introduction of a new alternative global verve that is backed by precious met aals and rare earth met aals, that is talking about potentially on the west this swift system, the system that is still relying on the dollar as the underlying benchmark, that is where the with concern is. would we be kind of pushed back into a corner to make our assets is and our dollar backed by something that is real, true, intrinsically valued assetses and not justify yacht currency, the full faith and credit of the u.s. treasury. charles: maybe that would make us embrace the oil that we have -- >> amen. charles: all these central banks around the world have brought buying it all up. rebecca, always appreciate you. just like yesterday, you know, we came into the show, the market was a little wobbly. e gave it a little bit of a lift. we call it the cp if effect. now can liz claman keep it going? if. liz: not considering, i'm not sure, charles, but what you just told your viewers about new york

community bank, i mean, that is a little worrisome. we're starting with that because there is breaking news. new york community bank plunging to a more than 32-decade low as we -- 2-decade low. news breaking in the last hour that the bank has been sued in a a proposed shareholder class action lawsuit. now, we understand that the suit accuses the bank of concealing deterioration in its loan portfolio which resulted in a a huge stock decline, and that decline began last tuesday when new york community bank reported a surprise quarterly loss and chopped its dividend citing commercial property loan loss exposure. since then the stocks has face planted and is, it's just going worse and worse, lower and lower at the moment, down 59% over the past 5 and a half sessions. management says its custer deposits are -- customer deposits are, quote, very stable. we are going to keep an eye on this throughout the hour because few of us forget what happened a year ago mar with the regional l

bank crisis. janet yellen making some comments, we'll get to that in a minute. in the meantime, if the markets were an of course to pus, it's one of the bunch of tent calls waving around trying to grab investors' attention with different messages. stocks are really hunting for direction. yes, the dow has been in the green most of the session, up 60 points, had been up 165. but that hunt for direction really stands out with the s&p. the s&p has a crossed unchanged line 138 times this session alone. right now it's up 3 points. the nasdaq, been struggling, down 16. the markets got a message from cleveland federal reserve president loretta midwest per. mester, who is a voting member, intimated the door to interest rate cuts is not open right now because if the possibility still exists that inflation could hang around longer than anyone if hoped. ergo, the door is shut for the moment she did say, quote, the

fed can lower rates later this year if the economy performs as preponderated -- expected. we all know that's a big if. so the 2-year yield, which had been as high as 4.479% but had already started to wobble intraday, turned tail upon the release of her communities and now is at 4.40%. so these bond yields are coming down at the moment. the 2-year down 6.6 basis points. but again, looked at the s&p because you will see how it has hugged that flatline, back and forth. the s&p in its own way is sending a message, the broader markets are not going to rally on that tiny ray of hope mester allowed through the crack of that currently-closed door of when are we going to have the rate cuts. let's check the nasdaq because while the point loss isn't the worst of the session, right now down 15, had been down about a 82 points, there might be a warning flag inside the index where just about every one of the hottest semiconductor stocks list. rough day for the chip makers. could be the fact that they've

run up so pennsylvania, so fast this year, but some unusual behavior in a.i. chip superstar the vined ya shares has some analysts wondering if the rally in all of these names might be coming to an end. after touching a record high of $697, shares flipped over and and are on pace for their largest percentage decrease since october. they've come up off the floor since that headline hit but still down about 1.8%. and that coincided with this headline hitting the tape from barron's. quote, the stock market may have begun a correction. big tech stock it is are responsible for a decent portion of recent index gains, and the s&p 500 could easily falter if those names stumble. barron's quoting victor castle who warned, quote, the first dip is upon us. we see an increasing risk of a tactical market correction in the near term. and yet if the vix is any judge, the markets remain pretty cool as a cucumber. the volatility index is falling

2.5%. it has dropped 29% over the past year. this leaves us wondering what's really ahead for the markets. let's get to the floor though -- show, joining me now, liz ann sundayers. what signs, if any, underscore what barron's is saying, that a correction -- meaning a pullback with of 10 so % -- is perhaps a little bit closer than anybody thought? >> well, is so here's the under-the-surface stat, sort of stats that i think are worth noting. technically, we use the term distribution because the cap-weighted indexes like the s&p and the nasdaq are still the both near if all-time highs. but under the surface this is been a lot more weakness and churn. so just year to date, of course, we're only in the beginning of february, we haven't had any more than about a 3 percent if drawdown in the nasdaq at the index level. but the average member, maximum drawdown has been 18%. liz: ah.

