wrong. charles: so where are we? you-help manage -- you help manage money. i know it's a juggling act, because you're focused first and foremost on safety. you want to keep your clients' assets safe. >> i look back at the period of what i would call irrational exuberance, they usually are followed by some kind of bubble bursting. unfortunately, we do see that asset values are overpriced with the real estate economy and other global factors macroeconomically, there is going to be a tough year ahead, unfortunately. that's what i believe. [laughter] charles: listen, you could write in so many things, unfortunately. it ain't all pretty, but you're right. thank you so much. >> thank you, charles. charles: speaking of a market gone wild, we're still rocking and rolling and looks like we're going to motor into the closing bell. of course, liz claman's going the hold your hand a -- liz: i thought you were going to say it ain't all pretty but liz is. charles: oh, man. let's do it all over.

all right, folk, it ain't all pretty, but liz is. liz: oh, charles, thank you so much is. [laughter] and the markets aren't bad looking either. okay, enough. we are watching the markets always very closely as we kick off the final hour of trade. right now green on the screen. folks, the s&p 500 at a record, it needs to close up 32 points. right now it is up 47. the nasdaq needs to be up 243 points for a record. it was but right now it's up 227. so slightly below that. but at 3 p.m. eastern, right now, we are also keeping our eye out on the credit card issuers and some of the big banks behind them as we wait headlines from the fed's monthly consumer credit report. may have the power to move the markets. it's released on the fifth business day of the month. it's almost a temperature gauge of consumer health because it covers most credit extended to individuals including auto and student lobes, but it ex-- loans, but it excludes loans secured by reality. last month the federal reserve

bank of new york warned that credit card, student and auto loans were falling into clip quincy, and they were rising, levels rising above pre-pandemic levels signaling increasing financial stress especially among younger and lower income households. so i am continuing to look at these headlines. as soon as they begin hitting the tape, we will get them to you. all right, let's get to this s&p bull party to notch a new record, the broader index, as we said, just needs 32 points at the close. right now we can see we are just off session high highs. let's look at the s&p 500 leaders, real stock standout stories. nvidia, meta, new york community bank. nvidia and meta are both hitting fresh records. nvidia cracking $900 a share level heading for a sixth consecutive day of gains and fifth straight the record close. look at this price, $918 a share. flip it over to meta, if we can, sailing higher at the moment. and we have got meta up 2.7% as

the u.s. house committee and in energy and commerce prepares to vote on legislation giving tiktok's chinese parent bytedance six months to divest of the u.s. arm of tiktok or face an outright ban here in the united states. so meta, snap, all the social media names that are here in the u.s. are moving higher. and after a white-knuckle ride over the past 36 hours during which the stock tanked 4 42%, down to $1.70, was halted 13 times and closed at $3.46, new york community bank shares are on the move to the upside. they're off the highs of the session though. we do have them up 5.33% in the wake of a lifeline rescue from a consortium led by former treasury secretary steven mnuchin which pumped $1 billion into the embattled bank groan requesting under the weight of bad commercial loans, specifically landlord-operated buildings in new york.

but do the terms of that lifeline leave the common shareholders in a leaky lifeboat? we've got the top banking analyst at rau monday james on whether this deal saves the bank or simply delays the inevitability. in the meantime, anyone surprised by semiconductors? no, come on. they've been doing so well. with all the yammering that the markets finally broadened out beyond tech, should you believe that, that they should stay in semis or continue piling into the mag 7 overall which are kind of becoming, at least part of them, the sag 7? to the floor show. we are joined by traders sarge guilfoyle and c.y -- j.c. we relates. and we do have breaking news, u.s. january consumer credit came in at a 19.49 billion, that is above the consensus. we do have the consensus at $9.25 billion increase. so at the moment we're looking at the markets, wedder president up everything -- put up

