consume our troops. last sunday i was able to see my father's headstone for the first time since his burial. it was very moving. lots of regret for time that we did the not spend together of he was a very different person when he came back from vietnam, our family was ripped apardon. -- apart. there is still so much sadness. and what i want to do is say let's horn those who died while serving our curve, i -- country, but don't forget those who are living. pat them on the back, say thank you whenever you see them. over to liz claman. liz: second that. thank you very much, charles. all right, everybody, it is getaway day ahead of the long weekend, but you've got to hang out with me because we still have one hour left to trade. what has been one wild market, the craziness continues at this hour for those of you who thought yesterday's late day selloff was the start of a bigger correction, witness the nasdaq blasting higher right now if by 166 points can and on pace to close at an all-time high.

the nas needs a 96-point gain at the chose to grab the brass ring are. it's way past that right now, i'm going to tell you who's leading the index in a second, but it may surprise you. however, i want to first look at the blue chips after a 605-point drop yesterday, the dow right now just turned negative. it is down just a single point. had been higher by as much as 155 points. look who's in the lead here. go to the dow heat map. intel. investors are piling into the chip maker. it's up about 1.8%9 perhaps on the belief it's oversold. shares have lost are about 30% this quarter, but right now you can see up at the moment just by a bit here. we've got it up half -- well, yeah, 1.8. attention-grabbing action in the s&p right now. the broader indecision is up 32 -- index is up 332 points compared -- 332 points. a few more points needed to blank out yesterday's move if --

32. decker's outdoors, this is the maker of uggs, soaring 13.3 3% or $120 to $1,025 a share. it gets better for shareholders, especially those who bought the stock a year ago a or more. deck is on pace to close at an all-time high. not bad for a company that ipo'd in 1993 at $15. rivals crocs and on holding catching decker'saway, both rising to all-time highs. in fact, the overall clothing and shoe retail sector making a major power move. now i'm going the tell you who's topping the nasdaq 100. ross stores. the discount retail chain up 8.25% and very close to the all-time record of $151 after a first quarter earnings beat and a hike to its profit outlook. retail and consumer discretionary making kind of a sneak attack on tech lately even as wall street climbs the wall of recession and inflation worries.

this is not to say that tech tha with. ye yes, of course we're going to show you nvidia, is the retail roar as of late late a lesson perhaps to investors if how they can straddle the leader line in to the floor show, pause these guys would definitely know. market rebellion cofounder jon najarian and market rebellion chief market strategist mark lo resty. what do you make of this retail roar that kind of, as i say, snuck up on the markets? >> it sure has, liz, and these are the kind of blurred lines that are making the fed's job so difficult. on the one hand, you see raz people come in to -- ross, people stretching their dollar, then they're splurging on their kicks. and, by the way, this is straight from my 16-year-old daughter's mouth. uggs are back. all the kids in her high school are wearing them, and those are the kinds of things i like to see. it's the mixed signal, for sure. list.

liz: the spider retail etf we've got one of the discretionary income ones. >> sure. hez lz i find it interesting when you look at names like macy's up, 422% over the pastor year -- 422%, in order -- 4232. ralph lauren cup, 4 42. gap up 181. s what is this saying about the consumer, and what a do i you make of the whip yesterday where we saw somewhat of a significant selloff in the broader markets? >> is some of that might have been going into the long weekend. nobody wants to take friday off and find out china did something sell silly with taiwan. i think a lot of that was going on as far as the holiday is concerned. but, look, consumers are spending on stuff they really want. that's what we all have to get acquainted with. i think that's what the fed needs to get acquainted with. and is that inflationary? it sure as heck is. hayes liz najarian's chomping at the bit, let me in, let me in --