>> so this is almost like the exact mirror image of what was happening in october of 2022, 15, 16 months ago when we were at that bottom in the market where the indexes were being dragged down disproportionately by some of those larger names. under the surface you were seeing better breadth, more participation. that's positive divergence. now we're seeing the opposite. the index is being kept at fairly high levels because of a small handful of mega-cap stocks. but under the surface you're seeing for weakness. so that's maybe one of the underneath the surface signs that, you know, barron's might be pointing out. liz: okay, i get that. but if you look at a the price action in, say, the magnificent 7 at the moment, it's kind of interesting to see a meta and an amazon and a microsoft in the red are. of course, they've had incredible runup -- >> right. liz: some of these names have had unbelievable earnings. so as we tackle that piece of it, again, the balance is really off that these have been the names that have propped up much of the market, correct?

>> they absolutely have. and now that in some cases some of the big high fliers that are already reported their earning, maybe it's not as simple as buy on the rumor, sell on the news, but once you get toward the end of earnings season and you lose that support given just how powerful the moves on the upside have been, some profit taking can extend. nothing goes up every single day and forever. but i also think what's interesting is what's happening even within the magnificent 7. so year to date nvidia is still the best performing stock. this is through yesterday's closing, but the single worst performing stock in the s&p is tesla. so they're -- and, by the withdraw, apple, a behemoth within the magnificent 7, is ranked number 299 3. so the -- 293. so the cluster is still there in terms of their cap size although tesla's not in the cap 7

anymore, it's dropped down to number 10 -- liz: right. diss anything, liz ann, make you a little bit wary that the vix is so indicating complacency on behalf of investors at the same time that new york community bank is imploding? it's one name. i'm not saying bring 'em all in, but we remember what happened a year ago and, in fact, treasury secretary janet janet yellen was making comments earlier because she was speaking before the house financial services committee, and some of the comments she talked about, she said, believe me, i remember what happened a year ago with silicon valley bank. it was very frightening, and she said we are working with the banks, regular laters are to manage risks. she called it manageable but said some institutions are quite stressed. and that would be new york community bank and now they're getting sued. is there anything that worries you that the market is taking so much of this in stride at the moment? >> well, the issues last year where you had the massive deposit flight given sort of electronic runs on the bank, i

think that probable if was softed very quickly with the fed stepping in with one of their macro prudential too manies that i think really stemmed the tide and prevented that from becoming contagious. but we do still have is, of course, the commercial real estate exposure. not to mention the fact that when in the new york community bank, and i don't cover the stock, i don't cover any stocks, but when they purchased the assets of signature, that moved them up to a different tier in terms of capital requirements. so not really idiosyncratic, but somewhat specific to them. we've been calling the commercial real estate problems more of a sort of slow motion train wreck or a simmering crisis as to ezed -- opposed to sort of lehman-'s, meaning you get a straw that breaks the camel's back at the same time, and that doesn't appear to be the case. but the problems associated with commercial real estate which are embedded more in those small and regional ban -- banks are still very much in the windshield, not the rearview mirror. it's just likely to happen over

a period of time as opposed to in a moment in time. liz: which is easier to swallow. i mean, let's not make everything look horrible. i always get accused of that, liz, you're so alarmist. [laughter] earnings look relatively good here. if you look at the s&p names that have reported already, both on revenue and ep if s we have a pretty good percentage of companies that are beating the expectations finish. >> earnings beat, yes. revenue beat with rate, not so much. so the earnings beat rate is running at about 81, 82%, and the percent by which companies are beating is 6%. and those are both decent relative to recent and long-term average ises, be i -- but the revenue if beat a rate is only 62%, and the and the percent by which revenues have beaten is only 1%. and that is why the focus on profit margins has been more acute, payoff that greater weight -- because of that greater weight that's happening now on top line as we're in this disinflationary backdrop. and it's also a reason why

you're seeing this increase in high profile companies that are announcing leis, because we're -- layoffs, because we're in that margin protection phase of the cycle right now. liz: liz ann, thank you. and, again, market protection, this feels defensive and the markets really continue the run they're had when they're playing defense? who knows. thank you so much for clarifying, especially, you know, how the internals of the market are a little bit wobbly. thanks. >> gotta look under the fast. liz: always. that's why we have you, my dear. thank you. shares of ford, look at a this, they are revving higher by 4.25%, at session highs right now, ahead of the earnings report expected after the bell today. investors will be digging in for details on how the company is offsetting continued losses in its electric vehicle business. but up next, we're going to get an inside look, right? if dig beneath the surface, on

