tv The Claman Countdown FOX Business February 16, 2024 3:00pm-4:00pm EST
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we're the only ones. s it is happening all over the world, let me tell you. and then, of course, probably the biggest one is heat suspicion. the elites always have it made. ironically, when things get really bad, their fortunes get even bigger and larger. think about what the federal reserve did in the last couple years. all they did was make mitch people richer -- rich people richer and made if your live more's pepsive. hair goal was to increase job losses. really. initially, the experts thought it would be 2 million jobs. luckily, it hasn't been that much. around the world there's anxiety and frustration, and rebecca just hit on it. it's going to be reflected at some point in the economy. for now though i say make money, that's the name of the show, but beware not just in the voting booth. cheryl casone in for liz claman. cheryl: i'm glad you mentioned the fed, charles, because we could get six rate cuts, and pigs could fly. [laughter]
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charles: now the bulls are going to -- telling me it's going to be 200 basis points. cheryl: i'll be standing by for that one. charles, thank you so much. we begin with a fox market alert. it is all about the fed and, or of course, inflation. we've got just over 59 minutes left to trade before the 3-day weekend begins, you're welcome. and once again economic data the throwing cold water on the bulls' enthusiasm. i was just talking about that with charles. the day actually turning red after january pp if i showed the largest month over month increase since we have seen in august. the s&p 500 wavering after a record close yesterday. it's crossed this that unchanged line 115 times today. right now as a you can see the s&p is down by about 13.5 points, but you never know what's going to happen. we've got 59 minutes to go. any gain today would mark another record or finish, so we shall see. and speaking of gains, bond yields jumping to 2024 highs. investors are paring their bets for that -- i just said it, that
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june rate cut. gosh, it was just yesterday e we were talking about a march rate cut. now june is probably off the table. okay. the 2-year treasury yield briefly topping 4.7% and on track for its highest close since december 12th. now take a look at the 10-year treasury yield. it spiked above 4.3% earlier, all of this happening the minute that inflation data crossed this morning. but you've got got a semi-sweet pot on the day, semiconductor-related stocks topping the nasdaq. applied materials, that stock as you can see is up about 7.25%. pinning a record high on a strong forecast for a.i.-enabled chips. that is followed by kla a corporation, as you can see, that stock is up almost 2 percent. nvidia, i mean, you can never get enough invid yarks right? stock is up almost 1% right now,ing $73 3.24. their earnings report comes out tuesday so, you know, prepare for that one. all right, next week we are
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going to hear from, we're going to get home depot, walmart, we're also going to get rivian, warn warner brothers-discovery and a lot of other big names. so as we try to game the next big catalyst for the markets, let's get right to our floor show and bring in howard capital management ceo vance howard and fit gerald group principal keith fitz-gerald. keith, could pigs fly? we've still got six rate cuts out there for the year? >> well, as you know, i've a been harshly critical of the fed and a lone wolf in the wilderness saying no way, no how and, in fact, we might get a hike. data the like this lends cree december to -- credence to the argument. charles a. cheryl: vance is, what'd you make of the ppi data this morning? markets didn't like it. >> we're till bullish. we still think we're going to have a good year. there's other data coming out, so it's kind of a wait if see game now. there's no doubt we're going to have surprises throughout 2024,
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so i don't think that should be a surprise, having a prize. [laughter] cher cheryl well, i mean, as it is, that ppi report or my prediction is this is going to make c pix for the month of february and march a lot stickier because this is the producer prices that filter out into the system. you know, keith, i want to go back to something, i i just brought up nvidia. we are going to get those earnings next week, and that is going to be, i mean, that's going to be the rumble of the week. what are you expecting from nvidia? some people say if that's a baseball game, we're only in the third inning. >> you know, that's a tough call because, you know, people, again, thought i was absolutely out to lunch when i said buy this thing when it was under the 200s. here we are at a 700, i think we're looking at $1,000 and/or a split. what happens in earnings depends on how many games the short-term, go-fast crowd wants to play. to mentioner as an investment i say hold it, buy more, accumulate more because a.i. is not going away. cheryl: vance, you're fully
