around with bitcoins and that's fine too . i'm invested in bitcoin, i like bitcoin for the long term but i think the solid base to be built in spy and other etfs that represent the economy in the united states. charles: peter, if you say it's a solid base, you're the most solid guy out there. appreciate it. it real hi has truly been an honor to get you on the fan. again, i've been a big fan of yours very a long, long time and i suggest everyone follow you wherever they can on social media or whatever you put out. you're one of the best and a lend. i appreciate you spending time with us. thank you very much. >> my pleasure. my pleasure. it was my lon norto be on with you, charles. charles: see you, peter. relatively changed and we'll see what happens. we have an hour to go, liz. bond auction that was surprised that the market didn't go down on it. liz: well, the dollar started to suddenly strengthen, did you see

that? the green back. that's why we're wearing green. green thank you very much, charles. the dow and s&p are both trying to hit eight days of gains in a r. it is not happening right now. the dow jones industrials is losing 92 points, the s&p, maybe we can see a turn around here. it's down just two points. the nasdaq, if it were up would make it nine wins in a row but maybe eight was enough. we have the nasdaq down ten points. so no big spasmatic moves here but we're looking at marks in the red and investors are waiting before they roll the disney dice. big dow component obviously. they're waiting on shares at the moment, which are just about flat at the moment, slightly down. earnings after the bell, there's so much at stake with this particular report. since november 20th of 2022 when bob iger took back the reigns at entertainment giant, the stock has fallen 8%, okay. can he present a cohesive plan for all of disney's moving parts

from disney plus to the parks? abc network and espn whose financials will be broken out for the first time in a disney earnings report. well, it will be enough to satisfy activist investor nelson peltz, that's a huge question and he's back to circling disney with a fresh demand to fix the stock and lost 15% year over year. coming up, stand by for arguably the most widely followed disney analyst light share partners rich greenfield and what he says you need to hear if you're a disney shareholder or thinking about buying the stock. we have to talk about stocks on why worner bros discovery stock is cratering right now. with this loss, it's at session lows, down 17.7%. bar none far in away the worst performer on s&p 500 and wbd reported a quarterly loss. it was the quarter with the barbie movie revenue. it was a huge hit.

what happened in we'll ask rich greenfield about that. aside from disney after the bell, we're waiting on day care two actions and we're up 6.25% for t2 and set to unveil the trailer for the next grand theft auto game next month. mast mast's merger with activision blizzard, the maker of call of duty, check in on microsoft, up half a percent. that make it is on track for second record close in a row. let's get to interest rates, specifically mortgage rates. did you see this? major news breaking today and this time home buyers will be a little happier. the average 30-year fixed rate mortgage dove a quarter of a percent week over week falling from 7.86% to 7.61% today. yet several members of the federal reserve have said over the past 24 hours, they still see a twelfth interest rate hike at some point. here to guide us through rate, the economy, how stocks move us

through it all. art laffer and trader scott redler. art, none of the fed heads that have spoken so far today are even touching the rate issue, but yesterday two of them went ahead and michelle boman and lori logan believes another rate hike is going to happen. what do you think? >> i don't know if they'll raise it or not, liz, obviously, but i don't think they need to be controlling rates. i think they need to stop intervening in that market and let rates set themselves. you know, they should be reducing their balance sheet substantially and they built it way up in the last 12 years, and now they should just be letting rates set themselves and what they should do is control the size of the balance sheet and let the economy grow and then you'll bring down inflationary expectations, which would be great and with tax cuts due to economic growth and would be in perfect shape. i suppose they are going to have one more rate increase if not a

couple more unless the economy really weakens. liz: okay. possibly one more because prices are not near the 2% target rate that the fed insist on holding onto. >> and they're not under control. they're not controlled. i mean, they're not subdued for any long period of time. liz: i'll tell you what is subdued, at least from the point of view of bank of america, brian moynihan, he was saying during a reuters conference a couple of hours ago, he sees a soft landing, he does not see a recession coming. i mien mean, maybe a bit of a middling of the economy, but are you looking for a recession, even a shallow one? >> well, i'm not really looking for a recession per se. what i've seen is from 19 -- i mean from 2000 on, there's been a steady decline in the growth rate of the u.s. and a diminution of all that productivity growth and partis tiglates and all have been coming down, down, down and what we look at in the labor market is the growth and labor market -- growth and jobs

