not. we've got to train to think outside the box. i'll tell you, just simple -- the lesson i give all the time, and it's, message i give all the time, teach critical thinking. have people take a look at, you just showed the pope in that balenciaga jacket, if i pronounced it right. what would the pope be doing wearing that, first of all. then you look at the chains, right? he looks cool. i wouldn't, but at the end of the day the first question shouldn't be, well, wow, what's he doing that? first question should be why is the pope in that jacket? charles: right. when you see those red shoes, maybe it's not farfetched. [laughter] morgan, always appreciate you. always feel better after i talk to you, no matter what it is. speaking of feeling better, folks, you know, the market is waffling, but we take what it gives us. i'm one of those people, i get nervous from time to time, but i stay in it all the time in part because of liz claman. liz: well, that is the smart way to go if you are a long-term trader, right? i mean, people would have missed

so many big moves to the upside had they tried to game it. but i'll tell you, charles, the dow bulls are still coarsing down wall street. the blue chips hitting an all-time intraday high and on track for the fifth record close so far this year. dow jones industrials up 78 points. the s&p is there, i mean, any gain by the time the bells ring would mark the sixth straight record close. s&p is up 1 point, but it's, you know, we can't really call it. it's been back and forth across the unchanged line. a one of stocks and data points supporting the bull narrative although the nasdaq is down 36 points. but two in particular, one of each -- a stock and a data poinn that a continues or aerohere. to the top of the dow heat map and american express. am-ex powering higher by 7.25%, charging to an are intraday record high of $204.75 earlier in the session. not only did the credit card giant outperform it peers in the fourth quarter, am-ex gave quite

the mat numb 024 -- platinum 2024 revenue forecast. check this, the cfo says one of the last year's biggest drivers was restaurant spending which reached $1000 billion for the -- 100 billion for the first time ever. pair that with this on your screen, arguably the most important economic data, the latest print showing that core inflation rose at the slowest annual rate in nearly three years. core pce, personal consumption expenditure -- that is the federal reserve's preferred inflation a gauge -- rose .2% month over month and 2.9% year other year, the lowest since march of 2021. it's going in the direction that the fed would like to see it. inflation's slowing. the bond market, however, does not appear no -- to think the numbers are enough to warrant an interest rate cut. right now the yield on the 2-year treasury this is basically e a proxy for fed policy is up 7 basis points to

4.365. previous close with us 4.134. so rates are gown up here. none of what's happening here in this final hour that we've arctic rated already is helping erase the unwelcome tripeck that intel's stock is -- trifecta intel's stock is facing. s it is at the bottom of the dow dow jones industrial, the nasdaq and the bottom of the s&p 500. investors and analysts do not care that the chipmaker actually beat on both the top and bottom line during the fourth quarter. 5 a 4 cents a share on sales, 15.4 billion -- rather, for sales. and if they're fleeing the stock because they find intel's forecast for the current quarter pretty we hell -- repel rant. adjusted earnings of 13 cents on sales of 12.7 billion. what is happening here? the stock has sprinted to a 64% gain over the last year. in just a second, intel analyst cover are ily acree of benchmark, he's going viral because he thinks there is one thing you should be doing right now when it comes to intel's

stock, and he's going to tell you what that is. speaking of should be doing, what should airlines be doing with their boeing jets after a fuselage door plug on that alaska air flight brew whoo out shortly after a takeoff on january 5th? alaska air set to reassume flying its 737 max 9 jets with its seattle to san diego flight if scheduled for 2:20 p.m. pacific this afternoon. but while shares of boeing are moving higher by more than 1%, shares of alaska a air group are down and american airlines, whose ceo yesterday told boeing to, quote, get its act together n. a rare interview, former american airlines ceo bob crandall is here. he is about to break his silence on the boeing situation. crandall ran american for 13 years, was there for way longer. he joins me in a fox business exclusive. you cannot miss if it, coming up. all right, for the week the markets have had certainly a less turbulent time than boeing,

that's for sure. the dow, s&p and nasdaq all on track for the 12 positive week out of 13. so is the smart money starting to think, you know what? this continues, or that the rug is about to be pulled out from under the bulls. to one of the smearpts of the smart money, bob doll, chief investment officer at crossmark global. bob, are you sniffing out any signs of a pullback? it's a fair question. the locomotive markets just keep on chugging, and the data, including yesterday's read on q4 gdp, they're going in a direction that underscores a soft economic landing which is good for stocks. >> yes, liz. if you take the gain this year and append it to november and questions of last year -- no and december of last year, it's been quite a run. some might say enough for a little while, maybe we take a pause. if i had to pick at things, i'd big at two. one -- pick at two. the broad average is up, but the average stock year to date is once again with lagging by about 500 basis e points. and that's a bit of a concern.

