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tv   The Claman Countdown  FOX Business  December 1, 2023 3:00pm-4:00pm EST

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congress is, like, 9%. and for the president it's like something record low. but here's the point, you really have to embrace life and control what you can. on that note, a new survey finds religious charities also losing trust, falling behind veterans, nonprofit hospitals, gen-z marley less likely to have any -- particularly less likely to have any high trust in religion or ore things like that. folks, it's time to sit back and look around. life is short, embrace it. know one thing, that when it's all said and done, you're going to probably regret the things that you could have made yourself happier. drink some eggnog, have a great weekend, but first, here's liz claman. liz: i like that -- like that. i to hot chocolate with everything -- charles: i knew you had something special with the whipped cream from france, i know, i know. [laughter] liz: paris. texas. charles, props to the students at spelman college, right? if who wrestled more out of
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federal reserve chief jay powell about inflation than most fed press conferences do. and you can see the response in the markets right now. how hay moved on what the students -- they moved on what the students squeezed out of the central banker. you can see green on the screen and, by the way, for the dow we are seeing a gain of 284 points. want to just mention salesforce once again the leader, hitting a fresh near 2-year gain with a gain of, as we see it right now, crm, it was 8% earlier, now up about 33.6%, this on top of yesterday's 9.5% surge. the price action in not just the dow, but look at the s&p which right now is up 26 points, and then you flip if it over to the nasdaq, we've got the nasdaq better by 71 points or half a percent. currently posting that point gain is uniform across the major indices. all of them pretty much show that move off the floor around a # 1:30 a.m. eastern when the students at historically black
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liberal arts college for women got to question the fed chair about inflation and, more importantly perhaps, when the central bank will say good-bye to interest rate hikes and hello to rate cuts. >> inflation is still running well above target, but it's moving in the right direction. we don't need to be in a rush now. having moved, you know, quickly and forcefully, we're getting what we wanted to get. liz: okay. so what happens? bond yields immediately started falling to multi-month if lows after powell appeared to ease off the gas pedal. the 10-year which yesterday closes at 4.35% now down nearly 10 basis points to 4.23%. and you can see the 2-year yield at a its lowest point since june. here we are at 44.57 -- 4.572%, down 11 basis points. so inflation may be slowing, but the price of at least one bran new item on the market is higher than most had expected. after years of anticipation,
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tesla's ceo elon musk, maybe you can see him getting out of that cyber truck at the the big delivery event, finally revealed that the price tag of the futuristic cyber truck turns out to be 50% higher than initially anticipated. the truck, which musk showed withstanding a hail of bullets and -- [laughter] yeah. somebody shoot a bunch of bullets at this thing, and will start add $60,9990, will go all the way up to $99,900. back in 2019 musk had quoted the price at a $40,000. but don't worry, even the cheapest model can protect you from bullets or a steelhead arrow aimed right at it. tesla shares dropped to $231 this morning, right now they've climbed up off that floor. we're still down about half a percent, but we're at $238.74. if elon musk may have bigger problems at his other company than joe rogan firing a
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steel-tipped arrow right there. the world's largest retailer announcing this afternoon it is going to join the more than 150 advertisers who pulled their ads from the musk-owned social media platte if form after musk -- platform after musk retweeted an anti-semitic conspiracy theory. on wednesday musk apologized for that calling that retweet one of the most foolish things he has ever done. he then followed that with using the f-bomb to attack advertisers who had pulled their ads. right now we've got walmart down about 1.3%, but walmart says, you know what? if we can find better platforms that reach our customer. remarket, i guess -- free market, i guess. speaking of the attackses, the bulls are on the offensive, so let's talk december investing with capital management if president and cio stephen the check. stephen, the bulls just got through a stellar november. what do you see in play that can either perhaps best that performance or maybe fall short of it? >> well, they certainly have a
