we've shown that the probability of a june rate cut has been a very good parallel indicator of mag 7 versus the broadening. and, of course, we saw the year with over a 100 chance we'd have a rate cut before june and then another rate cut. i think it's down to about 60% now. charles: right. by the way, we're twoark to put on the screen the dividend stocks that you like. we're running out of time, but it's a breath of fresh air, right? realty income, federal realty, in this real estate space. folks, dividends are going to come back. they're going to be something you're going to want in your portfolio. hey, jack, we always appreciate you. talk to you again real soon, thank you very much. i say that as i hand off to my colleague, liz claman. liz: yeah. listen, green is great, right? charles: we'll a take it. liz: charles, thank you. look who's here, blackrock's larry fink live in studio.

we're talking market bubbles, where with does he see them, how he's guiding his team to invest around them. we will talk infrastructure investing in the wake of that baltimore disaster and tragedy. and probably one of the most important and and urgent issues for our audience, smarter ways to the save for retirement but how to start right now. finish all right. first, let's get to the markets quickly. green on the screen for all four majors, the dow looking pretty healthy, 295 points to the upside. so the russell is the biggest percentage gainer up about 1.5%. nasdaq, i'd say it's wiggling a bit, it's up 7 points. the recent rock star, nvidia, maybe that's the problem, it's all the way at the bottom of the nasdaq 100. s&p, as you see right there, up about 18 points. speaking of which, we are coming up on the end of the month and the end of yet another winning quarter. the broader index is on pace for its fifth winning month. and flint over quarter to -- flip it over quarter to date, the s&p has a gorgeous gain of

9.5%. if you stretch that out over the past year, the 311% runup eithes fabulous or worrisome. what does the world's largest asset manager new e right now? blackrock chairman and ceo larry fink is here, and we're also joined by charlie gasparino. charlie. >> now, before we get into macro stuff and that amazing letter that a you put out, i really enjoyed it, and infrastructure actually plays in that letter, so we should talk about that. >> yeah. >> i notice that donald trump budgets said my money manager, larry fink, made me a lot of money. >> yes. >> you were in the white house with him. you had a lot of this is djt, the new stock, as you know. everybody's talking -- the stock has an amazing run, and i think

in a spac, you know,. >> not exactly the blackrock board. >> but i believe there's some covenants. i don't know. most spacs have covenants. >> if there wasn't, would you sell right now? >> i don't know enough about the company, you know, so i'm not going to -- i would recommend him noting asking metaquestion. [laughter] liz: larry. >> so you would give him no advice? >> it looks high to me on every metric are. it looks like a very high stock price. but, look, there's a lot of momentum going on there. time will tell. by every metric, it's very, you know, it doesn't make any money. by every metric it's a very expensive stock. >> you don't expect a call from him, right? >> i would take his call, and i would give him advice if he asked, but that advice would be

private, charlie. >> okay, thank you. liz: larry forget about a some of the ipos recently, the s&p is, we just showed it, to some it looks very much like a bubble, and it has the characteristic ofs of a bubble. not just the s&p, but this entire market. it's getting frothy, it's good what many would say is a compelling story, that would be a.i.. with what kind of meetings are you having at a blackrock about how to invest around what could be a bubble bursting? >> first of all, i don't think it's a bubble. if i think we're seeing more validation with stock prices. we're seeing earnings momentum in a lot of companies. even today you cited the russell. the russell 5,000, when that goes up more, they're starting to tell you there's more breadth in the marketplace. historically, we looked at so much of the gains in seven stocks, but actually the breadth of the market is expanding. to me, that gives me a good sign. when i talk to ceos and businesses, probably 80% of the

companies that i'm talking to are seeing upward momentum. >> in earnings and stuff like that. >> earnings, revenue growth, margins -- productivity is up. let's be clear, productivity fell during covid when people were working from home. people are back in the office, productivity's increasing. product it is a good sign for expanding margins. and so, look, we read the newspapers, we listen to television. it's full of negativity. liz: right. >> and at the same time, we're with having record stock levels -- can. liz: listen, i love when end goes up too, but when all assets are going up, gold at an hull after -- all-time high, bitcoin which, of course, you know abou- >> yes. liz: all of these assets are just spiking no matter what the news is. >> i think there's strong reason for the united states to have the more momentum if than any place in the world right now. the innovation in technology, the innovation in energy stocks in terms of oil discovery and

extraction. so there are many reasons why we're seeing greater productivity. and there's really great opportunity. but, or you know, my letter e talked about a retirement the. >> right. >> retirement is not something about whether the market's up or down any one quarter -- liz: yeah. long term. >> we can't be confused about, you know, one stock or a market over a quarter with. this is for long horizon. and i said this is a crisis in the world today. there's a crisis because we're spending so much time today talking about the miracles of medicine. there's not a day that you don't read or aeroabout new wonders os of some of these weight loss drugs. what they do in terms of eliminating much of the kidney disease and liver disease and heart disease and joint disease- >> so you like ozempic, huh? you're not on it --