declining substantially and that's what i really see. not necessarily recession but just a slow long term growth because of very bad pollties coming out of washington. policies out of washington. liz: yeah, those policies whether you agree with them or not are not hurting the stock market if you look year-to-date or year over year hawaii are you expecting right now between now and the next couple of months? >> we've just seen -- >> in stock prices? liz: scott, our trader is here. let me get him and then i'll let you weigh in, art. >> he's much better at it. >> we all have our specialties. i agree with what art said and also agree we'll not have a recession as long as they stop raising rates, which i think they d. i personally think rates have peaked. we saw that two weeks ago and saw data coming in and saw it weakening and then we had this big move in the markets to s&p 4400. what i'm thinking, liz, i'm thinking that we pause here for a few sessions, we already

started seeing it today, i think rates could kind of bounce around a little bit, but i do think that we're going to see more upside to the stock market coming into year end, and then i also -- not in the camp that we see s&p all time highs this year and if we have a soft landing next year, the s&p goes to all time highs and break out of the range we've been in for the last two years. liz: what areas do you say, look, go long here for now. this will give you a bump? >> i think there are two approaches right now. right now tech is working. i think you stay in high beta tech or mega tech through christmas and no one will be selling that and nobody wants to pay taxes so they're going to keep the winners so usually stronger stocks get stronger and at the same time start accumulating the small caps, iwm little by little and they've been the worst sector and probably ones that don't give you a appreciation right away but getting over the hump in december, in january the small

caps are where the investors will get the best bang for their buck. liz: art, january marks an election year. the federal reserve typically is disinclined to move rates durins during an election year. does that play into it or is jay powell the kind of guy saying i'm looking at price control or getting them under control and that's all that matters to him? >> you know, obviously politics make as lot of difference to them, and if it is a match between biden is trump, which i believe it will be, they would much prefer to see biden elected than trump, and therefore they'll do all they can within reason obviously to make it a good economy for biden coming into the election. so what do you think? there's one thing to look at here. we all look at stock prices the way they just appear in the screen, but we've had quite a bit of inflation and if you look at real value of the market, you've got to subtract 7 or 8% from that and if you go back to the beginning of biden, you've

got to drop it maybe 20% because of the increase in prices that has occurred since he's been in office. when you look at it here, it's a little different. liz: to that end, i'd love scott's opinion on this too, mark to market, what's the real value of stocks going way before president biden to trump and maybe even the tail end of barack obama, people were saying this can't possibly be the real value of these stocks. scott? >> the real value of stocks is relative, okay, with inflation sometimes it feels like they're more expensive or they're cheaper. everyone always does a little bit of talk about the s&p and the pe. the bottom line is it's supply and demand and long term the bull market wins. if you go in every single month and put money in s&p fund over 15, 20, 30 years and it'll keep up with inflation and compounding laws, it'll prepare

individuals for their retirement. hopefully put kids in college if you start a 52 early enough and it's hard -- 529 early enough and hard to figure out the exact valuation of stocks is but in long term, bulls win over inflation. liz: that's what warren buffett said, it's not american business and way to capture that is the s&p what you do in the end, we look at what the market has ahead. are you optimistic? how about that? >> well, i'm not really optimistic and i am a little worried about the common and long run. the stock market is all the end. 1966 till 1982. february of 66 special teams till august of '82 and the stock market went from 1,000 was the week in '66 in february and went down to 777 just before reagan's tax cuts took effect in august of 1982. that's 16.5 years, liz, where the stock market fell by 23%. i mean, that's a pretty big drop but then if you add into that

the troubling of the price level, the stock market actually in real terms in august of 82 was at 235 and that's a 76.5% drop in 16.5 years, that's an 8% compound decline in the stock market over bear market and those periods do occur and the policies we've had now with joe biden and what i expect to go forward, if there's no major change in politics and economic policies, i don't see anything that will really turn this market arranged and make it a good bull market for any lengths of time. i just don't see it, liz. >> art, you know your numbers and with those numbers, that's why you have to cost average in. if you will put a monthly flow during the collective rate periods and cost average that when the all time high happens in the s&p, there's a great afternoon cost. if you try and time it long term if you're an investor and not a trader, you're not going to be able to do that. i think with all of those draw downs that you just mentioned, if you stayed the course even

