taylor: coming to 2:00 p.m. let's get a quick check on your money. ahead of inflation data you can see the stocks are ail are bit mixed. tuesday, cpi, wednesday. this is one of the most important inflation prints because we've had three hot in a road, deadlines, the calendar is frankly running out for the fed to cut. if we don't start getting softer than expected cpi prints, people are thinking the calendar is running out of time, the fed may not cut. that is why this wednesday so important. jackie: along with cpi we'll get some retail earnings too. that will be important to see how this is all impacting the consumer. i believe walmart is one. taylor: home depot. brian: we'll see how high prices go. we'll see how well consumers are bearing it. that will move markets for sure. another guy that moves markets all the time, charles payne. he is up. charles: happy monday, good see you, i'm charles payne. this is "making money." markets are hanging on to gains.

you heard about all the crucial inflation data this week. we have two wall street legends say the s&p is heading higher. they have the same target. ed yardeni and sam stovall are both on deck. lots of blowups on earning season. before you're tempted to pick the bottom you must listen to erin gibbs. she has information you cannot afford to miss. she will be here at 2:15. you remember the song or movie, give them something to talk about? the fed is talking but here is the problem, is it communicating. judy shelton on why the fed's messaging is falling flat. i had the honor of giving my first commencement speech this weekend. i will give you my speech for the class of 2024. all that and so much more on "making money". charles: so the market coming off really good week. this part right here is all of last week, doing pretty good, coming up pretty good for the year right now. here's the thing. it needed to make a stand last

week, right the 10-year, the way the feeling of this market, the bounce, it started to acknowledge at least for investors there is desire for more balance, it just can't be seven stocks. it was all really about value last week. this is about values

for the stock market, two real big, big winners. look at the move in the xlu. telling you, that is utilities. although some people would argue, hey, this is stag. and this is-flation. i don't know, i will ask a lot of guests if you believe stagflation is out there. here is one of the problems, when it comes to return on the investment utilities is the lowest at 11 percent. necessarily a place you want to

be maybe as a safe haven. although, maybe this time is different. i know fame must last words, look at this. utilities is defacto a.i., ev play. the last earnings reports, data center. data center. could utilities actually be over their skis? >> i view this as a positive development. we've all been waiting for the market to broaden out. we had a lot of broadening last week. utilities is another example of that. i'm not particularly concerned or anywhere near a speculative

bubble in utilities. that could be down the road. charles: okay. this market moves quick but something gets hot, it gets hot quickly. here's the thing. there is a wave of negative economic surprises. citigroup economic surprise index. it has come down a lot here. we know that helps the stock market. where are we right now? should we be rooting for bad economic news? should we be rooting for good economic news because part of the narrative as the street started to believe there would be fewer rate cuts, it doesn't matter as long as the economy is strange. what scenario is best for a rally a sustainable rally? >> this is the much of the scenario we have unfolding, the first-quarter earnings season turned out to be really quite a good one. we've seen upward revisions in expectations for the quarter. i think the guidance has been relatively good on balance. we have seen that analysts are slightly raising their

expectations for the rest of the year. and, at the same time, some of that weaker than expected set of economic indicators is up to bringing the stablize the bond yield which is also a good development for the stock market. so right now, good and bad news seems stock -- to be good news for the stock market. >> you wrote over the weekend upward sentiment. this is up a little bit here. we've had a big spike in the bull-bear estimates when the american association for vivid investors. what i found interesting about your comments is that you speak about these moves higher in a positive sense whereas wall street typically says these are contrarian, anti-positive when everyone is feeling better? >> well they both have rebounded back governor their historical averages. they're not exceeding those

historical averages the way they did a few weeks ago when i did worry about too much bullishness but having a fair amount of bullishness is all right by me. charles: all right, i got to ask you about your target, 5400. you ready to lift it up here a little bit? what i don't want to read, ed, you lifted the target later in the week. i'm giving you the platform now. let's make some news? >> no, no, that is not my style. charles: i know. >> last year we got to my target of 4600 by the middle of last year and i didn't raise my number. i thought we might have a bit of a correction which we did. then we ended up the year at 4800. i will stick with 4600, that is close enough. i will reiterate i think we're in a solid bull market. i think we'll see 6,000 next year and 6500 in 2026. that is 25% increase from here. that is pretty good right of return on top of what we've already seen the market deliver.

