capitalism make capitalism more vulnerable and says something unique. >> he thinks we're in the end stages of capitalism and tech no futilism is taking over and they're saying like a futile landlord is giving back-to-back in the labor in the digital spear whether it's in the marketplace and using plat for the purposes and giving day fade pattern or services to these tech, big tech. charles: rubicon doing anything about that and going in terms of the fact that we exist in the physical world but in some ways we're even more valuable in the digital user data amalgamation we are online and going forward, this tech no futilism is something to contend with. >> do the same, charles.

kelly o grady and i'm in for liz claman and one story going for the verge of setting its seventh record of the year all while an american citizen hostage is confirmed dead. the 70-year-old mother of four and grandmother of seven was murdered by hamas on october 7, her husband was also killed in those deadly terror attacks and there's still six other americans being held hostage as the war in gaza turns exceptionally bloody in the south. israel warning iranen-backed militias they could be the targets of military and hezbollah or lebanon or houthi rebels don't cease. fearsare not scaring investors away and santa claus rally inching higher as the dow aims for second consecutive record close and any gain is going to do the trick and look at that, we're up over 102 points right

now. the s&p 500 just needs 15 points to set its first record of the year. it will be the s&p's first record since january 2022. if we hit that, right now we're not there but we'll keep an eye on it. nasdaq is not a record range today but it's on pace for the fifth straight update in a row. now i want to take a look at jobless claims because they rose more than expected last week to 218,000 while continuing claims they held steady at 1.875 million and that's good news for the markets because it's more evidence that could lead the fed to cut rates at some point in the new year so let us get right to the floor show. joining us is the strategic wealth partner, coo and senior wealth adviser and great hail capital chairman thomas hayes. gentlemen, thank you both for being here on this holiday week. tom, i want to start with you. the majority of the s&p 500 gains if we get the record here and they're coming from the

magnificent 7 and there's concern they could be overslammed and even if we are still expecting to see significant profit increase come earning season and i want to get your take and should we, will we see some profit taking in the market as we head into the new year? >> well, kelly, thanks for having me. the market has come a long way in a short period of time and based on recent bias, people saying we must correct 5 or 10% in the first quarter and it would be natural to get consolidation for or volatility and i wouldn't get too cute with it. baa isically we've had zero percent gains in the s&p for over two years and consolidating side w ways and difficult to she up new highs and the opportunity, kelly, will be in the relative value. in a presidential year, the average return for s&p 50 is about 11.28% since 1928 and

magnificent 7 with the large caps is doing less well last year than they did this year and the opportunity is going to be in small and mid caps and we took trading at about 14 times next year's earnings and versus the large caps which are trading next year's earnings. kelly: keeper game with the election year and all those eyes on 2024 and curious for the profit taking and the going to bring you in and under these performers and mag 7, 2023, let's look at some of the stocks that could be winners here and i was looking at research from apollo and they said 72% of the s&p 500 stocks underperform this year and that's a record and you're advising folks to double country-specific on stocks like edward life sciences, medtronic, why? >> yep, i look at 2024 as the year where 2023 laggards should

outperform and 2024 if we really look at it could be a challenging year and expecting 12% earnings growth will recession and given the head winds, it make as lot of sense to be overweight defensive growth names like take ago look at medical devices and edward life science, medtronic, they've been dogs and these two stock haves a very attractive valuation and i expect them to rebound and dividend payers and lagging as well if we take a look at dividend aristocrat index and up 7.5% this year and from a risk adjusted standpoint, dividend payers and medical device companies to be providing and growth opportunities is a way to scale back some of the risk in their portfolio. kelly: medical device, that would be one space and, tom, i want to bring you in and last time we talked, you were also

bullish on mag 7, great, there's a lot of opportunity in those small and mid cap stocks. i was looking at russell 2000 and it was up over 4% in december and it looks like there's opportunity there and what are some particular stocks that you're looking at that could be good opportunities for 2024. >> small caps well off their highs and, kelly, the last time you and i were on the claman countdown together was a year ago today and talking about cooper standard, it's an auto supplier and fluid transfer solutions and saling solutions and -- sealing solutions and gm, ford, stellantis and it was up 20, 25% since we originally talked about it to the claman countdown audience in june of 2022. now, it's gone from $6.10 to $7.35 when we spoke and now it's over $20 today and despite the