ev demand through the company that supplies chips for major luxury automakers. shares of chip supplier on semi surging 10 after reporting record auto revenues in the fourth quarter. 10%. the ceo joins me live straight ahead. the bulls' electrifying pure play ev merricks, tesla, rivian with, fisker all tragedy charging higher. look at lieu sis -- lucid, up 7.6%. and, again, with 49 minutes left to trade, so much to talk about here. "the claman countdown" is coming right back. ♪ ♪ you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq,

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if one company just blasted through earnings with a boost from its ev auto sector. on semipie up 7 this week after the chip maker reported, actually now it's nearly 8% over the two days, 9%, rather, a fourth quarter earnings beat and full-year with revenues from its automotive semi. conductor business zoomed 29% higher to a new record of $4.3 billion. but with car buyers now opting to buy hybrids over electric vehicles, how is the current quarter shaping up? on semi's ceo, hassanal coury, is here. wonderful numbers, but wall street all about a looking forward and not in the rearview mirror. how is the current quarter looking for your ev business? >> yeah. by the way, we're also alls -- always looking forward. what's best is best. what is heft for us in 2024. and if i look at the technology or the mega trend, what i call the electrification of mobility

or immobility, the drive train, yes, ev has a lot of focus on it, the pure e vurks o battery, electric vehicle. but we from our company on semi, we cannot ignore the fact there is other segments, and one of them is the mug-in hybrid, where we still have a of the content are growth -- plug-in hybrid. the opportunity for us in internal combustion is about $50 worth of content in the drive train. you take that to a plug-in hybrid, now you have $150, so a 7x increase in content between the drive train and onboard charger. you take that to ev, that becomes $750. so the opportunity for growth for us is in that conversion even if plug-in hybrid is a steppingstone for a full ev. liz: well, let's get to that. hybrid sales have been jumping, and you give us a percentage move year-over-year of your

hybrid business specifically? >> so our hybrid business actually grew over probably 2x what the unit volume growth that was reported in 2023, and that is the content. so we're not really pegged to units specifically because the content, for every one internal combustion car that converts to a type of everybody v, we have 7-4x the number of con -- 7-4x the number of content in dollars $14x. that's the growth we've been investing in really for the last three years. and when you talk about, you called it the death of e have,s -- ev i think it's more of a slowdown. but if i look at percent growth, when i talked about silicone carbide which is the growth that drives electrification, we're talking about 20-30% growth in the market, and we're going to grow 2x that. so i'll take that anytime

setting the stage for the mega trend the growth over the next decade. liz: well, part of the issue with evs, and people get very anxious lately, is the charging availability. and you're going into that business, aren't you? tell us how and what kind of margins are inning like that. in something like that. >> so absolutely. for us, we looked at a it as what i call the sustainable ecosystem. you can have a lot of evs on the road, but if you don't solve the charging progress, people are not going to be adopting that ev lifestyle. liz: exactly. >> so we have to solve both of them, and that's part of our industrial strategy. and what we've announced is in technical detail 350 kilowatt product, that is the highest in the industry. what a does that mean for an ev owner? that charge can get a almost full battery in 15 minutes. that's like a gas station going in to get a bolt of water and coming back -- bolt of water,

and your -- bottle of water, and your battery is good for almost a full charge. that reduces range anxiety and also this inconvenience compared to an internal combustion engine which really offers a benefit when you can fill up in 5 minutes. liz: well, time is money for all of us, definitely. hassan, according to the semiconductor industry, and this gave people some pause, it could just be cyclical, of course, but the association says global semiconductor sales decreased 8.2% in 2023. are this -- will this year be lore than that? higher than that? >> so, look, i wish i knew what the without look is going to be. i can tell you what we're seeing and what i'm managing to company a to. what we've been executing to for 2024, we are not assuming a rebound or a recovery in 2024. that, to me, is the most disciplined approach for us to manage through whatever 2024's going to hold to set ourselves up for success in 2025.

