should be looking long term and looking to hold cash and buy emerging markets which are doing very badly and will continue to do badly as we enter recession. so stay away for now, but buy them once they're substantially cheaper. you'll notice china -- charles: so we've got emerging markets, particularly india, japan, maybe china. hold on to cash, and t-bill and chill, something that you don't normally do, but in this environment -- i love the fact that you're getting people prepared for what may be down the road unstead of being so myopic, because this market -- and believe me, it's the experts more than anybody anyone if else have become so fix sainted on chasing performance, i think it's going to hurt them and a lot of people. jeff, it's been an absolute honor. thank you. we really appreciate it. >> thank you, charles. good luck in 2024. charles: you too, buddy. liz claman, taking you through the next hour. hayes liz wow with. he says that the magnificent seven have peaked. we know one thing, one of them is heading down right now and

pretty dramatically. [laughter] thank you so much. great interview is. breaking news, the s&p's hot streak is still kind of sizzling as we kick off the final hour of trade. so once again, any gain for the broader index will mark the fifth record close in a row are, so you have to stay with us to watch this one. right now the s&p is up 12 points. we've got the dow up 107. if the nasdaq has flipped from positive to negative and then back to positive again. [laughter] finish this thing is just straddling the flatline. but earlier the nasdaq was up 115 points at the high. so let's pull the monkey bread of the market apart to see when with's really cooking, and it is ibm if baking up to an 11-year high. so this gain that you see right now of 9.33 % is the largest percentage increase in 24 years. big blue reporting its generative a.i. business doublinged in the fourth quarter and says the division will power revenue growth this year to the tune of 4-6.

this rise in this session alone adds about $20 billion to ibm's market cap. nice move. speaking of market caps, microsoft just below that $3 trillion market valuation at the moment. it's gaining about a quarter of a percent to $403.65. that a gives us a -- can it a market cap of exactly, it just flipped, exactsly $3 trillion. let's see if it can close there. now, earlier shares topped $407 on news it plans to lay off 1,9900 jobs of about 8% of activision blizzard and xbox staff, positions it attributes to employee redundancy in the walk of its acquisition of activision blizzard. shares came a little bit off that, you know, that froth there and, as you see, we're now just about $403.59. news did break just after noon eastern time that the federal trade commission is launching an inquiry into generative a.i. investments and partnerships and, yes, that includes

microsoft's multibillion dollar partnership with openai, the creator of chatgpt, the most popular chat bot. but we still have microsoft in the green at the moment boeing with barreling to the bottom of the dow jones industrials heat map. shares are lower by 6% or $13 to $201.01. they're getting slammed for the second day in a row, and it just so happens that actually coincides with the second straight day ceo dave calhoun is walking the a halls of congress to answer questions senators and, as you see, reporters like our hillary vaughn have about the steps he plans to take to improve quality inspections of boeing max jets after a door plug blew out during an alaska air flight. but then you flip it over to alaska air group shares, they are powering higher by 4.a 5%. if after the ceo with insisted, quote, we got a faulty door plug from boeing and that we're going to raise the quality bar on boeing and hold its feet to the fire to ensure boeing sends us

good planes. well, from planes to autos, tesla's stock, that is the mag a enough sent seven name that is skidding hard. it is down right now 11.8 president after the ev maker missed on both fourth quarter profit and revenue and ceo elon musk admitted tesla needs to start spending on advertising. now that the ev market is getting way more competitive. this is a major admission by musk. they do not advertise. but one longtime tesla bull now frustrated investor ross gerber predicted right here on "the claman countdown" yesterday before the earnings releaseing they've got to advertise. listen. >> tesla is working on a dynamic pricing model where they don't make any effort to increase demand, and it looks like the way they're trying to increase demand is by doing some sort of world tour for the cyber truck even though they don't have cyber trucks to sell people yet and maybe not for a while. and so, you know, they're trying

to goose other sales by using the cyber truck, but they just need to advertise like ever other carmaker, you know, on the football game, you know, like the 49ers game had the highest ratings ever, and all the other car company are advertising except tesla. liz: yeah. tesla right now not looking healthy at all. and with apologies to the eagles and life in the fast lane, call the doctor, humana's crashing. the health insurance provider is diving right now. this is a big, ugly dive of about 1111.33% -- 11.33% after a wilder than expected quarterly loss and warned skyrocketing medical costs will severely dent full-year numbers. humana at the very bottom of the s&p 500. so on a day like this, do you sell your winners and buy with the losers or the other way around? let's tackle the big movers we just laid out in both directions with market rebellion traders jon najarian and mark la pressty. humana, it's at a 24-year low with a hideous outlook.