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lot of momentum in the market with the s&p rising something like 9% in november. often times we get a santa claus rally, so we can keep our fingers crossed for such a rally again this year. liz: yeah. so if you looked at these 1-month charts, you can see every single one of the major indices rose more than 8 percent. i mean, the nasdaq, obviously, was the big winner here, up 10.7% in november. if dow jones industrial thes up 8.8 percent for last month, up 8.9% for the s&p. russell no slouch, up about 8.8%. so if you are an investor who has a portfolio of stocks that's pretty diversified, do you leave it like that for the next month or two, or are there things that you should be witching around right now -- switching around right now after such a stellar performance? >> well, we should remind viewers that just only about a month and a half ago in october everyone was feeling pretty down, and the sentiment indexes were kind of down and yet there's the market turning around, and we have the results that you just mentioned in
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november. but investors always must think much longer term than, say, over the next month or two. few you're got a good, diversified portfolio of stocks, i wouldn't be making changes right now. liz you know, people can get so distracted by the macro headlines, everything from what's going if op in the middle east -- and, by the way, we're going to take people live there in just a minute because there is breaking news. but you look at all of the noise coming from the oil market which continues to drop even as we see all kinds of production cuts added to what's happening over at opec++ because brazil is now joining opec. and then you look at a other opportunities where technology continues to have a real pulse, does it not? so what do you like right now as you position yourself for 2024? >> well, i think oil prices are probably harder to predict than interest rates even, aren't they? [laughter] it's, oh, again, i would always be looking out longer term than what's going on in these short-term fluctuations both in interest rates and oil.
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liz, as you know, our largest holding for a long time has been berkshire hathaway, up 15% this year when the market's up 20%, and it represents, i think, very good value right here. you can't go much -- that the has to be one of your core holdings, i think, for anyone, diversified investor. liz: the b shares are $356, but the a shares are -- 541,000 per share. and before people's eyes start to glaze over, that's because the stock has never split since 1968 when berkshire hathaway went public. obviously, this is a poignant week because charlie munger, warren buffett's longtime best friend and partner, died. he passed away at the aim of 99. age of 99. but when you look at the conglomerate that berkshire has become, could you parse out certain areas? because it is so broad. could you parse out certain areas that you think will really continue to drive the cash position and, hence, that huge
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stock portfolio that involves apple and american express and coca-cola and so many more names? >> well, charlie's going to be sorely missed. i mean, he was just such an entertainer and an investor. we'll see what the annual meeting's like without charlie. he's -- but anyway. but as far as berkshire hathaway, the core of their business has been their insurance companies for a long time. that's really the engine, and the engine is really firing now after not firing so great over the last couple of years. so if we continue to have the underwriting profits that we have and $160 billion of insurance load to invest, it's a really nice story. as far as the overall stock portfolio guess, you know, that's made up almost half of handle -- apple's stock, and and so there might be some concern that apple's stock might be fully priced and so, you know, if it comes back down a bit, it's going to certainly affect berkshire's overall book value. but again, thinking long term, we're very comfortable with the overall valuation and really just the overall setup, of course, of berkshire hathaway.
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liz: let's not -- yeah, i do not want to ignore what happened just a few hours ago in atlanta, georgia, at spelman college when students there were able to question, you know, fed chair jay powell about rates, and they were very smart questions. i mean, they really came through, and they wrestled from him what he said was, you know what? there's no rush. he meant either to raise rates again, that would be for the 12th time, or to drop rates, to cut rates which is what the market is depend depending on if you look at the january fed funds futures where they're praying and hoping that we will see rates come down just a bit. it was interesting to me because we got ism manufacturing data today, and this was an interesting opportunity to look at what's going on once again. the actual here came in higher than the -- actually, slightly lower, 46.7. so there was, still contracting here. and that plays into the leave rates alone or start cutting them.