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invested 100% right now. when you get inflation reports like we've had this week, does that give you a moment the think maybe you could trim a little bit off of the table? >> no, not until the trend changes. the trend's still clearly powerful. there's a lot of buyers coming in. there's an amazing amount of cash on the sidelines that looks like it wants to be deployed. you've had 81 of companies that are beating -- 81% of companies that are beating estimates. so companies are making money. let's not have one or or two data points, go jumping out of a window over one or two data points. housing starts with were down 14%. that's a really large drop in housing starts, so there's other data that's counteracting cpi and ppi. i'm optimistic and bullish for -- cheryl: were you bullish on housing starts this morning, vance? because the numbers that i saw, i will say i think in particular with permits there's got to be -- and starts too, i guess starts, was the berth effect. we had -- weather effect. we had a really rough january,
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so i can see those projects being delayed. taunt though -- at the same time though in this high interest rate environmenting vance, that's got to be on your mind whether it's building or whether it's projects that a may take a little time to get going because of interest rates. >> i think it's going to put pressure if on housing, i do. it's going to put pressure if on mortgage rates too. this is another thing we need to look at as far as looking at is inflation starting to tame or drop down a little bit. we believe that it is. housing starts, you know, it wasn't really looking at a it, it wasn't on my radar, but it topped up, and so, i don't know, there's two different data points that we really need to pay attention to. was this, like you said, a one-off because of weather or a trend? let's see what happens over the next couple of months. cheryl: yeah. keith, starbucks is one of the company as -- company's that's been on our radar, but you got two different opinions on that and shake shack. what do you think? >> i'm watching starbucks because of the challenges being
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mounted by uncle ronnie and mcdonald's. i think we've got something if customers go down market and look to get away from expensive $10 water and maybe real coffee at a bargain basement price which is mcdonald's sweet spot. that, to me, is really exciting. and then i look at also some of the big names, you know, the nvidia rocked the world when it said we're going to invest in all these other a.i. stocks. to mentioner i'm looking at that. i think it's the appealing, shake shack is another one i think there could be a rug pull in order because the stock's getting ahead of itself. cheryl: you said you got the put-skis on that one. >> yep. cheryl: vance, last word to you. obviously, you're looking at different sectors. is there a particular group you like right now? >> you know, i do. i like small caps going into 2024. i do like financials. your last guests weren't too bullish on financials, but if we do get a drop in interest rates, you're going to see those two sectors benefit going into 2024, so let's not be too negative on
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small caps or financial, there may be a time to start buying those. cheryl: it's the texan in you that's making you so positive, vance. that's got to be it. [laughter] cheryl: vance howard, a fellow texan. thank you, gentlemen, appreciate it. >> thank you. cheryl: breaking news right now, we have just found out that a new york judge has found donald trump liable in his civil fraud case brought by the new york attorney general, judge artur edge ron. -- arkansas a thursday edge ron. ruling the president will pay $354.9 million in fines. all right, let's take you right now, we're going to give you a live look outside of one of donald trump's properties, that's trump tower, this is in midtown manhattan. this is where he usually stays, and there's been a crowd outside every time he comes to town waiting to get a peek of the president as he heads out with his emoter decade to go down
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down to court it's been having multiple times. this ruling though, we were expecting it today. we thought it was going to be ready by the end of january. that's what the judge was hoping but, obviously, there's been a lot of twists and turns in this story that has been going on for months. but this caps a trial that started october 2nd. it's going to place restrictions on the former president doing business in the state. restrictions. remember, he could be told that he can nebraska do business in -- never do business in new york again. we're going to dig into the details with lydia hu right now. also we're understanding he can't apply for loan at this point as well. so give us the details. >> or yeah. this is a lengthy opinion coming in at over 90 pages, so we're just starting to go through all the details. but as you mentioned, new york attorney general letitia james filed this civil lawsuit against former president trump, his two oldest sons, don jr. and eric trump, as well as some of his business associates and assorted businesses here in the state of
