i don't think the administration necessarily matters and other than both administrations matter and republican and democrat g oing to be the way and both republicans and democrats and they continue to contribute to the national debt and continue to contribute to that. charles: they contribute to the debt evaluation and they get a chance particularly having control of congress and the white house is going to do something and block this thing off and not concerned about that . >> i think larry fink and a bunch of people on wall sprite would have a different opinion and see who wins that battle. charles: next step, where we g oing now? keep buying and dollar averaging and ride it out through the wild swings. they're wild swings. >> in the bull markets and the average draw down is about 15 and it's up.

charles: all right, great stuff. liz claman, over to you. liz: the markets spinning from red to green, red to green as federal reserve chair jerome powell now officially raised major uncertainty about the chance of a rate cut this year. saying during a fire side chat of the governor and the firm inflation of the last quarter could mean maintaining current rates for longer. here's how we put it. >> the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve the confidence. policy is well positioned to handle the risks that we face if higher inflation does persist. we can maintain a current level of restriction for long. liz: basically tracks how the fed might move on interest rates and blasted through the 5% threshold. first time it's been above that

level since november. right now we vascularized it slightly below at 4.974, still up 5.4 basis points from yesterday. and equities also spasms all over the place. setting a scene with about 59 minutes left to trade and dow looking to snap its six day l osing streak up 168 points right now and s&p at the moment up 8, had been down and all were down and have been down 21 p oints. down 63 and russell 2,000 and one lone red spot down about 3 points. we cannot stress this enough. keep your eye on gold. it's served like a town crier predicting and warning of moves in the equity markets over the past several sessions and up $25

to 2,408. once again hitting a record fourth session in a row. cold was down and first half of the session and suddenly it pivoted going from 2,349 to 2400 a troy ounce during this hour. at 2409. we continue to climb. earnings holding and dow heat map and united healthcare and solidly higher at the very top. up about 5.13% at the moment and following salesforce is in second position and salesforce have been the big drag on the dow yesterday. what happened with united health department, earlier it was h igher and topped $479 and still at $469 and the insurer beat adjusted quarterly earnings and revenue forecast. it's notable is that the stock is still a winner despite revealing it expect as cyber attack at the tech unit back in february. to cost it $1.6 billion this

year. that was actually less than what the market had anticipated or analyst certainly. still though, it is in the red for the month and quarter down about 5%. last two big banks to report earnings on the move in opposite directions right now, both morgan stanley and bank of america offered up top and bottom line beets and morgan stock in the green. stellar investment banking and rose 16% year over year and overall revenue up 4%. good picture for morgan stanley and flip over to bank of america and it's on the downside by 3.13% on news of a paper loss and 587 billion in its bond portfolio. bank of america mostly accumulated the held to majority bonds in 2020 and 2021. you guys know what rates were back then. close to 0. okay. so there's a huge difference n ow. considering where bonds are

today. got to get to tesla, a day after a terrible loss and struggling at bottom of s&p as well. yesterday it was the news of the ev maker cutting 10% of the global work force and effective immediately and today it is following another 3% and stock is recoiling in part on downtown story indicating tesla possibly delayed deliveries of the cyber truck. they're getting reports of b uyers that say the company p ushed back delivery dates without giving a reason. and tesla fallen before the $ 500 billion mark. getting right to the floor show and great experts here and blackrock global and great hill capitol chair tom hayes. steve. looking at how the treasury markets reacted and we are s eeing such high yields, i mean,

for the 2 year to punch through 5% level indicates at least the traders and markets feel that the fed is not going to cut r ates may, june, july. >> we went from -- if you r ecall, we went from the b eginning of the year where we were expecting something like 6-and pricing in a little over one. now that's even being talked about and path of innation is always going to be on even. i think it's now hit sort of a bumpy territory and diverging between goods and services and that's what's creating a lot of worlds and what do they get services inflation down because they were shohei ohtani somewhat success. and the battle is b eing fought right now.