2007, 2008 and the worst financial crisis i've ever seen within three years we're at all time high thereafter. liz: art, 25-yearlong chart of s&p and looks exactly as you said. we've got it bouncing around and then it starts to take off around 2008. great to see you. great to see you very much. is that 8, 2008? or '98? i was alive for both. >> going back to '82, you'll see it really take off for the long term. it was just -- but then again we had reagan, you had some really great policies. >> i loved it back in the day. >> policies really do matter. liz: morning in america. good to see you art and scott. >> thank you. liz: election day 2024 now less than a year away and meta's mark zuckerberg is suddenly worried not about election interference on social media, but about artificial intelligence's impact on political ads. gary v was an early investor in

facebook and a whole bunch of other companies and now he's elbow deep in ai. investor and influencer gary v. is here next exclusively. one thing for sure, ai has been a big investment as of late and artificial intelligence etf and ticker symbol irbo has spiked 26% over the last year. clayclaman countdown is coming t back. the dow down about 83 points. ♪ switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every

sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your business to the next stage when you switch to shopify. get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined.

with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia.

municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk.

call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. liz: voters face the question of what to believe on social media. meta is thinking about if too .

the facebook parent announce ago new policy aimed at curbing election misinformation. meta had a great year and up another third of a percent. on january 1, advertisers on facebook and instagram will be required to disclose when ai or other digital meths have been used to -- methods used to create, alter images or manipulate voices in election related advertisements. under meta's new policy, when users click on ads labels cassioppi no, ma'aming the use of -- acknowledging the use of ai appears on user's screens. how effective is this going to be in stopping fakery design to trick voters. gary v. was an early expert in facebook, twitter, and tumblr. they say they'll put a stamp on the fakery, like a label or water mark. is that enough to pull back this massive tide that we saw in the last election cycle of

misinformation? >> it's a super challenging question, because i think the reality is that humans are incredibly passionate on not being accountable. liz: well, couldn't be more right about that. let's talk about the fact that people choose even when they know if they're fake, 99% of politicians that go on any platform are talking about things they don't actually execute on anyway. parents and humans and this policy is bigger than this election. i think the timing is right, i think people's emotions get high on election, but the reality is ai's a powerful technology that's coming, and i think this is a pretty smart strategic move by meta. liz: well, look, race cars are very powerful, cars are very powerful, but there are regulations when it cops to them. >> of course. liz: speed limits, et cetera. meta is also saying that anybody who wants to do political ads cannot use meta's ai platform

that they have out there for other avenues. >> they're saying you need to disclose it. liz: that's true. saying you need to disclose it but barring their politicaltizers from using new ai generative products. >> they're not ready nor anybody anyway. it's super early and i think they're being thoughtful. look, everyone they know, we all know this, they take the brunt of people's anger about bigger issues than them. that's what happens to this platform, that's what happens to any media, social or traditional. they're just trying to be smart about it. the fact they're rolling out their product slowly to begin with and because they choose to let the earliest users be people who sell soap and hats instead of politics is smart coms. liz: yeah, google already unveiled something kind of similar they're not only labeling but have a similar ai labeling policy but they'll block political keywords from

