but here's what japan has over us, they live a whole lot longer than we do. in fact, our age, we have been dying sooner than any organized, any oecd country in the world. and on top of that, our birthrate has been moving side waist. so here's what i'm saying -- sideways. i don't know how we do it in this climate where young folks are being encouraged not to have children, but at some point we are going to have to pick up our birthrate, and we're going to have to figure out a way how to live longer if we want to become and stay, rather, the preeminent nation in the world. it doesn't feel like something we have to do overnight, but this kind of stuff creeps up on you. japan is going to go from 130 million people to 80 million people, and there's nothing they can do about it. lauren simonetti in for liz claman. over to you. lauren: happy new year, charles. good to see you. we have a fox market alert for you. we might have a rally on our hands. the dow is higher and the s&p is trying to get into the green and

stay there for the first time the whole with year. but what we call the santa claus rally, it did not materialize this year. the 7-day trading period which actually ended yesterday resulted in the s&p 500 falling nine-tenths of 11%. nonetheless -- 1%. the s&p could come into positive territory any second now, and if you take a look at the dow, up 119 points, it could hit a record. that number to watch is a gain of 285 points. maybe santa can get back on the sleigh. take a look at apple, focuses. it -- folks. it dipped again following its second downgrade this week alone. piper sandler cutting the iphone maker from neutral to overweight and cutting the price target by $15 to $205 a share on worries of waning demand for its products, particularly the iphone which is half plus of all of its revenue. and you have walgreens boots

alliance sitting at the bottom of all the major averages after the pharmacy chain nearly halved its dividend payout in a bid to preserve cash. the 48% dividend cut to 25 crents a share -- cents a share has investors selling the stock. it's down just about 7%, and this decline is wiping out more than $2 billion in walgreens value. and treasury yields are drifting higher as data showed companies ramped up their hiring last month. the 10-year is at 3.99%. does it get back to 4%? traders will turn their attention to the december jobs report, and that's out tomorrow morning. that will gauge the fed's next move if on interest rates. with all this, let's get to the floor show. joining us now is global investment strategy -- [inaudible] and hen onand walsh asset management president kevin -- [inaudible] gentlemen, good to see both of you. simian, do you think scan that a claus is going to -- santa claus is going to find his sleigh

again? look, we're all hungover because the champagne was pouring last year. is this dry january or is it as january goes, so goes the year? >> what you said a second ago, all ideas on the fed. i think too many eyes are on the fed. chair powell said something really important a couple months ago. he said that longer term interest rates are now appropriately behaving separate from fed policy. so that's, remember, that's the way the world worked before quantitative easing and then quantitative tightening. so that's part one. part two is that stock prices are driven by longer term interest rates, not the fed funds rate. now here's part three. the rally's probably oaf. two plus two is four is the long-term average of the 10-year treasury. that's 2% inflation, 2% real, the break even's at 2.2% aisle not surprised we're giving back a little, but my guess is range bound on the 10-year and range

bound around pe multiple. lauren: whoa. do you agree, kevin? is the rally over? >> i believed that the santa claus rally did come this year, it just came a little bit earlier, lauren. this year santa claus wasn't wearing a red hat, didn't have a beard but, rather, was wearing glasses and a pin streep suit. that -- pinstripe suit. once investors came to the realization we were with at the end of the rate hike cycle in november, you got a rally. we got an extension in december due to a fear of missing out on the next leg up in this rally, but my overall macro theme for 2024 is an expansion of the rally or a rally of the rest, if you will, going beyond just those seven large cap technology names that a powered 60% of the total return of the s&p 500 in 2023. but that that rally will likely not come til the second half of the year. once the fed starts cutting rates presuming, of course, that

inflation continues to moderate. lauren: okay, you know, simian, a lot was said just there, and i was look at the fed funds futures, right? after jay powcialg after the minutes came out yesterday, they went from an 86% chanceover a cut happening in march to, there you have it, a 65% chance of a cut happening in march. this stuff changes all the time. a low -- lot of people say, who cares? however in the fed if can cuts in 2024, they're likely not hiking crates. -- rates. so you have that and an election year which is typically good for the market. why can't we have another strong rally? >> first, it's got to come from earnings. lauren: next week. >> if you're in line with the notion that pe multiples are going to be range bounding, it's got to come from the earnings. we're looking at the 493 and saying what was left behind for no reason and what was left behind for a good reason are. for us, we're looking at folks that showed up with earnings

