minute to go, but how important is it tomorrow for that sector, for that a niche in the market if what the fed does tomorrow? >> i do think it's incredibly important p charles. and, yeah, we have seen those yields go a little bit higher recently, and i'll tell traders after this big week of earnings, it's so typical for the nas knack do pull back -- nasdaq to pull back. i think it's important that you're pointing that out and traders should look for a pullback last year likely aligning with the move in yields. charles: all right. and 30 seconds, anything else that people aren't talking about that you think we should own? >> well, you know, charles, i i just think the market's been incredibly strong this year, and it's been incredible strong so far going into this earnings report. i think it's a great sign. i think we're going into an election year. i think that we with still need to the focus on the upside here -- charles: that's what we'll do. we always pockets if on the upside, especially going into the last hour of trading as a i hand it over to liz claman. liz: thank you so much, charles.

fox market alert, we are on recos we kick off the final hour of trade. any gain for either the dow9 and the s&p will mark the seventh all-time high for both this year. right now we're there for the dow jones industrials, the gain is 138 points at the moment. and the s&p is just turned positive, it's up only 1 point. it's been jogging up and down that flatline, so we're watching this one very closely. and we are t-minus just over an hour away from three earnings reports that could, each in their own way, move the broader market. were talking about microsoft which earlier hit a record of $412, it's recoiled from that right now and is at $408, and now claims the largest market cap of any company in the u.s. we're also talking about google parent if alphabet and starbucks. all three are massive sector benchmarks. for its part, microsoft considered the definitive weather vein for artificial intelligence growth has soared

68% -- weather vane -- it's actually at 64% year-over-year gain. alphabet would love to be a gauge of a.i. growth as well, and it kind of is, or but it's still the most important search and ad sales engine on on the planet. that stock has gained 52% year-over-year. and starbucks, a key metric of discretionary spending, will give a crucial read on whether the consumer still has a taste for that a $6 latte. that is, no doubt, something the policy makers at the federal reserve are mulling at this hour. the committee that decides the path of interest rates now huddling behind closed doors for it january 32-day meeting -- 2-day meeting. if the latest indicator of worker demand is any indication, the traders can forget about a march rate cut. job openings in december were plentiful, more so than expected. 9.026 million versus an estimated 8.74 million. and so we're looking right now at a stronger economy, and that means, you know, we don't really

need the stimulus, at least some people believe, of a rate cut. the job openings, not so much at a ups. the package delivery company announcing this morning it's going to cut 12,000 jobs this year due to an expected slowdown in shipments. revenue declined haas quarter because package volume, both domestic and international dropped. we've got the stock dropping 7.33% right now. gm, a much sunnier picture. look at the shares of general motors here popping 8.33% in the wake of a bullish car sales forecast with the autoworkers' strike now behind it, gm if says or shareholders can expect full-year 2024 profits will range from $8.50 to $9.50 per share, that's $2 better than a year ago. gm if also said while ev growth is still a top priority, the company has the ability to shift to more hybrid production if consumers demand it. either way, steel producer cleveland cliff stands to

benefit. it's the top supplier to the u.s. auto industry, and the stock is jumping on a promisee owe lourenco goncalves is a make, he joins me live coming ultimate everyone but, you guys, it's the mega-cap tech kings, the magnificent seven, many which of are is have driven the spider technology etf to a year-over-year gain of 47% that continue to nab if most of the analyst and also a the investor love. should you remain smitten? to the floor show traders, ubs managing director and senior portfolio manager jason katz and chief market strategist phil blancato. phil, what do you think? is this, is this boat, the tech boat, getting way too overcrowded and overloaded? and we know that capsize ises often a happen when that happens. >> well, they are priced to perfection, there's no doubt about it. you look at their pe ratio ises, they're not cheap. but in fairness, there's two things we can't forget. one, they're making money.