everything. yep, we're still to the upside here, but looks like the s&p is losing just a bit of steam here. it's still up about 46 points at the moment. sarge, we gotta nag if our viewers -- flag our viewers that jay powell in front of the senate banking committee today, this morning, said inflation had cooled enough and that we're not far from the confidence needed to cut interest rates. what does the market's reaction right now to these headlines about consumer credit mean for maybe pushing up, making it sooner or rather than later for a rate cut? >> well, i think there's a few things going into the market right now. one is, yes, the probability for a rate cut this year, i don't think we're as a close as powell sounded today. i think it's more like how he sounded yesterday when he said we had to be patient and it might be a little while. so, yeah, we're probably pricing in maybe 50 basis points of cuts this year, maybe not. i wouldn't get overly excited about that. we might be pricing in the presidential election. i'm not saying that president

trump or president biden would be better for the economy right now, but i think most people feel that maybe going forward president trump might be. so i think that maybe they're pricing in a strong showing by the former president on tuesday. and there's a number of reasons here. as you said, there's a few spots in this market that you have to be in order to make a decent living. this market, this rally has not been broad at all a times, so you do have to be in the a.i., in the mag if 3, let's say, or mag 4 but definitely not mag 7. and you have to have where you know the flow of capital's going to be. you just can't throw money at the market, let's say into an index fund. liz: speaking of the mag 7 going down to the mag 3, let us take it to j.c. at the incredible custom wall. j.c., i'm going to walk over to you because you were talking specifically about how the mag 7 now has the sag 3. let's talk about what you're showing here and what it means

to the investor who's watching right now. >> liz, these are the market darlings, right? this is you know what they say, dance with the date that brung ya? these are the ones that a got the market here. apple making new all-time highs, google is a leader, tesla is a leader to the point where the narrative was that these were the only stocks carrying the market. which wasn't true all throughout last year as we discussed on the show. but what's happening now? if not only are these stocks not the leaders, they're actually the laggards. up here we're looking at apple relative to the s&p 500. in other words, apple's stock relative to everything else making new 52-week lows. 5 52-week lows relative to the rest of the market, google's making 10-month lows, tesla making new 52-week lows, relative to the s&p 500. liz, these used to be leaders, remember? i'm old enough to remember when apple was the biggest of them all. liz: but why not buy at these new 52-week or 10-month lows?

>> money goes to where it's treated best, and investors piled in to the point where there was nobody left to buy them. everybody knows these are the leaders, and now they're being treated poorly. they're being penalized for owning these stocks, and that trend is lower. so i think as a investors, we need to remember that a there are other stocks out there. there are other asset classes. it's not just the mag 7 or u.s. technology. there's a lot going on. liz: and speaking of the other assetsing there are things that are doing incredibly well that we've been telling our viewers, bitcoin and gold. where are they in their chartist world? if. >> well, bitcoin is putting together quite the base here. and, liz, you and i have been doing this for over a decade, talking about charts. how many times have we talked about these massive bases and the if breakouts that result in if just because the price of bitcoin is at the top of this chart doesn't mean there's resistance here, right? it can go a lot higher. so i think if bitcoin has a 70 handle, in other words, if we're above 70, i think the risk

continues to be not owning it. not owning enough. because what's the upside? the upside's unlimited. who knows how high it can go, but the risk is very well defined. liz: when you talk about the rusk of not owning something, sarge, what risk do you see in certain specific equity namesesome you are that trade or guy who looks so closely and says i've got to own that, i've got to jettison that. >> well, you know, right now i'm short apple, for instance, so i agree with j.c. on that name. i've been shorten apple a year. it's been my if best short. as far as bitcoin goes, yes, i -- although i'm no crypto fan by any stretch, i agree, the upside is unlimited on bitcoin. but you want to avoid the miners by -- like the plague. they've all tried to get past pivot, and they all failed. i don't know if margins have collapsed or something, but if the miners stop mining because they can't make enough money

