wonderful life and of course the load to charlie munger is something you don't see all the time something that i'm going to take a backseat it was not me, this guy came to me when i bought burke shire and told me all the mistakes i was making in warren buffett did something that i think we can all learn from, he listened. he actually listen to criticism and while he and charlie made history no doubt about it, warren buffett lived a life and i truly appreciate him sharing the snippet so much. someone that knows warren buffett very well will take you to the next hour of trading. i know you read the letter you must've got chills as well. >> every year it's really intense and it's also a lesson in investing. when he talked about how charlie munger went to public school omaha public schools, every buffett going all the way back

had gone to omaha public schools and warren used to joke about good public schools he said maintaining good quality public schools is like virginity easy to lose but hard to get back. >> i'm not going to test that one but he's right. liz: thank you. fox market of art, too big breaking stories and just a vastly minutes. all tc usa's chairs are halted for volatility on reports that charter communication is weighing the takeover of the cable provider you can see the big spike in all teas halted at 45% gain of 45% gain for the cable outfit, charter is the bigger of the $243 billion market cap, all teas is a 700 plus million market cap it will be interesting to see what happens, charter is down by 1% as soon as the search traded again we will let you know.

second big story the federal trade commission suing to blockage what if i billion-dollar kroger albertson supermarket deal both the white house and kroger are weighing in the ftc says the deal would boost grocery prices for millions of americans if it were allowed to go through, the combined company would have more than 4000 stores and we should mention because tomorrow when we have henry, the director of the federal trade commission bureau of competition were going to ask him about this and as for kroger weighing in at the last hour and a half they are serious, the chain says if you don't allow the merger to go through it only strengthens walmart, costco and amazon albertsons up half 8% we have kroger down a fraction. walmart if the market is speaking the market agrees with kroger walmart is moving higher by 2% at the moment. by the way it just announced a three, four, one split.

let's get to amazon on the first day of trade is the newest member of the dow 30 the e-commerce and tech giant hit a two-year high and headed south the north and south and north and right now it is flat at the moment a lot of volatility for amazon which stands at $174.96 let's get to the broader market, any gain and the dow and s&p 500 will be another record right now we do not have it both are to the downside the dow is losing 16 points, the s&p down 12. we do have a stunning nvidia status, the chipmaker adding another fraction of a percentage the gain is again, the stock price stands at $789.81. nvidia has seen one point portraying dollars added to the market cap over the last year. nvidia might be up today but you cannot say the same for mag seven alphabet, this is an unusual downside for google.

alphabet is down 4%. an underperforming big tech. it's gemini a.i. tool which google was forced to pause last week after it produced an accurate historical depictions including george washington. in some cases the race and were altered, today google head of the deep mind division said it'll be a few weeks before the tool is able to be relaunched. it may not be a jampacked week for economic data but what we will get includes two major heavyweight reads that could move the markets. wednesday we get the revision the q4 gdp, thursday is the biggie, headline and core pce personal consumption expenditure the fed's favorite inflation gauge, why does that matter, it always does by considering we have just come off hotter than expected reads on the previous inflation numbers that we get,

cpi and ppi consumer price producer price index how far out of reach is a much awaited interest-rate cut if core pce on thursday comes in warmer than expected. coming up former st. louis president james mueller is ready to make a call on the timeline and he's been in the room where it happened many, many times so we will get is on what he's expecting what the fed will think no matter what the number is. on this monday we are coming up off the six weekly when for the major embassies what should we be doing with the paper projects if you got some to the floor show, kenny polcari who rightly pointed out this morning in your note that it took the s&p i mere 17 days to go from 5000 to 5100 were pulling back, 5077 but what should the lightning fast move tell investors. >> i think it tells it that caught up in the momentum trade

it went too far too fast. i think it feels although i've been saying that with 5050 that it feels choppy. it doesn't mean that you should panic and get out it just means you should be prepared for a reallocation of assets. i think money will come out of the high flyers not in a bad way but asset managers that are managing risks and individual investors that are managing the risk and redeploying money into some of the other sectors that we seen suddenly start to lift her head, healthcare, consumer staples, utilities, data starting to lift his head. liz: utilities starting but it's been a rough road same with energy as we look at the s&p 5077 is quite stunning to a lot of people how it is reason over the past year end i get that and we will get to bill's meet he's the man to interpret all things

