tv The Claman Countdown FOX Business January 10, 2024 3:00pm-4:00pm EST
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charles: that's my point. do you think ultimately the u.s. government will say, okay, no one is using our dollars anymore. we're okay with everyone using bitcoin? >> well, here in the united states, bitcoin is protected as free coach. code is protected as free speech and has gone all the way to the supreme court. this would be, we would win that battle if that ever became the choice of action. charles: well, you may recollect me feel a lot better every time you're on the show. listen, i know it sounds infurious but it's hard because the promise you laid out of bitcoin and crypto so amazing and people agree that it's hard for me to believe governments won't push back. congratulations, you played a mayor role in all this -- major role. congratulations. we have to go to cbs because liz claman is there covering all the hot stuff going on. liz: okay, but the hot stuff,
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charles, is the breaking news. we've got to get it to you. can we put up a bitcoin chart inter-day. look at live trading of bitcoin and a moment ago, they post that had ark invest and multiple other companies applied for spot coin etfs and all breaking and now listed as ready to trade starting tomorrow and include asset managers from nvesco and franklin investments and fidelity. on the list and on the website, we've got the website, charles was just showing a bit of an older version and basically what the website is showing you, folks, these are new listings approved to begin trade and see there on january 11, which is tomorrow and ark 21 is the first on the list. that's cathy woods and no official word from the securities and exchange
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commission and hilt aidoo prove button any minute now and we're here in cbs in las vegas and he&we want you to stand by and cathy wood is about to join us in her first interview since this breaking news that there's been an approval for at least the placebo and chicago board options exchange to trade this new spot coin etf and she's joining us in a second and here in las vegas, lentaron ick companies vowing for the west hall of the las vegas convention center cpi basically it's turn intoed a detroit auto show on store roads and remember -- steroids and remember with 318 car and car tech companies ascended on las vegas and huge news out of nvidia and hitting another record high and take a look at chart with nvidia up two full percentage points and
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$492.92. every consumer electronic needs a brain and largest manufacturer of semiconductors and the bat toll get inside the electronics is fierce. coming up, qualcomm going all in on ai to make your gadgets, tvs, and cars smarter than ever with the flick of a hand and so intuitive coming and you happen ceo joining us live and mercedes usa president dimitri. stay state of the unioned for all that. in the meantime for the markets, there's green on the screen and dow jones industrials up 82 points and section high 30 points and better emotion for 24 hours ago and there's a bit of weakness here and nasdaq up about 130 points or near 1%. traders investors and watching this situation ahead of tomorrow's big inflation number and december'cpi this one has the pair to alternate the
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federal reserve course on interest rates and we watch all of that and let's bring in her first interview and the approval for a spot bitcoin etf. ark invest cto and get your reaction and your ark invest is the first application that is listed on the cbo site to trade tomorrow for the historic first etf. what have you heard and can you confirm anything? >> you've got it right. cbo did announce that and the sec has yet to approve and of s1 and still they do. this is a very good sign that they will and it's just we have to wait. liz: okay, you've heard nothing and what was the last communication with the sec in
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>> we've been talking regularly and partner 21 shares has been talking regularly and so the way i understand this happens is this is a necessary first step. 19v4 is the first approval and next step is pretty quick and s1 approval and that's the one. liz: what happened yesterday and there was this unbelievable development where it popped up on the sec's official twitter account and x account and yes, they had approved the spot bitcoin etf and there was a flowery worded tweet that came and looked like it was from gary gensler, sec chair and immediately you saw quite the spasm in price. it did spike for bitcoin but then sev that was fake news and
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it was been compromised and where were you when you went down the bitcoin logo in the sec about that and the second thing i saw was there and the disconnect and we were at the same time with ophelia, our partner at 21 chairs and getting communication from the cboe that that seemed to be true or something seemed to be something about to break. turns out it was a hoax or a hack. liz: there is quite the hunger games rush for this thing. charter put out numbers and they said this could bring in
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50-$100 billion this year alone. these etfs could draw that much interest and activity from investors. that leads me to fees, cathie. you guys have cut your fees and pretty specific and arken 21 cut their fees and down to 0.21 basis points and after waiver of $1 billion in investment and what's the reasoning behind that and lure for investors and beat out the blackrocks and fidelities and bit wises of the world? >> yes, we have always considered bitcoin for a public good and this is a technology and a new asset class. when we say public goods, we're talking about effectively a financial super highway.
