it will get to the senate, it will pass, we'll see about that. but the policy is very sound. by the way, it says, it is only four countries. it's china, russia, iran and north korea. that's the list where you can actually ban an app. some people are saying this would allow the government to ban all apps and censor. not true. they're very careful about this in the bill. tiktok needs to be sold out or else that is it. breaking up is hard to do but now is the time to break up. that was a great song, breaking up is hard to do. taylor: a good song. jackie: he wanted ban, now reversing. looking at social media. five seconds. >> trump figured out. let congress do it. ha is where he should be. he knows it is a bad idea. brian: larry, we love you, thanks for being here. we'll see you later. charles, you're up next. charles: thank you very much, folks, good afternoon, everyone,

i'm charles payne. this is "making money." breaking right now wall street is coming around to a.i., playing catchup as a matter of fact. there were flury of up grades this morning but great you're playing catchup. you're ahead of the game. the bears have made a trench. beware, this market is going to fall apart. microstrategy is on fire. they're calling michael saylor, the modern-day-bunk bunker hunt. that is not a good thing to be called. he was ridiculed and laughed at. talk about a special guest how expensive taco bell is. scott martin is back. looks like he is having the last laugh. my takeaway on the again, once again, where the market and the street are all off base particularly when it comes to main street. we have a lot of evidence on that today. all that and so much more on "making money". ♪. charles: all right, well i guess you could say better late than

never but all of sudden wall street can't get enough of a.i., right, including nvidia at the top here. bank of america now, they have hiked their target on nvidia. also cantor fitzgerald today. so wall street is starting to pile in. but it is not just, not just nvidia, right, the whole sort of a.i. complex. look at upgrades this morning. microsoft, evercore said 475-dollar stock. amd, broadcom, palantir, 35 bucks at wedbush, wow. smci, remember smc i-85 dollar stock? 13 at argus. 725 netflix at oppenheimer. wall street in but could have told you sooner. nevertheless there is lot of anxiety and ominous signals. people are saying this is a bubble. this is sort after complicated chart but it's not. on the bottom are your p-e ratios. on the side are the percentage of the s&p happen to be trading

at those levels. if you go back to the green, back in the tech bubble days, you had fair number of stocks trading at pretty high p-e ratios. look at these p-e ratios, 20 and 30. you have more in the current rally trading at 20 p-e ratios, 30 p-e ratios, 35 p-e ratios, 40 p-e ratios a lot more know than then. that scares the heck out of a whole lot of purists. so does this. this is exponential weighting. everyone is on the bandwagon. when everyone buys something everyone is on the band wagon. wall street is really, really concerned about that. at least the old school wall street is. maybe this will clear a lot of things up. they're calling it the a.i. wood stocks. that's right, nvidia gpu technology conference there is supposed to be a whole lot of jimi hendrix moments there. will this be the woodstock that gets everyone on the bandwagon? let's talk with someone who was there first, divine ceo, sylvia

jablonski. you were talking about this stuff a long time ago, would report numbers go down 40% t was a tough ride, it was a very volatile ride. a lot of naysayers. how does it feel they're all jumping on the bandwagon? >> it feels pretty good. to your point, during the 2022 tech crash i was sort of a buyer on these stocks because i knew something would happen in this space. we launched aiet if years ago in 2018, it took this long to play out. charles: it played out so big. >> so big and so fast but that will temper. you have this massive going to continue to grow. nvidia you're talking about revenues done from seven to potentially 100 billion in two years. charles: it's just nuts. >> yeah. charles: there is though some anxiety, i saw this in the information, this is a pretty good piece for everyone to subscribe too. amazon, google, quietly tamping down generative a.i. expectations. my initial thought was maybe it is because amazon and google

aren't keeping one the rest but is this the time to be tamping down expectations when everyone else is ramping them up? >> i think what they're doing they're running their business more efficient i. i don't think they can continue to spend running software because it is very expensive to do that. i think they have to better match their supply and understand their demand story. for some of the companies that are leaders like nvidia again you already have them selling -- charles: this is the is tipping point, like the starting gun went off. >> it might not be for them. charles: for google and amazon that may be more sour grapes instead of hey, let's everyone calm down here? >> they're clearly trying to catch up. they're making lot of invests with companies in a.i. we'll very to see what they do, with their different chatbots and things like that but for nvidia they're seeing gpu adoption across the board. charles: do you think that will live up to the hype, the a.i.

