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ibly9 you can thank tech for any green you see on the screen. investors are keeping the dow, s&p and nasdaq of float. the s&p is gaining 34 points or 3 quarters of 1%. the nasdaq powering hard, 186 points. do you want to see which tech names are looking good? semiconductors, marvell technology shattering the roof. it is gaining 4. 5% on track for its highest close of the year. then kla up 5%. for defects, research and chipsmaking equipment jumping 4.5%. they are leading the nasdaq and

the s&p and more microchip names, qualcomm, everybody in the green and i'm going to show you in video, the leader in ai chips is at an all-time high, up $7.83, 1.5%, to $568.30. in video went public, priced at $12, felt two months later to wonder one dollar. right now as we look at this price of 568 and change, that's a 69,000% return had you bought on that day in 1999 so what flipped on the semi sector switch? taiwan semiconductor, the chipmaker, projecting 20% revenue growth propelled by booming demand for the higher-margin chips that drive ai applications and the bulls

are driving tsm northward by 8%. close to session high. this was $82 stock over the past year, now it is 111 and change near the two year high. what's going on with the dow, the blue chip strengthening as we continue through 58 minutes left to trade, up 154 points. apple and intel catching the wave, apple up 3.5%, intel up 1.4% but apple, because it is so close to the top of the dow after having languished the past couple sessions, apple is in the green thanks to bank of america upgrading stocks from neutral to a by. apple's vision pro head set is going to drive revenue. tomorrow is the day you can put in a reservation, they ship february 2nd, apple at session

highs but look at boeing in the number one pole position up 4. 24%, this revenue comes on news that indonesia has allowed three boeing planes to fly again. they have been grounded after the door plug on an alaska jet broke off midflight in early january. after an inspection indonesia deemed to their boeing jets airworthy. it marks the completion of the first full week of trading spot bitcoin etfs. when retail investors are pouring into billion dollars, bitcoin trading below $41,000 right now. galaxy digital's ceo the first to launch a spot two years ago. and now has bts in the us here. the real wolf of wall street has a message for all investors he believes you must here.

billionaire on whether the legions of empty office buildings portend a stock market crash like it did in 1986. remember the crash of 1987? that came after empty office building numbers. president biden speaking in the last hour in raleigh, north carolina touting the strength of the economy under his administration but shying away from using the catchphrase bidenomics. he didn't mention the term even once during the speech, this on the heels of very bullish labor data that came out indicating job market remains on firm footing as fewer americans than expected joined the on employment line. we have strong housing numbers. housing starts up 7%. that is the problem. those pieces are based on a

second signed this morning, the second this week that regional manufacturing is slowing. when we said regional we have the mid-atlantic region numbers and is that on the heels of the empire index showing upstate new york manufacturing doesn't look good. americans are still tussling with stubborn food and shelter prices. how will president biden's where with the good or the bad ahead of the 2,024 election. as we wait for the chairman of economic advisers jared bernstein who is getting in front of our cameras from the white house lawn, let us look at the dow winners, we show you what's going on with apple not to mention boeing and intel but walt disney is seeing again of 2% after nelson peltz went on cnbc and said he's not done agitating for better stock price on disney. unitedhealth group, chevron, procter & gamble and green

boots alliance and flipped to some of the s&p winners, x, what's going on with the semiconductors and that includes the nasdaq winner that you times, amd is in there and so many others, southwest airlines both moving higher at the moment. a strong performer over the past couple sessions up 6.5%, caesar's entertainment got 5. 5%. and the strength of the semiconductors is not to be sniffed at at the moment. they are powering this market higher. we have this fox business alert. investors trading for stronger profit margins. despite top and bottom line earnings beat the stock is plunging after reporting adjusted gross profit margin fell 20 basis points, you can see the selloff of 8% for

birkenstock which recently went public to a lot of fanfare but maybe it's the winter, people don't need to wear open toed sandals, they've got to spread out their business and diversify. the cork shoes. i have a couple pairs. let me get to the disney story because it is big. activist investor nelson peltz has taken jabs at disney as his proxy battle wages on saying this company is just not being run properly. the board inside his awful. the 3-month proxy battle began when peltz cofounder company announced it was seeking two seats on disney's board in november. ceo bob iger doesn't want peltz to have board seats but nelson peltz pointing out no one on the board including bob iger holds more than $15 million of disney stock. may sound like a lot to retail investors. it is not.

