10 delinquency, that's nuts. even ages 40-49, these are parents, 6. we're coming up on some pre-pandemic numbers. listen, it's a $28 trillion economy. there are always a going to be areas in this market that make money. there's always something working here and there. en then, of course, there's always the federal reserve pumping in cash, the federal government pumping if cash. so there's always going to be opportunities. but, you know, it's frustrating when they get this confused, right, because right now the consumer, the average consumer is not strong the. all of the money has shifted to very wealthy folks and, yes, they are spending, and that's fantastic, but don't be mistaken, main street is hurting and wall street, well, we're just making money hand over first. that's why you need to be in this market. cheryl casone's in for liz claman. over to you. charles: -- cheryl: charles, thank you so much. we given with this fox market alert. the bulls are back with in

action. stocks are higher across the board at this hour as the s&p 500 flirts with new all-time highs. if the index is up more than 39.42 points at the close, that will notch its 17th record close of 2024. ooh right now the s&p 500 is up more than 1%, up better than 56 points. we shall see. we are tracking that index for the next hour. now, this index getting a boost from oracle which is hitting a record high. a.i. demand, charles just talking about it, powering strong cloud growth for oracle. as you can see, there's the stock, it is up almost 12 right now. and big tech is also helping to propel the nasdaq higher as a you can see on your screen by 221 points. at one point we were down 26 points on the nasdaq. what a reversal we have had in this session. right now the tech-heavy index can on pace to snap. a 2-day losing streak. now to the dow jones industrials. as a you can see right now on

your screen, another strong performance, up 272 points. at one point the dow in this session was down 58 points. the high for the session, 301. we're pushing towards that right now. right now the dow is going for its fourth day of gains in the last five sessions, so we're going to keep you posted. now, even as boeing is dragging on blue chips right now, you can see boeing, that stock is actually down more than 4.5%. some other pieces of rough news coming out for boeing. there's this f if ark a audit, and it found dozens of issues with the production of the 737 max. airlines are reacting. we're going to get to that later on in pop stocks. but as you can see, boeing is under pressure. now, broader market gains coming each in the wake of that slightly hotter than expected inflation report, cpi or this morning at 8:30 a.m. eastern time. let's dig into the moves with our floor show. seaport if securities founder and president teddy weisberg and wilmington trust chief economist luke tilley.

it is great to have you both. teddy, i'm going to hit you first on this one because if everything is about the fed right now and the trajectory of interest rates, the best seem -- bets seem to clearly say that a june rate cut is on the table. do we still have that argument to make, teddy? >> well, i'm not quite sure. what's amazing is you had a pretty hot cpi number this morning, and the initial reaction was negative. but then you look at what the market's cone today, perhaps it's the -- done today, perhaps it's the recovery of some of the high profile tech names that's driving the broader market. but the fact is the selloff we had in the techs which started a couple of days ago particularly with meta and nvidia where you had those two technical, very bearish 1-day reversals, yet here we are 2 days later, and they haven't gotten back all of what they gave up, but most of it. and the broader market is ab acting so well. i'm not sure where we're going vis-a-vis interest rates here,

but clearly a cut in interest rates is certainly not on the table. and originally folks wanted to see it in marks now they're talking june. i don't know, the economy seems stronger than a lot of folks are acknowledging, and perhaps interest rates are going nowhere. yet the market is putting on a very, very good show here which is basically a sign that corporate earnings are very is good, and the u.s. economy chugs along without any signs of a recession at the moment. cheryl: and certainly, that a.i.-driven theme continues, luke. i want to move on to you because i was looking at comments from the man who ran the boston the fed from 2007-2021. now that he's out of the fed, he's being pretty clear in his language, and he says as long as continue to drift down, i don't see today's cpi report altering the view of a june reduction from the fed. and in particular, let's, you know, just to give our viewers some clarity, c pix's one thing. we've got ppi later this week. really it's that pce report that