growth in an earnings recession the last 18 months. the s&p 500 dividend aristocrats have been growing earning, and they've been left behind from a market per specific, so we think that's an opportunity. i think you have to look at the 493 and you have to say what was left behind for good fundamental reasons are, because there are companies that just didn't do that well, but there are companies that had earnings, cash flow and all those things and just were left behind because it was such a narrow rally. lauren: and then there's apple, kevin. i mean, what a terrible start to the week. first barclays, now piper sandler cutting their estimates on this stock. is there no momentum anymore for apple to continue to grow? has it matured? i suppose that's my best question. i was listening to an interview with the analyst at piper who downgraded apple, and he said, yeah, the iphone is just old and boring at this point. i don't think that's what any if tech company wants to hear. >> no.

and i don't think apple is old or boring. and i think one of those analysts downgraded their price target by just $1, so we have to keep this in pair spective. perspective. any further weakness in apple you could also look at a potential buying opportunity. and, again request, those mag magnificent seven stocks will likely lead us through and out of this economic slowdown that the fed is forecasting to talk place over the next three years. but i would also ask investors to look beyond those magnificent seven, look at some of the more revolutionary providers of technology, and i don't just mean a. i'll. i also mean to look at areas such as cybersecurity. the glue that holds the -- lauren: so what are your picks, kevin? what are your picks for this year? >> sure. some of the picks we like include crowdstrike, cyber ark a, we also like some defense names recognizing the increase in defense spending that's going to take place whether you look at lockheed martin, northrop grumman, those are the areas that we see growth

opportunities. but recognize you need to look at quality names are with strong balance sheets to help navigate through this economic slowdown period that's upcoming. lauren: kevin, i just want to use what you just said about those defense names to tease what we have coming up later e in the show. the defense stocks did a whole bunch of nothing, and then october 7th happened, yes, you were on to something. simian, your picks for '24? >> one group of folks that may have found some coal in their stocking were covered call strategies last year. i think a lot of people forgot you gave up upside. the monthly cover call index was up only 11% last year, the s&p was up 26. look to strategies. we just launched i spy that focuses on the new strategy of daily covered call rating, and that's a prudent way. so prudent ways to generate income, i think, will be very important in 2024 as those 5% money markets go away. lauren: thank you so much for the time, gentlemen.

appreciate it. >> happy new year. lauren: happy new year. >> happy new year. lauren: well, the mag enough isn't seven powering much of the old year, but will these tech titans like apple, tesla, nvidia are, meta, amazon and others drive the nasdaq to an all-time high in 2024? top tech analyst mac mahaney if share -- mark mahaney shared his view right after this. and let's show you the roundhouse magnificent seven etf, it's up more than 9% in just the past three months. "claman countdown" is coming right back. ♪ liberty mutual customized my car insurance and i saved hundreds. that's great. i know, i've bee telling everyone. baby: liberty. oh! baby: liberty.

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lauren: three trading sessions in to 2024, and the nasdaq 10 tt year, is kicking off this new year down over 3%. a big part of this fall is a major dip in apple. the stock was down 3.6% yesterday. down more than 5% so far this week. it's down 1% at 182.34. obviously, apple is part of the magnificent 7 that we like to talk about, and that has propelled the nasdaq to its best annual performance since 2020. but with the new year comes new names, and ever core isi's research head mark hama haney has his new mixes for -- picks for this year. good to see you. >> good to see you too, lauren. lauren: we've done apple, i want to do amazon with you. you're giving it a $19 5 price

target. i believe the stock's at 145 now. why? and are you worried about tiktok now kind of coming in a bigger way on amazon's turf with tiktok shop? they want $17 billion in u.s. e-commerce if sales on tiktok this year. >> yeah. yeah. but there's always competitive risk with amazon. temu, shein, you know, we've had i chinese retailers, tiktok is kind of trying to create a shopping platform too. by the way, so was facebook p. and google too. all of these companies are trying to get after the e-commerce market. i think amazon has this incredible advantage. its logistics advantage and your ability to go on to amazon increasingly and be able to get something shipped to you same day, same night overnight? none of those other competitors can do anything like that. anyway, i think the moats around