charles: the moral of the story you have to be in the market bottom line, sounds like. >> i think so. charles: ed, appreciate it. thanks a lot. charles: as we just discussed the marketed benefited from a string of bad news, these big economic misses, the potential like, continue freefall of economic data, is that really are the same as a soft landing? i want to bring in mosaic chief market strategist phil blancato. this is in the journal today. investors crowded to soft landing trade ahead of crucial inflation data but some of, some of this data is missing big time. when i think of a soft landing it kind of flutters, it doesn't go off a sheriff of the h cliff. and we go through a hard landing here? hard landly will only happen if we get pressure on labor market. temporary jobs, open jobs versus people looking, narrowing.

quit rates cracking for sure. we're not seeing unemployment up significantly. charles: let's quantify this is a little bit. the fed and wall street say unemployment rate of 4.1% is enough to start cutting. what would be a significant crack. would that be a significant crack for you? >> no, i think it would be closer to five. charles: wow. >> we still have 2 1/2 million open jobs versus people looking give or take. charles: right. >> you first have to eliminate all those, which they won't all go away. you have to see enough pressure where wages come down. wages for over a year are higher than rate of inflation, which is why the consumer has hung on. why the economy has hung on. >> i look at bank of america clients, private clients, well off, maybe a little bit, unquote, smarter. what is interesting the four-week etf flow. massive limited partnerships, financials, bank loans, real estate investment trusts. you heard my conversation with ed, utilities, they're selling utilities, health care i had two

out of three guests in the last three weeks safe take a good look of health care. this seems to be the opposite read of wall street. >> number one, health care, three million johns added. this is a hot space. so much concern what is happening in politics. utilities i disagree with. utilities to me if there is real expansion because of more demand for energy, a great piece about that over the weekend then utilities are a great opportunity except we haven't made money in utilities forever. charles: right. >> why do lps work? mid-caps is second larg allocation in my portfolio. reits, bank loans, financials. why? the blue chip of tomorrow is the mid-cap today. especially financials. what is in financials, regional banks. >> like the regional banks? >> i do. charles: they're looking a little shaky compared to big banks? >> yes. you're taking that risk. that's okay. charles: so what, cpi number, let me jump to the cpi number.

let's say it really finally puts the nail in the coffin of any rate cuts. would that really set back these regional banks though? >> i don't think so. you look at cash on hand, availability of cash, look at default rates so far we're just not seating it. charles: right. >> regional banks have significant more local total assets that the big banks don't have. you're right risks are there. so far the default ratios are not there. economy is hanging in there. they're cheap. i like cheap. charles: less than a minute to go, you like goldman sachs, progressive and amazon. we talked about these names, sort of speak for themselves. g 1689, pgr, amz for those listening on radio. equity premium has come down in. what is your bond stock allocation. >> we continue to increation bond allocation. charles: at expense of stocks? >> yes. stocks are too expensive. the rest of the stocks are fair.

mag-7 are killing in in their revenue but the bond market offers best opportunity of the year by far. i make this buck, i get the ag beats stocks this year. why? as soon as interest rates fall in the fourth quarter, the bond market will roar. because stocks are not cheap. charles: i take the bet. look for you at new year's. my man. a lot of stocks have been hammered of late. you know what i'm talking about. you missed this quarter you paid a heavy price. my next guest says before you think about bottom-fishing there is a famous line from "glengarry glen ross," a loser is a loser. we'll be right back. ♪.

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charles: so for investors there are always two urges when stocks come down, when stocks get hammered right? if you have them you want to hold them but if you don't you an want to buy them. there is distinction between buying something doing really well and trying to buy a disaster. i want to bring in llc chief investment officer, erin gibbs.

here is the funny thing. we get your notes, right? i'm looking at a list of the most oversold stocks in the s&p 500, the inference is obviously there. there are bargains you may want to look to buy them. i put an arrow you mr. had on your list, no coincidence. >> yeah. charles: don't buy these things, they shouldn't be? your portfolio anymore? >> one of the big themes we're seeing there is some softening in consumer buying. charles: right. >> that is part of the theme. that is sort of your expedia, be starbucks, ulta specialties. the fed released a interesting note saying two billion of excess savings has been used up. now consumers are -- charles: we're minus 72 billion, [laughter] >> minus 72 billion. we have strong wages. consumers will be a little more selective. so companies with very highly valued with lofty expectations are the ones that are going to get hit. so be very careful about those. the other thing we're seeing is semis, the non-ai, everything