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we're not looking to maximize profits and looking for other funds that actively manage to serve that purpose. this we wanted to make sure we provided access and we form our founding and by the way, we were the first asset manager, first public asset manager to give our clients exposure to bitcoin in 2015 when it was $250. but since our founding, we've been all about -- when we think it's only begun. it's been a wonderful ride. we were early and we're definitely going to stay on this horse. the democracy that we set out to provide our clients and pure play and funds and now with venture in the private markets, bitcoin is an extension. de-knock ragainityization and access and one of the most
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important assets in history. it is not only represents a technology but one never built into the internet in the early 90s when they were evolving and no one thought commerce or financial activity would take place. footballly that's happening so more request happen peer to peer and it is a new asset class so a very big idea. liz: yeah, for the viewers listening on xm13 in the car and, liz, we want to hear more about tech but we're in the car. we want to see it. bitcoin right now up about a percent to 46,222. cathie, i notice that had coin base, you've been an accolade of coin base and sold about $20 million worth of coin base shares. that seem as little count intuitive to some people. wouldn't you want to be heavy in coin base just as these et fs come to market?
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>> yes, well, we bought coin base when there was a lot of continue jersey around it and especially sec-related controversy, and i think the stock dropped into the low 30s. it's up five fold since then and had a massive move last year. we're doing what portfolio managers do and take profits in stocks because we see other opportunities for example in the multi-onyx space and before the jp morgan healthcare conference we're looking at stocks that have been severely depressed and we're saying, we think that we should reallocate some of our assets and coin base is a great stock into some of these names that have been hit so hard and purely portfolio management. liz: cathie, it's great to have you right at this moment when everything is developing and breaking. we did hear from ellie, our
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producer here at fox business that nososo much about -- that the bloomburg terminal haves a bunch of these including yours listed in ready to trade for tomorrow. give awes call. keep us posted if you hear from the sec but it's been a rocking and rolling time. certainly, thank you. >> it's been fun. it's been fun. liz: global chip sales on the rise for the first time in more than a year. thanks to fresh new technology. we're seeing all over las vegas here at ces, investors anticipating that as the philly semiconductor invest toment and look at this chart here, one year, ticker stocks up nearly 50%. well, 51% actually. up next, one of those leading chip companies, qualcomm is leaping out at ces with breakthrough ai technology to
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capitalize on the insashable demand and qualcomm ceo here live ahead of the library. vegas ces 2024 coming back and coming back. mara, are you sure you don't want -to go bowling with us tonight? -yeah. no. there's my little marzipan! [ laughs ] oh, my daughter gives the best hugs! we're just passing through on our way to the jazz jamboree. [ imitates trumpet playing ] and we wanted to thank america's number-one motorcycle insurer -for saving us money. -thank you. [ laughs ] mara, your parents are -- exactly like me? i know, right? well, cherish your friends and loved ones. let's roll, daddio! let's boogie-woogie!
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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.