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what do you anticipate, and would you expect that we start to see an upside move in the markets once the first cuts in? >> well, look, you plaid it -- played it out earlier. 10-year yields that were just 5% a month and a half ago, i would expect interest rates -- i would expect the fed not to cut, just to kind of pause for a bit. but i think the next move probably would be down versus up, that's for sure. liz: yeah. down versus up. i suppose you could figure that as we look at the gdp if number though that just came in at 5.2%, that looks pretty healthy. are you ruling out entirely another rate hike just to keep inflation in check? because we are still not at the 2% level. we're at 3% for inflation at the moment. >> well, as you know, it's not our business to really try to predict if what the fed's going to do, but my feeling would be that we will not have a rate hike. i think inflation has come down the way the fed would like to have seen it come down, and
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everyone's surprised just how well the economy has performed in spice of the very large rise in -- in spite of the very large rise in interest rates over the last couple of years. so this is really the best of all worlds that we're getting. liz liz that's what fed chair powell said. what we have been doing is working. a lot of people don't think so but, steven, it is lovely to see you. thank you so much for joining us on the floor show. the one, the only. if. >> thank you, liz. liz: you got it. you guys are going to be blown away by this. a silicon valley start-up is using artificial if intelligence in what it calls a care pod if to provide inexpensive health care that includes previously pricey full-body scans. insurance policy premiums? forget about it. maybe. the founder and ceo of the disrupting company forward is about to take us inside the care pod. that's next. health insurance stocks, we can take a look today. lincoln national, metlife,
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liz: take a look at cigna shares. they are trading up about 2.8% as its potential deal with humana if could get spoiled by a new suitor. according to reports, a humana corporate jet -- of course, humana is a health insurance company -- flew into rogers, arkansas, last night. that's less than 10 is miles away from walmart's headquarters as speculation grows that walmart might enter and start a bidding war to buy the health
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insurer. cigna dropped 8% on wednesday. when "the wall street journal" first reported the potential cash and stock deal. if the merger between the two massive insurers were to go through, it would be a massive shake-up for the health care sector. this as health insurance premiums we all pay continue to go in one direction, up. maybe a complete disruption of the insurance company will come from this: let us show you something that is not a scene from "star wars", it's what's called a care pod made by the med tech company forward. you step inside and artificial if intelligence then scans your vital as and even helps you draw blood for a.i. to examine it, assess it all for a price way lower than most current insurance premiums. in a fox business exclusive, forward founder and ceo adrian -- is here to invite us inside the care pod. adrian, we'll get to the price in a moment because that's what i hear all our viewers saying, how much does this cost. but what the care pod is,
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describe it, what it does and how it works to give people, i guess, this full-body workup? >> yeah. so you know what? let's start with, like, why. so a bunch of years ago somebody in my family had a heart attack, and i was sitting in his exam room -- [no audio] liz: okay, we, by accident, took the wrong shot here. let us look at a exactly what we're doing. guys? okay. sorry. i'm so sorry, adrian. a little moment where the hamster fell off, but go on. [laughter] >> yeah, right. so i asked myself in the year 2023, likeing how are we living in a world where doctors are using post-it notes. i was working at google, and i was, like, where's the a.i. in health care? what i realized is that health care still lives in a world of what you can think think of as a service-based world. we love doctors and nurses, but you're never going to apply all the a.i., so we started saying, well, how much can we shift into
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manager more of a software and hardware-based world. can't do everything told, but you can do a lot. we created this thing called the care pod. it's awesome. it's super futuristic. you walk up to it, you unlock it with your phone, go inside and there's a bunch of different apps. if you choose body scan, it'll spin you in a circle, take your readings, explain them to you, help you get treatment. maybe you choose heart health, it e opens a tray, hands you a sensor. again, explains the results, helps you get treatments whether it's a prescription, a plan, etc. so we started by saying if we really reimagined health care in the year 2023, what would it look like. and this is what it looked like. liz: yeah. it looks a little more futuristic than that. i can hear people saying, wait, at what point do i see a doctor? what if a.i. makes a mistake? can you just make that connection for us? >> yeah. so, look, you are totally right, a.i. is not at a level of prime time. if you don't want the a.i.
