charles: and they're embracing it, right in. >> absolutely. we've been using digital currency since we were younger. buying itunes gift cards, buying virtual currencies, buying virtual items within games. this is nothing new to us. now we own it. we're empowered by it. we're able to be our own bank, or transact 24/7/365 with no censorship and cross-border. what's better than that? charles: i don't know with. i think if i'd bought bitcoin when you first toll me, i'd be up 200%. next time you have a class, don't be surprised to see me in the back. >> always happy to have you. charles: all right, thank you. folks, i want to hand it over to liz claman, and as i do this, i have to say congratulations on your induction to the cable hall of fame -- liz: thank you. charles: such a huge honor. congratulations. liz: thank you so much. couldn't do it without "the claman countdown" team and all a of fox business. it's great for the network and to get some recognition.

thank you, charles. charles: you got it. liz: well, this is the kind of recognition the nasdaq can does not want, folks, there is a reason the that -- nasdaq is by far taking the biggest punch. the chip stocks have taken a to to if announce ifed leg down led by nvidia. i can't remember seeing nvidia fall more than 8, but that is exactly what's happening. now it is down9 9.33%. low oaf the session here falling about $79 to $767 a shear. -- share. you can look right now because as a it falls through the 50-day moving average which is considered a sell signal, a lot of the other chip names are following it down the rabbit hole including amd which is down 6% followed by micron. you've got, you know, i'm looking at micron now down about 5%. in fact, most of the chip makers are tanking on investor fears that a perhaps interest with rates are will remain high which means cost of borrowing to grow might be a lot higher for longer. we've got the socks index which

is this basket of chipmakers down a full 4%. just want to show you, though, what's drawing the most blood from the tech-heavy index. that would be with netflix. the king of streamers down right now 9%. this is a classic case of mom and dad shareholders and analysts unable to deal with the fact that baby's apparently growing up. that's how they perceive the news that starting next year netflix will pull the plug on announcing new subscriber numbers each quarter with. so as the street frequency out about how they'll be able to predict whether the company -- which is now maturing -- is growing, coming up, the man who covers netflix for web bush is not surprised. michael pachter is her t tell us how he plans to now analyze netflix's growth and why he says no matter what netflix won't reveal,, its lead among the streaming pack is, quote, insurmountable. all right, to the markets on in this friday. it's been a long time since we've seen markets toggle between risk and reward from

hour to hour. risk off, risk on. but with the dow jones industrials up 137, it's the only piece of the green here in the majors. the s&p down 49, the nasdaq losing 348. that would be 2.25%. but this is really exactly how the week had begun and appears to be ending with one hour left to trade for the week. let's take a look here. we're looking at a virtual repeat of the headline that starts -- started the week, menacing military strikes between two enemy nations in the middle east. last night israel truck back at iran in retaliation for the drone swarm and missile attack sunday. overnight, futures plummeted. and and while the dow has clearly recovered, the s&p -- which earlier recoiled -- has dropped below 5,000 can right now with this 1% loss stands at 4,963. finish this risk-off, risk-on pattern which began monday in the wake of iran's unprecedented, direct attack the on israel has shaken out in fair

of the bears. for the week on your screen as you see, the nasdaq's going to be hit the hardest, down 5.6%. s&p down 3%. the dow jones industrials right now maybe too close to call, just kind of lower to flat for the week. now, the price action in gold often seen as a safe haven trade where people rush if they're nervous, perhaps if best anticipates how jittery investors might be about the mideast powder keg. -- keg. as we once again head into the weekend with questions about what's just happened and what could happen next, gold has gained 7.75% for the month. let's take the it live to the pentagon and fox news' chief national security correspondent jen or if griffin. jennifer, what have we been able to con film firm about -- confirm if about a us reese's attack on iran and huge question marks floating over our heads? >> reporter: right now, liz, things seem calm and quiet, and people are taking a deep gareth breath with, frankly, after last night. according to senior military sources, the target of the israeli strike was an iranian