these board members are very wealthy. iger is worth a lot of money. they should be more invested in disney stock. disney is up 2%. humana need to defibrillator, it is down 8. 5% off a 52-week lows after the company lowered its adjusted earnings and warned about higher medical costs. the news has had a ripple effect on the rest of the healthcare sector. they are down 2%, sigma down half of one%, unitedhealth group taking it as well, down 2%. joining me to talk -- the question why president biden didn't mention bidenomics in the speech he gave in the last hour. you worked in front of the

camera, there were strong economic news that showed jobless claims unexpectedly fell. we are not here to weigh this either way but why didn't he mention bidenomics in the speech today? >> thanks for inviting me. glad you highlighted these numbers. yesterday we had an equally nice upside on retail sales clearly connected to strong labor market easing inflation, rising real wages. when president biden talks about economics, that's bidenomics. he uses the phrase frequently. he doesn't say it in every sentence but biden talking about economics is bidenomics. empowering workers with tight labor markets, easing prices, rising real wages, we are seeing that in real time and it is great to see for american working households.

liz: why does this not resonate with a lot of voters? i say a lot because you look at president biden's approval ratings and they are at record lows. that could be issues outside the economy but people vote their wallets, you know that, i know that. inflation has come down from a year ago where it was ridiculously high, 9% but we continue to have an above what the federal reserve says should be normal inflation, 2%. there's so much mainstreet frustration here. >> there is a lot there. let's try to unpack. if you look at the inflation gauge which the fed tracks most closely, the core pce, has been running 2% so that is good news. any month could go one way or the other but it's widely accepted by market participants, those who were assuring us we would be in a

recession which we are in anything but that these trends have been favorable. part of what you need to do is get a little bit under the surface. we learned yesterday that 65% of young people tell us they are happy with their finances. you mentioned bidenomics. ask people about insulin costs, $35 a month, 82% support giving medicare the power to negotiate lower drug prices, that is something this president got over the legislative transom and it is lowering prescript and drug costs for families as we speak. you have to get below the surface and ask specific policies because i agree with you, when you ask weisbrod questions you corral a bunch of other sentiments. i'm not sure what you are tracking. i'm glad to see people are spending money, supporting consumer spending side of the economy, good retail sales, good labor market results.

liz: let me get more specific. you pulled outta show on me. i caught that. we go way back. i get it. let me give you something good and it goes back to why the voters don't see it, whether you believe the polls or not. since the election, the dow, you told me i wasn't getting specific. since the election the dow has gained 35% since biden was elected. the s&p 500 has jumped 40 one%. people gauge how they feel about the stock market if we could put these numbers up, the nasdaq since the election up 34%. i will ask again, why are people not looking at this and saying get what be? i can tell you in part why and let you answer the question, energy prices. since the election, this is the converse picture everything

from crude to gasoline has jumped exponentially. if you could tell me what the problem is? >> two things. you said something very important. something the president says every time he talks about it. too many prices are too high. that's correct. the question, are we moving in the right direction? do we have a right policy set to address these problems and is that addressing showing up in consumer sentiment? let's unpack that little bit, inflation is down 2 thirds from its peak. we also know that prices have been falling, not just inflation, deflation, lower prices, gas, milk, eggs, car rentals, airfares all of those prices are low where. liz: still above pre-pandemic levels. >> not airfare but look at the consumer sentiment.

in december consumer sentiment jumped 10% in the conference board and 14% in university of michigan polls, expectations about inflation remain low. i mentioned we saw 2 thirds of young americans say they are satisfied with their finances. my point is prices are too high, we have more work to do to get them down but we are doing that work and it is starting to show up in these consumer sentiments along with rising real pay job satisfaction so what we need to do and i'm happy to do this with you is continue to track these measures to confirm or deny my claim that we are on the right track and this progress is showing up in sentiment surveys. liz: if they want to see a bad economy, this ain't it. this is not it. a bad economy is post-financial crisis, and the pandemic which was a complete disaster.

no jobs, job lines. i see that. i want to ask you on energy, the strategic petroleum reserve. the biden administration pulled out 40% of it since he has been president, 200 million barrels, we are going to put that back in for a real crisis? >> there has been some build up back of the strategic reserve and interesting the way you will appreciate this as someone who reports on energy trades, this is oil the administration sold for $95 a barrel, that's a nice deal but can i say one other thing. what you were talking about, that's important, glad to hear you point that out. we have to acknowledge that it takes a while for trends to reach people but let's not forget who is fighting for whom. just yesterday you heard us and

ounce important measure to go after overdraft -- liz: we are going to get caught off. we've got a commercial break coming get. we are coming get back, dow jones industrials up 184 points. unitedhealth group, the leader, boeing. you can't buy great conversations