we get towards the end of the month of march that the fed is going to react. and we have next week march meeting -- excuse me, next week's fed's meeting and another meeting, excuse me, at the end of april before you get to that june meeting. and if it seems that that pce index, luke, is really the one that is driving the fed's thinking right now. >> yeah, absolutely. pce is their preferred inflation gauge. we'll get that about two weeks from now, and it should be surprising a little bit to the upside. it follows cpi but not in the same mag any if tuesday, so it might -- magnitude. so it might move up a little higher than previously expected, but it ought to follow this report. really i think the main thing here is that inflation is still pretty much meeting what thed the if had expected. their most recent forecast from december still had core pce inflation coming in between 2.5-3% at the end of this year. and inflation is definitely looks like it's headed down towards that range. so as the fed said back in december, hey, you know, if

inflation hits 2.5, 3% by the end of this year, we're going to cut 75 basis points, i think the market is reacting to that. of these inflation numbers do point to a continued slowing. look, with the cpi we're down from a peak of 9.1, now down to 3.2. so it's been cut by a third from the peak of inflation til now. core inflation still drifting down. so the fed has slammed on the brakes, and all we're talking about in the back half of the year is them putting their foot -- taking their foot off the brake a little bit. i think that's what the markets are looking at, cheryl. cheryl: yeah. even a year ago we were at 6%, so even if they believe that they're close enough to 2 target inflation, that may be enough to begin to comfortably cut rates. that is more the argument, i think, for a june cut. luke, i want to stay with you and then take the same question to you, teddy, and and that's on the question of is the market too hot, are we overvalue ised, is this a bubble? when you start to see is these a.i. stocks hitting high after high, the nvidia story, if you

will, when your cab driver's talking about nvidia, luke, that's when people start to question whether or not it's a bubble. you say we're not there yet. [inaudible conversations] >> large cap stocks -- cheryl: luke, i'm sorry. luke, to you first. >> large cap and especially some like nvidia, we've seen a lot of increase in valuation. but we have also a seen a massive increase in profits for nvidia, and to tell you the truth, relative valuations are not that high compared to history for the magnificent seven or however you want to slice it right now. now, that said, we're not all that excited about a u.s. large cap. we're advising clients, and we hold a small overweight to small cap stocks because they still have a lot of ground to make up from their peak in early 2022. and we really think that there's more opportunity there because if the fed starts cutting rates, that's really going to help the cyclicals in small caps, it's really going to help financials and especially the smaller and regional bankings. and we see more of an opportunity there.

we're neutral weight to u.s. large cap stocks. cheryl: teddy, if we're not in a bubble, if this market -- if we're dealing with reality, then if there's a lot of cash on the sidelines as you write and argue about, that means that once those interest rates do start to go down, it makes more sense to get into equities and get out of some of your cash positions. >> well, clearly that's a dynamic that, you know, the fear of missing out, if you will. there is a ton of cash on the sidelines. i know a lot of folks, myself included and a lot of seaport clients, you know, put a bear hug around a short-term interest rates which is still slightly above 5% and a great place to hide in a difficult environment. but now, of course, the pendulum has turned quite positive for equities, and so a lot of that money on the sidelines -- and there is a lot of it there, you know? -- is going to slowly morph back into the equity markets which is going to help support the current positive trend. but keep in mind, cheryl, that there's nothing rational about stock the markets and stock

pricing. we either get overbought or we get oversold. but there's no perfect if place for stocks to be. and perhaps we are on the overbought side of the spectrum spectrum, but i think the side of -- the fact that a stock like nvidia, meta and there are others within two trading days can completely reverse what was a negative technical performance of two days ago and get right back pretty much to where they were is pretty remarkable. it simply tells us that the market is unreasonably sound- footed even at current levels. and i would agree with luke, i think the low hanging fruit is in the small cap, mid cap area now. they have lagged the large cap sectors and perhaps that is a good place to look at the moment. cheryl: yeah, yeah. that's a great point. i'm glad you both made that point. teddy weisberg, luke tilley, thank you so much for joining me. appreciate it. just want to give our ruers a

