three branches of government, legislative, executive and judicial. in recent years the fourth estate has become on ily, contentious. the avalanche of negative headlines and stories are mind-boggling, and here's the weird thing about it, the irony if about it, the public write that all of this negativity has created a public news organization sea they now de-- say they now decry. this is a financial show, so i'll cut to the chase, right? what we call on wall street the bottom line. the media should put back -- push back, rather, when they have to protect the audience, but this is something entirely different. when you don't allow someone with power and influence to speak on your platform, you actually give their voice a louder voice and other platforms more importance. let the people hear, let the people decide. liz claman, over to you. liz: yes. power to the people. charles, thank you very much. folks a amid a market selloff

where the dow is down 313 points, the s&p lower by 23, the nasdaq down 55, we begin with breaking news. we've got two widely held stocks, boeing and apple, struggling as we kick off the final hour of trade. plus, this developing news in the last hour and a half, a judge has blocked the jetblue-spirit airlines merger. this is a disaster for spirit airlines shareholders who are looking right now at a 46% drop. earlier it was down 55%. a federal judge stymied the proposed merger between the discount airline and jetblue. jetblue is actually up on this news saying while the merger would increase competition on larger rivals, it would also harm spirit's price-sensitive or consumers. if we can lose that apple chart and maybe put up jetblue shares, you can see jetblue is up more than, i believe, about 6.8%. now, from airlines to the world's leading plane manufacturer, the intraday chart of boeing is not a pretty one.

we do have boeing not even at the lows of the session, but just off them at the moment, down $17.42 or 8%. we've got the intraday at the moment at $200 a share, but it fell as low as $199 and change. look at this 1-month chart. the aerospace giant's stock has now entered a bear with market. we've got it down about 2 21% since its december high. the headline that is slamming the stock at this hour is the continued fallout of what began on january 5th, this, when the door plug -- that's a portion of the 737 max 9 jet's fuselage -- that was put in place instead of an emergency exit door blew out while the alaska airlines plane was mid-flight. the company has now named an independent quality adviser, and now china's southern airlines has further delayed deliver rays of 737 max jets, not even the same kind as the one in question with alaska, because it wants more detailed safety checks on

its order. again, southern's jets are not the same model as the alaska airplane, so it's just piling it higher and deeper on boeing. let's bring up apple if we can. apple shares also falling just under 2% on a flurry of anxiety-inducing headlines. barron's jetsonning apple from its new list of what it's calling it, quote with, more magnificent 7 stocks. apple replaced with berkshire hathaway, and apple's 5% discount on newer iphones in china amid weak demand not well received by investors. plus, apple forced to remove the popular blood oximeter feature in order to work around an import ban imposed after a court found the function violated mosimo technologies' patent. coming up, a fox business exclusive with the cofounder and ceo, what is his next move in

this david v. goliath battle with apple? already -- all right, both boeing and apple putting quite a chill on the dow heat map. it's separated with nike, chevron and walgreens boots alliance, but boeing and apple lowest five here. pan up to the leaders, and you've got walt disney up 2.5%, verizon up 2%. home depot, microsoft, visa and, yeah, goldman has nearly lost all of the gains. it was in the number three pole position, now it's just about a flat after the investment bank beat on both the top and bottom line estimates for the fourth quarter. if ceo david solomon, no doubt, breathing a sigh of relief as earnings rose 51% year-over-year. solomon says he's optimistic that potential for interest rate cuts by the fed this year has renewed optimism for a soft landing. but tell that to the 10-year yield. folks, look at this chart right now. the 10-year yield is at 4.057%,

high of the session, 4.08%. nonetheless, it's above 4% after fed governor christopher waller jawboned down rate cut hopes during a d.c. speech saying any move to lower rates should, quote, not be rushed. what does it mean for bank stocks and then, of course, the broader market? we're tack ill it all -- tackling it all in the floor show. steve, let's go macro here. the markets don't seem to like any of the headlines that we see right now, although we're off the lows of the session. what is the the psychology on this day after the long holiday weekend? >> el, liz, i think what we have is a little bit -- can i think we have a bit of a hangover from the rally that we had at the end of the year. we went from seeing institutional managers about 25% invested to over 1000% -- 100% invested into year end. we're normalized now. these managers are still heavily invested, but maybe they're taking a bit of a breather. maybe they realize being overinvested, this is not the