and the other is earnings. earnings estimates during the fourth quarter for the fourth quarter came down quite a bit from +7 to there's +1%. and now analysts are seeing the numbers come in, and the positive surprise incidence is lower than usual. and analysts will be bringing their '24 numbers down some. so those are the two flies in the point ointment concern ointment i would find. liz: exactly. but is there the one thing that would trigger you to actually downgrade your equity allocation? >> yeah. is so we already coming into the year are a bit on the cautious side. we don't think you can get both the fed cutting rates six times and inflation continue to come down toward 2% and, on the other hand, have a good economy and double-digit earnings. one of the other i'll take. i'd be more tolerant, liz, if pe ratios weren't 20 times. liz: yeah, rich. >> a little bit of caution at these new highs. liz: we've got a fed if meeting that kicks off next week. of course, nobody believes taste

going to do anything to interest rates next week, however, we might get some insight into the march move. although the data that we've seen indicate there really isn't a solid reason to cut interest rates. you cut interest rates when you're trying to stimulate an economy. this economy remains strong, so why not just leave the rates where they are? what does that mean for different sectors, and does it help some and hurt some? if. >> well, i think, first of all, you're right to acknowledge -- remember, as recently as the first of the year the probability the fed was going to cut rates in march was 65%. [laughter] now it's less than 10 is. -- 10. so cuts keep getting pushed back on the back of reasonably good economy. but i come back to, you know, the still expected six cuts this year, not sure we'll get that many. we won't, for sure, if the economy stays reasonably robust as we have here. so back to sectors and common factors, focus on earnings and cash now. don't look for stocks where you think the pe ratio's going to go

up. we're already pretty robust. got to have the earnings and cash flow, liz. liz: the housing market. you want to talk about a pretty good tape, the housing market looks rather decent, and t getting this tailwind, certainly, from slightly lower mortgage rates. the 3046 year fixed -- 30-year fixed, you look at it right now, well, these are pending home sales, or rather. looking very strong, that we just got in december, 30-year fixed current 6.69%. just three months ago it was 7.79 percent. do you have a play there? because we know the home builders have looked good. >> yeah. and i would ad to your good story the fact that supply remains pretty limited. people aren't going to sell their houses if they have a 3% mortgage. and the kids are no longer content in the parents' basements. they're wanting their own homes too. home depot is the way we play this, the do it yourself retailer the as people are staying in their homes and spending money on are

remodeling. liz: yeah, up 1.25%. i do want to quickly ask you because you had cigna on your list of stocks that you like. we saw the disaster that was humana yesterday. we know that cvs, united health, sol of these other names have -- some of these other names have big techs pose your to what humana cited as a huge problem and that is aging americans are bellying up to the government, you know, offerings when it comes to insurance. medicare. medicare advantage. and that really hurt humana. why do you think it wouldn't hurt cigna? >> well, it has, and the stock has pulled back. this is the fest time, yesterdah the decline in humana. and i'm not saying the issue isn't real, but i'm using this weakness to say cigna's got a better mix of business, in my view. pretty cheap, great free cash flow. so stock and the whole group, great '22, lagged in '23. we're more interested again, liz. liz: okay. good to see you. and thanks so much, bob doll.

