they are concerned about the future work force. these workers that i spoke to are also a coming from multigenerational families, second and third generations that have invested their leaf in the steel industry. there's -- life in the steel industry. there's a sense of patriotism and a concern about national security moving forward. charles: yeah. we are going to need as a much as we can get real soon. great stuff, lydia, appreciate it. thank you. >> reporter: you got it. charles: all right, folks, the cp effect is working, right? we were a little bit in the red -- see, this is what i do. liz claman loves me because i take markets that are down, and over the course of the hour we bring in so many amazing quests and -- guests and we articulate what's happening and somehow take the market even hire. but she wins the guest war today because she's got the ceo of the hottest stock in the market today. liz claman, can't wait to see this arm interview. liz: oh, yeah. rene haas is getting in the chair. top of the hour, here we go. 59 and a half minutes left to

trade and the s&p bumping up again. just 4 points away from 5,000. so we're on s&p watch, record watch. but something very unusual is happening when it comes to leadership on the s&p. i mean, for once the winners are not overpopulated with big tech or the magnificent seven. take a look at what is at the top of the broader index. we have two high-end retailers, ralph lauren -- ralph is gaining 17% -- tapestry is in there too, up 7.75%. both are lifting full-year forecasts. consumer and media a giant disney, for reasons we are about to get into with wall street's top media analyst jessica ehrlich, disney is pounding higher, and "wall street journal" and dow jones parent news corporation right there up 7%. that is an all-time high for news corporation and a 9-year high for ralph lauren. now, if chip designer arm were a member of the s&p, they would blow away every single name in the index. look at this gain at the moment.

shares blasting to the moon, actually not even at the highs of the session, up 49%. had been had been up more than 55%. right now we're looking at the price of $114.90. the company that provides the blueprints upon which nearly every semiconductor manufacturer then customizes their chips went public back on september 14th at $51 a share, valuation of $54.5 billion. today that market cap stands at $125 billion. what kind of magic dust was in arm's earnings report, and will it be concrete must have to propel these gainses even further? arm ceo rene haas caming -- coming coming up live on "the claman countdown." traders are hunting for the s&p to get a bit more of a. >> shred of green for the dow and s&p to clock more records. the dow is up 19 points, fresh record. as we continue to watch all of this, the nasdaq is gaining 41 points. it's the one that's really been up most of the session. could that be because the smart

money is readying trades that signify a shift in the bull run? to the floor show and trader scott bauer who, as a member of the cboe exchange, has this ability to spotty guess, scott, new, large positions. what do you think? and this is the reaction to the new york community bank's worrisome earnings eight days ago, you know, nycb -- we've been covering this at the top of the show for the past couple of days because it's been a bit frightening -- cratering 29% over the past couple of days. but it doesn't appear that anyone who's investing in the major indices is too concerned. that's on the surface. what are you seeing when you dig a bit more deeply? >> no, and that's very true, liz. what concern there? what we're seeing is record option volume, and that option volume picking up on the call side. not just, you know, at the money calls, slightly out of the money calls, we are seeing the institutions and big retail, you know, enterprises come in and buy bigtime out of the money,

upside calls. and what that has done in the market, it has given a skew when we look at price of call versus put options. it has given one of the largest skews i have ever seen in my 35 years to the upside. even in stocks like microsoft, meta, alphabet. but then you get to the stocks ahead of earnings like an amd we had last week, nvidia coming up right now. arm was the same yesterday. affirm today. and we're seeing call volume just off the charts -- liz: okay, wait. so let me interrupt you. to be clear, you are not seeing kind of quiet amassing of what would be bearish calls at all? you're not seeing that at all in some of the big institutional names? >> the only bearish thing i'm saying -- i'm seeing, and this could be more of a hedge than anything else, is there's still a lot of upside buying of calls in the vix. so march '20s, for instance. i think 70,000 more went up