[laughter] >> i'm not on it. no, charlie. [laughter] but i know many people who are. liz: headline, larry fink -- [laughter] >> but let's be clear, it is extending life. >> yeah. >> and something that i'm also a aware of some of the new therapies for dementia, how it's extending the period of time when it really gets advanced. >> we have friends that -- >> yes. so we're spending more, we're going to be living longer. >> larry, what i love about you is you do take that the long-term view -- >> always. >> you always have. >> always. >> your letters are must-reads because of that. but we do live in a short-term -- >> we do. and more than ever. >> more than every. -- ever. okay. >> but that's the dilemma, how do you transcend today -- >> we'll do that in a minute. now that we're in today, i want to talk about -- you and jamie dimon, jpmorgan, the ceo -- the two biggest guys on wall street, but with you're kind of thein and is yang of predicting the --

yin and yang of predicting the future. jamie is very negative -- well, not very, buts mystic. he would say fed rate hikes are coming more, something's going to happen with the economy. because of that, you -- i mean, listen, you nailed the fed rate hike stuff -- >> yeah. >> and i think you're going to nail it going forward, at least two more. >> probably two more. >> why don't you see that having a deleterious impact on the economy expect markets? >> because most of the viewers who own homes, they own homes with a 30-year mortgage. they're not impacted by higher rates. and so we, the transmission of high rates in america are much more elongated because the average a homeowner not impacted. and most places in the world homeownership is a a adjustable mortgage of some place sort, and it resets all the time. so we have the entire mortgage industry is the that's having, that that has a 30-year mortgag- >> it sort of cocoons, you're say, the consumer to -- >> it brings down the volatility

dramatically, and it really gives us that a -- two, we have corporations that have done a very good job extending maturities. if you look at the credit markets today, you do not see companies being stretched -- >> right. >> now, some of the private credit areas you're seeing more and more small companies, and i think this is the tale of two parts of the economy. the big with, large cap companies that are a part of the s&p are doing quite well -- >> so they've the managed their balance sheets well. >> absolutely. >> so the fed, want to nail you down -- >> yep. >> prediction on the fed. >> as a i've said now for over two years, inflation is going to be stickier. i still believe inflation's going to be stickier. but i do believe the federal reserve will have room to test the economy, to test the markets, one -- well, depending on what happens between now and

june, but if everything materializes as we think there will be, they will do an easing in june -- liz: okay, you just said maybe. >> well, it's always maybe. liz: i know, i understand that. but we felt, at least as we look at all all of the data which is still coming in strong for the economy -- >> absolutely, yep. liz: that there may be just one. and rafael bostick of the atlanta fed came out and said one, one rate cut this year. >> maybe -- i'm not uncomfortable with that prognostication. earlier this year, and i think the last time on the show, there were many people talking about six, and i said is i think on this show as being two then, and i'm still saying two. but if i had to have a bias, i would say one over three. >> right, right. liz: what assets have surprised you? >> i'm sorry? liz: what assets in the last, let's say, six months have surprised you? an obvious one might be the a.i.-related stocks, big tech, what else? >> some of those a.i. stocks,

their earnings are actually validating. like, nvidia's earnings are validating some of its stock price. now, it's trade thing at a 30 pe and arguably was growing faster than that, so let's see how that continues on. look, i'm very bullish on the long-term viability of bitcoin. >> i was going to say, did that surprise you? >> that surprised he me, how much that's gone occupy. -- up. we're creating now a market that has more lieu quiddity, more transparency -- liquidity, and i'm mess saintly surprised and i would have never predicted it that we were going to see this type of retail demand -- >> so you thought you'd cogood, but not this good. >> i thought -- yes. [laughter] definitely. liz: ibid is your etf over at ishares. >> yes. liz:@about to over-- it's about to overtake gray scale which was in the business certainly a lot longer. you look at the gains since january 11th when it first came about -- >> yes. liz: -- have you ever seen this much inflow this quickly into --

