tv The Claman Countdown FOX Business January 9, 2024 3:00pm-4:00pm EST
3:00 pm
alumni association in the wake of the october 7th attacks, and harvard's response to the protests that were erupting on campus, you know, and he he says really the students have to be front and center thinking about how to create codes of conduct that protect all students on campus. i can tell you when they're considering claudine gay, 600 candidates were considered, so probably seen many -- cheryl: but yet she had a resumé. the plagiarism allegations that have come out after that and in particular her lack of experience. it is harvard corporation, okay? that is what needs to be the focus. and it's not about the students. i think that's a great point, lydia. thank you very much. great report from you. that's it from me. and, liz claman, take it away. liz: i sure will, cheryl. thank you so much. you've heard the expression the future is now? when it comes to the tech that a our viewers have been introduced to and adopted other the years and what they're going to rush out to buy, all roads go through ces. we are live at central hall at
3:01 pm
the las vegas convention center where two hours ago the doors to the greatest consumer tech show on earth flew open. but unlike the detroit a toe show or boat shows -- auto show or boat shows or art shows, the only way to get in is to be a registered attendee. do not worry, you get to hitch a free ride in. it is a biggie this year, guys. 2.6 million square feet of exhibition space of fresh new technology. some of it is going to take off, some of it e e will blow your mind, and some of it e is actually going to end up in a dead end or a bin. mind-boggling technology displays inside. you've heard about the sphere? we're about to to take you right up to it and detail why the tech crowd is so gob smacked by i. but first, breaking market news. just a day after the bulls stampeded to gains, we are looking at a selloff driven in great part by technology. let's get to it because, as you see, the nasdaq has absolutely
3:02 pm
come back from its lows. we've got the dow jones industrials down 177, the s&p lower by 7. again, just 24 hours after in this hour we saw the big rally. and then, of course, you see the nasdaq gaining 17 points after having fallen about 127. so the bears threw some pun s at the dow right after the open -- punchings. the blue chips are still in the penalty box but much of what you see at the moment, down 179 points, has to do with boeing. and we are getting breaking news right now. the faa just announced that every single boeing 737 max 9 that had a plug door -- that became the real problem with alaska airlines, because it blasted off mid flight. every single one of those tapes of planeses will be -- types of planes as -- will be grounded. looking at boeing at the moment, it's interesting because it's down 1%.
3:03 pm
it's all the session lows. it traded as a low as $223. it's at $226 right now. a panel knew off an alaska airlines' 737 max 9 plane that had left are portland, oregon, at night no less forcing a dramatic emergency landing. and are there you see that rectangular-sized hole in the aircraft. over the past 48 hours since boeing began to trade, it has lost more than 9. now, the nasdaq -- 9%. nasdaq is a big story here. the composite is coming off its best day since november when it gained 2.22% yesterday. all things big tech drove. that now, right now we've seen a bit of recovery here, and some of that has to do with nvidia which just touched a record high. nvidia's market cap touching $1.13 trillion. so the chipmaker yesterday right here in las vegas unveiled new
3:04 pm
desktop processers that wholly take advantage of artificial intelligence, a.i. and that is a major theme. we're going to be talking all things semiconductors with the ceo of the company whose chip architecture is in almost every tech gadget and phone on planet earth including nvidia chips. yes. e nay has of arm first on fox business right here at the consumer electron ughs show. but first, to the floor show on this tuesday. we've got trader scott bauer. scott, let's gets to it here. what do you see as the price action compared to yesterday? these 2-day charts are pretty stung. big pop yesterday and, of course, plummeting today. >> absolutely. and, liz, i still think the equity markets are so closely tied to what's going on in the bond markets and interest rates. and, you know, you see the 10-year, the most closely watched kind of barometer that's out there, you see the so --
3:05 pm