today. liz: okay. >> we're seeing going out to april and later. but you know what, liz? the vol of the vix, and the vix is so cheap right now, these institutions are protecting portfolios by buying these cheap, cheap vix calls and getting into these other majors, especially tech and anything a.i.-related right now. now, we know that can change in a heartbeat, right? but through this earnings season here that a call skew, which is coming from this big buying from institutions here, again, i don't know that i have ever seen it so out of line the way it is right now. liz: okay. thank you for letting us know, but that makes me a little bit nervous because everyone's filing -- piling n. if you dig down and actually see what's bringing us there, and that would be at least disney for the dow jones industrials, that's what we need to get to here. scott, thank you so much. it is time to drill down do on disney's domination of the dow. investors piling into the

entertainment giant's stock which right now is up 11.8%. high of the session, $112 and change. low -- sorry, the last trade right here, $110. so we are looking very, very strong for disney. but while disney boasted powerful increases in experience revenue, entertainment revenue fell 7% last quarter particularly because it did not have a blockbuster, billion dollar movie release. so while the mouse house is celebrating now, is this double-digit percentage jump in the stock sustainable? joining us now in a fox business exclusive, bank of america security's senior u.s. media and entertainment analyst jessica reef ehrlich. she's got a buy rating on the stock, and you raised your price objective from 110 to 130. right now we're just at 110 at the moment, so you think it's going to go that much higher. what's going to get disney there? >> there were so many things on that call last night. you know, they talks about

finish talked about cost cutting, but more than that it's the really across the board. so the company addressed so many financial drivers, gave guidance for the first time and talked strategy as a well. there are just so many places we could go here. liz: yeah. and one of the places that had been a financial suck, certainly, meaning money suck had been and is still disney+. but they looked at this and if said they lost 1.3 million subs from the previous quarter. so yesterday at the same time bob iring was doing his call, the announcement came through on taylor swift's instagram that they will be rolling out the eras tour movie on diss disney -- disney+ if exclusively. is that going to be the thing that gets more people to disney+? >> well,s they said that the growth in disney+ subscribers the next quarter will be 5.5-6 million which is above most estimates. the question is, is it taylor

swift driving that, which is totally possible, or is it the new charter deal which kicks in. so disney+ will be carried on charter's spectrum select tier which is their biggest tier. so that's also a big driver. but the growth in disney+ subs is coming from password with-sharing crackdown, it will come from rate increases as well. and there will be margin improvement from cost cutting. will. liz: but this is going to be huge. it's almost like when they rolled out hamilton on disney+. a lot of people wanted to see that. here's my question, when netflix had the same amount of revenue and same subs, they also had 4 billion more in profitability. is this move to profitability more like a very slow process, and will it ever make up for what the legacy part of disney's business has lost? >> it's a different environment, so i know a lot of people have been using that comparison today. it's just -- it's almost not fair because it's a much more competitive environment.

disney has incredible ip, and they are mining that. so what brings people to services, streaming services, are things like movies or, you know, like taylor swift's movie's a really big deal. what keeps them and engages them is the library and ongoing content which is a big focus of the company. so over time they reiterated, you know, last night, this morning that it will be double-digit margin business, so it will grow, of course. the legacy business isn't going away. liz: let's talk about the new sports bundle, okay? you're the top media analyst on wall street. have you modeled for the price of this new sports bundle, the skinny bundle, with warner brothers-discovery, disney and fox? banding together to proif slide unbelievable -- provide unbelievable numbers of great sports programming. >> all three companies have been a little skimpy with details. they don't have a ceo, they haven't announced pricing, but we think the price will be $45, 50. it will be a premium price, but let's put it this way, if you're an avid sports fan, you're gieng

