oh, phil flynn. do need -- you know what, i do need, phil, a clapper for everybody's live shot here. all right. >> yeah. liz: okay, so -- >> the stocks have had an incredible run. i think part of it's about the election but part of it is about the fact we are going to see better efficiencies in solar, you know, in the future. so people are betting big and if biden gets in, that would be positive. obviously those stocks have been very very volatile. i keep reminding people, when you look at solar, and everybody thinks well, solaris going to replace traditional energy sources, you have to consider the fact, to produce the same amount of energy that you would get out of a natural gas plant or nuclear plant, the land mass is like 300%, 400% more land mass -- liz: yeah, but dan brouillette was on this show a few days ago and he said the trump administration has been looking at a check all of the above boxes. so it's not as if we are looking at a situation where they are somehow trying to crimp solar and p

fox team coverage set up with chief meteorologist rick reichmuth on the path of the storm and phil flynning the oil markets which is important as well. phil, we'll get to you in a moment but rick what are you watching? rick: when the storm made its way around the yucatan peninsula was small center of the storm. not much hurricane-force winds extending out from the center. that will be different when this gets closer to the u.s. coastline a much larger storm and larger area impacted by that. hurricane watches from parts of southeast texas across the louisiana coastline and down towards the mississippi river delta, plaquemines parish with hurricane warnings. this moved out back over water. spent very little time across the the land of yucatan. 100 mile-an-hour storm. hurricane hunters are in there seeing how much structure is left how quickly it gets its act together and strengthens. that is what our modeling does. this is one of the forecast radars what the modeling looks like. you notice at very tight center, very organized storm and the official forecast track keeps this very strong sto

fox business phil flynn is in chicago.be one of those things heard around the world when you consider the topic. >> we heard it loud in the oil patch, and joe biden is coming for you guys and they know it. they really i think joe biden made a big tactical error, i think that he lost a lot of folks in the oil patch last night and when it comes to the impact on energy, they are talking about a major part of the u.s. economy. he is going to shut down 8% of the nation's gross domestic product. he is going to replace 11 million jobs? that is a very tall order, and to be honest with you, i think it is going to be a big mistake for joe biden and i think he lost a lot of votes. >> harris: you know, when he talks about fracking and some of these other things, i'm just curious, you know, you kind of hear him say, only on federal land, that does not seem to be a topic that wins for him. so what do democrats do? where do they stand on this when they hear those comments? because you see people coming out today and having the reaction i

scott redler and phil flynn. scott, lay it out for investors. you have the rising covid cases and again, we want to stress, rising hospitalizations as well. dwindling stimulus hopes. the election and tech hearings on wednesday. all of this on the horizon. we can put these up on the screen. if we are going simply by today, we know it's covid driving the action but does the pandemic maintain its hold on the markets and on investors' psyche for the rest of the week? >> well, you just named pretty much a perfect storm. if you remember, i heard you mention before the vix, you said two, three weeks ago what can investors do in order to have some insurance just in case a storm hits and that was buy vix call spreads for the election and for december. hopefully some investors did that. but for this week, i think all eyes like you said are on big tech earnings, right. you have the biggest ones out there, amazon coming up, facebook, apple, microsoft. i think amazon and apple are going to be very important. they are both on thursday. we will see whether or

phil flynn, what would you be buying on a day like today, where people have been waiting for an entry point to pick up some stocks on sale? >> you know, i think with the breaking news, i was going to say consumer staples would still be the place to be. your clorox has done really well because it looks like people are catching covid-19, will continue wanting to be -- have clean hands and things. and home depot. i think the bigger issue with this, i think tom is right. the good thing is the election isn't that far away until we can get the stimulus and the president can do things, but the market was really prepared for some type of stimulus deal over the last 24 hours. they have been teased with the talks and so this is a big disappointment. i think right now, the way that i would play this, i would bet big on apple on the pullback. i think a lot of good things are going to come out of that. if you notice, one of the stocks that are bringing it down today is the things they are not going to sell in the store -- liz: logitech. >> at the end of the day, this is a big shock to the system w