10-year taking back over 4% today. that's probably got a little bit of a spook into the market. but, you know what? as we've come off those lows, it's almost one of those things where, okay, the market is saying, you know what? this is not so bad. maybe it's just a big, round number. but you know what? i really think that the messaging coming -- which started weeks ago with the fomc minutes -- the messaging from the fed has been so confusing. and, you know, i kind of liken it to almost a bait and switch. liz: i know. >> if you will. we heard the most dovish jerome powell a few weeks ago. and ever since then almost every fed official up until today as wells has kind of come out and, you know, walked that back. so i think that's what's giving, you know, some trepidation into the marketplace if. liz: you talk about key inflation data. we're getting the consumer price index, that very important cpi number on thursday for the month
3:06 pm
of december, scott. and, i mean, if markets are nervous today, why weren't they nervous yesterday? i mean, you look at finish. >> exactly. liz: -- opportunities here, the cpi estimate is going to be 3.2%, you know, at that rate year-over-year, core. that eliminates the food and energy which we all use, but for some reason the fed doesn't like to look at those prices. should be -- >> doesn't fit the narrative. liz: exactly, exactly. but let's talk about some names here. you look at crowdstrike, illumina, palo alto networks, a lot of cybersecurity names. >> exactly. liz: you have unity. unity software. unity is, of course, the platform that helps gamers or create their games. this one's pretty scary. it's a big drop today. let's talk about the news and why you actually see an opportunity here. >> isoo do see an opportunity here. they made an announcement after the close last night that they were laying off or letting go
3:07 pm
20% of their -- 25% of their work force. that is something that actually has been in the works for a while. nobody wants to see employees laid off, right? we don't want to see that. but for me, when i look at this stock, what they bring to the table both from a fundamental and technical standpoint, the 33, $34 area, to me, is such a huge buy area. so i look at this, again, i don't want to minimize what happened to 5% of the pork -- 25% of the work force, but from a tradable standpoint, i look at this one and say, boy, there's a lot of upside here because they just, you know, people need this product. this product is for gamers, and that, as we know that sector is just exploding. liz: well, people love it here. i've got to tell you, lots of game orers here at ces looking at the hottest new technology. vr headsets. we've got htc vibe coming up, they have a headset that is much
3:08 pm
less expensive than the apple vision. we'll get to much more of that coming up because we'll be speaking to htc vibe, and you'll see how exactly -- this thing is so cool. scott balker my thanks to you.. -- bauer, my thanks to you. take a look at shares of sphere entertainment. the company behind the hottest new entertainment venue not just in vegas, but in the world. three weeks ago, morgan stanley hiked its price target from $26 to $30. it's already blown through, past that. we're at $33.61. after a loss of, yeah, it was pretty significant loss here, millions of dollars in the quarter. now, when team countdown arrived in vegas last night for ces, our first stop not the neon lights of the strip, but the gigantic show-stopper of an electronics spectacle you can see for miles into the nevada if desert. watch. this gigantic globe that right
3:09 pm
now looks like a tetris screen is the sphere. it's kind of like the high roller suite of consumer technology. it's 366 feet tall and 516 feet wide. it's the entertainment venue that has the tech world speechless. the concerts on the inside, not to mention the advertisements on the outside, this summer the nba summer league transformed it into the world's biggest basketball. and it all comes courtesy of the one of a kind screen wrapping its exoskeleton. that's the real marvel. it makes fire fireworks look at admit terry as -- glittery as the real thing. it's the world's largest and highest resolution screen. 580,000 square feet of led display made up of 1 million lights each around the size of a hockey puck. and the shimmering stripes of
3:10 pm
morphing into old glory, yes, that's breathtaking. but the soundtrack should be o, canada. both the outside and inside screens made by canadian tech company seiko. and in this new era where tech consumers are obsessed with immersive sound even from tiny little ear buds, the audio of the sphere comes court courtesy of a berlin company. the sonic experience is software-driven by delivered -- but delivered via 167,000 speakers placed everywhere in the venue. they use beam forming and wave field synthesis that can be pumped along with scent and wind through seats and floorboards. the sphere debuted last july via a sweet hello world message that dissolved into a huge, unblinking eyeball. you can get an eye-watering view by simply riding the vegas monorail. but the new hot nighttime activity is parking garage surfing for the best view of the sphere.