military base near natanz. the not the nuclear facilities themselves -- it was not the nuclear felts themselves. the israelis hit what they intended to strike, or i'm told, based on the initial assessments. reports from the iranians that the explosions were simply the result of their air defense interceptions, not true. the targets within this strike included iranian air a defense system ises at the air base with including those the used to present their nearby nuclear facilities. it was a message to the iranians, we can reach out and touch you. at a very limited strike. the russian-made air defense systems were shown to be ineffect we've. there was one target but multiple strikes within that a target, i'm told. i.e., the iranian military base with its air a defense systems. the israelis used missiles and up manned aircraft. in other words, no manned aircraft. no f-35s or other fighter jets were used as part of this strike. one possibility, unconfirmed but being discussed, is that the

israelis used a new unmanned hyperglide vehicle that the employs standoff missiles. this is one of the options that the israelis have within their arsenal. no one from the pentagon or u.s. military is willing to comment on the record about last night's strikes. they are only willing to say on background that the u.s. was not involved in this unilateral or israeli military operation, and they are hoping now that cooler heads z prevail. >> our focus has been on, of course, making sure that's israel can effectively defend it but also deescalating tensions, avoiding conflict. and that remains our focus. [inaudible conversations] >> again i'm not going to speak to anything other than to say we were not involved in any offensive operations. >> reporter: there's no confirmation either that there were targets struck byes reel inside iraq or -- by israel inside iraq are or syria despite reports from the region that preceded the strike by just a few minutes of explosions in

those countries. i'm also told that as of now no iranian proxies have responded. the next 24-48 hours, liz, will be crucial in term determining whether iran will feel domestic pressure to respond or whether the supreme leader feels that both sides have made their point. the mood here at the pent if gone, cautiously optimistic -- pentagon -- that both sides have made their point and do not want to take the next step thes on the escalation ladder. liz: jennifer griffin, thank you very much. the dow up 121. keep your eye on the nasdaq, down 361. immediately following the attack last night, we saw to announced moves in oil. but here's where this risk-off, risk-on goes. you can see this really big spike which has since subsided. we do have crude oil now up just under 1% at the moment to $83 and change. what hasn't subsided is oil volatility. since april 1st, the day israel struck and destroyed the annex of iran's 'em bass if city in

damascus -- embassy, oil volatility has gained 13%. we're going to hear from big oil names, stocks like exxonmobil and chevron next week. they report on friday. also next week we get some big name reports. we're talking about tesla, visa, microsoft, honeywell,s alphabet. big, big tech names, of course. and, by the way, tech is taking its worst hit right now, the sector, since december of 2022. investors, obviously, remain cautious ahead of the big earnings week. and then we get the economic data on deck. the advanced first if quarter gdp reading comes next week as well as the fed's feat inflation gauge, core pce. personal consumption expenditures. that is fred. ed friday. one earnings move helping the dow buck the trend, am-ex, shares higher by about 5.25% after posting a double beat. but the s&p and the nasdaq are not getting the same boost and are on pace for a sixth straight day of declines. so let's get to our floor show

traders to dissect all of the action. joining me now from the new york stock exchange, meridian equity partners' senior managing partner john corpina and the price futures group senior market analyst and all things oil, phil flinch -- flynn. phil, oil did sort of this pop and drop. again, we're talking about risk-on, risk-off, back to risk-on within hours of each other. does this continue over the next week or two? >> you sure bet -- you bet it does. you know, today it was all about a deescalation, but that move that you saw not only in the oil market, liz, but the risk aversion that we're seeing in things like gold and silver is really unlike anything we've seen in many, many years. make no mistake about it, this oil market could explode at any minute. and i think we just saw a preview of what might happen if this, indeed, escalates. now, right now when you look at the future spreads, they're basically saying, hey, this thing could be all over. it could calm down.

