biden -- told president biden right to his face, we're going to take taiwan. we'll take it peacefully, if we can, but we're going to take it. it peoples like it's going to happen in xi's lifetime. now biden is talking about more tariffs on chinese evs. to me, it feels like what he's essentially saying is he wants to make our e viciouss -- evs more competitive, but will that work? >> what's going to happen, you've seen byd back bed by warren buffett, the name mg and like the british car company, and you're seeing cherry all building plants in mexico where they're going to bypass the free trade agreement, and tear going to bring cars into this country. believe me, they're selling them at $15,000 in china. you bring in cars at 15 grand, you will destroy the u.s. auto industry. charles: we asked for it. lauren, got that -- gotta live it there. >> -- kill switches. charles: liz claman,s over to you with. liz: it is great to sew you on this -- is it thursday?

oh, i can't wait for friday, charles. [laughter] well, after an ugly final hour of trade at this time yesterday, color the markets, let's call it chartreuse. that's french for green, sorta. the s&p breaking for a broader or market here, up about 25 points right now. one of the top gapers, carnival corp -- gainers. the cruise line is cruising higher on a indicatorly revenue bet and a smaller than expected profit loss. the stock is up more than 55%, but wait til you hear how their 2024 bookings and balance sheet look three and a half years after the entire industry nearly went down9 with the ship. coming up, carnival corp. ceo josh weinstein is joining us live on how he beefed up bookings and. >> is rank the massive debt pilt pile. we want to take you to the 2-day chart of the s&p. yesterday the index came within such a tantalizing half a percent of its all-time high before taking this unbelievable hairpin turn to plummet more

than 1.3%. but as you sew, the picture much brighter today and, yes, the russell and the transports, which wednesday got slam ised on fedex's less than shiny outlook, are actually leading the bulls today if you look at percentages. the russell up 1, dow transports up 1.25% or 18 # 7 points. right now the transports, which beyond the package delivery names also include the airlines and the railroads, has swung from yesterday's $378-point -- 378-point loss to a decent gain, 188 points at the moment to the dow and the nasdaq after their worst session since october, both in the green. the dow is up 145 at the moment. doesn't erase the 47 # 6 points slashed off the blue chips wednesday. and the nasdaq gaining 115 points. micron is definitely giving the nasdaq the biggest lift here. the chip maker is soaring. 5 -- 8.55% to an 18-month high thanks to its prediction of strong

recovery next year in its supply-demand balance for its high-end memory chips. but overall, the markets are being plumped up by not too hot, not too cold data. weekly jobless claims ticked up by 2,000 to 205,000. that's below the 215,000 estimate. this is a number you do want to see below. basically, that underscores we still have a tight, healthy labor market, for sure. while the final print of third quarter gdp came in at 4.9%, slightly cooler than the previous 5.if 2% read. does that economy sort of not too hot, not too cold deserve interest rate cuts? well, right now the 2-year yield which is a proxy for federal reserve policy, is up 3 basis points at the moment. so we're looking at about a 4.335%. the 10-year at 3.89% even with this gain of 3.8 basis points, it continues to hold below 4%.

so if you're asking yourself did you miss the chance to buy stocks on the dip or longer bonds with a higher yield, let's bring in two of the markets top -- market's top strategists, capital cio and founding partner jack ablin and andy brenner. jack, we usually don't start the floor show by looking backward to yesterday, but everybody was playing this guessing game as to why the markets pulled such a sharp 180 yesterday. some analysts were attributing it to the so-called zero-day options saiding, options contracts that expire the same day, others said the multiweek rally just lost steam. what? >> yeah. i think it was a combination of technical and also a sentiment, liz. technical, you know, 4796 was an all-time high. we got very, very close. that was huge resistance. and i think that brought out some of the sellers that are watching those kind of levels. i think add on top of that right

now you can't find a bear in today's market. bullish eness is in the top d can ecile of its -- december style, and in a world where the market is the reflection of reality and expectations, it's very difficult when expectations are running this high. liz: andy, we look at what's happening with the 10-year yield, and everybody's asking in the equity the world did e i miss the dip from yesterday, because they're sort of flash dips as we've called them, and they're also a asking did i miss a chance to buy the 10-year at 5% because now the yield certainly below 5%, and then the you have weird events like yesterday that are gyrating the markets. how do you square both of those? >> if you're waiting for 55%, you've missed it. you had it for a few minutes and you missed it. as far as 4% goes, you're at 3.90 right now. i think the 200-day moving average at 4.02, i think januart these markets up too far, too