>> s&p futures and on the second hedge of semiconductors with 5% and going with geopolitical and we took off half of s&p hedge this morning and >> we were long 98% of portfolios and we have 1% with the hedge and lodge put spread of the s&p and 1% on the semiconductor in that and we're keeping the semiconductor hedge full tale. >> some people have a risk tolerance and not as hot and

high perhaps as tom ask some other younger whipper snappers out there. when you look at treasury yields we see on the longer end of the curve, now working at 10 year yesterday up like 12 basis p oints do you lock in some of that yield right now sort of longer term with some of the cash that maybe people have set on the sidelines and aren't in treasuries yet. >> that's the point. we're not going to be able to in large part, everybody moved to the front end and now they're waiting and it's layering in and people dollar cost average and equities and no reason why you shouldn't start dollar cost averaging into bonds and get it right side.

liz: there's a lot of etfs and pile into certain types of bons and going for that and as an example, we traced out three different scenarios and if you are in and 0-3 month t bill fund and stip, which is a short duration inflation fund and tips fund. if you're in more of a bullish camp or soft landing camp, buy the markets and buy the add and buy universal index and high yield. there's a lot of ways to play this and of course if you're in a hard landing camp, some people think just by definition higher for longer may not end well. eventually then you can buy long duration. liz: what are your most active positions ander so many types of

landing and hard, soft, equities and stretching the rally. >> we covered half the s&p hedge and went long tlts and bonds and everyone is focused on cut and the news of the last week was from the fed minutes and cutting quantitative tightening in half. they're putting $95 billion in supply on the market and yields go higher. they'll cut that in half to $ 45 billion and said in the minutes soon compression and yields and equities we've got two. one is new and gxo logistics and more. liz: started 38 billion c ompanies and becoming market cap. >> made tens of billions for the shareholders and invested in u ri, united rentals when he went public and made 50 times your money and invested in xpo

logistics when getting involved in 2011 and made 52 times your money and going for them and it's reversing logistics and the feeling was? the goods demand goes down and business kept producing and services demand entity went up after covid and balancing out as good as services are equal and recovering and having the beneficiary and 2.2% of the market. huge room for expansion and know how brad works, he does a >> b usy, busy day. dow up about 139 points and recapping federal chair jerome powell raising skepticism about whether the federal reserve will

cut rates this year. investors and the world still wearily watching what happens next in the blowup between iran and israel and a new report in the last 45 minutes indicating israel has decided how it will retaliate and iran's drone and missile strike with the shower and rained down opportunistic israel saturday. the world urges restraint and former israeli ambassador to the united states joins us live. what he believes israel's next move will be and what will he do if he were sitting. we have something in the green upender 90% and it's up and going 1% on the fraction. the "claman countdown" is coming

right back on a very h eadline-driven day. stay tuned. ♪

liz: speaker mike johnson reaffirms his determination to pass a bill granting emergency aid to israel and ukraine in what form we don't snow, but the house speaker proposed here's the form, to split the $ 95 billion foreign aid package passed by the senate into three separate bills for israel, ukraine and taiwan. meanwhile israel's war cabinet met today and according to the jerusalem post and israeli f orces decided how but not when

it will respond to iran's unprecedented attack on israel saturday night. the rogue nation fired more than 300 missiles at jewish state over the weekend. israel sent a response to international allies and french president and german chancellor all urging restraint to avoid escalation with iran. danny, the pressure campaign is on israel and how b will prime minister netanyahu proceed in your opinion? >> liz, always good to be with you. israel will not stop. no country would receive 300 missiles without retaliating

especially where and when the iranians are going to set a new pair and we'll not allow them and we're going to let the iranians guess and they're state your name to sweat but but it's a war between two camps and pattern of the old cold war. you'll dictatorship and now the united states and the western camp together with and this is the novelty of su ni arab countries and iran backed by russia and shy that and two c amps and they're not aloin and we're appreciative of that and i believe the government will

consult with friends and allies. snow valley one will be hurt and taking consideration into consideration the wider ramification of this retaliation on iran and we also have some other fish to fry, zeldon rafah and hamas and we must get into rafah. rafah is the gateway to gaza. this is where all the illegal arms and explosives of hamas were smuggled in. we'll have to block it and h opefully do it with the help of the egyptians because this isen oturu egyptian side, and hezbollah also will have to go back north and just fulfill un security council resolutions and

2006, which they so grazenly breeched. liz: if they consulted the a llies they'd hear from president biden saying israel stands alone deciding to retaliate against iran and president biden really does not want to see an escalation of this and iranians certainly didn't listen to him and he just said don't and sure enough they did. >> liz, we owe a real debt of gratitude to president biden is the united states, we're serving everybody's interest. we're not just fighting for ourself but humanity and the

western would and dangerous radical ida regime and i toe la and not stopping -- -- itola ad the president doesn't say do not retaliate, he says if you retaliate, you go alone. leave us out of that. the greater interest that means not to -- liz: that said, but sorry to interrupt. iranian president said yesterday he warn that had even the s mallest action, the tiniest move by israel on iran will be met with "severe extensive and painful response". you understand the whole world is watching our stock markets