3:11 pm
right now we are at the encore parking garage at the very top, and look at this unbelievable view of this morphing orb. it's incredible. or you can turn your late night claying for -- craving for french fries into a viewing party. this parking lot is a mcdonald's on paradise road is lusted in all of the blogs and on tiktok as one of the best places to get sort of a street view of the sphere. [laughter] that's actually dr. strange on there. you look at your hotel window and you see dr. strange the right there. make no mistake, we are going to show you a whole host of screens. but the one samsung just debuted to kick off ces is sucking the oxygen out of the las vegas convention center. we are about to show you the transparent if tv, the micro led. we're going to untether ourselves from what's known as the broadcast tower here, and what we're going to do is we are going to move up to the senior
3:12 pm
vice president of samsung electronics america waiting this to show is us that screen and the bali, the rolling a.i. home companion that tech vlogs cannot get enough of. it's a digital butler. it's not going to carry your -- [laughter] it's not going to carry your groceries, unfortunately. it's just a little ball. but everybody here's talking about it. we've got samsung's ceo here to show it to you live. >> and in the past 52 weeks, bitcoin has gone from 17,000 to $47,000. right now slowly below that as the crypto world is waiting on government approval of a spot bitcoin etf. there are 9 crypto tech -- 19 crypto tech company educate -- exhibiting here. heir going to want to hear what you want to hear, and that's what charlie gasparino's got, when the sec will finally let the spot etf funds run. we're live from ces 2024 in las
3:13 pm
3:14 pm
the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com ♪ unnecessary action hero! ♪ -missing punches? -unnecessary! -check reversals? -unnecessary! -time sheet corrections? -unnecessary! -unentered sick time? -unnecessary! -go! -unnecessary! -go! -unnecessary! -when you can take this phone, you'll be ready.
3:15 pm
-make the unnecessary, unnecessary. let your employees do their own payroll. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones
3:16 pm
hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner.
3:17 pm
i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ♪ [inaudible conversations] liz: i told you we'd untether ourselves. we're on the floor of the las vegas convention center, live at c everything s 2024. one of the biggest booths off the more than 4100 exhibiters here from all over the world is samsung. and you can see huge crowds all around. their earnings, latest earnings not as bright as their tv screens that everybody's come to see, certainly. the tech giant just announced that it is expecting 2.1 billion in operating profit for the fourth quarter of 2023, so that may sound good, but that would
3:18 pm
be a 35% drop from the same period a year ago. but they're also bracing for about a 5% dip in sale. finish but maybe what they're debuting here at ces will haul in some revenue. come on over. this is -- look, the red sea is -- well, not the red sea, but it's parting here. we're working through the crowds and we are going to something that debuted right here. just the other day. as the doors open. it's called the micro e led. it is a transparent it's the -- television. and this is james fishler -- >> hey, liz. liz: the head of home entertainment for samsung. i cannot wait to see this because everybody, all the vloggers when you unveiled it were blown away. let's walk up to it, you tell me about it. >> absolutely. this is our transparent micro led. we announced it two days ago. the first one in the world and the only one in the world. no one else has this technology. we've had micro led in the
3:19 pm
industry for a number of years. now it's transparent. it looks like a piece of glass when it's off, and the mini micro l everything ds eliminate all the teams -- seams and light refraction. liz: okay. so can i call an audible here? i want to go over -- >> i can go over. liz: can we do this? i want our camera crew -- i'm so sorry. let's go in here. so, guys, i don't know how this is translating, but it's glass. it's see-through glass. so you can see the fish tank behind it, and and then you see up here the actual fish. so i'm putting my hand there so you can get aen sense, but you can see right through it. james, how does it receive channels and broadcasts and things like that? >> the box is separate than the tv just like our high end -- where most of the electron ecs in a stand-alone box. we've produced a projector at well, that is the first wireless transmission. so i'm not going to see any
3:20 pm
wires like at my house. >> seamless integration. this is just the first application. imagine where this can go. the applications. it could be in vending machines, it could be in cars, right? clearly, in your home in any size or shape that you want. liz: you know your competitor lg says they've also come out with a transparent television. how is yours different and more innovative? >> so it's interesting. samsung's been number one in the industry for 18 years in a row. we make up about 40 percent of the u.s. tv business. i love competition, so i think the more people that are innovating, the consumer benefits, and it makes everybody raise their game. liz: well, both south korean companies. and, by the way, south korea has 15,000 attendees here. 15,000 registered attendees. i mean, you guys are at the forefront -- fore front. i know you're us baaed in jerse. they are tough. i want to know about the theme, a.i. for all. is this a.i.-enabled? >> absolutely.