buffett but warren buffett is a little freaked out in his note about what's going on with the markets and how frothy they are, are you? >> i'm really not. i've been playing it cautiously, i love the fact that the market is up and participating with it. i want and expect the market to consolidate and pull back. the longer it goes without consolidating with the consolidation comes it could be fast and swift and ugly and you know as well as i do if we go up in a straight line when we come down retaking the elevator down not the stairs young therefore i would prefer to see consolidate and pull back now before really gets out of control. am i worried about the market, am i selling everything and going to cash, absolutely not. liz: the a.i. names have been absolutely unbelievable and not just nvidia. if you look at google, micr microsoft, do you add at this point or do you take profits if

you very own them and you see good paper increases. >> this is our iplayer, i own them i own nvidia, microsoft, apple, my amazon. i will die with those. >> you don't want to take some off the table. >> as much as i might be tempted, i just don't want to do and i want to hold the names. am i chasing it with new money, absolutely not i'm getting reinvested dividends into those names but i'm taking new money in allocating into other sectors that we spoke about. if i'm a little bit nervous i'll leave in my money market fund making 5% so i'm not losing. liz: i'm glad we brought that up the shorter-term treasuries, they are looking pretty good, five-point to, five-point to eight i was watching them today and i thought to myself i have to ask any you have money parked in some of those? >> not a whole lot i have more

money last week in the market and the sectors that we just talked about not tech but healthcare and consumer staples but that's where i expected i fully want to see the market back off if we see a five or 6% correction that will shake the brains and get some people to follow. but it will provide an opportunity for the longer-term. liz: six month io 5.356%. great to see you, thank you very much. liz: kenny polcari, wall street is not used to working on saturdays but when warren buffett speaks, no matter what they they will listen. per tradition the berkshire hathaway ceo release fourth-quarter earnings on saturday and the numbers were so impressive that initially the stock blasted to a record right at the open on the heels of the consumer energy and insurance conglomerate ever profit

$97.1 billion. buffett says burke shire is built to last, shares reversed on news with the utility unit expects the department of justice to sue for nonpayment of cost related to a 2020 wildfire. arguably that is a blip considering burke shire has gained 103% over the past five years, did the oracle of omaha in his annual shareholder letter issue as thinly veiled warning that investors are getting too giddy and it could get dangerous. we have bill smead in the chair he's owed burke shire stock for 20 years and one of the best translators out there, what did he mean in his annual shareholder letter we can put this on the screen but he jumped out at me for whatever reasons markets now exhibit far more casino like behavior than they did when i was young, the casino resigns in many homes and daily temps occupants. is that code for watch out

things are getting too exub exuberant. >> that was in 2021 when charlie brought that up and they talked about how easy it was to get a large position started in oxley because the stocks are trading like a casino. charlie said in late 21 this is the biggest financial euphoria episode of his career because of the totality and uc a new leg and the totality now. the other thing that buffett said the kind of company that is interested in are almost impossible to invest in because everyone else picked over what someone would want. the most attractive growth companies are the most elevated relative to the average stock that they have been. i think even more so than the.com bubble that would be your costco and your coca-cola

and people like that. the bread-and-butter people that are very, very much expensive compared to historical norms. liz: he said in the letter there are two stocks he will never sell. of course burke shire outright own 70 or 80 businesses even with sub businesses in those but they have a massive stock portfolio. in two of the names he said he will never sell and that was amex, american express and coca-cola, that is interesting i would've thought apple might be in their he loves the stock and burke shire is the second largest single shareholder outside of the company to own it. when you think about that he shed apple shares during the quarter. >> they trimmed it, i think that is wise. back in the 98 letter he called coke angela the inevitable's. if you sold them and stayed on for ten years you were really

happy. john neff the great portfolio manager of vanguard windsor said if you want to brag about a company you should probably sell it. we own american express lane is a great company because the millennial love to travel in gen z love to travel so they have american express cards way younger than we did and nothing is better than loaning money to the people that are most likely to pay it back that's what american express does. liz: when you look at berkshire hathaway a and b shares, the a shares around $617,000 per sh share, for you those of you who are newbies that is not a typo it's a stock has never split. 616,940 is moving down 1.8%, share buybacks buffett and burke shire stock is a cheap bill he bought 600 million back in the first quarter through february 12 that is this quarter