[laughter] jon, nvidia may be higher once again, investors are still going into it. sure, it's that 10 for 1 stock split that's gotten a lot of people excited, but you're so creative when it comes to the options market and other side window trades. is this time to go into nvidia, or is there somewhere else or a different way of playing it? >> well, from if a fashion standpoint i've got to defer to masker, of course. and you -- [laughter] liz: thank you. >> but from a trading standpoint, i'd say right now that there's still upside in the likes of these a.i., artificial intelligence, giants. nvidia's obviously the lead dog in that pack. but i think the picks and shovel ises trade is really a good one. and instead of me just going down and rattling off a bunch of tech names, liz, i'm going to say one of the things you need right away are data centers because these artificial

intelligence chips that are running in those data centers responding the chatgpt and so forth requests, that's manager that's to just going to be exploding. they've already put in a ton of these over the past few months, and that's not, like, years and years, that's the past few months because the demand, liz, is so huge. liz: yeah, you're talking about vertiv. let's get the names out here, right, jon? >> yeah. liz: vertiv, we talked about it yesterday, leon cooperman outlined it a couple of months ago and reiterated his buy on that. specifically, this is a real estate investment trust where they run the data centers, correct? >> yeah. they run the data centers. the tez are very thirsty as far as for electricity to power all that data the and the search which is somewhere around 17 times more demand from the a.i.

searches than if you just did it on your own, liz, if you just asked google or whatever your favorite favorite search engine is. so that's a lot. i'd also say that something like vis that, which is an independent power producer, these guys are going to be huge to the upside because of that increased demand. so at first it was, of course, evs. and now it's a.i. so when you've got that one-two punch of that a.i. demand which is massive and the evs, that's going to drive power con sunlight through the roof. -- consumption. there's going to be a lot of demand for instant on power. that comes to cow you one of two wayses, liz; a, nuclear or, b, natural gas. so nuclear, i'd say cake a look at a camare co, ccj. a ton of activity in the last six months or more, and it just continues to go higher, higher, higher. i think that's one you want to

own for the long term. husband liz yeah. year to date up about 22%. mark, give me a sense of where you see the markets as we get closer to the end of may. >> well, listen, i think we've got a lot of good momentum, right? we till see a fair amount of dry powder on the sidelines. we're seeing a rotation from the smart money which, of course, is what what we follow with market rebellion out of mag 7 and into these a.i. infrastructure, picks and shovels, a part of the theme that jon and i were -- liz: but with let me bring you back to retail though. >> sure, sure. liz: that was picked over -- sorry. that was not picked over like a lot of the hot tech names. >> yeah, no doubt. we had williams-sonoma that reported surprise this week, on holdings that you mentioned in con jens with the deck story, also surprising. i think that's going to continue, but it's not -- you can paid if with a broad brush and say every retail discretion nature, oh, we got the whole sector wrong. the troubles are still there.

credit cards -- liz: there's target. target's still having system troubles. >> of course. and so much of this earnings season was a continuation of is it a guidance story or is it a story about how they actually met p missed or exceeded. liz: jon, on holding, wherever i'm -- whenever i'm in an airport, i look at people's feet. [laughter] two years ago i didn't see a lot of on holds. i was wearing them, but i was just in greece, and i was at that's then -- athens airport, so many people were wearing on sneakers. i thought that was interesting, that's sort of my on the ground research for everybody. but i'd love your perspective as we head into the memorial day holiday and the dow turned negative, went down about 23 points. it's down 16 at the moment. let's see if it can punch back into positive territory, but what is your side window tread today? is there something when it comes to volatility? we really still haven't seen it yet. >> well, right now volatility's about where it should be, liz,

measured by, of course, how much we're moving up or down in the s&p 500 because that's9 what the vix is the measurer of. i would say that one of those trades that mark and i were looking at today was an nvidia trade, but it's a longer term trade. in other words, the fast money was in just before the earnings. the stock popped, your friend and mind, charles payne, was on top of that. you were on top of it. yeah, they outperformed -- liz: okay, so what's the new trade? gel, the new trade is january. buy the january 10-50 calls. that gives you the right but not the obligation to take stock at 1050, right where it's trading right now, and i would sell the 12000 call. why? because that way i'm only putting $can 60 down, not 100, and certainly not $1 is,0500 down this is a lot. this is going to split 10 for 11, so whatever you do out in january, your going to have a position that's 01 time bigger.