climate especially when there's this kind of uncertainty as a to whether we're going to have a soft landing, a hard landing, whether we're going to get three rate cuts as the fed says or six to seven as the market says. that's a lot to digest. liz: the tran ports down -- transports down 159%, russell's kind of messy too. chris whalen, i do really want to push on the financials here. it's one of the worst performing sectors although most of them look pretty darn ugly. financials, energy, materials, industrials. it can't really have any kind of rally without the financials participating. where is the problem in we got morgan stanley numbers. it was a mixed picture. then we got goldman sachs. that looks good, obviously, friday, we got jpmorgan, citi, wells fargo. tell me which looks the best to you so far and why overall in the aggregate the financials are down? >> because they were really finishing weak. you know, in the third quarter credit was very low.

in fact, a lot of banks didn't even have to put aside significant amounts of credit provisions. so fourth quarter is back to normal, and the revenue numbers are weak going into the new year. that's the bottom line. we're worried about credit, but with mostly on the commercial side. commercial if real estate, companies, that sort of thing. the consumer is still pretty quiet when you looked at prime consumer exposures at the banks. so what we are waiting for is to see what's going to happen regardless of what kind of landing we have. that doesn't matter. when of a commercial recession -- when you have a commercial recession which is what we're talking about, office a buildings, apartments, new york, for example, with rent control legislation, all impaired from the bankers' perspective and the regulators' perspective. so there's a big question mark if about who's going to take the losses. you know, when rates went from 5 back down to 4 for the 10-year, that helped, but it's still a bad situation. i still think we're going to see a lot of bank failures this year. liz: and then the new york federal reserve's manufacturing

index tumbling to the lowest since may of 2020, and we know what was happening in may of 2020. we were just a couple of months into the pandemic lockdowns. is this a, does this portend something really awful, or is it just the kind of slow slowdown the fed was hoping for? >> this is really the crux of the problem, liz, it's hard to say. there's a lot of soft data that has come out with bizarre readings. this empire state manufacturing number was a shocker today. but we don't really -- it's one minor number in the whole big scheme of things because it's, you know, upstate new york manufacturing, essentially. the problem is you've got this conflicting data. a lot of what they call the soft data is telling us a pretty negative picture whereas the hard data, which is sort of the bigtime numbers -- liz: what's a soft data piece? >> philadelphia fed, empire state manufacturing, consumer sentiment which, you know, has been fluctuating dramatically. that's more of the soft data where the hard data would be something like cpi, you know,

payrolls numbers. those are, you know, sort of the big bureau of labor statistic numbers. liz: chris, when you look at which stocks are selling off, what makes a specific one look tasty to you right now? we were just talking about morgan stanley. it's having a rough session. is this starting to look like a delectable choice for you? >> no. i've been pucking, i've started to accumulate wells fargo because they're the most improved of the top five. the rest of them i think i'm going to leave for now. i own new york community bank, but other than that i'm in preferred on the financials because i know i can buy them cheaper -- liz: before we get that, which bank looks the worst -- >> citi. liz: -- that have reported earnings. >> citi. because they don't have a reason to exist -- liz: wait a minute, i bank with them. [laughter] >> it's not the citibank of 40, 50 years ago which was the market leader. look at the long-term chart between jpmorgan and citi. they've changed places. and i think that, you know, if you're talking about value for

shareholders to try and recover something after losing over 90% of the value since 2008, i think you sell the business. liz: you know, you're the best kind of analyst because you don't care who you offend, and that's important. we try and bring people on who really aren't worried with about it. and when you look at the broader market picture, steve, what sector looks best to you? >> well, right now i'm sort of -- i'm picking away at high dividend stocks because i do think they'll provide you a cushion in case there's some volatility returning this year, and i do believe volatility comes back. i think we've been spoiled. we have an election year which often brings volatility. we have sort of two volatile type of candidates likely running against each other. we have plenty of reasons, you know, chris is talking about, you know, the disruption potentially in bank withs. you also have, as i said, this big conundrum, do we have the soft landing, the hard landing, do we get the rate cuts, all of those with volatility and high dividend players give you a cushion in that environment. liz: that would not be nvidia,