woodstock? >> i think so. charles: there is the old anxiety out there, exclusive u.s. must move decisively to avert extinction level threat from a.i. this is from a government commissioned report. move decisively. are we talking extinction level threat from a.i.? >> these things get overbroken and under blown on so many level there are a good amount of dangers on a.i. that have to be discussed. we need parameters build in for a.i. charles: this is so large, so fast, moves quickly the generation is on the way out, by the time we have eureka moment it will be too late. will be able to pull the levers? >> i think you can see some of the flaws in a.i. to work now. they have a lot of work to do to get this fully efficiently so we have a lot of time to work that out. i think the benefits outweigh the risks. >> talk about the stock you like, i love this quantum stuff this is a quantum play, form

factor. this is one hell of a move. this certainly outperformed the broad market and not back to its ol' high. is it time to buy this one? >> the reason i like this stock, they are creeping up for me. they have cryogenic systems. they cool quantum computers as they're doing multihigh speed data processing. the only company that does this super micro up a million percent. up 300% this year. you had the price outlook chart up earlier. is arguably the second one in that space. they also test the validity of chips. they work with companies like nvidia to check the quality of chips. so they're in a good spot. charles: you said enough to convince me. >> thank you. charles: congratulations. you have been killing it. wall street is chasing a.i. there are powerful voices on the street that still hate this rally. i mean i got to show you, of course you probably know some of these folks. jeremy grantham, he is saying hey, the bubble is here.

it's going to burst, eventually it is going to burst. morgan stanley's mike wilson, the guy has won strategist of the year every year for last three or four years but he has been wrong, really wrong for a long time and he sees no reason to raise his s&p 500 target. my next guest says history suggests there will be sort of a digestion of these gains and then a 100% track record of rallying over the next 12 months. i want to bring in cfra chief investment strategist sam stovall. sam, walk us through the scenario, when you've seen, where we come from, how we digest these gains, and the next leg higher. >> hey, charles, good to see you again. yes on january 19th of this year we recovered all we lost in the bear market of 2022. going back to world war ii the market tended to continue to rise after recovering all from the prior bear by about five to 7% over a one or two month period but then it stumbled out of exhaustion into a decline,

averaging about 8% but never more than 14 and then after that resetting of the dials, if you will, the market was higher 100% of the time after bear markets that were less than 40% like we were back in 22. we were up more than 12% 12 months later. while that is not guaranteed it is and encouraging one heck of a statistic. charles: you say to the audience, these rallies have tested and there is digestion period. you don't want to blink and maybe be a buyer on the dip? >> absolutely i would much rather buy than bail. certainly there is frothiness out there. if you look to the cnn fear and greed indicator last week it was at extreme fear. the aaii membership poll just recently said that the bullish percentage was usually high and then when you look just

listening to all of the strategists who like leapfrogging over one another with increasing their price targets on individual stocks or the market itself i think it indicates that we are due for some sort of digestion of gains. charles: you know, it is interesting though, there has been this steadfast opposition to this rally on wall street that kind of made me more excited than anything contrarian from main street. sam, let's talk about your ideas with the audience. dte energy, symbol, dte, summit materials and starring ga resources. this is a name i don't think we're familiar with a lot of folks. >> i chose the stocks because we have buy recommendations from a fundamental perspective and they're showing very positive cyclicals. i say that fundamentals tell you what but technicals tell you when. targa resources is a u.s. based midstream logistics company. because of increased u.s. gas processing and with western

europe continuing to unwind its dependence on russian gas i see this stock as being a winner. charles: summit materials? >> okay, construction materials company, not surprisingly. robust long-term underlying growth trends as well as attractive valuation relative to its peers. charles: dte energy. >> okay utility, multiutility. should benefit from a recently favorable rate case ruling and also it has long-term positive earnings and dividend growth expectations. charles: yeah. by the way, sam, i'm starting to really, really love these utility plays as a play on us running out of energy to power this a.i. revolution. hey, before we about, i have less than 30 seconds to go, what is your biggest concern right now? >> well i guess the big, very big concern is what we cannot forecast which is geopolitical in nature it. the expand expanding of the middle east tension to include