certain advertisements. they don't want to be at the forefront of that anger but often very fair accusations that they did nothing to stop so much misinformation. >> look, a couple things. one, i promise you the googles and metas of the world are not guilty as scared of regulation but scared about pnl. liz: losses? >> that's right. the stock prices you just mentioned. they welcome if the government wants to get their act together to give them clear regulation. they welcome it. liz: i think they give lip service to it, but i think they -- >> here's good news. you'll love this. they're not in charge. liz: well, section 230. >> but meaning they're not in charge of policies is going to be made or not. they can lobly like everything other thing in the world, food, tobacco, but they're worried about getting canceled by cmos that don't put dollars into their platform. they're businesses, and i think they're making business decisions. liz: let's talk about ai

overall. you are using it more than you're investing in it right now, is that a fair assessment? >> yeah, you were asking me before we went on. am i investing, look, i've seen web 1, i've seen web 2 and 3. i'm looking at ai startups every day as an investor. i just think there's a million of them right now and they're all valued very expensive because we're in ai hype. so i'm just trying to be a little thoughtful because i tend not to like to lose money when i invest so i'm letting it settle a bit and see who are the good operate torrs and rather pay higher valuation and see traction. look, this is one of the biggest technologies in the history of mankind. every single person watching this who right now hates ai, they will all use it. liz: i want our viewers to know something about you because i did a great podcast, an everyone talks to liz podcast episode and i learn sod much about you. this is like two years ago and i encourage you to go and download it. you immigrated from belarus, very poor growing up. you traded baseball cards, you

had -- you actually created a chain of lemonade stands. you were always that entrepreneurial spirit. >> yes. liz: you now are incredibly successful. >> yep. liz: you want to buy the new york jet s? >> i do. liz: it's not for sale. >> no, which is good because i don't have the money yet. i mean, look, i think the reality -- first of all, we came here very poor. my father lived the american dream and came here with $100 and went from being a stock boy to owning a liqueur store and we went from poverty or very little to a really good lifestyle. i think i join that had business, i helped explode it through innovation. i launched an ecommerce wine business for my father in 1997. liz: wow. >> people weren't selling wine on the internet in '97. i did a wipe show three months after youtube came out that explode that had business. i was an early investor in facebook and twitter and i am good at being in trenches of what consumers are doing and looking at the sweater my mom made, that's my prized possession right there.

we didn't have enough money -- we probably had enough money, but my mom wouldn't spend money on buying me a jets jersey so she nitted me one. liz: that's amazing. >> a lot of people follow me on social media and do this and take the 5. the no. 5 is the jersey and every time i take a photo, i give a head nod to my mom because i appreciate the way my mom and dad raised me. a lot of stuff about meta this or politicians that. i think we have a crisis in the world not only america and it's called modern parenting. i think i'm the great beneficiary of a parent and parents that found the middle. if we're talking politics instead of red or blue, they're found purple. i believe most parents are extreme blue or extreme red. we have to start leaning into account the and not pointing fingers and lean into optimism. my mom told me i want to buy the new york jets and can with a

nice guys finish first mentality. you don't have to step on people to get to the top. there's a civil way to have discourse and aright way to do business and i have a feeling actually all this tension we're feel asking the precursor for us going back to old school rules, things like my dad taught me like your word is bond and i'm excited about where the future is going, believe it or not. liz: gary, i could not agree with you more. this country, we want to see both sides working together. >> of course. liz: wonderful. >> this is the greatest country in the world. i understand everything has challenges. whoever you love the most in the world, you have challenges with them. there's always challenges, but don't get the macro mixed up, people. liz: do you still love aaron rodger s? >> of course i love aaron rodgers, he's a jet. i love every jet. liz: great to see you. gary v, gary vaynerchuk, an original. israel is tightening the noose at this hour around terror group a mas in gaza. we're going to get the latest on the war in gaza and how the

commander in chief is protecting american soldiers now operating in the theater of war. by the way, the i shares aerospace ticker ita up 9% over the last month. these stocks have been in the forefront of supplying israel with the weaponry it needs to get those hostages back. we're coming right back. ♪

the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas-

a brilliant reality! the ink business premier card from chase for business. make more of what's yours. she runs and plays like a puppy again. his #2s are perfect! he's a brand new dog, all in less than a year. when people switch their dog's food from kibble to the farmer's dog, they often say that it feels like magic. but there's no magic involved. (dog bark) it's simply fresh meat and vegetables, with all the nutrients dogs need— instead of dried pellets.