amazon are pretty big. the reason i like the stock even though it had really nice outperformance last year is because of aws. i think the cloud business is what's going to accelerate. look, if it doesn't accelerate, this stock doesn't work. but i think it will accelerate, these gen-a.i. workloads are going to start powering growth at aws. that's why i like the business. they've shown a heck of a lot of leverage or profits out of their retail business. i think you're going to have the record margins in their retail business and record free cash flow margins as well. lauren: mark, you're right. i was with at one of their innovation centers in boston, and it's basically an a.i. center. it is robot afro bot, experiment after experiment. it's doing these things you can't even imagine. artificial intelligence and the cloud powering amazon which is powering their e-commerce. all right, you say it's going to

195. talk to me about meta. i know mark zuckerberg did sell some shares. did that shake your confidence at all, or do you think that's just, you know, just selling shares because he wanted to? >> i don't know the motive behind his selling of shares. i like melt that. it's our -- meta. it's our number three pifnlgt amazon, expedia and then meta. it was up 190% last year, how could one possibly like it more? well, it's the valuation. it still trades at, like, 18 times earn, which is right in line with the market. that's fine. however, i think meta gives you premium growth to the market. i think they're going to do mid teens revenue growth with some margin expansion because there is a much greater permanent focus on costs at meta under zuckerberg. i think he really had a turning of the page. and they're the also buying back a heck of a lot of their stock too. so you put that together, you've got an asset that i think can grow for the next three years,

earnings at 20-25%. so it should trade at a premium to the market. and i think they also still have these undermonetized assets. and my if favorite -- my favorite asset is whatsapp which is a messaging platform that really dominates -- too strong of a word, but has a broad presence particularly in southeast asia, latin america, and facebook's got this wonderful asset that's been barely thinly monetized to date, but they're starting to tick up. that's one of the reasons i really like meta here. new cost discipline in place at the company and still got some untapped revenue drivers. lauren: number two, expedia, my apologies. why is this? >> that's all right. this is probably my most contrarian call. i haven't had a buy on expedia in, i don't know, a decade or something like that. although i've covered it since its i -- ipo. i think that was even after the clash song, that took me back to

the '70s. but you've got three companies, expedia, booking.com, air bn if b, they all generate a lot of cash, buy back a lot of the stock, high margin business, they're just great. their growth rates for the first time i think ever are going to converge this year, similar top-line growth rates, but there's expedia at 14 times earnings and airbnb at 30 times earnings and booking at 20 times earn earnings. i'll buy some expedia. lauren and then i was shocked when you look at you don't have uber on your list. you had -- >> no, i don't. lauren: -- doordash instead. i couldn't figure this one out. >> yes. this was a change for me. look, i like uber, it's still a buy nurse. i think they're going to generate -- buy for us. we've had a lot of great value catalysts that have already come for uber. they finally turned profitable, they got added to the s&p 500. i think everybody expects them to start buying back stock this

quarter, so there are kind of fewer value catalysts out will there. now i've got doordash. doordash's valuation has become much more reasonable, and now i think they're just about to hit their profitability inflection point. i think they're going to start generating gap operating income profits, and they're going to start scaling them. people criticize these companies for not being profitable, but they're early stage. they can scale into their profits, and when they do, there's this real nice gap up in the stock when that happens. go back 18 months, that's what happened to uber. if you had bought it before it hit that profitability inflection point and rode it for a year, year and a half, you'd have had a great return are. my pitch is you're going to do the same thing with doordash. lauren: i just can't get onboard with the fees. they're posh tax. and then the tipping. mark mahaney, appreciate you. >> thanks, lauren. lauren: well, it's being referred to as the list, and if you're a celebrity, politician or businessman, you do not want to be on this one. we're going to get the names who