fact over 200% and it's just getting started with the chip shortage now in the rear-view mirror and it's on the balance sheet and the uaw strike is in the rear-view mirror and this company is turning cash flow positive and the average car on the road is 13.5 years and we're going to edge up industry wide towards production levels that are near pre-pan temporal integration ick levels and -- pre-pandemic levels and the shares per earning ands take ago lot of cost out of business and even if you apply a trough multiple to the earnings power in the next 12-24 months and there's a lot of upside for them and pretty excited about cooper standard. kelly: it's an interesting point about 13.5 years and i've been considering trading my red

toyota donna, she's named, and certainly need to see prices move a little bit there. tony, tom was mentioning rates coming down and of course this is something that we have all been laser-focused on and the fed is saying three, the market is pricing in six and it looks like those jobless claims and i mentioned at the beginning do show some good movement and indication and the fed will cut rate this year and i'm also seeing signs that the economy is still doing well so my question to you is should the fed cut rates? is it going to be too soon? >> i would say the market is melted up from when powell came out and announce that had he's expecting three cuts next year and then the market took that information and is now pricing in six cuts. so two things can happen, you know, they don't cut at all. that would cause what i would feel that treasuries re-rate and

they probably go higher and stocks are not going to like that because they're going to have to finance debt at higher rates. or they do come out and cut and how do you cut when unemployment and inflation is relatively low. be careful when you ask for because history shows the market draw down is around 20% after the first cut. there's no reason to think this time would be any different. plus, if we start doing rate cuts, think of that as a form of stimulus and do we need more stimulus right now? now longer for hire is here to stay and looking at cuts might be the second half of the year. kelly: i like that timing of a -- framing of a potential stimulus. tom, fear the rate, cheer the rate, last word to you about 60 seconds. >> i think the market is ahead of itself with six cuts and i think the fed is behind the ball

with three cuts and we'll wind up somewhere in the middle, probably four cuts and doesn't necessarily have to be a bad thing for the market if you look at a mid cycle cutting like 1995, we had a great stock market and economy for the next four, five years and also coming out of that steep hiking cycle of vulker in the early 80s and took that off for 18 years and recent times they've cut the market and gone down when you look back a little further in history and it's a bullish thing if they do it right. kelly: we'll see who's right. tom, happy one year anniversary of our first time working together on air. tony, let's do it again next year. thank you, gentlemen. >> thanks, kelly. >> thank you. kelly: we're just four days away from 2024, and you may not be thinking about it yet, i certainly am not but tax season is going to creep up on you quicker than the ball dropping on new year's eve. the good news is that you may be able to keep more of your income all thanks to the internal revenue service and the journal

in the fax business news room and on that here. >> we're about to increase your take home pay without get ago raise and irs putting in place higher limits for income tax brackets in the new year and that means americans will be able to shield more of the income of your tax man and increasing by 5.4% and the income filers and the top tax rate as 2024 and new bracket starts at 609,350 and the reason for change is avoiding bracket creep and inflation looking at higher tax brackets and there's little purchasing power. but this year's change won't fix that problem. listen. >> all the way and what they're doing is again, they're making a one time adjustment in the fall

based off the fall cpi and even that doesn't go into effect till january and you have this lag period. >> standard deduction is changing too. rising to 29,200 up from 27,700 for married couples filing jointly and a 5.4% bump and individuals with a new max is 14,000 600 up from 13,850. now, the standard deduction of course effectively reducing the amount of income you pay your taxings on. irs increasing the thresholds for several other tax provisions including the earned income tax credit with families now eligible to receive 7830 if they have three or more qualifying children. kelly. kelly: that was a great breakdown and as you say, doesn't actually necessarily mean it's going to make up for inflation. thank you, gerri willis, live in the news room. okay, well, crypto currency is once again the star asset class of 202 is bitcoin and related

stocks and rally hard this year. but could a new bill that's making its way through the senate for cold water on the digital assets in the new year. the chamber of digital commerce tell us she's worried about the action on the hill. valkerie bitcoin minor up 3.9% and the claman countdown is coming right back. they're waiting for you. hey, do you have a second? 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. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com