but nvidia is getting hit hard. even when you look at some of these target prices it will take a long time for them to come back. charles: a long time. >> a long time to come back. charles: what is interesting, cvs, intel, akamai, even starbucks, then some of the other names from your list, disney, what i see are companies that have just been disappointments for a long time? >> right. charles: listen, they don't just, i don't know why people think all of sudden management that fumbled the ball for eight quarters or two years, all of sudden they will become brilliant? it usually doesn't happen that way, right? >> exactly. we're seeing missed revenues, slowing revenues, we're seeing, that we know consumers are being a little bit more after pinch, they will be more selective. these mismanaged companies you don't want to go to. charles: right. >> these are the avoids or get out right. charles: it comes out to management, execution, if they're not executing they don't necessarily figure it out. areas cooling down. you're talking about the

consumer. technology in general you think is cooling down? >> technology, more specifically really it is about internet services and some of the semis, very specific industries. i think there are areas in technology doing really well. again how you execute. there was a lot of lofty hopes for internet services to use a.i. to become more profitable. unfortunately after the first quarter report we've seen that that just hasn't been coming through. it looks like there will be a lot more competitiveness. it will take a little longer so, if you're going to bet on a.i., there are a lot of other opportunity through energy and through other uses versus internet services. charles: it is interesting. i had the conversation with ed yardeni in a block and a lot of times we built the story and success into the stock price before it happens that is not unusual. >> right. charles: you like the small cap area, small cap themes. energy,. >> lpg. this is about natural gas similar to what he had cast was

saying. use of a.i. this is trading six 1/2 times earnings. very little room to tank. charles: you love risk/reward. >> i love the risk/reward on this one. >> industrials, geo, is global security, getting out of your consumer, moving more into industrials, is another safe bet. semis there are semis that are doing well this is more about reshoring but veco, riding cereals for making semiconductors not necessarily making semiconductors. charles: i have 30 seconds. i don't have a chart, pretty obvious the consumer is feeling inflation. mcdonald's stalk about it, i think starbucks. >> a lot of these names are mentioning it. charles: day away from that area as well, right? >> anybody where you're having to pay a premium where a consumer could shift into a lower priced product like a starbucks or even ulta beauty,

specialty retail, consumers can simply cut back, not by one more lip gloss, one less eyeliner, another opportunity to -- charles: i saw another chart showed percentage of generic offerings in terms of market share going up. >> yep. charles: even as their prices get even more discounted to the high-priced label stuff. >> yeah. charles: great stuff. >> don't overpay. charles: don't overpay. that's a good one. speaking of the consumer, folks, they're certainly feeling pressure of this, take a look at that, wow. when we come back we'll try to take a look at the fed and i don't know how it is doing its job and can it do its job the way it is constructed. ayesha tariq and judy shelton with us next. ♪. so, what are you thinking?

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♪. charles: you know jay powell always says it is about consumer expectations when it comes to inflation. he won't like what the new york fed had to say today. kelly o'grady here to break it all down. kelly. >> reporter: well-said. it certainly wasn't good news. the latest consumer expectations from new york fed. it surged to the highest levels we've seen since november.

consumers look at inflation 3.3% a year from now. i will note that is well above the fed's target of 2%. this is something that consumers are bracing for across the board especially when it comes to commodities. versus last month you had food, gasoline, rent, medical care, all expected to be up 0.2 to 0.2 percentage points. college though, bless you if you are putting kids through college, that is expected to be up 2 1/2%, percentage points versus last month. the worse, the thing is that the rise in the spending, consumers expected it to come with smaller future earnings and income gains. really not good news all around. if you start to break it down dem -- demographically, high school educated, 40-59 bracket are seeing fastest inflation gains. the high school, you can't see, itit more or less, take my word for it, expecting gains of

3 1/2%. that is which demographics seeing. those 40 to 59 are expecting 3 1/2%. this reports mirrorses what the university university of gush man sent said there. buying conditions fell off a cliff. look at this, for for homes, for vehicles, for household appliances, you see the drop right there. in addition to home prices being high it appears more and more people are getting locked into what we call rent traps. so it is a situation where putting so much of your household income towards rent you really struggle to safe you'll save up enough to buy a home. forget about anything else like a rainy day fund. zillow showed the share of income you put towards rent, ticked up 20.29%. you see it inching up there. renters income needed to afford