either going to be in the pay tv bundle or you're going to subscribe to this service. it's just a very robust service all in one. so they're covering all of their bases. they will also roll out espn, like the mothership, next year, august of '25, before football season starts. so that will have a lot more bells and whistles. liz: well, what about that? if now aren't they going to be, in a way, competing against themselves? espn will be in the bundle, but espn+ -- >> it's a totally valid question. the way they describe it and, of course,s we haven't seen it, is that it will look very different. it'll have everything the linear channel has plus a lot more, a lot more personalization, statistics, betting, etc. we'll see. i mean, you have to be a superfan to get all of it, but e espn has covered every base. the other thing on espn, the last thing is that they said there's more to come in terms of strategic investors, so we expect, you know, whether it's nfl which has been speculated or nba which is possible, we will see. but they seem pretty consistent

on that. liz: let's with go to the film business because they did not have a $1 billion movie last year for the first time out of nine if you take out the pandemic year. that disturbs a lot of people, certainly nelson peltz who is the activist investor out there. nelson peltz has a much bigger stake in stock than bob iger does. iger basically sold out of almost all his position. and the board whom at least one member, nelson peltz would like to replace, has very little more than. they barely have ownership here. so doesn't that bode or poorly for disney, and as he -- nelson peltz -- moves toward really making a stink here, do you think it's valid at all, what he's asking for? >> i mean, that is currently the weak link, and we know that. gone are the days when they had little mermaid and beauty and the beast and lion king, pocahontas, etc., etc.

that was a long time ago. liz: but to that point, they unveiled the new little mermaid, the redone snow white and even disney if said in a filing in november that they realize there's a misalignment between how they're putting out movies now and how they changed the narrative. some might say woke, but they changed the narrative, and they said there's a difference and a misalignment between that and what viewers really want. go on. >> but it takes -- back with, bob iger's been back just over a year. anytime there's a change in management if usually at the studio level, it takes 2-3 years before you see the result, so this is a work in progress. we're not really going to know -- on patient everything sounds amazing, but we'll see. that is the one area that still needs a lot of tlc, and according to bob iger, he's spending the majority of his time here. but in the meantime, they also invested in games, they've made investment in epic, so you'll have this universe that, you know, this immersive world for disney over the next few years that the you could see strategically the pieces are

moving. but film is content-critical. liz: absolutely. they need to get back on track there. jessica, great to have you. >> thank you so much. liz: jessica reif ehrlich, great to have you. disney if stock is not the only paragon of beauty at this hour. coz met ins maker e.l.f. up 140% over the past year. up next, the ceo is going to tell us how the makeup retailer is making real money with dupes. do you know what dupes are? budget-friendly duplicates of trendy but very expensive luxury products. retail one of the top performing s&p 500 sectors at this moment. checking the xrt, right now up 1.5% intraday. "the claman count countdown" is coming right back. and the s&p now looks to be within about 2 point ifs of 5,000. we'll see if it can happen today. didn't yesterday. ♪ ♪

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when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. >> his boss was overspending on beauty. >> she is wasting company funds on overpriced makeup. >> good makeup is expensive. >> pricey makeup is a scam like couples therapy or boundaries. >> ooh, i object to his whole vibe! >> you're telling me you need to spend $92 on foundation? don't pee on my leg and tell me it's raining. [laughter] liz: only judge judy. she made up that line, absolutely unbelievable. yes, all rise. e.l.f. beauty just released its new super bowl community, the cosmetics brand making its return to the most coveted slot of the year including judge judy as judge beauty in a celebrity-packed courtroom

filled with the cast of suits, singer meghan trainer as well as others, e.l.f. noting that marketing at least the way e.l.f. has been doing it is a touchdown. the company reported its fiscal third quarter results this week and revealed sales surged 85% yee over year thanks to its marketing strategy. the company also crediting dupe culture as a consumers hunt for more affordable versions of high-end products that have gone viral on social media. e.l.f. if has been right there with its less expensive version. as the stock pops 4.25% right now, the e.l.f. beauty ceo joins me now. you hosted your full-year sales -- hoisted your full-year sales forecast significantly higher than i guess both your prior guidance and what wall street expected. you were at 906 at the high end, i think. analysts were at 927. you've raised it to 980-990 million. what is getting you there?