recap of what's going on -- viewers a recap. the s&p 500 is on track to post a record close. it would be its 17th record close of the year. cloud computing company oracle, top performer on the southbound. strong demand -- on the s&p 500. strong demand for a.i., and boeing is the worst performer after the faa found dozens of issues with the 737 max and the production of that aircraft. president biden and former president donald trump could clinch the democrat and republican presidential nominations tonight with multiple states hosting primaries and caucuses today. voters heading to the polls for the democratic primary in the northern mariana islands. the republican caucus is being held in hawaii. democratic and republican primaries are being held in mississippi, washington and georgia. but this year's crowd at the polls in the peach state might look a little different than the last presidential election with

americans flooding in from other cities to hubs like atlanta, marley entrepreneurs -- particular particularly entrepreneur. since is 2007 -- 2019, seven businesses value ised over $1 billion have started in atlanta. that may change voter dynamics, and that's where we find fox business' madison alworth. madison. >> reporter: hey, good afternoon, cheryl. yeah, we've been here on the ground talking to entrepreneurs, and what they tell us about choosing atlanta is that this area has, it's known for its affordability, it has a great talent pipeline if schools like georgia tech where we are right now, and it's got a very tax-friendly business environment that's bringing folks from if other states and their business ideas to start their tech start-ups right here. it's helping the city grow into its new nickname. georgia is earning the reputation as one of the fastest growing and most prolific tech hubs in the country. >> sometimes referred to as the silicon valley of the south is. not intentionally, but that's a

great comparison. >> reporter: the business-friendly tax structure and hoe levels of regulation in georgia have made atlanta a breeding ground for billion dollar start-ups. garrett langley is a georgia tech grad and the ceo of fox safety. the security company's valuation has hit $4 billion. >> literally whether it's blue or red, clearly we're in a purple state, doesn't matter. everyone's aligned that business is what helps drive safer communities. >> reporter: the country's tech giants are taking notice. google, microsoft, apple all a opening offices here in atlanta. and it's not just tech. georgia has taken aim at one of california's most lucrative industries, tv and film. while hollywood has lost hundreds of millions in revenue in recent years to other locations, the film industry spent over $4 billion in georgia last year alone. the best innovation in tech, entertainment and and start-ups no longer just in california. >> really the state of georgia, very proto-business.

we want to see companies grow here, we want to build here. -- pro-business. cheryl: and the companies that do choose to build here, they are seeing great success. so venture atlanta, which is a nonprofit that has been rah really influential in building out the infrastructure for start-ups here in the state, they're helped their companies reach exits totaling $15 billion. you know, that's always a big goal for start-ups, to reach that exit or to go public. $15 billion, a really successful end for those start-ups and a successful start for the silicon valley of the south. cheryl? if. cheryl: yeah. as we start officially the runup to 2024 and the november election. madison alworth, thank you very much, madison is. appreciate it. and one of the hottest young american tennis stars is sporting one of the hottest brands in the game. up next, the co-ceos of on holdings tell us why ben shelton passed over the likes of nike, fila, adidas and and others for

their cloud tech technology. and here's a look at some of on holdings' biggest rivals. columbia, dick's to, lulu lemm morning nike, under armour. the only ones in the ed right now, nike and under armor. "claman countdown" coming right back. ♪ ♪ starting a business is never easy,

