back from vietnam and i had so much resentment toward him. a couple months before he passed away he told me he had been out a couple times on tour and his friends were killed both times and i don't think people understand the depths of this. i only have ten seconds. tell us how people can get involved, let us know right now. >> we need financial help. we operate -- ww w.trailofpurpose. the best way to get involved and donate to us. charles: it is a wonderful thing you are doing, thank you both. heading over to liz claman for the last hour of training this week. liz: a bunch of business stars,

we will introduce you to all of them. a day after the nasdaq surrendered it has covered up those losses and more. the nasdaq up 252 points, one. 8%. investors woke up on the risk on side of the bed across the board and you see it as we kick off the final hour of trading. wall street turned into a giant eraser to blank out yesterday's losses. put in a 2 day chart, and by one. 3% this is very much a tech lead rally. look at the leaders here. the top of the leadership board, that is a health imaging company. every other name going 8 more down, chip or chip related stocks. k la heading a 52-week high, 530 and $0.96.

and microchip is in there. it's amazing to see risk on for the chips. after a 220 drop yesterday the dow is killing it up 312 points propelled by the blue chip tech name and they include intel, a chipmaker, microsoft seeing a gain of 2.4% and we have cat, apple and salesforce following but if you head south to the lower part of it, the big winner yesterday, giving back not all but some of the 7% in gains it saw and that would be disney, down 2 and 3 quarters of one%, hit by the announcement the company will delay the release of the deadpool sequel and couple other films as it shuffles its studio schedule posts actors strike which is now thankfully over.

overall, the bulls have enough strength to bring the majors into the green for the week. everything except the russell 2000 is up on the weekend the rest. down with the nasdaq up to and 1/4 in the s&p, up 1% and the dow is looking at half of 1%. we can't ignore what happened in bondland yesterday. the bond prices dove. the 10 year yield which closed wednesday at 4. 5%, zoomed up to close yesterday, 4.63%. right now at 4.64%. the entire thing gun higher. the result of the treasury department auction, $24 billion worth of 30 year bonds triggered this asthmatic move, it was called profoundly ugly and the total lack of demand was terrifying. what is the message both bond

and stock investors should read from this? joining us now two veterans. sergeant guilfoyle and wealth management ceo dryden pens, and every day, you don't speak in superlatives about bond market options. what did you distill from the absent demand and does it matter to equity investors? >> it does. i am having a hard time trusting, market internals are not great, the indices are flying. we have a lot of negatives, university -- consumer confidence is on the wane, inflation rising. demand for credit is weekending. 200 largest advertisers have come back significantly over the last month.

what you might be seeing is a squeeze and that is how i play it. for equities the bond market is the door, we are the tail. i am setting up for a start the next week. liz: marine and army, you are army. before we get to dryden, come on. army or marine, you got to pick him. >> i was a marine. i joined the marine corps out of high school and when 9/11 came around i tried to rejoin, the marine corps turned me down because of my age but the army has greater manpower. their age requirements were looser so i went to the new york army national guard and put my name on a piece of paper. >> you are goldstar investor. tell us what you make of the

bond world, actually, that is the tale that is wagging the dog. >> there's a lot of overreaction. at this moment the panic around interest rates, the panic, the adjustments are over. now we are in this moment where 50 basis point move, just what the fed makes next, the last gasp of this outsize reaction to this. liz: what do you invest? >> we invest in 493. the magnificent seven for the first part -- liz: 493, you don't need to go with big tech guys that brought the market up. >> people understand the cost of capital, every one is beating earnings, brought earnings estimates down.

they are very imaginative. american business has the ability to make money and if they know the cost of capital, the earnings continue to rise and do well and continue to beat we are very constructive. liz: 80% of the s&p is beat on earnings-per-share but 60% on revenue. what matters more when picking the stock? >> what matters more depends how much the stock is. if it is a stock, it is 4. if it is a stock that is youthful or young in its development you want to see sales growth more than profitability. some cash burn for a couple years. it depends on the stock. liz: what stocks do you like? you are fastidious when you watch the levels, you're

disciplined about selling your losers and that certain points your winners. >> i am buying eli lilly. come saturday tomorrow, they are dropping ozempic, they will show if it can double as a diabetes or weight loss drug but heart disease. if they get good news saturday, they will show me good news on monday. i beefed up on your show, it did not add weakness significantly. on the other side of the coin, i am shorting netflix, there's something of a space involved and i took some profits today in nvidia and service. liz: interesting plays.