but we have to tell our viewers, nvidia hit another all-time high today. is this the stock that just keeps on giving through 2024? >> don't sell it. [laughter] i sold some and i regret it. liz: you regret that, don't you? >> it was such a huge gain. but let's go back to the fed. i think people have this wrong, liz. they're going to stop running off the portfolio first. this is the what's topic a at the board. then later in the year maybe, not even at the end of the year, but maybe third quarter we can talk about a rate cut. because if they start reinvesting payoffs at the fed and keep the portfolio stable, that is a cut. liz: yeah. in a different form. chris, steve, wonderful to have you. thank you very much. all right, here we go, the legal labyrinth in apple's patent battle with moss mow now has a new twist. the apple watch maker says it plans drop the disputed health tool from some of its smart watches as a work-around from the if ban. next, in a fox business exclusive, moss mow ceo joe

kiyani is joining us live. what is his next move and what does apple's work-around mean for potential royalties mossimo stands to perhaps gain from apple watches? the chipmakers are a competitive crowd including apple, garmin, alphabet. they make the wearables and, of course, qualcomm's snap dragon microchips are often found inside of them. qualcomm moving higher by half a percent. stay tuned, we are coming back with the david in the apple and mossimo fight. ♪ 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. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy.

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liz: blythe has found a way of getting around david in the battle between apple and masimo. apple, with its $2.8 trillion

market cap, says it is about to disable the blood oxygen sensor from its newer watches, a move forced by the much tinier $6 billion market cap med-tech company masimo. apple nixing the feature in order to circumvent the international trade convention watch import if band ban. the itc ruled that the apple watch's blood oxygen tech violate ised masimo's patents. masimo is suing apple alleging it stole trade secrets by hiring a former employee -- former employees. masimo shares up 1.6%, apple down about 1%. since the itc's ruling, masimo shares have spiked 55%, so what is masimo's next move? joining us now in a fox business exclusive, masimo founder and ceo joe kiani. apple says it's nixing the intellectual property in question, and u.s. customs and border protection agency says that's good enough for them to allow the watches to be imported

again. is your patent battle with apple now over? >> i wish -- [laughter] normally, when you get an injunction, it is over. but i still haven't got a call from tim cook. but thanks for having me on your program, liz. it's great to see you again. liz: great to see you too. so let's be clear, no one from apple has given you a call at all. finish. >> that's correct. liz: and so here's my next question. in what form would the knecht step take? -- knecht step -- next step take? have i now modeled for how many -- you modeled for how many watches able was -- apple was able to sell before the ban? >> we don't have the numbers, but as you recall, a few days before the ban was supposed to take effect, apple vonnen todayly -- voluntarily announced they were going to take the watches off the market. that caused a lot of people to jump in and buy it and maybe

that's one reason they did it, but we haven't got the numbers yet. liz: can you shake that out through a discovery process or some type of court maneuvering? >> we should be able to because, as you noted, we have two additional litigations with apple, one in california that should go to trial next october, and that has our trade secret and patent dispute anytime. the patent for state during the whole p-tab review which just got fully finished with the appeals court, so hopefully we'll be able to have our trade secret and patents in that case. so for that case, we should be able to open up discovery and get the numbers. but also there's a case in delaware where apple sued us -- [laughter] for copying them, but we countersued them with patents and our antitrust. that might go to trial anywhere between april on. so for those we should be able to get new discovery on the actual numbers. liz: joe, what would you consider a reasonable amount of

royalty per watch if you are eventually able the find out exactly how many watches were already sold under the gun, you know, under that wire, under that ban wire? and let's just say it's, you know, 10x or whatever. for watch, what kind of cash could you look for when it comes to royalty awards? >> well, as a patent owner and a company that has never licensed its technology, our goal has never been to monetize our patents. we invent things to create things. we're going to have our own products that we're going to be launching in the market place. we already have w1 which is a continuous pulse oximeter that really works that's been fda cleared both for prescription and otc and hopefully soon this year we'll launch the freedom. so we really invent to create. we have over $2 billion in revenue, we have about 10,000

employees, and we hope to take a big chunk of the wearable business for those that want a serious health monitor. so that's really what we're in it for. liz: that's great, but i'm sure shareholders would like to know that you may shake at least some cash from the cushions out from under apple because, clearly, this appears and if was ruled in a court that there were pat a tent violations. -- patent violations. you're an engineer. you and and your team created this pulse oximeter technology and, cheerily, that's certainly -- clearly, that's certainly worth something, is it not? can you tell us what kind of spike in sales perhaps you have seen for your watches and maybe presales for the masimo if freedom watch? >> absolutely. so, first of all, it isn't that simple because unlike phillips and nelcore that we sued for patent infringement years ago and we won those, apple just