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crypto-related-kelly: crypto-related stocks going down and 10% marathon and hutten

mining down 13% and even bitcoin down, crypto is the best performs asset class this year and it is up quite a bit in 2023. with the possible etf and liquid etf approval on the horizon and major legislation that could seriously hurt crypto making senate. what's in store for the bitcoin in 2024 and big question we're all asking is bringing in an expert on this base and the founder and ceo of the chamber of digital commerce. perry-ann, great to talk to you today. the digital asset anti-laundering act and bipartisan support and crackdown on the space by introducing a number of restrictions that banks traditional-backs that are use to like know your customer laws and pushback and it would destroy and what this means for

crypto. >> hey, kelly, it's great to be here. senator elizabeth warren led the american people as well as u.s. congress on multiple fronts and i want that to believe that there's an aml problem and the vast majority of illicit finance going through the financial system and legacy banking instrategies structure and not happen -- ibram frank siller structure and happening in the crypto space and every transaction is logged on the public ledger called the block chain and block chain than they do on legacy infrastructure and that's misleading claim number one from senator warren and number two is like the bill. the bill was introduced under the guides of anti-money laundering to fix the nonexistent compliance gaps and crypto and she's misled the u.s.

senate and 20% of the u.s. senate is sponsoring this bill that they think is going to address a compliance issue. but if you read the legislation, you'll quickly understand that the requirements are technically impossible to implement the block chain environment and making it illegal for u.s. persons to use the technology and effectively bans if for u.s. persons and it'll be absolutely debt remittal to our space and -- debt rem remit representl and -- debt represental and helps a sitting member and the senate ethics committee should launch a full investigation on this as well. kelly: so, perianne, one of the bills is the crypto sponsor senator marshal and explaining what the bill's purpose was and i'm going to play sound and i want you to react and it's senator roger marshal. >> senator warren and i have

authored the digital asset anti-money laundering act. it represents a step in the right direction and this is a light touch and first thing we did was go to the american bank association and said help us craft this. i don't know if you saw senator warren in a hearing with jamie dimon yesterday but mr. dimon said in his opinion, crypto is a tool for criminals. kelly: my first thought is the american bank association, they went to them to craft this legislation, they're known as being very anti-crypto. what is your thought about the fact that you have these two folks working together with something that would impact the entire industry? >> many of the 19 senate offices were shocked to understand that this bill that they signed onto banned the technology all together. this video of senator roger

marshal call it is a light touch approach and clearly he doesn't understand or he's misrepresenting how is something that's a ban a light touch and, and it was very shocking he shared publicly that was it was a bank lobby that wrote this bill. it's very important for the american people to understand that cryptocurrency as well as bitcoin is going to disrupt the $2 trillion transaction fee industry that the banks large reigns leading benefit from and it'll disrupt legacy systems and it's a fight as old as time. the taxi drivers didn't want to see uber, blockbuster, netflix, the banks don't want to see bitcoin, which is fine. but having a u.s. senator give false and misleading statements about the bill and misleading statements is serious. kelly: the stake holders what

they're motivations are and i want to push you on something and it's a space we're reporting on a bunch and enforcing action withs sam bankman-fried and his trial and two very different cases. but one of the things that people are worries about as you said earlier is potentially terrorist using this cryptocurrency and nefarious and and you mentioned that the actual transaction happening on the block shane creating a -- block chain create as level of transparency but one thing that concerns me is concerning bitcoin or crypto and maybe not bitcoin from country to another instantly and that's one of the attractive aspects of crypto and you could be transferring the lessons of crypto and one approach to money laundering to

a country and more favorable and outlook and laws if it's not this bill, in order to crack down on something like that with such different approaches globally right now. as the outlook and this industry is evolving and what should we be doing instead. >> the 19 senate offices we've met with and a lot of them are shocked to learn that crypto to sun seizure disorders exchanges are regulated as financial institutions and another misinformation and there's a ton of disinformation about the technology and about the companies working in this space. cryptocurrency trans-accounting standards boards are regulated and exchanges where you buy and sell cryptoburn seizure disorders registered -- cryptocurrency are required to have anti-money laundering programs in place, including

know your customer regulations and several years ago. this is an international standard and task force puts together anti-money laundering emme missions and it's lev reigns leading registrationlated and they're required to have compliance and programs in place and again, crypto currency doesn't have an aml problem and t not happening in the cryptospace and vast majority over 95% in the legacy system and not in new and innovative technology in bitcoin and block chain. kelly: perianne, the best way is a bag of hard cash and throw over your shoulder. thank you so much for joining us today. appreciate it. >> thanks, kelly.