and in some cases, significant more margin than most any other stock. and, two, look at microsoft. that's very defensive. why? because it makes $3.5 billion on cash, just on interest savings alone. so at a time when we expect market volatility at least through june, the way to participate and protect in the market, and we've never been able to see that about a tech before, especially for big names, for me, i just can't see them going much higher here, but you don't need to run away from them. take some profits, be ready to pivot to other places, but certainly a core holding you have to stay because of the dominance and the record amount of money they make, and they're defensive. liz liz and to that point, jason, the dominance, is what with a lot of people look at and say, well, wait a minute, they're too dominant. there may very well be this moment where something spooks the horses of the market and suddenly everybody goes the other way. you look at this in a different way, don't you? talk to our viewers about what you focus on at the moment. >> well, the fed is pivoting from their pivot, and and

they're taking cover. and they have ample reason to. gdp print is really strong, the jolts report. it goes on and on. unemployment below 4%. so if you think that it's going to be the fed that's going to cause the next leg of this market going up, you're going to be sorely dispinted. it -- disappointed. it will have to be earnings. they're going to have to walk the walk. at 20 plus times earnings, they have to see them grow into stock price. 10% earnings growth year other year is not insurmountable. however, we've come very far, very fast. and to phil's point, i wouldn't be surprised if we see some profit taking when these mega-tech report -- liz: do you think this market is a one-issue market and that's a dangerous thing? i don't. i think people understand the power of earnings. i mean, folks, right now we are looking at the buzziest earnings day -- busiest earnings season, week for the s&p 500. all of those huge names. we can put up the earnings calendar here. it's jam-packed with all kinds

of names. look on friday alone, chevron and exson mobile. thursday, apple, meta, amazon, merck. and, of course, wednesday we've got qualcomm, boeing, mastercard. you know, this is something that i look at, phil, and i say there are so many names that can move these markets. where do you like the opportunity the best on that scale? >> oh, without a doubt i want the pivot to the names on the end that haven't felt the same love. i'd like taking profits, i want to keep the big tech names as a core but i do like the energy space, lots of upside. i do like some of the consumer names you put in there. i think you're looking at names that are a bit underloved for quite a long time whether it's 2023 and now into 2024, you could pivot, earn a dividend and be paid to wait around. take out the big seven, don't buy those here. pivot to all the other names that are going to put up solid numbers that are not nearly as expensive. get some earnings growth in 2024 and wait out this volatility. that's your next move here.

liz: it's interesting, jason, we talk so much about a.i. and, of course, google, microsoft, two big participants in this, and you say don't look at them, look at the last mile a.i. names. >> that's right. so you think about the rule of e e-commerce, right? who again point fitted -- benefited at the end? logistics companies -- liz: fedex ex. >> right. and it was warehouses. you have the same opportunity set here. the more that a.i. grows, the more data grow requests ebbs poe 9/11,ly. it needs to be stored, accessed. blackstone just made a $25 billion investment in a data center infrastructure. so is infrastructure funds, data center reads -- reits. there's an opportunity to find the picks and the shovels to the proverbial a.i. gold mine. liz: and there are trusts that do precisely that. >> exactly. liz: what kind of yield are you going to get with those? >> in the ballpark of 3-6%, but there's a much greater may in terms of the appreciation of

that real estate. it's very valuable. the microsofts of the world, the googles of the world, they want that data close to home, accessible, secured storage safely. that real estate's arguably the most prime real estate even more so than oceanfront -- liz: yeah, i saw that about blackstone getting into the data center business. phil, the fed. we heard what jason said about the fed. i want to know what you think the fed funds futures for march, forget about i. now they've dropped to 40% odds that we would see any kind of cut in march. and that was, just a week and a half ago, 80%. so will the market be disappointed, or does it understand that we really at this point might not need that kind of rate cut or at least it's not justified? >> i think the market is expecting that and it's not justified. you've seen the 10-year pull back which is a bit surprising to me. in the end, to jason's earlier points, the economy's quite strong. you don't want the fed funds rate to be significantly lower than inflation, and right now

it's 2.5% spread between the two. so the fed may start to ease off until later in the year, september, something like that, after the election are season where we get a quarter, a quarter, a quarter. why? they don't want that spread too wide for too long. march is off the table, economy's far too strong. the bond market is in play in 2024 to be much more so aning by market as you get price depreciation and yield. in the end, anybody who thought there was a cut in march is not looking at the big picture. liz: jason, really quick, do but see a -- do we see a rate cut in may? >> i don't think so. liz: really? >> it's a latter part of the year phenomenon, and i'll tell you why. they have credibility issues. they can ill afford to make another mistake like they did during the whole transitory nonsense. so they have ample cover if they're going to wait until the last orer part of the year, and then you'll get two. not three rate cuts and certainly not the six the market was hoping for in the latter part of last year with. liz: yeah. there's an 8 if 3% chance according to fed funds futures