that is a barrens estimate. in the past he has told me he loves with the stock is down so he can buy it. one thing he will never do is put out a dividend in the cash pile is so big do you think you'll ever be forced with 167 plus billion dollars in cash sitting on the balance sheet that he will ever or the people who follow him maybe one day pay a dividend? >> i would not wait for that if i were you. he is basically saying that the size he is not now only allows him to do the things that he wants to do when there is a substantial bear market decline, that is when he goes to work and gets interested. you will notice in 2020 when the market got kicked really hard and in 2022 he did not change his deployment. you have to do is he does not as

he says. i don't think he's interested in rocking the boat i think he has a lot of billionaire buddies that are in a position of owning these very aggressive stocks. i would disagree with kinney, we thank the magnificent seven stocks, people look back to.com and say they're not as wild as those, that's like saying your buddy that drink 14 beers is not as bad off as a guide to drink the whole case, it's not a good idea either way. liz: neither is a good idea either way but it seemed like a good idea at the time. thank you very much, bill smead great to have you. he's been selling burke shire for 20 years. the maytag have less to do if americans continue to pull back on spending amid a robust economy. that has the ceo of whirlpool on alert, joining us live standing

by with the new york stock exchange with this u.s. consumer in this plan to keep the spin cycle movie did whirlpool's favor. the consumer discretionary etf xl why is a basket of these names, whirlpool is holding, fresh two-year high close to it, "the claman countdown" is coming right back. don't go away. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo...

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month over month to 661,000 but came in below the street 680,000 expectation it's still an improvement from december when sales were revised lower to 651,000 from the previously reported 664,000. appliance makers perhaps more than any other group scrutinized home sales because with new-home sales come new dishwashers and washing machines, global household products whirlpool is holding the investor day tomorrow at the new york stock exchange. maytag and kitchenaid as launching growth and expansion for north america introducing new products and revealing its products for 2026. joining the live from the new york stock exchange on wall street the ceo and chairman who is about to ring the closing bell in 39 minutes. before you do, i'm so glad you're in front of our audience. i know you don't want to step on the lines ahead of investor day

but what can you reveal to our audience about tomorrow and the tone you might strike. >> first of all thank you for having me on the show and if i'm preempting too much about what we'll talk about but our company is a critical going juncture in mind stone ran a multiyear transformation process and we are about to close the european transaction and with that behind is what you're looking at going forward is a very different whirlpool in the past. it's very different from a margin free cash flow in tomorrow we will show how that materializes not only a 24 but the world 26. liz: does of it different whirlpool have to means lower-than-expected sales the reason that the stock is struggling today and has been struggling since you reported numbers you came in was softer than expected revenue and when i say soft i say 24 guidance, 13% contraction year-over-year over

what people were expecting what is going on. >> obviously we knew a market environment with our guidance, frankly we were talking about it based on what you explained earlier with mortgage rates and housing markets and trade inventory and we knew it's good to be soft from an industry demand and we factored that in having said that that does not change your fundamental view and at one point the housing market would come around and we know the house information is strong and household balance sheets are strong so the housing market will come around and that's were counting on again we knew exactly coming into this year there would be an overhang into q1 and q2 and that's what were working through, even today a couple weeks after we gave guidance that would not change its what we expected it to be. liz: your to give guidance for 2026, i need your vision you have x-ray vision how can you see that far out.

>> first of all in all fairness were talking about 2026 targets but if i wouldn't know exactly how 26 will be guided towards that's a different discussion, having said that were confident the targets out there yes were different but they're achievable and were not fully back to pre-covid levels we know the truth and how to drive them so we have a high degree of confidence that's were to get this company. liz: consumer companies ignite and reignite interest from stock purchasers by putting out new products. i know you will announce things tomorrow there are so many competitors that are step for step tried to do the same thing, south korea lg, mila a bunch of european names, foreign names, tell me exactly what type of excitement you expect to engender and what products. >> first of all i guess we only have a couple of minutes left so

we have plenty of things to talk about our new product. let me start out were proud to be a large appliance company based on the a quarter and produced in the u.s. we've been there for 112 or 113 years that's a consistent commitment to innovation. we did not cut the innovation investments during covid or after covid we held it steady and as a result we will show an extreme of new products in you may know we just brought up the maytag pet washer which is a huge success. we bring in fully automatic espresso maker under the kitchenaid into new washer in the fall and most importantly that is a fundamental new technology that we introduced the slim tech technology in my view is probably the biggest innovation over the last 30 years, there is a really big strong innovation pipeline and that ultimately gives us confidence for the future.