mark, what do you do on a day like this? >> well, liz, if i'm a hair holder, i'm licking my wounds -- shareholder. my big concern for this name is i think it's got further to go. this is all about that medical loss ratio. that's how much of an insurance company that they keep of your premium. if they don't have to deliver care, profits go up. it's not rocket science. but it's really, really hard to get my head around the fact that the c suite got this so wrong and it's not just humana, it's across the industry. this has more to go to the downside. liz: jon, they came shockingly short of 2024 guidance, but you are the opposite of mark. you're saying buy it at this price. why? >> yeah. well, liz, some trader, by the way, put about a quarter of a million dollars' bet on the earnings, and he bet that -- or she bet -- that it was going to go down. and they made $10 million off of that. so that was a heck of a trade. that was in the options of

humana. i think right here the reason that i'm optimisticking is this big correction, take taking it down to those levels as you said, liz, that it hasn't seen for years. think what they're going to do in order to expand those margins is, haha, increase premiums. iowa e going to move premiums costs up. that's not good for consumers, but they are going to do that, liz. and when they do, i think then people will say, oh, okay, now i like it again. and it will have been after that the nearly 20% drop today that they've cut in half almost to an 111% drop. $11% drop. liz: okay. you're saying it'll find a way. ibm's the best perform on the dow, third best performer behind united rentals and american airlines on the s&p. jon, i'll let you go first on this one. and i just have to say this, warren buffett if is probably kicking himself right now. several years ago when ginny

if -- was running the company, he went all in. he really believed in ubm. now he's out of it and look what happens. it's been an absolute winner. >> it has been. but warren buffett would probably say back to you, liz, you know what? it's at the four years ago when they closed that red hat deal, it's at the -- it's lore than where it was then, liz. so, yes, warren buffett and liz claman if would have been collecting dividends all this time -- [laughter] but you didn't make any money on the stock. it didn't go anywhere for the last four years. this is at little bit of a breakout. can it continue? i suppose it can, but they act like consultancy is a brand new thing at ibm, but it's been around since 1992. that's how long they've had this consultancy business, and and they've shed a number of other business with lines. so -- business lines. so i don't know that they, you know -- yes, they added cloud, liz, but cloud at iwm -- bm is

not the same as aws at amazon, not the same as google and apple. i wouldn't write 'em off. liz: marc, i know you're sitting there saying, yeah -- >> he's chomping at the bit. liz: -- just say two letters, a.i., and that's the growth of proposition here for ibm, is it not in is. >> liz, there's no doubt. and this is the olds oldsmobile of the a.i. stocks. [laughter] it's been around since computeor took up buildings the size of the heat stadium not far from where jon and i are right now. here's the thing, it's enterprise a.i. this is why i love this stock. they've got watson for coding, they've got watson for hr, they've got watson work industry that -- work industry that provides a.i.-based management. it's enterprise a.i. i don't care about chatgpt. it's great, but where the money's at and where the money's going to get minted in 2024 -- liz: enterprise, yeah. >> and they are the leader. i don't want to catch a falling

knife on humana. just because something's cheap don't mean if i'm buying it, but just because something's expensive doesn't mean it's overpriced. liz: it has lagged the magnificent seven, and today it is down 12%, tesla. elon musk came on the conference call and, of course, dan ives said it was a train wreck of a call. but i don't quite think it goes that far, but i do wonder about what they plan to do to stop cutting prices and increase sales, because they don't seem to be on that trajectory. >> well, and one of the reasons there, liz, was, you know, you had hertz dumping 20,000 tesla, onto the market because people just weren't renting them at a hertz. that was hurt, if you don't mind the pun, any car manufacturer, to have a ton of those vehicles dumped out there just as you're trying to move an unvenn inventory -- inventory that is building up. i don't think that's going to happen every quarter.