doing so, that would push forward j.c.'s story about an unlimited upside because that would lend to further scarcity going forward of bitcoin. and miami a bitcoin fan. liz: okay. he's not a bitcoin fan. you don't get fan.com, you don't get into with fan boy area -- fan dom. gold, let's look at that one. >> the kids these days don't remember e when gold did well. liz: those dang kids. [laughter] >> they don't remember. i try to tell them. in the first decade of my career, gold went up, it was cool being a gold bug. you remember those days, liz. it was going not only -- not only going up on a -- gold was still doing better. liz: you're talking about here. >> i'm talking about the 2000s. liz: okay, the 2000s. some of us remember the '70s. [laughter] >> so i don't, right? but -- [laughter] so from the all-time highs in the late '70s, early '90 -- 80s,gold wedged down forever.

all of a sudden, it started creeping higher in the earlys, and then the etf came out. do you think that was a coincidence that now that all these investors that couldn't participate in gold markets before because a mutual fund manager can't just go buy gold bouillon, now they can, we're seeing the same thing now with bitcoin, can we not? liz: hey, they can buy it at costco. really quick, sarge, do you have a favorite symptom name -- stock name. >> palantir, man. liz: big move today. >> on every dip, i've been buying it. i bought it earlier this week. my target price was 27, which it knocked on that door today, so we need to establish a new target. but palantir, i've been loading up on every dip. that one is for my grandchildren. stuart: whoa. that is a big statement there. palantir at $26 a year ago, and it was going through tough times. some is didn't believe anytime, "the claman countdown" did. i know an anchor over across the

river, actually, he an colors from downtown, but -- anchors from if downtown, but he was really dismiss i of palantir. that's a mistake. great to see you both. >> likewise, liz. liz: sarge, always wonderful to see you. >> thank you. are. liz: these are some of the biggest market catalysts that could impact your portfolio today. u.s. january consumer credit coming in at 19.49 billion, that blows out the estimate of an increase of just 9.25 billion. that means americans are shouldering more and more credit to pay for things. also a keep an eye on nvidia as it cracks the $910 a share level, and it's fresh highs yet again today. the nasdaq and the s&p 500 touch all-time intraif day highs. all right, what about this? inflation, the border, crime. with just hours to go before president joe biden delivers his annual state of the union tonight on capitol hill, rumor has it wall street and big business might just be two of

his top targets. we're headed straight to the nation's capital for the beltway chatter on what's really in his address to the nation. and he could very well tout the stock market success, you know? look at what the president has overseen here. the s&p 500, multiple records, today included. here's a look at the companies driving it higher: nvidia, constellation energy and meta this year are the big winners. nvidia up 85%. eli lilly up 34%. amd up, applied materials up 31%. "the claman countdown" is coming right back. stay with us. ♪

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liz: fox business alert, capitol hill buzzing ahead of president biden's state of the union address tonight. this is a high stakes opportunity for the president to make his case for a second term as he faces several hurdles. ahead of the state of the union, republican house speaker mike johnson releasing a video calling out, quote, three years of decline under biden. johnson also unveileding -- unveiling his list of honored guests, the french israeli citizen who was kidnapped by hamas on october 7th and tortured for more than 50 days. mia was released in december. also invited to attend, ella millman and mikhail girl, covisits, the parents of "the wall street journal" reporter falsely accused of spying, in a russian prison. just as tensions between democrats and republicans appear to be at all-time highs, speaker johnson is calling upon republicans to have decourse rum

in the chamber tonight. to capitol hill and grady trimble. i'll believe that when i see it. not that he'll call for it, but whether anybody will listen. these things have have become very raucous. >> reporter: yeah. things got a little rowdy last year, so we'll see if there's a repeat despite that call from the house speaker, liz. tonight is really an opportunity for president biden to try to control the narrative on several hot button topics that will, no doubt, be key issues as we look ahead to the november election. things like immigration, the wars in gaza and ukraine, china and, of course, the economy. you know, over the past several days biden administration if officials have been kind of telegraphing what the president is going to speak about tonight. so we do have is a bit of a sense s and we know that he's going to make a few policy proposals, one that might impact our viewers, liz. he'll propose raising the corporate tax rate from 21% to 28. on top of that, we're expecting the president to announce plans for more aid for palestinians.

