americans was 60,000. take a look at the gap now, 52,000 to 108,000. that's more than 100% difference. by the way, the average american needs 4% of their paycheck to $4 # 11% of their paycheck to own a house these days. despite all of these things, president biden is still passionate about a paying off loan for college grads. they make up 39% of the population, and they hold 73% of the wealth. which brings me to the fact that all, all of these programs, all these things that are done in the nail of the middle class and the pool, all of this cash, it always finds its way back into two things, the stock market and the pockets of the ultra that-wealthy. so be careful out there. leave the stock market alone and work with on some other things. i'm superstitious, liz claman. liz: you are in. charles: yeah. liz: i will walk under lad aers. [laughter] ladders. charles: i hear ya. liz: black cats, bring it on.

[laughter] thank you, charles. just stick with me. breaking news, we've got eruptions of all kinds as we kick off the final hour of said on this tuesday. this is a live picture on your left and a live picture on your right. on the right we've got the dow erupt aring to its fifth intraday report in a row. coinciding with an epic eruption of iceland's sol day i know which last night began spewing 300-foot-high fountains of boiling lava, first time in about a decade. so far no injuries with, but swarms of some 100 everett earthquakes per hour are forcing those who haven't already evacuated to seek safer ground. wall street's doing the opposite. to the dow heat map, we're looking at a dow in the green about, i'd say, two-thirds of the dow, maybe even more led by walgreens boots alliance, caterpillar, intel, goldman sachs and chevron. the blue chips and the nasdaq put on a fiery spectacle, both

on track for their ninth up day in a row. the nasdaq right now moving higher by 76 # 6 points. it is led by a 6 plus percent gain in lumina and close to a -- 4% pop in moderna. here's the nasdaq composite, up half a percent at 14,900 and change, moderna up 4%, pfizer up 3.6%. moderna is not the only mover in the covid vaccine maker space. look at pfizer shares. and anybody who's held pfizer's stock lately is really hoping to see some gains, and they are. a 3.5% gain. both of these names getting some lift after the world health organization classified a new strain of the coronavirus as a, quote, variant of interest, but the w.h.o. stressed the current advantage seen will protect against -- vaccine will protect against severe symptoms and death. to the s&p which missed out on a win yesterday, but right now with a 221-point gain --

21-point gain, that makes today the 8thth out of 9 sessions in the green. and oh, and p.s., the s&p is less than let's call it about 35 points away from its all-time record close of 4796 made back on january 3rd of 2022. can't ignore the russell. it is erupting. see, i'm going with the volcano know thing here. it's erupting by 35 points, biggest percentage gainer, up 11.7%. that's a 20-month high. and we've got to mention fedex, quarterly earnings delivery arrives after the bell. shares of the package service have had a banner year, gaining about a 62%. barclays optimistic ahead of it. in fact, ahead of the reveal it's hiking its price target from $300 to 330. right now shares at $2811 and change. and optimism around meta, you can't ignore that one. shares pushing to a fresh 52-week high of $350.63, that's

a gain of 11.7%. -- 1.7%. investors who bought at the start of the year are looking at a 193% windfall. so the bulls are partying across many areas of the spectrum of investment, but with apologies to the wizards of waverly place, everything might not be what it seems. so says ed fran if chess coe, warning not to get stampeded by the bandwagon jump ors. carnivore trading's dutch masters is crunching the fundamentals, and he says conditions are excellent for the bull to continue to move bard. dutch, i'll start with that. what conditions extend this rally and for how long? if. >> well, we love the fact that we're no longer fighting the fed, and we love the fact that, you know, the vix is down, gold is stable, oil is stable, down in the 70s. you know, we were waiting to see the indexes kind of punch through to some new 52-week

highs. the s&p did it for us, the nasdaq did it for us, rain if now we're -- the russell's playing which was the last thing that we were looking for. so the fact that we're not fighting the fed and really october 3 # # #st, november 1 1st, liz, was -- everything changed just with like we thought that we wanted to see. and, boy, i'll tell you what, it's been a heck of a november and december so far. liz: the 20 2010-year, 3.9 2%, oil is above $73 in the aftermarket today. you know, that thing moveses around a lot, 73.44 that's what i'm looking at for light sweet crude. but if p ed, you take into account what dutch has just said is, what is it that you feel might not be what it seems when it comes to this record rally at least with the dow? >> well, liz, or we still have so much uncertainty in the world. you know, is inflation dead? has that dragon been slain?