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cheryl: we are less than six hours away from ben shelton taking on italy's -- in the end wan wells open looking to end -- advance to the quarter finals. meanwhile, the company that sponsors ben shelton is running into a little bit of turbulence today, on holdings. the stock is down a little more as you can see here, almost 13%

they reported a surprising loss per share on -- and then their revenue actually missed wall street estimatesful still, the company and the leadership remains bullish. let's bring 'em in, on co-ceo mark moore and co-ceo and cfo martin hoffman join me right now. gentlemen, thank you for being here. >> thanks for having us. >> thanks forking having i. cheryl: so i guess, martin, i want to start with you on this move into tennis because you've been very well known among the running community, but now you're moving into tennis, and you've got sports wear coming up, martin. why the shift into a new sport like tennis, and what's the outlook for you? >> so our goal is to be the most premium performance sportswear brand. and and we started if running, we are born in running, so we we brought a lot of innovation to the market, and it just caused all the success from helen winning boston and new york last year. and we're expanded.

we started with outdoor, were moving into tennis and also moving into training. it all a started a little bit with roger federer becoming a partner if of the brand and developing the first tennis product. but now we are super excited to really have some to have best players in the world, of course, ben shell shelton -- shelton who is so much fun the watch, and we really are all in for today's game. charles: cheryl: mark, ranked number one in the world, do you find that sponsoring these top athletes whether it's helen or it's shelton, do you find that actually translates to sales? becausing obviously, this is a competitive market, especially the athletic shoe market. >> yeah, absolutely. i think the way we look at it is, is in the end we want people to be partnering with us and athletes to be partnering with us that inspire us and that, in the end, inspire other people to move p play tennis and sports.

so the performances that are being delivered, you know, it really ignites other people and with the products that we're showcasing together with them, it has a hugely positive impact in on as a brand. and one example was the u.s. open last year where ben shelton made to it semifinals, and he was showcasing our product. we saw a significant spike in search for tennis apparel. we didn't have is it yet, but the good news at the french open we'll launch our first apparel if tennis collection. cheryl: oh, okay, i did see on the web site, apparel coming. the from. open -- >> stay tuned. cheryl: martin, i want you to put your cp -- cfo hat on for a moment. let's talk about the numbers. obviously,ing you're getting some pressure on the stock today. but still, you know, you seem like you're still bullish that you're going to hit that 30% jump in revenue target for 2024.

and then also you're still planning, i believe, to open up about, what, 15-20 stores worldwide. so what we saw in the earnings reported today, tell us why that should not worry investors. finish. >> so, first, we come off of a great if year, super successful year, 55 if growth on a constant currency basis is, 15.5% adjusted ebitda in the 2022. we have that loss in the fourth quarter, but it's purely an fx effect which is unrealized, so part of that is expected to come back. last week we had a big investor day where we hate out our aspiration for the next three -- laid out our as prayings for the next three years. our aspiration for the next year is even higher, we a had a really good start into the year. we think we can grow at least 30. we want to further increase our profitability to 16-16.5%. so we see a lot of demand.

retail, obvious, will be an important driver. we just opened amazing stores in paris and miami and portland. apparel is doing really well, so is the tennis apparel that we just mentioned will be another driver. so we have a lot of tailwinds to the, to everything that we do. we learned a lot, and we are ready to execute. cheryl: all right. well, certainly the bullish tone, maybe the stock will reflect that tomorrow and the next day. before you go, mark i do want to ask you, go back to the co-ceo hat along with those running shoes, talk to me about the nil controversy with college athletes, because right now -- actually, today in washington there's a big hearing with a lot of these college athletes. the topic is name, image, likeness. these college athletes, they want to own more of their image, today want to profit from their athletic performance and their success. is that something, mark, you could see your company going into, maybe pushing more for --

like sponsoring a college star, whether it's basketball or running or or tennis? is that something that you're looking at? >> yeah, totally. you know, it's actually a similar story as we spoke about with ben and iga. in the end, we're trying to find athletes that want to kind of affiliate with on and want to partner with on and want to do this in the long run. and we're super happy that we can start it already early in the process. so we have several nil deals, for example, in the track and and field space. we have some deals in the tennis space that we're looking into. we have a young brazilian player who is now looking into with turning pro. so i think this really allows us to support athletes at a very young age and then develop with them together as a brand and capture their product input, capture their marketing input and how they see the brand with early early on. cheryl: before you go, real quick, martin, mark, since you started as a running company, who's the faster runner? if. >> oh, marc is definitely the