3:21 pm
in this booth, this is the home experience for samsung, right in and we're talking about a.i. we're talking about smart things which is our app in connectivity to bring phones, appliances, tvs together. seamlessly, wirelessly and easy. liz: is there a price on this? if how much is this going to set me back? like a ferrari? enter so this is what's great this year, one of the themes you hear us talk about is screens for all, right? so from the smallest portable projector that has everything built in to something like this, we have screens for all. liz: okay. but the price of a transparent micro le dtv. >> we have a qr cold. you can go to samsung.com and be the first one to hear when we announce this and -- or when we announce shipping, and right now you can even get a special offer. liz: okay. if you have teenagers, they cannot play hockey in the house. what is this made of really quick? >> transparent micro led is, it looks like a piece of transparent glass. liz: this is just stunning, and it is the hot thing.
3:22 pm
all right, the bally. we promised to show it -- >> ah, let's go. follow me. liz: here we go, here we go. where are the -- >> we're going to go right here. liz: they can let people come in. it's okay, we don't need -- >> you guys can let people come through, it's okay. will. liz: we're holding back people. i feel guilty. so let's talk about this. it is an a.i.-en abled home robot, right? >> it is. i call it my friend. i think samsung's calling it your a.i. companion. it's here behind me on the screen. you'll see a yellow ball. it is an a.i. companion. lit it learns your habits, it learns -- it learns your habits. it learns your habits, right? it learns all your devices in your house. it'll turn on your lights, your oven, those kinds of things the most important thing is it screens for all. it has two projectors in it. imagine you're watching tv and
3:23 pm
you want to work out, you tell it turn on the projector, it finds the wall on its own and proprojects a whole new image. biz. liz: we've been checking everything, so we like to get the feel. how much is that? >> we haven't announced the price, but two to samsung.com and be the first to know. liz: i do want to go through the crowd so we can show you. hey, everybody. we're just charging through here. samsung is always one of the most crowded because people are dying to see these screens. and they love to see what's ham. but before i go, i want to show you an amazing product called the nuanced audio. and it's what the cto, ceo, gary shapiro -- you know, the consumer technology hobbyist firm that puts op all of this, gary shapiro e told us about on friday's show. basically, it's made by rayban and oakley. and -- oh, here it is. ah, here it is. okay, so here it is, and it's
3:24 pm
got -- this is for the aging of america. trust me, we're all getting older e. it's got hearing aids built right into the glasses. 1.2 billion people on the planet have mild to moderate hearing loss. so this is the exact kind of product that could very well become way more adopted more quickly than, say, something like the bally with. i don't know, but it's available in the forty quarter of this -- fourth quarter of this year, and the cost significantly less than the regular hearing aids that a lot of you, i know, have to have. all right, here we go. that's the combo. dow jones industrials down 176 points. much more straight ahead from ces 2024. we are live here, if we are going to show you vr headsets. please stay tuned for the arm ceo. that company is at the heart of just about every gadget on floor. ♪ ♪
3:25 pm
you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too.
3:26 pm
jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection, ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪
3:29 pm
♪ liz: okay, we've now moved to an area for a company called sk. what they do is they do all kinds of fuel cell technologies batteries. and, yes, sustainability. you know, when you can get a sense of what the trends are by looking at press releases and see how many mentions of certain things like vr headsets and a.i.