typical rent is close to $08,000. that is very concerning for a generation hoping to build equity. charles: absolutely. rent trap is the worst kind. kelly stay there. we like to come back to you there. we have ayesha tariq. inflation taking a toll on everyone but especially gen-z. credit card debt up 44%. we have the numbers on the screen. the question how much longer can peel in general afford to grain and bear it? >> hi, charles. it is scary. what i just saw was 2.5% for college? i have a kid who wants to go to college in the u.s. and that's not comforting to me at all. so, yeah, i think it's putting a lot of pressure on the consumer right now. we're seeing this gradually spread throughout spending data. which is a good thing in general but at the end of the day i

think it creates a lot of pressure in terms of you know, the lower income consumer which is where we're seeing most of the pressure. charles: right. no doubt about that. i did see you were on the contrarian podcast. titled the specter of stagflation looms. powell says stagflation is nowhere in sight. is he wrong? >> so i don't think he's wrong per se. i don't know if we are in stagflation just yet but you know the change in the data, the rate of change is showing us that's where we're kind of heading you know? that is always a worry, because when you have stagflation, you obviously know we have slower growth, higher inflation. it is never good for the consumer when that is the situation. it is not good for companies either because we see profitability come down. charles: i don't know why they dismiss it out of hand. we are always waiting for things to happen instead of anticipating them to happen. i don't know why we have the fed in the first place. i don't want to digress too much. i want to get your thoughts on

the cpi report this week. where do you think when it comes in and what it would mean for the markets? >> so the consensus says cpi is supposed to come in slightly lower. we're a little wary of that going into cpi. we might see it come in, you know, not a big change from last time, but our main source of worry is rent inflation and as you know, shelter inflation makes up about 36% of the cpi. charles: right. >> and what we've been seeing we've been tracking home price data and that started to inflict upwards again. so we might actually see rent inflation going up again, even though other measures of rent are showing a decline. charles: not much. we saw this zillow thing. i've seen a lot like zillow where they're down from the top but they're nowhere near the fed can say oh, the coast is clear and in the midst of all of this what are you buying right now? >> so we have a couple of things we're, we're playing a couple

themes actually. we play a company called aeries at that networks. charles: don't remind me. we took profits the day before they reported. i have people telling me why did we sell, why did we sell? anet is the symbol. folks. what else do you like? >> the other one we like, well tower, well. senior housing theme in the u.s. we think there is a lack of housing there. plus well tower has a a real good balance sheet. they're rescuing small players. we think they will do well soon. the other two we like devon energy and general dynamics. charles: thank you, aisha. talk to you real soon. every day for financial markets, our eyes and ears are on the federal reserve. for me it is becoming a

overwhelming driving force. kelly o'grady on today's news our earps picked up from the fed. kelly. >> reporter: it was all about communication. vice-chair phillip jefferson gave a speech on communicating monetary policy. he focused what should happen in theory and of course what happens in practice, not always the same, right? so jefferson hit on several sub topics i want to highlight. first the evolution of the federal reserve communications. he highlighted under the new keynesian model, expectations became the focal point in academic and policy circles. one of the model's developers put it this way, not only do expectations about policy matter but very little else matters. jefferson in that speech he also highlighted the communication challenges facing policymakers. whenever a fed member talks what do we do, charles, right? we listen for clues. the stock market trades on the appearance or even the absence of a word. on one hand you have the expectations i mentioned but you also have communications that

can cause those unintended consequences. you put them together, finally he talked about insuring that policy is understood and that is no joke. the fed has a dual mandate of maximum employment and price stability so formulating good policies is key but communicating those clearly is just as a point, or rather important. to finish i want to zoom out, perhaps the problem might not be the way they communicate but the notion there isn't much diversity of opinion. so today in a survey of 108 economists, only one, okay, sees the possibility that there will be no rate cuts this year. not a lot of diversity there, charles. charles: i just had that conversation with aisha. it is mind-boggling to me they don't see where the puck is going. kelly, thank you very much. let's bring in senior independent institute judy shelton. jefferson folks conducted on

communication. let's be honest, economists in general, the lack of diversity in thought. when the senate failed to approve your nomination at the fed, there was npr interview. i want to share a snippet with the audience. >> what makes her so controversial, what are those unorthodox views she has. >> she has history of some pretty unusual statements. >> unusual statements? you're an economic historian. unusual? i mean, so, so everyone is thinking the same. this group think, i think, how much do you think it hurts the fed everyone thinks the same, no one can be unorthodox or unusual? >> i think it's a shame. really the only diversity that should count at the fed is intellectual diversity and that quite often reflects your political affiliation or philosophy. for instance, people towards the