>> it's the fast growing etf in the history of etfs. nothing has gained assets as a fast as it. liz: so ether is next with an etf? >> we'll see. that's under registration. >> okay. so let's just not talk about your product, talk about ether. the sec, there's lots of noise about a them declaring ether a security which would take it out of the bitcoin category as a commodity. how does that tran late into an etf? >> -- translate? >> look, i really can't talk about it, but i don't think that designation is going to be that -- >> really? even if it's a security, you can start an etf? if. >> i think so, yeah. >> that's wild. liz: so we've got a financial locomotive heading towards a cliff, and that is retirement. >> oh, that cliff. liz: we're going to talk more about that in just a minute. as larry said, he's not on ozempic, but many americans are, and that is already proving to extend their arrives.

but are retirement funds keeping up with longer life spans? larry fink is sounding the loudest alarms to date. but he's pairing the urgency with a fix from americans -- for americans. larry's retirement solutions right after the break. is and when we talk about the dominant players in the weight loss spacious eli lilly, novo nordisk, look how they have skyrocketed. novo's gained 66 while lilly has zoomed up 129. more with larry fink on "the claman countdown" after this very quick break. ♪ investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way.

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liz: we are back. one of the most widely read shareholder letters on both wall street and main street just came out, headlined time to rethink retirement. that's a nice headline, but when you go into it, larry fink outlines not just how to rethink it, but to take action. and that includes looping in the capital markets. back now with blackrock's larry fink. listen, this is a national priority, at least it should be, or it becomes a national crisis, you say. >> i i think it's a global priority, because leaders in every country, whether it's a developed country or a developing country or focusing -- how to we prepare our citizen is citizens? -- citizens? and more importantly, in the countries that have small but growing capital markets, they see the power of the u.s. capital markets. they see the power our capitalism, and they are trying to to develop a retirement system that will then fund their capital markets and grow their capitalal markets. liz: when you talk about capital

markets, compounded since the s&p was created, 1957, it has returned annualized returns of 10.26%. i mean, that's amazing. >> that's why -- liz: is that what you are saying has to be done now? >> we need to be focusing on the long term. >> granular standpoint, just from a company -- because we work for companies and that that's how we -- how do they do it? are are you saying ditch the 401(k) and go for a defined benefitsome. >> go. first of all, i don't have any policy suggestions. what i'm suggesting is we need to have a conversation. as a i said earlier, i'm an optimist. i'm an optimist because we solve problems. we read papers, we of watch news, and it's the generally filling negative unfortunate. and it scare ises us -- negative ifivity. and the whole issue of, there's more fear -- i saw something on cbnc that had a very astute guy trying to talk the moderator out of fear and loathing -- liz: into fear of loathing.

>> out of it. he was trying to talk you into it. >> i believe there's more opportunity for hope, and i believe there's more opportunities in the future. but if we don't start talking about rethinking retirement, rethinking how we should think about retirement plans -- liz: well, you've got a plan if called life -- >> paycheck. yeah. liz: talk about this. explain what it is. this is ishares as a well. >> it's a, it is for a 401(k) or the defined contribution plans. a 401(k) plan when you retire, generally you get, you get a, 100 percent of your savings in a lump sum. you reinvest that -- but most people don't even know what to do with i. and people are frighted about can, are they going to outlive their saving. >> and they might. >> and they may.

but, but the more you invest during your working age, the sooner you put some money away during your working age, getting back to your s&p compounding, the higher probability you're going to have a pool of assets, pool of money that you're going if to be able to live with dignity and hope during your retirement age. what life paycheck is, using the same formula of this target date plan where in the early years you have majority of your 401(k) in equities -- liz: you said 9. >> -- and then concern 9%. it's like a 529 college savings man. >> exactly. it narrows the risk. what we do, we ad an annuity to the back end whereby we can then define to you how much is your monthly paycheck. so it's like translating what a defined benefit -- >> i almost feel like putting the blackrock logo,