didn't take our patents. they stole our patents, they stole our people, they stole our property. our trade secrets are within apple's walls. so to just come up with a teal to end this is not simple. both parties, if they really quantity to do something, it's got to be win-win, otherwise this is not going to end well. and if what we need is a way to improve the product. their pulse oximeter on their watch isn't that good. i mean, there are studies that show it missed 94% of true events -- liz: well, then why, joe, would you even want to associate your technology with theirs? and say, oh, they took our technology, oh, and it doesn't work? if. >> well, that is one of the most unusual things about this, because in the previous cases when those companies took our technology, the technology improved. and and in apple's case, they took our people, they took our technology, but it's a bad product. and their own documents -- not

me saying it, their own documents show that they didn't think it was good enough to get fd a a clearance. they didn't believe -- fda clearance. they didn't believe that it should be used medically, but they knew it would be used medically. but because, this is literally out of their own document, because of chaos of covid, they thought if they launched pulse ox symmetry, they'll get market share gains from fitbit. so, trust me, i agree with you, and that's one reason if i do a deal with apple, i want to really fix their product. they, no matter what i do, will have a huge footprint in the marketplace, and people think the pulse oximeters are as good as it gets because it's from apple, but it's not. first thing i want to do is fix their product. whether they want to use our module that we have that they can put in the back of their product or we fix theirs because, like i said, this isn't a simple patent dispute if, and and it's not just an alleged patent dispute. they've now been, as itc said,

they said that this is an indisputably adjudicated infor instancer requesting -- infringer requesting permission to continue infringing the patents. this is what we have, and i'm hoping we can do something positive not just for our shareholders, theirs and ours, but more importantly people that use these products. liz: joe, you're an entrepreneur who founded the company in 1989, small but feisty and fighting. we'll continue to watch this and, of course, apple which denies they did anything wrong. but, of course, they have now done the work-around and have removed the pulse if oximeter feature of this. please keep us posted. thank you. >> thank you. thanks for having me, liz. liz: you got it. joe kiani of masimo. tesla's ceo, elon musk, wants an even bigger stake than he already has in the ev maker saying if tesla is to become an a. i. leader, he needs more voting control. what's he going to do if he doesn't get what he wants?

find out next. tesla may have reversed it earlier losses this session, but it's kind of struggled over the past six months. shares dropping about 21% over that time period. we are back in a minute talking tesla. ♪ they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com students...

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liz: we have this fox business alert. take a look at tesla shares, actually up about a third of a percent. they opened lower, went as low as, let me just check here, $212, we're at 2199 right now.

tesla's -- 219. elon musk saying he wants more control of the ev maker. currently, his stake in tesla stands at 13%, but he's asking for 25% of voting control. on his x account he wrote: i am uncomfortable growing tesla to be a leader in a.i. and robotics without having 25% voting control. enough to be influential but not so much that i cannot be overunder the. okay. you guy -- overturned. you guys tell me, who is going to overturn anything elon wants to do? if he cannot get the control, he will build outside of tesla. he was forced to sell off shares to buy twitter, now x, for $44 become. just three months ago, and informed employees x is now valued at just $19 billion. let's look at other names in the ev space here.

we've got rivian. so if tesla is down about 24% over the past six months, rivian has lost 28 percent over the past six months. but ford down at about 23% over the same time period. keeping with cars here, stellantis reaching an agreement with rental firm sixth to sell up to a 250,000 vehicles over the next three years. the multibillion euro agreement will include city cars, suvs and trucks. stellantis is also going to provide evs. stellantis shares down 2.8% -- i just rented a car through sixth. pretty good experience. advanced my escrow quite cans briefly -- micro devices reaching an all-time high. right now it's at 157 and change. key bank also raised its target from 170 to 195. barclays picks the chip maker to lead the way for the, quote,