liz: the espresso maker is my party train. thank you very much, good luck tomorrow we want to see all the american company do well and we will be watching for any news. thank you so much. >> thank you for having me. >> the strength of the u.s. economy and if you look at the jobs numbers and a lot of the data is pretty strong it's good news for president biden's poll numbers but the bad news is showing up in the same polls as troubles relocate from the border to cities across america. madison alworth is that the big apple sanctuary city with more on violent migrants with gangs and cartels driving fear into residents of new york city let check the leaders on the nasdaq, were coming back in a few seconds, palo alto, lucent, tesla and crown strike

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has political watchers chattering, thursday is the same day former president donald trump already planned to head to eagle past texas to speak about the border situation. today president biden is in new york city he landed at jfk airport an hour ago and he has the campaign beatty before taping a late night with seth meyers episode as economy remains resilient immigration is quickly moving to the top as one of the most pressing issues for american voters, according to the latest harvard poll the president's approval rating on immigration has fallen 11% over the last three months and stands at 35%. he's doing better on the economy of 43% in fighting terrorism a 44% and stimulating jobs to get the 49% but immigration is starting to mean a lot to both sides of the aisle. madison alworth is live with more of the president's visit and the problems of sanctuary

cities as they deal with legions of migrants showing up on the doorsteps and violence spreading as well. >> afternoon, the president arriving here to new york the only thing on his schedule is the campaign meeting that is close to the press, no indication he will address the migrant crisis that is overrun new york city the president getting pressure from both sides of the aisle to make a change, executive action that has been floated but some are skeptical that politics could get in the way of any real change there. as mentioned biden will be going to brownsville texas on thursday but is also of note the sector has been slow with crossings and at times dead to put into perspective, daily encounters average between 200 - 400 per day compared to san diego and tucson where were hitting 1000 s each and every day, the border patrol responding to the announced visit by saying

unfortunately a visit by president biden three years into his term and after repeatedly stating there is no crisis is too little too late, border security should not of been about politics issue that was be about the safety and security of the great nation in the american people, talking about the safety component, biden's visit also comes as we learn that the migrant accused of killing a georgia nursing student was also arrested in new york city last year for endangering the welfare of a child then released before he made his way south, georgia governor brian kemp had this to say. >> i haven't committed a crime when you come into the country illegally, that is a red flag and while nobody was notified or something was not done about that and this individual was allowed to get to the state of georgia and commit this murder. it's outrageous.

>> right now in new york city there are 67000 migrants that are in city shelters, by the summer there could be 90000 every single migrant that wants to get city housing, food, education, healthcare has to pass through the roosevelt hotel behind me this is the migrant intake center, thousands of migrants nearing 200,000 that of come through new york since last spring they are coming through here, this location a couple blocks were president biden will be today but again no plans for him to take a look at the center or to address the crisis here in new york. i'll send it back to you. liz: governor greg abbott put a lot of them on buses and said why should only be on our shoulders and you see because were in new york and how all of the services are being stretched, you understand what he saying. it is a very, very plain and clear to see you cannot shoulder this all on texas and something is got to be done.

we will see but thursday will be an interesting one with both trump and biden at different points of the border, thank you very much. madison alworth we have a fox business alert, the best performer on the s&p, making a lot of joe shares of domino's pizza powering higher by 6% right near the top of the s&p after the pizza chain operator said same-store sales grew by 2.8% that beats estimates, domino's announced a 24.8% hike in the dividend and launched $1 billion share buyback program, the stock at $459 and change hitting a 52 week high today. the thin crust, that is the best. at&t let's get to that it plans to make amends following the cellular outage last thursday that knocked out service for thousands of customers. he said it will reimburse consumer and small business wireless customers with a 5-dollar credit that works out