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new york. and what a we're finding now is that the judge is finding trump and his associates liable for fraud, ordering trump to pay $3w 54.9 -- 354.9 million. that's almost the entirety of what letitia james sought. she was seeking $370 million, so quite a sizable judgment there. and with respect to his ability to practice business, lee tissue that james was seeking to ban or bar the former president from practicing business in the state of new york for life. and what we're learning is that the judge is ordering donald trump and others, preventing them from serving as an officer or director of any new york corporation or other legal inti any if in new york for three years. that's far short of a lifetime ban. also ordering a ban on his sons, donald trump jr. and eric trump, preventing them from serving as an officer or director of any new york corporation or legal entity for two years and also a
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ordering that there be a court-appointed monitor that supervises trump's businesses here. moving forward i assume there will be a time limit are on that, but unclear at a the moment, so i'll have to get back to you on the supervision of his organizations. but to get back to really the crux of this case, this was a trial that started in october, lasted through january 11th. we anticipated a decision sooner, but letitia james accused trump and his e associates of inflating the value of assets. his real estate portfolio to obtain favorable terms on loans that would benefit him. in this case, we did not have a victim, this was no bank with, for example, coming forward saying, hey, we lost out on money, but that was not an element of the case that the letitia james had to prove if here. and so what we're learning now are the big developments on how much he will have to pay which, again, is coming in at $354.9 million with what looks like is a ban from doing business in the state of new york for three years for the former president,
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cheryl. cheryl: lydia, so leapt me ask you this, i mean, do you think that this is -- i mean, obviously, this was not a jury trial. it was a civil case. it was the judge's decision alone. but do you think this is being viewed as a victory for letitia james? i mean, she ran for attorney general on the fact that a she was going to go after donald trump, and that's exactly what she has done. but do you think that in the end this is a victory for her because, i mean, what they wanted, what the prosecution wanted, what the state wanted was for him to be banned for life. they wanted don jr. is, they wanted eric banned for life. this isn't that. this is, you know, these 2 and 3-year time frames that you're reporting on right now. so where do you think this -- how do you think this is landing with letitia james and, also, do we mow if we're going to see her maybe at the microphone today? >> reporter: we will certainly keep an eye out and bring you any comments as well as from the former president whos has not been shy from commenting on this case. and let's remember that the
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judge entered a gag order on the former president preventing him from making comments about court officials in connection to this trial. a big point about this trial is that the former president and his lawyers, alina habba in particular, really made the point that this is politically motivated. you have leticia james campaigning with the pledge, the promise that she would go after donald trump. so just bringing this case was an attempt by her to deliver on this promise. you are correct, she is not getting everything that she sought. she's getting some of what she sought. so maybe it's not a complete victory in her eyes, but it is not everything that she, you know, that she set out to accomplish here. cheryl: i'm also saying that the court -- it's not just donald trump, it's alan weisselberg, his testimony because key in this, and jeffrey makani from serving as directors or officers of any new york corporation for three years. look, if they start to add
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interest to this, this could climb. correct me if i'm wrong, this could climb to, what, $400 million because of the? and by the way, let's just wait for the appeal, because you know that's coming. anyway, what about that $400 million figure, do you think we're going to hit that in. >> yeah. and let's not forget we have to couple that together with the other damages that were just assessed against the former president in the defamation case filed by e. jean carroll, $83 million. so no doubt the legal fees to pay his lawyers, to pay if expert witnesses and now the judgments are certainly climbing, cheryl. cheryl: all right. lydia hu, thank you for this breaking news. again, the former president, donald trump, has now -- the judge has ruled again that he is liable. a civil case, there are many other cases, lydia, as you know, that the former president is facing, but this is attorney general letitia james. donald trump and his sons and his former cfo, alan weisselberg, all being banned
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from doing business for serving as directors, as officers of any corporations here in new york for three year are withs. remember, letitia james wanted a permanent ban, forever. she didn't quite get it. of course, we're going to look and see if we get any statements from the attorney general. all right, back to what we were talking about earlier because we've been talking about the economy and inflation. we got all that data out this morning that a we've been covering. there's a new survey that says americans are slapping down those plastic cards, they're wracking up credit card debt. we're going to talk about how worried americans are about their financial health. credit card companies am-ex, mastercard, visa on the radar. "claman if countdown "will be right back. ♪ ey're waiting for you. hey, do you have a second? ♪ ♪'re all