the war in gaza, as you know, is an issue that has the democratic party divided right now. we also expect the president to make the case that the economy is in good shape. but with when you look at polling, and we've been talking to voters including just a couple days ago, liz, on super tuesday, there's clearly a disconnect between the economy the administration is describing and how americans on the ground are feeling about the economy. >> we're going to have to flood the zone, share the message, share a clear vision for the future that joe biden and kamala harris want to continue to deliver for the american people. and we're confident that the president's going to do that tonight and over the next several months. >> reporter: as far as many republicans are concerned though, tonight's hour-long speech by president biden is not going to reverse the three years of what they consider to be bad policy. >> joe biden is on the run from if his record and lying like crazy to try and escape accountability for the horrific

devastation he and his party have created. all the while they continue the very policies that are causing this horror show to go. >> reporter: now, the republican response is coming from senator katie britt. she is the youngest republican senator -- youngest female republican senator ever elected to the senate. she's a mom of young kids, liz, so that alone is going to be a stark contrast from president biden, of courseing as voters are concerned about his age and his ability to do the job at his age. of course, britt will contrast her policies, the republican party's policies to president biden's as a well tonight. liz? liz: grady, we will see you in the next hour -- [laughter] and every hour between then and now. but speaking of the next hour ahead of the state of the union, do not miss larry kudlow's exclusive interview with house speaker mike johnson is. that's coming up immediately following "the claman countdown" at 4 p.m. eastern only on fox business. so throw away your remote or put

it in the other room. just put it away. stay right here. hollywood's awards season coming to a head this weekend as a oppenheimer, barbie, poor things and more look to grab oscar gold. the ceo of theater chain cinemark is here with his predictions and how the end of the writers' and actors' strikey still the impacting the silver screen this year and how long will they be dinging the profits into the future? mauve i have studio stocks -- movie studio stocks have had a rough couple of years. not netflix. netflix is actually moving higher today, but it is year-over-year a real bang orer. comcast, disney, paramount, warner e brothers-discovery, a mixed picture today, but those names do have that legacy media pulling back their movie business. we are coming right back. we are coming right back. don't go away. ♪ch? ♪

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♪ ♪ liz: lights, camera, oscars. hollywood's biggest night is almost here. the 96th annual academy awards on sunday, and all the major studios are gunning for that best picture win. netflix was the studio that sealed the most nominations, 18 of them, including best picture for bradley cooper's maestro. as for the movies themselves, universal studios' oppenheimer about the creation of the atom bomb scored the most, 13 nominations.

and so far at least in the sag awards, etc., they've been the favorite at this season's awards shows. the competition, though, very fierce. contenders include apple and paramount's latest film killers of the flower moon, poor things with emma stone and the box office favorite of 2023, warner brothers-discovery's barbie starring margot robbie. but will any of this oscar gold burnish the movie theater business? joining me now, the cinemark if ceo, sean gamble, operatinging 500 plus theaters, let's just start with your wager about sunday night. what's your over/under on some upsets we might see sunday? >> first of all, thanks for having me, liz. you know, upsetses, you never know what's going to come out of the academy awards. there's the so many great films to cause from, you really can't go wrong. you just said it, it seems like

oppenheimer has been sweeping the awards season, so that seems to be the leading candidate, but you never know. barbie was such a big cultural phenomenon, can't rule it out. liz: yeah, i think so. and also as you say, you're never quite sure especially with the oscars. overall, one thing that people haven't been sure of is whether you and the other theater operators will see an uptick in foot traffic at the box office once some of these movies are granted oscars. so what are you expecting to see? let's just say is oppenheimerer wins a whole bunch of them, do you then get it back into the theaters so people can see it who maybe missed it the first time around? >> yeah. generally what will happen is we'll bring back some of the larger award-winning films into our theaters. currently, actually, we're running a whole screening program for those that are nominated. so we see a wonderful response to this program every year where people want the come and see all the films that they may have missed prior to the awards