scott redler, phil flynn.cott, the fed is going to do what the fed's going to do, keep rates low, but now they are suddenly worried about asset bubbles. you see any forming? do you expect any to form? what are they? tell our viewers. >> well, first of all, the fed has done everything in their power to keep assets inflated so for them to be worried about it now, i don't think they will be the pin that pops the bubble, so to speak. i don't think we are in a bubble. i think some groups might have been overheated. maybe if you want to look at a sector, maybe the spac sector. everybody wants to have a spac and everyone thought each one of them were going to perform well but now it's a little oversaturated. you need to be very careful if you are going to be investing in spacs because they are not all created equal. but as far as tech and the s&p, you know what, people are a little anxious right now. we have an election coming up in a few weeks, people are worried if it's going to be contested. we have major earnings

we managed to corral tom hayes, phil flynn and steve shevaron.a sense as you look at even the home improvement guys right now, it's been a really tough month overall when you look at 30,000 feet but are there other best buys to improve your profits that you see at least with about 29 minutes left to trade? >> yeah, liz. well, thanks for having me. the key that i'm seeing here today is that it feels like it's a risk off day. however, when you look at the ten-year yield, it's luactually steepening and the regional banks -- liz: why is that? i noticed that. >> this is not a liquidation. this is a rotation. the market actually traded the exact same way in 2016 in the days going to the election. if you look at apple, amazon, facebook and google, which reported, they averaged 39 times forward earnings for 31% earnings growth versus the s&p, which trades at 20 times forward for 24% earnings growth in 2021. this is a rotation from high valuation stocks to low valuation stocks, and you hit the nail on the head with mohawk industries because they are going

biden would not admit he wanted to ban fracking but when pushed he said he wanted to phase it out, phil flynntry is 8% of gdp and i'll add to that it represents 10 million jobs in this country when alternative is only half a million at this point, when joe biden is looking at this he is missing the forest through the trees, don't you think. >> i think he is missing a key point, energy is the lifeblood of this country, what the oil industry does is produce the molecules for natural gas and produce the molecules that turning to diesel fuel, gasoline et cetera, before we had fracking and before we advanced from 5 million barrels a day production domestically in 2005 to 12 million barrels a day in 2019, we were under the control of the saudi's and opec on the price and availability of oil, what joe is proposing to put us back under the control of opec because we will not be able to produce enough domestic energy and the transition that were talking about with electric vehicles, is going to take 20, 30, 40 years, i've seen statistics and studies at say half of the cars in 2050 will be electric, th

phil flynn, thank you very, very much.the election, guys, i guess we just don't know. maybe bobby jindal does, former louisiana governor and presidential candidate with us right now. governor jindal, good to have you. >> neil, thank you for having me back. neil: governor, i'm looking at the economy, you can look at it through a variety of lenses, but it's undeniable that at least we have picked up and sometimes considerably from where we are. we've made up more than half of the jobs lost to the pandemic, but until -- and this is despite americans give the president the edge over joe biden on handling the economy, polls are what they are, and they could be wrong, but they're consistent in this respect: the president isn't gaining any overalltrack. in fact -- traction. in fact, he is losing some ground to joe biden. what do you think is going on? >> well, look, neil, this debate was a great example. that was painful debate to watch, and one of the painful parts was that trump missed a golden opportunity to contrast his recor

neil: phil flynn, thank you very very much.re, gasoline jet fuel, all the costs for airlines, that goes down so that's a good backer for them. then you have this news that the president wants to maybe work on some mini stimulus deals, not so, you know, humongous and what would be relief for the airline industry. reason why leisure stocks, hotel stocks, are doing very very well today. the opposite of what we saw yesterday when the president tweeted and put the kibosh on stimulus talks. they are up on the prospect something could be up. after this. that pottery studio. how did you come up with all these backstories? i got help from a pro. my financial professional explained to me all the ways nationwide can help protect financial futures in peytonville. nationwide can help the greens get lifetime income because their son kyle is moving back home and could help set up a financial plan for mrs. garcia. and he explained how nationwide can help mr. paisley retire early and spend more time with his pal, peyton. and their new band. exa

