too late for thousands of small new york businesses. we'll be right back. ♪. much you're clearly someone who takes care of yourself. so why wait to screen for colon cancer? becau

charles: mitch, great seeing you. liz claman, over to you. liz: happy friday, charles.package. giving rise to this question: how are we going to pay for it? that's the fears of tax hikes on the horizon which is tripping up the bulls, but we are well off session lows. the dow down 89, the s&p down 17, the nasdaq lower by 78. in this hour we do expect president-elect joe biden will appear before the cameras to reveal the details of his plan to give a covid-19 shot in the arm to all americans and to speed up this process. the company already

charles: yeah.a fine point on that i also think the way the s&p is moving towards these esg stocks, adding tesla, the dow becomes even more irrelevant. but i do want to focus on the idea looking for stocks that pay out strong dividends. i think people should have a couple in their portfolio. last year you mentioned the dow, nasdaq, fang was responsible for more than half the gains in the s&p but we did see the broadening out of the rally. at the end of the year this, was a theme that a lot of people jumped on. do you think that folks should guess, maybe, start to broaden out their portfolio or ride the momentum until the wheels come off? >> i think it is a bit of both. i think riding momentum in terms of big tech stocks will still work for 2021 and probably beyond because that is where the growth is. of all the big tech companies are the megacap tech darlings are seeing pushback from regulators in the united states and europe and perhaps further around the globe. so there are going to be pressures o

charles payne right now. hey, charles. charles: great news, neil, investors can go along with the ride. big money in aerospace. can't wait to see the interview, my friend. neil: awesome, buddy. charles: thank you, neil. president biden talking about fighting covid-19 and wrapping up vaccinations and testing nationwide masks mandate and reopening schools and businesses. we'll bring you the latest when we have it. we'll get reaction from rebecca walser the true price of the biden fan. >>> growth stocks are on fire. housing boom are lifting homebuilders. stocks own when inflation spikes. by the way magical things happen to companies that are 100 years old and reinvent themselves. we'll explain. meanwhile china expressing hope for better relations now that joe biden is in the white house. will the president's desire to be a good global citizen help china supplant the u.s. as the world's number one country? all that and so much more on "making money". ♪. charles: so stocks and commodities continue to be a sea of green. there ar

charles: yeah.ttom line is that many of them showed a tremendous amount of appreciation at the time because to your, what you're saying, particularly with the advent of covid, a lot of them thought they would go out of business. you know you got the basics and you build from there. john, you're one of my favorite level-headed guests when it comes to politics and markets. i don't know if you considered to throw your hat in the ring to be part of new york city's next mayor? i think there is some pace. highest profile candidate andrew yang made a series of mistakes. the problem here is virtue signaling. going into a bodega not really a bodega where should the next mayor of new york city to be, template for other urban states and cities? >> exactly, charles. you know, we have an environment where our small businesses, no matter who you are, are actually suffering, right? new york city a melting pot. we have every ethnic and demographic here represented here in new york city and you know what? small busi

charles: all right.l, and i've got to tell you, i don't know, i think this is a new fed that's more concerned about social justice than they are about some of their traditional mandates. we'll see what happens there, but i think everyone agrees coming into the year a lot of cash cascading. anthony chan, danielle dimartino booth, thank you both very much. >>> coming up, my interview i with georgia republican congressman jody hice on this week's violence in washington, the outcome of the georgia runoff election and the legacy of donald trump. don't go anywhere. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ anywhere convenience. everyday security. bankers here to help. for wherever you want to go. chase. make more of what's yours. it's time for theraflu hot liquid medicine. powerful relief so you can restore and recover. theraflu hot beats cold. ♪ charles: the president condemning the capitol riots and promising a peaceful transition of power in a speech on thursday night, but by then several members of the staff and administration had