-- 10 times bigger. it's not going to cost you 150 time -- 10 times more, but i can double, almost triple my money in this trade from now til january. and in those terms in the stock split terms you're no longer asking it to move from 1050 to 12000, you're asking it to move from $100 and 1015 to -- 105 to 1200. it's the same percentage move, but you'll have 10 time the upside on that trade. liz: and remember are, everybody, they did announce a 10 for 1 stock split. that's for shareholders of record, i believe, by june 6th. that's why you keep seeing the stock move higher so eventually you will get the 9 shares for your 11 share. have a save moll -- holiday weekend. >> you too, liz. liz: we've got to talk about the crypto world gets a -- getting a big surprise after the securities and exchange

commission took one step closer to approving the trade of spot ether etfs. the coinbase chief policy officer is here to tell us us how it could be a boon for his crypto the exchange. it's a fox business exclusive. crypto stocks moving higher at this houring yes, including coinbase which is propping 7 plus percent. hive, marathon digital, microstrategy, riot all on the move to the upside. "the claman countdown" is coming right back. so much more ahead. you've got to stay with us even if you're packing for your weekend. ♪ ♪ we love being outside, but the sun makes our deck and patio too hot to enjoy. thanks to our new sunsetter retractable awning, we can select full sun or instant shade.

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liz: what a week for etherium. the second most popular crypto slipping right now, but it is still on pace for its best week

in more than a year. the 20% buildup culminated in the securities and exchange commission yesterday approving key regulatory filings tied to nine ether etf applications. those nine picking -- six out of the nine, i believe, picking coinbase as their custodian which is required by the sec. however, no matter who's the custodian, they are not cleared the trade just yet. m -- jmp securities saying coinbase stands to benefit from it approvals at least to make the next step forward. thanks to the cryptoexchange's transaction, custody and taking -- staking business. joining me live is the coinbase chief policy officer. what does the ether etf approval say to you about, sec's up until now pretty intransigent stance on crypto? >> well, i think it says in the end even this sec ultimately has

to follow the rule of law. a court defended the rule that conditions you should which, sec should. carley: these etf application x they ultimately had to approve the bitcoin one and now the same with etherium, and it's a gigantic ten -- step towards the acceptance. and that couldn't be more exciting. it also clarifies an issue that the sec had put into the air over the last few weeks which is somehow arguing that etherium is a security. now that issue's been put to bed. we've had an important step towards clarity and toward mainstreaming crypto. we couldn't be more excited about that. liz: yeah. and as i said is, six of the mine picked coinbase as the custodian. the custodian is an issue that is required by the sec, as i understand it. basically, they're in charge of record-keeping activity, and it's sort of you're facilitating the trades and the holdings. how important is that to coinbase? i mean or your stock has done

increasingly well over the past year. -- incredibly well. >> we're going to have an important role9 with the issuers who issue these etfs, so we will be the custodian for most of the applicants. so that'll be with quite exciting and much like the the opportunity we have with the bitcoin etfs, we think it'll be a big business, you know, opportunity for us. but what we found is that the broad scale adoption of the bitcoin etfs led to a broader upsurge in the market more generally, and so we expect to see something similar we etherium, and that's really as positive for us. liz: you know, it's been a very big couple of weeks in congress for if cryptocurrency. the senate made a decision that was very interesting. it rocked the crypto world last week passing a bill that a had been overturned. it was kind of controversial sc rule that prevented bank with from being custodians for crypto. on top of that,s wednesday the house passed legislation laying

out new framework for when crypto should be regulated by the sec or the cftc, commodity futures trading commission. can you just explain what that really means? >> well, virtually every other country in the world has a clear national framework around the trading of crypto assets. the u.s. has two regulators so it's a harder issue to resolve in the u.s. particularly when you have the agencies not agreeing on what's a commodity and what's a security. and what the house passed by a significant bipartisan margin was a bill that establishes clear rules and customer protections for the trading of crypto assets but also sets the perimeter between the two agencies so there's more regulatory clarity for all of us in the industry, and it's a really excellent bill, really strong result, lots of bipartisan support including 7711 democrats concern 71 democrats including the majority whip and speaker emeritus pelosi. liz: if i didn't know better, i'd say it's turning into a

political issue, right? [laughter] you now have both the democrats and the republicans saying, oh, oh, we like you guys, which is such a 1800. again, we've had a lot of pushback from not everybody, but a lot of these congressmen and senators. and and still gary gensler of the sec does not like it. he recommends that the house not move forward with this. in fact, he has said there's just so much fraud and abuse when -- and bankruptcies. well, welcome to the financial world. there's a lot of that everywhere, is there not? >> there is, and the best response to that is to create a clear regulatory the framework at the federal level to oversee it, and that's what the house has taken an important step to advance. senator booker made a really important statement when he voted in favor of overturning the sab 121, you know, staff accounting bulletin from the sec. he said, you know, i'm trying to send a signal because i think it's important for us to vote on crypto issues.