you still like amazon which i find interesting because when some companies did well in the holiday season others, apple, have said basically we will be flat year over year. >> they are how people do a lot of shopping. some retail is down but the increase in online shopping is continuing, people will continue to use amazon to execute whatever shopping they do, that's increased so we are constructive on amazon. liz: we were talking during the commercial break and i thanked you for your service and use edify thank me on the air for my service i would like to thank you for happen. >> i want to thank you and all of the american people for paying their taxes. you save soldiers lives. my daughter has a dad. a humvee. thank you.

this is such an important message. liz: people complain all the time about paying taxes but the government doesn't use it the perfect way that we wanted to but you are doing it. it doesn't matter. >> thank you so much and i want to thank the american people, you purchase body armor that saves american soldiers lives. liz: stop complaining about taxes. is that a good reason to do it? >> of course. 4 one, i am sure the colonel will agree when people thanked me for my service, i say sure, graciously but it embarrasses me a little. i didn't do it to be thanked. i did it because i love this country and i did it because i love americans whether they agree with me or disagree with me which, we are so polarized in this society, we are about

to move past that. when i was younger we thought poorly of guys -- when elections are all around but in between elections we didn't even talk politics. we got so far from where we are right now. liz: couldn't agree more. we are so grateful to both of you. sarge got his nickname serving as an actual sergeant in the marine -- thank you. three meritorious service medals. thank you. by the way. we've got something called the camo because. forks -- fox corporation is partnered with americans who serve, calling our veterans day campaign make camo your cause, the goal is to eradicate veteran homelessness. get your phone out, hold it up right there and it will take you, honor.

usvets.org/forward. it is on the screen. take a picture of it. i will virtue this. make camo your cause this veterans day. a new wwe united states champion is crowned. logan paul hosting the golden belt last saturday after winning his first us championship title. stuart varney asked the multimillionaire wrestler the big question. >> tell us your latest risk investment, you won't tell me, will you? >> i don't know. maybe space x. liz: we love logan paul. use the payment processor shift for ceo jared isaakman is here

as commander of space x's inspiration 4 back in 2,020 one, also investing in elon musk's space company in more ways than one. his plan to get the rocket company into space, tourism, actual people just going up. space x is still private but space etfs are moving slightly higher. "the claman countdown" is coming right back. look at this again on the dow, 332 points. not a game! we're talking about cashbacking. we're talking about... we're not talking about practice? no... cashbacking. word. we're talking about cashbacking. cashbacking. cashbacking. cashback like a pro with chase freedom unlimited. how do you cashback?

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liz: logan paul telling us that he's investing in space x. is not the only one, billionaire entrepreneur jared

isaacman, found around ceo of shift 4 is moonlighting as a space x astronaut, currently undergoing commercial astronaut training the for his turn as commander of the polaris don mission. space x's first spaceflight with private citizens on board. get a payload of this. i did that because i thought it was neat, get it? get a load of this. the team will attempt the first space walk using nongovernment astronauts. joining the now is jared isaacman. will you be the one walking? >> dragon doesn't have an airlock. the entire vehicle will be in vacuum. all four of us will be doing the spacewalk. liz: will you get out and do the macarena to get a? >> we have to do a lot of tests, space x pioneered a new

spacesuit, the first one in 40 years so we have to go out and do a dance to make sure the suit has the right flexibility. liz: the moonwalk, not the macarena. are practicing that. this is exciting, isn't it? when you think about this opportunity, when is the date of this flight? >> we been training for two years, looking at april 1st come a totally exciting, not only the first commercial spacewalk but the farthest anyone has gone from the earth since last time we went to the moon. liz: you will be conducting experiments. >> five days of research. liz: this is exciting. this experience does not come cheaply and to get to the point, self-made billionaire, you found that a company at 16

years old called united -- payment processing. tell me about the business. it is publicly traded. you have a banker, gross revenue up 23%, profits up 34%. >> it has been a heck of a journey from basement days, we touch 1/4 of a trillion a year in payments. our payment technology is a third of restaurants and hotels, most in sports and entertainment venues. we power commerce through great experiences and we had a great quarter. we set records. liz: your competitors are not the paypals of the world, who do you look at as your peers? >> we are taking a lot of share in hotels. more links in the value chain. they are not good tech companies.