hamas on the northern border with israel. also just by how much will the sabre-rattling be coming out of russia indicating nuclear weapons, et cetera. those are always concerns for me. charles: sam, thank you very much, my friend. you are really great. we appreciate you sharing it. it is really good also with the new ideas. >> thank you, charles. charles: something off the beaten path with someone with a long track record like that. they poked fun at him. remember that taco bell at him. everyone had a lot of fun at scott martin's expense but guess what? he was right. he is with us next. ♪. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic.

rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. things will go wrong for your customers. but your business can make it right, with watsonx assistant. ai that can help resolve problems by understanding your customer requests with 90 percent accuracy. let's create customer service in service of customers, with watsonx assistant. ibm. let's create.

to advance the future of golf, pga of america chose t-mobile for business. with a 5g powered innovation hub to analyze player performance and expand coaching tools. take your business further with america's largest 5g network. you can cashback 5% on travel purchased through chase with freedom unlimited and... buy better plane seats. switch to a king suite. or book a silent retreat. silent retreat! oh! hold up! earn big with chase freedom unlimited with no annual fee. how do you cashback? when enamel is gone, you cannot get it back. but you can repair it with pronamel repair. it penetrates deep into the tooth to actively repair acid weakened enamel. i recommend pronamel repair. with new pronamel repair mouthwash you can enhance that repair beyond brushing. they work great together.

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. municipal bonds don't usually get the media coverage the stock market does.

in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. her uncle's unhappy. 1-800-217-3217. i'm sensing an underlying issue.

it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. ♪. charles: well turns out my next guest was way ahead of the curve when he started pointing out how ridiculously expensive it is to eat fast-food. his keen observation didn't sit well with the mainstream media. he became a target. >> admittedly inflation is, yesterday i had a nice lunch at taco bell. cost me $28 for taco bell at lunch. people need to pay for those things, getting jobs, getting

active in the economy. >> wait a minute, you spent $28 for taco bell for yourself? >> for lunch it is true. >> that is a lot of. >> this man said he spent $28 at taco bell. he need as well insist check. the police go out right now. charles: i have to admit that was so funny i was cracking up for days. since then there have been some other postings have gone viral, including the big mac meal, that one 18 bucks. a week or so, ago, five guys, it wasn't even lot, one bacon cheeseburger, regular soda, a little fry, not even a big fry, $24. joining me kingsview wealth management investment officer scott martin. you tweeted that out. you talked about that october of 2022. they laughed at you. they made fun of you. now everyone is posting these

things. you were so far ahead of the curve you now feel vindicated? >> i feel vindicated better after i digested the food i had and you're right, we were ahead of the score as far as fox business, telling american people, telling joe biden, telling the administration, they didn't know it at the time, inflation especially on food is out of control. funny nowadays, charles, you have go anywhere have a nice lunch at taco bell, 28, 35, $40 on lunch if you're not careful. food prices are out of control, the key takeaway, they're not coming down either. charles: that was crazy, on grubhub, regular stuff costs so much money. you mentioned the biden administration. more serious note, 18-dollar big mac woke everyone up. they tried to circle the wagon. conservative commentators linking big macs and biden inflation. of course they have. talk about how policy, how does

that work? how does policy eventually affect the price of a cheeseburger? >> well let's see. how about regulations on businesses. oh, my goodness. state of the union operation last week, or state of the union episode at you want to call that exposition, taxes on businesses are all going up. regulations like i mentioned too. the fact that supply chains are constrained, international relations are not good. all these things coming down the pike, have come down the pike so far are things that go into, yes, mom and dad that expensive big mac you pay for. the administration talking about everything they will do for the consumer and everything they will do against american business is killing the consumer, killing the prices theside of say a big mac. i want to wonderful house on my way up florida, 24-dollar breakfast at my favorite waffle house in the world in georgia. this will not get better as long as this administration is in charge.