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liz: it has been one week since 11 bitcoin etfs were off to the races after winning approval by the security net exchange commissioner, trading get volumes have been skyrocketing, the etfs are down between 8 to 10% since the launch. the top three performers, if you can call this performing, grayscale down 10%, bitcoin

futures down 12. 6% and wisdom tree's bitcoin fund down 11. 4%. when you put them together, what differentiates each of the 11? only one of one "america's weather weekend," the galaxy digital etf got out two year head start of sorts. galaxy digital launched its bitcoin etf on the toronto stock exchange in canada in 2021, down 22% since the launch, it soared 99% in just the last year. galaxy digital holdings ceo joining me in a fox business exclusive this first week closing out the etf trade but as of tuesday's close the etfs traded $10 billion. that's three days. what are you seeing for the weekend what does that tell you?

>> this is unique partly because the grayscale trust was $30 billion plus and people locked into that trust for a long time, a lot of big discount so you see a lot of rotation at grayscale into other etfs. some people rotating out of bitcoin because it's an easier place to hold your brokerage account and get leverage. i went on a competitor's show and the, 49, 40 one, the whole space traded 49. liz: you didn't say it on hours. >> should have said 41, 49. i think let's step back for a second. this is the first time the us government in a broad way said bitcoin is an institutional asset. you've got from our guys at

invesco, larry fink, kathy word and sales forces in 13 places selling bitcoin and selling is the story of historic value. you have short-term volatility but the big play is over six months to six years and you will see more and more adoption. you've got an environment where the inflation rate is cut in half. the fed will be cutting rates and more institutions will feel comfortable playing half of 1%, 2%. the future looks pretty good. we've got to get through this turbulence. digesting the news and every etf launch is to buy the rumor and sell the fact. it goes down and rallies. liz: people don't understand,

smart people on wall street of these funds are attracting to billion dollars in a couple days why is the price of bitcoin going 47,000 down to 41,000? >> some of that money is people buying get etfs so it is net neutral. some of it is grayscale people exiting. there was a lot of hype going into it so people had a lot of leverage. these things are traitors markets on day one and this has been a traders market as opposed to investors market. investors should purchase on day 15. liz: we are going to check and make sure what it does on day 15. really quickly we have finally seen, like having a baby here, people waiting months and months and years to get this approval do you think the ether

spot price etf, the possibility of that will take a shorter time to get approved a? >> i do. it is complicated because the sec has not wanted to say ether is not security. chairman gansler before he became chairman clearly said it's not security but since he's the chairman he hasn't ruled on that and he has been very adamant about not answering that question. the same logic that allowed the bitcoin etf which was we already have a futures etf, what are you talking about? that judge's ruling allowed the bitcoin etf, you've got to think it's the same with ether. there's a futures etf that makes no logical sense about the cash flow. liz: we are looking for day 15 and beyond.

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hive digital technologies. a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuring a robust growth strategy that aims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. liz: this is interesting. football a huge business. one nfl owners thinking of more than the gridiron. the billionaire businessman is in talks to rebuild ukraine's economy and could be searching get for a place to build a new factory in western ukraine.

charlie gasparino says it is barbara kraft. charles: the billionaire owners of a team that used to win the super bowl. that dozens when a lot of games. it made him very rich but before he did that he was in the paper manufacturing business. he does his banking through jpmorgan. jpmorgan has been in high-level talks to rebuild ukraine. jamie dimon as we first reported, headed the meeting of top wall street guys. they are all together. you see them in the background. they met with jamie dimon for

an investment firm. zelenskyy didn't come away from getting money for the wall street guys but the one part of this money raising exercise is kraft, had preliminary meetings, looked at sites and is going to build a football stadium or create a football team, but paper manufacturing because that is what he does. if you look at the craft group they do a bunch of things including sports but that was his main business for many years. that is what they are looking at in ukraine. they are holding discussions. by the end of the year, if they could agree on something by the end of the year it is the western half of the country, that's not where the war is.

why can't they get more wall street money here? they have 0 right now. they are very nice, jamie dimon is extolling the need for ukraine to win and we are behind him and want him to fight back putin's aggression. wise interest happening? someone at jpmorgan told me the minute the last bullet flies over there, they are ready to roll with investments but you are not going to just throw money into a country if you don't know you are paying taxes to vladimir putin in the future. you know it's a stalemate. liz: so many are not going back. if like you said. charles: who wants to do business, if bombs are flying, what kind of tech sector can you create, the western part of

the country is night and day. eastern is the war. that is where i think, that is where i know about factors, one guy is stepping up to the plate in a major way, bob kraft. is also jpmorgan, that make sense. liz: thank you very much. leonardo dicaprio played him in the oscar-nominated film a, now the real wolf of wall street is taking on a new moniker, the wolf of investing, jordan belfort is here next to tell us how he turned his life around and using his legitimate trading skills to help people beat the market but the way he says to do it now is really interesting. is look at the nasdaq leaderboard. applied materials, it is an