kelly: big labor not playing by baseball rules in 2023 and big strikes by hollywood actors, writers didn't have outs and wins for their union and if we see more job action in 2024 when we come back. first, nasdaq auto index fund ticker ca rz with a z up 32% and more on the claman countdown is straight ahead. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

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the union. labor wins by workers at ups, amazon, starbucks, detroit big three auto and hollywood actors and writers created major waves in the economy but these wage wins could apply more pressure on consumer withs corporations coughing up the cash. kelly saberi joining us in chicago if we can expect more labor action in 2024. reporter: yeah, the spikes cost the chicago billions of dollars and half a million workers picketed in the u.s. this year with hundreds of thousands more threatening to strike and the bureau said there's 30 work stoppages of 30 or more this year and saw a 21% increase after the largest healthcare worker strike in the nation's history. meanwhile, united auto workers worn a tafanely% pay increase for over four years were 150,000

employees at ford, general mo motors and stellantis and it'll add a $900 had win for the auto maker and offset the higher productivity and lower expenses and sag aftra and writer's guilt of america and a 25% increase over three years and those contracts did not come without a cost and just the auto workers and hollywood strikes alone impacted the economy by 10.4 and 6.5 billion receiver malik taylorively. sag aftra president on this show said that corporations need to be reminded that workers matter too. >> their first instinct was to do something that was not in the best interest of anybody but themselves and then they were reminded they're not the only people in that room. kel reporter: in 2024, the unions could be elmore boldened to

strike and we'll be watching for at&t that has three contracts that apply to 32,000 workers and another 30,000 employees need a new contract in september and flight attendants are in mayor negotiations and looking at story line withs postal workers, teachers, and many more occupations. kelly. kelly: wow, that's a great point about the airline negotiations and it's definitely something we've been watching and we'll continue to. thank you, kelly saberi live in new york for us. boeing expecting newer 737 max planes for a possible loose bolt in the rutter control system and i'm flying tomorrow, say your prayers for me. aerospice giant recommending the check after international operator discovered a bolt with a missing nut and performing routine maintenance on the aircraft and federal aviation administration is monitoring the inspections and will consider taking additional action if they discover additional loose or

missing hardware. now let's take a look at microsoft that . is higher after web bush analyst dan ives raised price target on the stock from 425-450 and ives said the company is approaching its iphone moment as it starts to monetize its ai programs and remember, mississippi is already up over 55% this year alone. the program co-pilot could generate by fiscal year 2025 by over 60% of customers using the program. i want to take a look at a new jersey-based medical device company and the stock is dropping after failing to concede and down over 34% and the company's device to produce bleeding during surgery didn't need its pryor may effectiveness end point and the medical equipment end point helped in certain cases of artery bypass surgery and going for the full trial results in the next

several weeks and finally bio-firm, a company singulet up close to 132% after announcing its delisting was delayed till february and remember in november, the nasdaq decided to delist the stock being noncompliant and the adhd treatment maker requested a hearing to submit it is plan to regain that compliance that the stock is doing well and nasdaq grant that had request and taking place in february and the stock remains listed till a decision is made. so coming up, high interest rates and high prices slamming perspective home buyers with a double whammy over the last year. will 2024 show relief to those looking to achieve the american dream? i sure hope so. we've got a look at the current state of housing and moments and check the dow heat map, nike right at the top of the board, up 1.63% and 3m and merck doing well there and the claman countdown is coming right back.

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kelly: welcome back. home buyers are still sitting on the sidelines so according to the national association of realtors, the pending home sales index held steady at record low of 71.6 in november while year over year were down 5.2% but the nar predicting as mortgage rates continue taphole will spark mortgage interest rates from home buyers and the 30-year mortgage rate dropped to 6.61% and down from 6.67% a week ago compared to last year the 30-year fixed rate was 19 basis points lower and this time two years ago it was just 3.11%. will the downward trend continue? the founder and ceo berry habib

and thanu being here to break this down. let's start with rates first. we are seeing that the fed, after hiking rates and mortgage rates were going up, we're thinking they are coming down next year and saying three cuts and the market is pricing in six and see if it's somewhere in the middle and where do you think mortgage rates will be next year and is that enough to entice home buyers, potential home buyers like myself into the market? >> thank you, kelly. great to be with you. yes, absolutely rates are coming down in 2024. it's been a rough ride and you showed some previous interest rates getting to 8% and now in november when penny home sales came down and we didn't see the full effect when people were shopping for homes and i expect them to improve and especially into 2024 spring buys season and