charles: by the way, folks, next leg of war on capitalism and america, are farmers. if you think your prices are high now, wait until they go to war with farmers. you like areas of interest, pharmaceuticals, industrials, consumer cyclicals, financials. you're moving away from all the sexy stuff. we're doing a segment with dr. siegel later on pharmaceuticals i like you mentioned that. why consumer cyclicals, why there? is this part of the conversation we're having? >> for me unlikely to move away from the sexy stuff but for you i will do that industrials, financials, cyclical stuff globally has been kind of left behind. there has been points, there have been times things come out and things lifted those boats they crash again, they go down. sexy stuff, tech, all the consumer discretionary turned around as well or turned back up. in my mind we have to look at valuations today. the market is getting a little

extended. getting euphoric. there are great things in tech. for ideas i like caterpillar on the industrial side. i still like the regional banks my man. we talked about these a lot, fifth third, companies, kbe, regional bank index, comerica is one we owned since the banking crisis of yesteryear. those are areas you can find really good valuations here, reasonable prices, good upside, dividend in the stocks comparable to where the 10-year treasury note is. charles: before, real quick, when i hear someone say i like pharmaceuticals, i like the drug companies, essentially they say i like eli lilly or novo. >> really? charles: any other areas you like in the space? >> there are. it will sound crazy, one of those things darkest before dawn. i like merck, not as bad as the second one, brace your ears, bristol-myers. pharmaceuticals are developing nice thing outside of eli lilly. merck around bristol-myers on

valuation basis, looking at cash flows and balance sheets, companies versus eli lilly which we do own, we still have lily for our clients we like those names to catch up to some of the big guys in the industry. charles: ironically, a little controversial right now. they haven't done much except they're like lumbering giants. we'll see if they can pull it off. scott, ahead of the curve, i won't ever doubt you. >> please don't. thank you. charles: meanwhile the house approving a bill cracking down on tiktok. my next guest says forget tiktok. she is a lot more concerned about the u.s. government spying. carol roth is here to explain. ♪. you know, when i take the bike out like this, all my stresses just melt away. i hear that. this bad boy can fix anything. yep, tough day at work, nice cruise will sort you right out. when i'm riding, i'm not even thinking about

my painful cavity. well, you shouldn't ignore that. and every time i get stressed about having to pay my bills, i just hop on the bike, man. oh, come on, man, you got to pay your bills. you don't have to worry about anything when you're protected by america's number-one motorcycle insurer. well, you definitely do. those things aren't related, so... ah, yee! oh, that is a vibrating pain. as an independent financial advisor, i stand by these promises. as a fiduciary, i promise to be the financial steward that you and your family need. i promise to put your long-term financial well-being above any short term transaction. everyone has a big picture. my job is to help you invest in yours. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals.

visit findyourindependentadvisor.com business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities.

(inspirational music) - [narrator] wounded warrior project helps post-9/11 veterans realize what's possible. with generous community support. - aaron, how you doing buddy? - [narrator] we bring warriors together and empower them to become stronger inside and out. - it's possible to begin healing - to get the help you need. - to find peace. - [narrator] and as each warrior's needs evolve, so do we. because these last 20 years are just the beginning.

charles: one of the greatest movies ever made, i want to talk about the iconic chariot race that takes place in it in jerusalem. the 1959 classic "ben hur," the most cinamatic. 78 horses from italy, yugoslavia, were brought into the scene. preparation was took a year. it felt like you were in the chariot. charlton heston who played juda "ben hur," with his childhood

friend in nine laps. it was 15 minutes out of a movie. it was simply breathtaking. it today, stands the test of time. the main reason i'm talking, showing you, it popped in my head when i was looking at charts, not of individual stocks, not even the stock market but government spending in february. we're talking epic government outlays, folks. more than double the receipts. 567 billion in spending, 270 billion in receipts. your deficit? try almost $300 billion. that's right, so amortize that, guess what? $3.5 trillion in a single year!, in a single year. my next guest warned about this. she told us this would happen for years. i want to bring in the author, you will own nothing, carol roth. this is, i know you talked about it, you warned about it but we're here. what are your thoughts because we keep hearing it is unsustainable but it keeps getting bigger and bigger? >> that is the craziest part of