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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. 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. liz: back in the west hall of las vegas convention scepter here at ces all things consumer tech and one of the most highly anticipated purse of ces are the keynote addresses and today qualcomm ceo cristiano amon
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about to take the stage in about an hour and a half hawaii a difference a year makes when it comes to qualcomm shares. take a look at stock at the moment. since it's 52-week low back on may 25th, the stock is up, let's look at t about 35%, yep. 35% is the semiconductor giant moved with lightning speed to unveil brand new chips in snap dragon sweet spurring the revelation and qualcomm ceo with much anticipated weight in the keynote and you and i are on stage for and coming up. talk about the award you want and this is unbelievable. this is innovation award here with new ai chip and it's agen3. >> one of the fade patternsest processers for a and i
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recollects unveiling all the new innovation for ai in the palm of your hand with your phone and we're very proud of what we're doing position this company for ai revolution. liz: in your hand or phone describe that for our viewers and what they'll notice to breakthrough technology. >> the keynote and i can tell you is it's different about how you interact with your mobile device and later your car and pc is you're going to have that ai engine always running and predict every moment and every movement is going to be the assistant for you and it's going to change how we use our devices. liz: this car and the digital cockpit and explain to me for car owners what they really means. >> yeah, i want to take a big step back and different computing platforms and laptop or pce or phone and now the car
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is another computing platform and we're going to get them decides driving and connectivity and communicate with other people and that's changing how going to drive and do all those things. liz: the redthrix and that's interesting and people to understand that the genius of what qualcomm did and i don't mean to fan girl and it's absolutely true. you've taken two monolithic concepts and chips assisted driving safety and also info treatment and put them on a single chip. what does that do and what's the command for that right now? >> enable a car make tore bring those events, technologies that a consumer wants in every model. think about it even if you buy entry level car you'll be able to expect a fully immersive digital cockpit and safety assisted driving. liz: i have to ask you about the smart phone market and how is the demand and where are we in the cycle.
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>> the normal market. liz: i've got to dove tail to app and will not to rely on qualcomm's model, 5g modem chips and your relationship with apple very good is extended till 2026. what are you hea hearing and how close are those guys to making the 5g modem? >> they can't comment and the way to think about it is as long as cellular moten democrats are relevant -- modem is relevant and it's proud of the relationship. liz: virtual reality has headsets and talk to me about the demand for qualcomms and samsung and google are very interested in taking these chips that you guys are making and
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what about quest, meta, that? >> yes, you've seen quest and incredible partnership with meta and we've had a joint developed those devices and there's other people coming and xr gen2 and working with google, samsung and sony announced they're building a device. liz: okay, that's good news. i'll see you on stage at fire side chat keynote in an hour and a half and cristiano, thank you so much. great to see you. x3, 5 flex. and so many other companies are here and ces and wouldn't be ces without cutting edge consumer technology. look at this and it's a can go
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cane and first ever connected cane and this is the track going for emergency calls and even includes a flashlight. look at that. to help you see where you're going and it's courtesy of at&t connected so you can make a emergency call on it. in case you fall or something happens and goes with you and you do the same. this is the kind of life changing consumer technology that we see everywhere, here. and it's only growing since 2024. don't go away. we're all over that story about bitcoin spot etf, cathie woods telling fox business she's waiting on a call from the sec and they're saying they're ready to trade the spot coin etx including ark invest starting to
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liz: more breaking news on this bitcoin non-announcement announcement happening in realtime at the moment. you can see that the price of bitcoin has now reversed and erased all of it is gains and up 1% at the top of the show and right now it's down about a third of a percent. we're keeping an eye on this.
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this of course after we found out that cebo and thompson and roaders on their terminals that a spot bitcoin etf and ark invest is a number one by cathie wood and will begin trading tomorrow. cathie wood telling us she's yet to hear from the sec and ticker one more time on that? a-r-k-b is the ticker for that. back at ces2024. 55 countries are represented here by everyone from the big east, u.s. and china are the biggest and south korea and small countries only one or two exhibitors and latvia and israel and ukraine do have a presence, but the war with hamas has definitely taken a toll on the number of israeli startups presenting at ces this year. 32 had actually registered to come this year, just ten or so
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have been able to make the trip. nonetheless yesterday and consumer technology associations ceo gary shapiro in an emotional ribbon cutting ceremony at the venetian palatcio and ukraine is struggling with the war against russia and there was a ribbon cut willing and make no mistake, israeli startups are here and they include ai-enabled mini robotic home visionary manicure salons and we'll show you this tomorrow at some point. there's all kinds of technologies that improve the quality photos and we ran into the guys from pure acou acoustid high quality and speakers and wireless and amplifiers and the company is brooklyn based and rnd area and talking about
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emotional flight on ll plane direct from tel aviv to las vegas and there were israeli soldiers granted a 10 day reprieve by the government from >> am i correcting the product and everybody was like one team and compete with each other and it was one theme and the pile of everyone after every hour saying good luck, guys. good luck. we're going to fight to war. this was very united. >> what do you want the world no know about israeli startups that come here in the united states and have uprooted technology at the very moment where the country is going through.