fastest runner -- >> martin is having more fun. >> yes. [laughter] maybe i can run long or. cheryl: martin and marc, thank you so much for being here, appreciate it. >> thank you so much for having us. cheryl cheryl all right. well, we're going to switch or gears now and talk about, well, we're going to go from sports to pizza and food. who doesn't love pizza? the sky high price of a piece of new york spites saw could be going up even higher. if we are going to tell you why news small business owners are seeing red from all the red tape in the big apple. no more puns, i promise. all right, taking a look at pizza a stocks, dominoes, digiorno, well, nestle, that's digiorno patient, papa josh's -- john's, pizza hut parent yum brands, they're all in the green and not sweating it. we'll be right back. ♪ ♪

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♪ ♪ if. cheryl: new york city has a new mandate that is stirring quite the the controversy by cracking down on its most beloved food group, pizza. the new rule, which takes effect on april 27th, requires pizzerias and lots of bakeries using old wood and coal of fired stoves to cut pollutants by, get this, 75%. finish let's go live to kelly o'grady at one of the most popular joints in the city, john's of bleaker street which is, again, one of the best

slices in the entire city. what's the reaction down there, kelly? >> reporter: well, yes, cheryl, i can attest, it is the best. i've been eating pizza all day. the reaction is frustration. i mean, john's on bleaker actually had to spend $150,000 to install this filtration system. other shops have had to spend in the tens of thousands, but it was really the labor that went into. i just want to show you a picture of how they installed everything to really drive it home. they initially had to blow out part of the wall because the chute was too small, and then they had this guy rappeling down to install stall that -- install that filtration system. it's not cheap or easy. this new law goes after wood and coal-burning ovens like the one you see there, and the argument is this type of oven heats up to 850 degrees to get that cheese all nice and golden brown, but it releases particles into the air that pollute the environment. to so i want to bring in kevin jackson, he's the manager at john's on bleaker here.

so in your experience, how much is this mandate going to impact that air pollution? >> oh, it's not going to impact it autoa all -- all. it's a very high carbon type of coal which mean it's smokeless and almost particulate-free. al although we complied with the mandate, it doesn't do much. it's much like if someone came up with a dice that, you know, helped with emissions on gas motors and they said, hey, what the heck, throw it on electric cars too. okay, you can do that, but t not going to do much. this is kind of the same. kelly: it wasn't that black, smoky stuff we normally see. you spent $150,000, that was actually during covid, so we've already seen this incorporated into the price. what about these other small orer shops though? are they going to be able to survive? >> yeah, listen, it's going to be tough. don't forget, i did that three years ago. i don't know what the price of that will be now. could be upwards of 200 for all i know. it's not a cheap thing. and i do feel other piecely --

piecely saws, they're not competition, we like a thriving business in the city, we want everyone to survive, and it's not going to be oozy with this. cheryl: kevin, appreciate your with time today. cheryl, this right here, the average in the city costs $33.65. it is cheaper here, but you think about shops having the pass more of that cost on to the consumer, there's not much wiggle room there. i'll send it back to you with. cheryl: well, and anybody watching in other parts of the country look to us new yorkers, pizza is, like, i mean, it's part of our lives. i mean, there's pizza everywhere. people live day-to-day off of pizza, so the average new yorker paying more, to your pointful and now they're probably going to have to pay even more because of these stupid regulations. i said it, you didn't have to, stupid regulations. kelly o'grady, thank you. somewhat all right, we've got a fox if business alert for you right now. the airline sector going through a little bit of turbulence today. southwest airlines says it's going to cut flight capacity and reevaluate its financial guidance, the airline blaming