this, charles, everyone and their brother has said the fiscal trajectory of the united states is unsustainable. we have had the ratings agencies do something historic in terms of the downgrades. the fed and jerome powell said it, the treasury said it, the imf said it, the cbo said it. individuals like jamie dimon and you and i everybody knows this but there is absolutely nobody doing anything about it. the fiscal foundation of this country is broken. as you said, you annualize those deficits we're talking about something that would exceed 10% of the gdp. last year in the seven to 8% of gdp range we were already at deficits of gdp more than two times the historic average which never happens when there is growth. so we are sitting in a situation and the "ben hur" reference is perfect where we're rushing toward this is cliff. we just don't know where that end point is. charles: right. >> if we don't get somebody with the fortitude to do something, this is going to impact us in

terms of runaway inflation, which we have, we know we've been dealing with or something even worse. charles: you know, the sad thing about it, once you go off the cliff there is no redo button, right? >> right. charles: we can't stop it. i fear we're going to get there. part of this boondoggle, the administration wants to give potential homeowners cash. it is just again nuts. it does remind me of the time president obama bragged, bragged about kicking the middleman out of student loans, remember that? from here on out we'll rubberstamp, them the federal government. guess what? the average tuition, it was about 7% less than where it is right here. we have it up on the screen. it went sky-high. we started pumping this stuff always makes it more expensive. why do you think they always go down this path? >> it is a dollar giveaway. people who are financially illiterate they think something

forenothing and they don't understand money and how they will pay for it. think about the stimulus checks happened under biden, happened under trump, we all of us with any economic break down, don't take the 1000-dollar check, you will end up paying $10,000 the rest of your life each year for doing that. we don't have people understand fundamentally what money is. it is a proxy for productivity. when you don't have that, you have somebody offering something you take it not realizing you're making a bargain with the devil. charles: we've come a long way from a chicken in every pot. let's stay in d.c. for a moment because i want to get your thoughts on this tiktok controversy. >> yes, so obviously i don't have tiktok on my phone. it has been alleges to be spyware, so i have taken that pretty seriously but from my perspective, i think it is pretty funny that the u.s. government wants a monopoly on the spying. we have had issues with them colluding with social media

companies to keep, you know, to keep people down. we have this huge program with the financial crimes enforcement network that is trying to collect information, mass data on small business. so why is it that the u.s. government are the only ones who get to spy and nobody else does? but seriously speaking i think it is funny, i feel like we're in this loop, this groundhog's day, we've been here before. i just worry about overreach. why is this not more narrow? if you're concerned about ccp ownership, why doesn't that piece apply to them owning real estate or farmland in the u.s.? it just seems like a conflation of issues. we know with the government no good deed goes unpunished. whatever comes out of this bill could end up impacting a lot of folks that we expect it to. we need to be really, really careful when it comes to something like this. use common sense, don't put things alleged spyware on the phone, unless of course it is the u.s. government spying on you.

there is nothing you can do about it. charles: you be a good citizen. carol, talk to you soon. thanks. one thing i'm so sick and tired of hearing economists they just won't stop. they say the u.s. american american consume is strong. it is simply not true. wealthy consumers are strong, strong like bulls. we have a proof of that today, case of two retailers and their shopping. williams sonoma, sales are soaring, hiked their dividend by 26%. one billion dollar buyback. on the other hand, look at dollar tree, they are getting crushed. they have no dividend. they're closing 1000 stores. bring in lonski group president, john lonski, aggregate data, nothing pisses me off more than aggregate data, when they say the consumer is doing great. break this down, nobody is doing great. all the income shifting to the wealthy, when you put it on the

scale. like the same number, but in the the same reality. >> washington doesn't want you to know that, we have data engineers, data experts, we're still presenting data as though we're back 20 or 30 years ago. charles: we know. we can nuance that. we understand how individual households are feeling. >> give us the median estimate, okay? for family income on a monthly basis, why can't you do that? so we would have a better handle what is happening with the middle class. charles: i think two things, politically you can brag, hey the consumer is strong, households budgets are this, household balance sheets are that but 308 sy, they use these numbers, not just the white house, the federal reserve uses this data for policy. i tell everyone before the fed will be really worried about the economy, if you think about it, you use aggregate data, very richest people in the country will have be to be hurting. what does that mean for the rest of us? >> it means we'll be hurting even more if you're middle class or lower.