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you're in war and doing business and trying to invade things to make the world better. this is how we work and the ziti ragaini ellies think all the time and not using that lightly or simply and israeli t with ashley webster and a lot going on where you are. a lot going on in vegas. >> >> th i thank you, liz.
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-ashley: pete buttigieg said no max 737 max 9 will return till it's safe. david calhoun admitted the company made a mistake in the aftermath of a panel failure on a 737 max nine. all the procedures put in place and required to ensure poulting planes in the sky is and is in fact safe and never could happen again. left a gaming hole in the side of the plane. meantime intuitive surgical
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rising today after releasing preliminary fourth quarter and full year revenue numbers that beat analyst expectations and the company that makes robot ibrams use of medical surgeries says the the tock is up 10%. amazon is laying off several hundred employees in the prime video and mgm studios divisions and it's cutting back on certain areas while focusing on content that delivers the impact twitch and amazon ease video game streaming platform and cutting about 500 positions last year amazon laid off thousands of employees across several of its business units. all right, that gets you up to speed. next, check out this camouflage g wagon and mercedes benz about to roll out an all electric version.
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interesting. find out next when liz talks to the ceo of mercedes benz special teams usa. the "claman countdown" coming right back. liz will be live at ces in las vegas. ♪ known as a loving parent. known for lessons that matter. known for lessons that matter. known for being a free spirit. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer, fda-approved for 16 types of cancer. one of those cancers is advanced nonsquamous, non-small cell lung cancer, where keytruda is approved to be used with certain chemotherapies as your first treatment if you do not have an abnormal "egfr" or "alk" gene.
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muse and i can play whatever you need it to do. your music will set the pace of the car. the faster the music goes, then the car will go a bit faster. if it slows down, it meanders. we better not put like megadeath on; right? i can only imagine. we're here at mercedes. i got to show you the grill. again, just fabulous stuff here at ces. it's all about the glitter but the substance is extraordinarily important as we talk about the ai tech. dimitri here in fox business exclusive and dimitri, talk about the muse and i can syncing and how would that work? >> this is how it's coming in the market. but i weigh the hardware and software and this helps us have a personalized
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hyper-personalized virtual assistant. it's all about the feeling of leaving it to the mics. liz: i want to get in here for a second and tell me about what this can do. this is lux interior, dimitri. what is this? >> choose and play music here in the cs and two new collaborations and one with amazon audible for muse and i can audible for audio books for the vehicle and great sound experience and at the same time when i was announcing operation for the future and will i am and bring the sound drive and this is exciting and it's amazing. drive the vehicle and the music is played in the car in a way that it's linked to the way you drive the product. drive the car. liz: speakers, it feels very immersive. >> yeah, the vehicle and get sound from everywhere and have a full blast from sound.