just food made for the health of dogs. delivered in packs portioned for your dog. it's amazing what real food can do. ♪ (upbeat music) ♪ ( ♪ ) woah. ( ♪ ) ( ♪ ) ( ♪ ) ( ♪ ) constant contact delivers the marketing tools

your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. ( ♪ ) we're in the security business... our job is to help people feel safe. not only our customers but those who matter most to them. just like our company does for us. we have great benefits from principal. so i know i'm taken care of. and (pause) not just me. but the ones who matter most to me. ( ♪ ) liz: we've got this alert. if you look at s&p 500, yes,

it's up only one point but no matter where it closes, if it's even in a tiny bit of green, that means the longest winning streak in two years continues for the s&p. nasdaq right now, down 6 points. we shall see. it could be nine in a row, don't know but at the moment we're not seeing that. all right, look at roblox. roblox continuing to build on a solid month. the stock is up more than 23% in november. look at the gain today. 12.8% at this hour after video game platform for creators boasted better than expected bookings in the third quarter and roblox boosted a huge boost in active daily user and 70.2 million to be exact. that's a gain of 20% year over year. roblox firing on all sillen darling stones there. robinhood missing the target at this hour and on its way to largest percentage decrease in a year and down 14.5% and trading

platform missed on revenue in the first qua qua quarter and da bank cut them and robinhood at $8.36 at the moment. spirit aerosystem stock nose diving 7% in today's trading and off the lows of the session right now. the stock is suffering after the company announced a $200 million stock offering in an effort to raise money and boost the balance sheet. the problem is investors see that as die luting outstanding shares and spirit is a major supplier of aircraft parts like wings, but suffered quality problems that led to production delays for its customers, the jet manufacturers boeing and air bus and investors are in no mood to think positively about spirit. israel has now confirmed it is allowing small pauses in its fighting against hamas. latest count has more than 80

humanitarian aid trucks entering gaza in just the last 24 hours. israel says it is forces are now at the heart of gaza city where they're targeting hamas infrastructure and its leaders. in the last two hours, white house national security council coordinator john kirby confirmed 500-600 americans are still in gaza right now and could take more than one humanitarian pause to get them out safely and not the only threat americans are facing in the region. now the number of attacks on u.s. military personnel since comoctober 17th has risen to 409 edward lawrence is live at the white house. what's the strategy the biden administration is taking right now because these numbers are only getting worse? reporter: yeah, liz, i was in that briefing earlier today and ended about an hour ago or so. yeah, the white house is basically saying the message is don't. that's what they're sticking with. president joe biden reportedly is asking israel for a three-day pause in its activities in order to get hostages out.

israeli prime minister pushing back but publicly saying he'd consider an hour here or there, which has happened to get hostages out. nst spokesperson john kirby kin firmed intense pressure for a pause saying almost every conversation mentions the benefit of a humanitarian pause. >> what we're talking about here is temporary fix in time, short duration. hours todays, depends on the need. and also localized in terms of the map. it would be in agreement for a set period of time on -- in thid coordinates, there would be a pause in the fighting. reporter: the administration also still warning those iranian proxies don't, like we said. when attacks u.s. targets in the middle east, 40 attacks have happened since october 17th by those proxies. 46 americans sustained injuries, one died in a heart attack. senator shelly moore capito said everything is connected.