weal is look for the fed getting more aggressive and the real key will be when will they stop quantitative tightening and that'll help the second half of 2024. the advice here is to say, hey, look, if you're on the sidelines, this may be a good time to buy and believe it or not, the hire reigns leading hire rate might be your best friend. as rates decline, for every 1% drop in interest rates, you see 5 million more people become eligible. not all will buy be if you think inventory is tight, it'll get tighting and should put upward pricing pressure on the market. if you get in now, you can refinance later and get that appreciation meanwhile. kelly: marry the house and date the rate is what you're saying in maybe back half of 2024, there'll be a lot more competition out there going for that same house so you mentioned prices and i'm glad you did. that's the other side of the

equation as rates come down, appetite increases and demand goes up, so do price. i was looking, moody's expects home prices to decline 4% by this time next year. i thought that was interesting because kay schiller this week saw the month to month increase going up and what's your thoughts on the dynamic shaping out? are we in a place if you wait to buy for that rate that you have in mind, that magic number, you're going to be priced out. >> look, moody's has been very conservative in the past and forecast and they've forecasted a lot of declines they've not materialized and this comes down to supply and demand. you might say that since rate haves gone up, fewer people are on the demand camp, but overwhelps the limited number of supply homes available and some look at new home sales and say this is a nine month supply. that's incorrect. it's nine months of air. those homes haven't been built

yet. looking at homes built under new construction, there's a 1.6 month supply of homes and the existing front, there's a tight supply of around three months and normal is 4.6 months and supply remains very, very tight. as rates come down, as i mentioned more people will buy. i disagree with the moody's forecast. in fact, our forecast for 2024 is approximately 5 president appreciatuation to the upside and in 2023 right around 7% and looks like where we'll end the year. kelly: yeah, i don't necessarily think this is what we're seeing with the data. >> many are. kelly: fair point. you mentioned supply and i think that that's really important. i want to dig in on that a bit more and one thing we talked -- you mentioned new home sales but the economisting and a bunch of folks looking to sell their home

and they're sitting on 30 year fixed at 3.5% saying why would i jumpeds at 6.1% and what's the tipping point that folks that maybe need an extra room as they expand their family get into the market? >> yeah, kelly, you named one point there, what if you have a kid and theme room for the kid. you want a backyard, garage, office because you work from home and what about people getting divorced saying, hey, honey, i'd like to get divorced but we have to stay together because rates are so high. roughly 3-8% has been a bridge and we get into an area and i think we will. we'll get low sixes and a number with a five. people make actors like when rates drop, more people sell their homes and cause prices to

go down. that's crazy. people aren't living in a tent. they're going to find another home and up demand and have more people coming in. affordability has been stretched and rates come down and incomes go up, this is the very important factor and you start to get in a more comfortable affordability position. people think if home prices went up 5%, then income haase to go up 5% or monthly payment went up 10%, income has to go. it doesn't, you use a fraction of income to qualify and house asking a good story this year. it's a good story of appreciation wisthe reasons including it you get divorced. we've seen folks in a situation with polls and whatnot out there and they're saying let's just find a way to figure this out. they don't want to go out and

get a new mortgage. thank you, barry. >> just here saving marriages. kelly: great job, fed. inflation and marriages. the ev revolution short circuiting 2023 comes to a close, will the new year bring a new spark for an auto industry rapidly moving away from the combustion engine? we'll have a live report. the global x autonomous and vehicle etf ticker driv is up 25% year-to-date and the claman countdown is coming right back. ♪ liberty mutual customized my car insurance and i saved hundreds. 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.♪ hi, i'm jason. i've lost 228 pounds on golo. ♪ changing your habits is the only way that gets you

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kelly: breaking news out of the middle east. explosions being heard in the capital city of do mass discuss in the last half hour. the state run news agency is blaming an apparent israeli airstrike. it says air defenses are activated engaging quote, enemy targets. there are no reports of damages or injuries as a result of this alleged airstrike. this is live look at the israel-gaza border. it looks quiet there. we'll keep an eye on early reports. these are just reports. we'll give you any details as soon as we can. defense stocks right now all in the green. you sealock sealock heed martin