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liz: showing the cassette and don't even make cassettes anymore. the dvds and they move over to a different car here. everybody, be careful. we're all sort of penned n. we're going to move over to this one and this specifically is about driver-assisted technology; correct? >> exactly. this is the first electric one in the u.s. and i go into full success and now what's as of this year and fully autonomous driver and this is available from nevada and california. liz: okay, fully autonomous and tell me what that means. >> that means that under freeways and specific conditions you can let the car drive and you can focus on driving and watching videos and the vehicle takes over the driving. liz: it's been approved by regulations? >> it's been approved in
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california, nevada, germy. liz: let's move back to california. sorry, stuart varney, you're talking about california screaming, i'm going back to california. this, you've got to see the g wagon. camouflage g wagon and all electric; correct? >> last night we did something amazing with this vehicle and down on the street and this vehicle was made famous. >> this son 60 degrees or the same sport and it's hitting. liz: we have video we're showing and i think it's fascinating to see that you're able to do this. when is something like that available to the average consumer? >> this is coming for the second half of this year and it's the sixth product for full l electrc vehicle. it's been always the vehicle for both roads and it's the best
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service connected a. i seeing headlines ev sales are getting raised. what do you say about that? >> not hitting a wall but the adoption rate is slower than we expected. liz: okay. nevertheless there's a lot of customers. >> they go to electric drive and vehicles and said they find products and one is the sedan but three suvs and two of them here in the u.s. and have a base model for production and u.s. sedan. liz: really quickly. the economy is sort of not going to have a hard lander or softer recession and these are luxury vehicles. what is your demand looking like right now? >> the demand is great and it's always with finance and easier to get the vehicle you like and at the end of the day, all about customer choice and we have a very controlled product and good rates but also softer and lower
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and we just discussed before and makes the vehicle attractive to consumers. liz: by the way, he's moved the needle on sales and every country worked. you worked in korea and ran mercedes and all different places and now he gets the tackle of american market and he know this is kind of paint job can only see this like driving right down the streets of cleveland or beverly hills. what have you. had >> thank you, thank you, liz. liz: thank you very much. this is major, major attraction here and big, big crowds, consumer technology is really coming in sync with your car and ai-enabled and coming up, if you don't have room nor another car in your garage of course, how about a flashy electric motorcycle. look at this, can go from 0 to 60 in 2.8 seconds and reverse charges and can charge your
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coffee machines from a little embedded outlet. not bad. markets are still open pretty strongly and about 131 points higher and s and p in strong green territory and the nasdaq coming back with more news as it develops here before our eyes and it's the technology of tomorrow here on the "claman countdown". ♪ how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day. schedule a free consultation. dad, we got this.
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♪. liz: okay, breaking news once again on this spot bitcoin etf approval story. cathie wood told us at the top of the show she had yet to hear the word. charlie gasparino has major breaking news. charlie. >> right, we reported earlier applicants like cathie wood it would happen today. they were told like after the bell. looks like nine minutes before the closing bell, the sec has officially approved all 11 applicants to be able to sell a spot bitcoin etf. the sec did it just minutes ago. ten minutes before the close as a matter of fact. and, listen, the market is up, bitcoin is up.
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this is a big deal in crypto. i can't stress this enough. it was a bumpy road. it was opposition from the sec. it was a hack yesterday which was the most surreal situation in the world. the sec is actually investigating itself on this thing. the i.g. is involved on the hack and how someone got through and did they take, did they have the proper protocols to -- the sec's website, twitter page is a market moving twitter pain. you would think it has authentication protocols there and apparently it didn't have the dual factor which i do, and i'm pretty sure you do. all that being said it's a done deal. the sec approved it. again a big deal in crypto. it is a major step to mainstreaming the digital coin. let's be clear what an etf isn't. it is an exchange traded fund. in the past if you wanted to buy
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crypto you had to go to a crypto exchange. that opens you up to some people like sam bankman-fried and opens you to other people that aren't criminals. there is opaqueness to that. what this does, you can buy bitcoin, spot price of bitcoin, by buying essentially a fund that doesn't trade on a crypto exchange but trades on one of the major stock exchanges in the world, the new york stock exchange, the nasdaq, the cboe. you will also be buying that from not some fly-by-night person. you will be buy that fund from some of the biggest players in as management. fidelity, blackrock. we'll have larry fink on friday to talk about this and other things. you can also buy from some crypto players. plus it is an easy way to get into the market. in the past you were regular person had to buy own a
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exchange, you had to be qualified. other people couldn't. you had to be qualified investor to buy a bitcoin futures product. i'm sure robinhood will sell bitcoin etfs on its app. it is a retail product. it is a huge step in the $1.7 trillion crypto market. we'll have a full write up on this foxbusiness.com. the sweep. how it got here. the bumps along the way. why it got here against initial skepticism from gary gensler the sec chief. including he was up against larry fink. who is no joke. one of the premier financiers in america and plus he lost a couple of court cases that cleared the way for this. wee lay all that out in great detail on fox business. -- foxbusiness.com.