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cheryl: pri her ca is hovering around all-time highs right now, about 2% for the week, after the company reported a beat on revenue and a slight miss on earnings. fourth quarter revenue $726.3 million beating estimates and earnings per share came at 425, a slight miss from 427 estimates. the company offers financial services and products and recently conducted a survey about personal finances. looks like many meddle income americans may -- middle income americans may want to ask for a little help. joining us now, prim if ecica's ceo, glenn williams. thank you for being here. >> it's great to be with you today, cheryl. cheryl: i think this survey is fascinating because you were talking about the fact that there is pessimism out there, about half of the folks surveyed said, yeah, things are good, i feel good. the other half doesn't feel so good. are americans getting more pessimistic right now about their personal finances? >> i think it certainly looks
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like they are, you know? historically we found that middle income families are very optimist inabout their financial circumstances -- optimistic, but we saw a shift in our survey resulting back in the middle of '22 that was clearly in a pessimistic direction and that continues today or may be getting worse as we survey from quarter to quarter. cheryl: i want to jump back to the earnings. i want to pick up on it now. only a 2-cent miss, but overall what was the highlight of the quarter, in your opinion? >> well, all of our success at primerica is our sales force, they're working hard to serve families. cheryl: i was looking at this recent report from transunion, and they said the average credit card balance is $6,360 which may not seem like a lot, but that that's the average sitting out there. you're talking about interest rates on these cards, you know, over 20%, easily 22, 23%, that's
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a pretty big burden on the american consumer. do you think that that's going to play out this year? do you think that the data's going to start to show is us that consumers are pulling back? >> i think they're going to have to. unfortunately, middle income families who have been underwater, our household budget index demonstrates 31 consecutive months of being below the 100 mark. we found families were using credit to bridge the gap. they didn't have is enough money to cover their basic expenses, so they were building up balances on credit cards, and today we see balances and delinquencies at record levels. i think it's going to take a long time for families to recover. cheryl: another side of your business is the mortgage solutions business which i'm curious in the quarter how that fared considering where we're at with interest rates. at one point we were above 8%, now we're still in the 7% range, i think it's last read was 7.24%, but till that is a far
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cry from what americans were paying and what they were getting a year and two years ago. how's that business and what's your forecast? >> yeah, there's no question those interest rates have clearly slammed the brakes on the mortgage business industry thewide. one thing we try to do is take a different approach when we're talking about the mortgages and debt, and we talk with families about how to get out of debt, how to reduce their weighted average interest rate on all of their debt, try to find a lower interest rate and accelerate payments so they can get out of debt faster. the plague of debt is one of the greatest challengers of middle income families. cheryl: if there's a bright spot for 2024 the, what would it be? >> well, i do think that we are seeing some progress. i wouldn't say things are getting better. i would say things are getting worse more slowly, and and we have seen our household budget index crest above 100 for the first time in zell years. and so i -- in several years. i think there is some modest improvement, but i think t going to take families a long time to fill in that a deficit from the past and get back on track. they've lost a lot of valuable
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time particularly in their retirement savings if they've had to use savings to bridge that gap rather than credit. they're way behind, and they're going to have to work extra hard, reprioritize and and make sure they're using every dollar they can find within their budget to put against paying down debt and saving for the future. cheryl: gwen williams, thank you so much for -- glenn williams, thank you so much for being here. we appreciate it. >> it's great being with you. cheryl: all right. well, let's switch gears. play time used to mean big bucks for the toya makers, but now screen time is kind of deep -- cutting deep into their profits. we don't play with toys anymore. but you know what? lauren simonetti, or she's finding out the truth. she's at a new jersey toy shop, and she's going to have a toy story coming up in just a moment. and here's a look at a how the toy companies are trading. funko, hasbro, mattel, everything's in the red by mattel. oh, is that the barbie effect? i don't know. we'll explore. we'll be right back.