that we will see a rate cut in may, but i'm leaning with you. i think scwai powell is nervous. guess what, guys? the big fed day, bigger than the super bowl, i tell you. [laughter] fox business will have complete coverage beginning tomorrow 2 p.m. eastern, charles payne is going to be all over the decision, and 2:30 p.m. eastern, the moment that matters. fed chair jerome powell faces the lions' eden of financial reporters dude colluding our own ed bard -- including our own edward lawrence. and as soon as he wraps up, we've got amazing post post-game analysis right here on "the claman if countdown. " to react to everything jay powell9 and the fed say and do. and presidential candidate rfk jr.s has some very pointed thoughts about the fed and its role in setting rates. he's going to join us in a fox -- in a business network exclusive. you'll only find him here tomorrow on "the claman countdown." jason, phil, great to have you

both, thank you,. in the wake of general motors' bright outlook that we told you about, up next, the strongest steel company that's providing some of the wattage gm's stock is getting at the moment, it's the same is company general motors has named its supplier of the year award for six straight years. cleveland cliffs ceo lourenco goncalves is here on providing the framework for the american auto industry earnings and the the state of steel. take a look at cleveland cliffs' rivals. all of them running on the vapor trail of cleveland cliffs' great numbers today. " claman countdown"'s coming right back. dow is up 126, the s&p now down 2 points. it's going to be a very close horse race til the end. ♪ if. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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liz: shares of cleveland cliffs are rising at this moment by 6%. it's just getting better and better throughout the session. they're very close to session highs here, and that's after a big rebound after they gapped down at the open. the company that counts general motors and just about every other u.s. automake per as a customer saw record automotive steel shipments in 2023. but the promise the ceo made to shareholders in the latest earnings report may be what's really sharing sparks on the stock. lourenco goncalves is chairman and ceo of cleveland cliffs. welcome back. it's a good move in your stock, and the promises that you will aggressively buy back shares of cleveland cliffs' stock this year, you know, i was reading some analyst reports, and they think that's why the stock is moving. is that the impression you want to give shareholders? >> good afternoon, liz. always a pleasure being with

you. look, we are really moving from the 2023 -- off of bringing net get below $3 billion and closed the year with $2.9 billion in net debt and now we're entering 2024 with a different goal, and the goal is to the really reward the shareholders with returns and the means for that will be a very robust program of share buybacks that a we have in place, and we're going to start as soon as the window opens tomorrow morning. liz: will it be more aggressive than last year? i believe last year you bought about 10.4 million shares at an average price of $14.68. the stock's now at $20. is it still underpriced at this level, do you think, and will your buyback match or beat last year's? if. >> oh, very much so, very undervalued. it's extremely undervalued. and elle give you might have.

last year we were allocating 80%, 80-8 a 5% of our cash flow to pay down debt. and the rest was for other purpose including the buyback. so we did not really prioritize the buybacks last year. buybacks were opportunistic. this time around it'll be the opposite. we are going to focus our, the massive majority of our cash flow to buybacks. so we should see a boost on our stock the price motivate ised by the buybacks that we are going to be deploying now that we don't have any material and public information in our possession. liz: i'm triangulating from what you just said that even if there's a juicy acquisition target in the future, you're not entered at the moment -- interested at the moment, that you will use the cash that would have been spent on your attempted merger or acquisition of u.s. steel last year and, of course, nipon steel outbeat you.

but there's more to that story, certainly. i don't know. is that, is that the case? you're not interested in mergers at the moment? if. >> yeah, a lot to unpack in your question, so i'll try to be, as focus as i can in answering the question. first of all, the act a by is decision that -- acquisition that you are mentioning is not resolved yet. liz: right. true. >> the deal is not closed, and i don't think there's any chance to close at this time around. but that doesn't mean that we are going to be standing by with an offer to back, to backstop any problems that u.s. steel self-inflicted on themselves. so we are moving on with our own story. we are going to buy back stock, and that's what we have for now. future is future. we'll see what happens in the future. and depends on how the future

develops. at in this point the priority, our priority for cash flow is buying back our shares. liz: okay, i get the message. but you just brought up a good point, that the u.s. steel acquisition by n if ipon steel is not a done deal. yes, japan, of course, is an ally of the united states. we still don't know whether will the cfius, the committee that looks at foreign investments such as this one, would approve it. but this is also a very sort of, can i say anti-merger administration that we're dealing with right now? all of the mergers that come before them are being way more scrutinized when that's necessary by lina khan who, of course, is the one who looks at everything. did you feel that this would have ever gone through? i mean, i would imagine you did because you made the bid, but -- and this went largely unnoticed -- there was a filing last week by united steel, u.s. steel, rather. and basically it said that the