secondaway of a.i -- second wave of a.i., although both our floor show guys said happening on to nvidia. amd is chose to its all-time high that was hit back in november of 2021. and chip design software maker synopsis dropping some serious cash and stock for engineering software company ansys. the price, $35 billion. shareholders will receive -- we're talking about ansys share is holder -- will receive $197 in cash and .345 shares of synopsis shares. it would expand reach for designers of microchips in cars and airplanes. so synopsis e provides chip designing software to the semiconductor industry, but at this hour how is the semiconductor industry going to provide chips to the rest of the world with the panama if canal drying up and houthi pill

militants attacking cargo ships trying to maneuver the red sea? two key waterways. are those issues a about to trigger brute am shortage as the likes of what we saw during the 2020 pandemic? remember the supply chain drama? the company international businesses turn to for realtime analysis, the ceo joins us next with the answer. stay tuned. dow is down 315 points. ♪ if

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include when you're talking fuse if language ares to that the door, that seal ised-up plug door that had flown off mid-flight during the alaska airlines flighleaving oregon. so we're watching this very close whether -- closely. boeing shares just getting hammered, down 7.7%. spirit aeroprosystems down 4.a 5%. this event involving dave calhoun will happen tomorrow around 12:30 p.m. eastern. fox business will, of course, be all over that story. we have this breaking news, the u.s. military has carried out a third airstrike now aimed at the iranian-backed houthi mill that shah in retaliation for the rebel group's attack on a u.s. owned and operated cargo ship in the red sea yesterday. at a white house briefing in the last hour, the nsc spokesman, john kirby, confirmed the attacks but said the u.s. is not looking for a war with yemen's houthis. as the situation in the middle east escalates, big oil producer royal dutch shell has suspended

all red sea shipments overliesing of more houthi attacks -- overliesings of -- over risks of more houthi attacks. edward lawrence at the white house with more on what appears to still be a very is serious hot zone. >> reporter: it is. and chevron is saying they will continue to go through the red sea, so we'll have to see when that shifts there. this latest flurry of attacks and responses by the u.s. comes after an anti-cruise, anti-ship cruise missile hit a u.s. owned and operated ship in the red sea. now, that started a faster response, a more intense response by the u.s. first. two navy if seal groups seized an iranian ship with advanced weapons bound for the houthis going after the supply chains here. the two seals though are missing in the ocean, that search is ongoing. we now learned that the the u.s. made its first preemptive strike the destroying four anti-ship ballistic missiles in yemen before they were launched. now, this is the type of responses that expermits are saying should have -- experts are saying should have happened

early on, not months later after ongoing attacks in the red sea. but still they're saying it's not enough. >> if anybody if believes that the houthis are going to change their behavior just on one or two sets of strikes, they're not students of history. this is going to go on for a while. >> reporter: so the houthis did get one missile off today hitting a ship in the if red sea causing minor damage. after this flurry of responses, the u.s. took the position of defense trying to shoot down the missiles that had already been launched and messaging don't. last week the administration started to signal they would be more forceful. >> i'm not going to telegraph punches one way or another here. we're going to do what we have to do to counter and defeat these threats that the houthis keep throwing up on commercial shipping in the red sea. we'll continue to consult with allies and partners about the appropriate next steps, but that's as far as i'll go. >> reporter: and the u.s. consulting but taking the action by themselves and again, liz, most of the shipping companies

that the it avoided the red red sea are saying they'll continue, except we now chevron is going to continue to go through. back to you. liz hez this is an extraordinarily important issue with the we, will all of the drama that is happening in the red sea lead to a redux of the dreaded covid era supply chain lockdown -- can log jam? let's bring in a supply chain entry titan, president of the aerospace and defense division of supply chain mapping and analytics company resalink. this sure is starting to link -- to look, then you throw in the situation in the panama a canal, starting to look at what could end up triggering another supply chain nightmare. are we wrong? >> so it's definitely a nightmare right now. so, you know, 20-30% of global shipping trade goes through the suez canal, and now at least half, some reports are more than half of that trade is being interrupted, and it's now going

around the horn of africa adding about 5,000 miles and up to 2 beaks not journey. and that's just one leg. you mentioned the panama canal if suffering from droughts in panama, reducing the level of the water so it's impacting what ships can go through there as well. but i would tell you that this is not the same global threat that covid presented. and also a lot of smart businesses have already taken steps to adjust their supply chains to make sure the disruption's not as severe as before. another -- liz: could i i just interrupt here because we don't have it indicated on the screen what people are looking at. it should say panama canal. and what you see there is the water level has dropped so low, that we circled the plant life that is now surfacing above the water. maybe we can go back to that picture, because i think that is truly indicative of what the real problem is, that it is very