i don't think you're going to see avis or national or budget or any of these others, if they have teslas, just pushing that many into the market. supply and demand still works, liz, so if you have an oversupply, you've got to pull that supply down or push demand up, to your former guest that was saying, yeah, we need advertising. liz: yeah. >> he might need advertising now to move some of this excess inventory. liz: he said he wants to advertise in japan because nobody's driving them. marc, what do you think? >> anybody who thinks tesla needs to advertise has not been on the 405 recently, because you would think they give you a tesla when you land at la, and -- liz: yeah, i know. same with the west side highway in new york, they're all over. >> it's getting that way too. and here's the thing that a drives me a little nuts and i know it's cliche, but this is not just a car company. there are orr lines of business. -- other lines of business. tesla's one of the biggest names in the data business. they're not monetizing all of it

yet, but if this thing winds up in the 160 range, i might look to start picking up. liz: while you gentleman were talking, the nasdaq punched back into positive territory. we're looking at some nasdaq name that is we just tackled. paramount's a big mover. jon, i know you like it. listen, thanks to both of you, great to have you, jon najarian and marc lo pressty. so it's final hour weekend in the nfl. fans of the niners, the lion, the ravens, the browns -- oh, wait, i meant the chiefs. gearing up for the conference championship games which means the key ingredient at football weekend parties around the nation will be in hot demand can, and that would be propane. the ceo of one of the biggest propane retailers in the nation, suburban propane, is here to tell us why his alternative fuel is actually seeing a rampup in usage beyond that outdoor grill. yes, it's pluckily traded. -- publicly traded. crude oil topping $7 in the

aftermarket right now $77. it's gaining 3%. a whole bunch of reasons behind that. we're going to tackle all of it when "the claman countdown" returns. the.. sup -- s&p up 13, the nasdaq up 5. ♪ ♪ if

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final four tailgate, they are running to the store for hamburgers, hot dog, chips, salsa and queso but, most importantly, proif pain. grill -- propane. it's kept the outdoor heaters blazing and generators running, but who's supplying the consumers with all that proif pain? the first and oldest propane if company in the united states and one of the largest commercial and residential retailers in the nation is sub suburban propane. it is a publicly-traded company, and the ceo joins me now in a fox business exclusive. well, mike, obviously everybody knows about propane powering grills, etc., and, you know, little sterno cans in the food, but this is a much bigger story. explain to an audience that may not think they use propane or have a touchpoint with propane why your company and your stock is something they need to look at. >> well, great. first, liz, thanks for having me back. it's great to be here. our story's really a story of an

energy source that solves so many of the nation's needs for a resilient, energy-secure, reliable energy source. propane has been around for over9 95 years. we are the oldest, as you say, and propane is really known for its versatility, its afford if about, its clean qualities, but mostly its portability. and so wherever energy is needed, we can deliver energy and on demand we can have propane power up the grid, heat our homes. in short, we can have enough energy for cooking. and in the end, it's a clean energy source. and for suburban propane, we're proud to have our 95-year legacy and be able to say we are the oldest propane distributer in the u.s -- liz: which would make me think that you would dig your heels in because it is a liquid petroleum gas. that would be a fossil fuel. and yet you are spanning all of

the different levels of the spectrum of energy whether it is renewables or something like heating oil, crude oil, natural gas. you also deal in those. >> right. liz: let's talk about natural gas. lately we have seen it move higher. earlier it was up pretty dramatically, and then i thought i saw it turn around. right now we've got nat gas at the moment down 2.6%. it had been up earlier. we're waiting on lng terminals. the biden administration is pretty focused and working to approve the largest lng export terminal in the u.s. decision's delayed, a review by the energy department on, once again, how it would impact the climate. but make the case for lng. >> well, so, look, in our business we are -- our job is to advocate for propane, right? propane is a clean energy source as is lng, and ln if g terminal, the ship -- the great resources that we have here in the united states over to europe to meet their energy needs is an absolute major part of the

energy slate. for suburban to pain, our job is to -- propane, our job is to get the word out of the clean qualities of the existing propane that a we're delivering today. but in order to do that the right way, the decisions we've made is to be an innovator. so we now have our suburban renewables platform. and you're right, now, today, we're offering our customers renewable natural gas which we're producing from dairy manure from dairy cows. liz: well, what's the profitability prospect if for that? i mean, if i'm looking at your company and saying should i buy this stock, where do you see earnings going, and how would something like that add to your bottom line? >> so i think we all have to transition with the needs of society to lower the carbon footprint of energy across the entire economy. right? so there's, fortunately for all of us, there's lots of government subsidies today to encourage the development and use of renewable sources of energy. and over time those sources of