obviously are affected and that's secondary. we understand that. but if you were in the diplomatic core for israel, what would you advise. find a milled of the road and iranians know what they did was punishable and deterred and retaliation taking place on the one hand and other hand to do in such a way that the war will not spill over but not become a larger war. i don't think it's iran's interest. i mean, they are bite is -- their bark is much harder than their bite as we saw with their attack. in terms of energy installation and many, many sides and military sides and i think they

should be punished like i say and they will have to be g uessing what is going to come and meanwhile when you continue to defend ourselves and this is the basics of self-defense. liz: danny ayalon, both your parents fought in 1948 israeli independence war. your mom was injured and you carry on incredible tradition of fighting for israel. we thank you very much. please join us again. >> thank you, liz. liz: former israeli ambassador to the united states. the feds looking for swiftie j usty after ticket master's website crash during presale to taylor swift eras tour. now the doj is preparing to sue the nation and stop israel is responding. the details are straight ahead.

many of you watching and they haven't been able to fill their prescriptions and we'll get to the latest on that one when we the latest on that one when we come world. back.

liz: whole bunch of food and drug administration here. the food and drug administration coordinating with abvi to investigate fake versions of the company's bo tocks botox injec.

according to to the cdc, 19 women in nine states including florida and new york became sick after taking the imposter injections in non-healthcare settings like homes and spas. fda and abbvie crack down on fakes and they deal with a shortage of medications they desperately need. liz lydia hu has more on this. reporter: hi, liz. the doubling news is the list of drugs in short supply is g rowing. 323 drugs were? short supply during the first three months of this year. weight loss drugs on the list because of soaring demand and also worsening shortages and other crucial categories and shortages for critical chemo

therapy over a five year period and drugs treat ago attention deficit disorder shortages in antibiotics is climbing and it's at the farm skidds and we don't have enough manpower to call every single pharmacy to find the drug and it would be a full-time job for one secretary and parks drive 50 miles to get and go the way. reporter: almost half of a pproved fda makers in india and china and means predicting when a shortage is going to happen similar possible for the

government let alone ability to adequately respond and policymakers are considering changes and fda wants to require more information output from drug makers alaska the origins of ingredients and they want to hold hospitals responsible and the ftc and health and human services are trying to gain a better understanding on how drug wholesalers are the middleman in all this and how they impact the drug market and there's a public comment market here and going for the medications and at least in that case interfering with access to care. liz: shortage fixed and going to look at the dow up 163 points and apple though, dow component

near the bottom of the blue c hips after needum cut for the fiscal second quarter and shares down about 1.6% and the firm now expects sales to be 4% below estimates and eps to dip 7% from its previous forecast and needum blaming iphone weak - china and apple investors down year-to-date and second and better news and who knows, we'll be here for all that. down about 2.5% and despite m issing first quarter estimates and demand for the company's luxury goods fell slightly but the stock is punched back into the green inter-day and revenue fell march 2% year over year to $22 billion and there's a lot of designer names and products and lvmh says demand for champagne

and cognac was challenged due o a cautious attitude due to u.s. retailers. live nation it's been in the red all day. it's at bottom of s&p 500 down 7.13% and wall street journal reported the justice department is prepared to file antitrust lawsuit against the concert promoter as soon as next month. doj probe into live nation began in 2022 and gained momentum that year after ticket master, it's division, crashed after a fan presale to taylor swift's era's tour. the journal said the regulator is expected to allege the ticket master using dominance in the ticket selling space to undermine competition and that is a big no no with this doj. all right, the trickle down effects of high interest rates rearing their ugly head and housing starts tumbled and one major real estate project in

west palm beach going full steam ahead and west palm $300 million glittering complex is near completion completion. perfect timing and interest r ates are too high to buy. billionaire real estate developer jeff green is the man behind that plan. he'll tell us what he's seeing with it comes to the housing market, commercial real estate, higher for longer and fox business exclusive. and have you downloaded my everyone talks to liz podcast yet? i'll smack you if you haven't. alyssa rivers is the latest guest and is the daughter of red carpet export comedy joan rivers and laughter is the best medicine and felt great every day and front row seat to mom's success and we discuss the career path. using her mom as inspiration in

her life and number one question to all. what would jones think today? woke culture and comics can't tell certain jokes because they'll be bo cotted. listen an apple, google, spotify or wherever you get your p odcasts. we're coming back and dow up nearly 72 points whereas i want to say four minutes ago up 200 to say four minutes ago up 200 and take a look at it next

liz: a very curious development in the housing space or w orrisome in you're a home b uilder. march housing data, starts, c alled starts came in with a very startling downside s urprise. ground breaking on new homes. while estimates refer a decline of 2.2%, new home construction actually plummeted 14.7%. housing starts are very often important leading economic indicator and significant decline like the we we saw could