hard for these ships, if not impossible, for them to ma if maneuver around it. and this then leads -- okay, you should see a circle go around that right now. sorry, we kind of jumped the gun on showing the picture. there it is, okay. so it really does speak to what could end up being a massive problem. which sectors, peter, do you see getting hurt the most? >> so it's going to be a phased thing. so finished goods that are going to be impacted, we're already seeing some companies impacted, companies like tesla, the automotive industry, textiles. there are finished goods that travel through the suez canal. but there are a lot of intermediate and raw materials as well that extend into supply if chains from load to your vendors that take time to get up to the actual manufacturer to make goods that are -- liz hez let's talk about prices. yeah, the cost changes just since, and we go back to the red sea discussion here, what's been

happening since october 7th when hamas dove in and broke through the borders of israel to slaughter 1200 israeli civilians and some military, we look at the global shipping rates aside from the horrific loss of life, and you can see asia to northern europe per 40-foot equivalent, the price of that equivalent unit is up 226%. if you're going from asia to the mediterranean, 116%. now, if you look at the actual cost, $4,7899 right now -- 4,789. that used to be much lower, i believe it was around $1,601 a year ago. so what does this mean for let's just say the semiconductor or industry? because i begin to wonder, and we just brought this up with matt zelenskyy of lenovo, how much it might affect that

particular industry where the products are needed mightily. here's what he said, and then you can respond. >> we ship phi devices a second to 180 markets around the world with. our supply chain is like our secret sauce, so we're able to-and-a-half if gate any sort of headwinds or complications across the globe to keep the business flowing. liz: sounds like at least some companies learned from the pandemic disaster, right? >> definitely, definitely. companies that mapped out their supply networks not just the logistics route, but the low tier dependencies on vendors to their vendors are going to be in a much better position than companies that haven't. so i think really it is critical for companies to understand these things because supply chains are hypercomplex. those cost increases in shipping, those won't be the only cost increases. there'll be increases to indirect inputs as well. oil prices, gas prices in central europe have been hit by this because they are transported along these routes. but the shipping company have increased costs too.

i mentioned the trip already thd africa. taking contarians out of circumstancuation -- containers out of circulation, that's 20-30% of containers that are -- liz: well, pete, who stands to benefit? i'm thinking air cargo companies, right? i mean, i would think you're looking for a better with way to ship things that's safer, would that not be air cargo? >> yeah. providers of alternative forms of transportation will benefit. but, you know, even amongst manufacturers and companies that make goods, there will be winners and losers as well. companies that have mapped out their supply chains that know when things are going to happen earlier can take advantage of rates that are advantageous before they spike, like you mentioned. also companies that are really proactive designed alternative sources supply into their supply networks, so they're not relying just on one vendor. they can shift their demand to

another vendor who may not if be impacted. liz: maybe that's what matt meant by figuring out the secret sauce to supply,in risk and everything that's happening both in the panama canal and the red sea. peter, thank you very much. >> thanks for having me. liz: ukraine president volodymyr zelenskyy making the the rounds at davos with big wigs including jpmorgan ceo jamie dimon as he makes the case for investing in ukraine are reconstruction. charlie o has exclusive details on what was said between the two. that's next. and we should look at defense stocks before we go into the commercial break here. they are lower today, but they have been rising. certainly since the october 7th israel situation, but, you know, there's also demand for the weaponry in ukraine to fight off the russians. stay tuned, we're coming right back. the dow still down about 296 points. ♪ ♪ dad, we got this.