i don't know. nobody knows. everybody's expecting, you got some pundits calling for six or seven rate cuts from the fed next year. that's possible, but i doubt highly that a we're going to see. that will we see a rate cut by the spring? maybe. but we might not. so much is baked into the fed. we're going to go back to zero interest rates tomorrow. and that might just not happen. you know, 2022 # apparently hasn't happened, right? we're back to where we ended' 21. but '21-the -- 232 did happen, and now all we've done is make up for last year, and it's been a seesaw. and there's so much geopolitical risk. oil's at $7232, but you have a war -- 722, but you have a war in the middle east right now and things could get hotter. and yet by the same token, maybe powell -- i don't know, maybe he's going to successfully have this soft landing. all a we're saying is that this

thing is not a sprint, it's a marathon. we're a tortoise. take advantage of opportunities when they present themselves, be smarter, take advantage of these higher interest rates, look at fixed income and buy some good stocks that if the market takes off, they might underperform the market, but they'll still go up. but if the market gets crushed, they'll outperform that way. liz: those are what you call the old reliables. give me two of them, ed. >> again, anytime we're talking about being key at our firm, we look to companies like mcdonald's and walmart, you know? they just -- in good times they're going to make money. in bad times they're still going to make hurricane and if so we like those. we also a like -- right now we don't know who the winner in a.i.'s going to be, but we do know the chip companies are going to be winners. so is it going to be google, is it going to be amazon? i don't know who's going to win a.i., minute else? i don't know. i do know nvidia are's been

phenomenal. we think am, the's got room to run. liz: yesterday scott shellady, our floor trader, picked a two. amazon hitting a high of $155.1, it has pulled back, but we are talking in the next block with the amazon work services, work space, a a ws, about their a.i. plan to share with the world. free classes. so, dutch, you gonna hop on, or are you looking at a names that are less obvious than the a.i. plays? >> well, i do think that amazon, we think that amazon actually is going to be talked about much more as an a. a.i. play. our favorite a.i. play right now is gtlb. you know, this is a $10 billion market cap company that could go to $20-30 billion. we look at that stock as probably going from about the 63 area to maybe as much as 130

within the next 12-18 months. qualcomm, obviously, we picked with you live on the air -- liz: yep. >> -- probably around the 26th of october. at 10 is 5, it's now up at the 143, 144 area. liz: i mean, dutch, did you see the quarter to date move there? 28% this quarter alone. >> yeah. and it was really something, wasn't it? if we really had a great time with that. it was our largest position, and when we got on the show with you. so is, hey, every once in a while, you know, a blind squirrel finds an acorn. [laughter] you know, but, you know, we like qualcomm still to go probably to 180, 190 and cybr, cybersecurity. it's cyber or ark software. those are really our four that i wanted to bring to you today. but we do like amazon because you got one of the biggest companies on the planet, and the fact that they are now

probably -- we're going to hear a lot more chatter over the next six months about their a.i. capabilities. and so we think it'll kind of do what microsoft did. liz: well, give it six minutes and you've got to keep watching, because they're coming on, the web services chief is coming on, and we're going to be talking about the cloud services in just a few minutes. ed, when you talk about everything is not what it seem, you say let the hares basically tire themselves out, and you be the tortoise. you just said that. what is the best way to play fixed income if you want to be a tortoise in both equities and fixed income is an -- and an opportunity there? >> well, you know, i'm probably going to risk the wrath of some things -- some people who hate variable annuities, but you get the opportunity to lock in some guaranteed gains. as long as you're at a certain age where you can annuitize. and by the same token, if the ec

by the i markets are going to go up, you're going to have the upside of anticipation but have all that downside protection. that's -- fixed income, equities and downside protection all at the same time. liz: ed, dutch, have a very merry christmas. great to have you both on. >> happy holidays. liz so good to see you both. thank you very much. we've been talking about artificial intelligence. it is, i mean, without a doubt this year's key investment buzzword as businesses look at how a.i. can improve their -- we're looking at the future of innovation with amazon web services live right here next. the a.i.etf ticker bots, it's up