explain if you could how you extrapolate stock picks from data and phil flynn, actually, oh, teddy is on the phone. okay. i will start with you. go for it. on the phone: basically, you look at the numbers and obviously, you basically move to the sectors that would either benefit or not benefit from those various numbers that represent various sectors of the economy. if you look at numbers like, for example, from industrial activity, you would look at companies like, i would look at companies like dow and dupont. if you were looking at housing, perhaps home depot and lowe's to take advantage of all the new homes. a positive direction for the cpi, that would benefit financials so you look at stocks hopefully like schwab or jpmorgan. and the ppi which is sort of interesting because that has clearly benefited from the pandemic, and people want to be outside more, so companies like polaris industries that make all these vehicles that folks use when they go outdoors. liz: that is a perfect explanation because i want our viewers to understand that traders like you guys and phil, weigh in her

phil flynn, i will start with you. you will at 89%, pretty good odds. we have endured a very odd year. what do you think? >> i think you should get, just because we are through the uncertainty, whoever gets elected, we will get a bounce. the initial reaction as we saw from the last election could be a little scary, you know. of course, when it looked like donald trump was going to win, we went limit down on the stock market, then it was time to buy and that was the low for the year. i really think over the long run after that initial reaction, you got to look at what stocks are going to be, the leaders, what stocks are going to make good opportunities. it's going to come down to who wins this thing, right? we know joe biden is not energy's friend right now and energy has really been under a lot of pressure. if donald trump pulls out the win, i think energy is really going to benefit because they are fighting not only the markets, covid-19, they are fighting fears of regulation. that's got those stocks down. take a look at a biden victory, green energy s

just as phil flynn said at the top of the show, liz, if you fell asleep on december 31st and you woke you'd say nothing happened. [laughter] ashley: nothing happened. if only. yeah, liz. the top three performing sectors on the s&p this week have been energy, technology, both up 5%, and health care up 4.5%. as for the individual winners, you can see them on the screen there, you talked about earlier up 18% maybe being bought by amd, tapestry, the luxury goods retailer up 16% this week, has brands such as coach and kate spade, a number of rating agencies have upgraded the stock. price targets as well on the belief that luxury goods retailing is starting to come back. and quickly an ag chemical company, corteva, star ambassador value says surging price on this could go up as much as 90% thanks to margins growing. that's why we have now, let's get to those weekly losers. it should say winners at the top there, by the way. there you go, here are the losers. domino's, what? down nearly 10% for the week. the pizza company had its best same-store sales growth since going public back in 2004,

joining me right now is senior market analyst fox business contributor phil flynn, great to see you, already we are seeing oil prices spiking in the last week up about 10% on the week, phil. phil: it really is, it's getting tedious right now for the golf - gulf coast and that's a real big concern, you know, already 90% of gulf oil production is down, 60% of natural gas production is down and the big concern right now for the country and for the economy is how bad this is going to hit the u.s. refinery sector. remember it was a couple of months ago that hurricane laura shut down refineries for a long period of time. that caused prices to not go up as much as normal but a second hit to refineries, could cause a problem for gasoline prices across the country because already gasoline supplies have been tightening a lot more than people think, demands come back, so that could cause a problem for gasoline prices if the storm disney damage to the refineries. maria: yeah, all at a time that oil demand is slipping. you've got a new survey from opec saying that demand in wealthy-developed count

joining me right now is price futures group senior market analyst, phil flynn.ou this morning. what's driving the pa the marke? >> obviously a lot of things. not only are you getting a triple shot of hurricanes down on the gulf, which is really raising concerns about demand disruption but really about the second wave of the coronavirus which is really hurting demand expectations. and it's a real shame because if you look at what we've seen in the world, it looked like oil demand was crawling its way back from one of the worst hits in history and again, the fears of a second wave and this storm is incredible. i feel really bad for the u.s. energy industry. it seems like every time they turn around they get sucker punched, whether it's three hurricanes hitting right in the heart of the u.s. energy industry, you know, or whether it's the covid-19. the energy industry just can't seem to get a break. maria: so what about over-supply worries? they are growing, right? france is requiring citizens to stay home for everything except essential activities, beginning tomorr