>> when we see what happened in israel, i think we need to turn inward here and look to tighten the border up and make sure that these folks coming in from the terrorist countries, terrorist harboring countries should be turned right back around and not put into this country. reporter: on another note, liz, i want to talk about china here. two sources from the familiar invitation said president xi jinping of china will be at a dinner and quest of honor at a dinner next week in apec including major ceos of the united states and major business leaders from the united states. now, the message from the chinese is going to be that china is open for business right now because what china is seeing is they see current investment in the u.s. has already -- in china that's taken place but future u.s. investment, they're seeing that divided now between india and vietnam and other places so the chinese president, the chinese getting concerned about the growth of future investment so his message is going to be that china is open

for business. back to you. liz: okay, edward, thank you very.. edward lawrence. you guys, we have an update. you came through. yesterday during this hour, we were $14,14,000 short of our $100,000 fundraising goal for building homes for heros, it's the charity i work with to build mortgage-free customized homes for the worst wounded veterans and loyal and generous claman countdown viewers kicked into action and look where we are now. not only did we hit our target of $100 grand, we blasted through the ceiling and it's not too late. we're at $117, 469. but each home costs more than that. you still want to make a donation, i hope you do, thank you to all of you who did. go to buildinghomesforheros.org and click on the donate now button. you guys are the best. thank you, thank you so much. from american heros to disney's super heros, the mouse house hoping the actor strike will end

soon so it can get the marvel characters back in front of the camera and make the company money. widely followed media guru is here live next with his view on disney earnings after the bell and he's going to weigh in on the disaster of the day. warner bros discovery. ♪ (vo) while you may not be running an architectural firm,

tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. my money should work as hard as i do. that's why i used my freedom unlimited card every time i get gas. [laughing]

get a little slack on pump three! earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq,

a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. israel is under attack and jewish families are in danger. israel's enemies seek our destruction. the people of israel need immediate help. rockets have us squarely in the crosshairs. our people are targets in their own homes. many have lost everything and fear for their lives. the international fellowship of christians and jews has launched an urgent response to rescue those affected by this violent attack. our teams are on the ground across israel delivering lifesaving aid. your urgently needed gift of only $45 will help rush food, water, medicine and emergency supplies for jewish families that have nowhere to turn. time is literally running out. what we need you to do is to act now.

liz: shares of warner bros discovery melting down to session lows right now with about 18 minutes left to trade. wbd at very bottom of s&p 500 right now as investors scatter in the wake of entertainment and media company's lackluster earning ands stock getting hammered down 18.3%. wall street was anticipating the barbie boost and actually, barbie did bring in $1.5 billion, the most successful warner bros movie of all time, but the company still posted a wider than expected loss. david zaslav trumped $111 million in streaming profits for max and warned of more head winds going into 20244 including actor stride and sluggish add revenue. those results sed an ominous stage for disney, set to report after the bell today with a big emphasis on mouse housebreaking out espn financials as a largely stand alone segment in the report.

i want to bring in media guru and light shed adventures partner rich greenfield. rich, let's just tackle warner bros discovery right now. what was in this report that was so bad the stock is down 18+ percent? >> i mean, liz, it's really the fundamentals of linear television business. this has -- david zaslav and team at warner bros discovery have done a pretty amazing job cutting costs and restoring profitability to hbo and direct to consumer segment, the service that you probably know as max, used to be hbo max but now it's just max. that's not what investors are reacting to. they're reacting to the fact that as you said in the intro to the segment, th the ad market is weak and cord cutting is happening and turner, the discovery channels and what is the big cash flow-producing piece of warner bros discovery

is required and it is open and honest and this morning we're facing a generational disruption and that sort of fear is what's out there and it's not that they're doing anything wrong and it's the fact that the industry is under tremendous pressure. obviously we're going to see what disney says, but bob iger has been pretty open and honest too. he wants to sell abc and their linear cable net works or spin them off because he doesn't know how to fix them either. this is not -- i don't think there's anything you heard today that's warner bro specific. there's a lot of leverage, leverage isn't coming down and that's absolutely yours truly stock is getting beaten up today is that taxpayers levered equity with these sort of fundamental challenges, but i don't care whether you're paramount, whether you're amcx, everybody is facing these issues.