so there's been a lot of speculation about whether the9 politics -- where the politics of crypto are, and now with the market structure bill, the overwhelming democratic support along with republican senator is really gratifying. liz: well, maybe people should have listened a year or two ago to senators lieu police and gillibrand in their bipartisan bill. the women got it right, let me just say that. [laughter] they put forward some guardrails that would have made things much easier. farya a r, thank you very much. >> have a good weekend. liz: you too. superstar college athletes moving into millionaire status by leaps and bounds. the ncaa has just cut a deal that could see millions more dollars heading into the pockets of the college game's biggest stars like usc hoops star bronny james. details on the landmark settlement straight ahead. the reporter at the forefront of

it. not exactly a slam dunk, but the dow putting a few points on the board earlier today and right now down 99 points at the moment after its worst day of the year. at the bottom of the dow 30 heat map, salesforce.com followed by johnson is and johnson, united health care, home depot and cat. ♪ hundreds with liberty mutual! (inaudible sounds) (elevator doors opening) wait, there's an elevator? only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪ after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything.

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liz: well, it appears the age of the amateur college athlete is officially over. this after the ncaa agreed to share revenue with athletes in a landmark $2.8 billion settlement. here's the deal. colleges and universities across the nation will now be able to directly pay their so-called student-athletes upwards of $20 million per year in addition to billions of dollars to former athletes who argued successfully that they, too, should have gotten paid to play. the pandora's box of paying college athlete ares is now smashed to bits, upending more than a century of policies which allowed major athletic departments to cash in bigtime on the performances of their top sports stars but the sports stars couldn't partake. "wall street journal" reporter lane higgins has been all over the story. walk us through this billion dollar settlement. >> it's both a long time time coming and also very sudden in the sense that the ncaa has faced legal challenges for

decades now, and they've sort of been accelerating because a of the the college sports advocates have understood that this is the way to force the ncaa into changing it rules because they're more than a 1,000-member body that makes decisions and turns as nimbly as an aircraft carrier. so this is something where rather than face potential financial ruin with this case because, you know, the number we see, the $2.8 billion settlement, that's very big, but with had it gone to trial if had they lost, the damages would have been trebled is and immediate. this is a way of the ncaa kind of saving itself in the short term in order to create possibly more in the long term. liz: but they're till open to litigation, right? >> oh, yeah. there's still a lot of other cases. several about whether athletes will be employees, other antitrust cases on a very similar thing. and there's a whole patchwork of state laws. liz: let's not roll over athletes being employees. [laughter] what you're saying is the schools paying athletes

directly, correct? >> yes. liz: and each school up to, what, $20 million? you think about the money that the big five conferences, the se e c, the pac-12, the the big 12, the big ten, i mean, the power five conferences pull in, 2023, $3.5 billion. you flip that over to ohio state, you know, the big ten led the way way with $880 million, but ohio state brought in revenue, the most for a single school, $250 to -- million. let's just back up a bit. this was the brought, this all started because of former arizona state university sweller, not a football or basketball player, grant house said, you know what? wait a minute. you guys make so much coin off sports, i should have been able to partake in that, and now the courts basically nudged the ncaa to say, okay, or we'll pay you guys now. but what are the unintended consequences of this? >> one of the biggest unintended

consequences, perhaps, is just big question about what happens with title ix. that is a federal statute for any university that accepts public funding, or funding from the government, that you need to have equitable opportunities, benefits and scholarships for men and women athletes. and if you have $20 million, the thinking would be that you'd have to divide that pretty equitably between men and women. however, most of the revenue that's generated in college sports today comes from college football and basketball. liz: let me just say, shedeur sand e deion sanders' son over at colorado, he played, what, two games, i think, last year? sorry.. i'm so sorry, that was arch manning. shedeur sanders made $4.7 million in name, image and likeness -- >> in endorsements, rights. liz: urban outparties, beats by dray, under armour, gatorade. then you go to arch manning, nephew of payton and eli