fast. yes, should you not fight the fed? absolutely. fed's going to cut six times this year. but the reality is it's not going to be all in a straight line, and we have -- next week we have 155 billion of treasuries, in january we're going to have a human amount of treasuries. so i would like to buy 10-years back behind 4%, in fact, i might even wait for 4.30-4.34. liz: and you think that'll happen january, february? >> i think that'll happen the middle of january. i think you want to get long before the next fed meeting on january 31st. liz: january 31st. but they're not going to cut rates january, you say -- >> no, they're not. they're going to start in march. last i looked, 90% chance of march. and almost every fed meeting through next year, which is season fed meetings, you know? if not january, but seven more. right now we have six. 150 basis points lower in fed funds, 4%. and, you know with, you can talk about the economy and i don't want to step on jack, but, you know, the reality is inflation

is dead, and i think we're going to see that tomorrow in the pce numbers because this number you just talked about as far as the reduction in gdp, it's going to make the pce deflater even lower tomorrow, so is i think we're going to have a rally tomorrow, but i would still wait for 4.25-430. liz: jack, far be it from me to question the esteem thed thought of my friend andy, but when he says inflation is dead, i personally am am not so sure especially considering look at what's happening in the red sea right now. you have so many ships or that are diverting. it's not exactly the supply chain crimp that we saw during the pandemic where china's shipments just stopped. but this could the cause another supply chain problem here, could it not? and then we start to see prices go up because people can't get their hands on certain things. where do you stand on this? if i think the fed's been pretty clear, we will not see six cuts next year. >> yeah. i'm not sure about the six cuts. that's, you know, what fed if funds futures is suggesting.

but i will say that, remember, the biggest component of cpi is owners equivalent rent which is essentially just a cost of being in a home whether you with own it or rent it. and one of the things we're seeing now is rents on a national basis, at least those increases are coming down x. if then there are a couple cities where presents are actually being reducinged. so i do think we are going to see inflation, by and large, roll over. i think that if we could get to 2.5-2.6 by the end of next year, that's a good sign. you know, what that means to us is that the 10-year treasury which we believe tracks nominal gdp, it would be roughly around 4-4.5% if you assume 1.5% for real gdp and another 22.5% or s. somewhere in there. liz: and, by the way, tomorrow as we referenced, the fed's favorite inflation gauge, the

pce, personal consumption expenditures, core, that's what they look at, comes out in the morning. but it's the final hour of trade that really puts its stamp of approval or disapproval on it. here are the estimates. and as we talk about this, jack, i do want your thoughts because you said there isn't a bear in the place to find. there is so much euphoria right now which makes me wonder9 if the market's too one-sided. i awe that -- i saw that you're picking some property trusts. and in the end, we're looking today, so many chipmakers and the sox index is filing higher and deeper -- piling higher and deeper. >> yeah, that's it. our favorite sectors aren't going to be in the finance area because they were pretty much left for dead this year. also a while the private property markets aren't reflecting necessarily a new reality, cap rates in the private markets are still pretty low. in fact, i would argue almost equal to their financing costs which i think is somewhat denial. the fact is that the public

market reits have been decimated. they're essentially platte this year, so -- flat this year. we do get lower short-term rates, even incrementally higher longer-term rates, that's increased that slope in the yield curve, and easier financing should benefit finance in general, the banks, but also the property companies. liz: and as we finish up, andy, the financials should do well in a rising rate environment. conversely, do they do poorly in, if we start to see rates come down? >> i don't think so, liz, because right now you have the competition. money markets, you have $6 trillion in money market funds yielding between 5-2 -- 5.25. and that is putting pressure on banks. they're losing deposits. you have disintermediation. if the front rates start to come down, there's going to be less pressure on bank, and i think banks are just going to be fine. i think we've gotten over the crisis. i think we've reversed some of the hold to maturity losses.