what will be the winning secret sauce? >> well, thank you for having me. i'm so proud of the team. this is our 20th consecutive quarter of net sales growth at 85, as you said, and there are really three main drives, value proposition, powerhouse innovation and marketing, and all a three are working together to really compel our sales and our profits. liz: well, it must be incredible because those super bowl commercials are not cheap. we heard around $7 billion -- [laughter] $7 million for a 30-second spot. yours is longer. are we right on the price around this? >> well, it is expensive, but the reason why we're doing it is we've had this strategy of continuing to engage and entertain our community, bring more users into the e.l.f. franchise. we're the number one brand amongst gen-z, almost a 29% mine share, and the super bowl part of our strategy to broaden that aperture. we had really good success last year teaming up with jennifer

coolidge featuring our prime which is the number one item in coz cosmetics. i think we saw 60 billion impressions from that effort. we're to doing a national buy that's going to triple our reach and teaming up with judge judy who has universal appeal, the cast of suits and dramatizing our franchise really under the premise and dramatizing you don't is have to overpay for makeup. with e.l.f. you can have premium quality and incredible value. liz: and the stock, that's what our viewers often a look at, up 140% over the past year. when you compare that with the higher end luxury brands like estee lauder or some of the brands underneath the lvmh um umbrella, you guys have done better. what does that tell you right now about the consumer in an atmosphere where we are not in a recession, but they almost look like they're waiting for it and they're trying to get frugal before it happens? if. >> well, you know, our mission is make the best of beauty

accessible to every eye, lip, face and skin concern. and a key part ofs that is our value proposition. and we definitely see from a consumer standpoint this ability of having or getting access to prestige quality at a fraction of the price really resonates with them, and it certainly is driving our results. liz: well, what you've done is you've gone absolutely nuts on social media and doing this dupe culture, coming up with products that are very similar to what has gone absolutely incredibly vile like the dior lip oil. that, of course, is very expensive. i believe it's around $40 whereas your lip oil is way less expensive, and you're almost duping it. it has the term lip and oil in it, different name though. yours is only $8. and you put your with own special spin on it, of course. >> that's right. liz: but them -- tell me how much further are you going to go? i know you've got a foundation that is similar to the charlotte

till bury foundation which is very expensive, $50, and yours is $14. how much further are you developing those products that can be so-called dupes? >> that's the core of our powerhouse innovation, our unique ability to take information from prestige in our community and really bring that level of quality at an incredible price. the lip oil's a great example. we often a look to our community, which always tells us what they want, and they basically said, hey, we love this lipow oil out there -- lip oil out there, but it's $40. we can't afford that. what can you do? we learn from our community, they like to hydrate better, they like a bigger applicator, we put our twist on it, and we never make any direct comparisons ourselves. our community will do, you know, a thousand tiktok videos basically saying oh, my god, this is better than the prestige item. and if you look across our entire lineup, these holy grails we like to call them have really propelled our business and continue to resonate. [laughter]

liz: i'm putting it on right now. this is called honey something. i like this. feels good on the lips. all right. we're watching all of it. i do have to ask you one quick question. i know that you look at acquisitions es. what about you guys as an acquisitions target? is there's been a little chatter that maybe coty looks at you and says we want that under our umbrella? >> well, you know, we're just focused on continuing to deliver exceptional a, consistent category-leading growth, and we just see so much runway ahead of us. we've doubled our market share in color kosnettics over the last few years, we feel we can double it again. skincare is one of the fastest growing areas of you are to business, and we have two of the fastest growing skin care brands out there, and we're just really getting started on our international expansion. up 119% last water -- quarter, so that's what we're focus fog on. the rest of it takes care of itself. liz: the stock up 4.33% right