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lauren: all right, we have a fox business alert. peloton is partnering with tiktok to create a workout content hub. the arrangement will create hashtag tiktok fitness where peloton's content will be available on the short form video a platform. videos will include live peloton classes -- i wonder if they can be shorter? -- original instructor series and celebrity collaborations. stock up just about 15%. peloton, do you remember can when that was a $170 stock? it's at 6.16 right now p. that's it, folks. eli lilly launching a web site that will let customers if get pralso have the option, get this, for home delivery of the products. the service is called lilly direct. it will be available for patients with diabetes and migraines as well. the web site will connect

patients to providers who can also serve as an alternative to in-person care for certain conditions. of course, lilly just launched its own beastie drug, shares -- obesity drug, shares completely flat. yeti is down today after its rating was cut from buy to hold. the wall street firm said the yeti rival stanley is proving to be a much tougher than expected competitor. did raise its price target by $1 to $50, yeti is down today by 2.5%, trading at $46 a share. the energy if company apa has agreed to buy callen petroleum in an all-stock swap deal valued at about $4.5 billion. that does include debt. apa said it would issue just over one share for each share of callen. this transaction comes on the heels of the spawt of energy deals in the perm if january basin. you have exxon buying pioneer natural resources, chevron

buying hess. look at the reaction today. you have apa down 7 but callen up 3.5%. my opinion here is this is a consolidation around u.s. energy because of all the conflicts in the mulled east. well, from hollywood a-listers to the white house, the lift has been exposed. after 900 pages of previously redacted court documents were unsealed yesterday, they're the result of a lawsuit by one of his victims. more than 150 people were connected to jeffrey epstein including former president bill clinton, duke of york prince if andrew, the late king of pop michael jackson and even the professor, stephen hawking. we go life to lydia with hu in the newsroom. she has the details for us. lydia where, good to see you. what exactly is in these documents? >> reporter: hey, lauren. these documents are shedding new

light on stunning details about jeffrey epstein's relationships. several of the people named were already known to be inside of epstein's orbit. you named some of them, former presidents bill clinton and donald trump, neither of whom are accused of wrongdoing. also prince andrew was named. he settled claims with epstein accuser virginia geoffrey in 2022. famed physicist stephen hawking and entertainer david copperfield were included. this showing the scope of epstein's star-power network. an epstein accuser said copperfield once performed magic tricks at a dinner and allegedly asked her whether she was aware that, quote, girls were getting paid to find other girls. cop orfield has not been accused of any wrongdoing here. and hawking's name is written in a 2015 e-mail written to ghislaine maxwell who is serving

a 20-year seasons. epstein suggests maxwell offer a reward to any of accuser giuffre's friends and family who could help disprove allegations relating to an alleged encounter involving hawking and a, quote, clinton dinner. now, hawking died in 2018, but this raises questions about what a exactly happened with hawking, and it shows how epstein and maxwell possibly worked together to counter accusations from accusers. now, respect to former president bill clinton, another epstein accuser alleges that epstein said, quote, clinton likes them young, referring to girls. a clinton spokesperson maintains the former president knew nothing of epstein's crimes, never went to epstein's island, but they acknowledge he flew on epstein's plane four times. they did not object to the release of these records. being listed on these records not evidence of wrongdoing. we do have our eye on the court docket today because with more

records could be released. we're going to stay on that. lauren: and it gives us a peek further into the world of a sex fiend. lydia hu, thank you. well, fears that the israel-hamas war could spill into a wider regional con applicant growing or -- conflict growing as the memorial service for an israeli -- assassinated general is bombed. how the battles in gaza and ukraine play out. let's take a look at the s&p 500 leaderboard today. the s&p is higher, and it could close higher for the first time all year. it's led by epan systems, carnival, collar general -- dollar general. they got a nice upgrade today. meanwhile, the dow jones industrial average up 77 points. "claman countdown" coming right back. ♪ ♪ and i'm still working. in the kind of work that i do,