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touching the consumers directly, what we do is every single thing that occurs in our system runs through doctors. just think of it as the there's kind of behind the scenes making sure everything's running smoothly, giverring you your prescriptions, diagnoses. elon didn't say i'm going to put autopilot out, good luck. i'm going to put it out, but there's a driver there keeping an eye on the system making sure nothing bad is happening, and for us, it's the exact same thing. in fact, you can even chat with those doctors, video with them whenever you want. our doctors are always there for you because sometimes health care isn't so impersonal that you want the tech. sometimes it's a little struggle, and you do want to get in touch with that -- liz: adrian, year weeking at some of your investors -- we're looking at some of your investors, eric schmidt, peter thiel, they believe in you. now, i can only imagine how health insurers feel. the care bod, $99 -- care pod, $99 a month. it's a subscription. you to do the math, $1200 a year
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compared to, you know, i said let's look at what the average premiums are looking at right now. health care premium withs on the rise, obviously, they always seem to be. kn -- kff employer health benefits did a survey, and employees, these are people who have employers who shoulder some of the cost, employees have to pay about $6,577 annually on average. that is up nearly 8% from last year. i mean, your option for relatively healthy people looks pretty smart. >> i mean, and actually let me go even further. the less healthier you are, maybe the smarter it looks because you're engaging those services more and more and more. so when you have something like a technology-based product where engaging the product more doesn't cost us more so we done charge you more, all of a sudden you realize that maybe if you've got a chronic illness, if you're diabetic, things like that, it might make even more sense. so what you're finding is we've
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created a world that's based on health care as a service. it's one of the only industries where the costs are going up and up and up every e identify. but we take -- every year. we take advantage is of the classic moore's law. the more that we can shift things to technology, the more we can lower the cost and democratize for everybody. liz: you just raised another $100 million for the company. what are you going to spend it on? will it go to manufacturing more of these care pods? how many do you anticipate building out in the next year, and how much does each one cost to manufacture? >> yeah. so you're completely correct and exactly where it's going. we want the deliver health care to billions and billions of people. that's our mission, that's why we started the company. we're starting by rolling out these care pods in the u.s. in malls and office buildings, and we're going to keep expanding from there. we'll start there, but one day they'll be in airports, sports stadiums, everywhere all across the board. the nice thing about hardware, you've seen this story play out whether it's the iphone, whether it's teslas, you've seen the story play out. you start slow, maybe we launch
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25, or then 50, 100, 200, 400, 800, 1600, 3200. in the history of humanity, nobody's ever said they're going to launch 3200 doctors' offices. just presume we're going to put more health care on this planet than the world's ever seen. it'll be all around us, almost like at tms. liz: aide a ran, before you go and we're running out of time, how much does each one cost to manufacture? >> we don't share our numbers, but what i'll say is it's less than you think. [laughter] liz: okay. i thought i'd wrestle that from you. we find this very fascinating. i do too. my dad was a your logical surgeon, and he used to go to malls back in the '70s and '80s and do prostate clinics. this almost feel like the next evolution of this. >> you're trying to honor your dad. liz: thank you. he would have loved it. thank you so much. good luck. the mideast ceasefire, unfortunately, has collapsed. israel has resumed its offensive
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against hamas saying the terror group violated the truce by firing toward israeli territory. we're going to get you a live update from the ground as hundreds of hostages remain in the hands of the terrorists. and and what about the fate of those two babies now known as the reds? with the red hair. their fate is still unknown. but we are going to get you, hopefully, the latest on ariel and kafir when fox news' nate foy joins us live from israel after the break. ♪ ♪ this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done.