i mean, bank of america's holding maturity loss has gone from $133 billion,s which is a huge number, to under $100 billion. liz: okay. >> and the fed, someone estimates, i think the new york fed estimates it's $1.63 trillion of lass -- losses, and it's come town to about a trillion. a very festive outfit, andy. and, jack, always great to see you. you both a happy holiday. anytime. >> same to you, liz. liz: we are always watching wall street, but e to keep an eye on the middle east at this hour because the israeli military has just uncovered the biggest network of terrorist tunnels yet as talks of a ceasefire in exchange for more hostages heat up. we will have a live report from tel aviv next. and then later while some college campuses are mired in a rise in anti-semitism, auburn basketball head coach bruce

pearl, who took his team to israel, is working with a wall streeter to show how bringing athletes to the holy land can battle hate. the athletes aren't just tourists when they go, they actually meet with israel's tech sector which includes checkpoint software, up 17% year to date. mobile aye, gains 28 president this year, cyber ark up 65% year to date. israeli stocks doing pretty well despite all that's happening. "the claman countdown" is coming right back. the dow piling higher by 1599 points. ♪ -- 159 points. ♪ -- 159 points. ♪ ♪ they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow.

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liz: take a hook at that. that is the israel defense forces today demolishing the

largest hamas underground tunnel network to date that they discovered. the major command center in the heart of gaza city was discovered yesterday, and then an elite team demoicialed it in one fell swoop. idf officials saying the terrorists used it to quickly move personnel, spries -- supplies, weapons through a network of offices, elevators and tunnels that stretched across gaza and into major hospitals, possibly hostages in there too. let's go live to greg palkot in until avive, israel, where hamas rocket attacks are happening as rumors of another hostage exchange circulate. greg. >> reporter: hi, liz. yeah are. we'll set the scene first here in tel aviv, once again the target of hamas rockets again today. just about all of them knocked down, a sign that while the group might be down, it is not out. israel pounded northern gaza positions while striking southern a hamas leadership

compounds and, yes, you are right, they uncovered more tunnels. that vast network underneath gaza city, nearly 70 feet below the ground, spiral staircases, elevators, plumbing, electricity beneath the private properties of hamas bosses and according to reports and scenes today, they were sealed up and blown up. as the talks to pause the fighting and release hostages seem to be a little bit tuck as a well, hamas wants a complete halt before they discuss an exchange of hostages. they reject israel's position which is one-week pause and immediate exchange. but israel tonight says it's still open to talks. the humanitarian situation in gaza continues to get worse. the world food program today saying one-quarter of the 2.3 million people there are starving, there are no working hospitals in the northern part of gaza and, yes, according to the hamas-run health ministry, 20,000 people dead just in the

last 10 weeks. at the security council today, liz, they are once again trying to come up with a resolution. it would include a call for humanitarian ceasefire, but the u.s. is pressing for it to also include a real condemnation of the hamas attacks on israel on october 7th. we'll see how that goes. back to you. liz: greg palkot live from tel aviv, we thank you very much. just as the flames of anti-israel sentiment explode here in the u.s. on ivy league campuses, basketball players at awe a burn university in alabamn alabama say going to riles was a trip that opened their eyes and changed their lives. in a fox business exclusive, auburn tighter thes' head coach bruce pearl is here live next to tell us why he took his tigers to israel, what he wants his athletes to know about the holy land and the wall streeter who helped make it all happen. all right. we have about 40 minutes to the closing bell. look at the top of the dow heat map right now. we've got intel, salesforce,

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liz: since hamas terrorists began slaughter eking israelis on october 7th, anti-semitism has erupted on some u.s. college campuses. but at one campus, auburn university in alabama, the head

basketball coach, bruce pearl, took his team on an unprecedented trip to israel last year. the auburn tigers made the voyage to the holy land with athletes for israel, an organization started by former wall street executive daniel pose nemplet watch. posener. watch. ♪ >> let the light continue to shine upon you and shine upon all of our people! [cheers and applause] if -- liz: bruce pearl, head basketball coach for auburn university, joins us live from auburn, alabama, and here in studio daniel posener, founder of athletes for israel. welcome to you both. by the way, auburn's record this season, 8-2, bruce? very nice. [laughter] >> we're off to a good start, liz. it's great to be with you and daniel today. liz: great to have you. bruce, how did this trip come

about, and what did your players use from going to the holy land are versus watching news reports about israel? >> well, liz, if you ask anybody in israel what can be done for israel, they say come visit. come see for yourself. and so for me being a jewish-american basketball coach that lives in a a evangelical christian community, i wanted to take my players. they got off the plane and they saw color, they saw diversity, they saw christians, muslims, jws, arabs living together, loving the land, living the life. and rather than telling them about the lies that are out there about how israel was created and whether it was or was not an apartheid state or some kind of occupation, let them see it for themselves. they fell in love with it. and thanks to daniel posener and athletes for israel, they're come back to this country as ambassador withs, and and more importantly, just being able to tell the truth. liz: well, takes money to take