manning, he only played two games for the longmorning -- longhorns x he made a boat load of money. what about the lacoste steams and, yes, the swim teamsesome enter i was a former college swimmer and, unfortunately, before the time when you could make money, but we would not have been making six figures or five figures even. the data shows that most of the college athletes that are currently enrolled are not making more than about $1,000. and, you know, yes, football players and basketball players probably have more money going around especially at the top levels that are the most competitive, but for the most part, you're not making a ton, and you're not making life-changing money. granted, $100 to a college kid is a lot of free pizza i, but there's that. liz: what about schools? i mean, i wonder, will these kids pick schools for majors or for how many opportunities to make coin they will have. and then you start to see other schools fall by the wayside who didn't get picked by the top high school athletes. >> you're already seeing a

little of that going on with nil, and i think this is only going to accelerate that, unfortunately. liz: okay. well, good to see you, lane, and thank you very much. everybody should read the article, it's on the front page of the "wall street journal." fox business alert, some individual stocks you need to hear about it. intuit with, swirling the drain of the s&p 500 and the nasdaq even though it topped fiscal third quarter expectations. the stock is down 8.5%. this is the parent of turbotack, and it issued weaker than expected fiscal fourth quarter guy dance. bank of america lowered its price target to $730 a share from the 760. it is way below that right now, $605 and change. luxuryers v maker lucid trimming its u.s. work force by 6%, about 400 employees. lucid is had around 6500 employees globally. it said it expects to incur a total of around 211 million to $25 million in charges related to that work force reduction. rival tesla said last month it

would lay off more than 10% of its global work force. for the moment, lucid has just turned positive after a languishing to the downside for much of the session. tesla, for its part, up 3.33%. there are reports tesla cut production of its model el y vehicle in china amid rising competition. according to reuters, out has lowered output by a double-digit percentage at its shanghai giga-factory can and even though chinese rivals are gaining in popularity, elon musk yesterday said he is not in favor of u.s. tariffs on chinese evs, said he had nothing to do with requesting it of the administration. probably doesn't want to enrage the chinese because he's got his shanghai factory. let's turn to spacex. bloomberg reporting the firm has initiated discussions about selling existing shares at a price that would value the private company at roughly $2000 billion -- 200 billion.

spacex is discussing a tender offer that a may kick off in uniand would slap a price dog tag on shares of about $108-110 awe piece. google parent alphabet's waymo is creating more roadblocks after the national highway traffic safety administration said today the it has learned of nine additional cements that raise concerns about -- incidents that raise concerns. this come as the u.s. auto regulators opened an investigation into the robotaxi business earlier this month after 22 accidents were reported that that a violated traffic safety laws. that's not google's only problem. its a.i. overview search tool that just recently launched is giving bizarre answers to very normal questions. for example, when asked about how to make cheese tick to pizza crust, it responded, quote, well, aside from adding cheese to the sauce, you could also add about an eighth of a cup of

nontoxic glue to the sauce to give it more tackiness. [laughter] and when asked about a tobacco health benefits for tweens, google's a.i. response was, quote, fact contains nicotine which can cause end creased alertness, euphoria and relaxation. well, yesterday on the show we brought up this issue to the perplexity ceo. they are a rival, an a.i. rival to google, and he cited google's problem. >> the reason people use perplexity is because they just want answers, they don't want opinions on what we think the world should be and something like that. and this is where i feel like, you know, the first rollout of gemini and google's products have gotten wrong of even now if you go and ask questions about controversial topics, gemini are refuses to answer or morally tells you what to and what not to ask. liz: or totally hallucinates. and perplexity is gaining -- it's private, but it is gaining