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liz: it is shortly before 10:30 p.m. in the middle east. fighting has resumed in gaza after israel's truce with a hamas to exchange hostages expired. qatar, a consulting country in the hostage negotiations, says the fighting will further complicate mediation efforts as a hopes still remain that a deal could be reached to release all the women hostages still held by hamas. today we did learn of four hostages including a mom of four and an 85-year-old man, all of whom perished. this as concerns will -- swirl for the family which includes the youngest hostage, a 10-month-old and his 4-year-old brother. hamas claimed the kids, known as the reds now because of their red hair, and their mother were killed in an idf airstrike, but
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there are questions can at this hour about whether that is true. let's take it live to nate foy in northern israel. nate, let's begin with that, and then i'm sure the broader discussion is, is that it for the ceasefire? >> reporter: so starting with the boys, liz, they play into why this ceasefire ended. we don't exactly know what's going on with them right now because israel is looking into some reports that have come out by hamas -- which we can't trust two children who are known to be in gaza. and at least 15 women are also there, and hamas' inability or unwillingness to send those hostages back is why this ceasefire ended according to the idf and war is certainly back here not only in gaza, israel and even here on the northern if front in lebanon with the idf
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striking 2000 hamas -- can 20000 hamas targets within -- 200 hamas targets and hamas firing at southern and central israel. and here on the northern front, hezbollah terrorists are also getting involved, firing two launches across the border. but once again, israel's iron dome was up to the task, and we actually captured that on video. take a look at this. [background sounds] >> reporter: so after this, liz, for about an hour we heard constant shelling going across the border from israel into lebanon. take a look at this next video, israeli jets also struck a terrorist cell in lebanon very close to where we are. these evacuated villages, people
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will not come back here, liz, until the idf significantly improves the security situation here. i want to show you the moment from this morning when it was clear this temporary ceasefire was over. here you're looking at explosions in gaza. i mentioned 200 sites hit today including in the southern portion of the gaza strip as thics df dropped reef lets -- idf dropped leaflets warning palestinians to move to evacuation zones. you can see in this video many of them did not, and the cost the property and human life is certainly severe. 130 hostages, israeli hostages, remain in hamas captivity, and we just learned that 5 hostages were killed. we don't know exactly when, but the idf has announced the deaths of 5 hostages who were kidnapped on october 7. th. and now -- 7th. and now, liz, the goal for israel is to eradicate hamas as
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they push deeper and deeper into gaza. and back out here live, you mentioned i it at the top, qatar, egypt and the united states are all working to secure a new agreement to have another pause in the fighting. but if today is any indication, it doesn't appear that that's close. we'll send it back to you. liz: i'll tell you, going back to the bibas children known as the reds, obviously, there the has been so much concern. they are, as you said, the last two children, two babies, really. and what about this belief or this report and who even knows if it can be reliable that they were somehow handed off to a separate hamas terrorist cell? >> reporter: so there are multiple terrorist groups within gaza, and there are reports that the bibas children, again, 4 years old and so months old, were -- 10 months old, were handed off to a different terrorist group, and hamas, according to israel, is still responsible because hamas is
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responsible for october 7th and whatever happens after that, hamas rules over gaza. so israel tasked hamas with finding the bibas boys and bringing them back as part of the agreement to con the ceasefire which didn't happen -- continue the ceasefire which didn't happen, which is part of the reason you see the sights that we saw today. liz: i can't stand it. it's so horrible. nate, thank you. excellent report. to you and the crew, we appreciate it. much appreciated, thank you. we got this fox business alert, investor are turning off their dell laptops after the company missed on revenue. the company reported $22.3 billion in sales versus the $22.9 billion estimated. so is a miss there is sending the stock down about 4%. and in related news, that's sending chip makers lore. intel is dropping about a 2% after dell reported the representation of 19% of intel's net revenue. that, of course, dates back to
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2022, most recent what we have. the checking of fallout of or marvelle and micron also lower fractionally, a although for my micron, we've got marvelle down 5%. disney's early holiday give to investors not having the intended effect. for the first time since 2020, the entertainment giant announced it is reinstating its dividend which it ended during the pandemic. disney will pay out a cash dividend of 30 cents a share for the second half of fiscal 20223, payable on january 10th to shareholders of record on december 11th. so if you want that dividend, you've got to buy the tock in the next so day -- the stock in the next 10 days. disney shares though flat to slightly lower. also of note, disney is rejecting nelson peltz's request to be added to the board. pelts pushing disney to reinstate the dividend. he obviously succeeded there the but, for now, not getting a seat on the board.