now. thank you very much. i'm going to save the honey talks lip glow, whatever it is, for charlie gasparino to try in just a few minutes. [laughter] we will stay tuned for that. good to see you, tarang, thank you. >> thank you. liz: auto stocks revving their jenins -- engines just as the chicago auto show kicks off this weekend. we got you a sneak peek ahead of time. one famed ev merrick or making its first appearance ever at the country's largest and longest running auto show. oh, yeah, you can figure out who that is. what is -- you know what? tesla's not gone to these auto shows, and look at that right there. we're going to show you more and get you the scoop on that. and paypal, the very biggest laggard on the s&p 500. why do investors believe it doesn't pay to be a pal of the stock right now? we will get you the answer when we come right back. ♪ liz: is it just one point?- we one point away.

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liz: fox business alert, okay, we just came within .3 of 1 point, okay, of s&p 5,000. right now we're at 4,498. we were just at 4,499.68. it is right there, slightly beyond a kitten's whisker of a grasp. we're watching it. we'll see if it happens. you gotta stay with us to see if it happens as a well. paypal, though this, or on pace

for its largest percentage decrease since august after a it forecast flat profit growth for 2024. the digital payments company down 11.5% at the moment, its total active accounts dropped to 426 million in the december quarter from 428 million in the prior. new ceo alex kris said he is working to make the company leaner, well, make sure you work to get more subs. investors gambling on wynn resorts after the company beat anyss on fourth quarter revenue. the stock getting a nice bump of 6.33%. the resort attributing the to strength in gaming, luxury retail and hotel bookings at its macau properties. wynn declared a 25 cent per-share dividend payable on february 29th. and and the stock up 13% this month alone. investors are slamming the brakes on o reilly automotive after the company's full-year profit forecast was below analyst expectations. the automotive parts retailer

blames rising expenses, heavily investing in tech as well as store infrastructure. the stock's pulling back by 4.7%. well, if it comes to a big auto show coming up, one of the big detroit three not going to be there. stellantis has pulled out of the chicago auto show this weekend citing challenging u.s. market conditions. all right. so stellantis is actually up 2 percent if at the moment -- 2 at the moment, but this is the largest show in the nation when it comes to autos. but there's a new kid on the block this year, ev maker tesla who has never been there before, right, kelly? kelly saberi's at the chicago auto show as tesla makes its debut. what message do you glean from that? >> reporter: well, we've heard this week, liz, from ceos of multiple automakers that they're scaling back on evs, yet that's the big message here. we've got signs all around that

say chicago drives electric. in this as tesla, lucid and rivian make their debut here. we have the cyber truck, the first of which was delivered in november of last year. let's talk a little -- a little bit about some of the features of this, and if any of my loved ones are watching, this is what i want for my birthday in a a few weeks. we have the stainless steel exterior which will not chip. as you can see, it's got these really interesting wheels that i'm told are made for really tight turns. let's go over here to the front where it has the front hood which we've noticed is a feature of many of these evs, if i can open it for you, you can actually hang out here in the front maybe for tailgating you need more seats or something like that. now, let's go over to the doors here. it opens with the, not the traditional way that the other teslas do, liz, but you have to touch either side e of it, and then it will pop open like this

and, of course, it has that classic tesla panoramic sunroof that we see in the traditional ones as well. liz: oh, wow. >> reporter: and you can also test drive some of these as a well, but you cannot test drive the cyber truck, unfortunately. you're supposed to be able to climb on top of the back, if i can just take you over here for a second, you can see it has the truck bed that is supposed to hold 2500 pounds and and also be able to tow 11,000 pounds. you're supposed to be able to climb on top of this thing. they won't let me do it because they're scared i'm going to fall, but i'm going to show you how it opens up. so pretty neat. what a do you think? liz: oh, wow. i want to crawl in the frunk, the front trunk -- >> reporter: i do too. liz: nobody's going to tow in that thing. they're going to roll around in palm beach, malibu with. that's -- listen, and from a business standpoint, elon did say he needed to start basically