bob doll all the a loves qualcomm. let's get to the chip discussion here and the market problem child on this friday, that would be intel. the chipmaker is stumbling badly, down 12 percent at the moment. prif pretty much just slightly off the lows of the session. this after giving current quarter guidance that destroyed analysts' much higher hopes but not all analysts. one says buy on this stomach-churning drop. he's cody acree, managing director and semiconductor research analyst at a benchmark here in a fox business exclusive. cody, not only do you have a buy rating on intel, you just raised your price target from 52 to $62. what do you see that the rest of the market does not right now? >> i think for the long-term investor intel is doing all the right things. they're caught in a quarterly inventory adjustment and some individual market elements that are weighing on its first quarter, but that's a very

temporary, a very transitory issue. what intel has done is it's been very successful in the last three years of turning its business around. its ceo, pat if gelsinger, has executed very well on it goal to achieve process and manufacturing leadership. and that is allowing intel which should achieve its goal of five processes in four years next year, and it -- and with that they're able to introduce products that are much more competitive. and so they're establishing themselves in a much stronger product position with a much healthier end market where the industry has already seen the covid, post-covid inventory excesses correction in the pc market. liz: well, let me -- i want to jump in here because they have been doing big moves in the a.i. chip world, but the market per

we steves that they are somehow -- perceives that they are somehow behind in this race. intel in the last month just put out some chips that actually, as i understand it, for pcs speed up a.i. calculations, they're entering that part of the data center business although, you know, nvidia's arguably the bigger gorilla in that one. are they behind, or is that just a misperception? >> no, they are behind. they have been behind and continue to be behind in the a.i. accelerator market which is gpus that nvidia has tailored toward the a.i. accelerator infrastructure for the generation and the large language models that make up the core of a.i. what intel is doing is it just introduced its ultra core p if c which is -- pc which is competing with a.i. to the edge. so it's making intel's focus on

the a.i. at the application level to the consumer. so zoom and microsoft and the hikes of applications that are accelerated by a.i. that intel is competing more for. liz: let me ask you, because the nasdaq 100 losers are populated just about every line with chip stocks. not just intel which is at the bottom, but i'm looking at can koac, lam research, microchip, a mat with marvell qualcomm, skyworks, nxpi. when you look at that, people are disinclined to look at this and say, well, they've all had incredible runups. >> yeah, that's true, liz. i mean, they have all had a very good run, and they're all primed to profit taking here. but i think in the short term that's, that's a very shortsighted view because we are looking at a much healthier chip

sector with both pcs and smartphones in a a healthier mark for '24 from uni-volume standpoint. and then you have the infrastructure for a.i. that will continue to be a driver. so i think the market's teed up for many of these companies to perform very well this year, and and if i'm taking advantage of these pullbacks. liz: advantage from the pullbacks. well, there were people last week who thought, darn, i missed the climb in swell. and sure i enough, you got your chance now, at least that's what cody's saying. thank you very much, cody acree. we appreciate it. >> thank you. liz: well, the biden administration temporarily terminating the terminals? we are going to go straight to the white house to find out why team bind has put a stop to new -- biden has put a stop to new liquid natural gas export terminals. nat gas prices spiked crazily when russia invaded ukraine in february of 2023 but since then have retreated 31.

the rest of the world -- 31 percent. the rest of the world is dying for america's low priced superchill gas, but how long will they have to wait? with the dow jones industrials up 65 points and, yeah, the s&p just tinily, just slightly lower, "the claman countdown" returns in a moment on this friday. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones ( ♪ ) i got injured, um, my back got injured very bad. i was off work for about a year.

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liz: the biden administration announcing today it has temporarily paused approvals of all applications to export liquefied natural gas and has halted plans for one of the largest lng term aals in the nation. and you're looking at it here on the screen is. it's located on louisiana's gulf coast. is so you can see the building.

well, now everything's paused. the white house says that pause will hold until the department of energy conducts a review of hon the exports on energy -- how the exports on energy costs and security impact the environment. natural gas powering higher on the news in the aftermarket here, we're up 6.5% it's been a while since eve seen that kind of jump. while the energy sector is turning green. now, in some of these you see a bag or a basket of stocks. you've got some of the etfs moving higher. cheniere energy is one of the big ones who's involved in liquid natural gas. shell is also a player here, same with chevron. some of the other names, sempra energy. we're looking at all of this, but let's go live to edward lawrence at the white house. what's the administration saying about this, edward? >> reporter: yeah. a senior administration if official saying that the president is a climate guy to the core. now, the energy d. is not giving an exact date as to when applications for new export