a lot of popularity. nvidia's ceo says perplexity is his favorite chat bot, so we are watching that closely as google falls behind in the a.i. race. all right, the summer boating season potentially kicks off memorial day weekend. life on the high seas, well, listen, it's going to cost you some serious doubloons, but brunswick, parent of popular boating brand boston whaler, searay, mercury and more, is floating new, less expensive options. the ceo is up next on what they are. it's a fox business exclusive. and as many of you pack your luggage to get away for the holiday weekend, a big percentage of americans are passing on summer travel altogether due to inflationary price. travel industry leaders ors say, not so fast. you can still vacation without breaking the bank. and ceo of marriott international lays out how the industry is creating offerings to keep the sector resilient. he spells's -- spells it out on

the new fox business rundown podcast. and he reveals -- this is the part you really want to listen to -- a top insider or tip marriott is offering now on how you can land a luxury trip using just one reward point. you won't know how to do that unless you scan the qr code you seen on your screen. the fox business report episode drops today, 4 p.m. eastern with fresh episodes every monday and friday. " claman countdown" is coming right back. the dow flat to, oh, so slightly higher. ♪ ♪ (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪)

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aaa predicting more than 43 million americans will hit the road and take to the skies for the 3-day weekend. we're also expected to see a 202-year travel record at the airport as americans jet off to their holiday destinations. let's go live to one of the airports that's busiest, grady trimble's at reagan national airport. grady. >> reporter: hey, liz. a lot of people here, for sure, and it seems to be pick up as people get out of work and make their way to the airport. is and the folks here are one of 3.5 million people a ark a says will be flying this memorial day weekend -- aaa. they say it'll be the busiest memorial day weekend since 2005, and nearly 5% increase compared to last year. st the an even bigger jump when you look at prepandemic levels. so travel is certainly back. maybe part of the reason for that a is because the travel booking with act hopper says airfare is down just about 10% from last year. this weekend, of course, connects off what the airlines

are -- kicks off what the airlines are predicting will be the busiest summer travel season ever, and that's a despite the fact that the biggest planemaker in the u.s. and second biggest in the world is struggling after all of the safety incidents we've talked about this year. and this morning boeing put out its third annual safety report. in it it says submissions from its employees raising concerns about safety and quality increased sixfold. that is 500% in the first two months of 2024 compared to the same period last year. of course, that time frame at the beginning of this year is right after that door plug incident on the alaska airlines flight in januaryful most travelers are we've talked to here say they're not worried about the problems at boeing, but some say it is a factor when they're look booking -- booking their flights. is that something that you think about maybe more than you used to? >> actually, yes. i specifically booked these flights through airbus with planes. >> reporter: and why is that?

>> because just to avoid boeing. >> obviously, it's manager that has been a problem -- something that has been a problem to some degree, but i still basically trust them. >> reporter: so part of the faa's increased oversight of boeing is that it's requiring the company to produce a come we hence we've safety and -- comprehensive safety and quality with plan that was due 90 days from when it made that, made them put the report together in february,ish say. i should say. it's due next week, liz s. and just this week the head of the faa said it's going to be a long road to get boeing back to the safety and quality that it expects of the planemaker. liz in. liz: we have asked the ceo to come on time and time again, and i just, you know, you and i have talked about this. he really should speak to our viewers. our viewers also fly boeingings, not just, not just the other guys across the river. but it seems like they need a little help here.

grady, thank you very much9. boeing shares coming back just by 1%, still down about 5.5% on the week. all right, we've got about 4 minutes leavitt of trade. millions -- left of trade. millions about to skedaddle the office and sail into memorial day weekend. the summer boating season has officially kicked off, but the industry which enjoyed a record sales boom during the pandemic now sees its engines idling a bit more frequently as would-be buyers remain cautious amid inflation and high borrowing rates. brunswick is the lateralingest boating technology company in the world with boston whaler, searay, mercury among its brandses. how has brunswick managed to post a historic 2023 which saw its second best year on record? joining me now in a fox business exclusive, brunswick corporation david folks. david, i remember during the pandemic napped was so hot, people -- demand was so hot, people couldn't find a ding hi to purchase. -- dinghy.

it's not quite as hot, right? >> no, it's not. we've gone from the supply-constrained situation to a more demand-constrain thed situation. if you look at immediately before the pan pandemic til now, the industry is down about 17 during that period. liz: 17%, okay. yet your premium brands, they're not experiencing a slowdown. >> no. you know, the market is definitely bifurcated at the moment. certainly, high interest rates are impacting our more value consumers and some core consumers, but we're seeing really strong conning demand for our -- continuing demand for our premium brands and products, brands like searay, boston whaler, large horsepower americaly engines and our advanced electronics that go along with those boats are really standing up very well. and, in fact, in the early season boat shows like the miami boat show, we had record sales, so we're continuing to see a difference in the market.