energy, through innovation, are going to be that much more affordable. liz: it's going to take time. but you and your profits, how are you projecting them to get bigger and better? >> well, so for us we have this great 95-year-old proif pain company that generates -- propane company that generates a great cash flow, okay? our job is to develop a growth platform if through our renewables investments for setting the business up for the next 95 years. so it's not going to happen overnight, but the beauty of it is that our propane business is so strong today, and we have the cash flow to continue to invest in the energy sources of the future, and we want to be part of the solution to support society's needs -- liz: okay. >> it's not just a desire, it's a need to lower the carbon footprint to defend against the effects of climate change. so we're not a, an old energy company that says climate change doesn't exist. we're, we want to be part of the solution. the reality is propane is a major or participant of the

solution. part of the solution. liz: mike, it's great to have you. thank you very much. >> thank you, liz. liz: sph, ticker symbol. thank you very much. bernie sanders does not agree with gordon gekko. breed is not good according to the vermont senator especially when it comes to hiking, tripling, quadrupling, quintupling drug prices. we'll tell you which drug companies' ceos sanders now wants to sit in a hearing room hot seat. tucker ihe flat today, but it has gained about 9% over the past 3 months. however, the three names he's going after, they'd better watch out. stay tuned, we'll be watching. ♪ ♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard.

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liz: fox business alert, big pharma might be looking at a big trouble soon. j&j, merck and bris old meyers right now are probably having meetings about senator bernie sanders taking the aim at what he calls, or quote, outrageous price differential between what americans pay for drugs and what the rest of the world pays for drugs. the vermont senator announced today a vote will take place next week on whether to subpoena the ceos of the three pharma giants after two of the three snubbed a bipartisan invitation to appear before the senate health and education subcommittee. listen. >> the reasons the companies have given us as to why they

don't believe their ceos should testify range from the laughable to the absurd. they really are pretty funny. they have told us that the ceos of johnson and johnson and merck just don't have the expertise the necessary to tell us why they charge so much more for their medicine here than a abroad. ceos of the company don't have their expertise. really? merck went so far -- this is the really interesting. [laughter] to tell our staff that their ceo is a tax attorney. who is not an expert on prescription drug prices. and they said that, i think, with a straight face. liz: so sanders cites merck's diabetes drug some of which he said cost americans $1,600 a year while canadians pay $900 and france pays just $200. >> i've got to tell you that on one of the most important matters facing our country, the american people, whether they're

democrats, republicans, independents, conservatives, progressives, whatever, they could not be more united and that is the need to take on the extraordinary greed of the pharmaceutical industry and to substantially lower the outrageously high cost of prescription if drugs in america. on that, the american people are united. liz: he might be right there. by the way, speaking of price hikes, novo novo nordisk and e eli lilly both recently raised the prices of their popular weight loss drugs by more than the rate of inflation. investors owning united rentals at this hour. united rentals is right at the top of the s&p 500. the company posted fourth quarter revenue that beat estimates. the equipment rental company also forecasting full-year 2024 revenue that is hire than expectations. in addition, the board authorized a new $1.5 billion share repurchase program that will be finished by the first

quarter of 2025. you know when they put an endpoint on it instead of just is making a promise, shareholders really like that. means they're going to follow through on it. united rentals up 12.25 right now. macy's moving higher on a new york post report that sycamore if partners is exploring a possible bid for the department store chain. so the stock is up 3.5%. sycamore has had talks under wraps with macy's since late december according to sources familiar with the situation. last week the retail chain rejected ark house management's $5.8 billion bid. we'll see if sycamore gets some attention here from the macy's chief there. northrop grumman dive bombing after reporting a fourth quarter loss versus a year-ago a profit. the defense tech company shares down 6. company says it would take $1.2 billion charge against the new b-21 raider bomber it's building due to increase in costs that have occurred since it won the fixed price deal contract all the way back in 2015.

these things really take a long time to come to fruition. the company says it will hughes money on the first -- lose money on the first five batches under the deal with the pentagon. the stock is on pace for its largest percentage decrease since november of 2022. aviation safety, very hot top tick at this hour on wall street but -- can doing but also on capitol hill right now as boeing's ceo talks to lawmakers for the second day straight about that alaska air incident if earlier this month where the door plug blew out mid-air. but what do airline pilots who fly these planes ask and aviation analysts think about all the tech when a u.s. carrie. carrier habit had a deadly crash in nearly 15 years? find out next. the u.s. global jets etf, ticker symbol jets, is up 26.75% over the last 3 months. we're talking all of that and more and which stocks stand to