an entire basketball team overseas, that much i now. and so you've got to bring in the wall street guys. daniel, let's talk about that. why did you start athletes for israel? i mean, you made a pretty penny when you were on wall street. i know you still are in private equity, but what made you want to do this? >> i became frustrated by all the negative news anticipation on israel whether it's about politics, and we just wanted to focus on all the positive things that are going on in israel, the endery, the -- energy, the diversity, the high-tech industry. there's so much to love in israel. there's an incredible cullture there. i bring my family there every year, and so many of my colleagues on wall street would say come bring maine next time you go, bring me. and then when you see it in real life, you see how amazing it is is and how western it is and how amazing the culture is and the history. liz: bruce, i want to know what some of your players said. maybe some of your players who

had never been to the middle east and had never really known much about israel or ever met an israeli or perhaps a jewish person beyond their coach, you. >> you know, liz, religion is somehow, for some, divided us. and for me, it bring withs us together. abraham is the father of all nations. that's where it started, right there. jesus grew up his entire life living in israel as a jewish rabbi. he started the greatest religion in the world. for me as a coach, my job is to bring people together and see what the common ground was. look, they fell in love with it, and they also, also saw some things about the holocaust that horrifieded them. and they just for the life of them couldn't understand anti-semitism. why would somebody want to kill somebody just because of the way they pray? it didn't make any sense to them. and particularly when african-american players who have felt racism themselves, in some ways it brought me and them closer together because we have

both been in that situation as slaves and persecuted. liz: you know, they're typing the classic reading the newspaper in the dead sea because of the salt content, you just float. but obviously, daniel, this is more than just the tourism. bruce talked about how he had taken them to the holocaust museum. this isn't just for college players. know you took university of arizona and kansas state dethe men's basketball teams. you've also had a bunch of nba and nfl players who want to go and have gone with you. >> yeah, we brought dozens of nfl players, many of them legends, some of them current players. the idea is we want to be able to use their platforms where they're seeing hundreds of thousands and millions of people. and to be able to express how israel is to them. and through their experience in israel, that enables other people to experience it as well. because as we know, the millennial generation today, many of them are anti-israel. they support hamas. they don't really understand.

but we're not giving them information in the a places where they're reading that information. and through these athletes, they're able to see e a little bit more and have a better pictureture for what it is -- liz: bruce, one of the things that has upset a lot of people is watching anti-semitic and pro-hamas rallies on u.s. ivy league campuses. what is the atmosphere like down at auburn university? >> you know, we're blessed to be able to pray and worshipship as we want tom -- worship as we want. to i had about a 7. 5 jewish students over to my house to celebrate hanukkah, and i think because of the evangelical christian community that lives here in alabama, we're safe. finish it does break my heart, liz, to see what's going on on these college campuses and jewish students being threatened just because of how they're praying. we said never again and yet somehow we're seeing it happen again. so i'm hopeful that israel can eliminate their enemy and that

through peace and prosperity as with we move forward, everybody can enjoy the incredible opportunity to live peacefully in the tate of israel. liz: bruce pearl, daniel posener, this is amazing. we love this story the. wall street helping sports and helping the world to embrace each other and to move forward in a peaceful way. thank you both so much is. and, bruce, tell my cousin brandy i said hello, your lovely wife. [laughter] >> liz is my first cousin, the word's out. you should have to deal with all the people that hate me here at auburn, liz. [laughter] liz: no problem. yes with, full disclosure, we cousins. fox business alert, carmax revving higher after reporting earnings that beat analyst expectations. net income for the quarter more than doubled what the the on a

line car dealer measured last year. we have breaking news, boeing confirming its 787 dreamliner departed an hour ago from paynefield, washington, for delivery to a private chinese carriers -- carrier. why is this significant? because this is the first direct delivery of a 787 dreamliner to china since 2019 after the company had grounded orders and deliveries of boeing planes in 2019 following two deadly crashes. boeing hitting a 52-week high during this session. the stock is up 36% year to date. u.s. ev merricks seeing a bit of a turn around, getting a pop at this hour. a report that the u.s. is discussing raising tariffs on some chinese goods including electric vehicles. current arely, the automakers -- currently, the automakers, the u.s. ones at least, are doing well. but chinese are kind of mixed. nio and xpeng are up, a 25% tax