and by the way, that's the formula that allowed us to present such great numbers in the fourth quarter that we just announced, is because we were disciplined walking into 2023, and and we -- unlike a lot of companies -- didn't plan for a second half recovery in '23. so we were very disciplined in our inventory position, our fab quitelyization. all of these -- utilization. all of these things. we almost hunkered down. we got through it. we're going to go through it in '24 and get ready for 2025. liz: well, if we look at an intraday, the 10-year looks gorgeous. if question we look at at an intraday, your message is being heard. well off the lows of the session. low of the session had been $74.90, we're at $77 and is and change at the moment. yeah, minute once said the key to happiness, low expectations. hassan, thank you. we'll see you next type. >> thank you. liz: at this hour a powerful and if deadly storm continues to

pound southern california now for a second day. three people reported dead amid high winds, downed trees and more than 300 mudslides. fox weather's robert ray is going to take us live to the scene in los angeles. he'll show us what's happening right now. that's next. closing bell, 38 minutes away. the dow transports solidly in the green at this hour, up nearly 300 points or 2% led by substantial gains in the airline sector. stay tuned, we're coming right back in a minute. the dow is up 64. ♪ ♪ if liberty mutual customized my car insurance and i saved hundreds. that's great. i know, i've bee telling everyone. baby: liberty. oh! baby: liberty.

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liz: fox business alert, severe thunderstorms in california sending oceans of mud and boulders, downed trees careening into homes, destroying cars and shutting down stretches of roads. since sunday torrential rains have caused 307 mudslides just in l.a. county alone. accuweather estimating the total damage in the state could be between $9-11 billion. joining us live from beverly glen, that's the road that leads from westwood on the ucla campus over the santa monica mountains into the canyon and the valley, is fox weather's robert ray. standing next to, robert, i guess what was a home. finish. >> reporter: well, yes, liz. and let's just get to some quick breaking news if we could. unfortunately, four people confirmed dead from this

atmospheric river. three to the north in california and one down in san diego. not good. and you see the dangers behind me, liz, right now. this home collapsed off of its foundation after a mudslide occurred just less than 48 hours ago creating this incredible debris field. you literally have pieces of homes here and mud all strewn down this road. and this is what you see in many different areas of this part of los angeles county. and i want to get right to it, liz. let's hear a firsthand account of what occurred at 2 a.m. sunday evening into monday morning. matt davis, you are on fox business and liz claman anchoring. sir, tell us what occurred. what did you go through? >> so about 2:00 in the morning we were all sleeping in our living room because we were afraid of events like this, and i heard or a crashing noise, like a -- [background sounds] like a thunderous collapse.

and i knew exactly what it was. it was -- it shook our house, and there's an explosion, like, the sounds of timber crashing. >> reporter: your house is okay. >> our house is fine. our house is fine. our next door neighbor, he lost his fence here. >> and this right here, insurance. let's talk about that. people don't have flood insurance up here. so what will you do? >> i don't know what they're going to do. i got a text if my buddy who lives in the little brown house at the top, and he said his homeowner's doesn't cover this kind of event. mudslides, it's -- i mean, we live in the hills. there's no floods here. >> reporter: well. and the thing is for our viewers that perhaps you're with aware or not, for the past two decades california has been in extreme and exceptional drought, and so these atmospheric rivers, that's not a normal thing. and so when you -- the fact that you guys are all a okay is amazing. but the problem is, is we have another round of rain coming in

tomorrow night that could unleash this hillside and many others. what are your concerns right now in. >> el -- well, to be honest, a year ago another landslide happened right there. so it's like i think the whole hillside is shedding right now because it's been dry, like you said. it's been drought for years, and then suddenly we get this deluge of water. it doesn't know where to go. it can't figure it out, so it super saturates and turns into a slurry and comes on down. so it could happen again. like, right there is sort of exposed rock, but right here could go, and then there's one space in between the last land landslide that could go. who knows? >> reporter: i'm glad you're okay. >> thank you. >> reporter: matt davis, thank you for being on fox business, and i really appreciate it, glad you're okay s. and they've got a lot of work to do and challenges ahead here, liz. for the in fact, there's people from the county and the city right now, they're trying to figure out how to get all of this debris and this mud out in

preparation for what is ahead cans which is more rain. we're not talking about long-term rain, hours and hour, but we're talking about potential huge downpours very quick. and what that can do is loosen up all this already saturated soil and create even bigger issues. liz? liz: i had not heard of the term atmospheric river before, and now it is suddenly everywhere. and it is, i mean, obviously creating rivers of mud. and as you report, four people dead now. it's just horrible. robert, thank you very much. and thanks to matt who was so graciously coming on the show during a difficult time for his whole neighborhood. fox business alert, bp is having its best daily performance in a year after the company's a ceo committed to buying back $4 billion worth of -- $14 billion of stock between now and the end of 2025. that i equates to about a $1.75 billion every quarter. a 17% increase from the if previous buyback program. the company reported fourth quarter net if profit of nearly