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♪. liz: ukrainian president volodymyr zelenskyy continues to implore some of the world's top financial executives to invest in hills war-torn country. while in davos, switzerland, for the world economic forum are. he is starting at the very top,

you see there jamie dimon, yeah the top of the banking food chain. jpmorgan's jamie dimon did meet with him and he knows what was said. >> put these up. these are who's who of finance, major financial anment. michael dell, ray schwartzman, rye dalio was there, exclusive. i think ray is in the background. this is exclusive to fox business. here is what we know zelenskyy has been on a tour to raise money. obviously it is very controversial to take a lot more money from the u.s. government right now. republicans are pushing back. as that happens he see him start to pivot toward the private sector. attracting private sector money to invest in the ukraine. it has been slow-going. we should point out in september there was a meeting in new york city. jpmorgan put it on and larry fink is the other. jpmorgan and blackrock are the two main financial advisors for

zelenskyy. we should point out blackrock had a representative at this meeting. if i know larry he is probably in davos. i don't know if he is in davos. he was here last week. if he is in davos he he is meetg with zelenskyy. he med with him in september. jpmorgan is on the ground observing the situation. here is the pitch zelenskyy made to these guys. nobody is biting it. we should point out. economy is getting better. inflation was high, it was 30%, down to five or 6%. we'll open up the kyiv airport in the spring, probably. he is open up to some sort of negotiated settlement in a weird way. he didn't say he would sit down with putin to flesh it out. he is open to talk with like-minded countries. that is a backhanded way. what is stopping money from going there, nobody has bitten yet. i should say nobody. i heard one company, i heard

robert kraft does have plans, new england patriots owner of the new england patriots, he and his son jonathan, you remember they made their money with paper plants. i harp they have plans to build some in the ukraine. so that is maybe somebody has been -- most of these firms, from what i understand have not signed a check yet. the main reason why, liz, quite simply, it's the war and i don't think you will get significant investment dollars in that place from people that don't part with their billions that easily unless the war shows some signs of either him winning or some negotiated truce because it's just, you don't know, you had just don't know if you're throwing good money at bad. liz: ge learned their lesson during, after the iraq war. they invested a lot in rebuilding the electrical spread and other systems in iraq and they had to abandon the whole thing. >> people forget as much as these guys want to give, they're

not giving because it is charity. they are giving because they expect a return on investment. if they can't get a projected return on investment they will not give their own money. so they can't really spend the shareholders money. so that's where we are right now. again it is very interesting. we should point out this is dimon's first meeting with zelenskyy, and in the past it was always been, mary urdos who was over there or vince who was here in the u.s. that's where we are right now. it's almost as if, you know, lots of talk, no action. liz: all hat, no cattle. >> i don't want to say that you know, but that's what it looks like. liz: i think davos, you and i both been there, we don't go anymore. it is lot of networking. >> the food sucks. only thing good about davos, is the hot chocolate is not swiss miss. you get the real swiss miss. liz: you get the real swiss miss. >> i did take a picture with a real swiss miss when i was there.

liz: that's fascinating there is a great cheese shop on the main drag. it is not worth schleping let's put it that way. thank you, charlie gasparino. you're seeing a bit of a selloff, as you heard our floor trader at the top of the show, nasdaq has been up six days straight. the streak will be snapped. the dow and s&p are down for the second session in a row. the dow is losing 2 55. where are you doubt pure money now? reit stocks have endured a brutal two years with rising interest rates with optimism interest rates could be cut this year reits benefit from financial pivot seeking higher yields elsewhere. all right? yields? it is all about that. janice henderson portfolio manager greg kuehl, he who manages $308 billion in

management. reits is a broad statement. there are commercial real estate reits, maul reits, other areas. which reits do you think stand to have a decent runway here? >> thank you for having me, liz. as you said there are a wide variety of property rights within reits. youyou have to pick oar suppose within the sector today. liz: right. >> it is not as easy in my opinion saying offices are bad, malls are bad. as you said the sector has been through such turmoil over the last go years. across the board really i think there has been good that has been thrown out with the bad. liz: sew you like amercold realty trust. talk about what the actual yield is on that. you get paid to sit around and wait if the market is a little bit frozen, right? >> you do. so that's one where the yield is a little bit lower than the reit average. so it is probably 3 1/2 to 4% on a dividend yield.

i think the story with a mayor cold has to do more with growth. this is a company that is supply chain logistics for food. so it's primary the u.s. but also global. cold chain infrastructure. this has been a choppy business the last few years coming out of the pandemic with various disruptions in food supply and also the labor market. they are huge employer of people that work in these facilities. if you think about 2024 we think you start toe normalize in terms of demand for their assets and labor will be a big tailwind for them. liz: greg, thank you. you like agree realty and sabre. tomorrow four time super bowl champ ron gronkowski and leon cooperman. dow will close down 229 points. we'll see you tomorrow.