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liz: fox business alert, $150 billion, that is i how much the weeks-long grounding of the boeing 737 max jets will cost alaska airlines according to forecasts which it came out this morning. the planes were grounded on january 6th after a door plug blew out during an alaska aerolines flight the day before. alaska airlines says it will have the max 9s fully deployed, out again, in 8 days. now, this just breaking, copa airlines beating alaska to the punch and allowing a 737 max 9 jet to take off from panama city i want to say about 37 minutes ago. it left the tarmac. but southwest, not so confident in boeing plane ifs. today on its earnings call, southwest 's chief financial

officer told investors there continues to be uncertainty about certification for a different mold, the 737 max 7, and it is going to say, you know what? we're taking fewer deliveriesful all this as boeing with's ceo continues to answer concerns from lawmakers on capitol hill at this hour x that's where fox business' grady trimble is standing by. you've been following him. what's he saying, what's he doing? >> reporter: he's not saying much to the media, but he is meeting -- he has met with senator it'd cruz today and senator tammy duckworth, both of them on the commerce if committee which is important because he might speak with them again at a congressional hearing. we'll get to that in just a moment. but, you know, you mentioned that some the airlines are concerned about a deliveries of these max planes. that includes alaska, united and southwest saying they expect fewer deliveries because of these challenges. the faa says it won't let going expand production of -- boeing expand production of its max line. when calhoun got here this

morning, he said he's here to talk about transparency e and responsibility, but when he left that meeting with senator cruz, he didn't answer any of my questions. why won't you say if you'll attend a congressional hearing in. >> [inaudible] >> reporter: is your job on the line? [inaudible conversations] >> reporter: should max if 9s fly again by sunday? so senators cruz and and duckworth did tell us after their meetings it's clear calhoun would attend a hearing if they asked him to testify. cruz says he and others on the commerce if committee want to wait to hold that hearing because they want to see what's in the ntsb's preliminary results of their investigation looking into what caused that plug to fly off the plane mid-air. take a listen to cruz today. do you have concerns about systemic production everybody shoes at boeing? -- issues at boeing? >> possibly. and i do think in approaching this issue we need to be system mat ific, and we need --

systematic, and we need to follow the evidence. the next question is exactly where you went, is there a broader problem that makes it likely that there will be other safety issues on other planes. i don't think we know enough now to answer that. >> reporter: so both alaska and united tell us that they're working to get the max 9 planes that they already have back in the skies as soon as they finish those inspections that are required by the faa. that could happen for united at least as early as sunday, and for what a it's worth, liz, senator cruz was asked if he would leapt his family fly on these max 9 planes once they do take to the skies again, and he said, yes, but that doesn't mean we should stop looking into what happened, what caused this and if there are other system ec problems at boeing in terms of production. liz: it's a fair answer. grady, thank you very much is. well, as boeing's ceo, david calhoun, tries to traverse the hill trying to douse these

fires, american airlines' ceo is pouring gasoline on the fire saying, quote: boeing needs to get their act together. the issues they've been dealing with and going back some years now, unacceptable. what is acceptable certainly is his stock at the moment. american airlines is soaring 9.7% at the moment. american posted a top and bottom line beat on fourth quart earnings while alaska and and southwest, which we already told you about, reported stronger than expected earn earning. could boeing's problem soon pill over and affect all airlines' future profits? joining us now in a fox business exclusive, american airlines pilot and allied pilot association spokesman captain deb can misand tigris financial partners' ivan. dennis, you've flown the max jets. what do you make of all of this, and what would you tell both the investor audience and passengers who fly if these planes about the situation right now? >> let's stay with our ceo on this.

he's right, they've got to get their act together. as a matter of fact, stop acting like a company that builds airplanes and be one. this is another letdown. it's a bit of a national tragedy, fortunately not with loss of life, but you have a major institution that is failing to live up to the standard of delivering these products safely and reliably. you know, a 20% drop in stock, $30 billion in market cap. if i was a shareholder, a i'd be upset. as a pilot p i'm outraged. you've got to build an airplane that's safe, and we've had a serious of things this year, in 2023, miscapitol hilled holes in production -- misdrilled hold holes, now this door, and senator duck worth just released a letter today voicing one of our concerns. all the maxes flying right now, today, today have an faa restriction to not run the engine anti-ice for more than 5 minutes in dry air. very easy thing to miss for a pilot. if you do, the faa says the engine could exploding penetrate the passenger cabin, and you might have to do an off a-airport landing.