system, and you definitely get a nice pop back up following for those bigger winners, and we bring them back. liz: it's working, because year to date your stock is up 40 -- let's call it, let's see, 25%? 25%? if very nice if move especially considering all that you guys have been through with post-covid and all of the lockdowns. let's talk about what's in the theaters now. warner brothers' dune 2. it had a boffo opening, and it is continuing the rake in some money. does that become the movie to beat this year? what's coming up next that could meet or beat it? >> sure. well, look, we're superrer pleased with the results of dune today. i mean, it's had a sensational opening. word of mouth has been tremendous. really in the first week it grossed almost as a much box office as the prior installment did over its full run, which we think is just a great validation of consumer enthusiasm for these types of experiences. will it be the biggest pinture

of the year? hard to say is. -- picture of the year? certainly see plenty of candidates, significant films coming down the pipe. early on what's a coming down the line, we've got "kung fu panda" 4 next weekend, shortly thereafter another ghostbusters installment, godzilla v. kong. later this year, deadpool 3 which is capturing a lot of attention and interest. and year end things continue to build as we get into year end, some significant films capping the year with a film like wicked which looks absolutely amazing. liz: and the joker or sequel with river phoenix and lady gaga. did i say river? if oh, my gosh, that was his brother -- [laughter] >> joaquin phoenix. liz: rest in peace, river. let's get to the tandem artists and writers' strikes. they're finished, but you still

hear in earnings reports for some of the media giants that they are feeling the after a effects to this day. warner brothers-discovery comes to mind. are you? if i'm wondering if now they're leaning on that as a little bit of an excuse, because you seem to be looking good every, by every metric including today. the stock's up 3%. >> yeah, well, look, we've been working really hard to continue to advance our company even as our industry remains in recovery. we're certainly seeing some of the effect of the strike still this year. i mean, the first half of the year the timing effect of releases because of those strikes is putting a little bit of a drag on the overall volume of titles in 2024 in the first half. and we'll see that continue to pick up through the year. fortunately by year end, particularly the fourth quarter, fourth quarter looks comparable to pre-pandemic e levels of volume and significance of films. so we've been able to navigate our way through some of these headwinds as we've seen them,

and we're certainly pleased with the results and really encouraged longer term. the performance in the stock, we think that there's growing optimism within the investor community about what we're seeing regarding the sustained enthusiasm of consumers to go to theaters or and then the recovery of film volume over time. we think that's starting to resonate with people, and we remain very optimistic about where things are headed. liz: good, good. we like business, we like optimism, and i am picking godzilla over kong. i know kong can punch, but godzilla has the tail advantage -- [laughter] >> well, be prepared because this film, they may actually be teaming up against some aliens from outer space, so you're going to have to check that out and see what they do in terms of working together. liz: i'll buy that. good to see you, sean. thank you is very much. [laughter] >> thanks, liz. appreciate it. liz: sean gamble of cinemark. fox business alert, victoria's secret is facing a very public fallout at this

hour, down 30%. shares of the lingerie brand set to post their biggest intraday drop on record. victoria's secret fore if casting weaker tan expected -- than the expected annual sales as the consumer opts for e e-commerce players like amazon. jpmorgan downgrading victoria's secret from neutral to underweight. they should have said neutral to underwear. and cutting its price target from $22 down to $15. the stock right now is at $18. american eagle outfitter, though, soaring higher earlier, now erasing every penny of those gains. it's now lost it all and is down about a third of a percent. shares of the apparel retailer had hit a more than 2-year high of $26.44 earlier in the session following a fourth quarter or beat and a nearly 65 jump in adjusted earnings. the company also a announced a 3-year strategy to improve profitability even further. i'm just looking to see if there