3:30 pm
sustainability, huge last year. not so big this year. but here at the sk area, you want to see? this is the globe can. they call it the wonder globe, and it's 6 meters. it's like a little mini sphere. and they're just trying to show all different aspects of turning what is an interesting world into actually, you know, something that achieves net zero greenhouse gas emissions. global consumer electronics market, folks, this is a $723 billion industry. by 2023 it is expected to be $1.26 trillion trillion. let me just show you here, this is a first, never seen a little train coming through that we have here at sk, and it's powered by high e do general fuel cells. -- hydrogen fuel cells. it's carbon-cutting technology. people are still talking about it. and it goes through that tunnel, and the tunnel must be so exciting because the train the
3:31 pm
hasn't come back yet. anyway, all right. now, i've got to go to ashley webster. ashley, you've got the latest on individual stock stories, but a lot going on here, and everything's publicly traded. ashley: i tell you what, liz, no better person to take us new the convention floor. i could watch it all afternoon. thank you so much, liz. let's get to the stocks that we want to tell you act. activist investor elliot investment taking a stake in match group, elliot has built a position worth roughly $1 billion in the on line dating app's site. first priority, apparently, will be to reverse the decline of paying users on its tinder app. right now the match stock up 2.33%. illumina rising today after beating analyst estimates for fourth quarter revenue. the gene sequencing company also says it expects full-year sales to beat investors' forecasts. the company took a hit in november when they predicted revenue would drop 2-3% this
3:32 pm
year, but the stock today up nearly 5%. bank of america securities cutting its rating on jetblue from neutral to underperformance, also cutting its price target in half from $6 to $3. the investment firm says it expects a rough time ahead for the domestic airline industry and is worried about the airline's planned acquisition of spirit airlines if it gets regulatory approval. the new york-based carrier also announcing that ceo robin hayes will step down and be replaced by joanna garrity, a longtime jetblue executive and the airline's current president. the stock, jetblue, as you can see down 10.5% at $5 or thereabouts. all right, coming up next, don't go away, liz, of course, live at ces 2024 with a virtual reality check. she's going to tell us what one vr headset company is doing to launch a surgical strike on big name competitors like apple and meta.
3:33 pm
"the claman countdown" coming right back live from las vegas. ♪ ♪ finish 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. how many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. (man) what if all i do for my type 2 diabetes isn't enough? or what if... (vo) once-weekly mounjaro could help. mounjaro helps your body regulate blood sugar and can help you eat less food. 3 out of 4 people reached an a1c of less than 7%. plus people lost up to 25 pounds.
3:34 pm
mounjaro is not for people with type 1 diabetes or children. don't take mounjaro if you're allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. stop mounjaro and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. serious side effects may include pancreatitis and gallbladder problems. taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. tell your doctor if you're nursing, pregnant, or plan to be. side effects include nausea, vomiting, and diarrhea, which can cause dehydration and may worsen kidney problems. (man) i can do diabetes differently with mounjaro. (vo) ask your doctor about once-weekly mounjaro. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech.
3:38 pm
♪ liz: welcome back to the floor of ces 2024 in las vegas, the biggest tech show on earth. dow jones industrials down 191 points right now. apple, dow component, famously boycotts ces every year. they do their own thing. you guys know that because we coffer that, e tensively are. but maybe apple should actually think twice. look at the stock right now. stock is down nearly 5% over the past two weeks shaving $124 billion off its market cap. anemia ific sales numbers for its newer iphones are making some investors nervous. certainly some analysts, and then the analysts tell the
3:39 pm
investors who then sell the stock. but apple is always doing something a little kind of edgy, trying to front-run ces, and here's what they did with their rollout of their headset, their vr headset, the vision pro -- although they're now knocking the word pro off of it. apple has announced that its vision will officially launch in u.s. stores ask online february 2nd. but it's going to gun taking -- begin taking preorders friday, january 19th. this long-awaited headset is going to set consumers back $3,500. finish but here comes the competition. consumer technology giant htc vibes is the company that has been well entrenched in vr headsets and gaming, you know, those consumer entertainment aspects of it. but they're potentially well, well involved now in pushing forward into what could be a much bigger revenue stream, and that is the enterprise world business, right?