right tend to believe that a free market economy is the best way to deliver prosperity. so they believe in price signals. and they think stable money is the best thing the fed could provide but people who lean more to the left have more of a government nose best attitude -- government knows best attitude and they use money as economic tool of government to reach its objectives, instead of being a reliable tool of measurement for the private sector. so the fact that the political affiliation of the 400 economists who work just for the board of governors of the federal reserve in washington, is more than 10 to one registered democrat to republicans. that's throughout the federal reserve system. charles: right. >> and i think it shows a lack of diverseity and you're

probably accounts for consensus and unanimous votes at the fed and i think the dangers of group think. charles: you know what that leads me to the other thing that bothers me, they're never in doubt even when it turns out there 100% wrong. >> yeah. charles: think about 2020. nobody sounded the alarm there about the prospect of all this fiscal spending knowing two trillion dollars was going to happen instead, here is headline, why economists don't expect trillions of dollars of economic stimulus to create inflation. again the orthodox opinion, old school opinion was, economics 101, two trillion dollars of money chasing too few goods is guaranties inflation! >> well i might have said, i might have piped up with an unusual statement at that time and said that kind of deficit spending is going to spur inflation, it's going to put fiscal transfer payments directly in the pockets of

consumers. that is going to put pressure on prices. >> right. >> no. that group think causes big mistakes that come about. even if you look at the summary of economic projections the fed puts out four times a year, that's an embarassment. they have been so wrong in predicting inflation and unless you think the members of the federal open market committee are somehow omniscent i don't know why anyone thinks that forward guidance provides any better indication of where even the fed is going to go. charles: right. >> then just looking around, those predictions of 3 1/2% inflation could well turn out to be far more accurate than any messages we get from the fed. charles: judy, we're out of time. so much more i love to talk to you about so hopefully you can come back soon. thank you very much. i always appreciate your unorthodox wisdom for sure. >> thank you. charles: see you later.

well my my next guest sees the s&p 500 exceeding 5400, he just raised his target. a new bull on wall street, sam stovall shares why he upped his ultimate forecast next. ♪.

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♪. charles: so my next guest observed the way the market reacted to april swoon gave him and his colleagues more confidence in the stock market rally noting in his sector watch report, cfra's investment policy committee raised their 12 month target for the s&p 500 to 5610, that implies a 2024 target at 5430. let's bring in cfra's chief investment sam stovall. am, what was the target before that adjustment and what about the reaction to the april drawdown impressed you so much? >> hey, charles. the target before was 5250. so our expectations have been improved. it is also a couple months since we made that prior target. so what we like to do is continue to have a rolling 12 month target so our analysts can

decide whether a stock's intrinsic value is a buy, a sell or hold. charles: i love the notion of a rolling 12-month target. i think that makes a whole lot of sense. let's talk about the leadership in the rebound because it has been a little unique. the dynamics of the market the last 30 days versus the first quarter. again growth played less of a role. you've got energy, you've got utilities, can these names though continue to lead the way? >> yes they do. history tells us after we've recovered from a decline of five to 10% or what i call a pullback it's those sectors that led the way from the bottom to that recovery level that then continue to advance over the next three to four months until we hit another speed bump and typically while the mark get gains 8 1/2% in the postrecovery period, these top three sectors 10 to advance by an average of

10% and beat the market essentially two out of every three times. charles: wow. so conversely the sectors that struggled as the broad market was coming back, how much exposure should an investor have with those? >> well, probably have less exposure. you know i wouldn't say you want zero exposure across the board but rather underweight those that really did not just show investor interest. the old adage of let your winners ride but cut your losers short. charles: although a lot easier said than done. i have to ask you about cpi, right? cpi, let's say it comes in hotter than expected, would you go back to the drawing board? >> i wouldn't reduce the number once again because i still believe we could easily have a 4% price appreciation between now and the end of the year and a sub8% gain in the coming 12 month period. if anything i'm being a little bit too conservative. i look upon target prices more

as a weather vane than a laser beam. given the idea where we're headed for the full calendar year as well as the coming 12 month period. let's remember every election year since world war ii that started with a positive january was higher for the year and the average gain was about 16%. charles: that is interesting. we had the conversation floe the beginning of the year but even the bulls seem cautious by bullish standards. what's out there what's out there that is sort of a dark cloud out there? >> i think a couple of things. first off, geopolitical aspects are always a concern. what is putin likely to do next? what about china, what about the tensions in the middle east? will that cause oil prices to go up to $100 a barrel? we're looking at valuations on the s&p 500 that are about close to 30% higher than the average over the last 20 years. so you wonder, will investors be