charles: all right.l, and i've got to tell you, i don't know, i think this is a new fed that's more concerned about social justice than they are about some of their traditional mandates. we'll see what happens there, but i think everyone agrees coming into the year a lot of cash cascading. anthony chan, danielle dimartino booth, thank you both very much. >>> coming up, my interview i with georgia republican congressman jody hice on this week's violence in washington, the outcome of the georgia runoff election and the legacy of donald trump. don't go anywhere. ♪ ♪ you work hard for your money. stretched days for it. juggled life for it. took charge for it. so care for it. look after it. invest with the expertise of j.p. morgan, either with an advisor or online, through chase. after all, it's yours. chase. make more of what's yours. state of the art technology makes it brilliant. the visionary lexus nx, lease the 2021 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. ♪ charles

charles: all right.l, and i've got to tell you, i don't know, i think this is a new fed that's more concerned about social justice than they are about some of their traditional mandates. we'll see what happens there, but i think everyone agrees coming into the year a lot of cash cascading. anthony chan, danielle dimartino booth, thank you both very much. >>> coming up, my interview i with georgia republican congressman jody hice on this week's violence in washington, the outcome of the georgia runoff election and the legacy of donald trump. don't go anywhere. ♪ ♪ tasha, did you know geico could save you hundreds on car insurance and a whole lot more? hmm. so what are you waiting for? hip hop group tag team to help you plan dessert? ♪ french vanilla! rocky road! ♪ ♪ chocolate, peanut butter, cookie dough! ♪ ♪ scoop! there it is! ♪ scoop! there it is! ♪ scoop! there it is! ♪ scoop! there it is! scoop! ♪ ♪ shaka-laka! shaka-laka! ♪ shaka-laka! shaka! scoop!. ♪ ♪ choco-laka! choco-laka!... geico. switch toda

charles: good afternoon, i'm charles payne. this is "making money." breaking right now, -- >> there are only two members about the united states senate in washington that supported donald trump for president. you're looking at one of them. >> will we never give up. we will never concede. mike pence is going to have to come through for us. and if he doesn't, that will be a sad day for our country. ♪. charles: president trump turning up the volume, vowing to never concede and pressuring mike pence to overturn the pestdential election as the joint session of congress tallying votes, as thousands line d.c. in support of president trump. remarkable action in the stock market, folks. elect electrifying narratives you must need to know for success in 2021. we have it covered. take out a pen. if you think money print something obscene now you ain't seen nothing yet. two brill an minds on the dangerous path the federal reserve is taking. all that and much more on "making money". charles: one race has been called. the other is called too close to call. the mark

charles: wow. of course, now the financial community, some at least, waking up to that, either on the investment side or companies that facilitate transactions like paypal or square. the other side of this is illustrated in a graph out today from bank of america. it's an amazing graph, because -- i'm not sure if you have seen it. we are putting it on the screen now. it compares the run of bitcoin to past bubbles and includes the tech bubble, the housing bubble, except this is a hell of a lot scarier. the caption is, is bitcoin the mother of all bubbles. when someone asks you that, what do you tell them? >> you know, the graphs are fun to do and they really sell research reports, but if you graph any disruptive technology, in an exponential graph, it's fairly consistent. if you did that with apple's stock or any other really disruptive thing. when you graph bitcoin over the last ten years, on an exponential basis, it's actually pretty stable. it goes up 213%, compound annual growth rate for ten year

his name was charles and charles met martha... isn't she pretty? ] ♪♪ it's amazing to see them in the wild like th-- shhh. [ engine revs ] for those who were born to ride, there's progressive. charles: welcome back. be sure to tune in to "wall street" next friday. maria will be speaking to draftkings ceo jason robbins about the big business of online sports bets. and catch "sunday morning futures" sunday morning on the fox news channel, stephen miller and lee zeldin. and watch my show, "making money," every weekday at 2 p.m. eastern on fox business. thanks for watching, we'll see you next time. ♪ ♪ ♪ gerry: welcome to the "wall street journal at large." now we know at least where some of that stimulus money went. the big story on wall street this week was a few hedge funds getting crushed by trade thers perhaps using their $600 checks from the government. who would guess fiscal policy could be so effective? we'll have more on the gamestop insurrection later in the show. the weight of the fury on trading platforms, this was the first full week of th