3:40 pm
adidas, gull gati, surgeons -- bull gati, and the -- but gati have strapped these things on. most importantly, it helps them train for the real thing for real world scenarios, but you get all kinds of sensors that are put on your body so you can feel heat if you're a fire fiegd fighter, wind if you a surgeon, all kinds of different experiences so that it's almost hike the real thing and much less expensive than actual training facilities. i am joined by htc vive's president of the americas dan o'brien. all right, let's see it and, by the way, much less expensive than apple's. tell me about it. >> right. this is an all in one headset. it is a lot lighter and a lot less expensive. it is only $1300. with this headset, you can actually see the real world. you don't just have to have a virtual environment. and this is being used by
3:41 pm
surgeons, medical teams, training teams all over the place. liz: let's talk about the surgical aspect of it because, again, we're talking enterprise and opportunity in that regard. but surgery, we've got some very cool video where surgeons can train but not on the real thing. so you don't need a cadaver? >> that's right. liz: tell me how that works. >> we're seeing this with yale medical school, with the land gone hospital in new york with nyu. surgical students can train over and over again, and they can get through their surgeries on an average about 29% faster and make 6 times fewer errors. this is massive for patient outcomes overall. so over and over again we can actually train our medical professions whether they're nurses or surgeons, doctors to just operate better. liz: astronauts. the european if space agency, esa, had one of these up there in the space station. >> that's right. liz: with a danish astronaut, and they're using it for exercise now? >> so they're using it for two
3:42 pm
things. command or or morganson actually is using it for mental health because it's rigorous and strassel in -- finish strasselful in that the -- stressful in that environment, and also for a 30-minute exercise section. it's being used in a zero or micro-gravity environment. these headsets need gravity to work, but htc makes it work. liz: a company called flaim was partnered with, i don't know, hike a third generation firefighter in the united states. and you put on the sensors on the body, correct? >> that's right. liz: so they can actually feel the heat. and it costs much less than when they build actual training facilities that they then have to burn down for $300,000. >> that's right. you can actually take down your straining costs by 85% -- training costs by 85% and increase your speed of training by over 400%. liz: dan, let's show it one more time. it's very light.
3:43 pm
how much does it weigh? >> about 80 grams. liz: you still have them for gaming, etc. >> that's right. we still participate in the gaming world. very active in that space, very, very successful. liz: again. htc ci -- vive. headsets, very much a trendful we're going to walk over here though. we're going old school. remember pinball machines? oh, my god, i have to show you stern pinball is updating the pinball machine to something absolutely fascinating here. it's got a new game. hello, jaws. we recognize bruce, the shark, and, of course, i didn't -- [laughter] -- quint. remember? full-sized model here. basically, it modernizes the pinball gaming to 2024 insider-connected world. so here it is, jaws with. what's old is new again. i know some of my viewers were first in the movie theater to see that one. >> all right, when we come back, from the hollywood classic to much more straight ahead, we are
3:44 pm
looking very much at the future of all technology. and here we go, we've got arm's ceo, renee has. plus, charlie gasparino is coming up too -- rene haas. he's got breaking news on that bitcoin spot etf. markets have now turned entirely red. look at the nasdaq. if we can punch that up. the nasdaq did make a go of it coming back into positiver the noir -- territory. it's not going to happen now. down about 11 points at the moment. dow jones industrials down 192. arm's ceo rene haas first on fox business, up next. ♪ ♪ 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.
3:45 pm
with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com nice to meet ya. my name is david. i've been a pharmacist for 44 years. when i have customers come in and ask for something for memory, i recommend prevagen. number one, because it's safe and effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. at stores everywhere without a prescription. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything.
3:47 pm
3:48 pm
eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you.