lore than expected deliveries of boeing jets this year. united airlines as asked boeing to stop building the 737 max 10 jets. the carrier is going to switch to a smaller variant of the narrow-bodied plane, and they're going to place orders, get with, with their rival, airbus. separately, american airlines is down in the red. the company said they expect the higher cost of fuel if to put pressure on their first quarter performance. as you can see is, american airlines is in the red. let's look at kohl's right now. kohl's is forecasting annual sales and profit largely below market expectations. the department store the chain posted a steep iser than the expected drop in same-store sales in the fourth quarter. kohl's also announced it's going to add babies r us to around 200 stores this fall if. that could be good for the holidays. right now kohl's is down almost 6.5%. and you've got chinese smart phone maker, they're formally going to launch their

long-awaited electric car on march 28th in china. so the new ev's sticker price going to be made public on that date. the stock is urge -- surging. company said that 59 of its stores in china are going to take orders for its new sedan. as you can see, right now it's up more than 10.5%. and taking a look at a -- this is interesting, paramount global. the stock is actually moving, there's an axios report that apollo global has reached out to the entertainment giant about a possible takeover or some type of asset purchase. the private equity firm joins a long list of potential suitors including allen media, skydance media, also rumored to be in this race to buy out paramount if global. as you can see, apollo group higher and paramount global is lower. well, paramount pictures was the theatrical distributer for killers of the flower moon which came away empty-handed at the academy awards on sunday, but

oppenheimer nabbing seven gold statues at the oscars. there were 13 nominations. the film was shot entirely on imax if cameras which also earned the imax ceo a shout-out from the stage on hollywood's biggest night. we are going to talk with imax ceo rich gelfond on what he was thinking as the academy awards were on sunday night. now to the s&p 500, the index aiming for its 17th record close of the year. taking a hook at the leaders in the s&p, oracle. can't stop the a.i. revolution there. west pharmaceutical, nvidia and arch daniels midland all in the group. "claman countdown" coming right back. ♪ ♪

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hi, i'm ben and i've lost 60 pounds on golo. (guitar music) with other programs i've tried in the past they were unsustainable, just too restrictive. with golo i can enjoy my food and the fear and guilt of eating is gone. >> and i see oppenheimer.

[applause] yes, yes. [cheers and applause] ♪ >> op oppenheimer has 13 nominationses and has won 7 oscars. >> i want to thank mitch gelfond at imax and everybody else at imax for believing in this movie when it maybe didn't make that much sense to do so. thank you. cheryl: that was oppenheimerer producer emma thomas giving a special shout-out to imax ceo rich gelfond as she accepted the oscar for best picture on sunday night. the universal pictures' box office hit filmed on i e max cameras, and it took home the most awards or this year with seven oscars. christopher nolan also won best director, cihlian if -- cillian

murphy hook home the best actor -- took home the best actor award. joining me now is the ceo himself, rich gelfond. rich are, congratulations. >> thank you. it was unexpected and, you know, really appreciated and almost -- i was there, and i almost fell out of my seat. [laughter] cheryl: i was going to ask you, what -- because you normally don't hear the executives of any of the studios and especially the movie chains get a shout-out from the stage. they're too busy thanking their mother and this year e it seemed hike a lot of publicists got thanked. what was your reaction? if you stayed in your chair, what was your reaction to hearing that? because it is rare. >> well, you know, i've got to just say that we were very involved, you know, for years in that movie, and we're also very involved with the nolans for over two decades. we is have very little to do being a movie chain. we're actually a company that creates awesome experiences. we don't own theaters, we

license our technology worldwide. so the movie was shot with imax cameras, there were imax people involved in the make of it -- making of it. you know, chris and emma are are dear friends. just one side, humorous story, over two years ago when he started working on it, he suggested that i read the book. and i said, you know, sure, no problem. then i found out it was 700 pages with 800 footnotes and took up a lot of my summer. finish we were very involved in a lot of movies but especially with chris and emma. and they're brilliant in the way they conceive of things, and, you know, this movie was part nor black and white. tenet was shot backwards, i mean, they take audiences where people otherwise wouldn't go, and they're committed to working with imax, and we're incredibly committed to them. so when i caught my breath, i