introduced in the trump administration and continued through the current administration, the u.s. ev makers, lucid is, tesla moving higher. there may be troubled waters around israel and the red sea, but it is smooth sailing to other vacation destinations as carnival cruise lines reports new yearbookings are on pace fon pace for a record. ceo josh weinstein of carnival joining us next live. and the glitz and glamour of "dancing with the stars" came with pulled muscles if broken heart strings for cheryl burke, the longest serving dance pro who made it through 26 seasons of that hit show. she is my brand new best on my everyone talks to liz podcast. she have painfully shy, but she reveal is -- reveals how she force forced the high step the it onto the dance floor spotlight and how she fought

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liz: carnival corp.'s stock bubbling up nearly 6% right now after the company reported record annual sales and a narrower than expected loss in its fourth quarter results. the cruise line operator also said nearly two-thirds of 2024 occupancy, already on the books. another positive metric? and this one's really interesting for any shareholder or would-be shareholder, carnival's debt dropped by $4.6 billion from its peak of $35.1 billion back in the first first quarter of fiscal year 2023. how did they do it? and what is the sailing like ahead? joining me now company president

and ceo josh weinstein. i don't want to get all geeked up about the debt, but i was really impressed by that. you win knowed that down. how did you do it? >> it's by producing demand, producing revenue and having a clear understanding of where we're going. so we obviously had to pile up the debt, got up to $35 billion and working hard to get that back down. we've set out 3-year targets that get us back to investment grade credit metrics by 2026, and we're well underway. liz: i get that, you know, you had to take on debt. you weren't the ceo then, but you have to take on a lot of debt because this company and all the cruise lines faced an existential threat in 2020 during the pandemic expect lockdowns when, forget if it, nobody was going on these ships. and here we are looking forward to 2024. what's left? i mean, is it slim pickings for people who want to travel here? i mean, you have massive bookings for next year. >> yeah, we do. we're 10 is points ahead on our

book position versus same time last year at considerably higher prices. so the fact is even though we have 5.5% capacity growth next if year and we're going to be sailing full, the whole year, we have less to sell at this point. so, or yeah, i'd say get on the phone and start booking now if you're looking to cruise with us. and, of course, we're open well beyond 2024, so feel free to book in 2025 as well. [laughter] liz: well, go back to the stock and the shares and what's going on there. if there's one little thing, and not so little, i guess, depending on how you look at it, of your report is investors might be looking at your current quarter forecast which basically showed an adjusted loss per share of 22 cents which is wider than the expected 112 cents. -- 12 cents. when does this all go into the between? do you have a prediction when you will turn profitable once again? >> well, 2023 we officially turned profitable. so we have positive income for

fiscal year 2023, and that's obviously just the start. we're projecting for 2024 to grow that by about $.2 billion -- 1.2 billion in income. now, obviously, it's choppy by quarter, and we're really a seasonal business. and so we make the vast majority of our profit in the third quarter. and so we had q11 earmarked right -- q1 earmarks right where it is and, frankly, it reflects yields year overrer year for the first quarter growing by about 16.5%. we do have a little lumpiness on the cost side because occupancy is increasing so much in the first quarter, and that comes at a cost, and we have some extra dry dock days. i suggest you look at the full year, and the full year says the momentum cons with strength. liz: and where do people want to go? and to that i would, we have a situation -- to that end, we have a situation floor the mediterranean and, of course, the red sea where it is too dangerous even for tankers and cargo inships to go. what kind of movement are you

putting together to divert any previous routes that you had? >> well, i mean, for the most part our guests are traveling to the caribbean, they're traveling to alaska, europe. those are our strengths, and they'll remaining the strengths for the foreseeable future. we obviously have an eye on what's happening in the red sea. we have very limited exposure there, in fact, nothing of note until if we talk about a few sailings that have to cross in the march-april time frame. so we're absolutely, we're monitoring. we've got mitigation plans in place, and we'll do what we need to do to make sure our guests and crew are safe. liz: i find the move in your stock even just over the past year absolutely stunning. this increase year-over-year -- [laughter] has been unbelievable, more than 100%. and yet at the same time, 7, 8% of your float is shorted by the bears. they're getting crushed by this 135% move, and yet they still don't believe in you.