look, i think in many ways it makes your parent company look smarter in fox in that they're not trying to do direct to consumer. they're literally really sticking to the broadcast business and sort of minimal cable network portfolio, and the big question i think everyone should be thinking about who's watching this right now is it's not obvious that consolidation would really help any of these companies because the problems are cable networks, they're going the wrong direction and putting more cable networks together, you can cut costs but can't fix the revenue, the top line is hard to grow. liz: rich, you said that warner bros discovery was being very honest. does your research show that they're truly being honest about their streaming revenues in streaming profitability? which say said came in at $111 million for max. no one else but netflix when it comes to the streaming world is profitable right now. how are they doing that? and i ask that because they get

about 1% of television viewing time over at max. are they combining hbo, cable, and satellite subs with max streaming putting all together to kind of give it that profitability boost? >> absolutely. i mean, that's absolutely what they're looking at. no different than stars would. no different than what stars does and now show time is being thrown in with paramount+ so, you know, there is no doubt that while more of the subscribers -- in you look at hbo just to give you ballpark numbers, there's probably around 47ish million subscribers. to max i would guess that roughly 16 million of those are coming from the legacy multichannel bundle so two-thirds are not coming from, you know, from the cable bundle but, liz, a lot of them are coming from amazon and amazon is sort of a wholesale life relationship when you talk about amazon channels so this whole

word direct to consumers, a little merky and everyone is starting to look towards more and more wholesale. look at disney; right? disney and charter, huge battle just a few weeks ago if you remember. liz: exactly, yes. >> the end result, but the end result is that disney+ is going to be part of charter cable packages so your new york city viewers who have spectrum are going to get disney+ as part of their cable bundle. is that direct to consumer anymore, liz? liz: well, that is another question too. then you bring out district to consume -- direct to consumer sports streaming. what do you need to hear from bob iger? it's 13 memberships away from -- 13 minutes away from the top of the hour, disney reports its numbers for the quarter. obviously we showed the longer term chart, it's not been a pretty picture. what do you need to hear before you say that's one of my picks? >> look, i think very much like what you're hearing out of wbd, you know, is this fear of the linear tv business is under a tremendous amount of pressure. sports costs keep going up as

you know, liz. i think people are trying to understand, investors are trying to understand why does disney believe that direct to consumer sports will ever be a good business? i can understand why sports couldn't be part of a larger entertainment service whether we're talking peacock or paramount+ and, heck, i think netflix is starting to sprinkle in sport withs the netflix cup, a golf tournament later this month, but a stand alone sports streaming service, does it actually work? i think investors want to understand why does disney, why does iger believe in this or should they really be focusing on harvesting cash out of their sports business the way fox is doing and not trying to build a direct to consumer business. i think that's the battleground you're going to see with investors. does a direct to consumer sports strategy actually hold water. liz: what do you like, rich? >> well, obviously there's a lot to be worried about in this sector, liz, but if you're

looking for two stocks to buy right now, i think, you know, previously we've said on air with you we were huge fans of spotify. i think that name is one that you need to continue to own. i think the story is getting better, management has religion on delivering margin improvement. i think investors are starting to believe the growth story and the free cash flow growth story over the next few years and wouldn't count out snap chat. it's starting to move higher and i think they're starting to replicate much earlier and small earl level of what meta did in the early part of this year. meta more than doubled this year on improving ad targeting and getting religion over cost cutting. if you look at what snap chat is beginning to do, keep your eye on this name. it's still a name i think over the next six months can be a $20 stock. liz: rich greenfield, he's got to run and get ready for disney earnings. thank you so much. we appreciate it. >> thanks. liz: we are coming right back with charlie gasparino. ♪ you can't buy great conversations

or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. he hits his mark —center stage—and is crushed by a baby grand piano. you're replacing me? customize and save with liberty bibberty. he doesn't even have a mustache. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ unnecessary action hero! ♪ -missing punches? -unnecessary! -check reversals?

-unnecessary! -time sheet corrections? -unnecessary! -unentered sick time? -unnecessary! -go! -unnecessary! -go! -unnecessary! -when you can take this phone, you'll be ready. -make the unnecessary, unnecessary. let your employees do their own payroll. . .

and electric transportation. the future is in battery metals. ion energy is a driving force poised to support asia's booming battery metals supply chain. ion energy. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything.