and restaurant a lot of good competitors, sports and entertainment venues, don't have a good rival. everything from ordering a burger and beer to the ticketing, the concession stands, no one has those links. liz: you recently were talking about fintech, you belong in that sector but there's a little pessimism. feels like short-sellers are pounding down on you and everybody else in the region. the market has not been kinda to us, those rooting for our success but later, we are actively exploring strategic opportunities to reduce distractions to serve our company. going private at some point? >> 24 years in business, this will be our fourth year as a public company, playing in the big leagues to be a public company on the stock exchange

but i will say it has been a really turbulent time and some of our peers have let some people down and those are unique stories relative to those companies but i get it, the whole sector has got to go but you should not be caught up in that with the performance. it doesn't mean we are not listening for opportunities. liz: have you heard someone calling? >> for several quarters there has been interest and we had a great run this past week, last week we were trading 7 times next year's he but the when -- double digits. liz: that is to your point, too many shorts don't understand what you are doing, when you see such an unbelievable quarter doing so well making so much money, what are you going to do? >> everything we were saying we

were going to do. liz: you are still -- you acquired a tel aviv company. all that's going on in israel, a big startup nation but are you concerned, some companies, 10% of their employees are in active service. >> 10%, is really based employees have been called up to the reserve but it's a heartbreaking time. we check in with of them every day but on a more positive note, for 24 years, it has grown entirely in the united states and for the first time we can take everything to europe and other parts of the world. we are lucky to have them. liz: i cannot wait to this moment, i hope you will come back before then. hope we will see you in the whole spacesuit.

the flurry of entertainment earnings, not really investors. charlie gasparino on the one deal brewing in the sector that could be of paramount importance. 37 minutes before the closing bell rings, the dow continues to blast to higher levels, the level up 347 points but the s&p is now through 4400 and trading at 4409. (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.

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liz: look at crude oil for the week. it is up 2% but oil investors, try not to get too gigged up here. we are on track for the third loss, third weekly drop in a row, down 13% over the past three weeks. as we look at the dow jones industrials we are in session highs, the s&p even higher above 4400. nearly 2% to 13,785. intraday high on pace for a third record close this week, it must finish above $363.20 for microsoft, but there are certainly a number of companies being left in the cold today. no energy here, nearly in half

down 42% after warning it could run out of money, hydrogen fuel cell maker struggles to stay afloat without raising additional cash setback by delays and expected government support for potential clarity of hydrogen tax credits. when you have to wait on the government you are in trouble, shares on track for the lowest close in 2020. in 2,020 one, shares had been above $60. they are at $3.44. a lose/lose situation, shedding 5. 8% after beating analyst expectations. they secured a deal with the las vegas unions just hours before the strike deadline. investor sentiment it by disappointing earnings, details about restructuring tied to operations and stock is on track for its biggest decline since october of last year.

the trade desk traded in by investors, shares of the digital market firm trade desk falling by 16.6% after issuing week guidance. the ad outfit says it is seeing cautiousness among advertisers in the auto and entertainment recently experienced labor strikes. speaking of strikes, no strike for sag actor, they did finally reach a deal ending the 118 day hollywood actors strike. a new deal may be brewing behind the scenes as the industry races to get back in action. to charlie gasparino with the scoop. charles: day chart, can we put that up, that is the key here. it might be breaking even soon. lauren: down two pennies. charles: what i just tweeted out essentially is paramount,

everybody, every investment bank or median investor says paramount is for sale and will be on the auction block. why is that? market at $7 billion the smallest player. this company was a huge company and now it is done. basically having a hard time in streaming wars, rich greenfield has a whole sector gone but let's be clear, the weakest entrants, weakest members go first. when i was in print journalism before i went to cnbc absent a place called newsweek, it was a big operation but the newsmagazines were the weakest of all players in print and the first to go. liz: for a dollar. it is a vibrant website. 100 million daily active users.