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ulta beauty jumping at this hour, gaining about 10.7% after the company beat on the top and bottom line. for the third quarter. the specialty beauty retailer said shoppers appear to be very willing to spend on fragrant -- fragrances and skin care which was evidenced by healthy traffic at its stores and web site. ulta's beautiful news coming as we kick off the christmas countdown, and hanukkah's even closer. the ceo of sock giant bombas is here with his perfect stocking stuffers but also how does the he see the holiday shopping season playing out? and speaking of shopping, supermodel el kathy ireland started her retail empire early, at # 11 years old. kathy knew she wanted to be in the business world. she got a paper route in her california town but just 5 years later was discovered by a modeling agent. she ended up on the cover of "sports illustrated"'s swim suit is issue more than just about any other model.
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but she remained determined to eventually shift her career from bikinis to boardrooms. by 1993 she took the first step to spinning her modeling fame into a wildly successful business empire. that began with selling stocks through kohl's and kmart. can you believe it? today kathy ireland worldwide does more than half a billion in sales from furniture to clothing, to insurance policy, and she's added business bible "forbes" to her cover model collection. kathy's my guest on my brand new everyone talks to liz podcast episode. you can hear it on apple, google, spotify, iheart radio or wherever you get your podcast. give us a follow. we are coming right back. look at a the dow, up 271 points. ♪ (adventurous music) ♪
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(fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. liz: with just a 25 days until christmas and less than one week from hanukkah, you are looking
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live at the crowds kicking off a december by hitting the stores along sixth avenue. that, of course, is the christmas tree on the fox corner, absolutely beautiful. lots of crowds. finish and and as they go out there, they are hopefully crossing out items op their gift list. but let's talk about that because according to the national retail federation, the holiday shopping season -- which they define as november 1st-december 30th -- they do expect sales to shoot up 3-4% this year. some retail analysts though are concerned about inventories and high discounts and believe that that could cause, perhaps, lackluster results. but even with black friday and cyber monday smashing records, one company is smashing all records. it's fast becoming known as the stocking stuff ther maker, right? -- stuff orer maker, and think stock thing as many stocks. they are hoping to see major demand. they have reached a $1 billion
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level in lifetime sales. joining me now in a fox business exclusive is the ceo and cofounder behind the sock and apparel brand bombas. okay, who among us hasn't gotten bomb bass socks? they are amazing. it's great to have you. david heath, thank you so much for being here. >> yeah, great to be here. liz: you know, when your participants get you socks -- parents get you sock, people are, like, that's not what i wanted -- >> it used to be. we hope that we're changing that unfortunate narrative around our industry. liz: that socks are just the death knell of -- yeah, like the lump of coal but not anymore because we've got some of them here. >> yeah. liz: tell me about the sales of your socks right now. what are you seeing that gives you an indication of the health of the consumer? >> yeah. i mean, this last year has been a little volatile, ail over the place. we've seen some month well over double-digit year-over-year growth, some months, high single-digit year over year growth. specifically in the holiday
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season, we -- and i think a lot of the pure branding that we talk to -- saw slower starts to the holiday season especially if you weren't otherly promotional. we really only offer bundies count a year during black friday and cyber monday and one additional push -- will. liz: okay, what did your black friday and cyber monday traffic look like? >> yeah. we saw record volume over black friday, cyber monday. certainly the best 4-day period of this holiday season and definitely up pretty significantly year-over-year from last year. liz: when you reached $1 billion in lifetime sales, what was that like? if because i remember when you launched, because damon john is, one of the sharks, is a friend of this show, and i've known him for two decades. and he dove in and says to date yours was the best pick he's ever made. >> yeah. i mean, we're, i believe we're technically at $1.35 billion -- will. liz: well, correct me. [laughter] good. [laughter] >> >> just -- in just over ten
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years of being in business. it's a milestone that, you know, i don't think i ever could have imagined. you know, we joke around and say, like, when we first started this business, we had an internal bet, promise that i would get a tattoo of our logo if we ever donated a million pair of socks, and we ended up doing that 2 years later, and so years later we've -- 10 years later we've donated 100 million items to people in need. all of these numbers far outsize anything beyond my wildest dreams. liz: you know, your business model, as you say, is based on the gift of giving. so is it still every pair -- >> every item. liz: okay, every item. >> for socks, understood wear and t-shirts -- underwear, we donate an item to someone in need. liz: i've heard the siriusxm commercials that you've been doing -- [laughter] >> ringing in your ear. liz: you really have been an inspiration to entrepreneur. how did you start this company?