i'm charles payne in for maria bartiromo.dent biden signing a record number of executive orders over the last week and a half. we'll look at the impact on jobs and american businesses still struggling amid lockdowns. and later, senator cruz sounds off to maria about the new climate change crackdown and the growing threat of china. the major averages going on a wild ride this week including the worst selloff since october on wednesday, volatility driven in large part by a surge in buying and a historic move by retail investors buying up heavily shorted stocks like gamestop, taking on the hedge funds and driving prices even higher. i want to bring in mike murphy and mitch roschelle. mike, let me start with you because -- [laughter] it's been an amazing ride, and so many amazing things are happening with the stock market and the economy, but all of a sudden there's a focus here on the retail investor. and one thing that i saw, and i think a lot of people haven't even paid attention to, was there's a revolution that began march o

charles: thank you very much. very good charles.wo major stories as we headed to the final hour of trade, fed chair jerome powell in the question and answer part of his first news conference of the year were monitoring to see if he invokes the bubble word, considering notwithstanding the seller foreseen right now 632 points to the downside on the dow market are still close to record

charles: all right.ell, and i've got to tell you, i don't know, i think this is a new fed that's more concerned about social justice than they are about some of their traditional mandates. we'll see what happens there, but i think everyone agrees coming into the year a lot of cash cascading. anthony chan, danielle dimartino booth, thank you both very much. >>> coming up, my interview i with georgia republican congressman jody hice on this week's violence in washington, the outcome of the georgia runoff election and the legacy of donald trump. don't go anywhere. ♪ ♪ this is andy, my schwab financial consultant. here's andy listening to my goals and making plans. this is us talking tax-smart investing, managing risk, and all the ways schwab can help me invest. this is andy reminding me how i can keep my investing costs low and that there's no fee to work with him. here's me learning about schwab's satisfaction guarantee. accountability, i like it. so, yeah. andy and i made a good plan. find your own andy a

charles: thank you very much, good afternoon i am charles payne and this is making money in the major industries are under significant pressure but all eyes remain on the gamestop saga and heavily shorted names that have resumed immediate order rally after robinhood allows customers to buy instead of relegating them to be only able to sell. make no mistake this story has a number of layers and it goes well beyond the stock market, speak to a world where the people are trying to reclaim power and level the playing field. we will get analysis from my favorite market watches, he is one of the most influential voices in the world. he comes on at 230 eastern time. plus capitol hill another regulator stepping in saying their monitoring frenzy trading as it becomes a great unifying force between parties in washington, d.c. and were going to introduce you to a 10-year-old boy who made thousands of dollars on gamestop stock after cashing in this week. all that and so much more on making money. it seems maybe they want more from the federal reserve and you heard neil talk about it in the avalan

charles? >> charles: chad, thank you very much. the plot always thickening.alifornia is loosening their stay-at-home order amid positive signs of a slower spread. this comes as efforts to recall gavin newsome and requiring thresholds to qualify for a statewide ballot. how does pushing the governor's recall maybe influence what his latest decision is on a covid-19 lockdown? kevin faulkner, the former san diego mayor that is part of the recall effort and launching and explore story committee for a potential governor run. we reached out to the governor's office to see he could join us but they declined. so i got to tell you, kevin, a lot of people that it's a pretty odd timing when you consider the depths and the throes of covid-19 right now. if you're following the science, not is not the time to left. your thoughts. >> that's the problem. science has not been a major indicator here in california. i'll tell you, as somebody that has been very outspoken on the need to save lives and livelihoods. what we haven't seen from this governor is a calibrated approach th

charles: mac. robert: i think that doctor king said it from birmingham jail that sometimes that is some of the people who are supposed to be our liberators, are not our friends. and is not the white citizen counseled the kkk but the white moderate the long this acceptance of people with goodwill are more difficult than an outright objection. you seem to be making that same change . charles: yes absolutely i think you're asking a question that incorporates two key things one is that the white moderate and then when is aristotle. and in any group if you have a government particular democratic government, you might have a leader . so there's always going to be a hierarchy there . and then run your life and feed your family. that said, there are a lot of people who are now conditioned to having the power be generating from their white power. in that group of people is invested in and you not leaving or migrating. you know finding a better someone else. as they are the negro who they sent to the ghetto