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this is maturation as far as the mainstream product. will it be a good day? some people say bitcoin is opaque. it is used for a lot of bad stuff. other people say it is the wave of the future. i will let you guys decide. back to you, liz. liz: charlie, the people want it. they take on that responsibility. >> at some point, yes. liz: charlie gasparino, breaking that news, very, very interesting. looks like a month ago, and any papliano from pomp investments on "the claman countdown" in single day they will all be approved. not a horse race. they will all. he was correcter. closing bell, we're six minutes away. look at the dow, s&p and nasdaq. we're looking at markets in the green at the moment. it is not as indecisive bitcoin is as popping back and forth into negative territory. we are at the moment in the green with the dow up 145 points, the s&p up 21 and the nasdaq up triple digits. all right, so as we finish up in
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the west hall, because we're going to move again for tomorrow's "claman countdown," this is called the pebble life. this is an rv that is entirely solar powered. big deal, liz, is that what you're saying? yes, the solar panels are on the roof. they made this thing absolutely fascinating. this table automatically goes down, turns into a bed. what do we have here? we have got the, stove, yes, the stove. i'm such a good cook i didn't even know what that was. they have instant hot right here. all solar powered. can take you off the grid for days. what do you do when you have to go go to the bathroom? this to me fascinating look, there is the toilet. why would you want a see-through, you would not. watch this, there is a single button. you press it. oh, yeah. there you go. instant privacy. i think i would like that wrapped around my entire house. let's go down here for a
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"countdown closer" because, we're talking futuristic products. with dan hill. great to have you daniel newman. you are a tech analyst. what is the coolest thing you've seen so far that is something that could make a company a lot of money, that will be transformative and adopted? >> it has been a long time since ces had plasma or television on the minds, but these transparent screens i always thought there was opportunity for next generation. what samsung and others were doing there, that was really transformative and interesting. liz: we showed it first yesterday. it is a crystal clear window. you can see through it. the actual chips are embedded in the glass. fascinating to see the moonshots but will they get to be on peoples, certainly in their portfolios. nvidia, chip-makers, qualcomm, making a lot of news, arm holdings. tell me where you see the real investment opportunities? >> yeah the application of a.i.,
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2023 was the year of the gpu, building out infrastructure. you will see microsoft go big this year but you're also going to see sales force. the application of technology that enables companies to be more productive, more efficient, service now, those are the companies i'm really looking at. a.i. pc here in cvs was massive. we saw arm, amd, intel going big and all their oems are betting large in second half of this year we see the next supercycle in pcs. liz: remember last year, the chip shortage. that doesn't appear to be a thing. what is still a thing, material costs but more importantly food costs. what if people, we're getting a cpi number tomorrow, consumer price index, very important indicator at the consumer level, what if it comes in slightly hotter than expected? does that mean people will zip up their wallets tightly and not
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buy consumer electronics. >> i think the pc is essential in our lives. the phone is the first thing to pay phone. even with money tight, people find $1500 to buy an iphone. we saw the vision phone. apple put it out. this patient community i didn't think would come this. apple makes calls, they enter late but when they enter they set trend. people will find a way to spend because they love many being with their technology. microsoft, sales force, service now and amazon. thank you very much. >> thank you very much. liz: daniel newman of futurum. they love screens and think love cars. as we bid good-bye to the central, the west hall rather, and by the way this had to be built out to make it literally the biggest car show in the united states. bigger than detroit, bigger than
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chicago, bigger than los angeles. 318 vehicle companies have their displays here today. couple years ago it was literally one. tomorrow, sky work solutions, chip company ceo liam griffin as we return back here to ces for day three. you do not want to miss what apple's largest customer has to say about that. dow, s&p, nasdaq are all in the green coming off session highs. nasdaq continuing that four session winning streak. the dow is up 163. nvidia once again hitting a record. that will do it for "the claman countdown." we're back at it again tomorrow live from the palazzo for the start-up nation kind of stories right here from las vegas. [closing bell rings] you guys, we'll see you tomorrow. larry kudlow is up next. ♪. larry: hello
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