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>> yeah. i, it's funny, these ideas if your with an entrepreneur, i think, come in the most likely scenarios. i happen to have been soling onbook -- psychologicalling on facebook back in february 2010, and i came across a post from the salvation army saying socks are the most requested items at homeless shelters. liz: what were you doing at the time? >> another start-up, i was at a media company. i always knew eventually i wanted to be a entrepreneur, but i wanted to, you know, i think like damon, you wand to -- want to wait until you find the right partner to ultimately go forward with it. so i worked on a number of different ideas, different businesses, different business plans. sure, you know, i definitely didn't think this was going to be the one that was going to talk me to where i am today. but i think it is because the mission was so profound, and it was so meaningful to me. and then i think really that resonated with the consumer as well in combination with delivering such an exceptionally high quality product which, again, i think a lot of the
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consumers that we're specifically talking to have never if really experienced before. liz: well, you've obviously expanded. you now do finishes shirts and women's thopgs -- >> men's and women's underwear. liz: are you coming out with a men's thong? if i already know the answer to that -- [laughter] probably a no. >> probably a no. liz: the logical progression would be to launch an ip o. >> i think like a lot of our peer brands, it was something we were certainly considering a few years ago when the market was incredibly hot and incredibly receptive the brands like ours. for better or worse, i think we missed the window. i think it's probably for better given kind of, you know, certainly the public's performance of some of those stocks regardless of if the companies have done well or not. i think generally speaking like a lot of the market, it's all a come down. it's certainly nice the kind of weather that storm privately instead of publicly -- liz: but you're not ruling it out.
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>> not ruling it out, and i wouldn't say it's certainly the thing that we are, you know, laserrer focused on. i think we've always felt like we're very op por tunistic, and we will look at the opportunity if and when it presents itself. yeah. liz: and if and when it does present itself, you're going to be sitting right back here talking to us and our viewers. >> you bet. liz: dave, good luck to you. >> thank you so much. liz: and by the way, i just this morning without online the leopard ones, the leopard four-pack which t it's on discount for the moment like 5%. >> oh, we always have pack discounts. liz: pack discounts. >> yeah, they're year round, but specific promotional discounts we only do during the holidays, so get 'em while you can. liz: thank you very much. >> thank you so much. liz: david heath of bompas. is ted lasso joining forces with the dutton family? it's a surprising world streaming breakthrough. apple +, the stream ther of the morning show and ted lasso, may be teaming up with paramount+
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and yellowstone. we'll goat you a live report on -- get you a live report on the possibility of this new streaming tie-up. netflix up nearly 60 president year to date -- 60%. today it's down about 1.5%. we are coming right back. we've got the dow up 275, the s&p charging higher by about half a percent or 23 points. ♪ ♪ 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. salonpas, makers of powerful pain relief patches
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liz: well, it's not often you see a 10% gain for paramount, but this is a big move at the moment. paramount charging higher on a report from "the wall street journal" it's in talks with app toll bundle streaming services and lure new subscribers from competitors and the streamers are in discussion to offer a combo of paramount+ and apple tv+ that would cost less than subscribing to the services separately. uh oh, talk of a bundle here. get to ashley webster with more on the entertainment shakeup -- possible shakeup. it's not confirmed yet; right? >> it's not. when you're not profitable, in turn you're forced to raise fees and leading to customer defection and it's a doom loop