but, you know, or you can't bet on that especially going into the weekend. liz: you know, separate from what's going on in the middle east, john, can you give me a sense of whether you are surprised we haven't seen a more pronounced pullback? yes, week to date we're looking at a 5% drop for the nasdaq and 3% drop for the s&p. but we really have been seen anything close to a 7% drop here and there with these markets. >> right, liz. it's been pretty orderly, what we've seen. yes, it's been over, you know, a 2 of 3 week period ear, but we haven't seen that overall fear, that overall capitulation talking to customers, we haven't gotten these large influx of sell orders. but take away this isolated incident that's going on in the middle east, the headwinds that we've had on this market have continued to be here. we've talked about these since january. oh ski yo my call rest arings that -- geopolitical risks, interest rates, inflation, how and when was that really going to turn our markets and get some

pressure on it. you couple that with what's going on in the middle east over this short period of time which is still an open-ended item, and i believe it was jennifer who said the next 48 hours are going to be really, really critical. i think all of that coupled together has shifted the overall tone to our markets to see this activity that we're seeing now. with the activity that we've seen since november, this upswing in our market, i want to say it is healthy for this market to flush out. i'd prefer to see a fasterout than the small bleed, but eventually it will flush itself out. and as you said, a lot of earnings next week, economic data. what is the fed going to do, how are they going to use this data, and as they continue to take june off the table, it appears, when is that next cut going to come, we keep battling this calendar in front of us with the election cycle coming u. and i know the fed says they're not politically -- they're going to be end dependent and not use that as a pause in anything they want to do. i do feel as we get closer and

closer to that day it's already going to affect the fed from making a incident that move -- a significant move. liz: yeah. as phil said in his note, you can't hurry cuts, no, you just have to wait. [laughter] what's next? if we look at fed funds futures, there is less than 50% chance by a long shot for a june cut, less than 50% for a july cut, and now you've got to beat until september as far as the market is concern concerned to see +50 odds that we will see a rate cut? what is the trade here, phil? if you're looking to catch something on the upswing and it certainly isn't the chipmakers which i know we already mentioned them, but nvidia, advanced mayo devices, micron, marvell, we've got avago which, of course, is broadcom. on semiconductor, microchip, this is a mess here, a a sml, they're all a down. >> it's a total mess here, right. you know, mainly because they've been all a up. you know, make no mistake about a it, the chip traders and the breast rate traders are going te

going to their safe space because they don't want to look or, but they're going to have to look. listen, we've got to go back to -- listen, there is no do you want those sectors were on fire. they're going to be good in the long term. if your not in, you're going to get a great buying opportunity. we hope it corrects more. but don't underestimate what's happening in commodities. it's unlike anything we've seen probably since the 1970s. look at aluminum, lock at copper. you know -- look at copper. look at these metals companies. this is going to be a hot sector for a long period to come. and now when we're talking about new sanctions on russian metals where the cme group can't trade with russia, they're going to crack down on that, the london metals exchange can't do that, so we're seeing a supply squeeze in commodities unlike anything we've seen in a long time. and you add to that the risk aversion into commodities, you know, i feel like i'm a kid again. this is how the business was when i got started a hundred

years ago. i think it was a hundred years ago. liz: yeah9. you know, looking at copper, up 1.33%, silver up 1.66%, gold at $, 2,410. let me finish with john corpina. i know it's hard because people appear to not want to go into the weekend long certainly when it comes to s&p 500. >> yeah. the it's a tough one with a lot of the risk that's out there and, again, the next 48 hours being so critical to that situation in the overall market. i think we're going to try to find some of these sectors that have been hit pretty hard. i think you seeing in some of the technology areas a significant discount to three weeks ago. liz: all right. i know you'll all have a good weekend but constantly looking at your stock charts and market charts and futures. john, phil, thank you very much. >> thank you. of. liz: will a first time ever heavyweight boxing event this july headlined by jake paul and mike tyson bring in more subs