it also tells us perhaps the fed is waiting for this equity market to reverse course, waiting for a nice five to 10% decline. the fed can't be pleased by the fact that bitcoin is rocketing higher. i will add, this often gets overlooked but we look at junk bond yields spreads what is going on with corporate credit. those things are razor thin. it is incredible. the outlook for the economy, from the financial market perspective is very, very positive and the fed's not going to hike rates as long as we have equities rallying. charles: cut rates. >> excuse me, cut rates, as long as -- we have these very narrow spreads in the corporate credit market. charles: i want to get your feedback on a conversation i just had with carol, that budget, $7.3 trillion up 44% from pre-pandemic that was an emergency, that was a once in a century emergency. this is like we're at war with someone. >> never before in u.s. history have we had the federal deficit at 6% of gdp in a peacetime

economy. a war is not going on. one of the reasons why the economy did so well in 2023 is because of massive government spending, because of this unusually high-def sit relative to the overall economy. remember last year the economy grew by 2 1/2% for the entire call star year. at the same time, what did rael government spending grow by? 4%. where did we find strength in consumer spending, areas like health care that are effectively funded by the u.s. government. charles: same things with the jobs market. if you look at the real growth in the jobs market it is either state and local or those areas subsidized heavily by government. i have a minute to go, we have a 30-year bond auction. it went pretty good. we still benefited from being the united states, don't we. looker at the rest of the world we're stilling to buy our debt, making foreign direct investments in america. i worry about us squandering that? >> what i worry about sometime

in the future we find that the u.s. dollar is no longer the world's principle currency. we find that the u.s. treasury bond market is no longer used as a benchmark for credit globally. charles: right. >> once that day arrives we're in big trouble, we'll pay a very high price for these gigantic deficits and high levels of u.s. government debt. it us at that point we could see yields really take off, go skyward, in response to the u.s. economy enters into a very severe recession. charles: zimbabwe, here we come. great stuff. >> same here, thank you. charles: the bitcoin rally is making millionaires day and night. my next guest says, it is just only going to get better. dylan leclair is here. talk about someone who was at the forefront? still lan was and he is here next. ♪.

hi, i'm sally. i'm from phoenix, arizona. i'm a flight nurse on a helicopter that specializes in trauma. i've been doing flight nursing for 24 years. as you get older, your brain slows down and i had a fear that i wouldn't be able to keep up. i heard about prevagen from a friend. i read the clinical study on it and it had good reviews. i've been taking prevagen now for five years and it's really helped me stay sharp and present. it's really worked for me. prevagen. at stores everywhere without a prescription. ♪(sung) limu emu and doug.♪ hello, ghostbusters. it's doug... ...of doug and limu. we help people customize and save hundreds

on car insurance with liberty mutual. anyway, we got a bit of a situation here. uh-huh. uh-huh. mm-hmm. sure, i can hold. only pay for what you need. ♪(sung) liberty. liberty. liberty. liberty.♪ ghostbusters: frozen empire. in theaters march 22. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. the best advice i ever got was to invest with vanguard for my retirement. the second best? stay healthy enough to enjoy it. so i started preparing physically and financially. then you came along and made every mile worth it. hi mom. at vanguard you're more than just an investor,

you're an owner. helping you prepare for today's longer retirement. that's the value of ownership. somebody would ask her something... ...and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason... ...we've been the brand leader for over 75 years. when i finally could hear for the first time, i could hear everything. celebrate world hearing day... ...with our limited time offers at miracle ear. call 1-800-miracle now.