up half a percent. a chinese cell phone giant unleashed the latest invention. it is not even a phone. this is the sue 7, it can go zero to 60 under three seconds. that is as fast as tesla's model s played. it has a range of 500 miles. people have a lot of range anxiety. that is a good one there. chinese companies are expanding ev capabilities. car companies in the u.s. are mitting speed bumps when it comes to electric vehicles. jeff flock with the details in illinois. jeff. >> reporter: rain falling in the ev world as well as right here in the chicago suburbs. this is ev go fast charging station. maybe you see a couple of chevy

bolts being juiced up. you mentioned the chinese, here in the u.s., tesla has been the biggest suv, ev maker in the world. well the chinese company, byd is about to overtake them. that is what experts tell us. byd makes vehicles, only sell them in china. do not sell them in the u.s. they do make cheaper vehicles than we do here in the u.s. but that's not the only problem facing evs. take a look at this. reliability surveys done by "consumer reports" find evs in the last model year had 79% more problems than conventional vehicles. curiously enough, hybrids with both electric battery and nice engine had 26% fewer problems. that doesn't make sense but that's what they found. the other one holding on to value. depreciation, trucks, hybrids suvs, evs, evs came out far

the worst, losing half their value the last five years. the rest doing better than that. why is that? we talked to ic cars.com. carl has one possible answer. >> if there is 7500 incentive on vehicle, msrp is $50,000, it is 42,500-dollar vehicle before you even purchased it. the current market conditions added on top of this because we hit this kind of inflection point where people are not as interested in buying these cars, at least not at the level they're available. >> reporter: brower says the price cuts tesla took over the past year also brought values down. tesla by the way, kelly, under fire from couple senators, blumenthal, markey, both democrats saying tesla should recall some vehicles. there are reports that tesla knew about problems, safety problems and hid it from the

government. the senators say they need to make a recall right now. there you go, tesla under fire on multiple fronts but there you go. the rain continues to fall here both in the suburbs as well as on the ev front. kelly: i like what you did there, jeff, braving the rhine for us. jeff flock live in illinois. thank you for that report. many investors prepared all year for a recession that didn't happen. part of that preparation was pouring cash into money market funds. people invest $1.7 trillion into money market funds hoping to cash in on attractive high yields. going into 2024 our "countdown closer" is expecting a mass exodus out of these funds and he was suggestions where to put it. i got to ask you, i know a lot of folks went money marketing markets.

why? >> there was $6 trillion in money markets that was attractive by the high yields. we believe these yield investors have to go somewhere for the yield. i think the focus will be high quality companies, high quality businesses that also pay a very attractive dividend. i think that will be a recurring theme into the markets going into 2024. kelly: so i want to follow up on that. if investors are looking for 5% return which they got in a money market fund there are a couple you're interested in dividendwise. mcdonald es, exxon. mcdonald's 2.7% return, exxon 4.7%. why do you think folks will switch to that? will, is it because the fed cuts rates and that will be more attractive? >> absolutely. when the fed cuts rates, people will search for yields. we have calls from clients also focused on that. a lot of bonds are maturing so they will be looking for yields.

we do feel with rates getting cut the market will have a tailwind going into 2024. along with the capital appreciation. along with the dividends i think these folks are going to gravitate towards these companies. you mentioned mcdonald's. we think that is fantastic business with recurring franchise revenues coming in and they raised their dividends for the past 47 years every year, year-over-year. kelly: you also real quick, caterpillar is one you're interested in. it is currently hovering around a 52-week high. do you think there is still room to grow here? >> we think the breadth in the market will improve, right? with rates getting cut there will be more construction projects happening. caterpillar is the largest construction equipment manufacturer in the world. we feel it will benefit for that. we feel in 2024 it will have room to grow up. is another company the past 30 years year-over-year they

increased their dividends. this is a stock we like to watch. kelly: that is an interesting perspective. i think a lot of folks are looking to where to put their money. they're looking for highs in the stock market. do i get? the money market, dividend picks, specific ones are good. we'll watch mcdonald's exxon and caterpillar. we didn't get time to get to it, you're hot on amazon. it ice ma g7. that is interesting one. next time we have you on we'll get to that thank you for your time today. we appreciate it. >> thank you. kelly: drop the confetti, two straight record closes for the dow. s&p 500 coming short of the record for the year. [closing bell rings] nasdaq snaps a four-day winning streak. the dow closes 60 points up. that is another record. that will do it for "the claman countdown." "kudlow" is next. ♪. david: hello, folks, welcome to a special edition of "kudlow," i'm david asman in