for netflix? investors actually will be able to get that data later this summer, but starting next year the streaming giant says, nope, no longer will it report a key metric, quarterly membership numbers. the move taking some on wall street by big surprise, but web bush saw it coming and preemptively removed netflix from its best ideas list three weeks ago. web bush analyst michael pachter next on the company's move to stop sharing its subs tally and how he now plans to analyze the numbers in the future. netflix, the first of the streaming pack to scrap the metric probably because it holds a huge lead over amazon, paramount, disney and apple. "claman countdown" coming right back.

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liz: folks, we need to punch up, this is specifically a 2-week chart so it encompasses the nasdaq's last eight days. it was just eight days ago that the nasdaq hit a record high, and since then it is down around 7% from that high, so it's almost in correction -- well, it's getting very close to correction territory. we just want to flag you on that. we changedded the bug to the nasdaq here because it is now down two full percentage points or 315 points. investors signing out of netflix at this hour. this is a big problem for the nasdaq at least today, falling 8.9%, the second biggest loser on the s&p 500 as well despite if a beat on both the top and bottom lean during its first quarter earnings report. -- line. the leader in streaming revealed that next year it will no longer disclose quarterly membership if numbers in order to focus on improving profitability. investors are worried it's a signal subscriber growth stemming from it password sharing crackdown has slowed now despite if netflix adding. 3

million subs -- 9.3 million subs during the quarter. so if investors won't be able to judge company growth from new subs, can metric should they -- which metric should they now look to? joining me nowing or michael pachter, web bush has an outperform reading and a $725 price target on the stock. mike, you telegraphed this move before today's announcement. wall street's behaving as if it's shocked, shocked, like as if netflix is hiding something. is it? >> well -- [laughter] they are, in fact, hiding something. but, you know, i think that that they should have probably telegraphed this a couple of years a and said, you know, at 250 million if subscribers, we're approaching a peak. they're the up to 270 now and probably will grow to 300 or 35 if 0. but, you know, the rate of growth is going to slow. they're going to -- i think that the ad-supported tier probably adds about 10 million a year to

their subscriber count, and that's just 5 million fewer people curve -- churn out. so that's sustainable for another few years x that's boosting the numbers. we saw that in q4 and in q1. but that's going to probably lap itself in another year or two. i don't think password sharing is actually adding new members as much as it's adding revenue per user. my two 24-year-old college grad daughters are going to move out of the house this year. i'm going to pay for both of them to be part of my plan, so my number's going to go to $30, and that's a smart move by netflix. but revenue is the number. to answer your question, we don't look at users on amazon. we don't look at users on facebook or google. we look at revenue growth. and this company has figured out, just like those companies, how to grow revenue, how to grow basket sides. so i think that's -- size. i think that's the right metric. they just didn't telegraph it. liz: okay.

so if they're scrapping subscriber number release so people won't be able to look starting next year on that, can you open your analyst playbook with, if you will, and explain to viewers how you will use which formula is and which metrics to really gauge netflix growth each quarter that they report? >> well, i, you know, i think that a we're going to -- they haven't really been crystal clear on how frequently we'll get things like average revenue per user. they're going to give us subscriber milestones, so we're going to be able to figure that out anyway when they hit 300 million -- sorry, my dog is excited that i'm on tv. [laughter] when, you know, we're going to hear 300 million subscribers and get a revenue number, this is ca exactly what amazon did with amazon prime users. they never told us the number but they gave us a revenue number. of so i'm going to looked at revenue, obviously. and as long as revenue's growing in the mid teens, then these guys are going to drop a ton to the bottom line. you know, think about their spend. if they're spending $17 billion