advertising in japan because japanese auto buyers are not familiar enough with tesla, and they've never marketed before. now it looks like they're giving in as the competition heats up, kelly. that's too cool. thank you. >> reporter: yeah. they're saying that they want construction people to see how much it fits in the back with, but i'm not sure it's going to be used for construction, liz. [laughter] liz: no. we shall see. kelly, thank you very much. with arm flexing some serious stock muscle, shares right now up 49%, zooming higher after a boffo bullish forecast. the ceo, rene haas, next to tell us how the craze for its chip architecture is helping it land the one-two punch in data center a.i. and automotive markets. plus, oh, you want to talk about the one-two munch? if muhammad ali, best ever, right? did you know his daughter, laila ali, became the best ever female

boxer? and this as her dad was completely existence her doing it. against her doing it. ing how did she convince him in you know what? if she didn't have such a fair i tale childhood, guys. hear exactly how she grew up, why she got her first job at age 12 at mcdonald's -- yes, muhammad ali's daughter and he was very famous at that point -- her work ethic and how at a 18, 19, 20, she was like, hmm, let me try boxing. you've got to hear this story. apple, amazon, spot fire, i harte radio, it's everyone talks to liz, my podcast, because millions of downloads because everybody wants to hear these aspirational stories. how did they do it? well, laila tells how she did it. stay tuned. we're coming right back. we are on s&p 500 watch, 4,997.7. ♪ ♪

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liz: arm holdings, the story of the day, going parabolic. right now the stock is up 9.7% -- 49.7 to $115 and change. i mean, this is the biggest single-day gain ever for the stock. at one point this session shares touched $126. that's what a top and bottom-line earnings beat will do. arm reporting adjusted earnings of 29 cents a share for third quarter, the street was looking for 25 cents, and revenue of $824 million, the estimate was for $761 million. so wide beats here. the chip ark a techture company also gave a very sunny forecast, predicting a huge boost from a.i. and also it keeps pushing into markets outside smartphones including data servers and automotives. arm has done incredibly well after a going public in september. the stock has jumped 104% since that ipo day. what's going to make it continue to climb?

arm ceo rene haas joins me now. the big interview in this final hour of trade, rene. tell me exactly what you feel is really behind this big push, because at the moment when you really look at your business, it really appears that you are finally breaking out and getting that message beyond the smartphone chip world. >> well, thank you, liz. you know, i think what you're seeing in our results and what we guided to is the result of strategies we put in place years ago. and that was trying to move outside of our domain of the smartphone market into the data center, automotive. and what we're seeing now is that it's really paying off. we're gaining market share in those areas, more and more arm technology's being used in those areas. and then when you get, you know, a.i. involved, my gosh, the need seems almost insatiable. liz: let's talk about the a.i.. you have an incredibly strong partnership with nvidia. that has helped propel all of

this. what are the new developments you're working on right now in this current quarter that will sort of be the next narrative for following earnings reports? >> well, as you said, nvidia's a great if partner, and we've got a lot going with with them in the data center for a.i. training, a.i. imprints. but a.i. has found itself really everywhere. if you look at the new smartphones from samsung and google, incorporating a.i. to capture images you can circle through search or translation, that's all a.i., and that all runs on arm. and what we're seeing going forward is that designers start looking about designing those next chips and systems take advantage of a.i., they know they need more and more compute. so what we're seeing is really across all devices a need for more compute capacity which i think bodes well for our growth. liz: rene, i'm just thinking right now and i'm wondering which customers have you recently landed that the let's just say three years ago a you wouldn't with have dreamed of? i know you're in a billion, billions and billions of whether