charles: people working at home. this is a big operation. a world-class news organization. paramount is in that position so who is going to do that? at warner discovery has a lot on its plate, the same issues getting streaming in order and bringing a merger together. he had john vallone made comments that could be a thought in the biden administration's reluctance to approve merger deals particularly in the media space, consolidation of thought enough you companies. didn't say paramount but a lot of people think that if he wants to add an easy one, you

add 20%, warner discovery has 23 million. several times the size and two times bigger but has some issues as well but those are the names people are talking about, you conceived comcast market doing well, cable on the side. liz: you've got the competition of the two. charles: it is still -- we will see. it is up to the biden administration. if they think this company is in trouble can we go back and get a longer term chart? this will give you an idea how much trouble paramount had. look at that. 5 year would be even worse. liz: let's keep watching it.

i am sure the administration doesn't want lost jobs on their shoulders. charles: they are worried about it. liz: the world's biggest asset manager wants to create an etf that holds ethereum's ether. we will ask about what this means for the future of a bitcoin etf. now bitcoin, who knows what is next? we have heard of rudy's, right? the iconic film that became an instant classic emblematic of how underdog could win, the true story from illinois, dreamed about playing football for the fighting irish. he pulled that off. the movie celebrating its 30th anniversary, my brand-new episode, welcome is the real

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spiked, over 10% since two days ago. bitcoin got a boost, it is very powerful and one of the 12 applicants waiting on the sbc to approve a spot bitcoin etf. here is top investor anthony pompliano. thank you for your service. ethereum, and here comes larry think, black rock saying the as we wait for that spot to be approved we are going in on either. what do you think of this? >> when you are a contrarian, the contrarian becomes a consensus but, for years we've seen investors go and bet on assets outside legacy financial system and we see black rock

and other organizations, to play this game as well. when they incorporate these assets into investment offerings, we see that become consensus, and prices will go up. liz: is there interest in ether? >> people underestimate, remaining the king of the market. many of these assets will be much bigger, tens of trillions of dollars across the crypto market. liz: the sec has been immovable with etf and there have been a bunch of names circling and waiting. do you parse to yourself who might get the first approval? you see fidelity, wisdom tree, not just grayscale, i want to see your face. who's going to get the nod

first? >> i don't lie away at night thinking of that because there's billions of dollars at stake. we don't need regulators playing kingmaker. it's not the uk, saying you are the winner or you are the winner, let the free market decide to approve all of them and markets will decide where they flow. liz: all 12 of them -- >> it' s a pretty interesting way to absolve them of having to make the decision. that the market go there, it's a fair game. whoever is the winner you can point and say the market decided this is where it flows so it resolved a lot of potential. liz: i don't know why, i say that because i don't know, black rock is great at what it does.

let's talk about bitcoin. every time there is news of that possibility. we are at 37,000, 209, rallied up 129%. jpmorgan analysts say it is overdone but their bosses game, jamie dimon, has never left it. >> they are looking at short-term volatility. i love the volatility. i want more volatility. volatility for a long time leads to outside opportunity. if you want asymmetry which has been in the market and there is no volatility, no out performance in these assets. bitcoin allows investors to out locate capital to put billions of dollars into. that is what we have seen. this has compounded at 10% a year for over a decade.

in the last three month 88% of all bitcoin circulation has not. in the last year 70% of bitcoin has not moved. 3% with monetary policy next year and this thing is going to fly like it did in 22. liz: thank, great to see you. pomp isn't just a warrior in the crypto trenches. he served as a sergeant in the u.s. army infantry. where is that picture taken? >> in iraq. liz: thank you for are you and your comrades have done. we appreciate it. tomorrow is veterans day. "the claman countdown" got an early start monday when we made the trip to the stock exchange to honor wounded veterans from all over the country. hundreds gathered at the stock exchange for the building comes for heroes gala. and organization close to my heart. to my team claimant countdown

who were all there in support, take the shot full, forget me, don't need to see you this. we had a great time and we raised a lot of money. mortgage free homes are customized for the worst wounded soldiers and their injuries and right now, latest check, you have donated 127,$604. this is you, you viewers have done it and i appreciate it, thank you so much. military families marching the machinations on capitol hill as a government shutdown will mean service without pay. funding to keep the government open will expire next friday at 11:fifty nine:fifty nine p.m. 9:00 pm eastern. david sachs is not a politician but he can venture an opinion on how the us should be paying its bills.