on content right now at 270 million subs, do they really need to spend 10% more when they're at 300 million subs? no. they're creating enough content to keep everybody happy with whether that number is 200 million, 500 million or or a billion. so i think you're going to see massive accretion as they grow subscribers even modestly. all that's going to drop to the bottom line. liz: really quick, you have said that netflix's lead is, quote, insurmountnd. >> yes. liz: okay, fine. who's closest behind them this on the racetrack? >> well, hbo is doing it right -- liz: you mean max? >> super high quality. disney and peacock and paramount are doing it completely wrong. amazon is that in-betweener because we don't really pay for a streaming servicing we pay for free delivery. so i think amazon will last forever because we're going to continue to subscribe to prime. i think disney will be stupid and stay in much longer than

they should. peacock and paramount if probably are going to fall by the wayside, and hbo is here forever. liz: michael pacter. netflix down just under 9%. have a good weekend, thank you. >> thank you, liz. same to you. liz: the nasdaq down 321, it's really netflix and nvidia hard dragging it down. lately, or though, it seems like tesla just can't catch a break. shears dropping for the fifth straight day as the ev maker recalls close to 4,000 cyber trucks. what's causing all the trouble? we've got the details next. the stock cratering to a fresh 15-month low. we are coming right back. stay tuned. a lot of action on this friday. ♪ ♪ (vo) a law partner rediscovers her grandmother's artistry and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy,

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liz: fox business alert, the big chill is on for yesterday's hot i e po. after. zooming higher in its debut as a public company, i bot that shares are down 4.5%, well below their opening price. yesterday the firm spiked 33% at its high of17 in the very first trade. -- 117. shares ended the session at around $103.25. that's a respectably well above ipo price of $88. the company offers consumers cashback rewards via its ibotta performance network, raised $177 million in the offering and just keep in mind it has put together three quarters of profitability.

super micro computers, this is just an ugly mess right now. it is at the very bottom of the s&p 500, down 22% after the a.i. hardware company changed its way of pre-announcing earnings. in seven of the past eight quarters, smci has issued a press release with bullish financial guidance ahead of its normal release. but today the company issued a press release that simply set the date for the earnings announcement that comes out april 30th, and that of course sets off all kinds of questions and investor nervousness that maybe super micro may disappoint for the fiscal third quarter although there's no idea about whether that is going to happen. right now super micro at $723.99. tesla recalling 3 ks 8 -- 3,878 cyber trucks to repair and/or replace faulty accelerator pedals. the ev maker's filing with the nht -- nhtsa, right?

says that a pad on top of the cyber truck's accelerator pedal could come loose and get trapped in the interior trim causing unintended acceleration. tesla down about 1.99 % at the moment, but the recall comes after a tiktok video by cyber truck owner jose martinez depicting the trapped pedal issue. that went viral. that happened last week, so you can see it getting caught right under that thing. gosh. all right, tesla's stock has gotten slammed this year, so far losing 40%. how do you say artificial intelligence in french? today olympic organizers unveiled their strategy for using -- [speaking french] to better determine who's faster, stronger or most graceful at the paris, france, games. but when it comes to corporate track and field, should there be hurdles placed on how companies go for the a.i. gold? the founding c.o.o. of paypal

and all in podcast cohost david sacks standing by live on whether congress' new idea on a.i. regulation is on rack the or way off pace. plus, he talks about google swiftly firing dozens of employees who defaced company property while protesting google's business partnership with israel. stay tuned, we're coming right back. nasdaq down 323 points. ♪

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it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. liz: could your kid become the next olympic gold medallest and you don't even know it? the international olympic committee thinks a.i. could answer that question. speaking from olympic park in london, the u e oc president thomas bach unveiled the committee's a.i. strategy which hopes to use a.i. for a whole bunch of things but also personalizing training, improving judging and helping identify future promising athletes. as oo. i. transforms the world

of sports and beyond, lawmakers and courts are scrambling to figure out a way to egg late it as -- regulate it as many creators face copyright lawsuits, including "the new york times" over literary early that's being used without payment to train the technology. the latest legislative push from california representative adam schiff. the a.i. copyright disclosure bill would require companies to reveal the copyrighted material they use to train their a.i.. i want to bring in one of the most followed voices in silicon valley, paypal founding c.o.o. and all in podcast bestie david zacks, he's here in a fox business exclusive -- david sacks. i want to get your reaction to the olympics' announcement about using a.i. to improve the world of sports. what do you think about it, and could it really change the way we look at this iconic event and future athletes? >> well, i read their press release, and i thought the use cases for a.i. were pretty thinker to be ohioan.