transaction was called off, they called you company d, but we know it's you guys. the transaction, they backed away from it because, you know, they just didn't see an opportunity. there was an ash a tragedy when it came to regulation, and they thought this regulatory temperature with this administration was too cold and chilly. >> well, that's one of the several mistakes that they a made in evaluating the process. the very first one was believing that ignoring the union and basically slapping the u.s -- on the face would be a good idea. bad mistake. the second one was not understanding that japan is an ally on the united states, but in trade they have not behaved as an ally for a long, long time. i have been fighting japan in trade case since 1998. , so i have is, i have a history of 26 years fighting nippon

steel and japan in trade case over and over and over and other again -- over again. er the pretty bad in terms -- they are pretty bad in terms of trade with the united states. and last but not least, there's no real reason to block a deal between two companies that will together be good for the national security of the united states -- liz: well, then why -- >> [inaudible] liz: what would you say to u.s. regulators who are disenchained to -- disinclined to allow mergers such as that? >> look, first of all, i don't believe that i'm talking to lina khan. i believe that this is much more of a doj antitrust division matter than a federal trade commission issue. and we also believe that when you work with a priority on preserving jobs, union jobs, you have a good chance of explaining

to them why this is so important to the country. and our strengths and our supply chains. you just mentioned the automotive manufacturers. they know who clevelandhand -- cleveland-cliffs is. you just mentioned in the introduction that we got -- we are very proud of that, by the way, supply orer of the year for general motors for six years in a row. you don't get that by being a bad supplier. nippon steel -- [inaudible] in japan, so they are not as friendly as we are to our suppliers. so we want decent business you want progress, you want middle class jobs, you want to grow for the shareholders, and that's what our then-proposition was about. liz: record steel shipments, record automotive shipments. it looks like you guys are on your wait we look forward to covering you throughout 2024. thank you so much. >> thank you so much, liz. always a pleasure. liz: thank you. billionaire elon musk's

latest brain child evolve ising in a very dramatic way over the last 72 hours. and now we know neurorah a link is moving -- new la link is moving beyond monkeys to place a chip in a human's brain. were going to tell you what musk hopes to achieve. that coming up many just a moment. and it's got the ultimate health care ticker, cure. the directs ondaily bull etf has gained 43 over just the last three months -- 43%. we've had a couple of countdown closers and floor show traders who really liked health care for several weeks. maybe you should listen. stay tuned, we're coming right back. ♪tant ♪ slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know.

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liz: brainiac billionaire elon musk announcing a major scientific breakthrough. the tesla and spacex ceo posting on his social media platform x yesterday, quote: the first human received an implant from neuralink yesterday and is recovering well. initial results show promising neuron spike detection. the patient now has a quarter-sized chip implant in the brain. neuralink received food and drug administration approval for the first in-human trials last march so, i mean, this has been pretty quick. let's go to gerri willis live in the fox business newsroom. gerri, fingers crossed, certainly. >> reporter: absolutely. you got it just right, liz. it is brainiac.

a possible breakthrough in new technology aimed at a helping people suffering from if paralysis and other debilitating conditions. elon musk announcing on x the first human receiving the neuralink brain implant. musk tweeting that the patient successfully receiving the implant and recovering well. now, the goal of tour rah a link is to enable a smartphone or computer to be controlled by, get this, thinking. finish the company has shown videos of monkeys implanted9 with the device playing the video game pong. musk said: imagine if stephen hawking could communicate faster than a speed typist or engineer. hawking, of course, famous brilliant physicist. neuralink's implant includes a quarter-sized chip that is implanted in the skull. attached to it are dozens of thread-like electrodes that implant into the brain and relay electronicsals from neutrons. unnotice include how human tissue will respond to the

implants over time. development, of course, may take many, many years. and there are lots of competitors to neuralink. precision neuroscience. but the payoffs could be enormous, especially for the severely disabled and paralyzed people. liz, back to you. liz: oh, my gosh. this is amazing. >> reporter: yes. liz: again, fingers crossed. let's hope everything works out well for that patient. the great scientists making this happen. thank you. fox business alert, corning beating wall street estimates for the fourth quarter ai justed sales. this is the specialty glass manufacturer. they make gorilla glass which goes on a lot of smartphoneses. says it's seeing an increased demand though for its optical fiber cables that are used to process artificial intelligence applications. here comes the a.i. bump, right? if the company did forecast quarterly profits below analyst expect ifations, but investors don't care. they heard a.i., and the stock is now up 6.5% at the moment.