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lauren: breaking news from washington, department of defense press secretary ryder just finished his first press briefing of this new year as some experts are becoming really worried that the conflict in the middle east will explode into a wider regional war. there is a lot to get to. there was another houthi missile attack on a ship in the red sea today. the u.s. and allies issuing their final warning to the houthis to stop these attacks on global trade. meanwhile, israel pulling some brigades from gaza as they shift to the next stage of rooting out hamas terrorists. and isis, isis is taking credit for a bombing of an iranian memorial service that killed 84 people and injured more than 200. and iraq is now condemning the u.s. for carrying out a targeted trone strike in baghdad. this is a lot to get to. jennifer griffin is live at the pentagon. jennifer, if you can first start

with the details on that strike? >> reporter: absolutely, lauren. major general pat ryder just spoke to us here at the pentagon, and u.s. officials say this was a precision drone strike on a vehicle carrying a leader of an iraqi shiite military group responsible for planning attacks on u.s. forces in iraq and syria. it's the first targeted killing of an iranian proxy leader by u.s. forces since those forces began carrying out more than 120 instances of drone and attempted rocket strikes on u.s. bases in the region. >> this was a necessary and proportionate action against this particular individual who was person personally involved in the planning and execution of attacks against american personnel. >> reporter: there have been 25 attacks by iranian-backed houthi forces in yemen targeting merchant vessels in the red sea and gulf of aden. the u.s. navy if has shot down 61 houthi drones and missiles

since november 18th. today an alarming new development, according to the head of the u.s. navy's 5th fleet vice admiral cooper, the houthis -- which blew up in a busy international shipping lane. >> it's of concern. the houthis' reckless attacks have continued, as you know, and there are no signs that their irresponsible behavior is abating. >> reporter: a senior administration official says the houthis have been given their last warning to stop attacking international ships in the red sea. on tuesday u.s. navy's 5th fleet commander vice admiral brad cooper visited the uss carney and presented combat medals to five sailors for their exceptional performance when the aroundship -- warship shut down 14 one-way attack drones on december 16th in the red sea 6789 the entire crew also received the combat action

ribbon. the houthis are still holding the galaxy leader of bermuda's flag ship which it took hostage on november 19th with a crew from the philippines, bulgaria, mexico and romania. president biden called a meeting of his national security team on new year's day to decide how to respond to the houthis. iraq's prime minister condemned today's airstrike which targeted a senior member of the popular are mobilization forces which falls under the iraqi security force saying it violated the u.s. status of forces agreement. the pentagon says he was a leader of an iranian proxy, and it was self-defense. lauren? lauren: jennifer griffin, thank you. that was a lot to cover. and while the u.s. inches closer towards military action against the houthis, the biden administration continues to invest in defense technology. the white house just announced plans to give $162 million in grants to a company called mic cochip technology. it special specializes in making chips in cars but also in

defense technology. this follows a $35 million grant for bae systems which also works in the defense sector. as the white house invests more heavily into defense funds, vcs have invested nearly $100 billion into defense tech. that's roughly 40% more than the previous seven years combined. so how should you go about investing in the defense sector? joining us now is the cofounder and the general manager of snow point ventures, doug phillipone and also the head of defense at palantir, so quite an impressive resumé, ask and we thank you for talking to us. jennifer griffin laid out what is a hotbed that is the middle east right now. and we're just talking about the middle east. i'm leaving out europe and leaving out china right now. and we're seeing this alignment, iran and russia, versus the

west. the west has an opportunity and a responsibility to respond and to invest. how do you see it? >> well, thanks for having me. you know, i think that we are all benefiting when the west is the hegemon in the world and particularly the u.s. you know, i've tried my hard to take my life journey in helping us be prepared, and so, you know, when you talk about the white house response, it's actually what we're trying to specialize at with snow point, this idea of dual purpose technology that both applies to the commercial sector, but it can also help the defense community in particular. i mean, unfortunately, we're at the time where just like you mentioned, you know, between all the attacks in israel, the usa, you know, where we're getting hit by the houthis there's been, you know, the strikes in lebanon as well as iran and so forth, there's a lot of chaos out there. and you'll see that there's

significant demand out there, and there's a huge logistics tail where very exquisite, expensive systems are unaffordable, and we have to inevent new systems that are cheaper but get the job done. lauren: like what? >> well, to give you an idea, one of the reasons why you see russia is now partnering with iran and north korea is because they have a logistics tail where they have to field these missiles and drone can systems. so in the u.s. if you think of right now there's, like, a $730 billion backlog for all the defense primes to just supply existing orders. and and so from what we're doing at snowpoint, the idea is how can we make simpler, faster systems. so function ifal a.i. is an area we're looking at. if you think of one of our company, shield a. i'll, makes fully awe town mouse a.i. pilots. the ages of f-35 jets, they're