it's, it's absolutely not the way you build an airplane. now, we can handle this on a temporary basis, but ooh i'm down to putting post-it notes in the cockpit to remind me to turn off something that might blow up in the air if i forget. that's just unacceptable. so, you know, our trust is beyond shaken. liz: yeah. listen, we stand with the pilots, for sure, on many of these issues. ivan, let's look at it from the shareholders' standpoint if here. ivan, southwest, tell that, jetblue, spirit and american do not use the 737 max 9s in their fleets. does that give them some type of potential dispensation when it comes to any hit that's going to come to their stock? would you go into those names versus united and alaska air which uses 737 max 9s? >> well, first, there is no margin of error here. it's got to be zero. these planes really have to be safe because god forbid something were to happen. the plus side is the travel

industry is on fire. i mean, consumer spending has shifted to spending on travel. the post-pandemic boom on travel is going to continue. every airplane today is full. you bo to the airports, they're crowded. hotels are getting -- airline tickets are up, hotel rooms are up. so luckily, we're going through a travel boom. sadly, airlines desperately need more planes, and this reduction or the ability for boeing not to increase their production is going to hurt the airlines, and we can't have -- liz: look, alaska says its current quarter is going to be hurt, obviously -- >> yes. will. liz: -- because of what happened. so is what i'm asking is my original question, do you avoid the companies that fly these planes, or is that just nitpicking? >> i think you don't be plane-specific because you want all planes to be perfect: and i still say you buy good companies when they're going through a difficult time like boeing. sadly, boeing has -- was recovering nicely. it was just over $260 a share before this happened.

and now it got hit again. and boeing did incredibly well at the dubai air show. they outperformed airbus by almost 4 to 1. they had over 200 orders from that show versus is airbus' 50. boeing has been on a roll, it's been incredible. liz: some of these companies, dennis, are saying las vegas let me look at air a bus. and i don't know your familiarity, but i will can ask you about, specifically, the fact that alaska airlines says in just 8 days they'll be ready to put their 737 max 9s back in the air. is that a good thing? is that fair? is that an appropriate decision? >> well, yeah. they've done the inspections, they found the areas, they found bolts missing, so as every aircraft is inspected and found to be safe, the faa will make that a call, but that's a spoon move once they found the problem. but the key to this is we have, you talk about air bus or boeing, both build fine aircraft, but boeing has fallen

down on the process. the key error in this are -- error trap in this are pilots. they count on us to find them, that's our job. but when you pick make that as your only way to go with, then we've got a problem. two experienced and trained pilots can make the difference between life and death, and they did on that alaska flight. we've got to make sure the federal government doesn't mess with that minimum level as well, and we can get that done. safety culture's a tough spate, and you've got to tough talk, but more importantly, you've got to act tough to defend the margin of say i havety. -- safety. liz: ivan, you have a buy on boeing still. >> yes. liz: my only push here to our viewers is it may be very easy to flip out about this and it is terrifying because it's on tv, and we show the door having blown out and you see people's cell phones. but the last air crash of a u.s. jetliner was in 2009. in buffalo. these are incredibly safe on

balance. so do you take that into account or -- >> oh, absolutely. liz: -- see pictures of the door plug? that's terrifying. >> you've got to, like reagan said, trust but verify. you've always got to be careful, you've always got to double check. liz: so you're keeping your buy on boeing. >> yes. yes, we have seen so far throughout all of these issues with boeing the stock has been a buy on any major pullback, and i think these problems will be resolved and hopefully there's a learning that takes place to make even, you know, future ability to be the even more safe and more secure moving forward. liz: on the factory floor. >> yes. liz: ivan, thank you. deb initiation thank you. and the whole pilot group over at american airlines and all the pilot, i always say the two people you never short in your life are your pilot and your surgeon. pay them. the expertise is life saving. thanks very much to both of you. while we're talking aviation, charlie gasparino has detail it's the on spirit airline's next steps after its merger with jetblue was shot down by a judge.