$3 billion. that exceeded analyst estimates. the stock is on pace for its highest close since january 5th, and it is powering higher by about 5.6%. investors, though, not banking on ubs at the moment after the company posted its second consecutive quarterly net loss. the investment bank was hit by expenses related to its takeover of credit suisse last year during the or bank crisis. it does come full circle here. we've got ubs down about 5.5%. the swiss-based financial services company says it does plan to start its plan buyback this year. it will start up after the merger with credit suisse is completed, that could be in the second quarter of this year, with the goal to surpass pre-takeover levels by 2026. and palantir having a rip-roaring session after reporting its first profitable year amid strong demand for its a.i. data offering. the data and analytics company

that counts it's government, israel and ukraine as a very big customer, forecasting full-year profits above analyst expectations. the company is also projecting commercial revenue growth of 40% for 2024 compared to 36% this past year. so keep in mind that this had been a very much government-centric type of company, and now they're expanding to helping hospitals and with businesses -- and businesses organize their data in order to bring down costs and make more money. jeffreys raising its rating on palantir from underperform to a hold, highing its price target from $13 to 22. it's already at $21.62 at the moment, and this gain has continued all a day long. look at that, folks. 29% higher for palantir. on the ore end of the -- other end of the spectrum, docusign getting docked by investors, reporting it will cut its work force by 6. the e-signature company says the majority of cuts will be in

sales and marketing. yesterday reuters reported that talks about a possible sale with private equity firm bain capital and helen and friedman had stalled over disagreements on price, and that has some people saying, i'm out. stock is down 2.5, but the shares have lost 80% since their pandemic high. docusign is, by the way, not the only once-hot tech name that's lost investors a lot of money. remember this guy? disgraced wework founder adam newman not so disgraced. i mean, now the billionaire says he wants to buy with back wework and take it out of bankruptcy. if does he have the funding to do it? and who would ever throw money at him again? well, believe it or not, a couple of billionaires. we're going to have that story and so much more on the state of venture capital when we come back. kevin o'leary, aka mr. wonderful, he always a gets worked up about a topics like this. he's going to share his lessons learned in investing purchase --

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list are liz we want to take a look at new york community bank one more time here. it is down a clean 25% at the moment on news that there has been a shareholder lawsuit filing in brooklyn court at the moment, and the filing refers to what happened last week. this is the intraday picture, but if we can stretch this out over to a week, you will see that this horrific slide began last tuesday when the company missed on earnings, chopped its dividend and cited exposure,

loan loss expose your to commercial reality that is on its books. yeah, this is not a pretty chart. we're watching it closely. and earlier today the treasury secretary said that the regulators are keeping an eye on the situation. all right, let us turn to real estate of a different kind but commercial nonetheless. is adam gnuman on a rampage to rescue his old job back? the founder of wework who was ousted after partying and private jets is trying to do just that, apparently. in a letter to wework sent on monday, lawyers representing neumann claim he's bart nehring with third point to regain control of the company. third point confirming only that it's had conversations with newman but has not committed to a partnership. newman has reportedly met with third point and softbank, and this happened back in october. but working with softbank would mean trying to win over this japanese hedge fund that wework

terribly bruised. considering softbank already sunk $16 billion into the venture, are these investors not doing their due diligence? and we're talking about if loeb were to partner with them, or is there potential here in buying something out of bankruptcy? kevin o'leary is chairman of o'leary ventures. kevin, you know a lot about buying company, sinking money into them, doing due diligence. first on fox business, i want your thought on whether it's daniel loeb or sequoia who has backed his newer venture called flow, if they're making a big mistake on this guy or give request him another chance. or give him another chance. >> i doubt this deal happens because of softbank's experience. it's hard to lose billions in the collapse of what weworks was at that time and then back the same guy that made you take that mark-to-market hit. other lps, other investors in softbank probably wouldn't like that, so politically it's probably not a smart deal.