facilities will eventually be unpaused, but you can imagine the oil and natural gas industry very upset about this. 32 members of industry groups, 32 of them, signed on to a letter to the president and energy secretary. the basic argument is that this is a national security concern. limiting europeans to access future natural gas will force them to get it from russia. also pushing countries specifically in asia to open more coal plants if natural gas becomes more expensive around the globe. now finally, the industry groups say it means jobs right here. >> these are big, multibillion dollar investments. they take 4-5 years to build just one of these projects. it's 6,000 construction jobs over that 5-year time period. average starting salary north of about $100,000 a year. these are really good jobs that proprovide a lot of benefits to the local communities. >> reporter: so industry groups say this signal discouragements future oil and

natural gas investment. the energy secretary says the lng exports will be just fine because the expansion is already in the pipeline. a senior administration officials adding this is just business groups trying to make a dollar, and we should take the warnings with a grain of salt. the president's top climate adviser a little more direct. does the a pause then push other countries towards coal? >> that, i don't think that bears out in fact. >> reporter: and louisiana senator bill cassidy, you talked about a louisiana with this new facility, is leading a group of senators, 25 of them signed on to a letter to the president and energy secretary asking them to reverse course, saying this is dangerous for businesses going forward. back to you, liz. liz: thank you very much, edward lawrence. all right. we've got 39 minutes before the closing bell rings. coming up, alaska air's boeing max 9 jets are ready for liftoff again in just a few hours. coming up, we've got one of the lions of the airline industry here to react in a rare

appearance. former american airlines' ceo bob crandall joins us for a fox business exclusive. and from lions to tigers, one of the fiercest tigers in the legal world perhaps best known for defending o.j. simpson on murder charges wasn't even going to be a lawyer. criminal defense if attorney robert shapiro was well on his way to a degree in finance and a life in the world of banking until a war in a far-off land totally altered his course. it's a story shapiro says he's never told before in such a personal way, but he's telling it now in my brand new episode of my everyone talks to liz podcast which drops tomorrow. here how his unexpected career shift propelled him to the top of the legal world and then the loss that pulled him away from the courtroom. he is controversial, i know, but you've got to take the time to listen to this story on apple, google, spotify, iheart video, amazon, wherever you download

your podcasts. the s&p 500 is in a pitched battle. dow jones industrials though just slightly in the green by 37 points. we'll be right back. ♪ ♪ ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. known for following your dreams.

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minutes ago a sanders announced those ceos -- merck, johnson & johnson and bristol-myers squibr tearily testify before the health and education committee. the hearing, which is scheduled for february 8th, will focus on why americans are many some cases paying 10 times as much for prescription drugs than the other developed nations are paying. looking at the stocks, bristol-myers up a quarter of a p j&j flat. merck up half a percent. >> let's get you this fox business alert. more layoffs in silicon valley. salesforce, at least according to "the wall street journal," is reducing its forces. the report from the journal says that the b to b customer relations software big wig is expected to lay off 700 employees which amounts to about 1% of its work force. the reported layoffs are the latest downsizing to hit the tech industry but are on the lower end of most tech companies' job cuts. the cloud software company still has 1,000 job openings. so investors are kind of

believing that this is just a routine adjustment in its work force. last year the california-based company cut about 8,000 workers as investors pressured them to chop costs. salesforce shares up half a percent. the roiling red sea buffetting shares of cruise operator carnival. carnival warning that the instability in the red sea will have an impact on its operations. the attacks by iran-backed houthi rebels on ships in the red sea have raised the cost of insurance. shares are sinking about 3.25% on the session. carnival's fellow cruise line, royal caribbean, canceled two voyages this month if alone to avoid the red sea. if estee lauder brooking -- looking blemish plaintiff free after jeff eye's raised its price target. moving higher by 2%. the brokerage firm believes the cosmetics company deliver in line or better than anticipated results for the december quarter.