are headlines here. it did hit that earlier year high but right now it looks like the only -- can nothing really. maybe it, maybe it's the consumer credit report that shows consumers are loading way more credit onto their cards and and on their a shoulders. so we'll keep watching this. investors are saying yes to novo nordisk. shares of the semiing pick and wegovy maker surging to a record high after the company revealed promising results from its new weight loss pill. this is a pill. now, in a phase i study, patients who took the pill lost more than 13% of their body weight over a 12-week period. that compares to a 6% drop in body weight other the same period -- over the same period from the companies' -- company's wegovy shot. if the numbers improve, looks good for novo nordisk which is up 8.6%. former treasury secretary steven mnuchin riding to the rescue of new york community

bank, one of the nation's top banking analysts here next to tell us whether mnuchin's white horse could one day find itself put out to pasture or winning it all. the s&p 500 regional a banking etf, ticker similar kohl k-r-e, we talk about this a lot, just about a every regional is in this basket. it's flat the slightly higher, but over 1 month it's up about 5.5%. "the claman countdown" returns in a minute, we're talking new york community bank.e 2 ♪ ♪ or what if... (vo) once-weekly mounjaro could help. mounjaro helps your body... ...regulate blood sugar... ...and mounjaro... ...can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro... ...lost up to 25 pounds. mounjaro is not... ...for people with type 1 diabetes or children.

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what? i'm 12 hours short. - have a fun weekend. - ♪ unnecessary action hero! unnecessary. ♪ - was that necessary? - no. neither is a blown weekend. with paycom, employees do their own payroll so you can fix problems before they become problems. - hmm! get paycom and make the unnecessary, unnecessary. - see you down the line. liz: the saga of new york community bank over just the last 35 days, i mean, we've been talking about the oscars, this could be a movie treatment full of bombshells and death-defying drops and an 11th hour rescue. new york community bank at this hour is up 5%. it was higher earlier, but this gain comes after former u.s. treasury secretary steven mnuchin along with a group of investors plowed more than $1 billion into the struggling commercial real estate lender.

they broke that news yesterday. former controller of the currency and mnuchin's long-time ally held a news conference call with analysts this morning. key takeaways? the firm had $77.2 billion in deposits as of march 5th. that is down from $81.4 billion at year end. it's common -- its quarterly common dividend will now be slashed down to a penny, a penny a share from a nickel at the end of january. of course, they cut it to a nickel at the end of january because they found all a kinds of problems on the balance sheet. the influence fusion now -- influence -- infusion if creates a fortress balance sheet. joining us now, raymond james' banking director steve moss. he was on the call this morning. steve, when you look at the stock, i wouldn't exactly say the market is cheering this. let's call it a golf clap maybe. you were on the call. what struck you about what was said on this call?

>> what struck me about the call was details were fairly limited. it would have been helpful if they provided additional disclosures around their portfolio of multifamily loans. we don't know much about the infrastructure there. we don't know who -- what type of properties they're lending to. and those sorts of things do matter when it comes to assessing their credit exposures here. liz: yeah. and i believe on the call they did discuss and admit that there was depositor flight which we would hope the $1 billion infused yesterday would put a stop to that. but they also pointed out -- i don't know if you thought this was as interesting as i did -- the executives noted that customers from signature bank which, of course, new york community bank had acquired last year during the regional a bank crisis because signature is was about to go under, that those depositors were the ones who were most jittery and pulling their money out. i guess you could figure once bitten, twice shy. but who's to say either way they'll keep their money in this

bank? >> you know, that's a fair question. i think at least in the short term this capital raise helps provide some confidence with regard to those depositors. longer term here we've seen some pretty big management shake-ups in the past couple months, and that will probably make not only the depositors question things, but also those who are doling with the bank. -- dealing with the bank. i think there's a good chance some of those employees from signature go to other greener pastures. liz: we know one thing, former treasury secretary steve mnuchin is a smart guy. this is not his first rodeo. years ago he bought what was, of course, the failed mortgage lender indy mac after after the financial isis. he talk abouted that around -- turned that around, and he put joseph otting in as ceo with, now the ceo of new york community bank, so they're back as a partnership here. i just find it interesting that it was the controller, you know, the controller of the currency this time around who, according