38% year to date. "the claman countdown" is coming right back. the s&p is less than a percent away from an all a-time record, expect dow is up nearly 2 200 pointses. you've got to stay with us. ♪ rk —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. ♪

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liz: they say nothing in life is guaranteed, but it's a pretty decent bet that artificial if intelligence technology will continue its rocket ship trajectory into 2024 and beyond at least according to microsoft finder bill gates. today on his blog he gives his sort of end of year predictions? he predicted a.i. will be widespread in the u.s. in just 18-24 months. so you're saying, what do you mean widespread?

a lot of people are using it now. widespread meaning everyone or will use it for way more than just asking to write a thank you note in liz claman's voice. oh, i've never done that. i never asked chatting gpt for that. don't we all have to be code savvy to learn how to do a.i.? amazon's ready to do. that amazon web services has launched an a.i. college of sorts that offers more than 100 how-to courses with the goal of teaching millions and millions of people world wide both young and old a.i. skill sets x. those 100 courses? free. amazon services technology vice president is leading the cloud services for aws customers, spearheading the a.i.-ready initiative. this is really interesting, but who's it for? when you say young, old, who really wants this, and what can we all learn? >> well, just like you know that

generative a.i. is transforming businesses and organizations all over the world world, we know that we have to go and reach all kinds of learners, liz. our initiative called ready a.i., and so we're going after three different populations. we're going after professionals, people who are already in the work force today. for those folks we have 88 new courses that range are from the -- 8 new courses that range from the introductory coursework around what is a.i. and how should i think about it all the way to prompt engineering. we also have things like we're targeting the high schooler and university student crowd, and for that group we're targeting to reach 50,000 users with different type of educational content. we're partnering with a provider that we're soup excited about, and for our -- super excited about. and for our younger learners, k-12, we're partnering with code.org which is a nonprofit that specializes in targeting educational material for them. can and so really our hope here

is with our free of charm, easily accessible -- charge, easily accessible content here that we'll just lower the barrier to access for all kinds of learners at every stage of their progression in technology and get them part of what we're seeing happen with general rahtive a.i. liz: how tech-savvy do i have to be to hop on one of these classes and even understand just the initial guy dance i'm getting from these classes? >> you don't have to have background in technology, a.i. and ml. we really do start with what is generative a. a i. and why is it such a transformative technology. for our learners who are a little bit more advanced, we do provide more advanced programming for them. i talked about prompt engineering, that's a very common technique that's use9 for making those responses of that a.i. model more appropriate and responsible. we introduce that to as well to our learners and trying to get that k all the way into the

professional field because this transformative technology is really going to change the world. liz: i'm trying to wrap my mind around because, obviously, we're a business network. we look at amazon, earlier hitting a 52-week high today. what is in it for amazon to be giving this stuff away for free at a time when we are in the middle of a humanly competitive a.i. arms race? if this is ip you guys understand pretty well. why give it away? what's in it for amazon? >> well, amazon is in the business of democratizing access. if you think about our cloud services, we've provided cloud services now at enterprise scale for about 18 years, and our whole goal for that was to be able to put the power of elastic, pay as you go technology in the hands of inventors all over the world. and whether you're building a start the up out of your garage or working in an enterprise organization or working really in government, our goal is to

give people access to the latest technologies including generative apt i.. -- a.i. that is the same mindset that we're applying here to a.i. ready. it's just with, you know, how can we lower that barrier of access and just bring more people along with what we think is just an incredibly important technology. liz: it's not just people, it's kids too. >> that's right. liz: you've got something called dance party. explain what that is. we've got some video of it. and this is for the younger set, is it not? to learn how to, basically, learn a.i. >> well, we have a lot of different technologies that we have introduced to help reach different folks. we have party rock, we have dance party, we have a bunch of different approaches we're doing. but really it starts from this kind of foundational understanding of how to responsibly use this new technology. of it's not enough that it's just powerful. we have to figure out how to use it in a responsible way. and i think -- liz: good point. >> -- when you're looking at partyer rock, dance party, you know, it's the obviously trying

