erin gibbs, thank you for joining us this morning. let's talk about why the markets can take inflation data running the hottest level in years and say push them to record highs. >> it wasn't a head scratcher, dom. it was not what we expected particularly when the cpi data came out so hot compared to expectation. i think investors are equity investors are looking at what they have been telling us for months they have been convinced that inflation is transitory and this is something that will be able to overcome. i think investors are reassured by the positive job reports. that report tends to be volatile for the last two months, equity investors have been behaving differently from bond markets and yields have been down. you see the equity fears hovering i'm not sure that fear may not come back into the market again. i'm not sure it is completely out of their system. so, i'm a little cautious that we have really gotten over it and the equity markets are confident that inflation is not an issue when it comes to companies being profitable

erin gibbs, thank you so much, my friend.nd. ashley: i'll take it from here, charles. and thank you for that. [laughter] charles payne, always a great tough. thank you. okay. let's begin here, wall street bulls pent-up at this hour as investors wait to hear what the fed, of course, has to say tomorrow about tapering at the end of the two-day fomc meeting. all the major markets in the negative. you know, moderately so, although the nasdaq being hit by a weakness in growth stocks, down three-quarters of a percent. but boeing on the

i want to bring in erin gibbs from gibbs wealth management. happiness. today we had the consumer confidence report out. it blew away expectations, but there was one part i really liked, jobs plentiful minus jobs hard to get. it roared to an all-time record. in your mind, what's more influential, the stock market on consumer confidence, or consumer confidence on the stock market? >> i think in this particular case coming out of covid, it's much more consumer confidence over the stock market. i think that is really the leading indicator, because it's really about how we're automobile to get out -- able to get out ask if feel, and that trickles more into the stock market versus the other way around. charles: all right. is so our confidence is through the roof, we're getting out, to your point, and we're buying things. now, one stock, one lawyer that's really been rocking this year -- one lawyer that's been rocking -- area that's been rocking, you said buy traditional automakers, they are crushing it. do we stay long those? >> so right now they re

david nelson along with erin gibbs helping me out here. erin, you do great work in this area.ns and all of that stuff. talk about the sectors and names that have the kind of pricing power i'm talking about here. >> sure. so the things you want to look for is either market dominance or specialization where you can't find a replacement. and i still prefer to leverage more of the services really looking for inflation hedges, avoiding the financial sector. so one area is media, people are clearly going to pay more for that, and disney is one of my favorites. and if on the specialization side, i love health care services, particularly life sciences, and agilant technologies is a great name. charles: wow, i haven't heard about that for a while. david? >> look to names like apple, facebook, amazon, they all have it. amazon, of course, is a growth stock, but in today's world it actually hits the value camp at under four times sales and a very profitable platform, this is a company that really deserves to be in your portfolio. i'm not worried about the regulatory environment or a break

erin gibbs, thank you so much, my friend. you know, ashley, we got from 2 to 207 and right back down, my friend. ashley: i'll take it from here, charles. and thank you for that. [laughter] charles payne, always a great tough. thank you. okay. let's begin here, wall street bulls pent-up at this hour as investors wait to hear what the fed, of course, has to say tomorrow about tapering at the end of the two-day fomc meeting. all the major markets in the negative. you know, moderately so, although the nasdaq being hit by a weakness in growth stocks, down three-quarters of a percent. but boeing on the rise as its air force one delivers president joe biden to geneva. the president delivering for boeing, by the way, by putting an end to the 17-year-long trade battle over aircraft subsidies. we'll be going live to switzerland for more details on that. meanwhile, bitcoin has been range-bound since its may massacre, but one crypto believer says it's going to $250,000 by the end of next year. wow. we're going to ask the ceo of blockchai

i want to bring in david nelson and gibbs wealth management erin gibbs.ket need to get out of the range it has been stuck in? >> we need to see less inflation fears. we need to see couple months where we don't see increases in prices, particularly consumer prices even at the industrial level. as long as those headlines keep popping up, there is another big headline in the "wall street journal" today, that is what it will really take. right now we're seeing seeing ts rotation where we have some days where one type of growth or value stocks are winning versus the other. we're not seeing consistent performance and breadth. charles: right. as you were speaking chipotle raised prices 3 1/2 to 4% across the entire menu last week. david we get that. those headlines keep coming. by the same token, you saw edward, he is in las vegas. he is walking around. they have the concrete thing going on. when will that play a role again, against these higher prices, the notion that this country and eventually the world is reopening at a faster pace? >> i think it is pretty o

bellpointe david nelson and gibbs wealth management, erin gibbs. you have been spot on. have done extraordinarily well. oil break out. stephen talked about the potential infrastructure deal. looks like something will happen real quick. what does it mean for the market? >> it is tough for the markets to make a lot of bets particularly on the infrastructure bill, because it is so complex, you are not sure who will benefit. two, the spending will happen over several years. it is really unclear which companies will profit. what i like to do is think about, what themes, what areas are they really investing in. what is really boils down to, it is not so much infrastructure but really about esp, environmental, social governance, particularly the environmental side. i think you need to take that into account when looking at your portfolio and a lot of stocks, a lot of platforms have esg scores for those stocks but something that is you might want to start taking a look at and incorporating when you look at your buys and puts. charles: david, i've been talking about it for a coup

dan geltrude is with us, erin gibbs. erin, are you worried about inflation?rtainly there were concerns, but as a wall streeter, you really look at the bond market because they are the predicters of real inflation fears, and we have really come down over the past month as well as every single commodity is off its 52-week high. it is painful while you're going through it, but the future definitely looks very much cheaper as prices come down. neil: you know, if it was hurting, dan, we've not seen it. grocery stores and department stores are packed, amazon just calm off its best prime -- came off its best prime day sales ever. so i don't know whether we're over the sticker shock or, to earp's point, it's a short-lived, you know, shock. where are you on this? >> i'm not exactly aligned with that, neil. i think this inflationary period that we're in is going to last a little bit longer than what jerome powell is saying over at the fed. they keep using this term it's transitory. but here's what i say. if you're looking at newton's first law of motion, an object in m

let's get the read from erin gibbs, george of the capital founder and chairman but last but not leavestephen moore, former adviser to president trump. steve, many restaurant owners whom i've been chatting who are clearly feeling the impact or clearly getting the sense from customers that they are okay paying more but they won't pay a lot more. they won't pay twice more and that's what's happening here. is it a worry to you that it could unravel the economic recovery we are seeing? >> well, it sure. i mean, higher inflation is just a killer of market rallies and also strong economies and think of these small businesses. i think we have something like 9 million small businesses in this country and think of the double whammy they're facing right now. first of all, they have the rise in prices as this gentleman does in terms of beef prices and you're seeing beef prices, produce prices, gasoline prices across the board, transportation prices but then on top of that, you've got the problem that the small businesses, the restaurants, the stores, the -- the factories, the construction compani

to the royal caribbean ceo with ashley webster in just a bit but the impact of all of this with erin gibbs the significance of all of this and ray, i'll begin with this reopening going on. this is what prompted the spike in demand for all sorts of goods , whether they are commodities or cruise trips, what do you think of it? >> you know the big reopening trade is happening now and it's really focused on the services industry and the services sector if you've been in the airports you notice how crowded it is, the restaurants people are coming back this is definitely happening and what's interesting is i follow the tsa travel numbers they are at 77% of where they were at 2019 which is a huge bump and that's not including there's no business travel in there that's on the services side and you're seeingl but they are still trying to find folks to actually staff the restaurants, you're seeing construction also doing well but there's not enough folks to staff the construction and the supply chains disrupted. that's really, that's the real barrier in the economy but the reopening is there and the