best week of the year, will the momentum continued 20 me now that bear tracks report founder, larry mcdonaldgoing to see larry when you make of this momentum the stock. larry: well you know we are at this point now were politically, we are talking about 90s of these type price controls and reassuring in protectionism, bigger government and a lot of fiscal policy overdosing and so it's injects the synergy into the market but what is really happening behind the scenes is gold is that that all-time high this weekend people are really the markets we see a massive shift of our from growth to value. it is like a 1968 - 1981 probe portfolio the looks a lot different than 2010 - 2020 portfolio and so, was having his people are starting to shift course in 1968, 1981 portfolio. maria: what is a portfolio look like in a sound like this is very dependent upon the upcoming elections and kamala harris wins what has come a talking about a very different agenda and the president trump goes back to the white house and president trump is wanting to tap into our oil capacity and lower the taxes and kamala harr

maria: will see you soon larry mcdonald joining us and t tim wz la former minneapolis federal prosecutors that is next. it's ♪ [suspenseful music] trains. [whoosh] ♪ trains that sense what isn't on the schedule. ♪ trains that use the power of dell ai and intel. ♪ to see hundreds of miles of tracks. ♪ [vroom] [train horn] [buzz] clearing the way, [whoosh] so you arrive exactly where you belong. (♪) you know, you only get one body. it might be the perfect size to do this. your body may take up a lot of space. or have to speak with its hands. but no matter what body you're born with, you only get one. let's fight like hell for it. (♪) (♪) (♪) (♪) (♪) with so much entertainment out there wouldn't it be great... (♪) ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. >> minneapolis was completelydem walz stood by and let that happen he was a complete disaster. >> we were left h

larry mcdonald. ferguson, new era of escalation in global conflicts, world teaming up against the united states, horror of weakening dollar, series of sovereign debt crises, a thundering capital out of financial assets into hard assets, did we get a preview of that last week with the way the market reacted to a small move by the boj? >> yeah, you know, the boj, they have suppressed the the cost of capital at the bank of japan for so, so long, central bankers, charles, are so dangerous because they have never taken professional risk, right? they're academics. they never sat in a risk-taking seat but they're sitting on trillions of dollars of risk and they have distorted capital for so long people have been borrowing in yen at these crazy levels. they have been buying bitcoin. been buying mag-7 stocks. that's why the correlation between the yen and say the nasdaq 100 or bitcoin, has been pretty significant. and so now, that whole thing is unwinding a little bit. charles: right. speaking of unwinding th

but larry mcdonald, who comes on this show from time to time, had an interesting tweet earlier today,at the last time, or the only times in history that coke was this overbought on an rsi level is into a recession or out of one. clearly, we're not coming out of one, so, it becks to ask the question, what does the market see right now in names like coca-cola? and quite frankly, the way it's been trading over the last couple months, not a parabolic way, but in a tech type way makes it really interesting to say, hmm, maybe the market is sniffing something out here. >> is coke's strength here domestic or international? >> i think it's international. i think their domestic business is holding serve, but the demographic internationally, latin america -- >> when you travel internationally, you do not see as much pepsi as you do coke. coke is the brand -- >> it's the real thing, you know, and i -- >> nice job. >> that's a good slogan. >> that's what we do here. it's one of those names that would have been easy to malign. meanwhile, the five-year growth on this for a company that hasn't been e

larry summers predicted would happen. when people suffer from inflation, they are not buying goods, they don't hire people, manufacturing and construction contracts. >> carley: headlines are about fast food sales and mcdonald'ss since 2020. people are buying less because it is expensive, that is not a good thing. >> when i ran hardy's and karl's jr., i would visit countries where going was a treat and luxury, never thought that would happen in the united states. there was a survey a couple weeks ago that said 78% of people consider going to fast food a luxury. credit karma had a survey in the last day or so that said 50% of americans are giving up essentials to purchase school su supplies. american working and middle class feel like it is in recession and i think that is more important whether economists determine there is technical recession. >> carley: because of all this, the economy is number one issue on minds ofern ms. if you go on kamala harris campaign website, she does not have an economic plan posted for people who may be interested in her to see. we know that she would push for paid family leave, affordable child care, big government spender. what would her presidency mean for the economy? >> more