to make these technologies fun and accessible. but part of what we're here to do too is to make sure that that use is responsible. and we have that built into our enterprise a.i. services today. liz: i'm going to see if i can tackle one of these classes. i may have to start with dance party -- [laughter] that's about my level. much younger, perhaps, but the kids are smarter than us. mai-lan, thank you so much for talking about this new initiative, and we like the f-word, free. >> it's a great word. happy holidays. [laughter] liz: and to you too. okay, folks, you know that an operation is serious when the u.s. military assigns a name to it. operation prosperity guardian is the new name for the u.s. navy's effort to help protect international shippers as they move global trade through the now very dangerous waters of the red sea. we've bot the details on the newest -- got the details on the newest security initiative in the middle east. and leave it to the nanny to get the hollywood studio chiefs to

cry uncle. after the # # 18-day-long actors' strike a few months ago, sag-aftra president fran drescher joins us live to tell us how she did it and what she aims for in the next negotiation a few years from now. all right, take a look at the dow heat e map. we already talked about what's leading, but ibm and unitedhealth group are the laggards a along with coca-cola, honeywell, verizon and cisco. we are coming right back. don't go away. ♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations.

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liz: fox business alert, take a look at shares of candu, the consumer products unit j&j spun off back in august. shares hitting a 1-month high after a it received a favorable court ruling related to a class action lawsuit claiming that exposure to tylenol during pregnancy cause9 birth disorder9s. the federal judge in the case issued an order that will not allow the plaintiffs to present evidence for a link between prenatal exposure to tylenol and autism or adhd. jpmorgan said the ruling effectively collapses the plaintiffs' case in this litigation. affirm's stock, look at this gain here. this is a 20-month high after

the company announced an, expansion of its buy now, pay later partnership with walmart. a affirm popping 16% at this very hour. it'll be available at 4,500 of the retailers sell checkout kiosks -- self-checkout key gross withings. walmart if shares up just under .2%. the sun is shining on solar stocks. first solar gaining about 8.8 -- sorry, that's enphase, 4% at this hour it was named one of the top solar ideas for 20224, td says u.s. utility fundamentals appearencouraging, and enphase is getting a very nice move, at the top of the s&p after the maker of my escrow inverter symbols for solar panels announced cost-saving moves, the ceasing of operations at two of its plants.

>> two more solar names having nice moves after piper sandler upgraded the stocks from neutral to overweight. the firm is highlighting the potential easing of benchmark interest rates as a positive catalyst for solar energy sectorful we've got sun is run up 7.7% and sunova up 4.8%. international shipping giant mersk confirming that ships currently being held from traveling along the red sea now be diverted along the cape of good hope as soon as possible. you can see on the map how much further they now have to travel. this decision is due to the wave of drone attacks by iranian-backed houthi militants in control of yemen, now the u.s. is forming a multi-national coalition to protect cargo ships from the houthis. defense secretary lloyd austin today announcing the establishment of operation positive property guardian which includes the u.k., canada,

france, italy, spain, bahrain and other countries. some will patrol the seas to protect cargo vessels while others will help provide intelligence support and the red sea -- in the red sea and gulf of aden. joining us now live from the pent gone to explain what it means for global trade and the red sea is fox news chief national security correspondent jennifer griffin. jennifer. >> reporter: well, liz, what it means for global shipping is that's a much more expensive route around the tip of africa. denmark's giant international shipping company mersk, as you mentioned, said its vessels will go around the cape of good hope in south south africa, and earlier today 20 vessels waiting on both sides of the sow was canal, they will now change course and sail around the tip of africa, a costly detour. quote, out of safety reasons, all vessels previously paused and due to sail through the region will now be rerouted around africa via a the cape of good hope, they said. they will continue their voyages

on the diverted routes as soon as operationally feasible. defense secretary lloyd austin, who is in bahrain today, held a virtual meeting with over 43 defense chiefs to discuss how to protect the red sea e shipping lanes. it came a day after the defense if department announced a new maritime task force to address the houthis' continued drone and missile attacks on commercial shipments. >> all countries have the right to move freely and lawfully in international waters. but that foundational global right is under new threat today from the totally unacceptable attacks on merchant vessels by the houthis in yemen. if. >> reporter: under operation prosperity guardian, the u.s. navy will join warships from the u.k., bahrain, canada, france, italy, the the netherlands, norway, the seychelles and spain to escort shipping vessels through the red e sea.