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♪. liz: make no mistake the airline stocks are a huge story across the board today. look at spirit airlines at the moment. 1.6% to the upside here. the stock getting a pop after our charlie gasparino reported that the airline does have enough liquidity to remain out of bankruptcy for at least the next six month. that according to bankers working with spirit. charlie, so they're safer now? >> they're safe for now. liz: for now. >> this is a troubled company. this is a company that deals in sort of middle market customers. middle market customers, sort of average working-class people take spirit because it has deals and low cost, they're not spending as much money as rich people who are in the markets and you know sort of capitalizing on this amazing run in stocks. they may soon if this economy continues to improve as it is right now. so the gameplan for spirit i

heard, obviously rumors flying and they will declare imminently, bankruptcy is not happening at least some of the bankers. watch them file tomorrow. i tell you i talked with bankers. the company has gone on record as well they're not considering a restructuring of that type. now they are considering, they have to deal with this at some point restructure of their debt, convincing bondholders to push out maturities. that is in the cards. i think that happening slowlily, gradually. they have money apparently. they liquidity. they have capital issue. budget issue which means they have to do something about the debt according to bankers there is appetite among the bondholders to do that. but that does not necessitate a immediate bankruptcy as the stock was essentially foreshadowing. now, amid all of this, this is where this story gets bizarre, there's a battle between dave portnoy of barstool stocks, who

dabbles in stocks, likes to day trade, and scott redler. liz: who was on our show. >> i've known scott for a long time. i actually like dave portnoy's stuff. he is a guy, great about him, honesty, he will talk to us. scott redler spoke to us. what essentially what happened redler took a shot at portnoy. see i have it right. if not they will scream at me. portnoy was going long maybe through options going long on spirit, on spirit and you know obviously an accurate bet. red letter took a stock at him that he is pumping the stock essentially. he basically mocked redler's looks and photo on twitter. liz: very mature. >> listen you start attacking people on twitter all -- liz: oh, really? i watch your feed.

>> they attack me, you know and -- liz: they at tee me. i don't care. who cares. >> remind them they live with their mother. [laughter] liz: are you so triggered. why are you and dave so triggered? >> listen that's what happens. back and forth, back and forth. they say something to you, you say something to them this goes on and on. i find it interesting the spirit story took this bizarre turn of events. the main spirit story that unless i'm missing something and i made calls all day. liz: yep. >> take bankruptcy at least for now off the table. look for a restructuring of the debt going forward. liz: okay. >> maybe a, this will spark another bout between redler and portnoy. we can write about it. don't you love twitter fights? liz: i tell you what i love. i love happening now. >> that is called guess what, a transition. liz: a segue, elsewhere around the nation in other news, in

other news the dow is at a record high. it needs to gain 195 points. it is up 210, above 38,000 at the moment. we are also watching dow component microsoft. the tech giant just a few dollars off its earlier all-time highs. right now it is at $404.62. yes it is at a three trillion dollar market cap. let's see if it can close at that milestone. microsoft of course, major a.i. investment and its partnership with openai and our "countdown closer" has a stock he likes because it's not the major a.i. name. it is actually a side window a.i. name, coming from the oil sector. joining me 1 1/2 billion in assets under management. hudson valley's gus stacco okay, the name? >> we like schlumberger. why do we like them, liz? i will answer it for you. they have lots of data. they have been doing big data

for 10 years. now it is called a.i. liz: [laughter] >> listen they have more technology and more information on companies in terms how they drill. they're able to do it more efficiently. we actually have 200 less rigs but yet we're producing 25% more oil year-over-year. it is because of some of the technologies they have. liz: slb, formerly known as schlumberger, it is up 1 1/3%. it has a 10% bump over the just the last week. crude oil is coming up, that is part of it, but you say the real play here is the big data, slash, fancier name, a.i. >> that's correct. baker hughes is also similar to them. when you look at it you're producing more oil because of the efficiencies. rock formations a whole host of data that comes in and information they garner are allowing them to basically produce more. liz: adobe also obviously is big in a.i. at the moment. >> yes. liz: visual a.i. where they can do images and we had them on to

discuss this. is it translating already to the bottom line? >> yes, already. i call it the copyright cop. the reason i mean that, they put out information, you put in an advertisement you will actually know if there is copyright infringement in terms of the stuff you pull up on a.i. liz: guess what is infringing on all-time record? dow jones industrials, gus. you got to witness it here. thanks for joining us. cue the fireworks, folks. the dow is closing at a record high, 38,039 points. that is a big move. i'm looking at microsoft and it too looks to close above the three trillion dollar market cap. [closing bell rings] tomorrow one of the best investment gurus in the business, bob doll of crossmark and we're continuing the discussion about boeing. former american airlines ceo bob crandall in a fox business exclusive. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. all