to the average cost of a full day of service. ceo reiterated the cost is fully manageable and will not impede on the company's 2024 business objectives, the stock is down 1%. overhead smash for shares of wilson tennis racket maker, the stock which ipo to earlier this month at $13 is hitting a record high of $16.10 after six brokerages started coverage with the bullish tilt goldman sachs, j.p. morgan, bank of america are among the firms that initiated coverage j.p. morgan giving an overweight rating, citigroup waiting and outright by stock is at 3.6%, we should check on intuitive machines it was going crazy on friday to the upside now is plunging 33% after the space company executive reported that the cargo lander odysseus may have tipped over since it landed on the surface thursday

odysseus is the first privately developed spacecraft to land on the moon. despite the fact that is resting on its side the leander has sent back the first images from the moon that show areas near the lunar south pole. we just got the breaking nose from intuitive, communication with the moon lander odysseus is expected to cease tomorrow morning effectively ended the mission five days after a touchdown. i got pictures. god bless the people who are forging ahead and trying to develop these things. back here on earth it's not to overuse segway, the u.s. seems to be headed towards the soft landing at least at the moment but is there a danger of a tipping over into a recession and will the captain of the monetary policy jerome powell be forced to change force after a projector he made in december.

up next we asked the question of former st. louis fed james mueller is a fox business exclusive he will give us his take on the economy in the pc and what he expects for that to come then and when we might see a rate cut. my podcast guest also has his take a minute to tickle your funny bone, carrot top is my guest on this week's everyone talks to liz. you know carrot top, how could you not he's known for his red hair and stand up comedy describing them in a one-liner and tossing them away carrot top has been making the las vegas crowd laughed nonstop for 18 years and he has a residency market 18 years no plans of stopping anytime soon you know it's incredible his own dad told him once, you want to be a standup comic, you're not funny. he must be the famous carrot top

from one redhead to another i hope you listen. it's a great podcast find on apple, google, spotify, wherever you get your podcast. we have 19 minutes to go before the closing bell, salesforce at the very top 2.8%, verizon down 2%. we're coming right back. ♪ investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. hi, my name is joann, and i lost 75 pounds on golo. the other times i've lost weight,

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(♪) (♪) (♪) (♪) >> we told you we would let you know after all t started trading again look at the gain, 50% right now for a popping at the moment, the stock was halted for volatility on reports that charter communications is weighing the takeover of the broadband service provider both companies have declined requests to comment for multiple news sources chartered down by 2% this is a very interesting story as we look at altice of 50%, has

a market cap at 748 million, we will be watching that story. thursday. make sure you bring a helmet 8:30 a.m. eastern and for the final hour of trade we are going to get a look at in incoming missile that could be a really important market mover the federal reserve favor inflation gauge, the personal consumption expenditures price index for january pce after piping hot numbers for the predecessors those are january cpi, ppi and a lot of numbers alphabet consumer price index producer price index basically other cousins to the pce investors are expecting the pce to rise 2.4% on annual basis, the most important piece of this report is the core pce that excludes volatile categories like food and energy and that is what the fed looks like, the expectation by

refitted and that that will rise 2.8% year-over-year that is slightly lighter than the 2.9% from december, look at the month over month it is expected to come in hotter than december, january 410 several% versus december 210 several percent if like cpi and ppi in the cpe comes into warm under the collar how will it alter the federal reserve rate cut plans here to fox business exclusive were joined by the ceo of the federal reserve bank of st. louis james bollard, great to have you. is not just january higher inflation it is job creation that is robust, what you expect thursday from the pce in the core pce. >> the market seems to expect core pce hot number that is not good news for the fed but had to put up, the year-over-year

number looks like it'll be 2.9 or 2.8, a little bit down from where it was in december, that would be good news overall for the fed. i think january is a hard month to interpret in terms of the inflation number, it's probably better to look at the year-over-year and iron out the seasonal effects that you would otherwise see, not good news, that is for sure on inflation. liz: inflation is still rising, the most important aspect of what were looking for here is what it will tell us about the federal reserve rate hike projector re, you tell me if it comes in hotter than expected or at least matching what we saw in december year-over-year, does that mean we will not see an interest rate cut which will be stimulative because we don't need to see that just yet. >> my former colleague his