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liz: here's a stat. let me stress it here, the s&p last year climbed to 24%. %. one of the best performances since the 2008 financial crisis. put it into perspective. remember the dot.com bubble burst in 2000? the s&p finished in the red for three years in a row dropping 40%. what are we going to see this year and extend the next couple years? should you be throwing your money at the s&p index? pumping individual stock names

is here and he says yes. park it in the s&p. jordan belfort's controversial time on wall street as portrayed in leonardo dicaprio in the adaptation of the wolf of wall street is taking what he learned from his mistakes to pump up your portfolio. want to bring in the man himself. is the author of the wolf of investing get. you are now saying get, you, a man who made lots of money on individual stocks, most of them circular. suspect, is now saying the s&p, why? >> if you go back the last hundred years and print your money in the s&p 500 and hope for for the long term, not for

one year or three years, this year, last year improved dividends but what about the dot.com bubble burst? they are down years and up years but if you look at the long-term, over any 10 year period, 20 years, 30 years, you buy and hold it. you outperform 99% of the hedge funds and mutual funds, paying virtually no fees, no expenses attached to it now. as i lay out in the book, the bottom line is everybody has to make a certain amount of money. where do i invest and if you think you watch cnbc buying the stock, selling the stock, trying to climb the market it doesn't work. over the long-term the s&p has proven to be the most lucrative investment for the average person. a few people in the world can

beat it consistently. a few money managers. they are not going to take your money. they are like the rock stars of the hedge fund. the other people suck at what they do but bathe in the afterglow of superstars. they underperform. liz: house anything you're saying different from warren buffett who came on the show year after year after year and said i have my wife's money in the s&p 500? you are not going to pay fees and you will do well. anything different about your message? >> fundamentally now. when i explain it in the book i do it in a funny engaging way so people will embrace it. the information is out. i didn't invent this strategy. investors know that it's the best one, the greatest kept secret in the world. liz: you've been on the other

side where you tried to convince people to purchase individual stocks and you say the money is coming, this is it, put it in, this will double and triple. is what you learned and went to prison for what is driving you now because you know the other side and the other side doesn't want people to understand intrinsic value or price to earnings ratios? >> yes. i've seen the cd underbelly of wall street. wall street is necessary. they create massive value. the way you take advantage of that and get the best things wall street creates create is by buying the s&p, holding it and if you can make little contributions you take a small amount of money and over the long-term turn it into a giant nest egg but you won't do that with mutual stocks so every investor should do this. liz: what will the s&p do this

year? >> i have no idea. if anyone told you they know is lying. over ten years it will be a lot higher. we don't know what it will do or tomorrow, 6 months from now, you don't know. over the long-term, it compounds 10.5% a year. if you engage in long-term compounding, let them do the heavy lifting. liz: and acolyte of bitcoin. a lot of people i bitcoin curious, they want to see because they believe there's going to be some they are there, digital currency seems an evolution from paper money. you have liked crypto in the past. >> i like bitcoin. i own bitcoin but long-term investments. not trying to time it for this month or next month. i think it will be much higher.

my point about why is the etf down? a typical, everyone bit up the price of bitcoin. what happens when it comes up? it goes down. it happens all the time. i wouldn't look at that is a reason. people can purchase bitcoin, 10% of your portfolio, impressive 10%. i love bitcoin. that's my opinion. if you do that don't trade it. just put it away and hold it for five or ten years and you will do well. liz: you are a motivational speaker. i'm listening to you and i can hear your charisma. i need to ask on behalf of my viewers why should they listen to you? you went to prison for 22 months on fraud conviction and 200 million taken from mom and

pop investors, some wealthy, some -- you are telling me leo -- >> that was not true. liz: you haven't paid all of that back. >> that was -- the people that lost money is far lower. liz: you have paid that back? >> i pay money but no one gets it. liz: the money you made from the book, where does that go? >> me. to me. liz: should it go to the victims? >> the victims have been paid back. liz: let me take it here. as we look at what wall street doesn't want you to know. you explain in the clearest terms ever what all the terms wall street doesn't want people to understand you explain