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♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. cheryl: fox business alert, coinbase shares are near a 2-year high. this stock has been on fire this week. it's finally getting its crypto springtime. company reported a surprise profit in the fourth quarter thanks to transaction revenue fees. at least eight brokerages raised their price target on this stock. coin, as you can see, up 10%
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today. had a big run yesterday as well. a price surge for bitcoin and other crypto assets at the end of the last year helped lift coinbase and other crypto-related stocks, and there's bitcoin right now sitting at nearly $52,000. nike is sitting at the bottom of the dow after the maker of air jordan basketball shoes admitted plans to cut more than 16,000 jobs or some 2% of its work force. analysts at oppenheimer downgraded nike to perform from outperform and cut the price target to 110 from 150. nike is down 2%, 103 and change. and investors dashing away from doordash after the food delivery company's first quarter profitability metric came in below expectations. doordash sees first quarter adjusted ebitda between $320-380 million versus estimates of 355 million. the company also a reported a larger than expected fourth quarter lost. concern loss. dash, as you can see, is down 9.5 percent. and roku getting turned off by
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investors. the stock is plunging even after they beat expectations. they issued strong guidance for the first quarter. oppenheimer, though, downgraded the company to perform from outperform and removed its $100 price target. they say the stock is basically range-bound until they build up platform revenue growth. so there is roku. again, 23% down today. that's almost $22. all right, streaming the hit film barbie on your roku devices doesn't necessarily lead to higher sales for the barbie dolls themselves. according to the toy association, doll sales came in at a $2.9 billion, down 16% from the year before, and some toy execs say kids are trading in toys for tablets. lauren simonetti is at tons of toys in westwood, new jersey. if lauren. >> reporter: cheryl, literally tons of toys. floor to ceiling, full of toys. i mean, there is a barbie
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section, and i had the same reaction as you. how are doll sales down double digits when you have the hit movie barbie on your hands? well, the girls want the barbies, cheryl, but they also want the cars like the pink cars. there's one similar to this, it's pretty expensive, it's told sold out here. it's called the rc car. they can't keep it in stock. so some of the kids' playing habits have somewhat changed. if you look industrywide, we can pull up the full screen, last year toy sales were down by 8%. to put that in perspective, we are coming after a rise of 36% through covid when people stocked up looking for things to do. there is a slowdown. now it is the month of february. you could say the slowdown has continued and this is a little bit of a hangover for the retailers and the toy industry, but there is a worry, cheryl, that it's a little bit more, and here's why. i can't believe i'm boeing to say this on national television. toys got boring. there is no hot toy to buy this
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year with. squish mellows, till popular. here you go. these things, they've been out for years. we're over them even though we're still buying them. then you have the nerf if gun, hasbro said their sales for 2024 were going to be down between 7-2%. 7-12%. and mattel, yeah, the barbie people, they're forecasting that sales are going to be flat. so what's popular? these little guys, magic mix city. but that's all a i got for you, cheryl. cheryl: yeah. i mean, i can't believe there's not a ken doll run out there. i mean, ryan gosling? ken? come on. lauren? [laughter] i'm serious. >> reporter: you're speaking from your age group. i don't think the little girls are into that just yet. cheryl: i don't get it. >> reporter: i'll go look for you. cheryl: as the mother of three, i trust your analysis of this story. lauren simonetti, thank you very much. [laughter] >> reporter: have a good weekend. cheryl: you too. all right.
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well, we are watching high interest rates and high prices still freezing the housing market, but could pent-up demand create a thaw ahead of the spring home shopping season? we are going to ask the ceo of real estate firm compass. it's a fox business exclusive. let's check, by the way, your dow 30 heat map, taking a look right now as you can see on your screen, there's a lot of red, a little green. merck is your leader, nike is your loser. we're going to be right back. "claman countdown," stay here. ♪ shopify's point of sale system helps you sell at every stage of your business. with fast and secure payment. card readers you can rely on. and one place to manage it all. whatever the stage,
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cheryl: and we are getting more clarity on the fines that former president donald trump and his family are facing in his new york civil fraud case where a judge ruled just within the last hour, the last few minutes here, the president is liable as well as we're getting word on when the attorney general is going to speak on the matter. lydia hu's been following the story in the last few moments and just got new details.