3:49 pm
liz: there are a good number of crypto companies demoing here and exhibiting here their technology at ces 2024, but they are way more worried about what's happening in washington, d.c., right? i mean, we have arrived on the eve of the sec's deadline to approve or deny a spot bitcoin etf, and there are a whole bunch of application that big companies have put in, blackrock, ark, you name it. it's just unbelievable, how long people have waited for this,
3:50 pm
investors want it. it is, certainly, an investment product of tomorrow. let's get right to charlie gasparino. charlie, you know, issuers are actually going on the record now saying what at this moment? >> well, they're saying what we reported on "the claman countdown" numerous times over the last two weeks, that they believe -- you know, they said it on background to us, but they're saying, i guess, there are a few going public. they said this thing was going to get approved, it was going to get approved by tomorrow, by wednesday, january 10th. and it would be the first spot bitcoin etf to be traded on exchanges. a huge milestone in the crypto industry. i always preface this stuff, and i've prefaced it in the past when we've been reporting -- again, fox business was first to report this. i know cnbc tries to take credit for its every now and then, but sorry, guys, we'll rewind the videotape. it's not a done deal til you see the press release. but i will tell you what we're
3:51 pm
hearing is blackrocking is among the ones that get approved tomorrow. you know, probably ark because they were first in line. and a bunch of others, maybe all of them. i kind of think several won't get approved or a couple of them because they still had, the sec sent back their mix for fine tuning. -- their applications for fine tuning. there's going to be a bunch tomorrow and then maybe some after that. i will say this, liz, it's a big day, tomorrow's approval. thursday, from what we understand, will be trading. and the question is, you know, what does this mean for the crypto market? if i think so 30,000 feet it's clearly a mainstreaming of crypto. it's allowing average people because if you can buy this thing and it trades on an, change like a stock exchange, not a sam bankman-fried-like thing or a crypto exchange, something that's highly regulated, it's normalizing crypto. i guess the next question
3:52 pm
becomes, is there going to be any next, and i think that's a huge question mark. i think xrp probably won't get this. just for a lot of listens including the sec -- reasons including the sec thinks it was issued illegally or improperly, thinks it's a security. ether, 50-50 but likely because both gary gensler and past sec peeps have probably said it's not a security, it's a crypto along with bitcoin. i don't think there'll be a lot of other ones at least not initially because of the sec skepticism about this. again, big day tomorrow, approval. thursday, trade. be interesting to see what happens with bitcoin. does it trade up or down in sometimes -- you know, it had a wild runup, but maybe sometimes you sell on the news, and tomorrow will be pretty big news. again, liz, not -- liz: exactly. >> gary gensler hates bitcoin, so who knows? at least they're telling us it's done. there you go. liz: yeah.
3:53 pm
it's like the second coming. we're still waiting for the messiah of this bitcoin etf. we shall see. charlie, keep us posted. and, by the way, tomorrow cathie wood of ark, she wants to come on "the claman countdown." is that a signal she knows something? maybe not, maybe she's just being optimist if ebb, but she is -- optimistic, but she is somebody that everybody's talked about as getting that first approval. closing bell ringing in about 9 minutes. markets are down right now. the 10-year treasury yielding above 4 president. markets coming down -- 4%. not the lows of the session as yields go up. treasury auction ahead tomorrow, so we need to keep a focus on that. not to forget that thursday we've got that inflation number, cpi for december. that really could gyrate the markets. all right, take a look at what's behind me. this is a london company called hypervision, and they create cutting edge holograms, okay? this is, like, one of the themes, i'm moving all kinds of
3:54 pm
stanchions. sorry. don't kill me for that. this is an absolute hold -- hologram. i know it might not translate -- oh, i can't touch it! no touch. [laughter] that was a close call. what happened? well, what is that screen that it's the screen is absolutely transparent. you can see they can put anything on there. all right, that said, none of this technology really works that well without semiconductors and the semiconductor design company arm, ceo rene haas first on fox business. you guys are just in about everything in here, aren't you? >> we are. i would challenge you, liz, to find anything on this show floor in some way, shape or form doesn't have arm inside. liz: everything you think? >> i would say a good portion to be honest with you. liz: what is the most cutting-edge you've seen this first day at ces?