her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. (announcer) frustrated with your weight and worried about your health? it's time for golo, the natural weight loss solution used by over five million people. get started with your free golo for life plan and learn the facts about willpower, your metabolism,

and how to achieve lasting weight loss. this highly effective plan is a must-have for anyone who wants to lose weight without starvation dieting. head to golo.com now and get the golo for life plan delivered right to your door. no credit card is required. it gets better. act now and you'll also get free instant access to mygolo.com for community support and coaching on your weight loss journey with no monthly fees. with golo, you can lose weight without ever paying for online diet support ever again. head to golo.com now for your free copy of the golo for life plan and free mygolo membership. join the 40,000 people a week starting on golo. head to golo.com. that's g-o-l-o.com. ♪. charles: well unless you live on mars you know that bitcoin has been on fire. heck they might even know about it there. not only can wall street no

longer afford to dismiss the cryptocurrency and the crypto movement itself but the street has to get in the game and that's what they're doing. meanwhile this rally is generating 15 million wallets daily. my next guest has been at the forefront of all of this. i'm sure his advocacy helped create some of those wallets. we have uto management director, market intelligence and bitcoin institution league, dylan leclair. you keep adding thee titles, we need a two-hour show just to introduce you. >> good to be back. charles: good to have you back. you've been pivotal in all of this. i see this movement as an extension of the american dream, achieving prosperity. we talk a lot on the show what is being offered right now. one big government with a lot of handouts. the other one saying hey we'll set it up so you can do it yourself. what are your thoughts on that? >> bitcoin is a row test of the absolute fiscal bazooka of federal government, 10% of gdp

there, is no escaping this. -- 130%. i don't want to get debased. i want to hold something absolutely scarce. i don't want it stolen by my government. this is a global phenomenon. it is not just u.s.-centric. charles: it is a global phenomenon. a 24 hour a day phenomenon. i saw a tweet. they took a shot at michael saylor comparing minimum to nelson bunker hunt. for those not familiar with nelson bunker hunt. he was huge growing up. once the richest man in the world. cornered silver mine. federal government took actions. they cracked him pretty bad. he scrambled back up by the time he died but wasn't rich in the world. samantha said bitcoiners should be aware who they worship, suggesting that michael saylor is a modern-day bunker hunt. your thoughts on that? >> yeah, generally unwise to

hoard a market for industrial commodity. here is why. here is a thought experiment for it. imagine a sovereign took a trillion dollars attempted to buy you will up the world's oil or all of the world's copper for instance. the price would surge and then what? all of the industrial producers, industrial miners, frackers, this could be any commodity would absolutely flood the market with new supply, right? the supply relative to the outstanding float or above-ground supply would be enormous, right? so this would what? this would drive the price down. there is a general rule, the price of any commodity trends towards its marginal production cost. there is a profit incentive. when we're talking about commodities, industrial commodities or monetary commodities there is only one commodity on the planet no matter how much you you try toah resource throw at it no more supply is introduced. that is bitcoin. first time bitcoin was 69,000

compared to now, it takes 400% more units of to compute or hash rate, right? mining difficult is four times higher than it was in 2021. which means that the marginal production cost of this thing while not uniform in any sort of way, depends on energy prices and any other inputs but the marginal production cost of bitcoin has never been higher than today. unlike silver, unlike any industrial commodity. bitcoin is 100% pure monetary commodity and it is absolutely scarce. so by cornering, analogy to the hunt brothers and silver market is a nonstarter. it is a complete misunderstanding of actually what is at play. charles: i got less than a minute to go, 30 seconds. one thing i see you often tweet about, make sure that you self-custodian. for those unfamiliar already how that works how do you go about doing that? someone wants to buy bitcoin today and follow your advice as

self-custodian? >> the beauty of bitcoin this is open source movement. etf flows, institutional custody is great on boarding massive pools of money, the average user has the opportunity to acquire bitcoin, self-sovereignty anywhere on the planet with mathematical certain think they own the thing. it is the first thing ever we had like this. it is truly magic internet money. it is a steep learning curve but i encourage everybody dip the toe in and start the learning process. it is a worthwhile one. charles: tell you what, the first step should be following you on twitter and some different ventures you do, because you helped so many people. right now it is rocking and rolling, you should be proud, dylan. thank you very much, my man. >> charles, appreciate it. charles: folks i want to show you that chart, that chart you're looking at brought a tear to my eye. wait until you tell you about this because there is a lot of miracles happening, not just, not just with weight loss. dr. marc siegel here to help break it down next.