i interpret this as a bid for relevance. etch's talking about a.i., and the olympics want to be relevant is, so they're announcing their a.i. central. [laughter] it's not so to say a. a i. won't play an important role in the future, but i think the time frame should be more like 2028 to figure this out, not 2024. liz: boy, it sure feels like 199 where every company including k-tell records threw out the term internet strategy just to get a juiced effect on tension or the stock. >> yes. liz: how do you tell the difference between what's actually relevant and smart and a possibility for increased revenues or something that's just, like, we want to look relevant, as you say? >> well, it's got to be a use case that just seems really revolutionary and compelling. we're investing in start-ups that are harnessing the power of a.i., and by that i mean large language models to truly disrupt industry ises. you kind of know it when you see it, it's got to be a profound disruptive use of a new technology. liz: what's the most exciting

one that you see right now that you are investing in? >> that's interesting. we just announced an investment in a defense company called allen control systems which uses a.i. computer vision to shoot down drones. if you think about the battlefield of the future, drones are completely transforming it. and i don't know if you saw that story about, in the, in the red sea, the u.s. has been using $2 million air defense missiles to shoot down $2,000 drones, and that's going to bankrupt the u.s. if it continues. so you really have to figure out much cheaper ways of shooting down these drone. so we just invested in a start-up that'sing looking to do that -- that's looking to do that. liz: a week ago iran launched a swarm of drones, hundreds of them, these attack drones, and israel had to use up so much of it weaponry. and it's not cheap to using you know, the very, very things that the iron dome and david's sling uses to bring down some of these weapons. >> right.

liz: come back when you're ready to break more news on that, david. >> yeah. well, that's a really good example because it costs's ream about $1.3 billion in air defense to stop that attack. so, yeah, warfare's becoming very asymmetric right now where with if it costs more to stop an attack than conduct one, that's a huge problem. liz: what's the name of the company again? >> the one we invest in is called allen control systems. their drone killer technology's called bull frog. liz: wow. all right. we want to get them on. that's an interest story. [laughter] -- interesting story. let's get to something a little less military-focused, and that would be a.i. copyright issues. the last time you were on, we talked about how all these famous singers had written an open letter saying stop stealing our songs, mimicking our voices when it comes to artificial intelligence, but now all of these a.i. molds need to train themselves. -- models. they're doing it by using input9 from copyrighted material whether from magazine articles, newspaper articles, all kinds of

intellectual property that journalists have created and writers have are created. listen, don't you think that there has to be some type of model that remunerates the the originators of that important protection, that intellectual property before a.i. models use it to train their own companies? >> possibly. but, first, we have to decide what fair use is. so in other words, if an a.i. model trains by using publicly-available data on the internet and then i produces wholely new original content and that out output does not violate anyone's copyright, is that really an infringement on anybody's rights? i think it's a novel legal question, and we have to find out the answer to that before legislation like what adam schiff is doing makes sense. liz: yeah. well, you've got "the new york times" engaged in legal issues. you've got news corporation, parent of "the wall street journal," in talks, certainly. they are very interested in making sure their journalists get paid.