what would you say to minute who's out this saying this thing isn't going to recover? i mean, you're already well into a recovery. how do you hold it and builden to it? >> i -- build on it? >> i think our brands are doing the right thing. we are focused across the commercial space on building demand and understanding who our markets are, who our brands are in that market, how they differentiate themselves not from other cruise lines, but in the vacation market. and then we deliver. we deliver onboard amazing experiences that keep people repeating, and we're casting our net wider to get more first-timers on. we've been very successful at that. so we see nothing but green arrows going up, and we think we have the plans to prove that out. liz: i remember in the olden days when somebody wanted to make a call, it was a ship to shore, you had to go to a potential office on the boat9 and sometimes it was crackling and it didn't work. [laughter] now you're hauling -- holland america line has struck a deal

with elon musk's starlink for connectivity. tell me about that deal and tell me why and what it does for the company and the ships and the passengers. >> yeah, absolutely. let me start by saying it's not just holland america. this is a corporate teal that cuts across all of our brands, all of our brands, nine of them across the globe, all outfitted now with starlink. which is game-changing. we have the ability to deliver enhanced bandwidth, enhanced experiences for our guests which gives us more revenue opportunities, it's better for our crew, it's better for our onboard system, so this is a win all around. and all we see is potential upside from there as new players come into the market and our technology allows us to take advantage of all of it. because we'll need all of it. liz: it is good to see you, josh, and good to have good news about the company that a struggled so mightily just a couple years ago. thank you. >> thank you very much, liz. take care. liz: you too. paramount may be serious about selling or, but charlie

gasparino isn't so sure the late party to hold a megaa georgia-media meeting with the hollywood power player is ready to do a deal. charlie breaks it next. movie studios right now including comcast, disney, netflix, paramount and warper brothers discovery, it's a mixed picture, but paramount and warner brothers are both down anywhere from 2 22% to #. 88% for warner brothers $1.8% -- 911.8% for -- 1.8% for warner brothers. we are coming right back. ved hu. with the money i saved, i started a dog walking business. oh. [dog barks] no it's just a bunny! only pay for what you need. ♪liberty. liberty. liberty. liberty.♪

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goli, taste your goals. ♪. liz: we showed you right before we went to the break the chairs of paramount and warner brothers discovery are not exactly muscling higher after reports stated warner brothers discovery ceo david zaslav was in talks to buy paramount. that burst on to the headlines yesterday. charlie gasparino was the first to report the deal rumors swirling around pair aremont but is it warner brothers discovery? >> let's unpack this a little bit. they're shopping themselves to everybody. bobby kotick, activision blizzard guy is looking at it. skybridge?

liz: skybridge is scaramucci. >> ellison's firm. liz: sky dance. >> sky dance. they have a lot of money. red bird capital is looking at it. clearly david zaslav has seen the books, okay. there is no doubt they sat down him and bakish, that is what they all do. the question is, is there deal talks going on now? no, there is not. does zaslav want to buy the whole thing? i'm told no. he is looking at essentially what i reported the other day here is shari redstone's stake in national amusements translates a steak into paramount which is two billion dollars, holding the controlling shares of paramount through national amusements as opposed to paying a premium on a 10 billion-dollar asset, market cap which is paramount. that is what i hear the conversations are looking at. i hear they're are not deal talks.

he is not, zaslav is not in the room with lawyers right now locked down, doing a deal. that's what i'm told. now, will this change? depends who you talk to. i, from what i understand about zaslav, he likes some of the properties. he, now he has done a really good job by the way in fixing up warner, warner brothers discovery. he whacked out $12 billion worth of debt. they still have 40 billion. he whacked out a lot of deal debt, cash flow, free cash flow, five billion dollars. stock is not doing good, maybe not today, it has been doing well off its lows. he has room to run. he can buy some stuff. the question does he wants to buy this? can he buy it now? listen, let's put rich greenfield owes quote is up. that is says it all. will it happen? he is one of the best out there. this is bull blank, it has zero

chance it is happening. nobody is buying this thing for the next six months because major cable distribution deals are expiring. so, i don't think it's happening. i think, you know what i think? i think paramount is leaking this stuff. liz: to gin up interest? >> here's the thing -- liz: it is not working. the stock is down 2%. >> people saying it is not going to happen. i put out a tweet. we put out a report on foxbusiness.com, you can see it, throwing some shade on this. here's the thing, liz, she needs to sell. paramount reminds me of i was at "newsweek" it was a great magazine back in 2003, 2004, but when you had the disintermediation of the print industry, weakest part of that industry were the news magazines. they were the first to go with the advertising declines. that is what paramount is, a