just hours after the announcement, iran's revolutionary guard corps, irgc navy, announced it has established a new volunteer unit to carry out its military operations at sea during the trait of hormuz. according to a top irgc commander, local sailers -- sailors will be allowed to carry out missions on vessels armed with rockets. the houthis have targeted 12 merchant vessels involving more than 35 different can nations including 2 attacks on monday. 14 international shipping companies have now suspended shipping true the red sea. liz? liz: jennifer griffin, thank you as much. -- very. we'll be watching the situation close wily. all right, fran drescher helped force one of hollywood's biggest players to open its books on the streaming numbers as she worked day and night to fight for a better contract for actors in her union. now the nanny is here.

sag-aftra president fran drescher joining us next to tell us where she sees she and the union can do even better in their next face ah with hollywood studio exbis -- executives. fran's, like, can we give the victory a minute? [laughter] and it's the show one of those studios, disney, made a ton of money from, "dancing with the stars". but the glitz and glamour or came with pulled muscles and broken heart strings for cheryl burke, the longest serving dance pro who made it through 26 seasons. she's my la latest guest on my brand new everyone talks to liz podcast. just dropped a few hours ago. she was painfully shy, but she reveals how she high stepped it onto the dance floor spot spotlight and fought through major life pain all while teaching celebs to tango on live tv. here on it wherever you listen to your podcasts. we are coming right back with fran drescher on the actors' strike success.

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♪ liz: so the hollywood actors' strike, boy, that stretched on, but it officially ended last month, and we are already seeing the fruits of their new labor deal come to light in the form of this: streamers are now required as a part of the deal to disclose the total number of hours, this is the total number, not these, you know, billions of minutes which don't really help, total number of hours content was viewed and which shows were viewedded on their platforms each quarter. this is key because it helps actors determine if they're being compensate ised fairly based on their show's popularity. the lead streamer, netflix, dropped its first installment of a new what they're calling the biannual what we watch list, a report of content views from

january of 2023 to this past june. in the number one spot action thriller series the night agent, season one, had 812 million viewing hours. finish second place, ginny and georgia season two with over 665 million hours. rounding out the top five with more than 500 million hours each, the floorly in third e place, the adams family spin-off series wednesday in fourth and queen charlotte, a brimmerton story -- bridgerton story in fifth place. this is really important, folks, and i want to explain why. it's great for the writers too, and it's not even that bad for the studios who are forced to open their books. here's why. to be transparent enables the actors and writers to see for their next negotiation how well the show has done. before you had the netflixs of the world keeping the books closed and hidden so that actors couldn't say, or well, wait a

minute, you know, there was sort of a one size fits all at the beginning, what about now when it's a huge hit? let's bring in the person who demanded these industry giants open their books and actually succeeded. sag-aftra that the president and act a dress fran drescher. she joins me live in a fox business exclusive. fran, this is, to me, quite successful because obviously, you know, what the strike did, they were all about a transparency -- do we have tech issues with fran? if okay. stand by. we're going to strike back up with fran in just a moment. but in the meantime, when you look at what we saw when it came to how the companies were doing during the strike, some of their stocks -- and not just the streamers, but you're talking about some of the studios -- continued to fall. this was not good for anybody. but as we watch some of these names, i do want to point out that netflix is hitting a # 52-week high at the moment and, in fact, right now it's at $494, high of the session, $496.