be the canary in the colamine indicating thanksgiving could that be the case? jeff green 8,000 rental units across five states including florida, california and new york and massachusetts and new hampshire and jeff, what do you think is behind this big drop in housing starts? >> well, interest rates are the culprit. i mean, basically housing were being given away and interest rates 2.5% and fixed with interest only payments with 1015, 20 years and now a give away for housing and triple interest rates and people can't qualify for loans anymore. liz: there's immobility for 2-3% stuck in essence waiting if they want to buy a new home or move. waiting because they don't want to buy a new place and then be facing a 7% o 30-year fixed rate

soft some sort. what needs to happen before that dynamic changes? >> well, it's good. for a lot of people, low interest rate lows is the g reatest asset and having a big impact on florida and during the pandemic, people were selling homes and buying here with 2-point% loans and selling with loans and buy here with a 7% loan and really impacted the number of people coming in and i think that's only going to change with 2 things happening. people's income have to go way, way up to be able to pay these mortgages and that's not going to happen. rate haves to come down and so rates will come down and i think you're seeing now with the inflation is really transitory at this point and we came into november and entered this s lowdown and had an extraordinary excess saving ands activity and so this is due to

the economy lingering and gone well and the economy is heading into a bigelow down and with that will come a drop in rates and none will be leading to the viability of the housing m arkets. liz: you have a project in west palm beach nearly complete, rentals. how will rentals be affected when people -- seems obvious people would rush to rent and wait for rates to come down. today we had jerome powell of federal reserve saying we're disappointed and the progress has slowed on bringing down inflation and therefore we can't cut rates at the moment and not many words and that's what we read. and how are the rentals starting to stack up where you have b uildings including when you're ready to open one less area. >> rental market and like all real estate is a local market and here in florida, we have an enormous amount of overbuilding going on in palm beach county alone and 7,000 apartments being

built and without people moving here what does that mean to the landlord? they all have to share in the same group of tenants so rents are dropping and vacancy rates are going up, and that's going to be disinflationary housing and rates are going down and people can't move to homes so they're, that does provide support to the rental market and can't get a mortgage, have to keep renting and mortgages like la and we have a big position and they're very a nti-development and no land and rental markets are stronger. but in areas where you've had growth in the sun belt places like texas florida and arizona and we're seeing building in kemp clining rents. liz: jeff, the state of new york and going onto aim to make h ousing more afford and will just impossible here and the

problem is antibusiness and going. going for los angeles and very pro business state and needs you to work and the problem is that you get overbilled because they make it too easy to build so i would say look, taxes will definitely get people to do, to develop more housing and there's some people that i think have just been so burnt by rent and stabilization law and in los angeles, we're not able to collect our rent 2-3 years and no eviction policy. i think a lot of people have just left that field and feeling like these are tough places to do business. it'll definitely help and it'll be better than not having

incentives. liz: are you considered about one west palm because it's mixed use develop p.m. a whole bunch of luxury apartments and store front, 201 hotel rooms and 200,000 square feet of class a office space. what do you expect will happen when, and how will the numbers look when you fling open the doors? >> well, it's going to be much tougher than it would have been, than would have been a couple of years ago, i'm a -- i'm building this with no debt and forget higher interest rates and i have long term staying power, which you have to have in reality. i think unfortunately a lot of people that got into realize deals in the last sickle and they have apartment buildings with thee or four caprates and low interest rate laws and going to refinancing and going for tough times and i'm not l everaging myself and going to put this down and i'm a huge cleaver in this mod and he will west palm beach and palm beach

is an amazing place to live and it's over a long term and it's going to be a rough couple of years and we open the hotel r ooms and building the tallest in palm beach and views are extraordinary and verne a three swimming pools and only indoor tennis courts in all of palm beach county and we're going to offer something very accident very special for people that are looking for housing but i'm absolutely certain it's not going to be as easy as it would have been and trillions were flowing around the fiscal monetary environment. liz: mortgage or debt and that's here for a guy that started with one apartment in charlestown, massachusetts, you're doing pretty well. thank you very much for coming on. >> actually, it was a three unit building in summerville actually when i was in business school. i want to give them a proper shout-out and gave me the best start.

liz: summerville, okay. jeff greene, joe biden's reelection campaign receiving money from a media ceo that would need the support of biden administration if his company wants to buy paramount in the future. charlie is going to tell us the name of the ceo and give us the details. that is next. we got the markets in the green at the moment, at least the dow up 138 points and the nasdaq up five. s&p turned negative for about the 98,000th time today. lots of indecisiveness up and down the flat there, line.