weakest player in this whole media thing. everybody is facing this stuff. cord cutting, streaming losing money. by the way comcast lost $3 billion in streaming. disney loses billions. it is just unbelievable. they're the weakest player. so she has to sell. now the question is, how much money is she going to get, what is she going to sell? her stake? if she sells her stake is it one billion or two billion? she probably wants two. two billion i thought chairry shari redstone is daughter of the great media mogul, two billion is not compared to elon musk worth 250 billion. she has to sell. her programing is problematic. she is losing money. negative cash flow. s&p has them on watch for downgrade into junk. that's why you're seeing a lot of this stuff. liz: charlie, we'll be watching

it as you are, thank you very much. >> now probably this weekend i will probably write david zaslav, buys paramount. it could happen, just caveat emptor. liz: thank you, charlie, very much. we have just under five minutes to go before the closing bell rings. we're very close to session highs, a gain of 316 points for the dow jones industrials. it still doesn't erase a loss of more than 450 points yesterday. pretty good. s&p is up 1%. 47 points higher. nasdaq at session highs. a gain of 185 points. that is 1.25% move to the upside here. by the way we're minutes away from nike earnings after the bell, one of the last big names to report earnings for the quarter. analysts are looking for 84-cent per share on revenue of $13.43 billion. the stock has made an impressive run, this quarter alone gaining 27%. let's make it 28 at the moment.

goldman sachs naming nike as one of its top apparel picks for 2024. there is always a but when it comes to our countdown closers they think differently. they look ahead. they don't want to buy too high. but our "countdown" closer has his eye on sort of different athletic retailer, has strong momentum in the year, tactic advisor eddie griffin. you like lulu. lulu ain't exactly cheap. you like it more than nike. why? >> i love lulu. we look over the last two years and i've been doing reviews with clients, we're going to have a recession, oh, interest rates are so high, interest rates are low and all these things are happening yet my clients continue to buy lulu. they continue to wear lulu to their appointments. i'm buying it too. we've seen a lot of momentum behind the stock recently. we've seen it gain traction. we don't like lulu over the next three months. we like it over the next 10 years. just because of that cultish

like following that it has, because they continue to deliver, honestly because they deliver a good product that lasts. those are some of the reasons we really lean into lulu right now, heading into the year and just ongoing also. liz: i get it but i look at gap which owns athleta similar to lululemon although lulu has the excitement around it. you're saying buying for the last 10 years. lulu is up 59% this year. nike is up just about four% this year. in a way you're really buying at a, certainly a 52-week high. so talk to me about what you see in the next 10 years that would maybe double this? >> well i think it is one of those things we could have had the same conversation about nvidia six months ago, right? everyone nvidia is too high. no way it is going to run. obviously there is a maybe a

little bit of differential there because a.i. and everything, most say nvidia is too high. we shouldn't buy it. we saw a surge of momentum behind it, saw a meet or i can high and it exploded higher. one thing we learned specifically over the last three to five years, covid, algorithmic trading happening, when you have wind behind the sails in a stock you don't run from it anymore. maybe you're trimming profits here if you owned lulu for the last six months. liz: okay. >> i don't think it is anything to run away from long term or short term honestly. liz: we have 50 seconds left. right now we're looking at a nice rally for a moment. the dow up 323 points, followed by the s&p and nasdaq also in the green. yesterday was a weird day. we were falling just as much if not more. do you think this rally has more room to run in the early part of 2024?

>> i think so. i don't think there is a whole lot of reason to run from the rally at this point. i feel we have rational exuberance around the appearance after fed pivot. obviously if the fed is right that will be great for the markets in the first half of the year. but if they have to backpeddle that will not be good. the other scenario, what if they see something broken under the surface now, that is happening, that unfolds end of q1 next year we could see markets pull back pretty dramatically. we're hoping for that goldilocks. we're hoping that everything is the way we want it to be but reality i'm not buying it yet. liz: all right. >> next year is more about diversification of trade management. [closing bell rings] >> this year was concentration and -- liz: our thanks to eddie gifford. much appreciated. points founder brian kelley. ♪. larry: hello, folks, welcome to "kudlow,"