gary kaltbaum warning he is nervous that his replacement will probably be a lot worse and play god with the markets, quoting gary there he is coming up at two -- two 30. we'll be right back. (sfx: video game vehicle noises, horns beeping,) (engines revving, cars hitting one another.) (sfx: continued vehicle calamity.) just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind.

gary kaltbaum with us right now. lot of companies have changed names, sometimes to sort of move past the controversy we can all remember value jet, the discount carrier that had a plane crash into the everglades, it was quickly looking at changing its name to air trans which would later be bought out by southwest, but the name did little to erase people's memory of that horrific crash. sometimes these things can work, a lot of times they're a little bit finer as we go through examples where they do make sense. but, by and large, they're not an instant cure for what ails your pr, huh? >> and leave no doubt, the changing of a name of facebook is not because things are going so well right now. and i must tell you i'm hoping i'm never called a cancer to democracy like they're being called at this point in time. look, a few problems. number one, both sides of the aisle, for if differing reasons, i mean, just driving to the hoop on them. and for some good reasons. but fundamentally, they are losing the teenagers in droves.

gary kaltbaum following this.ding plans in washington but not a penny toward anything happening on the border and particularly the caravans coming our way at the border after this. >> tech: when you get a chip in your windshield... trust safelite. this couple was headed to the farmers market... when they got a chip. they drove to safelite for a same-day repair. and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service the way you need it. >> singers: ♪ safelite repair, safelite replace. ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> neil: no sooner than an fda panel said it's okay for kids to get the pfizer vaccine shots, california is ready to started administering 1.2 million of them soon. after this. >> neil: all right. we're getting word right now the migrant caravan making its way up through mexico and central america has doubled in size to close to 4,000 all trying to make their way to the border. rodney scott, a former border patrol chief in the trump and biden administration. very good to have you, chi

gary kaltbaum warning he is nervous that his replacement will probably be a lot worse and play god withhe markets, quoting gary there he is coming up at two -- two 30. we'll be right back. (sfx: video game vehicle noises, horns beeping,) (engines revving, cars hitting one another.) (sfx: continued vehicle calamity.) just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. chevrolet. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ your shipping manager left to “find themself.” leaving you lost. you need

i want the read from our market gurus, francis and stacy and gary kaltbaum. log is a huge problem. how about the vaccine mandate? how do you think adding to this, going to the holiday rush, will affect the market and the economy? >> well, worse. the word illogical bold face and ill just comes to mind. you know, susan li said it best. all of these ships in the port. just so you know, these ships are 50 yards wide and 3 football fields long. they carry 25,000 tons of stuff. yet the administration says -- by the way, they've been begged by the trade groups, push it in to the first quarter or second quarter. we're doing the best we can. if we losman power, stuff won't get delivered. on top of that, there's a word called spoilage. a ton of stuffily go bye-bye. insurance claims up the wazoo. a lot of the deliveries are medical supplies, emergency supplies. so i'm amazed somebody with just some logic in their brain over in d.c. sees this for what it is and just move the date. guess what? they've been asked for weeks if not months and they will not move the needle. >>

bring in gary k., gary kaltbaum, nicole webb. gary, a lot of chatter about the individual investor buying the dip. wall street is looking for a 15% move in aggregate over the next 12 months. sell ratings have dropped to a pre-pandemic low of 6.9%. on one hand saying brace for the worst and on out the other are loading up for something better. >> i have certain mottoes and mantras of market. don't worry about where people tell you where things will be a year from now. most of them don't know what they are eating dinner tonight. there are some darn variables we're dealing with as we go into an election year, with the left wanting to put 3 trillion bucks out there. i'm a big believer getting all the information you need on the markets right now and all i know, and we told you last week, charles the market looks like it hit a low. i told you about tesla last week, it looked like it was emerging and now we're broading out. i can tell you today retail which kind of has been dead is kicking. i'm seeing target breaking above resistance, m