charles black he is also a morehouse alum. were he was one of only eight students taught by doctor king. as chair of the atlanta student movement he earned the neck down charles set down black for direct action protests and desegregated business and for voting rights. he continues to inspire student activism and just maybe the only person on her panel today to because an og, thank you for being with us charles black. >> my pleasure. >> paul kendrick as a leader, speaker and articles have appeared at a range of publications the "new york times" to the "washington post", talking points memo, all recruited and develop talent for the obama white house in his note adjunct professor at national lewis university in chicago. nine days is the third book co-authored with his father, welcome to you. >> thank you for being here. >> steven kendrick as senior minister of unitary church. he published a novel aya book and three history books with his son paul, sarah's long work, douglas and blinken and now nine days. steven thank you summit s

charles blow gets tonight's last word.ith brian williams starts now. >>> well, good evening once again, day seven of the biden administration. this was the day they went big on vaccines. today the president ordered00

charles blow gets tonight's last word. good evening once again. day seven of the biden administration. this was the day they went big on vaccines. today the president ordered 200 million more doses, a surge in vaccines, a surge to the states, all part of what he described a the states. all part of what he described as a war time undertaking. from 8.6 million doses to a minimum of ten million doses. starting next week, this will allow millions more americans to get vaccinated sooner than previously anticipated. >> the president had a few things to say about the trump administration's vaccine distribution program. >> we have reamly discovered in the final days of the transition and it wasn't until the final ,

how about you charles black. you were told by doctor kane. i would love to hear what you are reflecting on this day . >> only thinking back to moments when i was in kings company for matters and centered around him. i was pleased that he called me double black targeted some students in the class he called the mr. ms. but he called me double black. i think about moments when the birmingham church. and i wrestled with that to make that day. i was in a press conference with king about that bombing. i think about things that he'd like to do what he lives for the barbecue. and names now for him martin luther king. i reflect on these day of his funeral but i believe marco for the funeral procession . the organized by the thousand marshals to be stationed all of the way between tomorrow's campus into the baptist church. and for unincorporated to control the trafficking in my car and drive by notified that the procession was on the way and the like. so it's that kind of thing left on friday think about monday in his class when we are discussing plato

i think similarly to the way charles thinks. should i agree with charles? no.are just another pretty face. nice job, waters. [laughter] >> jesse: thank you. >> tyrus: a legendary dana perino, first of all, thank you for letting me be part of "the daily briefing." thank you. you are the most levelheaded being in all of television. if you have a question about anything -- >> jesse: levelheaded. [laughter] if you are on that panel, what would you have said during a commercial break? >> dana: i thought he was joking. maybe he is, maybe he is joking with all of us. the nba has done a great job in terms of covid. they get to fly on private airplanes. i would say that their fans are the ones that need the vaccines. >> tyrus: most nba players, that would be their line of thinking. emily, you are a diehard sports fan like myself. sometimes, you wish when charles talks, you don't wish he was an nba legend. he was she was a former boxer and may be stayed for a one also many last fights. [laughter] as an attorney, and agents, what would you say after a show that? >> emily:

i'm charles payne in for maria bartiromo.sident biden signing a record number of executive orders over the last week and a half. we'll look at the impact on jobs and american businesses still struggling amid lockdowns. and later, senator cruz sounds off to maria about the new climate change crackdown and the growing threat of china. the major averages going on a wild ride this week including the worst selloff since october on wednesday, volatility driven in large part by a surge in buying and a

if i were to say charles hamilton houston right now. 95% of the people right now know charles hamiltonouston. yes, i know charles hamilton used to, he is a lawyer. that's exactly where he was. he trained one third of the african american lawyers at our law school in 1940 1950 in america. to include thurgood marshall, he became a lawyer because he was an officer who served in world war i. he served in the 368 regiment. when he came back from the war, because of the experience he had, it was a horrible 7h÷#9 )ience, he made his father's dream country. his father was a lawyer, and his father wanted him to be a lawyer. so charles hamilton houston finally decided to become a lawyer because of his experience in world war ii. horrors -- horace pippen, charles hamilton houston, we talk about few others. world war i was a great of that for many reasons. when we get to the point where setting this seat of the civil rights movement, thurgood marshall writes when charles hamilton houston dies a 1951, 52, or 53. he says, we would not have gotten anywhere, or we would not be where we are without cha