jeffreys also feels more confident ant a the sector after lvmh reported a 10% increase in luxury sales. and i want to show you that stock for a moment as a well. lvmh summering 7.33 % right now. the luxury goods group that owns louis vuitton and tiffany sees resilient demand if for if high-end fashion. just a week or two the ago everybody was saying, no. nobody's buying purses. investors are hitting the brakes on norfolk southern after the company reported fourth quarter profit below analyst estimates. the train operator said it took a fresh charge of $150 million in the quarter resulting from the derailment in near east palestine, ohio, last february. yeah, it's been almost a year. the georgia-based rail company said it was also hurt by lower e revenue from its merchandise and coal transports. this is the third consecutive quarter that the railroad has missed on estimates. the stock is down 1.5. from the rails to the skies,

boeing's safety culture hitting very serious turbulence this week as alaska air is now less than two hours away from returning its grounded jets to service. we will ask passengers at chicago's o'hare airport if they have any problem boarding a max 9 jet. and the aviation legend of american airlines is here to tell us the first thing he would ask boeing ceo dave calhoun if he were sitting across from him. former american airlines' gee robert crandall is here next a fox business exclusive. american airlines among the s&p 500's weekly winners, up 10%. nice move. united rentals and american express also jumping. all three reported solid earnings and good outlooks. the top three were resmed, lieu min and netflix. -- lieu min and netflix. netflix up 17%. "the claman countdown" is coming right back. ♪

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liz: all right, we're looking at the clock here. we are now less than two hours away9 prosecute departure of flight 1146x that is no ordinary if flight from seattle to san diego. flight 1146 will mark the official return of the boeing 737 max 9 aircraft to service since that terrifying incident on january 5 ath when a flight from portland, oregon, was forced to perform an emergency landing as a cabin door plug blew out. kelly saberi is live at one of the busiest airports in america, chicago's o'hare international talking to passenger about, i guess, kelly, how they feel that the max 9 is back in service or going to be. >> reporter: liz, the people that i've spoken to really fall into one of two categories, they either have minimal knowledge of what happened which could mean good publicity for the three companies involved in this, and

now other fliers that i've spoke n to are checking on what aircraft they're flying on. some of them for the first time in their history. >> that would definitely add to my anxiety. not netly -- necessarily scared of flying, but i am scared of coors flying off -- doors flying off airplanes. >> our faa, when they had the first issues with the max 100, it's too close to the business. >> reporter: boeing's ceo david calhoun has been doing damage control on capitol hill this week meeting with lawmakers in the name of, quote, transparency and responsibility. united airlines said they're planning to start returning the max 9 service this weekend. alaska and united are the only two american carriers that use the max 99. together the their shared fleet accounts for 70% of all max 9 jets in existence. the two air lanes -- airlines

have introduced flight waiver programs for travelers that are feeling anxious. there are two door plugs on either side of the plane. alaska telling us there's rigorous inspections, and they can take up to 12 hours per aircraft. if you're listening and you are flying internationally soon, you could be flying on a max if 9. keep in mind those planes likely do not have the door plug. they probably have have an actual door where these american air -- carriers have the door plug. liz? liz: kelly saberi, thank you so much. take a look at flight radar 24. the alaska airline flight out of seattle, we understand, is now one hour delayed. one hour delayed. so now it'll be just about three hours away from that max jet going back into service. well, what does the man known as the ceo who changed the way the world flies think? if joining us now in a fox business exclusive, former american airlines' ceo robert crandall who served at the help.

of american for 13 years and oversaw the purchase, bob, i guess of hundreds of boeing jets. if you were sitting across from boeing's ceo, dave calhoun, right now, what is the first thing you would tell him he must do now? >> i think i would say to him, dave, we all need if boeing. the industry needs boeing, the country needs boeing. finish and all of us are hoping that the remedial efforts that you have undertaken in the last couple days are going to bear fruit. as you say, liz, i bought hundreds of boeing airplanes while i was, had the good fortune to run american airlines, and the fact that boeing expect stamp of quality was everywhere on boeing, and we all need it to be back. liz: well, yes, we need it to be back. but what would you say he needs to do to get it back? if you know, you look at, you look at how the industry has changed since you were running