nervous also have an appetite for food distributer sysco after the company reported net sales that beat estimates. company said that strong demand for the company's custom meat if cuts and frozen foods bolstered sales. the stock is on pace for the highest close since february of last year when it was at about a $78.71. and it's gained about 9% year to date. right now we're up 7.33 % on the session. slb, schlumberger, slipping after saudi aramco said the saudi government is forcing it to cut production. aramco will now produce 12 million barrels a day which is 1 million if below the target set back in 2020. less oil could leave oil service companies with idle equipment. slb rivals also falling on the news including halliburton and baker hughes. whirlpool swirling lower after forecasting full-year sales and profit below wall street expect expectations.

the stock down about 6.33%. the home appliance maker says disruptions in the red sea will affect its european supply chain. company also ad ad that slowing existing home -- added that slowing existing home sales have eaten into profits, but they expect that to ease a by the second half to the year. one of the nation's top dating sites is work on a new -- working on a new weapon in the 2k5eu9ing wars, an a.i. wingman to help its customers make that love connection. we're going to tell you which stock we're talking about in just a moment. and, you know, enough movie ises have been made about the o.j. simpson murder trial. every single one of them features the character right there above o.j.'s head. the real life criminal defense attorney robert shapiro. but in a hollywood twist nobody has known, shapiro, robert happen row had no intention of becoming a lawyer. he was well on his way to a degree in finance and a life in

the war of d -- world of banking until a war many 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 everyone talks to liz podcast. hear how his career shift propelled him to the top of the legal world and the loss that ended up pulling him away from the courtroom. he is controversial, but i hope you'll take the time to listen on apple, google, spotify, iheart radio, anywhere you get your podcasts. we are coming right back. the dow gaining 131 points, the s&p, well, it is really hugging the flatline, crossing it 90 times this session alone. stay tuned, we're coming right back. ♪

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[laughter] bumble has sunk about 46%: match group, which is the parent of okq but about 50 other dating sites, down 27%. but look at grinder. the stock has shot up 60, let's call it 61%. and the top dating app for the lgbtq community has just wielded another sword in the dating app wars. grinder is partnering with ex-human to bring an a.i. wingman to its 13.5 million monthly active users on the platform. the wingman basically aim as to enrich the candidating exchange by offering recommendations, advice, conversation starters and aassistance with matches. let's hear more about this and about the company and what's going to drive the stock even further: here live in a fox business exclusive, grindr ceo george harrison. it's pretty stunning to look at the comparison. let's do apples to aps. bumble's about a billion and change in market cap and so are you -- >> i think they might be two and

a half. liz: are they? you know, i just feel like you have outpaced them farce the stock is concerned. what do you think is the number one thing you've cone in the last year that has popped this stock? >> so i came in in november, october of 2022, and it's since gone public to increase modernization. we have a very, very dedicated user base with. our users spend an hour on the app, but weaver never never really focused on getting them to pay. we have a very free product, there's a lot of stuff we can do on the pay side. we've been really driving commoditization. liz: okay, let's explain that. >> we have two ways to pay for grindr, monthly and weekly. million last year, you could only do monthly, $19.99 or $39.99 for a monthly subscription product. now we are letting you pay on a weekly basis -- liz: i assume because people were ending it and then they were coming back at certain points -- >> it's actually because users wanted a cheaper offering. they wanted something that was

less than $19.99, so we tried both a monthly cheaper product and a weekly product, and people preferred the weekly product. partly because we have a lot of users that travel, and they don't want to subscribe when they're at home. so we've had a lot of luck with that. that's driven sub subscriptions up in a significant way. and secondly, we've been launching cutoff rings, we launched boost in 2022 where people can boost their profiles and more people see them. that's also helped with monetization and a bunch of stuff in 2024 on that front as well. liz: what you are doing and the stock response to it is just killing nervous who are betting against it. i mean, the horse bets have fallen -- short bets have fallen, i believe, about 10% according to market beat. totaling 2.1 million shares, a drop of 10.6% since just december total of shorts. but there is still a significant number of shorts betting against the stock. what would you say to them? >> well, we've said in november