speech was what is the hurry, i think from the policymakers perspective if inflation is hanging up at a high level in the real side of the economy jobs and growth rate of the economy seem to be doing pretty well then they would interpret that to cut the policy rate. that seems to be the tenor of the moment. there are other ways to look at that but i think for now they are thinking why don't we hang out where we are for a while. liz: jerome powell in december had come out and sounded a little bit of a debit and we think, he did not use the term slaying but we think we have it affect the efforts to raise rates considering how much we have raised them to five or five at a quarter% is starting to cool the pace of inflation. it's almost as if he sent out

his entire team to pull him back from the edge because that looked awfully dovish and you mention chris waller now we have michelle bowman saying certainly not now will be cut rates, michael barr saying we need to take a careful approach, adriana kugler saying there's very little urgency, philip jefferson said later this year, lisa cook said we need more confidence that inflation is coming down. i could go on and on tom barkin were not on the ground, rafael bostic no urgency to cut rates, mary daly more work to do. when they say later this year does that mean after june. >> i think it means later this year they want to see more data and make the decision then but from a policymaker perspective if the real economy is doing well in inflation is it where you wanted to be you might as will keep the policy rate

higher, i think there's a little bit of a risk in the attitude you don't want to get all the way down to 2% inflation and still have the policy rate where you had it when you have five or 6% inflation that would be carrying on too long but for now they don't feel much urgency to move. they made a lot of progress on inflation over the last nine months or so inflation used to be much higher but if it hangs up in the 3% range we will be happy about that i would like to see the year-over-year rates go down more than where it is to today. liz: good to see you, thank you very much will be looking for the 2% target because that's what the fed wants. were coming back the dow jonesi industrial down 28 points the s&p in the redgo obbf the momeno is the nasdaq. ♪ rude. who are you?

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liz: the coke backed network, announce it will pause further financial support for nikki haley's presidential campaign after she lost the south carolina primary saturday. what does it mean for her future, when at least one billionaire that supported her are out? >> many behind the scenes say they're dropping out.

she apparently has enough money to last for a while. here is what i'm hearing inside the campaign, sources really close to her, as of now, it could change in ten minutes, as of now she is in it until super tuesday. that is the date she said she laid down the law. can she stay in after that? it really comes down to does cliff asnas, financeer, ken langone, long time financeer, home depot founder, stand drunkenmiller still throw money at her hoping she pulls something out of the hat at the convention? i don't know. and i don't know if they know right now this is pretty wild stuff. she has not won a primary. she probably won't win a primary. literally her whole campaign is for trump to get, have dough some face plant or somebody to wake up to say he is going to be indicted and the country is not

going to vote for him. please, nikki, jump in there. it is really high-stakes. right now people are bolting. right now she is staying she is staying into super tuesday. right now her whole campaign concedes she can't win a primary. it is really sort of amazing. i keep hearing she may drop out sooner. so you know that is out there as well. a lot of people don't see it sort of, anything being accomplished if she stays to super tuesday, because she is in a sense weakening trump for biden. we're at another level here. i guess the biggest takeaway, people are dropping out. it's unclear if those big three will drop out. the one thing that she has said is she said she told people she is in it until super tuesday. we'll see if she sticks to that. liz: thank thank you very much, charlie gasparino. if u.s. market is doing we well

so is japan's nikkei. it hit an all-time high. our mainstay capital founder and friend, david kudla. you're saying just don't buy the nikkei, buy the nikkei small caps. how do we do that and why? >> good afternoon, liz. we've seen the nikkei 225 come a long way here back to a high set last december of 1989. valuations are getting somewhat stretched but we still think there is opportunity in small cap. we have a weak yen, decent valuations and there's, monetary policy by the bank of japan has been far easier than we've seen in europe and in, in the u.s. so we think there's, real opportunity there to diversify out of where our primary allocation is u.s. first. liz: you can do dxjs, wisdom

tree small equities for japan. you like india, i-shares, msc-iind, india. what is the positive on that? we have 15 seconds on that. we're coming up to the bell? >> both are benefiting from lowest investment in china in 30 years. capital is flowing into japan. capital is flowing into india. india has high demand for their stocks where a lot of countries around the world are in recession. india is expected to grow 7% this year, earnings up 18%. good fundamental story in india as well. liz: david, i like the small cap japan idea. [closing bell rings] that you're not jumping late onto the big train. david kudsi law, always thanks. hold the confetti. dow, s&p, no new all-time highs. that's different. we'll see you tomorrow. ♪. larry: hello