american airlines back in 19, what is it, 85? and you were also -- >> [inaudible] liz: many, many years -- >> to answer your question directly, i think the only people that know what needs to be done are the people at boeing and the people who are running boeing and the people who build the airplanes. you know, u.s. aviation has an extraordinary safety record, and that safety record is there because the individuals that make up the aviation industry have made personal commitments to be sure that nothing goes wrong. and so if you walk through, if you walk through the maintenance hangars at american airlines, if you walk through the maintenance hangars at united airlines or any u.s. airline, you're going to find there are a lot of individuals who have individual responsibility for what they do. and i think boeing in all of the people at boeing have a lot of

individual responsibility for what they do. so in effect, what they've got to do is reignite that culture in the individuals who are doing the manufacturing job for boeing. because we do need boeing back. both the industry and the country need that quality commitment which boeing has long exemplified and i am sure will ex'em mify again. liz: well, some of those individuals don't even work for boeing. spirit our prosystems, bob -- aerosystems, that factory used to be part of boeing and then it was spun if off, and now it's a whole different company. can i also a can ask you what role, what responsibility does the faa play here? and are they in the position where they should bear some of the blame here? >> well, i don't think the faa can reasonably be held to blame for my of these things. finish -- any of these things. the fact of the matter is that

the manufacturers and the operators work together to use this equipment in an entirely safe way. the faa has oversight respondent, but it has to -- responsibility, but it has to share those responsibilities just as a boeing has to share some of its responsibilities with the outsourced contractor. but the reality is that if individuals participate fully in that, in that safety culture which characterizes the u.s. aviation industry, we'll continue to have a playless -- flawless record and, in fact, boeing will rebuild its record or and regain the trust that it has for so many years. liz: yeah. right now though that trust is shaken, you could argue. you hear some of the passenger passengers that we just spoke with concerned. but with i look specifically at the moment at what current american airlines' ceo had said yesterday, and he said boeing's got to get your act together.

we spoke to dennis tagers who is an american airlines pilot, and he took the it a step further. here's what he said, and i'll have you react, and the pilot's perspective. >> as a matter of fact, stop acting like a company that builds airplanes and be with 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, 20% drop in stock, $30 billion of market cap. if i was a shareholder, i'd be upset. as a pilot p i'm outraged. you've got to build an airplane that's safe. liz: so, bob, now you need to make the pilots feel good about this. how do you do that as the ceo of an airline? what would you be doing? >> at the airline i would be -- in the first place, i think what the captain just said is correct. the pilots and the flight

attendants and the mechanics are all part of that a culture of safety. and i think that is what, you know, what dave calhoun and the rest of the boeing people have to do, is they have to rebuild that understanding, if you will, making that a kind of personal commitment to rebuilding the quality brand. boeing has been a great company for a long time. they can get this done, but they're going to have to work on it. liz: did you ever experience if something like this when you were ceo? and how did you handle it at that point? >> well, we never had this kind of problem. we operated lots of boeing airplanes, and when we had a problem with those airplanes, i remember in one circumstance is we had a terrible hailstorm, and a lot of the skins of the aircraft were punctured. and boeing found a way to -- [inaudible] them and participated in the repair of those airplanes. and there wasn't a risk problem.

so once again i, i don't know, this is a tough chore, but the reality is that we have, we have done that. we collectively as a nation if have built a very fine aviation safety record. we've done it by enlisting all of the people who participate to support that encompassing culture. and i think boeing will do that again, and i hope boeing will do it again because as ooh i've said a couple of times, the country needs boeing, and the industry needs boeing. liz: well, sure. because there are really only two major jet creators here, jet manufacturers, and it's boeing and airbus. it's a due. wonly at this point. -- duopoly. do you fore see business shifting to air abus in the wake of all of this? >> oh, i think some probably will. other than -- on the other hand, there isn't a lot of excess manufacturing capacity.

and the airlines have a very powerful need for new airplanes. is so my guess is that there won't be a lot in the very short term. and in the longer term, the industry as a whole and the individual companies will be hoping that boeing can once again put the stamp of quality on all of its products. liz: bob, it's wonderful to have you with. i know you don't get in front of the cameras too often these days. we so appreciate and i know my viewers do too that you, a voice of such reason and experience, chose to do so. so thank you very much. >> thank you, liz are. i appreciate the conversation. liz: thank you so much. bob crandall, former american airlines' ceo. all right, as the markets remain at or near all-time highs, our countdown closer says, hold your horses. he's sam stovall, and he's here to tell us why he's letting his stock the winners ride. in other words, don't hold your horses.