1-800-blackrock. is this, like, an advertisement for blackrock? liz: and no fees, right? if did i see that correctly? >> there's no -- the wrapping, there's no wrap fee by the insurance companies. >> let me is ask you with one question, another question about this, because this caught me in your letter. it's not about retirement, it's about energy. >> right. >> you basically said this could be, the fact that we're bitcoin mining like crazy, we have all these energy needs, you suggested the lights could go out if we don't figure out energy infrastructure. my question to you is, which i really do agree with, but here is where i didn't see in your letter why don't you just say we need some nuclear power? >> well, that's one of the answers. >> so would you be in favor of -- >> a small nuclear react or to haves? actual -- reactors? absolutely. but that's one of many solutions. we have, you know, we need to be upgrading our infrastructure. most countries need to build their technology and their

infrastructure. if you think about the macro trends, the macro trends are -- if and i talk about this, deficits are becoming very cumbersome. governments are going to need to rethink how they finance infrastructure. there's huge pools of money in the private hands, so we need to be -- and like in most country, they privatized airports. and the performance of most airplanes outside the united states are stronger than they are here. liz: larry, we waited for the government to be that, and unless you're going to be treasury secretary, which you said no -- >> no. liz: -- we need to take that piece out of it because's going to run out in a decade. >> we need to rethink social security and how we're going to fund it. liz: but what can people do today? look, life path is an option. right now, it comes out in april, as i understand it, it goes live. but if you talk about compounding, you look at ivv which is the s&p ishares, even spy, ivv started in 2000. you can see how well it has compounded. i think we have the charts. >> yes. liz: and then the spy started a

couple of years earlier, and that compounding is unbelievable. >> is it that difficult to figure this out? >> no, and that's the whole thing. we spend so much time op on health, we spend in the number time on financial literacy. we need to have more people understand what you're talking about, this whole notion of compounding. we need to have a conversation not about if the markets are going up and down at any pun period of time -- >> good luck with that. business news -- [laughter] >> but we need to be talking about the whole issue that, liz, you talked about, the compounding over years and years and years. liz: meaning start early. >> start early. and whatever you can save. i'm not -- and for some people saving is a real difficult time. so we have 57 million americans right now that do not have any retirement. and so -- liz: 57%. >> 57 million. liz: oh, million. >> that's a lot. >> that's a lot of people. but for those who are part of a corporation and have a 401(k)

plan and a defined contribution plan, the whole concept of focusing on the compounding, believing in -- having hope that the future is better than today, and that has been my whole notion that we with as human beings, we solve solutions. we make things better over time. if over -- and that's why i'm a firm believer. i think in 2012 somebody asked me, it might have been if you, charlie -- >> probably. >> concern asked me what would be your allocation in equity. i said, for me, 100%. >> you're no longer 100%. >> pardon me? >> yourself no longer 100%. >> i am a. >> so that's a headline -- >> no, i'm not. >> how old are you, 70? >> 71. >> we've not to -- by the way, we've got to end it there. but i want to end it on the notion that -- larry fink is 100% in equities at a 71. liz: ooh. >> i'm a believer in our

country, and i'm a believer in our capitalism. and i believe that the in ten years we're going to look back and say these were a good ten -- >> we've got to end it. liz: larry's a great -- thank you. >> oliver stone wants to sit down with you. >> okay. [laughter] >> the good things about nuclear power. >> i'm a bull on it. let's get the permit done. that's the issue. >> okay. liz: our thanks to larry. thank you very much. great to have you. all right, we've got a blow to coinbase as a judge rules the sec's lawsuit against the company can move forward. up next, we're going to talk about what the sec's gripe is with the crypto exchange. the stock getting hit hard, but crypto-related stocks right now, not coinbase, are actually moving to the upside. we are coming right back with much more. dow jones industrials up now 317 points. ♪ ♪ icated... ♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard.

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liz: we've got a fox business alert, gamestop shares sinking 14.75% after the video game retailer said it has to cut an unspecified number of jobs to help reduce costs. the i announcement comes after fourth quarter revenue fell 19% year-over-year. according to reuters, increased competition from if e-commerce firms along with weak consumer spending have continued to impact gamestop. right now the stock is at $13.21. from a video game exchange to a crypto exchange, coinbase shares down nearly 4% right now after of the securities and exchange

commission scored a major win against the crypto platform. a judge ruled that the sec's claim that coinbase engaged in sales of unregistered securities could be heard by a jury trial. following the ruling, a spokesperson for the sec said it was cheese -- pleased that yet another court has confirmed that while the term, quote, crypto, may be relatively knew, the frameworks that the courts have used for nearly 80 years still applies. the sec first filed the lawsuit in june claiming coinbase was operating as an unregistered broker. coinbase falling about 4% right now. carnival stair shares in the green but off session highs. fest it opened in the red, then popped and now is up barely half a percent here. cruise operator reported a narrower than expected loss in its fiscal first quarter, raised its full-year outlook. carnival said the francis scott key bridge collapse in baltimore