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lydia. >> reporter: yeah, we're expecting to hear from new york attorney general letitia james around 6 p.m. of course, we have to remember this is an investigation and a lawsuit that's now culminated in this judgment against the former president and his family members and business associates. so we'll bring you what she has to say when we get that press conference. we're also getting some clarity around the judgment specifically entered by the judge against the former president his family members and business associates as well, $359.4 million for the former president himself. in total we're talking about $364 million spread across all of the defendants. remember, letitia james was seeking $370 million, so coming pretty close to everything. also remember that the judge is now banning the former president, donald trump, from serving as a director or officer of any missouri corporation for three years -- new york corporation for three years and is barring him from taking out any type of loan from a new york
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bank for three years. his sons, don jr. and eric, will be barred for two years. we're also getting a statement in from the former president's legal team here. they are saying this, quote: the court today ignored the law, ignored the facts and simply signed off on the attorney general's manifest ifly unjust -- manifestly unjust political crusade against the front-running candidate for the president of the united states. that coming from attorney christopher -- [inaudible] we're expecting more comment coming from the attorney general. we'll bring those as we get them. cheryl: you know, i thought what was interesting is that, you know, first, one of the surprises here was the fact that don jr. and eric were penalized and given those same bans as far as serving on boards and not working at a organization. -- at the organization. but ivanka, she did testify, but i thought it was interesting the judge said her testimony was thoughtful, but she had inconsistent recall and that e-mails prove that she did know more than she let on during thas
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from that judge in that massive ruling are pretty entertainmenting. -- entertaining. lydia hu, thank you. we appreciate it. please come back if you get more details on this. well, let's stay with, well, sort of an issue of real estate a little bit. [laughter] the u.s. housing market is kicking off 2024 with a bit of a slow start. new home permits in january sinking by the most since the early days since the pandemic. it was a surprise this morning, the state of building permits, a proxy for future construction fell more than expected. the sluggishness is likely in part due to buyers waiting for a further decline in mortgage rates. the 30-year fixed is at 7.24%. that's an 8 basis point jump from a week ago. let's bring in on what all of this means in a fox business exclusive the ceo of come pause -- compass, robert revkin. it seems like we're in this
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conundrum of being stuck the on a national basis. of you have so many in the country that are sitting at 4% and below for their mortgages. they don't want to let that go. you've got buyers that are waiting but prices are still the elevated. what are you seeing? >> well, the good news is that 2023 is over. [laughter] cheryl: okay. >> 2023 had the lowest level of transactions in this country since 1995, almost 30 years ago, and the population is 27% bigger today than it was back then. so this year we're seeing more inventory. there's 14% more inventory today than there was at the same time last year, and more inventory equals more sales. so you have more buyers, more sellers, and although mortgage rates are still above 7%, it's a lot better than 8% just the -- a few months ago. we see the consumer reacts more to the change in the rate than the rate itself. cheryl: the other side of that coin is the price. if you can find that sweet spot, i sound liming like one of your
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brokers, between the mortgage rate, what they're going to pay but also the sales price, do you think there's going to be a little movement there? aren't sellers at this point starting to realize navy got to get a little bit more realistic and bring the price down to accommodate the fact that you sitting at a 7.25% rate? >> one of the benefits of last fall is sell isers have become more realistic. last fall there was a modest buyers' strike where it forced sellers to bring down prices, have more price drops than anytime in the prior five years. and so entering if this year we not only had more inventory, but we have more realistic sellers with pricing. cheryl: interesting you say that. let's talk about markets. obviously, with 30,000 brokers, you're from new york to hawaii and everywhere in between. what are you seeing out there in the nation, best and worst markets? >> we have a very unique perspective. we have 30,000 agents, and what
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we can see in terms of the best markets, i'd say still the warm weather, lower tax states, texas, florida is really at the top. and the carolinas. you also have we call spillover migration markets. and these are markets where people are moving to from higher cost cities. so san francisco moving to sacramento. washington, d.c. moving to raleigh. or austin moving to san antonio. finish. cheryl: okay. so that's kind of that, that's the a and the b. that's the push and the pull. where do you think the best deals are going to be? if there's one part of the country? because it's not florida. >> i think the best deals i would say are probably going to be the zoom market, so some of the cities where people move to and zoom in the pandemic period or where people are being asked to come back to the office. so i think you're going to see people move away from places like boise, idaho, park city, utah, would be examples.