just too expensive. both with the assistant secretary of defense and the secretary of defense, they're looking at a replicator, also this wingman program with the air force where you can field autonomous aircraft that fly along with f-35s or f-16s where you can bring mass and precision to our forces in an affordable way. so you can meet this -- lauren: so how would a regular investor get involved in any of these names? and i want to say that by pulling up the big publicly-traded defense stocks like, let's say, northrup gum man. since october 7th, the terrorist attack in israel, raitt i don't think soar for instance, is up 23% since then, lockheed up 16%. how do you play some of the other names? >> well, look, i mean, my field is venture, and so that's getting into companies that are early on and and then, you know, the idea that you have an exit through acquisition or, you know, on the path of some of my companies on the path to ipo in

the next year or so. so it's a little bit. those are for, like, accredited investors and so forth. lauren: right. >> as we go forward, these things, the current systems are just with unaffordable. and so even in the united states where we have if largest -- the largest defense budget in the world by a long shot, the only way that they can innovate, like these large primes are going if to be forced to go into m&a type systems to keep growing and raising their revenue and be relevant, to be clear. my job is to sort of force that system to work, build things that are affordable that work better, faster, cheaper and keep those creative juices going. lausch lauer as it seems like the world is watching mostly the middle east right now and also ukraine to an extent, are we missing something? are we missing something that could potentially happen in the taiwan straits, for instance? are we too distracted? >> well, look, i mean, i continue to believe that north

korea, iran, china and russia are all working together. i mean, you're seeing this from, you know, cooperation agreements, china a is paying for it. they're e staying one level behind the screens, so they're, in my opinion, they're authorizing these things, they're paying for it. they're, like, helping russia avoid the sanctions, helping iran avoid the sanctions and so forth, and then they're all supplying each other with weapons systems to keep all of this chaos going. and so, you know, the thing to watch is if the world is continuing -- i mean, iran just put a ship in the red sea. that terrifies me. so if you think of the more attention that's going to be moving towards those areas, i would continue to watch the taiwan straits. i mean, it's just, it's the ton avoidable. this is a classic trick. lauren: you just said iran just put a ship in the red sea and that terrifies me. right? that's what you just said? >> it does. lauren: and jennifer griffin told us there were how many? 25 attacks on merchant vessels

in the red sea since november alone. and here we are, like i said, it's a hotbed, and everybody's worried that this conflict widens. doug, thanks for the expertise. we appreciate it. >> thank you. lauren: the battle over dei landing at the offices of the billionaire bill ackman. charlie gasparino has details on ackman's attacks on higher education as reverend al sharpton gives his views on diversity. charlie breaks it next. "claman countdown "coming right back. ♪ lants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day.

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♪. >> reverend al sharpton today protesting in front of offices in new york city of billionaire bill ackman. the pershing square capital founder has been a vocal leader in this movement to remove harvard president claudine gay from her position. ackman following up her resignation that came yesterday, 4,000 word essay calling diverse, equity, inclusion policies racist. he tweeted this on x, the e for equity in dei is about equality of out come, not equality of opportunity. dei is racist because reverse

racism is racism even if it is against white people. and it is remarkable that i even need to point this out. racism against white people has become considered acceptable by many not to be racism or alternatively it is deemed acceptable racism. well this is of course absurd. it has become the prevailing view in many universities around the country. well-said. charlie gasparino joins you now. charlie what do you think? >> i know al sharpton pretty well. i know bill ackman pretty well. lauren? and? >> i hope bill ackman doesn't buckle. al sharpton is rabble-rouser. he has been attacking corporate america for years. he often gets his way. he will have stuff in front of his every day. this is like his modus operandi. 20 years ago there was a white storekeeper in harlem. he ran a business called

freddies. you know i covered it tangentially at the time. he was, there was some sort of dispute about freddy's, al sharpton protested. called the, the white store owner a white interloper. couple days later someone lit that store on fire. i believe someone died. this is this is al sharpton's modus operandi. it is playing down and dirty and the question really is, for me now is, you know, the country has changed a lot. i mean there is, i'm writing a whole book about this. it is called go woke, go broke. it will come out this time year hopefully. got to finish the manuscript and it is basically done and there is a sea change right now. al sharpton doesn't scare corporate america as much because most americans despise dei. they despise wokeness.