when we did our guidance for the year that we expected 2024 to be a very strong year with. we haven't given '24 guidance yet, but there's a lot of opportunity to monetize our users, and we have a very dedicated use or or base, so i'm really excited about what '24 has to bring. liz: this a.i. wingman, what can that do for your bottom line? what is it and how will it work? >> i think the big thing is going to be to get people the want to stay as subscribers because they'll be appreciating the offering. and if they don't pay for it, then they won't be able to use it. our users spend a lot of time chatting in the app, they're in the app for about an hour a day and they send at lot of messages, and so this is a way to help them with that communication. if whether it's hear suggestive texts, what you should say to somebody if you want to start a conversation or you guys are about to go to dinner, three options for a restaurant where you could meet. it's almost like a search engine very wingman -- liz: making suggestions just like chatgpt and all of the chat

bots that are out there. i'm really interested in this part of it, you know, you have the dominant position in the lgbtq pace. particularly for gay men. match group has just launched archer as a competitor. it's in the very early stages, obviously. you concerned about that? >> not. i mean, look, we know that in the space people use more than one product. so we know our users use other product ifs at the same time. we're totally fine with that. our job is to provide them with the best experience possible, have the best products that they can have is, and we really, i think people like the fact that we have the critical mass. obviously, the gay community is 5-7% of the population, so density is important, and we have the density for them. liz: you have global density. you're in 190 countries, but there's a list of countries you are not in, predominantly muslim countries because, of course, being gay is or worthy of death in those countries. and some of them that the you are not in, indonesia, turkey, lebanon,s qatar, pakistan,

jordan, united arab emirates. what has really perplexed many people since october 7th is that the lgbtq community has protested the us israeli move -- israeli move into gaza to defend itself. and that must be a topic of conversation for a lot of people because if gays and lesbians went to gaza, they would be punished terribly if not murdered. >> yeah, i mean, look, i think we have a division called grindr for equality, and its primary focus is ensuring that our user is safe where it's the difficult to be gay. and we are in a lot of countries where it is illegal to be gay, but our local ng go actually want us to be in those countries because they think it's more important to have a way to communicate with each other versus not. so egypt. is an example where we still are there, and we have a lot of users in egypt. but, obviously, we also have a lot of users in israel as well and, there's that as well.

so we don't take political positions. what we do do is ensure that our usessers have a safe environment on the app and obviously fight for their rights as much as we can around the world. liz: george, thank you. >> thank you. liz: it's a very, very interesting story. you went public via spac reverse merger, and everybody was saying, oh, the spacs were a disaster. yes, it did fall precipitously from the opening day, but it has had a very good year. thank you so much. >> thank you very much. liz: we are less than two weeks from super bowl sunday, and while the big stars will be the industries 49ers and the kansas city chiefs -- san francisco 49ers, you can't forget about the ads. yes, the commercials. boy, are they expensive. but one company in particular is going to be all over your screen. charlie is about to brach that story next -- break that story next. let's check the s&p 500 leaderboard. we've been talking at least about some of these names. sysco, corning and general motors. but newcore, that of course a steel name, and msciing having a

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♪. liz: county down to super bowl v 8 in las vegas, with the anticipation, the biggest gameday in the u.s., comes the buzz who will have the best commercials. sources telling our charlie gasparino one embattled company is looking to fall back into favor with the american public with a super bowl ad blitz. charlie, i'm hearing seven million for a 30 second ad and there will be more than one? >> we're talking about anheuser-busch here. here is what i've been told by people close to the company. the company as of now has no comment. they bought 2.5 minutes of ads. that is 5:30 second ads right? spread between budweiser, bud light, michelob. what are they saying seven million a piece? liz: what i'm hearing. they have not confirmed it. >> budweiser has image building, they have to build back the

image with the american public and following the dylan mulvaney fiasco. they have taken a big hit. i don't want to misquote this, some huge amount of the beer drinking public associates bud light with dylan mulvaney. that is not good. and that's now. this is not like, you know, last year or earlier this year. so, this is a real problem for them. what i understand from sources close to the company say they will focus it will be a two-pronged focus spread among those beer brands of patriotism and humor. that was clearly what bud was good at in the past, right? deal. >> spuds makenzie, what's up. the clydesdales. what i understand the clydesdales will filling prominently in these ads. liz: have you seen the new commercial with miles keller and his wife, where they're dancing around. >> that is not new. it was last year's.