it's internet of things around smartphones and all -- or smartphones and all kinds of products already, but have new customers come to you and you said, my gosh, that's exactly what we were hoping would happen? >> we've got lots of new customers across different areas, liz. the way i might think about it, we're in iphone, but we're also in tesla. we're in ford f-150. we're in a ring smart camera. we're in an lg appliance that is inside your home, your stove, your refridge rater. we're in a lot of places that people don't think, my gosh, that's where arm is? and we are the brain, essentially, that runs all these devices, and these devices are adding more and more a.i., it's a good place to be. liz: i can imagine if. automotive, obviously, you're in tesla. how many car companies, just a rough number, are you in, and what about this sort of slowing down of the ev market? that that uses, i mean, hundreds and hundreds of chips in a single car. >> yeah. not to be cute, but i can't with think of a car that we're not

in. [laughter] to be honest with you. i mean, we have all kinds of market share in ibi, in -- [inaudible] all kinds of market share in power train, so i don't think i can mention a car we're not in. and regarding the slowdown, this is where people sometimes misunderstand arm because if markets slow down, they don't tend to slow down for us because what we're seeing is more and more of these devices needing more and more technology. and we're also a gaining market share. so largely in some of these markets, liz, when units go down, the numbers for us continue to go up because more and more arm technology's being used, and we're tradition to new, more valuable technology. liz: well, let's talk about the new technology that you unveiled in 2021, and that was the v9 that carries twice the royalty rate. royalty rate is, is great money, and it's consistent money that comes back again and again and again. let's talk about that and where

you see these higher margin royalty chips really kind of growing in the future. >> yeah. so let me give you a simple example. v9 represented about 10% of our royalties last quarter, 15% this quarter and growing. and if you looked at a phone that had version 8 in it, by proxy the version 9 phone is going to be more valuable. but also the version 9 phone will have many more processers. a version 8 phone might have four arm processers, a version 9 might have 12. so you have this compounding effect of the rates are better, but there's more arm technology. and that example i just gave you in the smartphone, that applies where we're talking about the a automotive application, a data center is application. and some of those data center applications that use version 9; we didn't have a solution for version 8 data set. so that's also -- [inaudible] liz: ren if e, a day like this,

48% gains, what does that feel like? especially when the rollout, you know, people criticized a couple of days after the ipo. what's the stock doing, why isn't it doing better. this has got to feel pretty darn good. >> well, thank you. i think what we're happy about is people are starting to understand our company a little bit more. we're not an easy company to explain or understand -- that we do. so today gives us an opportunity to ec explain a little bit about what we do and people understand it a bit more, which is great. liz: yeah, we get it. chip architecture. you don't make the chips, you sell the blueprints to the chip companies. ren if e, it's really good to see you and great to follow this story. thank you. >> thank you so much. liz: boeing has gotten banged up and banged around this year, down 19 as it tries to get -- 19% as a it tries to get out from under the horrendous alaska max 9 incident where an emergency door plug blew off

midnight. but our countdown closer says, get in there. the stock is going to be a high flyer once again. rial? find out why next -- really? find out why next. stay tuned. we're coming right back. four points away from s&p 5,000. ♪ ♪

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♪. liz: a skunk is lurking around the mouse house? while shares of disney bounce higher at this hour on solid earnings and cost cutting can a healthy quarter shield it from the wrath of elon musk and what has the tesla and twitter chief got against mickey and friends, charlie? >> a skunk? liz: in the kyle rittenhouse. >> you wrote that. liz: came up with all of that by myself with a muskky smell. get it? >> you remember that cologne, musk? used to drive women crazy. liz: what is it, bits of tiger? >> tying balm we'll another segment. he does not like bob eiger. he was interviewed by andrew ross sorkin at deal book. liz: disney pulled ads. >> we won't repeat it, he