but we are, of course, working to make sure that we get as many people on the water as possible. so when the value and core parts of our market, we're offering more incentives to make boating more affordable. liz: well, let's talk about that because even wealthy people are concerned about a possible recession although we've been hearing about this for two years now, and it hasn't come. we're overdue for a recession, folks. that's just a fact of the markets and of life. however, it's important to point out, david, that you wouldn't be a smart businessman if you weren't preparing to make sure you have unfortunately aings in different forms -- offerings in different forms than in the past. you have a subscription service now. talk about it. explain what it costs to viewers who might be interested or certainly watching any kind of bump with your stock would get from it. >> yeah. so it's called freedom boat club, and it operates a bit like a golf club. so you pay a joining fee and then monthly membership fees. and for that you get access to a

fleet of boats at your home location. typically, that might be 30 or so is new or nearly new boats. but you also a get access to the more than 400 freedom boat club locations a a we have with worldwide. in the u.s., in canada, in all n europe and even in australia. so you get to boat pretty much anywhere you want. and the convenience aspect is that the boat is ready when you arrive, no cleaning when you finish, you just drop it off again. you don't need to gas the boat. it's very convenient for, you know, those who are under more time -- liz: are you -- sorry -- i need to know, how are bookings looking? is everything snapped up? and how much does this cost, if you could just reiterate that. >> yes. bookings are very strong, and we're continuing to grow year-over-year. we have about 100,000 members now and about a 5,000 boats in the fleet. typically, the joining fee is in the 5-6,000 the range, and the

monthly fees would be around $4- 500. liz: okay. well, it's an opportunity to get on the water without the a headache of -- [laughter] on of an engine that just craps out. david, good to see you. thank you very much. >> good to see you too too. thank you for having me, liz. liz: you're welcome. paging dr. copper. investors use the red metal to gauge the health of the industrial economy expect pace of, say, for example, how they're building up skyscrapers. today's countdown closer joins us next on what copper's recent record means for investors and whether you should get in now or wait with. we are coming right back. ♪

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followed by an ugly tuesday when it separates worse dropping two years but we have been all over the place with copper. it is up 26% in 2024 outpacing the s&p's 11% gain. you jump in now or wait? wealth advisors ceo chris mcmahon, your health advisor and what do you do, you like industrials, give me a sense of whether you by copper names or minors at this price? >> there's people in rough waters making this bold prediction. copper is well-positioned, oh we like them because they are copper and lead and silver on downside protection, not as optimistic as the hedge fund,

pricing generally cost per takes it on the chin in general. and and -- gold is a couple weeks ago, hitting record after record. $267 a troy ounce, do you like gold here? >> quite a bit. you see the market out all-time highs, people look for other avenues, no better place to keep your powder dry. you could use some downside protection. liz: i've got to ask are you optimistic about equities? we are close to all-time records. the nasdaq is there right now.

>> no question. we are taking some profits, some money off the table. take a little money off the table, 60% equities most of the time. give it 6 months to see what happens. liz: thanks, good to see you. as we head toward memorial day, i want to take a moment to remember my great uncle, jack fabish who died in the allied invasion of june 1944, he bravely made it across the beaches but was killed shortly thereafter. i didn't know him but in 2018 i visited his grave in windswept canadian cemetery in normandy. american, canadian, british, who gave their lives fighting the enemies of the free world,

we thank you not just on this memorial day holiday but every day. we are about to come up to the closing bell, nasdaq closing at a brand-new record hi, 11th record close of the year. the fifth straight week of mains, the dow too close to call, hugging the flat line turning positive by two points gaining 36. we are wishing you all a safe memorial day weekend. that will do it for us on "the claman countdown". "the claman countdown" says good night. kudlow is to. ♪ larry: welcome to code low. i am larry kudlow. donald trump last night are shot across president biden's about, rallied tens of thousands of supporters in the bronx.