and, by the way, weworks is just another real estate play, and the challenge there was they bought long-term leases from all kinds of buildings in every city, notably new york is where a lot of the trouble started, and then every single weworks rental is a very short-term lease. so you have a huge mismatch, much in the same way that idiot management is driving down these regional banks. they're not bad beam, they've just -- people, they're just never experienced this. weworks got wind out by the pandemic where nobody went anywhere for 24 months. do i think he'll get back the ceoship of weworks? no. if i don't think that's, there's a chance of that happening. this is just a garden variety bankruptcy. you have to realign the debt. it's almost a boring deal now because there's nothing proprietary about what weworks does. there's all kinds of rentals for property and shared office. i mean, you know, who cares, is what i'm saying. liz: well, okay.

but i'm tell you, a lot of people -- let's just say people who have bona fide businesses and are dying for venture capital, are scratching their head saying how does this guy get $350 million from a venture capital fund in silicon valley to start flow after he took a $47 billion company, which was wework, down to bankruptcy, $4 billion? if people are just, just flummoxed by this. i mean, how important is it when you're putting money into a company to look at the founder and see what they're really doing on a regular basis? >> well, you know, liz, it's interesting you wring that up, and it's a -- bring that up, and it's a great point. some of the greatest entrepreneur didn't make it on the first pass. they had one or two massive failures that really a gave them motivation to get it right at some point. because the sting of failure is very mote -- motivating. it doesn't mean that he's a good entrepreneur, it's just the one he associated with, softbank, it's going to be very hard for

them to be cooperative and put him back in the ceoship. it doesn't mean he's a bad entrepreneurial. by the way, when he addressed and got this new money, it was at a time when there was the lots of liquidity in venture capital. venture capital is down almost 40% in the last 24 months. because rates are going up. so it's not very easy to raise new dollars. most vc firm, even the giants like sequoia and others, are trying the look at their portfolios and deciding which ones will they back and which ones will they let die. liz: of course, yeah. >> this is not a great time for venture capital, it's a difficult time, and we really haven't seen liquidity yet. if you're raising money, it's very, very, very tough out there. you're better to go look at equity crowd funding. that's flat on the year. companies like start engine and others are actually raising money, but not $300 million at a time, more like $so -- 10, 20, 30 million at a time. liz: the spot bitcoin etfs finally blossoming after the sec

said, okay, fine, we will approve this. this brings up ftx, another entrepreneur that a lot of people poured money into and that imploded, you included. i'll tell you, you look at these, are there any one of these -- because there were seven, i think seven that were approved -- any one of these that you'd put your money in right now? >> no, i wouldn't use an etf and pay anywhere from 38 basis points to 1.5% -- liz: right. >> -- to hold bitcoin. why pay the fees? and it makes no sense. it's great for a retail product. it's great if you want to put a little bitcoin into your stock portfolio because you can buy it as if it's a stock, but it makes no sense for institutions to use these vehicles. and i don't think all of these are going to survive. i would think maybe two or three will make it, probably ones like fidelity, black rock where they have massive sales forces. the rest are going to buy because they just can't keep up and the ability to sell it. but etfs are not a good institutional product for bitcoin. you need an exchange that a

isn't being sued by its regulator. so right now a lot of these are using coinbase, but if you're a big institution, you don't want to use coinbase because they're still in litigation with the sec. the more likely outcome including binance p which you brought up, and ft, and which is gone, they're bleeding -- binance is leading assets like crazy because, of course, there's litigation. not settled yet in the sec, and, indeed, the founder 's on his way to jail. the new play there is the compliant m2 exchange in ab abu dab by which is setting itself up to gatt err all those assets and the compliant run by the sovereign wealth funds, that's probably the next play. that's where i'll go because i can feel safe puttings a sets there. it's the safest place to put money, and i'm not paying stupid etf fees. i mean, why would you ever hold bitcoin in an etf? i don't get it. if you're only going to put a couple hundred bucks into it, sure. most of that money is retail. i'm not saying it's a bad thing, but it's not an

constitutional -- institutional play. institutions are not going to buy bitcoin until gensler's finished suing everybody about a it. [laughter] liz: as a buffett would say, beware the fees eating up whatever gains you got. kevin, mr. wonderful, come back in studio. bring if your fancy watches. it's great to see you. >> thank you, liz. [laughter] liz: we're going to be right back with charlie gasparino on no lanes' latest to get on the ballot in all 50 states. t where does thaogt stand? we'll let you know. voya helps you choose the right amounts without over or under investing across all your benefits and savings options. so you can feel confident in your financial choices. ♪ they really know how to put two and two together. voya, well planned, well invested, well protected. (ringing) - hey kaleb, what's up? how you doing? - hey, i'm good, guess what,