gary kaltbaum with us right now. we couldn't have envisioned 75 and $80 a barrel gallon oil. >> and lumber did an eiffel tower move. it came back down. so you don't know what distortions are out there. bottom line, if we get near that, the economy won't take it. we have a deficit laden economy where we're getting off the back of covid. the profits fall off the cliff, unemployment heads up and consumers head south. and bar the door if that occurs. >> neil: i'm wondering about the spill-over effect. we talked about the bottle neck of the nation's ports and the drivers to get the stuff off the ships. sounds like the supply chain disruption is a fact of life for a while. >> it's a pain in the rear. all you have to do is go to stores. there's a lot of shelves that are empty right now. if this continues and there's not enough supply and too much demand, prices will be forced up. that's another problem for the economy moving forward. they have to watch this. this is big stuff. >> neil: thanks, gary. you've heard a great deal

stuart: look who is here now, gary kaltbaum. the market before christmas? >> two weeks ago i told you i thought the market was putting in a low. it definitely is. you have the energy stocks emerging, financials, rails, you name it and now you're seeing something as great earnings reactions. i have to mention two names, netflix gapped down yesterday, back up $16 today, shrugging it off. tesla was down 15 bucks overnight. that was institutional buying. i'm seeing a broadening out of the market here. unless things change i think we have 5000 s&p coming in the second quarter. you know, sometimes highs get more highs. i'm seeing it on a daily basis now. ignore the dow today. the market is much better underneath the surface. stuart: you know, i keep getting nervous. you worked through with this me for years and years and years. the market goes up, i'm nervous will we have a crash, it will come down sharply. you consistently said no, hold on stuart, hold on to your microsoft. hold on, wait this thing out it is going back up again. you'

a lot to discuss, bring in gary kaltbaum, shah gilani and tim forest. biden spoke, schumer spoke.ere is the thing, everyone is laying it on thick for the debt ceiling, it is boom or bust this week. kim, how do you think the outcome of this game of chicken will be? before we get to the out come what kind of damage could happen to the stock market? could it be long-lasting? >> sure. i think the damage is what it usually is, a lot of words and some deal reached before we get to treasury armageddon and it's kind of sad. we've been here before, so i'm not sweating it this week or next week or however long it takes, right? the government will pay its debts and will somehow get it together to you know, make that happen. but what is an investor to do? will it affect things in the long run? i don't think so. i just don't. charles: okay. you know, gary, of course we had schumer come out with a doom and gloom statement. we had president biden himself come out. he took a lot of shots at republicans although you know, from what it seems is that the debt ceil cog be resolved within the democrat

i want to decide with two of the best, gary kaltbaum and phil blancato. want to start with breaking news, the 90th birthday of papa k, gary k.'s dad. raised an amazing son and amazing family. got bless you, sir, for the service you have done to the nation and also with your family. gary, congratulations. 90 is -- >> thank you. charles: beautiful, beautiful. >> just, charles, just so you know three years in the coast guard and to show you what a man's man he was, from the age 11 to 17 held two jobs into the night and gave every penny to his parents to make sure they can make ends meet. so great father. great husband. great-grandfather and i love the man. thank you for doing this. charles: absolutely. we all salute him. on this market, gary, how surprised are you? remember early last week we were in the midst of a four-day runt, every day the market swooned to the lows of the session. something only done a few times in history. here we are instead of falling through a trap door, we're knocking on the door of all-time highs. how surprised are you how quickly

charles: i would like to bring in our market watchers, gary kaltbaum and art hogan. net yellen saying don't worry, we haven't lost control of inflation. it is not out out of control jut yet. gary, your thoughts? >> i think she has her butler buying her food and her driver buying her gas and filling the tank because she is not living in the real world. she is not stating we're not out of control. she is now praying it is not out of control and to be clear and to be as blunt as possible if it gets out of control it will abhor record show especially when you have massive debt and massive deficits and massive leverage at the same time. and may i also state that the culprits are, it started with bernanke, led to yellen and then the championship belt goes to the guy running the joint now with his monsterous, gargantuan, monolithic printing of money along with lendings around the globe, they have enabled all of this with too much money for too long of a time. charles: art, could she even admit it? feels to me she has to understand all of this. is she just so boxed in she can