would cost the cruise liner $10 million this year. netflix shares falling after wall street firm web bush removes the stock from its best ideas list. analyst alicia reese raised her price target to $725 from $615. right now it's at $612, and kept an outperform rating on the stock, but she said it e will be harder for the stream ther to impress investors this year versus 2023 with the password-sharing crackdown now fully priced in. so netflix has ramped up about 94% over the past year versus disney's gain of 26%. but exactly one week from today disney holds its annual meeting of its shareholders which is turning out to be a high stakes proxy battle between ceo bob iger and activist investor nelson peltz. up next, rich greenfield on whether iger is on the right track with disney+, plus, he

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liz: well, look at a disney. disney is hitting a 52-week high. in fact, it's off the highs of the session. high of the session was $122, it's right at $120.73. this as investors react to multiple headlines. let's start with hulu. today it launches on the disney+ if streaming app in the u.s., so bundle user s or can watch hulu content on disney+. the revamp happening as the clock ticks down to the shareholder meeting in just one week on april 3rd where nelson peltz's trion capital and blackwell capital are vying for board seats. meltz getting a may major endorsement from a an advisory firm recommending that the it

vote for two board candidates. peltz himself and former disney cfo jay very sue low. here now with what he thinks could happen this time next week is rich greenfield. this is, like, teeing up to be -- >> drama. liz: oh, my, you know, dallas meets yellowstone or something. meets hollywood. what do you think is going to happen? >> rook -- look, i think at the end of the day you're going to see -- maybe i should even step back with, liz. what's been sort of amazing is that when iger came back in to disney, he was pretty clear. things were worse than he thought. the linear tv business was under a lot more pressure. the company was struggling creatively are. there's no doubt that having activist pressure has been a boon to disney. i mean, you've seen shareholders flood into this stock excited about the fact that there's activism and that the company is cutting costs faster, pushing new initiatives like investing in epic.

there's just been a flurry of activity that has been very helpful, and i think it's why the stock is at a 52-week high. sort of excitement about, you know, sort of stemming from the activist pressure. i think it'll be with interesting to see sort of after next week what happens, because the key problem, you know, the number one problem that we've been focused on for disney is creatively. the company's creative engines, movies and television, have just not been firing on all cylinders. you've seen them really struggling whether it's pixar or "star wars" or marvel. all of the main creative engines have been struggling. that's not something that any board member -- liz: you know, you just -- >> whether disney's existing or pelting z can fix quickly. liz: this stock was, i between, did it have a pulse last year? people were very concerned about it. >> it did not. liz: since petle comes onto the scene, you know, wow, to see it hit multiple 52-week highs and get its mojo back is pretty

significant. but do you think peltz will get one, two seats or none? >> it's really hard to tell. i mean, you've got split advisory firms, you've got -- disney has rolled out all the guns. the tock's at a 552-week high -- liz: george lucas, yeah. >> i don't know. look, i think the real question is regardless of what happens in next week's board vote, you know, board nominations, the shareholder vote, who's going to succeed bob iger, you know? all signs point to we think it's going to be dana walden being in the lead internally to take over, but this question that disney's been struggling with. and i think if you will be listen to some of the shareholder advisory firms, one of the things they're most critical of was sort of the mistakes and missteps around the bob chapek era. and so getting success right is absolutely critical for disney. you know, do they, should they be looking outside for someone

with more streaming experience? does a creative executive line dana walden make the most sense? if we'll obviously see over the course of the next 12 months, but i think those are the big questions of whether disney goes from 120, much high or, or whether it continues to, you know, whether it sort of reverts back the that multiyear trend which was sort of struggling around 100. liz: do you think this signals that disney with the hulu melding, they're making some moves here, do you think that means diss' on track to integrate -- disney's on track to integrate e espn fully and, if so, what would be the direct to consumer, i guess, version of espn be? >> i think they're going in a slightly different direction, liz. i think, if anything, you know, you walk through jfk or l ark, and, you start to see -- all right ax, you're used to all those disney ad as. and what used to be, like, huge ads and promotion for the disney triple play which was disney, hulu and espn, it's the really morphed into a disney-hulu.