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plus, get the new samsung galaxy s24 on us. ♪. liz: non-partisan political group know labels may have not decided whether it will front a third party candidate for the 2024 presidential race yet but it is highly confident it will get on 50 state ballots if it does. joining us now, charlie gasparino. how confident? >> i want to say how i got the story. i was reporting on cavuto earlier today about how there is consternation among nikki haley her donors increasingly she can't win a state after south carolina she might have to drop out, despite the fact she raised so much money. i said one outlet will be the "no labels" independent candidacy. they can't get oy anyone ballots they're being blocked by democrats in various states. within minutes i got a call from

people on the from no labels, ryan clancy, who is their political director, basically said this, we are absolutely confident we can compete on all 50 state ballots in 2024. that is a pretty bold statement. they can get they think on every ballot if they run someone. they haven't said they will run someone. they're on 15 states, they are soon to get 18 more. they think the 17 remaining to mount third party candidates. mount a third party candidates likely challengers, biden, trump, looks like it will be. as of now. thing could change obviously. it is pretty interesting. it is pretty adamant. they say they can do it. obviously they don't have a candidate. the names out there joe manchin who i met not long ago, gave a speech gathering at bob dilenschneider's house pr wizard, seemed like he wanted to run. he didn't say he was going to

run. people talk about him, glenn youngkin, republican governor of virginia. people talk about nikki haley being on that ticket. whether she will do it or not i can't tell. but sounds like she wants to do it, because she is attacking both trump and biden. if they can literally get on all 50 states it could happen. now, again, they point out, i pointed out all the roadblocks and everything else, they were like, we're still ahead of ross perot was in 1992. the last independent legitimate. he ran in '96 but got 18% of the vote in '92. before he dropped out, remember he was doing very well in that, in the contests. liz: yeah. >> i know they're wrapping. i'm not done yet. the point they're trying to make here is that wall street continues to push nikki haley. continues to worry that she can't make it. whether she can win a race. liz: right. >> look for them, if this does happen to put their money behind

a no labels candidate. it is waiting there, it is waiting there. liz: we're waiting and watching. charlie, thank you very much. s&p 500 now has crossed the unchanged line 153 times today. our "countdown closer" has a 5500-dollar price target on the s&p. it is 4952 at the moment. it says gains will be fueled by a wave of -- >> global rate cuts. liz: global rate cuts. i want you to say it. i don't need to say it. infrastructure capital advisor ceo jay hatfield is here. you're thinking there are going to be rate cuts? again we hear today from loretta messner, the cleveland fed, if anything later in the year. >> we agree with that. we really think june is the right time. what you need to watch is the roll down in inflation. it will be profound because they're rolling off .5s, and .4s and we're printing .5s

and .2s. we'll go 2.9, 2.4, 2.3, that will set the fed to cut. liz: how will i make money ahead of that? >> i don't think investors estimate how bullish rate cuts are. not that just the rates come down. fed and global banks have to inject capital into the banking system. which tends to inflate asset prices just like in '21. that is an extreme example. we think be levered into investment banks. we think on income side preferreds are mentioned. that is now at par. that is what happens when it goes fixed to floating. also small caps, we think there are a lot of at -- attractive small caps. liz: i would be remiss, large financials, regional financial, new york community bank off the session at the moment but still down 22 1/2%.

it has been a very ugly picture over the past five days. are you worried about everything you see here? >> we don't like regional banks because you can have runs on deposits. that actually benefits investment banks like morgan stanley and goldman sachs. we're avoiding regional banks. liz: you don't think it scares the some of the other banks? >> it does. potentially scares their depositors. we should have fixed the deposit guarranty limit. and they didn't. they're still vulnerable so we're avoiding regional banks. liz: jay, good to see you. >> thank you. liz: here comes the bell. the dow gaining 133 points. the s&p has wiggle room from the bulls. nasdaq up 8. [closing bell rings] satori fund founder and very smart stock-picker dan niles joins us. you don't want to miss what dan is investing in now. stay tuned. my friend larry kudlow is next. ♪ larry: hello, folks, welcome to