i want to bring in gary kaltbaum, jim iurio with me immediately. fed last tapering, d.c.ollies, valuation and obviously the calendar, right? so major indices are off the lows of the session. as comments rolling in from senators mcconnell and thune. i will get into that latewer a reporter with the show. what i need from you guys, rank what is the biggest rick right now, jim, to this market? >> i think it's d.c. i think you know, everybody, the consensus they will wait until the last second, they will come to a compromise they have come to the past. i believe that is the most likely scenario. if you look at these guys, with the great financial crisis basically agreed everything about a stimulus package i think 600 billion, whatever it was, right at the last second they couldn't decide on something small. voted it down. the dow lost 1000 points in the blink of an eye. i lost complete trust in them. i think the market is smart to be a little bid worried about this. beyond that inflation is a real story. supply did i are up shuns have worked. organic demand combined with inorg

i want to bring in now gary kaltbaum. travel taking off, really taking off well. covid searches or even cases are declining rapidly. that is the mix we always wanted. but we also need workers, right? that is the key. we need workers to maximize this new opportunity. what are your thoughts here? >> look on a very small scale i saw a restaurant the other day that closed down at 4:00 p.m. didn't have enough people. and then when you magnify it around the country you just getting a lot of that, the bottom line businesses can't stay open to function if they don't have workers, simple as that. southwest airlines, kindly comes to mind so something that most definitely has to be ironed out, we can sit here and throw the blame one way or the other. bottom line is solutions. we have got to get workers back in there or else. not good news for the economy. that by the way, as you said, virus numbers getting better and there is the definite demand out there. charles: there is. it is pent-up. it is ready to go. to your point if the res

joining me now, group that always has great nerve, barry nap, erin gibbs along with gary gary kaltbaumcore was better month over month. used cars, airline seats starting to slide a little bit, barry, month after month. here is the question, if inflation is ultimately the cure for the inflation is the stock market overreacting right now? >> i don't see any evidence that we had serious demand destruction right now, which is what inflation is the cure for inflation comment implies. if you look at various components of cpi, what you see is broadening out of the price pressure. you're right to note that the reopening related sectors like air fares, lodging, used car prices are coming off, however the supply chain related sectors, appliances and the like are moving up and sectors that have driven inflation for decades, whatever inflation there has been, housing, medical care, and education namely, those are sectors that were hit by a disinflationary transitory hit and those are starting to rebound. also to bullard's point last night, st. louis fed president bullard, the sectors that are real

i think we better bring in gary kaltbaum.winter giving us severe inflation. the market seems to be shrugging it off. where do you come off of this? >> longer term, prices stay up, come out of the economy t will come out of peoples pockets. it will come out of businesses profits. it will cause huge problems. we're not talking inflation. you know where oil prices are, gas prices spiked. cotton is up 60% year-over-year and is up 20% in the last two or three weeks. you have wheat, corn, soybeans all up 40, 50% a year. that is money coming out of peoples pockets. less spending, you end up getting a vicious cycle. fingers crossed that these things moderate, come back down. so far not good at all. stuart: the pros on wall street who appear on this program, most are saying by this time next year the s&p could up 10 to 15%. that is what most of the pros are telling us. on the other hand retail investors are reportedly terribly worried about a short-term correction. 10, 20%. it's a split opinion. where are you on this? >> i feel with t