that was before that. liz: before dylan mulvaney. it is going viral now. >> it is maybe a new version. i know way too much about budweiser's ad campaigns because i'm writing a book about it but last super bowl, right before mulvaney hit, right? liz: yeah. >> they, that's what they did this great miles teller ad dancing around in their living room. liz: that's it. it has been around. >> that the dog was watching them. liz: on hold music. dancing to the on hold music? maybe it is different. liz: no, that's it. >> that is essentially what we're talking about. dylan mulvaney in her social media ad cut back to that. i think she was in the bubble bath. can't unsee that image, the other half of the screen was miles teller dancing around. be that as it may they have to reverse the dylan mulvaney sort of -- by the way i have nothing against dylan mulvaney. it is just very off brand. liz: is that why you said i just

can't unsee that. >> the bubble bath. that was a little too much. liz: against the bubble bath but not dylan mulvaney. >> yes. absolutely. i don't need to see anybody in a bubble bath, except for -- i will not go there. maybe jennifer aniston. in any event. liz: i would like to see that too. >> but what i'm saying is the beer drinking demo is what they're going for again and they're going to, the definitely going to focus on, can't believe i'm losing my train of thought here, patriotism. >> jennifer anniston. >> thank you, thank you. salma hayek or whatever. anyway, it, they're telling me to wrap right now. i think i should. liz: i can see why. >> definitely patriotism with the clydesdales and humor. liz: yes. >> the humor will be interesting. i'm not exactly sure what -- is there a budweiser genie? someone said they're going to have something with a genie that is going to be funny. liz: well i look forward to it. i love those clydesdales, always

have. thankthank you, charles. >> beautiful horses. liz: gorgeous. everybody look at the dow jones industrials on track for the seventh record close of the year. s&p down three points. all it needs is a tiny fraction in the green. that would mark that 7th record for this index this year. too, it has been toggling the flat line. right now it is below the flat line. the nasdaq, down 11points. but our countydown closer says that is not where he is looking none of these three places. he is doubling down on something he invested and waive waved flag for before it started popping and keep going. carson group chief market strategist ryan detrick, this investment is, the small caps? you were kind of ahead inn the big runup in the russell 2000.

you say still go, right? >> that's right, liz. thanks for having me back. we were overweight small caps and mid-caps. yes, the third quarter was frustrating. we had the big fourth quarter, people know is this weakness not a lot of weakness in small caps, let's be clear. is the weakness at an end or catching its bret, after 22% rally? we think catching its breath. we like small and mid-caps a lot the rest of this year, liz. liz: any particular subsector of the small and mid-caps? >> absolutely, look at small cap industrials. they're hitting literally all-time highs as we speak here. small cap technology, cd, discretionary also, those are the right leadership, right? everyone talks about small cap lagging. because regional banks and biotech are a big part of russell. small caps are not nearly as weak as people think. nice to see that leadership there, liz. liz: sure is. let's talk about financials in the broader concerns. the large caps have been doing very, very well. mid-caps, you know, some of them

looking good. which area would you pounce on at the moment? >> yeah. when it comes to financials we're overweight financials. also like that group this year. we like the large cap there. like small caps in general. we think larger banks, regional banks still have potential issues out there, but we had solid earnings so far, if you want to buy something cheap, liz, financials are really cheap right now. that is something investors look out six to 12 months. that is something they should think about when they look at financials here. liz: looking at the forward p-e of jpmorgan, which by the way of mitting a high of $176 and change. for ward pe is just a 11. >> a lot of them are like that. they have had some good runs. warren buffett's company, as we speak all-time high, largest component of financials there. are really nice areas still in financials and small caps and mid-caps. we like industrials. the cyclical theme, liz. with no recession those are you want to be overweight in 2024.

liz: are you the kind of guy, the type of investor that tunes out the fed or will you be very focused on tomorrow in this hour when jay powell and company have their news conference? >> yeah. i don't know if tomorrow matters as much but believe me, fed policy matters. we were in the camp for a while inflation is coming faster than people thought. could allow the fed pivot that happened last year. allowed for small cap rally. may will probably be the first cut. maybe three or four cuts this year. fed policy matters. don't ignore it but a lot matters more. liz: pryian, you know what matters at the moment, you get to witness with rest of our viewers a dow record. [closing bell rings] i will call the s&p too close to call. the numbers still have to settle. we'll watch it. that will do it for us. keep it here tomorrow, our fed coverage. don't miss it. ♪ larry: hello, folks, welcome to