gravitating to other areas around the globe. so, certainly there are situations that could represent concerns or speed bumps along the bay but right now we here to the old adage the trend is your friend until it ends. charles: i love when sam stovall gets bullish or even more bullish. all right, buddy, let's talk again real soon. >> look forward to it, charles. charles: all right. i had an amazing honor, i delivered my first commencement speech over the weekend. i will share part of message i said in 2024. >> i feel like i'm the embodiment of the american dream and the american promise. promises and success are happiness but the ability to pursue those things.

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charles: all right, the stock in a day, drum roll. game stop, at one point today up

100% and in fact up almost 300% since the beginning of may. now, this move is being attributed to roaring kitty. he posted this tweet signaling that he's back. to say it caught my next guest's attention would be an understatement. bring in capital manage gary kaltbaum. i don't think you're thrilled about this move. >> do you believe we have to discuss something called roaring kitty when it comes to the stock market? charles, i think these things can go hire. i believe in risk on. i love when the market is risk on and the total froth and speculation and price. it was down 99% from the highs and let's jump on. game stop even with this rally over the last week and so and today is down 75% was down in the 90s but jump on it because

of an x little put up bay roaring kitty. i just don't get it. i leave the message to everybody. we're not telling you to buy, sell, short or cover. maybe they go higher, maybe they go lower. when the music stops, don't be the last one in because they all go back to where they came from in the end and it's been proven out throughout the decades. charles: i think a lot started at least when i started watching were carvana. carvana was a $2 stock and had like a 50% short and now like $130 stock and a lot of wall street folk hads a put a buy in it and they had to play out and a broader buying in the market because i looked at my notes and said you were buy ago broad market. >> we're big believers and talk about technical analysis and the big indexes are back above the moving average and only have opportunity when you stay above. when you go back below, you lose

the opportunity and for me, it's been very tough on individual basis and buy the broad market for right now and we're stocking names and somebody mentioned the network a little while ago. great reaction to earning ands watching on pullbacks and stocking qualcomm here and spotify and of course nvidia, which we made in the 70s on the last time we stop it had. is now settling down and quieting down getting to earnings and see what comes of that and if it 5050, 100% will be in and comes from quieting down stocks and there's plenty out there we can hold our hats on now. charles: nvidia got the 30 highest from the second tier and everyone is a powder keg ready to go hire and is that a

defensive or offensive move? >> we're worried if the dollar rallies and it'll pull in and next time we get in, we're looking at gold stocks for a very long time, the stocks have underperformed the metal is starting to outperform the metal and gdx will be the place i go and right now i'm flat there and we'll await two huge inflation numbers here and hate saying that and i really think we're in a moment in time that those needle movers and the next two days and see what comes of it. charles: speaking of inflation and needle movers, i have 30 seconds and you mentioned powell, you think powell went political just again, not a lot of time. explain that. >> he lowered the unprinting of his printed money, which is easing monetary policy and that's why you saw the 10 year

go to 4.7 torpid 4.5 and it's juiced the market for the fed meeting and that's basically how it works at this juncture. charles: great observation and great to talk to you. see you later. >> thanks, charles. charles: over the weekend, i had the honor and privilege of giving first commencement speech for the graduating students at westminster in fulton, missouri, and received an honorary degree and spent a lot of time discussing the importance of those who pave the way for us and how we'll pave the way for the future. i talked about fear. take a listen. >> be your awe ten tick self-. go down roads that are less traveled, break down barriers include the bar barriers in youn mind. never stop asking questions. i'm here because my grandparents were brave. i'm here because my mother and father were brave. i'm here because i want my daughter and granddaughter to be

brave. it's not the same as being fearless, but i will not let fear paralyze me. charles: i got to tell you, it was truly a great moment for me in my life and i cannot thank president don lofie and the board of westminster college and the students that were just so absolutely fantastic. plus, it's so amazing to get away from new york city sometimes but, you know, we talk a lot about the doomed nature of young peach in the country, doom spespending and doom scro scrold at westminster college in the heart land, right now we've got our future is very, very bright. something i'll never forget and always grateful for. hand it over to ashley webster in for liz claman. ashley: terrific stuff, charles. those students very lucky to hear your message an