, dear friend of open source and of all good people, gene gillman wrote a book about basically about the tokyo war crimes, tokyo trials of war crimes that never really took place. we all know about the nuremberg trials, the germans, sort of a matching pair of trials in tokyo which we were left out of it in some fashion because we would have been called on the carpet about the nuclear weapons that we dropped on nagasaki and hiroshima. but there was no question and he documented in a marvelous book that the japanese had dropped all kinds of evil bugs on china in the '30s before pearl harbor, before the world war, but the japanese were the world leaders in this technology, and part of the story you are revealing or confirm is the united states caught onto this and for using the japanese in some fashion into so project. have got it right? this is a global monstrous story. >> gene gillman really did a beautiful job in hidden atrocities telling the story and it's a absolutely indispensable book and i'm sorry that she is gone. >> i'm heartbroken. she would be an incredible witness in this c

the ceo and portfolio manager join me at gillman hill asset management michael farr is with us as wellthe markets. stocks pacing the best week since july take a look there. dow is now up 230. s&p 500 is good for 32 as carl

we debate that with our investment committee today joining me are joe, john, jenny harrington from gillmanset management and rob seechens let's begin with stocks. less than 3% from a new milestone, yet morgan stanley's top strategist

house and the senate, stocks may respond positively at least the short to medium turn she is ceo at gillmanu mean if biden wins and of course blut wave or blue sweep, whatever you want to call it, there will be so much stimulus passed, going to make $2 trillion look tiny, that the effect will be to jack the stock market for a year or more >> i think that's right. and terhetoric, but kind of true too, the stock market looks out 6 to 9 months out. and in a dem sweep, we can see what is likely to happen, which is huge stimulus plan, easy fed, that is the short term that is what the market will be digesting in 6 to 9 months the longer term, that is dicier. longer term, it is probably high regulation, higher taxes, less business friendly, but that is 12 to 18 months out and i don't think that is where the market is looking right now so short term, i think it is pretty favorable >> yeah, goldman sachs by the way, they put out a note kind of suggesting the same thing. one of the morgans or maybe both kind of have the similar thinking because we talk about tax hikes, but even if investors are worri

the ceo and portfolio manager join me at gillman hill asset management michael farr is with us as well. let's check the markets. stocks pacing the best week since july take a look there. dow is now up 230. s&p 500 is good for 32 as carl said, a lot has to do in the last few moments on this headline from larry kudlow, the president's top economic adviser saying that the president now wants to do a deal on stimulus let's go to washington and get filled in a little more. >> scott, the president tweeted on the state of the discussions over another coronavirus relief package. he said that the negotiations are moving along he encourages the negotiators to go big this as you mentioned white house economic adviser larry kudlow saying that there has been a plan that president signed off on. it is relatively broad based now what we know is that house speaker nancy pelosi and the treasury secretary are supposed to talk again sometime this afternoon. they had been in almost constant contact almost daily contact and we know that president said he is willing to go beyond ppp, direct checks and aid t

we debate that with our investment committee today joining me are joe, john, jenny harrington from gillman hill asset management and rob seechens let's begin with stocks. less than 3% from a new milestone, yet morgan stanley's top strategist, mike wilson, says a 10% correction remains the most likely outcome in the near-term. joe, tell me whether you agree with this call he said last week's failure to break through technical resistance for the second time suggests the correction is not over he expects softness past the election before the next leg of the bull market. do you agree with that >> last monday we got up to 3,459 on an intraday high. the previous high was 3,588. the reason we pulled back is the absence of a stimulus deal the conditions are fully in place now to exceed that 3,588 high when you look at retail sales in the u.s., when you think about the strength of chinese economic numbers, think about the fact that yesterday we had the single largest travel day for the airline industry in the united states. clearly the conditions are in place. if i look within the markets itself, i

the investment committee here with me now joe along with steve weiss, jenny harrington is back from gillmanasset management. the virus the big story,

the investment committee here with me now joe along with steve weiss, jenny harrington is back from gillman hill asset management. the virus the big story, the number of new cases hitting an all-time high of 70-plus thousand on a seven-day average. steve weiss, turn to you dow down 10% from its high no, we don't have control of the virus. we don't have stimulus we're not rounding the corner. we are, as dr. scott gottlieb said on "squawk" entering the most difficult phase of the pandemic we have yields lower s&ps down for three straight days what do we do with this today, steve? >> well, i've taken off a number of positions i've added some shorts, added some puts to protect stocks for earnings they've done a little bit, but ineffective when you look at the carnage that's out there in stocks like u.p.s. and microsoft, which both had good quarters i'm very cautious on the markets. we're through earnings earnings hasn't been a lift. even though it's a good earnings quarter, put it in perspective it's still down 16% year over year so, markets are way overvalued corona is a big issue. i don't see

the trade gillman negotiation taking place over the channel at the moment, because with the democratsain popping up on twitter to express their opinion on the good friday agreement, it seems there is another party at the talks occasionally? negotiation is a game of bluff and trial, and i helpful to they british negotiating team to be looking over their shoulder, but i think again, these things are inevitable. when we talk about the irish lobby in america, people must remember it is not just democrats. some of its most prominent members are in the republican party as well and they will be as concerned as their democratic colleagues about any attempt to reopen the question of the border. it has always been one of the thorniest issues between brussels and london in negotiations and it will continue to be some. matt: what is the new world order? what is the new paradigm we should be watching out for? russia has come back as a bad actor. china is the new power to deal with. where does the u.k. and the u.s. fit into that sort of post trump -- if there is a post trump -- how much longer can