♪. get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management.

students... students of any age, from anywhere. using our technology to power different ways of learning. so when minds grow, opportunities follow. ♪ when it comes to investing, we live in uncertain times.

some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire hey you, with the small business...

...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts.

charles: we talked earlierbiotee and the weight loss drugs sparked a new gold rush for different treatments. there have been major breakthroughs in a lot of areas including assisted fiber six in this article beautifully describes an early death sentence, now patients their monks become clear and they say they can run and run after their children, even marathons, joining the professor nyu langone fox news medical list doctor siegel. the part that caught me on my chart and look at a chart in the pregnancy the folks with

assisted fibrosis the living life and embracing life as we don't hear about this or talk about this or somebody wonderful things going on in your area in the area of medicine this is a miracle drug, it is three enzymes that counter the genetic abnormality and 30000 people of the united states that lead to the clog with mucus where they can stop coughing and they can't breathe in there going on to lead normal lives, this is typical iceberg and all kinds of other treatments now from peripheral neuropathy with diabetes infecting 5 - 10000000 people were were using genetic therapies and genetic editors and proteins to correct the abnormalities. >> a few years ago marijuana was being talked as a miracle drug particularly as the legalization was going on now more recently earlier this week article 25% of daily users have seen likely a

heart attack. have you thought about this for a while like the pros versus the cons. >> all look at it this way three letters thc, marijuana is not what it was will m you and i wee kids now 30% thc that impacts the heart directly tar and marijuana instead of the nicotine you have thc what does it do it increases your heart rate and your blood pressure and what does that lead to heart attack and stroke this looked at 400,000 people at the american heart association this is a dangerous drug are there medical uses, yes, i could get the same use without the thc. charles: i would've put up a list getting ready for the segment throughout history the ten most important drugs in history at the top number ten the number one, penicillin is there anything a pipeline that one day could be on this list

with sickle-cell anemia and if we could snap just an editor it's a gene that mutated before causes of problem and not only changes things that you inherit, almost all diseases, i'm looking at that genetic treatments are going to be right up there with penicillin, the two scientists that work on it won't want to do about price and the stock was hot it's come down a little bit this is the first area and general. we talk a lot about technology and the roaring 20s in a new way of life and the money trail, how much does it cost for what are these things is extremely expensive the more it comes to

common use the better we are. charles: before i let you go let's talk about the one that is having the biggest impact around the world on the money and everything were talking about the weight loss drugs they lived up to the hype, two things obviously the cost is supply what is ultimate impact from these. >> a huge elephant, novo nordisk did not mark has taken over the whole country with the drugs, ozempic, wegovy, eli lilly cayman with that bound million dollar drug that's looking at gip that will cause you to make more insulin and glp-1 which causes you to digest slower and decreases hunger in the brain. they work but there's other kids on the block, altimmune in china has a company getting involved in their going to look at the glucagon which cause you to get your sugar out of the body more effectively. it's all about efficiency how do we digest food and stop hunger

and have smaller meals these drugs are enormous home runs in a very sanitary society. >> living longer and more productive society i think it could be a trick another impact on our economy alone 30 change entire country of denmark. viking therapeutics have you looked at that one they have some early stage take a look at that. >> i always learn from you if i follow your suggestions i would not have to work. this is amazing stuff, we talk about a.i. all the time this is have an impact on human beings. >> a.i. can be involved and help us devolve these drugs faster. charles: here is a thing. this is what you have to consider when you want to say change who we are as a nation if you want to upset the apple cart, it's really nuts i know we have a lot we can do in this country to make it more fair or seem more fair. the bottom line we are the

nation that does so much for the rest of the world. on this topic. institutions discovered or co-discovered drugs in the last year, take a look at the chart this shows you who we are as a nation to what we could do as a nation, 66% of the united states 66% 5.4% out of canada, 4.7 out of germany, 4.7 out of the uk to nobody time to her politicians say we should be more like germany and more like the uk, those are great countries but with united states of america this is where it all happens. i'm really worried along the way were going to forget that and if we do we go somewhere else and do something different forget it regret it, longer lives in living better because were an amazing country. in part because ashley webster. always gotta get you in on a tease, and for liz claman today. ashley: is going great, you could not be m