neil: that is gary kaltbaum kind of money there, thinking my friend, he is the best were getting an alertal, not the vaccine booster that is all but the one that is promising for adolescents the fda wants to review where issues coming up using that for the time being of using the moderna vaccine for kids those as young as five which pfizer wants to do is being held off for now we will have more after this. ♪ shingles? oh... you mean bill. he's been a real pain. again with the bill... what? it looks like a face. ...hearing about it 24/7 is painful enough... i don't want to catch it. well, you can't catch shingles, but the virus that causes it may already be inside you. does that mean bill might have company? - stop. you know shingles can be prevented. shingles can be whaaaaat? yeah prevented. you can get vaccinated. oh, so... i guess it's just you, me and bill then. i'm making my appointment. bill's all yours... 50 years or older? get vaccinated for shingles today. if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your lugga

gary kaltbaum, that pretty much sums up the state of washingtoned today where they can't even agree on the day, where infrastructure's going, whether it's the lean, mean, fighting machine $1.2 trillion bipartisan package or the far more expensive $3.5 trillion package, but it doesn't seem like they're close to anything. what say you? >> i sure hope they're not close to anything. you know, neil, cori bush, part of the squad, said the 3.5 trillion, basically 5 trillion, saying it's a compromise. i'm imagining if they ever really got their way, how much would they extract off of an economy that's created extraordinary wealth, extraordinary amount of jobs and put it in the hands of a government that has done nothing more than put us at $29 trillion in debt? to me, that is the most basic misallocation of funds you can possibly look at and a long time will affect the economy, will affect if jobs, will affect if profits, will affect if markets, and you want to see headwinds and downturns, you will get 'em. neil: you know, gary, the one thing that struck me there, and it makes sense maybe, jus

gary kaltbaum, president of kaltbaum capital.t image shows the frustration of a guy who's trying to find a middle way, and he's not finding it. what do you think? >> you know, imagine a politician that is sane that actually doesn't want massive spending and massive taxes on the citizenry and just try to stop this gigantic, gargantuan movement to bigger government. and he's called an extremist and taken out in the back, i mean, just getting blasted. i am in hopes that this thing is rolled back bigtime. we cannot continue -- you know, they call it kicking the can. it's more like kicking the supertanker: and i keep using the same numbers, neil, that our debt has got us to, $1.5 billion a day, taxpayer dollars, just going toward interest. not to the poor or elderly or schools or children, but interest. and $3 trillion a day is added to our debt, and both of those numbers grow every day, and they don't seem to care -- $3 billion. they are taunting the markets, taunting the economy, and this continues cutting of credit cards, a bigger

vaccine mandate could wreak even more hah strong on -- havoc on shopping ahead of the holidays, gary kaltbaumas fed adviser and danielle dimartino booth. so, danielle, not much sign of improvement particularly with these storms out west now. >> no, there isn't. no, there isn't, excuse me, and the backup in the three main west port coast, ports, it's biblical at this point. in texas where i am, houston's been a major beneficiary because shipping companies have started to key accelerate business away there those -- divert business away from those three big ports just to try try and get things into the united states however they can. so this is a big problem going into the holidays. we've already herald from companies such as nike saying, you know what? we're not going to have the merchandise on time, and that means americans are going to have to be paying up for holiday spending. they're planning to spend earlier. but a separate concern of mine is that we're starting to see evidence that companies are using the supply chain being completely disrupted. it's going to be a reason to raise prices m

let's bring in gary kaltbaum, market watcher of this thursday morning, the chaos in d.c., this ridiculousto this? it is rallying? >> $250 billion of printed money a month and if you notice this morning the major crash in covid related hospitalization as well as occurrences i think that is the double-whammy right now. we also in october, november, december, as i told you, i think we're going to see some fireworks into the end of the year and first quarter before we have to deal with what i think is to come. stuart: i didn't catch that. you said that we got a real crash in hospitalizations and the overall caseload. i saw the caseload was down about 20%, down to about 70,000. i didn't see the hospitalization thing. >> hoe, big time. and stuart, we can turn on the tube, watch stadiums with 70,000 people, and arenas with 20,000. that helps out the situation too. and earnings, i don't know if you call them strong but beating last year by miles and good reaction to earnings are helping the cause. the big issue, by the way you're talking all this morning about the left, imagine if they had 60 vot