was just, you know, my wife and i were both, you know, on the verge of tears because, as you know in this world, when you put your heart and soul into something, you don't always get appreciated. and they showed -- their showing appreciation to i hacks and our whole team, was just so -- we were blown away by it. cheryl: i want to talk about dune can because that's also shot on imax cameras. what was interesting was the shout-out for sell you lowed film. and i think most people were thinking, what is celluloid film? is that something i need to understand? if explain why this became such a popular route for these producers for oppenheimer. >> well, i think that that imax in general, it's clearly the best image capture technology and projection technology. so if you're, like, a master

craftsman, so think of the greatest painters in history, they really wanted to show their work in the best way possible. and nolan and now with dune and others, you know, the mission impossible movies, jake bond movies, people -- james bond movies, people are discovering that audiences really respond when they see something filmed for i e max and shown in imax. and it's not -- for them it's artist ec. and our goal is to -- artistic. and our goal is to that -- facilitate their abilities as artists. so for oppenheimer, we did almost 20% of that film worldwide. we're closing in on $200 million if. and for dune, just this weekend it was the highest indebsing movie ever for -- indexing movie for us ever. so on eight-tenths of 1% of the

screens, we did about 22% of the global box office. you know, that's, those are just crazy numbers. so i think what's happened is not only the artists, but now i the studios are seeing the results of filming with imax if cameras, and they're releasing in imax theaters, and it's just become a way to differentiate your film and if cure rate in the film market and get audiences really involved. cheryl: yeah. i was looking at the latest box office tallies for dune part two, 367 million globally just in the second week, which leads me to your outlook for this year and also for next because there's a couple more movies that are in the pipeline at warner brothers for 2025. there's a godzilla movie as well as -- godzilla versus kong and another joker film that's in the pipe. so it seems like it's these, it's these blockbuster, long-form, you know, they can be delivered in an imax theater but

also shot on imax film. was your phone ringing a lot more this week than the it has been in the past? if. >> yeah, well, you know, there's those are the warner brothers -- movies, but there are a lot of other movies including deadpool that was shot with imax if cameras, and i think the slate is much better than the street is giving it credit for this year. but where imax is best is where it's awe-inspiring experiences. this year we also have a film coming out about the blue angels which is incredible, shot in imax. we recently released a film that we remastered about the band queen which, you know, as a fan i felt like i went in a time machine and went backwards. so it's these experiences and shooting with imax cameras that make it so is incredibly special. and i think audiences, you know, one an jewish is vinyl --

analogy is vinyl, like, real music fans love vinyl. i think fans have discovered things shot in imax and shown in imax are truly special, and they're coming in record numbers. cheryl: rich, i can say i knew you when. congratulations on, of course, sunday night and all the things to come for imax. rich gelfond, always a pleasure to talk to you. thank you for being here e again. >> thank you so much. see you, cheryl. bye with. cheryl: well, let's talk about google. the company going on the offensive by restricting its a.i. chat bot gemini from answering questions about elections. this is a global story. coming up next we've got a.i. proappropriate petety man disabout parent company alphabet's latest move. artificial intelligence, the etf quicker is iq, up 52% in the last year. we'll be right back. ♪ ♪ d for my retirement. the second best? stay healthy enough to enjoy it.