charles: that i think is a concern., keep in mind that some of the deficit is going to come down pretty sharply because of course a lot of that spending is one time. so the increase in on employment insurance company payments to households, whether it is $1200 or $2000, all of those amounts are one-time expenditures. the budget deficit was enormous for 2020. it is likely to come down in 2021. i don't think we are going to see multiple rounds of stimulus. i think that, again, biden's proposal is going to get scaled back. the deficit will actually come down significantly in 2021. the amount of debt outstanding is still high but there is a lot of appetite for american debt both internationally as well as domestically. i don't think interest rates will be under significant upward pressure until we see a stronger economy and we start seeing inflation pick up. that is still further down the road. shery: charles lieberman, great having you on. cio and cofounder of advisors capital management. be sure to tune in to bloomberg ra

now, here's charles. charles: hey, neil, thank you very much. good afternoon, everyone.e under pressure all session long. nobody is paying attention. all eyes on the war between retail investors and professional shorts. wall street pros losing a battle that was easy pickens of for decades. now out after the kindness of their heart wall street wants to change the rules. we have all-star panel. and we'll hear from fed chairman jay powell during this hour. they are moving closer to the new mandate in my opinion where they think there is greater risk of not achieving social justice than anything else. we'll continue to watch that as well. let's go to edward lawrence, on the federal reserve with the latest on interest rate decisions. over to you. reporter: the federal reserve released a number of different statements here. in fact one extra statement they put out here reaffirms their guidance going forward. they will let the economy run above 2% inflation for a period of time in order to get that long-term average back to 2%. the federal reserve is leaving rates where it is i

charles blow, everybody!p wiwith snorin? i've neverer heard snsnoring... e exactl. no problblem. ...andnd done. and now, s save $1,00000 on ththe sleep nunumber 360 special l edition smsmart be. plplus, free p premium delivery w when you adadd a b. ends m monday. >> stephen: that's it for "a late show," everybody. tune in tomorrow for a special, rare friday late show celebrating president biden and vice president kamala harris. james corden is next. good night. ♪♪ >> stephen: i've got captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.org a couple of questions i want to ask you, we're way over time but -- >> why can't this show be longer? >> stephen: tell james corden that he can have the second half of this interview but i get to ask the questions. >> okay. s the late late show, oh, oh the late late show, ooh

i have the two charles with us. charles payne, of course. charlie gasparino. gentleman, welcome. charles payne, the fact that the government is sniffing around and something that we'll rate with pat toomey of pennsylvania, what do you make of that? they're beginning to say wait a minute. we have to look into this. >> that always raise as red flag, right? and of course, in this environment, people are wondering, what part of this saga are you going to be sniffing around? will it be the ability to short 140% of a company? look at the top ten shorted stocks. tootsie roll, those kind of names. 70, 60, 80% of a company. a lot of people universally believe something is wrong there. i would start there if i was congress. listen, if robinhood is having trouble, they have to look back and understand how they seduce or wooed all of these customers and maybe figure that part out. so i'm worried about congress, but i'm not -- i'm glad the attention is reaching certain levels, that this is a mainstream story because if the underpinnings of this are mainstream in the sense that those that have

if i were to say charles hamilton houston right now, 95% of the people who are listening who know charlesamilton houston, yeah, he's a lawyer. and that is exactly who he was. he trained one-third of the african-american lawyers at howard law school in 1940 and 1950 in america to include thurgood marshall. but he became a lawyer because he's an officer who served in world war i. he served in the 368th infantry regiment, and when he way back from the war in the experience he had, it was a horrible experience, he made his father's dream come true and his father was a lawyer and wanted him to become a lawyer. so charles hamilton houston finally decided to become a lawyer because of his experience in world war ii. so horace pippin, charles hamilton houston and i think we talked about a few others. so world war i was a transformative event for many reasons. so when we get to the point when we are setting and planting the seeds for the civil rights movement, thurgood marshall writes when charles hamilton houston died in 1951, '52 or '53, he said we would not be where we are without charlie and h