want to quickly ask you about that sit-in at google this week where lots of employees impeded the work of others, pelt -- made other workers feel threatened, and they also decimated some of the office areas according to google. google very quickly did an investigation and fired 28 of those employees. they're investigating others. feel like there's a different sheriff in town now who says, you know what? no more. either, like alex karp at calleu want to work with us, we do business with western companies, too bad if you don't like it. >> well, there's no get out of jail card free, basically. google has a business to run, and you can't i run a business when people are doing a sit-in or tear trespass, being disruptive. so i don't think google had a choice here. if you've got employees disrupting the workplace, you have to fire them. liz: i think you guys are going

to talk about that in the brand new all in podcast. when does that bob drop? >> today. just a couple of to hours. 1 is 75. liz: own plaintiff my, d were one of my favorites. david can, good to see you. dade can sacks. the 27th annual cable hall of fame if celebration was held here in new york city if last night, and a who's who of cable industry were on hand to honor six leaders in the media world of entertainment, one of whom you may recognize. [laughter] who's that the redhead? we're going to show you some of this and this great event and when we come back, you'll hear a little bit of what neil cavuto had to say. details next. ♪ ♪ have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give

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>> liz claman is within one of the hardest working people in tv news. [cheers and applause] he started as an intern with -- she started as an intern delivering newspapers and scripts to ann curry and paula zahn. she worked her way up in local broadcasting and then made the jump to cable start. and today "the claman countdown"

is must-watch tv for business news junkies, and millions of people follow her podcasts and tiktok posts. please join me now in welcoming liz claman to the cable hall of fame. liz: i was blown away when two giant ises of the cable industry, former showtime ceo matt and former cox ceo pat esser, introduced me as i join ised five other cable industry luminaries to accept induction into the cable hall of fame for fox business. the event, put on by cendeo institute, was held last night here in new york city. this was the great part, my entire "claman countdown" team was there to walk the red carpet with me. also the ceo of imax, rich gelfond, and his wife peggy, dear friends, were there to join in the celebration. fox business' cheryl cheryl casone, kennedy and my family as well as hero veterans from building homes for heroes also a came for the dinner. it was just a wonderful honor precede ised by a glowing

tribute from fox business' own neil cavuto. >> liz started, of course, the idea behind the final hour of trading. she recognized how important it is that a lot of people are focused on that. that's where you can have the wildest movements, where you can have sudden developments. she got the urgency of those 60 minutes, but she did it and continues to do it in a way that you want to be at that ringside seat. you know, there are a lot of shows that go through the numbers. she goes way beyond those numbers. she gets to the personalities behind the numbers, the drama of making money or losing money and seeing it in a big way. liz: thank you so much, neil cavuto, for all the kind words. and thank you to all a of our viewers for letting me be part of your business day for the last 25 years on cable news, 16 of which are here at fox business. and charlie gasparino also came but mostly for the filet mignon, right? >> not very good steak. liz: oh, i thought it was good. my brother and kennedy witched because she wanted his and he --

switched. >> it was, like, industrial produced. liz: oh, my gosh, you are just -- [laughter] >> the then again, i'm such a foodie, or you know? and it was a great night. liz: thank you very much for being there. >> it was well deserved. liz: charlie brady was there. it was so great to have everybody. >> it was great. liz: what have you worked on today? >> that's an interesting intro -- liz: better i didn't want say what have you got? >> this is why this story is so fascinating. a couple weeks ago people were talking about ken griffin of citadel, mega republican donor who is kind of lukewarm with trump maybe coming back into the trump fold and giving him a lot of money for his if presidentia- liz: maybe or is? >> maybe. liz: okay. >> people were talking about that. he was kind of leaving his options open from what i understand, kind of saying no but with hedging. well, we might do it. as you know, he supported nikki haley during the primaries. in the past he's given to desantis. but now i think that's totally