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away and we are session highs. s&p better by 68, nasdaq up 279, the nasdaq having its best day since may. today's major rally is pushing the stocks for the week into the green, the second week in a row and here we go again. congress has until next friday at midnight to passé funding measure. no limited house speaker mike johnson facing numerous setbacks after house republicans canceled vote on two funding bills, today is awash with congress out of session for veterans day. i want to bring in someone who has been vocal about government overspending and budgeting and here's why you should listen. he does not work on capitol hill. he's an extremely successful businessman turned angel investor, self-made, paypal founding coo and partner and

cohost david sachs is joining me. we are seven days away and the clock is ticking. if you had congress's year, what would you say? >> i think the cr is going to pass. the holdouts in the house are debating abortion language which is not a winning issue for the republicans as we just saw. of the cr is going to pass. my advice republicans would be we controlled spending, would be to utilize a provision tucked away in the debt ceiling increase of the federal government doesn't agree on a new budget by january 1st, will be one% across-the-board cut in federal spending. i like that idea better. stand tough, don't approve the new budget, allow it to take

place and start to train the federal government to live within its means and cut spending. if they agree on a budget, what's going to happen is the budget will be bigger, they will increase spending because they have only one direction and it is up. liz: keep spending. something has got to give. the federal reserve is 11 interest rates in. we know what we are headed for down the road. let's bring it to individual states and municipalities. i bring up san francisco. that's your area and region. you own buildings there and so much of the disaster san francisco has become has to do with local government and they don't look at businesses as partners. what is the problem? we see more real estate that is worth much less.

>> san francisco is an extreme version of what is happening across the country with commercial real estate. we have 30% vacancy across office spaces, san francisco has never come back from covid and work from home. as result of that, you are seeing huge shortfalls in property taxes, business taxes and so forth so the city over the next few years has huge shortfalls in its budget and i do think the way the city needs to think is in terms of seeing businesses here as partners and helping make them successful as opposed to seeing them as a problem. over the last few years all we have seen in the city of san francisco is more taxes, more transfer taxes, more difficult entitlements processed, they have done nothing but stand in the way of this and they've done things like a shortfall of the number of police officers, they made it hard for the

police to do their job and they spend a lot of money on funding basically what they call harm reduction programs which are subsidies for drug addicts living on the streets. it is a real mess. liz: there is always a bottom and you see nibbles on the sides. we hear anecdotal evidence that a lot of ai startups are trying to get office space in san francisco on the cheap. you have ventures the just announced $1.3 billion for craft ventures for growth funds, that will benefit from the success with ai. give us detail on where you see the real opportunity. >> we are all in on software, specifically business software. ai gives us tremendous opportunity. you see an explosion in a number of startups, to create new products, to change user

experiences, to make operations more efficient. i integrate copilots, the cuban workers more productive. almost like the ai in the ironman suit to make it more productive. we see huge opportunities around ai. it's a fantastic time to be a software investor and we just announced 1.3 million in new funds to pursue this. liz: congratulations. during an interesting time when people are not inclined to open their wallets these days. i would be remiss if i didn't mention you are a stanford graduate and stanford has been one of the many campuses that have leadership that finds itself unable to speak out against anti-semitism. at stanford there was a lecturer who pointed out jewish students and had them separated in a class.

where do you stand on being a graduate and what you really wish these schools would do? >> i am in favor of free speech and against can sell culture. studentsd have a right to protest as long as they do it peacefully in a nonviolent or nonthreatening way. the problem here is 4 years, top schools like stanford suppressed free speech, basically allowed conservative speakers to be shouted down. they have not been impartial on the question of free speech. now that you have this issue come along and a lot of alumni are up in arms what is happening on campus these universities are trying to wrap themselves in the cloak of academic freedom they haven't earned that right. putting their thumb on the scale of free speech in favor of the positions they like for years now and they are in a quandary, they can't say we support free speech and so

alumni are taking the position that if you allow protesters to say these outrageous things it must be because you support them. that's the position on free speech. only allowed the positions they agree with. that is why universities are having a tough time. less: we ? >> i'm not a donor, i don't not. but they don't need my money. they've got a huge endowment and less possession of a weapon lar. liz: better places to put it. a big rale throw end the week. monday is a draper associate founder tim draper, big bitcoin founder and he's here exclusively on monday. larry: hello, folks. welcome to kudlow. i'm larry kudlow.