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♪. liz: the saga swirling around paramount continues. right now the stock is down once again, down about 4 1/2% at this hour. year-to-date down 29% as talks with david ellison's media company skydance remain ongoing but charlie gasparino, just learning that ellison's political contributions may indicate he is close and he needs to woo the administration ahead after possible acquisition. charlie? >> this deal has so many bells and whistles on it just so you know. it is not quite buying paramount. it is buying the holding

company, shari redstone's stake in the holding company that owns paramount's stake and doing reverse merger, issuing new stock, there is a lot going on here. all that will be reviewed by the biden administration fcc, ftc, and doj antitrust. that is what makes what went down today very interesting. "the washington post" did a story that said, that, they cited the campaign filings and i looked it up myself, that he maxed out, gave the most money he can, i think it was something like 800, $900,000, almost a million to the joe biden victory fund which is soft money fund-raising enand gave it in the first quarter of this year. also noticed he gave first quarter, maxed out joe biden directly, $6600. there is limits how much you can give directly. a lot less limits how much you give the pacs.

people are scrambling around, "washington post" and others, shows david ellison, who is larry ellison's son is giving money to biden isn't that crazy? they're missing the big story we're bringing exclusively on fox business, the confluence here has nothing to do with larry in my view and trump. has to do with david ellison will need regulatory approval from the biden administration if he wants the deal to get done this year. will have to get doj antitrust sign off on it. that is what makes this contribution, i don't know, interesting. am i saying david ellison is giving money to biden because he wants to change opinions? yo know that. it is not my job to do that. it is my job to report confluences. this is an interesting confluence of someone who needs the biden administration to approve something, giving the biden victory fund a ton of money. he might be the most socially justice oriented, left-wing

radical ever to produce a movie because, remember that is his bottom line here in addition to be the song of one of the world's richest men, larry ellis sown of oracle fame. somehow i think not. we notice the connections. we have a call to him. he might be a true blew biden believer. i look back, i didn't see that many contributions in the past. kind of odd. liz: confluence. it is called a confluence. >> it's a confluence. coincidence or confluence? liz: it is not helping the stock. >> the stock will not be help, you know why? liz: why? >> or conundrum. common shareholders still hate this deal. liz: by the way we'll have mario ga gabelli on. he is big share holder. >> no lickky. liz: i'm sorry, tomorrow, tomorrow. >> don't end the week too early.

mario gabelli of mara mount funds. big shareholder. we'll get him straight right here on paramount. closing bell is ending in three minutes. the dow is on a six-day losing streak but maybe ended up 95 points. bouncing back between gains and losses, trying to break a two session losing streak for the two. what is happening to the s&p? halfway through the month of april. the s&p has endured some scraped knees, down 3.6%, so far, regardless of the tough start to this meant, our "countdown closer" is raising his price target on the index to what? let's bring in him. jay hatfield. what is your call on the s&p and what do you think will push it higher? >> the key, we have 5750 target, liz. liz: that's high. >> very high relative to the street. the key is not the fed. it's really the ecb. and president lagarde has made

it extremely clear, barring disaster like and energy price spike they will cut in june and most u.s. investors ignore the global bond market but you should not do that and why that's also bullish, when she cuts before the fed, which has never happened before, the euro is likely to be very, under pressure. could hit parity. then that sets the stage for the fed to cut because that is very deflationary. commodities are priced in dollars. so nobody is focusing on the ecb and europe, which is fine for equities but not good for bonds. >> okay that is absolutely a fascinating side window look at this. that's why we bring people like jay on, you guys. you need to hear that kind of thing. it makes sense. the dollar is right now stronger against all major currencies. the euro a buck six it takes. it is going lower and lower. let's talk about what investments you would make if the s&p is indeed going to hit 57 plus?

>> anything interest sensitive. even today you saw with the investment banks also very cyclical companies. the investment banking the most cyclical of all financial sectors. it also is very bullish because investment banking feeds the whole company. liz: like morgan and goldman. jeffries. >> we would actually avoid the bank banks. they're getting hit by net interest margin, credit write-offs, balance sheet marks. that is the big trade of the year, be long the investment banks, not long or short them if you're an investment fund, not short of regional banks. liz: regionals have been a very, very tough read, certainly where they are going, where they have been. jay, great to see you. jay hatfield. here we go the bells now. [closing bell rings] the markets off session highs. looks like the dow will hold on to gains for the day. s&p, russell, transports end in the red. tomorrow billionaire investor, chairman and ceo mario