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♪ liz: seven minutes to trade for the whole week. will it be the fifth record close for 2024 for the dow jones industrials? right now hell to the yeah. james like that had. hold my root beer. we've got the nasdaq down 62 points and s&p down five points and s&p toggling back and forth more than 75 times from the unchanged line and who knows how that one happens here. and we'll watch it all. it crossed 90 times, i blinked. any gain for the s&p would be another record close, sixth of the year, sixth in a row. the major average is extending weekly winning streak to three

and had wins in two out of last 13 weeks and cryptocurrency bowls. well, suddenly they're in full force heading into the weekend and majors in the green and bitcoin is up 5% at the moment. ether up just under 2%. so as we look at litecoin, xrp up to 53-cents, even with the market and broader market at historic levels and our next guest said it's best to let your winners ride and historically speaking, top three sectors during a rise in january then go onto outpace the s&p 500 for the entire year. that's sam stovalt. what are the s&p negatives and outruns but less worse? how is this going to work? >> hey, liz, that's the big question and started the year with a negative santa claus rally and then were down in the

first five days but really when the crux of the matter is what happens in january this was popularized by the stock traders almanac and holds a lot of weight if the market is up in january and especially during election years every time sings world war ii it was higher and gains and stick with the winner ifs we end up with a positive january. liz: three more days in january to trade and what's hawkeyes are the top three tech sores? it's on your screen but i'm asking you. >> right. they are communication services, technology, as well as financials, so the two that were among the three best performers last year, communication services and tech, and then one that sort of is creeping up because it does fairly well after the fed has paused its rate tightening program, and

also tends to do fairly well once you end up in a recutting program. liz: visa. visa shares are down but the company forecast a clough down in the -- somehow down in second quarter revenue growth numbers. would you say that decline is a buying opportunity? >> yes, we would. our analyst has a four star or buy ranking on the stock. they feel this quarterly softness is a buying opportunity and actually raises target price by $25 to $325 and we thawier waiting on pins and needle for china to turn around but volumes are likely to be improving but still remain below the 20 219 levels. 2019 levels. larry: i'm looking at intel and it's dragging down, the whole chip sector, which represents so much of the tech sector right

now. does that concern you at all that it's perhaps not going to be as vibrant a year as it was last year for some of these semiconductor giants? >> well, certainly not and likely to outperform the s&p 500 in 2024 but not at the same pace and we have a hold rating on intel and we think there are much better opportunities in areas such as marvel, which is mrvl and carries a five star or strong buy recommendation we think it's the beginning of a secular bull market in the chip industry and several years to run. larry: marvella is down about 3% and you'd argue it's a buying opportunity too. i want our viewers to understand what was amazing last week because it's down today doesn't make it somehow rotting in the back of the fridge; right?

>> exactly. obviously the concern is that there is all this fear, fear of losing money or fear of missing out and so by take ago look at what analysts think and our one who does a very good job analyzing the semiconductors in general and i think that we are looking for about more than 40% growth in the semiconductors in this quarter and all of 2024. liz: sam, bob doll was at the top of the show and you're closing out and get as little less excited about equities and the valuations 20 or higher from the price to earnings ratios here. it's a little rich and does that make it back a way from your equities at this point? just a little bit in overall allocation. >> i think what it means in our respect and done get back off the truck when you're dealing with pe ratios and going 5%

above the long term average and we are still trading at 10 year yield and it's well below the long term average and about five and three quarter percent and that's a concern, higher rates do tend to mute the growth potential. liz: bob, about 15 seconds to go before the closing bell rings and i want to thank you. bob sate says let your winners run. it is a record for the dow jones industrials. the second straight all time high, the s&p looking to come up short by just a few points. that'll snap the up streak about 500 and the lineup and ceo rich gelfand and sofi ceo anthony nodo and two majors in their industry. that's it for us. kudlow is next. larry: hello, folks.