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and streaming plat for the purposes are increasingly looking to team up with their rivals to try and make the economics work, liz. in october, both apple tv and paramount+ had a customer defection rate or churn as it's called of more than 7%, higher than the industry average of 5.7%, both app and will paramount raised prices this year. according to "the wall street journal," the average cost of watching a major ad-free streaming service has gone up by 25% in the past year or so. providers like app and will paramount believe the customers will pay up or switch to cheaper and more lucrative ad supported plans. these two services combining makes sense. paramount library gives apple service a boost and exposure to the movie service industry and paramount's overheads will be reduced and exactly what the bundle will offer and for how much? it is unclear. talks are still in the early stages, but it will reportedly
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come at a discount. the race to re-bundle already underway though, liz. netflix and max being bundled together as part of a deal with verizon and nbc universal pea streaming with instacart and accessing ads for free and ad-supported version of paramount+ available at no cost to wal-mart customer program. it is where we are today. the theory goes that offering multiple services as part of one package decreases the likelihood that subscribers will cancel on any given month. something a combined apple and paramount bundle is certainly counting on, liz. it's not a done deal, but it does make -- it's not a big surprise they're talking. bundling and combining, it may be the future of streaming services if they want to be profitable at all. larliz yeah, and if you all wano be profitable, why do i have to keep entering my passwords for
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each different streamer. i'm so done with that. bundle away, everybody. >> amen. liz: thanks, ashley, very much. we're watching paramount. this is a pretty serious gain here of about 9.8% at the moment. well, from yellowstone to the yellow medal gold hitting a record high today. right now it stands at $2,090 a troy ounce. it has climbed 10% over the past two months and countdown closer says, you know what, got to recommend an etf that's a precious medal play and cio michael lanceburg. we haven't had a chance to pay a lot of attention to gold prices but, wow, to see where they are now compared to where they had been. it feels like a meltup, doesn't it, mike snell >> a little bit. i think what's happened is it's a stealth bull market. it's not up siting and doesn't go up 8, 10% like a paramount in a gay and grinds higher and doer
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and gold hasn't been inflation play as much as dis-inflakes play and that's why -- disinflation play and we started looking at it because we thought inflation was under control. liz: that seems counter factual and we've always looked at gold as inflation hedge, but inflation is continuing to come down. can you just explain why in that atmosphere we're seeing gold rise. >> well, i think part of it is the slower growth environment. i think we're entering an environment, i think we've had 14 in a row isms that have been contraction natural rights approach and we're in a slowing growth environment and gold has a tendency to do well in the environment. liz: you like united healthcare, r&j gallagher and beverages and why those names? some are obviously consumer orient asked then united healthcare is an insurer. >> yeah, part of it is, liz, trying to find a name that hasn't moved up so much. obviously we like some of the bigger tack and some other things but it's tough to come on and say, let's buy something
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that's up 200% already. we're trying to find things that hasn't had the big moves. unh one out of every five americans is using their product. great dividend and earnings growth and we like 25 story. monster is a interesting story. great distribution network and at all the coca-cola locations and those are areas we like that haven't had the big moves already and you're not having a stock double or more than that in this calendar year. liz: michael, good to see you and we appreciate your perspective, 286 points for the dow, that indeed is a nice move. welcome to december, monday. early sign and it's here to discuss what he witnessed firsthand -- larry: hello, folks. welcome to kudlow, i'm larry kudlow. red states trump blue states, ron desantis trumped gavin newsom, and host sean hannity did a super terrific heck of

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