3:55 pm
>> oh, my gosh. the pac-man was pretty cool. the hologram. check out auto. liz: we have mercedes tomorrow. >> my friend has amazing stereo infotainment, electric vehicle with automatic driving unbelievably. liz: you don't have a booth. you perp me eight everything. >> this is our booth. every with you walk around ces is anter. liz: talk about the theme. vr, all sort of other hardware takes a back seat, at least a quick back seat. a.i., you're saying you're and i eye company. that is a bold statement. >> think about it, liz. a.i. is everywhere. 70% of the world ate population uses arm in some way, shape or form so all that data is passing through arm by definition of course you're an a.i. company. you can't run a.i. without arm. liz: a.i. is a very big thing. you're talking about all the hardware enabled there.
3:56 pm
for example, we're looking at you know, these holograms. they have to be a.i. enabled in everything, not to mention that but you have a.i. running on smartphones. >> yeah. liz: what is the next evolution beyond that? >> so i think pcs will be very interesting area but i also think automobiles are really going to be the killer a.i. application. you already got as, automatic driving but think about taking a.i. to automobiles, using it in terms of how to make cars smarter. for example, today, when you see a hua see a way mow or cruise vehicles with data, teaching how they are to drive. going forward that will all be simulated. a.i. will be able to generate does las vegas look like at 12: 55 tuesday afternoon at ces. generate that without the camera work and immediately build it into an a.i. model.
3:57 pm
i think cars are a huge place. liz: i want to talk about some of the announcements, nvidia blasted out ces 24 with discussion about a new chip, g-4 rtx series. they have been one of your original sort of supporters, when you ipod back in september they were one of the companies that were investing. >> nvidia is an amazing partner to arm. talk about a.i., their super chip, grace hopper, is most advanced chip you can have on. loaded with the nvidia gpu hopper where they're a great partner for us. liz: well, sure, what segment are you seeing the largest demand for your chips that's the architecture upon which everyone from advanced micro devices to nvidia to intel build upon and customize? >> we're seeing a digitization of everything. i know that sounds like commonplace phrase but
3:58 pm
smartphones, pcs, security cameras, automobiles, the cloud, training, compute, everything is moving through more and more compute, more and more a.i. which is more and more running on arm. liz: can you pin you down on client demand? >> sure. liz: what does it look like now compared to this time last year? >> i think the smartphone market had a big inventory issue i feel like worked itself out. i think we're back to a normal type of cycle. i think pc's as well. it is early in january. hard to tell where the overall markets are going but certainly in terms of client devices i think the i think the worst is behind us. liz: let me bring it back to the ipo. september, boy that was the biggest ipo in two years. it was a big one. your stock has actually done quite well since then. it is up 20% since the ipo. what do you want to say to shareholders about the near future demand? >> what i spend most of my time on, the beauty of what arm does,
3:59 pm
liz, we're canaries in the coal mine around technology. we're working on stuff that will be at ces in 20826 and 2027. liz: really? >> we're so excited where the future is going. you need power efficiency and more compute and more a.i. i'm thrilled with the ipo and i think next three or four years will be exciting with arm. liz: great to have you on. have a great ces. >> thank you, liz. happy new year. liz: arm ceo. two minutes to close left closing bell rings. we have breaking news, alaska air making announcement it has canceled roughly 109 flights for tomorrow alone due to the situation with the 737-9 max grounding. of course you had that plugged door blew off on the flight from portland just the other day and need less to say it has become a issue. alaska air group is falling 1.25%. boeing makes the jets.
4:00 pm
boeing has been in the red all day long. we're watching that developing story. all right dow jones industrials down 164 points. we're coming up on the closing bell. we're back here at ces tomorrow. we're moving locations. this team is ambitious. you heard rene haas talking about autos? we are on it. exclusive interview with mercedes-benz and we'll talk about that, with qualcomm's ceo. he have has a big thing on stage and i'm doing it with him. we'll do that. cathie wood on the potential for the bitcoin spot etf. [closing bell rings] liz: that will do it for us. nasdaq is holding on to gains. everything else in the red ♪. larry: hello folks, welcome to "kudlow," i'm larry kudlow. former president trump in court today in washington, d.c., arguing that he has presidential immunity in all
94 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on