and if you notice the color scheme, they took the disney if blue and they took the hulu green, and they've combined them, and the new disney logo is literally an e-mail georgia mission of those two color schemes, but you don't see any mention of espn. i think sort of they're increasingly separating general entertainment, kids and family, from sorts and -- sports and sports media with. and so i don't think that there is a full integration of espn coming next. i think they're going to keep that separate. i wouldn't be surprised to see bundles. you know, you've heard about this new sport bundle that disney, espn -- liz: oh, yeah. >> -- fox and wbd, warner brothers-discovery is, are rolling out in september. i wouldn't be surprised to see them bundle, you know, disney-hulu with that scwoint are end venture. but i would be surprised if espn's really focused on integrating or the espn+ service really focused on integrating

into this because espn if +is a niche service relative to the other two. liz: i do have to ask you, the nba is in exclusive negotiating period with esp if n and warper and turner. what happens to warner brothers if they don't get the nba? if. >> it is one of the biggest questions we're getting from investors, liz. everyone is focused on this. this is no doubt disney, espn, abc are retaining the rights. they've a made it very clear, they're going to pape to retain them. been pape to retain them. but nbc wants them very badly. the nba wants broader distribution. adam silver was on tv earlier week talking about following fans. clearly, fans are not as much on cable tv, i'm sorry to say is -- liz: hey, we're great. [laughter] >> but less viewers of cable tv. it's just a fact of life. and so the leagues want to be more on broadcast tv. we heard last week the college football playoffs just recently moved the final game, championship game, moved from espn to abc.

so everybody wants to be on broadcast. does that put nbc in a a better position than warner brothers-discovery with tnt? we know amazon, which has certainly gotten big with thursday night football, amazon wants nba rights. so i don't think it is clear at all that turner walks away retaining nba rights. i think they're in a tough the situation is, for sure, on the nba. they spend about a billion five a year right now at a tend of the contract, so financially it might not be terrible at least in the short term for turner not to have it, but i do think it would worry, and i think investors would certainly panic. liz: it's not just streaming that's a danger to legacy media, it is tiktok. it is the instagram, you know, platforms of the world that are grabbing these eyeballs. >> sure. liz: tiktok ban, do you think it's going to happen? what do you think happens in that area, in that a region? if. >> well, look, you know, the government calls it a tiktok divestiture bill. obviously, tiktok doesn't want to divest or bytedance doesn't

want to divest, and that's why you sort of get this concept of a ban. i do think there's very few things, as you know, liz, that ever get 300 plus let alone 350 votes in the house. we're never unified between democrats and republican. the sort of unification around tiktok and picking sure it's not owned at all by chinese investors seems to be an imperative. and i would be surprised if the senate didn't bring a similar bill, maybe change, maybe make it a little bit legally stronger than the existing bill to withwith stand the what is certain to be the a court battle. because, remember, this is not going to get decided by congress. congress may pass a bill over the course of the next six months, but there's clearly going to be lawsuits, and may end up, ultimately, at the supreme court over the course of the next 12-18 months. the reality is i do think this is going to get through the senate. i do think there's a good shot biden is going to get a bill to sign before the end of the year,

and then it's going to be a question for the courts. liz: wow. interesting, yes. because a lot of americans have used it to start small businesses. that's the positive. but there are a lot of worrisome signs too. rich greenfielding great to have you. so much to talk about. we'll have you back. we appreciate it. >> thank you. liz: the new york international auto show kicks off a friday, but don't worry, you don't have a ticket? you don't have a credential? we got your back here. we have got a sneak peek of all the hot cars and cool classics. don't miss it. that's coming up next. ♪

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liz: automakers are rerouting cars and car parts in the wake of the frances scott key collapse. the tragedy which took the lives of six workers happened when a cargo ship lost power and crashed into the bridge in baltimore overnight yet. john lawler said we will have to divert parts and to two other ports or east coast elsewhere in the country and it will probably lengthen the supply chain a little bit. you recall yesterday we had an analyst ford would be markedly affected by this. ford's stock is actually up 4.8%