clearly. wall street doesn't want people to understand it because they want you to go to the man pay them their fees. what did they know about paying fees? >> most things in life, paying the fee is a good deal. if your pipes break i suggest you hire a professional plumber, you will get a better outcome than fixing it yourself. pay the fee to the electrician. he will do a better job than you. the one exception to this rule which everything else, doctors, don't do surgery yourself. the one exception is financial experts. when you pay a financial expert they give you worst result than you can get yourself. the one exception in the rule of hiring experts, you don't need them, they are necessary and the reason i wrote the wolf of investing, everyone should know this. the information has been out there and proven by study after

study after study from 50 years on word onward but advertising and brute force of the wall street theme machine conference. they convince the average investor to stay in their corrupt casino playing the game when there's an alternative and buying the s&p index and a couple other positions, they are long-term investments, ultralow fees and that is how you really build up from the stock market. liz: thank you for coming on. thank you very much. listen, if you're going to pick somebody to present, leonardo dicaprio, not bad. she helped build facebook into a social media phenomenon but now sheryl sandberg is making a big move and it is away from meta. that may be good news for frank mccord junior who is railing against big tech returning the data of american citizens into their own digital goldmine.

the founder go joins us next. metaphor its part has done absolutely brilliantly, up 176% over the last year. who knows what it will do this year. as jordan says. if anybody tells you, they are lying. "the claman countdown" is coming right back, stay tuned. only at vanguard you're more than just an investor you're an owner. that means your priorities are ours too. our retirement tools and advice can help you leave a legacy for the ones you love. that's the value of ownership. with the majority of my patients with sensitivity i see irritated gums and weak enamel. sensodyne sensitivity gum and enamel it relieves sensitivity helps restore gum health and rehardens enamel. i am a big advocate of recommending things that i know work. mara, are you sure you don't want . . we're just passing through on our way to the jazz jamboree.

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♪. liz: oh, boy, five minutes before the closing bell ring, markets are at session highs right now. we've got the dow up 207 points, s&p up 41 slightly under highs of the session. by the way the dow is having its best day of the year. i know the year is only 18 days long so far. hey, what are we here for? to give you up to the second news. this broke this morning, meta, former coo sheryl sandberg is lg the company board after more than a decade. she departs at a time when the company behind facebook, whatsapp, instagram, faces regular aer to scrutiny. she helped facebook become a juggernaut, she was criticized letting it run amok during 2016 and 020 elections. the platform is under fire for allowing the spread of misinformation and doing nothing

about it. you have artificial intelligence into the mix. sales force, service now, ibbm other companies are touting a.i. the be-all-end-all when incorporated into it is businesses but can we trust the a.i. to police the internet. joining us frank mccourt, sr., he was head of his real estate company and he left the company with rebuilding internet and social media with a new project, problem project liberty. you're joining us right now. sheryl sandberg is one of the two, along with ceo mark zuckerberg widely criticized for allowing all kinds of misinformation, what has changed since the 2020 election? >> really nothing, which is the issue and which is the focus of project liberty. enough is enough. we see the harms social mead mea

and big tech is doing generally to our society in general, undermining democracies, harming kids and so forth. it is time to fix the tech, have it work for people, not these platforms that is the focus of project liberty. i committed half a billion dollars for the effort. that is the seed capital that will be required here to change how the internet works. it is very, very doable and it is necessary. we're entering a election season. i came back from davos, misinformation was the number one issue executives were concerned about. it is chaotic right now. we're entering into a very important lech election in the u.s. and democracies around the world. liz: sifting in that chair yesterday, palo alto networks looked us in the eye, seeing 50% increase in hacks animal wear ahead of the 2024 election in november. it will be quote, crazy. you talk about creating a more

responsible internet. what is an example of irresponsible technology? >> well it's, what we have now. so basically the current tech architecture basically it's a autocratic, centralized surveillance-based technology that basically scrapes our data, not just yours and mine, everyone. liz: everybody's. >> aggregates in four or five big platforms and those companies decide what to optimize for. what ended up happening the web, which was designed theoretically to connect all of us and to lift up humanity was co-opted by these big tech platforms and it's become, as i say, very, very centralized. we need to re redecentrallize it, so individuals are at the center. so it is an internet for human beings, not platform.

liz: quickly what we're seeing in offices in the big cities the highest rate of emptiness since 1986. we know what happened in 1987, it was a stock market crash. does what we have in real estate portend a stock market crash maybe in a year or two? >> i don't know. i can't predict the future better than anyone else. i think real estate is definitely going through an adjustment but it will adjust and, i think the most important thing, liz, we need a big, bold, project right now to redirect where the country is going. i would argue that fixing this technology and really having this tech work for people will lift a lot of boats here. so, fill a lot of office buildings. liz: frank mccourt, jr., we applaud for what you're doing. i want to see you before the election begins to heat up once again. [closing bell rings] we have all-star line up tomo