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♪. cheryl: google putting even more limitations on its a.i. offerings today after running into issue with gemini's image generator a few weeks ago. the alphabet owned company saying it will restrict dem nye's chatbot answering about global elections. until a.i. gives russia and new tools so they won't sow division

in the united states during a election year. many are singing it praises. pete is said one of the world's 50 greatest leaders by fortune. the x price foundation founder and executive chairman joins me now in a fox business exclusive. peter, thank you for being here. >> it is a pleasure to be here. a.i. for sure is an extraordinary wave. it is still early. we're still in the earliest days of this revolution and there is a lot of debate, there are a lot of people i call the boomers who are like we have to go as fast as we possibly can, those i call the doomers, slow down, we don't know what the implications are. in fact i'm holding a summit all of next week called the great a.i. debate and we'll be discussing this and i do think it is the greatest invention we

ever have had. it will revolutionize everything. cheryl: what do you make of google's basically admission that the chatbot has flaws? and look behind every a.i. technology, every great technology is a software programmer or engineer and they're the ones that are taking the heat right now within the walls of google and externally. how do you answer those concerns about what these engineers have created. an a.i. chatbot isn't going to tell you something unless somebody tells it to tell you. >> here is the reality this technology is not something we're programing right now. we don't put the program in how to answer it. this technology is being trained on all of the data out there in the world and it is what data do you point it at to train it on. that is going to give you a certain type of answer. i know have known the google founder sincing the beginning. sergey said we released it too early. yes, these are the earliest

days. i give a.i. having massive potential to reinvent every single field, right? one of my companies, fountain life, uses a.i. to analyze mri images and ct scans, gigabytes of data about you which no human can possibly do. the a.i. will give us the very best educators in the world. you think about it, google is free to the poorest child and the wealthiest child the same way these a.i. driven educational programs and a.i. driven health care is going to level the playing field and are there going to be issues in the early days? of course. we do have to have these debates. in my abundance summit we'll be talking about this but at the same time, it is i think one of the biggest investment cycles we'll see this decade. the two biggest markets are artificial intelligence and longevity, massive opportunities. cheryl: before you go, the biggest risk do you think right now for a.i., for the technology, the biggest worry? >> yeah i'm not worried about

artificial intelligence. i'm worried about human stupidity. it is, it is a.i. in the short term is the dystopian use of a.i. i was talking to elon who i had on my moonshots podcast a couple times and saying listen, we're seeing a 10 hx growth in a.i. compute every six months. ray chris while, who will be on me in a few days predicted human level a.i. by 2028, 2029. guess what? as soon as these a.i.s reach human level the next year their digital super intelligence, right, way beyond. these are conversations we need to be thinking about today. cheryl: we all need to be having these conversations, peter. that's why i wanted to have you on the show. >> yes, absolutely. cheryl: believe me we are. peter diamandis, good luck on the summit. we appreciate your time. just want to say here real

quick, tomorrow in a fox business exclusive we have treasury secretary janet yellen at 11:00 a.m. eastern time. just want to point that out to you and also joining us with his fixed income perspective, bringing in brandywine portfolio manager manager jeff mcintyre. obviously fixed income you're still really bullish. >> i am. what a perfect day to talk about fixed income when stocks are rallying sharply and bonds are selling off. my view it is a great time to buy u.s. treasurys just as a defensive hedge. it is an inexpensive hedge maybe down the road we get an employment report that comes in soft or something that suggests maybe a hard landing is in the offing. right now consensus is towards soft landing. this is purely defensive but it pays you to be there. cheryl: so, are you worried about this move out of cash, out of fixed income, into equities if we, if a.i. stays hot for example in the market? >> i view a.i. as a lens through productivity. a way of getting inflation

lower. it is another reason to buy fixed income. i think that the cash will move into fixed income. equities are near all-time highs. fixed income offered good value and hey, it is the year of the coupon. cheryl: what is your top investment pick right now? >> plain boring vanilla, 10-year treasurys, layer on bonds as well, looking towards move and price appreciation. cheryl: you mentioned lam in your research notes. >> these guys were front-runners getting handle on inflation. well inflation is transitory. these guys were taking real inflation adjusted monetary policy rates positive. they were putting breaks on inflation early on. you've been rewarded for being there. [closing bell rings] cheryl: jack mcintyre thanks for being here. now it is time for "kudlow." ♪. larry: hello, folks, welcome t