at the moment after top bass gave an upbeat outlook overall for the u.s. auto market and profit plans. will those plans though, get derailed by needing to reroute shipments. madison alworth at the new york auto show at the cavity center. madison we want to see great cars but what else are you hearing about that particular issue. >> reporter: liz, let's start with that. what we're hearing from manufacturers in the auto show they have been able to pivot quickly. nissan already rerouted shipments away from baltimore to other ports on the east coast including newark an places like jacksonville, florida. take a listen. >> we've been able in the past 24 hours to redistrict our flows of business to other ports on the east coast. so i don't see any noticeable impact to the business in the near term and we'll be looking again to work out of the

baltimore port whenever they're ready for business to start again. >> reporter: so a lot of hope there meanwhile at the auto show the manufacturers focusing on showing the latest and greatest and when it comes to ford what's old is new. the mustang celebrating its 60th anniversary this year. the mustang was the top selling sports car in 2023. i'm going to jump in. the brand new, 2024 model. i'm joined by joe, 60 years of mustang. that is an incredible track record. what keeps bringing drivers to this brand? >> it is our variety from our gt, ecoboost, dark horse with, 300,000-dollar supercar mustang we have the car for everyone. >> reporter: it was the top selling sports car last year. why do you think the consumers are choosing this over other options? >> it is our tack, our history, our heritage. no one else is bringing this to market like we are now. >> reporter: real quick, the new feature, this is the 2024.

what is new about this car? >> tons of new interior, it has a drift brake, like a drifter on a closed parking lot on closed course like no one else has. >> reporter: not me as the driver i will not be doing any drifting. this was great. liz, i have to thank you because the mustang was "my dream car" ever since i was on the mustangs, ply travel soccer team in middle school. always wanted one of these bad boys. living in manhattan doesn't make sense. sitting in here is pretty nice. liz: i love that banana color. that is, that will get you looks, that plus you, madison, thank you so very much. >> reporter: thank you. liz: look at, look at the dow up 467, but perhaps more importantly the s&p 500 is on pace for a record close. see this gain of 41 points? all the s&p needs to close higher by 37.95 points. that if it happens we have got

four minutes left, would be the 2010 first first 21st record close. the dow needs 49 points to close at a record. gold is up double-digit. we have it up $14 i here. the fed expects -- it is breaking through the 2200 level. just below that all-time high. as investors wait for february inflation data, the fed's favorite inflation gauge, the pce to gauge the timing on those cuts. our countdown closer says as much as gold has run up you have got to be in it. he will tell you how to strike gold in your foal. rick pitcairn. >> last time in october we were pushing it. liz: we're pushing it now? >> we still think it will be a

strategic asset going forward because we have the fed is in a tendency to cut. i saw the great segment with larry fink, whether they cut one time, three times, we think that with higher comfort with inflation will keep gold, keep it high. it will keep it up there with equities as an asset you want to hold. liz: to me i'm always asking this, why do people pair the trade with interest rates? can you explain that to me? every one talks it is a hedge against inflation but explain that to our viewers? >> i think really, i key it to currencies more. i think right now gold plays this role of the anti-currency currency. one of the things you heard larry fink talking about was the extreme fiscal policy we have, the debt here in the u.s., really all around the world in different central banks. gold plays a role to sort of counter that. have a steady asset in your portfolio if these currencies begin to do funny things because

of the extreme policies we're undertaking. liz: speaking of funny things, the japanese yen collapsing today to a 34-year low. i see what you mean. how would you buy it? would you buy etf, the physical gold? >> we have etf. there are a couple of etfs out there allow you to convert to physical if you want. we have clients that have physical. we're not, as you talked about the other day we're not opposed to bitcoin. we're looking at that closely because we think that is the same sort of a play against the extreme fiscal monetary policy we have with the fed today. liz: we see copper up 3% this month. do you like any of the industrial metals? >> we like the broadcom complex the same way we articulated with gold. we were looking at uranium. you had the conversation are we taking atomic energy as a way to decarbonize. we think uranium is very interesting at this point because it had a little pullback.

liz: global x uranium etf. ura. if you are interested believe what you and larry fink are saying, small nuclear energy plants are really a possibility here. we're getting the pce on friday. okay, folks for those that don't know, this is the personal consumption expenditure, expecting to be hotter than expected or less? >> we had a series of a little bit hotter numbers that they're comfortable with, anything other than a blowout is sort of a comfortable number for the fed. they want to cut. they're hoping they get the data that allows them to do so. [closing bell rings] liz: i got to tell you, rick, thank you. it looks like we have a record close for the s&p 500, the 21st record close for the index this year. we will see you tomorrow. ♪. larry: hello, folks, welcome t