basically told you know what himself. he doesn't care that he pulled. now he is going after disney. he is essentially trying to raise awareness, create lawsuits against what he believes is disney's discriminatory hiring process. here's the thing, i'm doing a book on corporate wokeness just so you know. i know a little bit about this. if you put on a scale of one to 10, disney fits on the woke scale, it would be close to 10. where they fit on diversity scale, i'm not talking about the type of diversity you and i grew up, outreach to minority communities, under reached communities, try to get people that don't look like us involved, that is a noble thing that is what we should be doing. it goes farther than that, it goes into based on my research stuff that comes really close to quotas. i did look at a disney document

that has been floating around for years. ironically it bottom sent to me from an investor in disney today who is on musk's side. if you look at this document, i might write this up for fox business.com, we'll put the document out there, it basically has quotas at every level. they're kind of quotas, we need 50% it says, quoting pretty much what it says, of underrepresented groups here, here, here, here, down to the supplier level. and i actually never seen anything, a dei statement that draconian before. there does not seem to be a lot of room for hiring a white guy if you go beyond that 50%. the question becomes, i think, is whether in light of the supreme court's affirmative action ruling whether something that draconian, remember this is all based on the titles of the civil rights laws that kind of apply to employment, as well as

if you talk to enough lawyers which i have, it applies to employment as it does to college admissions, whether this is passes the smell test, and i tell you it is coming close. now, add musk's hatred of dei, he has become a newfound conservative, the fact that he hates iger, and the fact that disney out there on the woke scale, you know, i'm telling you i got this from an investor. i didn't even know to pull it up. liz: where is the basis of the lawsuit? >> okay. so -- liz: discriminating against white people like the bakke decision from years ago? >> yes. remember you have a supreme court that rules on affirmative action based on a reading of title four. there is title four and title v of the civil rights act. one is employment. one is education. they're both basically the same where you're going to have someone sue them on discrimination, using the supreme court. liz: elon wants to be that

person to sue them or fund lawsuits? >> it looks that way. he wouldn't be the first. peter thiel got rid of gawker because he funded hulk hogan's defamation suit against them. liz: there is big stretch between that and -- >> rich people that have money want to do certain things. thiel wanted to get back at gawker. liz: it will be a hard case to make? >> i don't know. you do have a supreme court ruling now. liz: keep working on that. i will look for the piece on foxbusiness.com, thank you very much. >> you got it. liz: s&p 500 it pulled back, recoiled a teeny bit. it is five points away from the historic 5000 level. does the inflection point signal to investors to back up the truck or back out? joining me with $10 billion in assets under management, peapack wealth private managing principle, senior strategist, david dietze. back up or back away? >> certainly the big round number is no reason to do anything. look the s&p 500 is up 5% in the

first five weeks. it will not be going up 1% per week for the rest of the year. i think your opportunity here to take profits in some high flying tech companies. arm holdings, whoever heard of it? up 56%. liz: we heard of it. >> exactly. take some winnings, go into the second largest sector in the s&p 500 is financials. of course it is way down with all the news on new york community bank but ultimately in this election year that government is going to support the banking system. there could be your opportunity. liz: that makes sense to cash out some of your winners, move it into the up and comers. boeing, you like this name. are you buying it right now? >> we have no choice but to support boeing. remember airlines are a duopoly. airbus and boeing. they have 99% of planes over 130. people want experiences not just in this country but worldwide. growing twice the rate of the world gdp. we need boeing. we have no choice.

boeing is under pressure there has been some flaws but what company won't have flaws? does any u.s. airline want to put all their business with airbus? next story them will have a problem. this situation with boeing is little like exxon with valdez, union carbide, bopal, sold j&j with tylenol. make a big mistake to the long-term growth off the table because of the short-term problem. liz: quarter to date boeing is down about 19%. some would call that, like david, a buying opportunity. so good to see you. >> thank you. liz: my friend, david dietze. here we go, the dow and the nasdaq are heading toddes friday with a -- toward friday a three day win streak. [closing bell rings] s&p 500, 4999, too close to call, will it do it? oh, my god, stay tuned. "kudlow" is next. ♪ larry: h