they despites his racial politics. it might play well a little bit in new york but it doesn't play well everywhere else. you know bill ackman i think, if he fights back and you know, he is offered to sit down and talk to al sharpton. i think that is the first mistake. you don't talk to a guy, you don't negotiate with terrorists, that is the first part. but, you know, he should basically just, you know, take the high road and keep explaining why dei is so disgusting. think of it this way. if there was, i mean claudine gay in many ways is sort of a poster-child for dei and why it's so bad. i work with many, many, many, qualified black people. you know she is just, she is suggesting because she is so patently unqualified, she runs a major university that all these qualified black people got the job for the same reasons because of their color of their skin. it is horrible. it is disgusting. lauren: i feel like many people

are ignoring the fact the penn president liz macgill, who is white resigns, with claudine gay, what about the near 50 allegations of plagiarism? that is -- besides the anti-semitism comments. >> ma gill was never accused of problems with her scholarship. the stupid, disgusting stuff she allowed on campus. lauren: it is okay because she was white. >> i don't care if claudine gay put quotation marks around her quote, unquote, scholarly research, the fact she allowed anti-semitism and took the school insofar a left direction is why she would go. that being said, al sharpton has done this all the time. if you've been in new york stitt you know his modus on randy. it is time we told al sharpton to pound sand. lauren: that is not happening. >> it is happening more and

more. i think bill ackman knows he is on the side of right on this one. we'll see. lauren: charlie, we'll look forward to the book. the dow is trying to hang on to gains for the day. it is up just 26 points right now but the s&p is down, down 15 points. the nasdaq is down by1. it is actually the nasdaq's fifth down day. we need a winning day of the year. jobs report for tomorrow, maybe that will do it for us, give it to us, right now it is not looking so good. investors are pulling the plug on electric vehicle maker fiskar. the stock is down to $46 a share. fiskar is ditching direct to consumer sales and moving to a dealership model and to help drive car sales and boost deliveries as well. our "countdown closer" has another auto and industrial name that could benefit from having more cars at the actual dealership.

joining me miramar capital cofounder max wasserman. thanks for joining us. >> thank you. lauren: which car name do you like? >> it is after market, replacement parts for the automotive industry. general parts corporation. they supply the nap at that send percent. they supply 11,000 napa centers. pay a dividend. they do it for me segment of the market. they basically own the centers and sell to the business dealers. for cars being held longer, the average age are 12 years. people are paying 1100, 1300 a year keeping cars longer and because interest rates are higher, more expensive. so they take them in to get them repaired. general parts should benefit from the age of the fleet, more miles being driven and the fact people need their car repaired. lauren: yep. randomly, max, are you hearing it is more expensive to repair an electric vehicle? >> well it depends because

people have not held the electric vehicles long enough to know about the longer term expenses. a lot are still under warranties. a lot of people are leasing the cars. replacement of the batteries are very expensive. they can be anywhere from 10 to $15,000. for electric cars i think people got too optimistic. the combustion engine will be here for a while. people have to afford to buy the new cars. they are very expensive. again they're keeping these cars longer. average age is 12 years. where will you take them to get it repaired? lauren: just to underline that -- >> auto loans -- lauren: to underline what you're saying, ford and gm overall sales numbers, 3% of total sales were for evs from the auto companies. >> yes. lauren: move on to general dynamics. why? >> it is defense. your previous guest was talking about it. we see a lot of uncertainty in the world. general dynamics 20% of their business gulf stream, the

private planes, that is growing. on the defense side they're nuke clearly submarines, abrams tanks, stryker systems we know demand in europe. we see what is going on in the middle east, what is happening with asia. you see it with china antijuan. the world is very unstable right now. i believe it will get worse. general dynamics is a tremendous company. pay a 2.2% dividend. it is roughly growing 8% a year. we're dividend investor and look for companies with a good history. they are trading around $256 a share. we think there is more up side. we with 20% of their business gulf stream with more people flying they will take advantage of their jets. [closing bell rings] liz: max, thank you very much. the bells are ringing. that will do it for us. "kudlow" is next ♪ larry: hello