(♪♪) my plaque psoriasis was so bad... i couldn't get my hair done. my psoriasis was all over. then my joints started hurting, found out it was psoriatic arthritis. who knew they could be connected? for me, cosentyx works on both. 5 years and counting. did you know people with psoriasis on the scalp have a 4 times higher risk of developing psoriatic arthritis, which if left untreated can lead to permanent joint damage? cosentyx works on all of this and helps stop further joint damage. talk to your doctor. find something that works for you. serious allergic reactions. severe skin reactions that look like eczema and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. cosentyx.

still workin' for me. ♪see me♪ find relief that can last. ask your dermatologist about cosentyx. ♪. liz: wall street's push to fight anti-semitism that has been raging lately on university campuses is picking up major momentum. charlie gasparino with major information. >> this is the anti-defamation

league. liz: anti-hate. >> it has been accused being more woke than it was in the past and a lot of wall street guys were worried especially jewish people on wall street were worried that the adl would not step up to the plate to fight anti-semitism particularly at these colleges that train the next generation of business leaders and lawyers. from what i understand, there has been pressure. major wall street executives have been meeting with the adl leadership. liz: jonathan greenblatt. >> several met with mr. greenblatt recently and i is doing what he needs to be done. adl is fighting it at campuses see it in public statements and letters written to major universities. with that as a backdrop i tried to dive what is going on with

upenn and a mark owens essentially to ouster the two top people, scott bach the chairman of the board of trustees and liz mcgill who is the president. from what i understand it is kind of status quote there right now. there is no vote that would determine the future of the board of e penn just yet. but the pressure is building. from what i understand hundreds of letters to week come into rowan expressing his gratitude and his support for his efforts to out of those two. the, there is a building momentum on the university because they're getting tons of support from benefactors saying get rid of these guys now. liz: i believe some of their kids testified before congress today. >> not only that, student groups are stepping up, the opposite of the pro hate student groups saying destroy israel the opposite happened. student groups are going to the leadership and saying, you know

what is up with you guys? so the, from what i understand rowan is out of the country. so he is not personally involved in this right now. he is doing business in asia or something along those lines but from what i understand the pressure is building on them and we'll see where it ends up. i can't tell you that they're going to step down. i can tell you that there is so much pressure on them to step down, if you saw something a vote in the next week, don't be surprised because it is starting to reach a critical mass, even though you don't read about it as much. part of the critical mass is the adl stepping up to the plate. liz: cooperman, leon cooperman -- >> on your show. liz: amazing, amazing work. >> i focused right there on upenn, as you know it is more than that. liz: columbia, stanford, harvard, big time. thank you very much, charlie gasparino. most investors are told to think long term when it comes to

investing but our "countdown closer" is has his eye on ultrashort term when it comes to an asset class. we have david kudla. ultrashort term, not ultrashort. which asset class. >> specifically talking about bonds and it has made the most sense this year. we've heard a lot of people talk about a lot of investors and analysts talking about buying duration. that worked last week as rates came down. for most the year the long bonds have been hurt. the place to be is on the shortest end of the curve, whether corporates treasurys, high yield, whatever instrument, debt instrument to be on the shortest end of the curve and just look for that yield that has been so profitable compared to intermediate, long-term bonds that suffered this year. liz: we have a whole bunch of short-term bond etfs on the screen. this is the way to play it, if you want to get into it, david

says. so you're looking at rates which are wiggling around today. they were lower and slightly off the lows for the 10-year, the two-year, you're saying go very short term, one month, six months up to what, one year? >> that's right. short, one, three, six, maybe up to two year but to keep durations short for now. we have a saying within our investment committee is we want to buy the big ones and lend to the small ones and that means we want to be buying megacap stocks, specifically megacap tech stocks. we're staying with those into year-end and we want to be lending to small cap companies but not own the stocks. [closing bell rings] liz: gotcha. those yields are all above 5% for the short-term treasury bonds. david, good to see you, thank you so much. here we go a mixed picture. looks like the s&p and the nasdaq continue -- ♪. larry: hello, folks, welcome to "kudlow," i'm larr