that is a new high. this is a gain about 11.6%. and -- 1.6%. and there really isn't much news. so what i'm talking about what the gain is, part of that is because the studios can lure talent and say, well, our shows have way more viewership than some of the other streamers, so why don't you bring your content to us. maybe it's a win-win. as we wait to reestablish with fran drescher, let's get to charlie gasparino. he's just gotten in the chair, lee got some news -- >> breaking news, and i think you should talk to fran if drescher a little bit about this because this is kind of right in her wheelhouse. we understand that shari redstone is now locked in talks with skydance media and red bird. the price she's asking for is something like $1.8 billion for her 80% stake, i believe it is -- liz: we do have fran. why don't you just sit here, because that's an interesting point. [laughter] >> the bigger point, which i

would like fran drescher to address, is the fact that this is not an easy sale. people are looking at paramount's assets, a lot of them, and saying what are they going to be worth in five years because of streaming and because of everything that's disintermediating the business. liz: charlie, stand by. fran, you're here? >> yes, i am. [laughter] liz: great. >> finally. [laughter] that was so stressful. will. liz: well, everything's calm now. it's just live tv, and i know you're used to that. fran, the success of the actors' strike at least on the actors' side, you know, one of the things, to me, that became really evident happened last week when netflix put out its viewership numbers, the number of hours that certain shows had. and when you see that the number one show had something like 800 million hours viewed, to me, that's pretty stunning. why was that important, that transparency? and how did you wrestle that out of these studios?

>> well, you know, we have a right to know how successful the projects that we're a major contributor are, otherwise how do you negotiate your value? so that's one thing. it was imperative that they be more transparent. you know, this whole new platform was trying at every corner to be as, i guess the word is greedy, secretive, but also not thought theful -- thoughtful of the people that were really partners in the building of this platform. and that's what ultimately they had to be reminded of, we're not e peons, we're partners, and it's really important that we know what our participation is.

and by trying to keep it secret wasn't working for us anymore amongst many other things that had to be corrected. unfortunately, as frederick douglass said, a great american, that power concedes nothing without demand. it never has and it never will. so their first instinct over and over again was to do manager that was -- something that was not in the best interests of anybody but themselves. and then they had to be reminded that they're not the only people in the room. liz: that's interesting that you use the term reminded. that's a rather gentle term. let's just explain to people. in the past when they bought a show, they got a flat fee. use squid game, for example. who knew that was going to be as huge as it was. i get the flat fee initially up front, but then when it became the most watched show, that's worth something, is it not? for the actors, for the writers and, therefore, the whole crying we're poor, we can't do it,

we're a new sort of, you know, we're in our incipient stages of streaming kind of fell flat, did it not? if. >> well, i'm not sure if squid e games is actually something that the platform makes specifically for themselves. i think it was something that hay bought. -- they bought. so in that regard it -- liz: okay. original entertainment, yeah. >> yeah. however, it was very important that we get some kind of a new participation that a new stream of revenue be opened up, and we got it. so this is all, you know, of course if a show is wildly successful, everybody up and

down the ladder in the old business model which was linear television benefited. and that's the other thing that for some reason didn't occur to them, that, you know, we were in a vacuum-sealed box. you -- there was no tale of revenue upon which the old contract of resinge wall model was based. liz: can i ask you what your relationship is with the network chiefs, the studio chiefs now? bob iger, david zaslav? it was a little bit of scorched earth initially, then it was we hope both sides can get together, but how is it now? and what do you hope for? because the next contract is in fewer than three years, correct? >> yes, that's true. and i think that, you know, we've changed the culture, and, you know, all the old playbook acts of intimidation didn't

work, and so it was imperative that they lean in, that they hear. and to their credit, they ultimatelyly -- ultimately did. i've heard from bob iger, and i was actually not feeling well last week so, or you know, we'll catch up. and actually i had gotten an e-mail if one of them -- from one of them who wrote me that, you know, it was a tough go, i'm glad it's over. you were the maestro, and you won, conning watch thelations. liz: wow. >> and i thought that was very generous as well. and, you know, i don't want to say who it was because it was a personal e-mail that was sent to to me. but, you knowing there was no question -- you know, there was no question that the energy of this negotiation and what we triggered on the global stage in terms of a workers' movement was