off the table, expect reason why because there is a battle royale going on right now between devin nuñes who runs trump's media company, you know, the former republican congressman, and he essentially picked a fight with ken griffin of citadel. and here's what he claimed. he said that there is credible evidence or there's evidence, there's potential evidence, i'm paraphrasing, that there's faked short selling in shares of djt. it's a short selling technique where it's essentially illegal. it helped push down the shares, that's why djt lost for a time 60% of its value. it's popping up a little bit today. and there are firms that are kind of involved in that, in that, in that genre of potentially illegal trading. and one of them is citadel. that prompted this response from citadel. we should put it up there. devin nuñes is a proverbial

loser -- [laughter] who tries to blame faked short selling for his falling stock price. nuñes is exactly the type of person donald trump would have fired if he were on the apprentice. if he worked at citadel, we would fire him as his ability and integrity is at the center of everything we do. okay. so, obviously, they deny -- [laughter] now -- liz: some denial. >> now, nuñes is back again. let's put up what djt just told us. this is funny. i mean, come on. a corporate behemoth that has been fined and censored for an incredibly wide range of offenses including issues related to naked short selling and is world pa famous for screwing over everyday retail investors on behalf of other corporations is the last company that should talk, that should lecture us, anyone on integrity. by the way -- the. liz: this is, like, an algonquin

round table type of -- very highbrow. >> i would say this just parsing through that, parsing through both of them, i'm not saying devin nuñes is not a loser or you know? he was a successful congressman. the company that he runs is problem mat problematic -- problematic. parsing to the other one, where's the evidence that citadel skew over investors? liz: that's the thing, he didn't give evidence. >> there is no evidence. the reason why you can trade on your phone, right, on robinhood for free is because citadel makes markets, buys the payment for order plow -- flow, pays will been hollywood -- robinhood. they give you no-cost investing. does it for schwab, all the way town the line. to this is a battle, i think, is going to keep going. it's a little odd that nuñes attacked citadel when his stock is getting crushed, blaming the stock price falling not on really bad fundamentals, you know, problematic business

model. the fact that everybody knows it's going to be when the people, when the lock-ups end, insiders are going to sell like the president. just very strange that he's doing it. and, you know, kenny g., ken griffin, fighting back. are. liz: in fact, we're understanding that there's another response. i know you are but what am i. [laughter] >> you're an idiot. liz: you're a dumb dumb. >> you're corrupt. liz: you're a baby. >> you're a behemoth. [laughter] liz: charlie, thank you very much. thank you, thank you. markets are wrapping up quite a wacky week of trade. the s&p is on its way to the third straight week of declines. nasdaq right now down 5.5 on the week. we are just about three minutes away from the closing the dow flat, too close to call right now but ope, just turned positive and not calling it at the moment. recent volatility and count down

close r said it's a good time to add risk and we have eric friedmann. why is it a good time right now just as there's so many questions hanging over the markets to add risk? >> well, liz, first and foremost. congratulations and very well deserved on your part. and many, many happy trails in terms of what's to come. i think in terms of our viewpoint this is on its way to tech centric ai, viber and data are the places to stay and using this as a opportunity to either get involved or even rebalance up would be the way

we're thinking on guidance here. liz: what would you buy? talking about sectors and what's a risk on sector at the moment? to me, it looks obvious but considering the powder keg and there's the diligent and discidisciplined and the chancer cybersecurity unduly punished and ai and people think about one company with ai and there's a big ecosystem that you can get involved with so again, we do think a as we start seeing corporate guidance in terms of spend, cyber and ai will be the two big beneficiaries and again, in the selloff of rates and warming up on real estate and a bit on the financial space as well and those are certainly

things to keep in mind on the budget. liz: two day fed meeting and no rate cut expected and when did you say rates coming? >> yeah, probably not till middle of summer. part is predicated on the idea that inflation is too high and economy is doing really well. retail activity and the summer at earliest. liz: it's great to see you, eric somebody that says let's go for it. no risk assets and here we go, closing bell ringing right now and looks like the s&p will close below 5000. nasdaq is the loser and led by nvidia and coming up on monday is the bitcoin billionaire. larry: hello, folks, welcome to kudlow. i'