to reuters, had actually pushed for new york community bank to pursue a deal that has contributed to these recent financial woes, and that deal was to buy flag star bank and take on too much onto its balance theme -- sheet. >> well, i would say a couple things. you know, new york community has diversified itself from if being a legacy thrift focused on multi-family lending, and flag star was definitely a piece of that puzzle. you fast forward about three, four months later, they acquire signature from the fdic. that enhanced their deposit base. i think the problem there is they had much greater hold on their own balance sheet than anyone appreciated, and, you know, there was an tub there for them -- there for d -- an opportunity for them to raise capital pretty much because they'd been blessed by the fdic. unfortunately, they did not do that. it would have allowed themselves time the work through their own issues. perhaps do some restructure

things of their own. you know, you're here today, people still have a lot of questions given the disclosures we know now that, you know, create challenges. so, you know, unfortunately a lot of this is legacy-driven versus flag star or is signature-driven, though signature did push them over 100 billion, and that clearly resulted in other regulatory -- liz: what about the common stockholder? they are massively diluted. while the guys who are putting their money at risk, this consortium already, i believe, are in the money with all of the detailed work they've done to make sure they get the warrants and the preferred, etc. doesn't this have to be approved by shareholders or not? >> i difficult think this needs to be approved by shareholders. at this point, you know, this is a rescue that's essential, and and, you know, the dilution is what it is at this point. i think there are some approvals in the preferred side, but i'd have to go back and look.

liz: no doubt that the free market is working here. that's a good thing. so we're not seeing a bailout by any government regulatory bodies at the moment. we like that. i know our viewer-investors like that. [laughter] but we were talking to a source who is big in banking mergers, understands this very closely, and he basically e said this, their assets are worth very little, and we will continue to see impairment which will eventually lead to a slow failure. whoever gave them a billion dollars hates money. that, obviously, is bravado wall street talk, but is there a grain of truth in any of that? >> i think that's pretty aggressive here. you know, are there, are there issues within the portfolio? yes. the exact size and structure, we don't know at this time. you know, definitely the rent-regulated real estate and multi-family has been under pressure if given the legislation that does impact

values, that does impact the collateral. so that is a problem for the bank. they're probably going to have to work it out on their own. it would be very hard to sell that stuff without taking a substantial loss. so, yes, there's probably some truth to it, but we don't really know how much. liz: i appreciate you coming on, and i think your letter was, your letter -- your note that came out, i just want to know, you got it at a market perform. with can you just define for our viewers what that really means? >> we have a four-tier rating system. strong buy, outperform, market perform and underperform. so, you know with, market perform is at the lower end of the range. liz: okay. >> you know, pretty much in line with the market. liz: steve, good to see you. thank you. >> good to see you. thank you, liz. liz: new york community bank is up 4.6% at the moment. dramatic new fattage from the gulf of aden -- footage -- after the first deadly strike of a cargo ship by iran-backed houthi rebels. we're going to get a live report from israel as the conflict in

the region takes a deadly new twist. the i women shares -- ishares aerospace fund has gained about 14% over the last 6 months. a lot of the names in this etf are supplying israel with weaponry. stay tuned, we're coming right back. if. ♪ if. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card. make more of what's yours.