larger than the sum of its part- >> franker it's charlie gasparino here. you're dealing with a business that is in massive transition right now. it kind of e minds me not quite of the auto industry now, but it reminds me a little bit of the auto industry pre-2008. i mean, this is an industry, you have to renegotiate a contract, it's going to be vastly different. difference revenue streams, it's going to downsize. and i'm saying at some point aren't you squeezing, trying to squeeze water from a stone? and here's why. if shari redstone can't sell paramount, and that's essentially what she's doing with her 80% stake in national amusements for more than $2 billion, that means people are pricing in the asset's massive declines. remember they're cbs, paramount, the library. this is an industry that you're canning for money that might not even be there. >> well, first of all, it's there because we got --

>> it's there now. >> -- as a billion dollar deal. but, which has broken old records. okay, putting that a aside, nobody has crystal ball. i don't think that entertainment is going to go away. >> no, it's just going to get in commoditized venues that will cost heads money and make less money for the movie theaters, and people aren't paying for stuff. liz: and also a.i., fran. one of the things that you got regarding a.i. was that actors would get paid for their image and likeness. the question with a.i. becomes does anybody really know how to protect actors from a force that hasn't even begun to rear the rest of its body? i mean, the head has tick thed up, but this thing is growing very fast. >> that's true. and it's driven by human beings. who are shortsighted, not longsighted. and have a complete disregard for the fact that the more

humans that we president put out of work -- that we put out of work, the more we move towards a dystopia. but having said that, i think we put language in that they aagreed to that we are going to meet twice a year to keep our thumb on the pulse of what is happening. there is going to be a point when we have to lock elbows and go to washington to protect the industry at large from piracy. so, you know, there's a lot of meat on the bone in terms of all of the things that will need to constantly be addressed. and, first and foremost, it's a recognition that we as ap a industry have to -- an industry have to remain responsible -- liz: franker we've got a commercial break coming up hard. thank you so much for coming on. please come back. we want to hear more about this. fran drescher. ♪ ♪ liberty mutual customized my car insurance

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♪. >> small caps have been making very big gains over the past couple of weeks. i mean if you take a look at some of the top performers of the i-shares russell 2000 etf, i-point pharmaceuticals, we don't often talk about that name, up 222%.

that is this month alone. hawaiian holdings up 201%. alta immune gained 257% this month alone. we're seeing a run-up for small caps. our "countdown" closer says they could be in for a bigger entire year. what will drive it? key advisors ceo, eddie ghabour is here to make the case. eddie, we have had a good couple months. i've seen this movie before, past 20 years, russell rears its head like a icelandic volcano and then it cools oaf. what will keep it going? >> if the market will continue to keep its strength, maybe no mistake that this is a violent rally, and blown technicals out. think thing will have legs. we'll have pullbacks because we're overbought. for this strength in this market to continue next year, we believe the market has to broaden out an small caps still

have a long ways to go to get to their 2021 highs. i think you will see more money chase the iwm. it just broke through 200 which is a very important point for there and there is just a lot of areas just like small caps, i would refer to as a catch-up trade. they have nice upside especially in the first half of next year. as we tell the clients, as we're buying these positions, going to buy them, they will be on short leeches. we still have a lot of fundemental headwinds that copotentially hit. make no mistake, you can't fight the fed what they have changed and how they have changed their stance on rates and look, this crash in interest rates it has been extremely powerful. that's why you're seeing the riskier assets that haven't participated in our opinion, really take this major leg up. liz: just, we've been covering the news about what's going on in the red sea and of course the shippers have had to take the long way around the cape of good

hope because of the war issue with israel and hamas. we look at what's going on, you do like some energy names and they have really good dividends, if you look at amlp that is dividend of nearly 8%, about you energy names do you expect them to get hit on any of this going on in the middle east? >> so you're going to see volatility because of that, but to your point, i think another big opportunity for investors heading into next year is building cash flow and strategies, in the infrastructure play, malp plane, 8%. xle you have exxon and chevron and they have been underperformers here over the last few months. [closing bell rings. liz: there is the bell, eddie. guys, fifth record in a row. we have sports agent, tommy deaf veto's agent