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cheryl: yeah, the office isn't in park city, but there's great skiing. robert reffkin from compass. and fox business is going to be zeroing in on the housing market in our week long series hitting home: rebuilding the dream. we're going to be examining all the issues home buyers are facing and give you some top tips from america's foremost real estate experts to help you find and buy a new home. that is all next week on fox business. and coming up next, we are headed for sunny south beach and the world's largest boat and yacht showcase. we're going to show you the hottest crafts on the water at this year's miami boat show. and tesla's stock is losing charge this year after a management if top-down growth rates for 2024. but our countdown closer likes the stock. he's got a way to play it. and at a one and a half times a return, okay. taking a look at tesla right now, the stock is slightly lower. "the claman countdown "coming right back.
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weekend. up close and personal and 1,000 different boats and super i can't tells and influx of tourists from over 35 different countries and generate 1.34 billion for the local economy and showing that show and attraction for the mark. >> well, tell you, cheryl, going good economy numbers before the industry right now going for $30 billion and that's a big number and with the show stitt having two days left for people to come down and take a look at votes and i keep hearing bells ring and boats are being sold and it's up 4.74% and talk about
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them and going for anniversary and talk about the 8028 and what's unique about this vote and being able to variety for this vote and making it behind this vote and they're using the technology and master craft and experience and speaking of anniversaries going for the line in 1868 and going with the style vote and going for 32 and they'll commemorate their new anniversary and it's drift craft.
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unparalleled for the vote and going for him with one of the favorite boats here and contemporary and beautiful line and it's the pinnacle of midnight blue and color up on the front satar of the boat and going for beautiful entertaining area and lifestyle that pops out on the sides and opening up on the fore some entertaining and master chef and anything you can possibly want and asked to find the biggest boat and 80 feet in length and called victorious and 21 crew members to pilot and manage and two boats for the price of one and a helideck up on top and right there, cheryl, it's a helicopter with it.
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two votes with this thing and amazing and this boat is 128 million to make. so many great things happening down here. going into the boat show. it's amazing it's such a line and going for the outside and going for the line for lines. cheryl: where we are right now today and sporty red and s&p 500 and it's dow 49 and nasdaq down 130 and it's six and seeing on
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the screen and street week of gains and nasdaq about to snap a win streak and let's look at tesla sitting up 6% and down 18% and count down closer and bring in the trading chief strategist bubba horowitz. what's going on. >> hey, cheryl. >> i don't know if i want to call you todd or bubba and going for them with elon musk for a company and going for the tesla. going for a terrific operator and going for the rest of the ev market and coming with the stall for the play on tesla and going like the great play.
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going for the great line and the guy that's shown in the past and moving in the right direction. >> ford ceo. cheryl: going about tesla and going for them and missteps with the electric vehicles and the man is not there and is it just a tesla story. the ev in general. >> look at all the business and it's not a good market and plus he had to look at the climate change and accord and everyone is dropping it and going to have it and going with the market and the one to play and it's the basic of $10 stock.
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cheryl: sofi technology and vail and all that stuff. >> i like that benefit and going from the rising interest mark and going for the figure and it's rate cuts and going for a lot of pieces and going with the line and going for a very nice solid dividend and i think it allows the market for the economy and looks very good and then going back for a weak market. cheryl: the reaction was bad with your thoughts. >> the interest rates and can't cut rates and going for the number of and no way of cutting rates and hiking on the line and
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going for the believe. going for them canceling on the line and going for us. rate cuts. going for it being better. cheryl: we talked about that this morning, actually, believe it or not and six weeks later into the year and we're talking about potential hike and the data doesn't play out. todd, good to see you. have a great weekend. appreciate your time today. dow and s&p turning red and the nasdaq biggest loser down 1% this week. markets closed on monday for president's day and we're on the air expulse you then. now for kudlow
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