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liz: breaking news. the death toll has now risen to three. three people now dead following wednesday's attack on a liberian owned cargo ship in the gulf of aden. the number could have been higher if not for a daring rescue of survivors bring the indian navy. look at this new dramatic helicopter video. we should take this wide, so you can see it clearly. the crewmembers of the ship named clear confidence were forced to abandon ship and plucked off life rafts this morning. unbelievable. as attacks in the region take on a deadly zone, crude oil is $79 a barrel. we're in the after-market at the moment. fox news correspondent tray young on those attacks and continuing conflict in gaza. the trey, the state of the union tonight will no doubt be

referencing this? >> reporter: liz, good afternoon, we're learning that president biden tonight during his state of the union address is set to announce that the u.s. military will help is set up a port off the coast of because is a gaza to get more humanitarian goods. this is a significant development and the announcement will be the first time that u.s. forces will be getting this close to the war unfolding inside gaza. it does come 153 days into the conflict as palestinians are desperate for aid. some of it tricks kelling in through the southern crossing with egypt. you can see here in this video they received more aid today from the united arab emirates whose military conducted a airdrop over gaza. the israeli military announced two dozen aid trucks made their way to the northern part of the strip in the past day. for now there is no end in sight for the war.

gaza said their negotiating team left without a agreement in place. we go to israel's northern border where 20 rockets were launched from southern lebanon by iran backed hezbollah today. israeli military continues to respond striking new positions in lebanon. we're looking at three different fronts from gaza, lebanon. with the holy month of ramadan starting this weekend that escalating tension across the region will keep rising. liz. liz: bring you back to what you started with, president biden is expected to order the u.s. military to build floating ports off the coast of gaza. this almost brings back what chirp hill did during normandy and d-day invasion, build these floating mulberry ports. do you think that will cause tension between the u.s. and

israel at this moment? >> reporter: it is a fantastic question because there has been a lot of attention on this issue behind the scenes. we've been talking with both american officials and israeli officials and they are clear, there are firm disagreements right now about the amount of aid getting into gaza to the more than two million palestinians that are living there. the united states has been trying to pressure israel to take more action, allow more crossings to be opened and get aid into the desperately suffering part of northern gaza and it simply hasn't made it there. that is why the military has resorted to airdrops. the u.s. military conducting at least three of their own drops over the past week. as for this floating port, this is an opportunity for the united states to say we are going to act alone. there will be coordination with the israelis. they will simply be open to this idea, it will take pressure off israel when it comes to supply gazans for humanitarian assistance. liz: bingo. i think it gives some cover and

allows aid to get in there more easily an both sides will hopely think this is a good idea. thank you very much, trey yingst. closing bell three minutes away. s&p looks to close out the day at a new high. it needs 33 points to hit that mark. we're up 53 points. the nasdaq, the nasdaq call it within spitting distance ending the session at a record high. that index needs 244 points above that level. up 240 points. earlier today, nasdaq high, 277 points. let's look at the dow winners right now. we have not given a lot of love to the dow jones industrials. the dow at the moment is moving higher by 127 points. we've got, and again the semiconductors are still really the big muscular names here. intel, right at the top of the dow jones industrials, american express is one of the gainers. you've got on the losers, amgen,

verizon, jpmorgan chase, visa and mcdonald's. once again you know i did find it pretty interesting we are looking at volatility at this moment almost without a pulse. it is just completely flat. and so you wonder what about the s&p leaders, are they the ones that are really punching higher? and is it because many of the names here have big storylines behind them? kroger, for example, kroger says it is still going to continue to pursue its purchase of albertson's even though we do know that the regulators have said no go. we already showed you at the top of the show how many s&p leaders are attached to important semiconductor businesses and that would be on semiconductor, kla, asml, all of those names. we do have earnings out after the bell. let me give you the three names, costco, marvell, a semiconductor name and docusign. costco is going to be a big one

because what you can read into those numbers, the health of the shopper, the health of the consumer. of course it is a discount operator. if you see those numbers looking really, really strong, what is important to note maybe that is a sign that -- let me check costco. costco hitting a record high, $787 today. right now at 785, still a record, a gain of 1.6%. all of those numbers and more. tomorrow we are all over any reaction to the state of the union address and the markets once again on that friday. we shall see. we have the crowdstrike cofounder and ceo kurtz, bank of america head. she will join us and talk about her higher s&p call. [closing bell rings] that will do it for "the claman countdown". larry kudlow as speaker johnson. larry: hello, folks, welcome to "kudlow," i'm larr